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#RenewableEnergy to drive #copper demand, BMO says $LBSR

Posted by AGORACOM-JC at 12:30 PM on Friday, July 27th, 2018
  • Renewable energy will be the largest single driver of demand growth for copper over the coming years, according to a recent study by BMO Capital Markets.
  • Currently, global copper demand is about 30 million tonnes per year. BMO forecasts copper demand growth rates through 2030 will be above a compound annual growth rate (CAGR) of 3%, “marking an acceleration on the growth rates seen over the past twenty years.”

“The need to connect significant numbers of small-scale electricity generation units into the grid provides a major boost to copper, with solar generation capacity set to triple and wind capacity set to double by 2025.”

Currently, global copper demand is about 30 million tonnes per year. BMO forecasts copper demand growth rates through 2030 will be above a compound annual growth rate (CAGR) of 3%, “marking an acceleration on the growth rates seen over the past twenty years.”

As a result, BMO has added 1 million tonnes a year of global copper consumption through 2025, compared with its earlier estimates.

“We see the need for ~ 5 million tonnes per year of new projects from new primary mine supply to solve the expected supply gap and bring the market into equilibrium over the 2025-2030 period.”
BMO has raised its long-run copper price to US$3.25 per lb. (US$7,165 per tonne).

“Changing long-run commodity prices should be a rare event, and should only take place where there is a market shift in the future outlook,” the study reported. “In our view, that event is the step-change we expect in demand expectations driven by renewables and electric vehicles.”

Drilling deeper into the numbers, infrastructure and electrical networks currently make up about 35% of all copper demand, while construction makes up about 24%, goods and consumer products 24%, machinery 10%, and transportation about 7%.

Looking ahead, BMO forecasts renewable grid infrastructure will account for 74% of all copper demand growth to 2025.

The growth in copper demand is occurring at a time when “the current and highly probable copper pipeline is at the lowest level we have seen this century, both in terms of the number of projects and capacity,” the study stated.

Existing assets also suffer from lower grades and underperformance.

“Twenty years ago, the average grade of a working copper mine was 1.6%,” the study’s authors note. “Now, it is 1.0%.”

“The perennial struggles of existing copper assets, particularly the large operations, have posed the biggest hurdle to overall supply growth,” the study states. “To put this in context, the largest 10 copper mines in the world in 2007 produced ~ 4.8 million tonnes of copper (in 2005 this number was in excess of 5 million tonnes). Those same operations in 2017 produced ~ 4.3 million tonnes.”

“We have slight growth (pre-disruption) from existing assets through 2021, but after this point with many SXEW operations hitting end of life, the decline accelerates. By 2025, we see a drop of 1.53 million tonnes per year from existing operations.”

Source: http://www.northernminer.com/news/renewable-energy-to-drive-copper-demand-bmo-says/1003798085/

What’s #Overwatch? Why is it on #ESPN? An AP #Esports explainer $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca

Posted by AGORACOM-JC at 10:39 AM on Friday, July 27th, 2018

  • Overwatch League, an esports circuit with teams in three continents, will broadcast its inaugural championship live in prime time on ESPN this Friday, with the Philadelphia Fusion facing the London Spitfire
  • Will be the first time Disney’s marquee sports channel carries competitive gaming in that slot, and it’s likely to do more over the course of a two-year deal signed with Overwatch this month

NEW YORK — ESPN is set to make a major trade this weekend: LeBron for Lucio. Brady for Bastion. Serena for Soldier: 76.

North America’s biggest sports platform is ready to embrace competitive gaming, and it’s wagering that traditional sports fans are, too.

The Overwatch League, an esports circuit with teams in three continents, will broadcast its inaugural championship live in prime time on ESPN this Friday, with the Philadelphia Fusion facing the London Spitfire. It will be the first time Disney’s marquee sports channel carries competitive gaming in that slot, and it’s likely to do more over the course of a two-year deal signed with Overwatch this month.

It’s a major achievement for Overwatch, a first-person shooter from Blizzard Entertainment, and the latest indicator that esports are ready to edge into the American mainstream. The industry has converted a number of notable believers in recent years, including Overwatch franchise investors like New England Patriots owner Robert Kraft, New York Mets COO Jeff Wilpon and Los Angeles Rams owner Stan Kroenke.

Esports have been a popular pastime elsewhere for decades, most notably in South Korea. But are North American audiences really ready to invest their time and money into watching other people play video games? It’s a billion dollar question, literally — market analyst Newzoo projects the industry will do $1.7 billion in revenue by 2021.

For those who can’t tell a D.Va Bomb from a Whole Hog, here is some of what you should know before video games jump from the PC to prime time.

WHAT ARE ESPORTS?

