Agoracom Blog
INTERVIEW: Pyrogenesis Goes Beyond the AGM to Discuss Advanced Plasma Processes, Defence Contracts and Much More
Posted by
at 11:51 AM on Tuesday, July 18th, 2017
New Age Metals Commences 15,000 ft Drill Program at River Valley – Largest Underveloped PGM Project in Canada $PGM.ca
Posted by
at 9:53 AM on Tuesday, July 18th, 2017
- Abitibi Geophysics has completed the surface IP geophysical program and borehole geophysics
- Drilling will focus on follow-up drilling to further test the continuation of the Pine Zone
- Further drilling will drill test the geophysical interpretation of Abitibi Geophysics
- River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 2.5 Moz PGM, in Measured Plus Indicated mineral resources and near-surface mineralization covering over 16kms of strike
Vancouver, Canada / July 18, 2017 – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that the 2017 Drill Program has commenced on the Pine Zone at the River Valley PGM Project approximately 100km’s from Sudbury, Ontario. The Induced Polarization (IP) geophysical survey and borehole geophysics has been completed by Abitibi Geophysics and a final report will be generated. The Company will focus the exploration on drill testing the previous PGM mineralization in the Pine Zone and the recommendations from the geophysical interpretation report.
The Pine Zone is one of numerous prospective PGM zones (Figure 1) within the district-scale River Valley PGM Project and was recently drilled in the fall of 2016 (press release December 13, 2016). The 2016 drill program confirmed the higher-grade, near-surface PGM discovery made in the 2015 drill program (press release March 11, 2015) and highlighted the continuity of the mineralization for 200 metres along strike and 100-200 metres depth at the Pine Zone. The Pine Zone remains open along strike and at depth.
The surface geophysical survey was designed to test the eastward and southward extension of the Pine Zone as well as the adjacent Dana North Zone (Figure 2). The extension of the IP survey is designed to test the depth potential of the Banshee Zone. The survey will aid in the generation of new targets for follow up drill testing. The diamond drill crew is currently onsite and will begin drilling to test the on strike and depth extensions of the Pine Zone as a continuation of the 2016 drilling (press release December 13, 2016).Approximately 15,000ft of drilling is planned in this program.
Abitibi Geophysics will generate a final report and interpretation of the IP Geophysical Survey. This report will recommend additional drill targets. These targets will be on the Pine and Banshee Zones. Approximately 2 km of untested potential for discovery of additional mineralization presently exists along strike between the current drilled extent of the Pine Zone and the underexplored Pardo Zone to the northwest (Figure 2).
Click Image To View Full Size
Figure 1. Location of NAM’s 100% owned River Valley PGM Project.
This present exploration activity of drilling and geophysics is geared to establish the resource base for a Preliminary Economic Assessment (PEA) Report which the company plans to initialize in the near future.
Click Image To View Full Size
Figure 2. Property scale geological map showing the location of the Pine Zone discovery relative to the Dana North Zone immediately to the west and the Pardo Zone 2 km to the northeast. Note the apparent dextral sense of offset of the River Valley PGM deposit (red) across the Grenville Front Tectonic Zone.
To date an approximate 612 holes (136,574 metres) have been conducted by the company and its past joint venture partners to test the PGM mineralization extents of the River Valley Intrusion. As well, several 43-101 complaint resource estimates have been generated. The River Valley Deposit is the Largest Undeveloped Primary PGM resource in Canada, with 2.5M oz PGM, in Measured Plus Indicated mineral resources and near-surface mineralization covering over 16kms of continuous strike length.
The Company will continue to update investors as the drill results are received.
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). Presently the River Valley Project is Canada’s largest primary undeveloped PGM deposit with Measured + Indicated resources of 91 million tonnes @ 0.58 g/t* Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus Gold. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remain open to expansion, and geophysics currently completed and drilling to commence mid July 2017 as part of our ongoing continued exploration.
In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4kms to the project’s mineralized strike length.
