Jim's Mining Letter - November 26, 2024

Globex Mining Enterprises (GMX.TSX GLBXF G1MN.F) announced that O3 Mining (OIII.V OIIIF 15A.F) has initiated a two drill, 8,000 metre exploration program on the Cameron and Florence sections of the Kinebik project which straddles over 55 kilometres strike of the auriferous Casa Berardi trend in Quebec, northwest of Lebel-sur-Quevillon. The Casa Berardi trend is the location of several large gold deposits including the +5 million ounce Casa Berardi gold deposit. O3 Mining reported that the current drill program will focus principally on the Cameron and Florence areas which in large part were purchased from Globex, which sold 156 claims to O3 Mining for $2 million, payable $150,000 in cash and 1,185,897 O3 Mining shares. Globex retains a 2.5% gross metal royalty on 104 claims and a 1% gross metal royalty on 52 claims and O3 Mining assumed responsibility for a pre-existing underlying 2% net smelter royalty on the other 52 claims purchased from Globex…more

Calibre Mining (CXB.TSX CXBMF WCLA.F) announced initial discovery and resource expansion diamond drill results from its Valentine gold mine located in Newfoundland & Labrador, Canada. The program, part of the expanded 100,000 metre drilling initiative is focused on discovering new gold mineralization beyond the known resources on the 250 km2 property. Launched earlier this year, the drilling highlights what the company describes as the vast potential that exists outside of the three pit 2022 feasibility study, which includes a total of 64.6 million tonnes grading 1.90 grams per tonne gold containing 3.95 million ounces of measured and indicated resources and 20.7 million tonnes grading 1.65 grams per tonne gold containing 1.10 million ounces of inferred resources. These resources are hosted across only 8 kilometres of the highly 32 kilometres long main Valentine Lake Shear Zone. Drill results include numerous intercepts with visible gold and both high grade intersections and broad zones of continuous mineralization have been identified in several holes, all of which are located outside of known mineral resources. Highlights from the Frank Zone drill program, southwest of the Leprechaun pit include 2.43 grams per tonne gold over 172.8 metres, 2.12 grams per tonne gold over 95.4 metres and 2.26 grams per tonne gold over 78.3 metres. Per Darren Hall, President and Chief Executive Officer, the results strengthen the company’s confidence that Valentine’s 250 km2 land package represents a new gold district…more

Kavango Resources (KAV.L KVGOF) announced the commencement of a drilling programme at its  Prospect 3 target at the Hillside gold project in Matabeleland, southern Zimbabwe. The drilling programme is designed to delineate a mineral resource to form the basis for an open pit mine, and to obtain sufficient samples to conduct metallurgical test work. The company believes Prospect 3 has the highest potential to commence commercial production in the shortest amount of time, and with the lowest capital entry. The initial high priority target area averages 200 metres across strike and 100 metres along strike, in the vicinity of hole NSDD0002. Artisanal miners are currently producing gold from 12 surface workings with at least 2 different vein orientations, from oxidized meta-sediments above a granodiorite intrusive next to NSDD0002. Hole NSDD002 also intersected an additional 9 grading structures under deeper cover that are currently not being worked. Per Ben Turney, Chief Executive, the high level of artisanal workings across Prospect 3 is strongly indicative of the area's potential for larger scale, near surface gold deposits that Kavango can mine…more

True North Copper (TNC.ASX) announced successful completion of a fully underwritten A$50.3 million conditional placement at A$0.005 per share, as part of a broader recapitalisation to extinguish all debt and provide funding for a revised exploration and resource definition drilling strategy. Strong support was received from key stakeholders, including A$15 million from Tembo Capital Holdings, the company’s largest shareholder, A$6million from Regal Partners, the company’s second largest shareholder and Glencore Australia Holdings is to become a 9.9%. Funds from the conditional placement will be used to retire the secured debt owed to Nebari Natural Resources Credit Fund II, with the balance of around A$3.9 million) in the form of a debt-to-equity conversion. Paul Cronin, co-founder and previous Managing Director of Adriatic Metals, is proposed to be appointed as Non-Executive Chairman following completion of the recapitalisation and he has committed to participate for A$500,000. Bevan Jones is to remain Managing Director and has committed to participate for A$100,000. The revised business strategy is to pause operational ramp up and undertake extensive exploration and resource definition drilling campaign. In addition to the conditional placement, the company intends to offer eligible existing shareholders the opportunity to participate in a share purchase plan to raise up to a further A$5 million at the same offer price as the conditional placement. Drilling is to commence in Q1 2025 – post re-listing True North will undertake an initial RC drill program at Cloncurry before commencing drilling at Mt Oxide as soon as seasonal conditions permit…more

