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Chico; I know...If I am going to invest in something like precious metals I prefer to have them in hand rather than in a vault in the EU!
It is probably more efficient for most people to let your mining company hold them in ground or sell it to whoever is going to refine it!
(Oddity. I think it was Kyle Bass who invests in nickle by buying large amounts of US $.05 nickles and holding them in a vault!. Melt value is higher than face value!)
Looking forward to their news release regarding those results!
Chico,Douginil; Search minerals warrent exercise.
Search Minerals Raises Over $1.1 Million From Accelerated Warrant Exercise
BY MT Newswires
— 8:22 AM ET 10/05/2021
08:22 AM EDT, 10/05/2021 (MT Newswires) -- Search Minerals ( SHCMF
Loading... Loading...
) said Tuesday that it has raised about $1.1 million through the exercise of over 11 million warrants.
The company's shares fell 3.2% in Canada yesterday.
Each warrant was exercisable into one common share at $0.10. There were about 1.5 million warrants unexercised and which will be cancelled.
Search Minerals' ( SHCMF
Loading... Loading...
) President and CEO Greg Andrews said the company will use the proceeds for general working capital to continue its "Sprint to Production."
The current exploration program is being funding from the company's roughly $2.5 million flow-through funding from March.
Price: 0.1500, Change: -0.0050, Percent Change:
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
All. Zirconium - Properties - Price - Applications - Production
[Search domain material-properties.org] https://material-properties.org › zirconium-properties-applications-price-production
Zirconium is a by-product of the mining and processing of the titanium minerals, as well as tin mining. From 2003 to 2007, while prices for the mineral zircon steadily increased from $360 to $840 per tonne, the price for unwrought zirconium metal decreased from $39,900 to $22,700
Douginil, Chico; a quick focus on : (3) open the possibility of making a zirconium/hafnium by-product.
Search Minerals Inc
Mon, September 27, 2021, 4:01 PM·4 min read
In this article:
VANCOUVER, British Columbia, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce that it has commissioned a Preliminary Economic Assessment (“PEA 2022”) report on the combined Deep Fox/Fox Trot project with a target date of completion of Q1 2022.
The completion of an updated NI 43-101 Mineral Resource estimates for Deep Fox and Foxtrot and completion of PEA 2022 are important next steps as the Company accelerates its “Sprint to Production”. The PEA 2022 will also provide our environmental consultants the essential information required to update and submit the new plan for the Environmental Impact Statement. We have been completing some baseline studies this year, which will form part of our submission.
The PEA 2022 will benefit from the following improvements.
- ADVERTISEMENT -
Chico; Article from 2020; I would not doubt this was previously posted, but if so posting again for new NioCorp investors:
Why Scandium Could be a Huge Opportunity
Chico; Thanks! That Yahoo news release is not yet on The Search Minerals Site!
Here is a relevant November 2020 news release from Search Minerals:
Search Minerals And USA Rare Earth Enter Into Technical Collaboration Framework Agreement
Kmack. Well, I hope you made money and that you will feel happier.
Lets hope you end up selling into a rally and can leave with a good feeling.
Chico; Here is an earlier USA/Canadian agreement on critical minerals:
Canada and US seal deal on critical minerals collaboration
"Canada and the US announced Thursday they have finalized the Canada-US Joint Action Plan on Critical Minerals Collaboration, aimed to advance the countries’ mutual interest in securing supply chains for the critical minerals needed for manufacturing sectors, communication technology, aerospace and defence, and clean technology.
Of the 35 minerals and metals the US deemed critical earlier this year, Canada was identified as a major import source for 13.
Sign Up for the Mining News Digest"
----------------------------------------------------------------------
USA Rare Earths
Traceability and Scientific Verification of Provenance to be Implemented for all Rare Earths, Lithium and Critical Minerals and Will Underpin USA Rare Earth Mine-to-Magnet Strategy
"USA Rare Earth LLC
February 18, 2021·11 min read
In this article:
Explore the topics mentioned in this article
Traceability and Scientific Verification of Provenance to be Implemented for all Rare Earths, Lithium and Critical Minerals and Will Underpin USA Rare Earth Mine-to-Magnet Strategy
New York, NY, Feb. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- USA Rare Earth LLC, the funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project in Hudspeth County, West Texas, together with Texas Mineral Resources Corp. (OTCQB: TMRC), is pleased to announce that it has partnered with Source Certain International (SCI). SCI will support USA Rare Earth to develop a transparent, traceable and trusted supply chain for its rare earth and lithium products, including permanent magnets. SCI forms a key part of USA Rare Earth’s mine-to-magnet and mine-to-market strategy. The SCI program will enable verification of provenance for all USA Rare Earth products.
