Agoracom Blog

Durango To Commence Nemaska-Area Work Program $DGO.ca $NMX.ca

Posted by AGORACOM-JC at 9:10 AM on Friday, July 29th, 2016

Logo

  • Drilling by Nemaska Lithium Corp. confirms that Whabouchi lithium deposit extends to the east toward Durango’s property which is contiguous to the Whabouchi property
  • Marcy Kiesman, CEO of Durango stated, “Due to the recent drilling program of Nemaska Lithium which confirms that the dikes on its property extend to the east towards our property, our exploration team is excited to begin an exploration program on our claims in this area.”

Vancouver, BC / July 29, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that recent drilling by Nemaska Lithium Corp. (TSX-NMX) (“Nemaska”) confirms that Nemaska’s Whabouchi lithium deposit extends to the east toward Durango’s property which is contiguous to the Whabouchi property.

Nemaska’s news release from July 28, 2016 stated “The drilling thus far has confirmed the continuity of the dikes down to 200 metres from surface in the eastern part of the deposit and spodumene-bearing pegmatite dikes were observed in all holes…[and]…confirms that there are additional dikes on the Whabouchi property.”

The discovery of additional dikes aligns with the USGS paper 2003-1008 which states that “LCT pegmatites typically occur in groups, which consist of tens to hundreds of individuals and cover areas up to a few tens of square kilometers (Cerny, 1991).”1

Further to Durango’s news release of July 18, 2016, Durango’s exploration team expects to be mobilized on its property in the Nemaska region by August 2nd for the initiation of its exploration program. The initial program will take place over a period of approximately two weeks and consist of detailed mapping and sampling and will target geophysical and historical lithogeochemical anomalies.

Marcy Kiesman, CEO of Durango stated, “Due to the recent drilling program of Nemaska Lithium which confirms that the dikes on its property extend to the east towards our property, our exploration team is excited to begin an exploration program on our claims in this area.”

References

  1. (1)”A Preliminary Deposit Model for Lithium-Cesium-Tantalum (LCT) Pegmatites”, US Geological Survey Open File Report 2013-1008 by Dwight Bradley and Andrew McCauley.

About Durango Resources Inc.

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East, Lac Noirs, Montagne North and Boomerang lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its website and its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither 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.

FEATURE: Namaste (N: CSE) #1 Vaporizer Distributor in Europe, $5.8M USD of Revenue Run Rate

Posted by AGORACOM-JC at 5:11 PM on Thursday, July 28th, 2016

(N:CSE)

  • #1 vaporizer distributor in Europe
  • $5.8M USD of revenue run rate
  • Proprietary products launched
  • Perfect market timing for expansion

  • International ecommerce distribution
  • 30+ International based portals
  • 10 Languages
  • Proprietary vaporizer products
  • Targeting organic growth at 100% per year
  • Sourcing accretive M & A transactions

Regulation

  • Decriminalization and destigmatization of marijuana for medical and recreational use in US, Canada and Europe
  • Vaporizers have lower regulatory burden than growers

Health Advantages

Technical Advances

  • Improved mobility from reduced size of vaporizers
  • Ability to handle liquids, resins and plant matters
  • Conduction, convection, induction technologies
  • Mobile connectivity
  • Increasingly becoming part of the internet of things


Initial Sample Results on the Preissac – La Corne Properties, Return up to 2.86 wt % Li2O $AIX.ca $FMR.ca

Posted by AGORACOM-JC at 11:25 AM on Thursday, July 28th, 2016

Initial Sample Results on the Preissac – La Corne Properties, Return up to 2.86 wt % Li2O
  • Samples were collected from the properties and submitted to ALS Chemex for assaying. Lithium oxide (Li2O) varied from 0.01% to 2.86 wt. %
  • Claims are located near the past producing Quebec Lithium Mine which was recently purchased by the Chinese-based Jilin Jien Nickel Industry Co. 

Vancouver, British Columbia  – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to report the results from its due diligence program on three properties of the Company’s large Preissac-La Corne portfolio in the Abitibi Greenstone Belt of Quebec. As previously reported (PR of July 6, 2016) a total of 12 granitic pegmatite samples were collected from the properties and submitted to ALS Chemex for assaying. Lithium oxide (Li2O) varied from 0.01% to 2.86 wt. %. Alix Resources claims are located near the past producing Quebec Lithium Mine which was recently purchased by the Chinese-based Jilin Jien Nickel Industry Co. (“Jilin”).

