InvestMacro

Source: Streetwise Reports   12/01/2021

EnCore Energy’s acquisition of Azarga Uranium is expected to close shortly, according to a Red Cloud Securities report.

EnCore Energy Corp. (EU:TSX.V; ENCUF:OTCQX) just became part of Red Cloud Securities’ coverage of energy stocks given it is “set to become a leading, U.S.-based in situ recovery (ISR) uranium developer,” according to analyst David Talbot in a Nov. 17 research note. Red Cloud initiated coverage on enCore with a Buy rating and a CA$2.75 per share target price. In comparison, the mining company’s share price today is around CA$1.88.

“With uranium prices on the move and anticipated to rise further in the near term and with an extensive pipeline of ISR projects to develop, we believe investors should be keeping a close eye on this company,” Talbot wrote.

The analyst further explained the reasons enCore Energy is compelling. For one, the British Columbia-headquartered company is well on its way to reaching its goal of becoming the leading American uranium producer. It has potential near-term production, which could come from the company’s Rosita (production is expected to commence there in Q3/22) and Kingsville, two of the States’ processing plants.

Mid-term production could come from its two new, advanced projects, Dewey Burdock in South Dakota (production is expected to start in H2/24) and Gas Hills in Wyoming, gained via the acquisition of Azarga Uranium. (Red Cloud expects the transaction to close and to do so soon, Talbot indicated).

“We consider Dewey Burdock, with its low $32 million ($32M) capex, to be one of the best U.S. ISR projects,” wrote Talbot.

Longer term production could come from the other assets in enCore’s portfolio, such as Marquez-Juan Tafoya in New Mexico. Production start there is penciled in for 2025.

Also, the new company, enCore plus Azarga, has sales contracts for 50% of its expected production over the first three years. Red Cloud projects the firm will reach uranium production of 3.4 Mlb by 2027.

“The combined company now owns over 15 uranium projects in the U.S. with close to about 100,000,000 pounds of uranium (100 Mlb of U3O8) in resources plus about 78 Mlb of historical uranium resources,” noted Talbot.

Also, Talbot added, enCore has a strong balance sheet and no debt. It has CA$23M in cash, 0.1 Mlb of physical uranium and equity positions in Elephant Capital (Evolving Gold Corp.) and Group 11 Technologies.

Talbot pointed out that the fundaments for uranium are “strong and point to a new uranium

bull market,” ideal for enCore. Uranium demand is rising whereas supply is decreasing, spot prices are going up (it is now at $47.25 per pound) and uranium equities generally outperform during periods of high inflation in the U.S., like we are in now.

Finally, enCore Energy trades at a discount to its peers, wrote Talbot, but the difference is expected to shrink as uranium prices improve, Rosita production comes online and the company advances projects.

Disclosures:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Important Disclosures for Red Cloud Securities Inc., enCore Energy Corp., Nov. 17, 2021 

Red Cloud Securities Inc. is registered as an Investment Dealer in all Canadian provinces and territories, and is a member of the Investment Industry Organization of Canada (IIROC). Part of Red Cloud Securities Inc.’s business is to connect mining companies with suitable investors. Red Cloud Securities Inc., its affiliates and their respective officers, directors, representatives, researchers and members of their families may hold positions in the companies mentioned in this document and may buy and/or sell their securities. Additionally, Red Cloud Securities Inc. may have provided in the past, and may provide in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services.
Red Cloud Securities Inc. has prepared this document for general information purposes only. This document should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided has been derived from sources believed to be accurate but cannot be guaranteed. This document does not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. Recipients should rely on their own investigations and take their own professional advice before investment. Red Cloud Securities Inc. will not treat recipients of this document as clients by virtue of having viewed this document.
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2. The issuer paid for or reimbursed the analyst for a portion or all of the travel expense associated with a visit.
3. In the last 12 months preceding the date of issuance of the research report or recommendation, Red Cloud Securities Inc. has performed investment banking services or has been retained under a service or advisory agreement by the issuer.
4. In the last 12 months, a partner, director or officer of Red Cloud Securities Inc., or the analyst involved in the preparation of the research report has received compensation for investment banking services from the issuer.

Analyst Certification: Any Red Cloud Securities Inc. research analyst named on this report hereby certifies that the recommendations and/or opinions expressed herein accurately reflect such research analyst’s personal views about the companies and securities that are the subject of this report. In addition, no part of any research analyst’s compensation is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report.

Source: Maurice Jackson for Streetwise Reports   11/30/2021

Vox Royalty is completing a banner year on its royalty portfolio, executing its royalty acquisition strategy, as the company now is on the cusp of having five producing royalty assets.

Maurice Jackson: Joining us for a conversation is Spencer Cole, the chief
investment officer of Vox Royalty Corp. (VOX:TSX.V). Mr. Cole, great time to be speaking with you as Vox Royalty continues to provide shareholders with a smart way to invest in commodities. Before we begin, Mr. Cole, please introduce us to Vox Royalty and the opportunity the company presents to shareholders.

