By Ernest Scheyder
(Reuters) – Lithium Americas Corp has delayed plans to excavate its Thacker Pass lithium mine site in Nevada, according to court filings, while a federal judge considers whether the former Trump administration erred in approving the project that opponents say could threaten sage grouse and other wildlife.
The delay is the latest setback for the U.S. critical minerals industry as environmentalists pressure courts and regulators to block mining projects from a slew of companies including ioneer Ltd , Antofagasta Plc , Rio Tinto and others, even if those mines produce metals key to fighting climate change.
Thacker Pass, if completed, would be the largest lithium mine in the United States, producing 30,000 tonnes of lithium annually – enough to make more than 475,000 electric vehicle (EV) batteries.
The court case, though, is likely to push back the company's development timeline and an adverse ruling could seriously imperil it.
Mine opponents have asked a federal judge to rule by next month on whether Vancouver-based Lithium Americas may dig at the northern Nevada site.
The company had intended to start digging at the site on June 23, several months earlier than initially planned.
Opponents requested a temporary injunction to block excavation while the court considers the broader case, which centers on whether the U.S. Bureau of Land Management (BLM) erred in approving the project in January less than a week before U.S. President Donald Trump left office.
Thacker Pass has been under review for more than a decade.
Lithium Americas this week agreed to pause digging through late July, according to filings.
SAGE GROUSE
Environmentalists filed the suit after that BLM decision, arguing in part that regulators did not abide by federal statues designed to protect sage grouse. The company and BLM disagree, according to filings.
"These sage grouse protections are the law of the land and we feel we have a strong case with our injunction motion," Roger Flynn, an attorney representing conservation groups, told Reuters.
Chief Judge Miranda Du of the federal court in Reno, who is overseeing the case, has in the past ruled in favor of preserving sage grouse habitats.
If Du grants the injunction, Lithium Americas would not be able to develop the site while she considers the broader question of whether the Trump administration erred in approving the mine. A ruling on that is expected later this year or in 2022.
In a statement, Lithium Americas said it is "confident the BLM's extensive and approved environmental impact statement will withstand judicial scrutiny."
Lithium Americas told the court that blocking the mine would harm national security and impede President Joe Biden's plan to wean the U.S. economy off fossil fuels.
Reuters reported last month that Biden plans to look abroad for most supplies of EV metals, part of a strategy designed to placate environmentalists.
Lithium Americas has an unlikely ally in Glenn Miller, who founded the environmental group Great Basin Resource Watch, which is one of the conservationist groups suing to block the mine.
Miller said he disagrees with the group's opposition to the project and resigned from its board earlier this week.
"Everyone is deeply concerned about climate change. It's a question about values, and I go with the need for lithium," said Miller, a retired professor at the University of Nevada. "This is one of the least-impactive mine plans I've ever seen."
(Reporting by Ernest Scheyder; editing by Amran Abocar and Marguerita Choy)
VANCOUVER, BC, June 11, 2021 /PRNewswire/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE MKT: NXE) is pleased to announce the voting results from all business items considered at its Annual Meeting of Shareholders ("Meeting"), held on June 10, 2021. All matters of business were passed, and all nine director nominees were elected representing a total of 238,833,198 or 50.74% of the Company's outstanding shares. The details of the proxy voting for directors are set out below:
Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
Leigh Curyer |
202,844,997 |
99.94% |
127,467 |
0.06% |
Christopher McFadden |
188,910,590 |
93.07% |
14,061,874 |
6.93% |
Richard Patricio |
142,312,647 |
70.11% |
60,659,817 |
29.89% |
Trevor Thiele |
190,853,953 |
94.03% |
12,118,511 |
5.97% |
Warren Gilman |
144,454,289 |
71.17% |
58,518,175 |
28.83% |
Sybil Veenman |
200,534,861 |
98.80% |
2,437,603 |
1.20% |
Karri Howlett |
202,551,613 |
99.79% |
420,851 |
0.21% |
Brad Wall |
197,784,135 |
97.44% |
5,188,329 |
2.56% |
Don Roberts |
195,151,199 |
96.15% |
7,821,265 |
3.85% |
Detailed voting results for all matters considered at the meeting will be available on SEDAR at www.sedar.com.
About NexGen
NexGen is a British Columbia corporation with a focus on developing the Rook I Project located in the southwestern Athabasca Basin, Saskatchewan, Canada into production. Rook I hosts the Arrow Deposit that hosts Measured Mineral Resources of 209.6 M lbs of U3O8 contained in 2.18 M tonnes grading 4.35% U3O8, Indicated Mineral Resources of 47.1 M lbs of U3O8 contained in 1.57 M tonnes grading 1.36% U3O8, and Inferred Mineral Resources of 80.7 M lbs of U3O8 contained in 4.40 M tonnes grading 0.83% U3O8. Arrow's development is supported by a NI 43-101 compliant Feasibility Study which outlines industry leading 'next generation' designs implementing elite environmental performance as well as industry leading strong economics.
NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. The Company is the recipient of the 2018 PDAC Bill Dennis Award for Canadian mineral discovery and the 2019 PDAC Environmental and Social Responsibility Award.
Forward-Looking Information
The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property, the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated March 11, 2020 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedar.com and Edgar at www.sec.gov.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.
There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
View original content:http://www.prnewswire.com/news-releases/nexgen-announces-voting-results-and-election-of-directors-from-annual-meeting-of-shareholders-301311131.html
SOURCE NexGen Energy Ltd.
(All amounts in US$ unless otherwise specified)
VANCOUVER, British Columbia, Jun 11, 2021–(BUSINESS WIRE)–Capstone Mining Corp. ("Capstone" or the "Company") (TSX:CS) is pleased to announce that it has filed a preliminary base shelf prospectus (the "Shelf Prospectus") with the securities commissions in each of the provinces and territories of Canada.
The Shelf Prospectus, upon a receipt for the final base shelf prospectus, would allow Capstone to make offerings up to C$500,000,000 of common shares, warrants, subscription receipts, units, debt securities, share purchase contracts, or any combination thereof, from time to time over a 25-month period. The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement. Capstone has filed this base shelf prospectus for future financial flexibility and has no immediate intentions to undertake an offering. As reported in its quarterly financial statements ending March 31, 2021, Capstone had a cash position of $44.81 million and was debt-free2. Subsequent to March 31, 2021, Capstone received $30 million as an upfront deposit on the Wheaton Precious Metals Gold Stream Agreement.
This news release shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities nor shall there be any sale of securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.
A copy of the preliminary Shelf Prospectus, and copies of the final base shelf prospectus and any shelf prospectus supplements that may be filed in the future, can be found under the Company's SEDAR profile at www.sedar.com, or may be obtained by request to Wendy King, Senior Vice President, Risk, ESG, General Counsel and Corporate Secretary, Suite 2100 – 510 West Georgia Street, Vancouver, BC, V6B 0M3, info@capstonemining.com.
Filing of Pinto Valley Technical Report
In addition, the Company has filed on SEDAR a technical report titled "NI 43-101 Technical Report on the Pinto Valley ("PV") Mine, Arizona, USA" (the "Technical Report") updating the PV3 life of mine plan.
The Technical Report was prepared in accordance with the Canadian Securities Administrator’s National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and is available for review under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at capstonemining.com.
The Company expects to release an updated NI 43-101 Technical Report in 2022 presenting the results of several initiatives aimed at increasing the value of the Pinto Valley Mine, including a PV4 pre-feasibility study and studies of Eriez Hydrofloat coarse particle flotation and Jetti catalytic technology.
1.Cash and cash equivalents and short-term investments of $44.8 million as at March 31, 2021
2.Debt Free is in reference to zero long term debt balance as at March 31, 2021
ABOUT CAPSTONE MINING CORP.
Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the responsible development of our assets and the environments in which we operate. Our two producing mines are the Pinto Valley copper mine located in Arizona, US and the Cozamin copper-silver mine in Zacatecas State, Mexico. In addition, Capstone owns 100% of Santo Domingo, a large scale, fully permitted, copper-iron-gold project in Region III, Chile, as well as a portfolio of exploration properties. Capstone's strategy is to focus on the optimization of operations and assets in politically stable, mining-friendly regions, centred in the Americas. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com.
This news release has been reviewed and approved by Brad Mercer, P. Geol., Capstone's Senior Vice President and Chief Operating Officer, a Qualified Person and the person who oversees operational and exploration activities at Pinto Valley Mine.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.
Forward-looking statements relate to future events or future performance and reflect our expectations or beliefs regarding future events and the impacts of the ongoing and evolving COVID-19 pandemic. Forward-looking statements include, but are not limited to, statements with respect to the filing of a final base shelf prospectus, future offerings of securities and updated technical reports or technical information. In addition, the potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including Capstone’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which Capstone operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 to Capstone is dependent on a number of factors outside of our control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which we operate. In certain cases, forward-looking statements can be identified by the use of words such as "anticipates", "approximately", "believes", "budget", "estimates", expects", "forecasts", "guidance", intends", "plans", "scheduled", "target", or variations of such words and phrases, or statements that certain actions, events or results "be achieved", "could", "may", "might", "occur", "should", "will be taken" or "would" or the negative of these terms or comparable terminology. In this document certain forward-looking statements are identified by words including "anticipated", "expected", "guidance" and "plan". By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, amongst others, risks related to inherent hazards associated with mining operations and closure of mining projects, future prices of copper and other metals, compliance with financial covenants, surety bonding, our ability to raise capital, Capstone’s ability to acquire properties for growth, counterparty risks associated with sales of our metals, use of financial derivative instruments and associated counterparty risks, foreign currency exchange rate fluctuations, market access restrictions or tariffs, changes in general economic conditions, availability of water, accuracy of Mineral Resource and Mineral Reserve estimates, operating in foreign jurisdictions with risk of changes to governmental regulation, compliance with governmental regulations, compliance with environmental laws and regulations, reliance on approvals, licenses and permits from governmental authorities and potential legal challenges to permit applications, contractual risks including but not limited to, our ability to meet the completion test requirements under the Cozamin Silver Stream Agreement with Wheaton Precious Metals, our ability to meet certain closing conditions under the Santo Domingo Gold Stream Agreement with Wheaton Precious Metals, acting as Indemnitor for Minto Exploration Ltd.’s surety bond obligations post divestiture, impact of climate change and changes to climatic conditions at our Pinto Valley and Cozamin operations, changes in regulatory requirements and policy related to climate change and GHG emissions, land reclamation and mine closure obligations, risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of Capstone relating to the unknown duration and impact of the COVID-19 pandemic, uncertainties and risks related to the potential development of the Santo Domingo Project, increased operating and capital costs, increased cost of reclamation, challenges to title to our mineral properties, increased taxes in jurisdictions the Company operates or is subject to tax, changes in tax regimes we are subject to and any changes in law or interpretation of law may be difficult to react to in an efficient manner, maintaining ongoing social license to operate, dependence on key management personnel, potential conflicts of interest involving our directors and officers, corruption and bribery, limitations inherent in our insurance coverage, labour relations, increasing energy prices, competition in the mining industry including but not limited to competition for skilled labour, risks associated with joint venture partners, our ability to integrate new acquisitions and new technology into our operations, cybersecurity threats, legal proceedings, and other risks of the mining industry as well as those factors detailed from time to time in the Company’s public filings, including the Shelf Prospectus, which are filed and available for review under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause our actual results, performance or achievements to differ materially from those described in our forward-looking statements, there may be other factors that cause our results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that our forward-looking statements will prove to be accurate, as our actual results, performance or achievements could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on our forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005489/en/
Contacts
Jerrold Annett, SVP, Strategy and Capital Markets
647-273-7351
jannett@capstonemining.com
Kettina Cordero, Director Investor Relations & Communications
604-262-9794
kcordero@capstonemining.com
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. Long term Aurelia Metals Limited (ASX:AMI) shareholders would be well aware of this, since the stock is up 232% in five years. It's also good to see the share price up 11% over the last quarter. But this could be related to the strong market, which is up 7.5% in the last three months.