  • International Lithium Property – Mineralization consists of spodumene-rich sub-horizontal, irregular dikes located in Figuery township (NTS 32D08). Surface samples were collected and returned an average of 2.41 % Li2O with above-limit tantalum concentrations (>100 ppm) as well. Historic drilling carried out by International Lithium Corp. in the 1950s, delineated a 3.7-metre-thick, 119 by 104 m area providing a historical resource estimate of 135,000 t at 0.95 wt. % lithium oxide (Li2O) (source: RP 446; MERQ).*
  • Duval Lithium Property – Situated in the La Motte township (NTS 32D8), the Duval property mineralization is contained within two granitic pegmatite dikes (182 to 259 m long by two to three m- thick), rich in spodumene (Li) with accessory tantalite (Ta) and Beryl (Be). Collected surface samples averaged 0.43 wt. % Li2O with values ranging from 0.02 wt. % to 0.82 wt. % Li2O. The Duval property area has a historical resource estimates were 75,000 t at 1.45 wt. % Li2O (source: RG160; MERQ).*
  • La Motte Lithium Property – Geological reports on the property located in the La Corne township (NTS 32D08), indicate granitic pegmatites dikes, 0.60 to 1.20 m thick, containing 15 to 30 % spodumene accompanied by beryl. Historical diamond drilling generated key assays of 1.65 wt.% Li2O /1m, and 1.12 wt. % Li2O/1.32 m, respectively (source: GM 03089; MERQ). Selected surface samples show values ranging from 0.65 wt. % to 1.58 wt. % Li2O with an average of 1.22 wt. % Li2O.

Mike England, President and CEO of Alix Resources, commented, “We are pleased to receive confirmation of the strong lithium values from the three properties sampled. The Company is looking forward to complete more extensive exploration activities on this large claim group in the Preissac-Lacorne area of Quebec, one of the world’s most productive terranes for Li ± Ta ± Be mineralization”.

The technical contents of this release were approved by Michel Boily, PhD, P.Geo a Qualified Person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.

Alix Resources is a junior mining exploration company focused on seeking and acquiring lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.  The Company now has active lithium projects in Nevada, Mexico and Ontario.

*The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

 

ON BEHALF OF THE BOARD

 

Michael England

                                                                       

Michael England, President, CEO, Director

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

Telephone: 1-604-683-3995

Toll Free: 1-888-945-4770

 

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.

 

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.  Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/alix07282016.pdf

Explor Increases East Bay Property $EXS.ca

Posted by AGORACOM-JC at 10:52 AM on Thursday, July 28th, 2016

Exs_logo

  • Announced the acquisition of 63 mineral claims located in the Duparquet, Destor Townships and in the Rouyn-Noranda and Rapide-Danseur Municipalities
  • Claims are contiguous to the East Bay Property
  • Explor will issue 75,000 shares to acquire a 100% interest in the additional East Bay claims

ROUYN-NORANDA, QUÉBEC–(July 28, 2016) - Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of 63 mineral claims located in the Duparquet, Destor Townships and in the Rouyn-Noranda and Rapide-Danseur Municipalities, in the Rouyn-Noranda Mining Division, Province of Quebec for a total of 1,856.07 hectares. These claims are contiguous to the East Bay Property. Explor will issue 75,000 shares to acquire a 100% interest in the additional East Bay claims.

This acquisition is in line with the Corporation’s strategy of increasing its property along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 65 million oz of gold. The Corporation now owns 5,740.15 ha of land along this section of the PDFZ. The East Bay Gold Property is located to the west and north of the Consolidated Beattie and Donchester Gold Property and contiguous to the ground on which Clifton Star Resources Inc. continues to intersect wide width of gold mineralization (Press Releases dated June 19 and June 6, 2013).

Geological Context & Mineralization

The mineralization on the East Bay gold property is similar to the Beattie Island within Duparquet Lake and is hosted within the Destor Theolitic Unit of the Blake River Group. Mineralization is associated with interflow volcanic sediments between andesite flows and dioritic sills. The alteration consists of silicification, carbonization and considerable sulphide enrichment.

