A Microcap Teaser Solution In Advance !!
(Australian stock exchange CLQ, OTC pinks CTEQF).
CleanTeQ is sure to be the answer to future teasers you will be reading about from resource gurus, To save you all the trouble of solving them, I decided to write this article.
My portfolio was grotesquely overweight in gold and silver positions, and in moments of anxiety I thought it would be a good idea to diversify and take a few positions in something other than gold mines, royalty companies, Mongolian exploration companies, and small-cap copper miners with major operations in the Democratic Republic of Congo.
Thus I made a small speculation in CleanTeQ, solely on the basis that mining titan Robert Friedland was the Chairman, and CleanTeQ was the only resource company I could find that seemed to be in a position to mine scandium, a very rare metal that sells for a couple of thousand dollars a kilo.
My due diligence was so slight that I was embarrassed to emphasize my position to the readers at Stock Gumshoe. We are supposed to study these things a little more than I did for CleanTeQ. And after entering at 50 cents, the stock promptly dropped to 35 cents or so, making me glad that I did not look foolish by publicizing my position.
As the weeks went by, I started to find more information on the company that I should have found out beforehand. This was partly accidental, partly from other Gumshoe readers, and partly from new announcements and company news that occurred after I took a position. But the findings were all very positive, and because the company is so interesting I thought it warranted its own thread apart from the hard asset thread which I moderate.
I have a full long position and high hopes. And I thank Secretsquirrel, Griffin, Larry McKenna, and several others who helped fill in the missing pieces of the puzzle.
Below are my findings, opinions, and summary on CleanTeQ Holdings:
BUSINESS MODEL CleanTeQ is a hybrid company based with three bases: scandium mining and production, cobalt mining and production, and water purification. This seems like an odd combination, but as you will see, it is not. It is a stroke of genius. And I will explain why we should care about scandium and cobalt.
(1) The company is starting production of the Syerston mine, the world’s only scandium mine;
(2) The company will also produce significant amounts of cobalt as a co-product to the scandium;
(3) The company has a large-scale water purification technology, which will target municipalities,
Industrial operations with waste water problems, and mines, which also have water problems
PROSPECTS FOR THE THREE SEGMENTS
(1) Scandium is a very rare metal that usually occurs in only small amounts that are not economical to mine. It is mostly available as a by-product and the market is opaque, usually between private parties. Scandium has very beneficial applications in aerospace, aviation, and technology, but has not been widely applied because there is not a sufficiently reliable supply of it.
(2) Cobalt is essential in many batteries. Lithium gets all the investment press, but a majority of the battery formulations need cobalt, which is rare compared to lithium. Cobalt has a similar supply situation as scandium, it is mostly a by-product and is not commonly a prime mining target in and of itself. But demand for the electric energy market is growing rapidly and cobalt demand is growing and will continue to grow accordingly. Supply chains on cobalt are iffy.
(3) Water purification is a pressing need throughout the world. Cities with lots of people, industrialized places with lots of factories, or mines with waste water, all have a real and pressing need for large scale water purification. I think most people can accept this premise of widespread demand without a lot of documentation.
HOW DO THESE SEGMENTS RELATE TO EACH OTHER ? I cannot get too technical about the water purification technology, but I will try to explain what I understand, and how it relates to the scandium and cobalt operations. They call it Continuous Flow Ionization. Ionization is not a proprietary technology per se, but CleanTeQ has developed a way to implement ionization in a continuous feed, automated loop that improves volume, improves economics, is reasonably priced for installation, and can be custom-modified to specific waste problems. It can be used in conjunction with other filtration techniques. Further, it can be modified TO EXTRACT CERTAIN SUBSTANCES from the feed waste water. This is done by modifying the resins that are used in the ionization process.
Now it so happens that CleanTeQ has developed resins that can extract scandium and cobalt from waste water. So they potentially will have commercial sources of rare metals from the by-product waste of their water purification process !
HOW CLOSE IS THE WATER THING TO REALLY HAPPENING ? It is happening. CleanTeQ has signed a memorandum of understanding with a major Chinese municipality to implement their technology. There is a joint venture, 55% Chinese/45% CleanTeQ. Once the first one is up and working, China has a mind-boggling potential for water purification. For their teeming urban centers and for their mining and industrial locations, shall we say the potential is very large ?
CleanTeQ has 100% of rest of the world. CleanTeQ is closed-mouthed about other commercial sources, but they let on that they have been in contact with the likes of GE, Dow, and other big hitters. They state a pipeline target of $100 million by 2020; I predict they will do much better.
HOW CLOSE IS THE COBALT THING TO REALLY HAPPENING ? Very close. Battery useage is soaring and is the strategic target of many governments, corporations, and environmental groups. Batteries need cobalt.
HOW CLOSE IS THE SCANDIUM THING FROM HAPPENING ? This will take a while because the applications are high tech, with long lead times, and there is only one scandium mine in the world (CleanTeQ’s newly commissioned Syerston mine). CleanTeQ intends to develop the scandium market by being a reliable source of supply, and by driving the price down.
CleanTeQ will have viable margins with scandium prices up to half of current prices.
