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Explor Announces Increase of Ogden Property With Acquisition of 2 Mining Claims $EXS.ca

Posted by AGORACOM-JC at 8:52 AM on Wednesday, January 4th, 2017

Exs logo

  • Announced the acquisition of 2 mining claims (3 mineral claim units) situated in the Porcupine mining division, district of Cochrane
  • Claims are located in Ogden Township contiguous and to the east of the Ogden Property

ROUYN-NORANDA, QUEBEC–(Jan. 4, 2017) – Explor Resources Inc. (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or “the Corporation”) is pleased to announce the acquisition of 2 mining claims (3 mineral claim units) situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario. These claims are located in Ogden Township contiguous and to the east of the Ogden Property. Highway 101 West is north of the property and provided excellent access to the city of Timmins. The claims were acquired because of encouraging results obtained in Explor’s past exploration on this property.

Explor Resources Inc. will pay CDN $1,000 and issue 100,000 common shares to acquire a 100% interest in the additional Ogden claim. The optionors have retained a 2% NSR in the property. This acquisition is subject to the approval of the TSX Venture Exchange.

With this acquisition, the Ogden property now consists of 15 mining claims (99 mineral claim units) covering 1,588 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden and Price Townships, Ontario. The Ogden property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration. The majority of the holes drilled by previous operators were less than 100 meters in length. Historically on the Ogden Property, the only hole that hit significant mineralization was a diamond drill hole by Tex-Sol Exploration in 1965 which returned 6.0 g/t Au over 9.1 m at a shallow depth. On the TPW Gold Property significant mineralization was intersected below 300 meters of vertical depth requiring drill holes of 500 to 600 m in length. Explor has completed a drill program on the Ogden Property with the following encouraging results:

Hole #OG-16-02 intersected 2.06 g/t Au over 1.50m from 154.5 to 156.0 meters

Hole #OG-16-05 intersected 1.99 g/t Au over 1.80m from 438.0 to 439.8 meters.

The preliminary exploration program conducted by Explor consisted of six NQ holes for a total of 3,648 meters of diamond drilling. The holes averaged 600 meters in length. The property was found to contained favourable geology to host gold mineralization. The diamond drill program used geophysical targets identified by Explor’s ground geophysical surveys conducted by Explor and Knick Exploration. The program was successful in that all IP targets were intersected. The geological environment identified was similar to the Timmins Porcupine West Property. Rock type intersected included Quartz Feldspar Porphyry (QFP), Mafic Volcanics, and Sulfide zones containing fine grain pyrite mineralization.

The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off and to the North of the Porcupine Destor fault inside an interpreted splay fault corridor.

Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:
Indicated:          213,000 oz (4,283,000 tonnes at 1.55 g/t Au) 
Inferred:             77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
Indicated:          396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred:            393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Explor Resources Inc.
Christian Dupont
President
819-797-1870
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com

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Solar Panels Now So Cheap – Great news for $HPQ.CA who state they can reduce CAPEX and OPEX for solar grade silicon

Posted by AGORACOM-JC at 9:58 AM on Tuesday, January 3rd, 2017
by 

Chris Martin
  • Spot prices fell to a record-low of 36 cents a watt this week
  • ‘A challenge for anyone to make money at that price’

 

Solar manufacturers led by China’s Trina Solar Ltd. are probably selling at a loss after prices fell to a record low this week.

The global spot market price for solar panels fell 2.4 percent to an average of 36 cents a watt on Dec. 28, according to PVinsights.

That’s the bottom end of the cost range for most producers in the third quarter, according to Jeffrey Osborne, an analyst at Cowen & Co. Suppliers are expandingcapacity this year while demand is expected to slow in 2017, helping to push prices down.

“Certainly it would be a challenge for anyone to make money at that price,” Osborne said in an e-mail. “The blended cost for most last quarter was about 36 cents to 38 cents.”

The current price is also lower than cost estimates from Trina. The biggest supplier of 2015 expected to reduce costs to about 40 cents a watt by the end of the year, from 45 cents in the second quarter, Chief Financial Officer Merry Xu said in an August conference call. The Changzhou, China-based company’s shareholders on Dec. 16 agreed to a $1.1 billion deal to take the company private. A spokesman declined to comment Friday.

