Metals Update 20/01/2021

Radisson drills eight m of 14.9 g/t Au at O’Brien

Radisson Mining Resources Inc. has released significant high-grade gold intercepts from the continuing exploration drill program at its 100-per-cent-owned O’Brien gold project located along the Larder-Lake-Cadillac break, halfway between Rouyn-Noranda and Val d’Or in Que., Canada.

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Kincora drills 74 m of 0.4% Cu, 0.37 g/t Au at Trundle

Kincora Copper Ltd. has provided further assay results from continuing drilling at the Trundle brownfield project located in the Macquarie Arc of the Lachlan fold belt in New South Wales, Australia.

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Critical Elements’ Rose info received by committee

The joint assessment committee established by the Impact Assessment Agency of Canada and the Cree nation government confirmed on Jan. 14, 2021, having received all information required to allow the committee to complete the environmental assessment of Critical Elements Lithium Corp.’s Rose lithium-tantalum project and prepare the draft environmental assessment report. This is a significant step in the federal process of obtaining the authorization for the Project, which runs parallel to the provincial process updated in the news release of January 18, 2021. We are grateful to the governmental employees involved in both the federal and provincial permitting processes for their ongoing efforts through this difficult COVID-19 impacted work environment.

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FPX Nickel expects to settle $3.45M debt for shares

FPX Nickel Corp. intends to convert the full amount of principal and interest owing on the long-term loan provided to the company by a private shareholder, totalling approximately $3,453,051, into 5,312,386 common shares of the company at a price of 65 cents per share. On completion of the debt conversion, the private shareholder loan will be extinguished and the company will be debt free.

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Kincora subsidiary hit with $950,000 (U.S.) in taxes

Kincora Copper Ltd.’s Mongolian subsidiary, Golden Grouse IBEX LLC (GGI), has received a tax act for 2.7 billion tugriks, approximately $950,000 (U.S.), from the Mongolian Tax Authority (MTA).

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Plateau Energy Metals CEO Holmes resigns

Alex Holmes, Plateau Energy Metals Inc.’s chief executive officer, has notified the board of directors of the company of his intention to resign from his position of CEO, effective Feb. 12, 2021. Mr. Holmes will continue to serve the Company as a strategic advisor and a member of the Board of Directors. The Compensation, Corporate Governance and Nominating Committee of the Board will commence a process to identify a successor. Until such time, Dr. Laurence Stefan the Company’s President and Chief Operating Officer, will assume the role of interim CEO.

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