Friday, January 05, 2024

Weekly Mining Stocks Roundup (CSE: $KBX.CN) (CSE: $AUMC.CN) (CSE: $NT.CN) (TSXV: $NAU.V)

Weekly Mining Stocks Roundup (CSE: $KBX.CN) (CSE: $AUMC.CN) (CSE: $NT.CN) (TSXV: $NAU.V)

 

New TSXV listed Mining Stocks (TSXV: $KRL.V) (TSXV: $HEVI.V) (TSXV: $NSU.V) (TSXV: $ESPN.V) (TSX: $NOC.V) (TSXV: $RMR.V) (TSXV: $RBZ.V)

 



 

 

January 5, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces its weekly roundup of stocks to watch in Mining. Today’s stocks have been added to our lists of stock directories in each sector.

 

Read this in full at: https://www.investorideas.com/news/2024/main/01051Stocks.asp

 

The newest mining companies are involved in mineral explorations including Gold, Silver, Tin, REE’s, Lithium and Uranium.

 

New Stocks Added the Mining Directories:

Kobrea Exploration Corp. (CSE:KBX) is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic base metal properties of merit and to conduct its exploration program on the Upland property. The Upland property is located in Barriere, British Columbia consisting of eight mineral claims

 

NevGold Corp. (TSXV: NAU) is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and has an option to acquire 100% of the Nutmeg Mountain gold project in Idaho.

 

Kainantu Resources Ltd. (TSXV: KRL) is an Asia-Pacific focused gold mining company with four highly prospective gold-copper projects, Kili Teke, KRL South, KRL North and the May River Project. All projects are located in premier mining regions in PNG. Both KRL North and KRL South show potential to host high-grade epithermal and porphyry mineralisation, as seen elsewhere in the high-grade Kainantu Gold District. The May River project is near the world-renowned Frieda River Copper-Gold Project, with historical drilling indicating the potential for significant copper-gold projects. Kili Teke is an advanced development project with an existing inferred mineral resource.  KRL has a highly experienced board and management team with a proven track record of working together in the region; and an established in-country partner.

 

Auric Minerals Corp. (CSE: AUMC) engages in the acquisition, exploration, and evaluation of mineral property interests located in Canada. The Company is in the process of exploring its mineral property interest in British Columbia and holds an option to acquire up to a 100% interest in three mineral claims covering approximately 1,906.95 hectares, located in the Trail Creek Mining Division, British Columbia. Auric Minerals Corp. was incorporated in 2021 and is based in Oakville, Ontario, Canada.

 

Newterra Resources Inc. (CSE:NT) is a mineral resource exploration and exploitation company with a concentration in precious metals. The Company’s material property is the Iron Horse Project, comprised of nine mineral title claims covering 2439.5 hectares on the border of Osoyoos and Similkameen Mining Divisions, located on the west side of the Okanagan Valley near Kelowna, in the Province of British Columbia.

 

Helium Evolution Inc. (TSXV: HEVI) is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan. The Company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. HEVI’s management and board are executing a differentiated strategy to become a leading supplier of sustainably-produced helium for the growing global helium market.

 

North Shore Uranium Ltd. (TSXV: NSU) The near-term business objectives of North Shore Uranium are to become a major force in the exploration for economic uranium deposits at the eastern margin of Saskatchewan's Athabasca Basin, a tier-one jurisdiction for discovering new mineable high-grade uranium deposits. The Company will work to achieve those objectives by conducting exploration programs on its two properties, the Falcon Property and the West Bear Property, and evaluating opportunities to increase its portfolio of properties in the region.

 

Hispania Resources Inc. (TSXV: ESPN) is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing the long-term mining potential of its core asset, the Zinc, Copper, Lead enriched Puebla de la Reina ("PBR") property in the low-risk and historic mining district of Extremadura in Southwest Spain. The PBR property covers an area of 90 km2. Hispania, through its subsidiary, La Joya, has entered into a purchase agreement with Auplata S.A. to acquire a 100% interest in the PBR property. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Resources, with the continued support of the local and regional governments, including the well-developed and sophisticated transportation and mining infrastructure.

 

Norseman Silver Inc. (TSX:NOC.V) engages in the acquisition, exploration, and development of mineral properties in Canada and Argentina. Norseman’s current property portfolio includes the Taquetren silver / gold project in Argentina, the Caballos copper project in Chile and Cariboo project in central British Columbia, Canada.

