Lyle Trytten

Morning Everyone! Hope all is well with everyone this morning? If not feel free to reach out. I was looking through some Canadian Junior Miners stock performance on the TSX website early this morning, who have flat-lined and wondering why ? https://money.tmx.com I was caused to wonder why it is that a so called professional Global Stock Market, funded by so many different streams of various forms of income revenue, doing billions of dollars of global trading, have to look so scam and rink-dink like ? With pop-up adds need jump up constantly, up and down, up and down at users of their service? Why all popup adds have not yet been regulated off their service by their own so captured regulators? Why such statistically investor important website pages are allowed to run trash looking pop up advertisements ? Flashing constantly popping up and down, blocking information you need to constantly click on them to get them out of your way to minimize them, why ? For what ? Is it only not ever for the clear sake of their making some extra change, from someone. Does it say volumes about them ! Ya it does ! Volumes ! Without even considering it creates distraction and frustration to investors who need listed issued information daily. I can't legally do it, you can't legally do ? Will SEDAR be next ? SEDAR has enough to worry about fixing their own website but the TSX could always call The Toronto Dominion Bank well no they can't no, cause they have now been fined billions of dollars, for well you will have to google it to believe it! The TSX could always contact the Federal Canadian Government well sorry forgot also they can't cause our parliament its shut down too for well, you will have to google that too just to believe it. Adds on the website says a lot about what your getting there but again its about getting the money and is a heads up for all investors investing in Canada, is it not a tell for you ? It is for me ! Its just fine for some, depending on who they be. It smack of a double standard, no double standards in Canada its a democracy after all? Needs to be stopped ! They charge enough fees and are not short of money and have to supplement their millions of dollars, billions of dollars with stupid and dangerous rink-dink popup adds. Users are trying to get important data to make risk assessments on Junior mining companies in Canada for potential investors under important NI 43 101 regulations towards constructing required scientific and technical reports or are regulators just for some of us, it sure looks that way ? Can I poke the driller in the ribs while he's drilling, like he is some joke, are we their joke? Its their game, investors are just a game to them. If not there would be no rink-dink pop up adds on Canada's premier stock exchange website ? I visited the New York Exchange website https://lnkd.in/e_qme2ws Not one single pop up add did I find anywhere ! Kindest Always! Tom

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Interesting to see operating amperage at 100KA…. presume/hopeful that, in time, amperage will “creep” towards the 600KA level to deliver the productivity of existing high tech cells… We need an expansion of green smelting capacity in the West to become at least self sufficient given aluminium is now a “critical” metal ! The major challenge on that front is green power with the known issue of (un)reliable power supply from renewables… and long duration storage… The greening of the process is also a critical part of the jigsaw puzzle. Capital costs and operating cost benchmarks will surface at some point…

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Lithium: Is the Bottom In? ⚒️🔋Rob Weir, VP Corporate Development Lithium Royalty Corp (TSE: LIRC) ◾️Lithium: Signs the Market is Close to a Bottom ◾️Structural EV Demand  ◾️Will Lithium Remain a Key Component in Battery Chemistry? ◾️M&A: Rio Tinto & Arcadium Lithium ◾️Applying the Royalty Model to Lithium #lithium #batterymetals #mining #juniormining #criticalmetals

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Renegade Gold (TSX-V: RAGE) is on a transformative journey to become an exploration leader in the historic and gold-rich Red Lake District of Ontario, leveraging the significant gold output of over 30 million ounces since the 1920s. News release https://lnkd.in/g2s2_wb7  The recent strategic merger and reorganization with Trillium and Pacton positions Renegade with an unrivaled exploration portfolio in the Red Lake area. This portfolio not only showcases a broad spectrum of projects, from early-stage gold and critical minerals explorations to advanced projects flaunting significant mineralized zones, but also marks Renegade as the proprietor of the largest land holdings in the district.   At the helm is a team celebrated for their deep technical knowledge and corporate development prowess, steering the company towards a major work program aimed at expedited portfolio growth. The district’s century-long legacy of gold production, exceptional infrastructure, skilled workforce, and substantial mill capacity underscore Renegade’s advantageous position. Embracing modern exploration techniques, the company is set to explore new terrains that have previously been overlooked. With a market capitalization of ~$8.5 million and holding ~$4.8 million in tradable securities, Renegade's ambition is supported by solid financial footing with the recent $3.4 million dollar financing. The company's exploration strategy includes drilling programs that, while initially concentrating on the upper 300 meters, have been so promising to warrant deeper exploratory efforts in the next phases.  Renegade’s drilling contractor of choice is Corexplore Drilling Services (www.Corexplore.com), and they are using Clean-Tech Advanced Technology drilling systems to test the Newman Todd high-grade gold bearing system to depths of about 1,000 meters. Corexplore’s Canadian made Clean-Tech drills are the most environmentally responsible drill systems available in the industry.    Spanning over 1,260 km², the properties are strategically positioned over major regional gold-bearing structures, signaling potential that could not only enhance Renegade’s valuation but also attract merger interests from neighboring entities, especially if the forthcoming deeper drilling campaigns yield success.   The sum of Renegade Gold’s assets, from its vast land position and high-grade Newman Todd Deposit to the over 250 grassroots targets across the Red Lake District, may indeed prove to be greater than the whole, positioning it as a formidable player in Ontario's gold exploration scene. #gold #silver #copper #jobs #law #motivation #educate #educateyourself #geologist #geology #exploration Florian (aka Florzinho) Grummes Thomas Parilla Sary Schultz Jack Ambler Greg Shafransky

