Production/Operations
THE compensation process to the Kabanga Nickel Project Affected Persons (PAP) is expected to start soon following the completion of final review and validation of compensation schedules/reports by the government Chief Valuer.
Aston Minerals is putting the team in place to build and finance an open-pit nickel mine near Timmins. Earlier this year, the Australian company posted a maiden nickel sulphide resource estimate of 1.044-billion tonnes and a 1.5-million ounce gold estimate for its Edleston Project, 60 kilometres by road south of the city.
Vale (NYSE: VALE), the world’s largest nickel producer, is said to be deciding next week on the sale of a minority stake of its base metals business to automakers, pension funds and sovereign wealth funds, according to Brazilian news outlet Valor.
Centaurus Metals (ASX Code: CTM, OTCQX: CTTZF) is pleased to advise that greenfields exploration drilling at its 100%-owned Jaguar Nickel Sulphide Project (JNP) in the Carajas Mineral Province of northern Brazil has delivered a new nickel sulphide discovery at the Twister Prospect.
Churchill Resources Inc. (Churchill or the Company) (TSXV: CRI) is pleased to announce that it has completed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) compliant technical report on the Florence Lake Project (the Report) that is highly encouraging for nickel discoveries throughout the volcanic stratigraphy
EV Nickel Inc. (TSX-V:EVNI) (EVNi or the Company) is pleased to report the assay results for two holes completed as part of the 2023 Drill Program, within the upper portion of the W4 Zone. The holes were designed to provide a 1,000 kg composite sample to be used for the generation of a representative nickel concentrate sample to be used in the Clean Nickel” Bioleaching Test Program
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the Company or Green River) is pleased to announce the preliminary results for drill hole WK-23-01 on its 100%-owned Quesnel Nickel Project, located 40 kilometers east by road, from Quesnel, British Columbia, in the prolific Cariboo Mining District in South Central British Columbia, Canada.
Maximus Resources Ltd (ASX:MXR) has intercepted up to 1.3% nickel during drilling at the Misho prospect, confirming the presence of a fertile nickel sulphide-bearing komatiite channel near the Kambalda district in Western Australia.
FPX Nickel Corp., has achieved a milestone in the production of battery-grade nickel sulphate from its Baptiste Nickel Project in central British Columbia. FPX’s hydrometallurgical testwork program has resulted in improvements to the refinery flowsheet for the processing of Baptiste’s awaruite nickel concentrate.
Exports/ Imports
Global Ferronickel Holdings Inc. said Thursday it plans to export 6.5 million wet metric tons of nickel this year from its mines in Surigao del Norte and Palawan provinces to sustain the company’s growth. This would be 51 percent higher than 4.3 million WMT of nickel it exported in 2022.
From Asia to Europe to the U.S., multinationals have made moves into Indonesia to secure access to its vast reserves of nickel, as the country’s export restrictions fuel competition for an essential metal for electric vehicle batteries.
British Prime Minister Rishi Sunak has announced plans for new import bans on Russian copper, aluminium, nickel and diamonds. Along with the United States, Britain and the rest of the Group of Seven major economies are set to unveil fresh sanctions and export controls targeting Russia for its war against Ukraine, at the G7 summit in Japan this weekend.
Pricing
Global nickel prices are poised to decline over the next few years as top producer Indonesia ramps up supplies and production costs fall, industry watchers predicted at metals conferences this week. Indonesia, which made up 38% of global supply in 2021, is set to quadruple its nickel capacity to 1.2 million tonnes between 2021 and 2025, said Chen Yan
Earnings/ Financial Results
Nickel 28 Capital Corp. (Nickel 28 or the Company) (TSXV: NKL) (FSE: 3JC0) has released its financial results for the financial period ended January 31, 2023. We would once again like to thank our joint venture partner, Metallurgical Corporation of China, for another exceptional year.
Investment
China-based aluminium manufacturer Shandong Nanshang has announced its intention to invest $6bn in expanding its aluminium facility in Indonesia. In 2021, the company commenced a two million tonnes per annum (mtpa) aluminium oxide project in a special economic zone (SEZ) on the island of Bintan, which sits just south of Singapore in the Riau archipelago.
