|To: LoneClone who wrote (16585)||11/27/2019 3:56:38 PM|
|Piedmont Lithium Receives Federal Permit to Develop Mine|
TEST Business Wire ReleasesNovember 26, 2019
- A Section 404 Permit has been issued to Piedmont Lithium by the US Army Corps of Engineers
- The Permit was issued 11 months after application and within the Company’s announced timetable
- The 404 Permit is the only federal permit required for the development of the Piedmont Lithium Mine
- Piedmont is accelerating its integrated lithium hydroxide strategy with DFS expected in Q4 2020
Piedmont Lithium Limited ("Piedmont" or "Company") is pleased to announce that it has received a Clean Water Act ("CWA") Section 404 Standard Individual Permit ("Section 404 Permit") from the US Army Corps of Engineers ("USACE") for the Company’s 100% owned Piedmont Lithium Project ("Project") in North Carolina, USA. The USACE completed an Environmental Assessment ("EA") of the Project in conjunction with six other state and federal agencies based on Piedmont’s December 2018 permit application and the Company’s responses to agency and public comments. The EA resulted in a Finding of No Significant Impact for the Project. The Section 404 Permit is the only federal permit required for the proposed mine and concentrator.
This press release features multimedia. View the full release here: businesswire.com
Piedmont Lithium and HDR receiving final permit authorization from USACE (Photo: Business Wire)
The Company has also received a CWA Section 401 Individual Water Quality Certification from the North Carolina Division of Water Resources. HDR Engineering’s Charlotte Office acted as lead consultant in the preparation of both permit applications.
The 404 and 401 permit approvals were achieved on the Company’s planned permit timeline originally announced in April 2018 and represent a major milestone in the development of the Project.
Piedmont will now accelerate development activities for the integrated lithium chemical business and the Company expects to complete a preliminary feasibility study ("PFS") for its lithium hydroxide plant in Q2 2020 and a definitive feasibility study ("DFS") for the Company’s integrated project by the end of 2020.
Keith D. Phillips, President and Chief Executive Officer, commented: "Securing a Section 404 Individual Permit is a major milestone for any natural resource project in the United States, and we are very pleased to have received this authorization. I want to thank our team members and advisors who have worked so diligently and cooperatively throughout this rigorous process, and also express our thanks to the Army Corps of Engineers for the highly professional manner in which they have approached this Project from day one. We will now move forward with the permitting of our chemical plant operations during 2020. Our project is unique in being the only spodumene-to-hydroxide project in the United States, and now also stands out as the most advanced American lithium project from a permitting perspective. We are very excited about the important milestones ahead of us as we look to deliver a DFS for a fully permitted integrated project by the end of 2020."
Click here to view the full ASX Announcement.
View source version on businesswire.com: businesswire.com
Keith D. Phillips | President & CEO
+1 973 809 0505
Anastasios (Taso) Arima | Executive Director
+1 347 899 1522
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|To: LoneClone who wrote (16586)||11/27/2019 3:58:53 PM|
|Pure Energy Minerals Provides Update on the Clayton Valley Lithium Project|
NewsfileNovember 26, 2019
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2019) - Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) (the "Company" or "Pure Energy") is pleased to report on the resumption of activities at its 100%-held Clayton Valley lithium brine project ("CV Project") located in Esmeralda County, Nevada.
Pure Energy's strategic partner, Schlumberger Technology Corporation ("SLB") has begun the initial steps to advance its option to test, develop and acquire the CV Project. In May of 2019, Pure Energy and SLB signed an Earn-In agreement over the CV Project which requires significant investment by SLB at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate ("lithium hydroxide" or "LiOH·H2O") and/or lithium carbonate products at a specified rate. SLB will act as operator of the CV Project and will assume all costs and direction related to the project during the earn-in period. SLB has a 3-year period in which to achieve the goals to execute the Earn-In Agreement.
Pure Energy published a Preliminary Economic Assessment study ("PEA") for the CV Project (news releases of June 26, 2017 and April 6, 2018) which details the Project's drilling results, brine testing and resource calculation for a partial area of the CV project. The lithium-bearing brines identified at the Clayton Valley Project are of high quality with very low impurity levels and have been shown by small scale pumping tests to be amenable to conventional extraction. For further details, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on Sedar.com.
SLB plans to utilize both in-house and commercially available technology in the design of the CV pilot plant, including several components derived from Pure Energy's previous studies. SLB's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA.
On January 3, 2019, the Nevada Division of Water Resources ("NDWR") approved and granted a Finite Term Water Right to Pure Energy, through its wholly-owned subsidiary Esmeralda Minerals LLC, for the extraction of up to 50 acre-feet of water during a 5-year period from the CV properties. This water right is deemed sufficient for brine testing requirements and SLB's future pilot plant facility.
The Company also reports that all 2019 property maintenance payments to the Bureau of Land Management ("BLM") and Esmeralda County were made on schedule for the 948 claims which comprise the CV Project.
As preparation and project work by SLB proceed at the CV Project, Pure Energy plans to make periodic updates to shareholders. "Pure Energy is very pleased that Schlumberger is moving forward in the design and regulatory steps for construction of the new pilot plant. SLB brings significant capability and technical expertise to the CV Project and is focused on the project's potential," stated Mary Little on behalf of Pure Energy.
About Pure Energy
Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 948 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's Clayton Valley Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation.
The Company has completed a Preliminary Economic Assessment ("PEA") for the Clayton Valley Project (news releases of June 26, 2017 and April 6, 2018) which includes an updated resource calculation and a preliminary economic evaluation. The economic analysis presented in the PEA is based upon inferred mineral resources only. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the Project envisioned by the PEA will be realized.
