ACEA: COVID, buyer confidence strike E.U.’s 2020 passenger vehicle registrations

New passenger automobile registrations in the European Union fell by almost a quarter in 2020, due directly to the COVID-19 pandemic, the European Automobile Manufacturers Association (ACEA) said. “Indeed, containment measures – including full‐scale lockdowns and other restrictions throughout the year – had an unprecedented impact on car sales across the European Union,” the Brussels-based…

The post ACEA: COVID, buyer confidence strike E.U.’s 2020 passenger vehicle registrations appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

New passenger automobile registrations in the European Union fell by almost a quarter in 2020, due directly to the COVID-19 pandemic, the European Automobile Manufacturers Association (ACEA) said. “Indeed, containment measures – including full‐scale lockdowns and other restrictions throughout the year – had an unprecedented impact on car sales across the European Union,” the Brussels-based...

The post ACEA: COVID, buyer confidence strike E.U.’s 2020 passenger vehicle registrations appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

What do China’s surging copper imports tell us about the economy for 2021?

China has had a fraction of the deaths and hospitalizations from the COVID-19 pandemic that Western societies have had. Furthermore, China had an economic bounceback that saw its GDP rise 2.3% last year. China’s bounceback The rebound has been impressive. Construction of new high-speed train lines to smaller provincial cities and new motorways connecting remote…

The post What do China’s surging copper imports tell us about the economy for 2021? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

China has had a fraction of the deaths and hospitalizations from the COVID-19 pandemic that Western societies have had. Furthermore, China had an economic bounceback that saw its GDP rise 2.3% last year. China’s bounceback The rebound has been impressive. Construction of new high-speed train lines to smaller provincial cities and new motorways connecting remote...

The post What do China’s surging copper imports tell us about the economy for 2021? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Rio Tinto iron ore shipments rise 2% in Q4 2020

This morning in metals news: Rio Tinto’s iron ore shipments rose 2% year over year in Q4 2020; the Energy Information Administration forecast 2021 will see less power generation from natural gas this year; after rising during the first week of 2021, the LME three-month aluminum price has since been sliding. Rio Tinto reports rise…

The post This Morning in Metals: Rio Tinto iron ore shipments rise 2% in Q4 2020 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: Rio Tinto’s iron ore shipments rose 2% year over year in Q4 2020; the Energy Information Administration forecast 2021 will see less power generation from natural gas this year; after rising during the first week of 2021, the LME three-month aluminum price has since been sliding. Rio Tinto reports rise...

The post This Morning in Metals: Rio Tinto iron ore shipments rise 2% in Q4 2020 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Germany’s thyssenkrupp wins contract to build 88 MW water electrolysis plant in Quebec

German steelmaker thyssenkrupp has won a contract to build an 88 megawatt (MW) water electrolysis plant for Canadian energy company Hydro-Québec, the firm announced Monday. “This project is an excellent illustration of how important the interaction of secure access to competitive renewable energy and the use of scaled technology for hydrogen production is,” said Sami…

The post Germany’s thyssenkrupp wins contract to build 88 MW water electrolysis plant in Quebec appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

German steelmaker thyssenkrupp has won a contract to build an 88 megawatt (MW) water electrolysis plant for Canadian energy company Hydro-Québec, the firm announced Monday. “This project is an excellent illustration of how important the interaction of secure access to competitive renewable energy and the use of scaled technology for hydrogen production is,” said Sami...

The post Germany’s thyssenkrupp wins contract to build 88 MW water electrolysis plant in Quebec appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Jaguar Land Rover stops production at Midlands plant as coronavirus’ third wave hits U.K.

Although auto plants were among many industries closed in the U.K. during the first lockdown last year, closures gave companies time to prepare working environments to be safe for workers. By the end of the first lockdown, most automakers were back in at least partial production with reduced manning. Auto sales have since been poor,…

The post Jaguar Land Rover stops production at Midlands plant as coronavirus’ third wave hits U.K. appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Although auto plants were among many industries closed in the U.K. during the first lockdown last year, closures gave companies time to prepare working environments to be safe for workers. By the end of the first lockdown, most automakers were back in at least partial production with reduced manning. Auto sales have since been poor,...

The post Jaguar Land Rover stops production at Midlands plant as coronavirus’ third wave hits U.K. appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: USTR releases annual WTO compliance report for China, Russia

This morning in metals news: the United States Trade Representative released its annually mandated report covering the WTO rules compliance of China and Russia; U.S. Steel officially closed on its acquisition of the remaining equity of Big River Steel;…

This morning in metals news: the United States Trade Representative released its annually mandated report covering the WTO rules compliance of China and Russia; U.S. Steel officially closed on its acquisition of the remaining equity of Big River Steel; and the Pilbara Ports Authority earlier this month reported shipping data for December. USTR releases annual...

The post This Morning in Metals: USTR releases annual WTO compliance report for China, Russia appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Long-Awaited Drilling About to Commence at Val-d’Or Projects in Quebec

Source: Streetwise Reports   01/18/2021

Black Tusk aims to find out if adjacent gold mineralization continues onto its property.

Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) is about to start its first drill program—a initial 3,000-meter program—at two of its projects, McKenzie East and Lorraine, both located in the Val-d’Or district in Quebec.

Val-d’Or, literally “Valley of Gold,” has seen gold mining since the 1920s; Agnico Eagle Mines, Bonterra Resources, El Dorado Gold, Yamana Gold, QMX Gold and Monarch Gold—which is being acquired by Yamana Gold—all have operations there. The Canadian Malartic Mine, Canada’s largest mine and a 50-50 joint venture between Yamana Gold and Agnico Eagle, is located not far from McKenzie East.

The lion’s share of Black Tusk’s inaugural drill program is expected to take place at its flagship project, McKenzie East, a 1,676-hectare property that borders Monarch Gold’s McKenzie Break project.

In preparation, over the last year Black Tusk has conducted rock and MMI soil sampling at the project—grab samples have returned assays as high as 241.8 grams per tonne gold (g/t) and 107.2 g/t gold—followed by a drone magnetometer survey and OreVision 3D induced polarization surveys. “This work has given us the first targets that we will be drilling, five or six holes, with some going as deep as 400 and 500 meters,” Black Tusk CEO Richard Penn told Streetwise Reports.

Black Tusk wants to find out if Monarch’s adjacent McKenzie Break deposit continues onto Black Tusk’s side of the border. “Monarch’s McKenzie Break has a proven resource and they have been hitting some incredible numbers. It’s been coming up on trend with what we’re seeing in all the sampling that we’ve done,” said Roman Rubin, Black Tusk’s CFO and a director of the company.

“What we want to do is prove up that the same deposit as Monarch’s is on our ground; Monarch actually expanded its land package to touch ours. By drilling, we are looking to see if that resource is actually much bigger and is underneath us as well,” Rubin explained.

Geologist Dr. Mathieu Piche, a director of Black Tusk who has also done work for both Monarch and a company on the other side of Black Tusk’s property, “believes that the same trend on those two properties carries through our property. Hopefully we can prove that we are right in the middle,” Rubin said.

Yamana’s CA$200 million takeover of Monarch was “one of the biggest acquisitions in Val-d’Or in 2020, if not the largest,” Rubin explained.

Black Tusk expects to start its McKenzie East drill program with about five or six holes, and expand the program based on the assay results. “We are funded to do a lot more that these first holes,” Rubin said. The company expects it will take around two months for the lab to deliver the assay results.

The company will also conduct some drilling at its Lorraine property, also located in Val-d-Or, southwest of McKenzie East. “The holes at Lorraine will be shallower, about 100 meters deep, because the deposit is closer to surface, and we expect to begin with around five holes. The area has platinum group metals, copper and gold,” Penn said.

Black Tusk is fully funded for the drill program, having around CA$2.5 million in its treasury.

“For investors interested in exploration, this is the time to get into a company like Black Tusk,” Penn concluded.

The company is listed on the Canadian Securities Exchange under the symbol TUSK and has approximately 138 million shares outstanding.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 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: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Black Tusk Resources Please click here for more information.

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 Black Tusk Resources, a company mentioned in this article.

( Companies Mentioned: TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE,
)

Source: Streetwise Reports   01/18/2021

Black Tusk aims to find out if adjacent gold mineralization continues onto its property.

Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) is about to start its first drill program—a initial 3,000-meter program—at two of its projects, McKenzie East and Lorraine, both located in the Val-d'Or district in Quebec.

Val-d'Or, literally "Valley of Gold," has seen gold mining since the 1920s; Agnico Eagle Mines, Bonterra Resources, El Dorado Gold, Yamana Gold, QMX Gold and Monarch Gold—which is being acquired by Yamana Gold—all have operations there. The Canadian Malartic Mine, Canada's largest mine and a 50-50 joint venture between Yamana Gold and Agnico Eagle, is located not far from McKenzie East.

The lion's share of Black Tusk's inaugural drill program is expected to take place at its flagship project, McKenzie East, a 1,676-hectare property that borders Monarch Gold's McKenzie Break project.

In preparation, over the last year Black Tusk has conducted rock and MMI soil sampling at the project—grab samples have returned assays as high as 241.8 grams per tonne gold (g/t) and 107.2 g/t gold—followed by a drone magnetometer survey and OreVision 3D induced polarization surveys. "This work has given us the first targets that we will be drilling, five or six holes, with some going as deep as 400 and 500 meters," Black Tusk CEO Richard Penn told Streetwise Reports.

Black Tusk wants to find out if Monarch's adjacent McKenzie Break deposit continues onto Black Tusk's side of the border. "Monarch's McKenzie Break has a proven resource and they have been hitting some incredible numbers. It's been coming up on trend with what we're seeing in all the sampling that we've done," said Roman Rubin, Black Tusk's CFO and a director of the company.

