One junior mining company looking to grow into Mexico’s next precious metals producer is Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF), which recently secured a C$10 million funding for its exploration activities across various projects this year.
With the summer exploration season looming, Dolly Varden Silver Corp. (TSXV: DV) (OTC:DOLLF) announced earlier in the month it has initiated field activities on the company’s namesake silver project located near tidewater in northwest British Columbia.
Just two weeks into 2021 exploration at its Black Fly gold project near Atikokan, Ontario, Marvel Discovery Corp (TSXV:MARV, FSE: O4T1, IMTFF:OTC PINKS) has already found success in a collection of sample assays reporting high-grade gold and in one batch, visible gold that assayed an impressive 24.3 grams per tonne Au (gold).
Following weeks of planning and preparation, ZincX Resources Corp. (TSXV: ZNX) this week announced that it has finally commenced the 2021 summer drill program on its flagship Akie property in BC.
This 2,000-metre diamond drilling program will focus on the Cardiac Creek deposit - ZincX’s primary asset - and build on the positive and robust results from the 2018 preliminary economic assessment (PEA).
One junior mining company that has set sights on extracting more value out of its precious/metals projects during this auspicious period is Mountain Boy Minerals Ltd. (TSX.V: MTB; OTCQB: MBYMF; Frankfurt: M9UA), which has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.
Our research shows that most retail investors, who are the main drivers of gold’s price, trust gold more than fiat (paper) currencies to preserve their purchasing power. When debt soars, when real interest rates go negative, when cash becomes trash, gold shines brightest.
Though rare, there are companies that have nickel sulfide deposits under development. Palladium One’s (TSXV:PDM, FSE: 7N11, OTC:NKORF) Tyko project is located in northwestern Ontario’s Mid-Continent Rift Nickel Province, where previous and current work indicates strong potential for Voisey’s-style (referring to the huge Voisey’s Bay nickel mine in Newfoundland, re-opened in 2020 by Vale) feeder dyke nickel-copper-platinum group element (PGE) mineralization.
Exploits Discovery Corp (CSE:NFLD, FSE:634-FF) is moving forward with its 2021 exploration program involving up to 13,500m of drilling at five targets — all of which are very prospective. Three of five host visible gold at surface with impressive grades up to 194 g/t Au.
The largest landholder in the Exploits Subzone of Central Newfoundland now has even more real estate, upping its chances of a major gold discovery as 2021 drilling begins. this week announced it has acquired the PB Hill property through a 50-50 staking agreement with Crest Resources (CSE:CRES).
China says it has found a way to make “green” nickel chemical for EV batteries from nickel laterite deposits in Indonesia that could help to alleviate the coming supply deficit in the metal that is essential to electric vehicle batteries.
Don’t be fooled. The process itself is extremely polluting, and ‘ocean tailings ponds’ are anything but green. Thankfully car companies aren’t buying it.
Future nickel supply for battery-making is therefore unlikely to come from Indonesia or anywhere else where nickel laterites are mined.
Getchell Gold’s (CSE:GTCH, OTCQB:GGLDF) Fondaway Canyon is an advanced-stage gold property located in Churchill County, Nevada. The project has been the subject of multiple exploration campaigns in the late 1980s and early 1990s.
AOTH’s favorite nickel junior is Renforth Resources (CSE:RFR, OTC:RFHRF, WKN:A2H9TN), whose Surimeau nickel sulphide project covers an area of about 260 square kilometers south of the Cadillac Break in Quebec, among current and former producing mines.
The supply-demand imbalance for graphite has meant a rising price environment for the mineral since 2017. Roskill analysts believe prices will likely remain high with resilient demand for EV raw materials, major suppliers getting hit by covid-19, and environmental crackdowns in China.
This is great news for companies exploring for graphite. Our Canadian favorite is Lomiko Metals (TSX.V:LMR, OTC:LMRMF, FSE:DH8C), hunting for the grayish-black mineral in the Canadian province of Quebec.
A number of happenings in the copper market conspired to elevate the spot price beyond $4.60 a pound on Thursday, confirming Ahead of the Herd’s suspicions that a new wave of resource nationalism in some of the largest copper-producing nations is washing over the sector.
