Posted by AGORACOM-JC
at 6:46 AM on Wednesday, September 30th, 2020
Announced the signing of a two year partnership agreement with Valencia C.F., one of the biggest soccer clubs in the world and the winner of six La Liga titles, to provide its Augmented Reality Platform for fan activation and engagement
This historic agreement makes Valencia C.F. the first La Liga team to incorporate Augmented Reality for fan activation and engagement
Company believes there is a significant opportunity to expand its offering to further clubs in an effort to reach over 1.3 billion collective followers of La Liga players, 480 million collective followers of La Liga clubs and 82 million followers of La Liga itself across Twitter, Facebook, and Instagram channels.
VANCOUVER , BC and ERIE, Pa. , Sept. 30, 2020 – Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) (“ImagineAR” or “Company”) an Augmented Reality Company that enables sports teams, businesses and enterprises to instantly create their own AR mobile campaigns, is pleased to announce the signing of a two year partnership agreement with Valencia C.F., one of the biggest soccer clubs in the world and the winner of six La Liga titles, to provide its Augmented Reality Platform for fan activation and engagement. This historic agreement makes Valencia C.F. the first La Liga team to incorporate Augmented Reality for fan activation and engagement.
VALENCIA CLUB DE FUTBOL – WORLD RENOWNED CHAMPION FOR 101 YEARS
Valencia C.F., founded in 1919, is a Spanish professional football club which is one of the most supported football clubs in Spain and one of the biggest clubs in the world in terms of number of associates, including close to 7 million fans on social networks and across five continents.
They play in La Liga, the top professional football division in Spain and have played in the top league in Europe in 3 of the past 6 editions.
Valencia C.F. President Anil Murthy stated “With this unique season being played so far behind closed doors and without our fans, ImagineAR will allow us to keep our personal connection to them as strong as ever, thanks to their amazing mobile augmented reality. The resulting immersive experiences will create fun, energy and excitement that can be shared with other fans on all social media platforms. We are happy to be the first La Liga team to integrate ImagineAR into our digital communications platform.
Valencia C.F. Chief Digital Innovation Officer Franco Segarra stated “Over the last three years, Valencia C.F. has been working extensively on digital innovation in order to get closer to our fans and introduce unique experiences to the world of football. The recent launch of our ‘VCF Innovation Hub” demonstrates our commitment to adapting the newest and best of breed technologies to make our club stronger. We are excited to bring ImagineAR into our Hub as our Augmented Reality partner over the next 2 years and I look forward to delivering incredible fan engagement with them.”
VALENCIA C.F. GLOBAL REACH WILL CREATE INTERNATIONAL SOCCER VISIBILITY AND OPPORTUNITIES FOR IMAGINEAR
As part of the Agreement, ImagineAR will provide Valencia C.F. with with the IOS and Android SDK that fully integrates into their Mobile app. The ImagineAR SDK will provide Valencia with a back-office reporting tool for the club to generate valuable marketing intelligence and insights.
In addition to financial benefits of the Agreement, ImagineAR will receive significant exposure via the promotion and branding of of ImagineAR as follows:
Becoming an “Innovation Partner of Valencia C.F.” and member of the “VCF Innovation Hub”.
Our brand will be included in all official Valencia C.F communications in the “Innovation Partner” category.
Branding on U-Television system (LED system) for all LaLiga and Copa S.M. el Rey matches played in Valencia C.F’s Mestalla Stadium.
Branding in the internal TV broadcasts of Mestalla TV, at Mestalla Stadium, during each match of the National League Championships and S.M. del Rey Cup, as well as, friendly matches and institutional acts celebrated in the Mestalla Stadium, excluding finals, throughout the soccer season.
Branding on the official website of the club in the section dedicated to the “VCF Innovation Hub”
Branding within the social networks, newsletters and videos of the “VCF Innovation Hub”
One ImagineAR event in the facilities of the VIP Box at Mestalla Stadium.
Given the fact Valencia C.F is one of the most supported football clubs in Spain and one of the biggest clubs in the world in terms of number of associates, including close to 7 million fans around the world, the Company expects to enjoy an incredible level of visibility and success within the Valencia C.F Mobile app and social media properties, creating a high level of recognition from fans and teams across La Liga and all major soccer leagues around the world.
As the first La Liga club to partner with ImagineAR, the Company believes there is a significant opportunity to expand its offering to further clubs in an effort to reach over 1.3 billion collective followers of La Liga players, 480 million collective followers of La Liga clubs and 82 million followers of La Liga itself across Twitter, Facebook, and Instagram channels.
Alen Paul Silverrstieen, CEO of ImagineAR, stated “We are truly honored to be working with the legendary Valencia Club de Fútbol by delivering unmatched AR experiences to their massive global fan base. Their VCF Innovation HUB positions Valencia C.F as an international technology hub and we are very proud to be part of this great initiative by playing a critical role in connecting their players and fans in a historic period of time that forces them to be apart. The connections and immersive experiences made through the ImagineAR platform will be groundbreaking, making us very optimistic that this partnership will grow enormously in the next two years.”
Silverrstieen added “With respect to our Company, this is a major milestone that cannot be overstated. Valencia C.F is not only our first LaLiga partner, they are also our first professional sports team partner outside of the United States and opens the door to further global expansion at the highest level of sports. Our shareholders can take great pride in this achievement.”