ABOUT NAM’S LITHIUM DIVISION
The Company has several Hard Rock Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the mining of Pollucite (primary Cesium ore) and the production of Cesium Formate, a completion drilling fluid for the petroleum industry. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company’s Li division.
QUALIFIED PERSON
The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical 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.
FEATURE: 7km’s of Gold Vault Strike Between 3 Gold Producers $OPW.ca
Posted by
at 4:34 PM on Monday, July 17th, 2017
WHY OPAWICA?
- 7km’s of gold vault strike between 3 gold producers
- In one of the largest gold producing regions in Canada
- Adjoining to Ridgemont, Granada and Kinross Gold Producing Mines in Rouyn-Noranda Quebec
- Bazooka properties cover 7 kilometres of the prolific CLLB
- Cadilac-lardner lake fault system has produced Over 200M oz of GOLD
BAZOOKA EAST GOLD PROPERTY †QUEBEC
Phase I drilling program consisted of five holes totalling 2,172 metres of drilling.
- Hole 01 intersected a wide zone of gold mineralization approximately 185 metres east of a Lake Shore Gold Corp. (“LSG”) hole drilled in 2004 (BA-03-02A), which returned several narrow high grade gold intercepts with visible gold along with intermittent anomalous gold values.
- In addition, drilling completed in 2011 by RT Minerals Corp. (“RTM”) intersected this favourable horizon (zone) about 50 metres east of current Opawica drilling. This historic hole intersected 17 metres of core length at 7.86 g/t Au (RTM June 21, 2011 press release).
- With the 54.8 metre wide zone intersected in current drilling a further review of the historic LSG hole has resulted in the restating of the LSG hole at 1.68 g/t Au (uncut) (including 17 metres at 3.59 g/t Au) and 0.95 g/t (cut to 31 g/t Au) over 48 metres. The current Opawica hole and the historic LSG hole both contained fuchsite and arsenopyrite and are in close proximity to the Cadillac Larder Lake Break (“CLLB”).
- Hole 02 in the current program intersected highly anomalous gold values (0.17 g/t Au) over the same zone for 39.9 metres. Hole 03 also intersected the same zone returning anomalous gold values (0.12 g/t Au) over 20.5 metres. Hole 04 also hit the same zone returning anomalous gold values and Hole 05 intersected the zone over a width of 65.5 metres containing highly anomalous gold values (0.24 g/t Au).
All of the above current and historic intervals are estimated at approximately 85% to 95% true widths. Assaying was completed by Swastika Laboratories Ltd. of Kirkland Lake, Ontario.An NI 43-101 technical report on the Bazooka property dated March 20, 2016
HISTORICAL RESULTS
BAZOOKA PROPERTY – EAST BOUNDARY
MCWATTERS GOLD PROPERTY
- Bazooka and McWatters gold properties are located near Rouyn Noranda, Quebec, and are situated along the prolific Cadillac
-Larder Lake Break (“CLLBâ€) - Company owns 100% interest in the Bazooka & McWatters properties Adjacent Bazooka and Bazooka West properties extend the Company’s strike length along the CLLB to approximately 7 km.
- Kinross has signed a CDN $60 million definitive option agreementto purchase 100% of the adjacent Yorbeau Resources Inc. Rouyn Property (see Yorbeaupress release of October 25, 2016).
FACT SHEET
CORPORATE PRESENTATION
12 MONTH STOCK CHART
PyroGenesis Announces Receipt of CAN$445,950 Under Existing Military Contract; Plus CAN$300,000 of Warrants exercised $PYR.ca
Posted by
at 9:02 AM on Monday, July 17th, 2017
- Further to its press release of January 10, 2017, wherein it was announced that the Company had signed two additional military contracts totaling approx. US$1.2MM (CAN$1.6MM)
- Company has received US$367,982 (CAN$445,950) under one of these contracts.
