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at 4:55 PM on Friday, February 7th, 2020
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Posted by AGORACOM
at 3:00 PM on Friday, February 7th, 2020
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Summary
The palladium market will remain tight and pressure prices higher.
Sibanye Gold with the Stillwater Mine has plunged back into SA.
The Aberdene palladium ETF and Canadian palladium juniors are the best proxies.
Palladium has been the best performing commodity in the past two
years or so, jumping over 100% and there is more to go. This palladium
bull market is much different than the last one. The bull market from
1997 to 2000 was about 3 years and then palladium dropped giving up most
of the gains in less than a year. There was a nice bump up from the
2008 crisis and then the price traded sideways for several years. The
price bottomed at the end of 2015 with the severe bear market in
precious metals. Since then, the price has been going steadily higher
with a major break out in 2016. This bull market is not going to end
anytime soon for the reasons below.
Palladium is mostly used in the auto industry for pollution control
with catalytic converters. Electric vehicles will be a long time coming
to replace any significant amount of gasoline/diesel driven vehicles.
Meanwhile, pollution standards are being tightened that will keep demand
high. China has been gobbling up palladium since their China 5
pollution standards took effect in 2013. China 6 will now be coming into effect that will increase loads per vehicle of palladium. Many analysts have been commenting that China has been secretly stock piling the metal and is driving prices.
Palladium demand by Sector
There is no doubt the demand will remain strong, but the real
story is on the supply side. This next graphic illustrates the supply
deficit since 2016.
It is obvious to expect an increased demand from China as pollution regulations are tightened with ‘China 6’.
This next graphic of global mine production is very important because of the palladium supply is in a very unstable region.
The Russian supply from Norilsk Nickel has always been quite stable
and is of no concern, but as investors, we cannot participate there.
South Africa is the other big producer and that country is becoming very
unstable and more worrisome, that is where most of the future reserves
are.
The world’s largest PMG reserves are in South Africa, precisely in
the Bushveld Complex (in the central-Northern part of the country) which
alone accounts for about 50% of the world’s palladium resources, but,
overall, South Africa has reserves of 63 million kilograms which
represent over 91% of the worldwide availability.
South African (SA) mines have always been plagued with labour issues,
strikes, and high costs. To make matters worse, the country is now
facing an energy crisis with rolling blackouts shutting down mines. The country will probably become much more unstable, with unemployment hitting 10-year highs.
Half of their youth are unemployed and the company that provides 95% of
the electricity (when it can) is reporting record financial losses.
This is a country teetering on the brink of chaos that will likely be
very disruptive to PGM mine supply. I am avoiding palladium and platinum investments there.
With all the issues in SA, Sibanye Gold (SBGL)
began diversifying out of the country and acquired the Stillwater PGM
mine in the US. That use to be my favourite stock to play palladium bull
markets. However, they jumped right back into the fray, acquiring
Lonmin in 2019, a struggling SA, PGM producer. They promptly cut 5,000
jobs at the mine and it now appears Sibanye is moving more into PGMs
from gold. According to what was released in the acquisition news,
Sibanye PGM production will increase from around 1.7M ounces per year
to 2.8M ounces/year. This compares to about 600,000 ounces/year at the
US Stillwater complex plus about 700,000 ounces produced through the
recycling unit, noted from the 2018 annual report.
SA PGM production was 627,991 ounces (this will increase significantly with Lonmin acquisition)
SA gold production was 344,752 ounces (this amount is well below normal because of mine strike)
US PGM production was 284,773 ounces
US PGM recycling was 421,450 ounces
The stock has done well with the rising palladium price, but at these
stock prices and the move back to SA, it has become too risky. I would
suggest selling at these prices.
To highlight risks further, the Q1 2019 financial report highlights a -63% decline in SA gold production in Q1 2019 compared to Q1 201 because of the labour strike. This news out on February 2nd
states that 19 attacks on SA gold facilities nearly doubled from last
year. On December 15, 2019, attackers took hostages and plundered the
smelting plant at Gold Fields Ltd.‘s South Deep mine. “Mining companies are being attacked by thugs and armed gangs and there is a lack of police response,” said Neal Froneman, CEO of Sibanye Gold Ltd., which repelled an attack on its Cooke mine two weeks ago. “It eventually has a knock-on impact into society, it’s lawlessness, it’s anarchy.”
There is the Aberdeen Standard Physical Palladium ETF Trust (PALL).
The investment objective of the Trust is for the Shares to reflect the
performance of the price of palladium, less the expenses of the Trust’s
operations. The ETF Trust physically holds palladium in JPMorgan vaults
in London and Zurich. PALL tracks the movements in palladium spot prices
fairly well and is the best direct exposure to palladium. Aberdeen
purchased the fund effective October 1, 2018, from ETF Securities. The
Aberdeen website is terrible, it just diverts you to something else they
are trying to sell. You can find some more info at etf.com.
