| | People Tree for Amarc Resources Ltd (AHR-V)
Issued
186,602,894 |
Price
$0.14 |
Working Capital
$4,221,265 |
Story Type
Discovery Exploration |
Diluted
199,259,364 |
Insiders
16.0% |
As of
9/30/2022 |
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 acquired Thompson in 2017. In mid 2017 Hudbay optioned both IKE and Joy, but dropped out in early 2019 after spending nearly $10 million when Waterton launched a proxy battle. Amarc, which had a weak treasury supported by loans from Dickinson, spent the next two years bottom-crawling below $0.10 until the Joy farmout in 2021 woke up the company. Market interest strengthened with the Duke farmout because one never knows when a major like Freeport might suddenly lose interest, but it will take at least a year before Boliden is in any danger of losing interest. In May 2022 Amarc also quietly optioned the Hearne Hill project for $1 million in the form of $100,000 annual payments. Hearne Hill is south of Duke and southeast of Pacific Booker's Morrison copper-gold porphyry project which is stalled because of proximity to Morrison Lake. Hearne Hill is inland and hosts a copper breccia pipe system that underwent small scale mining but which Amarc plans to rethink as a bulk tonnage copper system. The main reason, however, for making Amarc a 2023 Favorite is its plan to revisit the Empress area at the northern end of the 100% owned IKE project. The Empress area represents a gold enriched copper replacement system within older volcanics and sediments off-board the northern boundary of the Coast Plutonic Complex. Amarc would also like to do enough drilling of IKE to allow a maiden resource estimate. Working capital as of September 30, 2022 was about $3 million, not enough to mount a major program. But with 199 million shares fully diluted and the last financing done in 2017 there is no market overhang if Bob Dickinson comes through with his threat to emerge from semi-retirement and turn Amarc into the success story that has eluded it for two decades. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Robert A. Dickinson |
Geologist |
4/1/1993 |
 |
|
|
Chairman |
28,969,687 |
15.5% |
| Diane Nicolson |
Geologist |
2/27/2008 |
|
|
|
CEO & President |
718,000 |
0.4% |
| Scott D. Cousens |
Administrator |
9/1/1995 |
|
|
|
|
148,300 |
0.1% |
| T. Barry Coughlan |
Businessperson |
2/1/2009 |
|
|
|
|
86,000 |
0.0% |
| Roy Greig |
Geologist |
1/31/2022 |
|
|
|
VP Exploration |
0 |
0.0% |
| KIN Communications Inc |
Investor Relations |
7/8/2022 |
|
|
|
IR |
0 |
0.0% |
| Michael Lee |
Accountant |
1/21/2019 |
|
|
|
CFO |
0 |
0.0% |
| Mark Rebagliati |
Geologist |
11/21/2019 |
|
|
|
Advisory Board |
0 |
0.0% |
| Jeannine P. M. Webb |
Accountant |
10/4/2021 |
|
|
|
CFO |
0 |
0.0% |
Issued
232,066,303 |
Price
$0.03 |
Working Capital
$20,829,973 |
Story Type
Feasibility Demonstration |
Diluted
237,332,803 |
Insiders
37.2% |
As of
10/31/2022 |
Key People
Andrew Ing (CEO), Marchand Snyman (Chair), Luqman Khan (CFO), Bryce Hamming (CFO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Robert A. Dickinson |
Geologist |
6/7/2011 |
|
|
|
|
4,149,515 |
1.8% |
| Scott D. Cousens |
Administrator |
6/7/2011 |
|
|
|
|
2,318,040 |
1.0% |
| T. Barry Coughlan |
Businessperson |
6/7/2011 |
|
|
|
|
100,000 |
0.0% |
| Marchand Snyman |
Accountant |
2/1/2013 |
|
|
|
Chairman |
347,100 |
0.1% |
| Peter C. Mitchell |
Accountant |
6/7/2011 |
|
|
|
|
83,800 |
0.0% |
| Andrew Ing |
Accountant |
6/19/2020 |
|
|
|
CEO & President |
0 |
0.0% |
| Michael Wolley |
Engineer |
10/16/2013 |
|
|
|
|
0 |
0.0% |
| Todd Minerals Ltd |
Private Company |
10/16/2013 |
|
|
|
|
79,204,598 |
34.1% |
| Bryce Hamming |
Accountant |
6/7/2011 |
|
|
|
CFO |
128,300 |
0.1% |
| Peter Grandich |
Investor Relations |
6/24/2011 |
|
|
|
IR |
0 |
0.0% |
| Luqman Khan |
Accountant |
6/19/2020 |
|
|
|
CFO |
0 |
0.0% |
Issued
153,730,527 |
Price
$2.59 |
Working Capital
$13,184,238 |
Story Type
Feasibility Demonstration |
Diluted
165,663,127 |
Insiders
35.4% |
As of
9/30/2010 |
Key People
Gerald S. Panneton (CEO), David J. Copeland (CEO), Zhi Wang (Chair), Ronald W. Thiessen (Chair), Jeffrey R. Mason (CFO), |
| Delisted: Continental Minerals, a Hunter-Dickinson company focused on its Xietongmen copper-gold porphyry project in Tibet where it has established a 6 milion pound copper and a 6 million ounce gold resource in all categories, agreed in September 2010 to be acquired by China's Jinchuan Group Ltd for $2.60 per share. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Scott D. Cousens |
Administrator |
11/1/1995 |
|
|
|
|
1,939,389 |
1.3% |
| Robert A. Dickinson |
Geologist |
11/1/1995 |
|
|
|
|
1,753,091 |
1.1% |
| Zhi Wang |
|
12/1/2006 |
|
|
|
Chairman |
2,276,784 |
1.5% |
| David J. Copeland |
Engineer |
11/1/1995 |
|
|
|
CEO & President |
2,275,419 |
1.5% |
| Ronald W. Thiessen |
Accountant |
11/1/1995 |
|
|
|
Chairman |
1,925,420 |
1.3% |
| Jie (Jack) Yang |
|
12/1/2006 |
|
|
|
|
569,196 |
0.4% |
| Rene G. Carrier |
Administrator |
2/1/2001 |
|
|
|
|
195,500 |
0.1% |
| Gordon J. Fretwell |
Lawyer |
2/1/2001 |
|
|
|
|
88,750 |
0.1% |
| Gerald S. Panneton |
Geologist |
1/1/2006 |
|
|
|
CEO |
21,500 |
0.0% |
| Jianqing (Jack) Ma |
|
5/6/2010 |
|
|
|
|
0 |
0.0% |
| Lydia Yang |
|
|
|
|
|
|
0 |
0.0% |
| Zijin Mining Group Co. Ltd. |
Public Company |
10/21/2009 |
|
|
|
Placee |
21,121,495 |
13.7% |
| Jinchuan Group Ltd |
|
9/4/2007 |
|
|
|
Placee |
18,000,000 |
11.7% |
| Ross Smith Capital Group L.P. |
|
11/2/2010 |
|
|
|
|
2,178,000 |
1.4% |
| Jeffrey R. Mason |
Accountant |
11/1/1995 |
|
|
|
CFO |
2,013,989 |
1.3% |
Issued
109,415,138 |
Price
$0.08 |
Working Capital
($796,491) |
Story Type
Feasibility Demonstration |
Diluted
129,577,507 |
Insiders
7.6% |
As of
9/30/2022 |
Key People
Nelson W. Baker (CEO), Maribel Jordan (CFO), John S. Morita (CFO), Robert Brozdowski (VP OP), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| T. Barry Coughlan |
Businessperson |
12/31/2014 |
|
|
|
|
953,000 |
0.9% |
| KIN Communications Inc |
Investor Relations |
8/23/2010 |
|
|
|
IR |
0 |
0.0% |
| Nelson W. Baker |
Engineer |
11/13/2009 |
|
|
|
CEO & President |
2,875,866 |
2.6% |
| Steven Albertsen |
Engineer |
2/8/2023 |
|
|
|
|
2,721,140 |
2.5% |
| Brian Corrall |
Accountant |
1/18/2018 |
|
|
|
|
937,960 |
0.9% |
| Terrence A. Lyons |
Engineer |
4/8/2019 |
|
|
|
Advisory Board |
300,000 |
0.3% |
| Trevor Thomas |
Lawyer |
9/21/2016 |
|
|
|
|
150,000 |
0.1% |
| John S. Morita |
Accountant |
9/30/2009 |
|
|
|
CFO |
362,000 |
0.3% |
| Robert Brozdowski |
Geologist |
3/27/2017 |
|
|
|
VP Operations |
0 |
0.0% |
| Curt E. Hogge |
|
3/27/2017 |
|
|
|
Chief Geologist |
0 |
0.0% |
| Maribel Jordan |
|
11/21/2016 |
|
|
|
CFO |
0 |
0.0% |
| Kevin Leonard |
|
3/27/2017 |
|
|
|
Project Manager |
0 |
0.0% |
| David Shaw |
Consultant |
7/6/2017 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
100,511,009 |
Price
$0.03 |
Working Capital
($23,608,090) |
Story Type
Feasibility Demonstration |
Diluted
140,335,965 |
Insiders
2.9% |
As of
9/30/2022 |
Key People
Paul G. Anderson (CEO), Michael D. McInnis (Chair), Jeannine P. M. Webb (CFO), J Patrick Nicol (CFO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Jeannine P. M. Webb |
Accountant |
10/23/2020 |
|
|
|
CFO |
0 |
0.0% |
| Michael D. McInnis |
Geologist |
6/27/2002 |
|
|
|
Chairman |
1,463,581 |
1.5% |
| John McConnell |
Engineer |
9/15/2015 |
|
|
|
|
824,000 |
0.8% |
| Kerry M. Spong |
Accountant |
9/15/2015 |
|
|
|
|
335,000 |
0.3% |
| Thomas A. McKeever |
Businessperson |
3/1/2007 |
|
|
|
Chairman |
288,000 |
0.3% |
| J Patrick Nicol |
Administrator |
6/29/1999 |
|
|
|
CFO |
50,889 |
0.1% |
| Paul G. Anderson |
Geologist |
11/1/2017 |
|
|
|
CEO & President |
0 |
0.0% |
| Roman Friedrich |
Investment Banker |
11/7/2006 |
|
|
|
Advisory Board |
0 |
0.0% |
| Adrian King |
Geologist |
12/8/2020 |
|
|
|
Advisory Board |
0 |
0.0% |
| Ian M. MacNeily |
Accountant |
1/13/2011 |
|
|
|
VP |
0 |
0.0% |
Issued
11,101,026 |
Price
$0.29 |
Working Capital
($1,991,151) |
Story Type
Undefined |
Diluted
14,236,026 |
Insiders
157.0% |
As of
7/31/2020 |
Key People
John F. Cook (CEO), Thomas R. Tough (Chair), Victor Hugo (CFO), Ronald W. Sales (Sec), |
