A.I.S. Resources - Appoints Martyn Element CEO and President

A.I.S. Resources - Appoints Martyn Element CEO and President

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") is pleased to announce the appointment of Martyn Element as CEO and President of the Company.

Martyn Element has served as Chairman of AIS since 2014. Martyn has been instrumental in raising over a half billion dollars in financing for public and private companies. Martyn brings a skill set of identifying needs and developing strategic plans and has a proven track record of successfully advising and marketing business ventures. He has cultivated an extensive global network of investment and financial contacts and developed strong working relationships with specialized funds and parties in the mining space.

Martyn Element stated, "I am pleased to accept the role of CEO and look forward to providing a full corporate update of the recent activities and results at the Company's lithium and gold properties shortly."

In conjunction with this appoint Phillip Thomas has resigned as COO, CEO and President of AIS. He will remain as a director of the Company and will provide geological consulting services to the Company on certain projects. The Company thanks Phillip for his significant contributions and wishes him the best in his future endeavours.

AIS is currently acting as project manager for the Spey Resources (TSXV:SPEY) and Recharge Resources (CSE:RR) Pocitos drilling program in Argentina.

About AIS Resources Limited
AIS Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focused on lithium, gold, precious and base metals exploration. AIS' value add strategy is to acquire prospective exploration projects and enhance their value by better defining the mineral resource with a view to attracting joint venture partners and enhancing the value of our portfolio. The Company is managed by a team of experienced geologists and investment bankers, with a track-record of successful capital markets achievements.

AIS owns 100% of the 28 sq km Fosterville-Toolleen Gold Project located 9.9 km from Kirkland Lake's Fosterville gold mine, a 60% interest in the 57 sq km Bright Gold project (with the right to acquire 100%), a 40% interest in the 58 sq km New South Wales Yalgogrin Gold Project, and 100% interest in the 167 sq km Kingston Gold Project in Victoria Australia near Stawell and Navarre. AIS has further options to acquire three lithium concessions in the Pocitos and Cauchari Salars in Argentina and also has 20% joint venture interest with Spey Resources Corp. in the Incahuasi lithium brine project and 15% royalty at the Pocitos Salars JV in Argentina.

On Behalf of the Board of Directors,
A.I.S. Resources Limited

Martyn Element
President, CEO, Chairman

Corporate Contact
For further information, please contact:
Martyn Element. CEO, Chairman
T: +1-604-220-6266
E: melement@aisresources.com
Website: www.aisresources.com

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.

ADVISORY: This press release contains forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. 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.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

AIS:CA
The Conversation (0)
A.I.S. Resources

A.I.S. Resources

Overview

A.I.S. Resources Ltd. (TSXV:AIS,OTCQB:AISSF)is a diversified resource company working to be a high-quality producer of precious metals and battery materials, particularly lithium, manganese and gold. To fulfill this goal, the company has assembled a team of highly-qualified professionals with a track record of success in exploration, production, commodity trading and capital markets. A.I.S. Resources is currently focused on developing its pair of gold projects in Australia, the Yalgogrin orogenic gold project and the Toolleen-Fosterville gold project.

The Yalgogrin orogenic gold project is located in the historic West Wyalong gold corridor, which produced 445,700 ounces of gold between 1894 and 1921. A.I.S. Resources has confirmed existing gold assays at Yalgogrin after reviewing 12 drill core samples from the property. The advanced-stage Yalgogrin gold project has seen extensive gold production over the past 100 years, including three major gold prospects that are in operation as of Q3 2020: Cadia Newcrest, the Lake Cowal gold mine and the Northparkes copper-gold mine.

Keep reading...Show less

AIS Resources' RC Drilling Program Returns Exceptionally High Levels of Antimony in the Eastern Portion of the Fosterville-Toolleen Gold Project

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") announces the discovery of elevated antimony levels in the eastern portion of the Company's Fosterville-Toolleen Gold Project.

AIS Resources CEO Phil Thomas emphasized, "This is a major breakthrough for our exploration team's efforts at our Toolleen Fosterville Gold Project. It is well known that antimony is a key pathfinder for gold as is evident at the neighbouring Kirkland Lake Fosterville Gold Mine and the Mandalay Resources Costerfield Gold Project . Antimony was the biggest pathfinder element for the Kirkland Lake Fosterville Gold Mine discovery. Costerfield is producing both gold and antimony with a gold grade of 15 g/tonne. The Fosterville Gold Mine is only 10 km and the Costerfield Gold Mine is 31 km from our Fosterville Toolleen Gold Project."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

A.I.S. Resources' Optionee Spey Resources Prepares for Drilling at Incahuasi Lithium Salar, Argentina

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") announces the Company's optionee Spey Resources Corp. (Spey) has engaged Amaru Mining Services and preparations are being made to commence drilling at the Incahuasi Salar, Argentina in the next three weeks. The drilling will take place in the locations shown below:

Figure 1: Red stars show drill hole locations 1 -5
https://www.globenewswire.com/NewsRoom/AttachmentNg/c73a3793-c98f-4d5f-9d6d-33a0fafacd0c

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

A.I.S. Resources Announces ISIN & CUSIP Change

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") announces that effective July 9, 2021 the Company's ISIN changed from "BS0014301076" to " CA0014311058 ". Concurrently, the Company's CUSIP changed from "001430107" to " 001431105 ".

