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Quebec Quartz Completes Previously Announced Exploration Program on the Montpetit Quarry, The Martinville and The Malvina Silica Properties

Posted by AGORACOM-JC at 10:41 AM on Monday, September 15th, 2014

Montreal, Quebec / September 15 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it’s wholly owned subsidiary, Quebec Quartz, has successfully finish the sampling programs over the historical quartz and quartzite showings on the Montpetit Quarry, and the Martinville and Malvina Silica properties. A map of the properties can be viewed here: http://www.uragold.com/Quebec-Quartz.php.

The Montpetit Property is located in the Monteregie Region of Quebec, some 40 km south of Montreal and 7 km south of Saint-Clotilde-de-Chateauguay. The Quebec-New-York border is 10 km from the property. The property is located on NTS map sheets 31H/04 (1:50,000 scale). Farms fields and forest, owned by private landowners, mostly cover the region.

A review of the historical work indicates that the quarry operated for one (1) year and that the deposit is composed of consolidated beach sand that was highly purified by segregation, sorting and leaching. Through natural Diagenesis, overtime the sand was transformed into a quartzite.

In 1956, six thousand (6,000) tons was mined from a 100 m long by 30 m large and 2 m deep tranche. The quartzite material mined was shipped to Electro-Metallurgical, where it averaged a SiO2 purity of 99.27% and was used to produce ferrosilicon.

The Quebec Quartz field crew, consisting of a geologist and a technician, performed the sampling program over the historical quartzite showing on the claims. The historical quarry is 100 m long by 35 m large and is inside a tabular orthoquartzite. This sandstone (Cairnside sandstone) is well spread all around the area. In order to have a good sampling spread, 5 samples were taken at different zone of the quartzite. Each quartzite layer along the stratigraphy has been sampled.


Click Image To View Full Size

Figure 1. This is a picture of Cairnside sandstone from the Montpetit Property.

The Martinville Property is located 180 km east of Montreal and 30 km south of Sherbrooke. The property is located on NTS map sheets 21E/05 (1:50,000 scale). Private forests and small farms mostly cover the region.

A review of the historical work indicates that Constelar Geosciences carried an extensive survey of the Property in 1995. This geophysics survey associated with excavation and rock sampling work done then enabled the estimation of a (non NI 43-101 compliant) quartzite resource of 1 million tons. 70% of the quartzite samples tested over 90% Si02. The quartz is found in large hydrothermal veins that were followed for 100 m.

The Quebec Quartz field team performed a sampling program over the historical the quartzite body. Three production holes have been found and many blocks had been removed from the veins. Samples were taken on different zones of the diggings. A total of 8 samples were collected in order to have representative’s samples for the area.


Click Image To View Full Size

Figure 2. This is picture of Quartz Vein samples taken from the Martinville Property.

The Malvina Property is located in the Eastern Township, some 200 km east of Montreal and 5 km from the Quebec-New-Hampshire border. The property is located on NTS map sheets 21E/03 (1:50,000 scale). Private forests and small farms mostly cover the region.

A review of the historical work indicates that the Malvina showing hosted a producing quarry in the past. At the time the quartz was mined for its whiteness.

The Malvina showing was reviewed in 1995 and the exploration campaign revealed that the mineralization appears to take place in a 15 m by 6 m lens. Samples taken indicate that high purity quartz (99.74% SiO2) is present. The mineralization seems to be linked with a post orogenic event that created several shear zone filled with hydrothermal quartz.

The Quebec Quartz field crew was successful in finding the historic quartz vein. The outcrop is a 12 m by 6 m quartz vein. The quartzite body on the Property was assayed, 3 channel samples were taken. Another quartz showing was identified to the field crew by the landowner and corresponds to an old exploitation gallery following a quartz vein. A grab sample was taken from the gallery.


