Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("Coloured Ties" or the "Company") provides the following corporate update on its TSX-50 top 50 selection and on its investment holdings:
As of February 17, 2023, material investment holdings for the Company in the lithium mineral exploration field include the following investments:
| AZIMUT EXPL INC | 1,743,300.00 | |
| https://azimut-exploration.com/wp-content/uploads/2023/01/azimut-pr-20230123.pdf | ||
| MANNING VENTURES INC | 7,767,000.00 | |
| https://manning-ventures.com/bounty-lithium/ | ||
| PATRIOT BATTERY METALS INC | 1,857,200.00 | |
| https://patriotbatterymetals.com | ||
| POWER METALS CORP | 3,006,500.00 | |
| https://powermetalscorp.com | ||
| ROCKLAND RES LTD | 3,100,000.00 | |
| https://www.rocklandresources.com | ||
| SUPERIOR MNG INTL CORP | 60,000.00 | |
| https://superiormininginternational.com/news-releases/superior-mining-international-corp-options-vieux-comptoir-lithium-property-in-prolific-james-bay-region-quebec/ Superior Mining has an Option on the Company's subsidiary's Quebec Pegmatite's Vieux Comptoir Property to earn 100% interest by issuing up to 14,000,000 Superior Mining Shares | ||
| WINSOME RES LTD | 83,000.00 | |
| https://winsomeresources.com.au |
subject to meeting all customary closing conditions, including final approval from the TSXV.
The values of the Company's holdings listed above are subject to audit. The Company holds other value holdings in public and private companies and cash that will be published in its audited financial statements.
The Company reports that it is advancing exploration programs on it's lithium projects within Quebec Pegmatite Corporation, a subsidiary of the Company and will provide updates as they progress.
Coloured Ties also reports that it is in discussions to complete proposed acquisitions of assets that may require additional capital. The proposed asset acquisitions are in the early stage of discussion and there is no guarantee any transaction will be completed. However, in the event the Company intends to proceed with an asset transaction, additional capital may be required, and the Company intends to position itself to be able to complete public offerings if needed. Any public offerings will be subject to the market conditions, the anticipated acquisition and careful consideration by the Company of the implications of the dilutive nature of a public offering.
TSX Venture 50
The Company is pleased to announce it has qualified for the 2023 TSX Venture 50, a ranking of the top performers on the TSX Venture Exchange over the last year.
Further, Coloured Ties Capital was appointed one of the top performing company in the Diversified Industries sector as the TSX 50 selection.
The 2023 TSX Venture 50 is an annual program showcasing the top 10 performers from 5 industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology. Top performing companies were selected based on year-over-year performance across 3 equally weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ended December 31, 2022. For the full list visit: 2023 TSX Venture 50.
"Year 2022 was a pivotal year for the Company and we were fortunate to position early into the lithium exploration sector with a significant early investment into Patriot Battery Metals and others in the lithium sector. Over 2022, The Company has become intimately involved in the James Bay Region lithium exploration field and has amassed an excellent exploration ground portfolio inside our subsidiary Quebec Pegmatite. We are also significant shareholders in Hertz Lithium, which aims to list on the CSE in spring 2023. In the coming year, we will look to monetize these investments and leverage the returns into other emerging early stage investments in the mining and technology sectors," stated Kal Malhi, CEO.
A brief video on Coloured Ties Capital produced by the TMX Group, can be found at Coloured Ties Capitalhttps://www.colouredtiescapital.com or
TMX V50 https://money.tmx.com/en/venture50
Seeking Additional Investment Opportunities
The Company is currently seeking additional investment opportunities in the mineral exploration sector for uranium, gold, gas and oil in Europe and also in leading edge technology opportunities. Entrepreneurs and organizations seeking a partnership in these sectors are encouraged to contact the Company with a brief summary of the projects for review.