Walter Weinig, Professional Geologist and Qualified Person as designated by the Mining and Metallurgical Society of America (MMSA registration #01529QP), is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Weinig is not independent of the Company, as he is a former officer.
On behalf of the Board of Directors,
"Mary L. Little"
Director, Pure Energy Minerals Ltd.
Pure Energy Minerals Limited ( www.pureenergyminerals.com)
Telephone: 604 608 6611
Cautionary Statements and Forward-Looking Information
The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include future exploration and development on the CV Project. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
The Company does not undertake to update any forward-looking information, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
To view the source version of this press release, please visit newsfilecorp.com
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|From: LoneClone||11/27/2019 4:03:37 PM|
|Hexagon Shareholders Approve Rare-Earth Investment|
November 25, 2019 12:13 ET | Source: Hexagon Resources Limited
TORONTO, Nov. 25, 2019 (GLOBE NEWSWIRE) -- Hexagon Energy Materials Limited (ASX:HXG) (“Hexagon” or the “Company”) is pleased to announce strong shareholder support for its updated business strategy. Shareholders voted overwhelmingly to support the change of the Company’s name to Hexagon Energy Materials Limited, reflecting Hexagon’s expanded strategy to include downstream rare-earth processing; rare-earths also being a critical component of the high-growth renewable-energy, energy-storage and electric-vehicle sectors.
At the Company’s Annual General Meeting on November 22, 2019, Chairman Charles Whitfield told shareholders, “We believe that the RapidSX™ rare earth element (“REE”) separation technology, developed by Innovation Metals Corp. (“IMC”) that Hexagon has optioned has the potential to transform the rare earths value chain as it fundamentally changes the economics around new REE project development. At the same time, Western businesses and governments are becoming increasingly focused on security of supply and the RapidSX process could unlock resources and supply chains to provide a competitive alternative for industry.”
Hexagon’s Managing Director, Mike Rosenstreich commented, “Picking up on Charles’ remarks at the AGM and given the strong support for Hexagon’s expanded strategy and entry into REE processing, we plan to start funding development of the Commercial Demonstration Plant forthwith.”
“Initial work will comprise finalization of the capital budget and schedule leading to commencement of front-end engineering and design work so that ordering and construction can commence early in Q1 of 2020. To earn our 49% interest in American Innovation Metals Inc. (“AIM”), we need to fund the US$2 million build-out of the Demonstration Plant and global patent applications.
We are very excited by this opportunity and with shareholder endorsement we want to get on with it. We look forward to working with IMC’s principals to commercialize the RapidSX approach to meet the wide interest that we are aware of from both existing REE producers and advanced project sponsors.”
Background: Investment into American Innovation Metals
More than 99% of votes cast at the recent Annual General Meeting of Hexagon Shareholders were for a change in the nature and scale of the Company’s activities through the acquisition of a 49% interest in AIM, a special purpose vehicle to commercialize the RapidSX processing technology, which separates the REEs contained in chemical concentrates produced by mine-site operators, to subsequently produce rare-earth oxides (“REOs”) for use by various downstream manufacturers. The RapidSX technology was developed by private Canadian company IMC, the 51% partner in AIM.
For more information about Hexagon's REE business with IMC, please refer to the Company's October 10, 2019 announcement entitled, “ Hexagon Enters Rare Earths Downstream Processing Industry”.
Hexagon has a binding Investment Agreement to acquire 49% of the RapidSX technology for REE separation through AIM. The key points are:
Investment is US$6.0M, comprising: US$2.0M to build out a Commercial Demonstration Plant (“CDP”) within 12 months; andUS$4.0M in deferred payments, payable through Hexagon’s share of future AIM cash flows. Hexagon will contribute commercial and marketing skills, identify/secure feedstocks, generate RapidSX licencing opportunities, and sales/offtakes for REOs produced.
The CDP is planned to be financially self-sustaining following the initial investment for the build-out. Ultimate commercialization could follow-on quickly centred on licensing agreements with interested producers.
REE and Separation Technologies
REOs such as oxides of praseodymium, neodymium, terbium and dysprosium are the precursors used in the production of REE permanent magnets (“REPMs”). REPMs are critical components for more efficient traction motors for electric vehicles, and direct-drive wind turbine generators for renewable power generation, as well as several key defense and high-tech industrial technology applications.
Hexagon considers that REE separation for the production of REOs is the key supply-chain constraint with approximately 85% of REOs produced in China in an opaque and highly controlled market. The dominant separation technology employed for REE separation is solvent extraction (“SX”) which in its conventional form, is highly capital intensive requiring a very large plant footprint to accommodate up to 1,500 individual mixer-settler units to achieve the desired separated REE products.
RapidSX is a form of accelerated SX which IMC has developed and operated successfully at pilot scale for various mixed REE chemical concentrate types, with financial support from the United States Department of Defense. The pilot program demonstrated significant (approximately 70% to 90%) capital cost savings on the equivalent conventional SX separation plant, as well as reduced operating costs. Table 1 below highlights the advantages of RapidSX over conventional SX — the only proven, commercial and established REE separation technology.
