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Stillwater Critical Minerals Corp. reports developments tied to its 100%-owned Stillwater West critical minerals project in Montana. Company news centers on drilling and resource-expansion work across a mineralized trend with nickel, copper, cobalt, platinum, palladium, gold and chromium mineralization, including updates from deposit areas such as Chrome Mountain, Iron Mountain, HGR and CZ.
Recurring updates also include mineral resource work, technical programs, industry conference participation, stakeholder engagement and capital markets activity such as private placements involving common shares and warrants.
Group Ten Metals Inc. has retained Oretest Drilling and Simcoe Geoscience for its largest exploration program at the Stillwater West project in Montana, targeting platinum group elements (PGE), nickel, copper, cobalt, and gold. A 10,000-meter drilling campaign aims to expand known mineralization, with initial resource estimates expected in summer 2021. The Alpha IP survey will build on last year's successful results, enhancing target definition. The company plans to explore promising markers for low-carbon battery metals critical to electrification and green technologies.
Group Ten Metals Inc. has announced interim results from its rhodium assay campaign at the Stillwater West PGE-Ni-Cu-Co + Au project in Montana. The campaign analyzed over 4,000 drill core samples from key target areas, confirming significant rhodium levels, with grades reaching up to 0.5 g/t Rh. Rhodium, valued at over USD$27,000 per ounce, is critical for automotive catalysts. The findings suggest potential for substantial co-product values, with average grades equivalent to over 1 g/t platinum. The project is advancing towards maiden resource estimates for multiple critical metals, including rhodium and gold.
Group Ten Metals Inc. (OTCQB:PGEZF) has released results from a 2020 Induced Polarization (IP) geophysical survey at its Stillwater West project in Montana, revealing significant potential for large bodies of sulphide mineralization. The survey highlighted a 9.2-kilometer span of high-level conductivity and chargeability anomalies. The company plans a multi-rig drill campaign in 2021, aiming for maiden resource estimates at key target areas. These developments position Group Ten to capitalize on the electrification movement and the demand for critical metals.
Group Ten Metals Inc. (PGEZF) announced the appointment of Gordon Toll as an Independent Director, bringing over 50 years of mining industry experience. Toll's career includes leadership roles at major companies and raising over US$5 billion for mining projects. His expertise in the Stillwater and Bushveld Complexes aligns with the company's objectives to explore battery and platinum group metals in the Stillwater West project. Furthermore, the company granted 250,000 incentive stock options, exercisable until 2026, priced at $0.38 per share.
Group Ten Metals (PGEZF) announced promising results from its 2020 drill campaign at the Chrome Mountain target in the Stillwater West PGE-Ni-Cu-Co project, Montana. The five-hole, 1,822-meter drilling revealed significant nickel and copper sulphide mineralization with high-grade intervals of palladium, platinum, rhodium, and gold. Notable highlights include hole CM2020-04, which returned 455 meters of 1.13 g/t Total Platinum Equivalent. The results support the potential for large-scale battery metal resources and aim to formalize mineral resources by mid-2021.
Group Ten Metals Inc. has adopted a shareholder rights plan to ensure fair treatment of all shareholders in potential take-over bids. This plan, which is not in response to any specific bid, will issue rights attached to common shares. If any entity acquires 20% or more of the shares without complying with the plan, existing shareholders can purchase additional shares at a discount. The plan is conditionally approved by the TSX Venture Exchange and requires shareholder ratification within six months to remain effective for three years.
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Group Ten Metals Inc. (OTCQB:PGEZF) provided an update on its Stillwater West project, focusing on battery metals and platinum group elements. The project contains nickel sulphide, crucial for EV battery production, with potential co-products including copper and cobalt. Analysts anticipate supply deficits for platinum and palladium, exacerbated by decreased outputs in South Africa. Group Ten's strategic location and robust infrastructure position it to meet growing North American demand. Ongoing drilling and successful geophysical surveys indicate progress, further enhancing the project's viability.