Posted by AGORACOM-JC
at 8:57 AM on Monday, March 4th, 2019
Company have been approved for and will commence trading on the OTCQB venture marketplace, operated by OTC Markets Group, under the ticker symbol NOBDF.
The Company also announced its strategy to create greater opportunity for its shareholders and attract new U.S. retail and institutional investors by providing transparency via this listing.
TORONTO, March 04, 2019 — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) today announced that effective today, shares of the Company have been approved for and will commence trading on the OTCQB venture marketplace, operated by OTC Markets Group, under the ticker symbol NOBDF. The Company also announced its strategy to create greater opportunity for its shareholders and attract new U.S. retail and institutional investors by providing transparency via this listing.
“We are extremely pleased to announce our listing to the OTCQB
Venture Marketplace,” said Ryan Brown, CEO of North Bud Farms Inc.
“NORTHBUD is committed to the high level of financial and corporate
disclosure that is required for this listing category which further
demonstrates significant improvement in how we are categorized in the
public markets. This move represents our expansion in growing our U.S.
investor shareholder base as we believe that trading on the OTCQB will
enhance trading liquidity and continue to increase market adoption of
our business model, thereby enhancing shareholder value.â€
The OTCQB is considered by the SEC as an established public market
for the purpose of determining the public market price when registering
securities for resale with the SEC. The OTCQB dramatically increases
transparency, reporting standards, management certification and
compliance requirements, the majority of broker dealers trade stocks on
the OTCQB. Historically this has resulted in greater liquidity and
awareness for companies that reach the OTCQB tier.
McMillan LLP serves as NORTHBUD’s OTCQB advisor, responsible for
providing professional guidance on OTCQB requirements and U.S.
securities laws. U.S. investors can find current financial disclosure
and quotes for the company on www.otcmarkets.com.
About North Bud Farms Inc. North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc. which was acquired in February 2018, is pursuing a licence under The Cannabis Act. North Bud Farms Inc. is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.
Neither the Canadian Securities Exchange (the “CSEâ€) nor its
Regulation Services Provider (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking statements Certain statements
included in this press release constitute forward-looking information or
statements (collectively, “forward-looking statementsâ€), including
those identified by the expressions “anticipateâ€, “believeâ€, “planâ€,
“estimateâ€, “expectâ€, “intendâ€, “mayâ€, “should†and similar expressions
to the extent they relate to the Company or its management. The
forward-looking statements are not historical facts but reflect current
expectations regarding future results or events. This press release
contains forward- looking statements. These forward-looking statements
are based on current expectations and various estimates, factors and
assumptions and involve known and unknown risks, uncertainties and other
factors. Such risks and uncertainties include, among others, the risk
factors included in North Bud Farms Inc.’s final long form prospectus
dated August 21, 2018 which is available under the issuer’s SEDAR
profile at www.sedar.com.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: North Bud Farms Inc. Edward Miller VP, IR & Communications Office: (855) 628-3420 ext. 3 [email protected]
Tags: Hemp, Marijuana, MMJ, stocks Posted in All Recent Posts | Comments Off on North Bud Farms $NBUD.ca Upgrades to OTCQB to Engage and Expand U.S. Investor Audience $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca
Posted by AGORACOM-JC
at 5:01 PM on Friday, March 1st, 2019
OTTAWA, March 01, 2019 — betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the “Company” or “betterU”) announced today it has filed its financial results for the nine months ended December 31, 2018. betterU is a Global Education Marketplace for emerging markets. The Company aggregates education, educational services and employment services from quality Institutions including universities, colleges, Industry leaders and corporations from around the world and makes their programs available to students through the betterU marketplace. betterU has now over 20,000 programs available.
Highlights for the nine months ended December 31, 2018 include:
For the quarter, the Company reported revenues of $13,728, and a net loss of $867,214.
On October 15th, 2018, betterU entered into two loan agreements
totaling $613,000 and entered into an agreement with AIP Asset
Management Inc., (AIP) for an investment of $2.5 million to support
ongoing operations and growth until the TUC funding is received. AIP and
betterU are working through all the definitive agreements in connection
with this funding.
On October 30, 2018, the Company provided an update on the investment progress.