Table 1: Features of RapidSX compared to conventional SX circuits
| ||RapidSXTM||Conventional Solvent Extraction||Comment|
|Performance & Efficiency|| |
|Commercial Purity||Yes||Yes|| Increased Separation Kinetics|
Faster metals separationAgnostic on feedstock type
Robust process capable of taking LREE-rich, HREE-rich and even blends of mixed REE feedstocks
|REE Recovery Rates||High||High|
|Time to Equilibrium||Days||Several Weeks|
|Equipment Cost||Low||High|| Considerably reduced footprintCommercially Available|
All construction materials, equipment and chemistry are readily available with no ‘black-box’ technology
|Separation Staging||90% Reduction||Very High|
|Metal Inventory/WIP||Low||High|| |
* Estimated OPEX figures from IMC RapidSX pilot test program
- Low Costs
<US$2/kg for LREOs*
<US$12/kg for HREOs*
- Significantly reduced separation times
| || || || |
About Hexagon Energy Materials Limited
Hexagon Energy Materials Limited is listed on the Australian Securities Exchange (“ASX”) under the ticker code “ HXG”. The Company holds a 100% interest in the McIntosh Graphite Project in Western Australia and an 80% interest in the Ceylon Graphite Project in Alabama, USA. With a current focus on the downstream processing of graphite and other energy materials, Hexagon has attained formidable technical knowledge based on test work of its McIntosh project flake-graphite material, which is applicable and highly valuable for a range of specialty-material applications. The Company’s focus is on creating sustained shareholder value by maximizing near-term growth opportunities to commercialize that downstream business in the USA, where it has forged strong technical, commercial and investor relationships.
Learn more at www.hexagonresources.com
This news release contains projections and statements that may constitute "forward-looking statements" within the meaning of applicable United States, Canadian and other laws. Forward-looking statements in this release may include, among others, statements regarding the future plans, costs, objectives, or performance of Hexagon Energy Materials Limited or the assumptions underlying any of the foregoing. In this news release, words such as "may", "could", "would", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", “goal”, "estimate," and similar words, and the negative forms thereof, are used to identify forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that are beyond the control of Hexagon Energy Materials Limited, and which may cause the actual results, level of activity, performance or achievements of Hexagon Energy Materials Limited to be materially different from those expressed or implied by such forward-looking statements. Such risks and uncertainties could cause actual results, plans and objectives of Hexagon Energy Materials Limited to differ materially from those expressed in the forward-looking information. Hexagon Energy Materials Limited can offer no assurance that its plans will be completed. These and all subsequent written and oral forward-looking information are based on estimates and opinions of Hexagon Energy Materials Limited management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by law, Hexagon Energy Materials Limited assumes no obligation to update forward-looking information should circumstances or the estimates or opinions of Hexagon Energy Materials Limited management change.
North American Media and Investor Relations Contact:
G&W Communications Inc.
telephone: +1 416 915 3150
More articles issued by Hexagon Resources Limited More articles related to: Company Announcement
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|To: LoneClone who wrote (16588)||11/27/2019 4:05:18 PM|
|SRG Mining Receives Mining Permit For Its Lola Graphite Project |
SRG Mining Inc. Nov 27, 2019, 10:44 ET
MONTREAL, Nov. 27, 2019 /CNW Telbec/ - SRG Mining Inc. (TSXV: SRG) ("SRG" or the "Company") today is pleased to announce it has been formally awarded the mining permit for its Lola graphite project (the "Project") near the town of Lola in eastern Guinea, West Africa. The fifteen (15) year renewable permit was officially granted by the Government of Guinea through presidential decree in conformity with the Company's request of March 22, 2019.
"We are very pleased with the efforts and professionalism demonstrated by the Government of Guinea in support of this Project. We see this as a reflection of the maturity of Guinea as a mining jurisdiction who recognizes the importance of diversifying its mining resources." "With the receipt of the mining permit, we will now work closely with the Government in order to negotiate and finalize a mining convention in accordance with the mining regulations" said Ugo Landry-Tolszczuk, President and COO of SRG Mining.
ABOUT SRG MINING
SRG Mining is a Canadian-based mining company focused on developing the Lola graphite deposit located in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally, and ethically responsible manner.
For additional information, please visit SRG's website at www.srgmining.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "will", "continue", "progress", "reasonable", "established", "has", "demonstrate", "potential", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would" or "might". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits including the accuracy of the current mineral reserve and mineral resource estimates of the Company (including, but not limited to, ore tonnage and ore grade estimates) and mine plans for the Company's mining operations (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics); (v) the risk associated with establishing title to mineral properties and assets including permitting, development, operations and production from the Company's operations being consistent with expectations and projections; (vi) fluctuations in commodity prices, finding offtake takers and potential clients and other risks and factors described or referred to in the section entitled "Risk Factors" in the MD&A of the Company and which is available at www.sedar.com, all of which should be reviewed in conjunction with the information found in this news release.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the 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 forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is given as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
SOURCE SRG Mining Inc.
For further information: Ugo Landry-Tolszczuk, Email: firstname.lastname@example.org; Benoit La Salle, FCPA FCA, Email: email@example.com
Related Links srgmining.com
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|To: LoneClone who wrote (16589)||11/29/2019 3:08:31 PM|
|[REE/Fluorite] Commerce Resources Corp. Assays 3.02% REO over 28.4 m in Drill Core from the Ashram Deposit, Quebec|
Thursday, November 28, 2019 3:05 AM
VANCOUVER, BC / ACCESSWIRE / November 28, 2019 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0) (the "Company" or "Commerce") is pleased to announce analytical results for drill core recently analyzed from the Ashram Rare Earth and Fluorspar Deposit, located approximately 130 km south of Kuujjuaq, Quebec. The analytical results announced herein are from drill holes completed in 2016, in which core samples were only recently submitted for analysis.
During the 2016 field campaign, fourteen (14) drill holes totalling approximately 2,014 m were completed as part of the resource definition drilling at Ashram, focused along the northern (EC16-160 and 161), western (EC16-162 to 166, and 170), and southern (EC16-157 to 159, and 167 to 169), margins of the deposit. The drill core was sampled during the 2016 and 2017 field programs; however, due to market conditions at the time, as well as diligent financial prudence, the core was placed into secure storage and only recently submitted for analysis in the fall of 2019.
