Archive for Metals

Coverage Initiated on Firm ‘Set to Become a Leading, U.S.-Based ISR Uranium Developer’

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.
Red Cloud Securities Inc. takes no responsibility for any errors or omissions contained herein, and accepts no legal responsibility for any errors or omissions contained herein, and accepts no legal responsibility from any losses resulting from investment decisions based on the content of this report.

Company Specific Disclosure Details
1. The analyst has visited the head office of the issuer or has viewed its material operations.
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.

VOX Royalty – A Smart Way to Hedge Inflation Risk

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.

Gold Bars

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.

Disclosures for Proven and Probable: 

Please disclose all companies that are mentioned in this article that you or members of your immediate household or family own securities of: Vox Royalty Corp.

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Defense Metals Delivers Excellent PEA

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.

COT Metals Charts: Copper, Gold, Silver, Platinum & Palladium

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC) on Monday due to the Thanksgiving holiday last week.

The latest COT data is updated through Tuesday November 23 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.


Data Snapshot of Commodity Market Traders | Columns Legend
Nov-23-2021 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 2,028,573 13 407,657 42 -454,965 46 47,308 82
Gold 559,823 40 234,411 62 -267,834 36 33,423 63
Silver 149,642 16 40,105 62 -56,998 43 16,893 39
Copper 190,681 20 13,722 52 -20,941 45 7,219 67
Palladium 10,078 16 -1,766 9 1,913 91 -147 36
Platinum 61,553 24 13,135 21 -20,272 80 7,137 62
Natural Gas 1,280,907 38 -137,255 37 97,333 62 39,922 80
Brent 206,668 45 -14,522 95 7,811 1 6,711 100
Heating Oil 338,034 0 15,631 65 -30,997 38 15,366 52
Soybeans 691,303 20 66,214 47 -29,173 59 -37,041 10
Corn 1,611,856 40 417,089 83 -363,662 20 -53,427 12
Coffee 272,527 38 67,904 98 -71,494 4 3,590 13
Sugar 920,493 24 249,626 88 -296,922 12 47,296 66
Wheat 425,301 47 41,489 82 -32,939 9 -8,550 61

 


Gold Comex Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe Gold Comex Futures large speculator standing this week totaled a net position of 234,411 contracts in the data reported through Tuesday. This was a weekly reduction of -25,369 contracts from the previous week which had a total of 259,780 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 62.3 percent. The commercials are Bearish with a score of 35.9 percent and the small traders (not shown in chart) are Bullish with a score of 62.7 percent.

Gold Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 58.3 21.6 9.9
– Percent of Open Interest Shorts: 16.4 69.5 3.9
– Net Position: 234,411 -267,834 33,423
– Gross Longs: 326,409 121,027 55,380
– Gross Shorts: 91,998 388,861 21,957
– Long to Short Ratio: 3.5 to 1 0.3 to 1 2.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 62.3 35.9 62.7
– COT Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 15.5 -18.3 29.4

 


Silver Comex Futures:

2-Year Treasury Bonds Futures COT ChartThe Silver Comex Futures large speculator standing this week totaled a net position of 40,105 contracts in the data reported through Tuesday. This was a weekly decline of -5,520 contracts from the previous week which had a total of 45,625 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 62.3 percent. The commercials are Bearish with a score of 43.0 percent and the small traders (not shown in chart) are Bearish with a score of 39.1 percent.

Silver Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 45.8 27.5 19.9
– Percent of Open Interest Shorts: 19.0 65.6 8.6
– Net Position: 40,105 -56,998 16,893
– Gross Longs: 68,478 41,120 29,715
– Gross Shorts: 28,373 98,118 12,822
– Long to Short Ratio: 2.4 to 1 0.4 to 1 2.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 62.3 43.0 39.1
– COT Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 22.1 -26.2 27.7

 


Copper Grade #1 Futures:

5-Year Treasury Bonds Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week totaled a net position of 13,722 contracts in the data reported through Tuesday. This was a weekly fall of -6,615 contracts from the previous week which had a total of 20,337 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 52.2 percent. The commercials are Bearish with a score of 45.1 percent and the small traders (not shown in chart) are Bullish with a score of 67.0 percent.

