Lomiko Metals To Close Second Tranche Of Financing

Lomiko Metals Inc. (“Lomiko”) (TSXV:LMR) announces it has received conditional approval from the TSXVenture Exchange and now will close a 2nd tranche and issue:

5,330,143 units at 14 cents for gross proceeds of $746,220.02. Each unit will comprise one common share and one share purchase warrant, with each whole warrant exercisable into one common share at a price of 20 cents for a period of two years from closing;
645,000 units at 16 cents for gross proceeds of $103,200. Each unit will comprised one flow-through common share and one-half share purchase warrant, with each whole warrant exercisable into one common share at a price of 26 cents for a period of two years from closing.

All securities will be subject to a four-month plus one day hold period from the closing. The issuance of the securities is subject to the final approval of the TSX-V.

Proceeds of the private placement will be used to complete further drilling at the La Loutre Property in the Refractory Zone in order to define a resource in compliance with 43-101 and for working capital.

For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email

at: info@lomiko.com.



Signed: “A. Paul Gill”

Paul Gill,

President and Chief Executive Officer

We seek safe harbor. 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 release.

Click here to connect with Lomiko Metals Inc. (TSXV:LMR)  to receive an Investor Presentation.

The post Lomiko Metals To Close Second Tranche Of Financing appeared first on Investing News Network.

Continue Reading

Enforcer Gold Corp CEO Steve Roebuck discusses recent drill results in SmallCapPower interview

Enforcer Gold (TSXV:VEIN) CEO Steve Roebuck was recently interviewed by SmallCapPower during the Mines & Money Americas 2017 conference. During the interview, Roebuck provided an overview of the company and its project in the Abitibi Greenstone belt in Quebec, which has seen approximately 180 million ounces of gold mined. The property is easily accessible by roads and is supported by Hydro Quebec power lines. The company has conducted a number of exploration initiatives, including the recent drilling of 30 holes. While the current drilling season is almost over, Enforcer Gold will look to conduct a more targeted drilling program in early 2018. Enforcer Gold is one of the only exploration companies in its region and its long-term goals are to develop value on the property and make a compelling case for a major company to take it on in the future. To watch the full interview, click here. Click here … Continue reading

VIDEO Round-Up: New Orleans Investment Conference

Held every year for over four decades, the New Orleans Investment Conference is an opportunity for investors to further their knowledge of the trends driving US and global markets. This year’s event ran from October 25 to 28, and featured dozens of speakers and exhibiting companies. Gold featured prominently in discussions, but many other topics came up as well, including other metals and commodities, cryptocurrencies and more. If you weren’t able to make it to the show, don’t worry. We’ve put together a recap of the four-day event, and below we’ve gathered all of the video interviews we conducted with speakers at the show. Scroll down to get a taste of what happened. table.inline-text-ad { border-left: none; border-right: none; } .inline-text-ad h1 { font-size: 18px !important; font-weight: bold !important; } .inline-text-ad p { font-size: 1.0rem; } Gold Outlook Report – Late 2017! Your free report includes: 10+ Stocks to buy Expert insights Market forecasts Give … Continue reading

CHAR Technologies Announces LOI For Acquisition of The Altech Group and Private Placement to Support Advanced Biomass Fuel

CHAR Technologies (TSXV:YES) has announced it has signed a non-binding letter of intent to acquire Altech Group. As quoted in the press release: Founded in 1986, Altech has 12 employees and a diverse and stable client base. Under the terms of the LOI, CHAR would acquire all issued equity in Altech. Altech shareholders would receive $950,000 in common shares of CHAR, with the number of common shares anticipated to be determined using the 30-day volume weighted average price of the CHAR common shares prior to November 17th, 2017, as well as $150,000 in cash. In connection with closing, CHAR will institute an employee retention plan where current non-shareholder Altech employees will be issued an aggregate of $100,000 of common shares (the “Equity Grant“) at a price determined in accordance with the policies of the TSXV over a period of 13 months with any unvested grants to terminate should the relevant … Continue reading

Dajin Reviews LSC Lithium Progress in Salinas Grandes and Enirgi Group’s Demonstration Plant, Argentina

Dajin Resources Corp. (“Dajin”) (TSXV:DJI) (OTC:DJIFF) (Germany: C2U1) is pleased to provide its shareholders and interested investors an update regarding the recent visit to Germany and Argentina by Dajin Director and Chief Operating Officer, Dr. Catherine Hickson. Following the successful participation of Dajin in the International Precious Metals and Commodities show held in Munich, Germany, November 2nd and 3rd, Dr. Hickson travelled on to Argentina. There she visited the new offices of LSC Lithium Corporation (LSC, TSX-V: LSC) in Salta and met with Carlos Galli, Chief Operating Officer. Dajin, through Dajin S.A. is partnered with LSC Lithium Corporation who has agreed to spend $2,000,000 to earn a 51% interest in Dajin S.A.’s land holdings. These mineral concessions exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes/Guayatayoc salt lakes basins (salar). Galli and Hickson, along with Dajin S.A. Director Cosme Beccar Varela, discussed the upcoming plans for … Continue reading

