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Uragold Technical Partner Pyrogenesis Announces Purevap(tm) Process Breakthrough $UBR

Posted by AGORACOM-JC at 10:14 AM on Tuesday, April 19th, 2016

Uragold_new

  • Early test results of PUREVAPTM process has demonstrated that it can transform high purity quartz into silicon metal
  • Bernard Tourillon, Chairman and CEO of Uragold stated Today’s press release from PyroGenesis is another significant step in the dynamic testing process that commenced on March 29. To say that we are extremely happy with this breakthrough so early in the program is an understatement.
  • The dynamic test protocols, which called for a first series of metallurgical tests to be completed at different operational settings, are still ongoing. Having validated that the process works, the program continues to its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.

Montreal, Quebec, Canada / April 19 2016 – Uragold (TSX Venture: UBR) is pleased to report that PyroGenesis Canada Inc. (“PyroGenesis”), a clean-Tech company that designs, develops, manufactures and commercializes plasma waste-to-energy systems, plasma torch products and the PUREVAP(TM) Quartz Vaporization Reactor (“PUREVAPTM“), from whom Uragold has been granted the worldwide exclusive rights for the One Step Production of Solar Grade Purity Silicon Metal from Quartz, announced today that early test results of their PUREVAPTM process has demonstrated that it can transform high purity quartz into silicon metal.

In their press release, Pierre Carabin, Director of Engineering of PyroGenesis statedWe are very pleased by these early results,” and then further stated Our ability to demonstrate that our process can produce metal at such an early stage is encouraging and is the first step towards the Company’s objective to produce a silicon product of solar grade purity.”

As previously noted, PUREVAPTM is a proprietary process that uses a plasma arc within a vacuum furnace to produce high purity, metallurgical grade silicon (MG-Si), solar grade silicon (UMG Si) and polysilicon from quartz in just one step.

Bernard Tourillon, Chairman and CEO of Uragold stated “Today’s press release from PyroGenesis is another significant step in the dynamic testing process that commenced on March 29. To say that we are extremely happy with this breakthrough so early in the program is an understatement. We are especially encouraged about the following statement made by PyroGenesis CEO, P. Peter Pascali in his press release – ‘We look forward to the final results of our testing program and advancing to the pilot stage with Uragold.’

NEXT STEPS

The dynamic test protocols, which called for a first series of metallurgical tests to be completed at different operational settings, are still ongoing. Having validated that the process works, the program continues to its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.

The High Purity Silicon Metal produced by the reactor during this second stage will be sent to an independent laboratory for ICP – MS “Mass Spectrometry” analysis for final validation.

Today’s news from PyroGenesis is in step with previously disclosed theoretical modeling of the process, that indicate that transforming Uragold Raw Quartz into High Purity Silicon metals for solar application is within reach.

About Uragold

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

High Value Specialty Materials

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.

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

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

The Science Behind PyroGenesis PUREVAP(TM) QVR Process Is Solid:

  • -Plasma arc based process can and has transformed High Purity Quartz into Mg Si.-Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.

    -Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

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

A Green And Clean Company

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

High Purity Quartz Properties

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

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

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

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

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

For further information contact

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

www.uragold.com

Or

Carl Desjardins, Paradox Public Relations Inc., Tel (514) 341-0408

Uragold Carbon Footprint From Impending Solar Grade Silicon Metal Process Estimated 75% Lower Than Conventional Siemens Process

Posted by AGORACOM-JC at 4:11 PM on Tuesday, March 15th, 2016

Uragold_new

GREENHOUSE GAS EMISSIONS LOWERED BY 75%

  • Announced the results of a carbon footprint analysis evaluating the environmental impact of its PUREVAP(TM) QVR process versus the conventional Siemens1 process to make polycrystalline solar-grade (Sg) Silicon Metal
  • The analysis2 shows that the PUREVAP(TM) QVR process would generate 14.1 kg CO2 eq/Kg SG Si, while the Siemens process normally generates 54.0 kg CO2 eq/Kg SG Si of emissions. This represents 3.8 times, or 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

Montreal, Quebec, Canada / March 15, 2016 – Uragold (TSX Venture: UBR) is pleased to announce the results of a carbon footprint analysis evaluating the environmental impact of its PUREVAP(TM) QVR process versus the conventional Siemens1 process to make polycrystalline solar-grade (Sg) Silicon Metal.

