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New Age Metals $NAM.ca Commences Drilling at River Valley #PGM #Platinum #Palladium Project Near Sudbury $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 8:46 AM on Thursday, March 26th, 2020
  • The River Valley Project is one of North America’s largest undeveloped primary Platinum Group Metal (PGM) projects. The Project has excellent infrastructure and is within 100 kilometres of the Sudbury Metallurgical Complex. The Project is 100% owned by New Age Metals
  • The Company has contracted Jacobs & Samuel Drilling Ltd of Val Caron, Ontario to conduct a phase one 1,600 metre drill program at the River Valley Project and drilling has begun
  • The Company completed a $2M financing on February 3, 2020. The primary use of proceeds will be to follow-up on recommendations from the 2019 Preliminary Economic Assessment (PEA)
  • Eric Sprott became a strategic shareholder and has an 18.56% ownership of the Company’s current issued and outstanding shares on a post-conversion beneficial ownership basis
  • In January, the Company announced that it engaged IBK Capital Corp to assist the Company in evaluating strategic alternatives to maximize shareholder value
  • The Company is actively seeking an option/joint venture partner for its Genesis PGM Project in Alaska and for our Lithium division in Manitoba

March 26th, 2020  – Rockport, Canada – New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) Harry Barr, Chairman & CEO, stated; “New Age Metals is pleased to announce that the company is about to commence the next phase of drilling at the River Valley PGM deposit near Sudbury, Ontario. The company plans to drill about 1,600m of core in five holes to test high-priority targets within and adjacent to the Pine Zone and Dana North Zone of the River Valley deposit. This drill program is the first phase of our 2020 exploration and development program, and will run through April. The Company continues to monitor the COVID-19 pandemic and is evaluating the potential risks to our staff and contractors. In light of the fluid nature of events the Company would like to note that there is no certainty that the current exploration activities will be completed without interruption.”

The purpose of the drill program is to test three Pine Zone target types: 1) induced polarization (IP) chargeability highs from the 2017 geophysical survey for extensions of the Pine Zone or new discoveries in the footwall to Dana North; 2) potential extensions of higher-grade trends external to the current mineral resources in the Pine Zone; and 3) whether and how the Pine Zone may be connected to the Dana North Zone at depth. The connection of the two zones is currently modelled, based on the available drilling, as a major SSE-plunging fold. The drilling will test for evidence of such folding, including the potential presence of thickened and higher-grade PGM sulphide mineralization within the fold nose. See Figure 1 below for the planned drill hole locations in the upcoming phase one program.


Click Image To View Full Size

Figure 1: Location of planned drill holes (labelled) and previous drill holes plotted on an inverted IP chargeability plan (coloured) and a 3-D wireframe model of the Dana North and Pine Zones, River Valley PGM Project near Sudbury, Ontario

Since the two discovery holes in 2015, 19 more holes have been drilled into the Pine Zone. All the holes except one intersected the zone. Examples of some of the better intersections are: 4.03 g/t Pd+Pt+Au over 9m from 145m in hole 2015-DN002 and 3.22 g/t Pd+Pt+Au over 4m from 202 m in hole 2016-DN-T2-10. More details can be found in the various press releases on the New Age Metals website. The Pine Zone remains open along strike and at depth with an interpreted SSE dip/plunge direction.

AGORACOM

Further to news release of March 17, 2020, the Company has issued 271,200 common shares at a deemed price of $0.05 per share to Agora Internet Relations Corp. (“Agoracom”). The securities issued represent the first payment for services under the terms of the agreement and are subject to a four month plus one day hold period expiring July 26, 2020.

About NAM

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The Company has two divisions; a Platinum Group Metals division and a Lithium/Rare Element division. The PGM division includes the 100% owned River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 kilometres from Sudbury, Ontario as well as the Genesis PGM Project in Alaska. The Lithium division is the largest mineral claim holder in the Winnipeg River Pegmatite Field where the Company is exploring for hard rock lithium and various rare elements such as tantalum and rubidium. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 136,876,766 shares issued to date.

Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. Any questions or comments can be directed to [email protected] or Harry Barr at [email protected] or Cody Hunt at [email protected] or call 613 659 2773.

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If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.

Qualified Person

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Bill Stone, P.Geo., a consulting geoscientist for New Age Metals. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

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.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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Posted in Featured, New Age Metals | Comments Off on New Age Metals $NAM.ca Commences Drilling at River Valley #PGM #Platinum #Palladium Project Near Sudbury $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

#Palladium, #Platinum Soar on S. Africa Lockdown SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 11:44 AM on Wednesday, March 25th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium, Platinum Soar on S. Africa Lockdown

  • Palladium eyes biggest daily gain since 2001
  • Platinum on track for biggest daily gain since 2008

By Sumita Layek

March 24 (Reuters) – Palladium soared as much as 15% on Tuesday, on track for its biggest daily gain since 2001 as major producer South Africa was locked down due to the coronavirus outbreak, while U.S. gold futures surged over 4% as fresh stimulus stopped a cash hunt among investors. 

Palladium jumped 11% to $1,907.31 per ounce by 11:03 p.m. EDT (1503 GMT), while platinum gained 6.6% to $684.80. 

“The market focus is starting to turn to some of these supply disruptions that the virus brings. South Africa is clearly the main one,” said Saxo Bank analyst Ole Hansen. 

“So, the focus has shifted somewhat from the risk to having a major drop in demand to the equally challenging condition where we’ve supplies struggling to find its way through to the buyer of the metal.”

Platinum prices were set for their biggest daily gain since 2008.

“The country accounts for some 70% of global platinum mined supply and 35% of palladium, with a 21-day lockdown possibly resulting in a 4% and 2% of 2020 supply reduction respectively,” said Dmitry Glushakov, Head of Metals & Mining Research at VTB Capital.

Spot gold was up 3% at $1,599.31 per ounce, while U.S. gold futures climbed 4.2% to $1,633.90.

The price difference between spot gold and U.S. gold futures widened to as much as $65 during the session as a rush of buying met with poor liquidity in the London market.

“The massive Fed stimulus and QE program continues to support gold as it erodes the currency (U.S. dollar). Hard assets are going to be in vogue in that environment,” said David Meger, director of metals trading at High Ridge Futures. 

“The pressure is lifted, we’re no longer seeing the indiscriminate selling, to the contrary, we’re seeing the cream rise to the top.” 

Wall Street jumped at the open on signs that Washington was nearing a deal on a $2 trillion economic rescue package. [MKTS/GLOB] 

The Fed announced unlimited quantitative easing and programmes to support credit markets on Monday. The move triggered a dip in the dollar. 

Also helping bullion, three of the world’s largest gold refineries said they had suspended production in Switzerland for at least a week to curtail the spread of the contagion. 

Meanwhile, U.S. business activity contracted further in March, hitting a record low as the coronavirus pandemic depressed activity in both the manufacturing and services sectors.

Source: https://www.nasdaq.com/articles/palladium-platinum-soar-on-s.-africa-lockdown-gold-jumps-2020-03-24

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Posted in New Age Metals | Comments Off on #Palladium, #Platinum Soar on S. Africa Lockdown SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

AGORACOM Welcomes New Age Metals $NAM.ca A North American Leader in PGM and Lithium Exploration- River Valley #PGM Project hosts 2.9Moz #Palladium Equivalent (Measured & Indicated) $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:50 AM on Tuesday, March 17th, 2020

(NAM:TSXV)


A Green Metals Company

  • New Age Metals has two divisions which focus on the exploration and development of green metals: Platinum Group Metals and Lithium

i.) PGM Division: focus on development of the 100% owned River Valley PGM Project.

ii.) Lithium Canada: focus on exploration of hard rock lithium, in Manitoba, Canada.

