Category: Natural Resources

Monday, September 21, 2020

Minerals Industry Report

Insights from the Precious Metals Summit

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to end of report for Analyst Certification & Disclosures

• Precious Metals Summit goes virtual without missing a beat. The Precious Metals Summit went virtual this year and was held September 15-17. A diverse mix of business models including royalty companies, explorers, developers, and producers encompassed a broad range of precious and base metals. Jurisdiction attractiveness was a major point of differentiation highlighted in most presentations and panel discussions highlighted the importance for investors, during a precious metals bull market, to gauge the quality of managements since they are key to successful project identification and execution. A presentation by Stephen Moore, an advisor to President Trump, was interesting partly due to his veering from precious metals to make bullish comments on uranium and the potential for President Trump to issue an executive order declaring uranium a strategic resource for the United States. A panel featuring prominent buy-siders offered interesting insights ranging from their formulation of commodity price decks to what they look for in company presentations.
• Resurgence of exploration activity. With rising metals prices, increased exploration activity is evident, not just in the number of new exploration projects and the resurrection of some projects that might have been unprofitable at lower prices, but also increasing budgets for greenfield and brownfield exploration across the sector. The financing environment has improved markedly versus a year ago and generalist investors have returned to the sector.
• Resumption of M&A? A buyside panel highlighted that COVID-19 has made deal consummation difficult given that management teams are not as able to physically conduct site visits and due diligence meetings. As a result, M&A activity driven by acquirers’ needs to replenish reserves and/or achieve scale could accelerate once travel and physical interaction are less limited. More virtual discussions are likely taking place than meet the eye and, in some respects, the current environment may provide an opportunity for those able to make decisions without the usual protocols.
• Metals outlook remains constructive. While the equities of major mining companies were the first to benefit from rising prices, interest has filtered down to the junior mining universe. While the conference offered many views on the trajectory of precious metals prices, we believe the outlook remains constructive. Interest in metals linked to electrification and clean energy continues to build and there was plenty of discussion around copper, nickel, and palladium as beneficiaries of these themes.

GENERAL DISCLAIMERS

All statements or opinions contained herein that include the words “we”, “us”, or “our” are solely the responsibility of Noble Capital Markets, Inc.(“Noble”) and do not necessarily reflect statements or opinions expressed by any person or party affiliated with the company mentioned in this report. Any opinions expressed herein are subject to change without notice. All information provided herein is based on public and non-public information believed to be accurate and reliable, but is not necessarily complete and cannot be guaranteed. No judgment is hereby expressed or should be implied as to the suitability of any security described herein for any specific investor or any specific investment portfolio. The decision to undertake any investment regarding the security mentioned herein should be made by each reader of this publication based on its own appraisal of the implications and risks of such decision.

This publication is intended for information purposes only and shall not constitute an offer to buy/sell or the solicitation of an offer to buy/sell any security mentioned in this report, nor shall there be any sale of the security herein in any state or domicile in which said offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or domicile. This publication and all information, comments, statements or opinions contained or expressed herein are applicable only as of the date of this publication and subject to change without prior notice. Past performance is not indicative of future results. Noble accepts no liability for loss arising from the use of the material in this report, except that this exclusion of liability does not apply to the extent that such liability arises under specific statutes or regulations applicable to Noble. This report is not to be relied upon as a substitute for the exercising of independent judgement. Noble may have published, and may in the future publish, other research reports that are inconsistent with, and reach different conclusions from, the information provided in this report. Noble is under no obligation to bring to the attention of any recipient of this report, any past or future reports. Investors should only consider this report as single factor in making an investment decision.

IMPORTANT DISCLOSURES

This publication is confidential for the information of the addressee only and may not be reproduced in whole or in part, copies circulated, or discussed to another party, without the written consent of Noble Capital Markets, Inc. (“Noble”). Noble seeks to update its research as appropriate, but may be unable to do so based upon various regulatory constraints. Research reports are not published at regular intervals; publication times and dates are based upon the analyst’s judgement. Noble professionals including traders, salespeople and investment bankers may provide written or oral market commentary, or discuss trading strategies to Noble clients and the Noble proprietary trading desk that reflect opinions that are contrary to the opinions expressed in this research report.
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Company Specific Disclosures

The following disclosures relate to relationships between Noble and the company (the “Company”) covered by the Noble Research Division and referred to in this research report.
Noble is not a market maker in any of the companies mentioned in this report. Noble intends to seek compensation for investment banking services and non-investment banking services (securities and non-securities related) with any or all of the companies mentioned in this report within the next 3 months

ANALYST CREDENTIALS, PROFESSIONAL DESIGNATIONS, AND EXPERIENCE

Senior Equity Analyst focusing on Basic Materials & Mining. 20 years of experience in equity research. BA in Business Administration from Westminster College. MBA with a Finance concentration from the University of Missouri. MA in International Affairs from Washington University in St. Louis.
Named WSJ ‘Best on the Street’ Analyst and Forbes/StarMine’s “Best Brokerage Analyst.”
FINRA licenses 7, 24, 63, 87

