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INTERVIEW: Opawica $OPW.ca Discusses Bazooka Drill Program on Strike to Yorbeau-Kinross Rouyn Property #Gold #Mining

Posted by AGORACOM-JC at 10:07 AM on Wednesday, August 16th, 2017

Monarques Gold $MQR.ca Intersects 23.20 G/T AU Over 0.4 M and 15.85 G/T AU Over 1 M on Simkar #Gold

Posted by AGORACOM-JC at 8:59 AM on Wednesday, August 16th, 2017

To be the leading explorer and developer of gold properties in the Val D'Or / Abitibi Camp (CNW Group/Monarques Gold Corporation)

  • 11.30 g/t Au over 0.7 metres in Hole CR-17-03;
  • 15.85 g/t Au over 1.0 metres in Hole CR-17-04;
  • 14.85 g/t Au over 0.7 metres in Hole CR-17-05;
  • 23.20 g/t Au over 0.4 metres in Hole CR-07-06.

The Corporation intercepts multiple gold-bearing zones in the western extension of Diorite A

MONTREAL, Aug. 16, 2017 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to report the results for the 2,500-metre drilling program on its Simkar Gold property, located approximately 20 kilometres east of Val-d’Or, Quebec, and less than 3 kilometres from the Company’s Beacon Gold mill (see map).

The program was designed to test the western extension of the “Diorite A”-hosted gold-bearing zone containing some of the mineralization of the Louvicourt Goldfields mine located at the centre of the Simkar Gold property, which was in production from 1945 to 1949 and 1987 to 1993. The four drill holes of the program (Figure 1) confirmed the presence of multiple gold zones in the western extension of “Diorite A”, with results including: 11.30 g/t Au over 0.7 metres in Hole CR-17-03; 15.85 g/t Au over 1.0 metres in Hole CR-17-04; 14.85 g/t Au over 0.7 metres in Hole CR-17-05; and 23.20 g/t Au over 0.4 metres in Hole CR-07-06. The overall results for the program were as follows:

Hole

From
(m)

To
(m)

Length
(m)

Au
(g/t)

SK-17-03

78.6

81.3

2.7

2.96

including

79.6

80.3

0.7

11.30

SK-17-03

177

198.1

21.1

1.02

including

183.75

192

8.25

1.97

SK-17-03

420

420.3

0.3

5.46

SK-17-03

428.7

429

0.3

1.20

SK-17-03

439.4

440.2

0.8

1.74

SK-17-03

482

497.1

15.1

1.35

including

486.7

489.4

2.7

3.53

SK-17-03

493.8

496.6

2.8

3.21

SK-17-04

9.5

38.6

29.1

0.71

including

14.9

16.7

1.8

3.30

including

23.9

25

1.1

3.05

including

29

33.1

4.1

1.93

SK-17-04

59.6

60.3

0.7

2.77

SK-17-04

174.3

177.2

2.9

2.27

including

174.3

175.3

1

6.43

SK-17-04

199.2

200.2

1

3.22

SK-17-04

420

421

1

2.77

SK-17-04

471.5

472.1

0.6

1.62

SK-17-04

521

522

1

15.85

SK-17-05

90

94.2

4.2

3.34

including

92.4

93.1

0.7

14.85

SK-17-05

100.3

101

0.7

3.51

SK-17-05

448.7

449.5

0.8

1.08

SK-17-05

561.5

562

0.5

1.25

SK-17-06

304.1

304.7

0.6

2.22

SK-17-06

354.4

354.8

0.4

23.20

SK-17-06

474

474.5

0.5

3.47

SK-17-06

556.5

556.8

0.3

4.59

SK-17-06

587.7

588

0.3

1.96

 

The widths shown are core lengths; true width cannot be estimated.

“We are pleased with the results at Simkar Gold, particularly given that our four holes intercepted multiple mineralized zones down to a depth of around 600 metres, including a few sections with high gold grades,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Clearly, the Simkar Gold property has good gold potential that we will continue to test during our next phase of work. Our objective is to increase the resources on our gold properties around the Beacon mill with a view to eventually producing at full capacity.”

The technical and scientific content of this press release has been reviewed and approved by Vincent Jourdain, Eng., Ph.D.  Mr. Jourdain is employed by MRB & Associates and is a qualified person under National Instrument 43‑101.

Sampling normally consisted of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or for assaying. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 3.0 g/t are re-assayed using the gravity method, and samples containing gold grains are assayed using the metallic sieve method. Monarques uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties (see map) along the Cadillac Break, as well as its main asset, the Croinor Gold mine, which has great potential to become a producing mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec’s Ministry of Energy and Natural Resources.

(Watch our latest Corporate Video)

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services. Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Monarques Gold Corporation

 

View original content with multimedia: http://www.newswire.ca/en/releases/archive/August2017/16/c2805.html

Jean-Marc Lacoste, President and CEO, 1-888-994-4465 x 201, jm.lacoste@monarquesgold.com, www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465 x201, e.tremblay@monarquesgold.com, www.monarquesgold.comCopyright CNW Group 2017

Grizzly $GZD.ca – 9M Oz of #Gold Produced or As Resources Nearby

Posted by AGORACOM-JC at 2:50 PM on Tuesday, August 15th, 2017

Gzdnew

WHY GRIZZLY DISCOVERIES?

