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Am I missing something? OTC Markets shows 270M OS and Jourdan website saya fully diluted is 300M. There will be warants dilution along the way but I wouldnt think 300M is high by any means
Thanks
JOURDAN COMPLETES STRIPPING, MAPPING AND CHANNEL SAMPLING PROGRAM ON ITS BAILLARGÉ PROPERTY
December 12, 2022
https://jourdaninc.com/jourdan-completes-stripping-mapping-and-channel-sampling-program-on-its-baillarge-property/
The lithium market is only getting stronger here’s your Canadian leading edge Dec, 8th 2022
https://themarketherald.ca/the-lithium-market-is-only-getting-stronger-heres-your-canadian-leading-edge-2022-12-08/
“Jourdan Resources Inc. Management’s Discussion and Analysis
For the nine months ended September 30, 2022 and 2021
On April 17, 2017, the Company entered into an option agreement with Infinite Ore Corp. (previously Alix Resources Corp,) (“Infinite”) whereby Infinite granted the Company an option to acquire several lithium mining claims in Quebec. These claims lapsed in 2020, and Infinite made a claim for damages against the Company. On April 16, 2021, the Company and Infinite settled the outstanding amount by the issuance of 4,500,000 shares of Jourdan at a deemed price of $0.06 per share for an aggregate amount of $270,000.
On July 7, 2021, the Company completed a private placement flow-through financing for gross proceeds of $720,000. Pursuant to the offering, the Company issued 14,400,000 units at a price of $0.05 per unit. Each unit was issued on a flow-through basis and consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.07 until July 7, 2023.
On November 25, 2021, the Company completed a private placement financing for gross proceeds of $455,000. Pursuant to the offering, the Company issued 9,100,000 units at a price of $0.05 per unit. Each unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.07 until November 25, 2023.
On December 31, 2021, the Company completed a private placement flow-through financing for gross proceeds of $1,350,000. Pursuant to the offering, the Company issued 27,000,000 units at a price of $0.05 per unit. Each unit was issued on a flow-through basis and consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.07 until December 31, 2023.
On July 29, 2022, the Company completed a private placement financing of (i) 9,512,500 units at a price of $0.08 per unit, and (ii) 14,000,000 common shares of the Company issued on a flow-through basis at a price of $0.10 per flow-through share for aggregate gross proceeds of $2,161,000. Each unit consists of one common share of the Company and one common share purchase warrant, which will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.10 per share until July 29, 2024.
In connection with the offering, the Company paid finder’s fees of $81,000 in cash and issued 810,000 non-transferable finder’s warrants to Roche Securities Ltd. in accordance with TSXV policies. Each finder’s warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.10 per share until July 29, 2024.”
Good luck absorbing all those warrants the next few years.
Investment Highlights
https://jourdaninc.com/wp-content/uploads/2022/04/Jourdan-Presentation-April-2022.pdf
Drilling campaign highlights
https://jourdaninc.com/wp-content/uploads/2022/04/Jourdan-Presentation-April-2022.pdf
Jourdan Resources & Sayona Mining Enter into Earn-in Arrangement for Vallée Lithium Project
https://newsfilter.io/a/b0b2eb4d8ddf81eb5eb2afd985deb28c
Both stocks need a r/s, and Sayona took Jourdan to the cleaners on the deal, Jourdan likely had no leverage short term while Sayona has the ability to process lithium in 23 Q1, just no way for me to invest in 8 billion share OS Canadian company months in advance of production, will check back after r/s if any, all imo.
StockLogistics, You have been here awhile.
I am sure there will be more Sayona, shareholders coming to look at your DD.
GLTY.
I'll read up on your DD. So I do not repeat too much, when I post.
“8:00a ET 11/14/2022 - Globe Newswire
Jourdan Resources & Sayona Mining Enter into Earn-in Arrangement for Vallee Lithium Project
Sayona to Acquire a 9.99% Shareholding in Jourdan ResourcesGlobeNewswireNovember 14, 2022
Highlights
Earn-in agreement over Jourdan Resources' Vallee lithium project allows Jourdan to further expand its exploration towards a potential resource and future mine.
Sayona to acquire a 9.99% shareholding in Jourdan Resources for C$1.5 million.
