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PyroGenesis Announces Successful Delivery of First Order of Titanium and Inconel Powders Plus Receipt of Third Powder Order During Ramp-Up Phase $PYR.ca

Posted by AGORACOM-JC at 8:55 AM on Monday, June 19th, 2017

  • Signed its third contract for a sample order of titanium powder (Ti-6Al-4V) from a large manufacturer of 3D printers
  • Successfully produced and delivered its first powder order
  • “The fact that we now have received three sample orders in less than 4 months cannot be considered outlying interest, and underscores, what we believe to be, the market’s confidence in our capabilities and the underlying demand for our product…”

MONTREAL, QUEBEC–(June 19, 2017) – 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 advanced plasma processes and plasma torch products, is pleased to announce today that not only has it signed its third contract for a sample order of titanium powder (Ti-6Al-4V) from a large manufacturer of 3D printers, the name and origin of which will not be disclosed for competitive reasons, but it has also, further to its press release dated April 25, 2017, successfully produced and delivered its first powder order. Of particular note is that this third order was also placed during the ramp-up phase of the Company’s powder production system (the “System”), during which time the Company had no expectations of any powder sales at all. All three orders were from different clients.

“As we previously announced, we did not expect this type of interest before ramp-up was complete, and we would have considered any sample orders (i.e. up to 500kg) made during ramp-up to be very significant as this would further validate our strategic decision to re-enter the market for powder production,” said P. Peter Pascali, President and CEO of PyroGenesis. “The fact that we now have received three sample orders in less than 4 months cannot be considered outlying interest, and underscores, what we believe to be, the market’s confidence in our capabilities and the underlying demand for our product. As we have said before, although these orders are sample orders, what is truly noteworthy is that they have been received during our ramp-up phase, and the fact that these clients have taken the time to sample our powders and allocate the funds to qualifying them internally, all before the ramp-up phase is complete, is extremely significant.”

“The level of interest in our capabilities has taken us all by surprise as we did not expect this much interest so early on in and, of course, we are happy with the results so far,” said Massimo Dattilo, Vice President of PyroGenesis Additive. “Of note in today’s announcement, is that the first order was not only for Ti-6Al-4V but also for Inconel powder. This is indeed a watershed mark for the Company as it underscores the flexibility in the system and our capabilities as a company; and it has all taken place well ahead of our most aggressive expectations.”

As previously announced, PyroGenesis is the inventor of Plasma Atomization. The Company’s System uses Plasma Atomization to make small, uniform, fully dense and spherical metal powders that flow like water, and which are highly sought after in the Additive Manufacturing (“AM”) Industry.

The Company first began producing powders using this 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 to a patent pending.

On March 30, 2017, the Company announced that it had completed the assembly of its first System and that the first powder run exceeded expectations. This System is the first of many PyroGenesis expects to make to address an increasing need for metal powders in the AM industry.1 The ramp-up of the System is expected to be completed over the next few months.

“Our team remains focused and dedicated to our commitments to deliver high quality powders to the Additive Manufacturing Industry, while continuing to innovate and improve our process which is arguably, already, the gold standard for the industry”, said Pierre Carabin, Chief Technology Officer of PyroGenesis. “We are on schedule and extremely happy with the continuous increase we are seeing in our process performance.”

Separately, PyroGenesis is also pleased to announce today that it is implementing an online marketing and awareness program through AGORACOM, wherein the Company will receive significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine and social media marketing. In addition, exclusive sponsorships of invaluable digital properties such as the AGORACOM home page, AGORACOM TV, and the AGORACOM Twitter account will serve to significantly raise awareness of PyroGenesis’ business among small cap investors. The PyroGenesis discussion forum can be found at https://agoracom.com/ir/PyroGenesisCanada/forums/discussion.

Additionally, AGORACOM has launched “CEO Verified” Discussion Forums, the first ever verification of small cap executive posts on a finance platform. For the first time ever, small cap CEOs and other company officials can use AGORACOM discussion forums as their main social media platform to post comments and interact with both shareholders and the broader investment community in a fully moderated and verified forum. Posts to AGORACOM are shareable on Twitter, Facebook and LinkedIn. There are no log-in requirements for investors to read posts; those wishing to post questions, comments and interact with PyroGenesis officials can quickly log-in using their Facebook or LinkedIn accounts, or create a new user account.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (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. Its 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. Its 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.

1 Wohlers Report 2016 (ISBN 978-0-9913332-2-6)

SOURCE PyroGenesis Canada Inc.

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

FEATURE: (NAM: TSX-V) Among North America’s Leaders in PGM & Lithium Exploration $NAM.ca

Posted by AGORACOM-JC at 11:20 AM on Friday, June 16th, 2017

New age large

(NAM:TSXV)

Two Divisions: PGM and Lithium

New Age Metals belongs to the International Metals Group. Here are our other great companies.

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources.
  • Lithium Canada: formed April 2016, with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.

