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Reminder - About Canada Silver Cobalt Works Inc. ( CCWOF ) www.canadasilvercobaltworks.com
Canada Silver Cobalt Works ( CCWOF ) released the first-ever resource in the Gowganda Camp and greater Cobalt Camp. In May 2020. A total of 7.56 million ounces of silver in Inferred resources comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020).
Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space.
It may go up and down for awhile but longer term in order to meet future supply and demand it has to go up well over $9 USD minimum. $12-15 is where I think it will go. Giga at that level should be way over 10X from here. Just don't know how long that will be.
Don't know them but you may want to consider Braveheart RIINF.
The harder I looked at it the better I like it. A lot like CCW although copper. Lots of resource not reflected in price. Yet not that far from production to help pay for increasing resources. I run that chat board so good info there.
This one will give monster profits for current level shareholders that are willing to hold as long as it takes.
Global Metals & Mining Live Virtual Investor Conference October 20th, 21st, 22nd
BY Canada NewsWire
— 1:19 PM ET 10/16/2020
Company Executives share vision and answer questions live at VirtualInvestorConferences.com
Braveheart Resources Inc presents
Oct 21st 2:30 PM
NEW YORK, Oct. 16, 2020 /CNW/ - Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Global Metals and Mining Virtual lnvestor Conference. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals & mining companies discuss their property positions, development schedules, market opportunity, and investment highlights. The program opens at 9:00 AM ET, with the first webcast at 9:15 AM ET on Tuesday, October 20th.
REGISTER NOW AT: https://bit.ly/3lU1utQ
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations or ask questions.
"We are pleased to host the three-day Global Metals and Mining Virtual Investor Conference highlighting the breadth and diversity of today's leading resource companies," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We appreciate the collaboration of our co-sponsor Amvest Capital and welcome the contributions of signature speakers: Giri Tenneti, Senior Manager, Issuer Services of the Australian Securities Exchange, Daniel Oliver Jr., Managing Member, Myrmikan Capital, LLC, Stephen A. Shipman, CFA, Arden Investment Advisors and Daniel Mamadou, Managing Director, Head of Technology Metals, Noble Group Holdings.
"We are thrilled to host the Global Metals and Mining Investor Conference with OTC Markets. There is no better time than now to learn and invest in the future of Materials. The valuable information presented by our roster of companies is the best path to discover opportunities", says Gabriel Alonso-Mendoza, Managing Partner at Amvest Capital Inc.
Canada Silver Cobalt Provides Update on the Advancement of the Robinson Zone Ramp Project
COQUITLAM, BC, Oct. 16, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce significant ramp project advancement in environmental studies, site development, community engagement, First Nations consultations, and exploration which will further de-risk the Robinson Zone Project which is 100-percent owned by the Company, in the 78-square-kilometre Castle Silver Mine property, in Gowganda, Ontario, Canada.
Highlights and updates:
Engaged an environmental consultant to begin a gap analysis at the Robinson Zone. The gap analysis will develop a baseline study for ramp development. The company plans to setup drill stations underground to further the exploration program. A bulk sample will be taken for metallurgical testing.
Engaged a mining consultant to develop a scope of work for the upcoming engineering studies to design the ramp. The necessary information has been forwarded to the mining consultant.
Retained SGS Lakefield to further develop the company's Re-2OX process. The metallurgical program will consist of producing battery-grade cobalt and nickel sulfates with the recovery of silver into dore bars.
Advanced the 2020-21 Robinson Zone 50,000-meter drill program in the fourth quarter with 20 percent completed to date and with appropriate COVID-19 protocols in place. Four new, mineralized vein structure have been identified. The exploration target is enlarged up to 135 metres East-West, up to 100 metres North-South and up to 256 metres vertically.
Matt Halliday, P.Geo., President, commented: "This is a pivotal moment for CCW. With the continued success of the drill program, building a ramp to further de-risk the project is the next stage in developing a robust resource. The company is adding to our technical team to execute the exploration and development plans."
Location
The Castle Property is 15 km east of Pan American Silver's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (APGO) VP Exploration of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.
About Canada Silver Cobalt Works Inc. www.canadasilvercobaltworks.com
Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp. In May 2020. A total of 7.56 million ounces of silver in Inferred resources comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020).
Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space.
"Frank J. Basa"
Frank J. Basa, P. Eng.
Chief Executive Officer
Increased my holdings today. Happy for the low price. It won't last.
Sept 30th interview
Vancouver, BC – Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to report on the completion of a comprehensive study by Stantec Consulting to identify the most suitable locations in North America for installation of Medallion’s proposed rare-earth element (REE) production facility utilizing monazite from mineral sands.
The Company has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global, mineral sand-mining operations.
The trade-off study was designed to compare US and Canadian localities based on a series of commercial and practical factors that will impact on performance and profitability. Appropriate infrastructure, access to required chemicals, access to monazite feed stock, proximity of skilled labor, downstream market access, corporate taxation, weather as well as handling, management and disposal of radioactive wastes were prioritized.
The study has identified and ranked a range of regions that appear highly suitable for further investigation. While detailed study results remain confidential, U.S. states with access to the Gulf Coast present many advantages. Medallion is now seeking additional detail from the highest-ranked areas to narrow site choices.
The suitability of the U.S. for the production of REEs by the Medallion Monazite Process has been heightened in recent weeks by the bipartisan introduction of legislation (Reclaiming American Rare Earths (RARE) Act) by Texan Senators Congressman Lance Gooden (R-TX) and Vicente Gonzalez (D-TX), as well as the recent executive order issued by the White House that provides opportunity for U.S. government support of critical mineral/metal production.
The RARE Act aims “…to reduce America’s dependence on China for rare-earth minerals used in technology manufacturing. The RARE Act would establish tax incentives for the domestic production of rare-earth elements and minerals used to build the technology that keeps our country safe and connected”.
In addition, the September 30, 2020 executive order from President Donald Trump declared: “It is the policy of the United States … [to] prioritize the expansion and protection of the domestic supply chain for minerals and the establishment of secure critical-minerals supply chains.” The executive order stated, a “strong America cannot be dependent on imports from adversaries for the critical minerals that are increasingly necessary to maintain our economic and military strength in the 21st century.”
“We are pleased to have completed this siting project with the support of Stantec,” said Mark Saxon, President & CEO. “The benefits of the Medallion Monazite Process include the modular and scalable design and the need for only commercially-available chemicals. With a small footprint, we envisage it as able to be incorporated in many existing process facilities both in North America and internationally.”
The Company has recently welcomed Talaxis Ltd as a shareholder and partner to support the sourcing of raw materials including monazite and is now reviewing downstream separation partnerships.
Monazite is used today as a source of REEs in both China and India, where it is considered an attractive feedstock due to its high REE content (up to 65% REE by weight) and the relatively high abundance of the magnet metals neodymium (Nd) and praseodymium (Pr).
About Medallion Resources
Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials.
Issued and outstanding shares as of today's date total 69,635,476.
Very impressive
Here is recommendation from August. His #1 pick.
AbraPlata Engages Torrey Hills Capital
Toronto - TheNewswire – October 13, 2020: AbraPlata Resource Corp. (TSXV:ABRA) (OTCPK:ABBRF) ("AbraPlata" or the “Company”) is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. ("Torrey Hills Capital"), a Rancho Santa Fe, California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to acceptance by the TSX Venture Exchange ("TSX-V"). Cliff Mastricola is the principal of Torrey Hills Capital and will be responsible for all activities related to AbraPlata.
Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and microcap companies. Torrey Hills Capital will increase awareness about AbraPlata through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience in both the U.S. and Canadian marketplaces.
Torrey Hills Capital has been engaged at a rate of US$4,500 per month for an initial term of six months. After the initial term, the agreement will terminate unless otherwise extended by both parties. AbraPlata has also agreed to a one-time grant of 200,000 incentive stock options (the "Options") exercisable at a price of C$0.30 per share for a period of three years. The Options will be subject to the terms of the Company's stock option plan and will vest in accordance with the provisions therein and the policies of the TSX-V.
Torrey Hills Capital currently has no direct or indirect interest in the securities of AbraPlata, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options.
The appointment of Torrey Hills Capital as an investor relations consultant of AbraPlata and the granting of the Options remain subject to regulatory acceptance of applicable filings with the TSX-V.
