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P.M. Monocle Additional Information on TechMet
https://www.techmet.ie/technology-metals/
Here is where it discusses the U.S. as a Shareowner:
TechMet’s largest shareholders now include the US International Development Finance Corporation (DFC – the US Government’s development finance institution); Lansdowne Partners (one of London’s foremost investment institutions); and Mercuria (the global energy trading company); together with TechMet Chairman and CEO, Brian Menell.
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Information on DFC;
https://www.dfc.gov/
"The U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world." (Snip....)
"DFC can provide direct equity investments into companies or projects in the developing world which will have developmental impact or advance U.S. foreign policy. Equity investments can be highly developmental because of their ability to support early and growth-stage companies that would otherwise not be able to take on debt, especially companies in low and lower-middle income countries."
DFC will, of course, not be a source of any funding for Elk Creek Development.
It is a Good example of The U.S.'s Foreign policy Bank undercutting its own nation's domestic mining interests. I suppose it is still possible that the Deparment of Defense strategic minerals program might still be a source.
(Non Governmental is always preferential!)
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In looking at TechMets website they show their target minerals as:
COBALT • LITHIUM • NICKEL • TIN • TUNGSTEN • VANADIUM • RARE EARTH METALS
Their Ventures
"Rainbow Rare Earths is a listed producer of high-grade rare earths concentrate in Burundi and South Africa.
TechMet has made an equity investment and is exploring options with Rainbow to develop downstream processing capacity to turn Rainbow’s high-grade concentrate into high-value rare earth products.
While they might invest in multiple REE projects, to my mind this tends to diminish the possibility that TechMet will be financing Elk Creek.
Probably easier to negotiate the S.A and Burundi and regulations.
Monocle, all;
Regarding the claim in the Fox News/Reuters article indicates that that as of last month the U.S.Govt. is a "Shareholder" in Techmet:
"The U.S. government in April became the largest shareholder in mining investment firm TechMet"
Techmet advises that it is a private company so I cant say quite what is happening here, whether the article is accurate or Reuters is misinformed or misunderstands or was given bad information. (Always possible with reporters.) Since private I do not think Shareholder info would be publically available.
https://www.techmet.ie/
"TechMet is a private industrial company that is building controlling or significant minority positions in world-class projects across the technology metal supply chain."
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The Government, through the Treasury department might buy shares in Banks or Brokerage firms to Stabilize them in bad times, but a Mining company? It would not surprise me if this was a question of Grant money that is funneled through TechMet. That has happened before.
TECHMET NEWS FROM LAST YEAR Regarding a GRANT from the US Government's International Finance Agency to mine nickle and cobalt in Brazil;
https://marketrealist.com/p/us-government-techmet-nickel-mining/
By Kori Williams
Apr. 23 2021, Updated 2:33 p.m. ET
The U.S. government is taking another step to reduce China's involvement in U.S. life. TechMet, a London-based company, has secured $25 million in funding from the government to back a nickel and cobalt mining project, according to The Financial Times.
snip
For the project, the mining will take place in Brazil, which is a good move for the Brazilian economy. "This important financing will support economic growth in one of Brazil’s most underdeveloped areas," said Adam Boehler, the chief executive of the U.S. International Development Finance Corporation (DFC). "Investments in critical materials for advanced technology support development and advance US foreign policy."
Did this "Grant" come with any requirements such as Board seats or private shares?
Back to the Fox article:
-------------------------------------------------------------------
https://www.foxbusiness.com/markets/biden-looks-abroad-electric-vehicle-metals-us-miners
Snip...
"Washington also funds research into Canadian cobalt projects and rare earths projects in Malawi, among other international investments.
The State Department's Energy Resource Governance Initiative (ERGI) is one of the main programs Washington plans to use to help allies discover and develop lithium, cobalt and other EV metals. To be sure, Washington is not ignoring domestic mining.
The U.S. Department of Energy has awarded grants to help old coal mines find ways to produce rare earths. U.S. officials have also funded MP Materials Corp, which owns the country's only rare earths mine, though it relies on Chinese processors.
But the bulk of Biden's approach is designed to sidestep battles with environmentalists and save capital for other fights, according to one administration source. During a visit to a Ford Motor Co plant in Michigan on May 18, Biden called for government grants for new EV battery facilities. He mentioned Australia's lithium reserves during the tour, but not large U.S. supplies of the key battery mineral."
