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Exploring Mining Podcast Episode 149 - News from (TSXV: DEFN) (OTCQB: DFMTF) (TSXV: SPC) (NYSE: RIO) (NYSE: IAG)

 

Point Roberts, WA and Delta, BC - March 9, 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.

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Exploring Mining Podcast Episode 149 - News from (TSXV: DEFN) (OTCQB: DFMTF) (TSXV: SPC) (NYSE: RIO) (NYSE: IAG)

March 9, 2021

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Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has received the results of an X-Ray Transmission amenability study completed on samples of Wicheeda Rare Earth Element (REE) mineralized drill core by the Saskatchewan Research Council (SRC), Saskatoon, Canada. The company's CEO, Craig Taylor, explained:

"Defense Metals is excited to establish the amenability of Wicheeda REE mineralization to the application of low-cost front end upgrading via sensor-based sorting technologies. We know from our very successful flotation pilot plant and bench-scale hydrometallurgical test-work that early volume reduction and upgrading has significant downstream benefits. The quality of concentrate we can deliver to flotation process has direct benefits in terms of process recovery, and reduced costs related to reagent reduction. Based on the success of this amenability test work SRC have recommended proceeding to a series of confirmatory XRT sorting optimization tests."

SPC Nickel Corp. began trading on the TSXV yesterday under the ticker symbol "SPC," following the completion of all filing requirements and a related $7.82 million private placement. The company boasts two advanced-staged exploration projects (Aer-Kidd, Lockerby East) in the Sudbury Mining Camp and an option on a prospective grassroots exploration project (Janes) within the Sudbury Mining District. The company's President and CEO, Grant Mourre, said:

"This announcement represents a significant milestone for SPC, our team, and our shareholders as we launch a new Ni-Cu-PGM company that is focused on making a discovery within the world-class Sudbury Mining Camp. We believe that the Company's exploration assets, in particular our flagship Aer-Kidd Project, have potential to host high-grade, high-value Ni-Cu-PGM mineralization. We plan on immediately initiating an aggressive $3.6 million exploration program at Aer-Kidd and look forward to steady news flow going forward. SPC's goal is to build and grow into a pre-eminent North American nickel exploration company while also returning value to our shareholders through discovery."

Rio Tinto Group (NYSE:RIO) is investing $2.9 million to construct a new plant to recover tellurium, a critical mineral used in solar panels, as a byproduct of copper smelting at its Kennecott mine near Salt Lake City, Utah. Production is expected for the fourth quarter this year, whereupon the plant will have a capacity to produce approximately 20 tonnes of tellurium per year. Rio Tinto's managing director of Kennecott, Gaby Poirer, said:

"The minerals and metals we produce are essential to accelerate the transition to renewable energy. Adding tellurium to our product portfolio provides customers in North America with a secure and reliable source of tellurium produced at the highest environmental and labour standards with renewable energy. Rio Tinto is committed to using innovation to reduce waste in our production process and extract as much value as possible from the material that we mine and process."

IAMGOLD Corporation (NYSE:IAG) has announced additional assay results from its delineation diamond drilling program at the Gosselin Zone discovery, near the Cote Gold deposit in Ontario, Canada. Craig MacDougall, Executive Vice President, Growth for IAMGOLD, explained:

"These additional results continue to highlight the importance of this new discovery and we are now starting to demonstrate the connection of the Gosselin and Young Shannon Zones outlining mineralization over a sizable area. Our exploration program will continue to focus on the delineation of the mineralized zone targeting the completion of a maiden resource estimate later this year."

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