Posted by AGORACOM-JC
at 12:07 PM on Thursday, October 31st, 2019
Company has notified BWA Group plc (London, England) (NEX:BWAP) of its intention to convert GBP300,000 ($511,000) of Convertible Loan notes “CLN” into 60,000,000 ordinary shares in BWA Group plc.
Shares will be admitted to trading on the NEX Exchange Growth Market in London, effective November 6, 2019
Montreal – October 31, 2019 –St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE: 85G1) is pleased to inform its shareholders that the Company has notified BWA Group plc (London, England) (NEX:BWAP) of its intention to convert GBP300,000 ($511,000) of Convertible Loan notes “CLN” into 60,000,000 ordinary shares in BWA Group plc.
The Company has been notified by
BWA Group plc that the shares will be admitted to trading on the NEX
Exchange Growth Market in London, effective November 6, 2019. Following
the allotment of these ordinary shares, St-Georges will hold 60,000,000
ordinary shares of BWA Group plc, representing 23.75% of this
corporation’s enlarged issued share capital.
The Company received GBP2,451,409
($4,183,000) of convertible loan notes on September 30, 2019 in relation
to sale of its subsidiary Kings of the North to BWA Group plc. After
the conversion, St-Georges has GBP2,151,409 worth of loan notes
outstanding at an approximate value of $3,671,427.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Billings”
MARK BILLINGS
Chairman
About St-Georges
St-Georges is developing new
technologies to solve some of the most common environmental problems in
the mining industry. The Company controls directly or indirectly,
through rights of first refusal, all of the active mineral tenures in
Iceland. It also explores for nickel on the Julie Nickel Project &
for industrial minerals on Quebec’s North Shore and for lithium and rare
metals in Northern Quebec and in the Abitibi region. Headquartered in
Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on
the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange
under the symbol 85G1.
The
Canadian Securities Exchange (CSE) has not reviewed and does not accept
responsibility for the adequacy or the accuracy of the contents of this
release.
Posted by AGORACOM-JC
at 11:33 AM on Thursday, October 31st, 2019
SPONSOR: CardioComm Solutions (EKG: TSX-V)
– The heartbeat of cardiovascular medicine and telemedicine. Patented
systems enable medical professionals, patients, and other healthcare
professionals, clinics, hospitals and call centres to access and manage
patient information in a secure and reliable environment.
EKG: TSX-V ———————-
Five rehab hospitals across the country will soon be testing a
digital therapeutic platform that combines music with AI and mHealth
sensors to help stroke survivors with walking problems.
Hospitals will be testing a digital therapeutic device developed by Portland, ME-based MedRhythms, which is seeking US Food and Drug Administration approval for the service.
The program will study the mHealth device’s impact on walking among a group of patients who have walking impairments as a result of a stroke
October 29, 2019 – Five rehabilitation hospitals will be testing a
telehealth platform for stroke treatment that integrates music with AI
and mHealth sensors for guided therapy.
The hospitals will be testing a digital therapeutic device developed
by Portland, ME-based MedRhythms, which is seeking US Food and Drug
Administration approval for the service. The program will study the
mHealth device’s impact on walking among a group of patients who have
walking impairments as a result of a stroke.
“Right now, the MedRhythms digital therapeutic technology is a novel
treatment for a subset of individuals that have few, if any, effective
treatment options,†David Putrino, director of the Abilities Research
Center (ARC) for the Department of Rehabilitation and Human Performance
at the Mount Sinai Health System, said in a press release.
“The mission of the ARC is to identify and validate novel technologies
that have the potential to significantly enhance the rehabilitation of
people who are recovering from brain injuries and neurological
conditions, including chronic stroke.â€
Putrino will lead the research project at New York-based Mount Sinai.
Also participating in the study are the Shirley Ryan AbilityLab in
Chicago, the Kessler Foundation in New Jersey and Spauld ing
Rehabilitation Hospital and the Boston University Neuromotor Recovery
Laboratory, both in Boston.
“The digital therapeutics industry has the potential to transform
rehabilitation and disrupt healthcare, and it is imperative for
companies in this space to run full-scale, multisite RCTs like
MedRhythms is doing,†Putrino added.
MedRhytms began as a digital therapy program launched out of
Spaulding Rehab, part of the Partners HealthCare network, and has been
building a portfolio of digital therapeutic treatments for treatment of
neurological injury and disease, including Parkinson’s Disease and
Multiple Sclerosis. The company is also looking to apply the treatment
to senior care and fall prevention programs.
