Palladium is the main payable metal accounting for 65% of revenue stream based on 2019 PEA.
1:0.4 (Pd:Pt).
Excellent infrastructure and within 100 kilometers of the Sudbury Metallurgical Complex.
NI 43-101 Mineral Resource Estimation (Q1 2019)
PEA done Q3 2019.
2020 plan to follow up on PEA recommendations.
Preliminary Economic Assessment demonstrates positive economics for a large-scale open pit mining operation.
PEA Highlights (CDN$):
Life of mine (LOM) of 14 years, with 6 million tonnes annually of potential process plant feed at an average grade of 0.88 g/t Palladium Equivalent (PdEq) and process recovery rate of 80%, resulting in an annual average payable PdEq production of 119,000 ounces.
Pre-Production capital requirements: $495 M.
Undiscounted cash flow before income and mining taxes of $586M.
Undiscounted cash flow after income and mining taxes of $384M.
Average unit operating cost of $19.50/tonne over the life-of-mine.
Potential for up to 325 jobs at the peak of production.
Using March 11, 2020 spot Palladium price (US$2,275/oz) River Valley Project After-tax IRR is 30% and After-tax NPV (5%) is $C858M.
New Age Metals Inc. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 3:55 PM on Friday, March 27th, 2020
SPONSOR: Tartisan Nickel (TN:CSE)
Kenbridge Property has a measured and indicated resource of 7.14
million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has
interests in Peru, including a 20 percent equity stake in Eloro
Resources and 2 percent NSR in their La Victoria property. Click her for more information
The thematic case for nickel
Nickel has exciting long-term prospects as its use in electric vehicle batteries is expected to drive its demand growth in the future
This structural trend has, however, not immunised it against the recent headwinds facing industrial metals
By Mobeen Tahir, Associate Director, Research, WisdomTree.
Nickel has exciting long-term prospects as its use in electric
vehicle batteries is expected to drive its demand growth in the future.
This structural trend has, however, not immunised it against the recent
headwinds facing industrial metals. Industrial metals are cyclical
commodities and their performance is fuelled by global economic growth.
The sector has therefore been under pressure from trade wars and, more
recently, coronavirus. In this blog, we want to shift the focus back to
nickel’s strategic case. We remain cognizant that the current storm is
not over yet but expect a smoother sail once the existing headwinds
subside.
Analysing nickel’s recent history
Nickel has strongly outperformed the industrial metals basket
(composed of copper, zinc, aluminium and nickel) in the last 3 years
(Figure 1). The sector has faced challenges since the advent of trade
wars in 2018 both directly due to tariffs and indirectly via a resulting
slowdown in global economic activity. Nickel too has had its share of
price volatility during this time. The metal rallied sharply in July
2019 on the expectation that Indonesia, which produces a quarter of
global nickel supply, will bring forward its nickel ore export ban by 2
years to January 2020. Indonesia announced this decision soon
thereafter. Concerns of supply shortages drove the price in a market
which was already in a deficit. Nickel’s fortunes reversed in the last
quarter of 2019 as stainless-steel demand, which currently accounts for
nearly two-thirds of the metal’s use, dwindled. The dynamics of the
nickel market are however changing which is why we have an optimistic
view of the future.
Source: WisdomTree, Bloomberg. Monthly data from 01/01/2017 to
03/01/2020. Industrial metals basket refers to the Bloomberg Industrial
Metals Subindex.
Battery solutions to take a larger share of nickel
According to metal experts Wood Makenzie, battery solutions are
expected to account for more than 30% of the total demand for nickel by
2040, up from around 4% today (Figure 2). This is because electric
vehicles are forecasted to be around 50% of all passenger car sales by
2040, up from around 8% today. Batteries need to become more efficient
to enable this growth and nickel is expected to play a pivotal role.
According to the Nickel Institute, nickel-containing Lithium-ion
batteries are powering the electric vehicle revolution as nickel in
batteries helps deliver higher energy density and greater storage
capacity at a lower cost. This will allow electric cars to have both a
longer range, i.e. the ability to drive longer distances without
requiring a recharge, and lower cost promoting wider adoption.