This News Release is available on the company’s CEO Verified Discussion Forum , a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
About ImagineAR
Imagine AR Inc. (CSE: IP) (OTC: IPNFF) has developed ImagineAR.com; an “AR-as-a-Service” platform for desktops that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with videos, information, advertisements, coupons, 3D holograms and any interactive content, all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The ImagineAR.com mobile app is available in the IOS and Android mobile app stores. The platform is available as a native mode SDK.
All trademarks of the property of respective owners. ON BEHALF OF THE BOARD Alen Paul Silverrstieen President & CEO (818) 850-2490
We encourage you to do your own due diligence and ask your broker if Imagine AR Inc. (cse: IP) is suitable for your particular investment portfolio*. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release. This press release may include ‘forward-looking information’ within the meaning of Canadian securities legislation, concerning the business of the Company. The forward looking information is based on certain key expectations and assumptions made by Imagine AR’s management. Although Imagine AR 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 because Imagine AR can give no assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release, and Imagine AR 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.
Posted by AGORACOM-JC
at 4:23 PM on Tuesday, September 29th, 2020
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FULL DISCLOSURE: Kwesst Micro Systems Inc. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 8:33 AM on Tuesday, September 29th, 2020
Announced its Q4 2020 program for the River Valley Palladium Project near Sudbury, Ontario
Primary focus of the program is a Phase 1 of a multi-phase rhodium assay program designed to prove-up the world’s most valuable metal as a payable component of River Valley.
Chairman & CEO Harry Barr stated; “We have seen the price of rhodium run from $6,050 an ounce to a high of $13,800 this year and the company plans to investigate the potential economic metal credit that rhodium offers at River Valley
We know the project contains rhodium as evidenced by its presence in our latest Mineral Resource Estimate.
However, rhodium was not included as a payable metal in our 2019 Preliminary Economic Assessment (PEA), due to insufficient number of assays and limited metallurgical recovery information.”
The highest-grade rhodium assay is 0.873 g/t Rh for drill core from the Lismer North Ridge Zone
This potential metal credit may be significant at current pricing and our objective is to complete sufficient re-assaying and metallurgy to prove that rhodium could provide up to 5% of the Project’s payable metal package”.
September 29, 2020 – Rockport, Canada – New Age Metals Inc. (NAM) (TSXV:NAM);(OTC:NMTLF);(FSE:P7J) (“NAM” or the “Company”) NAM is pleased to announce its Q4 2020 program for the River Valley Palladium Project near Sudbury, Ontario. The primary focus of the program is a Phase 1 of a multi-phase rhodium assay program designed to prove-up the world’s most valuable metal as a payable component of River Valley. Chairman & CEO Harry Barr stated; “We have seen the price of rhodium run from $6,050 an ounce to a high of $13,800 this year and the company plans to investigate the potential economic metal credit that rhodium offers at River Valley. We know the project contains rhodium as evidenced by its presence in our latest Mineral Resource Estimate. However, rhodium was not included as a payable metal in our 2019 Preliminary Economic Assessment (PEA), due to insufficient number of assays and limited metallurgical recovery information. The Mineral Resource Estimation work completed to date shows over 25,000 ounces of rhodium in the Measured plus Indicated resource classification and an additional 20,000 ounces in the Inferred classification. The highest-grade rhodium assay is 0.873 g/t Rh for drill core from the Lismer North Ridge Zone . The first phase of the rhodium work will focus on the northern area of the Project, where initial production would potentially begin as determined in the 2019 PEA Study. This potential metal credit may be significant at current pricing and our objective is to complete sufficient re-assaying and metallurgy to prove that rhodium could provide up to 5% of the Project’s payable metal package”.
Rhodium Market
Rhodium (Rh), one of the six Platinum Group Metals, is a silver-white metallic element that is highly reflective and strongly resistant to corrosion. Rh’s primary use is in catalytic converters of automobiles, where it reduces the amount of nitrogen oxides (NOx) exhaust gases emitted into the atmosphere. In 2019, almost 90% of rhodium demand was from the auto-catalyst sector . Rh is a very special metal in terms of its performance in converting NOx into harmless gases, and will continue to be the metal of choice for the control of NOx .
Mined supply of Rh in 2019 was over 750,000oz and recycled supply was 315,000oz, resulting in a deficit of approximately 50,000oz. Rh supply is inelastic to demand for various reasons: Rh content in the earth’s crust is extremely rare, and the metal is mined as a by-product of platinum and palladium mining or nickel mining. There is no such thing as a primary Rh mine, and the major producers are all located in South Africa . South Africa produces over 85% of the global Rh supply annually, with majority of this supply being generated by the mining companies listed below (Rh production listed as a percentage of overall mining production):
Rhodium (Rh), the world’s most valuable metal (US$ 12,000/oz as of September 28, 2020), is present with palladium and platinum at the River Valley Deposit (Figure 1). However, the amount of existing Rh assays is relatively small and their spatial distribution limited, due to the high cost of assaying. The highest-grade rhodium assay is 0.873 g/t Rh for a core sample from the Lismer North Zone . Rhodium is included in the 2001, 2012, 2018 and 2019 Mineral Resource Estimates. Rhodium grades in the 2019 Mineral Resource Estimate (Table 1) are based on Rh assay data for 7,471 drill core samples and 2,641 channel samples, for a total of 10,112 assays. Of these, 8,268 core and channel sample Rh assays records are for the Dana North Zone, 1,338 core and channel sample Rh assay records for the Dana South Zone, and 506 core sample assays for the Lismer Zones: there are no Rh assays available in the database for the Pardo, Pine, Banshee, Lismer Ridge, Varley, Azen, and Razor zones . Clearly, the Rh assay data distribution is highly concentrated at Dana North. Furthermore, the rhodium mineral hollingworthite (Rh, Pt, Pd) AsS has been identified during mineralogical and metallurgical testwork studies of drill core from Dana North and Dana South. Although included in the 2019 Mineral Resource Estimate for the River Valley Palladium deposit, Rh was excluded in the 2019 Preliminary Economic Assessment as payable metal in the Net Smelter Return estimates.
