Posted by AGORACOM
at 10:17 AM on Thursday, April 25th, 2019
VANCOUVER, BC / ACCESSWIRE / April 25, 2018 / GGX GOLD CORP. (TSX.V: GGX) (OTCQB: GGXXF)
(the “Company” or “GGX”) announces the appointment of George Sookochoff
as President of GGX Gold. George has over 35 years of experience in the
junior mining sector providing consulting services in the area of
project development, data analysis and management and digital marketing.
He holds a Commerce Degree (Marketing-Computer Sciences) from the
University of British Columbia.
He has served as a director for
several junior mining companies and as past President and CEO of
International PBX Ventures Ltd., a TSX venture company developing
several copper porphyry and gold skarn projects in Chile. George also
served as Executive Vice President of Golden Dawn Minerals where one of
his duties was data acquisition and analysis of exploration data in the
Greenwood mining camp.
George was born and raised in Grand Forks
and is quite familiar with the region and its rich mining history along
with the importance that mining has played for the families of Grand
Forks, Greenwood and area over the last one hundred years.
George
commented “Throughout my long career in the junior mining sector and
having worked on numerous exploration projects around the world it has
always been my strong belief that the Greenwood mining camp, with its
rich history in mining, still remains to be the one of the best
exploration areas in the world.
I am both excited and honored to
return to the Greenwood camp as President of GGX Gold Corp and to
further advance and develop the very significant high grade COD vein
system along with the numerous other vein systems on the Gold Drop
property.
I invite all GGX shareholders as well as all prospective
investors to join me in our exciting journey as we continue to develop
the full potential of the rich Gold Drop property.”
Barry Brown current President and CEO will remain as CEO and has been appointed Chairman of the Board.
The
Company also announces it has granted 500,000 options at an exercise
price of $0.10. The options are exercisable for five years and will be
cancelled 30 days after cessation of acting as director, officer,
employee or consultant of the Company.
On Behalf of the Board of Directors Barry Brown, CEO 604-488-3900 [email protected]
Posted by AGORACOM-JC
at 3:21 PM on Wednesday, March 20th, 2019
Investment Highlights
Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property
Kenbridge Ni Project (ON, Canada)
Advanced stage deposit remains open in three directions, is
equipped with a 623m deep shaft and has never been mined.
Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits.
Plans for Kenbridge include updating PEA,
advancing the project through to feasibility and exploring the open
mineralization at depth
FULL DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 8:11 AM on Wednesday, March 20th, 2019
2018 drilling program a total success, expanding the size of the McKenzie Break deposit and confirming its high-grade potential.
Visible gold found in 17 of the 61 holes, including hole MK-18-196,
which intersected 265.00 g/t Au over 0.6 metres, and hole MK-18-216 with
93.80 g/t Au over 0.5 metres
Highlights of the third and last set of results for the 13,945-metre 2018 diamond drilling program:
Hole MK-18-236: 12.60 g/t Au over 1.35 metres, incl. 55.90 g/t Au
over 0.3 metres, and 13.40 g/t Au over 2.0 metres, incl. 26.40 g/t Au
over 1.0 metre
Hole MK-18-231: 15.74 g/t Au over 1.5 metres
Hole MK-18-222: 13.95 g/t Au over 1.0 metre
Hole MK-18-232: 6.84 g/t Au over 2.0 metres, incl. 13.65 g/t Au over 1.0 metre
MONTREAL, March 20, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the third and last set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d’Or, near its Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received for the last 20 holes totalling 5,052 metres of core (see table below and press releases dated February 28, 2019  and March 13, 2019 for a compilation of the 2018 assay results).
“With the solid high-grade results obtained from our 2018 drilling
program, we have upgraded the status of McKenzie Break as one of our
prime advanced exploration projects,” said Jean-Marc Lacoste,
President and Chief Executive Officer of Monarch. “The program
delivered beyond our expectations, enabling us to establish that the
deposit remains open to the west, east, north and at depth and continues
to hold excellent high-grade gold potential (see plan view and longitudinal).
In fact, the next resource estimate has the potential to expand the
underground deposit by 250 metres to the east, 100 metres to the north
and 50 metres to the west. There is still a lot of exploration work to
be done to fully assess the size and magnitude of this deposit, which
remains largely underexplored. We are presently analyzing the results of
the 2018 drilling and planning the follow-up program for 2019.”
