Metals Update 30/12/2020

HPQ-Silicon files patent for silicon byproduct

Promising results from electrochemical performance tests made with silicon-based byproducts manufactured by HPQ-Silicon Resources Inc.’s Gen2 Purevap quartz reduction reactor (QRR) motivated the company to file a provisional patent application regarding their manufacturing, assembly and usage as anode materials for lithium-ion batteries.

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Orvana pegs Orovalle at 7.93 MT at 3.74 g/t Au M+I

Orvana Minerals Corp. has completed an updated mineral resource and mineral reserve estimate (MRMR update) and life-of-mine plan (LOMP update), each completed in accordance with CIM Definition Standards (2014) and as incorporated by reference into National Instrument 43-101 — Standards of Disclosure for Mineral Projects, for its Orovalle operation in Asturias, Spain.

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Abcourt exercises all 2018 warrants

Abcourt Mines Inc.’s warrants issued in the private placement of 2018 have been exercised. Some were exercised earlier, in October, 2020, others were exercised lately. In December, 2020, 845,000 warrants were exercised and 845,000 common shares were issued for an amount of $84,500 received by the corporation. In global, the corporation issued a total of one million common shares at a price of 10 cents per share upon the exercise of all the 2018 warrants.

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IsoEnergy to settle $56,258 (U.S.) interest with shares

IsoEnergy Ltd. has agreed to settle a portion of the interest payment due to Queen’s Road Capital Investment Ltd. (QRC) as at Dec. 31, 2020. Pursuant to the unsecured convertible debenture dated August 18, 2020 between QRC and the Company (the “Debenture”), as at December 31, 2020, the Company will owe QRC interest in the amount of US$191,280 of which US$56,258 will be settled with the issuance of 40,026 common shares of the Company (“Shares”), at a deemed price of US$1.41.

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Canada Silver Cobalt hits new silver vein at Castle

Canada Silver Cobalt Works Inc. has intersected a new, additional, high-grade silver vein within 60 metres of the Robinson zone discovery hole CA-11-08. The Robinson zone project is 100 per cent owned by the company in the 78-square-kilometre Castle silver mine property in Gowganda, Ont., Canada.

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Atico Mining $6.5M (U.S.) debenture private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 7, 2020.

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Azarga Uranium to list additional shares Dec. 31

The Toronto Stock Exchange reports that Azarga Uranium Corp. will list additional shares at the open on Dec. 31, 2020. As stated in its short form prospectus dated Dec. 23, 2020, the company will issue 30 million units at 20 cents per unit in a public offering, with each unit consisting of one share and one-half warrant.

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Garibaldi drills 132.38 m of 0.62% Ni, 0.51% Cu at E&L

Garibaldi Resources Corp. has released results from the recently completed 2020 drill program, targeting deeper extensions of the easterly plunging E&L intrusion. Building along trend of the expanding 650-metre-long E&L footprint, hole EL-20-96 intersected a newly discovered semi-massive sulphide zone 450 metres east of the lower discovery zone (LDZ) at a depth of 645 metres.

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Kincora samples avg. of 8.8 g/t Au at West Fox

Kincora Copper Ltd. has provided an update following field season activities in Mongolia post the issuance of a mining licence for the eastern portion of the Bronze Fox intrusive complex (BFIC). The primary focus of exploration was on the margin of an adjacent second large porphyry system, the Tourmaline Hills intrusive complex (THIC), at a newly identified gold-base metals target within the West Fox prospect.

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Orvana files technical reports for Don Mario, Orovalle

Orvana Minerals Corp. has filed its annual information form (AIF) for the year ended Sept. 30, 2020, and independent technical reports on the Don Mario oxide stockpile project (OSP) and the Orovalle operation.

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Maple Gold Mines closes $10-million bought deal

Maple Gold Mines Ltd. has closed its previously announced bought deal offering of common shares of the company with BMO Capital Markets.

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Black Iron continues offtake process for Shymanivske

Black Iron Inc.’s management recently hosted representatives from a company interested to secure offtake rights from the Shymanivske iron ore project at site in Ukraine as part of the currently continuing competitive offtake process involving several steel mills and global traders. These companies are interested to secure the rights to purchase Black Iron’s expected ultra high grade 68% pellet feed at a slight discount to market in exchange for making an investment towards Project construction.

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Revival Gold achieves zero lost-time incidents in 2020

Revival Gold Inc. has provided a summary of the company’s key 2020 accomplishments advancing the past-producing Beartrack-Arnett gold project located in Idaho, United States.

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Orca Gold issues 193,568 shares to directors, officers

Orca Gold Inc. has issued an aggregate of 193,568 common shares to directors and officers of the company on Dec. 30, 2020, pursuant to a compensation arrangement previously announced on Dec. 23, 2019, and approved by the TSX Venture Exchange.

The common shares issued are subject to a four-month-and-one-day hold period commencing on the date of issuance.

Ynvisible names Evis adviser; closes $4.5M financing

Ynvisible Interactive Inc. has strengthened its advisory board with the addition of Seda Evis, a business, user-centred design and finance leader. By uniting business expertise, research talent, and financial resources, Ynvisible aims to build innovative solutions and technology standards that provide an easy visual interface for the Internet of Things (IoT). Seda Evis is joining the Ynvisible Advisory Board as Ramin Heydarpour has joined the Ynvisible Board of Directors as of December 2020.

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Eloro revises local dial-in number for annual meeting

Due to a technical difficulty, the local Toronto dial-in number Eloro Resources Ltd. provided in connection with its annual and special meeting to be held through teleconference on Dec. 30, 2020, at 1 p.m. EST cannot be used with the provided participant passcode. Attendees of the Meeting can still utilize the toll-free number, and in situations where that is not possible the following replacement local dial-in number can be utilized:

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