  • Eric Sprott is a strategic shareholder and has an 18.56% ownership of the Company’s current issued and outstanding shares on a post conversion beneficial ownership basis

PGM DIVISION – River Valley PGM Project near Sudbury, ON

  • Largest 100% owned undeveloped primary PGM project in North America, Palladium is the main payable metal accounting for 65% of revenue stream based on 2019 PEA.
  • 1:0.4 (Pd:Pt).
  • Excellent infrastructure and within 100 kilometers of the Sudbury Metallurgical Complex.
  • NI 43-101 Mineral Resource Estimation Q1 2019.
  • PEA Q3 2019.
  • 2020 plan to follow up on PEA recommendations.

Preliminary Economic Assessment demonstrates positive economics for a large-scale open pit mining operation.

PEA Highlights (CDN$):

  • Life of mine (LOM) of 14 years, with 6 million tonnes annually of potential process plant feed at an average grade of 0.88 g/t Palladium Equivalent (PdEq) and process recovery rate of 80%, resulting in an annual average payable PdEq production of 119,000 ounces.
  • Pre-Production capital requirements: $495 M.
  • Undiscounted cash flow before income and mining taxes of $586M.
  • Undiscounted cash flow after income and mining taxes of $384M.
  • Average unit operating cost of $19.50/tonne over the life-of-mine.
  • Potential for up to 325 jobs at the peak of production.
  • Using March 11, 2020 spot Palladium price (US$2,275/oz) River Valley Project After-tax IRR is 30% and After-tax NPV (5%) is $C858M.
Map-nam-1

Figure 1: River Valley Project site map including results from the 2019 Mineral Resource Estimate by zone.2020 River Valley Project Exploration & Development Plan

Management has developed a three-phase exploration and development plan for the balance of 2020. 

  • Phase One will focus on drilling to expand the boundaries of the Pine Zone discovery and to generate rhodium data for future mineral resource estimations.
  • Phase Two will involve drill testing further geophysical targets in the Northern area of the project, identified in the 2017/2018 induced polarization surveys. The target areas to be drill tested in this program are outlined in Figure 1.
  • Finally, Phase 3 will be focused on metallurgy – with the primary objective being to improve process recoveries of platinum metals, particularly palladium and including rhodium. We plan to start Phase 1 in early Q2-2020.
  • Note that each phase is contingent on success from the previous phase.
nam-map-2

PGM DIVISION – Genesis PGM-Cu-Ni Project in Alaska

On April 18, 2018 New Age Metals acquired the Genesis Platinum Group Metals Project.

nam-map-4

Figure 3: Genesis Project location map. The road accessible Genesis PGM-Cu-Ni Project adjacent to Richardson Highway and 138 kv electric lines. The project is 460 road kilometers to Fairbanks, Alaska and 120 road kilometers to the all-weather port city of Valdez

  • The Genesis project’s PGM-Cu-Ni mineralization is hosted in the Tonsina mafic-ultramafic complex, an undrilled, virtually unexplored layered mafic-ultramafic complex. Recent petrology indicates the Genesis mineralization is similar to the Stillwater and Great Dyke complexes.
  • Known PGM mineralization covers a distance of 9 km across the prospect.
  • The Genesis PGM-Cu-Ni Project is an under explored, highly prospective multi-prospect drill ready property that warrants follow-up drilling, additional surface mapping, sampling to expand the known footprint of mineralization and to determine the ultimate size and grade of the layered mineralization outlined to date.
  • The stable land status, ease of access and superb infrastructure make this project prospective for year-around exploration, development and production.
  • Summer 2019 exploration efforts doubled the strike length of prospective mineralization at our road accessible Genesis PGM-Ni-Cu Project in Alaska.
  • Currently, New Age is seeking an Option/Joint Venture Partner to assist in the exploration and development of this project.
  • Drill ready PGM-Ni-Cu reef style target with 2.4 grams/ton Palladium (Pd), 2.4 grams/ton Platinum (Pt), 0.96% Nickel (Ni), and 0.58% Copper (Cu).
  • Reef mineralization is open to the west, east, north, and at depth
  • Mineralized reef identified in outcrop for 2000 m along strike and a 40 m true thickness
  • Separate style of chromite mineralization contains Platinum Group Metals (PGM) up to 2.5 g/t Pd and 2.8 g/t Pt.
  • No historic drilling has been done on the project.
  • Project is within 3 km of a paved highway and electric transmission line.