Hole MK-18-236 returned 12.60 g/t Au over 1.35 metres, including
55.90 g/t Au over 0.3 metre at 80 metres below surface. This interval is
65 metres southeast of hole MK-18-210, which returned a grade of 12.50
g/t Au over half a metre from the same horizon as hole MK-18-236,
thereby extending the lens to the east and showing that it is still
open. Hole MK-18-236 also intersected another lens, at a depth of 145
metres from surface, with values of 13.40 g/t Au over 2.0 metres,
including 26.40 g/t Au over 1.0 metre, and 75 metres north, on the same
horizon, hole MK-18-232 returned values of 6.84 g/t Au over 2.0 metres,
including 13.65 g/t Au over 1.0 metre. These two intersections are
connected by hole MK-18-211, 100 metres northwest of hole MK-18-236. The
combination of these three holes on the same horizon will increase the
underground resource in this sector.
Hole MK-18-231, which returned a grade of 15.74 g/t Au over 1.5
metres, is to the north of the planned Green Zone open pit, in the
middle of a triangle of three holes drilled by Monarch in 2018. These
four holes are interpreted as being connected and are on the same
horizon, creating a new lens. The three other holes are an average of 65
metres from hole MK-18-231 and grade an average of 5.42 g/t Au. The
lens lies 200 metres below surface.
Hole MK-18-222 returned a grade of 13.95 g/t Au over 1.0 metre from
68 metres below surface. This intersection is 70 metres northwest of the
Green Zone open pit and will help to increase the underground resource.
Third set of drill results for the McKenzie Break property:
Hole
Length
From
To
Width*
Grade Au
number
(m)
(m)
(m)
(m)
(g/t)
MK-18-222
177
64.1
65.0
0.9
5.14
68.0
69.0
1.0
13.95
102.0
103.0
1.0
4.68
141.0
142.5
1.5
5.40
Including
141.0
141.5
0.5
14.00
MK-18-223
150
20.7
22.6
1.9
6.18
Including
21.6
22.1
0.5
8.99
65.4
66.3
0.9
2.03
69.6
70.6
1.0
3.69
100.5
105.1
4.6
2.18
Including
102.8
103.9
1.1
3.95
122.8
125.3
2.5
2.19
Including
124.0
125.3
1.3
3.17
MK-18-224
210
174.0
178.0
4.0
2.75
Including
177.0
178.0
1.0
6.11
MK-18-225
210
68.0
68.5
0.5
8.11
175.0
176.3
1.3
2.42
MK-18-226
276
244.55
246.5
1.95
3.09
Including
246.0
246.5
0.5
9.58
274.1
275.0
0.9
2.70
MK-18-227
228
101.0
101.5
0.5
3.86
168.7
171.8
3.1
0.89
Including
170.5
171.1
0.6
2.74
MK-18-228
216
34.0
37.0
3.0
2.42
88.0
89.0
1.0
9.37
MK-18-229
243
103.0
104.0
1.0
2.79
196.0
198.0
2.0
1.61
Including
197.0
198.0
1.0
2.39
MK-18-230
270
152.0
153.0
1.0
3.54
175.5
176.2
0.7
2.59
198.0
200.0
2.0
3.84
Including
199.0
200.0
1.0
6.20
MK-18-231
258
197.0
198.5
1.5
17.45
197.0
211.0
14.0
2.38
MK-18-232
252
158.0
160.0
2.0
6.84
Including
159.0
160.0
1.0
13.65
188.0
189.0
1.0
3.25
MK-18-233
247
137.75
138.5
0.75
1.36
MK-18-234
276
234.0
235.8
1.8
7.80
Including
235.0
235.8
0.8
17.30
MK-18-235
269
138.0
139.0
1.0
2.19
244.65
248.0
3.35
3.83
Including
244.65
245.4
0.75
10.60
MK-18-236
288
77.65
79.0
1.35
12.6
Including
77.65
77.95
0.3
55.9
143.0
145.0
2.0
13.40
Including
143.0
144.0
1.0
26.40
236.0
236.55
0.55
3.10
277.0
279.0
2.0
2.36
281.0
282.0
1.0
2.05
MK-18-237
300
249.7
250.7
1.0
2.42
261.7
262.25
0.55
2.67
MK-18-238
300
172.6
173.3
0.7
2.26
228.0
228.5
0.5
2.19
259.8
261.0
1.2
2.72
MK-18-239
306
199.0
200.0
1.0
3.57
204.4
205.5
1.1
2.10
MK-18-240
324
176.8
178.3
1.5
5.90
Including
176.8
177.3
0.5
17.5
182.8
183.7
0.9
4.09
MK-18-245
252
123.4
125.3
1.9
1.07
*The width shown is the core length. True width is estimated to be 90-100% of the core length.
