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Feature: Gratomic $GRAT.ca The Cleaner Carbon of Tomorrow $DNI.ca $LMR.ca

Posted by Er at 1:08 PM on Wednesday, January 31st, 2018

 

  • Gratomic is focused on the manufacture of high quality, high demand graphenes and graphene derivative products primarily targeted towards elastomers and polymers for automotive tires
  • Intends to cultivate and exploit Aukam graphite to facilitate the manufacture of graphenes for large volume, mass-market applications
  • Gratomic owns 63% of the Aukam graphite mine in southern Namibia which it has developed as its key asset since 2015
  • The Aukam graphite mine is a rare massive vein graphite occurrence which has formerly only been mined commercially in small veins in Sri-Lanka
  • Aukam graphite has been tested and proven in several high value applications including graphitic foils and is currently being tested by an anode manufacturer for performance quality
  • Gratomic recently announced LOI to create Blockchain ecosystem for Gratomic Graphene

 

$GRAT.ca Gratomic to create blockchain for Graphene

Posted by Er at 10:42 AM on Tuesday, January 30th, 2018

 

 

  • LOI with strategic partner to create graphene based Blockchain ecosystem
  • New ecosystem to facilitate distribution and sale graphite produced from its Aukam mine in Namibia.
  • Once design of the ecosystem is complete, the two parties will form a 50/50 joint venture
  • Gratomic’s strategic partner is well experienced in the Blockchain technology and cryptocurrency fields

 

Gratomic Inc. has entered into a letter of intent with a strategic partner to establish, finance, design, develop, market and create an ecosystem for producers and users of graphene in all parts of the graphene food chain based on blockchain technology. This new ecosystem will facilitate distribution and sale of the Company’s graphene products being manufactured from graphite produced from its Aukam project in Namibia.

Once the strategic partner has completed its design of the ecosystem, the two parties will form a 50/50 joint venture and respectively fund the development of the blockchain until fully commercialized. Consummation of a joint venture agreement is subject to the execution of a definitive agreement by June 30, 2018.

Gratomic’s strategic partner is well experienced in the blockchain technology and cryptocurrency fields having recently been involved with creating a token for online gaming, as well as providing structural, technical, and strategic advice for other entities within the mining industry.

Gratomic’s Co-CEO Sheldon Inwentash stated, “With this development, Gratomic will gain benefit through association with a team experienced in operating a diversified business based on blockchain technology which could ultimately increase shareholder value.”

About Gratomic Inc.

Gratomic Inc. is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The Company is listed on the TSX Venture Exchange under the symbol GRAT.

 

$HPQ.ca Senior Management and One Director Increases Their Holding in HPQ Silicon by 2,587,000 Million Shares Through Warrant Exercises $FSLR $SPWR $CSIQ $NEP

Posted by AGORACOM-JC at 10:51 AM on Friday, December 29th, 2017

Hpq large

  • Announced that between October 1 and December 29 2017, $ 441,000 was raised through warrant exercises that included the 6,125,000 warrant expiring on December 29, 2017
  • HPQ Chairman and CEO increase his holding in HPQ by 1,100,000 shares, HPQ President and COO by 687,000 shares, HPQ CFO by 100,000 shares and one director by 700,000 shares

MONTRÉAL, QUÉBEC–(Dec. 29, 2017) – HPQ Silicon Resources Inc. (HPQ) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to announce that between October 1 and December 29 2017, $ 441,000 was raised through warrant exercises that included the 6,125,000 warrant expiring on December 29, 2017. Specifically HPQ Chairman and CEO increase his holding in HPQ by 1,100,000 shares, HPQ President and COO by 687,000 shares, HPQ CFO by 100,000 shares and one director by 700,000 shares.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated:

“Our decision to invest significant funds into HPQ demonstrates our belief in the potential of the innovative metallurgical production of Solar Silicon using PUREVAP. The addition of Apollon’s expertise to the knowledge of Pyrogenesis will take our development efforts of the GEN 2 PUREVAP and Pilot Plant to the forefront of innovative development in the solar industry.”

Options distribution

The Corporation has granted 3,500,000 stock options to Members of Board, Officers and to a consultant of the Corporation. The stock options are exercisable for a period ending December 29, 2022, at an exercise price of $0.12 per share.

The options have been granted under and are subject to the terms and conditions of the Company’s Stock Option Plan.

This News Release is available on the company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for high performance photovoltaic conversion.

HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAP™ “Quartz Reduction Reactors (QRR)” process (patent pending), which will permit it to produce in one step SoG Si. The start of the pilot plant that will validate the commercial potential of the process is planned for 2018.

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.

Shares outstanding: 191,979,173

HPQ Silicon Resources Inc.
Bernard J. Tourillon
Chairman and CEO
(514) 907-1011

HPQ Silicon Resources Inc.
Patrick Levasseur
President and COO
(514) 262-9239
www.HPQSilicon.com

$CKR.ca CKR Carbon Announces over Subscription of Non-Brokered Private Placement

Posted by Er at 10:05 AM on Thursday, November 23rd, 2017

  • Raising $2,793,700 in working capital
  • 39,910,000 shares issued at .07
  • Closes on November 24, 2017, all securities issued are subject to a statutory four month hold period.

 

CKR Carbon Corporation (TSXV: CKR) (FSE: CB81) (WKN: A143MR) (“CKR” or the “Company”) an integrated graphite to hybrid graphenes advanced nano material development company is pleased to announce that the offering of a non-brokered private placement announced on October 30, 2017 has been over-subscribed by $343,700 and the Company will be offering up to 39,910,000 working capital units (the “WC Unit“) for up to $2,793,700 (the “Offering“).

Each WC Unit is priced at $0.07 and consists of one (1) common share and one (1) common share purchase warrant (“WC Warrant“). Each WC Warrant entitles the holder to purchase one (1) common share (a “WC Warrant Share“) at a price of $0.10 per WC Warrant Share until the earlier of: (i) three (3) years following the Closing of the Offering; and (ii) in the event that the closing price of the Common Shares on the TSX Venture Exchange is at least $0.30 for twenty (20) consecutive trading days, and the 20th trading day (the “Final Trading Day“) is at least four (4) months from the Closing Date, the date which is thirty (30) days from the Final Trading Day.

Eligible Finders may receive up to 7% of the value of proceeds of the sale of WC Units in cash and up to 7% of the number of WC Units sold in the form of broker warrants. Each broker warrant issued in respect of the sale of WC Units entitles the holder to acquire one (1) common share of CKR at $0.07 for a period of three (3) years from the Closing of the Offering.

The Offering is expected to close on November 24, 2017. All securities issued under the Offering are subject to a statutory four month hold period.

Insiders of the Company are subscribing for 2,400,000 WC Units for $168,000. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101“) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which may be issued to the insiders does not exceed 25% of its market capitalization.

About CKR Carbon Corporation

CKR Carbon Corporation is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol CKR.

For more information: visit the website at www.ckr-carbon.com or contact:

Arno Brand, Co-CEO +1 416-561-4095 abrand@ckr-carbon.com

$CKR.ca CKR Carbon Announces 6.06% Cg over 88 Metres at Buckingham

Posted by Er at 8:45 AM on Thursday, September 28th, 2017

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  • 100% owned Buckingham graphite project in Quebec.
  • 20.69% Cg over 8 metres in drill hole 17-02.
  • 2, 7.35% Cg over 12 metres in hole CK17-01

 

Toronto, Ontario–(Newsfile Corp. – September 28, 2017) –  CKR Carbon Corporation. (TSXV: CKR) (FSE: CB81) (“CKR” or the “Company”) a vertically integrated graphite to graphenes, advanced materials development company is pleased to provide initial results from the diamond drilling and trenching program at its 100% owned Buckingham graphite project in Quebec. Results have been received from three of five holes and one of four trenches, with assays up to 20.69% Cg (carbon as graphite) over 8 metres in drill hole 17-02.

Highlights of the results received to date include 15.0% Cg over eight metres in Trench 2, 7.35% Cg over 12 metres in hole CK17-01, and 6.06% Cg over 88 metres from nine metres that included a higher-grade interval of 20.69% Cg over 8 metres in hole CK17-02. A summary of the results is given in the table below.

 

Hole/Trench ID From (m) To (m) Width (m) Cg (%)
CK17-01 53 106 53 3.52
including 94 106 12 7.35
CK17-02 9 97 88 6.06
including 75 95 20 7.52
and 11 31 20 12.09
including 22 30 8 20.69
CK17-03 35 59 24 2.64
17-TR02 13.4 10.50
including 8 15.00

 

Widths are not necessarily true widths as there is currently insufficient information to calculate true widths.

