Categories
Uncategorized

A Sole Marine Stood Up to Defend America. He stands alone

Bob Moriarty
Archives

Sep 6, 2021
In response to the clusterfuck going on in Afghanistan recently a US Marine Lieutenant Colonel posted a video asking why no one had been held responsible for the biggest military failure in American history surrounding the poorly planned and executed withdrawal. He demanded accountability. So his superiors fired him. He has since resigned leaving a multi-million dollar retirement on the table. Wouldn’t it be wonderful if we had more than one guy in the military demanding accountability?

I was in the service, the Marines, for almost six years. I served from July of 1968 until March of 1970 in Vietnam. I’m reminded today of a mission flown by a Huey Gunship squadron out of the Hue Phu Bai air field in March of 1970. The CIA had these Marine gunships escort some troop choppers into Laos where they inserted a small recon team made up of SOG people. The intent was to determine what the NVA troops were up to as they strolled down the Ho Chi Minh trail.
One of the gunships took heavy fire and crashed in flames. A roommate of one of the two pilots kept flying out to the site in the hopes of finding survivors. Nearly a week after the crash he was flying over the scene and someone almost naked, just wearing green skivvies shorts ran out of the trees and waved his hands back and forth. The chopper pilot flew over the man and recognized his roommate and friend.

The lieutenant flew back to the Marine base and reported what he found. He wanted to launch an immediate rescue mission. The request literally went to the top of the CIA and the decision was made to leave the survivor alone in the jungle to die. After all, lives of Marine chopper pilots were pretty cheap to the CIA. And while boots are taught in Boot Camp that the Marines never leave their dead behind, in this case it didn’t mean anything because after all, the pilot wasn’t dead yet.

The Marine pilot who found his friend out in the jungle hit the roof. He grabbed a crew chief and the first fully armed Huey he could put his hands on. He took off and immediately called the tower and told them he was going to blow the headquarters building up with all his rockets and then strafe any survivors unless a rescue mission was launched. The Group Commander, a bird Colonel realized the Lieutenants had a lot of experience shooting up the jungle so blowing up a nice command post was not a problem.

The mission was launched. They rescued the downed pilot and returned him to the base. For keeping his mouth shut he continued to be promoted until his retirement. The lieutenant who threatened the base headquarters was never again promoted and he left the service. But there was at least one brave Marine who would stand up and demand accountability and forced people into doing what they should have done in the first place.

While it’s true that when people sign up for the service they have certain legal obligations to their superiors, their superiors have unwritten but just as meaningful obligations to the troops under them.
Today the PINO, the President In Name Only, cannot speak a paragraph without reading from a card in front of him. He came into office fully senile and everyone simply ignores it. Years ago he was confusing his granddaughter with his dead son. I suspect that the plan was for him to hold the position for a few months only to be replaced by his Vice President, Kamala Harris. She is the closest thing to a hooker that has ever held such high office. She climbed the ladder of political success one rung at a time, on her knees. Her sole talent seems to be a propensity to giggle at inappropriate moments.
It’s what happens at end of empire when people take office as a result of the most corrupt election in US history. I’m not supposed to mention that, of course. Arizona held a full audit of the vote. The Democrats were so concerned about the integrity of the election in Arizona that they fought the recount at every step of the way. We don’t have the full results yet but the recount has pointed out that there were 74,000 more ballots by mail counted than were mailed out. In an election where about 7,000 total votes made the difference between winning and losing it seems to me that 74,000 mystery ballots pretty much proves fraud on someone’s part.

There are people today who believe the US had a moral obligation to invade a country that was no threat to them and kill as many people as possible in the name of making sure Lockheed Martin and Northrop Grumman could continue to increase their dividends and share price. There was the additional advantage to the US generals that there were always directorships in the massive companies supplying military equipment opening up. A nice fat paycheck comes their way after their retirement for selling crap to the same guys they used to command while on active duty.

I should point out here that a clump of goat herders just kicked the butts of “THE MOST POWERFUL AND WELL EQUIPPED MILITARY IN WORLD HISTORY.” With units no bigger than an average girl scout troop and armed with little more than AK-47 rifles and RPGs they whipped the US with all their space age toys and F-35s.
It would almost be tacky of me to point out that I was an F-4B pilot in actual combat. The F-35 procurement program is not only the most expensive weapons program in history, it is also the biggest piece of shit airplane the US has ever built. No one supporting the program ever flew a single mission in combat.

There are people who approved of the war. That would include the Neocons who never saw a useless war they didn’t think just spiffy. You can toss in the NYT, Washington Post and Wall Street Journal. The WP even had the gall to print a series of articles about Afghanistan in 2019 where they showed that the Pentagon and politicians in Washington DC had been lying all along about progress in the war. They, of course, were prime supporters of the war back in 2001.

A lot of people always against the US involvement in Afghanistan would be those who had read history books. While a reputation of being “The Graveyard of Empires” has an interesting ring to it, none of our generals had read it before. And after all while a single defeat in a meaningless and useless war in far off areas doesn’t directly lead to the collapse of an empire it does give a powerful hint about the future.
No one ever won any war. All that happens is that one side loses more than the other. But when an empire begins to engage in military adventurism, the end is nigh. It was true of Alexander the Great, the British, the USSR and now the US.

Lt Colonel Stuart Scheller wasn’t directly being critical of the US involvement in the war. He was responding to the utter chaos of the last month or so in the US withdrawal. The war was begun in 2001 by a president who was a drunk, a draft dodger and a crack head until his forties. Naturally he thought of himself as a latter day Alexander the Great. Crack heads tend to think that way.

People still argue about who really ran the White House. From the actions of Vice President Dick Cheney on 911, it would appear Cheney was really the brains in the White House. He was another draft dodger. Indeed I can’t find a record of a single person in the Bush administration who ever spent even a day in combat. Bush is a contemporary of mine, he being six weeks older. While I was flying fighter missions over North Vietnam he was down in Mexico snorting coke.

Then we had the Obama administration. The Military Industrial Complex was firmly in control of his administration. We continued to pour hundreds of billions of dollars into the cesspool we call the Afghan War. I’ve read figures that said that the cost of keeping one American soldier in the country for one year was a cool $1 million. Fuel had to be ferried in from Pakistan and would cost $75 to $100 a gallon. Wars aren’t cheap, you know. Not a single US General stood up and demanded accountability. Hell, they didn’t even point out it was an expensive and meaningless war against people who were no threat to the US. Not a single one.

In turn Trump continued the war for the longest time. The number of dead Americans was up to over 4,000 but no one was really counting. Granted, Trump, another draft dodger, did come to the understanding that when you have been in a war for nearly twenty years, you lost. The cost climbed to over $2.3 trillion. Trump wanted the US out of the country. The US sat down with representatives of the Taliban in something called the Doha Agreement. Trump wanted all Americans out of the country by May 1, 2021 but the CIA and warmongers at the Pentagon dragged their heels.

PINO Biden takes office in January of 2021 with the intention of removing all US forces by September 11, 2021. By the 8th of July 2021 his so-called administration changed the date to August 31st.

