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Iconic $ICM.ca Receives Core Drilling Geochemistry for Bonnie Claire #Lithium Project, Nevada $NRM.ca $CYP.ca $LI.ca $ALB $LAC.ca

Posted by AGORACOM-JC at 3:08 PM on Friday, October 30th, 2020
  • Received geochemical results for sediments from two core holes at the Bonnie Claire Lithium Deposit in Nevada
  • Both drill holes contain intercepts of +1,000 ppm lithium and continue to show that results are consistent with those from prior drilling
  • Core hole BC2001C intersected 67 meters (220 feet) averaging 1209 ppm Li and contained a high of 1710 ppm Li. Core hole BC2002C contained a high of 1070 ppm Li

Vancouver, British Columbia–(October 30, 2020) – Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (“Company” or “Iconic”) is pleased to announce that it has received geochemical results for sediments from two core holes at the Bonnie Claire Lithium Deposit in Nevada. Both drill holes contain intercepts of +1,000 ppm lithium and continue to show that results are consistent with those from prior drilling. Sediment geochemical analysis was done by ALS Chemex of Reno, Nevada.

Core hole BC2001C intersected 67 meters (220 feet) averaging 1209 ppm Li and contained a high of 1710 ppm Li. Core hole BC2002C contained a high of 1070 ppm Li. Occasional lighter colored sediments seen in the core may indicate some leaching of soluble elements is occurring. Water samples, highly diluted by added drill water, were taken from each core hole. The water samples were analyzed for dissolved lithium by Western Environmental Testing of Sparks, Nevada. Of the four samples taken the high for dissolved lithium was 38 ppm. The highest water sample taken in all of Iconic’s previous drilling at Bonnie Claire, with the exception of one non-repeatable sample, was 4.1 ppm Li. As a result of these encouraging results the water sampling was also taken in the RC drilling program. These samples were taken at rod changes after clearing the hole of drill water.

The RC (reverse circulation) drilling has now been completed. A total of four holes ranging from 61 to 109 meters (200 to 358 feet) were drilled to expand the resource and collect samples for metallurgy. Samples have been sent for testing to ALS Chemex of Reno Nevada for assaying. The drilling extended the current resource approximately 2,500 meters (8,200 feet) to the south.

The Bonnie Claire Lithium Property Characteristics:

The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.

On behalf of the Board of Directors

SIGNED: “Richard Kern
Richard Kern,
President and CEO

Contact:
Keturah Nathe
VP Corporate Development
(604) 336-8614

For further information on ICM, please visit our website at www.iconicminerals.com.

The Company’s public documents may be accessed at www.sedar.com.

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.

$NAM.ca #Lithium Division Program Begins on Lithium One Project, Manitoba $LIX.ca $LI.ca $NLC.ca $SLL.ca

Posted by AGORACOM-JC at 8:48 AM on Tuesday, October 6th, 2020
  • NAM owns 100% of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba
  • The eight projects are strategically situated within the Winnipeg River Pegmatite Field, which hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium bearing minerals) in varying capacities, since 1969
  • The program is being jointly funded by the Company and the new Manitoba Mineral Development Fund (MMDF) from the Manitoba Chamber of Commerce
  • The 2020 field work program will focus on follow up exploration of the company’s 2018 field reconnaissance efforts on the Lithium One Project
  • 2018 surface exploration completed on the Lithium One project yielded field samples grading up to 4.1% Li2O and 6.11% Rb2O
  • The Company has an exploration agreement in place with the Sagkeeng First Nation who the Company has engaged to work collaboratively with on completing the 2020 program at Lithium One
  • NAMs flagship project is the 100% owned River Valley Palladium Project, one of North America’s largest undeveloped primary Palladium Projects

October 6, 2020 – Rockport, Canada – New Age Metals Inc. (NAM) (TSXV:NAM ) ; ( OTC:NMTLF ) ; ( FSE:P7J) (“NAM” or the “Company”) is pleased to announce that the field work planned at the Company’s Lithium One Project in South east Manitoba, has begun. Harry Barr, Chairman & CEO stated; “With the help of a grant from the Manitoba Mineral Development Fund we are pleased to have our technical team and consultants in the field completing the fall program on our Lithium One Project.”

