Uru Metals Share Discussion Threads

[hedgehog 100] 06/3/2022 14:03

It's a sign of the Zeb Nickel Project's quality that directors of this quality are taking such prominent roles in it:

"Wayne Isaacs
CEO & DIRECTOR
Mr. Isaacs has a 30-year career on Bay Street specializing in the resource sector both as a corporate executive of resource companies and as an investment banker. ...
Mr. Isaacs has been involved as principal in 30 listed companies and has served as a director and / or senior officer of over 35 listed companies. He was the President and Director of Forsys Metals Corp. from 2003 to 2007, a TSX listed company with uranium properties in Namibia, Africa which he managed from start up to in excess of $750 million in market capitalization raising over $70 million to advanced its uranium property from the exploration stage to the production decision stage. ..."

"GREG MCKENZIE
Director
Mr. McKenzie (JD, MBA) is a former senior investment banker with more than 20 years of experience in financing, M&A, financial advisory, valuation, and strategic advice to mid-cap companies. Mr. McKenzie has held positions with Morgan Stanley, CIBC World Markets and Haywood Securities, and has been involved in transactions valued in excess of $18 billion. ..."

[hedgehog 100] 06/3/2022 10:57

Thanks Kemche.

And a compelling name perhaps?!

Uru Metals (URU) is a South African nickel mining share.

Which may trigger memories of Uramin (UMN), a southern Africa uranium mining share.

Uramin was founded by Stephen Dattels and Jim Mellon in 2005 with just $100,000.
It floated on AIM in 2006, and was sold to Areva in 2007 for circa £1.6 billion.

Uramin (UMN):




P.S. And notice the 'rounding bottom' (a.k.a. a 'bowl') on the UMN chart.

[kemche] 05/3/2022 20:54

Compelling valuation HH.

[hedgehog 100] 05/3/2022 16:54

"Rounding Bottom

By LUCAS DOWNEY Updated May 07, 2021
Fact checked by KIRSTEN ROHRS SCHMITT

What Is a Rounding Bottom?

A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem, where volume confirms the price action. ..."







Yesterday's URU volume was 30,582 shares traded, the highest daily volume for over six months, and not far short of 2% of the 1.65M. shares in issue.

[kingharold] 05/3/2022 12:12

Depends on the spread. 49%?

[hedgehog 100] 04/3/2022 18:24

LSE % Gainers
Top Lists
EPIC Name %
URU Uru Metals +41%
EVR Evraz +30%

Nice to see URU finish number one on the top risers board for the weekend, closing up 55p to 190p.

Hopefully this sets the scene for a good week ahead.

[hedgehog 100] 04/3/2022 13:54

This is what URU has a three quarters share of, via North American listed Zeb Nickel:

"ZEB NICKEL PROJECT

Due to the location, geometry and size of the orebody, the Zeb Nickel Project is an attractive source for environmentally friendly, cost efficient sustainable nickel sulfide.

The Zeb Nickel Project is a developing Class 1 nickel sulfide project strategically located in the Bushveld Complex in South Africa. The Zeb Project Contains a NI43-101 compliant resource over 3.9 million tons of contained sulfide nickel, ranking it number 8 in the global top ten nickel sulfide resources (Mudd, G. M., & Jowitt, S. M. (2014). A detailed assessment of global nickel resource and trends and endowments. Economic Geology, 109(7), 1813-1841.).

Highlights

• Class 1 nickel sulfide project.
• Situated in world class region of world-renowned platinum group metals and nickel producers.
• An NI 43-101 compliant resource containing over 3.9 million tons of contained sulfide nickel .
• Ranked 8th in the global top ten nickel sulfide resources.
• The project is at an advanced licensing stage with a Mining Right Application and Environmental Authorization in process.
• Active Prospecting Rights."

[nametrade] 04/3/2022 13:43

nice spread..

[ulsterman73] 04/3/2022 13:42

Just saying what i see. Low market cap coupled with few shares available

[rogerc1985] 04/3/2022 13:35

U will need to pump a lot more

[ulsterman73] 04/3/2022 13:30

This is about to rocket

[hedgehog 100] 04/3/2022 13:01

Remember to keep an eye on Zeb Nickel for those drilling results.



URU is up 26% today on no news, and on a bad day for the markets.