The study was conducted by PyroGenesis Canada Inc. (“PCI”), a clean-Tech company that designs, develops, manufacture and commercializes plasma waste-to-energy systems, plasma torch products and the PUREVAP(TM) Quartz Vaporization Reactor (QVR).

GREENHOUSE GAS EMISSIONS LOWERED BY 75% – SIGNIFICANT ADVANTAGES

The analysis2 shows that the PUREVAP(TM) QVR process would generate 14.1 kg CO2 eq/Kg SG Si, while the Siemens process normally generates 54.0 kg CO2 eq/Kg SG Si of emissions. This represents 3.8 times, or 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step. (See Figure 1)


Click Image To View Full Size

Figure 1 Carbon footprint comparison (1: PCI process, 2: Siemens process)

Bernard Tourillon, Chairman and CEO of Uragold Stated: “Reducing the carbon footprint of manufacturing Sg Si by 75% opens up Uragold to Green and Cleantech investment funds. Furthermore, eliminating approximately 40,000 Ton of CO2 eq/per Ton SG Si produced could represent an opportunity for Uragold to benefit from carbon tax credits and incentive funding for green technologies.”

Tourillon further stated: “In addition to the Carbon footprint reduction, Uragold is going to replace the traditional toxic process with a one step direct transformation of Quartz into Sg Si using the PyroGenesis PUREVAP(TM) QVR process, thereby providing a green manufacturing process for the Solar industry. This is important because – In addition to be energy heavy process – it is a well-kept secret that the traditional manufacturing process to make Sg Si is not a very environmentally friendly process. Specifically, three to four tons of silicon tetrachloride (a very toxic compound) is generated for every ton of polysilicon produced.

Study Methodology

The environmental advantages of the PUREVAP(TM) QVR are demonstrated by comparing its theoretical carbon footprint with the baseline process.

Key Hypothesis

Table 1 Explanation of carbon footprint study boundaries

Description Reference – PyroGenesis Reference – Baseline case
Procurement Operations for extracting the quartz and the reducing agents. Analysis in FerroQuebec’s report on carbon footprint of metal silicon [5]. Analysis in FerroQuebec’s report on carbon footprint of metal silicon [5].
Quartz reduction Reduction of quartz to metallurgical-grade silicon. From theoretical mass balance. Analysis in FerroQuebec’s report on carbon footprint of metal silicon.
Electricity Electricity required for production. From theoretical heat balance and estimated furnace power. Electricity generation profile from Ecoinvent 2.2. B.S. Xakalashe and M. Tangstad. Silicon processing: from quartz to crystalline silicon solar cells [1].
Purification Refining from metallurgical-grade to solar-grade silicon. None, since it’s a one-step process. R. Glockner. M. de Wild-Scholten. Energy payback time and carbon footprint of Elkem Solar silicon [2].

Carbon footprint Calculations are summarized in Table 2

Table 2 Carbon footprint study results

PCI PUREVAPTM process Baseline process Unit
Procurement 10.6 10.6 kg CO2 eq/kg SG Si
Quartz reduction 3.54 3.68 kg CO2 eq/kg SG Si
Electricity 0.00080 0.00078 kg CO2 eq/kg SG Si
Purification 39.8 kg CO2 eq/kg SG Si
Total 14.1 54.0 kg CO2 eq/kg SG Si

The data and results are taken from several reference articles that had done the research and calculations.

