Toronto, Ontario (FSCwire) - Tartisan Resources Corp. (CSE: TTC) (“Tartisanâ€, or the “Companyâ€) is pleased to announce the closing of the first tranche of the Private Placement announced yesterday . The proceeds from today’s closing amount to $100,000.
Private Placement
Tartisan Resources Corp. has raised  $CDN 100,000 via non-brokered private-placement at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of this offering.
The net proceeds from this offering will be used for general working capital purposes and to acquire interests in available properties and projects in Peru and Ontario.
Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 61,169,982 shares outstanding (78,759,982 fully diluted).
For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan11232016.pdf
ROUYN-NORANDA, QUEBEC–(Nov. 18, 2016) – Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or the “Corporation“)announces the closing of a second tranche of a non-brokered private placement previously announced for a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000 (the “Private Placement“). The second tranche of the Private Placement closed today consists in the sale of 2,552,941 shares for an aggregate subscription of $217,000.
The net proceeds from the Private Placement will have to be incurred by the Corporation in exploration expenditures on mining properties located in the provinces of Québec.
In connection with the Private Placement, the Corporation will pay to an arm’s length finder, finder’s fees representing a cash amount equal to 8% of the subscribed amount through the finder, and non-transferrable finder’s warrants entitling to purchase such number of common shares of the Corporation equal to 8% of the aggregate number of shares subscribed through the finder. These finder’s warrants will be exercisable at a price of $0.085 per common share, up to 24 months from the closing date.
The securities issued pursuant to the second closing of the Private Placement are subject to a hold period of four months and a day ending March 19, 2017. The Private Placement is subject to the final approval of the TSX Venture Exchange.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).
This press release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.
Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:
Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:Â
| Indicated: | 213,000 oz (4,283,000 tonnes at 1.55 g/t Au) | |
| Inferred: | 77,000 oz (1,140,000 tonnes at 2.09 g/t Au) |
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:Â
| Indicated: | 396,000 oz (4,420,000 tonnes at 2.79 g/t Au) | |
| Inferred: | 393,000 oz (5,185,000 tonnes at 2.36 g/t Au) |
This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Christian Dupont, President
888-997-4630 or 819-797-4630
819-797-1870
www.explorresources.com
[email protected]
VANCOUVER, BRITISH COLUMBIA–(Nov. 16, 2016) –Â Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ) is pleased to announce that it has entered an exclusive distribution agreement (the “Agreement”) with Pharmacor Technologies Inc. (“Pharmacor”) for the international sale of the Inhalater line of vaporizers and accessories. This Agreement represents one of multiple exclusive agreements the Company intends to pursue and is testament to the unique international distribution network and level of service the Company is known for delivering.
Inhalater Line of Products
Inhalater vaporization technology is the result of over 10 years of research and development and comprises a unique dual heating system that offers medicinal grade extraction qualities. This differentiates the products from other vaporizers. Pharmacor is currently releasing the Inhalater S6, which features the following characteristics:
The technology is patent pending for all industrialized countries. The Inhalater S6 will retail for approximately $300, which is a competitive price for a premium medical grade vaporizer.
Term of the Agreement
Pursuant to the term of the Agreement, Pharmacor has provided Namaste exclusivity over the sale of the Inhalater line of products for a period of 2 years. The exclusivity shall apply to all countries outside Canada and the US. In exchange for exclusivity, Namaste has committed to use reasonable commercial efforts to build the Inhalater brand internationally and will provide support in terms of managing advertising, shipping, customer service and support, and warranty and return functions. Namaste will charge Pharmacor competitive market rates for managing these services and has established standard operating procedures for administration and execution of the Agreement.
Management Commentary
Sean Dollinger, President and CEO of Namaste, comments: “We are very pleased to be working with Pharmacor to bring their products to the international marketplace. We have built Namaste into a differentiated company based on our extensive international distribution network and our ability to enter agreements with manufacturers to provide specific solutions to take their products to market. We see multiple opportunities to continue expanding our business through exclusive distribution rights.”
