Tag: Investor’s Corner

Lithium Australia have increased their interest in the Electra Lithium clays joint venture in Mexico ahead of a 3,000m drilling program scheduled to begin next week.

Alta Vista Ventures Ltd. is pleased to report that it has completed the final cash payment to High Eye Aerial Imaging, finalizing the acquisition of its 100% interest in the company. The cash payment of $100,000 paid off a Promissory Note that was part of the purchase arrangement for High Eye Aerial Imaging. Alta Vista is the owner of both Pioneer Aerial Surveys and High Eye Aerial Imaging. Management is also actively pursuing additional acquisitions in the UAV sector that will complement Alta Vista’s growing portfolio of well positioned and undervalued UAV technology leaders.

“We laid the foundations in 2016 for a significant transition in Excellon’s fortunes over the course of 2017,” stated Brendan Cahill, President and Chief Executive Officer. “We materially advanced and are now near completion of our optimization plan at Platosa, which has already proven effective and promises to improve mine production and costs during the latter half of 2017, with dry mining conditions at Platosa expected to be achieved finally during Q2 2017. We expect to have an update on drawdown rates in the near term as more data are collected. Production during 2016, though certainly below mine potential, only minimally depleted Platosa mineral resources, leaving more high-grade resources to mine at higher-rates and lower costs under dry mining conditions in the coming years. Additionally, our resumption of exploration at Platosa has delivered high-grade and near-term accessible mineralization…”

Starcore International Mines Ltd. announces that it has closed the sale of its San Pedrito Property, a non-core asset located in Queretaro, Mexico for C$13.50 million* (MXN$ 192,784,331).

Pan American Silver Corp. today filed on SEDAR an updated technical report with respect to its Dolores property in Chihuahua State, Mexico. The Dolores Report has been prepared to provide current information about the Dolores property, which has resulted from: mineral resource and reserve delineation drilling; updated mineral resource and mineral reserve estimates; and an expansion of the Dolores mine currently underway to include a pulp agglomeration treatment option of the ore and an underground mine to extract ore from beneath the planned pit limits.

Argonaut Gold Inc. is pleased to announce that the syndicate of underwriters led by BMO Capital Markets have partially exercised their over-allotment option to acquire an additional 2,050,000 common shares of the Company at a price of C$2.40 per Common Share for additional gross proceeds of C$4,920,000.

Alta Vista Ventures Ltd. reports Anthony Jackson has joined Alta Vista Ventures as its new Chief Financial Officer. Jennifer Schindler has stepped down for personal reasons and the Company wishes to thank her and wish her well in her future endeavors.

Rare Earth Minerals plc (LON:REM) is to change its name to Cadence Minerals plc, in a nod to the company’s growing interest in the strategic technology materials sector. The junior miner told investors that the company’s new ticker will be ‘KDNC’ once the name change is be completed, which it expects to be next Monday (27 March).

Fortuna Silver Mines Inc. announces that due to an ongoing regulatory review of the Company’s 2015 annual filings, the Company may be delayed in filing its annual audited financial statements and related MD&A for the years ended December 31, 2016 and 2015.

“We achieved some significant milestones this quarter, largely at the expense of production results and reported earnings.” reported Robert Eadie, President of the Company. “Firstly, we moved the Altiplano Plant into operational status, thereby reporting its earning as part of Company operations, and achieved a modest positive cash flow from very low production thereby providing confidence that this operation will produce good cash flow under full capacity. Secondly, we completed the construction of the CIL plant at San Martin allowing us to process the higher grade carbonaceous ore from our mine. While we have experienced overall lower recovery and mine production as a result of issues with the initial start up of this plant, we have fully tested the CIL plant using purchased carbon and have proven that it is fully functional and operating as planned”.