Resource News

Northern Graphite Corporation (TSXV: NGC) (OTC Pink: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") announces that it has received a 30 day extension from the TSX Venture Exchange (the "TSXV") to close the final tranche of its private placement (the "Private Placement") being conducted in connection with the Company's previously announced acquisition of the producing Lac des Iles graphite mine in Quebec and the Okanjande graphite depositOkorusu processing plant in Namibia from subsidiaries of Imerys Group ("Imerys") for approximately US$40 million (the "Transaction"). The final date for acceptance by the TSXV of the Private Placement has been extended to April 4, 2022 in order for the Company to finalize documentation associated with the debenture, royalty and streaming financings with the Sprott Group. It is anticipated that the Transaction, the final tranche of the Private Placement and the debentureroyaltystream financings will close in mid-March, 2022.

As previously announced, the Company completed an initial closing of the Private Placement on February 10, 2022, in which it issued a total of 25,762,500 subscription receipts (the "Subscription Receipts") at a price of $0.75 each for gross proceeds of approximately $19.3 million, through a syndicate of agents led by Sprott Capital Partners LP and including Cormark Securities Inc., Canaccord Genuity Corp. and Tamesis Partners LLP.

Affiliates of the Sprott Group have indicated their intention to purchase the remaining 5,000,000 Subscription Receipts not issued in the initial closing for additional gross proceeds of $3.75 million in a follow-on closing of the Private Placement pending agreement on final documentation for the debenture, royalty and streaming financings. The net proceeds from the Private Placement will be used by the Company to partially fund the purchase price for the Transaction. In addition, US$3 million of the purchase price for the Transaction will be satisfied by issuing Units (as defined below) to Imerys on the same terms and conditions as those issuable on exercise of the Subscription Receipts.

Each Subscription Receipt shall be deemed to be automatically exercised, without payment of any additional consideration and without further action on the part of the holder thereof, into one unit of Northern (a "Unit") upon satisfaction of certain escrow release conditions related to the completion of the Transaction. Each Unit shall be comprised of one common share of Northern, and one-half of one share purchase warrant of Northern. Each whole warrant shall be exercisable to acquire one common share of the Company at a price of $1.10 per share for a period of 24 months from the date the escrow release conditions are satisfied.

The Private Placement remains subject to the final approval of the TSXV.

This press release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States. The securities being offered under the Private Placement have not been, and will not be registered, under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws of any state in the United States and accordingly may not be offered or sold within the United States or to any person in the United States or to U.S. persons unless registered under the 1933 Act and any applicable state securities laws, or exemption from such registration requirements is available.

About Northern Graphite
Northern Graphite is a Canadian company, listed on the TSX Venture Exchange and focused on becoming a world leading producer of natural graphite and upgraded, high value products critical to the green energy revolution including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies.

Completion of the Transaction will enable Northern to become the only North American and the world's third largest graphite producing company outside of China. Northern will also own two large scale development projects that have high quality flake graphite and are located close to infrastructure in politically stable jurisdictions. These projects will enable the Company to significantly expand production to meet rapidly growing demand from the EV/battery markets.

For additional information
Please visit the Company's website at http://www.northerngraphite.com/investors/presentation/, the Company's profile on www.sedar.com, contact Gregory Bowes, CEO (613) 241-9959 or visit our Social Channels.

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This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this release include statements regarding, among others: the Company's intention to complete an additional closing of the Private Placement and the timing thereof; the use of proceeds from the Private Placement; the Company's intention to complete the Transaction and the debenture/royalty/steam financings and the timing thereof; the Company's market position post-Transaction and the future demand for graphite. All such forward-looking statements are based on assumptions and analyses made by management based on their experience and perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. However, these statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Readers are cautioned not to place undue reliance on forward-looking information or statements.

Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

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.

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115374

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NGC:CA
Northern Lights

Northern Lights

Overview

Northern Lights Resources Corp. (CSE:NLR) is a growth-oriented exploration and development company with promising projects in Nevada and Arizona.

In Arizona, Northern Lights Resources owns 100 percent of the Secret Pass gold project. Secret Pass is located 15 kilometers north of the historic Oatman gold mining district in northwest Arizona that produced 2 million ounces of gold between 1892 and 1940 at an average gold grade of over 15 g/t.

Over the last several years, the area has been rediscovered with several gold exploration and production projects active. Producing gold projects in the area include the Northern Vertex Corp.’s (TSXV:NEE) Moss mine, which is an open-pit heap leach operation, as well as the Gold Roads underground mine operated by Aura Minerals (TSX:ORA).

The Tin Cup mine at Secret Pass operated from the early 1900s to approximately 1930.

Exploration drilling completed at Tin Cup from 1984 to 1991 by Santa Fe Gold and other companies intersected high-grade gold mineralization from near-surface to a depth of approximately 180 meters. The average depth of the 145 historic holes completed on the Secret Pass property was 95 meters. Assay results from the historic drilling at Tin Cup ranged up to 40 g/t Au.