WARNING

This report is intended to provide general securities advice, and does not purport to make any recommendation that any securities transaction is appropriate for any recipient particular investment objectives, financial situation or particular needs. Prior to making any investment decision, recipients should assess, or seek advice from their advisors, on whether any relevant part of this report is appropriate to their individual circumstances. If a recipient was referred to Noble Capital Markets, Inc. by an investment advisor, that advisor may receive a benefit in respect of
transactions effected on the recipients behalf, details of which will be available on request in regard to a transaction that involves a personalized securities recommendation. Additional risks associated with the security mentioned in this report that might impede achievement of the target can be found in its initial report issued by Noble Capital Markets, Inc. This report may not be reproduced, distributed or published for any purpose unless authorized by Noble Capital Markets, Inc.

RESEARCH ANALYST CERTIFICATION

Independence Of View
All views expressed in this report accurately reflect my personal views about the subject securities or issuers.

Receipt of Compensation
No part of my compensation was, is, or will be directly or indirectly related to any specific recommendations or views expressed in the public appearance and/or research report.

Ownership and Material Conflicts of Interest
Neither I nor anybody in my household has a financial interest in the securities of the subject company or any other company mentioned in this report.

NOTE: On August 20, 2018, Noble Capital Markets, Inc. changed the terminology of its ratings (as shown above) from “Buy” to “Outperform”, from “Hold” to “Market Perform” and from “Sell” to “Underperform.” The percentage relationships, as compared to current price (definitions), have remained the same. Additional information is available upon request. Any recipient of this report that wishes further information regarding the subject company or the disclosure information mentioned herein, should contact Noble Capital Markets, Inc. by mail or phone.

Noble Capital Markets, Inc.
225 NE Mizner Blvd. Suite 150
Boca Raton, FL 33432
561-994-1191

Noble Capital Markets, Inc. is a FINRA (Financial Industry Regulatory Authority) registered broker/dealer.
Noble Capital Markets, Inc. is an MSRB (Municipal Securities Rulemaking Board) registered broker/dealer.
Member – SIPC (Securities Investor Protection Corporation)

Comstock Mining Announces New Director;
Sets Annual Meeting and Record Dates

Virginia City, NV (September 16, 2020) Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE American: LODE) announced today the election of Mr. Judd B. Merrill, 49, to its Board of Directors. Mr. Merrill is currently the Chief Financial Officer of Aqua Metals, Inc. a clean AquaRefining™ metal recycling technology, since 2018.

Mr. Merrill brings extensive public company mining and clean mineral technology industry experience to Comstock. Prior to joining Aqua Metals (NASDAQ: AQMS), Mr. Merrill was the Chief Financial Officer of Comstock, and the Director of Finance & Accounting at Klondex Mines Ltd. (NYSE: KLDX), a North American based gold and silver mining company that, prior to its acquisition by Hecla Mining Company (NYSE: HL) was a $500 million, publicly traded company listed on the both New York and the Toronto Stock Exchanges. Mr. Merrill previously held financial management positions at Fronteer Gold Inc. and Newmont Mining Corporation. Mr. Merrill started his career as an auditor, working for the independent accounting firm of Deloitte and Touche.

Mr. Corrado De Gasperis, Executive Chairman and CEO, said, “We are very pleased to welcome Judd Merrill to Comstock’s Board of Directors. His mining, clean technology, financial and public company experience makes him a productive and valuable independent director for our shareholders, especially as we implement our precious-metal focused strategic plans and commercialize our environment-enhancing, clean mercury technologies.”

Mr. Merrill was previously employed by Comstock Mining Inc. for over six years, with financials positions of increasing responsibility, including Chief Financial Officer and Corporate Secretary. Mr. Merrill has been away from Comstock for over three years and qualifies as an independent director and we look forward to introducing him to our shareholders at the 2020 Annual Meeting of Shareholders.

The 2020 Annual Meeting of Shareholders is scheduled for Wednesday, November 18, 2020, at the historic Brewery Arts Center, 449 W. King Street, Carson City, Nevada. The meeting will begin at 9:00 a.m., and will include an update on the Company’s corporate alignment, geological developments and the gold industry.

The 2020 Annual Meeting schedule for November 18, 2020, is as follows:
8 a.m. – 9 a.m. – Continental Breakfast
9 a.m. – Noon – 2020 Annual Shareholders Meeting, Company Presentations, Q&A
Lunch will be served at the Brewery Arts Center following the presentations.

For the convenience of Shareholders, they may attend the Annual Meeting through a webcast at: www.virtualshareholdermeeting.com/LODE2020

Due to COVID-19 guidelines put forth by the State of Nevada, seating is limited for Shareholders and is based on a first-come, first-served basis by registering at the Company website: https://www.comstockmining.com/investors/asm2020

The record date for the Annual Meeting is September 24, 2020. Only shareholders of record at the close of business on September 24, 2020, may vote at the meeting. The Company’s proxy statement will be sent to shareholders of record and will describe the matters to be voted upon.

