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Oman’s Construction Market To Remain Robust From 2015-18; Top Ongoing Projects In Oman
Posted by
at 11:05 AM on Thursday, August 13th, 2015
Avalon Receives Continued Listing Standards Notice from NYSE
Posted by
at 5:09 PM on Wednesday, August 5th, 2015
- Company’s continued listing is contingent upon the Company effecting a share consolidation within a reasonable period of time or upon a sustained increase in its share price.
- A potential share consolidation, if required, will need to be approved by the Company’s shareholders at the Company’s next annual general meeting currently planned for February, 2016
Toronto, ON — Avalon Rare Metals Inc. (TSX and NYSE MKT: AVL) (the “Companyâ€) has received a letter from NYSE MKT LLC (“NYSE MKT” or the “Exchange”) dated July 30, 2015 which states that due to the Company’s recent low selling share price, it has been deemed to be not in compliance with the continued listing standards of the Exchange. Pursuant to Section 1003(f)(v) of the Exchange’s Company Guide, the Company’s continued listing is contingent upon the Company effecting a share consolidation within a reasonable period of time or upon a sustained increase in its share price. A potential share consolidation, if required, will need to be approved by the Company’s shareholders at the Company’s next annual general meeting currently planned for February, 2016.
About Avalon Rare Metals Inc.
Avalon Rare Metals Inc. is a mineral development company focused on rare metal deposits in Canada, with three advanced stage projects. Its 100%-owned Nechalacho Deposit, Thor Lake, NWT is exceptional in its large size and enrichment in the scarce “heavy†rare earth elements, key to enabling advances in clean technology and other growing high-tech applications. Avalon is also advancing its Separation Rapids Lithium Minerals Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.
For questions and feedback, please e-mail the Company at [email protected], or phone Don Bubar, President & CEO at 416-364-4938.
Cautionary Statement
This news release contains “forward-looking statements†within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the continued listing of the Company’s securities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “potentialâ€, “scheduledâ€, “anticipatesâ€, “continuesâ€, “expects†or “does not expectâ€, “is expectedâ€, “scheduledâ€, “targetedâ€, “plannedâ€, or “believesâ€, or variations of such words and phrases or state that certain actions, events or results “mayâ€, “couldâ€, “wouldâ€, “might†or “will be†or “will not be†taken, reached or result, “will occur†or “be achievedâ€. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Avalon to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. Although Avalon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to market conditions, as well as those risk factors set out in the Company’s current Annual Information Form, Management’s Discussion and Analysis and other disclosure documents available under the Company’s profile at www.SEDAR.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.
CLIENT FEATURE: Urban Barns (URBF: OTCQB) Capitalizing on Evolution of Cubic Farming
Posted by
at 11:47 AM on Wednesday, August 5th, 2015
What is Cubic Farming?
-
A revolution in Controlled Environment Agriculture (CEA)
-
Propriety, patent-pending, looped conveyer growing system
-
Advanced uniform LED technology
-
Automated watering and nutrients
-
Optimal conditions for crops to transition from seeds to maturity through pre-set germination, growing and harvesting phases.
Why Urban Barns Foods?
- Unknown story due to no previous IR = best opportunity to get in
- Tier-1 Customers = Commercial Acceptance
- 320 square feet = 3 acres of farm production
- $6M Market Cap = Great Risk/Reward
- Watch this video clip to see what production looks like
- Watch this video clip to see what the Executive Chef at Chateau Frontenac has to say
Marquee Customers Include:
Strong Institutional Ownership, 39% Owned By:
Modern Agriculture Needs Green Innovation
The Cubic Farming Advantage
-
100% controlled environment
-
Growing 365 days a year
-
No pesticides, herbicides or fungicides
-
No GMOs
-
Minimal water requirements
-
Superior nutritional values
-
Longer shelf life
-
Consistency
Consumers Demand Clean Food
-
Globally, the BFY (BETTER FOR YOU) food category is projected to grow by 25% to over $199.8 billion in 2015.
-
GMOs, a major concern for North American consumers
-
72% of consumers say it is important to avoid GMOs when they shop
-
40% of consumers say they look for non-GMO claims on food
-
Natural & clean foods are increasingly mainstream
-
Not only for higher income, most educated privileged segment. It is becoming a social movement.
