Liberty Star is an Arizona-based mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in Arizona and the southwest USA. Currently, the Company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.
Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company. MTJLS, the company recently announced a MAJOR acquisition of an industrial minerals business in Spain, while the company’s Quebec properties include 3 quartz/quartzite properties, amongst other things.
Hub On AGORACOM / Watch Interview
May 12, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; Pink: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has commenced the process to upgrade the Company to the OTCQB(R) Venture Market. The Company currently trades on the Pink(R) Open Market.
CEO Rick Wilson commented, “We are excited about submitting the application to upgrade to OTC Markets Group’s OTCQB Venture Market. We expect that, if granted, this designation will facilitate an increased following of shareholders and brokers who are more comfortable with OTCQB market standards.”
About OTCQB:
The OTCQB Venture Market, operated by OTC Markets Group Inc., is designed for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must meet a minimum $0.01 bid price test, be current in their reporting and undergo an annual verification and management certification process. OTCQB companies cannot be in bankruptcy. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. OTCQB criteria include:
About Nevada Energy Metals: http://nevadaenergymetals.com/
Nevada Energy Metals Inc. is a well-funded Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 87 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a highly prospective lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation lake where a phase one, 27 hole shallow auger exploration program has been completed and results are pending. Recently, the Company announced the addition of the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada. The Company’s first lithium project, Alkali Lake, in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium has been confirmed.
On Behalf of the Board of Directors
Rick Wilson
President & 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
The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.
CARDSTON, ALBERTA–(May 12, 2016) – American Creek Resources Ltd. (“American Creek“) (TSX VENTURE:AMK) is pleased to announce that Tudor Gold Corp. (“Tudor”), American Creek’s new joint venture partner on both the Treaty Creek and Electrum projects is now trading on the TSX-V under the symbol “TUD”.
American Creek entered into two separate JV agreements with Tudor (as announced yesterday) and will receive shares of Tudor as consideration in both agreements. The terms of the two agreements are summarized below:
Pursuant to the first agreement, American Creek will sell an undivided 60% interest in its Electrum property located in NW British Columbia in consideration for 1,000,000 Tudor shares and the payment of $500,000 cash on receipt of all regulatory approvals. Tudor has also agreed to invest $250,000 into American Creek pursuant to a private placement at a price of the greater of $0.08 per share or the discounted market price as defined by Exchange policy. A 60/40 joint venture will be formed and Tudor will be operator of the project.
Pursuant to the second agreement, American Creek will sell an undivided 31% interest in its Treaty Creek property to Tudor in consideration for 500,000 Tudor shares. Tudor has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016. A joint venture has been formed with Tudor holding a 60% interest and each of American Creek and Teuton Resources Corp. (“Teuton”) holding a 20% interest in the joint venture. However, both American Creek’s and Teuton’s 20% interests are fully carried during the exploration period until a production notice is given. Thereafter, each will be responsible for 20% of the costs under and subject to the terms of the joint venture.
American Creek wishes to further define and clarify the term “fully carried” as it pertains to the Treaty Creek Project JV Agreement. “Fully carried” means that American Creek will not have to expend exploration funds to advance the Treaty Creek project through the exploration phase up until the point that a production notice is given by the operator. This means that American Creek will not need to raise exploration capital for the project and therefore will not need to suffer further dilution related to the exploration advancement of the project.
Tudor is arm’s length to American Creek. These transactions are subject to TSX-V approval.
Darren Blaney, President & CEO, stated: “We are pleased that Tudor Gold Corp. has received regulatory approval to begin trading. With Walter Storm’s past track record of success, in particular with Osisko Mining Corp., we have the utmost confidence in both his ability and vision for the advancement of the Treaty Creek and Electrum properties. We are very much looking forward to working together.”
The Electrum property is located in the “Golden Triangle” of NW British Columbia and encompasses the historic past producing East Gold Mine. The property is road accessible and is only 45 km from recently upgraded concentrate shipping port facilities located in Stewart. The East Gold Mine produced extremely high grades of gold, silver and electrum in the past.
The Treaty Creek property is also located in the “Golden Triangle” immediately adjacent to Seabridge’s KSM project and near Pretivm’s Snowfield/Valley of the Kings deposits. The Treaty Creek property lies within the same broad hydrothermal system that generated the several deposits on the Seabridge and Pretivm properties that lie south of the Treaty Creek claims.
American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada. Further information relating to American Creek is available on its website at www.americancreek.com.
Information related to the Corporation can also be found on the American Creek investor hub profile page at www.agoracom.com.
