All cashed up after raising C$1.1M in an oversubscribed financing in July, Alianza Minerals (ANZ.V) was ready for their 2019 Phase II drill program at their flagship Haldane silver project, after their Phase I drill target defining program was completed earlier this summer, and drilling begun in late August.

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.

Despite being a hybrid prospect generator, meaning self-funding projects and also being funded by JV partners, Avrupa Minerals (AVU:TSXV) (US OTC:AVPMF) (FRANKFURT:8AM) has been trying for a long time, and finally succeeded in signing a non-binding Letter of Intent (LOI) on October 1, 2019 for a nice JV deal over their Alvalade project in Portugal, with a Spanish private mining company called MATSA, owned in joint venturebetween juggernauts Mubadala and Trafigura.

Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) recently ended the 7 year long Chinchillas adventure, by closing the deal involving selling its 25% interest in Puna Operations to SSR Mining (TSX: SSRM; NASDAQ: SSRM) on September 19, 2019. Despite a rising silver price since the announcement of the sale on July 22, 2019, and consequently growing unease among shareholders of Golden Arrow about the appropriate value of the Puna asset, no less than 94.62% of represented voting interest voted in favour of the transaction.

1. Introduction

Usually, when I hear about companies pursuing new recovery methods necessary to make uneconomic specialty metals projects economic, I’m very sceptic about their chances of success. The simple reason for this is that developing such methods are very capital intensive, and very difficult to scale up from bench scale (laboratorium scale) to commercial scale pilot plants.

1. Introduction

As a pure play uranium explorer since 2004, things looked increasingly grim after Fukushima happened in 2012 for Forum Uranium. After years of struggling, CEO Richard Mazur decided together with the board that they had to change course. On February 28, 2018 the company name was changed into Forum Energy Metals (FMC.V),

Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) surprised the markets with their sale of its 25% interest in Puna Operations to majority JV parter SSR Mining, right at a time where precious metals seemed to have left a bear market behind them.

After Alianza Minerals (ANZ.V) increased the earlier announced C$750k financing to C$1M after it received plenty of interest, this C$0.05 round eventually closed at C$1.1M, which is nothing but successful for a tiny C$5M market cap at the time of closing.

This article has been republished earlier as part of a syndication agreement with Genesis Metals. The author is Brian Leni of Junior Stock Review.

What is the significance of surpassing $1400 USD per ounces of gold?

Personally, I view the price of gold as a bell weather for the global economy, essentially signalling the health of markets.

After Alianza Minerals (ANZ.V) increased the earlier announced C$750k financing to C$1M after it received plenty of interest, this C$0.05 round eventually closed at C$1.1M, which is nothing but successful for a tiny C$5M market cap at the time of closing.