Agoracom Blog

Nevada Energy Metals Appoints Jeremy Poirier To Advisory Board

Posted by AGORACOM-JC at 9:05 AM on Wednesday, April 6th, 2016

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  • Announced the appointment of Mr. Jeremy Poirier to the Nevada Energy Metals Advisory Board
  • Over the past 12 years, Mr. Poirier has acquired extensive market experience and built a strong network of investors and industry contacts. He has also served as a member on a number of boards of directors and has held officer positions at several public and private companies.

April 06, 2016 / Vancouver, BC- Nevada Energy Metals Inc. “the Company” TSX-V:BFF (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce the appointment of Mr. Jeremy Poirier to the Nevada Energy Metals Advisory Board.

Mr. Poirier has been providing a range of investor awareness and advisory services for both public and private companies since 2004. Over the past 12 years, Mr. Poirier has acquired extensive market experience and built a strong network of investors and industry contacts. He has also served as a member on a number of boards of directors and has held officer positions at several public and private companies. Through his network and market expertise Mr. Poirier has facilitated capital raising efforts as well as successful asset acquisition and corporate development undertakings.

Most recently, Mr. Poirier has reviewed various lithium assets around the world in his continuing role as a director of Pure Energy Minerals. We believe that Mr. Poirier’s extensive experience in the junior lithium sector will aid Nevada Energy Metals.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a Canadian Based exploration and development company who’s primary listing is on the TSX Venture Exchange. The Company’s main focuses are brine based lithium exploration targets located in the mining friendly state of Nevada. As of January 13th the Company has completed a $900,000 CAD secondary funding to carry out an exploration program in a 60% earn-in agreement with Dajin Resources Corp. at Alkali Lake. This Nevada lithium target is just 12km from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada. The property, called Teels Marsh West is a highly prospective lithium exploration project, 100% owned without any royalties. On March 23 2016 the Company announced the addition of the San Emidio Dessert lithium property, a prospective lithium brine property to add to its project portfolio.

On Behalf of the Board of Directors

Harry Barr Chairman & 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.

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Durango Proposes Ground Geophysics Adjacent to Nemaska’s Whabouchi Property

Posted by AGORACOM-JC at 11:47 AM on Tuesday, April 5th, 2016

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  • Announced that further to the news of April 4 and March 30, 2016, its wholly owned ground is now adjacent to the north, east, south and west of Nemaska Lithium
  • Crew has visited the property adjacent to Whabouchi and conveyed to management that the ground is low lying with overburden so Durango proposes to complete ground geophysics to identify conductors and magnetics

Vancouver, BC / April 5, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango“) is pleased to announce that further to the news of April 4 and March 30, 2016, its wholly owned ground is now adjacent to the north, east, south and west of Nemaska Lithium.

A crew has visited the property adjacent to Whabouchi and conveyed to management that the ground is low lying with overburden so Durango proposes to complete ground geophysics to identify conductors and magnetics.

Nemaska Lithium, (TSX.V-NMX) announced on April 4th, 2016 via stockwatch, that “Nemaska Lithium Whabouchi Updated Feasibility Study Shows a Pre-Tax NPV at 8% Discount Rate of $1.9B (after-tax $1.16 B) and a Pre-Tax IRR of 37.7% (after-tax 30.3%)”.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

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Explor Resources 43-101 Resource + $12,000,000 Teck Resources Option Is Attractive In Rising Gold Environment

Posted by AGORACOM at 10:29 AM on Tuesday, April 5th, 2016

  • AGORACOM Predicts Bullish Year For Gold On Slower US Fed Rate Hikes
  • Quality Junior Gold Companies Will Benefit Greatly
  • Explor Resources EXS:TSXV / EXSFF:OTCQB
  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 2.5 KM From Lake Shore Gold Mine
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

START YOUR Due Diligence Today

Explor Resources 3-Minute Summary Page

 

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Durango Applies for Ground Adjacent to Nemaska’s Whabouchi Property

