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Junior Mining Lion One Metals Precious Metals Uncategorized

Lion One Provides Update on Tuvatu Operations in Fiji, Grants Options

North Vancouver, British Columbia–(Newsfile Corp. – January 18, 2024) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to provide an update on ongoing operations at the company’s 100% owned Tuvatu Alkaline Gold Project in Fiji.

Lion One Metals’ Chairman and CEO Walter Berukoff stated: “2023 was a year of noteworthy accomplishments for Lion One Metals. Within one year we have gone from pouring concrete to pouring gold. We built the entire processing plant at Tuvatu within one year, completed over 2,000 m of underground mine development, drilled over 40,000 m of core, completed Stage 1 of our Tailings Storage Facility, and on October 10th we celebrated with over 1,000 community members, employees, and government officials as we poured our first gold at Tuvatu. We’re very proud of our technical team’s ability to achieve these significant milestones, especially in such a short period of time.”

“In 2024 we expect another watershed year for Lion One Metals. During the 300 TPD pilot plant phase of operations we will be focusing on the development of the mine and the expansion of the processing plant to 500 TPD. We are pursuing a staged increase in development and the 300 TPD pilot plant stage is a critical step in the continuous improvement of mining and milling at Tuvatu. The knowledge and experience gained during the pilot plant stage of operations will be crucial in achieving long-term success and in optimizing performance at the 500 TPD stage. The goal for 2024 is to have the 500 TPD processing plant in operation by the end of Q3. We will then use the cash flow from our 500 TPD operations to fund the next stage of growth for Lion One, which includes the development of the 500 Zone at Tuvatu, and the advancement of our regional exploration program throughout the Navilawa Caldera, where we intend to discover and develop the next Tuvatu.”

Mine Operations

The focus of mining activities during the 300 TPD pilot plant phase of operations is the development of the underground mine, with the goal of advancing the main decline to the 500 Zone as quickly as is safely possible. A secondary goal during this phase of operations is the development of as many stope access points as feasible in advance of the plant expansion to 500 TPD. A significant portion of the material mined during the 300 TPD pilot plant phase of operations is therefore expected to be development material.

As mine development has progressed at Tuvatu, additional mineralization has been discovered in areas in Zone 2 that were not previously expected to be mineralized. This includes mineralization associated with stockwork veining as well as entirely new mineralized lodes. Many of the development headings at Tuvatu have been found to contain low-grade gold mineralization. This low-grade development material is ideal for use as feed stock to test the different gold recovery circuits during the initial stages of plant operation. Processing the development material also serves to offset costs during mine development as this material needs to be removed regardless of whether it is mineralized. Most of the mill feed during the start-up of the 300 TPD pilot plant has therefore consisted of low-grade development material. The first production material was extracted on December 13th, 2023, from the URW1 leading edge stope in Zone 2. This stope is located outside the original PEA resource and represents an expansion of the resource.

Mining activities at Tuvatu in 2024 will consist of a mix of handheld and mechanized mining methods. Handheld mining is ideal for narrow vein mining as it is precise and enables the effective development of narrow drives, thereby minimizing dilution. Mechanized mining produces wider voids and results in a considerably higher production rate. It is therefore the preferred alternative for wider zones of mineralization that are not sensitive to dilution. At Tuvatu there are areas more suitable for handheld mining and others more suitable for mechanized mining. The mining method employed will be tailored to the style of mineralization being extracted. Mine development is proceeding in a manner designed to preserve the optionality of switching between mining methods as appropriate. To date, development mining at Tuvatu has progressed using both handheld and mechanized mining, yet production mining has been limited to handheld methods. Mechanized production is scheduled to start in Q1 2024. Production mining refers to the mining of production stopes through which most of the mineralized material will be extracted, whereas development mining refers to all the supporting development required to access the production stopes, such as the declines, access drives, crosscuts, ventilation rises, and so on. While the primary mining objective during the 300 TPD pilot plant stage is development, mine production is anticipated to steadily increase as production mining is introduced and as the number of available production areas increases ahead of the plant expansion to 500 TPD.

Mill Operations

The focus of mill operations during the 300 TPD pilot plant stage is on determining the best methods and parameters required to maximize gold recovery from each type of gold mineralization at Tuvatu. Mill operations to date have consisted of a start-up period and a campaign period with feed from different areas within Zone 2 and Zone 5.

During the start-up period of operations from late October to early December 2023, predominantly low-grade material was put through the mill. This is typical of mill start-ups and is done while identifying and resolving any start-up issues that may be present before ramping up production. It also serves to build the in-process store of gold that is retained within the plant. During the subsequent campaign periods of operation, the focus changed to the metallurgical variability of the gold mineralization. Several different types of mineralization have been identified at Tuvatu, including three different types within Zone 2 and Zone 5. Due to the complexity of the deposit, additional variability in mineralization is anticipated as development progresses deeper into the mine. The campaign period of operations, which began in mid-December, has consisted of processing separate batches of material from specific parts of Zone 2 and Zone 5 to determine how the plant responds in each case. The knowledge gained from these campaigns will be applied to maximize gold recovery from the larger production stopes in these areas. Gold recovery rates during the start-up and campaign periods have been in line with expectations.