McKenzie Break is a high-grade, multiple-narrow-vein gold deposit
hosted in the dioritic Pascalis batholith and underlain by porphyritic
diorite and mafic and felsic volcanic rocks. On June 14, 2018,
the Corporation reported an NI 43-101 pit-constrained resource of
48,133 ounces in the Indicated category and 14,897 ounces in the
Inferred category on the property, as well as an underground resource of
53,448 ounces in the Indicated category and 49,130 ounces in the
Inferred category, for a total of 165,608 ounces of gold (Source: NI
43-101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc., and Christian D’Amours, P.Geo., of GeoPointCom Inc.).
Sampling normally consists of sawing the core into equal halves along
its main axis and shipping one of the halves to the ALS Minerals
laboratory in Val-d’Or, Quebec for assaying. The samples
are crushed, pulverized and assayed by fire assay, with atomic
absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the
gravity method, and samples containing visible gold grains are assayed
using the metallic sieve method. Monarch uses a comprehensive QA/QC
protocol, including the insertion of standards, blanks and duplicates.
The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.
ABOUT MONARCH GOLD CORPORATION
Monarch Gold Corporation (TSX: MQR) is an emerging gold mining
company focused on pursuing growth through its large portfolio of
high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map),
including the Wasamac deposit (measured and indicated resource of 2.6
million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson
advanced projects and the Camflo and Beacon mills, as well as other
promising exploration projects. It also offers custom milling services
out of its 1,600 tonne-per-day Camflo mill.
Forward-Looking Statements The forward-looking
statements in this press release involve known and unknown risks,
uncertainties and other factors that may cause Monarch’s actual results,
performance and achievements to be materially different from the
results, performance or achievements expressed or implied therein.
Neither TSX nor its Regulation Services Provider (as that term is
defined in the policies of the TSX accepts responsibility for the
adequacy or accuracy of this press release.
Tags: #mining, gold, monarch, monarques, tsx, tsx-v Posted in All Recent Posts, Monarques Gold | Comments Off on Monarch Gold $MQR.ca Intersects 12.60 g/t Au over 1.35 metres, including 55.90 g/t Au over 0.3 metres, at its Mckenzie Break Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
Posted by AGORACOM-JC
at 11:20 AM on Friday, March 1st, 2019
Investment Highlights
Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property
Kenbridge Ni Project (ON, Canada)
Advanced stage deposit remains open in three directions, is
equipped with a 623m deep shaft and has never been mined.
Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits.
Plans for Kenbridge include updating PEA,
advancing the project through to feasibility and exploring the open
mineralization at depth
FULL DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 8:50 AM on Thursday, February 28th, 2019
Initial drilling expands the high-grade gold potential of the McKenzie Break deposit and intersects new structures at depth
Highlights of initial results on the 13,945-metre 2018 diamond drilling program: – Hole MK-18-196: 61.20 g/t Au over 2.6 metres, incl. 265.00 g/t Au over 0.6 metres – Hole MK-18-183: 24.70 g/t Au over 0.6 metres – Hole MK-18-180: 19.80 g/t Au over 0.4 metres – Hole MK-18-195: 9.44 g/t Au over 2.0 metres, incl. 18.50 g/t Au over 1.0 metre
MONTREAL, Feb. 28, 2019 - MONARCH GOLD CORPORATION(“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the first assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d’Or, near Monarchs’ Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received for the first 21 holes totalling 4,424 metres of core (see table below for assay results).
“This first set of results attests to McKenzie Break’s solid
exploration and high-grade potential, and already extends the deposit
laterally and at depth,” said Jean-Marc Lacoste, President
and Chief Executive Officer of Monarch. “Previous work on the property
was mainly limited to the Green and Orange zones, which nonetheless
enabled us to outline an indicated and inferred resource of over 165,000
ounces of gold (see press release dated June 14, 2018). Our aim going forward is to increase that resource.”
Hole MK-18-196 returned 61.20 g/t Au over 2.6 metres, including
265.00 g/t Au over 0.6 metres, at 260 metres below surface. This hole
lies 110 metres west of a historic hole that returned 3.56 g/t Au over
1.1 metres, and 75 metres southeast of hole MK-18-195, which yielded
1.84 g/t Au over 1.0 metre. The intersections from holes MK-18-196 and
MK-18-195 are on the same horizon, thereby potentially representing a
new lens at depth.
Hole MK-18-183, drilled northwest of the proposed open pit, returned
24.70 g/t Au over 0.6 metres from a depth of 60 metres. Along with other
holes drilled during the 2018 program, this positive result indicates
the potential to extend the open pit towards the northwest.
Hole MK-18-180 returned a grade of 19.80 g/t Au over 0.4 metres from
90 metres below surface to the northeast of the Green Zone. This result
extends the main Green Zone lens approximately 50 metres towards the
northeast and will increase the underground mining resource in this
area.
