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With Gold And Silver On The Move, These 3 Juniors Are Set To Capitalize $EXS.ca $AMK.ca $UBR.ca

Posted by AGORACOM at 12:08 PM on Friday, April 29th, 2016

Gold and Silver Go Boom. GREAT News For These Juniors!

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EXS: TSX-V, OTCQX:EXSFF

  • 609,000 Ozs Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%

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AMK: TSX-V, ACKRF: OTC Pink

  • Included In Seabridge Gold Plan To Take KSM Into Production
  • Recent samples average 27,092 gm/tonne silver and 248 gm/tonne gold
  • Adjacent area host to Over 130M Ozs Gold, 800 million Ozs silver, 20 billion pounds copper

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Uragold_new

UBR: TSX-V, URAGF: OTC

  • Planned Dividend To Shareholders Via Gold Assets Spin Out
  • Largest Historical Placer Gold Deposit In Eastern North America
  • Past Gold Producer
  • Word Renowned Geophysical Team
  • Core Quartz Conversion To Solar Grade Silicon Metal Received $5,000,000 Funding + 20 Year Offtake Agreement For Asia

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Start Your Research And Discover Your Next Great Junior Resources Company

CLOSE ALERT … Uragold Closes Up 35% To 5-Year High On Technology Breakthrough Announcement $UBR

Posted by AGORACOM at 7:19 AM on Wednesday, April 20th, 2016

BREAKING NEWS … $UBR UP 35% ON TECHNOLOGY BREAKTHROUGH
Uragold_new

  • Partner Confirms Technology Can Transform High Purity Quartz Into Silicon Metal In One Step
  • “We Look Forward To Advancing To The Pilot Stage Uragold”
  • “The First Step Towards The Company’s Objective To Produce A Silicon Product Of Solar Grade Purity”
  • Uragold Chairman & CEO “Today’s press release from PyroGenesis is another significant step in the dynamic testing process that commenced on March 29…”
  • Shares Up 35% To $0.205 On 2.2M Shares Traded

Hub On AGORACOM / Corporate Profile / Read Release

Uragold Commences Testing Of Process To Convert High Purity Quartz To Solar Grade Silicon Metal

Posted by AGORACOM at 7:36 AM on Tuesday, March 29th, 2016

Uragold Commences Testing Of Process To Convert High Purity Quartz To Solar Grade Silicon Metal

Uragold (TSX Venture: UBR) is pleased to announce that testing of its process to convert High Purity Quartz to Solar Grade Silicon Metal will commence today. Testing will be executed by PyroGenesis Canada Inc. (“PyroGenesis”), a clean-Tech company that designs, develops, manufactures and commercializes plasma waste-to-energy systems, plasma torch products and the PUREVAP™ Quartz Vaporization Reactor (QVR), from whom Uragold has been granted the worldwide exclusive rights for the One Step Production of Solar Grade Purity Silicon Metal from Quartz.

Having received confirmation that PyroGenesis has completed installation, assembly and commissioning of the PUREVAP™ QVR system, Uragold confirms the dynamic metallurgical testing program will commence today, Tuesday March 29, 2016.

Bernard Tourillon, Chairman and CEO of Uragold stated “This is a very exciting day for Uragold and its shareholders. Leading up to this day, we took the extra time and care necessary to insure the best possible results. We are now in the very capable hands of PyroGenesis and look forward with great anticipation to releasing the results to our shareholders in the very near future.”

ANTICIPATED TIMELINE FOR TESTING, RESULTS AND NEXT STEPS

The dynamic test protocols call for a first series of metallurgical tests to be completed at different operational settings. The High Purity Silicon Metal produced by the reactor during each of these tests will be sent to an independent laboratory for ICP – MS “Mass Spectrometry” analysis for validation.

Upon receipt of results, if needed, the operational parameters of the reactor will be adjusted. The process will be rapidly repeated in order to achieve the correct adjustments required for the transformation of Uragold Quartz into High Purity Si of a minimum of 4N purity (99.99 % Si).

Previously disclosed theoretical modeling of the process seems to indicate that transforming Raw Quartz into High Purity Silicon metals with a minimum purity of 4N (99.99 %) is within reach and, with anticipated process improvements, further testing could achieve purity of 5N (99.999 %) and even further to 6N (99.9999 %).

Uragold anticipates announcing results within 2-4 weeks.

Upon successful validation of the One Step Production Process, Uragold plans to move forward with the preparation of a Preliminary Economic Assessment (“PEA”) for its Roncevaux Quartz Property as the feed material for the PyroGenesis’ PUREVAP™ QVR process.

GLOBAL COMPETITIVE ADVANTAGE FOR URAGOLD – PRODUCING SOLAR GRADE SILICON METAL AT METALLURGICAL GRADE COSTS

PyroGenesis’ PUREVAP™ QVR disruptive potential is its one step direct transformation of Quartz into Solar Grade Silicon Metal, thereby potentially allowing Uragold to manufacture Solar Grade Silicon Metal (Sg Si) at the same cost as producing Metallurgical Grade Silicon Metal (Mg Si), a much lower quality product. Additionally, the Company believes the process holds a significant capital cost advantage that will allow a plant to be built at just a fraction of the current manufacturing costs.