EV Makers “Not Doing Enough” to Tackle Human Rights Abuses in Cobalt Supply Chains

Industry giants, including major electric carmakers, are failing to tackle human rights abuses in their cobalt supply chains, Amnesty International warns in its latest report, released on Wednesday (November 15). The report comes two years after Amnesty exposed a link between child labor in the Democratic Republic of Congo (DRC) and the battery supply chains of leading EV and electronics companies such as Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TSLA). In “Time to Recharge,” Amnesty ranks 29 companies on how well they have been tracking their cobalt sources since its first report was released. Demand for cobalt, a key element in the lithium-ion batteries used to power EVs, is expected to soar in the coming decades as sales of EVs surge. table.inline-text-ad { border-left: none; border-right: none; } .inline-text-ad h1 { font-size: 18px !important; font-weight: bold !important; } .inline-text-ad p { font-size: 1.0rem; } “Do you want to invest in cobalt – … Continue reading

VIDEO — Thom Calandra: Favorite Lithium, Graphite and Uranium Stocks

Thom Calandra of the Calandra Report follows a wide variety of commodities, and at the recent New Orleans Investment Conference he took the time to discuss the lithium, graphite and uranium sectors. Despite the excitement surrounding the lithium sector, Calandra has just one lithium stock in his portfolio: Nemaska Lithium (TSX:NMX). “It’s at an all-time high right now, and it’s a producer,” he said, adding, “Guy Bourassa is doing a great job running that company with a lot of integrity and economically.” Graphite has received less attention in recent years, but Calandra said that good companies in the space have started to see their share prices move. He mentioned a couple he’s looking at currently, and also touched on the beleaguered uranium market. “You can buy a deep-value company that has a billion or $2-billion market cap, like Ivanhoe Mines (TSX:IVN), which is $3 billion, but you can also buy some of these orphans that … Continue reading

Mkango and Talaxis Reach Deal to Develop Rare Earths Project

Mkango Resources’ (TSXV:MKA) share price closed up 166.67 percent on Thursday (November 16) after news of its deal with Talaxis reached the market. The company has entered into an agreement with Noble Group (SGX:CGP) subsidiary Talaxis to develop its Songwe Hill rare earths project in Malawi. Under the agreement, Talaxis will fund a bankable feasibility study in return for a 49-percent interest in the project. Talaxis will also have the option to acquire another 26-percent stake by arranging further funding to develop the project. In addition, Talaxis can acquire a 49-percent interest in a new venture established by Mkango focused on neodymium powders and magnets, including Mkango’s collaboration with Metalysis. After those project investments are completed, Mkango will retain a 25-percent stake in Songwe, free carried to production, and a 51-percent in interest in the new venture. table.inline-text-ad { border-left: none; border-right: none; } .inline-text-ad h1 { font-size: 18px !important; font-weight: bold !important; } .inline-text-ad p { … Continue reading

eXeBlock Begins Trading on the CSE

The Canadian blockchain industry just got a little bigger. On Wednesday (November 15), the Canadian Securities Exchange approved the listing of the common shares of eXeBlock Technology (CSE:XBLK), one of the first Canadian public companies that is focused on developing disruptive decentralized technologies through blockchain technology.  By Thursday (November 16), the company had officially begun trading its shares on the CSE. With headquarters in Nova Scotia, eXeBlock’s services include blockchain technology consulting, blockchain application development, and custom blockchain development. table.inline-text-ad { border-left: none; border-right: none; } .inline-text-ad h1 { font-size: 18px !important; font-weight: bold !important; } .inline-text-ad p { font-size: 1.0rem; } Tech Forecast and Promising Tech Stocks To Buy in 2017 Learn about breakthrough technology about to impact lives around the globe. We cover the entire industry in our FREE investor’s report. Gain Access Back in August, 1040433 B.C. Ltd had entered into a letter of intent to acquire … Continue reading

7 US Biofuel Stocks

While the growth of biofuels exceed 20 percent per year between 2001- and 2010, it’s been an industry that has struggled recently, with production dropping by roughly four percent over the last five years, according to the World Bank’s October 2017 report. Still–all hope is not lost for the sector, particularly in the United States. In October, for example, the US Environmental Protection Agency (EPA) relinquished its proposed changes to the US’ biofuels policy, Reuters reported, following “backlash from corn-state lawmakers” expressing concern that the changes would undermine ethanol demand. On that note, Technavio analysts have projected that the global biofuels market will rise at a compound annual growth rate of nearly six percent by 2020. The report states that “the uncertainty in global fuel prices, energy security, and the constantly rising emission levels have resulted in the growing interest towards alternate fuels.” table.inline-text-ad { border-left: none; border-right: none; } … Continue reading