Posted by AGORACOM
at 9:58 AM on Wednesday, March 3rd, 2021
Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) announces that it has engaged two service rigs and that the completions and testing program has been initiated at Climax-1 and Climax-2. The finalized testing program, which was developed in concert with Sproul Associates Ltd., involves the sequential perforation and gas flow testing of several separate intervals identified during drilling. Finalized results from the testing program will be reported as the information becomes available.
Royal further announces that the Climax-3 helium well has been drilled to its target depth of 2,600 metres. Royal’s completion team is reviewing the log data at Climax-3 to determine the intervals to be production tested. The completion and testing program at Climax-3 will commence once testing is complete on Climax-2.
Andrew Davidson, President and CEO of Royal comments, “We are pleased to have our initial 3 wells at Climax drilled to target depth and we are excited to be production testing these high value targets. We want to thank the team from Savanna 419 for their diligent work in completing this drilling program safely and effectively”.
Mr. Davidson continues “With 2 service rigs operating we anticipate the testing to be completed on all 3 wells over the next few weeks. While any significant developments will be announced as they are received, all results will be evaluated by Sproule for a potential helium resource and production over multiple separate zones within this large structural closure”.
The three Climax wells were drilled into the Precambrian basement, directly below the Deadwood Formation. The Deadwood is a sand and shale sequence that is a known helium production zone in Saskatchewan. These first three wells are targeting different parts of the same large structural trap identified on the central portion of the Climax land block.
Posted by AGORACOM
at 10:02 AM on Monday, March 1st, 2021
WHY ROYAL HELIUM?
Worldwide usable Helium is in short supply as demand is increasing, making it a high-priced commodity
Royal Helium has aims to deliver a minimum of 1 trillion cubic feet (Tcf) of total inert gas into the market
Via exploration and development drilling of Helium resources in southern Saskatchewan.
Highlights:
Strategy of full-cycle inert gas capture, refining and liquefaction
Commenced 3 Well Drill Program at Climax:
Production testing of 70m of potential helium bearing intervals for CLIMAX-1
Production testing of 68m of intervals for CLIMAX-2
Currently drilling CLIMAX-3
Royal Helium will be producing: helium, nitrogen and some CO2
Saskatchewan is one of the only places on earth with current and past production of primary Helium
Helium:
Scarce: Dwindling supply combined with growing demand
Helium prices have been rising due to a shortage of supply
Technical Partners:
Saskatchewan Research Council (“SRC”): Conducting engineering and scoping study for a large-scale industrial gas polygeneration facility located in Saskatchewan with RHC
AXIOM Group: Specialize in Energy Services, Geomatics, Exploration, Environment
SPROULE Associates Ltd: consulting on the completions and testing programs and to prepare an independent evaluation of the prospective helium resource from the first three wells at Climax, in accordance with the classification, definitions and guidelines of NI 51-101.
Helium Uses:
Helium
Helium is a non-substitutable and non-renewable commodity needed in many high-tech and health care industries, with specific applications in rocket engines, semiconductors, electronics, and health care.
As these sectors continue to expand, the demand for helium expands in concert.
High value and increasing Helium price
Large and growing demand Decreasing supply
Non-substitutable
Royal Helium
Strategy of full-cycle inert gas capture, refining and liquefaction
Commenced 3 Well Drill Program at Climax:
Production testing of 70m for CLIMAX-1
Production testing of 68m for CLIMAX-2
Drill rig mobilizing to drill CLIMAX-3
Mobile, membrane separation facilities: First stage of production
2nd Stage: permanent membrane separation facility
3rd Stage: Permanent poly-generation facility that makes products from the CO2 and the N2 gases
3rd or 4th stage: liquefaction facilities allowing full downstream transportation and worldwide export.
Sell products both direct to customer and wholesale to re-sellers
Largest Helium Lease Holders in N. America
4,000 square km of prospective helium lands across southern Saskatchewan
572 sections of land in Saskatchewan
Southern Saskatchewan
Saskatchewan has a history of current and historic primary helium production. It is one of the few places on the planet where helium is produced with nitrogen rather than hydrocarbons. Saskatchewan has the potential to replace supply that is leaving the market
▪High helium concentrations
▪Stable regulatory environment
▪Geopolitically favorable especially associated with production and export of critical commodities
▪Existing infrastructure, information and personnel from a long history of oil and gas exploration and production
CLIMAX & BENGOUGH HELIUM PROJECTS
Royal Helium’s initial focus begins in two areas, Climax and Bengough, identified using a combination of seismic data, well logs and aeromagnetic surveys that narrowed down prospective areas to locate the source rocks for the helium enrichment (where the helium could be trapped and accumulated)
Royal Helium’s goal is to prove-up to 30 structures, targeting between 1.0 to 2.0 Tcf (Trillion cubic feet) of raw inert gas grading at least 1% Helium
Single well costs around CAD$1.5 million with pay back in less than 1 year
Exploration Parcel #1 – CLIMAX
Royal Helium Ltd.’s Climax-1 helium exploration well drilled to target depth of 2,600m
Royal Helium Ltd. has successfully drilled Climax-2 to a total depth of 2,611m
Selected target completion intervals for both the Climax-1 and Climax-2 helium exploration wells. (potential helium-bearing zones)
The Climax-3 drilling nearing target depth
Completion and testing of Climax-1 and Climax-2 involves the sequential perforation and production testing of approximately 70 metres of potential helium-bearing zones at Climax-1 and approximately 68 metres of potential helium-bearing zones at Climax-2, both spanning multiple structural zones.
