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November 05, 2023
Elixir Energy Limited (“Elixir” or the “Company”) is pleased to announce the execution of an Information Sharing Agreement with Origin Energy (“Origin”) with respect to the upcoming Daydream- 2 well in its 100% owned Grandis Gas Project in Queensland.
HIGHLIGHTS
- Information Sharing Agreement executed with Origin Energy
- Origin to contribute $1M in non-dilutive funding for Daydream-2
- Data to be acquired for Origin’s overlapping GHG license
Origin is currently in the process of being awarded a Greenhouse Gas (“GHG”) license which overlaps Elixir’s ATP 2044 (see map below). This license facilitates Origin’s plans to investigate carbon capture and storage (“CCS”) in this area.
Elixir’s upcoming Daydream-2 well will intersect formations of potential interest for Origin’s CCS activities. The Information Sharing Agreement between Elixir and Origin therefore provides for:
- Elixir to gather information for Origin – which it would otherwise need to drill its own well to obtain.
- Origin to compensate Elixir for this by paying for all incremental costs in gathering this information.
- In addition, Origin will pay Elixir a further amount of $1M.
- Origin to have the option to enter into similar arrangements in up to five future wells Elixir will drill in ATP 2044.
Elixir’s Managing Director, Mr Neil Young, said: “We are very pleased to announce another non- dilutive source of finance for Daydream-2 (after the R&D tax credits that will come from the Federal Government). This innovative deal provides a great win/win/win for Elixir, Origin – and the State of Queensland – in that one well will provide sub-surface data that would otherwise require two wells. It is Elixir’s firm view that the co-location of natural gas and CCS (and renewables) – forming what Wood Mackenzie has dubbed “Energy Super Basins” - will increasingly form key areas of interest for global energy investors.”
Click here for the full ASX Release
This article includes content from Elixir Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
EXR:AU
8h
IEA: World Energy Investment to Hit US$3.3 Trillion in 2025
Despite geopolitical and macroeconomic headwinds, global energy investment is expected to rise to an unprecedented US$3.3 trillion in 2025, according to the International Energy Agency (IEA).
The bulk of that capital — US$2.2 trillion — will go to clean energy technologies, including renewables, grids, storage, nuclear and efficiency initiatives, signaling the accelerating dominance of the so-called “Age of Electricity.”
This marks a 2 percent real-term increase from 2024, and, more significantly, it reflects a decisive structural shift.
For the first time in history, global investment in electricity is set to more than double that of fossil fuels, which are expected to receive only US$1.1 trillion in total funding next year.
“Ten years ago, investments in fossil fuel supply were 30 percent higher than those for electricity generation, grids and storage,” the IEA notes in a new report. “Today, these positions are reversed.”
China, US and Europe lead the charge
The report identifies three geopolitical regions that have been chiefly responsible for the surge in clean energy investment over the past five years: China, Europe and the US.
China alone accounts for nearly one-third of global clean energy investment, up from one-quarter a decade ago.
The Asian nation's strategy is shaped by a mix of industrial policy, energy security concerns and a desire to lead in cleantech manufacturing. The IEA notes that Chinese solar panel exports to developing economies surged in early 2025, overtaking shipments to advanced economies. Pakistan, for instance, imported 19 gigawatts worth of solar panels from China in 2024 — about half of its grid-connected capacity.
Meanwhile, Europe has scrambled to accelerate renewable and efficiency spending following Russia’s 2022 invasion of Ukraine and the subsequent cut in natural gas deliveries.
The continent's response has focused heavily on electrification and energy independence.
In the US, the Inflation Reduction Act and other incentives have driven a near doubling of clean energy investment in the last decade. However, the IEA warns this momentum may plateau as federal support measures are scaled back.
Solar dominates, but grid investment lags
Solar power remains the world’s standout investment magnet.
Spending on photovoltaics (PV) — both utility scale and rooftop — is expected to reach US$450 billion in 2025, making it the largest single item in global energy investment.
This surge is being driven by plunging tech costs and intense supplier competition, particularly from Chinese firms.
Battery storage for the power sector is also gaining traction, with investment projected at US$66 billion. Yet despite these advances, a critical bottleneck remains: power grids.
“Maintaining electricity security amid rising electricity use requires a rapid increase in grid spending, moving towards parity with the amount spent on generation,” the IEA cautions.
