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Whoa look at that volume and increase today.
Rare-Earth Element Prices Rise as Medallion Approaches Key Technical Milestone
BY GlobeNewswire
— 10:17 AM ET 12/10/2020
VANCOUVER, British Columbia, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. ( MLLOF ) – “Medallion” or the “Company”), provides an industry update ahead of reporting the techno-economic assessment results for its proposed US rare-earth element (REE) extraction plant, expected in Q1 2021.
Driven by high growth forecasts for electric vehicles (EVs), wind energy and electronics that require substantial volumes of high strength REE permanent magnets, the price of magnetic REEs have moved rapidly upwards in recent months. The price for neodymium (Nd) and praseodymium (Pr), together called “NdPr”, has risen almost 50% this year to $65/kg after averaging $41/kg for the last decade. As all major automakers have committed to rolling out new EV and hybrid models, Swiss Investment bank UBS recently forecast NdPr pricing to move to $100/kg by 2025.
Medallion’s proposed plant, using its proprietary Medallion Monazite Process, is expected to produce approximately 3,500 tonnes per year of rare-earth products. This would include approximately 800 tonnes per year of the important magnet metals NdPr, the key input to the powerful and lightweight traction motors that propel EVs such as Tesla and Nio Limited.
All modern vehicle designs depend on lightweight motors to provide increased efficiency, achieved in part by incorporation of REE magnets. EVs and hybrid vehicles that demand longer battery range are particularly weight sensitive, and consequently typically utilize 100-150% more REE magnets than internal combustion engine (ICE) vehicles. With most EVs requiring an additional 1 kg of NdPr vs. ICE vehicles, Medallion’s forecast NdPr output could supply magnets for 400,000 EVs per year.
“With current and projected pricing of NdPr we expect the economics from our independent techno-economic assessment to look very positive,” said Mark Saxon, Medallion President & CEO. “We welcome approaches by prospective business partners as we progress towards final design and engineering.”
Rare-earth elements are again attracting interest in the investment community as MP Materials Inc., which owns and operates Mountain Pass, went public November 18, 2020. With over 270 employees, MP Materials is the only operating REE mining and processing site in North America, and today ships a mineral concentrate to Shenghe Resources Holding in China for processing. Currently MP Materials produces approximately 15% of global rare-earth output and plans to use recently secured capital to extend its operations downstream to include extraction, separation, and marketing of separated light REEs.
Such a move could present a non-Chinese marketplace competitor to Lynas Inc., the integrated Australian-Malaysian REE producer. Lynas also has designs on US value-add production and is constructing a heavy rare-earth element separation plant in Plano, Texas, in partnership with privately held Blue Line Corp. The Lynas-Blue Line combination will utilize a heavy REE concentrate imported from Lynas’ Malaysian plant that produces and markets the light REEs cerium, lanthanum and NdPr.
Also vying for a slice of the US marketplace is Texas Mineral Resources Limited, proposing to develop, in partnership with privately-owned US Rare Earth Inc., the Round Top property in Texas, primarily for heavy rare earth elements, lithium and other critical materials.
Medallion’s REE Production Approach
The Company has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global, mineral sand-mining operations.
Monazite is used today as a source of REEs in both China and India, where it is considered an attractive feedstock due to its high REE content (up to 65% REE by weight) and the relatively high abundance of the magnet metals neodymium (Nd) and praseodymium (Pr).
Medallion is working closely with trading and logistics partner Talaxis Ltd along with their permitting and transport networks to ensure commercial volumes of mineral sand monazite are available to meet with Medallion’s execution timeline.
US Strategic Importance
The suitability of the U.S., for the production of REEs, by the Medallion Monazite Process has been heightened recently by the bipartisan introduction of legislation (Reclaiming American Rare Earths (RARE) Act) by Texan Senators Congressman Lance Gooden (R-TX) and Vicente Gonzalez (D-TX), as well as the recent executive order issued by the White House that provides opportunity for U.S. government support of critical mineral/metal production.
The RARE Act aims “…to reduce America’s dependence on China for rare-earth minerals used in technology manufacturing. The RARE Act would establish tax incentives for the domestic production of rare-earth elements and minerals used to build the technology that keeps our country safe and connected.”