View our latest analysis for Aurelia Metals
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
During the five years of share price growth, Aurelia Metals moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. This free interactive report on Aurelia Metals' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Aurelia Metals, it has a TSR of 254% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
Aurelia Metals shareholders are down 6.4% for the year (even including dividends), but the market itself is up 33%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 29% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Aurelia Metals is showing 3 warning signs in our investment analysis , you should know about…
Aurelia Metals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on AU exchanges.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
Under the guidance of CEO Diana Hu, Eastern Platinum Limited (TSE:ELR) has performed reasonably well recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 17 June 2021. However, some shareholders will still be cautious of paying the CEO excessively.
Check out our latest analysis for Eastern Platinum
According to our data, Eastern Platinum Limited has a market capitalization of CA$49m, and paid its CEO total annual compensation worth US$393k over the year to December 2020. We note that's an increase of 26% above last year. In particular, the salary of US$288.4k, makes up a huge portion of the total compensation being paid to the CEO.
For comparison, other companies in the industry with market capitalizations below CA$242m, reported a median total CEO compensation of US$124k. This suggests that Diana Hu is paid more than the median for the industry.
Component |
2020 |
2019 |
Proportion (2020) |
Salary |
US$288k |
US$280k |
73% |
Other |
US$105k |
US$31k |
27% |
Total Compensation |
US$393k |
US$311k |
100% |
Speaking on an industry level, nearly 93% of total compensation represents salary, while the remainder of 7% is other remuneration. In Eastern Platinum's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation veers towards salary, it suggests that the variable portion – which is generally tied to performance, is lower.
Eastern Platinum Limited has seen its earnings per share (EPS) increase by 24% a year over the past three years. It achieved revenue growth of 22% over the last year.
Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.
With a total shareholder return of 13% over three years, Eastern Platinum Limited shareholders would, in general, be reasonably content. But they would probably prefer not to see CEO compensation far in excess of the median.
Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. However, any decision to raise CEO pay might be met with some objections from the shareholders given that the CEO is already paid higher than the industry average.
CEO pay is simply one of the many factors that need to be considered while examining business performance. That's why we did our research, and identified 3 warning signs for Eastern Platinum (of which 1 is a bit concerning!) that you should know about in order to have a holistic understanding of the stock.
Switching gears from Eastern Platinum, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
VANCOUVER, British Columbia, June 09, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports expanded high grade mineralization in the newly discovered East Ridge zone.
Results from East Ridge drill hole RC688, located 100 metres east of hole RC684, returned 344 metres of 0.70 g/t gold and 0.75% copper from a depth of 776 metres including 170 metres of 1.1 g/t gold and 1.1% copper.
Brian Kynoch, President of Imperial Metals, said, “This exciting new discovery at the East Ridge is located outside the envelope of the current mineral resource and has the potential to increase the already large mineral resource at Red Chris.”
In the Main Zone, hole RC683 returned 300 metres grading 0.41g/t gold and 0.51% copper from a depth of 260 metres, including 114 metres of 0.67g/t gold and 0.85% copper from a depth of 390 metres, and 22 metres of 1.1 g/t gold and 1.4% copper from a depth of 464 metres. Drilling in the Main Zone continues to confirm the potential to define further zones of higher-grade mineralization.
Red Chris – Significant results:
Hole ID |
From (m) |
To (m) |
Width (m) |
Gold (g/t) |
Copper (%) |
RC683 |
260 |
560 |
300 |
0.41 |
0.51 |
including |
390 |
504 |
114 |
0.67 |
0.85 |
including |
464 |
486 |
22 |
1.1 |
1.4 |
RC684 |
814^ |
1066^ |
252^ |
0.46 |
0.53 |
including |
962^ |
1060^ |
98^ |
0.85 |
0.86 |
including |
970^^ |
986^^ |
16^^ |
1.2 |
1.2 |
RC688 |
776 |
1120 |
344 |
0.70 |
0.75 |
including |
892 |
1062 |
170 |
1.1 |
1.1 |
including |
894 |
972 |
78 |
1.1 |
1.3 |
^ updated intercept or ^^ previously reported.
During the 2nd Quarter, there were up to eight diamond drill rigs in operation and an additional 15,342 metres of drilling was completed in 11 drill holes, with all drill holes intersecting mineralization (except for two dedicated geotechnical holes). Since Newcrest acquired its interest in the joint venture 111 drill holes, for a total of 136,631 metres of drilling, have been completed. The planned exploration program includes approximately 50,000 metres of drilling this year.
Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the 2020 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.
Cross section and plan view maps are available on imperialmetals.com.
About Imperial
Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry copper mines in British Columbia.
Company Contacts
Brian Kynoch | President | 604.669.8959
Darb Dhillon | Chief Financial Officer | 604.488.2658
Jim Miller-Tait | Vice President Exploration | 604.488.2676
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations with respect to the current and planned drilling programs at Red Chris, including plans to define the extent and continuity of the mineralization in the East Ridge Zone and statements regarding the potential to increase the mineral resources at the Red Chris mine site.
In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements. Such information is given only as of the date of this news release. The Company does not assume any obligation to update its forward-looking information to reflect new information, subsequent events or otherwise, except as required by law.
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
ANGLO AMER ADR (NGLOY) is a stock many investors are watching right now. NGLOY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 7.05, while its industry has an average P/E of 8.21. Over the past year, NGLOY's Forward P/E has been as high as 12.90 and as low as 5.86, with a median of 8.49.
Another valuation metric that we should highlight is NGLOY's P/B ratio of 2.15. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.37. Within the past 52 weeks, NGLOY's P/B has been as high as 2.32 and as low as 1, with a median of 1.52.
These figures are just a handful of the metrics value investors tend to look at, but they help show that ANGLO AMER ADR is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NGLOY feels like a great value stock at the moment.
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A drive by mining companies to hire more women has stalled, leaving the industry as one of the world’s most male-dominated professions and exacerbating a looming recruitment crisis in many key roles.
MONTREAL, June 09, 2021 (GLOBE NEWSWIRE) — (TSX-V: GMN) GobiMin Inc. held its Annual General Meeting on June 9 2021. All matters placed before the shareholders were approved. The current members of the board, comprised of Messrs. Felipe Tan, Joyce Ko, Duncan Hancock, Hubert Marleau, Dominic Cheng, Maxime Lemieux and Ma Jianqing were re-elected as directors of the Company.
For further information, please contact:
Felipe Tan, Chief Executive Officer |
||
Tel: (852) 3586-6500 |
||
Email: felipe.tan@gobimin.com |
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
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Confirms Dominant Position in the Thunder Bay Silver District
TORONTO, June 10, 2021 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has signed the Definitive Agreement (the “Agreement”) with Romios Gold Resources Inc. (“Romios Gold”; CVE: RG) to acquire an 80% interest and control of an additional 1,870 hectares (4,620 acres) in 87 mining claims covering historic silver properties in the Thunder Bay Silver District. The Agreement succeeds the Letter of Intent entered into by the parties announced on April 27, 2021.
The new claims comprise substantial portions of the historic Victoria Mine and Federal Mine silver properties, plus the Lily of the Valley, Caribou and Cloud Bay prospects.
“This acquisition solidifies Honey Badger Silver’s dominant position in this historic high-grade silver camp and furthers our strategy to create a high-value, high-growth silver company leveraging our regional positioning in world-class silver districts,” said Chad Williams, Executive Chairman.
In consideration for an 80% interest in the project, Honey Badger Silver has agreed to: a) issue shares of the Company to Romios Gold for a value of C$150,000 at a price equal to the volume weighted average price of its common shares, trading on the TSXV for the thirty trading days immediately preceding the date of the transaction’s announcement, subject to the maximum discounted price allowed under the policies of the TSXV and b) free-carry all costs and expenses related to the maintenance and advancement of the project to pre-feasibility. Immediately after completion of the pre-feasibility study, the parties shall enter into a joint venture agreement to continue advancing the project towards commercial production.
In addition, Romios Gold shall grant a right of first refusal to Honey Badger Silver on its 20% remaining interest, post-transaction. If any party is diluted to a 10% or less interest in the joint venture, such party’s interest shall be converted to a 2% net smelter return royalty with an option to buyback half for C$ 2,000,000. For further details, please refer to the aforenoted press release on the Company’s website at www.honeybadgersilver.com.
For more information, please visit our website above, or contact: Ms. Christina Slater at cslater@honeybadgersilver.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Honey Badger Silver Inc.
Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.
Cautionary Note Regarding Forward-Looking Information
This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required.
Vancouver, British Columbia–(Newsfile Corp. – June 10, 2021) – Aftermath Silver Ltd. (TSXV: AAG) (OTCQB: AAGFF) (the "Company" or "Aftermath Silver") is pleased to announce that it has qualified to trade on the OTCQX® Best Market. Aftermath Silver Ltd. upgraded to OTCQX from the OTCQB® Venture Market and begins trading today, June 10, 2021, on OTCQX under the symbol "AAGFF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Burns, Figa & Will, P.C. acted as the company's OTCQX sponsor.
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, they connect a diverse network of broker-dealers that provide liquidity and execution services. They enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
About Aftermath Silver Ltd.
Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The Company's projects have been selected based on growth and development potential.
Berenguela Silver-Copper project. The Company has an option to acquire a 100% interest through a binding agreement with SSR Mining Inc.. The project is located in the Department of Puno, in southern central Peru. On February 25, 2021, the Company filed a NI 43-101 Technical Report (available on SEDAR and on the Company's web page) for the project.
Challacollo Silver-Gold project. The Company has an option to acquire 100% interest in the Challacollo silver-gold project through a binding agreement with Mandalay Resources Corp., see the Company's news release dated June 27, 2019. A NI 43-101 Mineral Resource was released in 2020 and the Company filed a NI 43-101 Technical Report for the project on February 5, 2021.
Cachinal Silver-Gold project. The Company owns a 100% interest, minus one share held by Chilean legal counsel, in the Cachinal project located 2.5 hours south of Antofagasta. On September 16, 2020, the company released a CIM compliant Mineral Resource and accompanying NI 43-101 Technical Report (available on SEDAR and on the Company's web page).
ON BEHALF OF THE BOARD OF DIRECTORS
"Ralph Rushton"
Ralph Rushton
CEO and Director
604-484-7855
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
Certain of the statements and information in this news release constitute "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance, including without limitation, exploration plans at the Company's mineral projects (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking statements. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward‐looking statements. Factors that could cause actual results to differ materially from those in forward‐looking statements include, but are not limited to, changes in commodities prices; changes in expected mineral production performance; unexpected increases in capital costs; exploitation and exploration results; continued availability of capital and financing; and general economic, market or business conditions. In addition, forward‐looking statements are subject to various risks, including but not limited to operational risk; political risk; currency risk; capital cost inflation risk; that data is incomplete or inaccurate. The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors, accessible through Aftermath Silver's profile at www.sedar.com.
