Wednesday 7th December 2016

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Posts tagged ‘Electra Stone Ltd (ELT)’

Exploring opportunity

June 17th, 2016

A capacity crowd attends the first annual Vancouver Commodity Forum

by Greg Klein
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A capacity crowd attends the first annual Vancouver Commodity Forum

 

“There’s excitement in the air,” said Cambridge House International founder Joe Martin. That’s the mood he senses as junior explorers emerge from the downturn. And certainly optimism was evident on June 14 as more than 450 people converged on the Vancouver Commodity Forum for an afternoon of expert talks amid a showcase of two dozen companies. Keynote speakers included Martin, Chris Berry of the Disruptive Discoveries Journal, Jon Hykawy of Stormcrow Capital, John Kaiser of Kaiser Research Online and Stephan Bogner of Rockstone Research.

A capacity crowd attends the first annual Vancouver Commodity Forum

Lithium, not surprisingly, stood out as a commodity of interest. While cautioning against over-enthusiasm for the exploration rush, Berry and Hykawy each affirmed the need for juniors to find new sources of the metal. Cobalt and scandium featured prominently too, as did other commodities including what Kaiser called “the weird metals”—lesser known stuff that’s vital to our lives but threatened with security of supply.

Kaiser also noted he was addressing a crowd larger than his last PDAC audience, another indication that “we’ve turned the corner.”

Attendees also met and mingled with company reps. Potential investors learned about a wide gamut of projects aspiring to meet a growing demand for necessities, conveniences and luxuries.

Presented by Zimtu Capital TSXV:ZC, the forum’s success will make it an annual event, said company president Dave Hodge. Berry emceed the conference, holding the unenviable task of “making sure Dave stays well-behaved.”

Read interviews with keynote speakers:

Meet the companies

Most companies were core holdings of Zimtu, a prospect generator that connects explorers with properties and also shares management, technical and financing expertise. Zimtu offers investors participation in a range of commodities and companies, including some at the pre-IPO stage.

After sampling high-grade lithium on its Hidden Lake project in the Northwest Territories earlier this month, 92 Resources TSXV:NTY plans to return in mid-July for a program of mapping, exposing spodumene-bearing pegmatite dykes, and channel sampling. The company closed the final tranche of a private placement totalling $318,836 in April. Hidden Lake’s located near Highway 4, about 40 kilometres from Yellowknife and within the Yellowknife Pegmatite Belt.

With one of the Athabasca Basin’s largest and most prospective exploration portfolios, ALX Uranium TSXV:AL has a number of projects competing for flagship status. Among them is Hook-Carter, which covers extensions of three known conductive trends, one of them hosting the sensational discoveries of Fission Uranium TSX:FCU and NexGen Energy TSXV:NXE. ALX’s strategic partnership with Holystone Energy allows that company to invest up to $750,000 in ALX and retain the right to maintain its ownership level for three years. ALX closed a private placement first tranche of $255,000 last month, amid this year’s busy news flow from a number of the company’s active projects.

A capacity crowd attends the first annual Vancouver Commodity Forum

Arctic Star Exploration TSXV:ADD boasts one of northern Canada’s largest 100%-held diamond exploration portfolios. Among the properties are the drill-ready Stein project in Nunavut and others in the Lac de Gras region that’s the world’s third-largest diamond producer by value. North Arrow Minerals TSXV:NAR holds an option to earn up to 55% of Arctic Star’s Redemption property.

Aurvista Gold TSXV:AVA considers its Douay property one of Quebec’s largest and last undeveloped gold projects. The Abitibi property has resources totalling 238,400 ounces of gold indicated and 2.75 million ounces inferred. Now, with $1.1 million raised last month, the company hopes to increase those numbers through a summer program including 4,000 metres of drilling. Douay’s 2014 PEA used a 5% discount rate to forecast a post-tax NPV of $16.6 million and a post-tax IRR of 40%.

