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Cloud governance software startup Corestack lands $30M

The news: Seattle-area startup CoreStack raised a $30 million Series B round led by Avatar Growth Capital. The gist: CoreStack sells “cloud governance”…

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This article was originally published by GeekWire
The CoreStack team. (CoreStack Photo)

The news: Seattle-area startup CoreStack raised a $30 million Series B round led by Avatar Growth Capital.

The gist: CoreStack sells “cloud governance” software, helping companies manage the cost, compliance, consumption, and other aspects of their cloud infrastructure. CoreStack is a co-sell partner with Amazon AWS, Microsoft Azure, and Google Cloud.

The metrics: The startup has more than 100 enterprise customers across industries such as financial services, healthcare, retail, and more. It is governing more than $1 billion in combined cloud consumption.

The leaders: CoreStack CEO Ezhilarasan Natarajan co-founded CoreStack in 2016 after stints at Capgemini Group, Mindtree, and Texas Instruments. Other co-founders include Krishnakumar NarayananSabapathy Arumugam; and Thiruvalluvar NB.

The backers: Iron Pillar and other angels participated in the round. Previous backers include Dallas Venture Capital, former Microsoft CIO Jim Dubois, and former Wipro CEO Abidali Neemuchwala. Total funding to date is $45 million.

Author: Taylor Soper

Energy & Critical Metals

Arizona Sonoran Drills 80.9m of 1.43% Copper at Cactus Project – Shares Up 10.27%

Arizona Sonoran Copper Company Inc. [ASCU-TSX] reported assays from two drill holes (1,133.5 metres/3,718.9 feet)…

Arizona Sonoran Copper Company Inc. [ASCU-TSX] reported assays from two drill holes (1,133.5 metres/3,718.9 feet) in the Cactus East deposit as part of a 9,144-metre (30,000 ft) prefeasibility study (PFS) infill-to-indicated drilling program at the 100%-owned Cactus Mine project, 40 miles (64 km) southeast of the Phoenix, Arizona. Drilling targeted the oxide material along the periphery of the Cactus East preliminary economic assessment (PEA) underground mine plan, defining mineralization toward the East fault and gathering an understanding of the geometry of the fault.

Hole ECE-021, extended mineralization 61 metres (200 ft) east of the current mineral resource shell and is one the best oxide intercepts ever drilled at the Cactus project. The drill intercept of leachable material is considerably thicker and higher grade than predicted in the area at 99.1 metres (325 ft) at 1.28% copper TSol (total soluble) versus 48.8 metres (160 ft) at 0.54% copper TSol. Mineralization is open 122 metres (400 ft) north, toward the northwest-trending East fault. Follow-up drilling will be conducted to confirm the continuity of the high-grade zone to the north and east adjacent to the East fault.

The drilling demonstrates continuous leachable mineralization including extensions outward from the mineral resource pit shell by at least 61 metres (200 ft). Drill hole ECE-021 returned 1.4% copper TSol over 80.9 metres (266 ft) of oxide mineralization, including 2.21% copper TSol over 27.2 metres (89 ft). Hole ECE-020 returned 0.50% copper TSol over 100.9 metres (331 ft) of oxide mineralization.

George Ogilvie, president and CEO, commented: “The infill drilling to indicated mineral resource classification is a key program as we move towards the prefeasibility study, expected in mid-2022, and will underpin all future engineering work at Cactus. The initial high-grade oxide results are providing improved data points for the upcoming PFS, while also confirming that grades improve towards the East fault.”

A total of 265 holes for 72,255 metres (237,057 ft) have now been drilled into the Cactus West and East deposit. Since 2019, the company has drilled 127 of those holes for 30,468 m (99,959 ft). Forty-nine holes for 26,730 metres (87,698 ft) have been drilled into Cactus East.

The Cactus East underground oxide and enriched mineral resource contains 146 million pounds of copper at 0.95% TSol in the Indicated category and 315 million pounds of copper at 0.88% TSol in the Inferred category; any new drilling data will be used to support the PFS expected mid-2022.

Author: Staff Writer

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Energy & Critical Metals

High Voltage: Non-DRC cobalt projects in demand as prices hit 3-year highs

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, … Read More
The post High…

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.

 

In November, cobalt metal prices in Europe rose by 10.4% to punch through the $US30/lb mark for the first time since late 2018.

This late year rally is underpinned by strong demand side fundamentals, limited metal production in China, logistical bottlenecks, and a bullish outlook for battery sector demand heading into 2022, says Benchmark Mineral Intelligence.