In addition to the start-up and campaign activities, mill commissioning and upgrading has been carried out. Commissioning of both the continuous gravity concentrator and the intensive leach circuit has been on hold due to a delayed shipment of component parts from suppliers. Both circuits are expected to be brought on-line by early February. Similarly, the blowers supplied to aerate the CIL tanks and cyanide detoxification circuit were found to be undersized by the supplier. New blowers will be installed, along with new air spargers and diffusion cones to improve the performance of the CIL circuit.

The mill expansion to 500 TPD is scheduled to be complete by the end of Q3 2024. The expansion consists of three main components: a tower mill, a flotation circuit, and a third ball mill. The purpose of the tower mill is to produce a finer grind of concentrates from the continuous gravity concentrator, thereby further increasing recoveries. The tower mill is expected to be on site in February. The flotation circuit is also being added to maximize recoveries, while the third ball mill is required to increase the milling capacity of the plant. Site preparations for both the flotation circuit and the third ball mill are already complete and construction is pending. All three mill components are on schedule for completion and commissioning by the end of Q3 2024, which is a year ahead of the originally scheduled completion date of Q3 2025.



Figure 1. Aerial Views of Tuvatu Processing Plant and Mine Portal, December 2022 and January 2024. Top image: Aerial view in December 2022 shortly after plant construction started. Bottom image: Aerial view in January 2024 after construction is complete and the 300 TPD pilot plant is in operation. These views highlight some of the substantial progress made at Tuvatu throughout 2023.

To view an enhanced version of this graphic, please visit:
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Options

The Company also announces it has granted stock options pursuant to its 10% rolling stock option plan to an officer of the Company to purchase up to an aggregate of 500,000 common shares of the Company. The stock options are exercisable at $1.00 per share and expire 5 years from the date of grant.

Qualified Person (NI43-101)

In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43- 101”), Alex Nichol, MAIG, VP Geology and Exploration, is the Qualified Person for the Company, and has reviewed, validated, and approved the technical and scientific content of this news release.

About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.

As disclosed in its “Technical Report and PEA Update for the Tuvatu Gold Project” dated April 29, 2022, the 2018 Tuvatu resource estimate comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and under the Lion One profile on the SEDAR+ website at www.sedarplus.ca.

On behalf of the Board of Directors,
Walter Berukoff, Chairman & CEO

Contact Information
Investor inquiries: info@liononemetals.com
Phone:1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-Looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194707

Categories
Base Metals Energy Junior Mining Metallic Group Metallic Minerals Precious Metals Uncategorized

Metallic Minerals Completes 2023 Expansion Drill Program at Keno Silver Project in Yukon, Canada

VANCOUVER, BC / ACCESSWIRE / October 19, 2023 / Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF) (“Metallic Minerals” or the “Company”) is pleased to announce the completion of field activities at the Company’s 100%-owned, 166 square kilometer Keno Silver project, adjacent to Hecla Mining in the high-grade Keno Hill silver district of Canada’s Yukon Territory. The 2023 exploration program included 1,112 meters in four diamond drill holes focused on resource expansion at the Formo target, the highest-grade and largest target area to be included in an inaugural NI 43-101 mineral resource estimate for the property expected in Q4 2023. The Company also conducted additional soil geochemical sampling on open-ended earlier-stage targets for future drill campaigns.

Metallic Minerals holds the second largest land position in the Keno district with claims covering the east, and parts of central and western Keno Hill, including eight high-grade, shallow past-producing deposits. Hecla Mining holds the western portion of the Keno district and has recently started production from its Keno Hill mining operations, with full production expected by year-end.

Metallic Minerals President, Scott Petsel, stated: “We were very pleased to return to our Keno Silver project and complete this important new phase of exploration which focused on drilling mineralized extensions of our “resource-ready” target at Formo. With the key milestone of an inaugural resource estimate for Keno Silver on the near-term horizon, the team is already looking ahead to working from those initial deposit models to continue to add additional ounces with this and subsequent future programs. One of the major advantages the upcoming resources will have are their shallow depth which makes them amenable to low-cost bulk tonnage mining methods. The blueprint for rapid and dramatic resource growth in the Keno district, as demonstrated by prior operators, is to first identify the dominant mineralized vein structures and their orientations, then vector along trend and depth with successive drill campaigns. This tried-and-true methodology is being employed by Metallic Minerals to expand the Keno Silver project which is located within one of the world’s highest grade silver producing districts.”

Mr. Petsel continued, “In addition to our work at the Keno Silver project, drilling continues at our La Plata copper-silver-gold-PGE project in Colorado, where we have just passed 3,000 meters of a targeted 5,000-meter drill program. The first two drill holes reached 909 meters and 1,350 meters depth, respectively, and intersected continuous porphyry style mineralization. Our target is to complete two to three more step-out, expansion drill holes from the discovery hole announced in February 2023. Core is being processed and sent to the lab for assaying with initial results expected to come in through the fall of this year. The results of this drilling will be used to calculate a new mineral resource estimate for La Plata in 2024.”

