Junior Explorer Pivots to Essential Minerals, Metals


August 17, 2022 (Investorideas.com Newswire) Rover Metals Corp. isn’t getting out of its gold tasks however has a watch at the long term with a crucial minerals and metals mission within the Northwest Territories.

Vancouver-based Rover Metals Corp. (ROVR:TSX.V; ROVMF:OTCQB; 4X0:FRA) is pivoting to concentrate on crucial metals and minerals like copper and zinc through signing a letter of intent to choice a 90% possession hobby within the Indian Mountain Lake Volcanic Huge Sulphide mission within the Northwest Territories.

The corporate does no longer plan to get out of its Cabin and Up The town gold tasks however is aware of that the call for for inexperienced power is such that the website online’s zinc and copper will probably be in prime call for.

Exploration of the 30,000-acre Indian Mountain Lake website online dates to the Forties and into the Nineties, however geologists are having a look at it with new eyes in mild of the electrical car (EV) revolution.

“The copper wasn’t truly paid consideration to (prior to) for the reason that copper wasn’t the price that it’s now,” mentioned Gary Vivian, chairman of Aurora Geosciences and a geologist who has been concerned with the website online since a minimum of the early Nineties. “The longer term bodes neatly for Rover so long as they are systematic of their way.”

Vivian is serving as a technical consultant for Rover.

Copper conducts warmth and electrical energy and is a big element in EVs, and zinc may be utilized in batteries. The local weather and effort package deal simply handed through the USA is bringing new urgency to EV metals and minerals. To qualify for tax credit, an important proportion of batteries and minerals in batteries will have to come from the U.S. or a business best friend.

“Mining firms are going to have to begin choosing up tasks in North The usa in the event that they wish to be supplying the automakers,” Rover Metals Leader Government Officer and Director Judson Culter instructed Streetwise Reviews. “We are simply having a look forward of the curve.”

Officers international say a gradual provide of such minerals and metals is essential.

“As nations boost up their efforts to scale back emissions, additionally they wish to ensure that power programs stay resilient and protected,” in accordance to the Global Power Company. “The emerging significance of crucial minerals in a (decarbonizing) power machine calls for power policymakers to make bigger their horizons and believe attainable new vulnerabilities. Issues about worth volatility and safety of provide don’t disappear in an electrified, renewables-rich power machine.”

Underexplored Assets

The Indian Mountain Lake mission, these days owned through Panarc Assets Ltd., is situated about 195 kilometers east-northeast of Yellowknife and has a historic zinc-lead-silver-copper geological reserve. The BB and Kennedy Lake zones have a mixed historic useful resource of one.4 million lots grading 10% mixed zinc and lead with 3.5 oz in line with ton of silver (Ag).

About 900 meters west of BB, the Kennedy Lake West Zone has a historic useful resource of 610,000 lots grading 1.15% copper. And eight kilometers southeast of BB is the Susu Lake Zone, consisting of a historic useful resource of 142,500 lots grading 0.95% copper.

The mission sits on the sixtieth parallel and suits into Rover’s process of serving to to protected Canada’s northern sovereignty within the Arctic. Throughout the area’s 21 million sq. kilometers, 8 nations – Canada, Russia, the USA, Denmark, Sweden, Finland, Norway, and Iceland – have unique financial rights to assets as much as 200 nautical miles from their shores.

As ocean temperatures upward push and disrupt shorelines and delivery routes, heavy hitters like China are eyeing property and deep seaports alongside Canada’s Northwest Arctic Passage.

“It is truly simply expanding the scope of our footprint,” Culter mentioned of the brand new mission.

The corporate were seeking to get into the Indian Mountain Lake website online since 2018, he mentioned.

Get admission to to the mission is through barge at Thompson Touchdown. Federally funded hydro power may additionally sooner or later be to be had one day.

“As a result of the place it’s, within the Northwest Territories, there is been little or no exploration finished,” Vivian mentioned.

Rover’s marketplace cap is CA$3.94 million, and it has 157.56 million stocks exceptional. It trades in a 52-week vary of CA$0.09 and CA$0.03.


1) Steve Sobek wrote this newsletter for Streetwise Reviews LLC. He or individuals of his family personal securities of the next firms discussed within the article: None. He or individuals of his family are paid through the next firms discussed on this article: None.

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