Now, the impact on price from demand growth can, in theory, be offset
by an equal increase in supply. We, however, believe that supply growth
will be much slower as, according to Wood Mackenzie, the average time
for a new nickel mining project to start producing the metal is around 9
years. Miners will seek higher prices to be incentivised to undertake
such projects.
Source: WisdomTree, Wood Mackenzie. Forecasts (F) from 2019.
It is uncertain how quickly the current headwinds facing industrial
metals will dissipate. Having said that, the market dynamics of nickel
are changing and the long-term outlook appears promising for the metal
supported by a thematic shift towards electric vehicles which is being
powered by nickel-containing batteries. With the nickel market already
in a supply deficit, we expect growing demand to support its price in
the long-term.
Posted by AGORACOM-JC
at 12:45 PM on Friday, March 27th, 2020
SPONSOR: Datametrex AI Limited
(TSX-V: DM) A revenue generating small cap A.I. company that NATO and
Canadian Defence are using to fight fake news & social media
threats. The company announced three $1M contacts in Q3-2019. Click here for more info.
Covid-19 fake news hacks its way onto government blockchain website
On March 14, the government in Argentina disclosed that its system had effectively been hacked.
Perpetrator(s) uploaded false information regarding guidelines for public officials on handling the coronavirus (Covid-19) onto the country’s official bulletin website, which just so happens to use blockchain technology.Â
As a result, officials took the site temporarily offline.
Correspondingly, another issuance will be necessary to disclaim the false statements posted on its 34,239 editions.
Have the blockchain gods forsaken the government of Buenos Aires? Not exactly. Blockchain isn’t bullet-proof.
Hacked! Why Argentina’s case is a big deal
Perhaps you’re wondering, “what’s the big deal? It’s just a bulletin.â€
No, it’s not just a bulletin.
Many countries have their own official bulletin or gazette wherein
laws, notifications, or other big-deal, high-level government
information is formally announced.
In Argentina, it’s known as the BoletÃn Oficial. Mexico’s is christiend the Diario Oficial de la Federación. In the US it’s called the Federal Register.
And the fact that something of such substantial importance in
government communications was hacked is both alarming and interesting.
First off, blockchain-based systems are often hailed as more fool-proof to this type of manipulation.
And that’s because each block within the chain is supposed to have
its own unique cryptographic fingerprint and use what’s known as a
“consensus protocol.†Through this protocol, the nodes on the network
share and record transactional history.
Thanks to these mechanisms, in theory, not just any outsider can show up and manipulate the data.
But with some creativity and determination, hackers can bust through blockchain’s apparently impenetrable defenses.
Secondly, everyone is well aware of how fake news can make its way
onto social media. As a result, we’re consistently advised to only rely
on official sources, like government websites, for more information on
the pandemic.
The hacking of a government outlet like Buenos Aires’ means that no
source is 100 percent safe and fool-proof to being used as a platform to
broadcast false statements.
That’s why we should make an effort to consult additional sources for
more information. Especially for a topic as sensitive as healthcare.
And remember, if the government is hackable, so are you. So take the necessary precautions to protect your own data and systems.
Posted by AGORACOM-JC
at 12:13 PM on Friday, March 27th, 2020
SPONSOR: BetterU Education Corp.
aims to provide access to quality education from around the world. The
company plans to bridge the prevailing gap in the education and job
industry and enhance the lives of its prospective learners by developing
an integrated ecosystem. Click here for more information.
What Indian Edtech Leaders Are Saying About COVID-19 Pandemic
Employees of most IT companies have been directed to work from home
Furthermore, many of these organizations have taken various initiatives to extend their support to employees who have been struck by this pandemic
India has been going through a difficult time. COVID-19 has proven to be a bigger problem than what anyone could have anticipated. The pandemic has been spreading at an alarming rate and has impacted everything – from people’s daily lives, to operations in various industries.
Employees of most IT companies have been directed to work from home.
Furthermore, many of these organizations have taken various initiatives
to extend their support to employees who have been struck by this
pandemic.
Here are some of these initiatives led by business leaders as they get together to combat this disease collectively:
Vijay Shekar Sharma, Founder of Paytm
Vijay Shekar Sharma has pledged Rs 50 million for any medical
innovation related to COVID-19. His company has also launched an ‘India
Fights Corona’ campaign in partnership with consumer goods company
Hindustan Unilever’s Lifebuoy and Yuvraj Singh’s YouWeCan Foundation.
