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Ora Gold Limited (ASX: OAU, “Ora” or the “Company”) is pleased to report assay results from infill RC drilling at the Crown Prince Project (M51/886) part of Ora’s broader Garden Gully tenure (Figure 1).

Highlights

  • Ora has received assays for a 7,500m, 66-hole infill RC drilling program at Crown Prince. This drilling was undertaken to better define mineralised lodes within the south eastern zone (SEZ) deposit to upgrade resource categories within a future conceptual open pit area.
  • This drilling has returned some exceptional grades and intercepts including:
    • 20m at 277g/t Au from 40m including 4m at 1,368g/t Au from 52m (OGGRC859)
    • 15m at 14.7g/t Au from 152m (OGGRC872)
    • 9m at 21.44g/t Au from 28m including 2m at 77.8g/t Au from 31m (OGGRC883)
    • 7m at 11.74g/t Au from 132m (OGGRC874)
    • 11m at 6.72g/t Au from 4m (OGGRC886)
    • 12m at 6.05g/t Au from 76m including 4m at 10.2g/t Au from 80m (OGGRC895)
    • 9m at 6.27g/ t Au from 66m including 1m at 18.6g/t Au from 66m (OGGRC888)
    • 7m at 6.87g/ t Au from 133m (OGGRC864)
  • New very high-grade zones have been encountered in the footwall of SEZ lodes which will likely improve grade and tonnage estimates in this area.
  • This infill drilling has generally confirmed gold mineralisation modelling and has upgraded the quality in many areas.

Ora is continuing to progress Crown Prince towards development, targeting production commencement mid calendar year 2025. Among the several workstreams underway, including regulatory approvals, the Company has completed infill drilling ahead of releasing an ore reserve.

The program was designed to target zones of mineralisation within a conceptual pit design at Crown Prince that are currently in the inferred category of mineral resource (refer ASX release 20 February 2024). This drilling successfully confirmed mineralised zones and improved gold grades in some key areas.

Other improvements from this infill drilling include delineation of new near surface high grade zones and parallel lodes in new positions in the footwall and hanging wall of the south eastern zone (SEZ) mineralisation.

These zones are within the conceptual open pit for the Crown Prince deposit and are expected to add to the mineral resource and future mining inventory. Importantly, the grades returned in this infill drilling support existing published grades and may provide a foundation for an uplift in the average grade overall for the resource.

Assay results discussed in this announcement are shown in Appendix 1 & Figures 2-5. RC hole details are included in Table 1.

Alex Passmore Ora Gold’s CEO commented:

“We are very pleased to report these exceptionally high-grade results returned from recent infill drilling. The infill drilling was carried out successfully and has confirmed or improved the mineralisation model we have for Crown Prince.

Such high-grade headline results demonstrate the high quality nature of the Crown Prince Project and point to its likely strong economics during development and production.

We look forward to providing further information on the updated resource estimate in coming weeks and then to follow up with an ore reserve as work progresses.”

Cross Section A-A’

Infill drilling at SEZ has confirmed new FW and HW lodes outside the current mineralisation wireframes, with outstanding high-grade intercepts Including: 20m @ 277.36g/t Au from 40m (incl: 4m @1368.11 g/t Au from 52m) in OGGRC859 and 35m @ 2.96 g/t Au from 173m In OGGRC873.

Extensions to the current mineralisation model along section A-A have been confirmed by intercepts in OGGRC862, 875 and 872 which include 7m @ 6.87 g/t Au from 133m in OGGRC864 and 15m @ 14.7 g/t Au from 152m (incl: 1m @ 177 Au from 153m).

New high-grade intercepts in OGGRC859, along with previous intercepts in OGGRC477 have highlighted additional mineralised zones close to surface in the footwall, which fall outside existing mineralisation wireframes.

OGGRC873 has strengthened the current interpretation that the high-grade shoots at the southwestern end remain wide and continuous at depth.

The SEZ host geology consists of a series of coarse-grained amphibole dolerites and minor high Mg basalts which grade into an intensely sheared unit proximal to mineralisation. Gold is associated with classic, extensional mesothermal style quartz lodes with characteristic Fe carbonate +/- fuchsite alteration, with high grade zones occurring with sulphide laminations and microstructures that crosscut the early-stage white buck veins.

Recent infill drilling has confirmed that the mineralisation system remains high grade down dip, highlighting potential for future underground mining.

Click here for the full ASX Release

This post appeared first on investingnews.com

Ora Gold Limited (ASX: OAU, “Ora” or the “Company”) is pleased to report assay results from infill RC drilling at the Crown Prince Project (M51/886) part of Ora’s broader Garden Gully tenure (Figure 1).

Highlights

  • Ora has received assays for a 7,500m, 66-hole infill RC drilling program at Crown Prince. This drilling was undertaken to better define mineralised lodes within the south eastern zone (SEZ) deposit to upgrade resource categories within a future conceptual open pit area.
  • This drilling has returned some exceptional grades and intercepts including:
    • 20m at 277g/t Au from 40m including 4m at 1,368g/t Au from 52m (OGGRC859)
    • 15m at 14.7g/t Au from 152m (OGGRC872)
    • 9m at 21.44g/t Au from 28m including 2m at 77.8g/t Au from 31m (OGGRC883)
    • 7m at 11.74g/t Au from 132m (OGGRC874)
    • 11m at 6.72g/t Au from 4m (OGGRC886)
    • 12m at 6.05g/t Au from 76m including 4m at 10.2g/t Au from 80m (OGGRC895)
    • 9m at 6.27g/ t Au from 66m including 1m at 18.6g/t Au from 66m (OGGRC888)
    • 7m at 6.87g/ t Au from 133m (OGGRC864)
  • New very high-grade zones have been encountered in the footwall of SEZ lodes which will likely improve grade and tonnage estimates in this area.
  • This infill drilling has generally confirmed gold mineralisation modelling and has upgraded the quality in many areas.

Ora is continuing to progress Crown Prince towards development, targeting production commencement mid calendar year 2025. Among the several workstreams underway, including regulatory approvals, the Company has completed infill drilling ahead of releasing an ore reserve.

The program was designed to target zones of mineralisation within a conceptual pit design at Crown Prince that are currently in the inferred category of mineral resource (refer ASX release 20 February 2024). This drilling successfully confirmed mineralised zones and improved gold grades in some key areas.

Other improvements from this infill drilling include delineation of new near surface high grade zones and parallel lodes in new positions in the footwall and hanging wall of the south eastern zone (SEZ) mineralisation.

These zones are within the conceptual open pit for the Crown Prince deposit and are expected to add to the mineral resource and future mining inventory. Importantly, the grades returned in this infill drilling support existing published grades and may provide a foundation for an uplift in the average grade overall for the resource.

Assay results discussed in this announcement are shown in Appendix 1 & Figures 2-5. RC hole details are included in Table 1.

