Join us as we sit down with Eric Jensen the general manager of exploration for EMX Royalty as we discuss the latest exciting press release detailing 5 option agreements on battery metal projects located in Scandinavia. The projects (Flåt Project, Bamble Project, Brattåssen Project, Mjövattnet Project, and the Njuggträskliden Project) are located in Norway and Sweden and host Nickel, Cobalt, Copper, and Platinum Group Elements. Plus, shareholders will find out the latest developments on the existing royalty projects, such as the Cukaru Peki Copper Project in Serbia, when EMX plans to pay a dividend?!? Find out why Rick Rule is a shareholder of EMX Royalty right here!
🕘TIMESTAMP🕒 EMX share price review – :36 Company Introduction – 1:26 Production & Consumption on Nickel & Cobalt – 3:16 Scandanavian Mining Jurisdiction – 5:31 Copper supply and demand fundamentals – 7:40 Platinum Group Elements (PGE’s) Outlook – 10:48 How is EMX positioning shareholders to take advantage of battery metals – 12:07 EMX Royalty Executes Option Agreement on 5 Battery Metal Projects – 14:00 Overview of Swedish Projects – 16:39 Overview of Norwegian Projects – 17:50 Exploration Plans for 2021 – 19:07 Assay Results – 20:00 Capital Structure – 20:56 When will EMX begin paying dividends – 22:05 What are the latest updates from Serbia on the Cukaru-Peki Project – 23:27 What is the next unanswered question for EMX – 25:34 What keeps you up at night – 27:03 What did I forget to ask – 27:51
About EMX Royalty: EMX Royalty Corporation has a long-standing track record of success in exploration discovery, royalty generation, royalty acquisition, and strategic investments. Our diversified, three-pronged business approach provides exposure to multiple upside opportunities while minimizing the impact on EMX’s treasury.
EMX’s business model is designed to efficiently manage the risks inherent to the minerals exploration and mining industry. Key elements and resulting advantages of our unique approach are: We organically generate royalties through low-cost property acquisition and early-stage exploration to build value, and then develop partnerships with quality companies to advance the projects, with EMX retaining a royalty interest and receiving pre-production payments. Our organic royalty growth is supplemented by purchases of royalties from other parties, as well as strategic investments. Cash flow from royalties, advance royalties, and other property payments are supplemented by returns from strategic investments, and provide “self-funding” operating capital for our ongoing business initiatives. Using this model, we sustainably grow the royalty portfolio, with minimal dilution to our shareholders. EMX’s royalty and property portfolio spans five continents and consists of a balanced mix of precious metal, base metal, and other assets.
Hot Chili is a copper company listed on the Australian Stock Exchange (HCH:ASX). Our focus is copper exploration and development in Chile’s Atacama Region, and we aim to be one of the largest copper companies operating in the area.
Our Mission
Hot Chili has three key high-grade copper projects—Cortadera, Productora, and El Fuego—all located in close proximity to one another. In developing these projects, our copper mining company seeks to create a new Chilean mining hub called Costa Fuego. We believe this kind of project portfolio is special among junior copper mining companies.
Current Projects
The centerpiece of our copper company’s ambitious discovery program is our Cortadera copper-gold project. In addition to Cortadera, our Productora copper-gold project entered production in 2020 through a partnership agreement with Chilean government-owned ENAMI, and our El Fuego project encompasses two historic high-grade copper mines.
Cortadera
Until February of 2019, when Hot Chili entered into an agreement to acquire a 100 percent interest, Cortadera was privately owned and little was publicly known about the discovery. Since acquiring Cortadera, our Chile copper company has engaged in an aggressive discovery program. Our drill results already include six world-class copper-gold intersections in a single zone of mineralization. We believe that Cortadera may be one of the most signficant copper discoveries of the last decade.
Cortadera’s Maiden Mineral Resource (+0.25% CuEq) of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum.The Cortadera Maiden Mineral Resource includes a higher grade component (+0.6% CuEq) of 104Mt at 0.74% CuEq.