About Comstock Mining Inc.

Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining that is currently commercializing environment-enhancing, precious-metal-based technologies, products and processes for precious metal recovery. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The Company’s goal is to grow per-share value by commercializing environment-enhancing, precious-metal-based products and processes that generate predictable cash flow (throughput) and increase the long-term enterprise value of our northern Nevada based platform.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; the possible redemption of debentures and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact information

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com

Comstock Mining Inc.
1200 American Flat Rd
PO Box 1118
Virginia City, NV 89440
http://www.comstockmining.com

Zach Spencer
Director of External Relations
Tel (775) 847-5272 ext.151
questions@comstockmining.com

Tuesday, September 15, 2020

Comstock Mining (LODE)

Completes Sale of Lucerne While Retaining Economic Exposure

Comstock Mining Inc is a mining company with a focus on gold and silver deposits in the Comstock and Silver City mining districts in Nevada. Its operations are divided into two segments, namely mining and real estate. Its mining projects include The Lucerne Resource area, the Dayton Resource area, the Spring Valley exploration target, the Northern Extension, Northern Targets and Occidental areas. The Real Estate segment involves land, real estate rental properties and a hotel, restaurant & bar provided by the Gold Hill Hotel located in Gold Hill, Nevada just south of Virginia City and the Daney Ranch, located just south of Silver City. The majority revenues are generated from the real estate segment.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Sale of Lucerne completed. Comstock Mining closed the sale of its Lucerne property to Tonogold Resources, Inc. (OTC: TNGL, Not Rated). Consideration, much of which has been realized, includes $7.1 million in cash, $6.1 million in convertible preferred stock, and a $4.475 million, 12% notes receivable that is due and payable on September 20, 2021. Tonogold assumed $6.7 million in future lease and reclamation obligations.


Sharing in Lucerne’s success.  Comstock retained a 1.5% net smelter return (NSR) royalty on Lucerne and a lease option agreement for Tonogold to use Comstock’s American Flat processing facility to process material from the mine which could generate additional revenue assuming the mine goes into production. Therefore, Comstock is able to share in the success of a project that is being funded and …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Thoughts Heading into the 2020 Precious Metals Summit

In 2019, nearly 1,100 persons attended the annual Precious Metals Summit at the Beaver Creek Resort in Colorado. Over 180 companies and 262 buy-side firms were also represented. This year the conference will be virtual, and indications are attendance and participation may surpass last year’s. Noble Capital Markets will be represented at the Summit by Senior Mining Analyst Mark Reichman, along with the expected increased attendance. The summit provides an opportunity to meet with management teams in one-on-one settings and includes programs featuring panel discussions, interviews, and presentations. While the conference name is a bit of a misnomer since companies in attendance include producers of predominantly base metals as well, it is considered a premier venue for identifying up-and-coming junior mining companies, encompassing explorers, developers, and producers.

A Brief Look at Mining Stock Performance and Metals Prices

Year-to-date through September 11, the VanEck Vectors Gold Miners (GDX) and Junior Gold Miners (GDXJ) were up 40.6% and 37.6%, respectively. More broadly, mining companies, as measured by the XME, are down 18.2% compared to price appreciation of 3.4% for the broader market as measured by the S&P 500 index. Gold and silver futures prices increased 25.6% and 48.5%, respectively. With respect to base metals, copper and zinc futures prices increased 8.0% and 6.9%, respectively, while lead futures prices declined by 1.7%. Precious metals investors who left the conference last year with some promising investment ideas, along with conviction that gold and silver prices were headed higher, likely found the event worthwhile.

Key Topics for This Year

While the political and macroeconomic environment will be on investors’ minds as they influence metals prices, discussions with management will likely focus on company-specific value drivers and risks. Given the strength in gold and silver prices and corporate valuations, attention may focus on M&A and, for producers, free cash flow generation and uses of cash. The recent resignation of Rio Tinto’s Chief Executive Officer following the company’s destruction of a 46,000-year-old sacred Aboriginal site in Australia might also elicit more conversations around social license and other environmental, social, and governance topics. Beyond the usual interest in M&A, the conference may draw new investors that are interested in secular themes, including electrification and the pivot away from fossil fuels to renewables. Therefore, producers of metals, including copper, nickel, palladium, and silver, that are critical to battery and clean energy technologies are likely to be popular.

Conclusion

Due to growing interest in metals critical to battery and renewable energy technologies, the conference organizers may want to consider rebranding the conference to draw and better reflect a broader range of participants. In the past, The Precious Metals Summit was geared more toward junior mining companies with an emphasis on explorers and developers, while the Gold Forum Americas, generally held immediately after in Denver, was perceived as the venue for larger precious metals mining companies. In recent years, there has been some overlap. Rebranding the Precious Metals Summit to encompass more than just precious metals, i.e., Precious Metals and More, could be a way to draw a sharper distinction between the two conferences.