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Producing REES from old coal mines, if possible, since the Administration wants to stop ALL coal mining (Which WILL result in rolling blackouts for the American People.)
Funding for MP Materials which is partly owned by the CCP. (Which group manipulated the market to put MolyCorp out of business.)
IF the TechMet story is true, I see Soft Fascism and control of Business and industry by Admin academics who have never made anything except coffee in the teacher's lounge.
And IF True, you can be certain that there are members of the current administration who will be made rich by these policy decisions, whether by "investments" or positions on the board. (Yes, Adm. Mike Mullen is on the board. Former Obma. Admin. member.)
Its a good thing that NioCorp has Scandium and Niobium, minerals NOT widely available elsewhere. I hope they stay away from any Government involvement and fund privately.
PM. Good deal! Someone did! Hopefully someone will try to pick up 200 or more shares at $1.03!
1.0153 [+]up tick
0.0053 (0.5248%)
x 847
Bid 1.00 x 14,375
Ask 1.03 x 19,200
P.M. Hopefully someone picks up the 100 shares @ $1.01 USD to clear the way for some higher priced ask orders. (Start at $1.02 US?) Its Friday so I don't expect much upward, although the market has opened up.
Have a good day!
NIOCORP (NIOBF)
1.01 [+]up tick
0.00 (0.00%)
x 130
Bid 1.00 x 11,100
Ask 1.01 x 100
Vol 26,475
AS OF 05/21/2021 9:33 AM ET
PM. Well, in the old days all the Wall Street types would close out their stock positions and head out to Maine or Vermont, or wherever they went to enjoy the water and summer. "Sell in May and Go away."
Not certain how much it applies since the office and the market can follow you even to the beach! Lets hope for an orderly open tomorrow. "A peaceful end and restful night " is what we want now! (Good night!)
PM. Well, hoping for an up day in the markets that will help to drag NioCorp up.
PM
OTX USD
NIOCORP DEVELOPMENTS LTD (NIOBF)
0.9905 [-]down tick
0.0005 (0.0495%)
x 1200
Bid 0.9903 x 16,600
Ask 1.00 x 1,700
Vol 6,001
AS OF 05/20/2021 9:30 AM ET
A little 100 share trade at 3:58 pm at ask might be able to push the price up one cent. (Was able to do it several times, but I was not on Fantail Watch last night!)
Anyone online at 3:55 CST think about a little pushup trade at the close!
Boilermaker; Article on Salt precipitation / Salt Fouling. (Engineering processes / NioCorp.)
https://scitechdaily.com/crystal-critters-get-salt-out-of-water-by-making-it-grow-legs-and-self-eject/
"About a quarter of a percent of the entire gross domestic product of industrialized countries is estimated to be lost through a single technical issue: the fouling of heat exchanger surfaces by salts and other dissolved minerals. This fouling lowers the efficiency of multiple industrial processes and often requires expensive countermeasures such as water pretreatment. Now, findings from MIT could lead to a new way of reducing such fouling, and potentially even enable turning that deleterious process into a productive one that can yield saleable products."
Something that Scott might be able to use at some point?
Chico! Was at $1.03, Closes at $1.04. (Meh! A no commission trade!)
05/18/2021 03:59:02 PM ET $1.04 $41.60 Net Total: 40.000
Some Spare Change from the couch = a few shares = gentle nudge now and then, and the board and Kmack will be happy!
That said, I want it back up over $1.15 USD!
(Back outside to do yard work before it rains.)
Douginil, all; Establishment of technical advisory board for IMC.
https://ucore.com/ucore-announces-innovation-metals-corp-establishes-technical-advisory-board-of-renowned-rare-earth-and-critical-metals-experts/
HALIFAX, NOVA SCOTIA — May 18, 2021 — Ucore Rare Metals Inc. (“Ucore” or the “Company”) (TSXV:UCU) (OTCQX:UURAF) is very pleased to announce that the Company’s wholly owned subsidiary, Innovation Metals Corp. (“IMC” or the “company”), has established the IMC Technical Advisory Board. Comprised of internationally recognized industry experts and thought leaders, with significant scientific, technical, and market expertise relating to rare-earth elements (“REEs”) and other critical materials, the Technical Advisory Board will advise and support IMC’s leadership team in making important technical and logistical decisions, as IMC continues to advance the commercialization of its proprietary RapidSX™ technology, for the economic, commercial-scale separation of both light REEs (“LREEs”) and heavy REEs (“HREEs”).
