Feasibility study

Lithium Ionic Announces Binding Term Sheet for US$20 Million Royalty Financing with Appian

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torsdag, maj 30, 2024

Lithium, Bandeira, Documentation, Mining, BMO Capital Markets, IRR, Royalty, LTH, Feasibility study, Music

TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”), is pleased to announce that it has executed a binding term sheet (the “Term Sheet”) with Appian Capital Advisory LLP (“Appian”) to sell a 2.25% gross revenue royalty on its Bandeira Deposit in exchange for an upfront cash consideration of US$20,000,000 (the “Royalty”).

Key Points:

TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”), is pleased to announce that it has executed a binding term sheet (the “Term Sheet”) with Appian Capital Advisory LLP (“Appian”) to sell a 2.25% gross revenue royalty on its Bandeira Deposit in exchange for an upfront cash consideration of US$20,000,000 (the “Royalty”).
Appian is an investment advisor to long-term, value-focused private capital funds that invest solely in mining and mining-related companies.
Lithium Ionic intends to use the proceeds of the Royalty to further advance the development and construction of its world-class Bandeira Lithium Project (“Bandeira” or the “Project”), located within the Lithium Valley in Minas Gerais State, Brazil.
The Lithium Valley is a unique geological belt that hosts a significant concentration of lithium-bearing pegmatites and has emerged as a globally significant lithium production center.

Lithium Ionic Announces Feasibility Study Results for the Bandeira Lithium Project, Minas Gerais, Brazil

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onsdag, maj 29, 2024

TORONTO, May 29, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce the results of a Feasibility Study (“FS” or “Study”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. The Bandeira claims span 157 hectares, which represents only about 1% of Lithium Ionic’s extensive 14,182-hectare land package in Brazil’s 'Lithium Valley', a region of global significance for hard-rock lithium production.

Key Points:

To convert percentage lithium (Li) to percentage lithium oxide (Li2O), multiply by 2.153; to convert Li to lithium carbonate (Li2CO3), multiply by 5.323.
Lithium Ionic is committed to progressing the Bandeira Project towards production, aiming to become a leading lithium producer in Brazil’s Lithium Valley.
The Feasibility Study considers Mineral Resources categorized as Measured and Indicated, converting 71% into Mineral Reserves.
The affiliation and areas of responsibility for each QP involved in preparing the Bandeira FS are provided below.

Rupert Resources Reports Audited Financial Results for the Twelve Months Ending February 29, 2024

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onsdag, maj 29, 2024

Mining, Minerals, Natural Resources, EIA, Sedar, Risk, Analysis, CLGB, Conversation, Environmental impact assessment, Calendar, PFS, MRE, Feasibility study

Rupert Resources Ltd (“Rupert” or the “Company”) announces that it has published its audited financial results for the twelve months ending February 29, 2024 and accompanying Management’s Discussion and Analysis for the same period.

Key Points:

Rupert Resources Ltd (“Rupert” or the “Company”) announces that it has published its audited financial results for the twelve months ending February 29, 2024 and accompanying Management’s Discussion and Analysis for the same period.
During the 12 months ending February 29, 2024, the Company spent $31,520,382 (twelve months ended February 28, 2023 - $29,078,639) on general exploration costs and purchase of property, plant and equipment.
As of February 29, 2024, Rupert held cash or cash equivalents of $36,829,838.
We are excited by the satellite potential presented by Heina South and the high grade infill drill results reported from Ikkari in May 2024.

Lithium Ionic Files NI 43-101 Technical Report for the Bandeira Lithium Project Mineral Resource Estimate, Minas Gerais, Brazil

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måndag, maj 27, 2024

Lithium, Bandeira, Inference, Technical report, Mineral Resources Limited, QP, National instrument, Technical, LTH, MRE, Feasibility study, Project, Rare-earth element

TORONTO, May 27, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) reports that it has filed the independent NI 43-101 compliant technical report for its Bandeira Lithium Project (“Bandeira” or the “Project”) in Minas Gerais State, Brazil, related to the updated Mineral Resource Estimate (“MRE”) for the Project announced on April 12, 2024.

Key Points:

TORONTO, May 27, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) reports that it has filed the independent NI 43-101 compliant technical report for its Bandeira Lithium Project (“Bandeira” or the “Project”) in Minas Gerais State, Brazil, related to the updated Mineral Resource Estimate (“MRE”) for the Project announced on April 12, 2024.
The Technical Report, titled “NI 43-101 Technical Report – Mineral Resource Update on Bandeira Project, Araçuaí and Itinga, Minas Gerais State, Brazil” was prepared by GE21 Consultoria Mineral Ltda.
(“GE21”) in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and has an effective date of March 5, 2024.
* See NI 43-101 compliant technical report related to the Bandeira Bandeira MRE titled “NI 43-101 Technical Report – Mineral Resource Update on Bandeira Project, Araçuaí and Itinga, Minas Gerais State, Brazil” (effective date of March 5, 2024; QP: Leonardo Soares of GE21); See NI 43-101 compliant technical report related to the Salinas MRE titled “Independent Technical Report on Mineral Resources Estimate” (effective date of January 4, 2024; QP: Leonardo Soares, P.Geo., M.Sc., of GE21); and the NI 43-101 compliant technical reports related to the Outro Lado deposit titled “Mineral Resource Estimate for Lithium Ionic, Itinga Project” (effective date of June 24, 2023; authored by Maxime Dupéré, B.