According
to a written update provided to betterU on October 28th, 2018 by Mr.
Kenny Ho, CFO and Chairman of TUC Co. Ltd., (“TUCâ€) Mr. Ho indicated
that he arrived in Tokyo, Japan to review the amendments on Wednesday,
October 17th and that they completed the required documents on Friday,
October 19th. Mr. Ho further indicated in writing to betterU that he has
decided to remain in Tokyo until the funds have been released. Mr. Ho
expects there will be no further delays yet has not provided betterU
with definitive timelines for the release of funds. While Mr. Ho also
indicated that he expects the funds to be released shortly, betterU is
reluctant to commit to any dates having experienced many previous
delays. “While we remain confident in this opportunity, the ongoing
delays and missed timelines provided by TUC have proven to be difficult
in managing market expectations. Our focus has been and continues to be
on the development and growth of betterU,†said Brad Loiselle, President/CEO of betterU.
Outlook:
On Jan. 17, 2019 the Company provided following updates on its funding activities:
The
Company has completed a $1,250,000 equity investment by HT Overseas
Pte. Ltd., a wholly owned subsidiary of HT Media Limited, (“HTâ€) for the
purchase of 2,976,190 common shares of the Corporation at $0.42 per
share (the “Private Placementâ€) with a hold period expiring on May 17,
2019. As previously announced on December 21, 2017, HT’s $10 million
investment is provided to betterU in eight (8) tranches over two years,
this being the 3rd tranche with the full investment immediately being
paid to HT’s Media Groups by betterU to support betterU’s mass marketing
efforts across India.
The Company, over the last few months, has
been working on multiple funding opportunities motivated by the ongoing
delays from the $100M investment from TUC Co, Ltd. (“TUCâ€). These
delays have not been explained in detail to betterU because according to
GDS Holdings Ltd. (“GDSâ€), they are under confidentiality agreements
with their investment partners. betterU has received over 400 emails
over the last year with discussions not only with TUC and GDS, but also
with other organizations that are also part of TUC’s investment
portfolio. betterU has been in active discussions with the CEOs for
multiple groups in Canada and the USA with whom TUC and GDS have also
promised funding. Despite the ongoing support and assurances made by TUC
and GDS however, with these ongoing delays, it is not sustainable for
betterU to rely solely on TUC or GDS, so betterU has had no choice but
to seek other investment opportunities as outlined further below.
betterU’s agreement with TUC and GDS will remain active and when and if
GDS funds are released they will be in accordance with the terms of the
agreement executed by TUC and betterU on February 1, 2018.
The
Term Sheet with AIP Asset Management Inc., AIP Inc. (“AIPâ€) for
financing of $2.5 Million previously announced October 15, 2018, is
currently under review by betterU. AIP requires as a condition to
closing the financing that a subordination agreement (“SAâ€) be executed
by the creditors of betterU. After betterU’s creditors reviewed the SA
provided by AIP, they felt it was punitive to their rights as creditors
and decided not to sign it. betterU has been in discussions with AIP to
determine alternative solutions and while AIP is willing to provide
betterU with more time, at a cost, they still require that betterU’s
creditors execute on the SA. A further update to the market will be
forthcoming as this materializes further.
Additionally, in early
October 2018, betterU was invited to present to dozens of investors
organized by a Montreal investor relations firm known to betterU, Mi3.
During these events, betterU was introduced to the CEO of Quantiium
Capital Management Corporation (“QCMCâ€) an alternative funding group
located in Montreal QC who expressed interest in betterU. Over
subsequent months, betterU met with their leadership teams in Montreal,
Toronto and at betterU’s office in Ottawa. Following QCMC’s due
diligence process, a Letter of Intent was offered and executed by both
parties on December 5, 2018 which supports an investment of 5 Million
Euro (approximately CND$7.5M) through a credit facility backed by QCMC.
The agreements are currently under development with QCMC and the credit
facility is expected to be issued in favour of betterU. Further details
will be provided to the market as the agreements and timelines
materialize.
All investments are subject to board of director and
TSXV approvals. The Company wants to emphasize that they have no
control over the timelines of these investments.