Looking for lithium in Nevada, Belmont Resources TSXV:BEA now has a geophysics crew en route to its Kibby Basin property, which the company believes could potentially host lithium-bearing brines in a similar geological setting to the Clayton Valley, about 65 kilometres south. Results from the gravity survey will help identify targets for direct push drilling and sampling.

A mineral perhaps overlooked in the effort to supply green technologies, zeolite has several environmental applications. Canadian Zeolite TSXV:CNZ holds two projects in southern British Columbia, Sun Group and Bromley Creek, the latter an active quarrying operation.

With a high-grade, near-surface rare earths deposit hosted in minerals that have proven processing, Commerce Resources TSXV:CCE takes its Ashram project in Quebec towards pre-feasibility. The relatively straightforward mineralogy contributes to steady progress in metallurgical studies. Commerce also holds southeastern B.C.’s Blue River tantalum-niobium deposit, which reached PEA in 2011 and a resource update in 2013.

Permitted for construction following a 2014 PEA, Copper North Mining’s (TSXV:COL) Carmacks copper-gold-silver project now undergoes revised PEA studies. The agenda calls for improved economics by creating a new leach and development plan for the south-central Yukon property. In central B.C. the company holds the Thor exploration property, 20 kilometres south of the historic Kemess mine.

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Electra Stone signs LOI to build and sell B.C. jade products in China

March 10th, 2016

by Greg Klein | March 10, 2016

Electra Stone TSXV:ELT moved closer to its goal of establishing a Chinese base for British Columbia nephrite jade products with a letter of intent announced March 10. The arrangement would have LYG Anlan Company Ltd, a Chinese jade and construction material manufacturer, design and build jade and other products for Electra. The output would be marketed through LYG’s network and new channels developed by Electra.

Electra Stone signs LOI to build and sell B.C. jade products in China

The agreement would also bring Kim Chen to Electra’s advisory board. Chen is a principal with J.L. Arts and Crafts, which makes over 150,000 products a year, mostly from B.C. jade. He started his first carving and manufacturing company in the 1960s and later mined B.C. jade and semi-precious carving stones under his own company, Kim Mining.

“We are privileged and excited to have Mr. Chen as part of the Electra Stone team,” said Tony Hu, VP of investor relations and marketing. “With over 50 years of knowledge and experience, Mr. Chen provides critical expertise and insight into the global jade and other semi-finished products market, an essential component of Electra’s successful development in China moving forward.”

Electra holds six jade prospects totalling 5,850 hectares in northern B.C. Four of them underwent an initial prospecting program last autumn that confirmed nephrite jade on two properties.

As part of its plan to develop a vertically integrated operation, the company has bought and shipped 36 tonnes of B.C. jade to China, making its first sale of 1.8 tonnes in November. In January Electra announced a contract to buy another 250 tonnes of jade.

In addition the company quarries chalky geyserite, also known as alumina silica, from its PEM100 operation on Vancouver Island and sells it to a cement manufacturer. Last year’s production and sales came to 65,540 tonnes, a 13% year-over-year increase. In February Electra announced a drill program to determine the potential for a new high-grade silica product.

In January the company closed a $501,060 private placement.

Read more about Electra Stone.

See infographics: The History of Jade, the Emperor’s Stone and The Rush for Jade in British Columbia.

Electra Stone to drill Vancouver Island industrial minerals project

February 16th, 2016

by Greg Klein | February 16, 2016

A British Columbia industrial minerals operation with a regional market will complete an expanded drill program in the coming weeks, Electra Stone TSXV:ELT announced February 16. The company plans 15 percussion drill holes ranging from 14 to 40 metres on its PEM100 quarry near Apple Bay on Vancouver Island. The operation produces chalky geyserite, also known as alumina silica, for cement manufacturing. With the new program, Electra intends to update the mine plan and explore the potential for producing a new high-grade silica product, the company stated.

Electra Stone to drill Vancouver Island industrial minerals project

An expanded drill program might find additional potential
for Electra Stone’s industrial minerals operation.

