Posted by AGORACOM-JC
at 7:22 AM on Friday, April 17th, 2020
Empower Clinics closes private placement of $653,000.00 to support the Company growth plan and goes live with physician based immune boosting tele-medicine consultations with online professional supplement dispensing
Recently announced digital health initiative, has added physician based tele-medicine consultations to address immune system boosting requirements for existing patients and new patients, on a nationwide basis
The Company clinics have also seen a 480% increase in patient visits in the first half of April 2020
VANCOUVER, BC / April 17, 2020 / EMPOWER CLINICS INC. (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) (“Empower” or the “Company”), a vertically integrated life sciences company, is pleased to announce the closing of its non-brokered private placement of an aggregate of 16,325,000 units of the Company (each, a “Unit”) at a price of $0.04 per Unit for gross proceeds of $653,000.00 (the “Offering”).
The proceeds of the Offering are expected to be used by the Company for general working capital and corporate purposes.
The Company, as part of the recently announced digital health initiative, has added physician based tele-medicine consultations to address immune system boosting requirements for existing patients and new patients, on a nationwide basis. The Company clinics have also seen a 480% increase in patient visits in the first half of April 2020.
“Securing additional capital provides our Company more flexibility to support our staff and patients, during such a difficult time in history”, said Steven McAuley, Chairman & CEO. “We are hiring physicians and administrative staff right now to meet patient demand and adding technology resources to ensure our new services are available nationwide.”
In addition, our network of physicians will now be able to dispense over 250 premium supplement products to support patients’ needs, through a new online Sun Valley Health supplement store.
“Our new telemedicine platform is extremely robust, giving us the opportunity to provide a variety of modalities to our patients.” said Dustin Klein, Director and SVP Business Development. “We are focused on helping patients boost their immune systems and reduce stress and anxiety that may arise with isolation and social distancing.”
Each Unit is comprised of one Share and one Warrant, with each Warrant exercisable into one Warrant Share at an exercise price of $0.10 per Warrant Share for a period of two years following the Closing.
The Units, and the underlying Shares, Warrants and Warrant Shares (collectively, the “Securities”), are subject to restrictions on resale under applicable Canadian securities laws for a period of four months and one day from the closing of the Offerings. None of the Securities have been or will be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would require registration or otherwise be unlawful.
ABOUT EMPOWER
Empower is a vertically integrated health & wellness company operating a network of physician-staffed wellness clinics, focused on helping patients improve and protect their health, through innovative physician recommended treatment options. The Company has its first hemp-derived CBD extraction facility under development, to produce proprietary lines of cannabidiol (CBD) based products to distribute through company owned and franchised clinics, wholesale partnerships, online channels and developing retail channels nationwide in the U.S.
For French inquiries: Remy Scalabrini, Maricom Inc., E: [email protected], T: (888) 585-MARI
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively “forward looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include statements regarding; the Company’s intention to open a hemp-based CBD extraction facility, the expected benefits to the Company and its shareholders as a result of the proposed acquisitions and partnerships; the effectiveness of the extraction technology; the expected benefits for Empower’s patient base and customers; the benefits of CBD based products; the effect of the approval of the Farm Bill; the growth of the Company’s patient list and that the Company will be positioned to be a market-leading service provider for complex patient requirements in 2019 and beyond. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including; that the Company may not open a hemp-based CBD extraction facility; that legislative changes may have an adverse effect on the Company’s business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed acquisitions and partnerships; and other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.
Tags: CBD, CSE, edibles, Hemp, Marijuana Posted in All Recent Posts, Empower Clinics Inc. | Comments Off on Empower Clinics $CBDT.ca Announces Closing of Private Placement the Launch of Immune System Tele-Medicine Services and Patient Visits Up 480% $WEED.ca $CGC $ACB $APH $CRON.ca $OGI.ca
Posted by AGORACOM-JC
at 6:02 PM on Thursday, April 16th, 2020
SPONSOR: NORTHBUD (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. The company recently received Canadian Cultivation Licence for its Quebec Facility. Learn More.
Ontario online pot orders hit high, keep steady amid coronavirus-related stockpiling
Data provided by the Ontario Cannabis Store showed daily online orders hovered in the mid-2,000 range for the first half of last month, tripling when Canada moved to restrict U.S. border access and spiking to a high of nearly 14,000 when Ontario announced pot shops would be a non-essential business, requiring their temporary closure.
Ontario online pot orders hit high, keep steady amid coronavirus-related stockpilingÂ
Cannabis stockpiling in Ontario led to some heavy sales last month, and early signs show that the demand may be sticking around. Data provided by the Ontario Cannabis Store showed daily online orders hovered in the mid-2,000 range for the first half of last month, tripling when Canada moved to restrict U.S. border access and spiking to a high of nearly 14,000 when Ontario announced pot shops would be a non-essential business, requiring their temporary closure. Two weeks later, daily sales have held steady around the 9,000 level, almost five times the amount made prior to the start of the pandemic. While it may be too early to really gauge how COVID-19 will impact legal cannabis sales over the long term, the OCS numbers provide a highly precise glimpse at how people are consuming cannabis during the pandemic.
Posted by AGORACOM
at 2:17 PM on Thursday, April 16th, 2020
SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Recently acquired 14km of the potential extension of the new discovery by New Found Gold’s Queensway project to the south.Click Here for More Info
Gold extended its rally to hit the highest in more than seven years on concern that the coronavirus pandemic will have a deep effect on the global economy, hammering corporate earnings while supercharging demand for havens.
