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$AAO.ca Augusta Selling FOX-TEK Canada to Mooncor for Aggregate Purchase Price of up to $21.5 Million $ENB.ca

Posted by AGORACOM at 10:49 AM on Monday, May 28th, 2018

  • Entered into a LOI for sale of FOX-TEK Canada Inc. to Mooncor
  • Aggregate purchase price of up to $21.5-million
  • $9,500,000 of the Purchase Price will be satisfied through the issuance of an aggregate of 47,500,000 post-consolidated common shares in the capital of Mooncor at a price of $0.20 per Consideration Share
    • balance of the Purchase Price, being up to $12,000,000, satisfied through a royalty of 15% on all future sales of FOX-TEK’s products and a 20% royalty on all future sales of FOX-TEK’s services

Augusta Industries Inc. and Mooncor Oil & Gas Corp. have entered into a letter of intent pertaining to the sale of FOX-TEK Canada Inc. by Augusta to Mooncor for an aggregate purchase price of up to $21.5-million.

$9,500,000 of the Purchase Price will be satisfied through the issuance of an aggregate of 47,500,000 post-consolidated common shares (the “Consideration Shares”) in the capital of Mooncor at a price of $0.20 per Consideration Share. The balance of the Purchase Price, being up to $12,000,000, will be satisfied through a royalty of 15% on all future sales of FOX-TEK’s products and a 20% royalty on all future sales of FOX-TEK’s services (collectively, the “Royalty”). The Royalty shall be payable until the earlier of (i) the 10 year anniversary of the closing of the acquisition of FOX-TEK, and (ii) the aggregate payment of $12 million.

Pursuant to the LOI, FOX-TEK and Sensor Technologies Inc. (“Sensor”), a wholly owned subsidiary of Mooncor, will enter into an amalgamation agreement (the “Agreement”) whereby FOX-TEK will amalgamate with Sensor to form a new company (“AmalCo”). Both Augusta and Mooncor will receive shares in AmalCo as a result of the amalgamation. Augusta will transfer its securities in the capital of AmalCo to Mooncor in exchange for the Consideration Shares. As a result of the amalgamation, and the issuance of the Consideration Shares, FOX-TEK will be a wholly owned subsidiary of Mooncor. It is the intention of Augusta to distribute a portion of the Consideration Shares to its shareholders at a later date.

“I am pleased that Augusta has settled on the final form of the transaction,” said Allen Lone, Chief Executive Officer of Augusta. “The letter of intent with Mooncor will result in FOX-TEK becoming a wholly owned subsidiary of Mooncor, a publicly traded company whose securities are listed for trading through the facilities of the TSX Venture Exchange. This will give Augusta’s shareholders an interest in two separate standalone companies while allowing it to focus on its blockchain technology, which has the potential to unlock substantial new opportunities capable of impacting the business of Marcon.”

“Mooncor is excited about the prospect of acquiring FOX-TEK and its products and technology,” said Alan Myers, Chief Financial Officer of Mooncor. “The acquisition of FOX-TEK gives Mooncor a suite of leading edge technology and products in the oil and gas industry which will supplement Mooncor’s current business while adding a new revenue stream.”

The Acquisition

Shareholders of Augusta will be asked to approve the Acquisition at the special meeting of shareholders scheduled for July 12, 2018. The proposal to be presented to shareholders would result in the sale of FOX-TEK to Mooncor.

Mooncor will be calling a special meeting of its shareholders to approve, among other things, the Agreement and the consolidation of its issued and outstanding common shares on a the basis of up to twenty (20) common shares for each existing common share. It is anticipated that Mooncor will file an application with the TSX Venture Exchange to approve the issuance of the Consideration Shares to Augusta pursuant to the Agreement.

No finder’s fee is payable with respect to this transaction.

Related Party Transaction

The transaction between Augusta and Mooncor is a non arm’s length transaction as Allen Lone is a director and officer of both Augusta and Mooncor. Mr. Lone owns, directly and indirectly, 6,920,000 common shares (4.13%) in the capital of Mooncor and 76,754,264 common shares (29.97%) in the capital of Augusta. As such it is a related party transaction subject to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Pursuant to MI 61-101, Augusta and Mooncor may be required to obtain disinterested shareholder approval and a valuation of FOX-TEK.

Augusta and Mooncor will be providing shareholders with additional updates.

About Augusta

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”), FOX-TEK and Paragon Blockchain Inc. (“Paragon”), Augusta provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Blockchain technology has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process. Blockchain technology is of critical importance to FOX-TEK as well particularly the expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world.

 

 

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$GLI.ca Glacier Lake Drills 153m of 28.9 g/t AgEq at Silver Vista $JAX.ca $GTT.ca

Posted by AGORACOM at 8:33 AM on Wednesday, May 23rd, 2018

  • Completed Seven holes totaling 1,273 metres on the “MR” target
  • Significant silver-copper hosted in fine-grained, clastic sediments was intersected in all 7 holes
  • Hole SV-18-06 returned multiple horizons of mineralization over the entire length of the hole 153.4 metre length averaging 28.9 grams per tonne (g/t) silver equivalent

Glacier Lake Resources Inc. has released results from its maiden diamond drill program on its Silver Vista property located near Smithers, B.C.

