The moderated post above showed the details of the term sheet before it was removed. The money is for Mt Carbine and its about making sure they have enough cash to continue the development of Mt Carbine.
There is a grander plan, but they want to build off a strong foundation. That foundation is Mt Carbine and Saloro.
Industrial metals are starting to move higher. Copper, silver, uranium and tungsten. Supply is tightening and we are able to gain from it. The US has placed a 25% tariff on Chinese tungsten.
A UK article in the Financial Times titled - Xi Jingping urged to respond with caution to Joe Biden's trade tariffs.
As part of the article it says "Trivium, a Beijing based consultancy, has research scores of critical minerals viewed as vulnerable candidates for Chinese retaliation. It said the likeliest were tungsten, which is used in military applications, as well as car and aerospace industries, rare earth elements,,,,, and vandium,,,,,"
EQR Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
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