Spencer Cole: Vox Royalty is a high-growth, precious metals-focused, mining royalty investment company. The company’s been around for eight years, and over those eight years, we’ve built what we believe is the most unique mining royalty investment company in our entire $70 billion industry. We’re consistently delivering the highest rate of return on invested capital at what we believe is the lowest potential portfolio risk level. Particularly for some of your listeners who are concerned about inflation levels at the moment, we think Vox is a really attractive inflation hedge that offers investors high-organic growth with very low risk.

Maurice Jackson: Last month, Vox Royalty announced some exciting news for shareholders regarding development and exploration updates from your royalty operating partners. This month appears equally exciting, as Vox Royalty has just announced additional key developments which look to strengthen your royalty portfolio. Beginning in Nevada, take us onto the Gold Standard Ventures South Railroad Gold Project, and provide us with an update on the feasibility study, permitting, and construction financing.

Spencer Cole: The South Railroad Project is a rapidly advancing gold project in Nevada, which is obviously arguably one of the most pro-mining, particularly pro-gold mining jurisdictions on the planet. The operator just provided an update to the market that they’re rapidly approaching completion of the feasibility study, which is targeted for the first quarter of 2022. Upon the completion that feasibility study, they’re going to move straight into construction financing.

Gold Standard Ventures already has one of the world’s largest mining private equity funds, Orion, who’s given them a $200 million term sheet to fund the construction of the mine. They’ll be looking to go back to other investment groups to see where the best source of financing is so going into early 2022, we expect a huge amount of exciting news flow as to how this project is going to be constructed, and then their management has also provided an update that they expect to receive their final permits to start construction of this project within 18 months, so a really exciting gold project that’s rapidly moving towards production over the coming years.

Maurice Jackson: Speaking of exciting news for next year, let’s go to Black Cat’s Bulong Gold Project, where they’re looking at a first production guidance in 2022. What can you share with us?

Spencer Cole: This is an exciting royalty within our portfolio for a few reasons, as you mentioned, the Black Cat Syndicate, which is the operator of this Bulong Gold Project, they just reiterated guidance. They’re expecting this gold mine to be in production in the second half of 2022, so investors can look forward to the royalty revenue possibly late next year. But a cherry on the cake, so to speak, with this royalty, is not only is the company actively moving this project forward towards production next year, but they’re aggressively drilling out the land package. On an annualized basis, they’re drilling over 80,000 meters on this land package. So not only are investors looking forward to, I guess, near-term royalty revenues on this property, but also, there’s likely to be a huge volume of discovery news flow over the coming months and quarters as they continue that drilling campaign.

Maurice Jackson: We’ve covered gold. Let’s discuss silver and platinum group metals, beginning with silver at the Bowdens Silver Project by Silver Mines. How’s their drilling and development campaign coming along?

Spencer Cole: It’s coming along extremely well. For readers who aren’t aware of the Bowdens Project, it’s the largest primary silver project in all of Australia. On a silver equivalent basis, there are approximately 275 million ounces of silver equivalent resources in the ground here, so just an extremely large ore body. The operator, Silver Mines, is working through final permitting at the moment. They’re also progressing an expansion case, looking at a high-grade underground that would go on top of the open pit operation. We expect that this project is rapidly heading towards a construction decision with final permits in hand next year. The managing director of the operator was recently quoted on Bloomberg as saying he personally believes there’s potential for this ore body to triple in size. So what is already a monstrously large silver deposit, the managing director of the operator thinks there’s a multiple of this potential in the ground, which is even more exciting for our investors.

Maurice Jackson: Finally, my favorite metals, the Platinum Group Metals. What are the latest developments coming from ValOre?

Spencer Cole: This is another exciting royalty within our portfolio of 54 royalties, The Pedra Branca Project, is ValOre’s flagship asset, it’s also the largest Platinum Group’s metal project and deposit in all of South America. ValOre has been aggressively drilling this property out, so they’ve been doing approximately a 10,000-meter drilling program this year, and our expectation from management is that they’re preparing for a resource update in the coming months. We look forward to seeing the size of this resource grow, and then for this project to continue to move along down the development pathway towards production over the coming years. So all eyes are on the resource update that we expect in the next few months.

Maurice Jackson: Mr. Cole, as you look back at 2021 and then forward onto 2022, Vox Royalty, in many regards, has exceeded expectations in terms of your development, discovery drilling, and bolstering your royalty portfolio. Vox Royalty is on track for a record year on moving projects into production. Can you comment further on that?

Spencer Cole: 2021 has been a transformational year in Vox’s eight-year history. We’ve increased the number of producing royalty assets that we have in our portfolio to five. We’ve had record volumes of partner-funded drilling on our royalty properties. We’ve had a record number of projects, I guess, moving forward into sort of development stage as well, supporting the near-term growth potential as well. But then importantly for investors, as we look ahead towards next year, 2022, we expect that a lot of that key organic growth is even going to be outpaced and set to continue going into next year.

