E-Power Resources (CSE:EPR) focuses on developing new graphite resources to supply the growing demand for electric vehicle (EV) manufacturing. With projects located in Quebec and a highly experienced management team, E-Power is well-positioned to help bolster the North American graphite supply chain.
Graphite is the dominant component in anodes used in lithium-ion batteries for EVs. This growing need for graphite puts E-Power in an ideal position to develop new projects and support the growing market. With only one small graphite producer in North America, E-Power has a significant opportunity to become a new supplier of this vital mineral.
The company’s flagship asset, the Tetepisca Property, covers 12,620 hectares and is in the emerging Tetepisca Graphite District, one of North America's largest potential suppliers of graphite. The project is approximately 200 kilometers from Innovation et Development Manicouagan’s (IDM) planned 200,000-ton-per-year battery anode manufacturing facility at Baie-Comeau in Quebec. This proximity allows E-Power Resources to supply graphite for the new plant.
E-Power’s Turgeon project covers 18,366 hectares on the Abitibi Greenstone Belt. The company has completed a high-resolution airborne magnetic and electromagnetic survey covering the complete property and has interpreted several targets to be tested for gold and copper/zinc mineralization. The company has optioned out some of the claims and is currently evaluating options to fully explore and capitalize on the asset’s potential for gold and base metals.
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E-Power Resources (CSE:EPR) is a battery materials exploration and development company focusing on developing new graphite resources to supply the growing demand for electric vehicle (EV) manufacturing. With projects located in Quebec, one of the best mining jurisdictions in the world, and a highly experienced management team, E-Power is well-positioned to help bolster the North American graphite supply chain.
The graphite market is expected to grow by 500 percent in 2050, driven mainly by the global rise in demand for electric vehicles. Graphite is the dominant component in anodes used in lithium-ion batteries for EVs. This growing need for graphite puts E-Power in an ideal position to develop new projects and support the growing market.
Graphite is also used throughout the manufacturing industry, from foundries to lubricants, and increasing demand from the EV and battery sectors can potentially stretch the graphite supply chain for the manufacturing industry. With only one small graphite producer in North America, E-Power has a significant opportunity to provide the industry with new sources of this vital material.
The company’s flagship asset, the Tetepisca property, covers 12,620 hectares and is in the emerging Tetepisca Graphite District, one of North America's largest potential suppliers of graphite. The project is approximately 200 kilometers from Innovation et Developpement Manicouagan’s (IDM) planned 200,000-ton-per-year battery anode manufacturing facility at Baie-Comeau in Quebec. This proximity enables E-Power the opportunity to provide graphite resources for the new plant. Baie-Comeau is also a port with easy maritime links to European and other North American battery production.
E-Power’s Turgeon project covers 18,366 hectares on the Abitibi Greenstone Belt. The company has completed a high-resolution airborne magnetic and electromagnetic survey covering the complete property and has interpreted several targets to be tested for gold and copper/zinc mineralization. The company is currently evaluating options and seeking partners to fully explore and capitalize on the asset’s potential for gold and base metals.
An experienced management team with expertise in geology, corporate finance and capital markets throughout the mining industry leads the company toward its goal of becoming a leading graphite resource supplier in North America.
The flagship Tetepisca Graphite Project consists of 230 claims totaling 12,620 hectares in the Tetepisca Graphite District. The project is in Quebec, a mining-friendly jurisdiction, and 215 kilometers from a planned anode manufacturing facility in Baie-Comeau, Quebec. Tetepisca is ideally positioned to supply the market with graphite resources as the development proceeds.
E-Power’s Turgeon project is located in the Abitibi Greenstone Belt and comprises 331 claims over 18,366 hectares. The project borders Agnico Eagles’ Detour Lake Mine property and is roughly 15 kilometers north of the Casa Berardi Gold Mine. The company is currently evaluating options to monetize the property.
James Cross is a management consultant with capital markets experience in North America, Europe, the Middle East and South Asia. He served as president and CEO of Canadian Gold Resources, Ltd. from 2012–2017. In 2017, Canadian Gold Resources was sold to Colibri Resources (TSXV:CBI) on a share transaction basis valued at $4 million. He also served as director and vice-president of corporate development for Adroit Resources from 2010 to 2011, then listed on the TSX Venture Exchange. He has also acted as a consultant to a number of resource companies. In 1989, he earned a Bachelor of Science in management from the A.B Freeman School of Business, Tulane University.
Jamie Lavigne is an economic geologist with over 30 years of experience who has participated in several successful exploration and mine development projects. He has held senior positions with major Canadian and Australian mining companies, exploration and management roles with several junior exploration companies, and operates a geological services and consulting company. Lavigne holds a Bachelor of Science from Memorial University of Newfoundland, and a Master of Science from the University of Ottawa and is a member of L’Ordre des Géologues du Quebec and the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists.
Paul Haber has been involved in corporate finance and capital markets for over 20 years. He has served as the CFO and audit committee chair of many public and private companies. Some of the boards Haber has sat on include: XTM (CSE:PAID), South American Silver (TSX:SAC), Migao Corporation (TSX:MGO), China Health and Diagnostics. (TSXV:CHO), High Desert Gold (TSXV:HDG), and IND Dairytech (TSXV:IND). Haber has also served as the CFO of various public companies including, Oremex Gold (TSXV:OAG), SEL Exchange Inc. (TSXV:SEL) and Migao Corporation (TSX:MGO). Haber started his career with Coopers & Lybrand (now PricewaterhouseCoopers LLP). He is both a chartered accountant and a certified public accountant, with an Honors Bachelor of Arts in management from the University of Toronto. Haber was awarded his chartered director designation from the DeGroote School of Business in partnership with the Conference Board of Canada.