About the Keno Silver Project

Keno Hill is one of the world’s highest-grade silver districts, with nearly 300 million ounces (“Moz”) of silver in past production and current M&I resources1,2 and featuring excellent existing infrastructure, including grid power, road access and nearby community services. In July 2022, Hecla Mining announced the acquisition of Alexco Resource Corp, which held the western portion of the district. Hecla Mining has started production at Keno Hill, which is now their highest-grade silver operation, and is expecting to be at full production by year end with a stated goal of producing 4-5 Moz of silver per year3. Metallic Minerals’ Keno Silver project is adjacent and contiguous with Hecla Mining ground, covering the east, and parts of the central and western Keno silver district and includes eight high-grade, shallow past-producing mines. Prior to the Company’s consolidation of the land package, very little modern exploration had been completed in these parts of the district due to fragmented, private land ownership. Metallic Minerals has advanced four targets in the district from discovery to resource definition stage with several additional targets at drill-ready status along the known historically productive trends. In addition, recent exploration has defined and expanded 12 priority multi-kilometer-scale early-stage targets for reconnaissance drilling in the under-explored parts of the district where highly elevated silver, lead and zinc in soils and high-grade rock samples have been identified.

About Metallic Minerals

Metallic Minerals Corp. is a leading exploration and development stage company focused on copper, silver, gold, and other critical minerals in the La Plata mining district in Colorado, and silver and gold in the high-grade Keno Hill and Klondike districts of the Yukon. Our objective is to create shareholder value through a systematic, entrepreneurial approach to making exploration discoveries, growing resources, and advancing projects toward development.

The Company’s 100%-owned La Plata project in southwestern Colorado hosts a porphyry copper-silver resource consisting of 1.21 billion pounds of copper and 17.6 Moz of silver4. Drilling in 2022 provided the basis for the expanded 2023 resource estimate, including the longest and highest-grade interval ever encountered at La Plata and one of the top intersections for any North American copper project in the past several years. In May 2023, the Company announced a 9.5% strategic investment by Newcrest Mining Limited (acquired by Newmont Mining in Q4 2023) to fund the current 2023 drill campaign and accelerate the overall advancement of the project. Colorado ranked 5th globally for investment attractiveness and 2nd in the USA in the Fraser Institute’s 2023 Annual Survey of Mining Companies.

Metallic Minerals has consolidated a 176 square kilometer land position directly adjacent to Hecla Mining’s operations in the historic high-grade Keno Hill silver district of Canada’s Yukon Territory, a region which has more than 300 Moz of high-grade silver in past production and current M&I resources. Hecla Mining, the largest primary silver producer in the USA and third largest in the world, is anticipating full production at its Keno Hill operations by the end of 2023. Metallic Minerals is targeting release of an inaugural mineral resource estimate on the Keno Silver project in Q4 2023, with an expansion drill program completed in September.

The Company is also one of the largest holders of alluvial gold claims in the Yukon and is building a production royalty business by partnering with experienced mining operators, including Parker Schnabel of Little Flake Mining from the Discovery Channel television show, Gold Rush.

All of the districts in which Metallic Minerals operates have seen significant mineral production and have existing infrastructure, including power and road access. The Company is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits in the region, as well as having large-scale development, permitting and project financing expertise. The Metallic Minerals team has been recognized for its environmental stewardship practices and is committed to responsible and sustainable resource development.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Website: www.mmgsilver.com
Email: cackerman@mmgsilver.com
Phone: 604-629-7800
Toll Free: 1-888-570-4420
Footnotes:

  1. Cathro, R. J., Great Mining Camps of Canada 1. The History and Geology of the Keno Hill Silver Camp, Yukon Territory. Geoscience Canada, Sept. 2006. ISSN 1911-4850.
  2. Alexco Resource Corp Technical Report, titled “NI 43-101 Technical Report on Updated Mineral Resource and Reserve Estimate of the Keno Hill Silver District” with an effective date of April 1, 2021 and issue date of May 26, 2021.
  3. See news release dated August 8, 2023: Hecla Mining Company – Hecla Reports Second Quarter 2023 Results
  4. See news release dated July 31, 2023: https://mmgsilver.com/news/2023/metallic-minerals-expands-resource-at-la-plata-copper-silver-gold-pge-project-in-southwestern-colorado-usa/

Forward-Looking Statements
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, statements about expected results of operations, royalties, cash flows, financial position and future dividends as well as financial position, prospects, and future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, unsuccessful operations, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration, development of mines and mining operations is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Metallic Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

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

SOURCE: Metallic Minerals Corp.

Categories
Base Metals Emx Royalty Energy Junior Mining Precious Metals Uncategorized

EMX Executes Updated Timok Royalty Agreement with Zijin

Vancouver, British Columbia–(Newsfile Corp. – September 5, 2023) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX”) is pleased to announce the execution of an amended and restated royalty agreement on September 1, 2023 for its Timok royalty property with Zijin (Europe) International Mining Company Ltd., a wholly owned subsidiary of Zijin Mining Group Ltd (“Zijin”). EMX and Zijin have agreed that the Timok royalty will consist of a 0.3625% Net Smelter Return (“NSR”) royalty that is uncapped and cannot be repurchased or reduced. The royalty covers Zijin’s Brestovac exploration permit area (including the Cukaru Peki Mining licenses), as well as portions of Zijin’s Jasikovo-Durlan Potak exploration license north of the currently active Bor Mine (Figure 1).

EMX’s Timok royalty property is located in the Bor Mining District of Serbia and covers the Cukaru Peki copper-gold deposits which have recently been put into production by Zijin. Cukaru Peki represents one of the premier copper and gold discoveries in the world in the past 10 years and is a top tier royalty asset for EMX. The Cukaru Peki deposits consist of a high-level body of high-grade, epithermal-style copper-gold mineralization referred to as the “Upper Zone”, and a deeper body of porphyry-style copper-gold mineralization known as the “Lower Zone”.