“Although high-grade silica is already mined in the quarry to blend with higher-grade alumina silica, Electra Stone has identified a potential market opportunity for a stand-alone high-grade silica product,” said president/CEO John Costigan. “This program may allow us to expand the annual output of the PEM100 quarry and increase the company’s revenue. Regional consumption of alumina silica and high-grade silica is estimated to be greater than 500,000 tonnes per annum. Management continues to improve operational efficiencies at the PEM100 quarry.”

Last year’s production and sales came to 65,540 tonnes of chalky geyserite, a 13% year-over-year increase.

On another front, Electra has been building a vertically integrated operation to supply Asian customers with nephrite jade from B.C. The company has so far bought and shipped 36 tonnes of B.C. jade to the People’s Republic of China. Electra reported its first sale of 1.8 tonnes in November. Last month the company announced a contract to buy another 250 tonnes of nephrite jade.

Nephrite jade is used for building and ornamental purposes, while jadeite is more commonly used for jewelry.

Electra also holds six jade prospects in northern B.C. totalling 5,850 hectares. Four of them underwent an initial prospecting program last autumn, confirming nephrite on two properties.

Last month the company closed a $501,000 private placement.

Read more about Electra Stone.

See infographics: The History of Jade, the Emperor’s Stone and The Rush for Jade in British Columbia.

Electra Stone president/CEO John Costigan plans a Hong Kong subsidiary to market jade from B.C. and jade products from China

December 15th, 2015

…Read more

Electra Stone now selling jade in China

November 19th, 2015

by Greg Klein | November 19, 2015

Electra Stone’s (TSXV:ELT) first jade sale marks an important milestone in building a vertically integrated business, the company announced November 19. Three customers in the People’s Republic of China bought a total of 1.8 tonnes of nephrite jade that was sourced in British Columbia and shipped to Shanghai in September.

Electra Stone now selling jade in China

“We are establishing a presence in Asia while providing an efficient, secure structure for the transport, storage and sale of nephrite jade from Canada into China,” said president/CEO John Costigan.

Earlier this month Electra announced plans to launch a subsidiary in Hong Kong to sell B.C. jade to the PRC. Longer-term plans involve selling finished jade products from China to the global market. That would have the company involved in every aspect of the trade, including exploration and extraction. Back in B.C., a summer field program confirmed jade on two of Electra’s six properties.

The company also quarries chalky geyserite, or aluminum silica, from its Vancouver Island operation for a cement manufacturer in Washington state.

Read more about Electra Stone.

See an infographic about Electra Stone.

Infographic: An overview of Electra Stone’s mine-to-market jade agenda

November 18th, 2015

Posted with permission of Visual Capitalist | November 18, 2015

The commodity offers visual as well as practical appeal, so why not have Visual Capitalist provide an overview of Electra Stone TSXV:ELT? Canada’s first publicly traded jade company, Electra plans to build a vertically integrated operation to link British Columbia nephrite jade with consumers in China.

Despite Chinese demand for the B.C. product, the trade faces logistical challenges and inefficiencies. Electra hopes to smooth the process from mine to market and bring B.C. jade directly to buyers in China. This infographic outlines the sector’s background and the opportunities that Electra’s pursuing.

An overview of Electra Stone’s mine-to-market jade endeavour

Posted with permission of Visual Capitalist.

See previous infographics:

Read more about Electra Stone here and here.

Electra Stone to launch marketing subsidiary in Hong Kong

November 4th, 2015

by Greg Klein | November 4, 2015

As part of its goal to connect Chinese buyers with British Columbia jade, Electra Stone TSXV:ELT plans to open a new subsidiary located in Hong Kong. Called Vancouver Jade Holdings (HK) Ltd, it will support sales, marketing and administration of B.C. nephrite jade to the People’s Republic of China, Electra announced November 4.