Futures in New York moved closer to US$1,800 an ounce, a level last seen in 2011. Spreads between futures and spot prices remain wide, suggesting thinner liquidity, which is further exacerbating price dislocation.
“Liquidity conditions are challenging and market participants are understandably cautious,†Joni Teves, a strategist at UBS Group AG, said Tuesday in a note. “Gold’s journey has been quite bumpy so far, but given the macro backdrop we think the destination remains higher.â€
Bullion has soared this year as the global heath crisis tipped economies toward recession and spurred central banks to launch huge stimulus measures. Since last month’s wave of forced selling, as equities sank, gold has staged a recovery.
Comex gold futures for June delivery climbed as much as 1.6 per cent to US$1,788.80 an ounce, the highest for a most-active contract since October 2012. The metal rose 0.4 per cent to settle at US$1768.90 at 1:30 p.m. in New York. Spot gold was more than US$30 cheaper at US$1,737.20, with the spread a feature of trading in recent weeks amid physical market disruptions.
Futures pared earlier gains as “there’s a little bit of a move on volatility, and equities turned around a bit, and what we might be seeing is that people are locking in what they’ve gained on gold here,†Bart Melek, head of commodity strategy at TD Securities, said by phone.
Overall, gold still has room to run, according to Hans Goetti, founder and chief executive officer of HG Research.
“What’s happening here is that the Fed is expanding its balance sheet and every other central bank in the world is doing the same,†he told Bloomberg TV. “What you’re looking at is massive currency debasement in the long term. That’s the major reason why gold is higher, and I would think that over the next few weeks or months, we’re probably going to retest the high that we saw in 2011.â€
The Federal Reserve’s massive U.S. monetary program and the fiscal stimulus “could see long-end rates rise during the recovery phase, but not without rising inflation expectations, which should keep real rates suppressed,†TD Securities analysts said in an emailed note. “In this context, we suspect that investment demand for gold will continue to rise as capital seeks shelter from a long-term environment in which real rates are negative.â€
Negative real rates boosts the appeal of non-interest-bearing bullion.
Gold’s latest upswing has come even as risk sentiment received a boost after China’s trade data beat estimates, while the pace of coronavirus infections has slowed in some countries, with the focus shifting toward how lockdowns can be eased. President Donald Trump said he has “total†authority to order states to relax social distancing and reopen their economies.
Worldwide holdings in bullion-backed exchange-traded funds have ballooned to a record on rising demand, with investors seeking additional portfolio protection. On Monday, volumes in SPDR Gold Shares, the largest such fund, surged above 1,000 tons to the highest since mid-2013.
In other precious metals, silver futures also advanced on the Comex, while platinum and palladium gained on the New York Mercantile Exchange.
Posted by AGORACOM
at 9:16 AM on Thursday, April 16th, 2020
Affinity Metals Corp. (TSXV: AFF) (“Affinity”) (“the Corporation”) is pleased to release assay results from the late fall drill program conducted on the Regal property encompassing 8,800 hectares of the northern end of the prolific Kootenay Arc approximately 25 km northeast of Revelstoke, British Columbia, Canada.
Along with numerous high grade intercepts in multiple holes, a significant new silver discovery was made in the ALLCO area with drill hole #10 intersecting 11.10 meters of 143.29 g/t silver including 0.55 meters of 2612.0 g/t silver. This intersection also carried high grade zinc and lead with some copper.
A total of 1,846.35 meters of diamond drilling was completed with 21 holes being drilled.
The drilling was divided over two separate target areas with 10 holes from two separate drill pads allocated to testing two areas within a graphitic argillite/limestone contact in the ALLCO area. Mineralized intersections encountered within the ALLCO area drill core consisted mostly of argentiferous galena, sphalerite and tetrahedrite hosted within quartz veins and breccias along a northwest-southeast fault that separates the limestones from the argillites.
A further 11 preliminary confirmation holes were drilled from a single drill pad designed to begin testing the underground structure associated with the historic 1971 resource (pre NI43-101 and therefore not compliant) reported for the past producing Regal/Snowflake mines. The Regal mine is located within moderately to gently, westerly dipping, graphitic phyllites/argillites of the lower Index Formation. Mineralization, hosted in quartz veins concordant with host rocks, consists of pyrite, galena, sphalerite, and locally with scheelite (lower levels), stannite (upper levels), and trace chalcopyrite/tetrahedrite throughout. Sulphides occur either as disseminations in the quartz, or as massive pods or bands parallel with slatey partings.
Robert Edwards, CEO of Affinity stated: “We are extremely encouraged to see such positive assay results from the 2019 drilling, our first drill program on the property. Our expectations were that the assays would show strong mineralization given what we have seen from our prior surface sampling program and the historical production grades, but to find this new 11 meter silver zone is truly exciting! These results set the backdrop for our 2020 exploration program which will target not only this new silver discovery but even more importantly, the two very large anomalies identified by the geophysics that may be the core deposits associated with all this surrounding mineralization. 2020 should be a very exciting year for Affinity.”
Significant intervals from the drill program are presented below:
ALLCO
Hole No.