IMC Technical Advisory Board Appointments:
IMC appointed the following REE industry experts to the company’s Technical Advisory Board:
i. Dr. Gisele Azimi
ii. Dr. Christian Ekberg
iii. Mr. Furkhat Faizulla
iv. Dr. V. I. Lakshmanan
snip...."
More at link.
So...appointed to satisfy afunding consortium? Legit advisory board?
Joe Kaplan, rugh, all; Edgar filing
http://archive.fast-edgar.com/20210517/AEBOQ62CZ222KZZP22262ZZD5M6KZS22Z232/
May 17, 2021 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") President & CEO Ron Thiessen said recent targets set by the United States government for America’s transition to clean, renewable energy will drive a massive increase in domestic copper demand and consumption over the coming decade.
“For many reasons – including its cost, conductivity, ductility and durability – copper is an irreplaceable metal for renewable and low-carbon energy and electrification technologies,” Thiessen said, noting the volume of copper used per unit of energy output in renewable energy systems (or copper intensity) can be 2 – 5 times greater than in conventional energy generation.
“The US imports more than 35%1 of its annual consumption of refined copper today. When you consider the vast amounts of additional copper metal required to achieve both President Biden and US Congress’ climate change adaptation goals, as well as the American Jobs Plan mandate to bring associated manufacturing jobs home to the United States, the increase in demand over the next decade will be truly staggering.”
Among the renewable energy sources prioritized by the US government is offshore wind farms, for which President Biden set a target of developing 30,000 MW of new generating capacity by 2030. Achieving this goal, which would deliver enough renewable energy to power 10 million American homes, means the country must achieve a 7,000%-plus increase in its current offshore wind farm capacity in under a decade.
According to the International Energy Association (“IEA”), offshore wind is the most copper intensive source of mass energy generation – requiring an estimated eight tonnes of copper per megawatt of installed capacity (“t/MW”) versus 2.9 t/MW for onshore wind, 2.82 t/MW for solar, 1.47t/MW for nuclear, 1.15 t/MW for coal and 1.1 t/MW for natural gas2.
Recent precedents demonstrate that offshore wind installations can have even greater copper intensity than eight t/MW. For instance, Germany’s 450 MW Borkum Riffgrund 2 offshore wind farm, commissioned in 2019, utilizes almost 15 tonnes of copper per installed megawatt of capacity – a copper intensity that could be surpassed in future as wind farms are built further from shore.
“What these numbers tell us is the United States’ goal to transition from carbon-intensive energy derived from conventional sources such as coal and natural gas to renewable energy from clean sources such as wind and solar will drive a step change in the country’s copper consumption,” Thiessen said.
“Based on the President’s 30,000 MW offshore wind generation target alone, the United States will have to source an additional 240,000 to 450,000 tonnes of refined copper metal between now and 2030. That represents about one-quarter to one-half of the country’s current annual production.” SNIP
MORE AT LINK:
Boilermaker; About 230 Meters to the structure. (About 750 Feet down.)
See
https://www.researchgate.net/figure/Geology-of-the-Elk-Creek-carbonatite-approximately-230-meters-below-ground-surface_fig3_275582868
(Here is a good map showing the relationship between Elk Creek and the Mid Continent Rift.)
B.M. Thank you for that clarification!
I made a comment was about employees working for another company. I was thinking about peripatetic board directors who serve on multiple board, not employees assigned to work for another company.
Chico237, You are the man! Excellent information, great analysis!
Thank you for posting!
Jeunke;
Jeunke; I agree that sometimes companies with similar goals will place their employees in another company's Directorship to help shape or provide input on their common goals. But I do not think that is what is happening here.
Regarding Ms. Fenga
https://www.niocorp.com/niocorp-names-fernanda-fenga-to-its-board-of-directors/
"Ms. Fenga worked for more than nine years at CBMM, where she served as Corporate Superintendent. In that position, she managed the company’s legal, compliance, investor relations, public affairs, and corporate risk management departments. She also played an integral role in some of CBMM’s largest commercial transactions, two of which were valued at more than U.S.$1.9 billion each."
