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KRO Profile
Price:$0.120  Open Rec:See Strategy
Market Cap:$22,392,347  WC % of Mkt Cap:19%
Working Cap:$4,221,265  As of:9/30/2022
Issued:186,602,894  Insider %:16.0%
Diluted:199,259,364  Story Type:Resource: Discovery Exploration
Key People:Diane Nicolson (CEO), Robert A. Dickinson (Chair), Jeannine P. M. Webb (CFO), Michael Lee (CFO), Roy Greig (VP EX),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022: Amarc Resources Ltd was made a Fair Spec Value rated 2023 Favorite at $0.15 on December 30, 2022 based partly on its British Columbia focused copper exploration plays, two of which, Joy and Duke, are funded by majors Freeport McMoran and Boliden who can earn up to 70% by spending $105 million and $90 million respectively. Freeport optioned the Joy copper-gold porphyry project in May 2021 and has spent about $20 million to the end of 2022. The 48,200 ha Joy project adjoins to the north of the Kemess Mine now operated by Centerra Gold. Freeport, which drilled 15,427 m in 2022 for which results were still pending at the start of 2023, is delineating the Pine copper-gold system and testing district wide targets. Boliden optioned the 67,800 ha Duke project in November 2022 and immediately initiated a winter drill program. Duke, located 50 km north of the former Bell and Granisle copper mines in the Babine Lake region, is an emerging copper-molybdenum-silver discovery Amarc made in 2017. Amarc is operator of both projects. The company is headed by CEO Diane Nicolson and Chairman Bob Dickinson who with 29 million shares representing 16% is Amarc's largest shareholder. Amarc has for two decades been focused on grassroots exploration in British Columbia during a period when Northern Dynasty's now beleaguered Pebble copper-gold project in Alaska dominated the attention of the HDI group. Amarc appeared on track for a major emerging discovery in 2014 when it assembled the IKE copper-molybdenum-silver district located in southwestern British Columbia between Taseko's stalled New Prosperity copper-gold project and the Bralorne gold project to the south. IKE, which does not yet have a resource estimate, was first optioned to Thompson Creek in 2015 which dropped out after Centerra Gold...(see Profile for full Overview)
Last KRO Comment - Jan 3, 2022: Tracker: Speculative Value Rating for Amarc Resources Ltd
Recent News - Mar 2, 2023: Joy District Drilling Significantly Expands Pine Cu Au Deposit and Makes Important New Discovery at Canyon
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Ike 100% WI Canada Southwest BC 3-Discovery Delineation $24 Copper Molybdenum Silver Gold Porphyry
Duke 30% TC Canada Central BC 2-Target Drilling $80 Copper Gold Silver Molybdenum Porphyry
Joy 30% TC Canada Toodoggone 3-Discovery Delineation $80 Copper Gold Porphyry
Hearne 100% WI Canada Northern BC 2-Target Drilling $24 Copper Porphyry
Price:$0.600  Open Rec:See Strategy
Market Cap:$70,712,807  WC % of Mkt Cap:22%
Working Cap:$15,846,426  As of:9/30/2022
Issued:117,854,678  Insider %:18.3%
Diluted:127,337,227  Story Type:Resource: Discovery Exploration
Key People:Matti Talikka (CEO), David Lotan (Chair), Mark Serdan (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last KRO Comment - Jan 24, 2022: Tracker: Spec Value Rating for Aurion Resources Ltd
Recent News - Mar 22, 2023: Brokered Private Placement for up to C$5.0 Million
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Risti 100% WI Finland Other 3-Discovery Delineation $76 Gold Shear / Vein
Kutuvuoma 30% WI Finland Other 3-Discovery Delineation $255 Gold Orogenic Vein