About Pharmacor Technologies Inc.
Pharmacor technologies is a Canadian based company in operation since 2006. With its first product release in 2012, the company has established itself as a leading entity in the field of medicinal vaporisation. Focused on developing and manufacturing forward thinking technology, Pharmacor combines unique Canadian R&D capacities in the field of cannabis technology with the mass production capacity of Chinese partners. This positions the company as a reference point in the world of vaporization.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the links below:
FORWARD LOOKING INFORMATION
This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions. Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
Namaste Technologies Inc.
Sean Dollinger
Chief Executive Officer
+ 1 (786) 389-9771
[email protected]
www.namastetechnologies.com
Henderson, NV – AIM Exploration Inc. (OTCQB:AEXE) is pleased to provide a comprehensive background and update as of Fall 2016
AIM Exploration Inc. was originally formed with the objective to develop a Feldspar mine in the Philippines and source other valuable mining properties worldwide. In mid 2014 AIM acquired what is considered a rich anthracite coal mining concessions in Peru from Percana Mining Corp., a privately held company. AIM continued to look at and consider other properties however none of the other properties AIM reviewed had the long term profitability potential AIM was looking for. During this period AIM continued to operate the Feldspar properties in the Philippines however in 2016 the change within the government in the Philippines made significant changes to mining laws which AIM studied and after careful consideration elected to cease all operations in the Philippines and concentrate all efforts and resources on the Peruvian properties in view of the high profit potential.
As stated above in mid 2014, Aim Exploration, Inc. entered into a Mining Concession Asset Acquisition Agreement with Percana Mining Corp.. Through this acquisition AIM acquired ownership/control over 1,000 hectares of mining concessions located in Peru.
Prior the completion of the acquisition AIM hired a USA geologist/ mining engineer (Mr. Karl Gurr of Gustafson and associates) to complete a site visit and review the previous documentation and reports previously obtained by Percana Mining Corp. Mr. Gurr provided a detailed report to AIM and based on this report AIM was confident the concessions would prove out. The concessions appeared to be rich with anthracite coal and all previous samples (and subsequent samples) tested indicated a very high quality of anthracite. The mining concession properties are adjoining properties, on one section of the property there were and continues to be approximately 20 operating mining tunnels that are, and continue to be operated by artesian miners who reside close by. AIM has continued to allow the artesian miners to operate on their own however the company has contracted with virtually every miner to work strictly for AIM. In addition, AIM, through the direction and guidance of Mr. Karl Gurr intends to further explore and develop the properties. One of the reports the previous owners (Percana) obtained by a qualified Peruvian geologists estimates there are in excess of six hundred million tons of coal within their properties, we must advise however this report is not 43-101 compliant and therefore cannot be relied upon for investment purposes however AIM believes strongly in the report.
From a background standpoint prior to AIM taking control of the property the previous owners worked very hard over a number of years developing a strong rapport with the local inhabitants in villages close to the mining site. Through their efforts they obtained approval from the locals to explore and develop the properties. AIM continues to work very closely with the previous owners as the current President & CEO of AIM was the President of Percana and the other director of Percana is very closely involved and will be overseeing the operations in Peru. AIM has developed very close relations with key people in Peru and has strong ties not only with the locals but with strong legal and accounting teams in Peru.
AIM has personnel in Peru working diligently to continue to develop operations within the country. AIM has spent a great deal of time developing and refining the infrastructure to ensure profitable operations, including but not limited to coal extraction from the existing tunnels, transportation of the coal from the mine site to a holding site in Trujillo (approx. 200 KM), and further transport to the Port of Salaverry located within 2 KM of the holding site. AIM has developed strong ties with the Port Authority and feels extremely confident of their co-operation.
