Quick Analysis

Golden Arrow Resources Buying Back 10% Of Outstanding Shares; Exploration Temporarily Halted By Pandemic


The Corona virus pandemic together with the Saudi Arabia-Russia oil production increase took its toll on the equity markets the last few weeks. The commodity markets in particular got hit too, as main end user China got hit by a halt in manufacturing plants across the economy. Precious metals like gold rose initially, but after the virus spread globally it got sold off ruthlessly like any other asset class. Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) as a gold explorer didn’t come out completely unharmed either, as the following chart shows:

Share price Golden Arrow Resources 1 year time frame; Source: Tmxmoney.com

Golden Arrow Resources Renegotiates Indiana Project Deal; Ready For Drilling And A Potential New Precious Metals Bull Market

Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) recently came out with some pretty interesting news on their Indiana gold project in Chile. They managed to amend the definitive agreement with the property owner Mineria Activa, a Chilean private equity investment management firm focused on exploration to production-stage assets in mining. Golden Arrow now has the right to earn 100% of Indiana over a 74-month period, expiring in December 2024, and the total cost of US$15.1M has not changed.

Standard Lithium Arranges C$5M Convertible Loan Financing

Building demonstration plant at Lanxess Project site

It seems more and more likely that Standard Lithium (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) is displaying a serious commitment of giant JV partner Lanxess these days, with construction of the demonstration plant advancing rapidly along the way. Standard managed to arrange a C$5M (US$3.75M) convertible loan and guarantee agreement with Lanxess on October 30, 2019, and has already been paid out to Standard. The proceedings will be used for the ongoing development of the mentioned demonstration plant, which is capital intensive.

All presented tables are my own material, unless stated otherwise.

Alianza Minerals Raises C$750,000, Signs LOI With Coeur, Starts Exploration Programs

Haldane project

Although Alianza Minerals (ANZ.V) had to wait for better weather until exploration programs could kick off in the Yukon, the company hasn’t been sitting on their hands in the mean time. Very recently, it signed a LOI with a subsidiary of Coeur Mining (NYSE:CDE) to explore the high grade silver/lead/zinc Tim project in the Yukon, it raised C$750k on June 25, 2019, and a bit further back it also arranged a JV with Hochschild Mining about 3 Nevada projects, and started field work on all three, funded by Hochschild. As sentiment in metals and mining turned slightly more negative after PDAC in March, Alianza was testing the 5-6c support (which I mentioned in my first article around that time) earlier than I thought:

Cypress Development Cashed Up; Metallurgical Studies Underway And PFS Expected In Q1 2019

Drilling at Clayton Valley Lithium project, Nevada

1. Introduction

After closing an oversubscribed private placement of C$2.01M @C$0.22, Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) is sufficiently cashed up to proceed towards a Pre Feasibility Study (PFS) on their Clayton Valley Lithium project in Nevada, which is scheduled for Q1 2019. The company is also working diligently at subjects like metallurgical test work and water supplies, which are needed to enable eventual production in the future. For this purpose, Cypress recently completed an agreement with Dajin Resources (DJI.V) for a JV on Dajin's nearby Alkali Spring Valley Lithium property.

Kutcho Copper Closes C$4.14M Financing, Receives C$4.8M Advance Payment From Wheaton Precious Metals

Kutcho project

Despite the summer doldrums, a strong dollar, a developing trade war between the US and predominantly China, and the resulting poor sentiment in commodities and mining stocks, Kutcho Copper managed to raise decent money, necessary to fund their ongoing drill program at their flagship project, the Kutcho high grade copper-zinc project in British Columbia, Canada.

All presented tables are my own material, unless stated otherwise.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.


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