About Coloured Ties Capital Inc
Coloured Ties Capital is a TSX-V listed issuer that invests in early stage commercial ventures and provides investee companies with capital market access and advisory services. The Company offers investors an opportunity to participate in early stage opportunities that are often only offered to high net worth or institutional investors via investment in the Company's common shares listed on the TSX Venture Exchange under symbol TIE.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@colouredtiescapital.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.
Approval of the Option Agreement is subject to a number of conditions, including but not limited to, TSXV approval. There can be no assurance that the Option Agreement will be approved as proposed or at all. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155591
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") announces that, further to its news release on December 7, 2022, it has obtained conditional approval from the TSX Venture Exchange (the "TSXV") with respect to the option agreement, as amended on January 16, 2023, (the "Option Agreement") entered into between Quebec Pegmatite Corporation ("QPC"), a majority-owned subsidiary of the Company, and Superior Mining International Corporation ("Superior"), whereby Superior has the option to earn a 100% interest in the Vieux Comptoir Lithium Property (the "Property"). Superior has made the initial deposit of $7,500 and confirmed it intends to exercise its Option.
Under the terms of the Option Agreement, Superior may exercise the option to acquire 100% interest in the Property upon the issuance to QPC of the following share issuances:
7,000,000 common shares of Superior (the "Superior Shares") upon receipt of approval of the TSXV;
3,500,000 Superior Shares payable on the one year anniversary of the Option Agreement; and
3,500,000 Superior Shares payable on the eighteen month anniversary of the Option Agreement.
The Option Agreement remains subject to the final approval of the TSXV, including the receipt from Superior of a National Instrument 43-101 technical report in respect of the Property by February 28, 2023. Pursuant to the terms of the Option Agreement, in the event Superior exercises its option in full and acquires the Property, Superior shall grant QPC a 3.0% net smelter return royalty (the "NSR Royalty") and the NSR Royalty may be reduced to 1.5% upon Superior making a cash payment of $3,000,000 to QPC.
Issuance of Option Grants
The Company is pleased to announce that it has granted an aggregate of 250,000 options (the "Options") to a consultant of the Company pursuant to the Company's stock option plan dated for reference August 18, 2022 (the "Plan"). The Plan was approved by the shareholders of the Company on September 23, 2022. The Options shall vest immediately. The Options are subject to the terms of the Plan.
Substantial Issuer Bid
Further to the Company's news release on January 18, 2023, the Company confirms it has taken up and purchased for cancellation a total of 5,192,307 common shares ("Shares") at a price of $0.65 per Share pursuant to its substantial issuer bid ("SIB") for an aggregate purchase price of approximately $3.375 million. After giving effect to the SIB, the Company will have 16,919,552 Shares issued and outstanding. Shareholders who have tendered their Shares pursuant to the SIB can expect payment for the Shares by January 27, 2023 in accordance with the terms of the SIB as set out in the SIB circular.
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell the Company's shares.
Shelf Prospectus
The Company filed a Notice of Intention to be Qualified Under National Instrument 44-101, Short form Prospectus Distributions.
The Company is an investment issuer and may from time to time require capital to make investments or fulfil commitments associated with investee companies or projects. As such the Company intends to qualify for short form distributions to capitalize on possible fund raising to capture opportunities that provide shareholder value. In addition the Company may require the flexibility to issue shares pursuant to a prospectus in connection with acquisition and or investments. Acquisition discussions are at an early stage and may not be completed on the terms currently contemplated or at all. Management of the Company is aware of the dilution associated with any financing activity and intends only to raise additional capital if required in the execution of its investment plan, in context of the market, the net asset value of the Company and if it serves to enhance shareholder value.
Patriot Battery Metals Holdings and other Lithium Holdings Update
Coloured Ties is pleased to report that as of January 26, 2023, it holds 1,936,200 shares of Patriot Battery Metals which traded as high as $13.50 per share.
