Vladimir Potanin Sanctioned by the UK and Nickel Price Impact

The UK government has added Vladimir Potanin, Norilsk Nickel’s president and chairman of the management board, to its list of sanctioned individuals. The LME nickel price remains in question. A June 29 update notification from HM Treasury’s Office of Financial Sanctions Implementation (OFSI) noted Potanin’s addition. The stated reason was that he would benefit from…

The post Vladimir Potanin Sanctioned by the UK and Nickel Price Impact appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The UK government has added Vladimir Potanin, Norilsk Nickel’s president and chairman of the management board, to its list of sanctioned individuals. The LME nickel price remains in question. A June 29 update notification from HM Treasury’s Office of Financial Sanctions Implementation (OFSI) noted Potanin’s addition. The stated reason was that he would benefit from...

The post Vladimir Potanin Sanctioned by the UK and Nickel Price Impact appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

MetalMiner Insights New Feature Release

FOR IMMEDIATE RELEASE: 07/01/2022 Jennifer Kary MetalMiner mail@metalminer.com MetalMiner Insights Releases New Features Correlation Tables, European Steel Prices and Stainless Steel Should-Cost Models Chicago, IL: MetalMiner announced today new featur…

FOR IMMEDIATE RELEASE: 07/01/2022 Jennifer Kary MetalMiner mail@metalminer.com MetalMiner Insights Releases New Features Correlation Tables, European Steel Prices and Stainless Steel Should-Cost Models Chicago, IL: MetalMiner announced today new features on MetalMiner Insights, a SaaS platform providing trends for industrial metal prices, forecasts and buying strategies. The brand new features offer a unique way for...

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Mining Co. Starts Field Work in Chile, Offers ‘High Investment Leverage Potential’

With four priority targets identified, Canadian explorer Golden Arrow Resources Corp. is conducting its initial exploration program at its newly acquired copper-gold-cobalt property, noted a Goldletter International bulletin, and also explains why it b…

With four priority targets identified, Canadian explorer Golden Arrow Resources Corp. is conducting its initial exploration program at its newly acquired copper-gold-cobalt property, noted a Goldletter International bulletin, and also explains why it believes the company is undervalued.

Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) kicked off its initial exploration at the San Pietro copper-gold-cobalt project in Chile and continues logging historical drill core data on the project, reported Marino Pieterse, publisher and editor of Goldletter International, in a June 16 Investment Alert. The company purchased the project from Sumitomo Metal Mining Chile in March for cash consideration of US$3.35 million.

Over the next six months, the British Columbia-based exploration company plans to carry out detailed surface mapping and sampling, trenching, and updated geophysics work at San Pietro, now its flagship project, beginning at the Rincones target.

"The 2022 work program will work toward a resource delineation program at Rincones while continuing to evaluate and advance other areas of the property," Pieterse wrote.

Previous owners of San Pietro carried out nearly $15M worth of exploration work there. Rincones was the primary focus of historical exploration, "with multiple drill holes returning assays with significant copper, gold and cobalt values," Pieterse noted. One highlight intercept from that work is 28 meters (28m) of 1.14% copper, 0.12 grams per ton gold, and 335 parts per million of copper. 

Golden Arrow identified three additional targets by compiling and analyzing historical data from 34,000m of drilling, 1,000-plus surface samples, and numerous geophysical surveys. The targets are Colla, 2.3 kilometers (2.3 km) southwest of Rincones; Rodeo, 7.5 km northwest of Rincones; and Radiss Norte, due north of Rincones.

Pieterse reiterated that San Pietro is an 18,448-hectare project in Chile's Atacama region and noted that "there is excellent mining infrastructure in the area." The project is flanked by two iron oxide-copper-gold projects owned by Capstone Copper, Santo Domingo immediately adjacent to the east and Mantos Verde 10 km to the west.

Pieterse also stated that he believes Golden Arrow is currently undervalued with a market valuation of US$13.9 million (CA$18 million). He noted that the company had total assets of CA$12.5 million in cash and cash equivalents as at March 31, 2022, "as well as expecting promising results from several planned drilling programs this year, besides the San Pietro Copper-Gold-Cobalt Project, including the Flecha de Oro project and its more than 180,000 hectares of properties for Joint Ventures in Argentina."

"Golden Arrow, in my view, is offering a high investment leverage potential," he added.

