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Looks great here. L2 ask is thin. Loving this. Glad I accumulated.
I'm calling this shape on the $MOON.v chart "oil lamp and handle". pic.twitter.com/99KPnGcpag
— The Ultramind (@evil_Ultramind) April 14, 2021
Not public yet. Believe interview already done and their internal subscribers get first dibs. That’s how they make money
More exposure. Any link?
Good uptick today. 1000% potential based on seeking alpha article. https://seekingalpha.com/instablog/47568379-crowd-noise-fundamentals/5526840-blue-moon-zinc-road-map
No idea
When gold pours there won’t be short of posters imo. 2-3 months to gold pour.
Some bids and trades here. Looking sharp here churning shares over.
Buy when everyone hates it and sell when everyone loves it. Exciting times for moon here as they continue with drilling soon and looking further into YAva and Heckette Lake!
Buying pressure will wipe out sellers soon enough. Great base building for launch.
Zinc a critical element per Canadian government
#zinc a critical metal per Canadian government
Will zinc take over lithium as the cheaper, safer, next better technology to energy storage? It’s here and is in use. California power grid. https://www.bestmag.co.uk/indnews/redflow-supply-us-microgrid-2mw-zinc-bromine-flow-battery-storage
My only two plays. $baru.v and $moon.v. Both have resources and will be winners.
Great interview! And miwah at end of interview. Leading statement of what’s to come? Loving it!
Great news here! Cash flow Q2. Drilling will blow this out of the water.
Waiting for this to hit $0.26 again!
Great news today! Drilling paid for by cash flow starting Q2 2021! Another victory for the longs!
L2 looks pretty thin here. It may be ready for a move up above 0.075 cdn soon.
$0.12 for a soon to be gold producing stock?
Massive gains to be realized very soon. Company has gotten all the permits, now is reap the rewards and soak in the cashflow soon.
$0.30/share based on resource in the ground from past 43-101. Last two drill holes would have upped those resources to even more. Expecting this to be valued according in due time.
https://stockhouse.com/companies/bullboard?symbol=v.moon&postid=32769924
MOON.v - 771M lbs Zinc + Yava border 300M oz Ag Hackett Lake
Blue Moon Zinc (the corporate name but also the name for it's California project) is an under the radar company with high return to risk ratio. Here are the reasons why.
MOON has two properties:
1) Blue Moon in California, USA, 5hrs drive from Tesla Giga Factory in Nevada. Resource valued at $0.33/share
2) Yava in Nunavut, Canada. Resource next to Hackett Lake. Resource not yet available.
Blue Moon, California
Resource: 772M lbs Zinc, 70M lbs Copper, 46M lbs Lead, 300k oz Gold, 10.4M oz Silver
Resource is about 50% inferred and 50% indicated
Value of Resource: using 1% of current spot market price for inferred and 2% of current spot market price for indicated to value the resource, we come up to a value equivalent to $0.33/share.
Predominantly Zinc, which has traditionally just been an industrial metal. In recent years is being researched for the next generation of less expensive, safer and higher capacity portable battery storage. Companies such as Natenergy, E-Zinc, Zinc8 are in the zinc air battery sector to commercialize the technology in California and New York. State government is setting clean energy goals and is looking at alternative technologies than Ion Lithium for clean energy storage. California is beginning clean air emmissions starting year 2024! And Tesla has even applied for metal battery technology patents!
If Zinc becomes the technology of choice which imo is definitely in the lead vs. other technologies to replace/substitute lithium ion, Blue Moon mine being the only meaningful zinc mine in California, will be a top runner in any offtake contract.
Other factors making Blue Moon project a highly prospective return project:
- America first approach; supply chain risk lowered with local source of resource
- Near term production: with resource already in inferred and indicated category, next step is further drilling for feasibility plan, and then permit to construct
- County is supportive of mining job, not expecting political delays/roadblock
- Zinc air battery tech companies setting up shops in California with regulations mandating cleaner air, dealing out innovation funds for companies to research and commercialize zinc technologies
Yava, Nunavut, Canada
This is the most exciting and not yet spoken/marketed property out of the two
Yava is in the same area and made up of the same silver rich volcanic material as Hackett Lake. So what's Hackett Lake?
Hackett Lake which Sandstorm gold has taken a 2% NSR has confirmed the following resource:
- 6B (billion) lbs zinc
- 770M (million) lbs copper
- 950M (million) lbs lead
- 600K oz gold
- 315M (million) lbs silver
Gold is not the most abundant, but 315M oz silver, 6B lbs zinc and 770M lbs copper! Based on macro economics, silver and copper is expected to rise in price, increasing value of this great resource. "“Hackett River is a silver-rich volcanogenic massive sulphide project and is one of the largest undeveloped projects of its kind. The property is made up of four massive sulphide deposits that occur over a 6.6 km strike distance.”
Back to Yava. Yava shares the same Greenbelt Zone, and there is evidence that it is formed fromthe same volcanic material likely at the same time. Much of the details of this is found: https://bluemoonmining.com/wp-content/uploads/2017/05/YAVA-43-101.pdf. While more drilling needs to be done, a grab sample assayed 4960 grams per ton silver! That's amongst the top grading silver in resource exploration!
What will Yava yield? In my opinion based on 1) it's the same volcanic makeup where Hackett resulted in 300M oz silver, 2) proximity between the two properties, 3) grab sample of 4960 grams per ton, 4) same greenshoe belt, there is validity of high potential at Yava. Google search of the Hackett Lake property will yield much more exciting results when drilled by Sabina, then sold to Glencore.