Darren Blaney, CEO & Director
This press release was prepared by management who takes full responsibility for its contents. 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 Statements
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company’s profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.
American Creek Resources Ltd.
Kelvin Burton
403 752-4040
CARDSTON, ALBERTA–(May 11, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek“) is pleased to announce that it has entered into two separate joint venture agreements with Tudor Gold Corp. (TSX VENTURE:TUD) (“Tudor“). Tudor is arm’s length to American Creek. These transactions are subject to TSXV approval.
Pursuant to the first agreement, American Creek will sell an undivided 60% interest in its Electrum property located in NW British Columbia in consideration for 1,000,000 Tudor shares and the payment of $500,000 cash on receipt of all regulatory approvals. Tudor has also agreed to invest $250,000 into American Creek pursuant to a private placement at a price of the greater of $0.08 per share or the discounted market price as defined by Exchange policy. A 60/40 joint venture will be formed and Tudor will be operator of the project.
Pursuant to the second agreement, American Creek will sell an undivided 31% interest in its Treaty Creek property to Tudor in consideration for 500,000 Tudor shares. Tudor has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016. A joint venture has been formed with Tudor holding a 60% interest and each of American Creek and Teuton Resources Corp. (TSX VENTURE:TUO) (“Teuton“) holding a 20% interest in the joint venture. However, both American Creek’s and Teuton’s 20% interests are fully carried during the exploration period until a production notice is given. Thereafter, each will be responsible for 20% of the costs under and subject to the terms of the joint venture.
In conjunction with the execution of the Treaty Creek joint venture agreement above, American Creek is also pleased to advise that a settlement has been reached between American Creek, Darren Blaney, Allan Burton, Robert Edwards and Kelvin Burton (the “Plaintiffs“) and Teuton, Dino Cremonese, Gary Assaly and Amanda Mullin (the “Defendants“) related to the litigation in Alberta, Court File No. 1201-07918 with respect to the conspiracy, defamation, economic interference and economic harm claim that American Creek filed in 2012 against the Defendants and others. Accordingly, the Summary Judgement hearing against the Defendants above and scheduled for June 29, 2016 has been adjourned. The settlement is conditional on TSXV approval of the Treaty Creek joint venture agreement. The terms of the settlement are confidential.
Darren Blaney, American Creek’s CEO, states: “We are very pleased to be joint venturing with Walter Storm and his new public company Tudor Gold Corp. We have the utmost respect for Walter and his associates, and their track record of success, and are very much looking forward to working with them to advance our Treaty Creek and Electrum projects. We believe this is a game changer for American Creek as it will bring these two projects the recognition they deserve.”
About American Creek
American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada. Further information relating to American Creek is available on its website at www.americancreek.com.
Darren Blaney, CEO & Director
This press release was prepared by management who takes full responsibility for its contents. 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 Statements
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company’s profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.
American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com
VANCOUVER, May 11, 2016 – VirtualArmor International Inc. (“VirtualArmor” or the “Company“) (CSE: VAI) is pleased to announce that it has received an order for USD $450,000 under its managed services platform from a leading specialty finance company. The agreement is for an initial term of three years with the option to extend paid in equal monthly payments.
“We continue to see our recurring revenue managed security services platform gaining traction amongst leading multinational companies that are looking to protect their network from everyday threats,” said Matthew Brennan, Vice President of Sales at VirtualArmor. “Under the agreement, this leading brand will pay a monthly fee of $12,500 for a period of three years, with the option to extend, to have our expert staff provide security intelligence to strengthen their overall cybersecurity posture. In addition, the client spent approximately USD $100,000 in hardware and professional services with us prior to commencing the managed services program.”
“Our managed services platform serves as a source of predictable cash flow as we are engaged for a minimum of three years with every customer, with our longest standing customers having been with us for 10 years,” continued Matthew Brennan. “As cybersecurity threats continue to rise for companies of all sizes, we anticipate our managed services platform will provide a growing base of revenue for our company, while our hardware sales component serves as an entry point with future customers looking to secure every aspect of their network with leading cybersecurity solutions.”