Tourillon further added “It cannot be understated. Successful testing will provide Uragold with disruptive technology and a very strong competitive advantage over all other Solar Grade Silicon Metal Manufacturers. It allows Uragold to go much higher in the High Purity Quartz value chain and potentially become the lowest cost vertically integrated Silicon Metal, Solar Grade Silicon Metal and higher value Silicon Metal producer. Quite simply, this technology has the potential to revolutionize the process of manufacturing Silicon Metal.

$USD 12 BILLION ANNUAL INDUSTRY, GROWTH DRIVEN BY PHOTOVOLTAIC SOLAR DEMAND

The Silicon Metal, Solar Grade Silicon Metal and Electronic Grade Silicon Metal markets combined, was a $USD 12 billion a year industry in 2014.  Metallurgical Grade Silicon Metal world consumption topped 2.25Mt in 2014, exceeding $US 6 billion in sales. Propelled by increased demand for photovoltaic (PV) solar panels systems, Metallurgical Grade Silicon Metal consumption is expected to grow by 6%+ per Annum[1].

About 10% of 2014 global Metallurgical Grade Silicon Metal produced was further refined into Solar Grade Silicon Metal and Polysilicon, worth another $US 6 billion.  GTM Research estimates that Installed PV demand will growth 15 % – 23 % annually, access to Solar Grade Si will be limiting factor in PV Growth, balance supply and demand for Sg Si demand expected for year-end 2016 as Gigawatt (GW) produce by Solar panels increases.[2]

About Uragold

Uragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company.  Uragold has announced plans to spin out its Beauce Gold Project – the largest placer gold deposit in eastern North America.  Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP™ QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

The PUREVAP™ QVR process’s big advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The Science Behind PyroGenesis PUREVAP™ QVR Process Is Solid:

  • Plasma arc based process can and has transformed High Purity Quartz into Mg Si.
  • Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.
  • Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

What is unique and ground breaking is the combination of these three proven processes into one step.

A Green And Clean Company

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP™ QVR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process).  This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

High Purity Quartz Properties

Uragold is also the largest holder of 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, and exponential growth is forecast.  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.

About Our Beauce Gold Project About To Be Spun Out To Unlock Value

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec.   Comprising of a block of 37 claims 100% owned by Uragold Bay Resources, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.uragold.com

[1] Roskill: Silicon and Ferrosilicon: Global Industry Markets & Outlook report (2014)

[2] PV demand and GTM Research October 2015 Plus info from RECSilicon 2015 presentation

 

INTERVIEW: Uragold Goes Beyond The Press Release to Discuss $5 Million Funding Commitment

Posted by AGORACOM-JC at 2:24 AM on Friday, December 4th, 2015

  • $ 5 Million1 funding commitment
  • Signed a Letter of Intent with an arm’s length Taiwanese venture capital group for funds to be disbursed over the next two years, as well as, an Off-Take Agreement over the next twenty years
  • Commitment will provide Uragold with the resources necessary to capitalize on the worldwide exclusive technology grant  to convert highly coveted High Purity Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry

Hub On AGORACOM / Watch Interview Now

Uragold Signs $ 5 Million Funding Commitments and 20 Year Solar Grade Silicon Metal Off-Take Agreement With Taiwanese Venture Capital Group

Posted by AGORACOM-JC at 7:45 AM on Tuesday, December 1st, 2015

  • $ 5 Million funding commitment
  • Signed Letter of Intent with an arm’s length Taiwanese venture capital group
  • Commitment will provide Uragold with the resources necessary to capitalize on the worldwide exclusive technology grant from PyroGenesis Canada Inc. (PYR: TSX-V) to convert highly coveted High Purity Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry

Montreal, Quebec / December 1 2015 – Uragold (TSX Venture: UBR) is pleased to announce that it has signed a Letter of Intent with an arm’s length Taiwanese venture capital group (“Investors”) for a $ 5 Million1 funding commitment to be disbursed over the next two years, as well as, an Off-Take Agreement over the next twenty years, the details of which are provided further below.

The funding commitment will provide Uragold with the resources necessary to capitalize on the worldwide exclusive technology grant from PyroGenesis Canada Inc. (PYR: TSX-V) to convert our highly coveted High Purity Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry (See Press Release September 30, 2015). Quartz from our Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer, who confirmed that our material is highly suited for their silicon metal production and their interest in purchasing significant tonnage (See Press Release March 2, 2015).

The Off-Take Agreement, which includes exclusive rights for the Investors across Asia over the next 20 years, provides Uragold with an immediate and significant sales presence in this highly strategic region, including China which hosts 6 of the world’s top 10 solar manufacturers.2

Bernard Tourillon, Chairman and CEO Of Uragold Stated “The Investors interest in Uragold was primarily motivated on securing a long-term exclusive right to sell material emanating from the PUREVAP(TM) Quartz Vaporization Reactor (“PUREVAP(TM) QVR”) Technology in Asia. As I stated in our September 30th release, this technology represents a potential quantum leap forward for the solar panel industry becoming a more competitive source of renewable energy. This funding and Off-Take Agreement with our Taiwanese partners provide further third party validation of that statement. ”

SUMMARY OF FUNDING COMMITMENT AND OFF-TAKE AGREEMENT

The funding will be received by Uragold upon achievement of certain milestones through to 2017. The Investors have deposited $ 250,000 In Trust with Uragold counsel. The release of these funds and a subsequent $ 1,750,000 convertible debenture financing are conditional on the successful metallurgical testing and validation that the PUREVAP(TM) QVR can produce at least 4N Purity Si (99.99% Si) material during its first series of tests, amongst other things. As announced on September 30, 2015, this testing and validation, which has already been funded and scheduled, is expected to be completed by Q1 2016.

