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I totally agree. I could find nothing additional on their website.
It would have been helpful for them to provide an inkling of the magnitude of the work to be done.
Well, they own the rights to the resource, and they are one of the very few non-Chinese companies with the processing facilities and know-how . . .
I also was disappointed there was no info on scope of work, term and staging (if any), and value to GWG of the contract.
Wow, DoD uses a tsx/OTC penny stock to conduct a supply chain assessment of a compound... I wonder how, if at all gwm will be compensated
maybe today's news will restart a little interest
Great Western Minerals Group to conduct yttrium oxide purification assessment for U.S. Department of Defense
http://proedgewire.com/rare-earth-news/great-western-minerals-group-to-conduct-yttrium-oxide-purification-assessment-for-u-s-department-of-defense/
no volume... otherwise its a no brainer at .40
Interesting, cant say that I follow exactly but it would seem that its certainly encouraging. Thanks!
Is management popular with shareholders?
I had thought that pop was in reaction to the Steenkampskraal news.
This outlines what appears to me to be a fairly simple, but possibly expensive (both in reagents and in mechanical pulverization) process.
The byproduct credits from the N-P fertilizer material is encouraging.
It appears that overall there is a 30% part of the REE content of the resource that is not captured by the process. Given the number of state changes, each of which could be selective differently for each of the individual elements, it would have been nice to see the overall recovery %age per REE or at least for the HREE vs the LREE. Benefaction will apparently generate a radium output, and it would be nice to see whether this is a byproduct or a disposal expense. Of the reagents mentioned by name all are common and simple, which does not mean the process will be cheap but only that it does not appear to use highly expensive reagents (of what was named).
So the process must be sufficiently encouraging in order to invest in a PEA with it at this state of refinement, with an overall approximate 70% REE recovery form the resource sample used.
http://www.gwmg.ca/html/news/media-releases/index.cfm?ReportID=203455
Metallurgical experts needed! Expert analysis of the results would be great!
Im wondering if the pop to .40 was based on these results a week earlier than they were posted...
http://finance.yahoo.com/news/great-western-minerals-group-reports-120000252.html
GWMG President and Chief Executive Officer Jim Engdahl said, "Steenkampskraal continues to yield outstanding results with new mineralization, assay results that continue to be exceptional and massive continuity of the vein system.
seemed strong in the open here
prolly gonna add some more today, hate buying into a run, add a bit more and hold and forget. come back if it gets to .50
I saw a couple REE pundit comments over the past week to 10 days, as the risk trade was feeling out reversal, saying that GWG was a bottom fisher's delight - as in cheap given the execution on plan to date.
Cant wait for monday. Was a strong finish
Bought today.
Looking like GWMGF is moving off the incredible lows.
Good place to add now
It sure has been a long, slow, uphill road for GWG.
I found it encouraging that SA granted the exploration concession, given the climate in SA with mining.
It seems GWG is continuing to execute its plan, but most news updates of that fact meet with little excitement.
Things will change
oversold bounce or down even further? hmm
Great Western Minerals Group Corporate Update and CEO Conference Call Announcement
Today : Wednesday 15 August 2012
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSXV: GWG) today announced management appointments and changes, the resignation of a Company Director, and the date of the next CEO Conference Call.
Vernon J. Kiss has been appointed Senior Vice-President, Business and Corporate Development. Mr. Kiss has held the role of Vice-President, Corporate Development and Strategic Initiatives (see GWMG news release January 5, 2012) since joining the Company.
Michael Der, Vice-President, Corporate and Legal Affairs, and General Counsel, has assumed responsibilities as Corporate Secretary for GWMG. He replaces Elizabeth Nash as Corporate Secretary (see GWMG news release June 8, 2011). Ms. Nash continues to provide legal services to the Company.
The Company announces that Robby Gilmore has resigned as a member of the Board of Directors of GWMG (see GWMG news release March 14, 2012). The Company thanks Mr. Gilmore for his service during an important phase of GWMG's development.
GWMG announces that Vincent Mora, who has been its Steenkampskraal Project Director, is no longer performing these duties. Steenkampskraal project management continues to be provided by Rare Earth Extraction Co. Limited ("Rareco") CEO David Kennedy and Mine Manager Kwaw Kabaah, supported by Director of International Exploration Brent Jellicoe, GWMG Vice-President of Operations Richard Hogan and the team of approximately 30 employees and contractors at Steenkampskraal.
Kwaw Kabaah has been appointed as the third member of the three-person Board of Trustees of the Steenkampskraal Workers Trust. He joins Trevor Blench, Chairman of Rareco and Gerrit Horne, an independent lawyer, on the Workers Trust Board, under the Black Economic Empowerment initiative.
GWMG will hold a CEO Conference Call at 10:00 a.m. (EST) on Wednesday, August 22, 2012. The Conference Call will address the Company's progress across the full range of corporate initiatives. Participants can call the following numbers to register:
888-231-8191 (North America toll free)
647-427-7450 (Local Toronto)
0-800-051-7107 (for United Kingdom)
0-800-835-354 (for Switzerland)
Passcode ID: 21005950
Great Western Minerals Group Launches Preliminary Economic Assessment for Steenkampskraal Rare Earth Project
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) is pleased to announce that it has contracted Snowden Mining Industry Consultants (Pty) Ltd. ("Snowden") of Johannesburg, South Africa to complete an independent Preliminary Economic Analysis ("PEA") for the Company's Steenkampskraal rare earth project.
As a competitive bidder for this undertaking, Snowden was particularly advantaged as it is familiar with the South African mining and legislative environment. Additionally, Snowden held the pivotal role in the preparation of the National Instrument 43-101 technical report and resource calculation for the Steenkampskraal project. (See May 31, 2012 news release: GWMG Files NI 43-101 Resource Estimate & Technical Report on Steenkampskraal Rare Earth Property).
GWMG President and Chief Executive Officer Jim Engdahl said, "The engagement of Snowden to complete the PEA will enable our Company to further develop and communicate financial projections for our complete corporate structure based on independent analysis of the mining of rare earth-bearing monazite, extraction to mixed chloride, separation of oxides, and metal and alloy production, as encompassed by our fully integrated, value-added business model."