Click Image To View Full Size

Figure 3. This is picture of a Quartz Vein taken on the Malvina Property

Source: Resources Naturelles du Quebec, Sigeom 2014, Work Reports GM54343, GM53695, GM03695. All information such as resources estimates and grades herewith presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

All the samples and the duplicates are blocs that range in sizes between 10cm3 to drill core size to allow thermal testing. The Company has sent all the samples collected to the INRS (Institut National de la Recherche Scientifique) laboratory in Quebec City. The INRS will prepare the samples to remove mineral contaminants caused by the sampling tools, handling and weathering. Various tests will be performed such as chemistry analysis, thermal shock, particle shape, size and distribution.

Patrick Levasseur, President and COO of Uragold stated, “we are extremely pleased that the field crew was able to find the historical quartz showings, extract samples and confirm that there still remains significant quantity of material present.” Mr. Levasseur then added, “The accessibility to the properties was exceptional and we express our gratitude to all land owners for their help and collaboration.”

To fully comply with high purity quartz industry standards, several constant parameters must be met including: 1) Chemistry; 2) Particle shape, size and distribution; 3) Hydroxyl level and; 4) Carbon content. These four characteristics are fundamental for the successful production of high purity quartz to a commercially acceptable product standard. Samples will be sent to an independent lab, silicon metal producers and specialized labs that supply high purity quartz to high tech companies.

Mr. Robert Gagnon, P. Geo, is a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release. All information such as resources estimates and grades herewith presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

About Quebec Quartz

Uragold acquired some of the most prospective historical High Purity Quartz deposits with High Purity Silica (+99.5% SiO2) (HPS) values in Quebec during Q2 2014. Quebec Quartz is a 100% own subsidiary of Uragold Bay Resources, a junior exploration company listed on the TSX Venture under the symbol UBR. Quebec Quartz holds a strategic portfolio of high purity silica (+99.5% SiO2) deposits and closed silicon metal mines in Quebec.

About Silica

Quartz is one of the most abundant minerals. It occurs in many different settings throughout the geological record. High Purity Quartz deposits with low impurities are rare. However, only very few deposits are suitable in volume, quality and amenability to tailored refining methods for specialty high purity applications.

High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

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, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing 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.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

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CLIENT FEATURE: (UBR: TSX-V) Leader in High Purity Quartz Exploration in Quebec

Posted by AGORACOM-JC at 11:55 AM on Thursday, September 11th, 2014

Why Uragold Bay Resources?

  • High Purity Silica (HPS) and Silicon Metal key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

Uragolds business model focuses on developing low-risk, low-cost gold mining operations while exploring on core properties that hold the potential of discovering world class gold deposits. The Company’s properties are located in Canada in the Appalachian region of the province of Quebec. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks.


What are High Purity Quartz and Silicon Metal?

High Purity Quartz

  • High Purity Quartz (HPQ) has a purity level in excess of 99.997% and is extremely rare.
  • Used in the semiconductor industry to produce crucibles and quartz glass products, such as windows, rods, and tubes [Source].

  • Also used in the production of silicon metal, which is the base for the semiconductor wafers, made using the Czochralski Process[Source].

  • High purity quartz deposits with low impurities are rare, world supplies are tightening and HPS prices are rising [Source ].

  • Demand for HPQ is growing with the high tech industry and the price for premium HPQ can vary between US$ 8,000 to US$ 25,000 or more per ton depending on the specifications needed for the final application [Source ].

Metallurgical Silicon Metal

  • Metallurgical Silicon Metal has a purity of 98.5% or higher and is used as an alloying agent in the aluminum industry due to its ability to increase the strength of aluminum [Source].

  • Adding Silicon Metal to aluminum alloys makes them strong and light [Source].

  • As a result they are increasingly used in the automotive industry to replace heavier cast iron components [Source].

  • Allows weight reductions and a reduction in fuel consumption [Source].

  • Demand for aluminium has increased 5% CAGR over the past 20 years [Source].

  • It has also been reported that the solar industry will have it’s first global panel shortage since 2006 [Source].