At present, just US$400 billion is allocated annually to grid infrastructure — less than half of what goes to generation assets. Barriers include long permitting times, strained supply chains for transformers and cables and financial stress on utilities, especially in developing nations.
Fossil fuel investment slumps
Investment in upstream oil is set to fall by 6 percent in 2025, the first annual drop since the 2020 pandemic slump and the steepest since 2016. The IEA attributes this decline to softening oil prices and weaker investor sentiment.
Refining investment is also shrinking, set to hit its lowest point in a decade.
The US shale sector, once a barometer for oil market optimism, is expected to reduce spending by nearly 10 percent in 2025, although production may still inch upward due to cost cutting and recent consolidations.
On the other hand, natural gas investments are more resilient. Final investment decisions (FIDs) for gas-fired power generation have rebounded, with the US and Middle East accounting for nearly half of global FIDs.
Spending on LNG infrastructure is also on an upswing, fueled by major new projects in the US, Qatar and Canada. Between 2026 and 2028, the IEA projects some of the largest ever annual expansions in LNG export capacity.
Electrification and end-use efficiency rising
The global shift to electric vehicle (EVs), heat pumps and smart appliances is reshaping end-use energy investment, now expected to reach US$800 billion in 2025. EV adoption is a major factor in this rise, especially in China, where many EV models are now price competitive with traditional combustion engines.
Buildings investment, however, is being dragged down by a sluggish construction sector, particularly in China. This is partly offset by rising demand for efficient appliances and cooling systems amid global temperature increases.
Furthermore, the IEA notes that the cost of many clean technologies has resumed a downward trend.
The IEA’s Clean Energy Equipment Price Index hit a record low in early 2024, with solar and wind components from China seeing price drops of 60 and 50 percent, respectively, since 2022.
Yet inflation looms in other sectors. Grid material costs have nearly doubled in five years, and oil and gas upstream costs are forecast to rise 3 percent in 2025. US developers are facing additional cost pressures due to rising tariffs on imported steel and aluminum.
World not yet on track for COP28 goals
Despite historic investment levels, the IEA warns that the world is still not on track to meet the tripling of renewable power capacity pledged at COP28. To reach those targets, annual investments in renewables must double, and efficiency and electrification spending must nearly triple within five years.
“Efforts to reduce the cost of capital need to be the cornerstone of the ‘Baku to Belem Roadmap’ launched at COP29,” the organization's report concludes, referencing a plan to mobilize at least US$1.3 trillion for low-emissions projects in developing economies by 2035.
With the world entering a new phase of electrification and energy transition, the IEA emphasizes that the challenge is no longer just innovation — but scale, equity and speed.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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17 June
LCO2 Design Milestone and Yinson Joint Venture
16 June
Source Rock Royalties Declares Monthly Dividend
Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on July 15, 2025 to shareholders of record on June 30, 2025.
This dividend is designated as an "eligible dividend" for Canadian income tax purposes.
About Source Rock Royalties Ltd.
Source Rock is a pure-play oil and gas royalty company with an existing portfolio of oil royalties in southeast Saskatchewan, central Alberta and west-central Saskatchewan. Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.
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 of this release.
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16 June
Alvopetro Announces Q2 2025 Dividend of US$0.10 Per Share and Reminder of Upcoming AGM
Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces that our Board of Directors has declared a quarterly dividend of US$0.10 per common share, payable in cash on July 15, 2025 to shareholders of record at the close of business on June 30, 2025. This dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Dividend payments to non-residents of Canada will be subject to withholding taxes at the Canadian statutory rate of 25%. Shareholders may be entitled to a reduced withholding tax rate under a tax treaty between their country of residence and Canada. For further information, see Alvopetro's website at https://alvopetro.com/Dividends-Non-resident-Shareholders.
Annual General Meeting
Alvopetro's annual general and special meeting (the "Meeting") will be held on Wednesday, June 18, 2025 at the offices of Torys LLP (Suite 4600, 525 8th Avenue SW, Calgary, Alberta) beginning at 9:30 a.m. Mountain time. All interested parties are invited to attend the Meeting, however only registered shareholders of record at the close of business on May 5, 2025 and duly appointed proxyholders will be entitled to vote at the Meeting.
