Callinex Mines is a Canadian based exploration company focused on discovery and development of base and precious metals rich VMS deposits in close proximity to infrastructure in Canadian mining jurisdictions. 

Callinex Mines is advancing its portfolio of copper, zinc, gold and silver rich deposits located in the Flin Flon, Bathurst and Buchans mining districts, where nearby operations are actively mining for copper, zinc, gold and silver.

The portfolio is highlighted by its Pine Bay Project in the Flin Flon Mining District, which hosts the high-grade copper, gold, silver and zinc Rainbow Deposit that is being rapidly expanded. The Rainbow Deposit is located within a mineral lease, less than 250m from a high-voltage hydroelectric power-line and 550m from a historic shaft with direct road access to processing facilities in Flin Flon, Manitoba.

Additionally, the Company is advancing two near surface silver discoveries in close proximity to its Nash Creek deposit in the Bathurst Mining District of New Brunswick. 

Recent drilling has produced some exceptional high grade Copper results and since the company raised capital and we last spoke to them in March, they have been consistently drilling with 2 drill rigs to delineate their deposits. They have announced results on 12,000m of the planned 30,000m drill programme which is where the raised capital will be deployed to further delineate the package to show the scale.

Callinex plans to keep drilling through 2021 and looking forward they will expand targeting at Rainbow and they are excited to see results come back for the silver drilling at New Brunswick. 

Rio2 has the largest undeveloped Gold oxide heap leach project in the Americas located in Chile. Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as a successful capital markets track record.  Rio2 is focused on taking its Fenix Gold Project in Chile to production in the shortest possible time frame based on a staged development strategy.

The Fenix Gold project was discovered in 2010 by Atacama Pacific which was acquired by Rio2 in 2018 and the project is destined to be in production as a gold mine in the next 18 months. 

In addition to the Fenix Gold Project in development in Chile, Rio2 continues to pursue strategic acquisitions where it can deploy its operational excellence and responsible mining practices to build a multi-asset, multi-jurisdiction, precious metals company.

Rio2 is now newly financed to prepare the construction phase at the Fenix Gold project. The company recently announced that it has arranged mine construction financing totaling approximately US$125 to US$135 million to finance the construction of the mine at the Fenix Gold Project.

Securing the mine financing package is a significant milestone event for Rio2 and a testament to their management team and the strong, long-life, project fundamentals of the Fenix Gold Project.

The mine financing package will allow Rio2 to commence pre-construction activities at the Fenix Gold Project prior to receiving Environmental Impact Assessment (“EIA”) approval and permits for its planned 20,000 tonnes per day, run of mine, dump leach operations. Since the outset, the primary focus of Rio2 has been to accelerate the Fenix Gold Project to production and the mine financing package will allow the company to maintain its current schedule for first gold production in Q4, 2022.

Learn more: https://cruxinvestor.com

Salazar Resources is a Vancouver exchange quoted exploration and development company based in Ecuador with a market cap of around C$50M. Salazar has a 25% interest in an advanced stage VMS deposit in its feasibility stage about to go into permitting stage. In addition, Salazar has a 100% owned portfolio of exciting exploration assets within which they hope to find the next major Copper-Gold project in Ecuador.

There have recently been elections in Ecuador which caused tension in the run-up but the final outcome has resulted in a pro-mining environment for Salazar Resources.

Salazar is in partnership with Adventus mining and has published some great in-fill results over the course of the year. They are confident that they will get the permit required to build an open-pit mine in Ecuador which is a major milestone for the company. The government is keen to encourage foreign investment and is pro-mining which are key signals that permitting will happen in due course.

Salazar Resources has an experienced team with a proven track record and an unrivalled understanding of the geology in-country, having played an integral role in the discovery of most of the major projects in Ecuador, including the two newest operating gold and copper mines. 

Salazar Resources is in a strong position with a steady income and a significant carried work program with further upside potential from the wholly-owned portfolio and the Company’s proven ability to find new projects and advance discoveries in Ecuador.

2021 is all about finding one major project for the company and Ecuador is the place to find the next big Copper-Gold project. The government is now behind these discoveries which have fantastic geology and the market is demanding these discoveries are developed going forward.

Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience discovering, financing and building large hydrothermal silver projects in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico and has been owned by the company since 2013.  Principled environmental, social and governance practices are core priorities at Silver Tiger.

The El Tigre historic mine district is located in Sonora, Mexico and lies at the northern end of the Sierra Madre silver and gold belt which hosts many epithermal silver and gold deposits, including Dolores, Santa Elena and Las Chispas at the northern end. Silver Tiger has delivered its maiden 43-101 compliant resource estimate and is currently drilling to update its resource estimate and publish a PEA.

Silver Tiger Metals has raised $23M since we last spoke in February and they have been drilling non-stop ever since, producing some great high grade silver results. The company is aiming to complete at least 75,000m of drilling between now and Christmas with 4 drills turning at the moment and a 5th drill on it’s way.

Silver Tiger Metals is planning a resource update in the New Year and a PEA next year aiming to start production as soon as possible. There have been new discoveries made this year and there will be a lot of assay results coming out shortly.

Silver X combines existing production at the Nueva Recuperada silver district and exceptional growth at both Nueva Recuperada and Coriorcco gold project in the prolific mining jurisdiction of Peru. The Company offers diverse commodity exposure, including silver, gold, lead and zinc opportunities for further growth through regional consolidation.

