What’s Hot – LIN, ASN, ADN, BAR, GAS, ICU, PM1, TSO, VTI, DAV, CHN, TNY & GGG
What’s Not – My Fingers
What’s Doing – Hump Day (wives and gf’s only please) especially you Randy security guards !!!
Did you know that on this day in 1869, Black Friday started in the United States.
A group of speculators headed by James Fisk and Jay Gould started hoarding gold, which led to high gold prices.
The US treasury under the orders of president Ulysses S. Grant sold a large amount of gold leading to a plummet in gold prices within the span of minutes.
A big congratualtiuons to long time reader and first time caller Steve Smith on getting a 69 not out last night in the IPL.
You went a day early old boy but good luck tonight and I hope you enjoyed the shout out in The Rant and I will kick your arse in tennis one day soon !!!
LIN – Lindian Resources Limited today closed up 39% to finish at 2.5c on $2.9m stock traded. The reason they were up today was because they announced they acquired a 75% interest in the world-class Lelouma Bauxite Project in Guinea.
Lelouma is located only 40 km from their existing high grade Gaoual conglomerate bauxite asset.
Both their projects are within haulage distance of existing rail infrastructure and related shipping ports.
I don’t know it very well but I am quite interested in niche metals, Bauxite being on of them as they all seem to get some time in the sun at some stage.
Think rare earths, lithium, cobalt, whose next……
Some details on today’s news are listed below:
LINDIAN ACQUIRES TIER-1 BAUXITE PROJECT WITH 847 MILLION TONNES OF HIGH GRADE RESOURCE
Lindian to acquire a 75% interest in the world-class Lelouma Bauxite Project in Guinea (“Lelouma”), which currently has a JORCCompliant Mineral Resource of 847 million tonnes at 45.1% Al2O3 and 2.1% SiO2 (Indicated and Inferred combined). Mineral Resources have been estimated by SRK Consulting (UK) Ltd.
The high-grade Lelouma total Mineral Resource is inclusive of 389Mt at 48.1% Al2O3 with zones of exceptional high grade (>50% Al2O3). The low silica and absence of contaminants suggests a high value, premium quality sales product.
The resources occur near-surface as tabular orebodies (6 to 10m thick) with minimal overburden (<1.0m) and low strip ratios (max. 1:1)
The resource is amenable to standard open-pit mining techniques to produce Direct Shipping Ore (“DSO”), without a requirement for processing or beneficiation, for sale to Atlantic and Pacific markets.
Lelouma is located just 40 km from Lindian’s existing high grade Gaoual conglomerate bauxite asset and both projects are within haulage distance of existing rail infrastructure and related shipping ports.
Lindian will examine opportunities to minimise capital expenditure through infrastructure sharing and mutualisation, as well as options to produce bauxite to supply low and high temperature refineries.
Over US$10 million of historic expenditure by Lelouma’s previous owners, including Mitsubishi Corporation.
Favourable acquisition terms: reduced upfront payment, operational control of the Lelouma Project and maximum flexibility to advance project and manage expenditures.
Lindian has also entered into an agreement to acquire up to 75% of the Woula Bauxite Project, subject to completion of satisfactory due diligence. The Project is close to an existing haul road connected to a river port and offers near term production and cashflow opportunity by selectively mining higher grade zones.Lindian has received firm commitments from sophisticated investors to undertake a $1 million placement to provide funding for working capital and for advancing technical studies at its projects.
That may or may not be a picture of me, that’s why I type and I don’t present on TV anymore.
Bloody Covid & Big Macs I tell you…….
ASN – Anson Resources Limited today closed up 32% to finish at 2.5c on $1m stock traded. There has been no news out since Monday when they announced multiple high-grade zinc, copper, lead and silver have been discovered at their Ajana Project, so maybe today it’s just a case of punters coming a little late to the party.
The Ajana project is located in WA and has the potential to extend existing known resources.