The Secretary of Defense, the Chairman of the Joint Chiefs, all of the chain of command in the military down to the lowest E-1 knew for eighteen months that the US forces were going to be pulled out of Afghanistan. After twenty years of losing a war to goat herders, was anyone really so stupid as to not understand the Taliban were going to march right back into Kabul and begin their Reign of Terror?

Lt Colonel Stuart Scheller believes those responsible for planning and executing the withdrawal of US forces should be held responsible for the biggest military disaster in American history. The US left Americans behind who couldn’t get to the airport. We utterly failed to even consult with our allies who contributed both gold and the blood of their children to what was a fool’s game from the very beginning. We totally deserted those in Afghanistan who worked with American forces. We spent over $85 billion on the worthless Afghan Army and delivered billions worth of munitions to the Taliban. It is far worse than a failure. It was a mistake.

We just proved the mighty US, the Exceptional Nation, is nothing more than a paper tiger led by a gang of fools and incompetents.
Lt Colonel Scheller hasn’t gone far enough even though he just threw away seventeen years of his life for nothing in return. It is not sufficient to bemoan a total failure of leadership in Washington up and down the chain of command with regards to the disaster in Afghanistan.

While crocodile tears are being poured in gallons from the MSM about the poor Afghans trapped in the Taliban Reign of Terror, we have our own Reign of Terror in America led by Bill Gates, Tony Fauci, and the legions of liars at the CDC, FDA, NIH and MSM.

There has been an effective coup d’état on the part of the WEF and the elites on we, the peasants, since the fall of 2019. Bill Gates held a planning secession called Event 201 at exactly the same moment the first delivery of the gain of function virus was made in Wuhan. Pure chance no doubt just as it was pure chance that the French outlawed over the counter sales of HCQ on January 1, 2020 just when it would have been most useful.

Afghanistan is a direct analog of the Covid Cult. In Asia we attacked a country that had not attacked us on the basis that they gave shelter to someone who might have participated in an attack on the US. The Taliban had the audacity to ask for proof of the involvement of OBL. Naturally the US promised to deliver. And never did. Later we learned that the attack on Afghanistan was planned years in advance and had far more to do with an intended pipeline. In other words, from the very beginning of the conflict everything the world was told was a bold faced lie.

In March of 2020 we were told that 50 million people would die from one of the deadliest medical disasters in all of recorded history. If we would agree to a two-week lockdown we could “flatten the curve” and the virus would be under control until a “vaccine” could be produced. It was all a lie. Even today the inflated number of total deaths is only 4.5 million and it includes gunshots, premature birth, suicides, car accidents, strokes, heart attacks, cancer and any other potential cause of death. Even the CDC admits only 6% of deaths came “from” Covid as opposed to “with” Covid. It was a massive propaganda campaign of “fear porn” over what is and was no more than a bad flu that you don’t want to catch.

The PCR test was being misused according to the inventor and Nobel Prize winner Kary Mullis who outright calls Fauci a fraud. Of course Fauci is a fraud and has never told the truth to the American people from the beginning. He is the head of the NIH that funneled $3.7 million to the Wuhan Lab for gain of function research and another $39 million of DOD funds. It was his position that while there was some risk to the gain of function research, it was worth it.

That’s very similar to the voice of Secretary of State Albright talking about the 500,000 children who died in Iraq as a result of US sanctions. “We think the price is worth it.” I wonder if Fauci would be so casual about the deaths of millions if the question were asked again.
The PCR test has been obviously flawed for eighteen months and anyone with eyes would have noticed. The cycle rate was set far too high to be accurate yet was the basis for shutting down the economy of the world. Elon Musk questioned the validity of the test so took exactly the same test four times on the same day and same conditions. Two tests proved that he had Covid. Two tests showed he didn’t have Covid. That’s a fifty percent error rate. Many real doctors have concluded the error rate is far higher.

Anyone who can both think and add would have questioned just how it would have been possible for the US with 5% of the world’s population to have 25% of the world’s cases and deaths. It is not possible unless we were really doing something different from the rest of the world.
Even the CDC now admits the PCR tests are meaningless and will no longer be allowed to be used after December 31st of this year. Well no shit, we shut down the world’s economy, bankrupted millions of people and killed an untold number of people as a result of a worthless lockdown based on bad data from the beginning.

Fauci and Bill Gates have a hidden vested interest in pimping the so-called “vaccine” that every day seems to have another headline about how it has killed tens of thousands of people and doesn’t actually protect those who took it. Also it probably puts them at greater risk from Covid and we have yet to determine the longer-term effects. Gates brags about his 20-fold return from his investment in “vaccines” even though his foundation has been thrown out of both India and Africa for the unknown at the time damages to those people used in the experimental “vaccine” trials.

Fauci, Gates, the CDC and the NIH own a piece of the pie for both Remdesivir and the various “vaccines”. That gives them a giant financial self interest in prescribing medicine that they know doesn’t work and a reason to put down any cheap and inexpensive alternatives. Indeed if Fauci actually admitted both HCQ and Ivermectin can cure Covid, the “vaccines” with their EUA would be forbidden. Fauci himself co-authored a paper in 2005 praising HCQ for its antiviral potential. But when Trump repeated the results obtained by a French doctor in mid-2020 Fauci immediately went on the attack and mocked the same sixty-five year old inexpensive alternative that he supported in 2005.
In May of 2020 the FDA issued an EUA for use of Remdesivir. Fauci pimped the far more expensive Remdesivir without disclosing his own personal financial interest. The drug had been through a trial for antiviral potential against Ebola in 2018 and the drug dropped from the trial due to the number of patients it killed through kidney failure. True to its nature, tens of thousands of the dead in both New York and New Jersey credited to Covid actually died of kidney failure due to poor medical treatment. Fauci doesn’t bother mentioning that. By November of 2020 the WHO recommended against the use of Remdesivir for Covid “ as there is currently no evidence that remdesivir improves survival.”

Later in 2020 it turned out that some doctors were treating patients successfully with a miracle drug named Ivermectin used in both human and animals for its anti-parasite values. Over 40 studies showed a decrease of up to 90% or more in fatalities by use of the cheap medicine. A two-day course in Mexico costs $120 pesos or $6 USD. So Fauci, the pimps in the media and even the FDA mocked use of the inexpensive alternative to “vaccines” that don’t work and have killed many thousands and injured millions more.

If the lies and deceit sound like an instant repeat of those told in the Afghan war it is because it is identical. The world has been lied to every step of the way. Covid is not and never was an accident. The NIH and Fauci financed the gain of function we now see. Fauci forced Remdesivir on the medical community despite knowing the high death rate from the drug. At least and at last the WHO has removed its recommendation for use of the drug. The WHO also no longer supports the idea of booster shots.

We were told we didn’t need masks. Then we were told we did need masks, then we were told we not only needed masks, we needed face shields. Then Fauci claimed two masks were better before retreating to only suggesting one. So if you “follow the science” what do you do?
Now we know by comparing countries that didn’t use masks to those that did, masks accomplish nothing.

We were told we needed to lockdown for fifteen days to “flatten the curve.” It accomplished nothing.

