Kiplin Metals Inc.

Kiplin Metals Announces Private Placement

 

(TheNewswire)

 
  
  Kiplin Metals Inc. 
 
 

July 4th, 2023 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") is pleased to announce that it will conduct a non-brokered private placement (the " Offering "), under the Listed Issuer Financing Exemption (as defined below), of up to 15,000,000 units of the Company (each, a " Unit ") at a price of $0.20 per Unit to raise gross proceeds of up to $3,000,000.  Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a " Warrant ").  Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.25 at any time on or before that date which is twelve months after the closing date of the Offering.

 

  The net proceeds raised from the Offering will be used to advance the upcoming exploration program on the Cluff Lake Road (CLR) Uranium Project, located in the Southwestern Athabasca basis of Northern Saskatchewan, and for general working capital purposes.  

 

  Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 –   Prospectus Exemptions   ("   NI 45-106   "), the Offering is being made to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI- 45-106 (the "   Listed Issuer Financing Exemption   ").  The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.  There is an offering document related to the Offering that can be accessed under the Company's profile at    www.sedar.com    and on the Company's website at:    www.kiplinmetals.com    .  Prospective investors should read this offering document before making an investment decision.  

 

  The Company may pay finders' fees to eligible parties who have assisted in introducing subscribers to the Offering.  Closing of the Offering remains subject to the approval of the TSX Venture Exchange.  

 

  About Kiplin Metals Inc.  

 

  Kiplin Metals Inc.   is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery all the way to production. This vertically integrated strategy allows Kiplin Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.  

 

  For further information, contact the Company at    info@kiplinmetals.com    or 604-622-1199, or visit the Company's website at    www.kiplinmetals.com    .  

 

  On behalf of the Board,  

 

  Kiplin Metals Inc.  

 

  "Peter Born"  

 

  Director  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

 

  This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on   reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.  

 

Copyright (c) 2023 TheNewswire - All rights reserved.

 

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Kiplin Metals Secures Exploration Permit for Cluff Lake Uranium Project

 

(TheNewswire)

 
  
  Kiplin Metals Inc. 
 
 

 

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Kiplin Metals Inc.

Kiplin Metals Provides Update on Private Placement

 

(TheNewswire)

 
  
  Kiplin Metals Inc. 
 
 

August 16th, 2023 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") is pleased to announce that it has elected to revise the terms of its ongoing non-brokered private placement (the " Offering ") being conducted under the Listed Issuer Financing Exemption (as defined below).  The Offering will now consist of up to 17,647,059 units of the Company (each, a " Unit ") at a price of $0.17 per Unit to raise gross proceeds of up to $3,000,000.  Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a " Warrant ").  Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.23 at any time on or before that date which is twelve months after the closing date of the Offering.

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Kiplin Metals Comments on Activity Surrounding the Cluff Lake Road Uranium Project, Saskatchewan

 

(TheNewswire)

 
  
  Kiplin Metals Inc. 
 
 

June 4, 2023 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") has observed a significant increase in activity surrounding its Cluff Lake Road (CLR) uranium project. Located in Saskatchewan, the project sits in a highly prospective area with neighboring companies Orano Canada, Cameco Corp., Stallion Discovery Corp., and Canalaska Uranium Ltd.

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Kiplin Metals Inc.

Kiplin Metals Comments on Fission 3.0 Activities Near Cluff Lake Road Uranium Project, Saskatchewan

 

(TheNewswire)

 
  
  Kiplin Metals Inc. 
 
 

December 15 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") comments on recent results announced by Fission 3.0 Corp. (" Fission ") on their Patterson Lake North (" PLN ") Project, immediately adjacent to the Company's Cluff Lake Road (" CLR ") Uranium Project, located in northwestern Saskatchewan.

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Kiplin Metals Inc.

Kiplin Metals Updates Exploration Activities on the Cluff Lake Road Uranium Project, Saskatchewan

 

(TheNewswire)

 
  
  Kiplin Metals Inc. 
 
 

November 22 nd 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") provides update on additional exploration activities completed on the Company's Cluff Lake Road (CLR Project) Uranium Project in northwestern Saskatchewan. The CLR Project covers ~531 hectares in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the Arrow and Tripe R Uranium deposits have been made. The CLR Project is completely surrounded by Fission 3.0 Corp's high profile Paterson Lake North (PLN) Project.

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Altech Batteries Ltd  Cerenergy Battery Project Funding Progressing Well

Altech Batteries Ltd Cerenergy Battery Project Funding Progressing Well

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce an update on funding of the CERENERGY(R) sodium-chloride solid-state battery project in Saxony, Germany.

