‘The Venturex boss says the industry is changing its image as commodities like copper, zinc and silver became ‘critical’ to deliver greener technology and energy solutions.’ #Zinc #Silver
More on what i was saying earlier about green energy
This did get signed the other day
Might have something to do with this and Red Electrica
@BloodyRedBaron Exactly what Shed said but more about the job creation theres a cluster of people working together
Mining Sense are on there and Confedem Which we went to a bilateral meeting with
As of this morning CERA Project
The Certification of raw materials. Covering every raw material, across every country, under a single scheme.
EIT RawMaterials Link € 2.5M CONFEDEM
Wont only be one grant available there will be others applied for. Its a start i do believe funding from various EU grants with maybe a bank backing it :)
Hope this helps
Guessing we are too small for Lundin but thought there might be a chance they would want a 51% stake. In saying that if the mine with payback years comes down to 2 could be on the cards profit over 12 years 500 million is nothing to them lol
Can someone clarify if this is still on the table for Lundin?
Lundin part 2. To exercise the back-in right, Lundin must (1) spend an amount equal to 2.5 times the aggregate expenditures made by GoldQuest on the Toral Project and (2) pay an amount in cash equal to 51% of the value of the shares issued by GoldQuest under the agreement. If Lundin elects to exercise the back-in right, the right of Lundin to receive the 1.5% NSR will be terminated.
Lundin Part 1. Lundin will retain a 1.5% royalty on the Net Smelter Return (NSR) from the Toral Project. Lundin also retains a one-time back-in right to reacquire a fifty-one (51%) percent interest in the Toral Project once GoldQuest provides written notice to Lundin within 10 days of the following events occurring: delineation of an inferred resource on the Toral Project of greater than 1 Million tonnes of lead and zinc (contained), as demonstrated in a NI 43-101 compliant report, and completion of not less than 5,000 meters of drilling.
Lundin will retain a 1.5% royalty on the Net Smelter Return (NSR) from the Toral Project. Lundin also retains a one-time back-in right to reacquire a fifty-one (51%) percent interest in the Toral Project once GoldQuest provides written notice to Lundin within 10 days of the following events occurring: delineation of an inferred resource on the Toral Project of greater than 1 Million tonnes of lead and zinc (contained), as demonstrated in a NI 43-101 compliant report, and completion of not less than 5,000 meters of drilling. To exercise the back-in right, Lundin must (1) spend an amount equal to 2.5 times the aggregate expenditures made by GoldQuest on the Toral Project and (2) pay an amount in cash equal to 51% of the value of the shares issued by GoldQuest under the agreement. If Lundin elects to exercise the back-in right, the right of Lundin to receive the 1.5% NSR will be terminated. Upon completion of the above, a Joint Venture will be formed pursuant to which Lundin will have 51% interest and GoldQuest will have a 49% interest in the Toral Project. Upon formation, each party will either fund their proportional share of the expenditures or Lundin may elect to increase its participating interest in the Joint Venture from 51% to 65% by completing a full feasibility study on the Toral Project.
Todays update again linked in better explained
#mining #sustainability #esg #water
Following a few questions yesterday on how the hydro programme at the Toral lead, zinc and silver project, Spain/EU works; as promised please find a picture of one of the tracers going into the test ready for the Europa Metals teams to log any appearance, across a series of monitoring stations. In this structured manner sub surface water conditions can be modelled from the new data sets retrieved. Best practice water management is a crucial part of the Toral PFS, currently under way, and we work within the structured/established regulations set out at both federal and regional government levels within Spain.
For those that missed the Iberdrola deal last week
I’m sure a lot of zinc is going to be needed for this park
but most importantly was this hot off the press yesterday
The area is noted for its mining. Lundin Mining Corp.'s copper-zinc Neves-Corvo mine is located approximately 50 km to the west and Trafigura has the Aguas Teñidas mine around 40 km to the east, and a number of smaller producers are in the area as well. First Quantum recently announced approval for its 500 million euro project at its Las Cruces operation in the belt.
The area has become even more receptive to mining recently with the issuing of a directive by the government of Andalusia stating that "underground mining will be given priority and will be permitted on all land classifications," Gower explained. "That was followed by an announcement by the European Union that it was going to invest €3.5 billion in mining and metallurgical project development in the two provinces."
Wont set it alight but its the first communication we've had in nearly 2 weeks. PFS coming together with drilling results and everything else will add a lot of value to the company. Just need that with this value event were waiting on a signature for :) ...Am i right in thinking Adam Habib only had a 6 month contract aswell? I'm guessing there will be lots of info in the next RNS and also hoping we here how much cash we have left in the bank.
Linked in says it better though Hydro bore hole complete- Toral lead zinc silver project water assessment programme for pfs. Part of Developing a new generation of eu based, fully transaprent, metals mines/ethical concentrate source #mining #sustainability #silver #zinc #lead #esg #concentrates #eu
Im expecting an update very soon!
Very busy week, last week with team fully focused on successfully completing this hydro borehole. Water a key component of Toral pb zn ag development/pfs- well done Luis and team
Could be one for the storage systems
I have no doubt this will mined Bricks and where it’s going. Too much talk about mining license next year being applied for and the results on that huge cocoon of rock samples.. I will listen to the interview again though. Once the PFS is done and cash is in the bank we are a very attractive company for a TO bId. Just how much will that be?
Reading this the FCA couldn’t give 2 hoots about inside trading
Even hotter off the press