There is no certainty that any forward‐looking statement will come to pass and investors should not place undue reliance upon forward‐looking statements. The Company does not undertake to provide updates to any of the forward‐looking statements in this release, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87153
NEW YORK, June 10, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Aftermath Silver Ltd. (TSX-V: AAG; OTCQX: AAGFF), a Canadian junior exploration company focused on silver, has qualified to trade on the OTCQX® Best Market. Aftermath Silver Ltd. upgraded to OTCQX from the OTCQB® Venture Market.
Aftermath Silver Ltd. begins trading today on OTCQX under the symbol "AAGFF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Burns, Figa & Will, P.C. acted as the company's OTCQX sponsor.
About Aftermath Silver Ltd.
Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The Company's projects have been selected based on growth and development potential.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.
GOLDEN, Colo., June 10, 2021 (GLOBE NEWSWIRE) — Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) is pleased to announce initial results from its ongoing expansion drill program at its Rodeo open pit gold mine in Durango State, Mexico.
The Company announced in March 2021 it was beginning a program encompassing approximately 2,000 meters of exploration drilling at selected near-surface targets located immediately adjacent to the current open pit, as well as additional near-site surface targets. The program is being conducted to outline possible extension of the life of the Rodeo mine well beyond the currently estimated life of around 2.5 years. To date the exploration program has drilled 606 meters through the first ten holes.
Highlights of the program’s initial results include the following:
RDO_021_009
14.65m grading 3.94 g/t Au and 8.0 g/t Ag including
9.30m grading 5.38 g/t Au and 9.8 g/t Ag;
3.70m grading 7.02 g/t Au and 21.5 g/t Ag including
0.90m grading 21.09 g/t Au and 50.4 g/t Ag
RDO_021_003
13.75m grading 2.64 g/t Au and 10.5 g/t Ag including
1.60m grading 9.17 g/t Au and 18.5 g/t Ag;
6.35m grading 1.41 g/t Au and 36.4 g/t Ag including
2.70m grading 1.94 g/t Au and 58.5 g/t Ag
RDO_021_010
3.80m grading 2.69 g/t Au and 26.0 g/t Ag including
2.35m grading 3.31 g/t Au and 32.2 g/t Ag
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We are pleased with the first results of the near-pit exploration drilling program, as these intercepts indicate that we should be able to expand the currently modelled high-grade zone to the north. The intercept in hole 10 is a newly discovered zone that is open up and down dip and to the northwest. These encouraging results demonstrate that the current pit can likely be expanded with additional drilling which could lead to an increase in the life of mine.”
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c6d60e47-7231-41b7-b890-8e27b20f4980
Note: Historic drill holes are not shown in the location map. Prior drilling is at about a 25-meter spacing throughout the high-grade mineralized area.
The continuation of the exploration program will include additional near-pit targets, as well as other surface targets within a few hundred meters of the currently planned open pit, with the goal of finding additional high-grade mineralization to extend the life of mine.
Summary assay results are shown as follows:
Hole ID |
From |
To |
Interval |
Au (g/t) |
Ag (g/t) |
ROD_021_001 |
26.40 |
27.00 |
0.60 |
1.09 |
6.9 |
ROD_021_002 |
10.30 |
11.35 |
1.05 |
2.33 |
1.3 |
ROD_021_002 |
22.55 |
24.40 |
1.85 |
1.09 |
4.6 |
ROD_021_003 |
13.75 |
27.50 |
13.75 |
2.64 |
10.5 |
including |
15.70 |
17.30 |
1.60 |
9.17 |
18.5 |
including |
16.35 |
16.85 |
0.50 |
12.20 |
21.2 |
including |
22.65 |
25.60 |
2.95 |
1.10 |
16.5 |
ROD_021_003 |
40.45 |
46.80 |
6.35 |
1.41 |
36.4 |
including |
40.45 |
43.15 |
2.70 |
1.94 |
58.5 |
ROD_021_003 |
61.70 |
62.25 |
0.55 |
1.20 |
150.0 |
ROD_021_004 |
13.05 |
14.15 |
1.10 |
1.28 |
2.6 |
ROD_021_004 |
21.00 |
23.35 |
2.35 |
1.53 |
7.5 |
ROD_021_004 |
27.75 |
30.50 |
2.75 |
1.89 |
19.1 |
ROD_021_004 |
32.40 |
33.90 |
1.50 |
0.99 |
10.1 |
ROD_021_004 |
44.55 |
45.35 |
0.80 |
5.26 |
128.0 |
ROD_021_005 |
No Significant Results |
||||
ROD_021_006 |
20.90 |
21.55 |
0.65 |
1.08 |
8.8 |
ROD_021_006 |
34.85 |
35.80 |
0.95 |
1.88 |
13.4 |
ROD_021_007 |
8.40 |
9.70 |
1.30 |
1.22 |
3.1 |
ROD_021_008 |
34.20 |
39.05 |
4.85 |
1.18 |
5.9 |
ROD_021_008 |
41.40 |
42.60 |
1.20 |
1.25 |
2.9 |
ROD_021_008 |
52.55 |
56.50 |
3.95 |
1.71 |
14.7 |
including |
54.55 |
55.50 |
0.95 |
2.83 |
23.1 |
ROD_021_008 |
61.10 |
62.40 |
1.30 |
1.60 |
15.5 |
ROD_021_008 |
69.90 |
71.10 |
1.20 |
1.40 |
13.3 |
ROD_021_009 |
0.00 |
14.65 |
14.65 |
3.94 |
8.0 |
including |
0.00 |
9.30 |
9.30 |
5.38 |
9.8 |
including |
0.00 |
5.50 |
5.50 |
6.36 |
11.7 |
including |
0.00 |
3.95 |
3.95 |
7.74 |
12.9 |
including |
0.00 |
0.60 |
0.60 |
17.35 |
9.9 |
including |
3.40 |
3.95 |
0.55 |
10.90 |
23.5 |
ROD_021_009 |
15.70 |
18.45 |
2.75 |
1.52 |
10.9 |
ROD_021_009 |
23.90 |
27.60 |
3.70 |
7.02 |
21.5 |
including |
25.75 |
26.65 |
0.90 |
21.09 |
50.4 |
ROD_021_009 |
28.70 |
30.70 |
2.00 |
1.38 |
25.2 |
ROD_021_009 |
33.15 |
33.70 |
0.55 |
3.84 |
27.9 |
ROD_021_010 |
16.95 |
18.40 |
1.45 |
1.11 |
10.6 |
ROD_021_010 |
24.40 |
24.70 |
0.30 |
1.78 |
7.5 |
ROD_021_010 |
27.95 |
28.65 |
0.70 |
1.08 |
5.4 |
ROD_021_010 |
55.40 |
59.20 |
3.80 |
2.69 |
26.0 |
including |
55.40 |
57.75 |
2.35 |
3.31 |
32.2 |
Note: Estimated true widths range from 70% to 90% of drilled widths depending on dip of the vein and inclination of the hole. Intervals and grades have been rounded to either one or two decimal places.
About Rodeo
Rodeo is a gold-silver open pit mine located in Durango State, Mexico. Production began in January 2021, with material being trucked to the Company’s oxide mill at the Velardeña Properties located around 115 kilometers away via road. Rodeo’s current expected life per the terms of an independently prepared, NI 43-101-compliant Preliminary Economic Assessment (April 2020) is 2.5 years.
Review by Qualified Person and Quality Control
The technical contents of this press release have been reviewed by Aaron Amoroso, a Qualified Person for the purposes of NI 43-101. Mr. Amoroso has over 13 years of mineral exploration and mining industry experience and is a Qualified Person member of the Mining and Metallurgical Society of America (QP Geology & Ore Reserves, 01548QP).
To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that monitors the chain of custody of samples and includes the insertion of blanks, duplicates, and reference standards in each batch of samples. Core is photographed and sawn in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory in Chihuahua or Zacatecas, Mexico. Prepared samples are direct shipped to an ISO 9001:2001 certified laboratory in Canada.
About Golden Minerals
Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on operations at its Rodeo property in Mexico, advancing its Velardeña property in Mexico and, through partner-funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Argentina, and Nevada.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation, including statements regarding expectations surrounding the potential expansion of the currently-modelled high-grade zone and the possibility of extending the life of mine at Rodeo. These statements are subject to risks and uncertainties, including the reasonability of the economic assumptions at the basis of the Rodeo Preliminary Economic Assessment and technical report and the other economic projections of the Rodeo mine; changes in interpretations of geological, geostatistical, metallurgical, mining or processing information; interpretations of the information resulting from exploration, analysis or mining and processing experience; fluctuations in exchange rates and changes in political conditions, tax, royalty, environmental or other laws in Mexico; fluctuations in silver or gold prices; and the timing duration and overall impact of the COVID-19 pandemic, including the potential future re-suspension of non-essential activities in Mexico, including mining. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
For additional information please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060
SOURCE: Golden Minerals Company
TSX: GPR | NYSE American: GPL
VANCOUVER, BC, June 10, 2021 /PRNewswire/ – Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company"), a growing gold and silver producer focused on the Americas, reports that all proposed resolutions were passed at its Annual General Meeting (the "Meeting"), held on June 9, 2021, via virtual webcast.
A total of 119,910,686 common shares of the 355,399,779 common shares outstanding were voted, representing 33.74% of the issued and outstanding common shares of Great Panther. Shareholders voted in favour of all items of business before the Meeting, including the election of all directors as follows:
NUMBER OF SHARES |
PERCENTAGE OF VOTES CAST |
|||
FOR |
WITHHELD |
FOR |
WITHHELD |
|
David Garofalo |
35,961,242 |
30,715,292 |
53.93% |
46.07% |
Trudy M. Curran |
64,370,506 |
2,306,029 |
96.54% |
3.46% |
Joseph Gallucci |
64,344,861 |
2,331,673 |
96.50% |
3.50% |
Alan Hair |
64,646,566 |
2,029,968 |
96.96% |
3.04% |
Robert Henderson |
64,678,075 |
1,998,459 |
97.00% |
3.00% |
John Jennings |
64,305,757 |
2,370,777 |
96.44% |
3.56% |
Elise Rees |
64,274,383 |
2,402,151 |
96.40% |
3.60% |
Kevin J. Ross |
64,235,221 |
2,441,313 |
96.34% |
3.66% |
Dana Williams |
64,249,294 |
2,427,240 |
96.36% |
3.64% |
In addition, shareholders voted 94.64% in favour of setting the number of directors at nine and 95.20% in favour of appointing KPMG LLP as auditors.
ABOUT GREAT PANTHER
Great Panther is a growing gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil, Mexico and Peru that includes three operating gold and silver mines, four exploration projects, and an advanced development project. Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio. Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.
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SOURCE Great Panther Mining Limited
Hecla Mining Company’s (NYSE:HL) President and CEO, Phillips S. Baker, Jr., will present at the John Tumazos Very Independent Research, LLC Conference on Tuesday, June 15, 2021, at 11:00 a.m. (ET). A webcast of the presentation will be available at https://attendee.gotowebinar.com/register/8849280110793077008. A PDF of the presentation will be available on the Company’s website at www.hecla-mining.com.
ABOUT HECLA
Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.
Category: Press Release
View source version on businesswire.com: https://www.businesswire.com/news/home/20210610005151/en/
Contacts
Jeanne DuPont
Senior Communications Coordinator
800-HECLA91 (800-432-5291)
Investor Relations
Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com
Vancouver, British Columbia–(Newsfile Corp. – June 10, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC PINK: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report the first assay results from the URU zone, at CESAR North, within the wholly-owned CESAR copper-silver project in North Eastern Colombia (refer to Figures 1 to 4).