Significant silver-copper mineralization hosted in fine-grained, clastic sediments was intersected in all seven holes. Hole SV-18-06 returned multiple horizons of mineralization over the entire length of the hole, with the 153.4 metre length averaging 28.9 grams per tonne (g/t) silver equivalent (Ag Eqv *1), comprised of 16.1 g/t Ag, 0.05 percent copper (% Cu), and 0.10 % zinc (Zn). Hole SV-18-06 was the northernmost hole and the mineralized zone is open and undrilled to the west, north and northwest.

“Results from our maiden drill program on the Silver Vista ‘MR’ target support a large mineralizing system, with excellent potential to expand the silver-copper zones to the northwest and west,” says Saf Dhillon, President and Chief Executive Officer. Surface work will resume in June to refine the multiple soil geochemistry targets prior to a Phase 2 drill program. The company is fully permitted for 10,000 metres of drilling at upward of 40 sites.

The drill results were interpreted and assessed based on copper equivalent grades (Cu Eqv) of +/= 0.50 % Cu Eqv., and +/= 0.20% Cu Eqv.

The following are the intercepts base on +/= 0.50 % Cu Eqv.:

*1 {A –} Copper and silver equivalents are calculated based on the values of copper, silver and zinc, and metal prices of $16.50/ounce for silver, $3.05/lb for copper and $1.35/lb for zinc.

Seven holes, totaling 1,273 metres were completed on the “MR” target, representing the first drilling on the Silver Vista property since the initial 1991-1992 Equity Silver Mines Ltd. (a division of Placer Dome Inc., now Barrick Gold Corp.) program of 1,252.5 metres in 14 holes. Preliminary interpretations include:

A large, mineralizing system is indicated, with multiple, stacked zones of silver, copper and zinc mineralization occurring from outcrops to depths over 200 metres. Hole SV18-06 was mineralized from the overburden collar (4.6 m) to a depth of 157. 9 meters. Holes SV18-04 was mineralized from the collar to 49.0 meters, and hole SV18-07 was mineralized from the collar to 43.0 meters (see table below).

Near surface stacked zones are indicated by the recent drill program. Outcrop exposure is very limited due to subtle topography, however extensive soil geochemistry has uncovered numerous other silver and copper anomalies interpreted to have potential for further discovery of similar mineralization to the “MR target.”

The silver, copper and zinc mineralization is finely disseminated in multiple sedimentary horizons, but not obvious to the naked eye. A portable XRF (X-ray fluorescence) unit was successful in the preliminary identification of mineralized zones and helped guide the progress of the drill program. The mineralization appears to be broadly stratabound in preferred sandstone horizons with the sediments displaying a moderate north to northwest dip. Plant debris and organic matter are encouraging indicators, but alteration and veining are visibly minor and appear to be unrelated to elevated metal values.

Based on the recently completed drill program the sediments appear to be dipping moderately to the north. Holes SV18-01 and SV18-02 are therefore drilled with the dip and appear to have shallow intersection angles, in the order of 20 degrees to 30 degrees. The remaining five holes were drilled across the dip and therefore appear to have steeper intersections angles in the order of 60 to 70 degrees. Further drilling, with multiple holes on the same section or “fence”, is required to confirm the dip of the stacked mineralized bodies and the enclosing sediments.

Further details can be found in the National Instrument 43-101 report on the property located under the company’s SEDAR profile.

Quality assurance/quality control

The entire length of core for each of the seven drill holes was sawn and sampled at continuous 1.0-metre intervals, with occasional shorter or longer intervals based on apparent wallrock and mineralization contact. Supervision, organization and sawing of drilling core samples was undertaken by personnel from geological consultant Mammoth Geological Ltd. Half of the core was bagged, sealed and securely stored until shipment to the laboratory. The other half was retained in a secure storage location. Certified reference standards and blanks were placed in the sample stream of each drill hole alternating at every 25th interval. The secured and sealed samples were packed into rice bags, sealed and securely stored until they were turned over to the local trucking company for transport to the ALS Minerals Laboratory in North Vancouver, B.C.

All core samples were analyzed utilizing ALS’s MEICP-61 procedure, a four-acid digestion of a one-gram sample with an ICP finish. Samples with overlimit copper or silver values received an ME-OG62 analysis, a four-acid digestion of a 0.5-gram sample with ICP-AES finish.

In addition to Glacier Lake’s third-party standards, a routine quality assurance/quality control (QA/QC) procedure monitored the analytical quality at the lab. Certified reference materials (CRMs), pulp duplicates and blanks were inserted into each lab batch of samples. The Glacier Lake and ALS Lab QA/QC data showed no irregularities.