Some companies’ cost structures remain competitive, even with prices this low.

Canadian Solar Inc., the second-biggest supplier, reported costs of 37 cents in the third quarter, down from 39 cents in the second quarter. The company has said its costs are among the lowest in the industry, and it expects to reach 29 cents a watt by the fourth quarter of 2017. Many of its competitors expect costs in the low 30s by then, Osborne said.

Source: https://www.bloomberg.com/news/articles/2016-12-30/solar-panels-now-so-cheap-manufacturers-probably-selling-at-loss

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Company Sifts oilfield waste for US$10,000-per-tonne #lithium

Posted by AGORACOM-JC at 1:54 PM on Thursday, December 29th, 2016

 MGX claims to be the "largest lithium brine land holder in Canada".

  • MGX Minerals Inc. has been buying up metal and minerals permits in Alberta’s oil and gas producing regions but has no intention of mining the areas for lithium carbonate, which is used to make batteries for electric vehicles
  • Jared Lazerson, MGX’s president and CEO, said the company is working to sign agreements with oil and gas producers to process their wastewater, a byproduct of oil and gas production, so the company can extract the lithium carbonate from that water, which would otherwise simply be treated like waste.

CALGARY – A tiny Vancouver-based mining company is betting Alberta’s energy sector could benefit from the rise of electric vehicles by harvesting its oilfield wastewater for lithium carbonate.

MGX Minerals Inc. has been buying up metal and minerals permits in Alberta’s oil and gas producing regions but has no intention of mining the areas for lithium carbonate, which is used to make batteries for electric vehicles.

Instead, Jared Lazerson, MGX’s president and CEO, said the company is working to sign agreements with oil and gas producers to process their wastewater, a byproduct of oil and gas production, so the company can extract the lithium carbonate from that water, which would otherwise simply be treated like waste.

MGX claims to be the “largest lithium brine land holder in Canada” with permits covering over one million barrels per day of brine production by various oil field operators throughout Alberta.

While MGX has yet to deploy a pilot project in the oilfield (a pilot is scheduled to begin in the first quarter of 2017), in December the company signed an agreement with oilsands giant Canadian Natural Resources Ltd. to work on the Sturgeon Lake region, near Grande Praire, Alta.

“Canadian Natural has allowed a third party to obtain water samples from our operations for their work in lithium carbonate,” CNRL spokesperson Julie Woo said in an email. “Beyond that, no decisions, plans or commitments have been made on the application of this technology in Canadian Natural’s operations.”

Lazerson said he hopes that MGX’s technology, for which it has filed patents, will allow oil and gas producers to help supply new energy markets, including the market for electric vehicles.

“Who better to have a big piece of the new energy sector than the energy sector?” he said. “I think there are going to be incredible efficiencies from oil and gas and new ideas as word starts to get out.”

Wood Mackenzie analysts expect lithium demand will double by 2024 as more and more consumers, especially in Europe, purchase electric vehicles.

Lithium prices have spiked in recent years because, as Wood Mackenzie noted in a November report, that lithium ion “has become the technology of choice” for electric vehicles.

Related

The commodity is not traded on any exchange, however, and analysts say that current prices – which have reached US$10,000 per tonne – are likely to fall as new supplies become available.

“The trick isn’t finding lithium, the trick is producing it inexpensively,” Stormcrow Capital president and lithium analyst John Hykawy said in an email.

Hykawy said there are several companies attempting to produce lithium using water treatment technologies like reverse osmosis and nano-filtration but cautioned these are early-stage technologies being developed in a time of high prices.

Most of the lithium carbonate produced in the world is produced in South America’s “lithium triangle,” — the salt flats in Bolivia, Chile and Argentina — where new projects are also set to begin production.

“Prices will fall again, it might take a year or two,” Hykawy said. “But almost none of the smaller companies in the space, with the exception of Orocobre Ltd., are in a position to produce and have their profits benefit from these high prices. By the time most will be able to sell something, prices will be back to lower levels.”

MGX’s Lazerson hopes to move from a pilot project in the first quarter of next year to a full-scale commercial project by the third quarter. MGX, which trades on the alternative Canadian Securities Exchange, has seen its share price rise 110 per cent this year.