Got finance, we can start building it:
http://www.marketwatch.com/story/great-western-minerals-group-receives-bond-offering-funds-from-escrow-2012-06-07-141733546
Great Western Minerals Group Files NI 43-101 Resource Estimate and Technical Report on Steenkampskraal Rare Earth Property
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OCTQX:GWMGF) is pleased to announce that it has filed on SEDAR its initial National Instrument 43-101 resource estimate and technical report (the "NI 43-101 Report") for the Company's Steenkampskraal rare earth property in South Africa.
With the filing of the NI 43-101 Report, (http://www.gwmg.ca/ssk-tech-report-2012) GWMG has notified the escrow agent that it has satisfied the escrow release condition of the convertible bond financing (the "Offering") (See GWMG April 5, 2012 media release: GWMG Announces Closing of US$90 Million Convertible Bond Financing) and expects the remaining funds, net of US$10.8 million that will remain in escrow to satisfy interest payments, will be released to the Company in due course.
In order to satisfy the escrow release condition, GWMG was obligated to confirm that at least 20,000 metric tonnes of Total Rare Earth Oxides ("TREO") including Yttrium, in the sum of the Measured, Indicated, and Inferred resource categories are present at the Steenkampskraal property using a one per cent cutoff grade.
The NI 43-101 Report indicates the presence of 13,823.64 metric tonnes of TREO including Yttrium under the Indicated resource category and 14,147.76 metric tonnes under the Inferred resource category each using a one per cent cutoff grade. As contained in the NI 43-101 Report, the May 18, 2012 resource estimate is as follows:
Mineral Resource Estimates for Steenkampskraal
----------------------------------------------------------------
----------------------------------------------------------------
TONNES
CLASS (000) TREO% Y2O3% LREO% HREO% CeO2% Dy2O3% Eu2O3% Gd2O3% Ho2O3%
----------------------------------------------------------------------------
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Indicated 45.5 22.3 0.94 21.46 0.86 10.6 0.23 0.01 0.44 0.03
----------------------------------------------------------------------------
Inferred 86 15.7 0.65 15.14 0.61 7.4 0.16 0.01 0.31 0.02
----------------------------------------------------------------------------
Mineral Resource Estimates for Steenkampskraal
----------------------------------------------------------------
----------------------------------------------------------------
CLASS La2O3% Nd2O3% Pr6O11% Sm2O3% Tb4O7% Tm2O3% Yb2O3% Lu2O3% Er2O3%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Indicated 4.88 4.11 1.2 0.65 0.05 0.01 0.03 0.003 0.07
----------------------------------------------------------------------------
Inferred 3.47 2.94 0.84 0.46 0.04 0 0.02 0.002 0.05
----------------------------------------------------------------------------
Mineral Resource Estimate of the Upper Tailings dam
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----------------------------------------------------------------------------
TONNES
SLIME CLASS (000) TREO% Y2O3% LREO% HREO% CeO2% Dy2O3% Eu2O3% Gd2O3%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Upper Indicated 8.03 8.92 0.39 8.55 0.37 4.28 0.1 0.01 0.18
----------------------------------------------------------------------------
Upper Inferred 1.16 7.15 0.33 6.84 0.31 3.44 0.09 0.005 0.15
----------------------------------------------------------------------------
Mineral Resource Estimate of the Upper Tailings dam
----------------------------------------------------------------------------
----------------------------------------------------------------------------
SLIME Ho2O3% La2O3% Nd2O3% Pr6O11% Sm2O3% Tb4O7% Tm2O3% Yb2O3% Lu2O3% Er2O3%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Upper 0.01 1.93 1.64 0.45 0.25 0.022 0.003 0.012 0.001 0.03
----------------------------------------------------------------------------
Upper 0.01 1.51 1.32 0.36 0.21 0.018 0.002 0.01 0.001 0.03
----------------------------------------------------------------------------
Mineral Resource Estimate for the Lower Tailings dam
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TONNES
SLIME CLASS (000) TREO% Y2O3% LREO% HREO% CeO2% Dy2O3% Eu2O3% Gd2O3%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Lower Indicated 28.56 8.37 0.39 8.01 0.36 3.95 0.1 0.01 0.18
----------------------------------------------------------------------------
Mineral Resource Estimate for the Lower Tailings dam
----------------------------------------------------------------------------
----------------------------------------------------------------------------
SLIME Ho2O3% La2O3% Nd2O3% Pr6O11% Sm2O3% Tb4O7% Tm2O3% Yb2O3% Lu2O3% Er2O3%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Lower 0.01 1.81 1.56 0.45 0.25 0.02 0.003 0.003 0.001 0.03
----------------------------------------------------------------------------
The database provided by Caracle Creek International Consulting (Pty) Limited ("CCIC") to Snowden Mining Industry Consultants Inc. ("Snowden") for the resource estimate of the in-situ mineralisation at Steenkampskraal consisted of 67 diamond drillhole samples, of which only 26 drillholes contains assay data, and 67 underground channel samples, of which only 35 contain assay data.
The database provided by CCIC for evaluation of the tailings dams comprised information from 151 drill samples.
The modelling and estimation method was:
-- The mineralised zone wireframe, representing the monazite zone, was
generated using the Leapfrog software package. The data was then
imported into Leapfrog from Datamine and the Vein modelling procedure
used to define contact surfaces at the Footwall/Lode and the Hanging
wall/Lode contacts.
-- Variograms were generated for each of the rare earth oxides ("REOs"),
Yttrium, Thorium and Uranium to assess the grade continuity and as
inputs for Ordinary Kriging.
-- Density values were estimated into the Steenkampskraal block model using
the Inverse Distance estimation method. A searches ellipse, set to the
range of the variograms was used.
-- The accumulations for the individual light REO and heavy REO, TREO,
Yttrium, Thorium and Uranium and sample length were estimated into the
block models using Ordinary Kriging.