Video gamers have been competing for digital supremacy dating to Pong and Pac-Man, but competitive gaming these days is eschewing high scores in favour of multiplayer battles. First-person shooters, strategy games and battle royales have become the industry preference, with esports athletes competing either as individuals or teams to eliminate opponents and achieve objectives — think capture the flag, but usually with a twist. Although many gamers enjoy playing on Xbox or Playstation, most competitive esports are played on PCs. League of Legends, DOTA 2, Counter Strike and Overwatch have been the most popular esport titles in recent years.

WHAT IS OVERWATCH?

Overwatch is a first-person shooter released by Blizzard in 2016 with esports in mind. It features teams of six players competing to protect designated zones from enemy capture or safely move payloads across intricate maps. Players can choose from 27 characters — like Lucio, a roller-blading DJ whose music can harm opponents and heal allies, or Bastion, a robotic tank that can turn itself into a devastating sentry gun.

Each game takes roughly 10 minutes, and Overwatch League matches include five games. The first team to win two matches in the Grand Finals will be crowned champion.

WHY ARE ROBERT KRAFT AND JEFF WILPON INTERESTED IN THE OVERWATCH LEAGUE?

Traditional sports investors like Kraft and Wilpon have seen huge financial potential in esports for a while, but both held off on purchasing franchises until springing for Overwatch clubs in 2016. Blizzard convinced them to buy in by re-imagining the esports scene, mostly by giving the Overwatch League a structure familiar to North American sports fans.

Esports circuits in Asia and Europe have generally been club-based, with teams at risk of relegating into lesser leagues. The Overwatch League instead is using permanent city-based franchises — just like the NFL or NBA — but on a global scale. Currently, the league has 12 teams across three continents, and it’s planning expansion for Season Two.

The city-based structure was attractive to sports traditionalists, which is what led Kraft and Wilpon to own franchises in Boston and New York, respectively. Investors also liked the league’s generous revenue sharing system.

ARE ESPORTS ACTUALLY SPORTS?

It depends who you ask, and frankly, it’s not clear that it matters.

“It’s a good semantics argument,” Philadelphia Fusion president Tucker Roberts said. “Honestly, yes.”

Video games do require physical skill. Even across the Overwatch League, there’s a spectrum of natural abilities, with some players boasting better reactions and co-ordination. Overwatch is also heavy on teamwork and strategy. People in the industry like to compare esports to darts, billiards or chess.

“There’s a difference between a sport being like, the most athletic sport, sure,” Roberts said. “But I think the bigger question isn’t the semantics of whether they’re a sport. It’s about, what does it mean to be a competition and how high are the stakes of the competition? I think the players on our team, I know, work harder than any athlete I’ve ever met.”

For the industry, the argument only matters insofar as it affects visibility. If traditional sports giants like ESPN are on board, who cares what you call them?

WHY DOES ESPN WANT IN?

For one, ESPN’s definition of sports can get flimsy. The network has showcased events like the Scripps National Spelling Bee, the World Series of Poker and the Drum Corps International championships. ESPN has also aired soccer and football video game competitions in the past, just never live in prime time.

There’s good reason to think people will tune in. While video game viewing might be a novel concept domestically, it’s quite common in some other markets. For instance, South Korea has entire television networks dedicated to esports, and gaming events there routinely draw tens of thousands of attendees. Korean esports stars live lavish, celebrity lifestyles, with top players achieving a status similar to that of LeBron James in America.

ESPN wants to attract more Millennial and Gen-Z viewers, and competitive gaming seems like an obvious point of connection. Between 100,000-150,000 fans tuned into each second of the Overwatch League’s regular season broadcasts on the streaming service Twitch, and 10 million viewers watched the league’s opening weekend.

ESPN isn’t the only traditional sports staple eyeing a younger audience through video games. The International Olympic Committee is also exploring ways to partner with the esports industry, even hosting a forum this month to bring together gaming executives, players, sponsors and event organizers. Overwatch League Commissioner Nate Nanzer was among the panelists who spoke at the event.

HOW DO YOU BECOME A PRO GAMER?

Just like anything else, it’s largely a matter of talent and hard work.

Most game titles have multiple levels of competition, including lower-level leagues, tournaments and invitationals. Getting discovered varies across games. For instance, the Overwatch League has an “open” division, in which amateur teams can enter to compete for regional championships. A step above that is the Overwatch Contenders League, which is sort of like Triple-A. The Contenders League is partly comprised of what used to be the largest international Overwatch circuits, like APEX in Korea and the Premier Series in China.

Being a pro is a grind. Practice schedules vary by team, but most players are practicing six days per week, at least six hours per day, during the seven-month season.

WHAT DOES AN OVERWATCH BROADCAST LOOK LIKE?

Chaotic, mostly. And for those who have never played the game, the action can be difficult to follow. It’s fast-moving, jumping from player to player depending on the focal point of the action. Even Wilpon, who has viewed a few matches in-person in Los Angeles, admits to being “usually a half a step behind” the action.

Some want the league to develop two broadcasts — one for Overwatch experts, another geared toward newbies. For now, though, the same coverage will run on ESPN and Twitch, which could leave a few new fans feeling in over their heads.

