Posted by AGORACOM
at 10:34 AM on Wednesday, January 16th, 2019
Developed new Graphene Ultra Fuel Efficient Tires (GUET)
Certification and terrain testing targeted for completion in Q3, 2019
The automotive tire market is large and is expected to grow to 2.5 billion tires by 2022
The GUET tire market represents a very large vertical for Gratomic which the Company will be vigorously pursuing in 2019, and beyond
Gratomic Inc. (“Gratomic†or the “Companyâ€) (TSX-V: GRAT) (CB81-FRANKFURT) a
vertically integrated graphite to graphenes, advanced materials company
is pleased to announce the development of Gratomic’s new Graphene Ultra
Fuel Efficient Tires (GUET) with certification and terrain testing targeted for completion in Q3, 2019.
“Purely from a demand perspective, we have been pulled into a market which represents a very large opportunity for Gratomic. Simply put, our customers want what we have; high quality
graphene. Not only are Hybrid Graphene enhanced tires fuel efficient,
but they can also demonstrate better handling and longer life†commented
Gratomic’s Chairman and Co-CEO Sheldon Inwentash. “The GUET tire market represents a very large vertical for Gratomic which the Company will be vigorously pursuing in 2019, and beyond.â€
Gratomic recognizes the automotive tire market is large and is expected to grow to 2.5 billion tires by 2022. Gratomic looks to penetrate and disrupt the traditional means of tire production by providing graphene enabled
GUET tires. To date, the global tire market has recognized that
employing graphenes within tire treads, walls and the inner linings can
make tires lighter, provide better grip and reduce rolling resistance to
an extent that is not possible with existing tire compounds. On
average, this would require 20 to 25 grams of graphene per tire.
However, for the Industry, specification consistency and scaleability of supply have been limiting factors and to date have been the biggest constraints in commercializing Graphene.
Attributed
to the right combination of geology at the mine and our processing
partner, Gratomic strongly believes it can satisfy the supply demand of quality graphenes required for what the Company believes is the growing market demand for a new age economy tire. Gratomic is confident in its ability to deliver consistent quality and quantities of Graphenes to end users.
Gratomic
has been able to achieve this through a unique collaboration agreement
with its development partner Perpetuus Carbon Technologies who currently
supplies
substantial quantities of surface modified graphenes on a monthly basis
to the tire industry through its Patented Plasma Process.
Ian Walters Director – Perpetuus Carbon Technologies Limited stated:
“Perpetuus’ investigative analysis and characterization has concluded that the Graphenes derived from the Gratomic mine are highly friable, more so than any other graphite tested for purpose
by the Perpetuus Labs. The liberated graphenes when functionalized have
demonstrated excellent processability. Initial application in a host of
end uses has demonstrated excellent suitability for a range of
products. Most noteworthy are the excellent results generated when the
Hybrid Graphenes are included in elastomers for tire construction.
Perpetuus looks forward to working with Gratomic to launch probably the first range of Graphene enabled ultra fuel efficient tires.â€
Employing
its dedicated facility for the patented Perpetuus plasma method
Gratomic post plasma processing produces graphenes (less than 10 layers)
of a high purity (CK 99.10%) derived from its Graphite Mine in Namibia.
Website:
Gratomic is pleased to advise shareholders that the Company’s website has been updated. Please visit www.gratomic.ca.
About Perpetuus Carbon Technologies.