GWMG President and Chief Executive Officer Jim Engdahl said, "We are extremely pleased to be able to deliver, as scheduled, a NI 43-101 resource estimate and technical report that achieves two vital goals for our Company. First, the report illustrates that the Steenkampskraal project is the high quality project that we believed it to be at the time we set out to acquire it. Steenkampskraal has been, and will continue to be, absolutely pivotal to the success of GWMG. Second, the report enables the release of funds from the Offering. With these funds in place, we are positioned to continue with the development of the Steenkampskraal operation including the exploratory drilling that we anticipate will further increase the resource base."
The NI 43-101 Report was prepared by Dr. John Hancox, Pr.Sci.Nat., of Caracle Creek International Consulting (Pty) Limited ("CCIC") of Johannesburg, South Africa. CCIC received assistance on the report from Snowden Mining Industry Consultants ("Snowden"), who undertook the mineral resource estimates for the main monazite deposit as well as the tailing dams within the Steenkampskraal project area. A Mineral Resource was estimated by Snowden under the supervision of Mr. Ivor Jones, Senior Principal Geologist and Group General Manager. The information in this release that relates to Mineral Resources as defined under NI 43-101 is based on information compiled by Mr. Ivor Jones and Dr. John Hancox.
Mr. Ivor Jones, (BSc. Hons), MSc, FAusIMM, CP Geo., is the Group General Manager of Geosciences with Snowden and contributed in producing the Mineral Resource estimate based upon the data provided by GWMG. Mr Jones has sufficient experience relevant to the type of deposit under consideration and to the activity which he is undertaking to qualify as a Qualified Person as defined under NI 43-101 rules. Mr Jones consents to the inclusion in this report of the matters based on his information in the form and context in which it appears and confirms that this information is accurate and not false or misleading.
Dr. John Hancox, Pr.Sci.Nat., is a geological consultant and has provided geological interpretations and the drillhole and underground channel sampling database for the Mineral Resource estimation. Dr. Hancox has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Qualified Person as defined under NI 43-101 rules. Dr. Hancox consents to the inclusion in this report of the matters based on his information in the form and context in which it appears and confirms that this information is accurate and not false or misleading.
Gary Billingsley, C.A., P.Eng., P.Geo., Executive Chairman of GMWG, is the Qualified Person responsible for supervising the preparation of the contents of the exploration section of this news release.
Great Western Minerals Group Announces Russell Grant Resignation
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) today announced the resignation of Russell Grant as Senior Vice-President, Business Development and as a Director of the Company.
Mr. Grant has served as Senior Vice-President, Business Development and as a Director since April 2010 during which time he has been responsible for initiatives that included the establishment of GWMG's joint venture agreement with Ganzhou Qiandong Rare Earth Group Ltd. and commercial development opportunities.
Mr. Grant stated, "It has been a distinct pleasure to work with GWMG over the past two years, participating in the transition of a company from being one with great potential to being one of the most fully integrated rare earth companies outside of China today. With the recent financing successfully in place and with the establishment of a professional delivery team, I feel certain that GWMG will prove to be a leader in the rare earth sector."
Jim Engdahl, President and Chief Executive Officer of GWMG said, "We sincerely thank Russell Grant for the extensive rare earth industry experience he has added to our Company over the past two years. His knowledge of the global rare earth sector has been of significant value to GWMG as we have developed our management group in a manner that enables us to be a global leader."
Great Western Minerals Group Ltd is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminum, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG also holds 100% equity ownership in Rare Earth Extraction Co. Limited, which owns a 74% equity interest in the Steenkampskraal Mine. In addition to an exploration program at Steenkampskraal, GWMG also holds interests in four active Rare Earth exploration and development properties in North America.
Great Western Minerals Group Satisfies Escrow Conditions for Release of Offering Funds
Great Western Minerals Group Ltd. ("GWMG" or the "Company"), (TSX VENTURE:GWG) (OTCQX:GWMGF) is pleased to report that it has satisfied the escrow release condition of the convertible bond financing (the "Offering") (See GWMG April 5, 2012 media release: GWMG Announces Closing of US$90 Million Convertible Bond Financing). The remaining funds, net of US$10.8 million that will remain in escrow to satisfy interest payments, will be released immediately to the Company.
In order to satisfy the escrow release condition, GWMG was obligated to have Caracle Creek International Consulting Inc. ("CCIC") provide the escrow agent with a letter ("Confirmation Letter") confirming that at least 20,000 metric tonnes of Total Rare Earth Oxides ("TREO"), in the sum of the Measured, Indicated, and Inferred resource categories using a one per cent cut-off grade, are present at the Steenkampskraal property.
The Confirmation Letter indicates the presence of at least 26,600 metric tonnes of TREO under the Inferred resource category. The Company expects to file the compliant resource estimate on the Steenkampskraal property (the "NI 43-101 Report") on or before May 31, 2012.
The Confirmation Letter is based on geological and assay information limited to the immediate area of the historic mine developments at Steenkampskraal including: recent resource confirmation drilling; the first phase of underground channel sampling; structural mapping; and underground mapping of mineralization.
Not included in the Confirmation Letter, but anticipated to be incorporated into the NI 43-101 Report, are results from recent sampling of mineralization in the up-dip and down-dip extremities of the historic mine area, the two tailings dams, and the rock dump.
As well, GWMG remains actively engaged in exploration activities at Steenkampskraal, as previously announced (See: GWMG Corporate Update media release, February 7, 2012). The Company launched a minimum 3,000 meter HQ drilling program that includes targeting extensions of mineralization on-strike and down-dip to the west and east, and outboard targets located in close proximity eastward from the historic mine site. A second exploration drilling program of continued infill and step-out boreholes building on positive results from the first exploration program is also planned for Steenkampskraal.
GWMG President and Chief Executive Officer Jim Engdahl stated, "We are extremely pleased to be able to deliver, as scheduled, the Confirmation Letter that enables the release of funds from the Offering. With these funds in place, we are positioned to continue with the development of the Steenkampskraal operation including the continuation of exploratory drilling that we anticipate will further increase the resource calculation."