USA Rare Earth has prioritized the need to have independent robust systems that can provide environmental, social responsibility and other quality assurance information to downstream customers and consumers of rare earths, lithium and other critical raw materials from Round Top and other sources into USA Rare Earth’s mine-to-magnet supply chain. The partnership with SCI provides U.S. manufacturers, technology companies and renewable energy producers with proof of provenance to support their own ESG initiatives and assurances to their customers."
Search Minerals partnership with USA Rare Earths leaves them well positioned to participate in a verifiable REE Supply chain that meets government transparency requirementes.
Source is currently reworking its PEA and surface mining blueprint to include the results of its most recent drilling program.
Search Minerals Commissions Combined Foxtrot/Deep Fox Resource Preliminary Economic Assessment
"PEA 2022 will incorporate the results of the 7000 m drilling program completed at Deep Fox in 2021.
The combination of the Deep Fox and Foxtrot resources will potentially allow for an increase in production rate to 2,000 tonnes per day compared to the 2016 PEA (PEA 2016) on Foxtrot alone.
Assays from Deep Fox have shown higher grades of the key rare earth elements used in the permanent magnet market (Neodymium, Praseodymium, Dysprosium and Terbium) as compared to Foxtrot.
"
Looking forward to reporting of those higher grades!
Stark12 "The volume isn't high, but the price action is interesting--up almost a nickel on the OTC. Anyone care to speculate? "
I don't know, but I am picking up shares occasionally, usually not more than 100 or so at a time. Maybe everyone else is thinking that way. At some point people will pile back in before it really starts to rise.
Bernice is correct, there is something sleeping behind that bush and its going to wake up at some point.
Chico! You beat me to it!
http://searchminerals.ca/news/news-releases/search-minerals-commissions-combined-foxtrot-deep-fox-resource-preliminary-economic-assessment
Searchminerals Photo gallery;
http://searchminerals.ca/news/photo-gallery
All; SEARCH MINERALS CORPORATE STRATEGY
"Search Minerals’ focus is on exploration and development of the Critical Rare Earth Element District in Southeastern Labrador, Canada. This District is road accessible, on tidewater and contains significant quantities of those elements that are in short supply and considered strategic or critical due to their use in green economy technologies. Based on these attributes, the Company hopes to become a competitive, low-cost, environmentally responsible supplier of Critical Rare Earth Elements (CREE) to the global marketplace."
"Search believes that success in securing strategic partners is linked to completing pilot testing of its patented proprietary Direct Extraction Metallurgical Process. The Pilot Plant optimization program using the patented Search Direct Extraction Process has been successfully completed in March 2020. The program produced both a 58% REO mixed rare earth carbonate concentrate and a 99% pure mixed REO concentrate, which will provide Search with more options to refine our products into the individual oxides. The production of the carbonate and/or the mixed oxide concentrate samples can be obtained, from either the Foxtrot or Deep Fox material. Search will continue to work with separation companies, refineries and potential off-take partners for further processing to high value separated rare earth oxides."
"Search is currently doing metallurgy testing on Silver Fox material for Zirconium and Hafnium. Silver Fox contains Zr (Hf) values much higher than any other CREE resource (Foxtrot and Deep Fox) or mineralized zone (Fox Meadow and Awesome Fox) in SE Labrador."
Why Invest in Search Minerals
"...Recap of the key Investment Points
Recent Preliminary Economic Assessment on the FOXTROT resource
High Concentrations of Critical REE – Nd, Pr, Dy and Tb
Low capital cost $152M (including a $33M contingency)
A scalable breakthrough hydrometallurgical process (U.S. patent pending)
After-tax payback period – 4.4 years at a 1,000 tpd production rate
Exploration Upside – Search controls a 63 km x 2 km CREE District with other discoveries
A dry stackable residue (waste) which is environmentally friendly
Newfoundland and Labrador is mining friendly province
Very positive relationships with aboriginal and local communities
Experienced and committed Management and Board of Directors"
[/quote]
jmc46: Or it could have a potential larger share holding investor who just wants to blend in and avoid the pressure of a private NioCorp tour. (Nah, too hopeful. Pretty sure the private tour would get steak instead of church picnic chicken!)
