Erin Ventures Inc.

Featured Company / Erin Ventures Inc.

Gold. Lithium. Silver. These are the elements that get most of the coverage on Wall Street for a variety of reasons, albeit a store of value, use in electric vehicles or industrial applications. While certainly valid points for investments, savvy investors are moving into a much lesser talked about element: boron. Boron, with atomic symbol “B” and number atomic number 5 quietly goes about as a mineral critical to life and industry already and is on the cusp of potentially becoming even more instrumental in different industries.

To that point, boron could become a buzz word on Wall Street in the near future due to the groundbreaking application opportunities and limited number of public companies that can provide exposure to the mineral.

Investors are certainly wrapped up in lithium as the mineral of choice for electric vehicles. It’s topical and trendy and may be also dead wrong. For starters, there is debate over whether or not there is enough lithium and cobalt supply globally to replace millions of fossil fuel vehicles with those powered by lithium-ion batteries. As noted in a Smarter Transport article, the future of EVs could be hydrogen and boron, more specifically a hydrogen-boron fusion with the Chirped Pulse Amplification laser that won Gérard Mourou and Donna Strickland a Nobel Prize in Physics in 2018.

The fact is that the hydrogen-boron technology can turn the industry on its head by completely eliminating range anxiety and a whole lot of infrastructure related to charging stations that are necessary with Li-ion batteries. Consider that a long-range Tesla maxes out 370 miles with a 100kWh battery. Cambridge University simulated that 14 milligrams of hydrogen and boron-11 could produce 300 kWh of energy, meaning that a single gram of hydrogen-boron fuel can power a vehicle for a whopping 80,000 miles.

And then there’s Professor Heinrich Hora from the University of New South Wales and what he’s dubbed HB11 Energy from hydrogen-boron-11 fusion. The invention of Mourou and Strickland were exactly what Hora, a theoretical physicist, needed to bring his decades of work in hydrogen-boron fusion to a reality as a much less expensive and far safer (zero radiation is produced) alternative to traditional Deuterium-Tritium nuclear fusion. In laymen’s terms, the energy generated from hydrogen-boron allows for smaller and simpler generators because it converts the energy directly into electricity that can be sent immediately to the grid.

The process, as described by Dan Edel in Intelligent Living is “deceptively simple.” It can be a game-changer to the energy industry because of the extremely clean and high output without any risk of nuclear meltdown and catastrophes like happened at Fukushima Daiichi in 2011.

In the words of Dr. Warren MacKenzie, Managing Director of HB11 Energy, “[This] approach could be the only way to achieve very low carbon emissions by 2050.”

MacKenzie is spot on, as hydrogen-boron fusion literally represents a new, unlimited source of clean, safe and reliable energy. It overcomes all obstacles related to finite fossil fuels, and limitations of wind and solar, along with the long-term energy storage they require. Incidentally, boron is also part-and-parcel to solar and wind technologies already too.

The word “disruptor” is simply not strong enough to describe the magnitude of these inventions on the electric vehicle and fusion energy markets.

It also cannot be overlooked that boron is irreplaceable today in countless other uses ranging from healthcare, fiberglass, specialized glass, nuclear reactors, hydrogen fuel cells, powerful magnets, agriculture, detergents, electronics, semiconductors, manufacturing and much more. New discoveries are constantly being made, such as scientists in Spain recently developing a hydrogel that releases boron into damaged tissue to accelerate formation of new muscle fibers.

Investors don’t spend much time discussing boron suppliers because it is essentially an oligopoly today. About 80% of the $4.9 billion market is split between Rio Tinto (NYSE: RIO) from its century-old mine in California and Turkey’s state-owned Eti Mine Works, which owns the massive Eti Mine. Turkey is hands-down the top boron host with about 1.1 billion metric tons of boron reserves. To put that into context, consider that the U.S. and Russia share second place with 40 million metric tons each. Without question, there is a great need to get another large mine into production as soon as possible and whichever company makes it happen should be rewarded handsomely with incessant demand.

A $15 Million Market Cap Company with $2 Billion Revenue Potential

The up-and-comer to watch is Erin Ventures (TSX-Venture:EV) (OTCQB:ERVFF), a junior that could easily catapult into the conversation with companies like Rio and Eti thanks to its Piskanja high-grade boron project in Serbia. Piskanja is one of the top high-grade, world-class boron projects known in the world today. Erin operates the project through its 100% owned subsidiary Balkan Gold, the holder of the Piskanja license.

