Christmas-Wallpaper-Download.jpg MERRY CHRISTMAS AND HAPPY NEW YEARS I first wish to thank all of you who took time to participate in this year's Annual Meeting of Atacama Resources International Inc.
From all the feedback received to date I feel that I can call it a success.
The Board wanted to reach out and include as many shareholders as possible and therefore decided to hold it via webinar.
Special thanks goes out to the Company's Director of Corporate Communications, Mr. Allan Flasch for his technical abilities making it possible for investors to participate from Nome Alaska to the Florida Keys.
All the Board members made presentations as to Atacama's activities over the past year and commented on the Company's future plans.
$ACRL/CEO RAMBLINGS-JANUARY 24, 2019-CLEARING THE AIR/ My CEO Ramblings are intended to enlighten our interested shareholders and other friends of the company about Atacama Resources and the progress the company is making in the global mining business.
Our focus is on gold, cobalt and graphite and the company could not be in a better place to capitalize on these strategic materials going forward.
However, today’s Ramblings is released to clear the air regarding the company’s position on a variety of topics.
The investor boards have been very active recently with both negative and positive news.
The comments on the boards are completely unsubstantiated and the company needs to set the record straight.
Atacama Resources is not selling ACRL shares on the market.
Atacama Resources has not signed a convertible debt instrument in over a year.
Any recent conversions from debt to shares have been mandated by conversion rights set up over a year ago. The company had hoped to pay off the debt but funds were not available and the debt holders exercised their right to convert.
Atacama Resources is not going to increase or decrease the company’s Authorized Shares.
Atacama Resources is not signing any new convertible debt notes.
Finally, Atacama Resources is on track to file the company’s 2017 annual financial report with OTC Markets in a matter of days.
The company’s outside accountant will then immediately work on the 2018 quarterly financials and those will be filed as soon as possible.
The 2018 year end financials are not due until late march 2019 and Atacama Resources will be considered current after the 2018 quarterlies are filed.
Keep in mind that our SEC attorney will review both the financials and associated notes to provide the necessary legal opinion that is part of the filing process.
I hope that I have made the company’s position clear.
Obviously, the company has nothing to do with the investor boards but we have an obligation to refute incorrect statements, whether intentional or not, to protect the reputation of the company.
Malicious statements are sometimes noted and these statements cannot go unchallenged.
Until next time, this is Glenn Grant, CEO Atacama Resources.
GOLD AND COMMODITIES SET TO SOAR IN 2019 The DAVOS meetings in Switzerland this week are good news for Atacama.
Let me explain why.
Every year at this time the world's movers and shakers meet to attempt to determine what the upcoming years economy will be.
Last year was totally optemistic. All looked good.
This year things really quite different.
The mood is one of pessimism.
The President of China is not attending as his economy is in the worst slumber for the past 20 years.
President Trump is not there as his Government is partially closed down and not functioning.
President Macron of France is dealing with violence and protests on the streets of Paris, The PM of the UK is dealing with Brexit. The President of India is in a political fight for his life. Climate change, income inequality, tech change, globalization, high debt levels, populism, etc all pose a threat to the world order.
These are unstable times unquestionably.
Investors are looking to a safe haven to put their money.
Many think GOLD is the answer.
The World Gold Council, as well as Goldman Sacks, are totally bullish on gold.
They predict that gold should reach at least a value of $1425/ oz later this year.
All this is to explain why Atacama is focusing on developing it's major gold properties this spring. For further clarification, check the article I have attached. I am Glenn Grant, CEO of http://www.acrlintl.Com.
An update to the Periodic Table of Commodity Returns. Goldman Sachs issues an overweight recommendation for gold and commodities.
Paradigm Capital says royalty companies are the “best bet” in metals and mining.
Our ever-popular Periodic Table of Commodity Returns has been updated for 2018 and is now available on the U.S. Global Investors website! I invite you to get lost using the interactive feature, which easily allows you to highlight a certain commodity, the top performer, the most volatile and more.
Explore the new periodic table of commodity returns 2018
Palladium was the best performing commodity for the second year in a row, returning 18.59 percent in 2018 after ending the previous year up a phenomenal 56.25 percent.
As we’ve noted before in the Investor Alert and elsewhere, palladium and gold prices are now near parity, with a razor-thin spread of only around $2 separating the two at the moment.
Late last year, the white metal actually overtook the yellow metal for the first time since 2001 on increased demand from automobile manufacturers.
*****More than 80 percent of world supply is used in the production of catalytic converters.*****
Not to be outdone, gold ended 2018 on a high note, beating global equities and commodities for the fourth quarter.
And as I mentioned last week, it was the sixth most liquid asset class, with daily trading volumes nearly identical to that of S&P 500 companies.
Goldman bullish on gold, forecasts $1,425 With a majority of investors now betting that the current rate
hike cycle has peaked, the U.S. dollar looks to be in retreat, having lost about 1.7 percent over the past month.
Mike McGlone, commodity strategist at Bloomberg Intelligence, writes that he believes the “2019 dollar downtrend has legs.”
This is constructive for metals and commodities in general, gold specifically.
Today, in fact, the yellow metal achieved a “golden cross,” whereby the 50-day moving average crosses above the 200-day moving average—a very bullish sign.
Among those that are most bullish on the precious metal is Goldman Sachs.
In a report this week, the investment bank maintained its overweight recommendation and raised its 12-month price forecast up from $1,350 an ounce to $1,425, a level last seen in August 2013.
Goldman analysts contend that the gold price “will be supported primarily by growing demand for defensive assets, with a slower pace of Fed rate hikes in 2019 boosting demand only marginally.”
The World Gold Council (WGC) made a similar case in its 2019 outlook this week, predicting that global investors will “continue to favor gold as an effective diversifier and hedge against systemic risk.”
The rise in protectionist policies around the world is chief among the risks since they tend to lead to higher inflation and slower economic growth over the long term, according to the WGC.