Hole MK-18-195 returned 9.44 g/t Au over 2.0 metres, including 18.50
g/t Au over 1.0 metre. This intersection is 195 metres below surface and
represents a new lens below the main Orange Zone lens. The intersection
lies approximately 80 metres northeast of the Orange Zone sector, with
the nearest hole returning anomalous values 75 metres farther east. If
connected, these results could enlarge the lens and extend it to the
northeast.
Initial drill results for the McKenzie Break property:
Hole
Length
From
To
Width*
Grade Au
number
(m)
(m)
(m)
(m)
(g/t)
MK-18-179
176
5.9
6.6
0.7
7.30
149.2
150.0
0.8
8.13
MK-18-180
174
89.4
89.8
0.4
19.80
170.0
171.0
1.0
7.60
MK-18-181
201
175.7
176.7
1.0
1.99
MK-18-182
180
22.8
24.6
1.8
5.27
MK-18-183
180
34.2
38.5
4.3
3.73
Including
37.5
38.5
1.0
7.43
52.1
52.7
0.6
24.70
105.8
106.4
0.6
12.95
MK-18-184
174
58.3
59.4
1.1
2.90
148.6
149.6
1.0
6.83
MK-18-185
186
90.6
91.6
1.0
7.46
100.7
101.45
0.75
10.75
MK-18-186
177
64.0
66.0
2.0
2.68
MK-18-187
174
84.0
88.8
4.8
3.91
MK-18-188
177
6.9
9.3
2.4
3.08
9.2
20.2
1.0
3.46
131.7
132.5
0.8
2.18
MK-18-189
177
11.0
12.0
1.0
2.00
MK-18-190
201
17.6
18.8
1.2
4.87
25.8
27.8
2.0
2.70
39.8
41.0
1.2
3.46
MK-18-191
252
45.5
46.5
1.0
2.26
166.0
179.0
13.0
0.39
MK-18-192
276
89.7
91.9
2.2
6.78
190.0
194.0
4.0
0.68
223.0
226.5
3.5
1.18
MK-18-193
234
130.0
131.1
1.1
8.90
209.0
212.2
3.2
1.76
MK-18-194
234
15.0
16.0
1.0
6.67
111.7
112.7
1.0
2.13
MK-18-195
276
193.0
195.0
2.0
9.44
Including
194.0
195.0
1.0
18.50
MK-18-196
300
254.8
257.4
2.6
61.20
Including
255.7
256.3
0.6
265.00
293.8
296.0
2.2
1.88
MK-18-197
201
177.6
178.8
1.2
1.68
MK-18-198
198
62.5
63.7
1.2
0.18
MK-18-199
276
260.9
262.0
1.1
4.24
*The width shown is the core length. True width is estimated to be 90-100% of the core length.
McKenzie Break is a high-grade, multiple-narrow-vein gold deposit
hosted in the dioritic Pascalis batholith and underlain by porphyritic
diorite and mafic and felsic volcanic rocks. On June 14, 2018,
the Corporation reported an NI 43-101 pit-constrained resource of
48,133 ounces in the Indicated category and 14,897 ounces in the
Inferred category on the property, as well as an underground resource of
53,448 ounces in the Indicated category and 49,130 ounces in the
Inferred category, for a total of 165,608 ounces of gold (Source: NI
43-101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc., and Christian D’Amours, P.Geo., of GeoPointCom Inc.).
Sampling normally consists of sawing the core into equal halves along
its main axis and shipping one of the halves to the ALS Minerals
laboratory in Val-d’Or, Quebec for assaying. The samples
are crushed, pulverized and assayed by fire assay, with atomic
absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the
gravity method, and samples containing visible gold grains are assayed
using the metallic sieve method. Monarch uses a comprehensive QA/QC
protocol, including the insertion of standards, blanks and duplicates.
The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.
ABOUT MONARCH GOLD CORPORATION
Monarch Gold Corporation (TSX: MQR) is an emerging gold mining
company focused on pursuing growth through its large portfolio of
high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map),
including the Wasamac deposit (measured and indicated resource of 2.6
million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson
advanced projects and the Camflo and Beacon mills, as well as other
promising exploration projects. It also offers custom milling services
out of its 1,600 tonne-per-day Camflo mill.
Forward-Looking Statements The forward-looking
statements in this press release involve known and unknown risks,
uncertainties and other factors that may cause Monarch’s actual results,
performance and achievements to be materially different from the
results, performance or achievements expressed or implied therein.
Neither TSX nor its Regulation Services Provider (as that term is
defined in the policies of the TSX accepts responsibility for the
adequacy or accuracy of this press release.