Waiting for that report on potential REE reserves estimates! Next news release? That is more likely to attract investment than either a chicken or steak dinner!
Chico; I wonder if or to what extent there are known or potential financiers/bankers among the attendees to the "Investor Appreciation" site tour?
Will the tour happen after the REE analysis has been completed?
It would be good to know if the targeted high mineralization areas extend beyond current boundaries. (Knowing that Scott wants to start lateral drilling once they get to the bottom of the shaft!)
Hoping that Financing comes after that final analysis REE report.
Antler, Chico; I don't recall reading anything about NioCorp having drilled for a mine shaft location. Is that new or did I just miss that? (Could be my memory!)
"This walking tour will visit the location of a hole drilled to investigate a mine shaft location and will explore some of the technologies NioCorp plans to employ (such as Artificial Ground Freezing) that will limit the environmental impacts of the Project and which have facilitate project permitting."
A.O. here was a list of his investments earlier this year.
https://investmentanalysis.co/2021/04/10/the-current-investment-portfolio-of-warren-buffet/
About 10 years ago W. Buffet said he did not understand tech so avoided those investments, but in this portfolio Apple is a major holding. He can change.
MUrocman; Warren Buffet has also said that he does not invest in a business if he does not feel that he understands it. (Which I have a hard time understanding.) So it may be that it just does not fall within the comfort zone of his business model.
Walter; Thanks, my Elysee Development is up 8.17% today! (ASXSF)
Chico; Purchased NioCorp at .815 ask. (I know...spitting in the wind!)
Pushing my toes down in the mud squishing around looking for a bottom...
Chico thanks! Roth Conversions.
Obvious, but if anyone is looking to do an IRA to Roth conversion involving NioCorp shares this would be a good time to think about doing it while the share price and resulting taxes are lower. (And of course, to buy shares at a lower price.)
Douginil; This is a slide to your comment Regarding "VRFB" and Elk Creek. I think this was at the back of your comment.
Info from Walter C's Elysee Development (ASXSF) under their August 5 2021 news release:
"US Vanadium LLC, a privately held U.S. producer of high-purity vanadium and electrolyte products for Vanadium Redox Flow Batteries (VRFB”), remains Elysee’s largest single investment. Elysee invested a further US$150,000 in USV during Q1 2021 as part of a significant capital raise to enable USV to optimize and expand its operations to take full advantage of anticipated demand and higher prices for vanadium and vanadium pentoxide."
US Vanadium. (Previously posted information, nothing new here.)
From May 20 2020:
https://usvanadium.com/mark-a-smith-chairman/
Of Course, Brian Menell TechMet is also on the Board of USV.
Most recently:
"HOT SPRINGS, Ark., Sept. 8, 2021 — US Vanadium (“USV” or the “Company”) is pleased to announce that it purchased a materials processing facility in Benton, Arkansas that will help the Company continue to expand its production of high-purity vanadium and related products"
When I think about this, I really want impose hopeful linkages that may not exist. I am just posting this for information sake. (It would be nice to get funding from B.Menell / TechMet!)
And yes, it would be interesting once they get funding to have a Vanadium Redox battery array on site as part of their power backup. (I suspect it would just be cheaper to use backup diesel generators instead.)
Chico, It was a good close for NioCorp for the week! (I missed Happy hour by 7 min. See Enduro when you have a chance.) Slide back to NIOBF.
Chico257, all; https://www.facebook.com/Endurometals/ For CEO Note the Aug 2 post with an exposed malachite covered hillside!
Doug; "Think of vanadium flow batteries, still struggling, no one wants to be the first on the block and pony up the cost."
I Agree. The first up in this case are the Chinese:
100 MW/500 MWh vanadium flow battery in China
Of course they can do this because the CCP doesn't really analyse the project using terms like "Profitable," or "Cost Efficient."
P.M. I looked at the cost of Germanium. About $1918 US /KG so I do not think they will be using it for high voltage Transmission lines. (Which use aluminum currently.)
Your thought that it might be used for fast charge batteries sounds like a good idea, if the battery can handle it. I would not be surprised to find it used in some DOD weapond programs, rail guns, directed pulse weapons, that, and of course in Teslas :)
Douginil, Chico, KaseyMO, all; Article; "Scientists Created a New Kind of Metal Where Electrons Flow Like a Fluid"
(Not sure if this was previously posted.If so, its getting posted again.)
