TINONE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

TINONE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

TSX.V: TORC   OTCQB: TORCF

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) (" TinOne " or the " Company ") is pleased to announce that it has closed the first tranche of the non-brokered private placement financing, previously announced on May 18, 2023 raising gross proceeds of C$296,420 .  A total of 2,470,166 units of the Company (the " Units ") were issued at a price of C$0.12 per Unit (the " Financing ").

Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a " Warrant ") of the Company. Each Warrant will entitle the holder to purchase one common share of the Company at an exercise price of C$0.25 and will expire on June 2, 2025 .

The Company paid cash finder's fees equal to $4,561 and issued 38,010 finders warrants of the Company, to acquire that number of common shares in the capital of the Company at $0.25 per share and they will expire on June 2, 2025 .

The Company will continue to raise additional funds up to C$1,000,000 as outlined in the Company's May 18 th , 2023 news release for up to a total of 8,333,333 units.  The Company notes that the May 18 th news release stated the incorrect number of units, 7,692,308 units, but stated correct gross proceeds of C$1,000,000 .

The Financing is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and necessary regulatory approvals.  All securities issued in connection with the Financing will be subject to a statutory hold period of four months plus a day from closing, expiring October 3, 2023 .

Proceeds from the Financing will be used for exploration and working capital purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

About TinOne

TinOne is a TSX Venture Exchange listed Canadian public company with a high-quality portfolio of tin, tin/tungsten and lithium projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia . The Company controls some of the most important tin districts in Tasmania , including Aberfoyle , Rattler Range and Great Pyramid and is focused on advancing its highly prospective portfolio.   TinOne is supported by Inventa Capital Corp.

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.

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain "Forward–Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward–looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward–looking statements or information. These forward–looking statements or information relate to, among other things: the development of the Company's projects; future mineral exploration, development and production; and the release of exploration results; completion of additional tranches; the use of proceeds raised from the Financing; and receipt of regulatory approvals.

Forward–looking statements and forward–looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of TinOne, future growth potential for TinOne and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; TinOne's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect TinOne's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements or forward-looking information and TinOne has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on early stage mineral projects; metal price volatility; risks associated with the conduct of the Company's mining activities in Australia ; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in TinOne's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward–looking statements or forward-looking information. Although TinOne has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. TinOne does not intend, and does not assume any obligation, to update these forward–looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

SOURCE TinOne Resources Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/June2023/02/c5233.html

News Provided by Canada Newswire via QuoteMedia

TORC:CA
The Conversation (0)
TINONE SAMPLES LITHIUM MINERALIZATION IN HISTORICAL DRILL CORE FROM ITS ABERFOYLE PROJECT, TASMANIA, AUSTRALIA

TINONE SAMPLES LITHIUM MINERALIZATION IN HISTORICAL DRILL CORE FROM ITS ABERFOYLE PROJECT, TASMANIA, AUSTRALIA

TSX.V: TORC   OTCQB: TORCF

DEFINES NEW STYLE OF MINERALIZATION PERIPHERAL TO PROSPECTIVE GRANITES

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TINONE DEFINES NEW ZONE OF STRONG LITHIUM-IN-SOIL ANOMALISM AT ITS ABERFOYLE PROJECT, TASMANIA, AUSTRALIA

TINONE DEFINES NEW ZONE OF STRONG LITHIUM-IN-SOIL ANOMALISM AT ITS ABERFOYLE PROJECT, TASMANIA, AUSTRALIA

TSX.V: TORC   OTCQB: TORCF

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) ( Frankfurt : 57Z0) (" TinOne " or the " Company ") is pleased to announce that it has defined a new zone of anomalous lithium-in-soil at its 100%-owned, 9,600 hectare Aberfoyle Project located in the tier-one mining jurisdiction of Tasmania, Australia .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TINONE CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT FINANCING

TINONE CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT FINANCING

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) (" TinOne " or the " Company ") is pleased to announce that it has closed its final tranche of the non-brokered private placement financing, previously announced on May 18, 2023 June 2, 2023 and June 26, 2023 raising an additional C$153,000 .  The Company overall raised gross proceeds of C$781,000 issuing a total of 6,508,330 units of the Company (the " Units ") at a price of C$0.12 per Unit (the " Financing ").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TINONE ACQUIRES THE PROSPECTIVE TIN-LITHIUM MOUNT MAURICE PROJECT, TASMANIA, AUSTRALIA