CMC Metals (CMB.V CMCXF ZM5P.F) announced that it has entered into an option agreement with Coeur Silvertip Holdings, a subsidiary of Coeur Mining (CDE CDM1.F) on its Silverknife Property in north-central British Columbia. The agreement paves the way forward for Coeur to undertake a significant, multi-year exploration program on the property and provides Coeur with the ability to earn a 75% interest in the property, following which Coeur has a right to either purchase the property or enter a joint venture arrangement with CMC. The total commitments to earn 75% amount to C$4,050,000 in the aggregate, of which C$500,000 is cash payments to CMC and C$3,550,000 is exploration expenditures. Purchase of the remaining 25% interest would require an additional buyout payment that would take the aggregate commitment to C$6,300,000 and the property would remain subject to an existing net smelter royalty. Once Coeur has completed the expenditure and option payment commitments to earn at least a 75% interest in the property, it then also acquires a right of first refusal to purchase CMC’s Amy property, a high-grade carbonate replacement deposit target located approximately 6 kilometres west of the Silverknife property…more

Radio Fuels Energy (CAKE.CSE CKEFF) and NV King Goldlands announced the completion of their plan of arrangement, pursuant to which Radio Fuels has acquired all of the issued and outstanding shares of NV King at an exchange ratio of approximately 8.73 common shares of Radio Fuels for each NV King share. Immediately following completion of the arrangement, former shareholders of NV King held 40% of the issued and outstanding Radio Fuels shares. Radio Fuels will continue to provide leverage to uranium and rare earth elements through its 100% ownership of the Eco Ridge project and has added significantly to its project portfolio, becoming the largest junior gold explorer in Nevada when measured by mineral tenure. The NV King property portfolio ranks as the third largest in Nevada behind just Nevada Gold Mines (Barrick/Newmont JV) and Kinross Gold Corp. Radio Fuels also has attained exposure to the Atlanta gold mine project, currently being advanced by Nevada King Gold (NKG.V NKGFF), through the 3% net smelter royalty held by NV King. The combined entity has a strong balance sheet with approximately $20 million in cash and marketable securities.

This Smart Home Company is Growing 200% Month-Over-Month

Ever thought the smartest part of your home could be your window shades?

Meet RYSE, the company transforming ordinary blinds into cutting-edge smart home devices. With 10 granted patents, a major win against copycat sellers on Amazon, and products already featured in 127 Best Buy locations, RYSE is scaling rapidly in a market growing 23% annually.

And they’re just getting started. With 200% month-over-month revenue growth, international expansion on the horizon, and partnerships with retail giants like Home Depot and Lowe’s, RYSE is poised to redefine home automation.

Now, for just $1.75 per share, you can invest in this fast-growing company and be part of the smart home revolution.

Don’t miss out—invest today before the round closes!

These are opinions only of the individual author. The contents of this piece do not contain investment advice and the information provided is for educational purposes only and no discussions constitute an offer to sell or the solicitation of an offer to buy any securities of any company. All content is purely subjective and you should do your own due diligence. No representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in the piece is made. Any assumptions, opinions and estimates expressed in the piece constitute judgments of the author as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions and there can be no guarantee that any projected outcomes will be achieved. No liability is accepted for any direct, consequential or other loss arising from reliance on the contents of this piece. The author is not acting as your financial, legal, accounting, tax or other adviser or in any fiduciary capacity.