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Brodie Sutherland, CEO of Tocvan Ventures (TOC:CNX), has set a course for the company which will allow it to explore, drill and bulk sample at its two gold/silver properties in Sonora Mexico. Critically, Tocvan concluded a 5.125 million dollar financing which will fund operations for the next two years.
Tom Larsen, CEO of Eloro Resources (ELO.V), knows that the company’s Iska Iska silver tin deposit in Bolivia is big. Just how big is being delineated with a significant drilling program. A full 43-101 mineral resource is expected in Q3 of 2022.
Great conversation with five great women who are making a difference in junior resources.
There is a lot of market excitement about “battery metals”, lithium, nickel, copper, cobalt and graphite. The future is all about electric vehicles and battery electrical storage to fortify the “grid”. This is where Grid Metals (GRDM.V) begins to shine. The company is developing two projects in southern Manitoba – one a lithium project, the other a nickel/copper project – both located in close proximity to each other.
VANCOUVER, BC, April 25, 2022 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the signing of an Impact Benefit Agreement (“IBA”) with the Clearwater River Dene Nation (“CRDN”), covering all phases of the Rook I Project (“Rook I” or the “Project”), which hosts the 100% owned Arrow uranium deposit.
Back in April 2021 uranium was trading at less than $30 USD per pound. What a difference a year makes. Uranium is up to $64.50 a pound and in relatively short supply. The quick rise in the price of uranium has brought the uranium explorers and developers to the sharp attention of the market.
When you have a large, prospective, property you have to use the best, most cost effective, tools to find what you hope will be a deposit. Tocvan Ventures (TOC:CNX) has been working on its Pilar property in Mexico for a little over two years.
Shareholders of Bayhorse Silver (BHS.v) have waited a long time for all of the details and logistics of the Bayhorse Mine in Oregon to fall into place. Graeme O’Neill, BHS’s CEO has been working hard for years to plan the mining operation, integrate the ore sorter and build a milling facility to produce concentrate. Every step of the way cost money and O’Neill has raised that money.
It can take the market a day or two to actually understand a technical press release. On March 1, 2022, Eloro Resources (ELO.V) put out a news release which needed to be carefully read to reveal a significant intersection with heavily mineralized rock over 373 meters at its Iska Iska property in Bolivia. This intersection is particularly important because, while it certainly contains silver, it has an abundance of tin.
The market is usually right about exploration and development companies. The good ones get cashed up, the others have a hard time raising funds.