I know Bruce the boss and he too is owed a call, I have clients that own it and some details on Monday’s news are listed below:
Anson Targets Multiple High-grade Ajana Base Metals Resources
Review of Ajana Project historical & recent exploration data identified: o Shallow historic high-grade mining operations remain mostly unexplored with opportunity to increase JORC Resource
Ethel Maude Mine workings recorded high grade Zn, Pb & Ag
Surprise Mine workings recorded high grade Cu & Ag
Mary Springs Mine workings and 2017 drilling indicate high grade Pb, Zn & Ag with extensions along strike and at depth
Pb, Zn & Cu historic soil sample anomalies correlate with 2017 VTEM targets indicating multiple “in echelon” type prospects
Additional targets contained within the dolerite dykes and cross cutting faults
Initial low-cost base metal exploration programs at Ajana to commence
Anson Resources Limited is pleased to announce that after an in-house review of historical and recent exploration data at the Ajana Project (Ajana) in Northampton, Western Australia, multiple high-grade zinc (Zn), copper (Cu), lead (Pb) and silver (Ag) exploration targets have been identified and as a result, Anson is planning to re-commence base metal exploration.
Anson is planning initial low-cost exploration programs at some of these highly prospective Pb-ZnCu-Ag mineralisation targets within the Ajana tenements, E66/89 and E66/94, with initial focus on historical mines where high grade mineralisation has been identified and known resources can be quickly increased to support the recommencement of mining to take advantage of the current higher prices for base metals.
While historic mining activity has taken place at several prospects within the Ajana Project area, including at the Ethel Maude, Surprise, Geraldine South and Mary Springs mines, much of the area is under explored in relation to exploration drilling programs being carried out, except at the Mary Springs mine.
Mining records date back to the 1850’s, but the mining activity was focussed on known mineralisation that was discovered due to outcropping on the surface or by the geological mapping of underground mines by sight.
The drilling in the Northampton region generally was carried out immediately along strike or down plunge of a known mineralisation. Very limited regional drilling has been completed to test existing geochemical and/or geophysical anomalies.
Utilising the database that Anson acquired from the previous owners of the project, Anson has recently completed a review of all historic drilling, soil geochemistry and geophysical surveys in the project area.
This data has been correlated with the VTEM targets within the Ajana Project and while many of the prospects are identified by the historic and geophysical surveys, the VTEM survey identified many targets which had not been located by the historic surveys
ADN – Andromeda Metals Limited today closed up 30% to finish at 13c on $4.8m stock traded. There was no news out today and nor has there been since roughly a fortnight ago when they announced results from their Hammerhead project.
This month they released 2 more projects Mount Hope and Hammerhead which they hope have high prospects.
They now have 3 different high grade halloysite kaolin projects.
The tech market for halloysite nano-tubes and HPA is highly profitable with top end HPA going for 25k-50k per tonne.
James Marsh, MD stated that the Hammerhead material was suited as a strengthening additive to construction concrete and had potential for sale at $4k-$5k per tonne.
James also said in the webinar that the product could be worth 4-5x the numbers stated in the PFS with margins being over 80% on the product.
He’s a smart guy and has good taste in newsletters like my friend Bruce above.
Some details on what they do are listed below in case you been living under a rock.
About Andromeda Metals Limited
The company has built a highly prospective exploration portfolio of projects covering 5,374 sq kms within 19 exploration licences located in South Australia, Queensland and Western Australia.
Andromeda Metals (previously Adelaide Resources) was incorporated on 23 December 1993 and subsequently listed on the ASX on 11 September 1996. The Company’s head office is in Adelaide, South Australia.
Andromeda Metals’ vision is to be a sustainable industrial minerals producer of high-quality halloysite-kaolin and high purity alumina material and thus providing shareholders with sustainable financial return on their investment in the Company.
BAR – Barra Resources Limited today closed up 26% to finish at 2.4c on $310k stock traded. There was no news out today and nor has there been since a fortnight ago when they announced a placement which I got none of.
78m shares were issued at 1.9c raising nearly $1.5m and was done by the boys and girls at Canaccord who have been more active than a single man just out of isolation or maybe even in isolation depending how you roll.
Anyway well done to them & to those of you that got some – if you are a flipper and out already of course.
Caution – fake congratulations to those that are !!!
Some details on what they do are listed below:Abour Barra Resources
The advanced Mt Thirsty Cobalt-Nickel Oxide Project, located 16km from Norseman, is presently undergoing a Pre-Feasibility Study following on from very positive economics reported for the base-case scoping-study flowsheet in 2017.
