Breaking #Mining #Stock News: FORTUNE BAY (TSXV: $FOR.V) BEGINS PHASE ONE DRILLING AT GOLDFIELDS PROJECT; @fortunebaycorp

Breaking #Mining #Stock News: FORTUNE BAY (TSXV: $FOR.V) BEGINS PHASE ONE DRILLING AT GOLDFIELDS PROJECT; @fortunebaycorp

 

HALIFAX, NS March 17, 2021 – (Investorideas.com Newswire) Fortune Bay Corp. (TSXV: FOR, Frankfurt: 5QN) (“Fortune Bay” or the “Company”) is pleased to announce that the Phase 1 drilling program has commenced at its 100% owned Goldfields Project (“Goldfields” or the “Project”) located in northern Saskatchewan. The Company plans to complete approximately 5,000 metres in 15 holes.

 

Read this news, featuring FOR in full at https://www.investorideas.com/CO/FOR/news/2021/03171Phase-One-Goldfields.asp

 

A diamond drill rig has been mobilized to site and drilling is currently underway at the Athona South target. Planned drilling at Athona South is expected to include confirmatory drilling to verify the 1930’s historical results, infill drilling to establish continuity with mineralization to the north, and step-out drilling to the south.

 

The Phase 1 drilling program also includes planned step-out drilling at the Box deposit’s Zone A and B where high priority targets have been identified. An approximate 50 metre drill spacing has been planned for the Phase 1 program at Box and Athona designed to commence expanding the historical mineral resources beyond the current drilling coverage.

 

Dale Verran, CEO for Fortune Bay, commented, “We are pleased to have started drilling approximately two weeks after being awarded a drilling permit. The mobilization to site was completed as planned and made efficient and cost-effective by access along the seasonal Lake Athabasca ice road. We now look forward to the results from our planned drill holes at Athona and Box, which will importantly include the receipt of gold assays in the coming weeks.”

 

The location of the drill targets at the Athona and Box gold deposits, and further drill target details, are provided in the Company’s news release dated February 26, 2021.

 

Dale Verran, P.Geo., Chief Executive Officer of the Company and Qualified Person as defined by NI 43-101 has reviewed and approved the contents of this news release.

 

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR, Frankfurt: 5QN) is a gold-focused exploration and development company with 100% ownership in two advanced gold exploration projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company has a goal of building a mid-tier gold exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company’s corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation.

Further information on Fortune Bay and its assets can be found on the Company’s website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.

 

On behalf of Fortune Bay Corp.

”Dale Verran”

Chief Executive Officer

902-334-1919

 

Cautionary Statement Regarding Forward-Looking Information

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fortune Bay Corp. (“Fortune Bay” or the “Company”) cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, COVID-19 restrictions, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.

 

Fortune Bay Corp. (TSXV: FOR) is a featured Mining stock on Investorideas.com

 

Visit profile page

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Fortune Bay Corp is an annual featured mining company on InvestorIdeas. Please read our full disclaimer and disclosure regarding specific compensation More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

Get more mining stock investor ideas- news, articles, podcasts and stock directories

#ExploringMining #Podcast Episode 151 – #Mining #Stock News from (NYSE: $KL) (NYSEAmerican: $UEC) (NYSEAmerican: $SMTS) (CSE: $CRS.C)

#ExploringMining #Podcast Episode 151 – #Mining #Stock News from (NYSE: $KL) (NYSEAmerican: $UEC) (NYSEAmerican: $SMTS) (CSE: $CRS.C)

                                           

 

Point Roberts WA, Delta BC, March 16, 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.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/031621-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2021/exploring-mining/03161KL-UEC-SMTS-CRS.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

Kirkland Lake Gold Ltd. (NYSE:KL) has announced results from 30 holes (21,928 m) of drilling at its Detour Lake property. Tony Makuch, President and CEO of Kirkland Lake Gold, explained:

 

“With today’s results, we are increasingly confident that a large continuous deposit is situated along the Detour Mine Trend (“DMT”) that extends from the Main Pit, through the Saddle Zone and continues beyond the West Pit location. We are also extremely encouraged by the wide, high-grade intersections being reported at depth across the Saddle Zone, which confirm the potential for strong growth in Mineral Resources and Mineral Reserves in support of future open-pit and as well as underground mining.”