Copper Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 37.6 40.7 9.5
– Percent of Open Interest Shorts: 30.4 51.7 5.7
– Net Position: 13,722 -20,941 7,219
– Gross Longs: 71,699 77,592 18,094
– Gross Shorts: 57,977 98,533 10,875
– Long to Short Ratio: 1.2 to 1 0.8 to 1 1.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 52.2 45.1 67.0
– COT Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -6.3 3.4 22.2

 


Platinum Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe Platinum Futures large speculator standing this week totaled a net position of 13,135 contracts in the data reported through Tuesday. This was a weekly decrease of -7,878 contracts from the previous week which had a total of 21,013 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 21.3 percent. The commercials are Bullish-Extreme with a score of 80.0 percent and the small traders (not shown in chart) are Bullish with a score of 61.6 percent.

Platinum Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 49.5 27.8 16.4
– Percent of Open Interest Shorts: 28.1 60.8 4.8
– Net Position: 13,135 -20,272 7,137
– Gross Longs: 30,454 17,139 10,078
– Gross Shorts: 17,319 37,411 2,941
– Long to Short Ratio: 1.8 to 1 0.5 to 1 3.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 21.3 80.0 61.6
– COT Index Reading (3 Year Range): Bearish Bullish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 3.2 -5.0 18.2

 


Palladium Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Palladium Futures large speculator standing this week totaled a net position of -1,766 contracts in the data reported through Tuesday. This was a weekly advance of 272 contracts from the previous week which had a total of -2,038 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 8.8 percent. The commercials are Bullish-Extreme with a score of 91.0 percent and the small traders (not shown in chart) are Bearish with a score of 36.0 percent.

Palladium Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 29.7 52.9 15.6
– Percent of Open Interest Shorts: 47.2 33.9 17.0
– Net Position: -1,766 1,913 -147
– Gross Longs: 2,992 5,329 1,571
– Gross Shorts: 4,758 3,416 1,718
– Long to Short Ratio: 0.6 to 1 1.6 to 1 0.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 8.8 91.0 36.0
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 4.0 -3.8 -1.1

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

Canadian Lithium Developer Receives US$100 Million Equity Infusion from Leading US Investment Group

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.

 

Jr Explorer Usha Resources In Sync With Record-Breaking Battery Metals Supercycle

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.

Deja Vu in the World of Junior Mining

Source: Michael Ballanger for Streetwise Reports   11/23/2021 

Precious metals expert Michael Ballanger takes a look at the markets and homes in on one company in particular.

Déjà vu: “A feeling of already having experienced the present situation”: “tedious familiarity”

Before I begin, let it be known that I am fully aware of all the snickering and whispering that goes on whenever I proceed to recount one of my “stories” from years gone by. My barber says it reminds him of granddad sitting around the fireplace with a tumbler of Scotch, an old Montreal Canadiens toque cocked atilt on his balding pate, ruddy cheeks glistening in the glow of a four-sip buzz, as he takes complete delight in telling the story of the one-eyed, three-legged, no-tailed stray dog that went by the name of “Lucky.” Amidst all of the groans that surely reverberate throughout the halls of the Ballanger blogosphere, yet another nostalgia blast this way comes.

Between 1993 and 1996, I assisted a little junior exploration company called Mountain Province Mining Inc. (now Mountain Province Diamonds Inc.) in raising much-needed exploration funding for its diamond-hunting efforts in Canada’s Northwest Territories. Due to the volatility of the diamond space in that period and due to the seasonality window for drilling, the shares traded between CA$0.38 and $0.70 over a two-year time frame right up until drilling started in February of 1995. By the time the drilling program started, my customers were completely fed up with what had become a grueling exercise in Chinese water torture with every rally to $0.70 getting sold despite a booming diamond sector and relatively good indicator mineral analysis from the field. It was so bad that I was almost hiding under tables when people I knew entered restaurants notwithstanding the vast assortment of fake-nose-and-moustache accessories I carried in my briefcase.

