| To: LoneClone who wrote (22684) | 6/19/2024 1:02:15 PM | | From: LoneClone | | | | Euro Manganese Announces Completion of Commissioning of its Chvaletice High-purity Manganese Demonstration Plant
ca.finance.yahoo.com
Euro Manganese Inc.
Tue, June 18, 2024 at 2:53 p.m. PDT·7 min read
EUMNF
-0.62%
VANCOUVER, British Columbia, June 18, 2024 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce the successful completion of commissioning of its high-purity manganese Demonstration Plant at its Chvaletice Manganese Project ("Chvaletice" or the "Project") in the Czech Republic.
Highlights
- Two independent external laboratories have confirmed that samples of high-purity manganese sulphate monohydrate ("HPMSM") made from high-purity electrolytic manganese metal ("HPEMM") produced at the Demonstration Plant (“DP”) meet the DP design target HPMSM specifications with low levels of impurities.
- With all modules operating on a consistent basis, and producing on-spec products, this marks the completion of commissioning of the on-site Demonstration Plant.
- Concurrently, the Permanent Operating Permit for the Demonstration Plant was received from the Department of Building and Spatial Planning of the Municipality of Chvaletice on June 12, 2024.
Final commissioning of the Demonstration Plant is now complete, with HPEMM produced from the electrowinning circuit of the Demonstration Plant used to produce target HPMSM specifications with low levels of impurities. The consistent operation of all modules is the other requirement of commissioning which has now been achieved.
The completion of commissioning of the Demonstration Plant allows the Company to produce bulk, multi-tonne finished product samples of HPMSM and/or HPEMM for prospective customers' supply chain qualification, thereby reducing the timeline to test products from the Chvaletice commercial plant in the future.
There are still optimisation activities underway, and the Demonstration Plant allows the Company to:
- Collect relevant operational data to feed into the engineering of the commercial plant;
- Prepare intermediate process stream and residue samples as required for vendor testing of process equipment for the commercial plant, thereby allowing process guarantees on selected vendor packages;
- Produce by-product samples for testing and potential marketing of such by-products, e.g. magnesium carbonate;
- Serve as a testing and training facility, providing learning opportunities and lessons that are being fed into the engineering process for the commercial plant; and
- Test potential additional feedstock for the commercial plant, e.g., manganese by-product from recycled battery black mass processing.
Figure 1 - Chvaletice Process Flow Sheet
The Demonstration Plant can produce the equivalent of approximately 33kg of HPEMM per day which can be converted into approximately 100kg per day of HPMSM
The Demonstration Plant can produce the equivalent of approximately 33kg of HPEMM per day which can be converted into approximately 100kg per day of HPMSM
Dr. Matthew James, President & CEO of Euro Manganese, commented:
“The ability to produce high-purity manganese products from our commissioned Demonstration Plant is a significant milestone for the Company. This enables us to offer prospective customers the optionality of on-spec HPEMM and/or HPMSM products with very tight impurity levels. In fact, some high-purity manganese samples from the Demonstration Plant have already been provided to certain parties to allow them to start or continue with their product qualification process.
While this commissioning process has taken longer than initially expected, the insight gained continues to provide opportunities for engineering and operational process improvements for our planned Chvaletice commercial plant. I am immensely proud of the Demonstration Plant team for their diligence and dedication in having successfully commissioned this facility.”
About Euro Manganese
Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and exploring an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.
Euro Manganese is dual listed on the TSX Venture and the ASX, and is also traded on the OTCQB.
Qualified Person(s) Statement
The technical information in this news release was prepared under the supervision of Ms. Andrea Zaradic, P. Eng., a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Ms. Zaradic has reviewed and approved the information in this news release for which she is responsible and has consented to the inclusion of the matters in this news release based on the information in the form and context in which it appears.
Authorized for release by the CEO of Euro Manganese Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release.
Inquiries
Dr. Matthew Jame
President & CEO
mjames@mn25.ca
LodeRock Advisors
Neil Weber
Investor and Media Relations – North America
+1 (647) 222-0574
neil.weber@loderockadvisors.com
Jane Morgan Management
Jane Morgan
Investor and Media Relations - Australia
+61 (0) 405 555 618
jm@janemorganmanagement.com.au
Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
Website: www.mn25.ca
Forward-Looking Statements
Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
Such forward-looking information or statements also include, but are not limited to, statements regarding the Company’s intentions regarding the development of the Chvaletice Project, the ability to produce bulk samples of HPMSM and/or HPEMM for prospective customers' supply chain qualification, and any reduction to the timeline to test products from the Chvaletice commercial plant, the ability to provide process guarantees, ability to produce by-product samples for testing and potential marketing, and the ability to test additional potential feedstock for the commercial plant.
All forward-looking statements are made based on the Company's current beliefs including various assumptions made by the Company including that the Demonstration Plant will continue to operate consistently, the Chvaletice Project will be developed and operate in accordance with current plans, and that the Company will meet the conditions of its secured loan, and obtain sufficient additional financing and that potential customers will want the Company’s products.. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks related to acquisition of surface rights; securing sufficient offtake agreements; risks related to granting security; the availability of acceptable financing for developing and advancing the Chvaletice Project and for continued operations; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; developments in EV (Electric Vehicles) battery markets and chemistries; and risks related to fluctuations in currency exchange rates, changes in laws or regulations; and regulation by various governmental agencies. For a further discussion of risks relevant to the Company, see "Risk Factors" in the Company's annual information form for the year ended September 30, 2023, available on the Company's SEDAR+ profile at www.sedarplus.ca.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
A photo accompanying this announcement is available at globenewswire.com |
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| To: LoneClone who wrote (22685) | 6/19/2024 1:08:47 PM | | From: LoneClone | | | | Sayona Mining/Piemont Lithium: Further high-grade drilling results at North American Lithium
ca.finance.yahoo.com
Sayona Mining
Wed, June 19, 2024 at 8:05 a.m. PDT·5 min read
- Latest results for 36 new drillholes totalling 8,803 m for Sayona’s North American Lithium (NAL) operation, Québec, Canada with highlights including:
- North-West Extension - New Pegmatites
- 21.00m @ 1.55% Li2O from 352.90m in drillhole LAN-24-153A
- 25.50m @ 1.64% Li2O from 308.20m in drillhole LAN-24-156
- 25.35m @ 1.76% Li2O from 269.25m in drillhole LAN-24-159
- 18.40m @ 1.54% Li2O from 356.05m in drillhole LAN-24-159
- Resources Area - Potential Resources Upgrade or Conversion
- 26.05m @ 1.66% Li2O from 324.25m in drillhole LAN-23-010-W1
- 19.90m @ 1.52% Li2O from 52.20m in drillhole LAN-23-072
- All assay results of the 2023 drilling campaign are now completed, validated and released (24 holes for 4,9001 m in this release)
- High-grade results were obtained from the first 2024 drillholes (12 drillholes and wedges totalling 3,903 m).
