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Last Updated- Septemeber 17, 2023

Doubleview Gold

Why the First Nation Eviction in 2021 is the Best Thing that has Ever Happened to It!

Most shareholders won’t agree simply based on the title but I’ll explain why eviction is the best thing that has ever happened to Doubleview Gold (following the discovery of a deposit with one of North America’s  largest IP footprints).

This article will not discuss the underlying cause for the First Nation issue as it was extensively covered in a previous article titled:

Doubleview Gold First Nation Opposition? In-Depth Analysis of the Doubleview Gold First Nation Opposition Since 2015 (link).

In March 2021, the Tahtan Central Government (TCG) evicted Doubleview Gold from its territory prior to the company’s annual drilling season.  A Communication Agreement between the TCG and Doubleviw Gold was signed on July 09, 2021 and consequently, Doubleview Gold resumed drilling on 17 August, 2021.

Due to previous flow-through financings, Doubleview Gold had flow-through money that it had to spend in 2021 otherwise all unspent money would need to be returned to the government.  Since Doubleview Gold was planning to spend the flow-through money on drilling but no longer had access to its project, it was forced to focus on other Canadian Revenue Agency (CRA) qualifying Canadian Exploration Expenses (CCE).

As a consequence of the eviction, Doubleview Gold began other metallurgical tests (CCE) in order to spend the flow-through money and it set the company on a quicker path towards  success.

List of Metallurgical Tests

The following is a list of events on the metallurgical tests prior and after the eviction.  Take note the tests, test results and the comments about the deposit’s potential (in green font).  The news releases below are only excerpts to show what is pertinent for this article.

Metallurgical Tests Prior to Eviction

Doubleview Begins Cobalt Recovery Studies of the Hat Deposit – Dec 14, 2020

Doubleview Gold Corp. (“Doubleview”, “Company”) (TSXV:DBG) (OTC PINK: DBLVF) (FRANKFURT: 1D4) is pleased to announce it has engaged Coffey – A Tetra Tech Company to carry out metallurgical extraction characterisation studies of the HAT Gold Rich Copper Porphyry Project with the preliminary focus on Cobalt. The initial objective is the metallurgical characterisation of the Hat drill core samples to evaluate the potential for Cobalt recovery. The testwork program will be led by EUR ING Andrew Carter B.Sc. CEng. MIMMM, MSAIMM SME, Technical Director of Coffey.

Cobalt Confirmed Recoverable in Preliminary Metallurgy Tests – Mar 8, 2021

Doubleview Gold Corp. (“Doubleview”), (“Company”) (TSXV:DBG) (OTC PINK: DBLVF) (FRANKFURT: 1D4) is pleased to announce positive results from its metallurgical test program for Cobalt, Copper and Gold is confirmed and follow-up tests are currently continuing at Sepro Laboratories. The current test program has been designed to determine the recoverability of Cobalt in Lisle deposit in addition to Copper and Gold. (Refer to Company’s news release dated July the 3rd, 2020).

The potential for the recovery of additional metallic elements including Palladium and Nickel is currently being evaluated and may be included in the test program after technical review.

The test work program is led by EUR ING Andrew Carter B.Sc. CEng. MIMMM, MSAIMM SME, Technical Director of Coffey. Metallurgical extraction studies of the HAT Gold Rich Copper Porphyry Project drill core samples will allow preliminary metallurgical characterization of mineralization and evaluate the metallic content recoverability.

Tahltan Eviction Letter 24 March, 2021

Metallurgical Tests After Eviction

Significant Cobalt Recovery a Major Upgrade at the Hat Copper-Gold-Cobalt Deposit in the Golden Triangle – May 10, 2021

Doubleview Gold Corp (“Doubleview”, the “Company”) (TSXV:DBG) (OTC:DBLVF) (FRANKFURT:1D4) is pleased to announce excellent results from its initial metallurgical tests on materials from its 100% owned Hat Copper-Gold-Cobalt deposit, located in the Golden Triangle region of Atlin Mining District in Northwest British Columbia. The initial metallurgical extraction studies were designed to evaluate the characteristics of mineralization and the potential recoverability of component metals.  In particular, attention was directed to Cobalt, an increasingly valuable and sought-after commodity that only in recent years has become a potentially important economic contributor to Hat resources.

