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Thanks for posting Scarbender
Africa Oil announces Appointment of COO
October 11, 2022
VANCOUVER, BC, Oct. 11, 2022 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") is pleased to announce the appointment of Mr. Craig Knight as Chief Operations Officer ("COO") of the Company effective October 11, 2022, in replacement of Mr. Timothy Thomas who retired from the Company in 2021 and became a consultant to the Company. View PDF version
Mr. Craig Knight joined Africa Oil in August 2021 and brings with him over 16 years of industry experience. He graduated from the University of New South Wales with a Bachelor of Petroleum Engineering and joined Woodside Energy's graduate Petroleum Engineering program. Mr. Knight moved to Denmark to join Maersk Oil in 2011 where he held various roles across petroleum, production and completions engineering, as well as in exploration and subsurface leadership. In 2017, Mr. Knight moved to Aberdeen with Maersk Oil, where his roles included Subsurface leadership and Non-Op Asset Management. From 2018 to 2021, Mr. Knight was Production Director for Spirit Energy where he was responsible for Production Management, Hydrocarbon Accounting and developing Spirit's carbon emissions reporting processes.
Keith Hill, President, and CEO stated: "We are excited to have Craig step into the COO role. He has been a great addition to our Management Team, and he brings a track record of success in the sector. We look forward to his additional contributions. Further, I would like to thank Tim for his leadership over the past few years, and we wish him all the best."
Read more at:
https://africaoilcorp.com/news/africa-oil-announces-appointment-of-coo-122847/
NioCorp’s Elk Creek Critical Minerals Project to be Highlighted at the 2022 International Scandium Conference
October 11, 2022
CEO and Executive Chairman Mark A. Smith to Discuss NioCorp’s Proposed Scandium Production in Southeast Nebraska and Prospective Scandium Markets
Conference Also Features Panel Discussion with NioCorp, Rio Tinto, Project Blue, and Traxys
CENTENNIAL, Colo., October 11, 2022 — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) is pleased to announce that CEO and Executive Chairman Mark Smith will present on its Elk Creek Critical Minerals Project (the “Project”) at the 2022 International Scandium Symposium, which will take place at the Westgate Resort Hotel in Las Vegas on Thursday, October 20, 2022.
The conference will feature presentations from NioCorp, Rio Tinto, and other prospective scandium producers from around the world. Information on the conference can be seen here: https://metalevents.com/events/international-scandium-symposium
Mr. Smith’s presentation, entitled “Nebraska Scandium: American-Made and Climate-Smart,” begins at 1 p.m. Eastern and will be followed by a question-and-answer period with the conference audience. Presentations at the conference will not be broadcast live but are expected to be made available for video replay.
A panel discussion also will be held at 2:45 p.m. Eastern on October 20th, featuring Mr. Smith; Wagner Oliveira, General Manager, Strategic Resource, Development and Mine Technical Services, Rio Tinto Iron and Titanium Canada; Nils Backeberg, Founder & Director, Project Blue, South Africa; and a representative from Traxys North America (“Traxys”).
Read more at:
https://mailchi.mp/niocorp.com/niocorps-elk-creek-critical-minerals-project-to-be-highlighted-at-the-2022-international-scandium-conference?e=a994b680bf
Just posted the following on the Pancontinental Energy board about its Orange Basin drilling/production rights
Hmmmmm
I am not very knowledgeable about these things, but if we could lose our rights to the rights in Jan 2023 because we can't pay a license renewal fee that is baaaaad.
That means that the "big boys" know it and will just wait until we lose it, then pounce. Of course they all also know that we might be desperate and settle for a low buy-in bid. Then it becomes a game of chicken to see which "big boy" blinks first and what the bid is to get in bed with us.
Maybe it is time to contact Africa Oil/ECO Atlantic to work our a deal.
Has there been any news leaking out from the dataroom? Is everyone waiting for the results of the delayed appraisal wells around Venus? What about the impact of the well ECO is spuding any day now?
