| From: pstad60 | 3/10/2023 4:19:49 PM | | | | | | Chen Lin recommends Stuhini Exploration as a buy
At this year's Metals Investor Forum held in Toronto this past weekend, investment newsletter
writer Chen Lin met up with Stuhini Exploration's CEO Dave O'Brien for a 10 minute interview.
youtube.com
According to information provided by someone on the CEO.ca Stuhini forum, Chen Lin has
recommended Stuhini Exploration as a buy in the latest issue of his newsletter subscription
service. Stuhini could see its market cap reach the $100's of millions.
Current Stuhini market cap is about $25 million.
Recall that former operator Adanac Moly Corp once had a market cap of $300 million when
molybdenum prices were last at these price levels in 2008 prior to the 2008-09 credit crisis
and collapse in the price of molybdenum.
The current private placement has been increased twice (from $1.6 million to $2.3 million)
since it was announced on February 23, 2023 with Eric Sprott as the lead investor with
$1 million committed. There was overwhelmig demand for this financing.
stuhini.com
The financing is expected to close on or about March 15, 2023 fully subscribed .
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| To: pstad60 who wrote (96) | 3/10/2023 4:55:46 PM | | From: pstad60 | | | | Stuhini Presentation at the 2023 Metals Investor Forum
This past weekend, Stuhini CEO Dave O'Brien put on a 12 minute presentation at the 2023 Toronto Metals Investor Forum
He mainly concentrated on the Ruby Creek Project, but also referred to some of the company's other exploration projects as well.
youtube.com
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| From: pstad60 | 3/20/2023 4:35:11 PM | | | | | | Stuhini Exploration Ltd. Closes Upsized Private Placement
VANCOUVER, BC, March 20, 2023 /CNW/ - Stuhini Exploration Ltd. (the "Company" or "Stuhini") (TSXV: STU) (OTCPK: STXPF) is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") previously announced on February 23, 2023 and upsized on March 2, 2023 and March 6, 2023 for gross proceeds to the Company of $2,400,000. Mr. Eric Sprott, the Company's strategic investor, subscribed for 2,500,000 units of the Company for gross proceeds of $1,000,000.
Under the Private Placement, the Company has issued a total of 6,000,000 units of the Company ("Units") at a price of $0.40 per Unit. Each Unit consists of one common share (each a "Common Share") of the Company and one half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant is exercisable into one Common Share at a price of $0.50 per Common Share until March 17, 2025.
The net proceeds of the Private Placement will be used: (i) to fund the final cash payment of $640,000 under the option agreement pursuant to which the Company was granted a right to acquire a 100% interest in the Ruby Creek Property; and (ii) for general exploration, corporate and administrative expenses.
Mr. Eric Sprott through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 2,500,000 Units in the Offering for total consideration of $1,000,000. Prior to the closing of the Offering, Mr. Sprott beneficially owned or controlled 3,234,783 Shares and 217,391 Warrants, representing approximately 8.4% of the outstanding Shares on a non-diluted basis and 8.9% of the outstanding Shares on a partially-diluted basis. Subsequent to the Offering, Mr. Sprott beneficially owns and controls 5,734,783 Shares and 1,467,391 Warrants, representing approximately 12.9% of the outstanding Shares on a non-diluted basis and 15.7% of the outstanding Shares on a partially diluted basis.
The Units were acquired for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other factors that Mr. Sprott considers relevant from time to time.
A copy of the applicable early warning report will appear on the Company's profile on SEDAR and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).
In connection with the closing of the Private Placement, the Company paid finders' fees in cash totalling $9,180.00 to Canaccord Genuity Corp., Haywood Securities Inc. and Leede Jones Gable Inc. (collectively, the "Finders"), representing 6% of the gross proceeds from the sale of Units placed by the Finders, and issued to the Finders a total of 22,950 non-transferable finder's warrants ("Finder's Warrants"), representing 6% of the Units placed by such Finders. Each Finder's Warrant entitles the holder thereof to acquire one Common Share at a price of $0.50 per Common Share until March 17, 2025.