The initial flotation tests demonstrate that it is possible to produce a high gold, low cobalt-copper concentrate and a high cobalt, low gold pyrite concentrate.  Further optimization work will aim to improve selectivity, grades and recoveries.

Additional mineral samples have been submitted for QEMSCAN (“Quantitative Evaluation of Minerals by Scanning Electron Microscopy”) to better understand the mineralization of Hat polymetallic deposit and the nature of flotation tails losses, these results will be announced in due course.

Mr. Farshad Shirvani, President and CEO of Doubleview Gold Corp., states that “I am pleased with the exceptional initial metallurgical results from the Hat Polymetallic Deposit recovery test work.  The newly received data is especially timely as copper, gold and cobalt prices are close to all-time high levels.  Market demand for these and other metals, including nickel, palladium and scandium, critical to the rapidly expanding and evolving alternative energy and automotive industries, appears to have almost unlimited upside as worldwide decarbonization efforts gain momentum. The Hat deposit has such potential to contribute to Canada’s future as it is poised, and is morphing into, what I believe a Saudi Arabia of strategic metals.”

Doubleview Receives Conclusions of the First Phase of Metallurgical
Laboratory and QEMScan Studies and Follow up Work Order Including Scandium –
Jul 22, 2021

Doubleview Gold Corp. (“Doubleview”), (“Company”) (TSXV:DBG) (OTC PINK: DBLVF) (FRANKFURT: 1D4) is pleased to announce that it has received the final report of the Hat Project Flotation Characterisation Test Work and Follow up Metallurgical Work program. Quantitative mineralogical and metallurgical test work has established the extractability of copper (Cu), cobalt (Co), gold (Au) and palladium (Pd) from mineralogical materials from the HAT Copper Gold Porphyry deposit located in northwestern British Columbia (BC), Canada; a summary of the results was reported in the news release dated May 10, 2021.

Doubleview has engaged Coffey, a Tetra Tech Company, which is an internationally recognized metallurgical engineering firm, to conduct further research into the feasibility of adding value to its HAT Project mineralization through the recovery of essential metals. A drill core assay review of the HAT deposit indicates significantly elevated concentrations of Scandium, which will be evaluated in follow up metallurgical test work.

In addition, further tests will be directed at the optimisation of flotation performance and improving Cu, Co and Au selectivity, grades and recovery with a focus on improving Pd recovery to copper concentrate. The test work will also evaluate the potential concentration and recoverability of Scandium from flotation tailings products.

Nickel sulphide fusion and INAA analysis on the test work composite sample and selected flotation products also indicated the presence of Rhodium (Rh), Ruthenium (Ru), Iridium (Ir) and Osmium (Os) at elevated levels. Further analysis of these metals will be undertaken on selected samples during planned test work programs.

Farshad Shirvani, President and CEO states: “The rapidly evolving world of alternative energy increasingly demands a new generation of batteries that efficiently provide, among other features, greater storage capacity, faster re-charge, lighter weight, and longer service life. “New Age” batteries inevitably require large quantities of certain metals that are costly and in short supply, including scandium, cobalt, nickel, lithium and rare earths. The metallurgical industry is currently being challenged to be innovative in recovery methods and helping source new supplies.”

Mr. Shirvani added “The more we analyse the HAT deposit, with the guidance of Coffey’s Technical Director, Mr. Andy Carter, the more we uncover the potentials of the HAT deposit. We are potentially looking at a polymetallic deposit model containing elements that will be essential and critical in the decarbonization of our future economy. I am confident that further metallurgical test work will provide a greater understanding of the extent and value of the HAT deposit.”