Launi 100% WI Finland Other 2-Target Drilling $76 Gold Orogenic Vein
Silaskaira 30% TC Finland Other 1-Grassroots $255 Gold Orogenic Vein
Price:$0.880  Open Rec:See Strategy
Market Cap:$141,299,735  WC % of Mkt Cap:2%
Working Cap:$3,445,185  As of:9/30/2022
Issued:160,567,881  Insider %:29.3%
Diluted:176,198,597  Story Type:Resource: Discovery Exploration
Key People:Killian Charles (CEO), Robert P. Wares (Chair), Anthony Glavac (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last Corporate Change - Oct 6, 2020: 1:1 Name Change from Komet Resources Inc (KMT-V)
Recent News - Mar 21, 2023: Property Asset or Share Purchase Agreement
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Hearst 100% WI Canada Northwest Ontario 2-Target Drilling $155 Lithium Pegmatite
Pontiac 100% WI Canada Abitibi Belt 1-Grassroots $155 Lithium Pegmatite
Jan Lake 100% WI Canada Central Saskatchewan 1-Grassroots $155 Lithium Pegmatite
Anatacau 90% WI Canada James Bay 2-Target Drilling $172 Lithium Pegmatite
James Bay 100% WI Canada James Bay 1-Grassroots $155 Lithium Pegmatite
Mythril-Rare Mineral 85% WI Canada James Bay 2-Target Drilling $182 Lithium Pegmatite
Plex 90% WI Canada James Bay 2-Target Drilling $172 Lithium Pegmatite
Trans-Hudson 100% WI Canada La Ronge Belt 2-Target Drilling $155 Lithium Pegmatite
Catamaran 100% WI Canada New Brunswick 1-Grassroots $155 Lithium Pegmatite
Hermitage 100% WI Canada Newfoundland 1-Grassroots $155 Lithium Pegmatite
South Mountain 100% WI Canada Nova Scotia 1-Grassroots $155 Lithium Pegmatite
Hankshaw 100% WI Canada 1-Grassroots $155 Lithium Pegmatite
Lake Athabasca 100% WI Canada Athabasca Basin 1-Grassroots $155 Lithium Pegmatite
Brunswick Belt 75% WI Canada Bathurst Camp 3-Discovery Delineation $207 Zinc Lead Silver Copper VMS
Mirage 100% WI Canada James Bay 2-Target Drilling $155 Lithium Pegmatite
Lynn Lake 100% WI Canada Northern Manitoba 2-Target Drilling $155 Lithium Pegmatite
Caledonia 100% WI Canada New Brunswick 1-Grassroots $155 Tin Greisen
North Shore 100% WI Canada Southern Quebec 1-Grassroots $155 Lithium Pegmatite
Price:$0.375  Open Rec:See Strategy
Market Cap:$44,830,917  WC % of Mkt Cap:33%
Working Cap:$14,927,000  As of:10/31/2022
Issued:119,549,112  Insider %:2.7%
Diluted:171,204,213  Story Type:Resource: Discovery Exploration
Key People:Cory Belyk (CEO), Thomas Jr Graham (Chair), Harry Chan (CFO), Nathan Bridge (VP EX), Dianne M. Szigety (Sec),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last Corporate Change - Dec 30, 2013: New Exchange Listing
Last KRO Comment - Jul 21, 2022: Tracker: Outcome Visualization Canalaska: West McArthur as Arrow Clone
Recent News - Mar 7, 2023: CanAlaska Denison Mines JV Commences Drill Program on Moon Lake South
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
West McArthur 77.1% WI Canada Athabasca Basin 3-Discovery Delineation $83 Uranium Unconformity style
Cree East 100% WI Canada Athabasca Basin 2-Target Drilling $64 Uranium Unconformity style
Key Extension 100% WI Canada Athabasca Basin 2-Target Drilling $64 Uranium Unconformity style
McTavish 20% TC Canada Athabasca Basin 2-Target Drilling $321 Uranium Unconformity style
Moon Lake South 25% WI Canada Athabasca Basin 2-Target Drilling $257 Uranium Unconformity style
Waterbury East 20% WI Canada Athabasca Basin 2-Target Drilling $321 Uranium Unconformity style
Waterbury South 80% TC Canada Athabasca Basin 2-Target Drilling $80 Uranium Unconformity style
Manibridge-Resting-Halfway 100% WI Canada Thompson Belt 2-Target Drilling $64 Nickel Magmatic Segregation