To give you an idea, the Russians made a few MIGs with scandium/aluminum alloys. They were faster, lighter, stronger. An addition of 0.5% scandium to aviation aluminum strengthens the frame, removes the need for riveting, reduces weight, and makes repairs easier. . The Russians dropped it because of costs; and Boeing and Airbus will not use it without a reliable source of supply. But there is about to be a reliable source of supply: CleanTeQ.
WHAT ABOUT IP PROTECTION ? I believe the IP and know-how moat is sufficient. CleanTeQ holds a perpetual license from a high-level Russian research organization that provided some of the foundation technology. I am not a patent lawyer and a lot of the know-how will be proprietary, not patented. CleanTeQ has been at this for over ten years, I think the barriers to entry are sufficient.
MANAGEMENT Totally a plus. Robert Friedland is the Co-Chairman and CEO, he has 20% of the company, great credibility and clout with the Chinese, and an unbelievable track record in mining. Sam Reggall is the other co-chairman. I know little about him, other than from my observations of him on an Australian investment show that aired last week. He was impressive.
MONEY AND FINANCES I don’t think there is anything at all to worry about. Friedland must be worth billions, the Chinese are in, and the concept has enormous potential.
Sources: as I mentioned, information is scant. My sources were the CleanTeQ website, presentations and and interviews with Friedland and Reggall, and the sketchy information on the brokerage sites. Nothing you cannot find on your own.
Long CleanTeQ
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
EUC ASX is starting its run, hit 28.5c probably close at 26/27c aud.
Looks as if report on its way.
Hang in.
Also looks as BMT ASX is also on the move, As finally drilling results must be imminent.
If BMT does run before EUC, one would hope some of the gain will send EUC higher.
BMR/BM1 ( bm1 ( one ) looks likely to be listed on tsx in first qtr, which will have huge ramifications on MEI ASX depending on BM1’s mining results from drilling, there is talk of MEI having a credit raise to fund operations.
I know there are many stocks in the money at present, but have a look at JRV ASX is another which looks about to run.
As always DYOR, DD and all the best.
EUC ASX closed at 28c aud
Yea very nice williamstown and I also think the coming news will be positive. There’s a lot I like about this company.
EUC long, half position, in the black.
Thanks williamstown !
NO SCAN/ALU ALLOYS ENVISIONED IN CONSTRUCTION OF SUNRISE
…per Cleanteq IR
Mr. Glass of Cleanteq IR said that no scan/alu allows were being contemplated
for the “external equipment” at Sunrise.
Accordingly I retract my public assertion and speculation that scan/alu alloys will be employed in the construction of the project. I apologise for this assertion, which appears to have been contradicted by Mr. Glass.
**
There is only a very small amount of “wiggle room” in his answer.
His explanation for the graphics that led me to the contrary conclusion was unsatisfactory. The only thing I can offer as justification for my assertion is the Cleanteq graphic presentation starting at 0:40 seconds in their video presentation, which clearly indicates use of scandium in the equipment. Check it for yourself.
When I listened to it no way did my mind do what your mind did. Just went back now and can see why one might think what you said. And can see your point. To me the picture was just a part of how Sc was going to be produced. I worked at a coal burning power plant. No way in hell did I ever think anything with Al belongs in a mining plant. Mining is going to very abreasive. I wonder what those autoclaves are made out of to hold up.
rubberworm Autoclaves are often lined with acid resistive brick to protect the Stainless steel or carbon steel shell. Another approach is lead lining. The ore is finely crushed/ground and in an acid slurry that is pumped.
https://www.911metallurgist.com/blog/autoclave-circuit
Don’t know about the lining specifically but titanium is a major material in the autoclaves.
Cobalt.
http://www.marketoracle.co.uk/Article60747.html
Cobalt…here’s a crazy thought.
With all the money going to Australia, Canada, and Slovakia looking for conflict-free, child labor-free cobalt, maybe some of the big cobalt suppliers in the DRC are so cheap they are worth a look.
Civilization might come to the DRC someday. Peace could break out.
That’s a brainstorm of an idea. Peace could break out, the truth is war has not broken out. Question – all companies do not use child labour I’d imagine. Depends how it’s mined? Do we have any companies we are aware of? I’d definitely not be averse to buying into them. How cheap are they. I heard the grades are good. Also the Chinese will buy from there regardless IMO. Some DD is required…..
Squirrel, I started with a list that has about 40 names.
Interesting that many of the companies we discuss here as leaders to not appear. That is fine with me.
Of the top picks on our thread, only CLQ and Ardea are mentioned. Others that we have seen mentioned here include Barra, Brixton, eCobalt, and Sherritt.
Not a word about AUZ, Platina, EUC, or Cobalt 27.
**
It will be easiest to look for reasons to eliminate tickers and see what is left over. So for my purposes, big caps and diversified conglomerates like Glencore, Vale, BHP will be eliminated.
Will advise if anything interesting pops up.
Mr Friedland does not appear to be scared to dig in DRC, look at Ivanhoe:
https://www.ivanhoemines.com
In fact, I’m beginning to think that a fair route to success in this investing lark is simply to “Follow the Friedland”. Having doubled up on CLQ last month, I ‘ve just added a bit of Sama. Have not added Ivanhoe yet, but the trigger finger is itching. Just “lottery ticket” sizes as yet, maybe doubling up on the next dip, to re-cycle some profit from IQE in the old UK. Happy days.
I do follow Friedland, but not exclusively or blindly.
Pretty closely, but not exclusively or blindly.