It makes you wonder what it could do with a good RNS, and on a good day for the markets...

And the market cap. is still only about 3 million quid, for a three quarters share in one of the world's largest nickel projects (in situ nickel value c. US$100 billion), at time of soaring nickel prices.

URU is currently number two on the top risers board, which should help raise its profile now and this weekend.

LSE % Gainers Top Lists
EPIC Name %
EVR Evraz +59%
URU Uru Metals +26%

[hedgehog 100] 03/3/2022 12:00

"Disruption to nickel supplies likely, as Russia is world’s third largest producer

Russia is a major player in the production of base and precious metals

Alastair Ford
13:21 Thu 24 Feb 2022

Russia was the world’s third largest nickel producer in 2020, the last year for which data has been compiled.

During 2020, it produced 270,000 metric tonnes, or roughly one tenth of total global production.

Indonesia and the Philippines filled the number one and two slots respectively, with Indonesia far out ahead at 800,000 tonnes of annual production.

It remains to be seen how far Russian supplies into the market will be restricted by the latest developments in the Ukraine, but the nickel price was already at a ten year high ahead of the latest moves of Russian troops into the Ukraine.

Disruption to supply is to be expected, at the same time as demand continues strong global infrastructure projects and electric vehicle batteries.

Companies with nickel assets outside of the immediate areas of conflict, like VALE, BHP Group Limited (LSE:BHP) and Horizonte Minerals might be expected to benefit, although the immediate market sell-off on the latest Russian moves caught all the miners up in it too.

Russia is also the world’s second largest producer of gold, after China, and the second largest producer of platinum, after South Africa."

[hedgehog 100] 03/3/2022 11:23

"Zeb Nickel is advancing South African nickel sulfide deposit as globe goes green

Zeb Nickel, which went public in August, 2021, wants to supply the ballooning EV industry with raw material to make battery cathodes and is sitting on a high-grade nickel sulfide deposit in mining-friendly South Africa

Giles Gwinnett
12:00 Wed 01 Dec 2021

As the world turns increasingly to electric vehicles (EVs) to get around, demand for the high purity nickel needed to make their rechargeable batteries is only likely to grow.

This type of nickel, known as Class 1, should become much sought after by suppliers and original equipment makers (OEMs) for the EV industry and so too will be the deposits where it is found - namely nickel sulfide deposits.

Two things to know about nickel - there are nickel sulfide deposits and there are laterite deposits. From the former comes the over 99.8% purity nickel, used in batteries, plating and super-alloys, while the latter host the lower grade, higher iron content material (Class 2 nickel), which is generally used in stainless steel.

New company Zeb Nickel (TSX-V:ZBNI) Corp, which went public in August 2021 wants to supply the ballooning EV industry with raw material to make battery cathodes. Handily, it is sitting on a high-grade nickel sulfide deposit (Zebediela Nickel Project) in mining-friendly South Africa, which also happens to be the eighth largest known nickel sulphide deposit in the world in terms of its resource.

Right neighborhood

The project is in the right neighborhood too. Zeb's 7 kilometre (km) by 6 km land package is in the Bushveld complex - a region synonymous with world-renowned platinum group metals and nickel producers.

It is also surrounded by great infrastructure and sits next to Ivanhoe Mines’ huge US$1.5 billion Platreef project, which churns out platinum group metals (PGMS), copper, gold and nickel. It is also just 15km from Anglo American Platinum’s Mogalakwena mine - the largest nickel sulfide deposit in the world.

Together, those two deposits alone contain more than 27% of the top ten known global nickel sulfide resources.

"It's a great exploration story. It really is the needle in the haystack here," said Zeb Nickel (TSX-V:ZBNI) CEO Wayne Isaacs on his company's flagship Zebediela (Zeb) asset.

"It's got huge tonnage. It's got a lot of potential. The project itself boasts approximately 1.5 billion tonnes of nickel at about 0.25% grade and there are numerous viable targets for us to increase tonnage and grade and position it as a world-class opportunity," Issacs added. ...

But in 2017, the project was transferred to URU Metals (now a majority shareholder in Zeb with nearly a 75% stake), which revived the story and carried out extensive exploration. Zeb was born as a result of the desire to publicly list the project and raise capital to advance it. URU sold it to shell company Blue Rhino Capital Corp, which Zeb reversed into. Concurrently, around $3 million was raised to start drilling.