In parallel, Barra is also building a solid gold resource inventory at its brownfields gold mines at Burbanks and greenfields gold project at Phillips Find, both near Coolgardie. All of Barra’s projects are located in WA’s stable mining jurisdiction and have excellent access to critical infrastructure and skilled local workforces.
This Yank’s got a nice Barra in his hand, not sure if he actually caught it himself but I dare say he even owns some stock in this one too old mate Flathead we call him.
GAS – State Gas Limited today closed up 25% to finish at 71.5c on $2.6m stock traded. The reason they were up today was because they announced they were appointed preferred tenderer of substantial new acreage in the latest QLD government petroleum land release.
The new area will extend the gas acreage by almost 8x and add potentially 4x the gas resources.
If you read this rag you would have seen that we mentioned through TEG’s success the past week as they own 32.5% of GAS.
Some details on today’s news are listed below:
State Gas Wins Contiguous New Acreage Creating Super Gas Region
State Gas appointed Preferred Tenderer (100%) of large new acreage area (PLR2020-1- 5) contiguous with existing 100%-owned PL231 (“Reid’s Dome”).
The new permit area will provide significant scale, increasing the Company’s gas acreage by more than eight times, with potential to quadruple the Company’s resource position.
PLR2020-1-5 (“Rolleston-West”) contains highly prospective targets for both coal seam gas (CSG) and conventional gas within the permit area. It is not restricted by domestic gas reservation requirements.
The contiguous areas (Reid’s Dome and Rolleston-West) enable integration of activities and a unified super-gas region, providing economies of scale, efficient operations, and optionality in marketing.
The Company expects to rapidly progress permitting and move quickly to grant of the Authority to Prospect in the coming months.
Expressions of interest have already been received from potential customers, with two major industrial gas consumers formally supporting the Company’s bid for the area.
New record gas flow rate approaching 500 mscf/d at the Nyanda-4 well at Reid’s Dome Project (PL231) to the south of the new Rolleston-West permit.
$9.5M placement to energy sector investors including Trevor St Baker and other experienced energy and technology investors, with SPP to raise a further $2M.
State Gas well positioned to participate in Federal Government gas-led recovery.
State Gas Limited has been appointed Preferred Tenderer (on a 100% basis) of substantial new acreage (“PLR 2020-1-5”, “Block 5” or “Rolleston-West”) in the latest Queensland Government Petroleum Land Release.
West of Rolleston in Central Queensland (refer map below), Block 5 surrounds the northern part of the Company’s existing 100% owned PL231, where it is developing the Reid’s Dome Gas Project to bring gas to market to meet forecast shortfalls in the east coast domestic gas market.
Being contiguous to PL231, Block 5 covers 1,414 km2 , an area eight times larger than PL231 (174 square km). The Rolleston-West project contains highly prospective targets for both coal seam gas (CSG) and known conventional gas within the permit area.
The Bandanna coal measures, a proven resource for CSG in the region, are extensive across Block 5. The Block also contains the extension of the Reid’s Dome Beds which the Company is currently appraising in PL231, and several promising conventional targets identified by historical seismic and drilling.
Rolleston-West, like PL231 (Reid’s Dome), is not constrained by a domestic market supply condition; gas produced from the Block may be sold to any market, providing further flexibility for State Gas.
That’s what my gardener mate Bougs reckons when he farts, must be true.
ICU – iSentric Limited today closed up 24% to finish at 9.7c on $2.4m stock traded. There was no news out today and nor has there been for quite some time so your guess is as good as mine.
It’s been mentioned quite a lot lately – could be time to do some work on them or start reading my own sh*t.
Some details on what they do are listed below:
iSentric Limited provides fintech and digital commerce software and services that enable its institutional customers to securely authenticate end-user customers and process banking, purchase and payment transactions.
The Company’s core technology platform enables large customer communities to extend their information technology applications to any mobile device and integrate mobile technology throughout their existing business.
The Company’s business divisions consist of Mobile Banking, Digital Payments and Digital Services which service the top 20 banks in Malaysia and large telco’s and corporates in Malaysia & Indonesia.
iSentric also works with telecommunication network providers to provided mobile OTT (overthe-top) services that leverage their subscriber base to build active communities.