We then locked down for many months while the governors and mayors went on their vacations to exotic locals while we stayed trapped in our homes. Do as I say, not as I do, I suppose.
The lockdowns didn’t work. The demolishment of our economy took the lives of thousands of American through youth suicide, murders, and premature deaths due to a lack of prompt medical care even while hospitals sat idle, alcoholism and drug abuse. The list of “collateral damage” could go on for pages.

The WEF, the Military Industrial Complex, all of social media, the MSM, Bill Gates, Fauci, the NIH, CDC and FDA have been lying all along and they knew it. Just like the Afghan war.

Part of the problem is sheer greed on the part of Fauci, Gates and Big Pharma on a new massive historic scale but by refusing to even try cheap and effective solutions the entire medical community has by and large participated in mass murder.

The American experiment in freedom and democracy ends on September 15th, 2021. That fat fraud that claims to be Secretary of Defense has ordered the entire US military to be “vaccinated” by the middle of September. If the gutless and useless generals commanding our 2.2 men and women on active duty and in the reserves bend over and follow what is obviously an illegal order, the US is finished.
This is a coup and we will know on Sept 15th just who runs the country. It is time to man the barricades.

A former Navy surgeon did a short two-minute clip and pointed out that the young men and women who make up our military have a hundreds of percent higher risk of dying from the “vaccine” than from Covid. If those young people are jabbed, it will kill fifty to sixty times more of them than have died of Covid. All for Big Pharma, Bill Gates and Fauci.

Congress has authorized up to sixty general grade officers in the US Marine Corps. If every swinging dick wearing stars stood up and said, “not on my watch” and “I demand accountability” we could retake our country and end eighteen months of Covid Cult stupidity overnight.
Biden, Harris, Austin, Milley all need to go. We need to defend our borders and go back to the reasonable concept of one man, one vote. In the end this coup on behalf of the Elite and the WEF will fail. It’s merely a question of just how many people will die in this insane wet dream first.

###
Bob Moriarty
President: 321gold
Archives
321gold Ltd

Copyright ©2001-2021 321gold Ltd. All Rights Reserved

Categories
Energy Junior Mining Precious Metals

Magna Gold Announces Grant of Stock Options

TORONTO, Sept. 3, 2021 /PRNewswire/ – Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) (“Magna” or the “Company”) announced today that, pursuant to the Company’s stock option plan, it has granted a total of 1,000,000 stock options to officers and employees of the Company. Each option is exercisable at CAD $0.90 per common share of the Company until September 3, 2026 with the stock options vesting immediately. The closing price of the Company’s common shares on September 2, 2021, the date prior to the grant of the stock options, was CAD $0.94 per share.

Magna Gold Corp (CNW Group/Magna Gold Corp.)
Magna Gold Corp (CNW Group/Magna Gold Corp.)

About Magna Gold Corp
Magna is a Mexico focused gold/silver production company focused on acquiring, exploring, developing and operating quality precious metals properties in Mexico. It is committed to advancing its 100% owned flagship San Francisco Mine and other highly prospective mineral properties located in Sonora and in Chihuahua. The primary strength of the Company is the team of highly experienced mining professionals with a proven track record of developing properties in Mexico from discovery to production. Magna employs community members and services in its operations.

ON BEHALF OF THE BOARD OF DIRECTORShttps://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

Arturo Bonillas

President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements

This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, risks related to the effects of COVID-19 on the Company; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Categories
Base Metals Breaking Energy Exclusive Interviews Junior Mining Precious Metals Project Generators Uncategorized

VOX Royalty – Massive Portfolio Consisting of 8,000 Royalties

Maurice Jackson:

Joining us for conversation is Kyle Floyd, the CEO and Chairman of Vox Royalty (TSX.V: VOX | OTCQX: VOXCF). Sir, it’s a pleasure to speak with you today, as we deep dive into the value proposition of Vox Royalty, which offers a smart way to invest in commodities. Before we begin, Mr. Floyd, please introduce us to Vox Royalty and the opportunity the company presents to shareholders.

Kyle Floyd:

Vox Royalty Corp has been around since 2014. Our business model focuses on buying third-party royalties, which we believe is the most value-enhancing way to play the commodity sector. And so, we have built what is the fastest-growing royalty company on the planet. We also believe one of the royalty companies trading at the most attractive valuations, and we have a management team and business entirely engaged and finding deep value by buying these third-party royalties all around the world.  And we’ve been very, very successful in building Vox Royalty for our investors over the last eight years.

Maurice Jackson:

Before we take a step forward, let’s take a step back. What are some of the merits of royalty companies for shareholders?

Kyle Floyd:

Well, royalty companies offer a better risk-adjusted way to play commodity exposure. And there are a couple of key reasons for that. Royalties typically are revenue interests essentially that run with the mining assets. And so you take a top-line percentage interest in these projects. You’re not exposed to a lot of the costs and the risks that these mining companies face, which can be quite significant. If there’s a cost overrun, the royalty company gets to continue to generate its revenue from the project without having to fund any of the projects or being diluted. If that underlying entity needs to raise capital.

The other costs that the mining that the roads and conveys are not associated with the mining companies face are the general input costs, the variable cost structure, whether it’s for fuel people, you name it, all the inputs that go into mining companies, all those costs are increasing and royalty companies are exposed to that.

The other benefit, then, on the upside is there’s a lot of diversification you get from royalty companies. Vox Royalty has 5 production stage assets going to 10 production stage assets and beyond means that we’re diversified across a suite of assets. And so we don’t have single asset risks that you have in a lot of mining companies. So a lot less risk, but a lot of the same upside, if not better upside that you realize in mining companies in the form of metal prices going up helps increase the value of royalty companies, increase in production, increases in reserves, increasing resources. All of that goes to fuel royalty company growth. And we’re not on the hook for any of those costs in terms of building out those assets further. So that’s a quick synopsis on why we’re so bullish on royalties and we believe that’s backed up in the market as well to companies that outperform for the better part of the last two decades.

Maurice Jackson:

One of the virtues of royalty companies, several embedded optionality. And speaking of royalties, to truly appreciate the value proposition of Vox Royalty, Mr. Floyd, what is a royalty juxtaposed to a stream? We hear those terms often, but they get co-mingled, but they’re not the same.

Kyle Floyd:

That’s a great question. Royalties are these third-party interests. So, interest not held by the operating party of the mining company, they’re the prospector or the junior mining company or the family that owned a ranch that sold the asset eventually to the mining company and typically retained a royalty, which was that right in the upside of revenue generated for these mines typically for the life of those mines. A stream is a structure where you’re typically financing a mining company, and the counterparty is the mining company. You’re giving them capital and in return, you are taking a percentage of a certain metal that’s generated from that opportunity.

And you’re continuing to remit payments to get that metal over the life or over the term of that commercial arrangement. The big difference is typically on streams. You’re giving money to a mining company, so you need them to meet capital versus our royalty model. We’re not giving money to the mining company. We’re purchasing a right held by a third party. And typically those are non-core assets for these groups. Therefore, we’re not restricted by mining companies needing capital to find really interesting deals for our investors.

Maurice Jackson:

Now that we have a better understanding of the merits of royalty companies, Mr. Floyd, what differentiates Vox Royalty?