"What we want to do is prove up that the same deposit as Monarch's is on our ground; Monarch actually expanded its land package to touch ours. By drilling, we are looking to see if that resource is actually much bigger and is underneath us as well," Rubin explained.

Geologist Dr. Mathieu Piche, a director of Black Tusk who has also done work for both Monarch and a company on the other side of Black Tusk's property, "believes that the same trend on those two properties carries through our property. Hopefully we can prove that we are right in the middle," Rubin said.

Yamana's CA$200 million takeover of Monarch was "one of the biggest acquisitions in Val-d'Or in 2020, if not the largest," Rubin explained.

Black Tusk expects to start its McKenzie East drill program with about five or six holes, and expand the program based on the assay results. "We are funded to do a lot more that these first holes," Rubin said. The company expects it will take around two months for the lab to deliver the assay results.

The company will also conduct some drilling at its Lorraine property, also located in Val-d-Or, southwest of McKenzie East. "The holes at Lorraine will be shallower, about 100 meters deep, because the deposit is closer to surface, and we expect to begin with around five holes. The area has platinum group metals, copper and gold," Penn said.

Black Tusk is fully funded for the drill program, having around CA$2.5 million in its treasury.

"For investors interested in exploration, this is the time to get into a company like Black Tusk," Penn concluded.

The company is listed on the Canadian Securities Exchange under the symbol TUSK and has approximately 138 million shares outstanding.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 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: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Black Tusk Resources Please click here for more information.
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 Black Tusk Resources, a company mentioned in this article.

( Companies Mentioned: TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE, )

Analyst: Mining Project in Quebec Boasts ‘Zone Showing Promise’

Source: Streetwise Reports   01/18/2021

Troilus Gold’s new drill results and their implications are discussed in a Haywood Capital Markets report.

In a Jan. 12 research note, Haywood Capital Markets analyst Pierre Vaillancourt noted that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced the findings from the two initial holes drilled at the Troilus property as part of its fall-winter 2020 campaign. “The drill results demonstrate promising potential for the Southwest zone to become the center of gravity for the Troilus deposit,” he added.

Vaillancourt noted that the two holes showed extension of gold mineralization inside and outside of the Southwest zone open pit as defined in the 2020 preliminary economic assessment (PEA).

TLG-ZSW20-204, a 200 meter (200m) stepout hole, encountered broad gold mineralization between 50 meters and 450 meters from surface, outside of the resource envelope and the proposed pit.

Hole TLG-ZSW20-201 confirmed that mineralization extends into an undrilled area in the PEA pit. Mineralization, located 3 kilometers (3 km) from the main resource area, extends for more than 1 meter and remains open.

Further, the holes returned highlight intercepts, the grades of which were higher than those in the existing resource. Specifically, hole TLG-ZSW20-204 showed 1.95 grams per ton gold equivalent (1.95 g/t Au eq) over 20m and 1.5 g/t Au eq over 9m, and included higher grade intervals.

TLG-ZSW20-201 demonstrated 2.48 g/t Au eq over 6m and 2.5 g/t Au eq over 5m, within a broader intersection of 1.74 g/t Au eq over 21m.

Vaillancourt pointed out that mineralization of Southwest, while lithologically similar to that of the other zones at Troilus, contains “more intense alteration, with stronger silica alteration and more veining.” This alteration, considered with the recent drill results, suggests that the Southwest mineralization could have higher grades than the other zones and, therefore, potentially become larger than the other Troilus deposits, the analyst noted.

To further delineate this Southwest mineralization and drill test the recently discovered Beyan and Testard target areas, Vaillancourt noted, Troilus Gold plans to carry out 50 km of drilling at Troilus this year.

“We remain positive as the 2021 drilling program gets underway, which we believe could be transformative for the resource and the outlook of the project,” Vaillancourt concluded.

Haywood has a Buy recommendation on Troilus Gold and a target price on it of CA$4 per share. The stock is currently trading around CA$1.09 per share.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
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: Troilus Gold. 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 from Haywood Securities, Troilus Gold Corp, January 12, 2021

Analyst Certification: I, Pierre Vaillancourt, hereby certify that the views expressed in this report (which includes the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report) accurately reflect my/our personal views about the subject securities and the issuer. No part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendations.

Important Disclosures

Of the companies included in the report, the following Important Disclosures:
▪The Analyst(s) preparing this report (or a member of the Analysts’ households) have a financial interest in Troilus Gold (TLG-T).

▪ Haywood Securities, Inc. has reviewed lead projects of Troilus Gold (TLG-T) and a portion of the expenses for this travel have been reimbursed by the issuer.

▪ Haywood Securities, Inc. or one of its subsidiaries has managed or co-managed or participated as selling group in a public offering of securities for Troilus Gold (TLG-T) in the last 12 months.

▪ Haywood Securities, Inc. or one of its subsidiaries currently provides market making services to Troilus Gold (TLG-T), for which Haywood is compensated by the issuer on a monthly basis.