PM1 – Pure Minerals Limited today closed up 21% to finish at 2.3c on $400k stock traded. There has been no news since yesterday Monday when they announced hey raised $4.4m in a strongly supported placement @ 1.5c.
Funds raised will primarily be used for pilot plant activities which will generate product samples for distribution to potential offtakers.
I dare say there are some smart brokers behind this one and another one that’s due for some more work.
How many hours in the day some of you might ask – 24 actually.
How smart am I ? ? ?
Some details on the placement are listed below:
$4.4M Raised in Strongly Supported Placement
Placement to raise $4.4M to institutional and sophisticated investors
Well supported placement by new and existing shareholders, with strong demand from key institutional and sophisticated investors.
Funds raised will primarily be used for pilot plant activities, which will generate product samples for distribution to potential offtakers
Pure Minerals Limited is pleased to announce that it has received firm commitments from institutional and sophisticated investors to raise $4.4 million (before costs) via a share placement of 293,333,334 fully paid ordinary shares at an issue price of $0.015 per share (“Placement”).
The Placement was strongly supported with demand significantly in excess of funds sought by the Company. The Placement will be conducted in two tranches:
The first tranche will result in the issuance of 106,248,632 shares and be undertaken using the Company’s available placement capacity, comprising:
79,464,786 shares under the Company’s Listing Rule 7.1 15% placement capacity; and
26,783,846 shares under the Company’s additional Listing Rule 7.1A placement capacity;
The second tranche of 187,084,702 shares will be issued subject to shareholder approval at a General Meeting of shareholders which is expected to be held in October 2020.
The issue price represents a 19% discount to the 15-day VWAP (Volume Weighted Average Price) immediately prior to the raising.
The shares issued under the Placement will rank equally with existing shares. The Lead Manager for the Placement was Foster Stockbroking Pty Ltd.
Use of Funds
Proceeds from the Placement will be used for the following:
Pilot plant activities for the TECH Project;
Commencement of Bankable Feasibility Study and project approvals for the TECH Project; andCorporate and admin costs and working capital.
TSO – Tesoro Resources Limited today closed up 20% to finish at 30c on $7.3m stock traded. The reason they were up today was because they announced they had
increased their El Zorro land position by 500%.
El Zorro is a gold project located in Chile and would extend to 540km sq from 100km sq.
I’ve never heard of them myself but some details on today’s news are listed below:
Tesoro increases El Zorro land position by 500% to 540km2
Tesoro has significantly expanded its land position at the El Zorro Gold Project, Chile.
Confirmation has been received from the Chilean authorities that applications for 188 new concessions have been successful.
Increases the El Zorro Project concession holding by 440km2 to approximately 540km2 .
Since the 31 July 2020 announcement, additional ground became available over prospective geology, which Tesoro applied for and the additional applications were successful.
Tesoro Resources Limited is pleased to announce that applications for an additional 188 concessions adjoining the El Zorro Gold Project, Chile, were successful.
The granting of the new concession areas has increased the El Zorro concession package to cover approximately 540km2 of prospective geology. Tesoro Managing Director Zeff Reeves commented: “We are delighted to have secured an additional 188 concessions over 440km2 for the El Zorro Project.
The new concessions cover an area we believe is highly prospective for additional gold mineralisation, similar to the style of what we are drilling at Ternera. The addition of this ground firmly places Tesoro as the dominant regional player in the belt and our Chilean team has commenced a full geological review and target generation of the new areas”.
The El Zorro Project concession area now covers approximately 540km2 of prospective strike from north to south and importantly, covers prospective structural zones identified during a regional review of the belt. These structural zones are believed to be associated with gold mineralisation.
Introducing “El Torro Funny Guy” Haywoof
I have heard of them – you should have too by now !!!
VTI – Visioneering Technologies Incorporated today closed up 18% to finish at 3.9c on $290k stock traded. There was no news out today and nor has there been since about a fortnight ago when they announced strong recovery in shipments and revenue for their eye care products.
First 2 month shipments of the current quarter matched the average weekly shipments from the 1st quarter which happened to be record highs, so people are looking after their eyes while I am looking after my liver & lungs.
I know Steve the boss, I used to date the IR lady or maybe ladies or maybe that’s just a joke and the girls will laugh, hope so as they are both married.
