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Jervois Closes its São Miguel Paulista Refinery Acquisition
Jervois Global Limited (“Jervoisâ€) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) has now closed its previously announced acquisition from Companhia Brasileira de AlumÃnio (“CBAâ€) of 100% of the São Miguel Paulista nickel cobalt refinery (“SMPâ€) in São Paulo, Brazil. Total consideration to be paid for the acquisition is R$125 million in cash. Jervois paid the initial R$15 million payment in late 2020 when the acquisition was publicly announced and a further R$47.5 million on closing in accordance with the previously announced terms of the purchase agreement. The remaining R$62.5 million is to be paid on the earlier to occur of commencement of commercial production at SMP and June 2023, per the purchase agreement.
A Jervois technical and commercial team is currently working onsite at SMP undertaking detailed planning for the expected restart of SMP which is Latin America’s only electrolytic class 1 nickel and cobalt refinery
For link to the full PR goto:
https://mailchi.mp/a03debd9c497/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-15037301?e=48b5acd3da
" I could be the oldest shareholder around." We can debate this at the ground breaking.
chico Thank you for all the DD that you do and freely share on this board. Your post #81702 should be very useful as is your post #81717. walterc's post #81712 should also be helpful to new followers of the project and this board.
Nicely explained BM.
I believe that after the L3 demonstration runs are completed the data will be forwarded to another third party to include in the development of the final economic analysis including any change in CAPEX, OPEX, and REVENUE from our primary products of Nb, Sc, Ti and the specific REE elements (oxides) as BYPRODUCTS.
I have no way of knowing but I believe that the change in the processing of all of the elements may push all or a part of the purity and form of the output into a "speciality chemical" category. If so I think the average $/kg selling price would go up, and even reduce the concern about the Scandium selling price. Get some material out of the "commodity category" may do wonders to the overall average REVENUE.
Of course I suspect the potential financing parties have their own models and will punch in the results of the Demo run and could say yea or nay before the third party results are done and announced in a PR.
I have been thinking the results of all of this would be about Labor Day. However since the demonstration runs may not have been started I am now thinking it will be mid-October.
JMHO
Hmmmm Just read the 7/14/2022 article by Kane from Equity.Guru and added in at the end (page 8/11) is:
"Full Disclosuser: NioCorp is an Equity Guru marketing client."
Things are getting warmed up, a bit of help for JS and good for us.
Thanks for posting LC
Good finds, thanks for posting.
237.3 M of 1.51 g/t AuEQ within 600 M of 0.91 g/t AuEQ from the Goldstorm Deposit on American Creek's JV Treaty Creek
Cardston, Alberta--(Newsfile Corp. - July 13, 2022) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation" or "American Creek") is pleased to present the first set of drill results for Phase l of the 2022 exploration program (the "Program") conducted by Tudor Gold at their Joint Venture project, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.
The Program at the Treaty Creek property includes an aggressive resource expansion and delineation plan on several areas including the Goldstorm Deposit and the Eureka and Calm Before the Storm zones. Results included in this press release are reported from five diamond drill holes that were drilled on the Goldstorm Deposit from sections 109+50 NE, 116+00 NE, and 117+00 NE. All holes were targeted outside the 2021 Mineral Resource Estimate area (see link: corresponding Goldstorm Deposit plan map and sections).
SECTION 109+50 NE
GS-22-135 intersected 55.50 meters (m) grading 1.42 g/t AuEQ within 190.5 m of 0.80 g/t AuEQ. The hole targeted a high-grade intercept from the 2020 program (GS-20-66) which sits outside of the current resource area. The new zone has been named "Route 66" and warrants further exploration to understand the extents of the system. Visible gold was identified in the drill core.
SECTION 116+00 NE
GS-22-129 stepped out on the DS5 resource area and returned 28.5 m of 2.33 g/t AuEQ within 89.35 m grading 1.02 g/t AuEQ. Gold and silver mineralization was encountered past the footwall side of the Treaty Thrust Fault 2 (TTF2). The extension of DS5 to the northeast and renewed understanding of the nature of mineralization shows that this domain is vast in size and remains unbounded. GS-22-129 stepped out 150 m from the 2021 drilling.
SECTION 117+00 NE
GS-22-130 intersected DS5 mineralization grading 1.51 g/t AuEQ over 45.0 m within 91.5 m grading 1.17 g/t AuEQ. Similar to GS-22-129, mineralization was encountered past the footwall of TTF2. GS-22-130 stepped out 175 m from the 2021 drilling.
GS-22-131 also targeted DS5 and intersected mineralization past the footwall of TTF2, returning 1.07 g/t AuEQ over 26.5 m, within 163.0 m of 0.61 g/t AuEQ. GS-22-131 stepped out 115 m from the 2021 drilling.