  • It has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

  • Silicon Metal with 98.50% SiO2 purity sells for about US$ 3,200 per ton (or US$ 1.45 US a pound) [Source].

Martinville, Malvina and the Montpetit Quarry Silica Properties

Company announced that it’s wholly owned subsidiary, Quebec Quartz, has initiated a work program and is starting the evaluation process of its Martinville, Malvina and the Montpetit Quarry Silica properties.

Fieldwork will first start on the Martinville property where a Historical Resource of 1,000,000 tons was declared and where samples of up to 99% SiO2 were found and then continue to the Malvina property where sample as high as 99.74% SiO2 were reported. Historical records indicate that the samples were taken from quartz vein systems described as clear white quartz with limited fracturing. Both properties are located approximately 40 km south east of Sherbrooke in the Eastern Townships of Quebec.

The Montpetit Quarry is located in Hemmingford Quebec, 70 km south of Montreal. Historical records indicate the silica mined in the 1950s from the quarry was used for ferro-silica production. In 1956, 3,000 tons of sandstone quartzite was analyzed and the average result for SiO2 was 99.27% indicating that the silica from this property could be suitable for silicon metal production. The silica is described as originating from very pure quartzite sandstone from the Cairnside geological formation

Developing Quebec’s First Placer Gold Mine

Beauce Placer Gold Project is located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec. The project has all the required environmental permits to start its operations, and is in the final stage for obtaining a 20 year mining lease for a placer gold mining operation. It will be Quebec’s first placer mine in 50 years.

The Company declared inferred resource of 23,000 oz. AU (741,000 m3 @ 0.97 g Au/ m3) on the Rang Chaussegros section. The importance of the nugget effect on the project potential is such that gold recovery could be between 23,000 (741,000 m3 @ 0.97 g Au/ m3) and 140 000 ounces (741,000 m3 @ 5.9 g Au/ m3), as per data derived from the historical mining figures.;

Developing an open pit gold mine in the Beauce

In April 2014, Uragold singed a definitive option agreement with Golden Hope Mines (“GNH”) concerning the advancement of the Bellechasse-Timmins (BT) Gold Deposit into a producing mine.

In August 2012, GNH published a resource estimate of an indicated resource of 313,900 ounces gold (2.9 million tonnes grading 3.36 g/t Au) and an inferred resource of 102,000 ounces gold (2.17 million tonnes grading 1.46 g/t Au) using a cut-off grade of 0.60 g/t. Furthermore, GNH’s many bulk-sampling campaigns revealed extensive areas of surface mineralization averaging approximately 3 g/t Au. Notable were sampled areas averaging up to 10 g/t Au (Trench 09A).

The Beauce Placer property and the Golden Hope Mines’ Bellechasse-Timmins (BT) Gold Deposit (which are both ‘nuggety’ type deposits) are located within Magog Group sediments. It should be noted that the Beauce gold project has a thick till in contrast to the Bellechasse-Timmins (BT) Gold Deposit where most of the till has been eroded away and exposed the outcrops. This suggests that both the Beauce and the Bellechasse/ Timmins deposits are genetically related – the Beauce being a placer deposit derived from an unknown Bellechasse/ Timmins type deposit.

Under the terms of the Option Agreement, Uragold will be responsible for obtaining all required permits, approvals, and documentation associated with going into production, in return for a 30% interest in the property. Uragold will then have 120 days to obtain project financing, which, if successful, will earn it a further 20% interest, giving Uragold a 50% interest in the B-T deposit. The companies will then form a Joint Venture (JV) for the operation of the mine, with Uragold serving as operator. GNH will have a carried interest into production, and will receive a 50% Net Proceeds Royalty (“NPR”) on the gold produced.