In early March of 1995, I was trying to shepherd three young kids out of the Suburban into the local grocery store (with great difficulty) when my 15-lb. Motorola cell phone began ringing and since you needed a crowbar to lift the contraption and a hammer to activate the “TALK” button, I was laboring mightily as I tried desperately to avoid losing hold of my precocious two-year-old daughter who decided that she would rather pet a large and very menacing German Shepherd rather than be seated in the shopping cart.

I was finally able to answer at which point the voice of one of the early promoters of the deal boomed out of the speaker “We have KIMBERLITE!” (the host rock for diamond deposits in the NWT) and expecting that my poor customers would finally be rewarded and my fake nose collection thrown into the fireplace, I waited with bated breath and unbridled anticipation for the Monday morning opening of trading. The shares had closed at $0.65 the prior Friday and since every other diamond explorer had seen huge advances after announcing a kimberlite discovery, I was horrified when it opened lower and closed out the session at a 20% loss. It seemed that investors were no longer falling for the “old kimberlite game” and had instead determined that kimberlite alone was not enough to kindle the flames of greed amongst the junior mining speculators. They were demanding proof of diamonds so three weeks later when the company announced the recovery of diamonds in the sample, the shares finally spiked out and through $1.00 only to fade again back into the low $0.70s until that fateful day when the first decent sample came back and blew the doors off the market with grades exceeding 3.0 carats/tonne (unheard of at the time) sending the stock straight north for most of 1995 and 1996 peaking at $9.75 in late 1996.

As I look back upon that period, I cannot tell you how many times my knees buckled after taking verbal abuse from customers and competitors but the worst part of it was the group that sold all of their stock at breakeven or modest profits that could only mumble incoherently something about “I shudda listened to you instead of my <Insert guilty party>.” As I reflect back upon that experience, I recall constantly revisiting the geochemical and geophysical data in order to reinforce my conviction in the potential for a major discovery. I learned a valuable lesson in that experience: it is infinitely better to stick to one’s convictions and leave the short-term “noise” in the waste bin.

Moving right along in the category of “tedious familiarity,” amidst a cavalcade of emails and texts and voice calls, I wore myself out this week trying to explain why my favorite junior developer, Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB), could possibly trade at a USD$32.8-million-dollar (undiluted) market cap when drill results reported this week were nothing short of “world class.”

Getchell GoldNow, it is imperative that this not be misconstrued as “book-pumping” exercise (even though it probably is) because the point I am trying to make is simply this: I am thoroughly disgusted with the state of current financial markets and their inability to allow “true price discovery” to manifest itself in literally every market I follow. We just went through yet another record-setting option expiry Friday and once again, everybody got it totally wrong. There we no crashes; there were no “silver to $50!”; there was calm and resolve and adherence to order as has been the continuous directive of the global central bank brethren since the Dawn of Debasement in 1971.

However, despite being inundated with “a feeling of having already experienced the present situation,” it was a thoroughly rewarding week as gold and the gold miner ETFs experienced minor pullbacks into the strong USD environment. Indeed, after such a torrid advance off the early November raid, it is important to remember that gold was up over $200 from the August lows at $1,678 before succumbing to profit-taking. The Junior Miner ETF (GDXJ:US) tacked on over 30% in five weeks so while that déjà vu sense of aggressive price-capping looms large, the junior gold producers have had a blistering run, which bodes well for the junior developers for a year-end run.