All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day expiring on July 18, 2023. The Private Placement is subject to final approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on the exploration and development of precious and base metals properties in western Canada and southwestern USA. The Company's portfolio of exploration properties includes: its flagship, the Ruby Creek Property located approximately 20 km east of Atlin, British Columbia; the Que Project located approximately 70 km north of Johnson's Crossing in the Yukon; the South Thompson Project located approximately 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property located approximately 57 km south of Revelstoke, British Columbia; and its new portfolio of 4 properties in southeast Arizona.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
David O'Brien, President & Chief Executive Officer, Stuhini Exploration Ltd.,
Email: dobrien@stuhini.com,
Phone: (604) 835-4019,
Web: www.stuhini.com
Source : newswire.ca
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| From: pstad60 | 3/31/2023 10:52:01 PM | | | | | | Stuhini Renews Option on Que Project
VANCOUVER, BC, March 31, 2023 /CNW/ - Stuhini Exploration Ltd. ("Stuhini" or the "Company") (TSXV: STU) (OTCPK: STXPF) announces that the Company has renewed its option on the Que Project. The Option Agreement was first announced on February 21, 2020 and amended and restated on October 26, 2020 whereby Stuhini can acquire a 100% interest in the road accessible Que Property (the "Property"), located in the Yukon, Canada approximately 70 kilometres from Johnson's Crossing (the "Option").
The agreement as amended provides for the payment of a total of 112,500 Shares of the Company to Optionors, as defined in the Option Agreement, on the Third Anniversary Date of the approval of the Option by the TSX-V. These shares are the only committed payment over the next 12 months. There are no work commitments. The balance of the share issuances and the cash payments are all at the Company's election should it wish to maintain the Option after April 2, 2024.
Dave O'Brien, Company President and CEO commented: "Given the notable molybdenum price uptick over the past 4 months, we are presently focused on the advancement of our Ruby Creek Molybdenum deposit, but we remain encouraged by the prospectivity of the Que Project and believe this is a notable asset within the Companies Project portfolio."
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on the exploration and development of precious and base metals properties in western Canada and south-western USA. The Company's portfolio of exploration properties includes: its flagship, the Ruby Creek Property located approximately 14 km east of Atlin, BC; the Que Project located approximately 70 km north of Johnson's Crossing in the Yukon; the South Thompson Project located approximately 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property located approximately 57 km south of Revelstoke, British Columbia; and its portfolio of properties in south-east Arizona.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
David O'Brien, President & Chief Executive Officer Stuhini Exploration Ltd.,
Email: dobrien@stuhini.com
Phone: (604) 835-4019,
Web: www.stuhini.com
Source : newswire.ca
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| From: pstad60 | 4/26/2023 11:10:29 AM | | | | | | Researchers look beyond silicon to potentially double solar cell efficiency
A team at Colorado State University proposes making thin-film solar cells from naturally abundant molybdenum disulfide.
APRIL 20, 2023 ANNE FISCHER
RESEARCH COLORADO
CSU researchers Yusef Farah and Rachelle Austin with the ultrafast pump-probe transient absorption spectrometer they used to measure charge carrier properties of molybdenum disulfide thin films.
Image: John Eislele
Most solar panels used today are made from silicon, a well-tested semiconductor material that is not without limitations. For example, silicon loses up to 40% of the energy it collects from sunlight in the form of heat waste. Researchers at Colorado State University (CSU) are studying radical new ways to improve solar power and provide more options for the future.
CSU chemists are proposing to make solar cells using an abundantly available natural material called molybdenum disulfide. Using a combination of photoelectrochemical and spectroscopic techniques, the researchers conducted a series of experiments showing that extremely thin films of molybdenum disulfide display unprecedented charge carrier properties that could someday drastically improve solar technologies.
The experiments were led by chemistry Ph.D. student Rachelle Austin and postdoctoral researcher Yusef Farah. Austin works jointly in the labs of Justin Sambur, associate professor in the Department of Chemistry, and Amber Krummel, associate professor in the same department. Farah is a former Ph.D. student in Krummel’s lab. Their work is published in Proceedings of the National Academy of Sciences.
Sambur’s lab became interested in molybdenum sulfide as a possible alternative solar material based on preliminary data on its light absorption capabilities even when only three atoms thick, explained Austin.
The collaboration made use of Sambur’s expertise in solar energy conversion using nanoscale materials, and Krummel’s expertise in ultrafast laser spectroscopy, both of which helped them understand how different materials are structured and how they behave.
Krummel’s lab contains a state-of-the-art ultrafast pump-probe transient absorption spectrometer that can very precisely measure the sequential energy states of individual electrons as they are excited with a laser pulse. Experiments using this spectrometer can provide snapshots of how charges flow in a system.
Austin created a photoelectrochemical cell using a single atomic layer of molybdenum sulfide, and she and Farah used the pump-probe laser to track the cooling of electrons as they moved through the material. What they found was astoundingly efficient light-to-energy conversion. More importantly, the laser spectroscopy experiments enabled them to show why this efficient conversion was possible.