- Further drilling program totalling approximately 30,000 m to be completed at NAL throughout 2024.
MONTRÉAL, June 19, 2024 (GLOBE NEWSWIRE) -- North American lithium producer Sayona Mining Limited (“Sayona”) (ASX:SYA; OTCQB:SYAXF) announced today the results from 36 new drillholes totalling 8,803 metres at the Company’s North American Lithium (NAL) operation (Sayona 75%; Piedmont Lithium 25%) in Québec, Canada, demonstrating the high-grade nature of this strategic asset.
All the drilling results from the 2023 exploration program are now complete, validated and released and the first results from the 2024 exploration drilling program, which is currently underway, are reported in this release. The 2023 drill program has been a successful in demonstrating the potential to increase the mineral resource base at NAL. The 2023 drill program was designed to test extensions to mineralisation and provide in-fill data for the upgrade of Mineral Resource categories. The latest drilling results include the identification of high-grade lithium mineralisation outside the Mineral Resource estimate (MRE) pit shells, particularly in the North-West and South-East extensions, and support potential conversion of some of the Inferred resources to Indicated category within the MRE pit shells.
Sayona’s Interim CEO, James Brown commented: “We are delighted to have another strong set of drilling results from North American Lithium which continue to highlight the superb quality of this mine.
“The results reported today have shown that mineralisation continues outside of the existing MRE pit shells so the next key step will be to complete a recalculation of the MRE to include recent drilling.
“Additionally, we will also complete a further 30,000 metres of drilling throughout 2024 to better understand the full potential of the NAL mineralisation.”
For more information, please contact:
| For community and local media enquiries, please contact:
|
|
| Andrew Barber
| Bianca Galimi
| Investor Relations
| Communications and Community Relations
|
|
| Ph: +617 3369 7058
| Ph: +1 819 856-3288
| Email: ir@sayonamining.com.au
| Email: bianca.galimi@sayona.ca
|
|
|
About Sayona Mining
Sayona Mining Limited is a North American lithium producer (ASX:SYA; OTCQB:SYAXF), with projects in Québec, Canada and Western Australia.
In Québec, Sayona’s assets comprise North American Lithium together with the Authier Lithium Project and the Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. Sayona also holds a 60% stake in the Moblan Lithium Project in northern Québec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium. Sayona is exploring for Hemi style gold targets in the world class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation.
For more information, please visit us at www.sayonamining.com.au
The original version of the press release is available at the following link: globenewswire.com
References to Previous ASX Releases
- New high-grade zones discovered at North American Lithium – 13 May 2024
- New high-grade zones encountered in NAL drilling – 2 November 2023
- DFS confirms NAL value with A$2.2B NPV – 14 April 2023
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.
Competent and Qualified Person Statement
The information in this announcement relating to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr. Carl Corriveau, PGeo, VP Exploration of Sayona, Mr Alain Carrier, PGeo, independent consultant (InnovExplo) and Mr Ehouman N’Dah, PGeo, Exploration Manager of Sayona who are all members of the Quebec Order of Geologists, a Registered Overseas Professional Organisation as defined in the ASX Listing Rules, and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” and are Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr Carrier, Corriveau and N’Dah consent to the inclusion in this release of the matters based on the information in the form and context in which they appear.
Forward Looking Statements
This press release contains certain forward-looking statements. Such statements include, but are not limited to, statements relating to "reserves" or "resources". Forward-looking statements are based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Sayona’s control. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such forward-looking statements.
PLL
-4.97%
PLLTL
-8.71%
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| To: LoneClone who wrote (22686) | 6/19/2024 1:10:53 PM | | From: LoneClone | | | | [Titanium]
Blackbird Samples Additional Massive Ilmenite at the Big Tio and NS Trend Targets
newsfilecorp.com
June 18, 2024 8:00 AM EDT | Source: Blackbird Critical Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Blackbird Critical Metals Corp. (CSE: BBRD) (FSE: N79) (OTCQB: BBCMF) ("Blackbird" or the "Company") is pleased to provide an initial update on the recently announced ground exploration program. The goal of this program is to assess additional targets highlighted by the SkyTEM survey completed in the fall of 2023 at the Tyee Critical Metals Project, located 130 km north of Havre-Saint-Pierre in Quebec.
Highlights:
- Massive ilmenite was sampled in outcrop for the first time at the southern end of the Big Tio target
- Ground exploration further detailed the Big Tio and NS Trend targets through beep mat prospecting and mapping
- Massive ilmenite found to occur both with accessory sulphide minerals and magnetite, giving the occurrences a varying conductive and geophysical signature, an important finding for the planning of future exploration programs
"The current ground exploration program is progressing well, and crews have been able to effectively assess new targets as well as further define the known drill targets," stated Dr. Jaap Verbaas, CEO of Blackbird. "We remain confident in our ability to drill this year and, the current ground program continues to validate our confidence in the project through a much better understanding of how our geophysical data relates to massive ilmenite that continues to be identified on the project."
Figure 1. New outcrop discovery of massive ilmenite at the Big Tio target.
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
Additional massive ilmenite uncovered at the Big Tio target
Crews have identified additional massive ilmenite mineralization at the Big Tio target, further defining this substantial target. This sample was taken at the south end of the 1.5 km long anomaly where only float was found during the previous program.
Another sample was taken in an area where ground geophysical tools did not identify any conductivity and only very weak magnetism. This implies that the geophysical response of the massive ilmenite found to date was dominantly through accessory minerals such as sulphides and lesser magnetite.
NS Trend Target
Further prospecting and sampling on the NS trend has yielded additional massive ilmenite samples within the anomaly. The NS trend is almost completely covered under thin overburden, complicating detailed geological mapping. However, along the boundary of the NS trend anomaly exploration crews have uncovered thin lenses of ~2 m wide massive ilmenite. The NS trend itself is likely an NS trending lens. Geophysical and geological data collected to date suggests a strike length of up to 3 km.
About the Tyee Critical Metals Project
The Tyee Critical Metals Project is a 100% owned 625 km2 critical metals project with surface mineralization of copper, nickel, cobalt, titanium, vanadium and scandium 130 km north of Havre St. Pierre in Quebec. There are no encumbrances or underlying NSR interests on the property.
The project covers a large portion of the Havre St. Pierre anorthosite complex. The HSP Complex is an intrusive suite of rocks to the north of Havre-Saint-Pierre, Quebec. The complex contains the Lac Tio titanium mine, the largest solid ilmenite deposit in the world, owned by Rio Tinto. This mine has been producing high grade titanium for the past 75 years and is located 100 km to the south of the Tyee Critical Metals Project.
Blackbird Critical Metals acquired the Tyee Critical Metals Project in 2022 and flew a property wide SkyTEM geophysical survey of over 3,500 line km at 200 m line spacing. The detailed geophysical data revealed over 60 conductive targets that were followed up with ground exploration. The ground exploration yielded 8 large occurrences of massive ilmenite with grades of up to 36% TiO2 and 4 occurrences with nickel and copper mineralization of up to 0.75% Ni and 0.81% Cu in gossans.