I believe the current government shutdown, over funding for a wall along the southern border, is evidence of the risks protectionist policies pose.
Soon to be the longest in U.S. history, the shutdown could start to take a toll on the economy the longer it lasts, according to Federal Reserve Chair Jerome Powell, and perhaps even cost the U.S. its triple-A credit rating.
Commodities could also be a buy right now Goldman Sachs isn’t just bullish on gold.
Commodities also look like a strong buy, the bank’s analysts say, after prices were slashed late last year. Before the fourth quarter, commodities were following the “late-cycle playbook.” Up 16 percent, they were the best performing asset class of 2018.
But with the Fed now “on hold” and there being “low risk” of a recession, Goldman says it can now argue “with confidence” that the sell-off last year was a “mid-cycle pause.”
This is actually good news for commodities, as mid-cycle pauses have historically been a buying opportunity.
Look at the chart below.
It shows that, with few exceptions, commodity prices rallied in the days and weeks following a “pause” signal from the Federal Open Market Committee (FOMC).
And as you might already know, Powell recently commented that the Fed “can afford to be patient” and “flexible” when it comes to additional rate hikes.
Goldman maintains an overweight recommendation for commodities, with a 12-month forecast of 9.5 percent.
Gold royalty companies are the “best bet,” says Paradigm Capital It’s no secret that I’m a fan of royalty and streaming companies.
(You can read my posts featuring Franco-Nevada and Wheaton Precious Metals.) I’ve long admired these companies for generating profits and creating value, even when the metals market is flat or weak.
This week, Paradigm Capital reaffirmed my conviction in the royalty model.
The Canadian investment dealer shared its research into the long-term performance of the various tiers in gold mining, from juniors to seniors, from explorers to developers.
The royalty companies—which include not just Franco and Wheaton but also
Royal Gold, Sandstorm and Osisko Royalties—are the “best bet” when seeking to “make money in gold equities,” according to Paradigm’s senior analyst, Don MacLean. He adds: “Royalty companies have the best business model in the sector, by far.”
Below, you can see that royalty companies have outperformed all other tiers, including gold itself.
They collectively delivered 16 percent in compound annual growth from 2004 to 2018.
Put another way, they returned a massive 884 percent in cumulative change, compared to gold at 300 percent.
Many junior and senior producers have struggled over the same time period, but Paradigm writes that gold equities are like “coiled springs” and should outperform the precious metal if a “meaningful” gold rally of 10 percent or more occurs.
Right now large-cap seniors are leading the rally, having increased 24 percent over the past three months, followed by intermediates (up 18 percent) and royalty companies (up 15 percent).
This is in line with past gold equity rallies,
Paradigm says, as the largest producers have historically performed best at the start.
My focus lately has been on how the idea of “peak gold” might drive the need for mergers and acquisitions (M&As) within the metals and mining industry.
It’s been almost a decade since the last round of deals, and because there’s a sore lack of big discoveries right now to replenish reserves,
I feel as if we’re due for more M&A activity this year.
The Barrick Gold-Randgold merger, announced last September, might have been just the start of a new wave of consolidation.
Click here for a link to the original article.
By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors
The Research Branch of Atacama works especially hard to keep Board members informed of the very latest developments and changes associated with the Company’s mining exploration and development work..
As I have outlined in earlier Ramblings the end users of cobalt are very concerned that 60% of cobalt production is currently done in the Democratic Republic of Congo which is well known for its extensive corruption and violence.
Miners in the know predict that within five years the DRC will be producing 75% of the world's cobalt if new cobalt mines fail to be brought on stream.
Cobalt users world wide are becoming desperate for new cobalt mines in places like Canada.
This offers Companies like Atacama a wonderful opportunity to proceed full bore to develop their cobalt properties. For more along these lines check out the attached article. I am Glenn Grant, CEO of http://www.acrlintl.com
Battery makers descend on Australia, Canada cobalt developers MON, MAR 19, 2018 - 1:35 PM
[VANCOUVER] Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up.
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ELECTRIC CAR [-chart]static1.squarespace.com/static/58b5961486e6c0717e9be46f/t/5c0865dc4d7a9c203fae84cb/1544054250249/Volkswagen.jpg?format=1000w[/chart]
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ELECTRIC CAR [-chart]static1.squarespace.com/static/58b5961486e6c0717e9be46f/t/5c0865dc4d7a9c203fae84cb/1544054250249/Volkswagen.jpg?format=1000w[/chart]
Mine developers say interest from Japanese and Korean firms is particularly strong as they compete with rivals from China, which has built deep supply chain ties with the Democratic Republic of Congo, the world's top producer.
The central African country accounts for nearly two-thirds of global cobalt output and production is set to rise despite concerns over the use of child miners and rising royalties.
"We are starting to see the first signs of an arms race to secure long term cobalt supplies," said Joe Kaderavek, chief executive of Australia's Cobalt Blue.
"With over 85 per cent of new global cobalt supply over the next decade coming from Africa, in a region where the Chinese have entrenched relationships,
the Korean and Japanese cobalt processing industries are very focussed upon Australian and Canadian projects.
" South Korean battery maker SK Innovation Co Ltd locked in a seven-year supply deal with Australian Mines last month, helping to win funding for a project that has yet to make a final investment decision and does not expect to produce any cobalt until at least 2020.
At least half a dozen Australian and Canadian mine developers are currently in talks on potential supply deals with battery and automakers for production at some point beyond late 2019-2021, company executives told Reuters.
These include Australia's Aeon Metals, Northern Cobalt and Cobalt Blue, and Canada's Ecobalt and Fortune Minerals.
China's Beijing Easpring Material Technology Co, which makes products for battery makers, has also signed a binding five-year deal with Australian mine developer Clean Teq .