Prior to ownership by Northern Lights, exploration on the Secret Pass Gold Project was limited to the Tin Cup and FM zones that represent only 10 percent of the total project area. Ninety percent of the claim area has never been explored by modern methods and technology. There are over 20 historic workings that have been identified on the Secret Pass claim area.

Exploration work completed by Northern Lights during 2020 has identified significant potential for high-grade gold mineralization at the Tin Cup and FM zones plus the newly identified Fiery Squid zone as well as 20 additional targets based on field work and aeromagnetic and IP geophysical survey results.

The Secret Pass Gold Project is a promising gold exploration property with no production royalty NSR allowing NLR shareholders potentially significant exploration upside.

Northern Lights Resources’ second strategic property is the Medicine Springs silver, lead and zinc project located in Elko County in North Eastern Nevada.

The Medicine Springs project comprises 149 unpatented Federal mineral claims covering 1,189 hectares located in the Ruby Mountains Valley just off the famous Carlin Trend. The Medicine Springs project has the potential to host a large scale high grade silver-zinc-lead Carbonate Replacement Deposit (CRD) deposit.

On October 5, 2020, Northern Lights announced a Option and Joint Venture Agreement with Reyna Silver Corp. (TSXV:RSLV) on the Medicine Springs silver project.

Under the terms of the Agreement, Reyna Silver can earn up to 80 percent equity in the Medicine Springs Project by completing minimum exploration expenditures of US$2.4 million plus other commitments and paying a cash payment of US$1 million to Northern Lights by no later than December 31, 2023. Northern Lights has a free carry (with no future repayment) until Reyna Silver has spent US$4 million on exploration on the project.

Dr. Peter Megaw, Technical Advisor to Reyna Silver, commented: “Medicine Springs ticks the most important boxes we look for in CRD exploration including location on a large regional structure that hosts significant CRDs, situated at the top or a thick section of potentially favorable carbonate host rocks and evidence of high silver grades. Some of the dump and rock chip samples run well over our 400 g/t (12 oz/t) silver threshold and it is quite likely that similar grades were diluted by the Reverse Circulation drilling used historically in the district. We will be drilling core to get a true picture of the clearly structurally-controlled mineralization as we trace it towards its source.”

Northern Lights Resources’ management team and insiders, currently own a 30 percent stake in the company. Led by an experienced board with strong capital markets and project development expertise. Northern Lights Resources is well financed, no debt and will shortly be drilling on both properties.

Company Highlights

  • Successfully closed a non-brokered private placement of $2.1 million in September 2020
  • Debt free with over $1.5 million of cash to progress exploration on Secret Pass
  • Both projects are situated in mining-friendly jurisdictions in the US.
  • Both projects are drill ready.
  • Signed Option/Joint Venture agreement with Reyna Silver to acquire up to 80 percent of the Medicine Springs property, allowing Northern Lights Resources to focus on Secret Pass and future possible property acquisitions
  • Potential for high-grade silver and large scale CRD silver zinc lead deposit at Medicine Springs.
  • Significant exploration upside potential with drilling to begin on Secret Pass
  • Strong, experienced management team and board.

Key Projects

Secret Pass Gold Project

In July 2019, Northern Lights Resources acquired the 868 hectare Secret Pass gold project in Mohave County, northwestern Arizona. The project is located 13 kilometers south of the Oatman-Katherine gold district. Established in 1863, the district is Arizona’s third-largest gold-producing area. It is reported that the region produced over two million ounces of gold and one million ounces of silver between 1870 and 1940 at an average grade of over 15 g/t Au.

Over the last several years the area has been rediscovered with several gold exploration and production projects active. Producing gold projects in the area include Northern Vertex Corp.’s Moss mine, which is an open-pit heap leach operation, as well as the Gold Roads underground mine operated by Aura Minerals.

Mining records indicate that there were over 20 historic mine workings on the property.

Exploration drilling completed at Tin Cup from 1984 to 1991 by Santa Fe Gold and other companies intersected high-grade gold mineralization from near-surface to a depth of approximately 180 meters. The average depth of the 145 historic holes completed on the Secret Pass property was 95 meters. Assay results from the historic drilling at Tin Cup ranged up to 40 g/t Au.

There was no exploration work completed on the property between 1991 and 2019 when Northern Lights purchased 100 percent interest in the Secret Pass Project.

During 2020, Northern Lights has completed significant geological fieldwork on Secret Pass including:

  • Airborne drone photogrammetry mapping survey (completed May/Sept 2020)
  • Airborne drone magnetic survey and interpretation (completed Sept 2020)
  • Geological mapping and stream sediment and panned concentrate sampling (Sept/October 2020)
  • Reinterpretation of historical IP survey data
  • A detailed review of historical geological work and GIS digitization and orientation of historic data

Exploration work completed by Northern Lights during 2020 has identified significant potential for high-grade gold mineralization at the Tin Cup and FM zones plus the newly identified Fiery Squid zone as well as 20 additional targets based on field work and aeromagnetic and IP geophysical survey results.