The company’s goal, Lazerson said, is to connect its water-treatment units with oil and gas operators in regions where they produce between 12,000 barrels per day to 20,000 bpd.

“Big picture, this is an add-on to oil and gas,” Lazerson said, adding that he thinks energy companies will see the value in the minerals in their waste and venture with MGX to process their water.

Financial Post

[email protected]

Twitter.com/geoffreymorgan

Source: http://business.financialpost.com/news/vancouver-mining-company-plans-to-scour-oilfield-waste-for-us10000-per-tonne-lithium?__lsa=0ccc-5bdd

 

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Fairmont Resources Inc. Receives Extension for Grabasa Acquisition $FMR.ca

Posted by AGORACOM-JC at 4:38 PM on Wednesday, December 28th, 2016

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  • Received an extension to complete the payment for Granitos de Badajoz until February 22, 2017 from the Spanish Court in Badajoz
  • “We are optimistic that a financing solution is close at hand for completing the acquisition of Grabasa. With imports increasing 10.9% for worked granite into the United States from Spain in the 3rd Quarter 2016 versus 3rdQuarter 2015 when other countries have seen large decreases, other than China, we see an acceptance of Spanish product into the United States market, and for Grabasa this is a new large target market” states Michael Dehn, President and CEO of Fairmont Resources

VANCOUVER, BRITISH COLUMBIA–(Dec. 28, 2016) – Fairmont Resources Inc. (“Fairmont”) (TSX VENTURE:FMR) is pleased to announce it has received an extension to complete the payment for Granitos de Badajoz (“Grabasa”) until February 22, 2017 from the Spanish Court in Badajoz.

“We are optimistic that a financing solution is close at hand for completing the acquisition of Grabasa. With imports increasing 10.9% for worked granite into the United States from Spain in the 3rd Quarter 2016 versus 3rdQuarter 2015 when other countries have seen large decreases, other than China, we see an acceptance of Spanish product into the United States market, and for Grabasa this is a new large target market” states Michael Dehn, President and CEO of Fairmont Resources.

The U.S. imports of Worked Granite (sawn, one-side polished), a key product produced at Grabasa when last in operation, have generally fallen for most producing nations other that Spain where there was a 10.9% increase, and China where there was a 0.3% increase.

WORKED GRANITE: U.S. IMPORTS
(metric tons)
3Q 2016 3Q 2015 Change
TOTAL 420,616 526,118 -20.1%
Top Sources
Brazil 201,838 250,122 -19.3%
China 100,419 100,168 0.3%
India 64,084 76,819 -16.6%
Spain 17,954 16,191 10.9%
Italy 12,560 28,019 -55.2%
Canada 10,340 46,439 -77.7%
Source: U.S. International Trade Commission, Stone Update analysis

(From: December 26, 2016, stoneupdate.com)

About Fairmont Resources Inc.

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have displayed exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

On behalf of the Board of Directors,

Michael A. Dehn
President and CEO, Fairmont Resources Inc.
Tel:647-477-2382
[email protected]
http://www.fairmontresources.ca/

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s ability to complete the proposed private placement financing, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

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.

Doren Quinton
President QIS Capital
250-377-1182
[email protected]
www.smallcaps.ca

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American Creek Resources Reports on Treaty Creek JV Project Exploration $AMK.ca

Posted by AGORACOM-JC at 9:11 AM on Wednesday, December 28th, 2016

Hublogolarge2 copy

  • Hole E-16-05 intersected intermittent values of gold from near surface to a depth of 276 metres, including 0.459 g/t Au over 15m from 27m to 42m, 0.473 g/t Au over 16.5m from 172.5m to 189m, and 0.438 g/t Au over 12m from 264m to 276m
  • Results of the 2016 program, along with the final MT survey report and analysis, once received, will be instrumental in identifying high potential drill targets for the upcoming 2017 exploration program

CARDSTON, ALBERTA–(Dec. 28, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that operator Tudor Gold Corp. (“Tudor”) has released the assays for the remaining five holes at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack project.

