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Pacific North West Capital Acquires 100% of Strageic Lithium Brine Project Clayton Valley, Nevada $PFN.ca

Posted by AGORACOM-JC at 11:30 AM on Monday, May 9th, 2016

  • Option to acquire 100% of a Clayton Valley Fork Li Project–Clayton Valley hosts North America’s largest Lithium
  • Carbonate production evaporation operations derived from Lithium Brines
  • Potential for fault derived structural traps that may contain lithium rich brine
  • Objective to develop an economic Lithium Brine Project
  • Exploration planning in progress
  • The company has a well-diversified project portfolio of Platinum Group Metals and Lithium Projects
  • The company’s 100% owned River Valley PGM resources is one of the largest undeveloped primary PGM resources in Canada (http://pfncapital.com/s/Home.asp)

May 9th, 2016, Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF further to the previous company’s news release (PFN April 25th, 2016 News Release), the Clayton Valley Forks Li Project (“CVF”) is comprised of 73 claims for a total of approximately 583 hectares (1440 acres) and is located on the west side of Lithium X’s South Expansion Project in Clayton Valley.


Click Image To View Full Size

Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure is a company made composite and not intended for redistribution. The company accepts no responsibility for the accuracy of other claim blocks other than the claim block associated with the Clayton Valley Forks Li Project)

Mr Barr Chairmen and CEO of PFN stated “That with the completion of this acquisition, our company has acquired its first strategic USA lithium brine asset. The Clayton Valley Fork Li Project is situated in North America’s only Lithium Brine producing area where approximately 4% of the world’s supply of Lithium Brine is produced. Due to growing demand, decreasing supply and increasing price of Lithium, Clayton Valley has become host to one of the largest project acquisitions and staking rushes in recent Nevada history. We look forward to developing and implementing an aggressive exploration and development program on this strategic project.”

The Project is strategically located south of the Silver Peak Lithium Mine operated by Albemarle Corp. Pure Energy Minerals Limited’s Clayton Valley South project is situated on the east side of Clayton Valley and the Clayton Valley Forks Li Project is situated on the opposite side of the valley, the west side.

The company plans to test for lithium-bearing aquifers thru the Project Area. The company’s technical team believes that geological structures of the sediment-filled Clayton Valley basin underlying the claims contains sediments, based on previous work in the area, have the potential to lead to new Li discoveries. The geological environment appears similar throughout the basin and with respect to the other leading exploration company’s projects in the basin.

The project is situated over an area that is believed to contain favorable geology, faults, ground water and possible lithium bearing source rocks. The west side of the north-south trending Clayton Valley Basin lies within a geological belt of right lateral deformation, near the western edge of the Basin and Range geological province. The project area also straddles the Walker Lane wrench fault zone, which is still active today. Aerial photos reveal strong faults on the mountains west of the project that roughly trend northerly-southerly. This faulting system may have formed structural traps which could contain accumulated lithium rich brines. Upcoming exploration programs will focus on geophysics and drilling.

Further announcements will be forthcoming with regard to the projects exploration and development plan, as well as other acquisitions in Canada and the United States.

Clayton Valley Forks Li Project Terms of Option Agreement

The Optionors (Thomas Evans (60%) and Robert Weicker (40%)) have agreed to grant an option to the Company to acquire a 100% undivided interest in the Clayton Valley Forks Li Project. In order to acquire a 100% interest in the Clayton Valley Forks Li Project (subject to the Production Royalty), the Company will issue up to 400,000 shares in 10 days another 400,000 shares by the first anniversary date. As well the company has agreed to cover recording fees up to a maximum of $25,00 (US), $15,000 (US) after regulatory approval and $15,000 (US) after 90 days of the approval. If the company begins commercial production on the project, a production royalty (calculated at 2% of the Net Smelter Returns) will be granted to the optionors. The company has the right to buy back the entire royalty at any time for $1,000,000 (US). The Agreement is subject to approval from the TSX Venture Exchange (the “Exchange”).

All shares issued in connection with the acquisition are subject to a four month and one day hold period from the date of issuance.

Nevada the Lithium Hub

Clayton Valley is located in Esmeralda county of Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and brine processing operations. The mine has been in operation since 1967 and remains the only brine based Lithium Producer in North America. The new project acquisition in Nevada will allow the company a project in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada with highway access, power infrastructure, water and local labor. The company’s new lithium brine project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020. The Clayton Valley Forks Li Project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada.

Clayton Valley was one of the few locations globally known to contain commercial-grade lithium-enriched brines.

Nevada Building a Future for Green Energy Manufacturing

The Nevada government is actively embracing the Lithium Energy market and future ventures. In March 2016 the Nevada Board gave final approval to the Faraday Futures $1 Billion dollar electric car factory in North Las Vegas. Once this plant is operating it is estimated that it will create over 4500 jobs for the area. Tesla received over $1.25 Billion in tax incentives from the Nevada government to start up their $5 Billion Giga-factory in Reno, Nevada. The Nevada government is backing the new growth in the lithium- ion battery and electric car market. Future projected market growth will also increase the need for lithium-ion batteries. At present, the Clayton Valley area produces 4% of the world’s Lithium Carbonate production.

