Agoracom Blog

Medical marijuana could be covered by insurance, experts say

Posted by AGORACOM-JC at 5:38 PM on Monday, July 27th, 2015

New rules allowing the sale of cannabis oil smooth way for more controlled prescription of drug

  • Canadians who have been prescribed medical marijuana could one day see their insurance company footing the bill, experts predict, following the introduction of new Health Canada rules that allow for the sale of cannabis oils.

By Alexandra Posadzki, The Canadian Press Posted: Jul 27, 2015 10:30 AM ET Last Updated: Jul 27, 2015 2:21 PM ET

If marijuana had a DIN number, like other drugs, insurance companies might cover the costs.If marijuana had a DIN number, like other drugs, insurance companies might cover the costs. (Siavash Dezvareh/CBC)

Health Canada announced revamped medical marijuana regulations earlier this month after the Supreme Court of Canada ruled that users of the drug should be permitted to consume it in other forms, such as oils and edibles, rather than having to smoke dried buds.

“You’re going to see insurance companies slowly start to creep into the sector,” says Khurram Malik, an analyst at Jacob Securities Inc., noting that the new regulations will allow medical marijuana producers to sell gel caps similar to those made from cod liver oil.

That will allow for more precise dosing, Malik says.

“When you’re trying to smoke a plant you have no idea how much you’re consuming, so that makes doctors a little nervous,” he said.

Legitimizing the drug

Experts say the changes are a major step towards legitimizing the drug in the eyes of doctors and insurers.

“When something doesn’t look different than other medicines, it becomes much easier for people to get comfortable with the idea that this is, in fact, a possible treatment option for patients,” says Bruce Linton, the chief executive of Smiths Falls, Ont.-based Tweed Marijuana Inc.

However, medical marijuana producers still have one major hurdle to overcome before insurers begin routinely funding the drug — cannabis currently doesn’t have a drug identification number, known as a DIN.

“If it was issued a DIN by Health Canada, it’s quite likely that the insurance companies would cover it,” says Wendy Hope, a spokeswoman for the Canadian Life and Health Insurance Association Inc.

“To obtain a DIN, the new form of medical marijuana would need to go through the full Health Canada approval process like any new drug.”

As it stands, most insurance companies don’t routinely cover medical marijuana. But some insurers, including Manulife, say they will consider making an exception if the employer has specifically requested it for one of its employees.

Up to the employer

“It’s up to the employer to ask if they want to have it covered,” says Hope.

Earlier this year, Sun Life agreed to pay for a University of Waterloo student’s medical marijuana prescription through his student health plan after the student union went to bat for him. Jonathan Zaid, 22, uses the drug to combat a syndrome called new daily persistent headache.

Some health insurance companies may pay for medical marijuana through a health spending account, says Hope. But, she adds, “my understanding is it doesn’t happen often.”

Malik says the primary reason why medical marijuana doesn’t have a DIN is a lack of rigorous, clinical research on its efficacy.

“The evidence is very circumstantial — not your typical 10-year, double-blind study that doctors and big pharmaceutical companies like to see,” Malik said.

He suspects that’s about to change.

Need for DIN numbers

“You’re going to see a lot of Canadian companies partnering up with universities overseas that are a little more progressive than the ones we have here, at least in this space, to drive this research forward and legitimize it in the eyes of doctors and get DIN numbers on these things,” Malik said.

Malik says there is a financial incentive for insurers to pay for medical marijuana, rather than shelling out for pricier chronic pain drugs such as opiates.

“From a dollars and cents standpoint, if marijuana is the same thing as a narcotic opiate, they would much rather cover marijuana because they’re in the business to make money,” Malik said.

Source: http://www.cbc.ca/news/business/medical-marijuana-could-be-covered-by-insurance-experts-say-1.3168940

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Lithium demand from Electric Vehicles, “EVs,” alone could grow 30% annually for years to come

Posted by AGORACOM-JC at 12:38 PM on Thursday, July 23rd, 2015

Lithium demand from Electric Vehicles, “EVs,” alone could grow 30% annually for years to come

Jul 17, 2015 | Posted by: Peter Epstein

 

  • Conventional wisdom seems to say that overall lithium demand will grow by 8%-12% annually
  • Everything’s going electric, lithium-ion batteries large & small will reign supreme

A short time ago, manufactures released hybrid gasoline-electric cars so that they could claim to be green companies. That has completely changed, now the race is on for market share, volumes and profits.