In addition, the September 30, 2020 executive order from President Donald Trump declared: “It is the policy of the United States … [to] prioritize the expansion and protection of the domestic supply chain for minerals and the establishment of secure critical-minerals supply chains.” The executive order stated, a “strong America cannot be dependent on imports from adversaries for the critical minerals that are increasingly necessary to maintain our economic and military strength in the 21st century.”
Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. More about Medallion can be found at medallionresources.com.
Contact(s):
Mark Saxon, President & CEO
Donald Lay, Director & Vice President, Corporate Development
+1.604.681.9558 or info@medallionresources.com
Braveheart Resources Provides Update on Hydroelectric Facilities Study for Bull River
Calgary, Alberta--(Newsfile Corp. - December 7, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") announces that following receipt of a positive System Impact Study ("SIS") from British Columbia Hydro and Power Authority ("BCH") in May 2020 (See media release May 15, 2020) it further engaged BCH in August 2020 to complete a Facilities Study ("FS") for upgrading the hydroelectric capacity at the Bull River Mine project ("BRM"). Braveheart is proposing to reconnect to an existing 66kV power line that is immediately adjacent to the property. This power line is the same line that supplied hydroelectric power to the site during previous operations up until 2013.
The SIS determined that it is technically feasible to interconnect the proposed BRM load of 7.5 MVA to the BCH transmission system. The FS is required to further define interconnection requirements and establish a timetable for BCH's ability to meet the Company's proposed service date. BCH is currently on schedule to complete the FS and deliver a draft report by late January 2021. BCH has assigned a connection queue position for Braveheart's facility in June 2021. BCH's estimate for system reinforcements and revenue metering associated with the reconnection is $300,000. The cost estimate has an accuracy range of +100/-35%.
The BRM is currently connected to grid power which is sufficient to continue with care and maintenance activities including dewatering of the underground mining infrastructure. Once the connection to the 66 kV power line is completed, Braveheart will have sufficient grid power to operate the 700 tonne per day conventional crushing and milling circuit and advance underground mining activities. In August 2019, the Company secured a 10 MVA replacement transformer for the surface substation. The Company plans to move the transformer from Manitoba to the mine site in British Columbia in the second quarter of 2021.
The hydroelectric reconnection project is one of four key surface upgrades that are required to make the mill facility operational. In addition to commissioning of the new substation and reconnection to the 66 kV power line, the Company plans to complete in parallel the installation of a flotation circuit and a filtration circuit in the mill and civil works associated with the development of a dry stack tailings storage facility ("TSF").
Ian Berzins, President and CEO commented, "The FS is the final technical study that needs to be completed by BCH. Upon completion of the FS, the Company will have invested $360,000 in the hydroelectric reconnection project in terms of the transformer procurement cost and technical studies, representing approximately 50% of the total cost of the project. Once reconnected to the 66 kV power line, the BRM will be de-risked from the perspective of power supply".
Been experiencing some nice gain here lately. Hope it at least holds and preferably continue the trend.
Thank you. Looks like results of study/testing will be in January. Hopefully 2021 should be a very profitable one of current stock holders. Plan includes Medallion being both operators and partnerships. Its transferable / scalable allows a lot of possibilities. I admit I do not have a good handle on how fast it grows this and thus what kind of time frame and price growth to expect. But I am sure this price will rise very significantly in 2021.
NIA's #1 favorite copper stock suggestion Braveheart Resources (TSXV: BHT) announced late on Thursday that it has entered into an agreement with Nelson Machinery & Equipment Ltd. for the procurement of six refurbished Outotec flotation tank cells, which will be an integral part of BHT's flotation circuit at the Bull River Mine in British Columbia to support the current plant design of 700 tonnes per day of milling operation. The refurbished tank cells are expected to be delivered and installed in Q2 2021. Copper this morning has just hit another new 92-month high of $3.5355 per lb. When the Bull River Mine property was previously operated by Placid Oil, it produced approximately 16 million lbs of copper over a 2 1/2 year period of mining operations. Over $200 million has been spent on the project by its previous operators. BHT's market cap at $0.125 per share is only USD$14.6 million.
Again - Undervalued
Braveheart Resources Procures Flotation Tank Cells for Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - December 3, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") announces that it has entered into an agreement with Nelson Machinery & Equipment Ltd. ("Nelson") for the procurement of six (6) refurbished Outotec flotation tank cells from Nelson's branch facility located near Kamloops, BC, Canada. The cells are an integral part of the flotation circuit which will include rougher, scavenger and cleaner capacity to support the current plant design of 700 tonnes per day milling operation. Refurbishment of the tank cells will commence in Q1 2021 with expected completion, delivery to and installation at the mine site near Cranbrook, British Columbia, in Q2 2021.