Kyle Floyd:

There are a few things that differentiate Vox Royalty and we built a business model to be differentiated, to offer better risk-adjusted exposure for investors. And one of the key differentiators is we focus exclusively on buying third-party royalties. We don’t compete at the big end of town trying to finance multi-billion dollar projects with streams. Our niche is finding third-party royalties all over the globe. We have a database that has 8,000 proprietary royalties that provide us a roadmap for finding great royalties in jurisdictions that range from West Africa to Australia, to North America, to South America. And we use a technical team made up of mining engineers and geologists that help screen for good projects that have these amazing royalties over them. And then we connect with these owners of these projects, with our deal sourcing agents all around the world to be able to transact on these opportunities.

Vox Royalty built this ecosystem, this business model around finding third-party royalties, where we think the best value is generated. And if you look at the historical returns of the Franco’s and the Royals, that’s where they’ve generated the best returns, buying these third party royalties, much less the streams and the financing of mining companies that have been completed over the last decade. That being said, they performed very, very well overall. And so that is our business model. Third-party royalties finding amazing assets with great royalties over them, all around the world. And those three kind of key pillars of that stool, the deal sourcing agent network that I think goes farther than probably anybody in our range, the technical team, and intellectual property in the form of a database. And all those combined to make us what has been the fastest-growing royalty company. And I believe also at the best value over the last three years.

Maurice Jackson:

Speaking of the database, Vox Royalty owns one of the world’s largest proprietary royalty databases, consisting of over 8,000,  most of which are located in Australia, Canada, and the USA. Mr. Floyd, please introduce us to Vox Royalties property bank.

Kyle Floyd:

It’s a very exciting asset for us, and it’s a huge competitive advantage. Our database has been built over the better part of the last 10 years. Vox was building our database and building our intellectual property. But one of the things that we were acutely aware of is there was the potential that someone was farther ahead of us in terms of this effort to build out proprietary advantages in finding third-party royalties. And sure enough, there was a company that was farther ahead, and that was a company called Mineral Royalties Online.

So they had, at that time, it was a database of 7,000 third-party royalties in their database, all around the world. They had built this database bottoms-up through first principles and first-party data. They went into different mining ministries and exploration offices all around the world and made deals to essentially get this hard copy data and then translate that into data that was online. And so we purchased that database in 2019, that has underpinned a lot of our success and our growth rate. And so that database gives us an edge all around the globe in terms of finding these third-party royalties and being able to transact and closes and bring those into the portfolio.

Maurice Jackson:

I see that Vox has undertaken a keen interest in Australia. Why Australia?

Kyle Floyd:

Well, there’s not just one reason for Australia. There’s a lot of reasons for us in Australia. Australia is, and we’re slightly biased, but it’s also backed up by a lot of the third-party rating agencies, is one of the best, if not the best, mining jurisdictions on the planet. According to the Fraser Institute, Western Australia, which is home to most of our royalties, is the best mining jurisdiction. Investors understand the value of Nevada royalties because Australia is a better mining jurisdiction, in our opinion. We believe Australia is the place that you want to have significant exposure to, complimented by our IP, which has a very strong basis in Australian royalties, and technical team, three of our four key Business Development Executives are also Australian citizens. We understand what we believe is the best major mining market, as well as anybody, if not better than anybody else.

We’ve accumulated what is now the second-largest holding of hard rock mining royalties in Australia. And that’s significant because Australia, beyond just being a fundamentally great jurisdiction with great golden endowments, it has had a very buoyant gold price in Aussie dollar terms. It’s been trading at almost all-time high prices in Aussie dollars for the last almost four years. And so what’s happened is a lot of the exploration development projects that we forecasted would do well have exceeded expectations because the buoyant equity markets have allowed these companies to raise as much capital as needed to advance these projects. And so it’s been a huge boon to our business in terms of the growth of assets already in the portfolio, and having them grow ahead of expectations and realizing tremendous value for our investors. And so, us picking Australia as a place to focus on has paid off for our shareholders.

Maurice Jackson:

Sounds quite intriguing. Now within the property bank, Vox Royalty has producing assets and a pipeline of growth assets. Sir, please acquaint us with your top three key producing assets beginning in Australia.

Kyle Floyd:

This year we acquired the Janet Ivy, and we were engaged on it before it goes back into production. It’s now in production, but it has a huge expansion plan ahead of it, which we expect to take place late next year and that’ll make it a very, very significant cash flow for us. We also have the Koolyanobbing Royalty, which we bought from a telecom business, If you can believe that. It was held in one of their subsidiaries for a very long time, and we’re engaged on a pre at going into production.

That’s had a huge run and huge growth, obviously with the iron ore up in prices. And then we also have a host of other royalties that are in production, Coure Resources, Higginsville operations. We have three open-pits that feed that mill. And so that’s been running at a record pace for us. And then one that we’re excited about is the Segiolola Project that we bought pre-production. It is the highest-grade open-pit gold project in West Africa, and they just announced the first gold pour. So we expect to see revenue from that asset in Q4. So really a tremendous amount of growth in our portfolio from producing and production stage assets.

Maurice Jackson:

We’ve covered the key producing assets. Sir, please introduce us to the growth assets of your property bank.

Kyle Floyd:

I could go on for days about our growth assets. I’ve got to work hard to kind of narrow it down for the readers. I’ll name a couple that I’m excited about. The Ashburton is one. When we bought that royalty, which was in the portfolio of Northern Star. It was a little bit sleepy, but we saw a huge potential in the asset. And what we believed would eventually happen was that other Northern Star would start upping the development curve on this and the timeline on it, or it would transact to a more nimble junior. And sure enough, that happened just a few months after the acquisition of this royalty. The Ashburton is a 1.65 million-ounce gold resource in Western Australia. It’s owned by Calamos Resources now. They’ve got 12,000 meters of drilling going on and their target is three plus million ounces for this asset. So that’s a really exciting NSR royalty for us.

The other one that I’m excited about is The Bowdens Project, which is the largest developing primary silver project in all of Australia. It’s got great fundamentals. The Bowdens Project is an open-pit that’s now exploring the very strong potential to go underground either after the open-pit is exhausted or contemporaneous with open-pit mining. And that is a royalty that has a very multi-decade mine life potential. So those are a couple of the key development stage assets that we’re excited about.

We also have a host of royalties that are going to be coming into production in the very near term. The Pitombeiras is a Vanadium Project in Brazil that they are expecting to come into production in the first half of next year. The Bulong Gold Project is a development stage, production stage asset that’s expected to go into production in mid, next year, over Western Australia Gold Project. And then there’s many more that we can get into without belaboring the point that we have a tremendous amount of growth assets. We have 20 plus development-stage assets, many of which are aggressively moving forward. So it’s a fantastic portfolio of assets with real growth in front of it that’s being delivered to the market every quarter. And that’s increasing value for shareholders.

Maurice Jackson:

Realizing this is a forward-looking statement. We’re going to get into some members later in this discussion, but how much revenue potential is before us under the current market conditions, if we combine the producing and the growth assets?

