Posted by AGORACOM-JC
at 2:35 PM on Tuesday, December 10th, 2019
SPONSOR: New Age Metals Inc.
The company owns one of North America’s largest primary platinum
group metals deposit in Sudbury, Canada. 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. Learn More.
Palladium roars to record $1,900/oz. on South Africa power cuts
“South Africa produces 40% of world’s palladium and the ESKOM outages are hitting some mines, giving palladium just that extra nudge above $1,900,” says Tai Wong, head of base and precious metals derivatives trading at BMO
Spot palladium recently was +1% at $1,901.27/oz., after hitting an all-time high $1,903/oz.
“South Africa produces 40% of world’s palladium and the ESKOM outages
are hitting some mines, giving palladium just that extra nudge above
$1,900,” says Tai Wong, head of base and precious metals derivatives
trading at BMO, but after 13 straight positive sessions, “it wouldn’t be
surprising to see some consolidation, though the overall trend
continues to look positive.”
Scarcity concerns over palladium already have helped lift the metal by ~50% in 2019, due to its large demand in the auto sector.
Other metals also gained on the South African outages, with platinum +3.1% at $922.40/oz., the highest since Nov. 21, and silver +0.4% to $16.66/oz.; spot gold only +0.1% at $1,463.66/oz.
Posted by AGORACOM-JC
at 1:20 PM on Tuesday, December 10th, 2019
SPONSOR: NORTHBUD (NBUD:CSE)
Sustainable low cost, high quality cannabinoid production and
procurement focusing on both bio-pharmaceutical development and
Cannabinoid Infused Products. Learn More.
Posted by AGORACOM-JC
at 10:30 AM on Tuesday, December 10th, 2019
Tartisan Nickel Corp. has begun
An Investor Awareness Initiative with particular focus on Tartisan’s
flagship asset – The Kenbridge Nickel Deposit in Kenora, Ontario.
Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
Advanced stage deposit remains open
in three directions, is equipped with a 623m deep shaft and has
never been mined.
Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits.
Plans for Kenbridge include updating PEA, advancing the project through to feasibility and exploring the open mineralization at depth
FULL DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 8:44 AM on Tuesday, December 10th, 2019
There is no shortage of small cap companies claiming they want to
supply materials to the Lithium-Ion battery market …. but none of them
have:
The Silicon “Holy Grail”;
A fully functioning Pilot Plant coming online in Q1 2020;
Are in NDA discussions with a battery manufacturer;
Have not one but TWO world class technology partners
Have not one but THREE products to address different battery needs
HPQ Silicon (HPQ:TSXV) has all of these going in its favour and wasn’t afraid to say so in its latest press release. In fact, HPQ’s CEO stated the following outright: Â
“We now have even greater confidence in our joint ability to deliver the critical Silicon material required by the surging Li-ion battery market in 2020 and beyond.†Â
With the Company’s Pilot Plant already financed thanks to significant investments from both the Quebec government and technology partner, PyroGenesis, HPQ’s path in 2020 is set and so far ahead of everyone else that it warrants taking them very seriously. Â
Posted by AGORACOM-JC
at 7:55 PM on Monday, December 9th, 2019
On November 22nd, 2019, the Company received a request for information from Health Canada
The Request required the Company to provide certain information and confirmations related to the Company’s outstanding cultivation license application and evidence package
Company is pleased to report that the Request was responded to in full in advance of the December 8th, 2019 deadline.
