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On market purchase yesterday by looks of it
Https://polaris.brighterir.com/public/aterian_plc/news/rns/story/rgze30w
80kg of copper in an EV
OVERNIGHT NEWS
(+) LITHIUM AMERICAS: US Interior Department finds that nearly all of the Thacker Pass site contains lithium, removing another hurdle. Dept to also modernize / clarify rules to simplify permitting process going forwards
- As a reminder, the recent favourable District Court ruling included a remand to the BLM relating to the determination of mining claim rights for tailings.
o LAC was to work closely with the BLM to complete the required assessment, which includes demonstrating mineralization extending to tailings area
- The Interior Department concluding that nearly all of Thacker Pass site contains lithium removes another key hurdle for the project, where construction has already started
o Officials analyzed ~107 of the nearly 500 individual claims, and found only 8 don’t have evidence of enough mineralization to justify siting the waste rock dump there
o As a further positive to US mining, the Interior Department said it will clarify mineral rights under the 1872 law to reflect the “realities of the 21st century.”
- +ve read to TRIDENT, which owns owns a net 1.05% royalty on Thacker Pass – assuming LAC exercises the partial royalty buyback
https://polaris.brighterir.com/public/trident/news/rns/story/wkokp1x
=/+) TRIDENT ROYALTIES: Q4/21 activities update. Good progress on all fronts with significant royalty uplift expected in Q1/22
- Royalty payments set for significant increase in Q1/22
o Q4/21 royalty payments of US$0.375m exclusively from Mimbula copper under minimum payment schedule.
o Stockpiling impacted Koolyanobbing receipts which are expected to increase materially in Q1/22 upon sale of volumes
o First gold at Lincoln Gold Project expected Q1/22, slight delay due to supply chain issues
o Inaugral revenue from gold offtake portfolio received after quarter end, with US$13.3m in receipts expected over 2022
- Significant asset level catalysts during the quarter
o Lithium Americas doubling of resource at Thacker Pass lithium project as well as an upsized feasibility study (+30% production)
o Mineral Resources commenced production at the Claw Pit, Koolyanobbing, entirely on TRIDENT’s royalty tenure
o APOLLO CONSOLIDATED, operator of Lake Rebecca gold project was acquired by RAMELIUS RESOURCES which has indicated intensions to develop a 10y >100koz/y Au mine
o SEDULI commenced processing plant commissioning and pre-production at Lincoln Gold Project
- Balance sheet update
o Q4/21 cash balance stood at US$17.2m which doesn’t include Q4/21 royalty receipts
- Link
RNS refers to $75m of revenue for Trident from Sonora and Thacker combined at Phase 2 production rates and current spot prices.
https://polaris.brighterir.com/public/trident/news/rns/story/xz7m2ew