I’m on record as stating that demand for lithium will grow faster than most believe. Conventional wisdom seems to say that overall lithium demand will grow by 8%-12% annually. I understand why that range has been adopted, it’s already a fast growth rate by historical standards. Commodity and natural resource demand is frequently said to increase at, “the rate of GDP growth.” I wonder which country’s GDP rate is being referred to, hopefully not the U.S. A prime reason for my bullishness on lithium demand, with overall growth closer to 20% a year, is that Tesla is attracting A LOT of attention and competition. I will spare readers the obligatory rattling off a list of Tesla’s growing competition. But there’s much more to the story than Tesla.

I believe that hybrid and plug-in hybrid vehicles will be phased out sooner rather than later. Any manufacturer that can’t deliver a full EV within the next 2-4 years might as well start working on flying cars, previously known as airplanes. This paradigm shift to EVs is not 5-10 years away, it’s right around the corner. Hundreds of millions or even billions of dollars are deployed on new car platforms, why would it be any different for the builders of EVs? A short time ago, manufactures released hybrid gasoline-electric cars so that they could claim to be, “green” companies. That’s completely changed, now the race is on for market share, volumes and profits.

RANGE ANXIETY!!

“Range anxiety.” That’s the cool way of saying that prospective buyers of EVs are on the fence, until they’re confident that a massive infrastructure of electric charging stations is in place. Guess what? That’s nonsense. According to the U.S. Department of Transportation, average daily driving per capita is about 40 miles. Commuters that drive 100-150 miles or more round trip are the exception, not the rule. Does 40 miles per day sound too low? That’s the U.S. average, the range around that average is probably fairly large. Take for example city dwellers that don’t drive daily.

If one were talking about natural gas stations, “range anxiety” would be a serious concern. Recall that T. Boone Pickens has been calling for the replacement of gasoline and diesel fueled cars with cleaner burning natural gas. In that highly unlikely scenario there would have to be a huge build out of natural gas stations. Not so with EVs. Electric Vehicles won’t require an epic rollout of thousands upon thousands of charging stations. As EVs evolve, there will be dozens of models with driving ranges in excess of 100 miles. By then, range anxiety will disappear. Instead of searching for a charging station, one’s garage electricity outlet will do the trick.

Everything’s going electric, lithium-ion batteries large & small will reign supreme

Admittedly there are occasions when long distances are called for. In this circumstance, let’s assume that a gasoline powered vehicle remains the best alternative. That still allows for EVs to potentially become 1 of the 2 vehicles in a suburban family. That equates to a staggering amount of lithium demand without the need of ubiquitous charging stations. The same will be the case for bikes, motorcycles, mail delivery vehicles and buses, (among others). That’s why I believe that the annual growth rate of lithium demand for EVs alone could be as high as 30%, a tripling in 5 years. If the fastest growing segment were to triple (30% growth annually from 2016-2020), that suggests 20% overall demand growth for lithium is not a crazy assumption.

Without range anxiety, EVs will become ubiquitous, not charging stations! This is especially true given that Nissan, Ford, GM and Toyota, (among others) will be coming out with a number of inexpensive EVs with price tags in the $20k-$25k range sooner rather than later. That’s before considering favorable State and/or Federal tax treatment. Importantly, the lower price point EVs will not necessarily use less lithium. Not if they want to achieve high milage per charge. Miles per charge will be a key determinate of customer preference. Note that inexpensive EVs will benefit as much as high end EVs, from lower annual operating expenses by plugging in instead of filling up.

Dajin Resources Corp. (DJI.V) / (DJIFF) a high risk / high return opportunity

While the available supply of lithium is difficult to forecast, and will come on-stream unevenly, demand growth for EVs alone could be two or three times that of today’s consensus. Clearly, the demand for lithium will be lower or higher than expected. Readers probably know which side of the coin I’m betting on. That’s why I like a small cap, pure-play lithium company named Dajin Resources Corp. (DJI.V) (DJIFF). Combined U.S. and Canadian trading volume is averaging roughly 625,000 shares per day. The company has no debt and a solid balance sheet. Warrant exercises have been helping to maintain adequate cash balances.