Mr. Tourillon further stated “The science behind the PUREVAP(TM) QVR is strong: A Plasma arc based process can transform High Purity Quartz into Metallurgical Grade Silicon Metal (“Mg Si”). The Plasma arc based process can then be used to purify Mg Si into higher value materials such as Solar Grade Si (6N / 99.9999% Si). Furthermore, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon. What is unique and ground breaking about the PyroGenesis approach is the combination of these three proven processes into one step.”

The final $ 3,000,000 convertible debenture is expected to be received in and around Q1 2017 upon Uragold having received permits to start construction of the Generation 2 PUREVAP(TM) Quartz Vaporization Reactor, as well as, confirmation that it has secured $ 12,000,000 in additional debt financing from other sources, including government funding.

With respect to the Off-Take Agreement, in exchange for the financing commitment and subsequent to the deposit, Uragold has granted the Investors the exclusive Asian rights to sell its High Purity Si (99.99% Si), Solar Grade Si (6N / 99.9999% Si) and/or Higher Purity Si (9N / 99.9999999% Si) produced by the planned Gen 2 PUREVAP(TM) QVR for a period of 20 years, with additional renewable periods upon successful completion of quotas to be agreed upon after the first two years. The Investors will also have the non-exclusive right to sell these materials to customers anywhere in the world. To this end, the Investors will be allotted an annual 1,000 Mt Off-Take potential for the first three years, then increase to an annual 2,000 Mt upon Uragold building its first Gen 3 PUREVAP(TM) QVR.

The PUREVAP(TM) IMPACT – HIGHEST PURITY, LOWEST COST SUPPLIER TO SOLAR INDUSTRY

The PUREVAP(TM) QVR is a proprietary technology (Patent Pending), developed by PyroGenesis Canada Inc., to which Uragold has been granted a worldwide exclusive right of usage, that uses a plasma arc within a vacuum furnace. This unique One Step technology should allow Uragold to become a vertically integrated and disruptive player in the solar industry through the conversion of its High Purity Quartz Projects into the highest purity, lowest cost supplier of High Purity Si (99.99% Si), Solar Grade Si (6N / 99.9999% Si) and/or Higher Purity Si (9N / 99.9999999% Si).

$USD 12 BILLION ANNUAL INDUSTRY, GROWING BY 6%+ PER YEAR

The Silicon Metal, Solar Grade Si and/or Higher Purity Si markets are a $USD 12 billion a year industry. Metallurgical Grade Si world consumption topped 2.25Mt in 2014, exceeding $US 6 billion in sales3. About 10% of 2014 global Metallurgical Grade Si production was further refined into Solar Grade Si and and/or Higher Purity Si, worth another $US 6 billion. Propelled by increased demand for Solar Grade Silicon Metal and Polysilicon for photovoltaic solar panels, global Silicon Metal demand is expected to grow by 6%+ per Annum.

LETTER OF INTENT BETWEEN INVESTORS AND URAGOLD

For Commercial reasons the name of the Investors will remain confidential. The salient points of the LOI are:

  • -If a press release confirming successful metallurgical testing to at least 4N Purity is not issued by the end of Q1 2016, the Investors shall have the right to terminate this agreement, or extend it for a period at their option. If Investors opt to terminate this agreement, Uragold will return the full deposit within 10 business days of notice of termination.-Once Uragold has notified the Investors of the successful metallurgical testing and validation that the PUREVAP(TM) QVR tor could produce at least 4N Purity of material during the first test (“success notification”), then the Investors will have up to 5 working days to instruct the lawyer to release the funds held in escrow to Uragold.
    • -If Uragold and the Investors are unable to come to terms with respect to the discount pertaining to the Off-Take Agreement via a formal Memorandum of Understanding (see Section 10) within 5 working days of success notification, the Investors shall have the right to terminate this agreement, or extend it for a period at their option. If Investors opt to terminate this agreement, Uragold will return the full deposit within 10 business days of notice of termination.