Sayona's subsidiary, North American Lithium Inc., ("NAL") has the right to earn up to a 51% stake in the Vallee lithium project, based on milestones.
Agreement allows for ore on Vallee to be fast-tracked into the NAL plant for processing.
Through earn-in and joint venture arrangement, Jourdan & Sayona will work in tandem to advance the Vallee lithium project as well as the region itself, including an extensive drill & exploration program for the Vallee lithium project.
Jourdan intends on swiftly expanding exploration throughout its three projects, the Vallee lithium project, Baillarge lithium-moly, and Preissac - La Corne ithium.
Sayona to appoint nominee to Jourdan's board of directors.
TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF; FRA:2JR1) ("Jourdan", "JourdanResources", or the "Company") is pleased to announce that it has signed an earn-in agreement and joint venture agreement (the "Agreement") with Sayona Mining Limited's (ASX: SYA; OTCQB: SYAXF) ("Sayona") subsidiary, North American Lithium Inc., in relation to the Company's Vallee lithium project. The Company is also pleased to announce that Sayona's subsidiary, Sayona Quebec Inc., has entered into an agreement with the Company to acquire 27,000,000 common shares of the Company (the "Common Shares"), representing approximately 9.9865% of the issued and outstanding Common Shares (on a post-closing basis), at a price of $0.0556 per Common Share for gross proceeds of $1,501,200 (the "Private Placement"). The Private Placement is expected to close within two (2) business days. Upon closing of the Private Placement, Sayona will have the right to nominate one director to the Company's board of directors. All securities issued in connection with the Private Placement will be subject to a statutory hold period of four-months and one day. Completion of the Private Placement is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange approval. No finder's fees will be paid in connection with the Private Placement. The Company intends to use the net proceeds of the Private Placement for working capital and general corporate purposes.
Rene Bharti, Jourdan's chief executive officer, commented, "We are tremendously excited to begin what we feel will be a long-term partnership with Sayona. Given the incredible progress they have made at the NAL mine, we anticipate that this partnership will allow Jourdan to advance the exploration and development of its Vallee lithium project toward production without having to incur many of the associated costs. Indeed, we understand that Sayona has complete infrastructure in place to begin lithium production from its NAL properties in Q1 of next year. We are very proud to be working with our neighbours, and we look forward to welcoming a top Sayona executive to the Jourdan board in order to further cement our partnership."
"We are excited to start a new chapter in the lifecycle of Jourdan Resources by joining forces with Sayona and neighbouring NAL", says Dr. Andy Rompel, Exec. Chairman. "We believe that this partnership will be tremendously beneficial mutually as we anticipate that both parties can contribute significantly to the advance of exploration and potential resource estimation on our flagship project, Vallee. We expect that this partnership will increase the speed of exploration for Jourdan, as well as give us the unique ability to process our ore through the NAL plant."
Under the Agreement, NAL has the right to earn up to a 51% stake in 28 claims within the Vallee project, which includes pegmatite targets located close to and along strike from NAL's orebody. This is based on NAL spending C$4 million within the first year to earn a 25% interest and an additional C$6M within two years to earn a further 25% interest. NAL also has the right to increase its interest by an additional 1%, to an aggregate 51% interest, by completing a feasibility study and arranging funding for the construction of a mine at Vallee.
In connection with the Agreement, Jourdan has transferred 20 claims outright to Sayona to provide for potential future infrastructure expansion at the NAL mine and its processing facility.
Sayona's Managing Director, Brett Lynch, stated that the Agreement provided a substantial boost for NAL and its future production potential. "Sayona continues to review opportunities for expansion and this earn-in agreement is an excellent opportunity to swiftly expand NAL's potential resource base, paving the way for an increase in NAL's future mine production capacity," he said.
He continued, "With mineralised spodumene pegmatite dykes previously mined by NAL continuing directly onto Jourdan's claims, we are keen to quickly launch new drilling. Significantly, the additional leases acquired under this agreement will also allow for increased flexibility and optimisation of the NAL mine design, production and infrastructure."
DLA Piper (Canada) LLP acted as legal counsel to Jourdan. Desjardins Capital Markets acted as exclusive financial adviser and McCarthy Tetrault LLP acted as legal counsel to Sayona for the transaction.”
“Management anticipates that results of the drilling program will substantially extend the known deposit at the Company's Vallee property eastwards.”