The flotation circuit will be used to produce a copper concentrate including gold and silver by-products which will be sold as a final product to a third-party smelter outside of British Columbia. The circuit will be designed and operated to produce a 25% copper concentrate of similar quality to the previous operations of Placid Oil between 1970 and 1974. The new flotation circuit will replace the conventional mechanical cells that were operated by Placid Oil and subsequently removed from the mill due to wear and corrosion.
The Company plans to advance the Bull River Mine project in a phased approach wherein a surface stockpile of mineralized material will provide the initial feedstock to the upgraded mill facility. The Company's decision to continue with upgrades to the surface infrastructure and process mineralized material on surface is not based on a comprehensive feasibility study of mineral reserves that would otherwise demonstrate economic viability. There is risk and uncertainty regarding the economic viability of the surface stockpile in terms of tonnage, grade, recovery and potential oxidation of the material that was placed on the pile approximately 10 years ago. In order to process the surface stockpile, the Company needs to complete capital upgrades on surface including the commissioning of a new substation, installation of a flotation circuit, installation of a filtration circuit and civil works associated with the development of a dry stack or filtered tailings storage facility ("TSF"). Stantec Engineering has been engaged by the Company to provide a detailed design of the TSF. The detailed design is scheduled to be complete in Q4 2020 for submission to British Columbia regulatory authorities.
Ian Berzins, President and CEO commented that, "procurement of refurbished Outotec tank cells provides the Company with the opportunity to reduce the overall cost of the replacement flotation circuit by approximately 40% to new. This streamlines the time line to bring the new circuit into operation. Outotec manufactures reliable and world-class products and through refurbishment the used tanks can be returned to operational readiness."
Thierry Mine Project part of this activity is very important to me for investing at this price. Once it announces the acquisition
BHT's values will be greatly increased.
NIA comments:
Copper hit a new 92-month high at 8:23AMEST this morning of $3.523 per lb. The Global X Copper Miners ETF (COPX) gained 1.05% yesterday to close at a new 18-month high of $27.79 per share and is up another 0.76% to $28 per share in pre-market trading!
When NIA's #1 favorite copper stock suggestion Braveheart Resources (TSXV: BHT) hit its 52-week high of $0.17 per share on August 20th, copper was trading for only $3 per lb and COPX was trading for only $21.71 per share. COPX closed yesterday up 28% from its August 20th closing price, but BHT at its current price of $0.13 per share is still 23.53% below its 52-week high.
Any day now we expect BHT to close on a major acquisition of a second past producing copper mine called the Thierry Mine Project located in Ontario one of the world's strongest mining jurisdictions. BHT will become the 100% owner of the Thierry Mine Project, which is approximately 4,700 hectares in size and contains a NI 43-101 mineral resource.
Although BHT's primary focus is restarting operations at its 100% owned Bull River Mine in British Columbia, BHT is also planning to conduct a Preliminary Economic Assessment (PEA) for the Thierry Mine Project in the first half of 2021.
News - looking like they are closing in on primary location.
significant discovery
Dr. Dave Peck, the Company's Vice-President of Exploration and Business Development stated "We are now seeing the type of palladium grades and thicknesses we have been searching for. The results from EBL20-13 validate our exploration model and represent a significant discovery.
https://www.gridmetalscorp.com/news/grid-metals-makes-significant-palladium-discovery-at-east-bull-lake/
Big day for Grid +24%. No volume for MSMGF but GRDM had huge volume.
Undervalued:
Braveheart Resources (TSXV: BHT) or RIINF on the U.S. OTCQB has a current market cap at $0.12 per share of only US$13.94 million. BHT's 100% owned past producing Bull River Mine in British Columbia has an indicated resource of 2.179 million tonnes grading 1.517% copper for 72.902 million lbs of copper (using a cut-off of 0.6% copper equivalent). The Bull River Mine's indicated resource has copper grades that are 6.9X higher than the indicated copper resource of Copper Mountain Mining (TSX: CMMC)'s producing Copper Mountain Mine, which is also in British Columbia and has indicated copper grades of only 0.22%.
