Nickel

Karora Delivers Record Revenue of $264 Million and Cash Flow Provided by Operating Activities of $106 Million in 2021

Retrieved on: 
Monday, March 14, 2022

Net earnings for 2021 of $27.5 million ($0.18 per share) was down compared to $88.1 million for 2020.

Key Points: 
  • Net earnings for 2021 of $27.5 million ($0.18 per share) was down compared to $88.1 million for 2020.
  • Cash flow from operating activities of $106.5 million, a 13% increase compared to 2020.
  • For the fourth quarter of 2021, cash flow from operating activities was $33.5 million, a 12% decrease compared to $38.0 million in 2020.
  • Karora delivered solid financial performance in 2021 with Adjusted EBITDA1 of $104.3 million or $0.70 per share and operating cash flow of $106.5 million or $0.71 per share.

Clean Air Metals Announces Executive Appointments and Provides Corporate Update

Retrieved on: 
Monday, March 14, 2022

THUNDER BAY, ON, March 14, 2022 /PRNewswire/ -Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU)is pleased to announce the appointment of Mr. Kris Tuuttila as Director of Sustainability, Permitting and Community Relations for the Company.

Key Points: 
  • THUNDER BAY, ON, March 14, 2022 /PRNewswire/ -Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU)is pleased to announce the appointment of Mr. Kris Tuuttila as Director of Sustainability, Permitting and Community Relations for the Company.
  • The Company recently published its "Clean Air Metals Inc. 2021 ESG Report" (press release January 27, 2022)whichis available on the Clean Air Metals' website at https://cleanairmetals.ca/esg/esg-report/ .
  • Clean Air Metals CEO Abraham Drost, stated that: "following the Company's recent $12.5 million financing, these executive appointments signal the Company's commitment to sustainable mine development at the Thunder Bay North Project.
  • Abraham Drost, Chief Executive Officer of Clean Air Metals Inc.

Carpenter Technology Corporation Announces Pricing of 7.625% Senior Notes Due 2030

Retrieved on: 
Friday, March 11, 2022

PHILADELPHIA, March 11, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) announced today that it priced an offering of $300.0 millionaggregate principal amount of 7.625% senior unsecured notes due 2030 (the Notes) in an underwritten public offering.

Key Points: 
  • PHILADELPHIA, March 11, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) announced today that it priced an offering of $300.0 millionaggregate principal amount of 7.625% senior unsecured notes due 2030 (the Notes) in an underwritten public offering.
  • The Notes were priced at 100.000% of the principal amount with a yield to maturity of 7.625%.
  • The Company intends to use the net proceeds from the offering to redeem in full its 4.450% senior notes due 2023.
  • This press release does not constitute a notice of redemption with respect to the 4.450% senior notes due 2023.

Electra Battery Materials Discusses Battery Material Park Study and Upcoming Production with The Stock Day Podcast

Retrieved on: 
Thursday, March 10, 2022

Phoenix, Arizona--(Newsfile Corp. - March 10, 2022) - The Stock Day Podcast welcomed Electra Battery Materials (OTCQX: ELBMF) ("the Company"), a company planning to build a fully integrated, localized and environmentally sustainable battery materials park.

Key Points: 
  • Phoenix, Arizona--(Newsfile Corp. - March 10, 2022) - The Stock Day Podcast welcomed Electra Battery Materials (OTCQX: ELBMF) ("the Company"), a company planning to build a fully integrated, localized and environmentally sustainable battery materials park.
  • "Could you tell us about Electra's battery material park study that the Canadian government has funded?
  • Leveraging the Company's own mining assets and business partners, the Electra Battery Materials Park will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, which will serve both North American and global customers.
  • Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable and traceable raw materials for the region's fast growing electric vehicle industry.

Franklin Mining Acquires New Technology to Increase Production, Output while Mining

Retrieved on: 
Thursday, March 10, 2022

Meteor Minerals is a private producer of Nanotechnology, an eco-friendly biological process that maximizes output when compared to traditional mining.

Key Points: 
  • Meteor Minerals is a private producer of Nanotechnology, an eco-friendly biological process that maximizes output when compared to traditional mining.
  • This process can be used for mining gold, silver, lithium, iron, nickel and more.
  • While Franklin Mining will be one of the first mining companies to have access to this process, Nanotechnology has previously been used successfully by one other mining company.
  • Nanotechnology allows mining companies to recover valuable minerals that would otherwise be discarded as waste.

