Canada-based company developing technologies to solve some of the common environmental problems in the mining industry.
GreenBank Capital has 1,540,500 St-Georges Eco-Mining Corp (“St-Georges” or “SX”) common shares as of the 22nd of September 2022, which were received from a significant SX shareholder. (reduced from an initial 2 million shares)
St-Georges (CSE: SX, OTCMKTS: SXOOF, and FRA: 85G1) closed a C$9.7m fundraising, and is focused on exploration for Canadian energy metals and for gold in Iceland while developing extraction technologies that are reducing the environmental impact of mining activities. In line with this philosophy St-Georges also has an important wholly owned subsidiary, EVSX Corp, that owns proprietary technology potentially capable of helping to solve the next big environmental catastrophe to face the world – the little appreciated dangers associated with the future disposal of so many electric car batteries, as the car industry aims to reduce carbon emissions whilst failing to address the huge environmental impact of so many used batteries.
Minerals exploration company with interests in Newfoundland, Canada;
18.9% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada. Ubique owns claims around the former Daniel’s Harbour zinc mine situated approximately 10 km northeast of the town of Daniel’s Harbour on the west coast of Newfoundland. Ubique is currently undertaking a drilling project on the property, and it is interesting to note that the claims adjacent to Ubique’s claims are primarily owned by Altius Minerals Corporation, a Newfoundland mineral explorer with a $500 million market cap. With approximately 7,000,000 tonnes averaging 7.8% zinc having been mined from the Daniel’s Harbour mine, GreenBank has high hopes for its investment (Wardle, R.J. (2000) Mineral Commodities of Newfoundland and Labrador – Zinc and Lead; Government of Newfoundland and Labrador, Geological Survey, Mineral Commodities Series Number 1, 12).
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Gold exploration in Central Newfoundland
GreenBank Capital’s 47.7% owned portfolio company GBC Grand Exploration sold its Twilite mining property to TRU Precious Metals (www.trupreciousmetals.com) for 1,435,000 common shares of TRU (TSXV:TRU). In addition, TRU paid $100,000 cash and agreed to pay a 1% net smelter royalty on any future mineral production from the property. TRU will pay up to a further 1,000,000 shares based upon certain production levels being achieved in the future.
This represents a significant return on GreenBank’s initial nominal investment to acquire its 47.7% ownership which was largely in return for providing merchant banking services. At the time of the sale, the value of GreenBank’s pro-rata portion of the cash and stock paid by TRU Precious Metals was over $250,000 but continues to increase as TRU’s stock price appreciates. GreenBank also stands to earn more from this transaction based upon future performance of the Twilite property.
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Tru Precious Metals Investor Deck
Queensland Gold Hills Corp
A TSXV publicly listed minerals exploration company
Approximately 8% of Queensland Gold Hills Corp (TSXV: QZAU) a publicly listed minerals exploration company. GreenBank acquired its investment in a private transaction.
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Queensland Gold Hills Investor Deck
GBC Grand Exploration Inc.
Minerals exploration company with interests in Newfoundland, Canada
47% of GBC Grand Exploration Inc, which has recently announced the disposal of its principal property, the Twilite Gold Property in Newfoundland, to Trius Investments in exchange for cash and Trius common shares. Comprising 65 claims located 14km southwest of Grand Falls-Windsor. The Twilite property features low-sulphidation epithermal-style gold mineralization and shares geological characteristics in common with the Moosehead bonanza-style gold property located 30 km to the northeast. A NI-43-101 Report on the Twilite property is underway. Also included is the Browning property comprising 24 claims located 2km south of Pollards Point, Newfoundland. The Browning Property includes the Browning Mine, which produced 149 ounces of gold in 1903. The Browning Mine is the best-known gold deposit in the area and has the distinction of being one of the first-producing gold-only deposits on the Island of Newfoundland. On the Browning property, gold mineralization is epigenetic and is associated with mesothermal-style quartz and quartz-carbonate veins that typically also contain base-metal sulphides such as pyrite, chalcopyrite, galena and sphalerite. Iron carbonate alteration is spatially associated with gold-bearing veins at the Browning Mine (Kerr. A, Current Research (2006) Newfoundland and Labrador Department of Natural Resources Geological Survey, Report 06-1, pages 61-90).
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GreenBank Capital portfolio company GBC Grand Inc. completes sale of Twilite Gold Project, while GreenBank continues its Private Placement offering
Gander Exploration Inc.
Minerals exploration company with interests in Newfoundland, Canada
34.75% of Gander Exploration Inc has its principal property the Cripple Creek Property in Newfoundland, comprising 65 claims located 25km north of the town of Gander. Between 2011 and 2013 Capstone Mining Corp (TSX:CS) completed airborne geophysical, soil sampling and mapping surveys on the Cripple Creek Property, as well as a 10-hole drilling program in 2013. The highlights of the drilling program were 9.28m of 2.98 copper; 3.6m of 4.74% copper and 0.16 g/t of Gold. The drilling program also discovered awaruite in several drill holes (Capstone Mining Corp, Newfoundland Geological Survey, Assessment File 2E/1823). Previously, in 2005, seven grab samples from the property yielded significant gold, copper and silver values, including up to 19.8 g/t gold, up to 10.2% copper, and up to 21.9 g/t silver (P.H. Davenport, L.W. Nolan, A.J. Butler, H.A. Wagenbauer and P. Honarvar, 1999 The Geoscience Atlas of Newfoundland, Newfoundland Department of Mines and Energy, Geological Survey, Open File NFLD/2687,Version1.1).
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GreenBank Capital Completes initial 19.9% of Gander Exploration
Buchans Wileys Exploration Inc.
Minerals exploration company with interests in Newfoundland, Canada;
25% of Buchans Wileys Exploration Inc. Buchans Wileys is an exploration stage company who is seeking attractive mineral properties situated in Newfoundland Canada. The Newfoundland area has seen a dramatic increase in renewed interest due to some exciting discoveries over the past decade, and Buchans Wileys seeks to take advantage of this trend.