References:

  1. 1.B.S. Xakalashe. M. Tangstad. Silicon processing: from quartz to crystalline silicon solar cells. Southern African Pyrometallurgy 2011, Edited by R.T. Jones & P. den Hoed, Southern African Institute of Mining and Metallurgy, Johannesburg, 6-9 March 2011.
  2. 2.R. Glockner. M. de Wild-Scholten. Energy payback time and carbon footprint of Elkem Solar silicon. 27th European Photovoltaic Solar Energy Conference and Exhibition.
  3. 3.Rapport d’empreinte carbone du silicium metal. FerroQuebec, Usine de Port-Cartier, 25 mars 2015. http://www.bape.gouv.qc.ca/sections/mandats/usine_silicium_port-cartier/documents/PR8.1.pdf
  4. 4.Carbon emissions for hydropower : http://hydroquebec.com/sustainable-development/pdf/energy-supplies-and-air-emissions-2014.pdf
  5. 5.Carbon emissions for natural gas combustion (CHP): https://www.eia.gov/environment/emissions/co2_vol_mass.cfm
  6. 6.http://www.hydroquebec.com/generation/

About Uragold

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

The PUREVAP(TM) QVR process’s big advantage is its one step direct transformation of Quartz into High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The science behind PyroGenesis PUREVAP(TM) QVR process is solid:

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

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

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

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

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

For further information contact

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

The conventional process considers the procurement (the extraction of quartz and reducing agents), the quartz reduction in an atmospheric electric furnace followed by the chemical purification and deposition using a Siemens process deposition reactor.

2 The analysis considered the target production rate of 2,000 ton/year of SG Si as the basis for material and energy balance calculations.

Uragold Plans To Issue Dividend To Shareholders Via Spin Out Of Gold Projects. Exploration Program Majority Funded By Government Grants Set To Begin At Beauce

Posted by AGORACOM-JC at 8:39 AM on Friday, March 11th, 2016

Uragold_new

  • Announced the start of an exploration program focused on the detection of deep sulphide mineralization targets on the Company’s Beauce Gold project
  • Approximately 80% of which is funded through governmental grants, will bring together an international world-renowned multi-disciplinary geophysical team
  • Bernard Tourillon, Chairman and CEO of Uragold stated, “Our decision to participate in this government funded exploration program at this time represents the official start of the Company’s plan to spin out its’ gold assets into a separate publicly traded company…”

Montreal, Quebec, Canada /March 11 2016 – Uragold (TSX Venture: UBR) is pleased to announce the start of an exploration program focused on the detection of deep sulphide mineralization targets on the Company’s Beauce Gold project located in the Beauce region of Southern Quebec. The research program, approximately 80% of which is funded through governmental grants, will bring together an international world-renowned multi-disciplinary geophysical team oriented on studying and identifying the location of potentials hard rock sources of the Beauce Gold property.

GOLD PROJECTS TO BE SPUN OUT TO UNLOCK VALUE

Bernard Tourillon, Chairman and CEO of Uragold stated, “Our decision to participate in this government funded exploration program at this time represents the official start of the Company’s plan to spin out its’ gold assets into a separate publicly traded company, first contemplated in our press release of December 1, 2015. We believe the spin out will serve to unlock the true value of our gold assets for our shareholders, all of whom will receive shares in the new company, while allowing each company to focus on their respective core competencies. Details of the spin out, subject to shareholder and regulatory approval, will be provided in due course.”

BEAUCE GOLD PROPERTY-SEARCHING THE SOURCE OF THE LARGEST PLACER GOLD DEPOSIT IN EASTERN NORTH AMERICA

The Beauce Gold project area hosts a six (6) km long unconsolidated gold bearing sedimentary unit (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. Uragold exploration work to date identified delicate gold in saprolite, indicating a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries. (Please refer to Uragold National Instrument 43-101 report dated January 8, 2015).

Patrick Levasseur, President and COO of Uragold stated, “For the past 150 years, every 50 years has seen the occurrence of major placer gold mining operation on the property. Regardless of this, there have been few attempts made to identify the bedrock source of this prolific historical placer gold deposit.” Mr. Levasseur further stated: “Having such a team of world renowned professionals working on our project and using the latest in geophysical technology for gold exploration on our Beauce Gold property is outstanding.”