- EC16-159 - 3.02% REO over 28.4 m, or 3.48% REO over 13.4 m, within larger interval of 2.38% REO over 64.5 m (66.5 m to 131.0 m)
- EC16-158 - 2.18% REO over 36.2 m within larger interval of 1.71% REO over 222.0 m (2.7 m to 224.6 m)
- EC16-166 - 2.16% REO over 53.6 m (1.5 m to 55.1 m)
With assay results now received, the 2016 drill program confirms intervals of strong rare earth element (REE) mineralization through to the outer boundary of the deposit's A-B zones, as evidenced by EC16-166 with 2.16% REO over 53.6 m near the deposit's western margin, and EC16-159 with 2.38% REO over 64.5 m, including 3.02% REO over 28.4 m, near the deposit's southern margin. Further, this intersection from EC16-159 is one of the highest-grades returned from this area of the deposit to date.
In addition to the strong REE mineralization returned at Ashram from the 2016 drilling, robust grades of fluorite continue to be present over wide intervals. These include drill hole EC16-158 with 1.71% REO and 7.2% CaF2 over 222.0 m, including 2.18% REO and 11.5 CaF2 over 36.2 m. The fluorite is passively upgraded in the flowsheet and recovered as a separate product during the primary REE recovery process, and therefore, has been identified as a potential by-product of significant value. Recovery and sale of the fluorite (industrially known as "fluorspar") would also reduce the tailings footprint of the project, resulting in a social and environmental benefit (see news release dated November 15th, 2019).
The 2016 drill hole data will be integrated, along with other mineralogical and structural information, into an updated geological model which will form the basis of a mineral resource update anticipated in 2020. A total of 9,625 m of drilling has been completed at Ashram since the last mineral resource estimate was completed in 2012. Previous drilling at Ashram has traced mineralization to depths of over 600 m, with the final sample of drill hole EC11-050 assaying 4.13% REO (599.9 to 600.5 m), and mineralization remains open in this direction. A summary of the analytical results is presented below in Table 1 as well as a map with assay highlights and drill hole locations in Figure 1 below.
Table 1: Summary of mineralized intercepts for 2016 drill core from Ashram
| Hole ID |
| From |
| To |
| Interval |
| REO |
| CaF2 |
| MH/T |
| Area of Deposit |
| EC16-157 |
| 1.59 |
| 103.45 |
| 101.86 |
| 1.68 |
| 8.4 |
| 8.3 |
| Southern margin |
| incl. |
| 28.48 |
| 41.76 |
| 13.28 |
| 2.00 |
| 9.6 |
| 8.3 |
| || 103.5 |
| 270.02 |
| 166.57 |
| 0.67 |
| 2.9 |
| 10.1 |
| EC16-158 |
| 2.69 |
| 224.64 |
| 221.95 |
| 1.71 |
| 7.2 |
| 7.8 |
| Southern margin |
| incl. |
| 88.45 |
| 124.61 |
| 36.16 |
| 2.18 |
| 11.5 |
| 4.3 |
| EC16-159 |
| 66.5 |
| 131.04 |
| 64.54 |
| 2.38 |
| 2.3 |
| 4.3 |
| Southern margin |
| incl. |
| 84.23 |
| 112.58 |
| 28.35 |
| 3.02 |
| 2.6 |
| 3.5 |
| or |
| 85.60 |
| 99.47 |
| 13.87 |
| 3.48 |
| 2.0 |
| 3.2 |
| or |
| 89.95 |
| 95.50 |
| 5.55 |
| 4.46 |
| 1.4 |
| 2.8 |
| EC16-160 |
| Not sampled - completed for hydrogeological purposes |
| Northern margin |
| EC16-161 |
| 3.52 |
| 108.91 |
| 105.39 |
| 0.73 |
| 1.3 |
| 11.9 |
| Northern margin |
| EC16-162 |
| 2.56 |
| 16.85 |
| 14.29 |
| 1.72 |
| 0.9 |
| 5.7 |
| Western margin |
| EC16-163 |
| 1.89 |
| 108.81 |
| 106.92 |
| 0.67 |
| 1.7 |
| 9.7 |
| Western margin |
| EC16-164 |
| Not sampled |
| Western margin |
| EC16-165 |
| 1.79 |
| 19.5 |
| 17.71 |
| 0.64 |
| 1.3 |
| 8.4 |
| Western margin |
| EC16-166 |
| 1.54 |
| 55.09 |
| 53.55 |
| 2.16 |
| 4.9 |
| 4.7 |
| Western margin |
| EC16-167 |
| 2.25 |
| 87.16 |
| 84.91 |
| 1.55 |
| 8.2 |
| 8.7 |
| Southern margin |
| EC16-168 |
| 81.32 |
| 148.44 |
| 67.12 |
| 0.75 |
| 1.6 |
| 12.5 |
| Southern margin |
| EC16-169 |
| 120.41 |
| 124.46 |
| 4.05 |
| 2.95 |
| 9.4 |
| 3.0 |
| Southern margin |
| EC16-170 |
| 1.80 |
| 43.73 |
| 41.93 |
| 0.85 |
| 3.0 |
| 9.2 |
| Western margin |
(1) REO is the summation of Ce2O3 + La2O3 + Pr2O3 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3
(2) MH-T is the sum of the middle and heavy rare earth oxides (Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3) divided by REO, expressed as a per cent.
(3) Fluorite (CAF2) is calculated based on fluorine analysis, using a conversion factor of 2.055, as mineralogical work concludes fluorite is the only material source of fluorine.
(4) True width is not adequately determined and may vary depending on location within the deposit. Incorporation of the 2019 drill data into the working geological model is anticipated to provide a proper basis for true width to be reasonably estimated.