Just by way of example, there are three additional projects that we expect to commence production next year that are in varying stages of construction currently. There are four separate feasibility studies that we expect to be released next year. The volume of drilling on our royalty properties, we expect that will achieve a new record in 2022 as well. So for Vox shareholders, they can look forward to a huge volume of organic growth in revenue and underlying development within our royalty properties without any additional capital required to acquire those royalties.

Maurice Jackson: Now, before we leave the property bank, what is the next unanswered question for Vox Royalty? When can we expect a response and what determines success?

Spencer Cole: I think as we touched on in our last interview, I think the main catalysts that investors continue to be excited about in Vox is just the organic growth within our portfolio and what that means for our revenue projections. As I touched on, we’ve seen a huge volume of growth on a number of our producing royalties. When we went public last year, we only had one producing royalty asset. And look, that was one criticism of the company, that people wanted us to have more producing assets, and where we stand today, we’ve now got five producing royalty assets. Organically, without spending any additional capital on new royalties, we expect that will increase from five producing royalty assets to 10, and north of 10 by late 2023.

Spencer Cole: What is the unanswered question is how soon will those new royalty assets come into production and what does that mean for revenue, which has already been growing at quite a substantial rate? I think the great news for our investors is they don’t need to wait a very long time. This is a matter of months and quarters as they continue to see that growth organically within the portfolio, the incremental revenue that’s going to come from those producing operations.

Maurice Jackson: Let’s look at some numbers. Sir, please provide us with the capital structure for Vox Royalty.

Spencer Cole: We have a very tight capital structure at Vox with less than 40 million shares on issue. We are in a net cash position on our balance sheet. Our total working capital is about nine million on the balance sheet between cash and listed investments. Vox has very strong balance sheet and we are very, very careful about not issuing stock. We, as management, own about 15 percent of the company, and our family members own additional stock on top of that, so this is very much an investor-led and managed business, where management is fully aligned with our investor group.

Maurice Jackson: In closing, Mr. Cole, what would you like to say to shareholders?

Spencer Cole: Thanks for the shareholders’ and listeners’ time today. I’d strongly encourage you to have a look at the Vox Royalty website. We’re on the cusp and continuing to deliver on a strategy that is high growth but low capital intensity, where we’re offering incredible returns at very disciplined prices. Particularly in this inflationary environment that we find ourselves in today, getting exposure to a portfolio of base and precious metal assets, such as Vox has in its portfolio, is a really smart way to hedge inflation risk. So I strongly encourage investors, particularly those that are worried about inflation, to seriously consider having a look at Vox Royalty in more detail.

Maurice Jackson: Last question, sir. What did I forget to ask?

Spencer Cole: I believe we’ve covered it all today.

Maurice Jackson: Mr. Cole, for readers that wish to learn more about Vox Royalty, please share the contact details.

Spencer Cole: Please visit our website www.voxroyalty.com.

Maurice Jackson: Mr. Cole, it’s been a pleasure speaking with you. Wishing you and Vox Royalty the absolute best, sir.

Before you make your next bullion purchase, contact me at 855.505.1900 or email [email protected]. I’m a licensed representative for Miles Franklin Precious Metals Investments, where we provide a number of options to expand your precious metals portfolio from physical delivery to offshore depositories and precious metal IRAs. Finally, we invite you to subscribe to www.ProvenandProbable.com, where we provide Mining Insights and Bullion Sales.

Disclosures:

1) Maurice Jackson: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: Vox Royalty Corp. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: Vox Royalty Corp. My company has a financial relationship with the following companies referred to in this article: Vox Royalty Corp. Proven and Probable disclosures are below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) do not own securities of Vox Royalty Corp., a company mentioned in this article.

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Source: Bob Moriarty for Streetwise Reports   11/28/2021

Bob Moriarty of 321Gold discusses Defense Metals’ recent PEA and explains why this company is important for the Western EV market.

For most of the last year I have been predicting the start of a major market crash, long overdue, to take place starting in October. I got it totally wrong. The giant crash started weeks late but is now with us. Tax Loss Silly Season this year is going to be the biggest blood bath and greatest opportunity most of us will ever see. While it’s true that the clipto currencies and major markets will suffer the greatest losses, when the margin clerk is on the other line, investors sell everything they can get a bid on.

Green eyeshade wearing account clerks in the back office convinced management of every western auto manufacturer that the way to maximum profits was to adopt a system of “just in time” parts delivery. In theory the auto companies saved money because they weren’t paying interest on the money they tied up in keeping a healthy supply of spare parts. That theory actually didn’t make any sense in an environment of zero interest rates.