Medallion Completes Siting Study for North American Rare-Earth Element Production Facility
VANCOUVER, British Columbia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) (“Medallion” or the “Company”), is pleased to report on the completion of a comprehensive study by Stantec Consulting to identify the most suitable locations in North America for installation of Medallion’s proposed rare-earth element (REE) production facility utilizing monazite from mineral sands.
The Company has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global, mineral sand-mining operations.
The trade-off study was designed to compare US and Canadian localities based on a series of commercial and practical factors that will impact on performance and profitability. Appropriate infrastructure, access to required chemicals, access to monazite feed stock, proximity of skilled labor, downstream market access, corporate taxation, weather as well as handling, management and disposal of radioactive wastes were prioritized.
The study has identified and ranked a range of regions that appear highly suitable for further investigation. While detailed study results remain confidential, U.S. states with access to the Gulf Coast present many advantages. Medallion is now seeking additional detail from the highest-ranked areas to narrow site choices.
The suitability of the U.S. for the production of REEs by the Medallion Monazite Process has been heightened in recent weeks by the bipartisan introduction of legislation (Reclaiming American Rare Earths (RARE) Act) by Texan Senators Congressman Lance Gooden (R-TX) and Vicente Gonzalez (D-TX), as well as the recent executive order issued by the White House that provides opportunity for U.S. government support of critical mineral/metal production.
The RARE Act aims “…to reduce America's dependence on China for rare-earth minerals used in technology manufacturing. The RARE Act would establish tax incentives for the domestic production of rare-earth elements and minerals used to build the technology that keeps our country safe and connected.”
In addition, the September 30, 2020 executive order from President Donald Trump declared: “It is the policy of the United States ... [to] prioritize the expansion and protection of the domestic supply chain for minerals and the establishment of secure critical-minerals supply chains.” The executive order stated, a “strong America cannot be dependent on imports from adversaries for the critical minerals that are increasingly necessary to maintain our economic and military strength in the 21st century.”
“We are pleased to have completed this siting project with the support of Stantec,” said Mark Saxon, President & CEO. “The benefits of the Medallion Monazite Process include the modular and scalable design and the need for only commercially-available chemicals. With a small footprint, we envisage it as able to be incorporated in many existing process facilities both in North America and internationally.”
The Company has recently welcomed Talaxis Ltd as a shareholder and partner to support the sourcing of raw materials including monazite and is now reviewing downstream separation partnerships.
Monazite is used today as a source of REEs in both China and India, where it is considered an attractive feedstock due to its high REE content (up to 65% REE by weight) and the relatively high abundance of the magnet metals neodymium (Nd) and praseodymium (Pr).
This is insanely undervalued at today's price. Stupid cheap.
Keep in mind this is stupid cheap based on BHT's Bull River Mine only. Soon we will get news on a whole new acquisition the Theirry Project which is also very valuable and they are getting it very cheap. Once they close on the BHT will be much more valuable.
Less than $.06 USD is just plain stupid cheap.
I had a good day here and was able to fully load my position at very good price IMO. Locked and loaded and will watch things develop from this undervalued point in its history.
Whoohoo my $.054 buy was filled.
Braveheart Increases Size of Financing Up To $1,050,000
Calgary, Alberta--(Newsfile Corp. - October 13, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce an increase in the financing previously announced on September 22, 2020 from $525,000 to $1,050,000 due to investor demand. The initial financing of $525,000 was arranged through Palisades Goldcorp Ltd.
The financing will consist of up to 14,000,000 units ("Units"), priced at $0.075 per Unit for proceeds of up to $1,050,000 (the "Offering"). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.11 per share for a period of three years from the Offering.
The Company may pay finder's fees from the proceeds of the Offering. The proposed financing and any finder's fees are subject to TSX Venture Exchange approval. All securities will be subject to a statutory hold period that expires four months and one day from issuance.
The proceeds from the financing will allow the Company to continue with engineering and permitting activities at its 100% owned Bull River Mine project near Cranbrook, British Columbia and accelerate development activities.
About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in favourable and proven Canadian mining jurisdictions. Braveheart's main asset is the Bull River Mine project near Cranbrook, British Columbia which has a current mineral resource containing copper, gold and silver.