Commencement of the Tetepisca Exploration Program for 2024
E-Power Resources Inc. (CSE: EPR) ("E-Power" or the "Company") announces that it has mobilized its exploration crew to the Tetepisca Graphite Project and the 2024 exploration program is underway.
The objectives of the exploration program are:
The Company may post photos of the ongoing work on its website and in various public forums.
Option Grants
The Company also announces it has made option grants to certain directors, officers and consultants. A total of 1,700,000 options were issued. The options will expire on June 10, 2029, and have a strike price of 12 cents.
About E-Power Resources Inc.
E-Power Resources Inc. is an exploration stage company engaged principally in the acquisition, exploration, and development of graphite properties in Quebec. Its flagship asset, the Tetepisca Graphite Property, is located in the Tetepisca Graphite District of the North Shore Region of Quebec, approximately 215 kilometers from the Port of Baie-Comeau. For further information, please refer to the Company's disclosure record on SEDAR (www.sedarplus.ca) or contact the Company by email at info@e-powerresources.com.
On Behalf of the Board of Directors
James Cross
President & CEO
+1 (438) 701-3736
info@e-powerresources.com
Disclaimer for Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance are "forward-looking statements." These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The CSE has not reviewed, approved or disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214289
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E-Power Resources Inc (CSE: EPR) is pleased to announce that it will be participating in THE Mining Investment Event of the North, ("THE Event") taking place June 4-6, 2024 in Quebec City at the Centre des congrès de Québec.
Management from E-Power Resources Inc will be holding one-on-one investor meetings throughout the three-day conference.
Investors are invited to contact Jennifer Choi at jchoi@irinc.ca to inquire about registering to attend.
About E-Power Resources Inc
James Cross
4387013736
james.cross@e-powerresources.com
THE Event is invitation only - Interested investors & issuers please go here: https://www.themininginvestmentevent.com/register or contact Jennifer Choi, jchoi@irinc.ca
The latest Agenda, Brochure, participating companies, speakers & panelists may be found here: https://themininginvestmentevent.com.
About THE Mining Investment Event of the North - Canada's Only Tier I Global Mining Investment Conference© is held annually in Québec City, Canada. THE Event is independently sponsored and designed to facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities and provides a platform to hear from some of most influential thought leaders in the sector. THE Event is committed to promoting diversity, equality issues and sustainability in the mining industry via education and innovation through its unique Student Sponsorship and SHE-Co Initiatives.
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E-Power Resources Inc (CSE: EPR) ("E-Power" or the "Company") is pleased to announce it has issued the first tranche of 1,600,000 shares to Volt Carbon Technologies Inc ("Volt Carbon") as part of the option agreement announced on February 5, 2024.
The Company issued 1,600,000 shares to Volt Carbon on March 21, 2024. The shares are subject to a 4-month hold period. The Company will issue Volt Carbon another 2,500,000 shares when $340,000 is spent on exploration of the Tetepisca Property and a further 2,500,000 shares when the second $340,000 is spent on exploration of the Tetepisca Property. Volt Carbon has agreed to spend the full $680,000 during the 2024 calendar year. Spending the entire $680,000 on exploration of the Tetepisca Property, before December 31, 2024, will give Volt Carbon the right to acquire a 5% interest in the Tetepisca Property, on or before December 31, 2025, for a $1,500,000 cash payment.
The Exploration Committee established by the option agreement is looking forward to deploying the capital during the field season. Exploration and evaluation planned for 2024 at Tetepisca will include bulk sampling and metallurgical test work, diamond drilling to support resource delineation, and electromagnetic ground surveys over selected early-stage targets.
James Cross, President, and Chief Executive Officer of E-Power Resources said, "This capital provided by Volt Carbon represents an excellent head start on the financing of the 2024 field season. This is $680,000 we will not have to go to the capital markets to raise."
Following the issuance of 1,600,000 shares to Volt Carbon, E-Power Resources has 36,021,258 shares outstanding.
About E-Power Resources Inc.
E-Power Resources Inc. is an exploration stage company engaged principally in the acquisition, exploration, and development of graphite properties in Quebec. Its flagship asset, the Tetepisca Graphite Property, is located in the Tetepisca Graphite District of the North Shore Region of Quebec, approximately 215 kilometers from the Port of Baie-Comeau. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company by email at info@e-powerresources.com.
On Behalf of the Company
James Cross
President & CEO
+1 (438) 701-3736
info@e-powerresources.com
Disclaimer for Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations, or beliefs of future performance are "forward-looking statements". These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The CSE has not reviewed, approved, or disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202992
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E-Power Resources Inc. (CSE: EPR) ("E-Power" or the "Company") is pleased announce the results of the drilling and exploration program completed on the Tetepisca Graphite Property during the summer and fall of 2023.
Highlights include:
James Cross, President and CEO of E-Power commented: We are pleased with the 2023 exploration results and progress of the Tetepisca Project. The results at Captain Cosmos represent a high grade exploration discovery which we will be pursuing in the 2024 exploration season. The drill results confirm resource potential over an 850 metre strike length at the Graphi-Centre target and over a 400 metre strike length at the 1078 target. The results also confirm that very significant strike lengths of untested conductivity anomalies remain at both Graphi-Centre and 1078. We are busy planning the 2024 field season. We will be following up on these results and drilling targets to move towards resource tonnage delineation and we will be taking bulk samples from known high grade surface showings to establish flake size distribution and graphite concentrate quality for battery applications.