Chris Dupont, P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of Cu-Zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Limited is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Explor Resources Inc.
Christian Dupont
President
819-797-6050
888-997-4630 or 819-797-4630
info@explorresources.com
www.explorresources.com

Liberty Star Pays Federal Lode Claims $LBSR.us

Posted by AGORACOM-JC at 10:08 AM on Thursday, July 28th, 2016

Lsumlogo_with_slogan2_20130730

  • Announces payment for all Company Federal lands for 2016-2017
  • Other State payments are current
  • Completed payment on all Bureau of Land Management federal lode-mining claims (unpatented) for its properties located in Arizona

TUCSON, AZ–(July 28, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) announces payment for all Company Federal lands for 2016-2017. Other State payments are current.

Liberty Star has completed payment on all Bureau of Land Management federal lode-mining claims (unpatented) for its properties located in Arizona. Liberty Star projects are located in Cochise County, Pima County, and, Mohave County:

Located in Cochise County, southeast Arizona, the 42 square mile Tombstone Super Project area of interest includes the Company’s premier property, the Hay Mountain Project (“Hay Mountain”). Hay Mountain is a multi-target, multi-metal, variable depth exploration project for porphyry copper — gold — moly and multiple potential by product metals including lead, zinc, manganese, silver (?), uranium, thorium, and rare earth elements. Surface studies (geochemistry, geophysics, x-ray fluorescence) indicate the potential for discovery of a high grade and large sediment and porphyry hosted copper, gold, and moly ore body of the same type as the nearby Bisbee deposit and other commercially important ore bodies throughout southeast Arizona. Liberty Star plans to engage in exploratory drilling as soon as possible.

The East Silver Bell Porphyry Copper Project (“Silver Bell”) is located in Pima County, northwest of Tucson, Arizona within the Silver Bell Mining District. Asarco Mining operates open-pit mines and a solvent extraction plant (SXEW) about 4 ½ miles west of the Silver Bell property. The Company maintains claims covering a previously unrecognized porphyry copper center. The claims currently are within the Ironwood National Monument, established after the claims were staked.

The exploration-stage North Pipes Super Project is located in Mohave County, northwest Arizona near the Utah border on the Arizona Strip. The US Geological Survey notes the Arizona Strip is rich in uranium bearing breccia pipes. While uranium is the most commercially important metal, the pipes contain numerous other metals including copper, silver, vanadium, molybdenum, cobalt and nickel. Exploration at North Pipes is for high-grade uranium ore bodies that can be mined economically by underground methods. Eleven claims have been retained over what geophysically appears to be a very large or perhaps a triple breccia pipe.

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

RISK FACTORS FOR OUR COMPANY ARE SET OUT IN OUR 10-K AND OTHER PERIODIC FILINGS FILED WITH THE SEC ON EDGAR.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook, LinkedIn & Twitter@LibertyStarLBSR.

Contact:
Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
info@libertystaruranium.com

CLIENT FEATURE: GrowPros (GCI: CSE) Natural Pharmaceuticals Derived From Cannabis and Other Medicinal Plants $GCI.ca

Posted by AGORACOM-JC at 4:37 PM on Wednesday, July 27th, 2016

Growpros_hub_large

Comprised Of Two Divisions

Pharmaceutical Division – PhytoPain Pharma

  • A new subsidiary created June 2, 2016. 80% Ownership
  • Mission is the development and commercialization of botanical based pharmaceuticals
  • A clinical stage drug development company engaged in the development of medication to alleviate symptoms related to: Pain,
    Insomni, anxiety disorder, in patients suffering from Cancer and othe, chronic and terminal diseases

Dr Guy Chamberland, Chief Scientific Officer and Regulatory Affairs

  • Professor of herbal medicine and clinical research at the École d’Enseignement Supérieur de Naturopathie du Québec.
  • 22 years’ experience in the pharmaceutical and natural product industries includes successful development of intellectual property for several botanical drug products

WHY DOCTORS NEED PHARMA MARIJUANA SOLUTIONS

  • A Physician’s decision to prescribe a new drug or even a natural health product has to be based on Evidence-Based Medicine > A legal, ethical requirement
  • Currently, no body of evidence exists to not support the prescription or recommendation of medical marijuana in any medical condition, including terminal cancer
  • The GrowPros pharmaceutical product development plan would provide the data necessary for physicians to prescribe or recommend our products