Qualified person
Ryan Versloot, P.Geo., a "Qualified Person" for the purposes of National Instrument 43-101, has reviewed and approved the contents of this news release.
About Blackbird Critical Metals Corp.
Blackbird is a Canadian company listed on the Canadian Securities Exchange (CSE: BBRD), the OTCQB Exchange (OTCQB: BBCMF) and the Frankfurt Stock Exchange (FSE: N79). The Company is a mineral exploration company focused on the acquisition, exploration, and development of critical metal properties containing minerals used in green technologies and the renewable energy sector. The Company owns 100% of the Tyee Critical Metals Project located in North-Eastern Quebec and has the right to acquire a 100% interest in the Muskox Lithium Pegmatite Project located within the Yellowknife Pegmatite Province in the Northwest Territories.
ON BEHALF OF THE BOARD,
Dr. Jacob Verbaas, P.Geo. | CEO
For further information please contact:
Focus Communications
Tel: +1 647 689 6041
Email: info@fcir.ca
Forward-Looking Statements
This press release contains certain forward-looking statements as well as historical information. Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of the Company. The words "expected", "will" and similar expressions are intended to be among the statements that identify forward-looking statements. Although the Company believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
 SOURCE: Blackbird Critical Metals Corp. |
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| To: LoneClone who wrote (22687) | 6/19/2024 1:12:44 PM | | From: LoneClone | | | | [Graphite] South Star Battery Metals Announces Land Purchase, Construction Update, and the Approval of the Definitive Mining Licenses For Phases 1, 2 & 3 for its Santa Cruz Graphite Mine in Brazil
accesswire.com
Wednesday, 19 June 2024 09:25 AM
Santa Cruz Graphite Mine Highlights:
- Final payment of land purchase for Phase 1 Plant and Operations.
- Approval of the Definitive Mining Licenses For Phases 1, 2 & 3. All mining and environmental licenses/permits are approved and in-hand for the future phased, modular expansion of Santa Cruz graphite production up to 50,000 tonnes/year.
- Phase 1 construction is on schedule for substantial completion by the end of June 2024 followed by a 6-week plant commissioning and ramp-up period. Commercial sales are planned to start in September 2024. Name plate production capacity is expected to be reached in Q4 2024.
VANCOUVER, BC / ACCESSWIRE / June 19, 2024 / South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS)(OTCQB: STSBF) is pleased to announce the final payment of the previously announced ( Aug. 02, 2022) land purchase required for construction of the Phase 1 mine and plant facilities. The farm totals approximately 325 hectares and is where all the plant facilities, mine and infrastructure installations are required for the first three years of operations at its Santa Cruz Graphite Project in Bahia, Brazil.
Santa Cruz Graphite Definitive Mining License For Phases 1, 2 and 3 and Mine Construction Update
The definitive mining license for 5 areas totaling 4,431 hectares for South Star's flagship Santa Cruz Graphite Mine ("Santa Cruz") in northeastern Brazil's Bahia state has been approved by the Brazilian Ministry of Mines and Energy ("MME"). These licenses are for life-of-mine and include all the main areas required for Phases 1, 2 and 3 mining operations. Three additional claims are in final evaluation at MME, and the Company expects approval by Q3 2024.
South Star's flagship Santa Cruz Graphite Mine ("Santa Cruz") in northeastern Brazil's Bahia state is scheduled to complete construction of the Phase 1 plant in June of 2024, followed by an estimated six weeks of commissioning and production ramp-up. The current Phase 1 plant can produce approximately 1,000 tonnes per month, once steady-state operations are reached.
Richard Pearce, CEO of South Star, remarked, "The Company now owns the land where our Phase 1 installations and operations are located, and the purchase further strengthens our balance sheet. With the approval of the definitive mining licenses, Phases 2 and 3 of Santa Cruz are now derisked from a permitting and licensing standpoint, and we have a clear path to scaling production as the markets and our clients ask for additional high-quality Brazilian graphite concentrates. Our agreement with Sprott already secures approximately 50% of our Phase 2 CAPEX, and our team is pushing to complete an updated Feasibility Study on Santa Cruz incorporating Phase 3 production. As promised, our team is executing on our strategy to deliver responsible production with phased, modular plants, scalable assets in Tier-1 jurisdictions, and a go-to-market strategy to take advantage of being one of the first movers in the Americas. Santa Cruz is the first new graphite production in the Americas since 1996."
# # #
ABOUT SOUTH STAR BATTERY METALS CORP.
South Star Battery Metals Corp. is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (> 30t) has been completed. The results of the testing show that approximately 65% of graphite concentrate is +80 mesh with good recoveries and 95%-99% graphitic carbon (Cg). With excellent infrastructure and logistics, South Star is fully funded for Phase 1, and the construction and commissioning are underway. Santa Cruz will be the first new graphite production in the Americas since 1996, with Phase 1 commercial production projected in Q3 2024. Phase 2 production (25,000 tpa) is partially funded and planned for 2026, while Phase 3 (50,000 tpa) is scheduled for 2028.
South Star's second project in the development pipeline is strategically located in Alabama in the center of a developing electric vehicle, aerospace, and defense hub in the southeastern United States. The BamaStar Project includes a historic mine active during the First and Second World Wars. A NI43-101 technical report with the maiden resource estimate has been filed on SEDAR. Trenching, Phase 1 drilling, sampling, analysis, and preliminary metallurgical testing have been completed. The testing indicates a traditional crush/grind/flotation concentration circuit that achieved grades of approximately 94-97% Cg with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.
South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles, based on transparency, stakeholder engagement, ongoing education, and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.
This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.
On behalf of the Board,
MR. RICHARD PEARCE
Chief Executive Officer
For additional information, please contact:
South Star Investor Relations
Email: invest@southstarbatterymetals.com
Phone: +1 (604) 706-0212
Website: www.southstarbatterymetals.com
Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals - YouTube
CAUTIONARY STATEMENT
Neither the 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 press release.
FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to statements regarding moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
SOURCE: South Star Battery Metals Corp. |
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| To: LoneClone who wrote (22688) | 6/19/2024 1:17:36 PM | | From: LoneClone | | | | Cruz Engages Apex Geoscience for the Hector Silver-Cobalt Project in Ontario
newsfilecorp.com
June 19, 2024 3:01 AM EDT | Source: Cruz Battery Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") is pleased to announce that it has engaged APEX Geoscience Ltd., ("Apex") based out of Edmonton, Alberta to assist in updating the Company's 43-101 Technical Report on the 100%-owned 5,542-acre 'Hector Silver-Cobalt Project' located in the historic silver-cobalt producing region of Cobalt, Ontario.
