Palladium is the main payable metal accounting for 65% of revenue stream based on 2019 PEA.
1:0.4 (Pd:Pt).
Excellent infrastructure and within 100 kilometers of the Sudbury Metallurgical Complex.
NI 43-101 Mineral Resource Estimation (Q1 2019)
PEA done Q3 2019.
2020 plan to follow up on PEA recommendations.
Preliminary Economic Assessment demonstrates positive economics for a large-scale open pit mining operation.
PEA Highlights (CDN$):
Life of mine (LOM) of 14 years, with 6 million tonnes annually of potential process plant feed at an average grade of 0.88 g/t Palladium Equivalent (PdEq) and process recovery rate of 80%, resulting in an annual average payable PdEq production of 119,000 ounces.
Pre-Production capital requirements: $495 M.
Undiscounted cash flow before income and mining taxes of $586M.
Undiscounted cash flow after income and mining taxes of $384M.
Average unit operating cost of $19.50/tonne over the life-of-mine.
Potential for up to 325 jobs at the peak of production.
Using March 11, 2020 spot Palladium price (US$2,275/oz) River Valley Project After-tax IRR is 30% and After-tax NPV (5%) is $C858M.
New Age Metals Inc. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 3:55 PM on Friday, March 27th, 2020
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
The thematic case for nickel
Nickel has exciting long-term prospects as its use in electric vehicle batteries is expected to drive its demand growth in the future
This structural trend has, however, not immunised it against the recent headwinds facing industrial metals
By Mobeen Tahir, Associate Director, Research, WisdomTree.
Nickel has exciting long-term prospects as its use in electric
vehicle batteries is expected to drive its demand growth in the future.
This structural trend has, however, not immunised it against the recent
headwinds facing industrial metals. Industrial metals are cyclical
commodities and their performance is fuelled by global economic growth.
The sector has therefore been under pressure from trade wars and, more
recently, coronavirus. In this blog, we want to shift the focus back to
nickel’s strategic case. We remain cognizant that the current storm is
not over yet but expect a smoother sail once the existing headwinds
subside.
Analysing nickel’s recent history
Nickel has strongly outperformed the industrial metals basket
(composed of copper, zinc, aluminium and nickel) in the last 3 years
(Figure 1). The sector has faced challenges since the advent of trade
wars in 2018 both directly due to tariffs and indirectly via a resulting
slowdown in global economic activity. Nickel too has had its share of
price volatility during this time. The metal rallied sharply in July
2019 on the expectation that Indonesia, which produces a quarter of
global nickel supply, will bring forward its nickel ore export ban by 2
years to January 2020. Indonesia announced this decision soon
thereafter. Concerns of supply shortages drove the price in a market
which was already in a deficit. Nickel’s fortunes reversed in the last
quarter of 2019 as stainless-steel demand, which currently accounts for
nearly two-thirds of the metal’s use, dwindled. The dynamics of the
nickel market are however changing which is why we have an optimistic
view of the future.
Source: WisdomTree, Bloomberg. Monthly data from 01/01/2017 to
03/01/2020. Industrial metals basket refers to the Bloomberg Industrial
Metals Subindex.
Battery solutions to take a larger share of nickel
According to metal experts Wood Makenzie, battery solutions are
expected to account for more than 30% of the total demand for nickel by
2040, up from around 4% today (Figure 2). This is because electric
vehicles are forecasted to be around 50% of all passenger car sales by
2040, up from around 8% today. Batteries need to become more efficient
to enable this growth and nickel is expected to play a pivotal role.
According to the Nickel Institute, nickel-containing Lithium-ion
batteries are powering the electric vehicle revolution as nickel in
batteries helps deliver higher energy density and greater storage
capacity at a lower cost. This will allow electric cars to have both a
longer range, i.e. the ability to drive longer distances without
requiring a recharge, and lower cost promoting wider adoption.
