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EXPLORING FOR GOLD & BATTERY METALS TO POWER A CLEAN ENERGY ECONOMY June 2019 PUC Monthly Report Gold & Battery Metals Insights Month over month commodity prices Year to date commodity prices Industry News LME to ban metal tainted by child labor or corruption Rio Tinto aims to increase EV battery metals position BHP backs future of Nickel West to drive battery market Commodities for the Trump-China trade war: Gold for bears, copper for bulls BHP seeks more copper, nickel and oil to meet demand First Cobalt strikes partnership with Glencore AG for Ontario cobalt refinery Supply & Demand News Nickel rich batteries are here - but where’s the nickel going to come from? Battery industry waking up to supply chain issues EU challenges Asian dominance of Bat- tery cell manufacturing Copper rises on trade hopes What provided gold a catalyst to rise from $1160 mark? EV and IoT revive copper, lithium and cobalt mining demand Electric Vehicle News Tesla warns of coming battery minerals shortage India looking at $40 billion investment to boost battery manufacturing capability Building the 21st Century EV supply chain Renewable Energy News Renewables outproduced coal power in the US for the first time ever The cost of generating renewable energy has fallen - a lot Tech giants get antsy: give us renewable power, there’s a planet to save... and PR to harvest Investors are crucial to building out 100% renewable energy economy +++ lots more news inside Gold (Au) Nickel (Ni) Copper (Cu) Cobalt (Co) April 30, 2019 $1,283.80 $12,355.00 $6,441.00 $34,250.00 May 31, 2019 $1,306.00 $12,035.00 $5,780.00 $33,000.00 Change (+ -) $22.20 $320.00 $661.00 $1,250.00 Source: The London Metal Exchange * Gold price per ounce COMMODITY PRICES (in US$ per tonne) INCLUDED IN THIS REPORT GOLD’S ROLE IN CLEAN ENERGY SOURCE: My Gold Guide Nano technology may impact demand for gold in the mid-to long term as gold’s role is growing in solar energy technologies. Gold has long been associated with glaz- ing and glassware; since the 1960’s, gold has been used as a thin coating on glazing to improve energy efficiency in buildings. Its excellent infra-red shielding capability helps to prevent over-heating in buildings with a large glazing footprint, thus low- ering energy costs. Famously the Royal Bank Plaza building in Toronto has 14,000 windows, all of which are coated in a layer of pure gold for this very reason. The link between solar applications and gold has strengthen in recent years. Gold nanoparticles have been incorporated into a variety of solar cells to harvest more of the sun’s energy and convert it into electricity. Perovskite solar cells, widely seen as one of the most promising new solar cell technol- ogies, use gold electrodes. Whilst these cells currently don’t have the longevity of traditional silicon-based technologies, progress is being made towards their industrialisation. The solar industry could potentially mirror the electronics industry with respect to gold demand and usage. It is feasible that a solar technology using gold, either in nanoparticle or coating form, could go on to achieve mass-adoption. This would lead to small quantities of gold being incorpo- rated into vast numbers of separate solar modules, generating significant demand for gold. Gold-containing solar cells may one day power buildings.• Royal Bank Plaza building, Toronto, ON, Canada TSX VENTURE: PUC

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Page 1: EXPLORING FOR GOLD & BATTERY METALS TO POWER A CLEAN ...€¦ · TO POWER A CLEAN ENERGY ECONOMY PUC Monthly Report June 2019 ... them entering into an option agreement to earn a

EXPLORING FOR GOLD & BATTERY METALS TO POWER A CLEAN ENERGY ECONOMY

June 2019PUC Monthly Report

Gold & Battery Metals Insights• Month over month commodity prices• Year to date commodity prices