GS-22-133 stepped out 200 m from the 2021 northern drilling extents of 300H and CS600 domains. An exceptional interval of 1.51 g/t AuEQ (0.89 g/t Au, 0.49 % Cu) over 237.3 m was reported within a broader mineralized zone of 0.91 g/t AuEQ over 600.0 m. This confirms the extension of CS600 to the north and shows an increase of gold and copper grades at depth.
Darren Blaney, President and CEO of American Creek, stated: "Every year, the anticipation of the first round of drill results is an exciting time. We are very pleased that once again, Treaty Creek and the Tudor Gold team have delivered the goods, and this first round of very strong expansion drill results is welcomed by our team and shareholders alike as this is shaping up to be another monumental year of development and discovery at one of the most exciting gold projects in the world."
Ken Konkin, President and CEO of Tudor Gold, commented: "We are extremely pleased with the first set of results of our 2022 Goldstorm resource expansion drill program. We continue to encounter strong gold, silver and copper mineralization outside the previously defined resource area. The overall strength and consistency of the Goldstorm system continues to amaze our entire technical team as the deposit remains open in all directions and at depth. We have commissioned the next set of 200 m to 300 m step-out holes based on these overwhelming positive results. Additionally, we have confirmed the discovery of a new zone in the southern portion of Goldstorm which adds yet another dimension to this expanding deposit. Based on an intercept obtained in 2020 from GS-20-66 which was formerly believed to be part of the CS600 Domain (2.15 g/t AUEQ over 75.0 m), the 100 m step-out hole GS-22-135 intercepted an up-dip expression of 1.42 g/t AUEQ over 55.5 m. This has been named Route 66 (R-66). This is clearly a gold-dominant system that exists separate to the known CS600 and DS5 Domains. Drilling continues at a fast pace at Treaty Creek with eight drill rigs on site. Our crews have completed over 20,000 m of drilling to-date and we anticipate more results to be released in a timely manner throughout the summer."
Read more and view tables at:
https://us5.campaign-archive.com/?e=6f11d69fd1&u=af629dcbbf88a5932a7e484e3&id=3d969541db
AO That article was very good, thanks for posting the link.
AO Thanks for posting the information from TipRanks
Thanks rubberworm, nice article.
Thanks manuel for posting that link to the quarterly activities report
Ah yes. Those of us who like to follow oil & mining explorers need the patience of Job and a very strong stomach over a long period of time.
PCOGF
I forgot to give a hat tip to Ebenezer3 on the Pancontinental board (post #1336) for that find.
This is a fantastic video (1:45), June 27, 2022, on off shore Namibia. It features:
Africa Oil (~4:00)
ECO Atlantic (~45:00)
Sintana Energy (~1:16:00)
Again THANK YOU Ebenezer for finding this video and posting the link. I just watched the complete video and it is just fantastic. It covers Africa Oil, ECO Atlantic and Sintana (comments about Pancontinental - PEL 87) all of which I am interested in.
Thanks Ebenezer. Any chance to get a time pointer to the start of the Sintana Energy part?
Ooops never mind I am also very interested in Africa Oil (~4:00) and ECO Atlantic (~45:00), Sintana (1:16:00)
Hi chico
There may be all sorts of possibilities and I hope Scott et al have considered them.
Since NioCorp has to purchase Fe units to produce the FeNb that will be sold maybe they can use it themselves and reduce OPEX. Of course maybe the Fe material, or compound, is in such purity and form that it is classified as a "specialty chemical" that can be sold as another by-product.
Maybe we have enough land we can put in solar panels and/or wind turbines and generage electricity for the project. Or generate green hydrogen that can fuel a Sc oxide fuel cell. Maybe we can add a grid scale Vanadium redox flow battery since Mark is familiar with such technology to pair the solar power and work with the power company to provide power in the times when electric power is in high demand and the wind is not blowing and/or the sun is not shining.
Happy 4th of July to all !!!
Hi chico
Thanks for your post #81429. Relative to your comment:
' "(I wonder "IF" entities are watching & waiting, running their own numbers...??)
Waiting in my front row seat with many! "Bring on Material News as it becomes available" ... '
I suspect that this project has been "modeled to a fare-thee-well" by all of the interested parties. As has been mentioned by management that all parties have had their own geologists-metalallurgist-economist-financial & project modelers go over anything that NioCorp has presented. I am sure that they have played "what-if" games with the models until they have been "blue in the face". [[sorry about the American idioms ]] It has been so long I suspect that some of the original in-house experts have moved on to other projects, or retired.
I suspect that the models have been set up so that when the final operating parameters, CAPEX, OPEX, Revenue figures (either officially or early unofficial back channel) are provided by NioCorp simple data entry is all that will be required, no significant model fiddling or fine tuning will be required.
Therefore, HOPEFULLY a positive GO-AHEAD decision can quickly be made.
