Deer Horn Capital Inc.: Demand for Critical Minerals on the Rise with Increasing Applications for Cleantech and Carbon Reduction, says US Geological Survey

Deer Horn Capital (CSE:DHC) (OTCBB: GODYF) (or “Deer Horn”) announces that the US Department of the Interior/US Geological Survey (USGS), in its latest report on Characterization and Identification of Critical Mineral Resources, has reported:

Deer Horn Capital (CSE:DHC) (OTCBB: GODYF) (or “Deer Horn”) announces that the US Department of the Interior/US Geological Survey (USGS), in its latest report on Characterization and Identification of Critical Mineral Resources, has reported:

“Global demand for critical mineral commodities is on the rise with increasing applications in consumer products, computers, automobiles, aircraft, and other advanced technology products.” Much of this demand growth, says the agency, “…is driven by new technologies that increase energy efficiency and decrease reliance on fossil fuels.”

“We have been following this trend for several years,” said Deer Horn President and CEO Tyrone Docherty. “We know that the global effort to reduce carbon emissions will require enormous amounts of critical minerals, which is why we have made it our mission to explore for and develop economic sources of these metals. Not only is the demand increasing, Deer Horn can be part of the solution for climate change in supplying them.”

Dependable supplies of critical minerals are considered essential to the U.S. economy and security. Last year the Department of the Interior, through the USGS, published its latest list of 35 critical minerals. These are minerals the U.S. Government identifies as having a supply chain vulnerable to disruption and that serve an essential function in the manufacturing of a product, “…the absence of which would have significant consequences for the economy or national security.”

Docherty noted that, “According to our recently-updated NI 43-101 Preliminary Economic Assessment (PEA), the Deer Horn Property in west-central British Columbia contains at least three of the minerals designated by the USGS as ‘critical’ – tellurium, tungsten and bismuth. The property also contains silver and copper, both essential for solar power.”

Tellurium (Te) is key to this mix at Deer Horn. The blog Critical Metals reports that, “With solar energy growing exponentially, the supply of Te is becoming an issue of concern. The U.S. (and indeed the world) gets most of its Te as a by-product of copper refining.”

The USGS reports that approximately 85% of global tellurium is derived through a copper recovery process called electrolytic refining. To increase copper recovery from low-grade deposits, there is currently a shift in the copper production mode from electrolytic refining to solvent extraction-electrowinning (SX-EW) and copper recycling, neither of which produces tellurium as a byproduct.

In a supporting study, the U.S. Department of the Interior noted that tellurium is currently recovered as a primary resource from only two locations in the world. Critical Metals identifies these sources as “The Kankberg Mine in Västerbotten County, Sweden, which produces about 10% of the world’s tellurium, and the Dashuigou and Majiagou mines in China, which together produce from 2% to 7% of the world’s tellurium.”

Noting this domestic threat to tellurium supplies, the USGS has emphasized, “It is imperative that we understand the enrichment processes of potential alternative sources of tellurium, such as epithermal gold deposits.”

In assessing known epithermal gold deposits with meaningful amounts of recoverable tellurium, the USGS has identified the Deer Horn property as one of North America’s key tellurium properties. In its 40-page report on Tellurium from the comprehensive Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply, the USGS states:

“The Deer Horn intermediate-sulfidation epithermal deposit in west-central British Columbia, Canada, contains high gold and silver grades with abundant base-metal sulfides and telluride minerals.”

The report also notes the high grades of tellurium achieved in Deer Horn drill results, with some “in the thousands of parts per million.”

According to Critical Metals, the USGS also included the Deer Horn property in its latest Professional Paper 1802-R on tellurium. “Most of these (epithermal deposits) contain gold,” says Critical Metals, “and would likely be mined for the gold first and Te second (or even third, if the deposit contains silver).”

Tellurium end users have expressed interest in the Deer Horn Property, noting that the gold and silver could greatly offset the cost of extracting the tellurium. The Deer Horn PEA notes that the indicated resource grades (using a 1 g/t cut-off) average 5.12 g/t Au, 157.5 g/t Ag and 160 ppm Te.

About Deer Horn Capital
Deer Horn Capital is committed to exploring for, and providing, strategic and critical metals vital to a low-carbon economy and for the advancement of technology. The Company’s leadership has a track record of project monetization with a board and advisory group that includes industry leaders in finance, mineral property development, geology, mineralogy, solar power, engineering, research and First Nations engagement and economic development.

On behalf of the board of directors of Deer Horn Capital Inc.

“Tyrone Docherty”
Tyrone Docherty
President and CEO

For further information please contact:

Tyrone Docherty

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.

Click here to connect with Deer Horn Capital (CSE:DHC) for an Investor Presentation.


Deerhorn Forecasts Growth in Tellurium Demand

Deer Horn  is a Canadian-based exploration and development company currently focused on developing the Deer Horn property, a site believed to be a rich gold and silver project with high tellurium grades. The property is located in west-central British Columbia.

Deer Horn Capital (CSE:DHC,OTCBB:GODYF) reports that recent market studies are forecasting steady growth in demand for tellurium over the next five years, while supplies may be declining due to changes in copper recovery and refining where most tellurium is produced.

Deer Horn is a Canadian-based exploration and development company currently focused on developing the Deer Horn property, a site believed to be a rich gold and silver project with high tellurium grades. The property is located in west-central British Columbia.

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The project, located in North-Central BC, is estimated to have a pre-tax net present value of C$56.6 million.

Canadian junior miner Deer Horn Capital (CSE:DHC) has released the results of a preliminary economic assessment (PEA) for its Deer Horn goldsilver-tellurium polymetallic project.

The asset, located in North-Central BC, is estimated to have a pre-tax NPV of C$56.6 million.

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Wondering about tellurium production by country? These four nations produced the most of the metal last year.

Tellurium is unknown to many investors, but the metal is rapidly growing in importance due to its use in solar panels. Thin-film solar cell production is the primary end use for tellurium, and is expected to drive demand in the years to come.
That said, the tellurium market is also highly dependant on copper, as more than 90 percent of tellurium is extracted as a by-product of copper mining and processing. For that reason, only small amounts of tellurium are produced annually. In fact, in 2016, world tellurium production by country was estimated to be just 400 metric tons (MT), the same amount as the previous year.
With that in mind, here’s a look at tellurium production by country in 2016, as reported by the US Geological Survey. It is worth noting that some producers, like Belgium and the US, do not publish output figures and therefore are not included in this ranking.

1. Russia

Production: 35 MT
Russia was the top tellurium-producing country in 2016, with its total output remaining the same as in 2015, at 35 MT.
Russian copper refiner Uralelektromed produces tellurium in the country as a by-product. Also, the Polar Division of Norilsk Nickel (MCX:GMKN), the world’s largest producer of nickel and palladium, produces significant amounts of tellurium.

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