    -Upon receipt of the funds from the Lawyer, Uragold will immediately proceed with the completion of the Private Placement:

  • -As per the Rules of the TSX-Venture, the pricing of the private placement shall be the greater of $ 0.05 or the market price Uragold Shares (less a 10% discount) on the date Uragold issues the press release confirming the successful metallurgical testing and validation that the PUREVAP(TM) QVR can produce at least 4N Purity of material during the first test.-The Private Placement shall be made in Units. Each Unit will be comprised of one (1) common share and one (1) 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 equal to the greater of $ 0.07 OR 140% of the Unit price placement for a period of 36 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 from the date of closing of the placement. The placement will be subject to standard regulatory approvals.-Upon closing of the Private Placement, Uragold will grant the investors a right of first refusal on any other potential future financing concerning this project.
  • -Once Uragold as issues the press release confirming the successful metallurgical testing, and the Investors have released the escrowed $250,000 to Uragold, Uragold shall start the process required to spin out the Gold assets of the Corporation into a separate Company.
  • -$1,750,000 Convertible Debenture: During Q2 2016, but no later then 60 days after Uragold issues a press release confirming the successful metallurgical testing and validation that the PUREVAP(TM) QVR could produce at least 4N Purity of material during the first test, the investors shall proceed with a $ 1,750,000 private placement by way of convertible debenture.
  • -The terms of the Convertible debenture Private Placement shall be:
  • -Uragold shall issue to the investor $ 1,750,000 principal amount of convertible debentures, which will be secured by the Quartz properties of Uragold. The debenture placement will be subject to standard regulatory approvals.-The debenture will be convertible at the option of the holder into common shares of URAGOLD (the “Common Shares”) at any time after the issue date of the debenture and prior to the Maturity Date at a conversion price equal to 135% of the closing price of the stock the day prior the closing of the debenture financing.-The convertible debentures mature three years from the closing date and bear interest at a rate of 10% per annum, payable in equal semi-annual installments.

    0If Uragold has not achieved 6N Purity by the time of investment of the $1,750,000 convertible debenture, the first priority of Uragold is to use the funds to achieve 6N Purity.

  • -3,000,000 Convertible Debenture:
  • -During Q1 2017, but no later then 30 days after Uragold confirms having received all the required permits to start the construction of the Generation 2 PUREVAP(TM) QVR, as well as, confirmation that it has secured the required other financing of $ 12M, the investors shall proceed with a $ 3M private placement by way of convertible debenture.-The terms of the Convertible debenture Private Placement shall be:
  • -Uragold shall issue to the investor $ 3,000,000 principal amount of convertible debentures, which will be secured by the Quartz properties of Uragold. The debenture placement will be subject to standard regulatory approvals.-The debenture will be convertible at the option of the holder into common shares of URAGOLD (the “Common Shares”) at any time after the issue date of the debenture and prior to the Maturity Date at a conversion price equal to 135% of the closing price of the stock the day prior the closing of the debenture financing.-The convertible debentures mature three years from the closing date and bear interest at a rate of 10% per annum, payable in equal semi-annual installments.

About Uragold

Uragold, with its worldwide exclusive usage of the PUREVAP(TM) Quartz Vaporization Reactor (“PUREVAP(TM) QVR”), is endeavouring to become a vertically integrated High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

The PUREVAP(TM) QVR process’s big advantage is its one step direct transformation of Quartz High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

Uragold is also the largest holder of 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, and exponential growth is forecast. 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.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.uragold.com

1 Unless specified, all Funds are in Canadian dollars (CAD $)

2 http://www.forbes.com/sites/uciliawang/2014/12/03/guess-who-are-the-top-10-solar-panel-makers-in-the-world/

3 Roskill: Silicon and Ferrosilicon: Global Industry Markets & Outlook report (2014)

AGORACOM CLIENT FEATURE: (UBR:TSX-V) – Exclusive Global Partnership Puts Uragold in Position to Turn Quartz Projects into Lowest Cost Supplier To Solar Industry

Posted by AGORACOM-JC at 10:11 AM on Thursday, October 8th, 2015

EXCLUSIVE GLOBAL PARTNERSHIP PUTS URAGOLD IN POSITION TO TURN QUARTZ PROJECTS INTO LOWEST COST SUPPLIER TO SOLAR INDUSTRY

  • Patent Filed
  • Worldwide Exclusive Rights Granted
  • Pilot Plant Already Funded
  • Technology Partner Takes First Royalty Payment In Stock
  • In Position To Become Vertically Integrated Producer Of Solar Grade Silicon Metal & Major Participant In Global Solar Industry

There is no other way to say it. This technology represents a potential quantum leap forward for the solar panel industry.” (URAGOLD CEO QUOTE)

Why Uragold?

  • High Purity Silica (HPS) and Silicon Metal are key strategic minerals
  • Applications in high-tech industries that include semiconductors, LCD displays, solar silicon applications and recently, Silicon Anode Lithium Batteries
  • Major silicon metal producer has confirmed interest in purchasing a significant tonnage of High Purity Quartz
  • (MOU) between its 100% owned subsidiary Quebec Quartz and Dorfner Anzaplan (Anzaplan) regarding the development of property specific beneficiation processes for the production of ultra high purity quartz sands (99.99+% SiO2).

What are High Purity Quartz and Silicon Metal?

High Purity Quartz

  • High Purity Quartz (HPQ) has a purity level in excess of 99.997% and is extremely rare.
  • High purity quartz deposits with low impurities are rare, world supplies are tightening and HPS prices are rising [Source ].

  • Demand for HPQ is growing with the high tech industry and the price for premium HPQ can vary between US$ 8,000 to US$ 25,000 or more per ton depending on the specifications needed for the final application [Source ].