Taking a contrarian view by being substantially more bullish on lithium demand from EVs, calls for an investment approach that differs from those who follow the crowd. Following the crowd is prudent if conventional wisdom prevails. However, for those like me who believe overall demand for lithium could grow by 20% annually, (30% for EVs alone), a way to articulate a bullish position is through juniors such as Dajin Resources. Taking a contrarian view entails both higher risk and higher reward. Unlike following the crowd though, an investment in Dajin Resources could play off quite handsomely. With properties in both Nevada’s Lithium Hub, located approximately 12 km northeast of Rockwood’s decades long Nevada operations and a very large land position in Argentina’s, Lithium Triangle. This company’s tock is strongly positioned to move considerably higher upon an increase in lithium prices and/or a rebound in the morbid TSX Venture Exchange.

Disclosure:

Dajin Resources (ticker DJI.V) (DJIFF) – Mr. Epstein owns shares of this company. Investors should consult with their own advisors before making investment decisions. Mr. Epstein is not an investment advisor. The article on this company on EpsteinResearch.com should be viewed in this context. This company is highly speculative and not suitable for all investors. As of [5/1/15] Dajin Resources is a Sponsor of EpsteinResearch.com on a month-to-month basis.

Read more at: http://www.miningfeeds.com/2015/07/17/lithium-demand-from-electric-vehicles-evs-alone-could-grow-30-annually-for-years-to-come/#sthash.qvlZyaHW.dpuf

The Molycorp Bankruptcy – Doom or Dawn for Rare Earth Elements?

Posted by AGORACOM-JC at 4:29 PM on Wednesday, July 22nd, 2015

  • Recent bankruptcy (chapter 11) filing by Molycorp prompted many comments about the future of this market sector.
  • Rare earth elements are key components in almost all technology products these days, ranging from smartphones and flat screen TVs to all sorts of electric motors, high performance metal alloys and even automotive catalysts.
  • “If anything, Molycorp’s troubles are a good thing for prices”, commented Matthias Rueth, president of Tradium GmbH, a large REE trader. In fact, because there is so little substitution, the market for REEs is not elastic at all in terms of demand.

By Kitco News
Tuesday July 21, 2015 10:19

The recent bankruptcy (chapter 11) filing by Molycorp, the U.S.’ only producer of rare earth elements, prompted many comments about the future of this market sector. Once an icon for independence from China for these crucial materials the company now appears to have fallen victim to a sustained period of low prices.

Rare earth elements are key components in almost all technology products these days, ranging from smartphones and flat screen TVs to all sorts of electric motors, high performance metal alloys and even automotive catalysts.

Image courtsey of Molycorp

Analyst comments that Molycorp’s demise was in part due to substitution of rare earth elements are lacking substance, though. Despite statements by Tesla published a while ago saying the electric motors used for propulsion of their Model S are free from REEs, there are plenty of REEs in many other places of the car (power windows, power tailgate, electric seat adjustment, power mirrors, speakers, cameras, sensors,… ect.).

Even comments talking about “the end of the line” for Molycorp seem inaccurate. Only the company’s North American operation is affected by the chapter 11 filing; plants in other parts of the world remain untouched, at least for the time being. The company also reports on its website that short-term financing has been obtained, making a debt restructuring plan and return to normal operation a possibility.

“If anything, Molycorp’s troubles are a good thing for prices”, commented Matthias Rueth, president of Tradium GmbH, a large REE trader. In fact, because there is so little substitution, the market for REEs is not elastic at all in terms of demand. After the price explosion in 2010, more new operations were encouraged to add capacity than was healthy for the market. As a result, prices plummeted in subsequent years to all-time lows.

Recent months did, however, see a much improved conscience in China with respect to environmental and safety issues leading to higher production costs that are now more in line with international levels. On top, China restructured its taxes and tariffs to comply with WTO rulings. The country also shut down some illegal mines, leading to increased legal export volumes. All signs indicate that China is regaining control over this market, which – if successful – would have a positive impact on prices.

Markets will continue to be cyclical but growing. The premise remains: in the absence of non-physical markets for REEs, investing in this exciting group of metals will remain a matter of long term strateiges.

Bodo Albrecht
President – BASIQ Corp.
www.basiq.com
www.bodoalbrecht.com

Source: http://www.kitco.com/news/2015-07-21/The-Molycorp-Bankruptcy-Doom-or-Dawn-for-Rare-Earth-Elements.html

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Xylitol Canada Provides Corporate Update on Xylose Plant Initiatives

Posted by AGORACOM-JC at 9:20 AM on Wednesday, July 22nd, 2015

  • Company Appoints Dr. Anjana Meel Project Manager as project enters detailed engineering
  • We are now pleased to be in the final stages of plant development. We felt this would be a prudent time to issue a corporate update to share our progress with the markets.” Commented Andrew Reid, CEO of Xylitol Canada Inc.
  • Xylitol Canada’s consumer packaged goods division is based in Denver Colorado and has grown from under $500,000.00 in revenue in 2010. To over $8,600,000.00 in 2014.

