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Enthusiast Gaming $EGLX.ca Hires Top Gaming Media Sales Team to Drive Revenue Growth $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 7:47 AM on Thursday, October 10th, 2019
  • Combined experience with gaming brands Electronic Arts, PlayStation and Sony
  • Sales team will build customized, targeted advertising programs for brands looking to target Enthusiast’s monthly reach of 200 million gamers
  • A focus on a direct sales strategy will increase revenue per user and provide good value for advertisers

TORONTO, Oct. 10, 2019 — Enthusiast Gaming Holdings Inc. (TSXV: EGLX)(FSE: 2AV) (“Enthusiast Gaming” or the “Company”) announced today it has hired an executive sales team across North America to help drive direct advertising sales across Enthusiast Gaming’s platform, the largest gaming network in the U.S.

Enthusiast Gaming is excited to welcome the new team, led by Jon Dwyer, SVP, Head of Sales and Special Partnerships; Amanda Rubin, VP Sales, East Coast and Rob Frohling, VP Sales, West Coast. The team brings extensive experience in gaming media sales with brands like Electronic Arts (“EA”), PlayStation and Sony. The new sales team will build out our offices in LA, NY and Toronto, engaging new and existing relationships with brands and agencies.

Menashe Kestenbaum, President of Enthusiast Gaming commented, “We are excited to welcome Jon, Rob and Amanda to our family! We are honored they chose Enthusiast, recognizing the strength in our organization, as the as the largest gaming network in the U.S. with a global monthly audience of over 200 million. Their combined sales experience in gaming media, with leading gaming brands like EA, PlayStation, and Sony Crackle will be key for the growth of our business. Our clients will see immediate value as the team brings deep subject matter expertise, and strong reputations and relationships which will help support our existing clients and bring in new partners across new verticals.”

Enthusiast Gaming’s platform generates over 30 billion ad requests and over 1 billion page views a month. To date, over 95% of Enthusiast Gaming’s revenue generated has been from programmatic advertising; as such implementing a direct sales strategy will enable the Company to drive revenue per user and increase revenue per CPM (cost per thousand impressions).  The direct sales team will allow the Company to monetize across the entire platform of 100 websites, 900 YouTube channels, 7 professional esports teams and over 50 gaming and esports influencers. Direct conversations with brands and agencies will also allow Enthusiast to capitalize on its reach of over 200 million gaming enthusiasts, with custom, direct marketing and promotional campaigns.

Enthusiast Gaming’s business is made up of three key pillars: Media, Esports and Events. As one of the gaming industry’s fastest growing companies with a significant global network of gamers, Enthusiast Gaming enables brands and agencies to reach the sought after millennial target audience, with a customizable, unique program across all three pillars. The Company has partnered with some of the world’s leading brands, including Activision Blizzard, Ubisoft, Foodora, Nintendo, Bell, and Microsoft. Establishing a sales team will be important to continue fostering relationships and driving revenue with brands directly.

Jon Dwyer, SVP, Head of Sales & Special Partnerships

With over 15 years’ experience in sales, business development and marketing, Jon has been CEO and Director of various companies across various industries, including technology, biotech and industrial. Jon was previously Managing Director of Aereus Technologies, where he was responsible for day to day operations and M&A financings. Prior to Aereus, Jon was founder and CEO of Flax Energy. 

Amanda Rubin, VP Sales, East Coast

Amanda Rubin brings over 10 years’ experience in media and advertising to the Enthusiast Gaming team. Initially starting her career in digital as a marketer, planner and buyer of emerging media, Amanda has worked for large brands like Ralph Lauren, Woven Digital and most recently, EA. Before Enthusiast Gaming, Amanda was the Manager, East Coast Sales, at EA. As part of EA’s global brand partnership team, Amanda was the Client Lead on relationships with brands such as Verizon, Coca-Cola, Bose and NBCU. Amanda has worked directly with clients such as Coca-Cola, Bose, GSK, PUMA, New Era, NBCU, Verizon, Tracfone, L’Oreal, Reebok, and New Balance.

Rob Frohling, VP Sales, West Coast

Prior to joining Enthusiast Gaming, Rob served 4 years as Senior Account Executive of Digital Advertising Sales for Sony Pictures Television and PlayStation. He helped build their OTT / video ad sales while also heading up their branded content and sponsorship business for Emmy nominated original shows like Comedians in Cars Getting Coffee and SuperMansion. Rob also helped create custom, native advertising business on Sony PlayStation and PlayStation VR with overall revenue responsibility and OTT advertising leadership for Sony Crackle, PlayStation, PlayStation Vue, Pluto TV and Funimation streaming TV services. Before Sony, Rob spent 2 years as Account Executive of National Ad Sales for Outfront Media, the largest Out Of Home organization in North America. Rob is recognized as an agent of change in Connected TV/Over the Top (OTT) Video, Mobile and Console Gaming Advertising with a high energy approach to exceeding revenue targets. 

About Enthusiast Gaming 

Enthusiast Gaming (TSX.V: EGLX)(FSE: 2AV) is building the largest network of gaming and esports communities in the world. Already the largest gaming network in the U.S, the Company’s business is comprised of three main pillars: Media, Events, Esports. Enthusiast Gaming’s digital media platform includes +100 gaming related websites and 900 YouTube channels which collectively reach 150 million visitors monthly with over 1 billion page views. Enthusiast’s esports division, Luminosity Gaming, a leading global esports franchise consists of 7 professional esports teams under ownership and management, including the #1 ranked Overwatch team, the Vancouver Titans, and over 50 gaming influencers with a total audience of 60 million followers. Collectively, the integrated ecosystem reaches over 200 million gaming enthusiasts on a monthly basis. Enthusiast Gaming’s event business, owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX, (eglx.com) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com. For more information on Luminosity Gaming, please visit luminosity.