Quality control measures for all assay results were assessed by CCIC during ongoing analytical procedures and staged receipt of assay data from the SGS Canada laboratory located in Toronto, Ontario.
Brent Jellicoe, B.Sc., P.Geo, is the Qualified Person for GWMG that is responsible for evaluation and exploration activities at Steenkampskraal, and for supervising the preparation of the technical contents of this news release. John Hancox, Ph.D., Pr.Sci.Nat., of CCIC is the principal independent Qualified Person responsible for supervising the ongoing resource evaluation of Steenkampskraal for GWMG.
Its only exciting for them if they can execute the program and get the stock moving nicely upward.
I have been an "optionaire" several times in my life, and when they stay underwater till they expire, that just plain sucks.
I'm sure the recipients are 'real' excited about that news today. nice move by management though, in terms of EE retention.
Great Western Minerals Group Grants Options
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG)(OTCQX:GWMGF) reports that, subject to regulatory approval, it has granted, as at April 17, 2012, to officers, directors and consultants an aggregate of 4,500,000 options to acquire common shares of the Company. The options are exercisable into common shares of Great Western Minerals Group Ltd. at a price of $0.63 per share for a period of five years from the date of grant and will vest in accordance with the Company's stock option plan.
Great Western Minerals Group Corporate Update
Great Western Minerals Group Ltd. (TSX VENTURE:GWG)(OTCQX:GWMGF)
Great Western Minerals Group Ltd. ("GWMG" or the "Company") Corporate Holdings:
-- 1 former producing mine: Steenkampskraal mine in South Africa under active development.
-- 1 rare earth mixed chloride production plant at Steenkampskraal: Under development.
-- 1 rare earth solvent extraction separation plant near Steenkampskraal: Under development.
-- 2 rare earth processing plants: Less Common Metals Limited ("LCM") in Birkenhead, U.K. and Great Western Technologies Inc. ("GWTI") in Troy, Michigan in operation.
-- 5 rare earth exploration projects: one at the Steenkampskraal site, four in North America.
GWMG Corporate Focus:
GWMG is executing its strategic plan to be a "first mover", as a fully integrated rare earth producer and processor, supplying its own rare earth inputs into its production and value-added cycle. Management discusses the strategy at http://www.gwmg.ca/html/news/corporate_videos/index.cfm.
GWMG Corporate Coverage:
Three analysts cover GWMG:
-- Byron Capital Markets: Analyst - Jon Hykawy: jhykawy@byroncapitalmarkets.com, 647-426-1656
-- Euro Pacific Canada: Analyst - Nick Agostino: nick.agostino@europac.ca, 416-649-4273
-- Cormark Securities Inc.: Analyst - Edward Otto: eotto@cormark.com, 416- 943-6748
Note: GWMG does not recommend nor endorse any research reports.
GWMG: Planning to be a "first mover" as a fully integrated rare earth producer and processor, with key strategic assets already in place or under development: Exploration - Mining - Chloride Production - Solvent Extraction Separation - Metal and Alloy Manufacturing
CEO Conference Call:
GWMG has scheduled a CEO Conference Call for 10:00 a.m. ET on Wednesday April 11, 2012. The conference call will cover GWMG's initiatives across the Company. To participate in the call:
-- 888-231-8191 (North America toll free)
-- 647-427-7450 (Local Toronto)
-- 0-800-051-7107 (for United Kingdom)
-- 0-800-835-354 (for Switzerland)
-- Passcode ID: 62965995
Participants are asked to dial in approximately ten minutes prior to the CEO Conference Call.
Participants who wish to view the presentation that will accompany the CEO Conference are asked to pre-register at: http://www.newswire.ca/en/webcast/detail/941675/1007765.
Participants can access the CEO Conference Call for up to one week as follows:
-- Encore Toll Free Dial-in Number: 1.855.859.2056
-- Encore Password: 62965995
-- Encore Dates: 11/04/2012 13:00 ET - 18/04/2012 23:59 ET
Exploration:
Phase 2 of Steenkampskraal Drill Program Launched:
On February 7, 2012, GWMG announced that the Company had launched a 3,000 meter exploration program that will include on-strike and down-dip drill-holes at the Steenkampskraal site to test the extension of the mineralized vein system. The drilling is targeting the strike extension of the monazite vein mineralization immediately west of the current mine site. As of the end of March 2012, 1,483 meters had been drilled to east and southeast of the minesite.
Steenkampskraal Phase 1 Assay Results:
On April 10, 2012, the Company released initial assay results from Steenkampskraal. The initial assay results for the first batch of samples taken at the Company's Steenkampskraal rare earth operation in South Africa were intended for confirmation of historic work and for metallurgical purposes. 198 of 841 samples submitted to SGS Canada Inc., including QA/QC blanks, duplicates and standards, were reported (See GWMG News Release of April 10, 2012: Great Western Minerals Group Reports Initial Steenkampskraal Rare Earth Assays).
Highlights were:
-- Underground Channel Sampling: Assays varying from 15.90% Total Rare Earth Oxide ("TREO") to 40.12% TREO with an average of 23.75% TREO.
-- Drill Core: Assays varying from 0.18% TREO to 31.07% TREO with an average of 13.83% TREO.
-- Surface Tailings: Assays varying from 3.85% TREO to 12.01% TREO with an average of 7.27% TREO.
-- In comparison to historical data for Steenkampskraal: Higher distribution of Neodymium, Dysprosium and Terbium.
-- In comparison to other rare earth companies' published exploration results: The level of Neodymium and REE's of strongest interest to GWMG including Heavy Rare Earth Elements is 34.5% of TREO, compared to 17.7% and 27.7% for two other leading rare earth companies.
Mining:
Mine Refurbishment:
As GWMG moves from the completion of the shaft and surface refurbishment program to underground refurbishment, ventilation continues to be enhanced with the installation of additional doors and curtains at strategic points to guide fresh air through the required areas of the mine. Given the Company's satisfaction with East Rand Engineering Services ("ERES") in earlier refurbishment work, ERES has been appointed to carry out the underground refurbishment program.