The company’s first and signature product is MedRhythms Stride, a
digital health platform for stroke rehabilitation that focuses on
Rhythmic Auditory Simulation (RAS). mHealth sensors attached to a
patient’s feet gather gait parameters, which are then analyzed by a
smartphone app that pairs the patient’s gait with music.
“Rhythm is the main driver of the interventions we have,†Owen McCarthy, the company’s president and founder, told mHealthIntelligence in a 2018 interview. “And it’s the type of thing we’re going to see more and more of in healthcare.â€
This past June, the company announced a partnership
with Health Catalyst’s new life sciences business to make its platform
available to payers and providers looking for new ways to enhance stroke
rehabilitation programs.
“This partnership comes at a crucial time in the digital therapeutics
industry,†Carlos Rodarte, senior vice president of strategy and
business development for the life sciences at Health Catalyst, said in a
press release. “Several companies in this field have completed or are
completing important trials demonstrating the significant clinical
impact of true, validated and regulated digital therapeutics, paving the
way for an entire new industry in digital health which has disruptive
potential globally to deliver rapid, efficient therapies for patients
with unmet needs.â€
Tags: EKG, mhealth, small cap stocks, stocks, tsx, tsx-v Posted in CardioComm Solutions | Comments Off on CardioComm Solutions $EKG.ca – Hospitals to Test Music-Based #mHealth Platform for Stroke Treatment $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca
Posted by AGORACOM-JC
at 10:24 AM on Thursday, October 31st, 2019
SPONSOR:ThreeD Capital Inc. (IDK:CSE)
Led by legendary financier, Sheldon Inwentash, ThreeD is a
Canadian-based venture capital firm that only invests in best of breed
small-cap companies which are both defensible and mass scalable. More
than just lip service, Inwentash has financed many of Canada’s biggest
small-cap exits. Click Here For More Information.
IDK: CSE
Bitcoin And Crypto Is Heading For An Epic Social Media Showdown
While the social media monetary situation is not this clear cut, both
Dorsey and Zuckerberg have emerged as champions of two similar but
opposing ideas; the internet needs its own currency, one sees it as
centralised, through Facebook, the other sees it as decentralised,
through bitcoin.
“I believe that this is something that needs to get built,”
Zuckerberg told U.S. senators last week, defending Facebook’s
involvement in the controversial libra project and arguing libra could
bring financial maturity to millions, if not billions, of people around
the world.
Zuckerberg also warned the U.S. could fall behind other countries if
lawmakers moved to block the development of libra and similar digital
money projects.
Posted by AGORACOM-JC
at 9:08 AM on Thursday, October 31st, 2019
Announced its collaboration with Professor Lionel ROUÉ of the Institut National de Recherche Scientifique (INRS)
Aimed at evaluating the electrochemical performances of different materials produced by the HPQ PUREVAP™Quartz Reduction Reactor for Li-ion batteries
MONTREAL, Oct. 31, 2019 — HPQ Silicon Resources Inc. – TSX-V: HPQ; OTCPink: URAGF; FWB: UGE (“HPQ†or “the Companyâ€) is pleased to announce its collaboration with Professor Lionel ROUÉ of the Institut National de Recherche Scientifique (INRS) within the scope of projects aimed at evaluating the electrochemical performances of different materials produced by the HPQ PUREVAP™Quartz Reduction Reactor (“QRR”) for Li-ion batteries.
Professor Lionel ROUÉ of the INRS-EMT has developed a scientific
program focused on the study of new electrode materials for various
applications of industrial interest (batteries, aluminium production,
etc.). In recent years, a significant part of its research activities
has been devoted to the study of Si anodes for Li-ion batteries and the
development of in-situ characterization methods applied to batteries.
He is the author of more than 150 publications, including twenty
articles and 2 patents on Si-based anodes for Li-ion batteries. He was
awarded the Energia Prize by the Quebec Association for the Mastery of
Energy for his work in this field.
EVALUATING WORLDWIDE BATTERY MARKET POTENTIAL OF MATERIALS PRODUCED BY PUREVAP™
The first goal of the association is determining the commercial potential of materials produced by the PUREVAPTM
QRR as anode material for the Li-ion battery market and ascertaining
whether their usage within Li-ion batteries could lead to a significant
increase in their energy density, which is crucial for some
applications, especially electric vehicles.
In the second phase, the electrochemical performance of PUREVAPTM silicon based porous silicon wafers made using Apollon Solar’s patented process will be tested.