Tags: #mining, gold, stocks, tsx-v Posted in Monarques Gold | Comments Off on Monarch Gold Intersects 61.20 g/t Au Over 2.6 Metres, Including 265.00 g/t Au Over 0.6 Metres, at its McKenzie Break Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
Posted by AGORACOM
at 8:13 AM on Thursday, February 28th, 2019
VANCOUVER, BC / ACCESSWIRE / February 28, 2019 /
VERTICAL EXPLORATION INC. (TSX-V: VERT) (“Vertical” or the Company”) is
pleased to announce the appointment of Martin Gallagher to the advisory
board.
Mr. Gallagher has extensive experience as an analyst and
investment professional gained in a variety of investment banking and
project evaluation roles, including the resource sector. He holds a BSc.
in Financial Economics from Birkbeck College, University of London
(1993).
Between 1988 and 2000, Martin worked for a variety of US
banks, mainly as a credit and project analyst. From 2001 to 2007, he
worked at Dresdner Kleinwort, initially with a focus on high-yield,
special situations and distressed investments and finally, serving as
Managing Director and Head of Emerging Markets Proprietary Trading,
responsible for deploying the bank’s capital across different markets
and sectors .
Martin is currently a partner of Brave Partners LLP,
a London-based advisory firm, which is active in the insurance, clean
energy/storage and natural resource sectors. He provides advice to
investors in junior mining, as well as capital raising and related
services.
Peter P. Swistak, President/CEO of Vertical Exploration
Inc., commented, “We are delighted to have Mr. Gallagher join our
growing Vertical Exploration team. His experience as an analyst and
investment professional make him an extremely valuable addition to the
company”.
ABOUT VERTICAL EXPLORATION
Vertical
Exploration’s mission is to identify, acquire, and advance high
potential mining prospects located in North America for the benefit of
its stakeholders. The Company’s flagship St-Onge Wollastonite property
is located in the Lac-Saint-Jean area in the Province of Quebec.
ON BEHALF OF THE BOARD
Peter P. Swistak, President/CEO
FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995 Toll Free: 1-888-945-4770
Posted by AGORACOM
at 9:58 AM on Wednesday, February 13th, 2019
Launching Graphene Ultra Fuel Efficient Tires (GUET) toward the end of summer 2019
Gratomic certification and terrain testing targeted for completion in Q3, 2019
Gratomic anticipates GUET to be the first range of Graphene-enabled ultra fuel-efficient tires
Gratomic will now target mass market sales demand via Graphene Ultra Fuel Efficient Tires (GUET)
About Gratomic Inc.
Gratomic
is an advanced material company focused on mine to market
commercialization of graphite products, most notably high-value
graphene-based components for a range of mass market products.
FULL DISCLOSURE: Gratomic is an advertising client of AGORA Internet Relations Corp.
Tags: #graphite, #Gratomic, #mining, #Namibia, graphene Posted in Gratomic | Comments Off on CLIENT FEATURE: $GRAT Gratomic Making 1st Step toward Commercialization with Launch of Graphene Ultra Efficient Tires $DNI.ca $LLG.ca
Posted by AGORACOM
at 4:56 PM on Friday, January 25th, 2019
GRAT and TODAQ Holdings Inc. have entered into a memorandum of understanding
Describes the terms of a supply chain partnership to put Gratomic’s supply chain and products on the TODA Protocol.
Integrating Gratomic’s operations and products onto the TODA-as-a-service platform with TODAQ as a partner allows delivery of desired product efficiently and effectively into the customers hands
TORONTO, Jan. 25, 2019 /PRNewswire/ — Gratomic Inc. (the “Company”) (TSX.V:GRAT), a publicly traded Canadian TSX.V company, and TODAQ Holdings Inc. (“TODAQ”) are pleased to announce that they have entered into a memorandum of understanding describing the terms of a supply chain partnership to put Gratomic’s supply chain and products on the TODA Protocol.
“The
market for tires requires products that deliver fuel efficiency, safe
handling, and extended wear. Integrating Gratomic’s operations and
products onto the TODA-as-a-service (“TaaS”) platform with TODAQ as a
partner allows us to deliver the desired product efficiently and
effectively into the customers hands, with the peace of mind of knowing
what they own has been monitored from the raw material source through to
the finished product,”said Gratomic’s Chairman and co-CEO Sheldon Inwentash.
The project will focus on providing incontrovertible proof of
provenance in respect of Gratomic’s graphite supply and consequent
synthesis of commercial nano engineered graphene products throughout the
global graphene marketplace down to the end consumer.