MONTREAL, QUEBEC–(July 17, 2017) – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a high tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma based systems and plasma torch products, is pleased to announce today that, further to its press release of January 10, 2017, wherein it was announced that the Company had signed two additional military contracts totaling approx. US$1.2MM (CAN$1.6MM), the Company has received US$367,982 (CAN$445,950) under one of these contracts.
The payment announced today is one of several payments received since January 10, 2017, by PyroGenesis totaling US$925,122 (CAN$1.2MM) under an original contract worth US$978,312 (CAN$1.25MM). The balance of approximately US$53K (CAN$68K) is expected to be received during Q3 2017.
Additionally, the Company announces today that CAN$300,000 of warrants have been exercised. “This exercise of warrants is timely,” said P. Peter Pascali, President and CEO of PyroGenesis. “We are currently looking beyond the ramp-up phase towards increasing production capacity ahead of our original expectations. This exercise of warrants, together with any future exercise of warrants and options, will enable us to implement plans to accelerate our original schedule to increase our production capacity of metal powders for the Additive manufacturing (3D Printing) industry. We are currently looking at ways to have up to three (3) additional powder production systems operating in 2018. Overall, to date, our metal powder production strategy is progressing far better than planned, and we are very pleased.”
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Its operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com.
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 ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.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, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
Rodayna Kafal
VP, Investor Relations and Communications
(514) 937-0002
[email protected] or [email protected]
www.pyrogenesis.com
BOOOM! Patriots, Mets Amongst Pro Teams That Bought Cities In Overwatch Global ESports League. $GMBL.us
Posted by
at 3:33 PM on Wednesday, July 12th, 2017
- Blizzard has announced major investment in its Overwatch League, the official home of Overwatch esports, first announced at last year’s Blizzcon.
- Seven team slots have been acquired by organisations from both the traditional sports and esports worlds, as well as a couple of tech-focused entrepreneurs, with ESPN reporting a potential fee of $20 million per team.
“We’re not commenting on the price of the spot,” said Nate Nanzer, Commissioner of the Overwatch League when I spoke to him this week. “But we can talk a little bit about the terms of the relationship.
“I think one of the key differences in our structure is the local opportunity. There really hasn’t been a city-based, global league in this way. Not just in esports, but in traditional sports too, there hasn’t ever really been a league where Los Angeles plays Shanghai in the regular season.”
When a team owner purchases a position in the league, they also acquire the rights to a city of their choice. Boston, for example, has been picked up by Robert Kraft, the Chairman and CEO of the American football team, the New England Patriots.
His team will eventually have a home stadium in Boston, with all local revenues (up to an undisclosed figure) remaining with the team itself. On top of that, the team will have the option to host and monetise up to five amateur Overwatch League events in their home territory each year.
The other team owners include Jeff Wilpon, the COO of the New York Mets, who unsurprisingly nabbed New York as his team’s city of choice, as well as a couple of tech organisations based out of Shanghai and Seoul. There are also three esports-only teams, often referred to as ‘endemics’: Immortals (Los Angeles), Misfits Gaming (Miami-Orlando) and NRG Esports (San Francisco).
“I’m happy to announce that we have three endemic teams to reveal today, despite the fact that the internet says we don’t talk to endemics,” said Nanzer. “Obviously we’re also very excited about the traditional sports owners because they bring a lot of incredible history to the table: building generational fandom around their teams and great local expertise, which is important for our city-based, home and away structure.”
The Commissioner.
A couple of weeks ago, Eurogamer published an article that questioned the current state of Overwatch esports, suggesting that since the announcement of the Overwatch League in November, very little has actually happened. More than that, its announcement in some ways had a damaging effect on the tournaments operating outside of the league itself.
“We wanted to make sure that when we spoke with our community next in a meaningful way, we had really important stuff to talk about,” said Nanzer when I questioned him on this. “Building a sports league from scratch is pretty hard and takes a lot of time.
“Blizzcon is obviously the best place ever for us to announce anything, but do I wish Blizzcon had been in March or April, instead of November? Sure.”