| Delisted: Firebird Resources Inc has a long history that goes back to the 1980s when it was called Pan Oceanic Ventures Inc before rolling back 5:1 and changing its name to Falcon Ventures Intl Corp on Dec 31, 1991. Falcon spent the 1990s chasing projects in Voisey's Bay and Indondesia. After a 10:1 rollback and name change to Falcon Ventures Inc on Dec 24, 2002 Falcon charged into the Carlin-type Botwood Basin play invented by Altius in Newfoundland. On June 26, 2007 Falcon changed its name back to Falcon Ventures Intl Corp, and on Nov 5, 2009 to Firebird with a 5:1 rollback. In Jan 2010 Thomas Tough became CEO and in June 2010 Firebird optioned the Buzzard-Jefferson project in South Carolina's Slate Belt where Romarco was advancing the Haille gold project. David Power who had pretty much run Falcon since 2000 left in Dec 2010. On Dec 24, 2010 Firebird split its stock 1:2. In Mar 2011 John Cook took over as CEO. In July 2011 Firebird raised $2.2 million via a non-brokered private placement at $0.60 taken down by a bunch of brokers just before a spinout of an Ontario prospect and $700,000 loan as GTO Resources Inc on a 1 GTO for 2 Firebird basis (now trades on CSE as Velocity Data Ltd). Firebird stopped reporting drill results in 2012 and sold the Jefferson project on May 25, 2016 to Pancontinental Uranium Corp for $72,000 and 716,667 shares. Firebird retains 70% interest in the Buzzard project. On May 5, 2016 Firebird announced a plan for a private placement of 10 million units at $0.025 that included a warrant exercisable for 90 days at $0.05 and then escalating to $0.15 for the rest of the year. This offering is open to non-accredited existing shareholders. The largest shareholder is Ned Goodman's Jodomada Foundation at 8,320,000 shares. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| KIN Communications Inc |
Investor Relations |
3/23/2011 |
|
|
|
IR |
0 |
0.0% |
| John F. Cook |
Engineer |
3/25/2011 |
|
|
|
CEO & President |
0 |
0.0% |
| Ken Ralfs |
Geologist |
10/26/2009 |
|
|
|
|
0 |
0.0% |
| Thomas R. Tough |
Geologist |
1/1/2010 |
|
|
|
Chairman |
0 |
0.0% |
| Pageland Minerals Ltd |
|
3/16/2011 |
|
|
|
|
9,056,603 |
81.6% |
| Jodomada Foundation |
Institution |
11/9/2012 |
|
|
|
Placee |
8,320,000 |
74.9% |
| Ronald W. Sales |
Retired |
10/23/2001 |
|
|
|
Corporate Secretary |
47,790 |
0.4% |
| David Doherty |
Merchant Banker |
3/21/2011 |
|
|
|
Advisory Board |
0 |
0.0% |
| Victor Hugo |
Accountant |
8/10/2020 |
|
|
|
CFO |
0 |
0.0% |
Issued
90,149,594 |
Price
$0.28 |
Working Capital
$2,659,448 |
Story Type
Discovery Exploration |
Diluted
111,824,055 |
Insiders
3.9% |
As of
9/30/2022 |
Key People
Simon Dyakowski (CEO), Philip Yee (CFO), Allen David Heyl (VP EX), Joseph Wilikins (VP EX), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Mark Rebagliati |
Geologist |
7/20/2016 |
|
|
|
|
75,500 |
0.1% |
| Stewart J. Lockwood |
Lawyer |
7/6/2007 |
|
|
|
Corporate Secretary |
1,372,333 |
1.5% |
| James Schilling |
Consultant |
11/21/2016 |
|
|
|
|
1,091,666 |
1.2% |
| J. Patricio Varas |
Mining Executive |
7/20/2016 |
|
|
|
|
268,499 |
0.3% |
| Joseph Wilikins |
Geologist |
7/24/2017 |
|
|
|
VP Exploration |
579,043 |
0.6% |
| Philip Yee |
Accountant |
6/22/2018 |
|
|
|
CFO |
80,347 |
0.1% |
| Neil MacRae |
Investor Relations |
9/11/2017 |
|
|
|
IR |
75,500 |
0.1% |
| Andrew W. Bowering |
Businessperson |
6/22/2020 |
|
|
|
Advisory Board |
0 |
0.0% |
| Commodity & Rohstoff TV |
Investor Relations |
5/28/2020 |
|
|
|
IR |
0 |
0.0% |
| Simon Dyakowski |
Analyst |
8/4/2020 |
|
|
|
CEO & President |
0 |
0.0% |
| Allen David Heyl |
Geologist |
4/12/2021 |
|
|
|
VP Exploration |
0 |
0.0% |
| David M. Jones |
Deceased |
2/19/2019 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
136,610,835 |
Price
$0.13 |
Working Capital
$828,825 |
Story Type
Feasibility Demonstration |
Diluted
173,285,760 |
Insiders
2.6% |
As of
9/30/2022 |
Key People
Michael Bandrowski (CEO), Nicholas Tintor (Chair), James Kirke (CFO), Jeannine P. M. Webb (CFO), William J. McGuinty (VP EX), |
| SV Rating: Fair Spec Value - as of December 14, 2021: Big Ridge Gold Corp has a Bottom-Fish Spec Value rating following a reorganization that involved merging an Endeavour Financial backed royalty disaster called Empress with Rick Mazur's Kate Kempton savaged Alto Ventures following the spinout of Alto's royalty portfolio. Mike Bandrowski has emerged as the new CEO and among the first orders of business was the negotiation of a deal with the Bunibonibee Cree Nation that allows exploration to proceed at the Oxford Lake project in northern Manitoba. Alto had revived the former Noranda project in 2017 by assembling a district scale land package covering 30 km of prospective banded iron formation. Noranda had originally explored the area for base metal deposits and became distracted when it found the BIF-hosted Rusty gold zone for which a non 43-101 resource of 154,000 oz at 6 g/t gold was outlined to a depth of 700 m. Noranda found another zone called Blue Jay for which several parallel lenses were established but this received less work before Noranda lost interest. Alto, which wanted to assess Oxford Lake for a Musselwhite or Meliadine scale gold system was to start a drill program in January 2018 when Kate Kempton showed up in late 2017 and persuaded the chief that an archaeological survey should be done before drilling starts. That would not have been a problem for Alto except that it was already winter, so the drill program was shelved. Bandrowski got the First Nations on side in late 2020 and a drill program was scheduled for Q1 of 2021 which would intiially assess the Rusty and Blue Jay zones. The work would be funded by a $3 million private placement done at $0.10 in conjunction with the Empress-Alto merger-rollback done in September 2020. However, Big Ridge was unable to complete the archeaological study which required oral interviews of elders because First Nations communities in northern Manitoba were hit hard by the covid-19 pandemic. Big Ridge has postponed drilling to January 2022, so any upside during 2021 will have to come from new acquisitions. Big Ridge has sold the Geraldton-Beardmore claims to a private company that plans to go public and on Nov 30 agreed to sell the Destiny gold deposit to Clarity Gold Corp for CAD $8.5 million in cash and stock over 3 years. Although Big Ridge has only 46.4 million shares issued it has a substantial warrant overhang that brings fully diluted to 83.5 million. This includes 22,325,000 wrrants at $0.20 until May 29, 2022. The Oxford Lake drilling will need results substantially new and big for the stock to develop an uptrend beyond that overhang, but this company has not been structured to be at the mercy of exploration luck. The plan is to acquire a more advanced project, and given that Destiny with its 612,000 oz at 1 g/t gold is being sold, one has reason to expect something bigger. But until that happens on good terms Big Ridge Gold Corp only qualifies for a Bottom-Fish Spec Value rating. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Jeannine P. M. Webb |
Accountant |
2/1/2015 |
|
|
|
CFO |
0 |
0.0% |
| Michael Bandrowski |
Geologist |
7/15/2020 |
|
|
|
CEO & President |
1,652,700 |
1.2% |
| Richard J. Mazur |
Geologist |
4/19/2004 |
|
|
|
Chairman |
650,840 |
0.5% |
| Nicholas Tintor |
Geologist |
10/29/2020 |
|
|
|
Chairman |
198,000 |
0.1% |
| James Maxwell |
Geoscientist |
1/17/2022 |
|
|
|
|
0 |
0.0% |
| Bill Williams |
Geologist |
1/21/2021 |
|
|
|
|
0 |
0.0% |
| Michael Gentile |
Fund Manager |
6/30/2021 |
|
|
|
|
1,026,500 |
0.8% |
| Jeff Burke |
Geochemist |
6/17/2021 |
|
|
|
Project Manager |
0 |
0.0% |
| Laurence Curtis |
Geologist |
3/2/2017 |
|
|
|
Advisory Board |
0 |
0.0% |
| James Kirke |
Accountant |
9/1/2020 |
|
|
|
CFO |
0 |
0.0% |
| William J. McGuinty |
Geologist |
2/3/2022 |
|
|
|
VP Exploration |
0 |
0.0% |
| William Pearson |
Geologist |
6/17/2021 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
209,907,696 |
Price
$0.05 |
Working Capital
($861,220) |
Story Type
Feasibility Demonstration |
Diluted
224,682,696 |
Insiders
22.8% |
As of
9/30/2022 |
Key People
Tracy A. Moore (CEO), Anthony Wong (CFO), Michael Lee (CFO), Peter Shearing (COO), Reginald Felix (VP EX), Gordon J. Fretwell (Sec), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Michael Lee |
Accountant |
9/14/2020 |
|
|
|
CFO |
0 |
0.0% |
| Tracy A. Moore |
Accountant |
9/7/2012 |
|
|
|
CEO & President |
11,855,500 |
5.6% |
| Gordon J. Fretwell |
Lawyer |
12/17/2009 |
|
|
|
Corporate Secretary |
5,005,667 |
2.4% |
| Peter Shearing |
Engineer |
9/7/2012 |
|
|
|
COO |
1,730,000 |
0.8% |
| William Purcell |
|
9/7/2012 |
|
|
|
|
1,330,000 |
0.6% |
| Christopher Goodman |
Businessperson |
3/28/2016 |
|
|
|
|
0 |
0.0% |
| Mark Peters |
Accountant |
3/21/2017 |
|
|
|
|
0 |
0.0% |
| Huai Yong Wang |
Broker |
10/27/2012 |
|
|
|
Placee |
18,000,000 |
8.6% |
| Qiufeng (Rojer) Li |