Zijin is currently producing copper and gold from the Upper Zone deposit at Cukaru Peki, while concurrently developing the Lower Zone. The Cukaru Peki deposits and operations are summarized in Zijin’s annual reports and in various Zijin disclosures. An NI-43-101 technical report for the Timok royalty was filed by EMX on SEDAR on March 31, 2022.

As part of the execution of the revised royalty agreement, EMX will receive approximately US$6.68 million. This includes royalty payments of $1.59 million from July-December, 2021, royalty payments of $3.20 million from the calendar year 2022, and $1.89 million for the period of January-June, 2023. From that point forward EMX will continue to receive quarterly production royalty payments on an ongoing basis. EMX is appreciative of Zijin’s cooperative and amicable approach throughout the process of achieving this resolution and looks forward to working with Zijin as the projects advance.

Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and 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 the TSX Venture Exchange under the symbol EMX, and also trade 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) 973-8585
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 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.

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 perceived merit of properties, exploration results and budgets, mineral reserve 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” 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: 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.

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, 2023 (the “MD&A”), and the most recently filed Revised Annual Information Form (the “AIF”) for the year ended December 31, 2022, 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.

Figure 1. Locations of EMX royalty interests and key geological features in the Timok Magmatic Complex in the Bor Mining District of Serbia.

To view an enhanced version of this graphic, please visit:
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/179559

Categories
Uncategorized

Rover Metals Receives $153,000 Grant IML Critical Metals Project, NT, Canada

Rover Metals Corp.
Rover Metals Corp.

VANCOUVER, British Columbia, July 27, 2023 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to announce that it has received a $153,000 exploration grant from the Government of the Northwest Territories’ Mining Incentive Program to further exploration at its IML critical minerals project.

IML Project
The IML project is located 195 km east-northeast of Yellowknife, NT, east of the Yellowknife Pegmatite Group, on the eastern arm of Great Slave Lake, within the rear earth element and pegmatite focus area. Great Slave Lake is located in the south of the Northwest Territories.

Area Map

The IML Vulcanic Massive Sulphide project has had exploration dating back to the 1940s and has a historical resource spread across four zones on the project. The BB Zone and Kennedy Lake Zone have a combined historic resource of 1,400,000 tons grading 10% combined zinc and lead with 3.5 OPT (ounces per ton) of silver*. Approximately 900 metres west of the BB Zone, the Kennedy Lake West Zone has a historic resource of 610,000 tons grading 1.15% copper*. About 8 km southeast of the BB Zone, the Susu Lake Zone, has a historical resource consisting of 142,500 tons grading 0.95% copper*. The project is one of the last unexplored greenstone belts in the world, and has district scale potential. The historic resource is coming from just 3% of the 30,000 acre greenstone belt. Pegmatites have been identified in the historic drill core, and management of the Company has planned a Phase 1 Exploration Program to further explore for lithium in the pegmatites associated with the greenstone belt, as well as those that may exist from surrounding prominent granitic intrusions.

Infrastructure
Unlike some projects in the Northwest Territories of Canada, the project benefits from primary barge infrastructure, and is located within a prolific area of lithium and rare earth elements exploration, where recent discoveries (for example, LiFT Power) are bound to bring new infrastructure to the area. Seasonal access to the IML project currently relies upon fixed or rotor wing support, or ice road. A right of way was cleared to the project from the deep lake port of Thompson Landing, NT, in the 1970s, providing barge access with ground transportation, considerably lowering any logistical costs. Future Government of Canada federally funded hydro-energy infrastructure could come close to the project if the Taltson Hydro Dam expansion proceeds through the eastern arm of Great Slave Lake into Yellowknife. At the southwest-end of Great Slave Lake, Osisko Metals is gearing up to reopen the Pine Point Zinc-Lead Mine. At nearby Hay River, NT, there is a rail line to the Teck Resources Zinc Refinery in Trail, BC.

Use of Grant Proceeds
The Company has outlined a Phase 1 Exploration Program that relies heavily on airborne and ground geophysics to connect and model all of the historic zones of the project. The intent of the Phase 1 program is to ready the project for drilling in H2-2024. Rover Metals is seeking Joint Venture partners to option the project in 2024 for drilling.

*These resources are historic in nature. Further drilling is needed to bring them up to CIM Definition Standards. The historic data has not been verified by Rover. The historic information is provided in the 2103 Assessment Report for Indian Mountain Lake which is in public record with the Government of the Northwest Territories.

Technical information has been approved by Gary Vivian, M.Sc., P.Geo., QP for the purposes of NI 43-101.

Judson Culter, CEO at Rover Metals, states, “Zinc, Copper, and Lithium are on the Canadian Government’s Critical Minerals List, and have been prioritized for development. We’re thrilled the Government of the Northwest Territories has selected the IML project for grant funding. The recent discovery by LiFT Power of economic grade lithium in the area is shining a light on the jurisdiction, and we think the timing is right to plan an exploration program for IML.”

Current Financing
Further to the Company’s release of July 20th, 2023, the third and final closing of the Company’s $0.08 Unit Financing has been allocated towards the Phase 1 Exploration Program for the IML project.

About Rover Metals
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver. The Company is exclusive to the mining jurisdictions of the U.S. and Canada.