While industry-specific conferences are helpful for investors, ChannelChek is positioned as a broader resource for micro and small-cap investors. Along with independent company and industry research, ChannelChek’s product suite includes C-Suite video interviews, virtual roadshows, timely articles, and company-specific data sets, all at no cost to the subscriber. While many of the mining companies covered by Noble Capital Markets will be attending the Precious Metals Summit, investors can find more information about them on Channelchek in addition to our analyst’s latest insights.

Suggested Content:

Video, Comstock Mining C-Suite Interview

Video, Golden Predator C-Suite Interview

Video, Sierra Metals Virtual Roadshow Replay

Subscribe to Channelchek’s YouTube Channel

Sources:

2020 Precious Metals Summit Beaver Creek (Virtual), Event Home Page, Precious Metals Summit Conferences, LLC, 2020.

A Mining Company Blew
Up A 46,000-Year-Old Aboriginal Site. Its CEO is Resigning, NPR, Merrit Kennedy, September 11, 2020.

Denver Gold Group Presents The 32^nd Annual Gold Forum
Americas / XPL-DEV 2020, Home Page, Gold Forum Americas, 2020.

Monday, September 14, 2020

Coeur Mining (CDE)

Increasing Estimates; Upgrading to Outperform

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Increasing estimates.  Following a review of our third quarter estimates, we are increasing our 2020 EPS and EBITDA estimates to $0.07 and $191.8 million from $0.05 and $190.6 million, respectively. Additionally, we have raised our 2021 EPS and EBITDA estimates to $0.28 and $279.9 million from $0.23 and $251.9 million, respectively. Our increased estimates reflect gross margin improvement due to higher commodity prices and reductions in some expense items, including amortization.


Constructive metals price outlook.  In our view, the outlook for gold and silver prices remains favorable albeit with anticipated volatility. We think gold prices in the range of $1,750 to $2,000 and silver in the mid-$20s appear durable and we believe the macroeconomic outlook could support an upward trend with …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Thursday, September 10, 2020

Comstock Mining (LODE)

Pelen Purchase Option Could Enhance LODE’s Growing Royalty Portfolio

Comstock Mining Inc is a mining company with a focus on gold and silver deposits in the Comstock and Silver City mining districts in Nevada. Its operations are divided into two segments, namely mining and real estate. Its mining projects include The Lucerne Resource area, the Dayton Resource area, the Spring Valley exploration target, the Northern Extension, Northern Targets and Occidental areas. The Real Estate segment involves land, real estate rental properties and a hotel, restaurant & bar provided by the Gold Hill Hotel located in Gold Hill, Nevada just south of Virginia City and the Daney Ranch, located just south of Silver City. The majority revenues are generated from the real estate segment.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Lease extension and purchase option. LODE executed an assignable lease agreement with the Sutro Tunnel Company that includes patented mining claims and exploration rights in the Gold Hill and Virginia City Mining District in Storey County, NV and includes properties that are part of the Lucerne mining properties and a portion of the mineral exploration lease with Tonogold Resources (OTC: TNGL, Not Rated). The lease has an initial term of 5 years but is renewable for 15 years or longer and includes a 4% net smelter royalty payable to Sutro, along with minimum monthly payments. Recall that Sutro is owned by Pelen LLC, of which Comstock owns 25% and now has a three-year option to acquire the remaining 75% interest for $3.75 million if exercised within one year, with an increasing purchase price in the second and third years, with 50% of the option payments cumulatively applied to the purchase price. Assuming LODE exercises its purchase option, which we think is likely, it would be entitled to a 5.5% net smelter royalty on the associated properties.


Tonogold commences initial drilling program.  Tonogold’s initial drilling program commenced this month and will test the 3-kilometer strike length of the main Comstock Lode. The program will have a two-tier focus, including drilling above and below the Sutro Tunnel and targeting areas where historic records indicate the potential for high-grade intercepts. The initial program is expected to take …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Comstock Mining Extends Mineral Leases; Secures Strategic Purchase Option

Virginia City, NV (September 9, 2020) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) and Comstock Northern Exploration, LLC (“Comstock”), a wholly-owned subsidiary of the Company, entered into a Mineral Exploration and Mining Lease Agreement (the “Lease”) with the Sutro Tunnel Company (“Sutro”), in order to lease certain patented mining claims, exploration rights and town lots in the Gold Hill and Virginia City Mining District in Storey County, Nevada (collectively, the “Sutro Properties”). The Company previously had exclusive rights to explore and mine these same properties and mineral claims beginning in 2008.

The Lease is assignable by Comstock and these properties make up part of the Lucerne mine properties and part of the Mineral Exploration lease with Tonogold Resources Inc. (“Tonogold”). Tonogold is a strategic partner and investee of the Company, and they recently announced the commencement of an initial and major exploration and evaluation of Comstock Lode properties including the Occidental Lode, the Lucerne and many of the most historic bonanza’s including but not limited to the Collar Potosi, Belcher, Overman, Gould & Curry, Consolidated Imperial, Woodville, Crown Point and Yellow Jacket mineral properties, where historic production recovered over 8 million ounces of gold and almost 200 million ounces of silver. The Company has preferred shares convertible to 33.2 million Tonogold common shares.

