Close menu

June 16th, 2023 | 07:00 CEST

Defiance Silver Corp., BASF, Ballard Power - Precious metals drive renewable energy to peak performance

  • silver
  • GreenTech
  • Battery
  • usa
  • basf
Photo credits:

Silver is essential to booming industries and is characterized by high conductivity of heat and electricity. Defiance Silver Corp., a Canadian exploration company, has achieved the broadest and highest-grade mineralization to date in its drilling at the San Acacio project in Mexico. Results from 4 of the 6 drill holes confirm the promising potential in the Veta Grande area. Meanwhile, BASF is collaborating with a Chinese green shipping partner to deploy its onboard CO2 capture system for decarbonization. Ballard Power is considering just the opposite. The Canadian battery manufacturer has doubts about China being a reliable partner. The call for money in the form of government subsidies makes them hesitant.

time to read: 4 minutes | Author: Juliane Zielonka

Table of contents:

    Humphrey Hale, CEO, Managing Geologist, Carnavale Resources Ltd.
    "[...] Our projects are at the initial, high reward exploration stage. [...]" Humphrey Hale, CEO, Managing Geologist, Carnavale Resources Ltd.

    Full interview


    Sensational silver discovery in Veta Grande: Defiance Silver Corp. achieves largest drilling result to date

    Silver is a valuable metal for current booming industries. Silver is known for its high thermal and electrical conductivity and is used in batteries, LED chips, semiconductors, and touch screens, as well as in medical technology, photovoltaics, and water treatment, just to name a few examples. The largest silver deposits are mined in Mexico (128 million ounces), Peru (116 million ounces) and China (99 million ounces).

    Defiance Silver Corporation is a junior exploration and development company based in Vancouver. In Mexico, the team has projects in the states of Zacatecas and Michoacán. Defiance is focused on the development of gold-copper mineral resources and silver deposits. The Zacatecas project areas are between the municipalities of Veta Grande, Sauceda de la Borda and Panuco. There is access to water and electricity, so drilling is proceeding smoothly at Veta Grande.

    Now Defiance has the results of 4 drill holes from a total of 6. Drilling has intersected the highest grade strength and the broadest mineralization to date at the San Acacio Project. Drill hole DDSA-23-66 returned the greatest width to date: 41.83 metres grading 157.30 g/t silver (from 225.60 m to 267.43 m), including 15.96 m grading 379.90 g/t silver (from 251.47 m to 267.43 m). Within this interval is a sub-interval grading 5510 g/t Ag or 6014 g/t AgEq silver from 265.54 m to 265.80 m. The Defiance team is pleased with these encouraging results, which confirm the hypothesis that additional very high-grade mineralization is present in the Veta Grande area.

    "We are extremely encouraged by the continued success of our drilling campaigns at the San Acacio Project. As a result of careful targeting and modeling work leading to several successful phases of drilling, our technical team has demonstrated the continued potential for a large mineral system within the historic San Acacio mine area on the Veta Grande vein system." Chris Wright, Chairman & CEO.

    Joint Venture: BASF and CPGC accelerate development to reduce CO2 from shipping

    Chinese Marine Service Group CGPG and BASF are collaborating to accelerate the development of an onboard CO2 capture system for shipping. The goal is to provide green and low-carbon solutions. The partnership promotes the sustainable development of the global shipping industry. The Memorandum of Understanding (MoU) was signed during the Shanghai International Carbon Neutrality Expo 2023 to seal the partnership.

    The joint venture aims to meet the growing demand for the decarbonization of ships. The companies will conduct tests on various types of marine fuels and engines. BASF will use its innovative OASE® blue technology for this purpose. OASE® blue is an efficient gas treatment technology with low energy consumption, minimal solvent loss and high flexibility. It is specifically designed to manage impurities in flue gases from fossil-fueled power plants, steam reformers, waste incinerators and the cement industry.

    OASE® products contribute to sustainability in the value chain and provide efficient gas treatment. Likewise, they conserve resources, reduce emissions, and save energy. International shipping accounts for 90% of global trade in goods, generating approximately 1 billion tons of CO₂ per year, or about 2.5% of global greenhouse gas emissions.