TORONTO, Dec. 09, 2019 — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company“) is pleased to announce the appointments of Mr. Ryan Brown as Executive Chairman of the Board of Directors, Mrs. Jennifer Ross-Carriere to the Board of Directors and Mr. Sean Homuth as Chief Executive Officer of the Company, effective immediately.Â
“Since Sean has joined our team, he has been instrumental in
structuring and closing the first round of our debenture financing as
well as completing our acquisitions in California and Nevada,†said Ryan
Brown, Executive Chairman of NORTHBUD. “As NORTHBUD evolves its
operations in the USA, we are very excited in our future as 2020 will be
a significant year of growth for the Company. The extensive
operational experience Sean brings to the team will be essential in
executing our strategic plan and guiding the Company through its next
level of growth. Moving forward NORTHBUD is committed to the highest
level of financial management and diligence as we move from a
pre-revenue startup into the revenue generating operational phase of
development. Having someone with Sean’s experience and background at the
helm of NORTHBUD’s day-to-day operations is a natural evolution for our
Company. This transition will allow me to focus on overseeing the
corporate strategy while supporting the management team in its
execution.â€
“We are also pleased to welcome Jennifer Ross-Carriere to our Board
as she brings a strong legal and business background coupled with a
wealth of corporate governance experience to our board,†said Ryan
Brown. “Her knowledge, perspective and diverse skill set will complement
our existing board members and be an incredible asset for our Company
as we advance our strategic plan.â€
“I am
extremely pleased to be assuming the role of Chief Executive Officer
working alongside Ryan, a seasoned veteran of our industry, as we move
towards placing our vision into action,†said Sean Homuth, CEO of
NORTHBUD. “Our strategy is to build a Company focused on operating
cost-efficient cultivation facilities in the largest addressable markets
in North America. With a world class board and executive team, we are
poised to lead NORTHBUD through a period of tremendous growth and
opportunity.â€
Annual and Special Meeting The Company expects to hold its Annual and Special Meeting (the “Meetingâ€)
in Ottawa, Ontario toward the last week of January 2020 or in early
February 2020. The Company will update shareholders and file the
required notices on its website and under its issuer profile on SEDAR at
www.sedar.com.
Corporate Update On November 22nd, 2019, the Company received a request for information from Health Canada (the “Requestâ€).
The Request required the Company to provide certain information and
confirmations related to the Company’s outstanding cultivation license
application and evidence package. The Company is pleased to report that
the Request was responded to in full in advance of the December 8th,
2019 deadline. The Request did not contain any notices of deficiencies
in the Company’s cultivation license application nor did it require the
Company to make any modifications to its facilities. On November 27th,
senior management of the Company partook in a conference call with the
Company’s assigned reviewer at Health Canada to ensure the completeness
of the Company’s responses to the Request prior to submission. The
Company is confident that the approval process is on track but, at this
time, cannot predict when it will be granted a cultivation license by
Health Canada. The Company will update shareholders on any material
advancement of the application.
In preparation for the anticipated licensing of the Company’s
Canadian production facility, the Company has entered into a purchase
agreement with Ottawa-based licensed producer apollogreen inc. apollogreen inc.’s business is focused on the sale of clones and starting genetics. Under the terms of the agreement, apollogreen inc.
will provide the Company with starting materials which the Company
expects to be cultivated and sold under its Business to Business (“B2Bâ€) sales program.
“We are very happy to be working with the team at apollogreen
whom we have known for many years,†said Ryan Brown. “Their services
will significantly expedite our ability to achieve revenue post-receipt
of our cultivation license. The Company is in negotiation with multiple
licensed producers and expects to sign one or more letters of intent for
wholesale B2B supply in the coming weeks. The Company’s intention is to
secure immediate line of sight on revenue through the process of
obtaining our direct sales licenses and preparing our unique genetics
for commercialization under the NORTHBUD brand. Historically many
producers have chosen to bank inventory for the first 12 months pending
the receipt of a sales licence. We believe this is an inefficient
strategy and has resulted in large inventory valuation write downs and
inferior product being released to consumers. This provides us with a
focused cultivation strategy from day one which will increase
profitability and allow us to incrementally enter the market with
higher-margin branded products while ensuring cash flow needs will be
met in the near and medium term.â€
Option Grants On December 9, 2019, the board of directors of the Company approved the grant of 1,025,000 incentive stock options (“Optionsâ€)
to certain directors and senior officers of the Company. The Options
vest immediately and are exercisable to acquire common shares of the
Company at a price of $0.25 per common share, subject to the rules of
the Canadian Securities Exchange (the “CSEâ€) and the Company’s newly adopted 2019 Omnibus Equity Incentive Compensation Plan (the “Omnibus Planâ€).
The Options expire five years from the date of grant. The Omnibus Plan
was adopted by the Board of Directors on December 9, 2019 and is subject
to ratification and approval by the shareholders of the Company at the
Meeting. The foregoing grant of Options is subject to the ratification
and approval of the Omnibus Plan.
RSU Grants On December 9, 2019, the board of directors of the Company also approved the grant of 3,388,889 restricted share units (“RSUsâ€)
to certain officers, directors, key employees and consultants of the
Company. The RSUs vest in four equal tranches starting three months from
the date of grant. Each vested RSU entitles the holder thereof to
receive one common share of the Company upon delivery of an exercise
notice, in accordance with the Omnibus Plan. The foregoing grant of RSUs
is subject to the ratification and approval of the Omnibus Plan at the
Meeting by the shareholders of the Company.