Since March 16th, CMMC has gained by 465.52% vs. BHT only gaining by 26.32% during this same time period.
Between 1976-2010, over $200 million was spent developing BHT's Bull River Mine and getting it to where it is today with major surface infrastructure including a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads. The Bull River Mine also has 22,000 meters of underground workings on seven levels, providing access to much of BHT's indicated resource!
Past production at the Bull River Mine totaled 450,000 tonnes grading 1.8% copper. BHT has 164,000 tonnes of tailings already on surface and ready to process once permitting is in place and upgrades of the existing surface infrastructure are complete!
Copper.
On Monday, copper successfully surpassed its long-term key breakout point of $3.30 per lb. Today, copper exploded to a new 92-month high of $3.52 per lb!
Nice to see some gains here.
Jemini Capital - Initiates coverage with BUY
HIGHLIGHTS
Braveheart Resources Inc. (“company”, “BHT”) is focused on bringing its
100% owned Bull River copper-gold-silver mine in B.C. back into production.
The company is also in the process of acquiring another historic producer
(copper-nickel), named the Thierry mine, in Ontario.
? Thierry is a large CAPEX–high NPV project, while Bull River is a low
CAPEX–high IRR project.
? Bull River can be advanced to production for a CAPEX of just $6.5M. Due to
historic production, there is significant infrastructure in place. The company
is evaluating financing options, and applying for permits to potentially
commence production by mid-2021. Permitting still remains a key risk for
projects in B.C. If successful, we do not believe they will have any challenges
raising capital and advancing the project to production. The project’s highgrade
and low CAPEX offer attractive economics. A resource estimate
completed in 2018 showed 88 million pounds (“Mlbs) copper equivalent
(1.81% grade) in the indicated category.
Although this has taken a beating lately it is on very low volume. Not much interest here for the time being.
Southern Silver Confirms High-grade Mineralization in the South Skarn Target at Cerro Las Minitas with a 6.7 metre intercept averaging 625g/t Ag, 11.8% Pb and 7.5% Zn (1,454g/t AgEq; 30.0% ZnEq)
Southern Silver Exploration Corp. (TSX.V: SSV) (“Southern Silver”) reported today initial assay results from its 10,000 metre 2020-21 core drilling program on the Cerro Las Minitas project, Durango State, Mexico which included intervals of strongly silver-enriched semi-massive to massive sulphide mineralization in drill hole 20CLM-119.
Assay highlights include:
a 9.0m down hole interval (6.7m est. True Thickness) averaging 625g/t Ag, 11.8% Pb and5% Zn (1,454g/t AgEq; 30.0% ZnEq) including a higher grade 2.3m interval (1.7m est. TT) averaging 1,338g/t Ag, 25.9% Pb and 17.6% Zn (3,201g/t AgEq; 66.1% ZnEq) from drill hole 20CLM-119; and
a 6.9m down hole interval (4.0m est. TT) averaging 109g/t Ag, 1.8% Pb and1% Zn (255g/t AgEq; 7.2% ZnEq) including a higher grade 1.2m interval (0.9m est. TT) averaging 412g/t Ag, 7.8% Pb and 9.2% Zn (1,174g/t AgEq; 24.3% ZnEq) from drill hole 20CLM-118.
The two drill holes are the first results in 2020 for the South Skarn target, which extends for over 500 metres of strike on the eastern side of the Cerro and has been tested to depths of over 450 metres. The South Skarn target is approximately 1 kilometre away from the known mineral deposits currently identified on the property. The holes are lateral and up-dip step-outs from previously reported mineralization in hole 13CLM-68 which returned 13.9 metres (8.4m est. TT) of 136g/t Ag, 2.4% Pb and 1.3% Zn (326g/t AgEq; 6.3% ZnEq; see NR-15-13) and establish the continuity of mineralization in the shallower parts of the South Skarn zone. Five holes totaling 2,191 metres have now been completed on the South Skarn target. Several additional holes are planned which will test the target to depths of up to 600 metres below surface.
Rob Macdonald, Vice President Exploration stated: “The mineralization identified in 20CLM-119 is comparable in both grade and thickness to several mineralized intercepts previously identified by Southern Silver at the South Skarn and Bocona targets in drilling between 2011 to 2015 and provides confidence in our targeting as we work to continue expanding the mineral resource base at the Cerro Las Minitas project.”