ALX Resources Corp. Begins Drilling at Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

Retrieved on: 
Thursday, March 10, 2022

Vancouver, British Columbia--(Newsfile Corp. - March 10, 2022) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that a diamond drilling program has commenced at the Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin, adjacent to the town of Stony Rapids, Saskatchewan.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 10, 2022) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that a diamond drilling program has commenced at the Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin, adjacent to the town of Stony Rapids, Saskatchewan.
  • The Company mobilized drilling equipment and personnel to Stony Rapids in late February after the completion of the Alligator Lake drilling program.
  • ALX plans to drill up to 2,000 metres in five holes, with individual drill pads each potentially hosting two to three holes.
  • Forward-looking statements in this news release include: ALX's plans to initiate 2022 winter exploration at the Gibbons Creek Uranium Project, and to expend funds at that project.

Inventus Provides Exploration Update With Preliminary Results From Cobalt Hill

Retrieved on: 
Thursday, March 10, 2022

TORONTO, March 10, 2022 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (Inventus or the Company) is pleased to provide an exploration update for its 100%-owned Sudbury 2.0 and Pardo Projects.

Key Points: 
  • TORONTO, March 10, 2022 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (Inventus or the Company) is pleased to provide an exploration update for its 100%-owned Sudbury 2.0 and Pardo Projects.
  • Drilling at Cobalt Hill has now intersected sulphide breccia in 6 of 7 holes.
  • Initial results from rushed samples in CH-22-05A are very encouraging with assays up to 7.7 g/t gold, 0.34% cobalt and 0.15% nickel.
  • At the Cobalt Hill gold-cobalt-nickel target, a total of 7 diamond drill holes for 2,700-metres of drilling have been completed.

AMERICAN BATTERY FACTORY DEVELOPING FIRST NETWORK OF LITHIUM-IRON PHOSPHATE BATTERY GIGA-FACTORIES IN UNITED STATES

Retrieved on: 
Wednesday, March 9, 2022

AMERICAN FORK, Utah, March 9, 2022 /PRNewswire/ --American Battery Factory Inc. (ABF) today announced it is developing the first-ever network of safe Lithium-Iron Phosphate battery (LFP) cell giga-factories in the United States.

Key Points: 
  • AMERICAN FORK, Utah, March 9, 2022 /PRNewswire/ --American Battery Factory Inc. (ABF) today announced it is developing the first-ever network of safe Lithium-Iron Phosphate battery (LFP) cell giga-factories in the United States.
  • And when combined with the worldwide pandemic-induced supply chain disruptions, the time has come for the United States to develop its own LFP battery supply network.
  • American Battery Factory Inc., a Lithium Iron Phosphate (LFP) battery manufacturer, is developing the first-ever network of safe LFP cell giga-factories in the United States.
  • The company is dedicated to making energy independence and renewable energy a reality for the United States by creatinga domestic battery supply chain.

Carpenter Technology Corporation Announces Public Offering of Senior Notes

Retrieved on: 
Wednesday, March 9, 2022

PHILADELPHIA, March 09, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) announced today that it has commenced an underwritten public offering of senior notes (the Notes), subject to market and other conditions.

Key Points: 
  • PHILADELPHIA, March 09, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) announced today that it has commenced an underwritten public offering of senior notes (the Notes), subject to market and other conditions.
  • The Company intends to use the net proceeds from the offering to repay in full its 4.450% senior notes due 2023.
  • J.P. Morgan Securities LLCis acting as the lead book-running manager for the offering.
  • The offering is being made pursuant to an automatically effective shelf registration statement of the Company filed with theSecurities and Exchange Commission(the SEC).

Scotch Creek Engages Harris Exploration Drilling for Its 'Macallan East' Lithium Drill Program

Retrieved on: 
Wednesday, March 9, 2022

Vancouver, British Columbia--(Newsfile Corp. - March 9, 2022) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF)(the "Company") ("Scotch Creek" or the "Company") is pleased to announce that the Company has engaged Harris Exploration Drilling and Associates Inc. ("Harris Exploration") to commence its 'Macallan East' exploratory lithium drill program.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 9, 2022) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF)(the "Company") ("Scotch Creek" or the "Company") is pleased to announce that the Company has engaged Harris Exploration Drilling and Associates Inc. ("Harris Exploration") to commence its 'Macallan East' exploratory lithium drill program.
  • Scotch Creek's Macallan East lithium project totals 3,180 acres situated in Clayton Valley, Nevada, and is nearby multiple established lithium resources.
  • Scotch Creek, Geologist, Mr. Robert D. Marvin, commented, "We are extremely pleased to have contracted such a reputable and experienced company such as Harris Exploration for our first-round drill program at Macallan.
  • Scotch Creek is a mineral exploration company, focused on the acquisition, exploration, and development of lithium projects located in tier-one North American mining jurisdictions.