Point Roberts, WA and Delta, BC – November 29, 2021 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO’s and leading experts. Today’s podcast was sponsored by O2Gold Inc. (TSXV:OTGO), a mineral exploration company with activities in Colombia.
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Exploring Mining Podcast 225 – (TSXV: OTGO) (TSXV: DEFN) (OTCQB: DFMTF) (NYSE: AEM) (NYSE: KL) (TSXV: VSR)
Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has announced the results of its Preliminary Economic Assessment (PEA) and updated mineral resource estimate for the development of its Wicheeda Rare Earth Element (REE) deposit in British Columbia, Canada. The company’s CEO, Craig Taylor, said:
“We are pleased to have delivered a positive PEA for the Wicheeda REE Project that has the potential to be one of the top REE projects in the world. We chose SRK due to its world class experience and reputation in the mining industry and in particular its ability to assemble a team with highly specialized knowledge of Rare Earth Elements projects. The results of the PEA reveal the Wicheeda Project demonstrates robust economics and relatively low initial CAPEX via a staged development scenario that provides the flexibility to capitalize on forecast REE demand pressure.”
Agnico Eagle Mines Limited (NYSE:AEM) has announced that its shareholders voted “overwhelmingly in favour of the resolution approving the issuance of Agnico Eagle common shares in connection with the proposed merger” with Kirkland Lake Gold Ltd. (NYSE:KL). Sean Boyd, Agnico Eagle’s CEO, said:
“We are very excited about the transaction as it positions Agnico Eagle as the leading low risk global gold company with growing production, low costs and strong ESG leadership. Our near-term focus will be on completing the integration plan for the two companies while we await the final regulatory approvals. We look forward to providing additional information on the combined businesses once the transaction has been finalized, which is expected to occur in the first quarter of 2022.”
Vanstar Mining Resources Inc. (TSXV:VSR) has signed a letter of intent with IAMGOLD Corporation (NYSE:IAG) to acquire a 75 percent interest in the Calder-Bousquet property. According to the press release, the property boasts “37 contiguous mining claims covering approximately 1,490 ha.”
Element 29 Resources Inc. (TSXV:ECU) has announced that Peru’s Ministry of Energy and Mines has issued authorization for it to start exploration activities at its wholly-owned Flor de Cobre Copper project in the south of the country. Richard Osmond, Chairman and Interim CEO of Element 29, explained:
“Flor de Cobre comprises two highly prospective porphyry centres – Candeleria and Atravezado. Candelaria was drilled in the 1990s and outlined an historical resource estimate of 57.4 million tonnes of 0.67% copper associated with a supergene enrichment blanket. The upcoming drill program will allow Element 29 to complete a potential mineral resource estimate compliant with NI 43-101 disclosure requirements while continuing to explore the system at depth.”
Exploring Mining Podcast Sponsor
O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otu Fault project, with senior management based in nearby Medellin. The team’s deep roots and experience in Latin America-in both capital markets and mining-gives it the regional knowledge and operational expertise to create a world-class project.
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