Since Ms. Fenga no longer works for CBMM I do not think that her position at NioCorp involves any CBMM requirement. She was involved in Billion dollar + transactions which brings some weight to her credibility with potential NioCorp financial partners/Investors and signals that NioCorp is serious about their mine development and expected alloy metal commodity sales.
Besides her listed corporate skills in accounting and international law, it would appear that it is NioCorp that is interested in her previous association with CBMM (provided she left on good terms) and in developing outlets for their niobium commodity (to the extent it is not already pledged to Traxys) and in her international legal and accounting experience.
Information regarding CBMM;
https://cbmm.com/en/our-company/about-cbmm
"Are we a Brazilian company?
Yes, we are. It’s been working in Brazil to the world that we established ourselves in the international market. We are a privately held company with Brazilian ownership control. Our profit is realized and consolidated in Brazil, and all of our technology is generated in Brazil and the majority of our collaborators is allocated here as well."
"Do we sell ore?
No, we don’t sell pyrochlore (the ore which is the base for the production of niobium). We only sell processed, industrialized products. The production process of our niobium products has metallurgical and chemical characteristics, and involves more than 15 processing and industrialization stages."
That said, BMMB and NioCorp could both benefit from her position on the board and lets hope they do!
(We all hope that a financing agreement is announced soon!)
**Do not invest based on my statements. Readers should always do their own Due Diligence regarding any analysis I might offer.
P.M.; OTC this AM. Price was US $1.07 when I looked; Here was was the US OTC info when I placed a 100 share sell @ $1.12 order. (Just to have it hanging out there.)
Bid $1.06 x 2000
Ask $1.07 x 4000
AS OF 05/14/2021 09:39 AM ET
The market would need to match out all the lower Asks before any Possible execution so I do not expect much to happen here. Absent news I would not be surprised to see it still hanging around at 2:55. (Its Friday. Just spitting into the wind.)
Monocle; News regarding Elysee Development share buyback about which you may already be aware. (ASXSF,ASX)
(May 11, 2021)
Share buyback.
Last year Elysee exercised warrants it held for Niocorp.
Exercise NioCorp Warrants
"Vancouver B.C. September 29, 2020 - Elysee Development Corp. (TSX.V: ELC) is pleased to provide the following update with respect to its recent investments. (snip)...
"In addition, Elysee exercised a significant number of share purchase warrants since July 1, 2020. This included warrants of Aftermath Silver Ltd, Southern Silver Exploration Corp, Niocorp Developments Ltd., Allianza Minerals Ltd., Brixton Metals Corp. and Kodiak Copper Corp."
I wonder if they participated in the most recent private placement.
Monocle,all
May 5, 2021
View PDF
" Elysee Development Corp. (TSXV: ELC) (the “Company”) announces today its intention to make a normal course issuer bid (the “Bid”) to purchase for cancellation, from time to time, as it considers advisable, up to 1,390,843 of its issued and outstanding common shares, being approximately 4.99% of the Company’s currently outstanding common shares and approximately 6.67% of the Company’s Public Float (as that term is defined in the policies of the TSX Venture Exchange (the “Exchange”). The Exchange has approved the commencement of the Bid. The Bid will commence on May 10, 2021 and will terminate on May 10, 2022, or such earlier time as the Bid is completed or at the option of the Company. The Bid replaces the Company’s current normal course issuer bid which expires on May 8, 2021. Research Capital Corporation of Vancouver, British Columbia will conduct the Bid on behalf of the Company.
The Bid will be conducted in accordance with applicable securities laws and the policies of the Exchange. Purchases will be made on the open market through the facilities of the Exchange. The price which the Company will pay for any shares purchased by it will be the prevailing market price of such common shares on the Exchange at the time of such purchase. The purchase of the common shares under the Bid is being funded from existing working capital. The Company purchased 23,000 of its common shares pursuant to a normal course issuer bid during the previous 12 months. The weighted average price paid per common share was $0.41. In accordance with Exchange policies, the Company will include a summary of the Bid in the management information circular to be mailed to shareholders of the Company in respect of its next meeting of shareholders.
