New Stocks to Watch in Mining and Biotech; (TSX: $IAU.TO) (NYSE: $IAUX) (TSXV: $MFL.V) (TSXV: $VROY.V) (TSX-V: $BFM.V) (CSE: $CUPR.CN) (NYSE American: $WWR) (CSE: $SPLY.CN) (Nasdaq: $BIOA)

 New Stocks to Watch in Mining and Biotech; (TSX: $IAU.TO) (NYSE: $IAUX) (TSXV: $MFL.V) (TSXV: $VROY.V) (TSX-V: $BFM.V) (CSE: $CUPR.CN) (NYSE American: $WWR) (CSE: $SPLY.CN) (Nasdaq: $BIOA)

 

 

 

 

October 18, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the Mining and Biotech sectors.

 

The newest mining stocks are focussed on gold, cobalt, silver, copper, uranium and graphite projects.

 

The latest biotech companies are involved in health and safety technologies and metabolic aging, respectively.

 

Read this in full at https://www.investorideas.com/news/2024/main/10181Stocks.asp

 

Investor Ideas is always researching and searching for new stocks to add to our growing list of free stock directories. The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

New Stocks Added to the Mining Directories:

i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the Company's advanced-stage property portfolio with processing at i-80's centralized milling facilities.

 

Mawson Finland Limited (TSXV:MFL        ) is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland. The Company is primarily focused on gold and cobalt. The Corporation currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents approximately 5% of the 100-square kilometre Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 11 granted exploration permits for 10,204 hectares and 2 exploration permit applications and a reservation notification area for a combined total of 40,496 hectares. In Finland, all operations are carried out through the Company’s fully owned subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot.

 

Vizsla Royalties Corp. (TSXV:VROY) is a precious metals focused royalty company. The Company's principal asset is a Net Smelter Return Royalty on Vizsla Silver Corp.'s (TSXV: VZLA) (NYSE: VZLA) flagship Panuco Project located in Mexico. Panuco is a world-class silver and gold development project actively advancing towards production. Panuco currently hosts an estimated in-situ indicated mineral resource of 155.8 Moz AgEq and an in-situ inferred resource of 169.6 Moz AgEq

 

Bedford Metals Corp. (TSX-V: BFM) is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production.

The Close Lake Uranium Project lies on the eastern side of the Athabasca Basin, adjoining claims held by Cameco Corporation, the largest uranium producer in the world. The claim is approximately 245 hectares and lies within the primary exploration corridor, which hosts the Keys Lake Mine, the Cigar Lake Mine, and the McArthur River Mine. Access to the property is done through a network of roads and trails.The Ubiquity Lake Uranium Project, covering 1382 hectares, lies just south of the bottom lip of the Athabasca Basin, adjacent to ALX Uranium’s Carpenter Lake Project to the east. Situated near the Cable Bay Shear Zone, parallel to the Virgin River Shear Zone, which hosts Cameco’s Centennial uranium deposit, the project holds immense potential. Furthermore, it is located 100 km west of Cameco’s past-producing Key Lake uranium mine, underscoring the strategic significance of its location.  The Sheppard Lake Uranium Project covers an area of approximately 2250 hectares and adjoins the Ubiquity Lake Project to the southeast. The project area is characterized by rocks of the Mudjatik domain, where uranium mineralization is typically basement-hosted, situated within shears or faults, and formed through hydrothermal redistributions of dissolved metals and subsequent redox reactions.

 

Super Copper Corp. (CSE:CUPR) is a mining exploration company focused on the acquisition, exploration, and development of copper and precious metal projects. It is currently developing its joint venture in a prospective Chilean copper property located within the copper-rich Venado Formation in the province of Atacama, Northern Chile, a region with world-class infrastructure and the presence of global majors.

 

Westwater Resources Inc (NYSE American: WWR) is an energy technology company that is focused on developing battery-grade natural graphite. Westwater Resources’ primary project is the Kellyton Graphite Processing Plant that is under construction in east-central Alabama. In addition, Westwater Resource’s Coosa Graphite Deposit is the most advanced natural flake graphite deposit in the contiguous United States — and is located across 41,965 acres (~17,000 hectares) in Coosa County, Alabama.

