RCKS Talk

20-Jun-2018

Brixton Metals Inc.

Brixton Plans to Spin Out Cobalt Assets

Impact: Positive

Brixton Metals has announced that they intend to spin-out its cobalt assets in the Cobalt Camp of Ontario in order to create a cobalt focused standalone company for its shareholders.
  • With the increased demand for cobalt and overall positive market fundamentals, Brixton believes shareholders will benefit from a spin-out of its cobalt-silver assets, allowing Brixton management to tighten their focus on precious metals projects
  • If the spin-out transaction occurs, the resulting company will focus not only on cobalt, but all battery metals, including vanadium, which has seen similar growth to cobalt
  • Both the Hudson Bay and Langis projects in the Cobalt Camp are under consideration to spin-out, Brixton intends to maintain exposure to the cobalt assets through retained equity interest; spin-out ratio to shareholders, retained equity level and timing of the record date are to be announced
Based on peers in the Cobalt Camp, we believe Brixton remains undervalued, for example, First Cobalt (TSXV:FCC) trades at C$0.017 EV/ha, while Brixton trades at C$0.004 EV/ha. In our view, continued exploration success in the Cobalt camp should benefit shareholders through Brixton or the SpinCo and the start of exploration at the company’s Hog Heaven project should drive a re-rating of Brixton shares.

30-May-2018

Brixton Metals Corp.

Drilling at Langis Returns 3.55% Co

Impact: Positive

Brixton reported additional high-grade cobalt intercepts (Figure 1) from drilling at the company’s Langis project in Ontario’s Cobalt Camp.

  • Results were highlighted by 3.55% Co, 3.8 g/t Ag and 0.10% Ni over 0.98m which equates to 3.57% CoEq or 5,189 g/t AgEq (LM18-23)
  • Further broad low-grade Co-Ni-Ag was intersected in the basement Archean meta-volcanics and meta-sediments
  • Results continue to highlight the benefit of Brixton’s more advanced knowledge of the region and we expect follow-up drilling to yield similar success
Based on peers in the Cobalt Camp, we believe Brixton remains undervalued, for example, First Cobalt (TSXV:FCC ) trades at C$0.012 EV/ha, while Brixton trades at C$0.004 EV/ha. In our view, continued exploration success in the Cobalt camp and the start of exploration at the company’s Hog Heaven project should drive a re-rating. 

09-May-2018

Brixton Metals Corp.

Brixton Hits Cobalt Mineralization in Basement Rock

Impact: Positive

Brixton has identified a new broad Ni-Co-Ag mineralized zone in the Archean basement rocks at its Langis Project in addition to intersecting high-grade Co-Ag in the conglomerate sequence.

  • Experience working in the Cobalt Camp continues to pay off
  • Broad mineralized zone discovered in Archean basement rock
  • Brixton remains undervalued compared to Cobalt Camp peers
Based on peers in the Cobalt Camp, we believe Brixton remains undervalued, for example First Cobalt (TSXV:FCC) trades at C$0.014 EV/ha, while Brixton trades at C$0.004 EV/ha.

30-Apr-2018

Brixton Metals Corp.

Completes Phase 1 Drilling with Impressive Grades

Impact: Positive

Brixton has released the remainder of its phase one drill results from Hudson Bay and is now focusing drilling on its nearby Langis property also in Ontario’s Cobalt Camp.

  • Hudson Bay continues to deliver high-grade cobalt intersections
  • Drilling shifts to Langis, 22km from Hudson Bay
  • Brixton remains undervalued compared to Cobalt Camp peers
Based on peers in the Cobalt Camp, we believe Brixton remains undervalued, for example First Cobalt (TSXV:FCC) trades at C$0.014 EV/ha, while Brixton trades at C$0.004 EV/ha. 

11-Apr-2018

Brixton Metals Corp.

More High-Grade Ag & Co Results from Hudson Bay

Impact: Mildly Positive

Drill results from Hudson Bay are encouraging, intersecting additional high-grade silver and cobalt mineralization.

  • Drilling continues to intersect high grade silver and cobalt mineralization at Hudson Bay.
  • Past producing Hudson Bay leverages both silver and cobalt markets.
  • More results pending, additional high-grade intercepts expected to be key near-term catalyst. 
 
Based on peers in the Cobalt Camp, we believe Brixton remains undervalued, for example First Cobalt (TSXV:FCC) trades at C$0.017 EV/ha, while Brixton trades at C$0.004 EV/ha.

 

01-Jan-2018

Brixton Metals Corp. (TSXV:BBB)

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To access the historical archives of our original blog format, please click on the link(s) below to be re-directed. Please note that we no longer update those archive blog pages.

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