Blue Moon in California was dormant for past year due to the JV Partner not being active on the property. This is likely resulting in the company taking back the property and operating it on its own with feasibility and then mine permitting. Jemini Captial was brought on recently to help with market awareness and financing to execute and making it a success. Blue Moon in my opinion is on auto pilot as we move towards those goals and market cap increases.
Then there is Yava which no one knows about it yet and is not fully mentioned by the Company. If they were to start drilling on that property and first few holes come up with similar grams per ton as the grab sample, this stock is no longer at $5m market cap. Drilling excitment and the potential of the Hackett Lake resources being similar as Yava will send this to $50-$100m market cap quite quickly. Looking further, could an opportunist buy out and combine Yava and Hackett Lake together?
The resource potential for Blue Moon could make MOON one of the most stellar stocks on the TSXV going into and into 2021.
Keep an eye on MOM.v
FDA response is pending along with developments for revenue stream.
MOM.v is active on the stockhouse board.
One PP purchaser sold their shares and the shares got absorbed fast. Now it's looking to get back up to the twenties in anticipation of various news and corporate updates.
SJL.v graphite company in exploration and starting to sell graphite products through Minmet (acquired) and distribution of Miluo. may see some revenues in the next financial statements three months from now. not many juniors at $0.04 will be revenue producing.
ILC.v hearing there will be stable flow of news now that the deal is done. $450k for ILC in the next couple days. expecting exploration news shortly.
ILC.v PR
Int'l Lithium partner GFL's holders OK raising interest
2014-04-04 09:39 ET - News Release
Mr. Kirill Klip reports
STRATEGIC PARTNER, GANFENG LITHIUM, RECEIVES APPROVAL TO PURCHASE INTEREST IN INTERNATIONAL LITHIUM'S MARIANA BRINE PROJECT, ARGENTINA
International Lithium Corp.'s strategic partner GFL International Co. Ltd. (Ganfeng Lithium) has received shareholder approval for the loan conversion and investment agreement announced by the company on March 19, 2014.
The agreement gives GFL increased ownership in the Mariana lithium brine project in Argentina in exchange for work commitments and the cancellation of approximately $3.3-million (U.S.) in loans plus interest indebted to GFL (see news release dated March 19, 2014). Additionally the agreement gives GFL the sole and exclusive right and option to earn an additional 10-per-cent interest in the Mariana property by paying ILC $450,000 (U.S.) within 15 days of GFL receiving the shareholder approval announced herein.
The resultant ownership of the Mariana project if all conditions are met will be 80 per cent GFL and 20 per cent ILC.
Other noteworthy terms of the agreement include a back-in right granted to ILC to acquire 10 per cent in the project following the completion of a feasibility study and GFL granting ILC loans for up to $2-million to carry ILC's participating interest in the project.
ILC and GFL are now beginning the process of formally defining their joint venture on the Mariana lithium brine project, and reviewing proposed budgets to advance the project quickly and efficiently.
"We are encouraged the shareholders of Ganfeng Lithium trust that the Mariana project is a solid investment decision. International Lithium will benefit from this closer relationship with Ganfeng Lithium as we are not only receiving capital for project advancement but also gaining access to the unique technologies of our strategic partner that can be tailored to the Mariana brine, and reduce our research and capital costs during the exploration, feasibility and production stages of project development. Our immediate goals are to define mineral resources at the Mariana property and investigate the project's economic potential," said Kirill Klip, president, International Lithium.
We seek Safe Harbor.
ILC.v +43% up from 0.035 as mentioned.
SJL.v moving off of 0.04 after $400k in $1m PP is closed. no problem raising money for SJL. lots in the works and should be an exciting later month of March when PP closes.
keeping eye on SJL.v and ILC.v
ILC.v looks like it may break the 0.035 mark and move higher. low float, easy to move.
http://stockcharts.com/h-sc/ui?s=ILC.V&p=D&yr=2&mn=0&dy=0&id=p04665274347
SJL.v had some sellers friday but buyers stepped up to plate. money flow ticked back up with the buyers.
http://stockcharts.com/h-sc/ui?s=SJL.V&p=D&yr=2&mn=0&dy=0&id=p49633176507
VQA.v another graphite play. 26m shares OS, 50% held by insiders. very tight float. another demand will move this fast and hard.
SJL +22%. spoke with IR and there's lots on the go as seen by the PRs. website being updated throughout this week. expecting some more oomph for the stock. market down 300+ points, SJL still maintained 22% to the upside. bid to ask at the close was 4:1 times bid to ask.
thanks for the free shares coming out. tmr trading should be very interesting. lots of activities on the bullboards. and believe the company will continue to advance in putting out PRs in line with its business plan. should be fuel on top of fuel. after this $1m PP, don't think there needs to be more dilution as that's all the acquisitions they need. the acquisition of the $1.4m revenue business will help generate money, along with distribution rights.
this will be the biggest graphite by % move. bet on it.
Saint Jean Carbon Provides Corporate Update
V.SJL | 3 days ago
OAKVILLE, ONTARIO--(Marketwired - Jan. 29, 2014) - Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL) is pleased to provide its shareholders with this corporate update on its recent and planned business development activities. In addition to providing a summary of key events, the Company also hopes this update will demonstrate the connections across its full range of business activities and strategies.