GoldOne of the biggest selling opportunities of the last year was the one commodity that absolutely dominates the current inflation narrative and that commodity is crude oil. Through most of the summer months, the blogosphere was bombarded with the “underinvestment” and “supply shock” excuses for the inevitable $100-150/bbl. price for West Texas Intermediate Crude taking the junior oils on a 1970s-style spike along with the Energy Select SPDR ETF that saw the RSI for crude stay above 70 (overbought) for the entire month of October.

oilWhat puts a few tremors into the outlook for 2022 is that at the point where Fed tapering goes into full regalia, they might be doing so in an environment of declining energy costs, which might be function of reduced (or eliminated) stimulus cheques along with further Asian weakness and the Chinese try to cool out their Ponzi-fied real estate and capital markets.

One way or the other, investors should feel great solace in their precious metals holdings. They have been treated like roadkill for most of 2021 and have only stuck their heads above the low-lying cloud cover so once the current overbought condition abates, I see a possibility for new all-time highs early in 2022 with a remote possibility of a December pop getting it done.

As the title of this missive would imply, current conditions for the metals and the miners is reminiscent of December 2015, albeit the period of 2011-2015 was notoriously worse than the period of August 2020-October 2021. The current degree of valuation compression for the mining sector represent one of the truly extraordinary buying opportunities for investors seeking rational measures of operating performance and upside potential.

In sum, “Buy ‘em”…

Originally published Nov. 19, 2021.

Follow Michael Ballanger on Twitter @MiningJunkie. He is the Editor and Publisher of The GGM Advisory Service and can be contacted at [email protected] for subscription information.

Originally trained during the inflationary 1970s, Michael Ballanger is a graduate of Saint Louis University where he earned a Bachelor of Science in finance and a Bachelor of Art in marketing before completing post-graduate work at the Wharton School of Finance. With more than 30 years of experience as a junior mining and exploration specialist, as well as a solid background in corporate finance, Ballanger’s adherence to the concept of “Hard Assets” allows him to focus the practice on selecting opportunities in the global resource sector with emphasis on the precious metals exploration and development sector. Ballanger takes great pleasure in visiting mineral properties around the globe in the never-ending hunt for early-stage opportunities.

Disclosures:
1) Michael J. Ballanger: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: Getchell Gold. My company has a financial relationship with the following companies referred to in this article: Getchell Gold. I determined which companies would be included in this article based on my research and understanding of the sector. Additional 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) own securities of Getchell Gold, a company mentioned in this article.

Michael Ballanger Disclaimer

This article makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. 

Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

Lithium Developer in Argentina Begins Work on New Undrilled Project

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.

 

This Microcap With Gold-Silver Assets Is a Buy

Source: Streetwise Reports   11/18/2021

Microcap gold stocks offer investors exposure to gold’s upside in an inflationary environment while providing a bit of fun as your position rides the waves of investor confidence. An expert analyst has made Inomin Mines Inc. his latest pick. As long as you can stomach the risk, the ride could pay off with much more than what you put into it.

Lynx nickel project in British Columbia Inomin

With inflation settling in for at least the foreseeable future, perhaps you’re looking to expose your portfolio to gold’s inevitable upside in an inflationary environment. There are lots of ways to do that: gold ETFs, mutual funds, major and mid-tier gold producers, even physical gold. But none of those options offer investors the fun factor—and some of that fun, admittedly, goes hand in hand with the risk—of microcap gold stocks.

But if that microcap has decent fundamentals attractive projects, proven management, and enough news flow to keep retail investors interested, then the risk becomes more manageable and the fun factor increases considerably, especially the potential for extraordinary capital appreciation.

If you’re seeking that kind of fun, at about $0.10 per share, Inomin Mines Inc. (MINE:TSX.V; IMC:FRA) may be worth a look.

Founder and editor of Struthers’ Resource Stock Report , Ron Struthers just issued a new buy recommendation for Inomin.