Benchmark expects prices to rise steadily into the New Year, “with some market contacts indicating that they expect prices to break the $35/lb level before year-end”.

“Indeed, Benchmark sources have indicated that cobalt metal demand from the battery industry in Europe and Japan is set to increase substantially in 2022,” it says.


 

Cobalt customers diversifying away from the DRC

The landlocked Democratic Republic of Congo (DRC) is a global giant when it comes to cobalt production. According to the United States Geological Survey (USGS), the DRC produced 95,000 tonnes of cobalt in 2020, accounting for 68% of global output.

It’s where China – the world’s biggest consumer by far — gets ~90% of its supply.

But some high-profile supply agreements have shown that European consumers are committed to diversifying away from problematic Chinese and DRC supply chains, Benchmark says.

“To an extent, supply chain players have shown willingness to accept higher costs in order to ensure ESG targets are met, making products more appealing to global automakers,” it says.

That includes prospective Norwegian cell producer, FREYR, which signed a supply contract with Glencore for 1,500 tonnes of cobalt metal in the form of ‘cut cathode’, sourced from Glencore’s Nikkelverk refinery in Norway.

Nikkelverk uses concentrate from Canada and recycled material as feed.

“Generally, cobalt metal in the form of cut cathode has not been utilised by the battery industry for conversion into cobalt sulphate, due to extended dissolution times and therefore higher conversion costs than more conventional cobalt metal briquettes, broken cathode and hydroxide,” Benchmark says.

 

Where’s is the non-DRC cobalt coming from?

Cobalt supply is expected to be dominated by the DRC for the foreseeable future.

That underscores the importance of cobalt projects in ‘de risked’ tier 1 jurisdictions – like those owned by Jervois Mining (ASX:JRV), Australian Mines (ASX:AUZ)Sunrise Energy Metals (ASX:SRL) Queensland Pacific Metals (ASX:QPM)Cobalt Blue (ASX:COB), red hot IPO Kuniko (ASX:KNI) and Metals X’s (ASX:MLX) nickel-cobalt spin-out Nico Resources, which is gearing up to list in December or January.

NOW READ: Cobalt stocks guide: Here’s everything you need to know

 

Battery Metals Winners and Losers

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium are performing>>>

Battery metals stocks missing from our list? Email [email protected]