The technical content of this news release has been reviewed and approved by R.Tim Henneberry, PGeo, a member of the Glacier Lake advisory board and a qualified person as defined by National Instrument 43-101 — Standards of Disclosure for Mineral Projects.

 

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$AAO.ca Augusta Announces its Shareholders’ Meeting and Provides Sales Update

Posted by AGORACOM at 10:28 AM on Thursday, May 17th, 2018

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564614/hub/augustalarge.png

 

  • Marcon International Inc. sales orders of $612,000, with a backlog of $962,838.71
  • Shareholders’ meeting has been scheduled for July 11, 2018

Toronto, Ontario–(Newsfile Corp. – May 17, 2018) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”) is pleased to announce that it wholly owned subsidiary, Marcon International Inc. (“Marcon”), has entered into new agreements with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the agreement entered into was $612,522.38. The current backlog of orders, including these new contracts, is $962,838.71 as of May 15, 2018.

“The Corporation is pleased to enter in these new contracts as it is a reflection of the continued efforts and hard work of the Corporation’s sales staff,” stated Allen Lone, President of the Corporation. “The Corporation’s sales efforts continues to result in increased sales and the Corporation will continue to focus on entering into additional contracts and developing additional relationships and opportunities with its existing clients.”

The Corporation also announces its shareholders’ meeting has been scheduled for July 11, 2018.

About the Corporation:

Through its wholly owned subsidiaries, Marcon, Fox-Tek Canada Inc. (“Fox-Tek”) and Paragon Blockchain Inc. (“Paragon”), the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Blockchain technology has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process. Blockchain technology is of critical importance to FOX-TEK as well particularly the expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world.

Corporation contact:

Allen Lone, President, CEO, Augusta Industries Inc.
Tel: (905) 275-8111 Ext 226, 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.

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$NSM.ca Northern Sphere Mining Appoints Kelly Malcolm and Roger Gross to its Board of Directors

Posted by AGORACOM at 10:40 AM on Thursday, May 10th, 2018

  • The appointment of Kelly Malcolm, Kelly Malcolm is a professional geologist who specializes in the integration and interpretation of geological, geochemical and geophysical data to guide exploration and development activities.
  • The appointment Roger Gross, President and Chief Executive Officer of Crescent Silver LLC
  • Resignation of Denis Laviolette from its Board of Directors

Toronto, Ontario–(Newsfile Corp. – May 10, 2018) – Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) (“Northern Sphere” or the “Company”) is pleased to announce the appointment of Kelly Malcolm, P. Geo and Roger Gross to its Board of Directors and the appointment of Eric Balog as Vice-President, Corporate Development Mr. Malcolm has also been appointed to the Audit Committee and the Corporate Governance Committee.

Northern Sphere is also pleased to announce that it has formed an Advisory Board to assist in implementing the Company’s current plans and identifying means to capitalize on future growth opportunities. The initial appointments to the Advisory Board are David Richardson and Ron Wortel.

“We are very pleased to have a talented group of individuals join our senior leadership team,” commented A. John Carter, Chief Executive Officer of the Company. “Collectively, they bring a unique set of skills and experience that will help the Company grow. We look forward to working with them in the years ahead.”

The Company also announces the resignation of Denis Laviolette from its Board of Directors. Northern Sphere would like to thank Mr. Laviolette for his contributions to the Company and wish him success in his present and future endeavours.

About Northern Sphere’s New Appointments

Kelly Malcolm is a professional geologist who specializes in the integration and interpretation of geological, geochemical and geophysical data to guide exploration and development activities. Since June 2017 he has been the President and Chief Executive Officer of Generic Gold Corp., a mineral exploration company. Prior to his current role, Mr. Malcolm was employed at Detour Gold Corporation where he was involved in the discovery and delineation of the 58N gold deposit. Mr. Malcolm has also worked in the mineral exploration industry as a geologist or advisor for several junior explorers and mid-tier producers. Mr. Malcolm acts as a consultant to several boutique Toronto-based finance firms and junior mining companies with a focus on precious and base metals. He holds a Bachelor of Science Honours degree in geology and a Bachelor of Arts degree in economics, both from Laurentian University.

Roger Gross was appointed President and Chief Executive Officer of Crescent Silver LLC in May 2014 and has overall responsibility for execution of the company’s strategic priorities and operating plans. Mr. Gross also serves on the board of Crescent Silver LLC and Syringa Exploration Inc. Prior to joining Crescent Silver LLC, Mr. Gross served as Vice President of Nevada Operations for Midway Gold Corporation where he was responsible for management and permitting of Midway Gold’s Pan Project near Ely, Nevada. With more than 32 years or experience in the copper, gold, coal and industrial minerals mining sectors, Mr. Gross held management positions for Freeport McMoRan Inc.’s Grasberg operation and Newmont Mining Corporation’s Batu Hijau copper mine in Indonesia. He has executed improvements in safety, productivity, organizational effectiveness, people development, and regulatory and permitting functions. Mr. Gross holds a Bachelor of Science degree and Master of Science degree in Mining Engineering from the School of Mines and Engineering — Montana Tech.