One disadvantage, as a Trust it will often trade at a discount to NAV, so short term may not always reflect palladium movements precisely.
The chart of PALL reveals quite a jump in volume on the last rally. I
do not find this alarming, but shows it is really the first time the
palladium market has caught retail interest.
If we compare to the short-term chart on palladium below, it is easy
to see that PALL has tracked the palladium price very well. After a
needed correction, the price jumped higher on Monday. This is probably a
start to the next rally.
There is also Sprott Physical Platinum and Palladium Trust (SPPP), but it is split 50/50 between the two metals.
Canada is the third-largest producing country, so an obvious place to
look. A lot of the palladium production comes from major miners in the
Sudbury nickel/copper complex as a byproduct. Obviously, this is a good
area to look and there was an excellent proxy for investors called North
American Palladium that was operating the Lac Des Isles palladium mine.
Unfortunately, for us, investors, it was bought out last year by SA producer Implats.
The area had a number of discoveries back in the last bull market
around the year 2000, and I visited a number of those projects back
then. I believe the best one in this area is Canadian Palladium that acquired the East Bull project last year. There is also Palladium One that is not Canada but not in SA either.
Palladium One Mining (OTC:NKORF) – PGM project is in Finland.
Shares outstanding 111 million, 185 million fully diluted
Their LK project is located in north-central Finland, approximately
40 km north of the company’s exploration office in the town of
Taivalkoski. The property is 160 km (by road) east-southeast of
Rovaniemi and 190 km northeast of the port city of Oulu. Finland is a
very stable jurisdiction and has a viable mining sector.
The company is run by CEO/President, Derrick Weyrauch, CPA, CA who is
an experienced mining executive and corporate director. Mr. Weyrauch’s
background includes finance, risk management, corporate restructuring
and turnarounds, coupled with M&A strategy development, execution
and post transaction integration. He is the co-founder of Magna Mining
Corp. and is a former corporate director of a number of companies
including Eco Oro Minerals Corp., Jaguar Mining Inc., and Banro Corp.
and is a former CFO of Jaguar Mining Inc. and Andina Minerals Inc.
Currently, he is a non-executive director and at Cabral Gold Inc.
The LK Project is 100% owned by Palladium One Mining Inc.
Palladium One released a mineral resource estimate for the Kaukua deposit within the 100-per-cent-owned Lantinen Koillismaa (LK) project.
Highlights:
An optimized pit-constrained mineral resource, at a 0.3-g/t palladium cut-off;
635,600 PdEq (palladium equivalent) ounces of indicated resources grading 1.80 g/t PdEq contained in 11 million tonnes;
525,800 PdEq ounces of inferred resources grading 1.50 g/t PdEq contained in 11 million tonnes.
Significant potential exists to expand the historic Haukiaho
deposit along strike both to the east and west. For example, 1960s-era
historic drilling by Outokumpu about two km east of the historic 2013
Haukiaho inferred resource returned up to 36.36 m grading 0.20 per cent
Cu and 0.19 per cent Ni from 1.64 m to 38.00 m downhole in hole R692 (no
PGE analysis was conducted). Reconnaissance prospecting by Palladium
One in the vicinity of this historic drill hole returned up to 0.51 per
cent Cu, 0.33 per cent Ni, 0.19 g/t Pt, 0.56 g/t Pd and 0.21 g/t Au
(0.96 g/t PGE) (see press release dated Aug. 12, 2019). Palladium one
recently applied for the Haukiaho East reservation (see press release
date Sept. 5, 2019), which, if approved, the company would control about
24 km of the favourable Haukiaho basal contact.”
The company plans to conduct
a 75-line-kilometre induced polarization (IP) geophysical program,
along with a diamond drilling program of up to 5,000 metres, at the LK
project. Both drilling and geophysics contractor are expected to be
mandated soon.
The Tyko Ni-Cu-PGE project, i65km northeast of Marathon Ontario, Canada.
The Tyko project is an early stage, high sulphide tenor, nickel
focused project with recent drill hole intercepts returning up to 1.06 Ni over 6.22 m including 4.71% Ni over 0.87m in hole TK-16-010 (see press release dated June 8, 2016). On January 21, 2019, Palladium One reported prospecting samples with assay results of up to 0.74% Ni, 4.09% Cu, and 2.51g/t PGE
on the Tyko Nickel-Copper-PGE Property. This project has some
palladium, but if it is developed to a resource, it will be more like
the Sudbury copper and nickel mines with PGMs as a byproduct.
The company is well financed, closing a C$3,786,180 private placement
at C$0.06 per unit issuing 63,102,999 units. Eric Sprott took down
20,000,000 units. While funding is required, this is quite a bit of
dilution.
Currently, the stock is priced around $0.18 so all the warrants and
options are well in the money. So is appropriate to use the fully
diluted shares outstanding for valuation.
