Fortune Minerals Limited (TSX: FT / OTCQB: FTMDF) leverages Trump’s tariff threats, boosting urgency for its NICO project—North America’s largest cobalt deposit, plus bismuth and gold. With $17M in 2024 funding from the U.S. DoD and Canada, rising metal prices, and a planned refinery, FT aims to meet surging EV and critical mineral demand, reducing reliance on China.
LITH is selling its 80% stake in the Arizaro project for $250M, with plans to return proceeds via a special dividend. Shares remain undervalued at a $145M MCAP. The company is spinning out its gold-copper assets into Kairos Gold and shifting focus to 11 lithium projects in Chile and Argentina. Key catalysts include the deal closing, Kairos spinout, and lithium exploration progress.
Lithium Chile Inc. (TSXV: LITH / OTCQB: LTMCF) has completed a robust Pre-Feasibility Study (PFS) for its Arizaro de Salar project in Argentina, significantly enhancing its M&A prospects. The study revealed a 26% increase in the project’s After-Tax Net Present Value (AT-NPV8%) to US$1.4 billion and a slight improvement in the After-Tax Internal Rate of Return (AT-IRR), based on a five-year average Lithium Carbonate Equivalent (LCE) price of US$21k/t. The PFS also confirmed the viability of Direc...
FT is up 200% since our previous report in November 2023. The company has secured grants totaling $16.2M from the U.S. Department of Defense, and the Government of Canada, to advance the NICO cobalt-gold-bismuth-copper project in the NWT and Alberta. NICO hosts the largest primary cobalt deposit in North America, the world’s largest bismuth deposit, and 1.1 Moz gold. This joint-funding by the U.S. and Canadian governments is a key initiative under the Bilateral Energy Transformation Task Force,...
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2024) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth"), announces that Sulzer, a global technology leader focusing on energy security and transition, natural resource processing and the chemical process industries, has acquired a single-digit minority share in Wealth Minerals Ltd., a developer of premier "green minerals" projects based in Vancouver BC, Canada. The official announcement was made on May 15, 2024, in Winterthur, Switzerland, and Vancouver, Canada.Investing in Wealth Miner...
What you need to know: • Gold held flat in January following a big monthly gain of 13% and reaching all-time highs in December, while mining equities lagged. • Besides gold, other precious metals, commodities, and battery metals had a mixed month, while uranium’s strong performance accelerated, up 16% in January and hitting its highest price in more than 16 years. • We attended a busy Vancouver Resource Investment Conference in January. Find our top picks from the conference here. Following a...
What you need to know: • The precious metals markets rebounded well in July following a healthy consolidation period in May and June. • M&A continued to be light in July, primarily due to the new uncertainty regarding interest rates following strong economic data and the BoC and the Fed raising rates. • Safe-haven assets like gold and silver continue to look highly attractive with mining equities trading close to trough multiples, creating buying opportunities for when investment dollars flow ba...
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