Zinc

"lake resources"

Metallum Resources

Near-term Production East of Thunder Bay in Ontario

MZN:CA
TSXV:MZN

Overview

Market experts believe that global zinc demand is set to outpace production growth in 2021. The zinc market could see upwards of 2.9 percent to 14 million tonnes in production increases as producers worldwide continue to ramp up output in the face of surging demands.

Global zinc production continues to struggle to meet increasing demand. In 2019, 12.8 million tons of zinc was mined, with 33.7 percent of that coming from China. Companies operating advanced, high-quality zinc production assets in the West present investors with an opportunity to satisfy growing global demand without the same level of exposure to geopolitical risk.

One such company is Metallum Resources (TSXV:MZN), which acquired the Superior Lake zinc project from Superior Lake Resources (ASX:SUP). Superior Lake has a prospective JORC-compliant bankable feasibility study. Highlights from the report include an IRR of 31 percent (pre-tax), 9-year mine life with current reserve/resources.

The Superior Lake zinc project consists of two high-grade resource targets: Winston Lake and Pick Lake. Winston Lake produced historic average recoveries at 93.7 percent zinc and 78.3 percent copper, 37 percent Ag and 38 percent Au with approximately 900 Mlbs Zn, 53.7 Mlbs Cu, 1,172 koz Ag, 51.17 koz Au. Likewise, Pick Lake hosts highlighted drilling results of zinc grades up to 40.6 percent over 0.51m and 30.47 percent over 13.4m.


With most major permitting in place, the company plans to commence an extensive drilling campaign and further its established exploration programs to identify additional targets across the Superior Lake property. Existing infrastructure and historic revitalization of the project present the company with fast-tracked and lower-cost development conditions.

Metallum Resources has advantageous positioning in the space of zinc developer valuation. Compared to other players in the market, Metallum Resources presents an excellent CAD$21 million market cap with a robust post-transaction share distribution portfolio. The company has no material debt.

Metallum Resources’ management team has a proven track record of bringing shareholder value. The company is part of the Gold Group, a winning team of results-driven leaders with world-class expertise in mine building, resource expansion and established stakeholder value.

Company Highlights

  • Metallum Resources’ flagship Superior Lake zinc project is near-production, with all infrastructure in place, in the mining-friendly jurisdiction of Ontario, and is one of the highest-grade zinc development resources in North America.
  • Current resources estimates place Superior Lake with upwards of 2.07 million indicated tonnes of zinc at 18 percent zinc grades. The current mine life of Superior Lake stands at nine years and the asset has the potential for resource expansion with additional exploration.
  • The Lower Pick Lake massive sulphide Deposit has exceptional historic intercepts but is still largely untested, leaving huge potential for undiscovered, high grade massive sulphide mineralization that is close to existing underground development.
  • The Superior Lake zinc project’s 2 deposits, Winston Lake and Pick Lake, are both highly prospective VMS deposits that host very rich zinc and other metals mineralization.
  • Superior Lake Resources released a JORC-compliant (but not NI 43-101 compliant) Bankable Feasibility Study for the Superior Lake Zinc Project in 2019. Highlights from the report include an IRR of 31 percent (pre-tax), 9-year mine life with current reserve/resources, at 3 percent cut off grade.
  • The company is a significant proponent of stakeholder participation and mining best practices. It boasts strong relationships with community and local skilled workforces and emphasizes safety and sustainability while providing exceptional economic and project development potential.

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Recent News

Company News

Trevali Announces Results of Annual General and Special Meeting of Shareholders

Trevali Mining Corporation  announces the voting results from its Annual General and Special Meeting of Shareholders held on June 29, 2022 . Shareholders voted in favour of all items of business before the Meeting as follows: Detailed voting results for the Meeting are available on SEDAR at . The Company's 2021 Audited Financial Statements are available at Shareholders may also receive a ...