DEBT PROCESS

As previously mentioned, Altech has engaged ten commercial banks and two venture debt funds in the first round of financing discussions, receiving largely positive initial feedback. Based on this feedback, the Company has selected a preferred financial institution- a European bank with a proven track record in providing debt funding for technology-driven projects, particularly those within the innovation sector.

Although the mandate has not yet been formally executed, Altech intends to make an official announcement once this step is complete.

Meanwhile, the bank's commercial and technical teams have been diligently conducting a comprehensive review of the Cerenergy projects and its technology. The technical due diligence process is critical for ensuring that the project meets the bank's financing and risk criteria. As part of this process the onsite Altech experts are in detailed discussions with the bank's representative. The banks have visited Dresden and the Fraunhofer testing facilities and visit Hermsdorf, Germany where the prototype production is located in the coming weeks, which will be a key step in concluding the technical evaluation.

In parallel with these efforts, Altech is progressing discussions for securing a federal government guarantee, which would further strengthen its ability to secure the necessary debt funding for the project. Officials from the Ministry of Finance have already been briefed on the initiative, and the due diligence process for the application is actively underway. This federal guarantee will serve as an underwriter and therewith derisk any debt funding for the project substantially.

EQUITY FUNDING

In parallel with ongoing debt financing efforts, the Group has engaged several equity advisers to assist in securing the equity component of the project's funding package. As part of this strategy, Altech plans to divest a minority interest in the project to one or two strategic investors. This partial divestment is intended to attract investors who can contribute not only capital, but also strategic value, aligning with the CERENERGY(R) project's long-term goals of growth and sustainability.

The Group on one hand is specifically targeting large utility companies, data centre operators, investment funds, and corporations that are deeply committed to the green energy transition and on the other hand industrial partners with access and know-how and resources relevant to Cerenergy battery production, implementation or market access. These potential partners are seen as ideal due to their strong alignment with the project's sustainable energy focus and their ability to provide significant financial support. Progress in equity discussions has been promising, with several Non-Disclosure Agreements (NDAs) signed, enabling deeper engagement with prospective investors. Additionally, draft term sheets have been circulated to interested parties, outlining the key terms and conditions for investment. These documents provide a foundation for negotiations and facilitate more detailed discussions around the equity stake and partnership structure.

The decision to divest part of the project is strategically aimed at easing the Company's financial burden while bringing in experienced partners who can contribute to the project's success. By securing both equity and debt financing, Altech aims to finalize the full funding package, ensuring the timely construction and commissioning of the CERENERGY(R) battery plant. Moving forward, the focus will be on advancing these discussions and converting interest into formal commitments, which are critical for the project's progression.

GRANT APPLICATIONS

Altech has been actively applying for various grants offered by the State of Saxony, Federal Government of Germany, and the European Union. The State of Saxony and Brandenburg, along with the European Union, offer substantial support for renewable energy projects, including grants aimed at converting lignite coal to renewable energy sources. These grants are part of broader efforts to transition regions dependent on fossil fuels toward sustainable energy solutions. Altech's site, located in these areas, stands to benefit from various funding programs designed to support clean energy projects, including EU grants for energy transformation and innovation. Altech has applied for several of these grants to advance its CERENERGY(R) project, securing essential financial backing for technology development, high-tech industries, expert employment and infrastructure upgrades.

OFFTAKE ARRANGEMENTS

Altech has secured three key Offtake Letters of Intent (LOIs) for 100% of its CERENERGY(R) production.

1. Zweckverband Industriepark Schwarze Pumpe (ZISP): An agreement was signed on 13 September 2024 for ZISP to purchase 30 MWh of energy storage capacity annually, consisting of 1MWh GridPacks, for the first five years of production. The purchase is contingent on performance tests and battery specifications meeting customer requirements.

2. Referenzkraftwerk Lausitz GmbH (RefLau): A second LOI was executed with RefLau, a joint venture between Enertrag SE and Energiequelle GmbH. RefLau will buy 30 MWh of CERENERGY(R) storage n the first year, increasing to 32 MWh annually for the next four years. Additionally, Altech will purchase green electricity for its planned production plant.

3. Axsol GmbH: A third LOI was signed with Axsol, a leading renewable energy solutions provider. Axsol will exclusively distribute CERENERGY(R) batteries to the Western defense industry, facilitating early market entry and sales. These agreements are crucial for financing and advancing the CERENERGY(R) project.

 

About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

 

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