Top Stories for Feb. 28, 2024:
1. Foremost Lithium Resource & Technology Ltd. submitted a proposal aiming to access a slice of the Canadian Government’s Critical Mineral Infrastructure Fund.
This endeavor seeks funding under Stream 1 to pave the way for constructing a 9.5-kilometer thoroughfare linking Jean Lake to the Zoro Property, facilitating reliable movement of lithium, gold, nickel, and timber.
2. U.S. Gold Corp.’s Strategy Maestro, Robert Schafer, expounded upon the advantages of the CK gold project in Wyoming.
He extolled its infrastructural advantage, nestled close to major highways and rail lines ensuring a smooth transit for materials destined for smelting.
Schafer then shone a light on the project’s dual-market exposure to copper and gold, delivering top-notch copper concentrate with a substantial gold component. Moreover, the low sulfide levels in the ore promise minimal environmental repercussions.
He also lauded the harmonious nexus between the project and the state government, expediting the permit approval process, and the project’s financial boost to the state’s Education Fund.
3. Analyst Seth Rosenfeld from Exane BNP Paribas minced no words when he demoted Cleveland-Cliffs from Neutral to Underperform, setting a price mark at $16.50.
4. McEwen Mining Inc. opened up about its recent exploration at the Stock Mine property in Northern Ontario, revealing a 31% spike in gold resources at Stock West and Stock Main. Additionally, promising grading structures were affirmed to extend to depth.
While past drilling at Stock East may have overlooked potential high-grade occurrences, recent assays from the infill drill program unveiled mineable widths and grades, hinting at a forthcoming revenue source.