“5:00a ET 11/2/2022 - Globe Newswire
Jourdan Completes Phase 3 of its Summer 2022 Drilling Program
GlobeNewswireNovember 02, 2022
TORONTO, Nov. 02, 2022 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF; FRA:2JR1) ("Jourdan" or the "Company") is pleased to announce the completion of 32 drill holes (6,400m) of its phase 3 summer 2022 drilling campaign on its Vallee property at a previously underexplored eastern extension (see Fig. 1).
The phase 3 diamond drilling was located to the east of the previous phases and aimed at the eastern extension of the known pegmatite swarm with its anticipated lithium-bearing spodumene mineral. The core produced from the drilling is scheduled to be logged, cut, sampled, and then sent to the assay laboratory for its lithium content. The Company intends to use the results of the drilling and assaying to update its geological model and to help the Company establish an initial resource estimate at its Vallee property.
Since starting its drilling program in September 2021, Jourdan has drilled fifty-eight (58) drillholes for a total of 11,600 metres.
Rene Bharti, Jourdan's CEO, stated, "We are extremely proud to have completed a successful third phase of our drilling campaign. We believe that this drilling will be critical for our geological model, which will be the basis of the Company's first initial resource estimate. We see that lithium demand continues to surge, and we believe that establishing such a resource is a critical next step in our goal of becoming a lithium producer in Quebec."
Jourdan's Executive Chairman, Dr. Andreas Rompel, stated, "We have yet again successfully completed another phase of exploration, proving the presence of our well-known lithium-bearing pegmatite swarm even further to the east. Its existence is deeply encouraging, and we intend to continue to pursue exploring the spodumene-rich veins eastwards."
The drill program was conducted by Forage LaMontagne Fortier from Rouyn-Noranda, Quebec, under the supervision of Alex Belo Geologue Inc. (ABG Exploration) of Laval, Quebec and GeoTasks from Sudbury.
The Vallee property is immediately east of the North American Lithium mine. This figure depicts the 2011, 2021 and 2022 completed drillholes with a total of 58 drillholes since 2021.
Figure 1: The Vallee property is immediately east of the North American Lithium mine. This figure depicts the 2011, 2021 and 2022 completed drillholes with a total of 58 drillholes since 2021.
The Company's now completed diamond drilling program of 6,400m was to follow up on the results of a bulk sample collected in 2018 and the fence line drilled in 2011 and 2021 along the western side of the Company's Vallee property, which borders the North American Lithium mine. Management anticipates that results of the drilling program will substantially extend the known deposit at the Company's Vallee property eastwards.
Jourdan has significantly enlarged its database by adding more drillholes since the start of the exploration work in 2011. The 2011 drilling comprised 21 drillholes (4,250m), the 2021 campaign consisted of eight drillholes (1,680m) and with the completed 10,000m in 2022, Jourdan has more than 15,930m (79 holes) of core that the Company intends to use in the future to establish an initial mineral resource estimate.
Qualified Person
The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P.Geo., an independent consultant that is a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Jourdan Resources Inc.
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol "JOR" on the TSX Venture Exchange and "2JR1" on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company's properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium's producing Quebec Lithium Mine.
For more information:
Rene Bharti, Chief Executive Officer and President
Email: info@jourdaninc.com
Phone: (416) 861-5800
www.jourdaninc.com”
Here we go with the resource estimate
"Jourdan's Chief Executive Officer, Rene Bharti, stated, "Jourdan is pleased to again report respectable assay results from core recently collected during its 2022 drilling campaign. The Company is keenly focused on establishing an initial mineral resource estimate at Vallee in the near term and commencing a geological mapping and soil sampling programs at its other two properties, Baillarge and Preissac-La Corne." - 9/6/22
"We are extremely pleased with these latest assay results. These grades confirm our confidence in this project with its known and newly discovered spodumene-bearing pegmatites," said Dr. Andy Rompel, executive chairman of Jourdan. He continued, "and we are keenly awaiting the initial mineral resource estimate now that we have all drillhole assay results from our flagship project at Vallee." - 9/6/22
Time for this mining operation to emerge as a major lithium player in the west between 1 and 2 dollars a share like other similar mining operations
Dr. Andy Rompel, executive chairman of Jourdan. He continued, "and we are keenly awaiting the initial mineral resource estimate now that we have all drillhole assay results from our flagship project at Vallee." - 9/6/22, 29 days.