And Zeb has already completed around 2,500 metres (m) of a 3,600m first phase drill program, which kicked off in September 2021, targeting higher grade nickel, included in the footwall and part of a historic resource estimate.

Isaacs said the drilling is progressing very well and the company is already seeing good visible results. The campaign is expected to be completed by the end of the year, after which the company will await lab assays, ahead of a potential second phase of work, where deeper, higher grades will be targeted.

"We believe that we have identified some very viable high-grade zones that we have not even touched yet and I think once we get into some of that drilling in our Phase 2, we're going to start seeing some spectacular results," said Isaacs. ...

So the company and its project seem to have re-emerged just at the right time. With plenty of news flow ahead, an undervalued asset, a skilled management and technical team and the backdrop of a green energy revolution, Zeb Nickel could certainly be an interesting company to follow."

[hedgehog 100] 03/3/2022 10:44

Lower grade nickel project's like URU's are actually far more geared to a rising nickel price than higher grade nickel projects, as it is far more transformative for their economics.

And now that the initial Ukraine war panic is over, investors are waking up to the fact that nickel plays like URU are actually an ideal investment right now, as shown by today's recovery in the BRES (Blencowe Resources) share price after its recent falls.


Thanks to Gardenboy for these useful recent posts from a BRES thread:

gardenboy 22 Feb '22 - 13:01 - 250 of 303 0 4 0
""While current Class 1 nickel production is dominated by sulfides, the basic issue facing the industry is that large, high quality sulfide deposits are becoming increasingly difficult to find as the low hanging fruit has already been plucked in previous mining cycles. As such, roughly 73% of undeveloped nickel resources globally are now hosted within laterite deposits. New sulfide deposits will continue to be discovered in the years ahead, but not nearly at the pace necessary to keep up with battery-driven demand "
From theassay.com"

gardenboy 22 Feb '22 - 19:56 - 255 of 303 0 4 0
"The market has got this wrong for now. Nickel warehouse inventory is getting very low. There are forecasts of $50,000/t coming soon. There are so few globally significant nickel sulphide deposits around the world and sulphide is so much easier to process compared to laterite and sulphide easily makes the best battery grade material. If Blencowe can build up a decent JORC figure then the sky is the limit here."

[hedgehog 100] 03/3/2022 10:26

"Is it time for lower grade nickel sulphide projects to shine?

By: Matt Fernley
Posted on - 20 Dec 2021

This article first appeared in the November 2021 edition of Battery Materials Review.

The bidding war over Noront Resources and the flurry of nickel offtake agreements announced between automakers and nickel producers seems to suggest that EV and battery industry participants have (at last) woken up to the impending scarcity of class 1 nickel resources. As we discussed in November’s other BMR Focus article, we believe that ternary (high nickel) chemistries will remain vital in EV land for at least the next decade, probably longer, which means that the demand story for nickel will remain intact. With the bidding war for Noront continuing, we ask – what next for nickel?

We believe that it’s time for lower grade nickel sulphide projects, historically shunned by the market, to start to shine. ...

Economics of lower grade sulphide projects

Given that production focus in the world of nickel has always been on higher grade projects (Norilsk, Western Australia), many investors turn their noses up in the air at the thought of investing in a low grade, high tonnage deposit. But actually this view is rather blinkered, and to explain that let’s use the example of copper. ...

Small high grade or large low grade?

Well, it kind of depends what your preference is. Australian investors often get sniffy about lower grade deposits abroad, but the fact is that from a mining point of view it’s simpler and cheaper to mine a large tonnage open pit than it is a high grade, underground occurrence, particularly as those high grade mines get older and the operating areas move further away from the shaft or decline. ...

Environmental considerations to come to the fore

We’ve already seen a number of Majors flirt unsuccessfully with low grade, bulk tonnage laterite nickel projects. ...

So, for battery raw materials, I would suggest that investors look much more closely at lower grade nickel sulphide projects ..."




"Zeb Ni-PGE Project

The Zeb Nickel Project is a Class 1 Nickel sulfide project that contains over 3.9 million tons of nickel and is ranked 8th in the global top ten nickel sulfide resources by contained metal. The project is amenable to open cast mining with a relatively small environmental footprint."