PRODUCT PIPELINE

Insomnia Management For Patients With Chronic Pain

  • Licensed a hypnotic drug from Mondias Naturals Inc
  • Management of Insomnia in patients with chronic pain
  • Currently in late stage Phase III clinical testing

PhytoPain To Produce A Combination Product

  • Proprietary combination expected to reach Phase I clinical testing in 2017
  • Will be ready for market in 2017 due to combination with Mondias Naturals product

Pain Management – Inhalation Cannabis Drug Product

  • A prescription drug for management of uncontrolled pain in cancer patients
  • Health Canada will provide guidance during Phase I clinical trial
  • Commencing December 2016. Anticipating 3-5 year product development

A recent discussion with the Quebec College of Physicians confirms that pharmaceutical development of a medical marijuana for inhalation would be well received by the medical community.

OPERATIONS OVERVIEW – MMPR

MMPR Division – Collaboration Agreement

  • March 18, 2016 – Signed agreement with Delta 9 Bio-Tech, a “Licensed Producer”
  • Delta 9 will submit to Health Canada an Amendment to collaborate on GrowPros previous application for facility in Southern Quebec; Amendment submission anticipated by June 30, 2106, Health Canada response anticipated August 30, 2016
  • Key Benefits of Delta 9 Collaboration: Significant process clarity, High probability of success eliminates spec construction risk, Single customer through option to acquire all dried marijuana product for 2 years
  • Key strategic benefit to GrowPros; Controlled production, quality and supply for Pharma Division, Value of license, Wholesale seller vs. retail seller

Hub On AGORACOM /Corporate Profile

St-Georges Signs Option Over Le Royal Lithium-Lepidolite Prospect In Quebec $SX.ca

Posted by AGORACOM-JC at 11:21 AM on Wednesday, July 27th, 2016

Sx_hub_logo

  • Entered into a Binding Memorandum of Understanding to acquire Le Royal lithium prospect located approximately 30 km north of the city of Val d’Or in Quebec
  • Acquiring Le Royal lithium prospect jointly with Platypus Minerals Ltd. (ASX: PLP) on an initial 30:70 relative basis.

Montreal, Quebec / July 27, 2016 – St-Georges Platinum and Base Metals Ltd. (OTC:SXOOF) (CSE:SX) (FSE:85G1) is pleased to announce that it has entered into a Binding Memorandum of Understanding to acquire Le Royal lithium prospect located approximately 30 km north of the city of Val d’Or in Quebec.

St-Georges is acquiring Le Royal lithium prospect jointly with Platypus Minerals Ltd. (ASX: PLP) on an initial 30:70 relative basis.

Le Royal lithium prospect comprises 5 contiguous claims, approximately 286 hectares in area and represents a virgin find within a known lithium district, albeit situated only 4 km from the Quebec Lithium Mine. Le Royal is easily accessible and lies close to infrastructure and facilities (Figures 1, 2 and 3).

The Quebec Lithium Mine hosts a resource of 47 Mt @ 1.20% Li2O (NI43-101; Measured and Indicated). The mine was recently acquired by Chinese-owned Jilin Jien Nickel Industry Co.

A preliminary site visit by an independent geologist commissioned by St-Georges and Platypus confirmed the presence of a significant amount of lepidolite within a 1.0 X 0.7 X 0.6 metre pegmatite sub angular boulder indicating a new source in the vicinity (Figures 4 to 7). Lepidolite exploration is a key focus for Platypus, given its recent acquisition of mining processing technology developer Lepidico Limited, making Platypus the owner of the L-Max(R) technology which was specifically designed to extract lithium from lepidolite and other Li-mica minerals.


Click Image To View Full Size

Figure 1. Location of Le Royal prospect in Quebec.


Click Image To View Full Size

Figure 2. Regional Location of Le Royal prospect

The Companies are awaiting a report from the independent geologist, which will determine whether they will proceed with the option. Samples were taken on the project claims and sent to the laboratory for analysis. The report from the Independent Geologist is expected within two weeks.


Click Image To View Full Size

Figure 3. Claims map MRNF NTS 32C05, showing Le Royal claims in relation to Quebec Lithium Mine.


Click Image To View Full Size

Figure 4. Lepidolite in pegmatite at Le Royal.