Urban Barns Is the Solution
12 Month Stock Chart
 
Medical marijuana could be covered by insurance, experts say
Posted by
at 5:38 PM on Monday, July 27th, 2015
New rules allowing the sale of cannabis oil smooth way for more controlled prescription of drug
- Canadians who have been prescribed medical marijuana could one day see their insurance company footing the bill, experts predict, following the introduction of new Health Canada rules that allow for the sale of cannabis oils.
By Alexandra Posadzki, The Canadian Press Posted: Jul 27, 2015 10:30 AM ET Last Updated: Jul 27, 2015 2:21 PM ET
If marijuana had a DIN number, like other drugs, insurance companies might cover the costs. (Siavash Dezvareh/CBC)
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Health Canada announced revamped medical marijuana regulations earlier this month after the Supreme Court of Canada ruled that users of the drug should be permitted to consume it in other forms, such as oils and edibles, rather than having to smoke dried buds.
- Medical marijuana producers OK’d to produce, sell oil and fresh buds
- Medical marijuana prescribing by doctors felt to be unclear
“You’re going to see insurance companies slowly start to creep into the sector,” says Khurram Malik, an analyst at Jacob Securities Inc., noting that the new regulations will allow medical marijuana producers to sell gel caps similar to those made from cod liver oil.
That will allow for more precise dosing, Malik says.
“When you’re trying to smoke a plant you have no idea how much you’re consuming, so that makes doctors a little nervous,” he said.
Legitimizing the drug
Experts say the changes are a major step towards legitimizing the drug in the eyes of doctors and insurers.
“When something doesn’t look different than other medicines, it becomes much easier for people to get comfortable with the idea that this is, in fact, a possible treatment option for patients,” says Bruce Linton, the chief executive of Smiths Falls, Ont.-based Tweed Marijuana Inc.
However, medical marijuana producers still have one major hurdle to overcome before insurers begin routinely funding the drug — cannabis currently doesn’t have a drug identification number, known as a DIN.
“If it was issued a DIN by Health Canada, it’s quite likely that the insurance companies would cover it,” says Wendy Hope, a spokeswoman for the Canadian Life and Health Insurance Association Inc.
“To obtain a DIN, the new form of medical marijuana would need to go through the full Health Canada approval process like any new drug.”
As it stands, most insurance companies don’t routinely cover medical marijuana. But some insurers, including Manulife, say they will consider making an exception if the employer has specifically requested it for one of its employees.
Up to the employer
“It’s up to the employer to ask if they want to have it covered,” says Hope.
Earlier this year, Sun Life agreed to pay for a University of Waterloo student’s medical marijuana prescription through his student health plan after the student union went to bat for him. Jonathan Zaid, 22, uses the drug to combat a syndrome called new daily persistent headache.
Some health insurance companies may pay for medical marijuana through a health spending account, says Hope. But, she adds, “my understanding is it doesn’t happen often.”
Malik says the primary reason why medical marijuana doesn’t have a DIN is a lack of rigorous, clinical research on its efficacy.
“The evidence is very circumstantial — not your typical 10-year, double-blind study that doctors and big pharmaceutical companies like to see,” Malik said.
He suspects that’s about to change.
Need for DIN numbers
“You’re going to see a lot of Canadian companies partnering up with universities overseas that are a little more progressive than the ones we have here, at least in this space, to drive this research forward and legitimize it in the eyes of doctors and get DIN numbers on these things,” Malik said.
Malik says there is a financial incentive for insurers to pay for medical marijuana, rather than shelling out for pricier chronic pain drugs such as opiates.
“From a dollars and cents standpoint, if marijuana is the same thing as a narcotic opiate, they would much rather cover marijuana because they’re in the business to make money,” Malik said.
-by-insurance-experts-say-1.3168940
Lithium demand from Electric Vehicles, “EVs,” alone could grow 30% annually for years to come
Posted by
at 12:38 PM on Thursday, July 23rd, 2015
Lithium demand from Electric Vehicles, “EVs,” alone could grow 30% annually for years to come
Jul 17, 2015 | Posted by: Peter Epstein
- Conventional wisdom seems to say that overall lithium demand will grow by 8%-12% annually
- Everything’s going electric, lithium-ion batteries large & small will reign supreme
A short time ago, manufactures released hybrid gasoline-electric cars so that they could claim to be green companies. That has completely changed, now the race is on for market share, volumes and profits.