We will also be broadcasting the meeting via live webcast for the interest of all shareholders. Please be advised that shareholders will not be able to vote any shares through this webcast format. Details for joining the event are as follows:
DATE: June 18, 2025
TIME: 9:30 AM Mountain/11:30 AM Eastern
LINK:https://us06web.zoom.us/j/89512204386
DIAL-IN NUMBERS: https://us06web.zoom.us/u/kenh5nLlte
WEBINAR ID: 895 1220 4386
Corporate Presentation
Alvopetro's updated corporate presentation is available on our website at: http://www.alvopetro.com/corporate-presentation.
Social Media
Follow Alvopetro on our social media channels at the following links:
Twitter - https://twitter.com/AlvopetroEnergy
Instagram - https://www.instagram.com/alvopetro/
LinkedIn - https://www.linkedin.com/company/alvopetro-energy-ltd
Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro's organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.
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.
All amounts contained in this new release are in United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted.
Forward-Looking Statements and Cautionary Language
This news release contains forward-looking information within the meaning of applicable securities laws. The use of any of the words "will", "expect", "intend", "plan", "may", "believe", "estimate", "forecast", "anticipate", "should" and other similar words or expressions are intended to identify forward-looking information. Forward–looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events. Accordingly, when relying on forward-looking statements to make decisions, Alvopetro cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. More particularly and without limitation, this news release contains forward-looking information concerning the Company's dividends, plans for dividends in the future, the timing and amount of such dividends and the expected tax treatment thereof. Forward-looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to the success of future drilling, completion, testing, recompletion and development activities and the timing of such activities, the performance of producing wells and reservoirs, well development and operating performance, expectations and assumptions concerning the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulations relating to hydraulic fracturing and stimulation, the ability to monetize hydrocarbons discovered, the outlook for commodity markets and ability to access capital markets, foreign exchange rates, the outcome of any disputes, the outcome of redeterminations, general economic and business conditions, forecasted demand for oil and natural gas, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, and the regulatory and legal environment and other risks associated with oil and gas operations. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Current and forecasted natural gas nominations are subject to change on a daily basis and such changes may be material. In addition, the declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. Although we believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because we can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, reliance on industry partners, availability of equipment and personnel, uncertainty surrounding timing for drilling and completion activities resulting from weather and other factors, changes in applicable regulatory regimes and health, safety and environmental risks), commodity price and foreign exchange rate fluctuations, market uncertainty associated with trade or tariff disputes, and general economic conditions. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Although Alvopetro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Alvopetro can give no assurance that it will prove to be correct. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on factors that could affect the operations or financial results of Alvopetro are included in our AIF which may be accessed on Alvopetro's SEDAR+ profile at www.sedarplus.ca. The forward-looking information contained in this news release is made as of the date hereof and Alvopetro undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
www.alvopetro.com
TSX-V: ALV, OTCQX: ALVOF
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11 June
Jupiter Energy Eyes Production Growth, Profitability with Kazakhstan AIX Listing
Jupiter Energy (ASX:JPR) Chairman Geoff Gander discusses his company’s listing on the Astana International Exchange (AIX), Kazakhstan’s largest stock exchange, in a bid to raise US$5 million and increase productivity to 1,000 barrels of oil per day at the Akkar East field.
06 June
Top 5 Canadian Mining Stocks This Week: Africa Energy Jumps 275 Percent
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.
Statistics Canada released its May labor force survey on Friday (June 6).
The data shows that nearly 9,000 new jobs were added to the workforce during the month. The news surprised analysts who were expecting losses of 12,500 as the effects of US trade tariffs began to be felt in the Canadian economy.
The biggest contributors to the gains were 43,000 new workers added in wholesale and retail trade; 19,000 new jobs in the information, culture and recreation category; and 12,000 new employees within the real estate and finance sector.
While these additions were significant, they were offset by the loss of 32,000 jobs in the public administration sector, as well as a decline of 16,000 workers in both the accommodation and food services sector and the transportation and warehousing sector. Additionally, 15,000 jobs were lost in the business, building and support services sector. Despite the net job gains, unemployment registered a 0.1 percent gain to 7 percent, while the employment rate was stable at 60.8 percent.
Also this week, StatsCan released its 2023 mineral production survey on Wednesday (June 4). The report shows that total revenues for metal ore mining and non-metallic mineral mining and quarrying industry groups in 2023 decreased by 9.3 percent to C$59.7 billion year-over-year. Meanwhile, expenses rose by 8.6 percent to C$43.2 billion during the same period.