|
11/8/2012 |
|
|
|
Advisory Board |
10,000,000 |
4.8% |
| Reginald Felix |
Geologist |
5/1/2010 |
|
|
|
VP Exploration |
0 |
0.0% |
| David Lentz |
Academic |
4/30/2010 |
|
|
|
Advisory Board |
0 |
0.0% |
| Linx Inc |
Investor Relations |
1/18/2010 |
|
|
|
IR |
0 |
0.0% |
| Jack Liton |
Retired |
6/9/2011 |
|
|
|
Advisory Board |
0 |
0.0% |
| Proactive Investors LLC |
Investor Relations |
6/14/2022 |
|
|
|
IR |
0 |
0.0% |
| Robert W. Schafer |
Geologist |
3/21/2017 |
|
|
|
Advisory Board |
0 |
0.0% |
| Anthony Wong |
Accountant |
8/17/2021 |
|
|
|
CFO |
0 |
0.0% |
Issued
89,150,958 |
Price
$0.52 |
Working Capital
($15,919,000) |
Story Type
Feasibility Demonstration |
Diluted
155,032,958 |
Insiders
51.8% |
As of
9/30/2022 |
Key People
Sarah Armstrong-Montoya (CEO), David Garratt (CFO), Chris Cairns (CFO), Mark Gibson (COO), Charles N. Forster (VP EX), Eugene K. Schmidt (VP EX), Sally Whittall (Sec), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Diane Nicolson |
Geologist |
8/3/2022 |
|
|
|
|
0 |
0.0% |
| William Orchow |
Consultant |
3/31/2014 |
|
|
|
|
48,953 |
0.1% |
| Govind Friedland |
|
4/20/2016 |
|
|
|
|
19,813 |
0.0% |
| Luis V. Gonzalez |
Consultant |
9/25/2020 |
|
|
|
|
0 |
0.0% |
| Huaisheng Peng |
Engineer |
9/25/2020 |
|
|
|
|
0 |
0.0% |
| Ivanhoe Electric Inc |
Private Company |
5/31/2016 |
|
|
|
|
34,240,451 |
38.4% |
| Intera Mining Investment Ltd |
Private Company |
9/25/2020 |
|
|
|
|
11,009,702 |
12.3% |
| Paulino Rene Dias |
|
6/30/2015 |
|
|
|
|
755,070 |
0.8% |
| CMP Gold Trust |
Institution |
12/6/2012 |
|
|
|
|
78,431 |
0.1% |
| Mario Stifano |
Accountant |
3/31/2014 |
|
|
|
Advisory Board |
18,970 |
0.0% |
| Yves Gervais |
|
9/21/2010 |
|
|
|
|
16,481 |
0.0% |
| David J. Reading |
Geologist |
3/31/2014 |
|
|
|
|
3,548 |
0.0% |
| Sally Whittall |
|
3/29/2010 |
|
|
|
Corporate Secretary |
1,048 |
0.0% |
| Sarah Armstrong-Montoya |
Lawyer |
4/26/2021 |
|
|
|
CEO & President |
0 |
0.0% |
| Kevin Bales |
Accountant |
3/29/2010 |
|
|
|
CFO |
0 |
0.0% |
| Chris Cairns |
Accountant |
4/1/2020 |
|
|
|
CFO |
0 |
0.0% |
| Charles N. Forster |
Geoscientist |
4/1/2019 |
|
|
|
VP Exploration |
0 |
0.0% |
| David Garratt |
Accountant |
7/23/2021 |
|
|
|
CFO |
0 |
0.0% |
| Mark Gibson |
Geologist |
8/21/2017 |
|
|
|
COO |
0 |
0.0% |
| Ernesto Lima |
Engineer |
8/16/2021 |
|
|
|
VP |
0 |
0.0% |
| Eugene K. Schmidt |
Engineer |
4/9/2018 |
|
|
|
VP Exploration |
0 |
0.0% |
| Cybill Tsung |
Accountant |
7/27/2017 |
|
|
|
Consultant |
0 |
0.0% |
Issued
475,003,617 |
Price
$0.79 |
Working Capital
$21,775,000 |
Story Type
Producer |
Diluted
514,160,317 |
Insiders
16.4% |
As of
9/30/2010 |
Key People
J. Richard H. Whittingham (CEO), Ronald W. Thiessen (Chair), Kevin Weston (COO), |
| Delisted: Farallon Mining Ltd operates the G-9 zinc, copper, silver, gold and lead mine at its Campo Morado Property in Mexico that reached commercial production in April, 2009. Farallon expects to produce at an annualized production rate of 120 million pounds of zinc and 15 million pounds of copper for the remainder of 2009. The company, led by Dick Whittington, president and chief executive officer, has as its ultimate goal that of becoming a low-cost, multimine, midtier mining company. In March 2011 the company delisted, having been acquired by Nyrstar Canada (Holdings) Ltd., a subsidiary of Nyrstar NV, for 80 cents cash per Farallon share. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| T. Barry Coughlan |
Businessperson |
3/1/1998 |
|
|
|
|
170,000 |
0.0% |
| Ronald W. Thiessen |
Accountant |
8/1/1994 |
|
|
|
Chairman |
934,900 |
0.2% |
| J. Richard H. Whittingham |
|
9/1/2004 |
|
|
|
CEO & President |
439,000 |
0.1% |
| Gordon D. Ulrich |
Businessperson |
4/1/2007 |
|
|
|
|
50,000 |
0.0% |
| Michael G Weedon |
|
4/1/2007 |
|
|
|
|
50,000 |
0.0% |
| William E. Stanley |
Engineer |
4/1/2007 |
|
|
|
|
15,000 |
0.0% |
| Eduardo Arellano Luna |
|
1/16/2008 |
|
|
|
|
0 |
0.0% |
| Terrence A. Lyons |
Engineer |
4/1/2007 |
|
|
|
|
0 |
0.0% |
| Acuity Investment Management Inc |
Fund Manager |
5/22/2009 |
|
|
|
|
76,366,600 |
16.1% |
| Kevin Weston |
Consultant |
6/10/2009 |
|
|
|
COO |
0 |
0.0% |
Issued
170,840,930 |
Price
$0.10 |
Working Capital
$2,574,486 |
Story Type
Discovery Exploration |
Diluted
215,752,314 |
Insiders
13.9% |
As of
8/31/2022 |
Key People
Richard J. Mazur (CEO), Anthony D. N. Balme (Chair), Jeannine P. M. Webb (CFO), Rebecca Hunter (VP EX), Craig Christy (VP CD), Ken Wheatley (VP EX), Jacqueline Collins (Sec), |
| SV Rating: Bottom-Fish Spec Value - as of November 28, 2022: Forum Energy Metals Corp was first assigned a Bottom-Fish Spec Value rating at $0.045 on December 14, 2018 based on its newly 100% optioned Janice Lake copper-silver project in northern Saskatchewan. 2019 was a pivotal year for Forum which optioned Janice Lake to Rio Tinto and the Fir Island uranium prospect in the Athabasca Basin to Orano, staked the Love Lake complex, and attracted a new financial backer based in the UK. On December 31, 2019 Forum was made a 2020 Favorite at $0.09 with a Bottom-Fish Spec Value rating, which delivered a 188% gain to $0.25 at the end of 2020 when it was upgraded to a Fair Spec Value rating and made a 2021 Favorite. Forum's partners have had bad luck with regard to their winter programs. In Q1 of 2020 Rio Tinto built a winter road to Janice Lake but was unable to move in equipment for an 80 man camp due to the covid outbreak and lockdown. Orano's drill program at Fir Island was similarly interrupted by covid. In Q1 of 2021 not only did winter have a late start in February, but the spring thaw showed up early in mid March. What was supposed to be a 12 week winter drill season for Rio Tinto and Orano lasted only 6 weeks. Rio Tinto got only 9 holes for 2,330 m done on the Rafuse target out of a planned 6,000 m program. Orano got 10 holes for 3,000 m of a planned 5,000 m program done, but these were situated on land with the best targets under the lake not drilled because the ice never got thick enough to be safe. Assays for both programs are expected to start arriving in mid May. Although Rio Tinto has not formally decided to resume work in June with helicopter supported drilling, it did leave its 2 rigs at the camp. Orano will not be able to resume drilling until Q1 of 2022. The Rafuse copper-silver results are important but expectations for a uranium discovery at Fir Island are low. The big story for Forum in 2021 will be the 100% owned Love Lake nickel-copper-PGM project where it will conduct an EM survey in May on 5 targets generated by a 2020 property-wide magnetic survey. Assuming the EM survey yields conductors Forum will conduct a 3,000 m drill program in August. The company has $3.3 million working capital and 190.1 million shares fully diluted, with 36.6 million warrants at $0.10-$0.15 that could raise another $4-$5 million if exercised. Forum spent 2005-2017 as an Athabasca Basin uranium exploration junior headed by CEO Rick Mazur who in 2017 finally accepted that there was no reason to expect uranium prices to emerge from their sub $30/lb price funk any time soon. Building on the idea that uranium is an energy metal, he looked around for copper projects and in 2018 settled on optioning 100% of the Janice Lake project in Forum's backyard, 100 km southeast of the Athabasca Basin, which he sub-optioned 80% to Rio Tinto in 2019 (see Tracker May 10, 2019 for background). Rio Tinto will vest for 51% when it has spent $10 million, and can elect to go to 80% by spending another $20 million over 3 years. Rio Tinto will have spent more than $10 million by the end of 2021, but will likely wait until the vesting deadline in late 2023 to give formal notice. Any money spent beyond $10 million will count toward the $20 million commitment if it elects to go to 80%. The copper-silver results for the winter drilling at the Rafuse target of the Janice Lake project will be important in providing support for Rio Tinto's hypothesis that the Wollaston Copper basin defined by the 52 km by 10 km property has potential to host 500 million tonnes of open-pittable sediment hosted copper-silver mineralization. Sediment-hosted copper deposits form in basins where fluids encounter receptive horizons whose reducing chemistry allows copper sulphides to drop out and form laterally extensive deposits of disseminated copper, often with a silver credit, usually with a grade below 1% copper. The exception is the African Copperbelt type deposit in the Katanga Basin such as Ivanhoe's Kamoa-Kakula where grades can be well