Now, the impact on price from demand growth can, in theory, be offset
by an equal increase in supply. We, however, believe that supply growth
will be much slower as, according to Wood Mackenzie, the average time
for a new nickel mining project to start producing the metal is around 9
years. Miners will seek higher prices to be incentivised to undertake
such projects.
Source: WisdomTree, Wood Mackenzie. Forecasts (F) from 2019.
It is uncertain how quickly the current headwinds facing industrial
metals will dissipate. Having said that, the market dynamics of nickel
are changing and the long-term outlook appears promising for the metal
supported by a thematic shift towards electric vehicles which is being
powered by nickel-containing batteries. With the nickel market already
in a supply deficit, we expect growing demand to support its price in
the long-term.
Posted by AGORACOM-JC
at 12:45 PM on Friday, March 27th, 2020
SPONSOR: Datametrex AI Limited
(TSX-V: DM) A revenue generating small cap A.I. company that NATO and
Canadian Defence are using to fight fake news & social media
threats. The company announced three $1M contacts in Q3-2019. Click here for more info.
Covid-19 fake news hacks its way onto government blockchain website
On March 14, the government in Argentina disclosed that its system had effectively been hacked.
Perpetrator(s) uploaded false information regarding guidelines for public officials on handling the coronavirus (Covid-19) onto the country’s official bulletin website, which just so happens to use blockchain technology.Â
As a result, officials took the site temporarily offline.
Correspondingly, another issuance will be necessary to disclaim the false statements posted on its 34,239 editions.
Have the blockchain gods forsaken the government of Buenos Aires? Not exactly. Blockchain isn’t bullet-proof.
Hacked! Why Argentina’s case is a big deal
Perhaps you’re wondering, “what’s the big deal? It’s just a bulletin.â€
No, it’s not just a bulletin.
Many countries have their own official bulletin or gazette wherein
laws, notifications, or other big-deal, high-level government
information is formally announced.
In Argentina, it’s known as the BoletÃn Oficial. Mexico’s is christiend the Diario Oficial de la Federación. In the US it’s called the Federal Register.
And the fact that something of such substantial importance in
government communications was hacked is both alarming and interesting.
First off, blockchain-based systems are often hailed as more fool-proof to this type of manipulation.
And that’s because each block within the chain is supposed to have
its own unique cryptographic fingerprint and use what’s known as a
“consensus protocol.†Through this protocol, the nodes on the network
share and record transactional history.
Thanks to these mechanisms, in theory, not just any outsider can show up and manipulate the data.
But with some creativity and determination, hackers can bust through blockchain’s apparently impenetrable defenses.
Secondly, everyone is well aware of how fake news can make its way
onto social media. As a result, we’re consistently advised to only rely
on official sources, like government websites, for more information on
the pandemic.
The hacking of a government outlet like Buenos Aires’ means that no
source is 100 percent safe and fool-proof to being used as a platform to
broadcast false statements.
That’s why we should make an effort to consult additional sources for
more information. Especially for a topic as sensitive as healthcare.
And remember, if the government is hackable, so are you. So take the necessary precautions to protect your own data and systems.
Posted by AGORACOM-JC
at 8:35 AM on Thursday, March 26th, 2020
Highlights:
Cash balance of CAD $10 million and runway for well over a year;
On track to sign definitive manufacturing agreement with US infant nutrition partner during Q2-2020;
US product launch planned for Q2-2020; and
New online store and pre-order ability within weeks
VANCOUVER, March 26, 2020 – Else Nutrition Holdings Inc.(the “Company” or “Else Nutrition” or “Else“) (TSXV: BABY) (OTCQB: BABYF), a developer of novel plant based infant and toddler nutrition, is pleased to provide a corporate update.Given the unforeseen circumstances caused by the coronavirus (COVID-19) pandemic across the globe, the Company feels it is imperative to communicate its business progress and corporate status to stakeholders and the communities we serve.