On Jan. 29, 2019, the Company announced that the successful
acquisition of two corporate training contracts worth $26,812 with
Larsen & Toubro (L&T) and Maharashtra State Electricity
Transmission Company Limited (Mahatransco), both located in Mumbai,
India. These two training programs come on the heels of betterU’s
efforts to enhance their revenue focus and after the successful
completion of other such training programs and custom development
projects with groups such as Central Bank of India, Dena Bank,
Confederation of Indian Industries (CII), Indian Oil Corporation Limited
(IOCL), Blue Star, Dimension Data, Evry India and Acliv Technologies.
Additional information concerning the Company, including its audited
consolidated financial statements and its Management’s Discussion and
Analysis of Financial Condition and Results of Operations (“MD&Aâ€)
for the year ended March 31, 2018 can be found at www.sedar.com.
About betterU
betterU, an online education technology company, aims to provide
access to quality education from around the world in order to foster
growth and opportunity to those who want to better their lives. The
Company plans to bridge the prevailing gap in the education and job
industry and enhance the lives of its prospective learners by developing
an integrated ecosystem. betterU’s offerings can be categorized into
four broad functions: to compliment school programs with flexible KG-12
programs preparing children for their next stage of education, to foster
an exceptional educational environment by providing befitting skills
that lead to a better career, to bridge the gap between one’s existing
education and prospective job requirement by training them and lastly,
to connect the end user to various job opportunities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
By their nature, forward-looking statements include assumptions and
are subject to inherent risks and uncertainties that could cause actual
future results, conditions, actions or events to differ materially from
those in the forward-looking statements. If and when forward-looking
statements are set out in this news release, betterU will also set out
the material risk factors or assumptions used to develop the
forward-looking statements. Except as expressly required by applicable
securities law, the Company assumes no obligation to update or revise
any forward-looking statements. The future outcomes that relate to
forward-looking statements may be influenced by many factors, including,
but not limited to: industry cyclicality; the ability to secure third
party agreements; successful integration of betterU’s system with third
party technology; competition; reduction in demand for products;
collection from customers; relationships with suppliers; product
liability; intellectual property; reliance on key personnel;
environmental; interest rates; uninsured and underinsured losses;
operating hazards; risks of future legal proceedings; income tax
matters; credit facilities; availability and terms of financing;
distribution of securities; restrictions on potential growth; effect of
market interest rates on price of securities; and potential dilution.
betterU does not assume any obligation to update any forward-looking
statements except as required by law.
CONTACT INFORMATION
For further information, please visit http://www.betteru.ca/investor-overview/
Posted by AGORACOM-JC
at 3:10 PM on Friday, March 1st, 2019
SPONSOR: New Age Metals Inc.
(TSX-V: NAM) The company’s new Lithium Division has already made
significant acquisitions in Canada and the USA. The company also owns
one of North America’s largest primary platinum group metals deposit in
Sudbury, Canada. Learn More.
NAM: TSX-V
———————
Riding the palladium wave, Implats to build new mine in 2021
This has all been down to a massive supply deficit that has existed since 2012 and the situation is expected to remain this way for the next few years.
JOHANNESBURG — The price of palladium
has been on a tear in recent months, overtaking the gold price. This
has all been down to a massive supply deficit that has existed since
2012 and the situation is expected to remain this way for the next few
years. Amid this backdrop, miner Implats
believes palladium isn’t in a bubble and that demand for the metal
could continue for the next few years to come. That’s why Implats is now
building a new palladium mine in the Waterberg that will come online in
2024. South Africa’s mining sector will certainly welcome this
development and, hopefully, it will help breathe new life into the
sector. Helping fuel Cyril Ramaphosa’s drive for jobs. – Gareth van Zyl
By Felix Njini
(Bloomberg) – Impala Platinum Holdings Ltd.
plans to start building a new palladium mine that could begin producing
as soon as 2024 as the company’s outlook for metals turns bullish.
Implats, as the second-biggest platinum miner is known, plans to start work on the Waterberg project
in South Africa in 2021, Chief Executive Officer Nico Muller said. The
producer is also considering boosting output at its jointly held Mimosa
mine in Zimbabwe by 30% as it bets on a long-term shift in
platinum-group metals prices, Muller said.