CONTACT INFORMATION: 

Investor Relations:  

Julia Becker
Head of Investor Relations & Marketing
[email protected]
(604) 785.0850  

Forward-Looking Information 

Certain statements in this release are forward-looking statements.  Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of Enthusiast Gaming.  The risks include risks that are customary to transactions of this nature and customary to companies which have their stock traded on the TSXV. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Enthusiast Gaming will obtain from them.  

This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 

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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Posted in Enthusiast Gaming Holdings Inc., Featured | Comments Off on Enthusiast Gaming $EGLX.ca Hires Top Gaming Media Sales Team to Drive Revenue Growth $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Empower Clinics $CBDT.ca Provides Corporate Updates Highlighting Triple Digit Patient Growth and Subsidiary Sun Valley Health Launches New Modalities and Patient Services $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca $FAF.ca

Posted by AGORACOM-JC at 7:43 AM on Thursday, October 10th, 2019
  • Patient visits in corporate clinics increase by triple digits, with September 2019 patients seen increasing by 307% to 1,884 versus September 2018 with 614 patients seen
  • Launching seven new modalities and services for patients in the Sun Valley Health clinics

VANCOUVER, Oct. 10, 2019  – EMPOWER CLINICS INC. (CSE: CBDT) (OTC: EPWCF) (Frankfurt 8EC) (“Empower” or the “Company“), a vertically integrated and growth-oriented CBD life sciences company, a multi-state operator of medical health & wellness clinics, a CBD product producer and operator of an extraction facility in Oregon, is pleased to announce it is launching seven new modalities and services for patients in the Sun Valley Health clinics commencing Monday October 14th, 2019.

The Company also has patient visits in corporate clinics increase by triple digits, with September 2019 patients seen increasing by 307% to 1,884 versus September 2018 with 614 patients seen.

“The tremendous year-over-year increase in patient visits is a testament to the operating strengths and patient management demonstrated by our clinic team members, each and every day,” said Steven McAuley, CEO of Empower. “Their passion for patient wellbeing and the use of numerous communication tools ensures world-class service is provided throughout the entire patient journey.”

As part of the Company’s continued expansion of our health & wellness clinic model, we have already set up retail CBD product sales in-clinic, and now we have launched expanded physician based services.

New Modalities and Services

  • Physician’s CBD Enhanced Massage, Acupuncture, or Cupping Sessions
  • CBD-Cannabis-Supplement Consumption & Coaching Consultation
  • Introduction to Alternative Health and Cannabinoid Therapies by a Physician
  • Comprehensive Naturopathic Patient Analysis & Consultation
  • Dietary Antigen Testing, Physician Consultation/Action Plan, & Concierge Blood Draw
  • Neurotransmitter (urine) Profile & Physician Consultation/Action Plan
  • Spectracell Micronutrient Test & Physician Consultation/Action Plan

“By offering our new suite of laboratory testing, alternative health consulting, and CBD therapies we are able to address the needs of our current patients and serve the community outside of cannabis that are seeking alternative health care,” states Dustin Klein, Director & VP Business Development. “Incorporating our new modalities, high quality vitamins, supplements, and CBD products into our network of clinics is a natural progression toward our goal of becoming the nation’s premier alternative healthcare provider.”

Additional UPDATES

  • New Modalities and Patient Services The Company continues to see patient visits in corporate clinics increase by triple digits, with September 2019 patients seen increasing by 307% to 1,884 over July 2018 614 patients seen.

  • Sun Valley Health Franchise Sun Valley Health www.sunvalleyhealth.com has been actively participating in various franchise and cannabis expos in St. Louis, Chicago and Houston to market the Sun Valley Health franchise program, attracting numerous qualified candidates for available territory locations. The Company has accepted many applications and has provided the Franchise Disclosure Document (FDD) to qualified applicants in anticipation of completing the first initial territory sales.

ABOUT EMPOWER

Empower is a vertically-integrated health & wellness brand with it’s first hemp-derived CBD extraction facility under development, the Company produces its proprietary line of cannabidiol (CBD) based products and distributes products through company owned and franchised clinics, with wholesale partnerships, online channels and with new retail opportunities nationwide in the U.S. The company is a leading multi-state operator of a network of physician-staffed wellness clinics, focused on helping patients improve and protect their health, through innovative physician recommended treatment options. The company has commenced activity on how to connect its significant data, to the potential of the efficacy of alternative treatment options related to hemp-derived cannabidiol (CBD) therapies.

ON BEHALF OF THE BOARD OF DIRECTORS:

Steven McAuley
Chief Executive Officer

DISCLAIMER FOR FORWARD-LOOKING STATEMENTS

This news release contains certain “forward-looking statements” or “forward-looking information” (collectively “forward looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include statements regarding; the Company’s intention to open a hemp-based CBD extraction facility, the expected benefits to the Company and its shareholders as a result of the proposed acquisitions and partnerships; the terms of the proposed acquisitions and partnerships; the effectiveness of the extraction technology; the expected benefits for Empower’s patient base and customers; the benefits of CBD based products; the effect of the approval of the Farm Bill; the growth of the Company’s patient list and that the Company will be positioned to be a market-leading service provider for complex patient requirements in 2019 and beyond. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including; that the Company may not open a hemp-based CBD extraction facility; that legislative changes may have an adverse effect on the Company’s business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed acquisitions and partnerships; and other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.