WHERE DOES FORTNITE FIT INTO THIS?

Overwatch’s emergence in North America this year has been overshadowed in many ways by Fortnite, a battle royale contest from Epic Games that has jolted the industry. It’s become the most popular video game in the world, and Epic is trying to convert all those players into an esports audience by offering $100 million in prizes for Fortnite tournaments over the next year.

One major challenge for games like Overwatch is to maintain visibility amid the rise of competitors like Fortnite. Blizzard is optimistic, though. It specializes in games with staying power — like World of Warcraft, Hearthstone and StarCraft — and it plans to continually update Overwatch with new characters, maps and other features to maintain fan interest for decades.

Commissioner Nanzer is also wagering that Blizzard’s investment in the infrastructure of the league will be an asset. Indeed, while Overwatch is about to breakthrough on ESPN, Fortnite’s first-ever Summer Skirmish event proved nearly unwatchable because of technical issues and conservative game play.

“It takes a lot more than a press release to build an esport,” Nanzer told The Associated Press after Epic announced its $100 million prize pool.

——

Follow Jake Seiner on Twitter: https://twitter.com/jake–seiner

Source: https://business.financialpost.com/pmn/business-pmn/whats-overwatch-why-is-it-on-espn-an-ap-esports-explainer

#Nickel Is New Headache for Automakers as Cobalt Fears Abate $TN.ca

Posted by AGORACOM-JC at 4:33 PM on Thursday, July 26th, 2018
  • Graphite also failing to keep up with electric boom: Benchmark
  • Nickel looks set to double by 2022 amid shortage: WoodMac
  • Research commissioned by commodities trading giant Glencore Plc indicates that global demand for nickel in electric vehicles will hit nearly 1 million metric tons by 2030

Locking in supplies of key battery raw materials lithium and cobalt has been a headache for electric car manufacturers, but these days it’s the supply of nickel and graphite that’s keeping them up at night.

Carmakers bracing for a surge in electric vehicle sales in the early 2020s are increasingly worried about where they’ll get enough nickel and graphite to go into batteries, according to Simon Moores, managing director at Benchmark Mineral Intelligence. Concern about lithium and cobalt has eased as miners ramp up production at new projects.

“It was lithium and cobalt for the last few years that they worried about,” Moores said at a press briefing in London. “In the last four months it’s shifted; they seem pretty confident that the lithium and cobalt will be there in that timeframe.”

Investors and miners are already alert to the risk that supply will fall short of demand. Research commissioned by commodities trading giant Glencore Plc indicates that global demand for nickel in electric vehicles will hit nearly 1 million metric tons by 2030. That amounts to 55 percent of the metal produced globally in 2017. Prices look set to double by 2022, but producers still aren’t likely to keep up with demand from the automotive industry, according to Wood Mackenzie.

Electric Shock

Nickel usage in battery-powered vehicles is set to surge

Source: Glencore/CRU

The buoyant outlook for battery demand has helped insulate nickel from a selloff in base metals over the past few weeks. Prices are up 5.7 percent so far this year at $13,490 a ton, while other base metals trading on the London Metal Exchange are down across the board.

As was the case with lithium and cobalt, there’s growing anxiety about how nickel and graphite producers will supply metal of the right quality in the right quantities when electric vehicle sales start to hit the mainstream, Moores said.

But investors betting on nickel’s battery-powered future may have a tougher time than those who have been chasing returns in the cobalt and lithium industry, Benchmark Minerals analyst Caspar Rawles cautioned.

“The one problem that nickel potentially faces is that investors are trying to catch what happened with nickel and cobalt a couple of years ago, and it’s premature,” Rawles said in London. Currently, it’s conventional usage in stainless steel that’s driving demand, and it will be several years before the red-hot battery market starts making an impact on prices, he said.

Source: https://www.bloomberg.com/news/articles/2018-07-24/nickel-is-new-headache-for-automakers-as-cobalt-fears-abate

California Gets First #Blockchain-Only #RealEstate Deal $SX $SX.ca $SXOOF $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:33 AM on Thursday, July 26th, 2018

  • In a milestone event for the project, real estate startup Propy announced the completion of a transaction involving only their platform and Bitcoin (BTC) as a means of payment
  • The significance stems from the fact this is the first deal of this nature in California

Kate Fomina, a licensed real estate agent in the state, represented both counterparties. One of the most interesting facts about the transfer was that all of the parties involved were separated by immense physical distances. While the buyer (Luke Carriere) was located in New York, the seller (Diana Dominguez) was in Northern California. Furthermore, at the time the process began, Fomina (the broker) was in Hong Kong and the escrow agent was in San Francisco.

The underlying technology is obviously more exciting to people interested in crypto. The Propy Transaction Platform uses smart contracts to enable the entire process to go smoothly, be recorded on the ledger and be legally binding. The startup was also behind the first ever blockchain property purchase, which happened in Ukraine.

