Canadian Critical Minerals Inc. (RIINF)

[ThSeeker]

Really Good News: Braveheart Completes Positive Ore Sorting Study at Bull River Mine Project

Calgary, Alberta--(Newsfile Corp. - April 19, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce the completion of an exceptionally positive ore sorting study at its 100% owned Bull River Mine project ("Bull River") near Cranbrook, British Columbia. Braveheart recently sent 206 rock samples from a stockpile of mineralized material consisting of copper, gold and silver at Bull River to the TOMRA Sorting Solutions ("TOMRA") facility in Hamburg, Germany. X-Ray technology ("XRT") was chosen as the most appropriate technique for the Bull River material on the expected differences in atomic densities of copper-bearing material and host rock. 61% of the sampled material was accepted by the sorter and 39% was rejected as non-economic low grade or waste. All samples were subsequently assayed at SGS Canada Inc. in Vancouver, Canada. The ore sorting study was managed by ABH Engineering ("ABH"), a world leader in ore sorting technology assessment and installation.

The rock samples were randomly selected from the top one metre of the surface stockpile. The average sample size was 0.72 kg. The stockpile is comprised of Run of Mine ("ROM") material from the underground workings. The arithmetic mean for all samples was 3.28% Cu, 28.2 g/t Ag and 0.318 g/t Au which significantly exceeds the current Resource for copper and silver. In total, 72 of the 206 grab samples exceeded 3% Cu, 46 samples exceeded 5% Cu and 20 samples exceeded 10% Cu. Of the 72 samples that exceeded 3% Cu, 36 samples exceeded 60 g/t Ag and 11 samples exceeded 100 g/t Ag. It is apparent that higher grade copper and silver values are strongly associated and there appears to be a strong nugget effect within the mineralized material. Gold did not have a strong association with accepted or rejected material. The average grade of the rejected material was 0.17% copper equivalent ("CuEq") which is well below the cut-off grade ("COG") for the current Resource.



The Company does not consider the above referenced assays as indicative of the grade of the mineralized material in the surface stockpile or in the underground Resource. Much of this ROM material originated from 9 level in the underground workings approximately 350 metres below surface. 9 Level has some of the better grades in the Resource.

In October 2013, Moose Mountain Technical Services ("MMTS") completed an independent scoping study on the Bull River Mine. The volume of the surface stockpile of mineralized material was surveyed and estimated to be 80,912 cubic metres. Based on an assumed swell factor of 30% for broken material and a specific gravity ("SG") of 2.65, the calculated tonnage for the stockpile was estimated to be 165,000 tonnes. In October 2020, Braveheart commissioned Align Survey Ltd. of Fernie, BC to complete an independent volumetric estimate of the mineralized material on surface. Their estimate was 85,638 cubic metres which exceeds the MMTS estimate.

Typically, 25% of the broken ROM material that is reporting to the ore sorter will be screened before going through the sorter and this material will become feedstock for the milling operation. Based on MMTS's estimate of 165,000 tonnes in the surface stockpile, 41,250 tonnes of mineralized material will be fines and the remaining 123,750 tonnes will be sent to the sorter. Based on a 39% reduction rate at the sorter, 48,260 tonnes of low grade or waste material will not be milled. Using operating costs of C$40 per tonne for milling, C$10 per tonne for general and administration and C$5 per tonne for rehandle, the milling cost for mineralized material is C$55 per tonne. By not milling the low-grade material, this represents a savings in operating costs of C$2.65 million versus a loss of $902,460 in net smelter values not including the cost of a rental ore sorting unit.

Braveheart has a current NI 43-101 technical report that was authored by Sue Bird P.Eng. of MMTS and titled Bull River Resource Estimate. The report was completed on November 4, 2018 and published on SEDAR on January 23, 2019. The Bull River Mine project has an Indicated Mineral Resource of 2,179,000 tonnes of mineralized material at 1.809% CuEq based on a COG of 1% CuEq. Additionally, the project has an Inferred Mineral Resource of 513,000 tonnes of mineralized material at 1.503% CuEq based on a COG of 0.6% CuEq. Braveheart plans to advance the Bull River mine project in a phased approach wherein the surface stockpile of mineralized material will provide the initial feedstock to an up-graded 700 tonne per day mill. Based on the results of this study, ore sorting could be introduced ahead of the grinding circuit. Ore sorting or pre-concentration of mineralized material has the potential benefits of increasing the mill feed grade which can result in an improved net present value ("NPV") of a mining project. Potential benefits include a lowering of operating costs on a unit basis, a reduction in the volume of fine tailings created through the milling process and the overall volume of material transported to the tailings storage facility, a reduction in power consumption particularly in the grinding circuit and a lower overall environmental impact.

