Copper

Independent Proxy Advisory Firms, ISS and Glass Lewis, Support Hudbay’s Plan of Arrangement with Copper Mountain and Recommend Shareholders Vote “FOR”

Retrieved on: 
Friday, June 2, 2023

Both ISS and Glass Lewis are leading independent proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds, and other institutional shareholders.

Key Points: 
  • Both ISS and Glass Lewis are leading independent proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds, and other institutional shareholders.
  • The recommendations are consistent for both Hudbay and Copper Mountain resolutions in connection with their respective special meetings of shareholders scheduled to be held on June 13, 2023.
  • Under the Transaction, each Copper Mountain shareholder (other than any dissenting Copper Mountain shareholders) will receive 0.381 of a Hudbay share for each Copper Mountain share or Copper Mountain CDI held.
  • If the Transaction is completed, Copper Mountain will become a wholly-owned subsidiary of Hudbay.

Clean Air Metals Announces Management Changes

Retrieved on: 
Friday, June 2, 2023

Mr. Jim Gallagher, who has served as Executive Chair since Clean Air Metals began to trade on the TSX Venture Exchange in early 2020 will assume the role of CEO on an interim basis while retaining the Executive Chair role.

Key Points: 
  • Mr. Jim Gallagher, who has served as Executive Chair since Clean Air Metals began to trade on the TSX Venture Exchange in early 2020 will assume the role of CEO on an interim basis while retaining the Executive Chair role.
  • Mr. Gallagher is a mining engineer and experienced executive who most recently was CEO of North American Palladium with its single asset being the Lac des Iles Palladium mine located approximately 90 km north of Clean Air Metals' Thunder Bay North Critical Minerals Project.
  • All 4 of these potentially payable metals are defined as Critical Metals by both the Provincial and Federal Governments.
  • Clean Air Metals is committed to stewarding Indigenous heritage and remains committed to building, fostering and encouraging a respectful relationship with First Nations and Métis peoples based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation.

Lumina Gold Announces Filing of NI 43-101 Pre-Feasibility Study Technical Report

Retrieved on: 
Thursday, June 1, 2023

VANCOUVER, BC, June 1, 2023 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or "Lumina") is pleased to announce that the Company has filed on SEDAR an independent technical report (the "Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the results of a Pre-Feasibility Study ("PFS") for the development of its Cangrejos gold-copper project located in southwest, Ecuador (the "Project" or "Cangrejos").

Key Points: 
  • VANCOUVER, BC, June 1, 2023 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or "Lumina") is pleased to announce that the Company has filed on SEDAR an independent technical report (the "Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the results of a Pre-Feasibility Study ("PFS") for the development of its Cangrejos gold-copper project located in southwest, Ecuador (the "Project" or "Cangrejos").
  • The results of the PFS were previously reported in the Company's news release dated April 17, 2023, and there are no material differences in the Report from those results.
  • The effective date of the Report is April 7, 2023.
  • The scientific and technical information contained in this news release has been reviewed and approved by Leo Hathaway, P.Geo., Senior Vice President of Lumina, who Is a Qualified Person as defined by NI 43-101.

Harry Oppenheimer biography shows the South African mining magnate’s hand in economic policies

Retrieved on: 
Friday, June 2, 2023

Based on a remarkable depth of research, it is written in an elegant style which makes for a delightfully easy read.

Key Points: 
  • Based on a remarkable depth of research, it is written in an elegant style which makes for a delightfully easy read.
  • It is rendered the more impressive by the author’s deep conversance with the debates over the relationships between mining capital, Afrikaner nationalism and apartheid.
  • Cardo’s reckoning is that Oppenheimer transcended his country’s parochial political arena to become a significant figure on the world stage.

The man behind the money

    • Yet Oppenheimer emerges from this study not as a “malevolent monster” (p.1) but as a personally likeable individual, intensely loyal to his friends.
    • One who was highly cultured and sophisticated, with a deep love of art, literature, old books and antiques for their own sake, rather than for opulent display.
    • His devotion to his Anglican faith was deep and real, underlying his perhaps too-convenient conviction that wealth and power could be combined with “doing good”.
    • His father, Ernest, was the founder of the Oppenheimer empire, but Harry would become its consolidator (p.18).

The conservative liberal

    • He served as the party’s financial spokesman and was touted as a future leader.
    • Later, when liberals formed the Progressive Party, he lent them his firm support.
    • Cardo characterises Oppenheimer’s liberalism as “pragmatic”, opposing the idea of a universal franchise.
    • Regarding himself heir to British colonialist and businessman Cecil Rhodes, he deplored the threat to civilisation represented by “primitive tribesmen”.

The influential magnate

    • He exercised all the soft power at his disposal, through Anglo and his personal contacts with politicians locally and internationally.
    • His advice to prime minister and president PW Botha to inaugurate multiracial negotiations was ignored.
    • But when Botha’s notorious “Rubicon” speech in August 1985 prompted a massive outflow of capital, he urged US companies to resist the disinvestment drive.
    • All these efforts were capped by Gavin Relly, who had succeeded Oppenheimer as chairman of Anglo, meeting with the ANC in exile.
    • Oppenheimer and Anglo now reached out to leading figures in the ANC to reshape their ideas on the economy.
    • This book does not offer a radical re-interpretation of either the Oppenheimers or the Anglo-American empire.

