City Investors Circle – London
The Market Review for October 2019 has been published, featuring comments on the precious and industrial metals, crypto, and a review of our covered companies news.
To receive the free monthly review, please email andrew@city-investors-circle.com
Cornish Lithium
Cornish Lithium, a private lithium exploration and development company based in Cornwall, broke new ground when they announced they were going to raise £1 million via a crowdfunding platform, Crowdcube.
Doubts that his was achievable have been quashed as the company have confirmed over £1.4 million has been raised so far, a fantastic result. This is a first for a British mining company. Continue reading
Kootenay Silver Inc. (TSXV: KTN)
Announced that the Company has signed a surface access agreement (the “Agreement”) with the local Ejido at the Copalito Project (“Copalito” or “Property”) located in the State of Sinaloa, Mexico. Continue reading
Thor Mining Plc {AIM / ASX: THR}
Crypto news
China has passed a new “crypto law”, regulating cryptography, to take effect on the 1st January 2020.
This establishes a new regulatory framework to set standards for cryptography applications and password usage. It is felt this is building the framework for a Chinese national cryptocurrency. Continue reading
Canuc Resources Corp. {TSX.V: CDA}
Has completed its final payment to Minerales y Carbones de Mexico SA de CV for the El Tule 1 claim. The agreement to purchase the claim was made in October, 2017, and the claim purchase has expanded the company’s San Javier project area by 151.14 hectares (373.47 acres). Continue reading
Barkerville Gold Mines Ltd. {TSX.V: BGM}
Entered into an asset purchase agreement with an arm’s-length vendor on Sept. 9, 2019, pursuant to which the vendor has agreed to sell to the company its 100-per-cent undivided legal and beneficial interest in and all right and title to certain placer tenures. The purchased assets are situated in the Cariboo district approximately one kilometre north of Bonanza Ledge. Continue reading
Tinka Resources Ltd. {TSX.V: TK}
Released assay results for three recent drill holes at the company’s 100-per-cent-owned Ayawilca project in Peru.
Results included 1.7m of 14.5%Zn, 1,130 g/t Ag. Continue reading
Neometals {ASX: NMT}
CEO Chris Reed has recorded a video interview explaining the rationale behind the signing of the MOU with the German SMS Group GMBH for the NMT li-ion battery recycling process
To listen to the video, please click Continue reading
Enviroleach Technologies Inc. {CSE: ETI}
Have entered into an agreement with and Golden Predator Mining Corp. (GPY.V) to use Enviroleach’s proprietary cyanide-free hydrometallurgical technology to extract gold from gravity concentrate produced at Golden Predator’s 3 Aces project. Continue reading
Tyranna Resources {ASX: TYX}
Have announced the sale and disposal of their interest in the “Jumbuck” project to Syngas, subject to ASX regulatory approval and the receipt of payment instalments. Continue reading
Crypto News
The Facebook backed Libra Association has agreed a governance structure after holding their inaugural meeting in Geneva, Switzerland.
This follows the setback of losing seven high-profile participants, including PayPal, Visa, Mastercard, and Ebay, who chose not to participate further with the project. Continue reading
Uranium Energy Corp {NYSE: UEC}
Reported that, in accordance with NYSE American requirements, the filing of the Company’s annual report on Form 10-K for the fiscal year ended July 31, 2019 with the U.S. Securities and Exchange Commission (the “SEC”). Continue reading
Neometals Ltd {ASX: NMT}
Announced that they have signed a preliminary deal with German metallurgical equipment supplier SMS Group GmbH, to commercialise NMT’s lithium-ion battery recycling technology. Continue reading
EnviroLeach Technologies Inc. {CSE: ETI}
Announced that it has been invited to present its break-through hydrometallurgical gold extraction technologies at the NGO Sustainability event at the United Nations in New York.
This event for UN delegates and Secretariat as well as the private sector and academia is to familiarise them with emerging technologies. Continue reading
Lithium Power International {ASX: LPI}
Confirmed that the Chilean Environmental Service has extended the EIA evaluation process for 60 days.
The Chilean regulations sets a timeframe of 120 business days for the final environmental evaluation of any project submitted in the country. It also grants a one-time extension, at its own discretion during the process, if needed to complete the evaluation. Continue reading
Canadian stock markets closed today
Due to holidays the Canadian stock markets will be closed today, and reopen Tuesday 15th October. Continue reading
Crypto news.
Facebook’s Libra association has suffered the lose of four more major companies, following the withdrawal of PayPal last week.
Visa, Mastercard, Ebay, and Stripe have now announced they will not participate in the project, with their reason rumoured to be concerns with running foul of US regulatory authorities. Continue reading
Silver Bull Resources {TSX.V: SVB}
Silver Bull Resources Inc. has provided results from an additional 11 drill holes on the Sierra Mojada project in Coahuila, northern Mexico.
NB. – Work is currently suspended at the site due to a blockade by locals. Continue reading
Cartier Resources Inc.{TSX.V: ECR}
Has entered into an agreement with Desjardins Securities Inc. under which the agent has agreed to sell, on a marketed private placement basis, 11,428,571 flow-through common shares of the company at a price of 21 cents per initial tranche A flow-through share.
A further 1,940,667 flow-through common shares which the company understands may be donated by the initial purchasers to charity of the company at a price of 28 cents per initial tranche B flow-through share for total gross proceeds of $2,943,387. Continue reading
