Tantalum & Niobium Project in Canada, But Will the Metallurgy Work? | Capacitor Metals CEO Interview

**Antonio** (0:00)
This video is sponsored by Terrahutton, who makes the invisible, investible. Today in the CEO BBQ, early stage tantalum and niobium exploration in British Columbia, together with Capacitor Metals. But if you're short on time, subscribe to our free newsletter, and once a week, we'll send you a five-minute summary of all interviews we put out, resourcetalks.com for a free weekly newsletter. Now, although this company has not paid us for the production of this video, you should still understand that we are not financial advisors, and this is not intended as financial advice. It is a broad, general, and impersonal piece of information intended only for those who know and understand the risks of junior mining, of which there are many. Before moving on, read the company's official filings on Sitterplus.ca and do your own due diligence. Pause the screen and read all the disclaimers I've shown you because your capital is at risk. If this isn't clear, go to the last section of this video for a longer explanation of the risks and biases, and do not consume this content if you don't agree with everything said therein. Moving on, Capacitor Metals is actually a private company still, as of yet, and they picked up the Blue River Tantalum niobium project in BC in mid-2024. It's been about two years now from commerce resources in exchange for 20 million shares. More specifically, the main asset sits in East Central BC and North Thompson River Valley right beside Highway 5 and roughly 60 kilometers south of Fairmont, if I'm pronouncing that correctly, which I probably am not, but we'll talk about that. This is a carbon and tide hosted tantalum and niobium system in ferro columbine and pyrochlor with three known deposits and more than 20 additional targets that are untested, some of which we'll talk about today.
Commerce did a resource on this thing, so the prior company did a resource on this thing a while back too, I believe it was in 2013, so it's considered historic right now for Ni43-101 purposes, but it has an indicated resource of 48.4 million tons at 197 ppm Ta2O5, and it's got 1600 ppm niobium, so Nb2O5 as well, plus a smaller inferred portion on it. Earlier work by Commerce, which included 271 holes on the upper fur deposit and roughly $34 million in spending resulted in a PEA as well in 2011, I believe. But again, that study and the resource, they're historic and have sat untouched for more than a decade since, which is what's curious. It makes me wonder in something that I'll be asking about later on in the conversation. Since taking ownership, Capacitor has not drilled or carried out any new fieldwork as far as I could tell on the ground either, which is something that I hope to touch upon as well. The historical exploration permit expired in 2012 as well. Some of the access roads seem to have grown over since then, and the company has yet to begin engagement with the First Nations as well.
They've got traditional territory covering the property.
That too is something that I'm hoping for some more clarity on later on. What they are doing right now though, is a scoping study that is meant to refresh the old PEA, and they also want to run a pilot plant on the historical material, which I'll be asking about in the conversation as well. Now, this is typically where I run you through the numbers, and the ticket symbol, and the details, and the share structure, and all that. But again, this is a private co-still, so you don't have to suffer hearing me go through all that any longer. Instead, I get to shut up already, and Chris, I'll give you the word here. But first of all, thank you for sitting down with me today.

**Chris Grove** (3:37)
It's a pleasure, Antonio. Thank you for hosting me on CEO BBQ, and I'm happy to be on the grill today. Happy to speak to you at length.

**Antonio** (3:48)
I'm looking forward to pretending that I know what I'm talking or asking about when we talk about Tantalum and Niobium later on, because I don't really, but let's maybe set the stage before we do any of that with your broader plan for this company as a whole. Again, it's a private call right now, mostly reworking historic data. What do you want to do with this thing? What's the business plan? You want to update the resource and then go public, or do you want to stay private and eventually get into production? What do you want to do?

**Chris Grove** (4:14)
Well, it's a mix of those things. We do want to get the project into production, and I do look forward to digging a little deeper into the actual commodities, tantalum and niobium, and their essential uses in the modern world today.