The change was due to a change of jurisdiction. There was no change in the Company's name, no change in its trading symbol and no consolidation of capital.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

A.I.S. Resources Closes Oversubscribed Financing

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") announces the Company has closed its oversubscribed non-brokered private placement of 10,547,500 units ("Units") at a price of $0.08 per unit for gross proceeds of $843,800 (the "Private Placement"). The proceeds will be used for exploration of the Company's Australian gold projects and for general working capital purposes.

Martyn Element, Chairman of the Board stated, "We are pleased to close this oversubscribed placement. The funds will enable us to aggressively pursue our exploration and development program on our highly prospective Australian gold properties."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
OTC:AISSF

A.I.S. Resources Completes Peru Manganese Trade, Zambian Ores Assay 53 Percent Mn

A.I.S. Resources Limited (TSXV:AIS, OTCQB:AISSF) (the “Company” or “AIS”) announces that it has received payment for the first 292 DMT (“dry metric tonnes”) of Manganese fines sold in November 2019.  There was no discrepancy between the China Import Quarantine (“CIQ”) and Veritas Peru certificate of chemical analysis.  The buyer paid the benchmark price of US$3.70 per DMTU and the final grade was 42.75% Mn.

AIS has sourced very high quality manganese from its Zambian supplier which will be sold on a CIF basis from Dar Es Salaam Port in Tanzania.  The ore was independently assayed by our Chinese buyer with an assay of 53.66% Mn with low iron, silica and aluminum.  We will move to contracts after the Chinese new year.

Keep reading...Show less
White Cliff Minerals

Geophysical Anomalies Reveal New Copper Targets at Rae Project

Conductivity anomalies show link between surface showings and vein-system targets

White Cliff Minerals Limited (“the Company”) is pleased to announce further results of the first project scale geophysical survey at the Rae Copper Project (“Rae” or “the Project”), Nunavut, Canada.

Keep reading...Show less
Gina Rinehart, executive chairman of Hancock Prospecting, stands in front of cherry blossom trees.

Inside Billionaire Gina Rinehart's Key Mining Investments (Updated 2024)

Australian billionaire Gina Rinehart has become a formidable force in the global mining industry.

After taking the helm of her father’s iron ore mining firm Hancock Prospecting in 1993, Rinehart embarked upon a diversification strategy that has vastly expanded her resource empire. Today, Australia’s richest person has investments in many of the world’s most strategic commodities such as lithium, rare earths, copper, potash and natural gas.

One of those investments is Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF), which even in a low price environment for rare earths has managed to secure nearly AU$1.5 billion in debt financing and is, as of November 2024, pursuing equity financing to advance its Nolans project in the Northern Territory. With a 10 percent equity stake, Rinehart’s Hancock Prospecting is Arafura's largest shareholder.

In addition to Arafura, entrepreneur Rinehart’s investment portfolio also contains other ex-China, green-transition-focused companies such as Australian lithium firm Liontown Resources (ASX:

LTR,OTC Pink:LINRF), as well as rare earths producers MP Materials (NYSE:MP) and Lynas Rare Earths (ASX:LYC,OTC Pink:LYSCF). Rinehart’s role in the acquisition of Azure Minerals’ Andover lithium project in Western Australia alongside lithium giant SQM (NYSE:SQM) also made headlines in May of this year.
Keep reading...Show less

SQM REPORTS EARNINGS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024

Highlights


  • SQM reported total revenues for the nine months ended September 30, 2024 of US$3,455.0 million compared to total revenues of  US$6,155.9 million for the same period last year.

  • Net loss (1),(2) for the nine months ended September 30, 2024 of (US$524.5) million or (US$1.84) per share, compared to net income (2) of  US$1,809.5 million or US$6.33 per share for the same period last year.

  • Solid sales volumes in lithium, iodine, and fertilizer businesses.

  • SPN and Potassium businesses posted healthy growth showing market recovery.

  • Slight increase in iodine prices, due to strong market demand and limited supply.

  • First lithium sales from the SQM International lithium division.

SQM will hold a conference call to discuss these results on Wednesday, November 20, 2024 at 10:00am ET (12:00pm Chile time).

Participant Dial-In (Toll Free): 1-844-282-4852

Participant International Dial-In: 1-412-317-5626

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=xdNdTppQ

SANTIAGO, Chile , Nov. 20, 2024 /PRNewswire/ -- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today net loss ( [1] ),(2)   for the nine months ended September 30, 2024 , of (US$524.5) million or (US$1.84) per share, compared to US$1,809.5 million or US$6.33 per share reported for the same period last year.

(PRNewsfoto/Sociedad Quimica y Minera de Chile, S.A. (SQM))

Gross profit (3) reached US$1,033.3 million (29.9% of revenues) for the nine months ended September 30, 2024 , lower than US$2,674.3 million (43.4% of revenues) recorded for the nine months ended September 30, 2023 . Revenues totaled US$3,455.0 million for the nine months ended September 30, 2024 , representing a decrease of 43.9% compared to US$6,155.9 million reported for the nine months ended September 30, 2023 .