Production/Operations
Vedanta Limited (Vedanta) helping its parent and group holding company Vedanta Resources to deleverage its balance sheet has started to strain its balance sheet. Vedanta’s gross debt (consolidated) was up 24.3 per cent year-on-year (YoY) in FY23 and reached a six-year high of Rs 66,628 crore by the end of March.
The transition to low-carbon energy will be a tremendous challenge. Not only do we need to ramp up clean-energy supply to replace fossil fuels, we also need to meet growing energy demand for a rising population, and set up infrastructure to accommodate new energy sources.
FITCH Solutions, a US-based data analysis think-tank, says Zimbabwe’s ban on raw lithium exports will slow production levels in the long term due to limited storage space and processing capacity. Following the discovery of the globally sought-after mineral over the last few years across the country, Zimbabwe froze exports of raw lithium in 2022 to promote domestic value addition.
The Shire of Ravensthorpe’s draft mining industry policy seeks to support local mining activity while protecting and maintaining the existing landscape. In a meeting agenda item report for this week’s council meeting, Shire staff said Ravensthorpe has had a strong mining history, and current activity included two active mining tenements producing nickel and spodumene.
The shutdown of a small copper mine in Yukon this week is a reminder that the energy transition away from fossil fuels won’t be successful if miners don’t adhere to environmental, social and governance (ESG) targets, the territory’s mining minister said.
Magna Mining Inc (TSX-V:NICU). said assay results from its ongoing diamond drilling program at Crean Hill include hole CR-23-014 from the G1 Zone with 1.0% nickel, 0.8 % copper, 0.2 grams per ton (g/t) platinum and palladium and gold over 5.2 metres (m).
The Consunji Group is building its next stage of growth. DMCI Holdings chairman Isidro Consunji said they are laying the groundwork for the extension of the group’s coal operating contract, exploring new product formats for the real estate business and expanding their off-grid power capacity.
A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. The Materials company, Palladium One Mining (TSXV: PDM) has just received a rating update from a Wall Street analyst.
Kula Gold has kicked off reconnaissance reverse-circulation (RC) drilling at its Brunswick project in Western Australia’s South West region, with the aim of testing structural gold and lithium targets from surface pegmatites at the operation.
India has to push the pedal harder if it wants to be a significant player in the Asian electric vehicle (EV) and supply chain sweepstakes According to research from S&P Global Ratings, the EV penetration rate (EV sales as a percentage of total light vehicle sales, including passenger vehicles and light commercial vehicles) in India in calendar year 2022 was only 1.1 per cent
NEAR the entrance of Umfurudzi National Park, around 100km outside Harare, headgear left at a disused mine is among the signs that park authorities say are part of a by-gone era. They battle to keep a balancing act even as the northern part of the park sees companies mining for black granite and gold with permission of a special exemption granted by the government.
Lawyer turned meditator and exploration guru Kerry Harmanis is a well-known name in mining, owing to the fortune he made on the $3.1 billion sale of Jubilee Mines to X-Strata in 2007. It was perfect timing.
The country is famous for its vast reserves of gold, copper, coal, iron ore and uranium. We are the third largest gold producer, and many of the world’s junior resource companies are listed on the TSX or the TSX Venture Exchange; most juniors are based in Vancouver.
Glencore Canada, a leading player in the global mining and metals industry, continues to set the standard when it comes to workplace safety. For the fourth year in a row, a Glencore operation in Canada has taken home the John T. Ryan National Safety Award for Metal Mines from the Canadian Institute of Mining
Legend Mining executive chairman Mark Wilson is keen to kick off a diamond drill campaign at the company’s Octagonal prospect, 250km east of Kalgoorlie. Credit: File egend Mining has systematically lined up its ducks in a high-tech plan that will hit a pivotal point in its hunt for a nickel monster when its drills dive into Western Australia’s renowned Fraser Range today.
MTM’s first pass aircore drilling has proven to be remarkably successful with the discovery laterite nickel at the Seahorse prospect within its East Laverton project in WA’s Eastern Goldfields region.