Industry News • LME to ban metal tainted by child labor

or corruption• Rio Tinto aims to increase EV battery

metals position• BHP backs future of Nickel West to drive

battery market• Commodities for the Trump-China trade

war: Gold for bears, copper for bulls• BHP seeks more copper, nickel and oil to

meet demand• First Cobalt strikes partnership with

Glencore AG for Ontario cobalt refinery

Supply & Demand News• Nickel rich batteries are here - but

where’s the nickel going to come from? • Battery industry waking up to supply

chain issues• EU challenges Asian dominance of Bat-

tery cell manufacturing• Copper rises on trade hopes• What provided gold a catalyst to rise

from $1160 mark? • EV and IoT revive copper, lithium and

cobalt mining demand

Electric Vehicle News• Tesla warns of coming battery minerals

shortage• India looking at $40 billion investment to

boost battery manufacturing capability• Building the 21st Century EV supply

chain

Renewable Energy News• Renewables outproduced coal power in

the US for the first time ever• The cost of generating renewable energy

has fallen - a lot• Tech giants get antsy: give us renewable

power, there’s a planet to save... and PR to harvest

• Investors are crucial to building out 100% renewable energy economy

+++ lots more news inside

Gold (Au)

Nickel (Ni)

Copper (Cu)

Cobalt (Co)

April 30, 2019 $1,283.80 $12,355.00 $6,441.00 $34,250.00

May 31, 2019 $1,306.00 $12,035.00 $5,780.00 $33,000.00

Change (+ -) $22.20 $320.00 $661.00 $1,250.00 Source: The London Metal Exchange* Gold price per ounce

COMMODITY PRICES (in US$ per tonne)INCLUDED IN THIS REPORT

GOLD’S ROLE IN CLEAN ENERGY

SOURCE: My Gold Guide

Nano technology may impact demand for gold in the mid-to long term as gold’s role is growing in solar energy technologies.

Gold has long been associated with glaz-ing and glassware; since the 1960’s, gold has been used as a thin coating on glazing to improve energy efficiency in buildings.

Its excellent infra-red shielding capability helps to prevent over-heating in buildings with a large glazing footprint, thus low-ering energy costs. Famously the Royal Bank Plaza building in Toronto has 14,000 windows, all of which are coated in a layer of pure gold for this very reason.

The link between solar applications and gold has strengthen in recent years. Gold nanoparticles have been incorporated into a variety of solar cells to harvest more of the sun’s energy and convert it into electricity.

Perovskite solar cells, widely seen as one of the most promising new solar cell technol-ogies, use gold electrodes. Whilst these cells currently don’t have the longevity of traditional silicon-based technologies,

progress is being made towards their industrialisation.

The solar industry could potentially mirror the electronics industry with respect to gold demand and usage. It is feasible that a solar technology using gold, either in nanoparticle or coating form, could go on to achieve mass-adoption. This would lead to small quantities of gold being incorpo-rated into vast numbers of separate solar modules, generating significant demand for gold.

Gold-containing solar cells may one day power buildings.•

Royal Bank Plaza building, Toronto, ON, Canada

TSX VENTURE: PUC

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Copyright ©2019 Pancontinental Resources Corporation. All rights reserved. Page 2

PUC Monthly Report - June 2019

Pancontinental Resources Corporation (“Pancon” or the “Company”) (TSXV: PUC) is a Canadian-based exploration company focused on exploring and developing its strategic gold & energy metals projects in low-risk, proven mining districts with excellent infrastructure.

The Company’s current focus is on pro-spective Gold & Nickel-Copper-Cobalt properties in low-risk areas in proximity to producing or former mines.

Looking to help address the growing demand for clean energy metals, Pancon holds five nickel-copper-cobalt projects in Northern Ontario and one gold project in the Carolina Gold Belt:• The Montcalm, Nova, Gambler and

Strachan projects are adjacent to and near the former Montcalm Ni-Cu-Co Mine located 65 km northwest of Timmins, ON, Canada

• The St. Laurent Project has an advanced Ni-Cu-Co-Au-Pt-Pd target and is located 50 km south of Detour Lake Mine and 20 km southeast of Casa Berardi Mine in northern Ontario, Canada

• The Jefferson Gold Project is situated near the producing Haile Gold Mine and adjacent to the former Brewer Gold Mine on the Carolina Gold Belt in South Carolina, USA.

PANCON RESOURCES (TSXV: PUC)

PUC MONTHLY REPORT

Presented by Pancon, the PUC Monthly Report highlights the latest news in gold and battery metals space such as nickel, copper and cobalt.

It includes news that affects the market as well as companies that are exploring, developing and producing essential minerals and materials that will lead a clean energy revolution.