During the summer and fall of 2023, E-Power completed an exploration program consisting of 2650.5 metres in 18 diamond drill holes (NQ diameter core) and surface exploration which included beep mat prospecting and drilling a total of 19.35 metres in 6 holes (BQ diameter core) using a man-portable drill. A total of 672 m of core (650 samples) was analyzed for Carbon concentrations (per cent Carbon as graphite or "% Cg"). The exploration was completed primarily at four target areas previously prioritized by the Company including the Graphi-Centre, 1078, and Southern targets, and the Captain Cosmos group of claims. All holes drilled intersected graphite mineralization. Thirty percent of the samples returned Cg values above 1 %. Significant Cg intercepts are reported in table 1 and the location of the targets is indicated in figure 1.
Table 1. Significant Cg intercepts, 2023 Tetepisca Drilling Program
| Target | Hole ID | From (m) | To (m) | Length (m) | Cg |
| Graphi Centre | TTP23-010 | 50.50 | 51.60 | 1.10 | 3.61 |
| Graphi Centre | TTP23-010 | 57.75 | 58.25 | 0.50 | 17.80 |
| Graphi Centre | TTP23-011 | 65.00 | 67.60 | 2.60 | 1.30 |
| Graphi Centre | TTP23-011 | 71.10 | 71.60 | 0.50 | 2.37 |
| Graphi Centre | TTP23-012 | 130.60 | 131.10 | 0.50 | 3.40 |
| Graphi Centre | TTP23-012 | 136.30 | 136.90 | 0.60 | 4.70 |
| Graphi Centre | TTP23-013 | 7.70 | 11.50 | 3.80 | 17.85 |
| Graphi Centre | TTP23-013 | 28.30 | 28.80 | 0.50 | 15.60 |
| Graphi Centre | TTP23-014 | 8.15 | 8.75 | 0.60 | 15.00 |
| Graphi Centre | TTP23-014 | 14.60 | 18.30 | 3.70 | 9.57 |
| Graphi Centre | includes | 14.60 | 15.90 | 1.30 | 17.30 |
| Graphi Centre | TTP23-014 | 27.30 | 31.00 | 3.70 | 4.21 |
| Graphi Centre | TTPbp23-004 | 0.00 | 2.55 | 2.55 | 5.84 |
| Graphi Centre | TTPbp23-005 | 0.00 | 3.90 | 3.90 | 6.00 |
| Graphi Centre | TTPbp23-006 | 0.00 | 1.00 | 1.00 | 13.16 |
| Captain Cosmos | TTPbp23-001 | 0.00 | 5.15 | 5.15 | 23.97 |
| Captain Cosmos | TTPbp23-002 | 0.00 | 3.60 | 3.60 | 16.93 |
| Captain Cosmos | TTPbp23-003 | 0.00 | 3.15 | 3.15 | 17.30 |
| 1078 | TTP23-004 | 5.40 | 59.70 | 54.30 | 1.87 |
| 1078 | includes | 39.20 | 59.70 | 20.50 | 2.66 |
| 1078 | includes | 55.50 | 59.70 | 4.20 | 5.03 |
| 1078 | TTP23-004 | 95.80 | 96.30 | 0.50 | 25.30 |
| 1078 | TTP23-005 | 29.75 | 32.30 | 2.55 | 4.46 |
| 1078 | includes | 31.30 | 32.30 | 1.00 | 9.40 |
| 1078 | TTP23-005 | 49.80 | 67.70 | 17.90 | 2.27 |
| 1078 | includes | 54.25 | 61.00 | 6.75 | 4.09 |
| 1078 | TTP23-005 | 91.00 | 98.50 | 7.50 | 3.86 |
| 1078 | includes | 91.00 | 92.00 | 1.00 | 7.31 |
| 1078 | TTP23-006 | 5.50 | 42.30 | 36.80 | 1.13 |
| 1078 | TTP23-006 | 76.75 | 78.35 | 1.60 | 15.70 |
| 1078 | TTP23-007 | 23.45 | 44.20 | 20.75 | 2.01 |
| 1078 | includes | 39.00 | 44.20 | 5.20 | 3.66 |
Notes:
Graphi-Centre Target
Graphi Centre is a top priority target on the Tetepisca property. The pattern of conductivity is interpreted as a folded graphitic unit from which the Company has defined 3 drill targets; the northern limb, the hinge, and the southern limb zones. Only the northern limb was drill tested during the 2023 drilling campaign. Significant intercepts from the Graphi-Centre drilling are summarized in table 1. Results which include 17.85 % Cg over and intersection length of 3.80 metres, 9.57 % Cg over an intersection length of 3.70 m, and 17.80 % Cg over an intersection length of 0.50 m occur over a strike length of approximately 850m along the north limb zone. The man portable drilling returned 13.16 % Cg over 1.00 m, 6.00 % Cg over 3.90 m, and 5.84 Cg over 2.55 m along the 850 m strike length. Following up on the mineralized trend as well as drilling the hinge and southern limb zones at Graphi-Centre is a priority resource delineation target for the 2024 exploration season.
Captain Cosmos Claims
Captain Cosmos is an earlier stage exploration target on the Tetepisca property which has been prioritized based on favourable response to historical airborne conductivity surveys. Work on the Captain Cosmos target included beep mat prospecting to locate the airborne conductivity anomaly followed by excavation of overburden to expose bedrock, and prospect drilling with the man-portable drill. Three short, relatively closely spaced, holes were completed for a total of 11.9 m. Results of the Cg analyses range from 23.97 % Cg to 16.93 % Cg (Table 1). Further evaluation, including drilling, of the conductive trends on the Captain Cosmos target claims as well as trenching and bulk sampling are planned for the 2024 field program.