Posted by AGORACOM-JC at 1:45 PM on Monday, April 4th, 2016

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  • Announced it has applied for additional ground adjacent to Nemaska Lithium, (TSX.V-NMX)
  • “Nemaska Lithium Whabouchi Updated Feasibility Study Shows a Pre-Tax NPV at 8% Discount Rate of $1.9B (after-tax $1.16 B) and a Pre-Tax IRR of 37.7% (after-tax 30.3%)”

Vancouver, BC / April 4, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce it has applied for additional ground adjacent to Nemaska Lithium, (TSX.V-NMX) which announced earlier today via stockwatch, “Nemaska Lithium Whabouchi Updated Feasibility Study Shows a Pre-Tax NPV at 8% Discount Rate of $1.9B (after-tax $1.16 B) and a Pre-Tax IRR of 37.7% (after-tax 30.3%)”.

In addition, Durango holds ground approximately 2km away from the proposed pit of the Nemaska Whabouchi property which is currently in a joint venture negotiation. An update will be provided as soon as it is available.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

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Durango Visits Buckshot Graphite Property

Posted by AGORACOM at 9:00 AM on Friday, April 1st, 2016

Vancouver, BC / TheNewswire / April 1, 2016 – Durango Resources Inc. (the “Company” or “Durango”) is pleased to announce that it has arranged a crew visit to the Buckshot property located in southern Quebec, approximately 70km west of Montreal to satisfy the requirements for a 43-101 report.

President and Director of Durango, Marcy Kiesman, states, “We expect to be in a position to announce joint venture terms in the very near future for both the Buckshot and NMX East Property. A 43-101 report is being completed to satisfy the proposed agreement terms for the Buckshot which is located contiguous to Canada Carbon’s historic Miller Graphite Mine Property.”

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverté and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Québec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com

Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

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ST-GEORGES UPDATE ON TRANSITION TOWARDS ECO-MINING TECHNOLOGIES

Posted by AGORACOM at 11:42 AM on Thursday, March 31st, 2016

Montreal, Quebec, March 31, 2016 – St-Georges Platinum and Base Metals Ltd. (OTC: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to provide the following corporate update and progress report to its shareholders and stakeholders.

NEW ECO-MINING TECHNOLOGY FOCUS

St-Georges is transitioning its focus from mining exploration to mining technology, with the goal of creating a basket of patented technologies that will position the Company as a provider of environmentally friendly processing solutions, as well as tailing reclamation solutions.  The goal is to have market ready technologies in the very near future.

To demonstrate the Company’s very serious commitment to this transition, St-Georges has already undertaken the following important steps;

APPOINTMENT OF KEY DIRECTORS                        

In the Fall of 2015, the Company added Enrico Di Cesare (See Sept 28, 2015 Release) and Gary Johnson (See December 7, 2015 Release) to the Board of Directors.  Both Directors have significant metallurgy experience, amongst other things, which will be critical to the Company’s new Eco-Mining technologies business model.

Mr. Johnson, in particular, is also the President of Strategic Metallurgy Pty Ltd of Australia, with whom St-Georges announced a binding letter of intent. (See November 26, 2015 Release) As per the agreement, the Company will create a subsidiary, which will have the specific mandate to advance nickel-related extraction research projects.

In line with its new business development strategy, the Company also expects to implement some changes in its management structure in the next quarters.

BINDING LETTER OF INTENT – STRATEGIC METALLURGY PTY LTD

St-Georges and Strategic Metallurgy became partners on a 75-25% ratio in order to move forward a basket of new metallurgical and chemical technologies that can be deployed in a commercial environment within a relatively short schedule. Development tests and scalability demonstration should be conducted in Perth in the pilot-plant facilities of Strategic Metallurgy in 2016.

Final detailed agreements will be announced during the second quarter of 2016 in relation to the joint-venture special purpose corporate entity created with Strategic Metallurgy.

POTENTIAL BUSINESS AND TECHNOLOGY PARTNERS

Further advancement of the company’s R&D efforts will be done in parallel with the sourcing of business partners to target the mining reclamation business. We view this as a very lucrative opportunity due to the fact that North American governments are spending billions of dollars annually in reclamation projects where Acid Drainage remains one of the main issues.

