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Laurion Mineral Exploration Inc V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by goldenIon Jul 21, 2024 1:32pm
397 Views
Post# 36141792

RE:RE:RE:RE:RE:RE:Update on world class partners.

RE:RE:RE:RE:RE:RE:Update on world class partners. I think maybe my question wasn't clear. Assuming the intent is to sell the Ishkoday at a value of ~$250/oz and that that is based on 10M oz for gross proceeds ~2B, and assuming that is not a deal available right now.

This is the first line in the press release USCG put out about their engagement with Laurion:

SAN FRANCISCO, OCTOBER 2023 – US Capital Global is pleased to announce that LAURION Mineral Exploration Inc. (TSX.V: LME and OTC: LMEFF) has engaged US Capital Global as financial advisor for a potential groundbreaking financing initiative.

What would qualify as a "groundbreaking financing initiative"?

If Metals House offered Laurion a pre-payment of the reserves (25M+), with a target date to begin delivery 12-18 months from now, Laurion could use that money for capital construction of a processing facility based on the work they have done with SRC, Blue Heron and DRA. DRA would engineer and built it using advanced ore sorting technology compliant with ESG standards (Onyen). 

The beauty of this is the 25+ million would not be counted as revenue until the delivery of the gold. Using it to build the infrastructure would allow them to register a capital loss and they could use the capital loss to issue flow through shares that would fund an expanded drill program. I would hope that this expanded program would form the basis of an MRE that would unlock a buyout in the ranges specified earlier.

Having the 25+ million in cash would reduce the risk of continuing operations for Laurion, and with any luck attention comes back to the junior mining sector and this capital injection initiates some analyst coverage and the stock price starts to ascend to reflect the new direction.

That is the essence of my question. Not whether you would take $5 now vs $40 dollars later, rather what would you want to see (in absence of a buyout) that would give you confidence. 

I have been saying that I would like a MRE but considering this as a possible option maybe a MRE is not neccesary. One thing I do know is that if there is another AGM, I would like to have a plan.   


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