Approximately 3,700 metres of drilling has been completed of an anticipated 10,000 metres of core drilling for the 2020-21 exploration program. Drilling continues with one drill focused on the South Skarn target and a second drilling currently drilling the Mina La Bocona target. Two drill holes have been completed on the Las Victorias target.
Drilling on the east side of the Cerro will test an approximate 800 metre strike length of the Skarn Front and Mina La Bocona mineralized zones to depths of up to 650 metres as well as a high-grade hanging wall zone in the Mina La Bocona target area. The targeting is designed to increase the current mineral resource estimate by approximately 30%. The CLM Project remains one of the larger undeveloped silver-lead-zinc projects in the world and is both fully financed and fully permitted.
Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP analysis, High silver overlimits (>1500g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. High Pb (>20%) and Zn (>30%) overlimits assayed by titration. AgEq and ZnEq were calculated using average metal prices of: US$17/oz silver, US$1450/oz gold, US$2.8/lbs copper and US$0.95/lbs lead and US$1.20/lbs zinc. AgEq and ZnEq calculations did not account for relative metallurgical recoveries of the metals. Ore-grade composites calculated using a 80g/t AgEq cut-off and <20% internal dilution, except where noted; anomalous intercepts calculated using a 10g/t AgEq cut-off.
Cerro Las Minitas Project
The Cerro Las Minitas project is an advanced exploration stage polymetallic Ag-Pb-Zn-Cu Skarn/CRD project located in southern Durango, Mexico.
The Cerro Las Minitas project as of May 9th, 2019 contains a Mineral Resource Estimate, at a 175g/t AgEq cut-off, of(1)
Indicated – 134Moz AgEq: 5Moz Ag, 40Mlb Cu, 303Mlb Pb and 897Mlb Zn
Inferred – 138Moz AgEq: 45.7Moz Ag, 76Mlb Cu, 253Mlb Pb and 796Mlb Zn
A total of 133 drill holes for 59,000 metres have been completed on the CLM Project with exploration expenditures of approximately US$25.5 million equating to exploration discovery costs of approximately C$0.09 per AgEq ounce to the end of 2019.
No I am not following this. Clueless.
What is the plan? In addition to permitting, the company is in the process of obtaining funds for the initial CAPEX. Upon arranging required funds, management intends to develop the project in three phases, with a goal to commence production in 2021.
Phase 1 - (under six months) -refurbishment of the mill,installation ofa flotation circuit, and construction of a tailings storage facility.
Phase 2 - process 165,000 tonnes of mineralized stockpile material (eight months) at approximately 700 tpd, while undergoing underground development (five months).
Phase 3 – continue with underground production at the rate of 700 tpd for the first 6.5 years of the project; further ramp-up to 1,000tpd is undetermined at this time.
Also - Thierry Mine acquisition
Please note that FRC's C$.32 target
Our fair value estimate of $0.32 per share is solely based on the Bull River mine. We will include Thierry if and when the transaction is completed.
So when Thierry is added BHT will be worth much more. So IF all goes to plan BHT is very undervalued. Risk/reward ??? Your call.
As for me I am all in.
Fundamental Research initiating coverage BHT - C$.32 fair value
November 4, 2020 Braveheart Resources Inc.(TSXV: BHT / OTCQB: RIINF)Advancing a High-Grade Copper Project to Production for Just $6.5M –Initiating Coverage
We are initiating coverage on BHT with a BUY rating, and a fair value estimate of $0.32 per share.
We have identified the following key upcoming catalysts:
•Funding of Bull River’s CAPEX.
•Permitting.
•Closing of the transaction with Cadillac, followed by an updated PEA. Risks
The following risks, though not exhaustive, will cause our estimates to differ from actual results:
?The value of the company is dependent on commodityprices.
?Financing and potential for share dilution.
?Permitting risks.
?Exploration and development risks.
?There is no guarantee that the company will complete the transaction with Cadillac.
?The Thierry mine is a high CAPEX project.
We rate BHTshares a Risk of 5(Highly Speculative).
Copper chart looking good
https://www.lme.com/en-GB/Metals/Non-ferrous/Copper#tabIndex=2
Good interview from Oct. lots of detail
Medallion Commences Techno-Economic Assessment of Proprietary Rare-Earth Element Extraction Process
VANCOUVER, British Columbia, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce the engagement of Simulus Engineers, an independent Australian engineering consultancy firm, to complete a techno-economic assessment of the Medallion Monazite Process. This proprietary process sustainably extracts rare-earth elements (REE) from mineral sand monazite, which is a widely available and REE-rich by-product from mineral sand mining operations within the US and globally.