River Valley PGM Project

Largest Undeveloped Primary PGM Deposit in Canada

River Valley PGM Project is located 100 km east of Sudbury, Ontario

  • Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities , in the World
  • Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
  • Excellent Road Access to River Valley Property; Rail and Power Nearby
  • $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy

Mineral Resources – Project has had Five, 43-101 Reports

  • May 2012 Measured Resources: 26 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 0.7 Moz PGM plus Gold.
  • May 2012 Indicated Resources: 66 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 1.7 Moz PGM plus Gold.
  • May 2012 Measured + Indicated Resources: 91 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 2.4 Moz PGM plus Gold
  • May 2012 Inferred Resources: 36 Mt @ 1.1 g/t Palladium equivalent at cut-off grade of 0.8 g/t Palladium equivalent for 0.6 Moz PGM plus Gold
  • (see http://newagemetals.com/ for Details and Notes on the Resource Estimate)
  • Mineral Resources covered by Mining Leases (21-year Renewable Term)
  • Concentrate Grades: 16% Cu, 189 gpt PGM; Recoveries: 84% Cu, 69% PGM;
  • No Deleterious Metals or Minerals

NAM Announces Acquisition of the River Valley PGM Extension Project from Mustang MineralsCorp.

  • Strike Length of NAM’s River Valley Deposit Increased from 12 km to 16 km
  • Mustang’s surface grab samples returned Assays of up to 10 g/t PGM
  • Drilling Highlights Include:
  • 1.4 g/t PGM/9.0m in MR02-59 from 35m downhole
  • 4.0 g/t PGM/2.1m in MR02-62 from 153.7m downhole
  • 2.2 g/t PGM/4.5m in MR02-64 from 60.5m downhole
  • PGM mineralization is Open at Depth and footwall potential remains untested
  • T2-like Targets identified from Favourable Geological and Geophysical Surveys
  • Targets under evaluation for drill testing
  • The Tanco Mine was one of North America’s only
  • producers of Tantalum, Cesium and Lithium minerals (Spodumene), with the mine opening in 1969. Owned by the Cabot Corporation as of 1993
  • Presently the Tanco Mine produces Cesium Formate, a completion fluid for the petroleum industry.
  • At the end of 1992 (last published historic mineral inventory) was 1.075 Mt of 0.12% Ta2O5, 3.5 Mt of 2.7% LiO2 and 315,000 t of 23.3% Cs2O

Clayton Valley Forks Lithium Brine Project, Clayton Valley, Nevada
Silver Peak

12 Month Stock Chart


Outcrop of 19.65 g/t Gold Leads to Newly Exposed Vein Over 80 Meters $GGX.ca

Posted by AGORACOM-JC at 7:59 AM on Thursday, June 15th, 2017

 

  • Excavator trenching program, which was initiated after the discovery of new anomalous quartz outcrop exposed by logging, has now unearthed over 80 meters of Vein on both sides of the C.O.D.  shaft .
  • Samples taken from the new outcrop, returned up to 19.65 g/t gold.

Outcrop of 19.65 g/t Gold Leads to Newly Exposed Vein Over 80 Meters

Historic Gold Camp Greenwood BC

Vancouver, British Columbia – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce that its excavator trenching program, which was initiated after the discovery of new anomalous quartz outcrop exposed by logging, has now unearthed over 80 meters of Vein on both sides of the C.O.D.  shaft . Samples taken from the new outcrop, returned up to 19.65 g/t gold.

      “I am more than encouraged by the excavator trenching program on the Gold Drop which has recently exposed over 80 metres of vein adjacent to the  C.O.D shaft. As trenching progresses, and new assays from the channel sampling program are reported, I expect we will gain a much better understanding of the mineralized vein structures which are prevalent on the property. “

Says Barry Brown President GGX Gold Corp.

 

To view the graphic in its original size, please click here

The vein remains open at both ends and the new Clare Extension, which is immediately NE of the COD shaft, is on strike with a recently discovered outcrop that is located over 680 meters away, that returned 14.1 g/t gold. The Company is continuing the excavator program on the Clare Extension and has initiated a channel sampling program that will test the vein every 1.5 meters.  The first batch of samples from this program have been delivered to ALS  Lab for assaying.

To view the graphic in its original size, please click here

The Clare Extension

To view the graphic in its original size, please click her

To view the graphic in its original size, please click here

The program is being conducted at the Gold Drop Southwest Zone formerly the reverted C.O.D. Grant, where the shaft was sampled in the early 30’s and returned a sample reported to be 0.75 oz. / ton Au.

The Gold Drop property covers geologically prospective ground in the well-mineralized Greenwood Mining Division in BC. The property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined (Gold Drop, North Star, Amandy and Roderick Dhu veins).

