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Platinum Group Metals

Thunder Bay palladium company inks exploration agreement with three First Nation communities – by Staff (Northern Ontario Business – April 18, 2022)

https://www.northernontariobusiness.com/

Potential mine development could provide benefit for northwestern Ontario Indigenous bands

A Thunder Bay palladium company has signed an exploration agreement with three First Nations.

Clean Air Metals, Fort William First Nation, Red Rock Indian Band and Biinjitiwaabik Zaaging Anishinaabek announced last week that they’ve advanced their ongoing relationship with a signed exploration agreement. A year ago, all the parties signed an initial memorandum of understanding concerning the company’s Thunder Bay North project.

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Russian nickel, palladium, chromium exports a headache for Germany – by Arthur Sullivan (DW.com – April 11, 2022)

https://www.dw.com/en/

Russian gas and oil are by far the most significant exports Moscow sells to Germany. Yet other important raw materials are also under the spotlight because of the war in Ukraine.

Almost all the debate surrounding Germany’s economic ties with Russia since the invasion of Ukraine has focused on gas and oil. With good reason — Germany buys more Russian oil and gas than any other European country, making energy Russia’s most lucrative import to Germany by far.

However, many German companies rely on a steady supply of other Russian exports, particularly raw materials such as nickel, palladium, copper and chromium.

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The Drift: Sudbury’s outskirts remain mineral-rich ground for exploration outfits – by Staff (Northern Ontario Business – Janaury 17, 2022)

https://www.northernontariobusiness.com/

Palladium company to release pre-feasibility study on open-pit River Valley mine project

Areas outside the Sudbury Basin are proving to be fertile ground for junior mining exploration companies probing for precious, base and so-called ‘green’ metals. Two projects are showing definite mining potential.

New Age Metals expects to release a pre-feasibility study this summer for a proposed open-pit mine at its River Valley project.

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Pitt welcomes Chalice’s major find at Julimar – by Esmarie Iannucci (MiningWeekly.com – November 11, 2021)

https://www.miningweekly.com/

PERTH (miningweekly.com) – Federal Minister for Resources and Water Keith Pitt has applauded work done by Geoscience Australia in discovering the largest nickel sulphide discovery in Australia in over two decades.

ASX-listed Chalice Mining this week announced a maiden indicated and inferred mineral resource estimate of 10-million ounces palladium/platinum/gold, 530 000 t of nickel, 330 000 t of copper, and 53 000 t of cobalt at its Gonneville deposit, which makes up part of its larger Julimar project, in Western Australia.

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Ivanhoe Mines secures $300m in stream financing for Platreef – by Cecilia Jamasmie (Mining.com – December 8, 2021)

https://www.mining.com/

Ivanhoe Mines (TSX: IVN)(OTCQX: IVPAF) said on Wednesday it had secure $300 million in stream financing for its platinum group and gold Platreef mine in the South African province of Limpopo.

The Canadian miner said its subsidiary, Ivanplats, closed a $200 million gold stream financing agreement with Orion Mine Finance and Nomad Royalty Company, as well as a $100 million palladium and platinum streaming facility for Platreef.

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Mining the Northwest: Thunder Bay platinum-palladium mine project has ‘tremendous upside’ – by Ian Ross (Northern Ontario Business – December 3, 2021)

https://www.northernontariobusiness.com/

Clean Air Metals express confidence that future mine at Thunder Bay North could have Norilsk-like potential

The proponents of a potentially large platinum and palladium mine near Thunder Bay believe they’ve only scratched the surface of its vast metal potential.

This week, Clean Air Metals released a preliminary economic assessment (PEA) of its Thunder Bay North Project, forecasting a 10-year mine operating life. But company officials insist that’s only the “minimum” as their property has the resources in the ground to last much longer.

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Platinum group metals hunter sees 10-year mine life at Thunder Bay-area project – by Staff (Northern Ontario Business – December 1, 2021)

https://www.northernontariobusiness.com/

Clean Air Metals releases preliminary economic assessment of its Thunder Bay North Project

A Thunder Bay-based junior mining company is placing a 10-year underground mine life on its high-grade platinum, palladium, copper and nickel project, located north of the city.

In a Dec. 1 news release, Clean Air Metals issued a preliminary economic assessment (PEA) of its Thunder Bay North Project, located between the city and Impala’s Lac des Iles Mine.

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Royal Dealmaker Sinks Creation of Largest Platinum-Group Miner – by Felix Njini and Loni Prinsloo (Bloomberg News – November 10, 2021)

https://www.bnnbloomberg.ca

Impala Platinum Holdings Ltd.’s decade-long quest to buy a smaller rival that owns assets key to prolonging the life of its own mines in South Africa came to a shuddering halt on Tuesday.

Chief Executive Officer Nico Muller thought he finally had a deal to acquire 100% of Royal Bafokeng Platinum Ltd., after gaining the backing of the company’s management and board. Implats, as the miner is known, was preparing to make an offer this week after announcing it was in talks on Oct. 27, according to people familiar with the matter.