Glencore International AG, a wholly owned subsidiary of Glencore plc, a leading producer, recycler, and marketer of nickel and cobalt for the production of electric vehicle batteries, and Li-Cycle Holdings Corp., an industry leader in lithium-ion battery resource recovery and a leading lithium-ion battery recycler in North America
The miners have set their greedy eyes on the precious nickle of Sukinda Valley. It is said that on the foot of the Mahagiri hill are concealed nickels weighing 11.10 crore tons. It was first explored by the Geological Survey of India.
Nickel Industries ((NIC)) engages in the mining and production of nickel ore through its mining operations predominantly based in Indonesia. Its main products include nickel, nickel ore, and nickel pig iron.
In the pursuit of a cleaner, greener, and sustainable energy future, Pakistan, faces new challenges in terms of transition towards modern and renewable energy sources. The increasing prominence of clean energy technologies brings to the forefront the critical role of minerals in ensuring energy security.
Critical minerals explorer Dynamic Metals is firing up its rigs for the second time at its Widgiemooltha project in Western Australia, in a bid to extend the stellar high-grade nickel results revealed from its maiden drill program.
Fjordland Exploration (TSXV:FEX) is pleased with results from a scoping level metallurgical evaluation of the graphite potential at its Renzy property northwest of Maniwaki, Que. The Renzy (aka Vulcain) project includes a historic nickel-copper mine.
Nickel producer Mincor Resources has awarded a haulage contract for its Kambalda nickel operations to Kooda Contracting. Kooda Contracting is a haulage service company that supply bulk haulage earthmoving equipment. The company have locations in Kalgoorlie and Redmond, both in Western Australia.
Queensland Pacific Metals TECH Project is positioned to become the world’s premier source of high-grade, ethically derived nickel to power the green transition. The era of electrification is well and truly upon us, with countries around the world ramping up their production and uptake of electric vehicles (EVs)
BHP chief Mike Henry says traditional cash cow commodities like iron ore and coal still have a place alongside growth industries like copper and nickel. Mining giants are seeking to grow their exposure to metals and minerals needed for the green energy transition, with BHP earlier this month completing its $9.6 billion takeover of South Australian copper miner OZ Mineral
Amid growing objections from First Nations, Premier Doug Ford remains dead set on developing the Ring of Fire to fuel Ontario’s goal of becoming a major player in the EV industry. But three mining industry experts Queen’s Park Today spoke to said Ontario can become a major global EV hub without the Ring of Fire.
Archer Exploration welcomed John Townend as senior manager technical services and exploration. Avalon Advanced Materials named Zeeshan Syed as president and Rickardo Welyhorsky as COO. SIGN UP FOR THE MINING NEWS DIGEST GFG Resources appointed Anders Carlson its new VP exploration.
Aurum Resources is edging towards exploration on its Ryans Find gold project north-east of Southern Cross after completing a two-day on-site heritage clearance survey alongside the land’s traditional owners the Marlinyu Ghoorlie Native Title Claimant Group.
Nano One Materials Announces Successful Completion of Phase Two of Co-Development Agreement with Leading Niobium Producer CBMM
Osisko Metals (TSX: OM; US-OTC: OMZNF) is part of a rising trend tapping private equity to help build projects, but it’s wary of the growing role of predatory debt financing. Appian Capital Advisory, a London-based private equity firm with mining projects valued at US$3.6 billion, is investing $25 million for a quarter of Osisko’s Pine Point zinc-lead mine in the Northwest Territories.
Not many business models begin with an ending in mind. But that’s how Eagle Mine in western Marquette County started its business activity. With the last 10 years or so, that’s what sustainable mining means, said External Communications Manager Matt Johnson of Lundin Mining Co., which owns Eagle Mine.
Newmont NEM 0.90%increase; green up pointing triangle said it has agreed to acquire Australia’s Newcrest Mining NCMGY 1.07%increase; green up pointing triangle for $17.5 billion, concluding weeks of talks over a sweetened offer by the U.S. company that wants to complete the largest-ever M&A deal in the gold-mining industry.
