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Solar Boom Driving First Global Panel Shortage Since 2006

Posted by AGORACOM-JC at 11:32 AM on Tuesday, August 19th, 2014
By Ehren Goossens Aug 19, 2014 10:26 AM ET

The solar industry is facing a looming shortage of photovoltaic panels, reversing a two-year slump triggered by a global glut.

The oversupply pushed prices through the floor, making solar power more competitive and driving up demand. It also dragged dozens of manufacturers into bankruptcy, and slowed capital investment at the survivors. With installations expected to swell as much as 29 percent this year, executives are bracing for the first shortfall since 2006.

Scarcity will benefit the biggest manufacturers, including China’s Yingli Green Energy Holdings Co. (YGE) and Trina Solar Ltd. (TSL) A shortage may slow development outside the top markets in Asia and North America if suppliers favor their largest customers. Shipments to large, utility-scale solar farms may get priority over smaller, rooftop systems, threatening one of the industry’s fastest-growing markets.

“The cell and module glut has certainly dried up,” said Stefan de Haan, a solar analyst at IHS Inc. “There is no massive overcapacity anymore.”

The looming shortage shows the rapid expansion of solar energy. The industry may install as much as 52 gigawatts this year and 61 gigawatts in 2015. That’s up from 40 gigawatts in 2013, and more than seven times what developers demanded five years ago, according to Bloomberg New Energy Finance.

Photographer: Qilai Shen/Bloomberg

Workers operate on the assembly line that makes photovoltaic cells, the main energy… Read More

The industry has about 70 gigawatts of production capacity, New Energy Finance estimates, including a significant amount of older equipment that’s not profitable. The supply-demand balance is tighter than those numbers suggest. De Haan estimates capacity at about 59 gigawatts, excluding manufacturing lines that are out of date or obsolete.

‘On Par’

Considering only “factories that are meaningful and active,” supply and demand is “almost on par,” said Luc Grare, senior vice president for the Norwegian panelmaker REC Solar ASA.

The last time supplies were hard to find was in 2006, when the nascent industry installed just 1.5 gigawatts of capacity. The following year, the top Chinese manufacturers raised $1.8 billion selling stock to Wall Street to finance new production capacity.

Chinese manufacturers sold about $5 billion of shares from 2005 to 2010, and wrested control of the market from companies in the U.S., Germany and Japan. The added capacity drove down prices and pushed dozens of manufacturers into bankruptcy. Solar panels sell for 76 cents a watt now, compared with $2.01 at the end of 2010. The price has slipped 12 percent this year.

The Commerce Department on Tuesday (3 June 2014) imposed steep duties on importers of… Read More

Expanding Now

Nobody is predicting upheaval now. Production capacity this year is “expected to stay more or less flat, but consolidate, with new-build balancing exits,” said Jenny Chase, lead solar analyst at New Energy Finance.

Some manufacturers are already expanding. In May, Canadian Solar Inc. (CSIQ) began construction on a new cell factory in China, a joint venture with GCL-Poly Energy Holdings Ltd. that will initially have 300 megawatts of annual capacity.

The solar industry is cyclical and near a turning point, said Canadian Solar Chief Executive Officer Shawn Qu. He’s expanding now because he anticipates a shortage.

“Every industry goes through cycles,” Qu said. “It’s inevitable to see a cycle in solar.”

Other manufacturers already see a shortfall.

“It would be fair to say our panels are in short supply,” said Tom Werner, CEO of SunPower Corp. (SPWR) The San Jose, California-based company’s factories are running at full, and it announced in July plans for a new factory that may begin production in 2017 and will be able to make at least 700 megawatts a year. That’s more than double the plant it’s bringing online next year.

Supply Chain

When panels become scarce, they’ll probably be routed to customers placing the biggest orders, said Angelo Zino, an analyst in New York at S&P Capital IQ.

“The large-scale utility projects are going to be where the modules go,” Zino said. “If there’s any sort of tightness in the supply chain, you would think that the push-outs would be on the residential side.”

That potential threat to the rapidly growing U.S. residential solar market prompted SolarCity Corp. (SCTY) to buy a panelmaker in June. The rooftop developer expects demand to surge, especially for systems atop homes and commercial buildings.

SolarCity Deal

“At some point, it will be a 400-gigawatt-a-year market; it’s just mathematical,” said CEO Lyndon Rive. Smaller companies without supply contracts may be unable to get enough panels.

Billionaire Elon Musk, SolarCity’s chairman, said the acquisition will guarantee supply. “If we don’t do this, we thought there was risk of not being able to have the solar panels we need,” he said during a conference call announcing the deal.

Any shortage may also limit deliveries to markets where stronger demand means better pricing, said REC Solar’s Grare.

Regions with “heavy price competition” such as Latin America will feel a shortage first, while regions with stable prices, such as the U.S. and Japan, will be prioritized, he said.

Companies that make manufacturing equipment such as Germany’s Manz AG expect the looming shortage to spur orders.

“According to our estimation, the gap between supply and demand will be closed at the end of 2014,” said Axel Bartmann, a spokesman for Manz. “This will definitely lead to rising investments in advanced equipment.”

