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Lithium Power Consolidate Ownership of Maricunga

Lithium Power International (ASX: LPI)

Announced it has entered into definitive binding agreements to consolidate 100% ownership of the Maricunga Lithium Brine project in Chile via two all scrip mergers with its JV partners, Minera Salar Blanco SpA  and Bearing Lithium Corp. (TSX.V: BRZ) […]  Continue reading

Minera Alamos Cerro De Oro Surface Rights Agreed

Minera Alamos Inc. (TSX.V: MAI)

Announced that it is in receipt of surface rights agreements for its Cerro De Oro gold project in northern Zacatecas, Mexico.

The agreements, finalized at meetings held last week will allow the Company to finish remaining activities necessary for the Permit Application submission for the project.  […]  Continue reading

GoldMining Inc. Options Almaden to NevGold

GoldMining Inc. (TSX: GOLD; NYSE: GLDG)

Announced that it has entered into an option agreement with NevGold Corp. and its subsidiary (TSXV:NAU) whereby NevGold’s subsidiary may acquire a 100% interest in the Company’s Almaden Project, located in Idaho, U.S.A.

The Agreement provides for total cash and/or share consideration to the Company from NevGold of up to C$16.5 million. [..] Continue reading

Uranium Energy Corp. Acquires UEX Corporation

Uranium Energy Corp. (NYSE American: UEC)

UEC and UEX Corporation (TSX:UEX), are pleased to announce they have entered into a definitive arrangement agreement, pursuant to which UEC will acquire all of the issued and outstanding common shares of UEX by way of statutory plan of arrangement.  […]  Continue reading

Mining Review Sunday Update PDAC 2022 Edition

Mining Review Sunday Update PDAC 2022

Another poor week for the junior mining sector as prices slid further downwards, with the TSX Venture Exchange Index down 9% in a week.

It was the week that Osisko Development announced the temporary closure and care and maintenance of the former Barkerville Gold’s Bonanza Ledge Mine in the Cariboo, due to the higher costs of mining.  […]  Continue reading

Osisko Development Close Barkerville Gold Mine

Osisko Development (TSX.V: ODV)

Announced that the former Barkerville Gold Mine at Bonanza Ledge in the Cariboo has been temporarily closed, and put on to care and maintenance, as a result of escalating costs effecting the mining industry.

Is this the first of many such closures due to escalating fuel prices and wages we ask ourselves?  […]  Continue reading

PDAC 2022 – Day 2

PDAC 2022 – Day 2 was much quieter

After the pandomonium of registration and police holding people outseide for hours on day 1, PDAC 2022 day 2 was much quieter.

The aisles were noticably easier to navigate and of those people walking around, there seemed to be very few investors, with some booth holders even saying to me they don’t go to PDAC to meet investors!  Continue reading

PDAC 2022 – Day 1 – Far Busier Than I Expected

PDAC 2022 – Day 1

I have to admit to being totally wrong about the numbers for the 2022 PDAC, as I saw unprecedented queues to register and enter the show Monday, the opening day.

Some people had to wait three hours from being held outside the building due to congestion in registration, to actually being handed their badge to enter the show. Continue reading

Toronto Metals Investor Forum Very Quiet

City Investors Circle

The Toronto Metals Investor Forum June 2022 followed the patern of recent mining conferences I have participated in, in being very lightly attended.

The only exception being the Global Mining Finance Conference in London a few days ago, which was full to capacity.  […]  Continue reading

Mining Review Sunday Update 12th June 2022

City Investors Circle Mining Review 12th June 2022

This week’s news was dominated by news from down under, with Gold Road and Calidus Resources putting out significant announcements. News from our Canadian watchlist was thin on the ground, with only Westhaven Gold putting out a drilling news release. […]  Continue reading

Can we Have a ‘Curse of the PDAC’ in June?

The PDAC begins in Toronto next Monday

For the first time ever the PDAC, the world’s largest mining trade show, takes place in June this year, delayed due to covid concerns from its traditional frost bite and chilblain inducing March slot.

Sadly the show is smaller this year, and one wonders whether the change of date is partly the reason for that?  We won’t know until next year, when, presumably, the how will revert ot its March slot.  […]  Continue reading

Global Mining Finance Conference Full and Standing

Global Mining Finance Conference, London

The final mining conference in London pre-summer took place yesterday, the Global Mining Finance Conference, and, despite tube strike issues, it was packed with every seat taken, and standing room only at the back.

Headline speakers were Goldmoney’s Head of Research, Alasdair Macleod, and CRU Consulting’s CEO, Rebecca Gordon. They were backed up with solid presentations by Anglo Asian Mining, Ariana Resources, CleanTech Lithium, and Pensana PLC. Continue reading

Calidus Resources Spear Hill “significant lithium find”

Calidus Resources (ASX: CAI)

Reported a “significant discovery of lithium pegmatite”, which now stretches over a distance of 43 km in the Pilbara region of Western Australia.

As a result, and as predicted here some time ago, Calidus is planning to spin out Pirra Lithium and IPO it on the ASX some time later this year. […]  Continue reading