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Posted in Empower Clinics Inc., Featured | Comments Off on Empower Clinics $CBDT.ca Provides Corporate Updates Highlighting Triple Digit Patient Growth and Subsidiary Sun Valley Health Launches New Modalities and Patient Services $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca $FAF.ca

PODCAST: Why #cannabis 3.0 is the real opportunity for Canada with Bruce Linton – SPONSOR: #NORTHBUD $NBUD.ca $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 12:55 PM on Wednesday, October 9th, 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.

NBUD: CSE
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PODCAST: Why ‘cannabis 3.0’ is the real opportunity for Canada with Bruce Linton

By: Emily Jackson

Welcome to Down to Business, a weekly podcast from the Financial Post.

It’s been one year since Canada legalized the recreational cannabis industry after a century of prohibition. But it’s just the beginning of the journey from the black market to “cannabis 3.0.”

In the lead-up to the election, Down to Business has focused on business issues with a political twist. This week, host Emily Jackson discusses the cannabis industry’s one-year legalization anniversary with Bruce Linton, the former chief executive of Canopy Growth, Canada’s largest cannabis company.

Linton discusses lessons from the first round of legalization for recreational use, what to expect from the impending introduction of cannabis infused beverages and edibles, and why Canada needs to focus on “cannabis 3.0” if it wants to be a global leader.

You can listen below — or on Apple Podcasts, Spotify, Stitcher and Google Play, where you can also subscribe to get new episodes every Wednesday morning.

Source: https://business.financialpost.com/cannabis/cannabis-business/down-to-business-podcast-why-cannabis-3-0-is-the-real-opportunity-for-canada

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Posted in North Bud Farms Inc | Comments Off on PODCAST: Why #cannabis 3.0 is the real opportunity for Canada with Bruce Linton – SPONSOR: #NORTHBUD $NBUD.ca $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

MEDIA: Enthusiast Gaming $EGLX.ca is building the world’s most formidable gaming enterprise $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 11:23 AM on Wednesday, October 9th, 2019
  • The gaming ecosystem is approaching a market share comparable to professional sports
  • Enthusiast Gaming has its eyes set on building the largest community of authentic gamers to monetize and leverage their market-leading analytics network
  • EGLX is the most adept enterprise at increasing fan engagement for its influencers and teams through its massive media portfolio

By: Eva Bieniarz

The gaming industry is colossal — there are more than 2.5 billion gamers around the world, and the gaming market is set to grow to US$196 billion by 2022 alone! With a CAGR of nine per cent for the period 2018–2022, this industry has become a legitimate rival to the traditional sports market.

To compare earnings, the global sports market generated US$488.5 billion in 2018, whereas the global gaming industry hauled in US$135 billion. While both segments are projected to see significant growth in the short term, the gap is poised to shrink as gaming solidifies itself at the “heart of the entertainment business,” according to Newzoo.

The gaming industry is also thriving based on its growing and diverse audience base. For instance, 65 per cent of American adults play video games, and the average gamer is only 34 years old.

Transforming the gaming world one acquisition at a time

Within this massive industry, Enthusiast Gaming (TSX.V: EGLX) is building the largest vertically integrated gaming media and esports company in the world.

As a newly listed public company by way of its merger with Luminosity Gaming, J55, and Aquilini GameCo, the company is on track to make this global vision a reality. One of the new conglomerate’s goals will be to build out a central gamer data source from its three divisions (media, events, influencers), to facilitate brands and advertisers.

Regarding the company’s merger and acquisition strategy, Menashe Kestenbaum, president and founder of Enthusiast Gaming, explains, “Enthusiast has an aggressive growth strategy through accretive acquisitions, which allows us to scale the business quickly and effectively.

“Our strategy is to acquire the leading digital communities across the entire gaming ecosystem, which keeps our platform diversified and agnostic. It also provides us with significant competitive advantage against anyone trying to enter the space.”

The company’s largest acquisition to date, The Sims Resource, is the leading female gaming website in the world, generating $7 million in revenue and $5.25 million in EBITDA (2018).

“This acquisition provided us with immediate access to the growing female gaming demographic and 2.5 billion page views a year. The Sims Resource also has a unique subscription model, which generates recurring monthly revenue from over 60,000 subscribers. We see this as an opportunity to adopt a similar model across our network of 85 websites to drive future revenue growth,” Kestenbaum notes.

Enthusiast has an aggressive growth strategy through accretive acquisitions, which allows us to scale the business quickly and effectively. Our strategy is to acquire leading digital communities across the gaming ecosystem, which keeps our platform diversified and agnostic.Menashe Kestenbaum, President, Enthusiast Gaming Holdings Inc.

What Enthusiast’s merger means for esports

Enthusiast’s merger will make the company a leading publicly traded esports and gaming organization, with $22 million in pro forma revenue on the closing of the merger backed by $55 million in financing, with a combined global audience reach of approximately 200 million.

So why is this merger so significant, and why did Enthusiast partner with Aquilini GameCo? How, exactly, will this benefit the company in the long run?

Well, since Enthusiast’s successful monetization strategy and wealth of analytical data covers an abundance of demographics in the broader gaming industry, the company’s knowledge can be combined with Luminosity’s influencers and esports properties to create a unique gaming ecosystem.

Enthusiast’s success in monetizing gaming properties will also allow the company to monetize Luminosity’s championship esports franchise through the same data-centric, ad tech approach to engage partnership and advertising opportunities.

The fact that Enthusiast is merging with Aquilini GameCo gives the company a huge boost to diversify and expand its presence across more than merely sports and entertainment, but potentially food and hospitality, living, and more.

Enthusiast is also party to a long-term services support agreement with Vancouver Arena Limited Partnership (VALP), pursuant to which VALP will provide Enthusiast with a broad range of marketing and business support services, including corporate partnership and selling support, retail support, brand association and marketing support (to be provided by Canucks Sports and Entertainment), and more.