25 days since PR, let’s go here, all the way up on massive lithium haul, begin mining operations
“and we are keenly awaiting the initial mineral resource estimate now that we have all drillhole assay results from our flagship project at Vallee."”
Been waiting 15 months for this to go to a proper SP as EV technology and green technology are at the forefront of US government spending, this is the moment.
22 days ago: “We are extremely pleased with these latest assay results. These grades confirm our confidence in this project with its known and newly discovered spodumene-bearing pegmatites," said Dr. Andy Rompel, executive chairman of Jourdan. He continued, "and we are keenly awaiting the initial mineral resource estimate now that we have all drillhole assay results from our flagship project at Vallee."”
Theres something cookin here. They financed at 8 cents and they wont let 8 cents fall. Watch and see.
EV cars will be out of style by the time Jorff mines and sells lithium
“Jourdan's Executive Chairman, Dr. Andreas Rompel, stated, "We are greatly encouraged by the drilling results received to date as well as having successfully secured the permits for more diamond drilling. This latest drilling phase will now be facilitated by a second rig to speed up the process and, hopefully, prove up the known pegmatite swarm even further to the east."”
TSX Venture Exchange Should deny the 4 million stock options provided today until Jorff mines one ton of lithium from the ground.
Endlessly Scouting for lithium that is not being mined from the ground for sale:
“5:00a ET 7/25/2022 - Globe Newswire
Jourdan Starts Soil Sampling Program at Preissac-La Corne and Baillarge Projects
EQNX::TICKER_START (TSX-V:JOR),(OTC US:JORFF),(Other OTC:JORFF),(Boerse Stuttgart - Freiverkehr:2JR1), EQNX::TICKER_END JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) ("Jourdan" or the "Company") is pleased to announce that it has commenced a soil sampling program on the majority of its claims located in the long-established lithium mining district of Preissac-La Corne, which is approximately 35km north of Val-d'Or in Quebec, Canada.
The sampling program is being conducted on a 400m x 200m regional grid and represents a pre-cursor to a potential future drilling program. A field crew consisting of geological and exploration technicians has been mobilized to the area and has begun collecting soil samples. Soil samples are being collected using two-person teams equipped with picks and shovels. Samples are being collected from the b-horizon at a depth ranging from 10 cm to 90 cm. Approximately 1,000 sites are scheduled to be sampled. To date, the soil sampling technique, utilizing both in-situ and pXRF analysis directly in the field, is working very efficiently to test these large areas rigorously, rapidly and cost-effectively. Samples are being analyzed on a daily and weekly basis for rubidium (Rb) and tantalum (Ta) by the latest model X-505 portable XRF gun from SciAps. Samples are then sent to Impact Global Solutions (IGS) lab in Delson, Quebec for pathfinder element analysis.
The soil sampling program is aimed at finding new lithium anomalies and showings in areas of known lithium mineralization at Baillarge, Preissac-La Corne, Duval Lithium in La Motte, as well as Vallee Lithium. We also expect to commence a geological mapping and prospecting program in the near future to run parallel with the soil sampling program.
Sample data collected includes UTM location, depth of sample, color, moisture content, texture (sand, silt, clay), and percentage, angularity and lithology of pebbles and or cobbles. Samples collected amount to approximately 1 kilogram of material and are placed in plastic sample bags. Wet samples are additionally placed into 5 ml plastic Ziploc bags to prevent contamination. At the end of the day, all samples are placed inside the Company's shop facility on a rack and allowed to dry for at least one week before shipping to Impact Global Solutions (IGS) lab in Delson, Quebec.
The geochemical soil sampling program was designed and is being sampled by GeoTasks Inc. technicial team from Sudbury, Ontario. Their technical team is supervised by OGQ compliant senior geologists.
"We are not only committed to the establishing an initial mineral resource at Vallee, our flagship property, but we are focussed on the further exploration at our Baillarge and Preissac-LaCorne properties," said Dr. Andreas Rompel, Jourdan's executive Chairman.