“Silicon’s potential to meet energy storage demand is generating massive investments. Collaborating
with a world-class university center, HPQ will be able to validate the
potential of silicon materials produced from the PUREVAP™QRR as high-capacity anode materials for Li-ion batteries†said Bernard Tourillon, President & CEO of HPQ Silicon Resources Inc. Mr. Tourillon added: “HPQ, working with PyroGenesis, Apollon and the INRS Energy Materials Telecommunications (EMT) Research Centre, fully intends to use its Gen3 PUREVAP™ QRR to produce and market Silicon materials for batteriesâ€.
GLOBAL ENERGY STORAGE MARKET READY TO EXPLODE
A recent report
projects that energy storage deployments are estimated to grow 1,300%
from a 12 Gigawatt-hour market in 2018 to a 158 Gigawatt-hour market in
2024. An estimated US$71 billion in investments will be made into
storage systems where batteries will make up the lion’s share of capital
deployment. Research suggests
that replacing graphite materials with Silicon anodes in Li-Ion
Batteries promises an almost tenfold (10x) increase in the specific
capacity of the anode, inducing a 20-40% gain in the energy density of
Li-ion batteries.
About Silicon
Silicon (Si) is one of today’s strategic materials needed to fulfil
the renewable energy revolution presently under way. Silicon does not
exist in its pure state; it must be extracted from quartz, one of the
most abundant minerals of the earth’s crust and other expensive raw
materials in a carbothermic process.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed company developing, in
collaboration with industry leader PyroGenesis (TSX-V: PYR) the
innovative PUREVAPTM “Quartz Reduction Reactors†(QRR), a truly
2.0 Carbothermic process (patent pending), which will permit the
transformation and purification of quartz (SiO2) into Metallurgical
Grade Silicon (Mg-Si) at prices that will propagate its significant
renewable energy potential.
HPQ is also working with industry leader Apollon Solar to develop: Porous silicon wafers manufacturing using PUREVAP™
Silicon (PVAP Si) that can be used as anode for all-solid-state and
Li-ion batteries; and a metallurgical pathway of producing Solar Grade
Silicon Metal (SoG Si) that will take full advantage of the PUREVAPTM QRR
one-step production of high purity silicon (Si) and significantly
reduce the Capex and Opex associated with the transformation of quartz
(SiO2) into SoG-Si.
HPQ focus is becoming the lowest cost producer of Silicon (Si), High
Purity Silicon (Si), Porous Silicon Wafers and Solar Grade Silicon Metal
(SoG-Si). The pilot plant equipment that will validate the commercial
potential of the process is on schedule to start in 2019.
This News Release is available on the company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
Disclaimers:
The Corporation’s interest in developing the PUREVAP™ QRR and any
projected capital or operating cost savings associated with its
development should not be construed as being related to the establishing
the economic viability or technical feasibility of the Company’s
Roncevaux Quartz Project, Matapedia Area, in the Gaspe Region, Province
of Quebec.
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 security’s regulatory authorities,
which filings can be found at www.sedar.com. Actual results, events, and
performance may differ materially. Readers are cautioned not to place
undue reliance on these forward-looking statements. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements either as a result of new information, future
events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information contact Bernard J. Tourillon, Chairman, President and CEO Tel (514) 907-1011 Patrick Levasseur, Vice-President and COO Tel: (514) 262-9239 http://www.hpqsilicon.com Email: [email protected]
Posted by AGORACOM-JC
at 11:03 AM on Wednesday, October 30th, 2019
SPONSOR: Tartisan Nickel (TN:CSE)
Kenbridge Property has a measured and indicated resource of 7.14
million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has
interests in Peru, including a 20 percent equity stake in Eloro
Resources and 2 percent NSR in their La Victoria property. Click her for more information
TN: CSE —————————-
A nickel for your thoughts – The price of nickel has run up to a five-year high of late
The price of nickel has run up to a five-year high of late, defying softness in the rest of the base metal complex.
The reasons are both simple and complicated. The price of nickel
doubled in two years, from US$4 per lb. in August 2017 to US$8 per lb. a
few weeks ago. The reasons:
· Robust demand. Nickel is primarily used to make stainless steel. And despite slowing growth, stainless steel demand keeps marching up.
In the first half of 2019, for instance, Chinese stainless steel
production was up 8.5% yearover-year. (As the chart suggests, forecasts
predict softening of demand in the current quarter.)