( Companies Mentioned: TLG:TSX; CHXMF:OTCQB,
)

Source: Streetwise Reports   01/18/2021

Troilus Gold's new drill results and their implications are discussed in a Haywood Capital Markets report.

In a Jan. 12 research note, Haywood Capital Markets analyst Pierre Vaillancourt noted that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced the findings from the two initial holes drilled at the Troilus property as part of its fall-winter 2020 campaign. "The drill results demonstrate promising potential for the Southwest zone to become the center of gravity for the Troilus deposit," he added.

Vaillancourt noted that the two holes showed extension of gold mineralization inside and outside of the Southwest zone open pit as defined in the 2020 preliminary economic assessment (PEA).

TLG-ZSW20-204, a 200 meter (200m) stepout hole, encountered broad gold mineralization between 50 meters and 450 meters from surface, outside of the resource envelope and the proposed pit.

Hole TLG-ZSW20-201 confirmed that mineralization extends into an undrilled area in the PEA pit. Mineralization, located 3 kilometers (3 km) from the main resource area, extends for more than 1 meter and remains open.

Further, the holes returned highlight intercepts, the grades of which were higher than those in the existing resource. Specifically, hole TLG-ZSW20-204 showed 1.95 grams per ton gold equivalent (1.95 g/t Au eq) over 20m and 1.5 g/t Au eq over 9m, and included higher grade intervals.

TLG-ZSW20-201 demonstrated 2.48 g/t Au eq over 6m and 2.5 g/t Au eq over 5m, within a broader intersection of 1.74 g/t Au eq over 21m.

Vaillancourt pointed out that mineralization of Southwest, while lithologically similar to that of the other zones at Troilus, contains "more intense alteration, with stronger silica alteration and more veining." This alteration, considered with the recent drill results, suggests that the Southwest mineralization could have higher grades than the other zones and, therefore, potentially become larger than the other Troilus deposits, the analyst noted.

To further delineate this Southwest mineralization and drill test the recently discovered Beyan and Testard target areas, Vaillancourt noted, Troilus Gold plans to carry out 50 km of drilling at Troilus this year.

"We remain positive as the 2021 drilling program gets underway, which we believe could be transformative for the resource and the outlook of the project," Vaillancourt concluded.

Haywood has a Buy recommendation on Troilus Gold and a target price on it of CA$4 per share. The stock is currently trading around CA$1.09 per share.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
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: Troilus Gold. 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 from Haywood Securities, Troilus Gold Corp, January 12, 2021

Analyst Certification: I, Pierre Vaillancourt, hereby certify that the views expressed in this report (which includes the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report) accurately reflect my/our personal views about the subject securities and the issuer. No part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendations.

Important Disclosures
Of the companies included in the report, the following Important Disclosures:
▪The Analyst(s) preparing this report (or a member of the Analysts' households) have a financial interest in Troilus Gold (TLG-T).
▪ Haywood Securities, Inc. has reviewed lead projects of Troilus Gold (TLG-T) and a portion of the expenses for this travel have been reimbursed by the issuer.
▪ Haywood Securities, Inc. or one of its subsidiaries has managed or co-managed or participated as selling group in a public offering of securities for Troilus Gold (TLG-T) in the last 12 months.
▪ Haywood Securities, Inc. or one of its subsidiaries currently provides market making services to Troilus Gold (TLG-T), for which Haywood is compensated by the issuer on a monthly basis.

( Companies Mentioned: TLG:TSX; CHXMF:OTCQB, )

Divide and Conquer, American-Style, the Dollar and Precious Metals

Source: Michael Ballanger for Streetwise Reports   01/18/2021

Sector expert Michael Ballanger explores how fluctuations in the value of the U.S. dollar and the gold and silver markets have played out over the last week.

It was several months ago, in the midst of heated and widely accepted civil disobedience, looting and civic trespassing by members of Antifa and the Black Lives Matter movement, that I opined that the “demonstrations” (as opposed to “armed insurrections”) in cities like Portland and Seattle were not symptomatic of left-vs.-right, white-vs.-non-white, or liberal-vs.-conservative divides cleaving American society with butcher-like finality. I said then, and I say again now, that these blatant examples of unlawful social unrest were (and are) the direct result of the fiscal and monetary policies of the banco-politico cartel and their precision-like and very purposeful implementations. The result is a bifurcated economic divide between those that “have” and those that “have not.”

As the brilliant humourist George Carlin once said “It’s one big club and guess what? You ain’t in it.”

In just a few days, the most powerful nation on earth installs a new commander-in-chief, amidst a battle-zone Washington backdrop with the National Guard and the military displaying a presence never before seen at a presidential inauguration. In fact, one of those lame media sources was complaining that it was a “sad state” when celebrants are vastly outnumbered by armed security, lest that dastardly throng of “deplorables” attempt another assault.

