Posted by AGORACOM-JC
at 10:07 AM on Monday, September 23rd, 2019
SPONSOR: Tartisan Nickel (TN:CSE)
Kenbridge Property has a measured and indicated resource of 7.14
million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has
interests in Peru, including a 20 percent equity stake in Eloro
Resources and 2 percent NSR in their La Victoria property. Click her for more information
Nickel climbs as stainless steel producers prepare for Indonesia ban –
Tartisan hosts an M&I Resource of 7.14 million tonnes of 0.62%
nickel
Top supplier Indonesia’s plan to ban exports of nickel ore has been brought forward by two years to Jan. 1, 2020, and the Philippines, the world’s second-biggest ore producer, could suspend five mining companies at the end of this year.
LONDON — Nickel prices climbed last week as stainless steel producers bought supplies ahead of a Chinese holiday and an Indonesian nickel ore export ban that could create shortages.
Top supplier Indonesia’s plan to ban exports of nickel ore has been
brought forward by two years to Jan. 1, 2020, and the Philippines, the
world’s second-biggest ore producer, could suspend five mining companies
at the end of this year.
“There have been some anecdotes of stainless mills restocking nickel
and that has been positive,†said analyst Nicholas Snowdon at Deutsche
Bank in London.
Nickel is mostly used as an alloy in the production of stainless steel. It is also the most important metal mined in Sudbury.
“Across most sectors, in the week before the Golden Week holiday,
you’ll invariably see a bit of raw material restocking, so we have
elements of that in nickel alongside the broader potential restocking as
we head into the (Indonesia) ban application.â€
China celebrates its National Day Golden Week holiday in early October.
Benchmark nickel on the London Metal Exchange gained 2.6 per cent to
$17,725 a tonne (or just over $US 8 a pound) in official open-outcry
trading, on track for its biggest one-day gain in three weeks.
CHINA RATE CUT: Base metals also gained support from China cutting
its one-year benchmark lending rate for the second month in a row on
Friday.
NICKEL INVENTORIES: Nickel stocks in warehouses monitored by the
Shanghai Futures Exchange slid 13.6 per cent, weekly data showed on
Friday.
NICKEL SPREAD: The premium of LME cash nickel over the three-month
contract climbed to $150 a tonne, near the recent decade high of $163,
indicating near-term tightness.
MARKET DEFICIT: The global nickel market deficit widened to 6,700
tonnes in July from a revised 2,700 tonnes in the previous month, the
International Nickel Study Group (INSG) said on Thursday.
ALUMINIUM OUTPUT: LME aluminum, untraded in official rings, was bid
down 0.6 per cent at $1,790 a tonne after data showed that global
primary aluminum output rose to 5.407 million tonnes in August from a
revised 5.404 million tonnes in July.
COPPER DEMAND: Fitch Solutions cut its average price forecast for
copper to $5,900 a tonne this year and $5,700 in 2020, from previous
views of $6,300 a tonne and $6,600 a tonne respectively.
“A drop in Chinese demand has loosened the global (copper) market, while sentiment continues to worsen,†Fitch said in a note.
LME copper was bid up 0.3 per cent at $5,804 a tonne but remained on
course for a 2.6 per cent drop over the week, which would mark its
steepest weekly fall since the week ended Aug. 2.
PRICES: LME three-month zinc was bid down 0.2 per cent in official
activity at $2,308 a tonne, lead gained 0.9 per cent to trade at $2,114
and tin slipped 0.3 per cent to trade at $16,400.
Tags: CSE, nickel, nickel demand, stocks, tsx, tsx-v Posted in All Recent Posts, Featured, Tartisan Nickel | Comments Off on Nickel climbs as stainless steel producers prepare for Indonesia ban – #Tartisan hosts an M&I Resource of 7.14 million tonnes of 0.62% #Nickel $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca
Posted by AGORACOM
at 8:37 AM on Monday, September 23rd, 2019
0.589 g/t Au over 1081.5mincluding an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m
The hole was stopped in mineralization due to the drill rig reaching its depth limitation
150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast.
Cardston, Alberta–(Newsfile Corp. – September 23, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“American Creek”) (“the Corporation”) is pleased to
announce results from JV partner Tudor Gold’s ongoing drill program
being conducted at the Treaty Creek Project located in the Golden
Triangle of NW British Columbia. Tudor today announced results from two
deep vertical diamond drill holes (drilled to a depth of over 1,000m)
and four definition drill holes. All six holes intercepted significant
gold mineralization over wide intervals at the Goldstorm Zone.
Goldstorm Extension
Hole
GS19-47 was drilled as a 150m step-out from hole GS19-42 (reported July
30, 2019 averaging 0.683 g/t Au over 780m) and was drilled vertically
to a total depth of 1,199m, ending in mineralization. The hole
contains strong stockwork with gold-bearing mineralization accompanied
by significant base-metal disseminated sulphide mineralization averaging
0.589 g/t Au over 1081.5mincluding an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m.
The hole was stopped in mineralization due to the drill rig reaching
its depth limitation, however, casing was left in the hole for possible
continuation next year.
This 150 meter step-out hole confirms
that the Goldstorm system is gaining strength to the northeast. With
this strongly mineralized intercept, the Goldstorm Zone has been extended by a total of 300m
this year from the best hole drilled in 2018 (CB18-39, averaging 0.981
g/t Au over 563.8m) and has now been traced along strike for over 800
meters.
Goldstorm Definition Drilling
Asecond
deep vertical hole, GS19-48, was drilled to a total depth of 1035m from
the same pad as CB18-39 (drilled in 2018). The results exhibit
excellent continuity of mineralization between holes and this drill hole
returned 0.725 g/t Auover 838.5m, including a near surface interval of 328.5m averaging 1.048 g/t gold Au.
Four
footwall definition holes (GS19-43 to GS19-46) drilled on section
109+00 NE, were successful in extending the width of the mineralized
zone, to the southeast into the footwall of the controlling fault
structure.