Panel Pricing

Unlike other industries, a shortage probably won’t boost prices, said Arno Harris, CEO of Recurrent Energy, a San Francisco-based developer owned by Sharp Corp.

As production costs slide, manufacturers can increase profit without raising prices. That’s important because solar power is extremely price-sensitive, Harris said.

“It would be difficult for module pricing to really go up because there isn’t going to be natural demand for those products at those higher price points,” Harris said. “If you raise the price too much they’ll move on to something else. They’ll move on to gas, they’ll move on to wind.”

To contact the reporter on this story: Ehren Goossens in New York at [email protected]

To contact the editors responsible for this story: Reed Landberg at [email protected] Will Wade

Source: http://www.bloomberg.com/news/2014-08-18/solar-boom-driving-first-global-panel-shortage-since-2006.html

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KWG Announces Offering to Raise Between $4 Million to $10 Million

Posted by AGORACOM-JC at 8:49 AM on Monday, August 18th, 2014

TORONTO, ONTARIO–(Aug. 18, 2014) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) (“KWG” or the “Corporation“) is pleased to announce that it has filed a preliminary short form prospectus (the “Preliminary Prospectus“) and has obtained a receipt from the securities regulatory authorities in the provinces of British Columbia, Ontario and Quebec in connection with a marketed offering (the “Offering“) of Units (as defined below) and Flow-Through Shares (as defined below) to be made in the provinces of British Columbia and Ontario.

Pursuant to the Offering, the Corporation is targeting to raise minimum aggregate gross proceeds of $4 million (the “Minimum Offering“) and maximum aggregate gross proceeds of $10 million. The net proceeds of the Offering will be used to: (1) continue the development and commercialization of the new methods of production of chromium iron alloys from chromite ore and of production of low carbon chromium iron alloys (the “New Production Methods“); (2) conduct a drilling program at the Fishtrap Lake project; (3) continue the Corporation’s exploration program at the Koper Lake project; and (4) augment the Corporation’s working capital.

Secutor Capital Management Corporation (the “Agent“) has been appointed as exclusive lead agent for the Offering. The Corporation and the Agent have not yet entered into an agency agreement.

Each unit (a “Unit“) is comprised of three non “flow-through” common shares of KWG (each an “Offered Common Share“) and two non “flow-through” common share purchase warrants (each an “Offered Warrant“) at a price of $0.165 per Unit (the “Unit Offering Price“). Each Offered Warrant will entitle the holder to purchase one non “flow-through” common share of KWG (a “Warrant Share“) until the date that is 24 months following the closing of the Offering at a price of $0.10 per Warrant Share.

In addition, the Offering includes common shares of KWG, which will each qualify as a “flow-through share” (each, a “Flow-Through Share“) within the meaning of the Income Tax Act (Canada) at a price of $0.055 per Flow-Through Share (the “Flow-Through Offering Price“).

In connection with the Offering, the Corporation will grant to the Agent an option (the “Over-Allotment Option“) to sell, as agent, additional Flow-Through Shares (the “Additional Flow-Through Shares“), equal to not more than 15% of the number of Flow-Through Shares sold pursuant to the Maximum Offering, at the Flow-Through Offering Price and to purchase additional Units (the “Additional Units“), equal to not more than 15% of the number of Units sold pursuant to the Maximum Offering, at the Unit Offering Price to cover over-allotments, if any, and for market stabilization purposes. The Over-Allotment Option in respect of the Additional Flow-Through Shares will expire concurrently with the closing of the Offering. The Over-Allotment Option in respect of the Additional Units may be exercised at any time up to 30 days following the closing of the Offering.

Closing of the Offering is subject to certain conditions including, but not limited to, achievement of the Minimum Offering, the execution of a definitive agency agreement between the Corporation and the Agent and the receipt of all necessary approvals, including the approval of the applicable securities regulatory authorities and the TSX Venture Exchange.

The Preliminary Prospectus is still subject to completion or amendment. A copy of the Preliminary Prospectus will be available electronically at www.sedar.com. There will not be any sale of or any acceptance of an offer to buy the securities until a receipt for the (final) prospectus has been issued. The material set forth herein is for informational purposes only and does not constitute an offer of securities for sale in the United States or any other jurisdiction in which such an offer or solicitation is unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act“), or the laws of any state, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of securities will be made in the United States.

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.