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Converging #responsiblemining standards is a good thing. Although ICMM Principles, Mining Association of Canada’s Toward Sustainable Mining, World Gold Council RGMP standards, The Copper Mark and so on are fairly similar, the fact that different standards are in play adds ambiguity for investors and other key stakeholders. The work of the UN Mining2030 Investor Commission is central toward driving convergence, a basic driver being that #mining won’t deliver the #criticalminerals that #netzero requires unless clear aligned responsible standards become the basis for a #justtransition focus. Success goes well beyond simply converging academic standards: 🏹 investors need to demand transparency and behavior change, given the value and risk implications that improve with responsible practices 🏹 capacity around responsible practices needs to increase across the industry - are there enough experts on community engagement, Indigenous engagement, environmental engagement and so on? How will capacity gaps be bridged? 🏹 culture- reporting only matters if the industry clearly and consistently values stakeholders - are we there? Is it up to investors to insist on this? What approaches do mining majors need to instill value for this in their organizations? 🏹 integration - standards need to encompass all required dimensions of responsibility. Artisanal mining is an important gap, slightly mentioned but not given due focus, despite tens of millions of artisanal miners who share land concessions and are often early exploration indicators. This gap needs to be bridged The Blended Capital Group and our partner/collaborator network are committed to reimagining outcomes in artisanal mining. The value proposition for #mininginvestment and #impactinvestment is clear - productivity supporting value, social gains ranging from #humanrights adherence through to reduced poverty, environmental gains from #biodiversity through to reforestation, economic gains centered on #sustainabledevelopment. Converged standards support our work, but true ground-level gains need to go well beyond reporting so that investors, mining companies, industry associations & broader stakeholders collaborate toward mutual value and success. Reach out, let’s discuss. Alliance for Responsible Mining (ARM) Levin Sources BanQu Inc. Napier Meridian Innovest Advisory Investing for Good CIC #asm #asgm #energytransition #sdgs #impact #responsibleinvestment https://lnkd.in/gRZyH9z2

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DOUBLEVIEW (DBG-TSX) 🇨🇦 (DBLVF) 🇺🇸 (1D4) 🇩🇪 DOUBLEVIEW CORP IS A MAJOR COPPER DISCOVERY IN CANADA ⚒️HIGHLITES INCLUDE⚒️ COPPER GOLD SILVER SCANDIUM RESOURCE CALCULATION PENDING A Junior Resource company’s place in the Mining food chain is to acquire projects, make discoveries and hopefully advance them to the point when a larger Mining company takes it over. Discoveries won’t be made if Juniors aren’t DRILLING ⚒️ Few Exploration Companies have the money or technical expertise to “go mining” : For many, the goal is to hit upon a deposit that’s good enough to attract a Major that will acquire the asset ⚒️ Juniors are extremely important to Major Mining companies because they are the firms finding the deposits that will become the next mines : In this way, Juniors help the Majors to replace the ore that they are constantly depleting in their operating Mines ⚒️ Where to Look ?????…………….BC🔥🔥 The Mining Industry is on the hunt for large Copper Deposits that have favorable grades and are in locations amenable to Mine developments ⚒️ Over 80% of the world’s Copper production comes from Large Scale open-pit Porphyry Copper Mines ⚒️ In Canada, British Columbia enjoys the Lions share of Porphyry Copper/Gold mineralization : These deposits contain the largest resources of Copper : and 50% of the Gold in the Province ⚒️🔥