Ian Berzins, President and CEO added "These results are extremely encouraging. The study demonstrates that ore sorting can provide economic benefit if introduced during milling of the surface stockpile. The greater benefit is in mining of the underground Resource of mineralized material that has been pre-developed on seven separate sublevels in the underground workings. Introduction of ore sorting could have a positive impact on the economics of our Bull River project and result in a reduction in the COG for the deposit and a resulting increase in the size of the Resource and an extension of the mine life. Additionally, it may be applicable at our newly acquired Thierry copper, nickel and silver project in Ontario."
https://ceo.ca/@newsfile/braveheart-completes-positive-ore-sorting-study-at

[ThSeeker]

Braveheart Resources Appoints Heather Kennedy as Director

Calgary, Alberta--(Newsfile Corp. - April 5, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") hereby announces the appointment of Heather Kennedy as an independent Director of the Company.

Ms. Kennedy holds a B.Sc. (Honours) in Metallurgical Engineering from Queen's University as well as a Certificate in Tribunal Administrative Justice. She has over 35 years of experience in the mining industry in engineering, operations, major projects, operational excellence, employee and community relations and government relations. Ms. Kennedy held various senior management roles as Vice-President at Suncor Energy Inc. ("Suncor") over an 18-year period. Previously she progressed through engineering, operations and management roles at Fording Coal Ltd over a 15-year period. For more than 20 years, she has contributed to and led the Boards of numerous not-for-profit and community organizations. During her tenure with Suncor, she was seconded to the Government of Alberta as Assistant Deputy Minister, Oil Sands Sustainable Development Secretariat during the period 2007 to 2010. Subsequently, she performed the role of Part-Time Hearing Commissioner with the Alberta Energy Regulator (AER) during the period 2014 to 2019. She is registered as a professional engineer with the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and is a fellow of the Canadian Academy of Engineering.

Heather Kennedy commented: "I am excited to join Braveheart at this time as an independent Director. Braveheart has assembled an impressive suite of properties and I look forward to working with management and the Board in unlocking the value of the assets."

David W. Johnston, Chairman of the Board commented: "We are delighted to welcome Heather Kennedy to our Board given her significant practical experience in the mining industry in mineral processing, project development, government relations and First Nations engagement. Braveheart's top priority remains the restart of our Bull River mine. As we move from explorer to developer to producer, Heather's experience will further strengthen the depth of our Board."

[ThSeeker]

Nice to see this creeping back up

[ThSeeker]

Another buying opportunity this morning. I'll take some thank you.

[ThSeeker]

Braveheart Strengthens Management Team

Calgary, Alberta--(Newsfile Corp. – March 19, 2021) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB:RIINF) ("Braveheart" or the "Company") is pleased to announce the appointment of Manish Grigo as Director of Corporate Development.

Mr. Grigo holds a Bachelor of Commerce from Delhi University as well as a Masters in Business Administration (MBA) from Cardiff University. Additionally, he is a chartered financial analyst. He has over 12 years of experience in research analysis, investor relations and corporate development, having worked in mining, technology and diversified industries.

Ian Berzins, President and CEO commented: “Braveheart’s top priority is restarting our Bull River mine. This will require additional capital to supplement our recently announced loan facility from Ocean Partners. I look forward to working with Manish in the development of our capital markets strategy.”

[ThSeeker]

Correction.

the deal is 54,400,000 shares eliminates $3.6 Million debt and nets them $5.4 Million cash if all warrants are executed.

They are hoping that they get to $.30/share and can force conversion within next 12 months. Lets hope the market rewards what they have been doing. To do that they need to overcome this conic undervaluation we have been dealing with.

[ThSeeker]

ashy2classy Nice deal if the warrants are exercised Braveheart will eliminate the $3.6 Million debt. Plus make $5,400,000 from 27,200,000 warrants at $.20. Thus for 54.4 M shares they net $1.8 M = $5.4 - $3.6M

Is that interpreting the deal correctly?

[ThSeeker]

[ashy2classy]

Forgot about this agreement. Definitely seems positive.

[ThSeeker]

Latest NR just helps confirm my claim that RIINF is very undervalued.
And confirms my buying more this week.

[ThSeeker]

Braveheart to Retire Debt Through Shares for Debt Transaction

Calgary, Alberta--(Newsfile Corp. - March 18, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce that it has reached agreement with 2166687 Alberta Ltd. ("2166687"), holder of a $3.6 million convertible debenture (the "Debenture") of the Company, to retire the Debenture in exchange for the Company's issuance of common shares and warrants. 2166687 is a holding entity for approximately 90 underlying note holders.