Productora
Productora is a large-scale, advanced stage copper-gold project. To date, there has been approximately US$100 million of investment at Productora, and the project is estimated to have probable reserves of 166.9 million tonnes grading 0.43% Cu, 0.09g/t Au and 138 ppm Mo. With our ongoing development of Productora, along with Cortadera and El Fuego (discussed below), Hot Chili aims to be one of the top copper mining companies in the area.
El Fuego
Hot Chili has a majority interest in the El Fuego copper project. The property encompasses two historic underground mines—San Antonio and Valentina. At one time, these were two of the highest grade copper mines in the region. Both sites, however, were under private ownership for 50+ years, and modern exploration of these copper companies was minimal.
Our Team
Our executives, directors, and technical staff are based in Australia and Chile. Together, they have many decades of experience in the copper mining industry, particularly in Chile and Latin America. They are backed by the support of an impressive consulting and advisory team, which includes the likes of Dr. Steve Garwin, a copper and gold porphyry expert who played an instrumental role in identifying the potential for a major copper-gold discovery at Cortadera, and whom is leading the exploration efforts at our Chile copper projects.
About Hot Chili Limited
Hot Chili (HCH) is an ASX-listed Australian mineral exploration company, well advanced in developing its portfolio of copper projects on the coastal range in Region III, Chile.
“We are starting to see a clearer picture develop around which lode structures are deep-tapping and likely prospective for high-grade gold mineralization,” commented Dr. Quinton Hennigh, technical advisor to Lion One. “Our recent shallow drilling shows that the URW1 lode is one of these. We are seeing very high gold grades in this lode, a likely product of deep-sourced gold-rich fluids having utilized this structure as a main conduit at the time of gold deposition. This bodes well for deep potential on this structure, too. In addition to these exciting shallow results, we are seeing yet further high-grade intercepts in our deep target regime that bolster our confidence in that part of the system. We hope to generate a long stream of such exciting drill intercepts as we ramp up our drill program at Tuvatu through the early part of 2021 and beyond.” Hamish Greig 604-973-3008 Joe Gray 604-973-3004 Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Website: www.liononemetals.com
About Nevada Copper Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
For further information contact: Rich Matthews, Investor Relations Integrous Communications rmatthews@integcom.us +1 604 757 7179
Nav Dhaliwal, Interim President and CEO for Pacton, commented, “The 2D survey results targeting the PureGold Mine property and 13 line km of Pacton’s Red Lake project are very encouraging, as is PureGold’s decision to begin preparation to follow up with a 3D survey including 94 line km over Pacton’s claims. We now have a number of new, priority targets for our current drill program, and we are working with PureGold to assist with permitting the additional survey.”
For more information, please contact 1-(855)-584-0258 orinfo@pactongold.com.
Greg Johnson, CEO and Chairman of Metallic Minerals, stated, “Uplisting our common shares is an important step in the advancement of Metallic Minerals, particularly as we have seen a marked increase in interest from U.S. precious metals investors against the backdrop of increasing silver prices over the past 1 ½ years. With a limited number of primary silver exploration opportunities, and particularly those in top North American mining jurisdictions, we are confident this new visibility will improve trading volumes and liquidity as we continue to introduce Metallic Minerals to new investors in the U.S.”
“We’re pleased to get the 2021 drill program underway,” said president and CEO of Azincourt, Alex Klenman. “East Preston has had only 12 holes drilled to date, and these early results confirm we have the right basement unconformity uranium setting with the right rocks, structure and alteration. We’re still very early in the exploration phase, and with the recent geophysics program adding significantly to the drill target inventory we’re confident we’re on the path to discovery. We’re looking forward to continuing the development of East Preston,” commented Mr. Klenman.