Tungsten – the other critical metal and a way to play it
July 1, 2022
One key theme at the PDAC convention this year – Canada’s annual mining convention, sponsored by the Prospectors and Developers Association of Canada – was the idea of so-called “critical metals”
....
All this, and for well over a century the metal was essential to making old fashioned incandescent light bulbs – in fact, General Electric once held a patent on its use for just that purpose.
....
Have you figured it out yet? It’s tungsten.
....
For now, we’ll skip the deep history and just note again that the key global supplier is China. ‘Nuff said on that, right?
So, is there any tungsten in North America, you may wonder? Well, yes! And I visited a truly remarkable site on a recent trip up to the Yukon.
I’m pleased to report that there’s a superb tungsten deposit in Canada, straddling the border of Yukon and Northwest Territories. It’s called MacTung, located at the very top of a high mountain, running along a glacial-carved ridge.
....
This year a company called Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF) bought the MacTung claims from the government – interesting story; too long to discuss here. But it’s a Fireweed play now.
If you follow such things, Fireweed Metals used to be called Fireweed Zinc, and in fact the company just changed its name in the past couple of weeks.
Read the full article at:
https://investorintel.com/markets/technology-metals/technology-metals-intel/tungsten-the-other-critical-metal-and-a-way-to-play-it/?utm_source=rss&utm_medium=rss&utm_campaign=tungsten-the-other-critical-metal-and-a-way-to-play-it
Jervois Finland's Investor and Analyst Tour Presentation
June 30, 2022
Jervois Finland, subsidiary of Jervois Global Limited (“Jervoisâ€) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) is pleased to provide its Investor and Analyst Tour Presentation for June 2022.
For link goto:
https://webmailb.netzero.net/webmail/new/5?session_redirect=true&userinfo=150fb40fa9758ba8704b913d0c3a1d36&count=1656587364&cf=sp&randid=363010993
AFRICA OIL ANNOUNCES THE RECEIPT OF PRIME DIVIDEND AND PROVIDES SHARE CAPITAL AND VOTING RIGHTS UPDATE
VANCOUVER, BC, June 30, 2022 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that it has received a dividend from Prime Oil and Gas Cooperatief UA ("Prime"). The Company has a 50% shareholding in Prime. View PDF Version
Prime has distributed a $75.0 million dividend with a net payment to Africa Oil of $37.5 million related to its shareholding. This is the third Prime dividend distributed this year with Africa Oil having received an aggregate amount of $162.5 million.
Since acquiring its 50% interest in Prime for a cash consideration of $519.5 million in January 2020, Africa Oil has received 13 dividends from Prime for a total amount of $562.5 million.
Also, the Company reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act.
As a result of the exercise of stock options under the Company's Stock Option Plan and return to treasury, the Company now has 477,280,774 common shares issued and outstanding with voting rights as at June 30, 2022.
Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".
This information is information that Africa Oil Corp. is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact person set out below on June 30, 2022 at 6:45 p.m. ET.
China may be a good Bond villain, but rare earths experts are skeptical it’s behind smear campaign
June 30, 2022
In this video, InvestorIntel panelists rare earths experts Jack Lifton, Tracy Weslosky and Christopher Ecclestone express their skepticism at a report released yesterday that alleges a co-ordinated social media campaign out of China targeted the Australian rare earths mining company, Lynas Rare Earths Ltd. (ASX: LYC), with tweets and Facebook posts criticizing its alleged environmental record and calling for protests of its planned rare earths processing facility in Texas.
While the story has been picked up by mainstream and industry media, a deeper dive makes it look increasingly unlikely that this “campaign” was, as claimed, part of a Chinese effort to undermine foreign attempts to develop a rare earths processing capability outside of China and maintain China’s current dominance. While China makes a good James Bond villain in western politics and the popular press, a look at the evidence doesn’t necessarily point in their direction as the main movers in this case. For people familiar with online campaigns, this one attributed to China’s influence campaign known as DRAGONBRIDGE seems particularly weak and unfocused. The campaign and its associated hashtags never trended on Twitter, which is unfortunately all too easy to do with modern botfarms and technology.
For the video link go to:
https://investorintel.com/markets/technology-metals/technology-metals-intel/china-may-be-a-good-bond-villain-but-rare-earths-experts-are-skeptical-its-behind-smear-campaign/?utm_source=rss&utm_medium=rss&utm_campaign=china-may-be-a-good-bond-villain-but-rare-earths-experts-are-skeptical-its-behind-smear-campaign
China may be a good Bond villain, but rare earths experts are skeptical it’s behind smear campaign
June 30, 2022
In this video, InvestorIntel panelists rare earths experts Jack Lifton, Tracy Weslosky and Christopher Ecclestone express their skepticism at a report released yesterday that alleges a co-ordinated social media campaign out of China targeted the Australian rare earths mining company, Lynas Rare Earths Ltd. (ASX: LYC), with tweets and Facebook posts criticizing its alleged environmental record and calling for protests of its planned rare earths processing facility in Texas.