Lithium Division

New Age Metals is the largest mineral claim holder in the prolific, Winnipeg River – Cat Lake Pegmatite Field. All of the claims are held by Lithium Canada Development, a 100% owned Lithium Division of New Age Metals. The company presently has eight Lithium Projects in the region which are along strike of the Tanco Pegmatite and the claims encompass several pegmatite groups. 

Situated around the Tanco Mine which in 2019 was acquired by Chinese miner Sinomine, the projects are located 140 kilometres northeast of Winnipeg, Manitoba.

  • Three of the projects are considered drill ready. Lithium One, Lithium Two and Lithman West
  • Active exploration of the claim holdings is ongoing.
  • New Age Metals has signed an exploration agreement with the Sagkeeng First Nation in regards to the exploration and development of any of the company’s claims that are located on traditional Sagkeeng territories.
  • The Tanco Mine was one of North America’s only producers of Tantalum, Cesium and Lithium minerals (Spodumene), with the mine opening in 1969. Owned by the Cabot Corporation as of 1993 until 2019, when Chinese miner Sinomine purchased from Cabot for US$130M.
  • Presently the Tanco Mine produces Cesium Formate, a completion fluid for the petroleum industry.
  • Management is actively seeking a qualified and dedicated Option Joint Venture Partner to assist in the exploration and development of these highly prospective projects.
Lithium-Projects-locations-1
map-nam-5

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Posted in AGORACOM Clients (New), All Recent Posts, Featured, New Age Metals | Comments Off on AGORACOM Welcomes New Age Metals $NAM.ca A North American Leader in PGM and Lithium Exploration- River Valley #PGM Project hosts 2.9Moz #Palladium Equivalent (Measured & Indicated) $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

The most expensive #metals and where they are mined #Palladium SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 5:00 PM on Wednesday, March 11th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

The most expensive metals and where they are mined

  • Palladium is the most expensive of the four major precious metals – gold, silver and platinum being the others.
  • It is rarer than platinum, and is used in larger quantities for catalytic converters.
  • In the near-term, the demand for metals used in catalytic converters is expected to be steady, buoyed by growing automotive sales in Asia.

By Matthew Hall

Palladium

Rhodium’s little brother palladium also did well out of the Dieselgate scandal. After sales of diesel vehicles slumped and petrol alternatives came back into fashion, platinum – used primarily in catalytic converters for diesel vehicles – took a tumble, while petrol-friendly palladium rose.

Palladium is the most expensive of the four major precious metals – gold, silver and platinum being the others. It is rarer than platinum, and is used in larger quantities for catalytic converters. In the near-term, the demand for metals used in catalytic converters is expected to be steady, buoyed by growing automotive sales in Asia. However, the increased uptake of battery-electric vehicles – which do not use catalytic converters – could see palladium demand take a hit.

Russia00n mining company Nornickel is the top global palladium producer, pulling up 86 metric tons of the metal in 2019.

Rhodium

Relatively unknown to the layperson, rhodium is quietly one of the hottest trades right now, after a price surge of more than 30% this year. Rhodium previously peaked – and quickly crashed – in 2008 at more than $10,000 per troy ounce (ozt), but the metal is now trading above that 2008 high on the back of a swell in demand from the automotive industry.

Rhodium is used in catalytic converters, a part of vehicle exhaust systems that reduce toxic gas emissions and pollutants. According to S&P Global Platts, almost 80% of demand for rhodium and palladium comes from the global automotive industry. Fortunately for South Africa at least, around 80% of all rhodium is mined within its borders.

Part of the reason for the metal’s price leap is its rarity. Annual rhodium production sits at around 30 tonnes – to place that in context, gold miners annually dig up between 2,500 and 3,000 tonnes of the precious metal. Rhodium also benefitted from the Volkswagen emissions scandal, or Dieselgate, the 2015 emissions scandal that rocked the automotive industry. With major economies including China and India tightening emissions rules, platinum group metals (PGM) miners are anticipating good times ahead for rhodium.