The Debenture being settled is convertible into common shares of the Company at a conversion price of $0.30 per share as described in the Company's press release issued on August 14, 2020. In exchange for settlement of the Debenture, the underlying holders will receive units of the Company equivalent to the $3.6 million principal amount of the Debenture less prepaid interest of $64,000 based on a price of $0.13 per unit, for a total of 27,200,000 units. Each unit shall be comprised of one common share and one warrant, with each warrant exercisable into a common share at an exercise price of $0.20 per share for a period of three years. The warrants will have an acceleration clause whereby should the volume weighted average trading price of the common shares of Braveheart exceed $0.30 per share for at least 10 consecutive trading days the warrant holders will receive written notice that the warrants, unless exercised, will expire on the 30th day following notice of the acceleration.

The issuance of common shares and warrants in connection with the settlement of the Debenture is subject to the approval of the TSX Venture Exchange.

Peter Lacey, a Director of 2166687, stated, "We are pleased with the progress that Braveheart is making towards the successful restart of the Bull River Mine project. We are also encouraged by the recent acquisition of the past producing Thierry copper nickel project in Ontario and the negotiation of an offtake concentrate sales agreement with Ocean Partners. This transaction provides debenture note holders with liquidity and represents fair value relative to the strength of the assets and the current share price."

Ian Berzins, President and CEO, commented, "I am pleased that we were able to work closely with the debenture note holders to complete an early conversion of the remaining debenture and eliminate $3.6 million in debt from our balance sheet. Once again, the debenture note holders have converted debt at a price that is higher than our current trading levels, demonstrating their strong support for our projects."

[ThSeeker]

Braveheart Announces Concentrate Offtake Agreement and Stockpile Financing Facility for Bull River Mine

Calgary, Alberta--(Newsfile Corp. - March 17, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce that it has entered into a Concentrate Purchase Agreement (the "Agreement") with Ocean Partners UK Ltd. ("Ocean") for the sale of its copper concentrates (with gold and silver credits) from its Bull River Mine ("Bull River") near Cranbrook, British Columbia. Additionally, Ocean has agreed to provide the Company with a Pre-Payment Financing Facility (the "Facility") against initial proceeds from milling of mineralized material on surface.

The Agreement shall remain in force until Braveheart has delivered 45,000 wet metric tonnes of copper concentrate. Ocean shall have a right of first refusal (the "ROFR") on any remaining production thereafter from Bull River. All other terms and conditions of the Agreement are confidential between the parties. The Facility provides Braveheart with access to up to USD $3,500,000 which can be used for capital expenditures at Bull River including plant commissioning and general working capital purposes. Interest on any amounts drawn from the Facility is at 12-month LIBOR plus 8.75%. The Facility will be treated pari-passu with Braveheart's current secured loan facility with Matlock Farms Inc. Any monies drawn on the Facility will be repaid as a flat deduction per dry metric tonne of concentrate produced. Braveheart may initially draw up to USD $1,000,000 on closing of the Facility less an arrangement fee and expenses associated with due diligence and legal fees. Subsequent draws will be subject to the Company meeting certain conditions precedent including receipt of an operating permit to dispose of tailings, completion of an equity raise to cover any remaining capital requirements to bring Bull River into production and commencement of milling of the surface stockpile. The Facility is closed and the first draw is available subject to security registration.

The Company plans to advance Bull River in a phased approach wherein a surface stockpile of mineralized material will provide the initial feedstock to the upgraded mill facility. Subsequently, the Company plans to mine and mill mineralized material from the underground workings. The Company's decision to continue with upgrades to the surface infrastructure, process mineralized material from the surface stockpile and mine from the underground workings is not based on a comprehensive feasibility study of mineral reserves that would otherwise demonstrate economic viability. There is risk and uncertainty regarding the economic viability of the mineralized material in the surface stockpile and in the underground resource in terms of tonnage, grade, recovery and potential oxidation of the material that was placed on the surface pile approximately 10 years ago. In order to process the surface stockpile, the Company needs to complete capital upgrades on surface including the commissioning of a new substation, installation of a flotation circuit, installation of a filtration circuit and civil works associated with the development of a dry stack or filtered tailings storage facility ("TSF").

Ian Berzins, President and CEO, commented: "Braveheart's top priority is restarting Bull River. With the support of Ocean's Facility, we are positioned to continue with the surface up-grades required to place the mill in position to process mineralized material later this year. The Agreement for sale of concentrates provides us with certainty on the sale of products from the mine."

[ThSeeker]

Buying here again this morning. Love accumulating at this cheap price.
This should be mid $.30's at a minimum NOW. SO $.071 is a wonderful price.

[ThSeeker]

Unbelievably cheap.

[ThSeeker]

Whoa, $.0781. What a buy. Crazy cheap

[ThSeeker]

-Management & insiders with solid ownership

-CuVeraLLC is previous owner & debtor in possession and aligned with
new BHT team

-Moving permitting and resource forward

-Aiming to grow retail & institutional shareholder base in 2021 onwards.