About Sean Homuth, CEO of NORTHBUD Mr. Homuth
brings extensive experience with both Canadian and U.S. publicly traded
organizations both in industry as well as from a client perspective
during his tenure at Ernst & Young and, more recently, as an
independent consultant. Previously, Mr. Homuth was Chief Financial
Officer at Orezone Gold Corporation (and Vice President, Finance and
Administration for its predecessor company, Orezone Resources Inc.) a
publicly listed company headquartered in Canada with operations in West
Africa. At Orezone Mr. Homuth led a global team of finance professionals
and was involved in over $800 million in financings and M&A
transactions with the company and its predecessor. Mr. Homuth holds
accounting designations in both Canada (CPA, CA) and the United States
(CPA – Illinois).
About Jennifer Ross-Carriere, Director Mrs.
Ross-Carriere brings over 20 years of experience working with global
companies in the technology industry providing strategic and operational
advice to organizations of all sizes at the senior leadership and board
levels with a particular emphasis on legal matters and employee
relations. Previously, Mrs. Ross-Carriere held the roles as General
Counsel and Vice-President, People & Culture at IFS Aerospace &
Defense and General Counsel and Vice-President, People & Culture at
Mxi Technologies. In these roles, she demonstrated strong skills in many
areas including, intellectual property, licensing, M&A, corporate
governance and employment. She is a senior HR professional with a focus
on the development of an employee support organization truly matched to
company culture. Mrs. Ross-Carriere was called to the Bar of Ontario in
1999, holds a Bachelor of Laws (LL.B.) from McGill University and a
Bachelor of Arts from Carleton University. She has served as a Board
member of several technology companies and non-profit organizations.
About North Bud Farms Inc. North Bud Farms Inc.,
through its wholly owned subsidiary GrowPros MMP Inc., is pursuing a
license under The Cannabis Act. The Company has built a
state-of-the-art purpose-built cannabis production facility located on
135 acres of Agricultural Land in Low, Quebec, Canada. NORTHBUD through
its wholly owned U.S. subsidiary, Bonfire Brands USA has acquired
cannabis production facilities in California and Nevada. The Salinas,
California property is located on 11 acres which currently consists of a
300,000 sq. ft. of licensable greenhouse space with 60,000 sq. ft.
actively cultivating cannabis and a 2,000 sq. ft. building licensed for
distribution. The Reno, Nevada property is located on 3.2 acres of land
which was acquired through the acquisition of Nevada Botanical Science,
Inc. a world class cannabis production, research and development
facility with 5,000 sq. ft. of indoor cultivation which holds medical
and adult use licenses for cultivation, extraction and distribution.
Neither the CSE nor its Regulation Services Provider (as that term is
defined in the policies of the CSE) accepts responsibility for the
adequacy or accuracy of this release.
Forward-looking statements Certain statements and
information included in this press release that, to the extent they are
not historical fact, constitute forward-looking information or
statements (collectively, “forward-looking statementsâ€) within the
meaning of applicable securities legislation. Forward-looking
statements, including those identified by the expressions “anticipateâ€,
“believeâ€, “planâ€, “estimateâ€, “expectâ€, “intendâ€, “mayâ€, “should†and
similar expressions to the extent they relate to the Company or its
management.
Forward-looking statements, including those regarding the success of
the Company’s license application, the Company’s ability to execute its
strategic plan, conditions in the cannabis market, the Company’s
shareholders approving the Omnibus Plan, the vesting of the RSUs, the
Company entering agreements in connection with the B2B supply of
cannabis and the Company’s transition into a revenue generating
operational phase of development are based on the reasonable
assumptions, estimates, analysis and opinions of management made in
light of its experience and its perception of trends, current conditions
and expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances at the date
that such statements are made, but which may prove to be incorrect.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Such risks and uncertainties include,
among others, the risk factors included in the Company’s final long form
prospectus dated August 21, 2018, which is available under the
Company’s SEDAR profile at www.sedar.com.
