Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Bacanora Lithium (AIM: BCN) (the Company or Bacanora ) has commenced initial site activities at the Sonora Lithium Project (the Project ), located in Mexico. This milestone follows the Company s successful US$65 million fundraise last week, which, in combination with existing cash and the undrawn portions of its debt financing facility, will finance Bacanora s 50% share of the capital cost required for Stage 1 of the Project. Bacanora is building the Project together with its partner, Ganfeng Lithium Co., Ltd. ( Ganfeng ), the world s largest lithium metals producer. Both parties are working towards a development timetable for Sonora, with scheduled production of battery grade lithium products in 2023.
High-density pumped hydro âcould be installed on thousands of small hillsâ 08 Feb 2021
Professional Engineering
Unlike conventional hydro power systems, the RheEnergise systems could operate across smaller elevation changes (Credit: RheEnergise) Thousands of hillsides around the UK could host a new type of pumped-hydro energy storage system, its developers have claimed.
Unlike conventional hydro power, the system from RheEnergise uses dense liquid instead of water. The fluid is two-and-a-half-times denser than water, and could therefore potentially provide two-and-a-half-times the power of equivalent conventional systems.
The High-Density Hydro systems would be built underground. Its developers said it could offer long-term energy storage at relatively low costs, with high energy efficiency.
This Omai Gold Mines profile is part of a paid investor education campaign.
Overview
Base and precious metals mining make up a significant portion of Guyana’s economy. The country’s mineral heritage not only includes high-quality copper, iron and nickel occurrences but well-known deposits of gold, bauxite and diamonds. Leveraging Guyana’s pro-mining government and the country’s stable Mining Act, resource companies operating in the country could offer investors significant returns.
In 2019, the country declared the production of 634,905 ounces of gold, up slightly from its 2018 output. For junior mining companies operating out of this prospective jurisdiction, potential discoveries offer an exciting opportunity for economic success.
European Metals (AIM: EMH) - Cinovec Project - Measured Resource Drilling Update. Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that European Metals Holdings Limited ( European Metals EMH or the Company ) has today announced initial results from its current nineteen hole resource drilling programme at the Cinovec Project in which it holds a 49% interest. The current programme of work was announced by the Company on 10 August 2020 (Measured Resource Drilling Commenced). Drilling of twelve of the nineteen holes has been completed and the thirteenth hole is currently underway. Analytical results for first six of the drill holes from the Cinovec South deposit are reported.
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