Consistent with Climax-1, the Climax-2 well was drilled into the Precambrian basement at the base of the Deadwood formation. The Deadwood is a sand and shale sequence that is known to produce helium in Saskatchewan. These first three wells are targeting different parts of the same large structural trap identified on the central portion of the Climax land block.
The seven drill targets at Climax were identified in late 2019 after the company first reprocessed 77.6 km of 2D seismic in conjunction with historic well logs and delineated a basement structure of ~3,094 hectares of four-way structural closure.
Another 17,676 hectares of helium permits (100% crown) located immediately west of its Climax property were then granted in November 2019.
To further define the possible inert gas/helium bearing formations and refine company target wells, a deep, detailed aeromagnetic survey was flown over the Climax central structure in May.
Exploration parcel #2: Bengough
South-Central Saskatchewan with Five Target Wells Comprise roughly 50% of the total land holding
Royal has reprocessed 50.36 square km of 3-D seismic, which was acquired in 2017. The re-interpretation was completed to gain an understanding of regional basement structures and to identify potential drill targets. The 3D seismic shows a large regional feature with multiple closures.
Five (5) of these closures have been identified as initial drill targets and will be subject to further detailed investigation, including an airborne magnetometer survey.
Royal believes that the Bengough basement structure is part of a larger regional basement structural trend extending at least 60 miles north from the US border and passing through three of Royal’s Focus Areas.
Along this trend, historic helium tests have ranged from 0.70% to 0.78% at Minton, 1.39% to 1.41% at Bengough, and 0.48% to 2.45% at Ogema/Ogema North.
Royals southeast Saskatchewan lands, which comprise roughly 50% of the total land holding, show the potential for robust helium occurrences. With the strategy of full-cycle inert gas capture, refining and liquefaction, it is crucial to develop a large number of derisked drill targets throughout the Company’s significant land package.
The initial five targets identified at Bengough is an exciting first step in the southeast, growing the initial target inventory to 12 when combined with the seven targets on the Climax project in southwestern Saskatchewan.
Saskatchewan Research Council
The SRC is Canada’s second-largest research and technology organization. With more than 290 employees, $91-million in annual revenue and nearly 75 years of experience, SRC provides services and products to its 1,500 clients in 27 countries around the world.
Commenced Engineering Study for a Helium Polygeneration Facility in Saskatchewan
The results of this initial engineering and economic study due Dec. 2020
Royal Helium Ltd. has initiated the engineering and scoping study for a large-scale industrial gas polygeneration facility located in Saskatchewan, which will be conducted by the Saskatchewan Research Council
The study is Royal’s first step in determining the economic potential of a large-scale facility for the separation and monetization of the gas streams associated with helium production wells in Saskatchewan.
Royal is reviewing whether there is an opportunity to monetize the complete gas stream. Current economic analysis does not include credits for other potentially commercial gases produced and processed. While the economics of helium production are significant on their own, the impact of the commercialization of other gases could substantially add to net cash flow.
Posted by AGORACOM
at 9:14 AM on Monday, February 22nd, 2021
Initial tests on lithium-ion batteries successful in the recovery of lithium, nickel and cobalt found as a coating on aluminium foil in the core of the batteries.
Leached more than 99% of the cobalt and of the nickel contained in the batteries.
St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE: 85G1) (CNSX:SX.CN) is pleased to disclose that its initial tests conducted on an array of lithium-ion batteries have been successful in confirming that the selective leach, conducted with its proprietary blend of acids, allows for the recovery of the lithium, nickel and cobalt that are found as a coating on aluminium foil in the core of the batteries.
The Company’s metallurgical team was able to leach more than 99% of the cobalt and of the nickel contained in the batteries. Furthermore, the aluminium foil used to hold the different metals in the batteries’ core remains intact and can be recycled.