Gold

Part durability, part tradition, gold is among the most versatile commodities. Primarily used in jewellery, but also having significant applications across electronics and aerospace due to its durability and conductivity, gold is, to put it plainly, everywhere.

Source: https://www.mining-technology.com/features/five-most-expensive-metals-and-where-they-are-mined/

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Posted in New Age Metals | Comments Off on The most expensive #metals and where they are mined #Palladium SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

#Palladium, #rhodium demand to remain, despite #virus outbreak SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 5:40 PM on Thursday, March 5th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium, rhodium demand to remain, despite virus outbreak: analyst

  • Though the coronavirus outbreak may affect near-term automobile demand, long-term demand for palladium and rhodium will remain unchanged

By: Nick Jonson

Washington — Though the coronavirus outbreak may affect near-term automobile demand, long-term demand for palladium and rhodium will remain unchanged unless automakers substitute for other metals, managing director Frederic Panizzutti of MKS Dubai said.

“If I was a carmaker, I would definitely stock palladium while the price is lower, and I believe this is going to keep palladium strong, even if the demand goes down in China, the UK, or the demand for parts decreases,” Panizzutti said in an interview this week.

Rhodium and palladium, along with platinum, are used in automobile catalytic converters to control emissions of certain greenhouse gases and pollutants.

“It’s a bargain for car manufacturers to be able to acquire palladium if it goes lower; it’s been a one-way street for months now,” Panizzutti said, referring to the recent rallies in palladium and rhodium.

NYMEX palladium has risen nearly 25% since the start of the year to reach an intraday high of $2,789.80/oz on February 27. NYMEX palladium for June delivery closed at $2,469.40/oz on Thursday.

Rhodium, which is not traded on major exchanges, has risen nearly 114% since the start of the year. The Platts New York Dealer rhodium price was assessed at $12,700-$13,000/oz on February 27.

Analysts have attributed the sharp price increase to automakers trying to secure enough metal for catalytic converters that meet new emissions standards in China, India and Europe, as well as the US and UK.

Further spread of the coronavirus outbreak globally could reduce automobile demand, along with the projected 1 million oz supply deficit in palladium, Panizzutti said.

The China Passenger Car Association on Wednesday said new car sales in China had plummeted 80% in February from a year ago, the biggest monthly decline on record, though it declined to provide a figure.

Analysts attributed the declining sales to government restrictions to limit the spread of the coronavirus in China, where it began in Hubei Province. Hubei is a major auto manufacturing hub in China.

But even if the coronavirus outbreak becomes a global pandemic, governments and businesses will have to adapt as they do nearly every year with widespread influenza outbreaks, Panizzutti said.

Automobile production, and by extension palladium and rhodium demand, would continue, though possibly at a lower rate, he added.

PLATINUM SUBSTITUTION

“I believe the palladium price now is far over the threshold that automakers are willing to accept,” Panizzutti said.

But substituting platinum for palladium in catalytic converters takes time due to design and testing procedures, he noted.

“In my opinion, it should happen, whether it takes several months or longer because the palladium situation is unsustainable. And I see no reason why the situation should change if nothing changes in the supply/demand balance,” Panizzutti said.

“And the only way to change the supply/demand balance is to switch partially or totally from palladium to platinum. If there is no switch, the situation will be the same and will remain a struggle for manufacturers to get hold of material,” he said.

Source: https://www.spglobal.com/platts/en/market-insights/latest-news/metals/030520-palladium-rhodium-demand-to-remain-despite-virus-outbreak-analyst

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Posted in New Age Metals | Comments Off on #Palladium, #rhodium demand to remain, despite #virus outbreak SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

AGORACOM Clients Attending PDAC 2020 $AFF.ca $AMK.ca $HPQ.ca $LMK.ca $NAM.ca

Posted by AGORACOM-JC at 4:32 PM on Friday, February 28th, 2020
Image result for PDAC 2020
AGORACOM Clients Attending PDAC 2020
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THE REGAL PROJECT

B.C.’s Next Premier

Silver, Lead, Zinc, Copper Deposit?