[ThSeeker]

Braveheart Announces New Option Agreement on Alpine Gold Mine Property

Calgary, Alberta--(Newsfile Corp. – March 3, 2021) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB:RIINF) ("Braveheart" or the "Company") is pleased to announce that it has entered into a new option agreement to acquire a 100% interest in the past-producing Alpine Mine Property (“Alpine”) near Nelson, British Columbia. Braveheart previously held an option on the property during the period November 2016 until December 2019. The original option agreement was terminated when the Company failed to make a staged progress payment. Gold (“Au”) prices have significantly improved in recent months with the six-month trailing average exceeding USD$1,800 per ounce. When Braveheart originally entered an option on the property, the price of gold was USD$1,200 per ounce.

Terms of the new option agreement include the following, and are subject to the required approval of the TSX Venture Exchange:

Issuance of 1,000,000 shares of Braveheart on signing to the Optionor.
A cash payment of $100,000 to the Optionor by April 15, 2022.
Property expenditures of approximately $700,000 to complete permitting and construction of an upgraded road to the mine site from Nelson by December 22, 2022.
A cash payment of $1,400,000 to the Optionor by December 15, 2023.
A cash payment of $1,500,000 to the Optionor by December 15, 2024.


Based on historical records, maintained by the BC Ministry of Energy and Mines, Alpine produced approximately 11,460 ounces of Au from 16,800 tonnes of mineralized material between 1938 and 1948 representing a mined grade of 21.2 grams per tonne (“g/t”) or 0.68 ounces per tonne of Au. Historic development includes over 1,650 metres of underground drifts, crosscuts and raises, and the mine is dry.

To date the Company has invested over $1.0 million into the property primarily in terms of diamond drilling from surface. Additionally, the Company commissioned a NI 43-101 Technical Report (“Report”) for Alpine. The Report, which was completed by Giroux Consultants Ltd (“Giroux”) of North Vancouver, BC and TerraLogic Exploration Inc. of Cranbrook, BC, was published on March 6, 2018 and is available on Braveheart’s SEDAR profile at www.sedar.com. Based on a 5.0 g/t Au cut-off grade, Giroux calculated an Inferred Mineral Resource of 268,000 tonnes of mineralized material at a grade of 16.5 g/t Au containing 142,000 ounces of Au.

The key initial recommendations by Giroux for advancing the project are as follows:

Rehabilitation of the current access road between the mine and Nelson of approximately 20 km.
Rehabilitation of the underground workings to complete detailed underground sampling and mapping and refine the current Inferred Mineral Resource.
Application for an initial bulk sample exploration permit of up to 10,000 tonnes of mineralized material.


Braveheart previously determined that Alpine mineralized material is amenable to ore sorting using X-ray transmission technology. Results of this testing was published on August 13, 2018 and is available on Braveheart’s SEDAR profile. During the tests Run of Mine material was upgraded from 14.8 g/t Au to 20.3 g/t Au with 92.8% Au recovery and 33% waste rejection. A composite sample was upgraded from 25.4 g/t Au to 43.2 g/t Au with 81.3% recovery and 52% waste reduction. The Alpine project is approximately 20 km outside of Nelson and 300 km from the Company’s 100% owned Bull River mill facility near Cranbrook, BC. Should the Company move forward with a commercial decision on advancing the Alpine project, a preconcentrated product of mineralized material containing gold could be trucked to Bull River thereby leveraging the use of mining infrastructure that already exists.

Ian Berzins, President and CEO commented: “Braveheart’s primary objective is the advancement of our two 100% owned copper mines, Bull River and Thierry. The addition of Alpine gives us increased metal diversification and significantly increases our insitu gold inventories. Although the project is relatively small in scale at this time, it is within economic trucking proximity to our Bull River mill and could provide a supplementary feed to the mill. Approximately 80% of the gold in the mineralized material from Alpine is gravity recoverable and this thesis would support the addition of a gravity circuit at Bull River.”

[ThSeeker]

Continuing to load up on this dip. Less than .09 for a .40 stock. Sounds like a great risk/reward move to me.

[ThSeeker]

Could not resist adding shares of this undervalued stock. Thankful for this dip

[ThSeeker]

Good looking dip to accumulation more shares.

[ThSeeker]

I know how you feel. It should be closer to $.40 Not sub $.10
And that is being conservative.

[ashy2classy]

Huge numbers. Not sure what it'll take to get this one moving.

[ThSeeker]

Braveheart Files PEA for Thierry Mine Project

Calgary, Alberta--(Newsfile Corp. - February 23, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") has filed a Preliminary Economic Assessment ("PEA") for its newly acquired Thierry Mine Project ("Thierry") near Pickle Lake, Ontario on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com. The PEA was independently prepared by P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario under the supervision of Eugene J. Puritch, P.Eng., FEC, CET and previously announced in a press release on January 14, 2021.