This plucky microcap has no less than three projects with considerable potential to delineate substantial resources: the advanced-stage La Gitana gold-silver project in Oaxaca State, Mexico; the nearby Pena Blanca gold-silver project; and the Beaver–Lynx nickel-cobalt property in British Columbia.

Nickel-cobalt? What?

Hold your horses.

Beaver and Lynx are the first considerable properties that Inomin brought into the fold. These two properties (recently merged into one large 20,000 hectare property) are in south-central B.C., an established mining jurisdiction with paved roads and plenty of super-clean hydroelectricity.

One drill hole by a previous operator hit an interval of 21.2 meters running 0.28% nickel and 0.012% cobalt at about 40 ft. below surface. Another hole intersected a long 107 meter interval grading 0.18% nickel and 0.01% cobalt.  All 25 drill holes hit relatively consistent grades at shallow depths, meaning the deposits could one day be mined via open pit methods — if the economics add up.

And the acquisition cost was, well, cheap.

How cheap?

“Basically, the cost of staking, which is minimal,” explains John Gomez, president and CEO of Inomin.  “I wanted to get both properties because I desired exposure to the battery metals sectors.”

Yes, battery metals. The only kind of mined commodities that COP26 delegates get excited about. Nickel use in electric vehicle batteries currently represents about 4% of the nickel market, but that is expected to grow to 31% by 2026.

The global shift to electric vehicles and decarbonisation means the world will need a lot more nickel. BHP expects nickel demand to surge four-fold in the next 30 years. Source: https://www.reuters.com/business/sustainable-business/global-need-copper-nickel-will-multiply-over-next-30-years-bhp-2021-11-17/

Gomez believes the sulphide nature of the nickel mineralization found at Beaver and Lynx will garner more interest from potential partners given that sulphide nickel, also known as Class 1 nickel, is the preferred type of nickel for lithium-ion batteries. He’s already signed confidentiality agreements with multiple parties.

“I’ve had discussions with a few groups over the past six months. A lot of people are watching what we’re doing and have expressed an interest. They want to see us advance the project,” Gomez says. “Everywhere the previous operator drilled at Beaver property they found nickel with cobalt.”

Inomin has been drill testing a considerable 6 km long area at Beaver to determine the extent of nickel-cobalt mineralization on the eastern side of the property. In a Nov. 15 news release, Inomin announced the intersection of long intervals of favorable mineralization that ranged up to 190 meters in thickness.

With these favorable results, Inomin could bring in a partner to help fund further exploration and development, or spin its nickel-cobalt assets into a new company.

“We’re open to both options, obviously. Both scenarios would be good for our company and our shareholders,” Gomez says.

The next step is to evaluate the drill results, samples of which have already been sent for testing. Results are currently pending.

Inomin has yet to drill at Lynx, which is about 10 km south of Beaver. This sizable area – roughly 12,000 hectares – is geologically similar to Beaver with multiple, large 2  to 3 km long nickel targets.

But what about the gold? Glad you finally asked.

La Gitana is a low-sulphidation gold-silver epithermal system. Thirty-eight holes were drilled into the Cerro Di Oro target at La Gitana by its previous owners, Chesapeake Gold (CKG:TSX.V) and Goldcorp [since consumed by Newmont (NEM:NYSE; NMC:TSX)]. Drilling outlined a mineralized zone about 500 meters long by 300 meters wide, with depths ranging from 50 to 300 meters.

The best drill intercept was an impressive 133.5 meters grading 1.78 grams per tonne gold and 100.7 grams per tonne silver (1.78 g/t gold and 100.7 g/t silver). Mineralization remains open along strike, laterally, and at depth.

What’s more, La Gitana is not far from Gold Resource’s (GORO:NYSE) Arista and Mirador gold-silver mines, as well as Fortuna Silver Mines’ (FSM:NYSE) San Jose gold-silver mine. All three mines are situated in the prolific Oaxaca gold-silver belt.