Lithium One Work Program

To complete this program, NAM plans to contract both Carey Galeschuk and Dave Owens, the Company’s consulting geologists in addition to the Twohearts Foundation, a Sagkeeng First Nations exploration service company. The fall 2020 program will include rock sampling, mapping and prospecting at the Company’s Lithium One project in the Greer Lake region. The objective of the program is to surface sample areas that have not been looked at to date at the project and further outline future drill targets.


Click Image To View Full Size

Figure 1 : NAM Project Location Map – Winnipeg River Pegmatite Field. Lithium One Project is highlighted.

Manitoba Mineral Development Fund

In June 2020, the Manitoba Government opened application to the MMDF which offered $20 million in funding to jump-start mineral and economic development initiatives in the north and throughout the province. The MMDF, delivered and administered by the Manitoba Chambers of Commerce, will support new economic development opportunities that capitalize on existing assets in the north and across Manitoba. Projects funded by MMDF will benefit Manitoba’s economy and local communities alike with a partnership-based approach to help grow and diversify the provincial economy together with Indigenous communities.

Manitoba COVID-19 Relief

The Company is taking advantage of relief measures put in place by the Manitoba government for mineral/mining claim holders in 2020. A one-year extension of time on all mining claims and mineral exploration licenses has been granted for claims and licences expiring prior to April 30, 2021. All of New Age Metals claims are eligible for this extension . Furthermore, the Manitoba Agriculture and Resource Development Department has extended double-assessment credits for exploration work completed in 2020. Both of these relief measures will assist the company in maintaining its land position in the Winnipeg River Pegmatite Field and the work completed at Lithium One will provide extended work credits for the Company on that project.

Lithium One Project

The project is geologically situated in the southern extension of the Bird River Greenstone Belt. The pegmatites are associated with the Greer Lake and Shatford Lake Pegmatite Group of the Cat Lake – Winnipeg River Pegmatite Field. The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite which has been mined since 1969 at the Tanco Mine Site, in various capacities and for various commodities. This pegmatite field is hosted in the Archean age Bird River Greenstone Belt and into the surrounding granites.

The Silverleaf Pegmatite was historically mined in the late 1920’s for spodumene and probably represents one of the first spodumene operations in North America. The central, most economic, portion of the pegmatite is composed of lepidolite surrounded by an envelope of spodumene and quartz. The lepidolite zone outcrops as three large masses with lengths and maximum widths as follows: 23 m x 6 m (75 x 20 ft); 12 m x 4 m (40 x 12 ft); 5.5 m x 3 m (18 x 11 ft); it is also found in a westerly cut over a width of 2 m (6.5 ft). Spodumene is known to outcrop over a 334 m 2 (3600 sq ft). A quartz-spodumene crystal measuring 91 cm x 17 cm (3 ft x 7 inch) was reported near the core zone back in 1933.

Historic drilling of the Silverleaf Pegmatite from the 1950’s indicated a tabular pegmatite body dipping 30? S and extending 168 m (550 ft), while ranging in thickness from 5 to 11 m over a drilled length of 245 m.

The Company’s Phase One Exploration Program in 2018 , sampled several of the known lithium-bearing pegmatites. The purpose of the exploration program was to obtain modern-day assay analyses of the Pegmatites and to ground proof some of the historic Pegmatite locations. Numerous Pegmatites and Pegmatite swarms were not sampled in the 2018 program and will be explored during the 2020 fall program.


Click Image To View Full Size

Figure 2: Annie Pegmatite showing an outcrop with abundant SQUI (Spodumene Quartz Intergrowths) mineralization – The pen in the photo is 8 cm in length.

About NAM

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The Company has two divisions; a Platinum Group Metals division and a Lithium/Rare Element division. The PGM division includes the 100% owned, multi-million-ounce, district scale River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario. The Company has recently completed a Preliminary Economic Assessment on the project and is working towards Prefeasibility. In Alaska the Company owns 100% of the Genesis PGM-Cu-Ni Project in Alaska. The Lithium division is the largest mineral claim holder in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements such as tantalum and rubidium. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. The Company is actively seeking an option/ joint venture partner for its road-accessible Genesis PGM Cu-Ni project in Alaska and for our Lithium division in Manitoba.


