Lithium

Cypress Development: Positive Drill Results Confirm Large Scale Potential For Dean Lithium Project

Dean claystone project; Clayton Valley, Nevada

Things seem to go as planned for Cypress Development (CYP.V), as the first three holes drilled on the Dean project returned very solid intercepts, as part of the Stage 2 fall program. Results ranged from 102.7m @1029ppm Li for hole DCH-11 to 62.8m @677ppm Li for DCH-12. This last hole generated dark green to black ash-rich mudstone at a depth of 53.4m. Management hasn't seen this before, and assumes that this type of claystone doesn't differ a lot recovery-wise, and just has a different color, but has to sample and test this first of course to be sure. This is a table of the last results:

A Critical Q & A With MGX Minerals CEO Jared Lazerson

Oil wells; source

According to the significant number of news releases and different projects and activities going on at the moment, MGX Minerals (XMG.CSE) must be one of the busiest junior mining companies I know. A few of those activities definitely have the potential to be company makers on a vast scale in my view. However, as most activities are still relatively early stage, not verified and sometimes seem to compete for strategy focus, it could be difficult at times to follow what's exactly going on for investors, let alone adequately value the company. As a consequence, the share price has been side-ranging for quite a while now, as can be seen here:

A Critical Q & A With Nemaska Lithium CEO Guy Bourassa

It has been relatively quiet around Nemaska Lithium the last 6 months or so, after it started construction on the Phase I plant and completed several early stage parts of the Whabouchi Mine, besides looking for capex financing packages along the way. Although lithium product prices held up very well at relatively high levels and are even slowly rising again:

Source: Galaxy Resources/CJ Securities by Seekingalpha

the Canadian stock market sentiment turned a bit soft/neutral, so an advanced and permitted lithium development story looking for major funding often doesn't get the most love from investors in this kind of climate, as can be seen in this chart:

The Hirschberg Premium Stockpick Series Part I: MGX Minerals

    

1. Introduction

This is the first episode in a series of featured junior mining stocks, which are part of the portfolio of famous resource investor Robert Hirschberg from Toronto, Canada. He has made his fortune by being the owner/manufacturer of a promotional clothing company, and invests in junior mining stocks since 1981. Hirschberg has been devoting more and more time to mining stocks over the years, and has made it into being a full-time speculator nowadays.

After Closing Of C$69M Equity Financing, Nemaska Lithium Remains On Track For Q2 2018 Production

Whabouchi Project; pegmatites

Nemaska Lithium (NMX.TO) reached two important milestones on July 8, 2016, as it completed its previously announced public offering for aggregate gross proceeds of $69M, and got uplisted from the Venture to the TSX. This financing was important, as the company needed cash to proceed with down-payments for long lead items for the main project, which in turn were needed to stay on course with the time schedule leading to production in Q2 2018.

The Lithium Juniors - An Update

In the past year I have written about the “End of the Big 3”, the “Rise of China” and asked “Does Nemaska Matter”?

I have been critical of the junior lithium projects that I believe are run by charlatans who are looking to “pump and dump” their shares; however there is no doubt that the lithium world needs a few juniors to be successful in order to meet future demand.

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