A surge in palladium prices
and a weaker rand is dispelling the gloom that gripped South African
miners just a year ago. The metal used in pollution-control devices for
car engines is forecast to remain in deficit for an eighth straight year
in 2019, and Implats isn’t the only company seeking new sources of
supply. The world’s top platinum supplier, Anglo American Platinum Ltd.,
is studying plans to ramp up palladium output through the expansion of
its flagship Mogalakwena mine.
“I believe the change in PGMs is structural and not cyclical, so we
are fully confident that the buoyant market we see today is going to
prevail for the next 10 years,†Muller told reporters in Johannesburg
after announcing earnings Thursday. “When you contemplate a project like
this, you have to have a long-range view, and we have a very bullish
position at the moment.â€
Despite a stronger market for platinum-group metals and improved liquidity, Implats is sticking with plans to restructure loss-making mines
at its Rustenburg complex, Muller said. Implats will evaluate options
to boost output in existing businesses and may consider assets outside
its current portfolio, the CEO said.
The shares have rallied 63% this year.
Implats will exercise its options to increase its stake to more than
50% from 15% of the Waterberg project, which is being developed jointly
with Platinum Group Metals Ltd. and Japan Oil, Gas and Metals National
Corp. The deposit could produce about 450,000 ounces of palladium and
about 290,000 ounces of platinum a year, initial studies show. The high
proportion of palladium means raising money is unlikely to be a major
concern, Muller said.
“I don’t see financing to be a material barrier to our ability to execute the project,†Muller said.
Tags: palladium, stocks Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals Inc. $NAM.ca – Riding the #palladium wave, #Implats to build new mine in 2021 $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN
Posted by AGORACOM-JC
at 11:20 AM on Friday, March 1st, 2019
Investment Highlights
Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property
Kenbridge Ni Project (ON, Canada)
Advanced stage deposit remains open in three directions, is
equipped with a 623m deep shaft and has never been mined.
Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits.
Plans for Kenbridge include updating PEA,
advancing the project through to feasibility and exploring the open
mineralization at depth
FULL DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 10:58 AM on Friday, March 1st, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
——————-
10 Major Blockchain Trends in 2019
While cryptocurrencies took a hammering, 2018 was huge for Blockchain, the technology that underpins Bitcoin and a myriad of other coins.
Blockchain has plenty of use cases outside of the cryptocurrency space with IBM, Oracle, and Amazon and other multi-billion dollar companies trying to capitalize on the disruptive technology.
Now, it’s time to find out what major Blockchain trends will define the current year.  Â
By: Alex Morris Â
From the Internet-of-Things (IoT) convergence to startups for the unbanked — find out what to expect from Blockchain in 2019
While cryptocurrencies took a hammering, 2018 was huge for Blockchain, the technology that underpins Bitcoin and a myriad of other coins. Blockchain has plenty of use cases outside of the cryptocurrency space with IBM, Oracle, and Amazon and other multi-billion dollar companies trying to capitalize on the disruptive technology. Now, it’s time to find out what major Blockchain trends will define the current year.  Â
STOs replacing ICOs
Security tokens (STOs)
have been a hot topic in the crypto space, and it looks like they will
continue to be hot now that Overstock’s tZERO announced the launch of
the new STO platform on Jan. 21. The Blockchain-powered platform will
provide any company with the opportunity to raise funds by launching its
own STOs. Prior to that, the startup made an announcement about the
completion of its utility token distribution.
STOs, which combine the best features of the stock market and
cryptocurrencies, arose as a fully regulated alternative to ICOs, which
turned out to be the passing fad of 2017.
Tokenization creating more investment opportunities
The launch of the Estonia-based DEX,
which buys the shares of the biggest companies in the world in the form
of ERC20 tokens, proved that 2019 is all about tokenization. The
Ethereum-powered startup will allow non-US investors to engage in the US
stock market without any limitations pertaining to their location or
investment amount.
Crypto startup Zilliqa also recently introduced Hg Exchange, a fully regulated exchange that allows accredited investors to buy US stocks.