AFRICA OIL ANNOUNCES RESULTS OF SHARE BUYBACK PROGRAM
October 9, 2022
VANCOUVER, BC, Oct. 10, 2022 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") is pleased to announce that the Company repurchased a total of 2,757,350 Africa Oil common shares during the period of October 3, 2022 to October 7, 2022 under the previously announced share buyback program. View PDF version
The launch of Africa Oil's normal course issuer bid (share buyback) program, announced by the Company on September 22, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules and policies of the Toronto Stock Exchange ("TSX"), Nasdaq Stockholm, and applicable Canadian and Swedish securities laws.
During the period dated October 3, 2022 to October 7, 2022, the Company repurchased 834,350 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company repurchased 1,923,000 Africa Oil common shares on Nasdaq Stockholm, and these repurchases were carried out by Pareto Securities on behalf of the Company. All common shares repurchased by Africa Oil under the share buyback program will be cancelled.
Since September 27, 2022, up to an including October 7, 2022, a total of 4,640,830 Africa Oil common shares have been repurchased under the share repurchase program through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems. A maximum of 40,482,356 Africa Oil common shares may be repurchased under the share buyback program through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems over the period of twelve months commencing September 27, 2022 and ending September 26, 2023, or until such earlier date as the share repurchase program is completed or terminated by the Company.
Read at:
https://africaoilcorp.com/news/africa-oil-announces-results-of-share-buyback-prog-122846/
I suspect that with Mark's awareness of CBMM actions/plans & involvment in the niobium battery development work that Mark did not want to tie up the last remaining 25% of niobium production in FeNb commodity type selling price.
Africa Oil Corp. Cranks Up The Returns
Oct. 09, 2022 4:20 AM ET Africa Oil Corp. (AOI:CA), AOIFF2 Comments
- Africa Oil Corp. is now committing to potential double-digit shareholder returns over the next year.
- The company's core Prime Oil and Gas remains incredibly profitable while being set up to provide increased shareholder rewards.
- The company has a low risk but diversified exploration portfolio which will enable substantial returns.
- Looking for higher risk/reward options trading ideas? I offer this and much more at my exclusive investing ideas service
Africa Oil Corp. (OTCPK:AOIFF) has actually outperformed many other oil companies during some of the recent weakness. The company's market capitalization remains over $1 billion, highlighting its financial strength. As we'll see throughout this article, on top of that, the company continues to have substantial room to outperform with its portfolio.
Africa Oil Corp. Share Buyback
Africa Oil Corp. has announced a new share buyback program highlighting the strength of its cash flow.
From the September 27-30 period, the company repurchased roughly 2 million shares of stock publicly, for ~$3 million USD total, or 0.3% of its outstanding shares. That's a share repurchase rate of almost 40% annualized but it's also one that the company can comfortably afford to keep going given its massive cash flow.
The company has the ability to repurchase roughly 8% of its outstanding shares over the upcoming 12 months. That's something that the company can comfortably afford and something that we expect it to take advantage of during market downturns. That continued ability to drive shareholder returns makes the company a valuable investment.
Read more at:
https://seekingalpha.com/article/4545490-africa-oil-corporation-cranks-up-returns?mailingid=29313589&messageid=2850&serial=29313589.2766&utm_campaign=rta-author-article&utm_medium=email&utm_source=seeking_alpha&utm_term=29313589.2766
ECO Atlantic
Oct 9, 2022
[[
Thanks to Oilman's Jim's news letter
https://oilman.substack.com/p/sunday-blog-9-october-2022?utm_source=email
]]
Eco (Atlantic) Oil & Gas (ECO) announced the commencement of operations on the Gazania-1 well, Block 2B, offshore South Africa. Eco holds a 50% working interest in the block and is operator. Gazania-1 is being drilled to a depth of approximately 2,800 metres through a multizone pay section, up dip of the AJ-1 discovery well, which proved approximately 50 million barrels of contingent resources. The prospect is targeting over 300 million barrels of light oil and, pending discovery in the vertical section, the joint venture partners have the option to directionally drill a second sidetrack well from the main well bore. The initial well is expected to take approximately 25 days to drill.