Hole GS19-43 returned an average of 0.566 g/t Au over 493.5m;
Hole GS19-44 returned an average of 0.807 g/t Au over 267m including 1.065 g/t Au over 150m;
Hole GS19-45 returned an average of 0.719 g/t Au over 325.5m including 1.000 g/t Au over 173m.
Hole GS19-46 returned an average of 0.510g/t Au over 594m including 0.734 g/t Au over 162m.
Tudor Gold Exploration Manager, Ken Konkin explains:
“Given the success of the two deep drill holes GS19-47 and GS19-48, the
Goldstorm System shows no signs of weakening to the northeast and
several more drill holes will be needed to find the length and depth of
this huge gold system. Hole GS19-47 showed a very strong quartz
stockwork system and was still in gold values at the end of the 1,199
meter drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 meters.
This is the first time we’ve seen this strength of gold mineralization
at depth. Furthermore, a strong copper association was encountered with
gold values at depth in both GS19-47 and GS19-48.
A 151.5m zone of 0.22% copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 meters in GS19-47 and a 66.0m zone of 0.35% copper with 0.958 g/t gold was intercepted from 874.5 to 940.5m in GS19-48.
Not
only does the Goldstorm Zone remain open at depth and along strike, we
are now seeing base-metal associations possibly as part of a zonation
within the metal system.”
The following table provides gold composites from the six drill holes completed on three sections that cut the Goldstorm Zone.
Table I: Gold Composites for GS19-48 to GS19-43
SECTION
HOLE ID
FROM (M)
TO (M)
Interval (M)
GOLD (g/t)
114+00NE
GS19-47
117.5
1199
1081.5
0.589
including
200
501.5
301.5
0.828
and
986
1193
207
0.93
111+00 NE
GS19-48
97.5
936
838.5
0.725
including
97.5
426
328.5
1.048
109+00 NE
GS19-43
68
561.5
493.5
0.566
including
141.5
561.5
420
0.605
including
141.5
197
55.5
1.005
GS19-44
101
368
267
0.807
including
125
275
150
1.065
GS19-45
44
369.5
325.5
0.719
including
62
278
216
0.901
including
105
278
173
1.000
GS19-46
34.5
628.5
594
0.51
including
175.5
337.5
162
0.734
including
564
600
36
1.328
* All assay values are uncut and intervals reflect drilled intercept lengths.
* True widths of the mineralization have not been determined
Goldstorm Zone Drill Section 109+00 NE, 111+00 NE and 114+00 NE
Section
114+00 NE is a 300 m step-out on strike from 111+00 NE and hole GS19-47
hosts what is now the longest and deepest gold intercept on the project
to date.
Section 111+00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.
Section 109+00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.
Goldstorm Zone Plan Map
The
Goldstorm Zone now extends more than 800 meters in strike length and
remains open along strike to the Northeast and Southwest as well as to
depth.
Goldstorm zone drill sections and the plan map are included at the bottom of the news release.
The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.
Walter Storm, Tudor Gold President and CEO, stated:
“I am very pleased to see that all nine holes drilled have reported
very good results and we have not missed on any step-out targets nor any
footwall extension holes, they were all hits. These results have proven
that we have an excellent understanding of the structure, geology and
mineralogy of this massive gold system. I am looking forward to
continuing our exploration efforts in order to unlock the full potential
of this large gold system.”
Darren Blaney, American Creek CEO, stated:
“The anticipation of waiting for this 150 meter step-out hole has now
been rewarded with the largest gold interval drilled to date at the
project. Further, all five other holes have also hit significant gold
over wide intervals. Seeing the strong copper zones now showing up in
drill holes has added yet further potential to the possible extent of
the deposit. Clearly, we have a massive, world-class gold system that
still shows no signs of weakening to the northeast nor at depth. The
drilling continues to show strong correlation with the geophysics which
indicates that the gold mineralization potentially continues for
considerable depth below the bottom of the deepest drill holes.
I
can’t state strongly enough how pleased I am with what Walter, Ken and
the Tudor team have accomplished with the Treaty Creek exploration
program!”
QA/QC
Drill core samples were prepared
at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA
Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and
precision are monitored by the submission of blanks, certified standards
and duplicate samples inserted at regular intervals into the sample
stream by Tudor Gold personnel. MSA Laboratories quality system complies
with the requirements for the International Standards ISO 17025 and ISO
9001. MSA Labs is independent of the Company.
Qualified Person
The
Qualified Person for this news release for the purposes of National
Instrument 43-101 is Tudor Gold’s Exploration Manager, Ken Konkin,
P.Geo. He has read and approved the scientific and technical information
that forms the basis for the disclosure contained in this news release.
About American Creek
American
Creek is a Canadian junior 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.
A
major drill program is presently being conducted at Treaty Creek by JV
partner and operator Tudor Gold. There are two drills working on the
Goldstorm zone at present.
The Treaty Creek Project is a Joint
Venture with Tudor Gold owning 60% and acting as operator. American
Creek and Teuton Resources each have 20% interests 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”.
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
Figure 1: Goldstorm Zone Selected Results From Deep Step-out Holes
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.
Palladium price peaks at new record high, rhodium roaring
Palladium hit a fresh all-time high on Friday on persistent worries about supply from South Africa and prospects of a pickup in demand in China.
Nymex Palladium futures gained 1.5% to $1,636.60 an ounce in New York in morning trading before easing back. Palladium’s gains for the year now top 40% or $477 per ounce.
Palladium hit a fresh all-time high on Friday on persistent worries
about supply from South Africa and prospects of a pickup in demand in
China.
Nymex Palladium futures gained 1.5% to $1,636.60 an ounce in New York
in morning trading before easing back. Palladium’s gains for the year
now top 40% or $477 per ounce.
The threat of labour unrest in South Africa, which together with
Russia are responsible for more than 80% of global platinum group metal
output, loomed large again on Friday after the militant union Amcu
re-elected its firebrand leader.