Work completed by Northern Lights indicates that historic drilling has only tested the upper part of the potential epithermal gold zone at the Tin Cup and FM prospects.

Secret Pass Geological Model

Northern Lights has announced an initial 1,600 metre drill program at Secret Pass to be completed in 2020.

Northern Lights Resources Medicine Springs project

Overview

Comprised of 149 unpatented mineral claims and totaling 1,206 hectares in Elko, Nevada, the Medicine Springs project is focused on targeting the property’s silver-lead-zinc deposits. Northern Lights Resources holds an option to acquire a 100 percent interest in the project over a six year term. Between 1910 and 1956, the project produced 160 tonnes of lead, 800 kilograms of zinc and 500 kilograms of silver from its mine shafts and shallow surface digging.

Exploration

Since acquiring the Medicine Springs Project in 2017, Northern Lights has completed exploration work including detailed geological mapping, rock sampling, an analysis of historic geophysical survey data (CSAMT and IP), a review of historic exploration drilling, an aeromagnetic survey and an Ionic Leach soil geochemistry survey.

The historic 125 shallow Reverse Circulation drill holes on the Medicine Springs Project encountered partially oxidized silver-zinc-lead mineralization at depths of up to 180 meters intersecting silver grades of up to 225 g/t. An extensive rock sampling program was completed in 2018 with a total of 66 samples collected in conjunction with surface mapping. Of the 66 samples collected, 27 samples assayed greater than 20 g/t silver and there were 17 samples with silver assays exceeding 100 g/t and a maximum value of 559 g/t. The Ionic Leach soil geochemistry survey completed in 2019 defined a strong coherent NE trending silver-zinc-lead anomaly which measures more than 2,000 meters in length and ranges up to 500 meters in width.

The results of the exploration work completed by Northern Lights at the Medicine Springs Project highlight the potential for significant silver-zinc-lead mineralization including the potential for high-grade CRD style mineralization.

On October 5, 2020 Northern Lights announced an Option and Joint Venture Agreement with Reyna Silver Corp.

Under the terms of the Agreement, Reyna Silver can earn up to 80 percent equity in the Medicine Springs Project by completing minimum exploration expenditures of US$2.4 million plus other commitments and paying a cash payment of US$1 million to Northern Lights by no later than December 31, 2023. Northern Lights has a free carry (with no future repayment) until Reyna Silver as spent US$4 million on exploration on the project.

Northern Lights has an initial approved exploration drill program of approximately 4,900 meters in place for the Medicine Springs Project. Reyna Silver intends to start work on the property immediately with a focus on evaluation and the start of exploration core drilling.

Dr. Peter Megaw, Technical Advisor to Reyna Silver, commented, “Medicine Springs ticks the most important boxes we look for in CRD exploration including location on a large regional structure that hosts significant CRDs, situated at the top or a thick section of potentially favorable carbonate host rocks and evidence of high silver grades. Some of the dump and rock chip samples run well over our 400 g/t (12 oz/t) silver threshold and it is quite likely that similar grades were diluted by the Reverse Circulation drilling used historically in the district. We will be drilling core to get a true picture of the clearly structurally-controlled mineralization as we trace it towards its source.”

“The geological and geochemical characteristics of the Medicine Springs mineralization strongly suggest a distal carbonate replacement setting related to a concealed molybdenum porphyry system. The geochemical signature and style of mineralization observed at Medicine is similar to other carbonate-hosted, silver-rich base metal veins, CRD and skarns deposits developed peripheral or above copper-molybdenum porphyry stocks,” said Northern Lights Resources Head Geologist Gary Artmont.

Medicine Springs CRD Geological Model

In 2019, soil geochemistry survey and rock sampling identified a large silver zinc lead anomaly in a previously unexplored area of the Medicine Springs claims. The prospective zone of mineralization is up to 1,800 meters in length and up to 550 meters wide. Surface samples showed silver grades of over 400 g/t in multiple samples. This area will be tested by a drill program in 2020/21.

Medicine Springs Project – Rock Assays / Ionic Leach Ag-Zn-Pb Soil Anomaly

Management Team

Albert (Rick) Timcke — Executive Chairman, President and Director

Rick Timcke is a Vancouver-based entrepreneur and financier who has been involved in public equity market roles for more than 30 years. He specializes in the marketing, funding, restructuring and formation of Canadian-based resource issuers listed on both Canadian and US exchanges. Over his career, he has held senior roles in listed public companies ranging from Investor Relations to being an Officer and Director. Previously held positions include: CEO of Northern Lights Resources Corp., Director of LiCo Energy Corp., Investor Relations of Nevada Energy Metals Inc., Corporate Development and Investor Relations of Auracle Resources Ltd., President, CEO and Director of Tajiri Resources.