above 1%. The best analog for Janice Lake is the Udokan deposit in Russia for which a Russian company called Baikal Mining Company LLC delivered a 2014 JORC proven and probable estimate of 1.4 billion tonnes at 1.05% copper and 10.8 g/t silver (the total resource is double that). A more modest analog is the Montanore deposit in Montana now owned by Hecla which has 97.6 million tonnes of 0.7% copper and 47 g/t silver but is untouchable from a permitting perspective. The problem with Udokan is that the basin which hosts this 20-30 m thick bed of copper mineralization is largely intact but has a mountain of barren rock sitting on top of it, so it needs to be underground mined (the Soviets apparently considered excavating the waste rock with a nuclear bomb!). While Udokan is flat lying with a mountain on top, the basin sediments at Janice Lake have undergone folding so that the originally flat-lying horizons are now sub-vertical with the possibility for multiple parallel near surface zones due to regional folding that could be mined as linear open pits if sufficiently mineralized (the Roberts and Juno targets are on separate mag lineras while Rafuse is on the same linear mag trend as Janice Lake). The fact that grades so far at Janice Lake are generally half those of Udokan may thus not be a limiting factor. Copper mineralization at Janice Lake occurs within a mafic rich horizon sandwiched between more felsic sediments which shows up as a linear magnetic anomaly. Rio Tinto flew a property wide magnetic survey in 2019 which confirmed the presence of several such parallel trends throughout the property. During 2019-2020 Rio Tinto focused its drilling on a 6 km segment centered on the original Janice Lake zone in order to understand the geology better. This revealed the Jansem zone for which Rio Tinto hoped to do a 43-101 resource estimate as a proof of concept. During the summer of 2020 Rio Tinto conducted mapping and prospecting in areas where linear mag anomalies showed up, and drilled 25 rotary air blast (RAB) holes on 7 targets (100 ft holes designed to get through overburden and sample bedrock, in effect prospecting bedrock with a small drill). The 2021 winter program intended to test 3 parallel targets to the northeast of Janice Lake: Rafuse, Roberts and Juno. The drilling at Rafuse apparently did intersect copper mineralization, but we need assays to find out about the copper and silver grades as well as the thickness of the mineralized beds. If copper grades are in the 0.4%-0.6% range it will support Rio Tinto's hypothesis that what they see at Janice Lake is representative of these beds throughout the property. If grades are higher it will boost the economic potential of the project by demonstrating that the so-so reaction to the project by past explorers was due a lower grade part of the mineralized beds happening to outcrop near Janice Lake. Rio Tinto will likely drill the Roberts and Juno targets in the summer of 2021 and also return to Rafuse to complete the interrupted winter program. The Roberts and Juno targets are important because they are on basin fold limbs that have never been drilled. Forum's most important project is the 32,075 ha Love Lake Ni-Cu-PGM play 60 km northeast of Janice Lake it staked in 2019 and which is explained in Tracker February 26, 2020. Forum completed a high resolution airborne magnetic survey in 2020 that can see to a depth of 2,000 m. It revealed 3 distinct magnetic features interpreted as magmatic feeder zones called the Road, Korvin and What Lake anomalies. Further processing revealed 2 additional targets called Tadpole and South Contact. Outcrop sampling over these targets resulted in depleted nickel values interpreted as evidence that the Love Lake ultramafic complex underwent the sort of magmatic segregation processes that allow massive sulphide nickel-copper mineralization to evolve within embayments and feeder dykes in the lower reaches of the magma chambers. The Love Lake complex is undisturbed except for a younger intrusion through the middle. The Road anomaly which is the largest and deepest has no past exploration drilling and is located next to Highway 905. In May 2021 Forum will fly an EM survey over these targets in an effort to identify conductors coincident with the magnetic anomalies which on their own need not represent metallic sulphides. But because there is no graphite in this sort of intrusive complex, conductors will represent metallic sulphides though not whether or not they include nickel, copper and possibly platinum group metals. The results of the survey will be available by the end of June; the degree of the market reaction will reflect the scale, location and depth of any conductors revealed. The analogs here are either a nickel-copper deposit like Voisey's Bay or a platinum-palladium rich system such as the Julimar discovery of Chalice Mining Ltd in Australia which has earned the ASX-listed junior a $2 billion valuation. Forum plans a 3,000 m drill program to begin in August. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Jeannine P. M. Webb |
Accountant |
11/3/2015 |
|
|
|
CFO |
0 |
0.0% |
| Anthony D. N. Balme |
Investment Banker |
10/16/2003 |
|
|
|
Chairman |
4,693,377 |
2.7% |
| Paul Dennison |
Investment Banker |
12/12/2019 |
|
|
|
|
3,651,351 |
2.1% |
| Richard J. Mazur |
Geologist |
5/28/2004 |
|
|
|
CEO & President |
3,005,712 |
1.8% |
| Burns S. Tennent-Bhohi |
Investment Banker |
2/12/2019 |
|
|
|
|
1,570,000 |
0.9% |
| Michael A. Steeves |
Investor Relations |
9/27/2006 |
|
|
|
|
484,849 |
0.3% |
| David J. Cowan |
Lawyer |
6/7/2006 |
|
|
|
|
217,851 |
0.1% |
| Larry Okada |
Accountant |
10/27/2009 |
|
|
|
|
179,851 |
0.1% |
| Janet Meiklejohn |
Investor Relations |
12/16/2021 |
|
|
|
|
0 |
0.0% |
| Holystone Energy Company |
Private Company |
12/5/2017 |
|
|
|
|
10,000,000 |
5.9% |
| James F. Allen |
Consultant |
6/29/2010 |
|
|
|
Advisory Board |
0 |
0.0% |
| Craig Christy |
|
12/10/2015 |
|
|
|
VP Corp Dev |
0 |
0.0% |
| Jacqueline Collins |
|
|
|
|
|
Corporate Secretary |
0 |
0.0% |
| Larry Hulbert |
Geoscientist |
8/26/2019 |
|
|
|
Advisory Board |
0 |
0.0% |
| Rebecca Hunter |
Geologist |
10/3/2022 |
|
|
|
VP Exploration |
0 |
0.0% |
| Kaye Wynn Consulting Inc |
Investor Relations |
9/5/2019 |
|
|
|
IR |
0 |
0.0% |
| Edward A. Schiller |
Geologist |
|
|
|
|
Advisory Board |
0 |
0.0% |
| Ken Wheatley |
Geologist |
|
|
|
|
VP Exploration |
0 |
0.0% |
Issued
102,584,918 |
Price
$1.48 |
Working Capital
$2,823,700 |
Story Type
Feasibility Demonstration |
Diluted
120,274,918 |
Insiders
38.9% |
As of
3/31/2016 |
Key People
Paul Matysek (CEO), Bassam Moubarek (CFO), David Keough (COO), Megan M. Cameron-Jones (Sec), |
| Delisted: Goldrock changed its name from Mansfield Minerals Ltd in January 2013. The company is the Latin American exploration vehicle for John and Gordon Leask who specialize in generating prospects from scratch. The focus since the mid nineties has been Argentina, where the flagship is the 100% owned Lindero gold project where a nearly two million ounce gold resource has been identified. The secondary focus is the Rio Grande IOCG project currently under option to Antares. In November 2008 Mansfield spunout its exploration portfolio into a new company, Pachamama Resources, in order to focus solely on the development or potential sale of 3 million ounce Lindero gold deposit. A feasibilty study for a potential open-pit operation at Lindero is expected during Q1 2013. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| KIN Communications Inc |
Investor Relations |
4/9/2014 |
|
|
|
IR |
0 |
0.0% |
| Paul Matysek |
Geologist |
10/1/2012 |
|
|
|
CEO & President |
3,132,000 |
3.1% |
| Chad Williams |
Engineer |
10/31/2013 |
|
|
|
|
500,000 |
0.5% |
| Megan M. Cameron-Jones |
Administrator |
10/1/1993 |
|
|
|
Corporate Secretary |
423,300 |
0.4% |
| David Keough |
Geologist |
11/1/2012 |
|
|
|
COO |
110,000 |
0.1% |
| Alexander A. Molyneux |
Mining Executive |
12/20/2012 |
|
|
|
|
20,000 |
0.0% |
| David Raffa |
|
3/23/2011 |
|
|
|
|
0 |
0.0% |
| Orion Fund JV Ltd |
|
9/2/2015 |
|
|
|
|
12,578,616 |
12.3% |
| Austral Gold Limited |
|
12/16/2013 |
|
|
|
|
11,560,000 |
11.3% |
| Waterton Precious Metals Fund II Cayman LP |
Merchant Banker |
12/10/2014 |
|
|
|
|
11,111,111 |
10.8% |
| Bassam Moubarek |
Accountant |
3/30/2016 |
|
|
|
CFO |
520,000 |
0.5% |
| David Guerrero |
|
2/28/2013 |
|
|
|
Advisory Board |
0 |
0.0% |
| Michael Hoffman |
Engineer |
2/28/2013 |
|
|
|
Advisory Board |
0 |
0.0% |
| Dean Mussatti |
Metallurgist |