TORONTO, ONTARIO–(July 22, 2015) - Xylitol Canada Inc., (TSX VENTURE:XYL) an innovator in xylose extraction and xylitol sweetened consumer packaged goods is pleased to announce that the Company is entering its final phases of engineering for its planned xylose production facility.

Xylitol Canada has been committed to developing a production scale xylose facility since going public in 2010. Throughout the past 5 years we have continued to optimize our technology, identify key commercial partners, and we are now pleased to be in the final stages of plant development. We felt this would be a prudent time to issue a corporate update to share our progress with the markets.” Commented Andrew Reid, CEO of Xylitol Canada Inc.

Xylitol Canada operates 2 business units that address the growing xylose and xylitol markets. Xylitol Canada’s consumer packaged goods division is based in Denver Colorado and has grown from under $500,000.00 in revenue in 2010. To over $8,600,000.00 in 2014. Xylitol Canada operates a 50,000 square foot xylitol facility where it produces and packages a full catalog of natural sugar free products, most notably its natural sugar alternatives. Through this Denver based facility, the Company services major retail customers such as Loblaws, Whole Foods, Costco, Sprouts, and many others.

The Company attributes its continued revenue growth to negative pressure on artificial sweeteners such as aspartame, as well as increasing negative reporting on refined sugar and high fructose corn syrup. With negative sentiment contracting consumption in these two categories, natural sugar alternatives such as xylitol have been able to gain market share and satisfy increasing consumer demand.

Separately, Xylitol Canada has continued to develop and optimize innovative technology to extract xylose and other high value bio-chemicals from sustainable hardwood sources. These materials are the building blocks for xylitol and other high value bio-chemicals. Since 2010, Xylitol Canada has conducted lab scale, pilot scale, and commercial scale trials using feedstock from major commercial partners worldwide. Currently, the Company is pleased to announce that its first commercial scale xylose plant is in advanced stage planning and development.

In September 2014, Xylitol Canada appointed Roche Engineering to facilitate preliminary engineering of the Company’s first commercial plant. This plant initiative comes on the heels of 2 years of site specific trials and commercial negotiation with a key feedstock supplier.

Process optimization has continued since the Roche appointment and recently culminated in commercial grade xylose samples being produced in early 2015. These xylose samples were distributed to prospective industry partners for evaluation and the quality was universally accepted as meeting or exceeding the highest North American food grade specifications.

Currently Xylitol Canada is completing preliminary engineering and is prepared to go to detailed engineering in October 2015. Working alongside Roche, a GANTT chart has been prepared that has Xylitol Canada breaking ground on this production facility in March of 2016 and tentatively completing the project in early Q1 2017. As such, the Company recently appointed Dr. Anjana Meel to spearhead the project management.

Dr. Meel has more than twelve years of experience in research, process development, and technology transfer at various companies including Dow Chemical Company and Cool Planet Energy Systems. Dr. Meel earned a Bachelor’s in Chemical Engineering from the Indian Institute of Technology and PhD in Chemical and Bio-molecular engineering from the University of Pennsylvania.

Dr. Meel has been working closely with Xylitol Canada’s engineering firm, Roche, on bringing the project through the final stages of basic engineering and into the detailed engineering phase.

Xylitol Canada is currently an applicant for several federal and provincial grants to help fund the xylose plant. Furthermore, Xylitol Canada has engaged private market project finance partners, and is working with the Canadian Capital markets to secure financing for the project.

Xylitol Canada will provide project updates to the market as milestones are crossed throughout the coming phases of the project.

About Xylitol Canada Inc.

Xylitol Canada markets xylitol and xylitol based-products and is focused on becoming a major low-cost manufacturer of xylitol and related products, serving the global market from operations in North America. Xylitol Canada’s business strategy is to leverage novel proprietary technology and processes to become North America’s premier manufacturer of low cost, high quality xylitol from readily available environmentally-sustainable biomass. Xylitol is a natural sweetener which is marketed globally including Canada and the United States and is accepted by the American Food and Drug Administration, the World Health Organization and the American Dental Association. Xylitol contains 75% less carbohydrates and 40% less calories than sugar, has a myriad of oral health benefits including the prevention of tooth decay and is safe for diabetics. To date, wider spread use of xylitol has been limited by the lack of a reliable, low cost, high quality supplier.