This historic C.O.D. shaft is reported to be approximately 21 metres deep, and reported to have been sunk around 1900 on a gold bearing quartz vein (C.O.D. occurrence). The shaft was reported to have been de-watered in 1983. Historic 1980s trenches reportedly traced the vein to the southwest to the Tel 2 occurrence. The quartz vein in the shaft (C.O.D occurrence) is reported to be 1.22 metres wide, striking northeast – southwest. A 1988 diamond drill hole reported adjacent to the shaft was reported to intersect 7.4 g/t Au and 86.8 g/t Ag over 0.75 metres (true width of mineralization not reported). Chip samples during 1983 from the vein were reported to average 10.3 g/t Au and 102.6 g/t Ag over a length of 1.2 metres. A 1988 quartz vein grab sample from a trench southwest of the C.O.D. shaft was reported to return 20.8 g/t Au and 115.6 g/t Ag (Tel 2 gold and silver occurrence). This 1988 sample was reported as banded chalcedonic quartz.

To view the graphic in its original size, please click here

June 2017 Trenching at Gold Drop Southwest Zone (area of historic C.O.D shaft)

Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

 

Forward Looking Information

 

This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, the Company’s information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

 

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

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ggxgoldcorp06152017.pdf

PyroGenesis Announces Creation of “PyroGenesis Additive”: Division Dedicated to Additive Manufacturing and First Step to Spin-off; Provides General Up $PYR.ca

Posted by AGORACOM-JC at 9:30 AM on Wednesday, June 14th, 2017

Pyr header 1

  • Created a new division under the name of “PyroGenesis Additive“, dedicated solely to PyroGenesis’ additive manufacturing business line
  • First step to the Company’s previously announced strategic spin-off

MONTREAL, QUEBEC–(June 14, 2017) – 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 created a new division under the name of “PyroGenesis Additive“, dedicated solely to PyroGenesis‘ additive manufacturing business line. This is the first step to the Company’s previously announced strategic spin-off.

PyroGenesis is the inventor of Plasma Atomization, using this process 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.

The Company first began producing powders using Plasma Atomization 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.

The following highlights and developments have been made to date:

  • On October 26, 2015, PyroGenesis announced that it was re-entering the market to produce metal powders, specifically for AM (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 metal 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 assembly and first production run;
  • On January 23 and March 14, 2017, PyroGenesis provided updates 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. The Company also noted 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; and
  • On June 7, 2017, PyroGenesis announced receipt of its second powder order.

The current production system is the first of many PyroGenesis expects to make to address an increasing need for metal powders in the AM Industry.1

Mr. P. Peter Pascali, President and CEO of PyroGenesis, provides an update on the developments within PyroGenesis’ AM business line in the following Q&A format:

Q. Very very busy year so far for PyroGenesis and now we see the creation of PyroGenesis Additive.

A. Most definitely. Over the top. Exceeds our wildest expectations on every front.

Q. So are we finally going to see some movement with respect to the spin-off announced in April 2016?

A. Most certainly. The creation of PyroGenesis Additive is definitely the first step in spinning off our AM capabilities, which we announced over a year ago, into a standalone entity. We are dedicated to a spin-off for a number of reasons, all of which speak to increasing shareholder value. A spin-off, should be less complicated to analyze and we feel it would appeal to a larger investor audience who, although interested in investing in the AM Industry, have little or no interest in either understanding, or investing in, our other business lines (i.e. waste destruction, DROSRITE™, PUREVAP™, amongst others), and a spin-off could help avoid this. Concurrently, we feel a spin-off would provide for a clearer, and better defined, entity, which third parties could consider for joint ventures, strategic alliances, or even an acquisition of PyroGenesis Additive.

Q. Why the delay in the spin-off?

A. Simply put: the world of AM has changed significantly since we first announced our intention to spin-off our additive manufacturing capabilities; and, may I add, all for the better for PyroGenesis’ shareholders.

Over a year ago, we announced our intention to start producing speciality powders for the AM Industry which garnered such interest that it became apparent that PyroGenesis’ shareholders might be best served by spinning off this business line.

As such, we announced our intention to spin off our AM capabilities, but while completing our analysis of the various options available, and just when we were about to make a decision, General Electric (“GE”) announced its acquisition of Arcam, in November 2016, for approximately US$700MM. Now this is noteworthy because Arcam’s subsidiary, AP&C, which was acquired by Arcam for Can$35MM in 2014(2), produced powders using PyroGenesis’ old proprietary technology under an agreement which precluded PyroGenesis from competing against AP&C until 2012. Of particular note, through Arcam, AP&C became the dominant supplier of speciality powders to the AM Industry. GE’s acquisition of Arcam, and by extension of AP&C, has effectively disrupted the supply chain of speciality powders in the AM Industry which has caused end users of such powders to re-examine their access to them, all while PyroGenesis is re-entering the market as a supplier of such powders.

It would not have been prudent for us to carry on with a spin-off merely because we announced such intentions a few months earlier, without fully analyzing the ramifications of the changing landscape.