Thanks
I haven't had a chance to go through the FAQ's some others on the board with more financial experience may be able to glean some details.
Nice video Thanks for posting I would be interested in any word about their PEL37 in the Orange Basin also
With one exception the video was excellent. The first half of the video is a very good recap of the project. the balance was a Q&A format about the NioCorp - GEII SPAC deal.
I was disappointed in the lack of background on our titanium. I would have thought that since Russia is a major supplier of titanium to Boeing and the US defense and aerospace industries as well as the major supplier to Airbus and the world it would have justified an elaboration of the value of our titanium.
NioCorp and GXII Executives Speak to Proposed Merger and Answer Investor Questions in New Video
CENTENNIAL, Colo., October 7, 2022 — In a new video released today, Mark A. Smith, CEO and Executive Chairman of NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) and Dean Kehler, CEO and Co-Chairman of GX Acquisition Corp. II (“GXII”) (Nasdaq: GXII), discuss the recently announced definitive agreement (the “Business Combination Agreement”) for a proposed business combination between the two companies.
In addition to discussing NioCorp’s Elk Creek Critical Minerals Project, Messers. Smith and Kehler address the merger and related questions from investors. The video is available for viewing here:
Mark Smith, Chairman & CEO, Niocorp Developments Ltd USA is the last speaker before lunch on 10/18
Constantine Karayannopoulos, President & CEO, Neo Performance Materials, Canada is the first speaker on 10/19
Jim Sims is Chief Communications Officer for NioCorp
Jim Sims is Director of Communications Officer for Neo Performance Materials
Jim Sims is Director of Investor and Public Relations for IBC Advanced Alloys
[[ https://usea.org/profile/jim-sims ]]
I believe that Neo's REE refining/separation plant in Estonia is one of the very few non-Chinese REE refining/separation plant facilities in the world. Between our team's experience in Molycorp and Jim's positions I suspect our team is very aware of the nity-gritty in's and out's of processing REEs.
Jervois’ Celebrates Idaho Cobalt Operations Mine Opening Ceremony
- Jervois celebrates the official opening of its Idaho Cobalt Operations (“ICO”) mine site with U.S. Federal and State government representatives and the Australian Ambassador to the United States in attendance
- ICO commissioning is commencing with full nameplate capacity expected by the end of Q1 2023
- Once fully commissioned ICO will be the only primary cobalt mine in the United States
- ICO’s opening represents a significant milestone for the secure supply of this critical mineral to the U.S.
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) will officially open its Idaho Cobalt Operations (“ICO”) mine site near Salmon, Idaho in the United States (the “U.S.”) on Friday 7 October 2022. The mine is commencing a commissioning phase during October, with equipment undergoing final completion testwork ahead of continuous commercial concentrate production expected across Q4 2022. Full nameplate capacity remains expected by the end of Q1 2023.
Once it is fully commissioned, ICO will be the only primary cobalt mine in the U.S. and will produce a cobalt concentrate, which will be refined into the critical metal necessary for electric vehicles, energy generation and distribution, defense and other industries. Cobalt will play a key role in the transition to a low carbon economy. Due to its many strategic applications and significant supply chain risks, cobalt is on the official U.S. Government list of critical minerals and has been front and center in all U.S. Government strategies in this area in recent years, including the Biden Administration’s 100-Day Review of critical U.S. supply chains (June 2021).
Read more at:
https://mailchi.mp/b8acd18b1fe3/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-15045793?e=48b5acd3da
Ucore Updates on Bokan 2022 Field Sampling Program
October 6, 2022
Ucore continues to advance its Bokan project as a long-range heavy rare earth source to eventually complement the planned Western feedstock sources for its near-term Strategic Metals Complexes.
