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INTERVIEW: Uragold Discusses Assay Results, Validated as Suitable for Silicon Metal and High Purity Quartz Applications

Posted by AGORACOM-JC at 11:32 AM on Wednesday, December 17th, 2014

UBR: TSX-V

Corrected SiO2 average for the 20 samples assayed is 99.65%, ranging from 99.37% to 99.86%. These results validate the fact that the Quartz material from the Roncevaux Property would make suitable feedstock for Silicon Metal production and applications requiring high purity quartz.

Uragold Bay Resources is a Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. The company’s business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%).

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INTERVIEW: Stria Lithium Discusses Revolutionary Lithium Processing Technology

Posted by AGORACOM-JC at 10:06 AM on Wednesday, December 17th, 2014

SRA: TSX-V

WATCH INTERVIEW NOW!

  • Focused on the emerging green energy revolution, with a particular focus on Lithium.
  • Aiming to become one of the lowest cost producers in the world for battery- grade technology lithium through partnerships, licensing and joint ventures which are critical for high-technology green energy industries such as consumer electronics, energy storage and military.
  • Unveiled lithium procession technology that will provide the company with significant advantages.

Hub On AGORACOM / Corporate Website / Watch Interview Now!

Quebec Quartz Assay Results Surpass Expectations, Validated as Suitable for Silicon Metal and High Purity Quartz Applications

Posted by AGORACOM-JC at 8:08 AM on Tuesday, December 16th, 2014

Montreal, Quebec / December 16, 2014, / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it’s wholly owned subsidiary, Quebec Quartz, has received assay results for samples taken on the Roncevaux Quartz (Silica) property located in the Matapedia valley in the Gaspe region of Quebec.

The corrected SiO2 average for the 20 samples assayed is 99.65%, ranging from 99.37% to 99.86%. These results validate the fact that the Quartz material from the Roncevaux Property would make suitable feedstock for Silicon Metal production and applications requiring high purity quartz.

Patrick Levasseur, President and COO of Uragold stated, “We are extremely happy with these results, they have surpassed our initial expectations and validated our decision to focus on our Ronceveaux property since it is situated within 80 kilometers from a deep-sea harbour that can handle bulk shipments for worldwide exports, less then 300 Km from the future FerroAtlantica Port Cartier Silicon Metal production facilities and less then 500 Km Globe Specialty Metals Becancour silicon metal production facilities.”

In 2003, an exploration potential of ? 400,000 tons of SiO2 was calculated using the 360 m surface length of the Quartz vein, its average width (between 3 m and 12m) and assuming a continuation up to 50 M of depth. (GM60610: Barrette, Jean-Paul. 2003. Rapport des travaux d’exploration miniere sur la veine de quartz pur. Projet Silice Roncevaux, Canton Roncevaux, Gaspesie).

IMPORTANCE OF QUARTZ (SILICA)

Quartz (SiO2) is one of the most abundant minerals. It occurs in many different settings throughout the geological record. However, high Purity Quartz deposits with low impurities are rare and only a few deposits are suitable in volume, quality and amenability to be tailored to refining methods for specialty high purity applications.

High Purity Quartz (HPQ), and Silicon Metal is used in large part in the aluminum industry while Ultra High Purity Quartz (UHPQ) has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries.

GO FORWARD PLAN:

The Corporation intends to advance the development of the Roncevaux project by completing the following steps during Q1 & Q2 2015:

  1. 1.Send material to specialized laboratories to find the best beneficiation process to transform the Roncevaux Quartz material into Ultra High Purity Quartz for advanced material and pharmaceutical applications.

High Purity Quartz beneficiated to 99.998% Si02 can command prices up to
US$ 6,000/T (Source: Dorfner Anzaplan). The Corporation intends to focus its interest on this segment of the market.

Quartz for Silicon Metal the sales price averages between US$ 100/T to US$ 250/T.

  1. 2.Send quartz samples to Silicon Metals and other material buyers.

Multiple end-users have approached the Corporation. Having now received our own lab results, the Corporation is ready to start direct discussion with interested parties.

  1. 3.Evaluating the Property Potential.

The exact volume of the quart vein systems found on the Roncevaux Property needs to be confirmed and measured; and quartz occurrences contained in the new claims staked by Quebec Quartz after the first work programme need to be explored.