You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovermetals.com/

ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director

For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617

Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

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Uncategorized

Collective Mining Discovers Plutus, a New Major Porphyry Centre Located Five Hundred Metres East of the Apollo Porphyry System

  • Exploration fieldwork has discovered a new porphyry target located five hundred metres east of the high-grade Apollo Porphyry Deposit and referred to as the Plutus Porphyry Centre (“Plutus”).
  • To date, Plutus covers 1,000 metres by 720 metres in area and hosts multiple mineralization styles including porphyry veining, porphyry related breccia mineralization and late-stage carbonate base metal (‘CBM”) veins.
  • Within Plutus are two areas of interest:
  • Reconnaissance rock chip and shallow auger sampling of oxidized (leached) surface material at Plutus has yielded the following results:
  • Drilling is expected to commence at Plutus in August 2023. Four rigs are now operating at the project with eleven holes currently in the lab for analysis.  Additional assay results are expected in the near term from further drilling at Apollo and surrounding targets.

Ari Sussman, Executive Chairman commented: “The Guayabales project continues to demonstrate its remarkable geological endowment. Hard work by the technical team has outlined the Plutus Porphyry Centre, which is the largest target outlined to date at the project. Given the sheer scale of Plutus, three pads are being constructed ahead of drilling which is expected to commence in mid to late August. We will be aggressive in testing Plutus and are hopeful of making another discovery to rival the Apollo porphyry system.”

TORONTO, July 18, 2023 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce assay results and field observations from recent reconnaissance exploration work undertaken in the new Plutus Porphyry Centre (“Plutus”), located 500 metres east of the Apollo porphyry system (“Apollo”) at the Guayabales project located in Caldas, Colombia.

Apollo is a high-grade, bulk tonnage copper-silver-gold system, which owes its excellent metal endowment to an older copper-silver and gold porphyry system being overprinted by younger precious metal rich, carbonate base metal vein systems (intermediate sulphidation porphyry veins) within a magmatic, hydrothermal inter-mineral breccia and diorite porphyry bodies currently measuring 455 metres x 395 metres x 915 metres and open for expansion.

To watch a short video of Richard Tosdal, renowned porphyry expert and Special Advisor to Collective Mining, review the Plutus discovery please click here.

Details (See Figures 1-3)

This press release outlines results from surface reconnaissance exploration work undertaken at the newly discovered Plutus Porphyry Centre (“Plutus”). Plutus is located 500 metres to the east of the Apollo Porphyry in an area with very sparse outcrop due to landslide and ash cover. Results and observations from Plutus are summarized below.

The Plutus porphyry centre measures 1,000 metres by 720 metres in area and is defined by a large porphyry intrusive in contact with breccia to its north-west. The intrusive body is outlined by soil anomalies of copper, molybdenum, gold, tungsten, tin and bismuth which are coincident with a magnetic susceptibility high. Soil copper values greater than 500 parts per million (“ppm”) and 30 ppm molybdenum with highest values up to 1,482 ppm copper and 127 ppm molybdenum define a 650-metre diameter area outlining the porphyry body. Surface geochemical soil, auger and rock sampling assay results from Plutus displays the following ranges of results:

Rock Chip

  • Gold rock chip values up to 4.90 g/t (range of 0.03 g/t to 4.90 g/t);
  • Silver rock chip values up to 100 g/t (range of 0.10 g/t to 100 g/t);
  • Copper rock chip values up to 1,290 ppm (56 ppm to 1,290 ppm);
  • Molybdenum rock chip values up to 102 ppm (0.2 ppm to 102 ppm).

Soil

  • Gold soil values up to 4.80 g/t (range of 0.03 g/t to 4.80 g/t);
  • Silver soil values up to 364 g/t (range of 0.10 g/t to 364 g/t);
  • Copper soil values up to 835 ppm (0.3 ppm to 835 ppm);
  • Molybdenum soil values up to 127 ppm (0.5 ppm to 127 ppm).

Auger

  • Gold auger values up to 3.72 g/t (range of 0.03 g/t to 3.72 g/t);
  • Silver auger values up to 56 g/t (range of 0.02 g/t to 56 g/t);
  • Copper auger values up to 1,482 ppm (69 ppm to 1,482 ppm);
  • Molybdenum auger values up to 113 ppm (1 ppm to 113 ppm).

The amount of rock and weathered exposures in the Plutus target area is limited to a few sparse outcrops due to vegetation, historical landslides, and volcanic ash cover.

Observations from surface mapping of the sparse outcrops and logging of auger drilling chips highlights the presence of porphyry-related mineralization, including magnetite veins as well as pyrite, chalcopyrite and molybdenite sulphide and quartz A, B, EB, and D type porphyry veins. The quartz diorite porphyry exhibits both potassic and sericite alteration.

A north-western breccia area with multiple outcrops is located contiguous with the porphyry intrusive body and includes the Donut Breccia discovery where previous drilling intercepts included 163 metres @ 1.3 g/t AuEq from surface in DOC-3 and 104 metres @ 1.3 g/t AuEq from surface in DOC-2 (see press release dated November 15, 2021 and October 18, 2021, respectfully). Follow up work in the breccia area has identified additional outcrops located to the west and east of the area previously drill tested with assay results pending from channel sampling of limited available exposures.

One rig will be mobilized to Plutus with drilling expected to commence in August 2023.

