The company reported an operations update and guidance for the remainder of 2022, which included the requirement to raise another C$50 million, which spooked the market and the shareprice slumped as a result.
By announcing the financing in advance, the price has sold off and obviously this has disadvantaged current holders as they will be diluted further as a result of a discounted placing. […] Continue reading
Neometals (ASX: NMT)
The battery recycling JV between Neometals and Primobius, has officially opened its 10tpd commercial lithium-ion battery recycling plant in Hilchenbach, Germany.
Operations planned at 10tpd to commence in Q2 2022 pending receipt of operating permit. Continue reading
Gold Road Resources (ASX: GOR) announced their Full Year Results for 2021, and declared a dividend of 0.5 cents for the second half of the year.
New profit after tax and basic EPS were roughly 50% down YOY, and mill performance issues were cited as being partly responsible. […] Continue reading
Cornish Metals Inc. (TSX.V / AIM: CUSN)
Announced that, subject to approvals, the Company plans to raise gross proceeds of up to £40,500,000 (C$66,800,700).
This comprises one share priced at 18p (C$0.30) per common share and a warrant to purchase one common share priced at 27p (C$0.45) for 36 months. […] Continue reading
Mining Review Market Update 27th March 2022
Another week of chaos in the world making markets very hard to predict.
Nickel continues to rise again as longs have a trapped short, the Chinese ‘Big Shot’ cornered, and sense some easy blood. Continue reading
Updated the market in respect of their Latrobe Valley magnesium Project.
The site is now remediated and ready for major construction. Project activities continue with the achievement of 30% engineering, completion of the early works program, and the tendering of key long lead time equipment. Continue reading
Calidus Resources Limited (ASX: CAI)
Announced highly promising results from a stream sediment sampling program at its Blue Spec gold project, located 75km from the Company’s Warrawoona Gold Project in WA’s Pilbara.
The results come from Blue Spec West, which is immediately along strike of the high grade 219,000 oz Au Blue Spec Project. Continue reading
Silver Tiger Metals Inc. (TSX.V: SLVR)
Has intersected 2,239 g/t silver equivalent over 9.2 meters in the Sooy Vein in Drill Hole ET-21-296 from 36.6 meters to 45.8 meters within a broader mineralized interval of 19.0 meters grading 1,101.2 g/t silver equivalent from 26.8 meters to 45.8 meters. […] Continue reading
Los Cerros Limited (ASX: LCL)
Announced a maiden Mineral Resource Estimate (MRE) for the Tesorito Gold Porphyry of 1.3 m OZ Au, a near surface gold porphyry discovery, which is part of the Company’s 100% owned Quinchia Gold Project (Quinchia), in Risaralda – Colombia.
This grows the Quinchia Project to 2.6Moz gold Including a High Grade potential “starter pit” of 0.54Moz at 1.23g/t Au. […] Continue reading
Calidus Resources (ASX: CAI)
Released an updated corporate presentation for the Euroz Conference.
Reported their Half Year Report and Accounts. […] Continue reading
Orla Mining (TSX: OLA)
Provided an exploration update and overview of targets and program objectives for its Camino Rojo and Cerro Quema Projects for 2022.
Exploration spending for 2022 is expected to total $15 million, with $10 million allocated to activities in Mexico and $5 million allocated to activities in Panama. Continue reading
Los Cerros Ltd. (ASX: LCL)
The company have requested a trading halt for their shares listed on the ASX.
The reason is for the release of price sensitive information. Continue reading
Mining Review Sunday Update 20th March 2022
Nickel prices are back to normal, whatever that is, after a strange week where trading on the LME was interrupted several times, after deals were reversed earlier, ostensibly to bail out a horrendously underwater Chinese trader.
Gold remains above $1900 per ounce, despite interest rate rises this week being less than anticipated. Continue reading
Maple Gold (TSX.V: MGM)
Reported positive results of an updated Mineral Resource Estimate for the Douay Gold Project in Quebec, Canada, which is held by a 50/50 JV between the Company and Agnico Eagle Mines Limited.
Total contained gold ounces at Douay have increased along with further conversion from Inferred to Indicated Resources categories based on successful exploration and infill drilling. […] Continue reading
Banyan Gold Corp. (TSX.V: BYN)
Announced analytical results from 21 diamond drill holes drilled during the Company’s 2021 exploration program at the Powerline deposit located on the AurMac Property.
Cornish Metals Inc. (TSX.V / AIM: CUSN)
Announced that it has reached an agreement, through a wholly-owned subsidiary of the Company, to sell a 1% Net Smelter Returns Royalty (NSR) on its Sleitat tin-silver project in Alaska to Electric Royalties Ltd. (TSX-V:ELEC) […] Continue reading
GoldMining Inc. (TSX: GOLD / NYSE American: GLDG)
Announced that it has acquired an existing 1% net smelter return (“NSR“) royalty on the Company’s Yarumalito Project in Colombia from Newrange Gold Corp. […] Continue reading
Neometals Ltd (ASX: NMT)
Notes the press release made today by Mercedes-Benz AG.
Mercedes-Benz has advised that its wholly owned subsidiary LICULAR GmbH plans to cooperate with Primobius GmbH the incorporated joint venture company owned 50:50 by Neometals and SMS group GmbH. […] Continue reading
Zentek Ltd. (TSX.V: ZEN)
Have updated the market following a claim in the media that the company are in receipt of a court action by UK based Graphene Composites, alleging IP theft.
The company have stated that they consider the claim “frivolous and without merit”. […] Continue reading
City Investors Circle Mining Review 13th March 2022
Metal prices were heavily influenced by the Ukrainian conflict, with nickel making the headlines due to the price rising to $100,000 on the LME, before the market was closed as trading was becoming irrational.
Thermal coal also rose strongly in price as countries such as Germany move to secure supply to possibly replace Russian gas. Uranium rose strongly as Russia supplies 16% of US uranium imports. Continue reading