Tokenization already became a pervasive trend in 2018, going far
beyond the stock market, but this is the year when pretty much
everything will be tokenized – art, wine, real estate, etc.
Blockchain and IoT forming an alliance
Back in January, leading digital security company Gemalto released a report
that states that 23 percent of responders think that Blockchain
technology could be a boon for securing IoT-powered devices. Meanwhile,
almost 91 percent of businesses who do not utilize Blockchain consider
making use of the technology in the future.
The number of IoT-powered devices is expected
to reach 26.66 bln in 2019, but less than half of all businesses can
detect whether their device experienced a security breach.
IBM also illustrated the benefits for this convergence with the help of
their game-changing platform Watson IoT. Apart from bringing more
security to the table, Blockchain significantly simplifies the task of
managing different devices and increases the efficiency of the
transaction.
Wall Street transitioning from dabbling to actions
The fact that cryptocurrency prices took a nosedive in 2018 doesn’t
mean that the global financial industry is going to suddenly give up on
Blockchain. As U.Today reported earlier, Bakkt,
the ICE-backed exchange, was supposed to go live in January, but its
launch was eventually delayed due to the longest government shutdown in
history. Speaking of other ‘big-fish’ players, NASDAQ and the NYSE
plan to launch Bitcoin futures while also being keen on Blockchain.
Since the crypto hub died down, there is a good reason to believe that
2019 will be the year of exciting developments in the Blockchain space.
More decentralized exchanges appearing on the horizon
Decentralized exchanges, while actually living up to Satoshi’s
vision, have numerous usability issues that take a toll on their
popularity. There is no centralized authority that manages the users’
funds, but it’s also a double-edged sword problem – there is no way to
revert a certain transaction if private keys are stolen or lost. Keep in
mind that there are certain degrees of centralization. Case in point:
the Bancor DEX, which suffered from a $13.5 mln hack, though Charlie Lee later claimed that no decentralized exchange can lose its funds.
With that being said, major crypto startups – from Binance to Tron – have launched their own DEXs in order to spearhead the shift towards decentralization in the crypto world.
Governments will continue looking into Blockchain
The wide variety of Blockchain applications are being explored by
governments across the globe (even those ones who are openly hawkish
towards cryptocurrencies). China cracked down on Bitcoin, but this
country is hell-bent on becoming the leader in the Blockchain race.
Shanghai, Guangzhou and other major cities are all supporting Blockchain
developments. As reported by U.Today, the Ministry of Industry and
Information Technology (MIIT) launched
an initiative to incentivize business who are working with the DLT
technology. Moreover, there are specific Blockchain guides in China for
educating government officials.
Estonia is yet another country
that is focused on the e-Estonia program that will digitize the
government. Meanwhile, Dubai could become the very first government that
is powered by Blockchain. The implementation of Blockchain could help Dubai save up to $1.5 bln per year by cutting the red herring and creating a fully paperless government.
Blockchain-powered startups banking the unbanked
Africa, where a substantial part of the population remains unbaked,
represents a breeding ground for different startups that utilize
Blockchain technology in order to increase economic inclusiveness. The Rohingya Project
went even further by using Blockchain to restore the identity of
stateless Rohingyas and give them access to banking services.
Real-word use cases beyond fintech
It is worth noting that Blockchain is the most disruptive technology
of the last decade, but it remains unknown to the general public. Yes,
along with Bitcoin, Blockchain was one of the buzzwords in the tech
space, but it’s all about real-world adoption. According to PwC research,
84 percent of companies have dipped their toes into Blockchain, but
they are not ready to embrace it due to numerous ‘trust issues.’ Those
who will be able to integrate Blockchain into their businesses will turn
out to be the true winners of 2019.
Scalability becoming one of the main issues
Without a doubt, scalability is one of the major bottlenecks of
Blockchain, which poses a major hindrance to mainstream adoption. That
became very evident when CryptoKitties, one of the best-known dApps,
created congestion on the Ethereum network. Bitcoin and Ethereum are
only able to handle seven and 25 TPS (this level of scalability doesn’t
hold a candle to mainstream payment processors in the likes of VISA).