The drilling and trenching follows up on positive results of airborne electromagnetics and trenching undertaking during 2016. Hole CK-17-01 was drilled below an isolated EM conductor and intersected graphite mineralization primarily hosted in marble with minor quartzo-feldspatic gneiss. Hole CK 17-02 was drilled into the main 1.54 kilometre long northeast-southwest trending EM conductor the northeast portion of which coincides with graphite mineralization in the Case Zone that yielded assays of 1.6% Cg to 28.7% Cg in 35 grab samples. The best intersections were associated with marble and calc-silicate rich rock. Hole CK-17-03 was drilled approximately 100m to the south east of CK17-02 where the EM anomaly narrows.

Results from trench two are encouraging, since it extends the known graphite mineralization approximately 230 metres to the southeast and confirms the coincidence of graphite mineralization with the EM conductor.

“We are very pleased with these results from our 100% owned Buckingham Project that confirm the graphite is associated with the EM conductor over the length tested to date,” said Roger Moss, Chief Executive Officer of CKR Carbon. “Results from Trench 17 TR-02 are particularly significant as it represents a 230 metre step southeast along the EM conductor.”

All samples were placed in a plastic sample bag along with a sample tag. Bags were sealed with a single use tie. Samples were securely stored prior to shipping to SGS in Lakefield Ontario. Samples were crushed, milled and roasted and treated by HCl leach prior to being assayed by the combustion infrared technique (LECO). The company routinely submits standards, duplicates and blanks with sample batches to monitor the quality of the assays.

The technical content of this News Release was approved by Roger Moss Ph.D., P.Geo, a qualified person as defined by National Instrument 43-101.

About CKR Carbon Corporation

CKR Carbon Corporation is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol CKR.

About the Buckingham Project

The 100%-owned Buckingham Graphite Property is located 7 kilometres northwest of the town of Buckingham, Quebec, Canada and consists of eight claim blocks totaling 480 hectares. Well-maintained bush roads provide easy access to the property. The property lies within the Central Metasedimentary Belt of the Grenville Geologic Province 82 km south of Imerys Graphite & Carbon’s operating Lac des Iles graphite mine. Graphite occurs disseminated in marble and paragneiss and within veins hosted in pegmatite, diopside skarn, marble and gneiss.

Two graphitic zones, the Uncle Zone and the Case Zone have been discovered to date, with both zones showing high grade occurrences of disseminated flake and vein type graphite and yielding assay values as high as 81.1% Cg. Initial crushing and flotation of two samples from the Uncle zone has achieved purity of up to 99.4% Cg from a single flotation test without process optimization (see news release dated February 17, 2015).

For more information: visit the website at www.ckr-carbon.com or contact:

Roger Moss, CEO, +1 416-704-8291 E-mail inquiries: rmoss@ckr-carbon.com

For graphite product enquiries:

Arno Brand, +1 416-561-4095 abrand@boswellprojects.com

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

$CKR.ca Carbon Announces Extension of Exclusive Prospecting License to 2019, Elevated Surface Sampling Results

Posted by Er at 9:50 AM on Thursday, September 7th, 2017

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  • Reports up to 43.01% Carbon as Graphite from Surface Sampling
  • Exclusive Prospecting License (EPL) 3895 renewed for a period of two years until April 3, 2019

Toronto, Ontario–(Newsfile Corp. – September 7, 2017) – CKR Carbon Corporation. (TSXV: CKR) (FSE: CB81) (“CKR” or the “Company”) a vertically integrated graphite to graphenes, advanced materials development company is pleased to announce that the Namibian Minister of Mines and Energy has approved the renewal of Exclusive Prospecting License (EPL) 3895 for a period of two years until April 3, 2019.

The renewed license covers an area of 27,870 hectares (278.7 square kilometres) over the historical Aukam vein graphite mine in southern Namibia. Recent work by the Company over the past two years has led to a better understanding of the quality and distribution of the graphite mineralization at Aukam. In particular exploration has demonstrated significant potential for expansion of the mineralization outside the old workings.

Recent surface sampling of graphite occurrences has resulted in assays of 1.96% Cg (carbon as graphite) to 43.01% Cg from 22 samples of disseminated graphite, vein graphite and mineralized zone (see Table below). The graphite occurrences were taken from over approximately 200m within a larger east-west zone of 500 metres of disseminated graphite. This zone broadly corresponds to a 700 metre long electromagnetic anomaly delineated earlier this year (see news release dated January 18, 2017). Sampling is ongoing to fully delineate the potential of the graphite mineralization at Aukam.

