Julien Davy, President and Chief Operating Officer of Stria Capital Inc discusses the company’s revolutionary on-site processing technology for Technology-Grade Lithium.
Stria is engaged in the acquisition and development of clean technology mineral properties in North America. It owns the Pontax Lithium Project in Northern Quebec, and the Willcox Lithium Project located in Cochise, Arizona.
TORONTO, ONTARIO–(April 2, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) is pleased to report that further laboratory tests on the reduction of the Black Horse chromite using natural gas have been completed. The results of these tests provide substantial encouragement that the newly developed method may be utilized to convert the Black Horse chromite into a metallised chrome and iron alloy. During these tests by XPS Consulting & Testwork Services – a Glencore Company, this chromite, blended with suitable solid carbon as reductant, was reduced in the solid state at atmospheric pressure in the presence of reformed natural gas to produce the alloy.
Reactions commenced at 900°C when a suitable accelerant was used to enhance the reactions – substantially lower than is usual for chromite ores. In addition, the time required for the reductants to convert the oxide ore to alloy was substantially less than one hour – much faster than established direct reduction methods have produced.
Based on these tests only, preliminary estimates provided in a report indicate that very substantial energy savings result. The study suggests that overall direct energy costs to process one tonne of concentrate into metallized ferrochrome alloy are less than half those required for conventional technology. In addition, the process has a considerably lower greenhouse gas emission footprint and greatly reduced impact on the environment. Capital costs are estimated to be significantly lower than those for conventional processes utilizing electrical energy. As previously reported, an international patent of the method is being pursued.
About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite occurrence where resources are being defined. 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.
Arthur Barnes FSAIMM, Principal Consultant at XPS Consulting & Testwork Services – a Glencore Company together with M. J. (Moe) Lavigne, P. Geo., Vice-President of Exploration & Development for KWG, are the Qualified Persons who have reviewed and approved the contents of this release.
The Company also reports that the news release of the private placement completed on March 26, 2014, failed to disclose that finder’s fees included a payment in cash of $2500 and a compensation option entitling its holder to purchase 20,000 common shares of KWG at a price of $0.05 during a three-year period.
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 Forwardâ€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 (such as: the actual results of current exploration programs, the general risks associated with the mining industry, adverse changes in commodity prices, currency and interest rate fluctuations, increased competition and general economic and market factors, the risk that the new method of reducing chromite ore into ferrochrome by means of natural gas that is the subject of the laboratory tests and patent application does not prove efficient or economical, the scope, likelihood of grant, enforceability, infringement, freedom to operate, and commercial value relating to the patent applications to be used to support the commercialization of the gas reduction process, the grant or approval of a patent on any invention disclosed in the patent applications relating to the commercialization of the gas reduction process, and any expected benefit of commercialization relating thereto, that overall direct energy costs to process one tonne of concentrate into metallized ferrochrome alloy will not be less than half those required for conventional technology, the process will not have a considerably lower greenhouse gas emission footprint and greatly reduced impact on the environment, or that capital costs will not be significantly lower than those for conventional processes utilizing electrical energy) occur, 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. We do not intend and do not assume any obligation to update these forwardâ€looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forwardâ€looking statements.
Shares issued and outstanding: 750,312,273
TUCSON, Ariz. — Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€) (OTCQB: LBSR) is pleased to announce geophysics contractor Geotech Ltd. has delivered a ZTEM report covering the Tombstone Super Project (TSP) for porphyry copper, gold, molybdenum, rare earth elements and other metals in southeast Arizona. The report covers approximately 130 square miles including the Company’s Hay Mountain Project.
The ZTEM report will allow further appraisal of seven mineral targets located outside of the Hay Mountain geochemical survey area (2012) identified by CEO/Chief Jim Briscoe and other geological analysts. Further analysis by Geotech’s experts and Briscoe working in concert could yield additional information and refinement on the seven targets and identify additional targets beneath cover.