Accordingly, readers should not place undue reliance on any such
forward-looking statements. Further, any forward-looking statement
speaks only as of the date on which such statement is made. New factors
emerge from time to time, and it is not possible for the Company’s
management to predict all of such factors and to assess in advance the
impact of each such factor on the Company’s business or the extent to
which any factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements. The Company does not undertake any obligation to update any
forward-looking statements to reflect information, events, results,
circumstances or otherwise after the date hereof or to reflect the
occurrence of unanticipated events, except as required by law including
securities laws. This news release does not constitute an offer to sell
or a solicitation of any offer to buy any securities of the Company.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: North Bud Farms Inc. Edward Miller VP, IR & Communications Office: (855) 628-3420 ext. 3 [email protected]
Posted by AGORACOM-JC
at 2:39 PM on Monday, December 9th, 2019
SPONSOR: New Age Metals Inc.
The company owns one of North America’s largest primary platinum
group metals deposit in Sudbury, Canada. 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. Learn More.
Palladium eyes $1,900 in record surge, gold firms on trade doubts
Palladium soared to a record just shy of the $1,900 mark on Monday
Gold edged higher as uncertainty over U.S.-China trade talks took center stage ahead of a Dec. 15 deadline for fresh U.S. tariffs.
Autocatalyst metal palladium climbed to an all-time high of $1,898.50 an ounce and was last up 0.19% at $1,881.43.
“Palladium has a very strong fundamental backdrop with supply set to
stay quite scarce and demand growth set to increase,†said Daniel Ghali,
commodity strategist at TD Securities.
Palladium has risen nearly 50% in 2019 on a sustained supply squeeze,
and has constantly been breaking records, despite a weakening global
auto sector. Increasingly stringent emissions regulations globally are
raising the palladium in autocatalysts for gasoline-powered cars and
2020 could see the most number of regulations, Ghali added.
“There is a widespread expectation that (palladium) spot prices are
headed towards $2,000 and the market does currently appear to be in a
one-way street,†INTL FCStone analyst Rhona O’Connell said in a note.
“Even with the (auto) sector under pressure, palladium will be in
deficit for the foreseeable future and the funds are chasing it higher.â€
“The tariff deadline of Dec. 15 is certainly top of everyone’s mind
… The situation is still uncertain, helping gold stay firm,†TD
Securities’ Ghali said. China said on Monday it hoped to make a trade
deal with the United States as soon as possible, as Washington’s next
round of tariffs against Chinese goods is scheduled to take effect on
Dec. 15. Also supporting bullion, equity markets were further pressured
after China’s exports shrank in November.
Markets now await the U.S. Federal Reserve’s two-day meeting starting
on Tuesday for cues on its monetary policy. The central bank is
expected to highlight the economy’s resilience and keep interest rates
on hold in the range of 1.50% to 1.75%.
U.S. investment bank Goldman Sachs said investment demand for gold
would be supported by recession fears and political uncertainty,
forecasting prices at $1,600 an ounce over a three- and 12-month period.
Platinum and silver were up 0.2% at $897.36 and $16.60 an ounce, respectively.
Posted by AGORACOM-JC
at 12:19 PM on Monday, December 9th, 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.
5 Crypto Trends that Appeared in 2019
The crypto space evolved in 2019, moving a bit beyond the immediate hype of price action.
While some trends and approaches failed, other developments came into the spotlight, offering new types of earnings opportunities.
The crypto space evolved in 2019, moving a bit beyond the immediate
hype of price action. While some trends and approaches failed, other
developments came into the spotlight, offering new types of earnings
opportunities.
In 2019, the top crypto trends expanded to fill the void of previously defunct models.
Futures Trading: The CME futures trading started
back in 2017. But in 2019, the market had grown significantly. The
launch of Bakkt futures added to the price discovery of Bitcon (BTC) at
the end of 2019. Crypto-to-crypto exchanges also expanded their futures
markets in many directions. Some chose to offer futures for the most
liquid altcoins. OKEx was among the most innovative markets, adding
USDT-settled futures.
The addition of futures also meant that not only BTC owners could
hope to trade based on the price risk of the leading coin. Futures
markets move by a different logic, and do not need to conform to the
expectations of long-term BTC “hodlersâ€, hence pressures to dump the
price are also possible.
Crypto-based Lending: As more altcoins became
inactive, the assets had to find a use case. Lending based on locking up
the assets expanded in 2019. Ethereum (ETH) was the top collateral
asset. Binance, however, became the leader in offering lending products
based on some of the leading altcoins.