The big car companies have lost hundreds of billions in revenue this year for lack of ten-dollar memory chips. All made in China or Taiwan to save money. Single sourcing anything is a sure way of life biting you on the ass.

I have been writing about Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) for nearly three years. And here. And here.  And here. The primary focus of Defense Metals is on their Wicheeda REE project located in British Columbia, Canada. While China mines and processes the bulk of Rare Earth Elements (REE) in the world, we are right back to that ticking time bomb of single sourcing critical elements. China’s share of production of REE needed for high performance magnets and other ultra high tech metals has actually been growing as production in the rest of the world has slowed to a crawl. China produced 85% of REE in 2019 and 90% of the finished products. You could say China has a stranglehold on REE just as they did with microchips. And the result will be similar.

Last week Defense Metals released a long awaited preliminary economic assessment (PEA) on the Wicheeda REE property. The numbers were good showing a NPV of $765 million pretax and after-tax NPV of $512 at an 8 percent discount rate. The after tax IRR is 16 percent and I highly suspect the company is sharpening their pencils in order to raise that number. The PEA envisions a nineteen-year mine life with an operating margin of a nice 65.2 percent.

Capex for the mine and mill is estimated at $461 million with a twenty to twenty-five percent contingency allowance. The 43-101 shows a five million tonne indicated resource showing a 2.95% TREO and a twenty-nine point five million tonne inferred resource averaging 1.83% TREO. During 2021 DEFN finished an additional 5,340-meter drill program in 29 holes. Those assays have not yet come back from the labs. DEFN expects those results will come out in early 2022.

Poor planning on the part of auto companies has costs them hundreds of billions in revenue. If the governments of Canada and the US don’t get their act together, the lack of domestically sources REE will destroy the EV manufacturing in the West. Action needs to take place soon.

I have participated in several private placements in DEFN and bought shares in the open market. I am biased. In addition they are advertisers so naturally I am biased. As always do your own due diligence.

Defense Metals Corp
DEFN-V $0.23 (Nov 26, 2021)
DFMTF – OTCQB 117 million shares
Defense Metals website

Bob Moriarty
President: 321gold
Archives
321gold

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

Disclosures:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Defense Metals. Defense Metals is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: Defense Metals. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.  As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Defense Metals, a company mentioned in this article.

Source: Streetwise Reports   11/24/2021

Standard Lithium Ltd.’s shares rose 22% after the firm reported that a Koch Investments Group subsidiary has agreed to make a strategic investment in the company of CA$127.07 million via a direct private placement.

Lithium project developer Standard Lithium Ltd. (SLI:TSX.V; SLI:NYSE American), which is engaged in development, extraction and production of lithium carbonate, today announced that “Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, will make a US$100 million investment in Standard Lithium through a direct private placement to support the company’s strategic development goals.”

The companies noted that the KSP’s decision to invest in Standard Lithium was made after extensive due diligence regarding Standard’s LiSTR DLE technology, its Lanxess project’s demonstration plant and its project development plans.

In addition to the direct equity investment, the two firms expect to pursue strategic opportunities with other Koch Industries affiliate companies to achieve Standard Lithium’s project development objectives. Specifically, the firms mentioned that Koch Engineered Solutions (KES) will be an excellent collaborative partner that can provide key process equipment, engineering, procurement, and construction services and Koch Minerals & Trading (KM&T) is well suited to handle trading of required materials and lithium products produced.

The company advised that the net proceeds from the investment will be used to continue and accelerate its first commercial Lanxess facility project and to advance its South West Arkansas Lithium Project. The funds will also be utilized to further improve and commercialize Standard’s modern lithium extraction and processing technologies that in turn will allow for even greater project expansion.

Standard Lithium’s CEO Robert Mintak commented, “We’re entering an important phase for Standard Lithium and we’re thrilled to be starting it with a globally recognized industrial leader like Koch Strategic Platforms as a partner…KSP has an impressive track record of investing in disruptive technologies and their backing is an important endorsement of the Company’s core technology, development plans and of our intent to make the Gulf Region a leading supplier of lithium resources.”

Koch Strategic Platforms’ President David Park remarked, “KSP is focusing on investing in companies with strong tailwinds that are disrupting the market as we know it. We are excited to invest in Standard Lithium as they pave a path forward towards lithium production here in the U.S. This is an exciting time for energy transformation and we believe KSP’s investment in Standard Lithium can help accelerate the production of lithium resources right here at home.”

The report indicated that through a direct private placement, KSP will invest a total of CA$127.07 million (US$100.0 million) in Standard Lithium. In exchange, KSP will receive 13,480,083 of Standard Lithium’s common shares at a price of CA$9.43 (US$7.42). The transaction is conditional upon adherence to certain statutory resale restrictions under U.S. and Canadian securities laws and remains subject to ordinary closing conditions and approval from TSX Venture Exchange.