Click Image To View Full Size

Figure 4: White spodumene blades in a matrix of lepidolite (Lithium Mica) from the Silverleaf showing.

New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 138,854,511 shares issued to date. Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. Any questions or comments can be directed to [email protected] or Harry Barr at [email protected] or Cody Hunt at [email protected] or call 613 659 2773.

About the River Valley Palladium Project

The details of the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were announced in the press release dated August 9, 2019 and are described on NAM’s website. The pit constrained Updated Mineral Resource Estimate formed the basis of the PEA . At a cut-off grade of 0.35 g/t PdEq, the Updated Mineral Resource Estimate contains 2.867 Moz PdEq in the Measured plus Indicated classifications and 1.059 Moz PdEq in the Inferred classification. The PEA is a preliminary report, but it demonstrates that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium production. Refer to the NAM website (www.newagemetals.com) for details.

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If you have not done so already, we encourage you to sign up on our website ( www.newagemetals.com ) to receive our updated news.

Qualified Person

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release with regard to technical aspects of the Lithium Division.

On behalf of the Board of Directors

” Harry Barr”

Harry G. Barr

Chairman and CEO

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.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forw ard-looking statements.

European Commission Adds Lithium to Critical Raw Materials List SPONSOR: St-Georges Eco-Mining $SX.ca $NNX.ca $OM.ca $ICM.ca

Posted by AGORACOM at 12:48 PM on Friday, September 11th, 2020

EC reports highlighted an overlap between the location battery raw materials resources in the EU and “regions that are heavily dependent on coal or carbon-intensive industries and where battery factories are planned”. Image: EC Joint Centre for Research.

Lithium has been added to a list of raw materials deemed essential to secure supply in Europe, for the first time ever, by the European Commission.

Earlier this month the Commission presented its Action Plan on Critical Raw Materials and a “foresight study” on critical raw materials looking ahead to 2030 and 2050, as well as its updated 2020 list of materials. This list is updated every three years and identifies the raw materials that the Commission said are “most important economically and have a high supply risk”.

A statement from the EC also talked about the importance of access to certain resources to deliver the European Green Deal while preventing the shift to carbon neutrality from becoming also a shift from dependency on fossil fuels to a dependency on raw materials. This week, Members of European Parliament spoke at a webinar hosted by European energy storage industry group EASE about the vital importance of energy storage for decarbonising the continent while also ensuring security of energy supply.

The EC’s documents likewise firmly emphasised the importance of battery raw materials. While cobalt is already on that list, and lithium was added this year, the EC said it will “monitor nickel closely,” given the metal’s importance in battery production. Vanadium, used in flow batteries – as well as in steel production – is also on the 2020 list.

“A secure and sustainable supply of raw materials is a prerequisite for a resilient economy. For e-car batteries and energy storage alone, Europe will for instance need up to 18 times more lithium by 2030 and up to 60 times more by 2050,” said European Commission politician Maroš Šefčovič, who has championed the need to create battery supply chains and manufacturing capabilities in the continent.

“As our foresight shows, we cannot allow to replace current reliance on fossil fuels with dependency on critical raw materials. This has been magnified by the coronavirus disruptions in our strategic value chains.”

Šefčovič, the EC’s Vice-President for Interinstitutional Relations and Foresight, was instrumental in the creation of the European Battery Alliance, which has committed to investing billions of Euros into the manufacturing value chain on the continent over the next few years.

One of the projects to benefit from that Alliance, start-up Northvolt’s first gigafactory in Sweden, received its first processing equipment a few days ago, the company said. Now, the European Commission is set to formulate a similar Alliance for Critical Raw Materials.