Affinity Metals holds under option, a 100% interest in the Project, located within the northern end of the prolific Kootenay Arc, a highly prospective mineralized trend.

HIGHLIGHTS:

  • Massive geophysical targets for 2020
  • Past production
  • Historical reserves (non-43-101)
  • Access from Hwy 1 near Revelstoke

Booth Number 2751

Hub On AGORACOM

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Treaty Creeks’ GOLDSTORM zone hosts a conceptual volume of ONE BILLION TONNES rock grading close to one gram per tonne gold and is open to the north, east, and at depth.  

A major drill program is being planned for spring to develop a resource calculation. The focus has been on the gold enriched Goldstorm Zone which is on trend with, and part of, the same geological system as Seabridge Gold’s neighboring KSM deposits.

American Creek been selected to do a formal presentation at the conference. The presentation will be held on Tuesday, March 5 at 2:00PM in room #802

Booth Number 2351

Hub On AGORACOM

———————

Hpq large

HPQ Silicon Resources designs, develops, manufactures and commercializes plasma base processes

The innovative PUREVAP “Quartz Reduction Reactors” (QRR), will permit the One Step transformation of Quartz (SiO2) into High Purity Silicon (Si) at prices that will promote considerable renewable energy potential.

Booth Number 2145

Hub On AGORACOM

High Grade Flake Graphite

Lomiko hosts high-grade graphite at its La Loutre Property in Quebec. The company is working toward a Pre-Economic Assessment (PEA) that will increase its current indicated resource of 4.1 Mt of 6.5% Cg to over 10 Mt of 10%+ Cg in order to supply and develop graphite materials for the green economy.

Booth Number 2547

Hub On AGORACOM

New age large

River Valley Project is North America’s Largest Undeveloped Primary Platinum Group Metals (PGM) Deposit

Highlights:

  • 2.9 Million Ounces Palladium Equivalent in Measured plus indicated including an additional 1.1 Million Ounces Palladium Equivalent in Inferred
  • Positive PEA showing open pit potential with a life of mine of 14 years and annual average payable Palladium Equivalent production of 119,00 ounces
  • Life of mine average operating cash costs of US$709/Oz.
  • World class metallurgical facilities 100 km’s from project
  • To date the deepest drill hole was <600m, significant potential for more ounces located at depth
  • Average drill depth is 220 metres

Booth Number 2619B

Hub On AGORACOM

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Posted in Affinity Metals, All Recent Posts, American Creek Resources Ltd., Featured, HPQ-Silicon Resources Inc., Lomiko Metals, New Age Metals | Comments Off on AGORACOM Clients Attending PDAC 2020 $AFF.ca $AMK.ca $HPQ.ca $LMK.ca $NAM.ca

#Palladium Surges to Record Despite Slowdown Concerns in China SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 2:23 PM on Wednesday, February 19th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium Surges to Record Despite Slowdown Concerns in China

  • Palladium prices have surged on high demand from automakers seeking to meet stricter emission standards as world governments look to combat climate change and growing pollution levels.

By Max Chen

The palladium ETF rallied Tuesday, with palladium prices hitting record highs, even as the coronavirus outbreak threatens to shutdown carmakers and delay industrial plants in China, the world’s biggest consumer of the precious metal.

The Aberdeen Standard Physical Palladium Shares ETF (NYSEArca: PALL), which seeks to reflect the performance of the price of physical palladium, advanced 6.1% Tuesday while the palladium spot price rose 2.9% to $2,593.8 per ounce.

Palladium prices have surged on high demand from automakers seeking to meet stricter emission standards as world governments look to combat climate change and growing pollution levels.

Meanwhile, the coronavirus outbreak has disrupted normal car production in China as factors were forced to stop operations to curtail the spread of the contagion, the Wall Street Journal reports. For example, Germany’s Volkswagen AG postponed production at some of its Chinese-operated plants until next week as the quarantine of nearly 60 million people limits transportation of both parts and workers.