In our longer-term plans, Hong Kong will serve as our international trading platform for finished jade products from China to the international market.—John Costigan,
president/CEO of Electra Stone

“Hong Kong is the first part of our international expansion plans to deliver a fully integrated solution connecting the jade mining in B.C. with end buyers in Asia,” said Electra president/CEO John Costigan. “Vancouver Jade Holdings (HK) Ltd will serve as our international trading platform for the export of raw nephrite jade stones from British Columbia to China. In our longer-term plans, Hong Kong will serve as our international trading platform for finished jade products from China to the international market.”

Field work has so far confirmed jade on two of Electra’s six B.C. properties. In September the company bought and shipped an 18-tonne cargo of jade to Shanghai in order to establish trade connections. The company’s now preparing a second shipment.

Electra also sells chalky geyserite, or aluminum silica, from its Vancouver Island quarry to a cement manufacturer in Washington state.

Read more about Electra Stone.

See infographics about jade here and here.

Back on the autobahn

November 2nd, 2015

Twelve Zimtu Capital companies bring their exploration opportunities to Europe

by Greg Klein

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Overseas investors once again get to meet Canadian juniors in person, as prospect generator Zimtu Capital TSXV:ZC and 11 of its holdings visit four European cities from November 5 to 11. Now in the event’s fifth year, company reps will hold conferences in Munich, Geneva, Zurich and Frankfurt to largely institutional audiences, demonstrating the wide-ranging interest in exploration opportunities.

“Essentially it’s a commitment by Zimtu and all the participating companies to keep the European investor informed about what the companies are doing, to meet the management and form a relationship with the guys who are going to be making the decisions, effectively spending their money,” says Zimtu president Dave Hodge.

Twelve Zimtu Capital companies bring their exploration opportunities to Europe

The Zimtu bus arrives as crowds enter
Munich’s Edelmetallmesse in 2014.

“Many of the investors who are still interested in the sector had made great money in the past and experienced tremendous upside in some stocks. Certainly the Canadian junior market is very unique globally and provides that opportunity for the European investor to speculate on discovery.”

Describing himself as a “grizzled veteran of the Zimtu bus,” Chris Berry acts as MC, moderator and keynote speaker. The president of House Mountain Partners and co-editor of the Disruptive Discoveries Journal says, “I like to go back and get a sense of what institutional investors in those cities are thinking about, not just about commodity markets but central bank policies and the macro economy.”

His talk will briefly review the perspectives he offered last year then “challenge the audience” with four questions to consider in 2016. “It’s really more of a discussion than a lecture and I hope there’s a lot of pushback and debate. That gets people thinking and hopefully planning for better times next year.”

While the downturn’s all too obvious, several Zimtu holdings have made impressive strides over the last year. Some of the more remarkable stories include the creation of ALX Uranium TSXV:AL after Lakeland Resources and Alpha Exploration won overwhelming shareholder approval to combine their companies. The result is a distinguished team overseeing one of the Athabasca Basin’s largest and most prospective portfolios.

Competing for flagship status are a number of drill-ready projects including Kelic Lake, where a rig’s currently at work. Gibbon’s Creek has a ground gravity survey underway to follow up on last winter’s 2,550-metre program on a property hosting some of the Basin’s highest radon levels. The company’s Carter Lake and Hook Lake properties feature around 15 kilometres of untested corridors on strike with the Patterson Lake South, Arrow and Spitfire discoveries. Other drill-ready projects include Newnham Lake and Lazy Edward Bay, a 60% stake in the Carpenter Lake joint venture and an 80% share of the Gorilla JV.

Well financed for additional campaigns, the ALX team has been poring over property data to further establish priorities.

Twelve Zimtu Capital companies bring their exploration opportunities to Europe

Commerce Resources addresses last year’s Munich conference.

Focusing on a rare earths project with relatively simple mineralogy, Commerce Resources TSXV:CCE continues to make progress with drilling, metallurgy and community engagement as its Ashram deposit in northern Quebec moves towards pre-feasibility. Last month the company increased rare earth elements recovery from 71% to 76% at a high grade of 42% total rare earth oxides, while also simplifying the plant’s flowsheet. The most impressive concentrates so far have graded 48.9% TREO at 63% recovery and 45.7% TREO at 71% recovery.