Alex Passmore Ora Gold’s CEO commented:

“We are very pleased to report these exceptionally high-grade results returned from recent infill drilling. The infill drilling was carried out successfully and has confirmed or improved the mineralisation model we have for Crown Prince.

Such high-grade headline results demonstrate the high quality nature of the Crown Prince Project and point to its likely strong economics during development and production.

We look forward to providing further information on the updated resource estimate in coming weeks and then to follow up with an ore reserve as work progresses.”

Cross Section A-A’

Infill drilling at SEZ has confirmed new FW and HW lodes outside the current mineralisation wireframes, with outstanding high-grade intercepts Including: 20m @ 277.36g/t Au from 40m (incl: 4m @1368.11 g/t Au from 52m) in OGGRC859 and 35m @ 2.96 g/t Au from 173m In OGGRC873.

Extensions to the current mineralisation model along section A-A have been confirmed by intercepts in OGGRC862, 875 and 872 which include 7m @ 6.87 g/t Au from 133m in OGGRC864 and 15m @ 14.7 g/t Au from 152m (incl: 1m @ 177 Au from 153m).

New high-grade intercepts in OGGRC859, along with previous intercepts in OGGRC477 have highlighted additional mineralised zones close to surface in the footwall, which fall outside existing mineralisation wireframes.

OGGRC873 has strengthened the current interpretation that the high-grade shoots at the southwestern end remain wide and continuous at depth.

The SEZ host geology consists of a series of coarse-grained amphibole dolerites and minor high Mg basalts which grade into an intensely sheared unit proximal to mineralisation. Gold is associated with classic, extensional mesothermal style quartz lodes with characteristic Fe carbonate +/- fuchsite alteration, with high grade zones occurring with sulphide laminations and microstructures that crosscut the early-stage white buck veins.

Recent infill drilling has confirmed that the mineralisation system remains high grade down dip, highlighting potential for future underground mining.

Click here for the full ASX Release

This post appeared first on investingnews.com

Ora Gold Limited (ASX: OAU, “Ora” or the “Company”) is pleased to report assay results from infill RC drilling at the Crown Prince Project (M51/886) part of Ora’s broader Garden Gully tenure (Figure 1).

Highlights

  • Ora has received assays for a 7,500m, 66-hole infill RC drilling program at Crown Prince. This drilling was undertaken to better define mineralised lodes within the south eastern zone (SEZ) deposit to upgrade resource categories within a future conceptual open pit area.
  • This drilling has returned some exceptional grades and intercepts including:
    • 20m at 277g/t Au from 40m including 4m at 1,368g/t Au from 52m (OGGRC859)
    • 15m at 14.7g/t Au from 152m (OGGRC872)
    • 9m at 21.44g/t Au from 28m including 2m at 77.8g/t Au from 31m (OGGRC883)
    • 7m at 11.74g/t Au from 132m (OGGRC874)
    • 11m at 6.72g/t Au from 4m (OGGRC886)
    • 12m at 6.05g/t Au from 76m including 4m at 10.2g/t Au from 80m (OGGRC895)
    • 9m at 6.27g/ t Au from 66m including 1m at 18.6g/t Au from 66m (OGGRC888)
    • 7m at 6.87g/ t Au from 133m (OGGRC864)
  • New very high-grade zones have been encountered in the footwall of SEZ lodes which will likely improve grade and tonnage estimates in this area.
  • This infill drilling has generally confirmed gold mineralisation modelling and has upgraded the quality in many areas.

Ora is continuing to progress Crown Prince towards development, targeting production commencement mid calendar year 2025. Among the several workstreams underway, including regulatory approvals, the Company has completed infill drilling ahead of releasing an ore reserve.

The program was designed to target zones of mineralisation within a conceptual pit design at Crown Prince that are currently in the inferred category of mineral resource (refer ASX release 20 February 2024). This drilling successfully confirmed mineralised zones and improved gold grades in some key areas.

Other improvements from this infill drilling include delineation of new near surface high grade zones and parallel lodes in new positions in the footwall and hanging wall of the south eastern zone (SEZ) mineralisation.

These zones are within the conceptual open pit for the Crown Prince deposit and are expected to add to the mineral resource and future mining inventory. Importantly, the grades returned in this infill drilling support existing published grades and may provide a foundation for an uplift in the average grade overall for the resource.

Assay results discussed in this announcement are shown in Appendix 1 & Figures 2-5. RC hole details are included in Table 1.

Alex Passmore Ora Gold’s CEO commented:

“We are very pleased to report these exceptionally high-grade results returned from recent infill drilling. The infill drilling was carried out successfully and has confirmed or improved the mineralisation model we have for Crown Prince.

Such high-grade headline results demonstrate the high quality nature of the Crown Prince Project and point to its likely strong economics during development and production.

We look forward to providing further information on the updated resource estimate in coming weeks and then to follow up with an ore reserve as work progresses.”

Cross Section A-A’

Infill drilling at SEZ has confirmed new FW and HW lodes outside the current mineralisation wireframes, with outstanding high-grade intercepts Including: 20m @ 277.36g/t Au from 40m (incl: 4m @1368.11 g/t Au from 52m) in OGGRC859 and 35m @ 2.96 g/t Au from 173m In OGGRC873.

Extensions to the current mineralisation model along section A-A have been confirmed by intercepts in OGGRC862, 875 and 872 which include 7m @ 6.87 g/t Au from 133m in OGGRC864 and 15m @ 14.7 g/t Au from 152m (incl: 1m @ 177 Au from 153m).

New high-grade intercepts in OGGRC859, along with previous intercepts in OGGRC477 have highlighted additional mineralised zones close to surface in the footwall, which fall outside existing mineralisation wireframes.

OGGRC873 has strengthened the current interpretation that the high-grade shoots at the southwestern end remain wide and continuous at depth.

The SEZ host geology consists of a series of coarse-grained amphibole dolerites and minor high Mg basalts which grade into an intensely sheared unit proximal to mineralisation. Gold is associated with classic, extensional mesothermal style quartz lodes with characteristic Fe carbonate +/- fuchsite alteration, with high grade zones occurring with sulphide laminations and microstructures that crosscut the early-stage white buck veins.

Recent infill drilling has confirmed that the mineralisation system remains high grade down dip, highlighting potential for future underground mining.

Click here for the full ASX Release

This post appeared first on investingnews.com

Electric vehicles (EVs) are key to cutting greenhouse gas emissions and fighting climate change, and the Biden administration has implemented subsidies and tax incentives to foster US and North American supply chains.

Nearly US$1 trillion is flowing into various initiatives via the Bipartisan Infrastructure Deal, CHIPS and Science Act and Inflation Reduction Act (IRA). The aim is to boost economic and tech development while supporting clean energy.