But I might do better if I followed him exclusively and blindly.
LOL!
Truth is at the heart of all humor.
I think Friedland is hedging his bets on the DRC, by going after copper in Columbia, and by holding off on adding Cleanteq processing in
Kipushi.
When you look at the potential of KKKW, you wonder how any other copper prospect could possibly interest him. My guess is that Friedland wants to be sure that if something really disruptive occurred in the DRC, he will still not miss the boom in copper.
With Kipushi, I cannot see any reason other than political uncertanty for Friedland to delay
putting in Cleanteq processing on the 90 years of waste piles that have been amassed at the King Leopold mine.
Just my opinion. Anything can happen, and Friedland plans ahead.
Following the Friedland (posted October 17):
“In a segregated account, put X amount of money into each of Robert Friedland’s public companies.
Do not do any due diligence on them.
Don’t look at it or touch it for three years.
See what happens.
CTEQF
IVPAF
FEXXF
CDBMF
GVXXF
CCNCF”
**
An equal amount of money should go into each
speculation….in theory. But I don’t think I could resist loading up on Cleanteq, and it would make me queasy to put an equal investment into CCNCF as I would in Cleanteq or Ivanhoe.
$AUZ Australian Mines AGM presentation…no position, none contemplated
http://www.asx.com.au/asxpdf/20171113/pdf/43p5bjcrwh8qtl.pdf
$AUZ looks like a very strong speculation. I want to make that opinion clear, before I call out one thing I found extremely distressing in their AGM presentation.
The offending material was in their FAQ section, which mainly was devoted to comparing themselves to Cleanteq. Comparing themselves to Cleanteq is not distressing or offensive at all, per se. It is justifiable and helpful.
**
What I found offensive was their assertion that there was no reasonable basis for the difference in market caps between the two companies.
They failed to mention, out of deceit or ignorance, that Cleanteq’s technology is applicable to many other targets besides scandium, cobalt, and nickel.
They failed to mention, out of deceit or ignorance, that Cleanteq has a promising water purification business, or a well-connected Chinese partner, or that their technology is being sold right now by an major African distributor.
They pretend, out of deceit or ignorance, that the difference between their market cap and Cleanteq’s market cap is an unexplained anomaly that has no justification.
It is either intentional deceit or ignorance. Neither attribute one is an attractive characteristic of management, at least for companies in which I am considering
an investment.
If they compared the deposits without reference to market caps, that would have been fine. Very good, in fact. But to point at the market caps, and tell investors there is no justifiable reason for it, that is deceit or ignorance.
Regardless of the potential of their Sconi and Flemington projects, I have lost a great deal of respect for the management $AUZ, who otherwise made a nice presentation.
One of you AUZ longs out there should send this diatribe to them.
I am not going to bother. No position.
**
Let’s also give them the benefit of the doubt they aren’t aware of the CLQ resource upgrade meaning our head grade will be a lot higher than .14% and also our mining lease in place.
Johnnn…in that case it is ignorance.
Everyone makes mistakes once in a while and one cannot expect every mine management team to keep up with developments at every other mine. But this is a rather specific situation where AUZ is deliberately and pointedly comparing themselves to a specific competitor who is clearly the leader in the sector.
This is completely acceptable, UNTIL you start asserting that there is no justifiable reason for the discrepancy, UNTIL you start claiming to investors that you have no idea why your market cap is
half a billion dollars less than the competitors.
A different investor may not see a problem with this and even praise
AUZ for being so aggressive. But for me, they are out. It shows a cynical disregard for the investor audience, and a willingness to unfairly hide the truth from prospective investors. It calls their integrity into question.
They are a massive avoid for me. One can only imitate CLQ for so long.
Johnnn…a few weeks ago, I saw two nearly simultaneous announcements, one from CLQ and one from AUZ.
I forget the specific content of the CLQ announcement, but it had to do with material development of the Sunrise/Syerston project…it was something very materially significant, like the autoclave purchase or a revised resource estimate or the offtake with Easpring.
The AUZ announcement was that management was at an investor conference in Hong Kong.
I thought the difference in the announcements was very telling. Now I can imagine AUZ explaining to Chinese investors why the AUZ market cap should be the same as CLQ. And maybe it will be someday.
But I will not be a buyer.
Hope you saw the motley fool AUZ article today Hendrix?
No. Do tell !
Try this https://www.fool.com.au/2017/11/15/is-australian-mines-limited-is-taking-its-shareholders-for-a-ride/
https://www.fool.com.au/2017/11/17/are-these-hot-small-cap-resources-shares-the-next-big-thing/
SS there is another specky around the vicinity of CLQ etc VIC ASX Victory Mines NP 1.9c aud.
The ASX in resources has been up & down this week, it’s just a matter of holding tight.
Mining news is coming, just a matter of time.
Thanks williamstown looks interesting, have you taken any position or thinking of. The SP is as you said all over the place, especially with the placement takers and other stuff going on….
https://hotcopper.com.au/threads/vicoa-expire-28-12-20.3835664/#.Wg7aiYhBo2w
ddzx HC thread above has some valid points, providing good but very critical DD on the situation, any opinion yourself? And could this all just be “moose pasture” , that said is in a good position next to the others.
I also do not fully understand how it seems that some have 2 choices as in VICOA and VIC to buy or it appears so? For example – Picked up more ops at 0.5c and 0.6c? And the other at the current SP of say 1.8c or?