"We are speaking to a number of parties about the balance of the offtake - that includes not just Chinese potential customers but also customers from other parts of the world," Clean Teq's CEO Sam Riggall told Reuters.
In an indication of heightened demand, Riggall said automotive companies were also showing interest, along with cathode manufacturers, the direct users of cobalt, a key material in lithium-ion batteries.
DRC GROWTH In the DRC, production is set to rise sharply driven by commodity giant Glencore Plc, the world's biggest producer, and Russia's ERG, taking DRC's share of global output to over 75 per cent by 2023, according to UK-based Darton Commodities.
Glencore last week agreed to sell around a third of its cobalt production over the next three years to Chinese battery recycler GEM Co Ltd.
Developments in Australia and Canada will be small to mid-size, producing around 1,000 to 5,000 tonnes each, in a global market expected to swell to some 157,000 tonnes by 2023.
Fortune Minerals said it has signed 25 confidentiality agreements,
while Australia's Ardea Resources said it has seen significant interest.
"Certainly some of the groups that we have spoken to have said that they won't look at DRC sources, they want clean ethical sources of cobalt," said Ardea Managing Director Matthew Painter.
Japan's Panasonic, the main battery supplier to Tesla Inc, said it was aware of issues in the DRC and was looking to source some material elsewhere, and it was also looking at lowering its dependency on cobalt.
"Regarding concerns about procuring cobalt and other raw materials,
we are addressing this by establishing advance procurement contracts
and developing new procurement routes, " the company said in emailed comments.
South Korea's Samsung SDI and LG Chem declined to comment specifically on procurement but also said they were looking at other methods to source cobalt and to reduce usage.
RISKS REMAIN Despite surging share prices for some cobalt developers,
analysts warn the projects are not without risk, given fickle technology and the high cost of processing out contaminants like arsenic, found in some North American operations.
Clean Teq shares more than doubled in the second half last year, but have since slipped 20 per cent, partly because it has twice delayed the date of its definitive feasibility study, said Larry Hill, an analyst with Canaccord Genuity in Australia.
Still, the company easily raised A$150 million (S$154 million) this month, and pulled forward its production timeline by a year.
"There's still a lot of upside in any cobalt supply that is ex-DRC," said James Eginton, an investment analyst with Sydney's Tribeca Global Natural Resources Fund, which took part in the raising.
"The challenges of the DRC make anything that comes out of anywhere else a lot more attractive."
I have explained in a number of former Ramblings the various reasons
the Board of Atacama decided to focus much of our efforts on our major gold holdings.
have always been rather bullish on gold.
However, it is always comforting when others agree with you and especially if they happen to be the world's most successful international investment banks.
The attached article lists a number of them as well as the reasons why they are so big on gold into 2019.
Needless to say, these banks with their bullish gold positions simply encourage us at Atacama to surge ahead with our ambitious gold development plans.
It’s time for our roundup of the big investment banks and where they predict the gold price will go in 2019. Their forecasts, while as fallible as any others, are worth paying attention to for one reason.
These banks control enormous amounts of capital, so keeping an eye on where they stand vis a vis the gold price is worth monitoring.
So, presented here without further commentary, is a sampling of current institutional views on gold:
"If U.S. growth slows down next year, as expected, gold would benefit from higher demand for defensive assets," Goldman said. Their most recent 2019 price target was $1,325/oz.
JPMorgan Chase
“We see gold likely repricing lower through the middle of next year,
at which point the Fed’s policy will move into restrictive territory.
The curve will invert, the expansion will slow and expectations of Fed easing will build.
At this juncture, we would expect real rates to move lower and gold’s fortunes to reverse, as gold tends to benefit from consistent drop in real yields during the lead up to recessions and thereafter.”
2019 gold price forecast: $1,294/oz.
Credit Suisse
“The USD has on average depreciated in the latter third of past expansions but there is a lot of variation across cycles,
so this is far from certain. In contrast, commodities and especially gold have tended to appreciate consistently.” 2019 gold price forecast: $1,250
BOFA Merrill Lynch
“Gold is set to surge over the next year as concerns deepen about the widening U.S. budget deficit and a tariff-driven trade war starts to damage the country’s economy,
according to Bank of America Merrill Lynch.
Bullion could average $1,350 an ounce in 2019 as corporate tax reforms worsen the U.S. fiscal balance,
Francisco Blanch, head of global commodities and derivatives research, said.”
Abn Amro
“We think the risk reward for entering precious metals positions is quite attractive.
If our base scenario plays out, it is likely that precious metal prices will rise this year and next on the back of a cut back in speculative short positions. 2019 price target: $1,400.
HSBC expects gold to average $1,292/oz in 2019.
"With this aging equities rally globally, if we do get some financial market uncertainty, I think gold's likely avenue for a rally will be through a rise in volatility," senior HSBC precious metals analyst Jim Steel said.
Commerzbank
“According to the COT report, hedge funds and managers keep betting on weak gold despite its recent rise. However, Commerzbank’s analysts see this as a positive signal. As the large speculators hold net-short positions for a long time, the reversal moment should happen soon.
The bank predicts that as soon as the market gets a fresh catalyst, traders will close positions and the price will go up.
As a result, the bank forecasts a gold’s rise to $1,500 in 2019.”
Scotia
Scotiabank’s forecast tables show a bullish 2019 forecast price of $1,300/oz.
TD Bank
“The precious metal will start to rebound in the final quarter of this year to average $1,375 an ounce in the last three months of next year and could touch a high of $1,400, said Bart Melek, global head of commodity strategy at TD Securities in Toronto.
PER CEO/ ACRL-CEO RAMBLINGS-JANUARY 30, 2019/ SETTING THE RECORD STRAIGHT.
t is time to clarify all the gossip created by Suvorov.
I know this person and have met him personally
As to my capability as the CEO of Atacama my capabilities speak for themselves as
I have owned my own business for 35 plus years and have managed multiple major projects locally and internationally.