More specifically, the Bipartisan Infrastructure Deal invests in upgrading US infrastructure, including roads, bridges, public transit and broadband internet. Meanwhile, the CHIPS and Science Act promotes US semiconductor manufacturing and research to reduce reliance on foreign suppliers, and the IRA focuses on reducing the deficit, lowering drug costs and investing in clean energy to combat climate change.

On the EV side, US$2 billion in funding is being directed toward the Department of Energy to provide grants for domestic production of various types of clean vehicles, from hybrids to hydrogen fuel cell cars. There are also critical minerals manufacturing subsidies and several consumer incentives, including a US$7,500 tax credit on new EV purchases.

In this article

    How would a Trump presidency impact the EV sector?

    As the US election approaches, with Republican candidate Donald Trump set to square off against Democrat Kamala Harris on November 5, speculation is rife about whether Trump would end EV incentives.

    In an August 20 interview with Reuters, the presidential candidate expressed his disdain for tax incentives.

    ‘Tax credits and tax incentives are not generally a very good thing,’ Trump said. ‘I’m not making any final decisions on (EV tax credits). I’m a big fan of electric cars, but I’m a fan of gasoline-propelled cars, and also hybrids and whatever else happens to come along.’

    However, battery sector experts at Fastmarkets’ Lithium Supply and Battery Raw Materials conference agreed it would be extremely difficult for Trump to repeal any or all of the three initiatives.

    “What can Trump legally change if he becomes president with the IRA?” Grace Asenov, base metals and energy editor at Fastmarkets asked rhetorically during her presentation at the event. “The quick answer is he is not going to be able to change very much. The IRA is law; anything that the treasury department does through regulation can be changed, but it would take a lot of time, and it would have to be done in a legally defensible way.’

    Even so, analysts at the Fastmarkets event believe that while changing the IRA and other legislation would be difficult, a Trump presidency would have a negative impact on EV sector growth. During a scenario analysis, they concluded that another Trump term could have three major implications for EV battery-related policies.

    First, Trump may impose stricter regulations on which EV models qualify for subsidies under the IRA, limiting eligibility for the US$7,500 tax credit. Second, his administration could eliminate Environmental Protection Agency vehicle emission standards that are expected to lead to 67 percent of vehicles being electric by 2032. Lastly, Trump might roll back commitments for 50 percent of the government fleet to be electric by 2030.

    “If implemented, these changes could result in 5 percent lower EV sales by 2034,” Asenov said.

    Has Elon Musk’s support affected Trump’s stance on EVs?

    Although Trump has ridiculed EVs in the past, a friendly relationship with Tesla ( NASDAQ:TSLA) CEO Elon Musk has appeared to soften the former president’s stance.

    “I’m for electric cars. I have to be, because Elon endorsed me very strongly. So I have no choice,” he told reporters in August.

    Like Trump, Musk has also been outspoken about his disdain for EV subsidies and tax incentives, although Tesla has benefited from nearly US$3 billion in government subsidies since its inception.

    In addition to endorsing the Trump campaign, the Tesla founder has also appeared at several Trump rallies in swing states.

    Musk also launched a controversial voter sweepstakes in mid-October that offered US$1 million daily to participants who confirm their voting status on a designated website. The lottery, which also required voters to sign a petition in “support of the 1st and 2nd amendments,’ was quickly paused after the Department of Justice warned Musk that the incentive could violate US election laws prohibiting payments in exchange for voting.

    Will Trump try to compete with China on EVs?

    If Trump does want to see the EV and battery supply chain grow in the US, he may implement stronger restrictions on Foreign Entity of Concern nations, including China, which dominates the processing of lithium, rare earths and several other critical minerals. China is also the top producer of rare earths and other important commodities.

    “He could say, ‘We don’t want to rely on China at all (for critical minerals and battery processing and manufacturing),’” said Asenov, noting that such a decision would slow EV adoption.

    Trump’s aversion to Chinese reliance was also brought up during a panel discussion at the Fastmarkets event.

    “I don’t think he wants to lose to China on the manufacturing of EVs,” Howard Klein, cofounder and partner at RK Equity, said. “I’m relatively optimistic that whoever wins will not make major changes,” he added, noting that southern states have benefited from the subsidies — the same states where Trump has a large base.

    How could the IRA be improved?

    With the outcome of the US election still very much up in the air, the Fastmarkets experts spent time sharing ideas on how the IRA and other legislation in the country could be changed for the better.

    Steve LeVine, editor of the Electric, would like to see some collaborative measures implemented.

    “Who’s the world expert in making batteries and making the chemicals, making the components? It is the Chinese. So if I were to change any part of the IRA, it would be an incentive to bring Chinese expertise into the US to teach Americans how to do that,’ he told attendees at the Fastmarkets event.

    Asenov noted that Trump could look to close the US$7,500 credit loophole for leased vehicles through which consumers can lease an EV, get the incentive and then return the car after three years.

    For his part, Klein said he would like to see more investment in mineral extraction and production.

    “More money for mining. There is a lot of funding in the IRA, but no money for mining, just processing,” he said.

    Klein went on to note that allocating money for mining could “change the mentality” around the sector and send a positive message to the public about the often-maligned industry. Whether added to the IRA or adopted as standalone investment, the need to secure new and grow existing mined supply is a crucial first step in EV sector growth.

    Indeed, the International Energy Agency notes that demand for minerals used in EVs and battery storage is set to grow at least 30 times by 2040 in climate-driven scenarios.

    While investment in new mine supply, processing and manufacturing were agreed to be imperative, where that money comes from caused some division amongst the panelists.

    As Klein called for IRA funding, David Deckelbaum, analyst at TD Cowen, took a more “cynical view” of the IRA.

    “I don’t think (the IRA is) very pragmatic,” he said. “My criticism would be, especially as you look at the capital flows and attracting capital and investments, investors do not want to invest in something that requires infinite supplementation.”

    Deckelbaum went on to explain that he agreed with LeVine’s point, and suggested removing China from the ‘economy of concern’ list to allow materials from China to qualify for investment tax credits.

    This would also involve increasing consumer credits and eliminating income limits to boost adoption.

    ‘We should focus on creating demand domestically, rather than imposing restrictions on how manufacturers meet it. Since it’s not feasible to avoid buying materials from China, and investors are reluctant to support companies that can’t compete without government aid, the current approach isn’t sustainable,’ he said.

    Does Harris support an electric vehicle mandate?

    Kamala Harris stated that she does not support an electric vehicle mandate at an October campaign stop in Flint Michigan — the epicenter of American automotive production. The presidential hopeful told supporters, “I will never tell you what kind of car you have to drive.”

    She clarified her stance after the Trump campaign falsely claimed in ads that Harris would implement an electric vehicle mandate forcing US automakers to only produce electric or hydrogen vehicles by 2035.

    Instead, Harris promised to invest in “retooling” existing facilities in order to capitalize and benefit from the clean energy shift and support companies to hire locally.