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) announces the voting results from its Annual General and Special Meeting of Shareholders (the " Meeting ") held on June 29, 2022 . Shareholders voted in favour of all items of business before the Meeting as follows:

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

Election of Directors

Votes For

Votes Withheld

Jill V. Gardiner

33,215,006

( 98.52%)

499,221

( 1.48%)

Russell D. Ball

33,127,564 (98.26 %)

586,663 (1.74 %)

Aline Cote

33,135,738 (98.28 %)

578,489(1.72 %)

Johannes F. (Ricus) Grimbeek

33,095,836(98.17 %)

618,391(1.83 %)

Jeane L. Hull

33,265,788(98.67 %)

448,439(1.33 %)

Dan Isserow

33,373,177(98.99 %)

341,050(1.01 %)

Nikola (Nick) Popovic

32,987,896(97.85 %)

726,331(2.15 %)

Richard Williams

33,281,724(98.72 %)

432,503(1.28 %)

Appointment of Auditors

Votes For

Votes Withheld

To re-appoint PricewaterhouseCoopers LLP as Auditors of the Company for the ensuing year and to    authorize the directors to fix their remuneration.

36,034,908

(99.97%)

9,228(0.03 %)

Stock Option Plan

Votes For

Votes Against

To approve and authorize all unallocated stock options, rights and other entitlements issuable under the Company's amended and restated stock option plan (the "Stock Option Plan") until June 29, 2025.

30,842,747(91.50 %)

2,864,229(8.50 %)

Share Unit Plan

Votes For

Votes Against

To approve and authorize all unallocated share units, rights and other entitlements issuable under the Company's amended and restated share unit plan (the "Share Unit Plan") and to confirm the Company has the ability to issue shares from treasury to satisfy the settlement of any unallocated share units issued until June 29, 2025.

30,915,996(91.76 %)

2,775,882(8.24 %)

Advisory Vote on Executive Compensation

Votes For

Votes Against

To adopt a non-binding, advisory vote on the Company's approach to executive compensation.

31,218,009(92.66 %)

2,474,064(7.34 %)

Detailed voting results for the Meeting are available on SEDAR at www.sedar.com .

The Company's 2021 Audited Financial Statements are available at https://trevali.com/investors/financials/. Shareholders may also receive a copy of these Company documents without charge upon request by e-mail at info@trevali.com .

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

SOURCE Trevali Mining Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/29/c3273.html

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Tinka Announces Grant of Stock Options

Tinka Resources Limited announces that pursuant to the Company's Stock Option Plan, the Company has granted stock options to certain directors, officers and consultants of the Company to purchase an aggregate of 5,750,000 common shares of the Company at an exercise price of $0.25 per Optioned Share for a period of four years About Tinka Resources Limited Tinka is an exploration and development company with its ...

Tinka Resources Limited ("Tinka" or the "Company") (TSXV & BVL:TK) (OTCQB:TKRFF) announces that pursuant to the Company's Stock Option Plan, the Company has granted stock options (the "Options") to certain directors, officers and consultants of the Company to purchase an aggregate of 5,750,000 common shares (the "Optioned Shares") of the Company at an exercise price of $0.25 per Optioned Share for a period of four years

On behalf of the Board,

About Tinka Resources Limited

Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc Zone deposit has an estimated Indicated Mineral Resource of 19.0 Mt @ 7.15% Zn, 16.8 g/t Ag & 0.2% Pb and Inferred Mineral Resource of 47.9 Mt @ 5.4% Zn, 20.0 g/t Ag & 0.4% Pb (dated August 30, 2021 - see news release). The Ayawilca Tin Zone has an estimated Inferred Mineral Resource of 8.4 Mt grading 1.0% Sn. Tinka holds 46,000 hectares of mining claims in Central Peru, one of the largest holders of mining claims in the belt. Tinka is actively exploring for copper-gold skarn mineral deposits at its 100%-owned Silvia project. The Qualified Person, Dr. Graham Carman, Tinka's President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

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

SOURCE: Tinka Resources Ltd.



