Minco Share Discussion Threads

[bageo] 10/6/2024 22:01

June 4, 2024
Canterra Files Technical Report for Pit-Constrained Mineral Resource Estimate at Buchans Project
hxxps://canterraminerals.com/news-releases/canterra-files-technical-report-for-pit-constrained-mineral-resource-estimate-at-buchans-project/

This should trigger the issue of the common share purchase warrants (nil consideration) to Buchans and hence distribution of most of these.

[bageo] 10/6/2024 21:54

hxxps://www.erudit.org/en/journals/geocan/2010-v37-n4-geocan37_4/geocan37_4ser01/
Great Mining Camps of Canada 3.The History and Geology of the Buchans Mine, Newfoundland and Labrador

[marthy] 06/6/2024 12:53

We are to receive the CTM shares 2nd quarter ie.in the next few weeks.Our Buchans shares will then be worth more when we receive the CTM shares but the Buchans shares are not listed so they can't be traded, at least not for now 😭 Anybody know what happens next.

[frost1] 06/6/2024 12:50

Fiachra I get a statement every 3 months, When I get next I'm hoping ctm shares will be listed. I will post here

[fiachra] 06/6/2024 11:55

Frost1 Any sign of th CTM shares yet?

[shezza1] 06/6/2024 10:43

Thanks frost1,

I will check this out with IG then

[frost1] 06/6/2024 09:58

I'm with davy Stockbrokers, They list buchans Canadian manganese and minco. They have zero value for minco

[shezza1] 05/6/2024 21:02

HI,

What do other people still have in their stock broker accounts. I have an IG account which says "Buchans Resources - Entitlement" only. No indication there is a "minco exploration" entitled and I am assuming CTM wil not pop up in there either.

There was a canadian magnamese entry but IG force sold these on me last year.

So I guess I am asking, do others see "minco exploration" as an entitlement under their portfolio?

Thanks

[anynews] 30/5/2024 23:34

Canterra promo Video - nothing really new..jam tomorrow.https://youtu.be/EJvOIR9SLZ4?si=au2Vsm0YEnUEDFDlThat guy's previous video with Ml Gentile on Arizona metals was more interesting.

[bodgit] 30/5/2024 14:05

hxxps://www.buchansresources.com/2024/05/29/buchans-resources-reports-first-quarter-2024-results/

[fiachra] 17/5/2024 07:52

anynews. Not very encouraging as regards what? Who is not going to loose what?

[anynews] 16/5/2024 21:10

They're not going to lose this time... The timespan and price are not very encouraging!

GRANT OF STOCK OPTIONS

The Company also reports that it has granted 3,000,000 incentive stock options to directors, management and certain service providers, which vest quarterly over two years. Upon vesting, each stock option is exercisable at $0.10 per share until May 14, 2029.

[anynews] 15/5/2024 21:23

Toronto, Ontario--(Newsfile Corp. - May 15, 2024) - Canadian Manganese Company Inc. (CBOE CA: CDMN) ("CDMN" or the "Company") is pleased to announce that further to the Company's press release dated April 2, 2024, the Company has now satisfied all of the conditions set forth in the royalty purchase agreements and the parties are anticipating that the closing of the royalty purchase will occur on or before May 31, 2024. In connection with the foregoing, the Company has announced that it has provided a redemption notice to the holders of its $5,000,000 principal amount of senior secured convertible debentures (see press release dated October 6, 2023). As a result of such notice the Company has indicated that it will redeem all of the debentures on June 15, 2024 in accordance with their terms.

[frost1] 13/5/2024 19:57

Ctm is one of Rick Rules picks. Good reading on ctms advfn comments section

[frost1] 13/5/2024 19:49

Manganese up 36% in last week.

[bodgit] 10/5/2024 07:07

Buchans Resources Limited (the “Company”; or “Buchans”;), a Canadian mineral exploration and development company, reports that it held its Annual and Special Meeting of shareholders today in Toronto.

John F. Kearney, Chairman and Chief Executive Officer, provided shareholders with a review of the current position and outlook for the Company.

“In December 2023, Buchans sold our mineral exploration properties, located in Newfoundland, to Canterra Minerals Corporation, for shares of Canterra.

That represented a total value of $11.5 million. That is equivalent to 18 cents per share of Buchans.

For the year ended December 31, 2023, Buchans recorded income of $5.6 million, and ended the year with a working capital surplus of $15 million.

As previously reported, Buchans intends to distribute at least 67% of the Canterra shares to Buchans shareholders. That was the purpose of the special resolution to reduce the stated capital, which was passed at the meeting today. so that we can make that distribution on a tax efficient basis.

