AMEX Exploration – Ramping with gold at new highs (CAD)
After being completely halted, Quebec’s 22 permitted mines were ramping back toward full operations as of April 15. CAD18 million raised at sequentially higher prices in past 12-months. Gold price is at all-time high in CAD and 55 other currencies – may not be accurately reflected in stock prices. 60 meters away from a […]
End reliance on China with USA Rare Earth’s help
Teams have been continuing their work amidst lockdown and have started processing rare earths in the US. 70% of Round Top rare earths are in the heavy category. As such their feasibility study is being expedited with maiden production expected within 30 months. Last week’s equipment purchases from Hitachi enables 2000 tons/year of sintered […]
Andrew Bowering – “We’re in a best of both worlds with this asset”
Prime mining is experiencing the best of both worlds with gold prices far in excess of processing costs and potential for substantially larger deposits than previously anticipated in the Los Reyes project in Mexico. All-in sustaining likely to be $900-$1000 per oz, or lower. After the global reset, we may see a greater focus […]
Renato Tichauer – “Latin America poses major challenges, but US infrastructure investment will help with manganese prices”
Vanadium demand depends on US infrastructure investment and the US is way behind on updating it’s infrastructure. The cost to bring manganese in Brazil from the mines to the port area is expensive and not reliable. Payment receipts are uncertain from Latin America including Columbia who is in total shutdown, including banks. Europe was […]
American Lithium Corp. benefits from location and shallow deposits
Ease of processing shallow, ingrained lithium provides scalability and cost advantage over other mines. Supply and demand location advantage: Tesla Gigafactory is 3-hours away, electricity is next door, acid rail heads a hundred miles away (natural gas), sulphuric acid (caustic soda) comes in from Wyoming. We will see an even bigger push towards a […]
Prime unveils updated mineral resource estimate for Los Reyes, 2020 plans In motion
Canadian-based Prime Mining Corp has updated its mineral resource estimate for its Los Reyes Oxide Gold and Silver Project located near Cosalá, Mexico. Crucially, it underscores Prime’s commitment to and belief in the project as it demonstrates that the oxide resource is far larger than historic estimates. The project, shelved by previous investors in the […]
Faith in purchasing power and savings in fiat currencies and sovereign debt Is challenged, according to Rick Rule
The 10-year economic recovery was more driven by low interest rates than an increase in productivity. Low oil prices will affect the roll out of electric vehicles and distress faced by sovereign governments may hamper their ability to subsidize conversion in the near-term. Mid tier, single-asset producers will surprise to the upside and continue […]
“Low carbon product is of interest to battery manufacturers” – Giyani Manganese
Giyani Metals focusses on production of high purity electrolytic manganese metal for batteries. Chinese Manganese is typically not of the grade that is required for batteries and converting it into a selenium free manganese metal is very expensive. With European interest in promoting the trade of raw materials used in batteries, Giyani is […]
TOMRA: Automating chrome mining processes to reduce wasted energy and water in South Africa.
Chrome sorting process separates the waste at the beginning of the process to reduce water, energy and chemical use later in the process. TOMRA’s process uses half the energy of competing processes. Chrome spot price may increase based on demand out of China, who is now out of lockdown. Links waste reduction to profits giving […]
Ore trader cautions that it’s going to be a “very tough year”
China has become more dependent on South Africa for its chrome and manganese requirements China has sufficient stocks to last a few months Depending on how long South Africa remains in lock-down will determine the impact on prices However, Jonathan stresses that this was always going to be a challenging year for China, irrespective of […]