While the story has been picked up by mainstream and industry media, a deeper dive makes it look increasingly unlikely that this “campaign” was, as claimed, part of a Chinese effort to undermine foreign attempts to develop a rare earths processing capability outside of China and maintain China’s current dominance. While China makes a good James Bond villain in western politics and the popular press, a look at the evidence doesn’t necessarily point in their direction as the main movers in this case. For people familiar with online campaigns, this one attributed to China’s influence campaign known as DRAGONBRIDGE seems particularly weak and unfocused. The campaign and its associated hashtags never trended on Twitter, which is unfortunately all too easy to do with modern botfarms and technology.
For the video link go to:
https://investorintel.com/markets/technology-metals/technology-metals-intel/china-may-be-a-good-bond-villain-but-rare-earths-experts-are-skeptical-its-behind-smear-campaign/?utm_source=rss&utm_medium=rss&utm_campaign=china-may-be-a-good-bond-villain-but-rare-earths-experts-are-skeptical-its-behind-smear-campaign
China may be a good Bond villain, but rare earths experts are skeptical it’s behind smear campaign
June 30, 2022
In this video, InvestorIntel panelists rare earths experts Jack Lifton, Tracy Weslosky and Christopher Ecclestone express their skepticism at a report released yesterday that alleges a co-ordinated social media campaign out of China targeted the Australian rare earths mining company, Lynas Rare Earths Ltd. (ASX: LYC), with tweets and Facebook posts criticizing its alleged environmental record and calling for protests of its planned rare earths processing facility in Texas.
While the story has been picked up by mainstream and industry media, a deeper dive makes it look increasingly unlikely that this “campaign” was, as claimed, part of a Chinese effort to undermine foreign attempts to develop a rare earths processing capability outside of China and maintain China’s current dominance. While China makes a good James Bond villain in western politics and the popular press, a look at the evidence doesn’t necessarily point in their direction as the main movers in this case. For people familiar with online campaigns, this one attributed to China’s influence campaign known as DRAGONBRIDGE seems particularly weak and unfocused. The campaign and its associated hashtags never trended on Twitter, which is unfortunately all too easy to do with modern botfarms and technology.
For the video link go to:
https://investorintel.com/markets/technology-metals/technology-metals-intel/china-may-be-a-good-bond-villain-but-rare-earths-experts-are-skeptical-its-behind-smear-campaign/?utm_source=rss&utm_medium=rss&utm_campaign=china-may-be-a-good-bond-villain-but-rare-earths-experts-are-skeptical-its-behind-smear-campaign
Thanks Hetfield for post# 81334 of today's PR that recaps the earlier May 15, 2022 PR
One point made answers a recent question:
"Depending upon the outcome of metallurgical testing on REE recovery rates from Elk Creek ore, soon to be launched at a demonstration plant in Quebec, "
Looks like the demonstration plant is not yet in operation, maybe the furnaces have not yet arrived or installed
The very last paragraph talks about what we on this board have been waiting for.
"NioCorp plans to issue a further updated NI 43-101 technical report that will detail the Company’s plans for possibly producing rare earth products and will determine the net impact of integrating rare earth operations into the Project."
So we are still marking time and waiting. I am sticking to my estimate of after Labor Day.
I also have some HL for the Ag and Zn and have checked out Fireweed Zinc for a real long shot.
Yes this seems to be a good price buy more AOIFF. Unfortunaely my piggy bank is empty.
Eco (Atlantic) Oil & Gas
[[ Thanks to Malcy's blog https://www.malcysblog.com/2022/06/oil-price-genel-savannah-touchstone-eco-ceg-petro-matad-arrow-and-finally/ ]]
June 27, 2022
Eco has announced the successful completion of an equity fundraise of US$12.3 million.
A total of 33,406,531 new common shares in the capital of the Company and 33,406,531 warrants to subscribe for Common Shares have been conditionally placed with, or subscribed for by new and existing institutional investors (including from South African focused investors), at a price of 30p (CAD0.48) per Placing Unit or Subscription Unit. Each 30p unit comprises one new Common Share and one warrant to purchase one new Common Share at a price of US$0.40625 (33p; CAD0.5215) for a period of three years. On settlement, the Equity Fundraise will raise gross proceeds of US$12.3 million for the Company, consisting of:
· a placing of 27,500,000 new Common Shares and warrants to subscribe for new Common Shares (on the basis of one warrant for every one Placing Share (the “Placing Warrants” and, together with the Placing Shares, the “Placing Units”)), at the Issue Price, raising gross proceeds of £8.25 million (US$10.1 million) (the “Placing”); and
· a subscription of 5,906,531 new Common Shares (the “Subscription Shares”) and warrants to subscribe for new Common Shares (on the basis of one warrant for every one Subscription Share (the “Subscription Warrants” and, together with the Placing Shares, the “Subscription Units”)), at the Issue Price, raising gross proceeds of approximately US$2.2 million (£1.8 million) (the “Subscription”).