South of the border, the US Bureau of Labor Statistics released May's employment situation summary on Friday. The report shows that the US labor market remained stable for the month, adding 139,000 nonfarm workers. The report also indicates that unemployment remained unchanged at 4.2 percent, while the participation rate decreased by 0.2 percent to 62.4 percent.
The largest gains were felt in the healthcare sector, which accounted for roughly half of the new jobs at 62,000, while the hospitality sector came in second with 48,000 new jobs. However, the economy was impacted by the loss of an additional 22,000 federal government employees, bringing the total number of federal job losses for the year to 59,000.
Human resources tech company ADP (NASDAQ:ADP) reported that US private sector employers added 37,000 new jobs in May, the lowest level since March 2023. This growth was wholly concentrated in mid-sized companies, with small and large establishments losing jobs. The natural resources and mining industry lost 5,000 jobs over the period.
Additionally, platinum prices have been on the rise over the last two weeks, highlighted by an over 10 percent surge during the past five days to US$1,168.45 per ounce on Friday. Increased interest in precious metals, high investment demand from China and a large supply shortfall in Q1 are some of the drivers of the metal's gains.
Other news that may affect the platinum market is the cancellation of EV tax credits proposed in the US tax bill working its way through Congress, as well as infighting between Tesla (NASDAQ:TSLA) CEO Elon Musk and US President Donald Trump following Musk’s departure from the Trump administration. The threat has sent ripples through the automotive sector and may cause increased demand on an already stressed platinum market.
Markets and commodities react
In Canada, major indexes were positive at the end of the week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) climbed 0.93 percent during the week to close at 26,429.13 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) had a larger gain of 3.06 percent to 721.60 and the CSE Composite Index (CSE:CSECOMP) rose 1.7 percent to 117.55.
US equities were also in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 1.76 percent to close at 6,000.37, the Nasdaq-100 (INDEXNASDAQ:NDX) rising 2.31 percent to 21,761.79 and the Dow Jones Industrial Average (INDEXDJX:.DJI) adding 1.33 percent to 42,762.88.
The gold price was up this week, gaining 1.02 percent to close Friday at US$3,322.73. The silver price climbed substantially, surging 8.92 percent during the period to US$35.91, a 13 year high for the metal.
In base metals, the COMEX copper price rose 4.78 percent over the week to US$4.86 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a gain of 3.87 percent to close at 545.00.
Top Canadian mining stocks this week
How did mining stocks perform against this backdrop?
Take a look at this week’s five best-performing Canadian mining stocks below.
Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.
1. Africa Energy (TSXV:AFE)
Weekly gain: 275 percent
Market cap: C$71.87 million
Share price: C$0.15
Africa Energy is a South Africa-focused oil and gas exploration and development company.
Its flagship asset is Block 11B/12B located approximately 175 kilometers off the south coast of South Africa. The block covers an area of 18,734 square kilometers and depths between 200 meters and 1,800 meters.
Africa Energy previously held a 4.9 percent stake in the project through its 49/51 joint venture with Arostyle Investments named Main Street 1549, which owned 10 percent of the asset.
The remaining partners were project operator TotalEnergies (NYSE:TTE) at 45 percent, Qatar Petroleum at 25 percent and CNR International (TSX:CNQ,NYSE:CNQ) at 20 percent.
Main Street 1549’s three partners announced plans to withdraw from the Block 11B/12B joint venture in July 2024, and discussions on restructuring the ownership had been underway since.
Shares in Africa Energy began surging May 29 after Africa Energy announced a definitive agreement for the new ownership structure of the Block 11B/12B asset.
Under the terms of the definitive agreement between Africa Energy and Arostyle Investments, Africa Energy will increase its ownership of Main Street from a 49 percent to 100 percent stake. Additionally, the withdrawing parties assigned 65 percent of their participating interest in Block 11B/12B to Main Street and 25 percent to Arostyle.
As a result, Africa Energy's stake in the asset increased from 4.9 percent to 75 percent.
2. Allegiant Gold (TSXV:AUAU)
Weekly gain: 95 percent
Market cap: C$17.24 million
Share price: C$0.39
Allegiant Gold is a gold exploration company working to advance several projects in Nevada, United States.