WORLD RENOWNED GEOPHYSICAL TEAM

The multi-disciplinary geophysical team is composed of members from:

  • -INRS-ETE,(Eau Terre et Environnement) ;-UQAT (Universite du Quebec en Abitibi-Temiscamingue);-The Geological Survey of Canada (GSC);

    -MERN (Energie et Resources Naturelles du Quebec) ;

    -Paris VI – Sorbonne (Universite Pierre et Marie Curie) and

    -Zonge International from Tucson Arizona (Zonge.com)

The multi-disciplinary geophysical will take magnetic and gravimetric measurements along different sections, perpendicular to the geology of the St-Simon-les-Mines gold placer area. Subsequently, they will complete an electromagnetic survey, from 0 to 2,000 m, to document the geoelectric characteristics of Bellechasse gold belt in St-Simon-les-Mines.

The Beauce Gold project has been the subject of exploration by UBR and INRS. The INRS electrical resistivity and IP survey demonstrated the presence of strong chargeability anomalies in the bedrock located below the gold placer quaternary units (News release 2013-05-23, Uragold’s Beauce survey indicates vertical anomaly).

The geophysical and petrophysical study is majority funded through a grant from the FQRNT-Mines (Fonds de recherche du Quebec – Nature et technologies) (FRQNT) with a contribution from Uragold.

Marc Richer-Lafleche PhD, P. Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this press release.

About The Beauce Gold project

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

About Uragold

Uragold is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

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

The PUREVAP(TM) QVR process’s big advantage is its one step direct transformation of Quartz into High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

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

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

For further information contact

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

Taiwanese Venture Capital Group converts escrowed deposits to equity

Posted by AGORACOM-JC at 3:56 PM on Monday, February 29th, 2016

Uragold_new

  • Taiwanese Venture Capital Group notified Uragold of its intention to convert its CAD $250,000 escrow cash installment into shares of Uragold, effective immediately and prior to commencement of the recently announced testing and validation of the PUREVAP(TM) QVR process

Montreal, Quebec / February 29, 2016 – Uragold (TSX Venture: UBR) would like to inform its shareholders that the Taiwanese Venture Capital Group (“Investors”) through Stone River Capital LLC (see Press Release December 1, 2015) has notified the company of its intention to convert its CAD $250,000 escrow cash installment into shares of Uragold, effective immediately and prior to commencement of the recently announced testing and validation of the PUREVAP(TM) QVR process.

Private Placement

As a result of this, Uragold is pleased to announce that it has closed a non-brokered private placement consisting of the issuance and sale of an aggregate amount of 4,375,000 units (“Unit”) at $0.08 per Unit for gross proceeds of $350,000. The net proceeds from the Private Placement will be used for general corporate expenditures and exploration activities.

The funding provide Uragold with resources to market our worldwide exclusive technology grant from PyroGenesis Canada Inc. (PYR: TSX-V) to convert our highly coveted High Purity Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry (See Press Release September 30, 2015).

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.12 during a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals.

Bernard Tourillon, Chairman and CEO Of Uragold Stated “The Investors’ decision to request the immediate conversion of the funds held in escrow for shares of Uragold is a positive affirmation of the PUREVAP(TM) Quartz Vaporization Reactor (“PUREVAP(TM) QVR”) potential in Asia. As I stated in our September 30th release, this technology represents a potential quantum leap forward for the solar panel industry becoming a more competitive source of renewable energy. The funding with our Taiwanese partners provides further third party validation of that statement.

About Uragold

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

The PUREVAP(TM) QVR process’s big advantage is its one step direct transformation of Quartz High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The science behind PyroGenesis PUREVAP(TM) QVR process is solid:

-Plasma arc based process can and has transformed High Purity Quartz into Mg Si.

-Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.

-Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

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

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 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 the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S un der the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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

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

For further information contact

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

TRADING ALERT – Uragold (UBR: TSX-V) Up 25% on 829K Shares, Watch Recent Interview with Company CEO

Posted by AGORACOM-JC at 2:26 PM on Monday, February 22nd, 2016

TRADING ALERT!!!