As a former resident of the U.S., I see a nation that now has three two-level chess games being played out, with one contest between the polarized masses (Antifa, BLM anti-Trump, pro-Trump), and the second—and much more important—contest being between those fortunate members of “the club” (the “haves”) and those destined for eternal exclusion from “the club” (the “have-nots”). Make no mistake, the far more insidious contest is the latter, because integral to the maintenance of the status quo in America is the surgical division of the “have-nots” while creating a “divide-and-conquer” narrative, pitting one side versus the other.

The mainstream media (particularly CNN) cannot go ten minutes without pounding the drum for a second Trump impeachment and conviction, an event that would prevent the disgraced leader from ever again seeking Federal office and which would eliminate his pension and his security staff. The sad reality is that the media cannot see the forest for the trees, and by way of the Trump obsession and hatred, they play right into the hands and pocketbooks of the banco-politico cartel, mesmerized by symptoms yet ignorant of causes. When they allowed the corporate elites to gut America’s middle class by exporting the manufacturing sector to China and Mexico, they were inviting an equal and opposite reaction. All in the name of “globalization,” and now it has returned home to bite them squarely in the backside.

It was one year ago today that I posted a picture of the CNN Fear-Greed index sporting a near-historic 97 reading for “Extreme Greed.” The number is somewhat subdued today at 60 (“Greed” without the “Extreme”), and I find that astonishing given the deflationary headwinds that now prevail. In fact, I find myself in the same quandary today that I was in last January, where monetary policy was decidedly bullish for precious metals but where the technical action for the shares was tentative at best. I opted to stay way from the big miner exchange-traded funds (GDX and GDXJ), ultimately re-entering on March 16 (GDX sub-$20), in what was my best call for 2020.

But here in January 2021, there are two conditions combining to create a formidable headwind—the long overdue rebound in the US Dollar (USD) Index and the overvaluation in the broad stock markets.

Now, there are those precious metals gurus out there that have been calling for $5,000 gold and $400 silver since 2002, with dozens upon dozens of junior mining recommendations now in the graveyard of broken dreams and failed expectations. I do not aspire to join that group, which is why I keep the number of companies I cover down to less than half a dozen, because close attention to the few yields far superior performance than peripheral attention to the many.

My bullish case for the commodities sector as a group, and precious metals as the centerpiece, lies in my use of history as a roadmap for asset and sector allocation. The main argument for inflation being proffered by the analytical community for 2021 and beyond is central bank policy initiatives coupled with fiscal stimulus. Massive increases in the supply of currency units the world, over chasing finite supplies of goods and services, can only result in a reaction in the cost or price of those goods and services. That is Econ 101, right from the textbook.

However, from a demand-supply standpoint (assuming finite money supply growth), there are two different types of inflation. Demand-pull inflation (like 2002–2011) saw voracious Chinese demand for commodities like iron ore and copper pull prices higher. Cost-push inflation (like the 1970s) is where restricted supply creates shortages (oil), resulting in higher input costs that, in turn, are reflected in inflated end-user or consumer prices.

While the pandemic has seemingly caused a deflationary decline in demand, the offsetting fiscal and monetary stimulus handed out by the central banks and their government puppets has largely wound up in elevated stock and real estate prices, the latter being the ultimate collateral for the member banks. However, once the stimulus effects dissipate, demand must naturally soften, so demand-pull inflation is unlikely.

On the other hand, the globe is now running a very real risk of a disruption in the supply chain for all commodities, including iron ore and particularly copper, where LME inventories are plummeting to fie-year lows.

The result is that, assuming the vaccine is effective (and that is an enormous “if”), the normalization of global demand is going to be challenged by the supply problem. Even if it takes longer for the global economy to recover, the supply disruption is going to create dislocations around the globe, resulting in ultimately higher prices everywhere. That brings us to the short-term outlook for the precious metals and the commodities sector.

The short-term pricing structure is being dominated by the USD Index, where the recent COT report shows a lopsided long position held by managed money versus an equally lopsided position held by the commercial traders. On Friday, the US dollar had a sharp rebound and the result was a $24 drop in gold, a $0.97 drop in silver, a $0.063 drop in copper, and a $1.42/barrel drop in crude oil. I see the potential for a move to 93-94 for the USD Index, which would invite even more algo-driven computer bombings in the commodities pits for at least the next two weeks. While the inauguration week might see the return of the US dollar rout, rebounds usually take longer.

As for the gold and silver arena, I have spoken about the Commercial Trader short position being in the historically hostile 300,000-plus rage for what appears to be an eternity, and I commented last week after that Friday’s US$78 crash that the COT would undoubtedly see Commercial short-covering “of substance,” along with a purge in the massive long position held by Large Speculators (350,000 contracts). Well, one look at this week’s COT and now you know. There is just too much money on the table.

Given the rout we just went through this past Friday, in everything, expect the Commercials to have covered even more, which is bullish looking out a few months. But it can take weeks of Spec long liquidation and bullion bank short covering before a tradable bottom appears. Is this what I expected once 2020 tax-loss selling ended? The answer is “yes,” as to the move in the HUI from under 300 to over 325, but “no” as to the mid-January crash to 284.