Eric Balog is a mining focused investor relations professional who joined the sector in early 2000 and brings experience in both traditional and online investor relations. Mr. Balog has played key roles in professionalizing and expanding clients institutional and retail investor awareness programs.

Dave Richardson is the President and Chief Executive Officer of Octaform Systems Inc. Octaform designs and markets a patented stay-in-place concrete forming system that offers benefits that no conventional forming system can equal. Mr. Richardson is currently a director of Richardson International Limited and GreenPower Motor Company Inc., which is paving the way for the future of clean energy transit. Mr. Richardson was a co-founder and director of Kodiak Exploration Limited and Prodigy Gold Inc. Mr. Richardson has also served on a number of other public and private boards throughout his career. He is a Director Emeritus of Ducks Unlimited Canada following 20 years on the board and remains dedicated to several other charities and philanthropic activities. Passionate about mental health he co-founded the charity ‘The Stigma-Free Society’ and serves as Chair on the Board of Directors.

Ron Wortel, MBA, P.Eng., is a mining investment analyst with over 30 years in the industry. Mr. Wortel will provide the Company with expert project evaluation services to assist Northern Sphere in finding the best projects to match its strategy and the market’s interest.

About Northern Sphere Mining Corp.

Northern Sphere is dedicated to growth through the acquisition and development of mining assets with an emphasis on gold, silver and copper. In efforts to expedite and optimize mineral targeting on its assets, the Company is employing cutting-edge exploration technologies to generate robust mining projects. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.

Cautionary Statements

This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.

For further information, please contact:

John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843

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$APPB Applied BioSciences Expands TherPet Line with Equine Care Line

Posted by AGORACOM at 10:55 AM on Wednesday, May 9th, 2018

  • TherPet has entered the equine health space
  • Launched hemp-derived cannabidiol (“CBD”) formulated specifically for a horse’s health and wellness
  • Horses also have an endocannabinoid system comprised of cannabinoid receptors that help regulate a wide variety of bodily functions ranging from pain relief to mood.

 

LOS ANGELES, CA / May 9, 2018 / Applied BioSciences Corp. (OTCQB: APPB), a diversified cannabinoid therapeutics company focused on the medical, bioceutical and pet health industries, today announced that the Company’s wholly-owned animal health subsidiary TherPet has entered the equine health space with the launch of a new full-spectrum hemp-derived cannabidiol (“CBD”) supplement formulated specifically for a horse’s health and wellness.

TherPet’s Equine Care CBD line is a natural supplement designed to play a key role in keeping horses, healthy, looking good and performing their best. Our Equine Care CBD products support healthy skin, joints and immune system as well as to ease the discomfort of fatigued muscles, stiff joints and arthritis pain.

Like humans, horses also have an endocannabinoid system comprised of cannabinoid receptors that help regulate a wide variety of bodily functions ranging from pain relief to mood.

“Regularly supplementing a horse’s endocannabinoid system with full-spectrum CBD enables horses to better control inflammatory responses naturally,” noted JJ Southard, Vice President of Products at Applied BioSciences Corp. “Despite millions of spectators tuning in to watch twenty of the fastest thoroughbred horses compete in the Kentucky Derby this past weekend, very few of them realize or consider the race-induced inflammation and injuries that take place during such an event.”

David Horohov, Ph.D., William Robert Mills Chair at the University of Kentucky’s Gluck Equine Research Center, believes that horses as a breed are not necessarily becoming more fragile, but rather more susceptible to injury due to breeding strategies, training methods, and increased drug use. The Company hopes to reverse this trend by making Therpet’s new treatment options available immediately for veterinarians, trainers, and equestrians.

Therpet’s Equine Care tincture is available in a 4800 mg concentration which is packaged in a 4 fl. Oz. (120ml) bottle. The tincture is a naturally formulated Apple flavor, made with lab tested, CO2 extracted, pure full-spectrum CBD oil sourced from pesticide-free, Colorado grown hemp and specially formulated to be the highest bioavailability CBD products in the marketplace.

TherPet products are USDA NOP certified organic, non-GMO, vegan, paleo, gluten-free, sugar-free and THC-free. The products are formulated with organic 99%+ pure cannabidiol along with our proprietary blend of certified organic botanical, herbal and essential oils to further optimize bioavailability.

About Applied BioSciences Corp.

Applied BioSciences Corp. (www.appliedbiocorp.com), is a diversified company focused on multiple areas of the medical, bioceutical and pet health industry. As a leading company in the CBD and Pet health space, the company is currently shipping to the majority of US states as well as to 5 International countries. The company is focused on select investment, consumer brands, and partnership opportunities in the recreational, health and wellness, nutraceutical, and media industries.

