Blockmate Ventures Provides Update on Ongoing Initiatives

Blockmate Ventures Inc (TSX.V: MATE) (FSE: 8MH1) (" Blockmate " or the " Company ") is pleased to provide an update on certain ongoing corporate initiatives.

Midpoint Divestiture
The Company has completed its previously announced divestiture of Midpoint, its cross-border payments and foreign exchange business. The Midpoint business was assigned to David Wong, in consideration for the assumption of responsibility for all liabilities and obligations associated with the business as well as expenses associated with maintaining its operations.

The divestiture is expected to reduce annual net cash outflows by approximately $500,000. The Company is at arms-length from David Wong, and no finders' fees or commissions were paid in connection with completion of the divestiture.

BESS Power Innovation Corporation
The Company has elected to terminate the share purchase agreement previously entered into with the shareholders of BESS Power Innovation Corporation. The Company has determined not to proceed with the acquisition of BESS. No funds were advanced to BESS in connection with the proposed acquisition, and the Company has not assumed any ongoing liabilities or obligations as a result of termination of the agreement.

Hivello
Hivello Holdings Ltd., an investee of the Company, recently completed financings totaling US$2.5 million. The Company holds a 67% interest in Hivello, and the recent financings give that interest an implied value of approximately US$6.7 million (CAD $8.9 million) or 8.1 cents per Blockmate share ¹ . Completion of the divestiture of the Midpoint business, and termination of the acquisition of BESS, will allow the Company to focus its available resources on the continued development of Hivello as well as the evaluation of other prospective investment opportunities.

About Blockmate Ventures Inc.
Blockmate is a venture creator focussing on building fast growing technology businesses relating to cutting edge sectors such as blockchain, climate and energy storage. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download our free passive income app at www.hivello.com ) and Sunified, digitising solar energy.

The leadership team at Blockmate have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com .

Blockmate welcomes investors to join the Company's mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe .

ON BEHALF OF THE BOARD OF DIRECTORS

Justin Rosenberg, Chief Executive Officer
Blockmate Ventures Inc.
justin@blockmate.com
(+1-888-218-6863)

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 release

Forward-Looking Information
This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

__________________________
^¹ There is no guarantee this valuation will be realised.

News Provided by GlobeNewswire via QuoteMedia

Blockmate Ventures MATE:CA TSXV:MATE Tech Investing

MATE:CA

Blockmate Ventures Investor Briefing

Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (" Blockmate " or the " Company ") announces that it will be hosting an online briefing to provide investors with a progress update on Blockmate investee Hivello that raised USD$2.5m as announced yesterday.

The funding was secured as a Simple Agreement for Future Equity (SAFE) instrument fundraising round. Once converted, the post-money implied valuation of Blockmate's 67% stake is USD $6.7 million (CAD $8.9 million) or 8.1 cents per Blockmate share ¹ .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Blockmate Investee Hivello Successfully Raises USD $2.5M

Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (" Blockmate " or the " Company "), an innovative investment firm in the blockchain technology space, proudly announces that its investee, Hivello Holdings, has secured a further USD $1.5 million after receiving strong interest from investors following the announcement of a USD $1 million raise in December 2023.

Due to the overwhelming interest, of the additional USD $1.5 million, USD $1 million was raised at a pre-money valuation of $9 million - an 80% premium to the round which just closed in December 2023. The additional $1.5 million brings the total raised to $2.5 million. The funding was secured as a Simple Agreement for Future Equity (SAFE) instrument fundraising round. Consequently once converted, the post-money implied valuation of Blockmate's 67% stake is USD $6.7 million (CAD $8.9 million) or 8.1 cents per Blockmate share ¹ .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Blockmate Investee Hivello Successfully Raises USD$1M

Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (" Blockmate " or the " Company "), an innovative investment firm in the blockchain technology space, proudly announces that its 100% owned subsidiary, Hivello Holdings, has successfully completed a USD$1 million capital raise. This Simple Agreement for Future Equity (SAFE) instrument fundraising round places a pre-money valuation cap on Hivello at USD$5 million. Consequently once converted, the post-money valuation of Blockmate's stake is an estimated USD$4 million (CAD 5.3 million).