    A Harris administration will likely lead to the continuation of Biden-era policies supporting electric cars, including the IRA and EV supply chain funding. She has also been vocal about her support of EV adoption, national clean energy goals and subsidies to encourage US-based EV production, as part of a larger goal of reducing carbon emissions and strengthening domestic supply chains.

    Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) (‘Silver Tiger’ or the ‘Corporation’) is pleased to announce a Preliminary Feasibility Study (‘PFS’) for its 100% owned, silver-gold El Tigre Project (the ‘Project’ or ‘El Tigre’) located in Sonora, Mexico. The PFS is focused on the conventional open pit mining economics of the Stockwork Mineralization Zone defined in the updated Mineral Resource Estimate (‘MRE’) (Figure 1). The updated MRE also contains an Out-of-Pit Mineral Resource that Silver Tiger plans to study in a Preliminary Economic Assessment in H1-2025.

    Highlights of the PFS are as follows (all figures in US dollars unless otherwise stated):

    • After-Tax net present value (‘NPV’) (using a discount rate of 5%) of US$222 million with an After-Tax IRR of 40.0% and Payback Period of 2.0 years (Base Case);
    • 10-year mine life recovering a total of 43 million payable silver equivalent ounces (‘AgEq’) or 510 thousand payable gold equivalent ounces (‘AuEq’), consisting of 9 million silver ounces and 408 thousand gold ounces;
    • Total Project undiscounted after-tax cash flow of US$318 million;
    • Initial capital costs of $86.8 million, which includes $9.3 million of contingency costs, over an expected 18-month build, expansion capital of $20.1 million in year 3 and sustaining capital costs of $6.2 million over the life of mine (‘LOM’);
    • Average LOM operating cash costs of $973/oz AuEq, and all in sustaining costs (‘AISC’) of $1,214/oz AuEq or Average LOM operating cash costs of $12/oz AgEq, and all in sustaining costs (‘AISC’) of $14/oz AgEq;
    • Average annual production of approximately 4.8 million AgEq oz or 56.7 thousand AuEq oz; and
    • Three (3) years of production in the Proven category in the Phase 1 Starter Pit.

    Glenn Jessome, President & CEO stated ‘We are very pleased with the work completed by our consultants and our technical team on the PFS for the open pit at El Tigre. The open pit delivers robust economics with an NPV of US$222 million, an initial capital expenditure of US$87 million, and a payback of 2 years with 3 years of production in the Proven category in the ‘Starter Pit using metal prices greatly discounted to the spot price.’ Mr. Jessome continued ‘This is a pivotal point for our Company as we now have a clear path forward to making a construction decision for the open pit. The open pit has good grade (48 g/t AgEq), low strip ratio (1.7:1), and wide benches (~150 m) with mineralization at surface. With such positive parameters and with our VP of Operations Francisco Albelais, a career expert in the construction of large heap leach mines in Mexico, we are confident we will be able to advance the Project very quickly.’ Mr. Jessome concluded ‘The open pit is only one component of El Tigre as we have also today delivered over 113 Mozs AgEq in the underground Mineral Resource Estimate and disclosed an Exploration Target establishing 10 to 12 million tonnes at 225 to 265 g/t AgEq for 73 to 100 Moz AgEq. This disclosed ‘near-mine’ Mineral Resource and potential, when coupled with the fact that only 30% of this prolific Property has been explored, shows the value of the El Tigre Project. The Company will also continue to work on this substantial underground Mineral Resource by starting underground drilling immediately, and plan to release an underground PEA in H1-2025.’

    Highlights of the updated Mineral Resource

    • Increased confidence in MRE, with increase of 132% in Total Measured & Indicated Silver Equivalent (‘AgEq’) Ounces from September 2023 MRE, with 59% increase in Measured & Indicated AgEq grade;
    • Total Measured & Indicated Mineral Resource of 200 Moz AgEq grading 92 g/t AgEq contained in 68.0 million tonnes (‘Mt’);
    • Inferred Mineral Resource of 84 Moz AgEq grading 180 g/t AgEq contained in 14.5 Mt; and
    • Inclusion of Out-of-Pit Mineral Resource of 5.3 Mt Measured & Indicated Mineral Resource at grade of 255 g/t AgEq and 10.1 Mt Inferred Mineral Resource grading 216 g/t AgEq.

    Preliminary Feasibility Summary

    The PFS was prepared by independent consultants P&E Mining Consultants Inc. (‘P&E’), with metallurgical test work completed by McClelland Laboratories, Inc. – Sparks, Nevada, process plant design and costing by D.E.N.M. Engineering Ltd., and environmental and permitting led by CIMA Mexico. Following are tables and figures showing key assumptions, results, and sensitivities.

    1. Grades shown are LOM average process plant feed grades include only OP sources. Mining losses and external dilution of 3.7% were incorporated in the mining schedule.
    2. Column testing indicated both variable gold and silver recovery for the oxide material vs the previously reported non-discounted PEA (83% and 64%) at a 3/8-in crush size. In the process design and financial model for the PFS process design and financial model recoveries have been discounted by 3% for leaching in the field versus optimum conditions in the laboratory and shown accordingly. The presence of transition and sulfide zones has affected both the gold and silver recoveries and are shown as separate recoveries. These are reasonable and appropriate for use in this PFS design and economic analysis.

    Figure 2 above highlights the post-tax cash flows of US$318 million associated with the El Tigre Project. The economics of the Project have been evaluated based on the base case scenario $26/oz silver price and gold price of $2,150/oz. As illustrated in the following sensitivity tables, the Project remains robust even at lower commodity prices or with higher costs (Tables 2 and 3).

    Capital and Operating Costs
    The El Tigre Project has been envisioned as an open pit mining operation starting at a processing rate of 7,500 tonnes per day for years 1-3 and then ramping up to 15,000 tonnes per day by year 4 after 1 year construction for ramp up in year 3.

    The process plant is comprised of conventional three (3) stage crushing to an optimum -3/8 inch (10 mm) crush size. The crushed material will be conveyed and loaded on the lined pad areas. A series of pumping and piping will allow irrigation of the stacked heap material and subsequent production of pregnant solution to flow to the respective impoundment pond. The pregnant solution will be pumped to the recovery facility consisting of the Merrill – Crowe process (zinc precipitation) and refinery to produce the gold and silver dore for marketing. The process barren solution will be recycled (with NaCN addition) and pumped back to the heap for further leaching. The process plant location will be adjacent to the pad and pond infrastructure area.

    Water supply to the process plant is provided by pumping from nearby Bavispe River to the process area water distribution system and high voltage grid power will be installed by the local utility to supply process and infrastructure electrical requirements. Expansion capital includes the cost to increase the process plant capacity from 7,500 tonnes per day to 15,000 tonnes per day as noted in Year 4 of operation.

    Mining
    Open pit mining will be contracted and carried out by drill and blast followed by conventional loading and truck haulage to the waste rock storage facilities and the process plant.