Fifteen rock chip channels over widths of 10-metres, along 4-kilometres of strike, returned values greater than over 1% copper, highlight values of 5.7% copper and 14 g/t silver.
Highlights of the URU Zone Assay Results:
4.3% copper and 8 g/t silver over widths of 10-metres (876065)
3.6% copper and 12 g/t silver over widths of 10-metres (876687)
3.0% copper and 6 g/t silver over widths of 10-metres (876685)
2.2% copper and 5 g/t silver over widths of 10-metres (876064)
2.0% copper and 1 g/t silver over widths of 10-metres (876097)
1.9% copper and 1 g/t silver over widths of 10-metres (876072)
1.9% copper and 9 g/t silver over widths of 10-metres (876067)
The newly discovered URU zone now spans over 4-kilomtre by 1-kilometre, and open in all directions, lying along the southern portion of the 80-kilometre-long CESAR North copper-silver belt. The URU mineralization is hosted in a stockwork within igneous host rock that crosscuts sediment-hosted stratabound mineralization.
Observed minerals include chalcocite, native copper, cuprite and copper oxides. Epidote is also common and appears to be associated with copper mineralization (refer to Figure 5).
"Max's in-country team has now identified five potential deposits along the CESAR North 80-kilometre zone, demonstrating a continuous trend of copper mineralization," commented Max CEO, Brett Matich.
"The second phase exploration programs have now commenced on the URU and CONEJO zones," he continued.
"World demand for copper continues to increase and is the key metal for the "green revolution's" move to electric vehicles, solar, wind and clean power grid infrastructure. Combined with copper's declining reserve base, exploration for copper to replace depleting reserves is essential. Due to the potential district scale of CESAR, Max is well positioned to take advantage of the copper shortfalls," he concluded.
Figure 1. URU copper-silver mineralized outcrops.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3834/87161_af77e59964fbe9ed_002full.jpg
Figure 2. URU location.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3834/87161_af77e59964fbe9ed_003full.jpg
Figure 3. URU sample locations.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/3834/87161_af77e59964fbe9ed_004full.jpg
Figure 4. URU Section (Figure 3. A – A')
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/3834/87161_af77e59964fbe9ed_005full.jpg
Figure 5. URU copper-silver mineralization
To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/3834/87161_af77e59964fbe9ed_006full.jpg
Max interprets the sediment-hosted stratabound copper-silver mineralization of the Cesar Basin to be analogous to the Kupferschiefer Basin in Poland. The Kupferschiefer deposits, Europe's largest copper source, produced 3MT of copper in 2018 and 40 million ounces of silver in 2019 from an orebody 0.5 to 5.5-metres thick, grading 1.49% copper and 48.6 g/t silver. This silver yield is almost twice the production of the world's second largest silver mine.
Source: World Silver Survey 2020 and Kupferschiefer Deposits & Prospects in SW Poland, September 27, 2019. Max cautions investors that the presence of copper-silver mineralization at Kupferschiefer is not necessarily indicative of similar mineralization at CESAR.
https://www.maxresource.com/images/news/mxr_20210610-fig1.jpg
https://www.maxresource.com/images/news/mxr_20210610-fig2.jpg
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CESAR COPPER-SILVER PROJECT IN COLOMBIA – OVERVIEW
CESAR, is located along the 200-kilometre-long Cesar Basin in North Eastern Colombia, has now been demonstrated to contain widespread highly prospective copper-silver mineralization.
This region enjoys major infrastructure as a result of oil & gas and mining operations, including Cerrejon, the largest coal mine in Latin America, jointly owned by global miners BHP Billiton, Xstrata and Anglo American (refer to Figure 2).
Due to the district-scale copper-silver prospectivity of the Cesar Basin, Max has implemented a multi-faceted exploration program for 2021:
Advanced Drill Core Analysis and Modelling: ongoing interpretation of seismic sections and analysis of historical drill holes are all being integrated into our structural modelling of the Cesar Basin, in collaboration with Ingeniería Geológica Universidad Nacional de Colombia ("IGUN") in Medellín (January 7, 2021 NR);
Geochemical and Mineralogical: geochemical and mineralogy research programs by the University of Science and Technology ("AGH") of Krakow, Poland. AGH bring their extensive knowledge of KGHM's world renowned Kupferschiefer sediment-hosted copper-silver deposits in Poland to the CESAR project;
Geophysical: Fathom Geophysics is interpreting seismic data, funded by the Company in collaboration with one of the world's leading copper producer;
Proprietary Field Exploration & Techniques: Max's in-country exploration teams continue to target new copper-silver stratabound mineralized zones;
CESAR North 80-kilomtre-long-copper-silver zone (refer to Figure 2):
In 2020, Max identified the AMS (previously named AM South) and AMN (previously named AM North) stratabound copper-silver zones, collectively spanning over 45-km², with highlight values of 0.1 to 34.4% copper and 5.0 to 305.0 g/t silver over intervals ranging 0.1 to 25.0-metres;
In March 2021, the CONEJO discovery, now spanning an area of 3.2-km by 1.6-km and open in all directions. CONEJO returned values above 5.0% copper from 23 rock panels varying from 5.0m by 5.0m to 1.0m by 1.0m, 66 rock panel samples returned values over 1.0% copper (March 24, 2021 NR). Highlight assays above 9% copper and 50 g/t silver:
12.5% copper + 84 g/t silver over 5.0-metre by 5.0-metre
10.5% copper + 50 g/t silver over 3.0-metre by 2.0-metre
10.4% copper + 95 g/t silver over 5.0-metre by 5.0-metre
10.2% copper + 62 g/t silver over 5.0-metre by 5.0-metre
10.0% copper + 80 g/t silver over 5.0-metre by 5.0-metre
8.7% copper + 89 g/t silver over 5.0-metre by 5.0-metre
8.4% copper + 60 g/t silver over 5.0-metre by 5.0-metre
7.9% copper + 21 g/t silver over 5.0-metre by 5.0-metre
7.7% copper + 84 g/t silver over 5.0-metre by 5.0-metre
7.4% copper + 47 g/t silver over 5.0-metre by 5.0-metre
Early April 2021, the URU discovery extends over 4-kilometres, and open in all directions, located 30-km south of CONEJO. Although early stage, URU appears to have scalable potential; Sixteen rock chip channel samples returned over 1% copper with assay values up to 5.7 % copper and 14.4 g/t silver including URU results include:
4.3% copper and 8 g/t silver over widths of 10-metres;
3.6% copper and 12 g/t silver over widths of 10-metres;
3.0% copper and 6 g/t silver over widths of 10-metres;
Late April 2021, Max identified the SP target, which lies along the mid portion of the CESAR North 80-km belt in line with the four previous copper discoveries URU, CONEJO, AMN and AMS. Rock samples were sent to ALS for analysis, with results expected in June and July;
Exploration continues on CONEJO, URU and SP;
CESAR West: Max has initiated a first pass field program to identify copper-silver mineralization along the new CESAR West 180-kilometre-long copper-silver target zone.
QUALIFIED PERSON
The Company's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Tim Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, who serves as a qualified person under the definition of National Instrument 43:101.
ABOUT MAX RESOURCE CORP.
Max Resource Corp. is an Energy Metals and Precious Metals exploration company, engaged in advancing both its district-scale CESAR copper-silver project (100% owned) in Colombia and the newly acquired RT Gold project (100% earn-in) in Peru. Both projects have potential for the discovery of large-scale mineral deposits; both sediment-hosted-type copper-silver in Colombia and high-grade gold porphyry and massive sulfide in Peru.
Max Resource was awarded a Top 10 Ranked Company in the Mining Sector on the TSX Venture 50™ for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020.
For more information visit: https://www.maxresource.com/
TSX Venture 50™ for 2021 video: MAX Resource Corp. (TSXV: MXR) – 2021 TSX Venture 50 – YouTube
For more information visit: www.tsx.com/venture50
For additional information contact:
Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100
*The Venture 50 ranking is provided by TSX Venture Exchange Inc. ("TSXV") for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of this information, and are not responsible for any errors or omissions in or any use of, or reliance on, this information. The Venture 50 program is not an invitation to purchase securities listed on TSX Venture Exchange. TSXV and its affiliates do not endorse or recommend any of the referenced securities or issuers, and this information should not be construed as providing any trading, legal, accounting, tax, investment, business, financial or other advice and should not be relied on for such purposes".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87161
CRANBROOK, BC / ACCESSWIRE / June 10, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL)("EPL" or "Eagle Plains") has mobilized crews to commence drilling on its 100%-owned Donna Project located 60km east of Vernon, B.C.. Eagle Plains is planning a 5-7 hole, 1,500m (5,000') drill program to test for gold and silver mineralization associated with a prominent gold in soil geochemical anomaly delineated at the Gossan Zone and to complete the first-ever drilling in the area of the historical Morgan mine workings. The current program is a continuation of work which was suspended in early October, 2020 due to early onset of winter conditions.
The Donna Property is road-accessible and located within rocks of the prolific Quesnellia Terrane, host to many major B.C. porphyry deposits such as Highland Valley, Gibraltar, Mount Polley, Mount Milligan, Copper Mountain and others. Despite the rich endowment of mineralization in these rocks, the Donna area has seen relatively little exploration activity by industry or government. Placer gold claims overlie many of the creeks draining the Donna Property. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Donna property.
See Donna Regional Projects Map here
The upcoming drilling program planned by Eagle Plains is designed to provide a test of near-surface, high grade precious metal mineralization and to search for signs of deeply buried porphyry-style mineralization.
See Donna Project Summary Map here
The core claims of the Donna property were acquired in 2016 by Eagle Plains with additional tenures subsequently added through staking. Certain claims comprising the property are subject to an underlying 2% royalty. The project area is located in the Monashee Mountains within the source headwaters of the historic Kettle River and Yeoward Creek placer gold camps. The claims lie within one of the largest clusters of anomalous values in gold and typical associated pathfinder elements identified in the British Columbia Regional Geochemical Surveys stream-sediment program carried out in the joint Federal – Provincial programs from 1985 -1990.
The Donna property is underlain by a sequence of marine sediments comprising carbonaceous black argillite, limestone, and volcanic rocks of Permian to Lower Triassic age. Locally these rocks were intruded by stocks and plugs of mafic-intermediate composition. The project area is considered to hold good potential to host intrusive-related gold mineralization.
Since acquiring the property, Eagle Plains has carried out annual systematic exploration including a 470 line-km geophysical survey in 2017 which followed a comprehensive compilation of all historical work. The property boasts a robust GIS database consisting of rock, soil, silt, till, trench and drill-hole results within and adjacent the property area. In July, 2020, EPL completed the purchase of historical crown grants covering workings documented at the St. Paul and Morgan mines (BCMINFILE 082LSE010), which include shafts, tunnels, winzes and an unknown number of open cuts and trenches, as well as a tramline and stamp mill that operated in the early 1900's. Recorded production from the St. Paul and Morgan deposits for the period 1914-1961 total 392 tonnes containing 5,630 grams of gold, 112,406 grams of silver, 3,720 kilograms of lead and 1,258 kilograms of zinc. Various geological reports and government publications report underground sampling returning values ranging from trace quantities to highs of up to 93.9 g/t (2.74 oz/t) gold and 60.3 g/t (1.76 oz/t) silver over a 0.6m sample width. All historical mine workings are currently inaccessible. The previous results were taken directly from the BCMINFILE descriptions and assessment reports filed with the BCEMPR. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work at the Donna property.