Paytm also plans to distribute one million soaps to those affected.
Paytm users can contribute to the ‘Donation’ section in the app, or on the website.
Innovators, research teams and doctors can also reach the company for support at [email protected].
Sridhar Vembu, Founder of Zoho
Sridhar Vembu recently announced a Small Business Emergency Subscription Assistance Program.
The plan is to waive three months’ fee for software that small
businesses have already been using. This move will benefit 20,000 of its
existing customers who have 25 or fewer employees.
These small businesses
will get a Zoho Wallet credit, which will be equivalent to three months
of their bill, and the business owners can choose to use the wallet
credits as they deem fit.
In addition to these efforts, Zoho is providing free access to its Zoho Remotely
suite of web and mobile apps to offer remote working options for all
businesses until July 1, 2020. This includes a set of 11 apps which
provide services like document management and video conferencing, among
others.
“You will see the impact on guidance and revenue growth (by Indian IT
companies) for next year. Next year, growth is going to be very
challenging for the Indian IT services industry.â€
Ex-CFO, Infosys Ltd V Balakrishnan in an interview.
Byju Raveendran, Founder of Byju’s
The popular edtech firm’s flagship app – Byju’s – will have free
access for users, and the offer stands until the end of April. It will
offer math and science lessons suitable for children from grades 2-4,
along with Disney Byju’s Early Learn app that offers math and English
lessons for students from grades 1-3. This app could help thousands of
students who have been stuck at home without the guidance of teachers.
Manoj Bubna, Gautam Gurtoo & Biren Shah (Nitrogen founders)
Nitrogen is a Mumbai-based SaaS company that announced free use of
its digital platform for three months for hospitals, grocery outlets and
pharmacies. The founders believe that the three industries –
healthcare, consumer products and pharma – could face a lot of traffic
during the 21-day lockdown. It can help websites handle peak traffic and
strengthen their security.
“The IT sector may see
some indirect impact in the medium to long term as some of the clients
have exposure to manufacturing in China.â€
Pravin Rao, NASSCOM vice-chairman, as well as COO of Infosys in an interview.
Mukesh Ambani, MD of Reliance Industries
Although not necessarily considered a tech leader, Ambani has
announced a multi-pronged plan that involves prevention, mitigation and
ongoing support related activities to stem the spread of COVID-19. His
foundation has set up India’s first dedicated COVID-19 centre with 100
beds and a fully equipped isolation facility in Lodhivali, Maharashtra.
As far as tech is concerned, the company’s telecom arm has increased its
data limits for its existing broadband users and waived charges for new
ones.
With Jio Haptik Technologies, the company’s digital unit has also
built a chatbot for free. This chatbot is built for Government
functionaries and is called MyGov Corona Helpdesk. The bot is created to
answer questions around the pandemic and provide accurate information
to curb false news.
Outlook
As India battles COVID-19, there has been an extended lockdown for
the entire country. This pandemic has disrupted all industries.
Moreover, many analysts say that these companies might not be able to
recover from the impact for many months to come.
The pandemic has put the IT sector’s ability to deliver services
on-site to test, and that is why the majority of them have been moving
towards working remotely. Many believe that this will cause a recession
that could be worse than 2008 one if the pandemic is not brought under
control fast.
Posted by AGORACOM-JC
at 5:53 PM on Thursday, March 26th, 2020
SPONSOR: Datametrex AI Limited (TSX-V: DM) A revenue generating small cap A.I. company that NATO and Canadian Defence are using to fight fake news & social media threats. The company announced three $1M contacts in Q3-2019. Click here for more info.