[hedgehog 100] 02/3/2022 20:04

"ABOUT US

Zeb Nickel Corp Inc. (“ZNC”) explores for and develops projects related to the supply of metals critical for the electric vehicle and clean energy revolution. ZNC has a management team that is experienced in advancing projects from a geological exploration concept through feasibility studies and preparing the resource for mining.

ZNC’s flagship project is the Zeb Nickel Project (“Zeb”) located approximately 9 km northeast of the mining and farming town of Mokopane in the Limpopo Province of South Africa. The project is located in an area known for its world class nickel-copper-platinum group element (“Ni-Cu-PGE”) deposits. Zeb’s neighbors include Ivanhoe Mines’ Platreef Project and Anglo American Platinum’s Mogalakwena mine, which is the world’s largest open pit platinum mine. These two deposits together contain over 27% of the top ten known global nickel sulphide resources (Mudd, G. M., & Jowitt, S. M. (2014). A detailed assessment of global nickel resource trends and endowments. Economic Geology, 109(7), 1813-1841.).

The Zeb Nickel Project contains 3.9 million tons of contained sulphide nickel, ranking it number 8 in the global top ten nickel sulphide resources as per Mudd and Jowitt (2014), and is at an advanced licensing stage to mine this nickel in an environmentally friendly, sustainable, and cost-efficient manner.

Exploration drilling into the footwall of the existing nickel has resulted in high grade nickel sulphide intersection in excess of 0.5% nickel and 1.88 g/t 3PGE + Au (platinum plus palladium plus rhodium plus gold)."




"ZEB Nickel Corp

"Resources for the Clean Energy Revolution"

January 2022

... ADVANCED PROJECT WITH NICKEL RESOURCE

NI 43-101 compliant resource is ranked in the top ten Class 1 nickel sulphide resources globally1. Indicated Resources of 485.4 Mt at a grade of 0.25% Ni with additional Inferred Resources of 1,115 Mt at a grade of 0.25% Ni. ..."



= c. 4 Mt nickel.

x current nickel price: US$25,438.50/tonne.

= An in situ nickel value of circa US$ 100 billion.

[hedgehog 100] 02/3/2022 14:46

19/01/2022 07:55 UK Regulatory (RNS & others) URU Metals Limited Zeb Nickel Corp. announces trading on OTCQB LSE:URU Uru Metals Limited

"URU Metals Limited (AIM: URU) is pleased to announce that ZEB Nickel Corp. has received final approval from the OTC Markets Group to begin trading on the OTCQB market under the ticker symbol "ZBNIF" at market open on January 19, 2022. The Company through its 74.82% interest in Zeb Nickel Corp remains the primary focus of URU. Trading on the OTCQB Market is a positive step forward for both the Zeb Nickel Corp and its shareholders, allowing Zeb Nickel Corp to now have access to the United States investment community, through its new U.S. listing on the OTCQB. With the support of the OTC Markets Group, the company expects to be able to continue to advance the company within the U.S. investment community.

The OTCQB is the premier venture marketplace for developing junior resource companies in the United States with its commitment to providing a high-quality trading platform for U.S. investors.

To be eligible, companies must meet high financial standards, including being current in their financial reporting, follow best practices corporate governance, have professional third-party sponsor introduction, demonstrate compliance with U.S. securities laws, and undergo an annual verification and management certification process. The OTCQB is recognized by the Securities and Exchange Commission as an established public market that provides current public information to investors the need to analyze, value and trade securities. For further information on ZEB Nickel Corp. please visit www.zebnickel.com"




"ZBNIF
ZEB Nickel Corp.
Ordinary Shares
0.22"

"MARKET CAP Market Cap
12,074,653"




US$12.074M. = c. £9.056M.

URU owns 74.82%, = c. £6.77m.

Current URU market capitalisation at 1.35p: £2.22M.


With the price of nickel soaring, and Zeb Nickel well-financed and with a huge nickel resource, URU now looks looks like a real buy opportunity.

[terminator101] 19/2/2022 08:04

Just checking in on this car crash. Seems that its only been 70% value destruction in the last 6 months, so Zorbas is slacking :-)

[wiseacre] 24/1/2022 11:37

This is a false market riding for one hell of a fall