While the work has diminished short-term demand, palladium prices still jumped to record highs on ongoing supply constraints, with miners producing less of the precious metal.

“It’s the most dysfunctional market I’ve ever seen in my life,” Michael Widmer, an analyst at Bank of America, told the WSJ, adding that car manufacturers could be forced to electrify their vehicle fleets faster than previously planned if palladium keeps getting more expensive.

Palladium demand has surged in recent years as the European Union and China implemented stricter car emission standards, amid concerns over the impact of certain pollutants on public health. Consequently, palladium, which applied to catalytic converters that are fitted to gasoline-driven cars, is in high demand as a highly effective way to convert toxic gases like carbon monoxide into substances that are less toxic to inhale.

Almost all gasoline cars manufactured in China this year will be held to the new emissions standards, or up from two-thirds in 2019. Consequently, U.K.’s Johnson Matthey calculated that this will increase the average amount of palladium required in each catalyst and could lift global demand for the precious metal in the auto sector above 10 million ounces.

On the other hand, supply has not been as quick to meet the rise in demand. Palladium is typically produced as a byproduct of palladium, and miners don’t want to inundate the weak platinum market with even more supply.

Consequently, Anglo American Platinum Ltd projected that global demand for palladium will exceed production by 1.9 million ounces in 2020.

Source: https://www.etftrends.com/alternatives-channel/palladium-etf-surges-to-record-despite-slowdown-concerns-in-china/

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INDUSTRY BULLETIN: David Jensen: As #Palladium Continues To Soar, Is #Platinum Next… SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 4:51 PM on Tuesday, February 18th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

David Jensen: As Palladium Continues To Soar, Is Platinum Next…

Chris Marcus, Arcadia Economics

Most in the Wall Street mainstream have yet to notice that the price of palladium has more than doubled in the past 2 years. As the market continues to show signs of a shortage, with no easy resolution in sight. Which David Jensen of Jensen Strategic has been far ahead of the markets in forecasting.

So I was fortunate to have David join me on the show and explain what’s happening. Explain how the imbalance is going to have to be resolved. And share what he’s now seeing in the platinum market, where the lease rate indicates a similar pattern might soon be underway.

Of course this does have the potential to filter over to the other precious metals markets like gold and silver. So to find out what’s happening from the man who forecast it over a year in advance, click to watch the interview now!

Source: David Jensen: As Palladium Continues To Soar, Is Platinum Next…

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Don’t expect a U-turn in #palladium’s epic rally – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 12:18 PM on Friday, February 14th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Don’t expect a U-turn in palladium’s epic rally

  • The silver-white metal, used to remove toxic emissions from the exhaust fumes of petrol and hybrid cars, has surged more than 200 per cent over the past five years and last month hit a record of more than $2,500 an ounce

Neil Hume, Natural Resources Editor

Correlation may not be proof of causation but it is difficult to see any other explanation for London’s catalytic-converter crime wave than the record-breaking rally in palladium prices. The silver-white metal, used to remove toxic emissions from the exhaust fumes of petrol and hybrid cars, has surged more than 200 per cent over the past five years and last month hit a record of more than $2,500 an ounce. At the same time, thefts of catalytic converters in the UK capital jumped — from 867 in 2015 to 8,248 in 2019, according to the Metropolitan Police.

The force has urged car owners to be vigilant and consider buying protective sleeves for their catalytic converters. After nearly a decade of undersupply, the world is now critically short of palladium and its sister metal rhodium. In part, this reflects sluggish supply. Production of these metals is constrained because they are mined as a byproduct of platinum and nickel — commodities where new projects have been few and far between.

At the same time, demand is booming. Tougher emissions legislation and stricter vehicle-testing regimes in the wake of Germany’s “Dieselgate” scandal saw the automotive industry buy a record 9.7m ounces of palladium last year, according to Johnson Matthey, a producer of catalysts. That is why industry executives say talk of a palladium bubble is misplaced. “I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium,” Neal Froneman, chief executive of producer Sibanye-Stillwater, told the Financial Times last week. “You can’t run deficits and consume surface stockpiles and inventories for ever and a day.