  • 38,000 meters drilled, 2010 to 2012
  • Gold Recovery:
    • Gravity separation up to 92%
    • Total gold (gravity + cyanidation) 99%
  • Less than 1% Bellechase-Belt explored
  • Located in the municipality of Saint-Magloire, in the Beauce region of Quebec
  • 1 ½ hour drive south of Quebec City
  • 3 ½ hours from Montreal
  • Accessible year round on all paved roads, close to urban infrastructures

Moe River Gold Property

The Moe River Property is located in the southwestern part of the Quebec Appalachians in the Eastern Townships region of the Province of Quebec.

The gold bearing gravels of the Moe river valley has attracted prospectors since the 1900. Between 1958 and 1962, Tamara Mining Limited worked in the Moe River area, under the direction of G. A. Blair, P.Eng. Blair defined a historical resource based on the volume of gravels in the terraces along the river. He concluded that there were between 45 to 48 million cubic yards of material in all of the terraces containing a total of 400,000 ounces of placer gold.

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Newnote Financial Enters into Strategic Partnership with Net-Cents to Enable Clients to Instantly Convert Crypto Currency to Fiat and Transfer Funds

Posted by AGORACOM-JC at 9:35 AM on Thursday, September 11th, 2014

Vancouver, British Columbia – Newnote Financial Corp. (the “Company”), (CSE: NEU; FSE: 1W4; OTC: NWWTF) is pleased to announce that it has entered into a strategic partnership with Net-Cents Systems Ltd. (Net-Cents), an electronic payment transaction platform integrated with some of the World’s largest financial institutions to enable 100% secure, real time online transactions between both consumers and merchants.

Newnote and Net-Cents software development teams will jointly build out API’s to connect Newnote’s PureTrade exchange and Net-Cents transaction platform. This integration will allow users to simultaneously view balances in both their cash and crypto currency accounts and be able to use cash to purchase additional crypto currencies or sell their crypto currencies and transfer the cash back to their accounts in real time. Users will also be able to transfer funds person to person as well as buy goods and services online and pay in the currency of their choice.

 

Clayton Moore, Founder & CEO of Net-Cents said, “This agreement between Newnote and Net-Cents positions the two companies at the forefront of the payment and crypto-currency markets.”

Newnote President & CEO Paul Dickson states “This partnership simplifies the task of buying and selling Bitcoin using traditional currencies. We’re pleased Net-Cents have chosen to work with us, the mutual benefit will prove to be rewarding.”

About Net-Cents Systems Ltd.

Net-Cents Systems Ltd. (Net-Cents) is an enhanced electronic Payment Service Provider (or “PSP”) with industry leading capabilities that benefit both merchants and consumers. The system is designed to exploit existing inadequacies in the PSP market space as well as transition towards the future as it has the capability to handle traditional cash based transactions and digital (crypto) currency based ones.

The Net-Cents platform is not credit card based and is associated with some of the world’s largest financial institutions. It is 100% secure against Credit Card fraud and ID Theft for consumers while providing merchants greatly reduced transaction costs.

About Newnote Financial Corp.

Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.

For further information please contact:

Paul Dickson

President, CEO & Director

Newnote Financial Corp.

Suite 709-700 West Pender Street

Vancouver, BC V6C 1G8

direct: 604-229-0840

fax: 604-685-3833

web: www.newnote.com

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release.

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INTERVIEW: Neah Power Systems – Q&A Session Vol. 4 – Sept. 10, 2014

Posted by AGORACOM-JC at 6:09 PM on Wednesday, September 10th, 2014

Welcome to Q&A, a production of AGORACOM in which we ask shareholders to provide questions which will be answered directly by management. With us today is Dr. Chris D’Couto President of Neah Power Systems.

Neah Power Systems is a developer of fuel cell power solutions using proprietary, award winning technology for the military, transportation, and portable electronic devices.

$50M+ Invested into Neah Power Systems

  • Intel Corporation, Novellus Systems, Four Tier 1 VCs, US Navy, NIST/ATP
  • award winning technology (Popular Science, MIT)

Neah Power continues its aggressive efforts to commercialize proprietary and patented fuel cell technology. The Powerchipâ„¢ product and the Buzzbarrâ„¢ (CONSUMER) micro fuel cells have the potential to revolutionize the energy storage marketplace.

