The M&E Dispatch // 079

Hello Everyone,

Well, with Israel reportedly striking Iran overnight, you’ll have no shortage of global headlines today, and plenty of experts stepping over each other to explain how it may or may not affect oil prices. So I figured I’d keep our feet planted squarely at home. The headlines below might not spark news segments, but they will shape Canadian share prices, employment, and exploration budgets in the weeks ahead.

While the world marches towards the unknown, our mines keep digging, drills keep turning, and a handful of companies just quietly pulled off some very big moves.

This week’s dispatch is packed with proof.

Foran just locked in a $200M project financing deal, real money, real momentum. Canada Nickel is quietly building out a sizable nickel system at Bannockburn, and West Red Lake Gold keeps hitting solid gold grades at Madsen. And then there’s Lithium, Atlas, Ionic, Sayona... you can practically feel the EV sector trying to catch its breath. Quiet wins, big implications.

// The Dirt

Atlas Lithium Ships First Lithium Sample from Brazil
The company has delivered an initial 1.5-tonne lithium-bearing shipment from its Neves Project to its strategic partner in the U.S.
🔗 https://www.atlas-lithium.com/news-media/press-releases/detail/229/atlas-lithium-ships-first-lithium-sample-from-its-neves

West Red Lake Gold Hits 8.0 g/t Gold Over 7.5m
Drilling at the North Austin Zone continues to deliver strong grades, bolstering the underground growth plan at the Madsen Mine.
🔗 https://westredlakegold.com/news-releases/west-red-lake-gold-intersects-8.0-g-t-gold-over-7.5-metres-including-12.6-g-t-gold-over-3.5-metres-in-north-austin-zone-20240422

Giyani Awards EPCM Contract for Botswana Manganese Project
The contract, awarded to Met63, advances Giyani’s K.Hill Battery-Grade Manganese Project closer to construction.
🔗 https://giyanimetals.com/news/giyani-awards-epcm-contract-to-met63-for-khill-manganese-project

P2 Gold to Merge with Vizsla Copper in All-Stock Deal
The two companies will combine to create a diversified copper and gold developer with an expanded project pipeline.
🔗 https://p2gold.com/news/p2-gold-and-vizsla-copper-announce-merger-to-create-diversified-copper-and-gold-developer-20240422

Sayona Mining and Piedmont Lithium Amend Agreements
The partners in North American Lithium have revised terms to better align future funding and marketing responsibilities.
🔗 https://www.sayona.com.au/sayona-and-piedmont-agree-to-amend-nal-agreements/

Lithium Ionic Reports 1.84% Li₂O Over 23m
The newest drill intercept at Bandeira strengthens the case for a high-grade lithium resource in Brazil’s Lithium Valley.
🔗 https://lithiumionic.com/news/lithium-ionic-intersects-1.84-li2o-over-23m-at-bandeira-20240422

Canada Nickel Expands at Bannockburn with 0.28% Nickel Over 322m
Ongoing drilling defines a large-scale nickel system, complementing the company’s Crawford project in Ontario.
🔗 https://www.canadanickel.com/news-releases/canada-nickel-continues-to-expand-bannockburn-0.28-nickel-over-322-metres-20240422

KORE Mining Sells Final Interest in Imperial Project
The transaction with Augusta Gold completes Kore’s exit from its California assets as it focuses on new opportunities.
🔗 https://koremining.com/news/kore-mining-sells-final-interest-in-imperial-project-to-augusta-gold-20240422

Foran Mining Signs CA$200M Project Financing Deal
The company has secured a major funding package with TD Securities to advance the McIlvenna Bay copper-zinc project in Saskatchewan.
🔗 https://foranmining.com/news/foran-mining-announces-c-200-million-project-financing-package-for-the-mcilvenna-bay-project-20240422

Galleon Gold Identifies New Gold-Bearing Zone at West Cache
Recent step-out drilling has uncovered a previously unknown structure with strong mineralization potential.
🔗 https://galleongold.com/news-releases/galleon-gold-identifies-new-gold-bearing-zone-at-west-cache-20240422// The Hustle

// Homefront

The boy is on the up and up, looks like he’s turned the corner and we’re back at the tasks needed for the move to Ontario. Garage sale this weekend…

Have a great weekend all.

- Lee