2/28/2013 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
105,949,138 |
Price
$1.65 |
Working Capital
($2,447,545) |
Story Type
Feasibility Demonstration |
Diluted
151,774,548 |
Insiders
28.5% |
As of
9/30/2022 |
Key People
Doug Smith (Chair), Anthony Huston (Pres), Gordon Jang (CFO), Dale Hansen (CFO), Shane D. Beattie (CTO), Stanley Foo (COO), Brian M. Budd (Sec), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| KIN Communications Inc |
Investor Relations |
7/26/2021 |
|
|
|
IR |
0 |
0.0% |
| Anthony Huston |
Businessperson |
3/27/2012 |
|
|
|
President |
8,000 |
0.0% |
| Brian M. Budd |
Administrator |
3/27/2012 |
|
|
|
Corporate Secretary |
4,050 |
0.0% |
| Doug Smith |
Engineer |
1/29/2014 |
|
|
|
Chairman |
0 |
0.0% |
| Patrick R. Smith |
Geologist |
9/10/2014 |
|
|
|
|
0 |
0.0% |
| Taiga Mining Co, Inc |
|
6/27/2018 |
|
|
|
|
30,150,191 |
28.5% |
| Dale Hansen |
Accountant |
6/27/2012 |
|
|
|
CFO |
2,500 |
0.0% |
| Shane D. Beattie |
|
11/6/2019 |
|
|
|
CTO |
0 |
0.0% |
| Jerry Birch |
|
12/29/2017 |
|
|
|
Advisory Board |
0 |
0.0% |
| Stanley Foo |
|
6/11/2018 |
|
|
|
COO |
0 |
0.0% |
| Kevin Greenfield |
|
12/29/2017 |
|
|
|
Advisory Board |
0 |
0.0% |
| Gordon Jang |
Accountant |
3/1/2022 |
|
|
|
CFO |
0 |
0.0% |
| Scott Koych |
|
5/20/2014 |
|
|
|
Advisory Board |
0 |
0.0% |
| Mike Schaffner |
Engineer |
6/1/2022 |
|
|
|
VP |
0 |
0.0% |
| Rick Van Nieuwenhuyse |
Geologist |
11/23/2015 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
552,000,000 |
Price
$0.08 |
Working Capital
($49,266,000) |
Story Type
Producer |
Diluted
606,777,000 |
Insiders
0.3% |
As of
6/30/2012 |
Key People
Ferdinand Dippenaar (CEO), Ronald W. Thiessen (Chair), Joseph M. Driscoll (VP OP), |
| Delisted: Great Basin is a Hunter Dickinson company run by CEO Ferdinand Dippenar that has permitting-stage properties in South Africa's Witwatersrand Basin and Nevada's Carlin Trend. At its Hollister project in Nevada, Great Basin has a measured and indicated resource of 1.4 million gold ounces, and a July 2007 feasibility study indicated that a 400 TPD undergeround operation could produce 150,000 ounces of gold equivalent on an annual basis over a six year mine life with capital costs of $52 million. In South Africa, the 8 million gold ounce Burnstone project was described in a 2007 feasibility study as requiring $131 million in capital expenditures in order to produce 254,000 ounces per year over a 19 year mine life at total cash costs of $355 per ounce. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| T. Barry Coughlan |
Businessperson |
2/1/1998 |
|
|
|
|
100,000 |
0.0% |
| Patrick Cooke |
Accountant |
4/1/2006 |
|
|
|
|
525,252 |
0.1% |
| Ferdinand Dippenaar |
|
12/1/2005 |
|
|
|
CEO & President |
472,000 |
0.1% |
| Ronald W. Thiessen |
Accountant |
10/1/1993 |
|
|
|
Chairman |
468,531 |
0.1% |
| Anu Dhir |
|
5/1/2011 |
|
|
|
|
150,000 |
0.0% |
| Philip Kotze |
Engineer |
5/1/2011 |
|
|
|
|
0 |
0.0% |
| Octavia M Matloa |
|
5/1/2011 |
|
|
|
|
0 |
0.0% |
| Joshua Ngoma |
|
7/22/2009 |
|
|
|
|
0 |
0.0% |
| Joseph M. Driscoll |
Engineer |
10/31/2011 |
|
|
|
VP Operations |
0 |
0.0% |
Issued
158,301,502 |
Price
$0.09 |
Working Capital
$1,154,137 |
Story Type
Discovery Exploration |
Diluted
200,605,947 |
Insiders
41.7% |
As of
9/30/2022 |
Key People
Bart Jaworski (CEO), Daniel T. MacInnis (Chair), Jeannine P. M. Webb (CFO), David A. Furlong (COO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Jeannine P. M. Webb |
Accountant |
5/18/2022 |
|
|
|
CFO |
0 |
0.0% |
| Bart Jaworski |
Analyst |
12/4/2016 |
|
|
|
CEO |
3,357,301 |
2.1% |
| Brendan Cahill |
Lawyer |
12/4/2017 |
|
|
|
|
271,952 |
0.2% |
| Alessandro Bitelli |
Accountant |
12/4/2017 |
|
|
|
|
125,000 |
0.1% |
| Daniel T. MacInnis |
Geologist |
12/4/2017 |
|
|
|
Chairman |
50,000 |
0.0% |
| Ken Klassen |
Lawyer |
8/12/2020 |
|
|
|
|
0 |
0.0% |
| Glencore Canada Corp |
|
6/22/2021 |
|
|
|
|
36,323,515 |
22.9% |
| Michael Gentile |
Fund Manager |
6/22/2021 |
|
|
|
|
23,349,948 |
14.8% |
| David A. Furlong |
|
12/4/2016 |
|
|
|
COO |
2,500,000 |
1.6% |
| Spiros Cacos |
Investor Relations |
6/15/2018 |
|
|
|
IR |
0 |
0.0% |
| Torrey Hills Capital Inc |
Investor Relations |
9/14/2018 |
|
|
|
IR |
0 |
0.0% |
Issued
87,804,427 |
Price
$0.27 |
Working Capital
$28,049,929 |
Story Type
Discovery Exploration |
Diluted
87,804,427 |
Insiders
10.5% |
As of
1/31/2011 |
Key People
Brian Thurston (CEO), Jeannine P. M. Webb (CFO), John Nelson (VP EX), John R. Houghton (Sec), |
| Delisted: Lion Energy Corp, formerly Raytec Metals, is the reorganized structure of a former developer of protection for perishable products that acquired in April 2007 Aurex Copper Mines which had as its primary asset an option to acquire 17 uranium properties in the eastern Athabasca basin of Saskatchewan from North-Sask Ventures Ltd. Raytec has since acquired an iron ore deposit in Ontario as well. In September 2009 Raytec changed its name to Lion Energy. In November 2009 the company signed a non-binding letter of agreement to merge with Southern Star energy and Gold Star Resources, with the merged entity assuming the name Lion Energy. In June 2011 the company was delisted from the TSXV following its acquisition by Africa Oil Corp on the basis of 0.2 Africa Oil shares per Lion Energy share. Africa Oil was Lion Energy's JV partner on oil properties in Kenya and Somalia. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Jeannine P. M. Webb |
Accountant |
11/13/2008 |
|
|
|
CFO |
0 |
0.0% |
| Brian Thurston |
Geologist |
11/19/2007 |
|
|
|
CEO & President |
534,111 |
0.6% |
| David Birkenshaw |
Investment Banker |
9/28/2010 |
|
|
|
|
0 |
0.0% |
| Ian W. Gibbs |
Accountant |
4/1/2010 |
|
|
|
|
0 |
0.0% |
| Arthur Kwan |
Investment Banker |
2/28/2010 |
|
|
|
|
0 |
0.0% |
| R. Gordon McKay |
|
3/3/2010 |
|
|
|
|
0 |
0.0% |
| John Nelson |
|
1/26/2010 |
|
|
|
VP Exploration |
0 |
0.0% |
| K2 Principal Fund LP |
Institution |
5/27/2011 |
|
|
|
|
8,650,500 |
9.9% |
| John R. Houghton |
Lawyer |
11/13/2008 |
|
|
|
Corporate Secretary |
0 |
0.0% |
Issued
474,258,601 |
Price
$0.05 |
Working Capital
$3,215,716 |
Story Type
Feasibility Demonstration |
Diluted
503,244,801 |
Insiders
24.2% |
As of
9/30/2022 |
Key People
Garett Macdonald (CEO), John Hayes (Chair), Jeannine P. M. Webb (CFO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Jeannine P. M. Webb |
Accountant |
6/14/2017 |
|
|
|
CFO |
0 |
0.0% |
| Garett Macdonald |
Engineer |
11/8/2018 |
|
|
|
CEO & President |
1,375,600 |
0.3% |
| John Hayes |
Geologist |
11/8/2018 |
|
|
|
Chairman |
1,086,372 |
0.2% |
| Mark N. J. Ashcroft |
Engineer |
11/8/2018 |
|
|
|
|
580,000 |
0.1% |
| Peter Mercer |
|
2/15/2012 |
|
|
|
|
90,000 |
0.0% |
| Dundee Corporation |
Investment Banker |
4/13/2021 |
|
|
|
|
79,440,919 |
16.8% |
| Sprott Capital Partners LP |
|
10/20/2020 |
|
|
|
|
25,798,604 |
5.4% |
| Rambler Metals and Mining Canada Limited |
|
6/5/2012 |
|
|
|
Placee |
6,400,793 |
1.3% |
| Tania B. Shaw |
Investor Relations |
6/15/2020 |
|
|
|
IR |
0 |
0.0% |
| Soar Financial Partners |
Investor Relations |
6/15/2020 |
|
|
|
IR |
0 |
0.0% |
Issued
54,065,043 |
Price
$0.76 |
Working Capital
$5,250,084 |
Story Type
Discovery Exploration |
Diluted
57,850,043 |
Insiders
25.9% |
As of
9/30/2022 |
Key People
Patrick C. Evans (CEO), Timothy W. Heenan (Pres), Carmen Cazares (CFO), Jonathan Rosset (VP CD), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Diane Nicolson |
Geologist |
3/15/2019 |
|
|
|
|
0 |
0.0% |
| John Tognetti |
Broker |
12/5/2013 |
|
|
|
|
12,367,320 |
22.9% |
| Nick Demare |
Accountant |
2/1/2005 |
|
|
|
|
165,500 |
0.3% |
| Patrick C. Evans |
Mining Executive |
8/20/2016 |
|
|
|
CEO |
10,000 |
0.0% |
| Timothy C. Moody |
Mining Executive |
9/15/2021 |
|
|
|
|
0 |
0.0% |
| Timothy W. Heenan |
Geologist |
10/1/2003 |
|
|
|
President |
1,440,201 |
2.7% |
| Carmen Cazares |
Accountant |
1/4/2022 |
|
|
|
CFO |
0 |
0.0% |
| Jonathan Rosset |
Investor Relations |
1/1/2018 |
|
|
|
VP Corp Dev |
0 |
0.0% |
Issued
326,838,233 |
Price
$0.10 |
Working Capital
$25,705,000 |
Story Type
Feasibility Demonstration |
Diluted
326,838,233 |
Insiders
18.8% |
As of
9/30/2022 |
Key People
Cathy Zhai (CEO), Graham C. Dickson (Chair), Michael Lee (CFO), Scott Ladd (VP CD), Zaidi Harun (VP CD), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Michael Lee |
Accountant |
7/21/2021 |
|
|
|
CFO |
0 |
0.0% |
| Zaidi Harun |
Geologist |
6/1/2007 |
|
|
|
VP Corp Dev |
3,830,400 |
1.2% |
| Cathy Zhai |
Accountant |
1/2/2018 |
|
|
|
CEO & President |
1,720,700 |
0.5% |
| Michael J. Kitney |