BE IN THE KNOW

Click here to sign-up to get the monthlyPUC Monthly Report and Pancon updates

right on your inbox

@PanconResources

FOLLOW US ON TWITTER

LME Nickel(Jan 1 to May 31, 2019)

LME Nickel (April 30 to May 31, 2019)

LME Gold (Jan 1 to May 31, 2019)

LME Gold(April 30 to May 31, 2019)

LME Copper (Jan 1 to May 31, 2019)

LME Copper (April 30 to May 31, 2019)

LME Cobalt(Jan 1 to May 31, 2019)

LME Cobalt (April 30 to May 31, 2019)

YEAR TO DATE COMMODITY CHARTS

MONTH OVER MONTHCOMMODITY CHARTS

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Copyright ©2019 Pancontinental Resources Corporation. All rights reserved. Page 3

PUC Monthly Report - June 2019

The Montcalm Project (3,780 hectares) is located within the prospective Montcalm Gabbro Complex, 65 km northwest of Timmins, Ontario.

The project is contiguous to and surrounds the western, northwestern and southwest-ern portion of the former Montcalm Mine, currently owned by Glencore plc.

The former Montcalm Mine was discov-ered and developed based on a single airborne electromagnetic anomaly identified in 1970s and previously mined 3,931,610 tonnes of ore grading 1.25% nickel, 0.67% copper and 0.051% cobalt, producing in excess of 4 million pounds of cobalt (Ontario Geological Survey, Atkin-son, 2011).

St. Laurent Project (4,170 hectares) is located in St. Laurent Township, 160 km northeast of Timmins, 50 km south of Detour Lake Mine and 20 km southeast of Casa Berardi Mine.

Past shallow drilling at the St. Laurent Project identified disseminated multi-element sulphide mineralization across notable widths trending towards a large gabbro-hosted magnetic feature.

The Ni-Cu-Co-Au-Pt-Pd zone is open along strike and at depth. This mineralized zone, importantly, is coincident with a strong 600-metre long EM anomaly.

The Nova Project (2,080 hectares) is located in the Montcalm Greenstone Belt,19 km southwest of Glencore’s former Montcalm Mine.

The Strachan Project (2,280 hectares) is lo-cated 15 km south of the former Montcalm Mine, in the Strachan Gabbro Complex.

The Gambler Project (7,630 hectares) is a camp-size project situated in the Mont-calm Gabbro Complex surrounding the Montcalm Project and adjacent to the former Montcalm Mine.

MONTCALM NI-CU-CO PROJECT

GAMBLER NI-CU-CO PROJECT

STRACHAN NI-CU-CO PROJECT

ST. LAURENT NI-CU-CO-PGE PROJECT

NOVA CU-CO-AU PROJECT

SOUTH CAROLINA PROJECT

The Jefferson Gold Project is located in Chesterfield County, South Carolina, on one of the most significant gold trends in the United States: the Carolina Gold Belt.

The Jefferson Gold Project is adjacent to the former Brewer gold mine (which produced 178,000 oz Au from 1985-1991), and 15 km up trend from OceanaGold’s producing Haile gold mine.

The former Ridgeway gold mine, located 50 miles along trend southwest of the Jef-ferson Gold Project, was a 15,000-tonnes per day open pit operated by Kennecott Minerals from 1988-1999.

The Haile gold mine, first discovered in 1827, is today a new open pit operation with a multi-million ounce resource that commissioned in December 2016. Haile is owned and operated by OceanaGold (TSX: OCG), which reports ongoing exploration and the potential for an expansion phase to an underground mine at Haile.

Pathway conduits of mineralization discov-ered at Jefferson mimic the same initial exploration successes at Haile.

JEFFERSON GOLD PROJECT

NORTHERN ONTARIO PROJECTS

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Copyright ©2019 Pancontinental Resources Corporation. All rights reserved. Page 4

PUC Monthly Report - June 2019

THE PANCON BATTERY METALS MANTRA: LOCATION, LOCATION, LOCATION

SOURCE: InvestorIntel May 1, 2019

When it comes to battery metals and their supply we are just at the beginning of the story. By 2020 Bloomberg forecasts that there will be over 289 different models of electric cars creating a massive demand for battery metals. From 2022 an electric car should be the same cost as a conventional car, and up to 5-10 times cheaper to fuel and maintain. Even Volkswagen now sees EVs going mainstream by 2022. The industry is already gear-ing up with 76 lithium-ion megafactories either existing or in the planning phase. This is expected to lead to a tsunami of demand for the battery metals such as lithium, cobalt, graphite, nickel, and copper.