Tonogold has also announced that it recently completed a $4.25 million equity capital raise, over $6 million in cash and an additional $3.5 million in drilling equity credit, fully funding an estimated $7 million initial drill program, in one of the most historically significant portions of the Comstock Lode. Tonogold’s initial drill program will focus on the nearly 2-mile mineralized strike where most of the historical production came from above approximately 1,600 feet in depth, where more favorable mining conditions were enabled by the dewatering of the Sutro Tunnel. Tonogold has conducted extensive research and uncovered mining reports and data that indicate significant potential for higher grade discoveries, at depths consistent with and below 1,600 feet.

The Lease has a term of up to 20 years or longer, with a 4% net smelter royalty payable to Sutro. The Sutro Tunnel Company is a wholly-owned subsidiary of Pelen Limited Liability Company (“Pelen”). The Company previously acquired and owns 25% of the outstanding equity of Pelen. In connection with entering into the long-lived Lease, the Company purchased an option (the “Option”) to acquire the remaining 75% of the equity of Pelen (the “Pelen Equity”). The Option has a term of up to three years. The Option is exercisable so long as the Company makes payments of $100,000 per year ($100,000 of which was paid by the Company upon signing the Option). Pursuant to the Option, the Company is entitled to purchase the Pelen Equity for $3,750,000 if exercised within one year, with an increasing purchase price for the second and third years, with half of the option payments being cumulatively applicable to the purchase price.

Mr. Corrado De Gasperis, Executive Chairman and CEO stated, “Our collaboration with Tonogold has expanded from their initial purchase of Lucerne, that we anticipate completing in the near term, to an expansive exploration drilling program targeting some of the highest grade sections of the Comstock Lode. We remain an owner, investor and royalty holder, and we very much look forward to the exploration results over the next few months and well into next year. There is a genuine sense of excitement seeing these rigs mobilized and drilling on the Comstock.”

About Comstock Mining Inc.

Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining that is currently commercializing environment-enhancing, precious-metal-based technologies, products and processes for precious metal recovery. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The Company’s goal is to grow per-share value by commercializing environment-enhancing, precious-metal-based products and processes that generate predictable cash flow (throughput) and increase the long-term enterprise value of our northern Nevada based platform.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; the possible redemption of debentures and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact information

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com

Comstock Mining Inc.
1200 American Flat Rd
PO Box 1118
Virginia City, NV 89440
http://www.comstockmining.com

Zach Spencer
Director of External Relations
Tel (775) 847-5272 ext.151
questions@comstockmining.com

Golden Predator Acquires 20% of Group 11 Technologies

Environmentally-Friendly Solutions and In Place Mining to Extract Precious Metals

Vancouver, BC, September 2nd, 2020: Golden Predator Mining Corp. (TSX-V: GPY) (OTCQB: NTGSF) (the “Company“) announced today that the Company has entered into final Agreements for a 20% ownership positions in Group 11 Technologies Inc., (“Group 11”) a United States-based private company committed to testing and implementing non-invasive in-situ recovery (ISR) of precious metals with the use of environmentally-friendly solutions. Effective August 28th, 2020 Group 11 has finalized all necessary Organizational, Shareholder, and Licensing documentation with its founding partners and will now commence formal operations. Group 11’s initials steps will include acquisition and subsequent testing of gold projects, already identified, that demonstrate specific qualities lending themselves to the Company’s environmentally and economically superior processes. Group 11 is committed to providing commercially viable, sustainable alternatives to conventional mining for the extraction and processing of precious metals.

Group 11 was founded and is owned by enCore Energy Corp. (“enCore”) (TSXV: EU; OTCQB: ENCUF) with 40% of the common stock, EnviroLeach Technologies Inc. (“EnviroLeach”) (CSE : ETI; OTCQB: EVLLF) with 40% of the common stock and Golden Predator Mining Corp. (“Golden Predator”) (TSXV: GPY; OTCQB: NTGSF) with 20% of the common stock. EnCore has contributed $750,000 in initial funding and will provide in-situ extraction expertise, EnviroLeach has entered into a license agreement with Group 11 for the use of its environmentally friendly metal recovery process and will provide chemical and metallurgical expertise, Golden Predator will contribute mobile processing equipment and expertise in utilizing EnviroLeach’s environmentally friendly solution for recovery of gold from sulphide concentrates. Group 11, a private company, will finance all ongoing research and development expenditures for in-situ and secondary recovery applications.

About Group 11 Technologies Inc.

