The Drift: Junior miners chasing nickel, palladium and gold in the Sudbury area – by Staff (Northern Ontario Business – April 28, 2022)

https://www.northernontariobusiness.com/

SPC Nickel emerging as new nickel player in the Sudbury basin in seeking to resurrect former nickel mine

A new nickel player in the Sudbury mining camp expects great results toward resurrecting a former mine, while two other junior miners pursue palladium and gold at the opposite ends of the basin.

SPC Nickel cashed up over the winter with more than $3 million to go exploring for nickel, copper and platinum group metals (PGM) on its three properties in the Sudbury area.

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B.C. Hells Angel member and former CFL player accused in US$194-million pump-and-dump scam – by Niall McGee (Globe and Mail – April 21, 2022)

https://www.theglobeandmail.com/

Courtney Vasseur, a British Columbia Hells Angels member, and former Canadian Football League player David Sidoo are among 16 people accused of perpetrating a sprawling international pump-and-dump scam that lasted more than a decade and bilked investors out of an alleged US$194-million.

The U.S. Securities and Exchange Commission and the U.S. Attorney’s Office for the Southern District of New York are alleging that the defendants, almost half of which are Canadian citizens, manipulated the share prices of scores of U.S. penny stock companies over a period of about 15 years.

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All eyes on Sudbury’s ‘Frontier’ with new lithium project – by Ian Campbell (CTV News Northern Ontario – April 7, 2022)

https://northernontario.ctvnews.ca/

It was a packed house at Bryston’s in Copper Cliff on Wednesday as members of the Greater Sudbury Chamber of Commerce came out to hear the latest on lithium. Specifically, they were there to hear from Frontier Lithium president Trevor Walker, who touched on the company’s plans to develop the Pak deposit in northwestern Ontario.

The Sudbury-based company could soon become one of the biggest lithium suppliers in North America given the value of the deposit at Pakeagama Lake. “We’re blessed to also have former Chief Bart Meekis of Sandy Lake First Nations on the board of directors,” said Walker.

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A fresh look at Muskox nickel in Nunavut – by Shane Lasley (North of 60 Mining News – April 8, 2022)

https://www.miningnewsnorth.com/

SPC Nickel Corp., a new Canadian exploration company, April 5 outlined plans for the 2022 exploration program on its Muskox nickel-copper-platinum group metal property in Nunavut.

Located in the Kitikmeot region of Nunavut, about 400 kilometers (250 miles) north of Yellowknife, Northwest Territories, Muskox is a 45,200-hectare (111,700 acres) property that covers prospective geological settings with numerous similarities to many of the world’s largest nickel mining camps.

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Canada Nickel raises $51.6 million to bring Timmins deposit to mine-ready stage – by Staff (Northern Ontario Business – April 6, 2022)

https://www.northernontariobusiness.com/

Mine developer intersects high-grade nickel at Crawford project

This is has been one of those ‘milestone’ weeks for Timmins mine developer Canada Nickel Company and its Crawford nickel sulphide project.

First, the Toronto-based company announced it had pulled the highest grade of nickel drill core ever recorded on the property, then it cashed up for the remainder of this year, taking in $51.6 million from the sale of flow-through shares.

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Hemlo Explorers stock jumps 53% as Barrick weighs Ontario project earn-in – by Henry Lazenby (Mining.com – April 4, 2022)

https://www.mining.com/

The Toronto-quoted equity of Hemlo Explorers Inc. (TSXV: HMLO) jumped more than 53% on Monday after the company revealed it had entered a binding term sheet with Barrick Gold Corporation (TSX: ABX; NYSE: GOLD) that will give Barrick a right to earn up to 80% of the Pic project in Ontario.

Located 25 kilometres west of Barrick’s Hemlo mine, Barrick will have to deliver to Hemlo Explorers a pre-feasibility study within six years of signing the definitive agreement. Under the terms of the deal, Barrick will commit to spending at least $800,000 on the project in the first 12 months, followed by an annual commitment of at least C$1 million ($800,000).

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The financial media has become a Wild West of misinformation — why aren’t there laws to rein it in? – by Frank Giustra (Toronto Star – April 5, 2022)

https://www.thestar.com/

The internet is littered with so-called financial experts who urge you mortgage everything you own to fill your boots with assets like bitcoin. As a result, thousands of novice investors get fleeced like lambs, Frank Giustra writes.

Fake news! Everyone is complaining about it. No matter if you are politically left or right leaning, we’ve all expressed our dissatisfaction with news stories relating to topics centred around politics, climate change or the pandemic.

We tend to complain loudly when we see “fake news” on those topics. But how often do you hear complaints about unreliable information in the financial media? I certainly haven’t run across much over the years.