Apart from a company perspective, when taking a holistic look at the esports and gaming industry, it’s clear that sentiment towards gaming is growing. The industry even has tech giants Amazon and Google wanting in on the action.

What’s more, esports is also being compared to professional sports — hockey, baseball, you name it — in terms of garnering millions of fans around the world.

For instance, in 2017, the League of Legends tournament garnered more viewers than the MLB World Series, the NBA Finals and the NHL Stanley Cup Finals! This would have been unheard of a few years ago.

Kestenbaum explains, “The size and scalability of our ecosystems are a significant competitive advantage. Enthusiast’s online presence of 150 million visitors, combined with Luminosity’s rich content creation reaching over 60 million followers, will be invaluable for us moving forward.”

Enthusiast’s merger is expected to provide further significant strategic and financial benefits to the company, including but not limited to expected margin improvement, involving a combination of the net funds from the private placement and cash-on-hand that may be used to repay all or part of the Sims Resource Deferred Payment, as well as an enhanced capital market profile through the closing of the transactions.

Growth drivers propelling the company towards success

Enthusiast is also growing its fan base and subsequently its customer base through seven strategies:

  • Growth in revenue per user goal: Target revenue per user of $0.40
  • Build out a direct sales team: Increase of 10–20x / CPM compared to commoditized programmatic advertising rates. Expand to key financial hubs like Toronto, New York, London, Los Angeles, and San Francisco
  • Subscription model growth: Offer unique content and player access to increase subscriptions. Currently, over 60,000 subscribers generating approximately $2.5 million in recurring revenue
  • Mergers and acquisitions: Grow the size of Enthusiast’s fan base, and better engage with them to increase revenue and profitability
  • Expand the EG Live division: Build on the success in Toronto and bring similar events to New York, Chicago and the Pacific Northwest
  • Franchise value appreciation: Increase the value of the franchise through content creators, influencers, professional esports professionals and championship esports teams
  • Non-endemic opportunities: Sell more non-endemic sponsorships and partnerships through direct sales and programmatic advertising

Apart from the company’s strategic growth model, Enthusiast has five key business segments that enhance the company’s overall expansion plans. They include:

Content: Enthusiast offers news, reviews, videos, live streams, blog posts, tips, chats, message boards, and other video-gaming related content.

Advertising: The company operates an advertising network for brands targeting the gamer demographic, generating over 30 billion advertisement requests per month.

Events: Enthusiast organizes Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX, which attracted over 55,000 attendees in 2018, including a Rising Star Series.

Data and ad tech: The company has built a proprietary ad tech platform around a tech-enabled gamer data platform.

Leading esports franchise: Luminosity Gaming is one of the most popular esports brands, offering a subscription growth model that leverages content and player access to increase subscriptions.

Add in celebrity endorsement from Canadian recording artist Tory Lanez, and the top esports athletes and influencers including YELO, and the company has all the right ingredients to reach success.

A knowledgeable management team leading the way

Enthusiast’s skyrocketing success and popularity is catalyzed by Menashe Kestenbaum, president of Enthusiast, who began his career in video games when he was 13 years old, writing for IGN, a large gaming media site. Kestenbaum launched his first gaming blog, called “Nintendo Enthusiast,” in 2011, which subsequently became the foundation of Enthusiast Gaming today.

Adrian Montgomery, CEO of Enthusiast, has also been instrumental in Luminosity’s new partnership with Enthusiast. As ex-president of Canucks Sports and Entertainment, Montgomery brings decades of knowledge about sports and what it means to be a dedicated fan.

Steve Maida, president of esports at Enthusiast, built the popular esports franchise from the ground up and was responsible for finding talent like “Ninja,” one of the world’s top Fornite players.

With its merger between Aquilini GameCo and Luminosity completed, Enthusiast Gaming is on the right path towards dominating the gaming industry. Through its clear growth objectives, diverse revenue streams, acquisitions, partnerships and more, the company is building a world-class gaming company that cannot be replicated.

Investors should look forward to more company updates as Enthusiast continues to scale and add to its roster.

Source: https://business.financialpost.com/business-trends/enthusiast-gaming-is-building-the-worlds-most-formidable-gaming-enterprise

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Posted in Enthusiast Gaming Holdings Inc. | Comments Off on MEDIA: Enthusiast Gaming $EGLX.ca is building the world’s most formidable gaming enterprise $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Tartisan Nickel Corp $TN.ca Engages Aster Funds Ltd for a Spectral Analysis Survey of the Sill Lake Lead-Silver Project $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 8:36 AM on Wednesday, October 9th, 2019
Tc logo in black
  • Company has engaged Aster Funds Ltd, Toronto, Ontario, to conduct a satellite-based long wave infrared thermal mineral scan and a synthetic aperture radar survey of the Sill Lake Pb-Ag property, Vankoughnet Twp. Ontario.
  • Aster Funds Ltd provides spectral analysis surveys and synthetic aperture radar surveys to exploration companies

TORONTO, ON / October 9, 2019 / Tartisan Nickel Corp. (CSE:TN)(OTCPINK:TTSRF)(FSE:A2D) (“Tartisan”, or the “Company”) is pleased to announce that the Company has engaged Aster Funds Ltd, Toronto, Ontario, to conduct a satellite-based long wave infrared thermal mineral scan and a synthetic aperture radar survey of the Sill Lake Pb-Ag property, Vankoughnet Twp. Ontario.

Aster Funds Ltd provides spectral analysis surveys and synthetic aperture radar surveys to exploration companies principally active in Canada, Latin America, and Australia. The spectral analysis survey provides a property-wide distribution of up to 16 mineral and rock species consistent with the Sill Lake deposit model, while the synthetic aperture radar survey provides a distribution of surface and shallow buried conductors similar to what an airborne electromagnetic survey would generate.