In addition, a relatively small amount of additional Rh assay data (337 analyses) are available for core samples analyzed during an academic research project and for surface grab samples (158) assayed during exploration programs. The highest grades were 0.372 g/t Rh for the core and 0.309 g/t Rh for the surface grab samples. However, these data cannot be used directly for Mineral Resource Estimation purposes.
The Rhodium Assay Program for Q4 2020 is to be based on re-assaying available drill core samples for Rh. The drill holes to be sampled will be carefully selected from representative drill cross-sections of priority zones, primarily Pine Zone and possibly Dana South and Lismer North. Samples from mineralized core intervals above the lower cut-off grade and adjacent material are to be submitted to an appropriate laboratory for PGM assay with enhanced detection limits. In addition to Rh (and palladium platinum and gold), the minor PGM ruthenium (Ru) and iridium (Ir) will also be assayed. The Q4 2020 work will be Phase 1 of a multi-phase program . Pending results and progress, the follow-up phases of work will include more sampling and assaying and mineralogical and metallurgical testwork, in order to ultimately prove-up rhodium as a payable metal for the River Valley Project.
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Figure 1. The mineralized zones and current pit constrained Mineral Resource Estimates of the River Valley Palladium Deposit near Sudbury, Ontario. Source: NAM press release dated August 8, 2019.
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Click Image To View Full Size
Additional Activities for Q4 2020
Additional activities planned for Q4 regarding River Valley include environmental baseline studies, archaeological assessments, and development of new exploration targets for field validation and testing in 2021. The environmental baseline studies will involve a second round of surface water quality sampling and flow measurement. Exploration targeting will continue to focus on footwall mineralization, though at the Dana South Zone in addition to the Pine Zone-T3 target. The interior of the River Valley Intrusion will also be re-evaluated for the possibility of MT and gravity surveys to aid development of targeting models for contact-type PGM deposits.
About NAM
New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The Company has two divisions; a Platinum Group Metals division and a Lithium/Rare Element division. The PGM division includes the 100% owned River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario as well as the Genesis PGM Project in Alaska. The Lithium division is the largest mineral claim holder in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements such as tantalum and rubidium. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. The Company is actively seeking an option/ joint venture partner for its road-accessible Genesis PGM project in Alaska and for our Lithium division in Manitoba.
About the River Valley Palladium Project
The details of the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were announced in the press release dated August 9, 2019 and are described on NAM’s website. The pit constrained Updated Mineral Resource Estimate formed the basis of the PEA . At a cut-off grade of 0.35 g/t PdEq, the Updated Mineral Resource Estimate contains 2.867 Moz PdEq in the Measured plus Indicated classifications and 1.059 Moz PdEq in the Inferred classification. The PEA is a preliminary report, but it demonstrates that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium production. Refer to the NAM website (www.newagemetals.com) for details.
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Qualified Person
The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, P.Geo., a consulting geoscientist for New Age Metals. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forw ard-looking statements.
Posted by AGORACOM-JC
at 8:00 AM on Tuesday, September 29th, 2020
Entered into an agreement whereby Avicanna will develop certain hemp-derived cannabinoid-based products including sublingual and sustained released tablets intended for the sleep market for a US distributor
The agreement showcases Avicanna’s expertise in cannabinoid product development and drug delivery across several delivery mechanisms
TORONTO , Sept 29, 2020 – Avicanna Inc. (” Avicanna ” or the ” Company “) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), a biopharmaceutical company focused on the development, manufacturing and commercialization of organic and sustainable plant-derived cannabinoid-based products, is pleased to announce that it has entered into an agreement (the ” Agreement “) whereby Avicanna will develop certain hemp-derived cannabinoid-based products including sublingual and sustained released tablets intended for the sleep market ( the ” Development Products “) for a US distributor (” USCo “).
Under the Agreement, Avicanna will develop the intellectual property (the ” Development IP “) that forms the basis of the Development Products for a development fee. Based on the Development IP, USCo will manufacture, distribute and market the Development Products and will pay Avicanna an ongoing royalty payment based on the gross revenue of the Development Products. Avicanna will also have the opportunity to supply the cannabinoids for the manufacture of the Development Products.
Aras Azadian , CEO of Avicanna, commented: “We continue to demonstrate our advanced capabilities in formulation development, optimization and drug delivery for the cannabinoid industry which has utilities across CPG, adult use, medical and pharmaceutical applications. We also take pride in being selected by world class partners to provide our technology and intellectual property which in turn provides additional sources of revenue in the form of royalties.”
To the knowledge of the Company, it carries out its operations in compliance with all applicable laws in the jurisdictions in which it operates.