"In metals, electrons are normally expected to be diffusive in their movement, operating as individual particles – in other words, they don't gain momentum as a group.
In a new study, scientists have now discovered a type of metal where electrons actually do flow in a fluid-like way – like water in a pipe – by interacting with quasiparticles called phonons, which emerge from vibrations in a crystal structure.
This causes the electrons to shift from diffusive (particle-like) to hydrodynamic (fluid-like) behavior in their movement."
The metal superconductor that causes this behavior is a synthesis of niobium and germanium called ditetrelide (NbGe2), the research team reports. Potentially, it could give rise to a new type of electronic device.
"We wanted to test a recent prediction of the 'electron-phonon fluid'," says experimental physicist Fazel Tafti from Boston College.
"Typically, electrons are scattered by phonons which leads to the usual diffusive motion of electrons in metals. A new theory shows that when electrons strongly interact with phonons, they will form a united electron-phonon liquid. This novel liquid will flow inside the metal exactly in the same way as water flows in a pipe."
I do not think that a novel semiconductor will require large amounts of Niobium, like a steel bridge unless there were some way to use it to generate electricity from a temperature gradient or sunlight or perhaps from motion generated static electricity THEN it might be an important development. These things take a lot of dithering in a lab and finding investors to sponsor product development...Well, we know all about that.)
https://en.wikipedia.org/wiki/Phonon
For more info on phonons. (condensate physics is a bit of a slide and a bit above my college level physics.)
(Doug...did I miss it and were phonons generated by the collapse of ATT? Never mind. Bad joke. Wonder if this would have a better chance of being developed if it went to a lab in Illinois, U.Ill Champaign, Batavia, TelLabs, etc.)
Chico; As always, I appreciate your comments and anlysis. (They beat anything I can say!)
I do know where those investments are, and we both hope to get some good news from managment and upward SP action on that investment!
At this point I am no longer accumulating those shares, but I do expect to accumulate additional SHCMF shares! Waiting for the October results and Hoping the general market conditions hold up until then!
Kmack; I feel your frustration at having to hang on for so long! (And a long weekend coming up for US Markets!)
IIRC we are still waiting for the final results of their REE Survey of historical and recent coring. (Which it has been pointed out should probably have been done 2 years ago.)
So, someone waiting in the wings with $25 Million waiting for those results before committing? I think that backtracking for REE content at this point suggests that. (Suggested previously.)
Anyway, hope you--and all the U.S. Posters--have a good Labor Day weekend!
Walter,(Bernice); Thank you for posting Jim's reply! More information in one reply than we have had in a long time. Not quite what we want, but still reassuring!
Unnerving to watch the price drop below US $1.00 after remaining above this level for so long. Nice to be able to join Bernice in purchasing some shares at a lower price though! (NIOBF Back up 2.82% so far today!)
Chico; As always brother, thank you for your insight and anlysis!
In support of your previous suggestions that USA Rare Earths might be that partner:
http://searchminerals.ca/news/news-releases/usa-rare-earth-participates-in-search-minerals-private-placement-with-strategic-investment-of-cad630-000-cdn
Vancouver, B.C. March 11, 2021, Search Minerals Inc. (TSXV: SMY) (“Search” or the “Company”) and USA Rare Earth, LLC (“USA Rare Earth”) are pleased to announce that USA Rare Earth, LLC purchased 9,000,000 units at $0.07 per unit for proceeds of $630,000 CDN in the Company’s most recent financing that closed on March 11, 2021.
On November 10, 2020 Search and USA Rare Earth, jointly announced a Technical Collaboration Framework Agreement whereby the two companies would work on several initiatives. USA Rare Earth is the funding and development partner of the Round Top Heavy Rare Earth, Lithium and Critical Minerals Project in Hudspeth County, West Texas, together with Texas Mineral Resources Corp. (OTCQB: TMRC)As part of Search’s and USA Rare Earth’s development plans, the companies intend to expand the collaboration to include discussions regarding separation, marketing and off-take of Search’s future production.These discussions are in line with Search’s ambition to be an important contributor to the development of a North American Critical Material supply chain and USA Rare Earth’s strategy of Mine-to-Magnet processing.
...Snip...
USA Rare Earth is building an integrated Mine-to-Magnet supply chain as the development and funding partner of the Round Top Mountain critical minerals and heavy rare earth project in Hudspeth County, West Texas, the owner of sintered rare earth magnet manufacturing equipment previously owned and operated by Hitachi Metals in North Carolina, and the operator of a a rare earth and critical minerals facility in Wheat Ridge, Colorado, which is commissioning a pilot plant using Continuous Ion Exchange (CIX) extraction, separation and recovery methods using feedstock from Round Top and other non-Chinese sources."
