Category Archives: Mining

2024 Uranium Prices On The Rise

Spot uranium prices  continue to remain comparatively strong with spot uranium currently trading at $92.15 USD.
There are various reports that the overhang of uranium and recycled uranium in the form of Soviet era weapon grade uranium have been almost completely used up and new sources need to be supplied.

There is also a recent bill signed by the U.S. Senate and passed through to President Biden to sign into law which bans the import of ‘low enriched uranium’ (LEU) of Russian uranium.

This places further pressure on western companies to supply more of the yellow cake. The ban will come into effect 90 days after the date of the enactment and will terminate in 2040, so the game is afoot as they say. It has been estimated that the shortage could total 1 billion pounds by the year 2040.

The Sprott Uranium Miners ETF symbol URNM is trading at $53.95 usd which is fairly near its all time high of $58.96 usd so it continues to boast a healthy looking chart.

The Sprott Junior Miners ETF symbol URNJ is also appearing relatively strong, trading at $27.83 usd with an all time high of $30.27 usd. Will a breakout occur soon?

Interesting times for the uranium mining industry and at last a chance to profit from all the hard work that has been going into this sector for years now. It has been noted that restarting inactive mines is vital to increase short-term supply, as new mines can take 10-15 years to become operational.

Please stay tuned for more reports on uranium mining and mining exploration companies.

Disclaimer: Editor holds no shares in the Sprott Uranium ETF or the Sprott Junior Miners ETF at present but may buy or sell at any time in the future.

 

Appia releases 43-101 on their PCH Project

Lots of very impressive progress being made over at Appia Resources recently -including filing an NI 43-101 technical report on their PCH Project in Brazil. Compared to most companies this is quite an amazing accomplishment because they only acquired the PCH Project last year at PDAC 2023!

Link to NI 43-101 report.

The short version of this report is:
6.6 Million Tonnes Indicated Grading 2,513 ppm TREO
46.2 Million Tonnes Inferred Grading 2,888 ppm TREO.

The discovery has been described as having ‘astonishing’ grades.
What is truly inspiring about this NI 43-101 in addition to the speed at which they have been accomplishing exploration, is the fact that they have only explored just over 1% of the property they have under their claims located in the state of Goias Brazil. The maiden resource was generated through only 2 zones known as Target IV and Buriti Zones. The bluesky upside with so much prospective area left to explore is obviously of very high potential. The PCH Project

Appia’s PCH Project-Goias, Brazil

Additional news: Appia has also just announced the hiring of a market maker company in order to monitor and assist in maintaining an orderly market in their shares. The company is called Generation IACP and is based in Toronto.
Press Release:

More additional news: Another significant development is the addition of a new VP of Exploration for Brazil operations, Mr Andre Costa. ” Mr. Costa will oversee the ongoing development of the Company’s PCH Ionic Adsorption Clay project located in Goias, Brazil.” As a consultant to a company called G21 Mr Costa has overseen various projects in Brazil including work for TSX/V listed Aclara Resources also in Goias state,  managed exploration work for Codelco,  exploratory and drilling work for Lithium Ionic, exploration work for Largo as well as Eco Mining and Bemisa. Therefore he has worked on many projects in various parts of Brazil and has extensive experience in the exploration field, making him an ideal candidate at an ideal stage of Appias development in that country.  In total Mr. Costa has 29 years of experience including 9 years in Canada with a stint as Resident Geologist at the Saskatchewan Geological Survey. Saskatchewan happens to be where Appias other rare earth exploration project Alces lake is located, so very good synergy there as well.

APPIA ANNOUNCES APPOINTMENT OF MR. ANDRE COSTA AS NEW VP EXPLORATION FOR BRAZIL OPERATIONS

 

All in all some great things happening at Appia and with the current state of the junior exploration markets still undervalued and under appreciated, there seems to be plenty of room for upside in their market valuation.

The editor of this article has owned shares in Appia  pre-public and continues to hold.
Disclaimer, the editor may buy or sell shares at any time.

Latest Video: Appia Rare Earths and Uranium Corp.

Appia has been very busy with 2 drill campaigns happening simultaneously currently in 2023.

 

ALCES LAKE SASKATCHEWAN:

One is the Alces Lake Rare Earth Project located in northwest Saskatchewan. This is the 2nd year of serious diamond drill exploration on the property and the company is about to start releasing results from the summer/fall drilling.

PCH PROJECT BRAZIL:

A very fortuitous gain of an ionic clay PCH Rare Earth Project in Goias Brazil has also been keeping the company busy drilling. Assay results are just beginning to be delivered from this property also and they are looking excellent. They have gone deeper and have been rewarded, and also plan to explore much more of the property.