“We are pleased to receive the approval of the Minister for the renewal of the EPL and thank the Minister and his staff at the Ministry of Mines and Energy for the vote of confidence that the approval represents,” said Roger Moss, Chief Executive Officer of CKR Carbon. “We intend to aggressively move the Aukam project ahead for the benefit of our shareholders, local stakeholders and the people of Namibia.”

Summary of assay results of surface samples.

Sample ID Sample Type Description Cg (%)
AK 17 DGS -001 Composite Grab Disseminated graphite in granite 4.59
AK 17 DGS -002 Composite Grab Disseminated graphite in granite 1.96
AK 17 DGS -003 Composite Grab Disseminated graphite in granite 2.94
AK 17 DGS -004 Composite Grab Disseminated graphite in granite 2.57
AK 17 DGS -005 Composite Grab Disseminated graphite in granite 5.57
AK 17 DGS -006 Composite Grab Disseminated graphite in granite 6.01
AK 17 DGS -007 Composite Grab Disseminated graphite in granite 3.87
AK 17 DGS -008 Composite Grab Disseminated graphite in granite 3.67
AK 17 DGS -009 Composite Grab Disseminated graphite in medium grained granite 1.42
AK 17 DGS -010 Composite Grab Disseminated graphite in medium grained granite 2.79
AK 17 DGS -011 Composite Grab Disseminated graphite in medium grained granite 2.36
AK 17 DGS -012 Composite Grab Disseminated graphite in medium grained granite 4.10
AK 17 DGS -013 Composite Grab Disseminated graphite in medium grained granite 3.57
AK 17 DGS -014 Composite Grab Disseminated graphite in granite 4.01
AK 17 MZS -001 2.5m Channel Vein network/mineralized zone 9.65
AK 17 MZS -002 1.8m Channel Vein network/mineralized zone 7.38
AK 17 MZS -003 1.7m Channel Vein network/mineralized zone 24.05
AK 17 MZS -004 Composite Channel Vein network/mineralized zone 10.96
AK 17 VGS -001 Composite Grab Graphite Vein 43.01
AK 17 VGS -002 Composite Grab Graphite Vein 33.97
AK 17 VGS -003 Composite Grab Graphite Vein 36.06
AK 17 VGS -004 Composite Grab Graphite Vein 20.29

 

Channel lengths do not represent true widths. Composite grab samples are not necessarily representative of the graphite mineralization on the property.

Samples were placed in a plastic sample bag along with a sample tag. Bags were sealed with a single use tie. All samples were securely stored prior to shipping toTEA-Lab in Swakopmund. Samples were crushed by hammer and jaw crusher to 2mm and split before milling to < 200 microns for thermo-gravimetric analysis. The company routinely submits duplicates and blanks with sample batches to monitor the quality of the assays.

The technical content of this News Release was approved by Roger Moss Ph.D., P.Geo, a qualified person as defined by National Instrument 43-101.

About CKR Carbon Corporation

CKR Carbon Corporation is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol CKR.

About the Aukam Project

The Aukam property covers a past producing vein graphite deposit and associated graphite occurrences. CKR owns a 63% interest in the property and is currently undertaking technical studies to support an application for a mining license. The company maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information: visit the website at www.ckr-carbon.com or contact:

Roger Moss, CEO, +1 416-704-8291 E-mail inquiries: rmoss@ckr-carbon.com

For graphite product enquiries:

Arno Brand, +1 416-561-4095 abrand@boswellprojects.com

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

American Creek Provides Update on Joint Venture Partner Tudor Gold’s Treaty Creek Project Progress $AMK.ca

Posted by AGORACOM-JC at 9:13 AM on Wednesday, April 5th, 2017

Hublogolarge2 copy

  • Provided update outlining the significant progress and future 2017 plans at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack project

CARDSTON, ALBERTA–(April 5, 2017) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that operator Tudor Gold Corp. (“Tudor”) has provided an update outlining the significant progress and future 2017 plans at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack project.

Tudor, in yesterday’s news release, provided background, summarized 2016 exploration progress and developments, and outlined the main goals for the 2017 Treaty Creek program (click here for Tudor news release).

Significant achievements in 2016 included:

  1. Successfully conducting an MT survey over a large portion of the property utilizing the exact same technology (and same geophysicist) that was key to the discovery of Seabridge’s several deposits located immediately to the south of the Treaty Creek property.
  2. Significantly expanding the known gold zone around American Creek’s previous Copper Belle discovery hole.