Management and the directors of the Company believe that, from time to time the market price of the Company’s common shares does not give full effect to their underlying value and that, accordingly, the purchase of common shares under the Bid will increase the proportionate share interest of, and be advantageous to, all remaining shareholders. Purchases of Bid Shares pursuant to the Bid will also afford an increased degree of liquidity to the Company’s shareholders who would like to trade their shares and will serve to stabilize the market price for the Company’s shares."
Chico; Thanks for finding an posting the video!
At this share price -- < $.16 USD -- I need to pull off the couch cushions and look for any lost change so I can buy some additional shares!
PM. Market open. US $1.07.
(For goodness sake! Whoever is selling 175 shares for $1.07 bid go back and raise your ask and I am pretty sure they will sell by EOD!)
Off to go do things.
Chico, Monocle, BM,PM,All;
From May 11 2021 Quarterly report:
"Our primary business strategy is to advance our Elk Creek Project to commercial production. We are focused on obtaining additional funds to carry out our near-term planned work programs associated with securing the project financing necessary to complete mine development, construction, commissioning, and operation of the Elk Creek Project."
Reduces to: Obtaining additional funds to carryout near term programs associated with securing the financing necessary to complete the ECP.
The Management has the expectation additional demonstration of accomplishment on the project to attract financing. (So, probably a financier or consortium telling them more needs to be done before they will or can finance.)
And from:
"Financial and Operating Results"
There is the boilerplate "Going concern" assessment, and there is also this:
"The Company anticipates that it has sufficient cash, including net proceeds from the April 2021 Private Placement, to continue to fund basic operations for the next twelve months. As additional funds are secured, we will continue advancing the project in the areas of financing, permitting, and detailed engineering. Management is actively pursuing such additional sources of debt and equity financing, and while it has been successful in doing so in the past, there can be no assurance it will be able to do so in the future."
So we can anticipate that NioCorp Development has least 12 months grace on basic operations (admin/salaries/debt service) but at the same time "Pursuing Debt and Equity Financing" to continue project infrastructure and physical development.
(I see no mention of "partners" or Government Funding.)
In a lot of ways this should alleviate a good deal of anxiety short term.
So, speculation--IF there is no imminent grand financing, (Say, 1 year) Will they be able to push the actual ECP along with subsequent P.P.s until there there is enough accomplished on the project to eventually attract the necessary remaining financing? OR, could they actually go all the way to completion with an extended string of P.P.s and Mark Smith loans? (Pretty academic...I don't see this at 6-7 million per P.P.)
While I hope for major financing soon, even if that does not happen They have enough of a record that NioCorp will keep finding some way to keep pushing forward, and a multi billion dollar asset in the ground, sooo, not selling shares anytime soon.
CritM3; Money attracts money.
Mark Smith has demonstrated to potential or previously enlisted financiers that he is able to attract enough money to get this project started and that will cause others to take the project seriously enough to also invest.
Need road construction, surveyors stakes in the ground and trailers on site!
All; Snip... "A total up-sized offering of 4,334,157 Units were issued at a price per Unit of C$1.43, for total gross proceeds to the Company of approximately C$6.2 million.
The pricing of the Units was set at a premium to the five-day Volume Weighted Average Price ("VWAP") of NioCorp common shares just prior to the launch of the offering.
Each Unit consists of one common share of NioCorp (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share at a price of C$1.63 until May 10, 2023."
...SNIP..."All of the securities sold pursuant to the offering are subject to a four-month hold period, which will expire on September 11, 2021."
Oversubscribed is good. The higher warrant strike rice is good.
I think we see the results of the dilution in today's lower price. I also I think they could have chosen a better date for the offering expiration.
P.M; Block Caving youtube; Nifty!
Nordmine's plan is a bit different in the way they will backfill their lateral corridors with used tailings.
NioCorp.com and Sedar have no news or new posts. 7:54AM CST
There were 12 Sedar posts in February, 3 in March and 3 In April. None yet in May.
Edgar shows 2 in February, 3 in March, 5 in April, none in May.
You have a great day!
L.M; Seriously, we all hope for movement this week. Reuters reports:
"(Reuters) - The S&P 500 futures hovered near record highs on Monday as investors awaited economic data this week for more clarity on the pace of economic recovery, while higher commodity prices supported shares of miners, energy and steel companies."
NioCorp sits very nicely in this conjunction of "miners, energy and steel companies"!
