InvestorIntel Week-in-Review: Berkwood (+33.33%), Hastings Rare Metals (+26.83%), Texas Rare Earth (+24.38%), & Canada Rare Earth (+14.29%)
For the week ending October 25, 2013 allow me to start by thanking everyone wishing me well for being under the weather. Ty, Ann-Marie and I have been heads down and full on for research and development on newsletter writers and the evaluation on the level of influence they have had on the market over the last year. Speaking of influencers, I had a nice discussion with Professor Kingsnorth from Korea who did state in our conversation this morning that indeed a “rejuvenation of the rare earth sector is underway”. Right on Dudley!
Rare Earths & Critical Minerals: The sector’s performance was down– slightly — overall last week with the REE Leaders Index slipping -0.01% (closing at 364 points last Friday), while the InvestorIntel Rare Earths & Critical Minerals members’ average fell -0.40%.
The week’s biggest gainer in the sector was Hastings Rare Metals Ltd. (ASX: HAS), which increased +26.83% on no new announcements. InvestorIntel will be publishing an update on Hastings Rare Metals later this week or so it appears from all of the emails I have seen bouncing around back and forth from Ty and their team.
Other action: Texas Rare Earth Resources Corp. (OTCQX: TRER) increased a strong +24.38% last week on no new announcements and shares in Canada Rare Earth Corp. (TSXV: LL) were up +14.29% for the week (again) on now news.
Matamec Explorations Inc. (TSXV: MAT | OTCQX: MHREF) increased +13.40% on the American exchange and +9.09% on the Canadian exchange. On October 21st Matamec announced the filing of its NI-43-101-compliant Technical Report for the Kipawa JV Heavy Rare Earth Project with Toyotsu Rare Earth Canada, a subsidiary of Toyota – the world’s largest automaker.
Of course a major highlight this week was on October 23rd, Quest Rare Minerals Ltd. (TSX: QRM | NYSE MKT: QRM) released its much-anticipated Pre-Feasibility Study (PFS) on for its Strange Lake B-Zone Deposit (rare earth mine and processing plant), located in northern Quebec. Quest’s comprehensive PFS indicates positive cash flows, a strong internal rate of return (based on a minimum 30-year mine life) and would position QRM to be one of the world’s largest and highest-grade heavy rare-earth mining projects and one of the leading suppliers of HREE+Y globally. The day of the PFS release, InvestorIntel’s Ty Dinwoodie ran down to the Quest Rare Minerals’ exploration office in Toronto for an exclusive with President and CEO Peter Cashin, which resulted in, ‘Quest Rare Minerals advances leading heavy rare earth project with release of positive Pre-Feasibility Study’…we have a video interview planned for follow up this week.
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Speaking of interviews, please be sure not to miss my video interview with Marc LeVier, President and CEO for Great Western Minerals Group Ltd. (TSXV: GWG | OTCQX: GWMGF) from last week, entitled: ‘Advancing Mine-to-Metal – Great Western Minerals Group makes significant progress de-risking one of the most robust REE deposits in the world’. In it, LeVier discusses the just-released metallurgical update on Great Western Minerals’ South African Steenkampskraal Rare Earth Project, as well as provides an update on Great Western Mineral’s wholly owned subsidiary, Less Common Metals Limited, the need for a secure line of high-quality sustainable REEs, and some of the competitive advantages Great Western Minerals offers.
Influencer and consultant Jack Lifton wrote the most popular article on InvestorIntel last week (no surprise there really), entitled: ‘Grade is not King for the production of Critical Rare Earths’ and addresses the critical issue that we need to focus on the building if a Total Rare Earth Supply Chain (TRESC) outside of China.
InvestorIntel’s Australian head editor, Robin Bromby wrote up a bevy of articles on the REE sector last week, including: ‘Tin as a fuel catalyst? Tin as a fire retardant? Its potential uses keep growing – along with the list of companies exploring for it’, ‘How new REE miners might steal a march on their Chinese competition’; and two pieces on Greenland: ‘Greenland opens the door for rare earths (and uranium) – now just watch whether China make its play’, and ‘Greenland Minerals seeks to push the start button – and Australia wants to play uranium catch-up’.