At some point that turns into a real shortage. And that’s what happened in rhodium and I dare say it could happen in palladium.” Johnson Matthey reckons demand outstripped supply by 1m ounces last year and says a further rise in automotive demand will push the 11.5m ounce-a-year palladium market deeper into deficit. While a coronavirus-induced slowdown in the Chinese car sector could reduce the size of the shortfall, most analysts expect the market to remain undersupplied. Standard Chartered estimates China’s car production would have to plummet 28 per cent before the market deficit is eroded by declining demand. Assuming that does not happen, prices look set to push higher unless there is a sudden mobilisation of stockpiles. These include a stash of the metal owned by Russian miner Norilsk Nickel.

It was purchased from the country’s central bank many years ago and Johnson Matthey reckons 1m ounces there might be available, but no one is really sure. For nervous car owners, a protective device for their catalytic converters still looks like a sound investment.

Source: https://www.ft.com/content/557a69f4-4e4c-11ea-95a0-43d18ec715f5

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#Palladium rising while gold remains flat – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 3:19 PM on Thursday, February 13th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium rising while gold remains flat

Gary Wagner

It is a well-known rule of thumb that the safe haven asset class which includes gold typically trades with an inverse correlation to equities. There is an exception to that rule, and that is when the Federal Reserve eases their monetary policy with low rates and the accumulation of assets on their balance sheet to provide liquidity. This is because that action is considered bullish for both gold and U.S. equities. It seems that in this instance there is a unique divergence in the way gold and U.S. equities have reacted to statements made today by the Federal Reserve’s Chairman Jerome Powell.

In the run-up of 2008 to 2011 we had both U.S. equities and gold running to all-time record highs in unison as the Federal Reserve began their quantitative easing programs. Statements made by Chairman Jerome Powell up until today have been emphatic in his explanation of the slow and steady accumulation of $60 billion in assets each month not being a new round of quantitative easing.

That defensive posture and explanation by the chairman changed today when Chairman Powell said that the “central bank would use quantitative easing as a tool against the next economic downturn.” Although he did not go as far as saying that the recent asset accumulation was in any way a form of quantitative easing, today’s statement opens the door to increase asset accumulations aggressively if needed.

According to MarketWatch, “In testimony before the Senate Banking Committee, Powell said the Fed had two recession-fighting tools; buying government bonds, known as QE, and communicating clearly with markets about interest-rate policy, routinely considered as “forward guidance. We will use those tools — I believe we will use them aggressively should the need arise to do so.”

His testimony occurred on the same day that the U.S. Treasury announced that they recorded a $33 billion budget deficit in January. Analysts at Reuters forecasted that the deficit would only increase by 11.5 billion last year. More alarming than the underestimate by analysts was the fact a year ago the treasury announced a budget surplus of $9 billion.

U.S. equities all traded in record territory today is a direct result of data suggesting that there is a slowdown in the number of new cases of the coronavirus, now labeled as COVID-19 by the CDC. The Dow Jones Industrial Average gained 275 points today, and closed at a new all-time record high of 29,55.42. The NASDAQ composite also surged to a new all-time high of 9725.96, and the S&P 500 get a new record high at 3379.75.

At the same time, we saw gold trad fractionally lower on the day. As of 5 PM EST is currently trading down $1.30 and fixed at $1569 per ounce. With the exception of palladium all the other precious metals did close lower. However once again palladium was able to buck the trend as it gained over $63 in trading today and is currently fixed at $2329.

According to a report by Johnson Matthey one of the largest precious metals refiners in the world said that the palladium market “was in a supply/demand deficit of more than 1 million ounces in 2019, and the shortage is expected to be even worse in 2020.”

If the report by Johnson Matthey is accurate it could signal much higher prices and the possibility of palladium reaching as high as $2700 per ounce this year.

For those who would like more information, simply use this link.

Wishing you as always, good trading,

Source: https://www.kitco.com/commentaries/2020-02-12/Palladium-rising-while-gold-remains-flat.html

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