 

New Stocks Added to the Biotech Directories:

Safe Supply Streaming Co Ltd. (CSE: SPLY) is at the forefront of transforming the med-tech landscape, committed to leveraging innovative technologies to enhance healthcare and safety. With a strategic focus on growth and development, the company is dedicated to providing advanced solutions and driving substantial value for its stakeholders.

 

BioAge Labs, Inc. (Nasdaq:BIOA) is a clinical-stage biopharmaceutical company developing therapeutic product candidates for metabolic diseases, such as obesity, by targeting the biology of human aging. BioAge’s lead product candidate, azelaprag, is an orally available small molecule agonist of APJ that has been well-tolerated in 265 individuals across eight Phase 1 clinical trials, including a Phase 1b clinical trial where decreased muscle atrophy, preservation of muscle quality and improved metabolism were observed in subjects treated with azelaprag over a 10-day period. In mid-2024, BioAge initiated a Phase 2 trial of azelaprag in combination with tirzepatide for the treatment of obesity in older adults. Azelaprag has potential as an oral regimen to improve weight loss and restore both body composition and muscle function in patients on obesity therapy with incretin drugs. BioAge is also developing orally available small molecule brain penetrant NLRP3 inhibitors for the treatment of diseases driven by neuroinflammation. BioAge’s preclinical programs, based on novel insights from the BioAge’s discovery platform built on human longevity data, also have the potential to address key pathways in metabolic aging.

 

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Rare Earth Breaking News - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Closing of Fully Subscribed Convertible Bridge Financing; Raises Gross Proceeds of $4 Million & Provides Update on Prefeasibility Study and CEO Search; @defensemetals

Rare Earth Breaking News - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Closing of Fully Subscribed Convertible Bridge Financing; Raises Gross Proceeds of $4 Million & Provides Update on Prefeasibility Study and CEO Search; @defensemetals

 

VANCOUVER, BC - October 11, 2024 (Investorideas.com Newswire) Defense Metals Corp. ("Defense Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF/ FSE: 35D) today announced the successful closing of its previously announced non-brokered bridge financing of secured convertible notes (the "Notes"), raising $4,000,000 in gross proceeds (the "Offering").

 

Update on Prefeasibility Study

The proceeds of the Offering will enable Defense Metals to complete the Prefeasibility Study ("PFS") for the Wicheeda Rare Earth Element Project, carry out scenario analyses, evaluate possible optimization of processes, and conduct further testing. The PFS will be substantially completed by the end of the year, with the final results published in Q1 2025. The PFS is being led by Hatch Ltd., with metallurgical oversight provided by rare earth processing expert John Goode.

 

Following the completion of the PFS, Defense Metals plans to immediately launch into the Definitive Feasibility Study ("DFS"), with financing expected to take place in Q1 2025.

 

CEO Search Update

The Company is also actively conducting a search for a new CEO, which is being led by executive search firm Johnson Partners. A number of highly qualified candidates have already been identified, and the new CEO is expected to be in place by Q1 2025.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of Defense Metals Corp.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2024/10111DEFN-Closing-Fully-Subscribed-Convertible-Bridge-Financing.asp

 

Guy de Selliers, Executive Chairman and Acting CEO of Defense Metals, commented:

"We are encouraged by the progress we are making at this pivotal stage for Defense Metals. The successful completion of a fully subscribed financing is a testament to the quality of the Wicheeda Project, which is by all accounts one of the very best undeveloped rare earth mining projects in North America. Our fruitful collaboration with Hatch, who played a lead engineer role on Arafura's Nolan's project, is helping us advance swiftly toward completing our PFS. We are also pleased with the positive response to our CEO search and look forward to having a new CEO in place by Q1 2025, as we continue to accelerate forward."