 

Rome Resources Ltd. (TSXV: RMR) is a mineral exploration company that has entered into two option agreements and a binding term sheet to acquire direct and indirect interests in two contiguous properties situated in the Walikale District of the North Kivu Province in eastern DRC, which are collectively referred to as the "Bisie North Tin Project". Rome has completed an initial phase of drilling on the project where it is responsible to fund exploration up to the completion of a definitive feasibility study.

 

Arya Resources Ltd. (TSXV: RBZ) is a tier-2 listed mining and mineral exploration Company. The Company is focused on acquiring, exploring and development of "critical minerals" as well as energy-metals projects including Gold, Uranium, Lithium and Rare Earth elements in stable jurisdictions.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

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Wednesday, January 03, 2024

Mining Stock News: Getchell Gold Corp. (CSE: $GTCH.CN) (OTCQB: $GGLDF) (FWB: GGA1) Announces Executing the Final Earn-In Option Cash Payment and Share Issuance to Acquire 100% of the Fondaway Canyon Gold Project, NV and Closing of the First Tranche of the Debenture and Equity Financings; @getchell_gold

Mining Stock News: Getchell Gold Corp. (CSE: $GTCH.CN) (OTCQB: $GGLDF) (FWB: GGA1) Announces Executing the Final Earn-In Option Cash Payment and Share Issuance to Acquire 100% of the Fondaway Canyon Gold Project, NV and Closing of the First Tranche of the Debenture and Equity Financings; @getchell_gold

 

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

 



VANCOUVER, BC - January 3, 2024 (Investorideas.com Newswire) Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce that the Company has delivered the final US$1.6 million earn-in option cash payment and US$1 million share issuance to acquire a 100% interest in the Fondaway Canyon and Dixie Comstock gold properties (the "Properties") located in Nevada.

 

Read this news featuring GTCH.C in full at https://www.investorideas.com/CO/GTCH/news/2024/01031Fondaway-Canyon-Gold.asp

 

"The 100% acquisition of the Fondaway Canyon gold project is a major milestone event for the Company." Bill Wagener, Chairman and CEO, commented. "The Fondaway Canyon project has been an eye opener from day one with every drill hole, over three drill campaigns in the Central area, contributing to a doubling of an already sizable historic resource. The closing of this acquisition serves as an immediate injection of significant value into the Company, and considering that the gold mineralization remains open in most directions, adds an indeterminate amount of future potential value waiting to be discovered."

 

Under the terms of the option agreement (the "Option Agreement") with Canagold Resources Ltd. ("Canagold") executed on January 3, 2020, the Company had the option to acquire 100% of the Properties by paying Canagold a total of US$2 million in cash and US$2 million in the Company's shares staged over 4 years. The Company also has to make work commitments totaling US$1.45 million over the four years, which have been fully satisfied, and grant a 2.0% net smelter return royalty ("NSR Royalty") on each of the Properties to the Option or on the exercise of the Option.

 

In the preceding three anniversary payments, the Company has paid a total of US$400,000 in cash and issued US$1 million in the Company's shares.

 

The Company has delivered to Canagold a US$1.6 million cash payment, issued 10,167,000 shares, and granted a 2.0% NSR Royalty to Canagold which satisfies the earn-in requirements, and the Company now owns 100% of the Properties. The Company has the option to repurchase half of the NSR Royalty (i.e., a 1% net smelter royalty) on each of the Fondaway Canyon property or the Dixie Comstock property for US$1 million.

 

Fondaway Canyon Gold Project

Getchell Gold Corp. is delineating a potential Tier-1 gold resource at its flagship Fondaway Canyon gold project in Nevada, USA.

 

Following three consecutive successful drilling programs, the Company has effectively doubled the size of the historic resource, firmly placing Fondaway Canyon amongst the foremost developing projects in a world class mining jurisdiction. The Company recently published its first Mineral Resource Estimate ("MRE") at Fondaway Canyon, as disclosed in the Company's news release dated February 1, 2023:

  • Gold mineralization is at and near surface supporting an Open Pit mine model;
  • Inferred Mineral Resource of 38.3 million tonnes at an average grade of 1.23 g/t Au for 1,509,100 ounces of gold;
  • Indicated Mineral Resource of 11.0 million tonnes at an average grade of 1.56 g/t Au for an additional 550,800 ounces of gold;
  • Strong gold mineralization in the most peripheral drill holes leaves the mineral resources open in most directions for further expansion and indicates a substantially larger body of mineralization than delineated to date (Company news release dated August 9, 2023); and
  • Fully permitted drill program designed to expand the mineral resources and upgrade Inferred Resources to Indicated.