Pieterse's price target on Golden Arrow is CA$0.50 per share; the stock is currently trading at around CA$0.15 per share.

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Disclosures:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Golden Arrow Resources Corp. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

 

Goldletter International

Information and investment comments are independently and thoroughly researched and believed to be reliable and in good faith. No guaranty of absolute accuracy can be given, however ● Investment decisions are fully made for own risk.

( Companies Mentioned: GRG:TSX.V; GARWF:OTCQB; G6A:FSE, )

International Commodities Market Fluctuates, Global Slowdown Impending

Mexico’s steel metal market recently saw a slowdown, leading experts to believe that Mexico’s industrial metal market may soon turn bearish. Flat steel prices, along with long steel prices, have been dropping over the past several weeks. In fact, Mexico’s steel prices have been in steady decline since April. However, in mid-May, prices dropped sharply…

The post International Commodities Market Fluctuates, Global Slowdown Impending appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Mexico’s steel metal market recently saw a slowdown, leading experts to believe that Mexico’s industrial metal market may soon turn bearish. Flat steel prices, along with long steel prices, have been dropping over the past several weeks. In fact, Mexico’s steel prices have been in steady decline since April. However, in mid-May, prices dropped sharply...

The post International Commodities Market Fluctuates, Global Slowdown Impending appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Spanish Deposit Offers ‘The Best Bang for the Buck’

Results of Emerita Resources Corp.’s first drill hole there suggest the prospective potential of this high-grade project, noted a Clarus Securities report.Emerita Resources Corp.’s (EMO:TSX.V; EMOTF:OTCMKTS; LLJ:FSE) first hole drilled at Romanera, LR0…

Results of Emerita Resources Corp.'s first drill hole there suggest the prospective potential of this high-grade project, noted a Clarus Securities report.

Emerita Resources Corp.'s (EMO:TSX.V; EMOTF:OTCMKTS; LLJ:FSE) first hole drilled at Romanera, LR002, returned a wide intercept of ultra-high grade, reported Clarus Securities analyst Varun Arora in a June 23 research note.

"Romanera offers the best bang for the buck versus other known deposits at Iberian Belt West," wrote Arora. "Emerita is trading at about a 65–75% discount to peers."

Standout hole LR002, drilled by Emerita, confirmed the 14.3 meter (14.3m) massive sulfide intercepts, starting about 134.2m downhole, previously noted visually, Arora noted.

LR002 returned 14.3m of 7.6 grams per tonne gold (7.6 g/t Au), 311 g/t silver (Ag), 3% zinc (Zn), 2.9% lead (Pb) and 0.4% copper (Cu). This is equivalent to 15.6 g/t gold equivalent (Au eq) or 25.4% Zn eq.

Within this intercept were higher-grade intercepts, such as 7.8m of 17.4 g/t Au eq or 28.4% Zn eq containing 372 g/t Ag. A second one was 4.6m of 14.6 g/t Au eq or 23.8% Zn eq containing 8% Zn and 3.8% Pb.

These new zinc equivalent assays of 28.4%, 25.4%, and 23.8% are roughly double the 12% Zn eq, containing 1 g/t gold and 64 g/t silver, of the higher-grade portion of the historical resource.

As for the 7.6 g/t grade of gold returned in LR002, it is a "positive surprise," Arora wrote. For one, it suggests the gold grades at Romanera could be significantly higher than those of the historical resource. This could translate into a larger resource and a more economic deposit.

Most of the upper portion of the Romanera deposit, 100–200m, was not assayed for gold historically; assays were only done for other metals. So just by including the gold mineralization present, the Romanera resource could likely be expanded within the deposit's historical boundaries, the analyst noted.

In addition to that, there is potential upside in the areas where historical drilling encountered the highest grade mineralization because it was only drilled to a depth of around 350 meters, while other deposits in the region were drilled to an average of around 750 meters. Also, "the highest grade material indicated by the historical drilling remains wide open in all directions."

Given all of the ways in which Emerita could expand the Romanera resource, the project has "big size potential," Arora noted. The historical resource is already large at 34,000,000 tons (34 Mt).

"The high-grade intercepts at depth imply potential to swiftly grow tonnage, with every 100m vertical extension adding 2–4 Mt," the analyst added. The project "could eventually be a very large underground +30 Mt deposit at about 12% zinc equivalent (Zn eq)."

Emerita completed its initial drill holes at Romanera, assays of which are pending, and is continuing to drill, Arora noted. Thus, near-term news flow should be steady.