No historical drilling activity has been reported on the St Paul/Morgan property. As announced on September 3rd, 2020, Eagle Plains recently completed a 211 line-km airborne magnetometer and radiometric geophysical survey on the property.
Donna project management will be carried out by TerraLogic Exploration Services of Cranbrook, B.C. under the supervision of Jarrod Brown, P.Geo. Drilling activity is expected to take 2-3 weeks to complete.
Charles C. Downie, P.Geo., a "qualified person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a Director of Eagle Plains Resources Ltd., has prepared, reviewed, and approved the scientific and technical disclosure in this news release.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian projects covering a broad spectrum of commodities. Management's focus is to advance its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 37,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.
On behalf of the Board of Directors
"Tim J. Termuende"
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Eagle Plains Resources Ltd.
View source version on accesswire.com:
https://www.accesswire.com/650913/Eagle-Plains-Commences-Drilling-at-100-Owned-Donna-Gold-Project-South-central-British-Columbia
VANCOUVER, BC, June 10, 2021 /CNW/ – Trading resumes in:
Company: Thesis Gold Inc.
TSX-Venture Symbol: TAU
All Issues: Yes
Resumption (ET): 9:30 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions
View original content: http://www.newswire.ca/en/releases/archive/June2021/10/c4127.html
NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) — Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announce today the pricing of its previously announced overnight marketed offering (the “Offering”) and an increase to the size of the Offering to up to $16,000,000 from $12,000,000 due to investor demand by key investors.
The Offering will now be for gross proceeds of up to $10,000,000 for common shares of the Company (the “Non-Flow Through Shares”) at a price of $1.50 per Non-Flow Through Share for the issuance of up to 6,666,666 Non-Flow Through Shares and gross proceeds of up to $6,000,000 for common shares of the Company which qualify as “flow-through shares” pursuant to the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of $1.75 per Flow-Through Share for the issuance of up to 3,428,571 Flow-Through Shares, for combined aggregate gross proceeds of up to $16,000,000. The Flow-Through Shares and the Non-Flow-Through Shares are together, the "Offered Shares".
The Offering will be conducted through a syndicate of agents led by Clarus Securities Inc., and including Cormark Securities Inc., and P.I. Financial Corp (the "Agents"). There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
The Company has granted the Agents an option (the "Over-Allotment Option") to offer for sale up to an additional 15% of the Offered Shares on the same terms, exercisable in whole or in part at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments. The Agents may exercise the Over-Allotment Option in respect of: (i) additional Flow-Through Shares; or (ii) additional Non-Flow-Through Shares; or (iii) any combination of additional Flow-Through Shares and Non-Flow-Through Shares.
The Company expects to: (i) pay the Agents a cash commission (the "Agents' Fee") representing 6% of the gross proceeds raised under the Offering, including any gross proceeds raised upon the exercise of the Over-Allotment Option; and (ii) issue to the Agents non-transferable broker warrants (each, a "Broker Warrant") entitling the Agents to acquire that number of Non-Flow-Through Shares equal to 6% of the total number of Offered Shares sold pursuant to the Offering (including the Over-Allotment Option). Each Broker Warrant will entitle the holder to acquire one Non-Flow-Through Shares at any time for a period of 18 months from the closing date of the Offering at an exercise price equal to the Non-Flow-Through Shares offering price.
The Offering is expected to close on or about June 29, 2021, or such other date as the Company and the Agents may agree. Closing of the Offering is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, such as the approval of applicable securities regulatory authorities and the TSX Venture Exchange.
The Company intends to use the net proceeds of the Offering to fund expenditures at the Company's Ranch Gold exploration project in British Columbia and for general working capital purposes.
The Flow-Through Shares and Non-Flow-Through Shares to be issued under the Offering will be offered by way of a short form prospectus filed in each of British Columbia, Alberta, Ontario, and may be offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and applicable state securities laws, and by private placement to eligible purchasers resident in jurisdictions other than Canada and the United States.
Copies of the Prospectus may be obtained under the Company's profile on SEDAR at www.sedar.com and from Clarus Securities Inc., 130 King Street West, Suite 3640, Toronto, ON M5X 1A9. The Prospectus contains important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus and the other documents the Company has filed on SEDAR at www.sedar.com before making an investment decision.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The Offered Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the Offered Shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Thesis Gold
Thesis Gold is a Vancouver based mineral exploration company focused on proving and developing the resource potential of the 178km2 Ranch Gold Project located in the "Golden Horseshoe" area of northern British Columbia, approximately 300 km north of Smithers, B.C.
Further details are available on the Company's website at: https://www.thesisgold.com/
On behalf of the Board of Directors
Thesis Gold Inc.
"Ewan Webster"
Ewan Webster Ph.D., P.Geo.
President, CEO and Director
For further information or investor relations inquiries, please contact:
Dave Burwell
Vice President
The Howard Group Inc.
Email: dave@howardgroupinc.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915
Nick Stajduhar
Director
Thesis Gold
Telephone: 780-701-3216
Email: nicks@thesisgold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Not for distribution to United States newswire services or for dissemination in the United States
SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU
Feasibility Report to be Supported by Resource Growth Drilling at High-Grade, Near Surface Deposit at PLS
KELOWNA, BC, June 10, 2021 /CNW/ – FISSION URANIUM CORP. ("Fission" or "the Company") is pleased to announce that it will commence its Feasibility Study ("FS" or the "Study") for its' 100% owned PLS high-grade uranium project, in the Athabasca Basin region of Saskatchewan, Canada. The feasibility work will kick-off with Phase 1, comprised of extensive data collection using drilling and other fieldwork. The FS follows the results of the Company's Pre-Feasibility Study detailing an underground-only mining scenario, which has outlined the potential for PLS to be one of the lowest operating cost uranium mines in the world. Phase 1 will commence during June 2021 with completion expected by Q2, 2022. Concurrent with Phase 1 field work, a 25-hole core drill program targeting the R840W Zone, will commence by mid-June. The R840W drill program will aim to upgrade the majority of the R840W resource to Indicated category, which then would have the potential to be included in the resource model used for the FS.
Ross McElroy, CEO for Fission, commented, "The commencement of a Feasibility Study is a major milestone for Fission, and also for the emerging uranium district and its local communities in the Western Athabasca Basin of Saskatchewan, Canada. We have several important advantages heading into the Feasibility stage, including a Pre-Feasibility Study showcasing exceptional potential economics and minimal environmental footprint, extensive environmental data from years of baseline studies, and an unparalleled technical team."
The Feasibility Study will be led by Fission's VP Project Development, Gary Haywood, a professional Mining Engineer with 35 years' experience, including seven years with Cameco as General Manager at the McArthur River and Senior Mine Engineer at the Eagle Point uranium mining operations in Saskatchewan, Canada.
The FS will comprise two Phases: Data collection and assessment (Phase 1) and Design (Phase 2). Phase 2 will use the data collected from Phase 1 to further refine the design of the underground mine, surface infrastructure plans and Tailings Management Facility to be incorporated into the Feasibility Study, and more detailed plans for Phase 2 will be announced in the near future.
For the Phase 1 program, the company has been focussed on optimizing the site surface layout and has made adjustments to the location of the ramp access, waste stockpiles and processing plant – see Map 1 for updated plans.
Phase 1 Activity will Include:
Ramp Access Assessment
Vent Shaft Assessment
Tailings Management Facility "TMF" Assessment
Metallurgical Assessment
Infrastructure Foundation Geotechnical Assessment
Mine Geotechnical Assessment for R780E and R840W Zones
Mine Hydrogeological Assessment
Mine Geochemical Assessment
Feasibility Study Drill Program: Extensive drilling (73 holes in 9,945m) will be carried out for the collection of all required geotechnical, hydrogeological, geochemical and metallurgical data. Four drill rigs will be deployed for this purpose.
R840W Drill Program: Additional Drilling Aimed at Increasing Indicated Resource Used in Feasibility Study: Concurrent to the Phase 1 program, Fission is deploying two core drill rigs to carry out Phase 2 of its resource expansion program (25 holes in 5,830m). This will focus on upgrading the majority of the R840W zone from Inferred to Indicated category. This program is expected to be complete by August 2021 and assay results will be disclosed when received.
Resource Indicated Expansion: R840W Zone
Drilling expected to be completed in Q3, 2021
25 infill holes planned (5,830m)
The R840W zone is located ~500m west of Patterson Lake. It is the 2nd largest of the mineralized zones after the R780E zone and due to its predominantly Inferred resource categorization, is not included in the prefeasibility resource.
At a cut-off of 0.25% U3O8 the R840W has a resource estimate of:
Infill drilling will result in intersection spacing of ~15m x 20m (horizontal / vertical), between holes, which has the potential to convert the majority of the R840W zone to Indicated category and thus the potential to be included in the feasibility study resource.
The R840W drill program follows the encouraging results of a 20-hole (7,148m) successfully completed during the winter 2021 program, which targeted the conversion of Inferred to Indicated on key sections of the R780W zone.
Lead Engineering Firm. In preparation for Phase 2 of the FS, Fission is in the process of selecting a lead engineering firm and will announce its choice once confirmed.
Map 1: Preliminary Site Plan with Key Areas Identified
Inset maps B & C can be viewed at https://fissionuranium.com/projects/triple-r-deposit/maps-triple-r/.
PLS Mineralized Trend & Triple R Deposit Summary
Uranium mineralization of the Triple R deposit at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling over ~3.18 km of east-west strike length in five separated mineralized "zones" which collectively make up the Triple R deposit. From west to east, these zones are: R1515W, R840W, R00E, R780E and R1620E. Through successful exploration programs completed to date, Triple R has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit. The discovery hole was announced on November 05, 2012 with drill hole PLS12-022, from what is now referred to as the R00E zone.
The R1515W, R840W and R00E zones make up the western region of the Triple R deposit and are located on land, where overburden thickness is generally between 55 m to 100 m. R1515W is the western-most of the zones and is drill defined to ~90 m in strike-length, ~68 m across strike and ~220 m vertical and where mineralization remains open in several directions. R840W is located ~515 m to the east along strike of R1515W and has a drill defined strike length of ~430 m. R00E is located ~485 m to the east along strike of R840W and is drill defined to ~115 m in strike length. The R780E zone and R1620E zones make up the eastern region of the Triple R deposit. Both zones are located beneath Patterson Lake where water depth is generally less than six metres and overburden thickness is generally about 50 m. R780E is located ~225 m to the east of R00E and has a drill defined strike length of ~945 m. R1620E is located ~210 m along strike to the east of R780E, and is drill defined to ~185 m in strike length.
The Company completed and filed a prefeasibility "PFS" study on November 07, 2019 titled "Pre-Feasibility Study on the Patterson Lake South Property Using Underground Mining Methods, Northern Saskatchewan, Canada". The report summarizes the Pre-Feasibility Study ("UG PFS"), which outlines an underground-only mining scenario for PLS which to date has only considered the R00E and R780E zones. Further work, including additional drilling may provide sufficient data for future inclusion of the R1515W, R840W and R1620E zones into the Feasibility Study mine plan.
Mineralization along the Patterson Lake Corridor trend remains prospective along strike in both the western and eastern directions. Basement rocks within the mineralized trend are identified primarily as mafic volcanic rocks with varying degrees of alteration. Mineralization is both located within and associated with mafic volcanic intrusives with varying degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite. The graphitic sequences are associated with the PL-3B basement Electro-Magnetic (EM) conductor.
