Posted by AGORACOM
at 8:23 AM on Wednesday, July 17th, 2019
Drilling has resumed at the C.O.D. North vein, where sample results last year ranged up to 21.7 grams per tonne gold over 0.4m
The new geophysical anomaly on the Gold Drop property is centered at the intersection of three interpreted major fault-conduit structural lineaments two of which are coincident with known structures: C.O.D. vein system and a cross-fault.
The anomaly measures 1834 by 1377m and is interpreted as a pipe-like structure requiring drilling to a depth of at least 400 and up to 764 metres.
The most significant gold drill intersections (core length) from the phase 3 diamond drilling on the COD vein are as follows:
COD18-3: 14.62 g/t Au over 2.1 metres;
COD18-26: 10.30 g/t Au over 1.4 metres recovered core (within 2.35-metre interval);
Posted by AGORACOM-JC
at 8:18 AM on Wednesday, July 17th, 2019
Entered into a Memorandum Of Understanding with Skyrocket Entertainment, a gaming, film and media brand rights entity, to integrate its patent-pending video advertising technology into Skyrocket’s gaming platforms.
Skyrocket Entertainment is an exciting new venture cornering a gap in the market by migrating iconic Hollywood feature films and branded intellectual property rights into the worldwide gambling and social gaming sector.
Vancouver, British Columbia–(July 17, 2019) – Good Life Networks Inc. (TSXV: GOOD) (“GLN“, or the “Company“), a Vancouver-based programmatic advertising technology company, is pleased to announce that it has entered into a Memorandum Of Understanding (“MOU” or the “Agreement“) with Skyrocket Entertainment (“Skyrocket”), a gaming, film and media brand rights entity, to integrate its patent-pending video advertising technology into Skyrocket’s gaming platforms.
Skyrocket Entertainment is an exciting new venture cornering a gap in
the market by migrating iconic Hollywood feature films and branded
intellectual property rights into the worldwide gambling and social
gaming sector. Skyrocket Entertainment recently acquired the
international rights to 75 iconic feature films including Rambo 4, The Expendables and The Fallen
franchise and is in negotiations with major Hollywood film studios on a
further 100 films. Skyrocket will transform these world-renowned
stories and characters into new gaming content and products for Social
Money Gaming and Real Money Gaming such as Slots, Instant Games, bingo
and lotto. The average online slot game delivers significant long-term
revenue, which generates new revenue streams for moviemakers. Pursuant
to the MOU, Skyrocket will work with GLN to implement the Company’s
advertising technology into the worldwide online gaming sector, an
industry valued at $52 billion this year.1
Jesse Dylan, CEO of GLN commented, “Skyrocket’s
innovative and immersive approach to gaming is the perfect fit for GLN’s
technology. This partnership will give GLN access to an exclusive
audience coveted by today’s advertisers with gaming content focused and
built around iconic Hollywood brands”
Skyrocket CEO, Sean O’Kelly, added: “We’re excited to be working with GLN and their pioneering technology on this innovative venture.”
Correction:
GLN also wishes to correct information published in the News Release
dated May 10th, 2019 in which Matt Hopkins was announced as President of
GLN. Mr. Hopkins’ correct title should have read President of GLN’s
Mobile division.
About Skyrocket Entertainment:
Skyrocket Entertainment www.theskyrocket.co
merges the film and media worlds with the Gaming Industry, creating
more immersive games from film & media brands. Skyrocket
Entertainment is a snappy content generator delivering via licensed and
certified gaming platforms. Skyrocket’s USP is the attractiveness of
using film and TV IP with established audiences, a team that knows how
to build software to market regulation and services which standardise
integrations to distributors, operators and their players.
The GLN Story
GLN’s patent pending technology is the engine that sits between
advertisers and publishers. A highlight of GLN’s tech is that it does
not collect PII (Personal Identifiable Information). Built for cross
device video advertising: Mobile, In-App, Desktop and CTV (Connected
Television) the GLN Programmatic Video Advertising Platform has among
the lowest fraud rates of similar vendors in the industry. Advertisers
make more money by reaching their target audience more effectively. GLN
makes money by retaining a percentage of the advertiser’s fee.
