#ExploringMining #Podcast
- News from #Mining #Stocks (TSXV: $DEFN.V) (OTCQB: $DFMTF) (NYSE: $GOLD) (TSX:
$TLO.TO) (CSE: $COSA.C)
September 12, 2023 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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podcast:
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Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has announced an updated Mineral Resource Estimate
(the 2023 MRE) for the development of its Wicheeda Rare Earth Element (REE)
deposit in British Columbia, Canada. Highlights include a 4 million tonne
Measured Mineral Resource, averaging 2.86 percent Total Rare Earth Oxide
(TREO), a 27.8 million tonne Indicated Mineral Resource, averaging 1.84 percent
TREO, and an 11.1 million tonne Inferred Mineral Resource, averaging 1.02
percent TREO. The company’s CEO, Craig Taylor, commented:
"Defense
Metals is excited to release our updated mineral resource estimate for the
Wicheeda Deposit, one of North America's most advanced Rare Earth development
projects. With over 10,000 metres of additional drilling completed since our
2021 mineral resource we have now converted 100% of that resource to the
measured and indicated categories, in addition to growing the overall resource
by 17%. Importantly, we believe the upgrading of resources now demonstrates
that we have established the tonnage and grades necessary to carry forward into
our ongoing preliminary feasibility study."
Barrick Gold Corporation (NYSE:GOLD) has announced plans to double its copper
production by the end of the decade and continue to increase it to an estimated
1 billion pounds or 450,000 tonnes of copper per annum by 2031. This is
according to the company’s President and CEO, Mark Bristow, speaking to
investors on an update call. Bristow also indicated Barrick’s sector-leading
gold portfolio, which “was expected to increase the group’s attributable
production by some 30% to 6.8 million gold-equivalent ounces by 2031.”
Talon Metals Corp. (TSX:TLO), through its wholly owned subsidiary Talon Nickel
(USA) LLC, has entered into a definitive agreement with the
US Department of Defense's Office of Manufacturing Capability Expansion and
Investment Prioritization. This, with $20.6 million USD in funding from the
DoD, will see the acceleration and expansion of Talon's “efforts to discover
and secure additional domestic supply of nickel for the growing US battery
manufacturing base and defense related supply chains.” Henri van Rooyen, CEO of
Talon, said:
"This
funding makes clear that domestic supply of nickel is a national security
priority. Congress and the Biden Administration have created powerful new tools
to build-up domestic supply of critical minerals required for clean energy
systems and national defense. With this funding, Talon will be able to
accelerate our efforts to discover domestic sources of battery grade nickel and
help ensure that the United States is not dependent on Russia, China or Chinese
companies operating in countries like Indonesia for nickel that is needed in
both defense platforms and clean energy systems."
Cosa Resources Corp. (CSE:COSA) has announced the expansion of its Ursa Project
and the acquisition of the 100 percent-owned Polaris and Eclipse uranium
exploration properties in the Athabasca Basin region of Saskatchewan, Canada.
Specifically, this means that Ursa has expanded to 60,599 hectares with two new
claims totalling 3530 hectares, the Polaris property covers 3290 hectares and 9
kilometres of prospective magnetic low zones, and the Eclipse property covers
1622 hectares.
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