October has shaped up to be quite a month for industry leader, Molycorp, Inc. (NYSE: MCP), which has experienced on the busiest months for announcements in a long time. We cover all the latest Molycorp events in: ‘You can’t move a mine; Molycorp is the largest operational rare earth mine outside of China’
Graphite & Graphene: The sector was down overall last week, with the InvestorIntel Graphite & Graphene members’ average slipping -0.15%.
Top honors for weekly performance goes to Berkwood Resources Ltd. (TSXV: BKR), which was up +33.33%. On October 21st Berkwood announced that is was established in a growing graphite district of Quebec. The following day, InvestorIntel published: ‘Berkwood capitalizes on ‘massive’ graphite mineralization and the power of big brother Mason,’ which explained how since Berkwood acquired the Lac Gueret East Graphite Property in 2012, this region of northeastern Quebec has gained attention for being the location of an advanced developing high grade, flake graphite deposit owned by Mason Graphite. Mason Graphite’s Lac Gueret deposit has NI 43-101 compliant measured & indicated mineral resources of 7.6 million tonnes grading 20.40% carbon as graphite.
Robin Bromby wrote a great article about the ‘wonder material’ graphene, entitled: ‘Britian joins the graphene race, but China sees itself in the lead’. As Robin explains, with the largest graphite reserves in the world, China will not surrender the graphite (or graphene) crown willingly.
One of the most popular articles on InvestorIntel of late is our very in-depth, exclusive feature interview with SGS Canada’s Consulting Metallurgist and top graphite expert, Oliver Peters for: ‘What every investor needs to know about investing in graphite.’ It’s a very thorough lesson in understanding graphite purity and how >99% graphitic purity is achieved and essential reading for those investing (or considering investing) in graphite.
Potash & Phosphate: The sector was down marginally, with the InvestorIntel Potash & Phosphate members’ overall average down slightly -2.63% for the week.
The biggest gainer in the sector was EPM Mining Ventures Inc. (TSXV: EPK | OTCQX: EPKMF) which gained +12.12% on the Canadian exchange last week on no new announcements.
InvestorIntel’s Daniel McGroarty wrote a superb article on Ethiopia and Allana Potash Corp. (TSX: AAA | OTCQX: ALLRF), entitled: ‘Cheer Up, Sir Bob Geldof – Allana Potash is Preparing to Transform Ethiopia into Africa’s Agricultural Superpower,’ outlining the 180-degree transformation of the African country within one generation. On October 17th, Allana announced a change to its BOD and provided a project update. Allana Potash now has the required regulatory approvals to complete the development phase of the Danakhil Project and move directly to contracting, construction and operations…they just put out news at dawn and this should keep them on the fast track with Allana Announces Drill Results From Nova License and Continues to Expand Potash Mineralization…
InvestorIntel is doing a lot more in the Oil & Gas industry sector again — and I had an interview with top ranked former analyst John Clarke on The revolutionary impact of fracking on the Oil and Gas industry and Dr. Luc Duchesne posted a highly clever scientific analogy that you could only find on InvestorIntel, with Fracking, Denim here to stay.
And for last week (drum roll) — the top 10 most reviewed articles and videos of the week plus the #11 because I received so many emails on Robin’s idea:
- Advancing ‘Mine-to-Metal’ vision – Great Western Minerals Group makes significant progress de-risking one of the most robust REE deposits in the world – Tracy Weslosky
- Grade is not King for the production of Critical Rare Earths – Jack Lifton
- What every investor needs to know about investing in graphite – Ty Dinwoodie
- You can’t move a mine; Molycorp is the largest operational rare earth mine outside of China – Ty Dinwoodie
- Cheer Up, Sir Bob Geldof – Allana Potash is Preparing to Transform Ethiopia into Africa’s Agricultural Superpower – Daniel McGroarty
- Quest Rare Minerals advances leading heavy rare earth project with release of positive Pre-Feasibility Study – Ty Dinwoodie
- Revolutionary energy policy positions Germany as a global leader – Ty Dinwoodie
- Greenland opens the door for rare earths (and uranium): now just watch whether China makes its play – Robin Bromby
- Berkwood capitalizes on ‘massive’ graphite mineralization and the power of big brother Mason – Ty Dinwoodie
- InvestorIntel Week-in-Review: Welcome David Morgan, Tasman up +30.72% & IC Potash’s CEO on the future of potash pricing – Tracy Weslosky
- How new REE miners might steal a march on their Chinese competition – Robin Bromby
Here’s to a great week! Tracy
An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>