Jim Nelson, President of Cruz Battery Metals stated, "We are pleased to have engaged Apex, who we have successfully worked with in the past, to update the 43-101 Technical Report on the Hector Project. Silver prices have been breaking out in 2024, so this is a great time to be updating our silver-cobalt projects, along with formulating plans for getting back to work on our Solar Lithium Project in Nevada. With over $1.5 million in the bank, we have more than enough cash on hand to carry out all the planned 2024 work programs and marketing initiatives. This will provide Cruz with an increased stream of news flow for the second half of 2024 and puts Cruz in a position towards building shareholder value."
The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101. Cruz Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.
About Cruz Battery Metals Corp.
Cruz currently has several projects located throughout North America. Cruz's Nevada lithium projects consist of the 8,135-acre 'Solar Lithium Project' and the 240-acre 'Clayton Valley Lithium Project'. Cruz's 5,542-acre Hector cobalt project is located in the vicinity of the town of Cobalt, Ontario, which is prospective for cobalt, silver, and diamonds. Cruz's Idaho projects include the 2,211-acre 'Idaho Cobalt Belt Project' and the 80-acre 'Idaho Star Cobalt Project'. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.
If you would like to be added to Cruz's news distribution list, please send your email address to info@cruzbatterymetals.com.
Cruz Battery Metals Corp.
"James Nelson"
James Nelson
President, Chief Executive Officer, Secretary and Director
For more information regarding this news release, please contact:
James Nelson, CEO and Director
T: 604-899-9150
Toll free: 1-855-599-9150
E: info@cruzbatterymetals.com
W: www.cruzbatterymetals.com
Twitter: @CruzBattMetals
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
 SOURCE: Cruz Battery Metals Corp. |
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| To: LoneClone who wrote (22689) | 6/20/2024 12:56:33 PM | | From: LoneClone | | | | [Lithium]
Grid Battery Metals Completes Phase 2 of its 2024 Clayton Valley Project 2024 Exploration Plan
thenewswire.com
Coquitlam, BC – TheNewswire - June 20, 2024 - Grid Battery Metals Inc. (the “Company” or “Grid”) (TSXV: CELL, OTCQB: EVKRF FRA: NMK2) is pleased to announce the conclusion of a second phase of soil samples and the construction of a geologic model incorporating mapped geology, magnetotelluric (MT) geophysics, and soil geochemistry. Grid’s exploration team has determined that a multilayered approach to drill targets would improve the chances of intercepting lithium bearing brines.
The initial soil sample program was completed in March 2024 and consisted of 166 samples on a 250 x 250 meter grid. The results of this program show a sizeable cluster of +300 ppm samples at the south end of the claims, and a generally northeast trending cluster of 100-300 ppm samples that extend to the north-central portion of the claims (Figure 1).
A second infill phase was completed in early May 2024 over a 125 x 125 meter grid (Figure 2) and consists of 286 samples. The objective of the infill sampling is to refine grade breaks identified in phase 1 to better focus drill targeting. Assay results are pending.
Recent Infill Soil Samples Taken (Clayton Valley Lithium Project)
Click Image To View Full Size
Figure 1: Clayton Valley Phase 1 soil sampling results.
Click Image To View Full Size
Figure 2: Clayton Valley infill Phase 2 soil samples.
To better understand the underlying structure of the Clayton Valley claims, 2024 MT data, and publicly available geologic maps and DEM data were incorporated into a Leapfrog model by Mr. Ben Hinkley of Rangefront Mining Services. The geologic mapping used is from a 2008 summary report of a geothermal exploration program in Clayton Valley in 2007 (Hulen, 2008). Both mapped and inferred faults were used to create fault blocks. Figure 3 shows the geologic map used, and the Grid land shape both draped on a topographic DEM.
Figure 3: A Leapfrog model with faults and fault blocks. The darked image to the right of the topographic DEM image includes the Grid land shape.
Click Image To View Full Size
Figure 4: Oblique view of the Clayton Valley geologic model without claims on the left and with claims on the right.
Apparent resistivities and XYZ coordinates from each MT (1d and 2d) line were imported into Leapfrog as a numeric model, and isosurfaces (3d contours) were generated for various resistivities. 2D resistivities of <1 and 1-5 show the tightest structural focus to the northeast suggesting the most conductive brine is focused along the circled northeast fault (Figure 5).
Click Image To View Full Size
Figure 5: 2D resistivity isosurfaces for <1 ohm-m on the left and 1-5 ohm-m on the right
All soil assays will be contoured as a horizontal surface and will then be draped on topography in Leapfrog. The expectation is that the soil contours and MT contours will enable the best placement of drillholes that are driven by structure, geophysics, and geochemistry.
Grid’s Clayton Valley Lithium Project (RC Drilling Locations Identified)
Click Image To View Full Size
Tim Fernback, Grid President & CEO comments “Recently, Century Lithium (TSXV: LCE, OTCQB: CYDVF) our neighbor to the east) has just released their Positive Feasibility Study by T. Lane et al. (2024). Measured and Indicated resources totaling 1,207.33 million tonnes (Mt) at an average grade of 957 parts per million (ppm) lithium (Li) containing 1.155 Mt of Li or 6.148 Mt of lithium carbonate equivalent (LCE), a 40-year mine life and an after-tax NPV8 of $3.01 billion. Additional information is in Century Lithium’s NI-43-101 by Fayram et al. (2020) 43-101 Report. Clayton Valley Nevada is home to North America’s only lithium brine producer (Albemarle Corporation’s (NYSE: ALB) Silver Peak Mine) and our property is immediately to the west of their lithium property and production facility. We are very excited about our work completed to date and look forward to our assay results so we can continue to generate shareholder value in this prolific lithium producing region of Nevada.”
It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company’s property(s).
About Rangefront Geological
Elko Nevada-based Rangefront Geological has combined in-depth expertise with cutting-edge technology to provide mining consulting services, contract labor, field crew services, and vehicular support to the mining industry. With services available across North America, Rangefront works closely with its clients to provide high-quality mineral exploration services.
Qualified Person
Mr. Steven McMillin, P.G. is a Qualified Person as defined by National Instrument 43-101 and has approved the technical information contained within this news release.
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company’s maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market.
www.gridbatterymetals.com.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium.
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. (“Surge”) (TSXV: NILI, OTC: NILIF) and comprised of 725 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023). Our exploration results are on-trend with these results.
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 640 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
References
Hulen, Jeffrey B., 2008, Geology and Conceptual Modeling of the Silver Peak Geothermal Prospect, Esmeralda County, Nevada, Technical Report for Sierra Geothermal Power Corporation, gdr.openei.org.
Prefeasibility Study Clayton Valley Lithium Project, Esmerelda County, Nevada, August 5, 2020, Amended March 15, 2021, Todd Fayram MMSA-QP (CMS), Terre A. Lane MMSA-QP (GRE), J.J. Brown, SME-RM (GRE), NI43-101 Technical Report for Century Lithium
Century Lithium Announces Positive Feasibility Study for the Clayton Valley Lithium Project, Nevada, April 29, 2024, Terre A Lane MMSA-QP (GRE), Hamid Samari, Principal Geologist, Todd-Fayram, Sr. V.P Metallurgy-Century Lithium, Alan Drake, Process Engineering, Haiming (Peter)Yuan Principal Geotechnical Engineer, Paul Blauch, Technical Director, Farza Kossari, Cost Estimating Engineer, Century Lithium Press Release.
