Lithium

Coloured Ties Announces Successful Completion of the Substantial Issuer Bid

Coloured Ties Announces Successful Completion of the Substantial Issuer Bid

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An aggregate of approximately six million Shares were validly tendered and not withdrawn pursuant to auction tenders at or below the purchase price and purchase price tenders.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

News Provided by Newsfile via QuoteMedia

TIE:CA
Coloured Ties Announces Approval of Option Agreement with Superior, Grant of Options and Closing of Substantial Issuer Bid

Coloured Ties Announces Approval of Option Agreement with Superior, Grant of Options and Closing of Substantial Issuer Bid

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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Coloured Ties Capital Provides Lithium Portfolio Update and Substantial Issuer Bid Tender Deadline Update

Coloured Ties Capital Provides Lithium Portfolio Update and Substantial Issuer Bid Tender Deadline Update

 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

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Coloured Ties Reminds Shareholders the Substantial Issuer Bid Expires on January 17, 2023

Coloured Ties Reminds Shareholders the Substantial Issuer Bid Expires on January 17, 2023

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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Coloured Ties Provides Supplemental Disclosure Relating to Its Substantial Issuer Bid

Coloured Ties Provides Supplemental Disclosure Relating to Its Substantial Issuer Bid

Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") announces that further to the Ontario Securities Commission's request to provide supplemental disclosure concerning the background of the Company's substantial issuer bid (the "SIB").

On October 18, 2022, the Company announced the SIB and proposed to purchase for cancellation up to 7,500,000 of its issued and outstanding common shares (the "Shares") at a purchase price of $0.45 per Share (the "Offer Price") in cash. Prior to the announcement of the SIB, the closing price of the Shares on the TSX Venture Exchange ("TSX-V") was $0.30. At the time of the announcement of the SIB, the Offer Price was at a 50% premium to the last closing price of the Shares on the TSX-V.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Coloured Ties Clarifies Paid-Up Capital of Its Common Shares

Coloured Ties Clarifies Paid-Up Capital of Its Common Shares

Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") announces that further to its substantial issuer bid (the "SIB") filed on December 8, 2022, it wishes to clarify the paid-up capital for the SIB should be $9.22 per share for total aggregate paid-up capital for purposes of the Income Tax Act (Canada) of approximately $203,889,898.

For further information please contact:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
TINONE REPORTS COMPLETION OF SUCCESSFUL PHASE 1 DRILL PROGRAM AND DISCUSSES FUTURE PLANS FOR ITS GREAT PYRAMID TIN PROJECT, TASMANIA, AUSTRALIA

TINONE REPORTS COMPLETION OF SUCCESSFUL PHASE 1 DRILL PROGRAM AND DISCUSSES FUTURE PLANS FOR ITS GREAT PYRAMID TIN PROJECT, TASMANIA, AUSTRALIA

TSX.V: TORC   OTCQB: TORCF

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) (" TinOne " or the " Company ") is pleased to announce it has completed its Phase 1 drill program at its Great Pyramid Tin (Sn) Project (" Great Pyramid " or the " Project ") located in the tier one mining jurisdiction of Tasmania, Australia .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Corporate Update

Corporate Update

Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to provide a corporate update regarding its exploration, engineering, permitting and project financing activities. The Corporation is fully funded for these preparatory activities leading to a potential final investment decision for its wholly-owned Rose Lithium-Tantalum project ("Rose Project" or "Project") in the James Bay Region of Northern Québec (the "Final Investment Decision"). Critical Elements is pleased to be working closely with the Cree Nation of Eastmain, the Grand Council of the Crees (Eeyou Istchee), and the Cree Nation Government under the Pikhuutaau Agreement signed in July 2019

Exploration Update

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Infinity Stone Further Expands Project, Including Historic Lithium Samples, near Patriot Battery Metals Corvette Discovery

Infinity Stone Further Expands Project, Including Historic Lithium Samples, near Patriot Battery Metals Corvette Discovery

Highlights

  • Infinity Stone expands its land position to over 5,546 hectares, as well as a pending application for two additional claims in James Bay Lithium District adjacent to and near Patriot Battery Metals Corvette discovery.
  • Further exploration and project expansion is being conducted in the context of the new discovery and significant drilling results from PMET and Winsome in the Corvette Lithium Trend in James Bay, QC.

Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) (the "Company" or "Infinity Stone"), is pleased to announce that it has acquired and staked an additional 359 hectares, as well as a pending application for two additional claims (the "New Claims") on its Camaro Hellcat Lithium Project (the "Camaro Hellcat Project"), with claim blocks adjacent to Patriot Battery Metals' ("PMET" or "Patriot") Corvette Project in the James Bay Region of Quebec, bringing its total land position to 5,546 hectares in addition to the currently pending cells. The New Claims include historical surface samples returning 57ppm Li, sampled and assayed in 2016, and a 30ppm Li sample in 1997 (the "Historic Samples").1 The Historic Samples were found to the west of Winsome Resources Cancet Project and PMET's Corvette Lithium Project, north of the Taiga Highway. There are at least 4 historical mapped pegmatites on the New Claims, and the Company intends to conduct further exploration to identify any other potential pegmatites that may be found on the New Claims.

The New Claims are also located near Winsome Resources Ltd.'s ("Winsome") Cancet discovery drill hole (the "Cancet Property"). Winsome's best results at Cancet have included 1 metre at 5.65% Li2O from 36.5 metres and six metres at 1.95% Li2O from 36.45 metres.2 Furthermore, the New Claims are adjacent to a number of claims currently held by Jody Dahrouge, President and Owner of Daroughe Geological Consulting Ltd., a consultant and contractor to PMET. PMET has recently announced that it had drilled 52.2 metres of 3.34% LI2O, including 15.0 metres of 5.10% LI2O.

Infinity Stone intends to conduct a focused exploration program on the Hellcat claim block, alongside an initial prospecting program on the New Claims, in the early spring and will leverage the results of the Winter Geophysics Program announced on January 19, 2023 in targeting sampling and trenching. The Survey will further enable the mapping and delineation of the pegmatitic units across the claim blocks.

"We are excited to further expand the Hellcat Camaro Project in James Bay near Patriot's Corvette discovery. As the spring exploration season rapidly approaches, we are renewing our focus on the project and are actively evaluating new claim blocks that are adjacent and near the current project footprint," said Zayn Kalyan, CEO of Infinity Stone. "The James Bay region, specifically the CV lithium trend discovered by PMET, is quickly becoming the epicentre of lithium exploration in North America and we are excited to have a prospective land package in the region. We are looking forward to being able to get back on the ground with more data following our geophysics program to conduct a renewed and focused exploration program," furthered Mr. Kalyan.

Terms of Acquisition

Pursuant to the acquisition of 100% interest in 154 hectares of the New Claims, the Company has agreed to (i) paying $6,000 in cash and issuing 200,000 subordinate voting shares ("Shares") of the Company to the claim vendor Donovan Explorations Ltd.

About the Hellcat Camaro Lithium Project

The 5,546-hectare Hellcat Camaro Lithium Project is located adjacent to Patriot Battery Metals' Corvette Property, in the James Bay Region of Quebec, approximately 235 kilometres east of Radisson, Quebec and 245 kilometres northeast of the Cree village municipality of Nemaska. The Project has four property blocks, the Taiga, Hellcat, and Camaro, collectively covering 3,850 hectares adjacent to Patriot Battery Metals' Corvette Lithium discovery in the James Bay Region of Quebec. PMET has recently returned significant high-grade results at the Corvette Lithium Project, including 156.9 m at 2.12% Li2O (176.4 m to 333.4 m), including 25.0 m at 5.04% Li2O (CV22-083).1

Qualified Person

Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Company.

