Base Metals

 Metallum Resources (TSXV: MZN) has released results of the Feasibility Study for its High-Grade Superior Zinc and Copper Polymetallic Project in Ontario. The Superior Project, a former producing mine including the Winston Lake and Pick Lake deposits, is located near the town of Schreiber, east of Thunder Bay, Ontario.

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The Feasibility Study is based on the Bankable Feasibility Study prepared to JORC standards in 2019, with updated pricing to 2021, which incorporated the mineral resource estimate from the January 2021 NI 43-101 Technical Report prepared by Massa GeoServices.

The results of the Feasibility Study confirm an 8.5-year mine life, with an average annual EBITDA of CDN$44.5 million and average profit after tax of CDN$9.7 million, based on a 100% project ownership. The report gives the project an 8% Net Present Value of CDN$131.3 million and an after-tax Internal Rate of Return of 23% based on a long-term price of US$1.22 per lb for zinc, US$3.31 per lb for copper, US$1,635 per ounce for gold and US$21 per ounce for silver. The company anticipates a quick payback with a low initial capital cost of CDN$145.1 million, including owner's costs and pre-production, and CDN$55.2 million in sustaining capital costs over a 3-year payback period

Kerem Usenmez, P.Eng., President and CEO, stated: "We are thrilled to have the Feasibility Study updated in NI 43-101 standards. The updated Feasibility Study confirms that Superior Zinc and Copper Polymetallic Project is a high margin substantial mining project that is expected to provide very robust return on investment. We expect the Zinc and Copper supply in particular to remain in deficit for the life of the mine, as green economy ramps up and more stimulus packages are introduced globally. We continue with our exploration program to tap into the unexplored targets of this world class project. We are excited about the opportunity to create jobs and economic stimulus to Canada, Ontario and the First Nations and local communities surrounding Schreiber."

Over the 8.5 year life of the mine, the company expects to produce 290,076 tonnes of zinc, 10,580 tonnes of copper, 4,816 ounces of gold, and 679,950 ounces of silver from approximately 2.2 million tonnes of ore. It expects to produce 606,346 tonnes of zinc concentrate at a 52% grade, and 44,232 tonnes of copper concentrate at a 26% grade.

Simon Ridgway, Chairman, added: "It is very exciting for Metallum to confirm the low initial investment and short timeline for production for the Superior Project. Metallum is well positioned for Zinc and Copper demand, and we plan to move forward with detailed engineering and mine financings during the remainder of 2021."

The project is under the approval process with the company required to submit documentation to the relevant ministry for review and approval, a process that includes technical review, public consultation and discharging the government's duty to consult indigenous communities.

For more information, including a summary of the Feasibility Study results, please visit the company's website www.MetallumZinc.com, contact Kerem Usenmez, President and CEO, at 604-688-5288 or email info@MetallumZinc.com.

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Trevali Announces Director Resignation

Trevali Mining Corporation ("Trevali" or the "Company") announces that Richard Williams has resigned as a director of the Company, effective September 23, 2022 .

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

All inquiries regarding the Companies' Creditors Arrangement Act ("CCAA") proceedings of the Company should be directed to the court-appointed monitor, FTI Consulting Inc. (email: Trevali@fticonsulting.com or telephone: +1-877-294-8998). Information about the Company's CCAA proceedings, including all court orders made and the Monitor's reports, are available on the Monitor's website at http://cfcanada.fticonsulting.com/trevali/ .

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. The Company has three primary 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 . Trevali is committed to socially responsible mining, working safely, ethically, and with integrity.

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 CCAA proceedings and creditor protection and the restructuring process, including the outcome thereof. 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, 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; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, 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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Trevali Receives Court Approval of Sales and Investment Solicitation Process; Announces Organizational Departures

Trevali Mining Corporation ("Trevali" or the "Company") announced that the Supreme Court of British Columbia (the "Court"), on application of the Company as well as its wholly owned subsidiary Trevali Mining ( New Brunswick ) Ltd. ("Trevali NB" and, together with Trevali Corp., "Trevali"), has granted a Sales and Investment Solicitation Process Order (the "SISP Order").

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

The SISP Order, among other things: (i) approves a sales and investment solicitation process for Trevali's 90%-interest in the Rosh Pinah Mine and 100%-interest in the Caribou Mine (the "SISP"); and (ii) approves an engagement letter between Trevali and National Bank Financial Inc. ("NBF") appointing NBF as Trevali's Sales Agent for the purposes of the SISP.

In order to participate in the SISP and obtain access to a virtual data room, all interested parties must comply with the terms and conditions set forth in the SISP Order and other related documents, which are available on the Monitor's website at http://cfcanada.fticonsulting.com/trevali/ . Parties interested in participating in the SISP should contact Morten Eisenhardt and Andrew Armstrong at NBF at the following email addresses: morten.eisenhardt@nbc.ca and andrew.armstrong@nbc.ca .