The board of directors of AIM are seasoned professionals as is the case with all the individuals and firms they choose to work with, AIM carefully considers everyone they choose to work with as they must understand the underlying AIM philosophy —- AIM cares! AIM not only cares about the people but cares about the environment. An example how much we care is we have over the years assisted members of the small communities close to the mine sites with medical needs, and helping the families and children in the communities through bring much needed medication, sporting equipment to the children and we even hold annual Christmas parties for the needy families.
Of late AIM, knowing that miners are working in less than desirous situations they recently hired a company Caduceus Software Systems Corp. (aka Caduceus) to work with the company to ensure the safest environment possible. Caduceus is a company that specializes in harsh environment situations and safety consulting, and can provide certificates for AIM’s mining crew. It is intended that Caduceus work with the miners and provide the AIM crew with Confined Space and Advanced Rescue entry and attendant certificates, Fall protection and Fall Arrest cards, Draeggar Monitoring training, and conduct FIT tests.
While AIM continues to set up and refine operations within Peru the President of AIM has been concentrating on the marketing of the anthracite coal. Over the years many potential purchasers have shown a great deal of interest working with AIM, however knowing and understanding the long term effects of developing marketing relationships AIM was very careful selecting the group they feel has the strongest long term potential for the shareholders of AIM. During the past 18 months AIM has developed a very strong working relationship with an Indian firm (Prina Energy) to market the coal. The relationship with the President of Prina Energy is very strong. After a site visit in Peru, Prina not only completely viewed the entire AIM properties but was also introduced to all AIM personnel in Peru and met with the key players in Peru and developed a strong understanding of the detailed logistics AIM has developed.
Through this association initially Prina Energy provided AIM with an LOI to purchase coal direct; however subsequent to that AIM and Prina have developed an even stronger relationship and is now in the final stages of setting up a joint venture operation head-quartered in Dubai UAE DMCC.
The DMCC was established in 2002 as a strategic initiative of the Government of Dubai with a mandate to provide the physical, market and financial infrastructure required to set up and operate a thriving commodities marketplace, today they are officially recognized as the largest Free Zone in the United Arab Emirates with over 12,000 registered companies under license.
Setting up the marketing arm in Dubai is a strategic move for long term growth and profitability for AIM, Prina has strong ties in the UAE not only with high level long term buyers but access to appropriate financing which AIM will require for operational working capital.
In addition, Prina, through close connections will attract the level of buyers needed to make AIM a profitable corporation over the long term.
This joint venture will be completely set up in the very near future and operations will commence.
It is anticipated that commencing January 2017 all the operations will be underway and shipping of coal is anticipated for March 2017.
About Aim Exploration:
The Company is an Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).
Forward-Looking Statements and Disclosures Certain information set forth in this press release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “projects,” “plans,” “targets,” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com
If you haven’t watched the mini-series Band of Brothers, you need to.  This isn’t a series about war, it is a true story about honor and the sacrifice a generation of young men and women made to propel us into our way of life. I’ve watched it twice now – and I am still speechless.
Though no solider should or wants to be held above the others, I could not help but unconditionally admire Major Richard Winters. I could give you my top 100 reasons below – but I will let the first 30 seconds of this interview do the talking.
Today, don’t just buy a Poppy and drop some money into a Veteran’s box. Take 30 seconds to thank them for their selfless acts and tell them how much better the life of you and your family is today.
Thank-you Veterans. You are simply nothing less than legends that have earned the respect and thanks of every generation that has and will come after you.
With thanks, respect, admiration and appreciation,
George, et al.
November 11, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has completed a third joint venture option agreement. The Company has entered into an Option Agreement with LiCo Energy Metals Inc. (“LiCo”) dated November 10, 2016 (the “Agreement”) whereby LiCo can acquire an undivided 70% interest, subject to a 3% Net Smelter Royalty, in the Black Rock Desert Lithium Project. The property consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. Reno, a major population center lies 177 kilometers to the southwest. The Agreement is “non-arms’ length” and so constitutes a related party transaction, as the “Company’s” President and CEO is also the President and CEO of LiCo. The agreement is subject to TSX Venture Exchange (the “Exchange”) approval.
