The Diorite Nose/NW area was initially trenched in 2017, returning 1.55 g/t Au over 9m, including 3.94 g/t over 1m (press release May 9 2019). This area was expanded to create a bedrock exposure which was washed, mapped and channelled, with some adjacent unwashed stripping also undertaken. This exposure revealed felsite and porphyry units forming discontinuous lenses, demonstrated as mineralized in prior trenching, and dykes which strongly cross-cut the regional structures, namely the Cadillac Break. In addition to this at least 3 low-angle quartz veins were discovered in the NW and an area of the Cadillac Break schists which contains multiple narrow lenses of diorite, felsite and quartz which strongly resemble mixed-lithology mineralized zones seen in several of Renforth’s drillholes in the NW.
The southern Sediment/Splay area was trenched over a diorite/schist unit (a Diorite Splay) forming a prominent ridge and ended in the Pontiac Sediments in the south. This area was mapped in a preliminary fashion only as washing was not possible due to equipment breakdown. The target of this trenching was mineralized veins intersected along the south margin of the diorite in drill holes, several veins were uncovered on surface in expected locations when projected to surface.
The undrilled area of the Cadillac Break with outcrop was stripped and exposed two lenses of a type of felsite set in schist close to the south margin of a large diorite. This area could not be washed but samples were selected.
The undrilled area near the ramp was stripped in the vicinity of the previous grab sample of 1.04 g/t Au taken on a narrow ridge. Stripping revealed a number of bulbous ridges in the area of the original showing, numerous quartz veins were exposed over 5m in strike, these were sampled. Also exposed was a 1.5m wide felsite-type structure striking almost N/S, perpendicular to the Break, this program has highlighted several of these, their presence is of interest as they could have been missed in drilling to date, which has all been carried out perpendicular (almost N/S) to the Break where it would be alongside the structures.
Samples were cut, bagged and tagged in the field by the geologists, they have been delivered for assay and will be reported upon once results are available.
Brian H. Newton P.Geo, a qualified person pursuant to the guidelines contained in National Instrument 43-101, has approved the technical information found in this press release.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T:905-831-9606
E: nicole@renforthresources.com
#269 – 1099 Kingston Road, Pickering ON L1V 1B5
No securities regulatory authority has approved or disapproved of the contents of this news release.
Forward Looking Statements
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
Click here to connect with Renforth Resources (CSE:RFR) for an Investor Presentation.
Source: www.accesswire.com
EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 70 th Emerging Growth Conference on May 8 & 9, 2024.
The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.
Register for the Conference here .
Submit Questions for any of the presenting companies to:
Questions@EmergingGrowth.com
For updates, follow us on Twitter
Day 2
May 9, 2024
8:45
Virtual Lobby opens.
Register for the Conference . If you already registered, go back to the registration link and click "Already registered" and enter your email.
9:00
Introduction
9:05 - 9:35
Digital Brand Media & Marketing Group, Inc. (OTC Pink: DBMM)
Keynote speaker: Reggie James, COO, Sr. VP & Exec. Director
9:40 - 10:10
Webuy Global LTD., (NASDAQ: WBUY)
Keynote speaker: Vincent Xue Bin, CEO
10:15 - 10:45
Meihua International Medical Technologies Co. (NASDAQ: MHUA)
Keynote speaker: Mr. Steven Wang, CEO
11:25 - 11:55
ReGen III Corp. (OTCQB: ISRJF) (TSXV: GIII)
Keynote speaker: Mark Redcliffe, President
12:35 – 1:05
Ur-Energy Inc., (NYSE American: URG) (TSX: URE)
Keynote speaker: John W Cash, CEO
1:45 - 2:15
Regen BioPharma Inc. (OTC Pink: RGBP)
Keynote speakers: David Koos, President / CEO, and Harry M. Lander, Ph.D. Senior Scientific Consultant
2:20 – 2:50
Plant Veda Foods, Ltd.'s (OTC Pink: PLVFF) (CSE: MILK)
Keynote speakers: Sunny Gurnani, President / CEO
2:55 - 3:05
AseptiScope, Inc.
Keynote speaker: Scott W Mader – Founder & CEO
3:10 - 3:20
OptimumBank Holdings, Inc. (NASDAQ: OPHC)
Keynote speaker: Moishe Gubin, Chairman of the Board.