Organizational Departures

Trevali also announced that Ricus Grimbeek has resigned as President and Chief Executive Officer and a director of the Company. Mr. Grimbeek joined Trevali as President and CEO in April 2019 and was appointed to the Board of Directors in March 2020 . With the SISP Order obtained and the sales process underway for the Company's interests in the Rosh Pinah and Caribou mines, the Board and Mr. Grimbeek determined that it was the appropriate time for him to step away from Trevali.

In addition, Derek du Preez has resigned as Chief Operating Officer of the Company, effective October 14, 2022 . Mr. du Preez joined Trevali in July 2019 and held a number of roles since that time. Mr. du Preez will remain with the Company until October 14, 2022 to support a transition of operational, technical, and other aspects of the business, as well as the initial phase of the SISP.

Dan Isserow has resigned as a director of the Company. Mr. Isserow was first appointed to the Board of Directors in October 2017 following the acquisition by the Company of the Perkoa and Rosh Pinah mines.

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. The Company has three primary 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 . Trevali is committed to socially responsible mining, working safely, ethically, and with integrity.

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 in this news release include, among others, statements with respect to: the SISP and the outcome thereof; and with respect to the changes to senior management of the Company, including plans for transition. 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 outcome of the SISP, and the continued involvement of Derek du Preez in the transition of operational, technical and other aspects of the business and the initial phase of the SISP. 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, 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; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, 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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Understanding the Zinc Spot Price and Zinc Futures (Updated 2022)

Understanding the Zinc Spot Price and Zinc Futures (Updated 2022)

The zinc market may have had a few rough patches in recent years, but supply disruptions and economic recovery promise to spur a revival for the zinc spot price and zinc futures.

The underdog of the base metals family is appealing in large part because its fundamentals remain strong, with many analysts optimistic about the long-term outlook for zinc.

With that in mind, it's worthwhile for investors interested in zinc to understand how zinc pricing works. Here's a brief overview of what market participants need to know about the zinc spot price and zinc futures.

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Trevali Announces Delisting of Common Shares from the Toronto Stock Exchange

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) announces that following a delisting review by the Toronto Stock Exchange ("TSX"), the Company's common shares will be delisted effective close of market on October 3, 2022 .

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

Trading of the Company's shares has been suspended since August 22, 2022 as a result of the Company filing for protection under the Companies' Creditors Arrangement Act ("CCAA") and this suspension will continue until the delisting takes effect. In addition to the TSX delisting, the Company expects its common shares will also be delisted in due course from the other exchanges on which the common shares currently trade.

Shareholders retain their legal rights and equity interest and are advised to contact their brokerage where shares are held regarding retention policies for unlisted shareholdings and potential for shares to trade in over-the-counter markets.

Additional Information

A copy of the Initial Order and all materials related thereto, as well as any other information regarding the CCAA proceedings, are available on the Monitor's website at http://cfcanada.fticonsulting.com/trevali/ . For additional information, contact the Monitor via email: Trevali@fticonsulting.com or telephone: +1-877-294-8998. Further updates will be provided as appropriate.

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. The Company has three primary 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 . Trevali is committed to socially responsible mining, working safely, ethically, and with integrity.

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 potential for shares to trade in over-the-counter markets, and the expected delisting of the Common Shares and the timing thereof. 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, 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; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, 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

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/06/c1907.html

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Core Lithium Ltd

Core Lithium Ltd

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Trevali Announces Extension of CCAA Stay Period

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) announces that following the granting of the initial order (the "Initial Order") from the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act ("CCAA") on August 19, 2022 a comeback hearing in respect of the relief granted pursuant to the Initial Order was held today.

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

Pursuant to the Initial Order, the Company obtained protection from its creditors for an initial period of ten (10) days (the "Stay Period") and FTI Consulting Canada Inc. was appointed as monitor of the Company (in such capacity, the "Monitor"). The Court has today issued an order extending the Stay Period until October 6, 2022 .

Trading Halt and Delisting Review for Common Shares of Trevali Mining Corporation

On August 22, 2022 , as a result of the Company filing for protection under the CCAA, the Toronto Stock Exchange ("TSX") suspended trading of Trevali's common shares and advised the Company that a delisting review would be required by the TSX. The TSX is reviewing the eligibility for continued listing on the TSX of the common shares of the Company pursuant to an expedited review process. The delisting review is expected to take place on September 1, 2022 , and the Company expects that the common shares will be delisted following such review.

Additional Information

Further updates will be provided as appropriate. A copy of the Initial Order and all materials related thereto, as well as any other information regarding the CCAA proceedings, are available on the Monitor's website at http://cfcanada.fticonsulting.com/trevali/ .

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. The Company has three primary 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 . Trevali is committed to socially responsible mining, working safely, ethically, and with integrity.

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 potential delisting of the Common Shares and the timing thereof. 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 that the Company's Common Shares will not meet the listing requirements of the TSX; 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; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, 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

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/29/c2845.html

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