In aggregate, the Placing Shares and Subscription Shares represent 10.8% of the currently issued share capital of the Company and 9.8% of the Company’s issued share capital as enlarged by the Equity Fundraise (both percentages stated prior to the issue of new Common Shares pursuant to the acquisition announced earlier today).
In connection with this Placing, Fox-Davies Capital Limited and Fox-Davies Capital (DIFC) Limited (together “Fox Davies”) acted as the sole placement agent.
The Placing Shares and Subscription Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Common Shares of the Company, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Gil Holzman, Co-Founder and CEO of Eco Atlantic, commented:
“We are pleased to be able to close this successful private placing. We are fortunate to be able to include some of the leading South African focussed funds in this financing, thus supporting the regional efforts to become energy independent and to promote the local partners and oil and gas exploration efforts in South Africa. The funds we are raising will be applied to our ongoing operations and will enable us to settle the cash consideration for the increased interest in Block 3B/4B announced earlier today, allowing us to retain our current cash resources to drill Gazania-1 well in Block 2B in South Africa in September. In addition, the proceeds will also be used to expedite exploration activities on Block 3B/4B and prepare for potential wells next year in Guyana and South Africa. The proceeds of this fund raise strengthen the Group’s cash resources following termination of the transaction with JHI and its cash component.
As always, we are thankful to Africa Oil, which is participating in this round with an investment of US$1.8m. With over U$38m now in treasury, we are in a very strong financial position to fund all our current planned exploration needs in both South Africa, Namibia and Guyana including the drilling of the Gazania-1 well in September and additional near-term wells on Guyana Orinduik Block and in Block 3B/4B.“
This is very important deal for Eco Atlantic, it shows just how important South Africa is for the company and that Africa Oil and a small coterie of South African investors and done at a premium to the market price. But much more important in my mind is that to me Blocks 3/b and 4/b are like gold dust and here’s what CEO Gil Holzman said about the deal.
Gil Holzman, Co-Founder and CEO of Eco Atlantic, commented:
“We are extremely pleased to be increasing our interest in Block 3B/4B, which looks to be a very exciting licence for all the partners involved. We are upbeat about the prospectivity of the licence following the significant oil discoveries made earlier in the year offshore Namibia Orange Basin and we are pleased to be strengthening our working relationship with Ricocure and Africa Oil Corp. We are seeing growing industry interest in the entire Orange Basin and in particular in Block 3B/4B, and are therefore very happy to have managed to increase our WI on the Block. We are working closely with our partners to progress the technical work required, which includes reprocessing the 3D seismic we have for the Block, in order to evaluate and identify drilling prospects and high grade leads for a drilling campaign we are contemplating for next year. We are set for an exciting couple of months and we look forward to keeping our stakeholders updated as we look to spud the Gazania-1 well on Block 2B, offshore South Africa, in early September 2022.”
My belief that this is the right call follows on from the recent success by Shell at Graff-1 and by Total at Venus 1-x in the spring. At the time the Shell discovery was estimated as a 2bn barrel find whilst WoodMack suggested Venus had 3bn b’s and could produce at some 250/- b/d.
Since then Shell have apparently drilled to appraisal wells and whilst they are both tight, word on the street is very positive at least from the first drill. If the 3/B and 4/B region is up to best standards then industry watchers are suggesting as much as 7bn barrels there with all that entails, and Eco have yet to drill the Gazania-1 well very shortly.
Every single major is knocking on this particular door, with Shell and Total already there and Exxon and Chevron rumoured to be in the area with the cheque book open. This makes the finding, and closure of this deal to be a spectacular success for Eco, the very thought of what a farm-out might look like makes me feel giddy.
Whilst there is never anything remotely certain in this business I think that as the time comes for 3/B and 4/B to be drilled Eco shares may have increased by c.5X +.
Thanks ge. Nucor is certainly a good bet, they are receptive to new ideas and Nb steel for light-weighting for the auto market would provide a competitive edge.
Thanks PM, Interesting articles.
With our luck it will be a Phillips head and all we have is a flat blade screwdriver!
The importance of Scandium
June 23, 2022
Peter Cashin of Imperial Mining talks about scandium’s importance and the need for domestic supply
In this InvestorIntel interview with host Byron W King during PDAC 2022, Imperial Mining Group Ltd. (TSXV: IPG | OTCQB: IMPNF) President and CEO Peter Cashin talks about the growing recognition and demand for scandium in specialized manufacturing, and the need for securing a reliable domestic supply.
In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here), Peter describes the importance of scandium as an industrial metal: “As an alloy agent for aluminum in very, very small quantities of 0.2 to 0.4 percent you can increase the the mechanical properties of the alloy by 800%.” Peter also talks about the importance of scandium, used in defense, aerospace and automotive industries where strong, lightweight, heat and corrosion resistant metals are needed.