Azimut Exploration Inc 937,200 shares at average cost of $1.021 per share
Power Metals Inc 3,006,500 shares at average cost of $0.333 per share
Star Peak Mining 469,000 shares at an average cost of $0.785 per share
Winsome Resources 83,000 shares at average cost of $1.729 per share
The values above are based on trading data on the TSXV Exchange. The company holds other smaller value holdings in public and private companies and cash that will be published in audited financial statements.
Seeking Investment in Uranium, Gold and Technology Opportunities
Coloured Ties Capital is currently seeking additional investment opportunities in the uranium and gold exploration projects and leading edge technology sectors. Entrepreneurs and organizations seeking a partnerships in these sectors are encouraged to contact the Company with a brief summary of the projects or review.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca
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.
Approval of the Option Agreement is subject to a number of conditions, including but not limited to, TSXV approval. There can be no assurance that the Option Agreement will be approved as proposed or at all. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152662
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") today announced today that it has taken up and purchased for cancellation a total of 5,192,307 common shares ("Shares") at a price of $0.65 per Share under its substantial issuer bid ("SIB") for an aggregate purchase price of approximately $3.375 million. The Shares purchased represent approximately 23.5% of the total number of the Company's issued and outstanding Shares at the time the SIB was announced in October 2022. After giving effect to the SIB, the Company will have 16,919,552 Shares issued and outstanding.
Payment for the Shares accepted for purchase under the SIB will be effected by Computershare by January 27, 2023 in accordance with the SIB and applicable law
An aggregate of approximately six million Shares were validly tendered and not withdrawn pursuant to auction tenders at or below the purchase price and purchase price tenders.
The full details of the SIB are described in the offer to purchase and issuer bid circular dated December 2, 2022, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com.
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell the Company's shares.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151683
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") is pleased to provide the following update on the Company's lithium portfolio.
Quebec Pegmatite Corporation Holds Corvette Lithium District and Mazerac Lithium District Claims in Quebec
Quebec Pegmatite Corporation ("QPC"), a subsidiary of the Company, currently holds Quebec MERN mineral claims prospective for lithium in Quebec at their Vieux Comptoir Lithium Project and the Mazerac Lithium Project.
Vieux Comptoir Lithium Project is located between the Corvette Property of Patriot Battery Metal Inc. ("Patriot Battery") and the Adina Project of Winsome Resources Ltd. ("Winsome Resources"). The project area was targeted by the Company and the claims were acquired to obtain a strategic land position within the lithium prospective James Bay region. The Vieux Comptoir Lithium Project is adjacent to established lithium pegmatite occurrences and active successful projects:
The Vieux Comptoir Lithium Project is located approximately 35 km from the nearest road and airstrip with property access by float plane or helicopter.
Corvette Property - Patriot Battery (TSXV: PMET)
Patriot Battery's Corvette Property is reported to be a large lithium discovery in James Bay region of Quebec.
On December 13, 2022, Patriot Battery reported an update on their Corvette Lithium Project:
Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSXV: PMET) (ASX: PMT) (OTCQB: PMETF) (FSE: R9GA) is pleased to announce core assay results for twelve (12) additional drill holes (CV22-046, 055, and 057 through 066) from its 2022 drill campaign at its wholly owned Corvette Property (the "Property"), located in the James Bay Region of Quebec. The primary drill area is focused at the CV5 Pegmatite, located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure.
Blair Way, Company President, CEO and Director, comments:
"The Corvette Property continues to deliver with these latest assay results, which include some of our highest grades to date. In addition, the strike length of the CV5 Pegmatite system remains open in all directions with wide widths and strong grades encountered along its currently defined 2.2 km length. I am happy to be back on track with regular news releases of our assay results from the summer-fall drill program. With 38 holes yet to be received from the lab, and re-commencement of drilling in January, we will have continuous news flow on the Property for some time."
