Overview
Meals insecurity is a big drawback affecting individuals worldwide. It’s estimated that just about 10 p.c of the world’s inhabitants faces extreme meals insecurity, and is anticipated to extend by roughly 35 p.c over the subsequent 40 years.
To determine meals safety, agricultural output must considerably improve by a reported 70 p.c to satisfy the wants of a rising inhabitants. To spice up crop yields, nutrient administration practices and fertilizer applied sciences should be used since fertilizer merchandise are answerable for greater than 50 p.c of crop yields.
It’s estimated that the worldwide phosphate market will develop to US$90.25 billion by 2028 with a CAGR of 5 p.c. Contemplating that the USA imported 57 p.c extra phosphate in 2021 than the earlier 12 months, this means that extra phosphate sources are wanted.
Silver Eagle Mines (CSE:SEM) embodies its easy enterprise quarry technique, “Blow it up. Dig it up. Grind it up. Bag It up. And Ship it out by rail,” through the use of a direct-ship, pit-run system that brings actually natural, direct to software phosphorus to market. The corporate’s focus is to supply the solely licensed uncooked rock natural phosphate eligible for natural farming in the USA, particularly focusing on industrial farms and the US$59.28 billion natural meals market.
The natural meals market in the USA is rising due to elements reminiscent of rising well being consciousness amongst customers and rising environmental issues as a result of heavy use of pesticides, chemical fertilizers, and different chemical compounds in typical farming. As a reagent, uncooked rock natural phosphate from Murdock Mountain is completely suited to regenerate soil to serve the quick rising natural meals market.
The corporate’s Murdock Mountain Phosphate mission is situated in Nevada, it has a historic, non-43101 compliant, useful resource of 8-18.4 million tons at an estimated grade of 15 p.c phosphorus. The useful resource sits at floor for 8mi, 5 yds huge and 5 yds deep.
Uncooked phosphate ore appropriate for direct software is exceedingly uncommon, with solely 5 p.c of the world’s phosphate ore having the mandatory purity. The vast majority of uncooked phosphate should be processed to take away impurities that hurt plant development, reminiscent of uranium, thorium or heavy metals. The phosphate from Murdock Mountain could be immediately utilized to crops with none processing as a result of unusual kind of incidence hosted by oolitic limestones.
By specializing in a quarry operation, the corporate’s mining course of is economical as a result of ore’s purity. At a latest convention, Robin Dow, CEO, stated, “The necessary factor to recollect is that that is easy. We’re going to enter manufacturing for lower than $300,000. We have to drill holes, drop the dynamite, acquire the ore, drive to the warehouse, dump it right into a hopper, bag it, and put it on the rails, throughout the road, to California.”
An skilled administration staff leads the corporate in direction of producing its distinctive product. Robin Dow, CEO, has over 35 years of expertise financing public assets firms and has raised over $150 million. G. Michael Newman, director, has served on publicly listed firms for over 20 years as a company administrator. Ed A. Beaman has over 35 years of expertise within the pure assets sector as an engineer main power initiatives to manufacturing. Extra administrators and consultants carry different backgrounds to the mission that builds confidence within the firm.
Firm Highlights
- Silver Eagle Mines has a novel asset containing uncooked phosphate ore appropriate for direct software in natural farming.
- As soon as in manufacturing, the corporate will produce the one giant scale, licensed natural phosphate in the USA.
- Uncooked natural phosphate from Murdock Mountain is completely suited to serve the quick rising US$59.28 billion natural meals market.
- The corporate goals to finish a NI-43-101 useful resource associated Premlinary Financial Estimate (PEA) by Q3-4 in 2023 and Q1-3/2022 perform an exploration program to verify and lengthen the recognized deposit.
- The corporate’s mission, Murdock Mountain, produces phosphate ore that doesn’t require pricey processing earlier than it’s usable.