Regarding the success of the MT survey, Tudor included the following in their news release:

The current understanding of the model generated by the 2016 MT survey suggests these things:

  1. The geology underlying the encouraging assays generated by the 2007, 2009, and 2016 drilling in the Copper Belle zone extends over a larger area than has yet been tested through diamond-drilling. The survey suggests the mineralization in the Copper Belle zone might extend for as much as seven hundred meters in the near-surface zone (less than 600 m depth), at it might extend for up to one kilometer at greater depths,
  2. The geology underlying the encouraging assays generated by the 2007 and 2009 drilling in the GR2 zone extends over a larger area than has yet been tested through diamond-drilling and might extend for several hundred meters,
  3. The geology underlying the encouraging assays generated by the 2007, 2009, and 2016 drilling in the Copper Belle zone extends towards the Seabridge Gold Iron Cap deposit.

Regarding Tudor’s 2017 Treaty Creek exploration goals, Tudor included the following in their news release:

  1. Carry out diamond drilling in the Copper Belle zone to both the south and north of prior drilling with the goal of developing a preliminary resource estimate for a low-grade bulk deposit along a strike length of approximately 1000 m,
  2. Carry out diamond drilling in the GR2 zone with the goal of determining how much further drilling or other exploration is required to develop a preliminary resource estimate for that zone, and
  3. Carry out diamond drilling to confirm that the mineralization in the Copper Belle zone extends towards the adjacent Seabridge Gold Inc. Iron Cap deposit.

The precise details of how these drilling programs will be carried out are still being developed.

In addition to these drilling programs, Tudor Gold is also considering further exploration work in the Konkin Gold zone where early exploration produced grab samples, chip samples and trenching samples carrying in excess of 28 ounces of gold per tonne (these historical results are taken from a 1987 Assessment Report submitted to the provincial government by Mr. Cremonese, P. Eng., president of Teuton Resources Corp.; these historical results have not been independently verified by Tudor Gold). Tudor Gold is of the view that further exploration work will be beneficial in understanding the geology and mineralization of the Konkin Gold zone.

Darren Blaney, President and CEO of American Creek stated: “Tudor’s 2016 work at Treaty was a great success and really sets the stage for future advancement including Tudor’s stated goal of developing a Copper Belle preliminary resource estimate in 2017. We are excited about the plans being formulated for the upcoming season. Further adding to the excitement is Seabridge Gold’s plan to conduct an extensive drill program on the Deep Iron Cap zone following up on their spectacular drill hole IC-16-62 from last summer. The Iron Cap is within 1 km of the claim boundary of the Treaty Creek property.”

The Treaty Creek Project is a joint venture between Tudor, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (fully carried until a production notice is given).

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three “Golden Triangle” gold/silver properties; the Treaty Creek and Electrum joint ventures with Tudor as well as the 100% owned past producing Dunwell Mine. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, Red Tusk and Glitter King.

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.

Kelvin Burton
403-752-4040
info@americancreek.com
www.americancreek.com

Omagine In Talks With Chinese Contractors For Oman Project $OMAG.us

Posted by AGORACOM-JC at 6:59 PM on Sunday, May 22nd, 2016

 Omag

An artistic rendition of the $2.5bn Omagine Project (Source: omagine.com)

  • In view of the current weak economic conditions in the GCC region due to the slump in oil prices, Omagine LLC, which plans to develop a US$2.5bn beach-front real-estate and tourism project in Oman, said it is in discussions with two leading Chinese contractors for construction of the project
By Gulam Ali Khan
May 21, 2016
Muscat –

In view of the current weak economic conditions in the GCC region due to the slump in oil prices, Omagine LLC, which plans to develop a US$2.5bn beach-front real-estate and tourism project in Oman, said it is in discussions with two leading Chinese contractors for construction of the project.

In a quarterly report submitted to the US Securities and Exchange Commission (SEC) last week, Omagine LLC’s US-based parent Omagine Inc said that since December 2015 Omagine LLC held multiple meetings with Consolidated Contractors International Co (CCIC), CCC-Oman and Royal Court Affairs (RCA) in an effort to conclude the foregoing arrangements and sign the CCC contract for the project. CCC-Oman is a subsidiary of CCIC.

“All parties are willing but the reality of the current economic scene and the effect it is having on bank liquidity and therefore on future requirements that Omagine LLC will have for construction financing was well recognised by all Omagine LLC shareholders,” Omagine Inc said.

It said that extensive financial negotiations and legal re-drafting of multiple versions of the CCC contract and the amended and restated shareholder agreement have taken place since December 2015.