Hence, many promising solutions, such as sharding and sidechains, are expected to be implemented in 2019. Bitcoin’s Lightning Network (LN),
for example, is witnessing growing popularity with major industry
players, with an eye-popping 830 percent surge in half a year. LN will
significantly boost Bitcoin adoption while solving scalability pain
points.
Blockchain jobs will become more common
Despite Bitcoin, the major use case of Blockchain, taking a hammering
in 2018, the number of Blockchain-related jobs continued to grow
throughout the year. Moreover, as reported by CNBC,
the salaries of Blockchain engineers skyrocketed to $175,000 per year,
which means that they receive the highest salaries in the software
development niche on par with AI specialists. According to Hired CEO
Mehul Patel, ‘there’s a ton of demand for Blockchain.’ On top of that,
Upwork, the leading freelance platform, had a 35,000 percent uptick in
the number of Blockchain freelancers (it’s the fastest-growing freelance
sector).
However, earning a six-figure salary is not an easy feat. Blockchain developers
have to code in numerous languages, including Go and Solidity. As
mentioned above, major companies do not want to miss the boat on
Blockchain, so they are striving to hire talented programmers.
Posted by AGORACOM-JC
at 4:54 PM on Thursday, February 28th, 2019
NOTICE: Iconic Minerals – Fox Business Network – Thursday, February 28, 2019
The Company would like to give notice to its shareholders that the Company’s CEO (Richard Kern) will be featured on national Fox Business Network on Thursday, February 28, 2019 at 9:46 PM Eastern, 8:46 PM Central, 7:46 PM Mountain and 6:46 PM Pacific Time.
In this five minute segment, Richard Kern will be providing comments on
the lithium industry while onsite in Nevada, at the Bonnie Claire
property.
Please keep in mind that the allotted time slot may not be exact, and
the segment could air within an hour of the above scheduled times.
Posted by AGORACOM-JC
at 4:27 PM on Thursday, February 28th, 2019
(TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB)
Why Iconic Minerals?
Bonnie Claire Lithium property hosts 11.8 Billion pounds of lithium carbonate equivalent (28.5 Million tonnes of LCE) Inferred Resource (43-101).
Potential to be the largest lithium resource globally (based on size)
Initial leaching tests applying dilute acid to the drill cuttings resulted in recoveries as high as 98%.
Two other highly prospective Lithium exploration properties also located in Nevada.
Lithium Projects
Iconic Minerals has three highly prospective Lithium exploration
properties located in Nevada, the Bonnie Claire Sarcobatus Valley
Lithium property, the Smith Valley Creek Property, and the Third Nevada
Lithium Property.
Bonnie Claire Property
Property Overview
11.8 Billion pounds of lithium carbonate equivalent (28.5 Million tonnes of LCE) Inferred Resource (43-101).
Potential to be the largest lithium resource globally (based on size)
Bonnie
Claire is a 100% owned lithium brine property comprising of 23,100
acres of contiguous placer claims, currently in control of 28.75 square
miles (75 km2) located in Nye County, Nevada.
Property
area is contained within a valley that is 60kms from the only producing
lithium mine in North America (Albermarle Silver Peak Mine).
Over +20 miles (+30 km) long and 12 miles (20 km) wide into which streams from an +800 mi2 (2,070 km2) drainage basin empty.
Sampling of salt flats within the basin, have found lithium values in salt samples yielding up to 340 ppm.
Current
claim block covers the gravity low and associated mud flats that could
be used for evaporation ponds if significant lithium brines are
discovered in drilling.
Preliminary NI 43-101 Technical Report completed Read More
A total 5,550 feet has been drilled at the Bonnie Claire with an average 963+ppm from four drill holes
Great infrastructure
Local end-users
Property Details Snapshot
Drainage Basin (20 x 30 kms)
830 square miles
Gravity Lows (length)
20 x 30 kms
Valley Sediment (Range)
460 – 610m (1,500 to 2,000ft)
BLM Drilling Permits
Drilling Program
Drilling completion of first of three test wells
Smith Creek Valley Property
Controls 808 placer claims totaling 25.25 square miles (65.4 km2) over a major gravity low.
The enclosed Smith Creek Valley Basin covers 582 square miles (1,507
km2), which is slightly larger than Clayton Valley Basin where lithium
brines are produced.