Metallurgical Silicon Metal

  • Metallurgical Silicon Metal has a purity of 98.5% or higher and is used as an alloying agent in the aluminum industry due to its ability to increase the strength of aluminum [Source].

  • Adding Silicon Metal to aluminum alloys makes them strong and light [Source].

  • As a result they are increasingly used in the automotive industry to replace heavier cast iron components [Source].

  • Allows weight reductions and a reduction in fuel consumption [Source].

  • Demand for aluminium has increased 5% CAGR over the past 20 years [Source].

  • It has also been reported that the solar industry will have it’s first global panel shortage since 2006 [Source].

  • It has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

  • Silicon Metal with 98.50% SiO2 purity sells for about US$ 3,200 per ton (or US$ 1.45 US a pound) [Source].

Martinville, Malvina and the Montpetit Quarry Silica Properties

Quebec Quartz, has successfully finish the sampling programs over the historical quartz and quartzite showings on the Montpetit Quarry, and the Martinville and Malvina Silica properties. A map of the properties can be viewed here: http://www.uragold.com/Quebec-Quartz.php.

The Montpetit Property is located in the Monteregie Region of Quebec, some 40 km south of Montreal and 7 km south of Saint-Clotilde-de-Chateauguay. The Quebec-New-York border is 10 km from the property. The property is located on NTS map sheets 31H/04 (1:50,000 scale). Farms fields and forest, owned by private landowners, mostly cover the region.

A review of the historical work indicates that the quarry operated for one (1) year and that the deposit is composed of consolidated beach sand that was highly purified by segregation, sorting and leaching. Through natural Diagenesis, overtime the sand was transformed into a quartzite.

Acquired, through map staking, two silica claims directly adjacent to Sitec Silicium Quebec quartz mine located in the Charlevoix region of Quebec

Sitec Silicium Quebec quartz mine supplies silica for Sitec silicon metal foundry in Becancour and for the Elkem Metal Canada ferrosilicium foundry in Chicoutimi Quebec.

Quebec Quart, Uragold’s wholly owned subsidiary, intends to explore the claims for quartzite extensions to the north of the Silicium Quebec Mine. The Galette sector of the Charlevoix region is knows to hold high purity quartzites. The regional geology is comprised of a paragenesis and pink garnetiferous granite with units of discernable quartzites within the paragenesis.

12 Month Stock Chart

Partnership with Pyrogenesis puts Uragold in Position to Turn Quartz Projects into Highest Purity, Lowest Cost Supplier to Solar Industry

Posted by AGORACOM-JC at 8:38 AM on Wednesday, September 30th, 2015

EXCLUSIVE GLOBAL PARTNERSHIP PUTS URAGOLD IN POSITION TO TURN QUARTZ PROJECTS INTO LOWEST COST SUPPLIER TO SOLAR INDUSTRY

  • Patent Filed
  • Worldwide Exclusive Rights Granted
  • Pilot Plant Already Funded
  • Technology Partner Takes First Royalty Payment In Stock
  • In Position To Become Vertically Integrated Producer Of Solar Grade Silicon Metal & Major Participant In Global Solar Industry

There is no other way to say it. This technology represents a potential quantum leap forward for the solar panel industry.” (URAGOLD CEO QUOTE)

Montreal, Quebec / September 30, 2015 – Uragold (TSX Venture: UBR), is pleased to announce that it has entered into a Memorandum of Understanding (“MOU”) with, PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR), a TSX Venture 50(R) clean-tech company (“PyroGenesis”) that designs, develops, manufactures and commercializes plasma torch products. Under the terms of a Memorandum of Understanding (“MOU”), PyroGenesis has granted Uragold a worldwide exclusive right to the usage of the PUREVAP (TM) Quartz Vaporization Reactor technology, in return for 10% of sales, with set minimums, as royalty payments. The exclusivity is limited to the transformation of quartz covered by the provisional patent.

PyroGenesis has filed a provisional patent for a new and novel process for the One Step Production of Metallurgical Grade Silicon Metal (mg Si), Solar Grade Silicon Metal (UMG Si) and Polysilicon from Quartz. The “PUREVAP (TM) Quartz Vaporization Reactor is a proprietary process that uses a plasma arc within a vacuum furnace. This unique technology should allow Uragold to convert its world-class Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry.

Bernard Tourillon, Chairman and CEO of Uragold stated: “The “PUREVAP (TM) Quartz Vaporization Reactor is based on strong scientific basis. The literature is very clear; A Plasma arc base process can transform High Purity Quartz into Metallurgical Grade Silicon Metal. In addition, the literature also validates the fact that Plasma arc base process can be used to purify Metallurgical Grade Silicon Metal into higher value materials such as Solar Grade Silicon Metal. What is unique and ground breaking about the PyroGenesis approach is the combination of these two proven processes into one step.”

Metallurgical testing and validation, which has already been funded and scheduled, are expected to be completed by Q1 2016.