(https://patriotbatterymetals.com/patriot-drills-113-4-m-of-1-61-li2o-including-2-0-m-of-6-41-li2o-at-the-cv5-pegmatite-corvette-property-quebec/)
Adina Project -Winsome (ASX:WR1)
On January 6, 2023, Winsome provided an update on its Adina Project with respect to its initial assay results from its drill hole AD-22-005. The intial assay results confirm the following significant lithium intercepts in drill hole AD-22-005:
Winsome Resources Managing Director, Chris Evans said:
"It is fantastic to see these impressive levels of lithium mineralisation in drill hole AD-22-005 which provide proof of the Company's previous visual estimates of mineralisation. Having an average of 1.34% Li2O for over 100m of pegmatite from surface speaks of a world-class lithium project and paves the way for the much expanded drill program we now have planned at Adina. It is also very encouraging for the other impressive pegmatite intersections and visual estimates from drilling of subsequent holes up until the Christmas break. We look forward to releasing these assays to the market as soon as they become available."
(https://winsomeresources.com.au/investors-asx-releases/)
Quebect Pegmatite Corporation Receives Conditional Approval for the Option of its Vieux Comptoir Lithium Project to Superior Mining International Inc.
On December 7, 2022, Quebec Pegmatite Corporation, a subsidiary of the Company announced that it entered into an option agreement (the "Option Agreement") with Superior Mining International Corporation ("Superior"), whereby Superior has the option (the "Option") to earn a 100% interest in the Vieux Comptoir Lithium Property in certain circumstances.
Under the terms of the Option Agreement, Superior may exercise the option to acquire 100% interest in the Property upon the issuance to QPC of the following share issuances:
The Option Agreement remains subject to the approval of the TSX Venture Exchange.
On January 5, 2023, the Company received conditional approval from the TSX Venture Exchange (the "TSXV") with respect to the Option Agreement. Closing of the Option is subject to meeting all customary closing conditions, including final approval from the TSXV.
Summary of Mazerac Lithium Project
On July 25, 2022, Coloured Ties reported that the Company had acquired 108 mineral claims, covering 55 square kilometers in the Cadillac-Pontiac region, about 50 km southwest of Val-d'Or. The claims are immediately adjacent to claims currently held by Winsome Resources and Vision Lithium Inc., a TSXV listed Lithium explorer. The Mazérac claims are accessible by a dense network of trails and other logging roads. The area also accessible through boat or seaplane within watershed of Decelles water reservoir, hosting the Rapid-7 hydroelectric dam of Decelles.
The general area has recently attracted many lithium prospecting and exploration companies such as Brunswick Exploration Inc. (TSXV: BRW), High Tide Resources Corp. (CSE: HTRC), Medaro Mining Corp. (CSE: MEDA), NeoTerrex Corporation (private company), Renforth Resources Inc. (CSE: RFR), Sayona Mining Limited (ASX:SYA), Vision Lithium Inc. (TSXV: VLI), and Winsome Resources.
The Cadillac-Pontiac area has gained attention due to recent discoveries of several high-grade spodumene prospects. The latest discovery of high-grade lithium prospects by Vision Lithium Inc, spurred several other exploration and drill programs within the Cadillac area. Since December 2021, approximately 4000 new claims have been registered in the greater Mazerac area and the Pontiac Sub province region, south of Val-d'Or and Rouyn-Noranda.
Other Lithium Portfolio
CTI holds the following investments in the Company's lithium portfolio aside from its 10,000,000 shares of Quebec Pegmatite Corporation:
Recently, Winsome Resources acquired 7,500,000 common shares of Power Metals and 7,500,000 common share purchase warrants of Power Metals from Sinomine Rare Metals Resources Co Ltd. ("Sinomine") for total cash consideration of $2,000,000. Each warrant entitles the holder thereof to acquire one share of Power Metals at CAD$0.40 per share, expiring on 17 March 2025. Winsome Resources has also agreed to assume all of Sinomine's rights and obligations under the offtake agreement that was entered into between Sinomine and Power Metals dated March 16, 2022.