Apollo Drill Program Outline and Assay Update

The 2023 Phase II drilling program is advancing on schedule with 24 holes completed and results announced with an additional eleven holes awaiting assay results from the lab. The objective of the 2023 drilling program is to define high-grade near surface mineralization of the Apollo porphyry system, expand the size of the system through step-out and directional drilling and drill test multiple new targets generated through grassroots exploration. Since the announcement of the discovery hole at Apollo in June 2022, a total of 55 drill holes (approximately 23,907 metres) has been completed and assayed.

Figure 1: Location of Apollo and Plutus Porphyry Centres (CNW Group/Collective Mining Ltd.)
Figure 1: Location of Apollo and Plutus Porphyry Centres (CNW Group/Collective Mining Ltd.)
Figure 2A and 2B: Plutus Porphyry Centre as Outlined by Copper and Molybdenum in-Soil, Auger and Rock Chip Geochemistry, Superimposed on Magnetic Susceptibility Data - Copper (CNW Group/Collective Mining Ltd.)
Figure 2A and 2B: Plutus Porphyry Centre as Outlined by Copper and Molybdenum in-Soil, Auger and Rock Chip Geochemistry, Superimposed on Magnetic Susceptibility Data – Copper (CNW Group/Collective Mining Ltd.)
Figure 2A and 2B: Plutus Porphyry Centre as Outlined by Copper and Molybdenum in-Soil, Auger and Rock Chip Geochemistry, Superimposed on Magnetic Susceptibility Data - Molybdenum (CNW Group/Collective Mining Ltd.)
Figure 2A and 2B: Plutus Porphyry Centre as Outlined by Copper and Molybdenum in-Soil, Auger and Rock Chip Geochemistry, Superimposed on Magnetic Susceptibility Data – Molybdenum (CNW Group/Collective Mining Ltd.)
Figure 3: Plan View of the Guayabales Project Highlighting the Plutus Target (CNW Group/Collective Mining Ltd.)
Figure 3: Plan View of the Guayabales Project Highlighting the Plutus Target (CNW Group/Collective Mining Ltd.)

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective Mining is a copper, silver, and gold exploration company with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines.

The Company’s flagship project, Guayabales, is anchored by the Apollo target, which hosts the large-scale, bulk-tonnage and high-grade copper-silver-gold Apollo porphyry system. The Company’s near-term objective is to drill the shallow portion of the porphyry system, continue to expand the overall dimensions of the system through step out and direction drilling, which remains open in most directions and drill test multiple new targets generated through grassroots exploration.

Management, insiders and close family and friends own nearly 45% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol “CNL” and on the OTCQX under the trading symbol “CNLMF”.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock, soils and core samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

Information Contact:

Follow Executive Chairman Ari Sussman (@Ariski73) and Collective Mining (@CollectiveMini1) on Twitter.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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

SOURCE Collective Mining Ltd.

Categories
Base Metals Energy Junior Mining Uncategorized

Critical minerals market has doubled in five years, IEA report shows

The market for critical minerals used in electric vehicles, solar panels and wind turbines has doubled over the past five years, reaching $320-billion in 2022, and is expected to continue to growth strongly amid record deployments of clean energy technologies such as solar and batteries.

The International Energy Agency’s (IEA’s) inaugural ‘Critical Minerals Market Review’ shows that, from 2017 to 2022, the energy sector has been the main factor behind a tripling in overall demand for lithium, as well as the 70% jump in demand for cobalt and the 40% rise in nickel demand.

“As a result, energy transition minerals, which used to be a small segment of the market, are now moving to centre stage in the mining and metals industry,” the report states.

The market has responded, with investment in critical mineral development rising 30% last year, led by lithium with a 50% jump in investments.

Likewise, exploration spending rose by 20% in 2022, again driven by record growth in lithium exploration, particularly in Canada and Australia where year-on-year growth of 40% was recorded.

After a surge in 2021 and 2022, the IEA says many critical mineral prices started to moderate in 2023, albeit while remaining above their historical averages.

Nevertheless, IEA executive director Fatih Birol warns that far more needs to be done to ensure supply chains for critical minerals, such as lithium, cobalt, nickel and copper as well as platinum, manganese and various rare-earth minerals, are secure and sustainable.

There is also a need, the report argues, to diversify the sources of supply away from their current concentration in a handful of countries, with the Democratic Republic of Congo dominating cobalt supply, China holding half of planned lithium chemical plants and Indonesia representing nearly 90% of planned nickel refining facilities.

The report also cautions that any project delays and technology-specific shortfalls could undermine both the pace and cost of the transition to those energy technologies needed by 2030 to limit global warming to 1.5 °C.

The IEA, which began analysing the role of critical minerals in the energy transition in 2021 and subsequently received a mandate from its member governments to track developments, has also launched an interactive online tool to improve visibility of market dynamics.

The IEA Critical Minerals Data Explorer currently provides users with access to the agency’s demand projections under various scenarios and technology trends and supply-side information will be added in future updates.

The IEA is also preparing to host an international critical minerals summit in Paris, France, on September 28.

Original Source: https://www.miningweekly.com/article/critical-minerals-market-has-doubled-in-five-years-iea-report-shows-2023-07-11

Categories
Energy Exclusive Interviews Junior Mining Precious Metals Uncategorized

2023 Rule Symposium Preview – Andrew Schectman, President of Miles Franklin Precious Metals Investments

Rule Investment Media Proudly Presents…
Exclusive On-Demand Livestream of the
Rule Symposium on Natural Resource Investing

JOIN THE ONLY INDUSTRY EVENT WHERE YOU CAN CONNECT 1-ON-1 WITH INDUSTRY INSIDERS, TOP EXECUTIVES, BILLIONAIRE INVESTMENT EXPERTS AND MORE!