 

Getchell Gold Corp. is now in a position to continue expanding the Mineral Resource Estimate and preparing a Preliminary Economic Assessment.

 

Notes on the Mineral Resource Estimate:

  1. Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. There has been insufficient exploration to define the Inferred Resource as Indicated or Measured Mineral Resources, however, it is reasonable to expect that the majority of the Inferred Mineral Resource could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") standards on mineral resources and reserves, definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council (CIM 2014 and 2019).
  2. The effective date of the Mineral Resource Estimate is December 12, 2022, and a technical report on the Fondaway Canyon project titled "Technical Report Mineral Resource Estimate Fondaway Canyon Project, Nevada, USA" was filed by the Company on SEDAR+ on February 1, 2023.
  3. The independent and qualified person for the MRE, as defined by National Instrument 43-101, is Michael Dufresne, P.Geo., from APEX Geoscience Ltd.

 

Scott Frostad, P.Geo., is the Qualified Person (as defined in National Instrument 43-101) who has reviewed and approved the scientific and technical information in this news release.

 

Closing of First Tranche of Equity and Debenture Financings

The Company has closed the first tranches of both its previously announced debenture financing (the "Debenture Financing") and non-brokered private placement of units (the "Unit Financing"). In the first tranche of the Debenture Financing, the Company closed on $1,917,420 aggregate principal amount of non-convertible debentures. As part of the Debenture Financing, the Company issued 19,174,200 warrants (each a "Debenture Warrant"). Each Debenture Warrant entitles the holder to purchase a common share of the Company at $0.10 per share until December 29, 2026. Fifty percent (50%) of the Debenture Warrants vested on closing and the remaining 50% will vest and be exercisable on February 28, 2025.

 

In the first tranche of the Unit Financing, the Company issued 4,500,000 units (the "Units") for gross proceeds of $450,000, with each Unit comprised of one common share and one common share purchase warrant (a "Unit Warrant"). Each Unit Warrant entitles the holder to acquire an additional common share at a price of $0.15 per common share until December 29, 2025.

 

In connection with the Unit Financing and Debenture Financing, the Company paid finder's fees in the amount of $28,400, issued 1,410,000 finder's shares, and granted 1,564,000 finder's warrants ("Finder's Warrants"). Each Finder's Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.15 per common share until December 29, 2025.

 

Getchell used the proceeds of the Debenture Financing to pay the final US$1.6 million cash payment to Canagold in order to acquire the Properties. The balance of the Debenture Financing proceeds and the proceeds from the Unit Financing will be used to conduct further exploration work on the Properties and for general working capital.

 

The securities issued in connection with the Canagold final share issuance, the Unit Financing, and Debenture Financing are subject to a statutory hold period of four months from the date of issuance, expiring April 30, 2024, in accordance with applicable securities laws.

 

Two directors of the Company participated in the Unit Financing in the amount of $35,000, and one of the directors also participated in the Debenture Financing in the amount of $20,000. The transaction with the directors, who are insiders of the Company, constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions under section 5.5(a) and section 5.7(1)(a) from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the Units and Debentures issued to the related parties and the consideration paid by the related parties under the Unit Financing and Debenture Financing does not exceed 25% of the Company's market capitalization, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transactions at least 21 days before the closing of the first tranche of the Unit Financing and Debenture Financing, as the details of the participation by related parties of the Company were not settled until shortly prior to closing of the first tranche of the Unit Financing and Debenture Financing.

 

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

 

Annual General Meeting

The Annual General Meeting was held on December 22, 2023, wherein all resolutions presented by management were approved by a majority of the shareholder votes received.

 

About Getchell Gold Corp.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

 

For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com.

 

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

 

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the launching and completion of the Debenture Financing and Financing, the terms of the Debenture Financing and Financing, the issuance and vesting of Warrants, payment of finder's fees in connection with the Debenture Financing and Financing, receipt of all applicable regulatory approval of the Debenture Financing and Financing, the use of proceeds, and timing for the amended proxy materials for the Annual General and Special Meeting. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

 

SOURCE Getchell Gold Corp.