Perpetuus
is the world’s largest producer of plasma surface engineered graphenes
formulated for specific end uses with a capacity in excess of 100’s of
tonnes per annum. The company has a lab to commercialization facility
based at its two premises in South Wales UK. Cycle and car tires
enhanced with Perpetuus graphenes are currently and simultaneously being
road tested on bikes, light commercial vehicles and taxis in Asia and
Europe and are used on a daily basis. Perpetuus surfaced engineered
graphenes are currently being introduced into development programmes for
aircraft and industrial tires.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene-based components for a range of mass market
products. We are collaborating with a leading European manufacturer of
graphenes to use Aukam graphite to manufacture graphene products for
commercialization on an industrial scale. The company is listed on the
TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand, Co-CEO, +1 416-561-4095 E-mail inquiries: [email protected]
Posted by AGORACOM-JC
at 8:30 AM on Wednesday, January 16th, 2019
E5A Integrated Marketing is partnering with KoreConX
to offer a complete solution to companies
[New York, NY – January 16,
2019] – KoreConX
is proud to announce its most recent KorePartner, E5A
Integrated Marketing. The New-York-based company specializes in
marketing for capital raising, among other things.
E5A helps companies raising capital to target with precision all of the
appropriate audiences, including qualified and accredited investors. Their
experienced team uses logic and math-based planning combined with positioning
and messaging to provide well-informed, interested prospects.
“When we think about the capital raising process, we don’t see it just
from the legal or financial point of view. We view the entire capital raising
process as a whole and realize that the marketing element is a crucial part,â€
said Oscar Jofre, Co-Founder & CEO at KoreConX. “We were looking for
companies specialized in marketing for capital raises, but also ones that are
in tune with all the transformations brought by the digital age. And we believe
E5A is a perfect choice here.â€
“At E5A, we have years of experience in investor marketing and the
fintech industry, enough to know that we need to move at a fast pace and evolve
to remain leaders,†said Andrew Corn, CEO at E5A. “And to be able to partner
with KoreConX, a company that works with the latest blockchain technology, it
is a great opportunity for us.â€
E5A Integrated Marketing has become part of the KorePartner ecosystem,
a group of selected broker-dealers, secondary market platforms, capital markets
platforms, lawyers, compliance, investor relations, accounting and marketing
firms that support the KoreConX security token protocol and adhere to KoreConX
governance standards. KoreConX’s KorePartners are from around the globe and
bring the necessary expertise that a company will need to launch a fully compliant
security token in multiple jurisdictions.
About KoreConX
KoreConX is the world’s first highly-secure
permissioned blockchain ecosystem for fully-compliant tokenized securities
worldwide.
To ensure compliance with securities
regulation and corporate law, the KoreConX all-in-one, AI-based blockchain
platform manages the full lifecycle of tokenized securities including the
issuance, trading, clearing, settlement, management, reporting, corporate
actions, and custodianship. KoreConX connects companies to the capital markets
and secondary markets facilitating access to capital and liquidity for private
investors.
KoreConX is the first secure, all-in-one
platform for private companies to manage their capital market activity and
stakeholder communications. Removing the burden of fragmented systems and
inefficient tools across multiple vendors, KoreConX offers a single environment
to connect companies, investors and broker/dealers. Leveraged for investor
relations and fundraising, private companies can share and manage corporate
records and investments including portfolio management, capitalization table
management, virtual minute book, security registers, transfer agent services
and virtual deal rooms for raising capital.
Posted by AGORACOM-JC
at 4:16 PM on Tuesday, January 15th, 2019
Announced that the Company’s common shares are now listed and trading on the Frankfurt Stock Exchange under the ticker symbol “8BV.â€
VANCOUVER, British Columbia, Jan. 15, 2019 — Bougainville Ventures Inc. (“Bougainville†or the “Companyâ€) (CSE: BOG) is pleased to announce that the Company’s common shares are now listed and trading on the Frankfurt Stock Exchange (“FRAâ€) under the ticker symbol “8BV.†The Company’s common shares continue to be listed on the Canadian Stock Exchange (“CSEâ€) under the ticker symbol “BOGâ€. The Company is actively pursuing an OTC listing in the United States.
CEO, Andy Jagpal Comments: “Our listing on the
Frankfurt Stock Exchange is an important step forward in the Company’s
future growth internationally allowing European investors to capitalize
on our ongoing expansion and opportunity in the Canadian and US cannabis
markets.â€
About Bougainville Ventures Inc.  Bougainville provides cannabis infrastructure and seed-to-sale services to I-502 tenant-growers leasing greenhouse facilities space and providing fully built-out, turnkey solutions and ancillary services including processing, cannabis expertise and marketing and sales resources.
