Month: January 2018

Ascendant: Free Cash Flow in a Rising Zinc Market

JayCurrie
T.ASND, Ascendant Resources, zinc, Honduras

For Ascendant Resources (T.ASND) , 2017 was an extremely successful turnaround year. The Company’s El Mochito zinc, lead and silver mine located in Honduras has been in continuous operations for 70 years but, over the course of recent years, suffered from underinvestment and some neglect from its previous operator. With its recently released 2017 full year production results and 2018 guidance, it is now clear Ascendant is well positioned to build on the strong operational successes of 2017 with tremendous long-term opportunity remaining at El Mochito yet to be fully harnessed. read more

Rye Patch Gold Closes $20M Bought Deal Offering

MotherlodeTV
V.RPM, Rye Patch Gold, gold, Nevada

Rye Patch Gold Corp. (“Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGD; FWB: 5TNN) is pleased to announce the completion of the bought deal private placement offering announced on January 17, 2018 whereby the Company issued a total of 15,384,700 units of the Company (“Units“) at a price of $1.30 per Unit for gross proceeds of $20,000,110 (the “Offering“). Each Unit consisted of one common share of the Company (“Common Share“) and one common share purchase warrant (a “Warrant“). Each Warrant is exercisable to acquire one Common Share at an exercise price of $1.65 until January 31, 2020. The Offering includes exercise in full of the Underwriters’ (as defined below) over‑allotment option to purchase additional Units at $1.30 per Unit. read more

MGX Minerals Receives Approval to Conduct 3D Seismic Survey at Utah Petrolithium Project, Blueberry Unit, Paradox Basin

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce the Company’s operating partner (the “Paradox Partner”) has received approval from the State of Utah Division of Oil, Gas & Mining to conduct a 3D geophysical survey (the “Survey”) on the Blueberry Unit (“Blueberry”) at its Paradox Basin Petrolithium Project (the “Project”). The Survey will outline subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine bearing formations. read more

MGX Minerals Commences Development of Next Generation Zinc Air Mass Storage System

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce that wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has commenced development of a scaled-up 20 kW system for use in utility-scale battery storage. The 20kW/160kWh modules represent a 4x increase in both energy and power as compared to ZincNyx’s current 5kW systems. The 20kW system retains all attributes of existing 5kW systems while providing additional benefits, including lower costs and higher energy density along with the ability to serve broader market segments. read more

Argentina Lithium Grants Stock Options

MotherlodeTV
Argentina Lithium, V.LIT

Argentina Lithium & Energy Corp. (TSX-V:LIT) (FSE:OAY1) (WKN:A0RK7E) (OTC:PNXLF) (“Argentina Lithium” or the “Company”) announces that it has granted 4,570,000 incentive stock options (the “Options”) to directors, officers, employees and consultants of the Company. The Options are set for a period of five years, expiring on January 26, 2023, and each Option will allow the holder to purchase a common share of the Company at a price of $0.50. The Options are subject to a 4 month hold period from the date of grant and to TSXV approval. read more