The techno-economic assessment (TEA) will aggregate results from extensive laboratory test work, process simulation and trade-off studies completed by Medallion over the past 5 years. The TEA will deliver commercial capital and operating cost estimates for an extraction facility that processes 7,000 tonnes per year of monazite feedstock and delivers approximately 2,300 tonnes of cerium-depleted high-value REE products plus additional phosphate co-product. Completion of the TEA is expected in the first quarter of 2021.
The Medallion Monazite Process was developed utilizing “best available technology” (BAT) principles and is consequently a highly optimized and automated design that is transferable in location and scalable in size as REE demand grows. The process reflects the current and future expectations of REE customers in the rapidly growing electric vehicle and wind energy markets by providing the lowest impact, most sustainable and resource efficient primary raw material sourcing available.
The Medallion Monazite Process utilizes by-product materials that presently pass to waste in the mineral sand industry, or to Chinese customers, and therefore additional mining is not required. It produces zero liquid waste, has a very high degree of energy and chemical reuse and regeneration, and will convert greater than 95% of monazite feed to saleable REE and phosphate products.
“Medallion has been building towards this critical step over numerous years and has developed a disruptive and innovative process,” said Mark Saxon President & CEO. “Simulus is an ideal choice for this independent assessment of the Medallion Monazite Process as they delivered our comprehensive chemical process model and have a good breadth of rare-earth element expertise. We look forward to sharing study outcomes as they arise.”
The Company’s recent siting trade-off study as announced October 14, 2020 independently compared U.S. and Canadian locations based on a series of commercial and practical factors impacting performance and profitability of the proposed plant. The U.S. Gulf Coast was highlighted as a very positive operating environment for the first Medallion Monazite Process facility.
In addition, Medallion is presently undertaking an independent assessment of emerging and embedded technologies for REE separation with a view to selecting a permanent partner. Approximately 20 prospective technology providers have been identified within four technology clusters. The highest potential technology cluster has been determined by the assessment team using technology readiness, estimated process cost and sustainability filters. Engagement has begun with prospective REE separation providers within this cluster to assess business opportunities.
Medallion is working closely with trading and logistics partner Talaxis Ltd along with their permitting and transport networks to ensure commercial volumes of mineral sand monazite are available to meet with Medallion’s execution timeline.
Braveheart Closes $1.54 Million Financing
Calgary, Alberta--(Newsfile Corp. - October 30, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce it has closed the second tranche of the previously announced unit financing for $1,015,930, comprised of 13,545,734 units. The initial tranche of $525,000, comprised of 7,000,000 units, was arranged through Palisades Goldcorp Ltd.
In total, the financing consisted of 20,545,734 units priced at $0.075 per unit for proceeds of $1,540,930 (the "Offering"). Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.11 per share for a period of three years.
The Company paid commissions to eligible finders under the Offering totaling $15,001.50 and 200,020 finders warrants, with each finder warrant exercisable into a common share at an exercise price of $0.11 per share for 3 years.
All securities issued under the Offering are subject to a statutory hold period that expires four months and one day from issuance.
The proceeds from the financing will allow the Company to continue with engineering and permitting activities at its 100% owned Bull River Mine project near Cranbrook, British Columbia and accelerate development activities.
The Company further announces that it has terminated the financing facility (previously announced on July 15, 2020) with Alumina Partners (Ontario) Ltd. With the completion of the Offering, the Company no longer has any immediate need to draw further from this equity facility.
About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in favourable and proven Canadian mining jurisdictions. Braveheart's main asset is the Bull River Mine project near Cranbrook, British Columbia which has a current mineral resource containing copper, gold and silver.
Calgary, Alberta--(Newsfile Corp. - October 22, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") hereby announces the granting of 3,600,000 options at a strike price of $0.10 and an expiry date of five years from the date of issue to certain directors, officers, employees and consultants of the Company.
About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in favourable and proven Canadian mining jurisdictions. Braveheart's main asset is the Bull River Mine project near Cranbrook, British Columbia which has a current mineral resource containing copper, gold and silver.
Contact Information
Looking better today. Up about 15% with volume.