“I have relationships with certain key individuals of both companies,” Gomez tells Streetwise. “Both of those companies are aware of what we’re doing, and they’re very interested in our projects.”

A technical report filed on La Gitana reads: “Using the existing information and results of the core drilling carried out in the Cerro Di Oro zone by Chesapeake Gold Corp., it is recommended to initiate a resource estimation.” Inomin plans to compile a resource estimate on La Gitana once it finishes a drill program. The resource should be published by the end of next year.

Pena Blanca, meanwhile, is situated about 15 km northwest of La Gitana. It’s an epithermal gold-silver system discovered by Chesapeake in 2005. Chesapeake mapped and sampled only about 1 sq. km of the large 9 sq. km of hydrothermal alteration at Pena Blanca, with some promising results.

Trenching from an outcrop on the NW zone includes 23.5 meters of 2.26 g/t gold and 178 g/t silver.

Inomin acquired its 100% interest in La Gitana and Pena Blanca from Gunpoint Exploration (GUN:TSX.V) in exchange for 1 million shares, $25,000 cash, and a 1.5% net smelter return royalty (NSR) payable to Gunpoint on Pena Blanca. Inomin assumed an existing 3% NSR on La Gitana.

Inomin’s board is strong for a company with a $3M market cap. Gomez started a gold company in Colombia and has been involved with a few publicly listed juniors, including Fjordland Exploration, and earlier Mar-West Resources that discovered a gold deposit in Honduras and was subsequently acquired by a major gold company.

Directors John Peters and Bill Yeomans are both geologists who have spent more than 30 years working on gold projects throughout the world, while the junior’s advisory panel consists of veteran geologists Victor Jaramillo and Bruce Winfield. Management and insiders own about 18% of the company.

Inomin recently raised $400,000 in a non-brokered private placement of roughly 5.3 million shares at 7.5¢ each. It has enough cash to complete its current exploration work.

The junior has about 41 million shares outstanding fully diluted and trades in a 52-week range of $0.06 to $0.23.

DISCLOSURES

1) Brian Sylvester 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 and 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: Inomin Mines Inc. 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.

Cover photo: Lynx nickel project in British Columbia. (Image courtesy of Inomin Mines).

Silver Speculator Bets rise 5th time in 6 weeks to most bullish point since June

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday November 16th 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT Metals data this week is the recent increase in Silver speculator positions. Bullish bets by speculators in favor of Silver rose this week for a second straight week and have now climbed for five out of the past six weeks (adding a total of 29,246 contracts to the net standing). This bullishness has pushed the overall speculative net position in Silver over the +45,000 net contract threshold and to its highest level of the past twenty-two weeks, dating back to June 15th when the net position totaled 52,064 contracts.


Data Snapshot of Commodity Market Traders | Columns Legend
Nov-16-2021 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 2,057,633 18 415,785 44 -470,324 41 54,539 92
Gold 612,612 54 259,780 73 -287,539 27 27,759 48
Silver 152,404 18 45,625 68 -66,148 34 20,523 61
Copper 208,066 32 20,337 57 -30,805 38 10,468 86
Palladium 11,840 24 -2,038 7 1,976 91 62 48
Platinum 62,284 26 21,013 33 -28,225 69 7,212 63
Natural Gas 1,308,708 45 -144,620 35 98,415 62 46,205 96
Brent 199,930 39 -12,900 98 7,412 0 5,488 94
Heating Oil 380,887 26 17,029 67 -37,010 32 19,981 68
Soybeans 662,972 13 46,917 42 -4,927 65 -41,990 2
Corn 1,598,926 38 399,186 81 -340,672 23 -58,514 9
Coffee 286,343 48 66,081 97 -70,075 5 3,994 16
Sugar 906,385 21 227,389 83 -276,185 16 48,796 68
Wheat 427,786 49 36,761 78 -27,999 14 -8,762 60

 


Gold Comex Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe Gold Comex Futures large speculator standing this week recorded a net position of 259,780 contracts in the data reported through Tuesday. This was a weekly boost of 9,599 contracts from the previous week which had a total of 250,181 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.3 percent. The commercials are Bearish with a score of 26.5 percent and the small traders (not shown in chart) are Bearish with a score of 48.0 percent.