About The Company’s Lithium Division

The company’s new Lithium Division will focus on the acquisition, exploration and development of Lithium Projects in Canada. In the United States the company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.

Management believes that these new age metals, Lithium, PGM’s and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.

In addition to the lithium brine potential of the CV West Li Project in Nevada, the company has and is developing hard rock lithium projects in Canada (PFN April 24th, 2016 news release). The Lithium One Project in southeast Manitoba is located 8.5 kilometers south of the Tanco Mine Site, North America’s richest and longest operating hard rock mine for tantalum, lithium and cesium.

Lithium and Platinum group metal prices have improved dramatically in recent months. Lithium supplies remain in deficit relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

About the company’s Platinum Group Metals Division

Achievements to date and future plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with options to buy down
  2. 2.Completed exploration and development programs on the River Valley property include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
  3. 3.Results for the current (2012) mineral resource estimate are below;
  4. 4.2015 drill program confirms new high grade T2 discovery
  1. 5.Exploration and development plans outlined for 2016
  2. 6.Ongoing strategic partner search for River Valley project
  3. 7.Results for the most recent Metallurgical Testwork Study are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade potential, particularly in the north part of River Valley deposit

– Resources under evaluation for development potential as open pit mining operation


Click Image To View Full Size


Click Image To View Full Size

  1. 8.Results for the 2015 discovery drill program on the T2 target are as follows:

-Drill hole intercepts much higher than the average grade of current mineral resource estimate

-Possible new mineralized zone at the north end of the River Valley deposit

-Show potential to take the River Valley PGM Project in a new direction

-More drilling required


Click Image To View Full Size

  1. 9. Exploration and Development Plans for 2016
  • -Mineral prospecting and geological mapping on surface-Drill programs targeted to add more higher grade-Geological interpretation and 2D/3D modelling of all drill and surface results-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund of all exploration expenditures up to $300,000.-Strategic Partner Search for River Valley

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

” Harry Barr ” Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045

Email: [email protected], or visit www.pfncapital.com

Harry Barr Suite 101 – 2148 West 38th Ave., Vancouver, BC, V6M 1R9

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements. This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K Inferred, Teck Resources To Spend $12 MILLION To Earn 70% $EXS.ca

Posted by AGORACOM-JC at 1:02 PM on Friday, May 6th, 2016

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 2.5 KM From Lake Shore Gold Mine
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • Diamond Drilling winter 2015/2016

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

12 Month Stock Chart

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Sexy Finance: How I came around to Fintech Compliance

Posted by AGORACOM-JC at 5:10 PM on Thursday, May 5th, 2016

By: Darcy Brooks

Director Marketing and Communications | KoreConX

I’m not a natural fit for finance.

I never liked math, thought banks were boring places to work, slow-moving and conservative institutions, and while money may rule the world, I had little interest in it.  But much has changed for me and for finance over the last few years.  We’ve come together, somehow.

This week, I attended the FundIt Crowdfunding Conference in Las Vegas, to learn about regulatory compliance in equity crowdfunding, of all things, and I saw first hand how old-world financial regulations give way to, control, and accommodate technology, and how they don’t.

We were there to discuss Title III, Title IV crowdfunding rules, marketing, compliance, and technology, and everyone who’s currently anyone in the industry was there.  Douglas Ellenoff and Richard Swart each delivered keynote addresses, talking about how it all came about, where we are as an industry, and how far we still have to go.  Our CEO, Oscar Jofre, sat on two panels, alongside iDisclose’s Georgia Quinn.

A conference hall full of industry experts left galvanized and far better informed, but we missed one key player: the equity crowdfunding portals that will need to put these regulations into regular practice, and plan to operate under Title III Crowdfunding.  The rules are confusing even to those that have been around the JOBS Act for years, and if the industry’s newest players aren’t equipped to get it right, it means big scrutiny, and even curtailed growth for the equity crowdfunding industry as a whole. So where are they?

I think the entrepreneurial mindset plays a role. Being willing to break and bend the rules has been a mainstay of successful entrepreneurs.  Consider Uber, AirBnB and the complete paradigm shifts in finance that gave birth to equity crowdfunding, peer-to-peer lending and the like.  Technology changed regulation.  So how does an industry founded on rule-changing ensure that everyone is walking in lock step, and that no issues arise from a lack of awareness of exactly what’s required?

FundIt Crowdfunding Conference was a large step in the right direction, and I have to applaud the organizers for their foresight, but more initiatives in a similar vein are clearly needed.  We need to make compliance sexy, or at the very least, clear and easy.  This is no small feat (even the regulators were a little confused at times).

This was the first of what I think will be many events to focus on “crowd diligence”, and the burden of education is a heavy one.  It was extremely timely.  When Title III goes live May 16th, the industry needs to have its marching orders straight.

I think we need to treat this first discussion of “crowd diligence” as the first vibrations in what has to be a ripple effect.