Figure 1: 2016 drill hole locations and core assay highlights, Ashram Deposit
Near the southeast end of the deposit, drill hole EC16-157 tested a distinct and isolated gravity anomaly, located outside of the 2012 resource shell. From surface, the drill hole intersected mineralization of 1.68% REO over 101.9 m, including 2.00% REO over 13.3 m, as well as demonstrated enrichment in the middle and heavy rare earths. This drill hole was the deepest of the program, at 270.4 m and ended in a wide interval of lower-grade BD-Zone mineralization (0.67% REO over 166.6 m). With the well-mineralized intersection through the top half of the drill hole, the deposit continues to remain open to the southeast. In addition, as initially interpreted, the heavy rare earth enrichment is indicated to be associated with the gravity anomaly and mirrors that of the core zone of middle and heavy rare enrichment at the centre of the deposit, further to the north.
Several of the holes completed along the margins of the main deposit intersected, as anticipated, variable widths of BD-Zone, where bastnaesite is visually observed; however, this unit also demarcates the lower-grade (<1% REO) mineralized halo interpreted to rim much of the main deposit. This is readily evident in drill holes EC16-161, 163, 168, and 170 where intervals of 0.64% to 0.85% REO are returned. These drill holes provide significant control to the geological model and forthcoming resource estimate and were primarily completed for this purpose.
Drill hole EC16-161, completed as a 50 m step out at the north end, may potentially demarcate the northern boundary of the deposit - collaring and ending in BD-Zone. This hole is the only one completed along this line, with drill holes completed on the nearest line, located 50 m to the southeast, returning well-mineralized intervals of A-Zone (e.g. 2.23% REO over 32.0 m from surface in EC15-119 - same drill pad location as EC16-160 which was completed for hydrogeological purposes). Further drilling is required in this area to better characterize the mineralized margin at the deposit's north end.
Each drill hole was collared vertically except for the final hole of the program (EC16-170), which was oriented at approximately 225/60 on the deposits western margin. Hole depths ranged from 53 m to 270 m, with depths pre-determined based on hole positioning within the working pit shell for the purposes of the ongoing Pre-feasibility Study (PFS). All holes were NQ size, except for EC16-160 (HQ), which was completed as a twin of drill hole EC15-119 for hydrogeological purposes (see news release dated October 20th, 2016).
The Ashram Deposit has now been drilled at roughly 50 m centers (distance between holes), with some 25 m infill also completed. Additional infill drilling at 25 m centers may yet be completed ahead of the resource update. The 2016 program and subsequent exploration of the Property is being carried out by Dahrouge Geological Consulting Ltd.
Quality Assurance / Quality Control (QAQC)
A Quality Assurance / Quality Control protocol following industry best practices was incorporated into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate of approximately 5%. Samples were collected in 2016/2017 and shipped to Montreal for secure storage until fall 2019 when they were then shipped to Activation Laboratories in Ancaster, ON for analysis. No samples were collected from drill holes EC16-160 and 164.
Samples were analyzed for major oxides, trace-elements, and REEs using a lithium metaborate/tetraborate fusion followed by ICP-OES or ICP-MS analysis (package Code 8-REE Assay). Fluorine was also analyzed by Fusion ISE (Code 4F-F). Drill core sample preparation was comprised of crushing to 80% passing 10 mesh, followed by a 250 g riffle split and pulverizing to 95% passing 200 mesh (74 µ) (modified Code RX1).
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Ashram Rare Earth and Fluorspar Deposit in Quebec and the Upper Fir Tantalum-Niobium Deposit in British Columbia.
For more information, please visit the corporate website at www.commerceresources.com or email firstname.lastname@example.org.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
President and Director
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.
Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include that, the sale of the fluorspar would reduce the footprint of the Project's tailings management facility as well as provide another revenue stream while also serving as a source of secure supply for the market; and that additional infill drilling may be considered ahead of a resource update, anticipated in 2020; . These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs and reports produced on work done; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
SOURCE: Commerce Resources Corp.
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|To: LoneClone who wrote (16590)||11/29/2019 4:31:21 PM|
Blue Lagoon Announces LOI for Joint Venture with Quebec Based Mag One Operations
Tuesday, November 26, 2019 12:10 PM
VANCOUVER, BC / ACCESSWIRE / November 26, 2019 / Blue Lagoon Resources Inc. ("Blue Lagoon" or "Company") (CSE:BLLG; FSE:7BL; OTC PINK:BLAGF) is pleased to announce that the Company has signed a letter of intent dated November 25, 2019 with Mag One Products Inc. ("MOPI") and its wholly owned subsidiary, Mag One Operations Inc. ("Mag One"), pursuant to which the Company may acquire up to a 70% equity joint venture ownership interest in Mag One by purchasing up to $5.25 million of shares of Mag One (the "Transaction").
Mag One, a private company existing under the laws of Quebec, is a wholly owned subsidiary of MOPI a company trading on the CSE under the symbol "MDD". Mag One has an exclusive license with Tech Magnesium and is currently testing its proprietary process for the production of pure magnesium metal (99.9% Mg) from tailings. The proceeds from the sale of the Mag One Shares to the Company would allow Mag One to rapidly complete this phase of test work and move towards larger scale pilot plant demonstration testing. Mag One has already done extensive pilot scale testing of its patent pending high purity magnesium oxide (MgO) and amorphous silica (SiO2) process from these tailings and will use these funds to complete this work and begin engineering efforts towards a commercial scale demonstration facility.
The proceeds would also be used to upgrade the historical resource to a current NI 43-101 compliant resource. The parties have engaged MRB & Associés of Val d'Or Quebec to conduct the technical work and to prepare a NI43-101 technical report.