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % SHARE PRICE MARKET CAP
ADD Adavale Resources -10 -31 -62 -25 0.038 $ 12,987,708.88
AML Aeon Metals -8 -23 -57 -68 0.0395 $ 33,618,703.60
ALY Alchemy Resource -8 -8 -30 -41 0.011 $ 10,475,793.79
ARN Aldoro Resources -11 -18 25 153 0.405 $ 36,010,003.55
ARN Aldoro Resources -11 -18 25 153 0.405 $ 36,010,003.55
AKE Allkem Limited -10 -13 23 115 8.54 $ 5,431,717,992.72
AJM Altura Mining 0 0 0 0 0.063161 $ 214,798,472.24
ARR American Rare Earths 3 -3 101 65 0.165 $ 57,661,907.16
ATM Aneka Tambang -5 -5 5 5 1.05 $ 1,368,831.45
ASN Anson Resources -19 -28 67 209 0.105 $ 102,139,928.00
ARU Arafura Resource -8 -18 16 76 0.185 $ 271,323,033.10
AXE Archer Materials -3 -29 61 117 1.16 $ 264,896,911.49
ARL Ardea Resources 8 12 16 22 0.52 $ 69,415,109.50
ADV Ardiden 0 -15 10 -45 0.011 $ 24,763,356.59
AGY Argosy Minerals 0 -20 168 277 0.26 $ 291,300,489.87
AZL Arizona Lithium -9 -30 203 727 0.091 $ 153,533,049.83
AAJ Aruma Resources -13 -22 6 -36 0.067 $ 8,187,497.70
AOU Auroch Minerals -15 -29 -42 -29 0.11 $ 38,871,786.47
AQD Ausquest Limited -6 0 -26 -6 0.017 $ 14,834,686.01
A8G Australasian Metals -11 -38 170 0.445 $ 17,626,722.30
AUZ Australian Mines -2 -18 14 31 0.0205 $ 86,071,182.28
AVL Australian Vanadium -4 23 35 80 0.027 $ 88,598,045.86
AR3 Austrare -11 23 0.92 $ 69,405,891.67
AVZ AVZ Minerals 3 21 300 588 0.64 $ 1,818,267,564.20
AZS Azure Minerals 0 -4 18 -59 0.335 $ 96,328,073.51
BMM Balkanminingandmin -16 -45 0.375 $ 11,462,500.00
BHP BHP Group 4 11 -18 -4 40.03 $ 116,800,452,688.46
BKT Black Rock Mining 10 -6 29 150 0.22 $ 160,116,424.41
BEM Blackearth Minerals -4 -4 0 150 0.115 $ 22,826,503.04
BSX Blackstone -6 -9 49 45 0.535 $ 199,514,439.33
BOA Boadicea Resources 5 8 -20 -14 0.2 $ 15,928,478.48
BRB Breaker Res NL -12 -28 61 66 0.29 $ 92,864,664.77
BUX Buxton Resources -1 -18 -34 22 0.079 $ 11,020,489.99
CAE Cannindah Resources -16 -64 203 538 0.185 $ 89,032,517.47
CWX Carawine Resources -3 -5 -21 -34 0.185 $ 25,861,303.37
CLA Celsius Resource -15 -15 -49 -50 0.022 $ 23,187,517.78
CTM Centaurus Metals 0 2 56 81 1.03 $ 343,729,052.00
CHN Chalice Mining -2 36 1 143 9.24 $ 3,219,609,409.18
CHR Charger Metals -1 -23 0.41 $ 12,972,569.18
COB Cobalt Blue -12 -18 -4 176 0.345 $ 106,088,145.69
CNJ Conico 0 -5 16 3 0.036 $ 37,007,950.34
CZN Corazon -6 -11 -13 -45 0.033 $ 9,834,831.06
CXO Core Lithium 1 -17 104 546 0.53 $ 792,701,302.80
DEV Devex Resources -9 97 36 131 0.6 $ 164,946,583.73
EGR Ecograf Limited -21 3 6 254 0.655 $ 292,716,748.35
ESS Essential Metals -8 -27 77 101 0.175 $ 38,646,395.84
ESR Estrella Res -19 -24 -61 -79 0.025 $ 29,426,093.50
EUR European Lithium -4 -41 72 134 0.11 $ 113,449,884.24
EMH European Metals -4 -7 -4 77 1.335 $ 171,721,393.80
FFX Firefinch 17 18 107 379 0.755 $ 744,489,789.30
FGR First Graphene 5 11 -11 -9 0.21 $ 115,525,407.06
FRS Forrestaniaresources -17 -43 0.27 $ 7,854,000.00
GLN Galan Lithium -6 -16 97 310 1.415 $ 407,127,267.81
GAL Galileo Mining -13 -7 -25 -13 0.21 $ 36,207,979.08
GL1 Globallith -5 -6 109 0.565 $ 59,267,194.57
GME GME Resources -12 -23 -11 2 0.053 $ 33,857,473.43
GED Golden Deeps 8 8 0 -7 0.013 $ 10,086,068.72
G88 Golden Mile Resources 2 0 -15 4 0.052 $ 8,892,953.06
GBR Great Boulder Resources 0 -13 35 182 0.135 $ 46,440,655.17
GSR Greenstone Resources -10 4 18 -13 0.026 $ 21,791,124.60
GW1 Greenwing Resources -9 -15 37 105 0.41 $ 45,743,644.65
HNR Hannans 0 -18 435 524 0.037 $ 91,219,501.66
HAS Hastings Tech Met -8 -8 38 62 0.235 $ 399,844,863.44
HXG Hexagon Energy -1 -25 -14 23 0.079 $ 33,005,023.20
HYM Hyperion Metals 0 -10 -13 239 0.865 $ 115,775,447.53
IGO IGO -3 9 29 97 9.91 $ 7,610,541,520.65
ILU Iluka Resources 3 -2 10 52 8.66 $ 3,724,180,609.60
IPT Impact Minerals -7 -7 -13 -38 0.013 $ 26,309,333.95
INF Infinity Lithium 0 -22 161 13 0.175 $ 62,113,418.40
INR Ioneer -4 -23 79 110 0.61 $ 1,179,065,329.43
IXR Ionic Rare Earths -7 5 46 116 0.041 $ 139,088,380.07