Mine Development:
Mine management has initiated the process for the selection of a firm to undertake the mine design and planning work. Progress on this front was facilitated by the approval of an Authorization Change Request submitted by the Company to the National Nuclear Authority of South Africa and approved in March 2012.
The Company has submitted an application for electrical network design and connection to link in to the Eskom power supply. The generators currently in use will revert to back-up status when the network supply is in place.
Community Relations:
In mid-March 2012, members of the Steenkampskraal management team conducted a forum with residents of two communities in the region. The management team discussed the project, its parameters and plans for the project using material produced in English and Afrikaans. The meetings were deemed to be very successful given subsequent indications of support for the Steenkampskraal project.
Updates:
Photographs of the continual progress being achieved at the Steenkampskraal mine site, on a month by month basis, are available on the GWMG website at:
http://www.gwmg.ca/html/projects/mining/steenkampsraal_update/index.cfm.
Mixed Chloride Production:
The contract between GWMG and DRA Mineral Projects (Pty) Ltd. ("DRA") of South Africa for the detailed design of the mixed chloride plant, to be located at the Steenkampskraal mine site, has been signed. DRA has been involved in all preliminary design work to date and has proven worthy of its reputation for managing projects with a "zero harm" focus and upholding world class quality standards, systems and procedures, based on ISO standards.
Solvent Extraction Separation:
Following the completion of a joint venture agreement between GWMG and Ganzhou Qiandong Rare Earth Group Ltd. ("GQD") of China for the design, construction and operation of a rare earth separation plant, to be located in the Steenkampskraal region, the two partners remain actively engaged in the work required to move the separation plant through the final design, construction and operation stages. An Environmental Impact Assessment is now underway.
Alloy Manufacturing:
GWMG's wholly owned subsidiary Less Common Metals Limited completed the first pour with its new strip casting furnace at the end of January 2012. Subsequently, the Company announced, on March 5, 2012, that LCM was in receipt of the environmental permit that will enable it to add metal making activities to its operations at Birkenhead, U.K. This was followed by the March 26, 2012 announcement that LCM had placed an order for a second strip cast furnace with the same supplier. When the second furnace arrives in November 2012 and is commissioned, alloy manufacturing capacity at LCM will be approximately double what it was prior to the introduction of the strip cast furnaces.
Corporate:
Financing:
On April 5, 2012, the Company announced the closing of a secured convertible bond offering (the "Bonds") that resulted in the company raising an aggregate principal amount of US$90 million (the "Offering"). The following are the terms of the Bonds:
-- Interest at the rate of 8.0% per annum, payable semi-annually;
-- Maturity date of April 6, 2017;
-- Convertible into common shares of the Company at a rate of C$0.66 per share (the "Conversion Price"); and
-- Security is a first charge against the Company's shareholdings of its various operating subsidiaries in the United Kingdom, the United States and South Africa.
The net proceeds raised from the Offering will be used to:
-- Complete a technical report on the Company's Steenkampskraal property in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects;
-- Advance the development of the Company's Steenkampskraal development project;
-- Construct the Company's mixed chloride production facility at Steenkampskraal;
-- Construct the separation plant near Steenkampskraal;
-- Purchase equipment and expand Less Common Metals Limited; and
-- Provide for general working capital purposes.
Other key terms of the Bond include:
-- US$10 million of the proceeds, plus expenses of the Offering, was advanced to GWMG on the closing date of the Offering;
-- In order to release the remainder of the proceeds from escrow, GWMG must complete a National Instrument 43-101 compliant resource estimate by May 31, 2012 that indicates that at least 20,000 metric tonnes of total Rare Earth Oxides ("REO"), in the sum of the Measured, Indicated and Inferred resource categories using a one per cent cut-off grade, are present at he Steenkampskraal property (the "Report"). If the Report is not delivered by May 31, 2012 the Company may deliver the Report prior to September 28, 2012, provided that the Conversion Price will be reduced by up to a maximum of 5%, calculated on a pro rata basis with respect to the number of days after May 31, 2012 that the Report is delivered;
-- If the Report is not delivered by September 28, 2012, the holders of the Bonds (the "Bondholders") may, upon the election of Bondholders holding greater than 50% of the principal amount of the Bonds, require that the Company redeem the full principal amount of all of the Bonds outstanding. If Bondholders holding greater than 50% of the principal amount of the Bonds do not elect to have the Company redeem their bonds, no Bonds shall be redeemed in connection with the foregoing and all of the remaining escrowed funds (other than the escrowed interest payments) will be released to the Company.
-- Upon the occurrence of a De-Listing Event or a Change of Control (each as defined in the terms and conditions of the Bonds), each Bondholder may elect to require the Company to redeem all or a portion of its Bonds at the principal amount plus accrued and unpaid interest.
-- GWMG can redeem all (but not a portion) of the Bonds at any time after April 5, 2015 if the volume weighted average price of GWMG's common shares has been at least 130 per cent of the Conversion Price for 20 days out of any consecutive 30 day period; and
-- Prior to October 5, 2014 (the "Reset Date") the Company shall certify that the proposed separation plant is operational, has been commissioned and, over any 90 day period expiring prior to the Reset Date, has produced not less than 500 metric tonnes of REOs. If the Company does not provide the required certification by the Reset Date, the Conversion Price shall be adjusted to the higher of: (i) the 20 day volume weighted average price of GWMG's common shares preceding the Reset Date; and (ii) 83.34 per cent of the Conversion Price on the closing date, provided that such adjusted Conversion Price shall never be greater than the Conversion Price in force immediately prior to such certificate being delivered.
The summaries above are for informational purposes are and subject in their entirety to the full terms and conditions of the Bonds, which are available under the Company's profile at www.sedar.com.
"...have either matched or exceeded the historical data. Second, the comparison of Rare Earth Element ("REE") distribution indicates that Neodymium, the primary REE consumed by our wholly owned subsidiary Less Common Metals, is at a higher distribution level than the historical data indicated."