Highlights of the PEA

The PEA is focused solely on mining of the Mineral Resources at the Thierry underground mine. The PEA indicates a 14-year mine plan based on a 4,000 tonne per day underground mining and processing operation.

Life of Mine ("LOM") revenues from net smelter returns are estimated at $2,579 million. LOM cash flow in terms of EBITDA is $1,516 million. Net cash flow of $1,516 million less taxes of $256 million and LOM capital expenditures of $710 million results in an after-tax cash flow of $549 million. The after-tax NPV using a 6% discount rate is estimated at $240 million with an IRR of 19%. LOM operating costs are $1,063 million. Mining costs are estimated at $38.64 per tonne, processing costs are $14.47 per tonne and G&A costs are $5.30 per tonne. Pre-production capital costs are $407 million. The project has a payback of 3.2 years. All costs are in Canadian dollars.

Metal prices are based on long term industry consensus with copper representing the primary contribution to revenues. US metal prices used in the PEA were $3.48/lb Cu, $8.00/lb Ni, $21.00/oz Ag, $1,250/oz Pd, $1,100/oz Pt and $1,600/oz Au. A USD exchange rate of 0.75 is applied.

C1 cash operating costs are US$1.08/lb in CuEq and all-in sustaining costs ("AISC") are US$1.98/lb in CuEq.

Life of mine ("LOM") processing recovers 880,000 tonnes of copper concentrate at 30% Cu. In addition, 157,000 tonnes of nickel concentrate at 8% Ni are recovered resulting in 567,000,000 lbs of payable Cu and 21,000,000 lbs of payable Ni plus minor amounts of silver, palladium, platinum and gold.

The mine plan assumes the potentially extractable tonnage of Measured, Indicated and Inferred Mineral Resources is diluted by 20% and a 90% mine recovery factor is applied. Measured and Indicated Mineral Resources represent 8,131,000 tonnes at 1.46% Cu, 0.18% Ni and 3.7 g/t Ag. Inferred Mineral Resources represent 11,507,000 tonnes at 1.46% Cu, 0.15% Ni and 6.1 g/t Ag. Palladium, platinum and gold do not make material contributions to metal revenues.

The Thierry Project also contains a near surface current Inferred Mineral Resource at the K1-1 Deposit of 53,614,000 tonnes at a grade of 0.38% Cu and 0.10% Ni. Lesser amounts of palladium, platinum, gold and silver occur. The PEA recommends further diamond drilling from surface to expand the current K1-1 Mineral Resource and potentially increase the level of confidence of the Inferred Mineral Resource into either a Measured or Indicated Mineral Resources classification. The PEA references several historical drill holes from a 2011 drilling program by Cadillac Ventures Inc. at the K1-1 Deposit including K11-26 with 806 feet of mineralized material grading 0.37% Cu and 0.09% Ni and K11-28 with 825 feet of mineralized material grading 0.40% Cu and 0.10% Ni.

Ian Berzins, President and CEO of Braveheart commented: "We are extremely pleased with the results of the PEA which is focused solely on the current underground Mineral Resource. There remains excellent potential to increase and upgrade the quality of the near surface mineralization at Thierry particularly at the K1-1 Deposit. Since we first announced the completion of the PEA on January 14, 2021, base metal prices for copper and nickel have significantly increased with copper prices reaching US$4.05 per lb at close of market on Monday February 22, 2021. Braveheart intends to begin a surface drilling program at the K1-1 Deposit in the summer of 2021."

[ThSeeker]

Copper Surges Above $9,000 as Shortfall Concern Spurs Rally

(Bloomberg) -- Copper rose above $9,000 a metric ton for the first time in nine years, taking another step closer to an all-time high set in 2011 as investors bet that supply tightness will increase as the world recovers from the pandemic.

Copper is surging amid a broad rally in commodities from iron ore to nickel, while oil has gained more than 20% this year. The bellwether industrial metal has doubled since a nadir in March, boosted by rapidly tightening physical markets, prospects for rebounding economic growth and the expectation that a years-long era of low inflation in key economies may be ending.

Investors are also piling into copper on a bet that demand will surge in the coming years as governments unleash unprecedented stimulus programs targeting renewable energy and electric-vehicle infrastructure, which will require huge volumes of the metal.

“The list of bullish factors for copper is extremely long,” Max Layton, head of EMEA commodities research at Citigroup Inc., said by phone from London. “A lot of the most bullish developments are really going to play out in the next few months, and therefore we think it’s going to be sooner rather than later that it gets to $10,000.”