Cautionary Note Regarding Forward‐Looking Statements: This Press Release contains or refers to “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. All information, other than information regarding historical fact that addresses activities, events or developments that KWG believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this Press Release is subject to a number of risks and uncertainties that may cause the actual results of KWG to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, KWG. Should one or more of these risks and uncertainties occur, such as: the actual results of current exploration programs; risks normally incidental to exploration and development of mineral properties; the uncertainty of mineral resources estimates; uncertainties in the interpretation of drill results; the possibility that future exploration, development or mining results will not be consistent with expectations; the grade and recovery of ore varying from estimates; the general risks associated with the mining industry;
the Corporation’s inability to maintain its title to its assets; the Corporation’s inability to obtain, maintain, renew and/or extend required licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities and other risks relating to the applicable regulatory framework; environmental damages and the cost of compliance with environmental regulations; environmental risks; adverse land claims from First Nations groups or other parties; lack of adequate infrastructure; a lack of support from the Ontario government and federal government for the development of the Ring of Fire area; the patents to be used to support the commercialization of the New Production Methods will not be granted; capital and operating costs varying significantly from estimates; slowing demand for ferrochrome products; adverse general market conditions; inflation; changes in exchange and interest rates; adverse changes in commodity prices; the impact of consolidation and rationalization in the steel industry; competition; risk that amendments to current laws, regulations and permits governing operations and activities of mining companies will have a material adverse impact the Corporation; the risk that the New Production Methods does not prove efficient or economical; intellectual property litigation; risks related to the tax treatment of the Flow-Through Shares; and, management’s discretion as to use of proceeds, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. KWG does not intend and do not assume any obligation to update these forward‐ looking statements, except as required by law. Readers are cautioned not to put undue reliance on such forward‐looking statements.

Shares issued and outstanding: 777,842,468

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Secutor Capital Management Corporation
Arie Papernick
(416) 847-1220

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Lomiko Metals is the Beneficial Owner of 4,396,970 Shares of Graphene 3D Lab TSXV: GGG

Posted by AGORACOM-JC at 8:06 AM on Friday, August 15th, 2014

VANCOUVER, BRITISH COLUMBIA–(Aug 15, 2014) – LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the “Company”) announces it has received approval from the TSX Venture Exchange to the acquisition of 1,200,000 common shares at $0.25 per share of MatNic Resources Inc. The transaction was subject to MatNic Resources Inc. receiving regulatory approval to a reverse takeover (“RTO”) by Graphene 3D Labs Inc. (“Graphene 3D”) (TSX VENTURE:GGG) (formerly named MatNic Resources Inc.).

The transaction is now complete and the Company now holds 4,396,970 common shares in the capital of Graphene 3D representing approximately 11.23% of the outstanding Shares of Graphene 3D. Of these shares, 3,196,970 were acquired at a deemed price of $0.075 pursuant to pursuant to a securities exchange agreement (the “Securities Exchange Agreement”) dated June 6, 2014 between, among others, Graphene 3D and Lomiko.

3,196,970 of the Shares held by Lomiko are subject to the terms of a Surplus Security Escrow Agreement, in accordance with the Policies of the TSX Venture Exchange. Pursuant to the terms of the Tier 2 Surplus Escrow Agreement, 5% of the Shares will be released from escrow upon the issuance of the TSX Venture Exchange bulletin announcing final approval of the listing of the Shares, and respectively 5%, 10%, 10%, 15%, 15% and 40% will be released on each of the dates that is 6 months, 12 months, 18 months, 24 months, 30 months and 36 months from the date of the TSX Venture Exchange bulletin.

Lomiko acquired the Shares for investment purposes and does not intend to acquire additional Shares in the future.

The acquisition of Shares was exempt under National Instrument 45-106 Prospectus and Registration Exemptions.

Lomiko Metals Inc. Background

Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries. Recently, Lomiko Metals formed Lomiko Technologies, a 100% owned subsidiary focused on technological applications of graphite and graphene.

On Behalf of the Board

A. Paul Gill, Chief Executive Officer

We seek safe harbor. 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.

Lomiko Metals Inc.
A. Paul Gill
604-729-5312
[email protected]
www.lomiko.com

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KWG’s Canada Chrome Corporation to Seek Leave to Appeal Divisional Court Decision

Posted by AGORACOM-JC at 4:57 PM on Wednesday, August 13th, 2014

TORONTO, ONTARIO–(Aug. 13, 2014) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) subsidiary Canada Chrome Corporation (“CCC”) has served notice of its intention to seek an Order of the Court of Appeal of Ontario granting leave to appeal the decision of the Divisional Court of the Ontario Superior Court of Justice released July 30, 2014. As reported on August 1, 2014, the Divisional Court decision ruled that CCC’s consent should be waived in an application for an easement to build a road over its mining claims.

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,842,468

Contact Information

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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Liberty Star Submits Plan of Operations for Drilling Hay Mountain Project to Arizona State Land Department; Proposed Period of Operation: September 29, 2014 to September 29, 2015

Posted by AGORACOM-JC at 9:40 AM on Tuesday, August 12th, 2014

TUCSON, Ariz. — Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”)(OTCQB: LBSR) is pleased to announce that it has submitted an Exploration Plan of Operation (the “Plan” or the “EPO”), for the State Land component covering the prime anomaly of the Hay Mountain Project, to the Natural Resources Division – Minerals Section of the Arizona State Land Department (“ASLD”), as of today’s date. An approved EPO is required by the State prior to initiating exploration activities on Arizona State Trust land (the Company’s Mineral Exploration Permits or MEPs). Plan evaluation and approval may require 30 to 60 days: the approved EPO remains effective for one year from date of approval and the Company may request extensions if required. Liberty Star has proposed a Period of Operation commencing September 29, 2014. The innovative drilling program proposed by LBSR could begin after that date if the EPO is effective and adequate funding is obtained.

