StockRoomBully
2 years ago
The truth about the real value. They gave this away for little to nothing
https://finance.yahoo.com/news/fireweed-metals-announces-mineral-resources-151400406.html
Fireweed Metals Announces Mineral Resources for the Mactung Project: the Largest High-Grade Tungsten Deposit in the World*
"CEO Statement
Brandon Macdonald, CEO, stated โIn one year we have gone from signing an initial Letter of Intent to a Definitive Asset Purchase Agreement to the publication of new mineral resource for Mactung. We have taken the historic resource through a process involving relogging, resampling, and a rigorous, modern estimation methodology, and confirmed an impressive and world-class tungsten resource at Mactung*. This not only reaffirms Mactung's unmatched combination of grade and scale but establishes it as a truly strategic critical minerals project for the West with the underground resource alone able to supply much of North Americaโs expected demand for decades. Fireweed is looking forward to collaborating with federal, territorial, and Indigenous governments to advance Mactung through the permitting and detailed engineering stages of this unique project.โ
makinezmoney
2 years ago
$NATUF: Looks like Fireweed Metals is getting MACTUNG
https://twitter.com/fireweedmetals
I didn't know about this ............ pay us our MONEY !!!!!!!!
https://www.globenewswire.com/news-release/2022/12/21/2577876/0/en/Fireweed-Closes-Previously-Announced-Offering-for-Total-Proceeds-of-35-Million.html
https://www.cbc.ca/news/canada/north/n-w-t-mactung-tungsten-property-fireweed-1.6480944
What about all that Tungsten at CANTUNG in the NWT ????
Who's getting that ??
Give us our MONEY $NATUF !!!!!!!!!!!!
GO $NATUF
****************************************************************
About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:
Macmillan Pass Zinc-Lead-Silver Project: Fireweed owns 100% of the district-scale 940 km2 Macmillan Pass project in Yukon, Canada, which is host to the Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated 10th January 2018, and 23rd May 2018, respectively, and reports filed on www.sedar.com for details) as well as the Boundary Zone, Boundary Zone West, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims with known showings and significant upside exploration potential. The large 2022 drill program utilizing four drills is now complete and assay results are being announced as they are received and interpreted.
Mactung Tungsten Project: The Company has a binding Letter of Intent to acquire 100% interest in the 37.6 km2 Mactung Tungsten Project located adjacent to the Macmillan Pass Project. Mactung contains historic resources that make it one of the largest and highest-grade undeveloped tungsten resources in the world. Located in Canada, it is one of the rare large tungsten resources outside of China. Due diligence and validation work on historic data as well as relogging and sampling of historic drill core has been completed and will support a new mineral resource estimate.
Gayna River Zinc-Lead-Gallium-Germanium Project: Fireweed has 100% of the 128.75 km2 Gayna River project located 180 kilometres north of the Macmillan Pass project. It is host to extensive critical minerals mineralization including zinc, gallium and germanium as well as lead and silver, outlined by 28,000 metres of historic drilling and significant upside potential. The 2022 field program of airborne LiDAR topographic surveying and ground geophysics is now complete and data is being interpreted toward defining drill targets.
1manband
3 years ago
It can't reverse merge, since it is in bankruptcy and liquidated. It has no management, either, and can't get any as, by law, due to the liquidation.
Not to mention all the debt, unpaid liabilities and the closure/reclamation costs that would come with the shell.
This is basic stuff. Anyone should know this BEFORE they buy shares of a bankrupt and liquidated company.
1manband
3 years ago
Is there any doubt that this is really over now? NATUF is still worthless, and that will never change. No wants CanTung, due to the MASSIVE environmental liabilities. The Canadian Government will be forced to remediate, close and reclaim CanTung on the taxpayer's dime.
Cantung options narrow
In a written statement on Wednesday, the federal government sounded pessimistic about the likelihood of now selling Cantung.
Matthew Gutsch, a spokesperson for Crown-Indigenous Relations and Northern Affairs Canada, confirmed that โneither proposal met the objectives of the sales processโ and said Ottawa would now โcontinue to develop options for the care and maintenance and the closure/remediation of the Cantung site.โ
โBased on the bids received, the committee determined that reopening Cantung is not a viable option at this point in time, and the site will likely proceed with remediation,โ Gutsch wrote.
FosterK
3 years ago
Interesting as to why it was really really really rejected. This is not over especially now that it's value it's increasing and just like I said the government may just want to keep it for themselves etc. Whoever buys it might just keep the company and trade again etc. even the government who knows,........
"However, court documents state the governments have now rejected both."
"Falck, though, argues tungsten prices have โincreased substantiallyโ and may help a Mactung sale.
In 2015, when North American Tungsten failed, โtungsten wasnโt worth anything given the control the Chinese had over the market,โ said Falck.
Now, he added, with Europe and North America attempting to cut China out of supply chains, โthat price is shifting and weโre seeing an increased opportunity for companies to take advantage of that.โ""
StockRoomBully
3 years ago
Prince Charles visiting Canada for Queen Jubilee why?
Why EUROPEANS making minerals deals with NWT coincidence? Lol
Fact check: Did you know
Apparently, to Prince Charles, Meghan is known as 'Tungsten'. Tungsten is the strongest naturally occurring metal on the planet, and it's understood Charles assigned Meghan the nickname because she is "tough and unbending".Jun 3, 2021
Fact check: Did you know
Prince Charles Island is a large, low-lying island with an area of 9,521 km², making it the world's 77th largest island and the 19th largest island in Canada. It is located in Foxe Basin, off the west coast of Baffin Island, in the Qikiqtaaluk Region of Nunavut, Canada
"We're a player in a big world," said Tom Hoefer, executive director of NWT & Nunavut Chamber of Mines.
"Just like diamonds catapulted us into the global diamond field, this is going to push us way out into global recognition of rare earths," he said.
Hoefer is looking forward to the expansion of the mine which he praised for using an Indigenous mining company from Yellowknives Dene First Nation and using ecoconscious processing methods.
All coincidence? Deals being made out of NWT
Stay inform folks
StockRoomBully
3 years ago
$Natuf Merge takeover target 211 asap
with a reliable market value for their shares.
A company pushed down to the Expert Market would be able to apply for relisting on OTC Markets Group once a market maker has filed a new Form 211 with FINRA, and the company has made current public information available. This requires a company to locate a market maker to file a Form 211 on its behalf and, once the form is filed, there is no set timeframe for a re-application approval.
HON. CAROLINE WAWZONEK: Thank you, Mr. Speaker. Mr. Speaker, I'm not sure I would accept or agree with the characterization of
"mismanagement" on this.
I think the story has yet to be finished and is yet to be written.
Indeed, as I've said, staff from the Department of ITI are quite active right now in terms of doing their due diligence and hoping for a positive outcome on the sale."
This was not mismanagement now the demand for rare earth minerals are in high demnd in nwt
Get ready Folks!