Pancontinental Resources Corp. (TSXV: PUC) aims to be a leading battery metals explor-er and developer, focusing on commodity, geology, location, timing and people. The Company is focused on the exploration and development of their nickel-cobalt-copper projects in Ontario, Canada; and their 100%-owned Jefferson Gold Project in South Caro-lina, USA.

Northern Ontario Projects

The chart below shows Pancontinental’s 5 Northern Ontario projects – Montcalm, St Lau-rent, Gambler, Nova, and Strachan. The first 4 are optioned to own 100%, and Strachan is optioned to own 75%. All are early stage and prospective for various battery mwetals such as copper, nickel, and cobalt. There is also potential for gold, palladium, and platinum.

100% option to acquire the St. Laurent Project

The acquisition of the St. Laurent Project announced on March 25th by Pancon, sees them entering into an option agreement to earn a 100% interest in the St. Laurent Proj-ect. The Project covers 4,170 hectares and is located in St. Laurent Township, Northern Ontario, 160 km northeast of Timmins. The project has an advanced exploration target

CONTINUE ON PAGE 5

SUPPLY & DEMAND NEWS

Tesla warns of coming battery minerals shortageMay 3, 2019

US Senate introduces bill to boost domes-tic supplyMay 8, 2019

Nickel rich batteries are here - but where’s the nickel going to come from?May 9, 2019

Battery Industry waking up to supply chain issuesMay 9, 2019

EU challenges Asian dominance of battery cell manufacturingMay 10, 2019

India looking at $40 billion investment to boost battery manufacturing capacityMay 10, 2019

Copper rises on trade hopes; aluminum seen pressured by strong China outputMay 15, 2019

What provided gold a catalyst to rise from $1160 mark? May 15, 2019

Electric vehicles and IoT revive copper, lithium and cobalt mining demandMay 15, 2019

EV Metals Demand: The Calm before the stormMay 20, 2019

Confusing signals cloud London Nickel market May 20,2 019

BHP to expand nickel production amid battery boom May 22, 2019

Goldman says buy commodities in worst weekly slump this yearMay 23, 2019

Data shows gold is undervalued in many currencies since 2011May 24, 2019

Should you buy gold at current levels? Here’s what experts suggestMay 24, 2019

China’s push for more nickel in batteries slightly delayed, but it will comeMay 30, 2019

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PUC Monthly Report - June 2019

THE PANCON BATTERY METALS MANTRA: LOCATION, LOCATION, LOCATION (CONT’D)

hosting a prominent 600 meter long electromagnetic anomaly associated Ni-Cu-Co-Au-Pt-Pd mineralization. With this acquisition, the Company has made the decision to termi-nate its Option Agreement on the McBride Project in south-eastern Ontario.

Pancon President and CEO Layton Croft stated: “The St. Laurent Project strengthens Pancon’s strategy of exploring for essential battery and energy metals in low-risk jurisdic-tions near operating and former mines. It also brings a 5th project to Pancon’s exploration portfolio in Northern Ontario, where we value our positive social license to operate.”

First drill program completed at Montcalm

Nearby at Pancon’s Montcalm Ni-Cu-Co Project, 65 km northwest of Timmins, the first exploratory drill program has completed (March 27). The purpose of the maiden drill pro-gram was to test airborne virtual time-domain electromagnetic (VTEM) geophysical anom-alies that had been identified in 2018. Results have been received from all 10 diamond drill holes having produced approximately 4,300 meters of drill core.

CEO Layton Croft stated: “The mineralized intervals did not return anomalous Ni-Cu-Co assay results. Further evaluation of the data identified a complex magnetic feature, hosting a cluster of electromagnetic anomalies we are calling the Hook zone. We are now conducting induced polarization (IP) and geophysical reinterpretation on the Hook zone in anticipation of follow up drilling.”