Patterson Lake South Property
The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes the nearby NexGen Arrow deposit located 3km to the east and UEX-Areva Shea Creek discoveries located 50km to the north.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol., President and CEO for Fission Uranium Corp., a qualified person.
About Fission Uranium Corp.
Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit – and is headquartered in Kelowna, British Columbia. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."
ON BEHALF OF THE BOARD
"Ross McElroy"
Ross McElroy, President and CEO
Cautionary Statement:
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: risks related to the Offering, risks related to Fission's limited business history, risks related to the nature of mineral exploration and development, discrepancies between actual and estimated mineral resources, risks related to uranium market price volatility, risks related to the market value of the common shares of Fission, risks related to market conditions, risks related to the novel coronavirus (COVID-19) pandemic, including disruptions to the Company's business and operational plans, risks related to the global economic uncertainty as a result of the novel coronavirus (COVID-19) pandemic and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
SOURCE Fission Uranium Corp.
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Vancouver, British Columbia–(Newsfile Corp. – June 10, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has received an exploration permit for its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project"). Gibbons Creek consists of seven mineral claims encompassing 13,864 hectares (34,259 acres), located along the northern margin of the Athabasca Basin immediately west of the community of Stony Rapids, Saskatchewan, in a region hosting multiple uranium occurrences.
2021 Exploration Plan
The Gibbons Creek exploration permit, good to October 2022, allows for a 5,000-metre drilling program in up to 20 holes along with ground-based geophysics, prospecting and geochemical sampling. Access to the Project is year-round, thereby creating a flexibility for either summer or winter exploration programs.
ALX reviewed its extensive archive of geophysical and geochemical data from historical work to identify new target areas at Gibbons Creek. Several geophysical conductors at the Project identified by airborne and ground geophysics have not yet been drill tested. ALX plans to carry out a Spatiotemporal Geochemical Hydrocarbons ("SGH") soil geochemistry survey over the untested conductors to determine the most prospective areas for drilling. SGH is an analytical method developed by Actlabs of Ancaster, Ontario that is designed to detect subtle geochemical anomalies emanating from a buried source. Work is anticipated to begin in the Third Quarter of 2021 following engagement with First Nations and other local communities.
Actlabs Case Study
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Uranium Showings in the Northern Athabasca Basin
Nisto Mine: Located approximately 30 kilometres east from the centre of Gibbons Creek. Mining first occurred at the Nisto Mine in 1950-51. In 1959, Haymac Mines restarted mining and shipped 500 tons of high-graded ore to the Lorado Mill at Uranium City, SK. One shipment of 106 tons of ore graded 1.6% U3O8 (Source: Saskatchewan Mineral Deposits Index, Mineral Property #1621).
Black Lake Uranium Project ("Black Lake"): Located adjacent to Gibbons Creek. Owned 40% by ALX, with UEX Corporation ("UEX") holding a 51.426% interest and Orano Canada Inc. holding an 8.574% interest. Following the discovery of uranium mineralization in 1998 by Uranerz Exploration and Mining, UEX intersected 0.69% U3O8 over 4.4 metres in 2004 drill hole BL-18, which led to over a decade of follow-up exploration, including 142 additional drill holes. Multiple mineralized intersections were encountered at Black Lake along a graphitic fault system since the uranium discovery in hole BL-18 (see ALX news release dated July 31, 2017).
Fond du Lac Uranium Deposit: Located approximately 70 kilometres west of the Project near the south shore of Lake Athabasca. The Fond du Lac uranium deposit was discovered in 1970 by Camok Ltd., a predecessor company of Orano Canada Ltd. after tracing radioactive boulders to their source area and grid drilling. A shallow, historical resource was calculated in 1970 by Camok Ltd. of 990,000 pounds (450,000 kilograms) at an average grade of 0.25% of U3O8 but was never advanced further (Source: Saskatchewan Mineral Deposits Index, Mineral Property #1572. This historical resource is not compliant with the standards of National Instrument 43-101, has not been verified by ALX's Qualified Person and is included for information purposes only.)
About Gibbons Creek
The Project is complemented by the infrastructure provided at Stony Rapids, SK, including all-weather Highway 905, a commercial airport, equipment rentals and supplies, as well as readily available accommodation, therefore providing high efficiencies for exploration. Exploration by ALX and its predecessor company Lakeland Resources Ltd. has discovered the following indicators of uranium mineralization:
Prospecting in 2013 confirmed the presence of high-grade uranium-bearing boulders ranging up to 4.28% U3O8;
Radon surveys in 2015 detected an anomaly approximately 1,200 metres by 500 metres in size with peak radon values ranging between 4.00 picocuries per square metre per second ("pCi/m2/sec") and 10.77 pCi/m2/sec at ten locations, which are among the highest recorded radon values in the Athabasca Basin;
Historical drill hole GC15-03 intersected 0.13% U3O8 over 0.23 metres, within a 1.1 metre interval of 333.8 parts per million uranium, immediately below the sub-Athabasca unconformity;
Spectroscopic analysis of core samples from ALX's 2015 drilling detected clay alteration products such as illite and sudoite (a unique form of chlorite associated with uranium mineralization) in the sandstone at or near the unconformity, which suggests that hydrothermal alteration has occurred in the vicinity of the drill hole;
Geophysical conductors defined by a 2017 airborne ZTEM survey remain to be tested; and
In 2020, ALX carried out surface prospecting on the Star Gold and PGE showing in the northern part of the Project and collected grab samples from outcrop ranging up to 3.58 grams/tonne gold, 122 parts per billion ("ppb") platinum and 412 ppb palladium.
NationaI Instrument 43-101 Disclosure
The technical information in this news release has been reviewed and approved by Sierd Eriks, P.Geo., President and Chief Geologist of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Geochemical results for surface samples collected by ALX in 2020 were analyzed at the Saskatchewan Research Council in Saskatoon, SK by Inductively Coupled Plasma Mass Spectrometry (ICP-MS). Gold, platinum and palladium were analyzed by fire assay techniques.
Historical geochemical results and geological descriptions quoted in this news release were taken directly from assessment work filings and summary reports published by the Government of Saskatchewan. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by its Qualified Person, but create a scientific basis for ongoing work in the Gibbons Creek area. Management further cautions that past results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX's mineral properties.
About ALX
ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF". ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include gold, nickel, copper, and uranium projects. The Company uses the latest exploration technologies and holds interests in over 200,000 hectares of prospective lands in Saskatchewan and Ontario, stable Canadian jurisdictions that collectively host the highest-grade uranium mines in the world, and offer a significant legacy of production from gold and base metals mines.
ALX owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada, who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Vixen Gold Project, the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, and in the Draco VMS Project in Norway. ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the prolific Patterson Lake Corridor, with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project, a joint venture with UEX Corporation and Orano Canada Inc., and a 100% interest in the Gibbons Creek Uranium Project.
For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com
On Behalf of the Board of Directors of ALX Resources Corp.
"Warren Stanyer"
Warren Stanyer, CEO and Chairman
FORWARD-LOOKING STATEMENTS
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include: the Gibbons Creek Project ("Gibbons Creek") is prospective for uranium, gold, and PGE mineralization; the Company's plans to undertake exploration activities at Gibbons Creek, and expend funds on Gibbons Creek. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration at Gibbons Creek, including drilling; our initial findings at Gibbons Creek may prove to be unworthy of further expenditure; commodity prices may not support exploration expenditures at Gibbons Creek; and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop Gibbons Creek, and even if uranium or other metals or minerals are discovered in quantity, the project may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Three Months Ended March 31, 2021, which is available under the Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87136
VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) — International Consolidated Uranium Inc. (“CUR” or the “Company”) (TSXV: CUR) is pleased to announce that it has engaged Mars Investors Relations Inc. (“Mars”), a full services investor relations and consulting services company focused on the junior metals and mining sector. Mars will provide a full suite of investor relations services to the Company including strategic messaging, investor targeting and outreach as well as corporate communications services including digital marketing, social media and branding.
Philip Williams, President and CEO commented “As we grow CUR, the investor relations and corporate communications function has become a key area we intend to focus on as it relates to communicating with existing shareholders and engaging with potential new investors. We are excited to work with the dynamic team at Mars who has deep expertise in the metals and mining sector and specific uranium experience.”
Under the terms of the engagement agreement (the “Agreement”), the Company has agreed to pay Mars a fee of $5,000 per month for the first two months, followed by a fee of $15,000 per month on a month-to-month basis and has granted Mars 150,000 stock options (the “Mars Options”) pursuant to the Company’s long-term omnibus incentive plan. Each option entitles Mars to acquire one CUR common share at an exercise price of $2.23 per share for a period of five years. To the knowledge of the Company, Mars and/or its affiliates currently hold 55,556 common shares of the Company, however Mars may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. Mars is at arm’s length to CUR and has no other relationship with CUR, except pursuant to the Agreement. The Agreement and the grant of the Mars Options thereunder are subject to the approval of the TSX Venture Exchange.
The Company has also granted stock options to certain officers, directors and consultants of the Company to purchase a total of 825,000 common shares pursuant to the Company's long-term omnibus incentive plan. The options are exercisable at a price of $2.23 per common share for a period of five years and are subject to the approval of the TSX Venture Exchange.
About International Consolidated Uranium
International Consolidated Uranium Inc. (TSXV: CUR) is well financed to execute its strategy of consolidating and advancing uranium projects around the globe. The Company has acquired a 100% interest or has entered into option agreements to acquire a 100% interest in seven uranium projects, in Australia, Canada, and Argentina, each with significant past expenditures and attractive characteristics for development. CUR has entered into option agreements with Mega Uranium Ltd. (TSX: MGA) to acquire a 100% interest in the Ben Lomond and Georgetown uranium projects in Australia; with IsoEnergy Ltd. (TSXV: ISO) to acquire a 100% interest in the Mountain Lake uranium project in Nunavut, Canada; with a private individual to acquire a 100% interest in the Moran Lake uranium and vanadium project in Labrador, Canada; and with U3O8 Corp. (TSXV: UWE.H) to acquire a 100% interest in the Laguna Salada uranium and vanadium project in Argentina. CUR has also acquired a 100% interest in the Dieter Lake uranium project and entered into an agreement to acquire a 100% interest in the Matoush uranium project, both in Quebec, Canada. The option agreement with IsoEnergy for Mountain Lake and the option agreement with U3O8 Corp. for Laguna Salada both remain subject to regulatory approval.
Philip Williams
President and CEO
International Consolidated Uranium Inc.
+1 778 383 3057
pwilliams@consolidateduranium.com
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
Dieppe, New Brunswick–(Newsfile Corp. – June 10, 2021) – Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that its earn-in partner Silver Spruce Resources (TSXV: SSE) has reported that commencement of a Phase 2 ground exploration program on the 1,130-hectare Jackie Gold & Silver Property will begin tomorrow (June 11th, 2021).
The Phase 2 exploration program will concentrate around an exploration target with promising gold and silver assay results recently reported from the Phase 1 prospecting and rock sampling program. The geological work will be carried out on a 100-hectare section of the property with grid-controlled detailed mapping and rock sampling focused on a 25-hectare central block covering the core of the gold and silver discovery area with additional mapping and sampling of the surrounding area. (See illustration 1 below)
Illustration 1: Phase 2 grid sampling area on Phase 1 geochemistry
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The newly discovered area includes an exposure of intense oxidation and argillic alteration (see Illustration 2). Grab samples from this area returned a high value of 9.65 g/t Au and 515 g/t Ag and several samples with > 0.1 g/t Au and anomalous to highly anomalous base metal and path finder element values.