On Behalf of the Board of Directors
“Tim Fernback”
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company’s property(s).
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| To: LoneClone who wrote (22690) | 6/20/2024 12:57:57 PM | | From: LoneClone | | | | [Lithium]
Moonbound Announces Corporate Update
thenewswire.com
VANCOUVER, BC – June 20, 2024 – TheNewswire – Moonbound Mining Ltd. (the “Company”) (CSE: MML) is pleased to provide an update on its current operations and corporate activities concerning its projects in South Africa and Namibia.
South Africa – Norrabees Lithium Project
The Company is excited to announce the appointment of Plasma Milling South Africa (Pty) Limited (“PMSA”) as the primary mining contractor. With over 25 years of experience in the mining industry, PMSA brings a wealth of expertise to our operations. Additionally, Creo Design (Pty) Ltd. has been appointed as the lead geological consultants for the project. Adhira Shipping and Logistics, with over 15 years of experience operating in Africa, will act as a contractor to manage all logistical aspects of the project.
The Company is currently focused on developing its processing flow sheet by engaging industry experts. Preparations are underway for the delivery of plant and machinery to process the existing stockpile of high-grade lithium ore, aiming for early-stage production ramp-up during the summer months.
In parallel, the Company plans to launch a robust and comprehensive exploration program targeting the 51 known mineralized pegmatite targets within its exploration licenses.
Namibia – Continental Lithium Acquisition
The Company continues to progress with due diligence and regulatory activities related to the acquisition of Continental Lithium Africa Development Corporation, which has secured rights to several licenses in Namibia’s core lithium belt. Further details can be found in the Company’s news release dated April 30, 2024.
The Company expects to finalize the acquisition in the near term, with additional updates to follow as appropriate. The Company is working closely with local partners, relevant ministries, and communities to complete the regional environmental assessment plan for the Strathmore Area.
As mentioned in the Company’s news release dated January 5, 2024, the Company has entered into a joint venture and shareholders’ agreement, pending the completion of a full environmental report and the reinstatement of mining claims with Alfeus Tomas, and Paulus Nghifikepunye, both from Windhoek, Namibia. The environmental report is progressing well, with the final submission expected soon. The relevant ministries have been informed of the Company’s progress and are fully supportive of its strategy.
About the Company
Moonbound Mining Ltd. is a mineral exploration company which currently has two exploration projects and is seeking to acquire additional mineral exploration properties. The current projects include the Yak Property, located in northwestern British Columbia, Canada, and the Strathmore Property, which includes seven mining licenses located in Namibia, South Africa.
For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca).
For more information please contact:
James Lumley
Chief Executive Officer
(604) 908-1679
info@moonboundmining.com
Forward-Looking Statements:
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that investors will have sufficient interest in the Company. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regulations and policies affecting the mineral exploration industry, as well as the risks and uncertainties which are more fully described in the Company’s annual and quarterly management’s discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company’s SEDAR+ profile. The ongoing labour shortages, inflationary pressures, rising interest rates, the global financial climate and the conflicts in both Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company’s operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers 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 Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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| To: LoneClone who wrote (22691) | 6/20/2024 1:21:49 PM | | From: LoneClone | | | | [Lithium]
Surge Battery Metals Continues to Intersect Highly Favorable Clay Horizons in the 2024 Drill Program
newsfilecorp.com
June 20, 2024 8:00 AM EDT | Source: Surge Battery Metals Inc.
West Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that it has completed the four holes located on private surface land holdings as part of the 2024 drilling program on the Nevada North Lithium Project (NNLP). Visual inspection and site testing confirms the presence of the mineralized clay horizons discovered in the 2022 and 2023 drill programs. A further 4 holes are underway and yet to be completed.
The 2024 drill program was designed to step out and test soil geochemical anomalies and the geophysical footprint associated with lithium mineralization in the 2022 and 2023 programs. The eight hole Reverse Circulation drill program has thus far extended the mineralized clay 1km both to the east and west and up to 1.2km along strike to the south of the existing resource area. This is likely to expand the existing inferred resource of 4.67 million tonnes of lithium carbonate equivalent grading 2,839 parts per million lithium at a 1,250 ppm Li cut-off (see Figure 1).
Of the remaining 4 sites to be drilled in the 2024 program, two holes located on Surge property will test mineralized clay detected by soils geochemistry to the south of the private parcels (NNL-027 & 028). The remaining two sites are located on property held with M3 Metals Corp. (NNL-025 & 026) and explore for down-dip lithium mineralization to the West.
Drilling operations are proceeding smoothly and logging by Surge geologists indicates that drilling has encountered lithium-bearing clay mineralization consistent with nearby holes drilled in 2022 and 2023. Drill samples from the first four holes have been delivered to ALS Global for assay.
- NNL-021 was drilled to 280 feet (85 meters) and intersected 165 feet (50 meters) of mineralized clay. Geologic interpretations predicted thinner clays would be intercepted at this site. However, field testing indicates that these clays are thicker and more favorable than expected. Collared 1100 m east of NN22-08 and NN23-09, the site succeeded in its goal of testing continuity of mineralization between existing holes to the west and a surface expression of mineralized clays to the east.
- NNL-022 was drilled to 400 feet (122 meters), penetrating 265 feet (80 meters) of mineralized clay. Similar to hole NNL-021, the mineralized clay zones have greater thickness than previously modeled. Another successful step-out hole, it was collared 1100 meters southeast of the nearest previous holes and 1000 meters to the southwest of NNL-021.
- NNL-023 was drilled to 500 feet (152 meters) and intersected 25 feet (7.5 meters) of mineralized clay. This hole stepped out from the known mineralization to the west, testing expected deeper mineralization. Poor drilling conditions and sample recovery led Surge geologists to interpret that the drilling intersected a fault.
- NNL-024 was drilled to 400 feet (122 meters) and intersected 240 feet (73 meters) of mineralized clay. Mineralized clay is present at the surface of the drill pad and similar to NNL-022, this hole demonstrated unexpected thickening of the clay zones at this 1100 m step-out hole.
Figure 1: Plan view showing the location of 2022 and 2023 drilling, plus the 2024 program, which is half complete.
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
Mr. Greg Reimer, Chief Executive Officer, and Director commented "I am pleased to report that the clay units intersected in 2022 and 2023 drilling appear to extend to the west and thicken to the south and to the east at sites explored during this program. Initial field observations indicate that even the lower clays intersected in this program appear to share characteristics with the high-grade upper clays observed previously. These observations indicate a potential for high-grade mineralization in units previously observed to be of moderate mineralization. We look forward to receiving and reporting assay results and incorporating them into our geologic model."