Amcu rose to prominence in 2012 when clashes between police and
striking workers at the Marikana mine in the African nation’s prolific
platinum belt left 34 dead.
Any signs of stimulus from the Chinese auto market could lead to additional upside price potential.
BMO Capital Markets
More than three-quarters of palladium ends up in catalytic converters
for gasoline engines and the rise in the precious metal comes despite a
severe slowdown in vehicle sales around the world.
Top consumer China has seen sales drop for 14 out of the last 15
months, and in August 9.9% fewer cars and truck rolled off lots compared
to last year. Annual sales in the world’s no 2 market – the US – are
also expected to come in below 2018’s total.
What has lifted palladium is greater average loadings per vehicle as
more stringent emissions standards are implemented in China and Europe.
BMO Capital Markets in a recent note said “any signs of stimulus from
the Chinese auto market could lead to additional upside price
potential.â€
Robust rhodium
Sister metal rhodium is also on a roll, more than doubling in price
so far this year. Rhodium, also used mainly in autocatalysts, exchanged
hands at $5,400 an ounce on Friday in New York, the highest in 11 years.
Due to rarity, the small size of the market and concentrated supply, prices are typically volatile.
Rhodium (and sister metal ruthenium) stand out when it comes to price
swings – rhodium touched $10,025 an ounce just before the 2008
financial crisis hit, but would drop 90% before the end of that
tumultuous year.
Platinum was trading flat on Friday at $945.10 after briefly scaling
$1,000 an ounce two weeks ago. Given the historically weak price, some
investors are using the opportunity to stock up on the metal.
ETF holdings of platinum have expanded rapidly this year, reaching 3.3m ounces last week, up 38% or 916,000 ounces in 2019.
In contrast, palladium ETF vaults have been emptying as investors
lock in some of the gains. Palladium-backed ETF holdings total 655,000
ounces, down 120,000 ounces year to date.
Developing, in collaboration with industry leader PyroGenesis (TSX-V: PYR) the innovative PUREVAPTM “Quartz Reduction Reactorsâ€, will permit the transformation and purification of quartz (SiO2) into Metallurgical Grade Silicon (Mg-Si) at prices that will propagate its significant renewable energy potential.
Also working with industry leader Apollon Solar to develop a metallurgical pathway of producing Solar Grade Silicon Metal (SoG Si) that will take full advantage of the PUREVAPTM QRR one-step production of high purity silicon (Si) and significantly reduce the Capex and Opex associated with the transformation of quartz (SiO2) into SoG-Si.
Focused on becoming the lowest cost producer of Silicon (Si), High Purity Silicon (Si) and Solar Grade Silicon Metal (SoG-Si). The pilot plant equipment that will validate the commercial potential of the process is on schedule to start in 2019.
Posted by AGORACOM
at 2:17 PM on Friday, September 20th, 2019
September 20, 2019) - Affinity Metals Corp. (TSXV: AFF) (“Affinity Metals”) (“the Corporation”) is pleased to report that it has commenced exploration on the Regal Project located approximately 35 km northeast of Revelstoke, British Columbia, Canada. The program will include geological mapping, sampling, and up to 2,000 meters of diamond drilling testing several targets identified in preliminary work. The total amount of drilling in this phase of the program will depend on weather and on evaluating target potential and results as the program progresses. Drilling will begin in the ALLCO area of the property.
The
extensive Regal property package spans 6,700 hectares in the northern
end of the prolific Kootenay Arc and hosts several past producing
small-scale historic mines. From the historic records it appears that
most, and perhaps all, of the known mineralized showings/zones have not
been previously drilled using modern diamond drilling methods.
Preliminary work conducted in the fall of 2018 included collecting a total of 20 grab and chip samples from several different areas on the property including around the old Regal Silver workings, in the Clabon Creek drainage and at a promising showing along a logging road cut several km to the west of the Regal historic workings. The samples returned values as high as 1,890 g/t silver with >20% lead, and 7.63% zinc. A one-meter chip sample from a 4 meter wide galena vein immediately outside the Regal Silver #5 adit yielded 1,040 g/t silver as well as greater than 20% lead and 3,580 g/t (0.358%) zinc. Results for all 20 samples are reported below:
Significantly,
as a result of a recent, severe freshet event that totally scoured the
upper Clabon Creek drainage, a series of numerous large mineralized
boulders were exposed. Planned field work will include examination of
the mineralization and host rock which will be invaluable in identifying
the source of this mineable grade material (photo below). This float
material is present in the creek drainage over a distance of
approximately 3km indicating the strong potential for discovering new
mineralized zones upstream and in the immediate area.
Robert
Edwards, CEO stated: “We are very excited to finally be able to begin
exploration on the Regal Property in a meaningful way. It has taken
considerable time and effort to assemble the vast amounts of historic
geological data that has been accumulated on this project. Combining
that data with our prospecting time spent on the ground to begin to test
the many targets that have been identified should lead to some positive
results for this drill program.”
Property History & Background
The property hosts numerous mineral occurrences including the following past-producing mines:
Snowflake and Regal Silver (Stannex/Woolsey) Mines
The
Snowflake and Regal Silver mines were two former producing mines that
operated intermittently during the period 1936-1953. The last
significant work on the property took place from 1967-1970, when Stannex
Minerals completed 2,450 meters of underground development work and a
feasibility study, but did not restart mining operations. In 1982,
reported reserves were 590,703 tonnes grading 71.6 grams per tonne
silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper,
0.13 per cent tin and 0.015 per cent tungsten (Minfile No. 082N 004 –
Prospectus, Gunsteel Resources Inc., April 29, 1986). It should be noted
that the above resource and grades, although believed to be reliable,
were prepared prior to the adoption of NI43-101 and are not compliant
with current standards set out therein for calculating mineral resources
or reserves. Samples ALLC18-1 to ALLC18-14 inclusive and ALLC18-20 were
taken on and in the vicinity of The Regal/Snowflake historical mine
workings during the 2018 preliminary exploration program.