(More at link!)
and
https://www.nasdaq.com/articles/5-stocks-to-watch-as-rare-earth-exposure-rises-in-america-2021-05-26
(Snip...)
IPOs Boosting the Space
Capital inflow, funding and initial public offering continue to boost the rare earth element space. Last year, rare earth miner MP Materials Corp. MP went public after merging with a special purpose acquisition company (SPAC) for around $1.47 billion. With the American government’s support to reduce reliance on China’s rare earth minerals, several companies are making efforts to make use of the opportunity. Both MP Materials and Lynas Rare Earths received grants from the U.S. Department of Defense to boost domestic production of rare earth minerals.
USA Rare Earth, a mining firm, is also planning to get listed on the NYSE this year at a valuation of more than $1 billion. The company is already developing the Round Top Mountain mine near Sierra Blanca, in Hudspeth County, TX, and plans to commence operations by 2023.
(...Snip more at link.)
From earlier in the year:
https://www.mining.com/web/usa-rare-earth-to-explore-public-offering-at-value-over-1-billion/
SpotOn,all;
https://secureservercdn.net/198.71.233.33/gx0.d43.myftpupload.com/wp-content/uploads/LTR-Coalition-Support-for-REE-PTC-Bill-8.30.21-FINAL.pdf
August 30, 2021
The Honorable Nancy Pelosi The Honorable Richard Neal
Speaker, U.S. House of Representatives Chairman, Committee on Ways and Means
1236 Longworth Building 1102 Longworth Building
Washington, DC 20515 Washington, DC 20515
The Honorable Kevin McCarthy The Honorable Kevin Brady
Minority Leader, U.S. House of Ranking Member, Committee on Ways and Means
Representatives 1139 Longworth Building
2468 Rayburn Building Washington, DC 20515
Washington, DC 20515
Dear Speaker Pelosi, Minority Leader McCarthy, Chairman Neal, and Ranking Member Brady:
On behalf of the undersigned organizations, which represent a majority of America’s reemerging rare
earth (RE) industry, we urge you to include in upcoming infrastructure legislation the production tax
credit for RE magnets proposed in H.R. 5033. This tax credit is a critical action the Congress can
take to secure the domestic supply chain from foreign influence and will set the stage for a vibrant,
commercially competitive RE industry able to compete on a global scale.
On August 10, Representatives Swalwell (CA-15) and Reschenthaler (PA-14) introduced the
bipartisan Rare Earth Magnet Manufacturing Production Tax Credit Act (H.R. 5033) to provide
U.S. suppliers with tax incentives for domestically producing RE magnets. RE magnets are critical to
U.S. national security systems and essential civilian products, including electronics, automobiles,
aerospace equipment, pumps, medical devices, and emerging clean technologies.
The bill offers tax credits for the domestic manufacturing of RE magnets using domestic materials.
Currently, there is limited capacity to produce RE magnets at scale in America, with China supplying
90% of the world’s needs. As noted in an interagency assessment pursuant to Executive Order
14017, “...unfair foreign subsidies and other trade practices have adversely impacted U.S.
manufacturing, and more broadly, U.S. competitiveness.” As such, the U.S. is vulnerable to actions
from foreign governments to weaponize non-market subsidies, loose environmental regulations, and
substandard labor practices to further consolidate control.
This legislation would address market imbalances and help prevent non-market action from
disrupting a resurgent RE industry in America. Moreover, this legislation would empower our industry
to obtain necessary investments from the private sector and accelerate production.
This inflection point could define whether America truly establishes a vibrant domestic RE supply
chain. We deeply appreciate interagency efforts, led by the Department of Defense and the
Department of Energy, to establish domestic RE production capable of meeting U.S. national
security and commercial needs. With this support, our industry has made significant investments to
strengthen and expand domestic RE production. While laudable, this is just the first step. To build a
resilient American supply chain that is globally competitive, we must pursue a whole of government
approach, including tax incentives.
For decades, U.S. policymakers, our industry, and our customers have longed for a domestic supply
chain free from foreign reliance that upholds American values and standards. The consequences of
inaction are stark; China could continue to escalate its aggressive tactics to eliminate progress made
by our burgeoning industry.