Best SS.
Couldn’t post the link for some reason. If you google ‘AUZ motley fool’ you will find it. Very interesting and on topic.
Unfortunately this is happening across many stocks.
Automic Registry Services will cease to be Clean TeQ’s share registry provider as at close of business on Friday, 10 November 2017, and Computershare Investor Services Pty Limited will be the share registry provider commencing on Monday, 13 November 2017.
“This was changed in order to make it easier for shareholders to settle and move stock to and from the Canadian market once we have a listing on TSX. Computershare is global and will make the process easier for all.”
Clearing the decks and gettin’ ready.
$PGM $PTNUF/$CLQ $CTEQF/$AUZ deposit comps
http://www.platinaresources.com.au/wp-content/uploads/2017/11/13-November-2017-Investor-Prsentation.pdf
The Platina investor presentation. Very good comps, IMO concisely, clearly and fairly presented. No editorializing on the difference in market caps, no misrepresentations or self-serving Cleanteq bashing, just a focus on the deposits and figures on the market caps.
Liking Platina more, kind of a “Little Engine that Could”-kind of stock.
Making modest plans within their known resources.
The Munni Munni and Skaergaard projects might be worth something someday and the market cap on Platina is still microscopic after the recent double. The deposit has to be worth a lot more than the market cap.
Long PTNUF long CTEQF
This may impact future of Cobalt, Nickel battery. Fisker graphene Capacitor/Battery;
https://electrek.co/2017/11/14/fisker-solid-state-battery-breakthrough-electric-cars/
Fisker graphite batteries:
“Fisker EMotion will come with state of the art NMC (Li-ion) chemistry produced by one of the world’s leading battery companies…”
I think NMC means Nickel Manganese Cobalt.
NMC batteries…from Battery University…edited
Fisker’s breakthrough would not change the mix of battery materials needed.
It seems to be a breakthrough in the technology of NCM batteries that still use nickel, cobalt, manganese, lithium, and graphite:
“…Li-cobalt [is a] popular choice for mobile phones, laptops and digital cameras. The battery consists of a cobalt oxide cathode and a [layered] graphite carbon anode…during discharge, lithium ions move from the anode to the cathode. The flow reverses on charge. The drawback of Li-cobalt is a relatively short life span, low thermal stability and limited load capabilities…
…The drawback of Li-cobalt is a relatively short life span, low thermal stability and limited load capabilities (specific power)…Newer systems include nickel, manganese and/or aluminum to improve longevity, loading capabilities and cost….
Li-cobalt should not be charged and discharged at a current higher than its C-rating….[for example a] 18650 cell with 2,400mAh can only be charged and discharged at 2,400mA. Forcing a fast charge or applying a [higher load] than 2,400mA causes overheating and undue stress….
**
##From this I would conclude that Fisker’s batteries, if they work and achieve commercial viability, will not reduce demand for nickel, cobalt, manganese, lithium, or graphite.
##Also, it appears that graphene may have sophisticated uses in the making of layered graphite anodes. That is probably part of the fuss over graphene, which is graphite manufactured into ultra-thin sheet.
**
I also conclude that there is going to be a lot of additional demand on the electrical grids to power up all these vehicles.
It’s a wacky world. An announcement about lithium-ion battery technology gives me added conviction on an African uranium prospect.
The Fisker information makes me want to pull the trigger on Goviex.
What you say is all true re the current mediocre battery they are now using. The graphene capacitor/battery may not ever see production if they cannot solve problems, but if they do it will be the first successful use of a capacitor to power an EV.
Range and charging time would be a great leap forward but too early to rate chances.
We are still early in battery development and none so far are really satisfactory for EV use. That is likely to change. IMO
$LNZCF cobalt, nickel, copper is a very good mix. doing some DD, got to check out these jurisdictions, and the case to be made over and above HPX is bringing the typhoon. from a price standpoint, looks like 20 cents is the right entry. if it drops down to that, then it becomes much more compelling, maybe even .225.
http://marketequitiesresearch.com/marketbulletin-SRG-oct-2017.htm
Loooks like the subsidiary makes up a good portion of the value – should not go much lower unless the sub does. Both lnzcf and the sub have major catalyst coming up. Took a small position – look forward to your thoughts. The link above proves an overview and target.
Great find HN. Like I said, it pays to Follow the Friedland
Matt Bohlsen also featured it and should be out soon.
My DD is pretty superficial, just what is there on the website. I like multi metal deposits. But the main thing is Friedland’s strong position
My DD is pretty superficial, just what is there on the website. I like multi metal deposits. But the main thing is Friedland’s strong position. He is not taking 44 percent without a reason. He has a lot of big projects. There must be something important in Sama.
Two weeks after Friedland’s announced position they are doing a VTEM survey of the PGM claim. So I think this ius the priority and the graphite is just a plus, in Friedland’s estimation. I don’t think he is excited by graphite, I have never heard him mention it; but he probably isn’t repelled the bonus in the graphite interest, either.
100% – would not go near it without Friedland , but seems way undervalued if they can get anything decent with the market cap so small. Just look at how much of the value is in the Subsidary – if either one has a positive catalyst – this thing should do well. So very speculative, but willing to speculate with Friedland. Looks similar to the position he took on with Fex in Newfoundland. He positions himself well – gets in the door with option to reap the majority of the reward if it hits.