Jason Bahnsen — CEO and Director

Mr. Bahnsen is a Canadian mining engineer with over 30 years of experience in natural resources finance and operations. Jason’s career has spanned a broad range of roles in the resources industry. He began his career in mine development, working for underground mine contracting companies in Canada, Indonesia and Australia. He has held production roles at several gold and base metal mine operations in capacities as mine planning engineer, project engineer and shift boss. Following several years working with Rio Tinto in Australia where Jason was involved in mine feasibility study work and business development roles, he moved into investment banking. Jason spent approximately 10 years working as a resource banker working with firms including Deutsche Bank, Macquarie Bank and Fox Davies Capital on major international resource acquisition and equity market transactions. Following a successful career in banking, Jason became involved in resource company development and has held CEO roles for several private and listed resource exploration and development companies. Mr. Bahnsen holds a B.Sc. in Mining Engineering from the Queen’s University in Kingston and an MBA from University of New England, Australia.

Mr. Richard A. Kelertas, BscF. MscF. — Independent Director

For over 35 years, Mr. Kelertas has held various positions in corporate Canada, encompassing sales, marketing, corporate development, corporate banking and equity capital markets. For 25 years, he has been a top ranked Equity Analyst and worked for firms including Dundee Canada, Scotia McLeod, National Bank of Canada, and Mercantile Bank of Canada. Mr. Kelertas was recently Manager – Special Projects (Pulp & Paper) at Resolute Forest Products Ltd., and before that served as Senior Vice President of Corporate Development At Allana Potash Corp. from May 1, 2012 to July 28, 2015. Ear;y in his career Richard worked in the resources division of Noranda Inc and held various sales, marketing and corporate development positions. He has served as a Director of Strata Minerals Inc. From July 24, 2012 to April 01, 2016 and was CEO of Celeste Mining Corp. from March 2013 until November, 2015.

Gordon Tainton — Independent Director

Mr. Tainton has over 27 years of experience at senior management levels in various sectors of the commodity trading and distribution. Within management teams, he has financed and developed port/terminal projects for bulk liquid and solid products in the Americas, Asia and Oceania. He spent eight years with Sumitomo Corp. of Tokyo sourcing, purchasing and delivering key industrial mineral commodities. Since 2010 Mr. Tainton has held various executive and non-executive Board positions in both public and private companies.

Graham Keevil — Non-Executive Director

Graham Keevil brings 13 years of public company experience; specifically in the funding and management of Publicly Traded Resources Issues. Graham has worked with Teck Resources, Selkirk Metals, Pure Diamonds, Cross Lake Minerals, and a variety of other public ventures. Graham has been President of Tajiri Resources since July 2013.

Leon Ho, CPA — CFO

Leon Ho is a chartered professional accountant working at Cross Davis & Company LLP, a chartered professional accountant firm providing accounting services to publicly-listed entities, primarily in the mining sector. He works directly with mining CEOs and directors assisting with their regulatory and accounting needs.

Northern Lights Resources’ Geological Team

Northern Lights has a strong experienced in-house geological team with many years of experience in exploration globally. The company employs advanced geological exploration and geophysics to do fundamental exploration work on its projects. Critical time is spent completing background geological work including mapping, sampling, aeromagnetic, IP geophysics, ionic leaching soil geochemistry, spectral analysis and GIS geological modelling to get an understanding of the geological systems for each project prior to drilling. The team is led by Gary Artmont one of the foremost epithermal and porphyry exploration geologists globally. Northern Lights has in-house GIS expertise that allows the company to utilize 3D modeling of all historic information together with new geological information to get a clear picture of the structure and potential of each deposit.

Gary Artmont — Head Geologist

Gary Artmont is a senior exploration geologist with over 40 years of international experience in regions including Canada, USA, Mexico, South America, Indonesia, Africa, Russia, China and Mongolia. He is a fellow member of AUSIMM and qualified to write NI 43-101 or JORC Competent Person reports. His exploration background extends from grassroots to project pre-feasibility studies. His working experience related to a wide variety of mineral settings that include precious metals, ferrous and non-ferrous metals, industrial and energy commodities. He has held senior positions with Rio Tinto, Kennecott Australia, Freeport McMoran Indonesia, Union Carbide, Norilsk Nickel and Ivanhoe Mining. From 1989 to 1995, he served as the chief exploration geologist for Freeport responsible for conducting exploration over a 57,000 square kilometer contract of work surrounding the world-class Grasberg deposit.

Mr. Paul Q Warren — Project Geologist

Paul is a highly experienced and certified Professional Geologist with over 25 years of experience in exploration, geotechnical, structural geology and mine operations based in Tucson, Arizona. From 1995 to 2017, Paul worked for PT Freeport McMoran at the company’s copper and gold mine in Irian Jaya, Indonesia (one of the largest copper-gold mines in the world). Paul held a range of operating and management positions at Freeport including Exploration Geologist, in which he conducted helicopter assisted exploration in remote locations, as well as General Superintendent roles leading and training Freeport geological teams in resource, geology and hydrology modelling. Paul is an expert at computer based modeling and early stage exploration of Cu-Au porphyry skarn deposits. Paul holds a Master of Arts in Geology and a Bachelor of Science Geology from University of Texas.