THIS July 23-27 we’re livestreaming to give you every presentation… and the BIGGEST opportunities… live from the Rule Symposium. PLUS – special bonus content, too! You won’t want to miss out…

Don’t hesitate! To access the livestream and on-demand presentations, you must purchase before the Symposium ends on July 27, 2023.
Dear Friends,When it comes to navigating the current market…There’s no shortage of advice right now.Some say… “It’s time to buy the dip!”Some warn… “You haven’t seen the worst of it yet!”And, some just throw their hands up in the air and say… “It’s anyone’s guess!”I don’t know about you…But when it comes to my money… the last thing I want to do is play guessing games.That’s why – year after year – for 20 years and counting…I’ve been a host of the Natural Resource Investment Symposium.As the industry’s most regarded event, the Rule Symposium focuses on connecting you with the top resource and commodities experts – and opportunities – around the world.We’re talking dozens of industry insiders… top executives… billionaire investment experts… and more…All eager to give YOU exclusive access to their most profitable ideas.It’s a priceless opportunity, no doubt. And I have yet to see another investment conference that even comes close in comparison.Connect With the Biggest and Brightest Names
In Resource and Commodities MarketsFor this year’s annual Rule Symposium on Natural Resource Investing, we pulled out all the stops to connect our live – and virtual – attendees with the very best in the business.Of course, we’ve locked in a stellar lineup of experts for you to interact with during the On- Demand Livestream. For a complete list of speakers, click here.Friends, I can’t stress this enough…It would be impossible to gain access to this caliber of speakers anywhere else.In fact, many of these speakers rarely participate in any other financial or resource conferences.But thanks to our Livestream/On-Demand access….You’ll have the chance to hear this elite team share their success stories… candid insights… and recommendations for profiting through the current bear market…Even if you can’t join us in person.What You Can Expect from the Rule Symposium
Livestream/On-Demand PackageWhile we would love to see all our readers in person for the Rule Symposium in July, we understand for some of you that will not be possible.That is why we’ve created a way for you to attend this event… from the comfort of your home!Just to be clear…This will NOT be your typical online event.In fact, when you claim your access to our livestream/on-demand event today, you’ll get…Access to Every Presentation, Live and in Real Time: Every presentation, including all workshops, panels, and fireside chats will be available to view in real time and on-demand.Livestream Video On-Demand Archives: We will be storing every presentation from the event online through December 31, 2023.Access to our Exclusive Event App – All in the Loop: You can use this on your phone or computer for quick, easy access to any of the featured presentations you do not want to miss.Access to our Virtual Sponsor Booths – Not only will you get every presentation, but you will also have the chance to chat with our online virtual sponsors at their booths.One-on-One Meetings– You will be able to set up one-on-one meetings during the live event (July 25-27) with any of our sponsors or even other attendees and even after the event.Please note: All these benefits are included for those who are joining us in person. If you would rather attend in person, tickets are still available.Claim Your Seat to Our On-DemandCLICK HERE Stream TODAY!When you register for our On Demand Livestream Package now, your price to attend this virtual event is just $299, but you must register before July 27th.Sincerely,
Rick RuleP.S. If you are attending the in-person July 23-27 Symposium, you will automatically be registered for the on-demand livestream and recordings archive.Copyright © 2023 Rule Investment Media, All rights reserved.
Sprott US Media, Inc. is now Rule Investment Media LLC. You are receiving this email because you signed up for the Sprott’s Thoughts newsletter through Sprott U.S. Media Inc., or you requested a portfolio ranking from Rick Rule through Rule Investment Media LLC.

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Categories
Energy Exclusive Interviews Precious Metals Uncategorized

2023 Rule Symposium Preview – Shawn Khunkhun, CEO of Dolly Varden Silver Corp

Rule Investment Media Proudly Presents…
Exclusive On-Demand Livestream of the
Rule Symposium on Natural Resource Investing

JOIN THE ONLY INDUSTRY EVENT WHERE YOU CAN CONNECT 1-ON-1 WITH INDUSTRY INSIDERS, TOP EXECUTIVES, BILLIONAIRE INVESTMENT EXPERTS AND MORE!

THIS July 23-27 we’re livestreaming to give you every presentation… and the BIGGEST opportunities… live from the Rule Symposium. PLUS – special bonus content, too! You won’t want to miss out…