Sustainable metals extraction is a serious challenge for the mining industry which faces mounting concerns over its environmental and carbon footprint, energy consumption, operational safety and especially its impact on water use and water quality while responding to an ever-increasing need for metals in our daily lives. Each Group 11 owner brings a vital skill set to address these challenges and create a unique business opportunity. Group 11 is backed by a first-class staff of scientists and engineers; an extraordinary data set; independent technical validations; strategic relationships; over $20 million in research and development; and commercially proven processes and technologies.

Janet Lee-Sheriff, Chief Executive Office said: “We are extremely proud of the contribution our processing plant’s batch processing unit (SRU™) has contributed to Group 11’s team. With the world’s first on-site test of the EnviroLeach cyanide-free metals recovery process we have demonstrated that their process and our mobile plant can economically recover gold from sulfide concentrates, which is a valuable business opportunity.”

Background on Non-Invasive Extraction Technology

Non-invasive extraction of minerals has been successfully implemented in the mining sector with many innovators and patent holders in the field on the team at enCore, one of the Group 11 partners. These innovators pioneered In-situ Recovery (“ISR”) which has been successfully utilized to recover metals including uranium and copper using liquid solutions other than cyanide. Group 11 is committed to the development and application of ISR extraction for gold and other metals using EnviroLeach’s patented environmentally friendly process along with enCore’s expertise in ISR extraction. This combination of expertise will advance a business model that has potential to disrupt the conventional mining industry.

In-Situ Recovery (meaning ‘in place’) is a non-invasive extraction method that has transformed the uranium industry. In ISR, diluted water-based solutions are circulated underground, dissolving the targeted metals, and returned to surface for further processing and recovery of the target metals. ISR means no open pits or underground tunnels, no tailings or large waste dumps and no discharge of noxious chemical at surface. It therefore has the potential to be a low-impact, low capital cost mining method. When many projects are burdened by remediation and rehabilitation requirements, ISR means substantially reduced mine-closure time and costs compared to conventional practices. In addition, energy requirements, water usage and the environmental footprint of mining projects can be significantly reduced using ISR technology.

About the Golden Predator Process

Golden Predator’s test processing plant, the first of its kind in Yukon, Canada, operated from 2016 -to 2020 providing increased metallurgical and geological understanding of one of the Company’s projects. A closed-circuit water system with no added chemicals due to the free-milling nature of the gold, Golden Predator partnered with EnviroLeach to utilize its patent pending environmentally-friendly cyanide-free solution in its custom-built mobile extraction unit (“SRU”) to process its sulphide concentrates. The cumulative testing resulted in a total calculated recovery of 93.17% of the gold contained in the concentrate. This work lead to the eventual combination of Golden Predator’s SRU™, enCore Energy Corp.’s ISR expertise and EnviroLeach’s technology in partnerships within Group 11 to consider alternate extraction technologies for precious metals.

Group 11 Technologies Inc. (‘Group 11’) is a private US-based company committed to the development and application of environmentally and socially responsible mineral extraction. Its combination of non-invasive extraction technology and environmentally friendly processes to recover gold and other metals provides an alternate solution to conventional open pit and underground mineral extraction. The goal of advancing sustainable extraction considers growing concerns surrounding water use and discharge, carbon footprint, energy consumption and safety while addressing a growing global need for metals in our daily lives.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and a Bankable Feasibility Study underway to evaluate a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company. Golden Predator Mining Corp. has spearheaded and successfully applied the EnviroLeach technology to the recovery of gold from sulfide concentrates where cyanide is not feasible or permitted, using its proprietary mobile recovery unit.

For additional information:

Janet Lee-Sheriff
Chief Executive Officer
(604) 260-5029
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements express or implied regarding completion of the transactions described herein, the upcoming season at 3 Aces project, and projected grades and gold and silver recoveries from the 2018 and proposed 2019 bulk sample program, Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

Comstock Mining Contracts to Lease and Sell Daney Ranch for $2.7 Million; Positions Strategic Drilling Services for the Dayton Resource Area and Spring Valley Exploration Targets

Virginia City, NV (September 2, 2020) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) announced that it has contracted to lease and sell one of its three major non-mining assets, the Daney Ranch property, located near Dayton, Nevada, for a purchase price of at least $2.7 million. The Company entered into an agreement with the owner of an established exploration and mine development drilling services company, to lease the facility for $9,000 per month, for up to 24 months, and the assumption of all maintenance, upgrades and repairs as the responsibility of the lessor. If the transaction closes within two years, the lease payments are creditable to the purchase price. If not, the lease payments increase to $10,000 for a third year, and prior payments no longer apply to the $2.7 million purchase price.

Mr. Corrado De Gasperis, Executive Chairman and CEO stated, “We now have all three major non-mining assets under contract with contracted sales prices totaling nearly $14 million. This transaction validates our assessment of the land values, while providing monthly cash income, reducing monthly expenses and freeing maintenance resources as we ramp up MCU. We have also created a truly strategic and local drilling partner for us, enhancing the liquidity, speed and likelihood of both closing this favorable transaction, and commencing exploration and development drilling on our Dayton Resource.”