Peter goes on to say that only 35 tons of scandium are produced a year, mostly by Russia and China, but Imperial Mining – which just published a new PEA on its Crater Lake TG Zone Scandium-Rare Earth Element (Sc-REE) deposit – is located in Quebec, Canada. “We know that the consumers both in the the military establishment, the automotive industry and the aerospace industry have been looking for this stuff… and our intention is to produce and develop this thing to production to be able to satisfy the western and certainly North American manufacturing market.”
To read more and get link to the video goto:
https://investorintel.com/investorintel-video/peter-cashin-of-imperial-mining-talks-about-scandiums-importance-and-the-need-for-domestic-supply/?utm_source=rss&utm_medium=rss&utm_campaign=peter-cashin-of-imperial-mining-talks-about-scandiums-importance-and-the-need-for-domestic-supply
Excelsior Mining Announces Interim Assay Results from the JCM Infill Drill Program
June 22, 2022
Excelsior Mining Corp. (TSX: MIN) (PFSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the “Company”) is pleased to announce additional assay results from the infill drill program on the Johnson Camp mine pits (JCM) located in Cochise County, southeastern Arizona and provide an operations update.
Drill Program
Due to successful drilling in the NE corner of Burro pit, additional holes were added and those with assays returned are reported below. The improved results will allow the Company to develop a mine plan that focusses on this new, higher-grade, mineralized zone. Permitting of the new leach pad to restart operations is in progress, however the additional drilling and metallurgical testing will push the Company’s goal of restarting mining operations at JCM into 2023.
“The recent infill drill results from the Burro pit are better than expected compared to existing data. Zones of significant thickness and grade have been intersected. We look forward to getting all the results back, completing the geological and resource interpretations and design optimization, with our goal of restarting the JCM open pits as soon as possible,” commented Roland Goodgame, Senior Vice President Business Development.
The drilling program is now completed with a total of 43 diamond holes being drilled. Six holes are still awaiting assays. Sequential copper assays for the remaining 37 holes have an average leaching potential exceeding 68% (excludes intervals that contain sulfide mineralization). Assay highlights are included in Table 1 below. Full assays are included in Table 2.
For additional information and data tables goto the company website.
Fireweed to Rebrand as ‘Fireweed Metals Corp.’
June 21, 2022
-- to Reflect Its Emergence as a Leading Critical Minerals Company
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed†or the “Companyâ€) (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce it is rebranding and transitioning with a name change to FIREWEED METALS CORP. Fireweed will now operate as and market itself as Fireweed Metals Corp., but formal adoption of the new name will occur when regulatory approvals are received. Fireweed will continue to trade under the same symbols on stock exchanges (TSXV: FWZ; OTCQB: FWEDF; FSE:20F) and the number of shares outstanding will not change.
The rebranding features a new redesigned website, www.FireweedMetals.com, which launches today. Readers are encouraged to explore the new website which features a new look and new content with enhanced visuals and videos.
For more information goto:
www.FireweedMetals.com.
Eco (Atlantic) Oil & Gas
[[ Thanks to Malcy's blog
https://www.malcysblog.com/2022/06/flash-blog-wentworth-chariot-savannah-eco-atlantic/
]]
June 22, 2022
Eco has provided an update on the operations for its planned Gazania-1 Well, offshore South Africa. Eco through its wholly owned subsidiary Azinam South Africa Limited Operates and holds a 50% working interest (“WI”) in Block 2B, plans to spud the Gazania-1 well, 25km offshore the Northern Cape in South Africa in September 2022. The well will take approximately 25 days to drill.
Eco Atlantic acquired 100% of Azinam Group as initially announced on 10 January 2022, which increased WI in its all existing Namibian licences PELs 97, 98, 99 and 100 to 85%, and led to a new country entry with two blocks offshore in the Orange Basin, South Africa; a 50% WI and Operatorship in Block 2B, which contains the previous AJ-1 oil discovery with 56 million barrels of oil equivalent (“mmbbl”) Mean Contingent Resources of light oil, and a 20% WI in Block 3B/4B. Block 3B/4B directly offsets the prolific multibillion barrels discoveries offshore Namibia announced earlier this year by Shell (Graff-1) and TotalEnergies (Venus-1).
Eco, as Operator of Block 2B is leading the JV partnership comprised of Africa Energy Corp (27.5% WI), Panoro 2B Limited, a subsidiary of Panoro Energy ASA (12.5% WI) and Crown Energy AB (10% WI) in drilling the Gazania-1 Exploration Well in Q3’22. The well is being drilled 25km offshore in 150 meters of water and will be drilled to a depth of approximately 2,800 meters to target a stacked pay section up dip of the AJ-1 discovery and in the proven oil horizon.