View source version on accesswire.com:
https://www.accesswire.com/706888/Tinka-Announces-Grant-of-Stock-Options

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Trevali Publishes 2021 Sustainability Report

Trevali Mining Corporation  announces that it has published its 2021 Sustainability Report that details our approach and progress towards integrating sustainability into all aspects of our business. "Trevali's fourth annual Sustainability Report represents the latest stage of an evolution in our reporting as we make steps on our journey to becoming a more sustainable organization," said Ricus Grimbeek, President ...

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) announces that it has published its 2021 Sustainability Report that details our approach and progress towards integrating sustainability into all aspects of our business.

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

"Trevali's fourth annual Sustainability Report represents the latest stage of an evolution in our reporting as we make steps on our journey to becoming a more sustainable organization," said Ricus Grimbeek, President CEO. "While the report details some of our accomplishments in 2021, I must first acknowledge the terrible loss of eight of our colleagues at the Perkoa Mine in Burkina Faso . The intense and unseasonal rainfall on the early morning of April 16, 2022 , created a flash flood that breached the mine's defenses, flooding the underground mine and fatally trapping eight of our workers. Our most sincere condolences are with the families, friends, and communities of our deceased colleagues at this difficult time. All of us at Trevali grieve their loss. We will never get our colleagues back, but we do pledge to learn and implement all the lessons from this tragedy across our operations, share these widely, and thereby play our part in helping the mining industry to avoid such events in the future. The potential impact of a changing global climate on the design and operation of mines cannot be underestimated. Extreme weather events such as this, occurring outside of the usual wet seasons, are devastating and it appears likely that they are to become more frequent."

"At Trevali, we see the annual sustainability reporting process as achieving two key objectives. Firstly, as a communication tool to report 2021's ESG performance to our stakeholders transparently and accurately in a balanced manner. And secondly, as an audit of our ESG programs and systems in relation to our business goals, using a third-party to pre-audit our ESG activities. In our 2021 report, you will read about our achievements, challenges, and our progress towards our goals as the world still wrestled with the COVID pandemic. In doing so, I hope that you will see how central sustainability is to not only our business model but to the whole mining industry. Integrating sustainability into every fiber of the global industry is not going to be easy, but Trevali is committed to playing its part in this vital strategic endeavour," said Grimbeek.

Richard Weishaupt , Senior Vice President, Health, Safety, Environment, and Community, stated, "In the 2021 Sustainability Report there are many examples of how we have progressed as a Company. "Regarding environmental compliance, I am happy to report that once again in 2021, Trevali received no material environmental penalties or fines at any of our operations. In addition, something that demonstrates conservation of resources having a positive impact on the environment as well as contributing to economic efficiencies, 100% of total waste rock generated at our operations was returned underground and repurposed as backfill. The dedication of our teams over the long run is also evident at the Perkoa Mine, where the group received the National Occupational Health Inspection Award for operating the second-best private occupational health clinic in Burkina Faso and recognition from the National Council for our efforts in supporting the fight against HIV and AIDS. Such achievements reflect our long-standing commitment to the communities where we operate. In 2021, we invested more than $10.5 million in community development projects across all our operations. The future offers even more chances to innovate with the planned expansion of Rosh Pinah and the construction of a nearby solar power plant to provide 30% of electricity needs."