1078 Target
Four holes were competed at the 1078 target. All four holes intersected lower grade Cg mineralization over relatively long intersection lengths which include 1.87 % Cg over 54.3 m in hole TTP-23-004 (which includes 2.66 % Cg over 20.50 m), 2.27 % Cg over 17.90 m in TTP23-005, 1.13 % Cg over 36.8 m in hole TTP23-006, and 2.01 Cg over 20.75 m in TTP23-007. All holes contained narrower high grade intercepts including 25.3 % Cg over 0.5 m in TTP23-004 and 15.70 % Cg over 1.6 m in TTP23-006 (Table 1). The four holes drilled at the 1078 target confirm mineralization over a 400 m strike length of the airborne conductor. The total length of the conductive trend on the 1078 block of claims is approximately 4.25 km which will be evaluated for resource potential during the 2024 exploration season.
Southern Target
A total of 7 holes were drilled at the Southern target. Initially 3 holes were completed on the western side of the Southern target and subsequently 4 holes were completed on the eastern side. The southern target was prioritized based on conductivity signature as well historical drilling and trenching on adjacent property claims to the east. Graphite was intersected in all holes drilled in the Southern target however with few exceptions were narrow and low grade. No further work is planned for the Southern target at this time.
About the Tetepisca Property
The Tetepisca Property is located approximately 220 km north of the town and deep water port of Baie-Comeau in the North Shore Region of Québec. The property is accessed by paved Provincial Highway 389 to the Manic 5 hydro-electric dam and then by a well developed network of logging roads. Total driving time from Baie Comeau to the property is approximately 3.25 hours. Baie-Comeau is the planned location of a 200,000 tonne per year battery anode material producer. The property consists of 230 claims covering an area of approximately 12,620 hectares within the emerging Tetepisca Graphite District ("TGD") which is an active exploration and development district with measured and indicated resources in excess of 100 Mt at an average grade of 14% Cg. E-Power holds the largest number of claims in the TGD. The Tetepisca Property provides an excellent opportunity to host very significant graphite resources in a tier-one jurisdiction providing for environmentally and socially responsible development and production.
Figure 1. Southern Tetepisca Property. Drill and exploration targets
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Figure 2. Graphi-Centre. Conductivity, drill collar locations and Cg results
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Figure 3. 1078 Target. Conductivity, drill collar locations and Cg results
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Analytical and QAQC
Geological logging, sampling, and QAQC of Tetepisca core was completed under the direction of Maxime Bouchard, P.Geo. Graphitic carbon analyses were competed at ALS Geochemistry ("ALS") an international certified testing laboratory independent of E-Power. NQ core samples were prepared by sawing the core with half the core returned to the core tray for archive and half placed in a labelled bag for shipment to ALS in Val d'Or, Quebec. The archived core remains in secure storage in Saguenay, Quebec. BQ core samples were not split and were shipped as whole core. Preparation of the samples for Graphitic Carbon analyses included crushing the core sample to greater than 70% less than 2 mm, taking a 250 gram split of the crushed material, and pulverizing the split to 85% les than 75 microns. A 0.10 g sample of the pulvized sample is split for analysis and digested in 50% HCl to evolve carbonate as CO2. The residue was filtered, washed, dried and then roasted at 425C. The roasted residue was analysed for carbon by oxidation, induction furnace and infrared spectroscopy. ALS completes QAQC protocol controlling the sample handling, preparation, and analyses processes. Independent QAQC included the insertion of Certified Reference Materials and check analyses into the sample stream.
Qualified Persons
The 2023 Tetepisca drilling and exploration program was completed under the direction and supervision of consulting geologist Maxime Bouchard, P.Geo and Jamie Lavigne, P.Geo, Vice President of Exploration and a Director of E-Power Resources Inc. Mr. Lavigne has reviewed and approved the contents of this press release. Mr. Bouchard and Mr. Lavigne are both Qualified Persons as defined in NI 43-101.
About E-Power
E-Power Resources Inc. is a Québec Corporation based in Montréal and focused on battery minerals exploration in Québec. The Company is currently advancing two projects; the Tetepisca property, located in the North Shore region of the Province and the Turgeon property located in the Abitibi region adjacent to the Ontario border. The Company's priority target is flake graphite on the Tetepsica Property. The Turgeon property is located in the prolific Abitibi gold and base metal mining district and the Company is evaluating Turgeon primarily for its copper-zinc and gold potential.
For more information about E-Power Resources Inc. please visit the Company website at: e-powerresources.com.
Notice Regarding Forward-Looking Statements:
All statements, other than statements of historical fact, contained in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as "forward-looking statements"). Forward-looking statements include, but are not limited to, the Company's future exploration plans with respect to its property interests and the timing thereof, the prospective nature of the projects, future graphite markets, success of exploration activities and metallurgical test work, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of exploration work, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the assumed long-term price of graphite, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour, and that the political environment within Canada and the United States will continue to support the development of mining projects in Canada. In addition, the similarity or proximity of other graphite deposits to the Company's projects is not necessary indicative of the geological setting and mineralization at the Tetepisca project.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of GFG to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: actual results of current exploration activities; environmental risks; future prices of gold; operating risks; accidents, labour issues and other risks of the mining industry; availability of capital, delays in obtaining government approvals or financing; and other risks and uncertainties. These risks and uncertainties and the additional risks described in the Company's most recently filed annual and interim MD&A are not, and should not be construed as being, exhaustive.
Although E-Power has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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. In addition, forward-looking statements are provided solely for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements in this news release are made as of the date hereof and E-Power assumes no obligation to update any forward-looking statements, except as required by applicable laws.
