Not even the first stage of the new EcoGraf™ battery anode materials plant in Australia has been built yet, and EcoGraf Limited (ASX: EGR, FRAG: FMK) is already securing financing for the expansion. The company announced today that the Australian Export Credit Agency, comparable to Germany's KfW, has committed to a $35 million loan to fund the expansion.
Metallic Minerals (TSX.V: MMG; FRA: 9MM1) is different from other exploration companies in that CEO Greg Johnson's vision since inception has been to look for opportunities to bring cash flow into the company as early as possible. Johnson, a geologist and entrepreneur, had good experience with this during his time as a co-founder of NovaGold Resources (NYSE and TSX: NG) where their early acquisition of a gravel and alluvial gold business initially gave them significant extra income with which they were able to cover much of their corporate expenses and weather the depths of a bear market.
Sitka Gold Corp. (CSE: SIG; FRA:1RF) has a lot planned for the current season. Two drill programs are currently underway: one in the Yukon, where the company aims to develop last year's discovery on the Eiger Zone at its RC Gold Project by drilling up to 10,000 meters to a maiden resource, and the second in Nevada, where Sitka Gold is systematically working towards the discovery of a Carlin-type deposit at its Alpha Gold Project on the southeast foothills of the Cortez Trend. Initial drill results from both projects are expected shortly.