Great results...bring on the 43-101! :)
Great Western Minerals Group's LCM Places Order for Second Rare Earth Strip Cast Furnace
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) today announced that its wholly owned subsidiary, Less Common Metals Limited ("LCM") located in Birkenhead, United Kingdom, has signed the contract for the purchase of a second rare earth strip cast furnace.
The new strip cast furnace features similar design and output capacity as the first strip cast furnace unit purchased by LCM in 2011 and commissioned in January 2012 (see GWMG news release, January 31, 2012: Great Western Minerals Group's LCM Successfully Completes First Pour with New Rare Earth Furnace).
LCM Managing Director Ian Higgins said, "The purchase agreement stipulates that the furnace will be shipped from China prior to the end of November 2012 at which time it will be installed at LCM by a team of engineers comprised of our own technical staff and personnel from the furnace manufacturer. The manufacturer was extremely complimentary about the level of technical competence and engineering support from LCM during the installation of the first furnace. The second strip cast furnace will increase the total production capacity of LCM to approximately 2,000 tonnes per annum of rare earth alloys."
GWMG President and Chief Executive Officer Jim Engdahl said, "GWMG remains committed to the capacity expansion of LCM in response to demonstrated industry demand. Twenty years of experience in the rare earth alloy industry on the part of LCM has meant a smooth transition in adding to our broad range of melting and reduction furnaces. That experience, combined with the planned output of rare earth materials from our Company's Steenkampskraal operation, will enable GWMG to ramp up quickly in response to demand growth on the part of our global customer base."
$GWMGF - Interesting take on the latest financing...
Congratulations to Great Western Minerals Group Ltd (TSX.V:GWG). Shame on the numerologists who see patterns in share price and market cap numbers determinative of actual production success.
The market’s technicians apparently didn’t like GW’s announcement of a financing that would fully fund the remaining portion of its mine to market strategy. People who live in the real world where products matter more than share prices of companies should nonetheless be euphoric. In my opinion GW will now be the first non-Chinese company ever to achieve the status of a vertically integrated producer of dysprosium from mine to market (in the form of an additive to neodymium-iron-boron powdered alloys that it makes today with Chinese material and will make tomorrow from its own neodymium and its own dysprosium).
This particular production of dysprosium will not enter the market as a raw material, but as a component of neodymium-iron-boron alloy to be used to make rare earth permanent magnets by GW’s customers. I have been told that of the total dysprosium to be produced, 34 mta is already spoken for by existing customer orders.Such alloys produced by the company’s LCM unit will be sold at considerably higher margins than currently obtained using imported Chinese produced RE metals. The same improvements in margins will be seen for GW in-house produced, at Steenkampskraal, from neodymium, praseodymium, samarium, and yttrium, in all of the supply of which for LCM the company will either be self-sufficient or have its need to purchase them on the open market significantly reduced.
This accomplishment is to be applauded by all who want a more equitable supply base, one free of state-mandated politics, of rare earths and their products.
So far, GW is the only company I am aware of to have achieved this goal in a context of credible experience and expertise and operating in a
The separation technology chosen by GW will be Chinese and as it is being engineered by a Chinese firm, just as many Chinese engineering firms are building roads and bridges in the USA right now, GW’s Chinese engineering firm has the know-how and connections to source unique Chinese materials necessary for such a plant to be brought into operation. Not the least of these is access to the specialized and proven extractants that 30 years of continuing experience have taught the Chinese REE separation industry to use to maximize recovery in the minimum amount of time for the least cost.
Shareholders in non-Chinese companies should ask the virgins in the management of their companies just how they plan to master the Kama Sutra of rare earth separation and purification without a single experience of the technology. If the answer is ‘from a book” cast the shares into the flames for they are nothing but sophistry and illusion as the philosopher once said of claims not backed up by the incontrovertible data of numerical measurement.
Now I’d like to turn to the regular supply to the open market of dysprosium. The companies furthest along in the development or ownership of the right sort of despots to become credible profitable suppliers of dysprosium, terbium, and yttrium are
Australia
Northern Minerals Ltd. (ASX:NTU)
Alkane(ASX:ALK)
TUC Resources Ltd (ASX:TUC)
Canada
Qwest Rare Minerals Ltd (TSX:QRM)
Matamec Explorations, Inc. (TSX.V:MAT)
Avalon Rare Metals Inc ( TO:AVL)
USA
Ucore (TSX.V:UCU, OTCQX:UURAF)
Rare Element Resources Ltd. (AMEX:REE)
Europe
Tasman Metals, Ltd. (AMEX:TAS)
The right sort of deposits include only those where the technology for extracting the REEs from the minerals in the ore body exists and has been proven or is being studied by well qualified process developers. In addition the companies that will be successful are those that are aware of the costs and difficulties of getting their process leach solutions separated into individual rare earth products of high enough purity for further processing.
These companies are also aware of the fact that Chinese companies each use their own brew of extractants and that the publicly available results of their operations are sparse as are the details of such operations in the open chemical engineering literature (at least in English-I would appreciate a bi-lingual, Chinese-English) chemical engineer describing for me whether or not this information is available, and freely available, in the open scientific literature within China).
These companies are also ware of the difficulty of obtaining outside of China even the most widely used extractant and of its small production even in China.
Expecting to design and build process chemistry for separating the REEs outside of China in a short time is a foolish idea, and even those who understand the problem must spend, literally, years, in sourcing key chemical materials. Further years are needed to prove in the plant to maximize its efficiency for the ore body in question.
The endless announcements about meeting one or another of the rules in the Canadian bible for obtaining dispensation to receive financing without being indicted for fraud tell me little about the actual probability of the company’s chance of producing anything competitively
Chemical engineering is for mining what manufacturing engineering is for alternate energy. Doing it on a table top proves little or nothing. Doing it in commercial volumes, efficiently, at the lowest cost proves everything.
http://www.raremetalblog.com/2012/03/congratulations-to-great-western-minerals-group-ltd-tsxvgwg-shame-on-the-numerologists-who-see-patterns-in-share-price.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2FIBmE+%28RareMetalBlog+%29
The ownership of Rare Earth Extraction is what give it immediate access to Steenskampskraal. The reason most don't discuss Hoidas Lake is that it is much further away from development and production than SKK, and the resources are going into getting SKK open again and producing.