As background, it is worth noting that Saint Jean defines its carbon business according to four basic pillars to success: mine development and mineral processing; product marketing and distribution; revenue generation; and experienced management. These pillars are the common thread that unites the Company as it builds a world class operation that leverages growing opportunities in the carbon and graphite sectors. This need is driven by the unique and wide range of technical, logistical and pricing requirements of graphite customers and products. Meeting these challenges means the Company must be able to demonstrate strong product knowledge and the ability to create value added operations that go beyond simple mining. At Saint Jean this is being accomplished by virtue of a clear understanding of graphite business drivers; defined strategies for moving forward; and an experienced management team. The full effect of these factors is the ability to generate revenue in the near future. This is critically important not only to fund planned projects, but also to reduce reliance on the constant cycle of fundraising that often characterizes junior mining companies. Within this framework the following update summarizes the steps being taken towards each of these goals.
Complete all property acquisitions by March 2014.
Carry out property work programs and prove out graphite quality in Quebec and Sri Lanka projects.
Complete 43-101's for each property.
Sign profitable customer contracts.
Begin generating revenue in 2014.
Property Acquisitions
The initial building blocks of Saint Jean were the Quebec based lump graphite properties that it has assembled over the past year. As noted in previous press releases, the Company has pursued lump graphite because of its suitability in a wide cross section of natural graphite product applications, and because the head grades in lump deposits can offer a framework of low production costs. This in turn gives the Company an opportunity to be cost competitive when working with customers.
The Company's most recent proposed Quebec addition is the Clot lump graphite property (the "Clot Property"). This site, along with its Walker, Wallingford, and St. Jovite properties (the "Canadian Properties"), were all past producers, and are all within operational distance of each other. The historic nature of the properties flattens the learning curve in terms of mine development, and it is hoped that the close proximity will create a critical mass of supply and offer economies of scale once the sites are brought into production. Assuming the lump graphite head grades conform to the high carbon results defined to date, the Company believes the four properties will provide a cost advantage that will permit a single central processing facility that can be located off site. This in turn will lower the overall capital expenditure for the mine development programs. Located within easy access of major population centers such as Ottawa and Montreal the projects will also offer ready access to transportation infrastructure, strong labour pools, and carbon customers.
While the Company can't rule out expanding beyond these sites, management is satisfied that these four properties will represent the extent of its Canadian graphite acquisitions for the foreseeable future. This view is supported by the recent non-binding agreement the Company entered into to acquire multiple lump graphite mineral claims in Sri Lanka (the "Sri Lankan Property"). These past producing properties represent an opportunity to diversify into a cost-effective environment that has been a supplier to world markets for a century or more. Over the course of December and January representatives of the Company, Mr. Sam Kiri and Mr. Rajiv Mediratta began a series of meetings, correspondence and communications with local Sri Lankan officials to identify and discuss all key issues associated with the development efforts. The Company plans to aggressively expand this effort in the months ahead by entering into a binding agreement and completing some of the licensing and ownership transactions by February 28, 2014. Establishing operations in Sri Lanka will require a coordinated effort and Saint Jean management is keen to create a viable set of mine and milling operations within the country and with the cooperation and support of the Sri Lankan government and its local communities.
Property Work Programs
The Company has developed a full range of exploration, trenching, analysis, mapping, and drilling programs that it plans to carry out on its Canadian Properties over the course of 2014 and beyond. These plans are contingent upon a number of factors, one of which is weather permitting. As most Canadians have experienced this year, the winter months have been particularly challenging. That applies as much to mining groundwork as anything else. Accordingly, the Company has moved out work schedules that might normally have been possible in mid-winter to early spring. It is expected that the Walker program in particular will be able to include a drill program once the Company's geologists have been able to map out a grid of suitable targets. The CEO of Saint Jean, Mr. Paul Ogilvie, expressed his eagerness to begin by noting: "Our geological and operational team has been ready to move forward with groundwork for the past three months but of course have been frustrated by the weather and snow. It will be a welcome change to finally put those plans in action as soon as spring arrives".
As noted above, the same focus will apply to the Sri Lankan Property project if ownership of the claims is finalized and compliant with local regulations. Development work will include sampling, analysis, mapping, trenching, and where required drill programs to quantify the structure and extent of the lump resources. In the case of both the Canadian Properties and Sri Lankan properties, the Company will also take all necessary steps to complete informative NI 43-101's to further ensure adequate disclosure on the potential of the sites and the recommended work programs. As with other strategy elements, focusing on both Canadian and Sri Lankan lump graphite properties creates synergies in terms of metallurgical analysis, product knowledge, and customer development.
Customer Contracts and Revenue Generation
In early January 2014 the Company announced that it had entered into a non-binding agreement to acquire the working operations of Minmet Carbon Inc. (the "Minmet Acquisition"). Given the critical importance of product knowledge, graphite marketing and distribution, and customer contacts, the addition of Minmet and its key principal, Mr. Chris Wood, represented a fundamental broadening of Saint Jean's market presence. Not only is Minmet experienced in a wide range of industrial minerals including natural graphite, it also has significant experience and exposure in the synthetic graphite markets. It was therefore welcome and natural that one of Chris's first steps was to introduce Saint Jean to Miluo Xinxiang Carbon Products Co. Ltd. ("Miluo") in Hunan China. Miluo is actively looking for new markets and Saint Jean is equally interested in not only selling its synthetic graphite products, but also of course looks forward to improving its understanding of this market segment and generating revenue along the way. Minmet and Saint Jean have identified a series of potential customer contracts that it believes can be executed in 2014 and are actively moving forward to develop each over the course of the next twelve months.
At the core of all of these efforts is the belief in the future of the graphite and carbon markets. These markets are robust and growing. Over the better part of the past decade the management of Saint Jean, and now Minmet with 20 years of mineral marketing experience, have recognized that all forms of carbon are of course not only the building blocks of life, but also represent a fundamental presence in a myriad of product applications in commercial, industrial and consumer markets. At the same time, the Company is the first to acknowledge that the carbon and graphite sectors require strong capabilities in mining, processing, production, research and marketing.
