Tag: Investor’s Corner

Colibri Resource Corporation is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement. The Company has issued 4,265,000 units at a price of $0.15 per Unit for gross proceeds of $639,750.00. Each unit consists of one common share and one warrant. Each warrant entitles the holder to acquire one additional common share of the Company at a price of $0.25 per share for a period of 24 months following closing. The Units are subject to resale restrictions until January 7, 2018 under applicable securities legislation.

The Prospectus will allow Maverix to offer up to C$200,000,000 of common shares, subscription receipts, units and warrants from time to time over the 25-month period that the Prospectus, including any amendments thereto, remains effective.

Alset Minerals Corp. is pleased to announce that Gilberto Zapata Castaneda, a Mexican mining entrepreneur based in Zacatecas, Mexico, is joining the Alset board to lead business development efforts in Mexico. Gilberto Zapata Castaneda has an accounting degree, MBA, and has been active in the mining industry in Mexico throughout his career.

Discovery Metals Corp. is pleased to announce the appointment of Peter Drobeck, P.Geo., as Vice-President of Exploration. Mr. Drobeck is an exploration geologist with over 35 years’ experience working in all phases of exploration from grassroots discoveries, to brownfields and mine exploration. He has also led substantial business development programs. Most recently Mr. Drobeck served as Consulting Geologist for Sibanye-Stillwater, directing exploration programs at the Altar project in Argentina. He has also recently served as Founder and President of Puno Gold Corporation, a Peruvian gold-copper explorer, which was acquired by Miramont Resources Corp. in 2017.

Osisko Metals Incorporated is pleased to announce the appointment of Mr. Robin Adair, P. Geo, as Vice President Exploration and Mr. Gary Woods, P.Geo, as Senior Exploration Manager, Bathurst Project.

Mexico’s economy has been on a rollercoaster ride over the past year. It saw budding progress from the reforms of the previous three years emerge early on, only to be bashed and beaten from all sides by the bearish sentiment around EMs stemming from the rise of Donald Trump. In recent months, however, economists have observed, with much relief, that the economy is beginning to recover and its currency stabilise, as many of the initial threats now look unlikely to manifest.

“The increase in resource will underpin our plans to fast-track initial production for short-term cash flow,” Consolidated Zinc Managing Director Will Dix said. “Combined with the outstanding metallurgical results from Tres Amigos, these results suggest there may be sufficient tonnage to support initial mining at Plomosas – and will form the basis of the Scoping Study.”

Una oleada de nacionalismo económico tiene a gobiernos y sindicatos locales presionando y desafiando el dominio sobre los recursos naturales que mantienen las grandes mineras occidentales. “Estamos viendo el surgimiento de gobiernos más nacionalistas en todas partes”, dijo Paul Mitchell, socio de la práctica de minería y metales de Ernst & Young. “Ese deseo de mantener los activos de una nación y trabajarlos, creo que solo va a subir a medida que se den cuenta que se están haciendo escasos”. BHP, Freeport y Barrick ya sienten la presión en algunos de sus proyectos.

Rising nationalism leads countries to seize more of the bounty.

El sector minero de México ha sido golpeado por la imposición de nuevos derechos, así como la falta de certeza jurídica y la inseguridad patrimonial, tan sólo en 2016 se postergaron 169 proyectos y para el primer semestre de 2017 el número de cancelados llegó a 174.