GLOBAL COMPETITIVE ADVANTAGE FOR URAGOLD, QUANTUM LEAP FOR SOLAR INDUSTRY

Bernard Tourillon, Chairman and CEO of Uragold further stated, “The filing of the provisional patent combined with our Memorandum of Understanding (“MOU”) with PyroGenesis gives Uragold a unique competitive advantage versus all others quartz exploration ventures and will allow Uragold to go much higher in the High Purity Quartz value chain by becoming a vertically integrated silicon metal, solar grade silicon metal and polysilicon producer and becoming a major participant in the global solar industry. There is no other way to say it; this technology represents a potential quantum leap forward for the solar panel industry becoming a more competitive source of renewable energy.”

$USD 12 BILLION ANNUAL INDUSTRY, GROWING BY 6%+ PER YEAR

The Silicon Metal, Solar Grade Silicon Metal and Polysilicon markets are a $USD 12 billion a year industry. Metallurgical Grade Silicon Metal world consumption topped 2.25Mt in 2014, exceeding $US 6 billion in sales1. About 10% of 2014 global Metallurgical Grade Silicon Metal production was further refined into Solar Grade Silicon Metal and Polysilicon, worth another $US 6 billion. Propelled by increased demand for Solar Grade Silicon Metal and Polysilicon for photovoltaic solar panels, global Silicon Metal demand is expected to grow by 6%+ per Annum.

A DISRUPTIVE TECHNOLOGY – FOR MAKING SILICON METAL

Quartz may well be the second most abundant element in the earth’s crust, High Purity Quartz deposits that can be used to make Metallurgical Grade Silicon Metal using the traditional arc furnace approach are rare, since in addition to being resistant to thermal shocks, the quartz must meet the following minimum SiO2 quality and maximum impurity levels:


Click Image To View Full Size

The PUREVAP (TM) quartz vaporization reactor should allow manufacturing of Metallurgical Grade Silicon Metal using raw Quartz, from either Quartzsite and Quartz veins type deposits, with lower SiO2, higher impurity levels and lower resistance to thermal shock then the maximum threshold allowed by traditional manufacturing process, thereby allowing the transformation of material presently only good to manufacture either Frac sand, quartz counter tops or Ferrosilicium into Metallurgical Grade Silicon Metal and, potentially, Solar Grade Silicon Metal and Polysilicon.

Presently, Metallurgical Grade Silicon Metal at 98.5% purity sells for $USD 2,750 per Mt2. However, costs to manufacture it range between $USD 1,750 – 2,250 per Mt due to intensive capital and energy costs3. After Q2 2016, Uragold will provide the marketplace with its cash costs estimates under our new process.

A DISRUPTIVE TECHNOLOGY FOR SOLAR GRADE Si AND POLYSILICON MANUFACTURING

Metallurgical Grade Silicon Metals (98.5% purity) is the raw material used to make Solar Grade Silicon Metal (6N to 8N purity) and Polysilicon (9N Purity). Under current methods, refining Metallurgical Grade Silicon Metal to Solar Grade Silicon Metal and Polysilicon is a capital intensive, environmentally unfriendly and very energy demanding process, with best in class cash cost ranging between $USD 10,000 to 13,000 per Mt4.

The average Capital investment required to build a new 16,000 MT per year plant to make Solar Grade Silicon Metal and Polysilicon is between $USD 900M and $USD 1B 5. After Q2 2016, Uragold will provide the marketplace with its capital costs estimates for our new process.

Solar Grade Silicon (6N to 8N purity) presently sells for $USD 12.81 per Kg ($USD 12,810 per Mt), while Polysilicon (9N Purity) sells for $USD 14.86 per Kg ($USD 14,860 per Mt)6. After Q2 2016, Uragold will provide the marketplace with its cash costs estimates under our new process.

The PUREVAP (TM) quartz vaporization reactor distributive potential advantages is its one step direct transformation of Quartz into Solar Grade Silicon and/or Polysilicon, thereby potentially allowing Uragold to manufacture high value material (Solar Grade Silicon and Polysilicon) for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Silicon using the traditional arc furnace approach.

Patrick Levasseur, President and COO of Uragold concluded, “The interest we are receiving from global silicon metal producers for our quartz demonstrates the exceptional quality of the Roncevaux quartz and the lack of supply of High Purity Quartz. When combining our technology partnership and our properties portfolio, we are well positioned to determining the full potential of our industry leading quartz.”

MOU BETWEEN PYROGENESIS AND URAGOLD

Salient points of the MOU, Including final terms agreed on September 28, 2015 are:

  • -Uragold paid $207,000 to PyroGenesis for a series of metallurgical test of our quartz, including material not suitable to produce Silicon metal using the traditional approach.-PyroGenesis has granted Uragold a worldwide exclusive right to the usage of the PUREVAP (TM) Quartz Vaporization Reactor technology in return for 10% of sales royalty payments
    • -In order to maintain its Exclusive Global Right, Uragold will need to make the following minimal payments to PyroGenesis:
      • -For 2016, the greater of 10% of Uragold sales of Si or $50,000 CAD;-For 2017, the greater of 10% of Uragold sales of Si or $100,000 CAD;-For 2018, the greater of 10% of Uragold sales of Si or $150,000 CAD;-For 2019 and beyond, the greater of 10% of Uragold sales of Si or $200,000 CAD per annum;

      -The Parties have agreed that the 2016 payment will be made immediately through the issuance of 1,000,000 Unit of Uragold Capital. Each Unit will be comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of Uragold. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of Uragold at an exercise price of $ 0.07 during a period of 36 months from the date of the issuance of the Units. Each Unit issued pursuant to this agreement will have a mandatory four (4) month holding period from the date of the issuance of the Units. The Unit issuance is subject to standard regulatory approvals.