Accordingly, any opportunity such as joint ventures, mineral processing partnerships or technology sharing to expand those abilities; move projects forward; and increase revenue generation potential, are paths the Company will actively consider. As such, the intended acquisition of the lump graphite properties in Quebec and Sri Lanka, namely the Clot Property and the Sri Lankan Property, market opportunities in natural and synthetic graphite, and continued efforts to generate near-term revenues will all form the basis for building a sound and profitable company. Each of these elements forms the common thread running through Saint Jean and the Company looks forward to providing investors with encouraging and profitable new developments in the months ahead.
About Saint Jean
Saint Jean is a publicly traded junior mining exploration company with a number of mining claims. The Walker graphite property consists of 4 claims covering the past mine and 11 claims covering interesting geological context for more graphite mineralization in the region around the deposit, which is located 40 km north-east of Ottawa. The Saint Jovite graphite property is located 8.5 km south-south-east of the village of Brebeuf in the Laurentian region is approximately 153 km northwest of Montreal. It consists of 4 claims. The Wallingford graphite property is located 10 km north of Buckingham village in the Central Metasedimentary Belt of the Grenville geological Province, some 182 km west of Montreal. It consists of two mining claims. The Mount Copeland molybdenum deposit lies within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32 kilometers northwest of Revelstoke, British Columbia (the "Mount Copeland Property"). The Fort-Eden copper property is comprised of 18 mineral tenures that total 2,828.6 hectares in area. The mineral claims are located 100 km west of Fort St. James, BC (the "Fort Eden Property"). The Red Bird deposit is comprised of three zones of molybdenum concentration referred to as the Main, Southeast and Southwest zones within a property totaling 1,836 ha (4,400 acres) and is located 133 km southwest of Burns Lake and 105 km north of Bella Coola (the "Red Bird Property").
The Company plans to divest (the "Divestitures") each of the Mount Copeland Property, the Fort Eden Property and the Red Bird Property through a sale or joint venture, thus allowing it to focus on building a graphite mining company. Additionally, Saint Jean expects to acquire the Clot Property (the "Clot Acquisition") and the Sri Lankan Property (the "Sri Lankan Acquisition") in furtherance of its new focus. The Clot Acquisition, the Sir Lankan Acquisition and the Minmet Acquisition are collectively referred to as the "Acquisitions".
Saint Jean Carbon Signs Term Sheet for the Acquisition of the Clot Lump Graphite Property
V.SJL | January 9, 2014
OAKVILLE, ONTARIO--(Marketwired - Jan. 9, 2014) - Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL) is pleased to announce that it has entered into a non-binding agreement with a non-arm's length party to acquire the Clot lump graphite property (the "Clot Property"), a former past producing mine. The Company intends to sign a definitive binding agreement with respect to the Clot Property shortly.
The Clot Property is located in southern Québec, 10 kilometres north-west of Mont-Tremblant and approximately 150 km north-west of Montreal. The Clot Property is made up of 5 established claims and 3 claims under request for a total area of more than 297.4 hectares. The claims are located in highly metamorphosed rocks which host a geological contact between a granitic intrusive and marbles and quartzites, two metasedimentary units of the Grenville geological Province. This represents a favorable geological context which is known to host graphite deposits. The Company therefore believes the site has good potential for graphite mineralization similar to historic mining operations that occurred in the area.
The CEO of SJL, Mr. Paul Ogilvie stated: "The Clot property is on crown land and falls within the same geological and regional areas as our Walker, Wallingford and St. Jovite lump graphite properties and we are very pleased to have the opportunity to add these new claims to our inventory of holdings which will complete our lump acquisitions. This region has a long history of graphite mining and we are looking forward to taking all steps necessary to develop our properties into operating mines." A feasibility study has not been completed and there is no certainty the proposed operations will be economically viable.
History on the Clot Property
The new Clot claims surround an area that was known as the Clot Mine. Graphite production was known to have occurred at the Clot Mine between 1907 and 1919. Exploration, production and concentrate assays were undertaken in 1951 (Bourret, 1951) with about 800 tons of material extracted from the mine. Of that tonnage, 350 pounds were hand cleaned and concentrated to obtain a grade of 99.72% carbon. Also 14 tons of lumps contained 94.7% carbon. In addition more than 100 tons of the material at the operating site was estimated to over 35% graphite (Sigeom file GM01868). The remainder of the extracted material was under 20% graphite or unclassified. The deposit is reported to be at least 56m (185 feet) long and more than 3m (10 feet) in width (Bourret, 1952) - A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and Saint Jean is not treating the historical estimate as current mineral resources or mineral reserves.
Mrs. Isabelle Robillard the Company's geologist, P. Geo., Qualified Person approves this release commented: "The Clot property offers a great opportunity to find high grade graphite, in a relatively unexplored area located in the vicinity of the historical Clot Mine. The geological context is highly favorable to find additional lump veins".
Land access to the claims comprising the Clot Property is provided by multiple public secondary all weather roads, from highway 117. Accordingly, future work programs can be completed throughout the year. Local resources are also available at the nearby cities of Labelle, located 3km along good road from the Clot Property. Most of the Clot Property is on public land and water is abundant from lakes and rivers crossing the property in a north-south direction. Power, transportation and housing are available nearby and a local work force could support a mining operation. The nearest railroad station is in Labelle and goes up to the Clot Property on its west claim.