3:25 – 3:35
FendX Technologies, Inc. (OTCQB: FDXTF) (CSE: FNDX)
Keynote speaker: Carolyn Myers, CEO
3:40 - 3:50
Strawberry Fields REIT, Inc., (NYSE: STRW)
Keynote speaker: Moishe Gubin, Chairman, CEO
3:55 - 4:05
Zoned Properties, Inc. (OTCQB: ZDPY)
Keynote speaker: Bryan Mclaren, CEO
4:10 – 4:20
Sigyn Therapeutics, Inc. (OTCQB: SIGYD SIGY)
Keynote speaker: James Allen Joyce, CEO
________________________________________________________________________
Presented on May 8, 2024:
Owlet, Inc. (NYSE: OWLT)
Keynote speaker: Kurt Workman, Founder & CEO
NCS Multistage Holdings, Inc. (NASDAQ: NCSM)
Keynote speaker: Ryan Hummer, CEO & Director
Bioxytran, Inc. (OTCQB: BIXT)
Keynote speaker: Dr. David Platt, Chairman, President & CEO
LogicMark, Inc. (NASDAQ: LGMK)
Keynote speaker: Ms. Chia-Lin Simmons, CEO
Ideanomics (NASDAQ: IDEX)
Keynote speaker: Alfred P. Poor – CEO & Director
Maritime Launch Services, Inc. (OTCQB: MAXQF) (NEO: MAXQ)
Keynote speaker: Stephen Matier, President / CEO
Immuron Limited (NASDAQ: IMRN)
Keynote speaker: Steve Lydeamore, CEO
Visit the following link to register. You will then receive an email containing the link and time to sign into the conference.
Register for the Conference here .
Submit Questions for any of the presenting companies to:
Questions@EmergingGrowth.com
Replays: Subscribe to our YouTube Channel
About EmergingGrowth.com
Founded in 2009, Emerging Growth.com quickly became a leader in its space and has developed an extensive history of identifying emerging growth companies that can be overlooked by the investment community.
About the Emerging Growth Conference
The Emerging Growth Conference is an effective way for public companies to engage with the investment community regarding their Company, new products, services and other major announcements from anywhere, in an effective and time efficient manner.
All sessions are conducted through video webcasts. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients. Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future. In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any virtual handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.
If you believe or know of a company that might fit our audience, contact us here .
Thank you for your interest in our conference, and we look forward to your participation in future conferences.
Contact:
Emerging Growth
Phone: 1-305-330-1985
Email: Conference@EmergingGrowth.com
News Provided by GlobeNewswire via QuoteMedia
NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has entered into a binding term sheet with MMCap International Inc. SPC ("MMCap") for the purchase (the "Purchase") of 2,702,410 pounds natural uranium concentrate (" U 3 O 8 ") for an aggregate purchase price of US$250 million based on the five day average UxC spot price.
In satisfaction of the purchase price for the U 3 O 8, the Company has agreed to issue US$250 million aggregate principal amount of unsecured convertible debentures (the "Debentures"). The Debentures will be convertible at the holder's option into approximately 23 million common shares of NexGen (the "Common Shares") equivalent to ~4.3% of the Company's issued and outstanding Common Shares.
Upon closing of the previously announced Australian Chess Depository Interest ("CDI") offering, as well as this transaction with MMCap, the Company will have ~C$600 million in cash and US$250 million worth of physical uranium on its balance sheet.
Leigh Curyer, Chief Executive Officer, commented: "At a time when available physical uranium is extremely tight and expected to continue to be scarce given the long-term supply deficit, this purchase represents a strong opportunity for the Company to bolster its marketing discussions and optimises the optionality of project financing structures under evaluation. The Company is at a pivotal time, shaping the industry towards transparency, whilst prioritising local community engagement and participation in Saskatchewan and Canada , and providing the globe with clean energy fuel. The transaction is also a significant endorsement of NexGen's approach, role and opportunity in the nuclear sector. Upon closing of the CDI offering and this strategic uranium purchase, the Company will hold cash and uranium worth over C$930 million and will significantly assist the Company in funding the anticipated capital needs to develop the Rook I Project."
In connection with the Debenture issuance, the Company will enter into an investor rights agreement with MMCap, containing voting alignment, standstill, and sale and transfer restriction covenants.
The Debentures will carry a 9.0% coupon (the "Interest") over a 5-year term. The Debentures will be convertible at the holder's option into Common Shares, at a conversion price (the "Conversion Price") per Common Share of US$10.73 ( C$14.70 per Common Share equivalent incorporating today's exchange rate) representing a 30% premium to the volume-weighted average trading price (the "VWAP") per Common Share on the Toronto Stock Exchange (the "TSX") for the 5-days ending on the day prior to the date of this announcement.
Two-thirds of the Interest (equal to 6% per annum) is payable in cash. One-third of the Interest (equal to 3% per annum) is payable in Common Shares issuable at a price equal to the 20-day VWAP on the New York Stock Exchange (the "NYSE") ending on, and including, the third trading day prior to the date such interest payment is due.