Mr. William (Bill) Tafuri — Geological Consultant

Bill oversees Northern Lights exploration at Medicine Springs. Bill has over 40 years of experience working on a wide range of gold and base metals exploration and development projects throughout USA, Indonesia, Kyrgyzstan, Kazakhstan and Russia. Bill’s experience includes senior roles with: Getty Mining Company, at which he managed exploration and project evaluation for porphyry copper as well as gold projects; Senior Geologist at Santa Fe Gold and subsequently Newmont Gold; Phelps Dodge where he directed and lead local geological teams in Kazakhstan and evaluated gold and polymetallic deposits; and Chief Geologist for Kinross Gold, where he was responsible for all exploration projects in the Western Hemisphere. Bill holds a Ph.D. in Geology from the University of Utah and a Masters in Geology and a Bachelor of Science in Geology from the University of Nevada. Bill is based in Park City, Utah.

Northern Graphite Clarifies Disclosure on South Okak Exploration Results

Northern Graphite Clarifies Disclosure on South Okak Exploration Results

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: ONG) (the "Company" or "Northern"), at the request of IIROC, is re-issuing exploration results from its Press Release of April 4, 2022 to provide additional information on QAQC, the analytical laboratory and analytical techniques and the Qualified Person and contact person. The results of the program are unchanged.

A majority of the samples were taken from numerous gossans located on structures which cross-cut the main NW trending suture that traverses through the area and also hosts the Voisey's Bay deposits. Some of these gossans are over 2km in length and represent multiple exploration targets. One sample returned 1.1% Cu, 0.85% Ni and 0.13% Co and another 1.1% Cu, 0.43% Ni and .085% Co. As per the table below, a number of samples also exceeded 1.0% Ni equivalent. These are significant values given they were collected from highly weathered gossanous material.

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Northern Graphite Reports Nickel/Copper/Cobalt Assays from South Okak Project

Northern Graphite Reports Nickel/Copper/Cobalt Assays from South Okak Project

Provides Update on Imerys Transaction and Financing Extension

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: ONG) (XSTU: ONG) (the "Company" or "Northern") is pleased to provide assay results from its 2021 field season on the South Okak nickelcoppercobalt property in Labrador. Rock samples were collected throughout the property, including 15 samples from historical drill core, and over 40 kilometers of high-resolution magnetometer data was acquired over two high priority target areas as part of the program.

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Northern Graphite Well Positioned to Benefit From New Critical Minerals Developments in Ontario

Northern Graphite Well Positioned to Benefit From New Critical Minerals Developments in Ontario

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: ONG) (XSTU:ONG) (the "Company" or "Northern") is pleased to provide shareholders and investors with a summary and analysis of a number of important developments with respect to the critical minerals industry in the Province of Ontario. The Company believes that its Bissett Creek graphite deposit is the most advanced critical minerals development project in Ontario and accordingly, that it is well positioned to benefit. Graphite is the largest component in a lithium ion battery ("LiB") and supply is currently dominated by China.

In mid March, the Ontario government announced the launch of a Critical Minerals Strategy, setting a five year roadmap to establish the province as a reliable global supplier of responsibly sourced critical minerals. The six pillars of the strategy include "growing domestic processing and creating resilient local supply chains" as well as "investing in critical minerals innovation, research and development." This strategy seeks to leverage Ontario's wealth of raw materials, close proximity to manufacturing plants and markets, and green hydroelectric power to facilitate the production of products with high ESG standards and low carbon footprints. These competitive advantages will enable the province to play a significant role in the development of a North American supply chain that isn't dependant on raw materials from China.

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Northern Graphite Plans to Further Reduce Carbon Footprint of Bissett Creek Project

Northern Graphite Plans to Further Reduce Carbon Footprint of Bissett Creek Project

Northern Graphite Corporation (TSXV: NGC) (OTC Pink: NGPHF) (FSE: ONG) (XSTU: ONG) (the "Company" or "Northern") is pleased to announce that Minviro Ltd. ("Minviro") has updated its Life Cycle Assessment ("LCA") on the production of graphite concentrate from the Bissett Creek deposit to include the benefits of an electric mining fleet. Minviro has estimated that by using electricity from the Ontario grid to power both the mining fleet (rather than diesel) and the processing plant (instead of using natural gas), the Global Warming Potential ("GWP") of the Bissett Creek project could be reduced by approximately 80 per cent, from 2.2 kilograms ("kg") of CO2 eq. per kg of graphite produced to 0.45 kg of CO2 eq. Minviro's report is publicly available here.