Of course, like any good business, they are already thinking about their next source of supply, and Hoidas Lake seems a good candidate.
Other GWG holdings (maybe you all knew already, I had forgotten);
according to my brokers' summary description from today:
Hopefully, it is fairly up to date.
"
Great Western Minerals Group Ltd. is a Canada-based company with exploration and development properties in North America. As of December 31, 2009, the Company held a 100% interest in the Hoidas Lake rare earth minerals (REE) property. The property includes 14 mineral dispositions totaling 12,522 hectares (ha), and covers over 30 known rare earth showings. It holds a 25% interest in rare earth elements (REE) contained in a heavy mineral sands project in Utah. The Benjamin River Project covers 55 claims totaling 880ha and hosts an apatite-diopside-magnetite vein that has been traced on surface for 800 meters along strike, with an apparent width of up to 50 meters. In January 2011, it acquired a 70.2% interest in Rare Earth Extraction Co. Limited. In March 2011, the Company completed the purchase of 92.6% of the shares (Rareco Shares) of Rare Earth Extraction Co. Limited. In July 2011, the Company acquired Rare Earth Extraction Co. Limited.
"
i,am all inn for 92% till 2015 yes sir i do...
I'm holding...
it is stil a 10/15 bagger
80 mil a 2.50ct say 200 cap (must go to 2.5 B)
Read the entire article. CEO is stepping down and 5 for 1 reverse split mentioned. Not necessarily bad, is what it is...
Do you, or anyone on this board, think this makes this
an entry point for this? I have not followed the company
for long.
Additionally, GWMG announced today that CEO and President Jim Engdahl has recommended to the Board of Directors (the "Board") of GWMG that a transition process be put in place to recruit and select a new Chief Executive Officer for the Company. The Board has accepted that recommendation and has authorized Mr. Engdahl to begin the recruitment and selection process.
So be it....
I was saying yesterday that the bond financing was the
reason for the halt and the increase to .63. Now why the
drop?
$GWMGF
Great Western Minerals Group Announces Pricing of US$80 Million Convertible Bond Financing
March 16, 2012 (Source: Marketwire) --
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG)(OTCQX:GWMGF), today announced that GMP Securities L.P. and ISM Capital LLP, as co-lead agents, along with Byron Capital Markets Ltd. (collectively, the "Agents") have priced the offering ("Offering") of secured convertible bonds (the "Bonds"), as announced on March 14, 2012, in the amount of US$80 Million. In addition, the Agents have been granted an option to increase the size of the Offering by up to an additional US$10 million at any time at least two days prior to closing and settlement of the Offering.
The Bonds will bear interest at the rate of 8%, will become due five years from the date of issuance and will be convertible into common shares of GWMG ("GWMG Shares") at a conversion rate of C$0.66 per share, representing a premium of 20% relative to the closing share price of C$0.55 per share on the TSX Venture Exchange on March 14, 2012. The closing and settlement of the Offering is anticipated to take place on or about April 5, 2012.
GWMG President and Chief Executive Officer Jim Engdahl said, "The successful pricing of this financing is an important achievement for GWMG. It is particularly gratifying that the Offering has been so well received, conveying a high degree of confidence in the future of our Company. According to our Company's most recent estimates and in the opinion of GMWG management, this financing enables GWMG to construct the mixed rare earth chloride and separation plants for Steenkampskraal and provide the National Instrument 43-101 technical report. This is a pivotal moment for GWMG."
Additionally, GWMG announced today that CEO and President Jim Engdahl has recommended to the Board of Directors (the "Board") of GWMG that a transition process be put in place to recruit and select a new Chief Executive Officer for the Company. The Board has accepted that recommendation and has authorized Mr. Engdahl to begin the recruitment and selection process.
Jim Engdahl stated, "I believe it is in the best interests of GWMG at this time to commence a process that sees an orderly transition to the appointment of a new CEO. GWMG is about to make the considerable leap to being what I believe will be one of the most fully integrated rare earth producers in the world. My stated objective was to position the Company for rapid growth with an integrated model and on a fully funded basis. This has now been achieved."
Gary Billingsley, Executive Chairman of GWMG added: "Jim has guided GWMG from being a junior rare earth exploration company, to its current status where it is poised to become one of the few integrated rare earth producers in the world. We have reluctantly accepted Jim's proposed transition."
Great Western Minerals Group Ltd. is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminum, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG also holds 100% equity ownership in Rare Earth Extraction Co. Limited, which owns a 74% equity interest in the Steenkampskraal Mine. In addition to an exploration program at Steenkampskraal, GWMG also holds interests in four active Rare Earth exploration and development properties in North America.
In addition, in connection with the Offering, the Company has agreed to use reasonable commercial efforts to consolidate its common shares on a 5 to 1 basis, or such other ratio as the Company may determine, subject to shareholder and regulatory approval.
Email inquiries should be made to info@gwmg.ca and the company website is located at www.gwmg.ca. Inquiries by direct mail should be addressed to Great Western Minerals Group Ltd., 219 Robin Crescent, Saskatoon, SK S7L 6M8.
The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of GWMG as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. Those factors include, but are not limited to the successful completion of the Offering, the construction, commissioning and operation of the proposed monazite processing facility and separation facility, mine refurbishment activities, reliance on third parties to meet projected timelines, the results of the exploration program at Steenkampskraal, completion of a resource estimate and commencement of production at Steenkampskraal, satisfaction of the conditions precedent with respect to GWMG's offtake agreement, receipt of all required approvals (including those relating to the commencement of production at the Steenkampskraal mine, environmental matters, water and land use) and risks, uncertainties and other factors that are beyond the control of GWMG, risks associated with the industry in general, commodity prices and exchange rate changes, operational risks associated with exploration, development and production operations, delays or changes in plans, risks associated with the uncertainty of reserve or resource estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although GWMG believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of GWMG contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement and the risk factors contained in GWMG's current annual information form available at www.sedar.com.