JRV Jervois Global -2 -2 -3 54 0.52 $ 789,259,048.24
JRL Jindalee Resources -12 -20 -26 160 2.13 $ 116,323,526.90
LKE Lake Resources -5 -25 204 925 0.82 $ 932,447,770.11
LEG Legend Mining -2 -17 -63 -50 0.05 $ 137,756,786.05
LPD Lepidico -8 -6 196 381 0.0385 $ 230,156,181.06
LML Lincoln Minerals 0 0 0 0 0.008 $ 4,599,869.49
LTR Liontown Resources -21 -24 165 519 1.455 $ 3,178,310,228.03
LEL Lithenergy -15 -31 76 0.74 $ 33,075,000.00
LIT Lithium Australia NL -6 -17 -6 88 0.1125 $ 112,757,141.53
LPI Lithium Pwr Int -3 -12 128 65 0.445 $ 149,971,034.64
LOT Lotus Resources -2 -6 45 243 0.305 $ 276,596,517.36
LYC Lynas Rare Earths 5 22 64 122 8.91 $ 8,302,186,296.80
MNS Magnis Energy Tech -12 -24 60 158 0.465 $ 425,642,809.24
MAN Mandrake Res -12 -21 -82 -57 0.045 $ 22,582,351.79
MLS Metals Australia 0 25 25 25 0.0025 $ 10,477,114.72
MLX Metals X 24 34 83 421 0.495 $ 449,096,703.17
MCR Mincor Resources -2 -10 17 17 1.2 $ 576,373,358.40
MRC Mineral Commodities -13 -29 -59 -74 0.1 $ 51,894,091.50
MIN Mineral Resources -1 18 -7 29 44.69 $ 8,307,520,781.89
MMC Mitremining -5 -5 0.2 $ 5,552,445.50
MOH Moho Resources -8 2 -20 -44 0.059 $ 7,420,748.72
MRD Mount Ridley Mines 14 14 14 167 0.008 $ 42,311,506.41
NMT Neometals -3 -5 102 369 1.025 $ 570,311,451.84
NWC New World Resources -8 -17 -35 21 0.068 $ 109,499,115.02
NIC Nickel Mines -4 31 24 34 1.33 $ 3,508,465,526.15
NKL Nickelx -5 -19 -30 0.105 $ 5,811,750.00
NTU Northern Min -15 0 61 51 0.053 $ 247,605,406.27
NVADB Nova Minerals 1 -7 -13 -28 1.26 $ 214,804,507.20
OZL OZ Minerals 3 10 4 41 26.4 $ 8,851,866,433.69
PAM Pan Asia Metals -11 -16 190 223 0.42 $ 30,936,630.48
PAN Panoramic Resources -5 0 27 50 0.21 $ 430,691,940.84
PEKDA Peak Resources 21 18 -38 13 0.8 $ 142,132,523.39
PNN PepinNini Minerals -11 -33 57 150 0.425 $ 20,016,966.45
PLL Piedmont Lithium -1 -12 -14 120 0.78 $ 419,473,336.00
PLS Pilbara Min -6 0 78 231 2.36 $ 6,991,222,392.20
PGM Platina Resources -20 -18 -35 9 0.051 $ 23,456,646.47
POS Poseidon Nickel 0 2 13 29 0.088 $ 266,564,478.76
PSC Prospect Resources -3 37 294 348 0.65 $ 261,399,356.35
PRL Province Resources -8 -5 -8 996 0.1425 $ 158,152,373.54
PUR Pursuit Minerals -18 -21 -67 35 0.027 $ 23,425,347.90
PVW PVW Resources 8 3 210 210 0.465 $ 30,479,625.00
QEM QEM 0 -3 0 128 0.18 $ 19,849,083.28
QPM Queensland Pacific -10 -16 28 363 0.185 $ 223,676,166.62
QXR Qx Resources -4 -24 38 47 0.022 $ 12,888,884.10
RFR Rafaella Resources -10 -26 -37 -23 0.06 $ 12,016,772.33
REE RareX -1 4 22 -18 0.099 $ 44,707,727.20
RMX Red Mount Min -15 -15 -23 -23 0.0085 $ 13,180,124.72
RLC Reedy Lagoon -25 -33 67 114 0.03 $ 16,200,784.98
RNU Renascor Resources 0 -15 34 900 0.11 $ 198,305,746.80
RBX Resource Base -2 5 488 488 0.2 $ 7,989,517.00
RXL Rox Resources 0 0 -24 -54 0.365 $ 59,102,855.25
S2R S2 Resources -19 3 10 -32 0.17 $ 60,583,725.35
SBR Sabre Resources 0 -17 0 -50 0.005 $ 8,446,568.25
SYA Sayona Mining -15 -23 95 1382 0.115 $ 775,621,717.75
SRI Sipa Resources -2 -11 -14 -29 0.049 $ 9,841,190.54
SGQ St George Mining 5 -6 -26 -49 0.061 $ 35,940,647.16
STK Strickland Metals -3 -22 113 34 0.068 $ 80,099,692.35
SLZ Sultan Resources 0 -11 -41 -32 0.16 $ 11,125,502.24
SRL Sunrise 0 -9 -15 -31 1.755 $ 166,607,076.15
SYR Syrah Resources -6 -12 3 9 1.105 $ 546,114,521.69
TLG Talga Group -24 -28 -12 -26 1.365 $ 418,968,713.63
TMT Technology Metals -6 -16 3 -14 0.31 $ 63,135,030.90
TNG TNG Limited -17 -44 -4 -25 0.067 $ 99,966,111.98
TKL Traka Resources -14 -20 -33 -48 0.012 $ 8,709,510.52
TON Triton Minerals -3 -3 18 -22 0.039 $ 45,378,722.68
VR8 Vanadium Resources -9 -18 19 152 0.063 $ 29,332,967.19
VMC Venus Metals 0 -3 -16 -20 0.175 $ 27,194,162.94
VIA Viagold Rare Earths 0 0 2339 10426 2 $ 166,624,808.00
VML Vital Metals Limited -7 -4 -10 44 0.052 $ 212,439,637.28
VRC Volt Resources -4 -4 -18 135 0.027 $ 69,583,206.03
VUL Vulcan Energy -6 -21 20 360 9.79 $ 1,137,856,640.55
WKT Walkabout Resources 0 -3 3 15 0.19 $ 74,989,655.48
KNI Kuniko 8 -34 42 42 1.21 $ 49,980,000.00