During the Group Strategy Briefing on May 18, Panasonic Group CEO Yuki Kusumi announced that automotive batteries will be a priority investment area. The Japanese manufacturer acknowledges strong demand for EV batteries (specifically for cylindrical-type cells) and high market growth potential, especially in North America.
South Korea’s battery giants have to date mainly focused on nickel cells and largely neglected research into iron-based cells, which China favors, citing their poorer performance at low temperatures. Recent technology developments at Chinese rivals, however, is changing that perception.
Metal Hawk has been granted a new tenement prospective for both nickel and lithium which adds to its portfolio in Western Australia’s Goldfields region. Tenement P29/2679 (Wilbah West) covers 198 hectares about 20km northwest of Mt Ida within the Mt Ida lithium corridor, which also hosts Delta Lithium’s Mt Ida deposit that has a resource of 12.7Mt at 1.2% Li2O
W A-based minerals explorer Terrain Minerals is priming its drills at its Smokebush project in the State’s Mid West region after gold and copper-nickel anomalies were discovered in a highly-successful field program.
A University of British Columbia (UBC) study done on Nickel Creek Platinum’s (TSX:NCP) Nickel Shaw project indicates the property’s potential for a low-carbon mining operation through carbon sequestration, according to Stuart Harshaw, the company’s president and CEO.
Resource Mining Corporation Ltd (ASX:RMI) CEO Andrew Nesbitt tells Proactive the company has confirmed at least six nickel sulphide targets from a recently completed geophysics survey at its Liparamba Nickel Project in the Nyasa Ruvuma region in Tanzania. An initial RC drilling campaign of 12 holes for 1,800 metres, planned to drill test the targets, is expected to get underway shortly.
Dynamic Metals Ltd (ASX:DYM) managing director Karen Wellman sits down with Proactive’s Elisha Newell after the company set the drill bit spinning at the Widgiemooltha Project’s Dordie Far West (DFW) prospect. Dynamic is chasing up some broad, high-grade nickel hits at the WA asset, and it plans to drill two reverse circulation holes to explore nickel in fresh rock.
In April, the price coefficient of MHP against LME nickel rose before falling, down from 78% to 73%. While nickel prices moved at highs, nickel salt prices declined. The profitability of nickel sulphate production continued to weaken amid falling nickel sulphate prices and the instability of LME nickel prices.
Government/Regulatory
The House Natural Resources Committee advanced two measures Wednesday designed to rebuke and reverse Biden administration actions blocking new mineral development in Minnesota’s Superior National Forest. Both bills, introduced by Rep. Pete Stauber (R-MN), come in response to the Interior Department’s rescission of two mineral leases for the Twin Metals mining project
In the G7 meeting, the US would be unveiling new sanctions to extensively restrict Russia’s access to goods that matter for its battlefield capabilities. Ahead of the G7 summit in Japan, the US would be unveiling new sanctions to extensively restrict Russia’s access to goods that matter for its battlefield capabilities, said a US official on Friday.
Leaders of the world’s richest democracies acted on Friday to stiffen sanctions against Russia, while a draft communique to be issued after their talks in the Japanese city of Hiroshima stressed the need to reduce reliance on trade with China.
UK to ban Russian diamonds at G7 in fresh round of sanctions
Execs worry a quirk in the Inflation Reduction Act could allow nickel powerhouse Indonesia to qualify for tax incentives, making it almost impossible for North American companies to compete
Russia has high likely redeployed troops to the key battle town of Bakhmut after Ukraine forces made tactical gains there, Britain’s Ministry of Defence has said. It comes amid doubts about the commitment of fighters in Bakhmut belonging to the Russian mercenary group Wagner, whose leader has become increasingly critical of the Kremlin.
Britain has announced new sanctions against Russia that target advanced military technology and Moscow’s remaining sources of revenue. On this subject reported on the UK government website. Sanctions were imposed on 86 Russian citizens and legal entities.