We’re still waiting on the league’s official start date, although we’ve been been told the first season will begin at some point this year. For the duration of that season, all matches will be played at a venue in Los Angeles, giving the seven team owners time to build up the necessary local infrastructure they’ll require going forwards.
During the league itself, matches will be played every Thursday, Friday and Saturday and we can apparently expect the match schedule soonâ„¢.
Tetra Bio-Pharma Announces Results of Voting at Annual Shareholders’ Meeting & Provides a Corporate Update $TBP.ca
Posted by
at 5:30 PM on Tuesday, July 11th, 2017
- Tetra is the only pharmaceutical company to have clinical studies for smoked marijuana;
- The Company is financially sound, with enough cash to pay for the $1.2 million Phase III clinical trials of PPP001. Preparations for the Phase III trial of PPP001 are to start in Q4 2017 with approximately 600 subjects;
- Focused on expanding commercialization partnerships internationally for product pipeline
OTTAWA, ONTARIO–(July 11, 2017) – Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (CSE:TBP)(CSE:TBP.CN)(CNSX:TBP)(OTCQB:TBPMF), is pleased to announce the results of the vote at its July 10, 2017 annual shareholders’ meeting.
| Resolution | For | Against | Withheld | Spoiled | No Vote | % For | % Against | % Withheld | |||
| André Rancourt | 18,439,319 | 0 | 19,449 | 0 | 443,314 | 99.89 | % | 0.00 | % | 0.11 | % |
| André D. Audet | 18,439,304 | 0 | 19,464 | 0 | 443,314 | 99.89 | % | 0.00 | % | 0.11 | % |
| Robert Brouillette | 18,456,735 | 0 | 2,033 | 0 | 443,314 | 99.99 | % | 0.00 | % | 0.01 | % |
| Dr. W.M. (Bill) Cheliak | 18,456,750 | 0 | 2,018 | 0 | 443,314 | 99.99 | % | 0.00 | % | 0.01 | % |
| Appointment of McGovern, Hurley, Cunningham, LLP, as auditors of the Corporation and to authorize the directors to fix the remuneration to be paid to the auditors. | 18,884,340 | 0 | 17,742 | 0 | 0 | 99.91 | % | 0.00 | % | 0.09 | % |
| The amendment of the Stock Option Plan from fixed to rolling. | 18,282,545 | 176,222 | 0 | 0 | 443,315 | 99.05 | % | 0.95 | % | 0.00 | % |
At the meeting, some key corporate highlights which were discussed, included:
- Tetra is the only pharmaceutical company to have clinical studies for smoked marijuana;
- The Company is financially sound, with enough cash to pay for the $1.2 million Phase III clinical trials of PPP001. Preparations for the Phase III trial of PPP001 are to start in Q4 2017 with approximately 600 subjects;
- Focused on expanding commercialization partnerships internationally for product pipeline – Interest has been shown from the USA, Germany, Ireland, Brazil and Mexico;
- The initial demand forecasted in New Brunswick for PPP001 using the ACMPR license is more than what we expected for sales. We are now putting in place the necessary manufacturing capabilities to address this increasing demand and to ensure the highest standards of quality control. We will look at launching PPP001 using the ACMPR license by the end of summer. See press release announced April 17, 2017 for further information;
- We are looking to start the Phase II clinical trials for PPP002 – Dronabinol XL in the next month; and
- Investor outreach will be principally focused on the U.S. market going forward looking at targeting healthcare funds to potentially invest in Tetra. Communications strategy is to make very clear that Tetra is not a marijuana company but a pharmaceutical company.
About Tetra Bio-Pharma:
Tetra Bio-Pharma is a multi subsidiary publicly traded company (CSE:TBP)(CSE:TBP.CN)(CNSX:TBP)(OTCQB:TBPMF) engaged in the development of Bio Pharmaceuticals and Natural Health Products containing Cannabis and other medicinal plant based elements.