Mr. Levasseur added, “2015 will be an exciting year as we continue to develop Quebec Quartz’s exciting high purity silica projects while developing two gold mines in the Beauce region of Quebec.”

PARTIAL TABLE OF RESULTS:

Report Number: A14-09140
Analyte Symbol SiO2 Al2O3 Fe2O3(T) LOI Total SiO2
Unit Symbol % % % % % Corrected
Detection Limit 0.01 0.01 0.01 0.01 for lost
Analysis Method FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF Carbonate
41962 98.46 0.02 0.02 0.12 98.64 99.82%
41962-B 98.67 0.15 0.03 0.12 99.00 99.67%
41963 98.59 0.07 0.02 0.18 98.88 99.71%
41963-B 98.57 0.17 0.03 0.28 99.11 99.46%
41964 99.37 0.25 0.02 0.19 99.88 99.49%
41964-B 98.76 < 0.01 0.01 0.15 98.95 99.81%
41965 98.99 0.16 0.01 0.15 99.34 99.65%
41965-B 98.82 0.13 0.02 0.18 99.18 99.64%
41966 99.85 0.10 0.03 0.17 100.20 99.65%
41966-B 99.07 0.04 0.01 0.22 99.37 99.70%
41967 98.47 0.04 0.01 0.16 98.70 99.77%
41967-B 99.32 0.29 0.08 0.17 99.92 99.40%
41968 100.23 0.08 0.01 0.17 100.50 99.73%
41968-B 99.92 0.17 0.04 0.16 100.30 99.62%
41969 98.72 0.25 0.02 0.22 99.31 99.41%
41969-B 98.00 0.26 0.05 0.23 98.62 99.37%
41970 100.16 < 0.01 0.01 0.16 100.30 99.86%
41970-B 100.38 < 0.01 0.02 0.16 100.60 99.78%
41971 99.96 0.03 0.01 0.15 100.20 99.76%
41971-B 99.87 < 0.01 0.02 0.14 100.10 99.77%
Average 99.21 0.14 0.02 0.17 99.56 99.65%

The average losses in ignition (“LOI”) (material and moisture burned off during the assays) for the 20 samples is 0.17% (ranging between 0.12% and 0.23%) this suggest that a certain percentage of the alkali metals are present as a carbonate molecule, and with an average laboratory total of 99.55% (ranging between 98.88 % and 100.6%), a correction for the lost of carbonate is required in order to present the actual SiO2 grade of the samples.

Assay results confirm that the material is low to very low in all the major contaminants: Al2O3 average: 0.14%, range from <0.01% to 0.29%, Fe2O3 average: 0.02%, range from 0.01% to 0.08%, Co3O4 all samples <0.005%, CuO all samples <0.005%, MnO all samples <0.001%, NiO 15 samples <0.003%, the rest ranging from 0.003% to 0.012%, MgO all samples <0.01%, CaO 18 samples <0.01%, Na2O all samples <0.01%, K2O 8 samples <0.01%, the rest ranging from 0.01% to 0.03%, TiO2 9 samples <0.01%, the rest 0.01%, P2O5 average: 0.02%, range from 0.01% to 0.04%, Cr2O3 all samples <0.01%, V2O5 all samples <0.003%.

The samples were taken over the historical quartz vein from parallel trenches along a 360 m long quartz vein that varied between 3 m and 12 m in width. Samples weighing approximately 10 kg each along with a 3 kg duplicate were bagged on site. Ten samples were taken from each site and the field crew brought back approximately 130 kg.

The material was first sent to the INRS (Institut National de la Recherche Scientifique) laboratory in Quebec City to be prepared for testing for High Purity Silica and Silicon Metal potential. 20 prepared samples (an original and a duplicate) were sent to the Activation Laboratories in Ancaster, Ontario for whole rock and trace elements (FUS X-Ray Fluorescence (“XRF”)) assay.


Click Image To View Full Size

Picture 1: Field sample from the Roncevaux Property, Sample # 41765 tested 99.65% SiO2


Click Image To View Full Size

Picture 2: Visible showing of the Quartz veins on the Roncevaux Property.