Now, more than ever, is the moment to address these challenges by enacting this transformative
legislation. Active legislative efforts currently underway provide a key opportunity for Congress to
bolster support for investments already made in RE infrastructure in America. We respectfully urge
the House to include a tax credit in forthcoming infrastructure legislation as a crucial next step in
securing a domestic RE supply chain.
We thank you for your consideration and stand ready to assist.
Sincerely,
Advanced Magnet Lab, Inc.
Bunting Magnetics
Dexter Magnetic Technologies
Electron Energy Corporation
Energy Fuels Inc
Innovation Metals Corp.
Materion Corp.
National Mining Association
MP Materials
NioCorp Development Ltd.
Quadrant Magnetics
Rare Element Resources Ltd.
Texas Mineral Resources Corp.
Ucore Rare Metals Inc.
Urban Mining Company
US Magnetic Materials Association
USA Rare Earth
Chico,douginil;
https://secureservercdn.net/198.71.233.33/gx0.d43.myftpupload.com/wp-content/uploads/LTR-Coalition-Support-for-REE-PTC-Bill-8.30.21-FINAL.pdf
August 30, 2021
The Honorable Nancy Pelosi The Honorable Richard Neal
Speaker, U.S. House of Representatives Chairman, Committee on Ways and Means
1236 Longworth Building 1102 Longworth Building
Washington, DC 20515 Washington, DC 20515
The Honorable Kevin McCarthy The Honorable Kevin Brady
Minority Leader, U.S. House of Ranking Member, Committee on Ways and Means
Representatives 1139 Longworth Building
2468 Rayburn Building Washington, DC 20515
Washington, DC 20515
Dear Speaker Pelosi, Minority Leader McCarthy, Chairman Neal, and Ranking Member Brady:
On behalf of the undersigned organizations, which represent a majority of America’s reemerging rare
earth (RE) industry, we urge you to include in upcoming infrastructure legislation the production tax
credit for RE magnets proposed in H.R. 5033. This tax credit is a critical action the Congress can
take to secure the domestic supply chain from foreign influence and will set the stage for a vibrant,
commercially competitive RE industry able to compete on a global scale.
On August 10, Representatives Swalwell (CA-15) and Reschenthaler (PA-14) introduced the
bipartisan Rare Earth Magnet Manufacturing Production Tax Credit Act (H.R. 5033) to provide
U.S. suppliers with tax incentives for domestically producing RE magnets. RE magnets are critical to
U.S. national security systems and essential civilian products, including electronics, automobiles,
aerospace equipment, pumps, medical devices, and emerging clean technologies.
The bill offers tax credits for the domestic manufacturing of RE magnets using domestic materials.
Currently, there is limited capacity to produce RE magnets at scale in America, with China supplying
90% of the world’s needs. As noted in an interagency assessment pursuant to Executive Order
14017, “...unfair foreign subsidies and other trade practices have adversely impacted U.S.
manufacturing, and more broadly, U.S. competitiveness.” As such, the U.S. is vulnerable to actions
from foreign governments to weaponize non-market subsidies, loose environmental regulations, and
substandard labor practices to further consolidate control.
This legislation would address market imbalances and help prevent non-market action from
disrupting a resurgent RE industry in America. Moreover, this legislation would empower our industry
to obtain necessary investments from the private sector and accelerate production.
This inflection point could define whether America truly establishes a vibrant domestic RE supply
chain. We deeply appreciate interagency efforts, led by the Department of Defense and the
Department of Energy, to establish domestic RE production capable of meeting U.S. national
security and commercial needs. With this support, our industry has made significant investments to
strengthen and expand domestic RE production. While laudable, this is just the first step. To build a
resilient American supply chain that is globally competitive, we must pursue a whole of government
approach, including tax incentives.
For decades, U.S. policymakers, our industry, and our customers have longed for a domestic supply
chain free from foreign reliance that upholds American values and standards. The consequences of
inaction are stark; China could continue to escalate its aggressive tactics to eliminate progress made
by our burgeoning industry.
Now, more than ever, is the moment to address these challenges by enacting this transformative
legislation. Active legislative efforts currently underway provide a key opportunity for Congress to
bolster support for investments already made in RE infrastructure in America. We respectfully urge
the House to include a tax credit in forthcoming infrastructure legislation as a crucial next step in
securing a domestic RE supply chain.
We thank you for your consideration and stand ready to assist.
Sincerely,
Advanced Magnet Lab, Inc.
