Proton Green, A Strategic Investment of VVC, Enters into Definitive Share Exchange Agreement to Form Premier Publicly Traded Helium and Beverage Grade CO2 Supplier

Proton Green, A Strategic Investment of VVC, Enters into Definitive Share Exchange Agreement to Form Premier Publicly Traded Helium and Beverage Grade CO2 Supplier

VVC Exploration Corporation, dba VVC Resources, ("VVC" or the "Company"), (TSX-V:VVC and OTCQB:VVCVF) a major investor in Proton Green, LLC ("Proton Green"), is thrilled to announce that Proton Green has signed a definitive share exchange agreement with Cyber App Solutions (Ticker: CYRB). The agreement signifies a significant milestone for Proton Green, establishing it as a leading publicly traded supplier of helium and beverage grade CO 2 in North America.

Under the terms of the all-stock transaction, Cyber App Solutions Corp. will acquire Proton Green, with Proton Green shareholders set to own approximately 94.4% of the combined entity. The current Proton Green management team and Board of Directors will lead the new organization. This strategic move paves the way for a name change to Proton Green, Inc., and a planned ticker change to "PGRN," a symbol that has already been reserved with Nasdaq. Subsequently, Proton Green anticipates a Nasdaq uplisting in the second half of 2023, further solidifying its position in the public markets.

The combined company is poised to become a leader in sustainable helium and beverage grade CO 2 production, capitalizing on its exclusive resource rights to the vast 170,500-acre St. Johns field in Arizona. Recognized as one of the largest helium, CO 2 , and carbon storage reservoirs in North America, the St. Johns field contains an estimated 33 billion cubic feet of helium and 9 trillion cubic feet of CO2 in accessible reservoirs. A notable advantage is that both the helium and CO 2 extracted from the St. Johns field are entirely hydrocarbon-free.

Steve Looper, Chief Executive Officer of Proton Green, expressed his enthusiasm about Proton Green's market entry: "We are pleased to enter the public markets through this share exchange agreement, providing the capital markets community with a compelling Helium and CO 2 pure-play opportunity. As it stands today with Phase I of Helium production underway, we are now a top 10 Helium producer in North America – with a clear line of sight to becoming the second largest as we scale production in the coming quarters – leveraging fixed-price offtake agreements with two multi-national industrial gas distribution and marketing companies.

"Looking ahead, our vision for Proton Green is clear. We will seek to rapidly scale our helium production, begin beverage grade CO 2 production, and set new sustainability benchmarks for the industry with our hydrocarbon-free gases. I firmly believe that we can scale Helium production revenue from hundreds of thousands to millions of dollars per month by year-end. We're set to transform the industry while concurrently driving sustainable value for both our shareholders and their communities," concluded Looper.

As an investor in Proton Green, VVC Resources stands firmly behind the company's vision and recognizes the strategic significance of this share exchange agreement. The move positions Proton Green to capitalize on the growing demand for sustainable helium and beverage grade CO 2 , paving the way for a prosperous future as a leading supplier in the North American market as well as the potential for Carbon Storage.

"We are thrilled to witness the union of Proton Green and Cyber App Solutions Corp, which marks a defining moment in the sustainable energy sector. As a committed investor in Proton Green, we are confident that this strategic amalgamation will position the combined entity as a dominant player in the North American market for helium and beverage grade CO 2 . This milestone not only represents a tremendous growth opportunity for the company but also reinforces our dedication to fostering a greener and more sustainable future. We congratulate Steve Looper and his team on this significant milestone," said VVC CEO, Jim Culver.

About VVC Resources
VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC) and on the OTC Market (OTCQB:VVCVF). To learn more, visit our website at: www.vvcresources.com .

About Proton Green, LLC
Proton Green LLC is a leading operator of one of the largest Helium and beverage grade CO 2 hubs in North America. The Company maintains exclusive production rights to St. Johns Field, a 170,500 acre property in Arizona with a 33 billion cubic feet helium reservoir, 9 trillion cubic feet CO 2 reservoir and a basin with the potential to store 1 billion metric tons of CO 2 . The Company is currently a top 10 producer of Helium in North America – a high-demand gas in both consumer and critical technology applications – leveraging strategic offtake partners with fixed-price agreements to drive a predictable revenue stream. Notably, both Helium and CO 2 produced at St. John's Field contain no hydrocarbon component. To learn more, please visit our website .

On behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer
For further information, please contact:
Patrick Fernet - (514) 631-2727 or Trevor Burbank - (214) 641-1041
E-mail: pfernet@vvcexploration.com E-mail: trevor@vvcexpl.com

Neither 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.

2369 Kingston Road, PO Box 28059 Terry Town, Scarborough, ON M1N 4E7 – Tel: 416-619-5304

FORWARD-LOOKING STATEMENTS:
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee", "strategy", "success" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others: leading publicly traded of helium and beverage grade CO 2 supplier; become a leader in sustainable helium and beverage grade CO 2 production, capitalizing on its exclusive resource rights; with a clear line of sight to becoming the second largest as we scale production in the coming quarters; seek to rapidly scale our helium production, begin beverage grade CO 2 production, and set new sustainability benchmarks for the industry; believe that we can scale Helium production revenue from hundreds of thousands to millions of dollars per month by year-end; paving the way for a prosperous future as a leading supplier in the North American market as well as the potential for Carbon Storage; will position the combined entity as a dominant player in the North American market for helium and beverage grade CO 2 ; etc.

Such forward-looking information or statements are based on several risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding acquisitions, production of helium and CO 2 , future development and growth, plans for and completion of projects by third-party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, without limitation, operational risks in the completion of anticipated projects, delays or changes in plans with respect to the development of anticipated projects risks affecting the ability to develop projects, risks in legislative changes in the applicable jurisdictions, risks inherent in operating in foreign jurisdictions, the ability to attract key personnel, risks in decrease of price of helium and CO 2 . No assurances can be given that the efforts by Proton Green will be successful.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements, except as required by law.

Investors are cautioned that notwithstanding the expectations described herein, there can be no assurance that the plans described herein will be completed as proposed. Trading in the securities of VVC should be considered highly speculative.  All forward-looking statements contained in this press release are expressly qualified in their entirety by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com ).


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HIGHLIGHTS

- Vertex has acquired a Boart Longyear LM90 underground drill rig to advance exploration at the Reward gold mine below the existing resource

- The Vertex team are planning diamond drill programs for the following:

o Below the current JORC-2012 Reward Resource (see drill collar locations on Figure 1), with the aim of expanding upon the existing resource

o Fosters Exploration Target, and the South Star prospect area

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o Safe, Semi-automated, with a rod-handler system which allows for less manual handling

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LONGYEAR LM90 UNDERGROUND DRILL RIG - KEY FEATURES

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1. REVERSIBLE FEED CYLINDER

The feed cylinder is reversible which increases up-hole drilling capacity.

2. SEMI-AUTOMATED ROD HANDLING

Semi-automated rod handler (optional) makes handling of rods safer and easier.

3. HIGH TORQUE BREAKOUT

Automated high torque breakout device breaks most rod joints automatically.

4. FAIL SAFE ROD CLAMP

Hydraulic open and spring close rod clamp resultsin failsafe operation.

5. LOAD SENSING HYDRAULICS

Load sensing hydraulics maximize efficiency and reduce heat.

6. PROPORTIONAL CONTROLS

Proportional controls and lock levers provide optimum control of rpm and feed.

7. DIRECT COUPLED FEED FRAME

Direct coupled feed frame resultsin lower maintenance and smoother feed transmission

Combined Mineral Resource Estimate (MRE) for the Reward gold deposit at Hill End stands at 419,000 tonnes at 16.72g/t Au for 225,200oz Au (VTX Announcement 21 June 2023)

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/8DG26OB8



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

"I am pleased with the progress made during my tenure as Interim Chairman," said Bill Williams . "With Ray's extensive background in project development, construction, and executive management, I am confident he is the right person to lead the Board moving forward".

"I am excited to step into the role of Chairman and to lead the Board during this pivotal time for Western," said Raymond Threlkeld . "I look forward to collaborating with my fellow directors and management to unlock the full potential of the Casino Project".

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-appoints-raymond-threlkeld-as-chairman-302260782.html

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2024/27/c3353.html

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