2021 Sustainability Performance Includes:

  • In 2021, we reduced our significant incidents by 30% over 2020 and our Total Recordable Injury Frequency (TRIF) for employees and contractors combined was 8.7.
  • Increased Board representation of women with three female Directors out of eight on the Trevali Board following the appointment of Jeane Hull effective February 1, 2021 . The Company continues to encourage broader forms of diversity at the management and Board level with a view to achieving the target of 30% of senior leadership positions being held by women.
  • Spent US$178 million procuring goods and services from national suppliers, including US$110 million on local suppliers. A total of 86% of our total supply chain is comprised of national business in the countries in which we operate.
  • Published a positive NI 43-101 Rosh Pinah Mine expansion (" RP2.0 ") Feasibility Study in August 2021 , with work continuing to secure project financing for the expansion. RP2.0 is expected to increase the capacity of the mine and mill by 86%, from 0.7 million tonnes per annum to 1.3 million tonnes per annum over a 12-year mine life. The expansion project will incorporate sustainable technologies and processes to improve the safety, health, environmental footprint, and local economic impact of the mine, while strengthening our commitment to local communities and the region.
  • Entered into a 15-year renewable power purchase agreement with EMESCO for the supply of solar power equivalent to 30% of the expected annual energy consumption for the Rosh Pinah Mine. The agreement was incorporated into the RP 2.0 feasibility study. Construction began in the second quarter of 2022 and the power plant is expected to reduce greenhouse gas (GHG) emissions at the Company level by 6%.
  • Reported repurposed waste rock use for the first time resulting from improved tracking practices. Achieved net positive waste rock management with 100% of the total waste rock generated at all our operations was kept underground and repurposed as backfill. In fact, we repurposed 1.8 times more waste rock than we generated by diverting 451,570 tonnes from legacy waste rock piles on our sites as underground backfill. Trevali is committed to repurposing historic waste rock as underground backfill whenever possible in order to reduce our long-term environmental liability.
  • Improved our Corporate Sustainability Assessment score for the Dow Jones Sustainability Index (DJSI) from a 45 to a 50 during 2021, reflecting a continuation of improvements from Trevali's score of 9 in 2018, and significantly above industry average score of 34 in 2021.

The report was prepared with guidance from the Global Reporting Initiative (GRI) Standards and select disclosures in accordance with the Sustainability Standards Accounting Board (SASB) Metals and Mining Industry Standards, covering the period from January 1 to December 31, 2021 . Additionally, we have mapped our areas of focus to the United Nations Sustainable Development Goals (SDGs). We are committed to the Task Force for Climate Financial Disclosure (TCFD) and will be progressing on the TCFD recommendations in 2022. Trevali's 2021 Sustainability Report, as well as the GRI and SASB Indices for the report, can be found under the Sustainability Reporting section of Trevali's website at Click Here .

Trevali welcomes comments, questions, or suggestions about the sustainability report and related information. Please send your feedback to sustainability@trevali.com .

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the Company's operations, including the Company's growth strategies and planned development activities and achievement of the objectives stated in the 2021 sustainability report, the suspension of mining and milling operations at Perkoa, the results of any investigation of the flooding incident, and the Company's assessment of the effect of the flooding on the safety and structural integrity of Perkoa's underground areas and the length of time before underground mining operations can be recommenced safely at Perkoa. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to the Company's plans to remedy the impact of the flooding at the Perkoa Mine, including that such efforts and plans will not be effective or achieve their desired outcomes; dependence on key personnel; labour pool constraints; labour disputes; increased operating and capital costs; foreign currency exchange rate fluctuations; operating in foreign jurisdictions with risk of changes to governmental regulation; compliance with governmental regulations; compliance with environmental laws and regulations; maintaining ongoing social license to operate; impact of climatic conditions on the Company's mining operations; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, other risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

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Zinc Exploration in the Mining-friendly Jurisdiction of Spain

Spain is one of the most mineral-rich countries in Western Europe and is offering new supply for the zinc market.

Zinc reigns as a highly essential metal in today’s global economy. From electric vehicles to critical infrastructure, zinc is the fourth most widely consumed metal in the world.

The rising demand for modern infrastructure development around the world has the potential to drive zinc production and new exploration projects. In China, the world’s leader in zinc production, the resource has become critical to the country’s ambitious infrastructure projects like the Belt and Road Initiative.

As nations continue to modernize through advancements in infrastructure, explorers have continued to seek out new zinc deposits. In Europe, Spain’s mineral-rich southern region is attracting mineral companies wishing to explore for zinc resources in a stable mining jurisdiction.

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