Contact Information
Braveheart Resources Inc.
Ian Berzins
President & Chief Executive Officer
I was expecting a pullback. I think yesterday in US was an aberration.
I picked up some today hope to get more. I suspect this will float along until be get significant news. It may pullback more (temporarily) when update on Thierry Project delay is announced. But I also expect the Project acquisition will be closed. That will be a huge positive and profitable acquisition for BH and will positively affect share price. May take a month or so the resolve. So how the pps reacts in the near is unknown. As stated above I think it will float in the $.048-.10 range. That said I feel this is undervalued by many multiples at this price. So I am buying on dips.
Hope to pick up more today if it pulls back alittle.
AbraPlata Drills 10.20 g/t AuEq Over 2 m and Adds Second Drill Rig To Expand and Accelerate Exploration Program at Diablillos Project
Toronto - October 13, 2020: AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the “Company”) is pleased to announce results from three diamond drill holes at its wholly-owned Diablillos in Salta Province, Argentina. Drilling was designed to test extensions beyond the currently defined mineral resources. The holes intersected numerous zones of gold and silver mineralisation within oxides beneath the current resource boundary. Two of the holes also intercepted zones of sulphide mineralisation hosting copper with associated gold and silver farther down the holes, beneath the oxide zones.
The Company has added a second drill rig at the Diablillos project and will be further expanding its 2019-2020 drill program from 8,000 m to approximately 13,000 m in response to successful drilling results to date and to test other high-priority exploration targets on the Diablillos property. The second drill rig is at site and is expected to commence drilling activities by the end of the week.
Wild day but low volume. It will be interesting to see how tomorrow is with Canada market open. I doubt it will be too exciting. I expect news one of these days on the Thierry Project. I think there will be some delay with it. But once that is done this one which is worth over $20 Million now will be worth much more. Someday this sub $.10 levels will look so cheap. Just not sure how long that will be.
UP 100% Showing some interest and excitement this morning. But the volume is not exciting so would not overstate its meaning. But I was buying earlier this morning as I truly feel this is very undervalued.
$2453 Palladium. Good for Grid's future.
Continue to DD this one. Nice pullback. I spoke with CEO today and am very convinced this is 5-7x undervalued now. Market cap less than $6 Million. Worth $20-30 Million. Great time to load up. Only thing I don't know is how soon it will move closer to fair value but it will.
Heard comment that $4 copper over next couple years. That would be great for BH.
I spoke with Braveheart CEO today. I am Very positive on this one.
He said true value of this is well over $20-30 Million. But market cap is only $6 million. Zacks did a report gave a year end target of $0.37 US.
I found a Zack's report on Braveheart
Based on a calculation of fully diluted share value
of attributable resources, which uses the most
recent 43-101-compliant reports and company
guidance, a target of USD $0.37 per share is indicated.
That does not consider the Thierry Project. Which will add significant value when acquired. Which I hear was delayed to allow their shareholders to vote. Sometime in November. If that succeeds the value of Braveheart is be much higher. SO BUY now if you can afford to hold and allow things to develop. This is very undervalued 7x minimum.
Another reason to buy. NR of Braveheart purchasing the Thierry Project. If it goes through they are getting $100[img]s million dollar project for pennys on the dollar. NR on approval for this is expected any day now.
Here is a NIA write up on this project. Note the value of this purchase. $100s of millions vs BH market cap less than 6 million.
Braveheart Resources (TSXV: BHT) is currently laser focused on achieving re-permitting of the Bull River Mine with a planned ultimate restart of mining and milling operations at the mine in the foreseeable future. However, the company has always made it clear that they are constantly on the look out for opportunities to rapidly increase shareholder value through the acquisition of additional advanced-stage projects similar to the Bull River Mine.
Within the next 30 days, we expect BHT to close on an acquisition that will give BHT 100% ownership of a massive advanced-stage exploration project in Ontario containing four large deposits of base/precious metals with two having HUGE resources. One of these deposits is a major past producing underground mine with very valuable pre-existing underground infrastructure already in place!