As previously announced on October 28, 2016, hole CB-16-03 resulted in the discovery of a significant new gold zone including the best mineralized intersection (338 meters of 0.70 g/t gold) discovered to date at Treaty Creek. The hole was drilled 870 meters northeast of discovery hole CB-09-14 drilled by American Creek in 2009 which included 241 meters of 0.80 g/t gold. Hole CB-16-03 along with holes CB-16-02 and CB-16-02 were drilled on the Copper Belle zone (west side of the Treaty Glacier). All three 2016 holes on the Copper Belle zone hit wide intervals of gold mineralization.

Four additional holes were drilled on the east side of the Treaty Glacier in the Treaty Gossan area and the last hole was drilled on the Eureka zone. These holes provided critical information that will be utilized in interpreting both the geology and the Magnetotelluric (MT) survey data. Hole E-16-05 intersected intermittent values of gold from near surface to a depth of 276 metres, including 0.459 g/t Au over 15m from 27m to 42m, 0.473 g/t Au over 16.5m from 172.5m to 189m, and 0.438 g/t Au over 12m from 264m to 276m.

The results of the 2016 program, along with the final MT survey report and analysis, once received, will be instrumental in identifying high potential drill targets for the upcoming 2017 exploration program.

Darren Blaney, American Creek CEO stated: “The 2016 Treaty program has successfully laid the foundation for the upcoming 2017 program. Tudor has extended the known mineralization at Copper Belle, found a significant new gold zone, and extended gold intervals to depth. The three holes at Copper Belle are all in close proximity to the “discovery contact” discussed in the 2014 Kyba/Nelson BC Geological Survey report, to the Sulphurets thrust fault, and to clastic sequencing (Turbidites) found just up the ridge from the drilling. According to the report, these three things in combination increase the chances of “being in the right neighborhood of BC’s next big deposit.” We believe the results thus far at Treaty Creek are the beginning of that discovery process.”

The Qualified Person under NI 43-101 for the Treaty Creek exploration program and the technical data in this news release is James Hutter, P.Geo.

The Treaty Creek Project is a joint venture between Tudor, American Creek and Teuton Resources Corp. (“Teuton”). Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% fully carried interests in the property (carried until a production notice is given).

American Creek is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

Information relating to the Corporation is available on its website at www.americancreek.com.

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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

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Marijuana Company of America Has Engaged Auditing Firm to Prepare for Move to Fully Reporting Public Company $MCOA.us

Posted by AGORACOM-JC at 10:00 AM on Tuesday, December 27th, 2016

15233 mcoa

  • Engaged L&L CPAs, PA as its independent audit firm to complete a two-year audit of the Company’s financial statements as part of the process of preparing to become a fully reporting public company with the intent of uplisting to a higher reporting exchange
  • Newly engaged auditors are working together with the Company’s legal counsel to complete the necessary procedures to file a registration statement with the Securities and Exchange Commission

BONSALL, CA–(Dec 27, 2016) – MARIJUANA COMPANY OF AMERICA INC., (“MCOA” or the “Company”) (OTC PINK: MCOA), an innovative cannabis and hemp marketing, consulting and distribution company, has engaged L&L CPAs, PA as its independent audit firm to complete a two-year audit of the Company’s financial statements as part of the process of preparing to become a fully reporting public company with the intent of uplisting to a higher reporting exchange.

The newly engaged auditors are working together with the Company’s legal counsel to complete the necessary procedures to file a registration statement with the Securities and Exchange Commission. When completed and filed with the Commission, this will represent a significant step toward our efforts to enhance long-term shareholder value, while attracting a broader and more diverse shareholder base.

“Our goal is to be a fully transparent reporting public company,” said the Company’s CEO, Donald Steinberg. “As we grow and take these major steps, we want our shareholders to be well-informed about our plans and our progress. By becoming a fully-reporting, transparent public company, we may be better positioned to enhance stock liquidity and attract institutional investors, which will fundamentally enhance the value of our Company.”

Once the audit is completed over the next several months, the Company will have a better idea which stock exchange is most appropriate for the Company. “Our goal is to be fully reporting on the most reputable exchange we qualify for, so our shareholders have all the information they need to follow our progress in detail,” said Mr. Steinberg.

L&L CPAs, PA is registered with the PCAOB and is experienced in conducting audits of public companies in the cannabis industry. Completing this audit will help ensure the accuracy and completeness of the Company’s financial information, and also help to identify and strengthen internal controls over financial reporting.