  • More than 9 million oz Au produced or as resources in a radius of less than 70KM to Greenwood project
  • Portions of Grizzly’s Greenwood Project being explored by Kinross through option agreement
  • Only 55.5M Shares outstanding

Greenwood Gold District

Grizzly owns 100% interest in over 220,000 acres (along with an 80% interest in an additional 8,500 acres) in the historically productive Republic-Greenwood gold district along the BC/USA borderThe Republic/Greenwood district has collectively produced more than 7 million ounces of gold with an additional 2+ million ounces of resources* in the area. There has also been over 650 million pounds of copper production adjacent to and in the area of the Greenwood property.

Explor Commences an Exploration Program on the East Bay Property $EXS.ca

Posted by AGORACOM-JC at 12:23 PM on Tuesday, August 15th, 2017

Exs logo

  • Announced the beginning of a diamond drill program consisting of 3,000 meters
  • During the winter of 2017, the Corporation completed a geophysical surveys consisting of airborne mag, VLF and EM by helicopter on the property

ROUYN-NORANDA, CANADA–(Aug. 15, 2017) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the beginning of a diamond drill program consisting of 3,000 meters. During the winter of 2017, the Corporation completed a geophysical surveys consisting of airborne mag, VLF and EM by helicopter on the property. This airborne program has defined some very interesting structures on the property.

The Corporation also increased the Property by staking 12 claims over the last few months. The East Bay Property now consists of 347 claims located in the Duparquet, Hébécourt, Dufresnoy and Destor Townships, representing a total of 11,005.90 hectares as shown on the attached plan. The acquired claims are all along the Porcupine Destor Fault Zone (PDFZ). Explor has recently completed a surface reconnaissance and exploration program where grab samples were taken that graded up to 93 and 100 g/tonne gold.

This program is in line with the Corporation’s strategy of conducting exploration along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 65 million oz of gold. Explor’s East Bay property is contiguous and wraps around the western and northern portion of the former Clifton Star Resources’ Duparquet property.

The East Bay Gold Property is located to the west of the Consolidated Beattie and Donchester Gold Property and contiguous to the ground on which the former Clifton Star Resources Inc. intersected wide width of gold mineralization (Press Releases dated June 19 and June 6, 2013). The former Consolidated Beattie and Donchester Gold Mines, produced over 1.0 million oz of gold between 1933 and 1956. The former Clifton Star in a previous press release announced (Press Release dated April 09, 2014) significant proven and probable reserves of 1,895,530 oz at 1.50 g/t Au and a measured and indicated resource of 1,127,972 oz at 1.48 g/t Au on their property.

The current exploration program will be based on the coincident geophysical and geochemical anomalies as well as a study by CONSOREM using Paleo-Stress Modeling as it related to the mineralization along the PDFZ in the Duparquet Mining Camp.

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

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

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

About Explor Resources Inc.

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

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

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

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

A map is available at the following link: http://media3.marketwire.com/docs/1100916a_map.pdf

Christian Dupont
President
888-997-4630 or 819-797-4630
819-797-1870
www.explorresources.com
info@explorresources.com

Opawica Explorations Inc. Announces Drill Mob at Bazooka Property on Strike to Yorbeau-Kinross Rouyn Property, Quebec; and up to $1,200,000 Private Placement

Posted by AGORACOM-JC at 12:14 PM on Tuesday, August 15th, 2017

Opw

  • Commenced mobilization of an initial Phase I drill program of up to four holes at its 100% owned Bazooka gold property
  • Drill program will consist of one deep hole of approximately 1,000 metres to test for gold mineralization at depth

Vancouver, British Columbia–(August 15, 2017) – Opawica Explorations Inc. (TSXV: OPW) (the “Company”) announces that the Company has commenced mobilization of an initial Phase I drill program of up to four holes at its 100% owned Bazooka gold property located near Rouyn-Noranda, Quebec.

The drill program will consist of one deep hole of approximately 1,000 metres to test for gold mineralization at depth associated with the Cadillac Larder Lake Break and related stratigraphy. The hole will also serve as a platform to conduct down hole geophysics.

Three holes are planned to be drilled to fill in certain areas between past drilling at depths of up to 200 metres. Following this drilling, the Company will be in the position to proceed with a further Phase II drilling program that will include a resource calculation on the eastern 300 metre portion of the Bazooka property.

The initial 1,000 metre hole will be drilled first and is expected to commence drilling in the next two weeks and should be completed within 30 days.

ABOUT THE BAZOOKA PROPERTY

The Company’s Bazooka property adjoins the Yorbeau Resources Inc. (“Yorbeau”) – Kinross Gold Corporation (“Kinross”) optioned Rouyn property where up to 22,000 metres of drilling has been completed by Kinross as operator along certain sections of the 9 kilometre strike length of the Rouyn property. Some of this drilling has been completed within a few hundred metres of Opawica’s eastern boundary near the Augmitto shaft on the Rouyn property.

The Bazooka property hosts significant gold mineralization starting at the eastern border of the Yorbeau-Kinross Rouyn ground to at least 800 metres to the west on Bazooka. The Bazooka property is open on strike for seven kilometres to the west and is open at depth. Of the seven kilometres of strike length on the Bazooka property, only 800 metres have been tested within 300 metres of surface.

