Taranis Announces Exercise of Second Tranche of Warrants, Modernizes Its Exploration Data for Artificial Intelligence Analysis

Taranis Resources Inc. ("Taranis" or the "Company") (TSX.V:TRO)(OTCQB:TNREF) is pleased to announce the exercise of additional warrants that will aid the Company in its continued efforts to explore the Thor project. The Company is also progressing with a financing that will allow it to undertake deep drilling on the project this summer

Exercise of Warrants

Taranis has recently received a further $250,000 from the exercise of 1,250,000 share purchase warrants at a price of $0.20 per share. These 1,250,000 shares will be issued shortly.

Modernization of Exploration Databases at Thor for Use with Artificial Intelligence

Taranis has compiled a substantial amount of exploration data at Thor, and the Company is undertaking a modernization of its existing digital databases that will enable it to analyze this data using artificial intelligence and machine learning. This will allow the Company to recognize patterns and predictive modeling that are currently not available to it. Virtually all of this data at Thor is related to the epithermal deposit which has its own stand alone NI 43-101 Mineral Resource.

As the Company transitions to deeper exploration at Thor, it is imperative that Taranis is able to capitalize on the full value of the exploration data and make factual, informed decisions about the large targets that exist below the epithermal deposit. The ability to use artificial intelligence and machine learning are becoming crucial to exploration projects, and supplement geologist's professional assessments. It is imperative that Taranis utilize these technologies as deep exploration becomes increasingly expensive.

About Taranis

Taranis Resources Inc. is a well-positioned exploration company that is exploring and developing its 100%-owned Thor precious-base metal project in British Columbia. Taranis has drilled over 250 drill holes on the project, defining a near-surface epithermal deposit that is over 2 km long. The Company refers to the epithermal trend as the "Trunk," invoking the anatomy of an elephant to portray the connection of the epithermal deposit to the underlying Jumbo and Horton intrusive targets.

Qualified Persons

Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under the meaning of Canadian National Instrument 43-101. John Gardiner, P.Geo. is a principal of John J. Gardiner & Associates, LLC, which operates in British Columbia under Firm Permit Number 1002256.

For additional information on Taranis or its 100%-owned Thor project in British Columbia, visit www.taranisresources.com

Taranis currently has 94,587,027 shares issued and outstanding (109,262,027 shares on a fully-diluted basis).

Taranis Resources Inc.
Per: John J. Gardiner (P. Geo.),
President and CEO

For further information contact:

John J. Gardiner
681 Conifer Lane
Estes Park, Colorado 80517
Phone: (720) 209-3049
johnjgardiner@earthlink.net

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 NEWS RELEASE.

This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.

SOURCE: Taranis Resources, Inc.



View the original press release on accesswire.com

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Taranis Announces Exercise of Second Tranche of Warrants, Modernizes Its Exploration Data for Artificial Intelligence Analysis

Taranis Resources Inc. ("Taranis" or the "Company") (TSX.V:TRO)(OTCQB:TNREF) is pleased to announce the exercise of additional warrants that will aid the Company in its continued efforts to explore the Thor project. The Company is also progressing with a financing that will allow it to undertake deep drilling on the project this summer

Exercise of Warrants

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Lithium Ionic Files NI 43-101 Technical Report for the Salinas Lithium Project Mineral Resource Estimate, Minas Gerais, Brazil

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Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) reports that it has filed the independent NI 43-101 compliant technical report for its Salinas Lithium Project ("Salinas" or the "Project") in Minas Gerais State, Brazil, related to an initial Mineral Resource Estimate ("MRE") for the Project announced on April 4, 2024.

The Technical Report, titled " Independent Technical Report on Mineral Resources Estimate for the Baixa Grande - Salinas Lithium Project " was prepared by GE21 Consultoria Mineral Ltda. ("GE21") in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and has an effective date of January 4, 2024.

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FIRST QUARTER 2024 HIGHLIGHTS ($ USD)

  • Strengthened commercial position in May, achieving a premium price of USD $1,290 /t, at a fixed formula of 9% of lithium hydroxide quoted at LME, delivering:
    • 11% price increase from April
    • 25% price increase from 1Q24 realized sales price (USD $930 /t or $1,035 /t on a 6% basis)
  • Revenues from volumes of Quintuple Zero High Purity Lithium Concentrate sold in 1Q totaled $49.1 million .
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    • Production volumes totaled 54,168/t
  • Reduced reported cash cost by 16% from 4Q23 , approaching 3Q cost guidance:
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    • Cash costs at industrial plant gate averaging $397 /t (guidance of $370 /t)
  • Robust 1Q24 EBITDA margins:
    • 35.3% margins on pro forma EBITDA (3) of $17.4 million , generated by business conducted in 1Q24.
    • 15.8% margins on reported 1Q adjusted EBITDA of $5.9 million .
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  • Extended operational life to 25 years at the Company's 100% owned Grota do Cirilo industrial-mineral complex at an industrial throughput of 520,000 t/year:  Increase of 40% in proven and probable mineral reserves to 77 million tonnes (from 54.8 million tonnes).

Conference Call Information

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Arizona Metals Announces Management Transition; Welcomes Duncan Middlemiss as President and CEO and Jacques Perron as Chair of the Board

Arizona Metals Announces Management Transition; Welcomes Duncan Middlemiss as President and CEO and Jacques Perron as Chair of the Board

/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES /

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) (the " Company " or " Arizona Metals ") is delighted to announce key changes in its leadership team to steer the Company into its next phase of growth. To facilitate the progression of Arizona Metals, Marc Pais (CEO) and Paul Reid (Executive Chair) made the decision to initiate an extensive search process for an experienced mine development leadership team.

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Sigma Lithium Corporation (" Sigma Lithium " or the " Company ") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML) a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces it will release its financial results for the first quarter ended March 31, 2024 before market open on May 16, 2024 . The release will be followed by an investor conference call the same day at 12:00 p.m. ET.

To register for the call, please proceed through the following link Register here.

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Platinum, silver and gold prices written on board.

WPIC: 2024 Platinum Deficit Revised Upward to 476,000 Ounces

The World Platinum Investment Council (WPIC) has released its latest platinum market report, adjusting its 2024 deficit projection up to 476,000 ounces as weaker supply is outpaced by sustained auto and industrial demand.

“For the second consecutive year, the platinum market will post a meaningful deficit underscored by platinum's sustained demand and supply vulnerability amidst global economic challenges,” said WPIC CEO Trevor Raymond.

“While we currently forecast a deficit of 476 koz, it is worth mentioning that a revision to the bar and coin investment series, based on new field research and information, could mean this deficit is potentially deeper,” he added.

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HIGHLIGHTS

  • Sigma Lithium is increasing its Proven and Probable Reserve balance by 40% to 77.0 million tonnes from 54.8 million tonnes.
    • The entirety of this mineral Reserve balance is feasible through low-cost, open pit, mining operations, consolidating the Company 's position as a low-cost producer of Quintuple Zero High Purity Lithium materials.
  • Increased Proven and Probable Reserves lengthens the duration of Sigma's integrated industrial-mining operations to an estimated 25 years at two phases of processing capacity at 520,000 tonnes/year.

Sigma Lithium Corporation (" Sigma Lithium " or the " Company ") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML) , a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces it is increasing its Proven and Probable Mineral Reserves at its 100% owned Grota do Cirilo operation at Vale do Jequitinhonha by 40%, equivalent to 22.2 million tonnes.

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