Royal Road and MSB Holdings Enter into Joint Venture Shareholders Agreement for Mineral Exploration

Retrieved on: 
Thursday, June 1, 2023

In February of this year, Royal Road and MSB entered into a Strategic Alliance Agreement and Non-Binding Letter of Intent with respect to copper, gold and other metals exploration in the Kingdom of Saudi Arabia (see Press Release February 9, 2023).

Key Points: 
  • In February of this year, Royal Road and MSB entered into a Strategic Alliance Agreement and Non-Binding Letter of Intent with respect to copper, gold and other metals exploration in the Kingdom of Saudi Arabia (see Press Release February 9, 2023).
  • The Strategic Alliance Agreement has led to the development of an exploration decision-support-system, the generation of priority target areas and an initial 12-month work program and budget for exploration operations in KSA.
  • Summary terms of the Agreement, subject to regulatory approval, are as follows:
    Whilst each Party holds 50 percent of the issued shares of JVCO, the Board of JVCO shall be made up of an equal number of Directors appointed by Royal Road and MSB.
  • Forward-looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company's exploration plans.

Liberty Gold Reports on Progress at the Goldstrike Oxide Gold Project, Utah

Retrieved on: 
Thursday, June 1, 2023

VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to provide a progress update on activities related to process water supply, lands exchange and assessing gold recovery potential from the historic leach pads at its Goldstrike Oxide Gold Project (“Goldstrike”) in southwestern Utah.

Key Points: 
  • VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to provide a progress update on activities related to process water supply, lands exchange and assessing gold recovery potential from the historic leach pads at its Goldstrike Oxide Gold Project (“Goldstrike”) in southwestern Utah.
  • Test results herein indicate that a portion of this gold could be amenable to extraction using conventional heap leaching.
  • Jason Attew, President and CEO for Liberty Gold said, “Since announcing the results of the Sonic drill program last August, we have made significant progress at our Goldstrike Project.
  • Recent metallurgical test results indicate that the historically mined ore, which contains residual oxide gold, performs well under conventional oxide heap leach conditions.

Collective Metals Mobilizes Field Crew to Princeton Project in Southeastern British Columbia

Retrieved on: 
Thursday, June 1, 2023

VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | FSE: TO1 ) (the “Company” or “Collective”), is pleased to announce the mobilization of its field crew to commence exploration activities at the Princeton Project (the “Project”).

Key Points: 
  • VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | FSE: TO1 ) (the “Company” or “Collective”), is pleased to announce the mobilization of its field crew to commence exploration activities at the Princeton Project (the “Project”).
  • Initial exploration will consist of initial orientation on the property, comprising 70,570 acres west to southwest of Princeton (see Fig.
  • Christopher Huggins, Chief Executive Officer of Collective, commented, “With the potential the Princeton Project presents, the team is excited to get the 2023 exploration program underway, as we believe the Project presents a significant opportunity for the Company and its stakeholders.
  • Geo., who is acting as the Company’s Qualified Person for the Princeton Property project, in accordance with regulations under NI 43-101.

Vital Battery Metals Inc. Commences Sting Copper Project Work Program

Retrieved on: 
Thursday, June 1, 2023

VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- Vital Battery Metals Inc. (“Vital” or the “Company”) (CSE: VBAM | OTC: VBAMF | FRA: C0O) is pleased to announce, in partnership with Coast Mountain Geological Ltd. (“CMG”), that it has commenced its summer Exploration Program (the “Program”) at its Sting Copper Project in northwestern Newfoundland.

Key Points: 
  • VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- Vital Battery Metals Inc. (“Vital” or the “Company”) (CSE: VBAM | OTC: VBAMF | FRA: C0O) is pleased to announce, in partnership with Coast Mountain Geological Ltd. (“CMG”), that it has commenced its summer Exploration Program (the “Program”) at its Sting Copper Project in northwestern Newfoundland.
  • Vital is targeting high grade copper and precious metals in western Newfoundland on its Sting Copper Project.
  • The current work Program is designed to follow-up from the previous encouraging results and to expand known mineralized zones.
  • The qualified person has not verified the information on the York Harbour Mine and the information disclosed is not necessarily indicative of mineralization on the Sting Copper Project.

Coherent Introduces New HIGHmotion 2D Laser Processing Head Optimized for Deep Copper Welds Over Wide Working Areas in EV Applications

Retrieved on: 
Thursday, June 1, 2023

PITTSBURGH, June 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in advanced laser processing solutions, today introduced its new HIGHmotion 2D laser processing head that is rated for 8 kW beam delivery and which has been optimized for deep copper welds over wide working areas in electric vehicle (EV) manufacturing applications.

Key Points: 
  • PITTSBURGH, June 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in advanced laser processing solutions, today introduced its new HIGHmotion 2D laser processing head that is rated for 8 kW beam delivery and which has been optimized for deep copper welds over wide working areas in electric vehicle (EV) manufacturing applications.
  • The HIGHmotion 2D is ideal in applications where processing heads need to move quickly around the workpiece to complete several welding tasks.
  • “The field-proven HIGHmotion 2D laser processing heads and the HighLight FL-ARM lasers are independently best-in-class products.
  • At these conferences, Coherent will showcase the most recent additions to its broad portfolio of differentiated solutions for materials processing.