Nickel is also a key element used in cathodes for electric vehicle batteries, with many believing demand from this sector will increase significantly in the coming decades. Additionally, Quebec has one of the lowest tax rates for mining companies in North America and has several competitive tax incentives. Eclipse said the commercially-more-valuable elements praseodymium and neodymium were significantly enriched in one of the drill holes relative to lower values of lanthanum and cerium. C$0.5 million has already been paid as a deposit, leaving the outstanding cash consideration payable of C$2.5 million. The EM survey, a method chosen as it will measure the presence of sulphides to a depth of ~50m, resulted in EM anomalies throughout the length of the Victoria structure. Please refer to our full disclaimer here. *Assay results are as measured in the core box. Renforth Resources (CSE:RFR, OTCQB:RFHRF, FSE:9RR) has a portfolio of mineral properties with the Surimeau District Property - a new battery metals discovery, and its Parbec Gold Deposit, both located near Malartic Quebec and in the heart of the Abitibi Greenstone Belt. The face value of the convertible securities is $1.08 million, with the discount to face value (amount available to the Company) being $1.0 million; the difference representing the 8% interest disclosed in the Acquisition Announcement. "Sinc The Parbec Gold Deposit is fully funded to date, has developed infrastructure, and is accessible by road. We expect the LME nickel price to remain volatile in the near term, as the global nickel market finds equilibrium following the price spike and subsequent events, Jason Sappor, senior research analyst with S&P Global Market Intelligence, told INN back in March. Stainless steel production rates have been falling since March, and this will continue at least through July, he explained. HORIZONTE MINERALS PLC COMPLETES FIRST DRAWDOWN UNDER US$346 MILLION SENIOR DEBT FACILITIES, Horizonte Minerals Plc (AIM:HZM)(TSX:HZM) ("Horizonte" or the "Company")is pleased to announce that it has satisfied all conditions precedent for the first utilisation under the senior secured project finance debt facilities of US$346.2 million (the "Senior Debt Facilities"), as previously announced in March 2022. Since assuming the role of President consulting fees associated with Nicoles management services have been paid after accruing for a length of time with shares rather than cash. It is bordered by Ethiopia, Sudan, Central African Republic, Democratic Republic of the Congo, Uganda and Kenya.Its population was estimated as 12,778,250 in 2019. High-speed-steel bits would dull quickly, tearing the copper and ruining the board. This virtual event will showcase live company presentations and interactive discussions focused on disruptive technologies and investing in Quebec's critical and strategic minerals and high-tech sectors. Resource extension and Reserve conversion drilling with additional exploration covering: Completion of the Western Extension drill out, to confirm economics of the potential Phase III Pit Extension*, Orientation determination of the high-grade zone found in Hole EQ026 of Phase 1 2022 drilling campaign** (i.e. This article includes content from Rafaella Resources, licensed for the purpose of publishing on Investing News Australia. Within this broad zone of mineralization there are higher grade sub-zones, as seen in this and other holes drilled in the December program, in this case the zone between, 187.5 and 199.5m down the hole, a length of 12m, averaged 0.54% Ni and 138.7 ppm Co. , encapsulating the 3.46% Nickel value. The base metal continued to trade higher in February, reaching another milestone as it surpassed the US$25,000 level, partially due to uncertainty hitting markets from Russias invasion of Ukraine. WebCopper mining in the United States has been a major industry since the rise of the northern Michigan copper district in the 1840s. Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. They have average crustal abundances that are similar to commonly used industrial metals such as chromium, nickel, zinc, molybdenum, tin, tungsten, and lead [1]. The vendor has agreed a variation to the claims purchase agreement whereby, in exchange for accepting the part satisfaction of the consideration in Pivotal shares, the total consideration payable has increased to C$4.5 million, payable as C$3.0 million in cash and C$1.5 million in Pivotal shares. Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Quebec Virtual Investor Conference on March 30 th and 31 st . This virtual event will showcase live company presentations and interactive discussions focused on disruptive technologies and investing in Quebec's critical and strategic minerals and high-tech sectors. Please rest assured to buy high quality products at competitive price from our factory. Unfortunately, the majority of known deposits of the ore contain Class 2 nickel. Panel: A Partnership for a Turnaround of a Lithium Mine in Quebec, Barksdale Announces Results of AGM and Grant of Stock Options, Top Battery Metals Stocks on the TSX and TSXV, Renforth Commences Surimeau Nickel/Cobalt/Copper/Zinc Drill Program, Renforth's Newly Completed Airborne Mag and EM Survey Delineates Magnetic ~20km Victoria Structure with Co-Incident EM Anomalies, Renforth Resources Inc. to Webcast Live at VirtualInvestorConferences.com March 31st, Renforth's Surimeau Property Assay Results Include 3.46% Nickel Over 1.5m, Quebec Critical Metals and Technology Live Virtual Investor Conference March 30th and 31st, http://www.newswire.ca/en/releases/archive/March2022/23/c7123.html, Quebec Critical Metals and Technology Live Virtual Investor Conference March 30thand March 31st, Pivotal Metals Completes $4.3M Capital Raising For The Horden Lake Acquisition, Horizonte Minerals PLC Announces First Drawdown Complete, https://www.accesswire.com/730870/Horizonte-Minerals-PLC-Announces-First-Drawdown-Complete, Pivotal Metals Limited (ASX: PVT) Trading Halt, Scaling Up Nickel Supply in North America Won't be Easy, Canada Nickel Company (TSX:CNC,OTCQX:CNIKF), Decarbonizing Nickel Production to Enable the Transition to Net Zero, benefits from a streamlined, simple recycling process, 68 percent of all nickel found in consumer products is eventually recycled, 13 kilograms of CO2 per kilogram of metal, 1.8 times more of the metal than all known land-based reserves, In Process Tailings Carbonation (IPTC) technique, Xander Resources (TSXV:XND,OTCQB:XNDRF,FWB:1XI), Settlement Of Joint Venture Agreement With Linden Gold Alliance Devon Gold Project, Binar Invitation - Maiden Mineral Resource Estimate, Winsome Acquires Camp Close To Cancet And Adina Projects, Thick Lithium-Bearing Sediments Discovered At Kibby Basin, Lake Resources NL Appoints New Board Member Ana Gomez Chapman, Edgemont Grants Options to Buy 950,000 Shares, Top Stories This Week: Fed Anticipation Builds, Saxo's "Outrageous" US$3,000 Gold Prediction, 1844 Announces Results of the Annual General Meeting, Infinity Stone Completes Rockstone Graphite Fall Drill Program, Battery and Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing, Panel: A Partnership for a Turnaround of a Lithium Mine in Quebecwith Sayona Piedmont, Panel: Quebec 360 Degrees: From Mining to Recycling Batterieswith Nouveau Monde Graphite, Lithion Recycling, & Blue Solutions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Companys securities filings available at www.sedar.com. The exceptional 3.49% Ni value points to the high grade potential present at Victoria West, which has only seen 5,626m of drilling by Renforth over 2.2km of strike within the known 6km strike length of Victoria West, in the western end of a 20km long magnetic feature also mineralized at its eastern end. manganese, silicon, nickel, titanium, copper, chromium, and aluminum) in varying proportions in order to manipulate the steel's properties, such as its hardenability, corrosion resistance, strength, formability, weldability or ductility. [Updated Aug 12], FREE 2022 Blockchain Investor Report [Updated Aug 5], Biotech Investing: Top Biotech ETFS, Stocks, Future Prospects. Both projects are large scale, high-grade, low-cost, low-carbon and scalable. The company said x-ray fluorescence It's used for hydrogen, hydroelectric, wind and solar energy. Thor Mining (ASX / AIM: THR) is a mining exploration company with a focus on discovery success. is pleased to inform shareholders that the 935-line km detailed airborne Mag and Electromagnetic survey over the ~20km between the Victoria West and Colonie battery minerals occurrences at Surimeau, also extended north to the LaLonde battery minerals occurrence at Surimeau, has been successfully completed. [email protected]% WO3), Drilling in the Iron Duke System will investigate the outcropping Ruby Vein and the newly discovered high-grade Crown Vein outcrops, located from soil anomalies***. For upcoming nickel projects to come online, one of the main challenges is how long the permitting process takes; however, Malan said there's a lot being done on the permitting front that is not being taken into account. Investing News Network websites or approved third-party tools use cookies. The acquisition terms for the Horden Lake deposit were detailed in the Acquisition Announcement. Thor Mining is a mining exploration company with a focus on discovery success. We are thankful to the New York Delegate General, Martine Hebert and her team for the opportunity and their partnersOTC Markets, Murdock Capital Partners and TAA Advisory for this remarkable event.". The company sees this property as a strategic development candidate going forward. Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article. By continuing to browse the site, you agree to our use of cookies.. Renforth wholly owns the ~260 km 2 Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. $3.3M raised through a non-brokered private placement at $0.042/share (the Placement Price), representing a 12.5% discount to the Companys last traded share price on 7 December 2022, a 7.7% discount to the 5-day VWAP ($0.0455) and a 1.2% premium to the 15-day VWAP ($0.0415). This INNSpired article was written according to INN editorial standards to educate investors. Araguaia is under construction with first metal scheduled for early 2024, when fully ramped up with Line 1 and Line 2, is forecast to produce 29,000 tonnes of nickel per year. Assay Results from Grab Samples Includes 8.17 Oz per Ton Silver, 8880 ppm Copper, 1110 ppm Zinc, and 