Technology Metals weekly update

Photo of author

By Ted Liu

Week of January 15-January 19, 2018

Weekly news and deal update on Canadian and international technology metals mining companies (

South Star Mining appoints Aman Parmar to board
South Star Mining Corp. (TSX-V: STS.H) appointed Aman Parmar to the board of directors.

CBLT acquires two unpatented MacTrack Claims
CBLT Inc. (TSX-V: CBLT) closed previously announced agreement with arm’s length vendors to purchase two unpatented claims (MacTrack Claims) near Sudbury, Ontario.

US Cobalt grants 2.04M stock options
US Cobalt Inc. (TSX-V: USCO; FSE: 26X; OTCQB: USCFF) granted incentive stock options to acquire up to 2,040,000 common shares to certain directors, officers, and consultants.

Infinite Lithium acquires additional claims at Jackpot Lithium property
Infinite Lithium Corp. (TSX-V: ILI; FSE: 37NN) to acquire a 100% interest in certain claims surrounding its 100% Jackpot Lithium Project to increases the size of the property to 256 hectares.

Lithium Americas files Canadian Base Shelf Prospectus and U.S. Shelf Registration Statement
Lithium Americas (TSX: LAC; OTCQX: LACDF) filed a preliminary short form base shelf prospectus in Canada (other than Quebec) and SEC Form F-1 to qualify the distribution of up to US $500M debt and equity securities.

Alba Minerals to acquire second 2843 hectares lithium property in lithium triangle
Alba Minerals Ltd. (TSX-V: AA; OTC: AXVEF; FSE: A117RU) reached the final stage of adding another Lithium Property to Lithium Exploration Portfolio in Salta, Argentina. The Chascha Norte concession consists of a single mining claim, which covers 2843 hectares.

Quantum Cobalt plans drilling test at Nipissing Lorrain Mine
Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FSE: 23BA) planned a drilling program to determine the size of a dump pile of material at the “Nipissing Lorrain Mine” Cobalt-Silver-Nickel Property

First Cobalt commences drilling at Bellellen Mine in the Cobalt Camp

First Cobalt Corp. (TSX-V/ASX: FCC; OTCQB: FTSSF) commenced drilling at the Bellellen mine in the Cobalt Camp, Ontario with a total of 15 holes for 2,000 metres planned

UEX Corporation plans to spin out West Bear Cobalt-Nickel project

UEX (TSX: UEX) to spend $1.5M drilling 100% owned West Bear Cobalt-Nickel Prospect located on Hidden Bay project, immediately east of West Bear Uranium Deposit

International Cobalt announces $10M private placement
Boreal Metals acquires Modum Project from EMX Royalty
Boreal Metals Corp. (TSX-V: BMX) acquired from EMX Royalty Corporation (TSX-V/NYSE American: EMX) the Modum Project that surrounds southern Norway’s historic Skuterud Mine (also known as the Modum Mine)

First Cobalt announces $7M 2018 exploration program
First Cobalt Corp. (TSX-V/ASX: FCC; OTCQB: FTSSF) announced 2018 exploration program for its Cobalt Camp properties in Ontario. The $7 million program includes over 26,000m of drilling on 13 different targets.

Avalon Advanced Materials closes $1.5M preferred share financing
Avalon Advanced Materials Inc. (TSX: AVL; OTCQX: AVLNF) closed preferred share financing with The Lind Partners of 300 Series B1 Preferred Shares at $5,000 for gross proceeds of $1,500,000

Power Metals completes $3.45M bought deal private placement
Power Metals Corp. (TSX-V: PWM; FSE: OAA1; OTC: AOUFF) completed a brokered bought deal private placement of 6,900,000 units at $0.50 for gross proceeds of $3,450,000. Eight Capital acted as underwriter

Azincourt Energy to acquire 5 lithium projects in Manitoba from New Age Metals
Azincourt Energy (TSX-V: AAZ) signed a agreement with New Age Metals (TSX-V: NAM) and wholly-owned subsidiary, Lithium Canada Development, to acquire the option to earn up to 100% in a series of five lithium exploration projects located in Winnipeg River Pegmatite Field, Manitoba.

DNI Metals signs binding flake graphite supply agreement with Korea Graphite
DNI Metals Inc. (CSE: DNI; OTCPK: DMNK; FSE: DG7N) signed a binding supply letter agreement with Korea Graphite Co. Ltd, wholly subsidiary of Peninsula Mines Ltd., to supply up to 24,000 tonnes/year of flake graphite

RNC Minerals plans 2018 initiatives for Dumont Nickel-Cobalt Project in 2019
RNC Minerals (TSX: RNX) to undertake a series of initiatives during 2018 to position the company to make a decision to begin construction of the Dumont Nickel-Cobalt Project