BHT has negotiated an amazing deal for this high quality project that we have very good reason to believe will increase shareholder value in a meaningful way! BHT is paying only CAD$300,000 cash plus 13.5 million BHT shares while giving a 2% NSR royalty to the current owner (half of the royalty can be repurchased by BHT at any time in the future for CAD$1 million). The current owner is selling the project to BHT at such a low price because they believe the 13.5 million BHT shares they are receiving will soon become extremely valuable due to the Bull River Mine being rapidly advanced towards near-term production!
The massive 4,700 hectare project being acquired is called the Thierry Mine Project located 15 km west of Pickle Lake, Ontario and is accessible year-round by paved and all-weather roads.
The largest deposit at Thierry is called the K1-1 open pit and a 2012 resource estimate said that the K1-1 open pit has an inferred resource of 53,614,000 tonnes grading 0.38% copper, 0.10% nickel, 0.14 g/t palladium, 0.03 g/t gold, 0.05 g/t platinum, and 1.83 g/t silver. The K1-1 open pit contains an inferred 449.15 million lbs of copper, 118.2 million lbs of nickel, 241,322 oz of palladium, 51,712 oz of gold, 86,186 oz of platinum, and 3,154,424 oz of silver. Based on current metals prices the total in-ground value of the K1-1 open pit's inferred resource is USD$2.916 billion! Of this amount, copper accounts for 45.91%, nickel accounts for 26.98%, palladium accounts for 17.98%, while gold/platinum/silver account for 9.13%.
The past producing Thierry Underground Mine is located 3km across from the K1-1 open pit. A 2012 resource estimate said that the Thierry Underground Mine has a measured & indicated resource of 8,815,000 tonnes grading 1.66% copper, 0.19% nickel, 0.13 g/t palladium, 0.05 g/t gold, 0.04 g/t platinum, and 4 g/t silver. The Thierry Underground Mine contains a measured & indicated 322.6 million lbs of copper, 36.92 million lbs of nickel, 36,843 oz of palladium, 14,170 oz of gold, 11,336 oz of platinum, and 1,133,634 oz of silver. Based on current metals prices the total in-ground value of the Thierry Underground Mine's measured & indicated resource is USD$1.356 billion. Of this amount, copper accounts for 70.9%, nickel accounts for 18.12%, palladium accounts for 5.9%, while gold/platinum/silver account for 5.08%.
The current owner of the Thierry Mine Project last actively explored the project during the year 2011. Its market cap during the year 2011 ranged from CAD$15 million up to CAD$27 million, which was entirely for the Thierry Mine Project. After BHT closes on the acquisition of the Thierry Mine Project, we expect BHT to hire an independent firm to verify the most recent resource estimate from 2012 for the purpose of BHT filing a new up-to-date 43-101 compliant resource estimate. With base/precious metals beginning to boom like in 2011, imagine what BHT's market cap/enterprise value could soon rise to as they begin to advance the Thierry Mine Project while simultaneously bringing the Bull River Mine into production!
A few days ago, BHT announced that the debenture holders who they owe CAD$6 million have decided to do an early conversion on the first 40% of the convertible debenture debt, by converting CAD$2.4 million in debt to 12 million BHT shares at the conversion price of $0.20 per share, which clearly shows that they expect BHT to soon be trading for well above $0.20 per share - otherwise they had no other reason to convert at this time! The CAD$3.6 million in remaining convertible debenture debt can be converted to BHT shares beginning on January 21, 2023 at an even higher price of $0.30 per share!
Summary of recent funding (at price much higher than current price)
Help show BH is undervalued compare to funding sources expectation of that BH share price should be.
Sept 22
The funding will consist of 7,000,000 units (“Units”), priced at $0.075 per Unit for proceeds of $525,000 (the “Offering”). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.11 per share for a period of 3 years from the Offering
Sept 01
The Company issued 2,222,222 units at $0.1125 per unit for total proceeds of $250,000. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.1875 per share for a period of 60 months from the offering. No commissions were paid in connection with the offering. All securities will be subject to a statutory hold period that expires four months and one day from issuance.
