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Pacton Gold Inc. (TSXV: PAC) (the “Company” or “Pacton”) is pleased to announce the appointment of Sprott Capital Partners as advisors to assist the Company with its awareness and marketing arrangements, including providing strategic capital advice to the Company.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce that as a result of the recently announced positive Preliminary Economic Assessment (“PEA”) for the production of 161,000 net tonnes per year of magnesium oxide (MgO) at its Driftwood Creek Magnesium Project (“Driftwood Creek” or the “Project”), the Company has engaged engineering firm Hatch Ltd. (“Hatch”) to complete a scoping study for the purpose of selecting appropriate process and associated economics for the upgrading of magnesium oxide to magnesium metal. The Hatch study will evaluate process routes, and order of magnitude capital and operating cost estimates for an initial 10,000 tonne per year (tpy) magnesium plant as well as address various environmental and engineering topics.
Our friends at Western Copper and Gold have a mountain top of copper and gold in the Yukon. Billions of pounds of copper, millions of ounces of gold. It is a 2 billion CAPEX project which makes sense when copper is selling above $3.50.
Pacton Gold Inc. (TSXV: PAC) (the “Company” or “Pacton”) announces that it has agreed, subject to the acceptance of the TSX Venture Exchange, to settle $550,000 worth of debt to arm’s length parties by the issuance of 1,833,333 common shares of the Company at a deemed price of $0.30 per share. All shares issued pursuant to the debt settlement will be subject to the standard four month and one day regulatory hold periods.
A 500 million dollar mine is big news. Big enough to rate a mention on the CBC.
Crown Mining Corp. (TSXV: CWM) (“Crown” or “the Company”) is pleased to announce that it has exercised its option to acquire and completed the purchase of a 100% undivided right, title and interest in its Moonlight property (the “Property”) located in Plumas County in northeast California, USA.
Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSX Venture: AAL) (OTCQX: AVLIF) Mr. David Sidoo, President and CEO, announces that stock options have been granted to purchase up to 200,000 common shares of the Company at price of $1.11 per share for a term of five years.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce it has commenced optimization of charging and oxygen fuel generation functions for its zinc air fuel cell battery as part of the mass production design phase.
Whenever a company comes out with a PEA I always look at the CAPEX first. The fact is that, regardless of the size of the resource, the estimated mine life or the internal rate of return, the CAPEX number gives a good first approximation of whether a project is actually feasible.
Interesting piece on Argentina Lithium expanding its lithium holdings on the Salar de Antofallo in Salta Province, Argentina.