The Hook Zone (outlined by a dotted red line)

History of the Montcalm project

The Montcalm Project covering 3,780 hectares is located within the prospective Mont-calm Gabbro Complex. The Project is contiguous to and surrounds the former Montcalm Mine, which was discovered and developed based on a single airborne electromagnetic anomaly and has previously mined 3,931,610 tonnes of ore grading 1.25% nickel (Ni), 0.67% copper (Cu), and 0.051% cobalt (Co), producing in excess of 4 million pounds of cobalt. In January 2018, Pancon acquired an option to earn a 100% interest in the Mont-calm Project.

The demand tsunami for electric vehicle batteries is nearly upon us. It’s not a fad, it’s not a trend, it’s going to be essential for the health and well-being of the globe and all its inhabitants as we rid ourselves of harmful pollution. Green energy is on our doorstep and companies like Pancontinental Resources who are investing to find the very valuable bat-tery metals can help make the air breathable again, saving us and the planet. Of course if Pancontinental has drilling success and can prove up an economic resource, then the Company can also provide a great investment for shareholders along the way.•

ELECTRIC VEHICLE NEWS

US Senate moves forward on plan to devel-op electric vehicle supply chain May 14, 2019

Mercedes-Benz’s aggressive pledge: All cars will be carbon-neutral by 2039May 13, 2019

Maserati joins ranks of EV holdouts among exotic car makersMay 13, 2019 Building the 21st Century EV supply chain May 15, 2019

Volkswagen board approves +US$1Bn plan for in-house battery cell manufacturingMay 16, 2019

GM builds new electric architecture for EVs, self-driving carsMay 21, 2019

INDUSTRY NEWS

Cobalt hunter crunches the numbers for refinery restartMay 8, 2019

LME to ban metal tainted by child labor or corruptionMay 9, 2019

Rio Tinto aims to increase EV battery met-als position May 14, 2019

BHP backs future of Nickel West to drive Battery Market May 15, 2019

Higher import tariffs to have little impact on Chinese Lithium, cobalt marketsMay 15, 2019

Commodities for the Trump-China trade war: Gold for bears, copper for bullsMay 16, 2019

Glencore appoints new temporary head of Cobalt trading May 21, 2019

BHP seeks more copper, nickel and oil to meet demandMay 22, 2019

First Cobalt strikes partnership with Glen-core AG for Ontario cobalt refineryMay 22, 2019

Freeport-McMoran announces agreement to sell portion of Cobalt businessMay 23, 2019

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PUC Monthly Report - June 2019

RENEWABLES OUTPRODUCED COAL POWER IN THE US FOR THE FIRST TIME EVER

SOURCE: Popular MechanicsMay 2, 2019

For the first time in this country’s history, renewables generated more electricity than coal.

Last month, renewable energy sources like wind, solar, and hydro actually outpaced coal generation, per data from the U.S. Energy Information Administration and an analysis by the Institute for Energy Economics and Financial Analysis. That’s never happened before. It’s a landmark moment for renewables; no one can say that they can’t compete with traditional fossil fuel energy sources anymore.

RENEWABLE ENERGY NEWS

Renewables outproduced coal power in the US for the first time everMay 2, 2019

As world burns, clean energy growth stalls for first time in nearly two decadesMay 6, 2019

The cost of generating renewable energy has fallen - a lotMay 7, 2019

Renewable energy projects to create jobs and spur investment in clean energy in NYMay 7, 2019

EVgo commits to 100% renewable energy for fast charging network May 7, 2019

Rooftop solar projects must for India to meet 175 GW renewable energy goalMay 7, 2019

How big is gridlock in our electric grid? May 10, 2019

Tech giants get antsy in Northern Virginia: give us renewable power, there’s a planet to save... and PR to harvest May 12, 2019

Storage is essential for California to achieve 100% green energy w/o blackouts May 12, 2019

Investors are crucial to building out 100% renewable energy economy May 14, 2019

Countries need renewable energy allies to advance carbon-cutting developmentsMay 28, 2019

World’s largest renewable energy storage project proposed for UtahMay 31, 2019

How did we reach this point? Well, part of the answer is timing. It’s springtime in the US, which means hydro power is peaking thanks to all the melting snow. At the same time, many coal plants around the country are shutting down for maintenance and upgrades. Renewables won’t outcompete coal all year round, at least not yet.