Kyle Floyd:

And it’s very much a forward-looking statement. I would caution on that. We’ve done a fantastic job of finding royalties 3 to 24 months out before production, where we find the really good value we’re able to bring in those assets that are good fits within our portfolio. We take away the risk from the disparate holders of these third-party royalties all around the world on their non-core assets. So there’s risk asymmetry. They fit better in our portfolio. They don’t fit as one-off assets. And so we’re able to find really good value all around the world, finding these near-production assets. We came out and I think we’ve validated that business over the last 12, 18 months. We recently doubled revenue guidance. We’ll probably talk about that more, but that’s really on the basis that we’re finding these royalties pre-production and then allowing them the time. And usually, it’s not a very long time to go to get into production.

And so when we step out and look at our portfolio, I believe that there’s $15 to $20 million of long-life revenue potential in the portfolios. There’s reason for tremendous upside on that number as well. And that there are 15, 20 exploration stage assets. Some that are generating bonanza grade drill hits are increasing the possibility that those are going to become mines. So very active exploration projects that would kind of fuel growth on top of that. But I believe it’s one of the most undervalued royalty portfolios out there as very strong potential to generate that type of cash flow over the medium and long term. But again, I caution that it was a forward-looking statement. Those are numbers based on operator guidance. They’re based on the technical engineering studies that, that coincide with these assets. But we feel very good about the revenue-generating capability of this portfolio.

Maurice Jackson:

Now germane to revenue, how do mergers and acquisitions impact your portfolio?

Kyle Floyd:

Vox Royalty has a very disciplined approach to acquisitions. We have not the best of our knowledge have not won a single royalty in a sales process. Most royalty companies, in fact, almost all royalty companies, have been growing their business by winning sales processes. So that’s royalties that are being shopped by investment banks and they’re paying top dollar pretty much in every scenario to bring those royalties in the portfolio. What we do is we’ve built a business around finding, these third-party royalties, and disparate shareholders all around the world where these are non-core assets. And so we’ve been able to transact it a really good value. We’re very disciplined on what good value looks like. It has to be accretive across kind of three different key metrics: absolute return on investment basis, relative net asset value, and relative cash flow multiples. Most royalty companies cannot stack up to what Vox is accomplishing in terms of acquisition that’s bringing in across those three metrics. Usually, one, if not two, if not all, three of those metrics break down when other royalty companies are purchasing third-party royalties like we are.

Maurice Jackson:

Now, before we leave the property bank. The multilayered question, what is the next unanswered question for Vox Royalty? When can we expect a response and what will determine success?

Kyle Floyd:

Well, the next step for Vox is we continue to invest in our loyalty database. We will continue to build on that competitive advantage. It’s fueled a lot of our growth and given us a huge leg up on the competition. So we continue to invest in that asset for us, we continue to expand our relationships around the globe. We are finding interesting royalties from Australia to South America, to West Africa and everywhere, pretty much in between. And so, from Vox and what you’ll continue to see on us is expanding on that competitive advantage, expanding on the capability to find really good value for our investors on really exciting projects, where our mining engineers and our geologists understand the quality of those assets so that your readers and the generalist audience out there does not have to do that work. And I think that’s a big advantage that we present for investors is this competitive advantage, that’s good to find a good value.

Maurice Jackson:

Leaving the property bank. Let’s discuss the people responsible for increasing shareholder value. Mr. Floyd, please introduce us to your management team.

Kyle Floyd:

I’m excited about our management team, we’ve handpicked and recruited the management team that we have to fill the roles that we believe needed to be filled over the years to create shareholder value. I founded the concept back in 2013, 2014, and with the belief that we needed to have competitive advantages and skillsets that increase shareholder value and the capability to do so. And so, a few of our key management team members, Spencer Cole is our Chief Investment Officer with a background as a mining engineer, previously worked at South 32 and BHP, and BHP is where the Mineral Royalties Online business, the inspiration was found. Riaan Esterhuizen, who is one of our Executive Vice-Presidents out of Australia. Riaan’s a geologist, Riaan’s led some of the most interesting grassroots exploration campaigns for the who’s who of majors. They went about building Mineral Royalties Online. They built that business. They came into Vox and we acquired that business. And that’s been a huge part of our success. Simon Cooper has been with us for a very long time. Simon’s a mining engineer, a geologist, entrepreneurial, and brings a significant amount of technical capability. He’s worked with some of the most interesting projects all around the world, but also has a very good skill set in terms of finding acquisitions to bring in those acquisitions into our portfolio. And then we have a great CFO in Pascal Attard, and a great General Counsel in Adrian Cochrane. So we believe that we’ve built one of the most exciting and capable management teams in the small-cap royalty space. And it’s a huge asset for our business and our investors.

Maurice Jackson:

And here’s an opportunity to brag on yourself, who is Kyle Floyd, and what makes him qualified for the task at hand?

Kyle Floyd:

It’s always hard to talk about yourself. I’m supposed to be talking about others. But just a little bit about my background. I ran the Mining Investment Banking Division for a firm called Roth Capital. And the inspiration to build Vox was around helping mining companies raise capital, but then seeing that capital not get deployed in the right means and the right ways. And at the end of the day, not generating great risk-adjusted results for investors. And so I’d advise multiple companies on selling streams and royalties and acquiring streams and royalties.

And I believe that was the best business model for the generalist investor to get exposure to commodities. And I went about building a business model for investors, by investors? We started with a seven and a half million dollar investment and began building this company around generating better risk-adjusted returns in the commodity sector. And we’ve been very successful at doing so. And so that’s a little bit of my background. I graduated in Finance from the University of Washington, then a stint at Colorado School of Mines in the Mineral and Energy Economics Department, but a business built around achieving great risk-adjusted returns for our investors.

Maurice Jackson:

Switching gears, let’s look at some numbers, Mr. Floyd, please provide the capital structure for Vox Royalty.

Kyle Floyd:

Vox Royalty has a tight share structure of 39 million shares issued. We, when we went public in May of last year, we had to forward split the stock, which I would tell you, is almost an anomaly in the resource sector. We have 5 million warrants outstanding, at this stage they have a strike at $4.50, which is out of the money as we speak today, and no debt and a very, very strong working capital position. Vox is very well-financed. We have a tight capital structure. We have no intentions of going back to the equity markets anytime soon, and we will continue to be able to build our asset portfolio combination of debt and strategic acquisitions and minimize dilution in doing so. So I’m excited about where our capital structure is today for investors. I think it’s a very unique opportunity from that perspective,

Maurice Jackson:

Who are some of the major shareholders?

Kyle Floyd:

We’ve done a pretty good job of cultivating a nice institutional shareholder base. Management owns 15%. The founding investors own another 15% to 30%. And then we’ve got a nice institutional shareholder roster made up of Konwave, US Global, Adrian day, EuroPacific Gold Fund, and many others that have taken positions in us over the last year and a half.

Maurice Jackson:

In closing. Mr. Floyd, for current and prospective shareholders, why Vox and why now?

Kyle Floyd:

Vox, I believe is a tremendous opportunity emboldened by the fact that we are trading at the very low end, the relative valuation spectrum versus our peers. If you look at some of our closest comps, I’ll refrain from naming them, but they’re trading at multiples of our relative valuation. Yet we’re growing faster, we’re growing at a better value. We’re growing with better fundamentals. And we have competitive advantages that a lot of the industry wishes that they had. And so I believe we’re a tremendous growth opportunity. There is a lot lower risk given our lower relative multiple. So the risk of return upside, I think is there. We’re very optimistic about what we’re going to be achieving for investors over the immediate future and the long term. You have a management team that’s committed to the success of this business owning 15% combined. We look at this as solely an opportunity to create long-term shareholder wealth. And I think our business model is achieving that for our shareholders every day.