    Ballard Power: Reconsiders expansion in China, sites in US and Europe more enticing

    **Ballard Power Systems, a Canadian fuel cell manufacturer, is reconsidering a EUR 90 million investment in China due to growing tensions and the risk of a "geopolitical meltdown." This week, CEO Randy MacEwen announced that he is working with consulting firm Deloitte to compare Ballard's current investment plans in China with potential options in Europe and the United States. This will include a review of whether a revision of the plans should be considered.

    Political uncertainties in China and the current generous policy incentives supporting hydrogen and fuel cell vehicles in the US and Europe have the battery maker hesitant.

    The temptation for the US as a location is increasing due to government-funded support under the Inflation Reduction Act. The US introduced the Inflation Reduction Act (IRA), a EUR 680 billion investment program that includes measures to combat climate change, a shift to renewable energy and extensive new tax regulations. Europe remains Ballard Power's largest market, accounting for nearly two-thirds of sales in the most recent quarter.

    "I think it is important to secure manufacturing and supply chains so that in the event of a geopolitical collapse, if the plants in China are no longer addressable or the supply chains in China are no longer addressable, there is an alternative," MacEwen stresses. Shares of Ballard Power are seeing a bullish jump this week after the Company announced plans to cut costs and ramp up production of a key component.

    On the less risky side are investors who are committed to starting the precious metals value chain in countries that are democratically run. Defiance Silver Corp. has huge potential to produce silver soon, thanks to recent drill results. It is impossible to imagine modern industry without silver. It is used in particular in batteries produced by Ballard Power, for example. The Canadian fuel cell company is currently hesitant to implement a EUR 90 million investment for a factory plant in China. The painful experience of the supply chain failures triggered by COVID and the associated lockdowns and similar measures is still too strong. The US and also Europe entice with location advantages. BASF, on the other hand, is betting on the People's Republic and cooperating with the marine company CPGC to shape the future of green shipping. It remains to be seen whether this will already pay off for shareholders.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.

    Der Autor

    Juliane Zielonka

    Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.

    About the author

    Related comments:

    Commented by André Will-Laudien on August 21st, 2023 | 07:00 CEST

    The correction wave is rolling: Adyen, Almonty Industries, Nel ASA - is a 100% turnaround quickly possible?

    • Mining
    • Tungsten
    • GreenTech
    • renewableenergies

    Looking back, 2023 has been an exceptionally good stock market year. However, there has been no noticeable momentum for a few weeks now; instead, major players are trying to maintain the high level. However, the profit warnings are piling up, which we should have received for months, given the economic weakness. But the executives are taking time to lower their forecasts, hoping things improve. The fact that stocks still trended upward for months despite huge interest rate increases is due to the reawakened NASDAQ bull market with the trending topics of Artificial Intelligence and Greentech. But just hoping for falling interest rates is not enough. Now sentiment has also turned, and prices are falling. Time for us to take a look at some of the "Fallen Angels". Who will manage the turnaround?


    Commented by Stefan Feulner on August 14th, 2023 | 07:00 CEST

    Plug Power, dynaCERT, Varta - Optimistic about the future

    • Hydrogen
    • GreenTech
    • greenhydrogen
    • renewableenergies

    Amid global efforts to meet climate targets, renewable energy has established itself as the centerpiece of the energy transition. Since the beginning of the decade, listed companies in this sector have felt a tailwind fueled by billions in subsidies from policymakers. But the current horizon is cloudy. Unexpected delays and deep red figures dominate the scene. Nevertheless, drastically lower market valuations could open the door to potential long-term returns for investors.


    Commented by André Will-Laudien on August 1st, 2023 | 08:20 CEST

    Which now? Battery power or hydrogen? BYD, Altech Advanced Materials, BASF, Nikola Motors

    • Hydrogen
    • GreenTech
    • Electromobility
    • Batteries
    • fuelcell

    The question of what future mobility will look like has yet to be entirely resolved. Currently, the governments in office are propagating the electric drive. However, after the fire on the "Fremantle Highway" in the North Sea, the question of the safety of the Li-ion batteries currently in use has arisen again. And who will pay for the EUR 500 million damage to the wrecked freighter? This does not even take into account the possible ecological inferno for the North Sea. EV batteries are expensive and require enormous resources to produce, yet there is no legal obligation to dispose of used batteries properly. Very short-term thinking, but Berlin is currently shining on issues of a curious nature. Where are the opportunities for us investors?