St-Georges has initiated discussions with potential technology partners and intends to identify more as the new business model is deployed.  The Company also plans to spend a good amount of time and resources soliciting environmental mandates from different governmental agencies. Moreover, the Company plans to secure grant money to demonstrate the performance of some of its technologies in real-time field situations.

RECOMMENCING INVESTOR RELATIONS AND OUTREACH PROGRAMS

Given the anticipated level of heightened activity of St. Georges, the Company has agreed to enter into a new business relationship with Paradox Public relations of Montreal. Paradox will advise St-Georges’ management on corporate communication strategies. In parallel, St-Georges will be reactivating some of the prior suspended investor communication mandates with different firms in the second quarter of 2016.

FINANCING

In order to finalise the transition to its new business model, the Company is planning a private placement for a maximum of $145,000.  The offering will consist of units to be priced at $0.02 each. The Units will consist of one common share and one non-transferable 28-month warrant entitling the purchaser to acquire one common share and one additional warrant for an initial exercise price of $0.04. The second warrant will have an exercise price of $0.06 and will expire 28 months after the initial financing closing date.

At its discretion, the Company will be able to force the exercise of the warrants if the price of the common shares on the CSE is at or above 150% of the warrants’ exercise price for 10 consecutive days based on a VWAP calculation.

Proceeds of this financing will be set aside in order to pay costs related to Exchanges listings, Transfer Agents, Annual Shareholder Meetings, costs associated to the annual audits and to settle certain short term debts at a favorable rate.

Insiders who will participate in the private placement have accepted to subscribe to a 2-year voluntary resell restriction on the shares of the units.

Multilateral Instrument 61-101

Given the proposed participation of the insider holders for a significant proportion of the financing, the proposed financing might constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security holders in Special Transactions (“MI 61-101”).

St-Georges is relying on an exemption to both the formal valuation and the minority shareholder approval requirements of MI 61-101, as neither the fair market value of the Units to be distributed to, nor the fair market value of the consideration to be received by St-Georges from, the insider holders in connection with the proposed financing exceeds 25% of St-Georges’ share capitalisation.

Other Corporate Matters

The Company plans to hold its Shareholders Meeting in Montreal in early June 2016. Information about the location, time and exact date should be known by April 30th. Shareholders will be asked to approve the option plan, the new board of directors and the modifications to its main business.  No consolidation or reverse split is planned to be put to the vote.

All securities issuance are subject to CSE and regulatory approval.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

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American Creek Resources Acquires Silvershot Property in BC’s Golden Triangle

Posted by AGORACOM at 9:00 AM on Wednesday, March 30th, 2016

American Creek Resources Ltd. (TSX-V: AMK) (“the Corporation”) is pleased to report that it has acquired the SILVERSHOT silver property located in the “Golden Triangle” near Stewart, British Columbia.

The 235 hectare SILVERSHOT property is located approximately seven kilometers northeast of Stewart near the past producing Portland Canal Mine. BC government Minfile documents (Minfile 103P 064) report that the property lies within the Portland Canal Fissure Zone which has hosted several historic mines. In 1922 and 1923 a total of 53 meters of underground work was completed on the property associated with a massive pyrite, sphalerite and galena vein up to 0.30 meters wide containing high grade silver. Grab samples of the purest galena have assayed up to 5,345 g/T silver and 87.2% lead. The Corporation holds a 100% interest in the property as it was acquired through staking.

This most recent acquisition is part of the Corporation’s strategy of adding shareholder value by increasing its gold and silver property portfolio while mineral property prices are at depressed levels in anticipation of a precious metals market recovery. This strategy started with the prior acquisitions of the D1 and Gold Hill properties.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

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.

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Durango Visits NMX East Property

Posted by AGORACOM at 9:00 AM on Wednesday, March 30th, 2016

Vancouver, BC / TheNewswire / March 30, 2016 – Durango Resources Inc. (the “Company” or “Durango”) is pleased to announce that it has arranged a crew visit to the NMX East property located in northern Quebec to assess access for a 43-101 report.

President and Director of Durango, Marcy Kiesman, states, “The joint venture talks are ongoing and a 43-101 report is being completed as part of the arrangement. Durango remains focused on advancing the property which is located approximately 2km away from the proposed open pit of Nemaska Lithium’s Whabouchi property in effort to create value for our shareholders.”