My experience in mining has been limited to 6 years put project management is universal in process which in my opinion qualifies my position.
Atacama had interaction with Suvorov regarding property that he claimed to own but our due diligence indicated that the title to the claims was in dispute. We walked away from those discussions.
Atacama has documents in hand and associated maps that clearly record nine core holes being drilled at Atacama 1.
A mining shaft was put down beside one of the drill holes and was actually mined. Extensive records prove that a small mining camp was established.
There was no requirement for cores to be reported to the Ontario Mines Commission until 1936 and 43-101 reporting did not exist when these holes were drilled.
Atacama will be 43-101 compliant on all developments going forward.
Atacama did drill two holes on the Atacama 1 property and the results were strong enough to indicate further studies. Those studies will resume when the snow melts this spring.
A ‘hotspot’ was identified on Atacama 1 in 2015 but the geologist in charge at the time, did not drill there.
There is controversy as to the reason other locations were picked for diamond drilling.
The geologist hired Suvorov’s son to do the on site reporting and he was paid in full with cash.
The geologist was paid in stock in full for his services.
The drillers are still owed and will be paid when funding is in place.
Contrary to the extremely negative and even slanderous remarks constantly being made by Suvorov,
I have never made claims regarding having reserves in place.
I have talked about potential reserves that are considered possible based on information of previous work done on the property.
The newly discovered Todoro assay report and maps are authentic even though the company has no core samples.
With the exact location of all nine holes confirmed with casings that are still in place, our geologists are developing the project to incorporate the latest scientific exploration methods and will implement them later this spring when the snow has melted. The assay results from the Todoro holes will be on firmed and improved using modern techniques.
Fact: Atacama actually has the properties it claims to have, confirmed by documentation at the Ontario Ministry of Northern Development and Mines.
Fact: There are reports written by third party geologists on work done on Atacama 1 and the Cobalt property.
Fact: Atacama has extensive core samples bought and paid for in storage ready for our geologists to evaluate and assay for the graphite property. We will prepare a 43-101 report when finished.
Fact: Atacama 2 and 3 shows signs of high gold concentrations and will be developed in 2019.
Fact: Atacama 1 has the ultimate location for development with good road access, excellent rail and power source and perfect accommodations being so close to Kirkland Lake. Economics make it the priority for development.
As the CEO of Atacama I can assure our shareholders that we will only give out appropriate and factual information regarding our company.
Our mandate is to make sure all our investors are given accurate and true information.
This is Glenn Grant, CEO of Atacama Resources. Until next time.
Fortune Minerals commits to hire locally at Canada’s first primary cobalt mine | MINING.com …
As I have mentioned in earlier Ramblings, our research department has been unable to locate any primary cobalt mines in the USA and now the first primary cobalt mine is scheduled to open in Canada in the early 2020s.
It has many challenges to overcome if it is to be successful.
it is located NW of Yellowknife in the Northwest Territories in Canada's far north where it is dark for much of the year.
It must build its own town-site for its employees and must build a road through the tundra to connect the mine with the outside world.
Once it gets into production it will have to truck the cobalt concentrate for over 1,000 miles, or nearly 2,000 kilometers, to be processed.
An ore body located "in the middle of nowhere" has many major challenges.
Compare this to Atacama's cobalt play located a few miles from the mining town of Cobalt, Ontario, adjacent to a major provincial paved highway, near all the required mining infrastructure and with a processing plant within a thirty minute drive.
Cobalt Camp are the cobalt claims held by Atacama. COBALT [-chart]static1.squarespace.com/static/58b5961486e6c0717e9be46f/591bc70b37c581f0802c6a2e/5bfd7caf352f531a61759816/1543454931414/Cobalt.jpeg?format=1000w[/chart]
Cobalt Camp are the cobalt claims held by Atacama. COBALT [-chart]static1.squarespace.com/static/58b5961486e6c0717e9be46f/591bc70b37c581f0802c6a2e/5bfd7caf352f531a61759816/1543454931414/Cobalt.jpeg?format=1000w[/chart]
This explains why I am a firm believer that Atacama will be able to develop a cobalt mine and be very competitive.
Check out the attached article regarding Canada's first primary cobalt mine and then compare it to the advantages of Atacama's cobalt project , located right in the center of Canada's well known "cobalt camp".
Fortune expects to begin construction this year, with commercial production starting in the early 2020s.
The NICO deposit is located 160 km northwest of the city of Yellowknife in the Northwest Territories of Canada. (Image courtesy of Fortune Minerals.) Fortune Minerals (TSX: FT) (OTCQX: FTMDF), the company behind what could become Canada’s first primary cobalt mine, has signed a socio-economic agreement with the government of the Northwest Territories (N.W.T.) in which it commits to hire and spend locally.
The 48-page document sets out targets for jobs, spending, education, and training in the Territories as the NICO cobalt, bismuth, gold, and copper project moves ahead.
According to the agreement, Fortune Minerals "shall use best efforts" to ensure 60% of the mine's workforce during operations are N.W.T. residents, with at least half of them being Indigenous.
During construction, at least 35% of workers should be N.W.T. residents. Half of those should be Indigenous.
Preference will be given to Tlicho, Yellowknives Dene and North Slave Metis Alliance members, Fortune Minerals said.
This is the fifth socio-economic agreement currently active in the N.W.T.
The others are with the Ekati, Diavik, Gahcho Kué, and Snap Lake mines.
The expected opening of NICO is one of the main reasons the Tlicho all-season road to the community of Whati from Highway 3 is being built.
Last year, Fortune anticipated construction of the mine would begin in 2019 and last for two years, allowing commercial production in the early 2020s.
Concentrate will be shipped to a refinery the company plans to construct in Saskatchewan.
The Whati-based mine has a forecast productive life of around two decades.
Fortune also owns the Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO project, which is a potential future source of incremental mill feed to extend the life of NICO’s mill.