Q. Where does the spin-off stand and what should investors expect?

A. We believe that the delays in the spin-off have essentially created more value for investors when PyroGenesis Additive is eventually spun off. We will have a working system, with dedicated employees contributing solely to the spin-off, thereby reducing risk and creating more value for PyroGenesis’ shareholders. Additionally, since GE’s acquisition of Arcam, there has been significant interest in PyroGenesis’ powder production capabilities and as such, we believe there is a high probability that we will have visibility on, if not signed, contracts for long term powder supply by the time we spin-off PyroGenesis Additive. At this point, we believe the interests of our shareholders are best served if the spin-off were concurrent with the signing of long term contracts.

Q. When could we expect the spin-off to occur?

A. Given the interest in our powders during the ramp-up phase, we are, barring any developments to the contrary, still committed to a spin-off in 2017.

Q. Speak to us about the ramp-up phase. How is it going? Where do you stand? Have there been any significant issues or developments to report?

A. We could not be happier.

We assembled and commissioned the system, and had our first powder run, as promised, by the end of 2017-Q1 despite significant delays from suppliers. Next, our goal was to ramp-up to full capacity over the ensuing four (4) months (i.e. April-July). Our stated goal was to become a leading supplier of high purity powders with an initial focus on producing commercially pure Titanium and Ti-6Al-4V powders, with additional powders/products being developed on a case by case basis. We did not expect any powder sales until ramp-up was complete however, to our surprise, on April 25, we announced having received a sample order from a multinational conglomerate. To top that off, last week we announced receipt of a second sample order, which together we believe speaks to both the confidence in our capabilities and the demand for our product in the marketplace.

These orders, although excellent news, have nonetheless put some pressure on a number of aspects relating to ramp-up; in particular, the orders we received were not only for titanium powders which we are used to producing, but as announced, also for Inconel which we had never processed before.

To make a long story short, ramp-up was put on hold in order to fulfill the order for Inconel, but the following was done successfully. In fact, the powder production rate was far greater than that for Titanium and the Inconel powder was of exceptional quality; proving, amongst other things, the flexibility of our Plasma Atomization System and how quickly we can “pivot”.

All that to say, given these orders, the ramp-up phase has been extended by approximately, 4-6 weeks.

Separately, but in parallel, PyroGenesis’ existing quality control system (ISO 9001:2008 certified) is being expanded to include the additional protocols required by the AM Industry.

Q. Could you please provide an update on the next significant milestone in powder production?

A. Most certainly. We are currently producing flowable powder batch after batch. What is even more noteworthy is the fact that, although our original ramp-up envisioned producing Ti64, we have also successfully produced Inconel powders and are currently in discussions to consider producing additional materials as well.

The next milestone is to move to a 2 shift/day, which we are currently hiring and training for. Given the natural lag that occurs during the summer, we are not expecting this to be completed before the end of August.

Q. Could you give us an indication in terms of production rate and quality of the powders at this stage of the ramp-up phase?

A. Again, we are very happy with the results so far. First and foremost, our production rate is significantly better than what we used to have. The powders already meet or exceed the ASTM specifications and we expect that by the end of the ramp-up phase our Ti64 powders will be of a significantly higher quality.

Additionally, we have adjusted the process to be Tungsten free, something it seems that various industries are interested in, and we are very happy with the results so far. We expect that by year-end, we will be able to guarantee a Tungsten free product.

Q. Any concerns?

A. Yes and no. We have definitely underestimated the interest in our production and it has become apparent that we need to expand our capacity faster than originally planned. We currently have plans to order the long lead items for 3 more systems in anticipation of having to address this need.

Separately, this early interest has caused us to think of adding in-house analytical capabilities and automated sieving processes earlier than planned. All this bodes well for the underlying business as both speak to quicker turnaround time and more reliable post production processing.

Q. In your April 25th press release you noted that you had “…signed a number of agreements with significant and potential players in the AM Industry, wherein the Company is in discussions regarding the possibility of concluding certain business relationships or transactions related to AM, most notably geared to the production of powders…”. Could you elaborate on this?

A. Yes, but in all fairness we did point out that although noteworthy, we cautioned concluding that anything of significance would happen quickly, or even at all. Discussions take time and we are still in the early phases, and that still rings true.

However, we note that we have had discussions with top level metal printer manufacturers, distributors, and end-users; some at our facilities and others at theirs. It is indeed encouraging to see that our product is having the resonance that we thought it would have in the marketplace. The minimum takeaway should be the interest we are garnering from very discerning entities in such a short time frame.

Q. So, in conclusion, you are confident?

A. Absolutely. The decision to re-enter into powder production was the right one. The changes and consolidation in the marketplace over the past year have only underscored this decision. We are the inventors of Plasma Atomization, a process that arguably has helped bring AM to where it is today, and so we can say with confidence, that we are back. We are back to producing, but more so, improving the process that has become the gold standard in the AM Industry.

