Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
SolGold (TSX: SOLG) is a successful exploration company focused on the discovery and definition of very large copper and gold deposits. The company has a first-mover advantage in Ecuador, in a very promising but little explored section of the Andean Copper Belt, which hosts several large copper and gold projects. The deposits probably host half of the world's copper resources.
From an investor's perspective, for projects of the magnitude of SolGold, it is important to remember that the right team with sufficient experience is particularly important to be successful in implementing a strategy. With copper and gold, the company focuses on commodities that can serve a booming market. The electrification of modern society requires huge amounts of copper and as the money supply increases, more and more people are fleeing with their wealth into the oldest currency in the world. With gold production expected to reach its historic peak in 2020, these are good conditions for SolGold and its shareholders.
https://twitter.com/SolGold_plc/status/1263121122377322497?cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email
GCM Resources plc
("GCM" or the "Company")
(AIM:GCM)
Extension of MOU with NFC and PowerChina
GCM Resources plc, an AIM quoted mining and energy company, announces that, further to its announcement of 13 January 2020, it has agreed an extension of the memorandum of understanding ("MoU") with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. ("NFC") and Power Construction Corporation of China, Ltd. ("PowerChina"), for a further six months, on the same terms as previously announced, in view of the current coronavirus disease pandemic.
The Company notes that significant progress has already been made with NFC and PowerChina under the MoU and that this extension enables the Company to continue towards the formation of a strategic partnership to jointly develop the Company's proposed world class high grade coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project in North-West Bangladesh (the "Project").
In relation to the formal proposal to the Government of Bangladesh, the Company is looking forward to working with PowerChina and NFC to finalise this in due course. A further announcement may be made when appropriate.
The Executive Chairman of GCM, Datuk Michael Tang PJN, stated:
"Whilst the Covid-19 pandemic has delayed our progress with the Project, we believe that it has encouraged the Government of Bangladesh to review and enhance its energy security by utilising local fuel sources, following supply and importation disruptions. This supports our strategy to become an impact project for the people of Bangladesh, providing low cost and sustainable electricity in-country, by combining the Company's coal mine proposal with mine mouth power plants generating 6,000MW.
"We are also pleased to report that a large part of the process towards finalising our strategic partnership with NFC and PowerChina has been completed. Both NFC and PowerChina are highly respected global companies, and in becoming strategic partners to the Project, will add tremendous strength and credibility to our proposal.
"I would like to thank the teams at both NFC and PowerChina for their dedication and continuing support, particularly during this global crisis, towards delivering substantial benefits for the Government of Bangladesh, its people and our stakeholders."
WE had the same last May I think. A 7am RNS each day with fringe project updates before the main RNS being now the 3rd MRE. I am very confident, if my hypothesis is correct, that the MRE will be released next week. IMHO.
Diggin
Long time since I looked here but my holding remains the same.
Does anyone foresee this share returning to a recognised stock market any time soon? This year even?
Appreciate any replies.
Thanks
Recent Twitter post - go to Solgold's own Twitter posts and the one that is titled "The Solgold technical team attended AME Roundup in Vancouver".
In the middle of some mining presentation - read what SH posted as a comment after the twitter post mentioned above " o MRE3 is now delayed until April/May 2020 & not "imminent" [taken from your latest project projection timelines in this presentation]. 2 questions 1) why the delay & 2) why not update investors......???
Earthling - you are so rude with what you post. Didn't like what I posted? So be it but stop being so rude. I never mentioned a mining journal. I said exactly what SH posted as that is what I was referring to.
I don't ever make things up. Idiot