I came by an interest in fintech and equity crowdfunding through immersion – I jumped off the deep end into subject matter I knew little about, and resurfaced with hope for the success and the potential of the big ideas of the future.  I’m an idealist, and alternative finance sounded so empowering.  It meant a paradigm shift in how we think about money.  I’m constantly reminded of something a professor of mine once said, that “money is the most concentrated form of human energy”.  Pure motive force.  I’ve been fascinated by startup culture from the beginning, and the equity crowdfunding reeked of immense potential.

This is what made finance sexy to me.  It may be the most truly democratic idea I’ve ever come across.  After all, money is money no matter where it came from, and we’re all voting with it.

Regulations are never perfect, but they are there to keep things moving forward and minimize the bumps in the road.  I can’t speak to where these new market entrants are coming from – business, finance, entrepreneurship, or some combination thereof – but I think we’ve taken steps towards becoming evangelists for both sides of the equity crowdfunding coin; innovation and regulation.

We’ve had the first industry “crowd diligence” conversation, but we need to keep talking.

 

 

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CLIENT FEATURE: American Creek’s Treaty Creek Included In Seabridge Gold Plan To Take KSM Into Production $AMK.ca

Posted by AGORACOM-JC at 2:09 PM on Thursday, May 5th, 2016

AMK: TSX-V, ACKRF: OTC Pink

WHY AMERICAN CREEK RESOURCES?

  • Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims
  • So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

RECENT HIGHLIGHTS

  • Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
  • Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing Read More
  • TSX Venture Exchange approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016. Read Our Recent Blog

Exceptional Properties

Electrum Gold-Silver Property, British Columbia – 100% owned

The Electrum property has a rich history with some of the highest grade hand-mined ore mined in North America combined with excellent logistics. The property is located directly between two high-grad vein gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017).All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.

The Electrum Property holds significant potential to attract mining companies when considering its high-grade nature combined with the exceptional logistics in place.

  • Located in the prolific Golden Triangle of northwestern British Columbia, an area encompassing mineral rich belts that host more than 43 past producing mines including Eskay Creek, Silbak Premier, Granduc and Big Missouri.It is a hotbed of activity with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
  • Located in a particularly rich valley with 4 past producing commercial mines and a 5th in the adjacent valley.
  • Includes the historic East Gold Mine that had intermittent small-scale production of approximately 46 tonnes of ore with grades averaging 1,661 grams of gold per tonne and 2,596 grams of silver per tone (roughly 50oz gold with 75oz silver).
  • Mineralization is believed to be very similar to the silver-gold-base metal veins responsible for the precious metal mineralization found in the Silbak Premier Mine and the Big Missouri mines (located in same extended valley).
  • Pretiums Brucejack Summary Report (for exploration) compares itself geologically to the Silbak Premier mine as well.
  • Exceptional gold and silver assays including 440 g/t gold with 400 g/t silver over 0.52m, with numerous silver intervals of 583g/t, 501 g/t, 420 g/t, 384 g/t in core, and surface samples of 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver.
  • A very successful program was run in 2015 wherein:
    • A new approach focusing on high-grade was employed very successfully
    • A new zone of gold / silver mineralization was discovered
    • A better understanding of the property geology was obtained
    • Surface samples from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold



  • The program proved the Electrum Property has multiple high-grade gold-silver epithermal breccia vein systems and gave us a better understating of their sequencing.
  • Excellent logistics including road access, power located 2 km away and a bulk tonnage shipping port and supportive mining town located just40 km away in a mining friendly jurisdiction.

The high-grade ELECTRUM PROPERTY recently had a program run on it. CLICK HERE for the Electrum presentation and HERE for the 2015 drill program presentation. The highly mineralized gossans on the Electrum are shown in the image at the top of this page.

2015 Drill Program Presentation

Treaty Creek Gold-Copper Property, British Columbia – 51% Joint Venture

Treaty Creek Property


Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.

Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

Seabridge Gold’s KSM is the world’s largest undeveloped gold/silver project by reserves while Pretium’s Brucejack is the highest grading undeveloped large-scale gold project in the world.KSM has just past the environmental and permitting stage while the Brucejack is in construction phase.
Treaty Creek is part of the same large hydrothermal system as it’s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on the neighbours claims, the same major fault system (Sulphurets) that is responsible for KSM’s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.

The Treaty Creek property is in a strategic location as it’s included in Seabridge’s plan for the KSM to go into production. Seabridge has proposed twin tunnels that would take the KSM ore through American Creek’s Treaty Creek property to a processing plant and tailings pond.

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Fintech: The New World Order

Posted by AGORACOM-JC at 11:12 AM on Thursday, May 5th, 2016

Like most of you today, I spend a lot of time reading about fintech. You can get massive amounts of news reports and companies talking about fintech, saying that they’re part of Fintech.  But what does “fintech” really mean?