About Marijuana Company of America Inc.

Marijuana Company of America (“MCOA”) is a publicly traded company headquartered in Southern California. MCOA will distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis.

SAFE HARBOR STATEMENT:

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
Harmoneous.com
agoracom.com/ir/MarijuanaCompanyofAmerica

Investor Relations
888-777-4362
[email protected]

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Explor Closes a First Tranche of a Maximum of $1 Million Private Placement in Flow-Through Shares

Posted by AGORACOM-JC at 4:16 PM on Friday, December 23rd, 2016

Exs logo

  • Closing of a first tranche of a non-brokered private placement of a maximum of 11,764,705 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000 
  • First tranche of the Private Placement closed today consists in the sale of 7,058,824 flow-through shares for an aggregate subscription of $600,000.

ROUYN-NORANDA, QUEBEC–(Dec. 23, 2016) – Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or the “Corporation“) announces the closing of a first tranche of a non-brokered private placement of a maximum of 11,764,705 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000 (the “Private Placement“). The first tranche of the Private Placement closed today consists in the sale of 7,058,824 flow-through shares for an aggregate subscription of $600,000.

The net proceeds from the Private Placement will be incurred by the Corporation in exploration expenditures on mining properties located in the province of Québec.

In connection with the Private Placement, the Corporation will pay to an arm’s length finder, finder’s fees representing a cash amount equal to 8% of the subscribed amount through the finder, and non-transferrable finder’s warrants entitling to purchase such number of common shares of the Corporation equal to 8% of the aggregate number of shares subscribed through the finder. These finder’s warrants will be exercisable at a price of $0.085 per common share, up to 24 months from the closing date.

The securities issued pursuant to the first closing of the Private Placement are subject to a hold period of four months and a day ending April 24, 2017. The Private Placement is subject to the final approval of the TSX Venture Exchange.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This press release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources 46company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows: 
 Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
 Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
 Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
 Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Explor Resources Inc.
Christian Dupont
President
819-797-1870
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com

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HPQ Silicon Announces Closing of Over-Subscribe Private Placement $HPQ.ca

Posted by AGORACOM-JC at 4:02 PM on Friday, December 23rd, 2016

Hpq large

  • Completed its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 6,448,211 units at $0.14 per Unit for gross proceeds of $902,750

Montreal, Quebec, Canada / December 23, 2016 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to inform its shareholders that it has completed its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 6,448,211 units (“Unit”) at $0.14 per Unit for gross proceeds of $902,750. The Net proceeds of the placement will be used for the placement fees; legal expenses; on-going business development costs related to the development of HPQ – 200 TPY R&D Solar Grade Silicon Metal PUREVAP(TM) Quartz Reduction Reactor Pilot Plant and general corporate expenses.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals.

Mr. Daryl Hodges, a Director of HPQ Silicon Resources Inc, through a wholly owned company, Ladykirk Capital Advisors Inc and Personally have subscribed to 200,000 Units and 100,000 Units, respectively. Following the completion of the Private Placement, Mr. Hodges and Ladykirk Capital Advisors Inc., taken together will beneficially own or exercise control or direction over, directly or indirectly on 1,537,500 Common Shares representing approximately 0.99% of the issued and outstanding Common Shares of the Company.

The participation of each of Mr. Hodges in the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and Policy 5.9 -Protection of Minority Security Holders in Special Transactions of the Exchange. In connection with this related party transaction, the Company is relying on the formal valuation and minority approval exemptions of respectively subsection 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the portion of the Private Placement subscribed by Mr. Hodges does not exceed 25% of the Company’s market capitalization. The Private Placement, including Mr Hodges participation, has been approved by the Board of directors of the Company, with Mr. Hodges abstaining.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: ” The demand for the placement was such that 72% of the over allocation potential mention in the December 13 press release was taken, and more would have been taken were not for the fact that we closed the PP today. This funding provides HPQ-Silicon the resources and flexibility to continue the development of the Pilot Plant project with PyroGenesis while simultaneously continuing ongoing discussion with Government based agencies that are demonstrating an interest in the PUREVAP QRR potential..”