Click Image To View Full Size

Figure 5. Lepidolite & spodumene in pegmatite


Click Image To View Full Size

Figure 6. Lepidolite-rich pegmatite from Le Royal.


Click Image To View Full Size

Figure 7. Lepidolite-spodumene pegmatite (Le Royal)

Under the terms of the MOU, Platypus will pay the vendors a C$10,000 option fee to conduct due diligence on the Le Royal claims. After the due diligence period and receipt of the independent geologist’s report, Platypus and St Georges will be able to acquire 100% of the Royal claims based on the following terms:

A finder’s fee will be paid in relation with this acquisition.

St-Georges and Platypus are concurrently negotiating formal terms of a joint venture between the two companies to develop the Le Royal prospect.

Yves Caron P.Geo. (OGQ #548) a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

About Platypus Minerals Ltd

Platypus Minerals Ltd (ASX:PLP) is an ASX-listed Perth based company focused on the lithium sector. It’s current exploration assets include an option over the Lemare project in Canada; ownership of the Euriowie project near Broken Hill in New South Wales; a joint venture agreement with ASX-listed Crusader Resources (ASX:CAS) to jointly exploit lithium opportunities in Brazil; and an agreement with ASX-listed Latin Resources (ASX:LRS) to jointly exploit lithium opportunities in Peru and Argentina. Through wholly-owned subsidiary Lepidico Ltd, Platypus also owns the L-Max(R) technology, a metallurgical process that extracts lithium from non-conventional sources, specifically Li-rich mica minerals such as lepidolite and zinnwaldite, and thus has the potential to disrupt the lithium market by providing lithium from an alternative source. Platypus’s largest shareholders are Strategic Metallurgy Pty Ltd and Potash West Ltd (ASX:PWN).

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

KWG Retains CANARAIL $KWG.ca

Posted by AGORACOM-JC at 10:36 AM on Wednesday, July 27th, 2016

Kwglarge

  • Engaged CANARAIL Consultants Inc.
  • Providing specialized services and data that will be required of KWG for completion of a rail feasibility study for the Ring of Fire project

TORONTO, ONTARIO–(July 27, 2016) - KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) is pleased to announce that it has engaged CANARAIL Consultants Inc. to provide the specialized professional services and data that will be required of KWG as the client, for the completion of a rail feasibility study for the Ring of Fire project proposed by China Railway First Survey & Design Institute Group Co. Ltd. (‘FSDI’) as the contractor.

“CANARAIL benefits from the unique expertise that it has gained in providing similar services to other mining interests either here in Canada or abroad”, said KWG President Frank Smeenk. “CANARAIL’s knowledge of current materials and services pricing in Canada plus what it takes to design and build a mining railway while complying with local environmental, social and other applicable standards will prove to be of great assistance in facilitating and expediting completion of the feasibility study proposed by FSDI.”

About CANARAIL:

Founded in 1991 and based in Montreal (QC), CANARAIL is a Quebec-based rail consulting and engineering firm that specializes in mining, heavy haul freight, and urban domains. CANARAIL is known for its expertise in feasibility studies, consulting, detailed design, and the supervision of construction of major projects across all components of a railway project: infrastructure, rolling stock, systems, operations, etc. Over the last 25 years, CANARAIL has participated in over 800 projects in Canada, the Middle East, Asia, Africa, North America, Australia, Europe, and Latin America (see: www.canarail.com). Among its accomplishments:

  • Eastern Canada: Feasibility Study for a 330km multi-user mining railway in Northern Quebec (Plan Nord)
  • Western Canada: Refurbishing of the GoldLeaf cars of the Rocky Mountaineer fleet
  • Saudi Arabia: Feasibility study, engineering and supervision of the construction of a new 2400 km rail link: North South Railway
  • Afghanistan: Feasibility study for a new 600 km rail link in the northern part of Afghanistan
  • East Africa: Feasibility study for the improvement of the accessibility of rail services in Rwanda, Burundi and Tanzania
  • Bangladesh: Feasibility study of seven different railway projects to improve the Trans-Asia connectivity

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Shares issued and outstanding: 961,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

Tesla Opens Gigafactory to Expand Battery Production, Sales $FMR.ca $DGO.ca $PFN.ca $BFF.ca

Posted by AGORACOM-JC at 8:09 AM on Wednesday, July 27th, 2016
  • Tesla officially opened its Gigafactory on Tuesday
  • Could nearly double the world’s production of lithium-ion batteries.
  • Factory is about 14 percent complete
  • When finished, it will be about 10 million square feet, or about the size of 262 NFL football fields

Sparks, Nev. (AP) — It’s Tesla Motors’ biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world’s production of lithium-ion batteries.

