Wednesday, August 10, 2022

#ExploringMining #Podcast 293 - News from (NYSE: $HBM) (NYSE: $EXK) (TSXV: $DV.V) (CSE: $PRUD.C)



 

#ExploringMining #Podcast 293 - News from (NYSE: $HBM) (NYSE: $EXK) (TSXV: $DV.V) (CSE: $PRUD.C)   

 

Vancouver, Kelowna, Delta, BC, August 10, 2022 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2022/081022-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2022/exploring-mining/08101HBM-EXK-DV-PRUD.asp

 

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Hudbay Minerals Inc. (NYSE:HBM) has announced its second quarter 2022 financial results. Highlights include the consolidated production of 25,668 tonnes of copper and 58,645 ounces of gold, and $165.6 million in cash generated from operating activities – an increase from $63.3 million in the first quarter of 2022. Peter Kukielski, the company’s President and CEO, said:

 

“Our operating performance was strong during the second quarter with higher consolidated copper and gold production and lower consolidated cash costs. This was a result of a continuous focus on operating efficiencies which has allowed us to reaffirm our production and operating cost guidance for 2022.”

 

Endeavour Silver Corp. (NYSE:EXK) has shared its financial and operating results for the three and six months ended June 30, 2022. Highlights include the production of 1,359,207 ounces of silver, 9,289 ounces of gold, and a revenue of $30.8 million from the sale of 602,894 ounces of silver and 9,792 ounces of gold. The company’s CEO, Dan Dickson, explained:

 

“We have continued to outperform our mine plans, by delivering an exceptional Q2 with production 15% above plan. This has prompted management to raise our production outlook for 2022 to 7.6 – 8.0 million silver equivalent ounces. The additional production has allowed us to maintain our cost guidance on per ounce metrics, but industry-wide inflation continues to be a challenge. We are seeing the largest inflationary impacts on energy costs, plant reagents and steel prices which are affecting both operating and development costs. Cost control will continue to be a key focus as cost pressures are expected to continue for the remainder of the year.”

 

Dolly Varden Silver Corporation (TSXV:DV) has announced results from drilling at the Kitsol Vein near the historic Torbrit Mine on the company's property in northwest British Columbia, Canada. Highlights from drill hole DV22-283 include 50.18m averaging 414 g/t Ag, 7.15m averaging 646 g/t Ag, 11.74m averaging 658 g/t Ag, and 5.34m averaging 801 g/t Ag. The company’s President and CEO, Shawn Khunkhun, said:

 

"As one of the widest and highest grade drill holes on the Dolly Varden Property, we will be prioritizing additional step out drilling at the Kitsol Vein area. We are targeting potentially underground bulk-mineable mineralization and this certainly meets our criteria. In addition to the ongoing drilling at priority exploration targets including the Wolf Mine and at Homestake Ridge, we are thrilled with these results and look forward to receiving additional assays soon.”

 

Prudent Minerals Corp. (CSE:PRUD) has entered into an interim agreement to acquire 100 percent of the shares of Berlin Precious Metals Corp., including the latter’s ABE Gold Project in Colombia. According to the press release, the ABE Project comprises “five concession applications covering 4,512ha, and a 110ha mining concession that covers the Purimac gold mine.”

 

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

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#REE #Stock News - Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) updates ongoing diamond drilling at its Wicheeda Rare Earth Element deposit; @defensemetals

#REE #Stock News - Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF) updates ongoing diamond drilling at its Wicheeda Rare Earth Element deposit; @defensemetals

 

Vancouver, British Columbia – August 10, 2022Investorideas.com Newswire, Mining/Metals/ Green Energy Stock news-  Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to provide an update for its ongoing diamond drilling at its Wicheeda Rare Earth Element (REE) deposit. The 2022 resource infill and exploration diamond drill campaign is now complete and pit slope geotechnical drilling underway.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2022/mining/08101DEFN-Diamond-Drilling.asp

 

A total of 12 diamond drill holes totalling over 3,500 metres have been drilled to date within the northern and central areas of the Wicheeda REE Deposit preliminary economic assessment (PEA) mine plan ultimate pit area, with initial assays results from the earliest drill holes expected during September or October 2022. 

 

All materials, instrumentation, and technical personnel have now been mobilized to site to commence geotechnical drilling for the purpose of open pit slope design optimization. A total of 5 geotechnical drill holes targeting the north, west, south, and east high walls of the Wicheeda PEA mine plan ultimate pit are planned (Figure 1). Data collection will include oriented drill core, field point load and laboratory-based intact rock and discontinuity strength testing, vibrating wire piezometer, and standpipe piezometer installation for hydrogeological investigations.

