Point Roberts, WA and Delta, BC – November 16, 2021 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO’s and leading experts. Today’s podcast was sponsored by O2Gold Inc. (TSXV:OTGO), a mineral exploration company with activities in Colombia.
Listen to the podcast:
Exploring Mining Podcast 222 – (TSXV: OTGO) (TSXV: FOR) (NYSE: RIO) (NYSE: NEM) (TSXV: GBML)
Fortune Bay Corp. (TSXV:FOR) (Frankfurt:5QN) has announced that it intends to increase its previously-announced non-brokered private placement to aggregate gross proceeds of approximately $6,860,000. The company intends to issue 4,669,231 units and 4,972,338 flow through shares. According to the press release, Fortune Bay “intends to use the proceeds of the Offering to fund exploration and project development at [its] Saskatchewan projects, and for general operating costs.”
Rio Tinto Group (NYSE:RIO) is investing in a European-based battery technology and manufacturing company Inobat Auto. This will support the completion of the latter’s research and development centre and pilot battery line in Voderady, Slovakia. Marnie Finlayson, the managing director of Rio Tinto’s battery materials business, explained:
“Our Jadar lithium project in Serbia is on the doorstep of the European electric vehicle market. Capable of producing enough lithium to make around one million electric vehicle batteries a year to the highest environmental standards, we believe Jadar will be a critical supplier of the European battery ecosystem and, through our investment in InoBat, we hope that we can assist in making some of those batteries locally.”
Newmont Corporation (NYSE:NEM) has been named co-leader of the mining and metals sector of the Dow Jones Sustainability World Index (DJSI World), which represents the top 10 percent of the largest 2,500 companies in the S&P Global Broad Market Index. Tom Palmer, President and CEO of Newmont, commented:
“At Newmont, our commitment to ESG is woven into the fabric of our company and fundamental to the way in which we operate. Our workforce is our most valued asset, and every day they challenge themselves to improve and deliver on our purpose, to create value through sustainable and responsible mining. We are pleased to continue our DJSI World membership, and to have tied as mining and metals sector leader in the CSA. We recognize that being a leader in ESG requires us to constantly learn and evolve; we are committed to rising to that challenge.”
Global Battery Metals Ltd. (TSXV:GBML) has entered into an option agreement with Kevin Keats and Allan Keats to acquire up to a 100 percent interest in the Lapoile Lithium Project in Newfoundland, Canada. The property comprises 320 claims encompassing 8,000 hectares in southwestern Newfoundland. The company’s President and CEO, Michael Murphy, said:
“We are excited to add the Lapoile Lithium Project to our growing battery metals portfolio. This is now our second lithium property acquisition option, to go along with the acquired Lithium King property. We look forward to continuing to add prospective projects as we create shareholder value by participating in the battery revolution.”
Exploring Mining Podcast Sponsor
O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otu Fault project, with senior management based in nearby Medellin. The team’s deep roots and experience in Latin America-in both capital markets and mining-gives it the regional knowledge and operational expertise to create a world-class project.
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