I’m on record as stating that demand for lithium will grow faster than most believe. Conventional wisdom seems to say that overall lithium demand will grow by 8%-12% annually. I understand why that range has been adopted, it’s already a fast growth rate by historical standards. Commodity and natural resource demand is frequently said to increase at, “the rate of GDP growth.” I wonder which country’s GDP rate is being referred to, hopefully not the U.S. A prime reason for my bullishness on lithium demand, with overall growth closer to 20% a year, is that Tesla is attracting A LOT of attention and competition. I will spare readers the obligatory rattling off a list of Tesla’s growing competition. But there’s much more to the story than Tesla.
I believe that hybrid and plug-in hybrid vehicles will be phased out sooner rather than later. Any manufacturer that can’t deliver a full EV within the next 2-4 years might as well start working on flying cars, previously known as airplanes. This paradigm shift to EVs is not 5-10 years away, it’s right around the corner. Hundreds of millions or even billions of dollars are deployed on new car platforms, why would it be any different for the builders of EVs? A short time ago, manufactures released hybrid gasoline-electric cars so that they could claim to be, “green” companies. That’s completely changed, now the race is on for market share, volumes and profits.
RANGE ANXIETY!!
“Range anxiety.” That’s the cool way of saying that prospective buyers of EVs are on the fence, until they’re confident that a massive infrastructure of electric charging stations is in place. Guess what? That’s nonsense. According to the U.S. Department of Transportation, average daily driving per capita is about 40 miles. Commuters that drive 100-150 miles or more round trip are the exception, not the rule. Does 40 miles per day sound too low? That’s the U.S. average, the range around that average is probably fairly large. Take for example city dwellers that don’t drive daily.
If one were talking about natural gas stations, “range anxiety” would be a serious concern. Recall that T. Boone Pickens has been calling for the replacement of gasoline and diesel fueled cars with cleaner burning natural gas. In that highly unlikely scenario there would have to be a huge build out of natural gas stations. Not so with EVs. Electric Vehicles won’t require an epic rollout of thousands upon thousands of charging stations. As EVs evolve, there will be dozens of models with driving ranges in excess of 100 miles. By then, range anxiety will disappear. Instead of searching for a charging station, one’s garage electricity outlet will do the trick.
Everything’s going electric, lithium-ion batteries large & small will reign supreme
Admittedly there are occasions when long distances are called for. In this circumstance, let’s assume that a gasoline powered vehicle remains the best alternative. That still allows for EVs to potentially become 1 of the 2 vehicles in a suburban family. That equates to a staggering amount of lithium demand without the need of ubiquitous charging stations. The same will be the case for bikes, motorcycles, mail delivery vehicles and buses, (among others). That’s why I believe that the annual growth rate of lithium demand for EVs alone could be as high as 30%, a tripling in 5 years. If the fastest growing segment were to triple (30% growth annually from 2016-2020), that suggests 20% overall demand growth for lithium is not a crazy assumption.
Without range anxiety, EVs will become ubiquitous, not charging stations! This is especially true given that Nissan, Ford, GM and Toyota, (among others) will be coming out with a number of inexpensive EVs with price tags in the $20k-$25k range sooner rather than later. That’s before considering favorable State and/or Federal tax treatment. Importantly, the lower price point EVs will not necessarily use less lithium. Not if they want to achieve high milage per charge. Miles per charge will be a key determinate of customer preference. Note that inexpensive EVs will benefit as much as high end EVs, from lower annual operating expenses by plugging in instead of filling up.
Dajin Resources Corp. (DJI.V) / (DJIFF) a high risk / high return opportunity
While the available supply of lithium is difficult to forecast, and will come on-stream unevenly, demand growth for EVs alone could be two or three times that of today’s consensus. Clearly, the demand for lithium will be lower or higher than expected. Readers probably know which side of the coin I’m betting on. That’s why I like a small cap, pure-play lithium company named Dajin Resources Corp. (DJI.V) (DJIFF). Combined U.S. and Canadian trading volume is averaging roughly 625,000 shares per day. The company has no debt and a solid balance sheet. Warrant exercises have been helping to maintain adequate cash balances.