Qualified Person as Defined Under National Instrument 43-101
Alan J. Morris, MSc, CPG of Spring Creek, Nevada, a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.
About Surge Battery Metals Inc.
Surge Battery Metals, a Canadian-based mineral exploration company, is at the forefront of securing the supply of domestic lithium through its active engagement in the Nevada North Lithium Project. The project focuses on exploring clean, high-grade lithium energy metals in Nevada, USA. Lithium is a crucial element for powering the electric vehicles of tomorrow. With a primary listing on the TSX Venture Exchange in Canada and the OTCQX Market in the US, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration, contributing significantly to the sustainable future of the electric vehicle industry.
About the Nevada North Lithium Project
The Company's Nevada North Lithium Project, located in the Granite Range southeast of Jackpot, Nevada 73 km north-northeast of Wells, Elko County, Nevada. The first two rounds of drilling, completed in 2022 and 2023, identified a strongly mineralized zone of lithium bearing clays occupying a strike length of more than 3,500 meters and a known width of up to 950 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 4.67Mt of Lithium Carbonate Equivalent (LCE) grading 2,839 ppm Li at a 1,250 ppm cutoff.
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
President & CEO
Contact Information
Email : info@surgebatterymetals.com
Phone : 604-662-8184
Website: surgebatterymetals.com
Keep up-to-date with Surge Battery Metals on Twitter, Facebook, LinkedIn, Instagram and YouTube.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document 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" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium and nickel, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for CDN$ or other currencies, fluctuations in the market for lithium related products, changes in exploration costs and government royalties, export policies or taxes in the United States or any other jurisdiction and other factors or information. The Company's current plans, expectations, and intentions with respect to development of its business and of its Nevada properties may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions (including US government subsidies or incentives) on its ability to secure further financing or funding of its Nevada properties. Such statements represent the Company's current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental (including endangered species, habitat preservation and water related risks) 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 affecting such statements and information other than as required by applicable laws, rules, and regulations.
 SOURCE: Surge Battery Metals Inc. |
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| To: LoneClone who wrote (22692) | 6/21/2024 1:40:30 PM | | From: LoneClone | | | | [Graphite/Cobalt/Lithium/REE] LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO APRIL 30, 2024
ca.finance.yahoo.com
Leading Edge Materials Corp.
Fri, June 21, 2024 at 10:00 a.m. PDT·9 min read
LEMIF
-2.06%
LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO APRIL 30, 2024
Vancouver, June 21, 2024– Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) second quarter results for the period ending April 30, 2024. All references to dollar amounts in this release are in Canadian dollars.
Recent Announcements
- On 19 May 2024, the company announced the appointment of Mr. Kurt Budge as Chief Executive Officer.
- On 18 June 2024, the company announced that it has identified extensive Zn-Pb-Ag+/-Cu mineralization in galleries G2 and G7 at the Company’s Bihor Sud Project in Romania.
Results of Operations
Three Months Ended April 30, 2024, Compared to Three Months Ended January 31, 2024
During the three months ended April 30, 2024 (“Q2 2024”) the Company reported a net loss of $859,529 compared to a reported net loss of $685,928 for the three months ended January 31, 2024 (“Q1 2024”), a increase in loss by $173,601, the increase in loss mainly due to share based compensation expenses of $349,923 (Q1 2024- $159,425), foreign exchange loss $5,754 (Q1 2024 gain - $35,971) and net mark to market adjustment loss of $10,662 (Q1 2024- $86,074).
Three Months Ended April 30, 2024, Compared to Three Months Ended April 30, 2023
During the three months ended April 30,2024 (“2024 period”), the Company reported a net loss of $859,529 compared to a net loss of $1,235,603 for the three months ended April 30, 2023 (“2023 period”), a decrease in loss of $376,074, the decrease in loss mainly due to share based compensation of $349,923 (Q2 2023-710,563), , foreign exchange loss $5,754 (Q2 2023 - $187,455) and operation expenses of $89,947 (Q2 2023- $37,590).
Selected Financial Data
The following selected financial information is derived from the unaudited condensed consolidated interim financial statements of the Company prepared in accordance with IFRS.
| Fiscal 2024
| Fiscal 2023
| Fiscal 2022
| Three Months Ended
| April 30,
2024
$
| January 31,
2024
$
| October 31,
2023
$
| July 31,
2023
$
| April 30,
2023
$
| January 31,
2023
$
| October 31,
2022
(Restated)
$
| July 31,
2022
(Restated)
$
| Operations
|
|
|
|
|
|
|
|
| Expenses
| (863,745)
| (660,617)
| (582,552)
| (313,950)
| (1,048,182)
| (489,432)
| (860,062)
| (685,569)
| Other items
| 4,216
| (25,311)
| 195,209
| (8,442)
| (187,421)
| (147,703)
| 308,721
| (190,659)
| Comprehensive profit/(loss)
|
(859,529)
|
(685,928)
|
(387,343)
|
(322,392)
|
(1,235,603)
|
(637,135)
|
(551,341)
|
(876,228)
| Basic Profit/(loss) per share
| (0.01)
| (0.00)
| (0.00)
| (0.00)
| (0.01)
| (0.00)
| (0.00)
| (0.00)
| Diluted profit/(loss) per share
| (0.01)
| (0.00)
| (0.00)
| (0.00)
| (0.01)
| (0.00)
| (0.00)
| (0.00)
| Financial Position
|
|
|
|
|
|
|
|
| Working capital
| 1,610,635
| 2,316,098
| 2,713,098
| 848,952
| 1,344,044
| 2,124,643
| 1,365,657
| 1,686,095
| Total assets
| 24,991,481
| 26,003,943
| 25,387,449
| 23,584,544
| 24,181,654
| 24,845,430
| 23,832,418
| 24,827,062
| Total non-current liabilities
| (5,101,289)
| (5,489,843)
| (4,670,790)
| (5,109,575)
| (5,404,808)
| (5,556,603)
| (5,292,618)
| (6,159,922)
|
Financial Condition / Capital Resources
During the three months ended April 30, 2024, the Company recorded a net loss of $859,529 and, as of April 30, 2024, the Company had an accumulated deficit of $48,395,757 and working capital of $1,610,635. The Company is maintaining its Woxna Graphite Mine on a “production-ready” basis to minimize costs and is conducting ongoing research and development to produce higher value specialty products. The Company is also evaluating a potential restart of production at the Woxna Graphite Mine. The Company anticipates that it has sufficient funding to meet anticipated levels of corporate administration and overheads for the ensuing twelve months however, it will need additional capital to provide working capital and recommence operations at the Woxna Graphite Mine, establish a production facility for the Anode Project, to fund future development of the Norra Karr Property or to complete exploration activities in Romania. There is no assurance such additional capital will be available to the Company on acceptable terms or at all. In the longer term the recoverability of the carrying value of the Company’s long-lived assets is dependent upon the Company’s ability to preserve its interest in the underlying mineral property interests, the discovery of economically recoverable reserves, the achievement of profitable operations and the ability of the Company to obtain financing to support its ongoing exploration programs and mining operations.