The company has several strategic partnerships and investments currently in place and is actively pursuing additional partnerships and strategic growth opportunities.

Contact

Email: [email protected] or [email protected]

To be added to the Applied BioSciences email distribution list, please email [email protected] with APPB in the subject line.

Official Website: www.appliedbiocorp.com

Brands:

www.remedishop.com
www.therpet.com

Follow us:

Facebook @remedicbd & @therpetcbd
Instagram @remedicbd & @therpet
Twitter @remedishop & @therpet

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$GRAT.ca Gratomic Announces Successful Startup of Aukam Proccesing Plant

Posted by AGORACOM at 9:02 AM on Monday, May 7th, 2018

 

  • Aukam processing plant has been commissioned successfully
  • An initial shipment of graphite concentrate has been delivered
  • 4.5 tonnes of graphite concentrate grading between 88%-95% Carbon as Graphite delivered
  • Perpetuus Carbon Technologies will manufacture graphenes to be used in the tire industry.

TORONTO, May 07, 2018 (GLOBE NEWSWIRE) – Gratomic Inc. (“Gratomic” or the “Company”) (GRAT.V) (CB81.F) a vertically integrated graphite to graphenes, advanced materials development company is pleased to announce that its Aukam processing plant has been commissioned successfully and an initial shipment of graphite concentrate has been made.

The Aukam processing plant was constructed between December 2017 and March 2018, with initial throughput and optimization reached during March and April 2018. To date, the plant has generated 4.5 tonnes of graphite concentrate grading between 88%-95% Carbon as Graphite (“Cg”) of which 2.25 tonnes of concentrate has been shipped to Perpetuus Carbon Technologies (“Perpetuus”) for the manufacture of graphenes to be used in the automobile bicycle tire industry. Gratomic and Perpetuus are currently in collaboration to build on Perpetuus’ capability to initially provide 500 tonnes of surfaced modified graphenes per annum to support the volumes required by the tire manufacturing industry (see March, 4, 2018 news release). The first cycle tire order for the graphenes to a globally recognised brand is planned for delivery at the end of the second quarter of 2018. Additional applications that have now been generated in a preproduction format include radiant heating membranes and super hydrophobic coatings with an addressable market that includes: marine, oil & gas, power generation, industrial (repair & maintenance), infrastructure (new build) and automotive & transportation among others.

Gratomic’s CO-CEO Arno Brand stated, “The successful start-up of our Aukam processing plant is a major milestone for the Company, one that allows us to begin feeding concentrate to Perpetuus for the manufacturing of graphenes for use as a material enhancing filler within tire elastomers.”

The Aukam processing plant uses a simple crushing, grinding and flotation system with a current capacity of 600 tonnes per annum. Construction is already underway for the installation of a larger mill with a 10,000 tonne per annum capacity.

Graphite Feed for the Aukam processing plant is obtained from screening and sorting of stockpiles existing from historical and recent mining. An average feed grade of 56.29% Cg with a range of 41.55% Cg to 63.87% Cg was determined from ten, 2kg to 30kg, grab samples from across the stockpiled lumps (see June 3, 2016 and July 12, 2016 news releases). Note that assays of grab samples should not be taken as representative of the mineralization on the Aukam property as a whole.

The technical content of this News Release was reviewed and approved by Roger Moss Ph.D., P.Geo, a qualified person as defined by National Instrument 43-101.

About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene-based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol GRAT.

For more information: visit the website at www.gratomic.ca or contact:

Arno Brand, Co-CEO, +1 416-561-4095

E-mail inquiries: [email protected]

“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.”

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.  Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

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$GGX.ca GGX Gold Extends the Gold Bearing COD Vein an Additional 65 Meters to the South — Greenwood BC

Posted by AGORACOM at 9:29 AM on Wednesday, May 2nd, 2018

  • Completed holes 25 through 30 on the COD Vein, located in the Gold Drop Southwest Zone
  • DD-COD18-30 extended the COD vein 65 meters to the south, intersecting a 2.2 meter mineralized quartz vein with visible tellurides and visible gold.
  • The company is continuing with its summer drill program utilizing two drill rigs

 

Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSX.V: GGX) (OTCQB: GGXXF), (the “Company” or “GGX”) is pleased to announce the completion drill holes 25 through 30 on the COD Vein, located in the Gold Drop Southwest Zone. Thirty holes have been completed to date during the current 2018 diamond drill program testing the COD Vein, totaling 2,020 meters (6,627 feet).

 

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

 

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

The latest series of diamond drill holes were drilled from a pad located 40 meters south of the 2017 COD trenches. These holes targeted an area of historical cross trenches that never reached bedrock. The highlight of the latest series of holes is DD-COD18-30 that extended the COD vein 65 meters to the south. The hole intersected a 2.2 meter mineralized quartz vein with visible tellurides and visible gold.

 

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

Listed below are the highlights from the latest series of COD diamond drill holes. All reported widths are core length.