A summary of the 2022 field sampling program:
- Two new ˜25-ton bulk samples were collected from the western portion of the main Dotson Ridge mineralized zone
- A total of 31 new sites across the entire Dotson Ridge mineralized zone were channel sampled and consisted of 137 samples
- The geological team expects:
- - the channel sampling program will allow a significant portion of the modeled rare earth resource to be upgraded from ‘Indicated’ to ‘Measured’
- - the overall quantity of the mineral resource will marginally increase due to new exposures of vein materials discovered during the sampling program
Halifax, Nova Scotia (October 6, 2022) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to provide an update regarding the 2022 field sampling program (the “Field Program”) at its Bokan-Dotson Ridge heavy rare earth element (“REE”) mineral resource project (“Bokan”).
“Ucore continues to work to unlock the critical heavy rare earth elements at Bokan Mountain,” stated Mike Schrider, P.E., Ucore’s Vice-President and COO. “The execution of this summer’s Field Program, coupled with previous years’ successful drill programs, now positions the Bokan property closer to a feasibility study and will allow Ucore to upgrade approximately 20% of the currently ‘Indicated’ mineral resource to a ‘Measured’ resource classification.
“Ucore continues to advance its Bokan project as a long-range heavy rare earth source to eventually complement the planned Western feedstock sources for its near-term Strategic Metals Complexes. North America desperately needs independent mineral resources to transition to a green energy future centered on electric vehicles and renewable energy sources – both of which are more achievable with the heavy rare earth elements provided at Bokan Mountain.”
Read more at:
https://ucore.com/ucore-updates-on-bokan-2022-field-sampling-program/
Thanks Putz
I agree MM. The project is "more than just a mine", the processing of our Nb-Sc-Ti and soon to be REEs ore, which no other refining facility (IMO) in the world has the capability to do is really the important part of the project.
Just think of the trials that Lynas went through in getting their plant operational in Malaysia. Other than Neo's facility in Estonia all of the other non-china facilities are still dreams in the planning stages. IMHO we have the staff with actual experience and will be well ahead of others like Ucore, Lynas, etc. with North American REE refining facilities.
Hey chico I missed the mention of
This is the type of "getting out the word" that I believe will have the biggest bang for the buck.
If my memory serves me many of the GX shareholders are institutions with many deep pocketed shareholders themselves. If, in addition to GX spreading the word each of the institutional shareholders started talking up the project with their shareholders I think we could have many new NioCorp buyers.
NioCorp CEO: Automotive Industry Should Not Count on Sufficient Rare Earth Minerals Coming From China
CENTENNIAL, Colo., October 4, 2022 — Automotive and other manufacturers should not count on sufficient supplies of rare earths and other critical minerals coming from China, because China is increasingly consuming its own production for electric vehicles and other technologies that use permanent rare earth magnets, Mark A. Smith, CEO and Executive Chairman of NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) said during an appearance Monday on Fox Business News.
“Rare earth minerals are very, very important, and the majority of the rare earths in the world today are coming out of China,†Mr. Smith said. “Well, that's fine, except China's making a whole bunch of EVs. Now we want to make EVs. And there isn't going to be enough rare earths coming out of China to feed all of those EVs that we want.â€
Ms. Claman asked Mr. Smith whether large automotive manufacturers and other potential customers are inquiring about the critical minerals that NioCorp intends to produce at its Elk Creek Critical Minerals Project in southeast Nebraska, once sufficient project financing is obtained to allow the Project to proceed.
“Who's approaching you right now? Who wants these minerals? Is the word out?†Ms. Claman asked.
“The word is out,†Mr. Smith responded. “You've seen the reports about the automobile companies, the steel companies, going out and searching for these minerals. They can't find enough of these minerals. So, we are in discussions with some of the top automotive companies, the top steel companies in the world, because they want to put their procurement programs together, 10, 15, 20 years out. We're happy to talk to them.â€
Read more at:
https://www.niocorp.com/niocorp-ceo-mark-smith-to-appear-on-fox-business-news-the-claman-countdown-on-monday-oct-3-2022/
Eco (Atlantic Oil & Gas)
Eco has announced the arrival of the Island Innovator Semi-Submersible Drilling Rig on Block 2B and the commencement of operations of the Gazania-1 Exploration Well.
