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.
Tags: CSE, palladium, PGM, PGM Demand, Platinum Posted in Featured, New Age Metals | Comments Off on New Age Metals $NAM.ca Commences Drilling at River Valley #PGM #Platinum #Palladium Project Near Sudbury $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN
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
David Lucatch of KABN Networks North America joins Tristram Waye for
this episode of Fintech Friday. David discusses why identity is a
foundational element of the evolving online and data environment, and
why KABN Networks North America has developed a business around it.
During this episode he will also discuss:
How KABN ID works and why it’s a foundational technology
The suite of products KABN Networks North America has developed around identity and why
Their vision of the future including the release of Liquid Avatar
BIO: David Lucatch has spent more almost 35 years in
the international marketing arena and over 25 years of that developing
technologies and taking them to market. David has held senior
management posts and directorships at both private and public technology
and media firms. David is an active supporter of numerous non-profit
organizations and has been recognized and awarded internationally for
his service and community support activities. In 1997, David developed
the concept and led the initial eCommerce payment gateway team for the
Canadian banking industry with support from VISA and MasterCard,
Scotiabank and Citibank Canada.
In 2005, David created one of Canada’s first incubators, financing,
creating and supporting projects globally in online AI / ML / NLP
language technology, VoIP telephony, online mapping, music and
entertainment, live performance, mobile marketing and eCommerce.
After leaving his posts at 2 public companies, in early 2017, David
founded Pegasus Fintech. Pegasus is positioned to support founders,
innovative technology developers and emerging companies in their efforts
to preserve long-term ownership and promote growth opportunities
through compliant business solutions.
In late 2017, David became a co-founder KABN to focus on the
compliance and liquidity issues surrounding digital currencies. By
mid-2018, the Pegasus team also developed KABN’s identity platform KABN
ID allowing users and commercial clients to verify, manage and monetize
identity on a continuous, Always On global scale reducing the need to do
identity verification for multiple transactions with a user. In May
2019, David and 2 partners filed a US Patent for the invention of a
process to use the Blockchain for Identity Attestations.
David’s focus today is set squarely on KABN and its mission to put
ownership, control and profitability of identity back into the hands of
individuals. KABN’s products and programs covers over 180 countries
worldwide and is expanding its regional leadership teams in 2019 and
2020.
David is a graduate from the University of Toronto and continues to
serve as mentor to a variety of student programs and leadership
initiatives globally. In 2010 David was a recipient of an Arbor Award
from the University of Toronto, recognizing his continued activities and
contributions to his alma mater and served a term as a member of the
University’s Electoral College. David served as an inaugural member of
the Ontario Securities Commission SME Committee and is a member of the
NCFA Advisory Board.
Some additional “fun factsâ€:
In addition to his technology accomplishments, David is also active in the media industry:
David and his team were instrumental in achieving a Guinness World Record in 2011 for the Most Nationalities in an Online Chat together with Gene Simmons and Paul Stanley of KISS;
In 2013, David and his team worked with Disney Animation to create a
global, multi-language “flash eventâ€â€™ for the worldwide online video
premiere for the Academy Award and Grammy Award song Let It Go from the movie Frozen;
In 2017, David and his partners at created and produced Stars and Pinstripes, a New York Yankees television series featured on the YES Network and Direct TV and were nominated in 2017 for a NY Emmy Award in the Entertainment Program / Special category.
Posted by AGORACOM-JC
at 8:22 AM on Thursday, March 26th, 2020
Secured contracts for approximately $1,100,000 CAD for its services
The contracts are from Governments Hyosung Company and various divisions of Lotte including an initial contract with Canon Korea Business Solutions
TORONTO, March 26, 2020 — Datametrex AI Limited (the “Company†or “Datametrexâ€) (TSXV: DM) (FSE: D4G) (OTC: DTMXF) is pleased to announce that it has secured contracts for approximately $1,100,000 CAD for its services. The contracts are from Governments Hyosung Company and various divisions of Lotte including an initial contract with Canon Korea Business Solutions. Canon Korea Business Solutions was created in 1985 when Canon and Lotte created a joint venture company to service the Korean markets.
“I am thrilled to provide this update to our shareholders. Our sales
team is doing a fantastic job opening new doors and extending contracts
with existing clients. Our original goal of a “land and expand†strategy
with is paying off nicely and we look forward to continuing the growth
trajectory,†says Marshall Gunter CEO of Datametrex AI.
About Datametrex AI Limited
Datametrex AI Limited is a technology focused company with exposure
to Artificial Intelligence and Machine Learning through its wholly owned
subsidiary, Nexalogy (www.nexalogy.com).
Additional information on Datametrex is available at: www.datametrex.com
For further information, please contact:
Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
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.
Forward-Looking Statements
This news release contains “forward-looking information” within
the meaning of applicable securities laws. All statements contained
herein that are not clearly historical in nature may constitute
forward-looking information. In some cases, forward-looking information
can be identified by words or phrases such as “may”, “will”, “expect”,
“likely”, “should”, “would”, “plan”, “anticipate”, “intend”,
“potential”, “proposed”, “estimate”, “believe” or the negative of these
terms, or other similar words, expressions and grammatical variations
thereof, or statements that certain events or conditions “may” or “will”
happen, or by discussions of strategy.