Custodial Storage and Staking: Staking coins were
big even years ago, but for most, this required some technical knowledge
and a dedication to keeping an operational wallet online. Now, it is
possible to stake coins while making use of custodial services. Coinbase
and more recently, Binance, are adding more proof-of-stake coins,
redistributing the rewards. The latest asset to be added was Tezos,
which has a relatively complex “baking†process.
Decentralized Finance (DeFi): Part crypto lending,
part staking, DeFi is a separate rendition for the usage of stablecoins.
Usually based on Ethereum (ETH), those services aim to replicate
traditional finance. Maker DAO grew significantly in 2019, finally
releasing its multi-collateral DAI in November. Despite ETH price
volatility, DeFi only suffered relatively minor liquidations, and trust
remained high enough to continue the decentralized lending pattern.
IEOs: Initial Exchange Offerings were the tamer,
curated version of token sales. At the lead, exchanges like Binance and
OKEx offered independent projects. Binance went the extra mile to build
its own Binance Chain and host some of the tokens. Returns from IEOs
varied, and some exchanges rode the trend with shady offerings. Bitfinex
also used the IEO hype to place its own LEO token, which did not hold a
public sale. IEOs were a new opportunity for tokenization and financing
selected projects, but most of the tokens were volatile.
For almost all crypto trends, 2020 may see even stricter regulations.
But financial innovation is happening in the sector, potentially
building new cases for digital assets.
Posted by AGORACOM-JC
at 10:09 AM on Monday, December 9th, 2019
Zomato CEO Deepinder Goyal, CEO of BetterU Brad Loiselle &
Beautiful Destinations CEO Jeremy Jauncey spoke at the 17th edition of
Hindustan Times Leadership Summit. They spoke on changing the way of
doing business in India and also highlighted the challenges they face in
the country. They also spoke on the role of social media in
establishing and running a business in India and narrated the
differences between operating a business in India and abroad. Watch the
full video for more.
KEY 2020 PUREVAP™ DEVELOPMENTS THAT WILL DRIVE HPQ FORWARD
1. Gen 3 PUREVAP™ QRR Pilot Plant operational Q1 2020
PyroGenesis Canada Inc.(TSX-V: PYR) (“PyroGenesisâ€) informed HPQ that the Pilot Plant commissioning and testing program will start in full force Q1 2020.
“As previously discussed, a good part of the past year saw us
divert assets from paying projects to non-paying projects. This enabled
PyroGenesis to secure the large breakout contract it recently announced
as well as the upcoming Navy project, which was also recently
announced. As a result, our signed backlog increased from $6MM in Q2
2019 to almost $30MM at the end of Q3 2019. The successful closing of
the Navy project will further increase this backlog by an additional
$13MM. This increase in backlog de risks the company significantly, all
to the benefit of our clients, like HPQ, and their shareholders,†said P. Peter Pascali, President and CEO of PyroGenesis Canada Inc.
“We are now in position to re-focus, and accelerate, the PUREVAP
initiative focus on the multitude of opportunities that have come to
light since defining our original mandate. As a result, we are
confident that HPQ is going to make some significant headway over the
coming months, the least of which will be to start the Gen3 PUREVAPTMPlant commissioning and testing program.
“HPQ congratulates our partner P. Peter Pascali and his
PyroGenesis team on their $20 million contract award, which once again
proves their ability to commercialize high tech applications on a global
scale,†said Bernard Tourillon, President & CEO of HPQ Silicon. “With
the PUREVAPTM Pilot Plant becoming operational in Q1 2020, we now have
even greater confidence in our joint ability to deliver the critical
Silicon material required by the surging Li-ion battery market in 2020
and beyond.â€
The PUREVAP™QRR technology is a unique
carbothermic process that will allow HPQ to have a significant impact,
short and long term, on the following Silicon (Si) markets and
industries:
2. Nanoscale Structure Silicon Powders manufacturing for Li-ion batteries
HPQ and PyroGenesis recently announced plans
regarding the creation of a Joint Venture to produce Nanoscale
Structure Silicon (Si) powders for Li-ion batteries. In Q1 2020, the
plan is to have a modified Gen2 PUREVAPTM reactor operational,
in parallel with the Pilot Plant, validating that our approach works and
producing Nanoscale Structure Silicon (Si) powders samples for industry
participants and research institutions.