Market cap – $20 million. Market cap fully diluted Cdn $33.3 million
Subtracting $3.8 million financing from the market cap, it values
their 635,600 PdEq indicated resource at C$25 per ounce and fully
diluted at C$46 per ounce. This is a quite low valuation.
The stock mostly trades on the TSXV symbol (PDM), so I used the C$
chart. Support is around 16 cents and 12.5 cents. If 16 cents holds, the
stock could begin a leg higher.
Canadian Palladium
Shares outstanding 100.3 million approx.
All warrants and options are at 30 cents and higher.
What I consider one of the most important highlights is the company
is run by Wayne Tisdale. In the last 10 years, he has advanced three
juniors and sold them for large profits for their shareholders. He
helped start and finance the Rainy River project which was sold to NewGold in 2013 for $310 million. He developed US Cobalt and, in 2018, sold it to First Cobalt in a transaction worth $150 million to his shareholders’ delight. Going back further, he helped finance oil & gas company Ryland Oil that was bought out by Crescent Point in 2010 for a $121.8 million
valuation. Mr. Tisdale has a keen eye to find projects that can quickly
be advanced further to make them prime acquisition targets. Canadian
Palladium only has a market value now of about C$20 million, and I have
little doubt that Mr. Tisdale is going to do it again with Canadian Palladium.
Highlights:
Company run by Wayne Tisdale
Low market valuation – C$31 per ounce
East Bull with 43-101, 523,000 inferred palladium equivalent resource
East Bull can open to depth and along strike
Widely spaced drilling only needs infill drilling to upgrade and expand resource
Close to Sudbury complex where ore can be processed
Projects – East Bull, Ontario Canada
East Bull was drilled by Freewest and Mustang Minerals back in the
2000 era and now has a 43-101, 523,000 ounces inferred palladium
equivalent resource. A private company, Pavey Ark Minerals had the
property and in 2017 they twinned old drill holes and completed the work
to bring the project to 43-101 standards. Canadian Palladium (formerly
21C Metals) acquired a 100% option on the project last February.
This graphic from their presentation is a good summary and shows the location
In the 1999, 2000 period, Freewest drilled 27 holes for a total of
2,902 meters and carried out extensive surface trenching. Work by
Mustang on the eastern part of the Property (claim 1227910) included 11
drill holes for a total of 1,766 meters. The work by Freewest and
Mustang forms the majority of the data for the current resource
estimate. Additionally, Pavey Ark reviewed and re-sampled drill core
from the 27 BQ and NQ holes from the Freewest drilling program. Pavey
Ark’s exploration results in 2017 included;
hole EB17-01 that intersected 12.0 m at 2.87 g/t PGM+Au, 0.23% Cu and 0.13% Ni and
hole EB17-03 that intersected 7.0 m of 3.21 g/t PGM+Au, 0.16% Cu and 0.07% Ni.
(Note: Au = gold, Cu = copper, and Ni = nickel.)
In 2019, BULL completed their initial exploration program at East Bull and reported results Sept. 17, 2019.
These are highlights from the first sampling program on the East Bull
palladium project and field program on the Agnew Lake project:
Seventy-three grab samples were selected to help identify the
palladium-bearing rock types of the mineralized trend. Grab samples are
used to determine the presence mineralization and may not be indicative
of the overall grade of the zone
Sampling successfully defined locations for channel sampling and the
higher grades could indicate potential zones within the mineralized
zone for higher-grade starter pits
Range of palladium assay sample results were 37 samples below 0.1
g/t palladium, 17 between 0.1 and 0.5 g/t with 14 above 1 g/t. Nine of
these ran between 2 and 6.5 g/t
Geological mapping and review of the Freewest diamond drilling in
2000, indicates the northeast-trending faults are composed of multiple
intrusions of mafic to diabase dikes. Left lateral movement on the dikes
is measured to be up to 100 metres
This graphic gives a good snapshot of the current resource and
expansion potential. Mineralization starts at surface and the system
appears to be about 30 meters wide. This would be an open-pit operation.
Agnew Lake property
It is located 80 kms. west of Sudbury, Ont., home of Glencore and
Vale’s Canadian nickel-copper-platinum-group-elements mining and
smelting operations. The Agnew Lake property comprises over 260 claims
(about 6,000 hectares) and is part of the larger East Bull Lake-Agnew
Lake mafic-ultramafic complex.
The Agnew Lake magmas have major element compositions that are very
similar to the model parent liquids proposed for the mafic portions of
the Stillwater and Bushveld complexes. The Agnew intrusion and the East
Bull Lake intrusion are also considered to host significant PGE-Cu-Ni
mineralization in marginal rock units (Peck & James, 1990; Peck et
al., 1993a, 1993b, 1995; Vogel et al., 1997).