“…the type and extent of the operation to be performed. Include the estimated area of disturbance and provide detailed information for any earth moving or site clearance operations.”

Among the ASLD requirements for application of an EPO is a statement of “Scope of Operation” that describes “…the type and extent of the operation to be performed. Include the estimated area of disturbance and provide detailed information for any earth moving or site clearance operations.” Liberty Star has submitted the following:

“1. Core Drilling and daughter hole drilling for mineral deposits at depths of up to 5,360 feet (1,643 m) and using deviated drilling-directional drilling herein described as daughter holes to drill holes out from the mother holes which will give us information at up to 200 meters out from the mother hole. This will decrease our surface drill sites to 41 drill sites, a decrease of 89% by drilling from the central mother hole.

“2. We will be using a diamond core drill – with rubber tracks that put less pressure on the ground surface (4.8 pounds per square inch) than a human would in walking over the drill site. Rather than trucking water off-road to the drill site with very heavy (10 to 16 tons of water per truck load) we will pipe water to the drill sites as needed for drilling using unburied UV protected flexible polyethylene pipe which will not disturb the surface or vegetation to supply a plastic water tank (2,000 gal) at the drill site.

“3. We will use a very recently developed Solids Recovery Unit (SRU) which uses a centrifuge to clean the drill fluid before pumping it down into the hole again. This reduces the foot print of the drill site and negates the use of a traditional mud sump pit. Drill cuttings are automatically bagged and will be disposed in a land fill after drying.

“4. Personnel will be transported in a rubber tracked side-by-side [a 4WHD mini truck from Polaris] with 4 passenger capacity along with space for tools and consumables. This also has an impact of less than a human foot. Normal pickup trucks will only traverse main roads, only pickup trucks equipped with rubber tracks will travel off main dirt road.”

All vehicles used in the drilling process will be mounted on similar low weight distribution rubber tracks. No roads will be constructed, nor surface disturbance made. Routes to the drill sites will be by rubber tracked vehicle paths and there will be no surface disturbance of soil or vegetation.

States Liberty Star CEO/Chief Geologist Jim Briscoe: “The Scope of Operations statement we have submitted to the ASLD exemplifies our commitment to being excellent stewards of State Trust lands. The Exploration Plan is also financially sound because of the efficiencies we’ve built into the plan including those described above, which we believe should actually lower the cost of operations. With naseba and others, we have laid the groundwork for financing, and are in preliminary discussions with more than 12 entities in various countries where we have made presentations. We need that financing in place to proceed with Phase 1 drilling.”

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include our expectation that we will receive approval of our EPO and the timing of that approval, the anticipated timing of the EPO after it commences and the availability of extensions if they are required, our ability to raise funds to pay for the Phase I drilling and our belief that the EPO is financially sound and that it should actually lower the cost of operations. Factors which may delay or prevent these forward-looking statements from being realized include receipt and timing of EPO approval and delays in financing, the possibility that we may not be able to raise sufficient funds to complete our intended exploration or carry on operations and the timing of that financing; and the possibility that we may be prevented from drilling due to weather, logistical problems or other field hazards. Despite encouraging results, there may be no commercial grades of mineralization on our properties. Readers should refer to the risk disclosures in our recent 10-K and our other periodic reports filed from time to time with the Securities and Exchange Commission.

Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter @LibertyStarLBSR

Contacts

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]

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Lomiko to Adopt Shareholder Rights Plan at October 30, 2014 AGM

Posted by AGORACOM-JC at 12:04 PM on Thursday, August 7th, 2014

VANCOUVER, BRITISH COLUMBIA–(Aug. 7, 2014) – LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the “Company”) announces that its Board of Directors (the “Board”) has approved the adoption of a shareholder rights plan (the “Plan”). The Plan is subject to the approval of the TSX Venture Exchange and shareholder ratification within six months of its adoption. The Corporation will seek shareholder ratification at its annual and special meeting of the shareholders scheduled to be held on October 30, 2014.

Lomiko is not adopting the Plan in response to any specific proposal to acquire control of its outstanding securities. The Plan will be similar to plans adopted by other Canadian companies and ratified by their shareholders. It is not the intention of the Plan to entrench management or prevent a change of control of Lomiko to the detriment of shareholders. The Plan will not apply to takeover bids that meet certain requirements including that the bid be made by way of a takeover bid circular and be left open for at least 60 days so as to ensure that shareholders will have an adequate opportunity to assess the merits of any such bid.

The Plan has been designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for Lomiko’s outstanding securities, and will provide the board of directors with additional time to assess the advantages and disadvantages of any particular offer, and to seek out alternative proposals in the best interests of all shareholders.

If ratified, the Plan will have an initial term which will expire at Lomiko’s annual general meeting of shareholders to be held in 2017; the Plan may also be reconfirmed and extended at that annual general meeting and at every third annual general meeting thereafter. If ratified as disclosed above, a copy of the new rights plan will be available for viewing on SEDAR and may also be obtained from Lomiko subsequent to its 2014 annual general meeting of shareholders.