Vast U.S. government spending powers unleashed through the Inflation Reduction Act (IRA) and Defense Production Act (DPA) and intended to kickstart a made-in-America green industrialization effort have Europeans worried they will be shut out of a U.S. green-tech bonanza.
Event/Conference/Seminar
The Canadian Mining Expo (CME) has been promoting Northern Ontario mining operations, junior mining, supply & service companies, education and training institutions, investment information, new trends and technology and the inclusiveness of First Nations in mining for the past 30 years.
Economy
Australian equity markets raised more money for mining companies than any other markets last year, excepting the Toronto exchanges. Total money raised in 2022 was down significantly across the board when set against 2021, but Toronto remained the clear number one, having secured US$4.9bn for the world’s miners, with Australia securing a comfortable second place by bringing in US$4.2bn.
Studies/Surveys
A major challenge in the energy transition is the efficient and flexible storage and transportation of renewable energy. Batteries will play an important role in this. However, much research and innovation are still required.
Exports/ Imports
The European Union is poised to impose a ban on imports of Russia’s diamonds cutting off the worlds biggest diamond producer from one of its key markets. Russian diamonds are not forever, European Council President Charles Michel said on the sidelines of the G7 summit in Hiroshima, Japan, on Friday.
Britain published plans to ban imports of Russian diamonds, copper, aluminium and nickel on Friday and announced new sanctions against Russia, targeting companies connected to the suspected theft of Ukrainian grain.
Legal Action
Commodities trader Trafigura Group, which is investigating a $577 million nickel fraud, had an asset freeze extended to the alleged fraudster’s wife, saying in a London court that she is not a wholly innocent bystander.
Contract/Orders
IT was all joy as hundreds of Ngara residents led by their District Commissioner (DC), Colonel Mathias Kahabi witnessed the signing of a three-year Memorandum of Understanding (MoU), between Tembo Nickel Mining Company and Tanzania Police Force.
South Korean President Yoon Suk Yeol and Canadian Prime Minister Justin Trudeau agreed on Wednesday to enhance cooperation on critical minerals and continue joint efforts to fend off North Korea’s nuclear and missile threats.
Investor Relations
An influx of nickel from Indonesia has led to a global nickel oversupply that is driving prices down. It’s an imbalance that creates an opportunity for investors to gain exposure to one of the key metals for electrification.
Profits at the London Metal Exchange fell to the lowest in eight years in 2022, as the massive short squeeze that brought the nickel market to a juddering halt in March took its toll on the exchange. The LME’s annual profit fell 27% to $56.1 million, the lowest since before a hike in trading fees in 2015, according to its annual report
Familiar arguments filled a House committee room here last Thursday as the Energy and Mineral Resources Subcommittee heard testimony and more than a bit of grandstanding on a proposal to rescind the recent mineral withdrawal in the Superior National Forest.
Canadian North Resources (TSXV:CNRI; OTC:CNRSF; FSE:EO0) has been awarded a $250,000 grant from the government of Nunavut’s Discover, Invest, Grow (DIG) program. The company has received an initial contribution of $125,000, and an additional $125,000 is expected upon the submission of an exploration report, which was completed by the end of April.
By Nichole Bastin via AGMetalminer.com The Stainless Monthly Metals Index (MMI) rose a modest 0.67% from April to May. Following increased volatility over the last few months, nickel prices began to slow down in terms of sharp breakouts or breakdowns. As a result, the larger sideways trend continued with no clear direction.
As the green energy transition picks up pace, interest in Africa’s mines has intensified. The continent holds the minerals and rare earth metals needed to fuel a global transition away from fossil fuels.
The embattled London Metal Exchange is still trying to rebuild faith in its nickel contract after an epic short squeeze last year, according to chief executive officer Matthew Chamberlain. The crisis last March, when the metal used in stainless steel and electric vehicle batteries spiked 250% in little more than 24 hours, brought the venerable LME to the brink of collapse.