    Metallurgy
    A detailed metallurgical test program was carried out by McClelland Laboratories, Inc., Sparks, Nevada on six (6) El Tigre starter pit samples. The program included crushing, coarse bottle rolls, and column testing at both 80% passing 3/8 inch and 1/2 inch (10 and 12 mm) crush size for five (5) of the six samples. One low grade sample was only crushed to 80% passing 1-1/2 inch (38 mm) as an indication of low grade leachability. The leach samples comprised of drill core sample representing the starter pit and during the testing process it became apparent that the presence of transition and sulfide zones are in the starter pit thus affecting the base design recoveries. This variable test program (column and coarse bottle roll) estimated oxide average gold and silver respective metallurgical recoveries of 86% Au and 48% Ag at the 3/8 inch (10 mm) crush. The transition and sulfide zones had estimated recoveries of 59% Au and 43% Ag. Further percolation testing also confirmed no requirement for agglomeration of the crushed material is required prior to loading on the leach pad.

    Mineral Resource Estimate
    The basis for the PFS is the Mineral Resource Estimate completed by P&E for the El Tigre Project located in Sonora State, Mexico, which has an effective date of October 22, 2024, with an NI 43-101 Technical Report to be filed within 45 days of this news release. A summary of the Mineral Resource Estimate is provided in Table 5.

    1. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
    2. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
    3. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
    4. Historically mined areas were depleted from the Mineral Resource model.
    5. Prices used are US$2,000/oz Au, US$25/oz Ag, US$4.00/lb Cu, US$0.95 lb Pb and US$1.25/lb Zn.
    6. The pit-constrained AuEq respective oxide and sulfide cut-off grades of 0.10 and 0.15 g/t were derived from 40% Ag and 83% Au oxide process recovery, 40% Ag and 56% Au sulfide process recovery, US$5.25/tonne process and G&A cost. The constraining pit optimization parameters were $2.00/t mining cost and 45-degree pit slopes. Regarding recoveries, the PFS recovery for Ag in oxide material was increased to 45% after a more detailed study was complete after the MRE was finalized.
    7. The out-of-pit AuEq cut-off grade of 1.50 g/t was derived 93% Ag and 89% Au process recovery, US$28/tonne process and G&A cost, and a $60/tonne mining cost. The out-of-pit Mineral Resource grade blocks were quantified above the 1.50 g/t AuEq cut-off, below the constraining pit shell and within the constraining mineralized wireframes. Out-of-Pit Mineral Resources are restricted to the El Tigre Main Veins, which exhibit historical continuity and reasonable potential for extraction by cut and fill and long hole mining methods.
    8. The Low-Grade Stockpile AuEq cut-off grade of 0.54 g/t was derived from 85% Ag and 85% Au recovery US$28/tonne process and G&A cost, and a $2/tonne mining cost.
    9. The Tailings AuEq cut-off grade of 0.55 g/t was derived from 82% Ag and 83% Au process recovery, US$28.72/tonne process and G&A cost.
    10. AgEq and AuEq were calculated at an Ag/Au ratio of 166:1 (oxide) and 122:1 (sulfide) for pit-constrained Mineral Resources.
    11. AgEq and AuEq were calculated at an Ag/Au ratio of 77:1 for out-of-pit Mineral Resources.
    12. AgEq and AuEq were calculated at an Ag/Au ratio of 80:1 for Low-Grade Stockpile Mineral Resources.
    13. AgEq and AuEq were calculated at an Ag/Au ratio of 79:1 for Tailings Mineral Resources
    14. Totals may not sum due to rounding.

    Mineral Resource Estimate Methodology – El Tigre Project
    The El Tigre Project includes the El Tigre Veins, El Tigre Tailings and the El Tigre Low-Grade Stockpile.

    The databases used for this Mineral Resource update contain a total of 20,149 collar records that contribute directly to the Mineral Resource Estimate and includes collar, survey, assay, lithology and bulk density data. Assay data includes Au g/t, Ag g/t, Cu %, Pb % and Zn % grades. The drilling extends approximately five km along strike.

    P&E Mining Consultants Inc. (‘P&E’) collaborated with Silver Tiger personnel to develop the mineralization models, grade estimates, and reporting criteria for the Mineral Resources at El Tigre. Mineralized domains were initially developed by Silver Tiger and were reviewed and modified by P&E. A total of twenty-seven individual mineralized domains have been identified through drilling and surface sampling. Interpreted mineralization wireframes were developed by Silver Tiger geologists for the El Tigre Veins based on logged drill hole lithology, assay grades and historical records. Silver Tiger identified continuous zones of mineralization from assay grades equal to or greater than 0.30 g/t AuEq with observed continuity along strike and down-dip, using a calculated Ag:Au equivalent factor of 75:1. The selected intervals include lower grade material where necessary to maintain wireframe continuity between drill holes.

    P&E developed mineralized domains for the El Tigre Low-Grade Stockpile and the El Tigre Tailings based on lithological logging and LiDAR surface topography.

    Assay samples were composited to either 1.00 m or 1.50 m for the vein domains. No compositing was used for the Low-Grade Stockpiles and Tailings models. Composites were capped prior to grade estimation based on the analysis of individual composite log-probability distributions.

    A total of 5,542 bulk density values were taken by Silver Tiger from drill hole core. Mineralized bulk density values were assigned for each of the El Tigre Main Veins based on the median vein measurement. For the El Tigre North Veins, a bulk density of 2.65 t/m 3 was assigned for the veins and a value of 2.42 t/m 3 was assigned for the Protectora Halo. For the Low-Grade Stockpile a value of 1.60 t/m 3 was assigned, and for the Tailings a value of 1.39 t/m 3 was used based on 37 nuclear density measurements.

    Vein block grades for gold and silver were estimated by Inverse Distance Cubed (‘ID3’) interpolation of capped composites using a minimum of four and a maximum of twelve composites. Vein block grades for copper, lead and zinc were estimated by Inverse Distance Squared (‘ID2’) interpolation of capped composites using a minimum of four and a maximum of twelve composites.

    Nearest-Neighbour grade interpolation was used for the Low-Grade Stockpiles, and for the Tailings, block grades were estimated by ID2 estimation of capped assays using a minimum of four and a maximum of twelve samples.

    For the El Tigre Main Veins, blocks within 30 m of three or more drill holes/channels were classified as Measured Mineral Resources, and blocks within 60 m of three or more drill holes/channels were classified as Indicated Mineral Resources. All additional estimated blocks were classified as Inferred Mineral Resources.

    For the North Veins, blocks interpolated by at least two drill holes within 50 m were classified as Indicated Mineral Resources. Blocks interpolated by at least one drill hole within a maximum distance of 200 m were classified as Inferred Mineral Resources.

