Power Minerals Limited (ASX:PNN)’s Post

TNR Gold Corp. (TSX-V:TNR, OTC:TRRXF) said it has repurchased over five million shares of the company, signaling confidence in its royalty business model. As part of a normal course issuer bid, which is set to end by June 2024, the company has repurchased 5,056,000 shares. The ongoing bid, announced on June 1, 2023, allows the company to purchase up to 9,548,639 common shares, representing 5% of the outstanding shares, with a maximum of 2% within any 30-day period. Kirill Klip, Executive Chairman of TNR Gold, highlighted the company's focus on building a green energy metals royalty and gold enterprise. "Our business model provides a unique entry point in the creation of supply chains for critical materials like energy metals that are powering the energy ‘rEVolution’, and the gold industry that is providing a hedge for this stage of the economic cycle,” Klip said. More at #Proactive #ProactiveInvestors #TSXV #OTC #TNR #TRRXF http://ow.ly/7WWu1058x3G

**Galan Lithium Ltd to raise $9.3m to fund #HMW Phase 1 project** - #GalanLithium has secured A$14m ($9.3m) through an equity raise at A$0.23 per share, targeting institutional, sophisticated, and professional investors. - The company will issue 56,521,740 fully paid ordinary shares at a 20.7% discount to the 15 May 2024 closing price of A$0.29 per share, along with 28,260,870 new options, subject to shareholder approval. - Directors are contributing up to A$1m, subscribing for 4,347,828 new shares and 2,173,914 new options, with these options having an exercise price of A$0.35, valid for two years. - The funds will be used for the development of the #HombreMuertoWest (HMW) Phase 1 lithium brine project in Argentina, covering development costs, corporate overheads, working capital, and transaction costs. - The equity raise, managed by Canaccord Genuity Australia and Petra Capital Pty Ltd, provides Galan Lithium with financial flexibility to continue HMW Phase 1 construction and explore alternative funding solutions such as debt and prepayment facilities. #mining #mineralexploration #mineralprocessing

Lithium Chile Inc. is pleased to announce that it intends to extend the expiry date of an aggregate of 5,774,279 outstanding common share purchase warrants issued in connection with a non-brokered private placement. The Company proposes to extend the expiry date of the Warrants to June 30, 2024. The Extension is subject to approval by the TSXV. The Company intends to issue an updated news release upon receipt, if any, of the Warrant Extension Approval. Read full news release: https://loom.ly/-yaClAA #LithiumNews #WarrantExtension #StockMarketUpdates #ResourceInvesting #InvestorRelation #InvestorNews #PEA #TSX #TSXV #LITH #OTCQB #LTMCF #LithiumChile

Global Lithium Resources Ltd (ASX:GL1) has returned high grades and strong recoveries in ongoing test-work on the Manna Lithium Project in Western Australia’s Goldfields prompting Shaw and Partners Financial Services to maintain its buy recommendation and price target of $2.20. In supporting its recommendations in an equity report compiled last week, Shaw and Partners said: We highlight outstanding value on offer in GL1 and expect production curtailments to result in a #lithium market rebound through 2024.” The company is currently trading at around $0.62 and its market cap is approximately A$161.36 million. It finished 2023 with $36 million cash and no debt, which Shaw and Partners said left it well-placed to withstand current market conditions. More at #Proactive #ProactiveInvestors #ASX #GL1 #LithiumMining #BatteryMetals #CriticalMinerals #BrokerResearch http://ow.ly/Yltp105lyez

Investors are on alert as #GalanLithium Ltd remains in an extended trading halt on the ASX. The company's shares are voluntarily suspended at $0.38, with the market awaiting crucial updates on government permitting for the Hombre Muerto West project. Key takeaways: - The extension signifies that more time is necessary for the company to disclose a market update. - Phase 1 construction permits have been acquired, and the focus now shifts to phase 2 development approvals. - Following a recent $15 million funding facility announcement, the reasons behind this decision are yet to be communicated. The anticipation builds around Galan Lithium Ltd’s pending government permit status—will this be a pivotal moment for the company's future? Detailed insights will be crucial for shareholder confidence and the project’s timeline. Read more about Galan Lithium’s strategic moves during this trading halt and what it could mean for the lithium market: https://lnkd.in/dyrtR54Z #Lithium #ASX #TradingHalt #Investment #Permitting #MarketUpdate

Interestingly high IRR at depressed Lithium market and with 5.5 percent Li2O which is not EV grade

Piedmont Lithium Inc. (ASX:PLL, OTC:PLLTL) Inc has opted to offload 24.3 million shares in Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) to its largest shareholder, Assore International Holdings, in return for US$7.8 million in consideration. The shares represent 3.9% of Atlantic’s total shares – following the transaction, Assore will own about 28.4% of Atlantic’s shares, while PLL will retain 32.7 million shares for a 5.2% ownership stake in the company. "We finished 2023 in a strong position with approximately US$72 million in cash and US$47.4 million in marketable securities as of market close on January 17," said Piedmont Lithium president and CEO Keith Phillips. “We have always viewed our Atlantic shares as a potential source of capital and are pleased to further bolster our cash balance through this agreement..." More at #Proactive #ProactiveInvestors #ASX #OTC #PLL #PLLTL #Lithium #LithiumMining #BatteryMetals http://ow.ly/wYMn1059FVs

Check out Battery Commodity’s interview with Golden Cariboo Resources Ltd CEO Frank Callaghan where they discuss our most recent private placement and plans for 2024. Newsfile Corp. BNN Bloomberg Yahoo Finance Bloomberg News CNBC Canadian Securities Exchange (CSE) The Junior Market Review YouTube https://lnkd.in/gdkzHK7w #goldmining #goldinvestment #privateplacement #bcmining #gold #capitalmarkets #youtube

Thanks to Crux Investor and Joanne Jobin for the opportunity to showcase our company and key operators at The Mining Investment Event of the North from June 4-6, 2024. A productive three days discussing crucial insights in the industry! Despite facing challenges in the lithium market since late 2022, the growth in EV penetration rates globally remains steady. Some key highlights from our discussions: - Reassurance that lithium demand will continue growing - Acknowledgment of a challenging 2023 and year-to-date 2024 - Continued growth in EV penetration rates - Counter cyclical deployment of US$50 million in 2023 to own 35 royalties - Introduction of new EV models with enhanced range and rapid charging capabilities - Potential value of all 35 royalties at a 10% discount rate exceeding C$12 - The importance of incentive prices nearing $2,000 to strengthen the western-based supply chain - Focus on regional pricing and producer auctions at notably higher prices than spot rates - The significant impact of battery recycling, making EVs 70% less carbon-intensive For further insights, access the detailed discussion via the link: (https://lnkd.in/gqDAXC_6) #MiningInvestment #EVs #LithiumMarket #IndustryInsights

*Story may be behind paywall*   Impairments should be top of mind for all company directors right now, particularly lithium and nickel producers.   I spoke with the The Australian Financial Review about the slump in prices for these commodities and discussed how they serve as an indicator that directors will need to go through an impairment test process.   #exploration #lithium #energy #minerals