October 4, 2022
[[ Thanks to Malcy' blog
https://www.malcysblog.com/2022/10/oil-price-union-jack-eco-atlantic/
]]
Eco holds a 50% Working Interest in Block 2B and is Operator of the block. The drilling location is located 25km offshore the Northern Cape in Orange Basin South Africa in approximately 150 meters of water. The Gazania-1 Exploration Well is being drilled to a depth of approximately 2,800 meters through a multizone pay section. The well is being drilled up dip of the AJ-1 Discovery Well on the block, which proved approximately 50 million barrels of contingent resources.
The Gazania-1 Prospect is targeting over 300 million barrels of light oil. Pending discovery in the vertical section the JV partners have the option to directionally drill a second sidetrack well from the main well bore. Both the vertical well and the sidetrack optional well will be logged and then plugged back to surface, the well will be sealed, plugged and the casing cut off below surface. No equipment will remain on the sea floor.
The JV partnership in respect of Block 2B comprises Eco Atlantic (50% WI and Operator), Africa Energy Corp (27.5% WI), Panoro 2B Limited, a subsidiary of Panoro Energy ASA (12.5% WI), and Crown Energy AB (10% WI).
Colin Kinley, Co-founder and Chief Operating Officer of Eco Atlantic, commented:
“Drilling Gazania-1 offers a significant opportunity to South Africa to open up the Orange Basin. A number of prior discoveries in the region are changing the understanding of this Basin both in South Africa and Namibia where recent multi-billion-barrel discoveries have opened the gate to a new era of economic and resource opportunity. The Discovery at AJ-1 is extremely helpful in creating the opportunity on the Gazania-1 well that we are confident that the decades of science will prove out.
“This well is being drilled to define the opportunity and the initial path in the Basin. We are drilling this strictly as an Exploration well. Once we have defined the resources here, South Africa and the JV partners will make its choices and we will determine the next stage of development. Eco appreciates all the support of the South African Government, the local industries and local communities in the communication, participation and planning of this well.
“We are entering an exciting and busy period of drilling and work programmes and we look forward to updating the market, our partners and all stakeholders in the coming weeks on our progress and the Gazania-1 exploration well results.”
This represents the culmination of Eco’s hard work and preparation in Southern Africa. I am lucky to be here on the ground in a region that is as excited as I’ve ever seen some of whom I met at a reception last night.
At an Eco hosted industry event yesterday I saw a number of the key people in the fast-moving hydrocarbon landscape, a tribute to them was that anyone who is anyone around here turned up. The South African Government is as keen as could be to support those companies exploring in the area and here and in Namibia companies from Eco through Africa Oil and of course the likes of Total, Shell and Exxon were represented as well as latest joiner in Chevron.
Chevron finally confirmed the secret that even made yesterday’s blog by announcing that it had acquired block 2813B in the hydrocarbons rich Orange Basin offshore Namibia adding to the excitement in this part of the world.
I was lucky to be given an exclusive interview with Gil Holzman, CEO of Eco Atlantic this morning after the announcement of the Gazania well spud and clearly he is very excited, as he should be as the well is targeting some 300m barrels of oil of which they have 50%.
Success here would indeed be a company maker, I don’t need to do the maths for you but you just need to know that for a straight up exploration well this has some significant appeal, especially to the hydrocarbon short countries down here where upstream projects have been few and far between but which recently have had kicked in. This well is in shallow water and close to the shore, any discovery here would be able to be brought onstream very quickly and be the first upstream project in Southern Africa for some time.
Finally, the well is near an existing, modest discovery, the AJ-1 Discovery Well on the block, which proved approximately 50 million barrels of contingent resources, another find here would justify all the hard work and faith exhibited by such leading industry players.
As I said this is a game changing well which shareholders will receive a magnificent reward should it come in, what is for certain is that with other prospects such as with Africa Oil there are many other plays for Eco and its partners in this vibrant, excited part of the world.
So, be excited, think of 50% of 300m bbls and compare it with the current market cap of £150m, if this well comes in that will be dwarfed.