We plan to make the distribution during the second quarter of 2024.

It is important to note that Buchans shareholders will retain their shareholding in Buchans, which will continue to hold our, long overlooked, but promising, nickel copper cobalt, and gold exploration assets, in Labrador.

Our South Voisey’s Bay project has high-priority, drill-ready, targets in a confirmed, Voisey’s Bay style, environment, while our Tasiuyak Gold Project is believed to represent an orogenic, iron formation-hosted, gold environment, comparable to the renowned, former Homestake, gold mine, in South Dakota.”

At the same time, shareholders will continue to participate, indirectly, in ongoing exploration in the Buchans camp, in Newfoundland, through holding the shares of Canterra, which will be distributed.”


ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

We are pleased to report that Buchans’ shareholders passed a special resolution to approve the distribution of Canterra shares to Buchans shareholders. Further information on the Distribution will be disclosed in due course, but it is expected that the Distribution will take place in the second quarter of 2024.

We now intend to distribute (the “Distribution”) the majority of the Canterra Shares underlying the Consideration Warrants received from the Canterra Transaction (the “Distributed Shares”) that we currently hold to our shareholders. We intend to effect the Distribution as a return-of-capital, which we believe is the most tax efficient manner of effecting the Distribution.

As described further in the Circular, we intend to retain a shareholding of Canterra Shares valued at approximately $3 million to fund our nickel, copper, cobalt and gold exploration assets in Labrador and general working capital, with the goal of advancing these long overlooked but promising assets over the next 2 years, and to provide ongoing working capital for the Company.


ELECTION OF DIRECTORS AT AGM

All of the nominees for re-election as director were re-elected, to serve until the next annual general meeting of shareholders. The results were as follows:

Director For Withhold
John F. Kearney 11,307,120 3,177
Patrick Downey 11,307,120 3,177
Terence McKillen 11,307,120 3,177
Peter McParland 11,307,120 3,177
Michael Power 11,307,120 3,177
Danesh Varma 11,289,774 20,523

RE-APPOINTMENT OF AUDITOR

McGovern Hurley LLP Chartered Professional Accountants were re-appointed as auditor for the current year and the directors were authorized to fix the remuneration of the auditor with 11,348,885 shares voted in favour and 2,354 shares withheld.


APPROVAL OF STATED CAPITAL REDUCTION AND RETURN OF CAPITAL

Shareholders approved the reduction of the stated capital account, for the purpose of distributing shares of Canterra Minerals Corporation to Buchans shareholders with 11,302,743 shares voted in favour and 7,554 shares against.

Click here to download a copy of this News Release (PDF).

[marthy] 09/5/2024 18:57

Minco? Minco?. Ah now I remember.I'm sure I have some of these. Is there still a bit of life in them. Anybody checked it's pulse lately. Buchans shareholders are getting Canterra shares today. Any idea when Buchans will be listed.

[bodgit] 09/5/2024 12:59

Fingers crossed for positive votes on all the resolutions today. Some positive news from Minco would be welcome too.... Gla.

[anynews] 03/5/2024 22:03

Royalties Inc Annual Report summary... Just need to win the Court case with Cozamin & Silver to rise for a big Bilboa sale distribution!https://www.newsfilecorp.com/release/207240/Royalties-Inc.-Reports-2023-Yearend-ResultsPeople forget Bilboa has a lot of money spent on it -is proven & is open to expansion with more drilling. My current Brokers don't trade this, maybe for my well being but it's the kind of thing I'd like to nibble on now and then & put in the drawer. But then you've seen my record! (I am sitting on a good few RI's already)

[lendmeafiver] 02/5/2024 15:59

No problem, key bit:

Buchans believes the property hosts mineralization analogous to the former Homestake mine in South Dakota (which produced more than 40 million ounces of gold and 9 million ounces of silver from ~150 million tonnes of ore averaging ~8.4 g/t Au).
Buchans is currently evaluating a plan to increase exploration activities on the property which could commence later this year.

[fiachra] 02/5/2024 15:54

lendmeafiver Thanks.

[lendmeafiver] 01/5/2024 09:16

www.buchansresources.com/projects/newfoundland-labrador-gold-projects/tasiuyak-project/

[fiachra] 01/5/2024 09:06

lendmeafiver.Tasiuyak project?

[lendmeafiver] 30/4/2024 20:14

The Tasiuyak project sounds particularly interesting, well worth a read on the Buchans website.