· China makes most of the world’s stainless steel. And China gets the
nickel for that steel from its own mines as well as mines in Indonesia
and the Philippines, many of which produce a lowgrade, high-impurity ore
called nickel pig iron (NPI). NPI production has
ballooned over the last decade, enough that as of 2020 the world will
get more of its nickel from NPI than from conventional nickel ores.
However, this reliance on NPI brings with it a few problems.
· Indonesia will implement a ban on nickel ore exports at the start of 2020.
This has been in the works for some time but until a few months ago the
ban was not scheduled to take effect until 2022. Indonesia produces
roughly ~12% of global supply, so this ban is significant. The idea is
to push the development of domestic smelters, which would keep more of
the resource upside in country versus exporting raw ore. This is in the
works – the country already has 11 nickel smelters and 25 more are
planned or under construction – so Indonesian nickel supplies should
slide in the near term but recover within about three years. However,
the smelters in China that relied on Indonesia’s nickel pig iron (NPI)
ore will have to find feed elsewhere; the main candidate is the
Philippines, where ore is generally lower grade. The only other option
is to upgrade to processing Class I ores. Either move would increase
costs overall, which supports a higher nickel price.
· Batteries. Eighty percent of the world’s nickel
goes into stainless steel, so steel certainly drives the market. But
many of the batteries that power laptops, electric vehicles, phones, and
even power grids require nickel. This has transformed nickel from a one
trick pony to a two trick market – and if electric cars take off then
nickel’s battery market will take off right alongside. Right now
batteries consume 5% of global nickel but demand is rising rapidly and
is expected to reach 8% by 2020. Vice President of market analysis and
economics for BHP, Dr Huw McKay, says he sees a future where batteries
and stainless steel become “equally important†nickel consumers. Global
nickel demand currently sits around 2 million tonnes per annum; it is
expected to grow to 6 million tonnes per annum by 2035 with batteries
accounting for almost half of demand growth.
· In addition, batteries cannot use nickel from NPI, as impurities are too high, so the battery factor has divided the nickel market into two parts
– high purity Class I nickel and lower purity Class II. All of this has
two important effects: it is bringing energy metal investors into the
nickel space and it is underlining that NPI, which has been the dominant
source of nickel growth for the last 10-plus years, will not solve the
nickel supply gap going forward.
· To address that second point and boost production of Class I
nickel, China is developing several mines tapping into nickel laterite
deposits. Nickel laterite is easy to mine but very difficult to process,
requiring high pressure acid leaching (HPAL). Most analysts are
highly skeptical that China’s planned HPAL facilities will come online
anywhere near their projected timelines or budgets, as these facilities are notoriously difficult and expensive.
· Because NPI has ballooned so in the last decade, explorers and developers have not looked for conventional nickel deposits. There
is a true lack of development-stage nickel projects with conventional
sulphide deposits that could be built to fill supply gaps.
· Current mine-specific supply issues. The biggest
producer of NPI in the Philippines just ran out of ore. The Ramu project
in Papua New Guinea is temporarily suspended, which removes 35,000
tonnes of annual nickel supply.
· Stockpiles are falling – and fast. Nickel stockpiles have been declining for five years.
This is what happens when a market is persistently undersupplied. But
as you can see, the decline accelerated in the last two years…and
stockpiles dropped off a cliff a few weeks ago.
The cliff is likely the result of panic buying and/or stockpiling ahead of the Indonesian ban.
I told you it was complicated!
Complicated is normal for nickel, which has a long track record of
extreme price moves. In 2008 a supply shortage drove the price as high
as US$22 per lb. before steel mills found substitutes, 7 including
manganese, and within 18 months the price was back at US$4.50 per lb.
(The Great Financial Crisis likely exacerbated the price decline.)
The Bear Case
The key question on this side is: to what extent is speculation driving nickel?
If speculators are pushing the price up, entering the space now is
risky because (1) speculative tides turn fast and (2) that turn would
likely transpire in the next 6 to 9 months. Indonesia’s ban comes into
effect in January 1 so over the next six months the impacts start to
play out.
It’s clear that stockpile drawdowns are at least in part because
smelters and speculators have been stockpiling metal privately. That
metal will be used or sold to ease any nickel price jumps.
If increased physical metal availability coincides with the absence of speculative upside pressure…nickel could turn down fast.
On top of all that, there are reasons to believe (1) stainless steel
demand will weaken to end this year, (2) EV demand is taking longer to
ramp than expected, (3) scrap usage is increasing, and (4) rising
backwardation alongside falling physical premiums is a sign that actual
demand is lower than perceived.