 

Kristopher Raffle, P.Geo., Director and QP of Defense Metals commented: “Defense Metals is very pleased with the progress of the 2022 infill and exploration drilling to date, and we look forward to gathering important pit slope geotechnical data to support future Wicheeda REE Deposit advanced economic studies.”

 

Management Site Visit

Concurrent with the commencement of geotechnical investigations Defense Metals’ management has arranged for a Wicheeda field visit during the week of August 15, 2022, to accompany strategic interested parties and capital market analysts.

 

About the Wicheeda REE Property

The 100% owned 4,244-hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is near infrastructure, including power transmission lines, the CN railway, and major highways.

 

The Wicheeda REE Project yielded a robust 2021 PEA that demonstrated an after-tax net present value (NPV@8%) of $517 million, and 18% IRR[1]. A unique advantage of the Wicheeda REE Project is the production of a saleable high-grade flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life producing and average of 25,423 tonnes REO annually. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein. 

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

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 news release.

 

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forwardlooking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, drill results including anticipated timeline of such results/assays, the Company’s plans for its Wicheeda REE Project, expanded resource and scale of expanded resource, expected results and outcomes, Wicheeda site visit and expected outcomes, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.comWhile such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations),  risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, 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 relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring Defense Metals Corp. is a paid for service  on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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[1] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR (www.sedar.com).

Tuesday, August 09, 2022

#CryptoCorner #Podcast 872: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqCM: $CLSK)

 



 

 

#CryptoCorner #Podcast 872: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqCM: $CLSK)

 

Commentary on BTC from BitBull Capital CEO Joe DiPasquale, Marathon Reports Q2 Results, and CleanSpark Acquires Mining Facility in Georgia

 

Vancouver, Kelowna, Delta, BC August 9, 2022 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2022/080922-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/08091MARA-CLSK.asp

 

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Stocks discussed: (NasdaqCM:MARA) (NasdaqCM:CLSK)

 

According to data from CoinMarketCap, Bitcoin (BTC) is trading for about $23,000 USD at press time. Joe DiPasquale, CEO of BitBull Capital, has provided commentary to Investorideas.com regarding Bitcoin’s price and its possible indications:

 

“In line with our comments last week, BTC's rally failed to materialize into a sustained trend and the market leader was largely range bound between $23,000 - $22,000. However, the resilience on display should inspire confidence among market bulls.

 

From a technical analysis perspective, the range between $20,000 - $22,000 is an important support zone right now. While the possibility of a retest of this zone can't be ruled out, any breakdown below this is likely to result in further downside toward recent lows. On the flipside, a breakout above $25,000 could see BTC moving very quickly toward the $29,000 - $30,000 resistance.”

 

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has reported its financial and operational results for the second quarter ended June 30, 2022. Highlights include the production of 707 BTC – increasing the firm’s total Bitcoin holdings to 10,055 BTC as of the month’s end, and a net loss of $191.6 million – in line with Bitcoin’s own decline in price over the period. Fred Thiel, Marathon’s Chairman and CEO, explained:

 

“Energization delays, maintenance and weather issues in Montana, and an approximately 56% decline in the price of bitcoin during the quarter, severely impacted our bitcoin production and financial results. These items reduced our revenues, caused us to record a $127.6 million impairment on our bitcoin holdings, and decreased the fair market value of our investment fund by $79.7 million. However, given the groundwork we laid during the quarter and the progress we have made since, we are optimistic that Marathon’s operational and financial positioning is improving.”

 

CleanSpark, Inc. (NasdaqCM:CLSK) has entered into a definitive agreement to acquire an active Bitcoin mining facility located in Washington, Georgia, for $16.2 million. Additionally, the company has  purchased approximately 3,400 of the latest generation Antminer S19 series of machines for roughly $8.9 million, which are already operating at the acquired site. Zach Bradford, CleanSpark’s CEO, said:

 

“The market has been preparing all summer for consolidation, and we are pleased to be on the acquiring side. Our focus on sustainability and maximizing value for our stakeholders have put us in a unique position to take advantage of the unprecedented opportunities that the current market has created. We are especially excited to be working with the citizens of Washington, GA, who have been so welcoming to us. We look forward to maintaining and growing jobs and infrastructure at our new campus in Washington.”

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

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Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

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