SOURCE: https://www.energy-storage.news/news/european-commission-adds-lithium-to-critical-raw-materials-list

New Age Metals $NAM.ca Initiates 2020 Lithium Division Work Program $LIC.ca $LIX.ca $LI.ca $ELR.ca $ATL.ca

Posted by AGORACOM-JC at 8:55 AM on Thursday, August 27th, 2020
  • NAM owns 100% of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba
  • The eight projects are strategically situated within the Winnipeg River Pegmatite Field, which hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium bearing minerals) in varying capacities, since 1969
  • The summer program is being jointly funded by the Company and the new Manitoba Mineral Development Fund (MMDF) from the Manitoba Chamber of Commerce
  • The 2020 field work program will focus on follow up exploration of the company’s 2018 field reconnaissance efforts on the Lithium One Project, specifically at the Silverleaf and Annie pegmatites.
  • 2018 surface exploration completed on the Lithium One project yielded field samples grading up to 4.1% Li2O and 6.11% Rb2OThe Company has an exploration agreement in place with the Sagkeeng First Nation who the Company has engaged to work collaboratively with on completing the summer 2020 program at Lithium One
  • NAMs flagship project is the 100% owned River Valley Palladium Project, one of North America’s largest undeveloped primary Palladium Project

August 27, 2020 – Rockport, Canada – New Age Metals Inc. (NAM) (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) (“NAM” or the “Company”) is pleased to announce the approval of a fall 2020 work program at the Company’s Lithium One Project in South east Manitoba, which is slated to begin this fall. Harry Barr, Chairman & CEO stated; “Over the last few months the Company has applied for and received approval for a grant from the Manitoba Mineral Development Fund. An extra benefit will be gained from the COVID-19 relief measures offered by the Manitoba government which calls for extending Double-Assessment Credits for exploration work completed in 2020.”

Lithium One Work Program

The fall 2020 program will include rock sampling, mapping and prospecting at the Company’s Lithium One project in the Greer Lake region. The objective of the program is to surface sample areas that have not been looked at to date at the project and further outline future drill targets. NAM plans to contract both Carey Galeschuk, the Company’s consulting geologist and the Twohearts Foundation, a Sagkeeng First Nations exploration service company to complete this program.


Click Image To View Full Size

Figure 1: NAM Project Location Map – Winnipeg River Pegmatite Field. Lithium One Project is highlighted.

Manitoba Mineral Development Fund

In June 2020, the Manitoba Government opened application to the MMDF which offered $20 million in funding to jump-start mineral and economic development initiatives in the north and throughout the province. The MMDF, delivered and administered by the Manitoba Chambers of Commerce, will support new economic development opportunities that capitalize on existing assets in the north and across Manitoba. Projects funded by MMDF will benefit Manitoba’s economy and local communities alike with a partnership-based approach to help grow and diversify the provincial economy together with Indigenous communities.

Manitoba COVID-19 Relief

The Company is taking advantage of relief measures put in place by the Manitoba government for mineral/mining claim holders in 2020. A one-year extension of time on all mining claims and mineral exploration licenses has been granted for claims and licences expiring prior to April 30, 2021. All of New Age Metals claims are eligible for this extension. Furthermore, the Manitoba Agriculture and Resource Development Department has extended double-assessment credits for exploration work completed in 2020. Both of these relief measures will assist the company in maintaining its land position in the Winnipeg River Pegmatite Field and the work completed at Lithium One will provide extended work credits for the Company on that project.

Lithium One Project

The project is geologically situated in the southern extension of the Bird River Greenstone Belt. The pegmatites are associated with the Greer Lake and Shatford Lake Pegmatite Group of the Cat Lake – Winnipeg River Pegmatite Field. The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite which has been mined since 1969 at the Tanco Mine Site, in various capacities and for various commodities. This pegmatite field is hosted in the Archean age Bird River Greenstone Belt and into the surrounding granites.

The Silverleaf Pegmatite was historically mined in the late 1920’s for spodumene and probably represents one of the first spodumene operations in North America. The central, most economic, portion of the pegmatite is composed of lepidolite surrounded by an envelope of spodumene and quartz. The lepidolite zone outcrops as three large masses with lengths and maximum widths as follows: 23 m x 6 m (75 x 20 ft); 12 m x 4 m (40 x 12 ft); 5.5 m x 3 m (18 x 11 ft); it is also found in a westerly cut over a width of 2 m (6.5 ft). Spodumene is known to outcrop over a 334 m2 (3600 sq ft. A quartz-spodumene crystal measuring 91 cm x 17 cm (3 ft x 7 inch) was reported near the core zone back in 1933.