August 14, 2020
Calgary, Alberta--(Newsfile Corp. – August 14, 2020) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB:RIINF) ("Braveheart" or the "Company") hereby announces that it has reduced its debt by $2.4 million through the early conversion of 40% of its $6.0 million Series A Convertible Debenture (the “Debenture”) into shares of the Company. Effectively the Company will issue 12 million shares of Braveheart at a conversion price of $0.20 per share to 2166687 Alberta Ltd. (“2166687”) as resolution of a portion of its convertible debt. 2166687 is a holding entity for approximately 90 underlying note holders.
Previously, on March 11, 2020,
the Company announced the restructuring of its Debenture that was originally negotiated with CuVeras LLC and the Secured Debenture Holders of CuVeras, operating through 2166687. Under the restructured agreement with 2166687, the maturity date of the original Debenture was extended for an additional two years and will now mature on January 21, 2024. The Debenture will continue to accrue annual interest of 1% and 2% respectively in the second and third year of the Debenture. The Debenture will accrue annual interest of 5% for each of the fourth and fifth years of the Debenture. The conversion price was amended such that immediately, up to 40% of the principal amount of the Debenture can be converted into shares of Braveheart at a price of $0.20 per share. After 48 months from the original date of issuance, or January 21, 2023, the balance of the principal amount of the Debenture can be converted into shares of Braveheart at a price of $0.30 per share. If the remaining 60% of the Debenture is fully converted into common shares of Braveheart, an additional 12,000,000 common shares will be issuable to the underlying note holders of 2166687. The amendments to the original Debenture have been approved by the TSX Venture Exchange.
Corp Presentation-- recommented reading
https://braveheartresources.com/site/assets/files/2184/bht-braveheart-sept2020jemini-b.pdf
POP. We had a good day for a change. Nice to see.
At current price this is insanely undervalued. $100 millions have been spent in past on this project.
Market cap is less than $6 million.
I heard from Braveheart today the following that adds to my glee in being able to buy under $.06 today
...An additional 12 million shares will be issued associated with the conversion of $2.4 million in convertible debt into shares at $0.20 per share.
Contacted Braveheart about current share structure. Here is the answer from CEOOur share structure as of September 30th is as follows:
Issued and outstanding: 117.8 million
Warrants: 36.35 million @ $0.15
Options: 8.2 million
An additional 12 million shares will be issued associated with the conversion of $2.4 million in convertible debt into shares at $0.20 per share.
Braveheart Arranges Financing With Palisades Goldcorp (not new but not posted here yet)
Calgary, Alberta--(Newsfile Corp. - September 22, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce a financing and strategic investment from Palisades Goldcorp Ltd.
The funding will consist of 7,000,000 units ("Units"), priced at $0.075 per Unit for proceeds of $525,000 (the "Offering"). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.11 per share for a period of 3 years from the Offering.
The proposed financing is subject to TSX Venture Exchange approval. All securities will be subject to a statutory hold period that expires four months and one day from issuance.
The proceeds from the financing will allow the Company to continue with permitting and development activities at its 100% owned Bull River Mine project near Cranbrook, British Columbia.
Loaded more shares today. Why?
I went back and read NIA comments from August. The confidence the
debenture holders are showing below IMO still exist. They converted debt at $.20. Today it can be bought for less than $.06 USD. Sounds like a good deal to me.
NIA comments:
Braveheart Resources (TSXV: BHT) had CAD$6 million in outstanding convertible debenture debt that matures on January 21, 2024 and the debenture holders have decided to do an early conversion on the first 40% of the convertible debenture debt, by converting the debt to BHT shares at a price of $0.20 per share, which is a 66.67% premium above BHT's current price of $0.12 per share! BHT will be issuing them 12 million shares and BHT's convertible debenture debt will be reduced by CAD$2.4 million down to only CAD$3.6 million! This is an unbelievably HUGE development that we believe will greatly increase BHT's shareholder value!
The debenture holders have been involved with BHT's Bull River Mine since 2011 - long before BHT acquired the property! They understand the true value of the Bull River Mine better than anybody! When asked to explain their reason for converting at this time they said, "The early conversion of a portion of the Debenture reflects our belief that Braveheart is undervalued in the current market and the Company has the potential for share price appreciation through the elimination of debt and further advancement of the project."