On behalf of the Board of Directors BOUGAINVILLE VENTURES INC.
Andy Jagpal, CEO and Director
For further information, please contact Andy Jagpal at [email protected] or 1-844-734-8420.
FORWARD LOOKING STATEMENTS: This news release
contains certain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements are based on
estimates and assumptions made by BOG in light of its experience and
perception of current and expected future developments, as well as other
factors that BOG believes are appropriate in the circumstances. Many
factors could cause BOG’s results, performance or achievements to differ
materially from those expressed or implied by the forward looking
statements, including: discrepancies between actual and estimated
results from exploration and development and operating risks, dependence
on early exploration stage concessions; uninsurable risks; competition;
regulatory restrictions, including environmental regulatory
restrictions and liability; currency fluctuations; defective title to
mineral claims or property and dependence on key employees.
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-JC
at 4:08 PM on Tuesday, January 15th, 2019
SPONSOR: Esports Entertainment $GMBL Esports audience is 350M, growing to 590M, Esports wagering is projected at $23 BILLION by 2020. The company has launched VIE.gg esports betting platform and has accelerated affiliate marketing agreements with an additional 42 Esports teams, bringing total to 176 Esports teams. Click here for more information
—————-
Puma Enters Esports with Cloud9
Apparel brand Puma is set to become the official apparel and official game-day pants/shoes provider of the Cloud9 LCS team.
The deal only covers the 2019 Spring Split, but C9’s head of
partnerships indicated that the relationship has the potential to expand
in the future.
Puma will also provide women’s apparel for team managers.
Puma will announce its first major esports move today, an apparel deal with the tier-one team organization Cloud9 .
Under the deal, Puma becomes the official apparel and official game-day pants/shoes provider of the Cloud9 League of Legends Championship Series (LCS) team. The Puma logo will also appear on the breastplate of the team’s jersey, which are sold by We Are Nations via a league-wide apparel deal with Riot Games.
“This deal gives us ability to be a part of
more things our kids love, and that’s how our brand moves the culture
forward,†said Matt Shaw, team head, digital marketing for Puma.
“Cloud9 is really uniquely posed to help us do that.â€
The deal only covers the spring LCS season,
which kicks off Jan. 26, and it does not include any Puma product
available for retail. But both sides suggested the relationship will
expand. “There’s a lot of potential for growth on both sides, so we’re
ecstatic that this is only the beginning of the partnership,†said
Cloud9 head of partnerships Jordan Udko.
Terms were not disclosed. Cloud9 is one of esports’ most valuable and successful brands, with its League of Legends team becoming the first American team to make the global semifinals in 2018. Because the deal covers team managers too, Puma is providing women’s apparel as well.
Puma did a brand integration deal with the
video game Pro Evolution Soccer in 2014, but this is its first foray
into modern elite esports. Other apparel brands that have entered
esports recently include Champion with Team Dignitas and K-Swiss with Immortals.
Adult learners prefer university degrees, but short courses gaining popularity too
New Delhi: A certificate from a college is still the most important thing for Indian learners, but many in the country would now consider taking up short online courses too, according to data from a survey of more than 1,000 Indians by British multinational publishing and education firm Pearson.
One in three Indian learners would consider doing a university master’s degree in the next three years, but one in four learners would also consider taking up short courses, either free or paid, ..
Tags: education, tsx Posted in All Recent Posts, betterU Education Corp | Comments Off on Betteru Education Corp. $BTRU.ca – Adult learners prefer university degrees, but short courses gaining popularity too $ARCL $CPLA $BPI $FC.ca
Posted by AGORACOM-JC
at 12:08 PM on Tuesday, January 15th, 2019
The amended January 9, 2019 NI 43-101 Mineral Resource Estimate confirms that the River Valley Project has 2,867,000 Measured and Indicated PdEq ounces, with 1,059,000 PdEq ounces in Inferred at a 0.35 g/t and 2.0 g/t PdEq cut-off for open pit and underground respectively.