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverté and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Québec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

 

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

 

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

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Uragold Commences Testing Of Process To Convert High Purity Quartz To Solar Grade Silicon Metal

Posted by AGORACOM at 7:36 AM on Tuesday, March 29th, 2016

Uragold Commences Testing Of Process To Convert High Purity Quartz To Solar Grade Silicon Metal

Uragold (TSX Venture: UBR) is pleased to announce that testing of its process to convert High Purity Quartz to Solar Grade Silicon Metal will commence today. Testing will be executed by PyroGenesis Canada Inc. (“PyroGenesis”), a clean-Tech company that designs, develops, manufactures and commercializes plasma waste-to-energy systems, plasma torch products and the PUREVAPâ„¢ Quartz Vaporization Reactor (QVR), from whom Uragold has been granted the worldwide exclusive rights for the One Step Production of Solar Grade Purity Silicon Metal from Quartz.

Having received confirmation that PyroGenesis has completed installation, assembly and commissioning of the PUREVAPâ„¢ QVR system, Uragold confirms the dynamic metallurgical testing program will commence today, Tuesday March 29, 2016.

Bernard Tourillon, Chairman and CEO of Uragold stated “This is a very exciting day for Uragold and its shareholders. Leading up to this day, we took the extra time and care necessary to insure the best possible results. We are now in the very capable hands of PyroGenesis and look forward with great anticipation to releasing the results to our shareholders in the very near future.”

ANTICIPATED TIMELINE FOR TESTING, RESULTS AND NEXT STEPS

The dynamic test protocols call for a first series of metallurgical tests to be completed at different operational settings. The High Purity Silicon Metal produced by the reactor during each of these tests will be sent to an independent laboratory for ICP – MS “Mass Spectrometry” analysis for validation.

Upon receipt of results, if needed, the operational parameters of the reactor will be adjusted. The process will be rapidly repeated in order to achieve the correct adjustments required for the transformation of Uragold Quartz into High Purity Si of a minimum of 4N purity (99.99 % Si).

Previously disclosed theoretical modeling of the process seems to indicate that transforming Raw Quartz into High Purity Silicon metals with a minimum purity of 4N (99.99 %) is within reach and, with anticipated process improvements, further testing could achieve purity of 5N (99.999 %) and even further to 6N (99.9999 %).

Uragold anticipates announcing results within 2-4 weeks.

Upon successful validation of the One Step Production Process, Uragold plans to move forward with the preparation of a Preliminary Economic Assessment (“PEA”) for its Roncevaux Quartz Property as the feed material for the PyroGenesis’ PUREVAP™ QVR process.

GLOBAL COMPETITIVE ADVANTAGE FOR URAGOLD – PRODUCING SOLAR GRADE SILICON METAL AT METALLURGICAL GRADE COSTS

PyroGenesis’ PUREVAP™ QVR disruptive potential is its one step direct transformation of Quartz into Solar Grade Silicon Metal, thereby potentially allowing Uragold to manufacture Solar Grade Silicon Metal (Sg Si) at the same cost as producing Metallurgical Grade Silicon Metal (Mg Si), a much lower quality product. Additionally, the Company believes the process holds a significant capital cost advantage that will allow a plant to be built at just a fraction of the current manufacturing costs.

Tourillon further added “It cannot be understated. Successful testing will provide Uragold with disruptive technology and a very strong competitive advantage over all other Solar Grade Silicon Metal Manufacturers. It allows Uragold to go much higher in the High Purity Quartz value chain and potentially become the lowest cost vertically integrated Silicon Metal, Solar Grade Silicon Metal and higher value Silicon Metal producer. Quite simply, this technology has the potential to revolutionize the process of manufacturing Silicon Metal.”

$USD 12 BILLION ANNUAL INDUSTRY, GROWTH DRIVEN BY PHOTOVOLTAIC SOLAR DEMAND

The Silicon Metal, Solar Grade Silicon Metal and Electronic Grade Silicon Metal markets combined, was a $USD 12 billion a year industry in 2014.  Metallurgical Grade Silicon Metal world consumption topped 2.25Mt in 2014, exceeding $US 6 billion in sales. Propelled by increased demand for photovoltaic (PV) solar panels systems, Metallurgical Grade Silicon Metal consumption is expected to grow by 6%+ per Annum[1].