Some details on what they do are listed below:
About Visioneering Technologies
Visioneering Technologies Inc. is an innovative eye care company committed to redefining vision. Since its founding in 2008, Visioneering has brought together clinical, marketing, engineering, manufacturing and regulatory leaders from top vision care businesses to provide new solutions for presbyopia, myopia and astigmatism.
Headquartered in the US, Visioneering designs, manufactures, sells and distributes contact lenses. Its flagship product is the NaturalVue® Multifocal contact lens, and VTI has expanded its portfolio of technologies to address a range of eye care issues.
The company has grown operations across the United States, Canada, Australia and Europe and is expanding into Asia with a focus on markets with high rates of myopia.
DAV – Davenport Resources Limited today closed up 17% to finish at 4.9c on $220k stock traded. The reason they were up today was because they announced a major sulphate discovery at their German licence area.
They announced JORC (2012) compliant inferred resource at Nohra-Elende was comprising 768Mt at an average grade of 8.1% magnesium sulphate with intersections up to 20%.
Sounds pretty good to me and well done to Chris, Rory and anyone else on the board I may have missed on today’s result and your hard work !!!
Some details on today’s news are listed below:
DAVENPORT ANNOUNCES MAJOR SULPHATE DISCOVERY AT GERMAN LICENCE AREA
Davenport announces JORC (2012) compliant inferred resource at Nohra-Elende, comprising 768Mt at an average grade of 8.1% magnesium sulphate, with intersections up to 20%.
Magnesium sulphate is contained within the mineral kieserite (MgSO4.H2O) of which 72Mt has been identified.
The kieserite resource was estimated from the database of over 300 drillholes acquired from the German government at time of purchasing the perpetual mining licences. Ninety-two drillholes have been sunk in and around the Nohra-Elende licence area.
Natural kieserite is mined in Germany, however ore reserves are depleting and a replacement source is required. The only other significant source is China, where magnesium sulphate is manufactured synthetically in a process using hot acids.
Magnesium sulphate can be sold in a pure form, blended with potash (MOP) to produce value-added fertilizers or reacted with MOP to manufacture potassium sulphate (SOP).
Nohra-Elende offers a diversified basket of pure and value-added fertiliser products well-suited to the European market and favourably located.
Micon International Co. Limited (“Micon”), Davenport’s independent competent person (“CP”) for mineral resource estimation, calculated the Nohra-Elende inferred resource.
Davenport Resources Ltd is pleased to announce a maiden JORC-compliant inferred kieserite resource for the northern part of its Nohra-Elende project totalling 768 million tonnes grading an average of 8.1% magnesium sulphate (predominantly in the form of the mineral “kieserite”), but increasing to 20% in places.
The resource was confirmed by renowned consultancy group Micon International Co Limited based on available historic exploration data. The resource area contains approximately 72 million tonnes of kieserite (MgSO4.H2O), which is a valuable fertiliser nutrient.
It provides a source of both readily water-soluble magnesium and sulphur, which are commonly depleted from soils in Europe and around the world. The kieserite resource is present within the carnallitite and sylvinite potash seams that were evaluated by Micon in late 2018 (ASX announcement 13th November 2018).
In addition to the 72Mt kieserite resource, the entire Nohra-Elende potash deposit comprises sylvinite and carnallitite, containing more than 165 million tonnes of potentially exploitable K2O resources. Kieserite is marketed globally and produced in three major forms, depending on the water content.
The most common form, used predominantly in agriculture, is magnesium heptahydrate (Epsom Salt). The European market for magnesium sulphate products derived from kieserite is approximately 300,000 tonnes per annum,
CHN – Chalice Gold Mines Limited today closed up another 16% to finish at $2.63 on $16.5m stock traded. The reason they were up today was because they announced yesterday new anomalies were identified at their Julimar project, giving investors and even my broking mate who we will call Wobble to keep him anonymous a little more than excited yet again today.
New Hartog EM Anomaly extends 6.5km beyond the northern limit of drilling at the Gonneville Intrusion, where Chalice made a significant greenfield PGE-Ni-Cu-Co discovery in March and if they can replicate that again then look out Queensland that’s all I will say.
