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Posts tagged ‘jade’

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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Vancouver Commodity Forum adds speakers: Gerald McCarvill, Jon Hykawy and Joe Martin

May 30th, 2016

by Greg Klein | May 30, 2016

Three more names bring additional expertise and insight to the June 14 Vancouver Commodity Forum. Prince Arthur Capital chairperson/CEO Gerald McCarvill, Stormcrow Capital president/director Jon Hykawy and Cambridge House International founder Joe Martin will address the conference at the Hyatt Regency Hotel. Already booked are Chris Berry of the Disruptive Discoveries Journal, John Kaiser of Kaiser Research Online and Stephan Bogner of Rockstone Research.

Vancouver Commodity Forum adds speakers Gerald McCarvill, Jon Hykawy and Joe Martin

The speaker lineup grows as the June 14 Vancouver event approaches.

McCarvill’s 30-year CV includes conducting mining and energy projects globally, as well as private equity and finance transactions. Among other career highlights, he helped establish Repadre Capital, now IAMGOLD TSX:IMG, and Desert Sun Mining, later acquired by Yamana Gold TSX:YRI. McCarvill also helped develop and finance Consolidated Thompson Iron Ore from a $2-million entry valuation to its $4.9-billion sale to Cliffs Natural Resources NYSE:CLF.

An expert in areas such as lithium, rare earths, fluorspar and tin, Hykawy combines a 14-year Bay Street background with an MBA in marketing, along with post-doctoral work as a physicist with Chalk River Nuclear Laboratories and the Sudbury Neutrino Observatory. His technical background also includes work on rechargeable batteries and fuel cells, as well as wind and solar energy.

Starting off in business journalism, Martin created BC Business magazine, then founded Cambridge House International to present some of the world’s largest mining/exploration conferences. He remains active in semi-retirement as a prominent advocate for investment regulatory reform.

The Vancouver Commodity Forum also features a range of companies pursuing lithium, uranium, rare earths, gold, nickel, copper, diamonds, jade, scandium, zeolite, magnesium and potash. Click here for free registration.

Interview: Chris Berry discusses the lithium boom.

June 14 Vancouver Commodity Forum showcases explorers and expert speakers

May 11th, 2016
June 14 Vancouver Commodity Forum showcases explorers and expert speakers

Mineral explorers and expert analysts will meet and mingle
with attendees at the June 14 Vancouver Commodity Forum.

If you have your ear to the ground and eyes on the street you might notice a more positive mood in the market lately, suggesting a retreating bear or even an approaching bull. Whether that comes to pass remains to be seen. But one opportunity to better assess the situation happens on June 14 at the Vancouver Commodity Forum.

Presented by Zimtu Capital TSXV:ZC, the one-day event features expert speakers as well as a range of companies pursuing lithium, uranium, rare earths, gold, nickel, copper, diamonds, jade, scandium, zeolite, magnesium and potash, among other commodities.

Insight and analysis will come from keynote speakers including Chris Berry of the Disruptive Discoveries Journal, John Kaiser of Kaiser Research Online, Stephan Bogner of Rockstone Research and others to be announced.

The Vancouver Commodity Forum takes place June 14 at the downtown Hyatt Regency Hotel. Watch for further details about presenters, registration and additional speakers.

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

Global Witness identifies Myanmar jadeite as a conflict mineral one month before a mine site landslide kills over 100 people

December 2nd, 2015

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Over 100 dead at Myanmar jade mining site

November 22nd, 2015

by Greg Klein | November 22, 2015

With more victims still unaccounted for, rescuers so far have pulled 104 bodies from a landslide in northern Myanmar, local media reported. The Global New Light of Myanmar stated a hill of soil extracted from a jade mine collapsed early November 22, burying around 70 huts housing small-scale miners and their families.

Over 100 dead at Myanmar jade mining site

Environmental degradation at the world’s
largest jade mining district takes a deadly toll.

The inhabitants were in the area to search mine waste for jade, the paper added. They had been warned of landslide risks around Hpakant in Kachin state, home to the world’s biggest jade mining operations.

Last month Myanmar’s jade industry came under fire from Global Witness for corruption, degrading the environment and funding violence. Because of the industry’s practices, “mountains have become valleys and valleys have become mountains,” one Hpakant source told Global Witness.

In June Radio Free Asia reported at least five landslides had occurred at jade mining sites in the first half of the year. At least 20 people died in a January landslide, Global Witness stated.

The group’s 12-month investigation found large jade operations were controlled by families and cronies of government and military figures, people connected to the former junta, drug lords and rebel militias fighting a conflict that’s killed thousands of people since 2011.

An upbeat story about jade in the same issue of the Global New Light of Myanmar said the industry contributes US$2 billion to $3 billion a year to the government. Global Witness stated the big mines made at least $12 billion last year, probably closer to $31 billion.

Earlier this month the country held its first free elections in 25 years, won by the opposition party of Aung San Suu Kyi, who spent 15 years under house arrest during military rule. But, according to a New York Times analysis, she might be forced to co-operate with former junta officers who still wield influence in the transitional government.

The Global New Light of Myanmar reported more fighting between the Tatmadaw (Myanmar Defence Services) and rebel Kachin Independence Army between November 15 and 19.

Read about the Global Witness investigation into Myanmar jade mining.

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.