AKP 100% WI Canada Athabasca Basin 2-Target Drilling $64 Diamond Kimberlite
Burrill 100% WI Canada Athabasca Basin 1-Grassroots $64 Uranium Unconformity style
Carswell 100% WI Canada Athabasca Basin 1-Grassroots $64 Uranium Unconformity
Chymko 100% WI Canada Athabasca Basin 1-Grassroots $64 Uranium Unconformity style
Kingston 100% WI Canada Athabasca Basin 1-Grassroots $64 Uranium Unconformity style
Marshall 100% WI Canada Athabasca Basin 1-Grassroots $64 Uranium Unconformity style
North Millenium 100% WI Canada Athabasca Basin 1-Grassroots $64 Uranium Unconformity style
Taggart 100% WI Canada Athabasca Basin 1-Grassroots $64 Uranium Unconformity style
Warren 100% WI Canada Athabasca Basin 1-Grassroots $64 Uranium Unconformity style
Waterbury West 2.00% NSR Canada Athabasca Basin 1-Grassroots $0 Uranium Unconformity style
Watson 100% WI Canada Athabasca Basin 1-Grassroots $64 Uranium Unconformity style
Mouse Mountain 100% WI Canada Central BC 2-Target Drilling $64 Copper Gold Porphyry
Ruttan 100% WI Canada Manitoba 2-Target Drilling $64 Gold Copper Zinc VMS
North Thompson 100% WI Canada Thompson Belt 2-Target Drilling $64 Nickel Magmatic Segregation
Price:$1.050  Open Rec:See Strategy
Market Cap:$153,854,543  WC % of Mkt Cap:20%
Working Cap:$31,372,555  As of:9/30/2022
Issued:146,528,136  Insider %:3.5%
Diluted:174,504,227  Story Type:Resource: Feasibility Demonstration
Key People:William R. Willoughby (CEO), Cassandra Joseph (Chair), Braam Jonker (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last Corporate Change - Jan 30, 2023: 1:1 Name Change from Cypress Development Corp (CYP-V)
Recent News - Feb 9, 2023: Century Lithium and Koch Technology collaborate on Li Pro process for commercial direct lithium extraction
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Clayton Valley 100% WI United States Nevada 7-Permitting & Feasibility $183 Lithium Clay
Gunman 20% TC United States White Pine 3-Discovery Delineation $916 Zinc Silver Carbonate Replacement
Price:$1.600  Open Rec:See Strategy
Market Cap:$281,180,882  WC % of Mkt Cap:1%
Working Cap:$2,417,769  As of:10/31/2022
Issued:175,738,051  Insider %:51.6%
Diluted:188,238,051  Story Type:Resource: Feasibility Demonstration
Key People:David Austin (CEO), Andrea Yuan (CFO), John T. Perry (COO),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last Corporate Change - Oct 12, 2010: 2:1 Name Change from Ananda Capital Corp (ANN.P-V)
Last KRO Comment - Apr 8, 2019: Tracker: Spec Value Rating for Colonial Coal International Corp (CAD-V)
Recent News - Feb 13, 2023: Investor Relations Partnership With Adelaide Capital
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Huguenot 100% WI Canada Northeast BC 6-Prefeasibility $301 Coal - Metallurgical Seams
Flatbed 100% WI Canada Northeast BC 6-Prefeasibility $301 Coal - Metallurgical Seams
Price:$0.215  Open Rec:See Strategy
Market Cap:$114,514,050  WC % of Mkt Cap:52%
Working Cap:$59,721,698  As of:10/31/2022
Issued:532,623,490  Insider %:39.4%
Diluted:765,420,712  Story Type:Resource: Feasibility Demonstration
Key People:Richard D. Williams (CEO), Patrick F. N. Anderson (Chair), Matthew Hird (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last Corporate Change - Jul 27, 2020: 1:1 Name Change from Strongbow Exploration Inc (SBW-V)
Last KRO Comment - Nov 28, 1994: Report Nov-Dec 1994: Nickelodeon Minerals Inc - 1995 Bottom-Fish 100
Recent News - Mar 6, 2023: Provides South Crofty Tin Project Update
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
South Crofty 100% WI United Kingdom Other 7-Permitting & Feasibility $165 Tin Copper Zinc Vein