The Daney Ranch is a 225-acre ranch in Dayton, NV, bordering the Company’s historic Daney patent, at the southern end of the Company’s three-mile contiguous mineralized trend starting at the Dayton resource area, near Silver City, down through the southern tip of the Spring Valley exploration targets.

The Company recently announced its plans to conduct airborne geophysical surveys of its wholly owned Dayton resource area and adjacent Spring Valley exploration targets. Geotech expects to begin flying its proprietary Versatile Time-Domain Electromagnetic (“VTEM”) geophysical system later next week and plans to deliver three-dimensional interpreted results by mid-October. The results will greatly increase the Company’s understanding of the Dayton resource area and Spring Valley resource expansion potential, along with the Company’s other exploration targets in Lyon County.

The entire press release can be read here.

Contact information

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com

Comstock Mining Inc.
1200 American Flat Rd
PO Box 1118
Virginia City, NV 89440
http://www.comstockmining.com

Zach Spencer
Director of External Relations
Tel (775) 847-5272 ext.151
questions@comstockmining.com

Wednesday, September 02, 2020

Newrange Gold (NRGOF)(NRG:CA)

Next Wave of Pamlico Drilling Results Expected Shortly

As of April 24, 2020, Noble Capital Markets research on Newrange Gold is published under ticker symbols (NRGOF and NRG:CA). The price target is in USD and based on ticker symbol NRGOF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.
Newrange Gold Corp is an exploration stage company focused on acquiring and exploring exploration and evaluation assets in Colombia and the United States. The Company operates in a single reportable operating segment-the acquisition, exploration, and development of mineral properties. Some of the projects acquired by the company are Pamlico gold project in Nevada and Rocky mountain project in Colorado. The company also holds an interest in the Yarumalito property, El Dovio property and Anori property in Colombia.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Additional drilling results expected shortly. To date, the company has drilled 34 holes for a total of 3,462 meters of drilling. Results have been reported for 14 holes representing only 450 meters of strike length along the central portion of Pamlico Ridge between the historic Pamlico and Gold Bar Mines. Results from the first 14 holes, announced on July 30, revealed higher grade structures, up to 9.5 grams of gold per tonne, surrounded by an envelope of lower grade material. We expect the company to release results for the remaining 20 holes shortly.


Drilling program advances.  In its entirety, the program will entail over 10,000 meters of drilling and utilize reverse circulation rigs for shallow targets and diamond drilling for targets at greater depth. The remainder of the initial drilling program will continue to test around historic mine workings on Pamlico Ridge and several other targets identified by an induced polarization (IP) survey …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Wednesday, September 02, 2020

Ely Gold Royalties (ELYGF)(ELY:CA)

Poised to Broaden Its Horizon?

As of April 24, 2020, Noble Capital Markets research on Ely Gold Royalties is published under ticker symbols (ELYGF and ELY:CA). The price target is in USD and based on ticker symbol ELYGF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Ely Gold Royalties Inc is an emerging royalty company with producing and development assets focused in Nevada and the Western US. It offers shareholders a low-risk leverage to the current price of gold and low-cost access to long-term gold royalties.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Transactions expected to close soon. We expect Ely to close on several announced transactions this month. First is the acquisition of an additional one percent NSR royalty on Coeur Mining’s Lincoln Hill property announced on July 21. Second is the acquisition of a package of three net smelter returns (NSR) royalties on properties in Nevada announced on August 11.


Ready to expand its opportunity set?  Ely Gold Royalties has largely focused its efforts on Nevada. However, based on an expanding universe of royalty companies and an increasingly competitive acquisition environment, we would not be surprised if the company expands its opportunity set by considering other mining jurisdictions, including in Latin America. While we would expect gold royalties to …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

This Is What Could Slam the Brakes on EV Growth

According to the International Energy Agency (IEA), sales of electric cars hit a record 2.1 million globally in 2019, increasing the total EVs sold to 7.2 million electric cars. Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase. And this growth is only projected to continue. BCG’s (Boston Consulting Group) latest global automotive powertrain forecast shows sales of electrified vehicles growing even faster than expected. EV cars are now projected to be one-third of the global car market by 2025 and 51% by 2030, surpassing sales of vehicles powered purely by internal combustion engines (ICEs). If accurate, such growth would result in some 35 million EVs being sold worldwide in 2025 and over 55 million in 2030.

But will the raw materials that makeup EV batteries be a limiting factor on projected growth of the market? The estimated material demand for the batteries of the electric vehicles sold in 2019 was about 19 kilotons (kt) for cobalt, 17 kt for lithium, 22 kt for manganese, and 65 kt for nickel, according to the IEA. In the IEA Sustainable Development Scenario, which incorporates the targets of the EV30@30 Campaign3 to collectively reach a 30% market share for electric vehicles in all modes except two-wheelers by 2030, annual demand for the key materials would be 360 kt of cobalt, 370 kts of lithium, 354 kt of manganese, and 1,850 kts of nickel. Obviously, the demand for the materials used in electric vehicle batteries will depend on changing battery chemistries, nickel cobalt aluminum oxide (NCA), nickel manganese cobalt oxide (NMC), and lithium iron phosphate (LFP) cathodes for lithium-ion (Li-ion) batteries being the most widely used today.