Hub On AGORACOM / Corporate Website / Watch Interview Now!

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FEATURE: Xylitol (XYL:TSX-V) Natural Sweetener Co with $6.5M in 2013 Revenue

Posted by AGORACOM-JC at 11:54 AM on Wednesday, September 10th, 2014

XYL: TSX-V

Financial Highlights

  • Revenues for its second quarter ended June 30, 2014 of approximately $2.0 Million, representing an increase of 43% over the same period from the preceding year.
  • For the three months ended March 31, 2014, sales increased by 97% to $2,170,624, compared to the three months ended March 31, 2013;
  • For the three months ended March 31, 2014, gross profit increased by 33% to $498,665, compared to the three months ended March 31, 2013.
  • For the twelve months ended December 31, 2013, sales increased by 87% to $6,508,998, compared to $3,473,053 for the twelve months ended December 31, 2012.
  • For the three months ended December 31, 2013, sales increased by 194% to $2,555,526, compared to $868,134 for the three months ended December 31, 2012

Marquee Customers Include:

Strong Institutional Ownership

  • Dundee Corp 29%
  • SunOpta BioProcess Inc. 26%

What is Xylitol you ask?

  • Xylitol is a sugar alcohol – and no, that doesn’t mean there’s alcohol in it. It’s also known as a polyol. Sugar alcohols contain fewer calories and fewer carbohydrates than other sweeteners. Replacing sugar with xylitol can be helpful if you’re trying to lose weight or even to help prevent weight gain.

What does xylitol taste like?

  • Xylitol is a white crystalline granule that looks and tastes like sugar. The good news is that it doesn’t have the negative side effects associated with sugar. Xylitol is low-calorie, low-carb, diabetic safe and we think it’s guilt free!

Where does your xylitol come from?

  • Xyla brand xylitol is extracted from North American grown hardwood trees, and it’s delicious. We believe the practices employed in the harvesting and processing of our xylitol are ecologically sustainable. Xylitol is also naturally occurring in many fruits and vegetables. Did you know the human body makes about 15 grams of xylitol per day?

Xylitol Canada, Inc. emerged in 2004 as a reseller and distributor of Xylitol and Xylitol products. Based in Toronto, Ontario, the company continued to grow and develop additional brands under the names Sweet Diabetic Delight and Xylitol Canada. Realizing the market potential for high quality, readily available, and consistently priced Xylitol and Xylitol products, the Company broadened its strategic vision in 2009.

Realizing that the void in the Xylitol market was based on inadequate supply and lack of awareness, the company initiated a 2-tier business expansion plan that sought to solve both of these problems. With the vision of a full scale North American Xylitol production facility as a critical element of this strategy, the Company reached out to the Capital markets and formally went public in April of 2010. With the capital base to aggressively address the marketplace, the company immediately began executing its business plan.

Xylitol In The Media

balancing your blood sugar on CTV Canada with Andrea donsky from naturally savvy

balancing your blood sugar with xylitol on breakfast television

Fed Up By Katie Couric: Katie Couric explains how junk food is high jacking our brains

Daytime Toronto: Dr. natasha turner explains the benefits of xyla xylitol

MACLEAN’S: Death By Sugar: How the sweet killer is fuelling the biggest health crisis of our time

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Next Gen to Reschedule the Seattle GreenRush Financial Conference

Posted by AGORACOM-JC at 7:09 PM on Friday, September 5th, 2014

VANCOUVER, BRITISH COLUMBIA–(Sept. 5, 2014) – Next Gen Metals Inc. (“Next Gen”, the “Company”) (CSE:N)(PINKSHEETS:NXTTF)(FRANKFURT:M5BN) reports that due to numerous requests by both exhibitors and attendees to change the conference to a two day format, management has made a decision to postpone the Seattle GreenRush Financial Conference scheduled for September 23rd, 2014 to a later date. The company is actively seeking a suitable venue/date to accommodate these format changes. Management will issue a news release announcing all new developments for the conference at such time as they become available. In the event that the company is unable to secure a suitable venue and/or date this fall for Seattle, it will continue to focus on scheduling a full slate of conferences for the 2015 conference season including Seattle. The Company apologizes for any inconvenience this decision may have caused and asks that those who have been affected to please contact the Company at either 1-800-667-1870 or 604-685-1870.