Company scientists are comfortable that the results obtained on these metals are repeatable and should scale. Initial lithium test results have been in line with expectations and require additional tests at scale prior to disclosure. These additional tests are ongoing, and results are expected sometime in March.
Fig. 1 The metals in solution, to the left the lithium / cobalt circuit, to the right the nickel copper circuit.
For testing, batteries were dismantled at the Company’s contracted pilot plant facility, CIMMS, under the supervision of qualified chemists and metallurgists. Enrico Di Cesare, St-Georges VP Research & Development, established the protocol and supervised the process. The batteries were dismantled manually, and the cores were immersed in St-Georges’ proprietary leach solution for 30 minutes. The Company expects to optimize and reduce this exposure duration with the aim of bringing it closer to the 5 min leach time required by the Nevada clays. Aluminium was taken out of the solution in its solid form and set aside. No test for residues was conducted on the aluminium in the preliminary tests. Metals were then targeted for recuperation in solution. The powders obtained were tested on-site and sent for independent testing by CIMMS
Posted by AGORACOM
at 8:51 AM on Wednesday, February 17th, 2021
Received formal offer to enter into a partnership to complete a feasibility study on a proposed site and plant to start EV battery recycling operations in 2021
Initiative to recover and recycle key materials from EV batteries in an ecologically sound manner
St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) has received a formal offer to enter into a partnership to complete a feasibility study on a proposed site and plant in Baie-Comeau, Québec, where the company could start its EV battery recycling operations in 2021.
The Letter of Intent received on February 16, 2021, from Innovation & Dévelopment Manicouagan underlines the local community’s support for the installing of St-George’s first battery plant. St-Georges has identified a specific site for the recycling battery plant, which is already permitted for similar types of operations. Innovation & Dévelopment Manicouagan proposes defining the parameters of the study to encompass all the financial, strategic, technical, and environmental aspects of the project. The partners expect to initiate work on the study by mid-March. Furthermore, they will assist the company in all of its negotiations and permitting process with the provincial and local governments.
Paul Pelosi Jr., President of St-Georges wholly owned EV battery recycling subsidiary, EVSX Corp, commented: “ Innovation & Dévelopment Manicouagan’s intent to partner with St-Georges to complete this feasibility study, validates our initiative to recover and recycle key materials from EV batteries in an ecologically sound manner. The team at St-Georges has done an outstanding job of pulling everything together expeditiously … we are purposefully setting a fast pace, now and in the future, for the development of our battery recycling technology.”
Posted by AGORACOM
at 9:21 AM on Friday, February 12th, 2021
License and Royalty Agreement for Altair to license St-Georges Metallurgy’s patent-pending extraction methods
Altair exclusive master agent to promote the licensing and deployment of the EV Battery Recycling Technology.
St-Georges Eco-Mining Corp. (CNSX:SX.CN)(OTC:SXOOF) (FSE:85G1) is pleased to announce that St-Georges Eco-Mining Corp., St-Georges Metallurgy Corp., and Altair International Corp. have entered into a License and Royalty Agreement dated February 11, 2021, for Altair to license St-Georges Metallurgy’s patent-pending extraction methods and technology in separation, recovery, and purification of lithium and to act as an agent of St-Georges’ developing technology in battery recycling.
Pursuant to the License and Royalty Agreement, St-Georges Metallurgy Corp. will grant Altair a non-exclusive license to use the Lithium Extraction Technology for any of Altair’s lithium-bearing prospects in the United States. In exchange for the license, Altair has agreed to grant SX a 5% net revenue royalty on all metals and minerals extracted and processed using any of St. Georges methods or technologies. This royalty will apply to all current and future properties in the United States in which Altair has claims.
In addition, SX will provide Altair with full access to the EV Battery Recycling Technology for the purpose of Altair acting as exclusive master agent to promote the licensing and deployment of the EV Battery Recycling Technology. Altair has the right to appoint sub-agents, each of which will enter into an agency agreement with SX and Altair. In exchange for acting as master agent, SX has agreed to grant Altair a 1% trailer fee on any royalty received by SX from the licensing of the EV Battery Recycling Technology to licensees brought by Altair or its sub-agents. SX has also agreed that it will not solicit any third party with which Altair has initiated discussions to license the EV Battery Recycling Technology or act as a sub-agent for a period of three years from the date that such party initially entered discussions with Altair. Pursuant to the License and Royalty Agreement, SX and SXM retain all ownership rights to the EV Battery Technology and the Lithium Extraction Technology, respectively. In addition, SX retains the right to market, promote, license, and sell the EV Battery Recycling Technology to third parties. The License and Royalty Agreement may be terminated by mutual written consent of the parties. This agreement replaces the parties’ previous agreement, and no additional payments or additional share issuance is to be expected.