Smart Investors for those who are inclined to be able to do so. If arranged, a $1 a share for me is good enough for a .000's investment, call me greedy.
The investment required to fully confirm the Atacama 1, 2 and 3 proven reserves has been fully budgeted on a project management basis and equals $5 million dollars.
Required costs are substantiated for audit and review.
Our investment initiative must focus on a $5 million capital raise over the next year with a first tranche of at least $1 million dollars immediately.
The upside for the confirmation of gold ‘proven reserves’ for the Atacama 1, 2 and 3 holdings is almost too large to be believable.
An analysis of the ACRL position, similar to the KLG analysis for its new shaft, would yield a proven reserve in the $5 billion dollar range.
With a proven reserve pegged at a more realistic $1 billion dollars, the contribution to the market value of the company would be approximately $1 dollar per share.
Starting with an assumption that the ACRL common shares could end up valued up to $1.00 per share because of the proven reserve confirmation, the investor upside is as follows.
The investment offered with this capital raise is to sell the B shares at the equivalent of one cent per common share with a six-month hold. The investor, under even a worst-case scenario, should see a significant return in his ACRL investment
+++++PART THREE-$ACRL/ CEO RAMBLINGS-DEC.21,2018-THRU-01-23-2019/Annual Meeting of Atacama Resources International Inc.
Christmas-Wallpaper-Download.jpg MERRY CHRISTMAS AND HAPPY NEW YEARS I first wish to thank all of you who took time to participate in this year's Annual Meeting of Atacama Resources International Inc.
From all the feedback received to date I feel that I can call it a success.
The Board wanted to reach out and include as many shareholders as possible and therefore decided to hold it via webinar.
Special thanks goes out to the Company's Director of Corporate Communications, Mr. Allan Flasch for his technical abilities making it possible for investors to participate from Nome Alaska to the Florida Keys.
All the Board members made presentations as to Atacama's activities over the past year and commented on the Company's future plans.
$ACRL-A.I.&AUGMENTED A.I./ CEO RAMBLINGS - JANUARY 7, 2019/ Gold miners 'laughing' amid best rally in decade as metal surges | MINING.com I am an avid newspaper and TV news hound and can not help but to be quite concerned about the current state of the world- economically, politically and socially.
Pundits are reluctant to speculate about the future with the world being a very complex and ever changing place. What are the trends?
Where are we headed? The fast emerging world of
Artificial Intelligence and the use of robotics in unnerving for most.
The US economy seems to be hot yet wages remain stagnant.
Many jobs are part time and contract work resulting in a very unsure and shaky future.
Wars continue in Afghanistan, Iraq, Syria and Yemen.
China's economy appears to be faltering and the EU is awaiting the effects of Brexit.
Investors the world over are looking out for a safe haven to place their money and seem to have found it in GOLD.
The old time tested safe place to put your money.
This is why I am so pleased that three years ago Atacama's Board of Directors decided to place our gold properties as a major priority for the Company.
December’s cheer is carrying into 2019 for gold-mining companies.
A gauge of mining shares is extending gains after its best December since the financial crisis as investors flee to haven assets amid a slump in the broader equities market and a U.S government shutdown.
The BI Global Senior Gold Valuation Peers jumped as much as 1.6 percent Thursday to the highest since May, with bullion set for a sixth straight advance.
‘‘The yellow metal is in demand due to the fact that almost everyone is looking for safe-haven assets,’’ Naeem Aslam, chief market analyst at Think Markets U.K. Ltd., said by email. “Gold miners are laughing all the way because the entire landscape has become more attractive.”
Volatility in equities, concern about a broadening U.S.-China trade conflict and a softening dollar have underpinned a rally in bullion.
The trade showdown is starting to have an impact on economic activity, after Apple Inc. issued a warning on its outlook and factory data weakened.
Bullion for immediate delivery rose 0.4 percent to $1,289.58 an ounce at 10:47 a.m. in New York, after touching the highest since mid-June.
In December, the BI miners index jumped 12 percent, the most for that month since 2008. Harmony Gold Mining Co. and AngloGold Ashanti Ltd. paced gains on Thursday.
Investors seeking havens have also been buying silver. The white metal touched the highest since July on Thursday.
“Looks like silver has gained momentum because of gold,” Aslam said.
===============================================
$ACRL-CEO RAMBLINGS - JANUARY 8, 2019/ CEO RAMBLINGS - JANUARY 8, 2019
The only thing that can accelerate as fast as an electric car is the price of the most expensive metal in its batteries.
Once a niche market used to strengthen turbine blades, cobalt's value has soared since it started to feature in modern electronics.
Most phones need a few grams worth and every electric car requires 5 - 10 kgms. That adds up quickly.
Just focusing on EV's it is expected that cobalt demand will increase by a factor of 25 times by the year 2050.
Cobalt Camp are the cobalt claims held by Atacama. COBALT [-chart]static1.squarespace.com/static/58b5961486e6c0717e9be46f/591bc70b37c581f0802c6a2e/5bfd7caf352f531a61759816/1543454931414/Cobalt.jpeg?format=1000w[/chart]
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The electric car makers have already invested around $100 billion in new electric car technology.
DECEMBER 7, 2018/ VW says last generation of combustion engines to be launched in 2026
One estimate I read recently indicated that by 2030 at least as much of the stuff will be need for transport alone as was mined in 2017 in total.
Most users of cobalt today are concerned about how cobalt is sourced.
They want to get away from using "Conflict Cobalt" which currently is 60% of the globes production coming from the "hell hole" known as The Democratic Republic of Congo".
Just google the poorest country on earth to see why I call it that.
The world market for cobalt needs to find a new source of supply.
Atacama may be in a position to be part of the solution since we are presently developing our cobalt claims which are located right in the center of what is known as Canada's COBALT CAMP.