The gold chart looks less than friendly, with major support now at US$1,775/ounce and that big oppressive downtrend line sitting at US$1,950. If the USD rally persists next week, we could see a test of support in a hurry.

Silver was in better technical shape than gold, but now that the 100 daily moving average (dma), at US$25.14, has been breached, there is a little support at $24, but much larger support at $22.50. Again, it appears to be all USD-related.

We remain in a period of strong seasonality for precious metals and the miners, and as there is no argument about the strength of the fundamental case for gold producers given the extraordinary vault in free cash flow, that argument is largely falling on deaf ears. To the extent that investors could care less about the extraordinarily weak fundamentals for companies like Tesla Inc. (TSLA:NASDAQ), where free cash flow is nonexistent, one has to ask at what point do prices start to reflect anything fundamental?

Like the rest of you, I see the tweets out there, where portfolio managers and newsletter writers keep asking why the miners are acting so poorly, given the profits they are generating, and the only answer I can muster up is this: We better pray that the action in the miners is not a barometer of future metals prices. We better pray that the historical “lead indicator” status of gold and silver mining share prices is a “fake-out” brought about by temporary pandemic-related aberrations in price behaviors. For now, I am going to lay blame at the foot of the U.S. dollar “crowded trade” altar, and when the current bounce exhausts itself, I will reassess. If the bear market in the USD resumes and our metals fail to rally, I will be forced to reduce exposure across the board.

In the interim, rabbit’s feet, four-leaf clovers, salt-over-the-shoulder, and Midnight Masses are in order, stacking Lady Luck and the other relevant deities on our side. And add Jack Daniels as a back-up.

Follow Michael Ballanger on Twitter @MiningJunkie.

Originally trained during the inflationary 1970s, Michael Ballanger is a graduate of Saint Louis University where he earned a Bachelor of Science in finance and a Bachelor of Art in marketing before completing post-graduate work at the Wharton School of Finance. With more than 30 years of experience as a junior mining and exploration specialist, as well as a solid background in corporate finance, Ballanger’s adherence to the concept of “Hard Assets” allows him to focus the practice on selecting opportunities in the global resource sector with emphasis on the precious metals exploration and development sector. Ballanger takes great pleasure in visiting mineral properties around the globe in the never-ending hunt for early-stage opportunities.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Michael J. Ballanger: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. My company has a financial relationship with the following companies referred to in this article: None. I determined which companies would be included in this article based on my research and understanding of the sector. Additional disclosures are below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. Please click here for more information.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This 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 interview or the decision to write an article until three business days after the publication of the interview or 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 Tesla, a company mentioned in this article.

Michael Ballanger Disclaimer: This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

Source: Michael Ballanger for Streetwise Reports   01/18/2021

Sector expert Michael Ballanger explores how fluctuations in the value of the U.S. dollar and the gold and silver markets have played out over the last week.

It was several months ago, in the midst of heated and widely accepted civil disobedience, looting and civic trespassing by members of Antifa and the Black Lives Matter movement, that I opined that the "demonstrations" (as opposed to "armed insurrections") in cities like Portland and Seattle were not symptomatic of left-vs.-right, white-vs.-non-white, or liberal-vs.-conservative divides cleaving American society with butcher-like finality. I said then, and I say again now, that these blatant examples of unlawful social unrest were (and are) the direct result of the fiscal and monetary policies of the banco-politico cartel and their precision-like and very purposeful implementations. The result is a bifurcated economic divide between those that "have" and those that "have not."

As the brilliant humourist George Carlin once said "It's one big club and guess what? You ain't in it."

In just a few days, the most powerful nation on earth installs a new commander-in-chief, amidst a battle-zone Washington backdrop with the National Guard and the military displaying a presence never before seen at a presidential inauguration. In fact, one of those lame media sources was complaining that it was a "sad state" when celebrants are vastly outnumbered by armed security, lest that dastardly throng of "deplorables" attempt another assault.

As a former resident of the U.S., I see a nation that now has three two-level chess games being played out, with one contest between the polarized masses (Antifa, BLM anti-Trump, pro-Trump), and the second—and much more important—contest being between those fortunate members of "the club" (the "haves") and those destined for eternal exclusion from "the club" (the "have-nots"). Make no mistake, the far more insidious contest is the latter, because integral to the maintenance of the status quo in America is the surgical division of the "have-nots" while creating a "divide-and-conquer" narrative, pitting one side versus the other.

The mainstream media (particularly CNN) cannot go ten minutes without pounding the drum for a second Trump impeachment and conviction, an event that would prevent the disgraced leader from ever again seeking Federal office and which would eliminate his pension and his security staff. The sad reality is that the media cannot see the forest for the trees, and by way of the Trump obsession and hatred, they play right into the hands and pocketbooks of the banco-politico cartel, mesmerized by symptoms yet ignorant of causes. When they allowed the corporate elites to gut America's middle class by exporting the manufacturing sector to China and Mexico, they were inviting an equal and opposite reaction. All in the name of "globalization," and now it has returned home to bite them squarely in the backside.