American Creek Reports Consistent Results from Continued Step-Out Drilling at Treaty Creek Joint Venture Including 2.00 g/t AuEq over 66.0 m with 5.0 m of 8.22 g/t AuEq (GS-22-145-W1) and 4.38 g/t AuEq over 57 m (GS-22-154)
Cardston, Alberta--(Newsfile Corp. - October 4, 2022) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation" or "American Creek") is pleased to present the seventh set of drill results for the 2022 exploration program (the "Program") from operator Tudor Gold at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.
Ken Konkin, Tudor Gold President and CEO, comments: "We are very pleased to confirm that our step-out and in-fill drilling is progressing extremely well. We continue to intersect higher gold values within broad mineralized envelopes within the northern aspect of the Goldstorm Deposit. Both 300H and CS600 domains yield very consistent gold mineralization with continued strong copper grades observed throughout the CS600 domain. Our geological team was delighted to observe a similar pulse of enriched gold mineralization within the 300H domain with holes GS-22-145-W1 (2.00 g/t AuEQ over 66.0 m) and GS-22-154 (4.38 g/t AuEQ over 57.0 m) which are approximately 400 m apart. These holes also share the similar characteristic of containing a higher-grade core of 8.22 g/t AuEQ over 5.0 m (GS-22-145-W1) and 7.84 g/t AuEQ over 15.0 m (GS-22-151-W1).
Read more at:
https://us5.campaign-archive.com/?e=6f11d69fd1&u=af629dcbbf88a5932a7e484e3&id=d070b04364
Thanks for explaining the situation, it would have been nice but I understand. I look forward to more presentations and PRs. I also look forward to meeting you and others from Europe when there is a formal ground breaking and we get a little dirt on the red shovel.
Hi walterc Did you ever get the video you had of Mark's recent Belgium presentation posted? If so I missed the link would you repost it please.
Thanks JD. I liked your defense of Mining.
Thanks DiscoverGold for posting JC's analysis. Along with your posts I find JC's useful.
Yes
"From today on I guess many people who had NioCorp on the watchlist will buy"
I imagine we all hope for that
Excellent post grunt, Thanks
AFRICA OIL ANNOUNCES RESULTS OF SHARE BUYBACK PROGRAM AND UPDATED SHARE CAPITAL
October 3, 2022
VANCOUVER, BC, Oct. 3, 2022 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") is pleased to announce that the Company repurchased a total of 1,883,480 Africa Oil common shares during the period of September 27, 2022 to September 30, 2022 under the previously announced share buyback program. View PDF version.
The launch of Africa Oil's normal course issuer bid (share buyback) program, announced by the Company on September 22, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules and policies of the Toronto Stock Exchange ("TSX"), Nasdaq Stockholm, and applicable Canadian and Swedish securities laws.
During the period dated September 27, 2022 to September 30, 2022, the Company repurchased 667,480 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company repurchased 1,216,000 Africa Oil common shares on Nasdaq Stockholm, and these repurchases were carried out by Pareto Securities on behalf of the Company.
All common shares repurchased by Africa Oil under the share buyback program will be cancelled. During the period dated September 27, 2022 to September 30, 2022, the Company cancelled 166,870 common shares repurchased under the share buyback program.
As a result of the share cancellations and the exercise of stock options under the Company's Stock Option Plan, Africa Oil now has 477,511,904 common shares issued and outstanding with voting rights as at September 30, 2022. and the Company holds 1,716,610 common shares in treasury, which will be cancelled in October 2022.
A maximum of 40,482,356 Africa Oil common shares may be repurchased under the share buyback program through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems over the period of twelve months commencing September 27, 2022 and ending September 26, 2023, or until such earlier date as the share repurchase program is completed or terminated by the Company.
Read more at:
https://africaoilcorp.com/news/africa-oil-announces-results-of-share-buyback-prog-122845/
Thanks for the correction
If I remember correctly the Phase 1 should tell us that the revised processing flow is feasible and the CAPEX and OPEX should be reduced. Additionallly it will also separate the REEs out so it will be feasible for NioCorp to get into the REEs business.