For information contact: James Cross, CEO, Tel: (438) 701-3736, info@e-powerresources.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197592
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Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) (FSE: WNF) ("VCT") is pleased to announce that it has entered into an option agreement with E-Power Resources Inc. (CSE: EPR) ("EPR") (the "Agreement") for Volt to acquire an interest in EPR's Tetepisca Graphite Project, located in Northern Quebec (collectively, the "Property"), subject to approval by the TSX Venture Exchange ("TSX-V") and the Canadian Securities Exchange ("CSE").
Under the terms of the Agreement, EPR has agreed to: (i) grant Volt an option to acquire an undivided five percent (5%) interest in the Property that is exercisable until December 31, 2025 (the "Property Option"); and (ii) issue 6,800,000 shares of EPR to Volt (the "Shares"). As consideration for the Property Option and the Shares, Volt has agreed to expend $680,000 on the Property (the "Exploration Expenditures") prior to December 31, 2024. Should Volt choose to exercise the Property Option, in addition to the Exploration Expenditures, Volt will be required to make a cash payment of $1,500,000 to EPR.
"Establishing this option agreement with E-Power Resources for the Tetepisca Graphite Project aligns well with Volt's strategy to increase its access to graphite resources. Our objective is to scale up and capitalize on our exclusive dry processing methods for the sustainable purification of graphite, specifically tailored for battery anode applications. We are excited about the prospects this collaboration brings, particularly within this geographic region, and reassert our commitment to advancing sustainable solutions in the energy storage and green energy sectors." - V-Bond Lee, CEO of Volt Carbon Technologies
About Volt Carbon Technologies
Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada. For the latest information on Volt Carbon's properties and news please refer to the website www.voltcarbontech.com.
On behalf of the Board of Directors,
Volt Carbon Technologies Inc.
V-Bond Lee, P. Eng.
CEO, President, Chairman of the Board and Director
Information Contact :
Email: info@voltcarbontech.com
Tel: (647-546-7049)
Neither 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.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Volt Carbon's business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "intends" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" 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 include those with respect to: (i) receipt of the approval of the TSX-V and CSE for the Agreement; (ii) Volt's intention to make the Exploration Expenditures prior to December 31, 2024; (iii) the ability of Volt to make the $1,500,000 cash payment to EPR should Volt choose to exercise the Property Option and (iv)Volt's objective to scale up and capitalize on its exclusive dry processing methods for the sustainable purification of graphite, specifically tailored for battery anode applications.
Statements of past performance should not be construed as an indication of future performance. Forward-Looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-Looking information is provided as of the date of this press release, and Volt Carbon assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/196827
News Provided by Newsfile via QuoteMedia
Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) held today its virtual Annual General and Special Meeting of Shareholders (the "Meeting") which was supplemented with a corporate presentation. NMG's management team provided shareholders with an update on the Company's key projects, agreements with Anchor Customers Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") ( TYO: 6752 ), and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (collectively, "GM") ( NYSE: GM ), additional commercial engagement, as well as growth plan.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240627856196/en/
Caterpillar, NMG and Toromont representatives at Caterpillar's Tuscon Mining Center as part of a two-day on-site visit. (Photo: Business Wire)
Eric Desaulniers, Founder, President, and CEO of NMG, said: "Foundational milestones attained since the beginning of the year have enabled us to position NMG as a leading active anode material producer with solid commercial partnerships and 100% ownership of North America's two largest and most advanced projected natural graphite operations. Our team is now actively advancing engineering to reflect our Anchor Customers' product specifications and defining execution plans to deliver on our Phase 2, the Matawinie Mine and the Bécancour Battery Material Plant."
Matters Voted upon at the Meeting and Results
Each of the eight nominees listed in the Company's management information circular dated May 21, 2024, provided in connection with the Meeting were reappointed as Directors of the Company.
Shareholders also adopted all other resolutions submitted for their approval, including the appointment of PricewaterhouseCoopers LLP as the auditors of the Company to hold office until the close of the next annual meeting of the Company and the authority given to directors to set its compensation, and the ratification and confirmation of the stock option plan of the Company.
The complete voting results for each item of business are as follows:
ELECTION OF DIRECTORS
Name of Nominee | Votes in Favor | % Votes in Favor | Votes Withheld | % Votes Withheld |
Stephanie Anderson | 44,178,608 | 99.78% | 99,409 | 0.22% |
Daniel Buron | 44,172,257 | 99.76% | 105,759 | 0.24% |
Eric Desaulniers | 44,137,201 | 99.68% | 140,815 | 0.32% |
Arne H Frandsen | 44,100,938 | 99.60% | 177,078 | 0.40% |
Jürgen Köhler | 44,046,203 | 99.48% | 231,813 | 0.52% |
Nathalie Pilon | 44,181,060 | 99.78% | 96,957 | 0.22% |
James Scarlett | 44,060,774 | 99.51% | 217,242 | 0.49% |
Andrew Willis | 43,399,924 | 99.37% | 278,092 | 0.63% |
APPOINTMENT AND COMPENSATION OF PRICEWATERHOUSE COOPERS LLP AS AUDITOR
Votes in Favor | % Votes in Favor | Votes Withheld | % Votes Withheld |
48,025,453 | 99.86% | 65,632 | 0.14% |
RATIFICATION AND CONFIRMATION OF THE COMPANY'S STOCK OPTION PLAN
Votes in Favor | % Votes in Favor | Votes Against | % Votes Against |
43,390,421 | 98% | 887,595 | 2% |
Details of the voting results on all matters considered at the Meeting are available in the Company's report of voting results, which is available under NMG's profile on SEDAR at www.sedarplus.ca and on EDGAR at www.sec.gov .