Smith Creek Valley is over +40 miles (+64 km) long in a north-northeast direction and averages 9 miles (14.5 km) in width.
The vast majority of rock weathering into the basin is felsic ash flow tuff, which is an excellent source of lithium.
Lithium Brine Benefits
Lower Cost Exploration
Easy access because flat and arid
Decreased environmental impact
Shorter Timeline to Production
Requires Less Capital
Lower Cost Production than bedrock
Found beneath salt flats in brine bearing aquifers
Easily pumped to Surface from vertical production well
After evaporation lithium recovered in small on site mill
Potassium may also be recovered
Nevada is a Geopolitically Stable Jurisdiction
Gold Projects
The company’s Gold exploration portfolio includes the Hercules
property in the Como mining district, 17 kms from the famous Comstock
Lode mine, the New Pass property in the New Pass mining district, and
the Squaw Creek property located in the northern area of the Carlin
Trend.
Situated within and on the margins of the Como mining district, located in Lyon County, Nevada.
Como district was worked as early as the late 1850s, before the
famous Comstock Lode deposit was discovered about 10 miles (16 km.) to
the north by prospectors following float upstream from placer gold
deposits at Dayton.
By the early 1860’s the Como district was abandoned due to the rich
lodes having been discovered at Virginia City (Russell, 1981).
In the late 1880’s the Hercules Mining Company explored the occurred
with the excavation of another 1,500 feet (450 m) of underground
workings.
Gold and silver property which, is comprised of 107 unpatented lode mining claims (2,231 acres).
The property is located in eastern Churchill County, Nevada; in the
New Pass Mining District, 27 miles west of Austin, Nevada and 105 miles
east of Reno.
Iconic Minerals has a controlling interest in the property, in a
joint venture with White Knight Gold U.S. Inc., (now U.S. Gold), with
Iconic earning a 50% interest.
Property
is located 42 miles due north of Battle Mountain, Nevada and lies
between the Midas and Ivanhoe mining districts on the northern portion
of the Carlin Trend, six miles north of the Dee Mine in the Lower Plate
Bootstrap Window.
Iconic’s Research and Development partner
St-Georges’
metallurgists report that they have successfully improved the
concentration of lithium in the Sediments, originally reported in
December using mechanical separation and selective leaching of other
elements within the Sediments.
The
additional tests St-Georges completed in Stage 2, through selective
leaching methods, have improved the elimination of barren material from
55% to 85%-88%, while retaining 100% of the lithium.
Upon
completion approximately 12% to 15% of the original material remains
for further processing and purification. This process may significantly
reduce the cost of production.
Posted by AGORACOM-JC
at 10:38 AM on Thursday, February 28th, 2019
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A blockchain-based home equity loan platform, Figure, has raised $65 million from various major financial and venture capital firms, tech news site TechCrunch reports on Feb. 27.
The firm, which was founded by SoFi founder and former CEO Mike Cagney, reportedly raised the funds from such majors as Morgan Creek, DST Global, DCM, Ribbit Capital and Nimble Ventures. The recent investment bumps the total funds raised by the firm up to $120 million, according to TechCrunch.
Cagney’s new firm, which reportedly has issued over 1,500 equity
lines, is purportedly targeting older clients who are “cash light and
rich in equity†or “CLAREs.†The company is currently lending $1.5
million per day, a figure which Cagney expects to double every few
months, reports American Banker.
The founder told American Banker, “At the end of 2019, Figure should
look like a robust financial platform that can meet the needs of our
customers.” Cagney also added that Figure is moving into other areas
like wealth management, checking accounts, and unsecured consumer loans.
Cagney’s former company SoFi is partnering with major United States-based crypto exchange Coinbase
to roll out crypto trading support. The partnership with Coinbase will
purportedly allow SoFi to launch crypto services by the second quarter
of this year. CEO Anthony Noto said in an interview:
“Our target audience wants to see what the price of cryptocurrency
is, and to buy it. They have a desire to do that and in many cases they
already are.â€
Noto assumed the role of SoFi CEO after Cagney stepped down amid sexual harassment allegations in 2017. Cagney told American Banker:
“One of the biggest takeaways is that at SoFi, we grew so fast and we
never really understood what we were going to grow into, and culture
never took a front seat. [At Figure] we have a very clear adherence to a
‘no-asshole’ policy.”