Nickel King 100% WI Canada Northwest Territories 4-Infill & Metallurgy $165 Nickel Copper Cobalt Magmatic Segregation
United Downs 100% WI United Kingdom Other 3-Discovery Delineation $165 Tin Copper Vein
Sleitat 100% WI United States Alaska 3-Discovery Delineation $165 Tin Silver Greisen
Price:$2.400  Open Rec:See Strategy
Market Cap:$232,101,826  WC % of Mkt Cap:14%
Working Cap:$31,526,282  As of:8/31/2022
Issued:96,709,094  Insider %:9.7%
Diluted:100,159,094  Story Type:Resource: Feasibility Demonstration
Key People:Jean-Sebastien Lavallee (CEO), Eric Zaunscherb (Chair), Steffen Haber (Pres), Nathalie Laurin (CFO), Marcus Brune (VP FI),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last Corporate Change - Jun 19, 2019: 1:1 Name Change from Critical Elements Corp (CRE-V)
Recent News - Mar 13, 2023: Power Nickel Announces C$5 Million Private Placement
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Rose 100% WI Canada James Bay 7-Permitting & Feasibility $240 Lithium Tantalum Pegmatite
Nisk 20% TC Canada James Bay 4-Infill & Metallurgy $1,202 Nickel Copper Palladium Potash Ultramafic Complex
Lemare 25% TC Canada James Bay 3-Discovery Delineation $962 Lithium Pegmatite
Arques 100% WI Canada Quebec 2-Target Drilling $240 Rare-Earth-Metals Niobium Tantalum Peralkaline Intrusive
Bourier 30% TC Canada Quebec 2-Target Drilling $801 Lithium Pegmatite
Caumont 100% WI Canada Quebec 2-Target Drilling $240 Copper Nickel Platinum Palladium Gold Magmatic Segregation
Dumulon 100% WI Canada Quebec 1-Grassroots $240 Zinc Lead Gold Sedex
Duval 70% WI Canada Quebec 1-Grassroots $343 Nickel Copper Palladium Platinum Magmatic Segregation
Valiquette 100% WI Canada Quebec 2-Target Drilling $240 Nickel Copper Gold Palladium Platinum Magmatic Segregation
Price:$0.280  Open Rec:See Strategy
Market Cap:$30,916,404  WC % of Mkt Cap:33%
Working Cap:$10,289,295  As of:9/30/2022
Issued:110,415,727  Insider %:10.6%
Diluted:125,312,256  Story Type:Resource: Discovery Exploration
Key People:Timothy J. Termuende (CEO), Glen J. Diduck (CFO), Charles C. Downie (VP EX), Darren B. Fach (Sec),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last KRO Comment - Jun 15, 2021: Tracker: Eagle Plains drilling Donna for evidence of an intrusion related gold system
Recent News - Mar 20, 2023: Eagle Plains Options Hanson North Lithium Project to Brunswick Exploration
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Vulcan 100% WI Canada Southeast BC 2-Target Drilling $35 Zinc Lead Silver Sedex
Olson Lake 25% TC Canada La Ronge Belt 2-Target Drilling $140 Gold Orogenic Vein
Pine Channel 20% TC Canada Northern Saskatchewan 2-Target Drilling $175 Gold Mesothermal
Donna 100% WI Canada British Columbia 2-Target Drilling $35 Gold Intrusion Related Gold System
Adamant 100% WI Canada Southeast BC 2-Target Drilling $35 Rare-Earth-Metals Niobium Peralkaline Intrusive
Findlay 100% WI Canada Southeast BC 2-Target Drilling $35 Lead Zinc Sedex
Iron Range 20% TC Canada Southeast BC 2-Target Drilling $175 Copper Gold Zinc Lead Silver IOCG / Sedex
Dictator 100% WI Canada Southern BC 1-Grassroots $35 Gold Lead Zinc Intrusion Related Gold System
Wollaston 100% WI Canada Athabasca Basin 1-Grassroots $35 Uranium Unconformity style
Acacia 40% TC Canada Central BC 2-Target Drilling $88 Copper Zinc Lead Gold Silver VMS
Elsiar 100% WI Canada Golden Triangle 2-Target Drilling $35 Copper Molybdenum Gold Porphyry
Kalum 100% WI Canada Golden Triangle 2-Target Drilling $35 Gold Intrusion Related Gold System
Brownell Lake 100% WI Canada La Ronge Belt 4-Infill & Metallurgy $35 Copper Zinc VMS