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Canada’s 🇨🇦 #CriticalMinerals Strategy Annual Report for 2024. This is important for galvanizing the country’s focus toward delivering the strategic supply that huge #mining industry and reserves position us for. The report, which is from an in-Canada for-Canada perspective, includes interesting graphics, including future battery related demand. The bottom line is that the potential to increase value and development through a strategic critical minerals focus is clear. Two things that the strategy doesn’t get into: 1. Flexible business model designs that can target smaller projects and community-ownership schemes where appropriate - this is a largely unfulfilled opportunity area where strategic thinking could help 2. The international presence of our huge mining industry - given an in-Canada focus, this isn’t core scope of the document, but it is value for the industry - with projects across all parts of 🌍, Canadian mining companies share land with artisanal miners in countless places. Support and collaboration can flip conflict risk toward collaborative productivity - value for Canadian companies, increased dignity and productivity of work for artisanal miners, enhanced development and biodiversity protections in areas that neighbor projects, and strengthened reputation for Canada’s industry as a driver of development and collaboration. The opportunity is clear. The Blended Capital Group and our partners are committed to reimagining outcomes in artisanal mining. Enhanced dignity and productivity of work, combined with #sustainabledevelopment and #biodiversity protection, makes #asm formalization commercially compelling for #mininginvestment and #impactinvestment. Reach out, let’s discuss. #esg #responsiblemining #energytransition #sdgs #netzero

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In this interview, Joel Freudman, CEO of TRU Precious Metals Corp. (TSXV: TRU)(OTCQB:TRUIF)(FSE:706), discusses the company's recent $15 million deal with Eldorado Gold for their Golden Rose Project in Newfoundland. Freudman explains how the company attracted such a significant partner at an early stage, highlighting the project's strategic location and geological merit. He elaborates on the deal terms, which include cash payments and exploration funding over five years, potentially leading to Eldorado earning an 80% interest in the project. Freudman also touches on the growing interest in Newfoundland's mining sector, the company's long-term plans, and his positive outlook on the gold market. The interview emphasizes the significance of this deal as a major inflection point for TRU Precious Metals and its potential impact on the company's future growth. TRU Precious Metals Corp. (TSXV: TRU) (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project, originally optioned from TSX-listed Altius Minerals. Golden Rose is a regional-scale 264.25 km 2 land package, including 45 km of strike length along the deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly between Calibre Mining's Valentine Gold Project and AuMega Metals' Cape Ray Gold Project. In addition, TRU has an option with Quadro Resources Ltd. to acquire up to an aggregate 65% ownership interest in two claim packages covering 33.25 km 2 , including a 12 km strike length along the Shear Zone within Golden Rose. TRU is approximately 36%-owned by European strategic investor Ormonde Mining plc (AQSE:ORM). https://lnkd.in/gY26xfTX #trupreciousmetalscorp #tsxv #otcqb #truif #mining #goldenroseproject #GoldenRoseProject, #Mining, #GoldMining, #CopperMining, #Newfoundland, #ElDoradoGold, #MineralExploration, #MiningIndustry, #PreciousMetals, #Gold, #Copper, #Drilling, #Exploration, #MineralResources, #MiningPartnership, #MiningNews, #CanadaMining, #HighGradeGold, #HighGradeCopper #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

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🇨🇦 The Government of Canada has released an updated critical minerals list which now also includes: - high-purity iron - phosphorous - silicon metal Silicon metal is essential to the manufacture of chips and semiconductors, used in almost any and everything electronic. High-purity iron ore is essential to green steel and integral to decarbonization. Phosphorus combined with potash is essential for food security through the production of fertilizers. Phosphorus can also be used in Lithium Iron Phosphate (LFP) batteries, another strategic opportunity in the EV value chain for Canada. To be deemed a “critical mineral” in Canada, a mineral must meet both of the following criteria: ⛓️‍💥 the supply chain is threatened; and ⛏️   there is a reasonable chance of the mineral being produced by Canada   as well as one of the following criteria: 📈  essential to Canada’s economic or national security; or 🍃  required for the national transition to a sustainable low-carbon and digital economy; or 🌐 positions Canada as a sustainable and strategic partner within global supply chains. https://lnkd.in/ej7sZftd