 

Getchell Gold (CSE:GTCH.CN;OTCQB:GGLDF) is a featured mining stock on Investorideas.com

 

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Disclosure: Getchell Gold Corp. is a paid featured mining stock on Investor ideas. Read full disclosure https://www.investorideas.com/About/News/Clientspecifics.asp




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Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Alert- Canadian Mining-“The global rare-earth-“element supply chain could crumble under the weight of this global confrontation” @defensemetals

Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Alert- Canadian Mining-“The global rare-earth-“element supply chain could crumble under the weight of this global confrontation” @defensemetals

 

January 3, 2024  (Investorideas.com Newswire) Mining / Metals / Green Energy Stock news- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE), a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element project, was recently featured in Canadian Mining Report in the article , A Massive Catalyst for This “Tech Defense” Play.

 

Read the full article

https://www.canadianminingreport.com/news/custom/a-massive-catalyst-for-this-tech-defense-play

 

Read this media alert for DEFN in full at https://www.investorideas.com/news/2024/mining/01031DEFN-Supply-Chain.asp

 

Excerpt

 

A global war for critical minerals is underway.

 

China has just escalated its export restrictions for a technology used to produce magnets for high-technology, biotech, and defense industries. .

 

These magnets are made of a critical group of minerals called rare earth elements (or REEs)… .

 

Before that, China banned technologies to extract and separate REEs….

 

It’s one technology ban after another… and it concerns one of the most critical yet overlooked groups of minerals.

 

China is home to about 70% of the global REE supply, and that’s a problem for the rest of the world.

 

The country’s government can single-handedly halt the output of REEs. And it looks like it has been taking steps in that direction.

 

China Chokes the Global REE Supply Chain

On December 21, the Chinese Ministry of Science and Technology and the Ministry of Commerce updated their catalog of technologies subject to export bans and restrictions.

 

It was a Christmas “gift” for the West and an escalation in a trade war that few investors are aware of.

 

This “war” has been going on for months. Back in July, China imposed restrictions on gallium and germanium. (Gallium is used to produce heat-resistant semiconductor wafers; germanium is used as a semiconductor.)

 

In November, China introduced restrictions on the export of graphite , a mineral widely used in electric vehicle batteries.

 

And now rare earths are on the list…

It could only get worse in the future. The geopolitical tensions between China and the West are at their multi-decade highs. And the looming war in Taiwan makes both parties worried about advanced military technologies and the components they need.

 

The global rare-earth-element supply chain could crumble under the weight of this global confrontation.

 

REEs Are Critical for the Modern War Technology

If you have been following the latest conflicts, you have noticed that drones have become a critical weapon for both surveillance and attack.

 

From Ukraine to Iran and Gaza, drones are used to detect targets and direct precision-guided munitions.

 

They are cheap to manufacture and expensive to take down… they are a perfect weapon.

 

There is only one problem. Drones need rare earth elements for navigation and flight control, as well as path planning and obstacle avoidance.

 

Rare earth elements are also a critical element of magnets used in all sorts of high-tech applications, from electric vehicle motors to fighter jets. For example, an F-35 fighter jet is estimated to contain about 920 pounds of REEs.

 

The magnets made from REEs are powerful and light. And there is no direct and economically viable substitute for them available yet.

 

By some estimates, the U.S. military needs about 3,000 tons of REE-based magnets per year.

 

Including other uses, the country may need up to 15,000 tons of REE magnets per year.

 

And there is no robust domestic supply chain for this important technology yet.

 

However, this massive need for REE technology has started a revolution in the North American mining industry

 

Read the full article

https://www.canadianminingreport.com/news/custom/a-massive-catalyst-for-this-tech-defense-play

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element project 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”.

 

Defense Metals is a proud member of Discovery Group. For more information please visit:

http://www.discoverygroup.ca/

 

For further information, please visit www.defensemetals.com or contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Cautionary Statement Regarding "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 completion of the PFS and the expected timelines, advancing the Wicheeda REE Project, 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 anticipated costs and expenditures, 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 the risks and uncertainties relating to the interpretation of exploration and metallurgical results, risks related to the inherent uncertainty of exploration and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 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 and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological, metallurgical and engineering assumptions, 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, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed results, 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.

 

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 this DEFN news is a paid news release on investorideas.com - learn more about costs and services https://www.investorideas.com/News-Upload/

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