Two weeks after Friedland’s announced position they are doing a VTEM survey of the PGM claim. So I think this is the priority.
I don’t think Friedland is excited by graphite, I have never heard him mention it; but he probably isn’t repelled by the bonus in the graphite interest, either.
This is good for us cobalt people. https://www.reuters.com/article/us-metals-cobalt-amnesty/apple-leads-way-in-tracing-cobalt-from-congo-microsoft-lags-amnesty-idUSKBN1DF045
ICYMI Clean TeQ Holdings Ltd, Melbourne Ordinary Shares (Australia) (QX)
OTC BBN : CTEQFOption Chain
$1.09 0.02 (2.42%)
Bid/Ask
1.11 / 1.16
B/A Size
100 X 200
Volume
150,000
Griffin your NEU ASX is looking very strong, sorry I don’t know US code.
Fund mgrs & institutions I think have started buying.
$NURPF Neuren has been one of the few bright spots in my portfolio the last month or so. At the beginning of the month I initiated transfer of my eTrade brokerage account to Fidelity. That transfer seems to have through without any problem.
Something to look out for, its coming any week now. The TSE listing, and with it, the answer to an important question. New shares or not new shares? With new shares will come the rest of the money for the mine [I assume], and dilution for present shareholders. That dilution could conceivably be significant, if they use a new offering for the rest of the money, after half financing it thru debt. That amount is about half its present market cap. So I am looking forward to see how that goes. After the press release on the debt financing, the language about where the other half was going to come from was so nebulous, I couldn’t interpret it.
Hi RenbyCage – Which equity are you referring to please, Have a Gr8 day! Best2ALL 🙂
CleanTeQ
My understanding is we are presently in a short grace period before a new listing on the Toronto exchange becomes active.
Cleanteq has applied for listing on the TSX
RE: TSX listing and possible dilution of Cleanteq by share issuance
Anything could happen but I doubt very much that Friedland will dilute
shares in Cleanteq by new selling of additional shares to the public.
If more public shares are needed, my guess is that they have already been authorized and are sitting in Cleanteq’s treasury.
There are two main reasons for my supposition. First is that Friedland plans very carefully and is not likely to rely on the uncertainties of a new public issuance to make the TSX move viable. The move to the TSX is to increase awareness and exposure, and hereby increase demand for shares in the company. A public dilution is contrary to the reason for listing.
Second, from what we can observe Friedland does not use nickel-and-dime dilution to raise marginal amounts of cash. When he dilutes existing shareholders it is usually by selling a minority equity stake in a project, or it is a big strategic move to bring in a major partner. He values equity and is careful about using it.
It seems to me that he uses the public price to get validation of the worth of his assets. Diluting the company just to enable it to trade on the TSX would be unnecessary, contrary to his past practices, and somewhat self-defeating.
It could happen but I am not really concerned about it, either way.
Long CleanTeq (CTEQF)
Nick French: We Are Approaching The Cobalt Cliff
Palisade Radio
Really good discussion on coming cobalt shortage and cobalt futures
.He briefly mentions Friedland and CleanTeq plus some other current and upcoming producers
https://www.youtube.com/watch?v=eooo8yezOFI&feature=em-uploademail
Nice link thanks
#cobalt video – Thank you for sharing KSand52, What company does he mention at 17:54? https://youtu.be/eooo8yezOFI?t=1074 Best2ALL
SoGiAm, the answer to your question above I believe is
Sherritt International Corporation (No position) I have not done any DD on this one
COMPANY DESCRIPTION
Sherritt International Corporation, a diversified natural resource company, produces nickel, cobalt, thermal coal, oil and gas, and electricity.
Ticker Symbol: TSX:S
Website: http://www.sherritt.com
S.tsx, $SHERF np – Thank YOU KSand2! You are awesome!
Checked Sherritt briefly when looking at cobalt possibilities.
It was mentioned in a Seeking Alpha survey of cobalt miners.
Too diversified for my tastes, never got to looking at fundamentals.
No opinion no position
SRJ.tse https://web.tmxmoney.com/quote.php?qm_symbol=srj
Will edit in more e-mail SRJ–TSX.v A2AHL5–FSE SPMTF–USA long
About Spearmint Resources
Spearmint Resources Inc. is a Canadian junior resource exploration company dedicated to the aggressive pursuit of world class mineral deposits. Spearmint’s current projects include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘NEBA Copper-Gold Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 1,975 and 2,107 acre ‘EL North and EL North 2’ Nickel-Copper prospects in the Eskay Creek Camp border Garibaldi Resources Corp (GGI.v). Spearmint’s ‘Chibougamau Vanadium Prospects’ comprising of five separate claim blocks totaling 9,735-acres borders the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v). Spearmint’s portfolio of lithium projects include the ‘Clayton Valley Lithium Prospects’ in Nevada comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v), and three lithium projects in Quebec including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’.
If you would like to be added to Spearmint’s news distribution list, please send your email address to info@spearmintresources.ca.