    For the Low-Grade Stockpiles, blocks within 15 m of two or more drill holes were classified as Indicated Mineral Resources. All additional estimated blocks were classified as Inferred Mineral Resources.

    For the Tailings, blocks within 30 m of three or more auger or core drill holes were classified as Measured Mineral Resources. Blocks within 60 m of two or more auger/drill holes/pits or trenches were classified as Indicated Mineral Resources. All additional estimated blocks were classified as Inferred Mineral Resources.

    P&E considers that the block model Mineral Resource Estimates and Mineral Resource classification represent a reasonable estimation of the global mineral resources for the El Tigre Project with regard to compliance with generally accepted industry standards and guidelines, the methodology used for estimation, the classification criteria used and the actual implementation of the methodology in terms of Mineral Resource estimation and reporting. The Mineral Resources have been estimated in conformity with the requirements of the CIM ‘Estimation of Mineral Resource and Mineral Reserves Best Practices’ guidelines as required by the Canadian Securities Administrators’ National Instrument 43-101. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

    Exploration Potential
    Exploration potential at the El Tigre Project is substantial with prospective areas for exploration both down dip and along strike with the disclosed Exploration Target establishing 10 to 12 million tonnes at 225 to 265 g/t AgEq for 73 to 100 Moz AgEq.

    Surface Rights Agreement
    The Company owns royalty-free, 100% of the 6,238 hectares land-package encompassing the footprint of proposed mining operation with no Ejido presence. In addition, the Company controls 28,414 hectares of Concessions to conduct exploration along a 25 km strike length of the Sierra Madres.

    Underground Preliminary Economic Assessment
    The Company will also continue to work on this substantial, permitted underground Mineral Resource Estimate and advance this towards a Preliminary Economic Assessment by H1-2025. The Measured and Indicated Out-of-Pit Mineral Resource at El Tigre is 44 Moz AgEq grading 255 g/t AgEq contained in 5.3 Mt and the Inferred Mineral Resource is 70 Moz AgEq grading 216 g/t AgEq contained in 10.1 Mt.

    Qualified Persons
    Mineral Resource Estimate: Dave Duncan P. Geo. VP Exploration of Silver Tiger, Charles Spath P.Geo., VP of Technical Services of Silver Tiger, and Fred Brown, P.Geo RM-SME Senior Associate Geologist of P&E Mining Consultants, and Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants are the Qualified Persons as defined under National Instrument 43-101. All Qualified Persons have reviewed and approved the scientific and technical information in this press release.

    Preliminary Feasibility Study: Andrew Bradfield P. Eng of P&E Mining Consultants, Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants and David J. Salari, P. Eng. of D.E.N.M. Engineering Ltd are the Qualified Persons as defined under National Instrument 43-101. All Qualified Persons have reviewed and approved the scientific and technical information in this press release.

    A Technical Report is being prepared on the Preliminary Feasibility Study in accordance with National Instrument 43-101 (‘NI-43-101’), and will be available on the Company’s website and SEDAR within 45 days of the date of this news release. The effective date of this Preliminary Feasibility Study is October 22, 2024.

    VRIFY Slide Deck and 3D Presentation – Silver Tiger’s El Tigre Project
    VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

    Access the Silver Tiger Metals Inc. Company Profile on VRIFY at: https://vrify.com

    The VRIFY Slide Deck and 3D Presentation for Silver Tiger Metals Inc. can be viewed at: https://vrify.com/explore/decks/492 and on the Corporation’s website at: www.silvertigermetals.com.

    About Silver Tiger and the El Tigre Historic Mine District
    Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience discovering, financing and building large epithermal silver projects in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. 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. In 1896, gold was first discovered on the property in the Gold Hill area and mining started with the Brown Shaft in 1903. The focus soon changed to mining high-grade silver veins in the area with production coming from 3 parallel veins the El Tigre Vein, the Seitz Kelley Vein and the Sooy Vein. Underground mining on the middle El Tigre Vein extended 1,450 metres along strike and was mined on 14 levels to a depth of approximately 450 metres. The Seitz Kelley Vein was mined along strike for 1 kilometre to a depth of approximately 200 metres. The Sooy Vein was only mined along strike for 250 metres to a depth of approximately 150 metres. Mining abruptly stopped on all 3 of these veins when the price of silver collapsed to less than 20¢ per ounce with the onset of the Great Depression. By the time the mine closed in 1930, it is reported to have produced a total of 353,000 ounces of gold and 67.4 million ounces of silver from 1.87 million tons (Craig, 2012). The average grade mined during this period was over 2 kilograms silver equivalent per ton.

    For further information, please contact:
    Glenn Jessome
    President and CEO
    902 492 0298
    jessome@silvertigermetals.com

    CAUTIONARY STATEMENT:
    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    This News Release includes certain ‘forward-looking statements’. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, Mineral Resources and Reserves, the ability to convert Inferred Mineral Resources to Indicated Mineral Resources, the ability to complete future drilling programs and infill sampling, the ability to extend Mineral Resource blocks, the similarity of mineralization at El Tigre to Delores, Santa Elena and Chispas, exploration results, and future plans and objectives of Silver Tiger, are forward-looking statements that involve various risks and uncertainties. Forward-looking statements are frequently characterized by words such as ‘may’, ‘is expected to’, ‘anticipates’, ‘estimates’, ‘intends’, ‘plans’, ‘projection’, ‘could’, ‘vision’, ‘goals’, ‘objective’ and ‘outlook’ and other similar words. Although Silver Tiger believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Silver Tiger’s expectations include risks and uncertainties related to exploration, development, operations, commodity prices and global financial volatility, risk and uncertainties of operating in a foreign jurisdiction as well as additional risks described from time to time in the filings made by Silver Tiger with securities regulators.

    Source

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    Lithium Universe (ASX:LU7) presents this entitlement issue prospectus.

    For a pro-rata non-renounceable entitlement issue of 1 Share for every 10 Shares held by those Shareholders registered at the Record Date at an issue price of $0.012 per Share, together with 1 free New Option for every 1 Share applied for and issued to raise up to $982,696 (based on the number of Shares on issue as at the date of this Prospectus) (Entitlement Offer).

    This Prospectus also includes the Secondary Offers, which are set out in Section 2.2. The Secondary Offers and the Entitlement Offer are together referred to as the Offers.

    IMPORTANT NOTICE

    This document is important and should be read in its entirety. If, after reading this Prospectus you have any questions about the Securities being offered under this Prospectus or any other matter, then you should consult your professional advisers without delay.

    The Securities offered by this Prospectus should be considered as highly speculative.

    IMPORTANT NOTICE

    This Prospectus is dated 1 November 2024 and was lodged with the ASIC on that date. The ASIC, ASX and their respective officers take no responsibility for the contents of this Prospectus or the merits of the investment to which this Prospectus relates.

    No Securities may be issued on the basis of this Prospectus later than 13 months after the date of this Prospectus.