The CAD$3.6 million in remaining convertible debenture debt can be converted to BHT shares beginning on January 21, 2023 at an even higher price of $0.30 per share!
add the following to the reason I bought today at less then $.06
The Company issued 2,222,222 units at $0.1125 per unit for total proceeds of $250,000. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.1875 per share for a period of 60 months from the offering. No commissions were paid in connection with the offering. All securities will be subject to a statutory hold period that expires four months and one day from issuance.
Regarding news: still no discovery grade confirmation. However assay results 'pending'. Impatiently waiting for results. This has taken longer than I was expecting. However the potential is still very high.
Grid Metals Corp Updates Drilling Program at East Bull Lake
https://gridmetalscorp.com/news/grid-metals-corp-updates-drilling-program-at-east-bull-lake/
Toronto, Ontario, October 7, 2020 – Grid Metals Corp. (the "Company") (TSXV:GRDM) today provided an update regarding its 2020 exploration program at its 100% owned East Bull Lake ("EBL") palladium property (the "Property") in Ontario. The Company is exploring for palladium mineralization along a 12-kilometre-long interpreted feeder structure. The East Bull Lake Property covers approximately 85% of the palladium-bearing East Bull Lake Intrusion, located approximately 80 km west of Sudbury, Ontario.
Highlights
-Drilling resumed in early September and to date four holes have been completed – assays are pending
-An additional three holes are planned
-The next hole will be in an area of anomalous palladium mineralization identified in surface grab samples taken in August 2020 including a maximum of 7.67 g/t Pd, 1.41 g/t Pt and 0.20 g/t Au in one sample from the Parisien Lake target area
-Initial work has been completed on metal tenors on drill samples from East Bull and results compare favourably with those typically observed in mill feed at the Lac des Iles palladium mine
Update on Drilling Activities
Since resumption of drilling on September 3rd four new drill holes have been completed including a follow-up hole on the Feeder Target in the Parisien Lake area and three holes drilled at the North Margin Target area. Three more holes are planned - two holes in the East Lobe of the intrusion and one additional hole in the Parisien Lake - Kidd Zone area. Completed and proposed hole locations for the current drilling program are shown on Figure 1, below. Samples have been submitted for assay analysis on three of the first four holes with results now pending.
Gungnir Announces Closing of Second and Final Tranche of Private Placement
SURREY, BC / ACCESSWIRE / October 5, 2020 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) ("Gungnir" or the "Company") is pleased to announce that it has completed the second and final tranche of its previously announced non-brokered private placement of 3,333,333 units of the Company ("Units") for a total of 10,000,000 Units sold under the offering priced at $0.06 per Unit (the "Unit Price"), for total gross proceeds of $600,000 (the "Offering"). Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share (each, a "Warrant Share") at a price per Warrant Share of $0.09 per share for a period of 36 months from the closing of the Offering.
The net proceeds of the Offering will be used to continue the exploration program, inclusive of drilling, at the Company's 100% owned projects in Sweden, concentrating on the Knaften Gold zone and our two nickel resources, Rormyrberget and Lappvattnet.
All securities issued under the Offering are subject to a hold period expiring four months and one day from the closing date of the Offering.
As consideration for the services of certain finders, the Company paid a cash commission of 8% of the gross proceeds of the Offering and that number of non-transferrable finder units (the "Finder Units") as is equal to 8% of the aggregate number of Units sold under the Offering. Each Finder Unit was priced at $0.06 and consisted of one Common Share and one common share purchase warrant (each, a "Finder Warrant"). Each Finder Warrant entitles the holder to acquire one Common Share (each, a "Finder Warrant Share") at a price per Finder Warrant Share of $0.09 per share for a period of 36 months from the closing of the Offering.
This press release 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 state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and application state securities laws.
About Gungnir Resources
Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V) with gold and base metal permits in northern Sweden. The Company's key project, Knaften, hosts high-grade gold, VMS (zinc-copper) and copper-nickel targets, and all are open for expansion and further discovery. The Company also holds two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, located east of Knaften. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.
I am now moderator here. Intro has been updated with a good overview. GLTY all.
Looking Ahead –
A Fast Mover in an Essential Industry
Finalize Location Study to select optimum future operating sites
Complete final processing research
Techno-Economic Study to define economic models
Execute contracts for monazite supply and REE offtake
Select and permit first operating location
Select financing and construction partners