AI and deepfake: COVID-19 poses new challenges for detecting deceptive tech
With the rise of artificial intelligence and deepfake technology, incidents of widespread fraud around the world are showing us how easy it is to manipulate people in times of crisis
Shows the dangerous potential technology has to expand the boundaries of art until, at least, a control mechanism can be established
by Şule Güner
An elderly man wearing a face mask who collapsed and died lays on a
street near a hospital as another man rides a bicycle past him in
Wuhan, China, Jan. 30, 2020. (AFP Photo)
With the rise of artificial intelligence and deepfake technology,
incidents of widespread fraud around the world are showing us how easy
it is to manipulate people in times of crisis and shows in full the
dangerous potential technology has to expand the boundaries of art
until, at least, a control mechanism can be established
“Have
we come to a point whereby our recent technological developments have
greater enabled the spread of false information?” This question has been
a hot ethical topic over the last decade but unfortunately, examples
are plenty enough to guarantee most would answer a resounding “yes.” At
the moment, it seems we live in an age where the risk of digital manipulation is, in fact, a daily one.
News
covering the coronavirus, which has since December spread from China to
cover almost the entire world, is perhaps the most pertinent example.
Over the period between December and January, when China was caught in
the midst of an intense struggle against the outbreak, several pieces of
footage circulated around the country’s social media platforms,
seemingly showing people having collapsed in the middle of the street.
The videos left the Chinese public quite perplexed as to their authenticity, yet no sooner had the videos been shared than they had gone viral all over the world.
Meanwhile,
a few weeks ago, the world’s top political and economic elites were
similarly deceived by a rather old-fashioned trick.
Anthony Lasarevitsch (L) and Gilbert Chikli deceived their victims by
impersonating French Foreign Minister Jean-Yves Le Drian. (AFP Photo)
Deception via masks
Four
years ago, French and Israeli citizens Gilbert Chikli and Anthony
Lasarevitsch called a list of highly influential people, which included
King Philippe of Belgium, Gabon President Ali Bongo, the CEO of Lafarge,
various members of the clergy and charity bosses and tricked them by
posing as French Minister of Foreign Affairs Jean-Yves Le Drian. The
pair even managing to squeeze money out of a number of those on their
hit list at meetings arranged via Skype.
The
fraudsters sported a silicone mask of Le Drian and hung a picture of
the former French President François Hollande up on the wall behind
them, demanding money for an extraordinary and urgent situation. The duo
managed to pull the trick off a number of times, making a total of 55
million euros ($59.53 million) between 2016 and 2017. After fleeing to
Ukraine in 2017 before being sent back to France, they received prison
terms and fines at a hearing in France in early March. However, this
situation has proved that even something as cliche as a fake mask can be
enough to pull the wool over some.
President Nixon poses at his White House desk in this March 23, 1970 file photo. (AP Photo)
This being the case, just think what could be achieved with what is known as “deepfake technology,” which enables
fraudsters to deceive hundreds or even tens of thousands of people at
one time. Unfortunately, people will continue to suffer as a result of
these highly potent deception tactics, at least until we manage to
create new tech that can distinguish between what is real and what is
fake, or related measures are taken.
While
creators of deepfake videos make more and more incredibly realistic
videos every day, the latest example of this was the manipulation of
former U.S. President Richard Nixon’s historic moon landing speech. With
AI-manipulated deepfake tech, the president, who served between
1969-1974, was made to say the moon landing mission had failed. The
authenticity, life-likeness of the video, which was created by the MIT
Center for Advanced Virtuality, who joined up with machine learning
experts from Ukraine and Israel, deeply shocked everyone who witnessed
it while also raising concerns that this technology, if it were to fall
into the wrong hands, could manipulate millions.
News on the Turkish front
COVID-19 diagnostic kit gives results in 90 minutes
The pathogen kit needs only 90 minutes to see if the patient has contracted the coronavirus. (AA Photo)
In partnership with the Public Health General Directorate’s (HSGM)
Virology Laboratory, Bioeksen, a Turkish company within the Istanbul
Technical University (İTÜ) ARI Teknokent, has announced that it has
developed a pathogen kit that can detect the coronavirus in just 90
minutes. The kit has already entered mass production and is expected to
strengthen the hand of health personnel in the fight against the
coronavirus pandemic that continues to sweep the world.
Canan
Zöhre Ketre Kolukırık, the founder of Bioeksen, said when the
coronavirus outbreak first broke out, HSGM labs and Bioeksen took swift
action, coordinating efforts under the guidance of the World Health
Organization (WHO) and developing a kit to allow for the quick detection
of the coronavirus in just under two weeks. Bioeksen subsequently
launched production of the kit, she added.