Some will get that most won’t but those that do will laugh pretty hard and those that don’t can just move right along and try and find the next bhag.
Some details on today’s news are listed below:
Major new 6.5km-long EM anomaly identified at Julimar
Airborne EM survey reveals extensive new anomalies north of the Gonneville PGE-Ni-Cu-Co discovery, highlighting the world-class potential of the district
Three new large EM anomalies identified (Hartog, Baudin and Jansz) in recent airborne EM survey at the 100%-owned Julimar Ni-Cu-PGE Project in WA.
New Hartog EM Anomaly extends ~6.5km beyond the northern limit of drilling at the ~1.6km x 0.8km Gonneville Intrusion, where Chalice made a significant greenfield PGE-Ni-Cu-Co discovery in March.
Results highlight the district-scale Ni-Cu-PGE potential of the ~26km long Julimar Complex.
Four rigs continue the resource drill-out at Gonneville, with assay results pending for 50 holes.
Chalice is fully-funded with ~$46 million in cash (as of 30 June 2020).
Chalice Gold Mines Limited is pleased to report exciting preliminary results from a recently completed airborne electromagnetic (AEM) survey over granted tenure within the 100%-owned Julimar Project in Western Australia.
Commenting on the results, Chalice’s Managing Director, Alex Dorsch, said: “We have speculated for some time that the area north of our recent Gonneville discovery is highly prospective. We have now supported that claim with major new, laterally extensive geophysical targets from the first airborne EM survey over the Company’s granted tenure, which is a very exciting and important development.
“Airborne EM is an effective first-pass screening technique that can detect shallow conductive sources, such as nickel sulphide mineralisation. It is important to emphasise though that our experience at Gonneville to date has shown that some high-grade mineralised zones do not necessarily have a strong EM response using either airborne or ground-based techniques.
Therefore, the absence of a strong latetime airborne EM response does not preclude the presence of mineralisation elsewhere within the Julimar Complex. “We are expecting initial feedback shortly regarding access to the State Forest for the next stage of reconnaissance exploration activities.
We are hopeful of being able to assess the compelling new anomalies and aim to expand Julimar into a district-scale, multi-discovery opportunity. “Meanwhile, our resource drill-out is continuing at Gonneville, with four rigs currently drilling and numerous assay results pending.”
Airborne EM survey A helicopter-borne low frequency electro-magnetic (EM) survey was recently flown across the entirety of Chalice’s granted tenure on 200m line spacing at the Julimar Project (~155km2). The survey was designed to test for conductors within and proximal to the Julimar State Forest. Cultural sources (houses, wires, etc) were avoided where possible in the acquisition path flown by the helicopter.
By also flying over Gonneville, the survey was able to calibrate against the known high-grade PGE-Ni-CuCo sulphide zones identified from ongoing drilling. The Gonneville G1 Zone hosts some of the highest-grade mineralisation within the Gonneville Intrusion and was successfully detected in the AEM survey. The survey has outlined three new extensive EM anomalies within the Julimar State Forest – Hartog, Baudin and Jansz .
The Hartog EM Anomaly, which extends for ~6.5km directly north and along strike from Gonneville, is the highest priority target. The anomaly appears to be offset to the west of the magnetic response of the interpreted Julimar Complex. The most likely explanation for this is that, given its location directly along strike of Gonneville, it is potentially a less magnetic extension of the mafic-ultramafic Gonneville Intrusion.
TNY – Tinybeans Group Limited today closed up 15% to finish at $1.28 on $460K stock traded. The reason they were up today was because they announced they had qualified to trade on the OTCQX Best Market.
OTC Markets Group is an American financial market and is an important step for established international companies seeking to provide transparent trading for their U.S. investors.
Some details on today’s news are listed below:
Tinybeans qualified to trade on U.S. OTC Best Market
Tinybeans Group Limited, the technology platform that connects parents with the most trusted tools and resources on the planet to help every family thrive, is pleased to announce today that it has qualified to trade on the OTCQX Best Market.
Tinybeans has now been upgraded to OTCQX. Tinybeans Group Ltd. begins trading tomorrow (Sept 23) in the U.S. on OTCQX under the symbol “TNYYF”.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on the OTC Markets web site for TNYYF. Upgrading to the OTCQX Market is an important step for established international companies seeking to provide transparent trading for their U.S. investors.