 

Uranium Energy Corp. (NYSEAmerican:UEC) has filed a quarterly report including the company’s condensed consolidated financial statements, which indicate $65.8 million in cash and equity holdings. The company is also establishing a physical uranium inventory initiative aimed to: bolster its balance sheet as uranium prices appreciate, provide strategic inventory to support future marketing efforts with utilities that could compliment production and accelerate cash flows, and increase the availability of the company’s Texas and Wyoming production capacity for emerging U.S. origin specific opportunities. Amir Adnani, Uranium Energy Corp.’s CEO and President, said:

 

“With $65.8 million in cash and equity holdings, UEC has the balance sheet strength to lead U.S. uranium production higher at the most critical time for the domestic industry since the inception of the civilian nuclear power program began in the 1950s. Nuclear power is the second largest source of electricity generation in the U.S. and its largest source of carbon-emission free electricity. America is also the largest consumer of uranium in the world, yet there is no uranium currently mined domestically.”

 

Sierra Metals Inc. (NYSEAmerican:SMTS) has received an Informe Tecnico Sustentatorio (ITS) permit from the Peruvian Ministry of Environment, which according to the press release is “the second to last step for the Company on receiving approval to increasing the permitted throughput of the Chumpe Plant, located at the Yauricocha Mine, to 3,600 tonnes per day.” Luis Marchese, CEO of Sierra Metals, said:

 

“The Company may now submit the required documentation for an Informe Tecnico Minero ("ITM") permit, which is the final step in the process to permit an increased throughput at Yauricocha to 3,600 TPD. The Company expects to receive the ITM permit in the second quarter of 2021. This permit would allow a 20% increase in throughput and assist the Company in maintaining its annual production guidance.”

 

Crestview Exploration Inc. (CSE:CRS) has staked an additional 40 claims at the recently acquired Cimarron gold prospect in Nye County, Nevada. This makes for a total of 53 claims held at the Cimarron project. J.A. Lowe, Crestview's Vice-President Exploration, said:

 

"These 40 new claims represent a significant increase to our land position at the Cimarron gold prospect. The data we have reviewed at our core claims suggests that mineralization is strongly associated with North-South structures, and we believe there is opportunity to find extensions of these or parallel structures on the newly staked claims."

 

Investors can trade these stocks and other ideas on our site using our  list of top stock trading apps including Robinhood , Acorn, Stash  and others.

 

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio ,  Google Play Music and most audio platforms available.

 

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

 

Research mining stocks at Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp 

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com to be a guest or sponsor this podcast

800-665-0411

 

 

Get more mining stock investor ideas- news, articles, podcasts and stock directories

#RareEarth #Mining Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)- DEFENSE METALS, GEELY MOTORS ( $GELYF) , THYSSENKRUPP ( $TYEKF) - WATCH OUT, CHINA IS COMING!; @DefenseMetals

#RareEarth #Mining Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF)- DEFENSE METALS, GEELY MOTORS ( $GELYF) , THYSSENKRUPP ( $TYEKF) - WATCH OUT, CHINA IS COMING!; @DefenseMetals

 

 

Vancouver, British Columbia –  March 16, 2021 - Investorideas.com Newswire –Media alert for Defense Metals Corp. ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D). The company was featured in the following article: DEFENSE METALS, GEELY MOTORS, THYSSENKRUPP - WATCH OUT, CHINA IS COMING!

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/03161DEFN-China-Coming.asp

 

Full article and Original source

https://news.financial/comments/defense-metals-geely-motors-thyssenkrupp-watch-out-china-is-coming

 

Excerpt

The commodity rally is still in full swing. A messed-up economic forecast has turned into a witch hunt for all major ingredients for high technology products. Whether it's cell phones, electric vehicles, non-fossil fuel power generation and storage, or modern server farms, they are needed everywhere - industrial metals. For special applications, we even need rare earths; these, in turn, are the process of a political chain of demands against the leading supplier - China. If China no longer supplies these crucial materials, modern high-tech products can no longer be manufactured. But where to get them, if not steal them?

 

DEFENSE METALS ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D) - A VITAL RESOURCE EMERGES 

Demand in the electric vehicle (EV) industry is causing supply shortages in key metals such as copper, nickel and lithium. For nickel, for example, demand growth from EVs is expected to increase 14-fold between 2019 and 2030. For lithium and copper, demand growth is expected to be 9-10 times. Many metals are extracted in specific regions, and it is not uncommon for there to be political instability due to the high economic dimension. Around 50% of the world's cobalt, another vital material, comes from the Democratic Republic of Congo.