Doubleview Provides Metallurgy Program and Test Update of the Hat Deposit – Oct 1, 2021

Doubleview Gold Corp (“Doubleview”, the “Company”) (TSXV:DBG) (OTC:DBLVF) (FRANKFURT:1D4) is pleased to provide update on metallurgical testwork program of drill core rock samples at its 100% owned Hat Copper-Gold-Cobalt deposit, located in the Golden Triangle region of Atlin Mining District in Northwest British Columbia. Testwork is in progress and as per work flow designed by the company’s metallurgy team led by Mr. Andrew Carter EUR ING B.Sc. CEng. MIMMM, MSAIMM SME of Coffey – A Tetra Tech Company.

Recent laboratory testwork demonstrated that it is possible to produce a high-gold, low-cobalt chalcopyrite concentrate and a high-cobalt, low gold pyrite concentrate from HAT project mineralogical materials. Additional testwork is being implemented, which is aimed at improving process selectivity, concentrate grades and recoveries.

HAT drill core assays have indicated the presence of scandium at elevated levels typically twice that associated with crustal rocks. Scandium is a high value technology metal and is used in the manufacture of super-alloys and ceramic fuel cells; the market for scandium is anticipated to expand significantly in the near future. Preliminary analysis indicated the potential for by-product scandium production from the HAT project. The flotation testwork program will generate a tailings product that will be evaluated for the potential recovery of scandium. If the testwork proves successful, then by-product scandium production could add significant value to the HAT project.

Doubleview Releases Updated Hat Project Data, Including Scandium – Apr 26, 2022

Doubleview Gold Corp. (“Doubleview”, the “Company”) (TSX.V: DBG) (OTCQB: DBLVF) (FRANKFURT: 1D4) is pleased to report Scandium analytical data of previously reported major drill core intercepts of the Lisle deposit at the Hat mineral deposit complex, as well as updated copper and gold equivalents inclusive of Cobalt “Co” and Palladium “Pd” which were not previously reported.

An ongoing metallurgical analysis is underway for a broad array of metals which could have a significant material impact on how the Company’s copper and gold equivalents are reported. Co and Pd are part of the copper and gold equivalent calculations as per news release dated July, 22nd 2021. Metallurgical analysis is currently underway for Scandium, Silver, and PGMs including Platinum and Rhodium. Scandium assays are not currently included in copper and gold equivalents.

Mr. Shirvani also notes that “Metal markets are facing uncertainties of supply coupled with rapidly-expanding demands of traditional and new developing industries, many of which are related to climate change issues.  The ability of global mineral resources to continue supporting the basic needs of an ever-growing population is increasingly in question and has accelerated research into the identification and extraction of all metals in a sustainable and responsible manner.  Doubleview is pleased to be supporting current metallurgical research into the characteristics of the Hat deposit that will enhance its value and, incidentally, may have applications elsewhere in British Columbia’s mining sector.”

The Hat deposit was discovered by Doubleview and is recognised as Polymetallic deposit that contains metals which have been announced as critical and essential minerals to the United States and Canadian National Security by both countries’ governments. Critical metals are considered imperative to North American economic prosperity in relation to EV (electric vehicle) and other industry needs.

Doubleview Completes Detailed Mineralogical Study of Scandium
Distribution of Head and Metallurgical Samples of the Hat Deposit – Aug 9, 2022

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (“Doubleview”) is pleased to announce that a detailed mineralogical study of the distribution of scandium in its 100% owned Hat deposit head and metallurgical samples has been completed. Hat Copper-Gold-Cobalt deposit is located in the Golden Triangle region of Atlin Mining District in British Columbia. Assay data and metallurgical testwork has indicated that the Hat deposit contains scandium at elevated levels of 45 ppm to 50 ppm twice that normally found in crustal rocks. A comprehensive testwork program is currently underway at Sepro Laboratories in Langley, BC to investigate the potential for scandium recovery and extraction.