Next Gen looks forward to expanding our presence; not only in North America, but also internationally as other countries continue to champion the legalization of Cannabis. Within North America, the company’s future conferences will be coordinated with those states that are in the process of Legislating the legalization of Cannabis.

About Next Gen

Next Gen is a diversified Canadian public company which focuses on investing in the Medical Marijuana, Industrial Hemp and Alternative Medicine sectors. Recent regulatory/legal changes in North America have provided an opportunity for the company to enter into this emerging multi‐billion dollar industry. Next Gen’s vision is to be the leading provider of venture capital, management expertise, education, brokerage and consultancy solutions and a facilitator for these explosive new industries.

Next Gen’s business model generates new industry business proposals and plans on a continuous basis. To that end, Management is currently developing two wholly owned subsidiaries, GreenRush Financial Conferences and GreenRush Analytical Laboratories. Management is negotiating with a number of companies who are interested in entering into contractual arrangements to co‐venture, co‐finance, and option‐joint venture on one or more of Next Gen’s large inventory of business opportunities and existing 100% owned companies and projects in these multi‐billion dollar industries.

For further information on the company, visit our website at www.NextGenMetalsInc.com.

On behalf of the Board of Directors

Harry Barr, President & CEO

FORWARD-LOOKING INFORMATION: This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this news release.

Toll Free: 1.800. 667. 1870
Main: + 1 (604) 685. 1870
Fax: + 1 (604) 685. 8045
www.nextgenmetalsinc.com

Start your small cap medical marijuana research in the AGORACOM Small Cap 
Medical Marijuana Stocks Gateway: 
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks

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Tesla’s Reno ‘Giga-Factory’ choice steps company toward mass produced EV

Posted by AGORACOM-JC at 9:38 AM on Friday, September 5th, 2014

Proposed 10k-sq-ft facility projected to be running by 2017 for Model 3 launch.

September 4, 2014
by By JUSTIN PRITCHARD and SCOTT SONNER, Associated Press

14-sept-tesla-giga-factory-reno-625

RENO, Nev. — To bring electric cars to the masses, Tesla Motors will transform an expanse of desert where pioneers passed on their way to the California Gold Rush and wild mustangs still roam the hillside.

This time, the rush will be in Nevada, which Tesla chose over four other states as the site for a $5 billion factory that the carmaker projects will crank out enough high-tech car batteries to power 500,000 vehicles annually by decade’s end.

Nevada’s elected leaders still must deliver on the economic incentives they’ve promised, but if they do as expected, Tesla will open its massive factory at an industrial park outside Reno, according to a person familiar with Tesla’s plans. The person spoke on condition of anonymity because no official announcement had been made. An announcement was scheduled for Thursday afternoon at Nevada’s Capitol.

U.S. Senate Majority Leader Harry Reid, D-Nevada, acknowledged Thursday at his Clean Energy Summit in Las Vegas that Tesla was coming to Nevada, and said he had spoken with Nevada Gov. Brian Sandoval about it.

A state synonymous with gambling hit the jobs jackpot — Tesla has said the factory will employ about 6,500 people. That’s a welcome jolt for a tourism-based economy particularly hard hit during the Great Recession.

Tesla’s choice of Nevada over California, Texas, Arizona and New Mexico takes it a big step closer to mass producing an electric car that costs around $35,000 and can go 200 miles on a single charge. That range is critical because it lets people take most daily trips without recharging, a major barrier to the widespread adoption of electric vehicles.