Q. Your goal?

A. As previously announced, our goal is not only to become a significant producer of metal powders to the AM Industry, but to bring the technology to a new level and enable 3D printing to reach new heights by effectively making our old technology, the gold standard, obsolete. We are making great strides on both fronts, and we have only been up and running for less than 3 months.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (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. Its 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. Its 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.

1 Wohlers Report 2016 (ISBN 978-0-9913332-2-6)

2http://advancedpowders.com/news/arcam-to-make-strategic-acquisition-of-metal-powder-manufacturer-to-secure-supply-of-strategic-raw-materials

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

Tetra Bio-Pharma Appoints Aphria CFO, Mr. Carl Merton to the Board of Directors $TBP.ca

Posted by AGORACOM-JC at 9:00 AM on Wednesday, June 14th, 2017

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  • Appointed Mr. Carl A. Merton to the Board of Directors, effective immediately. 

OTTAWA, ONTARIO–(June 14, 2017) – Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (CSE:TBP)(CSE:TBP.CN)(CNSX:TBP)(OTCQB:TBPMF) today announced that it has appointed Mr. Carl A. Merton to the Board of Directors, effective immediately.

Mr. Merton has over 20 years of financial and business experience, including 10 years experience as a CFO for public companies involved in the capital markets. Beginning with 12 years combined with Ernst & Young and KPMG, he transitioned from the audit stream into financial advisory work, as a Business Valuator, Forensic Accountant and Corporate Finance functions. After leaving KPMG, Mr. Merton joined Atlas Tube Inc., as Vice-President, Special Projects. After assisting in the sale of Atlas Tube, Mr. Merton became the CFO of Reko International Group Inc. In December 2014, Mr. Merton was elected by shareholders as a member of the inaugural Board of Directors of Aphria Inc. Approximately one year later, Mr. Merton resigned as a member of the Board and joined Aphria as its CFO. In his role as CFO, Mr. Merton is responsible for communication with all stakeholders and is a member of the executive management team responsible for the strategic direction of Aphria, as well as leading all acquisition discussions, budgeting, financing, financial reporting and internal controls. Mr. Merton is a Chartered Professional Accountant, a Chartered Accountant and is a Fellow of the Canadian Institute of Chartered Business Valuators (the “CICBV”). He holds a B.Comm. Hon. in Sports Administration from Laurentian University, and has served as a past Chair of both the CICBV and the International Association of Professional Business Valuators. Mr. Merton is currently a member of the Board of Directors and Chair of the Audit Committee of Motor City Community Credit Union.

“We are most pleased to welcome Mr. Merton to the board as we continue to work closely with our strategic partner, Aphria in building Tetra as a leading bio-pharmaceutical organization,” said Andre Rancourt, Chairman and CEO of Tetra Bio-Pharma. “Mr. Merton’s tremendous experience as a CFO of publicly listed companies has resulted in raising in excess of $200 million. His vast network both in the U.S. and Canada will be a key factor in the Company’s growth. We look forward to working closely with him in building Tetra as a global leader in pharmaceutical cannabis.”

About Tetra Bio-Pharma:
Tetra Bio-Pharma is a multi subsidiary publicly traded company (CSE:TBP)(OTCQB:TBPMF) engaged in the development of Bio Pharmaceuticals and Natural Health Products containing Cannabis and other medicinal plant based elements.

Tetra Bio-Pharma is focused on combining the traditional methods of medicinal cannabis use with the supporting scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators physicians and insurance companies. More information is available about the company at: www.tetrabiopharma.com.

Source: Tetra Bio-Pharma

The Canadian Securities Exchange (“CSE”) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Tetra Bio-Pharma Inc.
Edward Miller
Vice President, IR & Corporate Communications
edward@tetrabiopharma.com
(514) 360-8040 Ext. 20

Tetra Bio-Pharma Announces UNB Cannabis Health Research Chair $TBP.ca

Posted by AGORACOM-JC at 9:26 AM on Tuesday, June 13th, 2017

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  • Tetra Bio-Pharma Inc. and The New Brunswick Health Research Foundation are investing a combined $1 million,
  • $500,000 each over five years to establish a Health Research Chair in Cannabis at the University of New Brunswick (UNB)

OTTAWA, ONTARIO–(June 13, 2017) – Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (CSE:TBP)(CSE:TBP.CN)(CNSX:TBP)(OTCQB:TBPMF) and The New Brunswick Health Research Foundation are investing a combined $1 million, $500,000 each over five years to establish a Health Research Chair in Cannabis at the University of New Brunswick (UNB).

The chair will focus on the study of biochemistry, medicinal use and pharmacology of cannabis. This research will expand UNB’s commitment to research and innovation in the field of natural product and biomedical, health and life sciences – adding to its reputation as a leader in natural products’ research.

“The Cannabis Health Research Chair is a key example of the university’s commitment to discovery,” says Dr. David Burns, Vice-President (Research), UNB. “We believe in the power of research to advance innovation within New Brunswick. With 75 per cent of the province’s public funded research taking place at UNB, we’re thrilled to play a central role.”