Initial investigations have shown that scandium is primarily associated with clinopyroxene and amphiboles and that during bulk flotation testwork 99.5% of the scandium reported to the flotation tailings. Bulk flotation tails will be used as the feed to the scandium recovery testwork, which will be undertaken during the next few weeks. Test results have demonstrated that the Hat deposit has favourable metallurgical extraction characteristics for a range of elements including, copper, gold, cobalt, silver and PGE. So far, the results from the testwork have been in line with expectations. The testwork is now proceeding to the hydrometallurgical extraction phase and is initially focussed on scandium extraction and optimisation. Thereafter it is anticipated that the testwork will then proceed to the scandium recovery phase. Doubleview CEO, Mr. Farshad Shirvani commented “The company is extremely encouraged with the latest phase of metallurgical work. The potential impact of being able to include economically recoverable scandium to the Hat Deposit is significant.”

An earlier testwork program demonstrated that it was possible to produce a high-gold, low-cobalt copper concentrate and a low-gold, high-cobalt pyrite concentrate from Hat mineralogical materials. Current flotation testwork is aimed at generating flotation tailings for scandium extraction tests. Supplementary flotation testwork on current scandium samples above an assumed 0.15% copper cut-off have demonstrated the recoverability of both copper and gold. A locked cycle test achieved a concentrate copper grade of 10.6% with 93.2% copper recovery at a mass pull of 1.7%. Gold grades varied between 5.4g Au/t and 9.3g Au/t with minimal losses to tails. Previously recoveries of 86% copper and 87% gold were achieved at grades as high as 27% Cu and 12 g Au/t. Cobalt recovery at 35% was lower than the 74% achieved in earlier tests owing to the low pyrite content of the current suite of samples. Although present in only trace amounts PGE, in particular palladium, are largely recovered to the copper concentrate. Bulk flotation results showed that 99.5% of the scandium in the feed reported to the flotation tailings. It is anticipated that at least partial concentration of scandium will be possible by a combination of magnetic and gravity separation before subsequent leach extraction and recovery.

Doubleview Achieves 89% Scandium Extraction from Metallurgical Tests on Flotation Tailings from the Hat Deposit Core Samples – Oct 24, 2022

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (“Doubleview”) is pleased to announce that the Company’s ongoing testwork program investigating the potential for scandium extraction and recovery has resulted in a significant accomplishment by achieving 89% Scandium extraction from floatation tailings of Hat Deposit material. These results are an important break-through metallurgical accomplishment for the Company’s Hat Deposit. Scandium is an important strategic element that has many applications in global electrical and metal industries and is chronically in short supply.

Preliminary metallurgical extraction tests on flotation tailings in sulphate media at elevated temperatures demonstrated that 89% of the scandium in the flotation tailings could be extracted into solution.

Higher levels of scandium extraction are anticipated with optimization of extraction conditions. These results are an important accomplishment in the metallurgical development of the Company’s Hat Deposit.

Andrew Carter, Doubleview’s QP, stated, “The mode of occurrence of scandium in Hat Deposit mineralized material is typical and scandium responds predictably to conventional approaches to extraction, furthermore, recovery of scandium from sulphate solution is not expected to present any undue difficulty.”

Doubleview President and CEO, Mr. Farshad Shirvani, commented, “I am specifically proud of the metallurgical team and laboratory scientists for achieving exceptional results in the recovery of scandium, now recognized in North American as an essential mineral. Initial scandium recovery rates of 89% from flotation tailings with the anticipation of higher recoveries with optimization is extremely encouraging. Scandium is present and has been assayed throughout the deposit and will be evaluated in upcoming resource calculations. Recovering scandium from tailings in addition to copper, cobalt and gold recovery in concentrates is significant as it potentially provides another commercially saleable product with limited additional costs. The Company recently announced it commissioned a maiden resource estimate for the HAT Deposit. The addition of scandium to a polymetallic resource which includes gold, copper, cobalt, silver and PGE could distinguish the HAT Deposit as a world class resource.”

Laboratory test work is currently underway in which the scandium bearing solutions will be subjected to a sequential purification process before recovery of scandium as a commercial salt. Several recovery processes have been identified to produce a range of potential scandium
products, which will be further evaluated as the test work proceeds.