Shanghai nonferrous metals closed mixed gains in day trading. The US dollar index closed up slightly. Some US Fed officials made hawkish remarks, expressing their hope to reduce inflation and support for a further rate hike if necessary. Data released by the US Census Bureau yesterday showed that retail sales in the US rose by 0.4% month-on-month in April
Shanghai nonferrous metals closed mixed in day trading. On the macro front, the US government may reach an agreement on the debt ceiling issue this Sunday. Some US Fed officials have recently made hawkish remarks, so the market expected that the interest rate might be raised in June. The US dollar index rebounded overnight, weighing on the base metals prices.
According to SMM estimates, the volume of nickel sulphate recovered stood at 4,260 mt in metal content in April, versus 1,734 mt of cobalt sulphate in metal content, 9 mt of cobalt oxide in metal content, 1,283 mt of industrial-grade lithium carbonate, 5,978 mt of battery-grade lithium carbonate, and 1,010 mt of crude lithium carbonate.
The global nickel market had a surplus of 6,600 tonnes in March compared with a deficit of 8,900 tonnes in the same month last year, data from the International Nickel Study Group (INSG) showed on Thursday. That compares with a surplus of 20,400 tonnes in February 2023, Lisbon-based INSG added.
In April, 2.67 million wmt of nickel ore arrived at Chinese ports, up 42.36% MoM, while 2.36 million wmt of nickel ore departed from the Philippines, also up 52.3% MoM. The impact of the monsoon season in the Philippines subsided in April, allowing the mining activities to gradually recover. At the same time, the domestic demand gradually picked up, boosting port arrivals.
On May 19, premiums of Jinchuan nickel were 11,500-11,800 yuan/mt. The average premium stood at 11,650 yuan/mt, up 450 yuan/mt from the previous trading day. Premiums of NORNICKEL nickel stood at 6,800-7,000 yuan/mt. The average premium was 6,900 yuan/mt, an increase of 500 yuan/mt from the previous trading day.
Earnings/ Financial Results
Nickel Asia Corp. (NAC) reported an eight-percent drop in its first quarter net income due to foreign exchange losses and lower weighted average of nickel ore prices. In a disclosure to the Philippine Stock Exchange yesterday, NAC said its net income reached P970 million from the January to March period compared to the P1.05 billion registered in the same period last year.
Fund Raising/Grants
Chalice Mining is set to raise A$70 million in private placement to further fund its Julimar nickel/copper/platinum group elements project. Located 70km north-east of Perth, the Julimar project was staked in early 2018 as part of Chalice’s search for high-potential nickel exploration opportunities.
Andrew Forrest’s partner in a proposed Australian nickel and cobalt refinery will be among the recipients sharing $50 million of federal funding designed to stoke more onshore minerals processing and take the nation closer to making batteries.
Vendor/ Supplier Related
Human rights violations and environmental abuses were found in two nickel supply chains in the Philippines and Indonesia, home to more than half of the world’s supplies. They provide batteries to companies including Panasonic, Tesla, and Toyota, said a report released Tuesday by a rights research group.
The latest report released by the World Bureau of Metal Statistics (WBMS) showed that in March 2023, the global copper cathode output stood at 2.1 million mt, and consumption was 2.17 million mt. The supply shortage stood at 74,400 mt. Global output of copper ore stood at 1.76 million mt in March 2023.
Europe is experiencing a wave of investment in battery recycling capacity as automakers and battery manufacturers seek to offset the anticipated global shortfall in critical metals such as lithium, nickel, cobalt and copper.
NORNICKEL nickel premiums rose slightly yesterday because the low-priced spots were sold out, while Jinchuan nickel premiums stood flat. In terms of NPI, the recent drop in nickel prices has boosted downstream purchases to a certain extent.
Merger/Acquisitions
Draslovka a.s., a global leader in cyanide-based chemical specialties and agricultural chemicals, has acquired Blue Cube Systems (Pty) Ltd, a South-Africa-based firm that develops, builds and sells real-time mineral analysers for application in mineral beneficiation processes.
Human Resources/ Employees Related
Car makers are racing to secure supplies of materials such as lithium and nickel, commodities that they didn’t have to worry about before the electric-vehicle boom. That hasn’t caused too much stress at Ford Motor which has built a team that, perhaps unsurprisingly, includes some former Tesla employees.