Illustration 2: Field and sample pictures of new discovery area
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Silver Spruce is currently in year 1 of a 2 year agreement to earn 50% of the Jackie Gold & Silver Project from Colibri. For full details of the agreement please see Colibri news release dated October 15th, 2020.
A six-person team (two senior geologists, two junior geologist and two field assistants) and all necessary logistical support will undertake the Phase 2 exploration program, including rock sampling and geological mapping of known areas exhibiting significant alteration or mineralization, collection of structural data and alteration zoning to assist with vectoring toward potential Phase 3 drilling targets. The team also will investigate several known hyperspectral alteration targets identified from satellite imagery. All aspects of the exploration program will be conducted with strict adherence to COVID-19 protocols for personal safety.
For additional information regarding this exploration program please see Silver Spruce's reciprocal news release dated June 10th, 2021.
Project Background
The Jackie is a promising early stage precious metal project located 175 km east of Hermosillo, Sonora, Mexico. The large grassroots property is located in a very productive region only one to two kilometres south from Colibri's El Mezquite and Diamante properties and is approximately 6 kilometres to the west of Minera Alamos' (TSXV: MAI) Santana project, where the Nicho deposit currently under development and expected to reach commercial production in the near term.
The Jackie Project is located within the western portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending "Sonora Gold Belt" of northern Mexico and parallel to the precious metals-rich Mojave-Sonora Megashear.
The Property is situated. Other nearby large operating mines include Alamos Gold's Los Mulatos gold mine and Agnico Eagle's La India gold mine located 50-60 km to the northeast, Agnico Eagle's Pinos Altos Mine, 95 km southeast and Argonaut's La Colorada Mine, 100 km to the west.
The 1,130-hectare Property is easily accessible from Hermosillo to the Tepoca area and heading south from Mexican Highway #16 or west from Highway #117, or from Ciudad Obregón travelling northeast on Highway #117 and west to the pueblo of La Quema with vehicles and then pack teams along dry river beds, dirt roads and trails. The southerly road from Highway #16 traverses through the centre of the known gold mineralization at El Mezquite only 2 km north of Jackie. High voltage power lines are positioned on Highway #16.
ABOUT COLIBRI RESOURCE CORPORATION:
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in Mexico. The Company has six exploration projects of which five currently have exploration programs being executed or planned for 2021. The flagship Evelyn Gold Project is 100% owned and explored by Colibri. The Company has four additional projects, Pilar Gold & Silver Project (optioned to Tocvan Ventures– CSE: TOC), El Mezquite Gold & Silver Project , Jackie Gold & Silver Project, and the Diamante Gold & Silver Project (50% earn-in agreements with Silver Spruce Resources – TSXV: SSE) are also currently being actively advanced.
For more information about all Company projects please visit: www.colibriresource.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.
For further information:
Ronald J. Goguen, President, Chairperson and Director,
Tel: (506) 383-4274,
rongoguen@colibriresource.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87206
TORONTO, June 10, 2021 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") announces that it has engaged a consultant to provide marketing and advertising and investor awareness services to the Corporation for the purposes of raising awareness about the Corporation and the development of its flagship Ishkoday Project. This news release is made in accordance with the requirements of Policy 3.4 of the TSX Venture Exchange (the "TSXV").
The Corporation retained the services of Dig Media Inc. dba Investing News Network ("INN"), for an investor marketing and advertising campaign. INN has been retained for a 12-month term that expires on March 23, 2022, and at a total cost of CAD$36,000, plus tax. The agreement remains subject to the approval of the TSXV.
INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. Other than the fee disclosed above and an unrelated, prior existing minority holding of 72,000 warrants of LAURION, INN does not have any financial interest, directly or indirectly, in LAURION or its securities, or any right or intent to acquire such an interest.
LAURION's online awareness campaign is intended to help investors and prospective investors discover and learn more information about LAURION and its Ishkoday Project. The awareness campaign will only provide investors and prospective investors with previously disclosed factual information concerning LAURION, which shall be presented in a summarized and fair and balanced manner. The awareness campaign is not intended to prepare the market for any distribution of securities or create any unusual demand for any of LAURION's securities. All investors and prospective investors are encouraged to obtain professional investment advice from a registered professional investment advisor and to fully review all of LAURION's publicly available disclosure filings, which are available on SEDAR (www.sedar.com).
About LAURION Mineral Exploration Inc.
The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 228,052,731 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.
LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km2 Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.
Caution Regarding Forward-Looking Information
This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein including as a result of the TSXV not providing its approval for the aforementioned agreement with INN. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
SOURCE Laurion Mineral Exploration Inc.
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(Bloomberg) — The world’s biggest lithium producer is proceeding with a project to extract more of the battery metal from the brine it pumps up from a Chilean salt flat in a sign of its confidence in the country and global demand.
Albemarle Corp. is introducing a way of extracting more of the lithium that’s normally captured in salts, thereby lifting yields to 80-85% from 50-55%, Chief Executive Officer Kent Masters said in an interview.
The U.S. firm and its biggest rival SQM are expanding in Chile’s giant Salar de Atacama to help meet an expected tripling of demand in an electric-vehicle revolution. At the same time, they’re attempting to limit how much brine they pump and fresh water they use amid growing environmental scrutiny by customers, communities and regulators in a global clean-energy push. The salt flat is in one of the driest places on Earth, where copper mines, communities and tourism also compete for water.
With a budget of less than $200 million, the yield improvement project will take about 18 months to implement and another six months to start hitting sales.
“We’re always looking for ways to maximize our efficiencies at the Salar and at the conversion plants,” Masters said. “This one is actionable, it’s in process, we’re building it today.”
The Charlotte, North Carolina-based company is proceeding with investments in Chile at a time when opposition politicians in the country call for a greater contribution from mining to fund social spending as well as an overhaul of water management and indigenous rights. Ahead of presidential elections in November, Chileans just chose an assembly to write a new constitution that’s comprised mainly of independents and left-wingers.
“The Salar yield is a decision we made now that tells you the confidence we have in Chile as a country,” Masters said. “We’ll know the direction and where things are going before we have to make another big investment decision in Chile.”
Albemarle doesn’t see a big risk for the lithium industry from proposed tax changes in Chile, and is always looking for ways to improve its sustainability “with or without pressure from the government,” he said.
Its Chilean investments are also supported by Albemarle’s upbeat outlook for lithium demand in both the short and long terms, with a recent industry oversupply episode unlikely to be repeated. The company’s looking for additional resources to satisfy demand beyond this decade.
“We feel good, we’re investing to keep up with that growth,” said Masters.
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FMC Corporation FMC has received the U.S. Environmental Protection Agency (EPA) registration for fluindapyr, a new succinate dehydrogenase inhibitor (SDHI) fungicide. It provides an extensive range of activity against a wide range of destructive diseases in row and specialty crops besides turf.
This registration marks the first major regulatory approval for fluindapyr. The company has also submitted for registration of this fungicide in multiple regions, including China, the European Union, Brazil and Argentina.
The grant of these registrations will give global access to this fungicide to farmers, to inhibit various fungal diseases in row crops, including rust diseases, and powdery mildew in specialty crops. There is also evidence suggesting that fluindapyr controls pathogens that are resistant to other chemicals.
Additionally, the U.S. golf course superintendents can address destructive turf diseases such as Bipolaris Leaf Spot, Take-All Root Rot, Large Patch, Anthracnose, Fairy Ring and Dollar Spot with FMC's new Kalida fungicide that is effective in the management of turfgrass diseases to achieve outstanding results. Notably, Kalida is a combination of fluindapyr and flutriafol.
FMC stated that fluindapyr is the outcome of 10 years of research and development. The company is optimistic that its offering of high-performance fluindapyr premixture products will provide growers and golf course superintendents with an effective fungicide with superior performance that is also compatible with the best disease management techniques.
FMC fluindapyr brands will enable growers across the world to provide tailored programs, treat a variety of crops and multiple diseases that often attack the crops at the same time, and export their crops freely.
Shares of FMC have grown 15% in a year compared with the industry’s growth of 50.5%. The estimated earnings growth rate for the current year is pegged at 15.7%.
Image Source: Zacks Investment Research
In the first quarter, the company recorded adjusted earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.52. Revenues were $1,195.6 million for the quarter, decreasing 4% from the year-ago quarter and surpassing the Zacks Consensus Estimate of $1,170.3 million.
For 2021, the company anticipates revenues between $4.9 billion and $5.1 billion. The growth is expected to be driven mainly by volumes and price increases. Moreover, it envisions adjusted EBITDA of $1.32-$1.42 billion for 2021, indicating a 10% rise at the midpoint from the 2020 reported figure.
For second-quarter 2021, revenues are projected in the band of $1.19-$1.26 billion, reflecting an increase of 6% at the midpoint from the prior-year quarter’s reported figure. Adjusted earnings are forecasted in the range of $1.68-$1.88 per share, representing an increase of 3% at the midpoint compared with the prior-year quarter.
FMC Corporation price-consensus-chart | FMC Corporation Quote
Currently, FMC carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space are Cabot Corporation CBT, Dow Inc. DOW and Olin Corporation OLN, each carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Cabot has a projected earnings growth rate of 125.9% for the current year. The company’s shares have soared around 58.8% in a year.
Dow has a projected earnings growth rate of 261.5% for the current year. The company’s shares have jumped roughly 58% in a year.
Olin has a projected earnings growth rate of 473.3% for the current year. The company’s shares have surged 260.3% in a year.
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
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Sociedad Química y Minera de Chile S.A. (NYSE:SQM) shareholders might be concerned after seeing the share price drop 17% in the last quarter. On the bright side the share price is up over the last half decade. Unfortunately its return of 100% is below the market return of 127%.
Check out our latest analysis for Sociedad Química y Minera de Chile
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
Sociedad Química y Minera de Chile's earnings per share are down 2.0% per year, despite strong share price performance over five years.
By glancing at these numbers, we'd posit that the decline in earnings per share is not representative of how the business has changed over the years. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
We doubt the modest 0.5% dividend yield is attracting many buyers to the stock. The revenue reduction of 0.2% per year is not a positive. It certainly surprises us that the share price is up, but perhaps a closer examination of the data will yield answers.
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
Sociedad Química y Minera de Chile is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. You can see what analysts are predicting for Sociedad Química y Minera de Chile in this interactive graph of future profit estimates.
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Sociedad Química y Minera de Chile, it has a TSR of 128% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
It's good to see that Sociedad Química y Minera de Chile has rewarded shareholders with a total shareholder return of 87% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 18% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 1 warning sign for Sociedad Química y Minera de Chile that you should be aware of.
We will like Sociedad Química y Minera de Chile better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) — Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announce today that its previously-announced overnight marketed offering (the “Offering”) of up to $16,000,000 is fully subscribed for total gross proceeds of $18,400,000, including the 15% agents’ option (the “Agents’ Option”) in respect of the Offering.
The Offering will be for gross proceeds of $10,000,000 for common shares of the Company (the “Non-Flow Through Shares”) at a price of $1.50 per Non-Flow Through Share for the issuance of up to 6,666,666 Non-Flow Through Shares and gross proceeds of $6,000,000 for common shares of the Company which qualify as “flow-through shares” pursuant to the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of $1.75 per Flow-Through Share for the issuance of up to 3,428,571 Flow-Through Shares, for combined aggregate gross proceeds of $16,000,000. The Flow-Through Shares and the Non-Flow-Through Shares are together, the "Offered Shares".