 

Alex Heath, SVP Corporate Development & Interim CFO of Defense Metals, added:

"This financing provides the necessary financial resources we need to complete the pre-feasibility study and further advance our technical and optimization work. It also positions us to raise the financing required for the Definitive Feasibility Study as a further step towards bringing the Wicheeda deposit into production. We are confident that we will be able to raise the necessary financing for the project with the help of our financial advisor HCF International Advisors, which was instrumental in mobilizing AUD$1 billion debt package for Arafura's rare earth project in Australia."

 

Terms of The Notes

The Notes bear interest from the date of issuance at a rate of ten percent (10%) per annum, payable quarterly in common shares of the Company ("Common Shares") at a price per share equal to the applicable 20-day volume-weighted average price of the Common Shares on the TSX Venture Exchange (the "TSXV"), or such other price determined in accordance with the policies of the TSXV. The Notes will mature 12 months after the date of issuance. Investors have the option to convert the principal amount of the Notes into Common Shares at a deemed price of $0.125 per share up to seven days prior to a Mandatory Conversion Event (as defined below).

 

The Notes will automatically convert into Common Shares upon the occurrence of certain events (each, a "Mandatory Conversion Event"), including the completion by the Company of a new issuance of equity as part of a minimum $4,000,000 financing from third party sources (excluding conversion of the Notes), completion of a sale of all or substantially all of the Common Shares or assets of the Company, or completion of a merger or other corporate transaction coincident with a minimum $4,000,000 fundraise from third party capital (excluding conversion of the Notes). Upon the occurrence of a Mandatory Conversion Event, the principal amount of the Notes will automatically convert into Common Shares at a fifteen percent (15%) discount to the applicable price of the offering implied by the Mandatory Conversion Event, provided that if such conversion price would be less than the Conversion Price there will be no mandatory conversion.

 

The Notes were issued on a private placement basis to eligible accredited investors, with lead orders from Okeburn Corp Limited ("Okeburn"), a company owned by a family trust of Guy de Selliers, Defense Metals' Executive Chairman and RCF Opportunities Fund II L.P. ("RCF"). Okeburn participated for $1,768,000, and RCF subscribed for Notes in the principal amount of $500,000. In connection with their investments, both RCF and Okeburn entered into separate investor rights agreements, granting them certain board observer rights, cashflow reporting rights, and rights to participate in future financings of the Company. The participation of Okeburn in the Offering is exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101.

 

The Notes are secured against all personal property of the Company and a first ranking security interest against the Company's mining claims in respect of the Wicheeda REE Project. All note holders rank pari passu among themselves.

 

The Company intends to use the proceeds of the Offering for completion of the pre-feasibility study for the Wicheeda REE Project and general corporate and working capital purposes. The Notes and any underlying Common Shares are subject to a four-month hold period from the date of issuance of the Notes as set out in National Instrument 45-102 - Resale of Securities.

 

About Defense Metals Corp. and its Wicheeda Rare Earth Element Deposit

Defense Metals Corp. is focused on the development of its 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE Project that is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.

 

The Wicheeda REE Project, approximately 80 kilometres (~50 miles) northeast of the city of Prince George, is readily accessible by a paved highway and all-weather gravel roads and is close to infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia.

 

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

Alex Heath
Senior Vice President, Corporate Development & Interim CFO
Tel: +1 604-354-2491
Email: alex@defensemetals.com

 

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, any statements (expressed or implied) relating to: advancing the Wicheeda Project, the use of net proceeds from the Private Placement, final TSXV approval of the Private Placement, the technical, financial and business prospects of the Company, its project and other matters. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. All statements in this news release, other than statements of historical facts, that address events, contribution 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+ (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 or obtain 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, engineering and pricing assumptions, decrease in the price of rare earth elements, the impact of viruses and diseases on the Company's ability to operate, restriction on labour and international travel and supply chains, loss of key employees, consultants, officers 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.

 

SOURCE Defense Metals Corp.