In some areas of the physical copper market, supply conditions are the tightest in years and may come under even more pressure as smelters in top consumer China face shrinking profit margins for processing raw ore into refined metal. Copper treatment charges, an indicator of refining margins, are at $45.50 a ton, the lowest since 2012. One leading supplier is considering cutting output, in a potential blow to buyers.

Surging prices are a boost for miners, driving up stock prices and raising the prospect of more blockbuster returns to shareholders. Jiangxi Copper Co., China’s top producer, gained as much as 20% in Hong Kong to the highest level since 2012, while U.S. producer Freeport-McMoRan Inc. closed at the highest since 2014 on Friday.

[ThSeeker]

NIA comments: Copper just broke $4 per lb

and hit $4.04 per lb and Braveheart Resources (TSXV: BHT) owns 100% of two past producing copper projects in Canada. BHT's Bull River Mine Project will likely be one of the next copper projects to enter production in Canada. BHT already has a mill on site as well as seven levels of underground workings providing direct access to its 43-101 copper resource. They are currently in the process of obtaining permitting to process the large above ground stockpile of ore. This is a major possible upcoming catalyst to look forward to.

[ThSeeker]

I believe that target is itself greatly still undervaluing this stock.

[ashy2classy]

Very nice. Thanks!

[ThSeeker]

Couloir Capital Initiates Braveheart Resources coverage BUY price target $0.21

Investment Highlights
• Braveheart Resources Inc. (“BHT”, “the company”) is a base metals explorer with a focus on projects in British Columbia (“BC”) and Ontario. It has two polymetallic-copper mines at the development stage and is targeting near-term production.
• BC Copper Mine with Near-Term Production Restart: At BHT’s Bull River Mine, the company are looking to restart copper production from the existing mining infrastructure, with low-cost cash flow generation being targeted within the calendar year.
• Developed Copper Asset in Pickle Lake: At the Thierry Mine, a historical producer with currently flooded underground workings, BHT has recently announced a positive Preliminary Economic Assessment (“PEA”), further shoring up its development portfolio.
• Flexibility on Debt Servicing: Despite the large debt held by the company, we believe the weak solvency picture is offset by the willingness of creditors to reach agreements with the company and support its mine development.
• Based on our analysis and valuation models, we are initiating coverage on BHT with a BUY rating

[ashy2classy]

There it is. Plenty of shares available to buy on the ask. They were ready. ;o)

[ThSeeker]

The #1 strongest commodity right now is copper, which just hit a new 8-year high this morning of $3.90 per lb.

NIA believes that the #1 highest quality copper exploration project is the Bull River Mine Project of Braveheart Resources (TSXV: BHT).

Amazingly, BHT closed yesterday down to only $0.10 per share. Its relative strength index (RSI) is at an extremely oversold level of 25.57.

[ThSeeker]

Incredible volume

[ashy2classy]

Looks like a pump is happening. See what we can get.

[ashy2classy]

Newsletter needs to pump it again...they should rename themselves to something with copper in the name. Maybe that would attract more attention.

[ThSeeker]

Disappointing day for this stock. So undervalued and still it fell alot. ????

[ThSeeker]

The case for copper

[ThSeeker]

Latest interview
https://www.stockpulse.com/Profile/BHT:CA/Article/6921707286127412

[ThSeeker]

Braveheart Announces Positive Initial Results on Ore Sorting at Bull River Mine Project

Calgary, Alberta--(Newsfile Corp. - February 11, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce positive initial results for the application of ore sorting on the stockpiled mineralized material at its 100% owned Bull River Mine project ("Bull River") near Cranbrook, British Columbia.

Braveheart recently sent samples from a stockpile of mineralized material consisting of copper, gold and silver at Bull River to the TOMRA Sorting Solutions ("TOMRA") facility in Hamburg, Germany. TOMRA designs and manufactures sensor-based sorting technologies for the global mining industry. X-Ray technology ("XRT") was chosen as the most appropriate technique for the Bull River material on the expected differences in atomic densities of copper-bearing material and host rock. Testing is being managed by ABH Engineering ("ABH"), a world leader in ore sorting technology assessment and installation. Brent Hilscher, VP Mineral Processing at ABH, stated: "The exploratory tests for Bull River show an unusually clear density association. The high- and low-grade rocks for this deposit are extremely easy to separate with an XRT system. Further work will focus on defining performance and identifying economic benefits. Results are still preliminary, and work is ongoing. Final results of the ore sorting study are expected in March 2021".

Ore sorting or pre-concentration of mineralized material has the potential benefits of increasing the mill feed grade which can result in an improved net present value ("NPV") of a mining project. Potential benefits include a lowering of operating costs on a unit basis, a reduction in the volume of fine tailings created through the milling process and the overall volume of material transported to the tailings storage facility, a reduction in power consumption particularly in the grinding circuit and a lower overall environmental impact.