Maurice Jackson:

Last question. What did I forget to ask?

Kyle Floyd:

I think we’ve covered just about everything, and it’s really about finding the best risk-adjusted way to play commodities. That’s why we’re here. I believe we’re offering that for investors. We’ve continued to demonstrate that with our recent quarterly results and investors expect more of that as we continue to progress and build this business. And what I believe is realized a re-rating for our shareholders. And even if we don’t, we’re going to continue realizing and create value for our shareholders, and it should also be reflected in the share price and our share value at the end of the day.

Maurice Jackson:

Mr. Floyd, for someone that wants to learn more about Vox Royalty, please share the contact details.

Kyle Floyd:

Absolutely. Voxroyalty.com. We’re on all the social media channels as well. We are happy to engage. There’s also, IR@voxroyalty.com. Please, feel free to be in touch. We love engaging with our investors, and we’ll be happy to share more information.

Maurice Jackson:

Mr. Floyd, it’s been a pleasure to speak with you. Wishing you and Fox Royalty the absolute best sir.

And as a reminder, I am a licensed representative to buy and sell precious metals through Miles Franklin Precious Metals Investments, where we have several options to expand your precious metals portfolio, from physical delivery of gold, silver, platinum, palladium, and rhodium, to offshore depositories, and precious metals IRA’s. Give me a call at 855.505.1900 or you may email: Maurice@MilesFranklin.com.  Finally, please subscribe to www.provenandprobable.com, where we provide: Mining Insights and Bullion Sales, subscription is free.

Categories
Breaking Energy Exclusive Interviews Precious Metals

Lakewood Exploration – Silver Strand 43-101, Exploration, Adds 2 Silver Projects in Nevada

Maurice:

Joining us for conversation is Morgan Lekstrom, the president of Lakewood Exploration (CSE: LWD | OTC: LWDEF).  Glad to have you join us today, as Lakewood Exploration has been busy on several fronts in its resolve to become the next pure silver play in the United States. Sir, I understand you have several updates for us regarding the release of the 43-101 on the flagship Silver Strand, along with exploration successes, portfolio expansion, and pending catalysts. Before we begin, Mr. Lekstrom, please introduce us to Lakewood Exploration and the opportunity the company presents to shareholders.

Morgan Lekstrom:

Lakewood Exploration was listed on the stock exchange, the Canadian securities exchange four months ago. We’re a newly formed silver company with what we call a triple-pronged approach, where we look to have a large exploration payoff, near-term production potential, and meaningful acquisitions. We have three assets in the United States, one in Idaho in the prolific Silver Valley, two in Nevada, in the Silver Alley, which are all high-grade, past-producing mines. We have a very tightly held share structure with just under 50 million shares out and only 37.6 of them on the market right now. A lot of room to grow as a company and large exploration payoff for shareholders.

Maurice:

Mr. Lekstrom, let’s get right to it. Take us to Idaho, to the flagship Silver Strand, where Lakewood exploration has a pending NI 43-101. Lakewood has just provided the market with some important updates. What can you share with us?

Morgan Lekstrom:

Lakewood Exploration is very exciting about Silver Strand. We just finished the 43-101 and in the filing process, and we are looking forward to moving into exploration. Our plans right now are being enacted. We’re actively in our existing underground. It was always called a historic underground, but we’re actively in there. Finished rehabilitation and now we’re moving into mining the Silver Strand for creating an exploration cutting. We’re looking to get in there, drove right from the underground and from surface. Still planning and drilling to 2,700 meters. That in conjunction with the 43-101, in conjunction with what we’re looking at for our drill program and our surface programs, it’s leading for pretty exciting times at Silver Strand.

Maurice:

Speaking of that drill program, you’re going underground and near-surface. Talk to us about the method first. Are you going underground first or near-surface?

Morgan Lekstrom:

We’re working on getting into our underground. We have a mining crew in there right now creating that new drill bay, a more strategic drill location for hitting the ore body at deeper depths and at better angles. We’re looking at mobilizing that drill crew in there in September, by the end of the summer, and just waiting and looking at strategic targets for the surface program as well.

Maurice:

Now, I realized the labs are backed up and you’re just beginning. But do you have any anticipation of when the market may receive the next set of assay results?

Morgan Lekstrom:

I think you’ll be pleasantly surprised.

Maurice:

We’ll read into that one just as it is, sir.

Morgan Lekstrom:

Exactly.

Maurice:

All right. Leaving Idaho, let’s visit Nevada, where Lakewood Exploration is looking to further extend its footprint in two project acquisitions. Sir, what can you share with us?

Morgan Lekstrom:

Lakewood Explration is working on two transformative acquisitions which are the Eliza Silver Project and the Silverton Mine. I think we’ve touched on them before, Maurice, around Eliza and Silverton, Eliza being that prolific Hamilton historic area, 1860-1870 mine, 40 million ounces out of the area. Very high-grade. One of the mines on our claim block had 5,600 to 18,500 thousand grams per tonne silver, mineralization across surface, had no modern exploration done. We’re coming up with exploration plans there right now.

Lakewood has hired a separate geologist for this work so that we’re keeping focused on all three assets in the right way. Silverton being up in Nevada as well. These are all in that Tonopah to Ely area. A lot of prolific mine around there. Round Mountain is one of them. The Silverton mine itself exhibits the same infrared ASTER signatures as Round Mountain. We have some very good geology work that was preliminarily done to the transaction, as well as this is a past-producing silver mine of 933 grams a ton in the 1930s. Again, similar geology to Eliza. There’s an ability there to utilize the exploration techniques, as well as having a large exploration payoff between the two for our shareholders.

Maurice:

It sounds like a lot of blue sky potential there, sir. When will the transaction become finalized?

Morgan Lekstrom:

We’re looking at doing that most likely this week.

Maurice:

Talking about full speed ahead.

Morgan Lekstrom:

We are. Like I said four months ago, where we were to where we are now, it’s pretty transformative.

Maurice:

Now, once the transaction has been consummated, how will you leverage the intellectual capital that is onsite for both projects?

Morgan Lekstrom:

I’m glad you brought that up. I’m heading down to Nevada with the gentlemen that we transacted with Dave Forest, and we’re going to be putting in our boots on the ground with a geologist that we just hired. We’re going to get that tribal knowledge transfer right away. We’re going to make sure we have a concrete plan. I have that geologist already starting.

He’s already heading down there right now to put boots on the ground and get his feet wet down there, or as they say in Nevada, keep your feet dry, and come up with that methodical plan, utilizing that knowledge in the background. We want to make sure that when we are coming up with drill targets, that they’re utilizing these old existing mines. There’s uniform mineralization in that old California mine. We’re able to see maybe a little more info than what just a standard exploration project allows us.

Maurice:

Now, before we leave the property bank, multilayered question, what is the next unanswered question for Lakewood Exploration? When can we expect a response, and what will determine success?