Given the present liquidity issues at local banks, Omagine Inc said the matter of project construction debt financing is an issue that now moved to the forefront of the agendas of all concerned.

Furthermore, as an exercise in caution, the company said Omagine LLC’s management in February travelled to Beijing and Hong Kong where they held discussions with top executives of two of China’s leading building contractors – each of which is multiple times the size of CCIC.

“These discussions are well advanced at present and negotiations with the larger of the two Chinese contractors are at an advanced stage,” Omagine Inc added.

It said that the proposal being discussed with each of such Chinese contractor is identical and includes a requirement for the award of the Omagine Project construction contract to the Chinese contractor (as a sub-contractor to CCC-Oman) if, and only if, both of the following conditions are fulfilled: (i) an investment into Omagine LLC by the contractor (or its parent company), and (ii) the Chinese contractor (or its parent company) must arrange for the project finance for Omagine Project.

Omagine Inc added the Chinese banks have no such liquidity issue and they are moreover encouraged and directed by Chinese government to support their overseas Chinese contractors in this manner.

“Management is presently cautiously optimistic that it can arrange a transaction involving both CCIC and one of the Chinese contractors which will be beneficial to all parties concerned. No assurance however can be given at this time that management will be successful in this endeavor,” it said.

Omagine Inc added an agreement has been reached with CCIC regarding a new structure of the CCC contract whereby CCC-Oman would be the general contractor and managing contractor (but not necessarily the actual builder) and would oversee and manage the Chinese sub-contractor and CCIC would be paid a fixed fee for this.

“The descriptions of the draft CCC contract as previously disclosed during 2015 are no longer accurate or operative as we have now agreed to a management type general contractor agreement with CCC-Oman based on a flat fee,” the company added.

Omagine said it has held extensive presentations and meetings with local, regional and international banks with respect to the provision of syndicated bank financing, adding “thesediscussions and negotiations are ongoing with Chinese and US-based banks since the onset of the liquidity squeeze in GCC banks.”

Read more: http://www.muscatdaily.com/Archive/Business/Omagine-in-talks-with-Chinese-contractors-for-Oman-project-4pob#ixzz49QZCoxAO

INTERVIEW: Durango Resources Discusses JV Agreement on Lithium Project Adjacent to Nemaska Lithium $DGO.ca

Posted by AGORACOM-JC at 8:16 AM on Tuesday, May 3rd, 2016

  • 100% interest in the NMX East, a lithium property tied to Nemaska Lithium Inc.’s (TSX.V-NMX) Whabouchi property in Quebec. The NMX East property has all season road access via the Route Nord.
  • Property is comprised of 23 claims which cover 1,200 hectares and is located within a few kilometres of Nemaska’s proposed mining pit.
  • Nemaska Lithium is developing the world’s newest lithium mine in Quebec and has signed agreements with its key stakeholders, gained the required permits and was recently awarded both Federal Environmental Approval and the Province of Quebec Mine Approval

Hub On AGORACOM / Watch Interview

 

Supreme Announces Pre-License Inspection Date

Posted by AGORACOM-JC at 4:18 PM on Thursday, December 3rd, 2015

  • Health Canada has scheduled a pre-license inspection of Supreme’s hybrid greenhouse facility in Kincardine, Ontario on December 9, 2015

TORONTO, ONTARIO–(Dec. 3, 2015) – Supreme Pharmaceuticals Inc. (the “Company” or “Supreme”) (OTC PINK:SPRWF)(CSE:SL) is pleased to announce Health Canada has scheduled a pre-license inspection of Supreme’s hybrid greenhouse facility in Kincardine, Ontario on December 9, 2015.

About Supreme

Supreme is a Canadian publically traded company committed to becoming a leading supplier of affordable medical cannabis achieved by applying commercial agriculture practices to medical cannabis production. Supreme’s flagship facility is a 342,000 sq. ft. hybrid greenhouse located in Kincardine, Ontario, which has been designed to maximize production efficiencies allowing the Company to pass savings along to its future patients.””

FORWARD LOOKING INFORMATION

This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. 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. This news release includes forward-looking statements with respect to the timing on competition of the MMPR License conditions for its Southern Ontario facility and the start of production. 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 news 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 and such factors as the Company failing to acquire final MMPR licenses and put the same into production. This news 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 harbour provisions of the Private Securities Litigation Reform Act of 1995.

Supreme Pharmaceuticals Inc.
Investor Relations
(416) 630-7272
info@supreme.ca
www.supreme.ca