Nanoscale Structure Silicon Powders improve Li-ion battery
performance but high-performance Silicon (Si) anodes made using powders
selling for US$ 30,000/kg1 are not commercially feasible. Combining HPQ
PUREVAP™Quartz Reduction Reactor (“QRR”) technology
with PyroGenesis Plasma Atomization knowhow to produce Nanoscale
Structure Silicon (Si) powders represents a unique multibillion-dollar
business opportunity that could subsequently lead to their wide scale
adoption in the battery market. If this occurs, HPQ and PyroGenesis
would then be well positioned to assume a dominant market position.
Silicon’s potential to meet energy storage demand is undeniable and generating massive investments, as well as, serious industry interest, so HPQ and PyroGenesis timing could not be better. A recent report
by Wood Mackenzie Power projects that energy storage deployments are
estimated to grow 1,300% from a 12 Gigawatt-hour market in 2018 to a 158
Gigawatt-hour market in 2024. An estimated US$71 billion in
investments will be made into storage systems where batteries will make
up the lion’s share of capital deployment.
3. Porous Silicon wafers for solid state Li-ion Batteries
During Q3 2019, HPQ started discussions with a battery manufacturer regarding using Silicon produced by our Gen3 PUREVAPTM QRR
pilot plant to manufacture porous silicon wafers needed for their
operations. Furthermore, HPQ negotiated with Apollon Solar an amended
agreement that broadens the scope of the 2017 collaboration
to include, going forward, evaluating manufacturing porous Silicon
wafers for solid-state Li-Ion batteries combining their patented process
with Silicon (Si) produced with HPQ PUREVAPTMQRR.
In November 2019,
HPQ and its partner Apollon Solar SAS, acting as one party, signed a
non-disclosure agreement (“NDAâ€) with the battery manufacturer for the
purposes of exchanging technical information and sending testing
materials. We are still at the beginning of the process of exchanging
technical information and yet we are already looking into the
possibility of supplying the battery manufacturer with the first Silicon
wafer for testing by year end or beginning of 2020.
The probabilities that the discussions started under NDA will evolve
during Q1 2020 to a more formal process are very encouraging.
4. High Purity Silicon Oxide (SiOx) Nanopowders for Li-ion Batteries
In addition to its wafer work, HPQ intends to study, during H1 2020,
the possibility of utilizing Apollon Solar patented process to optimize
the porous structure of HPQ PUREVAPTM Silicon between
Microporous (pore size <5nm), Mesoporous (pore size 5nm – 50nm) and
Macroporous (pore size >50nm) in order to evaluate the potential of
producing, low cost, High Purity SiOx Nanopowders.
The infancy of Si anode technology base on Nanoscale Structure
Silicon Powders explains why presently only limited performance
improvement are obtained using High Purity Silicon Oxide (SiOx)
Nanopowders, selling for about US$ 100/kg2, used in a blended form with
graphite in traditional Li-ion batteries. The quantity used is
typically less than 5 wt%
of the material used to make the batteries, yet even at these levels of
utilization, this is estimated to represent an addressable market of US
$ 1B by 20223 expanding at a CAGR of 38.9% between 2019 – 2024.
5. Standard purity Silicon (“Siâ€) (up to 2N Purity)
Up to now, market participants with significant quartz assets have
shown a keen interest in our process. As such, HPQ anticipates silicon
industry participants will show a keen interest in PUREVAPTM once the
Pilot Plant is operational and validates our unique operational
advantages.
The addressable market for Mg Si is in the multi-billion range with
demand projected to increase by a CAGR of 19% over the next 5 years
(US$ 7.5B in 2018 to US$ 12B in 2023)4. The bulk of the growth is
expected to come from the 2N segment of the market, where the PUREVAP™ QRR process should have massive opex and capex advantage over traditional manufacturers.
6. Solar Grade Silicon using a PUREVAPTM UMG metallurgical process
The market for Solar Grade Silicon is massive and evolving at such an
accelerated pace that some of our original product development
hypothesis are not as relevant as before. Having said this, working
with Apollon Solar, we strongly believe that if the PUREVAP™QRR can
produce, as we believe it can, Si material of 4N+ purity with low boron
count (< 1 ppm), we can develop a very competitive UMG Metallurgical
route to produce Solar Grade Silicon.