For the next decade, the Li-ion battery is likely to dominate the electric vehicle market, according to the IEA. For the period after 2030, however, a number of potential technologies might be able to push the boundaries beyond the performance limits imposed by current Li-ion battery technology. These include the lithium-metal solid-state battery, lithium-sulfur, sodium-ion, or even lithium-air, which could represent an improvement from Li-ion on indicators such as cost, density, cycle life, and benefits from more widely available materials than Li-ion technologies.

EV batteries use a whole host of materials. Gold and silver are used in the circuit boards, but in minute quantities, and both gold and silver are fully recyclable. Many other parts, such as nickel, steel, plastics, carbon fiber, etc., are also used in ICE vehicles, and as the production of ICEs decline these materials can be switched over to EVs.

The two key materials then become cobalt and lithium. Thankfully, both are not rare. Lithium is the 32^nd most common element on the planet, while cobalt can be found in most rocks and is typically a by-product of nickel and copper mining. Cobalt is expensive, with the cost subject to significant fluctuations. The adoption of batteries that use lithium-iron could eliminate a significant need for cobalt, however.

Although not particularly rare, both cobalt and lithium reserves are concentrated in a few countries, according to the Clean Energy Manufacturing Analysis Center (CEMAC). For example, about one-half of the global mined cobalt production comes from the Democratic Republic of Congo, which has a past of political instability. Some 80% of lithium production comes from Australia, Chile, and Argentina. The significant expected demand increase for these materials though could require $30-$45 billion of investment in mining capacity by 2025 to meet the demand. The often long-lead time to develop new mining sources could require such investment sooner rather than later to ensure ample supply of these key materials in the future.

A potential larger issue is more political. CEMAC notes that in addition to controlling major resources in natural graphite and manganese, China controlled nearly one-half global cobalt refining and a similar level of lithium carbonate refinery capacity. Such concentrated control of refining capacity could be a limiting factor in EV growth if political conditions deteriorate between China and other countries. Alternatively, other countries would need to invest in developing and expanding their own refinery capacity.

To end on a positive note, both cobalt and lithium are recyclable. So once a certain level of electric vehicles are on the road, recycling of existing batteries should lessen any of the potential limiting factors.

Sources:

https://www.linklaters.com/en-us/insights/thought-leadership/electric-vehicle-batteries/powering-the-future/sourcing-raw-materials

https://www.forbes.com/sites/woodmackenzie/2019/07/24/can-metals-supply-keep-up-with-electric-vehicle-demand/#5b5393586c9b

https://www.ucsusa.org/resources/comparing-electric-vehicles

https://new.engineering.com/story/what-you-need-to-know-about-batteries-for-electric-vehicles

https://www.mckinsey.com/~/media/mckinsey/industries/metals%20and%20mining/our%20insights/lithium%20and%20cobalt%20a%20tale%20of%20two%20commodities/lithium-and-cobalt-a-tale-of-two-commodities.ashx#:~:text=Raw%20materials%20used%20in%20the,from%203%20percent%20in%202010.

https://www.nrel.gov/docs/fy19osti/73374.pdf

https://www.leadingthecharge.org.nz/do_we_have_enough_rare_earth_metals_for_evs#:~:text=Critical%20earth%20elements%20typically%20found,reused%20over%20and%20over%20repeatedly.

https://www.bcg.com/en-us/publications/2020/drive-electric-cars-to-the-tipping-point

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Tuesday, September 01, 2020

Golden Predator Mining (NTGSF)(GPY:CA)

Updated Technical Report Provides Solid Foundation for Advancing to a Feasibility Study

Golden Predator Mining Corp is a Canada based exploration stage company engaged in the business of acquiring and exploring mineral properties. It owns properties primarily in Yukon, Canada. Some of the company’s projects located in Yukon are the 3 Aces, Sprogge, Reef, Brewery Creek, Marg, Sonora Gulch, Grew Creek, Upper Hyland and others.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Updated Brewery Creek technical report. Golden Predator released highlights from a recently completed NI 43-101 technical report for the Brewery Creek mine. In addition to an updated mineral resource estimate, the company disclosed plans to conduct additional drilling in 2020 with the goal of connecting several deposits that will result in an enhanced mine plan to be included in a feasibility study which is expected to be completed by year-end 2020.


2020 drilling program.  The company will begin a 3,000-meter reverse circulation drilling program in September, along with a 1,000-meter metallurgical core drilling program. While the technical report confirmed the efficacy of combining four deposits (Canadian, Fosters, Golden and Kokanee) into one elongated pit now named “Keg”, drilling will focus on connecting these four with a fifth deposit known as …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.