Doubleview Achieves Initial 56% Scandium Recovery in First Metallurgical Test of Hat Deposit Flotation Tailings
Potentially the First Major Source of Scandium in N. America – Feb 6, 2023

Doubleview Gold Corp. (“Doubleview”) (TSX-V: DBG, OTCQB: DBLVF, FRANKFURT: 1D4) is pleased to announce that its first attempt at recovering scandium in a sequential purification process has recovered 56% (fifty six percent) of scandium in tailings from its Hat Copper, Gold, Cobalt property.  Scandium was recovered as a phosphate precipitate by treating flotation tailings extraction solution from metallurgical test work on Hat mineralization.  The Hat property is located in the Golden Triangle region of Atlin Mining District, Northern British Columbia.

Scandium phosphate is a high value product that currently trades for approximately $35 per 1 gram lot, in comparison to gold which currently trades at approximately $60 per gram.

Earlier scandium extraction test work aimed at the recovery of scandium from HAT deposit flotation tailings demonstrated that it was possible to extract 90% of scandium to solution by employing a sulphate leach at elevated temperatures.

Mr. Shirvani concluded by highlighting “The discovery of this deposit has the potential to revolutionize various industries and provides a new opportunity for the use of scandium. This discovery has the potential to create a significant impact on the industry.”

Update on Milestone 56% Scandium Phosphate Recovery in First Phase Metallurgical Testing at the HAT Deposit – Feb 22, 2023

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (“Doubleview”) is pleased to provide additional information regarding the metallurgical process and significance of achieving 56% scandium (“Sc”) recovery to a scandium phosphate precipitate, in the first attempt of sequential purification of HAT deposit flotation tailings. The HAT Copper-Gold-Scandium-Cobalt deposit is located in the Golden Triangle region of the Atlin Mining District in British Columbia.

Initial independent laboratory tests completed by Coffey, Tetra Tech were designed to demonstrate the validity of the underlying process chemistry. Achieving 56% Sc recovery shows that primarily, the response to the treatment program was predictable and as anticipated.

Expectations are that scandium recoveries in the range of 80% to 90% will ultimately be achievable with further process development and optimisation. Production of a phosphate lends itself to the solution purification scheme currently under test. Once recovered, scandium can
be converted to other forms. Alternative treatment strategies are also being considered.

EUR ING Andrew Carter B.Sc. CEng. MIMMM, MSAIMM SME of Coffey, Tetra Tech noted “Even at moderate recoveries, the HAT deposit has the potential to meet international demand for scandium for the foreseeable future. As scandium is a by-product of a waste stream, recovery is not the fundamental driver, cost is. If it can be demonstrated that scandium can be recovered at an acceptable cost, then scandium has the potential to add significant value to the HAT deposit. A techno-economic evaluation for the production of scandium as a by-product of HAT copper-gold production will be evaluated on conclusion of the test work phase.”

Mr. Carter also noted that “Reported recovery rates for other projects, either in planning or under development, are 76.2% at the Flemington Project on the low end, and 88.0% at the Syerston Project on the upper end. This positions the potential for Doubleview’s HAT deposit favourably as it is targeting an 80-90% recovery rate, however it is noted that other scandium projects currently under consideration are treating laterites.

Farshad Shirvani, President and CEO stated “Current research has shown, that scandium is a unique metal which, when combined with certain other metals, significantly enhances the strength of the alloy while also reducing its weight. This results in lighter and stronger materials that can potentially be essential for a wide range of products where efficiency is crucial. The HAT property is among the few mineral bodies in North America that contain significant amount of scandium.”

Doubleview Releases Further Analyses from Lisle Zone Drill Holes – May 8, 2023

The Company currently is conducting metallurgical research into several innovative cost effective and environmentally friendly low temperature extraction processes that we believe will make Doubleview’s Hat project an important source of critical metals that are vital to the growth and evolution of Canada’s climate-related initiatives

Conclusion on the Series of Events (Metallurgical Tests)

As one can see, the chain of events following the eviction lead to series of additional metallurgical tests and transitioned the deposit from an important polymetallic  deposit which contains critical metals to a strategic critical metals deposit.