Financial/Summary
Last financial statements show just over $400,000 cash. The company
just closed a $4 million financing at 12 cents per share. Eric Sprott
bought 12.5 million shares of that financing.
Wayne Tisdale has been successful in financing and increasing the
value of properties and dealing them off for large profits. I believe he
will do it again and also has a loyal following of shareholders from
his past success. BULL just acquired the property last year and there
has been little exploration and no drilling so it has been under the
radar until the recent financing. The discovery is on the surface, so
will be cheap to mine and is close to the Sudbury complex where refiners
can recover PGMs. There is a couple other palladium exploration plays
in Canada, but they are mostly old stale stories and I believe none have
the short-term potential that the East Bull project has.
The current market cap is $20.1 Million less the $4 million financing
gives an enterprise value of C$31 per ounce on their 523,000-ounce
Pd-eq inferred resource. Part of the reason for the low value is the
resource is only inferred. If drilling success starts to prove larger
potential and the resource moves up to the measured and indicated
category it could easily increase the value potential.
Only exploration news last year was sample results that came out last
September just when the junior market started heading south. The stock
made a decent move higher than just drifted lower until a typical
year-end bottom. The stock took off when it hit 12 cents on good volume.
This is when they began marketing a financing that was way
oversubscribed in one day. Probably spill over buying drove the stock up
to the 23-cent level. The stock then came back to support around 16
cents and bounced off higher. Drill news will likely cause the next move
higher with the old highs around 27 cents last year as the first major
resistance.
Conclusion
A recent update on palladium by TD Securities
highlights tightening emission controls and South Africa as I have, but
most interesting is the lack of speculative trading positions. TD
comments positions held by traders are below average. This rally has
room to move and if excessive speculation builds it could go way higher.
Regardless of whether palladium is $1,200 or $2,400 per ounce,
palladium discoveries and deposits will be worth premium valuations,
especially in stable jurisdictions. The potential for discoveries in
South Africa is very good but the political risks are rising. Ivanhoe
Mines (OTCQX:IVPAF), Eastplats, and Platinum Group Metals (PLG)
have projects in SA, and if I had to pick one there, it would be
Platinum Group Metals because they have the most leverage to platinum
and palladium prices.
The best direct related investment to palladium is the PALL ETF, but
it does not offer any leverage. There are not any 2 times or 3 times
palladium ETFs. This leaves the best leverage to junior palladium
companies and there are few. I prefer those outside of SA like Canadian
Palladium and Palladium One. I prefer Canadian Palladium because of the
CEO’s track record, their resource is on surface, near PGM smelters and
likely cheaper exploration costs in Canada vs Finland. For
diversification, owning more than one palladium play is not a bad idea.
Disclosure: I am/we are long DCNNF. I wrote
this article myself, and it expresses my own opinions. I am not
receiving compensation for it (other than from Seeking Alpha). I have no
business relationship with any company whose stock is mentioned in this
article.
Additional disclosure: Canadian Palladium is a paid advertiser at affiliate playstocks.net
Posted by AGORACOM
at 1:45 PM on Friday, February 7th, 2020
SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko owns 80% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information
Electric vans charge at a warehouse
of the German postal and logistics service Deutsche Post near Frankfurt
in July 2018. Fleet vehicles are increasingly going electric in Europe
and China, and some analysts say American fleets will be following suit.
As electric cars grow in popularity and visibility, experts say a revolution is coming in a place most people overlook: corporate and municipal fleets.
The scooter company Lime is the latest firm to announce
that it plans to completely remove gas- and diesel-powered vehicles
from its fleet and power its new electric work vehicles with renewable
energy.
Lime is famous, of course, for electric vehicles — the small battery-powered scooters
that have popped up on sidewalks across the United States. And as the
world’s largest scooter company, it promotes itself as an eco-friendly
alternative to driving. But so far, some gas-guzzling is still involved
behind the scenes.
“All of our scooters and e-bikes are already electric, already
powered by renewables,” says Andrew Savage, the head of sustainability
at Lime. “We’re going to take the vans and the vehicles used to manage
those programs and transition those to zero emissions as well.”
Lime’s fleet isn’t large — a few hundred vehicles for now. But the company is not alone in plotting the switch.
Lime, along with companies like Ikea and Unilever, is joining the EV100 initiative
to commit to an all-electric fleet. Other large companies, such as DHL,
Amazon and AT&T, have committed to “accelerating” the transition to
electric fleet vehicles.
Millions of fleet vehicles are on the road — everything from delivery
trucks and maintenance vans to police cars and school buses. Right now,
less than 1% of those vehicles are electric, according to the research
firm Guidehouse (formerly known as Navigant).
But in a decade, the group predicts that 12% of fleet vehicles will
be plug-ins. That will mean a rise from about 2 million electric fleet
vehicles now to more than 70 million in 2030.