The amended and restated Mineral Resource Estimate presents a Mineral Resource that demonstrates reasonable prospects for eventual economic extraction.
The new pit constrained Mineral Resource will be more representative of the potentially economic portion of the Mineral Resource that will be disclosed in the upcoming 2019 Preliminary Economic Assessment (PEA).
River Valley is the largest undeveloped primary PGM Mineral Resource in North America. The Project has excellent infrastructure and is within 100 kilometres of the Sudbury Metallurgical Complex. The Project is 100% owned by New Age Metals.
The Project’s first economic study (Preliminary Economic Assessment) is slated to be completed on or before the end of Q2 2019.
January 15, 2019 / Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; “The company is pleased to update our shareholders with the new amended May 2018 NI 43-101 Mineral Resource Estimate of the River Valley Platinum Group Metals (PGM) Project. As a result of a review by the British Columbia Securities Commission (“BCSC”) the Company is clarifying the Technical Report on its River Valley PGM Project filed on May 7, 2018. WSP Canada Inc. (WSP) under the supervision of Todd McCracken, P. Geo., completed the Mineral Resource estimation. Management believes this study has upgraded the open pit bulk mining potential of this project. The May 2018 Technical Report presented a global mineral inventory whereas the January 2019 Technical Report presents a pit constrained Mineral Resource that shows reasonable prospects for eventual economic extraction. Our objective is to complete the Project’s first economic study, a Preliminary Economic Assessment (PEA) on or before the end of Q2 2019. The second objective is to continue to explore and develop the entire 16 kilometres of mineralization throughout the contact zone (current established Mineral Resource) and test the new footwall discovery that has potential to extend throughout the overall Project.” (See Figure 1)
WSP Canada, under the supervision of
Todd McCracken, P. Geo (Manager-Mining at WSP Canada) has recently
amended the 2018 NI 43-101 Mineral Resource estimation of the River
Valley PGM Deposit in the Sudbury Mining District of Ontario, Canada. The
new Mineral Resource Estimate has incorporated all the past data,
geophysics, new drilling since 2015 and the River Valley Extension
(RVE), including the additional drilling in the new footwall discoveries
Pine Zone and T3.
The
results of the updated Mineral Resource Estimate are tabulated in Table 1
below (0.35 g/t PdEq open pit and 2.0 g.t PdEq underground cut-off).
This 43-101 Technical Report is available on SEDAR.
Table 1: Results from the amended NI 43-101 Mineral Resource Estimate.
Click Image To View Full Size
Class
PGM + Au (oz)
PdEq (oz)
PtEq (oz)
Measured
1,394,000
1,701,000
1,701,000
Indicated
983,000
1,166,000
1,166,000
Meas +Ind
2,377,000
2,867,000
2,867,000
Inferred
841,000
1,059,000
1,059,000
Notes:
1.CIM definition standards were followed for the Mineral Resource Estimate.
2.The 2018 Mineral Resource models used
Ordinary Kriging grade estimation within a three-dimensional block model
with mineralized zones defined by wireframed solids.
3.A base cut-off grade of 0.35 g/t PdEq
was used for reporting Mineral Resources in a constrained pit and 2.00
g/t PdEq was used for reporting the Mineral Resources under the pit.
6.Mineral Resources that are not Mineral Reserves do not have economic viability
7. The Inferred Mineral Resource in this
estimate has a lower level of confidence than that applied to an
Indicated Mineral Resource and must not be converted to a Mineral
Reserve. It is reasonably expected that the majority of the Inferred
Mineral Resource could be upgraded to an Indicated Mineral Resource with
continued exploration.