From (m)
To (m)
Interval (m)
Ag g/t
Cu %
Pb %
Zn %
RP-19-01
28.67
29.09
0.42
106.00
0.06
0.33
0.01
RP-19-01
105.00
106.00
1.00
28.72
0.10
0.05
0.09
RP-19-03
48.70
48.77
0.07
171.00
0.05
1.24
0.46
RP-19-04
38.64
41.00
2.36
214.13
0.14
2.60
2.67
including
38.64
40.32
1.68
62.55
0.08
0.25
0.16
and
40.32
41.00
0.68
588.63
0.30
8.41
8.87
RP-19-05
40.25
43.00
2.75
29.74
0.02
0.02
0.01
RP-19-05
44.75
45.51
0.76
50.80
0.02
0.25
1.64
RP-19-05
56.33
56.78
0.45
26.16
0.00
0.89
0.91
RP-19-06
39.26
43.29
4.03
29.53
0.08
0.13
7.38
including
42.00
42.62
0.62
17.90
0.04
0.02
4.12
and
42.62
43.29
0.67
130.00
0.40
0.41
40.14
RP-19-06
49.72
50.57
0.85
129.02
0.03
0.04
0.32
RP-19-07
38.37
39.27
0.90
182.00
0.13
0.30
0.32
RP-19-07
43.70
46.51
2.81
49.21
0.02
0.34
0.78
including
45.10
46.25
1.15
91.92
0.02
0.71
1.68
RP-19-07
56.61
57.42
0.81
98.60
0.01
2.42
2.45
RP-19-08
45.44
45.94
0.50
20.64
0.00
0.46
0.01
RP-19-08
47.84
52.27
4.43
111.96
0.09
0.23
0.29
including
49.24
51.12
1.88
238.20
0.19
0.51
0.50
RP-19-08
57.51
58.52
1.01
45.70
0.00
0.05
0.03
RP-19-08
67.86
68.05
0.19
85.24
0.02
1.21
0.11
RP-19-08
82.46
82.66
0.20
11.39
0.00
0.32
0.01
RP-19-08
84.82
85.02
0.20
568.00
0.55
0.08
0.18
RP-19-09
44.41
46.62
2.21
28.70
0.02
0.15
0.13
RP-19-09
46.62
48.70
2.08
31.70
0.02
0.47
1.12
RP-19-09
48.70
49.76
1.06
6.88
0.00
0.14
0.32
RP-19-10
61.00
72.10
11.10
143.29
0.04
0.62
0.50
including
61.00
67.81
6.81
230.84
0.07
0.94
0.66
including
61.00
61.31
0.31
122.00
0.03
4.18
5.04
and
62.72
63.27
0.55
2612.00
0.66
6.00
2.89
REGAL
Hole No.
From (m)
To (m)
Interval (m)
Ag g/t
Cu %
Pb %
Zn %
RP-19-11
9.14
9.38
0.24
13.24
0.00
0.73
0.03
RP-19-11
11.14
15.79
4.65
12.23
0.00
0.32
0.36
including
15.35
15.79
0.44
52.47
0.00
1.20
2.89
RP-19-11
58.44
59.85
1.41
24.85
0.01
0.77
0.25
RP-19-12
7.32
7.62
0.30
40.02
0.00
0.69
0.02
RP-19-12
11.20
11.80
0.60
39.64
0.00
0.95
0.25
RP-19-12
11.93
13.02
1.09
35.90
0.01
0.89
0.79
RP-19-12
13.80
17.77
3.97
26.00
0.00
0.59
0.25
including
13.8
16.17
2.37
39.78
0.00
0.90
0.30
RP-19-12
60.18
60.70
0.52
12.28
0.00
0.07
0.96
RP-19-13
13.76
17.41
3.65
25.38
0.00
0.58
0.48
including
16.91
17.41
0.50
102.21
0.00
1.87
0.28
RP-19-13
18.57
19.05
0.48
15.44
0.01
0.71
0.22
RP-19-14
10.89
11.18
0.29
60.81
0.02
1.24
1.64
RP-19-14
12.28
12.84
0.56
19.83
0.00
0.25
0.21
RP-19-14
12.99
13.34
0.35
13.28
0.03
0.54
0.47
RP-19-14
13.49
13.82
0.33
20.02
0.00
0.35
0.96
RP-19-14
13.93
14.22
0.29
33.00
0.00
1.32
0.53
RP-19-14
16.04
16.31
0.27
43.86
0.00
1.65
1.01
RP-19-15
14.88
15.38
0.50
12.37
0.00
0.38
0.68
RP-19-16
11.30
11.88
0.58
31.23
0.01
0.91
0.55
RP-19-16
13.07
13.80
0.73
41.88
0.00
0.92
0.46
RP-19-16
14.48
15.32
0.84
23.84
0.00
0.62
0.44
RP-19-16
16.88
17.80
0.92
32.15
0.00
1.40
0.56
RP-19-16
28.13
28.29
0.16
4.99
0.02
0.02
2.21
RP-19-17
7.01
7.16
0.15
1360.00
0.01
19.67
0.21
RP-19-17
10.94
11.69
0.75
62.32
0.00
2.78
0.19
RP-19-17
14.64
15.47
0.83
19.82
0.00
0.52
0.36
RP-19-18
12.12
13.41
1.29
48.31
0.00
2.66
0.53
including
12.12
12.94
0.82
70.50
0.00
4.02
0.53
RP-19-18
15.97
18.53
2.56
13.02
0.00
0.33
1.43
including
15.97
17.41
1.44
12.81
0.01
0.37
2.52
RP-19-18
19.92
20.52
0.60
27.27
0.04
1.15
0.76
RP-19-19
6.00
7.00
1.00
68.42
0.00
2.38
0.22
including
6.00
6.30
0.30
134.00
0.01
7.13
0.13
RP-19-19
12.13
17.68
5.55
13.35
0.00
0.46
0.39
including
15.82
17.68
1.86
30.83
0.00
1.17
0.78
RP-19-19
29.91
30.42
0.51
22.88
0.02
1.22
0.89
RP-19-20
6.15
6.65
0.50
46.47
0.01
1.75
0.13
RP-19-20
7.60
8.32
0.72
33.37
0.00
0.50
0.19
RP-19-20
12.01
12.68
0.67
21.51
0.01
0.67
0.49
RP-19-20
15.27
16.36
1.09
18.63
0.00
0.48
0.43
RP-19-20
17.29
18.68
1.39
10.52
0.00
0.34
0.62
RP-19-20
28.08
31.17
3.09
58.78
0.00
0.35
0.33
including
29.52
30.22
0.70
214.00
0.00
0.34
0.19
RP-19-21
9.05
9.56
0.51
37.45
0.00
0.58
0.02
RP-19-21
12.98
13.82
0.84
17.29
0.01
0.47
0.79
RP-19-21
15.89
17.27
1.38
39.77
0.00
1.55
0.70
including
15.89
16.57
0.68
76.50
0.00
3.07
0.31
and
17.00
17.27
0.27
1.84
0.00
0.06
2.27
RP-19-21
30.40
30.54
0.14
46.83
0.00
0.31
0.16
RP-19-21
31.82
32.82
1.00
61.10
0.01
3.39
1.49
RP-19-21
72.01
72.26
0.25
77.11
0.00
0.62
0.02
Note: True widths are presently unknown.