“Given the life span of vehicles … 12% [of the] population will
require a significant portion of new vehicles sold being plug-in
electric vehicles,” says Guidehouse’s Ted Walker.
Interest in sustainability will drive some of that growth. Companies
like Lime that market themselves as climate friendly or have made
climate pledges to investors and partners need to reduce the emissions
from their fleets in order to restrain emissions. And around the world —
particularly in Europe and China — government pressure is spurring
investment in electric vehicles of all types.
But there are other factors too. In some ways, selling electric
vehicles to companies is easier than selling one to an individual car
owner.
Consider the price. “Electric vehicles are going to have a higher
purchase price, but there’s a lower maintenance, lower fuel cost,”
Walker says. Where an individual might focus on the sticker shock, a
company is more likely to consider the lifetime cost of the vehicle.
Then there’s range anxiety. It takes longer to charge a battery than
to fill up a gas tank, and some people (particularly those who have
never owned or leased an electric vehicle) worry that they’ll go on a
long trip and run out of juice. The concern is common even for drivers
who very rarely drive long distances.
Fleet operators think differently; they know how far their cars go in a day, says Steve Burns, the CEO of Lordstown Motors. The Ohio startup is making a pickup truck specifically to sell to fleets.
“We are catering mostly to people that stay local — whether that’s a
florist, a landscaper, a police officer,” Burns says. “[Our truck] can
go 250 miles on a charge. Most of these type of folks go 60 or 70 miles a
day.”
There are some logistical challenges — fleet operators have to set up
charging infrastructure in their garages or parking lots, for instance.
But there’s another obstacle. Lordstown Motors’ truck, the Endurance,
isn’t available yet. No mass-production electric pickup has yet arrived
on the U.S. market. And in America, options for vans and other work
vehicles are similarly slim.
“It’s only a small handful, and the supply is actually quite constrained,” says Savage, of Lime.
So companies are expressing their interest in electric fleets partly
as a signal to automakers — that they need to catch up with demand.
Posted by AGORACOM
at 1:16 PM on Friday, February 7th, 2020
SPONSOR: Labrador Gold – Two successful gold
explorers lead the way in the Labrador gold rush targeting the
under-explored gold potential of the province. Exploration has already
outlined district scale gold on two projects, including a 40km strike
length of the Florence Lake greenstone belt, one of two greenstone belts
covered by the Hopedale Project. Click Here for More Info
Labrador Gold: District Scale Discovery Potential
First stage drilling on selected targets in 2020 at Hopedale
Large under-explored properties, including the major portion of two greenstone belts
Potential for discovery of new gold district(s)
Experienced exploration success in finding gold deposits (>17 million oz)
First mover advantage
Results of aggressive initial exploration programs already indicate district scale gold targets
Hopedale Project Highlights:
Discovered a new gold showing north of the Thurber Dog gold
occurrence, grab samples from which assayed between 1.67 and 8.26 g/t
Au.
The Thurber Dog gold occurrence has assays in grab and channel
samples from below detection up to 7.866 g/t Au, with 5 samples greater
than 1 g/t Au and 16 samples assaying greater than 0.1 g/t Au.
The discovery extends the potential strike length of gold mineralization by approximately 500 metres along strike to the north.
The new showing occurs within a larger 3km trend of anomalous gold
in rock and soil associated with the contact between mafic/ultramafic
volcanic rocks and felsic volcanic rocks.
Exploration at Hopedale during 2020 will focus on determining the
extent of the Thurber Dog mineralized trend. Such work would aim to fill
in the gaps between showings over the three-kilometre strike length
with sampling and VLF-EM surveys. LabGold also intends to carry out an
initial drill program targeting prospective areas along this trend,
including the new showing.
The Hopedale property covers much of the Hunt River and Florence
Lake greenstone belts that stretch over 80 km. The belts are typical of
greenstone belts around the world but have been underexplored by
comparison. Initial work by Labrador Gold during 2017 show gold
anomalies in soils and lake sediments over a 3 kilometre section of the
northern portion of the Florence Lake greenstone belt in the vicinity of
the known Thurber Dog gold showing where grab samples assayed up to
7.8g/t gold. In addition, anomalous gold in soil and lake sediment
samples occur over approximately 40 kilometres along the southern
section of the greenstone belt (see news release dated January 25th 2018
for more details). Labrador Gold now controls approximately 57km strike
length of the Florence Lake Greenstone Belt.
FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 2:03 PM on Thursday, February 6th, 2020
American Creek Resources Ltd. (TSXV: AMK) is positioned to take full
advantage of the precious metals bull run that many experts believe we
are only in the early stages of.
Image of the Goldstorm Zone found along the base of this hill at Treaty Creek.
With approximately one billion tonnes of gold enriched rock identified (potential for a resource calculation in 2020), the Goldstorm has potential to become a world class gold deposit.