Advancement of NMG's Business Strategy
The Company is currently updating the results of the feasibility study for its integrated ore-to-anode-material Phase 2 to reflect the latest technological advancements, specific requirements from Anchor Customers, budget optimization, and other project planning developments. Outputs from this exercise will support project financing as NMG continues discussions with multiple governmental agencies and programs, strategic investors, and lenders in view of the final investment decision ("FID"). Preliminary work on each site provides a strong footing for launch of construction once minimum financing is reached. The Company has assembled its core owner team and has selected an integrated project team model to ensure greater control over the project's direction as well as reduced project management and overall capital costs .
NMG is also reporting progress on the development of zero-emission equipment for the Matawinie Mine thanks to strategic agreements with Caterpillar Inc. ("Caterpillar"). Direct involvement from respective technical and mining teams informs an integrated solution tailored to the Matawinie site, covering the fleet, charging infrastructure and operating site management.
The Company is actively engaging with other tier-1 potential customers for offtake agreement(s) on the balance of its Phase-2 active anode material production accompanied by strategic investments. In addition, the recent acquisition of the Uatnan Mining Project , a key asset to underpin NMG's Phase 3, provides a scalable commercial profile aligned with the western market growth set to reach nearly 2.7 TWh by the end of the decade (Benchmark Mineral Intelligence, June 2024). Hence, the Company has initiated the assessment of industrial sites for the establishment battery material plants to refine this production, including in Québec, Europe and the U.S., close to its potential customer base.
Geopolitics, with escalating tensions between the U.S. and China on critical components of the energy transition, including graphite, batteries and electric vehicles ("EVs"), have created strong tailwinds for the Company over the past few months. China, which controls over 95% of the global spherical graphite production (Benchmark Mineral Intelligence, February 2024) has announced restrictions on graphite exports, while the U.S. defined limitations on battery components or critical minerals sourced from China or Chinese-controlled companies, and announced the reinstatement of tariffs on graphite from China.
These trade tensions amplify pressure on battery and EV manufacturers for securing graphite, especially in a sustained growth environment. Indeed, EV sales have grown 19% year-over-year worldwide (Rho Motion, May 2024) while the energy storage market almost tripled in 2023 (BloombergNEF, April 2024).
About Nouveau Monde Graphite
Nouveau Monde Graphite is an integrated company developing responsible mining and advanced manufacturing operations to supply the global economy with carbon-neutral active anode material to power EV and renewable energy storage systems. The Company is developing a fully integrated ore-to-battery-material source of graphite-based active anode material in Québec, Canada. With enviable ESG standards and structuring partnerships with anchor customers, NMG is set to become a strategic supplier to the world's leading lithium-ion battery and EV manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://bit.ly/3UDrY3X
Cautionary Note
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the update of the feasibility study for its Phase 2 reflecting the technological advancements, specific requirements of the Anchor Customers, budget optimization, and other project planning developments, to support project financing, and the discussions with various governmental agencies, strategic investors, and lenders, as well as the advantages of its project execution model to ensure greater control over the project's direction and reduction project management and engineering costs, the active discussions and positive outcome with other tier-1 potential customers for the balance of its Phase-2 active anode material production, strategic investments and the potential of the Phase 3 Uatnan project to meet the western market growth, the assessment of industrial sites for the establishment of production plants for such production, and the intended results of the initiatives described in this press release and those statements which are discussed under the "About Nouveau Monde" paragraph and elsewhere in the press release which essentially describe the Company's outlook and objectives, constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation at estimated prices of the equipment supporting the production, assumed sale prices for graphite concentrate, the accuracy of any Mineral Resource estimates, future currency exchange rates and interest rates, political and regulatory stability, prices of commodity and production costs, the receipt of governmental, regulatory and third party approvals, licenses and permits on favorable terms, sustained labor stability, stability in financial and capital markets, availability of equipment and critical supplies, spare parts and consumables, the various tax assumptions, CAPEX and OPEX estimates, all economic and operational projections relating to the project, local infrastructures, the Company's business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, those risks, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company's assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company's businesses, including the changes in China's policy regarding restrictions on Chinese graphite materials exportations, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG's Annual Information Form dated March 27, 2024, including in the section thereof captioned "Risk Factors", which is available on SEDAR at www.sedarplus.ca and on EDGAR at www.sec.gov . Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. 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. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Company believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Company has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
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.
Further information regarding the Company is available in the SEDAR database ( www.sedarplus.ca ), and for United States readers on EDGAR ( www.sec.gov ), and on the Company's website at: www.NMG.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20240627856196/en/
MEDIA
Julie Paquet
VP Communications & ESG Strategy
1-450-757-8905 #140
jpaquet@nmg.com
INVESTORS
Marc Jasmin
Director, Investor Relations
1-450-757-8905 #993
mjasmin@nmg.com
News Provided by Business Wire via QuoteMedia
Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) held today its virtual Annual General and Special Meeting of Shareholders (the "Meeting") which was supplemented with a corporate presentation. NMG's management team provided shareholders with an update on the Company's key projects, agreements with Anchor Customers Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") ( TYO: 6752 ), and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (collectively, "GM") ( NYSE: GM ), additional commercial engagement, as well as growth plan.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240627856196/en/
Caterpillar, NMG and Toromont representatives at Caterpillar's Tuscon Mining Center as part of a two-day on-site visit. (Photo: Business Wire)
Eric Desaulniers, Founder, President, and CEO of NMG, said: "Foundational milestones attained since the beginning of the year have enabled us to position NMG as a leading active anode material producer with solid commercial partnerships and 100% ownership of North America's two largest and most advanced projected natural graphite operations. Our team is now actively advancing engineering to reflect our Anchor Customers' product specifications and defining execution plans to deliver on our Phase 2, the Matawinie Mine and the Bécancour Battery Material Plant."