DDCOD18-26 – intersected a 11.25 m mineralized zone including 6.38 m of quartz veining.

DDCOD18-29 – intersected a 3.94 m mineralized zone including 1.6 m of quartz vein intercept.

DDCOD18-30 – intersected a 3.51 m mineralized zone including a 2.2 m quartz vein intercept.

The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver, BC. There the core will be analyzed for gold by Fire Assay and for 48 multi element Four Acid and ICP-MS. Quality control (QC) samples are being inserted at regular intervals.

The company is continuing with its summer drill program utilizing two drill rigs, one drill is on the newly discovered Everest Vein located approximently 100 Meters west of the COD and 600 Meters south of the COD trench. The second Drill rig is continuing to extend the Gold bearing COD vein both north and south.

Further updates on these programs will be provided shortly and a steady flow of assays results are expected to begin at the end of May and continue over the seasons program.

 

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

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

To view the Original News release with pictures please go to the website or contact the company.

On Behalf of the Board of Directors,

Barry Brown,

Director

604-488-3900

[email protected]

Investor Relations:

Mr. Jack Singh, 604-488-3900   [email protected]

“ We don’t have to do this, we get to do this ”

The Crew

 

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

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Posted in All Recent Posts, Featured, Small and Micro-Cap Space | Comments Off on $GGX.ca GGX Gold Extends the Gold Bearing COD Vein an Additional 65 Meters to the South — Greenwood BC

$AAO.ca Augusta Announces Results for the First Quarter of 2018 and Year Ending December 31st 2017 and Corporate Update

Posted by AGORACOM at 8:23 AM on Tuesday, May 1st, 2018

 

  • Three months ending March 31, 2018, the Corporation had revenues of $1,720,000 as compared to $879,000 during the three months ending March 31, 2017.
  • Total profit from operations for the three months ending March 31, 2018 was $31,000
  • The operating expenses in the three months ending March 31, 2018 was less at $244,000 compared to $277,000 for the same period in 2017.

Toronto, Ontario–(Newsfile Corp. – May 1, 2018) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”) is pleased to announce that it has released its financial results for the year ended December 31, 2017 and for three months ended March 31, 2018.

Summary for Three Months Ended March 31, 2018

For the three months ending March 31, 2018, the Corporation had revenues of $1,720,000 as compared to $879,000 during the three months ending March 31, 2017.

Total profit from operations for the three months ending March 31, 2018 was $31,000 or a net profit of $0.00 per share compared to a loss of $77,000 or $0.00 per share for the three months ending March 31, 2017. Gross margins for the three months ending March 31, 2018 was 16% compared to 23% for the three months ending March 31, 2017 due to the change in mix between Macron and FOX-TEK sales during the period. The operating expenses in the three months ending March 31, 2018 was less at $244,000 compared to $277,000 for the same period in 2017. Stock based compensation during the three months ending March 31, 2018 was $31,000 compared to $101,000 during the three months ending March 31, 2017.

Summary for Year Ended December 31, 2017

For the year ended December 31, 2017, the Corporation had revenues of $2,556,000 compared to $4,596,000 during the year ended December 31, 2016.

Total loss from operations for the year ended December 31, 2017 was $666,000 or a net loss of $0.00 per share compared to a profit of $7,000 or $0.00 per share for the year ended December 31, 2016. Gross margins for the year ended December 31, 2017 was 21% similar to 22% for the year ended December 31, 2016. The operating expenses in the year ended December 31, 2017 was slightly higher at $1,209,000 compared to $1,019,000 for the same period in 2016. Stock based compensation during the year ended December 31, 2017 was $250,000 while there were no such expenses during the year ended December 31, 2016.

The financial statements, notes to the financial statements and Management’s Discussion and Analysis for the year ended December 31, 2017 and for three months ended March 31, 2018 are available on SEDAR at www.sedar.com.

Corporate Update – Business Development

Blockchain Technology

The Corporation has created a wholly owned subsidiary, Paragon Blockchain Inc. (“Paragon”) to commence the process of implementing blockchain technology. Paragon has entered into a memorandum of understanding with an undisclosed blockchain company (the “UBC”) to advise and develop a new set of blockchain applications for the Corporation. The UBC will act as technical advisor and initiate the process of developing a new set of blockchain applications that will integrate, amongst other things, artificial intelligence (“A.I.”) for the purpose of sorting critical procurement opportunities within US government agencies for Marcon International Inc. (“Marcon”), Fox-Tek Canada Inc. (“Fox-Tek”).

Blockchain technology has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process.

Blockchain technology is of critical importance to Fox-Tek as well particularly the expansion of its’ non-intrusive technology in the oil and gas industry, whose clients include many of the biggest companies in the world. Fox-Tek believes a common system of record connecting data collected for events is of paramount importance to clients. The Corporation will create a platform that will allow for the analysis of data that incorporates an auditing system built for regulatory and quality assurance oversight. The platform will implement a distributed blockchain ledger using smart contracts. These smart contracts provide customization of blockchain data.