Metallurgist |
11/20/2015 |
|
|
|
|
500,000 |
0.2% |
| Graham C. Dickson |
Mining Executive |
6/29/2009 |
|
|
|
Chairman |
400,000 |
0.1% |
| Jean-Edgar de Trentinian |
Diplomat |
11/3/2010 |
|
|
|
|
0 |
0.0% |
| Dato' Sia Hok Kiang |
Geologist |
11/30/2020 |
|
|
|
|
0 |
0.0% |
| Malaco Mining Sdn Bhd |
|
10/28/2020 |
|
|
|
|
55,000,000 |
16.8% |
| Scott Ladd |
Engineer |
9/1/2010 |
|
|
|
VP Corp Dev |
0 |
0.0% |
Issued
4,951,467 |
Price
$0.19 |
Working Capital
($2,644,732) |
Story Type
Producer |
Diluted
6,251,467 |
Insiders
427.5% |
As of
9/30/2014 |
Key People
Do Hyung Kim (CEO), Zahara Kanji-Aquino (CFO), Jung Keun Na (CFO), Yoo Sup Han (COO), Tristin Lee (Sec), |
| Delisted: NMC Resource Corp was created on February 26, 2010 when a CPC called Venture One Capital Corp completed an RTO of the Moland molybdenum project in South Korea and changed its name to NMC. A 5:1 rollback was conducted in November 2010. The flagship asset is a high grade molydenite mineralized skarn deposit discovered in 1966 and intermittently mined from 1973-1988. The Moland project was acquired in November 2004 by the Korean mining conglomerate Dong Won Corp which spun off NMC Inc as a separate entity in April 2008 to facilitate development of a 1,000 tpd capacity underground mining and milling-flotation operation whose molyndenite concentrate is sold to a Korean roaster. NMC has invested $22 million through a combination of loans and equity financing from the Dong Won parent and Korean private equity funds, which remain the dominant shareholders through common and convertible preferred stock. In late 2011 DH Kim was promoted to CEO, and in January 2012 Paul Matysek invested $500,000 and joined the board. Commercial production at Moland was achieved during Q2 of 2010 at a rate of 800 tpd with 89% recovery of a head grade at 0.2% Mo. Rhenium values have been reported in the 0.023-0.3 ppm range. The QP, Bob Middleton, has developed a hypothesis for a larger system at depth whose confirmation through deep exploratory drilling would justify scaling the mining operation larger and boost market confidence that Moland is a long term sustainable cash cow that represents a leveraged bet on the future price of molybdic oxide. Moland is currently the only operating molybdenum mine in Korea. Underground drilling is underway to expand the resource. The short term goal is to use cash flow to reduce existing project debt which stood at $8.5 million at the start of 2012. An updated resource in 2011 showed a 14 year mine life at 1,000 tpd. If higher molybdic oxide prices prevail NMC has the option to double capacity within a 12 month timeframe at an extra cost of $30 million. NMC's mandate is to use its status as a profitable molybdenum producer controlled by a deep-pocketed Korean mining conglomerate as a stepping-stone to farm into other advanced specialty metals projects or acquire them outright. In November 2014 the company received a takeover offer, essentially a privatization, from controlling shareholder Dong Won Corp to take the company private at $0.20 per share. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| KIN Communications Inc |
Investor Relations |
9/20/2011 |
|
|
|
IR |
0 |
0.0% |
| Do Hyung Kim |
|
12/1/2009 |
|
|
|
CEO & President |
207,400 |
4.2% |
| R. Bruce Durham |
Geologist |
12/1/2009 |
|
|
|
|
140,000 |
2.8% |
| Yoo Sup Han |
|
12/1/2009 |
|
|
|
COO |
66,668 |
1.3% |
| James A. Currie |
Engineer |
12/1/2010 |
|
|
|
|
0 |
0.0% |
| Sang Joon Lee |
|
12/1/2009 |
|
|
|
|
0 |
0.0% |
| Dong Won Corp |
|
12/3/2009 |
|
|
|
|
15,419,656 |
311.4% |
| KTB Private Equity Fund |
|
12/2/2010 |
|
|
|
|
5,333,678 |
107.7% |
| Zahara Kanji-Aquino |
Accountant |
12/1/2009 |
|
|
|
CFO |
0 |
0.0% |
| Tristin Lee |
Lawyer |
12/8/2009 |
|
|
|
Corporate Secretary |
0 |
0.0% |
| Jung Keun Na |
|
3/17/2010 |
|
|
|
CFO |
0 |
0.0% |
Issued
53,024,495 |
Price
$0.02 |
Working Capital
($297,902) |
Story Type
Discovery Exploration |
Diluted
62,785,802 |
Insiders
6.8% |
As of
9/30/2022 |
Key People
J. Patricio Varas (CEO), Jeannine P. M. Webb (CFO), David Thornley-Hall (VP CD), Daniel MacNeil (VP EX), |
| SV Rating: Bottom-Fish Spec Value - as of December 9, 2021: Norden Crown Metals Corp was initially assigned a Bottom-Fish Spec Value rating at the end of 2018 when it was called Boreal Metals Corp, a former CSE junior which migraed to the the TSXV in late 2017 following the acquisition of the Gumsberg project from EMX Royalty Corp for a 19.9% equity stake. EMX subsequently sold to Boreal additional Scandinavian projects. Boreal was run by Karl Antonius who raised $7 million during his tenure until late 2019 when he was forced to resign after being charged with sexual assault. CEO Pat Varas spent 2020 digging Boreal out of its mess, raising $2 million during August in the form of 47,155,376 units at $0.055 (full 2 year warrant at $0.11) taken down largely by existing backers, including EMX Royalty which nows 13%. Paul Stephens, a major backer of EMX, is also a significant shareholder. The name was changed to Norden Crown in October 2020. Norden was farmed out its Burfjord IOCG project in northern Norway to Boliden which can earn up to 80% by spending USD $6 million to earn 51% within 4 years and electing to fund a feasibility study. Norden's focus has returned to the 18,300 hectare Gumsberg project in the Bergslagen district of Sweden known for its silver enriched VMS deposits. At Gumsberg 30 historic mines were worked between 1300-1900. Norden's initial work focused on the VMS zones in the eastern part such as Ostra Silvberg, but the focus is now on the western part which Norden added through staking and is now included with the EMX deal. The Fredriksson Gruvan target underwent small scale mining in 1978-1979 which yielded 66,000 tonnes of 5.77% zinc, 1.84% lead and 49 g/t silver from what was interpreted as a vein. Norden's technical advisor Rodney Allen raised the possibility that Fredriksson might be a Broken Hill type system, a Sedex zinc-lead-silver deposit that has undergone enrichment and thickening through folding and remobilization of the sulphides. A recent example of a BHT-type deposit is Cannington which was the analogue for the El Plomo project of Zephyr Minerals in 2020 where drilling failed to establish that the high grade mineralization intersected by past shallow drilling thickens at depth. Norden sees alteration and mineralogy resemblances with the BHT-type, including the zinc spinel, ghanite, and is now treating Fredriksson as a BHT-type target. The old workings chased a 3-10 thick zone to a vertical depth of 75 metres. In January 2021 Norden started a 4 hole 700 m drill program to test beneath the historic workings a 3D model it has developed for the continuation of the zone to a depth of 400 m. The target is not yet supported by geophysical surveys which Norden will undertake to better quantify the potential scale of this target. On January 7, 2021 Norden reported that the first hole intersected 11 m of massive to semi- massive sulphides that include sphalerite and galena. The stratiform nature of the intersection confirms that the depleted zone is not a cross-cutting vein. Norden Crown has 201.9 million shares fully diluted which includes 17 million at $0.15 expiring on Feb 20, 2021 which will either get exercised or serve as a lid on the stock until they expire. Norden had about $1 million working capital left as of September 30, 2020. The Bottom-Fish Spec Value rating was confirmed on December 24, 2020 based on Norden Crown being a turnaround situation with silver enriched BHT and VMS type targets on its Gumsberg project in Sweden. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Jeannine P. M. Webb |
Accountant |
11/19/2020 |
|
|
|
CFO |
0 |
0.0% |
| J. Patricio Varas |
Mining Executive |
2/10/2017 |
|
|
|
CEO & Chairman |
1,633,333 |
3.1% |
| Eric Jensen |
Geologist |
6/1/2017 |
|
|
|
|
1,341,667 |
2.5% |
| David R. Reid |
Lawyer |
12/21/2017 |
|
|
|
|
608,772 |
1.1% |
| Jon Sherron |
Administrator |
6/1/2017 |
|
|
|
|
40,000 |
0.1% |
| Thomas Soderqvist |
Mining Executive |
12/13/2018 |
|
|
|
|
0 |
0.0% |
| Rodney Allen |
Geologist |
12/7/2020 |
|
|
|
Advisory Board |
0 |
0.0% |
| Daniel MacNeil |
Geologist |
12/21/2017 |
|
|
|
VP Exploration |
0 |
0.0% |
| David Maher |
Geologist |
12/7/2020 |
|
|
|
Advisory Board |
0 |
0.0% |
| David Thornley-Hall |
Investor Relations |
11/19/2020 |
|
|
|
VP Corp Dev |
0 |
0.0% |
Issued
529,779,388 |
Price
$0.30 |
Working Capital
$21,693,000 |
Story Type
Feasibility Demonstration |