Key Undertaking
Murdock Mountain Phosphate Undertaking
The corporate’s phosphate mission is situated in Nevada, a politically protected and mining-friendly jurisdiction. Silver Eagle Mines is working with the United States Bureau of Land Administration to finish the granting of an exploration allow to maneuver towards manufacturing.
Undertaking Highlights:
- Encouraging Historic Information: The mission has a historic non-43-101 compliant useful resource estimate of 8.7 to 18.4 million tonnes at 15 p.c phosphate from 1984. The corporate is at the moment working to verify and probably lengthen the recognized deposit.
- A Licensed Natural Supply of Uncooked Phosphate: Many of the world’s phosphate is a soluble chemical that should be often utilized. The ore at Murdock Mountain is natural and non-soluble, permitting it to regenerate the soil for as much as a decade.
- Appropriate for Direct Utility: Silver Eagle Mines’ finish product is appropriate for direct software in natural farming, an attribute lower than 5% of the world’s phosphate ore possess. Most phosphate ore should be processed to take away impurities that may in any other case hurt vegetation. Murdock’s product has no dangerous contaminants reminiscent of uranium and heavy metals.
Administration Crew
Robin Dow – HBA, MBA, FCSI, CEO and Director
Robin Dow has 35 years of financing public useful resource firms, elevating over $150 million since 1998. CEO SEM, Dabros Mining Corp, and Ore Chimney Gold Inc. SEM is Dow’s twentieth firm since 1988.
G. Michael Newman – Director
G. Michael Newman has served on the Boards of administrators of 15 TSX and TSX.V firms since 1997. Newman is the founder and was the President and CEO between 1997 and 2009 of InterRent REIT (IIP.UN-TSX); the President of KE Actual Property Holdings Inc., a non-public GTA actual property firm; Chairman of the Board of Peninsula Capital Company, a US-based owner-operator of Single Household Leases (SFR’s); and on the Unbiased Assessment Committee of Power Revenue Fund and citadel Revenue Fund, two TSX listed Mutual Fund Trusts.
Ed A. Beaman – P. Engineer, Director
Ed Beaman, Vice President, Operations and Engineering, Kulczyk Oil Ventures, has greater than 35 years of expertise in oil & and fuel operations, engineering and exploration and improvement initiatives evaluating initiatives in Canada, the USA, Colombia, Peru, Bolivia, Trinidad, Egypt, Romania, Poland, Slovenia, Russia and in Ukraine. Mr. Beaman, P. Eng, member of APEGGA, graduated with a Bachelor of Science in Engineering (Geological) from the College of Manitoba.
Kristine Dorward – Chief Technical Advisor
Kristine Dorward has over 20 years within the pharmaceutical and biotech trade, involving senior management positions in licensing, acquisitions, advertising and marketing and enterprise improvement encompassing international markets. Ms. Dorward has accomplished quite a few due diligence evaluations as a part of pipeline planning and acquisitions to drive company development and is a member of the Institute of Company Administrators (ICD) and the Nationwide Affiliation of Licensed Valuators & Analysts (NACVA). Dorward has beforehand been a director of a publicly listed firm on the TSX. Ms. Dorward has been an Unbiased Advisor within the biotechnology/pharmaceutical trade from March, 2021 to current.
Marco Montecinos, B.Sc. – Geologist
Marco Montecinos is a geologist with over 38 years of expertise in mineral exploration and enterprise improvement initiatives within the Americas. Montecinos at the moment works as Enterprise Growth Advisor with a number of junior exploration firms within the western US. Montecinos was instrumental within the discovery of the Marlin Deposit in Guatemala and different gold deposits in Nevada, Mexico, and Central America. He’s President of Tigren, Inc., a Nevada primarily based Exploration Providers Firm, which has offered technical providers to the mining trade for 28 years. He holds a B.A. Diploma in Arithmetic (geology emphasis) and a minor in Physics from Western Colorado College (previously Western State School) in Gunnison, Colorado.
