Exploring Mining Podcast 277 - News from (NYSE: $MT) (NYSEAmerican: $BTG)
(NYSEAmerican: $EQX) (NYSE: $SAND) (TSXV: $GGO.V)
Vancouver, Kelowna, Delta, BC, May 26,
2022 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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https://www.investorideas.com/Audio/Podcasts/2022/052622-Mining.mp3
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ArcelorMittal (NYSE:MT) has launched the XCarb Innovation
Fund, which aims to invest $100M annually on “the best companies and brightest
ideas focused on breakthrough technologies which hold the potential to
accelerate the decarbonisation of the steel industry.” Aditya Mittal, CEO of
ArcelorMittal, said:
“The
need to reduce GHG emissions is one of the greatest investment requirements of
our time. Steel can make a huge contribution to the decarbonisation of the
global economy and at ArcelorMittal we are committed to leading our industry’s
efforts, and to accelerate the speed of our progress. Advancing the development
of the technologies and processes which are pivotal to our industry’s
transition is a very important element of this.”
B2Gold Corp. (NYSEAmerican:BTG) has entered into a definitive Scheme
Implementation Agreement to acquire Oklo Resources Limited (ASX:OKU) and its extensive land
package near the Fekola Mine. According to the press release, the acquisition
is expected to provide B2Gold with an additional landholding of 1,405 km2
covering highly prospective greenstone belts in Mali, West Africa, including
Oklo's flagship Dandoko Project.
Equinox Gold Corp.
(NYSEAmerican:EQX) and Sandstorm Gold Ltd. (NYSE:SAND) have announced the creation of Sandbox
Royalties Corp., described as “a new diversified metals royalty company.” Ross
Beaty, Chairman of Equinox Gold, commented:
"Sandbox
Royalties will create immediate and future value for Equinox Gold from our
portfolio of royalties and will continue our close relationship with Sandstorm.
Greg Smith will focus on building Sandbox Royalties while Equinox Gold slows
its M&A activities to focus on developing our peer-leading internal growth
pipeline including our new Santa Luz gold mine in Brazil, which is ramping up
to commercial production, our large expansion projects at Los Filos, Aurizona
and Castle Mountain, and our major in-construction gold mine at
Greenstone."
Galleon Gold Corp.
(TSXV:GGO) has announced that the 2022 exploration
drill program at its 100 percent-owned West Cache Gold Project in Timmins,
Ontario has started. The company’s President and CEO, R. David Russell, said:
"Two
years ago when Galleon Gold acquired the West Cache Project, we had two main
objectives: 1) to infill drill the known mineralization to confirm the
geological continuity of the deposit and 2) to update the mineral resource and
complete a PEA. I am very proud of the team for delivering on those goals,
while also making the Zone #9 and South Zone discoveries. As we enter the next
stage of development for West Cache, we have set equally ambitious targets.
Based on the strength of the Project's initial PEA we will continue to
aggressively advance our permitting initiatives, and pending approval, start
the ramp for test mining in 2023. In concert with the important work on
permits, we will continue to explore in and around known gold zones, while
attempting to locate new mineralized areas and trends over the next few months."
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