"With Mag One's proprietary technology and scientific team, that includes Gillian Holcroft, the 2019 recipient of the MetSoc Environmental Award, we believe there's a unique opportunity to continue the development of Mag One's technology to produce magnesium metal and value added products and by-products. Current magnesium production is mostly from China using a process that emits a significant amount of polluting gasses into the environment. Mag One's approach is to cost effectively transform waste tailings into products without producing any waste. With this approach Mag One has the potential to produce magnesium metal in a low cost and environmentally friendly manner" said Rana Vig, President & CEO of Blue Lagoon Resources. "The only thing that seems to have been missing for Mag One is the money needed to fund and advance its patent pending process - something that Blue Lagoon hopes to alleviate in short order, subject to the completion of a definitive agreement" he said.
The LOI provides that Blue Lagoon may purchase up to 50% interest in Mag One by making cash payments to Mag One of $100,000 upon signing of the definitive agreement, and $300,000, $750,000, $1.1 million and $1.5 million, within 3, 8, 12 and 19 months from the closing under the Definitive Agreement. Blue Lagoon may acquire an additional 20%, subject to MOPI shareholder approval, by making a final payment of $1.5 million within 24 months of closing. The LOI is non-binding other than customary provisions including standstill and confidentiality provisions. Closing of the Transaction is subject to various conditions, including completion of technical and other due diligence investigations, an independent valuation report, entering into a definitive agreement, receipt of all necessary corporate and regulatory approvals, and compliance with stock exchange requirements. The transaction was negotiated at arm's length and no finder's fee is payable.
Technical content of this news release was approved by William Cronk, P.Geo., and a Qualified Person.
For further information, please contact:
President and Chief Executive Officer
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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 completion of due diligence, entering into a definitive agreement and completion of the joint venture with Mag One. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "intends", "believes", "plans to", "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on information 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 different, including due to: the receipt of all necessary regulatory approvals, the ability to complete share purchase, capital expenditures and other costs, and financing and additional capital requirements. Readers should not place undue reliance on forward-looking statements and forward looking information. Blue Lagoon does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
SOURCE: Blue Lagoon Resources Inc.
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|To: LoneClone who wrote (16591)||12/1/2019 4:10:37 PM|
|Defense Metals Drills 4.43% Light Rare Earth Oxide Over 83 Metres the Highest Grade Drill Intercept to Date at Wicheeda Rare Earth Element Deposit |
Defense Metals Corp. Nov 27, 2019, 08:00 ET
VANCOUVER, Nov. 27, 2019 /CNW/ - Defense Metals Corp. ("Defense Metals") (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for drill hole WI19-31 from the recently completed 2019 resource definition diamond drill program at its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada.
Figure 1: Oblique View Wicheeda Deposit 2019 Diamond Drill (CNW Group/Defense Metals Corp.)
Drill hole WI19-31 (-55o dip / 275o azimuth) was drilled to test the northern extension of the Wicheeda REE Deposit and returned 4.43% Light Rare Earth Oxide (LREO; being cerium, lanthanum, neodymium, praseodymium, and samarium oxides (Ce2O3+La2O3+Nd2O3+ Pr2O3+Sm2O3) over a drill core interval of 83 metres; including an interval assaying 5.47% LREO over a drill core interval of 33 metres 1 (Table 1).
Drill hole WI19-31 occurs to the north of the 2019 Wicheeda Mineral Resource Estimate, but within the constraining 2019 Lerchs-Grossman (LG) pit shell2 (Figure 1). Unfortunately WI19-31 was terminated in mineralization at a downhole depth of 138.5 metres due to poor ground conditions and loss of circulation. Assays for additional drill holes (WI19-30 and WI19-32) targeting this area are pending.
Table 1: Wicheeda REE Deposit 2019 Diamond Drill Intercepts
|Hole ID |
|LREO (%) |
|Current News |
|Oct. 31, 2019 |
|Nov. 14, 2019 |
|Nov. 20, 2019 |
Craig Taylor, CEO and President of Defense Metals Corp., commented, "The 2019 Wicheeda REE Deposit drill campaign continues to yield exceptional results. With WI19-31 we have cut the highest grade drill intercept to date on the Project. The results are particularly significant given that WI19-31 occurs at the north end of the Wicheeda Deposit in an area where no prior drilling has been completed. This drill result, in addition to those from previously released holes; clearly illustrates the potential to expand the Wicheeda REE deposit. Defense Metals plans to complete additional drilling of the relatively untested northern zone of the Wicheeda REE Deposit during 2020."
The 2019 Wicheeda REE Deposit resource definition drill program comprised 13 diamond drill holes totalling 2,005 metres that were completed from three separate drill pads, designed to test the northern, southern and western extent of the Wicheeda deposit where it remains open, and to further delineate the relatively higher-grade, near surface dolomite carbonatite unit.
Defense Metals looks forward to receipt of assay results for the remaining 4 drill holes within the coming weeks and will provide additional updates as they are received.
|1 The true width of REE mineralization is estimated to be 70-100% of the drilled interval. |
|2 The Wicheeda REE Deposit Mineral Resource comprises an Inferred Mineral Resource of 11,370,000 tonnes averaging 1.96% LREE (Light Rare Earth Elements) reported at a cut-off grade of 1.0% LREE (sum of cerium, lanthanum, neodymium and samarium percentages). The resource is classified according to the CIM "Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines" dated November 23rd, 2003 and CIM "Definition Standards for Mineral Resources and Mineral Reserves" dated May 10th, 2014. Details with respect to the Mineral Resource Estimate are summarized in the Defense's NI 43-101 technical report titled "Wicheeda Rare Earth Element Project, British Columbia, Canada" effective date of June 20, 2019 available on SEDAR at www.sedar.com. |
Methodology and QA/QC
The analytical work reported on herein was performed by ALS Canada Ltd. (ALS) at Kamloops (sample preparation) and Vancouver (ICP-MS fusion), B.C. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Defense Metals and the QP. Drill core samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250 gram split to 85% passing 75 microns. A 0.1 gram sample pulp was then subject to multi-element ICP-MS analysis via lithium-borate fusion to determine individual REE content (ME-MS81h). Defense Metals follows industry standard procedures for the work carried out on the Wicheeda Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Defense Metals detected no significant QA/QC issues during review of the data. Defense Metals is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.