Matters Voted upon at the Meeting and Results
Each of the eight nominees listed in the Company's management information circular dated May 21, 2024, provided in connection with the Meeting were reappointed as Directors of the Company.
Shareholders also adopted all other resolutions submitted for their approval, including the appointment of PricewaterhouseCoopers LLP as the auditors of the Company to hold office until the close of the next annual meeting of the Company and the authority given to directors to set its compensation, and the ratification and confirmation of the stock option plan of the Company.
The complete voting results for each item of business are as follows:
ELECTION OF DIRECTORS
Name of Nominee | Votes in Favor | % Votes in Favor | Votes Withheld | % Votes Withheld |
Stephanie Anderson | 44,178,608 | 99.78% | 99,409 | 0.22% |
Daniel Buron | 44,172,257 | 99.76% | 105,759 | 0.24% |
Eric Desaulniers | 44,137,201 | 99.68% | 140,815 | 0.32% |
Arne H Frandsen | 44,100,938 | 99.60% | 177,078 | 0.40% |
Jürgen Köhler | 44,046,203 | 99.48% | 231,813 | 0.52% |
Nathalie Pilon | 44,181,060 | 99.78% | 96,957 | 0.22% |
James Scarlett | 44,060,774 | 99.51% | 217,242 | 0.49% |
Andrew Willis | 43,399,924 | 99.37% | 278,092 | 0.63% |
APPOINTMENT AND COMPENSATION OF PRICEWATERHOUSE COOPERS LLP AS AUDITOR
Votes in Favor | % Votes in Favor | Votes Withheld | % Votes Withheld |
48,025,453 | 99.86% | 65,632 | 0.14% |
RATIFICATION AND CONFIRMATION OF THE COMPANY'S STOCK OPTION PLAN
Votes in Favor | % Votes in Favor | Votes Against | % Votes Against |
43,390,421 | 98% | 887,595 | 2% |
Details of the voting results on all matters considered at the Meeting are available in the Company's report of voting results, which is available under NMG's profile on SEDAR at www.sedarplus.ca and on EDGAR at www.sec.gov .
Advancement of NMG's Business Strategy
The Company is currently updating the results of the feasibility study for its integrated ore-to-anode-material Phase 2 to reflect the latest technological advancements, specific requirements from Anchor Customers, budget optimization, and other project planning developments. Outputs from this exercise will support project financing as NMG continues discussions with multiple governmental agencies and programs, strategic investors, and lenders in view of the final investment decision ("FID"). Preliminary work on each site provides a strong footing for launch of construction once minimum financing is reached. The Company has assembled its core owner team and has selected an integrated project team model to ensure greater control over the project's direction as well as reduced project management and overall capital costs .
NMG is also reporting progress on the development of zero-emission equipment for the Matawinie Mine thanks to strategic agreements with Caterpillar Inc. ("Caterpillar"). Direct involvement from respective technical and mining teams informs an integrated solution tailored to the Matawinie site, covering the fleet, charging infrastructure and operating site management.
The Company is actively engaging with other tier-1 potential customers for offtake agreement(s) on the balance of its Phase-2 active anode material production accompanied by strategic investments. In addition, the recent acquisition of the Uatnan Mining Project , a key asset to underpin NMG's Phase 3, provides a scalable commercial profile aligned with the western market growth set to reach nearly 2.7 TWh by the end of the decade (Benchmark Mineral Intelligence, June 2024). Hence, the Company has initiated the assessment of industrial sites for the establishment battery material plants to refine this production, including in Québec, Europe and the U.S., close to its potential customer base.
Geopolitics, with escalating tensions between the U.S. and China on critical components of the energy transition, including graphite, batteries and electric vehicles ("EVs"), have created strong tailwinds for the Company over the past few months. China, which controls over 95% of the global spherical graphite production (Benchmark Mineral Intelligence, February 2024) has announced restrictions on graphite exports, while the U.S. defined limitations on battery components or critical minerals sourced from China or Chinese-controlled companies, and announced the reinstatement of tariffs on graphite from China.
These trade tensions amplify pressure on battery and EV manufacturers for securing graphite, especially in a sustained growth environment. Indeed, EV sales have grown 19% year-over-year worldwide (Rho Motion, May 2024) while the energy storage market almost tripled in 2023 (BloombergNEF, April 2024).
About Nouveau Monde Graphite
Nouveau Monde Graphite is an integrated company developing responsible mining and advanced manufacturing operations to supply the global economy with carbon-neutral active anode material to power EV and renewable energy storage systems. The Company is developing a fully integrated ore-to-battery-material source of graphite-based active anode material in Québec, Canada. With enviable ESG standards and structuring partnerships with anchor customers, NMG is set to become a strategic supplier to the world's leading lithium-ion battery and EV manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://bit.ly/3UDrY3X
Cautionary Note
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the update of the feasibility study for its Phase 2 reflecting the technological advancements, specific requirements of the Anchor Customers, budget optimization, and other project planning developments, to support project financing, and the discussions with various governmental agencies, strategic investors, and lenders, as well as the advantages of its project execution model to ensure greater control over the project's direction and reduction project management and engineering costs, the active discussions and positive outcome with other tier-1 potential customers for the balance of its Phase-2 active anode material production, strategic investments and the potential of the Phase 3 Uatnan project to meet the western market growth, the assessment of industrial sites for the establishment of production plants for such production, and the intended results of the initiatives described in this press release and those statements which are discussed under the "About Nouveau Monde" paragraph and elsewhere in the press release which essentially describe the Company's outlook and objectives, constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation at estimated prices of the equipment supporting the production, assumed sale prices for graphite concentrate, the accuracy of any Mineral Resource estimates, future currency exchange rates and interest rates, political and regulatory stability, prices of commodity and production costs, the receipt of governmental, regulatory and third party approvals, licenses and permits on favorable terms, sustained labor stability, stability in financial and capital markets, availability of equipment and critical supplies, spare parts and consumables, the various tax assumptions, CAPEX and OPEX estimates, all economic and operational projections relating to the project, local infrastructures, the Company's business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, those risks, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company's assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company's businesses, including the changes in China's policy regarding restrictions on Chinese graphite materials exportations, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG's Annual Information Form dated March 27, 2024, including in the section thereof captioned "Risk Factors", which is available on SEDAR at www.sedarplus.ca and on EDGAR at www.sec.gov . Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. 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. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Company believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Company has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
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.