Given the impact of the pandemic to many aspects of everyday life and
to the Company’s business, including travel, transportation and
manufacturing, Else is making a conscious effort to be increasingly
capital efficient and conservative, while striving to execute its goals
successfully. The Company is making all efforts to launch its
plant-based toddler nutrition in the US in Q2-2020 as planned.
Runway and Balance Sheet In February the Company closed a CAD $8 million equity financing, which included a strategic investment of CAD $5.75 million
by NewH2 a subsidiary of Health & Happiness (H&H) International
Holdings Ltd. H&H is a Hong Kong Stock Exchange (code 1112-HK)
company with revenues of over US$1.46 billion (2018).
The Company’s current cash and cash equivalents are about CAD $10 million, with no long-term debt.
The Company has sufficient liquidity and capital to fund its
operations for well over a year while fully executing on all aspects of
the business.
Product Launch & Marketing As previously
announced, the Company plans to launch its plant-based toddler nutrition
product in the US in Q2-2020, and continues working hard on several
fronts to achieve this target.
The Company had planned to soft launch the products at Natural Food
Expo West, during the first week of March, however, given the pandemic,
the event was cancelled. However, in preparation for the event and
planned launch, Else completed a comprehensive branding process which
includes product packaging, social media channels and a new website that
features an online store. The online store will open for pre-orders in
the coming weeks. The new website can be visited at: www.elsenutrition.com.
Over the next few weeks, the Company will begin sending product
samples to consumers, influencers and retail partners in conjunction
with a social and digital marketing campaign for the launch.
Additionally, the Company is actively engaged with potential retail
brokers and distributors that have a track record of getting novel
products onto retail shelves. The initial geographical focus of these
efforts is Los Angeles and New York City.
While Q2-2020 remains the targeted launch date the Company will
closely monitor the global pandemic and resulting market conditions to
ensure a successful product launch.
Operations As a part of H&H’s strategic
investment in Else the Company has also entered into a distribution MOU
whereby the two parties will negotiate definitive distribution
agreements for several territories including: France, Australia and China (Hong Kong; Cross-Border and Mainland China). The Company expects to have the first definitive agreement in place in Q3-2020.
Furthermore, in February 2020 the Company announced an MOU with a US-based manufacturing partner (see February 4, 2020
press release) and continues to work towards a definitive manufacturing
agreement that includes a capex investment with the partner. The
Company expects to have the definitive manufacturing agreement by April 2020.
“We are very appreciative of our team, shareholders, suppliers,
partners, customers and communities for their ardent support and
understanding during these unpredictable times and wish everyone the
best as we navigate the next few months together. We remain unwavering
in our mission to bring sustainable, clean, plant-based baby and toddler
nutrition alternatives to families worldwide – fulfilling the
outpouring of requests we’ve had from eager parents. We look forward to
updating everyone with positive news and encourage anyone with a
question or concern to reach out to us directly,” said Ms. Hamutal Yitzhak, CEO and Co-Founder of Else Nutrition.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The securities described herein have not been registered under
the U.S. Securities Act or any state securities laws, and may not be
offered or sold in the United States absent registration or
an applicable exemption from registration requirements under the U.S.
Securities Act and any applicable state securities laws.
Certain information contained herein constitutes “forward-looking
information” under Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with respect to
the Private Placement and the NewH2 Private Placement
and the completion thereof and the use of proceeds. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as “will” or variations of such words
and phrases or statements that certain actions, events or results “will”
occur. Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made and they
are subject to known and unknown risks, uncertainties and other factors
that may cause the actual results to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information, including: delays in implementing the
business plans including timing of product launch resulting from the
Covid-19 pandemic, the receipt of all necessary regulatory approvals,
use of proceeds from the financing, capital expenditures and other
costs, and financing and additional capital requirements. Although
management of the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements or forward-looking information,
there may be other factors that cause results not to be as anticipated,
estimated or intended. 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.
