objective capital rare earth and minor metals investment summit: where are the miners’ looking,...
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Objective Capital Rare Earths, Speciality and Minor Metals Investment Summit Where are the miners’ looking, who’s looking and who’s paying for assets 18 March 2010 by Don Pridmore, Intierra Resource IntelligenceTRANSCRIPT
RARE EARTHS, SPECIALITY & MINOR METALS INVESTMENT SUMMIT
THE LONDON CHAMBER OF COMMERCE AND INDUSTRY ● THURSDAY, 18 MARCH 2010www.ObjectiveCapitalConferences.com
Investment Conferences
2.55 – 3.20 Where are the miners’ looking, who’s looking and who’s paying for assetsDon Pridmore – Managing Director, Intierra Resource Intelligence
Objective Capital: Rare Earths … Summit
March 18, 2010
Don Pridmore, Mickey Thompson and Jeremy Thompson
REE and Vanadium Companies
Intierra’s Business
Rare Earth Elements(REE)
Used in high tech applications and energy efficient technologies
Production of hybrid/solar cars, solar panels, wind turbines, compact florescent lighting, high energy magnets, mobile phones and computers
REE Facts
REE Elements
Lanthanum (La), Cerium (Ce), Praseodymium (Pr),
Neodymium (Nd), Promethium (Pm), Samarium (Sm),
Europium (Eu), Gadolinium (Gd), Terbium (Tb),
Dysprosium (Dy), Holmium (H0), Erbium (Er),
Thulium (Tm), Ytterbium (Yb), Lutetium (Lu)
Scandium (Sc) Yttrium (Y)
(UNOBTAINIUM is not a rare earth!)
Up until 1985, USA was dominant producer
In 2009, 95% of production will come from China
China will start to limit exports opening up requirement for new sources
REE Facts
REE Facts
Companies Properties82 TSX-V 147
17 TSX 23
48 ASX 60
3 LSE 3
4 AIM 4
1 OFEX 1
2 JSE 2
39 other 40
198 Companies with REE properties
Global REE Properties Status
Grass Roots 160Exploration 60Advanced Exploration 25Pre-feasibility 6Feasibility 0Construction 1Operating 18
Total 278
Company Raised US$ Title Type Activity Country TotalRare Element Resources Limited $3,000,000 Private Placement Private Placement Exploration USA
USA $3,000,000Avalon Rare Metals Inc. $16,988,823 Bought deal financing Private Placement Development CANFieldex Exploration Inc. $1,940,000 Private Placement Private Placement Exploration CANQuest Uranium Corporation $6,107,264 Private Placement Private Placement Exploration CANTNR Gold Corp. $2,910,000 Private Placement Private Placement Working Capital CAN
CAN $28,000,000Arafura Resources Limited $9,037,549 Rights Issue Entitlement Issue Development AUS
$15,750,000Placement & Rights Issue to Advance Nolans Private Placement Development AUS
Lynas Corporation Ltd $85,050,000Equity Subscription for Lynas Rare Earth Project Private Placement CAPEX AUS
$405,000,000Equity Raising for Phase 1 of Rare Earth Project Private Placement CAPE AUS
AUS $515,000,000
Total $546,000,000
Capital raisings for REE projects
Property transactions REE projects
Report date Property Country Seller Buyer Transaction type Resource
30-Jan-09 Agnew Lake Canada Nyah resources Inc. Cash Minerals Ltd Equity ThoriumUranium Mine Uranium 4320t
Yttrium
13-Jan-09 Steenkampskraal South Africa Rare Earth Extraction Co. Great Western ZAR 1,000,000 Copper 944tRare Earth Mine Minerals Group Ltd Gold 1,897 oz
Rare earth 29,400tSiver 22,763
Vanadium
Companies38 TSX-V
11 TSX
58 ASX
3 LSE
4 AIM
4 JSE
49 other
169 Companies with V2O5 properties
Property transactions V2O5 projects
Name Country Status Transaction Cash USD Transaction Buyer Transaction Seller Resource Savage River Magnetite Mine Australia Operating Grange Resources Limited
(100.00% acquired)Jiangsu Shagang Group Co Ltd, Unknown Company or Entity
Saint Urbain Titanium/Iron Ore Project Canada Adv. Exploration 97,549 Rock Tech Resources Inc (100.00% acquired)
Other Parties/Vendors
Titan Magnetite/Titanium Project Canada Adv. Exploration 487,326 Prophecy Resources Corp. (80.00% acquired)
Randsburg International Gold Corp.
117,600
Yangqueqing Magnetite/Titanium/Vanadium Mine China Operating 29,292,179 China Vanadium Titano-Magnetite Mining Co., Ltd. (100.00% acquired)
Huilixian Yangqueqing Iron Mine
Amazon Bay Iron Sands Project Papua New Guinea Pre-feas/Scoping MIL Resources Limited (51.00% acquired)
Unknown Company or Entity
Ruoutevare Magnetite/Titanium Deposit Sweden Pre-feas/Scoping WAG Limited (50.00% Beowulf Mining plc 280,000Paris Hills Vanadium Deposit United States Adv. Exploration 959,634 Stonegate Agricom Ltd
(100.00% acquired)Rocky Mountain Resources Corp.
315,337
Capital raisings for Vanadium projects
Company Raised US$ Title Type Activity Country Total Crosshair Exploration & Mining Corp. $3,904,000 Brokered Private Placements Private Placement Exploration CAN
CAN $3,904,000Largo Resources Ltd. $2,928,000 Private Placement Private Placement Other BRAZ Largo Resources Ltd. $7,808,000 Private Placement - Maracas additional interest Private Placement Asset Acquisition BRAZ
BRAZ $10,736,000Reed Resources Ltd $9,984,400 Placement and Share Purchase Plan Private Placement Exploration AUST
AUST $9,984,400
Total $24,624,400