Tetra Bio-Pharma is focused on combining the traditional methods of medicinal cannabis use with the supporting scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators physicians and insurance companies. More information is available about the company at: www.tetrabiopharma.com.
Source: Tetra Bio-Pharma
The Canadian Securities Exchange (“CSE”) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
Tetra Bio-Pharma Inc.
Edward Miller
Vice President, IR & Corporate Communications
(514) 360-8040 Ext. 203
[email protected]
PyroGenesis Announces Receipt of $230,168 Contract for Support During Testing of its Chemical Warfare Agent Destruction System Using Real Chemical Warfare Agents $PYR.ca
Posted by
at 8:46 AM on Tuesday, July 11th, 2017
- Received a CAN$230,168 contract to provide technical support during the next and final testing phase of its tactical Plasma Arc Chemical Warfare Agents Destruction System
- Will now be tested using real chemical warfare agents
MONTREAL, QUEBEC–(July 11, 2017) – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a high tech company (the “Company” or “PyroGenesis” or “PCI”) that designs, develops, manufactures and commercializes plasma based systems and plasma torch products, is pleased to announce today that, further to its press release of April 19, 2017, it has received a CAN$230,168 contract to provide technical support during the next and final testing phase (the “Final Testing Phase”) of its tactical Plasma Arc Chemical Warfare Agents Destruction System (“PACWADS” or the “System”) which will now be tested using real chemical warfare agents.
On April 19, 2017, the Company announced that it had, in coordination with the US-based Southwest Research Institute (SwRI), successfully completed long-duration performance tests using the Company’s System with surrogate chemical warfare agent material. These tests supported the Defense Advanced Research Projects Agency (DARPA) Agnostic Compact Demilitarization of Chemical Agents (ACDC) program and the results far exceeded minimum requirements with over 99.9999% destruction efficiency. The Final Testing Phase, which is expected to take approximately six (6) months, will be conducted using real chemical warfare agents at secure military facilities abroad, and is expected to confirm the results obtained at PyroGenesis’ facilities using surrogate chemical warfare agents.
“We are highly confident that our System will pass the Final Testing Phase particularly given the fact that we significantly exceeded the minimum requirements of 99.99% destruction efficiency using surrogates,” said Pierre Carabin, Chief Technology Officer of PyroGenesis. “As previously announced, our System demonstrated more than 99.9999% efficiency using surrogates which emulated destruction of such chemical warfare agents such as sarin (GB), soman (GD), and mustard (HD). This additional contract will allow PyroGenesis to support testing using real chemical warfare agents at a secure site.”
The System has already been shipped to a secure site and the Final Testing Phase begun. These tests are expected to be completed by the end of Q3 2017; however, this timeline is out of the Company’s control.
“If successful, PACWADS will be one of the few technologies in the world capable of destroying chemical warfare agents. We anticipate that such success will open the doors to additional opportunities; for example, the safe destruction of Ebola contaminated material in countries such as Liberia”, said Philippe Beaulieu, Senior Project Manager at PyroGenesis.
“A successfully developed System would safely destroy chemical warfare agent stockpiles onsite without having to transport these highly toxic chemicals to a remote location for processing, and although we would expect additional contracts resulting from a successful completion of the Final Testing Phase no indication has been given as to the size, if any, such procurement would entail,” said P. Peter Pascali, President and CEO of PyroGenesis. “The fact that our System is in the Final Testing Phase reflects the significant advances that we, at PyroGenesis, have achieved, and which we expect to continue to achieve in the area of defense and chemical warfare agent destruction. This only further solidifies our position within the US military as being the ‘go-to’ supplier of plasma-based solutions.”
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Its operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com.