Historic drilling of the Silverleaf Pegmatite from the 1950’s indicated a tabular pegmatite body dipping 30? S and extending 168 m (550 ft), while ranging in thickness from 5 to 11 m over a drilled length of 245 m.

The Company’s Phase One Exploration Program in 2018, sampled several of the known lithium-bearing pegmatites. The purpose of the exploration program was to obtain modern-day assay analyses of the Pegmatites and to ground proof some of the historic Pegmatite locations. Numerous Pegmatites and Pegmatite swarms were not sampled in the 2018 program and will be explored during the 2020 fall program.


Click Image To View Full Size

Figure 2: Annie Pegmatite showing an outcrop with abundant SQUI (Spodumene Quartz Intergrowths) mineralization – The pen in the photo is 8 cm in length.

About NAM

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The Company has two divisions; a Platinum Group Metals division and a Lithium/Rare Element division. The PGM division includes the 100% owned River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario as well as the Genesis PGM Project in Alaska. The Lithium division is the largest mineral claim holder in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements such as tantalum and rubidium. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. The Company is actively seeking an option/ joint venture partner for its road-accessible Genesis PGM project in Alaska and for our Lithium division in Manitoba.


Click Image To View Full Size

Figure 4: White spodumene blades in a matrix of lepidolite (Lithium Mica) from the Silverleaf showing.

New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 138,854,511 shares issued to date. Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. Any questions or comments can be directed to [email protected] or Harry Barr at [email protected] or Cody Hunt at [email protected] or call 613 659 2773.

About the River Valley Palladium Project

The details of the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were announced in the press release dated August 9, 2019 and are described on NAM’s website. The pit constrained Updated Mineral Resource Estimate formed the basis of the PEA. At a cut-off grade of 0.35 g/t PdEq, the Updated Mineral Resource Estimate contains 2.867 Moz PdEq in the Measured plus Indicated classifications and 1.059 Moz PdEq in the Inferred classification. The PEA is a preliminary report, but it demonstrates that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium production. Refer to the NAM website (www.newagemetals.com) for details.

Global Mining Symposium


New Age Metals is pleased to announce that the Company will be participating in next week’s Global Mining Symposium. Harry Barr will be presenting at 2:10 PM EST on Tuesday, September 1. To view details of the event, click here.

Opt-in List

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.

Qualified Person

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release with regard to technical aspects of the Lithium Division.

On behalf of the Board of Directors

Harry Barr”

Harry G. Barr

Chairman and CEO

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.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Iconic $ICM.ca Initiates Drilling Program at Bonnie Claire Lithium Project, Nevada $LI.ca $MGG.ca $PAC.ca $CYP.ca $NEV.ca

Posted by AGORACOM-JC at 9:12 AM on Tuesday, August 11th, 2020
  • Announced that it has mobilized a drill crew and drilling equipment to the Bonnie Claire Lithium Deposit in Nevada
  • Exploration program will consist of 3-5 vertical reverse circulation (RC) holes 90-120 meters (300-400 feet) in depth and 2 vertical core holes 90-120 meters (300-400 feet) in depth

Vancouver, British Columbia–(August 11, 2020) – Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (“Company” or “Iconic”) is pleased to announce that it has mobilized a drill crew and drilling equipment to the Bonnie Claire Lithium Deposit in Nevada. The drilling contract was signed with Harris Exploration Drilling of Fallon, Nevada, for both core and RC drilling.

The exploration program will consist of 3-5 vertical reverse circulation (RC) holes 90-120 meters (300-400 feet) in depth and 2 vertical core holes 90-120 meters (300-400 feet) in depth (the “Drill Holes”). The RC drilling will provide additional samples for metallurgical testing as well as expand the existing resource. The core holes will be the first drilled on the Bonnie Claire Project, and will be used in engineering studies for a Preliminary Economic Assessment (PEA).