Business Partnership
Future Battery Minerals is set to kick off metallurgical testwork on spodumene-bearing core from its latest diamond drilling campaign at its Kangaroo Hills project in Western Australia’s Goldfields region.
Sales
South Korean petrochemical and battery producer LG Chem plans to raise its battery material sales to 30 trillion won/yr ($22.6bn/yr) in 2030, it said on 16 May. The firm seeks to become one of the top global battery material manufacturers.
Production/Operations
Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the Company or Brixton) is pleased to announce the commencement of drilling for the 2023 exploration program at its flagship Thorn Project located along the northwestern extent of the Golden Triangle trend in British Columbia.
Terrain Minerals Hits New Gold, Copper, Nickel Anomalies at Smokebush Project in Western Australia
KARORA RESOURCES REPORTS RECORD PRODUCTION, IMPROVED OPERATING EARNINGS AND CASH FLOW IN FIRST QUARTER 2023
The transition to clean energy presents all kinds of challenges. For one, there’s a growing demand for critical minerals. These are essential for electric vehicles, solar panels and battery storage.
Nova Royalty Corp. (Nova or the Company) has reported its financial results for the first quarter ended March 31, 2023. Nova’s financial statements and management’s discussion and analysis for the three months ended March 31, 2023 are available on Nova’s website at
www.novaroyalty.com and on SEDAR at
www.sedar.com.
Noble Mineral Exploration Inc. (Noble or the Company) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to report on several active exploration projects in Ontario and Quebec. Cere Villebon Project – Initial sampling from the Cere Villebon drill program indicates 5.2 meters of 0.66% copper, 0.94% nickel, 0.04% cobalt, 0.25 g/t platinum and 0.66 g/t palladium
Trillium Gold Mines Inc., (TSXV: TGM, OTCQX:TGLDF, FRA:0702) (Trillium Gold or the Company) is pleased to provide an update from the lithogeochemistry, structural and stratigraphic studies over its approximate 570 sq km Confederation Belt project in Red Lake, Ontario.
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) (Electric Royalties or the Company) is pleased to provide the following update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: We’re pleased to have begun receiving payments from our recently acquired Penouta tin-tantalum royalty.
Go Metals Corp. (Go Metals and/or the Company) (CSE: GOCO), is pleased to announce plans for the 2023 field geophysics program at the HSP Nickel-Copper-Cobalt Project (HSP) on the Cote-Nord of Quebec.
The mining company Eurobattery Minerals AB (Nordic Growth Market: BAT and Borse Stuttgart: EBM; in short: EBM, Eurobattery or the Company), is pleased to announce that the FinnCobalt Oy’s Hautalampi ore reserves and minerals resources reserves have been classified in the highest categories as viable mining projects in the United Nations Framework Classification for Resources (UNFC).
St-Georges Eco-Mining Corp. (CSE:SX) (OTCQB:SXOOF) (FSE:85G1) is pleased to release some of the preliminary results for the Company’s Fall 2022 Drill Program. A series of results were received and interpreted for most intervals for which grades did not reach the threshold limits more than once.
Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the Company or Palladium One) is pleased to report the initial results of the 2023 exploration program on the Tyko Nickel – Copper Project, in Ontario, Canada.
ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) (ALX or the Company) is pleased to update its shareholders on exploration activities carried out on its Athabasca Basin area uranium projects in late 2022 and early 2023.
Investor Relations
Sabre Resources Starts Drill Program at Western Australian Nickel-Copper-Cobalt Project; Shares Up 9%
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) (Flying Nickel or the Company) announces that it has closed a non-brokered private placement of 200,000 units for gross proceeds of $32,000 (the Placement).
Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (‘Palladium One’ or the ‘Company’) is pleased to announce that Glencore plc (‘Glencore’), a large shareholder of the Company through its wholly-owned subsidiary, has elected to exercise its pro-rata equity participation rights and has subscribed for 7,439,071 common shares in the capital of the Company (the ‘Common Shares’).