My thought regarding received financing; Whatever group or consortium provides financing will likely sign an agreement to provide the total projected financing cost, will probably clear out Mark's and Lind's debt first, and proceed to release a portion of the funds as needed monthly or quarterly to advance operating costs and construction. (Structured to minimize total interest.)
Operating amounts in the corporate account might earn interest from the bank but NioCorp would probably not want, and for all I know, might be restricted by agreement, from using the funds to purchase Bonds.
Why? Bonds fluctuate in value based on the issuer's credit rating and changes to prevailing market interest rates. The bond may be callable, it is potentially subject to default, and has transaction costs in the purchase and sale of the bonds. The result would be that NioCorp could not rely on an amount certain in the bank when they need to cut a check.
So probably not, but they will probably get paid interest on the corporate checking account.
Chico237; Good advice to accumulate shares when you can before the share price moves up later this or next year! With that expectation I added shares yesterday!
Article from November regarding Search Minerals
https://finance.yahoo.com/news/search-minerals-usa-rare-earth-100000523.html
"VANCOUVER, British Columbia, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY) (“Search” or the “Company”) and USA Rare Earth, LLC (“USA Rare Earth”) are pleased to announce that they have entered into a Technical Collaboration Framework Agreement (“Collaboration Agreement”) to govern initial cooperation between USA Rare Earth and Search in a number of important areas of mutual interest.
Search holds patented Direct Extraction Process technology and owns 100% of a Critical Rare Earth Element District in SE Labrador, Canada. USA Rare Earth is establishing an integrated mine-to-magnet strategy independent of China, including funding and developing the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas,.
In January 2020, the U.S. and Canada announced the U.S. – Canada Joint Action Plan on Critical Minerals Collaboration, intended to advance “mutual interest(s) in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication technology, aerospace and defence, and clean technology.” In June 2020, the Canadian and U.S Governments reaffirmed their commitment to strengthening the North American supply chain for critical minerals – essential to both countries’ national security and economic growth.
USA Rare Earth is the development and funding partner of the Round Top Mountain critical minerals and heavy rare earth project in Hudspeth County, West Texas. It also owns sintered rare earth magnet manufacturing equipment previously owned and operated by Hitachi Metals in North Carolina, and earlier this year opened a rare earth and critical minerals facility in Wheat Ridge to commission a pilot plant using Continuous Ion Exchange (CIX) extraction, separation and recovery methods using feedstock from Round Top and other non-Chinese sources. ...snip"
More at link
Chico,Douginil,Wyomingdude,Nebraskan:
Mr. Greg Andrews reports:
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY), is pleased to acknowledge receipt of a grant of $60,138 from the Province of Newfoundland and Labrador towards exploration work completed in 2020 on the Company’s Critical Rare Earth Element (CREE) claims located near the communities of St. Lewis and Port Hope Simpson in Southeastern Labrador.
Greg Andrews, President and CEO of Search Minerals states, “Search is very appreciative of the Junior Exploration Assistance Program (“JEA”) funds granted by the Province of Newfoundland and Labrador Department of Natural Resources. These funds allowed us to hire local personnel and continue to explore and advance the Critical Rare Earth Element District (the “District”) in 2020. The Company controls a belt 63 km long and 2 km wide and there are still 20 showings within this belt to be assessed and maintained.”
The highlights of the 2020 field season
FOX MEADOW: current channel program indicates that the SW mineralized zone is at least 175m wide and the NE mineralized zone is at least 110m wide;
FOX MEADOW: this project requires an expanded 2021 channeling/trenching program to sample the extended length and width indicated in the 2020 exploration program;
AWESOME FOX: the 2020 and previous channel programs indicate that mineralization within the UAV magnetic anomaly is at least 850m long and 5-20m thick;
SILVER FOX: new channels outline a high-grade zirconium-hafnium mineralized zone that is up to 1.2 km long and 1-10m thick. SILVER FOX is located just west of the FOXTROT DEPOSIT;
Andrews added: “We are preparing for our upcoming 2021 drill and exploration program, which will include approximately 7000m of drilling at Deep Fox to commence in June. The drill program is fully funded with our recent $ 2,520,000 flow-through funding completed in April 2021. We will also continue our exploration work at Silver Fox and Fox Meadow, to bring these prospects to “Drill Ready” status.”