Canada Silver Cobalt Works TSX-V tier reclassification
2020-10-20 16:14 ET - Miscellaneous
In accordance with Policy 2.5, the company has met the requirements for a Tier 1 company. Therefore, effective Thursday, Oct. 22, 2020, the company's tier classification will change from Tier 2 to Tier 1.
I did not know what that meant. This defines it
https://venturelawcorp.com/tsx-venture-exchange-mining-exploration/
Listened to the lastest Braveheart presentation at the Virtual Investor Conference.
One bit of info I did not know. They are not expecting to begin production of the $22 Million copper trailings at the Bull River mine until 2021 June/July time frame. Need permits. That is longer than I thought it would be. So until then The Thierry acquisition will add value. That should close some time late Nov or Dec.
With that in mind we will need a lot of patience for this one to begin to see its fair value realized. IMO
Why the pullback on volume?
Once again, the latest NR on Thierry Project acquisition confirm BHR is so undervalued. Thierry will add 2x Braveheart's value IMO.
Getting Thierry for pennies on the dollar. Why is Cadillac Ventures Inc. willing to do that? They see great future value in the 13.5 million Braveheart shares that is part of the deal.
Calgary, Alberta and Toronto, Ontario--(Newsfile Corp. - October 21, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart") and Cadillac Ventures Inc. (TSXV: CDC) (OTC: CADIF) ("Cadillac") are pleased to announce that they have entered into a definitive share purchase agreement (the "Definitive Agreement") with respect to the previously announced (see press release of August 18, 2020) purchase by Braveheart of a 100% interest in the Thierry Mine Project (the "Thierry Project") near Pickle Lake, Ontario from Cadillac.
Under the terms of the agreement, Braveheart will acquire 100% of the shares of Cadillac's wholly-owned subsidiary Cadillac Ventures Holdings Inc., which owns Cadillac's interest in the Thierry Project, for the following consideration: (i) $300,000 in cash; (ii) 13,500,000 common shares of Braveheart; and (iii) a 2% net smelter royalty ("NSR") to be retained by Cadillac of which 1% of the NSR can be purchased by Braveheart for $1,000,000. The acquisition of the Cadillac Ventures Holdings includes approximately $405,000 in cash, which supports closure obligations associated with the property.
The Thierry Project is a past-producing copper and nickel mine located approximately 15 km west of Pickle Lake, Ontario and accessible on a year-round basis by paved and all-weather roads. The property is approximately 4,700 hectares in size and contains a NI 43-101 mineral resource. There is a municipal airport, nearby rail system and provincial power grid within eight km of the mine. The underground infrastructure includes a three-compartment shaft, production decline to 520 metres below surface and lateral developments on three levels. The underground workings are currently flooded.
Cadillac has scheduled a shareholder meeting for November 11, 2020 for the purpose of obtaining the approval of Cadillac shareholders for the sale of the Thierry Project. The transaction is expected to close in November 2020 and is subject to regulatory and third party approvals and customary conditions precedent.
TORONTO, ON / ACCESSWIRE / October 21, 2020 / Grid Metals Corp. (the "Company") (TSXV:GRDM) today provided an update on the continuing exploration program at its 100% owned East Bull Lake ("EBL") palladium property (the "Property") in Ontario. The Company is releasing new drilling results and is commencing additional drilling based on refinements to its exploration methodology. The Property covers approximately 85% of the palladium-bearing EBL Intrusion, located 80 km west of Sudbury, Ontario.
full NR:
https://www.accesswire.com/611452/Grid-Metals-Advances-Exploration-Program-at-East-Bull-Lake
RSD Interview: Medallion Resources (TSX-V: MDL) CEO Mark Saxon - October 15, 2020
Getting closer to a location for their process.
Medallion Resources Now Trading on OTCQB Market
VANCOUVER, British Columbia, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) (“Medallion” or the “Company”) is pleased to announce receipt of approval from OTC Markets to trade on the OTCQB market. This listing will increase the accessibility of the Company to U.S.-based retail and institutional investors and aligns well with Medallion’s focus on production of rare-earth elements (“REE”) within North America. Medallion is trading on the OTCQB Venture Market under the symbol MLLOF and the company profile can be viewed at the OTC Markets site.