"We expect the positive drill results validating the historic[al] resource and confirming the expansion potential at Romanera to reignite interest in the story and drive a rerating to close the valuation gap," wrote Arora.

Clarus has a Speculative Buy rating and a CA$5 per share price target on Emerita, the current share price of which is around CA$1.24.

Disclosures:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Emerita Resources Corp. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. 

Disclosures for Clarus Securities Inc., Emerita Resources Corp., June 23, 2022

General Disclosures: The analyst has visited the Company's operations in Spain in November 2021. Partial payment or reimbursement was received from the issuer for the associated travel costs. 

Within the last 24 months, Clarus Securities Inc. has managed or co-managed a public offering of securities of this company.

Within the last 24 months, Clarus Securities Inc. has received compensation for investment banking services with respect to the securities of this company. 

The information and opinions in this report were prepared by Clarus Securities Inc. ("Clarus Securities"). Clarus Securities is a wholly-owned subsidiary of Clarus Securities Holdings Ltd. and is an affiliate of such. The reader should assume that Clarus Securities or its affiliate may have a conflict of interest and should not rely solely on this report in evaluating whether or not to buy or sell securities of issuers discussed herein. 

The opinions, estimates, and projections contained in this report are those of Clarus Securities as of the date of this report and are subject to change without notice. Clarus Securities endeavors to ensure that the contents have been compiled or derived from sources that we believe are reliable and contain information and opinions that are accurate and complete. However, Clarus Securities makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors and omissions contained herein, and accepts no liability whatsoever for any loss arising from any use of, or reliance on, this reports or its contents. 

Information may be available to Clarus Securities or its affiliate that is not reflected in this report. This report is not to be construed as an offer or solicitation to buy or sell any security. 

The research analyst and/or associates who prepared this report are compensated based upon (among other factors) the overall profitability of Clarus Securities and its affiliate, which includes the overall profitability of investment banking and related services. In the normal course of its business, Clarus Securities or its affiliate may provide financial advisory/or investment banking services for the issuers mentioned in this report in return for remuneration and might seek to become engaged for such services from any of such issuers in this report within the next three months. 

Clarus Securities or its affiliate may buy from or sell to customers the securities of issuers mentioned in this report on a principal basis. Clarus Securities, its affiliate, and/or their respective officers, directors, or employees may from time to time acquire, hold or sell securities discussed herein, or in related securities or in options, futures or other derivative instruments based thereon.

Analyst Certification: Each Clarus Securities research analyst whose name appears on the front page of this research report hereby certifies that (i) the recommendation and opinions expressed in the research report accurately reflect the research analyst's personal views about the Company and securities that are the subject of this report and all other companies and securities mentioned in this report that are covered by such research analyst and (ii) no part of the research analyst compensation was, is, or will be directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report. 

( Companies Mentioned: EMO:TSX.V; EMOTF:OTCMKTS; LLJ:FSE, )

Copper Prices Plunge, But Chile Remains Optimistic

Copper prices have long been considered a major indicator of global economic health. So when they plunged to 16-month lows on June 23, investors quickly hit the “panic button.” According to this CNN Business article, the commodity’s 11% drop over two weeks shows that global growth is slowing. However, not everyone agrees. Chile’s Codelco Thinks…

The post Copper Prices Plunge, But Chile Remains Optimistic appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Copper prices have long been considered a major indicator of global economic health. So when they plunged to 16-month lows on June 23, investors quickly hit the “panic button.” According to this CNN Business article, the commodity’s 11% drop over two weeks shows that global growth is slowing. However, not everyone agrees. Chile’s Codelco Thinks...

The post Copper Prices Plunge, But Chile Remains Optimistic appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

UK Proposing Extension of Protectionist Steel Measures

In desperate times, politicians turn to increasingly desperate policies to prop up support. This remains the case for British steel. Recently, the UK’s Boris Johnson has been dodging accusations that he repeatedly lied to parliament. This, combined with his seeming inability to admit his failings, has pushed political turmoil in the country to a fever…

The post UK Proposing Extension of Protectionist Steel Measures appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

In desperate times, politicians turn to increasingly desperate policies to prop up support. This remains the case for British steel. Recently, the UK’s Boris Johnson has been dodging accusations that he repeatedly lied to parliament. This, combined with his seeming inability to admit his failings, has pushed political turmoil in the country to a fever...

