Group Ten Metals
Financials:
Primary ticker: TSXV:PGE
Stage of development: Exploration
Primary minerals: Nickel, Palladium, Platinum, Rhodium, Gold, Copper, Cobalt
Project to promote: Stillwater West – Battery Metals and PGE project
Project location: USA
Website: www.grouptenmetals.com
Corporate presentation: Click here
Corporate video: Click here
Group Ten recently announced our inaugural 43-101 mineral resource estimate on the Stillwater West battery and precious metals project in Montana, USA. Additional drill results from our 2021 campaign are expected shortly and will inform a resource update in H1. Stillwater West hosts high-demand metals, including nickel, copper, cobalt, platinum, palladium, rhodium and gold – in a famously metals rich US district adjacent to the world’s highest-grade PGE mines. Five of our suite of metals are considered to be “Critical Minerals” by both the US and Canadian governments.
Cash: C$3.5M
Debt: NIL
Major shareholders:
Management Ownership – 22%
Management Profile
Michael Rowley – President & CEO
Michael Rowley has over 25 years executive experience in the exploration, mineral testing, and mine environmental industries, including capital markets and operations. One of Group Ten’s founding shareholders and Directors, Mr. Rowley is active in additional publicly-traded companies, including fellow Metallic Group member, Granite Creek Copper.
What is your rationale for taking part 121 Mining Investment?
Group Ten is looking to expand our institutional holders. We would be looking for market support near-term and may be looking to do an equity financing to fund a large drill campaign this season.
What recent news would you like to highlight to investors attending?
21 October – announced inaugural resource estimate with 2.4 Moz PGE+Au and 1.1Blbs Ni-Cu-Co
29 November – announced earn-in deal for sale of our BLD gold project in Ontario
20 December – reported first 2021 drill results showing highest grade and widest intercepts to date at Stillwater West
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Announce remaining drill results, potential additional deals on non-core assets
6 Months:
Updated resource estimate, announce/launch 2022 field season
12 Months:
Complete drilling program, announce results, sale of non-core assets
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Access to capital: offset by exceptionally strong track record of finance success
Commodities markets: project is internally hedged with exceptional suite of base and precious metals
What do you think makes your company such a compelling investment?
Potential to be among the world’s largest Nickel-PGE projects, located in the United States directly adjacent to the highest grade PGE mines in the world – 5 of the project’s suite of metals are listed as “Critical Minerals” by the US government.