The scientific and technical information contained in this news release as it relates to the Wicheeda Rare Earth Element Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.
About Defense Metals Corp.
Defense Metals is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of green energy technologies, such as, high strength, light weight, rare earth magnets. Defense Metals' primary focus is to exercise its option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Project. Defense Metals Corp. trades in Canada under "DEFN" on the TSX Venture Exchange, the United States, under "DFMTF" on the OTCQB and the German, Frankfurt Exchange under the symbol of "35D".
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 news release.
Forward Looking Information
This news release includes certain statements that constitute "forward-looking information or statements" within the meaning of applicable securities law, including without limitation, Defense Metals' plans for its properties/projects, assays, drill results, expectations for an expanded resource, other statements relating to the technical, financial and business prospects of Defense Metals, and other matters.
Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of Defense Metals to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Defense Metals will operate in the future, including the price of metals and elements, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct Defense Metals' planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of Defense Metals, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.
Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to rare earth elements, and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that Defense Metals may lose or abandon its property interests or may fail to receive necessary licences and permits; (vi) that environmental laws and regulations may become more onerous; (vii) that Defense Metals may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with Defense Metals' expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; * competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon Defense Metals' history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as "social licence"), including local First Nations; (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of Defense Metals' projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to Defense Metals' prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly.
Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and Defense Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
SOURCE Defense Metals Corp.
For further information: please visit defensemetals.com or contact: Todd Hanas, Bluesky Corporate Communications Ltd., Vice President, Investor Relations, Tel: (778) 994 8072, Email: email@example.com
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|To: LoneClone who wrote (16592)||12/2/2019 1:19:16 PM|
|Eramet obtains exploration permits for mineral sands in Cameroon|
GlobeNewswireNovember 29, 2019
After a call for bids launched in September 2018, the Cameroonian Ministry of Mines, Industry and Technological Development has granted the Eramet Group three-year exploration permits on the rutile block of Akonolinga.
These permits will allow the Eramet teams to conduct the necessary fieldwork and feasibility studies in order to obtain a mining convention. Preliminary exploration campaigns were conducted in the area located in the central region of Cameroon, and identified a strong potential for rutile, a mineral sand composed of titanium, used essentially in the production of pigments.
This project would provide a diversification of the Group product portfolio on the rutile market, which is particularly attractive and would reinforce the mineral sands activities currently operated in Senegal. This development is fully in line with Eramet’s strategy to develop a diversified portfolio of assets through mining exploration on the Group’s strategic metals and in new countries.
This new set up of Eramet in Cameroon will reinforce its footprint in Africa, where it is already strongly involved through its operations in Gabon and Senegal. Beyond this first success, and as part of an approach based on a long-term partnership with the Cameroonian government, Eramet wishes to identify other opportunities in the country for metals already operated by the Group, especially nickel and cobalt.
Our development strategy for all of Eramet’s subsidiaries is based on a strong and lasting establishment in its host countries, built on a partnership-based approach with all stakeholders. As a responsible, committed and contributory company, Eramet develops its projects according to the best international standards in terms of environment, society and ethics. Eramet is committed to a responsible continuous improvement approach in order to place Corporate Social Responsibility at the heart of its activities.
19.02.2020: Publication of 2019 annual results
20.02.2020: Webcast & 2019 annual results presentation
28.04.2020: Publication of 2020 first-quarter sales
Eramet, a global mining and metallurgical group, is a key player in the extraction and valorisation of metals (manganese, nickel, mineral sands) and the elaboration and transformation of alloys with a high added value (high-speed steels, high-performance steels, superalloys, aluminium and titanium alloys).
The Group supports the energy transition by developing activities with high growth potential. These include lithium extraction and refining, and recycling.
Eramet positions itself as the privileged partner of its customers in sectors that include carbon and stainless steel, aerospace, pigments, energy, and new battery generations.
Building on its operating excellence, the quality of its investments and the expertise of its employees, the Group leverages an industrial, managerial and societal model that is virtuous and value-accretive. As a contributive corporate citizen, Eramet strives for a sustainable and responsible industry.
Eramet employs around 13,000 people in 20 countries with sales of approximately €4 billion in 2018.
For further information, go to www.eramet.com
Eramet CP 2019-10 Cameroun EV
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|To: LoneClone who wrote (16593)||12/2/2019 1:59:04 PM|
| U.S. Antimony Reports On Los Juarez Gold And Silver Plant And Antimony Trisulfide Highlights |
Monday, December 2, 2019 8:00 AM
THOMPSON FALLS, MT / ACCESSWIRE / December 2, 2019 / United States Antimony Corporation ("USAC")(NYSE American:UAMY) reported that hydraulic, mechanical, and electrical testing of the Puerto Blanco mill in Guanajuato has been successfully completed. The laboratory is nearing completion, and reagents are being ordered to start the leach testing of gold and silver. John Gustavsen from Montana and Heriberto Torres are heading up the pilot project.
- The Puerto Blanco mill for the Los Juarez gold, silver, and antimony deposit could be ready for cyanide leach testing by the end of December
- Initial Grant payments from the Defense Logistics Agency have been received for the production of samples to be tested by the U.S. Army for use in primers for center-fired ordnance
Puerto Blanco Mill in Guanajuato, Mexico. The square pond on the left is the leach pond. The pond to the right is the flotation pond. Each pond is approximately 5 acres. The crusher, flotation mill, and leach plant are at the lower right of the flotation pond. USAC owns land to the lower right of the facility for future expansion.