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Frontier Lithium successfully pilots spodumene concentrate for hydromet conversion – by Marilyn Scales (Canadian Mining Journal – March 30, 2022)

https://www.canadianminingjournal.com/

Frontier Lithium (TSXV: FL; OTC: LITOF; FRA: HL2) has successfully concluded a pilot-scale campaign to produce 500 kg of spodumene concentrate that will be used to conduct piloting of a hydrometallurgical conversion process.

A 7,800-kg sample of blended material from the Spark (89%) and PAC (11%) deposits was collected. It averaged 1.57% lithium oxide and 0.8% iron oxide. The Spark material is fine-grained, which necessitated desliming, magnetic separation and gravity concentration before flotation.

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BULLETIN: The Ontario Divisional Court Weighs in on Funding Consultation – by Tracy A. Pratt and Paul Hildebrandt (Fasken.com – March 14, 2022)

https://www.fasken.com/en/

The Ontario Divisional Court recently released its decision in Attawapiskat First Nation v Ontario. [1] Among other things, the Court addresses the issue of funding consultation in the early exploration context.

Background

In January 2020, Juno Corp. (“Juno”) applied to the Ministry of Northern Development, Mines, Natural Resources, and Forestry (the “Ministry”) for two early mineral exploration permits on lands covered by Treaty 9 (the “Project Lands”). The Project Lands are located within the area known as the “Ring of Fire”. They also fall within the Attawapiskat First Nation (“Attawapiskat”) traditional territory, approximately 250 kilometers west of the community. [2]

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Nipigon-area lithium hunter inks exploration agreement with First Nations – by Staff (Northern Ontario Business – March 22, 2022)

https://www.northernontariobusiness.com/

Imagine Lithium defining and expanding deposit first discovered in the 1950s

A Vancouver lithium outfit has signed an exploration agreement with three northwestern Ontario First Nation communities – Bingwi Neyaashi Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek. and Red Rock Indian Band – in the Lake Nipigon area.

A March 21 news release from Imagine Lithium said the document sets up a framework with the communities for ongoing consultation and accommodation around the company’s exploration work at its Jackpot Lithium Project, 140 kilometres northeast of Thunder Bay.

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In reconciliation, government falls short in upholding the ‘Honour of the Crown’ – by Star Editorial Board (Toronto Star – March 14, 2022)

https://www.thestar.com/

‘A government that needs a lecture on decency and honour from the courts, even as it wins a case, fails to meet the bar.’

Honour is something of a quaint concept. The “Honour of the Crown” sounds like a BBC television series.

But a panel of three judges from Ontario’s Divisional Court, in the form of a recent decision on a Northern Ontario land dispute, delivered an interesting treatise on the notion.

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Exploration roundup: High gold prices continue to spur exploration activity around Kirkland Lake – by Staff (Northern Ontario Business – February 22, 2022)

https://www.northernontariobusiness.com/

A slew of junior miners are taking the plunge in the Abitibi Greenstone Belt

The Kirkland Lake mining scene has been reshaped with Agnico Eagle acquiring Kirkland Lake Gold and the Macassa Mine.

But a number of ambitious junior miners continue to search for high-grade gold at depth on the path to bring the next generation of mines online in this historic northeastern Ontario gold camp. The gold price in late February was hovering just below US$1,900 an ounce.

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Osisko to develop Windfall without Northern Star – by Staff (Canadian Mining Journal – February 17, 2022)

https://www.canadianminingjournal.com/

Osisko Mining (TSX: OSK) has decided to develop the Windfall gold project 200 km north of Val d’Or, Quebec by itself. Joint venture talks with Northern Star (ASX: NST) were announced last November, but they have now been broken off.

Osisko says that its independent development of the project would be the most beneficial option for its shareholders.

While Northern Star will not be a partner in Windfall, Osisko maintains it will continue a cordial and beneficial relationship with the Australian company, which is an important debt holder having advanced a $154-million convertible senior unsecured debenture due Dec. 1, 2025, with an interest rate of 4.75% per annum.

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Gates, Bezos-backed firm gets cash injection to find battery metals – by Cecilia Jamasmie (Mining.com – February 10, 2022)

https://www.mining.com/

KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has raised $192.5 million in its latest financing round, which will allow it to speed up efforts to find new deposits of critical metals needed for batteries and clean energy.

Investors in the Series B funding round for the company included Sam Altman’s Apollo Projects and Mary Meeker’s Bond Capital as well as BHP (ASX: BHP) and the Canada Pension Plan Investment Board, Canada’s largest pension fund, two people familiar with the matter told The Wall Street Journal.

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Investment in B.C. mineral exploration is booming – by Nelson Bennett (Business In Vancouver – February 7, 2022)

https://biv.com/

When John Horgan’s BC NDP formed government with the help of the BC Green Party in 2017, investors in B.C.’s mining and exploration sectors may have crossed themselves and prayed they weren’t in for another “lost decade.”

That’s what some in the industry called the 1990s, when an NDP government presided over a decade-long flight of capital from B.C.’s mining and exploration sectors.

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