Contact Information
Tel: 1604646-6903
http://www.spearmintresources.ca
“James Nelson”
President
Spearmint Resources Inc.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
SRJ.tse https://web.tmxmoney.com/quote.php?qm_symbol=srj
Will edit in more e-mail SRJ–TSX.v A2AHL5–FSE SPMTF–USA long
About Spearmint Resources
Spearmint Resources Inc. is a Canadian junior resource exploration company dedicated to the aggressive pursuit of world class mineral deposits. Spearmint’s current projects include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘NEBA Copper-Gold Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 1,975 and 2,107 acre ‘EL North and EL North 2’ Nickel-Copper prospects in the Eskay Creek Camp border Garibaldi Resources Corp (GGI.v). Spearmint’s ‘Chibougamau Vanadium Prospects’ comprising of five separate claim blocks totaling 9,735-acres borders the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v). Spearmint’s portfolio of lithium projects include the ‘Clayton Valley Lithium Prospects’ in Nevada comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v), and three lithium projects in Quebec including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’.
If you would like to be added to Spearmint’s news distribution list, please send your email address to info@spearmintresources.ca.
Contact Information
Tel: 1604646-6903
http://www.spearmintresources.ca
“James Nelson”
President
Spearmint Resources Inc.
Spearmint Resources Inc. (SRJ – TSX V, SPMTF – USA, A2AHL5 – Germany)
Thank you for your interest in Spearmint Resources Inc. Spearmint Resources is a Canadian junior resource exploration company dedicated to the aggressive pursuit of world class mineral deposits. The company is focused on assembling a portfolio of low risk, high reward properties at the exploration stage and developing them so as to maximize shareholder value. Several upcoming project milestones make this an exciting time period for Spearmint’s corporate growth potential. As you can see there are many compelling reasons to look at Spearmint immediately.
Spearmint’s current projects include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘Neba Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 1,975 and 2,107 acre ‘EL North and EL North 2’ Nickel-Copper prospects in the Eskay Creek Camp border Garibaldi Resources Corp (GGI.v). Spearmint’s ‘Chibougamau Vanadium Prospects’ comprising of five separate claim blocks totaling 9,735-acres borders the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v). Spearmint’s portfolio of lithium projects include the ‘Clayton Valley Lithium Prospects’ in Nevada comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v), and three lithium projects in Quebec including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’.
Current Projects
B.C. Properties:
• The “GOLDEN TRIANGLE GOLD PROSPECTS” – Spearmint Resources Inc. has recently acquired a 100-per-cent interest in four separate gold prospects totaling 4,095 acres. The Gold Triangle prospects are all located in the Golden Triangle gold district in British Columbia. One of the prospects is directly bordering GT Gold Corp’s (GTT.v) Tatogga Lake prospect and Colorado Resources (CXO.v). The other three prospects directly border GT Gold Corp’s Tatogga Lake prospect, which was the area of the impressive gold intercepts of 13.03 grams per tonne gold over 10.67 metres. The Golden Triangle is a world-class mining district with a renewed market focus and we are optimistic about what this region may provide for Spearmint’s growth strategy. Spearmint is planning to initiate work programs on this project shortly.
• The “NEBA COPPER-GOLD PROSPECT” – Spearmint Resources Inc. has acquired a 100 percent interest in the 3,052 acre ‘NEBA’ Copper-Gold Prospect in the Golden Triangle of British Columbia. This prospect borders Aben Resources Ltd (ABN.v). Aben recently announced on September 5th, 2017 “At Boundary, massive to semi-massive sulphide horizons were encountered in association with strong quartz carbonate veining and breccias. Sulphides within these packages are relatively enriched in chalcopyrite, a copper mineral that has shown a strong correlation with gold mineralization both on the Forrest Kerr Property and in several localities within the Golden Triangle…” This new prospect directly borders Aben’s Boundary zone.
• The “EL NORTH NICKEL-COPPER PROSPECT” – Spearmint Resources Inc. has acquired a 100 percent interest in the “EL North” Nickel-Copper Prospect in the world renowned Eskay Creek Mining Camp in the Golden Triangle of British Columbia. This prospect borders Garibaldi Resources Corp (GGI.v). Garibaldi announced on September 1, 2017 that they “intersected two long intervals of nickel-copper sulphide mineralization totaling 176 meters and consisting of pyrrhotite-pentlandite-chalcopyrite in the first drill hole…” This new prospect consists of 1,975 contiguous acres.
• The “GOLD MOUNTAIN PROSPECTS” – Spearmint Resources Inc. has acquired three separate claim blocks comprising of 1,245 acres that make up the Gold Mountain gold prospects near the town of Wells, B.C., two of these claim blocks are completely surrounded by Barkerville Gold Mines Ltd. (BGM.v). The other claim block directly borders Barkerville Gold Mines. According to a news release dated April 17, 2017, Barkerville announced some of its “best intercepts to date of 19.2 grams per tonne gold Au over 54.4 metres, including 32.06 grams per tonne Au over 30.7 metres” near the town of Wells, B.C.
Barkerville Gold has had great success on their property in this world-class gold district and have recently announced some of the best intercepts reported in British Columbia this year. When you considered Spearmint’s new Gold Mountain gold prospect is bordering their project, and some of the new claims are directly inside their property, Spearmint is very optimistic about what this new prospect may provide for Spearmint shareholders. We plan to commence operations as soon as possible.