COO Tim Fernback States “This Agreement is an exciting milestone for the Company as it is the third time that the Company has successfully optioned out particular interest in one of its properties to further the lithium property project generator business plan.”
The geologic setting combined with the presence of lithium in both active geothermal fluids and surface salts within the Black Rock Desert property match characteristics of lithium brine deposits at Clayton Valley, Nevada and in South America. Geothermal fluids adjoining the claims are known to contain anomalous lithium values and a recently completed surface silt sampling program confirmed values containing up to 520 ppm lithium. Although geological work has been undertaken for geothermal energy production in the area, the lithium in brine potential of the playa has not been specifically studied. Initially, the lithium target in this basin was highly conceptual, however, recent exploration results are highly encouraging and warrant a detailed exploration drilling for a Clayton Valley type brine deposit.
Pursuant to the terms of the Agreement, LiCo may exercise the option as follows:
About the Black Rock Desert Property:
The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The Property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys indicating a maximum thickness of valley-fill deposits of about 1,200 m/ 3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface. Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous Lithium values (5mg/l) that flank the property on the west side. (U.S. GEOLOGICAL SURVEY Open-File Report 81-918.) While these lithium values are well below those of producing lithium brines, they do represent a significant source of metal available for evaporative concentration within the playa basin.
On a separate note, Nevada Energy Metals Corp. recently notified Dajin that it does not wish to pursue the earn-in agreement entered in December, 2015, for the 191 placer claims covering 3,851 acres (1,558 hectares) at Dajin’s 100-per-cent-owned Alkali Lake property. The Company did not carry out any further exploration on the Alkali Lake project, preferring instead to focus on its own projects.
The Company also announces that it has granted stock options to its directors, officers, and consultants to purchase an aggregate of 6,000,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.10 per share. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the Exchange policies and will be subject to a hold period of four months and a day.
Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada
About Nevada Energy Metals: http://nevadaenergymetals.com/
Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 78 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (under option to Lithium America who can earn a 70% interest); 100% interest in the 100 claim Teels Marsh West Project covering 2000 acres (809 hectares) in Mineral County, Nevada; 100% interest in the San Emidio Desert Project consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; 100% interest in the 710 claim Dixie Valley Project covering about 5746 hectares (22 square miles) of playa and alluvial fan; 100% interest in the BSV Lithium Project – 160 claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada; 100% interest in the Black Rock Desert Property – 128 claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada (now optioned 70% interest to LiCo Energy Metals Inc.).
On Behalf of the Board of Directors
Rick Wilson, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this release.
Disclaimer for Forward-Looking Information:
The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.
Vancouver, BC / November 10, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of November 1, 2016, it is looking at potential agricultural uses for its limestone located on the northwest coast of British Columbia.
The Mayner’s Fortune property is located approximately 7.5km southwest of Terrace, B.C. and recent logging in the area has benefitted Durango by providing road access to the project. The construction of the logging roads exposed additional limestone at surface over a large area which was not previously mapped in historical reports. The new limestone outcrops were sampled and sent for assay as announced previously on November 1, 2016.
When recently speaking with an individual in the agricultural industry, the synergy of agricultural limestone and its use as a soil conditioner was discussed. The limestone is activated when it meets with water and dissolves into the soil which lowers the acidity and raises the pH which is essential for crop yields. The lime also adds desirable nutrients to the soils such as calcium, magnesium and phosphorus which improves soil structure, increases rates of air and water infiltration, improves plant cell wall formation and can help to regulate the nutrient uptake through the roots of the plant. Hydroponic systems are more prone to incur a calcium deficiency and require the use of limestone.