Taking a contrarian view by being substantially more bullish on lithium demand from EVs, calls for an investment approach that differs from those who follow the crowd. Following the crowd is prudent if conventional wisdom prevails. However, for those like me who believe overall demand for lithium could grow by 20% annually, (30% for EVs alone), a way to articulate a bullish position is through juniors such as Dajin Resources. Taking a contrarian view entails both higher risk and higher reward. Unlike following the crowd though, an investment in Dajin Resources could play off quite handsomely. With properties in both Nevada’s Lithium Hub, located approximately 12 km northeast of Rockwood’s decades long Nevada operations and a very large land position in Argentina’s, Lithium Triangle. This company’s tock is strongly positioned to move considerably higher upon an increase in lithium prices and/or a rebound in the morbid TSX Venture Exchange.
Disclosure:
Dajin Resources (ticker DJI.V) (DJIFF) – Mr. Epstein owns shares of this company. Investors should consult with their own advisors before making investment decisions. Mr. Epstein is not an investment advisor. The article on this company on EpsteinResearch.com should be viewed in this context. This company is highly speculative and not suitable for all investors. As of [5/1/15] Dajin Resources is a Sponsor of EpsteinResearch.com on a month-to-month basis.
The Molycorp Bankruptcy – Doom or Dawn for Rare Earth Elements?
Posted by
at 4:29 PM on Wednesday, July 22nd, 2015
- Recent bankruptcy (chapter 11) filing by Molycorp prompted many comments about the future of this market sector.
- Rare earth elements are key components in almost all technology products these days, ranging from smartphones and flat screen TVs to all sorts of electric motors, high performance metal alloys and even automotive catalysts.
- “If anything, Molycorp’s troubles are a good thing for pricesâ€, commented Matthias Rueth, president of Tradium GmbH, a large REE trader. In fact, because there is so little substitution, the market for REEs is not elastic at all in terms of demand.
By Kitco News
Tuesday July 21, 2015 10:19
The recent bankruptcy (chapter 11) filing by Molycorp, the U.S.’ only producer of rare earth elements, prompted many comments about the future of this market sector. Once an icon for independence from China for these crucial materials the company now appears to have fallen victim to a sustained period of low prices.
Rare earth elements are key components in almost all technology products these days, ranging from smartphones and flat screen TVs to all sorts of electric motors, high performance metal alloys and even automotive catalysts.
 |
| Image courtsey of Molycorp |
Analyst comments that Molycorp’s demise was in part due to substitution of rare earth elements are lacking substance, though. Despite statements by Tesla published a while ago saying the electric motors used for propulsion of their Model S are free from REEs, there are plenty of REEs in many other places of the car (power windows, power tailgate, electric seat adjustment, power mirrors, speakers, cameras, sensors,… ect.).
Even comments talking about “the end of the line†for Molycorp seem inaccurate. Only the company’s North American operation is affected by the chapter 11 filing; plants in other parts of the world remain untouched, at least for the time being. The company also reports on its website that short-term financing has been obtained, making a debt restructuring plan and return to normal operation a possibility.
“If anything, Molycorp’s troubles are a good thing for pricesâ€, commented Matthias Rueth, president of Tradium GmbH, a large REE trader. In fact, because there is so little substitution, the market for REEs is not elastic at all in terms of demand. After the price explosion in 2010, more new operations were encouraged to add capacity than was healthy for the market. As a result, prices plummeted in subsequent years to all-time lows.
Recent months did, however, see a much improved conscience in China with respect to environmental and safety issues leading to higher production costs that are now more in line with international levels. On top, China restructured its taxes and tariffs to comply with WTO rulings. The country also shut down some illegal mines, leading to increased legal export volumes. All signs indicate that China is regaining control over this market, which – if successful – would have a positive impact on prices.
Markets will continue to be cyclical but growing. The premise remains: in the absence of non-physical markets for REEs, investing in this exciting group of metals will remain a matter of long term strateiges.
Bodo Albrecht
President – BASIQ Corp.
www.basiq.com
www.bodoalbrecht.com
CLIENT FEATURE: Urban Barns (URBF: OTCQB) Capitalizing on Evolution of Cubic Farming
Posted by
at 2:31 PM on Monday, July 20th, 2015
What is Cubic Farming?
-
A revolution in Controlled Environment Agriculture (CEA)
-
Propriety, patent-pending, looped conveyer growing system
-
Advanced uniform LED technology
-
Automated watering and nutrients
-
Optimal conditions for crops to transition from seeds to maturity through pre-set germination, growing and harvesting phases.
Why Urban Barns Foods?