Tesla officially opened its Gigafactory on Tuesday, a little more than two years after construction began. The factory is about 14 percent complete, but when it’s finished, it will be about 10 million square feet, or about the size of 262 NFL football fields. That will make it one of the largest buildings in the world.

The factory is key to the future of Palo Alto, California-based Tesla. The 13-year-old electric car company, which has never made a full-year profit, wants to transition from a niche maker of luxury vehicles to a full-line maker of affordable cars, pickups and even semi-trucks. It also runs Tesla Powerwall, a solar energy storage business for homes and businesses.

The company says making its own lithium-ion batteries at the scale the Gigafactory will allow will reduce its battery costs by more than a third by 2018. Tesla CEO Elon Musk said the factory could easily employ 10,000 people in the next three to four years.

An inside view of the Tesla Gigafactory. g
An inside view of the Tesla Gigafactory. g
Photographer: Troy Harvey/Bloomber

Most immediately, Tesla needs the batteries for its fourth car, the Model 3 sedan, which is scheduled to go on sale at the end of next year. At a starting price of around $35,000, the Model 3 will be Tesla’s least expensive vehicle, partly because of battery cost reductions. The batteries for Tesla’s current vehicles, the Model S sedan and Model X SUV, are made in Japan.

Tesla unveiled the Model 3 at the end of March. Within a week, more than 325,000 people had put down a $1,000 deposit to reserve the car. After seeing that level of demand, Tesla moved its production plans forward. The company now says it will make 500,000 vehicles per year by 2018, two years earlier than scheduled.

To meet that goal, Gigafactory construction is proceeding at a furious pace. Inside the factory, Tesla’s partner, Panasonic Corp. — which has invested $1.6 billion into the factory — is installing machines in sealed, humidity-controlled rooms that will start making battery cells before the end of this year.

Close all those tabs. Open this email.
Get Bloomberg’s daily newsletter.

Panasonic is also shipping cells from Japan to the Powerwall business, which is operating in another section of the factory. Robots are used to place battery packs into home and office units, which store energy from solar panels and allow users to tap it during peak periods. Musk said the Powerwall business will initially make up about one-third of the Gigafactory’s output, but eventually could expand to around half.

Outside, nearly 1,000 workers are laying the groundwork for the factory’s expansion, digging trenches and erecting steel supports in the hot, dusty valley. By the second quarter of 2017, 31 percent of the factory will be completed. Eventually, the roof will be covered in solar panels.

Musk noted that some of the area’s 10,000 wild horses often drink from the ponds at the construction site. Nevada won the factory thanks in part to $1.3 billion in tax incentives, which will benefit Tesla over a 20-year period.

“I find this to be quite romantic,” he said. “It feels like the wild West.”

The factory’s name stems from “giga,” a unit of measurement that represents billions. One gigawatt hour is the equivalent of generating one billion watts for one hour — one million times that of one kilowatt hour.

Tesla says the factory will be producing 35 gigawatt hours of batteries by 2018. That’s the equivalent to the entire world’s production in 2014. Tesla CEO Elon Musk has said the factory has the capacity to produce 150 gigawatt hours if it needs to. To put that in context, New York City uses around 52 gigawatt hours of energy per year.

Analysts say bringing battery production in-house, instead of buying batteries like General Motors Co. and other major automakers do, can help bring down costs, but also leaves Tesla exposed. If the Model 3 is delayed, for example, or customers’ deposits don’t turn into actual sales, Tesla will have extra batteries on its hands and no way to recoup its costs.

“They could be left with a lot of excess capacity in the near term,” said Sam Abuelsamid, an analyst with Navigant Research. Abuelsamid says there’s also the possibility that advances in battery technology in the longer term could force Tesla to make expensive new investments.

There are also competitors who could derail Tesla’s dreams. Chinese automaker BYD Co., which is backed by Warren Buffett’s Berkshire Hathaway Corp., also makes batteries and energy storage systems and is already building battery-powered buses in the U.S. The company hopes to bring low-cost electric cars to the U.S. in a few years.