In connection with the placement the Company paid a cash finder’s fee of $4,961 and issued 35,440 warrants to Foster & Associates Financial Services Inc. of Toronto, Ontario. Each warrant, and any share purchased through the exercise of the warrants have the mandatory four (4) month holding period from the date of closing of the placement and give the right to purchase one (1) common share at 25.0 cents for 24 months.

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.

Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

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 under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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

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

For further information contact

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

Symbol: TSX.V: HPQ

Symbol: FWB: UGE

Symbol: OTCPink: URAGD

Shares outstanding: 148 605 845

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Fairmont Resources Inc. (TSX-V: FMR) Announces Proposed Private Placement Financing of Flow-Through and Non-Flow-Through Units $FMR.ca

Posted by AGORACOM-JC at 11:45 AM on Thursday, December 22nd, 2016

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  • Proposed non-brokered private placement financing of up to 2,142,857 units at a price of $0.07 per NFT Unit
  • Gross proceeds of up to $150,000 and a minimum of 1,250,000 and maximum of 1,875,000 units at a price of $0.08 per FT Unit for gross proceeds of up to $150,000

VANCOUVER, BRITISH COLUMBIA–(Dec. 22, 2016) – Fairmont Resources Inc. (“Fairmont”) (TSX VENTURE:FMR) is pleased to announce a proposed non-brokered private placement financing of up to 2,142,857 units (the “NFT Units”) at a price of $0.07 per NFT Unit for gross proceeds of up to $150,000 and a minimum of 1,250,000 and maximum of 1,875,000 units (the “FT Units”) at a price of $0.08 per FT Unit for gross proceeds of up to $150,000.

Each NFT Unit will be comprised of one common share of Fairmont and one common share purchase warrant (a “NFT Warrant”), with each NFT Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issue. Each FT Unit will be comprised of one flow-through common share of Fairmont (of which $0.072 of each flow-through common shares will be committed to qualifying expenditures) and one common share purchase warrant (a “FT Warrant”), with each FT Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issue.

Subject to TSX Venture Exchange approval, Fairmont may pay a finder’s a fee in cash and/or warrants. The finder’s warrants will be on the same terms as the Warrants under the private placement.

Closing of the private placement is subject to TSX Venture Exchange approval.

The proceeds from the private placement will be used for work on Fairmont’s properties and general working capital purposes.

About Fairmont Resources Inc.

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

On behalf of the Board of Directors,

Michael A. Dehn, President and CEO, Fairmont Resources Inc.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s ability to complete the proposed private placement financing, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

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.

Michael A. Dehn
President and CEO, Fairmont Resources Inc.
647-477-2382
[email protected]
www.fairmontresources.ca

Doren Quinton,
President QIS Capital
250-377-1182
[email protected]
www.smallcaps.ca

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AGORACOM Welcomes AIM Exploration (AEXE: OTCQB) Exploring Anthracite Coal, The Highest Quality Metallurgical Coal Available $AEXE.us

Posted by AGORACOM-JC at 11:09 AM on Wednesday, December 21st, 2016

  • Coal is the world’s largest source of energy for the production of electricity.
  • 1 billion tons of coal used in global industrial steel production each year.
  • There are zero alternatives to coal in the industrial steel-making process.

Anthracite Coal

What Is It and Why This Is So Important?

Anthracite is officially classified as coal however it is not just another fuel, anthracite should not be confused with just ordinary bituminous coal. Anthracite is the highest quality metallurgical coal available, clean burning, hard coal with the highest carbon content of any coal, very energy efficient and even burns smoke free. This premium coal represents only 1% of world coal reserves.

The Cleanest Burning Solid Fossil Fuel

Anthracite is an almost pure form of carbon. It has a very high heat value, and very low levels of sulphur and other impurities. This makes it not only the most sought after home heating fuel but also a much sought after, high quality component for a number of industries. The anthracite coal extracted from the AIM coal concessions in Peru have been tested by the world-wide highly regarded SGS labs and the findings indicate a very high fixed carbon, very low ash and sulpher content with a high calorific value. AIM would be pleased to provide the analysis upon request.

Why Does the World Need Anthracite Coal?