In a National Instrument 43-101 report amended in February 2019 titled, “Mineral Resource Estimate Update On The Piskanja Borate Project, Serbia,” the project hosts an indicated mineral resource of 7.8 million tonnes (averaging 31% B2O3 (boron trioxide)) and an inferred resource of 3.4 million tonnes (averaging 28.6% B2O3). The estimate is calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves, better known as simply “CIM Standards.”

Erin has filed its compulsory Annual Work Report and License Extension Application for Piskanja with Serbian regulators, which covers completing the “Certification of Reserves” process within three years.

A now historic 2014 Preliminary Economic Assessment evaluating Piskanja provided additional insight on some favorable economics for a future mine, including a post-tax NPV (10%) of US$428 million with an internal rate of return (IRR) of 64%.  Forecasted annual revenue was shown at $97 million and project payback based on capex of $84.6 million (all figures in USD) within 15 months from mine start-up.  At 21 years mine life, the gross revenue for the project is $2.04 billion with a net operating margin of 68.7%.  All-in cost per tonne of product sold (post-tax) is projected at $165.75.

Boric acid prices are expected to keep rising moderately year-over-year, according to Statista, to reach $762 per tonne. That makes for some solid margins for Erin at $166 total production cost.

The Colemanite Perk

Colemanite is a secondary mineral of boron found in evaporite deposits of alkaline lacustrine environments. A popular collector mineral, colemanite is used in heat resistant glass and other industrial, medical and cosmetic applications, often without any alternatives. Currently, the Eti Mine is the world’s only supplier of colemanite.

That could change when Piskanja reaches production, as colemanite is also located in the project’s ore. Better yet, Piskanja’s colemanite has a much lower arsenic content than colemanite mined at Eti, which makes it more attractive to buyers.

Post-COVID: Time to Get to Work

Serbia was not immune to the global coronavirus pandemic, with national lockdowns putting the clamps on Erin advancing Piskanja. In December, Erin inked a letter of intent with Temas Resource Corp. (CSE:TMAS) (OTCQB:TMASF) to expedite project development. Temas has the opportunity to earn a 50% equity interest in Balkan Gold by spending 10.5 million euro (US$12.85 million) on development at Piskanja over the course of 36 months.

Temas will pick up on promising exploration work that has consistently proven high grades and a massive borate deposit. Drilling has delineated the continuity of the mineralized trends, which remain open in nearly all directions.

The move to JV will not only move the project forward more quickly, but take the financial burden off Erin. It also comes with other benefits to both partners.

Upon completing the investment, Temas will get seats on the Balkan Gold board of directors and become the operator at Piskanja.

The LOI is expected to transition into a definitive agreement in the near future, at which time Temas will have to make a one-time payment of 250,000 of its common shares (currently trading at $1.02) and 250,000 share purchase warrants exercisable at $1.00 for a period of 48 months. If Temas’ exploration work produces similar results to past assays, those shares and warrants should be quite valuable to Erin. Shares of TMAS are already in a nice uptrend, rising from 25 cents last July on their way to printing a 52-week high at $2.27 in January.

Furthermore, the ownership in Temas gives Erin exposure to their portfolio of iron, titanium and vanadium projects in the U.S. and Canada.

The Company took one large step closer to this definitive agreement with Temas when they announced after the market close on April 13th, further to its news release dated December 17, 2020 in which Erin stated that it had entered into a Letter of Intent (“LOI”) with Temas Resources Corp. for the joint development of Erin’s Piskanja Borate Project, the parties have recently concluded their due diligence process with a favourable outcome, and are now working to complete a definitive, binding agreement based on the terms in the LOI. It is anticipated that the definitive agreement will be completed imminently.

The JV jumpstarted EV stock, which rocketed from 3 cents late in November to a high of 24.5 cents in January. The stock has pulled back some to 11 cents as investors look for the next catalyst to provide the tailwinds to head towards a new higher high. The catalyst could certainly be tonight’s announcement, but there is also the very real potential that boron stocks heat up on any high-profile media coverage on the paradigm-shifting potential of boron.

About AllPennyStocks.com:

AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.

As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.