Briscoe states: “The expanded ZTEM report will allow Liberty Star to correlate surface features with exploration to great depth in the Tombstone caldera and identify the location of additional targets. Along with the Hay Mountain analysis, the new ZTEM report indicates that the Tombstone caldera holds the potential for hosting commercial grade mineralization in line with the known and assumed mineral wealth of the region which encompasses southeast Arizona and northern Mexico. We continue seeking well-funded, knowledgeable partners to help us with a drilling program to begin measuring the potential of Hay Mountain, as drilling is the next step there. There is good potential for further partnerships in the Tombstone Super Project at large.â€
“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 exploration plans, that we have seven mineral targets, that we have the potential for commercial grade mineralization on our property, and that the next step is drilling. Factors which may delay or prevent these forward-looking statements from being realized include: we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; misinterpretation of data is possible; and we may be unable to continue exploration due to permitting requirements, weather, logistical problems, labor or equipment problems or hazards even if funds are available. 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.
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Agoracom Investor Relations
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http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
VANCOUVER, BRITISH COLUMBIA – March 28th 2014 / Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, “Pacific Potash”, “the Company”) is pleased to provide a corporate update regarding its Amazonas Potash Project in Brazil.
As released prior, in the Company’s January 21st news release, Pacific Potash has completed drilling its first well on its 100% owned Amazonas Potash Project. The well was drilled to a total depth of 1421m, and in total 960m of core has been obtained from the well. The core has been cut, logged and prepared for assaying.
Core Samples and Assays
Pacific Potash reviewed Brazil for an assay lab to complete the analysis of the core samples, however it found that there are no existing Brazilian labs equipped to assay for evaporites.
As a result of these findings, Management has decided to ship the core samples out of Brazil for analysis, and the Company’s Brazilian subsidiary is in the last phase of receiving the required export permit from the Brazilian Government to ship the core samples to Canada. The process of obtaining the export permit has been complicated by the DNPM’s delay in transfer title for the potash claims from a 3rd party to the Company. The transfer request has been over two years in processing and during this time the Brazilian Government had a moratorium on claim transfers while awaiting the unveiling of the country’s new mining laws. The 3rd party company’s consent was required for the government to process Pacific Potash’s export permit. The Company now has that consent in hand and expects the export permit to be issued shortly.
Pacific Potash has selected Acme Analytical Laboratories Ltd in Vancouver to complete the assays. Assay results will be released when received.
Memorandum of Understanding
The Company’s cornerstone investor and strategic advisor, Capital Asia continues to assist Pacific Potash in discussions with China’s state owned enterprise (“S.O.E”), as the S.O.E. advances toward a final decision with respect to providing the Company with $10 million in the form of an unsecured convertible debenture. Both parties are working diligently to complete their obligations and continue to work in good faith to complete due diligence. As previously disclosed, the parties intend that the $10,000,000 convertible debenture would convert into shares of Pacific Potash at a conversion price of $0.37 per common share. The S.O.E.’s aggregate beneficial ownership in the Company will not exceed 19.9% of the common shares of Pacific Potash at the time of exercise of these conversion rights. The Convertible Debenture shall bear interest at the rate of 5% per annum, payable semi-annually and share mature on the date which is two (2) years from the date of issuance.
We Seek Safe Harbor.
On behalf of the Board,
Balbir Johal
Executive Co-Chairman, Director & CEO
For further information, please visit our website at www.pacificpotash.com or +1 604.895.7446.
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.
Caution concerning forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Pacific Potash in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Pacific Potash’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Pacific Potash disclaims any obligation to update or revise any forward-looking information or statements except as may be required.
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. At Stria, we believe Canada has a key role to play in the green tech economy, and we plan to be a part of it by carving out a supply and technology niche in the critical and strategic metals world.
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.
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).
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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Garibaldi broadens mineralized corridor at Grizzly, prepares to accelerate 2014 exploration plans
TSXV: GGI, OTC: GGIFF, Frankfurt: RQM
VANCOUVER, March 13, 2014 – Garibaldi Resources Corp. (TSXV: GGI) (the “Company” or “Garibaldi”) is pleased to report that recent reconnaissance work carried out over western portions of its Grizzly Property in the Sheslay Valley, northwest British Columbia, has identified a new zone of porphyry copper mineralization 3 km south of its Grizzly West porphyry target and 3 km west-southwest of Prosper Gold Corp.’s Pyrrhotite Creek prospect in an area referred to as West Kaketsa. Garibaldi is the largest landholder among juniors in the Sheslay district and controls approximately 26,200 hectares in claims. The results of this program suggests potential to significantly broaden a NW/SE trending corridor of porphyry targets that extends for over 30 km through the Sheslay Valley from the western end of the Grizzly Property through Grizzly Central to the recently announced Grizzly East expansion claims.