About Uragold

Uragold, with is world wide exclusive usage of the PUREVAP (TM) quartz vaporization reactor, is endeavouring to become a vertically integrated Silicon Metal, Solar Grade Silicon Metal and Polysilicon producer.

Uragold is also the largest holder of 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, and exponential growth is 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.

About PyroGenesis Canada Inc.

PyroGenesis is a publicly traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR). For more information, please visit www.pyrogenesis.com

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO

Tel (514) 907-1011
Patrick Levasseur, President and COO

Tel: (514) 262-9239
www.uragold.com

1 Roskill: Silicon and Ferrosilicon: Global Industry Markets & Outlook report (2014)

2 http://www.metalprices.com/p/SiliconFreeChart

3 Globe Specialty Metals Investor_Presentation_June_2012

4 Polysilicon 2012-2016: Supply, Demand & Implications for the Global PV Industry GTMResearch.com

5 http://fortune.com/2015/09/16/solar-startup-iceland-factory/

6 http://pvinsights.com/

BREAKING .. Partnership Puts Uragold In Position To Become Lowest Cost Supplier To Solar Industry

Posted by AGORACOM at 8:37 AM on Wednesday, September 30th, 2015

 

BREAKING NEWS …. BREAKING NEWS ….

EXCLUSIVE GLOBAL PARTNERSHIP PUTS URAGOLD IN POSITION TO TURN QUARTZ PROJECTS INTO LOWEST COST SUPPLIER TO SOLAR INDUSTRY

  • Patent Filed
  • Worldwide Exclusive Rights Granted
  • Pilot Plant Already Funded
  • Technology Partner Takes First Royalty Payment In Stock
  • In Position To Become Vertically Integrated Producer Of Solar Grade Silicon Metal & Major Participant In Global Solar Industry

There is no other way to say it. This technology represents a potential quantum leap forward for the solar panel industry.” (URAGOLD CEO QUOTE)

Read Full Press Release Here

A 2nd Major Silicon Metal Producer Requests High Purity Quartz Samples From Uragold

Posted by AGORACOM-JC at 10:12 AM on Thursday, August 27th, 2015

  • Announced that a second major silicon metal producer (“2nd Producer”) has requested samples of High Purity Quartz
  • Patrick Levasseur, President and COO of Uragold stated, “The interest we are receiving from global silicon metal producers for our quartz demonstrates the exceptional quality of the Roncevaux quartz and the lack of supply of High Purity Quartz. We are now even more focused on determining the full potential of our industry leading quartz portfolio.”

Montreal, Quebec / August 27 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR), is pleased to announce that a second major silicon metal producer (“2nd Producer”) has requested samples of High Purity Quartz from our Roncevaux property located in the Matapedia Valley in the Gaspe region of Quebec.

ADDITIONAL THIRD PARTY VALIDATION BODES WELL FOR ADVANCEMENT OF URAGOLD HIGH PURITY QUARTZ PROPERTIES IN QUEBEC

In order to perform their test, the 2nd Producer requires 30 kg of quartz material be sent to a laboratory in Switzerland for thermal and mechanical stability tests in addition to chemical purity analysis. Discussions remain confidential as well as tests and results, which will be proprietary to the 2nd Producer.

Patrick Levasseur, President and COO of Uragold stated, “The interest we are receiving from global silicon metal producers for our quartz demonstrates the exceptional quality of the Roncevaux quartz and the lack of supply of High Purity Quartz. We are now even more focused on determining the full potential of our industry leading quartz portfolio.”

FIRST PRODUCER HAS CONFIRMED INTEREST IN PURCHASING SIGNIFICANT TONNAGE OF HIGH PURITY QUARTZ FROM URAGOLD

On March 2nd 2015, Uragold announced that a major silicon metal producer (“1st Producer”) had confirmed their interest in purchasing a significant tonnage of High Purity Quartz from our Roncevaux property in Quebec.

The Producer had confirmed that the Quartz material from our Roncevaux property successfully passed their rigorous testing protocol, which determined that the material is highly suited for their silicon metal production plant.

SUCCESSFUL COMPLETION OF FINANCING – INSIDERS ACCOUNT FOR 49% OF FUNDS

Uragold announces that it has closed the new non-brokered private placement of 6,619,000 units (“Unit”) at $0.05 per Unit for gross proceeds of $330,950 previously announced on August 19, 2015. The net proceeds from the Private Placement will be used for general corporate expenditures and to enhance the Company’s balance sheet.

Each Unit is comprised of one (1) common share and one (1) 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 $ 0.07 during a period of 36 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 from the date of closing of the placement. The placement is subject to standard regulatory approvals.