About Avicanna
Avicanna is a diversified and vertically integrated Canadian biopharmaceutical company focused on the research, development, and commercialization of plant-derived cannabinoid-based products for the global consumer, medical, and pharmaceutical market segments.
Avicanna is an established leader in cannabinoid research and development, which it primarily conducts at its R&D headquarters in the Johnson & Johnson Innovation Centre, JLABS @ Toronto, Canada and in collaboration with leading Canadian academic and medical institutions. In addition to its developing pharmaceutical pipeline, Avicanna’s team of experts have developed and commercialized several industry leading product lines, including:
Pura H&W™: an advanced and clinically tested line of CBD consumer derma-cosmetic products; and,
RHO Phyto™: an advanced line of medical cannabis products containing varying ratios of CBD and THC currently available nation-wide across Canada in partnership with Medical Cannabis by Shoppers™, a subsidiary of Shoppers Drug Mart. RHO Phyto is the first strictly medical formulary of advanced “Cannabis 2.0” products, containing oils, sprays, capsules, creams, and gels, all developed with scientific rigour, manufactured under GMP standards and supported by pre-clinical data.
With ongoing clinical trials on its derma-cosmetic (Pura H&W), medical cannabis (RHO Phyto) and a pipeline of pharmaceutical products, Avicanna’s dedication to researching the important role that cannabinoids play in an increasingly wider scope of products has been at the core of the Company’s vision since its inception. Furthermore, Avicanna’s commitment to education is demonstrated through its annual medical symposium, the Avicanna Academy educational platform, and the My Cannabis Clinic patient program through its subsidiary company.
Avicanna manages its own supply chain including cultivation and extraction through its two majority-owned subsidiaries, Sativa Nativa S.A.S. and Santa Marta Golden Hemp S.A.S., both located in Santa Marta, Colombia. Through these sustainable, economical, and industrial scale subsidiaries, Avicanna cultivates, processes, and commercializes a range of cannabis and hemp cultivars dominant in CBD, CBG, THC, and other cannabinoids for use as active pharmaceutical ingredients. Avicanna’s Avesta Genetica program specializes in the development and optimization of rare cultivars for commercial production along with feminized seeds for global export. In June 2020, Avicanna made history with a shipment of hemp seeds to the United States of America by completing the first ever export of hemp seeds from Colombia.
Stay Connected
For more information about Avicanna, visit www.avicanna.com , call 1-647-243-5283, or contact Setu Purohit , President by email at [email protected] .
Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information contained in this press release may be identified by the use of words such as, “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and other similar expressions, and includes statements with respect to the ability of Avicanna or USCo to perform under the Agreement, the ability of the Company to develop the Development IP to form the basis of the Development Products, the ability of USCo to manufacture and distribute the Development Products, and the ability of the Company to supply the cannabinoids to be used in the manufacture of the Development Products. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors relevant in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment; and the availability of licenses, approvals and permits.
Although the Company 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 because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. Such risks and uncertainties include, but are not limited to current and future market conditions, including the market price of the common shares of the Company, the delay or failure to receive regulatory approvals, and the risk factors set out in the Company’s annual information form dated April 15, 2020 , filed with the Canadian securities regulators and available under the Company’s profile on SEDAR at www.sedar.com .
The statements in this press release are made as of the date of this release. The Company disclaims any intent or obligation to update 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.
Posted by AGORACOM
at 2:07 PM on Monday, September 28th, 2020
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The company plans to offer a $25,000 vehicle in three years, officials say.
Tesla has announced new, internally-produced batteries for its electric cars, signaling a major shift from the automaker that, if successful, could significantly reduce the cost of electric vehicles.
“I think it’s the way all electric cars in the future will be made,” said CEO Elon Musk at Tesla’s “Battery Day” event outside its production facility in Freemont, California, on Tuesday.
Tesla’s new battery cell features a “tabless” design, which the company claims will provide five times the energy, six times the power, and 16% more range compared to its old battery cell.
The company’s current vehicles use batteries sourced from suppliers like Panasonic, where the energy stored in the battery pack is transferred to the car’s drivetrain via a conductive metal tab.
The new battery pack accomplishes the same thing by using a design that integrates a series of small bumps and spikes, which the company hopes will eliminate the need for a tab, and consequently drive down costs and production time. Musk tweeted the tech is “way more important than it sounds,” after the patent was approved back in May.
Courtesy of Tesla Elon Musk conducts Tesla’s “Battery Day” event outside its production facility in Freemont, Calif., S… Elon Musk conducts Tesla’s “Battery Day” event outside its production facility in Freemont, Calif., Sept. 22, 2020.
“This is not just a concept or a rendering; we are starting to ramp up manufacturing of these cells at our pilot ten gigawatt-hour production facility,” said Drew Baglino, Tesla’s Senior Vice President, Powertrain and Energy Engineering.
Tesla also said the new batteries would be 56% less expensive to manufacture and are being developed entirely in-house.
“They own the whole widget,” said Car and Driver Senior Editor of Technology Roberto Baldwin, “which is what gives them the ability to control every aspect, and to tweak as much efficiency as they can out of everything — out of their batteries, out of their motors, out of their inverters.”