Corporate Snapshot:
Erin Ventures Inc.
Stock Symbol: EV
Stock Exchange: TSX-Venture
Sector: Natural Resources
52 Week High: $0.2500
52 Week Low: $0.0300
Alt Exchange/Ticker: OTCQB:ERVFF

Current Stock Quote / Chart / News: Click here

Information as of April 13, 2021

Gold. Lithium. Silver. These are the elements that get most of the coverage on Wall Street for a variety of reasons, albeit a store of value, use in electric vehicles or industrial applications. While certainly valid points for investments, savvy investors are moving into a much lesser talked about element: boron. Boron, with atomic symbol “B” and number atomic number 5 quietly goes about as a mineral critical to life and industry already and is on the cusp of potentially becoming even more instrumental in different industries.

To that point, boron could become a buzz word on Wall Street in the near future due to the groundbreaking application opportunities and limited number of public companies that can provide exposure to the mineral.

Investors are certainly wrapped up in lithium as the mineral of choice for electric vehicles. It’s topical and trendy and may be also dead wrong. For starters, there is debate over whether or not there is enough lithium and cobalt supply globally to replace millions of fossil fuel vehicles with those powered by lithium-ion batteries. As noted in a Smarter Transport article, the future of EVs could be hydrogen and boron, more specifically a hydrogen-boron fusion with the Chirped Pulse Amplification laser that won Gérard Mourou and Donna Strickland a Nobel Prize in Physics in 2018.

The fact is that the hydrogen-boron technology can turn the industry on its head by completely eliminating range anxiety and a whole lot of infrastructure related to charging stations that are necessary with Li-ion batteries. Consider that a long-range Tesla maxes out 370 miles with a 100kWh battery. Cambridge University simulated that 14 milligrams of hydrogen and boron-11 could produce 300 kWh of energy, meaning that a single gram of hydrogen-boron fuel can power a vehicle for a whopping 80,000 miles.

And then there’s Professor Heinrich Hora from the University of New South Wales and what he’s dubbed HB11 Energy from hydrogen-boron-11 fusion. The invention of Mourou and Strickland were exactly what Hora, a theoretical physicist, needed to bring his decades of work in hydrogen-boron fusion to a reality as a much less expensive and far safer (zero radiation is produced) alternative to traditional Deuterium-Tritium nuclear fusion. In laymen’s terms, the energy generated from hydrogen-boron allows for smaller and simpler generators because it converts the energy directly into electricity that can be sent immediately to the grid.

The process, as described by Dan Edel in Intelligent Living is “deceptively simple.” It can be a game-changer to the energy industry because of the extremely clean and high output without any risk of nuclear meltdown and catastrophes like happened at Fukushima Daiichi in 2011.

In the words of Dr. Warren MacKenzie, Managing Director of HB11 Energy, “[This] approach could be the only way to achieve very low carbon emissions by 2050.”

MacKenzie is spot on, as hydrogen-boron fusion literally represents a new, unlimited source of clean, safe and reliable energy. It overcomes all obstacles related to finite fossil fuels, and limitations of wind and solar, along with the long-term energy storage they require. Incidentally, boron is also part-and-parcel to solar and wind technologies already too.

The word “disruptor” is simply not strong enough to describe the magnitude of these inventions on the electric vehicle and fusion energy markets.

It also cannot be overlooked that boron is irreplaceable today in countless other uses ranging from healthcare, fiberglass, specialized glass, nuclear reactors, hydrogen fuel cells, powerful magnets, agriculture, detergents, electronics, semiconductors, manufacturing and much more. New discoveries are constantly being made, such as scientists in Spain recently developing a hydrogel that releases boron into damaged tissue to accelerate formation of new muscle fibers.

Investors don’t spend much time discussing boron suppliers because it is essentially an oligopoly today. About 80% of the $4.9 billion market is split between Rio Tinto (NYSE: RIO) from its century-old mine in California and Turkey’s state-owned Eti Mine Works, which owns the massive Eti Mine. Turkey is hands-down the top boron host with about 1.1 billion metric tons of boron reserves. To put that into context, consider that the U.S. and Russia share second place with 40 million metric tons each. Without question, there is a great need to get another large mine into production as soon as possible and whichever company makes it happen should be rewarded handsomely with incessant demand.

A $15 Million Market Cap Company with $2 Billion Revenue Potential

The up-and-comer to watch is Erin Ventures (TSX-Venture:EV) (OTCQB:ERVFF), a junior that could easily catapult into the conversation with companies like Rio and Eti thanks to its Piskanja high-grade boron project in Serbia. Piskanja is one of the top high-grade, world-class boron projects known in the world today. Erin operates the project through its 100% owned subsidiary Balkan Gold, the holder of the Piskanja license.