For further information contact : Spencer Coulter
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Email: info@skyharbourltd.com
Copper is on a bullish tear- More upside in 2021 in all metals
China is a massive buyer- A reason the US is next
Nevada Copper- A strong management team with solid financing
Proven and probable reserves in the US with the potential for more
An emerging producer- Risk-reward and the value proposition favors lots of upside
Finding value in the stock market is a challenge these days. At the end of 2019, Tesla shares were trading at a split-adjust level of below $90 per share. On December 18, they were at $695. Returns like that are hard to come by; they require taking a fair amount of risk. Elon Musk had more than his share of detractors in late 2019. In 2020, they became very quiet.
As we move into 2021, we are hopeful the global pandemic will fade into our rearview mirror. Vaccines that create herd immunity to the virus are already becoming available. However, the economic legacy of a tidal wave of liquidity and tsunami of stimulus will remain a reminder of the costly coronavirus.
The 2008 global financial crisis was a far different event than the 2020 pandemic. However, central banks and governments employed the same financial tools. The only difference was in 2020; the levels were much higher. In 2008, the US Treasury borrowed a record $530 billion to fund the stimulus. In May 2020, the Treasury borrowed $3 trillion. The inflationary liquidity and stimulus ignited a secular rally in the raw materials asset class.
From 2008 through 2011, copper’s price exploded from $1.2475 to $4.6495 per pound. The price rose by over 3.7 times. In March 2020, the price of copper dropped to a low of $2.0595. If history repeats, the target for the red metal could be much higher than the 2011 record peak.
Nevada Copper Corporation trades under the symbol NEVDF in the OTC market or NCU.TO on the Toronto Stock Exchange. Nevada Copper is an emerging mid-tier copper producer that could provide incredible returns in a rising copper market.
Copper is on a bullish tear- More upside in 2021 in all metals
In 1988, the copper price rose to a record high of $1.6085 per pound in the futures market. It was not until 2005 that the red metal made a higher high.
Source: CQG
The long-term quarterly chart highlights the ascent of copper. The nonferrous metal has made higher lows since 2001. Technically, copper looks poised to reach a new all-time peak over the coming years. Price momentum and relative strength indicators point to a bullish trend as we move into 2021. After moving to a higher low in March, copper has posted gains over the past three consecutive quarters and has broken out to the upside.
Source: CQG
The monthly chart illustrates price gains in nine of the past ten months. The next level of technical resistance stands at the 2012 peak at just below $4 per pound, a gateway to the record high at $4.6495 from 2011. Central bank and government monetary and fiscal policies are rocket fuel for the red metal and many other commodities as they weigh on fiat currencies’ purchasing power. The London Metals Exchange is the leading trading venue for copper and other base metals.
Source: LME/Kitco
The chart shows that copper inventories on the LME are closer to the lows than the highs over the past five years. At below 106,000 tons as of January 6, the low level of stockpiles is an indication that the fundamental equation is tight and favors the upside for the red metal.
China is a massive buyer- A reason the US is next
China is the demand side of the equation for copper and many other commodities. With 1.4 billion people and the world’s second-leading economy, the Chinese require massive copper inflows for infrastructure building each year.
The global pandemic has caused the US economy to falter. The high level of unemployment is a substantial challenge for the incoming Biden administration. Meanwhile, there is bipartisan support for an infrastructure rebuilding program that would make jobs available and repair the crumbling roads, bridges, tunnels, airports, government buildings, schools, and other infrastructure parts over the coming years. An infrastructure package would increase US demand for copper and other construction materials.
Meanwhile, we are likely to see demand for copper increase at a time when the expanding money supply is already pushing the price higher, creating an almost perfect bullish storm for the base metal.
Nevada Copper- A strong management team with solid financing
In the mining business, experienced management is critical for success. Glencore is one of the leading commodity producers and trading companies in the world. Nevada Copper’s CEO, Mike Ciricillo, was the former head of global copper assets at Glencore.
Pala Investments is a company dedicated to value creation in the mining sector. Nevada Copper’s Chairman Stephen Gill is a managing partner at Pala.