Lomiko Metals Inc. Background

Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries.

For more information on Lomiko Metals Inc., review the website at www.lomiko.com.

On Behalf of the Board of LOMIKO METALS INC.

A. Paul Gill, Chief Executive Officer

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.

Lomiko Metals Inc.
A. Paul Gill
604-729-5312
[email protected]
www.lomiko.com

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Liberty Star Signs Comprehensive New Agreement with Naru Capital a Division of naseba, Extending Successful Partnership to a 4th Term, from July 10 to Dec. 31, 2014

Posted by AGORACOM-JC at 9:50 AM on Wednesday, August 6th, 2014

Meetings in Tucson – Hay Mountain Mid-September and Middle East Planned in October

TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce that Liberty Star has once again signed a comprehensive agreement with Naru Capital (“Naru”), a division of naseba.

With the current value of ongoing infrastructure projects in the Middle East estimated at over US$2.62 trillion, the region is currently witnessing significant investments in infrastructure development that drive the demand for metals including copper, aluminum, iron, and nickel among others. Thus investors now seem to be seeking strategic investments in the sector, with the regional material demand forecast set to rise consistently over the next 5-10 years. This will be compounded by the decrees to bring expertise to the region in order to fast track developments of local mining assets as well. Having recognized the potential of Liberty Star and its Board, Naru Capital will be making a major push to get Hay Mountain funded and then fund other projects and targets of Liberty Star.

Naru Capital is a division of naseba group, a French business information company and a deal facilitator focused on the needs and interests of growth market based investors. With on the ground presence in Algiers, Bangalore, Dubai, Monaco, Riyadh, and Shanghai Naru Capital facilitates the introduction of companies raising capital to investors in emerging and growth markets, offering an alternative to traditional avenues to source deal flow. Naru Capital organizes highly-targeted, private capital introduction meetings and investors road shows across a range of growth markets and sectors, introducing each to pre-qualified investment opportunities.

The new agreement is to effectuate financing on a variety of levels for Liberty Star targets and opportunities. This will continue with an additional road show in the locations not yet visited where after extensive preparation and publicity of the opportunity, one on one meetings will be arranged with entities that have the desire and funds to invest in significantly large grass roots or greenfield mineral exploration targets. This will include Hay Mountain. The investment analysts will prioritize the meetings based on investor interest and intent, and will follow up with all the parties to ensure progression from the meetings, which will include potential visits to the southeast Arizona – Tombstone- Bisbee area where the Hay Mountain target is located and to the operating copper mines in the Tucson vicinity that have similar characteristics and are emblematic of the Hay Mountain Project.

Company CEO/Chief Geologist James A. Briscoe will return to the Middle East for a second time in October for highly-targeted, private capital introduction meetings organized by Naru Capital, which makes this the fourth time Naru Capital and Liberty Star have partnered for investors’ acquisition. The road show will include follow up meetings from Briscoe’s June visit to Saudi Arabia, Oman and Turkey which led to the 10 indications of interest, the first step in sending non-disclosure agreements for the Hay Mountain project and offer the Hay Mountain Project/Mine Finders training program to new potential investors.

Naru Capital Managing Director, Fabien Faure said “More than looking at just the financial capabilities of these investors, we also discuss their alternative reasons as to why they would consider an opportunity, before we make any introductions. We have developed trusting relationships with our investors through constant and open dialogue, and mapping their emotional connection to a particular industry, region or opportunity. We also work closely with our investors to establish how a project could benefit them from a strategic point of view, or sometimes how it could benefit them politically.”

Notes Briscoe: “Liberty Star is taking the lead in developing in what we believe will be ‘a major mining project that will be active for decades’. This fact is well known to local investors, but not to international investors. Naru Capital arranged these ‘Investor Road Shows’ of meetings tailored exactly to our requirements, and it has given the opportunity to be introduced in growth markets like India, China and the GCC as a lead in the Hay Mountain project and also discuss the long term Mine Finders training program with an objective of developing a full stream of new mineral discoveries in the Arabian Nubian shield.”

“naseba/ Naru’s approach cuts out a lot of time consuming vetting that I don’t have time to engage in. I am in the midst of the finalization of planning Phase 1 drilling at Hay Mountain and working on required permitting. naseba’s team understands that the Hay Mountain land has been the subject of intense professional geologic, geochemical, and geophysical surveys resulting in profound mutually reinforcing anomalies which indicate the presence of an extremely large porphyry copper/gold multi-metallic system including a very large rare earth element anomaly.”

“Drilling is the next step for the project. The funding we seek is for our innovative, efficient Phase 1 drilling program which will tell us if we have positive drill core indicators of a potentially commercially important ore body rivalling in size and grade several of the other mined ore bodies in the area, ranging from the middle of Arizona, south and east into northern Mexico. naseba has promised to bring us together with potential investors who have the desire to get in on the ground floor of, if we are successful, what I believe will be a major mining project that will be active for decades. Assuming Phase 1 shows positive indications, Phase 2 – lasting 3 years and operating 24/7/365 will continue immediately. Cutting edge equipment and methodology will be used, meeting US-SEC engineering report standards and well as Canadian NI- 43-101 requirements. Registered professionals will supervise all operations, and certified assay laboratories will be used for all metal analysis as the company does on all its projects.”