KMack, unfortunately at this time I am only working with about $300-$400 uninvested cash here and there is only so much you can do with a 100 share order! (Spitting in the wind!) If I am inside at 3:00 CST I do try see what is happening with the share price and kick it up a bit! Its sometimes possible right at day end if you have an open buy order with a price higher than the current price.
(I am waiting like everyone else with more than a few hundred shares! )
P.M.; Ah well. Did what I could and gave you a US $1.15 opening. Up to the market now.
Putz Mueler, Douginil, Chico237
Here is what Search Minerals (SHCMF) in Canada said about their Mixed rare earths, so unless they have a new agreement it would seem to rule them out. (That and they are not actively mining, at least only a limited amount to allow for processing tests.)
http://searchminerals.ca/assets/20210308_-_SMY_-_Corporate_Presentation_(PDAC)_(FINAL).pdf
"2020 Collaboration agreements with Saskatchewan Research Council and USA Rare Earth, LCC to receive mixed rare earth carbonate from Search Minerals for further separation"
WY Dude; If offering information regarding other stocks in conjunction with a comparison or analysis of the the specific stock for the board, or maybe a quick slide to another stock you know posters would find interesting that's fine.
But, shouldn't use the stock specific board to posting or promote stocks that do not have their own board. Open a board for that stock and post it on that board. (Then its OK to let people know you have opened that board!)
GM, PM; OTC USD Closed at $1.14. (good deal!)
Quote
AS OF 3:59 PM ET 05/03/2021
Last [Tick] $1.14 [+]
Change up $0.055
% Change up 5.069124%
Putz... Keeps heading up?
Chico; An excellent post to bring anyone new to the board the progress NioCorp has made on Scandium/Aluminum alloys and remind long-timers of what they have done to promote one of their primary target minerals!
WY Dude; Get your Vital Metals set Board set up, let us know! We'd be happy to look at it!
Chico, Thanks! While they are working to become fully operational news releases are pretty pretty sparce, and its good to get your analysis! If someone has funds it is a good time to build up share holdings.
WYDUDE... Yr last 4 posts. See TOU Reminders. "You are posting to the Search Minerals Inc. (SHCMF) board. Please keep your post about the stock and company."
Since there does not appear to be a board for AVNLF or VTMFX you may want to consider starting one!
Chico237, All; If interested. More detailed info on the Geology of the Elk Creek Deposit centered on the rock formations. (Rather than REE mineralization.) This indicates a formation of about 30 square km.
https://ui.adsabs.harvard.edu/abs/2015AGUFM.V21B3040K/abstract
"The Elk Creek carbonatite complex (ECCC) is a large Early Cambrian carbonatite-alkaline syenite complex located in SE Nebraska (USA). The carbonatite and related rocks are buried by more than 200 m of Pennsylvanian marine sedimentary rocks and Quaternary till. The pre-Pennsylvanian sub-crop is crudely circular in plan-view and exceeds 30 km2, making it one of the larger carbonatite complexes in North America. The rocks of the complex were intruded in Precambrian granite and gneiss on the eastern margin of the Mid-Continent rift where it has been offset by one of a series of southeasterly trending structures. The primary rock type in the ECCC is dolomite carbonatite. The dolomite carbonatite ranges from fine-grained flow-banded dolomite to a coarse-grained rock comprising large prismatic dolomite crystals. The central portion of the complex comprises a pipe-like intrusion of magnetite dolomite carbonatite and magnetite dolomite carbonatite breccia. Magnetite dolomite carbonatite is typically fine-grained and contains angular or rounded elongate fragments of dolomite carbonatite. Fragments of magnetite dolomite carbonatite are also included in dolomite carbonatite and other carbonatite rocks in the complex. Emplacement of a discreet pulse of reduced, iron-rich carbonatite magma was, therefore, a likely early event in the evolution of the ECCC. (More at link)
Breccia broken rocks and some other rock filled the space between them at a later time.
A "pipe" is a vertical intrusion of volcanic magma.)
GE11,Boilermaker,Nebraskan; While I am certain they were well compensated, shareholders should all be thankful the Beethes and other surrounding landowners were willing to work with NioCorp on this project. Without their cooperation this would be going nowhere.
B.Mkr: Your previous ?
Yep. At the close. 100 shrs at US $1.09..
(Helping myself here! :)