Vanadium Properties:
• The “CHIBOUGAMAU VANADIUM PROSPECTS” – Spearmint Resources Inc. has acquired a 100-per-cent interest in five separate vanadium prospects totaling 9,735 acres, the Chibougamau vanadium prospects, all located in the direct vicinity of Lac Chibougamau, Quebec. These new properties border BlackRock Metals’ (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc.’s (VRB.v) Lac Dore vanadium project and Vanadium One Energy Corp.’s (VONE.v) Mont Sorcier vanadium project. This new block of claims puts Spearmint in the heart of the expanding Chibougamau mining district’s vanadium circle. Vanadium has garnered significant market attention recently as the use of vanadium in battery storage is gaining momentum and Spearmint is very pleased to be able to acquire a significant footprint in one of Canada’s best-known vanadium districts.
Lithium Properties:
• The “CLAYTON VALLEY LITHIUM PROSPECTS” – Spearmint Resources Inc. has acquired two separate claim blocks in Nevada that are prospective for lithium known as the Elon property and the McGee property which cover an aggregate area of 800 acres. These two separate claim blocks border Pure Energy Minerals’ (PE.v) Clayton Valley project and Cypress Development Corp’s (CYP.v) property. Pure Energy is in the only known lithium-bearing brine in North America that is in production and Spearmint is very pleased to be in this area. Historic and present drill programs in adjacent and nearby properties are suggestive of the potential for the discovery of lithium-bearing brines.
Of the 91 samples collected during the phase 1 work program, and submitted to ALS Minerals in Vancouver, B.C., The highest sample value obtained was 1,630 parts per million, with an overall average value of 843 parts per million lithium. Twenty-three of the 91 samples achieved values of over 1,000 parts per million. The samples ranged from a low of 285 parts per million to the high of 1,630 parts per million. Spearmint Resources is currently awaiting approval of the notice of intent submitted to the Bureau of Land Management’s office in Tonopah, Nev., the approval of which is required before drilling activities may commence.
President James Nelson, stated, “We are very pleased that the results verified what we were hoping to find on the Clayton Valley prospect. The Clayton Valley prospect is developing nicely and these results are extremely promising for us and will enable us to continue with a larger drill program in the near future. Historic and present drill programs in adjacent and nearby properties are certainly encouraging and the success of our neighbours (Pure Energy and Cypress Development) provide Spearmint with an optimal location in the Clayton Valley. It would appear that the mudstone formation hosting the lithium moves through the Cypress-Pure joint venture properties and appears to continue on our property. We are immediately formulating the next phase of operations and look forward to either attempting to develop this property ourselves or to possibly take on a partner. Management will evaluate all possible avenues going forward.”
• The “PREISSAC LITHIUM PROSPECT” – Spearmint’s 4,485 acre Preissac Lithium property is located in Quebec. The vicinity of the Preissac lithium property contains multiple lithium showings. Less than two km south of the property are located the Aldous and the Authier showings. Those showings correspond to spodumene mineralization inside pegmatite dikes, with a lithium content up to 1.14 per cent lithium. Less than three km northeast of the property is the Lac de Hauteur showing. Analysis reported by the MERN (Ministere de l’Energie et des Ressources naturelles) indicates anomalies in tantalium, niobium and lithium. Less than six km south are the Cominco-Nickel, Marbridge, Ataman, Lamotte and Cubric showings. These showings are ultramafic formation, with content up to 3.65 per cent nickel, with minor copper, zinc and molybdenum.
• The “WHABOUCHI LAKES LITHIUM PROSPECT” – Spearmint’s 524 acre Whabouchi Lakes property is located in the James Bay area of the province of Quebec. This property consists of four claims that total approximately 2.13 square km. These claims overlay the possible source of lake sediment geochemical anomalies. The anomalous elements are bismuth, rare earth elements, lithium, niobium and tungsten, which represent good pathfinders and indicators of pegmatite-hosted type of mineralization also present at Nemaska Lithium Inc.’s (NMX.V) Whabouchi deposit.
• The “WHABOUCHI LAKES WEST LITHIUM PROSPECT” – Spearmint’s 2,636 acre Whabouchi Lakes West property is located in the James Bay area of the province of Quebec, approximately 40 km east of the community of Nemaska, 228 km north-northwest of the Chibougamau municipality and in the immediate vicinity of the Whabouchi mine of Nemaska Lithium Inc. (NMX.v). It includes 20 claims that total approximately 10.66 square km.
If you would like to be added to Spearmint’s mailing list please send an email to info@spearmintresources.ca
Thank you for your time and consideration.
James Nelson
President
Spearmint Resources Inc.
604-646-6903
http://www.spearmintresources.ca
RECENT NEWS:
Spearmint Resources Inc. (Sept 13 ,2017) (“SRJ” or the “Company”) (SRJ—TSX.V) (SPMTF—OTCBB) (A2AHL5–FSE) wishes wishes to announce that it has acquired a 100 percent interest in the 3,052 acre “NEBA’ Copper-Gold Prospect in the Golden Triangle of British Columbia. This prospect borders Aben Resources Ltd (ABN.v). Aben recently announced on September 5th, 2017 “At Boundary, massive to semi-massive sulphide horizons were encountered in association with strong quartz carbonate veining and breccias. Sulphides within these packages are relatively enriched in chalcopyrite, a copper mineral that has shown a strong correlation with gold mineralization both on the Forrest Kerr Property and in several localities within the Golden Triangle…” This new prospect directly borders Aben’s Boundary zone.