Tesla’s investment in its own battery technology doesn’t mean it’s ramping down partnerships with other battery producers, Musk said. In a tweet prior to Tuesday’s event, the CEO said the company plans to “increase, not reduce battery cell purchases from Panasonic, LG & CATL (possibly other partners too.)” He also said the company is predicting shortages in battery cells from those suppliers and is ramping up in-house efforts to mitigate those shortfalls.
Musk said during the event that Tesla is planning to produce 100 gigawatt-hours of battery cells per year by 2022, and three terawatt-hours of cells per year by 2030.
“It allows us to make a lot more cars and a lot more stationary storage,” he said.
Bringing down the cost of battery production is part of Tesla’s plan to eventually sell 20 million vehicles annually — about fifty times more than they sell now, the company said.
“I think twenty million is doable,” said Car and Driver’s Baldwin. “As long as they can continue to grow, and continue to invest and sort of stay ahead of everyone.”
Justin Sullivan/Getty Images Tesla Superchargers charge vehicles in Petaluma, Calif. on Sept. 23, 2020. Tesla Superchargers charge vehicles in Petaluma, Calif. on Sept. 23, 2020.
Part of that 20 million vehicle goal will come from a Tesla model the company is planning to sell for $25,000, expected to be available in about three years. The car, which would undercut Tesla’s current Model 3 sedan as the brand’s cheapest vehicle, would be fully autonomous, Musk said.
“It was always our goal to try to make an affordable electric car,” said Musk.
Musk said that while production on the new batteries is underway, it will take between a year and 18 months to fully ramp up production, and even longer for the technology to show up in actual vehicles.
However, “Tesla has repeatedly set timetables and timelines, and then they’ve missed them,” said Baldwin.
The Model 3 faced significant delays as the company ramped up production in 2017. Since the start of the coronavirus pandemic earlier this year, Tesla has also pushed back planned releases for its “Semi” truck and “Roadster” sports car. But Baldwin says the company is making improvements, noting that the Model Y crossover was released ahead of schedule.
“On the one hand, they’re taking all the learnings they’ve gotten over the past ten, twelve years, and they’re using that to make their batteries better,” Baldwin said. “But there’s still the potential this could be delayed another year, another four years.”
Tesla’s battery announcement comes at a time of increased competition in the electric vehicle market. Earlier this month, Lucid, an EV startup founded by the former head of engineering for Tesla’s own Model S sedan, unveiled an electric sedan called the Air, with a claimed 503 miles of range. General Motors’ “Ultium” battery pack, which the company unveiled earlier this year, is set to underpin 13 new electric vehicle models across four brands, starting with a new “HUMMER” pickup truck.
Volkswagen also says it plans to produce 1.5 million EVs annually by 2025, and unveiled the ID4, an electric crossover SUV that’s expected to have 310 miles of range, on Wednesday.
Posted by AGORACOM
at 12:52 PM on Monday, September 28th, 2020
Signed the Definitive Agreement to earn up to a 100% interest in the San Dieguito de Arriba beneficiation plant
VANCOUVER, British Columbia, Sept. 28, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to advise that the Company has signed the Definitive Agreement (in keeping with the Memorandum of Understanding (“MOU”) signed April 28 th , 2020) with Magellan Acquisition Corp. (“Magellan”) which gives Candente Gold the right to earn up to a 100% interest in the San Dieguito de Arriba beneficiation plant (“SDA Plant”) and take over their rights to a lease agreement on the El Dorado Property, both located in Nayarit State, Mexico.
SDA Plant
The SDA plant consists of a flotation plant which also includes a precious metals leach circuit – Merrill Crowe system and associated assets, licenses and agreements. The plant has a ten year operating history at 100 tonnes per day but can be expanded to process mined material at a rate of up to 200 tonnes per day. Historically its operation has been based on sales of flotation concentrates to smelters, and payment for precious metals content. The plant lies within the rich Sierra Madre Occidental mineralized belt, which historically has yielded millions of ounces (“oz”) of precious metals and offers multiple high grade gold and silver epithermal vein opportunities.
The mill was operational from 2007 (by Minerales Vane S.A. de C.V.) until April 2017, processing material from various operations in the region on a both a profit sharing and toll basis. The toll materials were tested prior to processing to estimate recoveries and concentrate grades. Typical reported recoveries were in the range 85 to 92% for gold and 72 to 77% for silver. The mill operated as recently as February 2019 for processing of a bulk sample of approximately 600 tonnes. Due Diligence uncovered the requirements for usual wear and tear maintenance estimated at $95,000 to restore the mill to functional condition in order to receive and run a 1,000 tonne bulk sample from El Dorado. The Company has initiated discussions for potential lines of credit facilities with offtake groups.
El DoradoGold-Silver Project
The El Dorado Gold-Silver Project is located in the Pacific Coastal Plain, State of Nayarit, within a district of epithermal vein systems which is known to host high grade gold and silver in several veins. The El Dorado vein trend is the principal vein system within the property covering an area of 5 km x 3.5 km in size. Veining follows a general northeasterly strike dipping steeply to the NW. A continuous reef outcrop forms a ridge 1.5 kilometers (“km”) in length. Additional discontinuous outcrops both to the NE and SW indicate a strike length of 3.5 km.