What First Nation Issues Did

The TCG’s opposition of Doubleview Gold since 2015 did the following:

  • It gained national attention and spread the word about Doubleview Gold, especially in 2023.
  • It got the BC government (Minister of Energy, Mines and Low Carbon Innovation & Minister of Indigenous Relations and Reconciliation) involved.  As a result of the issues over the years, Doubeview Gold has been in communication with the two BC government ministers and is most likely on a “first name basis” with them.
  • In 2015, 2021 & 2023, Canada’s federal government (Minister of Energy and Natural Resources, & Minister of Crown-Indigenous Relations) would have been made aware of the issue.  Immediately prior to Doubleview Gold’s eviction, Canada unveiled its critical minerals list containing 31 minerals it considered integral to the Canadian economy on 11 March, 2021.

In 2022, Canada released “The Canadian Critical Minerals Strategy” which further builds on “The Canadian Minerals and Metals Plan” (released in 2020).  Due to Canada’s strategic focus on critical metals, the TCG’s friendly public reminder of the opposition in July 2023 would have definitely grabbed Canada’s federal government’s attention (Minister of Energy and Natural Resources & Minister of Crown-Indigenous Relations).  It is my belief that both federal government ministers are aware of Doubleview Gold due to it’s potential to become one of its most strategic critical metals deposits.

WHAT THE FIRST NATION EVICTION DID

The TCG’s eviction in 2021 forced Doubleview Gold to pursue further additional metallurgical tests in order to use the flow-through money it had to spend.  Had the eviction not occurred, Doubleview Gold would not have went down the path of additional metallurgical tests and would have concentrated on drilling like all other junior mining companies.

Although Doubleview Gold had already started basic metallurgical tests to determine the recoverability of the known main metals contained in the deposit (cobalt, copper & gold), the remainder of the additional metallurgical tests were directly due to the eviction and the requirement to pursue other CRA qualifying Canadian Exploration Expenses (CEE).

The additional metallurgical tests resulted in the following (directly & indirectly due to a domino effect):

  • Drill core assays review identified scandium at “significantly elevated levels.”
  • Test work discovered presence of rhodium, ruthenium, iridium and osmium at “elevated levels.”
  • Metallurgical analysis on scandium, silver & PGMs including platinum and rhodium.
  • Comprehensive testwork program to investigate the potential for scandium recovery and extraction resulted in  89% scandium extraction from floatation tailings of Hat Deposit material and later resulted in 56% recovery of scandium in tailings (as scandium phosphate).
  • Laboratory test work to “investigate which scandium bearing solutions will be subjected to a sequential purification process before recovery of scandium as a commercial saleable salt.” Several recovery processes were identified to produce a range of potential scandium products.
  • Discovery of a unique scandium extraction process which only involves “limited additional costs.”  The process is unique as it doesn’t use the typical high pressure and high temperatures to extract scandium.  Doubleview Gold’s scandium extraction process is unique as it uses atmospheric pressure and atmospheric temperature resulting in a significantly lower CAPEX to produce scandium.
  • Ore sorting assessment (due to the many newly identified metals)
  • Identification of 10 of Canada’s 31 critical minerals contained in the deposit.


Pending Metallurgical Tests

Due to the series of additional metallurgical tests that followed the First Nation eviction in 2021, there still remains a lot of pending test results.

Based on the news releases, the following are still pending (assuming something materializes):

  • Metallurgical analysis for silver & PGMs including platinum and rhodium
  • The potential for the recovery of nickel
  • Possible test work results on ruthenium, iridium and osmium
  • Alternative scandium treatment strategies were also being considered (once scandium is recovered it can be converted to other forms)
  • Results of commercially saleable scandium salts that can be produced
  • Economic assessment/cost analysis of the scandium extraction process
  • Optimized recovery rates for copper, gold, cobalt and palladium
  • Final recovery rate for scandium (expected to be between 80-90%)


Conclusion

Will the Canadian government let what looks like one of its most strategic critical metals asset not be advanced simply due to a issue of disputed territory between two neighboring First Nations?  Will both First Nations let what might become the most valuable deposit on its territory not benefit their communities when there would be enough economic benefits for both? I strongly believe it is in everyone’s best interests if Doubleview Gold’s critical metals deposit is advanced and becomes a mine that contributes to Canada’s Green Energy Transition!