Natalia Karayaneva, CEO of Propy commented on the recent deal:

“We believe that blockchain technology can truly revolutionize the real estate purchasing process and the management of public records […] Propy streamlines a complicated process into a simple online transaction, and we’ve seen significant traction in the industry already — buyers and sellers are increasingly turning to blockchains and cryptocurrencies. We’re excited to facilitate more property transactions, and reach more milestones in our goal to automate the real estate industry via blockchains.”

The announcement comes approximately at the same time as the first-ever physical delivery of Bitcoin futures, traded on the CME, took place. While the two stories are very different in nature, they are indicative of a growing interest in the use of cryptocurrencies not only as a speculative asset class.

Read more: https://cryptovest.com/news/california-gets-first-blockchain-only-real-estate-deal/

PyroGenesis $PYR.ca Announces Second DROSRITE™ Furnace System Ready for Shipment; Embraces New Tolling Strategy $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 8:38 AM on Thursday, July 26th, 2018

Pyr header 1

  • Further to its press release dated November 16th, 2017, that it has successfully completed the fabrication and factory acceptance test of the DROSRITE™ Furnace System  ordered last November from a North American Automobile Parts Manufacturer; the name of which remains confidential for competitive reasons
  • System is now being prepared for shipment and is scheduled to be in full operation in Q4-2018

MONTREAL, July 26, 2018 – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR), a TSX Venture 50® high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) a Company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, is pleased to announce today, further to its press release dated November 16th, 2017, that it has successfully completed the fabrication and factory acceptance test of the DROSRITE™ Furnace System (the “System” or “DROSRITE™â€) ordered last November from a North American Automobile Parts Manufacturer (the “Client”); the name of which remains confidential for competitive reasons.  The System is now being prepared for shipment and is scheduled to be in full operation in Q4-2018.

The fabrication of the System is now complete, has met all the requirements to operate efficiently, and has met the factory acceptance test required by the Client.  As previously announced, this System is the second commercial System sold to date and represents a re-order from the Client.

As previously noted, PyroGenesis’ DROSRITE™ System is a salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry. PyroGenesis’ patented process avoids costly loss of metal while reducing a smelter’s carbon footprint and energy consumption, providing an impressive and relatively quick return on investment. The System has been designed to process and recover valuable metals such as aluminum, zinc and copper from dross.

“Additional sales, which have been described in previous press releases, are expected to be concluded and to contribute significantly to the Company’s bottom line,” said Mr. P. Peter Pascali, President & CEO of PyroGenesis. “As mentioned previously, cultural differences, time zones, political unrest, religious holidays and summer vacations have all played their part in the delays with respect to the negotiations and the conclusion of additional commercial sales.”

On a separate, but related matter, the Company announces today that it is in discussion with several smelters to provide on-site dross tolling services under long term take-or-pay contracts.  As well, the Company is in active discussions with a potential partner relative to the establishment of a joint venture which could help accelerate this line of business. A tolling service arrangement is one in which a smelter provides dross to a third party to process either on or off-site. In this case, PyroGenesis would provide a tolling service using its patented DROSRITE™ System to process the dross and recover valuable metals for a fee.

“Tolling is a logical extension of being a DROSRITE™ system supplier to smelters,” said Mr. David D’Aoust, Sales Manager – DROSRITE™. “We have found that although many smelters like the idea of operating their own systems, there are quite a few who would prefer not to and, as such, would prefer to have a third party process the dross on-site.  We can be that third party. The demand for PyroGenesis’ DROSRITE™ System is quickly gaining traction. Our original DROSRITE™ Systems process between 3,000-7,500 tons of dross per year. We recently announced the addition of a new mini-DROSRITE™ System which can economically process 500 tons of dross per year, which now effectively targets thousands of smaller smelters. The addition of tolling to this mix effectively positions PyroGenesis as a one stop shop for dross processing.”

“Tolling is something we did not think would be an option for another 18 months”, said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “However, discussions have taken place which create an opportunity that deserves consideration at this time.  Tolling is the ultimate recurring revenue stream for our DROSRITE™ business line and one which we must explore.  Teaming up with a large multi-national corporation, who has the experience and organizational depth required to execute this strategy, would help accelerate our time to market.”

About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50® high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides technical 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 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 technical services to the global marketplace. Its operations are ISO 9001 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian corporation 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 Corporation’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 Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’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 Corporation 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.

For further information: Rodayna Kafal, VP, Investor Relations and Strategic Business Development, Phone: (514) 937-0002, E-mail: [email protected] or [email protected]

Tetra Bio-Pharma $TPB.ca Confirms Meetings With FDA $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM-JC at 8:33 AM on Thursday, July 26th, 2018

Logo tetrabiopharma rgb web

  • Announced that it received two meeting granted letters from the United States Food and Drug Administration (FDA), for Type B and C meetings,
    • discuss requirements for obtaining marketing approval under the 505(b)(2) regulatory pathway for its dronabinol AdVersa™ mucoadhesive product, PPP002. 