As a result of its attributes, anthracite coal trades at prices substantially higher than thermal coal and has a lower environmental impact. High quality anthracite is increasingly sought for by the steel industry, always under pressure to reduce costs and improve margins. Metallurgical coal together with iron ore is the principal raw materials used to make steel. As such, it supports an improved quality of life for all of us through its use in the construction of homes and hospitals, and in the production of everything from mass transportation vehicles to wind turbines. Due to its high carbon content and low volatiles, anthracite is more reactive and efficient with respect to energy released than the lower–ranked coals and consequently has a lower environmental impact due to the lower greenhouse gas emissions.

The industry most commonly associated with anthracite is the steel industry.

Within the steelmaking industry, anthracite is used in three processes

  1. Pulverized coal injection
  2. Basic Oxygen Steel
  3. Electric Arc Furnaces

 

Present Activities

 

  • Anthracite Samples from AIM's PropertyAssets encompass 1,000 hectares of mining concession property consisting of three sites of 600, 200 and 200 hectares respectively.
  • Percana SA initially acquired these properties based on indications of the presence of high grade anthracite coal. Illegal artisan miners are currently operating multiple one-entry mines on the property, which further indicates the presence and mine-ability of these deposits.
  • To verify the geology and quality of the coal, Percana SA commissioned local geologists to compile a technical report on the 1,000 hectares. Although the report yielded optimistic estimates of resources, reserves and economics, it does not meet public reporting standards.

LOCATION

 

  • located in Huaranchal, which is one of ten districts in the province of Otuzco.
  • Two-hour drive from Trujillo (the second largest city in Peru), and an equal distance to the city of Otuzco.
  • Also strategically located 200km from Salaverry, which features a port that can service ships with capacities of up to 35,000 tons. The Port of Salaverry provides direct access to the Pacific Ocean.

 

INFRASTRUCTURE

Water A river adjacent to the property provides access to water for mining operations. However, most of the coal on the property may be extracted with minimal or no coal washing. Power Power lines cut through the property, although Aim is yet to ascertain the capacity of these lines. The company expects to use diesel powered equipment for most of its mining activities. Roads The first half of the road from the property to Otuzco is along steep mountainsides and can support 25-ton trucks. The next half of the road to Otuzco is better maintained and can also support 25-ton trucks. The road from Otuzco to the Port of Salaverry is well constructed, paved, and has bridges that can support up to 50-ton loads. This will facilitate smooth hauling of coal to the port.   Besides accessibility to water, transportation and electricity, there are also small villages on the property with ample accommodations and restaurants to service exploration crews and other travelers.

Market Potential

  • Highly desirable resource with a variety of uses. I
  • Primarily used in the manufacturing of steel, the production of cement, and the generation of electricity.
  • 70% of the steel produced globally relies on coal (World Coal Association, 2013); 200kg of coal is required to produce one ton of cement (Van Oss, 2012); and 41% of global electricity production relies on coal (Clemente, 2012).
  • Highest ranking coal because it is older and harder, contains more carbon, has lower moisture content, and burns hotter than any other type of coal. Comprising only 1% of global reserves, anthracite is also the cleanest burning fossil fuel on the planet (Cornerstone, 2013).

Once the joint venture with Prina Energy Aim intends to sell its output to international customers through the joint venture corporation concentrating the marketing efforts in India.

  • Unavailability of Anthracite Coal in India creates a huge potential for coal as a fuel for Indian Steel industry, which is growing on progressive and steady pace.
  • Huge scope for growth is offered by India’s comparatively low per capita steel consumption and the expected rise in consumption due to increased infrastructure construction and the thriving automobile and railways sectors.

Competitive Advantage

Aim has a variety of advantages. The company has a team of technical experts on ground in Peru, and has also recruited advisors and directors who bring complementary skills to the venture. In terms of infrastructure, power lines run through Aim’s property, while a river runs adjacent to the site. The road network from the site to Otuzco can support 25-ton trucks. From Otuzco to Salaverry, the road is paved and well maintained, and can support up to 50-ton trucks. There are also accommodation facilities close to the property that can cater to Aim employees and contractors. Other advantages include competitive labour wages in Peru, and competitive storage and stevedoring costs at the port together with the ability to extract deposits with minimal or no coal washing.

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