 

The same applies to the so-called rare earths, a unique group of extremely rare metals. The deposits of rare earths are found mainly in China, with more than 80%, and to a lesser extent in North America. The current bone of contention, also under the Biden administration, is arms exports to Taiwan - a major thorn in the Chinese government's side.

 

Should the trade war escalate again, the electromagnetically important metals such as neodymium, praseodymium, dysprosium and terbium could end up on the sanctions list against the US. Currently, the Western industrial nations agree that they have long been talking about strategic metals and that a supply-side dominated by China cannot be the egg of Columbus. So they are looking for new deposits that, if developed, could fill the successive gaps in supply.

 

Canadian explorer Defense Metals has come to investors' attention with its property in Wicheeda, British Columbia. The results of an X-ray study show that the REE grades can be optimally extracted using low-cost front-end processing. The share price jumped from CAD 0.20 in December to over CAD 0.70 in February 2021 as the Defense Project now enters a new phase. With a current share price of CAD 0.46, the market capitalization reaches only CAD 27 million, an interesting level given the tight situation in the metals sector.

 

GEELY AUTOMOBILE  (GELYF) - POOR SALES FIGURES WEIGH ON THE SHARE PRICE

Chinese car Company Geely Automobile Holdings Ltd. has published its delivery figures for February 2021 and has disappointed once again. Growth is declining - one would currently expect something different from e-mobility. In February, a total of 77,221 vehicles were sold, an increase of 265% compared to the same period last year. However, compared with the previous month, when the Company sold 156,326 units, sales slumped by more than half. The sales figures also include vehicles sold through the 50/50 joint venture Lynk & Co.

 

Among the total number of cars delivered by Geely Automobile in February 2021 were 2,539 New Energy and Electrified Vehicles (NEEVs), a significant deterioration from the previous month's 4,289 units (December: 7,171 units). Without further ado, sales of alternative propulsion methods to the internal combustion engine are sputtering. One could invoke the Chinese New Year, but those who want to buy a new car will do so in a month of celebration (perhaps even more so then).

 

Of course, the Geely Group has much more to offer. In December 2020, Geely Technology Group agreed with Daimler's Chinese partner Farasis Energy to represent their shared lithium-ion battery interests in a joint venture. Since Geely, in turn, has a stake in Daimler, an amalgamation of the plans of all three groups is obvious. Geely Automobile's share price has been under pressure since January 2021. From the high of EUR 3.63, it recently went down to EUR 2.40, but that was just about the distance that the share was able to gain in December. Over the year, the value has still doubled.

 

THYSSENKRUPP AG (TYEKF) - GERMANY AT RISK AS A STEEL LOCATION

The future of the German steel sector continues to raise many questions. North Rhine-Westphalia's Minister-President Armin Laschet has once again rejected a state takeover of ThyssenKrupp, leaving the Company itself to deal with the market's adversities. The much cheaper competition from China, in particular, is becoming increasingly dangerous. The industry has been struggling with dumped imports for years.

 

A few years ago, products from the Middle Kingdom were still considered backward. Neither quality nor sustainability could keep up with the European competition, which was why the Chinese campaigned for import restrictions. But the tide has now turned. Arnd Köfler, the Chief Technology Officer at ThyssenKrupp Steel, made it public that the new steel mills in China also met the highest technological standards. The country is massively expanding its renewable energy capacities, which means that more green electricity can be used for climate-friendly steel production in the future.

 

Like the entire European steel industry, ThyssenKrupp is therefore under technological pressure. Thinking a little further, hydrogen technology, for example, would push two issues at once. On the one hand, the automotive industry urgently needs an alternative to the unclean battery, and on the other, H2 could enable the production of a "green steel." Of course, this requires funds that are not easy to conjure up in Thyssen's battered balance sheet. So the pressure from China will tend to intensify.

 

Investors who are willing to take risks have bought Thyssen shares on the upside for the time being because hopes of an economic turnaround are also expected to turn everything around for the better at Thyssen. At EUR 11.65, however, the stock is not yet out of the woods. A chart breakout would only be seen at prices above EUR 13.20.

 

 

Author

ANDRÉ WILL-LAUDIEN

 

 

About Defense Metals Corp. https://defensemetals.com/

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to finding partnerships, securing potential offtake agreements, and other business opportunities, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) more disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

About Investorideas.com

https://www.investorideas.com/About/

 

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

 

 

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks - solar, wind, batteries and more - Environmental, social and governance (ESG) investing tools

 

MiningSectorStocks.com - investing ideas in mining stocks

Like Mining Stocks? View our Mining Stocks Directory