All of the planned Drill Holes are south of Iconic’s previous deep drilling (BC1601-1801) in an area of linear lithium anomalies found by surface grid sampling. It is hoped that the sediment hosted lithium will begin very shallow in this area which may allow for future bulk sampling using an excavator. In past drilling the shallowest depth of lithium rich sediments that was intercepted was at 6 meters (20 feet) and contained +600 ppm Li, which increased at depth with Li values up to 2250ppm. In addition to collecting the sediments for testing, because the surface anomalies may indicate near-surface lithium brine, preliminary semi-quantitative brine samples will also be taken from all holes during drilling.

The Bonnie Claire Lithium Property Characteristics:

The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

On behalf of the Board of Directors

SIGNED: “Richard Kern

Richard Kern, President and CEO
Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

For further information on ICM, please visit our website at www.iconicminerals.com
The Company’s public documents may be accessed at www.sedar.com

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.

#Palladium, #rhodium demand to remain, despite #virus outbreak SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 5:40 PM on Thursday, March 5th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium, rhodium demand to remain, despite virus outbreak: analyst

  • Though the coronavirus outbreak may affect near-term automobile demand, long-term demand for palladium and rhodium will remain unchanged

By: Nick Jonson

Washington — Though the coronavirus outbreak may affect near-term automobile demand, long-term demand for palladium and rhodium will remain unchanged unless automakers substitute for other metals, managing director Frederic Panizzutti of MKS Dubai said.

“If I was a carmaker, I would definitely stock palladium while the price is lower, and I believe this is going to keep palladium strong, even if the demand goes down in China, the UK, or the demand for parts decreases,” Panizzutti said in an interview this week.

Rhodium and palladium, along with platinum, are used in automobile catalytic converters to control emissions of certain greenhouse gases and pollutants.

“It’s a bargain for car manufacturers to be able to acquire palladium if it goes lower; it’s been a one-way street for months now,” Panizzutti said, referring to the recent rallies in palladium and rhodium.

NYMEX palladium has risen nearly 25% since the start of the year to reach an intraday high of $2,789.80/oz on February 27. NYMEX palladium for June delivery closed at $2,469.40/oz on Thursday.

Rhodium, which is not traded on major exchanges, has risen nearly 114% since the start of the year. The Platts New York Dealer rhodium price was assessed at $12,700-$13,000/oz on February 27.

Analysts have attributed the sharp price increase to automakers trying to secure enough metal for catalytic converters that meet new emissions standards in China, India and Europe, as well as the US and UK.

Further spread of the coronavirus outbreak globally could reduce automobile demand, along with the projected 1 million oz supply deficit in palladium, Panizzutti said.

The China Passenger Car Association on Wednesday said new car sales in China had plummeted 80% in February from a year ago, the biggest monthly decline on record, though it declined to provide a figure.

Analysts attributed the declining sales to government restrictions to limit the spread of the coronavirus in China, where it began in Hubei Province. Hubei is a major auto manufacturing hub in China.

But even if the coronavirus outbreak becomes a global pandemic, governments and businesses will have to adapt as they do nearly every year with widespread influenza outbreaks, Panizzutti said.

Automobile production, and by extension palladium and rhodium demand, would continue, though possibly at a lower rate, he added.

PLATINUM SUBSTITUTION

“I believe the palladium price now is far over the threshold that automakers are willing to accept,” Panizzutti said.

But substituting platinum for palladium in catalytic converters takes time due to design and testing procedures, he noted.

“In my opinion, it should happen, whether it takes several months or longer because the palladium situation is unsustainable. And I see no reason why the situation should change if nothing changes in the supply/demand balance,” Panizzutti said.

“And the only way to change the supply/demand balance is to switch partially or totally from palladium to platinum. If there is no switch, the situation will be the same and will remain a struggle for manufacturers to get hold of material,” he said.

