- Authier Lithium Royalty -
Sayona Mining (ASX: SYA) is working on a scoping study to produce spodumene concentrate, stating that they are targeting a start in 2023 by refurbishing the North American Lithium ("NAL") mine and integrating it with theAuthier project. Sayona recently completed a 25 hole, 3,908 meter drill program to expand resources atAuthier . Promising results from this program include drill hole AL–21–14, located some 250 meters west of theAuthier deposit and potential open pit, returned a spodumene intersection assaying 9 meters @ 1.46% Li2O. - Graphmada Graphite Royalty –
Greenwing Resources (ASX: GW1) is currently undertaking a 3,000 meter drill program to further increase the size of the Graphmada deposit and to progress studies aimed at restarting large scale mining and processing operations. - Cancet Lithium Royalty –
Winsome Resources (ASX: WR1) completed an IPO in November and completed anA$18 million financing to advance the Cancet lithium project in 2022. - Seymour Lake Lithium Royalty –
Green Technology Metals (ASX: GT1) which signed a joint venture agreement to advance theSeymour Lake project earlier this year, completed anA$24 million capital raise and IPO in November and are well funded to advance the asset.Green Technology Metals is currently undertaking a step-out 11 hole, 3,500 meter diamond drilling program atSeymour Lake . Bissett Creek Graphite Royalty –Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) announced the acquisition of two producing graphite mines which will help support offtake and funding negotiations atBissett Creek in 2022.Northern Graphite also continued to demonstrate excellent performance of itsBissett Creek concentrate in battery testing in November.- Battery Hill Manganese Royalty –
Manganese X Energy (TSXV: MN) continues to improve processing of high grade battery manganese critical for EV / stored energy markets in support of a preliminary economic assessment ("PEA") which is currently underway.
"It's been a tremendous year overall with a heavy weighting towards lithium within our current portfolio and lithium prices up substantially this year. We anticipate major catalysts across most of our portfolio in 2022 so despite the robust asset advancement we've seen in 2021, we're expecting 2022 to be even more exciting. Since September, operators of the projects on which we hold royalties have raised over
Authier Lithium Royalty – 0.5% of Gross Revenue
Sayona Mining Limited ("Sayona") (ASX: SAY) announced as part of its quarterly update that the integration of NAL with
In addition, Sayona released drilling results at the
- A 25–hole, 3,908 meter diamond drill program was undertaken with the results of the first 22 holes received. Drilling was conducted by Les Forages Pikogan, a company owned by the local First Nations community, demonstrating Sayona's commitment to the First Nations community.
- Drill hole AL–21–14, located 250 meters west of the
Authier deposit and potential open pit, returned spodumene pegmatites assaying 9 meters @ 1.46% Li2O from 144.9 meters depth. Three additional holes have been completed to infill this new area of mineralisation, with assay results pending. - Follow up drilling at
Authier will be planned after the receipt of assay results, with priority work including updated resource estimates, updated definitive feasibility study and integration of the new data with Sayona's Abitibi lithium hub.
Graphmada Graphite Royalty – 2.5% of Gross Concentrate Revenue
- An augur program of 180 holes (2,042 meters) at the
Ambatofafana Zone has extended the strike of the Graphmada deposit to the southern end of the mining leases. - A 3,000 meter diamond drilling program will commence this month with the aim to further increase the extent of the known mineralisation at the project.
- The ongoing expansion at Graphmada together with the history of production of high quality graphite concentrates positions Greenwing to rapidly progress the planning and development of the project. The company states that given the history of production at Graphmada, coupled with recent deposit expansion, they are positioned to rapidly progress studies contemplating a future throughput of up to 40,000 tonnes per annum production of large flake, clean concentrate suitable for sale to the growing green energy and advanced materials markets.
Cancet Lithium Royalty – 1% of Net Smelter Revenue
Seymour Lake Lithium Royalty – 1.5% of Net Smelter Revenue
In addition, Green Technology has announced that a step-out, 11-hole, 3,500 meter diamond drilling program at Seymour is to commence in the coming weeks and the program is targeting a substantial increase in the extent of the existing deposit (see Green Technology news release dated
Battery Hill Manganese Royalty – 2% of Gross Revenue
Kemetco Research has completed a major milestone for Battery Hill with the delivery of a complete process flowsheet. Locked-cycle testing has been initiated to confirm the high projected recovery rate of leached manganese into a high purity manganese sulphate monohydrate (HPMSM) product.- Subsequent testing has focused on an innovative purification process to maximize recovery of the extracted manganese and to reduce costs and improve the environmental footprint.
About
Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to feed the electric revolution.
On Behalf of the Board of Directors,
CEO
Neither the
Cautionary Statements Regarding Forward-Looking Information and Other Company Information
This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests and the companies that own or operate said projects.
While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.
The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com and at otcmarkets.com.
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