Type B & C Meetings Move TBP Closer to Market Approval

ORLEANS, Ontario, July 26, 2018 (GLOBE NEWSWIRE) — Tetra Bio-Pharma Inc., (“Tetra” or the “Company”) a leader in cannabinoid-based drug discovery and development (TSX VENTURE:TBP) (OTCQB:TBPMF) today announced that it received two meeting granted letters from the United States Food and Drug Administration (FDA), for Type B and C meetings, to discuss requirements for obtaining marketing approval under the 505(b)(2) regulatory pathway for its dronabinol AdVersa mucoadhesive product, PPP002.

Tetra, along with its partner IntelGenx Corp, is developing this product in the USA under the accelerated 505(b)(2) pathway for chemotherapy-induced nausea and vomiting and anorexia and weight loss in people with AIDS (the same indications that have already been approved for Marinol®).  The 505(b)(2) speciality Contract Research Organization, Camargo, is guiding the regulatory submissions to the FDA. The corporation is also developing PPP002 in Canada as an adjunct therapy for opioid reduction in patients with chronic pain.

According to the International Agency for Research on Cancer1, the global chemotherapy-induced nausea and vomiting (CINV) market will reach a valuation of US$1.88 bn by 2020, an increase from its 2013 valuation of US$1.28 bn. Based on the expected improved safety profile of delayed release dronabinol, Tetra expects that AdVersa™ can gain significant market share within three (3) years of its launch in the USA.

Reducing Opioid Use
The opioid crisis is serious and growing throughout North America. Tetra’s rich cannabinoid-derived product pipeline has the potential to play a significant role in opioid sparing, thus addressing a societal issue of critical proportion. The Corporations research and development team is exploring the application of cannabis for other painful therapeutic indications such as the multi-billion-dollar fibromyalgia market, which would vastly increase the potential market as well shareholder value.

“Confirmation of these two meetings with FDA marks an important milestone in gaining accelerated marketing approval in the USA for PPP002. Tetra will use the information provided by the FDA in these meetings to finalize preparation of the NDA file,” said Dr. Guy Chamberland, Interim CEO and Chief Scientific Officer of Tetra Bio-Pharma.

Alongside these meetings, Tetra and IntelGenx are working together to finalize the Clinical Trial Applications (CTAs) for the upcoming comparative pharmacokinetic and opioid sparing trials, to support development for the 505(b)(2) and opioid sparing indications, respectively. Tetra expects to file these CTAs with Health Canada in Q3 2018.

About IntelGenx
Established in 2003, IntelGenx is a leading oral drug delivery company primarily focused on the development and manufacturing of innovative pharmaceutical oral films based on its proprietary VersaFilm™ technology platform. IntelGenx’s highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx’s state-of-the-art manufacturing facility, established for the VersaFilm™ technology platform, supports lab-scale to pilot and commercial-scale production, offering full service capabilities to its clients. More information about the company can be found at www.intelgenx.com

About Camargo
Camargo Pharmaceutical Services is the global development and commercialization partner with a proven ability to help bring life-changing therapies to the market faster and more cost-effectively. Founded in 2003, the company offers a full portfolio of pharmaceutical services from concept through commercialization to improve medicines. Camargo has emerged as one of the recognized experts and industry leaders utilizing the FDA 505(b)(2) approval pathway. The company is passionate about the client’s success and the differences they can make in the lives of others. Camargo’s global reach and client base extends to more than 25 countries.  Camargo is headquartered in Cincinnati, Ohio. For more about Camargo Pharmaceutical Services, visit http://camargopharma.com.

About Tetra Bio-Pharma
Tetra Bio-Pharma (TSX-V:TBP) (OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and development with a Health Canada approved, and FDA reviewed, clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. The Company has several subsidiaries engaged in the development of an advanced and growing pipeline of Bio Pharmaceuticals, Natural Health and Veterinary Products containing cannabis and other medicinal plant-based elements. With patients at the core of what we do, Tetra Bio-Pharma is focused on providing rigorous scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies. More information at: www.tetrabiopharma.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.

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 to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research and development strategies, including the success of this or any other clinical trial, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions 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. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed. 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.

For further information, please contact Tetra Bio-Pharma Inc.:

Robert (Bob) Bechard
Executive Vice President, Corporate Development and Licensing
514-817-2514

For investors information, please contact:
[email protected]
(438) 504-5784
Media Contact:
energi PR
Lana Power
416-425-9143 ext. 201
[email protected]

#Gold demand to be positive in second half of 2018, says WGC report $AMK.ca $EXS.ca $MQR.ca $HPQ.ca $GZD.ca $GGX.ca $GR.ca

Posted by AGORACOM-JC at 2:56 PM on Wednesday, July 25th, 2018

  • Gold demand is likely to be healthy in the second half of 2018 on positive global economic growth, trade wars and its impact on currency and rising inflation, the World Gold Council (WGC) said in a report.
  • Gold price rose by more than 4 per cent in the first few months of the year, only to finish in June down by the same amount and this downward trend continued during July as gold dropped almost an additional percentage point, WGC said in its mid-year outlook 2018 today.