Posted by AGORACOM-JC
at 1:07 PM on Wednesday, February 27th, 2019
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G2 Esports raises $17.3 million for global growth and further investment
Competitive gaming firm G2 Esports has raised $17.3 million.
In a blog post, the esports organisation confirmed it had closed out the latest round of funding, bringing its total investment to $24.5 million to date.Â
G2 Esports owns 11 teams across various competitive games, including
Counter-Strike, League of Legends, Hearthstone and Playerunknown’s
Battlegrounds.
The investment was headed up by New York private equity firm Seal
Rock Partners, with participation from Everblue Management. G2 Esports
stated that it plans to use the funds to push ahead with global
expansion, pay franchise fees and further its own business and content
investments.
“After an incredibly successful 2018 where we positioned ourselves as
one of the leading entertainment assets in esports, G2 is doubling down
on international growth and continuing our investment in world-class
content creation,†said co-founder and CEO Carlos Rodriguez said.
“We have partnered with the right investors, who have a deep
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experience in scaling successful companies and brands.â€
Posted by AGORACOM-JC
at 10:32 AM on Wednesday, February 27th, 2019
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———————
Palladium: The most precious of precious metals
For the first time in more than a decade, palladium is rivalling gold in value.
At its current spot price of just over US$1 300/oz, reaching as high
as $1 400/oz in January 2018, it has truly become the most precious of
the precious metals, writes CHANTELLE KOTZE.
Demand has been primarily driven by the automotive industry through the “demonisation” of diesel engines in Europe.
The resultant growth in small petrol engines and hybrid engines,
which are fitted with emission-reducing catalytic converters that
require it as a catalyst to control pollution, along with the shift away
from diesel engines, has benefitted the material.
Moreover, the Volkswagen emissions scandal has negatively impacted the European diesel market and platinum prices.
According to Michael Jones, the President and CEO of TSX-listed
Platinum Group Metals, the developer of the Waterberg palladium-dominant
project in South Africa, it has become apparent that the electric
vehicle revolution has been a major factor driving demand.
While adoption rates of electric vehicles are expected to increase
anywhere between 8% and 10% by 2023, Jones stresses the importance that
at least half of these new electric vehicles will be hybrid electric
vehicles as opposed to full electric vehicles and will therefore still
require the use of palladium in the catalytic converter.
Moreover, China’s tougher new vehicle emissions standard, the China
VI emission standard, released in June 2018, means that cars will
require more robust catalytic converters that are able to meet the new
emissions legislation – another factor that may require increased
palladium during manufacture in order to minimise emissions.
According to data from German chemicals giant BASF, the China VI
emission standards is expected to create an additional 1 Moz of
palladium demand annually by 2020, which Jones believes the market is
already experiencing.
From the 2.2 Moz of palladium estimated to be required in the
manufacture of Chinese cars in 2018, palladium demand is estimated to
grow to 3.1 Moz by 2020, says BASF.
These figures are not based on the amount of new vehicles, but rather
the impact of the change in the standard for emissions which will
require increased amounts of palladium in its manufacture to ensure the
longevity of the catalyst.
While Jones notes that this may cause car manufacturers to substitute
out of palladium back into platinum as a cheaper alternative, it may
take several years for this change to come into effect and have a
physical impact on the price of palladium.
This being said, palladium is also a much more attractive metal for
autocatalysis, particularly in hybrid (petrol) electric vehicles, he
adds.
Moreover, with palladium being relatively rare, mined mainly as a
by-product of nickel and platinum mining, it may take a while for demand
fundamentals to slow should catalytic converter demand slow, says
Jones.
This increasing demand, combined with constrained long-term supply,
has caused a deficit in palladium supply which has been the key driver
in palladium’s high prices – a price trend which experts expect to
continue.
Despite weakening automotive sales in key markets, stringent
emissions controls are expected to sustain demand as governments seek to
improve their emissions targets.
Jones expects this demand to continue well into the foreseeable future due to tight supply.