Bunting Magnetics
Dexter Magnetic Technologies
Electron Energy Corporation
Energy Fuels Inc
Innovation Metals Corp.
Materion Corp.
National Mining Association
MP Materials
NioCorp Development Ltd.
Quadrant Magnetics
Rare Element Resources Ltd.
Texas Mineral Resources Corp.
Ucore Rare Metals Inc.
Urban Mining Company
US Magnetic Materials Association
USA Rare Earth
Chico, douginil; Guys, thank you both for Posting!
Looking forward to Search's summary of their results! Since they already have a dry magnetic sorting process tested, lets hope they can move quickly to a surface mining plan next year that emphasizes the most easily recoverable products a full scale processing facuilty and revenue stream that allows further operations!
doug; pretty interesting link... writer in one of those articles was not particularly positive regarding REE mining prospects in the U.S. due to regulators ingrained anti mining bias!
I have not been posting much lately; Sewer backup/replacement, family obligations, stuff like that.
LM. "Just speculation, who are the partner(S)?"
Only other one might be Nucor Steel. Automotive and steel piping for oil and gas industries.
Chico; Regarding "LM-An REE type F.S. is currently being put together!"
Was there any mention of the old core samples that they wanted to analyse for REEs? I have not heard anything about them recently, I assume that they have them and are working with them.
Well someone was listening. Price popped up to $1.04 before dropping back down.
An aside...Price of bread was up today. Orowheat loaf normally $3.75 was $5.99. Too late to invest in wheat futures? (I am going back out to the garden.)
Chico,Douginil,all; Search announces accelerated Warrent Expiry date:
"Vancouver, B.C. August 18, 2021 – Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce that the Company has elected to accelerate the expiry date of certain warrants.On March 11, 2021, the Company issued a total of 12,500,000 warrants (the “Warrants”) which are exercisable at $0.10 per share until March 11, 2022. As previously announced, the Warrants contained a provision that allows the Company to accelerate the expiry date of the Warrants if the closing price of the Company’s shares on the TSX Venture Exchange is greater than $0.14 for a period of twenty consecutive trading days. As the Company’s shares have closed at higher than $0.14 since June 4, 2021, the Company is now providing notice by way of this press release to all the remaining holders of the Warrants that the expiry date for the Warrants will now be September 30, 2021. The Company will also provide written notice directly to all the Warrant holders of the early expiration date. There are 10,820,000 Warrants that are remaining and subject to the early expiration date.If all warrants are exercised, proceeds of $ 1,082,000 would be realized.
In addition, the Company announces that is has issued a total of 8,930,000 stock options to its directors, officers, employees and consultants. All the stock options will be exercisable for a period of five years at an exercise price of $0.20. Of the total number of stock options granted 7,050,000 options were granted to directors and senior officers of the Company.
About Search Minerals Inc.
Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and: AWESOME FOX."
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Probable dilution but with cash income. The Options incentivize performance and share price increase, hope that works!
No other news at this time. The results of their Summer drilling program should come late fall or early winter!
Bon Jovi; I have a minimal position in MLLOF so its not to hard to watch the up and downs. Always difficult if you have larger holdings.
News out today, 8/18/2021
https://finance.yahoo.com/news/medallion-resources-adds-daniel-mamadou-100000189.html
(I took info from Medallion site which had this info up, but was not there when I looked at it again. The story does show on Yahoo. More share dilution at a pretty low exercise price, but more operating funds.
Will the new board members provide contacts that will result in a pilot plant start up??
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Vancouver, BC – Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) –
"“Medallion” or the “Company”), is pleased to announce the addition of Daniel Mamadou and Gabriel Alonso-Mendoza to the Board of Directors (the “Board”). Both Daniel and Gabriel are long term, active participants and investors in the rare earth element industry, and bring extensive commercial and financial experience to the Medallion team.
“The addition of Daniel Mamadou and Gabriel Alonso-Mendoza to the Medallion Board is a key moment for the Company, providing a new level of financial and commercial capacity” said Mark Saxon, President and CEO. “Both Daniel and Gabriel have impressive records, and their contributions to Medallion’s strategy and growth are highly anticipated.”