 

Defense Metals Corp. (TSX-V:DEFN /OTCQB:DFMTF) is a featured mining stock on Investorideas.com

 

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New Deals, 1.7 Billion Acquisition and 52 Week high make news for Mexico’s Miners; @AsiaBroadband - Stocks Mentioned; (OTC: $AABB), (NYSE: $CDE), (TSX:$SIL.TO) (NYSE American: $SILV), (TSXV: $HSTR.V) (OTCQX: $HSTXF)

New Deals, 1.7 Billion Acquisition and 52 Week high make news for Mexico’s Miners; @AsiaBroadband  - Stocks Mentioned; (OTC: $AABB), (NYSE: $CDE), (TSX:$SIL.TO) (NYSE American: $SILV), (TSXV: $HSTR.V) (OTCQX: $HSTXF)

 

October 9 2024 -  Investorideas.com, a global investor news source covering mining and metals stocks releases a news snapshot featuring Asia Broadband Inc. (OTC: AABB), a resource company focused on the production of precious metals and the accumulation of physical gold holdings.

 

Other Mexico miner stocks mentioned include Coeur Mining, Inc. (NYSE: CDE), SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) and Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF).

 

Paid News Dissemination of behalf of AABB

 

Read this article, featuring AABB in full at https://www.investorideas.com/news/2024/mining/10091Mexico-Miners.asp

 

According to Identec Solutions, “Mexico's mining market was worth USD 1.83 billion in 2022 and is expected to grow at a compound annual growth rate of 2.9% from 2023 to 2030.”

 

“Gold mining in Mexico is a significant sector within the country's mining industry, contributing to its position as one of the world's top producers of precious metals.”

 

“74% of Mexico's mining concessions are owned by Canadian companies. Some of the most notable mining companies are Industrias Peñoles, Fresnillo PLC, Grupo Mexico, Torex Gold, Newmont, Southern Silver Exploration, Ganfeng Lithium, Fortuna Silver Mines, Alamos Gold, Hochschild Mining, and Excellon Resources.”

 

Asia Broadband Inc. (OTC: AABB) uses its geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico.  Current mining and production projects include Acaponeta, Bonanza, Tequila, La Guadalupe, Buen Pais, Zodiac, La Paz, Etzatlan and the Etzatlan Processing Plant.

 

Asia Broadband just announced that the Company’s new processing facility site in Etzatlan, Mexico continues the installation process with an expected completion date in Q1 2025. The plant will be primarily dedicated to processing a large-scale surface ore stockpile per the Company’s exclusive agreement.  Previously, the plant construction and installation target completion estimate was the second half of 2024, but several of the major equipment and supporting accessories deliveries were delayed by the Asian suppliers, beyond the Company’s control. Additionally, the plant construction team has worked through delays caused by permitting processes and severe weather conditions. In the coming months, the last remaining equipment necessary to complete the plant will be delivered, installed and tested for integration into the plant system processes.  

 

The Company continues with its on-site lab testing campaign by utilizing recently gathered data and the stockpile evaluation technical report to extrapolate the highest mineral concentration targets for evaluation and confirmation for prioritized processing. The on-site analysis lab is an efficiency tool that expedites the production target identification process with rapid test results and extensive testing capacity. The lab and testing program accelerates the new processing facility operations with reduced costs and maximized plant revenues.

 

AABB’s new plant is designed to utilize advanced mining equipment automation and efficiencies to maximize processing throughput and metals extraction and minimize the production costs. Additionally, the new facility will be built with expanded processing capability that will be implemented after the initial production levels have been established.

 

In December 2022, AABB completed the land purchase for the site of the new processing facility to be constructed with respect to the terms of the historic and long-term processing and production agreement signed previously for a large-scale gold and silver ore stockpile located in Las Jimenez, Etzatlan, Jalisco, Mexico. The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point. An evaluation report has estimated the stockpile to represent over $1 billion in total gold and silver value. The stockpile processing project is the largest high-yield asset addition for the Company to date in its strategic expansion initiative to acquire gold production and increase AABB’s physical gold holdings.