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

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

About Quebec Quartz

Uragold 100 % wholly owned subsidiary, Quebec Quartz, by virtue of being a first mover into this market, succeeded in becoming the largest holder of distinct High Purity Quartz properties in Quebec. Quebec Quartz strategic portfolio of High Purity Quartz (+99.+% SiO2) deposits and closed silicon metal mines in Quebec represent a unique and valuable asset. Quebec’s Quartz aims to become a leading supplier of Ultra High Purity Quartz

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

INTERVIEW Part 2: Avalon Rare Metals (AVL: TSX) 3 Advanced Stage Projects Capitalizing on Scarce Rare Earth Elements

Posted by AGORACOM-JC at 1:20 PM on Wednesday, December 10th, 2014

AVL: TSX, AVL: NYSE MKT

  • Three advanced stage projects
  • Nechalacho Deposit is exceptional in its size and enrichment in the scarce “heavy” rare earth elements
  • HREE-rich resource in the Basal Zone contains Measured and Indicated Resources of 61.90 million tonnes grading 1.64% TREO (total rare earth oxides) and 21.53% HREO/TREO (heavy rare earth oxides as a percentage of TREO) at the Base Case US$345 Net Metal Return cut-off value
  • Key to enabling advances in clean technology and other growing high-tech applications

Highlights

  • The Nechalacho deposit is rich in the heavy rare earths, which the European Union identified as the critical raw material with the greatest supply risk in May 2014.
  • Avalon has invested approximately $100 million into the Nechalacho Project to date, including $60 million to complete a comprehensive Feasibility Study. Nechalacho is now the most advanced heavy rare earth project in the world outside of China. Results of the discounted cash flow analysis produced for the April 2013 Feasibility Study yielded a pre-tax IRR of 22.5% and an NPV at a 10% discount rate of $1.35 billion, with a payback period of 4.3 years and a $1.575 billion capital cost.
  • Many opportunities were identified in the April 2013 Feasibility Study to optimize the project development model to reduce technical risk and increase revenues. These include improving rare earth recoveries and revising the mine plan to improve operational efficiencies. The most significant optimization was the development of a new hydrometallurgical process that increases recoveries of the heavy rare earths while suppressing recovery of low-value cerium. An updated Feasibility Study is targeted for completion in late 2014.
  • Avalon holds a diverse rare metals project portfolio, including advanced tin (East Kemptville) and lithium minerals (Separation Rapids) properties.
  • The principles of sustainability, environmental and social responsibility are core values of the company.

Corporate Website

Stria Lithium Year End Update Includes Start of Pilot Plant Design for its Novel, Environmentally Sustainable Lithium Processing Technologies

Posted by AGORACOM-JC at 5:31 PM on Tuesday, December 9th, 2014

OTTAWA, ONTARIO–(Dec. 9, 2014) - Stria Lithium Inc. (TXS VENTURE:SRA) (“Stria” or the “Company”) is pleased to announce that following the completion of positive bench scale testing of its proprietary, environmentally sustainable lithium ore processing technologies, the Company has moved into the design stage for its limited production pilot plant.

Company President and Chief Operating Officer Julien Davy said the pilot plant will be designed to produce up to 140 kg per month of lithium compound over a six month period, commencing in early 2015, with the aim of providing potential customers with sufficient 99.99% purity materials for validating process economics and product quality.

Mr. Davy said the pilot plant will be constructed at the Grafoid Global Technology Centre in Kingston, Ontario.

“As a key member of the Grafoid, Focus Graphite battery materials development business platform, Stria completes a potential North American supply solution to both domestic and international battery manufacturers,” Mr. Davy said.

“And, as a mineral mining and technology supplier group, our battery platform is unique in the world,” he added.

Stria Lithium’s business strategy is based upon meeting three key milestones for success. They are: time to market; meeting universal standards for environmental sustainability, and; setting market prices for lithium concentrates.

Stria targets clean energy customers in the automotive, industrial, medical, motorsports, marine, military, avionics and energy storage battery system sectors – the prime movers of demand for the foreseeable future.

With management backgrounds in geological sciences, business development and process engineering, Stria is the sole proprietor of two exploration properties intended to feed its pilot plant development with raw material – the Pontax hard-rock lithium project in Northern Quebec and the Willcox brine lithium project in southeastern Arizona.

Canadian Government Participation

Mr. Davy said the Company’s development advances in producing low-cost, high-purity Li-metal, Li-carbonate and Li-hydroxide products were made possible, in part, by a $137,700 funding commitment from the National Research Council’s Industrial Research Assistance Program (“IRAP”).