Past holes drilled by previous operators and current holes drilled by Opawica in 2017 have returned holes, such as and ranging between, 54.8 metres at 0.65 g/t Au (Opawica-2017), 48 metres at 1.38 g/t Au (uncut -2017 restated from Lake Shore Gold (“LSG”, 2003); 17 metres at 7.86 g/t Au as well as 3.20 metres @ 12.49 g/t Au (RT Minerals Corp 2011); and 94 g/t Au over 1.25 metres (LSG 2004) as well as other gold bearing intercepts. All of the above intercepts are estimated at 80 to 85% true widths and all of the above gold mineralization is within 300 metres of surface.

Mr. Yvan Bussieres, P.Eng., is the Qualified Person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.

PRIVATE PLACEMENT

The Company proposes to undertake a private placement to raise gross proceeds of up to $1,200,000 (the “Offering”). The Company proposes to raise up to $400,000 through the sale of up to 8,000,000 non flow-through units priced at $0.05 (the “NFT Units”) and up to $800,000 through the sale of up to 10,000,000 flow-through units priced at $0.08 (the “FT Units”). Each NFT Unit consists of one common share and one half of a share purchase warrant, with each whole warrant (the “Warrant”) exercisable into one further common share at a price of $0.10 for a term of one year. Each FT Unit consists of one flow-through common share and one half of a share purchase warrant, with each whole Warrant exercisable into one further common share at a price of $0.10 for a term of one year.

The Warrants will contain an accelerated expiry clause such that, in circumstances where the closing price of the shares of the Company on the TSX Venture Exchange is $0.15 or greater for a 20 day consecutive trading period, they will expire if not exercised 14 days following the 20 day trading period.

The Offering will be conducted under available exemptions from the prospectus requirements of applicable securities legislation and participation in the Offering will be available to existing shareholders in qualifying jurisdictions in Canada in accordance with the provisions of BC Instrument 45-354 (the “Existing Shareholder Exemption”) and similar provisions in other jurisdictions’ securities legislation and will be available to persons in qualifying jurisdictions in Canada who have obtained advice as to the suitability of the investment from a person registered as an investment dealer in accordance with the provisions of BC Instrument 45-536 and similar provisions in other jurisdictions’ securities legislation.

The Company has set August 11, 2017 as the record date for the purpose of determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. Qualifying shareholders who wish to participate in the Offering should contact the Company as detailed below. If the Offering is oversubscribed, units will be allocated pro rata amongst all subscribers.

The proceeds from the sale of the flow-through portion of the Offering will be used for exploration activity on the Company’s 100% owned Bazooka gold property. The proceeds from the sale of the non flow-through portion of the Offering will be used for general working capital.

A finder’s and/or administrative fee of up to 10% may be paid to registered representatives in connection with the Offering. The fee will be comprised of 50% cash and 50% common shares at $0.05 per share.

The Offering is subject to the acceptance of the TSX Venture Exchange.

For more information, please visit the Company’s website at www.opawica.com.

FOR FURTHER INFORMATION CONTACT:

Paul Antoniazzi
Managing Director
Opawica Explorations Inc.
Telephone: 604-681-3170
Fax: 604-681-3552

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

Forward-looking Statements

Certain statements in this press release relating to the Company’s exploration activities, project expenditures and business plans are approximate and are “forward-looking statements” within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as adverse market conditions, mechanical failure, unavailability of parts, labor disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties may not achieve any category of resource(s). The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold, equity markets or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. There is no guarantee that drill results reported in this news release or future releases will lead to the identification of a deposit that can be mined economically, and further work is required to identify resources and reserves.  We seek safe harbour. 

HPQ to Start Expanded Geophysics Program on Beauce to Delineate the Boundaries of its Newly Discovered Major Fault Line #Gold $HPQ.ca

Posted by AGORACOM-JC at 11:06 AM on Tuesday, August 15th, 2017

Hpq large

  • Beauce Gold Fields Inc will immediately start a geophysics program in order to further delineate the boundaries of the company’s recently discovered major fault that rises beneath the historical placer gold deposit

MONTREAL, QUEBEC–(Aug. 15, 2017) – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to announce that its 100% own subsidiary, Beauce Gold Fields Inc (“BGF”), will immediately start a geophysics program in order to further delineate the boundaries of the company’s recently discovered major fault that rises beneath the historical placer gold deposit, (HPQ Press release May 11, 2017) on BGF 100% owned Beauce Gold Fields property located in the municipality of St-Simon-Les-Mines in the Beauce region of Quebec.

The work program will consists of two lines audio-magnetotelluric (AMT) surveys, 2 lines of Electrical resistivity tomography (ERT) surveys and multiple gravimetric surveys, and will be done under the supervision of Professor Marc Richer-LaFlèche, Ph.D. Geo of the INRS.

Patrick Levasseur, President and COO of HPQ Silicon stated, “This is an important follow-up to the discovery of the major fault line as this will narrow our search of the hard rock source of the St-Simon-Les-Mines gold placers, and since the equipment and the INRS technical team was already mobilized in the area, we just could not pass on this opportunity and wait until next year to have this important work done.” Mr. Levasseur also stated, “Also exciting is the addition of ERT surveys over an unexplored area of the old gold mines along the Giroux creek were some of the largest nuggets were found in the past.”

Audio-magnetotelluric (AMT) surveys of high vertical penetration will be conducted parallel to the east along Rang 6 road and along Rang Chaussegros road to the west of the previous survey that was carried out along a 5.6 km section along the St-Gustave road. This path crosses perpendicularly the stratigraphy of the Beauceville Formation and its main regional structures. Results will be used to to locate the direction of the major fault identified from the survey conducted on the St-Gustave Road. The survey will also be used to document the presence of conductors that may be associated with massive polymetallic sulphides deposits as suggested in the last survey.

