Pacific Mercantile Bancorp Announces Exchange Agreement Eliminating All ... - GlobeNewswire (press release)

Pacific Mercantile Bancorp Announces Exchange Agreement Eliminating All …GlobeNewswire (press release)… Shares, Series C Shares and Warrants to be exchanged by SBAV and the Carpenter Funds in the Exchange Transaction comprise all of the Company’s outstanding shares of preferred stock and warrants to purchase shares of the Company’s common stock. and more …read more … Continue reading

Red Pine Exploration Closes Financing - Stockhouse

Red Pine Exploration Closes FinancingStockhouseEach full warrant (the “Warrants”) carries an exercise price of $0.10 per share and an expiry date of three years from the date of issue. In addition, the Company issued 200,000 units (“Units”). Each Unit, priced at $0.05 per Unit, contains one common … and more …read more … Continue reading

Red Pine Exploration Closes Financing - MarketWatch

Red Pine Exploration Closes FinancingMarketWatchEach full warrant (the “Warrants”) carries an exercise price of $0.10 per share and an expiry date of three years from the date of issue. In addition, the Company issued 200,000 units (“Units”). Each Unit, priced at $0.05 per Unit, contains one common … and more …read more … Continue reading

Can Tesla Make Winners Out of These Lithium Players?

Tesla Motors Inc. (TSLA:NASDAQ), long known for its ability to keep its buzz machine churning, gave lithium investors something to get excited about this weekend. On Friday, Bacanora Minerals Ltd. (BCN:TSX.V) and Rare Earth Minerals Plc (REM:LSE), owners of the Sonora Lithium Project, announced that they had finalized a conditional, long-term lithium hydroxide supply agreement with the car and battery giant. The Energy Report reviewed the commentary of leading lithium experts Simon Moores and Chris Berry to anticipate what the new agreement may mean for the sector. Bacanora and Rare Earth Minerals saw their stock take a nice bump upward as the news was announced on Friday. According to the news release, Tesla will buy lithium hydroxide to feed the manufacturing of batteries at its Nevada Gigafactory on the condition that the Sonora project reaches certain milestones and passes product specification qualifications. Though the press release did not specify how much material will go to Tesla, Bacanora estimates the Sonora project will have an initial production capacity of 35,000 tonnes per annum (35 Ktpa) lithium compounds with the potential to scale up to 50 Ktpa. Simon Moores, managing director of London-based Benchmark Mineral Intelligence, estimates Tesla could consume as much as 80% of total output. In a recent interview with The Gold Report, Simon Moores correctly predicted that Tesla would be focused on supply security in H2/15. “If Tesla wants to drive down the price of batteries by 30% or more,” he said, “it is going to have to go … Continue reading

Can Tesla Make Winners Out of These Lithium Players?

Bacanora and Rare Earth Minerals saw their stock take a nice bump upward as the news was announced on Friday. According to the news release, Tesla will buy lithium hydroxide to feed the manufacturing of batteries at its Nevada Gigafactory on the condition that the Sonora project reaches certain milestones and passes product specification qualifications. Though the press release did not specify how much material will go to Tesla, Bacanora estimates the Sonora project will have an initial production capacity of 35,000 tonnes per annum (35 Ktpa) lithium compounds with the potential to scale up to 50 Ktpa. Simon Moores, managing director of London-based Benchmark Mineral Intelligence, estimates Tesla could consume as much as 80% of total output. In a recent interview with The Gold Report, Simon Moores correctly predicted that Tesla would be focused on supply security in H2/15. “If Tesla wants to drive down the price of batteries by 30% or more,” he said, “it is going to have to go all the way to the raw materials to cut costs. . .this is where the company must start.” Chris Berry, co-author of The Disruptive Discoveries Journal, had this to say about the deal: “The agreement between the companies offers an interesting window into Tesla’s supply chain strategy. What the company has done here has purchased an out-of-the-money call option on future lithium supply.” An Increasingly Lithium-Hungry World For his part, Colin Orr-Ewing, chairman of Bacanora, is enthusiastic about what the deal means for his company and its … Continue reading

Jayant Bhandari Presents Arbitrage Opportunities for You to Pounce On

The Gold Report: In a recent article, you argued that investors in the West will find their way to gold when the new reality dawns on them that losing a bit of money to preserve the rest is “a good deal.” Please explain further. Jayant Bhandari: What has to happen does not have to happen right away. Everyone in the world is flocking to the U.S. dollar. It offers liquidity, but eventually the U.S. dollar will become too expensive. When that starts happening people will look for other opportunities to safeguard what they own, and gold is something that will become increasingly visible. TGR: How long is the U.S. dollar going to continue its ride? JB: The U.S. dollar could do well for quite a period of time because while the U.S. is sinking, everything else is sinking faster. The European Union is in worse shape. Most of the developing countries, apart from China, are in horrible shape. They consume pretty much everything that they create. The U.S. dollar, despite all that is going on, remains one of the better currencies. TGR: You also relate gold buying to how in India people buy gold and cattle—not necessarily because these are excellent investments but rather that these things will ultimately lose less value than other investments. JB: A lot of people buy gold because of inflation but I don’t think that’s the reason why Indians, people in the Middle East and people historically in China have bought gold. As I mentioned … Continue reading