Potential research areas for the chair include the analysis of existing cannabis literature, in order to understand inconsistencies and identify needs for future research; the biochemistry and medicinal chemistry analyses of cannabis; and preclinical pharmacology studies.

“Health research is instrumental in helping us find better ways to provide patient care in our province,” says Health Minister Victor Boudreau. “This new Cannabis Research Chair will certainly provide crucial and innovative information on the use of cannabis as a medical treatment.”

“We are honoured to invest with the New Brunswick Health Foundation in establishing a research chair at the University of New Brunswick as Tetra positions itself as a global leader in pharmaceutical cannabis,” said Andre Rancourt, CEO of Tetra Bio-Pharma.

The recruitment and nomination process will be conducted at the University of New Brunswick for a tenured track faculty member. Funding for the chair is expected to start in the 2017-18 fiscal year.

Dr. Guy Chamberland, Chief Scientific Officer of Tetra Bio-Pharma added: “Over the past few years, the province of New Brunswick has positioned itself on the forefront as global leaders in the development of cannabis products for health care. The Tetra team has partnered with the New Brunswick Health Research Foundation to help bring innovative cannabis-based therapies to patients. We have no doubt that when established, the work of this new chair will contribute significantly to this network by providing crucial information on the safety toward implementing new cannabis based products to practitioners working to help improve the quality of life for patients specifically living with chronic pain.”

This research will expand the university’s capacity to train, mentor and prepare undergraduate and graduate students to work effectively in botanical product research.

“The present Health Research Chair, the second one announced within a month, clearly signifies New Brunswick’s intention to be at the forefront of cannabis research. This competitive Chair will further develop the science toward implementing proven and safe innovative cannabis-based therapies for the chronic treatment of various disorders (pain, PTSD, etc.),” says Dr. Bruno Battistini, President, CEO and Scientific Director of the New Brunswick Health Research Foundation.

“New Brunswick, with such entities as UNB, the NB Research and Productivity Council, and Tetra Bio-Pharma as the private sector partner, create a unique association, leveraging scientific and innovation expertise that will strongly address the clinical challenges introduced by the legalization and regulation of this natural product.”

About Tetra Bio-Pharma:

Tetra Bio-Pharma is a multi subsidiary publicly traded company (CSE: TBP) (OTCQB: TBPMF) engaged in the development of Bio Pharmaceuticals and Natural Health Products containing Cannabis and other medicinal plant based elements.

Tetra Bio-Pharma is focused on combining the traditional methods of medicinal cannabis use with the supporting scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators physicians and insurance companies. More information is available about the company at: www.tetrabiopharma.com.

Source: Tetra Bio-Pharma

The Canadian Securities Exchange (“CSE”) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Tetra Bio-Pharma Inc.
Edward Miller
Vice President, IR & Corporate Communications
(514) 360-8040 Ext. 203
edward@tetrabiopharma.com
www.tetrabiopharma.com

 

American Creek Reports That JV Partner Tudor Gold Plans to Define a Gold Resource at Treaty Creek $AMK.ca

Posted by AGORACOM-JC at 9:35 AM on Monday, June 12th, 2017

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  • JV partner and operator Tudor Gold Corp. has announced their 2017 drilling plans and confirmed that they intend to define a gold resource this summer at the Treaty Creek Project located in BC’s “Golden Triangle”
  • Primary goals to develop a primary resource estimate on the Copper Belle zone and to determine how much further drilling is required to develop a preliminary resource estimate on the GR2 zone

CARDSTON, ALBERTA–(June 12, 2017) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that JV partner and operator Tudor Gold Corp. (“Tudor”) has announced their 2017 drilling plans and confirmed that they intend to define a gold resource this summer at the Treaty Creek Project located in BC’s “Golden Triangle” immediately north of, and in the same hydrothermal system as, Seabridge Gold’s KSM project and Pretivm’s Brucejack project.

Tudor, in Friday’s news release, confirmed the main goals for the 2017 Treaty Creek program as outlined in their previous April 4, 2017 news release and stated the following:

“Two of the primary goals of the 2017 exploration program on the Treaty Creek claims are to develop a primary resource estimate on the Copper Belle zone and to determine how much further drilling is required to develop a preliminary resource estimate on the GR2 zone.

James McCrea, PGeo, has been retained to prepare the resource estimates on the Copper Belle and GR2 zones. Mr. McCrea has a wealth of experience as a geologist and resource specialist, including the preparation of resource estimates for other publicly traded companies operating in the Golden Triangle near Stewart, B.C. Mr. McCrea will supervise a drilling plan aimed at carrying out sufficient infill and stepout drilling in the Copper Belle zone to permit a resource estimate based on a 50-metre-by-50-metre drill hole spacing over a surface area of 500 metres by 300 metres. It is anticipated that all holes will be drilled to a minimum depth of 300 metres. Holes showing continuing mineralization may be drilled deeper, and, as warranted, drill casings will be left in place to facilitate further exploration. Additionally, cut channel trenching will be employed in areas where mineralization crops out on surface.