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The life and death of a very special gold rush – by Ellsworth Dickson (Resource World – (September 2021)

https://resourceworld.com/

In the early days, Canada’s most western province, British Columbia, was built on gold. While there were the famous gold rushes of the Fraser River in 1858 and Barkerville in 1862, there is one gold rush that stands apart from the rest – the Granite Creek gold rush near Princeton, southwest B.C.

What make Granite Creek different is that besides gold, there are also platinum nuggets – one of only two places in the world – the other being the Amur River in Russia.

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North Shore palladium mine developer picks engineer for processing plant – by Staff (Northern Ontario Business – October 14, 2021)

https://www.northernontariobusiness.com/

Generation Mining, the developers of a proposed palladium near Marathon, has selected Wood PLC to handle the project’s engineering work. The global consulting and engineering company was awarded the contract to do the processing plant engineering and the equipment procurement for the Marathon palladium-copper project in northwestern Ontario.

In an Oct. 13 news release, Gen Mining said the goal over the next few months is get 75 per cent of the engineering work completed by the time construction starts. Early ground preparation work is tentatively anticipated sometime in the second half of next year.

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Silver, PGM Snapshot: Eight companies with an eye for precious white metal – by Marilyn Scales (Northern Miner – September 29, 2021)

https://www.northernminer.com/

Not all that glitters is gold. Sometimes it’s silver, platinum and palladium. The Northern Miner takes a look at eight companies active in the space.

Bayhorse Silver (TSXV: BHS; US-OTC: KXPLF) is the 100% owner of the past-producing Bayhorse silver mine 14 km from Huntington, Oregon in the United States. The company spent US$7.5 million to return it to production in 2018 and the company poured its first silver bar in February 2019. Because there is no mill on the site, the operation has a small environmental footprint.

The property has a known mineralized zone that was historically estimated to be 255 metres long, 25 metres wide, and 6.7 metres thick. It was previously estimated (not 43-101 compliant) to contain 150,000 tonnes of mineralization grading 585 to 690 grams silver per tonne, including a 30,000-tonne zone of rhyolite that has returned grades as high as 10,793 grams silver per tonne.

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Marathon campaigns for local palladium mine project – by Ian Ross (Northern Ontario Business – September 13, 2021)

https://www.northernontariobusiness.com/

The Town of Marathon is out to make a good impression. A proposed open-pit palladium mine project is undergoing scrutiny through an environmental assessment (EA) process this fall and the north shore community of 3,300 is determined to show its support for the mining industry.

A government-appointed environmental review panel is scheduled to arrive in Marathon this week for a site visit. Marathon Mayor Rick Dumas said when they do they’ll see lawn signs displaying Marathon Supports Mining and other demonstrations of support for Generation Mining and its Marathon Project.

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The Drift: The hunt for gold, palladium drives exploration frenzy around Sudbury (Northern Ontario Business – August 25, 2021)

https://www.northernontariobusiness.com/

From River Valley to Massey, junior miners eye old mine sites and underexplored areas in the search for ‘green’ and precious metals

The periphery of the Sudbury basin is proving to be favourable exploration ground for junior mining companies on the hunt for gold and the ‘green’ metals needed to drive the global clean energy movement.

One of the area’s most advanced projects is 100 kilometres east of Sudbury where New Age Metals expects to release a prefeasibility study early next year for a proposed open-pit mine.

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Platinum Slumps to Seven-Month Low as Virus Spread Saps Demand – by Ranjeetha Pakiam (Bloomberg News – August 5, 2021)

https://www.bnnbloomberg.ca/

(Bloomberg) — Platinum dropped to a seven-month low as the spread of the coronavirus dents the outlook for industrial commodities, while a Federal Reserve official indicated the central bank is on course to taper stimulus.

The metal used in catalytic converters fell for a third day as the spread of the delta strain punctures the narrative of a rapid global recovery. China is facing a growing outbreak that’s prompted analysts to review economic growth projections, while case numbers are climbing from Tokyo to Sydney and in parts of the U.S.

Platinum has tumbled more than 20% from this year’s peak in February as a computer-chip shortage curbed auto production, and increasing electric-car sales cloud the medium-to-long term consumption outlook.

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Mining the Northwest: Generation Mining plots the path forward in Marathon – by Staff (Northern Ontario Business – August 3, 2021)

https://www.northernontariobusiness.com/

Toronto mine developer looks to raise $665M to build North Shore open-pit palladium, copper mine

The wheels are beginning to turn in planning the development of an open-pit palladium and copper mine outside the town of Marathon.

Toronto’s Generation Mining had been holding off revealing its plans until its joint venture partner, South Africa’s Sibanye-Stillwater, decided not to buy back into the mining project it had optioned to Gen Mining two summers ago.

Since appearing on the North Shore of Lake Superior in 2019, Generation has been on an aggressive exploration and development track at Marathon. And it appears nothing has changed based on their upcoming plans over the next few months, as outlined in a web call that company management delivered to investors on July 27. Generation now holds an 81 per cent controlling interest in the project.

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