Fintech is not new, but it has been given a facelift. Most would say that financial technology (or FinTech) has been around for a long time, and they’re correct.  It isn’t new per se, but it is evolving faster now than ever, and changing how business is done. What makes Fintech so disruptive that it’s affecting all the institutional pillars in one strike.  The pillars (Banking, Capital Markets, Private Equity, Insurance, Legal,  Regulatory), all of which are long standing institutional pillars in our business society that had been static – and stagnant– for too long.

Like many new sectors, in order to make sense of it and what it’s doing, you need to break it down into  all the component parts  to see how each affects what we’re doing or working on.

Fintech is a financial revolution, or as many call it, an EVOLUTION.

Fintech is for either B2C business to consumer financial disruptions which there are many changes occurring industry-wide that benefit the consumer.  While most are at the banking level of disruption, insurance and regtech are not far behind.

Let’s take a minute to talk about B2B (Business to Business) fintech.   B2B Fintech is focusing on altering the institutional pillars that affect how a business uses them to acquire the services they offer or capital.

Fintech B2B disruption has a number of segments that are being disrupted simultaneously, causing issues for long-standing institutional pillars of banking, insurance, legal, and regulatory.

Let’s look at all the five segments of B2B Fintech

Alternative Finance (Altfi)

Capital raising was ripe for change the collapse of the financial markets in the USA and worldwide became the final straw that opened this market up.  Today, we have alternative finance portals for debt or equity that help businesses access capital directly from individual investors, bypassing banks, venture capitalist, private equity groups, and the like.

Insurance (InsurTech)

This is one of the oldest established financial industries,  and for decades companies involved in it have done little to innovate, and the market has stayed fairly stagnant.  Today, we have a number of new players that have left those institutions to set up the new Fintech Insurance companies.  They’re making change a reality, and at the end of it all, it’s the company that  ultimately benefits. For decades, they paid the high cost of old institutional ways of operating and servicing their clients, but no longer.

Legal

Many in the legal sector say that you can’t disrupt the legal business. This statement is partly true, and false.  Yes, it’s true we still need lawyers with the expertise to provide us advice in operating our companies.  But technology is changing how lawyers work and deliver those services to clients.  No longer does a business need to pay high costs to have documents created, or to create entities.  Now don’t make the mistake of assuming that this replaces the lawyer, which it does not.  The lawyers that embrace Fintech Legal understand their profession is going through a massive evolution, and that adapting means staying competitive, and driving value for their clients.

Banking

Of all the segments that felt the hit of Fintech, the one that was hit the hardest was probably banking.  The banking sector in the early days of Fintech made the mistake of dismissing these early entrants as nothing more than fly by night.  Now, looking back we know these “fly by nights” are now the norm.  Banks are feeling the attack on all fronts, from consumers, business, wealth management, and every other subsector.

Regtech

This final segment is crucial for Fintech B2B to become explosive.  The underlying issue with all the segments in Fintech is that the traditional pillars all rely on regulatory bodies to protect them.  The global marketplace has regulated companies for years for licensing, capital raising, etc.  RegTech is changing how we can open accounts with ID Verification, where money comes from with AML, how we validate companies,and  conduct backgrounds checks, all in realtime and in a cost effective manner.  There are many areas in regtech that are evolving, making it easier for businesses to reach their goals.

As you can see in the image, all five segments are changing because of one constant, the business.  Bringing all the five segments together requires a platform that aligns itself with the businesses at heart of it all, one that can bring a company through all five processes in a seamless manner, allowing Fintech to grow exponentially.

 

 

Standalone disruptions are not going to work if we don’t also include the the second “B” in B2B.  To date, fintech companies involved in B2B have only enacted tech disruption from the institutional segment perspective, and put little efforts in solving the overall business problem.

These innovators are doing a great job, but as I said, for this to really explode on a global scale the second “B” must also be considered, and in fact, should be front of mind.

Let’s look at alternative finance in terms of equity crowdfunding or debt: each have a common goal to help companies access capital more efficient from the crowd.  Equity Crowdfunding portals are in the business of bringing in companies, attracting investors, and performing due diligence, KYP, KYC, AML, ID Verification, Payments, and ensuring all closing docs are online.

Now what most don’t know is that before companies are listed, the portal’s professional compliance staff go to work. Their entire job is to review all the due diligence information provided by the company to the portal prior to being listed, and approve or decline.  The amount of Information that the portals need is extensive, as they need to make sure there will be no issues with their securities regulators, that they’re working to prevent fraud, and  also building credibility with their investor base.

Many feel that one day this requirement is going to be removed, and I can assure you it won’t be.  The operators of the portals are either professionals from the investment sector, or from private equity, and they’re not going to take that risk themselves, or hurt their investor base. That base relies on them doing all the heavy lifting before the deal gets posted on their platform.

So now we see how portals are changing the way that businesses access capital,  and what they need.  It isn’t an easy process for the portals.  It’s easy to see the ongoing issues portals are facing with on-boarding and post-transaction compliance related to the businesses they are helping.

Nobody had ever brought all five segments together in one place before KoreConX, allowing companies to access the full range of financial innovation  in a cost-efficient manner until KoreConX.