Accordingly, readers should not place undue reliance on forward-looking
statements and forward looking information. The Company will not update
any forward-looking statements or forward-looking information that is
incorporated by reference herein, except as required by applicable
securities laws.
Ms. Hamutal Yitzhak, CEO of Else Nutrition, Email: [email protected]; Mr. Sokhie Puar, Director of Else Nutrition, Telephone: 604-603-7787, Email: [email protected] CNW Group 2020
Posted by AGORACOM-JC
at 4:52 PM on Wednesday, March 25th, 2020
In October of 2019, PyroGenesis announced a $20M contract, in which its technology would be used by one of the biggest high-tech aluminum smelters in the world. Yesterday, the Company received it’s first $1.44M payment of a total of $8M to be received over the next several weeks.
If that wasn’t enough, after already having sold two plasma torch based systems to the US Navy for installation on two aircraft carries, PyroGenesis the Company has already been advised by the US Navy that $13.5M in orders are coming for two more aircraft carriers. Â
To this end, investors will be happy to hear that PyroGenesis has been deemed an essential service, is fully operating with almost all employees working remotely and does not foresee any demand side or supply chain issues hampering the Company’s operations. Â
Finally and perhaps most importantly, CEO Peter Pascali discusses the civil duty reasons behind his $100,000 donation to Quebec healthcare in its fight against COVID-19, as well as, the corporate duty reasons for not laying off a single employees despite a virtual shutdown of the global economy. Â
On all fronts, this is the most powerful interview we have ever produced with a Canadian small cap company. Â
If you are just discovering PyroGenesis (PYR:TSXV) then grab your favourite drink and watch this powerful video …. or listen in via podcast when you want to tune out the world and learn about an incredible company. Â
Please be sure to share this interview with your networks. Thank-you.
“The primary reason I wanted to make this donation was to demonstrate
to the health care workers of Quebec, the doctors, the nurses and
support staff, that the public has their back in our battle against
COVID-19,†said Mr. Pascali. “That we will do all in our power to ensure
that they have the tools to do the job we know they so desperately want
to do properly.â€
At the same time Mr. Pascali called upon Quebec Industry leaders,
sports figures, and other luminaries to support him in this challenge:
“This is a group effort,†he said, “The Government is doing an amazing
job. The health care workers are the unsung heroes in this crisis. Now
it is time to do our part. The tragedy unfolding today has not been seen
on this scale since World War II. This is not the time for us to stand
idly by. Quebec needs you. Your friends and family need you. Above
all, those on the front line, who may be caring for you or a loved one
very soon, need you.â€
Mr. Pascali was quick to note that “As we are starting to hunker down
to weather the storm, and the bars, sports events and restaurants
close, we have each surely saved $10. If each of us donates $10 to the
cause, we will collect well over $50 million.â€
When asked why he chose these institutions for his donations, Mr.
Pascali answered simply, “They represent both French and English sector
hospitals, and quite frankly this virus is oblivious to language,
religion, color, sex or creed. As such I thought it fitting to fund
these institutions. They all have their jobs to do.â€
In conclusion, Mr. Pascali had a special message to some of the
younger, more driven, members of Quebec: “To all those teenagers and
young adults sitting at home who may, or may not, be able to contribute
financially to the extent they would like, there is a lot you can do.
You can make this into a movement by sharing and blogging what we are
trying to do. You may not realize it now, but you are players in a
crisis of historical proportion. You can change its course by working
your magic. You have the power to turn this into a tsunami of support
and save lives with the same effect as if you were a health care
provider on the front lines. These health care providers will not let
you down. Let us not let them down.â€
Posted by AGORACOM-JC
at 5:15 PM on Tuesday, March 24th, 2020
SPONSOR: Datametrex AI Limited
(TSX-V: DM) A revenue generating small cap A.I. company that NATO and
Canadian Defence are using to fight fake news & social media
threats. The company announced three $1M contacts in Q3-2019. Click here for more info.
This is How Malicious Deepfakes Can Be Beat
The growth of image manipulation techniques is eroding both trust and informed decision-making.
