Month: June 2019

Epiroc to connect machines, systems and people with ‘6th Sense’

The “6th Sense” solution addresses a growing need for the two industries to look to digital technologies to enhance productivity, sustainability and safety, according to the company. The approach is the Epiroc way to optimise customers’ processes by connecting machines, systems and people using automation, information management and system integration.

Bacanora Lithium (BCN) Feasibility Study Estimates 428 Million Euros NPV and 27.4% IRR for Zinnwald Lithium Project.

Cadence Minerals is pleased to note the announcement today by Bacanora Lithium regarding the results of the NI 43-101 Feasibility Study for the Zinnwald Lithium Project in Germany which confirm the positive economics and favourable operating costs for the production of 5,112 tonnes per annum of battery grade Lithium Fluoride, a high value, downstream product used in the manufacture of lithium battery electrolytes for the European electric vehicle industry. With a long life of project of 30 years, the FS estimates a pre-tax project Net Present Value of €428 million (8% discount rate); an Internal Rate of Return of 27.4%; favourable Life of Mine operating costs and a 46% EBITDA operating profit margin.

Azure Minerals – Early Stage Mining to Start at Oposura

Commenting on the decision to commence trial mining at Oposura, Azure’s Managing Director Mr Tony Rovira said: ‘This is an exciting step forward for the Company. With minimal upfront capital required, this trial mining operation will provide early positive cash flow and Azure will start to realise value from the asset. Generation of this cash flow will assist in funding completion of the Feasibility Study and meeting other corporate expenses.’

Almadex Minerals Ltd. Grants Stock Options

Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors and officers of the Company to purchase an aggregate 628,000 common shares in the capital of the Company at an exercise price of $0.32 per share which expire on June 4, 2021.

Azucar Minerals Ltd. Grants Stock Options

Azucar Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors, officers and consultants of the Company to purchase an aggregate 573,000 common shares in the capital of the Company at an exercise price of $0.29 per share which expire on June 4, 2021.

Teck Named to 2019 Best 50 Corporate Citizens in Canada

‘Our employees and our company are dedicated to giving back to the communities where we operate, and ensuring that sustainability is at the heart of everything we do,’ said Don Lindsay, President and CEO. ‘Teck is committed to being a positive corporate citizen, while also producing the materials needed to improve people’s quality of life around the world.’

Gunpoint Options Mexican La Gitana Gold-Silver Project to Inomin Mines

Gunpoint Exploration Ltd. is pleased to announce the signing of a non-binding letter of intent with Inomin Mines Inc. to sell its 100% interest in the La Gitana gold-silver property located in Oaxaca State, Mexico. La Gitana comprises a 494 hectare property situated within a major northwest trending regional structure that host several mineral deposits including Gold Resource’s La Aguila open-pit gold-silver mine and Fortuna Silver’s San Jose underground gold-silver mine. The terms of the Agreement provide for an exclusivity period to conduct due diligence and conclude a definitive agreement to finalize the purchase terms of the Transaction.

Fresnillo PLC Report on Payments to Governments

Payments made by Fresnillo to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals (extractive activities) are disclosed in this Report. When payments cover both extractive and processing activities and cannot be split, the payment has been disclosed in full.

SSR Mining Publishes Inaugural Sustainability Report

Paul Benson, President and CEO, commented, “I am pleased to introduce our inaugural Sustainability Report, which provides a framework for how we manage and measure existing programs as well as aid in our social excellence initiatives. The report enhances how we communicate our sustainability performance and supports our Operational Excellence efforts in all areas of our business. With the initiation of our sustainability reporting, we proactively ensure a transparent and ongoing engagement with our stakeholders.”

VVC Announces AGM Date and Private Placement Financing

The Company is raising up to CA$2 million (approx. US$1.5) in a non-brokered private placement of units of the Company at a price of $0.05 per Unit. Each Unit consists of one common share and one-half of one common share purchase warrant of the Company. Each full Warrant entitles the holder to purchase one additional common share of the Company for a period of three years, at an exercise price of CA$0.06 per share. The proceeds of the offering will be used for exploration and development on the Samalayuca property, including diamond drilling, land use permits and associated costs, metallurgical bench testing of the copper mineralization, and proposed pilot mining investigation and evaluation. In addition, the money will used for option payments in Mexico, current accounts payable, general administrative expenses, and working capital.

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