But this record was also, in large part, because renewables have been getting cheaper and more powerful for years. Decades of innovation have gone into every wind turbine and solar panel in this country, and these energy sources have been getting exponentially cheaper.

At the same time, coal is increasingly unprofitable for utilities. Most coal plants in this country are nearing the end of their expected lifespans, so maintenance costs are sky-rocketing. The cost of coal itself has stagnated over the past decade, so there’s very little room to actually make money.

Recently, a series of analyses have found that for many regions in the US, it’s actually cheaper to close down an existing coal plant and build a renewable plant in its place than to continue operating the coal plant. And in some parts of the country, that’s exactly what’s happening. Dozens of coal plants have closed over the past few years, and the U.S. is adding new solar and wind capacity at a record pace.

So while renewables will only outpace coal for a few months in 2019, eventually this will happen every month. Soon, renewables will be outcompeting every other energy source, and they will become the only energy source in a few decades. •

ELECTRIC VEHICLE NEWS (CONT’D)

Audi boosts plug-in plans to include 20 all-electric models by 2025May 24, 2019

$50 billion VW battery plan could need revamp after Samsung cuts back May 29, 2019

EVs should get more expensive as US trade war heats up May 30, 2019

British Columbia bans most gasoline and diesel cars after 2040May 31, 2019

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PUC Monthly Report - June 2019

ST. LAURENT WHITE BOARD

The white board below was prepared to highlight the key exploration features of St. Laurent and the reasons why Pancon team is excited about this newest project.

The picture below will redirect you to an interactive document. Click on each picture to zoom in to the image and get more informa-tion of each highlight.

Canada is primed to respond to growing global demand for commodities required in clean energy technologies.

Canada is a key global producer of cop-per, nickel and cobalt, and hosts advanced mineral projects for rare earth elements, lithium and graphite. These commodities are crucial in the production of solar cells, high-density batteries and wind turbines.

In 2017, the minerals sector directly and indirectly contributed $97 billion or 5% to Canada’s total nominal GDP.

The minerals sector directly and indirectly accounted for 634,000 jobs throughout the country in urban, rural and remote regions in 2017.

The minerals industry is an important em-ployer of Indigenous peoples, providing jobs to over 16,500 individuals in 2017.

Source: Natural Resources Canada

CANADA & THE GREEN ECONOMY EVOLUTION

Mining has been a part of Ontario’s fabric since the dawn of civilization and it is an inte-gral component of its high-tech, environmentally-conscious future.

Ontario’s native population was the first to tap into the province’s vast mineral wealth. Major discoveries and mine development in the 20th century underpinned Ontario’s rise to the status of Canada’s most populous and wealthiest province, and supported Cana-da’s development as an industrialized and globally competitive nation.

Today, mining in Ontario is a multi-million dollar industry known around the world for its safety and environmental leadership, efficiency, productivity and innovation. Our mem-bers produce and process mineral resources that are the building blocks of everything from your kitchen sink to computer disk drives, wind turbines, hybrid cars, rechargeable batteries, catalytic converters, nanotechnology and beyond - where human ingenuity and aspiration for a greener future have yet to take us.

With a clear focus on the future, Ontario’s dynamic mining industry is continually evolving to meet society’s changing needs and expectations. It is not just about what and how much we mine, but about our guiding values. Our members are committed to prioritizing the health and safety of their employees; minimizing the impact of their activities on the environment by adopting innovative technologies and approaches; contributing to the development and enhancement of local economies; and investing in the future by sup-porting human capital, education, research and development.

Source: Ontario Mining Association

ONTARIO MINING

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PUC Monthly Report - June 2019

Layton Croft, President & CEO: More than 25 years of leadership and management experience in North America, Asia, Europe, Africa and Latin America, including executive and strategic advisory roles with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy. Director of Erdene Resource Development (TSX: ERD) since 2015.

