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(AIM: AMC)
Response to Press Speculation and Share Price Movement
Amur Minerals Corporation, a nickel-copper sulphide mineral exploration and resource development company which possesses a wholly owned nickel sulphide asset located in the far east of Russia, notes the recent share price movement and press speculation that a potentially interested party has valued the Company at an indicative price of up to £100 million. The Company confirms that it is in discussions with a potential purchaser to sell its wholly owned subsidiary, Irosta Trading Limited, for approximately the indicated price. Irostra Trading Limited owns the Kun-Manie Project.
Such a disposal would constitute a fundamental change of business under AIM Rule 15 and therefore be subject to shareholder approval. There can be no certainty that any agreement will be reached in respect of the proposed disposal, nor as to the terms of the proposed disposal. A further announcement will be made in due course.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
Morning all and agree with your post CB, we are very much undervalued compared with a lot of Canadian companies listed on the TSXV. I don’t understand people’s frustrations here but “some” who constantly moan are doing it because they have an agenda and have sold trying to get a cheaper entry then moaning to get the sp to fall, I have never moaned about a company I’m invested in so for me I question if they hold stock. Any way moving on.
The news yesterday was ok and not worthy of the decline in the SP we are experiencing IMO but that is just aim, how it works and how it is. Everyone here who knows anything about how to value a company “knows” LND is massively undervalued and in time that value WILL be realised but it isn’t going to happen over night like we all want, it will take time and until certain information is communicated we will continue as we are.
What I would like to see moving forward from the company is the MRE arriving early February as communicated in yesterday’s RNS if not, before. That will be a positive sign to all shareholders because at the moment most here are unhappy with the current speed of progress. Once the MRE is RNS’d and digested we can look forward to the PEA and maybe an operations update, that will announce the future plans and where we go moving forward. In the mean time we “are” for sale and an offer could come in any time after the MRE or PEA or even after that.
Whatever the case may be I will just sit patiently and wait with my 1% of the company in the belief from my previous experience’s that the value will come and I will hit my exit target, either through a sale of the company a partial take out, a joint venture or even a big rise in the share price, it also reassures me that Bill has done this in the past and that the board are aligned with us shareholders, Bill knows what to do and as he says he needs to get the ducks in line. After all just look at what we’ve got in our portfolio and most of it is not priced in.
The Market cap here is ludicrous because the Gold is in the ground and we are closing in on the 2M oz which will be a phenomenal achievement by the company when we get there. What amazes me is the fact we have all these valuable resources in abundance and yet the share price is many times below what it should be, but truth be known we are moving down that development curve, this market will never give us fair value but a sale of some sort will and on that note I’ll leave my thoughts with you. Thanks UR for your mention. Have a good day all.
I’m thinking we will get our long awaited news next week , i believe there have been slight delays at the lab with the assays and these will be reported along with the MRE together. I remember bill saying it would be better to include these in the MRE or even stitching them in or adding a note to include the latest drilling in the MRE. I think they’ve choose this time not to report in batches like before but to wait until all the drilling was completed (end of November) because reporting in batches of 7 didn’t really do anything for the Sp all in my opinion of course let’s see.
Silence is golden but Silence is Boring too. Have a great weekend all.
Clean Air Metals expands high grade zone at Thunder Bay North
On the heels of a positive preliminary economic assessment (PEA) for its Thunder Bay North PGE-copper-nickel project, released in December, Clean Air Metals (TSXV: AIR) has reported more encouraging […]
By Canadian Mining Journal Staff January 5, 2022 At 2:09 pm
The core shack at the Thunder Bay North PGE-copper-nickel project in Ontario. Credit: Clean Air Metals ?On the heels of a positive preliminary economic assessment (PEA) for its Thunder Bay North PGE-copper-nickel project, released in December, Clean Air Metals (TSXV: AIR) has reported more encouraging results from drilling. The company plans to release an updated resource incorporating the results in the first quarter.
The new batch of assays included results from 11 holes drilled at the Escape and Current deposits at the project (four from Escape and seven from Current), near Thunder Bay, Ont..
They included a highlight of 46 metres grading 19.6 g/t platinum equivalent from 399 metres downhole in hole 83A, a stepout hole at the southwest margin of the Escape South High Grade zone. The interval was composed of 3.03 g/t platinum, 3.94 g/t palladium, 1.33% copper and 0.51% nickel, and included a 31-metre section grading 25 g/t platinum equivalent composed of 3.9 g/t platinum, 5.1 g/t palladium, 1.7% copper and 0.63% nickel.