Additional assay work is presently being conducted regarding Tin results in the drill core. Those results will be released once received and interpreted.
Photo description: Photos of 11.10 meter silver discovery intersection in Hole #10. Host rock is a limestone dissolution breccia/dolomitization breccia with weak to moderate silicification overprinting. Flooding this is milky quartz which hosts wispy veinlets of galena and blebby sphalerite at intersections of these or other veinlets.
As previously reported, the Corporation received assay results for 22 rock samples collected from surface outcrops in September 2019 from the Black Jacket and ALLCO areas of the property. Of the 22 grab samples collected, the majority contained bonanza grade silver, zinc, and lead with many samples reaching assay over-limits. The over-limit results for zinc and lead are reported in the table below (italicized) beside the original assay values. Assay values for tin, including high grade samples 11, 14 and 20 which were over-limit in the original assay report, are also presented in the last column of the table.
Sample Number
Sample Type
Silver g/t
Copper %
Zinc %
Lead %
Gold g/t
Tin ppm
ALC19CR01
grab
0
.035
0
0
0
0.4
ALC19CR02
grab
1300
.415
18.20
>20.0 (35.69)
0.70
46.1
ALC19CR03
grab
120
.232
.034
.984
0.02
2.4
ALC19CR04
grab
131
.089
.026
.102
2.66
1.1
ALC10CR05
grab
16.7
.295
.060
.013
0.09
0.4
ALC19CR06
grab
74.9
.144
>30.00 (34.97)
.059
0.28
2.6
ALC19CR07
grab
10.05
.310
.086
.029
0.04
0.5
ALC19CR08
grab
1870
.495
24.5
>20.0 (31.90)
1.85
189.5
ALC19CR09
grab
88.1
.077
>30.00 (39.98)
1.88
0.08
32
ALC19CR10
grab
1545
.178
26.7
>20.0 (28.67)
0.68
373
ALC19CR11
grab
2360
.366
16.80
>20.0 (43.67)
0.11
900
ALC19CR12
grab
3700
.624
1.645
>20.0 (71.14)
3.14
273
ALC19CR13
grab
964
.716
17.30
17.5
0.11
386
ALC19CR14
grab
3530
.350
1.945
>20.0 (59.54)
1.57
1600
ALC19CR15
grab
3670
.026
1.895
>20.0 (77.01)
0.33
205
ALC19CR16
grab
1790
.107
5.28
>20.0 (52.77)
0.37
146.5
ALC19CR17
grab
751
.069
6.45
18.05
0.45
107
ALC19CR18
grab
1065
.718
.178
.514
0.10
7.6
ALC19CR19
grab
2510
.299
5.58
>20.0 (70.63)
0.06
167
ALC19CR20
grab
4410
2.27
26.40
>20.0 (21.56)
5.68
4500
ALC19CR21
grab
47.5
.177
.048
.092
1.78
8.8
ALC19CR22
grab
87.7
.095
.011
.047
4.79
2.9
Property History & Background
The Regal Project hosts several past producing small-scale historic mines including the Regal Silver.
The property also hosts numerous promising mineral occurrences. From the historic records it appears that most, and perhaps all, of the known mineralized showings/zones have not been previously drilled using modern diamond drilling methods.
The geology of the Regal property generally consists of the Badshot and Lade Peak limestones, and argillites and phyllites of the Index Formation.
Snowflake and Regal Silver (Stannex/Woolsey) Mines
The Snowflake and Regal Silver mines were two former producing mines that operated intermittently during the period 1936-1953. The last significant work on the property took place from 1967-1970, when Stannex Minerals completed 2,450 meters of underground development work and a feasibility study, but did not restart mining operations. In 1982, reported reserves were 590,703 tonnes grading 71.6 grams per tonne silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper, 0.13 per cent tin and 0.015 per cent tungsten (Minfile No. 082N 004 – Prospectus, Gunsteel Resources Inc., April 29, 1986). It should be noted that the above resource and grades, although believed to be reliable, were prepared prior to the adoption of NI43-101 and are not compliant with current standards set out therein for calculating mineral resources or reserves.