Standard Lithium Ltd. is a lithium development and production company headquartered in Vancouver, B.C. The firm at present is engaged in testing and proving commercial viability of lithium extraction from greater than 150,000 acres of permitted brine operations at its Lanxess Project in southern Arkansas. The firm stated that at its flagship Lanxess south plant facility, it has it has commissioned “a first-of-a-kind industrial-scale direct lithium extraction demonstration plant that utilizes its proprietary LiSTR technology to selectively extract lithium from Lanxess’s tail brine.”

The company mentioned that its processes are environmentally friendly as there is no need to build evaporation ponds. In addition, Standard’s methods significantly reduce processing time and enhance lithium recovery yields. The firm noted that it is also actively pursuing a 30,000-acre property package of lithium resources in southwest Arkansas offering brine leases as well as 45,000 acres of mineral leases in San Bernardino Co., Calif.

Koch Strategic Platforms has offices in Atlanta, Ga. and Wichita, Kan. and is one Koch Investments Group’s six key subsidiaries along with Koch Asset Management, Koch Disruptive Technologies, Koch Equity Development, Koch Investment Management and Koch Real Estate Investments. KSP was established in 2020 with its efforts centered around making key strategic investments in both public and private high-growth companies across many industries that demonstrate innovative and disruptive potential.

Standard Lithium started the day with a market cap of around $1.3 billion with approximately 147.4 million shares outstanding. SLI shares opened more than 11% higher Friday at $9.68 (+$0.98, +11.26) over Thursday’s $8.70 closing price. The stock traded Friday between $9.18 and $10.74 per share and closed for trading at $10.63 (+$1.93, +22.18%).

Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Source: BioResearchAlert for Streetwise Reports   11/23/2021

BioResearchAlert looks at Usha Resources as it looks to begin drilling at the Lost Basin Gold-Copper Project.

• Forbes calls this Battery Metals Supercycle one like no other ever before

• Usha Resources has assembled an impressive portfolio of assets with high-quality copper, cobalt, and nickel projects

• The Green Hills Copper-Cobalt Project, where 10,000+ meters of historical drilling has identified 1.2% Cu over 11.3 meters and up to 1.14% Cu and 0.3% Co over 96.3 meters. Modern geophysics has identified 9 never-tested targets ready to be drilled.

• The Lost Basin Gold-Copper Project, where the Company has identified multiple targets including the Red Basin with 11.134 g/t Au in soil, the Copper Blowout with 1.53% Cu in outcrop, and the Ideas Lode West, a vein system that runs for hundreds of meters with up to 45.4 g/t Au.

• Usha has just closed its first investment tranche to begin drilling at the Lost Basin Gold-Copper Project.

• Small Capital/Share Structure of about 15 million shares outstanding and 22.7 million shares fully diluted.

• 85% of shares are owned by strategic shareholders, including 30% by management.

In a recent report by Platts at S&P, economists have declared that we are in what is called a “Supercycle”. So far in 2021, metals prices are rising as predicted.

“What is the definition of commodity Supercycle?,” says Jeff Currie, head of commodities research at Goldman Sachs. “It’s a structural upward shift in demand…and we have a structural upward shift in demand occurring.”

The last major economic Supercycle began approximately in 2002, when China began an extended period of economic growth—through a period of industrialization and urbanization that stretched through the financial crisis of 2009.

What’s causing this Supercycle to get underway?

Fidelity International analyst Toby Sims writes: “This time around, proponents saw the transition to green energy as a prime catalyst for another supercycle. Roads, bridges, rail links, solar parks and wind farms need industrial commodities, along with some precious metals like silver. Combine that with massive government stimulus packages investing in infrastructure, as well as renewed post-pandemic demand, and hopes were high that we were entering a new age for commodities.”

A new age for commodities indeed – especially battery metals.

Among the commodities that are attracting the most attention in the years to come, are those associated with the electrification of the economy such as the transition into cleaner energy, and electric vehicles.

Strategic metals are at the forefront, of which several are still in abundance in secure jurisdictions in North America, including several recognized as top places to do business in the world by the Fraser Institute.

With projects across three of these favored jurisdictions, up-and-coming
junior mining explorer Usha Resources Ltd. (USHA:TSX.V; USHAF:OTCQB) has methodically assembled an impressive portfolio of high-quality projects involving strategic metals, including copper, cobalt, nickel, gold, and silver.

Through a series of shrewd property acquisitions and backed by a team of experienced project finders and builders, Usha Resources has positioned itself strategically while keeping its share structure to an incredibly tight ~15 million shares, and maintaining +85% ownership through insiders, management, and strategic shareholders.