The 2020 drilling is designed to significantly expand the deposit as the system is open to the north, the east and at depth.
The company raised over $3.3 million to strengthen existing
alliances and create a number of new strategic relationships, bringing
strength, credibility and future increased exposure.
Eric Sprott made two separate investments of $1,000,000 into
American Creek. Mr. Sprott is the largest external investor in Treaty
Creek. He recently stated that he is “very excited about the opportunity there as the project has a great shot at having 20 million ounces.”
If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the fullreport.
The Treaty Creek Project is a joint venture with Tudor Gold owning
3/5th and acting as project operator. American Creek and Teuton
Resources each have a 1/5th interest in the project. American Creek and
Teuton are both fully carried until such time as a Production Notice is
issued, at which time they are required to contribute their respective
20% share of development costs. Until such time, Tudor is required to
fund all exploration and development costs while both American Creek and
Teuton have “free rides”.
About American Creek
American Creek is a Canadian mineral exploration company with a
strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”;
the Treaty Creek and Electrum joint venture projects with Tudor
Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample
Goldmax, Silver Side, and Glitter King properties located in other
prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Posted by AGORACOM
at 12:35 PM on Thursday, February 6th, 2020
Vancouver, British Columbia–(Newsfile Corp. – February 6, 2020) –
Affinity Metals Corp. (TSXV: AFF) (“the Corporation”) (“Affinity”) today
announced that it will be offering on a non-brokered private placement
basis (“the Offering”) up to 5,000,000 units (“Units”) at a price of
$0.20 per Unit for proceeds of $1,000,000 if the Offering is fully
subscribed.
Each Unit consists of one common share of the Corporation (“Common
Share”) and one non-transferrable Common Share purchase warrant
(“Warrant”). Each Warrant may be exercised for one additional Common
Share at a price of $0.30 for a period of 24 months from the closing
date of the Offering.
The securities will be offered to qualified purchasers in reliance
upon exemptions from prospectus and registration requirements of
applicable securities legislation.
Insiders may participate in the Offering. A finder’s fee in cash or
shares may be paid to arm’s length finders in relation to this Offering.
This private placement financing is subject to approval by the TSX
Venture Exchange.
About Affinity
Affinity is a Canadian mineral exploration company focused on
advancing the Regal polymetallic project located near Revelstoke,
British Columbia, Canada.
Information related to the Corporation and the Regal project can be found on the Corporation’s website at:
Posted by AGORACOM
at 11:24 AM on Thursday, February 6th, 2020
SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko owns 80% of the high-grade La Loutre graphite Property , Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information
Apart from driving a clean transportation revolution over the next
three decades, electric vehicles (EVs) could help the power grid’s
storage needs as growing shares of renewable energy
sources—predominantly solar and wind—are being incorporated into
electricity grids.
Batteries from EVs could have so much more potential energy storage by 2050 that electric cars could be the ones to boost the energy storage of the power grid to accommodate rising solar and wind capacity, the International Renewable Energy Agency (IRENA) says.
While electric vehicles and renewables may now look as two totally
separate clean-energy technologies, and EVs are a strain on power grids
when charging at peak electricity demand, there are potentially huge
benefits to the power grid if EVs are plugged in to smart grids, IRENA
experts say.
The EV fleet of the future could create vast electricity storage capacity, the agency says.
Future EV battery capacity may dwarf stationary battery capacity by 2050, experts at IRENA said in an analysis
from last year. In 2050, around 14 terawatt-hours (TWh) of EV batteries
would be available to provide grid services, compared to 9 TWh of
stationary batteries, according to the agency.
“Smart charging for electric vehicles (EVs) holds the key to unleash
synergies between clean transport sector and low-carbon electricity. It
minimises the load impact from EVs and unlocks the flexibility to use
more solar and wind power,†IRENA said.
Smart charging, unlike uncontrolled charging, also decreases simultaneity and lowers peaks in demand.
In addition, smart charging of EVs has the potential to significantly
cut the peak load and avoid grid reinforcements, at a cost of 10
percent of the total cost of reinforcing the grid, according to IRENA’s
experts.
In the key forms of advanced EV charging, in V2H/B (vehicle to
home/building), vehicles could act as supplement power suppliers to the
home, while in V2G (Vehicle-to-grid), the smart grid controls vehicle
charging and returns electricity to the grid.
Adjusting charging patterns, considering that EVs currently are idle
in parking for 90–95 percent of the time for most cars, could contribute
to both system and local flexibility, IRENA says.
Yet, challenges to this smart EV charging approach remain.
Technical challenges include uncertainty over how using EV batteries
to return electricity to the grid would degrade the battery. Another
hurdle is the lack of standardization and consumer knowledge of the
vehicle-to-grid systems.