As announced on 3 March 2022, Eco contracted the Island Innovator rig with Island Drilling Company AS, the rig is to be mobilised from Bergen, Norway in the second half of July. The state of the art semi-submersible drilling rig was selected for its modern safe operating systems, its stationary anchoring and its system specifically engineered for the engineering requirements and depth range for this well. The well anticipated to be low pressure and low temperature based on the evaluation of all regional wells. It will be cased with three telescoped and cemented casings and will be drilled with environmentally friendly water based drilling fluids. The Company plans to seal and plug the well after the test with no remaining equipment left on the sea floor. The sea floor well area was surveyed in 2021 to confirm there are no environmental or culturally sensitive concerns.
Eco recently met face-to-face with members of the local communities and interested organizations through both focus groups and ongoing open meeting forums, to provide information sharing sessions, to engage with them to inform on the upcoming operations and to answer any questions.
Colin Kinley, Co-Founder and COO of Eco Atlantic commented:
“The acquisition of Azinam created an opportunity to work with the JV partners, the Government of South Africa and importantly the people of South Africa to drill this significant well in Q3 this year. We have worked diligently with our drilling team and partners to define a safe and efficient drilling strategy for Gazania, to define drilling engineering to meet world standards of environmental protection and hopefully give South Africa access to its own oil resources.”
“We acknowledge that South Africa’s energy transition must be thought out from all perspectives. Although the required permits are in place at this point we thought it necessary to voluntarily meet with the regional local communities and interested parties to hear out concerns and interests. The Company met with community representatives at public information sessions and we have had, and will continue to have, face-to-face discussions in the coming weeks. We are currently on schedule to mobilize out of Norway in the third week of July and spud early in September. We anticipate approximately three to four weeks on site to drill the test well and then regardless of our findings we will seal off the well, ensure the site is completely restored and move off. Eco has chosen a majority of available South African services and will base its operations from Cape Town. This is an exciting opportunity and holds the potential of establishing a new over 300 million barrels light oil resource.”
As I mentioned the other day Gazania is on track with all systems go as Eco get well and truly stuck into the South African drilling programme.
Chariot
[[ Thanks to Malcy's blog
https://www.malcysblog.com/2022/06/flash-blog-wentworth-chariot-savannah-eco-atlantic/
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June 22, 2022
Chariot has announced its audited final results for the year ended 31 December 2021.
Transitional Gas:
Anchois Gas Development Project
· Successful drilling campaign of the Anchois-2 well, completed safely, on time and on budget delivering a significant gas discovery.
· An accelerated field development plan underway as the Company looks to progress the front end engineering design (“FEED”), ahead of the final investment decision (“FID”).
· Discovery exceeded expectations: 150m net pay confirmed across seven reservoirs, excellent quality and consistent dry gas composition which should enable a simple development.
· MoU on gas offtake and partnering signed with a leading international energy group
· Societe Generale appointed as financial advisor to lead the project financing.
· Collaboration / FEED agreement in place with Subsea Integration Alliance to progress the front-end design, engineering, procurement, construction, installation and operation of the development project.
· Management focussed on progressing towards material cashflows as quickly as possible.
Material upside potential:
· The drilling campaign also directly de-risked a material portfolio of prospects within the Lixus licence area.
· The Rissana Offshore Licence, Morocco was signed in February 2022 which surrounds the Lixus acreage and captures gas play extensions from the Anchois wells.
· Potential for multi Trillion Cubic Feet (“TCF”) volumes in deeper plays.
Transitional Power
Renewable Energy for Mining Projects
· Acquisition of AEMP completed in Q2 2021 with the AEMP team now fully integrated within Chariot’s Transitional Power business.
· Projects are developed in strategic partnership with Total Eren, a global renewable IPP focused on low-risk mining power projects in Africa.
· The partnership was extended in January 2022 to cover a three year period, with an option to extend for a further two years thereafter. Chariot has the right to invest between 15-49% into the co-developed projects.
· This partnership is building up a pipeline of African mining power projects and looking to collaborate on other non-mining energy projects and transactions across the continent.
· First project in operation, a 15MW solar project, at the Essakane gold mine in Burkina Faso, successfully generating material returns.
· Two more projects signed in the post-period and in development:
o An MoU signed for a 40MW solar PV project with Tharisa Plc, to provide power to its chrome and PGM operations in South Africa.
o Partnership in place with First Quantum Minerals to advance the development of a 430 MW solar and wind power project for its copper mining operations in Zambia – one of the largest renewable private sector energy projects in Africa.
Green Hydrogen – Project Nour
· Exclusivity awarded over licences to develop a large scale green hydrogen project utilising renewable power to split water through electrolysis.
· Recent Pre-Feasibility Study confirms that Mauritania is exceptionally well-placed for green hydrogen production due to its unique solar and wind resources and the project has the potential to produce some of the cheapest hydrogen in the world.