KoreConX works with all 5 segments to  create a seamlessly integrated ecosystem that can grow faster, reducing the friction in all five segments in B2B fintech.

The fintech sector is evolving rapidly, and the norm is no longer acceptable.  For those in Fintech, we have much work to do to truly and permanently alter current institutional pillars.  They haven’t made any progress in B2B and are now scrambling and acquiring their way into the market.  Players like Alphabet, Alibaba, and Microsoft are already making their presence felt, and many more are coming.

 

 

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Explor Closes a Private Placement of Unsecured Convertible Debentures $EXS.ca

Posted by AGORACOM-JC at 4:23 PM on Wednesday, May 4th, 2016

Exs_logo

  • Placement consists of an amount of $800,000 in capital in unsecured convertible debentures
  • Debentures bear interest at an annual rate of 8% and expire in one year from the closing of the Placement
  • Explor Resources invites investors to visit our booth at the following conference:
  • Booth #P28 (Pavilion) at the Big Event, Canadian Mining Expo in Timmins, Ontario, held at the McIntyre Community Centre from June 1 to June 2, 2016.

ROUYN-NORANDA, QUEBEC–(May 4, 2016) – Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) announces that it has closed a non-brokered private placement of $800,000 (the “Placement”). The Placement consists of an amount of $800,000 in capital in unsecured convertible debentures (the “Debentures“). The Debentures bear interest at an annual rate of 8% and expire in one year from the closing of the Placement. Each holder of Debentures will be entitled to convert the principal amount of the Debentures in common shares of the Corporation, at a price of $0.15 per share. Therefore, the Corporation will reserve an aggregate number of 5,333,333 common shares of its capital stock in the event of the conversion of the full principal amount of the Debentures.

In connection with the Placement, a total of 426,667 non-transferrable warrants will be issued to two finders. Each warrant will be exercisable at $0.15 per common share of Explor for one (1) year from the closing date of the Placement.

The Debentures and any shares that may be issued on conversion of the Debentures, as well as any shares that would be issued on exercise of the finders’ warrants are subject to a hold period of four months and one day, expiring September 5, 2016.

The Placement is conditional to the final approval of the TSX Venture Exchange.

Explor Resources invites investors to visit our booth at the following conference:

Booth #P28 (Pavilion) at the Big Event, Canadian Mining Expo in Timmins, Ontario, held at the McIntyre Community Centre from June 1 to June 2, 2016.

The management team at Explor Resources Inc. looks forward to having you join us.

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 Limited 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:
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:
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.

Explor Resources Inc.
Christian Dupont
President
819-797-6050
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com

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Uragold Provides Update to Purevap(TM) Process, Roncevaux Program, Beauce Gold Spinout, Name Change and Upcoming AGM $UBR.ca

Posted by AGORACOM-JC at 9:08 AM on Wednesday, May 4th, 2016

Uragold_new

  • PyroGenesis Canada Inc. (“PyroGenesis”) has advised Uragold that the PUREVAPâ„¢ Quartz Vaporization Reactor (QVR) validation program, now in its beneficiation stage, will take slightly longer than originally anticipated
  • Uragold expects testing to recommence by the middle of May and expects to receive samples from PyroGenesis within 2 weeks of recommencement barring any further such delays.

MONTREAL, QUEBEC–(May 4, 2016) – Uragold (TSX VENTURE:UBR)(FRANKFURT:UGE)(OTC PINK:URAGD) would like to inform its shareholders that PyroGenesis Canada Inc. (“PyroGenesis”) has advised Uragold that the PUREVAPâ„¢ Quartz Vaporization Reactor (QVR) validation program, now in its beneficiation stage, will take slightly longer than originally anticipated.

The reason for the delay is not significant and was due to the failure of an off-the-shelf electrode. PyroGenesis has already redesigned a custom electrode and fabricating it this week.

Uragold expects testing to recommence by the middle of May and expects to receive samples from PyroGenesis within 2 weeks of recommencement barring any further such delays. At that time, Uragold will be shipping the samples to the independent laboratory for analysis. Generally speaking, Uragold anticipates receiving such results within two weeks but reminds investors the exact timeline is beyond its control.

Pierre Carabin, Director of Engineering of PyroGenesis stated: “Over the last month, 5 tests have been performed on the Purevapâ„¢ QVR system. In the first test, the functionality of the furnace was verified and we confirmed its ability to operate at high temperature. In the second test, operated at low power, we demonstrated for the first time, the production of silicon metal.” (Uragold April 19, 2016 Press Release)

Mr. Carabin then stated: “The next 3 tests were aimed at beneficiation part of the process. During these high power tests, unexpected mechanical failure of one of the off-the-shelf electrodes occurred. PyroGenesis has applied its know-how of plasma systems to redesign a custom electrode. A new electrode was designed and is being fabricated during the course of this week. The furnace will be back in operation by the middle of May at which point the testing program will resume.”