Nickel Asia Corporation issues Notice of Annual General Meeting of Stockholders
MTM Critical Metals Discovers Nickel Mineralization at Western Australia’s East Laverton Project; Shares Climb 7%
West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (West High Yield or the Company) is pleased to announce it has completed a sixth tranche closing (the Sixth Tranche) under the drawdown equity financing facility (the Facility) with Alumina Partners (Ontario) Ltd. (Alumina) an affiliate of New York-based private equity firm Alumina Partners LLC. Terms of the Facility were set forth in the Company’s news release dated December 14, 2021.
Nickel North Exploration Corp. (TSXV: NNX) (the Company) has entered into a loan agreement with SinoTech (Hong Kong) Corporation Limited (SinoTech) for a loan (the Loan) to the company in the principal amount of $100,000 for a term of one year.
Nickel 28 Capital Corp. (Nickel 28 or the Company) (TSXV: NKL) (FSE: 3JC0) announced that it has filed its management information circular (the Circular) and related proxy materials in connection with its annual general and special meeting (the Meeting) of shareholders scheduled for June 12, 2023 at 10:00 a.m. (Toronto Time).
Merger/Acquisitions
Conroy Gold and Natural Resources PLC (AIM: CGNR), the gold exploration and development company focused on Ireland and Finland, is pleased to announce that it has acquired an equity interest in AIM-quoted Karelian Diamond Resources plc (Karelian Diamonds)
IC Capitalight Corp. (CSE:IC) (Capitalight or the Company), is pleased to announce it has acquired through purchase from a vendor and new staking, all of the mineral claims covering the historical resources on the former La Fosse Platinum Group special mining lease (LaFosse Special Mining Leases).
Management Change
Nova Royalty Corp. (Nova or the Company) announces today that Alex Tsukernik, Chief Executive Officer (CEO), has left the organization effective immediately. As a result, the Company’s Chief Financial Officer (CFO) Hashim Ahmed has been appointed Interim CEO, and Bill Tsang has been appointed Interim CFO.
Nova Royalty Corp. (Nova or the Company) a copper and nickel focused royalty company, announces that the Company has engaged PI Financial as its financial advisor to commence a process to explore, review and evaluate all options that may be available to the Company to maximize shareholder value.
Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) (PNRL or the Company) is pleased to announce the appointment of Mr. Jason LeBlanc to its Board of Directors effective immediately. Mr. LeBlanc has over 20 years of financial, business and capital markets experience in the mining industry.
Nickel 28 Capital Corp. (Nickel 28 or the Company) (TSXV: NKL) (FSE: 3JC0) today announced that the notice (the Notice) submitted by Pelham Investment Partners LP (Pelham) purporting to nominate five candidates to stand for election to Nickel 28’s board of directors (the Board) at the Company’s upcoming annual general and special meeting
Earnings/ Financial Results
EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the Company or EMX) is pleased to report results for the quarter ended March 31, 2023 (Q1-2023). The Company’s filings for the quarter are available on SEDAR at
www.sedar.com, on the U.S. Securities and Exchange Commission’s website at
www.sec.gov
Eramet: Results of the tender offer to repurchase its bonds due February 2024 Eramet (the Company) announces today the results of its tender offer, launched on 9 May 2023, to purchase for cash (the Tender Offer) its 500 million bonds due February 2024, issued on 28 September 2017 (ISIN: FR0013284643)
Li-Cycle Holdings Corp (NYSE:LICY) reported Q1 2023 sales of $3.6 million, down from $8.0 million, missing the consensus of $6.3 million. Revenues experienced a decline due to a decrease in nickel and cobalt prices, which also included an unfavorable non-cash fair value adjustment of $4.1 million.
Event/Conference/Seminar
EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 56th Emerging Growth Conference on May 17, 2023. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.
This document has been prepared by Anglo American plc (Anglo American) and comprises the written materials/slides for a presentation concerning Anglo American. By attending this presentation and/or reviewing this document you agree to be bound by the following conditions.
Nickel Creek Platinum Corp (TSX: NCP) (OTCQB: NCPCF) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in New York City.