The National Research Council’s Industrial Research Assistance Program (NRC-IRAP) is Canada’s premier innovation assistance program for small and medium-sized enterprises (SMEs). It is a vital component of the NRC and a cornerstone in Canada’s innovation system, regarded worldwide as one of the best programs of its kind.

Under the terms of financial commitment announced on November 12, 2014, IRAP will reimburse Stria for salaries paid to scientists and technical staff and for expenses directly related to process development.

Non-Brokered Private Placement

The Company is pleased to announce its private placement offering of non flow-through and flow-through units will remain open until December 29, 2014.

On October 30, 2014, Stria Lithium announced the close of its first tranche of a non-brokered private placement offering of up to $1,000,000.

The total private placement consisted of the sale of up to 2,666,667 non flow-through units (the “Units”) at a price of $0.15 per Unit for gross proceeds of $400,000 and up to 3,157,895 flow-through units (the “Flow-Through Units”) at a price of $0.19 per Flow-Through Unit for proceeds of up to $600,000.

Each Unit consists of one (1) common share of the Company and one (1) warrant (a “Warrant”). Each Flow-Through Unit consists of one (1) flow-through common share of the Company and one (1) Warrant. Each Warrant entitles the holder to acquire one (1) additional common share of the Company at a price of $0.35 for a period of 24 months from closing.

The closing of the first tranche of the non flow-through portion of the Offering realized gross proceeds of $26,650.05 from the issue of 177,667 Units. The closing of the first tranche of the flow-through portion of the Offering realized proceeds of $154,770.20 from the issue of 814,580 Flow-Through Units.

About Stria Lithium Inc.

Stria Lithium (TSX VENTURE:SRA) owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona. As announced in January 2014, Stria is developing proprietary, in-house processing technologies for both projects with the purpose of reducing processing costs on an environmentally sustainable basis.

Stria’s technologies, based on recovering lithium metal directly from ore and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.

Forward Looking Statement – Disclaimer

This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.

Stria Lithium Inc.
Mr. Julien Davy
President and COO
613-241-4040
jdavy@strialithium.com

Garibaldi drill tests new high-grade area north of Silver Eagle discovery hole

Posted by AGORACOM-JC at 5:32 PM on Wednesday, November 26th, 2014

VANCOUVER, Nov. 26, 2014 – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to report that high-grade silver mineralization has been confirmed through assays from channel sampling 150 meters north of Silver Eagle discovery hole SE-14-01 at the Rodadero North Project in central Sonora State, Mexico. This area will be drill-tested beginning later this week in an attempt to expand the Silver Eagle system in a northerly direction.

All drill holes completed to date at Silver Eagle, with the exception of SE-14-05, have been to the south of SE-14-01 where mineralization remains open and has been traced for an additional 3 km south beyond the Reales target in sampling of surface outcrops and small underground workings. The Company eagerly anticipates receiving the next batch of assay results (drill holes SE-14-07 through SE-14-12) during the first half of December.

Silver Eagle is the westernmost of 11 target areas defined over more than 45 sq. km at Rodadero North where mineralization transitions from primarily high-grade silver at Silver Eagle, discovered through sampling and shallow drilling, to high-grade gold, silver and base metals trending eastward. A drill plan map for the Tarichi target, 2.5 km southeast of Silver Eagle, is now available at GaribaldiResources.com.

Channel Samples Return Up To 881 g/t Ag

Two immediate drill holes will test for continuity of mineralization to depths of less than 100 meters at the new surface discovery north of SE-14-01. All five channel samples from a shallow pit returned significant silver grades – 881 g/t (28.3 oz/tonne), 771 g/t, 763 g/t, 452 g/t and 87 g/t. Widths ranged from 1.4 to 1.9 meters. The average grade was 604 g/t Ag over an average width of 1.6 meters.

Steve Regoci, President and CEO of Garibaldi, commented: “Given results generated to date by drilling, sampling and our hyperspectral technology, and the fact that this project is situated in the heart of a prolific mining region, we’re extremely excited with what we see at Rodadero as the emergence of a new mineral camp in central Sonora State.”

By the nature of the biases of sampling, the above results are not necessarily representative of mineralization at Rodadero North in general or, specifically, within the zones, structures or geological features that were sampled.

Mineralization at Silver Eagle is hosted in silicified conglomerate and overlying andesitic volcanic rocks along a north-northwest trending structural zone. Mineralization also appears to be associated with the stratigraphy of the conglomerate.