Last: $0.075 Up: $0.015

Percent: 25% Volume: 829K Shares

Hub On AGORACOM / Corporate Profile

—————————

MUST WATCH INTERVIEW

  • Uragold In The Process Of Converting Its High Purity Quartz Into Solar Grade Silicon Metal
  • $5,000,000 Funding + 20 Year Offtake Agreement Signed For Asia
  • Exclusive Global License From US Navy Technology Vendor
  • “We’ll Be Able To Build A Mercedes For The Cost Of A Lada”
  • $12,000,000,000 Target Market

“There is no other way to say it: this technology could represent a potential quantum leap forward for the solar panel industry becoming a more competitive source of renewable energy.”

Bernard Tourillon, Chairman and CEO

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INTERVIEW: Uragold Discusses Testing Of Process to Convert High Purity Quartz to Solar Grade Silicon Metal, a $12B Industry

Posted by AGORACOM-JC at 5:23 PM on Thursday, February 18th, 2016

  • Largest holder of High Purity Quartz properties in Quebec
  • Despite the abundance of quartz, very few deposits are suitable for high purity applications
  • High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast
  • Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that material is highly suited for their silicon metal production

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INTERVIEW: Uragold Goes Beyond The Press Release to Discuss $5 Million Funding Commitment

Posted by AGORACOM-JC at 2:24 AM on Friday, December 4th, 2015

  • $ 5 Million1 funding commitment
  • Signed a Letter of Intent with an arm’s length Taiwanese venture capital group for funds to be disbursed over the next two years, as well as, an Off-Take Agreement over the next twenty years
  • Commitment will provide Uragold with the resources necessary to capitalize on the worldwide exclusive technology grant  to convert highly coveted High Purity Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry

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Uragold Completes Fieldwork Phase Of Program To Validate Historical Estimate Of Roncevaux High Purity Quartz Vein Deposits

Posted by AGORACOM-JC at 9:49 AM on Tuesday, November 24th, 2015

  • Announced that the INRS (Eau Terre Environnement) team has completed the fieldwork phase of its ongoing exploration program on the Roncevaux High Purity Quartz vein property located in the Matapedia Valley in the Gaspe region of Quebec
  • Uragold is the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims.

Montreal, Quebec / November 24 2015 – Uragold (TSX Venture: UBR) is pleased to announce that the INRS (Eau Terre Environnement) team has completed the fieldwork phase of its ongoing exploration program on the Roncevaux High Purity Quartz vein property located in the Matapedia Valley in the Gaspe region of Quebec. Uragold is the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims.

INDUSTRY COVETS RONCEVAUX HIGH PURITY QUARTZ

The material’s unique characteristics make it highly coveted within the industry, as confirmed by the following:

March 2, 2015 – A major Silicon Metal Producer (1st Producer) expressed interest in purchasing 20,000 – 50,000 tons of High Purity Lump Quartz from Roncevaux. The 1st Producer confirmed material from Roncevaux successfully passed rigorous internal testing protocols, deeming our material highly suited for their Silicon Metal production plant.

August 27, 2015 – A second major Silicon Metal Producer, for the purpose of securing material for their plant, requested High Purity Quartz samples from Roncevaux for evaluation.

TRANSFORMING RONCEVAUX QUARTZ INTO HIGH VALUE END PRODUCT

In addition to the above, Uragold is also evaluating the possibility of becoming a fully integrated vertical producer of High Purity Solar Grade Silicon Metal / Value End Products:

September 30, 2015 – Uragold announced a partnership with Pyrogenesis Canada, in which PyroGenesis granted Uragold a worldwide exclusive right to the usage of the PUREVAP (TM) Quartz Vaporization Reactor technology. The purpose of the partnership is to transform our High Purity Quartz into High Purity Solar Grade Silicon Metal / Value End Products such as:

  • -Solar Grade Silicon Metal (“UMG Si”) 6N to 8N purity Si which presently sells for $USD 12.51 per Kg ($USD 12,510 per Metric ton)1;-Polysilicon or 9N Si which presently sells for $USD 14.10 per Kg ($USD 14,100 per Metric ton)2

Successful testing of this process and transformation of our High Purity Quartz into High Purity Solar Grade Silicon Metal, is expected to be completed in Q1 2016, and will put Uragold in a position to turn its Quartz Projects into the Highest Purity, Lowest Cost Supplier to the Solar Industry.