Morgan Lekstrom:

The real catalyst will be getting underground at Silver Strand and getting modern exploration going on Eliza and Silverton. We’re well on our way to doing both.  I need to highlight that four months ago, we vended in Silver Strand and we were able to take that from having almost a very bare-bones plan to re-opening our underground, starting to blast as of today, and putting an underground drill program and a surface program together within four months is pretty impressive for the team. A true demonstration of our geological and business acumen. 

Maurice:

Switching gears, let’s look at some numbers. Sir, please provide us the capital structure for Lakewood Exploration.

Morgan Lekstrom:

With vending in Eliza and Silverton, we’re at 37.4 million shares outstanding. We have 2.7 million options, 7.8 million warrants, and then fully diluted sets us right around 44.9 million shares. Tightly held about. 42% insider held right now. A lot of room to grow. As we grow these assets, as we grow our share structure, there’s a lot of value to be seen there for shareholders.

Maurice:

Before we close, Mr. Lekstrom, what would you like to say to shareholders?

Morgan Lekstrom:

Stay tuned. We feel there are some real exciting times are happening in silver space and Lakewood Exploration portfolio expansion with key assets in two of most prolific silver states and silver places to mine in the world, in Nevada and Idaho is exciting. We are looking forward to getting the results out as we get them, but also coming up with these plans for Nevada. Stay tuned to what we’re doing.

Maurice:

Last question, what did I forget to ask?

Morgan Lekstrom:

I think you covered it.

Maurice:

Mr. Lekstrom, for someone that wants to learn more about Lakewood Exploration, please share the contact details.

Morgan Lekstrom:

www.lakewoodexploration.com

Maurice:

Mr. Lekstrom, it’s been a pleasure to speak with you. Wishing you and Lakewood Exploration the absolute best, sir.

And as a reminder, I am a licensed representative to buy and sell precious metals through Miles Franklin Precious Metals Investments, where we have several options to expand your precious metals portfolio, from physical delivery of gold, silver, platinum, palladium, and rhodium, to offshore depositories, and precious metals IRA’s. Give me a call at 855.505.1900 or you may email: Maurice@MilesFranklin.com.  Finally, please subscribe to www.provenandprobable.com, where we provide: Mining Insights and Bullion Sales, subscription is free.

Lakewood Exploration | CSE: LWD |
Website: https://lakewoodexploration.com/
Silver Strand: https://lakewoodexploration.com/silver-strand/
Corporate Presentation: http://lakewoodexploration.com/wp-content/uploads/2021/08/Lakewood-Exploration-Investor-Presentation-August-2021-FINAL-.pdf
Twitter: https://twitter.com/silverhmr
Contact: 604.908.1695

Lakewood Exploration is focused on building a multi mine silver production company. Its growing asset portfolio includes the recently acquired past-producing Silver Strand and Burnt Cabin mines located in the renowned Coeur d’Alene mining district in Idaho, USA, one of the most prolific silver districts in the world and the earlier stage Lacy Gold-Silver project in British Columbia, Canada.

The Silver Strand Project

  • The Silver Strand Mine has a 5.5km strike length in the Coeur d’ Alene mining district in Idaho.
  • Located in North Idaho’s Silver Valley along Interstate 90.
  • The district is known for its depth potential with numerous deposits and has produced over 1.2 billion ounces of silver.

Lakewood Exploration is partner and we are shareholders.

Categories
Breaking Emx Royalty Energy Precious Metals Project Generators

EMX Completes Final Closing on the Royalty Acquisition on the Caserones Copper-Molybdenum Mine in Northern Chile

Vancouver, British Columbia–(Newsfile Corp. – September 3, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company“, or “EMX“) is pleased to announce that it has completed the second and final closing under the agreement to acquire an effective 0.418% Net Smelter Return (“NSR“) royalty on the operating Caserones Copper-Molybdenum Mine (the “Caserones Royalty“) located in northern Chile for US$34.1 million in cash (see EMX news releases dated August 17 and August 23, 2021).

As previously reported, EMX formed a 50%-50% partnership with Altus Strategies Plc (AIM: ALS) (TSXV: ALTS) (OTCQX: ALTUF) (“Altus“) to acquire an effective 0.836% NSR royalty for US$68.2 million. EMX and Altus now each control an effective 0.418% royalty interest and each were responsible for US$34.1 million of the purchase price. EMX and Altus have formed a Chilean company, Minera Tercero, Spa (“Tercero“), of which EMX and Altus each own 50%. Tercero agreed to purchase 43% of the issued and outstanding shares of an underlying royalty holder, Sociedad Legal Minera California Una de la Sierra Peña Negra (“SLM California“), through a Share Purchase Agreement with 16 shareholders of SLM California to acquire ownership of 43% of SLM California’s issued and outstanding shares, and thereby indirect ownership of 43% of SLM California’s 1.944% NSR royalty interest in the Caserones property (i.e., a 0.836% NSR royalty interest, held as 0.418% by EMX and 0.418% by Altus).

Under the first closing, Tercero acquired 33% of SLM California for US$52.3 million. The second and final purchase of the remaining 10% of the shares of SLM California has now been completed for US$15.9 million.https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

The acquisition of the Caserones Royalty is expected to provide immediate enhancement to EMX’s royalty cash flow and to secure long-term proceeds from copper and molybdenum production in one of the world’s top mining regions.

Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company, has reviewed, verified, and approved the disclosure of the technical information contained in this news release.

About EMX. EMX is a precious, base and battery metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”, as well as on the Frankfurt exchange under the symbol “6E9”. Please see www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
SClose@EMXroyalty.com

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
Ibelger@EMXroyalty.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain “forward looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding completion of the second closing of the Caserones royalty purchase, , expected cash flows from EMX’s interest in the Caserones royalty, perceived merits of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential”, “upside” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: failure of the vendors under the Share Purchase Agreement to perform their obligations, fluctuations in or problems with production from the Caserones mine, unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors. It is possible EMX may not complete the transaction, as a result of failure to fulfill conditions of closing, unavailability of financing or for other reasons EMX cannot anticipate at this time.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended June 30, 2021 and the year ended December 31, 2020 (the “MD&A”), and the most recently filed Revised Annual Information Form (the “AIF”) for the year ended December 31, 2020, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.

Categories
Junior Mining Precious Metals

Lakewood Exploration Closes the Transaction to Acquire the Eliza Silver Project in the Historic Hamilton District and the Silverton Silver Mine in Nevada’s Prolific “Silver Alley”

VANCOUVER, British Columbia, Sept. 03, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration Inc. (CSE: LWD) (the “Company” or “Lakewood“) is pleased to announce that, further to its news release of August 9, 2021, it has completed the transaction (the “Transaction”) to acquire 100% of the issued and outstanding shares of BCCO 1304562 B.C. Ltd. (“BCCO”), including 100% interest in the Eliza Silver Project and the Silverton Silver Mine Eliza Silver Project and Silverton Silver Mine.

“With the closing of this transaction, our exploration team is now able to commence an initial geological program to identify high priority targets at both of these assets, neither of which have been explored using modern exploration methods such as geochemistry and geophysics,” stated President, Morgan Lekstrom. “The existing historic underground workings, historic production and sampling results outline numerous areas of surface mineralization, which will be our initial focus as we continue our data-driven approach to expanding target areas.”