The Company will be entitled, on or after the third anniversary of the date of the issuance of the Debentures, at any time that the 20-day VWAP on the NYSE exceeds 130% of the Conversion Price, to redeem the Debentures at par plus accrued and unpaid Interest.
The Company agreed to issued to MMCap an aggregate of 909,090 Common Shares as an establishment fee in connection with the Debentures, representing 3% of the aggregate principal amount of the Debentures.
Closing of the Purchase is conditional upon the satisfaction of customary closing conditions prior to June 28, 2024 , including stock exchange approvals and third-party approvals required for the transfer of the U 3 O 8 and issuance of the Debentures and the completion of definitive documentation.
Farris LLP were legal advisors to NexGen and Wildeboer Dellelce LLP advised MMCap.
NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company ' s flagship Rook I Project is being optimally developed into the largest low cost producing uranium mine globally, incorporating the most elite standards in environmental and social governance. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines the elite environmental performance and industry leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally. The Project and prospective portfolio in northern Saskatchewan will provide generational long-term economic, environmental, and social benefits for Saskatchewan, Canada , and the world.
NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE" and on the Australian Securities Exchange under the ticker symbol "NXG" providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power. The Company is headquartered in Vancouver, British Columbia , with its primary operations office in Saskatoon , Saskatchewan.
View original content to download multimedia: https://www.prnewswire.com/news-releases/nexgen-announces-strategic-purchase-of-2-7-million-pounds-of-uranium-with-issuance-of-us250-million-convertible-debenture-302139631.html
SOURCE NexGen Energy Ltd.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/08/c3557.html
News Provided by Canada Newswire via QuoteMedia
Highlights
This outperformance is reflected in results of the uranium-rich Pregnant Leach Solution (PLS) from the wellfields, IX column resin loading and high grade IX column eluate.
The focus is now on optimisation of the ion exchange, elution and precipitation processes to achieve continuous operations.
Production update
Tenors from the individual wellfields into the PLS are averaging 80 - 100 mg/L. Honeymoon’s feasibility study assumed PLS grade of 47 mg/L based on results from the project’s previous operation.
The lixiviant chemistry, as proved during the field leach trial, is now demonstrating superior performance at commercial throughput rates. The increased leach efficiency leads to a more efficient loading on the ion exchange resin, effectively lowering operating costs as less reagents and power are required per drum of uranium.
A critical factor in resin performance is the actual loading of uranium from the PLS onto the ion exchange resin. Demonstrated loading rates of up to 36g/L are 33% higher than feasibility estimates. This means Honeymoon’s ion exchange circuit is currently making more uranium per cycle than designed. The cost of processing a cycle of ion exchange resin is fixed, which means that higher resin loading will drive a more efficient use of reagents.
Stripping of uranium from the loaded resin is virtually 100%, also demonstrating that the ion exchange process is working as designed, resulting in a high grade concentrated eluate greater than 7g/L.
First Sale of Product
Boss has sought from the outset to align its production strategy and timetable with the global uranium market, maximising its ability to capitalise on favourable supply and demand fundamentals.
As at 31 March 2024, Boss had ~$300m in liquid assets, no debt and diversity of supply with no jurisdictional risk. This strong balance sheet has provided Boss with flexibility to choose when it enters into contracts and to select pricing mechanisms which maximise our exposure to market upside while limiting risk in softer market conditions.
To date, Boss has entered into two binding sales agreement to sell 1.8Mlbs U308 to major European / US power utilities over eight years from 2024 to 2032. The Company intends to enter into further as the uranium price rises.
Boss’s contracting strategy is to monitor the markets and layer in contracts, predominantly market related, to optimise future pricing and, in the near term, to ensure profitability and cash flow as production ramps up. First delivery into these contracts is planned to occur in July 2024 with payment expected in that quarter.
Boss Managing Director Duncan Craib said: “We are very pleased with the commissioning progress to date. We are meeting or exceeding key feasibility study forecasts and the processing technology is performing as our extensive testwork showed it would.
“These early production results provide confidence that we are on-track to meet our ramp up targets. Ramp-up timing has been designed to align with a rising uranium market. We believe we will be hitting our straps as the uranium price rises in the near term”.
Click here for the full ASX Release
�Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to report that on May 3, 2024 Niger's Mines Minister, Commissaire Colonel Ousmane Abarchi joined local dignitaries, including the Agadez Region Governor and local community authorities as well as SOMIDA employees for a tour the Dasa Project. The visit was part of the Minister's tour of significant exploration and mining projects in the Agadez Region of northern Niger.
The high-level delegation visit included:
Global Atomic President and CEO, Stephen G. Roman commented, "We were honoured to host the Mines Minister and other dignitaries at our Dasa operation. The Minister expressed his continuing support for the Project and confirmed the Government's recognition of Dasa's strategic value and near-term economic benefit that will be realized in the form of local employment, taxes and royalties."