Exciting times for the company and management who have been working diligently on developing rare earth prospects for some years now. Congratulations that the hard work is paying off.

Here is a link to the Latest Appia Video with CEO Tom Drivas, (Oct 24 202).
This video is over an hour long and provides a comprehesive view of the latest company updates.

Disclaimer: Editor holds shares in Appia and was an original investor in the 1st financing.

Mines and Money 2023

The annual Mines and Money conference could be considered the next significant mining event upcoming up in 2023. It is happening in London England as per usual, this year it takes place from Nov 28th to Nov 30th.  Mines and Money/London website link

-Observing this conference can be a good way to “take the temperature” of the junior mining exploration. industry, especially as a precursor to the annual PDAC condference which happens early every March in Toronto.
-Keeping an eye on awards given out at Mines and Money, plus who is getting financed and which sectors are popular can give investors some valuable clues as to where the overall industry is heading.

We will be watching Mines and Money 2023 with a keen eye this year!

Appia acquires Brazilian Ionic Clay Property

There has been a lot of excitement at Appia Rare Earths and Uranium Corp. since PDAC 2023!
The acquisition of a Brazilian ionic clay property has caused a lot of eyebrows to be raised because a property like this doesn’t come around every day. It was apparently pursued by various highly interested companies but Appia came out with the prize.

The Cachoeirinha Project (the “PCH Project”) is located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. Here is the press release announcing the acquisition plus initial assay results:
https://www.appiareu.com/news/releases/appia-receives-positive-assays-results–announces-plans-to-proceed-with-the-acquistion-of-ionic-clay-project-brazil

Disclaimer: The editor of The Canadian Junior Report is a long time shareholder of Appia stock and may buy or sell at any time.

Junior Exploration Companies 2023 Update

After experiencing what appears to be a bottoming phase in market cap/share prices prices in October 2023, it appears that the worst may be over for investors in the junior company exploration sector.
The market caps of many of the companies on the junior exchanges have risen 20% to 100% or more and many have held their gains – much to the relief of battered investors.

There are various reasons for the cyclical nature of this sector, some easier to identify than others.

The demand for traditional as well as more exotic minerals is not going away anytime soon it appears. In fact there is incredible demand for some metals and minerals in our current technological society.

-For example the demand for lithium hydroxide seems to know very few bounds and the price has soared to $79,000.00 per ton (U.S).
Lithium Chart- Feb 01, 2023

Lithium is used in batteries for the electric vehicle market and this has spurred a major amount of exploration activity for new lithium deposits around the globe.

-Demand for copper is reportedly going to reach unheard of numbers in the near future as well, although price has not really reflected that as of yet. As seen on the internet, a report from S&P Global forecasts that “global demand for the metal could double by 2035, from 25 million metric tons to 50 million metric tons.”
The report also stated that “by 2030, supply from both existing and projected copper mining activities will meet just 80% of our needs.”
Copper Charts from Kitco.com

-In fact all of the minerals used in electric vehicles such as copper, aluminum, manganese, indium, rare earth elements, helium, cobalt, graphite and potash are apparently much needed in our society moving ahead.

-This is not even mentioning the uranium sector which is really a great solution for a lot of our energy problems according to many experts in the field, as the carbon generation is virtually non-existent with nuclear energy.

-So in speaking for weary investors, we say let the good times return to this sector, it has been a long wait!!

Romios announces appointment of new CEO Stephen Burega

It looks like an exciting new day for Romios with the appointment of Stephen Burega as CEO!
Mr Burega was formerly serving as President of Romios.
Press Release announcing appointment.

Tom Drivas who founded the company approximately 27 years ago is stepping down. Mr. Drivas has assembled what we see as an impressive assembly of land claim packages over the years, with a significant deal being done with Enduro Resources a few years ago on several of their B.C. Golden Triangle claims.

The company plans to focus on Nevada moving forward.

“Plans are currently underway to move the Company’s assets forward with a focussed effort to streamline our approach and to bring our Nevada assets to the forefront of future exploration activities. We are actively looking for strong partnerships for our core assets in British Columbia and Ontario. All exploration activities will be supported with a well-developed communications and marketing effort that began in early 2022 to re-introduce the Company to the investing marketplace.”

 

With the recent addition of highly experienced geologist Joh Biczok we are seeing this as a very exciting next stage of development for Romios. Mr. Biczok has close to 40 years of experience and is a registered Professionial Geoscientist in Ontario
Mr Biczok spent 12 years conductiong research and exploration at the Goldcorp Musselwhite Mine most recently as senior exploration geologist and senior research geologist.