SHARES FOR SERVICES PROGRAM

The Corporation also announced that it has issued 565,000 common shares at a deemed price of $0.05 per share and therefore paid a debt of $28,250 for services rendered during the period from January 16, 2015 ending July 15, 2015.

MODIFICATION TO STOCK OPTION PLAN

Uragold announces that its Board of Directors has approved the modification of the total number of shares that may be issued pursuant to its stock option plan, which is increased from 4,400,000 shares to 10,800,000 shares. The maximum number of common of shares that may be issued under the plan shall be equivalent to less than 10% of the issued and outstanding common shares of the Corporation. The modification is subject to regulatory approval.

About UBR – Quebec Quartz

UBR – Quebec Quartz is the largest holder of 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, and exponential growth is 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
www.uragold.com

Uragold Starts Work On Quartz Deposit To Validate Historical Estimate For Potential Order From Major Silicon Producer

Posted by AGORACOM-JC at 10:01 AM on Wednesday, August 19th, 2015

Uragold_logo

  • Fieldwork to confirm resource is capable of fulfilling potential order
  • Anzaplan to test for potential high value applications, including ultra high purity quartz sand
  • Major Silicon Metal Producer expressed interest in purchasing between 20,000 to 50,000 tons annually of High Purity Lump Quartz material (see Mar 2, 2015 release)

Montreal, Quebec / August 19 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that fieldwork on the Roncevaux quartz property located in the Matapedia Valley in the Gaspe region of Quebec has started for the purpose of achieving two objectives.

FIELDWORK TO CONFIRM RESOURCE IS CAPABLE OF FULFILLING POTENTIAL ORDER

Per the Company’s announcement on March 2, 2015, a major Silicon Metal Producer has expressed interest in purchasing between 20,000 to 50,000 tons annually of High Purity Lump Quartz material from our Roncevaux property, after our material successfully passed their rigorous testing protocols. This requires Uragold to validate if the historical estimates of 414,700 tons of High Purity Quartz; contained in the V1 vein structure calculated in 2003 (grading @ 99.20% of SiO2), will be sufficient to fulfil the potential order. (GM60610: Barrette, Jean-Paul. 2003. Rapport des travaux d’exploration miniere sur la veine de quartz pur. Projet Silice Roncevaux, Canton Roncevaux, Gaspesie), (press release December 16, 2014).

All information such as resources estimates and grades herewith presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

ANZAPLAN TO TEST FOR POTENTIAL HIGH VALUE APPLICATIONS, INCLUDING ULTRA HIGH PURITY QUARTZ SAND

Pursuant to our MOU announced April 13, 2015, a second objective of the program is to collect 150 kg of sample material from the V1 vein structure ANZAPLAN will then complete quartz processing and beneficiation tests to characterize the quartz potential for high value applications, including Ultra High Purity Quartz Sands. The leading consultancy and engineering company in high purity quartz project valuation, ANZAPLAN has a wide range of international clients in the mining, engineering, and production industries. The company’s’ renowned international reputation in the glass and ceramics industry has steadily extended into the high purity market sectors.

Dr. Marc Richer-LaFleche, Ph.D. (Geo) will be leading the Institut National de la Recherche et des Sciences (INRS, Eau Terre Environnement) team retained by the Corporation to complete the program. The work will also allow the planning of a subsequent drilling program to be complete before the end of the year.

INRS is a university dedicated to fundamental and applied research, graduate studies and the training of researchers in its four research Centres in Quebec City, Laval, Montreal and Varennes. Part of the Universite du Quebec network, INRS University ranks first in Canada in terms of research intensity. Located in Quebec City, the INRS Eau Terre Environnement Research Centre is a world class research facility that brings together 40 professors, over 200 graduate and postgraduate students, and about 20 postdoctoral researchers.

Dr. Marc Richer-LaFleche, Ph.D., is professor of geology and research scientist at INRS. He is a renowned geologist with special interest in clays and silica. Dr. Richer-LaFleche completed his doctoral studies with Centre National de la Recherche Scientifique of France (CNRS) and at Universite de Montpellier II. He also completed his post-graduate with the National Geological Commission of Canada.

Private Placement

Uragold announces its intention to proceed with a new non-brokered private placement of 6,619,000 units (“Unit”) at $0.05 per Unit for gross proceeds of $330,950. Insider participation in this placement could accounts up to 49% of the total amount subscribed. The net proceeds from the Private Placement will be used for general corporate expenditures and to enhance the Company’s balance sheet.

Each Unit is comprised of one (1) common share and one (1) 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 $ 0.07 during a period of 36 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 from the date of closing of the placement. The placement is subject to standard regulatory approvals.

Shares For Services Program

In accordance with the agreement between Uragold and AGORACOM (see Uragold press release July 18, 2014) Uragold Board has approved the issuance of 565,000 common shares at a deemed price of $0.05 per share for the outstanding debt of $28,250 for services rendered during the period from January 16, 2015 ending July 15, 2015.

Mr Levasseur stated, “With this additional private placement, insiders are continuing the demonstration of their belief that 2015 will be an exciting year for Uragold as we continue to develop our exciting high purity quartz projects.”

About Uragold- Quebec Quartz

Uragold – 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

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