Rodadero North Video

To view a 2-minute Garibaldi video on the Rodadero discovery, please visit the homepage of GaribaldiResources.com or the following URL:

http://www.garibaldiresources.com/s/Media.asp#Rodadero

Quality Assurance & Control

Garibaldi maintains strict QA-QC protocols for all aspects of its exploration programs that include the systematic insertion of blanks and standards into each sample batch. Acme Labs (now part of the Bureau Veritis group that includes BSI Inspectorate) has performed assay analyses on Rodadero North drill core and some of the rock samples, while ALS Global (formerly ALS Chemex) has also performed some analyses on rock samples. All samples reported in this release were assayed using certified and industry standard assay techniques for gold, and multi-element packages for other elements and for over-limits. Au was analyzed by 30 or 50 gram fire assay with an atomic absorption finish, and other elements were analyzed by multi-element ICP.

Qualified Person

Dr. Craig Gibson, Certified Professional Geologist and a director of Garibaldi, is a non-arms-length Qualified Person for the Company’s Mexico projects and the direct manager of the technical programs operated under contract by Prospeccion Y Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the content thereof.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”

Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

SOURCE Garibaldi Resources Corp.

GARIBALDI RESOURCES CORP., 1150 – 409 Granville Street, Vancouver, BC V6C 1T2, Telephone: (604) 488-8851, Web site: GaribaldiResources.com

Uragold Acquires Silica Claims Directly Adjacent To Sitec Silicium Quebec Quartz

Posted by AGORACOM-JC at 10:25 AM on Wednesday, November 26th, 2014

Montreal, Quebec, / November 26 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce it has acquired, through map staking, two (2) silica claims directly adjacent to Sitec Silicium Quebec quartz mine located in the Charlevoix region of Quebec. Sitec Silicium Quebec quartz mine supplies silica for Sitec silicon metal foundry in Becancour and for the Elkem Metal Canada ferrosilicium foundry in Chicoutimi Quebec.

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

Patrick Levasseur, President and COO of Uragold stated, “This is an other great addition to our significant portfolio of high quality silica properties. Mr. Levasseur then added, “We continue to develop Quebec Quartz’s exciting high purity silica projects while developing two gold mines in the Beauce region of Quebec.”

About Silica

Quartz (SIO2) is one of the most abundant minerals. It occurs in many different settings throughout the geological record. High Purity Quartz deposits with low impurities are rare. However, only very few deposits are suitable in volume, quality and amenability to tailored refining methods for specialty high purity applications.

High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries.

“Frac Sand”, is a durable, high-purity quartz sand used to help produce petroleum fluids and prop up man-made fractures in shale rock formations through which oil and gas flows, demand is exploding.

The need for “Frac sand” is turning this segment into the top driver of value in the shale revolution, and this is having a major impact across all High Purity Quartz markets, as material once used to meet the needs of high-tech industries is being diverted to this market to meet product shortage.

“One of the major players in Eagle Ford is saying they’re short 6 million tons of 100 mesh for “Frac sand” alone in 2014 and they don’t know where to get it. And that’s just one player,” Rasool Mohammad, President and CEO of Select Sands Corporation told Oilprice.com.

About Quebec Quartz

Uragold 100 % wholly owned subsidiary, Quebec Quartz, by virtue of being a first mover into this market, succeeded in becoming the largest holder of distinct High Purity Quartz properties in Quebec. Quebec Quartz strategic portfolio of high purity silica (+99.5% SiO2) deposits and closed silicon metal mines in Quebec represent a unique and valuable asset. While different Parties interested in our properties have approached the Corporation, we are waiting until we receive previously announced labs results before advancing these discussions.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

Frank C. Smeenk, President and CEO of KWG Resources to be Featured on CTV Power Play This Evening

Posted by AGORACOM-JC at 2:46 PM on Friday, November 21st, 2014

TORONTO, ONTARIO–(Nov. 21, 2014) - KWG Resources Inc. (“KWG” or the “Corporation“) (TSX VENTURE:KWG)(FRANKFURT:KW6) is pleased to announce that Frank C. Smeenk, President and CEO of KWG Resources will be featured on CTV Power Play this evening between the hours of 5 and 6pm ET.

Don Martin hosts CTV News Channel’s daily marquee political program, POWER PLAY from Monday to Friday at 5 p.m. and 8 p.m. ET.