The fourth point above needs some explaining. In a tight market,
limited stockpiles lead to backwardation – people paying more for metal
today than in the future. Backwardation should only happen when the
current physical market is very tight. If that’s the case, there should
also be high physical premiums, which are extra amounts paid for actual
metal now (rather than paper metal).
What weird about nickel is that premiums are down sharply, from $200
per tonne a few months ago to negative $50 per tonne today. It’s the
first-time premiums have ever gone negative in China and something that
is very rare across the metals complex. European nickel briquette
premiums are also down 80% in recent months.
The dark blue line below shows physical premiums. The light blue line
shows the difference between current and three-month nickel prices; a
positive Cash-3M is backwardation.
<
This suggests:
· The physical market is not that tight
· Speculation in the paper market is driving the price
· Speculation is not simply investors; nickel users and producers are
also playing games (stockpiling) to boost the price. When they stop,
the price will lose ground rapidly.
The Bottom Line
Nickel may or may not continue its bull run from here. The fact the
physical premiums are so low when prices have gained so much and the
paper market is in backwardation is definitely concerning, enough that I
am not ready to enter the space right now. The fact that nickel spot
price recently stepped back almost 10% reinforces my outlook.
However, in the medium and long term this is a market that has good
opportunity. Stainless steel demand growth is reliable. The battery
space will need more and more Class I nickel with each year. The
pipeline of new projects is very limited, especially if you (like me)
see China struggling with its nickel laterite output mines and HPAL
facilities.
I might be wrong and my hesitation on entering now may mean missing
out on near term upside, but such decisions are common in this sector!
Tags: CSE, nickel, nickel demand, stocks, tsx, tsx-v Posted in Tartisan Nickel | Comments Off on Tartisan #Nickel $TN.ca – A nickel for your thoughts – The price of nickel has run up to a five-year high of late $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca
Posted by AGORACOM-JC
at 10:29 AM on Wednesday, October 30th, 2019
SPONSOR:ThreeD Capital Inc. (IDK:CSE)
Led by legendary financier, Sheldon Inwentash, ThreeD is a
Canadian-based venture capital firm that only invests in best of breed
small-cap companies which are both defensible and mass scalable. More
than just lip service, Inwentash has financed many of Canada’s biggest
small-cap exits. Click Here For More Information.
IDK: CSE
Twitter’s Dorsey puts another bet on crypto
Bitcoin proponent Twitter CEO Jack Dorsey continues to bet on crypto by investing in CoinList, a two-year-old venture that helps startups raise money through token sales.
The company says it connects investors with thoroughly vetted
blockchain-related companies in compliance with crypto regulations.
CoinList has supported more than $800M of token offerings since August 2017.
Dorsey participated in a recent $10M funding round, the Wall Street Journal reports.
The new capital will help with its plans to offer new services
including a new exchange, CoinList Trade, and a crypto wallet.
Posted by AGORACOM-JC
at 9:00 AM on Wednesday, October 30th, 2019
A drill permit has been issued by the Manitoba government for a drill program on the company’s Lithium Two Project.
NAM has 100% ownership of eight pegmatite hosted Lithium and Rare Element Projects in the Winnipeg River Pegmatite Field, located in southeast (SE) Manitoba.
Exploration in SE Manitoba is focused on Lithium-bearing pegmatites.
Archaeological Assessment in progress on Lithium One as part of the drill permit process.
The eight projects are strategically situated within the Winnipeg River Pegmatite Field, which hosts the world-class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969.
NAM management is finalizing a plan for a 1,500-metre drill program on Lithium Two.
October 30th, 2019 – Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J) New Age Metals is pleased to announce that a drill permit has been issued to the company’s wholly owned subsidiary, Lithium Canada Development by the Manitoba government for the company’s Lithium Two Project located in the Cat Lake area of southeast (SE) Manitoba.
The Winnipeg River Pegmatite Field
The
Winnipeg River-Cat Lake Pegmatite Field in SE Manitoba is host to
numerous pegmatite deposits and contains the world-class Tanco
Pegmatite. The Tanco pegmatite has been mined since 1969 in
varying capacities for spodumene (Li rich mineral), Tantalum and Cesium.
The pegmatite field contains at least 10 pegmatite groups and hosts
hundreds of pegmatite bodies. Many of the pegmatites are lithium
bearing.
