1. U.S. Gold Corp. USAU has revealed an ambitious plan for 2024.
The CK Gold Project is surging ahead, with permit approval and feasibility study completion anticipated in the first half of 2024. The project is set to be shovel-ready in the latter half of the year, pending board approval.
The company foresees significant potential upside from the rising gold and copper markets, while emphasizing the project’s minimal environmental impact and its positive effect on the local economy in Wyoming.
In addition, the company holds a trove of valuable assets with minimal holding costs, including the promising Keystone area in Nevada and an opportunity in Idaho.
Furthermore, there is an expected reduction in risk due to the low share price, coupled with a positive market outlook for copper and gold. The company boasts $4 million in its treasury, according to its latest financial statement, which bolsters its valuation.
2. TimkenSteel TMST has announced its decision to rebrand itself as Metallus Inc.
The company’s President and Chief Executive Officer, Mike Williams, underscored the significance of this move, stating, “This change emphasizes our commitment to sustainable growth and reflects the inherent strength of our business, exceptional products, valuable partnerships and, most importantly, our vision for the future.”
“As we embark on this new chapter as Metallus, we remain focused on achieving our short-term goals and further solidifying our leadership position in the high-performance metals industry. We look forward to the opportunities ahead as we continue to shape the future of our company,” he added.
3. Foremost Lithium Resource & Technology Ltd. FMST has obtained a multi-year work permit from the Manitoba government’s Mining Permit Office, which is valid until April 30, 2026.
This permit will streamline the company’s exploration processes at the Jean Lake Lithium/Gold Project near Snow Lake, Manitoba, enabling more effective, cost-efficient, and safer exploration strategies.
The company has also announced a 15-hole, 2,500-meter diamond drilling program at Jean Lake, targeting the B-1 and B-2 spodumene-bearing pegmatite dykes in the northeast section of the property.
Foremost Lithium’s CEO and President, Jason Barnard, stated, “Crews have begun mobilizing to Snow Lake, Manitoba in preparation for the winter drill season. The multi-year permit allows our company the flexibility to optimize our future work on the property, which is crucial for rapidly advancing resource development. This is paramount to unlocking the potential of the Jean Lake property and adding to shareholder value.”
