NEW YORK, August 21, 2017 /PRNewswire/ --
Transparency Market Research indicates that the global base metal mining market projected to reach 160.19 MMT (Million Metric Tons) by 2023, which is a CAGR of 5.01% by 2023. Major mining metals include lead, copper, zinc, cobalt, and aluminum. Gold, platinum, palladium, and silver are among the precious mining metals. According to Transparency Market Research, the global mining metals market is highly dependent on the economic growth of nations. As a nation's economy grows, investments increase in the infrastructure sector, and increasing the demand for mining metals. In the global mining metals field, iron ore, gold, copper, and nickel are the most important investment targets for mining companies. These premium metals are expected to play a pivotal role in future projects. For example, the rapid growth of economy in China and India has created favorable opportunities for the growth of the market over the course of recent years. Atacama Resources International, Inc. (OTC: ACRL), Fission Uranium Corp. (OTC: FCUUF), Primero Mining Corp. (OTC: PPPMF), Constantine Metal Resources Ltd. (OTC: CNSNF).
A report published recently by S&P Global Market Intelligence states, "If last year was good for mining, 2017 promises to be even better. Analysts are increasingly bullish about the sector, and Goldman Sachs, for example, recently advised clients to buy commodities." The report also explains what is behind the optimism for the industry in the United States, "there is optimism based on an infrastructure-fueled metals boom in the U.S., facilitated by fiscal expansion and easier corporate regulations."
Atacama Resources International, Inc. (OTCQB: ACRL) recently announced on August 14th that results of the annual shareholders meeting held on August 11, 2017 in Edmonton, Alberta. Approximately 25 shareholders attended the meeting and enjoyed a meet and greet with the Atacama team. The Atacama board members and officers were introduced to the shareholders, and the latest information regarding the status of the company was presented. The COO presented a corporate overview, the CFO presented a financial review and the CEO presented a mining update. The recently released smartphone app, Good2Drive, was presented in detail, including the latest features and revenue projections through 2018. In addition, a new smartphone app scheduled for release in early 2018 called SeniorGuard was introduced with features and revenue objectives through 2018.
Additionally, the CEO announced at the meeting that Atacama Resources prepaid in cash in late July a convertible promissory note that was scheduled to be converted to ACRL shares in early August. By recent board action, the company policy will be, if at all possible, to prepay convertible notes prior to any conversion to ACRL shares. ACRL was not required to convert several million shares as the result of the prepayment.
Fission Uranium Corp. (OTCQX: FCUUF) is a Canadian-based resource company specializing in the strategic exploration and development company. On August 14th announced the completion of the summer 2017 portion of the Pre-Feasibility Study 'PFS' drilling, including three large diameter holes for metallurgical sample collection and three geotechnical core holes, to generate rock quality data including strength testing, related to the proposed open pit and underground mining areas of the Triple R deposit. Ross McElroy, President, COO, and Chief Geologist for Fission, commented, "The results of our metallurgical drilling highlight just how robust our high-grade, near-surface Triple R deposit really is. With the completion of the drilling to collect material for the Phase 2 metallurgical study and also the geotechnical rock holes this summer, we are making excellent progress towards achieving PFS status."
Victoria Gold Corp. (OTC: VITFF) owns 100% of the Dublin Gulch gold property is situated in the central Yukon Territory, Canada. Recently the receipt of additional analytical results from the on-going 2017 Dublin Gulch exploration campaign. "The drilling campaign at Dublin Gulch this season continues to successfully apply the mineralization model that Victoria has developed; the Potato Hills Trend Model," commented John McConnell, President and CEO of Victoria. "The Popeye Target has always been intriguing as it is situated on existing access in an area between the Eagle Gold Mine and the Olive-Shamrock Deposit. The high-grade intersections outlined herein point to the abundant high-grade gold mineralization potential at Dublin Gulch that has yet to be unlocked."
Primero Mining Corp. (OTC: PPPMF) announced earlier this month that the Company has entered into an agreement with McEwen Mining Inc. To sell its interest in the Black Fox mine and associated assets located near Timmins, Ontario, Canada. Under the terms of the Agreement, Primero will receive consideration of $35 million, in cash, subject to certain closing adjustments. Definitive documentation is expected to be completed before the end of this month. "The proposed transaction for the divestiture of Black Fox is consistent with our previously disclosed strategic review process to maximize value for shareholders," said Joseph Conway, President and Chief Executive Officer. "I would like to thank everyone at Black Fox for their commitment and dedication, and we wish them continued success as part of the McEwen team. We will continue to advance definitive documentation and work closely with the team at site to ensure a smooth transition."
Constantine Metal Resources Ltd. (OTC: CNSNF) is a mineral exploration company led by a proven technical team with a focus on premier North American mining environments. On August 17th reported assay results for three additional drill holes from the Nunatak AG Zone, a new VMS discovery located 3 km from the known mineral resource at the Palmer Project, Alaska (8.1 million tonnes inferred grading 1.41% copper, 5.25% zinc, 0.32 g/t gold and 31.7 g/t silver*). High-grade base and precious metals have been intersected over long intervals in follow-up drilling to discovery hole CMR17-89. To date, mineralization has been intersected over an area measuring approximately 180 m x 50 m, and over a vertical distance of approximately 200 meters and remains open in all directions.
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