The Tanco Mine, which was owned by the
Cabot Corporation, was recently sold to Sinomine Rare Metals Resources
Co. Ltd. (Sinomine) at a purchase price of $130 million ($US). Sinomine
is a joint stock public company based in China, principally engaged in
the provision of geological exploration, mining investment and base
metal chemical manufacturing. This transaction certainly adds new
interest in the region as to the potential of the pegmatite field and
lithium and/or rare element potential in the area. This sale should
advance the Lithium production potential of the area as Lithium Ore feed
may be required in the event that Sinomine commences lithium
production.
Lithium Two Project
The Lithium Two Project is located
approximately 20 kilometres north of the Tanco Mine and is an active
area for Lithium exploration. Several companies are active in the
immediate region, exploring for Lithium.
Surface exploration was carried out on the Lithium Two Project during the summer of 2018 (see News Release October 30th, 2018).
The exploration work was designed to examine the known surface
pegmatites to aid in the determination of drill targets. The field
program also focussed on more detailed structural geological mapping and
mapping of the westward extent of the Eagle Pegmatite. The Lithium Two
Project has several historically known Spodumene bearing pegmatites (see
Figure 2).
Click Image To View Full Size
Figure 1: Manitoba Lithium and Rare Element Projects 2019
The Eagle Pegmatite was drilled in 1947
with a historic (non 43-101 compliant) tonnage estimate of 544,460
tonnes with a grade of 1.4% Li2O to the 61-metre level. These historical
estimates do not use categories that conform to current CIM Definition
Standards on Mineral Resources and Mineral Reserves as outlined in
National Instrument 43-101, Standards of Disclosure for Mineral Projects
(“NI 43-101”) and have not been redefined to conform to current CIM
Definition Standards. A qualified person has not done sufficient work to
classify the historical estimates as current mineral resources and the
Company is not treating the historical estimates as current mineral
resources. Investors are cautioned that the historical estimates do not
mean or imply that economic deposits exist on the properties. The
Company has not undertaken any independent investigation of the
historical estimates or other information contained in this press
release nor has it independently analyzed the results of the previous
exploration work in order to verify the accuracy of the information. The
Company believes that these historical estimates and other information
contained in this news release are relevant to continuing exploration on
the properties as it identifies significant mineralization that will be
the target of future exploration and development.
The Eagle Pegmatite was historically reported to remain open to depth.
The FD5 Pegmatite, located east of the Eagle Pegmatite has never been
drilled. Historic assessment reports revealed a Spodumene bearing
pegmatite drilled in the late 1940’s, located approximately 500 metres
southeast of the Eagle Pegmatite but is not exposed on surface. No
assays were provided in the report at the time. This pegmatite, as well as the Eagle and FD5, will be tested during an upcoming recommended drill program.
Click Image To View Full Size
Figure 2: 2018 Lithium Assays at the Lithium Two Project, SE Manitoba
The Eagle Pegmatite has been mapped on surface for over 850 metres and has surface assays of 0.1 to 3.8% Li2O.
The FD5 pegmatite had surface assays from 0.1 to 3.3% Li2O. In
geological terms, the pegmatites encountered on the Lithium Two Project
are LCT Type (Lithium-Cesium-Tantalum) Pegmatites and are in the
Albite-Spodumene Subgroup. Spodumene is expressed in the pegmatites as
small green blades up to 3 centimetres in length. The Eagle Pegmatite is
a west-northwest to west-striking, vertically dipping, lenticular
pegmatite dyke intruded into mafic volcanics. The widths of the
pegmatite have been measured to be between 2 to 10 metres. The Eagle
Pegmatite system appears to be a swarm of closely spaced pegmatite
bodies.
Phase 1 Drill Program Planning in Progress
A drill program of 1,500 metres is planned
to test three spodumene bearing pegmatite targets. A drill permit has
recently been issued by the Manitoba government.
Lithium One Drill Program
Recently,
NAM engaged White Spruce Archaeology as part of its Exploration
Agreement with the Sagkeeng First Nation to conduct an archaeological
assessment on the proposed drill sites for Lithium One as part of the
drill permitting process. The assessment was completed in October
and the report is pending. A 1,500 metre drill program is planned to
test targets on the Silverleaf pegmatite ( News Release Sept 27, 1018) situated in the Lithium One project area.
NAM/AAZ Property Option Update
JV partner Azincourt Energy (AAZ) and NAM
are in discussions regarding AAZ’s compliance for its contractual
obligations as part of the option agreement with NAM. NAM and AAZ are in
continuing talks regarding a revision to the existing option agreement
or termination.
OPT-IN LIST
If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.