    No person is authorised to give information or to make any representation in connection with this Prospectus, which is not contained in this Prospectus. Any information or representation not so contained may not be relied on as having been authorised by the Company in connection with this Prospectus.

    Click here for the full ASX Release

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    Cardiex Limited (ASX: CDX) (the Company) is pleased to announce pre-orders for the CONNEQT Arterial Health Assessment, which comes complete with the CONNEQT Pulse vascular biometric monitor, have commenced in the USA.

    Following a very successful waitlist campaign for the Pulse, which has seen more than 20,000 sign-ups, combined with a six-part nurturing campaign to this group, exclusive invitations for pre-orders have now commenced.

    This key milestone marks the first phase of the Company’s transition to delivering transformative cardiovascular solutions, based on our industry-leading vascular biomarker technology, across a broader range of healthcare markets.

    Cardiex CEO Craig Cooper commented:

    “This is a pivotal moment for the company as we launch the CONNEQT Pulse, bringing our vascular health technology directly to U.S. consumers for the first time. This phased pre- order rollout allows us to ensure a smooth customer experience while efficiently managing demand and conversions. Reaching this milestone reaffirms the strength of our strategy, and we expect the positive momentum to support revenue growth and accelerate our entry into broader healthcare markets.”

    The CONNEQT Pulse is designed to meet the rising demand for comprehensive cardiovascular health monitoring solutions that go beyond traditional blood pressure measurement. With its focus on accessible, personalized health insights, the Pulse is set to become a valuable tool for individuals seeking proactive cardiovascular health management and for clinicians looking to enhance patient care with advanced vascular health metrics.

    Cardiex will continue to roll out additional waves of exclusive pre-order invitations to waitlist members over the coming weeks. This phased approach is intended to ensure an efficient pre-order experience, optimize customer support, and prepare for the device’s broader market launch.

    Click here for the full ASX Release

    This article includes content from CardieX Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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    (TheNewswire)

    JZR Gold Inc.

    October 31, 2024 TheNewswire Vancouver, British Columbia, Canada JZR Gold Inc. (the ‘ Company ‘ or ‘ JZR ‘) ( TSX-V: JZR ) has been advised by ECO Mining Oil & Gaz Drilling and Exploration (EIRELI) (‘ ECO ‘), the operator of the Vila Nova gold project (the ‘ Vila Nova Property ‘) located in the State of Amapa, Brazil, that it has received all required permits from the Agencia Nacional de Mineracao, Brazil’s national mining agency, and the relevant environmental agencies in Brazil, to allow ECO to commence preparation work on the Vila Nova Property.  The Company has worked with ECO to commission the manufacture and assembly of an 800 tonne-per-day bulk sampling gravimetric mill, which is ready to commence operation on the Vila Nova Property.  ECO has advised the Company that will it start up the plant to commence processing material from the Vila Nova Property within weeks.

    JZR Gold Inc. possesses a 50% net profit interest (the ‘ NPI ‘) in all profit generated from the Vila Nova Project.

    For further information, please contact:

    Robert Klenk

    Chief Executive Officer

    E: rob@jazzresources.ca
    T: 604.329.9092

    Forward-Looking Statements

    This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future.  Forward-looking statements in this news release include statements with respect to commencement of preparation work on the Vila Nova Project and the expected operation of the gravimetric mill on the Vila Nova property.  Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.  These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; geopolitical risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators.  The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.  The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

    None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

    Copyright (c) 2024 TheNewswire – All rights reserved.

    News Provided by TheNewsWire via QuoteMedia

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    Canadian oil and gas stocks have faced a rollercoaster ride over the past few years.

    However, analysts remain optimistic about the sector, and there are signs that oil and gas companies in Canada may be in a multi-year bull market. The top oil and gas stocks on the TSX and TSXV have been posting gains despite volatile market conditions, and many companies offer strong payouts for dividend investors.

    Canadian energy stocks that pay dividends — a portion of corporate profits shared on a specific timeline — are attractive to those who prefer a long-term approach to wealth creation. Dividend investing allows for a steady flow of income and the opportunity to increase equity holdings.

    Investors should look for stocks with high dividend yields, which is based on annual dividend income per share divided by price per share. For example, if a dividend stock has a share price of C$10.00 and pays a C$0.25 dividend every quarter, it has a dividend yield of 10 percent. Of course, as share prices fluctuate, so too will dividend yields, so investors should perform due diligence when choosing which company to invest in.

    The ability to offer a dividend payment points to the financial health of a company, making it a point of pride for companies in the oil and gas industry.

    1. Cardinal Energy (TSX:CJ)

    Company Profile

    Dividend yield: 11.03 percent
    Debt-to-equity ratio: 0.09
    Market cap: C$1.04 billion

    Cardinal Energy is an oil-focused company with operations centered on low-decline light, medium and heavy oil in Western Canada. The company reported that its Q2 production increased by 3 percent over the previous quarter to 22,376 barrels of oil equivalent per day (boe/d) ‘as volumes from the company’s strong first quarter drilling program positively impacted the quarter.’

    Cardinal Energy pays a monthly dividend of C$0.06 per share. Its October dividend will be paid on November 15 to shareholders of record as of October 31.

    2. Gear Energy (TSX:GXE)

    Company Profile

    Dividend yield: 10 percent
    Debt-to-equity ratio: 0.06
    Market cap: C$158.16 million

    Next on this list of top Canadian oil and gas dividend stocks is Calgary-headquartered Gear Energy, an oil company focused on operations in three core areas: Lloydminster heavy oil, Central Alberta light-medium oil and Southeast Saskatchewan light oil.

    The company reported Q2 production of 5,621 boe/d, a 2 percent decrease over the first quarter of 2024 ‘due to the shut-in of some of the Company’s gas wells as well as some unexpected downtime.’ Gear Energy pays a monthly dividend of C$0.005 per share, with its next payment coming out October 31 to shareholders of record as of October 15.

    3. Birchcliff Energy (TSX:BIR)

    Company Profile

    Dividend yield: 9.17 percent
    Debt-to-equity ratio: 0.22
    Market cap: C$148.45 million

    Birchcliff Energy is an intermediate oil and natural gas firm with operations focused on the Montney/Doig resource play in the Peace River Arch area of Alberta, Canada.

    “We continued with the successful execution of our capital program in the second quarter, bringing 11 wells on production. These wells are exceeding our internal projections, with strong initial production rates that contributed to our solid quarterly average production of 78,358 boe/d,” said Birchcliff CEO Chris Carlsen in a recent press release.

    Birchcliff has declared a quarterly cash dividend of C$0.10 per common share for the quarter ending on September 30.

    4. Peyto Exploration & Development (TSX:PEY)

    Company Profile

    Dividend yield: 8.63 percent
    Debt-to-equity ratio: 0.50
    Market cap: C$265.65 million

    Peyto Exploration & Development conducts unconventional natural gas exploration, development and production in the Deep Basin in Alberta. The company reported that its Q2 2024 production volumes averaged 122,299 boe/d, up 24 percent year-over-year, which it attributed mainly to the Repsol Canada Energy Partnership acquisition that closed in Q4 2023.