The El Dorado vein system has a history of small-scale mining from two veins. Mining in the area has been documented during the periods of: 1900 to 1927; 1965 to 1975; 1975 to 1983; and 1985 to 1990, often producing direct-to-smelter grade material. Most recently, from 1985 to 1990, material from three levels to a depth of 30 meters (“m”) below the surface was shipped to the “El Venado” processing plant located near Ruiz, Nayarit, for toll treatment to produce a flotation concentrate. Historical metallurgical balance sheets from this plant indicate the grade of the material was in the order of 5 grams per tonne (“g/t”) gold and 70 g/t silver.
Prospero Silver Corp. explored the El Dorado property between 2010 and 2011, through a series of comprehensive exploration programs which included historical data reviews, geological mapping, geochemical sampling, trenching and drilling. A total of 4,950 m were drilled in 28 diamond core holes to an average depth of 150 m, over a strike length of 440 m. The drilling intersected multiple steeply-dipping silicified mineralized zones extending from near-surface to the 150 metre drilled depth.
Significant results reported by Prospero on Dec 10, 2010 ( https://pr.globenewswire.com/FileDownloader/DownloadFile?source=ml&fileGuid=83e6aacd-f015-48bc-af52-1e3f95cf6d9b ) included 16.17 meters grading 4.03 g/t gold, 204 g/t silver, 4.0% lead, and 1.75% zinc; and 2.32 meters grading 6.04 g/t gold and 140 g/t silver. The range of widths and grades of the holes within the central portion of the Hundido historical mine area were reported to range from 1.45 meters to 11.22 meters (true widths). The Company’s Qualified Persons have not verified Prospero’s drilling results as due to COVID travel restrictions, they have not yet been able to examine the drill core nor assay data and are therefore relying on data provided in News Releases filed on Sedar by Prospero in 2010 and 2011 and verified by their Qualified Persons.
Prospero also reported that the mineralized zone is 400 meters long and extends up to 180 meters at depth. Within the mineralized zone Prospero intersected grades ranging from 3.0 to 40.0 g/t Au and 57 to 500 g/t Ag over true widths that range from 0.52 meters to 11.2 meters.
To the Company’s knowledge, a NI 43-101 compliant mineral resource estimate has not been completed for the El Dorado property, however in July 2011, Prospero conducted an in-house historical resource estimate based on their drilling described above as well as a review of summary cross sections, limited production documentation and other mine records, as well as results from samples of mine dumps, underground sampling (46 by Fresnillo) and 283 surface outcrop samples collected by both Prospero and previous explorers and exploiters.
Candente Gold believes that Prospero’s Qualified Person (“QP”) is very well qualified and that the parameters used to arrive at the historical resource estimate are relevant and reliable, however the categories used in the estimate do not appear to be compliant with CIM Definition Standards. The Company’s QP cannot verify that a qualified person has done sufficient work to classify the historical estimates as current mineral resources and therefore the Company is not treating the historical estimates as current mineral resources. Historical reviews of the potential tonnes and the potential grades quoted below are conceptual in nature.
Prospero’s historical resource estimate was calculated using polygonal resources in 10 blocks based on intersections from 10 holes covering/in the Hundido and Intermedia Veins, using a tonnage dilution factor of 25% and a specific gravity of 2.8. Metal equivalencies were based on a gold price of US$1,000 per ounce (“oz”) and a silver value of US$20 per ounce.
Prospero’s historical estimate for the Hundido and Intermedia Veins is 190,000 tonnes grading 7.0 g/t gold and 173 g/t silver containing a historical resource of 40,926 oz gold and 1,014,030 oz silver. The grades and tonnages attributable to each vein are as follows:
HISTORICALESTIMATE/MINERALIZATION INDICATED BY DRILLING
Vein
True Width m
Tonnes
GoldEquivalentg/t
Hundido
2.3
89,000
7.01
Intermedia
8.3
91,000
15.17
Notes:
1. Polygonal resources based on intersections from 10 holes.
2. Tonnage reduced by 25% to allow for mining dilution and recovery loss.
3. Does not constitute Reserves under SEC Industry Guide 7 nor Resources under current CIM Definition Standards
Based on all of the existing exploration data and previous historical resource estimates to date the Company believes that a Conceptual Exploration Target within 150 metres of surface has potential for: 110,000 to 200,000 tonnes of material grading from 4.4 to 9.8 g/t gold and 113 to 239 g/t silver containing between 22,500 and 41,000 oz gold and 500,000 to 1,000,000 oz silver, with secondary credits from lead and zinc. This in-situ conceptual estimate of the potential tonnes and grade is contained in unmined portions of the veins as previously delineated. It does not include vertical extensions of the veins below 150 m nor along strike where the veins have been mapped for 3.5 km nor additional exploration potential. The potential quantity and grade described above is conceptual in nature, that there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
Significant data compilation, re-drilling, re-sampling and data verification may be required by a Qualified Person for the Company before the intersection widths and grades can be verified to be compliant with current NI 43-101 standards. The Company’s QP has not done sufficient work to verify the above-mentioned intersections.