In a National Instrument 43-101 report amended in February 2019 titled, “Mineral Resource Estimate Update On The Piskanja Borate Project, Serbia,” the project hosts an indicated mineral resource of 7.8 million tonnes (averaging 31% B2O3 (boron trioxide)) and an inferred resource of 3.4 million tonnes (averaging 28.6% B2O3). The estimate is calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves, better known as simply “CIM Standards.”

Erin has filed its compulsory Annual Work Report and License Extension Application for Piskanja with Serbian regulators, which covers completing the “Certification of Reserves” process within three years.

A now historic 2014 Preliminary Economic Assessment evaluating Piskanja provided additional insight on some favorable economics for a future mine, including a post-tax NPV (10%) of US$428 million with an internal rate of return (IRR) of 64%.  Forecasted annual revenue was shown at $97 million and project payback based on capex of $84.6 million (all figures in USD) within 15 months from mine start-up.  At 21 years mine life, the gross revenue for the project is $2.04 billion with a net operating margin of 68.7%.  All-in cost per tonne of product sold (post-tax) is projected at $165.75.

Boric acid prices are expected to keep rising moderately year-over-year, according to Statista, to reach $762 per tonne. That makes for some solid margins for Erin at $166 total production cost.

The Colemanite Perk

Colemanite is a secondary mineral of boron found in evaporite deposits of alkaline lacustrine environments. A popular collector mineral, colemanite is used in heat resistant glass and other industrial, medical and cosmetic applications, often without any alternatives. Currently, the Eti Mine is the world’s only supplier of colemanite.

That could change when Piskanja reaches production, as colemanite is also located in the project’s ore. Better yet, Piskanja’s colemanite has a much lower arsenic content than colemanite mined at Eti, which makes it more attractive to buyers.

Post-COVID: Time to Get to Work

Serbia was not immune to the global coronavirus pandemic, with national lockdowns putting the clamps on Erin advancing Piskanja. In December, Erin inked a letter of intent with Temas Resource Corp. (CSE:TMAS) (OTCQB:TMASF) to expedite project development. Temas has the opportunity to earn a 50% equity interest in Balkan Gold by spending 10.5 million euro (US$12.85 million) on development at Piskanja over the course of 36 months.

Temas will pick up on promising exploration work that has consistently proven high grades and a massive borate deposit. Drilling has delineated the continuity of the mineralized trends, which remain open in nearly all directions.

The move to JV will not only move the project forward more quickly, but take the financial burden off Erin. It also comes with other benefits to both partners.

Upon completing the investment, Temas will get seats on the Balkan Gold board of directors and become the operator at Piskanja.

The LOI is expected to transition into a definitive agreement in the near future, at which time Temas will have to make a one-time payment of 250,000 of its common shares (currently trading at $1.02) and 250,000 share purchase warrants exercisable at $1.00 for a period of 48 months. If Temas’ exploration work produces similar results to past assays, those shares and warrants should be quite valuable to Erin. Shares of TMAS are already in a nice uptrend, rising from 25 cents last July on their way to printing a 52-week high at $2.27 in January.

Furthermore, the ownership in Temas gives Erin exposure to their portfolio of iron, titanium and vanadium projects in the U.S. and Canada.

The Company took one large step closer to this definitive agreement with Temas when they announced after the market close on April 13th, further to its news release dated December 17, 2020 in which Erin stated that it had entered into a Letter of Intent (“LOI”) with Temas Resources Corp. for the joint development of Erin’s Piskanja Borate Project, the parties have recently concluded their due diligence process with a favourable outcome, and are now working to complete a definitive, binding agreement based on the terms in the LOI. It is anticipated that the definitive agreement will be completed imminently.

The JV jumpstarted EV stock, which rocketed from 3 cents late in November to a high of 24.5 cents in January. The stock has pulled back some to 11 cents as investors look for the next catalyst to provide the tailwinds to head towards a new higher high. The catalyst could certainly be tonight’s announcement, but there is also the very real potential that boron stocks heat up on any high-profile media coverage on the paradigm-shifting potential of boron.

About AllPennyStocks.com:

AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.

As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.


Forward Looking Statements

This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. Erin Ventures Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Erin Ventures Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

Disclaimer

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Erin Ventures Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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