OTHER CORPORATE NEWS
1. ANNUAL MINIMUM ROYALTIES PAYMENT DUES TO PYROGENESIS
Under the terms of our Agreement with PyroGenesis, HPQ was obliged to
pay minimum royalty payment obligations of $150,000 for 2018 and
$200,000 for 2019. Due to delays in the project beyond HPQ’s control,
PyroGenesis has agreed to wave HPQ minimum royalty payment obligations
for 2018 and 2019. This represents a Q4 2019 reduction in HPQ current
liabilities of $350,000. Minimum royalties’ obligations will resume
with the scheduled 2020 payment to PyroGenesis.
2. WARRANTS EXTENSION
HPQ Board of Directors has authorized the application to the TSX
Venture Exchange (the “Exchangeâ€) for approval of the extension, until
January 31, 2022, of the exercise date of 4,152,000 outstanding common
share purchase warrants (the “Warrantsâ€) issued by the Company July 17,
2018. The 4,152,000 Warrants are set to expire on January 17, 2020 and
have an exercise price of $0.155. As of today, none of these purchase
warrants has been exercised. All other terms and conditions of the
Warrants will remain the same. The proposed extension is conditional
upon the receipt of the approval of the Exchange.
3. DEBT FOR SHARES
In accordance with the agreement between HPQ-Silicon and Agoracom,
entered into on July 15, 2018 for the term ending July 15, 2020,
HPQ-Silicon board has approved the issuance of 156,944 common shares at a
deemed price of 9 cents per share to pay $14,125 for services rendered
during the period from January 16, 2019 ending April 15, 2019, HPQ board
has also approved the issuance of 156,944 common shares at a deemed
price of 9 cents per share to pay $14,125 for services rendered during
the period from April 16, 2019 ending July 15, 2019, and HPQ board has
also approved the issuance of 166,176 common shares at a deemed price of
8.5 cents per share to pay $14,125 for services rendered during the
period from July 16, 2019 ending October 15, 2019. Each share issued
pursuant to the debt settlement will have a mandatory four (4) month and
one (1) day holding period from the date of closing.
About Silicon
Silicon (Si) is one of today’s strategic materials needed to fulfil
the renewable energy revolution presently under way. Silicon does not
exist in its pure state; it must be extracted from quartz, one of the
most abundant minerals of the earth’s crust and other expensive raw
materials in a carbothermic process.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed company developing, in
collaboration with industry leader PyroGenesis (TSX-V: PYR) the
innovative PUREVAPTM “Quartz Reduction Reactors†(QRR), a truly
2.0 Carbothermic process (patent pending), which will permit the
transformation and purification of quartz (SiO2) into Metallurgical
Grade Silicon (Mg-Si) at prices that will propagate its significant
renewable energy potential.
HPQ is also working with industry leader Apollon Solar to develop: Porous silicon wafers manufacturing using PUREVAP™
Silicon (PVAP Si) that can be used as anode for all-solid-state and
Li-ion batteries; and a metallurgical pathway of producing Solar Grade
Silicon Metal (SoG Si) that will take full advantage of the PUREVAPTM QRR
one-step production of high purity silicon (Si) and significantly
reduce the Capex and Opex associated with the transformation of quartz
(SiO2) into SoG-Si.
HPQ focus is becoming the lowest cost producer of Silicon (Si), High
Purity Silicon (Si), Porous Silicon Wafers and Solar Grade Silicon Metal
(SoG-Si). The pilot plant equipment that will validate the commercial
potential of the process is on schedule to start in 2019.
This News Release is available on the company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
Disclaimers:
The Corporation’s interest in developing the PUREVAP™ QRR and any
projected capital or operating cost savings associated with its
development should not be construed as being related to the establishing
the economic viability or technical feasibility of the Company’s
Roncevaux Quartz Project, Matapedia Area, in the Gaspe Region, Province
of Quebec.
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 security’s 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, President and CEO Tel (514) 907-1011 Patrick Levasseur, Vice-President and COO Tel: (514) 262-9239 http://www.hpqsilicon.com Email: [email protected]
1 Source: Quotation from a producer (Confidential), Media article
2 Advanced Battery Materials, Chapter 5: Practically Relevant Research on Silicon-Based Lithium-Ion Battery Anodes (page 271)
3 Source Marketandmakerts.com
4 CRU – Silicon Market Outlook – November 14, 2018 (Pages 20 – 23)
Posted by AGORACOM-JC
at 4:31 PM on Thursday, December 5th, 2019
ZeU Crypto Networks Inc., has filed a new provisional patent entitled “Method and System for Converting Database Applications into Blockchain Applications.”