One company committed to developing America’s next lithium supply is Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1), which presently holds a 100% interest in the Clayton Valley lithium project in southwest Nevada.
Fresh off a company rebrand earlier in 2021 and a recent asset spin-off, Marvel Discovery Corp. (TSX-V: MARV) (Frankfurt: O4T1) (IMTFF: OTC PINKS) is now ready to move forward with this year’s exploration plans, beginning with one of the most promising gold projects in Ontario.
According to Sprott Insights, the three areas of growing demand — solar, 5G and automotive — potentially account for greater than 125 million ounces, annually, in 10 years. Where is this new silver supply going to come from?
Their conclusion? “We do not see enough supply growth to offset the demand growth,” with mine supply falling since 2016 and “we do not see enough projects in development to generate the kind of production levels in question, at least not at current silver prices.”
Energy and precious metals explorer Max Resource Corp. (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2) continues to make significant progress at its flagship CESAR project in northeastern Colombia, along what is considered to be the world’s largest copper-producing belt in the Andean.
With a new resource estimate on its Parbec project in Quebec imminent, Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) has kept on delivering exciting results from the second phase of drilling completed during winter 2021.
As an asset/ development stage junior, Getchell believes the deposit, the asset, is large and rich enough to start down a development path. An asset/development stage company is, in the opinion of management, and likely stockholders who are following the story, likely to become a mine. The risk has been greatly reduced, the wait time for a discovery non-existent, and the reward can be very nice, considering the much lower amount of risk, compared to an exploration-stage junior.
One international mining company that is committed to exploring Nevada’s mineral-rich regions is Victory Resources Corp. (CSE: VR) (FWB: VR61) (OTC: VRCFF), which has been actively looking at precious metals opportunities in the state and recently expanded its focus to battery metals.
Iron ore prices recently broke a new record amid a sustained rally in commodities prices as demand from top consumer China remains as robust as ever.
At the center of the latest rally is rising steel prices, from Asia to North America. Steel demand remains strong as economies - China in particular - continue their massive investments in steel-intensive infrastructure.
As base metals prices continue to attract investor interest, I’m keeping a close eye on juniors like Norden Crown, whose Fredriksson Gruva target, and its resemblance to a Broken Hill Type deposit, appears to have the scale, the grades and the consistency of mineralization to interest a major.
One up-and-coming miner looking to capitalize on this supercharged commodity cycle is Canada’s Manning Ventures Inc. (CSE: MANN) (CNSX: MANN.CN) (Frankfurt: 1H5). The junior’s business approach is to acquire and explore a diversified set of projects across the country’s mineral-rich regions, with the aim of finding impactful resource discoveries.
On Friday Magna announced the second half of the arrangement, a US$5 million payment to vendor Argonaut Gold (TSX:AR), and promised to pay the remaining working capital balance of US$2.675 million in four monthly installments between July and October, 2021.
“We are very pleased to be fulfilling our obligations to Argonaut. With this payment behind us we are looking forward to reaching a steady rate of production at the San Francisco Mine and strengthening our balance sheet primarily through the cash flow generated by the operations,” said Magna’s President and CEO Arturo Bonillas, in the May 7 news release.
Falcon Gold (TSXV:FG, Frankfurt:3FA.G, OTC:FGLDF) continues to make excellent progress at its flagship Central Canada gold project, located 21 km east of Atitokan, and 160 km west of Thunder Bay, Ontario. In addition, the company has acquired a gold-silver-copper property in Argentina, and a trio of mineral claims in central British Columbia near the town of Clinton.
Demand for graphite used in EV batteries is set to increase by 15 times over the next decade, rising from 200,000 to 3 million tonnes annually. On the other side of the equation, global graphite supply is expected to remain tight for the foreseeable future. Last year, the world’s total output came to 952,600 tonnes, a staggering 15% decline over 2019.
With an intensifying national focus surrounding EV raw materials, it’s no surprise that high-priority designation was given earlier this year to Graphite One Inc. (TSX-V:GPH) (OTCQB:GPHOF) to develop what is possibly the largest known graphite resource in the US.