Bernard Tourillon, Chairman and CEO of Uragold stated “The extreme operating temperatures of the PUREVAPâ„¢ QVR process make for a very challenging environment (see Picture 1) but combining the recently announced breakthrough of making Silicon Metal with the proven leadership of PyroGenesis in developing and commercializing plasma processes makes this delay nothing more than a generally acceptable technical delay for such a testing program.”

Tourillon added “Events such as this are not uncommon when developing a new process but the following recent statement made by PyroGenesis CEO, P. Peter Pascali is the last word – ‘We look forward to the final results of our testing program and advancing to the pilot stage with Uragold.’

To this end, results achieved thus far justify that Uragold now move forward with a spring exploration campaign program on our Roncevaux Quartz Property in order to delineate a resource. This is the first step required for the preparation of a Preliminary Economic Assessment (“PEA”) of Roncevaux as the feed material for the PyroGenesis’ PUREVAPâ„¢ QVR process.

Picture 1: Purevapâ„¢ QVR system in operation (Source PyroGenesis)

http://media3.marketwire.com/docs/1053299.jpg.

ANTICIPATED TIMELINE FOR TESTING AND RESULTS

Having validated that the process works within the first 2 weeks of the program, the dynamic test protocols, which called for a first series of metallurgical tests to be completed at different operational settings in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si, should restart in the middle of May 2016.

The High Purity Silicon Metal produced by the reactor during this second stage tests will be sent to an independent laboratory for ICP – MS “Mass Spectrometry” analysis for final validation. Uragold anticipates a turnaround of about 2 weeks to get the analysis results.

ADDITIONAL FUND RAISING

Further to the company’s last press release announcing the raising of $520,000 from various instrument exercises, Uragold is pleased to report that, for the period April 26 – May 2 2016, $ 141,923.60 additional capital was raised through the exercise of 1,670,333 warrants.

BEAUCE GOLD SPIN OUT TO UNLOCK GREATER VALUE FOR CURRENT SHAREHOLDERS

On December 1, 2015, the Company first announced its intention to spin out its Beauce Gold Project for the purposes of unlocking greater shareholder value by separating the Company’s Silicon Metal and gold initiatives. Since that decision, the price of gold has risen $USD 250 (23.8%) per ounce from $1,050 to $1,300. The continued price appreciation in gold and gold exploration companies in 2016 gives management even greater confidence in the efficacy of this decision.

UPCOMING AGM – JUNE 22, 2016

Uragold wishes to inform shareholders that our AGM will be on June 22, 2016 at 10:00 AM. The meeting will be held at the offices of McCarthy Tétrault, 25th floor, 1000 Rue de la Gauchetière W, Montreal, Quebec, in the MTL/QC conference room. We invite all of our shareholders to attend, meet management, vote on agenda items and discuss the company’s milestones, as well as, future plans.

Other then the standard auditors and directors’ nominations, the other key subjects to be discussed and approved by shareholders will be:

  • Approving the signature of the letter of intent and financing through convertible debenture private placements with Stone River Capital LLC (Stone River) or other entity defined by Stone River;
  • Considering, if deemed appropriate, passing a resolution approving and authorizing the creation of a control person in connection with and resulting from the issuances of convertibles debentures and the conversions thereof;
  • Considering, if deemed appropriate, passing a resolution approving the Spin out of its Gold assets into a separate company whereby the Corporation will transfer into a new company (Newco) all its gold assets including all gold properties, all gold claims and all interest or participation therein (gold assets) and returning to its shareholders 80% of the shares received from Newco in payment for all gold assets sold and transferred;
  • Considering, if deemed appropriate, passing a special resolution approving the change of the name of the Corporation to Canada Silicon Resources Inc. or such other name that could be acceptable to the Director of Corporate Affairs of Industry Canada and the Directors;

About Uragold

Uragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Uragold has announced plans to spin out its Beauce Gold Project – the largest placer gold deposit in eastern North America. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPâ„¢ Quartz Vaporization Reactor (QVR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPâ„¢ QVR process have demonstrated that it can transform high purity quartz into silicon metal. The PUREVAPâ„¢ QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAPâ„¢ QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

The PUREVAPâ„¢ QVR process’s big advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The Science Behind PyroGenesis PUREVAPâ„¢ QVR Process Is Solid:

  • Plasma arc based process can and has transformed High Purity Quartz into Mg Si.
  • Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.
  • Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

What is unique and ground breaking is the combination of these three proven processes into one step.

A Green And Clean Company

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAPâ„¢ QVR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

High Purity Quartz Properties

Uragold is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

About Our Beauce Gold Project – Preparing To Be Spun Out To Unlock Value

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 37 claims 100% owned by Uragold Bay Resources, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

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 securities 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.

Shares outstanding: 123,235,341

Bernard J. Tourillon, Chairman and CEO
(514) 907-1011

Patrick Levasseur, President and COO
(514) 262-9239
www.uragold.com

Carl Desjardins, Paradox Public Relations Inc.
(514) 341-0408

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CLIENT FEATURE: Nevada Energy Metals (BFF: TSX-V) Powering Our Green Future $BFF

Posted by AGORACOM-JC at 12:01 PM on Friday, April 29th, 2016

TSX-V: BFF, OTC Pink: SSMLF

Why Lithium?

