Nouveau Monde Announces Robust Preliminary Economic Assessment With Pre-Tax NPV of $403.7 Million and IRR of 31.2 %, Concerning its Tony Claim Block-Matawinie Graphite Property

GATINEAU, QUEBEC--(Jun 22, 2016) - Nouveau Monde Mining Enterprises Inc. ("Nouveau Monde") (TSX VENTURE:NOU)(OTC PINK:NMGRF)(NM9.F) is pleased to announce the results of a Preliminary Economic Assessment ("PEA") covering the West Zone of the Tony Claim Block, part of its Matawinie Graphite Property. The PEA was prepared by Norda Stelo Inc. (formerly Roche Ltd., Consulting Group), an experienced and renowned engineering firm. All costs are in Canadian funds with the exception of the graphite sale price which is provided in US dollars.
 
Eric Desaulniers, President and Chief Executive Officer of Nouveau Monde, stated: "The completion of this first PEA is a significant milestone for Nouveau Monde and demonstrates that the Matawinie Project has the potential of becoming a reliable and long-term supplier of quality natural flake graphite."
Published: 23 June 2016
Written by Editor
Up on News   Project Update   TSXV  
Read more: Nouveau Monde Mining Enterprises ( NOU )

By Chris Berry: Disruptive Discoveries Journal

I'm just back and recovering from a week in Las Vegas where the 8th Annual Lithium Supply and Markets Conference hosted by Metal Bulletin took place. Sentiment in the industry is overwhelmingly positive as the ubiquity of technology and the cost deflation associated with that technology (EVs, consumer electronics) means that lithium ion battery chemistry will remain central to this growth. The event was attended by lithium industry participants including major producers Albemarle (ALB:NYSE), SQM (SQM:NYSE), and FMC (FMC:NYSE), cathode manufacturers, investment professionals, and junior mining companies, so coming away with a clear view of the market was facilitated.
 
It looks like my demand estimate of ~270,000 tonnes LCE by 2020 will be met. Supply, on the other hand, is always a wild card in the mining sector and my proprietary estimates indicate that the current tight lithium market may remain in place for longer than first anticipated. 
 
Published: 01 June 2016
Written by Editor
opinion   blog  

Independent Advisory Firms ISS and Glass Lewis Support Argentex Plan of Arrangement With Austral Gold

ANCOUVER, BRITISH COLUMBIA--(May 3, 2016) - Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTC PINK:AGXMF) is pleased to announce that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have both recommended that Argentex shareholders vote FOR the proposed acquisition by Austral Gold of all remaining Argentex shares through a plan of arrangement.
 
ISS and Glass Lewis are two leading independent proxy advisory firms that provide voting recommendations to institutional investors. Their endorsement of the resolution highlights the strategic rationale and financial considerations of the Transaction to Argentex shareholders.
 
The ISS recommendation concludes that, "In light of the significant implied premium, the favourable market reaction, and the reasonable strategic rationale, shareholder approval of this resolution is warranted". Glass Lewis also provided a recommendation, finding "we believe that the proposed merger warrants shareholder support at this time".
Published: 03 May 2016
Written by Editor
M & A   Up on News   TSXV  
Read more: Argentex Mining Corporation ( ATX )

Altius Minerals Corporation Reports Quarterly Attributable Revenue of $7,301,000 and Adjusted EBITDA of $6,273,000

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(March 16, 2016) - Altius Minerals Corporation ("Altius" or the "Corporation") (ALS.TO) reports attributable revenue (1) of $7,301,000 and adjusted EBITDA (2) of $6,273,000, or $0.16 per share, for the quarter ended January 31, 2016. This compares to attributable revenue of $7,583,000 and adjusted EBITDA of $5,200,000, or $0.16 per share, for the corresponding period last year.
 
A net loss of $16,794,000, or ($0.42) per share was recorded during the quarter resulting largely from non-cash asset impairments of $17,773,000. This compares to a net loss of $5,701,000 and ($0.18) per share, in the prior year corresponding quarter.
 
For the nine months ended January 31, 2016, the Corporation has attributable revenue of $25,620,000, adjusted EBITDA of $20,143,000, or $0.51 per share, and a net loss of $18,476,000, or ($0.46) per share. In the corresponding period in the prior year, the Corporation had attributable revenue of $21,827,000, adjusted EBITDA of $17,954,000, or $0.56 per share and a net loss of $39,150,000.
Published: 16 March 2016
Written by Editor
TSX   Financial Results   Up on News  
Read more: Altius Minerals Corporation ( ALS )

First Mining to Acquire Clifton Star Resources Inc.

VANCOUVER, BRITISH COLUMBIA--(Feb 12, 2016) - First Mining Finance Corp. ("First Mining") (TSX VENTURE:FF)(FFMGF) and Clifton Star Resources Inc. ("Clifton Star") (TSX VENTURE:CFO) are pleased to announce that the companies have entered into a definitive arrangement agreement (the "Agreement") pursuant to which First Mining has agreed to acquire all of the issued and outstanding common shares of Clifton Star in exchange for one common share of First Mining for each Clifton Star common share held. On completion of the transaction, Clifton Star will become a wholly-owned subsidiary of First Mining and former shareholders of Clifton Star will hold approximately 13.6% of the issued and outstanding shares of First Mining. The parties to the transaction are at arm's length. The transaction implies a value of CAD$0.425 per Clifton Star share based on the closing prices of each company's common shares on the TSX Venture Exchange ("TSXV") on February 11, 2016, which represents a premium of approximately 130% to Clifton Star's closing price on February 11, 2016. Based on the 30 day volume-weighted average price ("VWAP") of each of the companies ending on February 11, 2016, the offer represents a premium of approximately 122% to Clifton Star's 30 day VWAP.

Published: 12 February 2016
Written by Editor
M & A   Up on News   TSXV  
Read more: Clifton Star Resources Inc ( CFO )
  1. 2016: There's Something in the Air
  2. The Revival of Natural Resources: Escaping the Downturn
  3. Brilliant Resources Inc ( BLT )
  4. Capstone Mining Corp ( CS )
  5. Auryn Resources Inc ( AUG )

Subcategories

Potash / Phosphate

Platinum