The post UK Proposing Extension of Protectionist Steel Measures appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Co. Secures Option to Acquire Its 15th Uranium Asset

The mining firm plans to drill at this Athabasca Basin property this year, noted a Fundamental Research report.Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB; SC1P:FSE) secured an option to acquire up to 100% of the Russell Lake uranium project from…

The mining firm plans to drill at this Athabasca Basin property this year, noted a Fundamental Research report.

Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB; SC1P:FSE) secured an option to acquire up to 100% of the Russell Lake uranium project from Rio Tinto, reported Fundamental Research analyst Sid Rajeev in a June 21 research note.

To own Russell Lake outright, the analyst noted, Skyharbour must pay about US$37.5 million (US$37.5M) in cash or shares and spend US$12M on exploration there over several years.

Note: The company stated in its May 19 news release that as operator, it can "earn an initial 51% interest in the Property by paying CAD $508,200 in cash, issuing 3,584,014 common shares to RTEC, and funding CAD $5,717,250 in exploration on the Project, inclusive of a 10% management fee to Skyharbour, over a period of 3 years."

The addition of this property would take Skyharbour's total of uranium projects in and around Canada's Athabasca Basin to 15. One of those, Moore, is just next door to Russell Lake, and Skyharbour is pursuing a seven-hole drill program at it.

"The drill-ready Russell Lake project is strategically located between Cameco’s (TSX: CCO) Key Lake mill and MacArthur uranium mine, the world’s largest uranium mill and the largest high-grade uranium mine, respectively," Rajeev noted.

Extensive exploration work already has been done at Russell Lake, which is made up of 26 claims over 73,294 hectares, the analyst stated. At this property, about 230 holes' worth of drilling spanning roughly 95,000 meters was previously completed, and exploration targets were identified, wrote Rajeev. Those include the Grayling zone, M zone extension, Little Man Lake, Christie Lake and Fox Lake Trail. The Grayling zone, for example, showed 0.3 meters of 3.45% U3O8.

Skyharbour plans to follow up soon with some preliminary exploration efforts at Russell Lake and then drill there later this year.

The analyst noted that Skyharbour has a strong balance sheet, and its in-the-money warrants and options imply it can raise US$5M.

"We expect several catalysts from the ongoing/planned exploration programs by Skyharbour and its partners this year," added Rajeev.

Fundamental adjusted its fair value estimate on Skyharbour to CA$0.75 per share from CA$1.04 "due to the lower sector multiple," Rajeev indicated. Currently, the uranium company is trading at around CA$0.38 per share. Fundamental maintains its Buy rating on the company.

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Disclosures:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Skyharbour. Click here for important disclosures about sponsor fees. 
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Skyharbour, a company mentioned in this article.

Disclosures for Fundamental Research Corp., Skyharbour Resources Ltd., June 21, 2022

The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness.

There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by SYH to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct.

Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, SYH has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated.

Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time.

( Companies Mentioned: SYH:TSX.V; SYHBF:OTCQB; SC1P:FSE, )

Estimating Stainless Steel Costs Becoming More Complicated

Last Month, MetalMiner reported that stainless steel cost had been holding strong amid high demand and increased production. However, we did identify some cracks in what might otherwise look like a solid recovery. As we transition from Q2 to Q3, some o…

Last Month, MetalMiner reported that stainless steel cost had been holding strong amid high demand and increased production. However, we did identify some cracks in what might otherwise look like a solid recovery. As we transition from Q2 to Q3, some of those cracks have grown significantly. Low Demand in China Affecting Stainless Steel Cost...

The post Estimating Stainless Steel Costs Becoming More Complicated appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

British Steel Begins Construction of New Billet Caster at Scunthorpe

New Steel Billet Caster in the Works Longs producer British Steel has begun constructing a billet casting machine at its Scunthorpe works. It will be the second such machine built at the site, which lies in England’s East Midlands region. On June 15th, the company said that the continuous caster should come on stream in late 2022….

The post British Steel Begins Construction of New Billet Caster at Scunthorpe appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

New Steel Billet Caster in the Works Longs producer British Steel has begun constructing a billet casting machine at its Scunthorpe works. It will be the second such machine built at the site, which lies in England’s East Midlands region. On June 15th, the company said that the continuous caster should come on stream in late 2022....

The post British Steel Begins Construction of New Billet Caster at Scunthorpe appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.