Click Image To View Full Size
Figure
1: The Yellow Band represents the footwall potential area of the River
Valley Deposit based on the results of the Pine Zone where footwall
mineralization was noted to extend 150 metres eastward from the Pine
Zone/ T3 main deposit. At present the only area that has confirmed
footwall mineralization is in the Pine Zone (defined from 2015 to 2017
drilling). Geophysics and exploration are in progress to test other
areas of the Deposit. Management’s specific focus is to outline a
sufficient potentially economic Mineral Resource in the northern portion
of the project, and subsequently develop a series of open pits (bulk
mining), crush,and concentrate on site, and ship the concentrates to Sudbury for metallurgical extraction.
CONFERENCES THIS QUARTER
In late January, our Chairman & CEO
Harry Barr is travelling to South Africa attending two 1-2-1 style
conferences with over 25 pre-booked meetings with mine finance
companies, major mine companies, institutions, stock brokers, and high
net worth individuals.
OPT-IN LIST
If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.
ABOUT NAM’S PGM DIVISION
NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project)
in the Sudbury Mining District of Northern Ontario (100 km east of
Sudbury, Ontario). See results from the most recent NI 43-101 Mineral
Resource update above in Table 1. NAM management and consultants are
currently designing a complete drill program to be executed in 2019 for
the River Valley Project. This plan will consider previously proposed
drill parameters and will be based on the most recent geophysical
assessment and consultant expertise. The projects first economic study, a
Preliminary Economic Assessment (PEA) is underway and is being overseen
by Mr. Michael Neumann, P.Eng., a veteran mining engineer and one of NAM’s directors. See
the most recent press releases for the River Valley Project PEA which
details the appointment of P&E Mining Consultants Inc. and DRA
Americas to jointly conduct the study, dated July 25, 2018 and August 1, 2018 respectively. Our new Fall Chairman’s message can be accessed at our website (www.newagemetals.com) .
On April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018,
NAM announced the right to purchase 100% of the Genesis PGM Project,
NAM’s first Alaskan PGM acquisition related to the April 4th
agreement. The Genesis PGM Project is a road accessible, under
explored, highly prospective, multi-prospect drill ready Palladium (Pd)-
Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A
comprehensive report on previous exploration and future phases of work
was completed by Avalon Development of Fairbanks Alaska in August 2018
on Genesis. A full sampling program will be conducted to continue
to outline additional mineralization along the 800-metre by 40-metre
mineralized zone
On August 29, the Avalon report was
submitted to NAM, management is actively seeking an option/joint-venture
partner for this road accessible PGM and Multiple Element Project using
the Prospector Generator business model.
QUALIFIED PERSON
The
contents contained herein that relate to Exploration Results or Mineral
Resources is based on information compiled, reviewed or prepared by Todd
McCracken, P.Geo. an employee of WSP and independent of New Age Metals.
Mr. McCracken is the Qualified Person as defined by National Instrument
43-101 and approves the content of this news release.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
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.
Tags: PGM, stocks, tsx Posted in All Recent Posts, Lithium, New Age Metals | Comments Off on New Age Metals $NAM.ca Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces in the Inferred Classification River Valley #Platinum Group Metal Deposit, Sudbury, Ontario #Palladium #PGM
Posted by AGORACOM
at 10:55 AM on Tuesday, January 15th, 2019
Sensor Technologies Inc. (“Sensor”), has received work orders for the first two (2) new electric field mapping systems (“EFM”)
Client is one of North America’s largest pipeline companies.
The work orders received are for the client’s various assets in Canada.
Sensor Technologies Corp. (CSE: SENS) (the “Corporation”), a
developer and marketer of patented non-intrusive sensing systems, is
pleased to announce that its wholly-owned subsidiary, Sensor
Technologies Inc. (“Sensor”), has received work orders for the first two
(2) new electric field mapping systems (“EFM”) from one of the
Corporation’s current clients which is one of North America’s largest
pipeline companies. The work orders received are for the client’s
various assets in Canada.
The work orders are the first in a proposed program whereby the
client will be replacing its existing systems with Sensor’s EFM systems.