While gold’s volatility spiked in February and April, it has been moving in a relatively low range since, it added.

WGC said the gold’s performance has been mainly driven by factors including a strengthening US dollar, higher investor threshold for headline risk and soft gold demand.

“At the same time, gold’s price momentum and investor positioning in derivatives markets has accelerated its descent. We, however, believe that there may be reasons to be more optimistic during the second half of the year,” it said.

According to the council, macroeconomic trends like positive but uneven global economic growth, trade wars and their impact on currency and rising inflation and an inverted yield curve will support gold in the second half of 2018.

In India, the second half of the year is usually positive for gold as the harvest and wedding seasons during the autumn provide seasonal support for the market.

The economic policies rolled out by the government to draw the informal, cash-based economy into the formal sector, according to the report, are starting to translate into stronger economic growth.

Source: https://www.business-standard.com/article/economy-policy/gold-demand-to-be-positive-in-second-half-of-2018-says-wgc-report-118071901188_1.html

#Cord-Cutting Keeps Churning: U.S. Pay-TV Cancelers to Hit 33 Million in 2018 $GOOD.ca $TTD $RUBI $AT.ca $TRMR $FUEL

Posted by AGORACOM-JC at 1:04 PM on Wednesday, July 25th, 2018

  • Millions of Americans have already scrapped traditional pay-TV service, and the exodus is expected to continue apace in 2018
  • That said, even as the traditional pay-TV universe shrinks, the number of viewers accessing over-the-top, internet-delivered video services keeps growing. About 147.5 million people in the U.S. watch Netflix at least once per month, according to eMarketer’s July 2018 estimates
CREDIT: Caiaimage/REX/Shutterstock

Have you recently pulled the plug on cable or satellite TV? You’re not alone: Millions of Americans have already scrapped traditional pay-TV service, and the exodus is expected to continue apace in 2018.

This year, the number of cord-cutters in the U.S. — consumers who have ever cancelled traditional pay-TV service and do not resubscribe — will climb 32.8%, to 33.0 million adults, according to new estimates from research firm eMarketer. That’s compared with a total of 24.9 million cord-cutters as of the end of 2017, which was up 43.6% year over year (and an upward revision from eMarketer’s previous 22 million estimate).

That said, even as the traditional pay-TV universe shrinks, the number of viewers accessing over-the-top, internet-delivered video services keeps growing. About 147.5 million people in the U.S. watch Netflix at least once per month, according to eMarketer’s July 2018 estimates. That’s followed by Amazon Prime Video (88.7 million), Hulu (55 million), HBO Now (17.1 million) and Dish’s Sling TV (6.8 million).

Other OTT services have been on the rise, too — including AT&T’s DirecTV Now, Google’s YouTube TV and Sony’s PlayStation Vue — but eMarketer didn’t provide estimates for those.

One of the issues in how eMarketer tracks the pay-TV market is that it’s estimating total number of individual viewers and cord-cutters, rather than households (which is how cable, satellite and telco TV companies report their subscriber figures).

But no matter how you slice it, traditional cable and satellite TV is in decline. Traditional U.S. pay-TV providers saw a record 3.7% drop in 2017, to 94 million households, according to S&P Global Market Intelligence’s Kagan. Overall, 186.7 million U.S. adults will watch traditional pay TV in 2018, down 3.8% from last year, according to eMarketer’s estimates.

The main factor driving away pay-TV customers? The chief culprit continues to be price. The average pay-TV bill in 2017 totaled $100.98 per month, which represents a 5.5% compound annual growth rate (CAGR) between 2000-17, according to Kagan.

That’s an opportunity for the lower-cost “virtual” pay-TV entrants. Kagan estimates virtual multichannel services will hit nearly $2.82 billion in overall revenue in 2018, rising to more than $7.77 billion by 2022. Among OTT TV services, average revenue per subscriber is roughly one-third of traditional cable TV but Kagan expects virtual pay-TV services to increase average monthly revenue to $37 in 2018 for a 19% year-over-year increase.

About 70% of pay-TV subscribers feel they get too little value for their money, according to Deloitte’s 2018 Digital Media Trends Survey. In addition, about 56% of pay-TV customers say they keep their subscription because it’s bundled with their home broadband internet, per the Deloitte survey.

In other words: Expect the erosion in the legacy pay-television sector to continue, as people flock to cheaper OTT services.

New York-based eMarketer, a division of Axel Springer, bases its forecasts on an aggregation of third-party sources. For the pay-TV/OTT forecast, the sources include data provided by companies directly as well as surveys and studies from more than two dozen sources, including Nielsen, Deloitte, Kagan, GfK, Parks Associates, and MoffettNathanson.