Atico Reports Consolidated Financial Results for First Quarter of 2024

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tisdag, maj 21, 2024

Copper, Gold, Probability, News, Technical report, National instrument, Silver, VMS, Government, Feasibility study, Zinc, Mining

Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.

Key Points:

Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.
A full NI 43-101 technical report will be available on SEDAR on or before June 14, 2024.
For more information on the reserves estimate refer to the Company’s press release dated April 30, 2024 which can be found on SEDAR and on the Company’s website.
In January 2024, the Company announced that the Government of Ecuador authorized the extension period for the La Plata mining concession until 2049.

Discovery Reports First Quarter 2024 Financial Results

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onsdag, maj 15, 2024

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced financial results for the three months ended March 31, 2024 (“Q1 2024”).

Key Points:

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced financial results for the three months ended March 31, 2024 (“Q1 2024”).
The Study results clearly establish Cordero as one of the world’s largest silver development projects both in terms of reserves and estimated production.
Feasibility Study: Results of the Feasibility Study for Cordero were released on February 20, 2024.
The following selected financial data is summarized from the Company’s unaudited condensed interim consolidated financial statements and related notes thereto (the “Financial Statements”) and the Management’s Discussion and Analysis (“MD&A”) for the quarter ended March 31, 2024.

Fortune Minerals Announces U.S. Government Funding to Accelerate the NICO Critical Minerals Project Development

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torsdag, maj 16, 2024

This non-dilutive source of capital will allow Fortune to advance the vertically integrated NICO cobalt-gold-bismuth-copper development asset in Canada (“NICO Project”) toward a project construction decision.

Key Points:

This non-dilutive source of capital will allow Fortune to advance the vertically integrated NICO cobalt-gold-bismuth-copper development asset in Canada (“NICO Project”) toward a project construction decision.
Fortune has been awarded DoD funding to complete work in four focus areas needed to advance the NICO Project to a project finance decision:
Metallurgical tests to optimize the Alberta Refinery site hydrometallurgical processes.
Secure the remaining authorizations and preparation of management plans for construction and operation of the NICO mine and concentrator in the NWT.
Robin Goad, President and CEO of Fortune Minerals commented, “It has been difficult attracting investment funding for essential Critical Minerals projects in traditional capital markets.

Fortune Minerals Announces Government of Canada Funding for the NICO Critical Minerals Project

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torsdag, maj 16, 2024

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce that it has secured additional funding from the Government of Canada to help advance the Company’s 100%-owned, vertically integrated NICO cobalt-gold-bismuth-copper Critical Minerals asset in Canada (“NICO Project”).

Key Points:

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce that it has secured additional funding from the Government of Canada to help advance the Company’s 100%-owned, vertically integrated NICO cobalt-gold-bismuth-copper Critical Minerals asset in Canada (“NICO Project”).
Natural Resources Canada (“NRCan”) is the funding department for the GPI and Fortune will provide additional due-diligence information and complete a Contribution Agreement over the next few weeks.
The total amount of non-dilutive funding that Fortune expects to receive from the U.S. and Canadian governments is approximately C$16.2 million.
The GPI will support, enhance and promote Canada’s international leadership in Critical Minerals, in collaboration with international partners.

Lifezone Metals Provides an Update on Operations and Unaudited Q1 2024 Financial Summary

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måndag, maj 13, 2024

Lifezone Metals Limited’s (NYSE: LZM) Chief Executive Officer, Chris Showalter, and Chief Financial Officer, Ingo Hofmaier, are pleased to provide an overview of Lifezone’s achievements during the past quarter and the Q1 2024 unaudited financial summary.

Key Points:

Lifezone Metals Limited’s (NYSE: LZM) Chief Executive Officer, Chris Showalter, and Chief Financial Officer, Ingo Hofmaier, are pleased to provide an overview of Lifezone’s achievements during the past quarter and the Q1 2024 unaudited financial summary.
Basic and diluted loss per share of $0.05 for Q1 2024, compared to basic and diluted loss per share of $0.10 in Q1 2023.
Building on the November 2023 Mineral Resource Update, Lifezone announced during Q1 2024 the discovery of additional high-grade nickel mineralization at the Safari Link Area at Kabanga.
Table 1: Summary of condensed profit and loss for the three months ended March 31, 2024 and 2023, respectively.

GOLD ROYALTY REPORTS FIRST QUARTER 2024 RESULTS; RECORD REVENUE DRIVES POSITIVE OPERATING CASH FLOW

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tisdag, maj 14, 2024

Record quarterly revenue was driven by the first full quarter of revenue from the recently acquired interests in the Borborema project, royalty payments under the recently acquired Cozamin royalty interest and increased revenue from Canadian Malartic and land agreement proceeds.

Key Points:

Record quarterly revenue was driven by the first full quarter of revenue from the recently acquired interests in the Borborema project, royalty payments under the recently acquired Cozamin royalty interest and increased revenue from Canadian Malartic and land agreement proceeds.
Cash Operating Expenses decreased by 10% to $2.3 million from $2.5 million in the same period of 2023.
On April 25, 2024, Agnico Eagle announced its first quarter 2024 results, including an update that construction at the Odyssey mine is progressing well.
Our Royalty Generator Model continues to generate positive results with one new royalty added in the three months ended March 31, 2024.