Posted by AGORACOM
at 4:18 PM on Wednesday, February 10th, 2021
St-Georges Eco-Mining Corp. (CSE:SX)(OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN)is pleased to announce a non-brokered private placement offering of units at a price of $0.50 and “flow-through” units at a price of $0.60 as well for total gross proceeds of up to $10,000,000.
Each Unit is comprised of one (1) common share (each, a “Share”) in the capital of the Corporation and one (1) Share purchase warrant (each, a “Unit Warrant”), entitling the holder to purchase one (1) Share at an exercise price of $0.65 until first 18 months from the issuance and $1.05 for the 18 months thereafter, together 36 months expiry period (the “Unit Warrant Expiry Date”).
Each FT Unit is comprised of one (1) common share in the capital of the Company on a “flow-through” basis (each, a “FTShare”) and one (1) FT Share purchase warrant (each, a “FT Warrant”). Each FT Warrant entitles the holder thereof to purchase one (1) Share at an exercise price of $0.75 until first 18 months from the issue and $1.25 for the 18 months thereafter, together 36 months expiry period (the “FT Warrant Expiry Date”, together with the Unite Warrant Expiry Date, the “Warrant Expiry Date”).
Posted by AGORACOM
at 8:43 AM on Tuesday, January 26th, 2021
The two companies to jointly develop a patentable industrial scale process for Electric Vehicle Lithium-ion battery (LIB) recycling.
Altair International Corp. (the “Company” or “Altair”) (OTC: ATAO) is pleased to provide an update on its previously announced partnership with St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) (“St-Georges”) a Canadian public company engaged in the development of new Lithium extraction technologies.
On December 1, 2020 the two companies entered into a Binding agreement that would allow Altair access to St-Georges’ patent-pending Lithium processing technology for Altair’s Nevada based Stonewall project and most importantly bring together the two companies to jointly develop a patentable industrial scale process for Electric Vehicle Lithium-ion battery (LIB) recycling.
As the global Electric Vehicle (EV) market heats up over the coming decade, the demand for battery metals is expected to outpace current production. Even with increased energy density and charge cycles, Lithium based batteries for EVs, laptops, phones and other mobile devices will create cumulative waste challenges both in the environmental footprint of production and end-of-life LIB disposal.
Altair and St-Georges recognize that new optimized recycling technologies will offer valuable solutions to both a waste-management and battery metal supply. Selective, economic and responsible metal extraction of spent LIBs will be an integral part of the multi-billion dollar green economy and play a crucial part in the future of EV dominance of the automotive sector.
Posted by AGORACOM
at 10:45 AM on Wednesday, January 13th, 2021
Drilling is underway on its wholly owned East Barry property at Windfall Lake, Québec.
Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) is pleased to announce that further to the news release of January 8, 2021, drilling is underway on its wholly owned East Barry property at Windfall Lake, Québec.
The purpose of the East Barry Property drilling is to test high priority exploration targets coincident with elevated till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend. The drilling commenced on schedule on the East Barry Property and has reached approximately 300m depth on the first hole so far.
Marcy Kiesman, CEO of Durango, stated, “The drill team from Faubert & Fils Inc. are off to a great start on the East Barry Property and are drilling faster than scheduled. We are excited to finally be testing the large target anomaly on the East Barry Property and searching for the source of the gold grains in till to create value for Durango’s shareholders.”
Posted by AGORACOM
at 9:59 AM on Friday, January 8th, 2021
Durango has received drill permits for the East Barry claim block to test high priority targets
Drilling is scheduled to begin on January 11th with two exploration holes on the East Barry Property budgeted for depths of approximately 750m each.
Durango Resources Inc.(TSXV-DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) is pleased to announce that further to the news release of December 18, 2020, the drill and team from Faubert & Fils Inc. has arrived on site on its wholly owned East Barry property at Windfall Lake, Québec.
East Barry Property
Further to the news release of November 19, 2020, Durango has received drill permits for the East Barry claim block to test high priority targets coincident with high till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend. Now that weather conditions are favourable for access, a winter road has recently been built and a drill is on site at the East Barry Property. The drilling is scheduled to begin on January 11th with two exploration holes on the East Barry Property budgeted for depths of approximately 750m each.
Trove Property
To date, 2,100m has been drilled over nine holes on the Trove Property at an average depth of 233m. Drilling on the Trove Property stopped before Christmas and Durango’s exploration crew has not been back to Windfall Lake yet in 2021 due to the Québec government Covid-19 restrictions. The Association de l’exploration Miniere du Québec (“AEMQ”) announced on January 6, 2021 that the government has made the decision to maintain mining activities, allowing exploration to continue in Québec.