0.704% Lead It also bears mentioning that not all of nickel's environmental benefits are immediately obvious. Meanwhile, production is set to post a record on capacity additions of NPI within Indonesia and alternative routes of Class I production, such as high-pressure acid leach and NPI to nickel matte, Scott-Gray, the firm's senior metals analyst, said. Download Your FREE 2022 Base Metals Outlook Report [Updated Nov 3], NEW! Lower-purity nickel found in laterite deposits and known as Class 2 will not suffice. Eclipse Metals (ASX: EPM) has completed a maiden percussion drilling and trench sampling program across the Ivigtut and Grnnedal targets at its southwest Greenland multi-commodity project. Top copper Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law. An estimated 68 percent of all nickel found in consumer products is eventually recycled. Alford Copper Gold Projects, South Australia, Molyhil Tungsten Project, Northern Territory, High-grade Copper and Gold confirmedat KellysNE Prospect, Investor Presentation Broker Briefing (November 2022), A$8M Farm-in Funding Agreement to Accelerate Molyhil Project, Northern Territory. Another challenge lies in the fact that not all nickel can be used in battery production. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. The Placement includes 7.1 million shares being subscribed for by the directors of the Company, amounting to $300,000 on the same Placement terms as for all subscribers. NEW CONFERENCE FEATURE: Ability to schedule 1x1 meetings with presenting companies' management. Active Sanctions Programs: Program Last Updated: Afghanistan-Related Sanctions 02/25/2022 Finally, nickel benefits from a streamlined, simple recycling process. Deeper drill data at Victoria will help us in our modelling of the mineralization and our geochemical search for the source, or a greater concentration, of the VMS mineralization we have seen to date. Download Your 2022 Oil & Gas Outlook Report. Individual investors, institutional investors, advisors, and analysts are invited to attend. The consideration for the acquisition was C$4 million, payable in cash, plus a 1% net smelter royalty. Traditionally, nickel is mined much like any other earth-based mineral excavation via industrial machinery. In addition, Horizonte has also satisfied all of the conditions precedent in relation to utilisation of the COF and has fully drawn down the US$25 million of COF funding from Orion. Although it's rarely discussed compared to the likes of lithium and cobalt, nickel's unique properties cement its role as a critical mineral across multiple clean energy technologies. This article includes content from Pivotal Metals, licensed for the purpose of publishing on Investing News Australia. I expect this property will continue to deliver excitement to Renforth's shareholders for the foreseeable future" states Nicole Brewster, President and CEO of Renforth. Horizonte's combined near-term production profile of over 60,000 tonnes of nickel per year positions the Company as a globally significant nickel producer. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There have been no material changes to the terms previously disclosed. Global nickel supply last year was 2.6 million tonnes 1.6 million tonnes of that was China and Indonesia, the rest of the world was a million, and Russia was 20 percent of that.. Renforth Resources is strategically positioned to benefit from both rising prices in gold and battery metals. Manufacturing advanced material powders and offering turn-key plasma systems since 1990. Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101. 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"This milestone demonstrates that we have made significant progress on construction and have been able to satisfy the Senior Lenders that we have, among others, i) shown that Araguaia is fully funded through to completion and first cash flows; ii) made significant progress with construction, and in line with the schedule; iii) awarded all of the key material contracts, including equipment supply, Engineering Procurement and Construction Management (EPCM), port access and power supply; iv) have a long term offtake in place for 100% of Araguaia's production from line 1 with a high quality counterparty in Glencore; and lastly, v) have built out a high quality team to deliver the Project. Geopolitics are taking an increasingly prominent role in the battery space, with North America looking to take further control of its supply chains, including sourcing of key battery raw materials. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. At the end of the quarter, nickel prices were trading above US$30,000. The 100 percent owned Parbec open pit constrained gold deposit is located on the Cadillac Break, a region known for having produced millions of ounces of gold in northwestern Quebec, bordered by the Canadian Malartic Mine, which is Canadas largest open pit gold mine on the east and south. Our projects give investors exposure to a broad range of coveted battery and strategic minerals including gold, nickel, copper, tungsten, lithium and uranium. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. WebSales Office (U.S.) : Coherent Market Insights Pvt Ltd, 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States Asia Pacific Intelligence Center (India) : This news release contains forward-looking statements and information under applicable securities laws. The closing date has been advanced to 20 December 2022. Importantly, the Company is now in receipt of the first tranche of funds from the Senior Lenders. Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) (Renforth or the Company) announces that we have commenced a drill program on our wholly owned Surimeau District Property, we will be drilling under the visual Nickel/Cobalt/Copper/Zinc mineralization intersected in our recently completed trenching at Lalonde and deeper under previous drilled Nickel/Cobalt/Copper/Zinc mineralized intercepts in the vicinity of the Victoria stripped area located approximately 4km south of Lalonde. This highly positive market response reflects the quality of Pivotals newly assembled Canadian mineral exploration portfolio, the advanced nature of the Horden Lake project and the increasing value of future facing metals projects located in Tier 1 jurisdictions. It is thought, this high-grade zone plunges westward and has potential to add significantly to the future underground assessment. "The price limits in place are functioning as expected and the LME is undertaking enhanced monitoring to ensure that participants' trading activities are being conducted appropriately.". Prior to drilling, as soon as snow conditions allow, Renforth will commence a spring prospecting program at Surimeau as previously announced. "We are, of course, happy to be drilling again, especially at Lalonde which has no surviving historic drill information. Manthey said she expects more near-term volatility to continue until the LME rebuilds trust in the benchmark nickel contract, volumes pick up again and the markets confidence in it recovers. With a strong management team and projects with promising results to date, Renforth Resources is in a position to capitalize on the rising demand for the battery minerals required to build electric vehicles and other technologies in support of the clean energy transition. As the old saying goes, big things come in small packages. "The LME notes the current volatility in nickel," the exchange said. Details of the key terms are set out in Appendix A of the Acquisition Announcement. The amount of nickel used in clean energy products may be comparatively small, but still plays an enormous role. Within this broad zone of mineralization there are higher grade sub-zones, as seen in this and other holes drilled in the December program, in this case the zone between 187.5 and 199.5m down the hole, a length of 12m, averaged 0.54% Ni and 138.7 ppm Co , encapsulating the 3.46% Nickel value. The directors of Thor Mining are pleased to announce a successful capital raise of A$2.65m to fund exploration activities at the Companys project interests, with particular emphasis on the uranium exploration licences in Colorado and Utah in the United States. (We would be) doing ourselves a huge disservice, he said. Within these the contained higher grade zones are given, those above an average of 0.2% Ni are in red. The mandate is effective from 1 January 2023 and has been agreed for a minimum period of 6 months for a monthly retainer. INN does not endorse or recommend the business, products, services or securities of any company profiled. Jeremy Martin, CEO of Horizonte Minerals, commented: "This significant milestone for Horizonte is the culmination of a multi-year effort to sufficiently de-risk the Araguaia Nickel Project to access low-cost debt funding from a syndicate of leading international financial institutions. Although the battery metal is critical to sustainability efforts, traditional nickel production is incredibly energy intensive. Xander Resources (TSXV:XND) would be one of Canada Nickel's most immediate beneficiaries. Pivotal Metals Limited (ASX:PVT) (Pivotal or the Company) announces that it has successfully raised the funding necessary to complete the acquisition of the Horden Lake Cu-Ni-PGM deposit in Quebec, Canada announced on 13 September 2022 (Acquisition Announcement)1 and commence the exploration programme on the project, with the placement of 77.8 million shares for $3.3 million, and $1.0 million available through the execution of the Riverfort funding agreement. But even now, as restrictions are easing, the rebound is not as strong as forecast. The Surimeau property is highly accessible via roads and rail-lines and is in close proximity to Canadas only copper nickel smelter. $0.042/share; representing a 12.5% discount to the Companys last traded share price on 7 December 2022, a 7.7% discount to the 5-day VWAP ($0.0455) and a 1.2% premium to the 15-day VWAP ($0.0415). At the same time, the Russia-Ukraine war put pressure on prices, while all eyes remained on supply coming online from Indonesia. With the right milling tools, you maintain a competitive advantage over companies that use slower or less accurate procedures. Double Cut Carbide Rotary Burr Set - 10 Pcs 1/8" Shank, 1/4" Head Length Tungsten Steel for Woodworking,Drilling, Metal Carving, Engraving, Polishing Visit the Lukcase Store 4.3 out of 5 stars 5,265 ratings The third quarter was dominated by volatility, with