Given highly encouraging results in the western and central parts of the Grizzly Property, Garibaldi is accelerating its 2014 plans at the Grizzly by launching an aggressive Phase 1 exploration program to include detailed mapping, geochemistry, IP surveys and drilling. The initial stages of this work will commence in the next few weeks and the results will determine the scale of a planned Phase 2 program. Garibaldi is in a strong working capital position and is looking forward to advancing the Grizzly Project concurrently with its assets in Mexico.
“The importance of the discoveries recently announced by Prosper Gold and Doubleview Capital Corp., located approximately 10 km apart on properties within the Sheslay corridor, is the scale of mineralization over such wide distances. Confirmation of another significant porphyry target area several km south of Grizzly West underscores the world class potential of this growing mineralized Cu-Au porphyry corridor in the Sheslay Valley,” explained Steve Regoci, Garibaldi President and CEO. “Garibaldi has captured more than 50% of this very prospective corridor with multiple targets already identified from Grizzly West to Grizzly Central through geophysical and geochemical surveys. We’re very excited about advancing the Grizzly to a first-ever drilling stage.”
West Kaketsa Mineralization Similar To Grizzly West, Pyrrhotite Creek
The extent of the newly discovered mineralized area at West Kaketsa is yet to be determined but it’s located approximately 1 km north of the historic West Kaketsa prospect (B.C. Minfile # 104J-024) and appears to be related to a fault that extends at least 3 km to Pyrrhotite Creek on the eastern flank of Mount Kaketsa. Garibaldi’s upcoming program at the Grizzly Property includes plans to further define this new zone with IP surveys and identify potential drill targets.
Petrographic analysis of mineralization from both the West Kaketsa and Grizzly West prospects has confirmed that both areas exhibit classic porphyry-style copper-gold mineralization including hydraulic brecciation, disseminated chalcopyrite and intense alteration within a hydrothermal environment. Garibaldi’s reconnaissance work identified the new mineralized zone while following up on an encouraging airborne magnetic and radiometric survey completed last fall over western portions of the Grizzly Property.
The airborne survey confirmed that West Kaketsa, like Grizzly West, is in a region of strong magnetic activity and structure, the latter indicating faults and fractures in the intrusive bodies favorable for mineralizing fluids along the contact zones of the Mount Kaketsa monzonite granodiorite stock. Historic technical reports describe porphyry mineralization at West Kaketsa as being similar to mineralization observed at Pyrrhotite Creek. Prosper Gold has reported that Pyrrhotite Creek is a large mineralized zone with multiple porphyry targets located 3 km southwest of the Star porphyries in the SW corner of its Sheslay Property adjoining the Grizzly.
Grizzly West
Last fall’s airborne survey shows that Grizzly West is on the periphery of a large magnetic anomaly, in a similar setting to targets on the adjoining Sheslay Property. A soil geochemical survey has defined several strong copper anomalies open in multiple directions at Grizzly West with the grid covering an area approximately 1.5 km x 1.5 km. Fieldwork at this target has confirmed historical reports (Corona Resources) of mineralization with reported grades ranging from 0.20% Cu to 6.7% Cu in rock chip samples.
Maps – West Kaketsa & Grizzly West
Maps showing location, sampling areas and full results from recent work completed at West Kaketsa and Grizzly West are available on the Garibaldi web site at www.GaribaldiResources.com.
To view a 2.5-minute video on the Grizzly Property and the Sheslay Valley, please visit the following URL: http://www.garibaldiresources.com/s/Media.asp#video1
Qualified Person
Carl von Einsiedel, P.Geo., a non-independent geological consultant and a Qualified Person as defined by NI-43-101 has reviewed this release and approved the content thereof.