Now with the first investment tranche closed, Usha is ready to commence core drilling and trenching on its projects beginning with its gold-copper Lost Basin Project where they have identified the following high-priority targets:

• Red Basin: Highly anomalous soil samples were identified with 10 samples assaying over 0.2 g/t Au and as high as 11.134 g/t Au
• Copper Blowout: 4 chip samples assayed above 1% Cu and as high as 1.53% Cu over 2 m
• Mallory’s Trench: Chip samples yielded gold values as high as 2.6 g/t Au over 2 m
• Ideas Lode West: An exciting new prospect where the structure containing the gold-bearing quartz veining extends for hundreds of meters and grab samples assayed as high as 45.4 g/t Au

In short: the timing for Usha is as about good as it gets.

Let’s now take a more in-depth look at the company’s assets, and the development that is still to come.

GREEN HILLS (Soon to be Officially Acquired): Copper-Cobalt-Gold-Silver Property in Montana, USA

• Targeting MAJOR potential for copper, cobalt, gold, and silver
• Prolific and proven region, previously mined from the 1800s-1940s
• Numerous past producers, present producers, and prospects in the area
• 65 unpatented claims 32 km south of Butte
• Located in a top-class mining-friendly jurisdiction with straight-forward legislation
• Year-round access with good roads

Located 32km south of Butte, Montana, the Green Hills Property is comprised of 65 claims that total over 1,342 acres.

The property’s claims came with +10,000 meters of historical drilling, including work by several majors such as BHP, Cominco, Homestake, Phelps Dodge, and Rio Tinto.

Significant drill and trench results include:

• 1.2% copper, 0.036% cobalt, and 200 ppb gold over 11.7 meters of massive sulfides in DH WCC 4
• 0.15% to 0.3% cobalt and up to 1.14% copper over 96.3 meters in DH K-1 (note, only 1 ft was assayed for every 10 ft)
• 1.8% copper and 450 ppb gold over 1.25 meters in DH PD-1
• 19.0% zinc over 0.7 meters in DH M-1
• 19.8% zinc over 0.4 meters in DH 79-1
• Up to 4.7% copper, 0.07% cobalt, and 2.3 g/t gold in trenches advanced by BHP-Utah

The land package and mineralization is interpreted to be age-equivalent and part of the same Belt Supergroup that includes the world-class past-producing Sullivan Mine in British Columbia.

Comparable targets include:

​Teck Resources Ltd. (TECK:TSX; TECK:NYSE), Sullivan Mine

Purcell Group geology

A major producer of lead, zinc, and silver

Produced 26 million tons of lead, zinc, and silver

Jervois Global Ltd. (JRV:ASX), Idaho Cobalt Deposit

Purcell Group geology

Major copper, cobalt, and gold occurrence

Near-term producer

Recent airborne geophysical survey work has identified a series of high-priority anomalies on the Property (often indicative of sulphide mineralization), and numerous major and minor structures, which require follow-up exploration and possibly drilling.

USHA’s plan over the coming months is to conduct further geophysical mapping and interpretation, sampling, and other techniques in order to launch a comprehensive drill program with the goal of completing a maiden resource at one or more areas.

“We are thrilled to have acquired such a significant project at a time when the demand for cobalt and copper is increasing so dramatically,” stated Deepak Varshney, CEO of the Company. “This project checks off all the boxes – a mining-friendly jurisdiction, easy year-round access, great historic results, and world-class vendors.

LOST BASIN: Gold-Copper Project in Arizona, USA

• High-grade widespread gold grades at surface support economic mining potential
• Limited shallow drilling indicates significant zones of potentially economic bulk gold mineralization with “blue sky” potential
• Located in a top-class mining friendly jurisdiction with straight-forward legislation
• Exploration will focus on areas with little or no recorded drilling
• Year-round access with good roads

Lost Basin is a gold-copper project comprised of 133 mining claims totaling +5,000 acres in Mojave County in Arizona, USA.

Recent work completed by the Company has identified the following high-priority targets:

• Red Basin: Highly anomalous soil samples were identified with 10 samples assaying over 0.2 g/t Au and as high as 11.134 g/t Au
• Copper Blowout: 4 chip samples assayed above 1% Cu and as high as 1.53% Cu over 2 m
• Mallory’s Trench: Chip samples yielded gold values as high as 2.6 g/t Au over 2 m

• Ideas Lode West: An exciting new prospect where the structure containing the gold-bearing quartz veining extends for hundreds of metres and grab samples assayed as high as 45.4 g/t Au

The District has a history with significant gold production, including at the Climax, Bluebird, and Gold Hill (left) mines, and the nearby King Tut Placers.

What’s perhaps the most interesting fact about the region, is that the source of the placer gold has never been identified. Historic work suggests that it may originate west on the Lost Basin property.

Historical non-compliant results include:

• 65.8 g/t Au from the area of the Golden Hill Mine
• 77 g/t Au from the area of the Climax Mine
• 71.7 g/t Au from the Wall Street Workings
• 19.1% Cu from the area of the Copper Blowout

• 69% Cu over 13.7 meters

USHA’s plan over the coming months is to build on the existing work by completing an initial core drilling and trenching program over a period of four weeks that will also include soil sampling, geologic mapping, and rock sampling of these areas and other areas of interest at Lost Basin.