Source: https://variety.com/2018/digital/news/cord-cutting-2018-estimates-33-million-us-study-1202881488/

FEATURE: Kuuhubb $KUU.ca Mobile Video Gaming And Apps For Women; $US 6.6M Quarterly Revenues, 33M Downloads, 7M Monthly Active Users $TCEHY $ATVI $CYOU

Posted by AGORACOM-JC at 12:25 PM on Wednesday, July 25th, 2018

Why Kuuhubb?

  • $US 6.6 Million Quarterly Revenues
  • 200 Million Quarterly Sessions
  • 33 Million Downloads
  • 7 Million Monthly Active Users (MAU)
  • Partnerships: Kellogg’s and Samsung
  • Research Reports Target Significantly Higher Prices
  • Aggressive Global Growth Plans Now Underway
  • Japan Already Established. Japan Mobile Revenues
  • Have Surpassed The USA For 3 Consecutive Years
  • Global Social App Comparables Are Trading At $58/Monthly Active User (MAU) (Excluding Facebook)

FULL DISCLOSURE: Kuuhubb is an advertising client of AGORA Internet Relations Corp.

New Age Metals $NAM.ca Engages P&E Mining Consultants Inc to Complete Preliminary Economic Assessment (PEA) Study on its 100% Owned River Valley Platinum Group Metals #PGM Project, Sudbury Ontario $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 8:53 AM on Wednesday, July 25th, 2018

New age large

  1. NAM’s Platinum Group Metals (PGM) Division, more specifically our River Valley PGM Project in Sudbury, Ontario, is the largest undeveloped primary platinum group metal project in North America. Management has director approval to advance the project towards its first economic study, a Preliminary Economic Assessment (PEA).
  2. NAM has engaged P&E Mining Consultants Inc of Toronto Ontario to lead the PEA study on the River Valley PGM Project.
  3. The objectives of the PEA are to create a mine plan, mine schedule, a capital cost estimate, and an operating cost estimate incorporated into a financial model to provide total cash flow, after-tax net present value (NPV), and after tax internal rate of return (IRR).
  4. NAM plans to initiate a 4th phase diamond drilling program (see page 2 for further details) on the newly discovered high-grade Pine Zone to contribute to early PEA work, performed by P&E Mining Consultants Inc and a second international mining consultant group selected to assist on this study.
  5. The completion of the PEA is scheduled to be completed on or before the end of the first half of 2019; Geotechnical, metallurgical, mineralogical, and cost estimation work is ongoing, all of which will assist in the completion of the PEA.
  6. 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 or click here.
  7. Our proposed Corporate Mandate is to build a series of open pits (bulk mining) over the 16 kilometres of mineralization. Initially, we will focus on the northern portion of the project and our proposed plan is to mine, crush, and concentrate on site, then ship the concentrates to Sudbury. The objective of NAM before the May 2018 NI 43-101 updated Mineral Resource Estimate was to increase the Mineral Resource in the northern portion of the project which has traditionally been higher grade (Dana North/Dana South/Lismer North) to over 1Moz of PGMs. The discovery of the new higher-grade Pine Zone has added considerably to this area. The new NI 43-101 accomplished this goal.

July 25th, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F). Mr. Harry Barr Chairman/CEO stated: “We are pleased to announce that we have engaged P&E Mining Consultants Inc to lead the first economic study on our River Valley PGM Project. The study is meant to evaluate the Project and complete a PEA which will be a high-level engineering and financial study. The main conclusions of the study will include key financial parameters such as after-tax Net Present Value (NPV) and after-tax Internal Rate of Return (IRR) that will evaluate the projects economic viability. NAM directors, management and technical team as well as P&E’s management team are also looking to engage a second engineering company and contract them for specialized PEA assistance focusing on developing high level processing parameters, metallurgical, and mineralogical scenarios.”

About P&E Mining Consultants Inc.

P&E Mining Consultants Inc, was established in 2004 and provides geological and mine engineering consulting reports, Mineral Resource Estimate technical reports, Preliminary Economic Assessments and Pre-Feasibility Studies. P&E are affiliated with major Toronto based consulting firms for the purposes of joint venturing on Feasibility Studies. Their experience covers over 300 technical reports, including but not limited to Platinum Group Metals (Platinum, Palladium, Gold, Rhodium) and Base Metals projects including Copper, Nickel, and Cobalt.

P&E has extensive Canadian and International experience in geological interpretation, 3D geologic modeling, NI 43-101 Technical Report writing, Mineral Resource and Mineral Reserve Estimates, property evaluations, mine design, production scheduling, operating and capital cost estimates and metallurgical engineering. P&E Mining Consultants Inc operates under Certificates of Authorization from the provinces of Ontario, Newfoundland and Saskatchewan. Associates are also licenced in the provinces of British Columbia, Quebec, NWT/Nunavut and New Brunswick.