With a fresh look at politics, politicians and plays for power, this is the political show of record for Canadians. Martin cuts through the rhetoric and highlights the people and players that dominate the political scene in Canada. Online at CTV.ca/powerplay, viewers can catch episodes they’ve missed on the CTV Video Player.

Shares issued and outstanding: 777,842,468

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

 

KWG Files Amended and Restated Preliminary Short Form Prospectus for Equity Offering

Posted by AGORACOM-JC at 1:01 PM on Friday, November 14th, 2014

TORONTO, ONTARIO–(Nov. 14, 2014) - KWG Resources Inc. (“KWG” or the “Corporation“) (TSX VENTURE:KWG)(FRANKFURT:KW6) is pleased to announce that it has filed an amended and restated preliminary short form prospectus (the “Amended Prospectus“), which amends the preliminary short form prospectus filed by the Corporation on August 15, 2014. The Corporation has obtained a receipt from the securities regulatory authorities in the provinces of British Columbia, Ontario and Quebec in connection with a marketed offering (the “Offering“) of Units (as defined below) and Flow-Through Shares (as defined below) to be made in the provinces of British Columbia and Ontario. The Proposed Prospectus amends the proposed pricing of the Units, the proposed number of Units to be issued, the proposed pricing of the Flow-Through Shares and the number of Flow-Through Shares to be issued.

As previously disclosed in the Corporation’s press release dated August 18, 2014, the Corporation is targeting to raise minimum aggregate gross proceeds of $4 million (the “Minimum Offering“) and maximum aggregate gross proceeds of $10 million. The net proceeds of the Offering will be used to: (1) continue the development and commercialization of the new methods of production of chromium iron alloys from chromite ore and of production of low carbon chromium iron alloys (the “New Production Methods“); (2) conduct a drilling program at the Fishtrap Lake project; (3) continue the Corporation’s exploration program at the Koper Lake project; and (4) augment the Corporation’s working capital.

Secutor Capital Management Corporation (the “Agent“) has been appointed as exclusive lead agent for the Offering. The Corporation and the Agent have not yet entered into an agency agreement.

Each unit (a “Unit“) is comprised of three non “flow-through” common shares of KWG (each an “Offered Common Share“) and two non “flow-through” common share purchase warrants (each an “Offered Warrant“) at a price of $0.15 per Unit (the “Unit Offering Price“). Each Offered Warrant will entitle the holder to purchase one non “flow-through” common share of KWG (a “Warrant Share“) until the date that is 24 months following the closing of the Offering at a price of $0.10 per Warrant Share.

In addition, the Offering includes common shares of KWG, which will each qualify as a “flow-through share” (each, a “Flow-Through Share“) within the meaning of the Income Tax Act (Canada) at a price of $0.05 per Flow-Through Share (the “Flow-Through Offering Price“).

In connection with the Offering, the Corporation will grant to the Agent an option (the “Over-Allotment Option“) to sell, as agent, additional Flow-Through Shares (the “Additional Flow-Through Shares“), equal to not more than 15% of the number of Flow-Through Shares sold pursuant to the Maximum Offering, at the Flow-Through Offering Price and to purchase additional Units (the “Additional Units“), equal to not more than 15% of the number of Units sold pursuant to the Maximum Offering, at the Unit Offering Price to cover over-allotments, if any, and for market stabilization purposes. The Over-Allotment Option in respect of the Additional Flow-Through Shares will expire concurrently with the closing of the Offering. The Over-Allotment Option in respect of the Additional Units may be exercised at any time up to 30 days following the closing of the Offering.

Closing of the Offering is subject to certain conditions including, but not limited to, achievement of the Minimum Offering, the execution of a definitive agency agreement between the Corporation and the Agent and the receipt of all necessary approvals, including the approval of the applicable securities regulatory authorities and the TSX Venture Exchange.

The Amended Prospectus is still subject to completion or amendment. A copy of the Amended Prospectus will be available electronically at www.sedar.com. There will not be any sale of or any acceptance of an offer to buy the securities until a receipt for the (final) prospectus has been issued. The material set forth herein is for informational purposes only and does not constitute an offer of securities for sale in the United States or any other jurisdiction in which such an offer or solicitation is unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act“), or the laws of any state, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of securities will be made in the United States.

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.