James Nelson, President of Spearmint states, “We are very pleased to acquire this substantial claim block directly bordering Aben Resources. This new block is directly bordering Aben’s Boundary Zone located in the Golden Triangle of British Columbia. We have been aggressively expanding our acreage in the Golden Triangle as we feel that this area will be a global focus for Nickel-Gold-Copper institutional and retail investors. Spearmint now has 7 separate prospects within the Golden Triangle.”
Spearmint has recently acquired a 100-per-cent interest in four separate gold prospects located in the Golden Triangle gold district in British Columbia. These new prospects directly border GT Gold Corp’s (GTT.v) Tatogga Lake prospect. Spearmint also recently acquired 4,082 contiguous acres “EL North and EL North 2’ Nickel-Copper prospects bordering Garibaldi Resources Corp (GGI.v).
Spearmint Resources Inc. is a Canadian junior resource exploration company dedicated to the aggressive pursuit of world class mineral deposits. Spearmint’s current projects include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘NEBA Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 1,975 and 2,107 acre ‘EL North and EL North 2’ Nickel-Copper prospects in the Eskay Creek Camp border Garibaldi Resources Corp (GGI.v). Spearmint’s ‘Chibougamau Vanadium Prospects’ comprising of five separate claim blocks totaling 9,735-acres borders the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v). Spearmint’s portfolio of lithium projects include the ‘Clayton Valley Lithium Prospects’ in Nevada comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v), and three lithium projects in Quebec including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’.
Spearmint is currently in the process of creating location maps for our properties as well as updating the website.
If you would like to be added to Spearmint’s news distribution list, please send your email address to info@spearmintresources.ca.
Contact Information
Tel: 1604646-6903
http://www.spearmintresources.ca
“James Nelson”
President
Spearmint Resources Inc.
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
$SRJ
50% up today oohlala, missed that out :/
GGI fever spillover effect?
Monday will be fun..
Still worth to get in? Who knows… 🙂
$LNZCF / SME Sama Resources
http://www.bnn.ca/video/rick-rule-discusses-sama-resources-inc~1178642
Long, fp
$LNZCF Grabbed a starter position at .25USD
Thank you HendrixNuzzles, SecretSquirrel, RenbyCage, Griffin, Williamsville, Shavian, Dr. Hardin, NiiJim, Rubberworm, KSand52, Johnn, FinancialInvestor, Arch1, FrankW, DummyDane, LuLu and the Great Gummunity at large for sharing and caring for each other in our endeavors, Gumaraderie! 🙂
Have an awesome weekend and beyond ALL! BestAlwayz -Ben
Long time follower in this thread and been patiently waiting to enter Cleanteq
wanted to let everyone know I started a uranium microblog today and would love to have some discussion over there about different companies and strategies to profit from the next uranium bullish cycle. I think all the fundamentals are all starting to align. The Risk/reward doesn’t get much better than this.
https://www.stockgumshoe.com/2017/11/microblog-all-things-uranium-company-research-and-thesis-refinement/
FYI: Unable to subscribe…Travis did say it was affecting all threads and they were working on it.
Good going Levbrans. I agree uranium is good risk-to-reward, the only important variable is how long we have to wait for U308 prices to start up in earnest. It is inevitable …but not necessarily imminent.
Better to do our research now before the rush, even though one may not want to devote a lot of capital there ummediately.
My opinion is that the EV movement may be the catalyst for uranium prices. All the vehicles will put a lot of pressure on the electrical grids.
Levbrans…today might be a good day.
“Long time follower in this thread and been patiently waiting to enter Cleanteq”
Thanks for the heads up. Ive had a had a bid out for a starter position for awhile but havent filled yet. Might bump it up and make sure I’m in. Greatness potential thanks for all your coverage!
Electric semi trucks will further drive nickel and cobalt demand higher https://www.bloomberg.com/amp/news/articles/2017-11-17/tesla-truck-supercharges-hopes-for-boom-in-battery-metals-demand long $CTEQF
Important point that is often ignored in the discussion of EVs. Also other transport such as motorbikes, trains, busses, and so on.
All things Uranium: Company research and thesis refinement
https://www.stockgumshoe.com/2017/11/microblog-all-things-uranium-company-research-and-thesis-refinement/
Thank YOU Levbrans! To subscribe send an e- mail to Lynn@stockgumshoe.com until the subscribe issue is resolved. Best2ALL!
Who is this for: Investors looking to make explosive profits with time horizons of multiple years
What is this for: Exchange of ideas for how to position a portfolio for the next bullish cycle in uranium
Why? After 30 hours of preliminary research, I have a strong feeling that we are on the cusp of the next Uranium bull market and would like to share some of the research and sources I have found as well as gather information from the collective knowledge of stock gumshoe members about how others are positioning their portfolios and companies which look especially appealing.
Here is what got this whole journey started: https://www.youtube.com/watch?v=gfvAIor53Ig
I HIGHLY recommend anybody considering uranium to watch the above 22 min video by Michael Alkin. Michael has spent nearly the last 20 years in the hedge fund industry. He has worked for a few multi-billion dollar hedge funds. During his career, he has been an analyst, portfolio manager and partner. He has been a dedicated short-seller, managed both a long and short portfolio and at times have been responsible for several hundred million dollars of capital….