Electrical resistivity tomography (ERT) surveys will be made on both sides of the Giroux Creek extending past its confluence at the Gilbert river to end on lot #, on realestate owned by the Company. (southwestern part of the map in Figure 1). This area was mined in the nineteenth and early twentieth century (shafts and tunnels) and two of the largest gold nuggets discovered in the Beauce come from this sector. Geophysical imagery should allow visualization of the geometry of the quaternary units and detect electrically polarizable zones located in the bedrock (sulphide zones).

Gravimetric survey: Given the presence of volcaniclastic rocks and graphitic shales (electrically conductive), gravimetry is the best method for detecting the presence of massive sulphides of the Champagne type (VMS, Sedex) in the St-Simon- the mines.

Mr. Benoit Violette, P. Geo is the Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

Beauce Gold Fields Spinout to be done by Plan of Arrangement

The Company is proceeding with the spinout of its Beauce Gold Fields Inc subsidiary via a listing on the TSX-Venture exchange by way of a court-approved statutory Plan of Arrangement. Legal counsel is finalizing the Plan that will be submitted to the court, once the plan has been pre-approved by the TSX-V.

This step is required in order to obtain an interim order from the court of the Plan, so that thereafter the Plan of Arrangement can be subject to the approval of the company’s shareholders at a special shareholder meeting to be called for the purpose of seeking such approval.

After having received approval of the Plan the Company will petition the court for a definitive approval of the spinout. Only upon reception of the definitive approval by the court can the Board of HPQ elect a date of record, after consultation with the TSX-V.

Further details and updates will be provided to shareholders and other stakeholders via news releases only.

Other Corporate subjects

Shares For Services Program: In accordance with the agreement between HPQ-Silicon and AGORACOM (see Uragold press release July 18, 2014), extended by both Parties from July 15, 2016 to July 15, 2017 under the same terms and conditions (see HPQ press release September 16, 2016), is extended by both Parties for an additional year, from July 15, 2017 to July 15, 2018 under the same terms and conditions.

In accordance with the shares for services agreement between HPQ and AGORACOM on August 10, 2017, HPQ Board approved the issuance of 78,470 common shares at a deemed price of $0.18 per share to pay $14,125 for services rendered during the period from January 16, 2017, ending April 15, 2017. Furthermore, today, HPQ Board has approved the issuance of 113,000 common shares at a deemed price of $0.125 per share to pay $14,125 for services rendered during the period from April 16, 2017, ending July 15, 2017.

About Beauce Gold Fields

Beauce Gold Fields Inc (BGF) is a wholly owned subsidiary of HPQ Silicon. HPQ is in the process of “Spinning Out” Beauce Gold Fields into a new publicly trading junior gold company.

The Beauce Gold Fields project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 152 claims 100% owned by HPQ, the project area hosts a six kilometer long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite).

The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries. The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s.

A Beauce Gold Fields presentation is available. It can be downloaded via link below
http://www.hpqsilicon.com/wp-content/uploads/2017/07/BGF-Presentation-V-Jul-2017.pdf

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.999+% Si) producer.

Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated High Value Silicon Metal and Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

Disclaimers:

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.

To view the photo associated with this press release, please visit the following link: http://media3.marketwire.com/docs/1100909_HPQSt-Simon-les-Mines_Geophysics.jpg

Patrick Levasseur
President and COO
(514) 262-9239

Bernard J. Tourillon
Chairman and CEO
(514) 907-1011
www.HPQSilicon.com

NEW CLIENT ALERT: AGORACOM Welcomes CKR Carbon Corporation $CKR.ca

Posted by AGORACOM-JC at 11:04 AM on Tuesday, August 15th, 2017

Ckr large

WHY CKR CARBON?

  • Only historical graphite producer in Namibia
  • High grade vein type deposit
  • Produced 25,000 tonnes of graphite periodically between 1940 and 1974
  • Occurs within a shear zone within the Namaqua Complex
  • Medium to large flake distribution
  • Located 120 miles from the Port of Luderitz
  • Underground water available on site

 

View Aukam Graphite Deposit 2016 Technical Report

CKR is an emerging Advanced Materials company focused on developing its 63% owned Lump graphite mine in Namibia. CKR expects to generate revenue supplying feed to a pre-existing processing facility in Namibia for refinement. CKR intends use of proceeds to contribute to its internal development of a Graphene tire to supply to the auto industry within the next 12 to 18 months.

The Aukam Mine

 

Requires Namibian Ministry of natural resources approval (2 environmental assessments) to reinstate all the mine; which has sat idle since 1974. There are open adits, underground narrow high grade veining of high quality, around 20% Carbon.  The graphite has the highest degree of crystallinity of all forms of graphite. There is no need to prove up mine beyond certain parameters, the mine is not the “asset” driving value; it’s the quality and purity of the graphite that allows for better economics in processing into graphene for “future” uses.

It’s the refinement of their “asset” for commercialization purposes that will drive value. CAPEX is very low, starting at 800k, CKR plans to produce 100tonnes of graphite per annum at $80 to 100$ p/t.

Aukam is scaleable – within the context of a growing market.