 

The post High Voltage: Non-DRC cobalt projects in demand as prices hit 3-year highs appeared first on Stockhead.









Author: Reuben Adams

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Base Metals

Copper’s Essential Role in Protecting Public Health

Copper can kill up to 99.9% of bacteria on surfaces within two hours of exposure and slow the spread of diseases.
The post Copper’s Essential Role in…

The following content is sponsored by Teck

Copper’s Essential Role in Protecting Public Health

Copper’s Essential Role in Protecting Public Health

Every day, high-touch surfaces present health risks to people in public spaces, and especially the most vulnerable in healthcare. In fact, of every 100 hospitalized patients at any given time, seven will get at least one healthcare-acquired or “hospital infection”.

With naturally antimicrobial properties, copper can kill up to 99.9% of bacteria on surfaces within two hours of exposure and slow the spread of diseases.

In this infographic from our sponsor Teck, we explore copper’s bacteria-fighting abilities and its crucial role in public health.

How Copper Kills Bacteria

Due to its powerful antimicrobial properties, copper kills bacteria in sequential steps:

  • First, copper ions on the surface are recognized by the bacteria as an essential nutrient and enter cell.
  • Then, a lethal dose of copper ions interferes with normal cell functions.
  • Finally, the copper binds to the enzymes, impeding the cell from breathing, eating, digesting, or creating energy.

This rapid killing mechanism prevents cells from replicating on copper surfaces and significantly reduces the amount of bacteria living on the surface.

Antimicrobial copper is effective against bacteria that causes common diseases like staph infections and E. coli that causes foodborne illness. The metal continuously kills bacteria and never wears out.

Besides bacteria, researchers are currently studying copper’s impacts on the virus that causes COVID-19. A previous study suggested that SARS-CoV-2 was completely destroyed within four hours on copper surfaces, as compared to 24 hours on cardboard, and up to three days on plastic and stainless steel. Pre-pandemic studies also demonstrated copper’s ability to kill other coronaviruses.

The Applications of Antimicrobial Copper

Institutions around the world have already deployed antimicrobial copper solutions relating to hospitals, fitness centers, mass transit systems, schools, professional sports teams, office buildings, restaurants, and more.

To date, antimicrobial copper has been installed in more than 300 healthcare facilities around the world. Taking the reduced costs of shorter patient stay and treatment into consideration, the payback time for installing copper fittings is only two months, according to an independent study by the University of York’s Health Economics Consortium.

In Canada, Teck has worked with its partners to install antimicrobial copper coatings on high-touch surfaces in hospitals, educational buildings and transit.

The Stanley Cup champions Los Angeles Kings have installed antimicrobial copper surfaces in their strength and training facility in California. Furthermore, over 50 water bottle filling stations made from antimicrobial copper can also be found throughout the Hartsfield-Jackson International Airport in Atlanta.

Copper’s Role in Public Health

While many hospitals and other institutions are already using copper fittings, others are still not aware of its impactful properties.

As awareness increases, copper can become a simple but effective material to help control the spread of infections.

The post Copper’s Essential Role in Protecting Public Health appeared first on Visual Capitalist.


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