Stating
that the group had contributed substantial amounts to the field of
innovative biotechnology, Kolukırık said: “Our innovative solutions,
which reduce the dayslong analysis of pathogen diagnosis to mere hours,
have enabled us to progress rapidly in our sector. Bioeksen has not only
remained the manufacturer of consumable products but has also become a
groundbreaker for Turkey as the developer and launcher of the first 100%
domestic robotic molecular analyzer.”
Tags: AI, bot, CSE, datametrex, fake news Posted in Datametrex AI Limited | Comments Off on #AI and #deepfake: #COVID19 poses new challenges for detecting deceptive tech – SPONSOR: Datametrex AI Limited $DM.ca
Posted by AGORACOM-JC
at 9:31 AM on Thursday, March 26th, 2020
SPONSOR: NORTHBUD (NBUD:CSE)
Sustainable low cost, high quality cannabinoid production and
procurement focusing on both bio-pharmaceutical development and
Cannabinoid Infused Products. The company recently received Canadian
Cultivation Licence for its Quebec Facility. Learn More.
Posted by AGORACOM-JC
at 8:52 AM on Thursday, March 26th, 2020
Company has completed a Spectral Analysis Survey conducted by Aster Funds Ltd. over the Kenbridge Nickel-Copper-Cobalt Deposit, Atikwa Lake Area, Ontario.
Survey covered the patented and single-cell mining claims that make up the historic land position which contains the Kenbridge Deposit and the surrounding area, identifying several new exploration targets not only for nickel, copper, cobalt, but also for potential gold occurrences.
Toronto, Ontario–(March 26, 2020) – Tartisan Nickel Corp. (CSE: TN) (OTC Pink: TTSRF) (FSE: 8TA) (“Tartisan”, or the “Company”) is pleased to announce that the Company has completed a Spectral Analysis Survey conducted by Aster Funds Ltd. over the Kenbridge Nickel-Copper-Cobalt Deposit, Atikwa Lake Area, Ontario. The survey covered the patented and single-cell mining claims that make up the historic land position which contains the Kenbridge Deposit and the surrounding area, identifying several new exploration targets not only for nickel, copper, cobalt, but also for potential gold occurrences.
The Spectral Analysis Survey shows the distribution and intensity of
up to 304 minerals, with the first pass showing up to16 minerals. Each
mineral can be classified into an exploration relevance for base metals,
precious metals and industrial metals.
The Spectral Analysis Survey picked up several minerals implicit in
the formation of nickel sulphide deposits, and potentially other types
of deposits on the Kenbridge Property. These minerals included
chlorite*, muscovite, quartz, epidote*, goethite*, smectite,
pyrophyllite, pyroxenite*, pyrrhotite*, hematite*, alunite,
chalcopyrite*, sphalerite*, pyrite*, talc*, and kaolinite*. Starred
minerals in the list are those which are seen in outcrop, surface
geology, and drill logs at the Kenbridge Nickel-Copper-Cobalt Deposit.
The key benefit to the Company from the Spectral Analysis Survey is
the Target Vector Minerals analysis “TVM” TM. TVM’s were structured for
metallic sulphides and the oxides that derive from them; gold; copper;
and nickel, as well as direct indicators of Kenbridge-style
mineralization in pyrrhotite and chalcopyrite. The Kenbridge Deposit was
easily picked out by the survey, and shown to be some five TVM’s of a
possible six TVM’s. The survey also picked out several other areas of
five/six TVM’s and one area of six/six TVM’s. These areas will form the
basis for a renewed surface exploration program at the Kenbridge Project
in summer 2020.
Tartisan CEO Mark Appleby said, “the survey picked out the Kenbridge
Deposit, and has shown the possible extension to the Kenbridge Deposit
and three additional trends that relate directly to underlying geology
and structure implicit in the Kenbridge Deposit. Of significant
interest, the survey found two gold trends as well, which include the
Violet and Nina historic gold occurrences. One of the occurrences is
almost 54 hectares in size and covers almost all of three of our staked
claims on the border of the Kenbridge property.”