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Andy Reynolds and I don't agree on everything, but he always puts a lot of thought into what he publishes. The post is not long, but in my view worth what I call a "slow read". There is a lot packed in that should prompt a reader to re-think their paradigms. I acknowledge I am a demonstrable gray-beard. The challenges Andy outlines are very real. Social acceptance, ecosystem disturbance, the sheer quantum of capital at risk make conventional mining difficult to ramp up. But I struggle with the concept of "small-scale" mining to solve the coming minerals boom. The identification of enough deposits of sufficient grade to make the initial investment in less efficient (per tonne ore) small-scale projects seems to me to relegate the concept to be an important and useful bit player, like phytomining or recovering remnant minerals from tailings. Good ideas, may be economic in some cases, but unlikely to deliver the tonnes of critical minerals needed over the next 30 years - meaning that large-scale mining remains necessary. Can we do it in North America? Unclear. What is clear is that out-sourcing our mineral supply to international jurisdictions comes with a wide range of risks and impacts that need to be acknowledged. Climate, social, ecosystem, geopolitical security, etc.

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🚨Check out 🇨🇦 Canada’s #CriticalMinerals Strategy Annual Report for 2024. A lot info to unpack including interesting charts. As industry we need to talk about what is working (or not) and find solutions! It’s up to all of us. 🚨The Strategy addresses five core objectives: 1/ Supporting economic growth, competitiveness and job creation 2/ Promoting climate action and environmental protection 3/ Advancing reconciliation with Indigenous Peoples 4/ Fostering diverse and inclusive workforces and communities 5/ Enhancing global security and partnerships with allies 🚨NRCan modelling Canada’s future EV battery needs: ➡️Since 2022, 4 manufacturers have announced plans to build EV battery factories in Canada: Stellantis-LGES (March 2022), Volkswagen-PowerCo (April 2023), Northvolt (September 2023) and Honda (April 2024). ➡️To supply 4 EV Battery plants 🇨🇦 needs 15 mines and 19 processing plants: (based on average-sized mine) - 4 lithium mines - 5 graphite mines - 6 nickel mines - 5 lithium hydroxide plants - 2 lithium carbonate plants - 5 coated spherical purified graphite plants - 7 nickel sulphate plants #canada #mining #processing #batteryrawmaterials

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I found this article by Danny Parysl eye-opening. Technology and Talent shortage are the most frequent topics of discussion within the mining industry, but we are not connecting the dots to realize that we need different profiles in Mining that unlock the full potential of the new tools in digitalisation and automation. Our recruitment strategies are not adapted to a digital world and a reality in constant transformation. #Recruitment #Technology #Mining #TalentPools

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Canadian Critical Minerals Strategy Annual Report 2024 is a great read. Canada is making excellent progress with key pieces of its Critical & Strategic Minerals plan. Four Gigafactories, close to 200 GWH of battery manufacturing annually getting under way (Honda, Stellantis-LGES, Volkswagen-PowerCo & Northvolt). According to the recently released report, the following supply is needed - including: 5 Graphite mines & 5 Coated Spherical purified graphite (CSPG) Plants. Exciting times for the graphite industry in Canada. Link to report below. https://lnkd.in/g7jzffQK

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“Of the top 40 copper projects around the world, 31 face significant social, environmental, regulatory or economic hurdles, according to an analysis by Flashpoint Capital, a merchant bank in Toronto. “Some of these issues are so severe that the viability of developing the projects is questionable,” says Flashpoint partner Colby Mintram. Those obstacles can drain miners’ enthusiasm for new projects. Goldman Sachs Group Inc. estimates the industry needs to spend $150 billion over the next decade to address a projected 8-million-ton annual supply shortfall. That would require prices to surpass $10,000 a ton, from the current level of around $9,500, Trafigura Group CEO Jeremy Weir told the conference in Santiago this week. CRU a metals research and consulting firm based in London, is less bullish about copper demand than many forecasters but still recognizes the supply-side constraints. Mines are getting smaller and more expensive to build, with more than one-third of future projects located in jurisdictions where investors face significant political and regulatory risks, such as Congo. “The stuff is in the ground,” says CRU’s head of base metals, Simon Morris. “It’s whether there’s really the will to do it.”” Prospector