CUSIP: 39141Y 10 3
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.
http://www.raremetalblog.com/2012/03/great-western-minerals-group-announces-pricing-of-us80-million-convertible-bond-financing.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2FIBmE+%28RareMetalBlog+%29
Of course, you need to follow your own DD and your own trading strategy. My own view is that this is one that may have some very sudden surprises for us, and I would rather be in months too early, than one day too late.
All, or most REE stocks are retreating after the runup that
was started by MCP the other day. I ventured my opinion
why GWMGF went up in the post below but have seen no
expert, or PR statements. I am not in it yet, but am watching.
Pretty good day, but the best days are yet to come, I reckon.
Good day for you, I imagine!!
Looks like a positive development to me. Obtained the
necessary financing with out diluting common shares.
More companies should follow this approach, IMO.
The Bonds will become due five years from issuance and will be convertible into common shares of GWMG ("GWMG Shares") at a conversion rate yet to be determined. The most recent closing price of the GWMG Shares was $0.55.
The net proceeds of the proposed Offering are intended to be used by the Company as follows: (i) to complete a technical report on the Company’s Steenkampskraal property in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects; (ii) to advance the development of the Company's Steenkampskraal operation; (iii) for the construction of the Company’s monazite processing facility; (iv) for the construction of the Company's separation facility; (v) for equipment purchases and expansion of Less Common Metals Limited; and (vi) for general working capital purposes.
No No it,s to easy to stop the show.
I think take over,jv or 43/101
This may be it but I doubt it. I have the whole article but
due not dare publish here. Yet.
Great Western Minerals Group Announces Proposed Secured Convertible Bond Financing
March 15, 2012 (Source: Great Western Minerals Group) --
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES
Great Western Minerals Group Ltd. ("GWMG" or the "Company", TSX:V — GWG) is pleased to announce that it has engaged GMP Securities L.P. and ISM Capital LLP, as co-lead agents, along with Byron Capital Markets Ltd. (collectively, the "Agents") to act as its exclusive Agents in connection with its intention to offer (the "Offering") secured convertible bonds (the "Bonds").
must be big news ??
Just before the halt, Fidelity showed the 10% jump in stock price.
I'm guessing that doesn't really mean anything until we hear the news right...?
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Great Western Minerals Group Ltd.
119A Cardinal Crescent
Saskatoon, SK S7L 6H5
Canada
http://www.gwmg.ca/
Phone: 306-668-0701
Fax: 306-668-0289
E-mail: info@gwmg.ca
From the great Western Website, IR section:
Share Structure (as of March 01, 2011)
Common shares issued and outstanding: | 366,169,919 | |
Unexercised warrants: | 63,584,400 | |
Unexercised share options: | 29,630,000 | |
Total: | 459,383,919 |
(From GWMGF website 4/10/2011)
Using the above information plus the closing price for 4/8/2011, Estimated Market Cap is $315,089,215.30
About Great Western Minerals Group:
Great Western Minerals Group is a Canadian-based company with a vertically-integrated, business model in the rare earth element industry through exploration, mine development and specialty metals production. Through its wholly-owned subsidiaries, Less Common Metals Limited, located in Birkenhead UK, and Great Western Technologies Inc., located in Troy, Michigan, the Company produces a variety of specialty alloys for use in the rechargeable battery, permanent magnet, automotive and aerospace industries. Less Common Metals currently supplies 20% of the world's SmCo alloy for used in permanent magnets and is a significant supplier of alloys for NdFeB permanent magnets. Listed on the TSX Venture Exchange (TSX.V: GWG) and the OTCQX: GWMGF, Great Western Minerals Group is engaged in the acquisition, exploration, and development of rare earth mineral properties in Canada, the United States and Africa.
Current properties include two rare earth projects in Saskatchewan, Canada, one in New Brunswick, Canada, one in Utah, USA, and one in South Africa (see Projects). The most advanced projects are the 100%-owned Hoidas Lake Rare Earth Project, located in northern Saskatchewan, and the Steenkampskraal Project in South Africa.
Rare earth elements (REEs) are used in many alternative energy technologies such as wind power generation, fuel cells, rechargeable batteries, hydrogen storage, and permanent magnets used in electric and electric-hybrid vehicles. The rare earth elements comprise the lanthanide series of elements on the periodic table.
Ownership
Great Western Minerals Group owns
100% of Great Western Minerals (GWMG), whose exploration and development is focused on the rare earth elements.
100% of Great Western Technologies Inc. (GWTI); and
100% of Less Common Metals Ltd. (LCM).
Links to Current Financial Reports From The Company:
GWMG Consolidated Financial Statements, Q4 2010 PDF (429KB)
GWMG Mangement's Discussion & Analysis, Q4 2010 PDF (247KB)
GWMG Consolidated Financial Statements, Q3 2010 PDF (429KB)
GWMG Mangement's Discussion & Analysis, Q3 2010 PDF (247KB)
GWMG Consolidated Financial Statements, Q2 2010 PDF (429KB)
GWMG Mangement's Discussion & Analysis, Q2 2010 PDF (247KB)
GWMG Consolidated Financial Statements, Q1 2010 PDF (429KB)
GWMG Mangement's Discussion & Analysis, Q1 2010 PDF (247KB)
Transfer agent info from earlier version of board. Still needs verification:
Transfer Agent
Computershare Trust Company of Canada Inc.
510 Burrard St.
Vancouver, BC V6C 3B9
CAN
Contacts:
Great Western Minerals Group Ltd.
Dwight Percy
Manager - Investor Relations
Phone: (306) 260-9981
E-mail: info@gwmg.ca
Website: www.gwmg.ca
Great Western Minerals Group Head Office
Great Western Minerals Group Ltd.
219 Robin Crescent
Saskatoon, SK S7L 6M8
Canada
Phone: (306) 659-4500
Fax: (306) 659-4501
E-mail: info@gwmg.ca
SOURCE: Great Western Minerals Group Ltd.
Company Website:
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