Justin Rosenberg, CEO of Blockmate Ventures, commented, "We are thrilled to now have a cap table with leading investors in the Decentralized Physical Infrastructure Networks (DePIN) sector such as NGC Ventures, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen. The successful capital raise by Hivello is a significant validation of our investment strategy and Blockmate's ability to recognize and nurture potential within the blockchain industry. The value of our stake alone is higher than our entire market cap, providing an excellent opportunity for investors."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Blockmate Ventures Completes Sale of Midpoint Business

Blockmate Ventures Inc (TSX.V: MATE) (FSE: 8MH1) (" Blockmate " or the " Company ") announces that it has completed the divestiture of Midpoint (see www.midpoint.com ), its cross-border payments and foreign exchange business to the management team, led by Mr David Wong, Expadis and its group of investors (" Midpoint Management "). In consideration for the divestiture, Midpoint Management will assume responsibility for all liabilities and obligations associated with the business as well as operational expenses associated with maintaining its operations.

The divestiture will allow the Company to focus on higher growth technology investments, and is expected to reduce annual net cash outflows by approximately $500,000. The Company is at arms-length from Mr. David Wong, and no finders' fees or commissions were paid in connection with completion of the divestiture.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Lake Resources NL Kachi Power Supply

Sydney, Australia (ABN Newswire) - Lake Resources N.L. (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to announce the next milestone for the Kachi lithium brine project ("Kachi" or the "Project") in Catamarca Province, Argentina, having today signed a Letter of Intent ("LOI") with YPF Luz, a leading Argentine sustainable electric power generation company.

Under the LOI, Lake and YPF Luz will engage in exclusive non-binding discussions to evaluate and negotiate agreements relating to:

- The construction of the high voltage line by YPF Luz for power capacity for Kachi

- Delivery of the power supply by YPF Luz for Kachi

To support the power solution and create a binding commercial agreement, YPF Luz will perform the Front-End Engineering Design ("FEED") work for the proposed power delivery system. The FEED will be progressed through the remainder of 2024.

"After running a thorough process for the Kachi power solution, we are very pleased to enter into exclusive negotiations with YPF Luz," David Dickson, CEO of Lake, said.

"Establishing the delivery of a power solution for Kachi is a critical milestone for the development of this Project.

"We look forward to working together with YPF Luz, which has demonstrated expertise in bringing power to remote areas of Argentina and shares our commitment to sustainability.

"Both federal and state governments in Argentina are keen to see the responsible development of lithium exports to help with Argentina's balance of payments and foreign reserves, and getting power into the resource-rich provinces is a key part of this," Mr. Dickson said.

YPF Luz is co-owned by YPF, Argentina's largest energy company, and General Electric ("GE"), a global diversified industrial company. With a focus on renewable energy and social and environmental sustainability, YPF Luz is now the third largest generator of power in Argentina.

The signing of the LOI continues Lake's momentum following:

- The successful Equity Placement and Share Purchase Plan which strengthened Lake's balance sheet by providing additional working capital and financial flexibility to complete the strategic partner process ("the Process")

- The outreach to a wide array of potential strategic partners including car and battery manufacturers, lithium producers, oil and gas companies, sovereign wealth funds and private equity. The Process is expected to conclude in the second half of the year (2H CY24).

- Submission of the Production Environmental Impact Assessment ("EIA") for Kachi Phase One to the Catamarca Mining Authority. This is an important milestone for Kachi, and the culmination of extensive field work and community engagement completed over the past three years.

"We are also pleased with the strong institutional support we received during the recent capital raising, demonstrating their appreciation for our track record of delivering on our milestones, as well as their recognition of Kachi as a world class resource and globally significant project," Mr. Dickson said.

To view the latest Investor Presentation, please visit:
https://www.abnnewswire.net/lnk/DSYO1GSD

About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.