 

  • Major companies such as Sony and Panasonic got behind lithium as an anchor material in a possible successor to the lead-acid battery paradigm.
  • Although it took decades, lithium-based batteries are now the industry standard.
  • Lithium has limited supply and increasing demand.
  • Lithium seems untouched by economic downturns.
  • Lithium prices increased by about 20% in 2014 and by a larger percentage in 2015 when gas, coal and natural gas were down 50%
  • Climate change has lead to the frenzied search for green energy solution
  • Because of its high reactivity, lithium does not occur as a pure element in nature but is contained within minerals in a range of hard rock types or in brine solutions (elements contained in salty water) in salt lakes, “salars.” Lithium’s primary driver for growth is:

Batteries and grid-scale energy storage:

  • Most important use of lithium is in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras, gaming consoles and hundreds of other electronic devices.
  • Lithium-ion batteries are increasingly used for bikes, power tools, forklifts, cranes and other industrial equipment. In essence, lithium powers modern technology.

Benchmark Mineral Intelligence estimates that the

“EV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.”

We have already seen Tesla increase the land holding of their $5 billion under-construction lithium-ion battery factory and Faraday Future strike a deal to build a $1 billion electric car plant.

Nevada Energy Metals Acquires 100% Ownership in Clayton Valley BFF-1 Lithium Project

  • Announced acquisition of 60 claims in Clayton Valley, Esmeralda County, Nevada
  • 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations
  • Also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource
  • 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020

Nevada Energy Metals Expans Lithium Exploration Potential at San Emidio

Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

Projects

  • Acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada.
  • Property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America’s only producing brine based Lithium mine supporting lithium production since 1967.
  • Access to Teels Marsh is via dirt road, west of Highway 95 and northwest of Highway 360.

Teels Marsh West is a highly prospective Lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins.

  • Located 12 km (7.5 miles) northeast of Albemarle Corporation’s (formerly Rockwood Lithium),Silver Peaksolar evaporation ponds. Silver Peak is the only producing brine-based lithium facility in North America.
  • 60-40 earn-in joint venture with Dajin Resources Corp.
  • In addition to its proximity to Silver Peak, the property is 20 km (12.5 miles) east-northeast of Pure Energy Minerals’ Clayton Valley exploration project.
  • Preliminary data from ongoing exploration activities on the property, suggest that Alkali Lake could be situated on one of the most prospective areas in the entire basin.
  • Lithium assay results from sediment sampling carried out on the Alkali Lake property confirmed the presence of near-surface lithium at grades ranging from 73 ppm to 382 ppm.

  • Early stage exploration property, located in the northern foothills of the Alaska Range, which contains VMS (volcanogenic massive sulfide) mineralization.
  • Property is located in the east portion of the Bonnifield Mining District, central Alaska, approximately 60 mi (96 km) south of Fairbanks, Alaska (Figure 1).
  • Property consists of 36 quarter-section State of Alaska mining claims (Galleon 1-36; Appendix 1) held by Anglo Alaska Gold Corporation (AAGC). Rock Star Resources Inc (RSRI) holds the rights to a 100% earn-in interest under an agreement with AAGC to pay for exploration and make required payments.
  • Access to the Property currently is only by helicopter, or by trail from a nearby airstrip, however, strong potential exists for future development of a road connecting the Property with an existing mine road system to the west.
  • The claims are subject to a 3% Net Production Royalty to the State of Alaska beginning 3.5 years after mine start-up. All claims comprising the Galleon Property are in good standing at the time of this writing.

Energy metal markets are booming

The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.

And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for future lithium use will be in electric vehicles and home batteries for solar panels. That has lithium on the verge a boom for which supply can no longer be taken for granted.

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CLIENT FEATURE: Explor Resources (EXS: TSX-V) Flagship Property Hosts NI 43-101 Resource of 609,000 oz Indicated / 470,000 Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 10:34 AM on Thursday, April 28th, 2016

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 2.5 KM From Lake Shore Gold Mine
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • Diamond Drilling winter 2015/2016

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

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VirtualArmor Posts 2015 Revenue Growth of 53% Year over Year to over USD $7,000,000 (CAD $10,000,000) $VAI.ca

Posted by AGORACOM-JC at 5:12 PM on Tuesday, April 26th, 2016

Vai_hub_logo_large_copy

–2015 Revenue Growth of 53% Year over Year to over USD $7,000,000 (CAD $10,000,000)

2015 Financial Highlights

  • Total revenue for 2015 increased by 53% to $7,366,309 compared to $4,813,410 in 2014. The increase in revenue was directly related to a significant increase in the number of customers being served.
  • Hardware and software sales revenue increased by 69% to $5,780,084 in 2015, compared to $3,417,928 for in 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from new and existing customers.
  • Managed and professional services revenue increased by 14% to $1,576,965 in 2015, compared to $1,378,386 in 2014.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, April 26, 2016 – VirtualArmor International Inc. (“VirtualArmor” or the “Company“) (CSE: VAI) today announced fourth quarter (Q4) financial results for the three and twelve-month period ended December 31, 2015. All figures are in USD.