The Offering is being conducted through a syndicate of agents led by Clarus Securities Inc., and including Cormark Securities Inc., and P.I. Financial Corp (the "Agents"). There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
The Company expects to: (i) pay the Agents a cash commission (the "Agents' Fee") representing 6% of the gross proceeds raised under the Offering, including any gross proceeds raised upon the exercise of the Over-Allotment Option; and (ii) issue to the Agents non-transferable broker warrants (each, a "Broker Warrant") entitling the Agents to acquire that number of Non-Flow-Through Shares equal to 6% of the total number of Offered Shares sold pursuant to the Offering (including the Agent’s Option). Each Broker Warrant will entitle the holder to acquire one Non-Flow-Through Shares at any time for a period of 18 months from the closing date of the Offering at an exercise price equal to the Non-Flow-Through Shares offering price.
The Offering is expected to close on or about June 29, 2021, or such other date as the Company and the Agents may agree. Closing of the Offering is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, such as the approval of applicable securities regulatory authorities and the TSX Venture Exchange.
The Company intends to use the net proceeds of the Offering to fund expenditures at the Company's Ranch Gold exploration project in British Columbia and for general working capital purposes.
The Flow-Through Shares and Non-Flow-Through Shares to be issued under the Offering will be offered by way of a short form prospectus filed in each of British Columbia, Alberta, Ontario, and may be offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and applicable state securities laws, and by private placement to eligible purchasers resident in jurisdictions other than Canada and the United States.
Copies of the Prospectus may be obtained under the Company's profile on SEDAR at www.sedar.com and from Clarus Securities Inc., 130 King Street West, Suite 3640, Toronto, ON M5X 1A9. The Prospectus contains important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus and the other documents the Company has filed on SEDAR at www.sedar.com before making an investment decision.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The Offered Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the Offered Shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Thesis Gold
Thesis Gold is a Vancouver based mineral exploration company focused on proving and developing the resource potential of the 178km2 Ranch Gold Project located in the "Golden Horseshoe" area of northern British Columbia, approximately 300 km north of Smithers, B.C.
Further details are available on the Company's website at: https://www.thesisgold.com/
On behalf of the Board of Directors
Thesis Gold Inc.
"Ewan Webster"
Ewan Webster Ph.D., P.Geo.
President, CEO and Director
For further information or investor relations inquiries, please contact:
Dave Burwell
Vice President
The Howard Group Inc.
Email: dave@howardgroupinc.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915
Nick Stajduhar
Director
Thesis Gold
Telephone: 780-701-3216
Email: nicks@thesisgold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Not for distribution to United States newswire services or for dissemination in the United States
DENVER, CO / ACCESSWIRE / June 10, 2021 / Solitario Zinc Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) announces results of its Annual General Meeting of Shareholders at which holders of 28,025,417 shares of common stock or 47.96% of the total outstanding shares eligible to vote as of the record date were present in person or by proxy. The three matters identified below were submitted to a vote of the shareholders. Each proposal is more fully described in Solitario's definitive proxy statement filed with the Securities and Exchange Commission dated April 28, 2021.
Election of Directors. Six directors were elected to serve until the next Annual Meeting of Shareholders or until their successors are elected and qualified, with each director receiving the votes (and percentage of shares voting, excluding broker non-votes) below:
Shares voted |
||||||||||||||
Name |
For (%) |
Against |
Withheld |
Broker Non-Votes |
||||||||||
Brian Labadie |
15,633,598 (93.82) |
801,395 |
230,060 |
11,360,364 |
||||||||||
John Labate |
15,759,540 (94.57) |
717,578 |
187,935 |
11,360,364 |
||||||||||
James Hesketh |
14,731,336 (88.40) |
824,704 |
1,109,013 |
11,360,364 |
||||||||||
Christopher E. Herald |
15,420,769 (92.54) |
148,397 |
1,095,887 |
11,360,364 |
||||||||||
Gil Atzmon |
14,738,201 (88.44) |
819,712 |
1,107,139 |
11,360,364 |
||||||||||
Joshua D. Crumb |
14,655,364 (87.95) |
814,657 |
1,195,032 |
11,360,364 |
||||||||||
2. Advisory Vote on Executive Compensation. The shareholders approved the compensation of Solitario's named executive officers with 16,406,401 shares voting for (98.45% of shares voting ), 258,651 shares voting against, and 11,360,364 broker non-votes.
"RESOLVEDTHAT : Solitario shareholders approve the compensation of Solitario's named executive officers, as disclosed in the Company's proxy statement, dated April 28, 2021, pursuant to the compensation disclosure rules of the Securities and Exchange Commission set forth in Item 402 of Regulation S-K, including, but not limited to, the Compensation Discussion and Analysis, the compensation tables, and any related material disclosed in the proxy statement for the 2021 annual meeting."
3. Appointment of Auditors. The appointment of Plante Moran PLLC as Solitario's auditors for fiscal year 2021 was ratified with 27,893,479 shares voting for (99.53% of shares voting) , 48,756 shares voting against, 83,181 shares voting to abstain, and one broker non-votes.
About Solitario
Solitario is an emerging zinc exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario holds 50% joint venture interest in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario recently acquired the early-stage Gold Coin property in Arizona that has potential to host gold mineralization. Solitario's Management and Directors hold approximately 9.6% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$7.6 million. Additional information about Solitario is available online at www.solitariozinc.com.
FOR MORE INFORMATION CONTACT:
Valerie Kimball
Director – Investor Relations
720-933-1150
(800) 229-6827
Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14
SOURCE: Solitario Zinc Corp.
View source version on accesswire.com:
https://www.accesswire.com/651344/Voting-Results-of-Solitario-Annual-Meeting-Held-June-10-2021
VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce the election of Kelvin Dushnisky and Jinhee Magie to the Company’s board of directors (“Board”) following today’s Annual General Meeting of Shareholders (“AGM”).
"We are pleased to welcome Kelvin and Jinhee to our Board," said George Ireland, Chairman of the Board, Lithium Americas. "Their knowledge and experience will be an excellent complement to the Board as we begin the transition from developer to operator."
Kelvin Dushnisky brings more than 25 years of global mining experience, with a focus on execution on strategic priorities. Mr. Dushnisky was the CEO and a member of the Board of Directors of AngloGold Ashanti Ltd. Prior to AngloGold, he was at Barrick Gold Corp. for 16 years, including serving as President and a member of the Board of Directors. Mr. Dushnisky holds a B.Sc. (Hon.) degree from the University of Manitoba and M.Sc. and Juris Doctor degrees from the University of British Columbia. He is a member of the Law Society of British Columbia and the Canadian Bar Association.
Jinhee Magie brings over 25 years of public company experience in senior finance roles, focused on acquisitions and divestitures, public and private equity fundraising and public company reporting. Ms. Magie is currently the Chief Financial Officer and Senior Vice President of Lundin Mining Corporation. Before joining Lundin in 2008, her career started at Ernst & Young, and she was the Director of Corporate Compliance for LionOre Mining International Ltd. Ms. Magie holds a Bachelor of Commerce degree from the University of Toronto and is a Chartered Professional Accountant (CPA, CA).
Election of Board of Directors
Each of the following nine directors proposed by management was elected as a director of Lithium Americas at the AGM. The detailed results are set out below:
Director |
Votes For |
Votes Withheld |
Percent For |
Percent Withheld |
George Ireland |
41,228,351 |
1,877,469 |
95.64% |
4.36% |
Jonathan Evans |
41,093,433 |
2,012,389 |
95.33% |
4.67% |
John Kanellitsas |
41,873,992 |
1,231,828 |
97.14% |
2.86% |
Franco Mignacco |
41,871,233 |
1,234,589 |
97.14% |
2.86% |
Fabiana Chubbs |
42,313,358 |
792,462 |
98.16% |
1.84% |
Xiaoshen Wang |
36,532,104 |
6,573,717 |
84.75% |
15.25% |
Dr. Yuan Gao |
41,447,166 |
1,658,704 |
96.15% |
3.85% |
Kelvin Dushnisky |
42,638,754 |
467,067 |
98.92% |
1.08% |
Jinhee Magie |
42,450,758 |
655,063 |
98.48% |
1.52% |
Final voting results on all matters voted on at the AGM are published on our website at www.lithiumamericas.com/investors/#reports-and-filings and with Canadian and US securities regulators.
ABOUT LITHIUM AMERICAS
Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, United States. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol “LAC”.
For further information contact:
Investor Relations
Telephone: +1-778-656-5820
Email: ir@lithiumamericas.com
Website: www.lithiumamericas.com
Forward-Looking Statements and Information
This news release contains “forward-looking information” and “forward-looking statements” (which we refer to collectively as forward-looking information) under the provisions of applicable securities legislation. All statements, other than statements of historical fact, are forwarding-looking information. Examples of forward-looking information in this news release include: the Company’s expected transition from developer to operator, assuming the successful development of the Caucharí-Olaroz and Thacker Pass projects; the completion of construction and commencement of production at such projects; and the Company’s ability to successfully fund development of the Thacker Pass project.
Forward-looking information may involve known and unknown risks, assumptions and uncertainties which may cause the Company’s actual results or performance to differ materially. This information reflects the Company’s current views with respect to future events and is necessarily based upon a number of assumptions that, while considered reasonable by the Company today, are inherently subject to significant uncertainties and contingencies. These assumptions include, among others, the Company’s ability to fund, advance and develop the projects in which it holds an interest to commercial production, including obtaining additional financing as needed; maintenance of a positive business relationship with project partners (including projects under co-ownership arrangements); uncertainties related to receiving and maintaining mining, exploration, environmental and other permits or approvals in Nevada and Argentina; exploration, development and construction costs for the Caucharí-Olaroz and Thacker Pass projects; the accuracy of estimates of mineral resources and mineral reserves, and of development budgets and construction estimates; reliability of technical data; anticipated timing and results of exploration, development and construction activities, including the impact of COVID-19 on such timing; timely responses from governmental agencies responsible for reviewing and considering permitting activities; forecasted demand for lithium, including that such demand is supported by growth in the electric vehicle market; the impact of increasing competition in the lithium business, and LAC’s competitive position in the industry; the outcome and impact of any litigation; general economic conditions; a stable and supportive legislative, regulatory and community environment in the jurisdictions where the Company operates; the impact of COVID-19 on the Company’s business generally, including issues impacting supply chains generally; the expected benefits from prior transactions; and preparation of a development plan and feasibility study for lithium production at the Thacker Pass project.
Forward-looking information also involves known and unknown risks that may cause actual results to differ materially. These risks include, among others, inherent risks in the development of capital intensive mineral projects (including as co-owners); variations in mineral resources and mineral reserves; global demand for lithium; recovery rates and lithium pricing; risks associated with successfully securing adequate financing; changes in project parameters and funding thereof; risks related to the growth of lithium markets and pricing for products thereof; changes in legislation, governmental or community policy; political risk associated with foreign operations; permitting risk, including receipt of new permits and maintenance of existing permits; title and access risk; cost overruns; unpredictable weather and maintenance of natural resources; unanticipated delays; intellectual property risks; currency and interest rate fluctuations; operational risks; health and safety risks; and, general market and industry conditions. Additional risks, assumptions and other factors are set out in the Company’s latest management discussion analysis and annual information form, copies of which are available on SEDAR at www.sedar.com.
Although the Company has attempted to identify important risks and assumptions, given the inherent uncertainties in such forward-looking information, there may be other factors that cause results to differ materially. Forward-looking information is made as of the date hereof and the Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Accordingly, readers are cautioned not to place undue reliance on forward-looking information.
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