ALLCO Silver Mine
The
Allco Silver Mine is situated 6.35 Kilometers northwesterly (azimuth
300o) from the above described Snowflake/Regal Mine(s) but still part of
the Affinity claim group.
The
Allco Silver Mine operated from 1936-1937 and produced 213 tonnes of
concentrates containing 11 troy ounces of gold (1.55 g/t), 11,211 troy
ounces of silver (1,637 g/t) and 173,159 lbs of lead (36.9%).
Black Jacket Showing.
The
Black Jacket showing was discovered by routine prospecting during 2008.
Samples taken on the showing are numbered ALLC18-15 to ALLC18-19
inclusive. This is a raw prospect in that no technical work excluding
sampling has been conducted on this showing. The showing is situated
10.3 kilometers westerly (azimuth 281o) from the historical
Snowflake/Regal Mine.
Airborne Geophysics to Guide Future Exploration
An
extensive airborne geophysics survey conducted by Geotech Ltd of
Aurora, Ontario, for Northaven Resources Corp. in 2011, identified four
well defined high potential linear targets correlating with the same
structural orientation as the Allco, Snowflake and Regal Silver mines.
Northaven also reported that the mineralogy and structural orientation
of the Allco, Snowflake and Regal Silver appeared to be similar to that
of Huakan International Mining Inc’s J&L gold project located to the
north, and on a similar geophysical trend line. The J&L is
reporting a NI43-101 compliant resource of 9.9M tonnes containing 2.4M
troz gold equivalent (combined measured, indicated and inferred) and is
reportedly now one of western Canada’s largest undeveloped gold
deposits. Northaven failed in financing their company and conducting
further exploration on the property and subsequently forfeited the
claims without any of the follow up work being completed. Affinity
Metals is in the fortunate position of benefitting from this significant
and promising geophysics data and associated targets.
The
aforementioned Northaven airborne geophysical survey conducted at a
cost of $319,458.95 in August of 2011 is described in The BC Ministry of
Energy, Mines and Petroleum Resources Assessment Report #33054. The
results of the survey are competently explained and illustrated by
professionals on You Tube at: https://www.youtube.com/watch?v=GX431eBY_t0
Affinity
Metals has successfully obtained a 5 Year Multi-Year-Area-Based (MYAB)
exploration permit which includes approval for 51 drill sites.
Qualified Person
The
qualified person for the Regal Project for the purposes of National
Instrument 43-101 is Frank O’Grady, P.Eng. He has read and approved the
scientific and technical information that forms the basis for the
disclosure contained in this news release.
About Affinity Metals
Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.
The Corporation’s flagship project and present focus is the Regal.
On behalf of the Board of Directors
Robert Edwards, CEO and Director of Affinity Metals Corp.
Posted by AGORACOM-JC
at 11:55 AM on Thursday, September 19th, 2019
SPONSOR: NORTHBUD (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Learn More.
—————————————————–
Marijuana’s Biggest Day of the Year Is 4 Weeks Away
Last year, the marijuana industry made history… many times over.
But nothing took precedence over Canada becoming the first industrialized country in the world to legalize recreational cannabis, with sales commencing on Oct. 17, 2018.
Last year, the marijuana industry made history… many times over.
But nothing took precedence over Canada becoming the first
industrialized country in the world to legalize recreational cannabis,
with sales commencing on Oct. 17, 2018. Even though Canada substantially
trails the U.S. in terms of aggregate annual legal weed sales, it’s
setting an example among industrialized countries that the legalization of marijuana is possible.
Now, the biggest date of 2019 is rapidly approaching. And wouldn’t you know it, it’s Oct. 17, once again.
Image source: Getty Images.
Why Oct. 17 is a big date for the pot industry (again)
Over the past 11 months and change, Canada has allowed for the sale
of dried cannabis flower, cannabis oil, and sublingual sprays.
Meanwhile, edibles, nonalcoholic cannabis-infused beverages, vapes,
concentrates, and topicals, weren’t legal. This sort of two-step
legalization process was done to allow the industry to find its footing,
as well as give regulators time to adjust to cannabis becoming legal
for adult purchase. But on Oct. 17, regulations now governing dried
cannabis will apply to derivative products as well.
However, investors and Canadian consumers should understand that
derivative pot products aren’t going to be showing up in dispensaries on
Oct. 17. Much in the same way that it took dried cannabis flower brands
weeks to begin populating dispensary store shelves, it’ll probably be the same story for derivative products.
Regulatory agency Health Canada has cautioned that derivative supply
won’t hit the market until mid-December, with it taking weeks or months
thereafter for supply to be adequate to meet demand.
This, of course, is really big news for marijuana stocks, because
derivative cannabis products are a considerably higher margin product
for the industry, relative to dried flower. In select U.S. states (ahem,
Oregon), we’ve witnessed the oversupply and commoditization of dried
flower, leading to weaker margins for pot businesses. We’re highly
unlikely to see oversupply and pricing concerns from derivatives anytime
soon.
A point that is sometimes lost on this derivative launch is that
these are products which speak to a younger generation of cannabis
users. Not only are derivatives more attractive in the respect that they
may not need to be smoked, but they’re going to attract potentially
long-term customers to the industry.
Image source: Getty Images.
Growers go all-out for derivative production
Considering the importance of derivatives to cannabis stock margins,
it’s not surprising to find that growers have been laser-focused on
derivative production for a good portion of 2019.
Some growers, such as OrganiGram Holdings (NASDAQ:OGI),
have chosen to set up a variety of in-house derivative options. During
the company’s fiscal third quarter, OrganiGram announced that it’d be
investing 15 million Canadian dollars into a line of fully automated
equipment necessary to produce up to 4 million kilos of chocolate
edibles per year. This coincides with OrganiGram’s 56,000-square-foot phase 5 expansion which, among other things, is targeted at extra space for derivative production and processing.