Tartisan Nickel CEO Mr. Mark Appleby said, “we are going to test Sill Lake with the Aster Funds Ltd technology, which should give us some very good insights into the extent of mineralization on the property. This would focus detailed exploration on targets that would deliver shareholder value in a discovery or definition context.”

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE:TN, US-OTC-TTSRF, FSE A2D). Currently, there are 100,403,550 shares outstanding (103,103,550 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisannickel.com or on SEDAR at www.sedar.com.

Jim Steel MBA P.Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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Posted in Tartisan Nickel | Comments Off on Tartisan Nickel Corp $TN.ca Engages Aster Funds Ltd for a Spectral Analysis Survey of the Sill Lake Lead-Silver Project $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

ThreeD Capital Inc. $IDK.ca – Experts Weigh In On The Future of #Bitcoin and #Blockchain $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 4:45 PM on Tuesday, October 8th, 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.

IDK: CSE

Experts Weigh In On The Future of Bitcoin and Blockchain

  • Both Bitcoin and blockchain have not only garnered the interest of investors, speculators, and even businesses, it has also caught the attention and piqued the curiosity of some of the world’s greatest minds and thinkers.
  • In a new report, a panel of experts from the business world and finance industry were asked to supply their views on Bitcoin and what its long-term potential may be.

By: Tony Spilotro

Bitcoin is a revolutionary new technology that has taken the world by storm, and could not only disrupt modern financial systems, but it could also go on to replace all fiat currencies and become the sole digital currency used across the globe.

With so much potential, even experts have joined in on speculating over the king of speculative assets, and have weighed in on their expectations for the first-ever crypto asset.

The Smartest Minds in Tech and Finance on Bitcoin and Blockchain

Bitcoin is a powerful, decentralized digital cash system, that could potentially change the world and redefine money as the world knows it. It also brought with it the emergence of blockchain – a distributed ledger technology with a number of use cases that could revolutionize many industries.

Both Bitcoin and blockchain have not only garnered the interest of investors, speculators, and even businesses, it has also caught the attention and piqued the curiosity of some of the world’s greatest minds and thinkers. 

In a new report, a panel of experts from the business world and finance industry were asked to supply their views on Bitcoin and what its long-term potential may be. As one would expect, the sentiment surrounding Bitcoin is mixed, with some realizing the disruptive potential it wields, while others were quick to dismiss the asset as a vehicle for criminal activities.

Sabrina T. Howell, Assistant Professor, Finance, NYU Stern School of Business & NBER believes that Bitcoin has some serious hurdles to overcome, namely the cryptocurrency’s “7 transactions per second.” Instead, Howell sees the real disruptive value provided by blockchain, and cites how the technology will soon be rolled out to better manage quality control surrounding green, leafy vegetables that are known to carry food-borne illness.

Garrick Hileman, Head of Research at Blockchain and Researcher at the London School of Economics, cited Bitcoin’s recent safe-haven asset narrative, and claims its been a factor in the asset’s “3x price appreciation this year in the wake of US-China trade disputes, challenges to central bank independence, Brexit and other European political turmoil, and the return of financial instability to Argentina and other emerging markets.”

James Grimmelman, Professor of Law, Cornell Tech claims that Bitcoin will continue to be forked again and again, because “humans have never been great at consensus, not even with the help of cryptography.”

Researchers Steven Goldfeder, Ghassan Karame, and Linda Schilling, all believe that Bitcoin will need to beat out stiff competition from other, newer altcoins that alleviate the issues related to Bitcoin as it currently stands.

All experts also commented on how regulation is paramount to Bitcoin becoming widely adopted and saw the technology as something with incredible, currently untapped potential.

Source: https://www.newsbtc.com/2019/10/08/experts-weigh-in-on-the-future-of-bitcoin-and-blockchain/

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Posted in Blockchain stocks, Canadian Blockchain Stocks, Smallcap Blockchain stocks, ThreeD, ThreeD Capital | Comments Off on ThreeD Capital Inc. $IDK.ca – Experts Weigh In On The Future of #Bitcoin and #Blockchain $HIVE.ca $BLOC.ca $CODE.ca

INDUSTRY BULLETIN: Impala #Platinum offers $1B for Toronto-based North American #Palladium $PDL.ca $NAM.ca $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 2:27 PM on Tuesday, October 8th, 2019

SPONSOR: New Age Metals Inc. The company also owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate of 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.

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$1-billion sales agreement announced Monday represents the culmination of a six-year turnaround for Toronto-based miner North American Palladium Inc., its president and CEO says.

On a conference call to discuss the deal to sell the company to South African miner Impala Platinum Holdings Ltd., Jim Gallagher said NAP was in severe financial distress following a poorly executed mine expansion in 2013 when financier Brookfield Capital Partners stepped in with a US$130-million loan.

In 2015, with the company still struggling, Brookfield converted its loan to equity to become the majority owner, on the understanding that it would sell its stake when the turnaround was complete.

“That day has come today. We have a sale of the company in an all-cash deal at near-record palladium prices and, except for a two-day blip in March of this year, at near-record high share prices,” said Gallagher on a conference call to discuss the deal.

“From virtual bankruptcy four years ago, we now have a sale to the tune of $1 billion.”

Impala Platinum, which uses the nickname Implats, has offered to pay $16 per share to Brookfield Business Partners LP, the majority shareholder with 81 per cent of the stock, and $19.74 per share for the remaining stake, resulting in an average price per share of $16.77.

Negotiations with Implats began in July and the companies had unofficially set a price of around $16 per share, Gallagher explained. The higher price for minority shareholders was agreed upon in recognition of the more recent rise in share prices.