Braveheart plans to advance the Bull River mine project in a phased approach wherein a surface stockpile of mineralized material will provide the initial feedstock to an up-graded 700 tonne per day mill. Ore sorting capability could be introduced ahead of the grinding circuit.

Ian Berzins, President and CEO, added, "The initial results are encouraging. Samples originated from mineralized material that was extracted from seven separate sublevels in the underground workings. We engaged Brent to lead this project given he is one of the world's leading experts in ore sorting, with participation in over 50 mining projects and studies. Introduction of ore sorting in the crushing circuit could have a positive impact on the economics of our Bull River project and may be applicable at our newly acquired Thierry copper, nickel and silver project in Ontario."

[ThSeeker]

Copper supply/demand expectations should work out very well for Braveheart:

Copper price climbs as Citi analyst predicts market deficit in H2
MINING.COM Staff Writer | February 3, 2021 | 9:35 am Intelligence Markets China Europe Copper

Copper prices bounced back on Wednesday despite concerns of weaker demand ahead of a major holiday in China, the world’s top consumer.

Copper futures climbed 1.1% to $3.5635 a pound (or $7,856.21 a tonne) on the Comex by noon EST, rebounding from a one-month low.
Sign Up for the Copper Digest

China will celebrate its Lunar New Year holiday February 11-17, when metals demand usually dips as business activities slow.

Meanwhile, a recent coronavirus outbreak in China has dampened the country’s economic activities in January, dragging factory output and service activities growth to multi-month lows.
Consumption growth

However, outlook for copper remains positive for the later months of 2021. Analysts believe soaring sales of consumer goods such as home appliances and cars outside China are expected to invigorate copper consumption and create shortages later this year.

Coronavirus lockdowns have meant many consumers who in previous times would have spent money on holidays, restaurants and other leisure activities are now choosing to buy electrical appliances and durable goods. This trend is expected to hold for some months.

Global copper consumption is forecast to rise 6% to 24.76 million tonnes this year after a 1.3% drop last year

“We are seeing some outright growth in developed market metals consumption in the construction, consumer appliances, and automotive sectors, as covid-19 drives home renovations and new home demand,” Citi analyst Oliver Nugent told Reuters.
Market deficit

Nugent expects the copper market to shift into a deficit in the second half of the year, resulting in a small surplus overall for 2021 followed by deficits in 2022 and 2023.

“In 2021, the market will pay more attention to the world ex-China demand than it has arguably done for the past decade,” Nugent said. “A data point people are talking about more and more is housing starts in the United States.”

According to BoA Securities analyst Michael Widmer, global copper consumption is forecast to rise 6% to 24.76 million tonnes this year after a 1.3% drop last year. He also sees Europe’s share of this at 3.1 million tonnes, a 10% jump from 2020.

[ThSeeker]

The amazing thing about that target is that it is not a 12 month target rather fair value right now. So add in any 12 months accomplishments then imagine what that target would be as this year should make some significant progress. This should be an very profitable long term investment.

That said I have a very hard time holding anything long term.

[ashy2classy]

Seems like it. I added after reading the release. May add more to round out my position.

[ThSeeker]

Continues to highlight how undervalued this is. This stock should be 3-4x current price.

[ashy2classy]

Very nice. Thanks for sharing!

[ThSeeker]

Silver By-product Credits Becoming Significant to Braveheart Resources

Calgary, Alberta--(Newsfile Corp. – February 3, 2021) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB:RIINF) ("Braveheart" or the "Company") is pleased to announce that silver by-product credits are becoming increasing significant to Braveheart at its 100% owned Bull River copper, gold and silver mine project and its 100% owned Thierry Mine Project (“Thierry”) copper, nickel and silver project.

Braveheart recently announced the completion of a positive Preliminary Economic Assessment (“PEA”) for Thierry near Pickle Lake, Ontario (see Braveheart press release of January, 14, 2021). A NI 43-101 Technical Report will be filed on SEDAR within 45 days of that press release. The PEA was independently prepared by P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario under the supervision of Eugene J. Puritch, P.Eng., FEC, CET. The PEA, which resulted in a pre-tax NPV of $373 million and IRR of 23% and was focused solely on mining of the Mineral Resources at the Thierry underground mine, indicates a 14 year mine plan based on a 4,000 tonne per day underground mining and processing operation. The mine plan assumes the potentially extractable tonnage of Measured, Indicated and Inferred Mineral Resources is diluted by 20% and a 90% mine recovery factor is applied. Measured and Indicated Mineral Resources represent 8,131,000 tonnes at 1.46% Cu, 0.18% Ni and 3.7 g/t Ag. Inferred Mineral Resources represent 11,507,000 tonnes at 1.46% Cu, 0.15% Ni and 6.1 g/t Ag. The prior independent National Instrument 43-101 ("NI 43-101") Technical Report and Mineral Resource Estimate for the Thierry Project was completed by P&E Mining Consultants Inc. in February 2012 and is available on Cadillac Venture Inc.’s SEDAR profile at www.sedar.com. The previous 2012 Thierry and K1-1 Mineral Resource Estimates have been reviewed taking into account current metal prices, US$ exchange rate trailing averages and recently updated operating costs. P&E’s findings are that the 2012 Mineral Resource Estimates are valid for use in the PEA.