GLN is headquartered in Vancouver, Canada with offices in Newport
Beach and Santa Monica California, New York and UK and trades on the
TSXV under the stock symbol “GOOD” and The Frankfurt Stock Exchange
under the stock symbol 4G5. For further information on the Company,
visit www.glninc.ca
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.
Forward Looking Statements:
Forward-looking statements relate to future events or future
performance and reflect the expectations or beliefs regarding future
events of management of GLN. This information and these statements,
referred to herein as “forwardâ€looking statements”, are not historical
facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates
and forecasts and statements as to management’s expectations and
intentions with respect to the Company’s agreement with Skyrocket. These
statements generally can be identified by use of forward-looking words
such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”,
“believe” or “continue” or the negative thereof or similar variations.
These forwardâ€looking statements involve numerous risks and
uncertainties and actual results might differ materially from results
suggested in any forward-looking statements. Important factors that may
cause actual results to vary include without limitation, risks relating
to the success of the integration with Skyrocket’s platform, success of
any film property customized and marketed in the gaming industry and
general economic conditions or conditions in the financial markets or
gaming industry.
In making the forwardâ€looking statements in this news release,
the Company has applied several material assumptions, including without
limitation that the agreement between GLN and Skyrocket will generate
the results per GLN management’s expectations. GLN does not assume any
obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those reflected in the
forward looking-statements, unless and until required by applicable
securities laws. Additional information identifying risks and
uncertainties is contained in GLN’s filings with the Canadian securities
regulators, which filings are available at www.sedar.com.
Tags: adtech, CSE, digital advertising, stocks, tsx, tsx-v Posted in Good Life Networks | Comments Off on Good Life Networks $GOOD.ca Signs MOU with Skyrocket Entertainment to Power Film Branded Gaming Content #adtech $TTD $RUBI $AT.ca $TRMR $FUEL
Posted by AGORACOM-JC
at 7:31 AM on Wednesday, July 17th, 2019
First Signed Franchise ApplicationÂ
Consolidation Shows 350% Growth
Retail Product Kiosks LaunchedÂ
VANCOUVER, July 17, 2019 - EMPOWER CLINICS INC. (CSE: CBDT) (Frankfurt 8EC) (“Empower” or the “Company“), a vertically integrated and growth-oriented CBD life sciences company, and a multi-state operator of medical health & wellness clinics, is pleased to announce it has received it’s first signed franchise application and that the Company has filed on sedar.com, the Business Acquisition Report (BAR) for the Sun Valley Certification Clinics Holdings LLC acquisition.
The Company continues to reach a number of important milestones on
its path forward, as a global health and wellness company, serving the
needs of patients through its network of physician-staffed health and
pain management clinics, formulating CBD based products and developing
its first CBD extraction facility.
HIGHLIGHTS
First Signed Franchise Application The Company’s Sun
Valley Health division has received its first signed application for a
Sun Valley Health Franchise in the U.S., marking an important milestone
that the Company expects has the potential to change the landscape of
how patients and consumers will access qualified and approved physicians
for consultations for alternative health and treatment options
throughout the country.
Company Files Sun Valley Business Acquisition Report (BAR) The
Company has filed the required Business Acquisition Report (BAR) for
the Sun Valley Certification Clinics Holdings LLC acquisition closed April 30th,
2019. The report highlights the audit of Sun Valley and the
consolidation of Empower Clinics and Sun Valley financial results, if
combined for full year 2018 and 1Q 2019.
Consolidation Shows 350% Growth The Business
Acquisition Report (BAR) after the completion of the 2018 Sun Valley
audit shows there would be a 350% growth in Company revenues under
consolidation. 1Q 2019 consolidated results show there would be in
excess of 500% growth under consolidation.
“The Sun Valley acquisition is accretive to the Company in so many
tangible ways, through increased brand awareness, to bringing onboard a
talented energetic team, and providing even greater access to patients,”
said Steven McAuley, CEO of Empower. “With the release of
the BAR, we are now able to demonstrate the significant financial
benefit these assets provide to our growing company.”