As part of the work orders, the Corporation will provide the client
with the monitoring of its various assets along with engineering field
services and data analysis. The Corporation estimates that the aggregate
value of the work orders is approximately $292,200 which is based on a
five (5) year equipment, field services and data analysis commitment by
the client.
Pursuant to the work orders, the Corporation will deploy the two (2)
electric field mapping corrosion monitoring systems (the “EFMC Systems”)
across the client’s assets in Canada. The client will pay a recurring
fee to the Corporation to access the data gathered by the EFM Systems.
The client has the ability to extend the term of the contract based on
its specific needs and requirements.
“These work orders represents a new recurring revenue model for the
Corporation,” said Jay Vieira, the President of the Corporation. “These
orders is a validation of the continuing efforts of the Corporation in
offering new services and products to its existing and new clients. The
Corporation is currently in discussions with the client with respect to
the execution of additional work orders from the client pertaining to
similar service revenue recurring model.”
About the Corporation
Sensor Technologies Corp develops non-intrusive asset health
monitoring sensor systems for the oil and gas market to help operators
track the thinning of pipelines and refinery vessels due to
corrosion/erosion, strain due to bending/buckling and process pressure
and temperature. The Corporation’s FT fiber optic sensor and corrosion
monitoring systems allow cost-effective, 24/7 remote monitoring
capabilities to improve scheduled maintenance operations, avoid
unnecessary shutdowns, and prevent accidents and leaks.
Posted by AGORACOM-JC
at 10:28 AM on Tuesday, January 15th, 2019
SPONSOR: New Age Metals Inc.
(TSX-V: NAM) The company’s new Lithium Division has already made
significant acquisitions in Canada and the USA. The company also owns
one of North America’s largest primary platinum group metals deposit in
Sudbury, Canada. Learn More.
NAM: TSX-V ——————————-
Discovery of mineral used in batteries has drills turning around Snow Lake
The growing prominence of electrified vehicles may be of huge benefit to Snow Lake, which is home to a large lithium find. The commodity is used in batteries
One of the hubs of activity for a mineral vital in the world’s drive to electrification is around Snow Lake, 200 kilometres east of Flin Flon.
Ian Froese · CBC News · Posted: Jan 12, 2019 6:00 AM CT | Last Updated: January 12
It may not offset the hundreds of mining jobs that northern Manitoba is losing, but exploration companies are bullish on the potential for lithium.
One of the hubs of activity for a mineral vital in the world’s drive
to electrification is around Snow Lake, 200 kilometres east of Flin
Flon.
“If we get three or four mines going up there again, we could
probably get 500 directly employed people,” said geologist Dale Schultz,
who is collaborating with a new mining company called Snow Lake
Resources.
It’s a lofty goal, but then lithium, used in batteries, is a hot
commodity in the expected electrification of our society,
including vehicles. And jurisdictions are taking notice: only months ago
the B.C. government promised it would take steps to ensure all new cars
and trucks sold in the province are emission-free by 2040.
That means the resource will become more valuable as time goes on, Schultz says.
“That’s the common wisdom right now.”
Betting on lithium
In and around Snow Lake, drills are turning for lithium.
Snow Lake Resources has dibs on a 6.3-million-tonne resource
estimate, while Far Resources is digging into an initial resource of 1.1
million tonnes.
The exploration comes amid a downturn in the province’s mining industry.
The sector faced a body blow last year when Hudbay announced its
intentions to pull up stakes in Flin Flon by 2021 due to a lack of ore
in the ground. In another setback, Vale laid off 169 employees last year
at its Thompson mine.
To save even some of those Hudbay positions, Snow Lake is being held
up as a saving grace. The miner expects to transfer employees to the
Stall mill, Lalor mine and a refurbished New Brit Gold mill, all near
Snow Lake.
It will lessen the blow, but it won’t save all 800 Hudbay jobs at risk in Flin Flon.
A helicopter view of a drill rig Far Resources is using to uncover lithium deposits. (Far Resources )
That’s where further exploration may come into play.