Source: https://www.spglobal.com/platts/en/market-insights/latest-news/metals/030520-palladium-rhodium-demand-to-remain-despite-virus-outbreak-analyst

Iconic $ICM.ca Provides Update on Drilling Program and Phase 2 Metallurgical Testing For Bonnie Claire #Lithium Project, Nevada $LI.ca $MGG.ca $PAC.ca $CYP.ca $NEV.ca

Posted by AGORACOM-JC at 10:15 AM on Thursday, February 20th, 2020
  • Announced that it is planning a spring drilling campaign as soon as the weather is conducive for entry into the Bonnie Claire Lithium Deposit in Nevada
  • Iconic has received an update from St-Georges Eco-Mining Corp. regarding Phase 2 metallurgical testing of the lithium-rich sediment from Iconic’s Bonnie Claire lithium deposit in Nevada

Vancouver, British Columbia–(February 20, 2020) – Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (“Company” or “Iconic”) is pleased to announce that it is planning a spring drilling campaign as soon as the weather is conducive for entry into the Bonnie Claire Lithium Deposit in Nevada.

Iconic has received an update from St-Georges Eco-Mining Corp. (“St-George”) (CSE: SX) regarding Phase 2 metallurgical testing of the lithium-rich sediment from Iconic’s Bonnie Claire lithium deposit in Nevada. Iconic is encouraged by this update and is sending additional drill cuttings to meet St-Georges’ requests and allow further progress toward completing the Phase 2 report.

St-Georges is proceeding with the next stages of tests within Phase 2, where its current focus is the optimization of chemicals consumption and purification steps to meet the requirements for lithium hydroxide. Iconic looks forward to receiving further metallurgical results from St Georges.

The Bonnie Claire Lithium Property Characteristics:

The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

On behalf of the Board of Directors

SIGNED: “Richard Kern

Richard Kern, President and CEO
Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

For further information on ICM, please visit our website at www.iconicminerals.com
The Company’s public documents may be accessed at www.sedar.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52593

#Palladium Surges to Record Despite Slowdown Concerns in China SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 2:23 PM on Wednesday, February 19th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Palladium Surges to Record Despite Slowdown Concerns in China

  • Palladium prices have surged on high demand from automakers seeking to meet stricter emission standards as world governments look to combat climate change and growing pollution levels.

By Max Chen

The palladium ETF rallied Tuesday, with palladium prices hitting record highs, even as the coronavirus outbreak threatens to shutdown carmakers and delay industrial plants in China, the world’s biggest consumer of the precious metal.

The Aberdeen Standard Physical Palladium Shares ETF (NYSEArca: PALL), which seeks to reflect the performance of the price of physical palladium, advanced 6.1% Tuesday while the palladium spot price rose 2.9% to $2,593.8 per ounce.

Palladium prices have surged on high demand from automakers seeking to meet stricter emission standards as world governments look to combat climate change and growing pollution levels.

Meanwhile, the coronavirus outbreak has disrupted normal car production in China as factors were forced to stop operations to curtail the spread of the contagion, the Wall Street Journal reports. For example, Germany’s Volkswagen AG postponed production at some of its Chinese-operated plants until next week as the quarantine of nearly 60 million people limits transportation of both parts and workers.

While the work has diminished short-term demand, palladium prices still jumped to record highs on ongoing supply constraints, with miners producing less of the precious metal.

“It’s the most dysfunctional market I’ve ever seen in my life,” Michael Widmer, an analyst at Bank of America, told the WSJ, adding that car manufacturers could be forced to electrify their vehicle fleets faster than previously planned if palladium keeps getting more expensive.

Palladium demand has surged in recent years as the European Union and China implemented stricter car emission standards, amid concerns over the impact of certain pollutants on public health. Consequently, palladium, which applied to catalytic converters that are fitted to gasoline-driven cars, is in high demand as a highly effective way to convert toxic gases like carbon monoxide into substances that are less toxic to inhale.

Almost all gasoline cars manufactured in China this year will be held to the new emissions standards, or up from two-thirds in 2019. Consequently, U.K.’s Johnson Matthey calculated that this will increase the average amount of palladium required in each catalyst and could lift global demand for the precious metal in the auto sector above 10 million ounces.

