#ExploringMining #Podcast
Episode 149 – #Mining #Stocks News from (TSXV: $DEFN.V) (OTCQB: $DFMTF) (TSXV:
$SPC.V) (NYSE: $RIO) (NYSE: $IAG)
Point Roberts WA, Delta BC, March 9, 2021 Investorideas.com, a global
investor news source covering mining and metals stocks releases today’s edition
of Exploring Mining
Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and
leading experts.
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Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has received the results of an X-Ray Transmission
amenability study completed on samples of Wicheeda Rare Earth Element (REE)
mineralized drill core by the Saskatchewan Research Council (SRC), Saskatoon,
Canada. The company’s CEO, Craig Taylor, explained:
"Defense
Metals is excited to establish the amenability of Wicheeda REE mineralization
to the application of low-cost front end upgrading via sensor-based sorting
technologies. We know from our very successful flotation pilot plant and
bench-scale hydrometallurgical test-work that early volume reduction and
upgrading has significant downstream benefits. The quality of concentrate we
can deliver to flotation process has direct benefits in terms of process
recovery, and reduced costs related to reagent reduction. Based on the success
of this amenability test work SRC have recommended proceeding to a series of
confirmatory XRT sorting optimization tests."
SPC Nickel Corp. began trading on the TSXV yesterday under the
ticker symbol “SPC,” following the completion of all filing
requirements and a related $7.82 million private placement. The company boasts
two advanced-staged exploration projects (Aer-Kidd, Lockerby East) in the
Sudbury Mining Camp and an option on a prospective grassroots exploration
project (Janes) within the Sudbury Mining District. The company’s President and
CEO, Grant Mourre, said:
"This
announcement represents a significant milestone for SPC, our team, and our
shareholders as we launch a new Ni-Cu-PGM company that is focused on making a
discovery within the world-class Sudbury Mining Camp. We believe that the
Company's exploration assets, in particular our flagship Aer-Kidd Project, have
potential to host high-grade, high-value Ni-Cu-PGM mineralization. We plan on
immediately initiating an aggressive $3.6 million exploration program at Aer-Kidd
and look forward to steady news flow going forward. SPC's goal is to build and
grow into a pre-eminent North American nickel exploration company while also
returning value to our shareholders through discovery.”
Rio Tinto Group (NYSE:RIO) is investing $2.9 million to construct a new plant to recover tellurium, a
critical mineral used in solar panels, as a byproduct of copper smelting at its
Kennecott mine near Salt Lake City, Utah. Production is expected for the fourth
quarter this year, whereupon the plant will have a capacity to produce
approximately 20 tonnes of tellurium per year. Rio Tinto’s managing director of
Kennecott, Gaby Poirer, said:
"The
minerals and metals we produce are essential to accelerate the transition to
renewable energy. Adding tellurium to our product portfolio provides customers
in North America with a secure and reliable source of tellurium produced at the
highest environmental and labour standards with renewable energy. Rio Tinto is
committed to using innovation to reduce waste in our production process and
extract as much value as possible from the material that we mine and
process."
IAMGOLD Corporation (NYSE:IAG)
has announced additional assay results from its
delineation diamond drilling program at the Gosselin Zone discovery, near the
Côté Gold deposit in Ontario, Canada. Craig MacDougall, Executive Vice
President, Growth for IAMGOLD, explained:
"These
additional results continue to highlight the importance of this new discovery
and we are now starting to demonstrate the connection of the Gosselin and Young
Shannon Zones outlining mineralization over a sizable area. Our exploration
program will continue to focus on the delineation of the mineralized zone
targeting the completion of a maiden resource estimate later this year."
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