    Currently, Peyto pays its shareholders a monthly dividend of C$0.11 per common share, and plans to make a dividend payout on November 15 to shareholders of record as of October 31.

    5. Surge Energy (TSX:SGY)

    Company Profile

    Dividend yield: 7.99 percent
    Debt-to-equity ratio: 0.29
    Market cap: C$621.74 million

    Last on this list of top Canadian oil and gas dividend stocks is Surge Energy, an oil-focused exploration and production company with assets in two of Canada’s premiere conventional oil growth plays: Sparky and SE Saskatchewan.

    In its financial and operating results for the period ending June 30, 2024, the company reported that in the first six months of the year, oil production reached 20,124 barrels per day.

    Surge Energy pays a monthly cash dividend, which has come in at C$0.043 per share since June 2024, up from C$0.04 previously. On November 15, the company will make its next dividend payout to shareholders of record as of October 31.

    Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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    Biotech is a dynamic industry that is driving scientific advancements and innovation in healthcare. In Canada, the biotech industry is home to companies pursuing cutting-edge therapies and medical technologies.

    According to Grandview Research, the global biotech market was worth US$1.55 trillion in 2023, and the firm expects it to grow at a CAGR of 13.96 percent between 2024 and 2030 to reach a value of US$3.08 trillion.

    Data on Canadian biotech stocks was collected on October 28, 2024, using TradingView’s stock screener. Only companies with market capitalizations of over C$50 million at that time were considered. Companies on the TSX, TSXV and CSE were considered, but no TSXV-listed stocks made the list this time. Read on to learn what’s been driving these biotech firms.

    1. Bright Minds Biosciences (CSE:DRUG)

    Press ReleasesCompany Profile

    Year-to-date gain: 4,377.33 percent
    Market cap: C$301.31 million
    Share price: C$47.64

    Bright Minds Biosciences is focused on developing novel treatments for neuropsychiatric disorders and pain. Its portfolio consists of serotonin agonists designed to target neurocircuit abnormalities that make disorders like epilepsy, post-traumatic stress disorder and depression difficult to treat.

    The company’s drugs have been designed to potentially retain the powerful therapeutic aspects of psychedelic and other serotonergic compounds, while minimizing the side effects, thereby creating superior drugs to first-generation compounds, such as psilocybin.

    On October 15, the company’s stock price closed at an astounding 2,590 percent over its previous close, jumping from C$1.64 to C$44.11 in one day. Bright Minds issued a press release the next day, saying it was ‘unaware of any material changes’ that would account for such a rapid and significant surge.

    On October 18, the company announced a non-brokered private placement worth US$35 million at a price of US$21.70 per share, and the news rocketed its share price to a closing price of C$102.72.

    2. Medicenna (TSX:MDNA)

    Company Profile

    Year-to-date gain: 457.14 percent
    Market cap: C$180.47 million
    Share price: C$2.34

    Medicenna is a clinical-stage immuno-oncology company specializing in the development of innovative therapies for patients with challenging unmet needs. Its focus is on creating novel, highly selective versions of cytokines, such as IL-2, IL-4, and IL-13, which it refers to as ‘Superkines’ and ’empowered superkines.’

    Cytokines are small proteins that play a crucial role in regulating immune responses and helping cells communicate. Interleukins, which Medicenna says are at the core of its therapies, are groups of cytokines. The company’s interleukins are engineered to fuse with specific molecules to optimize their function.

    Medicenna’s mission is to leverage its expertise in cytokine biology to design life-changing therapies that can potentially transform people’s lives. Its therapies treat solid tumors, which have a low response rate to conventional cancer treatments, and autoimmune and neuroinflammatory diseases. Medicenna’s lead candidate, MDNA11 has demonstrated therapeutic activity and an acceptable safety profile during clinical trials of monotherapy dose escalation in treating patients with advanced solid tumors.

    On June 26, Medicenna received regulatory approval from the European Medicines Agency to expand its phase 1/2 clinical trial of MDNA11 as a monotherapy and in combination with Keytruda to Europe. On August 1, the company announced the first complete response in a melanoma patient following a 52-week treatment with MDNA11.

    MDNA11 is currently undergoing a Phase 1/2 ABILITY-1 study for treating advanced or metastatic solid tumors. Clinical and preclinical data will be presented at the 39th Annual Meeting of the Society for Immunotherapy of Cancer from November 6 to 10.

    3. ME Therapeutics Holdings (CSE:METX)

    Company Profile

    Year-to-date gain: 356.67 percent
    Market cap: C$104.54 million
    Share price: C$5.48

    ME Therapeutics Holdings is a biotechnology company focused on developing cancer-fighting drug candidates that can increase the efficacy of current immuno-oncology drugs by targeting suppressive myeloid cells, which have been found to hinder the effectiveness of existing immuno-oncology treatments. Immuno-oncology is a relatively new area of cancer drug research and has shown promising results when used to treat cancer with low survival rates.

    In December 2023, ME Therapeutics announced that its antibody h1B11-12 effectively binds to and neutralizes G-CSF in lab and animal studies. Research by Dr. Kenneth Harder at the University of British Columbia showed G-CSF significantly affects breast and colon cancer growth and spread. Trials for the candidate are advancing.

    On July 8, the company entered into a collaborative agreement with NanoVation Therapeutics, a biotech company that develops customized nucleic acid and lipid nanoparticle technologies to empower genetic medicine. The collaboration has already resulted in two new MRNA formulations, for which testing began on October 4.

    4. Cardiol Therapeutics (TSX:CRDL)

    Press ReleasesCompany Profile

    Year-to-date gain: 127.43 percent
    Market cap: C$187.98 million
    Share price: C$2.57

    Cardiol Therapeutics is a biopharma company developing innovative treatments for inflammation and fibrosis in cardiovascular conditions. Its research is concentrated on pericarditis, which is inflammation of the membrane surrounding the heart; myocarditis, or inflammation of the heart muscle; and heart failure.

    Cardiol currently has two drug candidates in its pipeline. CardiolRx, the company’s lead candidate, received an orphan drug destination in February 2024. The biotech company is also developing CRD-38, a drug formulation of cannabidiol that is administered subcutaneously for treating heart failure.

    The company released positive top-line results from its Phase 2 open-label pilot study of CardiolRx in patients with recurrent pericarditis in June, and plans to release full clinical data at the American Heart Association Scientific Sessions on November 18.

    On October 22, Cardiol announced it would be expanding the clinical program with a concurrent late stage trial of CardiolRx in patients with recurrent pericarditis who had ceased interleukin-1 blocker therapy. The trial is expected to begin in Q4.

    Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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