Daniel Mamadou is the founder and executive director of Welsbach Holdings, a Singapore-based firm investing in the discovery and development of the metals and materials that are critical to the global energy transition. Prior to the formation of Welsbach, Daniel co-founded Talaxis Ltd, a subsidiary of Noble Group focused on the development of supply chains of technology metals and materials. He was the director of Talaxis from 2015 until December 2020. In addition, Daniel’s professional career has included senior roles at Deutsche Bank in London and Hong Kong, Goldman Sachs in London and as Head of the Corporate Solutions and Financing for Nomura Securities for the Asia-Pacific region. Daniel holds an MSc in International Securities and Banking from the ICMA Centre University of Reading and a BA in Business Management from ESIC-Valencia.
Gabriel Alonso-Mendoza co-founded Amvest Capital Inc. to support companies seeking growth capital within the natural resource sector. Throughout his career, Gabriel has raised and invested over $1 billion for companies in the mining and metals, oil and gas, and agriculture industries. Before forming Amvest Capital, Gabriel worked on the buy and sell-side ranging from analyst to junior partner. Gabriel graduated from the University of Miami with a degree in International Finance and Marketing.
Furthermore, Medallion announces the grant of 500,000 stock options to directors which are exercisable into common shares of Medallion at a price of $0.17 per common share in accordance with TSX Policy 4.4, and subject to the rules of the TSX Venture Exchange and the Company’s Stock Option Plan. The options have a term of five years and will expire on August 18, 2026.
Medallion is focused on commercialization of proprietary technologies that enable the sustainable extraction and separation of rare earth elements (“REE”) with minimum environmental footprints. This includes a proprietary method to utilize mineral sand monazite as a low cost REE source for which the positive findings of a Techno-Economic Assessment (“TEA”) were recently published; and the patented Ligand Assisted Displacement (“LAD”) Chromatography process for solvent-free REE separation."
All; https://elyseedevelopment.com/news/2021/elysee-earns-2-049-529-0.07-per-share-during-the-three-months-ended-june-30-2021/
"August 5, 2021 - Vancouver, B.C. - Elysee Development Corp. (TSX.V: ELC) is pleased to announce its unaudited financial results for the three and six months ended June 30, 2021 (“Q2 2021”). All dollar amounts are in Canadian funds.
Highlights from the Q2 2021 results include:
Net earnings of $2,049,529 ($0.07 per share) in Q2 2021 as compared to earnings of $53,271 in Q1 2021.
Net investment income of $2,140,237 in Q2 2021 versus $151,255 in Q1 2021.
Operating expenses of $90,708 during Q2 2021 as compared to $97,984 in Q1, 2021.
Net Asset Value per share increased from $0.64 as of March 31, 2021 to $0.72 per share as of June 30, 2021.
A cash offer of $2.65 per share by Evolution Mining for Battle North Gold Corp. was completed resulting in a realized gain of $231,678 in Q2 2021.
During the reporting period significant gains were realized on the sale of shares of Lightwave Logic Inc., E79 Resources Corp., Endurance Gold Corp., Nextsource Materials Inc. and Oroco Resource Corp. among others.
In June the Company invested $1,250,000 in an 8% convertible debenture issued by Wildpack Beverage Inc. in addition to the $270,000 invested in units of Wildpack earlier this year". ...Snip
more at link
Chico; This is a LOI that requires a later definitive agreement. Highlights;
Search is trading 15 million shares to purchase a 2.5
NSR ("Net Smelter Royalty") held by B&A Minerals Limited. They are transferring licenses on several mining properties. (B & A retains the right to explore for Gems?? on one? Garnet? Diamond?)
"Also, for greater certainty, the 2009 Mining Option Agreement between B&A and Search will, once the definitive agreement is signed, be fully discharged without any further existing or future contractual obligations."
I don't know the details of this, but removing obligations and creating certainty is good for a business. It would make a company a more attractive take over or buyout prospect. (The USA REE Collaboration agreement?)
"Greg Andrews, President and CEO states: “We believe the reduction of the Royalty, will provide flexibility with our future discussions regarding offtake agreements and funding for the projects."
B&A will still benefit with .5% NSR Royalty and as shareholder of 15 million shares.
Share dilution is being traded for a greater percentage of the profits from the marketable product (Assuming the NSR = the marketable product.)
For shareholders the profits will be reflected in a higher S/P or larger dividend. (Mining companies do not like to issue dividends from what I can see!) The SP was down to $.13 US on close, but it is back up to $.1404 US a 6% rise. Lets hope it continues!
Landmark; Perhaps Warrants exercised on July 9th and the 26th resulted in some of the share increase. See post 73185.
There may have been some options shares that were exercised at some point and were no longer restricted?
We will find out in some quarterly or annual filing.