HIGHLIGHTS Continued
Retail Product Kiosks Launched The Company has completed the set up of its first full retail product kiosk and display area in one of its key Phoenix
clinics, that includes over (40) product SKU’s, including the CBD lines
of Sollievo, Sun Valley Science and a variety of premium health
supplements.
Extraction Facility Progress The Company has submitted
its hemp-handlers license application to the Oregon Department of
Agriculture and paid the required fees to ensure the new 5,000 sq. ft.
facility in Sandy, OR will be fully compliant with all Oregon
regulations and permit requirements. Security systems and IT networks
have been installed in preparation for the next phase of build-out and
extraction equipment installation.
CBD Market Demand The passing in the United States of the US$867 billion Agriculture Improvement Act (the “Farm Bill“)
has legalized hemp and hemp-based products. This has created an
opportunity for the production and sale of a variety of CBD-based
products that can provide genuine help and effective relief to millions
of people suffering from a variety of qualifying conditions. Recent
reports and studies indicate the approval of the Farm Bill could create a
US$20 billion industry by 2022.
ABOUT EMPOWER
Empower is a leading multi-state operator of a network of
physician-staffed clinics focused on helping patients improve and
protect their health through innovative physician recommended treatment
options. Operating as a vertically-integrated health & wellness
brand with it’s first hemp-derived CBD extraction facility under
development, the Company can produce and package its proprietary line of
cannabidiol (CBD) based products and distribute through company owned
and franchised clinics, with wholesale partnerships, online and with
retailers nationwide.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley Chief Executive Officer
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS
This news release contains certain “forward-looking statements”
or “forward-looking information” (collectively “forward looking
statements”) within the meaning of applicable Canadian securities laws. All
statements, other than statements of historical fact, are
forward-looking statements and are based on expectations, estimates and
projections as at the date of this news release. Forward-looking statements
can frequently be identified by words such as “plans”, “continues”,
“expects”, “projects”, “intends”, “believes”, “anticipates”,
“estimates”, “may”, “will”, “potential”, “proposed” and other similar
words, or information that certain events or conditions “may” or “will”
occur. Forward-looking statements in this news release include
statements regarding; the Company’s intention to open a hemp-based CBD
extraction facility, the expected benefits to the Company and its
shareholders as a result of the proposed acquisitions and partnerships;
the terms of the proposed acquisitions and partnerships; the
effectiveness of the extraction technology; the expected benefits for
Empower’s patient base and customers; the benefits of CBD based
products; the effect of the approval of the Farm Bill; the growth of the
Company’s patient list and that the Company will be positioned to be a
market-leading service provider for complex patient requirements in 2019
and beyond. Such statements are only projections, are based on
assumptions known to management at this time, and are subject to risks
and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
forward-looking statements, including; that the Company may not open a
hemp-based CBD extraction facility; that the hemp-based CBD extraction
facility may not be fully operation by Q2 2019 if at all; that
legislative changes may have an adverse effect on the Company’s business
and product development; that the Company may not be able to obtain
adequate financing to pursue its business plan; general business,
economic, competitive, political and social uncertainties; failure to
obtain any necessary approvals in connection with the proposed
acquisitions and partnerships; and other factors beyond the Company’s
control. No assurance can be given that any of the events anticipated by
the forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. Readers are cautioned not to
place undue reliance on the forward-looking statements in this release,
which are qualified in their entirety by these cautionary statements.
The Company is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements in this release, whether as a result of new information,
future events or otherwise, except as expressly required by applicable
laws.
Posted by AGORACOM-JC
at 7:25 AM on Wednesday, July 17th, 2019
Announced that its U.S. Subsidiary Worm Casting Farms Inc. has signed a LOI with USA Hemp to process its Hemp derived wet biomass Hemp from its 298 Acre Hemp Farm in Oregon State.
USA Hemp possesses 298 Acres of hemp to process for Worm Casting Farms with an estimated 4,250,000 lbs of Hemp derived wet biomass per harvest.