Although it is impossible to ID and prove fakes in real time, we can ascertain which images are truthful.
Software already exists that can verify images’ provenance – the next step will be hardware-based.
Today, the world captures over 1.2 trillion digital images and
videos annually – a figure that increases by about 10% each year.
Around 85% of those images are captured using a smartphone, a device
carried by over 2.7 billion people around the world.
But as image capture rates increase, so does the rate of image
manipulation. In recent years the level and speed of audio visual (AV)
manipulation has surprised even the most seasoned experts. The advent of
generative adversarial networks (GANs) – or ‘deepfakes’ – has captured
the majority of headlines because of their ability to completely
undermine any confidence in visual truth.
And even if deepfakes never proliferate in the public domain, the
world has nevertheless been upended by ‘cheapfakes’ – a term that refers
to more rudimentary image manipulation methods such as photoshopping,
rebroadcasting, speeding and slowing video, and other relatively
unsophisticated techniques. Cheapfakes have already been the main tool
in the proliferation of disinformation and online fraud, which have had
significant impacts on businesses and society.
The growth of image manipulation has made it more difficult to make
sound decisions based on images and videos – something businesses and
individuals are doing at an increasing rate. This includes personal
decisions ranging from purchases on peer-to-peer marketplaces, meeting
people when online dating, or voting; and business decisions, like
fulfilling an insurance claim or executing a loan. Even globally
important decisions are impacted, such as the international response to
images and videos displaying atrocities or egregious violence in
conflict zones or non-permissive areas, and much more.
Each of these very different use cases highlights two contradictory
trends; we rely on images and videos more than ever before, but we trust
them less than we ever have. This is a significant gap that is growing
by the day and has forced government and technologists to invest in
image-detection technology.
Unfortunately, there is no sustainable way to detect fake images in
real time and at scale. This sobering fact will likely not change
anytime soon.
There are several reasons for this. First, almost all metadata is
lost, stripped or altered as an image travels through the internet. By
the time that image hits a detection system, it will be impossible to
reproduce lost metadata – and therefore details like the original date,
time, and location of an image will likely remain unknown.
Second, almost all digital images are instantly compressed and
resized once they are shared across the internet; while some
manipulations are benign (such as recompression), others may be
significant and intended to deceive the content consumer. In either
case, the recompression and resizing of images as they are uploaded and
transmitted makes it difficult, if not impossible, to detect pixel-level
manipulations due to the loss of fidelity in the actual photo.
Third, when an automated or machine-learning-based detection
technique is identified and democratized, bad actors will quickly
identify a workaround in order to remain undetectable.
What makes detection even more difficult is social media, which
disseminates content – fake or real – in seconds. Those intent on
deceiving can inject fake content onto social media platforms instantly.
Even successful debunking would likely be too late to stop the fake
content from spreading, and cognitive dissonance and bias would more
greatly influence consumers’ decisions.
So if detection will not work, how do we arm people, businesses and
the international community with the tools to make better decisions?
Through images’ provenance. If the world cannot prove what is fake, then
it must prove what is real.
Today, technology does exist – such as Controlled Capture, software
developed by my company, Truepic – that is able to both establish the
provenance of images and to verify critical metadata at the point of
capture. This is possible thanks to advances in smartphone tech,
cellular networks, computer vision and blockchain. However, to truly
restore trust in images on a global level, the use of verified imagery
will need to scale beyond software to hardware.
To achieve this ambitious goal, image veracity technology will need
to be embedded into the chipsets that power smartphones. Truepic is
working with Qualcomm Technologies, the largest maker of smartphone
chipsets, to demonstrate the viability of this approach. Once complete,
this integration would allow smartphone makers to include a ‘verified’
mode to each phone’s native camera app – thus putting verified image
technology into the hands of hundreds of millions of users. The end
result will be cryptographically-signed images with verified provenance,
empowering decision-makers to make smart choices on a personal,
business or global scale. This is the future of decision-making in the
era of disinformation and deepfakes.
