Australian (ASX) Stock Market Forum

EMC - Everest Metals Corporation

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Good news for UraniumSA Limited today. The company intends to acquire Nomad Explorations Pty Ltd, the owner of six highly prospective cobalt-copper-nickel assets in NSW, the Northern Territory and Western Australia.

To fund the acquisition the company intends to raise approximately $1,200,000 by issuing 171,500,000 shares at $0.007. The funds will be used to explore the company's own tenements, the new Nomad tenements and for working capital.

USA is currently trading at 1.4c, up 92.86% on yesterday's close of 0.7c.

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On August 1st, 2018, UraniumSA Limited (USA) changed its name and ASX code to Twenty Seven Co. Limited (TSC).
 
Another stock Uranium SA changed name in 2018 and https://www.asx.com.au/asxpdf/20200903/pdf/44m8v5scmt4lc4.pdfno posting .
Now called TSC, has gone into halt for capital raising and two mining leases. Primarily to get some cash.
When you read the gold chip - 0.17 gm per ton . Joke as many gold operations discard their gold at 0.2 gm per ton.
But good publicity will be there.
I will be watching what new surprise market gets when it is xR.
https://www.asx.com.au/asxpdf/20200903/pdf/44m8v5scmt4lc4.pdf
 
well, you have to take advantage of a SP jump to not dilute too much. And I mean, raise capital on no news? How does that work?
 
On December 9th, 2022, Twenty Seven Co. Limited (TSC) changed its name and ASX code to Everest Metals Corporation Limited (EMC).
 
On Tuesday, Everest Metals told investors that Rio Tinto Exploration, a subsidiary of Rio, will commence a drilling program to assess reserves at its Rover Project, located near Sandstone in WA. Shares rallied 11 per cent to 25¢ on the news.

Rio’s subsiduary signed a binding term sheet with Everest in March 2021, where the mining major paid the junior explorer an initial $25,000 for 6 months of exclusive exploration for non-gold minerals. Then in October 2022, Rio took an 80 per cent interest in the venture and shelled out $5 million for further exploration.

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Summit in view, or just foothills?
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Dona Ferentes said:
On Tuesday, Everest Metals told investors that Rio Tinto Exploration, a subsidiary of Rio, will commence a drilling program to assess reserves at its Rover Project, located near Sandstone in WA. Shares rallied 11 per cent to 25¢ on the news.

Rio’s subsiduary signed a binding term sheet with Everest in March 2021, where the mining major paid the junior explorer an initial $25,000 for 6 months of exclusive exploration for non-gold minerals. Then in October 2022, Rio took an 80 per cent interest in the venture and shelled out $5 million for further exploration.

View attachment 159450

Summit in view, or just foothills?
View attachment 159451
Click to expand...
The summit was in view, until the low Li grades, at Mt Edon. The upside is mineralisation in every hole. Just not commercial at this stage. Only 400m drilled though. So tiny first punt.
 
Dona Ferentes said:
On Tuesday, Everest Metals told investors that Rio Tinto Exploration ...

...Summit in view, or just foothills?
Click to expand...
and that was about it. a rapid descent.

Screenshot_20230919-072837_CommSec.jpg

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now , any more announcements have to offer some meat. the 24 August one was distinctly sparse;
LARGE TENEMENT PACKAGE
GRANTED IN NORTHERN TERRITORY
Highlights
- Six promising Exploration Licences granted for 6 year period in Alice Springs and Central Desert Regions, Northern Territory
- Granted tenements covering 3,421km2, giving EMC significant land holding in Northern Territory
- Preliminary Desktop Studies completed, follow up target generation for Battery and Critical Metals underway.

... probably the WA leases will provide news sooner
One of Rio Tinto's tenement packages, covering about 40,000 hectares near Sandstone, is strategically located close to its existing partnership with ASX-listed lithium hopeful Everest Metals
Click to expand...
 
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