2018 Drill Program Slated for Late Summer/Fall

NAM plans to initiate a diamond drilling program on the newly discovered high-grade Pine Zone to contribute to early PEA work that will be performed by P&E. P&E will use all previous NI 43-101 compliant Mineral Resource data, the 2018 Abitibi Geophysical report, the reinterpretation of Abitibi Geophysical reports by Alan King, P.Geo our Sudbury Geophysical consultant as well as the 2018 Summer/Fall drilling Results to determine a target mine size for the potential starter open pits in the northern 16 kilometres of mineralization. From this target size, P&E will be able to generate early and advanced mine production scenarios including a mine production schedule. The PEA is scheduled to be completed on or before the end of the first half of 2019.

Additional Northern Portion Footwall PGM Targets

(Pine Zone and other new drill targets)


Click Image To View Full Size

Figure 1: Induced Polarization (IP) chargeability results which show potential drill targets from the 2018 Alan King Geophysical report on the northern portion of the project.

Pine Zone: the most advanced of 9 priority structural PGM targets based on geophysics in the northern portion of the River Valley deposit: open to the east along strike. Target T3: large overlapping geological & surface IP chargeability anomaly in footwall to Dana North Zone; possible down-dip continuation of Pine Zone. Target T9: surface IP chargeability anomaly in footwall to Lismer Zone. Targets T4-T8: drill target modelling in progress. Plus, extensive IP chargeability anomaly in footwall to Banshee Zone and to the south at River Valley Extension (RVX)


Click Image To View Full Size

Figure 2: Zone map of the River Valley PGM Deposit: The Yellow Band in Figure 2 represents the footwall potential area of the River Valley Deposit. Over time NAM’s technical team would like to complete an extensive geophysical program from the top of the 16 km in the most northern zones to its most southernly areas that now are known as the River Valley Extension. The objective of a 16 km program would be to outline other Pine Zone type deposits. The 2018 Abitibi geophysical program and Alan King’s reinterpretation of that report have defined several new targets in the northern portion of the project. See Figure 1, page 3 of this release for more related information.

ABOUT NAM’S LITHIUM DIVISION

The summer exploration plan has begun for the company’s Lithium Division. NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.

Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now expend a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration expenditure earn in is $2.950 million and should they continue with their option they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of eight Lithium Projects in this large underdeveloped pegmatite field and receives a consulting fee as the field manager of the project. In early June (June 14th, 2018) the option/joint-venture has begun their field exploration program. On July 11th,2018, NAM announced that they had exercised their option to search for Lithium and Rare Earths on the CAT4 claim. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018, June 6, 2018, June 13, 2018, July 11, 2018) or go to the investors presentation on newagemetals.com.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated Mineral Resources of 160 million tonnes @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a PdEq metal grade of 0.90 g/t at a cut-off grade of 0.4 g/t PdEq equating to 3,297,000 ounces PGM plus Gold and 4,626,000 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,714,000 PdEq ounces in Inferred (see May 8th, 2018 press release). NAM is currently conducting Phase 4 of their proposed 2018 exploration and development program. The current program is based on recommendations of previous geophysical studies and reviews by the company’s consultants, recent drilling, ongoing advanced metallurgical and minerology studies and selective pit design drill programs. The results of Phase 4 will assist in early PEA work being conducted by P&E Mining Consultants Inc and is meant to contribute towards the River Valley PEA. Mr. Michael Neumann, P.Eng., a veteran mining engineer and one of NAM’s directors, will oversee the completion of the PEA.

On April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Palladium (Pd)- Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A comprehensive report on previous exploration and future phases of work is slated for completion by early August 2018 on Genesis. This report will be completed by Avalon Development of Fairbanks Alaska.

After the Avalon report has been submitted to NAM, management will then actively seek an option/joint-venture partner for this road accessible PGM and Multiple Element Project using the Prospector Generator business model.

The results of the updated Mineral Resource Estimate for NAM’s flagship River Valley PGM Project are tabulated in Table 1 below (0.4 g/t PdEq cut-off).

Class Tonnes

‘,000

Pd (g/t) Pt (g/t) Rh (g/t) Au (g/t) Cu (%) Ni (%) Co (%) PdEq (g/t)
Measured 62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Indicated 97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Meas +Ind 160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66
Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Measured 1,440,200 1,999,600 1,999,600 1,136,900
Indicated 1,856,900 2,626,700 2,626,700 1,463,800
Meas +Ind 3,297,200 4,626,300 4,626,300 2,600,700
Inferred 1,578,400 2,713,900 2,713,900 1,323,800

Notes:

  1. A.CIM definition standards were followed for the resource estimation.
  2. B.The 2018 Mineral Resource models used Ordinary Kriging grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
  3. C.A base cut-off grade of 0.4 g/t PdEq was used for reporting Mineral Resources.
  4. D.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
  5. E.Numbers may not add exactly due to rounding.
  6. F.Mineral Resources that are not Mineral Reserves do not have economic viability.
  7. G. The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, P.Geo., a consulting geoscientist for New Age Metals. Mr. Galeschuk 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

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, 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. 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.