 

Las Jimenez Stockpile Mineral Evaluation Report:

https://asiabroadbandinc.com/la-paz-etzatlan/

 

The 4.94 hectare processing plant land parcel, that includes a water concession, is located approximately 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The new facility build-out is budgeted for a $3 million cost and is initially planned to have a 200 ton per day (tpd) processing capacity.  At this first level of processing, the mill is estimated to generate over $11 million in revenue annually. However, the Company will also be accelerating a mill expansion installation to increase the processing capacity 5 fold to 1,000 tpd, once the initial processing level of the mill is consistently at capacity.

 

“As we continue to receive the remaining pieces of equipment for installation and testing over the coming months, we will remain focused on the utilizing the high-grade testing results completed by our technical team from the ore stockpile to create prioritized target zones for production. With our own mineral testing lab on the facility site, we can identify the highest mineral concentration priority targets in a very short period of time instead of having to rely on outside mineral analysis services. The efficiency and quality advantage with our processing lab will allow us to achieve the greatest value throughput to maximize and expand revenues when stockpile production begins,” explained Chris Torres, AABB President and CEO.

 

According to Statista.com, “In 2022 Mexico produced more than 199 million ounces of silver and therefore, was the world's largest silver producing country.”

 

Silver mining in Mexico made big headlines last week with news that Coeur Mining is buying Silvercrest in a $1.7 billion deal. Coeur Mining, Inc. (NYSE: CDE) and SilverCrest Metals Inc. (TSX: SIL) ( NYSE American: SILV) announced that they have entered into a definitive agreement (the "Agreement") whereby, a wholly-owned subsidiary of Coeur will acquire all of the issued and outstanding shares of SilverCrest pursuant to a court-approved plan of arrangement.

 

From the news: Under the terms of the Agreement, SilverCrest shareholders will receive 1.6022 Coeur common shares for each SilverCrest common share. The Exchange Ratio implies consideration of $11.34 per SilverCrest common share, based on the closing price of Coeur common shares on the New York Stock Exchange ("NYSE") on October 3, 2024. This represents an 18% premium based on 20-day volume-weighted average prices of Coeur and SilverCrest each as at October 3, 2024 on the NYSE and NYSE American, respectively, and a 22% premium to the October 3, 2024 closing price of SilverCrest on the NYSE American. This implies a total equity value of approximately $1.7 billion based on SilverCrest's common shares outstanding. Upon completion of the Transaction, existing Coeur stockholders and SilverCrest shareholders will own approximately 63% and 37% of the outstanding common stock of the combined company, respectively.

 

"The acquisition of SilverCrest creates a leading global silver company by adding low-cost silver and gold production and significant free cash flow to our rapidly growing production and cash flow driven by the recent expansion of our Rochester silver and gold mine in Nevada," said Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur. "Together with SilverCrest's large and growing cash balance and no debt, our balance sheet is expected to be materially strengthened on day one. This immediate deleveraging, along with the significant combined expected free cash flow, will allow for rapid debt repayment and investment in other organic growth opportunities while offering shareholders an unparalleled re-rating opportunity. With over 15 years of experience operating our Palmarejo underground silver and gold operation next door in Chihuahua, we look forward to adding the high-quality Las Chispas mine to create a leading global silver company at a time when the demand for silver in renewable energy and a wide range of electrification end uses is rapidly rising."

 

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) hit a 52 week high this week on news of a $6M financing with Eric Sprott.

 

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico.

 

According to a recent article, “Gold mining sweeping mining industry changes passed into law by Mexico in 2023 under President Andrés Manuel López Obrador have yet to cause any significant decreases in production but have caused concern among investors and mining companies.”

 

“Mexican gold mine production dropped notably after the 2023 Mining Law passed, showing a decrease of about 2.5 metric tons, or 20%, of the gold output following approval in May 2023.”

 

“However, gold production numbers quickly recovered, and by December 2023, they were mirroring production from 2022, a trend that continued through February 2024, according to data from Statista.”

 

Although changes are on the wind, the future still shines bright for miners in Mexico.

 

Research more gold and mining stocks at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp 

 

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