As also detailed in the press release of April 4, 2017, the 2017 drill results will be used to further interpret and validate the results of the magnetotellurics (MT) survey carried out in 2016. Through that process, the results of the MT survey will become even more useful in guiding further exploration toward expanding mineral resource estimates.

Raul Sanabria, PGeo, has designed a drilling plan for the GR2 zone which will focus on delineating the high-grade gold zone found in hole GR2-09-07 and extending the known mineralized zone along strike for 500 metres and downdip for another 500 metres.

More Core Diamond Drilling Services of Stewart, B.C., will carry out all the diamond drilling in 2017. More Core has extensive experience drilling on the Treaty Creek claims for both Tudor Gold and prior rights holders. More Core will dedicate two drill rigs to the Treaty Creek project, with drilling to commence as soon as the snowpack has melted enough to ensure safe, logistically feasible operations.”

Darren Blaney, President and CEO of American Creek stated: “We are very pleased and excited to see the Treaty Creek Project take a major step forward this summer with Tudor beginning work on developing resource estimates for both the Copper Belle and GR2 gold zones. In addition, with the 2016 MT survey indicating that mineralized zones extend towards Seabridge’s Iron Cap zone (located within 1 km of the Treaty Creek claim boundary), we will be closely watching the outcome of Seabridge’s significant 2017 drill program planned for the Deep Iron Cap zone as they follow up on their spectacular drill hole IC-16-62 from last summer.”

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 Walter Storm/Tudor as well as the recently acquired 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.

Information relating to the Corporation is available on its website at www.americancreek.com.

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

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

INTERVIEW: Monarques Gold Discusses Aggressive Work Program on Fully Permitted Croinor Gold Mine $MQR.ca

Posted by AGORACOM-JC at 12:08 PM on Friday, June 9th, 2017

Gold Drop Property Multiple Gold Bearing Rock Samples including 19.6 g/t Gold at Historic C.O.D Shaft and 14.1 g/t Gold at New Vein Showing Greenwood $GGX.ca

Posted by AGORACOM-JC at 8:54 AM on Thursday, June 8th, 2017

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  • Seven grab quartz vein samples collected at the Gold Drop Southwest Zone returned in excess of 1 gram per tonne gold (g/t Au)
  • Two of these samples exceeded 10 g/t Au including a sample adjacent to the historic C.O.D. shaft (19.65 g/t Au) and a bedrock vein sample along a new access road which returned 14.1 g/t Au

Vancouver, British Columbia – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce analytical results for initial rock samples collected during May 2017 at its high-grade Gold Drop property, located near Greenwood in southern British Columbia. Seven grab quartz vein samples collected at the Gold Drop Southwest Zone returned in excess of 1 gram per tonne gold (g/t Au). Two of these samples exceeded 10 g/t Au including a sample adjacent to the historic C.O.D. shaft (19.65 g/t Au) and a bedrock vein sample along a new access road which returned 14.1 g/t Au. This new vein showing is approximately 680 metres northeast of the C.O.D. shaft. The property covers geologically prospective ground in the well-mineralized Greenwood Mining Division. The property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined. One focus of the current work is to locate and sample reported veins and document historic workings. Such work was conducted in the Gold Drop Southwest Zone during May 2017.

To view the graphic in its original size, please click here

During May 2017 the Company collected multiple rock samples at the Gold Drop Southwest Zone. Gold and silver bearing veins are reported in this area including the C.O.D. and Tel 2 gold – silver vein occurrences (B.C. MINFILE Occurrence No. 082ESE285 and082ESE287). The Company located the C.O.D. vein and historic C.O.D. shaft and other historic trenches and pits in this area during May. Rock samples were collected during the program at the C.O.D. vein at and close to the C.O.D. shaft; and from quartz veins northeast and northwest of the C.O.D. shaft. The samples were submitted to ALS Minerals in North Vancouver for gold analysis (Fire Assay and AAS). Select samples were also analyzed for 33 additional elements (Four Acid and ICP-AES). The Company has received analytical results for the first 20 samples collected. Seven of these rock samples exceeded 1 g/t Au (all being grab rock samples), listed in the following table:

Sample No. Au (g/t)   Comments
      Sample from southwest striking C.O.D. quartz vein (approximately 1 metre wide)
V108001 19.95 at historic  C.O.D. shaft.
V108002 1.20 Sample from C.O.D vein 15 metres southwest of V108001.
      Sample from pyrite bearing, southwest striking quartz vein (approximately 1
      metre wide) at historic shaft approximately 750 metres northeast of sample
V108003 2.93 V18001.
      Sample from pyrite bearing, newly exposed quartz vein (approximately 0.5
      metres wide) along new road. Approximately 80 metres southwest of sample
V108005 14.10 V108003 and approximately 680 metres northeast of V108001 (C.O.D. shaft).
      Sample of quartz vein from small pit approximately 40 metres northeast of
V108007 2.03 sample V108003.
      Sample of quartz vein from small pit approximately 170 metres northeast of
V108008 2.11 sample V108003.
      Sample of quartz vein (approximately 0.5-0.75 metres wide) from small pit
V108011 2.02 approximately 420 northwest of sample V108001.