nickel reaching its highest point of the period on September 21, when it almost broke the US$25,000 threshold. No securities regulatory authority has approved or disapproved of the contents of this news release. Sixteen (16) holes will quantify if a 15 million tonne Western Pit Extension (blue shape in Figure 1 below), called the Phase III Pit, will be economically feasible. Additional Drilling Programs: Three drilling programs were completed in nine months. Renforth Resources Surimeau District project has already evolved past the initial concept phase and now contains a confirmed battery metal discovery. CONTACTS: Nicole Brewster President & CEO Renforth Resources Inc. +1(416)818-1393, Virtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 [email protected], News Provided by GlobeNewswire via QuoteMedia. Copyright (c) 2022 TheNewswire - All rights reserved. NEW CONFERENCE FEATURE: Ability to schedule 1x1 meetings with presenting companies' management. An estimated 2.7 million metric tons of nickel was mined globally in 2021, compared to just 100,000 metric tons of lithium. INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. News Provided by ACCESSWIRE via QuoteMedia. The money will come at some point but permitting remains the real backlog to be able to bring all the metal that is needed this decade, added the CEO of Canada Nickel Company, which is advancing the Crawford nickel-cobalt sulfide project in Ontario. A prolonged (Russia-Ukraine) war will also hurt the demand profile within Europe for nickel, in addition to stretching out supply chain pain given elevated freight rates, Scott-Gray said earlier in 2022. Drill and trench samples have been booked for shipment to a laboratory in Australia for comprehensive analysis. Two holes targeting the surface expression of the historical named Ruby Vein, which is in the southern part of the Iron Duke Zone. We have a number of highly prospective projects across Australia and the USA, both of which are top mining jurisdictions. For free sample, contact us now. INGs Ewa Manthey said the metals complex has had a volatile year, but nickel is the standout across the complex, managing to hold onto year-to-date gains. WebYour trusted source for investing success | Since 2008, focused news, education and expert picks in Resources, Tech, Life Science & Cannabis. Please refer to the cookie policy for collected data, privacy and GDPR compliance. Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m. Thor's projects are prospective for gold, nickel, copper, tungsten, and uranium. This could, in turn, allow Canada Nickel to achieve net-zero carbon emissions at its Crawford nickel sulfide project in Northeastern Ontario. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Commenting on demand from China in the second quarter, Mulshaw said it was weaker than expected on the back of the COVID-19 outbreak. SUR-21-28 assayed, 3.46% Ni and 491 ppm Co over 1.5m between 196.5 and 198m down the hole, as presented in the table below, within a broad mineralized zone of, 170.55m, between 40.9 and 211.45m down the hole which averaged 0.16% Ni and 100.2 ppm Co, . The complete dataset will now be interpreted in order to refine drill targets for Renforth's next drill program at Surimeau, expected to occur in May. This conference will showcase for U.S. and investors elsewhere some our best competitive advantages : all the minerals and raw materials required for battery manufacturing and a vast territory containing new mining opportunities with a reliable, sustainable and ethical partner," said Nathalie Camden, Associate Deputy Minister of Mines. The 145-year-old exchange resumed trading, although not without somehiccups, with UK regulators planning to launch a review of the disorderly market in nickel contracts in March. Having watched US policy developments this year, including the launch of the Inflation Reduction Act, Todd Malan, chief external affairs officer at Talon Metals (TSX:TLO,OTC Pink:TLOFF), said during the discussion that he remains optimistic. In addition, LaLonde, approximately 3km to the north, also registered the magnetic structure with co-incident EM anomalies. Looking over to nickel demand, the market was already seeing less need within China for stainless steel and EVs, and any further extension of COVID-19 lockdown measures in the Asian country was expected to exacerbate the situation. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Click here to connect with Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR), to receive an Investor Presentation. This important milestone unlocks the balance of the funding required to complete construction, commissioning and ramp-up at Horizonte's 100%-owned Araguaia Nickel Project ("Araguaia" or "the Project") in Brazil, where construction is underway and progress remains on schedule. NEW! The rigorous due diligence process, and the extensive list of obligations that Horizonte was required to meet to access this funding, should provide all our stakeholders with confidence in the robustness of Araguaia. In other aspects, there are lots of bugs in the app that make it frustrating to use. Renforth's current interpretation of the mineralization seen at Victoria West is that there are higher grade bands of mineralization within the extent of the mineralized magnetic ultramafic body. Our crew will log/sample/split the core ahead of their holiday break, the samples will be shipped to Ontario for prep work in an effort to have timely receipt of assay results in the new year. All statements, other than statements of historical fact, are forward looking. With the global community heavily focused on clean energy initiatives and achieving net zero emissions, its safe to say demand for the battery minerals and rare earth metals required to enable this trend will increase. This article does not constitute financial product advice. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. Eclipse Metals (ASX: EPM) has completed a maiden percussion drilling and trench sampling program across the Ivigtt and Grnnedal targets at its southwest Greenland multi-commodity project. The Senior Debt Facilities comprise a commercial tranche of US$200 million and an ECA tranche of US$146.2 million which is being guaranteed by two export credit agencies (being EKF, Denmark's Export Credit Agency and Finnvera plc, Finland's Export Credit Agency). We would also like to set optional cookies to improve our site and bring you more features. Please refer to thecookie policy for collected data, privacy and GDPR compliance. In keeping with the strategy to advance this project as quickly as possible, the Company has already engaged a specialist Canadian mining investment bank as we look to an active 2023 exploration and pre-feasibility study programme., The non-brokered placement (the Placement) of 77.8 million shares has raised $3.3 million, at. The issue is that the CCZ is in unregulated international waters. WebMidwest Tungsten offers the highest quality TIG Electrodes, Tungsten Bucking Bars, Tungsten Fine Wire, and more! Variation to the Claims Purchase Agreement. Its portfolio covers a broad range of in demand battery and strategic minerals including Gold, Nickel, Copper, Tungsten, Lithium and Uranium. "Ouraction plan on critical and strategic minerals has already yielded impressive results, not only because we have the resources, the will and the tools needed, but because we ensurethat all agencies and government entitieswork together toward one main goal: helping companiesand governments to secure their mineral supply chain. We are thankful to the New York Delegate General, Martine Hebert and her team for the opportunity and their partnersOTC Markets, Murdock Capital Partners and TAA Advisory for this remarkable event. Your personal objectives, financial situation or needs have not been taken into consideration. "Our team continues to make solid progress on site as we work to deliver our objective of becoming a low-cost nickel producer.". The company is striving to become one of Canadas largest EV battery metal producers through its Surimeau District property. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals. I think, as we talk about permitting, it's a real risk for the industry that we could stumble over if we actually asked for something that's too fast, cutting corners and making people feel disenfranchised from the process. The company said x-ray fluorescence (XRF) analysis of composite samples recorded at the Greenland sample preparation facility before shipment returned encouraging values for praseodymium and neodymium ratios. It is planned that this drill program will consist of 6 drill holes at Lalonde and 3 drill holes at Victoria, to total approximately 3000m. Nickel prices ended the quarter trading at US$22,698, declining more than 31 percent since the beginning of April. The shares are expected to be issued on 19 December 2022. The survey has outlined a considerable amount of EM anomalies beyond the extent of any recent drilling or trenching. The International Energy Agency (IEA) reported that demand for critical minerals could potentially increase 600 percent by 2040 for the energy sector alone and up to 1,100 percent in electric vehicle and energy grid storage solution production. On December 7, nickel was trading at US$31,441, up from its starting point at US$20,888 on January 3. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. This system is the northern extension of the Iron Duke Zone and has excellent results at depth (>150m depth). The companys campaign fees pay for INN to create and update this INNSpired article. A single deep hole planned to investigate the orientation of the high-grade zone located in Hole EQ026, (i.e. Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101. Only Class 1 nickel, which occurs primarily in sulphide deposits and possesses a purity of 99.8 percent or higher, possesses the necessary conductivity. In addition, LaLonde, approximately 3km to the north, also registered the magnetic structure with co-incident EM anomalies. ", "On behalf of the Quebec Government, I am delighted to take part in "Investing in Quebec's Critical and Strategic Minerals and High-Tech Sectors Conference." Rather than using fire to extract the metal from its base ore, mining companies use a specialized water-based solution. The structural targets further along strike may yet reveal a very large deposit area. Alternative refinement and environmentally friendly deposits aside, a more recent means of reducing emissions pioneered by Canada Nickel Company (TSXV:CNC) involves accelerated carbon capture. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law. Terms and conditions relating to the use and distribution of this information may apply. SUR-21-28 was drilled for 234m at a dip of -80 as an undercut of SUR-21-26 and SUR-21-27 in the western end of the stripped area, between two historic trenches now within the stripped area. The drill should commence coring by this Saturday, possibly sooner, and will likely drill for approximately two weeks, into early December. There may be a conflict of interest present with commercial arrangements with companies and/or stock held. Nicholas Mountain Adviser, Listings Compliance (Perth). Because if we lose public confidence, then the whole thing goes away.. "We are thrilled to host the two-day Quebec Critical Metals and Technology Investor conference, highlighting the breadth of the province's rich commodities and burgeoning technology," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. Chemical and petrological assessment of the bulk samples in Australia will provide Eclipse with data to estimate commercial potential in the waste dumps. For further information, please contact [email protected] or visit www.rns.com. In 2017 the United States produced 1.27 million metric tonnes of copper, worth $8 billion, making it the world's fourth largest copper producer, after Chile, China, and Peru.Copper was produced from 23 mines in the US. Renforth also holds the Nixon-Bartleman property, west of Timmins Ontario, with gold present on surface over a strike length of ~500m. Alloy steels contain alloying elements (e.g. John Webster (Camborne School of Mines) has an extensive background in mining and ore processing, having built and operated 15 world class mine developments in Australia, USA, Russia and FSU with emphasis on strategies, resourcing, consulting and operational management with BHP, Vostok Mining, Trafigura and Alexander Mining Plc. Speaking about nickel in Q2, Sean Mulshaw of Wood Mackenzie said he expected prices to retreat a little faster than they did. About Renforth Resources Renforth wholly owns the ~330 km 2 Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. The total shares to be issued fall within the existing capacity approved at the Companys AGM on 22 November 2022. The revised terms will leave the Company with a cash balance in excess of $2.5m after settlement of the transaction. Who will blink first property investors or renters? document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); Imelda Cotton has over 20 years experience as a journalist and communications professional. There is no cost to log-in, attend live presentations and schedule 1x1 meetings. Phase 2 2022 drilling campaign for 3,015m locked in with completion slated for end February 23, with a strong value-add focus on life of mine, area definition and orebody extension. One way nickel producers are addressing their metal's carbon footprint is by replacing pyrometallurgy with a technique known as hydrometallurgy. Download Our FREE 2022 Gaming Outlook Report. Not only does this result in lower maintenance costs, it also keeps machinery operating at peak efficiency for longer meaning the company can also go longer without tapping its potentially emissions-heavy supply chain for a replacement. The vendor of the Horden Lake assets has agreed a variation to the acquisition terms, accepting the issuance of C$1.5M equivalent in shares at the Placement Price in exchange for an increase in the total consideration of C$500k, resulting in a reduction in the balance of the consideration payable in cash to C$2.5M. The market is still very thin. In addition, the Company has executed the financing documents for the funding agreement with Riverfort Global Opportunities PCC Limited, previously announced as part of the Acquisition Announcement. What's more, the minerals in this deposit occur in nodules that sit atop the seafloor, making them relatively easy to harvest. I'm not saying it's going to be easy, but it seems that there's now an enormous new resource to focus on.. Not true width, true widths are not currently known, Company Executives share vision and answer questions live at VirtualInvestorConferences.com. Thor Mining (THR) is an exploration company with a focus on discovery success. Forward-looking statements are frequently identified by such words as may', will', plan', expect', believe', anticipate', estimate', intend' and similar words referring to future events and results. We will guide you on how to place your essay help, proofreading and editing your draft fixing the grammar, spelling, or formatting of your paper easily and cheaply. Forward-looking information includes, but is not limited to, the ability of the Company to complete the acquisition of equipment as described herein, statements with respect to the potential of the Company's current or future property mineral projects; the ability of the Company to complete a positive feasibility study regarding the second RKEF line at Araguaia on time, or at all, the success of exploration and mining activities; cost and timing of future exploration, production and development; the costs and timing for delivery of the equipment to