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA

CEO/Chief Geologist

Liberty Star Uranium & Metals Corp.

Forward Looking Statements

Statements in this news release that are not historical are forward looking statements. Forward-looking statements in this news release include: that the follow up meetings through naseba and with potential partners could lead to large scale funding of Liberty Star’s Hay Mountain Project; that we may obtain a partner for the Hay Mountain project; anomalies on our property indicate the presence of an extremely large porphyry copper/gold multi-metallic system including a very large rare earth element anomaly; and that we can efficiently drill our property if we had sufficient funding.

Factors which may delay or prevent these forward-looking statements from being realized include: our inability to agree with a potential partner on terms of their participation in the Hay Mountain Project or any project; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; and possible inability to continue drilling due to weather, logistical problems or hazards even if funds are available. Despite encouraging results, there may be no commercial grades of mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Contacts

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR

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Garibaldi Confirms Discovery of Shallow High-Grade System at Silver Eagle Target

Posted by AGORACOM-JC at 6:30 PM on Tuesday, August 5th, 2014

SECOND STAGE OF DRILLING TO COMMENCE IMMEDIATELY

TSXV: GGI
OTC: GGIFF
Frankfurt: RQM

VANCOUVER, Aug. 5, 2014 – Further to its news releases of May 14, 2014, and June 19, 2014, Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to report that several additional diamond drill holes have confirmed the discovery of a shallow, high-grade mineralized system with apparent open-pit potential at the Company’s Silver Eagle target (Rodadero North Project) in central Sonora State, Mexico. A second stage of drilling is starting immediately with SE-14-07 and will continue through the Mexican rainy season.

Highlights:

  • Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions;
  • SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters’ depth while the most recent hole (SE-14-06) – the farthest step-out from previously reported discovery hole SE-14-01 – has produced the widest mineralized intercept to date;
  • Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/t Au) as explained further in this update;
  • As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.

Steve Regoci, Garibaldi President and CEO, commented: “The shallowness of this mineralization at Silver Eagle is striking, and that may have important implications as we continue to advance this target and the overall project. The potential scale of the mineralizing system at Rodadero North is evident by the number of ‘hot spot’ signatures defined by our hyperspectral remote sensing data. Follow-up surface sampling of these silicified zones and the excellent drill results at Silver Eagle suggest the possibility that some of these targets may be the collective surface expression of a very robust system.

“Given these exciting developments at Rodadero North, upcoming second stage drilling at the La Patilla Gold Property – another shallow potential deposit – and of course the Grizzly Cu-Au Porphyry Project that we’re vigorously advancing to the drilling stage, this summer through year-end is shaping up to be the most active and dynamic period in our Company’s history.”

Silver Eagle Drilling

Of particular significance, the mineralized zone at Silver Eagle appears to widen to the south. Similar siliceous bodies are exposed for several hundred meters along a ridge to the south.

SE-14-03, collared 25 meters south of SE-14-01, intersected 11.45 meters of 266 g/t Ag including 1,935 g/t Ag (62.2 oz/t) at a depth between just 4.3 and 5.2 meters.

Meanwhile, SE-14-06, collared approximately 85 meters south of SE-14-01, returned a consistent, well-mineralized 24.4 meter section within 46.5 meters of surface, including 262 g/t Ag (8.4 oz/t) and 4.1% Pb over 4.6 meters.

The geometry of the mineralized zone at Silver Eagle is not yet clear after the limited drilling to date. Mineralization appears to be controlled by a steep tabular structure under the wider silicified zone exposed at the surface, but mineralization could also be controlled by a relatively flat lying zone within the silicified “cap”. These possibilities are not mutually exclusive.

This second phase of drilling is designed to test the expansion of the mineralized zone to the south and at depth to the east, as well as test the base of the silicified zone in other areas.

Silver Eagle features excellent road and water access while power lines also run through the target area.

Significant Assay Results – Phase 1 Drilling (First 6 Holes) at Silver Eagle

Hole From (m) To (m) Width (m) Ag (g/t) Ag (oz/t)
SE-14-01 19.50 26.50 7.00 2,010 65.0
includes 19.50 21.50 2.00 68.7 2.2
and 21.50 22.50 1.00 7,633 245.4
and 22.50 26.50 4.00 1,574 51.6
SE-14-02* 0.00 5.00 5.00 106 3.4
SE-14-02A* 0.00 9.00 9.00 144 4.6
includes 0.00 3.00 3.00 269 8.7
SE-14-02B* 0.00 10.63 10.63 115 3.7
includes 0.00 6.80 6.80 171 5.5
SE-14-03 3.05 14.50 11.45 266 8.6
includes 3.05 4.33 1.28 222.9 7.2
and 4.33 5.20 0.87 1,935 62.2
and 5.20 9.90 9.30 116 3.7
SE-14-04 30.20 36.30 6.10 203 6.5
includes 31.20 32.50 1.30 860 27.7
SE-14-06 22.10 46.50 24.40 87 2.8
includes 27.57 46.50 18.93 104 3.3
includes 35.80 40.40 4.60 262 8.4
Above widths are downhole core lengths (431 meters in total was completed) and true width for the drill intercepts remains to be determined. A cut-off of 20 g/t Ag was used for all intercepts. Grades have been converted from g/metric ton to oz/metric ton; conversion to oz/short ton would result in a slightly lower number.
*Holes SE-14-02 and 2A experienced technical issues and were stopped short; only 2B was completed to the target depth.