Northern commissioned Minviro's report to help guide the Company in developing a carbon neutral project. Additionally, Minviro benchmarked the potential carbon footprint of Bissett Creek against the production of Chinese natural and synthetic graphite and their upgrade into battery anode material ("BAM").

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ELECTRIC ROYALTIES PROVIDES DEVELOPMENT UPDATE ACROSS 50% OF ROYALTY PORTFOLIO

ELECTRIC ROYALTIES PROVIDES DEVELOPMENT UPDATE ACROSS 50% OF ROYALTY PORTFOLIO

 Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF) ("Electric Royalties" or the "Company") is pleased to announce an asset update on its current royalty portfolio.

Electric Royalties Ltd. Logo (CNW Group/Electric Royalties Ltd.)

Brendan Yurik , CEO of Electric Royalties , says, "It's exciting to provide the first update of 2022 with active developments taking place at projects across many of the assets in our royalty portfolio. Drilling is underway on our Cancet, Seymour Lake and Chubb lithium assets. Excellent final metallurgical results have been received for the Battery Hill manganese royalty, and we are very keen to see the results of the upcoming PEA, as we believe this may be a very significant royalty for Electric Royalties.

Our expectation is that progress on plans for production with more detailed timelines for Authier and Graphmada will be forthcoming in the near future. The owner of Authier has recently completed the acquisition of North American Lithium ("NAL") and plans to release a study on restarting this historical producer with Authier forming an integral part of production.

At Graphmada, a graphite mine that was in continuous production for 20 months prior to being placed on care and maintenance with the outbreak of Covid-19, recently finished graphite concentrate testing suggests successful product upgrading. Exploration work completed during the past year indicates a renewed focus and intention to bring the mine back into production. Moreover, clean energy metal prices have jumped significantly over the past year and we expect that trend to continue as additional countries commit to net zero policies.  With all of the capital being invested in our assets this year and metal prices as they are, we believe that it should be an eventful year in terms of progress. "

Recent highlights include:

  • Authier Lithium Royalty – Emerging lithium producer Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) has further enhanced its leading position in North America's lithium sector following new Mineral Resource estimates for its flagship North American Lithium and Authier Lithium Projects in Québec, Canada. The new resource base of the combined deposits should have a positive effect on the contemplated NAL-Authier lithium operation. The restart of NAL and its integration with the Authier deposit is currently the subject of a feasibility study which is expected in the coming weeks (see Sayona Mining's news release dated March 1, 2022 ).
  • Cancet Lithium Royalty – 2,000-m drilling campaign to commence at the Cancet Project, Quebec , with SGS Geological Services ("SGS") appointed for data review, exploration work and metallurgical test work. Test work at the Cancet Project will build on knowledge gained in previous metallurgical test work and will involve heavy liquid separation, magnetic separation and flotation batch tests (see Winsome Resources [ASX: WR1] news releases dated December 14 and February 14, 2022 ).
  • Seymour Lake Lithium Royalty – 3,500-meter drilling campaign commenced at the Seymour Lake Project in Ontario in December 2021 . Assay results from the first hole returned a thick and continuous intercept of 40 m @ 1.54% Li20 (see Green Technology Metals [ASX: GT1] news release dated January 31, 2022 ).
  • Chubb Lithium Royalty – Expanded Phase 2 drilling program from 5,000 m to 10,000 m of diamond drilling is planned at the Chubb Project site in Quebec to follow up a successful Spring 2021 Phase 1 drilling program. All drilling permits have been obtained and the Phase 2 Winter 2022 drilling campaign has already commenced (see Newfoundland Discovery Corp's [CSE: NEWD] news release dated January 10, 2022 ).
  • Battery Hill Manganese Royalty – Successful completion of a planned third and final processing metallurgical phase to support a Preliminary Economic Assessment of the Battery Hill Project in New Brunswick . The results of this phase suggest a novel and innovative purification process can be used to produce high purity manganese sulphate monohydrate (HPMSM). Overall manganese recoveries as high as 80% were confirmed through locked-cycle mass balance calculations on the complete process flowsheet. Impurities were minimized to below 100 ppm, including that of calcium and magnesium, which is a crucial threshold level for battery grade HPMSM (see Manganese X Energy's [TSXV: MN] news release dated February 1, 2022 ).
  • Millennium Copper-Cobalt Royalty – Formal earn-in and joint venture agreement with MBK Millennium Pty Ltd., a wholly owned subsidiary of Metal Bank Limited ("MBKM") where MBKM can earn-in up to an 80% interest in the Millennium Copper, Cobalt and Gold Project in Mount Isa, Queensland . In conjunction with significant increases in copper and cobalt prices since the maiden resource was reported, results from exploration success supports an increased exploration target for the Project. MBKM has developed a $1 million three-phase work program including up to 5,500 m of drilling for 2022 to test key outcomes to confirm the exploration target and Resource expansion and development program. MBKM is currently assessing drilling tenders for commencement of phase 1 after the end of the wet season in March 2022 (see Global Energy Metals' [TSXV: GEMC] [OTC: GBLEF] news release dated December 13, 2021 ).
  • Bissett Creek Graphite Royalty – Minviro Ltd. ("Minviro") has completed an ISO-compliant Life Cycle Assessment on the production of graphite concentrate and lithium-ion battery anode material on the Bissett Creek deposit in central Ontario and benchmarked it against the production of Chinese natural and synthetic graphite and its upgrade into battery anode material. The results of the study show Bissett would not only have a much lower carbon footprint but also have a clear path to carbon neutrality. The study is expected to be made public in the coming weeks.
    A 2013 PEA proposed a two phase plan, with the construction of a graphite mine producing 20-25,000 tonnes per year of concentrate and potential for later expansion as measured and indicated resources are large enough to support a higher production rate. Northern Graphite Corp. is currently re-evaluating its development plans in light of the substantial growth in EV/battery markets. The results of this process are expected to be announced in the coming months (see Northern Graphite Corp.'s [TSXV: NGC] news release dated February 14, 2022 ).
  • Graphmada Graphite Royalty – The program of research and development of specialty carbon products has achieved its first milestone – the environmentally friendly production of high quality graphene from Graphmada graphite concentrates. Research into the characterization of large flake graphite concentrates produced from the Graphmada Mining Complex in Madagascar have demonstrated excellent qualities of low impurities, low defects and low oxidation. Exfoliation of these high quality large-flake graphite concentrates has also produced environmentally friendly graphene with excellent qualities (see Greenwing Resources Ltd.'s [ASX: GW1] news release dated December 22, 2021 ).
  • Mont Sorcier Vanadium Royalty – Assay results for an additional 12 holes from the 2021 infill drill program at the Mont Sorcier iron and vanadium project, at Chibougamau, Quebec . As previously reported, the program consisted of 42 holes comprising 15,178 m of drilling, with all drill holes completed in the North Zone in order to upgrade the resource category to support completion of a feasibility study planned to be undertaken in 2022 (see Voyager Metals Inc.'s [TSXV: VONE] news release dated February 23, 2022 ).