Commercialization will occur inside Namibia, qualifying the purification/processing of its graphite into a saleable, refined graphene suitable as inputs into the burgeoning Advanced Materials market. CKR intends to utilize its own graphene for development and industrial production of automobile tires containing graphene.  The addition of graphene is intended to reduce wear and tear and achieve greater longevity.

The Aukam mine  is a small though integral element for CKR to augment into its desired state, without it the company would not be as opportunistic  in the belief that they can mine, process and refine to revenue that will support their R&D in an emerging Graphene market. CKR seeks to develop sustainable revenue through Aukam mining that is supportive of internal R&D, developing applications for consumer and commercial uses within the car tire subsegment of the Automobile Industry

Accessibility, Climate, Local Resources, Infrastructure and Physiography

Accessibility

Access to the property farm gate is via a 52.6 km graded gravel road (D446 and D727) from the main tar road (B4 Highway). This road is accessible to conventional cars. From the farm gate to the foot of the range that hosts the deposit (another 1km) is accessible by four-wheel drive gravel track, but essentially all-weather. The mine site workings are on a rugged slope and there is limited access by a bulldozed road. Access to the upper adits and open pit is by foot.

Climate

The Aukam Graphite deposit is located in an area of southern Namibia with both summer and winter rainfall. In the austral summer, daytime temperatures peak in the mid 40° Celsius, while in winter temperatures can go as low as freezing. Rainfall in winter is generally light drizzle with occasional harder falls and sometimes flurries. In summer, the rainfall is associated with occasional thunderstorms and is of short duration, but can be of very high intensity. All of the streams within the area are ephemeral and can flow very strongly after summer rainfall. Average annual rainfall is 50-150 mm.

Infrastructure

The infrastructure in the area is good with access to the site possible throughout the year. The Aukam Graphite deposit is relatively close to a main tar road and well graded so the only construction required would be a ±2 km long access road to site. There is a national power grid that passes 2 km from the property. A link would likely be required. Water is available in large amounts from underground aquifers (there is an old pump station at the foot of the mountain which was used previously to supply operations with water). The nearest rail link is located next to the main highway (some 70 km from site). Suitable areas for tailings dams and flotation plants are available dependent on eventual plant design. The nearest town of Aus is some 87 km away by road. The area is very arid farmland. 

Physiography

The Aukam Graphite deposit lies at an elevation between 1150m and 1300m above sea level. The surrounding area is up until 1450m above sea level at the highest point. The area is rugged with steep sided valleys and abrupt changes in local relief caused by differential erosion.

Geological Setting

The Aukam graphite deposit daylights in an erosional window incised through the hard layers of sedimentary rocks that mantle southern Namibia. The older hosting rocks, known as the Namaqualand Complex, are assemblage of gneisses, marbles, schists, quartzites, amphibolites with nested intrusive rocks including granite and gabbros. This suite of rocks indicates that the entire complex was once deeply buried. Intrusive events of charnockites have been dated between 1300 and 900 million years ago (Kroner and Blignault, 1976). Steep dipping shear zones are common and some are dated by Joubert (1974) around 1200 million years ago.

A prominent flat-lying and resistant sediment layer overlies the erosional unconformity at the top of the Namaqualand Complex. The specific formation has yet to be confirmed; however, it is likely to be the lowest most member of the Nama Group (Dabis Formation).

Hydrothermal alteration is common to some rocks in the window as is pegmatite veining. Both are evidence of hot water flowing through the rock. The graphite occurs at one such site where over-pressured hot waters evidently carrying carbon dioxide and maybe methane mineralized carbon into a zone of broken rock. This hosting “shear zone” is exposed for 350 m.

Reimer (1984) identified the sheared host rock at Aukam as Proterozoic granite hydrothermally altered to kaolinite and speculated on a biogenic origin to the graphite. However, he also considers Mueller’s (1971) opinion that veins from an unspecified location in Namibia sounding like Aukam was an “inorganic derivation of the hydrocarbons”.

Schneider and Genis [2001] have published a brief description of the graphite deposit:

“The zone comprises three parallel lodes. Veins, lenses and pockets of ore, several centimeters wide, dip 70 to 90 degrees to the south. The graphite, which is of the fine-flakey to lumpy type, usually contains malachite specs, while sulphur occurs along cracks. The graphite veins are flanked by a pale-green, highly epidotized and kaolinized granite which is soft and highly decomposed.”

The grayish rock and lineaments in the Aukam shear zone are clearly visible in satellite imagery. An inspection of the satellite data has yet to find a similar structure, although there are multiple locations demonstrating alteration that need to be investigated.

 

 

 

How Esports Will Win The Future And So Will Activision $GMBL.us

Posted by AGORACOM-JC at 9:49 AM on Tuesday, August 15th, 2017
  • When an investing firm which boasts about how few investments it makes, says it’s excited about a company, then it’s time to listen
  • Rossbach says eSports are the future and will likely leave the pro-sports in the dust, at least for investors

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When an investing firm which boasts about how few investments it makes, says it’s excited about a company, then it’s time to listen.

The operation in question is London-based J. Stern & Co., which describes itself as a private investment office — somewhere between a family office and an investment manager.

“We are very long term investors and since inception of the core portfolio in October 2012, we have traded only two or three companies a year,” says Chris Rossbach, chief investment officer at J. Stern.

He and his team have recently been turned on by a new trend that could reap big rewards. Specifically, Rossbach says eSports are the future and will likely leave the pro-sports in the dust, at least for investors. The stock in question is Activision Blizzard.