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 ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.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, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
Rodayna Kafal
VP, Investor Relations and Communications
(514) 937-0002
[email protected] or [email protected]
www.pyrogenesis.com
Namaste Announces Record Breaking Sales of C$1.34M Representing 21.8% Month-On-Month Increase $N.ca
Posted by
at 8:49 AM on Monday, July 10th, 2017
- Achieved record monthly sales and traffic for the month of June
- Total unaudited sales as reported by the Company were C$1,349,545 in June 2017
- Compared to C$1,108,034 in May 2017, a 21.8% increase.
VANCOUVER, British Columbia, July 10, 2017 — Namaste Technologies Inc. (“Namaste†or the “Companyâ€) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has achieved record monthly sales and traffic for the month of June. The total unaudited sales as reported by the Company (including shipping revenues and after discounts and refunds) were C$1,349,545 in June 2017 compared to C$1,108,034 in May 2017, a 21.8% increase.
The month-on-month increase in revenue was achieved across the large network of sites operated by Namaste which all showed higher conversion rates. The increase in revenue is particularly pleasing as typically revenue is soft during the summer months. Namaste Vapes and Everyonedoesit showed good progress in conversion rates and average order value which were drivers of revenue growth. Australian Vaporizers benefited from an already high conversion rate which increased to 4.5% for the month.
The table below displays a revenue breakdown for Namaste’s various sales channels.
| Revenues – June 2017 (C$) | |||||||||
| Channels | Â 6,942 | ||||||||
| Distribution Goods | Â 143,437 | ||||||||
| Dropshipping | Â 18,972 | ||||||||
| EDIT | Â 191,500 | ||||||||
| Green Vapes | Â 17,273 | ||||||||
| Namaste | Â 547,459 | ||||||||
| Australian Vaporizers | Â 423,961 | ||||||||
| Total revenues | Â | Â 1,349,545 | |||||||
| Below are gross sales of the major sites operated by the Company. Revenues below do not include shipping revenues and are before discounts and refunds. | |||||||||
| Selected operating data e-Commerce June 2017 in C$ | Â | Â | |||||||
| Â | traffic | conversion | orders | Â basket price | Â gross revenues | ||||
| Namaste | 94,139 | 1.96 | % | 1,845 | $ | Â 278 | $ | Â 513,827 | |
| Australian Vaporizers | 45,040 | 4.50 | % | 2,026 | $ | Â 182 | $ | Â 367,766 | |
| EDIT | 247,717 | 0.87 | % | 2,148 | $ | Â 94 | $ | Â 201,134 | |
| GreenVapes | 3,479 | 1.47 | % | 51 | $ | Â 303 | $ | Â 15,469 | |
| Total | Â 390,375 | 1.55 | % | Â 6,070 | $ | Â Â 181 | $ | Â Â 1,098,195 | |
Namaste has implemented proprietary machine learning algorithms on several of its major sites that adjust website content and product listings ‘on-the-fly’ based on user behavior. These sites have seen substantial increases in conversion rates as a result and Namaste plans on launching the same technology throughout their platform.
At the end of June the Company granted 1,725,000 options to staff and consultants. The options will vest quarterly over a period of two years and are exercisable for five years at an exercise price of $0.25.
Management Commentary
Sean Dollinger, President and CEO of Namaste comments: “We’re very excited to see amazing results in June sales due to of all the hard work from our management team in implementing innovative strategies to increase sales organically. The implementation of machine learning to our platform has had immediate positive results. We expect to see similar results once this technology is launched throughout our platform. We look forward to continued growth as well as expansion into new markets and product categories.â€
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
“Sean Dollingerâ€
Chief Executive Officer
Further information on the Company and its products can be accessed through the links below:
FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
Contact: Sean Dollinger Chief Executive Officer Direct: +1 (786) 389 9771 Email: [email protected]
FEATURE: Grizzly (GZD-TSX-V) – More than 9M oz of gold produced or as resources nearby $GZD.ca
Posted by
at 12:13 PM on Wednesday, July 5th, 2017
WHY GRIZZLY DISCOVERIES?
- World class gold and base metal deposits in British Columbia; and diamonds in Alberta.