In addition to the data described above, exploration potential outside of the area of historical mining and Prospero’s drilling is believed to be excellent based on the 3.5 km strike length of the vein structures as indicated by vein outcroppings, argillic alteration and silicification. Along this trend, potential exists for both high-grade veins and lower-grade bulk tonnage stockwork zones that have been observed to extend over tens of meters in width in both the hanging wall and footwall of the El Dorado vein system (“Magellan Gold Corporation, Form 10-K Annual Report US SEC dated Dec 31, 2018, File No. 333-174287”) ( https://pr.globenewswire.com/FileDownloader/DownloadFile?source=ml&fileGuid=f7eae2de-c9e8-4748-9f41-78d2cd4ca914 ). Both the northeasterly striking as well as east-west striking splits of the main structure exhibit structural complexity and potential for multi-meter wide precious metal mineralization. Anomalous base metal assays (100’s to 1000’s of parts per million lead, zinc and copper) are ubiquitous as evidenced by the common occurrence of visible galena, sphalerite and chalcopyrite in outcrop and dumps.
El Dorado lies 50 km south of the SDA Plant, 70 km north-northwest of Tepic, the state capital, and 180 km southeast of Mazatlan, Sinaloa. The project has excellent road and rail infrastructure.
Terms of the Agreement
Candente Gold has the Option to earn up to a 100% interest in the Plant and assume the Lease Agreement to the El Dorado Property by making staged payments in shares totalling a value of US$1.425 million over 30 months as well as $5,000 on signing the MOU and 5,000,000 shares on signing the Definitive Agreement and obtaining TSXV approval. Share values are to be calculated using a 30 day VWAP. The Company also has the option to earn a partial interest in the plant and pay Magellan Acquisitions a fee for usage based on percentage owned. (See News Release No. 077 dated April 28 th , 2020 for more details)
Candente Gold also has the right to assume the rights and obligations of a Lease Agreement Magellan Acquisitions had with the owner of the El Dorado Ingenieros Mineros, S.A. de C.V. (“IMSA”). Candente Gold has the right to explore and exploit form the El Dorado property while IMSA retains a negotiable NSR of 3.5% and is obligated to either perform US$20,000 of work on the property in 2020 and $25,000 in 2021 or make payments of US$5,000 per quarter.
About Candente Gold
Candente Gold has launched a comprehensive growth strategy to build a cash flowing business platform and gaining access to properties with near surface exploration potential while maintaining El Oro as its flagship asset and an integral part of the overall growth strategy. The acquisition of the SDA Plant and the El Dorado historic mines signifies an important first step. The Company is currently evaluating other properties that are complimentary to the SDA plant and El Dorado Property.
The recently announced profit-sharing agreement on the Cocula Property in Jalisco affords Candente the opportunity to establish a second production center in Western Mexico. Whereas the target properties to provide feed for the SDA plant are dominantly underground targets, the Cocula Property hosts near surface, gold-silver-lead which may be amenable to open pit mining and either leaching or flotation, bringing an element of diversification the Western Mexico operations.
El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref.Mexico Geological Service Bulletin No. 37, Mining of the El Oro andTlapujahuaDistricts. 1920, T. Flores*)
Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres.
Joanne Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations and Director, are Qualified Persons as defined by National Instrument 43-101 for the project discussed above. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.
On behalf of the Board of Candente Gold Corp. “Joanne Freeze” P.Geo. President, CEO and Director
For further information please contact: Joanne Freeze President & CEO Tel: + 1 (604) 689-1957 [email protected]
Posted by AGORACOM
at 8:47 AM on Monday, September 28th, 2020
iMicrodose Packs powered by Red Light Holland are expected to be available early October 2020
Creating a iMicrodose Media Information Centre (“iMIC“) in Super Smart’s Tiel location, expected to be ready before the end of 2020
Toronto, Ontario–(Newsfile Corp. – September 28, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (“Red Light Holland” or the “Company“), an Ontario-based corporation positioning itself to engage in the production, growth and sale of its brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to announce their iMicrodose Packs (“iMicrodose Packs“) powered by Red Light Holland are expected to be available early October 2020 in PharmaDrug Inc.’s (“PharmaDrug”) wholly-owned subsidiary Interrobang Ltd.’s (doing business as Super Smart) (“Super Smart“) store in Tiel, The Netherlands, as Red Light Holland has reached a distribution agreement with Super Smart.
Red Light Holland has also reached an agreement with Super Smart to build and set up an iMicrodose Media Information Centre (“iMIC“) in Super Smart’s Tiel location, expected to be ready before the end of 2020.
“Super Smart’s vision and iMicrodose’s vision truly align,” said Todd Shapiro, CEO and Director of Red Light Holland. “Both companies are focused on educating, informing and modernizing the psychedelic industry within the Netherlands. We are very excited to soon have another store where our product is sold to expand our exposure and marketplace. Equally as important, we are proud to set up our first iMicrodose Media Information Centre – iMIC – where we plan on eventually providing Super Smart with our Virtual Reality Headset where consumers can truly learn about our iMicrodose packs and the origins of the product, as well as hope to receive important customer feedback, as we want to give all consumers a voice for important information gathering and responsible-use feedback via our planned iMIC activation.”
“Red Light Holland has definitely already taken initial steps to modernize the industry, in the Netherlands, and we are so pleased to reach an agreement to house their responsible use product in our Tiel, Location, expected in Early October, 2020,” added Dan Cohen, CEO of PharmaDrug. “Together we want to elevate the industry, educate consumers and intelligently target all Adult Demographics for potential increased sales via new customers with an informational, technological and modern approach.”
Super Smart’s Tiel location is located in Central Netherlands and is the only smart shop within a 75 kilometre radius. iMicrodose Packs powered by Red Light Holland are expected to be in Smart Shop’s Tiel store in October, 2020.
About Red Light Holland Corp.