USAC is currently testing sulfide antimony ore from Mexico for impurities and flotation recovery, preparing the flotation mill at Guanajuato which will also be used for milling the ore, and preparing furnace equipment in Montana to produce block antimony trisulfide for testing by the U.S. Army at Picatinny, New Jersey.
Estimated sales during November 2019 are as follows:
| Item |
| November 2019 |
| Antimony pounds |
| 127,501 |
| BRZ zeolite tons |
| 925 |
The average Rotterdam price for antimony metal during November 2019 was $6,212.794 per metric ton or $2.818 per pound.
CEO John Lawrence said "Leach testing could be ready at Puerto Blanco by the end of December 2019, and it will also involve the processing of flotation concentrates at Madero. Typical shake down changes, transportation logistics, and a review of costs per ton of ore processed are anticipated. "
About U.S. Antimony
US Antimony is a growing, vertically-integrated natural resource company that has production and diversified operations in precious metals, zeolite and antimony.
Forward Looking Statements:
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations, pending contracts and future revenues, ability to execute on its increased production and installation schedules for planned capital expenditures and the size of forecasted deposits. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-KSB with the Securities and Exchange Commission.
US Antimony Corp.
PO Box 643 47 Cox Gulch Rd.
Thompson Falls, Montana 59873-0643
406-827-3523, FAX: 406-827-3543
SOURCE: United States Antimony Corporation
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|To: LoneClone who wrote (16594)||12/2/2019 2:05:42 PM|
|Standard Lithium Entering Commissioning Phase of Its Lithium Extraction Demonstration Plant at the Arkansas Project Site |
- First-of-a-kind industrial-scale direct lithium extraction demonstration plant, installed in Southern Arkansas
December 02, 2019 06:00 ET | Source: Standard Lithium
EL DORADO, Ark., Dec. 02, 2019 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) an innovative technology and lithium development company, is pleased to announce the successful installation of the Company’s industrial-scale Direct Lithium Extraction Demonstration Plant at Lanxess’ South Plant facility in southern Arkansas (the “Site”). Standard Lithium’s project team has also installed the site office/control room, the lithium-specific analytical laboratory, and a steel-framed, all-weather structure that allows year-round operation. The project team is currently completing all utility/service connections, as well as brine and reagent supply and disposal lines. As soon as these connections are finalised, then Standard Lithium’s 20+ person on-site project team will commence the commissioning phase.
Standard Lithium CEO, Robert Mintak commented, “The commissioning of our industrial-scale pre-commercial plant will solidify Standard Lithium as one of the most advanced lithium projects in North America. Our recently completed Preliminary Economic Assessment contemplates the production of 20,900 tonnes of battery-quality lithium carbonate from existing brine flow, roughly five times the current domestic U.S. production, and that is without drilling a new well. The successful commissioning and operation of the LiSTR extraction technology will provide the proof of concept required for a commercial build decision and then potentially to become the largest producer of lithium chemicals in the United States.”
Standard Lithium’s proprietary LiSTR Direct Lithium Extraction technology will be used to extract lithium from waste brine (tail brine) that is a byproduct of existing bromine production facilities run by Lanxess in south Arkansas, to produce battery-quality lithium chemicals. The industrial-scale pre-commercial plant is designed to continuously process an input tail brine flow of 50 gallons per minute (gpm; or 11.4 m3/hr) from the Lanxess South Plant, which is equivalent to an annual production of between 100-150 tonnes per annum of Lithium Carbonate.
KEY FEATURES OF THIS DISRUPTIVE TECHNOLOGY
Produces lithium chloride (LiCl) directly from un-concentrated raw brine;Reduces recovery time from months to less than a day;Eliminates the massive environmental footprint of evaporation ponds;Returns virtually all water to the source aquifer;Not affected by weather conditions;Vastly increases recovery efficiencies to as much as >90%; and,Unlocks large-scale unconventional brine resources.
Dr. Andy Robinson, Standard Lithium President and COO, commented, “The entire Standard Lithium team continues to deliver a very high-quality product on schedule. We’re now in the final stages of installation and connection, and about to enter the commissioning phase. We have a full complement of staff on site ready to start commissioning, overseen by our site manager, Mr. Bruce Seitz. This is an exciting time for Standard Lithium as we rapidly execute our near-term goal of demonstrating that lithium can be efficiently extracted, at an industrial scale, from Lanxess’ tail-brine in Southern Arkansas.”
Work at the project location at Lanxess’ South Plant facility in southern Arkansas continues to be on-schedule, with first commissioning works expected to start in early December, and full commissioning to happen soon afterward. The final configuration of the installed modules is shown in Figure 1 below, and an overview of the all-weather enclosure is shown in Figure 2.
Photos accompanying this announcement are available at:
About Standard Lithium Ltd.
Standard Lithium (TSXV: SLL) is a specialty chemical company focused on unlocking the value of existing large-scale US based lithium-brine resources. The Company believes new lithium production can be brought on stream rapidly by minimizing project risks at selection stage (resource, political, geographic, regulatory & permitting), and by leveraging advances in lithium extraction technologies and processes. The Company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The Company is currently installing a first-of-its-kind Demonstration Plant that will use the Company’s proprietary technology to selectively extract lithium from LANXESS’ tailbrine. This Demonstration Plant will be used to prove commercial feasibility. The environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium.
The Company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.
Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTC - Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.
On behalf of the Board,
Standard Lithium Ltd.
Robert Mintak, CEO & Director
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. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
Contact Information: LHA Investor Relations, Mary Magnani, (415) 433-3777;
More articles issued by Standard Lithium Ltd. More articles related to: Company Announcement
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