Diluted
557,472,888 |
Insiders
7.8% |
As of
9/30/2022 |
Key People
Ronald W. Thiessen (CEO), Robert A. Dickinson (Chair), Adam Chodos (VP CD), Bruce Jenkins (VP CD), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Robert A. Dickinson |
Geologist |
6/1/1994 |
|
|
|
Chairman |
4,545,730 |
0.9% |
| Ronald W. Thiessen |
Accountant |
11/1/1995 |
|
|
|
CEO & President |
3,214,433 |
0.6% |
| Christian Milau |
Accountant |
5/1/2016 |
|
|
|
|
661,500 |
0.1% |
| Gordon Keep |
Administrator |
10/1/2015 |
|
|
|
|
545,136 |
0.1% |
| David C. Laing |
Engineer |
5/1/2016 |
|
|
|
|
423,028 |
0.1% |
| Steven A. Decker |
|
3/1/2016 |
|
|
|
|
130,000 |
0.0% |
| Kenneth W. Pickering |
Engineer |
9/4/2013 |
|
|
|
|
116,000 |
0.0% |
| Desmond M. Balakrishnan |
Lawyer |
1/1/2015 |
|
|
|
|
42,962 |
0.0% |
| Siri C. Genik |
Lawyer |
2/21/2023 |
|
|
|
|
0 |
0.0% |
| Stirling Global Value Fund Inc |
|
7/7/2015 |
|
|
|
|
31,397,943 |
5.9% |
| Marchand Snyman |
Accountant |
8/11/2008 |
|
|
|
CFO |
120,000 |
0.0% |
| Stephen Hodgson |
Engineer |
3/1/2005 |
|
|
|
VP |
90,000 |
0.0% |
| Bruce Jenkins |
|
6/1/2004 |
|
|
|
VP Corp Dev |
3,700 |
0.0% |
| Adam Chodos |
Investment Banker |
8/4/2020 |
|
|
|
VP Corp Dev |
0 |
0.0% |
| Mike Westerlund |
Investor Relations |
9/3/2020 |
|
|
|
IR |
0 |
0.0% |
Issued
85,474,111 |
Price
$0.45 |
Working Capital
$3,085,506 |
Story Type
Discovery Exploration |
Diluted
97,391,605 |
Insiders
25.1% |
As of
9/30/2022 |
Key People
Thomas F. Morris (CEO), Francois Perron (Chair), Jeannine P. M. Webb (CFO), Rodney Barber (VP EX), Daniel A. Rothberg (Sec), |
| SV Rating: Bottom-Fish Spec Value - as of December 31, 2021: Northern Superior Resources Inc was initially assigned a Bottom-Fish Spec Value rating at $0.27 when the junior conducted a 10:1 rollback on January 7, 2019 based on its TPK gold project in northern Ontario which the junior had optioned 70% to Yamana in November 2018. Northern Superior operated a $2 million program on behalf of Yamana during 2019 but Yamana dropped the option at the end of 2019 despite promising drill results. TPK, which has the biggest gold in till dispersal anomaly in North America, remained without a discovery zone with clear delineation potential. Nobody cared about the Croteau Est gold deposit (634,000 oz at 1.7 g/t) near Chibougamau. And the junior which had a 20% carried interest in the Nelligan project east of Northern Superior's 100% owned Lac Surprise project south of Chibougamau, for which IAMGOLD had reported a maiden resource of 3.2 million ounces at 1.02 g/t in November 2019, Vanstar Mining Resources Inc, had undergone a market reaction as if this accomplishment was a non-event. Northern Superior looked dead in the water, but CEO Tom Morris, a geoscientist who was left in charge in 2012 after the junior's financial backers faded away, managed to attract a "retired" fund manager called Michael Gentile who acquired a 19.9% stake at $0.07 in January 2020 and has become the new financial backer of Northern Superior. Two months later as the Covid-19 pandemic exploded Northern Superior raised $3.9 million at $0.25-$0.36 (no warrants) which included the arrival of New Gold Inc as a 9.9% shareholder. In June Northern Superior raised a further $2.5 million at $0.435-$0.54 (no warrants), bringing working capital to $6 million of which $3.7 million is flow-thru money that must be spent by the end of 2021. Northern Superior has 66.8 million fully diluted with only a modest $0.10 warrant overhang owned entirely by Gentile. Visible insiders own 37% of the stock. Based on work done in 2019 at Lac Surprise and new information about Nelligan, Northern Superior designed a 12 hole drill program to test 4 targets on trend 1.4 km to the west of the Renard Zone. This program started in early September and finished at the end of October. On Nov 5, 2020 Northern Superior reported results for the first hole which yielded 35.5 m of 1.02 g/t gold and 3.92 g/t silver within a host rock very similar to the Renard Zone. The geological model Northern Superior has developed suggests that this is a continuation of the Nelligan system, which, if confirmed by IMG stepout drilling to the west of the Renard Zone, potentially doubles the Nelligan resource which currently straddles about 2 km of strike. Based on 59.6 million shares fully diluted, a 20% net interest and a $1.41 stock price the market is currently assigning a $420 million value to Nelligan via Vanstar. The 4 targets drilled by Northern Superior straddle about 7 km of prospective geology west of the Nelligan property boundary. Of the 12 holes drilled (4,286 m) the first is the easternmost hole. The company has not publicly described what the other holes encountered to the west look like but I suspect it wouldn't be "eagerly looking forward" to additional results if the core didn't promise more of the same or better. At $0.78 with a 100% net interest and 66.8 million fully diluted for Northern Superior the market is assigning a value of only $52 million to the Lac Surprise discovery. On the assumption that Lac Surprise does indeed have a similar geological setting as Nelligan and that the gold grade encountered in the initial hole is an indication that similar gold mineralization is present, I am treating this news as evidence of an emerging discovery whose current pricing represents Good Speculative Value and I am making Northern Superior Resources Inc a Good Spec Value rated Favorite at $0.78. Should further results from the Lac Surprise drilling not support this outlook, significant upside resides in the TPK project to which Northern Superior hopes to return in Q1 of 2021 with a $2 million drill program, $1 million earmarked for the original Big Dam disperal anomaly where management will target NW-SE structures as the recently recognized controls for gold zones in this area, and $1 million for the new Annex dispersal anomaly in the western part of TPK which, based on the gold, silver and copper values found in boulders, is a distinctly separate mineralized system. I use the word "hopes" because mobilizing equipment to TPK will require acceptance by the Neskantaga First Nation that the logistics do not present a Covid-19 infection risk for their community. The TPK drill program, especially with the rethink of the structural controls in the Big Dam area, could be the breakthrough that finally explains why this is the biggest gold in till anomaly in North America. I have followed this story for more than a decade, so I am happy it is finally alive again, but the timing of this recommendation is based on the initial Lac Surprise drill hole results. And it has been a long slog, for Northern Superior is an ancient company that listed on the VSE on Aug 29, 1988 and has since undergone six name changes with rollbacks that total 2,000:1 of the original Scorpion shares. The current company emerged in September 2002 when Aurora Platinum dumped its diamond assets into a shell that became Superior Diamonds Inc. On Nov 28, 2003 Superior rolled back 2:1 and merged its Superior craton diamond plays with the failed Brazilian diamond play of Canabrava Diamonds which Superior absorbed on a post rollback 1 Superior for 5 Canabrava basis. Tom Morris, a geoscientist who had spent 12 years with the Ontario Geological Survey, became the new exploration VP in late 2003 and ran the diamond exploration programs until July 2007 when he was appointed CEO after John Paterson resigned for "personal reasons" (he was headed to prison for falsifying Southwestern Gold's Boka asssays). By then Superior's diamond exploration efforts in northern Ontario west of what became known as the Ring of Fire had turned into a gold exploration play when regional till sampling for indicator minerals turned into what to this day remains the biggest gold in till anomaly in North America. Called the Canopener property after Superior pooled claims with those held by Lake Shore Gold in 2006 to form a 50:50 JV, it was renamed the Ti-Pa-Haa-Kaa-Ning property in January 2008 to acknowledge the Neskantaga First Nation with whom Morris had developed a productive relationship compared to what has happened elsewhere in Ontario. Informally the project is called TPK. To reflect the shift from diamonds to gold exploration Superior changed its name to Northern Superior Resources Inc on Apr 15, 2008. In April 2010 Northern Superior acquired Lake Shore's 50% TPK stake for 25 million shares, at the time just under 20%. A month later TPK was optioned 51% to Rainy River Resources Ltd which drilled what appeared to