Justice 100% WI Canada Northwest Territories 2-Target Drilling $35 Zinc Lead Mississippi Valley
Keg 100% WI Canada Northwest Territories 2-Target Drilling $35 Zinc Lead Mississippi Valley
MM 100% WI Canada Yukon Territory 2-Target Drilling $35 Zinc Lead Copper Silver Rare-Earth-Metals VMS
Rusty Springs 100% WI Canada Yukon Territory 2-Target Drilling $35 Zinc Copper Stratabound
Schotts Lake 100% WI Canada Saskatchewan 3-Discovery Delineation $35 Copper Zinc VMS
Dragon Lake 100% WI Canada Ross River 2-Target Drilling $35 Gold Sediment Hosted
Pelly Mountain 100% Wi Canada Ross River 1-Grassroots $35 Zinc Lead Silver Gold VMS
Black Diamond 100% WI Canada Southeast BC 2-Target Drilling $35 Silver Lead Zinc Vein
K9 100% WI Canada Southeast BC 2-Target Drilling $35 Copper Gold Sedex
Slocan 1.00% GOR Canada Southeast BC 2-Target Drilling $0 Graphite
Wildhorse 100% WI Canada Southeast BC 2-Target Drilling $35 Gold Vein
Coyote Creek 1.00% GOR Canada Southern BC 2-Target Drilling $0 Potash Gypsum Sediment Hosted
Ice River 100% WI Canada Southern BC 2-Target Drilling $35 Rare-Earth-Metals Niobium Intrusive Complex
Price:$0.260  Open Rec:See Strategy
Market Cap:$36,490,754  WC % of Mkt Cap:5%
Working Cap:$1,781,891  As of:9/30/2022
Issued:140,349,052  Insider %:49.5%
Diluted:163,425,233  Story Type:Resource: Discovery Exploration
Key People:Robert T. Boyd (CEO), Teresa Cheng (CFO), Darren O'Brien (VP EX),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last KRO Comment - Aug 8, 2022: Tracker: Latest Reliance drill results reveal much wider South Eagle Feeder Zone
Recent News - Feb 9, 2023: Drill results from Imperial Zone extends strike to 135 m with 3.63 gpt gold over 5.0 m and 3.52 gpt gold over 14.1 m
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Reliance 100% WI Canada Southwest BC 3-Discovery Delineation $42 Gold Orogenic Vein
Bandito 100% WI Canada Yukon Territory 2-Target Drilling $42 Niobium Tantalum Rare-Earth-Metals Intrusive Complex
Olympic 100% WI Canada Southwest BC 2-Target Drilling $42 Gold Orogenic Vein
Elephant Mtn 100% WI United States Alaska 2-Target Drilling $42 Gold Intrusion Related Gold System
Flint Lake 20.3% WI Canada Ontario 2-Target Drilling $209 Gold Orogenic Vein
Rattlesnake Hills 1.00% NSR United States Wyoming 3-Discovery Delineation $0 Gold Cripple Creek style
McCord Creek 100% WI United States Tintina Belt 1-Grassroots $42 Gold Intrusion Related Gold System
Price:$0.770  Open Rec:See Strategy
Market Cap:$94,719,577  WC % of Mkt Cap:13%
Working Cap:$11,881,749  As of:9/30/2022
Issued:123,012,438  Insider %:3.1%
Diluted:150,651,438  Story Type:Resource: Feasibility Demonstration
Key People:Paul Harbidge (CEO), Russell D. Ball (Chair), Graham Richardson (CFO), Stacey Pavalova (VP CD), Thomas Bissig (VP EX),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last Corporate Change - Nov 3, 2022: New Exchange Listing
Recent News - Mar 15, 2023: 2022 Financial Results
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Copper Creek 100% WI United States Arizona 5-PEA $116 Copper Molybdenum Breccia / Porphyry
Contact 100% WI United States Elko County 6-Prefeasibility $116 Copper Silver Contact Intrusive Related
Price:$0.750  Open Rec:See Strategy
Market Cap:$46,892,321  WC % of Mkt Cap:24%
Working Cap:$11,330,091  As of:9/30/2022
Issued:62,523,094  Insider %:37.8%
Diluted:72,404,066  Story Type:Resource: Discovery Exploration
Key People:Zachary Flood (CEO), Enoch Kong (CFO), Scott Smits (VP EX),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022
Last Corporate Change - Jan 13, 2021: 7:1 Name Change from Northway Resources Corp (NTW-V)