Forward Looking Statements

This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Xylitol Canada to be materially different from any future anticipated results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Such forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the ability of Xylitol Canada to obtain necessary financing; the development of and demand for xylitol products; production of a commercial scale production facility; the economy generally; consumer interest in the services and products of Xylitol Canada; competition; and anticipated and unanticipated costs. While Xylitol Canada anticipates that subsequent events and developments may cause its views to change, Xylitol Canada specifically disclaim any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing Xylitol Canada’s views as of any date subsequent to the date of this press release. Although the Xylitol Canada has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The factors identified above are not intended to represent a complete list of the factors that could affect Xylitol Canada. Additional factors are noted under “Risk Factors” Xylitol Canada’s financial statements and related management’s discussion and analysis.

Xylitol Canada Inc.
Andrew Reid, CEO
(416) 288-1019(416) 288-1019(416) 288-1019(416) 288-1019

Investor Relations:
Matt Willer
(303) 991-1999(303) 991-1999(303) 991-1999(303) 991-1999
IR@xylitolusa.com

 

CLIENT FEATURE: Urban Barns (URBF: OTCQB) Capitalizing on Evolution of Cubic Farming

Posted by AGORACOM-JC at 2:31 PM on Monday, July 20th, 2015

URBF: OTCQB

What is Cubic Farming?

  • A revolution in Controlled Environment Agriculture (CEA)
  • Propriety, patent-pending, looped conveyer growing system
  • Advanced uniform LED technology
  • Automated watering and nutrients
  • Optimal conditions for crops to transition from seeds to maturity through pre-set germination, growing and harvesting phases.

Why Urban Barns Foods?

  • Unknown story due to no previous IR = best opportunity to get in
  • Tier-1 Customers = Commercial Acceptance
  • 320 square feet = 3 acres of farm production
  • $6M Market Cap = Great Risk/Reward
  • Watch this video clip to see what production looks like
  • Watch this video clip to see what the Executive Chef at Chateau Frontenac has to say

Marquee Customers Include:

Strong Institutional Ownership, 39% Owned By:

Modern Agriculture Needs Green Innovation

The Cubic Farming Advantage

  • 100% controlled environment
  • Growing 365 days a year
  • No pesticides, herbicides or fungicides
  • No GMOs
  • Minimal water requirements
  • Superior nutritional values
  • Longer shelf life
  • Consistency

Consumers Demand Clean Food

  • Globally, the BFY (BETTER FOR YOU) food category is projected to grow by 25% to over $199.8 billion in 2015.
  • GMOs, a major concern for North American consumers
  • 72% of consumers say it is important to avoid GMOs when they shop
  • 40% of consumers say they look for non-GMO claims on food
  • Natural & clean foods are increasingly mainstream
  • Not only for higher income, most educated privileged segment. It is becoming a social movement.

Urban Barns Is the Solution


Hub On AGORACOM / Corporate Profile / Corporate Website

Brazilian and North American fertilizer demand to rally

Posted by AGORACOM-JC at 12:56 PM on Monday, July 20th, 2015

20140514-dusolo200

  • Global fertilizer demand set to recover in the second half of 2015
  • PotashCorp reported that it expects the recent rise of global planted acreages to slow
  • Brazilian fertilizer purchases “are expected to accelerate in the third quarter and could lead to a more condensed delivery period”

Global fertilizer demand is set to recover in the second half of 2015, as farmer demand from North America and Brazil recovers, Canadian producer PotashCorp has said.

PotashCorp also reported that it expects the recent rise of global planted acreages to slow, as agricultural commodity markets cool.

North American potash demand is expected to rise as farmers address a mounting deficit in application.

Brazilian potash demand is expected to accelerate ahead of the country’s main planting season, helped by a recent improvement in crop prices, and a recently announced farm credit programme.

Improved demand

“Following a slower start in Brazil, we anticipate potash imports will accelerate during the third quarter,” PotashCorp said.

Brazilian fertilizer purchases “are expected to accelerate in the third quarter and could lead to a more condensed delivery period,” PotashCorp Said.