Todd Keast, P.Geo, QP - Northern Ontario Project Manager: Exploration and project geologist with nearly 30 years of experience in a diverse field of commodities. With an active approach to exploration, has advanced projects from grassroots target generation and evaluation through to deposit discovery, delineation, environmental permitting and PEA.

Kevin Filo, P.Geo., QP - Northern Ontario Project Advisor: Exploration geologist, mining geologist and project generator with nearly 40 years of experience, including 30 years in the Abitibi Greenstone Belt region, Ontario. Former VP Exploration for acqui-sition team which acquired the Detour Gold Mine from Placer Dome, now one of the largest gold mines in Canada.

Margaret Venable, PHD, CPG, QP - South Carolina Project Geologist: Specializing in property evaluation and three dimensional analyses and integration of data sets in order to enhance understanding of mineralization and plan future work, Margaret has 35+ years of experience, from early exploration to mine feasibility. Originally from North Carolina, she has been studying the geology and geophysics of the Brewer-Jefferson area since 2016.

Richard “Criss” Capps, PhD, CPG, QP - South Carolina Project Geologist: 40+ years of experience in minerals exploration and economic geology. Mr. Capps was part of the team that discovered six gold deposits that became the Castle Mountain Gold Mine in California. Originally from North Carolina, Mr. Capps has been working in the Brewer-Jef-ferson area since 2016.

Christopher Cherrywell, CPG, QP - South Carolina Project Advisor: 40+ years of experience, from early exploration to mine feasibility and spent over a decade on the Carolina Gold Belt, including working at Brewer, Haile and Barite Hill in South Carolina. Chris was the lead geologist responsible for discovering the Brewer Gold Mine in 1983-84 and provided project development engineering solutions to support project economics and local socio-economic benefits to the mine.

Mark McMurdie, CFO: Chartered Professional Accountant with more than 30 years of senior leadership experience in public and private companies. Currently serving as CFO for Roscan Minerals (TSX-V: ROS), as well as Director of Finance for franchisor H&S Mas-sage Spa Canada.

Jeanny So, External Relations Manager: More than 20 years of investor relations, public relations, corporate affairs, corporate development and communications experi-ence in the natural resource sector. She also serves as a consultant to Purepoint Uranium Group (TSXV: PTU) and is a member of Prospector and Developers Association of Canada (PDAC) and Women In Mining.

BOARD OF DIRECTORS

Donald Whalen (Chairman)Layton Croft

Rick Mark David MosherDavid Petroff

David Mosher (Chairman) Todd Keast, P. Geo., QPKevin Filo, P.Geo., QP

CAPITAL STRUCTURE

Shares Outstanding 165,479,290

Share Price (May 31, 2019) $0.045

52 Week Range $0.09 / $0.02

100-Day Avg Volume 192,501

Options 13,600,000

Warrants 25,128,218

Fully Diluted 204,207,508

Insider Ownership 35%

Cash Position (April 30, 2019)

$700,000

MANAGEMENT TEAM

Disclaimer: All information provided in this newsletter is based upon sources that Pancontinental Resources Corporation ("Pancon") believes to be reliable. Pancon does not guarantee their accuracy or completeness. Any and all statements as of the date of this newsletter are subject to change without notice. All information provided on this newsletter must be understood as information presented for discussion only and not investment advice. Pancon advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this newsletter or any stocks for that matter. All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy, sell, or hold securities. Pancon expressly disclaims any obligation to update or revise any such forward-looking statements.

Qualified Person: The technical information in this newsletter has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast, PGeo, a Qualified Person as defined by NI 43-101, a member of Pancon's Technical Advisory Committee and Pancon's Project Manager. Cer-tain technical information within this newsletter is historical in nature and pre-dates NI 43-101 standards, this information is believed to be reliable however the Company has not verified this material.

NORTHERN ONTARIO TECHNICAL ADVISORY

COMMITTEE

David Mosher (Chairman) Christopher Cherrywell, CPG, QPMargaret Venable, PhD, CPG, QP

Richard “Criss” Capps, PhD, CPG, QP

SOUTH CAROLINA TECHNICAL ADVISORY

COMMITTEE

www.panconresources.comComments or questions ?

Ask us on Twitter @PanconResources or email us at [email protected]