The company has also developed a nano-emulsification technology
that can speed up the onset of the effects of cannabinoids. This
product will first be introduced as a powder that can be added to
beverages, but OrganiGram is also actively looking for a partner to help
it develop an infused beverage product containing this proprietary
technology.
Cronos Group (NASDAQ:CRON), and its investment partnerAltria,
are also eager to see the green flag wave on derivatives. Cronos
Group’s peak annual output of nearly 120,000 kilos per year may not even
be enough to place this brand-name pot stock among the top-10 growers.
But that’s OK with Cronos, as it’s placed its attention almost entirely
on derivative cannabis products.
For instance, Cronos and Altria will be working together to roll out
an assortment of vape products. Altria is well-versed in the adult
smoking market and should prove helpful in assisting Cronos Group’s
marketing efforts and product launches (regarding vapes). Beyond vaping,
Cronos Group will be leaning on its partnership with Ginkgo Bioworks to
produce targeted cannabinoids at commercial scale, as well as other
third-party extraction service providers.
Image source: Getty Images.
Speaking of extraction services, there may not be a smarter way of
playing the derivatives craze than with third-party extraction
providers. As an example, MediPharm Labs (OTC:MEDIF) only commenced its extraction operations during the fourth quarter. Despite this, MediPharm managed to turn a nominal operating profit
of $0.01 per share in the second quarter. The company’s sales and
profitability are set to soar as growers scramble for derivative
exposure. Yet, MediPharm’s sales and profits should remain highly
predictable with the company locking in contracts for an extended period
of time. Soon enough, the company’s annual extraction capacity will hit
500,000 kilos.
The one thing to remember about the upcoming marijuana derivatives launch
While, on one hand, the launch of derivative products should be lauded by investors, there’s another side to this launch that everyone should be aware of.
As I alluded to earlier, Health Canada has cautioned that alternative
consumption products aren’t going to immediately hit dispensary shelves
once the green flag waves on Oct. 17. Rather, it’s going to take time
before any sort of supply is built up in the marketplace, with a
presumptive two-month gap between when derivative regulations going into
effect and when derivative products will begin showing up in licensed
stores.
But here’s the thing: Product showing up in stores doesn’t mean that
the supply will be sufficient to meet demand. Similar to what we’ve been
witnessing in the dried flower market, supply issues exist that are
likely going to make it difficult for derivative products to find their
way into dispensaries, at least in the early going.
Don’t get me wrong, I expect derivatives to push sales and margins
higher for cannabis stocks across the board. However, I think it’s going
to be multiple quarters before Health Canada resolves a number of
supply issues, resulting in what could be weaker-than-expected sales in
the months to come.
Make no mistake: Derivatives are the future of the cannabis industry. Just understand that the future isn’t going to happen overnight. Give this industry, and the rollout of derivatives, proper time to mature, and you won’t be disappointed.
Here’s The Marijuana Stock You’ve Been Waiting For A
little-known Canadian company just unlocked what some experts think
could be the key to profiting off the coming marijuana boom.
And make no mistake – it is coming.
Cannabis legalization is sweeping over North America – 10 states plus
Washington, D.C., have all legalized recreational marijuana over the
last few years, and full legalization came to Canada in October 2018.
And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.
Because a game-changing deal just went down between the Ontario
government and this powerhouse company…and you need to hear this story
today if you have even considered investing in pot stocks.
Posted by AGORACOM-JC
at 11:22 AM on Thursday, September 19th, 2019
A look at a mineralized outcrop containing Platinum Group
Metals (PGMs) on the River Valley project site. Metals such as PGMs and
lithium will continue to experience sustained increases in demand as the
global push for sustainability becomes mainstream.
The future of transportation is poised for sustainability
through the global adoption of hybrid electric vehicles (HEVs) and fully
battery electric vehicles (BEVs)
Industry experts are forecasting a consistent increase in demand for lithium, used to develop the batteries in HEVs and BEVs
Industry experts are also forecasting an increase in demand for the Platinum Group Metals (PGMs) used by autocatalyst manufacturers, to ensure compliance with tightening emissions regulations
New Age Metals’ flagship River Valley primary PGM project in
Ontario, and lithium division with assets in Manitoba positions the
company as a key player in the growth of HEVs and lowering CO2 emissions
By: Jason Smith
Harmful carbon dioxide emission levels are rising globally,
largely due to the use of fossil fuels as the primary source of energy
used by the transportation industry. Examples of this use include the powering of jumbo jets, container ships and semi-trucks.
Passenger vehicles also rely on fossil fuels and have a bad reputation
for the amount of pollutants they release into the atmosphere on a daily
basis.
However, passenger vehicles produce more than four times the
greenhouse gas (GHG) emissions of all domestic aviation, according to
the Globe and Mail. The focus over the last few years has been on making these passenger vehicles
more environmentally-friendly, which is a large reason why automakers
have started producing electric or hybrid electric vehicles (HEVs).
While automakers are being forced by emissions regulation to reduce
their carbon footprint, the majority of consumers are not ready to go
fully electric and are increasingly choosing hybrid vehicles to bridge
the gap with cars that solely use batteries. With more vehicles being
sold worldwide each year, especially those that are less pollutive,
automakers will need more of the critical raw materials used to create
the hybrid and electric vehicles.
This need for less pollutive methods of transportation is where
lithium and palladium enter the picture. Lithium is used to produce
batteries, but the size of car batteries used in HEVs and the increase
in HEV sales that is anticipated by the industry
will require substantially more lithium than what is available in the
market today. Palladium, which is a member of the PGM family, is largely
used to reduce pollution that originates from vehicles operating with
internal combustion engines (ICE) through its use as the primary
‘catalyst’ in catalytic converters (commonly known as auto-catalysts).
While palladium is often overlooked when it comes to the push for
sustainability, it has played a huge role in reducing the amount of
toxic emissions being released into the atmosphere. This positive impact
is most noticeable in urban areas where automobiles are concentrated.