The Clot Property acquisition terms contemplate a payment of $5,000 CDN on signing of the term sheet; an issuance of 3,500,000 shares and a cash payment of $2,500 CDN on closing; a further 1,000,000 shares on the first anniversary of the closing provided certain conditions are met. The Clot Property acquisition is subject to the approval of the TSX Venture Exchange.
About Lump/Vein Graphite
Lump or Vein graphite is considered to be one of the rarest, commercially valuable, and highest quality types of natural graphite. It occurs in veins along intrusive contacts in solid lumps and is currently only actively mined in Sri Lanka. As a result of the carbon content typically found within lump/vein graphite, production costs are normally lower than flake or amorphous graphite recovery. Lump graphite processing techniques can include everything from hand sorting of large concentrated samples to standard crushing, grinding, froth flotation and milling. Lump/vein graphite is suitable for many of the same applications as flake graphite giving it a distinct competitive edge in terms market prices and product applications.
About Saint Jean
Saint Jean is a publicly traded junior mining exploration company with a number of mining claims. The Walker property consists of 4 claims covering the past mine and 11 claims covering interesting geological context for more graphite mineralization in the region around the deposit, which is located 40 km north-east of Ottawa. The Mount Copeland molybdenum deposit lies within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32 kilometers northwest of Revelstoke, British Columbia (the "Mount Copeland Property"). The Fort-Eden copper property is comprised of 18 mineral tenures that total 2,828.6 hectares in area. The mineral claims are located 100 km west of Fort St. James, BC (the "Fort Eden Property"). The Red Bird deposit is comprised of three zones of molybdenum concentration referred to as the Main, Southeast and Southwest zones within a property totaling 1,836 ha (4,400 acres) and is located 133 km southwest of Burns Lake and 105 km north of Bella Coola (the "Red Bird Property"). The Company plans to divest (the "Divestitures") each of the Mount Copeland Property, the Fort Eden Property and the Red Bird Property through a sale or joint venture, thus allowing it to focus on building a graphite mining company. Additionally, Saint Jean expects to acquire the new lump graphite property in Quebec (the "Clot Acquisition") and the previously announced new lump graphite properties in Sri Lanka from Han Tal Graphite (Pvt) Ltd. (the "Han Acquisition" and together with the Wallingford, Jovite and Clot Acquisitions, the "Acquisitions") in furtherance of its new focus.
Saint Jean Carbon Starts 2014 with $1.4 Million Revenue Generating Acquisition
OAKVILLE, ONTARIO--(Marketwired - Jan. 15, 2014) - The following corrects and replaces the release sent for Saint Jean Carbon Inc. sent at 10:00 am ET, Jan 15th 2014. The company's previous stock symbol was associated with this release. The stock symbol now been corrected to the company's current symbol SJL.
Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL) has entered into a non-binding agreement with an arm's length party to acquire Minmet Carbons Inc. ("Minmet"), a private company, a supplier of raw materials to the steel, foundry and mining Industries since 1993. Saint Jean views this as an initial step to becoming a long-term supplier of Industrial Minerals. The company believes that having real revenues and profit will make Saint Jean an attractive junior mining company for investors as it moves forward with graphite production on its global properties. The Company intends to sign a definitive agreement with respect to the Minmet acquisition (the "Minmet Acquisition") shortly.
The CEO of Saint Jean Carbon, Mr. Paul Ogilvie stated: "We are extremely pleased to have the opportunity to bring the Minmet operations and its President, Mr. Chris Wood, together with Saint Jean Carbon. Chris brings a wealth of carbon industry and product knowledge to the table as well as an extremely valuable network of industry supply and customer contacts. Our business goal is to acquire more business in 2014 and with Minmet's historical year over year revenues of about $1.4 million and a sales forecast for of about $2 million for 2014, we would have an excellent head start on that objective. As noted, Mr Wood's 20+ years of experience in the industrial mineral sales is very important to us as we continue to acquire other business, and broaden our mineral offerings".
Mr. Wood also expressed his enthusiasm for the merger of the two companies: "This agreement represents an outstanding opportunity for both companies to leverage their respective strengths and build out new sources of revenue and growth. From my perspective the appeal has been the chance to combine the obvious synergies in terms of skills, access to capital, and infrastructure. I think the benefits of this combined horsepower will become an important factor in further distinguishing Saint Jean in the graphite and minerals markets".
The acquisition of Minmet will provide Saint Jean Carbon with significant access to multiple new global sources of and markets for both natural and synthetic graphite, as well as a wide range of other industrial materials. It also provides the Company with opportunities to generate near-term cashflow and increased exposure to the carbon market supply chain. The Company plans on acquiring a few other carbon businesses this year, with the goal of generating new and profitable raw material sales both directly and through a blend of material processing.
CEO Paul Ogilvie, further stated: "We are very hopeful, with a broadened offering of industrial minerals, as an example; synthetic graphite or lithium, we will be offering our client's more than just graphite as our existing properties come into production. Being able to expand these offerings will allow us to continue developing an increasingly strong relationship with our customers and identify a growing list of opportunities."
Terms
The Minmet acquisition terms contemplate an issuance of 500,000 (issued at $0.05 per share) shares upon signing of the term sheet, an issuance of 2,000,000 (to be issued at market) shares on closing (expected to be 60 days) and an additional 1,000,000 (to be issued at market) shares on the anniversary of the closing provided certain conditions are met. The Minmet Acquisition is subject to the approval of the TSX Venture Exchange. All securities issued shall be subject to a four month and one day hold period pursuant to applicable securities laws.