Other holes included 20 metres of 8.1 g/t platinum equivalent (1.33 g/t platinum, 1.56 g/t palladium, 0.54% copper, and 0.2% nickel) starting at 373 metres downhole in hole 87A at Escape; and 12 metres of 6.5 platinum equivalent (0.96 g/t platinum, 0.95 g/t palladium, 0.47% copper, and 0.3% nickel) starting at 270 metres downhole in hole 32 at Current.
True width of all holes is estimated at 95% of reported lengths.
The company completed 37,000 metres of expansion drilling at the Escape deposit last year that is not included in the current resource. As of January 2021, Escape has indicated resources of 849,481 oz. platinum equivalent in 4.3 million tonnes grading 6.16 g/t platinum equivalent.
The Current deposit, 2.5 km east of Escape, contains indicated resources of 2.2 million platinum-equivalent oz. in 12 million tonnes grading 5.79 g/t platinum equivalent.
"Step-out drilling on the margins of the Escape South High Grade Zone (HGZ) continues to deliver impressive assay results,” said Clean Air Metals’ CEO Abraham Drost in a release. Drost added that the recent PEA identified the zone, which has grades of 5 g/t platinum plus palladium and higher, as a high value potential mining area at the base of the Escape deposit in years 5 and 6 of the mine plan.
“Assay results to date, along with the 2,000 metres of core in the lab still awaiting assay, suggest good continuity of mineralization between sections along the 900-metre trend of mineralization between the Escape South High Grade zone and Steepledge South zone,” Drost said.
Clean Air plans to resume drilling at Thunder Bay North this week
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10,000 metres of drilling slated for the lower Current deposit to improve drill density and potentially add mineable material to the PEA.
Up to 16,000 metres of additional drilling is planned to start this month on frozen muskeg at Thunder Bay North to follow up on discrete geophysical anomalies that could represent massive sulphide material at the base of the Escape and Current deposits within the Escape Lake Fault zone corridor.
The Thunder Bay North PEA outlined a 10-year mine life for the project with an initial capital investment of $367 million and a post-tax net present value (at a 5% discount) of $389 million. Clean Air plans to advance the project toward a prefeasibility study next year.
The combined indicated resource for the Current and Escape deposits is 14.6 million tonnes grading 1.54 g/t palladium, 1.58 g/t platinum, 0.20 g/t gold, 2.30 g/t silver, 0.42% copper, 0.23% nickel, 167 g/t cobalt, and 0.05% rhenium. The inferred resource is 8.1 million tonnes grading 0.69 g/t palladium, 0.67 g/t platinum, 0.07 g/t gold, 1.07 g/t silver, 0.33% copper, 0.15% nickel, 138 g/t cobalt, and 0.01% rhenium.
For more information, visit www.cleanairmetals.ca.
https://www.mining.com/rio-tinto-to-buy-lithium-project-in-argentina-for-825m/
Lithium carbonate prices in China extended their rally to 242,500 yuan per tonne, amid imbalances with current global supply levels and the metal’s surging demand. Electric vehicle deliveries in China are expected to total 3 million units this year, more than double of last year’s, and forecasts point to more than 5 million sales in 2022. Meanwhile, bets on long-term scarcity of the light metal set EV manufacturers to race each other for long-term contracts, as lithium miners compete for contracts and face continued opposition from environmental groups. Mining giant Rio Tinto PLC pledged over USD 2 billion to develop lithium mines in Serbia, but backlash from protesters led local authorities to momentarily suspend the land-use plan for the mine. Elsewhere, leftist Gabriel Boric won presidential run-offs in Chile. During campaigns, the president-elect expressed plans on forming a state-owned lithium miner to manage the country’s “lithium triangle”, the world's largest reserve.
Good find sport billy what I find interesting is MR Sprott is invested I wonder if they will want LND ?
In addition, Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, and Baccarat Trade Investments Limited, which beneficially hold 68,300,000 and 76,099,500 shares (representing 17.69% and 19.71% of the outstanding shares), respectively, have also entered into similar voting and support agreements with Hochschild supporting the Arrangement.
I must admit I thought we would get some news today but at least we are another day closer to the update. So for me I’ll just sit relax and wait, I hope they’ve found more visible gold in the drill cores and have started drilling Felix now, all building nicely for the incoming MRE. Have a good day all.
Try this one Tom
https://total-market-solutions.com/2021/10/landore-resources-oct-2021/