Fox-Tek Segment

Fox-Tek continues to support its independent sales agents and distributors primarily outside of North America with the intent of utilizing their local contacts and established relationships within the oil and gas industry to expedite the distribution of Fox-Tek’s products in the local jurisdictions.

After a very successful first introductory trip to India, Fox-Tek has submitted a number of technical proposals and bids on a number of different projects based on the Corporation’s various technologies. One of the more interested oil companies has requested a bid for 2 large EFM systems to be placed on vessels within a refinery. The client has provided a sample plate for testing purposes that would lead to a custom design for that specific material. The Corporation is also working on introducing our leak detection technology for long distance applications in India.

The Corporation has initiated talks with the Ontario Centres of Excellence (“OCE”) to supplement a number of high quality personnel within the OCE. This includes having a Post Doctorate Fellow to come to the offices of the Corporation and provide a full assessment on the company’s data analysis techniques and to look at ways to better manage our large database of data.

Through OCE, Fox-Tek, along with the McMaster University’s Centre of Opportunity, will be developing an innovative constant current source. This will be used across all of the Corporation’s EFM products, providing its existing and new clients with a better quality of analysis with the use of a high precision constant current source. A full prototype demonstrator has been completed.

The Corporation has been working to fulfill its obligations toward the engineering and field services to meet the requirements of the contract announced on July 10, 2017 with one of the Corporation’s largest and long standing clients in North America.

The Corporation is still working closely with the Trans Africa Pipeline project (“T.A.P.”) to provide non-intrusive sensing equipment which will verify the integrity of the pipeline composite at key locations. In addition to the non-intrusive sensing equipment, Fox-Tek will provide optical based sensing technology which would allow T.A.P. to monitor the right of way zones from possible third-party intrusions. The last update was that partial financing is completed and the site survey will be concluded for the Desalination Plant will be underway later in 2018.

The company is continuing with the qualification process with Petrobras to become a supplier of corrosion detection monitoring systems, optical strain/pressure/temperature sensors & leak detection technology.

The Corporation is working with FiBos on two separate applications to monitor pressure in injectors. These injectors are critical to the plant operations since failures could lead to slowdowns or shutdowns of operations. A proof of concept was successfully completed and we are current working Phase 2

Sales of EFM Corrosion Monitoring Systems

The Corporation has successfully completed 3 site surveys for one of its largest and long standing clients in North America and is negotiating a contract with the client to convert a competitor’s technology to Fox-Tek’s EFM technology.

The Corporation continues to work closely with engineering firms and major oil and gas companies in the Middle East, England, in addition to all the major Canadian companies. There have been increased interest in the Corporation’s products from a number of overseas markets including India and the UK. The Corporation entered into a contract in 2016 with a company in the U.K. for the supply of a custom built EFM system for a laboratory. This system was shipped out in the first quarter of 2017 and installed in the second quarter of 2017. The Corporation is confident this could lead to future orders for more portable and mobile systems that could be used for periodic monitoring for less critical applications.

The Corporation is also negotiating a contract for sale of another EFM unit to another of its clients.

DMAT Platform

The Corporation continues to enhance the DMAT platform (Data Management and Analysis Tool). Response from customers utilizing the DMAT service has been very positive. For DMAT, the revenue stream is guaranteed when a customer acquires the hardware. The Corporation has successfully negotiated new contracts with several clients, for engineering services and data analysis, for the 2017 fiscal year and beyond.

Leak Detection Technology

Fox-Tek’s leak detection technology has the potential of becoming a disrupting technology within the oil and gas sector due to its ability to detect minute amounts of volatile organic compounds present in hydrocarbon leaks. Due to the nature of the technology, it will likely have fewer false alerts unlike a number of competing technologies.

  1. The Corporation has received a contract for a system to detect oil on water in a drainage culvert.
  2. The Corporation has been invited to be part of an onsite technical review for the use of its technology to monitor leaks in a pipe, within a tank farm. A budgetary/technical proposal was provided to the client. The pipe is estimated to be about 500 meters long. A site survey will be conducted end of April followed by contract negotiations
  3. Fox-Tek has successfully completed a valuation of its leak detection technology by a large consortium consisting of a number of oil and gas companies.
  4. Fox-Tek is working closely with CANMET on the development of a new sensor technology (RFID corrosion sensor) to be used as a way to determine the damage of time on pipeline coatings. A letter of interest was submitted pursuant to a government initiative and the company has been selected to participate in phase 2 – LOI Technical Review.

The company has an additional 5 bids for a number of applications utilizing a number of its technologies (EFM, FBG and leak detection.)

Marcon Segment

Marcon provides procurement and support services to existing and new projects worldwide in the energy sector. Initially Marcon had focused on providing services in the energy sector but moved on to government contracts and government services. Marcon has two subsidiaries, Marcon USA and Marcon UK, to help enhance and support its logistic and sales operations. Over the years it has established a good reputation and has been a consistent performer for its clients in the government as well as the international oil and gas industry.

