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  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Michael White, President and CEO,

IBK CAPITAL

"We are most excited about the carbon offset market and its ability to help preserve our biosphere."

How has the transition towards renewables and technology altered IBK’s investments since 2018?

The big push for ESG takes the lead over the last five years as pressure and influence from stakeholders continues to mount. It gave rise to changes like immutability and transparency in supply chains with blockchain. It has us headed towards net-zero carbon emissions for all production activities. For example, Carbon Streaming Corporation offers investors exposure to carbon credits through a portfolio of streams associated with jungles and rainforests in southeast Asia and central Africa. The company trades publicly in Canada and has a US$250 million market cap. Another entrant into the Carbon offset market is Aurcrest Gold and its 100% owned subsidiary, Big Tree Carbon Corp. Aurcrest and Big Tree have First Nations leadership and ownership and are planning to create carbon credits through the preservation of Canada’s boreal forests. These companies plan to generate revenue from the sale of carbon credits produced through the preservation of forests worldwide. The revenue for this activity globally could exceed hundreds of billions of dollars per year and represent the largest transfer of wealth in history from those that pollute to those that ensure the preserve our planet’s biosphere.

How can juniors balance trying to please stakeholders and having a steady news flow as assay turnaround times have increased?

Delays cost time and money but it is challenging to improve the situation. Proper understanding of assay results is critical in guiding next steps of exploration. Without results, companies are searching in the dark. The companies that choose to skip steps are destined to waste valuable shareholders’ money and see their share prices fall. Those that choose to wait before taking next step arguably are doing the right thing but may suffer similar consequences from lack of news and impatient shareholders.

Some companies are developing creative ways to move exploration campaigns forward at a reasonable pace without sacrificing quality work. We are seeing the use of multiple labs in multiple jurisdictions, XRF guns to help guide exploration with a positive correlation between the assays and other indicator minerals and mineral ratios.

Can you elaborate more on how you see M&A activity unfolding in this new cycle?

We should expect increasing M&A activity. New money into exploration will result in new discoveries. These new discoveries will be bought. The larger mining companies use new discoveries to replace depleting reserves. To add fuel to the fire, large, world-class type discoveries are harder to find. World-class mining companies now have to focus on incremental growth in and around existing mine camps. In Ontario alone, we are witnessing high levels of exploration activities in Red Lake, Timmins, Wawa and other greenstone areas, led by juniors, seniors and mid-tiers. The results they produce will undoubtedly drive M&A activity through the consolidation of those areas by the incumbents or new entrants looking to “buy the district”. The same trend is unfolding in other mining jurisdictions around the world. The time is now. Demand for many metals is on the rise, especially in the EV space where metal demand is forecasted to double or triple over the next five years.

What are some of the most exciting projects IBK Capital is involved in?

We are most excited about the carbon offset market and its ability to help preserve our biosphere. A great example of this is our work with AurCrest and Big Tree Carbon. We are also excited about the increasing exploration activity in Ontario. One of our portfolio companies with great potential is New Age Metals, which has the largest palladium deposit in Ontario with four million ounces located just outside Sudbury. The company is heavily owned by Eric Sprott (24%) which is understandable given it is a prime acquisition opportunity. Large mining companies like geographical diversification, each location being centered around a world class deposit or cluster of deposits with infrastructure. This is not only good for New Age but others in the Sudbury area with similar style deposits like SPC Nickel. It is drilling very shallow high-grade nickel-palladium deposits not too far from New Age Metals.

Next:

Interview: Stifel