Outlook
European policy continues to move in a positive direction, providing a supportive backdrop for the development of projects in the company’s portfolio.
On 18 March 2024, the European Council adopted the regulation to establish a framework to ensure a secure and sustainable supply of critical raw materials, known as the Critical Raw Materials Act (CRMA).
The CRMA introduces clear deadlines for permit procedures for EU extracting projects, allows the Commission and member states to recognise a project as strategic, requires supply-chain risk assessments, requires member states to have national exploration plans and ensures the EU’s access to critical and strategic raw materials through ambitious benchmarks on extraction, processing, recycling and diversification of import sources.
The Critical Raw Materials Act, together with the Net Zero Industry Act and the Reform of the electricity market design, is one of the flagship legislative initiatives under the Green Deal Industrial Plan.
On 23 May 2024, a call for Strategic Projects as defined by the CRMA was opened. The CRMA designates strategic projects to increase EU capacity to extract, process and recycle strategic raw materials and diversify EU supplies from third countries. Strategic raw materials are crucial for the success of the green and digital transitions as well as the resilience of the defence and aerospace sectors.
Considering Norra Kärr, the company is reviewing the application process for Strategic Project designation and is motivated to apply in the inaugural round given Norra Kärr’s potential importance in ensuring the security of the supply of HREE in Europe.
In Romania, the company plans to start drilling at Bihor Sud in the coming weeks, firstly targeting cobalt-nickel in G7 gallery, before moving onto G2 gallery for which we have high expectations; with the purpose of adding further high-grade drill intercepts and proving up the scale of mineralization. This work should generate strong newsflow in the coming months.
Norra Kärr Heavy Rare Earth Project
Norra Kärr, as one of the largest HREE deposits globally, and the most advanced one in the EU, has the potential to be a cornerstone supplier to Western magnet producers.
The Company is preparing a mining lease application (Exploitation Concession or Bearbetningskoncession, “BK”), including Environmental Impact Assessment (Miljökonsekvensbeskrivning, “MKB”); identifying opportunities to accelerate the timeline to submission.
The latest mining lease application is based on the new 2021 design of the project. The redesign has significantly reduced potential environmental impacts. For example, land usage has been reduced by approximately 65% with only mining and physical (non-chemical) concentration of mineralized ore taking place at the mine site. Downstream processing using chemicals will take place on an industrial site, which specifically permits and controls those activities.
On 3 May 2024, consultation commenced with the County Administrative Boards involved. This is an important part of the overall permitting process and the Company is looking forward to listening and responding to stakeholder views.
Woxna Graphite Mine
The Company is maintaining its Woxna graphite mine and plant on care and maintenance, while monitoring markets and considering a restart of graphite concentrate production, as the first step to developing a downstream anode business.
As European policy development seeks to create new regional supply chains and reduce dependency on China, this month, the US has announced 25% tariffs on imports of natural and synthetic graphite anodes from China, following last month’s announcement of 25% tariffs on natural graphite imports beginning in 2026. Fastmarkets analyst Georgi Georgiev has said “graphite has emerged as Washington’s ‘Achilles Heel’ in its trade confrontation with Beijing”. [1]
Woxna is well-positioned to play a significant role in the production of natural flake graphite and the establishment of a European anode value chain.
Bihor Sud Nickel-Cobalt Exploration Project
High grade assays reported in October and December last year support our continuing belief in the polymetallic exploration prospectivity of Bihor Sud.
We are excited about the mineralization showing in G2, which opens a significantly larger mineralization extent than seen previously. The LEMR team believes we are just starting to discover the potential of G2. There was reportedly further mineralization encountered in the rear part of G2 and in respective transversals during historical exploration works, also of cobalt-nickel. The company is now preparing for reconnaissance trips to these areas as well, to be followed by systematic geological work to understand the full extent of this mineralized system, both for Zn-Pb-Ag+/-Cu, and for Co-Ni before drilling starts later in the year.
Financial Information
The report for three months ending July 31, 2024, is expected to be published on or about September 20, 2024.
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Kurt Budge, CEO
For further information, please contact the Company at:
info@leadingedgematerials.com
www.leadingedgematerials.com
Follow us
Twitter: globenewswire.com globenewswire.com
________________________________________________________________________________________________________________________________
[1]The graphite fight: US tariffs trigger race to build non-Chinese supply chain, Financial Times, 9 June 2024, ft.com
About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high growth technologies such as batteries for electromobility and energy storage and permanent magnets for electric motors and wind power that underpin the clean energy transition towards climate neutrality. The portfolio of projects includes the 100% owned Woxna Graphite mine (Sweden), Norra Karr HREE project (Sweden) and the 51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania).
Additional Information
The Company’s unaudited consolidated financial statements for the six months ended April 30, 2024, and related management’s discussion and analysis are available on the Company’s website at www.leadingedgematerials.com or under its profile on SEDAR at www.sedar.com
The information was submitted for publication through the agency of the contact person set out above, on June 21, 2024, at 10:00 am Vancouver time.
Leading Edge Materials is listed on the TSXV under the symbol “LEM”, OTCQB under the symbol “LEMIF” and Nasdaq First North Stockholm under the symbol "LEMSE". Mangold Fondkommission AB is the Company’s Certified Adviser on Nasdaq First North and may be contacted via email CA@mangold.se or by phone +46 (0) 8 5030 1550.