About Minmet
Minmet Metallurgical Inc. is a private Ontario corporation founded in 1993 by Chris Wood to supply raw materials to the steel industry. The Company was built on Mr. Wood's direct steel mill and supplier experience dating back to1980. The Company later expanded its customer base to include the supply of petcoke to the mining industry. The name was changed to Minmet Carbons Inc. to recognize the Company's focus on anthracite, metallurgical coke, ladle carbons and petcoke. Minmet helps large companies source strategic raw materials. Minmet utilizes its technical knowledge and global expertise to quickly qualify the best quality, price competitive and freight logical sources; once established as a supplier Minmet takes great care in making sure each shipment meets specifications and is shipped on time.
About Saint Jean
Saint Jean is a publicly traded junior mining exploration company with a number of mining claims. The Walker property consists of 4 claims covering the past mine and 11 claims covering interesting geological context for more graphite mineralization in the region around the deposit, which is located 40 km north-east of Ottawa. The Mount Copeland molybdenum deposit lies within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32 kilometers northwest of Revelstoke, British Columbia (the "Mount Copeland Property"). The Fort-Eden copper property is comprised of 18 mineral tenures that total 2,828.6 hectares in area. The mineral claims are located 100 km west of Fort St. James, BC (the "Fort Eden Property"). The Red Bird deposit is comprised of three zones of molybdenum concentration referred to as the Main, Southeast and Southwest zones within a property totaling 1,836 ha (4,400 acres) and is located 133 km southwest of Burns Lake and 105 km north of Bella Coola (the "Red Bird Property"). The Company plans to divest (the "Divestitures") each of the Mount Copeland Property, the Fort Eden Property and the Red Bird Property through a sale or joint venture, thus allowing it to focus on building a graphite mining company. Additionally, Saint Jean expects to acquire the new lump graphite properties in Quebec (the "Clot, Wallingford and St. Jovite Acquisitions"), and the previously announced new lump graphite properties in Sri Lanka from Han Tal Graphite (Pvt) Ltd. (the "Han Acquisition" and together with the Minmet Acquisition and the Clot, Wallingford and St. Jovite and Acquisitions, the "Acquisitions") in furtherance of its new focus.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Saint Jean Carbon Closes Acquisition Wallingford & Saint Jovite Lump Graphite Properties
OAKVILLE, ONTARIO--(Marketwired - Jan. 16, 2014) - Saint Jean Carbon Inc. ("Saint Jean", the "Company" or "We") (TSX VENTURE:SJL) is pleased to announce that it has closed an arm's length transaction to acquire the Wallingford (the "Wallingford Property") and Saint Jovite (the "St. Jovite Property" and together with the Wallingford Property the "New Properties") lump graphite properties ("Transaction").
On closing, the Company issued 1,000,000 shares as partial consideration for the Wallingford Property and 1,000,000 shares as partial consideration for the St. Jovite Property all at a deemed value of $0.06 per share. Additional consideration for the Transaction included a $2,000 payment on the signing of the term sheet for each of the New Properties. A further $5,000 payment is to be made in 2014 for each of the St. Jovite Property and the Wallingford Property. The Company is required to issue an additional 500,000 shares for the Wallingford Property and an additional 500,000 shares for the St. Jovite Property, on the first anniversary date of the Closing, subject to the mining claims associated with each respective property producing graphite with a grade of 30% and a quality of 90% Gc, and an ore quantity of 2,000,000 metric tonnes after the Company has made up to $250,000 in exploration expenditures on each property to verify same. All securities issued will be subject to a hold period of four months and one day pursuant to applicable security laws.
The Wallingford Property is located 10 km north of Buckingham village in the Central Metasedimentary Belt of the Grenville geological Province, some 182 km west of Montréal. It includes the historic Wallingford-Buckingham mine, a feldspar and quartz pegmatite dyke which crosscuts a sillimanite-garnet gneiss. The deposit was discovered by prospection in 1923 and the mine was in operation from 1923 to 1938 (SIGEOM database of MRN).
The St. Jovite Property is located 8.5 km south-south-east of the village of Brebeuf, in the Laurentian region, approximately 153 km northwest of Montreal. It is underlain by metasedimentary rocks of the Grenville Province which had been invaded by the igneous rocks of the Morin series. It includes the Brebeuf-SSE deposit which was mined sporadically from 1954 to 1961. It consists of a vein type deposit with a most important pegmatitic vein measuring 30 m.
About Lump/Vein Graphite
Lump or Vein graphite is considered to be one of the rarest, commercially valuable, and highest quality types of natural graphite. It occurs in veins along intrusive contacts in solid lumps and is only actively mined in Sri Lanka. As a result of the carbon content typically found with lump/vein graphite recovery operations, costs will normally be lower than flake or amorphous graphite recovery. Lump graphite processing techniques can include everything from hand sorting of large concentrated samples to standard crushing, grinding, froth flotation and milling. Lump/vein graphite is suitable for many of the same applications as flake graphite giving it a distinct competitive edge in terms market prices and product applications.
Further Information about the Wallingford Property
The Wallingford Property is located in the Central Metasedimentary Belt of the Grenville geological Province, which comprises north-northeast trending marble and quartzite domains that also include quartzo-feldspathic gneisses and tonalitic intrusions. Several dykes and massive bodies of pegmatite which are the results of local melting are also present. Regional metamorphism is upper amphibolite grade and reached the granulite facies locally.
It is believed that the origin of carbon in the Outaouais graphite deposit is derived from carbonates that went through regional metamorphism. Many of the Outaouais graphite deposits are classified as skarn type deposits which are the product of contact metamorphism and metasomatism associated with the intrusion of granite into carbonate rocks. Pegmatites are often in close spatial relationship with graphitic bodies, as observed elsewhere in the Buckingham area. Pegmatites seem to be largely present over the property and offer a great opportunity to find graphitic mineralization at the contact between pegmatite and marbles. Such contact would represent a favorable context for graphite mineralization of skarn type deposit.