To view the graphic in its original size, please click here

This historic C.O.D. shaft is reported to be approximately 21 metres deep, and reported to have been sunk around 1900 on a gold bearing quartz vein (C.O.D. occurrence). The shaft was reported to have been de-watered in 1983 with the vein in the shaft being sampled. Historic 1980s trenches reportedly traced the vein to the southwest to the Tel 2 occurrence. The quartz vein in the shaft (C.O.D occurrence) is reported to be 1.22 metres wide, striking northeast – southwest. A 1988 diamond drill hole reported adjacent to the shaft was reported to intersect 7.4 g/t Au and 86.8 g/t Ag over 0.75 metres (true width of mineralization not reported). Chip samples during 1983 from the vein were reported to average 10.3 g/t Au and 102.6 g/t Ag over a length of 1.2 metres. A 1988 quartz vein grab sample from a trench southwest of the C.O.D. shaft was reported to return 20.8 g/t Au and 115.6 g/t Ag (Tel 2 gold and silver occurrence). This 1988 sample was reported as banded chalcedonic quartz.

Excavator trenching is underway now to further expose and trace the gold being veins sampled in May. Trenching in the area of sample V108005 is a high priority to Company management. This newly exposed quartz vein is on the approximate northeast trend of the C.O.D. vein. Samples V108003, V108007 and V108008 were also collected in this general area and further northeast of V108005. Trenching will test the area between the C.O.D shaft and this area of gold bearing veins.

Historic shaft in southwest region of Gold Drop Property

To view the graphic in its original size, please click here

 

To view the graphic in its original size, please click here

Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

Forward Looking Information

This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, the Company’s information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

 

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.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ggxgold06082017.pdf

Namaste Announces Record Monthly Sales of CAD$1.108M $N.ca

Posted by AGORACOM-JC at 11:47 AM on Wednesday, June 7th, 2017

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  • Achieved record monthly sales and traffic for the month of May
  • Total unaudited sales amount for May is CAD$1.108 million representing
  • 4.7% increase in sales from April

VANCOUVER, British Columbia, June 07, 2017  – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ)(OTCMKTS:NXTTF) is pleased to announce that it has achieved record monthly sales and traffic for the month of May. The total unaudited sales amount for May is CAD$1.108 million representing a 4.7% increase in sales from April.

The table below depicts at a high level gross revenues including traffic and conversion rates for Namaste sites. Note that ‘Namaste’ from the table below represents all sites which operate under the ‘Namaste Vapes’ brand. This table does not include revenue generated from wholesale, drop shipping or other sales channels.

Total net sales as reported by the Company (including shipping revenues and after discounts and refunds) were CAD$1,108,034 in May 2017, as compared to CAD$1,058,192 in April 2017, representing a 4.7% increase.

Below are gross sales of the major sites operated by the Company. Not included are drop-ship sales, Distribution Goods, channel sales and direct sales. These represent approximately 9.9% of total revenues. Revenues below are excluding shipping revenues and before discounts and refunds. Effective May 7, 2017 VaporSeller is integrated with NamasteVapes.

Select operating data May 2017 in $CAD

Traffic Conversion Orders Basket Price Gross Revenues
Namaste 109,677 1.72 % 1,883 $ 235 $ 442,930
Australian Vaporizers 47,472 4.03 % 1,911 $ 193 $ 368,003
EDIT 248,248 0.75 % 1,867 $ 88 $ 163,840
GreenVapes 3,394 1.86 % 63 $ 302 $ 19,039
Total 411,821 1.40 % 5,772 $ 173 $ 996,711

Further analysis of the e-commerce sites shows that the percentage of recurring traffic of the larger sites has increased and is currently between 28% and 37% of total traffic depending on the site. In addition, recurring revenues represent more than 50% of total revenues which points at an increased average basket price for recurring customers. Furthermore the conversion ratio of recurring traffic is much higher than the conversion of new visitors. The conversion of new visitors to the Namaste Vapes sites was 1.01% and for recurring visitors it was 2.99% in May. The conversion of new visitors to the EDIT sites was 0.52% and for recurring visitors it was 1.33% in May.

The Company made good progress with its wholesale division Distribution Goods. Revenues in May increased with 8.9% to C$72,324 compared with the previous month. Distribution Goods was the fastest growing division after Australian Vaporizers, which reported a 15% increase in sales in May compared with April.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “We are very pleased with the results of May sales. The integration of Australian Vaporizers has gone well thanks to our management team and we are expecting continued growth along with reduction of operating expenses going forward into this quarter.”

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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Main: + 1 (786) 389-9771
www.namastetechnologies.com
info@namastevapes.com