Visitors play the video game ‘Overwatch.’ Credit: LIONEL BONAVENTURE/AFP/Getty Images

If you don’t already know, eSports are competitive video game sports that people not only like to play but also like to watch when others play.

“The management and CEO of ActivisionBlizzard almost created the industry,” says Rossbach.

If watching others play video games sounds strange to you, don’t worry, there are plenty for whom this is normal. How many? A July-dated report from J. Stern sums it up:

“Newzoo, an expert in video games data, predicts that the global eSports audience will increase to a staggering 385 million people in 2017 and estimates that revenues from eSports will grow from $130 million in 2012 to $696 million this year.”

More than that, the “audience is highly engaged,” says Rossbach.

So eSports has a fast growing audience that is really ‘in’ to gaming as an activity to participate in or as a spectator. The same could be said about other pro sports. Yes, and that is also where the comparison is instructive.

Namaste Announces July Sales of C$1.19M Representing 298% Year-on-Year Increase $N.ca

Posted by AGORACOM-JC at 8:10 AM on Tuesday, August 15th, 2017

Nlogo

  • July 2017 unaudited sales as reported by the Company were CAD$1,196,971
  • 298% increase in July year-on-year sales

VANCOUVER, B.C., Aug. 15, 2017 — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce July 2017 unaudited sales as reported by the Company (including shipping revenues and after discounts and refunds) were CAD$1,196,971 compared to CAD$300,773 in July 2016, representing a 298% increase in July year-on-year sales.

The table below displays a revenue breakdown for Namaste’s various sales channels. These figures represent a 298% monthly year-on-year increase in revenue. Reported revenues declined by 11% in July 2017 when compared with June 2017. This is expected as the summer period is typically soft. Analysis of the larger sites shows a 1% decline in July 2017 when compared with June 2017. Sales increased 20.7% year on year in July on an organic basis in constant currency.

Revenues – July 2017 (CAD$)
Namaste  469,009
EDIT  176,899
Australian Vaporizers  409,928
Green Vapes  11,363
Distribution Goods  92,586
Dropshipping  15,108
Channels  22,078
Total revenues      1,196,971

The table below outlines gross sales of the major sites operated by the Company. Revenues below do not include shipping revenues and are before discounts and refunds.

Selected operating data e-Commerce July 2017 in CAD$      
  traffic conversion         orders      basket price     gross revenues
Namaste  103,918 1.91%  1,985  $241  $478,786
Australian Vaporizers  47,903 3.92%  1,876  $212 $ 398,629
EDIT  260,459 0.86%  2,244  $89  $200,659
GreenVapes  3,183 1.60%  51  $205  $10,462
Total  415,463 1.48%  6,156  $177  $1,088,536

The conversion ratio of Namaste Vapes was 1.91% in July 2017. This compares with 1.96% in June 2017 and 1.76% in July 2016. Traffic consisted of 103,918 visitors in July 2017, representing a significant increase in comparison with 43,350 visitors in July 2016 and 94,139 visitors in June 2017.

The conversion ratio of EveryoneDoesit was 0.86% in July 2017. This compares with 0.87% in June 2017 and 1.05% in July 2016. Traffic consisted of 260,459 visitors in July 2017 repersenting an 11% decline in comparison with 292,423 visitors in July 2016 and a 5% increase in comparison with 247,717 visitors in June 2017. The EveryoneDoesit site was moved from Magento to the Shopify platform in the first quarter of 2017 which caused a slowdown in traffic. The trend shows that the lowest point in traffic was passed in April 2017 and the migration to Shopify has started to show results, hence the month on month increase.

The conversion ratio of Australian Vaporizers was 3.92% in July 2017. This compares with 4.50% in June 2017 and 4.52% in July 2016. Traffic consisted of 47,903 visitors in July 2017, a substantial increase in comparison with 33,420 visitors in July 2016 and 45,040 visitors in June 2017. We believe that the decline in conversion ratio is temporary as Australian Vaporizers moved to the Shopify platform last month. The transition to another platform typically disrupts traffic.

Issued and Outstanding Shares of the Company

During the month of July 2017, the issued and outstanding share amount increased by 822,667 common shares of the Company, resulting from the exercise of warrants.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “We are very pleased to see this amazing year-on-year growth with Namaste showing such strong sales for the month of July which is typically one of the slowest months of the year. Our efforts in implementing machine learning technology and enhancements on our platform are very exciting. We expect to see continued growth going forward into the fall and holiday season.”

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: info@namastevapes.com

Further information on the Company and its products can be accessed through the links below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

www.everyonedoesit.com

www.everyonedoesit.co.uk

FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.

 

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PyroGenesis Additive Announces the Development of New Plasma-Based Process to Produce Metal Powders; Production of MIM Cut in Quantity; Ramp-Up Update $PYR.ca

Posted by AGORACOM-JC at 8:47 AM on Monday, August 14th, 2017

Pyr header 1

  • Developed a new plasma-based process to produce metal powders which, not only enables MIM cut powder production at higher volumes, but may have a greater impact on the market than the Company’s original Plasma Atomization technology
  • Furthermore, the Company announces that the previously announced ramp-up phase for its first powder production system remains on schedule

MONTREAL, QUEBEC–(Aug. 14, 2017) – PyroGenesis Additive, a division of PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR) (OTCQB:PYRNF), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, is pleased to announce today that it has developed a new plasma-based process to produce metal powders which, not only enables MIM cut powder production at higher volumes, but may have a greater impact on the market than the Company’s original Plasma Atomization technology. Furthermore, the Company announces that the previously announced ramp-up phase for its first powder production system remains on schedule.