ABOUT NAM’S PGM DIVISION
NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project)
in the Sudbury Mining District of Northern Ontario (100 km east of
Sudbury, Ontario). Recently the company announced the results of the
first PEA (see News Release – June 27th, 2019)
completed on the River Valley Project. The PEA has been developed by
various independent consultants – P&E Mining Consultants Inc.
(P&E) was responsible for the open pit mining, surface
infrastructure, tailings facility, and project economics; DRA Americas
Inc. (“DRA”) was responsible for all metallurgical test work and
processing aspects of the Project; and WSP Canada Inc. (“WSP”) was
responsible for the Mineral Resource Estimate. The
PEA is a preliminary report but it has demonstrated that there are
positive economics for a large-scale mining open pit operation, with 14
years of Palladium and Platinum production.
The
Genesis project is a PGM-Cu-Ni property located in the northeastern
Chugach Mountains, 75 paved road miles north of the all-season port city
of Valdez, Alaska. The project is within 3 km of the all-season
paved Richardson Highway and a high capacity electric power line. The
project is covered by 4,144 hectares of State of Alaska mining claims
owned 100% by New Age Metals. Past exploration has revealed the presence
of chromite-associated platinum and palladium mineralization and
stratabound Ni-Cu-PGM mineralization within magmatic layers of the
Tonsina Ultramafic Complex. Pyrrhotite, pentlandite, and chalcopyrite
occur in disseminations and net textured segregations associated with
platinum and palladium sulfides. There has been limited exploration over
the Genesis project and there has been no past exploration drilling on
the project. NAM management is actively seeking an option/joint-venture partner for this road accessible PGM and Multiple Element Project.
QUALIFIED PERSON
The contents contained herein that
relate to exploration results or geological aspects is based on
information compiled, reviewed or prepared by Carey Galeschuk, P. Geo., a
consulting geoscientist for New Age Metals. Mr. Galeschuk is the
Qualified Person as defined by National Instrument 43-101 and has
reviewed and approved the technical content of this news release.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
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.
Cautionary Note Regarding Forward
Looking Statements: This release contains forward-looking statements
that involve risks and uncertainties. These statements may differ
materially from actual future events or results and are based on current
expectations or beliefs. For this purpose, statements of historical
fact may be deemed to be forward-looking statements. In addition,
forward-looking statements include statements in which the Company uses
words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”,
“confident”, “intend”, “strategy”, “plan”, “will”, “estimate”,
“project”, “goal”, “target”, “prospects”, “optimistic” or similar
expressions. These statements by their nature involve risks and
uncertainties, and actual results may differ materially depending on a
variety of important factors, including, among others, the Company’s
ability and continuation of efforts to timely and completely make
available adequate current public information, additional or different
regulatory and legal requirements and restrictions that may be imposed,
and other factors as may be discussed in the documents filed by the
Company on SEDAR (www.sedar.com), including the most recent reports that
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements. The
Company does not undertake any obligation to review or confirm analysts’
expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
Investors should not place undue reliance on forward-looking statements.
Posted by AGORACOM-JC
at 8:24 AM on Wednesday, October 30th, 2019
Company has completed a harvest totaling 13,000 lbs of dried bio-mass of hemp from the Oregon hemp farm.
The dried bio-mass hemp is currently being stored at a local drying facility located near Eugene, Oregon.
The value for the crop in its current state is estimated to be worth $200,000 – $300,000 USD.
VANCOUVER, British Columbia, Oct. 30, 2019 — PRIMO NUTRACEUTICALS INC. (CSE: PRMO) (OTC: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Primo” or the “Company”)is pleased to announce that further to the Company news release dated October 1, 2019 the Company has completed a harvest totaling 13,000 lbs of dried bio-mass of hemp from the Oregon hemp farm. The dried bio-mass hemp is currently being stored at a local drying facility located near Eugene, Oregon. The value for the crop in its current state is estimated to be worth $200,000 – $300,000 USD. This will be added to the 28 kilo grams of crude oil currently in inventor from last year’s harvest.Â
The completion of the 2019 harvest season is a major milestone for
the company and for the hemp farm in Oregon, as this is the first year
hemp has been federally legal since the Farm Bill was passed. This year
in Oregon alone there are nearly 63,000 acres registered growing hemp
compared to the 11,500 acres growing hemp registered in 2018. This is a
significant increase in the amount of hemp being grown, which solidifies
the Primo strategy of providing drying facilities to the ever growing
hemp market in Oregon. Primo plans to have its first drying facility
built and in operation by the end of the first quarter of next year.