VANCOUVER, British Columbia, July 17, 2019 — BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE: BOG) (8BV-FF:Frankfurt Stock Exchange) – The Company is pleased to announce that its U.S. Subsidiary Worm Casting Farms Inc. (Worm Casting Farms) has signed a LOI with USA Hemp to process its Hemp derived wet biomass Hemp from its 298 Acre Hemp Farm in Oregon State.
USA Hemp Processing Agreement
Worm Casting Farms intends to enter into a Hemp Processing Agreement
with USA Hemp to process wet biomass. The percentage split will be
determined in a Definitive Agreement entered into after completion of a
due diligence period. Both parties will receive dividends to be realized
from the business operations of the Hemp Process Agreement.
USA Hemp possesses 298 Acres of hemp to process for Worm Casting
Farms with an estimated 4,250,000 lbs of Hemp derived wet biomass per
harvest. Worm Casting Farms will invest approximately $2,500,000 USD in
processing equipment that will include; a harvester, shredder,
separator, dryer, an extraction & distillation unit, and testing
facility. A detailed description will be provided in the Definitive
Agreement.
10 Acre Oregon Hemp Farm – Update
Further to the Company’s news release dated July 11, 2019, announcing
the contracting of a mobile processing unit (the “Mobile Processing
Unitâ€), the Company is pleased to report that the Mobile Processing Unit
will be arriving at the farm on July 22, 2019. The Mobile Processing
Unit will process dried biomass hemp from last year’s harvest. The total
amount to be processed is approximately 1,700 lbs of bio-mass and
processing take approximately 5 days. The anticipated value of the crop
is $250,000 USD in gross revenue and the Company anticipates a net
revenue before taxes $200,000 USD.
Island Biopharma Inc., — Update
Further to the Company’s news release dated June 11, 2019, the
Company has signed a definitive agreement (the “Biopharma Definitive
Agreementâ€) to complete the acquisition of Island Biopharma Inc.
(“Biopharmaâ€). Biopharma has developed a dedicated line of Cannabidiol
derived (“CBDâ€) products which include a proprietary CBD blended
tincture product with three specific recipes for anxiety, energy and
sleep.
According to an estimate from cannabis industry analysts the hemp-CBD
market alone could reach $22 billion by 2022. CBD can be used to
effectively to treat epilepsy, anxiety, insomnia and chronic pain. The
Island Biopharma CBD line is designed to harness the healing power of
cannabis without the psychotropic effects of THC.
Pursuant to the Biopharma Definitive Agreement the Company will
acquire 100% of Biopharma assets and current inventory. In return for
total consideration consisting of 10 million common shares of
Bougainville at a deemed price of CAD$0.07 per share equivalent to
CDN$700,000. Biopharma will contribute operational expertise, exclusive
licenses for products marketed in North America supported by an
intellectual property licensing agreement, and exclusivity for all
current and future technology for oil extraction in North America, which
will include sourcing of ingredients, nutritional chart, shelf-life, as
well as cost of ingredients and contacts. The final evaluation was
determined by an independent third-party evaluator.
About Island Biopharma Inc.
Biopharma has developed CBD blended formulas for tincture product
with three specific recipes for anxiety, energy and sleep. The
philosophy of Biopharma is to create products using the highest quality
of bio-active ingredients, and oil extraction methods that preserve the
essence of the cannabis plant. Biopharma has studied plant genetics for
their therapeutic effects by incorporating modern research techniques
and by analyzing the healing and therapeutic benefits of each strain
giving the company a huge range of combinations and therapeutic benefits
for specific ailments.
About Bougainville Ventures, Inc. Bougainville
Ventures Inc. is dedicated to rapid growth in production, processing,
retail and branding of cannabis and cannabis related products. Currently
the company provides strategic capital to the thriving cannabis
cultivation sector through ownership and development of commercial real
estate properties. We offer fully built out turnkey facilities equipped
with state-of-the-art growing infrastructure to cannabis growers and
processors. Also, the Company is focused on building a strong presence
in the hemp industry with the objective of extracting cannabinoids in
both Canada and the United States. Along with our flagship Hemp project
in Oregon State and the Greenhouse campus in Washington state, the
Company has proprietary formulas for cannabis edibles, topical, and
tinctures.