North American Palladium has been producing palladium, a lustrous white material valued for its use in pollution-control devices for cars and trucks, for 25 years at its Lac des Iles Mine at Thunder Bay, Ont. It’s also involved in two exploration projects.

“Implats has had an exploration presence in Canada for more than two decades and over the past three years we have developed a strong relationship with and understanding of NAP and its management team and operations,” said CEO Nico Muller in a news release.

“It is Implats’ view that the palladium market will remain in a structural deficit in the medium term, which should lend considerable support to stronger-for-longer pricing.”

Implats said it was attracted to North American Palladium because of its fully mechanized mine, which means low labour costs and leading safety statistics, an estimated mine life of at least 15 years, and its future exploration opportunities. About 700 people work at the mine.

The companies have agreed to a 30-day period during which a termination fee of $24.5 million would be payable to Implats if a higher bid is accepted, with the fee increasing to $37.7 million thereafter. Implats would have the right to match any offer.

Closing of the transaction is expected in the fourth quarter, subject to North American Palladium shareholder approval and other customary conditions.

Source: https://www.bnnbloomberg.ca/impala-platinum-offers-1b-for-toronto-based-north-american-palladium-1.1327825

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Posted in All Recent Posts, New Age Metals | Comments Off on INDUSTRY BULLETIN: Impala #Platinum offers $1B for Toronto-based North American #Palladium $PDL.ca $NAM.ca $WG.ca $XTM.ca $WM.ca

New Age Metals $NAM.ca Reports Size of Prospective #PGM #Copper #Nickel Mineralization Doubled at Genesis PGM-Cu-Ni Project, Alaska $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:13 AM on Tuesday, October 8th, 2019
  • Harry Barr, Chairman & CEO, stated; “We are pleased to announce that this summers exploration efforts have doubled the strike length of prospective mineralization at our road accessible Genesis PGM-Ni-Cu Project in Alaska.

October 8th, 2019 – Rockport, Canada – New Age Metals Inc. (NAM) (TSXV:NAM) (OTC:NMTLF) (FSE:P7J) Harry Barr, Chairman & CEO, stated; “We are pleased to announce that this summers exploration efforts have doubled the strike length of prospective mineralization at our road accessible Genesis PGM-Ni-Cu Project in Alaska. Our Alaskan geological consultant, Avalon Development, has outlined subsequent stages of exploration including reconnaissance level prospecting, geologic mapping and geochemical sampling for all of the newly identified PGM-Cu-Ni targets. Ground-based geophysics and/or closely spaced airborne magnetics and EM surveys should also be conducted to provide better three-dimensional control on mineralization. Following these efforts, prioritization of targets is recommended followed by first-ever scout drilling.”

Genesis Summer 2019 Exploration Program Results

Two independent contractor evaluations were conducted earlier this summer on the Genesis project. These evaluations included imagery processing and interpretation of ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) and associated LANDSAT8 satellite data to help map potential alteration targets to aid district-scale PGM-Cu-Ni sulfide exploration. This effort was conducted by Denver-based Image2Map Services, Inc. The second effort involved reinterpretation of 400m spaced airborne magnetic and resistivity surveys previously flown by the State of Alaska Div. of Geological and Geophysical Surveys and limited ground IP surveys conducted by a previous owner of the Genesis project. This effort was conducted by Denver-based Condor Geophysics.

Previous exploration on the Sheep Hill massif in the central part of the Genesis project revealed stratabound sulfides over an 800 metre strike length, with consistent PGM-Cu-Ni metal grades over multiple meter intervals, including 6 metres grading 804 ppb platinum and 1,018 ppb palladium, and 12 meters grading 5,938 ppm nickel. There has been no drilling on this district-scale project and the strike and depth extent of Ni-Cu-PGE mineralization remains open to expansion. The geophysical signature of the Sheep Hill mineralization is strongly magnetic and moderately conductive. The first-ever application of ASTER and LANDSAT8 imagery over Sheep Hill shows a remarkably consistent correlation between a distinctive strong iron oxide alteration signature and the geological and geophysical trace of the previously discovered PGM-Cu-Ni sulfide mineralization hosted by a dunite-lherzolite unit (Figure 1). ATSER and LANDSAT imagery revealed at least two other sub-parallel alteration zones adjacent to, and east of the known PGM-Cu-Ni mineralization at Sheep Hill. These two zones are separated from each other and the known Sheep Hill zone by talus fields composed of unaltered and unmineralized ultramafic rocks that lie upslope from the PGM-Cu-Ni mineralization. Combining ASTER and LANDSAT8 results with airborne magnetics and resistivity data indicate the total length of the stratabound PGM-Cu-Ni mineralization on Sheep Hill is at least 2,000m and open under alluvial cover in both strike directions.


Click Image To View Full Size

Figure 1: Combined ASTER serpentine alteration thematics and LANDSAT iron oxide alteration thematics, Sheep Hill massif, Genesis project, Alaska. Location of previous geochemical sampling shown in red squares.

At the adjacent Bernard Mt. massif, centered about 7.5 kilometers west of Sheep Hill, ASTER and LANDSAT8 results combined with airborne magnetics and resistivity data indicate a well constrained northeast trending band of conductive and magnetic iron oxide alteration extending for at least 2,250 metres along the south flank of Bernard Mt. (Figure 2). The stratigraphic position, ASTER and LANDSAT8 alteration and airborne magnetic and resistivity signatures are identical to those at Sheep Hill. Unlike Sheep Hill, there has been virtually no prospecting, mapping or geochemical sampling along the prospective target horizon at Bernard Mt.