ALLCO Silver Mine
The ALLCO Silver Mine is situated 6.35 Kilometers northwest of the above described Snowflake/Regal Mine(s). The ALLCO Silver Mine operated from 1936-1937 and produced 213 tonnes of concentrates containing 11 troy ounces of gold (1.55 g/t), 11,211 troy ounces of silver (1,637 g/t) and 173,159 lbs of lead (36.9%).
Airborne Geophysics to Guide Future Exploration
An extensive airborne geophysics survey conducted by Geotech Ltd of Aurora, Ontario, for Northaven Resources Corp. in 2011, on the Regal Project identified four well defined high potential linear targets correlating with the same structural orientation as the Allco, Snowflake and Regal Silver mines. Northaven also reported that the mineralogy and structural orientation of the Allco, Snowflake and Regal Silver appeared to be similar to that of Huakan’s J&L gold project located to the north, and on a similar geophysical trend line. The J&L is reportedly now one of western Canada’s largest undeveloped gold deposits. Rokmaster Resources Corp. recently optioned the J&L property in a $44.2M deal and has renamed it the Revel Ridge Project. Rokmaster is presently working on expanding the current resource.
After completing the airborne survey, Northaven failed in financing their company and conducting further follow up exploration on the property and subsequently forfeited the claims without any of the follow up work ever being completed. Affinity Metals is in the fortunate position of benefitting from this significant and promising geophysics data and the associated targets.
The aforementioned Northaven airborne geophysical survey conducted at a cost of $319,458.95 in August of 2011 is described in The BC Ministry of Energy, Mines and Petroleum Resources Assessment Report #33054. The results of the survey are competently explained and illustrated by professionals on You Tube at: https://www.youtube.com/watch?v=GX431eBY_t0
Condor Consulting, Inc. who compiled the survey data and produced the original geophysics report was recently retained by Affinity in order to provide more detailed interpretations and potential drill target locations with the aim of testing two of the four main target areas in the future.
Earth Sciences Services Corp. (ESSCO) has also recently provided acoustical geophysics data for portions of the Regal property. This data is also being interpreted and analyzed with respect to future drill targets.
The Corporation is presently in the process of correlating and interpreting all of the historic and new geophysical and geochemical data as well as the 2019 drill results with the objective of further defining 2020 drill targets.
Affinity Metals has been granted a 5 Year Multi-Year-Area-Based (MYAB) exploration permit which includes approval for 51 drill sites.
Assay Procedure, Quality Assurance and Quality Control Procedures
All drill core samples were sent to MSA Laboratories in Langley, British Columbia for assay. Samples were analyzed by the following methods, as appropriate, to determine grades: ICP-130 35 element two acid digestion with ICP-AES finish, IMS-130 51 element two acid digestion with ICP-AES/MS finish, FAS-418 Ag 30g fire assay with gravimetric finish, determination of Ag, Cd, Pb, W, and Zn with four acid digestion and ICP-AES finish, determination of Pb and Zn by titration, and determination of Sn by Sodium Peroxide fusion with ICP-OES finish.
The Company employed a QA/QC program that was managed by a Qualified Person during the entire drill program. Blanks, duplicates (both pulp splits and 1/4 core), and two certified standard reference materials were used. These QA/QC samples were inserted at a rate of 1 every 10 to 15 samples.
Qualified Person
The Qualified Person for the Regal Project for the purposes of National Instrument 43-101 is Frank O’Grady, P.Eng. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
About Affinity Metals
Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.
The Corporation’s flagship project and present focus is the Regal.
On behalf of the Board of Directors
Robert Edwards, CEO and Director of Affinity Metals Corp.
Posted by AGORACOM
at 8:42 AM on Thursday, April 16th, 2020
Sponsor: Loncor, a Canadian gold explorer controlling over 2,400,000 high grade ounces outside of a Barrick JV. The Ngayu JV property is 200km southwest of the Kibali gold mine, operated by Barrick, which produced 800,000 ounces of gold in 2018. Barrick manages and funds exploration at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting their Tier One investment criteria. Newmont $NGT$NEM owns 7.8%, Resolute $RSG owns 27% Click Here for More Info
Physical gold was up 13.8 percent through April 10
Too few investors have adequate exposure to the yellow metal
Gold and gold stocks are among the highest performing assets of 2020 so far as investors seek a haven amid the coronavirus-fueled rout, and as central banks and governments around the world roll out unprecedented monetary and fiscal measures in an effort to mitigate the economic impact of the “Great Lockdown.â€
That’s the name the International Monetary Fund (IMF) has given this uncertain period, and I believe it may stick. The IMF added that the “world economy will experience the worst recession since the Great Depression,†with global economic growth this year projected to fall to negative 3 percent.
This highlights the importance of protecting your family’s wealth right now, which savvy investors have historically managed to do with gold and precious metals.
Physical gold was up about 13.8 percent through April 10, while senior gold miners advanced 2.8 percent, making the group the best asset class of the year so far. Longtime readers of Frank Talk know that I frequently recommend a 10 percent weighting in gold and gold stocks, and now you can see why. A 10 percent allocation at the beginning of the year—before any of us had ever heard of the novel coronavirus—could have helped minimize the impact of losses in other positions.
(Click on images to enlarge)
The problem is that too few investors have adequate exposure to the yellow metal. That’s the case even for many who may believe they do. As the World Gold Council (WGC) pointed out last year, most broad-based commodity indices have a very small weighting in gold — the S&P GSCI’s, for instance, is only 3.37 percent. What this means is that investors in funds that track these indices likely do not get the full benefit of having gold in their portfolio.
