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Old 05-16-2020, 10:55 AM   Nav to Top  #21
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Below is Monarch's Press Release on the high trading volume. Monarch's market cap of ~C$72 million is still way too low imo considering that the two mills they own are worth around C$50 million. Cash and investments are as of 31 March 2020 is C$7,5 million. Plus CDPQ (Caisse de dépôt et placement du Québec) recently invested C$5 million in Monarch Gold and the Beaufor Mine for a drill programm.

Monarch Gold Announces The Sale By Nemaska Lithium Of 15,849,455 Monarch Gold Shares
May 15, 2020

Montreal, Quebec, Canada, May 15, 2020 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) explains yesterday’s record volume due to the sale of the 15,849,455 shares held by Nemaska Lithium in connection with its ongoing restructuring process under the Companies’ Creditors Arrangement Act (CCAA) (see press release). Nemaska no longer holds any Monarch shares.


https://www.monarquesgold.com/news-r...ch-gold-shares
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Old 05-17-2020, 02:42 AM   Nav to Top  #22
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Monarch also has a nice portfolio fo short-term investmens. Let’s hope these companies will have some exploration success in the near future…

• Unigold (TSXV: UGD): 6.5 million shares at a price of $0.115 per Share (current price $ 0.225)
• O3 Mining (TSXV: OIII): 435,000 common shares and 435,000 warrants. Each warrant entitles Monarch to subscribe for one additional common share of O3 Mining at a price of $4.20 for a period of three years following the closing of the transaction. Current price of OIII is $ 1.99
• Probe Metals (TSXV: PRB): 1,275,510 common shares. Current price of PRB is $ 1.19
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Old 05-21-2020, 03:05 AM   Nav to Top  #23
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Monarch Gold Receives Excellent Results From New Tailings Study On The Wasamac Gold Project
May 20, 2020
  • Study clearly shows that the Wasamac tailings are non-potentially acid generating (non-PAG).
  • Wasamac tailings could also lower the acidity at tailings sites of neighbouring mills (see the map).
  • Combined effect could improve the project’s economic parameters and support the lower-CAPEX custom milling scenario.
https://www.monarquesgold.com/news-r...c-gold-project

“This study is of great interest to us, as it indicates that the Wasamac tailings will be significantly less harmful to the environment than if they were acid-generating,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “In addition, the potential to neutralize acid on existing tailings facilities from Wasamac tailings suggests that Wasamac could be an obvious economic choice for several mills (see the map).”
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Old 05-23-2020, 08:57 AM   Nav to Top  #24
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A new company presentation is available. Very impressive portfolio. Current market cap is way too low imo.

Company Presentation May 2020
http://monarquesgoldfiles.com/docume...ion-PDF-EN.pdf
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Old 06-01-2020, 10:50 AM   Nav to Top  #25
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Monarch Gold Sells Fayolle To IAMGOLD For $11.5 Million
June 1, 2020
https://www.monarquesgold.com/news-r...r-11-5-million

“This is a profitable short-term transaction for Monarch, allowing us to significantly strengthen our financial position without dilution and with the potential for appreciation if the share value of IAMGOLD increases, especially in the current gold bull market,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “While Fayolle has potential, the fact remains that Wasamac is our priority project and the recent signing of the MOU with Glencore Canada (see press release dated May 14, 2020) has raised the outlook of our 2.6-million-ounce gold flagship project, which includes 1.8 million ounces of reserves. The funds from this transaction will allow us to advance the Wasamac project at a faster pace, while simultaneously pursuing exploration programs on our Beaufor and McKenzie Break properties.”
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Old 06-04-2020, 03:30 PM   Nav to Top  #26
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Besides the restart of the Beaufor Mine the clear focus of Monarch is now on the flagship project Wasamac.

Wasamac gold project
Ø Positive feasibility study (December 3, 2018)
Ø High return: $522M NPV and 23.6% IRR (all pre-tax)
Ø Solid output: 142,000 oz/year over 11 years
Ø Low cost: US$550/oz production cash costs
Ø Based on US$1,300 gold price
Ø Exploration potential in all directions
Ø Started a 2-year permitting process in December 2019

Wasamac was selected as a pilot project by the Government of Quebec to be supported throughout the permitting process by the interdepartmental table announced by Minister Julien on November 19, 2019.

CAPEX is C$464 million which can potentially be reduced by C$230 million for mill and tailings facility if they decide for custom milling as Wasamac is right next to a railway system.

Recently Monarch signed a Memorandum Of Understanding with Glencore Canada Corporation regarding "the potential use of Glencore’s Kidd concentrator (the “Concentrator”) in Timmins, Ontario for the treatment of ore to be mined from Monarch’s Wasamac gold property located in the Province of Québec".
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Old 06-11-2020, 07:56 AM   Nav to Top  #27
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Looks like the big boys want to be part of Monarch...

Yamana Gold Invests In Monarch Gold
June 11, 2020

Closing of a $5,419,800 private placement with Yamana Gold ($4.2 million), Alamos Gold ($720,000) and other investors ($499,800).
Yamana Gold will be entitled to participate in future financings to maintain its interest in the Corporation and will be represented on the Board of Directors of Monarch.

https://www.monarquesgold.com/news-r...n-monarch-gold

This strategic investment by a mining company of Yamana's calibre is tangible proof that we are on the right track. I would like to thank them for their confidence and their future contribution to our Board of Directors,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “The steps we have taken to advance our flagship Wasamac project continue to attract a great deal of interest from the mining and financial community and it is only a matter of time before we are fully appreciated. With this financing, our overall financial position now stands at more than $25 million, which will allow us to move more quickly to develop Wasamac, Beaufor and McKenzie Break, gold projects at various stages of development that each have excellent upside potential.”

Alamos has exercised its right to participate in this private placement in order to maintain its interest in Monarch by subscribing for an amount of $720,000.
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Old 06-13-2020, 07:02 AM   Nav to Top  #28
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New company presentation available - June 2020

https://www.monarquesgold.com/en/inv.../presentations

Latest News - Advancing Key Assets to Production
• June 11: Yamana Gold investment of $4.2 million
• May 20: New study shows that Wasamactailings are non-potentially acid generating
• May 14: MOU with Glencore regarding potential use of Kidd Concentrator for Wasamac
• May 13: Drilling started on McKenzie Break, Swanson and Beacon
• May 07: CDPQ invests $5 million to support potential re-opening of Beaufor Mine
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Old 06-16-2020, 12:28 PM   Nav to Top  #29
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Monarch Gold Appoints Yohann Bouchard To Its Board Of Directors
June 16, 2020

Mr. Bouchard is currently Senior Vice President, Operations of Yamana Gold Inc. He joined Yamana in October 2014. Mr. Bouchard has obtained progressively more technical and operating experience over a 24-year career in mining with a particular focus on underground and open pit operations. Prior to joining Yamana, Mr. Bouchard occupied key operating and technical positions with Primero Mining Corporation, IAMGOLD Corporation, Breakwater Resources Ltd. and Cambior Inc. Mr. Bouchard oversaw precious and base metal operations in both the Americas and in Africa. Mr. Bouchard holds a Bachelor of Mining Engineering degree from École Polytechnique of Montréal. He is registered as a professional engineer with Professional Engineers Ontario.

https://www.monarquesgold.com/news-r...d-of-directors
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Old Yesterday, 10:20 AM   Nav to Top  #30
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With the next positive news we should move above $ 0.40
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