Further information regarding the Company is available in the SEDAR database ( www.sedarplus.ca ), and for United States readers on EDGAR ( www.sec.gov ), and on the Company's website at: www.NMG.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20240627856196/en/
MEDIA
Julie Paquet
VP Communications & ESG Strategy
1-450-757-8905 #140
jpaquet@nmg.com
INVESTORS
Marc Jasmin
Director, Investor Relations
1-450-757-8905 #993
mjasmin@nmg.com
News Provided by Business Wire via QuoteMedia
Figure 1: Lac Carheil Graphite Project location, Lac Carheil, Mining Communities, Mining operations, Position of Hydro Quebec 315 KV powerline and proposed new route of main highway (389) to Fermont.
Project Name change to Lac Carheil Graphite project.
Metals Australia has changed the name of the Graphite project to Lac Carheil Graphite Project, as the project’s existing Mineral Resource (13.3 Mt @ 11.5% Graphitic Carbon (Cg) including Indicated of 9.6Mt @ 13.1% Cg & Inferred 3.7Mt @ 7.3% Cg)1 is relatively close to Lac Carheil and a considerable distance from Lac Rainy. Communications have frequently referenced the Carheil trend as the graphite trend on which the current resource exists. The use of Lac Rainy as a project reference has created confusion with stakeholders, given its position to temporarily suspended exploration areas (Figure 2). Figure 2 shows the position of the project resource and lake locations. Also shown are exclusion areas that form part of an Aquatic reserve associated with the Moisie River and its key tributaries, which is approximately 35km south of our current resource. Areas shown in orange have been designated as mining incompatible, while purple areas are under temporary suspension.
Click here for the full ASX Release
This article includes content from Metals Australia Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Highlights
Commenting on the appointment, Altech’s Chief Financial Officer Martin Stein stated“Altech has battery technology in CERENERGY® that has the potential to be revolutionary as the world transitions to a renewable energy future. Altech has the worldwide rights to manufacture, license and distribute the battery globally. In appointing KPMG with its global network, strong reputation and credibility, Altech believes that KPMG will greatly assist with the financing process for its 120MWh CERENERGY® battery plant in Germany and will strengthen Altech’s position in securing the finance required”.
Click here for the full ASX Release
This article includes content from Altech Batteries, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
International Graphite Limited (ASX: IG6) is making rapid progress on feasibility studies to advance development of the Company’s integrated graphite processing operations in Western Australia.
HIGHLIGHTS
Walkabout’s Managing Director and CEO Andrew Cunningham said, “The successful production of on-spec, saleable product during the commissioning process at the Lindi Jumbo plant facility is an exciting milestone. To achieve our first concentrate shipment from site, at a time when customers are looking to shore up their graphite supply chains is a rewarding and outstanding outcome for the tenacity of our people, community, contractors and shareholders. We now have the opportunity to engage with more end-users as we continue to demonstrate we have a viable product and that we are serious contenders in development of non-Chinese graphite supply.”
Lindi Jumbo Project Update
COMMISSIONING ACTIVITIES
All sections of the plant are commissioned.
The priority commissioning team remains focused on is the increase of plant availability to run the entire circuit on a more continuous basis, while steadily increasing throughput to reach the planned production volume of 40Ktpa. Having the plant available and operating for an entire 12-hour shift has been an important milestone during the commissioning and ramp-up period.
Once the throughput targets have been met the team will turn its attention to the end-to-end optimisation of processing circuits to consistently achieve customer product specifications.
Logistics efficiency is also a focus, with bagged on-spec product accumulated in the load out area ready to be transported to port. Currently, any product not meeting specification is reprocessed as determined by the Lindi Jumbo on-site laboratory.
Figure 1: Lindi Jumbo bagged, on-spec flake graphite concentrate awaiting shipment at the Lindi Jumbo loading hold.
PRODUCT SHIPMENT
Although volumes are still relatively modest due to limited plant availability and utilisation during the commissioning and early ramp-up phase, the first consignment of on-spec bagged graphite concentrate has been shipped to Dar es Salaam for sale to Wogen under the exclusive offtake agreement (See announcement 22 July 2022). This first sale forms part of a larger order from an end customer in Europe. Road access to both ports is now available after the recent cyclone.
CONTRACTS
Issue of the Final Completion Certificate (“FCC”) by the EPC contractor (Jinpeng) will occur once the required throughput tonnages are achieved and sustained for a period of 48 hours. Once signed off, the plant will be handed over to the operating team to continue the ramp up over the coming months. A number of processing and maintenance specialists from Jinpeng will remain on site for as long as required.
Following FCC, it is not expected that Lindi Jumbo will make any post commissioning cash payments to Jinpeng as the mine has incurred a substantial amount of in-country costs on behalf of the EPC contractor and the remaining net balance will be settled by way of the issue of shares (See ASX announcement of 28 August 2023).
Click here for the full ASX Release
This article includes content from Walkabout Resources Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.