“2015 was a year of market expansion as we saw our top line grow by 53% over the previous year while continuing to partner with leading cyber security technology providers and increasing our customer base to include leading enterprises,” said Todd Kannegieter, CEO of VirtualArmor. “The revenue growth we saw over the past year was driven primarily by an increase in hardware/software sales to new customers as well as existing ones that upsized their orders. In addition, our managed services platform which serves as a source of multi-year recurring revenues saw an increase of 35% in monthly contractual billings at year-end 2015 vs. 2014 as initial product sales turned into three plus year contracts to manage the solutions purchased.”

“Looking forward into 2016, our company has a clear focus to continue partnering with leading cyber security technologies and expanding our sales channel to support incremental revenue growth across all of our business lines,” continued Todd Kannegieter. “In addition, we will continue scaling our hardware/software sales and increase our high margin managed services to become a larger percentage of overall revenues, and ultimately the main driving force to our bottom line.”

“Lastly, during the third quarter of 2015 we began trading on the Canadian Securities Exchange and in doing so incurred a onetime listing expense of $4,166,285 which was the primary contributor to our net loss for the year,” said Todd Kannegieter. “In the coming quarters we anticipate this figure to normalize to better reflect our core earnings power as a business.”

Fourth Quarter Financial Highlights

  • Total revenue for Q4 2015 increased by 101% to $2,492,695, compared to $1,236,528 in Q4 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from existing customers.
  • Hardware and software sales revenue increased by 137% to $2,077,923 in the quarter ended December 31, 2015, compared to $877,379for in 2014.
  • Managed and professional services revenue increased by 16% to $413,956 in the quarter ended December 31, 2015, compared to$355,428.
  • Net income and comprehensive income for Q4 2015 was $915,230 as compared to a net loss of $31,433. The increase in net income is due to a gain on the fair value of a warrant derivative liability.
  • As at December 31, 2015, the Company’s cash balance was $250,812 compared to $95,978 as at December 31, 2014.

2015 Financial Highlights

  • Total revenue for 2015 increased by 53% to $7,366,309 compared to $4,813,410 in 2014. The increase in revenue was directly related to a significant increase in the number of customers being served.
  • Hardware and software sales revenue increased by 69% to $5,780,084 in 2015, compared to $3,417,928 for in 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from new and existing customers.
  • Managed and professional services revenue increased by 14% to $1,576,965 in 2015, compared to $1,378,386 in 2014.
  • The Company recorded a net loss of $3,403,391 (0.09 per share) for the year ended December 31, 2015 as compared to net income of$122,944 (0.00 per share) for the year ended December 31, 2014. The table below details certain non-cash and other transactions that for the purposes of this discussion have been adjusted out of the reported loss to produce an adjusted loss that forms a better basis for comparing the year-over-year operating results of the Company.
2015$ 2014$
(Loss) income for the year as reported (3,403,391) 122,944
Add (deduct):
Listing expense 4,166,285 –
Change in fair value of warrant derivative liabilities (1,169,751) –
G&A expense – share-based compensation 399,674 17,914
Adjusted (loss) income for the year (1) (7,183) 140,858
(1) Adjusted loss for the year is not a term recognized under IFRS. Non-IFRS measures do not have a standardized meaning. Accordingly, non-IFRS measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

Operational Highlights:

  • During the quarter, the Company:
    • Commenced trading on the CSE under the symbol VAI.
  • Subsequent to the quarter, the Company:
    • Closed approximately $2,400,000 USD in orders over a 90 day period beginning December 1st, 2015.
    • Reduced shares outstanding with the voluntary escrow of free trading shares and canceled a previously announced private placement due to a favourable exercise of warrants.
    • Added three leading cybersecurity solutions to managed services platform.

About VirtualArmor
VirtualArmor is a cyber security company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core. As a managed security services provider, VirtualArmor’s services run 24 hours per day, 7 days per week, 365 days per year through its primary security operations center (“SOC”) located in Middlesbrough, U.K. and a secondary SOC located in Salt Lake City, Utah. Each member of VirtualArmor’s team supports the three main facets of its business: managed services, professional services, and hardware sales, by handling the design, configuration and installation of advanced network and cloud architecture solutions. VirtualArmor uses best-in-breed partnerships to provide solutions for customers that are affordable, highly reliable, scalable, and backed by thorough knowledge of the related technologies, products, and platforms. VirtualArmor has secured partnerships with established technology businesses specializing in network appliances, software, and systems and provides its services to the mid- to large- enterprise and service provider markets. VirtualArmor customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple service providers with presences throughout the United States, and household name enterprise organizations located primarily in the western United States. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, http://www.virtualarmor.com/.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmor. Although VirtualArmor believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmor cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmor disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE Virtual Armor

Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, [email protected]; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, [email protected] CNW Group 2016

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