The value of an ounce of palladium has increased exponentially in the
past year, rising 60 per cent year-over-year in Sept. 2019 from under
USD$950 to over USD$1500. The reason for the dramatic price movement is
due to supply concerns and the metals value as the premier option for
use in auto-catalysts.
With ICE-powered vehicles not going away any time soon, the global demand for palladium will endure as a pollution-control
device, and investors are taking notice. Anton Berlin is the head of
strategic marketing at the world’s largest producer of Palladium,
Norilsk Nickel. He recently stated, “Hybrids — cars with both an
electric battery and a combustion engine — will dominate the electric
vehicle market in the long-run, which suggests a long-term advantage for
the PGM market.â€
The extensive infrastructure required to support a universal
transition to EVs still needs time to be completely fleshed out but is
gaining speed. According to a new report entitled, “2019 Investor’s Business Daily/TIPP Electric Vehicle Outlook Study,â€
range and available charging stations are what make potential EV buyers
the most apprehensive, although these are issues that are currently
being addressed.
Regardless, the desire to limit pollution is leading to the growing
demand for middle-ground HEVs, which is causing car manufacturers to
focus on their abilities to design and assemble automobiles that emit
less noxious fumes primarily through the use of palladium and lithium.
Research has shown that hybrid electric vehicles actually require
more palladium and lithium than traditional gasoline-powered vehicles,
so increased adoption of hybrid vehicles will subsequently increase
demand for these metals.Harry Barr, CEO, New Age Metals.
A flagship project in a historic mining district
Anticipating the continued strength in demand for palladium and the general forecast for lithium demand is New Age Metals
(TSX.V: NAM, OTCQB: NMTLF, FSE: P7J), bolstered by the company’s
flagship River Valley project in the Sudbury region of Ontario. The
Sudbury region, known as the mining capital of Canada, is largely
dominated by major mining and processing operations run by Vale and
Glencore.
However, these companies’ operations are facing depleted ores to feed
processing facilities and may need to acquire additional sources to
operate closer to their intended capacity. This is where River Valley
comes in as an integral player, which lies just 100 km from Sudbury and
hosts 2.9 million ounces in the (NI-43 101 compliant) measured and
indicated category of palladium-equivalent (PdEq) resources and 1.1
million ounces in the inferred category.
Diagram of New Age Metals’ current project locations. Supplied
Harry Barr, CEO of New Age Metals, is well aware of the role his company is poised to play as demand for hybrids continually increases.
“Research has shown that hybrid electric vehicles actually require more
palladium and lithium than traditional gasoline-powered vehicles, so
increased adoption of hybrid vehicles will subsequently increase demand
for these metals,†he notes. New Age Metals recently had
a preliminary economic assessment completed on River Valley, projecting
a mine with a 14-year lifespan, 6 million tonnes annually of potential
process plant feed at an average grade of 0.88 g/t PdEq and a process
recovery rate of 80 per cent, resulting in an annual average payable
PdEq production of 119,000 ounces.
Barr elaborates, “It’s unique to have a deposit of mineable platinum
group metals in North America, and very unique to have a deposit near so
much processing infrastructure that’s also close to car manufacturers,â€
emphasizing the advantageous position the company finds itself in with
River Valley.
With this in mind, Barr and his team are focused on maximizing this
opportunity to expand the resources at River Valley and develop it to a
point where the project achieves feasibility and is producing. In the
meantime, the project also has tremendous exploration upside and
management plans to continue with an aggressive exploration program. A credible investment alternative to the big PGM players
A key advantage for the River Valley project is its location in a
safe, reliable mining jurisdiction. The majority of the world’s
palladium currently comes from South Africa and Russia,
both of which could be problematic in terms of long-term supply
security, political issues and concerns regarding human rights and
sustainability.
Worth noting is the fact that Norilsk Nickel is not only the worlds’ largest producer of palladium and nickel, but also the largest emitter of sulfur oxides which is a pollutant considered immediately dangerous to life and health.
Fortunately, New Age Metals’ Ontario-based project offers the benefit
of being located in a safe jurisdiction that has excess processing
infrastructure and is known for moderating the environmental impacts from mining and smelting.
Barr explains, “Sudbury’s been a mining center for 120 years, so every
type of mining service is nearby.†Given this unique situation, the
company represents a credible investment opportunity.
Sid Rajeev, vice-president of Fundamental Research Corp., conducted a
thorough analysis of the River Valley PEA. He notes, “Our biggest
takeaway from the PEA was that, at a reasonable palladium price estimate
of USD$1,200 per oz, the study showed an after-tax net present value at
5 per cent of $138 million. New Age Metals’ current enterprise value is
just USD$3 million, implying that shares are trading at just 2 per cent
of net asset value.â€
This level of potential upside is rarely available to the investment
community and as New Age Metals brings River Valley towards
pre-feasibility, it’s unlikely that the company will remain undervalued
for long.
Our biggest takeaway from the PEA was that, at a reasonable
palladium price estimate of USD$1,200 per oz, the study showed an
after-tax net present value at 5 per cent of $138 million. New Age
Metals’ current enterprise value is just USD$3 million, implying that
shares are trading at just 2 per cent of net asset value.Sid Rajeev, vice-president, Fundamental Research Corp.
Having a substantial deposit of PGMs in North America positions New
Age Metals to benefit from the future of sustainability, however there
is a general lack of knowledge about PGMs in North America due to the
low number of primary PGM producers in the arena. The company is in the
process of moving River Valley along the development curve but is also
seeking a qualified partner to assist in further exploration and
development of the project.
New Age Metals’ lithium angle
Adding to the company’s green energy story is its suite of lithium projects in Manitoba. The demand
for this metal is forecasted to increase by 20 per cent per year
through to 2028. With lithium in high demand due to the ever-increasing
growth in the popularity of battery-powered vehicles, these projects
give the company optionality on lithium discovery; two of its eight
projects are currently drill-ready. Plans to drill on the ‘Lithium One’
and ‘Lithium Two’ are in place and company management is anticipating
the initiation of these drill programs in the near future.