That’s why I recommend that the 10 percent weighting be split into two halves, with 5 percent in physical gold (bars, coins, 12-karat jewelry ) and the other 5 percent in high-quality gold and precious metal mining stocks, mutual funds and ETFs.
Maybe you’ve missed the rally up to this point, but the good news is that it’s probably still not too late to participate.
Gold Well-Positioned to Revert to Its Mean Relative to the S&P 500
According to analysis by Bloomberg commodity strategist Mike McGlone, the price of gold appears to be seeking to revert to its long-term mean relative to the S&P 500 Index. This would suggest that we could see a new record high, driven largely by excessive money printing.
“Unprecedented global monetary stimulus is a worthy catalyst for the per-ounce price of gold to revert to its long-term mean vs. the S&P 500 Index, in our view,†McGlone explains.
The implication of mean reversion right now is that gold would hit a new all-time high, assuming the S&P continues to trade around 2,800. After all, a one-to-one ratio means that both assets are trading at the same level.
This has happened before, as you can see in the chart above. As recently as March 2013, both spot gold and the S&P 500 were trading in the same 1,500 to 1,600 range. Before that, in May 1990, it was a 330 to 360 range.
A reversion to the mean now—again, assuming the S&P continues to trade at its current level—would put the yellow metal at approximately $2,800 an ounce, a new record high by far.
But remember, that’s just a simple one-to-one ratio. The long-term gold/S&P mean is slightly higher, at 1.12, so the gold price would also be slightly higher, possibly closer to $3,000 an ounce.
Mean reversion is something I write about more in-depth in “Managing Expectations: Anticipate Before You Participate in the Market,†which you can read by clicking here.
Interest in Gold Mining Stocks and Gold Royalty Companies Takes Off
Not enough investors have optimal exposure to gold, according to the WGC, but we’re currently seeing a surge in interest in gold mining stocks and gold royalty companies, if Google search data is any indication.
Search terms using “gold mining stocks†and “gold royalty companies†were higher this month than at any other time in the past 10 years. That includes when the yellow metal hit its record high of $1,900 an ounce in 2011.
Google Trends isn’t a leading indicator recognized by mainstream economists and market analysts, but I believe it shows where investors’ thinking may be at right now. They’re seeking a way to preserve their wealth as we face what could be the worst economic downturn in nearly 100 years, and they’re betting that higher precious metal prices will send shares of gold mining and royalty companies higher as well.
Posted by AGORACOM-JC
at 5:40 PM on Wednesday, April 15th, 2020
CEO, Grant Johnson, is participating as an industry panel expert in Eventus International’s “The Convergence of Gambling and eSports†webinar on Thursday, April 16, 2020 at 8:00 a.m. ET (12:00 p.m. GMT).
The connection between gambling and eSports has always been a pertinent one, but never has it been more relevant as the present time wherein traditional sports and events have been brought to a standstill in an effort to maintain social distancing
BIRKIRKARA, Malta, April 15, 2020 — Esports Entertainment Group, Inc. (NasdaqCM: GMBL, GMBLW) (or the “Companyâ€), a licensed online gambling company with a focus on esports wagering and 18+ gaming, today announced its CEO, Grant Johnson, is participating as an industry panel expert in Eventus International’s “The Convergence of Gambling and eSports†webinar on Thursday, April 16, 2020 at 8:00 a.m. ET (12:00 p.m. GMT).
The connection between gambling and eSports has always been a pertinent one, but never has it been more relevant as the present time wherein traditional sports and events have been brought to a standstill in an effort to maintain social distancing. With the global sports calendar on pause, eSports have practically become the only game to play in town.
“The Convergence of Gambling and eSports†webinar is expected to be a lively debate exploring the ultimate merger of two powerhouse industries: gambling and eSports.
Johnson will be joined in the insightful discussion by moderator Keith McDonnell, CEO of KMigaming, as well as James Coxon, Business Development Director at SBTech, and Marek Suchar, Head of Partnerships at Oddin.
Esports Entertainment Group, Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers fantasy, pools, fixed odds and exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience at vie.gg. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds a license to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands. The Company maintains offices in Malta. For more information visit www.esportsentertainmentgroup.com
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Contact:
U.S. Investor Relations RedChip Companies, Inc. Dave Gentry 407-491-4498 [email protected]
The statement is sure to draw significant fire from the multitude of graphite juniors and proponents of graphite as the primary material in the lithium-ion anode, who vastly outnumber the number of silicon proponents in the junior market. Â
According to HPQ CEO, Bernard Tourillon, graphite anodes are consistent performers, however, their limited energy capacity makes them ill-suited as the long term global answer to skyrocketing demand for electric vehicles. Silicon anodes, on the other hand, absorb far more lithium than their graphite counterparts, offering a substantial improvement in battery efficiency.