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Gold price continues to hold strong, 𝙖𝙩 𝙖𝙡𝙡-𝙩𝙞𝙢𝙚 𝙝𝙞𝙜𝙝 𝙥𝙧𝙞𝙘𝙚 𝙡𝙚𝙫𝙚𝙡𝙨 𝙖𝙗𝙤𝙫𝙚 $𝟮,𝟳𝟬𝟬/𝙤𝙯. Let’s consider the headline in the Globe & Mail yesterday on the gold sector, in relation to the decades-long discovery lag in gold and copper both in Canada, and globally. Why is the Globe writing about M&A targeting juniors with strong gold assets? Because major mining companies with Tier I gold assets have strengthening balance sheets as the case for gold price remains strong. Why would majors need to acquire juniors with strong assets? Because, as we last illustrated, there is a discovery lag in gold and copper deposits some 30 years in the making, as major mining companies worldwide pulled back from greenfields exploration beginning in the 1990’s, the very “R&D” in our industry that provides the new chutes for development as mature operations approach their natural end-of-life. So let’s remind ourselves what Justin Daley, PGeo, President & CEO at VR Resources, is doing in northwestern Ontario, at 𝗘𝗺𝗽𝗶𝗿𝗲, where intrusion-hosted copper-gold mineralization makes us think about new gold discoveries and mines such as Cote, and at 𝗦𝗶𝗹𝘃𝗲𝗿𝗯𝗮𝗰𝗸, where gold in veins in an altered porphyry makes us think about the modeling of the role of porphyry systems at shear-zone hosted gold deposits like Hemlo. And then consider 𝘩𝘰𝘸 𝘨𝘳𝘦𝘦𝘯𝘧𝘪𝘦𝘭𝘥𝘴 𝘥𝘪𝘴𝘤𝘰𝘷𝘦𝘳𝘪𝘦𝘴 𝘪𝘯 𝘤𝘰𝘱𝘱𝘦𝘳 𝘢𝘯𝘥 𝘨𝘰𝘭𝘥 𝘤𝘰𝘶𝘭𝘥 𝘣𝘳𝘪𝘯𝘨 𝘝𝘙 𝘪𝘯𝘵𝘰 𝘵𝘩𝘦 𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬 𝘢𝘯𝘥 𝘱𝘳𝘦𝘮𝘪𝘴𝘦 𝘰𝘧 𝘵𝘩𝘪𝘴 𝘱𝘪𝘦𝘤𝘦 𝘵𝘰𝘥𝘢𝘺 𝘪𝘯 𝘵𝘩𝘦 𝘎𝘭𝘰𝘣𝘦. As the Green Economy emerges, our industry has some serious catch up to do in order to make up for a long-in-the-tooth discovery lag, and VR is active on the ground, looking for solutions.

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Xplore Resources XPLR.V: Investing in a Rebounding Lithium Sector The recent correction in lithium prices, coupled with Ontario and Quebec's proposals to add lithium processing plants, presents an opportunity for investors willing to take risks on explorers. Among these, XPLR.V stands out, as it is strategically positioned to benefit from the anticipated rebound in lithium prices with its flagship project, Surge, located in Ontario. Commencement of Drilling XPLR.V is set to begin drilling activities in June. This significant milestone marks the start of what could be a highly productive phase for the company, providing crucial data and potentially valuable results. Prospective Trend The Surge project boasts 10 km of highly prospective trend along the strike of the Root Bay Deposit, which holds an estimated 10.1 million tons at 1.29% Li2O. This extensive trend offers substantial exploration potential, adding to the project's overall attractiveness Near existing discoveries Recent drill results from Green Technology Metals have indicated strong mineralization just 25 meters from Xplore's claim border, with notable intervals of 23.3 meters at 1.16% Li2O and 11.7 meters at 1.12% Li2O. Financial Position Xplore Resources, which recently did a financing, maintains a tight share structure and a small market cap of ~ $5 million. Experienced Management The company is led by a seasoned and highly motivated management team with extensive experience in the mining and exploration sectors. Their expertise is necessary navigating the increasing complexities of the industry Growth Potential Situated in a top mining jurisdiction and on a richly mineralized trend, the Surge project could position Xplore Resources for significant growth. The favorable regulatory environment and access to skilled labor and infrastructure further enhance the project's prospects Strategic Positioning Xplore Resources represents a compelling value play given its current low stock price and land position. The upcoming drilling program and that it is close to a major expanding lithium deposit provide a strong foundation for future growth. Provincial Support for the Lithium Industry Ontario and Quebec are actively promoting the development of the lithium industry, recognizing its importance in the new economy. Both provinces are offering support to companies involved in lithium exploration, processing, and production. Investment in infrastructure, such as roads, power supply, and processing facilities, is being prioritized to support the development of the province's lithium projects Also, a favorable regulatory framework is being established to streamline the permitting process. Conclusion Investing in Xplore Resources could offer a well timed entry into the rebounding lithium exploration sector. The company's fundamentals, strategic positioning, provide a compelling case for potential investors. #lithium #venturecapital #geologists #geology #jobs #renewableenergy