Tom Albanese, the company’s leading independent director, is the former CEO of Vedanta Resources, one of the world’s leading diversified natural resource companies with operations in India, South Africa, Namibia, and Australia. The company is a producer of oil, gas, zinc, lead, silver, copper, iron ore, steel, and aluminum. He was also Rio Tinto’s CEO. Rio Tinto is a global leader in raw materials production with a market cap of over $95 billion.
Nevada Copper has an all-star team at its helm. The company can finance through a senior debt facility at a low rate of interest backed by the German government. Management has arranged for off-take agreements for its copper concentrates.
Proven and probable reserves in the US with the potential for more
Nevada Copper owns mining properties and rights in the US in a region ranked in the top three in mining jurisdictions by the Fraser Institute in 2019. The Canadian Institute is a think tank that researches natural resources and other areas that impact Canadians’ quality of life.
The company has mineral resources of six and one-half billion pounds of copper, including underground and open pit measured and indicated resources.
The desert climate and local typography in Nevada are optimal for efficient and eco-friendly mining. The company uses a dry-stack method for tailings, which achieves a high percentage of recycled water and no tailings dam requirement.
Nevada Copper has strong support from the local community and all levels of Nevada’s state government for its projects and is fully permitted. It is the first producer in the area since 1978 with a large copper inventory in the earth’s crust. And, Nevada Copper has the only processing permit in the district.
Meanwhile, the underground mine is currently in production, with commercial output targeted mid-year of 2021. The company has a net present value of $421 million in post-tax revenues at $3.50 per pound, which does not include the pre-production open pit project. The copper price is already above that level. With over 13 years of remaining mine life, the project has another 680 million pounds of inferred resource available.
The next phase of projected output will come from the open pit, fully permitted for production with five billion pounds of copper, measured and indicated. The net present value of this reserve is approximately $1.2 billion, post-tax at $3.50 per pound.
Additionally, Nevada Copper is exploring for metals on over 16,000 acres in the region. The company’s current market cap of $150 million makes for a compelling value proposition.
On January 6, the company announced a steady increase in performance from its Pumpkin Hollow underground project. The CEO, Mike Ciricillo, commented:
“Theteam continues to improve the performance both at the mine and processing plant, evidenced by the operational metrics for December. Most importantly, they have done it safely. In addition, the commissioning of the main hoist system is progressing well, with the shaft reaching its full production speed further enabling the ramp-up to our goal of 5,000 tpd of hoisted material. We are well on our way to show the potential of the Pumpkin Hollow Underground Project.”
The company also announced it closed the previous announcement amendment to its existing senior credit facility on December 30, 2020. The amendment included a $15 million increase in the loan amount and a deferral of $26 million of planned debt service until 2023. Nevada Copper drew down the fill $15 million on December 30, 2020. The full details of the latest new can be accessed via this link.
An emerging producer- Risk-reward and the value proposition favors lots of upside
Emerging producers carry lots of risk in the world of commodities. However, the reward is always a function of risk in all markets. An experienced management team with a top-notch pedigree, production permits in a copper-rich area in Nevada, in the politically stable United States, and the prospects for a rising copper price make Nevada Copper a company to put on your investment radar. Nevada Copper trades on the Toronto Exchange under the symbol NCU.TO
Source: Barchart
Since November 2, the stock has traded from a low of 5.0 cents to a high of 13.3 cents per share on January 6. NEVDF, the US OTC shares, has a market cap of $192.14 million and trades an average of over one million shares each day. At 13.30 cents on January 6, NEVDF is a company that could offer incredible growth over the coming years. A rising copper price in a world where demand is increasing will support more production. There is always lots of risk in stocks that trade for pennies. However, NEVDF/NCU.TO is a company that could be trading for dollars as the prospects for the red metal look bright.
It is always challenging to identify companies that can experience explosive growth. A reward is always a function of risk. Nevada Copper could be one of those diamonds in the rough in the mining business for 2021 and beyond.
Written By: Andrew Hecht, on behalf of Maurice Jackson of Proven and Probable.
Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This document does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