The “gigafactory,” as Tesla calls the project, would bring the cost of batteries down by producing them on a huge scale. Its approximately 10 million square feet, equivalent to about 174 football fields, would be running by 2017. That is when Tesla hopes to introduce its Model 3,

At present, demand for electric vehicles is small.

Through August, automakers have sold just over 40,000 fully electric cars this year, up 35 per cent from a year ago, according to the auto website Edmunds.com. Factoring in plug-in hybrids, electric vehicles still account for just 3.6 per cent of all new car sales, a slight drop from last year. Still, government fuel economy standards that will require new cars and trucks to average 54.5 miles per gallon are expected to drive sales.

Gov. Sandoval’s office wouldn’t comment Wednesday on the gigafactory news, saying only that he would make a “major economic development announcement” Thursday. A spokesman for Tesla Motors Inc., based in Palo Alto, California, said company representatives would be at the Capitol in Carson City for the announcement but offered no other details.

Sandoval has declined to discuss incentives he has offered Tesla. Based on CEO Elon Musk’s public statements, the incentives likely total at least $500 million. The governor would have to call a special session of the Legislature to approve tax breaks, grants or other incentives of that magnitude.

This spring, Musk announced that the company would take the unusual step of spending millions to prepare sites in two states _ or perhaps even three _ before choosing a winner. The person familiar with Tesla’s plans told The Associated Press a second site still will be prepared, in case Nevada is unable to deliver the incentives it has promised, or possibly to build a second factory.

Tesla has done excavation and other site-preparation work at the Tahoe Reno Industrial Center, where it plans to build the factory, but had not publicly committed to building in Nevada until it tested what economic incentives other states offered. The centre is about 15 miles east of Sparks, a Reno suburb founded as a railroad town more than a century ago.

Aside from low tax rates and business-friendly workplace laws, Nevada offered plenty of sun and wind to generate “green” power. The industrial park is only about 200 miles along Interstate 80 from Tesla’s lone auto assembly plant in the San Francisco Bay Area. It’s also near a deposit of lithium, an essential element to produce the battery cells.

Reid said that ready supply was an important part of Nevada’s bid, and pointed to a $28.4 million Department of Energy grant in 2010 for a lithium carbonate and lithium hydroxide plant in Silver Creek, Nevada.

Competition for the factory has been intense among the states, which bid up their incentive packages in private negotiations with Tesla.

In California, where Tesla has its headquarters and manufacturing plant, the decision to build in the state next door stung.

“Tesla was using their business savviness to get states to compete against one another,” said state Sen. Ted Gaines, R-Roseville, a principal proponent of the project. “It’s just that I felt California had the inside track given our history of working in partnership with Tesla.”

___

Associated Press writers Ken Ritter in Las Vegas, Juliet Williams in Sacramento, California, and AP Auto Writer Tom Krisher in Detroit contributed to this report.

Source: http://www.design-engineering.com/general/teslas-reno-giga-factory-choice-steps-company-toward-mass-produced-ev-132260

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Supreme Updates Financing and Announces Launch of New Website

Posted by AGORACOM-JC at 9:05 AM on Thursday, September 4th, 2014

VANCOUVER, BRITISH COLUMBIA–(Sept. 4, 2014) – Supreme Pharmaceuticals Inc. (the “Company”) (CSE:SL) wishes to announce its intention to offer securities under of the previously announced non-brokered private placement (see news release dated August 15th, 2014) of up to 20 million units in the capital of the corporation (“Units”) at a price of $0.25 per Unit for aggregate gross proceeds of up to $5,000,000 (the “Financing”) to existing holders of common shares of the Corporation (“Existing Shareholders”). Any Existing Shareholder of Supreme as at September 3, 2014 will be eligible to purchase Units pursuant to the recently adopted “existing security holder” prospectus exemption in all Canadian jurisdictions other than Ontario and Newfoundland. Under the new regulation, there is no longer a need for an existing shareholder to qualify under the “accredited investor” exemption in order to participate in the Financing, however subscribers who do not receive advice regarding the suitability of their investment from a registered investment dealer may not purchase more than $15,000 of securities of Supreme under this exemption in any 12 month period.