Reader Advisory
Certain information in this news release may constitute forward-looking statements or forward-looking information within the meaning of applicable Canadian securities laws (collectively, “Forward-Looking Statements”). All statements, other than statements of historical fact, addressing activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are Forward-Looking Statements. Forward-Looking Statements are often, but not always, identified by the use of words such as “seek,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” and “intend” and statements that an event or result “may,” “will,” “can,” “should,” “could,” or “might” occur or be achieved and other similar expressions. Forward-Looking Statements are based upon the opinions and expectations of the Company based on information currently available to the Company. Forward-Looking Statements are subject to a number of factors, risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the Forward-Looking Statements including, among other things, the Company has yet to generate a profit from its activities; there can be no guarantee that the estimates of quantities or qualities of minerals disclosed in the Company’s public record will be economically recoverable; uncertainties relating to the availability and costs of financing needed in the future; competition with other companies within the mining industry; the success of the Company is largely dependent upon the performance of its directors and officers and the Company’s ability to attract and train key personnel; changes in world metal markets and equity markets beyond the Company’s control; the possibility of write-downs and impairments; the risks associated with uninsurable risks arising during the course of exploration; development and production; the risks associated with changes in the mining regulatory regime governing the Company; the risks associated with tenure to the Norra Karr property; the risks associated with the various environmental regulations the Company is subject to; rehabilitation and restitution costs; the Woxna project has never defined a mineral reserve or a feasibility study and the associated increased risk of technical and economic failure in case of restarting production; risks relating to the preliminary and non-binding nature of the MOU with Sicona. On June 9, 2021, Leading Edge announced the results of an independent preliminary economic assessment for the development of Woxna (the "2021 Woxna PEA"), the full details of which are included in a technical report entitled "NI 43-101 Technical Report – Woxna Graphite" prepared for Woxna Graphite AB with effective date June 9, 2021 and issue date July 23, 2021, available on Leading Edge's website www.leadingedgematerials.com and under its SEDAR profile www.sedar.ca. The 2021 Woxna PEA is preliminary in nature, it 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, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. On July 22, 2021, Leading Edge announced the results of an independent preliminary economic assessment for the development of Norra Karr (the "2021 Norra Karr PEA"), the full details of which are included in a technical report titled “PRELIMINARY ECONOMIC ASSESSMENT OF NORRA KARR RARE EARTH DEPOSIT AND POTENTIAL BY-PRODUCTS, SWEDEN" prepared for Leading Edge Materials Corp. with effective date August 18, 2021 and issue date August 19, 2021, available on Leading Edge's website www.leadingedgematerials.com and under its SEDAR profile www.sedar.ca. The 2021 Norra Karr PEA is preliminary in nature, it 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, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. On March 11, 2020, the World Health Organization (“WHO”) declared the novel coronavirus outbreak identified as “COVID-19”, as a global pandemic. In order to combat the spread of COVID-19 governments worldwide have enacted emergency measures including travel bans, legally enforced or self-imposed quarantine periods, social distancing and business and organization closures. These measures have caused material disruptions to businesses, governments and other organizations resulting in an economic slowdown and increased volatility in national and global equity and commodity markets. The Company has implemented safety and physical distancing procedures, including working from home where possible and ceased all travel, as recommended by the various governments. The Company will continue to monitor the impact of the COVID-19 outbreak, the duration and impact which is unknown at this time, as is the efficacy of any intervention. It is not possible to reliably estimate the length and severity of these developments and the impact on the financial results and condition of the Company and its operations in future periods.
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| To: LoneClone who wrote (22693) | 6/24/2024 1:46:13 PM | | From: LoneClone | | | | Volta Metals Commences 2024 Lithium Exploration Program
newsfilecorp.com
June 24, 2024 7:00 AM EDT | Source: Volta Metals Ltd.
Toronto, Ontario--(Newsfile Corp. - June 24, 2024) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (“Volta” or the “Company”) is pleased to announce it has commenced the 2024 exploration campaign at its northwestern Ontario Properties ( Figure 1).
Figure 1. Regional location of Falcon West, Crescent Lake and Junior Lake Projects, northwestern Ontario.
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
The Company is following up on the 2023 exploration success at its Falcon West Lithium Property where ten out of eleven diamond drillholes intersected multiple broad zones of high-grade lithium mineralization with one borehole discovering an additional blind Li-pegmatite. Highlights include 1.24% Li2O over 15.6m, 1.11 Li2O over 10.2m, and 1.50% Li2O over 5.15m. The mineralized system remains open for expansion in all directions.
The 2024 exploration program will consist of systematic soil sampling, trenching, and detailed structural geology work. Initial soil sampling will be carried out in and around targets generated from a detailed magnetic survey and 2023 soil sampling ( Figure 2).
Figure 2. Soil anomalies obtained from the 2023 exploration program
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
The initial soil sampling program will focus on screening the highly prospective target areas around the newly discovered high-grade lithium pegmatite swarm ( Figure 3).
Figure 3. Structural lithium trend within the Falcon West Lithium Project
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
Work has also commenced on the Junior Lake project and will involve the collection of surface exploration data, including, but not limited to, structural and alteration mapping, prospecting, sampling, and utilizing a handheld Lazer Induced Breakdown Spectroscope (LIBS) for rapid real-time sample analysis to support field follow-up. In addition, samples will be submitted to ACT Labs in Thunder Bay, Ontario for detailed multi-element chemical analysis.
The Company's technical advisor, Dr. Fred Breaks, commented, "We are pleased that follow-up exploration is underway on several properties prospective for rare metals, and lithium in the Caribou Lake metavolcanic belt. The Junior Lake claims commence two km east of the highly evolved Swole Lake lepidolite-subtype pegmatite that is hosted in the Summit Lake batholith. Rare metal pegmatites typically occur in swarms, which could extend onto the Junior Lake property. The Falcon West property is situated three km northeast of beryl-type pegmatites documented by Breaks, Selway and Tindle (2006). Current exploration will test the hypothesis that the fractionation direction of beryl-type and potential spodumene-bearing pegmatites extends further than the newly discovered lithium pegmatites within the Falcon West property."
Qualified Person
The technical content of this news release has been reviewed and approved by Andrew Tims, P.Geo., who is an independent Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company have not completed sufficient work to verify the historic information on the Properties, particularly regarding historical exploration, neighbouring companies, and government geological work.
Referenced Sources
1. Breaks, F.W., Selway, J.B. and Tindle, A.G. 2003. Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, northwest and northeast Ontario: Operation Treasure Hunt; Ontario Geological Survey, Open File Report 6099, 179p.
2. Breaks, F.W., Selway, J.B., and Tindle, A.G., 2005, Fertile peraluminous granites and related rare-element pegmatites, Superior Province of Ontario, in Linnen, R.L., and Samson, I.M., eds., Rare-Element Geochemistry and Mineral Deposits: Geological Association of Canada, GAC Short Course Notes 17, p. 87-125.
3. Breaks, F.W., Selway, J.B. and Tindle, A.G. 2006. Fertile and peraluminous granites and related rare-element mineralization in pegmatites, north-central and northeastern Superior Province, Ontario; Ontario Geological Survey, Open File Report 6195, 143p.
ABOUT VOLTA METALS LTD
Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) is a mineral exploration company focused on lithium, cesium and tantalum, and is based in Toronto, Ontario. It has optioned and is currently exploring a critical minerals portfolio of lithium, cesium and tantalum projects in Northwestern Ontario, which is considered to be one of the most prolific emerging hard-rock lithium districts in the world. To find out more about Volta, and its flagship Falcon West Project, please visit www.voltametals.ca.
ON BEHALF OF THE BOARD
For further information, contact:
Kerem Usenmez, President & CEO
Tel: 416.919.9060
Email: info@voltametals.ca
Website: www.voltametals.ca
Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to product development, plans, strategies, and other statements that are not historical facts. Forward-Looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. Forward-Looking information in this news release includes, but is not limited to, including the Company's planned exploration activities and the Company's aim to prevent and minimize impacts on the First Nations through a variety of mitigation measures and there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: the risks detailed from time to time in the filings made by the Company with securities regulators; the fact that Volta's interests in the Property are options only and there are no guarantee that such interest, if earned, will be certain; the future prices and demand for lithium; and delays or the inability of the Company to obtain any necessary approvals, permits and authorizations required to carry out its business plans. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-Looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as required by law.
 SOURCE: Volta Metals Ltd. |
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