On behalf of the Board of Directors BOUGAINVILLE VENTURES INC.
Andy Jagpal, President and Director
For further information, please contact Andy Jagpal at [email protected]. Please note that our Toll free number has changed to 1-877-517-7816.
http://bougainvilleinc.com/
https://twitter.com/bougainvilleinc
FORWARD LOOKING STATEMENTS: This news release
contains certain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements are based on the
expectations and opinions of the Company’s management on the date the
statements are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
No regulatory authority has approved or disapproved the information contained in this news release.
Posted by AGORACOM
at 7:30 PM on Tuesday, July 16th, 2019
Barrick Gold Corporation’s offer for Acacia Mining PLC under review by Independent Mining Consultants
Arguing Acacia is worth 38% more than Barrick’s offer
The takeover offer and its effect on the Kakamega joint venture project between Acacia and Advance Gold are not yet understood
The Kakamega joint venture project is owned 85.37% by Acacia and 14.63% by Advance Gold
New licenses for the joint venture project were issued and exploration program is underway post rainy season
Kakamega – The Rosterman Mine
Acacia Exploration Kenya Ltd. (“Acaciaâ€) has 85.47% equity in the
Kakamega Project, which comprises the Rosterman, Burkura, and Sigalagala
Projects in Kenya, East Africa.
Rosterman SL267: The most northerly of the three
licences hosts the historic Rosterman mine, which is reported to have
produced in excess of 250,000oz Au at average grade in excess of 13g/t. Click Click here for map
Bukura SL265 and Sigalagala SL266: The southern licences host numerous significant historical colonial mines and areas of active artisanal mining. Click here for map
About Advance Gold Corp. (TSXV: AAX)
Advance Gold is a TSX-V listed junior exploration company focused on
acquiring and exploring mineral properties containing precious metals.
The Company acquired a 100% interest in the Tabasquena Silver Mine in
and the Venaditas project in Zacatecas state. Advance Gold also holds a
14.63% interest in the Kakamega project held by Acacia Mining (63% owned
by Barrick Gold Corporation)
Posted by AGORACOM-JC
at 4:42 PM on Tuesday, July 16th, 2019
HPQ Silicon (HPQ:TSXV) has thrown down the gauntlet with respect to traditional, mega producers of silicon metal with the following recent press release:
“HPQ PUREVAP™ Commercial Plant Costing Indicates Significant Capex Savings Versus Conventional Plants Producing Silicon Metal” In the actual press release itself, HPQ went even further with the following bold statement:
“With the Gen3 phase start just around the corner, we are getting closer to the time when market participants will have no choice but to take notice that we are the only viable low Capex and Opex alternative to producing Silicon Metal.â€
If that wasn’t enough, HPQ Silicon made direct reference to the two newest silicon metal plants to demonstrate massive capital cost and operating cost advantages. Specifically:
PCC BakkiSilicon hf ($300 Million Plant)
Mississippi Silicon ($220 Million Plant)Â
The gravity of these bold statements is even greater when you consider that HPQ’s world renown partners include Apollon Solar and PyroGenesis Canada, the latter of whom provided the data that led to the press release. Â
When you take a break from the summer heat, grab yourself a cold beverage and watch this interview with CEO, Bernard Tourillon. You just may thank yourself by the time winter arrives!
Posted by AGORACOM-JC
at 4:29 PM on Tuesday, July 16th, 2019
SPONSOR: Spyder Cannabis Inc. (TSX-V: SPDR) An established chain of high-end vape stores in Ontario, Canada. The company has an aggressive expansion plan already in place that will focus on Canadian retail and US Hemp-Derived kiosks in high traffic areas. Click here for more info.