In the event there is an over subscription of shares, the Company reserves the right to either reject subscriptions at its discretion, allocate on a pro rata basis or increase the size of the Financing. It is anticipated that the offering will be open until September 19th, 2014.

A director of the Company stated, “The amendment to the financing is an avenue that allows us to include our valued shareholders that wish to participate in our current placement. In addition, the new brand and fully integrated website bring the Company one step closer to its goal of becoming a commercial producer of medical marijuana.”

In addition, the company pleased to report that it has recently undergone a major rebranding and developed a new website infrastructure complete with online store, corporate information, news, doctor’s hub, and more. The new brand and website are anticipated to launch on Monday, September 8th, 2014 at www.supreme.ca.

FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. This news release includes forward-looking statements with respect to the closing date of the Offering, the availability of the “existing security holder” exemption for purchases of Units under the Financing and the launch date for the new website. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com and such factors as the Company failing to close the offering, the Units not being eligible for purchase through certain exemptions from the prospectus requirement and failure to launch the website as anticipated. This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995..

Supreme Pharmaceuticals Inc.
Investor Relations
(604) 674-2191
[email protected]
www.supreme.ca

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Neah Power Systems, Inc. Ships BuzzBar(TM) Products Aug 29th, Completes CE Testing and Launches BuzzBar Suite Website

Posted by AGORACOM-JC at 6:08 AM on Thursday, September 4th, 2014

 

BOTHELL, WA–(Sep 4, 2014) – Neah Power Systems, Inc. (OTCBB: NPWZ) (‘Neah’), an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries, reported that it has begun shipping BuzzBar Suite of products on August 29th, 2014, and has completed CE certification. Neah had previously completed FCC certification. Additionally, Neah had launched a website dedicated to the BuzzBar Suite: www.buzzbarsuite.com.

“We are thrilled to be shipping to consumers who previously ordered the product, as well as to certain big box retailers for evaluation of the product,” said Dr. Chris D’Couto, CEO of Neah Power Systems. “We were able to file two patent applications related to the technology, complete FCC and CE certification, and address various manufacturing scale up issues over the last few weeks. We now expect to continue on the commercialization front more aggressively.”

The BuzzBar Suite, which can be a life-saving product, allows for charging from a variety of sources: grid power (traditional outlet), the BuzzBat (using AA and AAA batteries), the BuzzSol (solar panel), or the BuzzCell (available in Q42014).

About Neah Power

Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Power’s long-lasting, efficient, and safe solutions include patented and patent pending PowerChip and the BuzzBar family of products. Neah Power was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award.

Forward Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2013 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2014 for a discussion of such risks, uncertainties and other factors.

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CLIENT FEATURE: Stria Lithium (SRA: TSX-V) Powering The Green Revolution

Posted by AGORACOM-JC at 12:00 PM on Wednesday, September 3rd, 2014

Why Stria Lithium?

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

 

A New Source, a new process for technology lithium

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

Proprietary Processing Technologies

Stria President and Chief Operating Officer Julien Davy said the company’s ultimate goal is to produce high-purity (99.999%) lithium metal or other lithium compounds that meet the needs of battery manufacturers for an environmentally sustainable supply option that dramatically reduces costs. “Any lithium process that significantly reduces production costs will help changing the battery market,” said Mr. Davy.

Pontax-Lithium property …

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

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

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

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


Willcox Lithium / Arizona

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

The purpose of the 2014 Willcox drilling program is to confirm historic exploration results and to test groundwater samples for use in Stria’s proprietary membrane processing technologies now under development. This technology will allow Stria to recover lithium from brine type deposits without the need of large scale evaporation ponds and their associated environmental impacts.

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