Substantial Issuer Bid Deadline is January 17, 2023
The Company reminds shareholders that the previously announced substantial issuer bid (the "Offer") under which the Company will offer to purchase for cancellation up to $3,375,000 of its outstanding common shares (the "Shares") will expire on January 17, 2023, unless extended, varied or withdrawn. Shareholders who wish to tender their shares are urged to tender their shares in advance of the deadline to ensure efficient processing time.
The Offer is being made by way of a "modified Dutch auction", which will allow shareholders who choose to participate in the Offer to individually select the price, with a range of not less than $0.55 per Share and not more than $0.65 per Share (in increments of $0.01 per Share), at which they are willing to sell their Shares. Upon expiry of the Offer, the Company will determine the lowest purchase price (which will not be more than $0.65 per Share and not less than $0.55 per Share) (the "Purchase Price") that will allow it to purchase the maximum number of Shares tendered to the Offer, and not withdrawn, having an aggregate purchase price not exceeding $3,375,000.
ABOUT Coloured Ties Capital Inc.
Coloured Ties Capital is a publicly traded Canadian-based venture capital firm focused on early stage investments in companies in the junior resources and break thru and disruptive technologies. Coloured Ties investment strategy is to invest early in multiple private and public companies across a variety of sectors that merit investments to advance promising ventures globally. Coloured Ties invests early stage, in promising projects where it can be the Founding or Early Stage investor and can additionally provide investees with advisory services and access to the company's ecosystem.
Entrepreneurs or prospectors or other listed companies seeking business partnership with Coloured Ties are invited to contact the Company for further information on our investment criteria and available opportunities.
For further info, please contact
Kal Malhi
Chief Executive Officer
kal@bullruncapital.ca
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.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150814
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") reminds shareholders that the previously announced substantial issuer bid (the "Offer") under which the Company will offer to purchase for cancellation up to $3,375,000 of its outstanding common shares (the "Shares") will expire on January 17, 2023, unless extended, varied or withdrawn. Shareholders who wish to tender their shares are urged to tender their shares in advance of the deadline to ensure efficient processing time.
The Offer is being made by way of a "modified Dutch auction", which will allow shareholders who choose to participate in the Offer to individually select the price, with a range of not less than $0.55 per Share and not more than $0.65 per Share (in increments of $0.01 per Share), at which they are willing to sell their Shares. Upon expiry of the Offer, the Company will determine the lowest purchase price (which will not be more than $0.65 per Share and not less than $0.55 per Share) (the "Purchase Price") that will allow it to purchase the maximum number of Shares tendered to the Offer, and not withdrawn, having an aggregate purchase price not exceeding $3,375,000.
Shareholders who wish to participate in the Offer will be able to do so through (i) auction tenders in which they specify the number of Shares being tendered at a specific price per Share, or (ii) purchase price tenders in which they agree to have a specified number of Shares purchased at the purchase price to be determined pursuant to the auction and have their Shares considered as having been tendered at the minimum price of $0.55 for the purposes of determining the purchase price. Shareholders who validly deposit Shares without specifying the method in which they are tendering their Shares will be deemed to have made a purchase price tender.
If the Offer would result in an aggregate purchase price of more than $3,375,000, the Company will purchase a pro-rated portion of the Shares so tendered pursuant to auction tenders at or below the Purchase Price and purchase price tenders (after giving preferential treatment to "odd lot" holders).
The Offer is optional for all shareholders, who are free to choose whether to participate, how many Shares to tender and, in the case of auction tenders, at what price to tender within the specified range. Any shareholders who do not deposit their Shares (or whose Shares are not repurchased under the Offer) will realize a proportionate increase in their equity interest in the Company, to the extent that Shares are purchased under the Offer.