Additional challenges lie in consumer preference for the fastest
charging possible, which diminishes the use of an EV battery to provide
flexibility to the power grid.
“With slow charging the EV battery is connected to the grid for
longer periods of time, increasing the possibility of providing
flexibility services to the power system,†IRENA says.
The smart charging systems would work best with slow charges, so
drivers’ preferences right now are not conducive to EV batteries helping
the grid flexibility, according to IRENA’s Arina Anisie, one of the
authors of the agency’s analysis on smart charging.
According to IRENA, a mass rollout of smart EV charging would also
depend on whether the approach could get political support amid
increasingly ambitious targets for lower and net zero carbon emissions
in developed economies, especially in Europe.
If the uptake of smart charging takes off this decade, grid
flexibility from EVs could increase dramatically by 2030, IRENA reckons.
“If unleashed starting today, the use of EVs as a flexibility
resource via smart charging approaches would reduce the need for
investment in flexible, but carbon-intensive, fossil-fuel power plants
to balance renewables,†the agency says in its analysis.
This approach may be promising and could integrate clean mobility
with increased solar and wind capacity, but it still has several key
challenges to overcome, including a shift in drivers’ preferences toward
buying EV as their next car and using slower but smart charging rather
than ultra-fast charging—and these preferences could be the hardest
thing to change.
Posted by AGORACOM
at 8:27 AM on Thursday, February 6th, 2020
Common stock began trading on a post-split basis on Monday, January 27, 2020 under the trading symbol “GMBLD.â€
The “D†lettering will be removed within 20 business days from the effective date of the reverse split, and the symbol will revert to the original lettering of “GMBL
Birkirkara, Malta–(February 6, 2020) – Esports Entertainment Group, Inc. (OTCQB: GMBLD) (or the “Company”), a licensed online gambling company with a focus on esports wagering and 18+ gaming, has successfully completed a “reverse split” of its shares of common stock at a ratio of 1-for-15 (1:15). The Company’s common stock began trading on a post-split basis on Monday, January 27, 2020 under the trading symbol “GMBLD.” The “D” lettering will be removed within 20 business days from the effective date of the reverse split, and the symbol will revert to the original lettering of “GMBL.” In connection with the reverse stock split, the Company’s CUSIP number will change to 29667K306.
The reverse stock split was implemented by the Company in connection
with its proposed application to uplist the Company’s common stock on
the NASDAQ Capital Market (NASDAQ). The reverse stock split is an action
intended to fulfill the stock price requirements for official listing
on NASDAQ, which requires that the Company’s common stock must be $4.00
or higher at the time of listing. There can be no assurance that the
Company will satisfy other applicable requirements for listing its
common stock on NASDAQ or that the Company’s application to uplist its
common stock will be approved.
“This reverse split is another major step forward in our long-term
strategic growth plan, which includes listing our common stock on a
major U.S. exchange,” said CEO Grant Johnson. “We expect a NASDAQ
listing will generate even greater interest in our company from the
broader national and international investment community, as well as,
potential partners in the esports as a result of our transparency. We
appreciate the continued support of our employees, partners, and
shareholders as we work to realize our operational and capital markets
goals.”
As a result of the 1:15 reverse stock split, every 15 shares of the
Company’s issued and outstanding common stock will be converted into one
share of issued and outstanding common stock. The number of authorized
shares will remain unchanged.
No fractional shares will be issued in connection with the stock
split. Any fractional shares of common stock resulting from the reverse
stock split will be rounded up to the nearest whole share. It is not
necessary for stockholders to exchange their existing stock certificates
for new stock certificates in connection with the reverse stock split.
Stockholders who hold their shares in brokerage accounts are not
required to take any action to exchange their shares.
This press release is available on our Online Investor Relations
Community for shareholders and potential shareholders to ask questions,
receive answers and collaborate with management in a fully moderated
forum https://agoracom.com/ir/EsportsEntertainmentGroup
RedChip investor relations Esports Entertainment Group Investor Page: http://www.gmblinfo.com
ABOUT ESPORTS ENTERTAINMENT GROUP
Esports Entertainment Group, Inc. is a licensed online gambling company with a focus on esports wagering and 18+ gaming. Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience at vie.gg. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds a license to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands. The Company maintains offices in Malta. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBLD, which will revert back to GMBL after 20 business days from the effective date of the reverse split announced in this press release. For more information visit www.esportsentertainmentgroup.com
Posted by AGORACOM
at 3:32 PM on Wednesday, February 5th, 2020
ZEN Graphene Solutions’ Guelph processing facility.
ZEN Graphene Solutions to produce sample sizes for commercial market
The developer of a graphite mine near Hearst has cut the ribbon on a research and production facility in southern Ontario.
ZEN Graphene Solutions announced Feb. 4 of the grand opening of a Guelph-based small-scale pilot plant and R & D centre.