“We’re pleased to add Gratomic as our mining partner alongside our
other pharmaceutical and energy supply chain projects. TODAQ is looking
forward to adding efficiency and security with scale to Gratomic’s
operations, providing a brand multiplier that adds confidence to
products carrying liberated nano engineered graphene from Gratomic’s
dedicated graphite source, and of course addressing the potential for
forgeries and fakes that can become a constant source of leakage,” said Sung Soo Park, TODAQ Managing Director in Seoul.
The project will be rolled out in stages over 2019 as Gratomic brings
its end products to market starting with first proof of concepts and
staging to commercial delivery of its fuel efficient tire in
collaboration with its development partner, Perpetuus Carbon
Technologies.
“Our Graphite mine in Namibia
delivers some of the highest quality exceptionally friable graphite for
ease of commercial processing. A methodology for monitoring which
graphite source is processed into a specific product is a game changer,”
said Arno Brand, Gratomic’s co-CEO.
It is expected that the complete project will span multiple
continents with peer-to-peer cross-border settlement of transactions in
less than a minute, and aim to efficiently demonstrate results that can
commercially scale up looking into 2020. Later phases will also aim to
include value-added trade finance services on the TaaS platform.
“The TODA Protocol ensures individual ownership of your own data and
TODAQ is here to enable secure and efficient international trade and
commoditize the settlement of value. The beauty of this project is that
once a customer buys graphene ultra-efficient tires, they own that
digital asset and embedded proof of the tire, without requiring any
other intermediary including the mine, processor, manufacturing company,
retail source or even TODAQ,” said TODAQ CEO, Hassan Khan.
About TODAQ Holdings Inc.
TODAQ is a fintech “bank of the future” that offers both a supply
chain solutions platform and a consumer solutions platform to
enterprises, banks, and smart cities for all their asset and money
transactions. It intends to also provide these clients access to value
added finance and insurance services. TODAQ is also initially
responsible for the distribution of the Toda Note (TDN), a
cryptographically controlled supply of 237 USD backstopped digital notes designed to be used as a medium of exchange for commerce and industry.
For more informationcontact: Hassan Khan, CEO, +1 416-704-3113 E-mail inquiries: [email protected]
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market
commercialization of graphite products most notably high value
graphene-based components for a range of mass market products. We are
collaborating with a leading European manufacturer of graphenes to use
Aukam graphite to manufacture graphene products for commercialization on
an industrial scale. The company is listed on the TSX Venture Exchange
under the symbol GRAT.
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
news release.
FORWARD LOOKING STATEMENTS:This news release contains
forward-looking statements, which relate to future events or future
performance and reflect management’s current expectations and
assumptions. Such forward-looking statements reflect management’s
current beliefs and are based on assumptions made by and information
currently available to the Company. Investors are cautioned that these
forward looking statements are neither promises nor guarantees, and are
subject to risks and uncertainties that may cause future results to
differ materially from those expected. These forward-looking statements
are made as of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified by
these cautionary statements and by those made in our filings with SEDAR
in Canada (available at www.sedar.com).
Posted by AGORACOM-JC
at 4:02 PM on Friday, December 7th, 2018
SPONSOR: Tartisan Nickel (TN:CSE) The company’s Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information
—————–
-Vale, the Brazilian mining giant built on supplying the world’s steel mills with iron ore, is now betting on the electric vehicle (EV) revolution to turn its nickel division around.
-“We believe in this revolution to come,†Chief Executive Fabio
Schvartsman told analysts at the company’s investor day presentation in
New York this week.
LONDON (Reuters) – Vale, the Brazilian mining giant built on
supplying the world’s steel mills with iron ore, is now betting on the
electric vehicle (EV) revolution to turn its nickel division around.
FILE PHOTO: The logo of Vale SA is pictured in Rio de Janeiro, Brazil, August 7, 2017. REUTERS/Ricardo Moraes/File Photo
“We believe in this revolution to come,†Chief Executive Fabio
Schvartsman told analysts at the company’s investor day presentation in
New York this week.
The use of nickel in lithium ion batteries will translate into at
least 500,000 tonnes of extra demand by 2025, according to Vale, which
is planning to play a leading role in meeting the additional need for
high-grade metal.
However, to do so, it will have to turn around its troubled New
Caledonian operations, a task described by Schvartsman as “maybe our
biggest challengeâ€.
It will also have to gamble that Chinese players led by the Tsingshan
steel group don’t make the technological breakthrough that would allow
them to convert nickel ore straight into battery-grade nickel.
That would undermine demand for the sort of high-purity material, so-called Class I nickel, that Vale specializes in producing.