Talk about being in the right place at an opportune time.
$ACRL/ CEO RAMBLINGS - JANUARY 9, 2019/ Now that we at Atacama are planning for the upcoming exploration and drilling season I am pleased to announce that the Company has brought on to the Atacama team two well known and very experienced geologists.
Together they represent decades of geology expertise and experience.
Their work as consulting geologists have taken them around the world to many different locations working for many well known mining companies.
We are proud to have David Jackson and Bruce Fox as integral members of the Atacama Mining Team.
You will be hearing about their work in future Ramblings.
two well known and very experienced geologists/ $ACRL/ CEO RAMBLINGS - JANUARY 9, 2019/ Now that we at Atacama are planning for the upcoming exploration and drilling season I am pleased to announce that the Company has brought on to the Atacama team two well known and very experienced geologists.
Together they represent decades of geology expertise and experience.
Their work as consulting geologists have taken them around the world to many different locations working for many well known mining companies.
We are proud to have David Jackson and Bruce Fox as integral members of the Atacama Mining Team. You will be hearing about their work in future Ramblings.
Now that we at Atacama are planning for the upcoming exploration and drilling season I am pleased to announce that the Company has brought on to the Atacama team two well known and very experienced geologists. Together they represent decades of geology expertise and experience.
Their work as consulting geologists have taken them around the world to many different locations working for many well known mining companies.
We are proud to have David Jackson and Bruce Fox as integral members of the Atacama Mining Team. You will be hearing about their work in future Ramblings.
$ACRL/CEO RAMBLINGS - JANUARY 16, 2019/ Atacama Resources geologists have previously scheduled a project for May 2019 to further explore the Atacama 1 mining interests in Kirkland Lake, Ontario.
This project includes seismic, magnetometer and Lidar surveys.
Because of the assay information recently discovered for core samples from Atacama 1, the project has taken on increased urgency and will be started in late March. The ground can still be frozen as several survey methods actually perform better over frozen terrain.
On another note, please see the article, highlighting the increased scarcity of gold and two mega gold companies merging.
As CEO of Atacama, I will continue to bring you factual news about Atacama Resources and our mining claims.
Newmont Mining Corp. will buy rival Goldcorp Inc. in a deal valued a t $10 billion, creating the world’s largest gold miner and cementing a return of M&A to the industry.
The biggest deal in the gold mining industry’s history comes just three months after Barrick Gold Corp.’s move to buy Randgold Resources Ltd. in a $5.4 billion transaction, which instantly spurred speculation that rivals would have to respond.
The two huge gold deals have the potential to spark investor interest after the industry lost favor following years of lackluster bullion prices, bad investments and disastrous deals.
Just two weeks ago, Mark Bristow, the new chief executive officer of Barrick, said the industry is heading for irrelevance unless there are major changes.
Goldcorp shares surged as much as 12 percent to C$14.45 in Toronto. Newmont shares slipped 6.4 percent in New York.
Newmont and Goldcorp were “clearly not willing to sit back and let Barrick take the limelight,” said Kieron Hodgson, a natural resources analyst at Panmure Gordon in London.
Gold mining companies are turning to M&A as a way to kickstart growth and secure mine reserves after a decade of cutting back on exploration spending, according to Adrian Hammond, who covers African gold companies for SBG Securities Pty Ltd.
Investors have punished the industry in recent years and Newmont shares are about half the value from a peak in 2011.
“Companies are struggling to compete for lower costs whilst trying to replenish their reserve base, so acquiring assets has become the easier alternative,” Hammond said in an interview from Johannesburg.
Newmont will pay 0.3280 of its own shares for each Goldcorp share, a premium of 17 percent to the weighted average share price from the last 20 days. Newmont also plans to pay 2 cents for each Goldcorp share.
The deal will create a company that runs mines in the Americas, Australia and Ghana and exceeds Barrick-Randgold in scale, producing about 7.9 million ounces of gold a year.
It also rivals Barrick’s purchase of Placer Dome Inc. as the gold industry’s biggest takeover.
That deal had a final value of about $9.9 billion when it closed in 2006, according to data compiled by Bloomberg.
Newmont and Goldcorp said they will sell up to $1.5 billion in assets over the next two years, echoing a similar Barrick pledge to concentrate on the best-performing mines.
Newmont also promised initial cost savings from the merger of $100 million a year.
The promise of unloading assets, something Barrick is also expected to do, will have repercussions for the industry as a host of mines are likely to be put up for sale.
Additionally, the two big deals will add pressure to other gold miners such as Kinross Gold Corp. and AngloGold Ashanti Ltd., which have missed out on the sudden deal rush.
“I can see a new wave of mid-tier producers being spawned from assets deemed subeconomic by the two ‘giants,’” Hodgson said.
Goldberg, who has lead Newmont since 2013, will remain CEO until the deal and integration of the two companies is complete - likely in the fourth quarter - after which he will hand over to Chief Operating Officer Tom Palmer.
Newmont has retained BMO Capital Markets, Citigroup Inc. and Goldman Sachs Group Inc. as financial advisers, while Goldcorp has TD Securities and Bank of America Merrill Lynch.
A version of this article appeared in the print edition of The Daily Star on January 15, 2019, on page 5.
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SPECIAL READING/ Good2Drive:/ Fit4Duty ACRL ENTITIES
TWO ENTITIES WITH APPS/ OTHER RELATED ITEM FOR COMPANY PROFITS/ $ACRL/ $ACRL/ PROVEN MINING EVALUATION/ADDING LINKS/ PRECIOUS METALS & MINERAL MINING/ ATACAMA RESOURCES INTERNATIONAL some profiling https://acrlintl.com/mining
$ACRL Company Links Listed Below. Do your DD! 1. Atacama Resources International: https://acrlintl.com/
$ACRL/ CEO RAMBLINGS - JANUARY 18, 2019 - The company has become a member of OTCIQ, the arm of OTC Markets that manages the filing process for OTC public companies ----------------------------------------------
EXCERPT/ ‘getting current’ as a top priority it is in the best interest of the company to file its financials with OTC Markets with unaudited financials. compliance with all rules governing public companies. Upon sign off by our SEC attorney, Atacama will file. The company expects to file the 2017 financial report before the end of January. The quarterly financials for 2018 through September 30, 2018 will be completed and filed as soon as the information 2018 filing is not due until March 2019. We expect to achieve ‘current filer’ status by early February.