“While the TSX Venture Exchange remains Medallion’s primary capital market, our leading position in the REE industry, and the importance of REEs to U.S. industry and defense makes the OTCQB Venture Market a natural fit,” said Mark Saxon Medallion President & CEO. “We are working closely with Amvest Capital Inc. of New York for capital markets support, and recently welcomed Talaxis Ltd., a unit of Global commodity trader Noble Limited, as a shareholder and partner.”
The OTC Venture Market (OTCQB) offers developing Canadian companies the benefits of being publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing. Streamlined market standards enable Canadian companies to provide a strong baseline of transparency to inform and engage U.S. investors. To be eligible, Canadian companies must be current in their SEDAR reporting and undergo an annual verification and management certification process.
Medallion has developed the Medallion Monazite Process, a proprietary method and related business model to achieve low-cost, near-term, REE production utilizing mineral sand monazite. Monazite is a rare-earth phosphate mineral widely available as a by-product from global mineral sand mining operations.
Damn, I hope they are done diluting at this crappy undervalued price.
$.07 cents is too low to do all this dilution IMO.
Braveheart Further Increases Financing Up To $1,500,000
Calgary, Alberta--(Newsfile Corp. - October 19, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce a further increase in the financing initially announced on September 22, 2020, and subsequently increased on October 13, 2020, from $1,050,000 to $1,500,000 due to additional investor demand. The initial financing of $525,000 was arranged through Palisades Goldcorp Ltd.
The financing will consist of up to 20,000,000 units ("Units"), priced at $0.075 per Unit for proceeds of up to $1,500,000 (the "Offering"). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.11 per share for a period of three years from the Offering.
The Company may pay finder's fees from the proceeds of the Offering. The proposed financing and any finder's fees are subject to TSX Venture Exchange approval. All securities will be subject to a statutory hold period that expires four months and one day from issuance.
The proceeds from the financing will allow the Company to continue with engineering and permitting activities at its 100% owned Bull River Mine project near Cranbrook, British Columbia and accelerate development activities.
About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in favourable and proven Canadian mining jurisdictions. Braveheart's main asset is the Bull River Mine project near Cranbrook, British Columbia which has a current mineral resource containing copper, gold and silver.
NIA target $2
NIA's comments:
We love Fiore Gold (TSXV: F) here at $1.56 per share. Within the next few trading days look for Fiore to announce record annual gold production for its fiscal year 2020, which ended on September 30, 2020. Fiore will likely hit new all-time highs of above $1.75 per share as soon as this week. On September 26th, all of Fiore's outstanding $1.70 and $1.77 per share warrants expired so the resistance that Fiore faced in early September where it was unable to close above $1.70 per share will now be gone for good. Fiore has consistently remained our #1 favorite producing gold miner ever since we announced it on November 22, 2018 at $0.23 per share as our #1 favorite overall stock suggestion for 2019. At Fiore's all-time high of $1.75 per share reached on September 10th it was up by 660.87% from our initial suggestion price. Fundamentally at $1.56 per share, Fiore Gold remains by far the #1 most undervalued producing gold miner. Fiore's current market cap is only USD$116.81 million and as of June 30th it had a net cash position of USD$14.265 million. Fiore's enterprise value is only USD$102.55 million. In fiscal 3Q 2020 alone, Fiore generated operating cash flow of USD$10.457 million. If we annualize Fiore's 3Q 2020 operating cash flow by multiplying it by 4 it equals USD$41.828 million. Fiore's enterprise value is only 2.45X its latest quarterly operating cash flow on an annualized basis! We are confident that Fiore will breakout above $2 per share before year-end and believe it could happen a lot sooner than anybody thinks is possible.
NIA's latest comments:
Copper is up by 0.60% today to $3.086 per lb and is getting ready to test its short-term key breakout point of $3.12 per lb. NIA's #1 favorite copper play Braveheart Resources (TSXV: BHT) is beginning to breakout from its most oversold levels in history. It bottomed two weeks ago at $0.065 per share where it had an insanely low 14-day relative strength index (RSI) of 14.84. BHT bounced by 30.77% last week to $0.085 per share and is up another 11.76% today to $0.095 per share. As you may recall we originally suggested BHT on June 29th at $0.055 per share and it rose to a high on August 20th of $0.17 per share for a gain of 209.09% from NIA's suggestion price. It is bullish that BHT did not return to our suggestion price of $0.055 per share and bottomed at a higher low. It also bullish that it is bouncing on low volume compared to the volume that it traded during its initial run from $0.055 up to $0.17.