The Company also announced net income for the third quarter of 2024 of US$131.4 million or US$0.46 per share, a decrease of 72.6% compared to US$479.4 million or US$1.68 per share for the third quarter of 2023. Gross profit for the third quarter of 2024 reached US$280.8 million , 62.7% lower than the US$753.6 million reported for the third quarter of 2023. Revenues totaled US$1,076.9 million for the third quarter of 2024, a decrease of 41.5% compared to US$1,840.3 million for the third quarter of 2023.

SQM's Chief Executive Officer, Ricardo Ramos , stated, "We are publishing our third quarter 2024 financial results with positive volume growth in almost all of our business lines compared to last year. Fertilizer markets have shown solid market dynamics with a market size recovery. Our Specialty Plant Nutrition volumes grew more than 20% year-on-year while our revenues in this business line increased close to 12%."

He continued, "Iodine demand continued to be strong, leading to an increase in our sales volumes and revenues compared to last year. Prices continued to move up slightly quarter over quarter since the beginning of this year and we have used part of our inventories to answer market needs."

Mr. Ramos further stated, "In lithium, we reported sales volumes of more than 51 thousand metric tons of lithium products, an 18% growth year-on-year, demonstrating strong demand in the market. As anticipated, prices during the third quarter continued their downward trend, with average realized prices 24% lower than the second quarter this year. Although demand continues to grow at a strong pace, mainly driven by strong EV sales growth in China , we continue to see the prices pressured by an oversupply that persists despite the curtailment announcement we have seen over the past few weeks."

Mr. Ramos closed by saying, "Our more than 30-year track record in the lithium market has proved that we have a long-term view in this business. Despite current market prices, we strongly believe in the lithium market and its fundamentals which are highly related to the clean energy transition. SQM is in a strong competitive position and well prepared to continue developing our projects in Chile and abroad to harvest the benefits of this transition."

About SQM

SQM is a global company that is listed on the New York Stock Exchange and the Santiago Stock Exchange (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A). SQM develops and produces diverse products for several industries essential for human progress, such as health, nutrition, renewable energy and technology through innovation and technological development. We aim to maintain our leading world position in the lithium, potassium nitrate, iodine and thermo-solar salts markets.

For further information, contact:

Gerardo Illanes / gerardo.illanes@sqm.com
Isabel Bendeck / isabel.bendeck@sqm.com

For media inquiries, contact:

Maria Ignacia Lopez / ignacia.lopez@sqm.com
Pablo Pisani / pablo.pisani@sqm.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "plan," "believe," "estimate," "expect," "strategy," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make concerning the completion and implementation of the proposed partnership with Codelco, the development of Salar Futuro Project, Company's capital expenditures, financing sources, Sustainable Development Plan, business and demand outlook, future economic performance, anticipated sales volumes and sales prices, profitability, revenues, expenses, or other financial items, anticipated cost synergies and product or service line growth.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are estimates that reflect the best judgment of SQM management based on currently available information. Because forward-looking statements relate to the future, they involve a number of risks, uncertainties and other factors that are outside of our control and could cause actual results to differ materially from those stated in such statements, including our ability to successfully implement the Sustainable Development Plan. Therefore, you should not rely on any of these forward-looking statements. Readers are referred to the documents filed by SQM with the United States Securities and Exchange Commission, including the most recent annual report on Form 20-F, which identifies other important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements are based on information available to SQM on the date hereof and SQM assumes no obligation to update such statements, whether as a result of new information, future developments or otherwise, except as required by law.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Jindalee Lithium

Jindalee Lithium Limited (ASX: JLL) – Reinstatement to Quotation

Description

The suspension of trading in the securities of Jindalee Lithium Limited (‘JLL’) will be lifted immediately following the release by JLL of an announcement regarding a prefeasibility study and the receipt of a response to an ASX price query.

Keep reading...Show less
Lightning Minerals

Spodumene Pegmatite Discovery at Esperança Project in Brazil Yields LIBS Results up to 4.04% Li2O

Lightning Minerals (L1M or the Company) is delighted to announce the discovery of spodumene within a lithium bearing pegmatite at the Company’s recently acquired Esperança project. The discovery supports the Company’s approach to exploration in the district and its positive assessment of the prospectivity within the Lithium Valley region Minas Gerais, Brazil.

Keep reading...Show less
Forward Water Technologies CEO Howie Honeyman.

Exclusive Interview with Forward Water Technologies CEO Howie Honeyman

In a recent interview, Forward Water Technologies (TSXV:FWTC) CEO Howie Honeyman said the company plans to accelerate adoption of its water treatment technology through successful demonstrations and results from on-site projects.

Forward Water’s innovative approach to water treatment has the potential to fundamentally alter how industries manage wastewater with high brine content, offering a low-energy, cost-effective alternative, according to Honeyman.

Keep reading...Show less

Latest Press Releases

Related News

×