Readers are cautioned to consider these and other factors,
uncertainties and potential events carefully and not to put undue
reliance on forward-looking information. The forward-looking information
contained herein is made as of the date of this press release and is
based on the beliefs, estimates, expectations and opinions of management
on the date such forward-looking information is made. The Company
undertakes no obligation to update or revise any forward-looking
information, whether as a result of new information, estimates or
opinions, future events or results or otherwise or to explain any
material difference between subsequent actual events and such
forward-looking information, except as required by applicable law.
Posted by AGORACOM-JC
at 4:52 PM on Wednesday, March 25th, 2020
In October of 2019, PyroGenesis announced a $20M contract, in which its technology would be used by one of the biggest high-tech aluminum smelters in the world. Yesterday, the Company received it’s first $1.44M payment of a total of $8M to be received over the next several weeks.
If that wasn’t enough, after already having sold two plasma torch based systems to the US Navy for installation on two aircraft carries, PyroGenesis the Company has already been advised by the US Navy that $13.5M in orders are coming for two more aircraft carriers. Â
To this end, investors will be happy to hear that PyroGenesis has been deemed an essential service, is fully operating with almost all employees working remotely and does not foresee any demand side or supply chain issues hampering the Company’s operations. Â
Finally and perhaps most importantly, CEO Peter Pascali discusses the civil duty reasons behind his $100,000 donation to Quebec healthcare in its fight against COVID-19, as well as, the corporate duty reasons for not laying off a single employees despite a virtual shutdown of the global economy. Â
On all fronts, this is the most powerful interview we have ever produced with a Canadian small cap company. Â
If you are just discovering PyroGenesis (PYR:TSXV) then grab your favourite drink and watch this powerful video …. or listen in via podcast when you want to tune out the world and learn about an incredible company. Â
Please be sure to share this interview with your networks. Thank-you.
Posted by AGORACOM-JC
at 11:44 AM on Wednesday, March 25th, 2020
SPONSOR: New Age Metals Inc.
The company owns one of North America’s largest primary platinum
group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral
Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an
additional 1,059,000 PdEq Ounces Inferred. Learn More.
Palladium, Platinum Soar on S. Africa Lockdown
Palladium eyes biggest daily gain since 2001
Platinum on track for biggest daily gain since 2008
By Sumita Layek
March 24 (Reuters) – Palladium soared as much as 15% on Tuesday, on
track for its biggest daily gain since 2001 as major producer South
Africa was locked down due to the coronavirus outbreak, while U.S. gold
futures surged over 4% as fresh stimulus stopped a cash hunt among
investors.
Palladium jumped 11% to $1,907.31 per ounce by 11:03 p.m. EDT (1503 GMT), while platinum gained 6.6% to $684.80.
“The market focus is starting to turn to some of these supply
disruptions that the virus brings. South Africa is clearly the main
one,” said Saxo Bank analyst Ole Hansen.
“So, the focus has shifted somewhat from the risk to having a major
drop in demand to the equally challenging condition where we’ve supplies
struggling to find its way through to the buyer of the metal.”
Platinum prices were set for their biggest daily gain since 2008.
“The country accounts for some 70% of global platinum mined supply
and 35% of palladium, with a 21-day lockdown possibly resulting in a 4%
and 2% of 2020 supply reduction respectively,” said Dmitry Glushakov,
Head of Metals & Mining Research at VTB Capital.
Spot gold was up 3% at $1,599.31 per ounce, while U.S. gold futures climbed 4.2% to $1,633.90.
The price difference between spot gold and U.S. gold futures widened
to as much as $65 during the session as a rush of buying met with poor
liquidity in the London market.
“The massive Fed stimulus and QE program continues to support gold as
it erodes the currency (U.S. dollar). Hard assets are going to be in
vogue in that environment,” said David Meger, director of metals trading
at High Ridge Futures.
“The pressure is lifted, we’re no longer seeing the indiscriminate
selling, to the contrary, we’re seeing the cream rise to the top.”
Wall Street jumped at the open on signs that Washington was nearing a
deal on a $2 trillion economic rescue package. [MKTS/GLOB]
The Fed announced unlimited quantitative easing and programmes to
support credit markets on Monday. The move triggered a dip in the
dollar.
Also helping bullion, three of the world’s largest gold refineries
said they had suspended production in Switzerland for at least a week to
curtail the spread of the contagion.
Meanwhile, U.S. business activity contracted further in March,
hitting a record low as the coronavirus pandemic depressed activity in
both the manufacturing and services sectors.