(TSX-V: SPDR) ————————
CBD-based Functional Drinks Charm Health Conscious Consumers
Cannabis-based concentrates, extracts, and edibles are becoming highly popular among consumers
Specifically, the edible and beverage marketplace is quickly gaining popularity due to the ease at which customers can use the products
NEW YORK, July 16, 2019 — Each year, more and more countries are moving towards approving cannabis use. In particular, medicinal cannabis is witnessing immense support as most of the countries looking to enter into the market space are more keen on the medical sector due to the therapeutic benefits associated with cannabis. However, several regions around the world have also either decriminalized or legalized the use of recreational cannabis in moderate amounts. For instance, Canada completely legalized adult-use cannabis in late 2018. On the other hand, countries such as Colombia and Spain have only decriminalized recreational use, allowing adults to possess up to a certain amount.
Moreover, the U.S. has given states the jurisdiction to legalize
cannabis or keep the drug illicit. As a result, more than half the U.S.
legalized cannabis for medical use, while a fifth of the nation,
including the District of Columbia, allows for legal recreational usage.
While the medical marketplace is much more globally prevalent, the
recreational market is expected to overshadow the medical segment as the
North American market continues to mature.
Additionally, as the recreational market continues to expand,
consumers are also experiencing an influx of new products. Aside from
traditional cannabis flower, consumers can now choose from a variety of
products at dispensaries and retail stores. Now, cannabis-based
concentrates, extracts, and edibles are becoming highly popular among
consumers. Specifically, the edible and beverage marketplace is quickly
gaining popularity due to the ease at which customers can use the
products.
Furthermore, a large recreational user base exists for the edible and
beverage market, and the industry is heavily being accelerated by the
increasing demand for wellness products to treat a variety of health
concerns. According to data compiled by Reports and Data, the global
cannabis-based beverage market was valued at USD 1.57 Billion in 2018.
By 2026, the market is expected to reach USD 5.04 Billion while
exhibiting a CAGR of 15.4% during the forecast period.
The cannabis-infused edible and beverage market is expected to
witness a strong increase in demand, particularly for beverages over the
next several years. Canaccord Genuity analyst Bobby Burleson noted last
year that beverages packed with CBD or THC ingredients can account for
nearly 20% of the U.S. edible products markets by 2022, increasing from
6% in 2018. Burleson highlighted that the growing beverage industry is
becoming an attractive investment opportunity for beer and soda makers
and that data has shown that there is a direct correlation between
alcohol and cannabis consumption.
A joint research conducted by the University of Connecticut, Georgia
State University, and Universidad Del Pacifico discovered that counties
located in medical marijuana states witnessed a 15% reduction in monthly
alcohol sales. The conclusion of the study uncovered that cannabis and
alcohol are both substitutes for one another, meaning that they share
the same target audience. The study also indicates that as more
countries move towards cannabis legalization, more users will be
inclined to shift over to the cannabis market. The shift has even
prompted alcohol producers to enter into the cannabis industry to
maximize its consumer base reach.
While alcohol beverage producers may look towards developing THC
beverages, soda producers are looking to leverage CBD for health and
wellness beverages. Soda producers are specifically focusing on CBD
because of the consumer shifts from sugary drinks to more functional
options. Regardless of the market type, Canaccord expects both the THC
and CBD-based beverage markets in the U.S. to experience growth, as by
2022, Canaccord expects the demand for CBD beverages to reach USD 260
Million, while THC beverages are projected to reach USD 34 Million.
“Interest has spiked from the beer industry on mounting evidence of a
substitution relationship between cannabis and alcohol, while large soda
companies increasingly view CBD as a natural fit within their
strategically important wellness offerings,” Burleson wrote.
Posted by AGORACOM-JC
at 4:03 PM on Tuesday, July 16th, 2019
SPONSOR: Tartisan Nickel (TN:CSE)
Kenbridge Property has a measured and indicated resource of 7.14
million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has
interests in Peru, including a 20 percent equity stake in Eloro
Resources and 2 percent NSR in their La Victoria property. Click her for more information
“The macro is trumping the micro†has been a
near-constant refrain in metal markets this year as concerns about the
impact of the US-China trade spat on global growth have outweighed
robust supply and demand fundamentals. However, one industrial metal is
managing to buck the trend — nickel.
The price of the metal, which is used to
make stainless steel, has been on a tear since Indonesia pledged last
week to stick with plans to stop exports of unprocessed nickel ore in
2022. The ban is aimed at encouraging the domestic development of
value-added industries such as stainless steel production.