Marcon has built an impressive pipeline of quotes in 2018 along with increased bidding activity. Majority of the larger bids and quotes for Marcon are time consuming both in preparation of the bidding process and with the client and the end users. Marcon has successfully signed numerous deals year to date and will continue to do so and update the public through periodic press releases. Backlog sales in Marcon for the period ending March 31, 2018 were $819,000.

About the Corporation:

Through its wholly owned subsidiaries, Marcon, Fox-Tek and Paragon, the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Blockchain technology has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process. Blockchain technology is of critical importance to FOX-TEK as well particularly the expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world.

Corporation contact:

Allen Lone, President, CEO, Augusta Industries Inc.
Tel: (905) 275 -8111 Ext 226 email: [email protected]

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and as neither approved nor disapproved the contents of this press release.

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Northern Sphere Feature: Buckeye Mine Advancing Toward Production #FCE.tsx

Posted by AGORACOM at 12:08 PM on Friday, April 27th, 2018

 

Northern Sphere’s 28.7 million shares at .09c represents a $2.5 million market cap

The Buckeye Mine:

  • All the key pieces of equipment to enable mineral processing
  • Full assay facility
  • Fully trained mine team
  • Multiple adits
  • Water tanks
  • Evaporation pond
  • Core Logging Shelter

Processing Plan:

  • Production rate of 1000 ounces silver per day from an existing adit (10 oz per ton head grade).
  • Site prep includes rehabbing of adit, evaporation pond, stockpile area for over 20,000 tonnes.
  • Permits include explosive, full assay facility with high grade concentration.
  • Mobile equipment including 2.5 cu yard mucker, two boom jumbo, skid steer, generator, and haul trailer.

 

Northern Sphere Mining Corp has its’ sights on being the best of the high-quality juniors in the mining industry.

John Carter, Chief Executive Office

Northern Sphere Mining

905 302 3843

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GGX Gold Completes 1484 Meters on the COD Vein and Extends the Vein – 30 Meters to the South – Greenwood BC $GGX.ca

Posted by AGORACOM at 9:18 AM on Tuesday, April 24th, 2018

  • 2018 drill program has completed 24 drill holes totaling 1,484 meters or 4,883 feet on the COD vein
  • DDCOD18-24 intersected the COD vein 42m below surface, the drill hole successfully extends the COD vein occurrence 30 m along strike.

 

Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), is pleased to announce the completion of 24 diamond drill holes targeting the COD vein in the Gold Drop Southwest Zone. To date the 2018 diamond drill program has completed 24 drill holes totaling 1,484 meters or 4,883 feet on the COD vein. Updates on the Diamond Drilling at the Everest Vein will be provided shortly.

 

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

 

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

 

Currently the COD vein drill is located at a pad 30 meters south of the southernmost extent of the 2017 trench. The drill hole DDCOD18-24 intersected the COD vein 42m below surface. The drill hole successfully extends the COD vein occurrence 30 m along strike. Listed below are the highlights from the latest series of COD diamond drill holes (holes 10 to 24). All reported widths are core length.

 

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

 

DDCOD18-24 – intersected a 2.17 m mineralized zone including a 1.6 m wide quartz vein intercept

DDCOD18-21 – intersected a 7.32 m mineralized zone including 3.52 m of quartz veining

DDCOD18-20 – intersected a 2.66 m mineralized zone including a 1.56 m quartz vein intercept

DDCOD18-19 – Intersected a 1.40 m quartz vein intercept and a second 0.46 vein intercept

DDCOD18-18 – intersected a 1.54 m mineralized zone including 1.14m quartz vein intercept

DDCOD18-14 – intersected a 2.94 m mineralized zone including a 1.5m quartz vein intercept

 

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

 

The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver, BC. There the core will be analyzed for gold by Fire Assay and for 48 multi element Four Acid and ICP-MS. Quality control (QC) samples are being inserted at regular intervals.

 

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

 

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

To view the Original News release with pictures please go to the website or contact the company.

The company, as previously announced on April 6, 2018, wishes to remind all subscribers and finders from its private placement that took place during April, 2017, that the company has accelerated the term of these warrants to further finance its continuing drill program. The term of the 10-cent warrants associated with this placement may be accelerated in the event that the issuer’s shares trade at or above a price of 15 cents per share for a period of 10 consecutive days. In June of 2017, after the final closing announced on May 3, 2017, the shares of the company traded in this range. The warrants being accelerated at 10 cents are attached to the 7.5-cent private placement that took place in April, 2017. Warrantholders now have until May 7, 2018 to exercise their warrants, or they will be terminated.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

[email protected]

 

Investor Relations:                Mr. Jack Singh, 604-720-6598   [email protected]

 

“ We don’t have to do this, we get to do this ” 

The Crew  

 

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

 

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