" Our relationship with Niger Government officials since field operations began in 2008 has always been positive. The Government continues to offer support in many ways including security in the region and assistance with expediting logistics to equip our mining team with supplies and consumables to maintain a high pace of mine development. The underground development has continued to progress on schedule. We value the Government's support as we enter this next significant stage to construct our processing plant."
During his tour of the Dasa Project Niger's Mines Minister, Commissaire Colonel Ousmane Abarchi , stated, " We came here, we visited the mine, and we launched the earth breaking operations for the mill construction. Dasa is a reality everyone can see. We thank you all. We are supportive of the SOMIDA team and Global Atomic. This project is very important for us; as a government and as a shareholder. We want Dasa to be the start of new Niger mining practice with expectations on State Income, Employment and Environment management."
Below are photos of the tour, which will be available with videos on the Company's website www.globalatomiccorp.com .
Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.
The Company's Uranium Division is currently developing the fully permitted, large, high grade Dasa Deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The "First Blast Ceremony" occurred on November 5, 2022 , and commissioning of the processing plant is scheduled for Q1, 2026. Global Atomic has also identified 3 additional uranium deposits in Niger that will be advanced with further assessment work.
Global Atomic's Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (BST) Joint Venture, which operates a modern zinc recycling plant, located in Iskenderun, Türkiye. The plant recovers zinc from Electric Arc Furnace Dust (EAFD) to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. (Befesa) holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe , Asia and the United States of America .
The information in this release may contain forward-looking information under applicable securities laws. Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomics' development potential and timetable of its operations, development and exploration assets; Global Atomics' ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "is expected", "estimates", variations of such words and phrases or statements that certain actions, events or results "could", "would", "might", "will be taken", "will begin", "will include", "are expected", "occur" or "be achieved". All information contained in this news release, other than statements of current or historical fact, is forward-looking information. Statements of forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents filed on SEDAR from time to time.
Forward-looking statements are based on the opinions and estimates of management at the date such statements are made. Although management of Global Atomic has attempted to identify important factors that could cause actual results to be materially different from those 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. Accordingly, readers should not place undue reliance upon forward-looking statements. Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities law. Readers should also review the risks and uncertainties sections of Global Atomics' annual and interim MD&As.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.
SOURCE Global Atomic Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/06/c2525.html
News Provided by Canada Newswire via QuoteMedia
Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Uranium, Battery and Precious Metals Virtual Investor Conference held April 30 th through May 2 nd are now available for online viewing.
REGISTER NOW AT : https://bit.ly/3xUGQVR
The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company's resource section.
Select companies are accepting 1x1 management meeting requests through May 7 th .
April 30 th
| Presentation | Ticker(s) |
| Bannerman Energy Ltd. | OTCQX: BNNLF | ASX: BMN |
| Global Atomic Corp. | OTCQX: GLATF | TSX: GLO |
| F3 Uranium Corp. | OTCQB: FUUFF | TSXV: FUU |
| Western Uranium & Vanadium Corp. | OTCQX: WSTRF | CSE: WUC |
| Myriad Uranium Corp. | OTCQB: MYRUF | CSE: M |
| C2C Metals Corp. | Pink: CTCGF | CSE: CTOC |
May 1 st
| Presentation | Ticker(s) |
| Novo Resources Corp. | OTCQX: NSRPF | TSX: NVO |
| CleanTech Lithium Plc | OTCQX: CTLHF | AIM: CTL |
| Outcrop Silver | OTCQX: OCGSF | TSXV: OCG |
| WallBridge Mining Company Ltd. | OTCQB: WLBMF | TSX: WM |
| Minera Alamos, Inc. | OTCQX: MAIFF | TSXV: MAI |
| Graphite One Inc. | OTCQX: GPHOF | TSXV: GPH |
| Spruce Ridge Resources Ltd | OTCQB: SRCGF | TSXV: SHL |
| AbraSilver Resource Corp. | OTCQX: ABBRF | TSXV: ABRA |
| White Gold Corp. | OTCQX: WHGOF | TSXV: WGO |
| O3 Mining Inc. | OTCQX: OIIIF | TSXV: OIII |
May 2 nd
| Presentation | Ticker(s) |
| Serabi Gold Plc | OTCQX: SRBIF | TSX: SBI |
| Silver Range Resources Ltd. | Pink: SLRRF | TSXV: SNG |
| Newcore Gold Ltd. | OTCQX: NCAUF | TSXV: NCAU |
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
About Virtual Investor Conferences ®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Media Contact:
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com
Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
News Provided by GlobeNewswire via QuoteMedia