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.
GARIBALDI RESOURCES CORP.
1150 – 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website: www.GaribaldiResources.com
VANCOUVER, BRITISH COLUMBIA and TORONTO, ONTARIO–(March 13, 2014) – LOMIKO METALS INC. (TSX VENTURE:LMR) (the “Company” or “Lomiko”) is pleased to announce that it has successfully completed its previously announced public offering (the “Public Offering”) in connection with the short form prospectus of the Company dated March 6, 2014 (the “Prospectus”).
Under the Public Offering, 26,584,180 units of the Company (the “Units”) were sold at a price of $ 0.11 per Unit and 4,627,000 units of the Company (the “Flow-Through Units”) were sold at a price of $0.13 per Flow-Through Unit.
Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one common share purchase warrant (each whole warrant being a “Unit Warrant”). Each Flow-Through Unit consists of one Common Share to be issued on a “flow-through” basis within the meaning of the Income Tax Act (Canada) (each a “Flow-Through Share”) and one-half of one common share purchase warrant (each whole warrant being a “Flow-Through Unit Warrant”).
Each Unit Warrant entitles the holder thereof to purchase one common share of the Company (the “Unit Warrant Shares”) at a price of $0.15 per Unit Warrant Share at at any time before the date that is 18 months following the closing date of the Public Offering. Each Flow-Through Unit Warrant entitles the holder thereof to purchase one common share of the Company (the “Flow-Through Unit Warrant Shares”) at a price of $0.20 per Flow-Through Unit Warrant Share at at any time before the date that is 18 months following the closing date of the Public Offering.
In consideration for services rendered in connection with the Public Offering, the Company has paid a cash commission equal to 8% of the gross proceeds received from the sale of the Units and the Flow-Through Units and the Company granted 1,872,671 compensation options, with each compensation option being exercisable to purchase one common share of the Company for a period of 18 months following the closing date of the Public Offering, at a price of $0.11 per common share. Total commission and fees related to the Units and the Flow-Through Units under the Prospectus were $381,780.83.
An overallotment provision granted under the Prospectus was not utilized and is now extinguished.
The Company is also pleased to announce the closing of its previously announced concurrent non-brokered offering by issuing 15,346,231 flow-through units (the “Private Placement Units”) for additional gross proceeds of $1,995,010.03 (the “Private Placement”). The securities underlying the Private Placement Units were issued on the same terms as the securities underlying the Flow-Through Units that were issued under the Public Offering. In connection with the Private Placement, the Company paid a finder’s fee of 8% in cash and issued 920,774 compensation options, with each compensation option being exercisable to purchase one common share of the Company for a period of 18 months following the closing date of the Private Placement, at a price of $0.13 per common share. Total commission and fees related to Private Placement Units were $194,600.80.
The net proceeds from the Public Offering of $3,143,988.97 and the Private Placement of $1,800,409.23 will be used by Lomiko primarily in connection with the exploration program on the Quatre-Milles East and West mineral properties (Quebec), for business development and for working capital and general corporate purposes. In particular, the proceeds of the flow-through shares under the Public Offering and the Private Placement will be used by the Company to incur eligible Canadian Exploration Expenses as defined by the Income Tax Act (Canada).
The Units, the Flow-Through Units and the Private Placement Units have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons unless the Units, the Flow-Through Units and the Private Placement Units are registered under the 1933 Act or pursuant to an applicable exemption from the registration requirements of the 1933 Act. This press release does not constitute an offer to sell, nor it is a solicitation of an offer of securities, nor shall there be any sale of securities in any state of the United States in which such offer, solicitation or sale would be unlawful.
On Behalf of the Board OF LOMIKO METALS INC.
A. Paul Gill, CEO & Director, Lomiko Metals Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Lomiko Metals Inc.
(778) 228-1170
(604) 583-1932
[email protected]
www.lomiko.com
LEADERSHIP. MOVING FORWARD. BUILDING VALUE.
GARIBALDI APPROACH AND ADVANTAGE IN MEXICO
Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:
NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP
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