Recent News - Mar 6, 2023: The Commencement of Drilling at Chebistuan
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Frotet 20% WI Canada James Bay 3-Discovery Delineation $272 Gold Orogenic Vein
Chicobi 30% TC Canada Abitibi Belt 2-Target Drilling $181 Gold Orogenic Vein
Hunter 30% TC Canada Abitibi Belt 2-Target Drilling $181 Copper Zinc Iron Gold Silver VMS
Healy 70% WI United States Alaska 2-Target Drilling $78 Gold Orogenic Vein
Tanacross 30% TC United States Alaska 3-Discovery Delineation $181 Copper Gold Molybdenum Porphyry
O'Sullivan 30% TC Canada Abitibi Belt 2-Target Drilling $181 Gold Orogenic Vein
Chebistuan 20% TC Canada Chibougamau 1-Grassroots $272 Gold Orogenic Vein
Opinaca 3.00% NSR Canada James Bay 1-Grassroots $0 Lithium Pegmatite
Rupert 2.00% NSR Canada James Bay 1-Grassroots $0 Lithium Pegmatite
Fox River 2.00% NSR Canada Northern Manitoba 1-Grassroots $0 Nickel Palladium Platinum Layered Intrusive Complex
Wheatcroft 3.00% NSR Canada Northern Manitoba 1-Grassroots $0 Gold Orogenic Vein
Separation Rapids 2.50% NSR Canada Northwest Ontario 1-Grassroots $0 Lithium Pegmatite
South Uchi 100% WI Canada Northwest Ontario 1-Grassroots $54 Gold Orogenic Vein
South Thompson 100% WI Canada Thompson Belt 1-Grassroots $54 Nickel Magmatic Segregation
Napolean 1.00% NSR United States Alaska 1-Grassroots $0 Gold Intrusion Related Gold System
Price:$0.165  Open Rec:See Strategy
Market Cap:$11,764,751  WC % of Mkt Cap:52%
Working Cap:$6,175,046  As of:9/30/2022
Issued:71,301,524  Insider %:20.2%
Diluted:80,287,868  Story Type:Resource: Feasibility Demonstration
Key People:Jean-Sebastian David (CEO), Serge Savard (Chair), Anthony Glavac (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022: NioBay Metals Inc was made a Fair Spec Value rated 2023 Favorite at $0.18 on December 30, 2022 based on early evidence a major new niobium bearing carbonatite has been discovered under a lake a few km to the west of the existing low grade Crevier syenite dyke hosted niobium-tantalum deposit located in southern Quebec about 150 km northwest of the Niobec Mine now owned by a private group called Magris which owns 27.5% of Crevier. The stock was rated a Good Spec Value Favorite in 2020 and 2021 based on the PEA completed in late 2020 for the James Bay carbonatite hosted niobium deposit in northern Ontario near the town of Moosonee. This deposit was discovered in the 1960s but never developed because of its remote location and the superior Niobec deposit in southern Quebec. NioBay acquired the James Bay project in early 2016 but could not start work because the chief of the Moose Cree First Nation, who represented an anti-mining stance with an emphasis on traditional Indigenous activities such as hunting, fishing and trapping, refused to engage in consultations with NioBay as required by Ontario's drill permitting process. She was ousted in mid 2019 tribal council elections and replaced by a new chief who engaged with NioBay in a manner that would protect community interests. This allowed NioBay to conduct a drill program in 2020 to support an updated resource and delivery of a PEA in October 2020 for a 6,600 tpd open pit mining scenario. Open pit mining was chosen over underground mining because the Moosonee community members preferred jobs operating equipment above ground rather than underground. At the base case price of $45/kg ferro-niobium James Bay has an after-tax NPV ranging from USD $638 million at 10% to $1.25 billion at 5% discount rates with an IRR of 30.4%. Wit...(see Profile for full Overview)
