Laurion Mineral Exploration Inc. V.LME

Metals House Inc

[newbie8484]

Hi Steve,

I am wondering if you would be able to break down this press release from US Capital Global securities from 2019 (I guess Laurion has retained their services before?) What is the current relationship with Metals House and do they still have first right of refusal on the stockpiles?  I am having a hard time deciphering this, and I don't recall having seen these names thrown around recently (Metal House).  Same goes for Laurion’s wholly owned subsidiary Ahsineeg, I am unclear of this relationship.  Other then the fact that name seems to be a recent commenter with great insight on this forum. 
 
Thanks Steve!

https://www.uscapglobal.com/news/metals-house-forms-strategic-alliance-with-laurion.html

[Drewman]

I too would love to know more about this

[StevenHunter]

Hi Newbie! the relationship with MH was made at the same time that LME started to work in earnest on the stockpile.   There was always a notion of what it was but when the strategy of the company turned to what to do with it LME correctly assessed that partnerships were required.  Super consistent with the operating plan for LME broadly. In the agreement MH got first right to

[matlas]

Also, to supplement Steve's very informative comments, I just want to say i believe that the fact that we suddenly had an extremely informed contributor with the name Ahsineeg join this forum is stricly a coincidence. It is an extremely common name-hardly a day goes by when I don't meet an individual or encounter a company with that name!

[ahsineeg]

To add to all of this, I believe there is a lot going on behind closed doors. Points of interest: 1- US Capital Global raised $150 milliion for Metals House in April 2019. https://www.uscapglobal.com/news/investment-opportunity-in-usd-150-million-secured-gold-backed-debt-offering.html 2- Metals House forms strategic allience with LAURION in May 2019 https://www.newswire.ca/news-releases/laurion

[Lambosntendies]

Hello Steve, In relation to the wholly-owned subisdiary Ahsineeg, you say "As far as purpose and assets of the private corp there's nothing to speak of" I guess I am struggling to understand why it exists then? If it currently does not serve a purpose what purpose or function has the subsidiary served in the past? Or what purpose/function does it aim to serve in the future? 

[ahsineeg]

Background on purpose of the wholly-owned subsidiary. April 25, 2018 - LAURION ANNOUNCES LETTER OF INTENT IN REGARDS TO POTENTIAL EXTRACTION OF GOLD AND SILVER BEARING STOCK PILE PROJECT AT ISHKODAY, WITH NON-BROKERED PRIVATE PLACEMENTS, INCLUDING IMMEDIATE INTERIM FINANCING FOR GROSS PROCEEDS OF $500,000. https://docs.wixstatic.com/ugd/9c29aa_de1c1ff664fa45e5ab67cc0f25e22f93.pdf July 18

[matlas]

Lambo- I think if you go through the links that were recently posted by Ahsineeg, and read between the lines, the purpose of the sub is clear. Looking at the April release, it is clear that the intention was that the exploitation of the stockpiles was supposed to be a JV between LME and an outside party-51/49 so they formed that sub with the idea that the shares would be owned in that 51/49

[StevenHunter]

THIS