Its flagship Eastside project, located in Esmeralda County, consists of 973 unpatented lode mining claims covering 8,289 hectares. Nearly 70,000 meters of drilling has been carried out at the property since 2011.
A July 2021 resource estimate showed inferred quantities at the site of 1.09 million ounces of gold with an average grade of 0.55 g/t and 8.7 million ounces of silver with an average grade of 4.4 g/t from 61.73 million tons of ore.
Allegiant announced its most recent news on May 29, when it stated that its previously announced one-for-two share consolidation would take effect on June 2, this past Monday. Following the consolidation, its share price rose through the remainder of the week.
3. LaFleur Minerals (CSE:LFLR)
Weekly gain: 89.66 percent
Market cap: C$17.15 million
Share price: C$0.275
LaFleur Minerals is advancing a pair of projects in the Abitibi gold belt of Québec, Canada. Its Swanson gold project consists of a 15,290 hectare land package in the southern portion of Québec’s Abitibi gold belt. Historic drilling at the site, which covered 958 holes, revealed broad mineralization with widths of up to 40 meters.
A September 2024 resource estimate suggested total indicated resources of 123,400 ounces of gold from 2.11 million metric tons of ore with an average grade of 1.8 grams per metric ton (g/t) along with inferred resources of 64,500 g/t from 872,000 metric tons with an average grade of 2.3 g/t.
The company’s other property is the past-producing and fully permitted Beacon mill and mine in Val-d’Or, which LaFleur acquired in September 2024 as part of a receivership sale. Monarch Mining previously owned the mine, which has been on care and maintenance since 2022 following a C$20 million refurbishment.
LaFleur is planning to restart the mill, which has a processing capacity of 750 metric tons of ore per day, with the potential for third-party milling agreements. The mill is also just 50 kilometers from Swanson.
Shares in LaFleur gained this week after it announced updates for both properties on Wednesday.
The company is planning a 5,000 meter drilling program at Swanson set to begin this month, with more than 50 targets having been identified. Additionally, LaFleur announced that it is targeting early 2026 for full production from Beacon at a budget of C$5 million to C$6 million.
4. Eastern Platinum (TSX:ELR)
Weekly gain: 84.85 percent
Market cap: C$37.46 million
Share price: C$0.305
Eastern Platinum, also known as Eastplats, is a platinum group metal (PGM) and chrome mining, development and exploration company working to advance assets in South Africa.
Its most advanced asset is the Crocodile River mine, located northwest of Johannesburg. The mine began operating in 1987, but production was suspended in the early 1990s due to falling PGM prices. Since then, the mine saw some limited production in the early 2000s before once again being suspended.
After significant rehabilitation, chrome and PGM production from site tailings was restarted at the site in 2018 and 2020 respectively, and underground operations at the Zandfontein mine restarted in October 2023. In October of last year, Eastplats began commissioning a PGM processing plant that will process ore from Zandfontein.
A technical report from May 2022 demonstrates a proven and probable resource of 1.72 million ounces of platinum, palladium, rhodium and gold, with an average grade of 3.68 g/t from 14.58 million metric tons of ore.
Although the company did not release news this week, shares in Eastplats gained alongside a surging platinum price.
5. TNR Gold (TSXV:TNR)
Weekly gain: 58.33 percent
Market cap: C$15.06 million
Share price: C$0.095
TNR Gold is an exploration and royalty company with a focus on the acquisition of green energy and gold assets.
The company owns the advanced Shotgun gold project in Alaska’s Kuskokwim Gold Belt. The property consists of 108 claims covering an area of 6,993 hectares. A 2013 technical report shows inferred resources of 705,960 ounces of gold from 20.73 million metric tons with an average grade of 1.06 g/t gold.
Its royalty investments are a 1.5 percent net smelter royalty from Ganfeng Lithium’s (OTC Pink:GNENF,SZSE:002460,HKEX:1772) Marina lithium brine operation and a 0.4 percent net smelter royalty in McEwen Mining’s (TSX:MUX,NYSE:MUX) Los Azules copper-gold-silver project. Both assets are located in Argentina.
The latest news from TNR came on May 14 when it released a corporate update highlighting its success from the royalty portion of its business and providing updates from its key investments.
TNR also said it was looking to attract a partnership with a major gold mining company to help advance its Alaskan Shotgun project.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: LaFleur Minerals is a client of the Investing News Network. This article is not paid-for content.
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