What they learned was that the material could convert light to energy so well because its crystal structure allows it to extract and exploit the energy of so-called hot carriers, which are highly energetic electrons that are briefly excited from their ground states when hit with enough visible light. The researchers found that in their photoelectrochemical cell, the energy from these hot carriers was immediately converted into photocurrent, as opposed to being lost as heat, which gave it an advantage over conventional silicon solar cells.
“This work paves the way for knowing how to design reactors that contain these nanoscale materials for efficient and large-scale hydrogen production,” Sambur said.
The project was a collaboration with Professor Andrés Montoya-Castillo and Dr. Thomas Sayer of University of Colorado Boulder, who contributed theoretical chemistry and computational modeling to help explain and verify the experimental data.
“The discovery required a ‘team science’ approach that brought together many different types of expertise, in computational, analytical and physical chemistry,” Krummel said.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Source :
pv-magazine-usa.com
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| From: pstad60 | 5/11/2023 5:29:04 PM | | | | | | Stuhini Exploration will be in attendance at the Vancouver Metals Investor Forum
to be held on May 26 and 27 at the Rosewood Hotel Georgia in Vancouver B.C.
metalsinvestorforum.com
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Refer back to Stuhini CEO Dave O'Brien's previous presentaion at the Toronto Metals Investor Forum in early March 2023
m.youtube.com
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Anlalyst Chen Lin who recommends Stuhini as a buy, also interviewed Dave O'Brien at the Toronto Forum
m.youtube.com
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Hope to hear an update about Stuhini's exploration plans for 2023.
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| From: pstad60 | 6/1/2023 12:06:52 AM | | | | | | Chen Lin interviews Stuhini CEO Dave O'Brien
Stuhini CEO Dave O'Brien attended the May 26/27 2023 Vancouver Metals Investor Forum.
Chen Lin is the first well known analyst to recommend Stuhini as a buy, and he has
participated in the recent financings by the company.
Link to the 10 minute interview with Chen Lin and Dave O'Brien:
m.youtube.com
Dave O'Brien also put on a 10 minute presentation of Stuhini on Friday May 26 :
m.youtube.com
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| From: pstad60 | 6/6/2023 9:49:56 AM | | | | | | Stuhini Exploration Completes Acquisition of Ruby Creek Molybdenum Property
VANCOUVER, BC, June 6, 2023 /CNW/ - Stuhini Exploration Ltd. ("Stuhini" or the "Company") (TSXV: STU) (OTCPK: STXPF) is pleased to announce that it has completed the exercise of its option and now owns a 100% interest in the Ruby Creek project (the "Ruby Creek Project" or the "Property") located in northwestern British Columbia, Canada.
Pursuant to an option agreement dated July 29, 2019, as amended October 28, 2019 (the "Option Agreement") between the Company and Global Drilling Solutions Inc. ("Global Drilling"), Global Drilling granted the Company an option to acquire a 100% interest in the Property by issuing an aggregate total of 7,300,000 common shares of the Company ("Common Shares") and making aggregate cash payments of $1,060,000 to Global Drilling over a four-year term, subject to acceleration at the sole discretion of the Company, on such terms and conditions provided for in the Option Agreement (see news releases dated July 30, 2019 and November 20, 2019).
In accordance with the Option Agreement, prior to the date hereof, the Company had issued to Global Drilling an aggregate total of 5,550,000 Common Shares and has made cash payments to Global Drilling in an aggregate total amount of $420,000. The Board of Directors of the Company (the "Board") has unanimously determined that it is in the best interests of the Company to accelerate the final option payment (the "Final Option Payment") consisting of the issuance of 1,750,000 Common Shares and the payment of $640,000 to Global Drilling pursuant to the terms of the Option Agreement. The Company fulfilled the Final Option Payment and exercised its option to acquire the Property on June 5, 2023.
Mr. Dave O'Brien, President and Chief Executive Officer of Stuhini stated: "This is a milestone event for Stuhini given the potential of the Property and the leverage we believe it provides on the molybdenum space. The Board voted unanimously to complete the exercise of the option for the Property early in order to attain 100% ownership because we believe that it positions the Company more favourably to search for a potential suitor or strategic partner. The price of molybdenum, based on the LME Platts Molybdenum futures prices, has more than doubled since we first optioned the Property. The Board also considers that the remaining of 26,989 hectares of the Property outside of the 2,466-hectare lease associated with the molybdenum deposit is prospective for base and precious metals and provides additional potential value to the Property beyond the molybdenum resource.