Palladium, platinum, and gold do not make material contributions to metal revenues, however silver at Thierry is of sufficient grade to be payable in the concentrates. Typically, smelters will pay for silver in concentrate that is at least 30 g/t or higher. Average silver grade in Thierry copper concentrates is expected to be 56 g/t.

Based on the current Thierry underground mine plan 967,000 ounces of silver are planned to be mined from the Measured and Indicated Mineral Resource and an additional 2,257,000 ounces of silver are planned to be mined from the Inferred Mineral Resource for a total of 3,224,000 ounces of silver from the mined insitu Mineral Resource.

At Bull River the Indicated Mineral Resource is 2,179,000 tonnes that contains a grade of 12.2 g/t Ag totaling 857,000 ounces of silver (see Braveheart press release of January 21, 2019). Additionally, the Inferred Mineral Resource is 513,000 tonnes that contains a grade of 8.7 g/t Ag totaling 144,000 ounces of silver. Total silver in the Bull River Mineral Resource is 1,001,000 ounces. Based on analysis by ALS Minerals in Vancouver, British Columbia, silver in concentrate exceeds the payable threshold.


Ian Berzins, President and CEO commented: “While our primary metal at both properties is copper, the significance of silver as a by product credit is becoming increasingly important. We now have more than 4,300,000 ounces of silver in our combined underground Mineral Resources”.

[ashy2classy]

Yeah I assume it's mostly lack of exposure. Gotta get out there and pump this thing!!!

[ThSeeker]

I have contacted Ian the CEO several times. I was complaining about how undervalued we are here and how market has not rewarded the news.
I am sure he plans to put all this in production starting with Bull River project.

He also said he received very positive feedback from several Large shareholders. They see its value just need the greater market to see it.

[ashy2classy]

Nice. Sure hope these are actually being acquired for business growth and not some insider transaction to benefit the owners. Don't see why this isn't moving higher.

[ThSeeker]

New Report
Braveheart Resources Inc. (TSXV: BHT / OTCQB: RIINF)- Acquires a Past-Producing Copper-Nickel Mine for 1% of its NPV

"BHT’s shares are up 47% since we initiated coverage in November 2020. In December 2020, the company completed a previously announced acquisition of the Thierry mine project from Cadillac Ventures (TSXV: CDC) for $2.2M in cash and shares. Thierry is a past-producing copper and nickel mine in Ontario. The company remains focused on bringing its 100% owned Bull River copper-gold-silver mine in B.C. back into production. Bull River can be advanced to production for just $6.5M in CAPEX. The company is evaluating financing options, and applying for permits to potentially commence production by October 2021..."
READ THE FULL REPORT
https://www.researchfrc.com/braveheart-resources-inc-tsxv-bht-otcqb-riinf-acquires-a-past-producing-copper-nickel-mine/?utm_source=FRC+Free+Subscription&utm_campaign=718b7618c2-EMAIL_CAMPAIGN_2020_09_21_11_11_COPY_01&utm_medium=email&utm_term=0_e14636a3f6-718b7618c2-75485849

[ashy2classy]

Hope those shares are locked up for a bit if/when it gets approved.

[ThSeeker]

What a stupid ass close. Kind of wish it was my buy though
LOL

[ThSeeker]

Braveheart Enters into Agreement to Repurchase 2% Net Smelter Royalty at Thierry Mine Project

Calgary, Alberta--(Newsfile Corp. – January 21, 2021) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB:RIINF) ("Braveheart" or the "Company") is pleased to announce that based on the results of a positive Preliminary Economic Assessment (“PEA”) for its newly acquired Thierry Mine Project (“Thierry”) near Pickle Lake, Ontario (see press release dated January 14, 2021) the Company has negotiated the repurchase of a 2% Net Smelter Royalty (“NSR”) from Cadillac Ventures Inc. (“Cadillac”) for a consideration of 2,500,000 common shares of Braveheart. As per the Share Purchase Agreement dated October 21, 2020 and the Share Purchase Amending Agreement dated November 21, 2020, Braveheart was entitled to repurchase 1% of the 2% NSR for $1,000,000. The parties have replaced these terms so that Braveheart can repurchase the entire 2% NSR for 2,500,000 common shares of Braveheart.

Completion of the NSR repurchase is subject to the approval of the TSX Venture Exchange