Further Information about the Saint Jovite Property
The property is located some 4.5 km southeast of Brebeuf deposit, a graphitic occurrence located in marble and quartzite. Historical works on the Brebeuf deposit mention a graphite content of 33.82% from a graphitic band within the marble and a flaky and lump type mineralisation (SIGEOM database of MRN). . This deposit is found at the contact zone between the Grenville and a granitic intrusive mass, where a wide zone of alteration was developed with secondary minerals derived from the sediments, such as wollastonite, scapolite and diopside. Outcrops of pegmatites, syenogranites and leucogabbros were noted on a preliminary site visit on the Saint Jovite Property. The presence of granitic and pegmatitic rock units warrant further investigation to find marbles or graphite-mineralised skarns.
About Saint Jean
Saint Jean is a publicly traded junior mining exploration company with a number of mining claims. The Walker property consists of 4 claims covering the past mine and 11 claims covering interesting geological context for more graphite mineralization in the region around the deposit, which is located 40 km north-east of Ottawa. The Wallingford Property, located 10 km north of Buckingham village. The Mount Copeland molybdenum deposit lies within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32 kilometers northwest of Revelstoke, British Columbia (the "Mount Copeland Property"). The Fort-Eden copper property is comprised of 18 mineral tenures that total 2,828.6 hectares in area. The mineral claims are located 100 km west of Fort St. James, BC (the "Fort Eden Property"). The Red Bird deposit is comprised of three zones of molybdenum concentration referred to as the Main, Southeast and Southwest zones within a property totaling 1,836 ha (4,400 acres) and is located 133 km southwest of Burns Lake and 105 km north of Bella Coola (the "Red Bird Property"). The Company plans to divest (the "Divestitures") each of the Mount Copeland Property, the Fort Eden Property and the Red Bird Property through a sale or joint venture, thus allowing it to focus on building a graphite mining company. Additionally, Saint Jean expects to acquire the new lump graphite property in Quebec (the "Clot Acquisition") and the previously announced new lump graphite properties in Sri Lanka from Han Tal Graphite (Pvt) Ltd. (the "Han Acquisition" and together with the Wallingford, Jovite and Clot Acquisitions, the "Acquisitions") in furtherance of its new focus.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Saint Jean Carbon Enters into an Exclusive North American Agreement to Market and Sell Synthetic Graphite
OAKVILLE, ONTARIO--(Marketwired - Jan. 22, 2014) - Saint Jean Carbon ("Saint Jean" or the "Company") (TSX VENTURE:SJL) is pleased to announce that it has entered into an Exclusive Distribution Agreement with an arms-length party Miluo Xinxiang Carbon Products Co. Ltd. ("Miluo") of Miluo, Hunan China to market, distribute and sell a range of synthetic graphite products in the territory of Canada, the United States and Mexico. The Miluo agreement represents the first successful efforts of Minmet Carbons and Saint Jean.
Miluo has been an established synthetic graphite producer since 2004 and manufactures products using proprietary and patented graphitizing processes from a 215,000 square metre (2.3 million sq. ft.) state-of-the-art facility. The Company employs 260 people and produces a range of high purity synthetic products (ie. typically 95-99.9%C) for use in traditional industrial sectors such as steel manufacturing, smelting and foundries. Its products are also used in high tech sectors such as lithium-ion batteries, aerospace and the nuclear energy industry. The Company maintains an extensive research and development operation and markets to customers in Asia, Europe, and the Americas.
Paul Ogilvie CEO, Saint Jean Carbon stated: "We are pleased with the results of this new development. Our experience in the North American steel and foundry sectors has provided us with numerous requests for new and affordable supplies of synthetic graphite. Miluo represents an ideal source for these products. It is established, cost-effective, and actively seeking new customers and markets. As a result we think this agreement will create multiple synergies and opportunities to generate new revenues for both Saint Jean and Miluo."
Miluo prepares a primary synthetic graphite product through the graphitization of petroleum coke. This is combined with a coal-tar pitch binder and heated to temperatures of 2,600 - 3,000°C which transforms the mixture into crystalline graphite. In this process the materials can be extruded into multiple shapes or moulds for various industry applications. The synthetic graphite sector also includes companies that manufacture secondary synthetic graphite from materials recovered in the machining operations of graphite "electrodes". These electrodes are typically manufactured for use in steelmaking and provide significant scrap which is recycled into synthetic. Secondary synthetic graphite has lower crystallinity and lower purity than the primary synthetic product.
Miluo's graphite ranges in purity of 99.54%Cg to a low of 99.16%Cg. This is ideal for most of the synthetic graphite applications. The Company believes the material quality will compete well and is hopeful that customer sampling programs it expects to start this month will bring in steady new orders with in the first quarter of 2014.
Paul Ogilvie further commented: "As we continue to build our revenue base for 2014 we believe synthetic graphite sales can make up a measurable part of our financial goals. While natural and synthetic graphite each have distinctive applications, there is also considerable customer overlap that will permit us to leverage our sales experience into both market segments. Accordingly, we are looking forward to working closely with Miluo as we pursue new customers that ultimately we will be selling both synthetic and natural graphite to in the future."
The agreement has been established for an initial term of five years with an option for two additional ten year periods. Under the agreement Saint Jean will sell a minimum of 1,800 metric tonnes during the first year, 5,000 tonnes the second year, and follow through with 10% increases in tonnage for each of the remaining years of the initial term.