Posted by AGORACOM-JC
at 4:13 PM on Tuesday, March 24th, 2020
As the impact of COVID-19 is felt across the globe, and with the reported cases of the corona virus spreading rapidly across Canada and the US, Primo proudly introduced a line of hand sanitizers in collaboration with Beauty Kitchen to help mitigate the spread of germs.
The directors of Primo are passionate about wanting to help their
local communities fight the spread of germs by manufacturing the “Primo
Clean†hand sanitizer and giving it away for free.
Posted by AGORACOM-JC
at 1:09 PM on Tuesday, March 24th, 2020
Announced today that, further to its press release dated February 26th, 2020, the Company has received the first payment of approx. $1.44M under the exclusivity contract with Drosrite International LLC
In addition to the payment received today, PyroGenesis expects to receive further payments, the timing of which has been scheduled to match DI’s cash flow.
As previously disclosed, and as part of this exclusive arrangement between DI and PyroGenesis, DI will pay PyroGenesis approximately, based on current exchange rates, $25M over the next 12 months as well as approx. $3M per year (fixed) for the next two (2) years, together with a variable amount for the subsequent 18 years based on certain international benchmarks.
MONTREAL, March 24, 2020 — PyroGenesis Canada Inc. (http://www.pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation†or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, is pleased to announce today that, further to its press release dated February 26th, 2020, the Company has received the first payment of approx. $1.44M under the exclusivity contract with Drosrite International LLC (“DI†or the “Clientâ€).
In addition to the payment received today, PyroGenesis expects to
receive further payments, the timing of which has been scheduled to
match DI’s cash flow.
“The receipt of this first payment marks an important milestone for
PyroGenesis as it triggers the official beginning of the project between
DI and their client, in terms of benchmarks and deadlines,†said Mr. P.
Peter Pascali, President and CEO of PyroGenesis. “We are also happy to
confirm that the supply chain is intact despite this pandemic. Once
again, we are proud to see the DROSRITE™ technology being adopted by one
of the premier aluminum smelters in the world. It indeed validates
PyroGenesis’ DROSRITE™ technology, as it has become the dross processing
solution of choice to a very credible end-user.â€
As previously disclosed, and as part of this exclusive arrangement
between DI and PyroGenesis, DI will pay PyroGenesis approximately, based
on current exchange rates, $25M over the next 12 months as well as
approx. $3M per year (fixed) for the next two (2) years, together with a
variable amount for the subsequent 18 years based on certain
international benchmarks.
DI is a US based private company duly constituted and existing under
the laws of the State of Delaware, providing state-of-the-art waste
management technologies to the aluminum industry. DI is duly licensed by
PyroGenesis to manufacture, market, sell and distribute DROSRITE™
systems and technology to the Kingdom of Saudi Arabia, and certain other
countries in the Middle East, on an exclusive basis. All DROSRITE™
systems supplied by DI are manufactured in the USA.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is the world leader in
the design, development, manufacture and commercialization of advanced
plasma processes and products. We provide engineering and manufacturing
expertise, cutting-edge contract research, as well as turnkey process
equipment packages to the defense, metallurgical, mining, advanced
materials (including 3D printing), oil & gas, and environmental
industries. With a team of experienced engineers, scientists and
technicians working out of our Montreal office and our 3,800 m2
manufacturing facility, PyroGenesis maintains its competitive advantage
by remaining at the forefront of technology development and
commercialization. Our core competencies allow PyroGenesis to lead the
way in providing innovative plasma torches, plasma waste processes,
high-temperature metallurgical processes, and engineering services to
the global marketplace. Our operations are ISO 9001:2015 and AS9100D
certified, and have been since 1997. PyroGenesis is a publicly-traded
Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR)
and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com
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
Corporation’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
Corporation with respect to future events and are subject to certain
risks and uncertainties and other risks detailed from
time-to-time in the Corporation’s ongoing filings with the securities
regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com.