STILL WAITING FOR GORO
Vale had been hoping to attract a partner for its Vale New Caledonia (VNC) operations but evidently without success.
It will now go it alone.
What was originally known as the Goro project has been strewn with
operational problems ever since it came on stream, two years late, in
2011.
In theory, it’s perfectly positioned to ride the EV revolution,
producing the right sort of nickel for processing into batteries with a
by-product stream of cobalt, another hot battery metal.
In practice, Vale has never fully mastered the high-pressure-acid-lead (HPAL) technology used to convert ore to nickel oxides.
The original plan envisaged a three-year ramp-up to nameplate
capacity of 58,000 tonnes of nickel in oxide and hydroxide. In 2017, its
sixth year of operation, it managed 40,000 tonnes.
Alas, even that good run hasn’t lasted into 2018.
Production of what Vale terms “finished nickel products from VNC
source material†fell 17 percent in the first nine months of the year to
24,200 tonnes and VNC reported an operating loss of $42 million in the
third quarter itself.
Vale management is undeterred.
It has, according to Eduardo Bartolomeo, head of the company’s base
metals division, commissioned a “very detailed study to know exactly why
we can’t achieve our nameplate capacity.â€
The study found that there is no “insurmountable†bottleneck in the
plant and Vale’s goal is now to invest $500 million to get the plant
operating at 50,000 tonnes per year of nickel products over a two- to
three-year time horizon.
It’s not the first time senior Vale management has vowed to fix Goro,
but the new-found incentive is the coming electric vehicle revolution.
The decision to double down on New Caledonia is “very simpleâ€,
according to Schvartsman. “We will need this operation in order to
supply the market because of the growth in the consumption for
batteries.â€
TSINGSHAN CHALLENGE
That is, unless Chinese steel giant Tsingshan can make good on its
ambitions to build an Indonesian plant that can convert nickel ore
straight into battery-quality material.
Since Tsingshan’s original announcement in September, the London
Metal Exchange (LME) nickel price has fallen from just under $13,000 per
tonne to a current $11,000.
Nickel’s shiny electric vehicle premium has been blown away by the
prospect of Indonesia’s abundant nickel ore production, currently
exclusively destined for the stainless steel sector, being diverted into
meeting battery demand.
Such an eventuality could also impact severely demand for the sort of premium nickel product currently produced by Vale.
No-one quite believes Tsingshan’s stated intention of building a
plant to produce 50,000 tonnes per year of contained nickel at a cost of
$700 million with first production next year. Particularly since it is
proposing to use the same HPAL technology that has challenged Vale and
other producers in recent years.
But based on Tsingshan’s track record of single-handedly propelling
Indonesia into the top ranks of stainless steel producers in super-quick
time, no-one’s quite sure either.
Vale’s Schvartsman conceded that “there is no question about the
ingenuity of the Chinese†and that over time “this technology will
become more competitive in their handsâ€.
But not next year, nor in all likelihood the year after.
To build a plant that size, using that technology with that amount of investment “is totally impossibleâ€, Schvartsman said.
Tsingshan’s September statement, according to Schvartsman, “is more
an issue of communication – there isn’t anything real behind it.â€
“Just talkâ€, agreed Bartolomeo, who noted it would take Tsingshan 18
months just to get a federal marine disposal license. “They have the
provisional license but the rules are very strictâ€.
NOW A BELIEVER
This time last year, when Vale was actively looking for an investment
partner in VNC, Schvartsman said it was a test of whether the market
really believed that “nickel is something that is important for the
future of EVs.â€
Would all the future promise “translate into someone who is eager to invest with us to have more nickel in the future�
The apparent negative response is in all likelihood far more to do
with Goro’s problematic past performance than nickel’s future prospects.
The metal seems on track to be an early winner in the materials
competition for lithium batteries, partly at the expense of cobalt on
price and supply stability grounds.
But the promise still lies largely in the future. Batteries only account for around 5 percent of total nickel demand.
Right now the price remains beholden to its traditional stainless
steel drivers. Stainless production ran hot through the first part of
this year but is cooling rapidly, an overlooked part of the recent price
sell-off.
Nickel inventories, meanwhile, remain elevated. Visible stocks on the
LME have been falling but there is a strong suspicion that part of the
decline has simply reflected statistically hidden stock building along
the supply chain.
Vale has around 60,000 tonnes of idled production capacity, taken off-line at the end of 2017 due to low prices.
That gives it plenty of optionality in lifting output as and when demand from the battery sector takes off.
Because one thing is for sure. Vale is now an official believer in the electric vehicle story.
To reap the full rewards, though, it needs to sort out once and for
all its problem child, Goro, and keep its fingers crossed that
Tsingshan’s announcement is, for now at least, “just talkâ€.