About Lakewood Exploration Inc.https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

Lakewood Exploration Inc. is a junior resource company advancing the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The Company is rapidly advancing towards an initial drill program at Silver Strand with the aim of defining a large silver resource within a belt that has produced more than 1.2 billion ounces of silver to-date. Geologic studies indicate that the Silver Strand Mine is hosted by the Revett formation, suggesting the potential for significant down dip extensions as demonstrated by other major mines in the district. Previous operators were solely interested in developing the known shallow mineralization, with the mine’s lowest level extending only 90 meters below surface. Lakewood strives to become a multi-mine silver producer.

On Behalf of the Board of Lakewood Exploration Inc.

Morgan Lekstrom, President

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
Contact: Kristina Pillon, President, High Tide Consulting Corp.
604.908.1695 / investors@silverhammermining.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has not in any way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.

The securities to be issued in connection with the Proposed Transaction have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the Company’s ability to complete the Proposed Transaction on the terms announced or at all. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.

Categories
Base Metals Energy Junior Mining

Glencore Nominee Appointed to Board of Hot Chili

Hot Chili Limited (ASX: HCH) (OTCQB: HHLKF) (“Hot Chili” or “Company”) is pleased to confirm the appointment of Glencore’s nominee, Mr Mark Jamieson, to the Board of Hot Chili.

Mr Jamieson is currently General Manager Resource Engineering for Glencore’s global copper asset group leading technical support and governance in geology, mine engineering and asset optimisation for development projects, operations and JV’s.

Mark’s appointment follows Glencore’s investment to acquire a 9.99% shareholding in Hot Chili through the Company’s recent A$40 million capital raising, as announced to the Australian Securities Exchange (ASX) on 6th August.

Mark brings 20+ years of technical and project experience in open pit and underground operations, including sub level and block cave mines with Newcrest, MMG and Barrick Gold across Australia, Africa, South East Asia and South America.

Mark holds a bachelor’s degree with honours in Geotechnical Engineering from RMIT University, and a Masters of Engineering Science in Mining Geomechanics from The University of New South Wales.

The Directors welcome Mark’s appointment and look forward to the addition of his strong skillset and experience to the Board of Hot Chili.

To access the announcement please click on the link below.

Download full announcement here

Cortadera Copper Project

Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company. 

The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.

View the Cortadera Project

Hot Chili Limited
Head Office (Perth)
First Floor, 768 Canning Highway,
Applecross, Western Australia 6153

P: 08 9315 9009

Categories
Base Metals Energy Junior Mining Uncategorized

Executive Studies Manager Appointed to Lead Costa Fuego Copper-Gold PFS

Hot Chili Limited (ASX: HCH) (OTCQB: HHLKF) (“Hot Chili” or “Company”) is pleased to confirm the appointment Mr John Hearne in the role of Executive Studies Manager. 

Mr Hearne will be responsible for driving the Company’s Costa Fuego Pre-feasibility studies (PFS) and managing all aspects of the Company’s development group.

Mr Hearne is a mining engineer with over 35 years’ experience spanning production roles to executive directorships with leading mining and consulting companies including Snowden, Wood (Amec Foster Wheeler), Coffey Mining, BHP Billiton, North Ltd, Henry and Walker, and Mount Isa Mines.

Mr Hearne’s appointment significantly strengthens Hot Chili’s executive management team by adding expertise in managing all facets of mining projects from early-stage studies through to full scale operations for both underground and open cut mines.

Mr Christian Easterday, Managing Director of Hot Chili, said

“The Board would like to welcome John to the leadership group of our Company.

We look forward to John’s strong contribution as we continue to evolve and expand our capabilities toward establishing Hot Chili as an emerging major copper miner in the coming years.”

To access the announcement please click on the link below.

Download full announcement here

Cortadera Copper Project

Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company. 

The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.View the Cortadera Project

Categories
Junior Mining Precious Metals Uncategorized

Lakewood Exploration Prepares for Phase 1 Drill Program with Underground Rehabilitation Now Underway at the Silver Strand Mine

Figure 1

Underground scoop moving blasted rock at Silver Strand
Underground scoop moving blasted rock at Silver Strand
Underground scoop moving blasted rock at Silver Strand

Figure 2

Underground drilling underway to establish new drill bay at Silver Strand
Underground drilling underway to establish new drill bay at Silver Strand
Underground drilling underway to establish new drill bay at Silver Strand

VANCOUVER, British Columbia, Sept. 01, 2021 (GLOBE NEWSWIRE) — Lakewood Exploration Inc. (CSE: LWD) (the “Company” or “Lakewood“) is pleased to announce that it has engaged Coeur d’Alene Mining Contractors to perform minor rehabilitation work ahead of a Phase I drill campaign, which is expected to commence in the coming weeks at the Company’s flagship past-producing Silver Strand Mine in the Coeur d’Alene mining district of Idaho.

The contractor will bring the mine into United State Mine Safety and Health Administration (MSHA) compliance, complete rehabilitation works, develop 45 feet of underground drift (see Figure 1) and open up a 15-foot by 15-foot drilling bay (see Figure 2) to allow for an underground exploration drill to efficiently and more accurately test the potential orebody and its depth potential.

Lakewood is on track to commence its Phase I, 2500-3000 metre drill program at Silver Strand before the end of Q3/2021, which will include both underground and surface core drilling.

“The underground rehab work brings this historical mine area into MSHA compliance, while concurrently establishing a more cost-effective way to test the depth potential at Silver Strand through underground drilling,” stated President, Morgan Lekstrom. “This rehab work will also provide us with future drilling and potential development opportunities as we define the depth and plunge of the orebody and surrounding sub-parallel veins. We believe the depth potential beyond the 90-metre level where historical mining concluded is significant, and we look forward to initiating our inaugural drill program at the Silver Strand Mine in the coming weeks.”

https://www.globenewswire.com/NewsRoom/AttachmentNg/047b2d3a-217d-4054-9eca-9b45f53109ee

Figure 1: Underground scoop moving blasted rock at Silver Strand

https://www.globenewswire.com/NewsRoom/AttachmentNg/0257f09b-a253-4270-a83c-39453e0c8669

Figure 2: Underground drilling underway to establish new drill bay at Silver Strand

About Lakewood Exploration Inc.

Lakewood Exploration Inc. is a junior resource company advancing the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The Company is rapidly advancing towards an initial drill program at Silver Strand with the aim of defining a large silver resource within a belt that has produced more than 1.2 billion ounces of silver to-date. Geologic studies indicate that the Silver Strand Mine is hosted by the Revett formation, suggesting the potential for significant down dip extensions as demonstrated by other major mines in the district. Previous operators were solely interested in developing the known shallow mineralization, with the mine’s lowest level extending only 90 meters below surface. Lakewood strives to become a multi-mine silver producer.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s properties.

On Behalf of the Board of Lakewood Exploration Inc.

Morgan Lekstrom, President

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
Contact: Kristina Pillon, President, High Tide Consulting Corp.
604.908.1695 / investors@silverhammermining.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has not in any way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.