Banyan Gold is focused on advancing two Yukon gold properties, the Hyland Gold Project and the Aurex-McQuesten Gold Project. 

The 100% owned Hyland Gold Project is located in the Watson Lake Mining District in southeast Yukon, approximately 74 kilometres northeast from the town of Watson Lake within the traditional territory of the Liard First Nation, part of the Kaska Nations. The Project consists of 927 active Yukon registered quartz mineral claims totalling over 18,620 hectares in an area that is currently accessible by vehicles on a winter road from Watson Lake.

The AurMac Gold Project (formerly the Aurex-McQuesten Gold Project) is located in the Mayo Mining district, approximately 56 kilometres northeast from the village of Mayo and 356 kilometres north of Whitehorse, within the traditional territory of the First Nation of Na-Cho Nyak Dun (NND). The Aurex claim block was acquired from Victoria Gold Corp. and the McQuesten claim block Project was acquired from Alexco Resource Corp with Banyan having the right to earn up to a 100% interest subject to royalties. 

Banyan is rapidly advancing their AurMac project and they have 2 drills turning currently. They have gone from an initial resource announced last June of 900,000oz and have drilled almost 30,000m since then and continue to drill and expand the project further.

Banyan Gold has recently announced a $16M non-broker private placement agreement to get them through a significant resource update and then a PEA. This money will get them through the considerable exploration programme planned for 2022 and well into 2023.

Banyan Gold will allocate $13.5M to exploration drilling towards a resource update planned for Q1, 2022 and then move on to the PEAs. The majority of the money will go to AurMac with a little spent on Hyland. The resource targets will increase once results return from Powerline and they are targeting over 2Moz which they consider to be a critical threshold for a Yukon project to be standalone.

Energy Fuels is emerging as the largest critical mineral producer in all of North America, and perhaps even the world. Their prime focus has been on Uranium and then the rare earths production and processing and also vanadium production plus some recycling. Energy Fuels is a very exciting opportunity for investors and they are moving quickly on all things related to critical minerals. 

The market is desperate for the Uranium price to start responding but it is currently stuck at $32-33/lb. The price still needs to increase substantially, to probably more than $50/lb to really start the delivery of newly produced Uranium at any kind of margin.

Once the Uranium price does start to move, equity will start to move with it again. With increased focus on reducing carbon emissions, the Uranium price is sure to react in the near future.

Energy Fuels has recently completed a deal with ICU whereby the companies have agreed to enter into toll-milling and operating agreements which positions ICU  as a potential near-term US Uranium producer subject to an improvement in uranium market conditions and/or ICU entering into acceptable uranium supply agreements. Energy Fuels is the largest shareholder in this agreement and will provide advice to ICU on these projects which have a proven production history. Energy Fuels doesn’t have time to focus on these projects which is why they instigated the deal.

Energy Fuels are first and foremost a Uranium company with the later addition now of rare earths. They have a contract with Neo Performance Materials and have started to export the rare earth carbonate to Estonia. The future aim would be to bring rare earth processing capabilities into the US rather than to rely on exporting to other countries for the processing.

Victoria Gold Corp's Eagle Gold Mine poured its first gold in Q3, 2019 and achieved commercial production on July 1, 2020. In full production, the mine will produce 210,000 ounces of Au per year. The Reserve is 3.3 million ounces of gold and the mine life is +11 years. The deposit is open at depth and along strike. Exploration potential of the greater Dublin Gulch property is good and includes priority targets Olive-Shamrock, Bluto and Nugget-Raven.

Sunrise Energy Metals Limited is involved in metals recovery and industrial water treatment through their proprietary Clean-iX® continuous ion exchange technology.

Sunrise Energy Metals is an ASX listed company with a long history in mining and mining technology, particularly in hydro-metallurgy. Sunrise has built a number of hydro-metallurgy plants for companies all over the world but in the last 10 years they have decided to focus their efforts on applying their technologies to mineral development. 

The company has built a world class team with a mining background and their key asset is the Sunrise battery materials project in Australia. It is Australia’s largest integrated battery materials project focused on battery grade Nickel and Cobalt and also Scandium.

The Sunrise Project is one of the largest and most cobalt-rich nickel laterite deposits in the world and is development-ready, with all key permits and approvals in place.  The Sunrise Project is also one of the largest and highest grade scandium deposits globally.

The Sunrise Project’s unique mineral resource, when combined with the company’s proprietary ion-exchange extraction and purification processing technology, has the potential to meet a significant portion of global demand for the raw materials needed to help expand the lithium-ion battery industry, as well as providing scandium for production of the next generation of lightweight aluminium alloys for key transportation markets.

A Project Execution Plan was completed in September 2020, which highlighted the Project’s global importance as a sustainable, long-life, low-cost source of high purity cobalt and nickel sulphates for the battery revolution.

Sunrise hopes to be able to talk to the market on financing this year and construction will follow on quickly once finance is in place. The long term mission for the company is to sustainably deliver high quality battery materials to a decarbonising planet and their project has a 50 year mine life with a lot of optionality going forward.

GSilver is a mining development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is focused on the refurbishment and swift re-commencement of production from its El Cubo mine and mill and its nearby El Pinguico project, as well as the delineation of additional silver and gold resources through underground and surface drilling. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history.