Actual results, events, and performance may differ materially. Readers
are cautioned not to place undue reliance on these forward-looking
statements. The Corporation 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, its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) nor the OTCQB accepts responsibility for the
adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact:
Rodayna Kafal, Vice President Investors Relations and Strategic Business Development, Phone: (514) 937-0002, E-mail: [email protected]
Posted by AGORACOM-JC
at 9:37 AM on Tuesday, March 24th, 2020
Signed a production order with Celebrity Driven Brand Beauty Kitchen to provide a free non-hydroalcoholic gel to local communities after fears of hand sanitizer shortages.
VANCOUVER, British Columbia, March 24, 2020 — PRIMO NUTRACEUTICALS INC. (CSE: PRMO) (OTC: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Primo” or the “Company”)Â is pleased to announce that it has signed a production order with Celebrity Driven Brand Beauty Kitchen to provide a free non-hydroalcoholic gel to local communities after fears of hand sanitizer shortages.
As the impact of COVID-19 is felt across the globe, and with the reported cases of the corona virus spreading rapidly across Canada and the US,
Primo Nutraceuticals feel it is our obligation, as corporate citizens,
to address every aspect of our operations with the goal of ensuring that
our workplace has proper business protocols in place for business to
continue; and that our business community, friends, family and the
public at large are safe guarded. We are proud to introduce a line of
hand sanitizers in collaboration with Beauty Kitchen to help mitigate
the spread of germs in our communities.
The directors of Primo are passionate about wanting to help their
local communities fight the spread of germs by manufacturing the “Primo
Clean†hand sanitizer and giving it away for free.
Andy Jagpal, President Comments:
“Through this initiative, Primo intends to help address the risk
of a lack of hand sanitizer products in our local communities which will
enable a greater number of people to continue to take the right action
to protect themselves from the spread of the germs.”
PRIMO’s move comes in the wake of widespread shortages of hand
sanitizer across the globe. In New York Gov. Andrew Cuomo announced that
the state would be employing inmates in order to produce its own hand sanitizer.
The CDC
recommends washing your hands with soap and water whenever possible as
it will significantly reduce the amount of all types of germs and
chemicals on hands. However, if soap and water are not available, using
hand sanitizer can help you avoid spreading germs to others. Please note
however, that hand sanitizers may not be as effective when hands are
visibly dirty or greasy.
About Beauty Kitchen
Beauty Kitchen is a company that manufactures fresh handmade beauty
care, personal care, and cosmetics products, which was born from the
hugely popular Beauty Kitchen YouTube series.
The founder, Heather Marianna, a bubbly social media personality,
translated her passion for looking and feeling her absolute best into
the development of her all-natural beauty and skincare product line.
Beauty Kitchen’s founder and CEO, Heather Marianna, skyrocketed in
popularity with the launch of her Beauty Kitchen YouTube series in 2012
where she showcased simple, do-it-yourself beauty recipes made with
common kitchen household ingredients. The series generated a powerful
following of more than 4 million viewers. Beauty Kitchen is regularly featured in: Forbes,
The Source, MTV, Bravo, The New York Post, People, Flipsnack, Vegas,
Star Magazine, Radar Online and many more media outlets with a large
following of celebrities who use their products which include; Sean
“Puffy†Combs, Christina Milian, David Arquette, George Lopez, Larissa
Lima, Shark Tank’s Barbara Corcoran, Candace Cameron, Jen Harley, Lou
Ferrigno, The Real Housewives of Beverly Hills and others. For more information visit:www.beautykitchenonline.com
About Primo Nutraceuticals
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.
“Andy Jagpalâ€
President and Director
To learn more about what this news means to the shareholders visit https://marketnewsfirst.com/primo-nutraceuticals
For further information, please contact Zoltan, IR Representative at: 604-722-0305 [email protected].
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.