Chico & others please confirm of elaborate my memory.
.
Pat Ryan of Ucore Rare Metals on the importance of securing a domestic rare earths supply chain
Sept 30, 2022
In this InvestorIntel interview, host Jack Lifton talks to Ucore Rare Metals Inc.‘s (TSXV: UCU | OTCQX: UURAF) Chairman and CEO Pat Ryan about the importance of securing a domestic rare earths supply chain and how Ucore is moving forward with their unique technology to commission a demonstration rare earth oxides processing plant by the end of the year.
In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here to access InvestorChannel.com), Pat talks about his previous experience founding a Tier 1 automotive company and how important a stable and reliable supply chain is to the industry. “There are six times more critical metals in an electric vehicle than are in an internal combustion engine,” Pat tells Jack. “The supply chain to support it – the metallic supply chains – are needed. It’s right back to the days of Henry Ford when we had to invest in rubber plants and invest in steel mills and things that were required to make sure he could build his Model T vehicles back then, and the same thing applies today.”
Read and get video link at:
https://investorintel.com/investorintel-video/pat-ryan-of-ucore-rare-metals-on-the-importance-of-securing-a-domestic-rare-earths-supply-chain/?utm_source=rss&utm_medium=rss&utm_campaign=pat-ryan-of-ucore-rare-metals-on-the-importance-of-securing-a-domestic-rare-earths-supply-chain.
[[
Hmmmm If mentioned I missed it but there was no mention of the rapid SX plant to be built in Alaska
]]
Re Post #83950
I certainly hope so, I hope that there will be a PR about the Phase 1 results of the Demo run early Monday morning, it seems long overdue. Certainly MS knows what the impact of a very favorable favorable PR will be and that he can include the results in his presentation on FOX Business in the afternoon, the combination should be VERY helpful for the SP.
MM your post #83810
"This line of thinking has changed my view of NioCorp. I see them not as a jr mining company but as a specialty minerals company. "
That is exactly what Jim Sims discussed with me a year or so ago when I issued my post emphasizing that the project is more than just a mine.
It should be apparent that there are many facilities throughout the world that can take ores of mixed minerals and produce precious and base metals but I don't believe that there is a facility anywhere in the world that can process our ore of Nb-Sc-Ti minerals, and now potentially REEs minerals, into separate metals.
If we have to build it ourselves we might as well extend the processing capabilities up from the simple separation into the specialty chemical arena. Including the ore processing facility to produce the specific metals into higher purity and physical form would move NioCorp into the specialty chemical arena and move the selling prices out of the commodity price ranges into the more lucrative specialty chemical selling price range area. I believe that is one of the basis of the Scandium price that has been so controversial.
The word is getting out. On Wednesday Sept 28th the Chicago Tribune had a 30 inch-column article (Section 2-page 7), including a picture of Mark talking at the site get together. The article was authored by Josh Fink of the Associated Press so I suspect many of the other papers across the country that print stories from the Associated Press printed it also.
"Let the good times roll"
At the rate people have been offering to buy the Elk Creek Water and the recently posted mix, we may need to use a stock tank to mix it in.
Thanks for posting TT
eResearch Report on Search Minerals offers investors a ‘staggering’ volume of information on the rare earths market
Sep 28, 2099
Over the years I have lost count of the times I have recommended that public companies secure a research report, simply because I personally love the benefit of third-party analysis and metrics. Toss in an analyst with more financial degrees than most CFOs such as eResearch’s Chris Thompson, and the analysis can prove beneficial to everyone reading the content, including the company and all of us interested in critical minerals.
Read the complete article then reread the 1st paragraph to get the hot link to the actual report:
https://investorintel.com/markets/technology-metals/technology-metals-intel/eresearch-report-on-search-minerals-offers-investors-a-staggering-volume-of-information-on-the-rare-earths-market/?utm_source=rss&utm_medium=rss&utm_campaign=eresearch-report-on-search-minerals-offers-investors-a-staggering-volume-of-information-on-the-rare-earths-market