It was one year ago today that I posted a picture of the CNN Fear-Greed index sporting a near-historic 97 reading for "Extreme Greed." The number is somewhat subdued today at 60 ("Greed" without the "Extreme"), and I find that astonishing given the deflationary headwinds that now prevail. In fact, I find myself in the same quandary today that I was in last January, where monetary policy was decidedly bullish for precious metals but where the technical action for the shares was tentative at best. I opted to stay way from the big miner exchange-traded funds (GDX and GDXJ), ultimately re-entering on March 16 (GDX sub-$20), in what was my best call for 2020.

But here in January 2021, there are two conditions combining to create a formidable headwind—the long overdue rebound in the US Dollar (USD) Index and the overvaluation in the broad stock markets.

Now, there are those precious metals gurus out there that have been calling for $5,000 gold and $400 silver since 2002, with dozens upon dozens of junior mining recommendations now in the graveyard of broken dreams and failed expectations. I do not aspire to join that group, which is why I keep the number of companies I cover down to less than half a dozen, because close attention to the few yields far superior performance than peripheral attention to the many.

My bullish case for the commodities sector as a group, and precious metals as the centerpiece, lies in my use of history as a roadmap for asset and sector allocation. The main argument for inflation being proffered by the analytical community for 2021 and beyond is central bank policy initiatives coupled with fiscal stimulus. Massive increases in the supply of currency units the world, over chasing finite supplies of goods and services, can only result in a reaction in the cost or price of those goods and services. That is Econ 101, right from the textbook.

However, from a demand-supply standpoint (assuming finite money supply growth), there are two different types of inflation. Demand-pull inflation (like 2002–2011) saw voracious Chinese demand for commodities like iron ore and copper pull prices higher. Cost-push inflation (like the 1970s) is where restricted supply creates shortages (oil), resulting in higher input costs that, in turn, are reflected in inflated end-user or consumer prices.

While the pandemic has seemingly caused a deflationary decline in demand, the offsetting fiscal and monetary stimulus handed out by the central banks and their government puppets has largely wound up in elevated stock and real estate prices, the latter being the ultimate collateral for the member banks. However, once the stimulus effects dissipate, demand must naturally soften, so demand-pull inflation is unlikely.

On the other hand, the globe is now running a very real risk of a disruption in the supply chain for all commodities, including iron ore and particularly copper, where LME inventories are plummeting to fie-year lows.

The result is that, assuming the vaccine is effective (and that is an enormous "if"), the normalization of global demand is going to be challenged by the supply problem. Even if it takes longer for the global economy to recover, the supply disruption is going to create dislocations around the globe, resulting in ultimately higher prices everywhere. That brings us to the short-term outlook for the precious metals and the commodities sector.

The short-term pricing structure is being dominated by the USD Index, where the recent COT report shows a lopsided long position held by managed money versus an equally lopsided position held by the commercial traders. On Friday, the US dollar had a sharp rebound and the result was a $24 drop in gold, a $0.97 drop in silver, a $0.063 drop in copper, and a $1.42/barrel drop in crude oil. I see the potential for a move to 93-94 for the USD Index, which would invite even more algo-driven computer bombings in the commodities pits for at least the next two weeks. While the inauguration week might see the return of the US dollar rout, rebounds usually take longer.

As for the gold and silver arena, I have spoken about the Commercial Trader short position being in the historically hostile 300,000-plus rage for what appears to be an eternity, and I commented last week after that Friday's US$78 crash that the COT would undoubtedly see Commercial short-covering "of substance," along with a purge in the massive long position held by Large Speculators (350,000 contracts). Well, one look at this week's COT and now you know. There is just too much money on the table.

Given the rout we just went through this past Friday, in everything, expect the Commercials to have covered even more, which is bullish looking out a few months. But it can take weeks of Spec long liquidation and bullion bank short covering before a tradable bottom appears. Is this what I expected once 2020 tax-loss selling ended? The answer is "yes," as to the move in the HUI from under 300 to over 325, but "no" as to the mid-January crash to 284.

The gold chart looks less than friendly, with major support now at US$1,775/ounce and that big oppressive downtrend line sitting at US$1,950. If the USD rally persists next week, we could see a test of support in a hurry.

Silver was in better technical shape than gold, but now that the 100 daily moving average (dma), at US$25.14, has been breached, there is a little support at $24, but much larger support at $22.50. Again, it appears to be all USD-related.

We remain in a period of strong seasonality for precious metals and the miners, and as there is no argument about the strength of the fundamental case for gold producers given the extraordinary vault in free cash flow, that argument is largely falling on deaf ears. To the extent that investors could care less about the extraordinarily weak fundamentals for companies like Tesla Inc. (TSLA:NASDAQ), where free cash flow is nonexistent, one has to ask at what point do prices start to reflect anything fundamental?