Tourillon isn’t just spinning a story. His claims are backed by hard facts and science. He does agree, however, that Silicon has not been able to go mainstream due to swelling and cracking issues – but according to HPQ – these latest promising results represent a step forward in that solving that problem. Â
With HPQ already under NDA with a battery manufacturer, Tourillon’s claims carry even greater weight. If HPQ can deliver, he may very well knock graphite off its perch single-handedly. Â
Watch this interview to hear what Tourillon has to further say on the subject, which will also undoubtedly serve as the basis for heated debate between HPQ and the graphite world for months to come. To the winner the spoils …. and Tourillon believes strongly that HPQ will prevail. Â
Posted by AGORACOM
at 11:16 AM on Wednesday, April 15th, 2020
SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Recently acquired 14km of the potential extension of the new discovery by New Found Gold’s Queensway project to the south.Click Here for More Info
Gold futures prices are trading not far from unchanged on the day Tuesday at midday, after scoring a 7.5-year high early on, at $1,788.80, basis June Comex futures. Silver prices are sharply up and at a four-week high today. Gold bulls are enjoying the strong near-term technical advantage to continue to suggest more upside for the yellow metal in the near term. Safe-haven demand continues to boost gold, and to a lesser degree silver, as the global economy is still on very shaky ground. June gold futures were last up $0.10 an ounce at $1,761.30. May Comex silver prices were last up $0.503 at $16.04 an ounce.
Global stock markets were mostly higher in overnight trading. U.S. stock indexes are solidly higher at midday. More and more it appears North America and Europe have “turned the corner†on the Covid-19 pandemic. New York Governor Cuomo said Monday his state has seen the worst of the pandemic. Other hotspots in the U.S. have also showed signs of simmering down. Leading U.S. health officials are now saying the world’s largest economy can very likely begin to reopen in stages beginning in May.
The present Covid-19 situation appears to be a sweet spot for the precious metals. There is enough confidence in the marketplace for traders to want to trade markets, but the global economies are still in very bad shape and it’s uncertain when they will be fully operational or healed.
Major corporate earnings reports are now starting to be released, which will show the early impact of the Covid-19 pandemic, and be a sobering reminder of the tough economic times at present. JP Morgan’s results today were a testament of a crippled U.S. economy.
In overnight news, China, the world’s second-largest economy, saw its March exports down 6.6%, year-on-year, which was less than expected. Imports were down 0.9% in the period, also way less than expected. China watchers deemed this data as upbeat, showing the Chinese economy is recovering from the pandemic.
The important markets today see Nymex crude oil prices trading solidly lower, around $21.00 a barrel. Oil market bulls are sorely disappointed the weekend OPEC and other major oil producers agreement to restrict oil output did not boost crude oil futures prices. However, there is no consensus on how much oil production will be reduced. Some market watchers think 10 million barrels a day and the more optimistic bulls think 20 million. There is more agreement among analysts that worldwide oil demand has dropped by at least 20 million barrels a day.
Meantime, the U.S. dollar index is lower at midday. The 10-year U.S. Treasury note yield is trading around 0.735% today.
Technically, June gold futures bulls have the strong overall near-term technical advantage. More upside is likely in the near term. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,800.00. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at $1,700.00. First resistance is seen at today’s high of $1,788.80 and then at $1,800.00. First support is seen at today’s low of $1,755.30 and then at $1,750.00. Wyckoff’s Market Rating: 9.0
May silver futures prices were nearer the session high and hit a four-week high at midday. The silver bulls have the overall near-term technical advantage. Prices are in a four three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at $17.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $14.50. First resistance is seen at today’s high of $16.30 and then at $16.50. Next support is seen at today’s low of $15.655 and then at this week’s low of $15.385. Wyckoff’s Market Rating: 6.5.
May N.Y. copper closed up 285 points at 233.10 cents today. Prices closed near the session high and closed at a four-week high close today. The copper bulls have the slight overall near-term technical advantage. A price uptrend is in place on the daily bar chart. Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at 250.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 220.00 cents. First resistance is seen at this week’s high of 235.25 cents and then at 238.00 cents. First support is seen at 230.00 cents and then at this week’s low of 226.35 cents. Wyckoff’s Market Rating: 5.5
Posted by AGORACOM-JC
at 10:18 AM on Wednesday, April 15th, 2020
Provided update on promising results emanating from electrochemical performance tests performed on materials produced with our GEN2 PUREVAPTM Quartz Reduction Reactor
Material produced with the GEN2 PUREVAPTM QRR, demonstrated its potential to advantageously replace graphite in Lithium-ion (Li-ion) batteries while limiting the disadvantages inherent to silicon anodes
MONTREAL, April 15, 2020 — HPQ Silicon Resources Inc.  (“HPQâ€Â or the “Companyâ€) TSX-V: HPQ; FWB: UGE; Other OTC : URAGF; would like to update its shareholders on promising results emanating from electrochemical performance tests performed on materials produced with our GEN2 PUREVAPTM Quartz Reduction Reactor (“QRRâ€).
Recently, tests conducted at the Institut National de Recherche Scientifique (INRS), on material produced with the GEN2 PUREVAPTM QRR (“GEN2â€), demonstrated its potential to advantageously replace graphite in Lithium-ion (Li-ion) batteries while limiting the disadvantages inherent to silicon anodes.
“While preliminary, the results obtained are very promising and validate our decision to focus our efforts on upstream production of materials needed to make the silicon-based anodes for high-density lithium-ion battery using material produced by our PUREVAPTM RRQ process as feed stock,†said Bernard Tourillon, President and CEO HPQ Silicon. “Interest in Silicon Metal’s potential to contribute to energy storage demand is undeniable and generating massive investments, as well as serious industry interest.â€
SILICON (Si), A SUPERIOR ANODE MATERIAL FOR LITHIUM-ION BATTERIES VERSUS GRAPHITE
Silicon (Si) is a very promising anode material for Li-ion batteries because it’s theoretical gravimetric capacity (storage capacity in (mAh) per g of material) and volumetric capacity (storage capacity in (mAh) per cm3 of material) are significantly higher than graphite, the material currently used in commercial Li-ion batteries. While resolving silicon swelling and cracking during the lithiation phase1 represents a significant challenge in order to achieve a comparable cyclage stability to graphite, the reference anode material of Li-ion batteries, the promising results obtained represent a step forward in that direction.
