Deer Horn Signs Strategic Partnership Agreement with Fenix Advanced Materials to Explore Synergies for Critical Metals and Cleantech

Deer Horn Capital Inc. (CSE: DHC, OTCBB:GODYF) (or “Deer Horn”) reports the Company has signed a Strategic Partnership Agreement with Fenix Advanced Materials (Fenix) of Trail, British Columbia for potential future tellurium extraction and purification and other synergies to achieve a vertically integrated enterprise for cleantech metals.

Deer Horn Capital Inc. (CSE: DHC, OTCBB:GODYF) (or “Deer Horn”) reports the Company has signed a Strategic Partnership Agreement with Fenix Advanced Materials (Fenix) of Trail, British Columbia for potential future tellurium extraction and purification and other synergies to achieve a vertically integrated enterprise for cleantech metals.

Fenix Advanced Materials is a clean technology company specializing in the manufacture of ultra-high purity (UHP) metals. The company sells a variety of UHP metals for use in solar energy, telecommunications and infrared applications for commercial and military use. Fenix is one of the very few companies in the world achieving “six nines” (99.9999%) and even “seven nines” (99.99999%) purity in its metal products.

“Tellurium is extremely important to our vision and strategy going forward,” said Fenix CEO Don Freschi. “We see a significant increase in tellurium demand long-term, which is why we’re partnering with a number of universities and organizations for research, extraction and processing for technologies in our pipeline that require ultra-high purity tellurium and other critical metals. The Deer Horn gold-silver-tellurium property, along with the Deer Horn’s technical team, offers us a strategic potential domestic supplier of tellurium located within the same province.”

Current strategic partners with Fenix include Teck Metals, The University of British Columbia and Redlen Technologies of Victoria, BC. The company anticipates international partnerships in education, research, mining and critical metals processing in the coming year.

Said Deer Horn President and CEO Tyrone Docherty, “The Fenix partnership represents a key piece of the foundation we’re building for an integrated, critical metals enterprise. We’re thrilled to join the roster of exceptional strategic partners Fenix has assembled to make this happen, and we look forward to engaging with them. Going forward, we expect to announce other partnerships as part of our long-term vision and strategy to supply critical metals for clean technology and a low-carbon economy.”

Docherty added that Deer Horn’s strategy is based largely on the long-term outlook for tellurium and other critical metals. “As the world turns to technology for growth and for solving the planet’s most serious challenges, we know that dependable supplies of critical metals, of which the Deer Horn Property is known to contain at least three, will become essential.”

Fortis Metals, the world’s leading producer of minor metals, recently forecast a tellurium supply deficit that, “as of 2020 could be as big as a staggering 370 metric tonnes.” Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated: “At the moment, we are still seeing (tellurium) inventories in China but these are being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in 2011.”

“I think the world is beginning to recognize the importance of stable and domestic supplies of critical metals, especially the very rare metals like tellurium,” said Docherty. “We are preparing to help meet that need.”

About Deer Horn Capital
Deer Horn Capital is committed to exploring for, and providing, strategic and critical metals vital to a low-carbon economy and for the advancement of technology. The Company’s leadership has a track record of project monetization with a board and advisory group that includes industry leaders in finance, mineral property development, geology, mineralogy, solar power, engineering, research and First Nations engagement and economic development.

On behalf of the board of directors of
Deer Horn Capital Inc.

“Tyrone Docherty”
Tyrone Docherty
President and CEO

For further information please contact:

Tyrone Docherty
604.789.5653
tyrone@deerhorncapital.ca

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.

Click here to connect with Deer Horn Capital (CSE:DHC) for an Investor Presentation.

Source: www.globenewswire.com

Featured
Deerhorn Forecasts Growth in Tellurium Demand

Deer Horn  is a Canadian-based exploration and development company currently focused on developing the Deer Horn property, a site believed to be a rich gold and silver project with high tellurium grades. The property is located in west-central British Columbia.

Deer Horn Capital (CSE:DHC,OTCBB:GODYF) reports that recent market studies are forecasting steady growth in demand for tellurium over the next five years, while supplies may be declining due to changes in copper recovery and refining where most tellurium is produced.

Deer Horn is a Canadian-based exploration and development company currently focused on developing the Deer Horn property, a site believed to be a rich gold and silver project with high tellurium grades. The property is located in west-central British Columbia.

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The project, located in North-Central BC, is estimated to have a pre-tax net present value of C$56.6 million.

Canadian junior miner Deer Horn Capital (CSE:DHC) has released the results of a preliminary economic assessment (PEA) for its Deer Horn goldsilver-tellurium polymetallic project.

The asset, located in North-Central BC, is estimated to have a pre-tax NPV of C$56.6 million.

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Wondering about tellurium production by country? These four nations produced the most of the metal last year.

Tellurium is unknown to many investors, but the metal is rapidly growing in importance due to its use in solar panels. Thin-film solar cell production is the primary end use for tellurium, and is expected to drive demand in the years to come.
That said, the tellurium market is also highly dependant on copper, as more than 90 percent of tellurium is extracted as a by-product of copper mining and processing. For that reason, only small amounts of tellurium are produced annually. In fact, in 2016, world tellurium production by country was estimated to be just 400 metric tons (MT), the same amount as the previous year.
With that in mind, here’s a look at tellurium production by country in 2016, as reported by the US Geological Survey. It is worth noting that some producers, like Belgium and the US, do not publish output figures and therefore are not included in this ranking.

1. Russia

Production: 35 MT
Russia was the top tellurium-producing country in 2016, with its total output remaining the same as in 2015, at 35 MT.
Russian copper refiner Uralelektromed produces tellurium in the country as a by-product. Also, the Polar Division of Norilsk Nickel (MCX:GMKN), the world’s largest producer of nickel and palladium, produces significant amounts of tellurium.

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