Since last week nickel has jumped 9 per
cent to an 11-month high above $14,000 a tonne, extending gains since
the start of the year to 30 per cent. In contrast, copper is up just 1.2
per cent in 2019, while aluminium has gained only 2.5 per cent.
Indonesia is the world’s second-largest
exporter of nickel ore after the Philippines and a key supplier to
China’s steel industry. If Jakarta goes ahead and bans overseas sales of
unprocessed ore it would severely limit China’s output of nickel pig
iron (NPI) — a cheaper form of the metal.
“[Were] a full ban to be imposed, this
would severely limit China’s NPI output, which currently accounts for 20
per cent of global nickel production,†BMO Capital Markets said in a
recent report.
Analysts believe the chances of an export
ban from Jakarta are high because of the rapid growth of its domestic
stainless steel industry, as showcased by a huge integrated operation on
the island of Sulawesi. But Indonesia, south-east Asia’s largest
economy, is just one factor driving the nickel price higher.
Demand for the metal has outstripped supply
for several years, helping to reduce stockpiles that have fallen from
around 500,000 tonnes in mid-2016 to fewer than 200,000 tonnes today.
Recommended Tail Risk Neil Hume Copper
price is being held hostage by macro jitters Production of “300 seriesâ€
stainless steel, which has a high nickel content, has been strong in the
first half of the year in China, say traders, although inventories have
also been climbing, raising questions about the real strength of
underlying demand.
Nonetheless, this has helped offset
weakness in other markets and led to genuine tightness for some
products. Another tailwind for nickel is the switch to cleaner energy,
as the metal is a key component in the battery packs that power electric
vehicles.
While that bullish narrative could unravel
if a group of Chinese companies succeeds in making battery-grade metal
more cheaply, it remains a long shot, say industry consultants. Of
course, after such a strong run it is probable that nickel — a
notoriously volatile metal — will pull back as the northern hemisphere
heads into a summer lull. However, if Chinese demand remains and
Indonesia does not backtrack on its export ban, the risk/reward in
nickel looks favourable.
Posted by AGORACOM
at 1:09 PM on Tuesday, July 16th, 2019
Lomiko is in an ideal position to participate in the burgeoning Electric Vehicle market
Has the potential to become a North American supplier of graphite materials with La Loutre graphite project located in Quebec, Canada.
Graphite is a major and critical material in the manufacture of lithium-ion and other batteries, specifically battery anodes
Vancouver, B.C., July 16, 2019 — July 16, 2019– Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C)(Lomiko or the “Companyâ€) has
been keenly watching the lithium-ion battery market in anticipation of
identifying an opportunity to participate in the supply of materials for
electric vehicles with its La Loutre graphite project located in
Quebec, Canada. Lomiko is focused on advancing the La Loutre graphite
property and is looking to deliver a NI 43-101 graphite resource based
on the success of its recently completed drilling campaign at the
Refractory Zone. This will add to the previously announced 43-101
graphite resource at the adjacent Graphene-Battery zone announced March, 2016.
A. Paul Gill, CEO states, “Lomiko believes that it is in an ideal
position to participate in the burgeoning Electric Vehicle market, with
the potential to become a North American supplier of graphite materials,
a market currently dominated by foreign supply from China. Graphite is a
major and critical material in the manufacture of lithium-ion and other
batteries, specifically battery anodesâ€.
According to Benchmark Minerals, graphite anode demand is set to
increase from 194,160 tonnes in 2017 to 1,080,360 tonnes by 2023 and
1,747,800 tonnes by 2028. [Source: INN Graphite Investing News]
On February 4, 2019, Simon Moores of Benchmark Mineral Intelligence
raised supply and demand concerns in a submission to the US Senate which
was echoed by Energy and Natural Resource Committee Chair Senator Lisa
Murkowski in a February 5, 2019 News Release: “In contrast to the energy
sector, our nation is headed in the wrong direction on mineral imports.