The company’s lithium projects are situated along strike of the Tanco
Pegmatite and the claims encompass several pegmatite groups. The
projects are also located 140 km northeast of Winnipeg, Manitoba. The
Tanco mine was owned by the Cabot Corporation who announced in Jan.
2019, that it would be selling the mine to Sinomine Rare Metals Co. Ltd
for USD$130 million. This sale demonstrates a high interest in the
project and potentially the surrounding area, which lends credibility to
New Age Metals’ projects, based on shared geology and proximity.
Exploration on Lithium One is ongoing with concentration of the
northern section, with focus on the Annie and Silverleaf Pegmatites.
Silverleaf Pegmatite has zones of spodumene and lepidolite exposed on
surface with samples up to 4.1 per cent lithium oxide (Li2O). The Annie
Pegmatite returned values up to 0.6 per cent Li2O and 0.37 per cent
Ta2O5.
On Lithium Two, the Eagle Pegmatite is exposed on surface and was
last drilled in 1948, and at the time it was indicated that it remains
open to depth and along strike. A historic tonnage of 544,460 tonnes
of 1.4 per cent Li2O was reported during this year, however the actual
amount has not been confirmed by a qualified person at this time.
An ownership map showing Tanco Mine location proximity to New Age Metals projects. Supplied
With drilling set to begin in Manitoba and River Valley continuing to
move along the development curve, New Age Metals expects to
consistently generate valuable news for investors in the coming months,
keeping the company top-of-mind. Its position in palladium and lithium
provide the company with incredible potential as a high-performing
source for investment as the need for sustainable transportation
continues to be a significant social issue.
To learn more about New Age’s operations and project portfolio, visit them online: newagemetals.com
The following video is a short overview of New Age Metals, and
outlines some of the reasons why the company is an avenue for investment
in the future of sustainability associated with the electrification of
transport
Posted by AGORACOM
at 9:19 AM on Wednesday, September 18th, 2019
Kamloops, British Columbia–(Newsfile Corp. – September 18, 2019) –
Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is
pleased to provide an exploration update on its Tabasquena gold and
silver project in Zacatecas, Mexico. To date, 10 drill holes have been
completed hitting widespread gold and silver mineralization in near
surface epithermal veins. Recently, a 3D induced polarization (IP)
survey was completed that identified a significant continuous
chargeability anomaly, with an east-west width of approximately 250
metres and an apparent strike length of over 800 metres. This anomaly is
located directly below the Tabasquena vein. The anomaly remains open
to the north and to the south and at depth. A second phase 3D IP
geophysical survey is scheduled to begin in the first week of October to
extend the grid to the south.
The purpose of the extended grid to
the south will be threefold, firstly it will establish the continuity
of the anomaly to the south, secondly whether or not the target anomaly
becomes shallower and lastly it will assist in positioning the upcoming
drill hole locations. It is planned to commence drilling once the IP
survey has been completed.
Images shown below are a 3D model of
the epithermal veins hit in previous drilling and a voxel inversion
model showing the extent of the large chargeability anomaly for lines
L7450N and L7250N. These two diagrams are an excellent representation of
the emerging targets at Tabasquena.
The black line at the surface
of the 3D model of drill holes is the surface projection of the
Tabasquena vein. The red shaded area is the historical mining done by
Penoles. The chargeability anomaly is approximately 250 metres below the
historical mining, and it follows the strike direction of the
Tabasquena vein. The epithermal veins, with highlighted widespread gold
and silver mineralization, are above and slightly to the west of the
deeper chargeability anomaly.
Allan Barry Laboucan, President and CEO of Advance Gold Corp., commented: “Our
exploration efforts at Tabasquena are coming together nicely with the
past drilling and the recent IP geophysical survey. It is important to
point out, the IP survey is meant to reveal sulphides through
chargeability. The epithermal veins are low sulphidation and relatively
small and don’t show up well in the IP survey, however right below these
veins is the large continuous chargeability anomaly of over 800 metres
from north to south and approximately 250 metres from east to west.
Before starting our next round of drilling, we wanted to extend the IP
grid to the south, where the anomaly is closer to surface. There is a
significant elevation change of approximately 300 metres from the
northernmost line of the geophysical survey to the most southerly one.
We have approximately 1500 metres to the southern limits of our claims.
The chargeability anomaly is open to the north, but due to the higher
elevation and more cover it exceeds the depth limits of the IP survey.
We are very excited to extend the grid to the south as that is the
direction of the highest intensity of the chargeability and where it
becomes closest to surface. The combination of the quality of Tabasquena
and our various projects, our low share count and a tight share
structure, with substantial insider ownership and tiny valuation, puts
us in a unique position relative to our exploration focused peers as the
market for gold and silver are gaining strength.”
Julio Pinto
Linares is a QP, Doctor in Geological Sciences with specialty in
Economic Geology and Qualified Professional No. 01365 by MMSA., and QP
for Advance Gold and is the qualified person as defined by National
Instrument 43-101 and he has read and approved the accuracy of technical
information contained in this news release.
About Advance Gold Corp. (AAX.V)
Advance
Gold is a TSX-V listed junior exploration company focused on acquiring
and exploring mineral properties containing precious metals. The Company
acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas,
Mexico in 2017, and the Venaditas project, also in Zacatecas state, in
April, 2018.
The Tabasquena project is located near the Milagros
silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena
include road access to the claims, power to the claims, a 100-metre
underground shaft and underground workings, plus it is a fully permitted
mine.
Venaditas is well located adjacent to Teck’s San Nicolas
mine, a VMS deposit, and it is approximately 11km to the east of the
Tabasquena project, along a paved road.