Jourdan's Chief Executive Officer, Rene Bharti, stated, "Jourdan is pleased to begin exploration on its other significant properties. The Company is keenly focused on establishing an initial mineral resource estimate at Vallee in the near term and commencing a drill program in the near future at its other two properties, Baillarge and Preissac-La Corne. With such a relatively large land package, Jourdan is fortunate to have other extremely interesting properties to explore and develop. We anticipate announcing our initial resource estimate on our Vallee property in the near term, but will continue to move towards an aggressive exploratory drill campaign on our Preissac-La Corne and Baillarge properties."
Figure 1: Soil sampling location on the Jourdan properties which are approximately 35km north of Val-d'Or.
https://www.globenewswire.com/NewsRoom/AttachmentNg/553c3a80-9b09-4511-bffd-8941be15d523
The Company's now completed diamond drilling program of 3,629m was intended to follow up on the results of a 40-tonne bulk sample collected in 2018, the fence line drilled in 2011, and follow-up drilling in 2021 along the western side of the Company's Vallee property, which borders the North American Lithium mine. As anticipated, the drilling program substantially extended the known deposit at the Company's Vallee property eastwards. Since February 2022, 18 holes of approximately 200m depth have been drilled, each aimed at the pegmatite swarm identified by the trenching of the bulk sample collected on the Vallee property in 2018. The assay results from the bulk sample revealed high Li2O grades (for more information, please see the Company's press release dated April 29, 2021, which is available under the Company's SEDAR profile at www.sedar.com), which have encouraged the Company to continue exploration and exploratory drilling along the strike and depth extents of its Vallee property.
Jourdan has significantly enlarged its database by adding more drillholes since the start of the exploration work in 2011. The 2011 drilling comprised 21 drillholes (4,256m), the 2021 campaign consisted of eight drillholes (1,680m) and with the completed 3,629m in 2022, Jourdan has more than 9,490m (47 holes) of core that the Company intends to use in the future to establish an initial mineral resource estimate.
”
More shares offered:
“6:00p ET 7/21/2022 - Globe Newswire
Jourdan Upsizes Private Placement Financing
EQNX::TICKER_START (TSX-V:JOR),(OTC US:JORFF),(Other OTC:JORFF),(Boerse Stuttgart - Freiverkehr:2JR1), EQNX::TICKER_END NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) ("Jourdan" or the "Company") is pleased to announce that as a result of increased investor demand the Company is increasing its previously announced private placement financing (the "Initial Offering") of common shares issued on a flow-through basis (the "Flow-Through Shares") from up to 10,000,000 Flow-Through Shares to up to 14,000,000 Flow-Through Shares at a price of $0.10 per Flow-Through Share, for aggregate gross proceeds from the issuance of both units and Flow-Through Shares of up to $2.4 million (the "Upsized Offering"). For more information about the Initial Offering and details of the units to be issued thereunder, please see the Company's press release dated June 29, 2022, which is available under the Company's SEDAR profile at www.sedar.com.
Closing of the Upsized Offering is expected to occur by the end of July 2022. All securities issued in connection with the Upsized Offering will be subject to a statutory hold period of four-months and one day. Completion of the Upsized Offering is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange ("TSXV") approval. Finder's fees may be paid to eligible finders in accordance with the policies of the TSXV consisting of a cash commission equal to up to 9% of the gross proceeds raised under the Upsized Offering and finder warrants ("Finder Warrants") in an amount equal to up to 9% of the number of Units and Flow-Through Shares sold pursuant to the Upsized Offering. Each Finder Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.10 per share for a period of 24 months following the closing date of the Upsized Offering. The Company intends to use the net proceeds from the issuance of the Units and the Flow-Through Shares for working capital and general corporate purposes and to fund exploration expenditures on its Vallee, Preissac-La Corne, and Baillarge lithium mining properties.”
No mining completed.
Somebody out there buying this stock that doesn’t intend to mine anything this year.
Company only drills holes for this year, no mining
People buying a stock that isn’t intent on actually mining any time soon
Why did this stock go up today and not yesterday, the news was yesterday
“5:00a ET 6/9/2022 - Globe Newswire
Jourdan Announces First of Eighteen Drillhole Assay Results with Li2O Grades
EQNX::TICKER_START (TSX-V:JOR),(OTC US:JORFF),(Other OTC:JORFF),(Boerse Stuttgart - Freiverkehr:2JR1), EQNX::TICKER_END JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF, FRA: 2JR1) ("Jourdan" or the "Company") is pleased to publish the first assay results of its winter 2022 drilling campaign on its flagship Vallee project, which is located north of Val-d'Or in Quebec, Canada. The results are from the first hole VAL22-2-6 and shows multiple lithium grading zones.