The Company provides the following highlights and developments to date:

  • On October 26, 2015, PyroGenesis announced that it was re-entering the market to produce metal powders, specifically for Additive Manufacturing (3D printing);
  • On April 7, 2016, PyroGenesis announced its intention to spin-off its Additive Manufacturing capabilities into an independent public entity;
  • On April 27, 2016, PyroGenesis announced that its 3D Printing particle size distribution greatly exceeded expectations;
  • On October 25, 2016, PyroGenesis announced that it had filed a patent for an improved metal powder production process and that the Company was on schedule for a 2017-Q1 powder production system assembly and first production run;
  • On January 23, 2017 and March 14, 2017, PyroGenesis provided updates on 3D Printing and reaffirms that it is on schedule for 2017-Q1 assembly and first production run despite delays with suppliers;
  • On March 30, 2017, PyroGenesis announced that it had completed the assembly of its first powder production system, with its first powder run exceeding expectations, and that the ramp-up, which was already underway, was expected to take place linearly over approximately four (4) months;
  • On April 25, 2017, PyroGenesis announced receipt of its first powder order from a multinational conglomerate, with the down payment already received, and market interest exceeding expectations;
  • On June 7, 2017, PyroGenesis announced receipt of its second powder order;
  • On June 14, 2017, PyroGenesis announced creation of PyroGenesis Additive; and
  • On June 19, 2017, PyroGenesis announced receipt of its third powder order and successful delivery of its first order which included both Titanium and Inconel powders;

Mr. P. Peter Pascali, President and CEO of PyroGenesis, provides an overview of today’s announcement in the following Q&A format:

Q. What exactly is a “MIM cut”? 

A. MIM technically is short for “Metal Injection Molding”. The MIM cut refers to a particularly small metal powder size typically used in metal injection molding, and is now becoming of interest to certain 3D metal printer manufacturers. The metal powder sizes we deal with are measured in microns, with the MIM cut typically being between 5-20 microns, and sometimes as high as 25 microns.

Q. Is PyroGenesis not the inventor of the Plasma Atomization technology? A technology that makes small, metal powders for 3D metal printers, and which in fact, has become the gold standard for the production of titanium powders for the industry?

A. Yes, that is correct. We are the inventors of the Plasma Atomization technology. A technology we use to produce very small, uniform, fully dense and spherical metal powders that flow like water, and which are highly sought after in the additive manufacturing (“AM”) Industry. We first began producing powders using our Plasma Atomization technology for the biomedical industry between 2001-2004. In 2015, PyroGenesis invested approximately $2MM in improving both the production rate and particle size distribution, which led not only to a patent pending, but also to PyroGenesis’ decision to re-enter the market and produce powders for the AM Industry. 

Q. Could you describe the MIM cut in relation to 3D printers and the Plasma Atomization technology’s capabilities?

A. This is a very broad subject but I will try to give a brief overview recognizing the limitations of this forum.

Basically, there are now three (3) broad types of 3D printers using metal powders.

The first (1st) type is electron bean melting (EBM), used, for example, by Arcam printers, now part of GE Additive. EBM manufactures parts by melting metal powder layer by layer with an electron beam in a high vacuum. EBM technology uses the larger/coarsest fraction produced by our Plasma Atomization technology; typically, in the 45-106-micron range.

The second (2nd) type is Laser sintering, used, for example, in EOS, SLM, and Concept Laser printers. These printers use the small to middle fraction produced by our Plasma Atomization technology; typically, in the 15-45-micron range. Most metal printers use this small/middle fraction.

The third (3rd) type is an inkjet type technology, used, for example, by Desktop Metals, and whereby the powders are coated with a binder to “glue” the powders together. These printers require ultra-fine powder, smaller than the powder required for Laser sintering machines, and a size cut that, until recently, PyroGenesis was not focusing on. There are some printers that use inkjet type technology but only need coarser powders, but we are not reviewing these printers here.

Q. Ok, so PyroGenesis’ Plasma Atomization technology is good at addressing the powder needs of the first two (2) types of metal printers, i.e. EBM and Laser sintering, which combined use a powder size of between 15-106 microns; however, what about the third (3rd) type, the inkjet type technology, that uses the ultra fine, or MIM cut requiring a powder size of between 5-25 microns? What is PyroGenesis doing to address this new market?

A. That is a very good question and one that investors have been asking us as of late, and is, in fact, the essence of our announcement today.

PyroGenesis’ Plasma Atomization technology already produces powders for EBM and Laser Sintering in optimal quality and quantities. To the best of our knowledge, only plasma technology can produce the high-quality powders required for these printers.

Ironically, until the interest by 3D inkjet type metal printers in smaller powder sizes, the MIM cut was considered an undesirable by-product of the Plasma Atomization technology, with most of the economic value residing in the other two cuts encompassing the 15-106 powder size distribution.

In fact, several months ago, the Company was approached by a number of companies who were interested in MIM cut titanium powder and whereby it became apparent to us that the appetite for this ultra-fine powder was significant. As a result, we decided to pause our ramp-up phase to make adjustments to our Plasma Atomization technology in order to try and shift the particle size distribution towards this low end of the spectrum, and produce powders in the range required for such “inkjet” type 3D printing machines.