Tartisan will use the Aster Funds Ltd. Report as the basis for
assessment filing over the single-cell mining claims and will form the
basis of expanding the exploration potential of the Kenbridge
Nickel-Copper-Cobalt Project.
About Tartisan Nickel Corp.
Tartisan Nickel Corp. is a Canadian based mineral exploration and
development company which owns a 100% stake in the Kenbridge
Nickel-Copper Project in Ontario; a 100% interest in the Sill Lake
Lead-Silver property located in Vankoughnet Township, Ontario; a 100%
interest in the Don Pancho Zinc-Lead-Silver Project in Peru just 9 km
from Trevali’s Santander mine. Tartisan also owns a 100% stake in the
Ichuna Copper-Silver Project, also in Peru, contiguous to Buenaventura’s
San Gabriel property. Company financial strength is provided by a
significant equity stake in Eloro Resources Ltd, which is exploring the
low-sulphidation epithermal La Victoria Gold/Silver Project in Ancash,
Peru and the Iska-Iska project in Bolivia.
Tartisan Nickel Corp. common shares are listed on the Canadian
Securities Exchange (CSE:TN) (OTC Pink: TTSRF) (FSE: 8TA). Currently,
there are 100,563,550 shares outstanding (103,263,550 fully diluted).
For further information, please contact Mr. D. Mark Appleby,
President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisannickel.com or on SEDAR at www.sedar.com.
Jim Steel MBA P.Geo. is the Qualified Person under NI 43-101 and has
read and approved the technical content of this News Release.
This news release may contain forward-looking statements
including but not limited to comments regarding the timing and content
of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.)
has neither approved nor disapproved of the contents of this press
release.
Posted by AGORACOM-JC
at 8:46 AM on Thursday, March 26th, 2020
The River Valley Project is one of North
America’s largest undeveloped primary Platinum Group Metal (PGM)
projects. The Project has excellent infrastructure and is within 100
kilometres of the Sudbury Metallurgical Complex. The Project is 100%
owned by New Age Metals
The
Company has contracted Jacobs & Samuel Drilling Ltd of Val Caron,
Ontario to conduct a phase one 1,600 metre drill program at the River
Valley Project and drilling has begun
The Company completed a $2M financing on
February 3, 2020. The primary use of proceeds will be to follow-up on
recommendations from the 2019 Preliminary Economic Assessment (PEA)
Eric Sprott became a strategic shareholder
and has an 18.56% ownership of the Company’s current issued and
outstanding shares on a post-conversion beneficial ownership basis
In January, the Company announced that it
engaged IBK Capital Corp to assist the Company in evaluating strategic
alternatives to maximize shareholder value
The
Company is actively seeking an option/joint venture partner for its
Genesis PGM Project in Alaska and for our Lithium division in Manitoba
March 26th, 2020Â – Rockport, Canada – New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) Harry Barr, Chairman & CEO, stated; “New Age Metals is pleased to announce that the company is about to commence the next phase of drilling at the River Valley PGM deposit near Sudbury, Ontario. The company plans to drill about 1,600m of core in five holes to test high-priority targets within and adjacent to the Pine Zone and Dana North Zone of the River Valley deposit. This drill program is the first phase of our 2020 exploration and development program, and will run through April. The Company continues to monitor the COVID-19 pandemic and is evaluating the potential risks to our staff and contractors. In light of the fluid nature of events the Company would like to note that there is no certainty that the current exploration activities will be completed without interruption.”
The purpose of the drill program is to test three Pine Zone target types:
1) induced polarization (IP) chargeability highs from the 2017
geophysical survey for extensions of the Pine Zone or new discoveries in
the footwall to Dana North; 2) potential extensions of higher-grade
trends external to the current mineral resources in the Pine Zone; and
3) whether and how the Pine Zone may be connected to the Dana North Zone
at depth. The connection of the two zones is currently modelled, based
on the available drilling, as a major SSE-plunging fold. The
drilling will test for evidence of such folding, including the
potential presence of thickened and higher-grade PGM sulphide
mineralization within the fold nose. See Figure 1 below for the planned drill hole locations in the upcoming phase one program.