Following high-grade, near surface assays from the winter/spring drill program, Commerce has a summer/fall campaign targeting around 32 holes for 3,000 metres. A new infrastructure model indicates cost-cutting potential. The company’s commitment to social responsibility won an award from l’Association de l’exploration minière du Québec.

In British Columbia, Commerce’s Blue River tantalum-niobium project achieved its preliminary economic assessment in 2011.

Recognizing that the great nickel deposits of Sudbury, Norilsk, Thompson and Raglan occur in clusters, Equitas Resources TSXV:EQT acquired the recently assembled Garland project in Labrador, 30 kilometres from Voisey’s Bay. Then, for the first time, Equitas subjected Garland to modern geophysics. Now a drill program under the supervision of Voisey’s veteran Everett Makela has 12 VTEM anomalies targeted.

With over $3.8 million raised since September, the company continues drilling while awaiting initial assays.

Inspired by China’s allure for the beauty and practical qualities of B.C. jade, Electra Stone TSXV:ELT intends to create a vertically integrated nephrite jade mining, trading and marketing platform. The company began by acquiring properties as well as expertise, and has so far confirmed jade at two of six projects before winter conditions ended exploration.

Eager to make contact with potential buyers, Electra bought and shipped an 18-tonne cargo of jade to Shanghai in September and is now preparing a second shipment. The company also produces chalky geyserite, or aluminum silica, from a Vancouver Island quarry. The product’s U.S. customer collaborated with Electra on a drill program last summer to study the project’s expansion potential.

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Electra Stone confirms nephrite jade on two B.C. properties

October 22nd, 2015

by Greg Klein | October 22, 2015

With its first jade prospecting program finished for the season, Electra Stone TSXV:ELT confirmed the presence of nephrite jade at two of its northern British Columbia projects on October 22. Four of the company’s six projects in a 5,850-hectare jade portfolio underwent exploration. Confirmation was made at Electra’s Greenrock Creek placer property, six kilometres from the Polar Jade operation, and at Electra’s Rustic property, eight kilometres from the Cassiar jade operation.

Electra Stone confirms nephrite jade on two B.C. properties

The initial prospecting program marks an early step towards
Electra’s goal of developing a vertically integrated operation
of jade mining, trading and marketing.

“The completion of this program is a positive first step towards Electra’s plans of developing a vertically integrated B.C. jade mining, trading and marketing platform,” said CEO John Costigan. “The information provided will help prepare us for the next exploration season. We will continue to build out our exploration assets and knowledge thereof, while we expand our trading with additional shipments of B.C. nephrite jade for sale to markets in China.”

The company’s first shipment left for Shanghai last month, with 18 tonnes bought from another B.C. operation to establish contacts with Chinese buyers. B.C. supplies about 75% of the world’s nephrite jade, most of which is bought in China.

Electra also produces chalky geyserite, or aluminum silica, from its Apple Bay quarry on Vancouver Island. Last summer Electra and a U.S. cement manufacturer began a co-operative drill program to consider expanding the operation.

Read more about Electra Stone.

See infographics: The History of Jade, the Emperor’s Stone and The Rush for Jade in British Columbia.

Infographic: The Rush for Jade in British Columbia

September 24th, 2015

Posted with permission of Visual Capitalist | September 24, 2015

Visual Capitalist returns to the subject of this alluring stone with a new infographic looking at the growing interest in British Columbian jade. As a major global supplier, B.C.’s becoming increasingly important to China, the world’s biggest market. That’s reflected, for example, in the province’s AAA-quality nephrite jade, whose sales nearly doubled in tonnage between 2004 and 2014. The price, well under $100 a kilo in 2004, is estimated to surpass $1,400 next year.

Inspired by the stone’s utility and beauty, China’s fascination with jade presents opportunities for B.C.

Infographic: The Rush for Jade in British Columbia

Posted with permission of Visual Capitalist.

See a previous infographic: The History of Jade, the Emperor’s Stone.

Read about Electra Stone here and here.