“Potash demand in Brazil slowed in first-half 2015 as farmers were concerned about weaker crop prices, the lower purchasing power of the Real and delayed credit availability from the government,” the report said.

The same dynamics will be seen in urea, with imports improving in the third quarter of 2015, in line with the same time last year, when imports reached a record 4m tonnes over the year. Brazilian phosphate imports are also seen rising next quarter.

Tentative buyers

North American demand is also expected to rise against the first half of the year, leaving full year sales down from the record 63m tonnes achieved in 2014 but remaining “at historically strong levels”.

“In North America, demand was lower in the first half of 2015 but is expected to be similar to historical levels in the second half”, the report said.

“Buyers were tentative in the first half as the spring application window was shortened and farmers weighed the impact of lower crop prices,” the report said, also noting record offshore imports pressuring North American producer sales.

“We expect healthy demand in the second half as crop prices have improved and farmers look to replenish soil nutrients after recent large harvests,” said PotashCorp.

Mounting deficit

The increased North American demand is driven by a mounting potash deficit.

PotashCorp notes that application rates have held steady in North America over the past 30 years, while yields per acre have increased significantly thanks to the use of higher-yield cultivars.

As a result of this, PotashCorp estimates that since 2010, the depletion of potash in US farmland soil has exceeded application by more than 7m short tons per year.

“Closing this gap would require farmers to nearly double application rates compared to current levels,” PotashCorp said.

The group notes application deficits across US growing regions, with the largest in the Central Plains.

“Relatively large potash application deficits were found in most major crop producing regions of the US,” the report said.

Farmland growth to ease

PotashCorp also noted that expects the rate of increase in global planted acreages to slow.

By breaking new ground, and by double and triple cropping existing ground, PotashCorp reports that farmers have added over 160 million planted acres to agricultural production in the past ten years, “an area similar to that of the US corn and soybean crop”.

“In response to rising global demand and higher crop prices, farmers have increased planted acreage over the past decade,” PotashCorp said.

As global commodity prices slow, PotashCorp expects that the rate of increase in planted area could slow, and “some marginal acreage could be removed from production”.

Chinese demand

In China, PotashCorp expects “strong farmer affordability and agronomic need will continue to have a positive impact on potash demand in 2015″.

Supply contracts to China have already been negotiated by the North American potash cartel Canpotex, of with PotashCorp is a member.

Canpotex has also signed supply deals to Indian groups, where PotashCorp expects “continued growth in 2015″.

PotashCorp estimates Indian imports at 5m tonnes over the whole 2015.

Kharif planting

The group reports that India’s monsoon “got off to a strong start in June, which supported Kharif crop planting and fertilizer demand”.

Kharif crops, usually grains and pulses, are planted with the start of the monsoon rains.

PotashCorp expects Indian urea imports to slow from the recent rapid pace, but leaving 2015 purchases well above last year.

India is expected to import over 5m tonnes of diammonium phosphate in 2015, compared to 3.6m in 2014.

Source: http://www.agrimoney.com/news/brazilian-and-north-american-fertilizer-demand-to-rally–8586.html

Liberty Star Announces Voting Results for Its Annual & Special Meeting of Shareholders

Posted by AGORACOM-JC at 5:22 PM on Thursday, July 16th, 2015

  • Total of 882,574,397 shares representing 75.97% of the issued and outstanding shares as of the Record Date (June 9, 2015) were voted at the Meeting
  • All nominated directors were elected, shareholders voted for the ratification of the appointment of MaloneBailey LLP as the Company’s independent registered accounting firm (auditors)

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce the voting results from its 2015 Annual & Special Meeting of Shareholders (the “Meeting”).

A total of 882,574,397 shares representing 75.97% of the issued and outstanding shares as of the Record Date (June 9, 2015) were voted at the Meeting.

All nominated directors were elected, shareholders voted for the ratification of the appointment of MaloneBailey LLP as the Company’s independent registered accounting firm (auditors), and shareholders voted for amending the Company’s articles of incorporation to increase the number of authorized shares from 1,250,000,000 to 6,250,000,000. Two advisory votes were considered: shareholders voted for the approval of a non-binding advisory vote on the compensation of our named executive officer, and voted for a non-binding advisory vote that the compensation of our named executive officers should be held every three years.

Voting totals and Minutes of the Meeting will be posted to http://www.libertystaruranium.com/ soon.