The primary objective of exploration will be to further develop USHA’s understanding of the nature of the gold mineralization at Lost Basin as it continues to develop targets for a larger follow-up core drilling program in 2022.

“Advancing the gold and copper stories at Lost Basin is a primary objective of ours as we move into 2022 and we are extremely excited to continue our exploration at the property,” stated Deepak Varshney, CEO of USHA. “We look forward to continuing to build on the results of our Spring program as we continue to develop the Lost Basin asset.”

NICOBAT: Nickel-Copper-Cobalt Project in Ontario, Canada

Nicobat is a nickel-copper-cobalt project in the Rainy River District in northwest Ontario, Canada — the same district where New Gold’s Rainy River Mine is expected to produce approximately 3.41Moz of gold through a combination of open pit and underground operations.

The Nicobat property’s highlights include:

• Active mine development in region with excellent road and rail access, power, and water

• Up to 2.6 wt% Ni and 0.17 wt% Cu above 100 meters depth in recent samples

• Nickel tenor of 3-5 wt% Ni

• Near surface mineral zone open at depth in potential feeder zone

Historic work includes over 220 drill holes and metallurgical studies on numerous bulk samples between 1952 and 1972, where:

• Stratmat Ltd. reported a non-compliant historic resource of 6.35 million short tons
• Chibtoen Copper Corporation reported a non-compliant historic resource of 5.3 million short tons grading 0.28% Cu, 0.24% Ni, including a mineral zone with 225,000 short tons grading 0.65% Cu, 0.87% Ni

In 2015, Crystal Lake Mining completed an 1,860-meter 10-hole drilling program confirming high-grade nickel-copper shoots considerably better than previously recorded in the historical drilling.

• Drill hole A-04-15 intersected from surface to 63.75 meters a weighted average of 1.05% nickel and 2.18% copper
• Of significance, the bottom 9.8 meters section averaged 1.92% Ni, 0.17% Cu, and 0.132% Co indicating that deep targets identified using a SGS geochemical survey may contain higher grades

Future work at Nicobat will focus on drilling deeper at the EL1 claim with a $250,000 program:

• 1,500-meter drill program focused below the known breccia-hosted mineral zone based on our 3D model to intersect known and new mineralization
• Complete borehole EM surveys to identify highly conductive massive sulfides.
• Follow-up drilling with a subsequent program for the best targets based on mineralization and/or EM anomalies

About BioResearchAlert: I have been an analyst since 1970 and have been following advances in biotech since the 1980s. I see a strong trend toward acceleration of new technologies such as stem cell therapeutics that provide excellent long-term investment vehicles. I believe new technologies in well-positioned small-cap companies offer the idea; risk to reward ratios and the best opportunities to accumulate wealth. I have learned over the years that every investment comes with risk and they key to success is identifying the risk, managing the risk, and knowing when to exit because new technologies can be so disruptive.

Cautionary Statement: Investors are cautioned that the above information and the information on the adjacent properties is taken from the publicly available sources. The Author has not been able to independently verify the information contained. The information is not necessarily indicative of the mineralization on the Property, which is the subject of this article. Usha Resources will need to conduct exploration to confirm historical mineralization reported on the property and there is no guarantee that significant discovery will be made as a result of its exploration efforts. Usha Resources is in the process of compiling exploration and geological data available on the property and surrounding area to develop an exploration work plan.

Forward-looking statements: This article may include “forward-looking information” under applicable Canadian securities legislation. Such forward-looking information reflects current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Public that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

Usha Resources is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, Usha Resources currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

BioResearchAlert has not compensated for this article and owns no shares, warrants, options, or debt.

Streetwise Reports Disclosures:

1) BioResearchAlert’s disclosures are above.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
4) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Usha Resources, a company mentioned in this article.

Source: Streetwise Reports   11/20/2021

Argentina Lithium & Energy’s V.P of Exploration Miles Rideout has a plan to meet surging global demand from the battery sector.

Argentina Lithium and Energy Corp. (LIT:TSX; PNXLF:OTC; OAY3:FSE) is focused on developing high-quality lithium projects in Argentina, advancing them toward production in order to meet the global demand from the battery market, which is growing 15% per year.

According to Research and Market’s Lithium Mining Market – Growth Trends and Market Forecast Report (2021 – 2025), the global lithium market will expand at 26% CAGR from 2021 to 2025, reaching US $1 billion.

Streetwise Reports recently interviewed the company’s Vice President of Exploration, Miles Rideout, from his home in Mendoza, Argentina, where he has lived for two decades.

Mr. Rideout served five years as CEO of Latin American Minerals (LAT:TSX.V), advancing gold and diamond projects in Paraguay, and 23 years with Quantec Geoscience, where he initiated operations in South America.