All holes contained intersections with elevated levels of lead and zinc ranging from anomalous to as high as 6.1% Pb and 2.1% Zn over 1.3 meters in SE-14-04.

Hole SE-14-05 was drilled to offset mineralization in holes SE-14-01 and SE-14-04 to the north. SE-14-05 was drilled at a different orientation than the other holes and cut a zone of silicification but with low silver values. More work is needed to determine the possible orientation of a mineralized body extending to the north.

Updated Maps

An updated Rodadero Project map can be viewed later today by going to the following web site URL:

http://www.garibaldiresources.com/i/maps/Rodadero/RodaderoProjectMap.pdf

A Silver Eagle map showing locations for drill holes SE-14-01 through SE-14-06, along with the updated Rodadero Project map, will be available later today in the Mexico section under “Rodadero” at GaribaldiResources.com

Surface Sampling Returns High-Grade Silver and Gold Near Silver Eagle

Distinct from the two most northern targets La Guata and Batuc at Rodadero North, a group of eight targets strike to the south, southeast and east of Silver Eagle. This cluster, which includes new targets La Tortuga, Reales and La Estrella, is situated within a 30 sq. km area forming the lower two-thirds of Rodadero North, and exhibits common mineralogical features.

Initial sampling prior to drilling at Silver Eagle consistently returned high-grade silver exclusively (see June 19, 2014 news release), whereas sampling at La Tortuga, Igualama and La Fortuna has encountered both high-grade silver and high-grade gold. Of a total of 218 samples from those areas, 24 returned silver values greater than 200 g/t while 17 returned gold values of 3 g/t or more. Assays ranged from below detection to as high as 8,000 g/t Ag and 52.6 g/t Au from selected vein and dump samples. The average values for all samples were 121 g/t Ag and 0.98 g/t Au, respectively.

Reales, immediately to the south of Silver Eagle (within 1,000 meters), gave very encouraging hyperspectral signatures and shows areas of silicification similar to those seen at Silver Eagle.

Data from Reales and other target areas are being received and interpreted, and the Company looks forward to releasing additional results in the near future. The relationships among all the targets identified so far at Rodadero North are a focus of the ongoing exploration program.

By the nature of the biases of sampling, the above sampling results are not necessarily representative of mineralization at Rodadero North in general or, specifically, within the zones, structures or geological features that were sampled.

Cautionary Note

While Garibaldi is highly encouraged by these initial drill results and other data collected at Silver Eagle and elsewhere at Rodadero to date, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in any of the targets being delineated as a resource.

Quality Assurance & Control

Garibaldi maintains strict QA-QC protocols for all aspects of its exploration programs that include the systematic insertion of blanks and standards into each sample batch. Acme Labs (now part of the Bureau Veritis group that includes BSI Inspectorate) performed assay analyses on core reported in this release, and ALS Global (formerly ALS Chemex) performed analyses on rock samples. All samples were assayed using certified and industry standard assay techniques for gold and multi-element packages for other elements and for over-limits. Au was analyzed by 30 or 50 gram fire assay with an atomic absorption finish, and other elements were analyzed by multi-element ICP. Samples in excess of 1,500 g/t Ag were analyzed by gravimetric methods.

Qualified Person

Dr. Craig Gibson, Certified Professional Geologist and a director of Garibaldi, is a non-arms length Qualified Person for the Company’s Mexico projects and the direct manager of the technical programs operated under contract by Prospeccion Y Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the content thereof.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

SOURCE Garibaldi Resources Corp.

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Additional Expressions of Interest in Liberty Star’s Copper-Gold-REEs Hay Mountain Project, Southeast Arizona and Uranium Assets at North Pipes, Arizona

Posted by AGORACOM-JC at 1:24 PM on Tuesday, August 5th, 2014

TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce that one international mining entity and three domestic investing groups have expressed interest in continuing due diligence and possible negotiations for financing Phase 1 drilling, on the Company’s Hay Mountain Project in Cochise County, southeast Arizona. Another company has expressed an interest in the North Pipes Project for uranium and other minerals in northern Arizona. In all cases, these are preliminary expressions of interest but these discussions are underway.