Source:
Lake Resources NL

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Carbon Done Right Developments Inc. Announces Delay in Filing of Annual Financial Statements and Application for Management Cease Trade Order

Carbon Done Right Developments Inc. (TSXV: KLX) (FSE: Q1C0) (the "Company" or "Carbon Done Right"), a company that carries on the business of developing validated and verified carbon credits from afforestation and reforestation of degraded land areas and marine ecosystems, announces that it has not met the filing date for filing of the following continuous disclosure documents (collectively, the "Documents"):

the Company's Annual Audited Financial Statements for the year ended December 31, 2023, as required by section 4.2 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102");
the Company's Management Discussion & Analysis for the year ended December 31, 2023, as required by section 5.1(2) of NI 51-102; and
certificates of the Chief Executive Officer and Chief Financial Officer of the Company relating to such audited annual financial statements as required by National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings.

The Company's filing of the Documents has been delayed as both management and the Company's external auditors agreed that additional information and analysis is necessary in order to complete the preparation and audit of the Company's annual consolidated financial statements for the year ended December 31, 2023. The additional information and analysis relates to determination of the fair value related to our carbon credit streaming agreements. The Company expects to file the Documents by May 31, 2024.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Lake Resources NL Launches Investor Hub

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) today announces the formal launch of Investor Hub, which is a dedicated platform for investors to learn more about the Company and our latest activities.

Investor can access Investor Hub and sign up to receive ASX updates and news regularly.

The Company encourages investors to post questions and feedback through the Q&A function accompanying each piece of content and the Company will endeavour to respond, where appropriate.

How to join the Company's Investor Hub:

1. Head to https://investorhub.lakeresources.com.au/auth/signup

2. Follow the prompts to sign up for an Investor Hub account.

3. Complete your account profile.

From time to time, investors with complete accounts on the Investor Hub may be invited to exclusive company events. We appreciate shareholder's support and we look forward to updating investors on our progress in 2024 via the Investor Hub.

About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.

Source:
Lake Resources NL

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Charbone Hydrogene Annonce les Resultats Financiers 2023

(TheNewswire)

Brossard (Québec) TheNewswire - le 30 avril 2024 - CORPORATION CHARBONE HYDROGÈNE (TSXV:CH ) ( OTC:CHHYF ) ( FSE:K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, est heureuse d'annoncer les résultats financiers et opérationnels pour l'exercice se terminant le 31 décembre 2023.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon
Chief Executive Officer and Chairperson of the Board
Charbone Hydrogen Corporation
Telephone:	+1 438 844-7170
Email:	dg@charbone.com

Daniel Charette
Chief Operating Officer
Charbone Hydrogen Corporation
Telephone:	+1 438 800-4946
Email:	dc@charbone.com

Benoit Veilleux
Chief Financial Officer and Corporate Secretary
Charbone Hydrogen Corporation
Telephone:	+1 438 800-4991
Email:	bv@charbone.com

Dave B. G agnon
Chef de la direction et président du conseil d'administration
Corporation Charbone Hydrogène
Téléphone bureau: +1 438 844-7170
Courriel: dg@charbone.com

Daniel Charette
Chef de l'exploitation
Corporation Charbone Hydrogène
Téléphone bureau : +1 438 800-4946
Courriel: dc@charbone.com

Benoit Veilleux
Chef de la direction financière et secrétaire corporatif
Corporation Charbone Hydrogène
Téléphone bureau: +1 438 800-4991
Courriel: bv@charbone.com

Justin Rosenberg, CEO	David S. Wong, CMT CAIA CMGr, FCMI
Blockmate Ventures Inc	Midpoint
justin@blockmate.com	david@midpoint.com , 31337@skiff.com
(+1-888-218-6863)	(44 20 3687 2934)

Blockmate Ventures Provides Update on Ongoing Initiatives

Blockmate Ventures Investor Kit

GET YOUR FREE INVESTOR KIT

Overview

Company Highlights

Key Businesses

Hivello

Project Highlights:

Sunified Token

Project Highlights:

Management Team

Domenic Carosa - President, Chairman and Non-executive Director

Justin Rosenberg - CEO

Andrew Smith - CEO (Hivello)

Konstantin Lichtenwald - CFO

Corbin Comishin - Non-executive Director

Georg Hochwimmer - Non-executive Director

Latest News

Blockmate Ventures Investor Kit

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

TOP STOCKS