The Offer will not be conditional upon any minimum number of Shares being tendered. The Offer will, however, be subject to other conditions and the Company reserves the right, subject to applicable laws, to withdraw or amend the Offer, if, at any time prior to the payment of deposited Shares, certain events occur. The formal offer to purchase and issuer bid circular, letter of transmittal and notice of guaranteed delivery (collectively, the "Offer Documents") containing the terms and conditions of the Offer and instructions for tendering Shares have been filed with the applicable securities regulators and mailed to registered shareholders. The Offer Documents are available under the Company's SEDAR profile at www.sedar.com.
Neither the Company nor its board of directors makes any recommendation to shareholders as to whether to tender or refrain from tendering any or all of their Shares to the Offer. This press release is neither an offer to purchase nor a solicitation of an offer to sell any Shares. The solicitation and the offer to purchase Shares by the Company is being made only pursuant to the Offer Documents. Shareholders of the Company are urged to read the Offer Documents carefully and to consult with their own financial, tax and legal advisors prior to making any decision with respect to the Offer.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca
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 press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company's current expectations regarding future events, including regarding the timing and completion of the Offer. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the Company's most recent management's discussion and analysis. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150382
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Edmonton, Alberta July 16, 2024 TheNewswire Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces the ability for customers in Canada to pay their household bills and credit cards with bitcoin on the Lightning Network, as well as the achievement of 21,000 unique users signed up to the Bitcoin Portal.
Bill payments via bitcoin on the Lightning Network
Available immediately, all customers in Canada can pay their household bills and credit cards with bitcoin from their personal bitcoin wallets on the main Bitcoin blockchain or via the Lightning Network. This feature is available immediately at bitcoinwell.com/app.
Enabling customers to pay their bills and credit cards with bitcoin on the Lightning Network offers a cheaper and faster alternative to using bitcoin on the main chain, while allowing customers to still maintain the security of self custody.
"A Bitcoin Well customer in Canada can now effectively live on a Bitcoin Standard," said Adam O'Brien, Founder and CEO of the Company. "We are making it cheaper and easier to use bitcoin in self custody as we continue to fulfil our mission of enabling independence."
Click Image To View Full Size
Unique user sign ups
In July the Company surpassed 21,000 unique user signups on the Bitcoin portal. This is the result after over 5,300 unique user signups in Q2.
The Company's Q2 unique user signups set a record for the most users signed up in a single quarter, with the previous record being set in Q1 of 2024.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2024 TheNewswire - All rights reserved.
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RecycLiCo Battery Materials Inc. ("RecycLiCo" or the "Company"), TSX.V: AMY, OTCQB: AMYZF, FSE: ID4, a leader in sustainable lithium-ion battery recycling technology, is pleased to announce the registration of the European Unitary Patent (Patent Application No. 17870326.0) for its pioneering hydrometallurgical recycling solution. This patent grant solidifies the Company's intellectual property portfolio in Europe, a key market focused on electrification and sustainable battery technologies.
This patent is the 16th issued globally for RecycLiCo, complementing existing patents in the United States, South Korea, Japan, China, India, Australia, and Canada. The recognition of RecycLiCo's cutting-edge technology underscores the Company's leadership in the sustainable battery recycling sector, aligning with Europe's ambitious environmental goals.
RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re-manufacturing of new lithium-ion batteries.
For more information, please contact:
Teresa Piorun
Senior Corporate Secretary
Telephone: 778-574-4444
Email: InvestorServices@RecycLiCo.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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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Forward Water Technologies Corp. ("FWTC") (TSXV:FWTC) has initiated new projects via direct customer contact in the food and beverage space to enable more efficient wastewater handling in the production of food and beverage products with globally positioned multinational manufacturers. FWTC has entered early planning stages for pilot or early commercial trials after being selected for evaluation by two unique clients. Projects, if successful, would represent a significant reduction in water usage for the manufacturing of products and simultaneously reduce the energy footprint currently required. This energy reduction would not only lead to cost savings but also have a major impact in reducing CO2 emissions
About Forward Water Technologies Corp.