The new IP provides a convenient method for combining traditional applications with blockchain technology.
Montreal – December 5, 2019 – St-Georges Eco-Mining Corp. (CNSX:SX.CN)(OTC:SXOOF) (FSE:85G1) is pleased to announce that its subsidiary, ZeU Crypto Networks Inc., has filed a new provisional patent entitled “Method and System for Converting Database Applications into Blockchain Applications.” The new IP provides a convenient method for combining traditional applications with blockchain technology.
This method does not require any
modifications to existing applications. On the database layer, we
directly ensure data in the database maintains synchronization with the
data in the blockchain. Traditional enterprise applications are
database-based applications, and all business services are built upon
relational or non-relational databases. A common problem in the process
of migrating from enterprise applications to blockchain applications is
that the overall structure of blockchain is very different from
traditional enterprise applications. Enterprise applications must be
significantly modified or even rewritten to fit the structure of
blockchain’s logic.
This patent provides a method and
system for converting database-based applications into blockchain-based
applications; multiple applications on different nodes can automatically
perform global data consensus to prevent data conflicts. The basic
method is to monitor the database written by applications, extract data
operations from transaction logs, convert the data operations to a
general format, and activate the smart contract on the blockchain to
complete the data consensus check at multiple nodes. Each node monitors
the blocks on blockchain and synchronizes the data back to the database.
In the case of conflicting or illegal data, the data is not able to
pass consensus and synchronize with the other nodes in the blockchain.
The local nodes automatically roll back when detecting invalid data.
Example 1: Electrical Certificate
In this case, when a record is
generated locally, and it needs to be retrieved later for confirmation,
such as legal documents, bank orders, etc. Traditionally a centralized
database has been used to store the data and validate the conflicts.
With the method in this patent, traditional database-based apps could be easily converted to a blockchain-based decentralized system and expanded to multiple organizations.
In a traditional environment, all
apps must be based on the same database to store and verify the data.
With the method in this patent, there is no need to modify the app code,
insert the BC-DB adapter layer between the database and the blockchain
in each node, and then select the fields in the database to
automatically synchronize to all other databases through the blockchain.
If there is a data conflict, the adapter resolves it. All the changes
from DB1 and DB3 are synchronized to DB2, and APP 2 could query all
confirmed data.
Example 2: Supply Chain
For supply chain scenarios, there
may be different participants, like part suppliers, manufacturers,
logistic companies, retailers, banks, etc. Product info data needs to be
shared between different organizations. Suppliers write records for
parts supplied to the manufacturer. Manufacturers write product
information and which parts were used for which product. Logistic
companies write details regarding product transportation. Retailers
write product sales information. The bank needs all the aforementioned
information to issue loans.
By adding an adapter beside each
database, the databases on different nodes could be synchronized and
achieve impressive results. The supply company knows the inventory of
the manufacturer. It thus could prepare parts in advance, thereby
shortening the lead-time. The logistic company could get the product
data even if it is still at the manufacturer, and can arrange vehicles
in advance. The manufacturer receives the retail data to help plan the
manufacturing cycle to better suit market needs. The bank could receive
all the data from the different nodes to detect potential fraud and
issue loans to participants.
St-Georges Eco-Mining Other Corporate Matters
Amended listing statement for ZeU
St-Georges subsidiary, ZeU Crypto
Networks Inc, has filed today an amended listing statement with the
Canadian Securities Exchange that takes into account the recent changes
in short-term debt ratios that were previously holding the process.
Management will keep its shareholders informed on the progress when
material information becomes available.
Missing & Incorrect Information from Latest Press Release
St-Georges would like to correct a
mistake include in the December 1, 2019 Press Release “Closing of First
Tranche of Financing.” Some versions of the press release were
disseminated with the wrong amount being raised. The total amount raised
is $500,100, while the erroneous release mentioned $501,100.
Additionally, one insider subscribing in the private placement was
omitted from the list. Enrico Di Cesare, a director and insider of the
company, subscribed to 300,000 units of the placement for a total of
$30,000.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANK DUMAS
DIRECTOR & COO, ST-GEORGES ECO-MINING
PRESIDENT & CEO, ZEU CRYPTO NETWORKS.
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.
Copyright (c) 2019 TheNewswire – All rights reserved.
