{"id":1167939,"date":"2020-02-26T08:10:15","date_gmt":"2020-02-26T14:10:15","guid":{"rendered":"https:\/\/www.mining.com\/?p=1015039"},"modified":"2020-02-26T08:10:15","modified_gmt":"2020-02-26T14:10:15","slug":"max-transfers-rights-in-pge-project-to-new-colombian-subsidiary","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1167939","title":{"rendered":"Max transfers rights in PGE project to new Colombian subsidiary"},"content":{"rendered":"<p>Max Resource (TSXV: MXR) announced that it established a wholly-owned subsidiary named PGE Americas Metals Corp. and transferred all of its rights in the PGE Choc\u00f3 project in northern Colombia. <\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>In a press release, Max explained that this is the first step towards building a portfolio of PGE assets with a targeted focus on palladium, platinum and rhodium in order to capitalize on technology metal deficits. <\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Colombia was the world&#8217;s main source of platinum until 1820 and was the largest producer between 1917 and 1923<\/p>\n<\/blockquote>\n<\/figure>\n<p>&#8220;Current demand for palladium, platinum and rhodium outstrips supply and increasingly stringent environmental regulations are forcing automakers to use more of these metals,&#8221; Brett Matich, CEO of the Canadian company, said in the media brief. &#8220;We are adopting a sum of the parts strategy in creating a PGE metals subsidiary and consequently compounding shareholder value.&#8221; <\/p>\n<p>The PGE Choc\u00f3 project is located 120 kilometres southwest of the city of Medell\u00edn, within a historical PGE region whose records state that one million ounces of platinum were produced. <\/p>\n<p>In addition to this, a 2019 field program carried out by Max yielded highlight concentrate values of 114 g\/t platinum. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Vancouver-based miner said it wants to capitalize on the current demand for palladium, platinum and rhodium.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167939"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1167939"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167939\/revisions"}],"predecessor-version":[{"id":1168001,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167939\/revisions\/1168001"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1167939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1167939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1167939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}