Twitter Facebook LinkedIn YouTube

eResearch Issues Industry Report for Niobium Spotlighting Plato Gold Corp

Video Platform Video Management Video Solutions Video Player

The report spotlights Plato Gold Corp., a Canadian junior mining exploration company, with projects in Marathon and Timmins, Ontario and Santa Cruz, Argentina. The company’s flagship property is the 100% owned Good Hope Niobium Property, which covers an area of approximately 5,100 hectares and is located 45 kilometers northwest of Marathon, Ontario.

Additional Information:

Company: Plato Gold Corp
Website: http://www.PlatoGold.com
Stock Symbol: TSXV: PGC
Date Published: Feb 28, 2020
Transcript: Available

Video Transcript:

I’m Nadika Viswakula for Investmentpitch Media

Today’s Industry Report, covering niobium, comes from eResearch Corporation.

In the report, analyst Chris Thompson highlights 14 companies in the niobium space and also spotlights Plato Gold as an example of a company focusing on niobium.

For an investor looking to diversify their portfolio with an investment beyond precious and base metals, niobium provides an investment opportunity tied to economic activity, such as infrastructure and pipeline projects.

Niobium is primarily used by the steel industry to increase strength, toughness, and corrosion resistance, as well as reduce the weight of alloy products.

An estimated 90% of world production of niobium is used in high-grade structural steel.

Niobium is used by the aerospace industry in nickel, cobalt, and iron-based super-alloys.

Niobium is used in nickel-, cobalt-, and iron-based super-alloys, in proportions as great as 6.5%, for such applications as jet engine components, gas turbines, rocket sub-assemblies, turbo charger systems, and heat resisting and combustion equipment.

Other promising uses for niobium at an early stage of development and discovery include significantly increasing the recharging speed of lithium-ion batteries, and in developing the field of quantum computing.

Although it is estimated to be the 34th most common element in the earth’s crust, commercial sized niobium deposits are still considered quite rare.

It is not found as a free element in nature, occurring in combination with other elements, often tantalum.

Most of the world’s production of niobium is sourced from Brazil, at approximately 88%, with Canada a distant second at approximately 10%, which is currently more than adequate to supply projected needs.

The U.S. is currently a large importer of niobium, which in May 2018, was declared a “strategic metal” by the U.S. government, with stockpiling recommended.

There is no official price for niobium, as the commodity is not traded on any metal exchange with the price negotiated between the buyer and seller.

Although the long-term price history of niobium has been extremely volatile, over the last eight years, the average price of niobium has been around US$41,500 per tonne.

Analyst Chris Thompson stated: “Demand for niobium is expected to increase as the world economy continues to recover from the downturn that began in 2008 and has recently been impacted by a global manufacturing decline and rising trade barriers. Increased demand for niobium is linked to increased consumption of specialty steels, which are used in the manufacture of cars, buildings, ships, and refinery equipment. Demand for these types of steels will likely increase with economic development in countries such as Brazil, China, and India. In addition, increased global demand for automobiles, cell phones, computers, superconducting magnets, and other high-tech devices will likely cause an increase in demand for niobium.”

The report spotlights Plato Gold Corp., a Canadian junior mining exploration company, with projects in Marathon and Timmins, Ontario and Santa Cruz, Argentina.

The company’s flagship property is the 100% owned Good Hope Niobium Property, which covers an area of approximately 5,100 hectares and is located 45 kilometers northwest of Marathon, Ontario.

The property has exceptional mining infrastructure, including road, rail, port, hydro, water, and a mining-experienced labour force.

Previous work on the property has shown that high-grade niobium mineralization predominantly occurs within carbonatite veins that contain cumulates of pyrochlore (niobium-bearing mineral) and apatite (a phosphate mineral).

This image of drill core provides an idea of what the pyrochlore and apatite look like.

Exploratory drill results from nine completed holes totalling 5,016 meters were announced in the 3rd quarter of 2018.

The large amount of carbonatite in every drill-hole suggests there is good potential for niobium mineralization over a large area.

Plato’s other projects in Ontario include the Pic River Platinum Group Metals Project near Thunder Bay, and the Timmins Gold project consisting of 4 early stage development properties located in the Timmins-Kirkland Lake area in the western portion of the prolific Abitibi Greenstone Belt.

Plato’s shares are trading at $0.04.

For more information please visit the company’s website www.PlatoGold.com, or contact Anthony Cohen, President and CEO, at 416-968-0608 or by email at info@PlatoGold.com.

The full report is available on www.eResearch.com.

Chris Thompson, Director of Equity Research, commented on eResearch’s products: “eResearch Corporation, founded in 2000, is a respected source for institutional-quality, equity research focused primarily on small- and mid-cap companies. Our focus is to identify companies that have near-term catalysts, sound management, and significant potential for share price appreciation. We complement our corporate research coverage with a diversified selection of informative, insightful, and thought-provoking research publications from a wide variety of investment professionals. We provide our professional investment research and analysis directly to our extensive subscriber network of discerning investors, and electronically through our website, www.eresearch.com.”

I’m Nadika Viswakula for Investmentpitch Media