· Domestic benefits for Mauritania include providing baseload power to the national grid, diversifying industrial activities (e.g. green steel), promoting job creation and developing local infrastructure with the potential to have a significant impact on GDP.
· Framework Agreement in place which defines the terms and guiding principles to pave the way for the in-depth feasibility study that will be undertaken over the next 24 months.
· Optimising project fundamentals through reducing acreage position to 5,000km² therefore allowing for a more focused scope
· MoU signed with the Port of Rotterdam International, a global energy hub and Europe’s largest seaport which represents a first step towards establishing supply chains.
· Partnering process underway with the objective to form a world class consortium.
Other licences
· Whilst fully written down, Chariot has retained its interest in its licences in Brazil with no work commitments going forward and will host datarooms for interested parties as required.
· The Central Blocks in Namibia have expired but Chariot retains a 10% back in right in the Southern Blocks as a low risk future option.
Corporate
· Further to the successful equity fundraising of US$25.5m and $4 million Open Offer announced in June 2022, the Company is well financed to take the Anchois Gas Project through to FEED and FID, in addition to progressing the Company’s wider asset portfolio.
· Oversubscribed equity fundraising completed in December 2021.
o Year end cash position as at 31 December 2021 of $19.4 million with no debt and minimal remaining work commitments.
· Senior leadership team fully aligned with shareholders, with the Board owning 9.57% of the shares in issue following June 2022 fundraising.
Outlook
Chariot is focused on:
· Delivering prompt FID on the Anchois gas development
· Progressing towards production and material cashflows from Anchois as quickly as possible.
· Strategic partnering in Morocco to accelerate growth from a portfolio of high value, low risk upsides
· Further development of the pipeline of Transitional Power projects.
· Evaluation of further value-accretive new ventures in line with the Company’s focus on the theme of energy transition.
Adonis Pouroulis, Acting CEO of Chariot commented:
“During what has been a turbulent macro environment since the onset of the COVID-19 pandemic, I am very proud of the progress we have made across the business over the past year, as we continue to establish our transitional energy platform within Africa. Our mission is to create value and deliver positive change by investing in projects that are driving the energy revolution and we are fully committed to executing our plan. Through progressing and accelerating our gas development offshore Morocco we are looking to provide a gas hungry market with domestic supply; through our renewable power projects we are materially reducing the carbon emissions of mining operations in Africa and with our acreage in Mauritania, we are progressing what has the potential to be one of the world’s largest green hydrogen projects and a key source of green energy in the future.
As a nimble and entrepreneurial team, we will also continue to leverage our network and utilise our expertise to seek out new ventures where we can play a key role and that fit within our ethos and strategy. We are excited about the potential that sits within our current portfolio, as well as opportunities that the future holds. We look forward to our ongoing progression and evolution as a company and we thank our shareholders for their ongoing support.”
A very much in line with expectations set of results today with nothing that wasn’t already in the market. CEO Adonis Pouroulis is very confident and so he should be.
If true that really, really surprises me.
FIREWEED ZINC MOBILIZES FIELD CREWS FOR $10M DRILL PROGRAM AT MACMILLAN PASS
June 20,2022
Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed†or the “Companyâ€) (TSXV: FWZ; OTCQB: FWEDF; FSE: 20F) is pleased to announce that the first field crews have been mobilized to the Macmillan Pass Property, in Yukon, Canada to prepare for a large 2022 drill program. Significant improvements are being made to the camp to support the four-rig 2022 program. Diamond drilling, core scanning, and a muon tomography survey will begin in the coming weeks after the access road opens.
Highlights
- This will be Fireweed’s largest drill program to date with 8,000 m of diamond drilling planned.
- Two-thirds of the metres will be step-out and infill at Boundary Zone and Boundary West with the remaining metres split between Tom and Jason targeting high-grade step-out and infill holes.
- All 2022 core plus core from previous programs and historical core will be scanned using advanced hyperspectral scanning technology.
- Muon detectors will be deployed at Boundary West to effectively target step-outs and help define the geometry of the recently discovered zones of massive and high-grade laminated sulphide.
- Field crews will also be conducting due diligence and validation work at the adjacent Mactung Tungsten Project in the coming months in preparation for the planned Mineral Resource update and PEA economic study
V.P. Exploration Statement
Gilles Dessureau, V.P. Exploration, stated “We are very excited to start our 2022 season. It will be the largest and most ambitious program ever carried out by Fireweed at the Macmillan Pass Project. We are also excited to use innovative new technologies, such as muon tomography and hyperspectral imaging to guide exploration. The main objectives of the 2022 field program will be to define and expand the known mineralized zones toward an updated mineral resource study this winter followed by an updated preliminary economic study.â€
Read more at:
https://mailchi.mp/fireweedzinc/press-release-6097923?e=59d37eddfe