President, Andy Jagpal Comments:
“I am very proud and excited with the amount of dried hemp that was
harvested as it surpassed our expectations by a few thousand pounds.
During a time in the cannabis market where companies have spent tens of
millions of dollars building out facilities and cultivation
infrastructure and have little to show for it, we have two harvests
under our belt and product in inventory ready for sale. Together with
this year’s harvest and last year’s inventory we estimate our inventory
alone to be worth between $400,000 and $500,000 USD.â€
VP Sales & Distribution, Andy Dhaliwal Comments:
“The on-hand inventory and quality of the hemp as starting material
is a major advantage in the current marketplace. While the revenue
opportunities from the harvest are extremely promising, the hemp
processing infrastructure supports the expansion of our in-house product
lines, and increases our white-label offering to the USA market as
well. Both of which are tremendous assets for the company.â€
About Primo Nutraceuticals, Inc.
Primo Nutraceuticals Inc. (“Primo” or the “Company”) provides
strategic capital to the thriving cannabis cultivation sector through
ownership and development of commercial real estate and farm friendly
properties. Primo is dedicated to funding the rapid growth in
production, processing, retail and branding of cannabis and cannabis
related products in Canada and the United States. Primo provides fully
built out turnkey facilities equipped with state-of-the-art growing
infrastructure to cannabis growers and processors. In addition to the
Company’s flagship hemp project in Oregon State and the Greenhouse
campus in Washington State, Primo has invested in several brands and is
pursuing partnerships with retailers and distribution companies in
Canada and the United States. Primo’s management is in the process of
building a corporate road map to further vertically integrate the
Company, specifically by way of “Primo†branded retail outlets –
offering “Thrive,” “Primo,” and a selection of curated partner brands.
The Company possesses proprietary formulas for cannabis edibles,
topical, and tinctures. Primo is focused on building a strong presence
in the hemp industry with the objective of extracting and
selling cannabinoids (CBD) products in both Canada and the United
States.
On behalf of the Board of Directors PRIMO NUTRACEUTICALS INC.
FORWARD LOOKING STATEMENTS: This news release
contains certain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements are based on the
expectations and opinions of the Company’s management on the date the
statements are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
No regulatory authority has approved or disapproved the information contained in this news release.
Posted by AGORACOM-JC
at 9:36 AM on Wednesday, October 23rd, 2019
When the Wall Street Journal calls your Gold Report “The Gold Standard Of Gold Research”, it is safe to say you are a global influencer and expert in all things gold.
This is Ronnie Stoeferle, whose “In Gold We Trust” report has also been downloaded 1.8 million times in English, German and Mandarin in case anyone had any doubt as to his expertise.
Today, Ronnie became the founding member of the Affinity Metals (AFF:TSXV) Advisory Board, which implies that we can expect others to be appointed as well. Why would Ronnie join a company with a market cap under $5,000,000? You’ll have to watch the interview to find out … but here are a couple of hints:
1. Affinity Metals flagship project, the Regal, has reported HISTORICAL reserves of 590,703 tonnes grading 71.6 grams per tonne silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper, 0.13 per cent tin and 0.015 per cent tungsten. These were prepated prior to 43-101 standards and should not be relied upon until they are brought into compliance with 43-101 standards.
2. A Technical Report, which was prepared in 1971 using a silver price of $1.75 per troy ounce, makes a positive recommendation for production, including the establishment of a 500 ton per day concentrator with a 400 ton per day silver, lead and zinc circuit and a 100 ton per day tin, tungsten and copper circuit.
These are just 2 factors that led Ronnie to declare that Affnity Metals is “one of the largest investments in my private portfolio”.
Grab your favourite beverage, kick back and watch this great interview with both Ronnie and Affinity CEO, Rob Edwards.
Posted by AGORACOM-JC
at 5:45 PM on Friday, October 18th, 2019
HPQ Silicon makes its strongest case ever for the lead it has taken in the commercialization of its’
Solar grade silicon;
Silicon wafers for Li-ion batteries
High purity silicon for high value niche applications;
Metallurgical grade silicon at prices the industry has never seen before;
More than just lip service that we have typically come to expect from 98% of small cap companies, the Company’s pilot plant is about to go live and produce test samples of silicon wafers for batteries and is supported by not 1 but 2 (TWO) world class technology partners that validate both the HPQ process and commercialization plan.
This is a powerful presentation that is worthy of your time to watch and learn about the rise of HPQ Silicon.