Cautionary Note Regarding ForwardLooking Statements: This Press Release contains or refers to “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. All information, other than information regarding historical fact that addresses activities, events or developments that KWG believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this Press Release is subject to a number of risks and uncertainties that may cause the actual results of KWG to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, KWG.
Should one or more of these risks and uncertainties occur, such as: the actual results of current exploration programs; risks normally incidental to exploration and development of mineral properties; the uncertainty of mineral resources estimates; uncertainties in the interpretation of drill results; the possibility that future exploration, development or mining results will not be consistent with expectations; the grade and recovery of ore varying from estimates; the general risks associated with the mining industry; the Corporation’s inability to maintain its title to its assets; the Corporation’s inability to obtain, maintain, renew and/or extend required licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities and other risks relating to the applicable regulatory framework; environmental damages and the cost of compliance with environmental regulations; environmental risks; adverse land claims from First Nations groups or other parties; lack of adequate infrastructure; a lack of support from the Ontario government and federal government for the development of the Ring of Fire area; the patents to be used to support the commercialization of the New Production Methods will not be granted; capital and operating costs varying significantly from estimates; slowing demand for ferrochrome products; adverse general market conditions; inflation; changes in exchange and interest rates; adverse changes in commodity prices; the impact of consolidation and rationalization in the steel industry; competition; risk that amendments to current laws, regulations and permits governing operations and activities of mining companies will have a material adverse impact the Corporation; the risk that the New Production Methods does not prove efficient or economical; intellectual property litigation; risks related to the tax treatment of the Flow-Through Shares; and, management’s discretion as to use of proceeds, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. KWG does not intend and do not assume any obligation to update these forward
looking statements, except as required by law. Readers are cautioned not to put undue reliance on such forwardlooking statements.

Shares issued and outstanding: 777,842,468

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

Secutor Capital Management Corporation
Arie Papernick
(416) 847-1220

Stria Lithium Announces Funding Commitment from the Government of Canada

Posted by AGORACOM-JC at 10:17 AM on Wednesday, November 12th, 2014

 

Innovation Funding Commitment to assist in the Company’s Development of Novel, Environmentally Sustainable Lithium Processing Technologies

 

OTTAWA, ONTARIO–(Nov. 12, 2014) - Stria Lithium Inc. (TSX VENTURE:SRA) (“Stria” or the “Company”) is pleased to announce that it has received a funding commitment of up to $137,700 from the Government of Canada through the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) in support of the Company’s continuing development of novel lithium processing technologies aimed at producing low-cost, very high purity lithium products.

Stria Lithium is advancing development of proprietary spodumene mineralization to lithium concentrate processing technologies capable of producing a low cost high-grade Li-metal, Li-carbonate and Li-hydroxide products.

On October 17, 2014, the Company announced it had completed a dense media separation study (“DMS”) with SGS Canada Ltd., demonstrating the mineralogical quality and viability for purification of spodumene mineralization from its 100% owned Pontax Lithium Project, Northern Quebec.

The mineralization will be used to feed Stria’s pilot plant located in Kingston, Ontario, scheduled for startup in early 2015.

Stria President and Chief Operating Officer Julien Davy said: “The federal government’s commitment of financial support bodes well for us in meeting our planned future production milestones, beginning with our pilot plant in Kingston. We are extremely grateful for NRC-IRAP’s business and technical advisory services, along with financial support, at this time in our process development.”

“Battery manufacturers are looking to the resource sector to find innovative solutions to lower production costs.

“Our decision to build our business on the development of new, proprietary processing technologies has attracted industry attention,” Mr. Davy added. “We believe our technologies hold the prospect of resolving not only cost and purity issues, but also, an industry imperative to do so on an environmentally sustainable basis.”

Stria’s aim is to license its potential technologies to electric vehicle and large-scale industrial energy storage battery manufacturers.

“Being able to ‘walk the talk,’ environmentally speaking,” Mr. Davy said, “is critical to our future success in the lithium industry.”

About Stria Lithium Inc.

Stria Lithium (TSX VENTURE:SRA) is a Mining Technology company that owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona. As announced in January 2014, Stria is developing proprietary, in-house processing technologies for both projects with the purpose of reducing processing costs on an environmentally sustainable basis.

Stria’s technologies, based on recovering lithium metal directly from mineralization and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.

Forward Looking Statement – Disclaimer

This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.

Stria Lithium Inc.
Mr. Julien Davy
President and COO
jdavy@strialithium.com