This is our Achilles’ heel that serves to empower and enrich other
nations, while costing us jobs and international competitiveness,â€
Murkowski said. Lomiko brought this crucial opportunity to the attention
of shareholders in a February 8, 2019.
Recent announcements and cooperation agreements on electric vehicle
and self-driving cars between Ford and Volkswagen indicate automakers
are taking action to put millions of electric vehicles on the road. Raw
material demand for graphite, lithium and nickel sourced from North
American is likely to increase as a result. Ford
said its battery electric vehicle rollout will start in 2020 with a
performance utility, and it plans to launch 16 battery electric vehicles
by 2022.
In other positive developments,
Quebec Premier Francois Legault reiterated his commitment to make the
Province the ‘Green Battery’ of North America through investments in
electric buses and trams while British Columbia Premier John Horgan aims
to eliminate all gas-powered cars by 2040.
For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: [email protected].
On Behalf of the Board,
“A. Paul Gillâ€
Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accept responsibility for the adequacy or
accuracy of this release
Posted by AGORACOM-JC
at 11:16 AM on Tuesday, July 16th, 2019
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Esports Company 100 Thieves Raises $35 Million In Series B
100 Thieves, the esports company co-owned by Grammy-winning artist Drake, talent manager Scooter Braun, billionaire Dan Gilbert and former pro gamer Matt “Nadeshot†Haag, announced today that it’s closed a $35 million Series B.
Funding round was led by New York-based private equity and growth investment firm Artist Capital Management. Its chief investment officer Josh Dienstag will join the 100 Thieves board of directors.
100 Thieves, the esports company co-owned by Grammy-winning artist Drake, talent manager Scooter Braun, billionaire Dan Gilbert and former pro gamer Matt “Nadeshot†Haag, announced today that it’s closed a $35 million Series B.
The Series B brings the company’s total funding to $60 million. Other
investors include Salesforce CEO Marc Benioff, Dropbox CEO Drew Houston
and venture firm Sequoia Capital. Forbes last fall estimated the company was worth $90 million after a single year of competing.
The fresh capital will go toward a 15,000-square-foot training
facility and headquarters in Los Angeles, as well as for expanding into
new games and increasing its apparel production.
The facility will be the “center of the universe for all things 100
Thieves,†according to Haag, the company’s founder and CEO, as well as a
Forbes 30 Under 30 alum. “We’ve grown a lot in this past
year…so it’s finally time to put our flag in the ground and make some
place our permanent home.â€
Settling in as early as this October, the offices will house the
company’s staff including players, coaches and content creators, and
will serve not just as a production studio and training space, but also
as a retail storefront for fans. Unlike many esports companies, 100
Thieves has made its retail arm a significant piece of its overall
revenue. All of its seasonal apparel drops have sold out in 20 minutes
or less, with each one selling faster and with 50% more product. Its
most recent sale in April brought in over half-a-million dollars after
selling out in five minutes.
“I don’t think it’s even scratched the surface of what it can be in the future,†Haag says.
The demand during 100 Thieves product launches speaks to the
company’s business model—mixing competitive esports teams with a stable
of popular influencers like Jack “CouRage” Dunlop and Rachell “Valkyrae”
Hofstetter. The tactic might prove useful if talk of a soon-to-burst
esports bubble becomes a reality.
“We’ve insulated our business in way where, this bubble that everyone
continues to talk about, if it were to pop or there were less interest
from investors or sponsors or whatever the case may be, we’re not going
to live and die by esports and esports alone,†Haag says. “If esports
were to disappear tomorrow, we’d still have a really great business
strategy in my opinion.â€
Not to say Haag isn’t still “all-in†on competitive gaming. According
to Haag, 100 Thieves boasts the second-highest payroll in the North
American League of Legends Championship Series, and part of the
new investment is meant for expansion in the space. One title
particularly linked to 100 Thieves is Call of Duty, around which its
publisher Activison Blizzard is planning a city-based league with
franchised team slots reportedly priced at $25 million, according to ESPN.
Haag, who came up as a Call of Duty pro and whose team’s first
championship came in the game earlier this year, says “We’re definitely
still thinking through it.â€