On the other hand, supply has not been as quick to meet the rise in demand. Palladium is typically produced as a byproduct of palladium, and miners don’t want to inundate the weak platinum market with even more supply.

Consequently, Anglo American Platinum Ltd projected that global demand for palladium will exceed production by 1.9 million ounces in 2020.

Source: https://www.etftrends.com/alternatives-channel/palladium-etf-surges-to-record-despite-slowdown-concerns-in-china/

INDUSTRY BULLETIN: David Jensen: As #Palladium Continues To Soar, Is #Platinum Next… SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 4:51 PM on Tuesday, February 18th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

David Jensen: As Palladium Continues To Soar, Is Platinum Next…

Chris Marcus, Arcadia Economics

Most in the Wall Street mainstream have yet to notice that the price of palladium has more than doubled in the past 2 years. As the market continues to show signs of a shortage, with no easy resolution in sight. Which David Jensen of Jensen Strategic has been far ahead of the markets in forecasting.

So I was fortunate to have David join me on the show and explain what’s happening. Explain how the imbalance is going to have to be resolved. And share what he’s now seeing in the platinum market, where the lease rate indicates a similar pattern might soon be underway.

Of course this does have the potential to filter over to the other precious metals markets like gold and silver. So to find out what’s happening from the man who forecast it over a year in advance, click to watch the interview now!

Source: David Jensen: As Palladium Continues To Soar, Is Platinum Next…

Don’t expect a U-turn in #palladium’s epic rally – SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 12:18 PM on Friday, February 14th, 2020

SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

Don’t expect a U-turn in palladium’s epic rally

  • The silver-white metal, used to remove toxic emissions from the exhaust fumes of petrol and hybrid cars, has surged more than 200 per cent over the past five years and last month hit a record of more than $2,500 an ounce

Neil Hume, Natural Resources Editor

Correlation may not be proof of causation but it is difficult to see any other explanation for London’s catalytic-converter crime wave than the record-breaking rally in palladium prices. The silver-white metal, used to remove toxic emissions from the exhaust fumes of petrol and hybrid cars, has surged more than 200 per cent over the past five years and last month hit a record of more than $2,500 an ounce. At the same time, thefts of catalytic converters in the UK capital jumped — from 867 in 2015 to 8,248 in 2019, according to the Metropolitan Police.

The force has urged car owners to be vigilant and consider buying protective sleeves for their catalytic converters. After nearly a decade of undersupply, the world is now critically short of palladium and its sister metal rhodium. In part, this reflects sluggish supply. Production of these metals is constrained because they are mined as a byproduct of platinum and nickel — commodities where new projects have been few and far between.

At the same time, demand is booming. Tougher emissions legislation and stricter vehicle-testing regimes in the wake of Germany’s “Dieselgate” scandal saw the automotive industry buy a record 9.7m ounces of palladium last year, according to Johnson Matthey, a producer of catalysts. That is why industry executives say talk of a palladium bubble is misplaced. “I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium,” Neal Froneman, chief executive of producer Sibanye-Stillwater, told the Financial Times last week. “You can’t run deficits and consume surface stockpiles and inventories for ever and a day.

At some point that turns into a real shortage. And that’s what happened in rhodium and I dare say it could happen in palladium.” Johnson Matthey reckons demand outstripped supply by 1m ounces last year and says a further rise in automotive demand will push the 11.5m ounce-a-year palladium market deeper into deficit. While a coronavirus-induced slowdown in the Chinese car sector could reduce the size of the shortfall, most analysts expect the market to remain undersupplied. Standard Chartered estimates China’s car production would have to plummet 28 per cent before the market deficit is eroded by declining demand. Assuming that does not happen, prices look set to push higher unless there is a sudden mobilisation of stockpiles. These include a stash of the metal owned by Russian miner Norilsk Nickel.

It was purchased from the country’s central bank many years ago and Johnson Matthey reckons 1m ounces there might be available, but no one is really sure. For nervous car owners, a protective device for their catalytic converters still looks like a sound investment.

Source: https://www.ft.com/content/557a69f4-4e4c-11ea-95a0-43d18ec715f5