We asked Rideout how he gravitated to South America.

“After graduating from the University of Western Ontario, I worked two years in the Canadian bush as a contract geophysicist,” recalled Rideout. “That is not an easy environment.  When I was given an opportunity to work in northern Chile, I took it.”

Rideout worked in Chile for eight years, and then Argentina for 24 years, acquiring extensive geological, operational, and cultural knowledge.

We asked Rideout about the differences in working in Chile and Argentina.

“Chile is a mining country,” stated Rideout. “From the time of Pinochet’s government through to the present, mining has been their bread and butter. Chile is the world’s largest producer of copper. To a large extent, the government is in tune with the resource extraction industry.”

Rideout says that Chile is an expensive place to operate: “even more expensive than Canada” In comparison, Argentina has a more diverse economy, including tourism and agriculture. “Mining is a third-tier industry in Argentina,” confirmed Rideout. “But the exploration investment goes much further. The country is seriously under-explored. There is a lot unclaimed yet prospective ground, which is not true of Chile.”

Argentina Lithium and Energy is a member of the Grosso Group, a resource pioneer in Argentina since 1993 that has racked up multiple successes.

The Grosso Group has a vast network of local and regional contacts in Argentina. Joe Grosso is in the Argentina Mining Hall of Fame.

“Joe Grosso can get a meeting with anybody in Argentina at any time,” stated Niko Cacos, President and CEO of Argentina Lithium.

“The Grosso Group has made four major discoveries in Argentina,” confirmed Rideout, “That’s not an accident. They pick good people, they execute well, and they persevere. Argentina has good moments and downturns, which are opportunities to acquire good new ground.”

Argentina is currently having “a good moment.”

“Argentina’s center-left government has been making a conscious and strategic push towards lithium,” reported Reuters on September 9, 2014.

“Last year it lowered taxes on all mining exports to 8% from 12% and in April eased capital controls on firms taking foreign currency out of the country for projects with investments of over $100 million,” continued Reuters.

We asked Rideout about the geology of the famed Argentine “Lithium Triangle.”

“Lithium comes from seafloor sediments which have been thrust under the Andes Mountains,” explained Rideout, “You have this crustal melt occurring as the old seafloor gets thrust down under the continental mass. The volatile and low-temperature components percolate upwards bringing with them gold, copper, and lithium.”

Rideout explains that the lithium is introduced in the near surface environment by volcanic events.

“Lithium is a curious metal because it doesn’t fit into the mineral lattice of most volcanic minerals,” stated Rideout. When the volcanic magmas cool near the surface, the minerals solidify but the lithium is excluded from the crystal structure, and is readily available to be leached.

“The Lithium Triangle is special because of the large amount of seafloor melt being brought up with by volcanic events,” stated Rideout, “This gives you approximately 10 times greater lithium than if you had other kinds of volcanic melt.”

LIT controls nearly 58,000 hectares of claims on four salars (Rincon, Pocitos, Antofalla, and Incahuasi) in the pro-mining Argentina provinces of Salta and Catamarca.  All LIT’s properties are highly prospective for lithium.

Rideout and his team are prioritizing the 2,370-hectare Rincon West Project, adjacent to Rincon Ltd. and Argosy Minerals, with proven lithium reserves.

“Rincon West is just a few kilometers east of the Chilean border, with excellent access.” explained Rideout. “There are two other lithium companies working on the Rincon salar, who have already drilled. This is a mature salar with well stratified deposits of salts and sediment. We acquired the west flank of the salar in August, 2021, where it has never been drilled.”

“We are planning 40 kilometers of a deep seeking geophysical technique called transient electromagnetic soundings,” continued Rideout. “We’ll have images to about 500 meters depth. I expect to resolve to the bottom of the basin. We’ll be able to see the structure of the basin sediments, and we’ll know where to place our drill holes to best effect.”

On November 1, 2021, LIT announced a non-brokered private placement financing of up to 11,000,000 units at a price of $0.45 per unit for gross proceeds of $4,950,000.

Each unit will consist of one common share and one transferrable common share purchase warrant at $0.70 per share for three years from the date of issue.

Argentina has high potential for new discoveries. Rideout says you can still find places in Argentina where modern humans have never stood. “For an exploration professional, it’s exciting to pick up rocks amongst arrowheads and think, ‘I’m the first person who’s been here doing this’,” stated Rideout.

“The demand for lithium was small a dozen years ago, and it’s now a very large sector.” concluded Rideout, “It’s an exciting opportunity for investors to enter a space that is growing spectacularly.”

LIT is currently trading at .50 with market cap of $24.7 million.  There are 52.6 million shares issued with 69 million shares outstanding.

Disclosure:
1) Lukas Kane compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor/employee. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None. His company has a financial relationship with the following companies referred to in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Argentina Lithium and Energy Corp. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
4) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Argentina Lithium and Energy Corp., a company mentioned in this article.