Although Doubleview Gold had already started basic metallurgical tests to determine the recoverability of cobalt, gold and copper, the eviction in 2021 put the company on a path that has a much higher stock price trajectory than originally anticipated if it delivers as expected.  Doubleview Gold new path may soon result in it becoming one of Canada’s and possibly North America’s largest and most important critical metals deposit!

A lot of people view the First Nation issue as a red flag but I currently perceive it as a blessing in disguise!

The irony of the situation is the First Nation issues set the company up for the biggest success possible immediately before critical metals became the focus of the planet while giving investors a discount on the share price.

In my opinion, if Doubleview Gold is successful and simply delivers like it soon anticipates (based on its forward looking statements) some patient shareholders that got into the stock when I released my first research report on it at $0.11 and had the right conviction will be rewarded with life changing returns.

I look forward to all the pending catalysts being released!

REMINDER ON RECENT
FORWARD LOOKING STATEMENTS
FROM DOUBLEVIEW GOLD’S CEO/PRESIDENT

  • Company is working on proving that it potentially has the largest critical mineral discovery in Canada.  If successful, he anticipates the governments of US and Canada will look at the company –  10 Sept 23 article (link)
  • The deposit could potentially be one of the most valuable deposits in Canada – 10 Sept 23 article (link)
  • “We have the opportunity to have low cost scandium in North America……very cost effective” & “we will have a report showing what the cost figure is to do do this metallurgy, to show to the world that this is the cheapest way of producing scandium”  –  Pre-PDAC Video Presentation 03 Mar 23 (link)
  • It will be proven by the end of this year, all of a sudden to everyone, that this is the most unique deposit in the world…..I’m not saying in Canada or the United States….the most unique one in the world & you will see that how we’re going to expose it to the world to see it” – 27 Mar 23 YouTube Video (link)
  • “Recovering scandium from tailings in addition to copper, cobalt and gold recovery in concentrates is significant as it potentially provides another commercially saleable product with limited additional costs”- 24 Oct 22 NR (link)
  •  

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October 2024 – On 29 October 2024, T$R’s founder (D4), received finders fees of C$19,000 & 195,121 warrants (exercise price of C$0.15 & expire 12 months after being issued) due to the financing that closed on 30 September 2024. D4 is responsible for finding C$243,901 of the total financing of C$610,901, representing approximately 40% of the total raised. hyperlink

March 2025 – On 01 March 2025, T$R billed ESGold for services rendered for the creation of 2 reports. To preserve some degree of independence aside from payment, ESGold did not contribute any ideas on the topic or substance. ESGold was only entitled to view the reports after they had been publicly released. On 14 March 2025, T$R received the payment of C$50,000.

April 2025 – In April 2025, T$R’s founder (D4), will be receiving finders fees of US$85,200 & 568,000 warrants (exercise price of C$0.30 & expire 24 months after being issued) due to the financing that closed on 04 April 2025. Once received, this section will be updated.  D4 is responsible for finding US$1,065,000 (~C$1,526,500) of the total financing of US$2,389,040 (~C$3,424,291), representing approximately 45% of the total raised. hyperlink

Financing Participation:
July 2022 – D4 participated in a financing but the warrants expired without being exercised.

April 2025 – D4 participated in the financing that closed on April 4. Up to this date, 100% of the compensation that T$R received from ESGold has either been paid in the form of shares or reinvested in the company.

Promotional Items Received: July 2022 – I received a free hat from ESGold.  ESGold was giving away free hats and T-shirts to people that wanted them (I didn’t receive a T-shirt as they had already given them all out).

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