Bernard Tourillon, Chairman and CEO of Uragold stated: “The science behind the PUREVAP (TM) Quartz Vaporization Reactor is strong: A Plasma arc based process can transform High Purity Quartz into Metallurgical Grade Silicon Metal (“Mg Si”). The Plasma arc based process can then be used to purify Mg Si into higher value materials such as Solar Grade Silicon Metal. Furthermore, refining Mg Si using an electron-beam furnace in a high vacuum processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon. What is unique and ground breaking about the PyroGenesis approach is the combination of these three proven processes into one step”

FIELDWORK COMPLETED BY INRS DURING THE FIRST EXPLORATION PHASE

  • -Twelve (12) lines of forest were cut and cleared for geological mapping and for geophysics work that included:
    • -High-resolution magnetometric survey (total field and gradient) (GSM-19)-Frequency-domain electromagnetic survey (Iris Promis-10)-Four electrical resistivity tomographic sections (ABEM Terrameter LS)

    -New trenches were excavated and old trenches were cleaned to allow channel sampling of the quartz vein and the collection of 200 Kg samples for:

    • -High precision geochemical evaluation to be done by the INRS; and-2nd Producer evaluation and Dorfner Anzaplan test regarding the development of property specific beneficiation processes for the production of ultra high purity quartz sands (99.99+% SiO2) (April 13, 2015 press release).

Results of the geophysics and geochemical work will allow the planning of a drilling program to confirm SiO2 purity at depth and to validate the historical estimates of 414,700 tons of High Purity Quartz contained in the V1 vein structure (grading @ 99.20% of SiO2) (GM60610: Barrette, Jean-Paul. 2003. Rapport des travaux d’exploration miniere sur la veine de quartz pur. Projet Silice Roncevaux, Canton Roncevaux, Gaspesie)

Patrick Levasseur, President and COO of Uragold stated, “This work is advancing our understanding of the Roncevaux quartz deposit. When combining our technology partnership with PyroGenesis Inc. and our properties portfolio, Uragold is well positioned to become a Green Tech industry leader in the quartz value added business.”

All information such as resource estimates and grades herein presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

The work was complete by a team supervised by Dr. Marc Richer-LaFleche, Ph.D. (Geo) the Institut National de la Recherche Scientifique (INRS, Eau Terre Environnement). Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #308 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

About Uragold

Uragold, with its worldwide exclusive usage of the PUREVAP (TM) quartz vaporization reactor, is endeavouring to become a vertically integrated Silicon Metal, Solar Grade Silicon Metal and Polysilicon producer.

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

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

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

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

For further information contact

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

AGORACOM CLIENT FEATURE: (UBR:TSX-V) – Exclusive Global Partnership Puts Uragold in Position to Turn Quartz Projects into Lowest Cost Supplier To Solar Industry

Posted by AGORACOM-JC at 10:11 AM on Thursday, October 8th, 2015

EXCLUSIVE GLOBAL PARTNERSHIP PUTS URAGOLD IN POSITION TO TURN QUARTZ PROJECTS INTO LOWEST COST SUPPLIER TO SOLAR INDUSTRY

  • Patent Filed
  • Worldwide Exclusive Rights Granted
  • Pilot Plant Already Funded
  • Technology Partner Takes First Royalty Payment In Stock
  • In Position To Become Vertically Integrated Producer Of Solar Grade Silicon Metal & Major Participant In Global Solar Industry

There is no other way to say it. This technology represents a potential quantum leap forward for the solar panel industry.” (URAGOLD CEO QUOTE)

Why Uragold?