- More than 9 million oz Au produced or as resources in a radius of less than 70KM to Greenwood project
- Holds, or has an interest in, metallic and industrial mineral permits for potash totalling more than 364,000 acres along the Alberta-Saskatchewan border
- Four precious-base metal properties in British Columbia totalling over 235,000 acres. Grizzly also currently holds more than 231,000 acres in diamond properties, which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta
- Portions of Grizzly’s Greenwood Project being explored by Kinross through option agreement
EXPLORATION HIGHLIGHTS
- Drillholes with up to 31.1% K2O results from assays on recent Grizzly drill program
- Historic Unity Potash Mine 45 km east of existing GZD lands
- Agrium Vanscory Potash Mine 200 km east of GZD lands
- Significant Potash in drill core or indicated by gamma logs at depths ranging from 1,060m to 1,675m
- Temperatures at those depths range from about 50oC to 75oC. Optimal temperature for solution mining is approximately 75oC.
POTASH DEMAND AND GROWTH
- According to industry estimates, Canada has Potash resources of 7.3 billion tonnes – roughly 52% of the world’s supply.
- Currently 11 mines in Saskatchewan produce the majority of Canada’s 35% contribution to the world’s annual production.
- The arable land per person in the world is declining, and weather patterns are becoming more volatile and extreme, fuelling demand for Potash which increases the yield per acre approximately 40%.
BC PRECIOUS METALS
Greenwood Gold District
Portions of Grizzly’s Greenwood Project being explored by Kinross is 100% owned by Grizzly Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of Grizzly’s land holdings at Greenwood. Under the terms of a September 2015 agreement, KG Exploration (Canada) Inc. can earn a 75% interest on the optioned land pursuant to an Option Agreement with Grizzly on portions of its land holdings in southeastern British Columbia by incurring US$3 million in exploration expenditures over a 5 year period. By the second anniversary of the agreement, 750 metres of diamond drilling must be completed along with US$750,000 in expenditures by September 23, 2017.
ALBERTA DIAMONDS
- Following 12 drill holes, 3 new diamond bearing kimberlites were discovered in 2008 at the Buffalo Head Hills property.
- Grizzly has more than 200,000 acres surrounding Diamondex & Shore Gold in the Buffalo Head Hills.
- Two kimberlite pipes look very promising and need bulk sampling which is being planned for future dates due to Grizzly’s current potash focus.
- Land rights are valid for 2 to 5 years based on existing development work done on properties by Grizzly.
Buffalo Head Hills Diamond Property, Alberta
A Renewed Interest in diamonds
Renewed interest in diamond exploration during 2015 and 2016 has prompted re-evaluation of Grizzly’s Buffalo Head Hills Diamond Project in north-central Alberta, which is located approximately 330 kilometres northwest of Edmonton and is easily accessed during summer and winter by a large network of roads and cutlines. Based upon an internal review of all data, the Company has staked additional permits of highly prospective lands for diamond-bearing kimberlites in the Buffalo Head Hills area. Grizzly’s total land position includes 11 permits that encompass approximately 220,000 acres.
Check Out Our Recent Fact Sheet
12 MONTH STOCK CHART
Great Atlantic Commences Excavator Trenching Program Golden Promise Gold Property in Central Newfoundland
Posted by
at 10:40 AM on Wednesday, July 5th, 2017
Vancouver, British Columbia (FSCwire) – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company†or “Great Atlanticâ€) is pleased to announce it has commenced an excavator trenching program at its Golden Promise Gold Property in central Newfoundland. The current trenching program is part of a budgeted 2017 $700,000 exploration program on the property. Trenching is being conducted in the northern region of the property in an area of reported gold bearing quartz veins. The Golden Promise Gold Property was recently expanded to the current approximate 16,500 hectares.
To view the graphic in its original size, please click here
The Golden Promise Property hosts multiple gold-bearing quartz veins and gold-bearing float boulders. The majority of the historic work has been conducted at the Jaclyn Main Zone in the northern region of the property.