Gold Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 58.9 20.5 8.5
– Percent of Open Interest Shorts: 16.4 67.5 4.0
– Net Position: 259,780 -287,539 27,759
– Gross Longs: 360,529 125,758 52,054
– Gross Shorts: 100,749 413,297 24,295
– Long to Short Ratio: 3.6 to 1 0.3 to 1 2.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 73.3 26.5 48.0
– COT Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 21.9 -22.7 17.2

 


Silver Comex Futures:

2-Year Treasury Bonds Futures COT ChartThe Silver Comex Futures large speculator standing this week recorded a net position of 45,625 contracts in the data reported through Tuesday. This was a weekly rise of 8,710 contracts from the previous week which had a total of 36,915 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 67.8 percent. The commercials are Bearish with a score of 34.0 percent and the small traders (not shown in chart) are Bullish with a score of 61.0 percent.

Silver Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 48.5 26.9 20.7
– Percent of Open Interest Shorts: 18.6 70.3 7.3
– Net Position: 45,625 -66,148 20,523
– Gross Longs: 73,944 40,998 31,619
– Gross Shorts: 28,319 107,146 11,096
– Long to Short Ratio: 2.6 to 1 0.4 to 1 2.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 67.8 34.0 61.0
– COT Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 29.2 -37.7 55.1

 


Copper Grade #1 Futures:

5-Year Treasury Bonds Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week recorded a net position of 20,337 contracts in the data reported through Tuesday. This was a weekly lowering of -2,452 contracts from the previous week which had a total of 22,789 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.0 percent. The commercials are Bearish with a score of 38.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 85.8 percent.

Copper Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 39.2 38.4 10.3
– Percent of Open Interest Shorts: 29.4 53.2 5.3
– Net Position: 20,337 -30,805 10,468
– Gross Longs: 81,599 79,856 21,469
– Gross Shorts: 61,262 110,661 11,001
– Long to Short Ratio: 1.3 to 1 0.7 to 1 2.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 57.0 38.3 85.8
– COT Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 4.3 -8.2 34.5

 


Platinum Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe Platinum Futures large speculator standing this week recorded a net position of 21,013 contracts in the data reported through Tuesday. This was a weekly boost of 3,383 contracts from the previous week which had a total of 17,630 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 32.7 percent. The commercials are Bullish with a score of 68.7 percent and the small traders (not shown in chart) are Bullish with a score of 62.7 percent.

Platinum Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 53.4 25.1 15.5
– Percent of Open Interest Shorts: 19.7 70.5 3.9
– Net Position: 21,013 -28,225 7,212
– Gross Longs: 33,266 15,658 9,668
– Gross Shorts: 12,253 43,883 2,456
– Long to Short Ratio: 2.7 to 1 0.4 to 1 3.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 32.7 68.7 62.7
– COT Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 22.4 -25.5 32.5

 


Palladium Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Palladium Futures large speculator standing this week recorded a net position of -2,038 contracts in the data reported through Tuesday. This was a weekly rise of 916 contracts from the previous week which had a total of -2,954 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 7.4 percent. The commercials are Bullish-Extreme with a score of 91.3 percent and the small traders (not shown in chart) are Bearish with a score of 48.3 percent.

Palladium Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 26.3 47.8 11.8
– Percent of Open Interest Shorts: 43.5 31.1 11.3
– Net Position: -2,038 1,976 62
– Gross Longs: 3,108 5,656 1,400
– Gross Shorts: 5,146 3,680 1,338
– Long to Short Ratio: 0.6 to 1 1.5 to 1 1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 7.4 91.3 48.3
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 6.5 -8.1 20.1

 


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*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.