Forward Water Technologies Corp. (TSX.V: FWTC) is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, DLE, mining, agriculture and ultimately municipal water supply and re-use market sectors. In addition, the Company has initiated early-stage R&D for the treatment of food and beverage process streams.
For more information, please visit www.forwardwater.com.
Contact Information
For more information or interview requests, please contact:
C. Howie Honeyman - Chief Executive Officer
howie.honeyman@forwardwater.com
(519) 333-5888
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws including statements regarding expansion and uptake of the Company's technology and the ability for the Company to achieve its growth strategy and business plan. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedarplus.ca. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
SOURCE: Forward Water Technologies Inc.
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(TheNewswire)
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Edmonton, Alberta TheNewswire - July 10, 2024 Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW ) ; ( OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence, today announces that Bitcoin Portal volumes have grown by over 87% in Q2 2024 (CAD ~$16.85 million) compared to Q1 2024 (CAD ~$9 million) . With Bitcoin Portal volumes in the USA growing by over 260% in Q2 (CAD ~$0.4 million) compared to Q1 2024 (CAD ~$0.11 million) .
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RecycLiCo Battery Materials Inc. (" RecycLiCo " or the " Company "), (TSX.V: AMY | OTCQB: AMYZF| FSE: ID4) a pioneer in the field of sustainable lithium-ion battery recycling technology, is pleased to announce that RecycLiCo Zenith Battery Materials Technology Co., the Company's joint venture with Zenith Chemical, has constructed a Stage 1 shredding facility at the site of its battery recycling plant in Taiwan and is now processing off-spec battery materials purchased from an established global battery manufacturer and selling the resulting black powder. The Joint Venture made its first shipment of black powder in late June and has already made arrangements for future shipments.
Construction of the Joint Venture's Stage 2 recycling plant, which will process both black powder and the black mass resulting from the shredding of end-of-life batteries, is expected to begin later this year. Project planning for the Stage 2 plant is in the advanced stages and Zenith Chemical is expected to commence site preparation shortly. As previously announced, RecycLiCo will be supervising the construction in Vancouver of an expandable modular facility (initially 2,000 mt/year), which will be transported to, and commissioned in, Taiwan. Commissioning of the plant is anticipated in 2025.
The advanced battery recycling technology employed by the joint venture will be capable of processing black mass and black powder into high-value products, such as battery-grade lithium chemicals and precursor cathode active material (pCAM), positioning the joint venture at the forefront of advanced battery recycling solutions and as a contributor to the global efforts to develop sustainable energy sources.
Richard Sadowsky, Interim Chief Executive Officer of the Company, said, "This is the first step in RecycLiCo's transition from a venture stage company into a revenue-generating global industrial enterprise. The entire RecycLiCo team is committed to this transition and the Board of Directors expects to take additional steps in that direction over the next few months."
RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re- manufacturing of new lithium-ion batteries.
Zenith Chemical Corporation, a Taiwanese company, specializes in the production of nickel-based chemicals, including high-purity nickel sulfate for lithium-ion batteries. With a strong focus on serving the lithium-ion battery industry, Zenith's products have gained recognition and qualification from major cathode producers worldwide. The company also has a shareholding partnership with Hanwa Co., Ltd, a large publicly traded Japanese distribution company known for its expertise in lithium-ion battery-related materials. Additionally, Zenith collaborates, through a joint venture, with Central Glass Co., Ltd., a leading Japanese publicly traded company specializing in fluorine-based chemicals and cater to the semiconductor and lithium-ion battery markets.
For more information, please contact:
Teresa Piorun
Senior Corporate Secretary
Telephone: 778-574-4444
Email: InvestorServices@RecycLiCo.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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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(TheNewswire)
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Edmonton, Alberta TheNewswire - July 3, 2024 Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW ) ; ( OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces Auto Convert bitcoin addresses, which will give customers in the USA the ability to automatically convert bitcoin in their personal bitcoin wallets to dollars in their bank accounts in one single action, as well as the results from the Annual General and Special Meeting results.
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