motherlodetv.net
Denarius Metals (DSLV.V) is a vehicle for mining entrepreneur Serafino Iacono and his team as they moved on from GCM Mining as that company was absorbed by Aris Mining. A long time member of that team was Denarius CFO Mike Davies who I spoke with June 13.
Platinum, palladium, copper and nickel: critical metals for the transformative technologies which are powering Western economies. Clean Air Metals (AIR.V) is exploring two deposits, Current and Escape, near Thunder Bay which show great potential as sources for all four of these important metals.
A Preliminary Economic Assessment (“PEA”) is a significant milestone for junior exploration companies, essentially it promotes them into a select group of “valued asset” owners in the mining industry. It is a third-party assessment of the economic viability of the project’s resource estimates which a company has completed to date and it is an outline of the steps to be taken to reach commercial production.
Over on Substack, I write about Cartier Resources (ECR.V). Philippe Cloutier is racking up the gold ounces at the old Chimo Mine site in Quebec. While we’re waiting for news, here’s the background. Cartier Resources: A Golden Layer Cake
Interesting CTV interview with Luisa Moreno, President and Director of Defence Metals (DEFN.V)
A few months ago I started a SubStack about junior resource companies I either hold shares in or am thinking about taking a position in. Unlike motherlodetv.net where we try to stay very objective, over on “Talking my Book” I give my opinions (for what they are worth) about some of the promising juniors I am lucky enough to own.
One of the challenges in the junior resource exploration/development sector is attaching a credible net asset value to potential assets in the ground. A 43-101 resource estimate is helpful, so is a preliminary economic assessment; but neither really attaches a hard cash value to a company’s project.
Announcing the start of the operating season is usually a somewhat ho-hum press release. However, Tocvan Ventures (TOC:CSE) is beginning to drill the 24 km2 area that makes up the El Picacho Project in Sonora Mexico. While the company will continue to work on its Pilar project, the real excitement this season will come from Picacho.
Raising money in the current market has been difficult for many junior exploration and development companies. So the Grid Metals team’s achievement, raising $8.52 million for Grid Metals (GRDM.V), is particularly important.