be a discovery hole in December 2010. But Rainy River was unable to outline a meaningful zone with further drilling and two years later dropped the option so that it could focus on developing its Rainy River deposit, only to disappear a year later in a cash/paper bid by New Gold Inc that valued Rainy River at about $377 million. Despite having this intensive down ice apron of pristine gold grains at TPK that included a high grade boulder train, Tom Morris had a hard time interesting the market during 2013-2018 for an exploration play which had failed to deliver mineralization that could be rapidly delineated into a gold deposit. During this period Northern Superior turned its attention to Quebec where it had held the Lac Surprise project near Chibougamau since staking it in 2005 and in 2011 optioned the Croteau Est project for stock and $1.7 million exploration which it now owns 100%. An inferred resource of 11.6 million tonnes of 1.7 g/t gold was delivered in January 2016 for Croteau Est, which helped Northern Superior attract Eric Sprott as a major shareholder, but at such a dilution cost that on January 7, 2019 Northern Superior undertook a 10:1 rollback. However, in late 2018 Yamana decided to option 70% of TPK with an initial $2 million program operated by Northern Superior, which should have made the junior an excellent bottom-fish accumulation target. But the stock remained a market orphan and in late November 2019 Yamana bombshelled Morris with news that it was dropping the TPK option despite a very productive drill program which had started to reveal why past drilling strategies based on assumed east-west controlling structures had failed to deliver a discovery explaining the gold in till dispersal anomaly. At his wits end after dedicating nearly two decades of his life to Northern Superior's exploration efforts in Ontario and Quebec, Tom Morris managed to attract the attention of Michael Gentile, a young Montreal fund manager who had built the Formula Growth hedge fund to $1 billion in assets and decided to "retire" in 2018 to manage his own money as a "family office". Gentile took down a private placement of 6,242,858 units at $0.07 with a full 3 year $0.10 warrant that made him a 19.9% Northern Superior stakeholder, joined the board, revived the interest of Eric Sprott whose stake had been rolled back to 4 million shares, and has emerged as the financial "missing piece" in a technically sound junior with the very interesting TPK exploration play, the existing ounce in the ground Croteau Est deposit which has rethink expansion potential in the style of the Perron deposit of Amex, and now an emerging new discovery at the 100% owned Lac Surprise project which is on trend with the Nelligan deposit in which IAMGOLD has an effective 80% interest while Vanstar Resources Inc retains a 20% carried interest. Vanstar acquired the Nelligan project from prospectors in 2010 and optioned it to IMG in November 2014 which delivered a maiden resource estimate of 96,990,000 tonnes of 1.02 g/t gold (3,193,000 oz) that are open pittable. The Renard Zone is a sediment hosted, disseminated gold system that is different from the orogenic gold systems typical of Archean greenstone belts, and does not yet have a deposit style assigned to it. Northern Superior staked its land position long before Vanstar started exploring Nelligan, but only now is taking a hard look at this new style of deposit. After a decade in the wilderness Northern Superior Resources Inc is finally primed to deliver a ten bagger or better. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Jeannine P. M. Webb |
Accountant |
10/3/2016 |
|
|
|
CFO |
0 |
0.0% |
| Michael Gentile |
Fund Manager |
12/30/2019 |
|
|
|
|
10,234,358 |
12.0% |
| Gordon Morrison |
Geologist |
1/14/2020 |
|
|
|
|
1,000,000 |
1.2% |
| David Beilhartz |
Geologist |
4/24/2017 |
|
|
|
|
269,495 |
0.3% |
| Andrew Farncomb |
Merchant Banker |
11/22/2016 |
|
|
|
|
226,786 |
0.3% |
| Thomas F. Morris |
Geologist |
5/1/2002 |
|
|
|
CEO & President |
129,733 |
0.2% |
| Francois Perron |
Fund Manager |
11/22/2016 |
|
|
|
Chairman |
62,500 |
0.1% |
| David Medilek |
Engineer |
6/15/2020 |
|
|
|
|
0 |
0.0% |
| New Gold Inc |
Public Company |
4/7/2020 |
|
|
|
|
5,517,176 |
6.5% |
| 2176423 Ontario Ltd |
Private Company |
5/18/2017 |
|
|
|
|
4,000,000 |
4.7% |
| Rodney Barber |
Geologist |
9/24/2021 |
|
|
|
VP Exploration |
0 |
0.0% |
| Daniel A. Rothberg |
Lawyer |
6/15/2020 |
|
|
|
Corporate Secretary |
0 |
0.0% |
Issued
27,844,925 |
Price
$0.06 |
Working Capital
$355,979 |
Story Type
Discovery Exploration |
Diluted
35,186,685 |
Insiders
3.8% |
As of
10/31/2022 |
Key People
T. Barry Coughlan (CEO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| T. Barry Coughlan |
Businessperson |
5/20/1986 |
|
|
|
CEO & Chairman |
936,080 |
3.4% |
| Trevor Thomas |
Lawyer |
3/13/2018 |
|
|
|
|
83,333 |
0.3% |
| Nelson W. Baker |
Engineer |
1/1/2018 |
|
|
|
|
50,000 |
0.2% |
| Brian Corrall |
Accountant |
3/1/2009 |
|
|
|
|
0 |
0.0% |
| R. Timothy Henneberry |
Geologist |
11/20/2013 |
|
|
|
|
0 |
0.0% |
Issued
43,864,141 |
Price
$0.25 |
Working Capital
$521,712 |
Story Type
Discovery Exploration |
Diluted
43,864,141 |
Insiders
61.7% |
As of
10/31/2022 |
Key People
Robert A. Dickinson (CEO), Sebastian Tang (CFO), Trevor Thomas (Sec), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Robert A. Dickinson |
Geologist |
1/1/2005 |
|
|
|
CEO & Chairman |
21,818,184 |
49.7% |
| Matthew Dickinson |
Software Developer |
2/15/2019 |
|
|
|
|
5,228,546 |
11.9% |
| Trevor Thomas |
Lawyer |
2/15/2019 |
|
|
|
Corporate Secretary |
500 |
0.0% |
| Albert Basile |
Lawyer |
10/24/2022 |
|
|
|
|
0 |
0.0% |
| Leonie Tomlinson |
Administrator |
12/15/2017 |
|
|
|
|
0 |
0.0% |
| Sebastian Tang |
Accountant |
9/8/2022 |
|
|
|
CFO |
0 |
0.0% |
Issued
230,427,450 |
Price
$0.04 |
Working Capital
($11,800,177) |
Story Type
Feasibility Demonstration |
Diluted
278,561,237 |
Insiders
13.1% |
As of
9/30/2022 |
Key People
David J. Copeland (CEO), Andrew Ing (CFO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| T. Barry Coughlan |
Businessperson |
3/15/2011 |
|
|
|
|
70,000 |
0.0% |
| David J. Copeland |
Engineer |
12/7/2011 |
|
|
|
CEO & Chairman |
3,825,399 |
1.7% |
| Michael H. Nolan |
Accountant |
3/15/2011 |
|
|
|
|
2,000,000 |
0.9% |
| George R. Ireland |
Fund Manager |
8/1/2014 |
|
|
|
|
625,000 |
0.3% |
| Lena K. Brommeland |
Geologist |
12/7/2011 |
|
|
|
|
185,000 |
0.1% |
| Rene G. Carrier |
Administrator |
3/15/2011 |
|
|
|
|
183,823 |
0.1% |
| Geologic Resource Partners LLC |
Institution |
6/8/2015 |
|
|
|
|
23,200,000 |
10.1% |
| Andrew Ing |
Accountant |
12/31/2019 |
|
|
|
CFO |
0 |
0.0% |
Issued
286,377,000 |
Price
$2.06 |
Working Capital
$142,303,000 |
Story Type
Producer |
Diluted
295,866,000 |
Insiders
10.9% |
As of
9/30/2022 |
Key People
Russell E. Hallbauer (CEO), Ronald W. Thiessen (Chair), Peter Mitchell (CFO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Robert A. Dickinson |
Geologist |
1/1/1991 |
|
|
|
|
3,572,268 |
1.2% |
| Russell E. Hallbauer |
Engineer |
7/1/2005 |
|
|
|
CEO & President |
3,637,466 |
1.3% |
| Ronald W. Thiessen |
Accountant |
10/1/1993 |
|
|
|
Chairman |
1,300,795 |
0.5% |
| Richard A. Mundie |
Accountant |
1/26/2010 |
|
|
|
|
100,000 |
0.0% |
| Alexander G. Morrison |
Accountant |
4/1/2011 |
|
|
|
|
33,800 |
0.0% |
| Anu Dhir |
|
10/11/2017 |
|
|
|
|
8,500 |
0.0% |
| Geoffrey A. Burns |
Mining Executive |
5/16/2016 |
|
|
|
|
0 |
0.0% |
| Kenneth W. Pickering |
Engineer |
1/10/2019 |
|
|
|
|
0 |
0.0% |
| Linda Thorstad |
Geologist |
8/25/2014 |
|
|
|
|
0 |
0.0% |
| Sailingstone Capital Partners LLC |
|
6/11/2015 |
|
|
|
|
22,692,872 |
7.9% |
| Peter Mitchell |
Accountant |
10/6/2008 |
|
|
|
CFO |
0 |
0.0% |
Issued
43,823,967 |
Price
$0.20 |
Working Capital
($598,441) |
Story Type
Discovery Exploration |
Diluted
60,214,108 |
Insiders
4.2% |
As of
11/30/2019 |
Key People
Gerald D. Wright (CEO), Nasim Tyab (Pres), T.R. Wilson (CFO), Michael M. Magrum (COO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| T. Barry Coughlan |
Businessperson |
1/19/2011 |
|
|
|
|
44,444 |
0.1% |
| Gerald D. Wright |
Engineer |
1/12/2017 |
|
|
|
CEO |
966,667 |
2.2% |
| Nasim Tyab |
|
11/30/2007 |
|
|
|
President |
525,723 |
1.2% |
| Anthony Clements |
Broker |
6/5/2017 |
|
|
|
|
107,111 |
0.2% |
| Matthew Mikulic |
Businessperson |
1/19/2011 |
|
|
|
|
88,889 |
0.2% |
| T.R. Wilson |
Accountant |
10/5/2018 |
|
|
|
CFO |
107,111 |
0.2% |
| Michael M. Magrum |
Engineer |
3/18/2013 |
|
|
|
COO |
0 |
0.0% |
|