  • High Purity Silica (HPS) and Silicon Metal are key strategic minerals
  • Applications in high-tech industries that include semiconductors, LCD displays, solar silicon applications and recently, Silicon Anode Lithium Batteries
  • Major silicon metal producer has confirmed interest in purchasing a significant tonnage of High Purity Quartz
  • (MOU) between its 100% owned subsidiary Quebec Quartz and Dorfner Anzaplan (Anzaplan) regarding the development of property specific beneficiation processes for the production of ultra high purity quartz sands (99.99+% SiO2).

What are High Purity Quartz and Silicon Metal?

High Purity Quartz

  • High Purity Quartz (HPQ) has a purity level in excess of 99.997% and is extremely rare.
  • High purity quartz deposits with low impurities are rare, world supplies are tightening and HPS prices are rising [Source ].

  • Demand for HPQ is growing with the high tech industry and the price for premium HPQ can vary between US$ 8,000 to US$ 25,000 or more per ton depending on the specifications needed for the final application [Source ].

Metallurgical Silicon Metal

  • Metallurgical Silicon Metal has a purity of 98.5% or higher and is used as an alloying agent in the aluminum industry due to its ability to increase the strength of aluminum [Source].

  • Adding Silicon Metal to aluminum alloys makes them strong and light [Source].

  • As a result they are increasingly used in the automotive industry to replace heavier cast iron components [Source].

  • Allows weight reductions and a reduction in fuel consumption [Source].

  • Demand for aluminium has increased 5% CAGR over the past 20 years [Source].

  • It has also been reported that the solar industry will have it’s first global panel shortage since 2006 [Source].

  • It has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

  • Silicon Metal with 98.50% SiO2 purity sells for about US$ 3,200 per ton (or US$ 1.45 US a pound) [Source].

Martinville, Malvina and the Montpetit Quarry Silica Properties

Quebec Quartz, has successfully finish the sampling programs over the historical quartz and quartzite showings on the Montpetit Quarry, and the Martinville and Malvina Silica properties. A map of the properties can be viewed here: http://www.uragold.com/Quebec-Quartz.php.

The Montpetit Property is located in the Monteregie Region of Quebec, some 40 km south of Montreal and 7 km south of Saint-Clotilde-de-Chateauguay. The Quebec-New-York border is 10 km from the property. The property is located on NTS map sheets 31H/04 (1:50,000 scale). Farms fields and forest, owned by private landowners, mostly cover the region.

A review of the historical work indicates that the quarry operated for one (1) year and that the deposit is composed of consolidated beach sand that was highly purified by segregation, sorting and leaching. Through natural Diagenesis, overtime the sand was transformed into a quartzite.

Acquired, through map staking, two silica claims directly adjacent to Sitec Silicium Quebec quartz mine located in the Charlevoix region of Quebec

Sitec Silicium Quebec quartz mine supplies silica for Sitec silicon metal foundry in Becancour and for the Elkem Metal Canada ferrosilicium foundry in Chicoutimi Quebec.

Quebec Quart, Uragold’s wholly owned subsidiary, intends to explore the claims for quartzite extensions to the north of the Silicium Quebec Mine. The Galette sector of the Charlevoix region is knows to hold high purity quartzites. The regional geology is comprised of a paragenesis and pink garnetiferous granite with units of discernable quartzites within the paragenesis.

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INTERVIEW: Partnership with Pyrogenesis puts Uragold in Position to Turn Quartz Projects into Highest Purity, Lowest Cost Supplier to Solar Industry

Posted by AGORACOM-JC at 10:37 AM on Wednesday, September 30th, 2015

  • Patent Filed
  • Worldwide Exclusive Rights Granted
  • Pilot Plant Already Funded
  • Technology Partner Takes First Royalty Payment In Stock
  • In Position To Become Vertically Integrated Producer Of Solar Grade Silicon Metal & Major Participant In Global Solar Industry

There is no other way to say it. This technology represents a potential quantum leap forward for the solar panel industry.” (URAGOLD CEO QUOTE)

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