Tags: CSE, palladium, PGM, PGM Demand, Platinum, stocks Posted in New Age Metals | Comments Off on #Palladium, #Platinum Soar on S. Africa Lockdown SPONSOR: New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN
“The primary reason I wanted to make this donation was to demonstrate
to the health care workers of Quebec, the doctors, the nurses and
support staff, that the public has their back in our battle against
COVID-19,†said Mr. Pascali. “That we will do all in our power to ensure
that they have the tools to do the job we know they so desperately want
to do properly.â€
At the same time Mr. Pascali called upon Quebec Industry leaders,
sports figures, and other luminaries to support him in this challenge:
“This is a group effort,†he said, “The Government is doing an amazing
job. The health care workers are the unsung heroes in this crisis. Now
it is time to do our part. The tragedy unfolding today has not been seen
on this scale since World War II. This is not the time for us to stand
idly by. Quebec needs you. Your friends and family need you. Above
all, those on the front line, who may be caring for you or a loved one
very soon, need you.â€
Mr. Pascali was quick to note that “As we are starting to hunker down
to weather the storm, and the bars, sports events and restaurants
close, we have each surely saved $10. If each of us donates $10 to the
cause, we will collect well over $50 million.â€
When asked why he chose these institutions for his donations, Mr.
Pascali answered simply, “They represent both French and English sector
hospitals, and quite frankly this virus is oblivious to language,
religion, color, sex or creed. As such I thought it fitting to fund
these institutions. They all have their jobs to do.â€
In conclusion, Mr. Pascali had a special message to some of the
younger, more driven, members of Quebec: “To all those teenagers and
young adults sitting at home who may, or may not, be able to contribute
financially to the extent they would like, there is a lot you can do.
You can make this into a movement by sharing and blogging what we are
trying to do. You may not realize it now, but you are players in a
crisis of historical proportion. You can change its course by working
your magic. You have the power to turn this into a tsunami of support
and save lives with the same effect as if you were a health care
provider on the front lines. These health care providers will not let
you down. Let us not let them down.â€
Posted by AGORACOM-JC
at 5:44 PM on Tuesday, March 24th, 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.
Coronavirus: Students Flock To Online Learning Amid Lockdowns
By: Debroop Roy
With edtech start-ups such as Byju’s and Toppr coming up with free learning courses and modules to help students during the pandemic, engagement numbers of these online platforms have seen a massive surge
As the coronavirus disease (COVID-19) outbreak has resulted in
lockdowns across states in India, students and institutions too have
seen a disruption in their learning. While schools, colleges and other
educational places were among the first to be asked to shut down,
several boards have since taken the decision to postpone examinations.
At such a time, several start-ups that use technology to bring
quality education to students across the country, and around the world,
have come up with free courses to help learners and teachers through the
crisis.
Massive Surge In Numbers
Edtech Unicorn Byju’s was among the first few to take the initiative
and provide free access to all of the company’s learning programmes till
the end of April. “Since our announcement last week, we have witnessed a
60 per cent increase in the number of new students using the app to
learn from home daily,†said Divya Gokulnath, co-founder of the
Bengaluru-based company.
Gokulnath said the number of queries from students and parents for
home learning programmes had more than doubled in the last week with
learners across metropolitan and non-metropolitan cities increasingly
using the app. She added that while students with year-end exams were
using video lessons to revise crucial concepts, younger grade students
are learning new concepts to prepare for the next year’s curriculum.
“We have seen a 124 per cent increase in student engagement on our
platform amid the coronavirus outbreak,†said Anant Goyal, founder at
Bright Tutee, a platform that offers video lectures for 18 state boards.
Mumbai-based Toppr, a learning platform spanning across the K12 and
competitive exam verticals, has made all live classes free till schools
resume. Separately, on demand learning videos are available as a free
learning resource on the app.
The company has seen massive growth in engagement over the last few
weeks, according to co-founder Zishaan Hayath. There has been a 100 per
cent growth in free user engagement over the last month while the time
spent across modules has risen more than 50 per cent, with the highest
growth seen for Ask Doubts.
Specifically for live classes, subscribers have grown by 50 per cent
as well. In terms of age groups, he said that growth in time spent by
students of senior classes (10-12) had been double that of those in
junior classes (6-9).
Another edtech start-up Gradeup too has found numbers increasing
since launching free live classes for students between grade 8 and 12.
The free classes launched have a “focus on topics that are covered
during the first 2 months of school…parents want their children to
utilise this time, and an offer like this fits very well. Since this is
the period when the new session begins, it makes sense to cover the
topics taught in the first two months of school,†said Gradeup
co-founder Shobhit Bhatnagar.
Bhatnagar added that while there has been a spike across segments,
ranging between 25 and 40 per cent, it was especially true for aspirants
of competitive exams such as JEE and NEET.
Across Verticals
This surge in online learning is not, however, limited to these.
Testbook, a start-up that provides an online learning platform for
government job aspirants, on Friday announced that it was making all
courses free to use for the next few days. According to co-founder
Ashutosh Kumar, the company saw 250,000 transactions in the first 48
hours, which compares to 300-400 transactions on any normal day. 41.7
per cent of the users registering for courses were first timers.
Similarly, professional courses platform Great Learning has seen
increased traction since launching its free of cost learning resource.
“We are receiving tens of 1000s of visitors daily on free learning
resources; content consumption for our learning programs is seeing a 3x
increase week on week,†said Great Learning co-founder Hari Krishnan
Nair. Most of the surge was coming from metro cities such as Bengaluru,
Mumbai, Chennai, Hyderabad and Delhi.