The current trenching program is being conducted in the area of three gold bearing quartz vein zones referred to as the Jaclyn Main, Jaclyn North and Jaclyn South.
To view the graphic in its original size, please click here
Trenches will be excavated in the east region of the Jaclyn Main Zone, east of a 2010 bulk sample trench. A National Instrument (NI) 43-101 compliant inferred resource of 921,000 tonnes at an average grade of 3.02 g/t Au (89,500 ounces contained gold) was reported in 2008 for the Jaclyn Main Zone. Gold recovery from a 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47 g/t Au. The average tails grade for the sample was reported to be 1.12 g/t Au. A “back-calculated head grade of 5.59 g/t Au†was reported for the bulk sample. The Jaclyn Main Zone has been reportedly traced for a strike length of approximately 800 meters (northeast to east striking) through trenching and diamond drilling to approximately 420 meters vertical depth.
Trenches will be excavated at the Jaclyn North Zone east of historic trenches and diamond drill holes along the projected strike of the reported gold bearing veins. The Jaclyn North Zone is reported approximately 250 metres north of the Jaclyn Main Zone. The northeast striking Jaclyn North Zone has been reportedly traced by diamond drilling (13 holes) for approximately 450 meters and locally to a vertical depth of 175 meters. The zone is reported to contain 3 quartz veined sub-zones. Reported drill intersections include (core length):
- GP03-32:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 12.13 g/t Au / 0.35m & 12.30 g/t Au / 0.30m
- GP07-76 (Upper Sub-zone):Â Â Â Â Â 11.28 g/t Au / 0.30m
- GP06-51 (Middle Sub-zone): Â Â 5.24 g/t Au / 1.70
- GP06-47 (Lower Sub-zone):Â Â Â Â Â 15.23 g/t Au / 0.30m
To view the graphic in its original size, please click here
South End of Trench 1 at the Jaclyn North Zone
Trenches will also be excavated at the Jaclyn South Zone east-northeast of historic diamond drill holes and trenches along the projected strike of the reported gold bearing veins. The Jaclyn South Zone is reported approximately 300 meters south of the Jaclyn Main Zone consists of two sub-parallel quartz veins, one of which is reported to have been traced approximately 200 metres along strike. Previous diamond drilling in this zone consisted of four holes. The best reported drill hole intersection was in hole GP03-31 (44.59 g/t Au / 0.30 metre core length).
During May and early June, the Company collected rock and soil samples in multiple additional areas within the property. These included quartz float samples in the area of planned trenches at the Jaclyn North and Jaclyn South Zones. Analyses are pending for these samples.
To view the graphic in its original size, please click here
Quartz vein rubble in lower till in Trench 1 (Jaclyn North Zone)
To view the graphic in its original size, please click here
Quartz veins in meta-sediment bedrock in Jaclyn North Zone Trench 1
The 2008 NI 43-101 Technical Report states the style of veining, mineralization, alteration, host rock and tectonism at Golden Promise most closely resembles other turbidite-hosted (or slate belt) gold deposits throughout the world.
Access is excellent with a paved provincial highway transecting the property. The property is located near the town of Badger and approximately 50 kilometres northeast of the Valentine Lake Property of Marathon Gold Corp.
Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.
Great Atlantic is also pleased to announce that is has closed the non-brokered private placement previously announced on May 30 and June 20, 2017 for gross proceeds of $1,0000,000. The units of the financing will be comprised of one common share at a price of $0.10 and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.125 per share. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.15 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. The Company announces October 10, 2017 as the hold period expiry date for the first tranche totaling 4,350,000 shares and October 15, 2017 for the second tranche totaling 2,325,000 shares and October 27, 2017 for the final tranche totaling 3,325,000 shares of  this private placement
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
On Behalf of the board of directors
“Lorne Mannâ€
This press release includes certain statements that may be deemed “forward-looking statementsâ€. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/greatatlantic07052017.pdf