Click Image To View Full Size

Figure 2: Landsat 8 iron oxide alteration thematics over the Bernard Mt. massif, Genesis project, Alaska. Location of previous geochemical sampling shown in red squares.

Based on previous geological and geochemical data combined with newly generated and/or interpreted ASTER, LANDSAT8, airborne magnetics and airborne resistivity data, a total of 23 exploration targets have been identified on the Genesis project. The most prospective targets include 7 separate zones on Bernard Mt. and an additional 9 zones on Sheep Hill. None of the targets on Bernard Mt. have been explored, even at the reconnaissance level, and only the western edge of one target zone, which return significant PGM-Cu-Ni mineralization, has been mapped and sampled at Sheep Hill. There has been no drilling on any of the targets identified on Sheep Hill or Bernard Mt.

NAM management is actively seeking an option/joint-venture partner for this road accessible PGM and Multiple Element Project using the Prospector Generator business model.

About Genesis

The Genesis project is a PGM-Cu-Ni property located in the northeastern Chugach Mountains, 75 paved road miles north of the all-season port city of Valdez, Alaska. The project is within 3 km of the all-season paved Richardson Highway and a high capacity electric power line. The project is covered by 4,144 hectares of State of Alaska mining claims owned 100% by New Age Metals. Past exploration has revealed the presence of chromite-associated platinum and palladium mineralization and stratabound Ni-Cu-PGE mineralization within magmatic layers of the Tonsina Ultramafic Complex. Pyrrhotite, pentlandite, and chalcopyrite occur in disseminations and net textured segregations associated with platinum and palladium sulfides. There has been limited exploration over the Genesis project and there has been no past exploration drilling on the project. NAM management is actively seeking an option/joint-venture partner for this road accessible PGM and Multiple Element Project using the Prospector Generator business model.

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). Recently the Company announced the results of the first PEA (see News Release – June 27, 2019) completed on the River Valley Project. The PEA has been developed by various independent consultants – P&E Mining Consultants Inc. (P&E) was responsible for the open pit mining, surface infrastructure, tailings facility, and project economics; DRA Americas Inc. (“DRA”) was responsible for all metallurgical test work and processing aspects of the Project; and WSP Canada Inc. (“WSP”) was responsible for the Mineral Resource Estimate. The PEA is a preliminary report, however, it has demonstrated that there are potentially positive economics for a large-scale mining open pit operation, with 14 years of Palladium and Platinum production.

Qualified Person

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Curt Freeman, a consulting geoscientist for New Age Metals. Mr. Freeman is the Qualified Person as defined by National Instrument 43-101 and is the owner of Avalon Development Corp. and Anglo Alaska Gold Corp, which is the vendor of the Genesis PGM Project. Mr. Freeman has reviewed and approved the technical content of this news release.

Stock Option Grant

In addition, the Company announces that it has granted 1,400,000 incentive stock options to directors, officers and consultants of the Company at an exercise price of $0.05 per share for a period of five (5) years from the date of grant in accordance with the Company’s Stock Option Plan. The Stock Options granted will be subject to vesting restrictions, acceptance by the TSX Venture Exchange and will be subject to regulatory hold periods in accordance with applicable Canadian Securities Laws.

On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr, Chairman and CEO

For further information on New Age Metals, please contact Harry Barr at 613-659-2773, or [email protected]

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

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Posted in All Recent Posts | Comments Off on New Age Metals $NAM.ca Reports Size of Prospective #PGM #Copper #Nickel Mineralization Doubled at Genesis PGM-Cu-Ni Project, Alaska $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

CLIENT FEATURE: Tartisan Nickel $TN.ca Kenbridge Property Hosts M&I Resource of 7.14 Million Tonnes of 0.62% Nickel, 0.33% Copper $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 5:40 PM on Monday, October 7th, 2019
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Investment Highlights

  • Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
  • 17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property

Kenbridge Ni Project (ON, Canada)

  • 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.

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Posted in Tartisan Nickel | Comments Off on CLIENT FEATURE: Tartisan Nickel $TN.ca Kenbridge Property Hosts M&I Resource of 7.14 Million Tonnes of 0.62% Nickel, 0.33% Copper $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Tartisan #Nickel $TN.ca – #Batteries Juicing the Nickel Market: #LME Nickel Sulfate Contracts in 2019? $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 3:06 PM on Monday, October 7th, 2019

SPONSOR: Tartisan Nickel (TN:CSE)  Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

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Batteries Juicing the Nickel Market: LME Nickel Sulfate Contracts in 2019?

  • Recently announced LME nickel sulfate contracts under consideration are a strong indication that the nickel sulfate market and upstream nickel sulfide market are facing considerable growth
  • Price of nickel has climbed nearly 60 percent since mid-2015 on an improved nickel demand forecast, mainly from the steel sector

Annual sales of electric vehicles are expected to climb from 1.1 million in 2017 to 30 million by 2030. Each one requiring a battery chock full of base metals, especially lithium, cobalt and nickel sulfate. The price of nickel has climbed nearly 60 percent since mid-2015 on an improved nickel demand forecast, mainly from the steel sector. The surging demand for electric vehicles (EVs) and in turn base metals such as nickel is expected to push those prices up further.

The impressive growth outlook for battery materials has prompted the London Metals Exchange (LME) to consider offering a suite of battery materials futures contracts in 2019 — including lithium, cobalt and nickel sulfate — to better take advantage of the booming EV market. The fact that the LME is exploring the launch of a nickel sulfate premium contract along with two of the other most prominent battery materials bodes well for this market and for the miners who produce the metal, as well as valuation for miners with compliant nickel resources in the ground.