Limestone is extremely beneficial for the agricultural industry including the commercial growth marijuana industry. As such, the Company is actively investigating marketing its limestone to these mediums. Commercial marijuana operations are now North America wide, as several states in the USA voted for recreational and medicinal marijuana legislation. (https://www.theguardian.com/us-news/2016/nov/08/state-ballot-initiative-election-results-live-marijuana-death-penalty-healthcare)
Marcy Kiesman, CEO comments: “Durango’s management team is pleased with its decision to diversify its holdings by acquiring alternative green projects which are versatile enough to be used for construction, agricultural use and for additional green-tech solutions. The beneficial chemical properties of agricultural lime can significantly boost the profit potential of farms and can increase fertilizer efficiency up to fifty per cent which is important for crop yield and profitability.”
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About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of the limestone projects, obtaining final government, industry and other approvals of mining such projects, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
According to a report from the US EPA: “lithium-ion batteries “safe†for disposal in contrast to nickel-cadmium and lead-based battery products.â€
Here is the reason recycling is not happening: the scrap value of lithium is 1/10 the of the value of lead, hence low to no economic gains from lithium battery recycling.
Another article by Waste Management World acknowledges that electrical vehicle-makers would like to re-use lithium from recycled batteries, but that: It does not make any economic sense to recycle the batteries.
Lithium-ion batteries contain a very small fraction of lithium carbonate as a percent of weight and are inexpensive compared to cobalt or nickel.
The average lithium cost associated with Li-ion battery production is less than 3% of the production cost.
Intrinsic value for the Li-ion recycling business currently comes from the valuable metals such as cobalt and nickel that are more highly priced than lithium.
Due to less demand for lithium and low prices, none of the lithium used in consumer batteries is completely recycled.
There is a growing North America shortage of lithium for EVs (electric vehicles): There are at least 20 or 25 direct-electrically powered and hybrids coming onto the market in the next 5 or 6 years. They will come from auto manufactures in the US, Europe, Japan, China and Korea.
Many in the industry are aware, talking about and working on the problem of providing the high high grade lithium. The investment opportunities abound.
About 70% of the world’s lithium deposits are concentrated in Argentina, Bolivia and Chile. The US imports over 80% of the lithium it uses.
Japan and South Korea (LG is the world’s largest producer) have both marked record high numbers of lithium-ion battery exports in H-1 in Y 2016, as auto companies ramp up battery consumption to power new all-electric offerings,
Benchmark Mineral Intelligence said a month ago. Lithium-ion battery shipments from Japan topped 33,500 tonnes in 2-H, up 17% from 2-H of of 2015 and over 31% Y-Y.
Have a terrific week
According to a recent report from Nielsen Games, fans of eSports are rapidly growing in size, currently amounting to 14% of all Americans aged thirteen and up – almost double of last year when that number was only 8%. The report gives an interesting insight into the eSports market which seems to be overtaking the United States, as well as a comparing view of how eSport fans overlap with fans of traditional sports.
As the report states, 77% of all fans of eSports are male, with Millennials making up for most of the demographic, or 61%. The Millennial generation is often seen as the future of both online and land-based gambling, with casinos focusing on new ways to attract this elusive player base. However, while the online casino industry introduces novelties like VR gambling to attract Millennial players, eSports seem to have little trouble in getting their attention right from the start.
As to other interesting findings, fans of eSports games were found to be twice as likely to use streaming for traditional sports as opposed to those who aren’t fans of eSports, with 71% of the fan base preferring streaming, 40% having watched games on TV, and only 23% having attended a game in person. Fans of eSports were also three times likelier to be fans of Soccer, combat sports and racing – three of the most popular sport gaming niches.
Coinciding with the rapid growth of the fan base, eSport events and prize pools have been quickly expanding as well, with currently more than 16,000 tournaments played annually and more than 65 million in cash rewards. According to Nicole Pike, director of Nielsen Games, eSports can no longer be considered a “niche activity†as they have grown to become one of the fastest expanding parts of the sport industry.