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Golden Sky Minerals Corp., trading on the TSX Venture Exchange under the symbol AUEN.V, has announced significant findings from an induced-polarization (IP) geophysical survey at its Rayfield Copper-Gold Property in South-Central British Columbia in a news release issued and published today. This comprehensive survey covered approximately 15-line kilometres and revealed extensive geophysical anomalies indicative of copper and gold mineralization. The survey explored about 30% of a 3.0 km by 1.5 km copper-in-soil geochemical anomaly within the 35,000-hectare property, situated in the Quesnel Terrane, a key copper-producing region. The results demonstrated the presence of multiple chargeability and resistivity anomalies extending along a 1100 m strike-length and to depths of approximately 800 m below the surface. Notably, these anomalies correlate with historical drilling data that had identified mineralization similar to neighboring properties within the terrane. We have expressed our excitement about the potential scale and richness of the mineral system at Rayfield. The company plans to conduct systematic drilling to further investigate the identified targets, particularly those that have not been thoroughly tested by historical drilling. Overall, this news highlights Golden Sky's strategic approach to exploration and development, aiming to substantiate and expand the mineral resource base at Rayfield, thus adding significant value to its portfolio and benefiting its stakeholders. Readers should due their on Due Diligence, as I am a officer and Director of Golden Sky Minerals and own shares. Exploration company shares can be thinly traded and therefore wide spreads between the bid and ask can occur, in this current market https://lnkd.in/gzSMT5A4 #gold #silver #geologists #geology #copper #jobs #law #finance #educate #educateyourself #motivate #motivation #sustainability #silverware #copper #silverware #education #motivateyourself #innovation #humanresources #management #technology #creativity #markets #marketing #venturecapital #socialnetworking #leanstartups #branding #motivation #sustainability #productivity #sales #innovation #humanresources #exploration #technology #creativity #future Thomas Parilla Florian (aka Florzinho) Grummes Sary Schultz Greg Shafransky Pete Thomas Jack Ambler

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Great production here on Natural Diamonds. Interesting how you can tell natural diamonds apart from synthetics. Interesting too that natural diamonds were formed between 90 million and 3 billion years ago; compare that to synthetic "baked goods" made months ago.

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May is Mining Month. And remember folks, you can't get to mines without mineral exploration! Excellent analysis from Kendra Johnston, P.Geo, MBA from PearTree Canada She recently spoke in Washington, DC at the Energy Transition Metals Summit. Kendra is a fantastic ambassador for BC and for the mineral exploration industry. Thank you for all your work in past, present and future. Flow-through financing is essential for explorers, and AME - Association for Mineral Exploration is proud to partner with PearTree Canada as our exclusive flow-through partner. Kendra's work of ensuring this uniquely Canadian type of financing (with its attached tax benefit) continues to support explorers. Exploration spending in British Columbia is down by more than 45% since 2022, the biggest drop of any jurisdiction in Canada, PearTree Financial managing director Kendra Johnston said at the Energy Transition Metals Summit in Washington, D.C. in April. “We see quite a large decrease over the three years in British Columbia,” said Johnston, a former president and CEO of the Association for Mineral Exploration (AME) in the province. Spending in the province dropping to $543.6 million this year from $764.6 million last year and $996.8 million in 2022, she said at the event, organized by The Northern Miner and Precious Metals Summit Conferences. “There are a number of regulatory changes that are happening… there is some uncertainty related to the Mineral Tenure Act and the Mines Act and some of the activities related to how well we’re going to be able to explore in that province.” Since 2021, the proportion of flow-through to non-flow-through financing for mineral exploration reached its highest levels in the last three years, at 83% in 2021, 78% in 2022 and 83% again last year. “(And) of that 83%, 90% is charity flow through,” Johnston said, referring to the flow-through system where investors buy shares and then donate them to a Canadian charity. “That is a significant component of how projects are financed across the country. That works out to 74% of all financings are done by charity flow through.” “When we look at the 2023 compared to 2022 numbers, we saw a very small increase in exploration projects,” Johnston said. “But interestingly, a decrease in the number of companies that were exploring, and almost a 25% decrease in the amount of drilling that was going on.” https://lnkd.in/gkdGdgUp

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