In addition, Advance Gold
holds a 13.23% interest on strategic claims in the Liranda Corridor in
Kenya, East Africa. The remaining 86.77% of the Kakamega project is held
by Barrick Gold Corporation.
Posted by AGORACOM-JC
at 8:00 AM on Wednesday, September 18th, 2019
Adds 20 mobile video gaming media websites to the Enthusiast Gaming network, increasing the platform to over 100 websites
Expands reach of live event business to include 25 live events across 11 key markets including the US and UK
Adds approximately C$3M in annualized revenue
TORONTO, Sept. 18, 2019 — Enthusiast Gaming Holdings Inc. (TSXV: EGLX), (“Enthusiast Gaming†or the “Companyâ€), is pleased to announce that through its wholly owned subsidiary, Enthusiast Gaming Properties Inc., it has entered into a Share Purchase Agreement (“Agreementâ€) to acquire all of the shares of Steel Media Limited (“Steel Mediaâ€), a leading mobile gaming and live events company.Â
Steel Media owns 20 mobile gaming media websites including:
pocketgamer.com, pocketgamer.biz, appspy.com, and 148apps.com; and is
the owner and operator of over 25 video game networking events across 11
countries, including key markets such as the US and UK. Pocket Gamer (www.pocketgamer.com)
is the world’s leading destination for the mobile gaming community,
including: iPhone, iPad, Android, Nintendo Switch, 3DS and more. As one
of the most recognized brands in the mobile gaming industry, Pocket
Gamer has over 2 million monthly impressions on mobile and web, and
covers multiple sites, events and even printed magazines.
Steel Media is also an industry leader in B2B and consumer mobile
gaming events. It owns and operates numerous successful networking
events around the world with 15,000 registered industry attendees and
key sponsors and partners. Steel Media hosts Pocket Gamer Party, Top 50
Developer Guide, Mobile Mixers, the Mobile Games Awards, and its feature
event, Pocket Gamer Connects, the largest B2B mobile games conference
series, with events in locations such as London, San Francisco, Helsinki
and Seattle with additional locations coming soon. The Steel Media team
will continue operating the business and led by its Chief Executive
Officer, Chris James.
The acquisition of Steel Media unlocks a new audience segment for
Enthusiast Gaming, the highly coveted and rapidly growing mobile gaming
segment. Further, the acquisition aligns with Enthusiast Gaming’s
strategy of growing its total audience reach across the entire gaming
market through accretive acquisitions both within its online media
segment and expanding events business. Combined with Steel Media,
Enthusiast Gaming’s digital network will reach more than 100 properties
and significantly increases its mix of owned and operated sites in its
network.
Menashe Kestenbaum, President of Enthusiast Gaming commented, “We
have seen a significant increase in mobile gaming and it continues to
be a huge segment within the overall gaming industry. The acquisition of
Steel Media aligns with our growth strategy through M&A and also
the continued expansion of our events division.†He continued,
“Steel Media has built a well-recognized brand and successful businesses
across mobile, B2B and events that will allow us to continue
capitalizing on the growth of mobile gaming and drive further revenue
synergies across two of our three pillars, Media and Events.â€
The Agreement
Pursuant to the terms of the Agreement, Enthusiast Gaming has agreed
to (i) a cash payment of approximately US$2,969,000 with US$1,968,536 to
be paid on closing (US$1,000,000 net of cash on hand) and the balance
to be paid on the first anniversary of the date of closing and (ii)
issue US$500,000 worth of common shares in the capital of the Company (“CommonSharesâ€)
at a deemed price per share equal to the 5 day volume weighted average
trading price. In addition, Enthusiast Gaming has agreed to an earn out
payment of up to US$500,000 based on the performance of Steel Media.
The Agreement remains subject to TSX Venture Exchange approval. Any
Common Shares issued in connection with the Agreement will be subject to
a 12 month hold period from the date of issuance.
About Enthusiast Gaming
Enthusiast Gaming (TSX.V:EGLX) is one of the largest vertically
integrated video game and esports companies in the world. The Company’s
digital platform includes +85 gaming related websites and 900 YouTube
channels which collectively reach 150 million visitors monthly.
Enthusiast’s esports division, Luminosity Gaming, a leading global
esports organization consists of 8 professional esports teams under
ownership and management, including the #1 ranked Overwatch team, the
Vancouver Titans and over 50 gaming influencers with a total audience of
60 million followers. Collectively, the community reaches over 200
million gaming enthusiasts on a monthly basis. Enthusiast also owns and
operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo,
EGLX, (eglx.ca) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com. For more information on Luminosity Gaming, please visit luminosity.gg.
CONTACT INFORMATION
Investor Relations: Julia Becker Head of Investor Relations & Marketing Telephone: 604-785-0850 Email: [email protected]
Forward-Looking Information
Certain statements in this release are forward-looking
statements. Forward looking statements consist of statements that are
not purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Such statements
are subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in
the statements, including risks related to factors beyond the control
of Enthusiast Gaming. The risks include risks that are customary to
transactions of this nature and customary to companies which have their
stock traded on the TSXV. No assurance can be given that any of the
events anticipated by the forward-looking statements will occur or, if
they do occur, what benefits Enthusiast Gaming will obtain from them.
For instance, there can be no assurance that the acquisition will close
as anticipated, that the acquisition will position the Company as a
leader in the mobile gaming sector and that the acquisition will result
in growth of the Company’s online and offline gaming community.
This press release does not constitute an offer to sell or
solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the “U.S.
Securities Actâ€) or any state securities laws and may not be offered or
sold within the United States or to a U.S. Person unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
Neither 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.
Posted by AGORACOM-JC
at 5:50 PM on Tuesday, September 17th, 2019
Investment Highlights
Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property
Kenbridge Ni Project (ON, Canada)
Advanced stage deposit remains open in three directions, is
equipped with a 623m deep shaft and has never been mined.
Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits.
Plans for Kenbridge include updating PEA,
advancing the project through to feasibility and exploring the open
mineralization at depth
FULL DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.
