Close-ology is a mining term used to describe companies that are close to another company that is running red hot, and may justifiably make the case that they can be hot too. For some, like serial ring-staker Ryan Kalt, close-ology is a business model. The moment someone announces they've found something interesting in Dildo, Newfoundland or Punkydoodle Corners, Ontario, Kalt's crew hops on their laptops, busts out the credit card, and register claims all around it, sometimes without ever having walked the land.
Mining is integral to our society and will be even more important as we move deeper into the information age and the world of alternative energy. Energy metals will be in high demand, but rather than open another mine, we have tonnes of minerals languishing in landfills just waiting to be extracted.
Epstein: Delrey Metals [CSE: DLRY] Provides Positive Corp. Update & Increases Key Land Package by 51%!
Delrey Metals Corp. (CSE:DLRY) / (OTC: DLRYF) owns 100% of 5 promising properties in Canada. Four are prospective for vanadium, totaling 10,856 hectares, one is a cobalt–copper-zinc opportunity that Cobalt 27 Capital Corp. acquired a 2% NSR on. In addition, on May 21st, management signed a definitive agreement on an option to acquire an 80% Interest in select mineral licenses in the Four Corners project in Newfoundland & Labrador, and establish a JV with the seller. This is a giant, bulk-tonnage deposit that could contain 10 billion tonnes of rock, much of it mineralized, with lower-grade Vanadium, plus Iron & Titanium. Drilling this year will seek to validate the large scale of the deposit and identify additional mineralized zones.
After dipping their toes in Aussie cobalt, Global Energy Metals (GEMC.V) is now bounding in with both feet.
A new U.S. government report warns that, in the next decade, climate change will cause billions in damage through hurricanes, wild fires, floods – and could shave 10% off the USA’s GDP by the end of the century.
Canada Cobalt Works (CCW.V) dropped significant news on November 2nd. With barely 45 minutes remaining in the trading day, the stock broke out of its short-term holding pattern and went on a late session tear.
Canada Cobalt Works (CCW.V) released news midway through the trading session on October 24th. It wasn’t what many in the market were expecting.
There’s been some rather large talk around some of the more active online forums regarding junior mining stocks in recent weeks. It’s created a dark pall over much of the sector. Most of it hangs over the Golden Triangle based companies where delays in the release of assays results can only mean one thing: Bad News.