About VirtualArmor
VirtualArmor is a cyber security company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core. As a managed security services provider, VirtualArmor’s services run 24 hours per day, 7 days per week, 365 days per year through its primary security operations center (“SOC”) located in Middlesbrough, U.K. and a secondary SOC located in Salt Lake City, Utah. Each member of VirtualArmor’s team supports the three main facets of its business: managed services, professional services, and hardware sales, by handling the design, configuration and installation of advanced network and cloud architecture solutions. VirtualArmor uses best-in-breed partnerships to provide solutions for customers that are affordable, highly reliable, scalable, and backed by thorough knowledge of the related technologies, products, and platforms. VirtualArmor has secured partnerships with established technology businesses specializing in network appliances, software, and systems and provides its services to the mid- to large- enterprise and service provider markets. VirtualArmor customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple service providers with presences throughout the United States, and household name enterprise organizations located primarily in the western United States. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, http://www.virtualarmor.com/.
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmor. Although VirtualArmor believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmor cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmor disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
SOURCE VirtualArmor
Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, [email protected]; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, [email protected] CNW Group 2016
May 10, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” TSX-V: BFF (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that an initial near surface auger sampling program on our 100% owned Teels Marsh West claims which covers approximately 810 hectares (2000 acres) in Mineral County, Nevada has recently been completed. Samples have been sent to ALS Labs, Reno, Nevada, one of the world’s largest and most diversified testing services providers.
This orientation phase of the lithium detection sampling consisted of 27 shallow auger holes (up to 1.5 meters). The program was designed to collect playa sediment samples near to a thermal anomaly located on and adjacent to a range front fault system along the west side of Teels Marsh. This thermal anomaly was discovered during research into the relationship between geothermal systems and Quaternary borate deposits previously mined at Teels Marsh (Coolbaugh et al. 2006). Close proximity to a geothermal heat source is believed to be one of the principal requirements for concentrating lithium in the brines at Clayton Valley, home to the first commercial lithium brine operation in North America.
Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada
About Nevada Energy Metals: http://nevadaenergymetals.com/
Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 87 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a highly prospective lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation lake where a phase one, 27 hole shallow auger exploration program is in progress. Recently the Company announced the addition of the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada. The Company’s first lithium project, Alkali Lake, in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium has been confirmed.
On Behalf of the Board of Directors
Rick Wilson
President & 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.
Vancouver, BC / May 9, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports the results of its annual general meeting held on Friday, May 6, 2016 (the “AGM”). Shareholders voted in person and by proxy representing an aggregate of 4,200,583 shares, being 29.59% of the 15,224,056 shares issued and outstanding as at the record date of April 1, 2016.
All four nominees listed in the management proxy circular, Marcy Kiesman, Veronica Liu, Thea Koshman and Twila Jensen, were re-elected as directors of Durango for the ensuing year. Shareholders also approved Durango’s 10% rolling incentive stock option plan and the re-appointment of Crowe Mackay LLP, chartered accountants, as auditor for the ensuing year.
Following the Meeting, directors re-elected Marcy Kiesman as the Company’s President and CEO and Veronica Liu as the CFO.
The board also granted an aggregate of 750,000 options to directors, officers and consultants of the Company (each, an “Option”). Each Option is exercisable for one common share at an exercise price of $0.15 per share, for a period of three years from the date of grant.
Marcy Kiesman, CEO of Durango, comments, “On behalf of the board of directors, I would like to thank all of our shareholders for their continued support throughout the past year. We look forward to building our business to bring value to all of our shareholders.”
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor. For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
May 9th, 2016, Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF further to the previous company’s news release (PFN April 25th, 2016 News Release), the Clayton Valley Forks Li Project (“CVF”) is comprised of 73 claims for a total of approximately 583 hectares (1440 acres) and is located on the west side of Lithium X’s South Expansion Project in Clayton Valley.
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Figure 1: Company claim blocks in the Clayton Valley area of Nevada
(Figure is a company made composite and not intended for redistribution. The company accepts no responsibility for the accuracy of other claim blocks other than the claim block associated with the Clayton Valley Forks Li Project)
Mr Barr Chairmen and CEO of PFN stated “That with the completion of this acquisition, our company has acquired its first strategic USA lithium brine asset. The Clayton Valley Fork Li Project is situated in North America’s only Lithium Brine producing area where approximately 4% of the world’s supply of Lithium Brine is produced. Due to growing demand, decreasing supply and increasing price of Lithium, Clayton Valley has become host to one of the largest project acquisitions and staking rushes in recent Nevada history. We look forward to developing and implementing an aggressive exploration and development program on this strategic project.”
The Project is strategically located south of the Silver Peak Lithium Mine operated by Albemarle Corp. Pure Energy Minerals Limited’s Clayton Valley South project is situated on the east side of Clayton Valley and the Clayton Valley Forks Li Project is situated on the opposite side of the valley, the west side.