Last Corporate Change - Sep 21, 2016: 5:1 Name Change from MDN Inc (MDN-V)
Last KRO Comment - Dec 19, 2022: Tracker: Speculative Value Rating for NioBay Metals Inc
Recent News - Feb 28, 2023: Signing of a Cooperation Agreement with the Pekuakamiulnuatsh Nation for the Crevier Project
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
James Bay 100% WI Canada James Bay Lowlands 6-Prefeasibility $13 Niobium Carbonatite
Crevier 72.5% WI Canada Central Quebec 7-Permitting & Feasibility $18 Tantalum Niobium Carbonatite
Valentine 100% WI Canada James Bay Lowlands 2-Target Drilling $13 Niobium Carbonatite
Gouin 100% WI Canada Southern Quebec 2-Target Drilling $13 Niobium Carbonatite
Price:$0.930  Open Rec:See Strategy
Market Cap:$60,235,052  WC % of Mkt Cap:9%
Working Cap:$5,523,000  As of:9/30/2022
Issued:64,768,873  Insider %:15.1%
Diluted:70,200,123  Story Type:Resource: Feasibility Demonstration
Key People:Christopher E. Herald (CEO), Brian Labadie (Chair), James R. Maronick (CFO), Walter H. Hunt (COO),
SV Rating: Fair Spec Value - Favorite - as of December 30, 2022: Solitario Zinc Corp was made a Fair Spec Value rated 2023 Favorite at $0.84 on Decxember 30, 2022 based on the potential of the relatively new Golden Crest project in South Dakota to turn into a major gold discovery, and the sleeper potential of the company's Florida Canyon and LIK zinc projects. The key missing piece is a plan of operations permit which would allow Solitario to begin drilling targets it has developed on the 13,500 ha Golden Crest project which the junior began assembling in early 2021. Environmental assessment work was initiated in February 2022 and approval is expected in Q2 of 2023 with drilling underway in H2 of 2023. Golden Crest covers an unexplored plateau to the west of the Black Hills where 93 million ounces have been identified within a 12,000 ha area. Of these 68.3 million ounces are attributable to the Precambrian basement hosted banded-iron-formation Homestake deposit, 8.2 million ounces to the Paleozoic sediment hosted Wharf Mine, and the rest in a variety of deposits including the Richmond Hill/Maitland land package assembled by Bob Quartermain's Dakota Gold Corp. Whereas the exploration activity in the Black Hills to the east involves rethinking the existing geology in the hope that past exploration overlooked significant gold zones, Solitario's work at Golden Crest to the west is old-fashioned grassroots exploration so far limited to geophysical surveys with surface prospecting and trenching. Golden Crest has seen limited exploration beyond a few old-timer prospect pits that didn't come up with much, and several scout holes drilled by Homestake in the 1990s which confirmed the presence of Homestake Formation within the Precambrian basement at a depth of 300-400 m but never attracted further attention from Homestake. The major also condu...(see Profile for full Overview)
Last Corporate Change - Jul 18, 2017: 1:1 Name Change from Solitario Expl & Royalty Corp (SLR-T)
Last KRO Comment - Dec 20, 2022: Tracker: Speculative Value Rating for Solitario Zinc Corp
Recent News - Feb 28, 2023: Cuts 234 Meters of 0.82 GPT Gold and 27 Meters of 3.22 GPT Gold in Trenches at Spur and Zig Zag Gold Zones; Open in Multiple Directions
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Golden Crest 100% WI United States South Dakota 2-Target Drilling $65 Gold Banded Iron Formation
Florida Canyon 30% FC Peru Northern Peru 5-PEA $218 Zinc Lead Silver Mississippi Valley
Lik 50% WI United States Alaska 5-PEA $131 Zinc Lead Silver Sedex
 

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