- Unknown story due to no previous IR = best opportunity to get in
- Tier-1 Customers = Commercial Acceptance
- 320 square feet = 3 acres of farm production
- $6M Market Cap = Great Risk/Reward
- Watch this video clip to see what production looks like
- Watch this video clip to see what the Executive Chef at Chateau Frontenac has to say
Marquee Customers Include:
Strong Institutional Ownership, 39% Owned By:
Modern Agriculture Needs Green Innovation
The Cubic Farming Advantage
-
100% controlled environment
-
Growing 365 days a year
-
No pesticides, herbicides or fungicides
-
No GMOs
-
Minimal water requirements
-
Superior nutritional values
-
Longer shelf life
-
Consistency
Consumers Demand Clean Food
-
Globally, the BFY (BETTER FOR YOU) food category is projected to grow by 25% to over $199.8 billion in 2015.
-
GMOs, a major concern for North American consumers
-
72% of consumers say it is important to avoid GMOs when they shop
-
40% of consumers say they look for non-GMO claims on food
-
Natural & clean foods are increasingly mainstream
-
Not only for higher income, most educated privileged segment. It is becoming a social movement.
Urban Barns Is the Solution
Brazilian and North American fertilizer demand to rally
Posted by
at 12:56 PM on Monday, July 20th, 2015
- Global fertilizer demand set to recover in the second half of 2015
- PotashCorp reported that it expects the recent rise of global planted acreages to slow
- Brazilian fertilizer purchases “are expected to accelerate in the third quarter and could lead to a more condensed delivery period”
Global fertilizer demand is set to recover in the second half of 2015, as farmer demand from North America and Brazil recovers, Canadian producer PotashCorp has said.
PotashCorp also reported that it expects the recent rise of global planted acreages to slow, as agricultural commodity markets cool.
North American potash demand is expected to rise as farmers address a mounting deficit in application.
Brazilian potash demand is expected to accelerate ahead of the country’s main planting season, helped by a recent improvement in crop prices, and a recently announced farm credit programme.
Improved demand
“Following a slower start in Brazil, we anticipate potash imports will accelerate during the third quarter,” PotashCorp said.
Brazilian fertilizer purchases “are expected to accelerate in the third quarter and could lead to a more condensed delivery period,” PotashCorp Said.
“Potash demand in Brazil slowed in first-half 2015 as farmers were concerned about weaker crop prices, the lower purchasing power of the Real and delayed credit availability from the government,” the report said.
The same dynamics will be seen in urea, with imports improving in the third quarter of 2015, in line with the same time last year, when imports reached a record 4m tonnes over the year. Brazilian phosphate imports are also seen rising next quarter.
Tentative buyers
North American demand is also expected to rise against the first half of the year, leaving full year sales down from the record 63m tonnes achieved in 2014 but remaining “at historically strong levels”.
“In North America, demand was lower in the first half of 2015 but is expected to be similar to historical levels in the second half”, the report said.
“Buyers were tentative in the first half as the spring application window was shortened and farmers weighed the impact of lower crop prices,” the report said, also noting record offshore imports pressuring North American producer sales.
“We expect healthy demand in the second half as crop prices have improved and farmers look to replenish soil nutrients after recent large harvests,” said PotashCorp.
Mounting deficit
The increased North American demand is driven by a mounting potash deficit.
PotashCorp notes that application rates have held steady in North America over the past 30 years, while yields per acre have increased significantly thanks to the use of higher-yield cultivars.
As a result of this, PotashCorp estimates that since 2010, the depletion of potash in US farmland soil has exceeded application by more than 7m short tons per year.
“Closing this gap would require farmers to nearly double application rates compared to current levels,” PotashCorp said.
The group notes application deficits across US growing regions, with the largest in the Central Plains.
“Relatively large potash application deficits were found in most major crop producing regions of the US,” the report said.
Farmland growth to ease
PotashCorp also noted that expects the rate of increase in global planted acreages to slow.
By breaking new ground, and by double and triple cropping existing ground, PotashCorp reports that farmers have added over 160 million planted acres to agricultural production in the past ten years, “an area similar to that of the US corn and soybean crop”.
“In response to rising global demand and higher crop prices, farmers have increased planted acreage over the past decade,” PotashCorp said.
As global commodity prices slow, PotashCorp expects that the rate of increase in planted area could slow, and “some marginal acreage could be removed from production”.
Chinese demand
In China, PotashCorp expects “strong farmer affordability and agronomic need will continue to have a positive impact on potash demand in 2015”.