About 10% of 2014 global Metallurgical Grade Silicon Metal produced was further refined into Solar Grade Silicon Metal and Polysilicon, worth another $US 6 billion.  GTM Research estimates that Installed PV demand will growth 15 % – 23 % annually, access to Solar Grade Si will be limiting factor in PV Growth, balance supply and demand for Sg Si demand expected for year-end 2016 as Gigawatt (GW) produce by Solar panels increases.[2]

About Uragold

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

High Value Specialty Materials

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

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

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

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

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

A Green And Clean Company

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

High Purity Quartz Properties

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

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

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

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.uragold.com

[1] Roskill: Silicon and Ferrosilicon: Global Industry Markets & Outlook report (2014)

[2] PV demand and GTM Research October 2015 Plus info from RECSilicon 2015 presentation

 

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KWG Applauds Important Canadian Governmant Budget Support

Posted by AGORACOM-JC at 2:13 PM on Thursday, March 24th, 2016

Kwglarge

  • Pleased that the Government of Canada made allocations in the budget announced on Tuesday that will assist development of the Ring of Fire
  • As reported by the Mining Association of Canada, the budget addressed a number of issues that it had raised, including:
    • Investments in key regulatory agencies, such as the Canadian Environmental Assessment Agency (CEAA) and Fisheries and Oceans Canada, that will help ensure sufficient capacity exists to carry out efficient regulatory reviews of major mining projects.

TORONTO, ONTARIO–(March 24, 2016) – KWG Resources Inc. (CSE:KWG) (FRANKFURT:KW6) (“KWG”) is very pleased that the Government of Canada made allocations in the budget announced on Tuesday that will assist development of the Ring of Fire. As reported by the Mining Association of Canada, the budget addressed a number of issues that it had raised, including:

  • Investments in key regulatory agencies, such as the Canadian Environmental Assessment Agency (CEAA) and Fisheries and Oceans Canada, that will help ensure sufficient capacity exists to carry out efficient regulatory reviews of major mining projects.
  • Funding to support CEAA’s capacity to undertake meaningful consultations with Indigenous groups.
  • New, long overdue investment in Natural Resources Canada’s science laboratories that promises to support new partnerships in clean tech and innovation with the mining sector.
  • Support for the Canadian Northern Economic Development Agency to continue its role in supporting northern regulatory efficiencies.
  • Renewal of the Mineral Exploration Tax Credit at a critical time for Canada’s junior exploration sector.

As announced on Tuesday also, KWG is in the process of filing the National Phase in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey and the USA under the Patent Cooperation Treaty to seek patent grants for its method to reduce chromite ore to metallics utilizing natural gas, a carbon reductant, and a catalyst formulation. The grant of a patent will be sought for the invention in each of these countries where the method might have commercial application and viability.

Natural Resources Canada’s CanMet research facilities are presently engaged in a program to analyze the opportunities for development of the Ring of Fire. As part of its research, the KWG direct reduction method will be evaluated for its economic efficacy and potential contribution to greenhouse gas reduction. KWG management participates in supervision of the CanMet research with membership in both the Steering Committee and the Technical Committee respectively developing and overseeing the research programs.

The abstract for a paper presented to the 2015 Conference of Metallurgists titled: Reducing energy consumption by alternative processing routes to produce ferrochromium alloys from chromite ore cited:

A techno-economic study on the new process identifies a reduction in overall energy consumption of 80% against conventional processing and approximately 40% lower than the current best practice. By utilising more natural gas than coal based energy sources, the KWG process is able to show an overall 50% reduction in greenhouse gas emissions compared with the most energy efficient current practice. The impact of the new process on future processing is therefore regarded as highly significant, with global energy reductions equivalent to the effect of completely eliminating energy demand from a country the size of Italy. (emphasis added)

The study concluded that the potential for this process to completely revolutionise the global ferrochrome industry should not be underestimated. Its impact reaches far beyond exploitation of a regional natural resource.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Shares issued and outstanding: 871,418,968

Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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