Click Image To View Full Size
Figure 1:
Location of planned drill holes (labelled) and previous drill holes
plotted on an inverted IP chargeability plan (coloured) and a 3-D
wireframe model of the Dana North and Pine Zones, River Valley PGM
Project near Sudbury, Ontario
Since the two discovery holes in 2015, 19
more holes have been drilled into the Pine Zone. All the holes except
one intersected the zone. Examples of some of the better intersections
are: 4.03 g/t Pd+Pt+Au over 9m from 145m in hole 2015-DN002 and 3.22 g/t
Pd+Pt+Au over 4m from 202 m in hole 2016-DN-T2-10. More details can be
found in the various press releases on the New Age Metals website. The Pine Zone remains open along strike and at depth with an interpreted SSE dip/plunge direction.
AGORACOM
Further to news release of March 17, 2020,
the Company has issued 271,200 common shares at a deemed price of $0.05
per share to Agora Internet Relations Corp. (“Agoracom”). The
securities issued represent the first payment for services under the
terms of the agreement and are subject to a four month plus one day hold
period expiring July 26, 2020.
About NAM
New Age
Metals is a junior mineral exploration and development company focused
on the discovery, exploration and development of green metal projects in
North America. The Company has two divisions; a Platinum Group
Metals division and a Lithium/Rare Element division. The PGM division
includes the 100% owned River Valley Project, one of North America’s
largest undeveloped Platinum Group Metals Projects, situated 100
kilometres from Sudbury, Ontario as well as the Genesis PGM Project in
Alaska. The Lithium division is the largest mineral claim holder in the
Winnipeg River Pegmatite Field where the Company is exploring for hard
rock lithium and various rare elements such as tantalum and rubidium.
Our philosophy is to be a project generator with the objective of
optioning our projects with major and junior mining companies through to
production. New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 136,876,766 shares issued to date.
Investors
are invited to visit the New Age Metals website at www.newagemetals.com
where they can review the company and its corporate activities. Any
questions or comments can be directed to [email protected] or Harry Barr at [email protected]or Cody Hunt at [email protected]or call 613 659 2773.
Opt-in List
If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.
Qualified Person
The contents contained herein that relate
to Exploration Results or Mineral Resources is based on information
compiled, reviewed or prepared by Bill Stone, P.Geo., a consulting
geoscientist for New Age Metals. Dr. Stone is the Qualified Person as
defined by National Instrument 43-101 and has reviewed and approved the
technical content of this news release.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward Looking
Statements: This release contains forward-looking statements that
involve risks and uncertainties. These statements may differ materially
from actual future events or results and are based on current
expectations or beliefs. For this purpose, statements of historical fact
may be deemed to be forward-looking statements. In addition,
forward-looking statements include statements in which the Company uses
words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”,
“confident”, “intend”, “strategy”, “plan”, “will”, “estimate”,
“project”, “goal”, “target”, “prospects”, “optimistic” or similar
expressions. These statements by their nature involve risks and
uncertainties, and actual results may differ materially depending on a
variety of important factors, including, among others, the Company’s
ability and continuation of efforts to timely and completely make
available adequate current public information, additional or different
regulatory and legal requirements and restrictions that may be imposed,
and other factors as may be discussed in the documents filed by the
Company on SEDAR (www.sedar.com), including the most recent reports that
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements. The
Company does not undertake any obligation to review or confirm analysts’
expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
Investors should not place undue reliance on forward-looking statements.
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Posted by AGORACOM-JC
at 8:35 AM on Thursday, March 26th, 2020
Highlights:
Cash balance of CAD $10 million and runway for well over a year;
On track to sign definitive manufacturing agreement with US infant nutrition partner during Q2-2020;
US product launch planned for Q2-2020; and
New online store and pre-order ability within weeks
VANCOUVER, March 26, 2020 – Else Nutrition Holdings Inc.(the “Company” or “Else Nutrition” or “Else“) (TSXV: BABY) (OTCQB: BABYF), a developer of novel plant based infant and toddler nutrition, is pleased to provide a corporate update.Given the unforeseen circumstances caused by the coronavirus (COVID-19) pandemic across the globe, the Company feels it is imperative to communicate its business progress and corporate status to stakeholders and the communities we serve.