Liberty Star’s Hay Mountain Project (13.45 sq. miles) is located 15 miles northwest of the Bisbee Mining District and shares geologic traits with that area as direct similarities. Hay Mountain has direct similarities to other nearby Arizona porphyry copper deposits as well, including the Mission Pima Mine (ASARCO) which was discovered by drilling into a strong magnetic anomaly like the anomaly over the geochemical anomaly at Hay Mountain, the Silver Bell Mine (ASARCO), the Christmas Mine, the nearby Johnson Camp (Nord Resources), the I-10 porphyry copper, and the recently announced Hermosa Project mine south of Tucson (Wildcat Silver). A successful discovery was recently announced using the almost exact procedures (geochem followed by ZTEM and drilling) at the Balboa porphyry copper at the Cobre Panama Project in central Panama.

Hay Mountain Exploration highlights include:

  1. Geochemical anomalies indicative of a covered porphyry copper-gold-silver-moly mineral zone (NR 104)
  2. Geochemical testing indicative of a large (7 to 9 square mile) rare earth elements anomaly (NR 122)
  3. Ten target areas mapped via data provided by ZTEM geophysical/electromagnetic surveys (NR 170)
  4. A technical report recommending a phased drilling program
  5. Budgets and plans call for Phase 1 drilling at a budget of $6.5 million, followed on success of Phase 1 by a Phase 2 drilling program – $59 million of three years duration (24/7/365) to define an economic mineral zone.

Comments Jim Briscoe, Liberty Star’s CEO/Chief Geologist: “We have been very busy working on the follow-up from my Middle East travels (NR 183) and working on permitting. Now I have additional interested parties to talk to. The Hay Mountain Project is ready for drilling once we can obtain full financing for Phase 1 drilling. We haves plans set in place to fully mobilize for our innovative, cost efficient and environmentally sensitive drilling program as soon as we receive sufficient funding. We will also be working aggressively to finalize a draft agreement for the North Pipes uranium program.”

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include that the Hay Mountain Project is ready for drilling once we can obtain full financing for phase 1 drilling; that we can fully mobilize for our innovative, cost efficient and environmentally sensitive drilling program as soon as we receive sufficient funding; and that we will also be working aggressively to finalize a draft agreement for the North Pipes uranium program. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and an inability to continue development due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if our proposal is accepted, we may not be able to carry out project development as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Contacts

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook, LinkedIn & Twitter@LibertyStarLBSR

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AGORACOM Client Feature: Stria Lithium (SRA: TSX-V) Powering The Green Revolution

Posted by AGORACOM-JC at 9:33 AM on Friday, August 1st, 2014

Why Stria Lithium?

  • Aiming to become one of the lowest cost producers in the world for battery- grade technology lithium — critical for high-technology green energy industries.
  • Management is key. Stria has assembled a truly world-class, experienced and accomplished team.
  • Stria’s strategic, cost-effective exploration substantially reduces the risks and expenditures of exploration by focusing on deposits that are readily available to advance.
  • Stria’s unique and extensive experience in understanding and utilizing the latest, most-advanced geophysical tools affords the Company a competitive edge within the industry.
  • The lithium market remains robust with tremendous upside potential versus other metals.

 

A New Source, a new process for technology lithium

Several foreign nations are already stockpiling materials critical to the emerging green technology economy, which means a reliable North American supply of high quality lithium-based products has never been more urgent. Stria believes Canada has a key role to play in the green tech economy, and plan to be a part of it by carving out a supply and technology niche in the critical and strategic metals world.

The Stria strategy …

Stria, through a business plan combining strategic alliances and property acquisition, aims to be among an elite group of Canadian producers helping to drive the clean tech economy through the provision of a dependable supply of “home-grown” lithium carbonate and through innovative mineral processing and purification technologies for primary lithium-spodumene ore.

Pontax-Lithium property …

Stria holds 100 per cent ownership of the Pontax-Lithium property located in the west-central James Bay territory in northern Quebec.

The property, which Stria acquired from Khalkos Exploration Inc. in 2013, is host to a recently discovered swarm of a dozen spodumene-bearing (a lithium mineral) pegmatite dikes, each one metre to 10 metres in thickness, plus a series of small centimetre-thick dikelets.

The lithium-bearing dikes outcrop over an area of 450 metres by 100 metres (for more information, click here to view the NI-43-101 Technical Report (Girard,2013) on the Pontax-Lithium Property).

Close-up view of Pontax’s spodumene-bearing pegmatite. The light grey spodumene is idiomorphic and lath-shaped. The intergranular grey mineral is quartz.


Willcox Lithium / Arizona

Stria holds 100 per cent ownership of the Willcox Lithium project, located in Cochise County, Arizona. Acquired through the purchase of Pueblo Lithium LLC from AGR-O Phosphate Inc. in 2014, the property is comprised of 61 lode mining claims.

Willcox Playa is located a few kilometres south of the city of Willcox in north-central Cochise County, 120 km east of Tucson. This barren flat — elevation 1,260 metres (approx. 4,136 feet) — is the lowest part of Willcox basin, which is the northern end of Sulphur Springs Valley. The location is known for its lithium content, and Willcox Playa was part of the U.S. Geological Survey’s 1978 drill program testing lithium distributions in the late Cenozoic sedimentary basin.

 

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