About Infinity Stone Ventures

Infinity Stone's mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.

To register for investor updates please visit https://infinitystone.ventures.

INVESTOR PRESENTATION

Connect with Infinity Stone

Email | Website | Facebook | LinkedIn | Twitter | Instagram |

Infinity Stone Contact
Zayn Kalyan
CEO and Director
Direct: 778-938-3367
zayn@altuscapital.ca

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Forward-Looking Statements Disclaimer

This press release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "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" or "will be taken", "occur" or "be achieved". Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management of Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements may also be affected by risks and uncertainties in the business of the Company, including those described in the Company's public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
ACME Lithium Commences Phase 2 Drill Program at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Commences Phase 2 Drill Program at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to announce that Phase 2 drilling has commenced at ACME's Clayton Valley Nevada lithium brine project. ACME's Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albemarle's Silver Peak lithium deposit which has been in production since 1966 and is the only lithium producing region in the United States.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7776/152993_1cbf452d4411eb9a_002.jpg

Drilling at Clayton Valley, Nevada (Fig. 1)

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN Maverick Capital Corp. ("Maverick" or the "Company") (CSE: CDN) (OTCQB: AXVEF) ( Frankfurt : 338B ) is pleased to announce an updated on its successful investment in Noram Lithium Corp (TSXV: NRM) (OTCQB: NRVTF) (Frankfurt: N7R) as it announces a significant increase in its estimated mineral resources at the Zeus Lithium Project, following the completion of the Phase VI drill program during the second quarter of 2022 (see Table 1 for the 2022 phase VI drill highlights).

Highlights of the Updated Resource Estimate
  • An increase of 190% in Measured and Indicated ("M&I") lithium carbonate equivalent ("LCE") Resources from the August 2021 Mineral Resource Estimate.
    • M&I Resources increased to 5.17 million tonnes ("Mt") LCE (1, 034 Mt at 941 parts per million lithium ("ppm Li")) at a 400 ppm Li cut-off grade.
  • Substantial Inferred Resources remain from the 2022 Phase VI drill program.
    • Inferred Resources are 1.09 Mt LCE ( 235 Mt at 871 ppm Li) at a 400 ppm Li cut-off grade.
  • Near Surface = Low Strip Ratio. The majority of the deposit occurs at or near the surface, resulting in relatively low mining costs. Results from the Preliminary Economic Study ("PEA") 1 indicate that the life of mine strip ratio would be ~0.07:1 (waste:ore).
  • High level of confidence in the deposit modelled given the density of the drill program with 82 holes drilled to-date. All holes were core holes for more precise sampling and stratigraphic correlations.
  • High grade core (60 meters thick x 1.2 kilometers wide x 3.0 kilometers long) represents an opportunity for optimizing the mine plan. At a 1,200 ppm Li cut-off the Measured and Indicated Resources total 1.2 Mt LCE (169 Mt at 1,326 ppm Li).

"The updated mineral resource estimate, with 82 drill holes completed to-date, highlights that noram's Zeus Lithium Project is exceptionally well positioned in the United States amongst its peer deposits in terms of grade and contained Lithium Carbonate Equivalent," stated Greg McCunn , noram's CEO. "The high-grade core of the deposit outcropping at surface provides a significant opportunity to optimize the project mine plan and enhance value. With a strong treasury and a strengthened technical team, we are expecting to move aggressively in 2023 to further de-risk the project with continued metallurgical testing and completion of a Prefeasibility Study."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Noram Lithium Announces Significant Increase in Mineral Resources at The Zeus Lithium Deposit

Noram Lithium Announces Significant Increase in Mineral Resources at The Zeus Lithium Deposit

noram lithium corp. (" noram " or the " Company ") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces a significant increase in its estimated mineral resources at the Zeus Lithium Project, following the completion of the Phase VI drill program during the second quarter of 2022 (see Table 1 for the 2022 phase VI drill highlights

Highlights of the Updated Resource Estimate

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×