Q. …and were you successful?

A. Beyond our expectations. We were able to develop this new plasma-based process being announced today which in essence has given us significant control over the powder sizes produced, at significantly higher production rates, at less cost. We can now make MIM cut powders in very large quantities with little to no waste; thereby growing with, and enabling, those requiring ultra-fine powder, and meeting their strategic growth needs.

We believe this breakthrough is, if not more significant, then at least as significant as our original Plasma Atomization technology, and is just the beginning of what we can do with this new plasma-based technology. 

Q. What exactly do you mean by this?

A. It seems that we have not reached the limit of this new plasma-based process. By that I mean that once we achieved our goals (i.e. MIM cut, increased production rates), we backed off in favour of continuing with the ramp-up phase. Given our plasma expertise and our familiarity with the technology, we believe we have not even scraped the surface of what this new process can do with respect to production rates and powder quality.

Q. The bottom line is: have you produced MIM cut or is this all theory and conjecture? Plus, can you give us some indication of what production rates and powder quality you are talking about?

A. We most definitely have recently produced MIM cut titanium powder Grade 5. Grade 5 is the grade currently being requested by the third (3rd) type of inkjet printers mentioned above. Of interest is that not only can we make Grade 5 but it seems, though not yet confirmed, that we can also potentially make Grade 23 in the MIM cut. Grade 23 is the highest-grade titanium powder and, to the best of our knowledge, we know of no other powder producer that can make MIM cut titanium Grade 23, let alone in commercial quantities.

With respect to production rates, we consider that to be confidential information, however, suffice it to say that, we have not read anywhere, (i.e. web sites, articles, recent or otherwise) of any other plasma powder producer whose production rates or powder quality exceeds our capabilities. To the best of our knowledge, there is no single plasma-based powder producer that can produce powder in sufficient quality and quantity to serve the whole market, including the ultra-fine powders (or MIM cut) used by inkjet type printers.

Q. How has all this affected the ramp-up schedule, and if any, what challenges?

A. Interestingly enough, we made all these discoveries/improvements while staying true to the ramp-up schedule, that is to say, ramp-up is still scheduled for completion between the end of this coming September and beginning of October. In fact, we are actually slightly ahead of schedule right now, with production rates continuing to exceed our expectations.

The main challenge right now is how to incorporate the current advances announced today within our current platform, while still maintaining our ramp-up commitment and schedule. The beauty of these discoveries/improvements is that they can be incorporated into our existing platform with little to no increase in capital cost; in fact, ultimately, we expect a decrease in both capital and operating costs as a result. Our current strategy is to maintain the ramp-up schedule while integrating these improvements, as time permits, however, at this stage, it is too early for us to determine whether all these improvements will be fully incorporated by the end of the ramp-up phase.

Apart from that, we are experiencing the regular challenges that come with a ramp-up phase, but nothing that hasn’t been solved or isn’t manageable. All in all, we are more than happy with the progress to date.

Q. One last question. How can you make all these improvements, test different metals, and still be on track for ramp-up?

A. That’s a very good question and one that’s difficult to answer as it’s very difficult to convey in writing the buzz that has engulfed PyroGenesis as of late; not just within our powder production business but also within our other lines as well (Drosrite™, chemical warfare agent destruction, the US Navy, just to name a few), and it is within this energized context that the answer lies.

What is the expression? If you want something done give it to a busy man? Well that applies 10-fold at PyroGenesis these days. We are plasma experts and we have built a team of unique individuals who are passionate about their work and challenges and don’t turn off at 5pm. They are constantly thinking about solutions and improvements be it in the shower or on their drive back and forth to work. It is this truly unique team that that has enabled us to successfully introduce plasma-based solutions across a myriad of industries. 

To put this answer in the context of our ramp-up, one has to understand that the ramp-up phase does not take the system down for the full 24-hour day and it is the prudent allocation of these extra time slots for other activities that allows us to maintain the ramp-up schedule.

Q. Conclusion?

A. We are currently in the 17th week of our ramp-up phase and not only are we on schedule but we have during this period (i) produced other metal powders besides titanium (see our press release dated June 19, 2017), and most importantly (ii) have developed a new plasma-based process to produce metal powders which very well may be as game changing as our original Plasma Atomization technology.

We are plasma experts, we are the inventors of the plasma atomization technology, and we are back as a powder producer. Our goal is to enable AM (i.e. 3D printing) to reach new heights while at the same time address the current powder needs of the industry.

Additionally, the Company announces today that CAN$130,500 of warrants have been exercised. “Once again, this exercise of warrants is timely,” said P. Peter Pascali, President and CEO of PyroGenesis. “As we noted in an earlier press release, we are currently looking beyond the ramp-up phase towards increasing production capacity ahead of our original expectations. This exercise of warrants, together with any future exercise of warrants and options, will enable us to implement plans to accelerate our original schedule to increase our production capacity of metal powders for the Additive manufacturing (3D Printing) Industry. We are still looking at ways to have up to three (3) additional powder production systems operating in 2018. To date, our metal powder production strategy is progressing far better than planned, and we are very pleased.”

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). 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 ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.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, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

Rodayna Kafal
VP, Investor Relations and Communications
(514) 937-0002
ir@pyrogenesis.com