Tags: #mining, nickel Posted in All Recent Posts, Tartisan Nickel | Comments Off on Tartisan Nickel Corp. $TN.ca – Vale doubles down on #nickel ahead of #EV revolution: Andy Home $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca
Posted by AGORACOM-JC
at 10:32 AM on Wednesday, December 5th, 2018
HPQ subsidiary, Beauce Gold Fields Inc has raised the minimum $550,000 concurrent private placement required for it’s listing on the TSX-Venture Exchange under the reserved stock symbol BGF
Following the satisfactory review, the Date of Record and subsequent Distribution and Listing Date will be announced.
MONTREAL, Dec. 05, 2018 — HPQ Silicon Resources Inc (“HPQâ€) (TSX Venture: HPQ) is pleased to inform shareholders that HPQ subsidiary, Beauce Gold Fields Inc (“BGFâ€) has raised the minimum $550,000 concurrent private placement required for it’s listing on the TSX-Venture Exchange (“Exchangeâ€) under the reserved stock symbol BGF.
Patrick Levasseur, President and CEO of HPQ Beauce Gold Fields subsidiary stated, “I would like to thank everyone who has subscribed to the private placement for the listing of BGF. This will allow HPQ to unlock the full potential value of the Beauce Gold property through a fresh new entity starting with a tight capital structure.†Mr. Levasseur also stated “The Beauce is Canada’s last underexplored historical placer mining camp. It’s similar to the placer to hard rock exploration projects in the Yukon or the Cariboo district in BC, that were both placer gold mining camps as well, but recently had major gold discoveries. Combining our large claims holding in St-Simon-Les-Mines together with our increasing knowledge of the geology, we believe we have narrowed the search in exploring for a hard rock gold depositâ€
TSX-V Conditional Approval and Concurrent Private Placement
The Listing of BGF was conditional to closing the private placement. The listing is also conditional to the submission of the Listing Application, the required financial statements plus various supporting documents that HPQ is submitting to the Exchange for satisfactory review.
Following the satisfactory review, the Date of Record and subsequent Distribution and Listing Date will be announced.
In this regard, the BGF’s notice for filing in connection with this Private Placement will be the following basis:
3,500,000 hard-cash units (HC Units) at the price of $0.10 per HC Unit for total of $350,000.00
1,666,666 flow-through units (FT Units) at the price of $0.12 per FT Unit for total of $200,000.00
Each HC Unit will be comprised of one common share and one warrant to purchase one common share at the price of $0.15 per share for two years following the closing date. Each FT Unit will be comprised of one flow-through common share and one-half of one warrant, with each full warrant allowing the holder to purchase one common share at the exercise price of $0.18 per share for a period of two years following the closing date.
Beauce Gold Fields – A Tight Capital Structure at Listing
Transactions
Number of Shares
Private Placement to HPQ
200,000
Spin-out – Shares at $0.10 per Share
13,350,000
HPQ Direct Ownership (≈ 15%)
2,870,000
Distributed to HPQ Shareholders (≈55%)
10,680,000
Flow Through Private Placement at $0.12 per Share
1,666,666
Hard Cash Private Placement at $0.10 per Share
3,500,000
BGF Shares outstanding at Listing
18,716,666
Warrants- Private Placement
4,333,333
Warrants – HPQ warrant holders *
4,158,350
Stock Option Plan (rolling 10%)
1,900,000
Fully Diluted Capital
29,108,349
* Subject to adjustment based on the final HPQ Ratio upon the Ex-Distribution Date.
About Beauce Gold Fields
BGF is a wholly owned subsidiary of HPQ Silicon into which HPQ gold assets were transferred.  Subject to approval by TSX-V, HPQ is in the process of listing BGF as a new public junior gold company, following the approval by shareholders during HPQ AGM held on Aug. 10, 2018, of the proposed terms of the plan of arrangement.
The Beauce Gold Fields project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 152 claims 100% owned by HPQ, the project area hosts a six kilometre long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). Textural observations (angularity) of gold nuggets suggest a relatively proximal source and therefore a short transport distance. The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries. The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s (see HPQ SEDAR-filed report).
HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.
HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V:PYR) and Apollon Solar, that are experts in their fields of interest, the innovative PUREVAPTM “Quartz Reduction Reactors (QRR)â€, a truly 2.0 Carbothermic process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the costs associated with the transformation of quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.
Disclaimers:
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, President and CEO HPQ Tel (514) 907-1011
Patrick Levasseur, COO HPQ, President and CEO BGF Tel: (514) 262-9239 www.HPQSilicon.com
