I'd be negligent to ignore something happening right in our regional backyard -- in Utah, USA.
American Sands Energy Corp (
OBB:AMSE,
Stock Forum): Call it a heavy oil-sands feeling, and a belief in sustainable and clean oil from pro-development states in the USA.
Plus, the personal element -- a prerequisite in my investing, for good and bad: a connection with the company's CFO, 40-something
Dan Carlson, a successful financier who hails from this neck of the Marin County woods here in California.
Besides, I am light on energy, and this one --
American Sands Energy -- I have yet to lose valuation on. I am purchasing more as I can, when there is stock for sale. AMSE is run by a member of the Gibbs family that controls a vast Utah tar sands property.
Will Gibbs is a former U.S. Securities & Exchange Commission enforcement attorney.
The following link is to an editorial piece in the Deseret News (in Utah) that was just published. In the piece, the newspaper comes out supporting development of a tar sand projects in Utah. The article is talking about the U.S. Oil Sands project in eastern Utah, and not AMSE's project. The USO (in Canada) project appears to have cleared regulatory and legal hurdles and is set to extract from its PR project.
https://www.deseretnews.com/article/865606134/With-the-environmental-impact-of-tar-sands-project-considered-now-is-time-to-move-forward-on.html
I own both USO (
GREY:UERLF,
Stock Forum) and AMSE (trades in USA).
The USO field would be the USA's first tar sands mining operation.
Good for USO. It has strong Canada connections and a management team of engineers, geologists and execs that go back to 2007, maybe further.
AMSE is a fraction of the market capitalization of USO. The two are using different technologies to extract oil from different types of oil sands. I'll go with both, but I am actively purchasing AMSE here.
Uranium | Copper | Portugal
The latest slide deck from
Powertech (
TSX:T.PWE,
Stock Forum)
/AzargaUranium is in. The two just sealed their merger with shareholders' approval. Email
TCR (subscribers only, please) if you would like it. I own shares of PWE.
Another recent combination we are watching, and I own, is
Kaizen Discovery's blending with a British Columbia (Canada) copper prospector.
This from Kaizen's
Matthew Hornor in Vancouver, Canada:
Kaizen Discovery’s (
TSX:V.KZD,
Stock Forum) proposed acquisition of West Cirque Resources (
TSX:V.WCQ,
Stock Forum) got shareholder support the other day. Court approval (British Columbia) likely comes next week.
The acquisition establishes Kaizen in BC, and (hopefully) it bolsters Kaizen’s in-house technical expertise through the addition of members of West Cirque's exploration team.
West Cirque is focused on advancing porphyry copper-gold prospects in British Columbia's main porphyry belts, the Early Mesozoic arcs of the Stikine and Quesnel terranes, and it is partnered with Freeport-McMoRan (
NYSE:FCX,
Stock Forum) of Canada to explore two projects in northern Stikine terrane.
Mr. Hornor, Kaizen's CEO, says Kaizen expects its partner, ITOCHU (
GREY:ITOCF,
Stock Forum) in Japan, to participate in the exploration and development of the West Cirque project portfolio. He adds that Kaizen is in the hunt for iron-ore, copper and gold projects dotting the volcanic formation known as the
Pacific Ring of Fire. See:
https://en.wikipedia.org/wiki/Pacific_Ring_of_Fire)
Did I mention that I own shares of Kaizen, in part because some
sophisticates I follow, and deal with, are in the Kaizen Discovery 'story' as well? Mr. Hornor is a Japan-trained lawyer and financier.
Finally, the latest investor deck from
Apollo Minerals in Australia. Right
here. This one I do not own.
Wait, not finally. Portugal, Tungsten. As all of these promoters and execs say, "Watch This Space."
Colt Resources (
TSX:V.GTP,
Stock Forum) is one of our
TCR 6.
THE CALANDRA REPORT: Sample & Subscribe