Don’t hesitate! To access the livestream and on-demand presentations, you must purchase before the Symposium ends on July 27, 2023.
Dear Friends,When it comes to navigating the current market…There’s no shortage of advice right now.Some say… “It’s time to buy the dip!”Some warn… “You haven’t seen the worst of it yet!”And, some just throw their hands up in the air and say… “It’s anyone’s guess!”I don’t know about you…But when it comes to my money… the last thing I want to do is play guessing games.That’s why – year after year – for 20 years and counting…I’ve been a host of the Natural Resource Investment Symposium.As the industry’s most regarded event, the Rule Symposium focuses on connecting you with the top resource and commodities experts – and opportunities – around the world.We’re talking dozens of industry insiders… top executives… billionaire investment experts… and more…All eager to give YOU exclusive access to their most profitable ideas.It’s a priceless opportunity, no doubt. And I have yet to see another investment conference that even comes close in comparison.Connect With the Biggest and Brightest Names
In Resource and Commodities MarketsFor this year’s annual Rule Symposium on Natural Resource Investing, we pulled out all the stops to connect our live – and virtual – attendees with the very best in the business.Of course, we’ve locked in a stellar lineup of experts for you to interact with during the On- Demand Livestream. For a complete list of speakers, click here.Friends, I can’t stress this enough…It would be impossible to gain access to this caliber of speakers anywhere else.In fact, many of these speakers rarely participate in any other financial or resource conferences.But thanks to our Livestream/On-Demand access….You’ll have the chance to hear this elite team share their success stories… candid insights… and recommendations for profiting through the current bear market…Even if you can’t join us in person.What You Can Expect from the Rule Symposium
Livestream/On-Demand PackageWhile we would love to see all our readers in person for the Rule Symposium in July, we understand for some of you that will not be possible.That is why we’ve created a way for you to attend this event… from the comfort of your home!Just to be clear…This will NOT be your typical online event.In fact, when you claim your access to our livestream/on-demand event today, you’ll get…Access to Every Presentation, Live and in Real Time: Every presentation, including all workshops, panels, and fireside chats will be available to view in real time and on-demand.Livestream Video On-Demand Archives: We will be storing every presentation from the event online through December 31, 2023.Access to our Exclusive Event App – All in the Loop: You can use this on your phone or computer for quick, easy access to any of the featured presentations you do not want to miss.Access to our Virtual Sponsor Booths – Not only will you get every presentation, but you will also have the chance to chat with our online virtual sponsors at their booths.One-on-One Meetings– You will be able to set up one-on-one meetings during the live event (July 25-27) with any of our sponsors or even other attendees and even after the event.Please note: All these benefits are included for those who are joining us in person. If you would rather attend in person, tickets are still available.Claim Your Seat to Our On-DemandCLICK HERE Stream TODAY!When you register for our On Demand Livestream Package now, your price to attend this virtual event is just $299, but you must register before July 27th.Sincerely,
Rick RuleP.S. If you are attending the in-person July 23-27 Symposium, you will automatically be registered for the on-demand livestream and recordings archive.Copyright © 2023 Rule Investment Media, All rights reserved.
Sprott US Media, Inc. is now Rule Investment Media LLC. You are receiving this email because you signed up for the Sprott’s Thoughts newsletter through Sprott U.S. Media Inc., or you requested a portfolio ranking from Rick Rule through Rule Investment Media LLC.

Our mailing address is:
Rule Investment Media1004 Commercial Avenue, #331Anacortes, WA 98221Add us to your address book

Please click here to purchase tickets.

Sincerely,

Rick Rule

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Uncategorized

JAYANT BHANDARI – India: Hawala Trade

India is imposing a 20% refundable tax on foreign expenses made in INR. While this money will theoretically be refunded in the following tax assessment, you will lose value because of high inflation. Moreover, most people will not claim this money, for they fear audits and harassment by rapacious tax officers. This fear has been a boon for Hawala transactions, which have drained the US dollar from the streets of India. Here are my thoughts:

India is imposing a 20% refundable tax on foreign expenses made in INR. While this money will theoretically be refunded in the following tax assessment, you will lose value because of high inflation. Moreover, most people will not claim this money, for they fear audits and harassment by rapacious tax officers. This fear has been a boon for Hawala transactions, which have drained the US dollar from the streets of India. Here are my thoughts:

As time has passed, corruption has become more blatant in India, and fanaticism is rapidly increasing. Previously, the US used to hold a higher moral ground. However, today, being woke and expedient, it hosts those it once used to ban from entry. Here are my thoughts on Modi’s recent visit to the US:

On Investments

I recently had a conversation with Maurice Jackson about why most people make a horrendous mistake by conflating resource companies with the underlying commodities they represent. We also discussed several coal companies:

Here are some more companies that have my attention:

  • Irving Resources (IRV; C$0.72): IRV has three drill rigs, with one operating 24 hours a day at the Omu project in Hokkaido. They have over $7 million in cash. Newmont is increasing its ownership in IRV by financing it at C$1.03 per share, a significant premium to the current share price.
  • Maritime Resources (MAE; C$0.04): They are buying the Point Rousee project from Signal Gold. And I wouldn’t be surprised if they bid for the now-defunct Rambler Mines. MAE can create good value if they do this combination right. To protect my downside, I wouldn’t buy it for more than C$0.04.
  • Rockcliff Metals (RCLF; C$0.035): RCLF is being acquired by Hudbay. At C$0.035, there would be a 19% arbitrage upside.
  • Nameson Holdings (HK:1982; HK$0.47): Nameson is a small knitwear manufacturing company catering to some of the top international brands. My clients and I have been invested in it for several years. The dividend yield is >10%. I expect the next dividend to be much higher.

The next Capitalism & Morality will be held on the 9th of September 2023. If this philosophy seminar interests you, please use the following coupon code to get a 10% discount rate: 1984. The ticket price will go up next week.

Original Source: https://jayantbhandari.com/hawala-rcf-mae-irv/

Jayant Bhandari

Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendations. I will not and cannot be held liable for any actions you take resulting from anything you read here. Conduct your due diligence, or consult a licensed financial advisor or broker before making any investment decisions. Any investments, trades, speculations, or decisions made based on any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.