The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal, recreational market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
Posted by AGORACOM-JC
at 7:10 AM on Monday, September 28th, 2020
Announced short form agreement to grant Austin, TX based startup CasaPerks LLC a non-exclusive license to use various aspects of Loop’s technology in return for $1,930,000 in cash and shares
CasaPerks is a property technology, or “proptech”, startup from Austin, Texas
As part of this multi-pronged approach, CasaPerks will provide both reward (i.e points) and fintech layers (i.e. car payments) that will require the artificial intelligence capabilities of Loop to optimize and maximize a target market that includes 79.5 million renters in 14.1 million units
VANCOUVER, BC , Sept. 28, 2020 – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated contact tracing to the brick and mortar space, is pleased to announce the signing of a short form agreement to grant Austin, TX based startup CasaPerks LLC (“CasaPerks”) a non-exclusive license to use various aspects of Loop’s technology in return for $1,930,000 in cash and shares.
CASAPERKS SOLUTION FOR THE PROPTECH MARKET COMBINED WITH LOOP ARTIFICIAL INTELLIGENCE CREATES POWERFUL, DISRUPTIVE OFFERING
CasaPerks is a property technology, or “proptech”, startup from Austin, Texas . Proptech is a very fast-growing space and CasaPerks is on its cutting edge, creating a multi-pronged solution specifically for the commercial real estate industry. For the property operator, CasaPerks will help drive revenues and significantly reduce costs, while for the resident it will greatly enhance the overall living experience.
As part of this multi-pronged approach, CasaPerks will provide both reward (i.e points) and fintech layers (i.e. car payments) that will require the artificial intelligence capabilities of Loop to optimize and maximize a target market that includes 79.5 million renters in 14.1 million units. Loop Technologies included in the license are as follows:
AI Data Insights Portal;
Smartapp Check-in technology;
Digital Wallet Pass Technology
Loop Insights CEO Rob Anson stated, “I am very excited about the path and direction of CasaPerks, which is led by Kevin Bradt , whose track record of success speaks for itself. CasaPerks’ major disruptive strategy, which now creates a return on rental investment, is a major paradigm shift in the entire sector’s core value proposition. Combined with our AI & Big Data Solutions, CasaPerks’ loyalty rewards and Fintech will result in a very powerful product offering. COVID-19 has accelerated the necessity for mobile commerce in every vertical, and CasaPerks is now set to quickly become the new standard for the industry.”
DISRUPTIVE OFFERING PROVIDES MASSIVE POTENTIAL UPSIDE AS “PROPTECH” GROWS UNDER COVID-19
The last couple of years have seen the emergence of proptech, which is applying information technology and platform economics to streamline and modernize the cumbersome process of browsing, building, and transacting in real estate.
In 2019 alone, upwards of $16 billion USD in venture capital flowed into proptech startups (according to data from Crunchbase and Pitchbook), clearly demonstrating that VC’s “are turning to proptech for returns and disruption on a global scale”.
The advent of COVD-19 has only further accelerated the need for proptech applications from Hedge Funds, Pension Funds and owners who have seen significant disruption in their investments and look to new revenue models and opportunities.
LICENSING AGREEMENT CREATES “A.I. PROPTECH” FOR GLOBAL SCALE
The CasaPerks platform infused with Loop Insights technology represents the dawn of Artificially Intelligent property technology that delivers an entirely new experience to users while providing investors and owners with multiple areas to create value.
Moreover, the offering will provide major brands with unparalleled data and direct access to the CasaPerks user base, including renowned brands in grocery, finance, fast food, internet, and entertainment.
The combination of CasaPerks and Loop is expected to create lucrative revenue models based on known user profiles thanks to robust granular insights based on real-time engagement, spend and future needs, leading to significant impacts on:
ARPU Average Revenue Per User
ARPL Average Revenue Per Location
Kevin Bradt , CEO of CasaPerks, stated, “Our strategy at CasaPerks is to build a robust platform with best-in-class partnerships throughout our entire ecosystem. Loop’s technology is very impressive and provides us with significant additional layers to our core technology that will prove to be extremely valuable. Our vision is to expand CasaPerks from a regional offering to a national footprint and then eventually achieving global scale.”
TERMS OF THE AGREEMENT
The following are the material terms of the agreement between Loop and Casa Perks:
Loop will license the following Loop technology:
AI Data Insights Portal;
Smartapp Check-in technology;
Digital Wallet Pass Technology
In exchange for the license, Loop will receive a total value of $1,930,000 USD in a combination of both:
Cash $250,000
Stock $1,680,000 (6,720,000 shares X $0.25 /share)
Both parties have agreed to a 60-day closing period for a definitive agreement, the terms of which are subject to Loop Board of Directors Approval.
This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A at:
About CasaPerks : CasaPerks is changing the way people choose and enjoy apartments. The company is in the fast-growing property technology, or “proptech”, sector serving the multifamily industry. Its multi-pronged platform includes an innovative rewards and concierge suite that offers multifamily owners and operators the opportunity to build tailor-made customer attraction, activation, and retention programs. CasaPerks is headquartered in Austin, TX. For more information, visit www.casaperks.com .
About Loop Insights : Loop Insights Inc. is a Vancouver -based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada , the US, the UK, Latin America , Australia , Japan , and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
Forward-Looking Statements/Information:
This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
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.