Musk says there are still plenty of ways for Tesla to reduce costs, including making its factories more efficient and eventually building more battery factories in Europe, China and other regions where its cars are sold.

The company also is using a different type of battery cell in the Model 3 than it did in the Model S and Model X in an effort to reduce costs.

Source: http://www.bloomberg.com/news/articles/2016-07-26/tesla-opens-gigafactory-to-expand-battery-production-sales?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-business

CLIENT FEATURE: Nevada Energy Metals (BFF: TSX-V) Powering Our Green Future $BFF.ca

Posted by AGORACOM-JC at 5:21 PM on Tuesday, July 26th, 2016

TSX-V: BFF, (OTC Pink: SSMLF)

Why Lithium?

 

  • Major companies such as Sony and Panasonic got behind lithium as an anchor material in a possible successor to the lead-acid battery paradigm.
  • Although it took decades, lithium-based batteries are now the industry standard.
  • Lithium has limited supply and increasing demand.
  • Lithium seems untouched by economic downturns.
  • Climate change has lead to the frenzied search for green energy solution
  • Because of its high reactivity, lithium does not occur as a pure element in nature but is contained within minerals in a range of hard rock types or in brine solutions (elements contained in salty water) in salt lakes, “salars.” Lithium’s primary driver for growth is:

Batteries and grid-scale energy storage:

  • Most important use of lithium is in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras, gaming consoles and hundreds of other electronic devices.
  • Lithium-ion batteries are increasingly used for bikes, power tools, forklifts, cranes and other industrial equipment. In essence, lithium powers modern technology.

Benchmark Mineral Intelligence estimates that the

“EV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.”

We have already seen Tesla increase the land holding of their $5 billion under-construction lithium-ion battery factory and Faraday Future strike a deal to build a $1 billion electric car plant.

Nevada Energy Metals Acquires 100% Ownership in Clayton Valley BFF-1 Lithium Project

  • Announced acquisition of 60 claims in Clayton Valley, Esmeralda County, Nevada
  • 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations
  • Also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource
  • 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020

Nevada Energy Metals Expans Lithium Exploration Potential at San Emidio

Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

Projects

  • Acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada.
  • Property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America’s only producing brine based Lithium mine supporting lithium production since 1967.
  • Access to Teels Marsh is via dirt road, west of Highway 95 and northwest of Highway 360.

Teels Marsh West is a highly prospective Lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins.

  • Located 12 km (7.5 miles) northeast of Albemarle Corporation’s (formerly Rockwood Lithium),Silver Peaksolar evaporation ponds. Silver Peak is the only producing brine-based lithium facility in North America.
  • 60-40 earn-in joint venture with Dajin Resources Corp.
  • In addition to its proximity to Silver Peak, the property is 20 km (12.5 miles) east-northeast of Pure Energy Minerals’ Clayton Valley exploration project.
  • Preliminary data from ongoing exploration activities on the property, suggest that Alkali Lake could be situated on one of the most prospective areas in the entire basin.
  • Lithium assay results from sediment sampling carried out on the Alkali Lake property confirmed the presence of near-surface lithium at grades ranging from 73 ppm to 382 ppm.

  • Early stage exploration property, located in the northern foothills of the Alaska Range, which contains VMS (volcanogenic massive sulfide) mineralization.
  • Property is located in the east portion of the Bonnifield Mining District, central Alaska, approximately 60 mi (96 km) south of Fairbanks, Alaska (Figure 1).
  • Property consists of 36 quarter-section State of Alaska mining claims (Galleon 1-36; Appendix 1) held by Anglo Alaska Gold Corporation (AAGC). Rock Star Resources Inc (RSRI) holds the rights to a 100% earn-in interest under an agreement with AAGC to pay for exploration and make required payments.
  • Access to the Property currently is only by helicopter, or by trail from a nearby airstrip, however, strong potential exists for future development of a road connecting the Property with an existing mine road system to the west.
  • The claims are subject to a 3% Net Production Royalty to the State of Alaska beginning 3.5 years after mine start-up. All claims comprising the Galleon Property are in good standing at the time of this writing.

Energy metal markets are booming

The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.

And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for future lithium use will be in electric vehicles and home batteries for solar panels. That has lithium on the verge a boom for which supply can no longer be taken for granted.

12 Month Stock Chart