David Gaunt , P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

On Behalf of the Board of Directors,
Brendan Yurik
CEO

About Electric Royalties Ltd .

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc & copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to feed the electric revolution.

Electric Royalties has a growing portfolio of 18 royalties, including one royalty that currently generates revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades towards a decarbonized global economy.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com and at otcmarkets.com.

SOURCE Electric Royalties Ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2022/02/c9470.html

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Mason Graphite Files Management Information Circular for Special Shareholders' Meeting

  • Special Meeting called to consider and vote on the Proposed JV Transaction with Nouveau Monde Graphite
  • Shareholders also to consider and vote on a proposed change of business of Mason Graphite from a "Tier 2 mining issuer" to a "Tier 2 investment issuer"
  • Board recommends that shareholders vote FOR the Proposed JV Transaction with Nouveau Monde Graphite and the Proposed Change of Business

Mason Graphite Inc. (" Mason Graphite " or the " Company ") (TSX-V: LLG) (OTCQX: MGPHF) today announced that it has filed and is in the process of mailing the management information circular (the " Circular ") and related materials for the special meeting (the " Special Meeting ") of shareholders of Mason Graphite (" Shareholders ") called for the following purposes:

(i) to consider and, if deemed advisable, to pass an ordinary resolution (the " JV Resolution ") approving, among other things, the entering into of an option and joint venture agreement with Nouveau Monde Graphite Inc. (" Nouveau Monde ") (NYSE: NMG) (TSX-V: NOU), pursuant to which (A) Mason Graphite will grant to Nouveau Monde a sole, exclusive, irrevocable and non-assignable option to acquire a fifty-one percent (51%) undivided co-ownership interest in the Lac Guéret property owned by the Company (the " Lac Guéret Property ") and other related assets (the " Option ") and, (B) upon the exercise of such Option by Nouveau Monde, form of a joint venture with Nouveau Monde to undertake exploration, development and mining activities at the Lac Guéret Property (the " Joint Venture ") (the granting of the Option and the formation of the Joint Venture being hereinafter referred to as the " Proposed JV Transaction ") pursuant to Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets of the TSX Venture Exchange (the " TSX-V ");

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South Star Battery Metals Announces Closing of Non-Brokered Private Placement

South Star Battery Metals Announces Closing of Non-Brokered Private Placement

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has completed a non-brokered private placement of units (the "Private Placement" or the "Offering") for total proceeds of C$1,906,990. The majority of participation in the Private Placement was with key institutional investors and insiders. Net proceeds from the Private Placement will be used for advanced materials sample preparation, commercial agreements, project finance and general working capital requirements for the Company.