In addition to the play for lithium, Rockcliff Metals, a Toronto-based miner, is after a gold deposit in the region.
Toby Mayo, president and CEO of Far Resources, says there’s no
denying the demand for lithium can lift the fortunes of Snow Lake.
“There’s no reason why a huge number of additional discoveries can’t be made that will really put Snow Lake on the map — again.”
Hope during a downturn
Snow Lake has a storied mining history, but is subject to the whims of the industry’s cyclical nature.
Mayor Peter Roberts acknowledges his northern community may be
approaching a time when a stream of Flin Flon residents come to their
community to work, instead of a flow of citizens travelling in the
opposite direction.
He’s encouraged by any sign of drilling, but said he cannot hang his
hopes on firms which haven’t started mining yet. In the meantime, he’s
hopeful that Hudbay, still exploring in the region, can strike riches.
“As long as there is exploration, there’s always hope for a longer future,” he said.
In Manitoba, senior mining companies intended to spend $41.3 million
toward exploration in 2018, while junior miners invested $6.3 million
toward the same task, according to Natural Resources Canada figures.
Ken Klyne, president of the Manitoba Prospectors and Developers
Association, said provincial exploration can rise again by simplifying
the permitting process and reducing the need for onerous consultations.
Tags: lithium], stocks Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals Inc. $NAM.ca – Demand for lithium expected to put a charge in Manitoba’s mining sector $GLEN $LIC.ca $LIX.ca
Posted by AGORACOM-JC
at 9:59 AM on Tuesday, January 15th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
————————
HSBC suggests it might have found a… use for blockchain?
HSBC claims to have settled three million foreign exchange (FX) transactions and made payments worth $250,000 using distributed ledger technology (DLT).
The bank said it had made “significant efficiencies” while using its DLT product, HSBC FX Everywhere, for the past year – suggesting the risk-averse financial sector is treating blockchain technology as a legitimate biz tool.
Says it used tech to settle 3 million forex transactions, $250k in payments last year
HSBC claims to have settled three million foreign exchange (FX)
transactions and made payments worth $250,000 using distributed ledger
technology (DLT).
The bank said it had made “significant efficiencies” while using its
DLT product, HSBC FX Everywhere, for the past year – suggesting the
risk-averse financial sector is treating blockchain technology as a
legitimate biz tool.
In a statement, the bank revealed it had been using a
share-permissioned ledger for payments on its internal balance sheets.
“It transforms the process around intra-company foreign exchange
activity, automating several manual procedures and reducing reliance on
external settlement networks.”
The DLT was used for 3 million FX transactions and 150,000 payments,
which HSBC admitted was a small proportion when compared with
traditional processes.
The much-hyped technology has long been criticised by observers who
see it as a solution in search of a problem, as over-eager vendors stick
the buzzword on everything they can.
A recent study
of its use in the international development sector found no evidence of
success – rather just “a proliferation of press releases, white papers,
and persuasively written articles”.
Up until now, the most common example of a practical use of
blockchain – where it was being used to solve a problem in a way other
tech couldn’t – has been in supply chain management, although such
deployments haven’t been a raging success for a variety of reasons.
HSBC’s announcement, which discusses three main benefits for its use
in FX trading, is also notable because risk-averse financial
institutions are typically regarded as being less keen on untested
emerging technologies.
But the bank’s interim global head of FX and commodities, Richard
Bibbey, said that it was now looking into using DLT to help
multinational clients with multiple treasury centres and cross-border
supply chains to “better manage foreign exchange flows within their
organisations”.
In listing the benefits, HSBC said the singularity, transparency and
immutability provided by DLT created a “shared, single version of the
truth of intra-company trades” from execution to settlement, reducing
“risk of discrepancy and delay”.
Meanwhile, confirmation and settlement can be automated by matching
and netting transactions – reducing costs and reliance on external
settlement network – and a consolidated, global view of cash flows and
certainty of funds “supports greater balance sheet optimisation”. ®