For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
The ASX remains the company’s main listing with ongoing governance and disclosure requirements. Tinybeans CEO, Eddie Geller, said: “We are excited to provide eligible U.S. investors with the opportunity to trade our shares in the American market.
Trading on OTCQX provides sponsored real-time US Dollar quotes for U.S. investors, without the imposition of significant additional costs for the Company. We are thrilled to offer now our very large membership base in the U.S. an easier way to invest in the Company as we execute our growth strategy.”
GGG – Greenland Minerals Limited today closed up 16% to finish at 29.5c on $3.9m stock traded. The reason they were up today was because they announced progress on the permission of their 100% owned Kvanefjeld rare earth project.
EAMRA stated that they were very satisfied with how the review‐revision process has been conducted with a high degree of mutual flexibility and cooperation.
Some details on today’s news are listed below:
Kvanefjeld EIA Accepted for Public Consultation
Greenland Minerals Ltd is pleased to update on important progress on the permitting of the Company’s 100% owned Kvanefjeld Rare Earth Project.
Greenland’s Environmental Agency for Mineral Resource Activities (EAMRA) has advised the Company that the independent scientific reviews of the Kvanefjeld Environmental Impact Assessment (EIA) and supporting studies have concluded, and the EIA has been assessed to meet the requirements of the EIA Guidelines for public consultation.
Fulfilment of the Guidelines meansthat all aspects of the Kvanefjeld Project are based on international environmental standards and the principles of ‘Best Available Technology’ and ‘Best Environmental Practice’.
Independent scientific reviews of the Kvanefjeld EIA were conducted by the Danish Centre for Environment with assistance from the Greenland Institute of Natural Resources. Greenlandic and Danish versions of the EIA report are required for the EIA acceptance to be formalised. Translations are expected to be completed in October.
The Ministry of Mineral Resources then tables the necessary reporting documentation (Environmental and Social Impact Assessments, Maritime Safety Study) that constitutes an exploitation license application and a public consultation phase will be scheduled.
In their assessment, EAMRA stated that they were very satisfied with how the review‐revision process has been conducted with a high degree of mutual flexibility and cooperation. With the EIA technical review‐revision phase concluded, the Company looks forward to updating on the timing of a public consultation phase, and subsequent steps to complete project permitting.
GML Managing Director Dr John Mair commented: “The completion of the independent technical EIA reviews and confirmation that the Kvanefjeld EIA meets Greenland Guidelines is a major project milestone. The EIA process has been thorough, in‐depth, and comprehensive in order to provide a high degree of stakeholder confidence in the Kvanefjeld Project.
Kvanefjeld represents an important mining project for Greenland with the potential to be a globally significant, multi‐decade producer of magnet rare earths that are critical to the electrification of transport systems and a clean energy future.
The outlook for the rare earth sector continues to strengthen with substantial new supply needed through the coming decade, creating an optimal development window.
We will be engaging Greenland’s Ministry for Mineral Resources to start planning for public consultation and all outstanding matters that relate to permitting and look forward to providing further updates.”
and I can’t be…….bothered plus this sh*t is long enough as it is !!!
Go Hard…………. but please stay inside most of the time when you are Going Hard
We are almost there folks, stop fckn shaking hands would you and humping strangers in isolation while you are meant to be working !!!
I can do it and so can you !!!
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Rats Rant – IMPORTANT INFORMATION
The idea of this report is to be informative and hopefully point out some stocks that you wouldn’t ordinarily have seen during the day.
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I will let you know about it but it doesn’t mean that it is a good buy or a good sell as I am no Warren Buffett and if I was I wouldn’t be sending this out to you would I……. I’d be rich and fat not skinny and poor.
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This report has been prepared and issued (in Australia) by Nick Kelso in his capacity as an Authorised Representative (AR No: 001265800) of EverBlu Capital Pty Ltd (ABN 23 612 793 683) (AFS Licence No. 499 601) (“EverBlu Capital”).
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Sometimes it feels like I need to disclose to you what I have had for breakfast but anyway and
……..to finish off possibly the worlds longest disclaimer
EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies. Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.
All companies mentioned within traded on the Australian Stock Exchange (ASX)