Fuelling the Future: Lithium X Launches on the TSXV Experienced Clayton Valley operator GeoXplor named Exploration Manager Lithium X Land Position Increased by over 180% Minerals and Environmental Engineer Timothy Oliver appointed VP Project Development VANCOUVER, Nov. 30, 2015 /CNW/ – Lithium X Energy Corp. (TSX-V: LIX) (“Lithium X”, or the “Company”) Executive Chairman Paul… Continue Reading

Thursday evening, Gran Tierra Energy (GTE) announced a friendly deal to acquire Petroamerica Oil (PTA) for cash and shares worth about US$84 million based on a C$3.32 GTE price. PTA shareholders can elect to receive .40 of a GTE share or C $1.33 in cash for each PTA share, up to 70% payable in cash. That’s about… Continue Reading

People-projects-capital are the three pillars of the mining business, according to Teck Resources founder Norman Bell Keevil. The formula is a simple but effective high-level filter to identify promising early-stage mining opportunities. I was reminded of the formula with the emergence of Brian Paes-Braga as the CEO of Royce Resources, a new lithium exploration play.… Continue Reading

  With economic weakness in the U.S. pushing a likely rate hike out to next year (at the earliest), gold continues to show signs of life. The yellow metal was last closing in on US$1,190 an ounce after trading as low as $1,080 in July. It also didn’t hurt that Paul Singer of Elliott Management… Continue Reading

Pebble deposit developer Northern Dynasty Minerals this morning announced the purchase of Mission Gold, David Lowell’s vehicle for developing the Alto Parana titanium project in Paraguay. Lowell, an accomplished mine finder who literally wrote the book on copper porphyry deposits with the Lowell-Guilbert Model, is Mission Gold’s chairman and CEO. With Mission Gold comes $9… Continue Reading

There’s a new promoter on the street and chances are if you met him, you would give him the benefit of the doubt. That’s one of several reasons why I am suspending disbelief and have become slightly excited about his debut deal. Royce Resources, a shell company that trades on the TSX Venture under the… Continue Reading

Endeavour Mining (EDV-T) Price: 0.55 MC: $227 million During the bull market, large gold companies were pressured by shareholders to finance higher-cost mines by issuing debt. That increases production and cash flow when gold is rising, but when the price falls it burdens large producers with too much debt and renders their production unprofitable. Four… Continue Reading

This morning gold has broken key support near $1240 and hopes for a head and shoulders pattern bottom are all but dashed: Click to enlarge The white oval is the ‘last stand’ area of support I highlighted earlier in the week – gold is currently at a level of ‘oversold’ (green ovals) that has historically… Continue Reading

Accomplished natural resources investor Frank Giustra has two long term investments in the junior energy sector, Colombian focused Petroamerica Oil (PTA.v), and European focused Petromanas Energy (PMI.v). Disclosure note, I own both of them. In early trading Monday, one of these companies was climbing strongly, while the other was heading in the wrong direction. Confirmed… Continue Reading

Entrepreneur Frank Giustra has helped raise over $3 billion for early stage mining and energy companies, and also founded Lionsgate Films, the world’s leading independent film studio. Today Giustra provided some exceptional entrepreneurial advice in a MinesandMoney.com interview. When asked his investment regrets, Giustra said basically all of the companies he created sucked at the… Continue Reading

A group of accomplished mining entrepreneurs have taken control of an un-loved junior mining company. Catalyst Copper Corp., which holds a 60% interest in the La Verde copper porphyry project in Mexico, closed a $1.4 million financing today, selling 20 million units, consisting of a $0.07 share and a full $0.10 warrant. Richard Warke, who… Continue Reading

“There are some simple truths in the resource game,” Frank Giustra tells me. “The first truth is that you pick a great management team and you wait.” For the uninitiated, Giustra is one of the more successful natural resources investors of the past thirty five years. Some of you may know him as the founder… Continue Reading

TD Securities energy analyst Jamie Somerville in Calgary raised his price target on Petroamerica Oil Corp to $0.60 this morning from $0.55, citing its relative valuation (particularly on EV/DACF), high netbacks, potential for free cash flow generation, and several high-impact exploration wells planned for the next 6–9 months. Shares in Petroamerica last traded at $0.35… Continue Reading

Well known Canadian businessman and philanthropist Frank Giustra has joined Twitter. Follow him here: @Frank_Giustra Giustra is best known as the founder and first CEO of Lionsgate Films, now the world’s largest independent film studio. He is also an accomplished natural resource developer, having co-founded Wheaton River Minerals, which subsequently became Goldcorp and spun out… Continue Reading

By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors Texas is oil country. The state I now call home leads the nation in oil production and would be one of the top oil-producing nations if it were its own country. But that doesn’t stop us from exploring other promising oil opportunities further afield.… Continue Reading