The Private Placement consists of 3,467,254 units priced at post-consolidation price of C$0.55 per unit (the "Units"). Each Unit consists of one (1) common share and one (1) common share purchase warrant (the "Warrants"). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of C$1.25 per common share for a period of five years from the date of issue. The securities are subject to a four-month hold period from the date of closing and approval by the TSXV, expiring October 24, 2022.The Company issued an aggregate of 1,636 finders' warrants in connection with the Private Placement (equal to 6% of the number of Units sold to subscribers introduced to the Company by the finders) and $54,300 in cash finders' fees were paid to certain finders (equal to 6% of the gross proceeds of the offering sold to subscribers introduced to the Company by the finders).

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Battery Mineral Resources Announces Annual General and Special Meeting of Shareholders

Battery Mineral Resources Announces Annual General and Special Meeting of Shareholders

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that its Annual General and Special Meeting ("AGM") will be held virtually on June 28th, 2022, at 4:00 p.m. EDT 1:00 p.m. PST.

Shareholders of record as of May 24th, 2022, are entitled to vote their common shares of the Company ("Common Shares") at the AGM. The Company encourages its shareholders to vote in advance of the AGM using the Voting Instruction Form or the Form of Proxy that were mailed to them with the meeting materials. Shareholders are reminded that proxies must be received by 4:00 p.m. EDT / 1:00 p.m. PST on June 24th, 2022. Copies of the meeting materials are available under Battery's SEDAR profile at www.sedar.com.

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Altech Chemicals Ltd Silumina Anodes Pilot Plant Construction Contract Executed

Perth, Australia (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that following a site visit this week by Altech's senior management in Saxony, Germany, a final construction contract for the Silumina AnodesTM pilot plant with Kuttner GmbH & Co. KG (Kuttner) was executed.

Highlights

- Silumina AnodesTM pilot plant construction contract executed with Kuttner GmbH & Co

- Final plant engineering design and cost estimation completed

- Strong experience in delivering metallurgical plant projects

- Long lead items procurement has already commenced

German engineering firm Kuttner has completed the final plant engineering design and cost estimation.

The Basic Engineering phase has confirmed key design parameters, locking in key equipment capacities and validating operational criteria. Kuttner will immediately commence the procurement process, and construction of the pilot plant will follow when equipment begins arriving towards the back end of this year.

The pilot plant is designed to produce 120kg per day of Silumina AnodesTM coated battery anode material, which will be made available to selected European battery manufacturers and auto-makers. The pilot plant will be established in Dock3 (leased warehouse space), next door to Altech's land in Schwarze Pumpe Industrial Park in Saxony, Germany.

Altech, with its cash position at the end of March 2022 of A$11.571 million, is well funded to construct and complete the pilot plant. The pilot plant is estimated to cost A$7.177 million, of which A$5.382 million will be funded by Altech (75% owner) and A$1.794 million will be funded by Altech Advanced Materials AG (25% owner).

Kuttner is a German-based industrial plant engineering and EPC contractor, with strong experience in design, procurement, project and construction management and plant commissioning across a range of industries. They have previously completed metallurgical plant, water and off-gas treatment projects in Germany. Kuttner bringing valuable local knowledge to the execution of the project.



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.



Source:
Altech Chemicals Ltd

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South Star Battery Metals Announces Effective Date of Consolidation

South Star Battery Metals Announces Effective Date of Consolidation

South Star Battery Metals Corp. (" South Star " or the " Company ") (TSXV: STS) (OTCQB: STSBF) announces that it is proceeding with its previously announced share consolidation on the basis of five (5) pre-consolidation common shares for one (1) new post-consolidation common share (the " Consolidation "). Effective at market open on Wednesday, June 22, 2022, the Company's common shares will commence trading on a post-consolidation basis. The Company's name and trading symbol will remain unchanged.

The Consolidation will reduce the number of common shares issued and outstanding from 102,533,520 to approximately 20,506,704 common shares after rounding adjustments. No fractional common shares will be issued as a result of the Consolidation. All fractional shares resulting from the Consolidation will be rounded down to the nearest whole number and the fractional share will be cancelled.

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South Star Battery Metals Announces Repricing of Non-Brokered Private Placement

South Star Battery Metals Announces Repricing of Non-Brokered Private Placement

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is announcing that it is repricing the previously announced (May 19, 2022) non-brokered private placement of units (the "Private Placement" or the "Offering") to raise approximately C$2,000,000 in order to better reflect the current market conditions for common shares of the Company. On a pre-consolidation basis, the Offering will be repriced from C$0.15 per unit (the "Units") to C$0.11 per unit and consist of approximately 18,181,818 Units. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of C$0.25 per common share for a period of five years from the date of issue.

All other terms and conditions of the Offering remain unchanged. The closing of the Offering is subject to customary conditions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV"). The Company may pay finders' fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The securities will be subject to a four-month hold period from the date of closing. The Private Placement is subject to a 25% over-allotment option and to an acceleration clause. See below for further details.

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