The company plans to test for lithium-bearing aquifers thru the Project Area. The company’s technical team believes that geological structures of the sediment-filled Clayton Valley basin underlying the claims contains sediments, based on previous work in the area, have the potential to lead to new Li discoveries. The geological environment appears similar throughout the basin and with respect to the other leading exploration company’s projects in the basin.
The project is situated over an area that is believed to contain favorable geology, faults, ground water and possible lithium bearing source rocks. The west side of the north-south trending Clayton Valley Basin lies within a geological belt of right lateral deformation, near the western edge of the Basin and Range geological province. The project area also straddles the Walker Lane wrench fault zone, which is still active today. Aerial photos reveal strong faults on the mountains west of the project that roughly trend northerly-southerly. This faulting system may have formed structural traps which could contain accumulated lithium rich brines. Upcoming exploration programs will focus on geophysics and drilling.
Further announcements will be forthcoming with regard to the projects exploration and development plan, as well as other acquisitions in Canada and the United States.
Clayton Valley Forks Li Project Terms of Option Agreement
The Optionors (Thomas Evans (60%) and Robert Weicker (40%)) have agreed to grant an option to the Company to acquire a 100% undivided interest in the Clayton Valley Forks Li Project. In order to acquire a 100% interest in the Clayton Valley Forks Li Project (subject to the Production Royalty), the Company will issue up to 400,000 shares in 10 days another 400,000 shares by the first anniversary date. As well the company has agreed to cover recording fees up to a maximum of $25,00 (US), $15,000 (US) after regulatory approval and $15,000 (US) after 90 days of the approval. If the company begins commercial production on the project, a production royalty (calculated at 2% of the Net Smelter Returns) will be granted to the optionors. The company has the right to buy back the entire royalty at any time for $1,000,000 (US). The Agreement is subject to approval from the TSX Venture Exchange (the “Exchange”).
All shares issued in connection with the acquisition are subject to a four month and one day hold period from the date of issuance.
Nevada the Lithium Hub
Clayton Valley is located in Esmeralda county of Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and brine processing operations. The mine has been in operation since 1967 and remains the only brine based Lithium Producer in North America. The new project acquisition in Nevada will allow the company a project in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada with highway access, power infrastructure, water and local labor. The company’s new lithium brine project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020. The Clayton Valley Forks Li Project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada.
Clayton Valley was one of the few locations globally known to contain commercial-grade lithium-enriched brines.
Nevada Building a Future for Green Energy Manufacturing
The Nevada government is actively embracing the Lithium Energy market and future ventures. In March 2016 the Nevada Board gave final approval to the Faraday Futures $1 Billion dollar electric car factory in North Las Vegas. Once this plant is operating it is estimated that it will create over 4500 jobs for the area. Tesla received over $1.25 Billion in tax incentives from the Nevada government to start up their $5 Billion Giga-factory in Reno, Nevada. The Nevada government is backing the new growth in the lithium- ion battery and electric car market. Future projected market growth will also increase the need for lithium-ion batteries. At present, the Clayton Valley area produces 4% of the world’s Lithium Carbonate production.
About The Company’s Lithium Division
The company’s new Lithium Division will focus on the acquisition, exploration and development of Lithium Projects in Canada. In the United States the company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.
Management believes that these new age metals, Lithium, PGM’s and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.
In addition to the lithium brine potential of the CV West Li Project in Nevada, the company has and is developing hard rock lithium projects in Canada (PFN April 24th, 2016 news release). The Lithium One Project in southeast Manitoba is located 8.5 kilometers south of the Tanco Mine Site, North America’s richest and longest operating hard rock mine for tantalum, lithium and cesium.
Lithium and Platinum group metal prices have improved dramatically in recent months. Lithium supplies remain in deficit relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.
About the company’s Platinum Group Metals Division
Achievements to date and future plans for River Valley are outlined below as follows:
– Prepared by Tetra Tech (Wardrop)
– High Confidence: Measured plus Indicated = 72% of total
– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals
– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1
– High Grade potential, particularly in the north part of River Valley deposit
– Resources under evaluation for development potential as open pit mining operation
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-Drill hole intercepts much higher than the average grade of current mineral resource estimate
-Possible new mineralized zone at the north end of the River Valley deposit
-Show potential to take the River Valley PGM Project in a new direction
-More drilling required
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QUALIFIED PERSON
The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.
On behalf of the Board of Directors
” Harry Barr ” Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045
Email: [email protected], or visit www.pfncapital.com
Harry Barr Suite 101 – 2148 West 38th Ave., Vancouver, BC, V6M 1R9
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.