Chart Scan – Oct 25, 2024
Chart
Author: TSX Stocks
Chart Scan – Oct 25, 2024
Chart Scan – Oct 25, 2024
CBIT.V – Cathedra Bitcoin Inc – Ordinary Shares (Sub Voting)
COSA.V – Cosa Resources Corp.
EAM.V – East Africa Metals, Inc.
GRG.V – Golden Arrow Resources Corp.
JJ.V – Jackpot Digital Inc.
KNE.V – Kane Biotech Inc.
NOB.V – Noble Mineral Exploration Inc
PRG.V – Precipitate Gold Corp.
SIE.V – Sienna Resources Inc.
USHA.V – Usha Resources Ltd.
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Disclaimer- By reading our newsletter you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook and chat. We do not advise any reader take any specific action. Our website, newsletter, twitter, Facebook and chat are for informational and educational purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter, twitter, Facebook and on our website may be based on EOD or intraday data. We may be compensated for the production, release and awareness of this newsletter. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. Our emails may contain Forward Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters, twitter, Facebook our website and chat is believed to be accurate and correct, but has not been independently verified. The information in our disclaimers is subject to change at any time without notice.
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Agreement between Armenian government, Lydian Armenia postponed
ArmInfo.The conclusion of the agreement on the donation of 12.5% of shares out of 100% of the shares of the Lydian Armenia company is postponed until December 30 of this year. The decision on this was made at a meeting of the RA government on October 24.
According to the rationale for the draft decision, it was initially planned to conclude the agreement by November 1, 2024, but due to technical problems, these dates have been postponed.
On January 18 of this year, the Armenian government approved the decision to accept as a gift 12.5% of the shares of Lydian Armenia, which operates the Amulsar mine.
On February 22, 2023, the Government of the Republic of Armenia, Lydian Armenia CJSC and the Eurasian Development Bank signed a memorandum of understanding, which marked the restart of the Amulsar mine exploitation program. It was noted that $150 million would be attracted within the framework of the memorandum, of which $100 million would be EDB loan funds, $50 million would be provided by a local bank, and an additional $100 million would be invested outside the agreement by shareholders. After signing the memorandum, the then Minister of Economy of the Republic Vahan Kerobyan stated that the exploitation of the Amulsar mine would provide the state treasury with annual revenues of 30-40 billion drams, and with the launch of the mine, about 1,000 new jobs would be created in the Vayots Dzor region. As part of the deal, the Armenian government will receive 12.5% of the company’s shares, for which it will not pay anything, but instead will insure the deal against certain risks.
Previously, before the change of beneficiaries, Lydian Armenia was a subsidiary of the British offshore Lydian International, which placed its shares on the Toronto Stock Exchange. Then the company went through a delisting procedure. As a result of the restructuring, the full package of shares of the company was transferred to the newly created Canadian-American Lydian Canada Ventures, the beneficiaries of which are the American company Orion Mine Finance and the Canadian Osisko Gold Royalties. The total cost of the Amulsar project is $ 370 million. The mine life is 10 years and 4 months, while it is planned to extract an average of 200 thousand ounces of gold annually. The deposit is the second largest in terms of reserves in Armenia. According to the company, the deposit contains about 73,733 kg of gold with an average grade of 0.78 g per ton, as well as 294,367 tons of silver with an average grade of 9.29 g per ton. It is located in the southeast of the country, 13 km from the resort town of Jermuk, between the Arpa and Vorotan rivers.
Chart Scan – Oct 24, 2024
Chart Scan – Oct 24, 2024
ARK.V – Arras Minerals Corp.
CAD.V – Colonial Coal International Corp.
ESE.V – ESE Entertainment Inc.
FD.V – Facedrive Inc.
INTR.V – Intrepid Metals Corp.
NEXG.V – NexGold Mining Corp.
PUMA.V – Puma Exploration Inc.
THX.V – Thor Explorations Ltd.
TMG.V – Thermal Energy Intl, Inc.
Disclaimer:
We have not received any form of compensation for the generation of this blog
Any type of reproduction, copying or distribution of the material in this email is prohibited without a written consent from the site owner.
Disclaimer- By reading our newsletter you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook and chat. We do not advise any reader take any specific action. Our website, newsletter, twitter, Facebook and chat are for informational and educational purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter, twitter, Facebook and on our website may be based on EOD or intraday data. We may be compensated for the production, release and awareness of this newsletter. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. Our emails may contain Forward Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters, twitter, Facebook our website and chat is believed to be accurate and correct, but has not been independently verified. The information in our disclaimers is subject to change at any time without notice.
We are not held liable or responsible for the information in press releases issued by the companies discussed in these blog. Please do your own due diligence.
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