The company (formerly Zenyatta Ventures)
has high hopes for 2020 to enter the global market by delivering a
refined product for end users, and potentially strike some commercial
deals.
Over the years, ZEN has been developing the Albany Graphite Deposit
near the communities of Constance Lake First Nation and the Town of
Hearst.
At their site, 30 kilometres north of the Trans-Canada Highway, the
company discovered a very rare, highly purity graphite deposit that’s
estimated to have an open-pit mine life of 22 years and should produce
33,000 tonnes of graphite a year.
The project is at an advanced stage of exploration with an environmental assessment process underway.
Graphene is a highly prized carbon nanomaterial that has a multitude
of uses, including in electric vehicle batteries, high strength
concrete, water desalination membranes, and auto parts.
ZEN has been concentrating on potential applications in the fields of
transportation, aerospace, bio-medical, civil engineering and water
treatment.
The company has been working with the University of Guelph in
developing a proprietary process to convert graphite ore into
top-quality graphene oxide for high-end users.
They’ve been increasingly fielding requests from clients for larger
sample sizes. That led to ZEN making an arrangement last September with
Chemisar Laboratories to move into a 2,300-square-foot office and lab
space in Guelph by October.
This will serve as ZEN’s processing and production facility to ship
small sample batchers to users in industry and academia for research
purposes.
Posted by AGORACOM
at 1:11 PM on Wednesday, February 5th, 2020
Vancouver, B.C., Feb. 05, 2020 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C)(Lomiko or the “Companyâ€) is
pleased to announce plans to move forward with assessment and
development of the La Loutre Property for 2020. The goals are as
follows:
1) Complete 100% Acquisition of the Property
2) Complete Metallurgy and Graphite Characterization
3) Complete a Technical Report in accordance with NI 43-101 Guidelines
A
“technical report” means a report prepared and filed in accordance with
this Instrument and Form 43-101F1 Technical Report that includes, in
summary form, all material scientific and technical information in
respect of the subject property as of the effective date of the
technical report;
4) Complete Preliminary Economic Assessment (PEA) compliant with NI 43-101 Guidelines
PEA
means a study, other than a pre-feasibility or feasibility study, that
includes an economic analysis of the potential viability of mineral
resources;
Further details regarding the plan will be released when consultants are assigned for each task.
Results from Drilling Program
Results from the 2019 program (see Table 1 below, and Figure 1)
at the Refractory Zone of the La Loutre graphite project (the
“Projectâ€) indicate considerable promise. A total of 21 holes were
completed in 2019 on the Refractory Zone for a total of 2,985 metres.
The Project is owned by Lomiko (80%) and Quebec Precious Metals
Corporation (20%).
The
above-noted 2016 mineral resource does not include the current results
or the significant intercepts from the Refractory Zone in 2016 which
were as follows:
LL-16-01 – 7.74%Cg over 135.60m including 16.81%Cg over 44.10m
LL-16-02 – 17.08%Cg over 22.30m and 14.80% Cg over 15.10m
LL-16-03 – 14.56%Cg over 110.80m
The
next task is to complete a new resource estimate in compliance with NI
43-101 for the entire Project since the above-mentioned 2016 resource
estimate including the 2016 and 2019 drilling at the Refractory Zone.
Table 1:
Results of the 21 drill holes of the 2019 drill program. The width is
drill indicated core length. Insufficient data exists to determine true
width at this time
On
the basis of the available geophysical and 2016 and 2019 drilling data,
the strike length of the mineralization is estimated at 900 m in the
NW-SE direction and is open in both directions. A detailed
interpretation of the results will be carried out to better estimate the
thickness and strike length of the mineralized zone.
The
Project consists of contiguous claim blocks totaling 29 km2 situated
approximately 53 km SE of the Imerys Carbon and Graphite Lac-des-ÃŽles
mine, formerly known as the Timcal mine, North America’s only operating
graphite mine. It is accessible by driving NW from Montreal for a
distance of approximately 170 kilometres
The
2019 exploration program was managed by Consul-Teck Exploration Minière
Inc. (“Consul- Teckâ€) of Val-d’Or, Quebec, who designed the drilling
campaign, supervised the program and logged and sampled the core.
Quality Assurance/Quality Control
Consul-Teck
implemented QA/QC procedures to ensure best practices in sampling and
analysis of the core samples. The drill core was logged and then split,
with one half sent for assay and the other retained in the core box as a
witness sample. Duplicates and blanks were inserted at a regular
interval into the sample stream.
The
samples in secure tagged bags were delivered directly to the analytical
facility for analysis. In this case, the analytical facility was the
ALS Minerals laboratory facility in Val-d’Or, Quebec. The samples are
weighed and identified prior to sample preparation. The samples are
crushed to 70% minus 2 mm, then separated and pulverized to 85% passing
75µm. All samples are analyzed for Cg using the C-IR18 method.