Early Warning Disclosure:
Global Drilling is beneficially owned by Barry Hanslit, a co-founder of the Company and the vendor of the Property. Immediately prior to the Final Option Payment, Mr. Hanslit beneficially owned or controlled 6,800,000 Common Shares representing approximately 15.2% of the outstanding Common Shares on an undiluted basis. Immediately after the completion of the Final Option Payment, Mr. Hanslit beneficially owned or controlled 8,550,000 Common Shares, representing approximately 18.4% of the outstanding Common Shares on an undiluted basis, representing an increase in holdings of approximately 3.2%.
Mr. Hanslit has advised the Company that the Common Shares are being held for investment purposes. Mr. Hanslit has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other factors that Mr. Hanslit considers relevant from time to time.
A copy of the applicable early warning report will be filed on behalf of Mr. Hanslit on the Company's profile on SEDAR and may also be obtained by contacting Mr. Hanslit at (604) 639-2278, 8621 Forest Ridge Drive, Whistler, BC V8E 0G1.
Ruby Creek Project:
The 29,479-hectare Ruby Creek Project is road accessible and located 14 kilometres (km) east of Atlin, British Columbia ("BC"). There are 48 different documented mineral occurrences on the Property, of which 16 are gold-related, with 7 significant gold placer creeks. The Property also hosts the Ruby Creek Molybdenum deposit, which hosts a measured and indicated pit constrained resource of 433 million lbs molybdenum using US$15.00 per lb molybdenum prices and a 0.02% cut-off grade.1 Stuhini owns 100% of the Ruby Creek Project.
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on the exploration and development of precious and base metals properties in western Canada and south-western USA. The Company's portfolio of exploration properties includes: its flagship, the Ruby Creek Project located approximately 14 km east of Atlin, BC; the Que Project located approximately 70 km north of Johnson's Crossing in the Yukon; the South Thompson Project located approximately 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property located approximately 57 km south of Revelstoke, BC; and a portfolio of properties in south-east Arizona.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Ehsan Salmabadi, P. Geo. Vice President Exploration, is the Qualified Person for the Company and has also validated and approved the technical and scientific content of this news release.
1
| See "Technical Report, Ruby Creek Project, Northern British Columbia, Canada" effective March 10, 2022 and dated April 22, 2022 authored by Steven Ristorcelli, C. P. G., Peter Ronning, P. Eng., Finley Bakker, P. Geo., and John Eggert, P. Eng.
|
For further information:
David O'Brien, President & Chief Executive Officer,
Telephone: (604) 835-4019,
Email: dobrien@stuhini.com
Source:
https://www.newswire.ca/news-releases/stuhini-exploration-completes-acquisition-of-ruby-creek-molybdenum-property-812388748.html
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| From: pstad60 | 6/6/2023 12:41:03 PM | | | | | | With the completion of the final option payment for the Ruby Creek Project announced this morning, the share structure is now roughly :
Current shares issued and outstanding as of June 6, 2023 :
46,279,594 common shares and 8,355,128 warrants
(2,260,066 warrants exercisable @ $0.60 expiring August 2024)
(2,001,092 warrants exercisable @ $0.35 expiring December 20, 2024)
(1,071,020 warrants exercisable @ $0.35 expiring January 13, 2025)
(3,022,950 warrants exercisbale @ $0.50 expiring March 20, 2025)
If all of the warrants are eventually exercised the oustanding shares would be 54,634,722.
If all warrants are exercised, the company would received approx $5,942,753 in cash.
.
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The best example of how undervalued Stuhini shares are is to refer to the last acquisition of a molybdenum
deposit which occurred in October 2022 by Zijin Mining Group
www1.hkexnews.hk
The purchase price of RMB5.61 Billion worked out to approx US$0.16 / lb in the gournd .
When Zijin Miming completed the acquisition of the Shapinggou molybdenum mine, molybdenum was trading just below US$20.00 / lb.
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Stuhini has a pit constrained resource of 476.5 million lbs of moly in the ground in measured, indicated
and inferred categories
If a major mining firm was interested in buying the Ruby Creek moly deposit outright,
using Zijin Mining's purchase price of US$0.16 / lb would equate to :
US$0.16 X $1.34 exchange rate X 476.5 million lbs = C$102,161,600
C$102,161,600 / 54,634,753 shares O/S (warrants fully exercised) = C$1.87 / share
for the Ruby Creek Moly deposit which is now 100% owned by Stuhini with the completion of the final option payment announced this morning.
Current moly prices are currently trading above that level :
lme.com
1 month contract : US$22.95 / lb
2 thru 15 month : UIS$22.42 / lb
Daily Spot :
dailymetalprice.com
US$23.53 / lb
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