The exact composition of the material produced with the GEN2 as well as how the electrodes used in the tests were prepared are trade secrets of HPQ. HPQ will take the necessary steps to protect this invention. As part of this research project, HPQ retains all intellectual property rights in relation to this invention.
SILICON (Si) FOR LITHIUM-ION BATTERIES: A GROWING MARKET
A recent report by Wood Mackenzie Power projects that energy storage deployments are estimated to grow +1,300% from a 12 Gigawatt-hour market in 2018 to a 158 Gigawatt-hour market in 2024. This is why, despite the low utilization rate of silicon-based powders in current Li-ion batteries, demand for silicon (Si) based powders is estimated to represent an addressable market of US $ 1B by 20222 expanding at a CAGR of 38.9% between 2019 – 2024.
About Silicon
Silicon (Si), also known as silicon metal, is one of today’s strategic materials needed to fulfil the Renewable Energy Revolution (“RERâ€) presently under way. Silicon does not exist in its pure state; it must be extracted from quartz (SiO2), in what has historically been a capital and energy intensive process.
Working with PyroGenesis Canada Inc.(TSX-V: PYR), a high-tech company that designs, develops, manufactures and commercializes plasma – based processes, HPQ is developing:
The PUREVAPTM “Quartz Reduction Reactors†(QRR), an innovative process (patent pending), which will permit the one step transformation of quartz (SiO2) into high purity silicon (Si) at reduced costs, energy input, and carbon footprint that will propagate its considerable renewable energy potential;
HPQ is in the process of becoming the lowest cost (Capex and Opex) producer of silicon (Si) and high purity silicon (3N – 4N Si);
The PUREVAPTM Silicon Nano Reactor (SiNR), a new proprietary process that can uses different purities of silicon (Si) as feedstock, to make spherical silicon nanopowders and nanowires;
HPQ objective is to become the lowest cost manufacturer of spherical Si nanopowders and silicon-based composites needed by all the manufacturers of next-generation lithium-ion batteries;
During the coming months, spherical Si nanopowders and nanowires silicon-based composites samples requested by industry participants and research institutions’ will be produced using the newly upgraded Gen2 PUREVAPTMSiNR.
HPQ is also working with industry leader Apollon Solar of France to:
Use their patented process and develop a capability to produce commercially porous silicon (Si) wafers and porous silicon (Si) powders;
The collaboration will allow HPQ to become the lowest cost producer of porous silicon wafers for all-solid -state batteries and porous silicon powders for Li-ion batteries.
The plan is to deliver porous Si wafer to a battery manufacturer (under NDA) for testing in 2020.
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.
Disclaimers:
The Corporation’s interest in developing the PUREVAP™ QRR and any projected capital or operating cost savings associated with its development should not be construed as being related to the establishing the economic viability or technical feasibility of any of the Company’s Quartz Projects.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the security’s regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange 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.
For further information contact
Bernard J. Tourillon, Chairman, President and CEO Tel (514) 907-1011 Patrick Levasseur, Vice-President and COO Tel: (514) 262-9239 http://www.hpqsilicon.com Email: [email protected]
____________________ 1 The incorporation of lithium into an electrode in a lithium-ion battery 2 Source Marketandmakerts.com
Posted by AGORACOM
at 10:46 AM on Tuesday, April 14th, 2020
SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Recently acquired 14km of the potential extension of the new discovery by New Found Gold’s Queensway project to the south.Click Here for More Info
Gold futures prices are trading narrowly on both sides of unchanged in early U.S. trading Tuesday after scoring another 7.5-year high, at $1,785.00 overnight, basis June Comex futures. Gold bulls are enjoying the strong near-term technical advantage to continue to suggest more upside for the yellow metal in the near term. Safe-haven demand continues to boost gold, and to a lesser degree silver, as the global economy is still on very shaky ground. June gold futures were last down $0.90 an ounce at $1,760.20. May Comex silver prices were last up $0.388 at $15.925 an ounce.
Global stock markets were mostly higher in overnight trading. U.S. stock indexes are pointed toward higher openings when the New York day session begins. More and more it appears North America and Europe have “turned the corner†on the Covid-19 pandemic. New York Governor Cuomo said Monday his state has seen the worst of the pandemic. Other hotspots in the U.S. have also showed signs of simmering down. Leading U.S. health officials are now saying the world’s largest economy can very likely begin to reopen in stages beginning in May.
Major corporate earnings reports are now starting to be released, which will show the early impact of the Covid-19 pandemic, and be a sobering reminder of the tough economic times at present.
Technically, the gold bulls have the strong overall near-term technical advantage amid a price uptrend in place on the daily, weekly and monthly charts. That strongly suggests the path of least resistance for prices will remain sideways to higher for at least the near term and probably longer. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at $1,800.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,700.00. First resistance is seen at the overnight high of $1,785.00 and then at $1,800.00. First support is seen at $1,750.00 and then at Monday’s low of $1,724.20. Wyckoff’s Market Rating: 8.5
May silver futures bulls have the overall near-term technical advantage and prices are trending higher on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at $17.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $14.50. First resistance is seen at last week’s high of $16.09 and then at $16.25. Next support is seen at Monday’s low of $15.385 and then at $15.25. Wyckoff’s Market Rating: 6.0.