Like the rest of you, I see the tweets out there, where portfolio managers and newsletter writers keep asking why the miners are acting so poorly, given the profits they are generating, and the only answer I can muster up is this: We better pray that the action in the miners is not a barometer of future metals prices. We better pray that the historical "lead indicator" status of gold and silver mining share prices is a "fake-out" brought about by temporary pandemic-related aberrations in price behaviors. For now, I am going to lay blame at the foot of the U.S. dollar "crowded trade" altar, and when the current bounce exhausts itself, I will reassess. If the bear market in the USD resumes and our metals fail to rally, I will be forced to reduce exposure across the board.

In the interim, rabbit's feet, four-leaf clovers, salt-over-the-shoulder, and Midnight Masses are in order, stacking Lady Luck and the other relevant deities on our side. And add Jack Daniels as a back-up.

Follow Michael Ballanger on Twitter @MiningJunkie.

Originally trained during the inflationary 1970s, Michael Ballanger is a graduate of Saint Louis University where he earned a Bachelor of Science in finance and a Bachelor of Art in marketing before completing post-graduate work at the Wharton School of Finance. With more than 30 years of experience as a junior mining and exploration specialist, as well as a solid background in corporate finance, Ballanger's adherence to the concept of "Hard Assets" allows him to focus the practice on selecting opportunities in the global resource sector with emphasis on the precious metals exploration and development sector. Ballanger takes great pleasure in visiting mineral properties around the globe in the never-ending hunt for early-stage opportunities.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Michael J. Ballanger: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. My company has a financial relationship with the following companies referred to in this article: None. I determined which companies would be included in this article based on my research and understanding of the sector. Additional disclosures are below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. Please click here for more information.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This 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 interview or the decision to write an article until three business days after the publication of the interview or 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 Tesla, a company mentioned in this article.

Michael Ballanger Disclaimer: This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

Lithium Americas’ Shares Charge 18% Higher after Firm Receives ROD for Nevada Lithium Project

Source: Streetwise Reports   01/18/2021

Shares of Lithium Americas Corp. established a new 52-week high after the firm reported it received a Record of Decision from the U.S. Bureau of Land Management for its Thacker…

Source: Streetwise Reports   01/18/2021

Shares of Lithium Americas Corp. established a new 52-week high after the firm reported it received a Record of Decision from the U.S. Bureau of Land Management for its Thacker Pass Lithium Project.

Resource development company Lithium Americas Corp. (LAC:TSX; LAC:NYSE) announced that "the United States Bureau of Land Management (BLM) has issued the Record of Decision (ROD) for the Thacker Pass lithium project following completion of the National Environmental Policy Act (NEPA) process."

The firm stated that the Thacker Pass Project is located in Humboldt County, Nevada, and is owned 100% by Lithium Nevada Corp., a wholly owned U.S. incorporated subsidiary of Lithium Americas. The Thacker Pass Project is a prefeasibility stage open-pit lithium project situated near the southern end of the McDermitt Caldera Margin and is located about 100 km northwest of Winnemucca, Nev. The firm noted on its website that in 2018, a prefeasibility study (PFS) for a two phase project was released that outlined production capacity designed to reach 60,000 tpa of battery-grade lithium carbonate (Li2CO3), mineral reserves of 3.1 million tonnes of lithium carbonate equivalent (LCE) at 3,283 ppm Li and a 46 year mine life.

Lithium Americas Corp.' President and CEO Jon Evans remarked, "The issuance of the ROD is the culmination of over 10 years of hard work from the Thacker Pass team, as well as the BLM and other federal, state and local agencies, all of whom worked tirelessly to ensure their respective commitments to environmental stewardship and community engagement...With the federal permitting process complete, our focus is on advancing the financing process including discussions with potential strategic partners."

The company stated that it believes that receiving the ROD represents a very significant milestone in the Thacker Pass Project's permitting process and ongoing development efforts. The firm mentioned that later this year it expects to obtain the results for key state permits and water rights transfers applications which it stated it has already filed.

Lithium Americas Corp. is a lithium-focused development-stage resource company headquartered in Vancouver, Canada. The firm is presently developing two large lithium projects, the Cauchari-Olaroz project situated in the Jujuy province of Argentina and the Thacker Pass lithium project in northwestern Nevada.

Lithium Americas Corp. has a market capitalization of around CA$2.75 billion with approximately 105.4 million shares outstanding. LAC.TO shares opened 7.5% higher today at CA$28.06 (+CA$1.95, +7.47%) over Friday's CA$26.11 closing price and reached a new 52-week high this morning of CA$31.81. The stock has traded today between CA$28.06 and CA$31.81 per share and is currently trading at CA$30.81 (+CA$4.70, +18.00%).

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his 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: None. 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 Lithium Americas, a company mentioned in this article.

( Companies Mentioned: LAC:TSX; LAC:NYSE, )