I am pleased to respond to the question most asked by Atacama Shareholders over the last several months.
“When is Atacama Resources going to file its financials for 2017 and 2018 to achieve current filer status.”
The board of directors of Atacama Resources has determined that it is in the best interest of the company to file its financials with OTC Markets with unaudited financials.
The company has become a member of OTCIQ, the arm of OTC Markets that manages the filing process for OTC public companies.
All filings will undergo the same accounting accuracy as those of audited financials.
Before any financials are submitted to OTCIQ, the filing is submitted to our SEC attorney for review to ensure accuracy and compliance with all rules governing public companies. Upon sign off by our SEC attorney, Atacama will file.
The company expects to file the 2017 financial report before the end of January.
That information will be posted and certain disclaimers will be removed by OTC Markets in any references to ACRL.
The quarterly financials for 2018 through September 30, 2018 will be completed and filed as soon as the information can be collected and the numbers confirmed for accuracy.
This will take several weeks. The year end 2018 filing is not due until March 2019. We expect to achieve ‘current filer’ status by early February.
The entire Atacama team considers ‘getting current’ as a top priority and we are extending all efforts to achieve that goal.
Until the next CEO Ramblings, this is Glenn Grant,
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Cobalt, a by-product of copper or nickel, $ACRL/ CEO RAMBLINGS - JANUARY 21, 2019/ REFERENCE TO ELECTRIC CAR/
FORD TO LEAD BLOCKCHAIN PILOT THAT TRACES COBALT MINED IN CONGO The attached article points what I have saying for months.
The users of cobalt are extremely concerned about where they must source it and are not happy with having to get it from the corrupt and violent Congo.
Current users of cobalt, and especially future users, want new suppliers. Atacama is working hard to perhaps be a new source of cobalt using our cobalt claims near Kirkland Lake, Canada.
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The property is located dead center in an area known as the Canadian Cobalt Camp with cobalt exploration going on all around us.
We are anxious to get working on the claims this spring. Enjoy reading the article. I am Glenn Grant, CEO of http://www.acrlintl.com
The group wants to use blockchain to help ensure responsible mining practices for raw materials such as cobalt, which is in high demand for its use in lithium-ion batteries. ( Reference image. Artisanal miners in Kaili, DRC. By Julien Harneis | Flickr Commons.)
Automaker Ford has partnered up with IBM, South Korean battery maker LG Chem and China's largest cobalt producer Huayou Cobalt to test the first blockchain project to trace supplies of the metal from Democratic Republic of Congo (DRC).
The pilot, overseen by multinational responsible-sourcing group RCS Global, seeks to help manufacturers ensure the cobalt they use is not linked to human rights abuses.
On the simulated sourcing scenario, cobalt produced at Huayou’s mine in the DRC will be traced through the supply chain as it travels from mine and smelter to LG Chem’s cathode plant and battery plant in South Korea, and finally into a Ford plant in the United States.
An audit trail will be created on the blockchain, which will include corresponding data to provide evidence of cobalt production from mine to end user.
Pilot is the latest effort to use blockchain to improve the transparency of global supply chains, especially in the mining industry.
With the growing demand for cobalt, this group has come together with clear objectives to illustrate how blockchain can be used for greater assurance around social responsibility in the mining supply chain, " Manish Chawla, GM, Global Industrial Products Industry at IBM, said in the statement.
The move is the latest effort to use blockchain to improve the transparency of global supply chains, especially in commodities.
Blockchain, the technology behind cryptocurrency bitcoin, provides a shared record of data held by a network of individual computers rather than a single party.
There already are some examples of the use of blockchain in the mining industry, with world’s No. 1 diamond producer by value De Beers testing its Tracr platform, which allows tracing gemstones throughout the entire value chain — from mine to buyer.
Eyes on the DRC The DRC generates more than 60% of the world’s cobalt, but much of it is sent to China to be processed by multiple companies before it is used in batteries.
In addition, up to 20% of the DRC’s cobalt is mined by hand, often by children with picks and shovels.
Congo generates about two-thirds of the world’s cobalt, but much of it is sent to China to be processed by multiple companies before it is used in batteries.
Cobalt, a by-product of copper or nickel, is in high demand for its use in lithium-ion batteries, which power a wide range of products such as laptops, mobile devices, and electric vehicles (EVS).
Currently, about two-thirds of it comes out the DRC. However, due to the region’s intense poverty and the mineral’s soaring price, thousands of impoverished Congolese have flocked to the cobalt rich areas to secure an income.
Traditionally, artisanal miners have sold their ore to local co-operatives, which then sell it to local merchants and traders.
They, in turn, sell to international traders or operating mines with established transport links and the artisanal mined cobalt ends up being exported to China as concentrate.
In 2014, UNICEF estimated that around 40,000 children were involved in artisanal mining in the DRC. And Amnesty International has said that children as young as seven can be found scavenging for rocks containing cobalt in DRC, which holds about 49% of the world’s known reserves.
Those and other allegations have put pressure on multinationals to trace the cobalt they use and so forego the risk of inadvertently using raw materials sourced from child labour, which remains rampant in central Africa.
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$ACRL/ CEO RAMBLINGS - JANUARY 22, 2019/ CHINA ADDS POWERFUL GRAPHENE ARMOR TO Z-10 ASSAULT HELICOPTERS
Major Graphite Deposit. You may recall from previous ramblings that Atacama is developing a major graphite deposit.