Highlights*:
Drill hole From (m) To (m) Length Li2O (%)VAL22-2-6 26.9 30.1 3.2 1.56Including 28 29 1 1.92VAL22-2-6 143.1 144 0.9 0.97VAL22-2-6 160.85 164.7 3.85 1.04Including 162.8 163.8 1 1.66
*drill core width only, does not represent true width
As mentioned in a press release dated May 24, 2022, the Company has completed its previously announced diamond drilling program, with 3,629m drilled by May 2022. The Company has now received the first assay results from the program and awaits further assays from the program in which every hole showed multiple intersections of spodumene-bearing pegmatite.
All 18 of its 2022 winter drilling campaign have intersected the new spodumene-bearing pegmatite swarm on its Vallee property at a previously underexplored eastern extension, which had not been exposed by the North American Lithium mine to the west of Vallee (see Fig. 1).
Since restarting drilling in September 2021, Jourdan has drilled 26 drillholes, all of which intercepted multiple spodumene-bearing pegmatite dykes.
Jourdan's Executive Chairman, Dr. Andreas Rompel, stated, "These first results confirm the consistency of the grade intersected during last year's campaign and the sampling results of the bulk sample. We are keenly looking forward to receiving the next results of all the boreholes recently drilled and assayed."
The now completed drill program was conducted by Forage Hebert from Amos, Quebec, under the supervision of Alex Belo, Geologue Inc. (ABG Exploration) of Amos, Quebec.
The Company's now completed diamond drilling program of 3,629m was intended to follow up on the results of a bulk sample collected in 2018 and the fence line drilled in 2011 and 2021 along the western side of the Company's Vallee property, which borders the North American Lithium mine. As anticipated, the drilling program substantially extended the known deposit at the Company's Vallee property eastwards. Since February 2022, 18 holes of approximately 200m depth have been drilled, each aimed at the pegmatite swarm identified by the trenching of the bulk sample collected on the Vallee property in 2018. The assay results from the bulk sample revealed high Li2O grades (for more information, please see the Company's press release dated April 29, 2021, which is available under the Company's SEDAR profile at www.sedar.com), which have encouraged the Company to continue exploration and exploratory drilling along the strike and depth extents of its Vallee property.
Jourdan has significantly enlarged its database by adding more drillholes since the start of the exploration work in 2011. The 2011 drilling comprised 21 drillholes (4,256m), the 2021 campaign consisted of eight drillholes (1,680m) and with the completed 3,629m in 2022, Jourdan has more than 9,490m (47 holes) of core that the Company intends to use in the future to establish an initial mineral resource estimate.
Qualified Person
The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P.Geo., an independent consultant that is a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.”
One day closer to the resource estimate
Resource estimate being created, lithium will continue to be in high demand.
“6:30p ET 5/6/2022 - Globe Newswire
Jourdan Engages Stanford & Turner for Assistance with Marketing Campaign
EQNX::TICKER_START (TSX-V:JOR),(OTC US:JORFF),(Other OTC:JORFF),(Boerse Stuttgart - Freiverkehr:2JR1), EQNX::TICKER_END JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORFF) ("Jourdan" or the "Company") announces today that it has entered into a marketing services agreement with Stanford & Turner Marketing Group ("Stanford"). Stanford is a digital media marketing company that provides a combination of content development, web development, media buying and distribution, and reporting and optimization to Jourdan. Pursuant to the agreement, Stanford will assist Jourdan in enhancing its visibility with potential investors through a digital marketing campaign for a total cost of US$75,000 over a three-month period commencing May 9, 2022, and US$25,000 per month on a month-to-month basis thereafter. Stanford is an arm's length party from the Company and principally operates out of Los Angeles, California. As of the date of this press release, neither Stanford nor any of its directors and officers own any interest, directly or indirectly, in the securities of the Company. The appointment of Stanford is subject to approval by the TSX Venture Exchange.