be purchased as described herein, the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the realization of mineral resource and reserve estimates and achieving production in accordance with the Company's potential production profile or at all. (2) Resource drilling / Exploration for new discoveries. Currently, the updated BFS (Pit Shell shown in green) highlighted 4.5 years of Open Pit Reserves and 10 years of Low Grade Stockpile Reserves for a total 14.5-year mine life. Please refer to our full disclaimer here. Green River Gold Corp. High-grade tungsten in soil results in this area identified outcropping scheelite vein structures that represent the surface expression of the Crown system. For its part, the LME said has undertaken enhanced monitoring of market participants trading activities in order to stabilize the volatility seen in recent weeks. WebIn metalworking and jewelry making, casting is a process in which a liquid metal is delivered into a mold (usually by a crucible) that contains a negative impression (i.e., a three-dimensional negative image) of the intended shape.The metal is poured into the mold through a hollow channel called a sprue.The metal and mold are then cooled, and the metal part We have to have a careful permitting process thats science-based, that works at pace, but is rigorous. But meeting the expected lithium-ion battery demand will be a massive challenge, Mark Selby, CEO of Canada Nickel Company (TSX:CNC,OTCQX:CNIKF), said during a panel discussion at this years Benchmark Week, adding that nickel consumption in North America is set to increase by three to fivefold in the next decade. Dont forget to follow us @INN_Resource for real-time news updates. It is your responsibility to perform proper due diligence before acting upon any information provided here. Following a bumpy launch week that saw frequent server trouble and bloated player queues, Blizzard has announced that over 25 million Overwatch 2 players have logged on in its first 10 days. She has spent the bulk of her career in the resources sector, having also worked directly with oil and gas majors and as a journalist covering a vast array of ASX listed companies within the resources, energy, science and health sectors. The top three producing nations for these minerals account for more than 75 percent of the supply, paving the way for potential supply chain issues, price swings, and shortages. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 12 December 2022 or when the announcement is released to the market. The idea is that tailings generated during milling possess natural CO2 absorption capabilities. We forecast nickel prices to remain under pressure in the short term as a surplus in the market builds; however, the tightness in the Class 1 market is likely to offer some support, she added. DATE: March 31 st , 2022 TIME: 11:30 am LINK: https://bit.ly/3Cqx2B5. Their methods not only make nickel production more sustainable, but also have the potential to make it more cost-effective. Weekly review: Chinese recovery hopes drive market higher, ACCC wins fight against BlueScope, Star Entertainment slapped with fines and Bellevue Gold raises $70m, Western vaults drained of silver to meet soaring Indian demand, Australian billionaires are investing in energy, Graphite could be poised to do a lithium. Fortunately, responsible nickel producers have in recent years developed and integrated a multitude of innovative processes and technologies as a means of lowering nickel's overall carbon footprint. "Ouraction plan on critical and strategic minerals has already yielded impressive results, not only because we have the resources, the will and the tools needed, but because we ensure that all agencies and government entities work together toward one main goal: helping companies and governments to secure their mineral supply chain. Surimeau is strategically located near Canadas only copper nickel smelter, and initial results confirm the property contains nickel, copper, zinc, cobalt, PGEs, gold, silver, and lithium. Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. WebMonel is a group of alloys of nickel (from 52 to 67%) and copper, with small amounts of iron, manganese, carbon, and silicon.Monel is not a cupronickel alloy because it has less than 60% copper.. Stronger than pure nickel, Monel alloys are resistant to corrosion by many aggressive agents, including rapidly flowing seawater.They can be fabricated readily by hot All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. The company said x-ray fluorescence WebOur Commitment to Anti-Discrimination. In 2020/21 Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. IDM Members' meetings for 2022 will be held from 12h45 to 14h30.A zoom link or venue to be sent out before the time.. Wednesday 16 February; Wednesday 11 May; Wednesday 10 August; Wednesday 09 November Investing News Network websites or approved third-party tools use cookies. Readers should conduct their own research for all information publicly available concerning the company. For Wood Mackenzie, a significantly weaker stainless steel sector across all major consuming areas had been having a negative impact on primary nickel demand since April. 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