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150716006458/en/

 

UBR Closes Additional Financing for Work Program to Evaluate Potential of its High Purity Quartz Deposits

Posted by AGORACOM-JC at 12:10 PM on Thursday, July 16th, 2015

Uragold_logo
 

  • Announced that it has closed on July 16, 2015 an additional non-brokered private placement comprised of 1,238,012 Flow-Though Units at $0.055 per Unit for gross proceeds of $68,090.66.
  • Net proceeds from the Private Placement will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec”

Montreal, Quebec / July 16 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it has closed on July 16, 2015 an additional non-brokered private placement comprised of 1,238,012 Flow-Though Units (“Unit”) at $0.055 per Unit for gross proceeds of $68,090.66. The net proceeds from the Private Placement will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec” and our press release on April 13, 2015 in which announced “Uragold subsidiary, Quebec Quartz, signs MOU with Dorfner Anzaplan to evaluate potential of its high purity quartz deposit.”

Each Unit is comprised of one (1) common share and a half (1/2) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.10 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period until November 17, 2015.

The Company paid a cash finder’s fee of $6,809.06 and issued 123,801 warrants to Dundee Capital Market. Each warrants will give the right to purchase one (1) common share at 5.5 cents for 24 months.

Patrick Levasseur, President and COO of UBR stated, “We are extremely please that the developments of Quebec Quartz’s high purity quartz projects continue attracting investors interest. Our recent announcement regarding interest from a major producer in purchasing significant tonnage of our high purity quartz and our collaboration with Anzaplan are major milestones in our quartz strategy. We have started the field work required to start determining the full potential of our industry leading quartz properties.”

About UBR- Quebec Quartz

UBR- Quebec Quartz is the largest holder of distinct High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, Prices are rising, Exponential growth forecasted;

Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

In addition to becoming a supplier of lump quartz for silicon metal production, Quebec Quartz’s objective is to transform its High Purity Quartz into Ultra High Purity Quartz Sands to generate significantly greater profits and become a leading supplier of Ultra High Purity Quartz.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec’s first paleoplacer mine in 50 years, the Beauce Placer Project and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S un der the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271(514) 846-3271(514) 846-3271(514) 846-3271
www.uragold.com

Omagine In The News

Posted by AGORACOM-JC at 1:08 PM on Tuesday, July 14th, 2015

Good day,

Below is a sample of the coverage generated as a result of OMAGINE Inc.’s news disseminated last week.

Regards,

AGORACOM

http://businessinsights.pk/2015/07/10/89480/omagine-completes-land-rights-registration-procedures-average-value-is-718614000/

http://gulfnewsjournal.com/stories/510626647-omagine-completes-land-rights-registration-process-for-omani-beachfront

Omagine completes land rights registration process for Omani beachfront

ByJamie Barrand|Monday, Jul 13, 2015 @ 5:51pm

Omagine LLC, a 60-percent-owned subsidiary of Omagine Inc., announced late last week that it has signed and registered with the government of Oman a usufruct agreement to secure Omagine’s ownership of the development rights on more than 245 acres of beachfront property located in Oman.

The land is part of the Omagine Project, a $2.5-billion development aimed at both tourism and real estate industries. The project development agreement was signed in October 2014. The following month, Omagine entered into a partnership with the Oman office of Savills, operating as Arabian Real Estate, to provide real estate services for the project.

In December 2014, Dubai, United Arab Emirates-based DTZ International Ltd. came on board to provide commercial real estate services. Financial services are being handled by PriceWaterhouseCoopers LLP.

The Omagine Project will include cultural, entertainment and residential facets.

Shareholders include Royal Court Affairs, 25 percent; two subsidiaries of Consolidated Contractors International Co., 15 percent; and Omagine Inc., 60 percent.

“The registration of the UA with the Government is a welcome milestone event,” said Frank Drohan, Omagine’s managing director and president. “Now that we have unfettered access to the land we are rapidly progressing the development of the Omagine Project and the finalization of the CCC contract. We have expended considerable effort and resources during the past many months.”

Sam Hamdan, Omagine’s deputy managing director, agreed.

“There is enormous investor and banking liquidity in Oman and the GCC,” he said. “With the Usufruct Agreement now registered and the imminent conclusion of our consultant reviews, we expect to be making several crucial consultant appointments in the coming months.”