”
May 9 to June 9 is one month, what has this marketing campaign done for $75,000? Will we see some news so the marketing company can help enhance the share price?
Come on Jorff you can create that resource estimate report
Jorff June let’s see if that resource estimate can send the stock to the moon
Compare what happened when $MDMP announced how much oil they had under the ground (.01 to 1.00 in a few days) to what this legitimate company may have in lithium as the world hastens its transition to EV cars.
Company continues to drill holes and assay the results to expand where the known lithium is in the ground, at some point they have to start taking the lithium out of the ground and selling it to EV battery makers for the stock to run, no guidance yet on when the actual mining of the resources might begin.
Have had my eye on this one. Do we expect results by EOM? I know they mentioned beginning of November, but that has pretty much come and gone. Don't know if that is a good or bad sign.
Could not keep its promise of early November results = fail
“ The Company is also pleased to announce that it has completed its previously announced diamond drilling program, with 1,682 meters of drilling completed. For more information, please see the Company's press release dated September 16, 2021, which is available under the Company's SEDAR profile at www.sedar.com. The Company awaits the assay results from the program in which every hole showed multiple intersections of spodumene-bearing pegmatite. These results are expected in early November 2021.”
BS
“As at June 30, 2021, Jourdan has a working capital deficiency of $957,470 (December 31, 2020 – $826,219), and an accumulated deficit of $24,180,154 (December 31, 2020 - $22,744,620). These matters represent material uncertainties that cast significant doubt as to the Company`s ability to continue as a going concern. The continuation of Jourdan as a going concern is dependent upon the ability of the Company to obtain the necessary equity financing to continue operations, the successful results of mineral property exploration activities and its ability to attain profitable operations and generate funds therefrom or realize proceeds from their sale. Jourdan may periodically have to raise additional capital to fund projects and continue operations and while it has been successful in doing so in the past, there can be no assurance the Company will be able to do so in the future. Management believes Jourdan will obtain the funding required to maintain current levels of operations and continue as a going concern for the following year. See Note 14.“
https://backend.otcmarkets.com/otcapi/company/financial-report/299941/content
Assets decreased. Net loss 1.5 million. Dilution via debt financing likely, all imo.
This stock has no revenue and has to rely on debt and dilution to fund its operations as per its latest management discussion on OTCmarkets
Could see an increase due to demand for lithium for ev batteries in 2022 imo
PUBLISH DATE
TITLE
PERIOD END DATE
05/26/2021 Management Discussion and Analysis - Management Discussion and Analysis 03/31/2021
05/26/2021 Interim Financial Report - Interim Financial Statements 03/31/2021
05/10/2021 Annual Report - Annual Financial Statement 12/31/2019
05/10/2021 Annual Report - Annual Financial Statement 12/31/2018
05/04/2021 Supplemental Information - 52-109FV1 - Certification of annual filings - CFO (E) 12/31/2020
05/04/2021 Supplemental Information - 52-109FV1 - Certification of annual filings - CFO (E) 12/31/2020
05/04/2021 Management Discussion and Analysis - Management Discussion and Analysis 12/31/2020
05/04/2021 Annual Report - Audited annual financial statements - English 12/31/2020
04/27/2021 OTCQB Certification - OTCQB Certification 12/31/2020
04/26/2021 Supplemental Information - Audited annual financial statements - English 12/31/2018
https://www.otcmarkets.com/stock/JORFF/disclosure
Share Structure
Market Cap Market Cap
4,226,884
07/12/2021
Authorized Shares
Unlimited
05/31/2021
Outstanding Shares
120,768,112
05/31/2021
Restricted
6,000,000
05/31/2021
Unrestricted
114,768,112
05/31/2021
Held at DTC
Not Available
Float
84,746,311
04/27/2021
Par Value
No Par Value
Jourdan is a Canadian junior mining exploration company. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company's properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium's producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China's largest automotive battery manufacturer.
JOURDAN RESOURCES INC.
65 Queen Street West
Suite 900
Toronto, ONT M5H 2M5
Canada
www.jourdaninc.com
+1 416-861-5888
info@jourdaninc.com
Followers
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3
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Posters
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Posts (Today)
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0
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Posts (Total)
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96
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Created
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07/13/21
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Type
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Free
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Moderators TradingCharts |
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