Graphene comes from graphite. Graphene, many claim, is about to revolutionize military hardware worldwide.
The Pentagon and NATO forces call it a wonder material.
Thinner than a sheet of paper, 200 times stronger than steel means that it can be used for body Armour that will be stronger than diamonds.
It offers unlimited military and aerospace applications.
It has the highest potential to revolutionize military capabilities over the next decade.
It can be used to completely absorb radar rays making aircraft, rockets, ships, planes, subs, etc. virtually undetectable.
Naturally most of this research is classified but you can see its applicability to much of the civilian world. The demand for graphite worldwide is about to explode.
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I want Atacama to play a major role in in the development of this new wonder material called graphene.
Military research is exploding everywhere re this new product as the attached article indicates.
MILITARY & INTELLIGENCE 22:51 24.10.2018Get short URL2641 An unknown number of China’s Z-10 air-to-ground attack helicopters have been upgraded with ultra-thin graphene semimetal to serve as an extra layer of protection from adversaries, according to Asia Times.
A video appeared on China Central Television earlier this month showing one of the helicopters with "an extra armor module near its tandem cockpit" touch down after a flight.
The video has not been independently verified for authenticity, and Beijing is known to keep its military secrets under wraps.
Graphene is simply a one-atom layer of carbon tightly packed together in a hexagonal lattice. When exactly two layers are stacked on top of each other — a configuration called diamene —
During a ground attack operation, the Z-10 would likely be called upon to take out hostile tank formations or other ground artillery, Asia Times noted in an October 24 report, exposing the chopper to a variety of anti-aircraft weaponry that might be to take it out during low-altitude operations.
Graphene is an incredible material with novel properties as compared to the materials conventionally used in making military equipment.
The material can withstand 200 times as much force as steel at a fraction of the weight, Asia Times reported.
In 2017, a study published in the journal Nature Nanotechnology found that graphene — which is almost 1 million times thinner than a sheet of paper — layered on top of itself twice can "temporarily become as hard as diamond" and just as impervious to projectiles like bullets, Futurism reported.
Graphene is simply a one-atom layer of carbon tightly packed together in a hexagonal lattice.
When exactly two layers are stacked on top of each other — a configuration called diamene — the material hardens and demonstrates magnificent strength comparable to that of diamonds, according to Futurism.
On a curious note, Nature Nanotechnology reported that stacking more than two sheets of graphene did not trigger any hardening effect.
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$ACRL/GRAPHITE/LIFE CHANGER/CEO RAMBLINGS-JANUARY 23, 2019/ 30 WAYS GRAPHENE IS ABOUT TO CHANGE YOUR LIFE. stating investors are calling and e-mailing our CEO
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I have been totally inundated with calls and emails over the past few days from investors asking why I am so keen to develop our graphite holdings and why I am so keen on the future of graphite and graphene.
I appreciate that most of the world is unaware of the importance of these two commodities but this is what Atacama is all about.
We want to be part of the future,not the past. GRAPHENE, which is derived from graphite, is considered to be the material of the future.
IT is truly a wonder material. IT IS REVOLUTIONIZING THE FUTURE. Check the article which I have attached for your edification and you will see what I mean.
Graphene is about to remake much of the world as we know it .
We at Atacama wish to be part of this exciting new trend. I am Glenn Grant, CEO of http://www.acrlintl.com
It's strong,it's flexible, and it's here. After a long time cooking in the labs, the first graphene-based products are beginning to trickle out into the world of smartphones, wearables, batteries, virtual reality, sports equipment, super-capacitors and supercars.
Graphene is a material that some believe has been coerced from abandoned space ships, left on Earth by extraterrestrials years ago.
While that's a little unlikely, the power of this super-thin, strong, conductive and all-round amazing material is deserving of such a conspiracy.
It's been over 60 years coming as scientists and manufacturers alike have struggled to harness the power of this awesome material,
but it's closing in on revolutionizing so many things we're using day to day.
We've recently updated this page with 10 more ways that graphene is about to change your life, as seen on display at MWC 2018 in Barcelona. Want to learn more about graphene and its future uses? Check out our feature, Why is graphene taking so long?
This graphene patch measures UV light on skin (Credit: Jamie Carter) Smart insole monitoring for athletes Cool graphene shoes The world's most efficient solar cell
A battery that charges in minutes Graphene e-tattoos and fitness trackers Graphene pixels for wearables Graphene for scanning your Shiraz Graphene scanners for smartphones Graphene sensors for 3D cameras Night vision for self-driving cars More useful windows 3D-printed graphene drones Graphene motorcycle helmet Flexible graphene Wi-Fi receivers Making water safe Graphene gloves Graphene bikes
Smart Investors for those who are inclined to be able to do so. If arranged, a $1 a share for me is good enough for a .000's investment, call me greedy.
The investment required to fully confirm the Atacama 1, 2 and 3 proven reserves has been fully budgeted on a project management basis and equals $5 million dollars.
Required costs are substantiated for audit and review.
Our investment initiative must focus on a $5 million capital raise over the next year with a first tranche of at least $1 million dollars immediately.
The upside for the confirmation of gold ‘proven reserves’ for the Atacama 1, 2 and 3 holdings is almost too large to be believable.
An analysis of the ACRL position, similar to the KLG analysis for its new shaft, would yield a proven reserve in the $5 billion dollar range.
With a proven reserve pegged at a more realistic $1 billion dollars, the contribution to the market value of the company would be approximately $1 dollar per share.
Starting with an assumption that the ACRL common shares could end up valued up to $1.00 per share because of the proven reserve confirmation, the investor upside is as follows.
The investment offered with this capital raise is to sell the B shares at the equivalent of one cent per common share with a six-month hold. The investor, under even a worst-case scenario, should see a significant return in his ACRL investment
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