Supply contracts to China have already been negotiated by the North American potash cartel Canpotex, of with PotashCorp is a member.
Canpotex has also signed supply deals to Indian groups, where PotashCorp expects “continued growth in 2015”.
PotashCorp estimates Indian imports at 5m tonnes over the whole 2015.
Kharif planting
The group reports that India’s monsoon “got off to a strong start in June, which supported Kharif crop planting and fertilizer demand”.
Kharif crops, usually grains and pulses, are planted with the start of the monsoon rains.
PotashCorp expects Indian urea imports to slow from the recent rapid pace, but leaving 2015 purchases well above last year.
India is expected to import over 5m tonnes of diammonium phosphate in 2015, compared to 3.6m in 2014.
Source: http://www.agrimoney.com/news/brazilian-and-north-american-fertilizer-demand-to-rally–8586.html
Liberty Star Announces Voting Results for Its Annual & Special Meeting of Shareholders
Posted by
at 5:22 PM on Thursday, July 16th, 2015
- Total of 882,574,397 shares representing 75.97% of the issued and outstanding shares as of the Record Date (June 9, 2015) were voted at the Meeting
- All nominated directors were elected, shareholders voted for the ratification of the appointment of MaloneBailey LLP as the Company’s independent registered accounting firm (auditors)
Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€) (OTCQB: LBSR) is pleased to announce the voting results from its 2015 Annual & Special Meeting of Shareholders (the “Meetingâ€).
A total of 882,574,397 shares representing 75.97% of the issued and outstanding shares as of the Record Date (June 9, 2015) were voted at the Meeting.
All nominated directors were elected, shareholders voted for the ratification of the appointment of MaloneBailey LLP as the Company’s independent registered accounting firm (auditors), and shareholders voted for amending the Company’s articles of incorporation to increase the number of authorized shares from 1,250,000,000 to 6,250,000,000. Two advisory votes were considered: shareholders voted for the approval of a non-binding advisory vote on the compensation of our named executive officer, and voted for a non-binding advisory vote that the compensation of our named executive officers should be held every three years.
Voting totals and Minutes of the Meeting will be posted to http://www.libertystaruranium.com/ soon.
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150716006458/en/
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR
UBR Closes Additional Financing for Work Program to Evaluate Potential of its High Purity Quartz Deposits
Posted by
at 12:10 PM on Thursday, July 16th, 2015
- Announced that it has closed on July 16, 2015 an additional non-brokered private placement comprised of 1,238,012 Flow-Though Units at $0.055 per Unit for gross proceeds of $68,090.66.
- Net proceeds from the Private Placement will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec”
Montreal, Quebec / July 16 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it has closed on July 16, 2015 an additional non-brokered private placement comprised of 1,238,012 Flow-Though Units (“Unit”) at $0.055 per Unit for gross proceeds of $68,090.66. The net proceeds from the Private Placement will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec” and our press release on April 13, 2015 in which announced “Uragold subsidiary, Quebec Quartz, signs MOU with Dorfner Anzaplan to evaluate potential of its high purity quartz deposit.”
Each Unit is comprised of one (1) common share and a half (1/2) 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 $ 0.10 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 until November 17, 2015.
The Company paid a cash finder’s fee of $6,809.06 and issued 123,801 warrants to Dundee Capital Market. Each warrants will give the right to purchase one (1) common share at 5.5 cents for 24 months.
Patrick Levasseur, President and COO of UBR stated, “We are extremely please that the developments of Quebec Quartz’s high purity quartz projects continue attracting investors interest. Our recent announcement regarding interest from a major producer in purchasing significant tonnage of our high purity quartz and our collaboration with Anzaplan are major milestones in our quartz strategy. We have started the field work required to start determining the full potential of our industry leading quartz properties.”
About UBR- Quebec Quartz
UBR- Quebec Quartz is the largest holder of distinct High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, Prices are rising, Exponential growth forecasted;
Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.
In addition to becoming a supplier of lump quartz for silicon metal production, Quebec Quartz’s objective is to transform its High Purity Quartz into Ultra High Purity Quartz Sands to generate significantly greater profits and become a leading supplier of Ultra High Purity Quartz.
About Uragold Bay Resources Inc.
Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec’s first paleoplacer mine in 50 years, the Beauce Placer Project and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.
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.
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.
For further information contact
Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO
Tel: (514) 846-3271(514) 846-3271
(514) 846-3271
(514) 846-3271
www.uragold.com