About Miluo
Miluo Xinxiang Carbon Products Company Limited was established in 1998. It is one of the branch companies of Zhen Xiang Carbon Group. The total assets for Zhenxiang Carbon Group is more than seventy million Yuan ($12 million CDN) and the registration capital for Xinxiang Company is more than fifty million eight hundred thousand Yuan ($9.2 million CDN). Miluo's factory is located in Miluo city and has already passed ISO9001 in 2008 and received credit grade AAA certification in 2006. Miluo has also received a Certification of New Hi-tech Enterprises.
The Company's factory is licensed to do both import and export business. They supply all kinds of graphite products including carbon raisers, Graphitized petroleum coke, graphite electrodes, graphite powders, graphite blocks, machined hollow heating rods, gasifier components, heating element components, muffle tube, half round boats, large crucibles and shaped graphite products. Their core product is a high carbon, low sulphur and low nitrogen carbon raiser (a product made from calcined petroleum coke). The purity of fixed carbon is above 99.5%. The sulphur content can be under 0.02%. The content of Nitrogen is 100PPM max. Any sizes are available from 0-30mm. The Company's supply capacity is more than 30,000 tons per year. At present they export to India, Israel, Korea, South Africa, and North America. (http://www.hnxxts.com)
About Saint Jean Carbon
Saint Jean Carbon is a publicly traded junior mining exploration company with a number of mining claims. The Walker graphite property consists of 4 claims covering the past mine and 11 claims covering interesting geological context for more graphite mineralization in the region around the deposit, which is located 40 km north-east of Ottawa. The Saint Jovite graphite property is located 8.5 km south-south-east of the village of Brebeuf in the Laurentian region is approximately 153 km northwest of Montreal. It consists of 4 claims. The Wallingford graphite property is located 10 km north of Buckingham village in the Central Metasedimentary Belt of the Grenville geological Province, some 182 km west of Montreal. It consists of two mining claims. The Mount Copeland molybdenum deposit lies within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32 kilometers northwest of Revelstoke, British Columbia (the "Mount Copeland Property"). The Fort-Eden copper property is comprised of 18 mineral tenures that total 2,828.6 hectares in area. The mineral claims are located 100 km west of Fort St. James, BC (the "Fort Eden Property").
The Red Bird deposit is comprised of three zones of molybdenum concentration referred to as the Main, Southeast and Southwest zones within a property totaling 1,836 ha (4,400 acres) and is located 133 km southwest of Burns Lake and 105 km north of Bella Coola (the "Red Bird Property"). The Company plans to divest (the "Divestitures") each of the Mount Copeland Property, the Fort Eden Property and the Red Bird Property through a sale or joint venture, thus allowing it to focus on building a graphite mining company. Additionally, Saint Jean Carbon expects to acquire the new lump graphite property in Quebec (the "Clot Acquisition") and the previously announced new lump graphite properties in Sri Lanka from Han Tal Graphite (Pvt) Ltd. (the "Han Acquisition" and Clot Acquisitions, the "Acquisitions") in furtherance of its new focus.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
time to get excited about TORVF or SJL.v again. lots of news in becoming a revenue generating vertically integrated graphite play. this board needs some updating on info about the new Saint Jean Carbon: http://www.saintjeancarbon.com/
well done HSB on DBV. what's the next play for 6 baggers?
better than my BKR which was 4 bagger when i sold it.
SJL.v is next graphite to move. A flurry of news for this junior graphite which is growing up fast. Currently 0.045, this will be a big % gainer when it starts moving.
- $1.4m revenue generating business into the organization
- partnership and distribution with a chinese graphite company
- proposing $1m financing for exploration of Quebec and Sri Lanka graphite claims
- Walker claims produced initial results of 99.1% purity
- lots of insider buying on the market and in previous financing, pricing from 0.03 up to 0.10
Looks like haven't been on here for some time, 54 new messages. Good to be back in it.
Graphites hot again. Keep an eye LLG and BKR.
deja vu of friday:
BKR +233%
LLG +46%
CVN +42%
CCB +20%
EGZ +7%
ZEN +3%
VQA, FMS, CIN, BKT did not participate in the momentum today.
LLG has taken over as the big brother in graphite. BKR is getting the piggyback trade. With 55% insiders on the 37m OS, and at 0.05 closing today, the % gain on this is much larger. Should see a continued run tmr for BKR, especially at the open. 6m volume today has churned over the stock volume in the 0.01-0.02 levels. congrats to all who purchased BKR. Hang on and ride the profits!
One investor purchases $178k on CCB.v
nice vote of confidence. and first time CCB includes in PR Miller as hydrothermal/vein graphite. no denying about it now.
CANADA CARBON CLOSES FLOW-THROUGH FINANCING
Canada Carbon Inc. has closed a non-brokered private placement which raised gross proceeds of $178,560. Specifically, the company issued 1,116,000 flow-through units to one placee at a price of 16 cents per unit. Each unit comprises one common share in the capital stock of the company, to be issued as a flow-through share, and one-half of one non-flow-through common share purchase warrant, with each whole warrant being exercisable for the purchase of an additional non-flow-through common share, at a price of 25 cents per share, for an 18-month period.
The company issued 89,280 compensation warrants and paid $10,713.60 in finders' fees in connection with the private placement. The compensation warrants are exercisable at a price of 16 cents into one non-flow-through common share for an 18-month period. In accordance with applicable securities legislation, all securities issued in the private placement are subject to a statutory hold period of four months and one day.
The proceeds from the private placement will be used to advance the exploration of the company's key 100-per-cent-owned Miller hydrothermal lump/vein graphite property.