More information can be found online atwww.omagine.com.

http://www.omanbulletin.com/story-z7220466

http://www.4-traders.com/OMAGINE-INC-13908501/news/Omagine–GCC-investors-eye-25bn-Omagine-Project-

http://www.menafn.com/1094279060/Funds-banks-show-keen-interest-in-USD25bn-Oman-project-Omagine&src

http://pmgulf.com/content/gcc-investors-eye-2-5bn-omagine-project-in-oman-constructionweekonline-construction-week-online/

http://asianetpakistan.com/business-finance/207479/omagine-completes-land-rights-registration-procedures-average-value-is-718614000/

http://www.designbuild-network.com/newsletter_daily.html

http://www.arabianindustry.com/construction/news/2015/jul/5/omagine-project-worth-25b

http://www.bahrainnewsgazette.com/omagine-completes/

http://pakistannewswire.net/omagine-completes-land-rights-registration-procedures-average-value-is-718614000/

http://arabnewsnetwork.ae/business/omagine-completes-land-rights-registration-procedures-average-value-is-718614000/

http://arabpressreleases.qa/business-finance/27019/omagine-completes-land-rights-registration-procedures-average-value-is-718614000/

http://iraqnewsgazette.com/omagine-completes-land-rights-registration-procedures-average-value-is-718614000/

Funds, banks show keen interest in $2.5bn Oman project: Omagine

Posted by AGORACOM-JC at 5:07 PM on Monday, July 13th, 2015

 

  • With enormous liquidity available in Oman and other GCC countries, investors, funds and banks in the region have shown a high level of interest in Oman’s upcoming US$2.5bn mixed-use tourism and real-estate project knows as the Omagine Project
  • Over the past six months, Omagine LLC has conducted many presentations with sovereign funds, investment funds and high net-worth individuals in Oman, Kuwait, Saudi Arabia, Qatar and UAE, who have indicated a high level of interest in becoming equity investors in the Omagine Project

By Gulam Ali Khan

July 12, 2015

Muscat – With enormous liquidity available in Oman and other GCC countries, investors, funds and banks in the region have shown a high level of interest in Oman’s upcoming US$2.5bn mixed-use tourism and real-estate project knows as the Omagine Project.

Over the past six months, Omagine LLC has conducted many presentations with sovereign funds, investment funds and high net-worth individuals in Oman, Kuwait, Saudi Arabia, Qatar and UAE, who have indicated a high level of interest in becoming equity investors in the Omagine Project, Omagine Inc said in a filing with the US Securities and Exchange Commission (SEC) on Friday.

Omagine Inc owns a 60 per cent stake in Omagine LLC, which is developing the project.

“We have witnessed a large appetite for both investing in Omagine’s equity and for providing project financing debt facilities for project development,” said Agron Telaku, Omagine’s vice president for finance.

He said banks with which Omagine and its contracting partner CCC have met have indicated that Omagine’s usufruct rights over the project land can and will be utilised as collateral to support project financing debt facilities. “We have also met with several very high net-worth investors who have indicated a high level of interest in becoming equity investors. These investor discussions are ongoing.”

Frank Drohan, managing director and president of Omagine, said, “There is enormous banking liquidity in Oman and the GCC. Over the past six months we have conducted, and will continue to conduct, numerous meetings with major local and international banks. We have witnessed a large appetite at such banks for providing project financing debt facilities for the Omagine Project’s development.”

Omagine LLC signed the usufruct agreement with Oman on July 1, whereby the sultanate’s government granted Omagine certain rights over the 1mn sqm beachfront land, which includes the right to sell the land on freehold basis.

Omagine had contracted three real-estate valuation firms – Savills, DTZ International and JLL – to provide Omagine with the value of the usufruct rights. The average of all three valuations was recorded at RO276.66mn, according to the filing with SEC.

“The registration of the usufruct agreement with the government is a welcome milestone event. Now that we have unfettered access to the land we are rapidly progressing on the development of the Omagine Project and the finalisation of the CCC construction contract,” Drohan said.

He said that the company has conducted exhaustive interviews and has reviewed multiple iterations of proposals from key consultants. “We now expect to be making several crucial consultant appointments in the coming several months, including: A financial advisor, hospitality advisor, real-estate advisor, master planner, engineering consultant, construction management consultant and programme manager.”

Read more: http://www.muscatdaily.com/Archive/Business/Funds-banks-show-keen-interest-in-2.5bn-Oman-project-Omagine-46b4/(language)/eng-GB#ixzz3fnQdcVjG