Electric vehicle demand and nickel prices

Nickel’s strength and non-corrosive properties make it the ideal alloying metal in the manufacturing of stainless steel used in a broad range of industries including automotive, construction, household appliances and machinery. This sector accounts for nearly 70 percent of global nickel demand and stainless steel is expected to be a US$133.8 billion market by 2025, according Grand View Research.

Nickel is also an excellent conductor of electricity and the metal has long been a critical component in batteries of small electronic devices. Presently, the increasing electrification of the auto industry represents an emerging growth market for nickel. While much of the fervor around the EV batteries materials market has revolved around lithium and cobalt, the base metal turned energy metal is now the primary metal by weight in the cathode of many of today’s EV battery types including Lithium Nickel Cobalt Aluminum Oxide (NCA); Lithium Nickel Cobalt Manganese Oxide (NMC); and Lithium Manganese Oxide (LMO). For example, the Panasonic lithium-ion batteries Tesla uses in their vehicles reportedly have a cathode composition of 85 percent nickel, 10 percent cobalt and 5 percent aluminum.

“Nickel is an interesting one, and a question we are getting more and more at Benchmark,” Caspar Rawles, Benchmark Mineral Intelligence analyst, told Investing News Network in an email. Near-term nickel demand from the battery sector has been a small percentage of the total market and hasn’t had a significant impact on current pricing. In fact, out of 2.2 million tonnes of total demand in 2017, only 60,000 tonnes came from the battery sector. However, Rawles notes that “as the uptake of electric vehicles intensifies the numbers start to get quite staggering, aided by the move to high nickel low cobalt cathodes (NCM 811 primarily). We see demand exceeding 500,000 tonnes by 2026 and moving to over 1,000,000 by 2029-2030.”

By itself, this volume of demand paints compelling picture for future nickel pricing. But, there are price positive indicators on the supply side as well. “The battery industry can only use class 1 nickel (the most pure form with around 1 million tonnes produced each year, which is deliverable to the LME) means increasing supply will be difficult due to the lack of sulfide deposits globally,” add Rawles.

A tale of two nickels

The level of demand for nickel from the battery industry stands in the shadow of the much larger stainless steel market, however EV batteries may pose a greater supply challenge to the global nickel industry. The majority of the world’s nickel production is in the type preferred by the steel manufacturing industry: ferronickel, also known as nickel pig iron (NPI), which is not suitable for making EV battery cathodes. For that, manufacturers need battery-grade nickel sulfate, a nickel product derived from high-grade nickel sulfide deposits. Only about 10 percent of global nickel production is nickel sulfate. While it is possible to convert NPI to battery-grade nickel, the process is not at all economically viable.

Nickel sulfate supply strained under increased demand

Further complicating the supply picture is the scarcity of nickel sulfide projects either in production or development following the depressed price environment in the first half of this decade, and new discoveries have proven hard to come by.

“The problem for the nickel industry is it’s not a macro issue; it’s not an issue where we’re going to run out of nickel, but the specific nickel that’s required,”  Jon Hykawy, president of Stormcrow Capital, told INN at the 6th International Nickel Conference. “The specific chemistry and the specific purity that’s required for batteries is likely going to put a strain on the supply chain.”

A market in divergence

Supply and demand levels are already beginning to diverge, which is bound to translate to more upward pressure on nickel prices. This imbalance has also been tied to a divergence in prices for NPI and nickel sulfate, leading to the opportunity held in the proposed LME nickel sulfate contracts.

LME nickel sulfate contracts: No longer a niche product

The LME does have an existing nickel futures contract, the price of which remains linked to the NPI market because up until fairly recently, nickel sulfate has remained a niche market. “Electric vehicles are clearly the growth story for our industry,” said LME CEO Matthew Chamberlain, who believes separate LME nickel sulfate contracts will keep prices relevant to both the stainless steel and battery sectors. Along with other battery market metals lithium and cobalt, the nickel sulfate contract would be cash-settled against a third-party price index. “It would mark a change in tack for the LME, which has traditionally focused on commodity-grade refined products,” noted Bloomberg.

Impact on nickel miners and nickel investors

The underinvestment in nickel sulfide projects and the growing demand for battery metals are creating an ideal market environment for nickel sulfide miners. So, what would LME nickel sulfate contracts mean for investors in the nickel mining sector?

“As nickel sulfate is the ideal precursor for key elements of lithium ion battery cathodes, the creation of a future LME nickel sulfate contracts will provide investors with stable futures pricing for all manner of nickel sulfate applications,” Mark Appleby, President and CEO of Tartisan Nickel (CSE:TN) told Investing News Network. “This will allow the nickel sulfide resources held by companies like Tartisan Nickel to be fairly valued as an upstream supplier to principal battery metals applications with the best demand growth potential based on the EV revolution.”

Tartisan owns a nickel sulfide-copper-cobalt property in Ontario, Canada. The Kenbridge property, near Kenora, has a measured and indicated resource of 7.139 million tonnes at 0.62 percent nickel and 0.33 percent copper. The company is looking to advance the project through feasibility.

The surging growth in demand for battery-grade nickel and the divergence between ferronickel and nickel sulfate prices will no doubt have an impact on reshaping the nickel mining industry toward nickel sulfide projects. Even the major global miners are seeing the opportunity. BHP Billiton Ltd., one of the world’s top nickel producers, is switching output at its Nickel West project in Australia from briquettes to sulfate in order to gain more exposure to the EV battery industry.

Looking forward

Nickel has one of the highest-growth demand outlooks in the metals sector, a trend which analysts expect to continue well into the next decade. Both rising prices and a shifting demand landscape are creating a new growth market for investors looking to capitalize on the opportunities presented by the emerging market for battery materials.

Source: https://investingnews.com/innspired/lme-nickel-sulfate-contracts-2019/

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