|Stock of the week: First Cobalt
First Cobalt announces new discovery
First Cobalt recently announced positive assay results from the first drill holes from near the Kerr Mine in the Cobalt North area of the Cobalt Camp in Ontario, Canada. Results from these holes indicate a potential zone of cobalt mineralization that can be tracked across more than 100 meters.
Two holes, collared over 160m apart, intersected cobalt mineralization considered to be continuous based on oriented core measurements:
- 10.41m of 0.15% Co and 44 g/t Ag including 0.75% Co and 126 g/t Ag over 0.30m in FCC-18-0023
- 2.00m of 0.32% Co and 208 g/t Ag including 3.81% Co and 1,225 g/t Ag over 0.32m in FCC-18-0021
Dividends are the new interest – clever investors trust in commodity stocks
Many investors can’t get into gold and silver or the currently booming electro metals, but are questioning themselves, how they could get out of the current creeping inflation. One answer is: with dividends! It were and are especially the commodity fans which made/make up the following term: dividends are the new interests. One thing is mainly unknown: Especially commodity companies partial offer high dividends and profit from a coming, new commodity age, like the uranium major Cameco, one of the largest gold- and PGM-producer Sibanye-Stillwater, which distributes a property dividend, the gold producer Caledonia Mining (pays dividends of up to 4% p.a.), just as Harmony Gold and Osisko Gold Royalties. Fortescue Metals paid a dividend of 11% and Royal Dutch Shell of 8% in 2017.
News: Caledonia declares quarterly dividend of 6.875 cents per share
Firesteel Resources appoints new mine manager
Alio Gold acquires Rye Patch Gold
Auryn Resources generates US$ 9.8 million
Alio Gold and Rye Patch Gold recently announced, that they have entered into an agreement whereby Alio Gold will acquire, through a plan of arrangement all of the outstanding shares of Rye Patch. Under the Arrangement, each common share of Rye Patch will be exchanged for 0.48 common shares of Alio Gold. The offer implies a value of C$1.57 per Rye Patch share, a 35% premium to Rye Patch shareholders, based on the 20-day volume weighted average trading price of Alio Gold shares on the TSX and Rye Patch shares on the TSX.V for the period ending March 16, 2018. The offer values Rye Patch’s outstanding equity (undiluted) at approximately C$128 million. The number of Alio Gold shares to be issued will be approximately 39.0 million based on the issued and outstanding shares as of the announcement date, subject to adjustment for options, warrants and restricted stock units vested prior to the Arrangement. The transaction is expected to close on or about May 25, 2018. Existing Alio Gold and Rye Patch shareholders will own approximately 53% and 47% of the combined company, respectively, following the close of the transaction.
News: Alio Gold and Rye Patch Gold Announce Business Combination
Altona Mining and Copper Mountain Mining shareholders approve acquisition
TerraX Minerals announces financing
Auryn Resources recently reported, that it has closed its previously announced bought deal offering, including the exercise in full of the Underwriters' over-allotment option. A total of 6,015,385 common shares of the Company were sold at a price of US$1.30 per share for gross proceeds of US$7.8 million. In addition, the Company completed a concurrent private placement financing involving the sale of 1,091,826 flow-through common shares of the Company at a price equal to the Canadian dollar equivalent of US$1.82 per share, for gross proceeds of US$2.0 million. The flow-through shares formed part of a donation arrangement and were ultimately purchased by Goldcorp Inc. and enabled Goldcorp to maintain its 12.5% interest in the Company under the terms of the January 2017 Investor Rights and Obligations Agreement between Goldcorp and the Company.
News: Auryn Resources Announces Closing of US$9.8 Million Financing
Video: Auryn Interview with Ivan Bebek, Dukascopy-TV
Treasury Metals announces top-class drill-results
TerraX Minerals recently announce that the Company has entered into an agreement with PI Financial Corp. pursuant to which the Underwriter will purchase, on a bought deal basis, 3,750,000 units of the Company at a price of C$0.40 per Unit and 2,678,572 flow-through units of the Company at a price of C$0.56 per FT Unit, to raise aggregate gross proceeds of up to approximately C$3.0 million. The net proceeds of the Offering are anticipated to be used to fund drilling and exploration expenditures at the Company’s Yellowknife City Gold Project and for working capital purposes.
News: TerraX Announces C$3.0 Million Financing
Video-Interview: TerraX Minerals: Land Package Tripled - Step Out Drilling In 2018
Treasury Metals recently announced initial assay results from its active 15,000-meter infill exploration drilling program at the Company’s flagship Goliath Gold Project located in northwestern Ontario.
Drilling Highlights were:
- TL18-469: 5.04 g/t over 6 meters
- TL18-468: 1.41 g/t over 11.6 meters
Fission Uranium appoints former Assistant Deputy Minister, Environmental Protection, Sask. Govt. as permitting expert
- TL18-467A: 6.60 g/t over 4.2 meters
- TL17-422: 4.10 g/t over 5.0 meters including 18.20 g/t over 1.0 meters in the C Zone
- TL 17-422: 3.67 g/t over 4.0 meters
- TL18-464: 5.77 g/t over 3.0 meters
- TL17-460: 4.80 g/t over 3.0 meters
Fission Uranium recently announced, that Mark Wittrup, an acknowledged expert in permitting Athabasca uranium deposits, has been appointed to Fission’s Advisory Board. Mr. Wittrup is currently VP Environmental and Regulatory Affairs with the internationally-respected firm of Clifton Associates. He has several decades of experience specifically related to uranium mines and nuclear facilities globally, with a particular focus on Northern Saskatchewan. Amongst his prior roles, Mr. Wittrup worked for more than 30 years with Cameco including roles as Director of Licensing, Safety and Environmental affairs and was a key member responsible for obtaining the permits required for Cameco’s McArthur River Mine, the world’s largest high-grade uranium deposit and located in the Athabasca Basin. Mr. Wittrup also spent several years with the Saskatchewan government as Assistant Deputy Minister, Environmental Protection and Audit for the Ministry of Environment.
News: Fission Appoints Environmental and Regulatory Expert as Special Advisor to Board
Video-Interview: Fission Uranium: Further Drilling For Feasibility Study In Q4 2018
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