 

Stay tuned for more exciting developments from Romios, a very well positioned exploration junior.

PDAC 2022 is live!

Lots of action happening this year with hundreds of exploration companies set up on the exhibition side and the PDAC trade show section full of the usual service providers.

Expecting attendance to pick up tomorrow on the floor. There are many juniors in a great position to gain market cap value it would appear since the whole sector in general has been sliding for months and months it seems.

What they call ‘the fluff’ has really been gone from the sector for a long time because of the extended bear market in junior mineral exploration in general, with juniors such as Scottie Resources Corp. (SCOT-TSXV trading at .18 cents) displaying some really impressive drill results at their Golden Triangle properties. Results are showing very good consistency and talking to their CEO gives one a sense that he is going to get the job done properly.

More to come from PDAC 2022…

 

Global Lithium demand continues to Dazzle

LITHIUM! The new oil?

One of the biggest commodity stories of 2021 is the enormous demand for lithium to supply batteries for electric vehicles. Electric vehicle production has grown at a staggering pace for anyone aware that not that long ago all the electric cars made were taken out into the desert and destroyed! Now I wonder who was behind those shenanigans?

At any rate we have a new consciousness which declares that electric vehicles are going to save the planet from overheating and we need them to replace ICE vehicles as soon as yesterday.
For this to occur we need batteries and lots of them! Those batteries take lithium to construct, hence the lithium price has soared to all time highs of approximately $30,000.00/ton U.S. as companies and countries move aggressively to obtain reliable supplies.

Further, according to data from the website MarketsandMarkets.com, (Article Link)the demand by 2025 will increase by more than double:

The lithium compounds market is projected to grow from USD 5.3 billion in 2020 to USD 13.5 billion by 2025, at a CAGR of 20.6% from 2020 to 2025.

A junior exploration company which we own shares in largely because of faith in management is Infinite Ore Corp. (ILI.V OTCQB-ARXRF)
Jackpot Lithium deposit is the name of their established lithium deposit near Thunder Bay Ontario which is high grade although is rather small at present and needs to be expanded by more exploration. Jackpot is approximately 2 million tones of over 1% lithium which is considered high grade.

ILI has very recently closed a financing for approximately $8 million (cad) to expand their lithium holdings although it is unclear at this point where they will focus their spending.
We await further guidance from management, and the prospect has not gone unnoticed as the company valuation has basically doubled recently on the news of financing. The financing was done around 100% below where the share price was trading so that tells you something positive is happening in the sector and the company as well/
Stay tuned for updates and “GO Lithium!”

Disclosure: Editor owns shares of Infinite Ore Corp. and may buy or sell at any time. Infinite Ore Corp. is

    not

a paid client.

API:CSE-Appia Announces Assay Results, Additional Land Acquisitions, A New Discovery And Drilling Update

Sept 01, 2021

Press Release Sept 01, 2021

Appia Energy Corp. continues to move full speed ahead with their 2021 exploration program at Alces Lake, Saskatchewan. Having recently added critical metals expert Jack Lifton to the Advisory Board, and with 13 geologists working at the project plus a winter camp set-up there is a lot of excitement in the air!

Recent results have added to the energy surrounding the Alces Lake rare earth/critical rare earth prospect with additional land being acquired.

“Acquisition of a further 11,055.4 hectares (27,318.5 acres) of land contiguous to the claim block at
Alces Lake, increasing the 100% owned landholdings to 35,682.2 hectares (88,,172.7 acres),
doubling the landholdings from the start of the 2021 exploration season.”

NEW ZONE DISCOVERED:

The Sweet Chili Heat zone (“SCH”), among others (Figure 2), is a new discovery that was found as a direct
result of the new airborne survey. As a result of the analysis of the geophysical data and geologic work done at the location, the SCH zone has been prioritized for drilling in the near future. Monazite mineralization has an exposed strike length of ~25m, with elevated radiation readings continuing under ground cover for an additional ~30m. Observed mineralization indicates that the SCH is a highly prospective target.”

DIAMOND DRILLING
With two drills active on the property, there are so many occurrences to explore that the diamond drilling program is being extended from 5000 meters to a possible total of 10,000 meters. As was mentioned earlier there is now a winter camp set-up and earlier grab samples have been assayed by the SRC (Saskatchewan Research Council) laboratories. With all this activity and focus we can expect a steady flow of news from Appia moving forward.

We will continue to follow this company on their exciting journey to become a rare earth/critical rare earth producer right here in our own Canadian back yard, one of the highest grade discoveries in the world.

Disclaimer:
Editor owns shares in this company and may buy or sell at any time.