Given the impact of the pandemic to many aspects of everyday life and
to the Company’s business, including travel, transportation and
manufacturing, Else is making a conscious effort to be increasingly
capital efficient and conservative, while striving to execute its goals
successfully. The Company is making all efforts to launch its
plant-based toddler nutrition in the US in Q2-2020 as planned.
Runway and Balance Sheet In February the Company closed a CAD $8 million equity financing, which included a strategic investment of CAD $5.75 million
by NewH2 a subsidiary of Health & Happiness (H&H) International
Holdings Ltd. H&H is a Hong Kong Stock Exchange (code 1112-HK)
company with revenues of over US$1.46 billion (2018).
The Company’s current cash and cash equivalents are about CAD $10 million, with no long-term debt.
The Company has sufficient liquidity and capital to fund its
operations for well over a year while fully executing on all aspects of
the business.
Product Launch & Marketing As previously
announced, the Company plans to launch its plant-based toddler nutrition
product in the US in Q2-2020, and continues working hard on several
fronts to achieve this target.
The Company had planned to soft launch the products at Natural Food
Expo West, during the first week of March, however, given the pandemic,
the event was cancelled. However, in preparation for the event and
planned launch, Else completed a comprehensive branding process which
includes product packaging, social media channels and a new website that
features an online store. The online store will open for pre-orders in
the coming weeks. The new website can be visited at: www.elsenutrition.com.
Over the next few weeks, the Company will begin sending product
samples to consumers, influencers and retail partners in conjunction
with a social and digital marketing campaign for the launch.
Additionally, the Company is actively engaged with potential retail
brokers and distributors that have a track record of getting novel
products onto retail shelves. The initial geographical focus of these
efforts is Los Angeles and New York City.
While Q2-2020 remains the targeted launch date the Company will
closely monitor the global pandemic and resulting market conditions to
ensure a successful product launch.
Operations As a part of H&H’s strategic
investment in Else the Company has also entered into a distribution MOU
whereby the two parties will negotiate definitive distribution
agreements for several territories including: France, Australia and China (Hong Kong; Cross-Border and Mainland China). The Company expects to have the first definitive agreement in place in Q3-2020.
Furthermore, in February 2020 the Company announced an MOU with a US-based manufacturing partner (see February 4, 2020
press release) and continues to work towards a definitive manufacturing
agreement that includes a capex investment with the partner. The
Company expects to have the definitive manufacturing agreement by April 2020.
“We are very appreciative of our team, shareholders, suppliers,
partners, customers and communities for their ardent support and
understanding during these unpredictable times and wish everyone the
best as we navigate the next few months together. We remain unwavering
in our mission to bring sustainable, clean, plant-based baby and toddler
nutrition alternatives to families worldwide – fulfilling the
outpouring of requests we’ve had from eager parents. We look forward to
updating everyone with positive news and encourage anyone with a
question or concern to reach out to us directly,” said Ms. Hamutal Yitzhak, CEO and Co-Founder of Else Nutrition.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The securities described herein have not been registered under
the U.S. Securities Act or any state securities laws, and may not be
offered or sold in the United States absent registration or
an applicable exemption from registration requirements under the U.S.
Securities Act and any applicable state securities laws.
Certain information contained herein constitutes “forward-looking
information” under Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with respect to
the Private Placement and the NewH2 Private Placement
and the completion thereof and the use of proceeds. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as “will” or variations of such words
and phrases or statements that certain actions, events or results “will”
occur. Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made and they
are subject to known and unknown risks, uncertainties and other factors
that may cause the actual results to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information, including: delays in implementing the
business plans including timing of product launch resulting from the
Covid-19 pandemic, the receipt of all necessary regulatory approvals,
use of proceeds from the financing, capital expenditures and other
costs, and financing and additional capital requirements. Although
management of the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements or forward-looking information,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements and forward looking information. The Company will not update
any forward-looking statements or forward-looking information that is
incorporated by reference herein, except as required by applicable
securities laws.
Ms. Hamutal Yitzhak, CEO of Else Nutrition, Email: [email protected]; Mr. Sokhie Puar, Director of Else Nutrition, Telephone: 604-603-7787, Email: [email protected] CNW Group 2020