TINONE ACQUIRES THE PROSPECTIVE TIN-LITHIUM MOUNT MAURICE PROJECT, TASMANIA, AUSTRALIA

TSX.V: TORC   OTCQB: TORCF

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) ( Frankfurt : 57Z0) (" TinOne " or the " Company ") is pleased to announce that it been granted a total of 243 km 2 of new exploration tenure in northeast Tasmania.  In addition, the Company has applied for another 133 km 2 which has been recommended to be granted in the coming months. The road-accessible tenements, collectively called the Mount Maurice Project, are considered prospective for tin and lithium mineralization.  While northeast Tasmania has historically been a tin and tungsten producing region, recent exploration by several companies surrounding TinOne's tenements have focussed efforts on lithium prospectivity.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TINONE CLOSES ADDITIONAL TRANCHE OF PRIVATE PLACEMENT FINANCING AND EXTENDS CLOSING

TINONE CLOSES ADDITIONAL TRANCHE OF PRIVATE PLACEMENT FINANCING AND EXTENDS CLOSING

TSX.V: TORC   OTCQB: TORCF

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
E-Power Expands Targets on The Tetepisca Flake Graphite Property; Samples 68.7% Cg at The Priority Graphi-Centre Target Area

E-Power Expands Targets on The Tetepisca Flake Graphite Property; Samples 68.7% Cg at The Priority Graphi-Centre Target Area

E-Power Resources Inc. (CSE: EPR) ("E-Power" or the "Company") is pleased to report results from Phase 1 of the 2025 Exploration Program being completed on the Tetepisca Flake Graphite Property located in the North Shore region of Quebec. Highlights of results include:

  • Several high grade (> 10% Cg) samples including a high grade sample of 26.4% Cg from a target area on the northern part of the property which was discvered in 2024.
  • Several high grade (> 10% Cg) samples including a high grade sample of 68.7% Cg from Graphi-Centre, the Company's highest priority target on the Tetepisca Property.
  • Discovery of a new flake graphite showing which includes a high grade grab sample of 54.7% Cg located on a long conductive linear trend on the southwestern part of the property.

James Cross, President and CEO of E-Power commented: "Phase 1 of our 2025 Exploration Program further demonstrates the from-surface, high grade resource potential of several flake graphite targets on the property. Metallurgical testwork, detailed mineralogy, and continued geological evaluation will result in characterization of the potential deposits and prioritization for advanced evaluation and delineation. By characterizing the different resource delineation targets, we expect to be able to attract users of graphite, and companies who want to secure that link in the supply chain; those who need politically-reliable graphite sources. Those users and traders have the capital to turn it quickly into a resource, and ultimately, a secure source of easily accessible graphite."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Altech Batteries Ltd  Bearer Bond Funds Received

Altech Batteries Ltd Bearer Bond Funds Received

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that it has received EUR1M in funds from the remaining Bearer Bond facility in place with major shareholder Deutsche Balaton. The original facility was for EUR2.5M and this has now been adjusted by mutual agreement to EUR2M. The full EUR2M has now been drawn down.

As announced to the ASX on 25 March 2025, the Company advised that it is in the process of selling its Malaysian land to help fund the ongoing development of the CERENERGY(R) battery project and the Silumina Anodes(TM) battery materials project, as well as to support general working capital requirements.

The Company also announced that it had entered into a binding Bond Note Subscription Deed with its major shareholder Deutsche Balaton AG, under which Altech could drawdown up to EUR2.5M in cash in the form of interest-bearing Bearer Bonds.

As the Bond Note Subscription Deed involved the Company granting a security interest over the Company's Malaysian land, shareholder approval was required. The Company convened a General Meeting on 13 May 2025 and shareholders approved all Resolutions put to the General Meeting. The Company then applied to have the Malaysian land security registered with the relevant land authority, being Johor Corp. Although there were no laws or regulations precluding Johor Corp from registering the land security, it considered Deutsche Balaton AG a 'non-lending foreign entity' and advised that accordingly it was not comfortable in registering the land security.

The Company's wholly owned subsidiary Altech Chemicals Sdn. Bhd. is the holder of the lease agreement over the Malaysian land. The only asset of value within Altech Chemicals Sdn. Bhd. is the lease agreement over the Malaysian land. In order to provide the security to Deutsche Balaton AG so as to drawdown the Bearer Bonds, the Company enforced security over the shares of Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG in lieu of the land security.

On 20 August 2025, the Company's wholly owned subsidiary Altech Chemicals Australia Pty Ltd (shareholder of Altech Chemicals Sdn. Bhd.) executed a Share Charge with Deutsche Balaton AG in connection with the Bond Note Subscription Deed. Pursuant to the Share Charge, Altech Chemicals Australia Pty Ltd has offered as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed, charged all its rights, title and interest to all of the shares held in Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG. The Security is a continuing security and will extend to the ultimate balance of the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

On 20 August 2025, the Company executed an Amendment Deed to the Bond Note Subscription Deed. Under the terms of the Amendment Deed, the agreed amount of bonds available to be drawdown was reduced from EUR2.5M to EUR2.0M. Additionally, the Company's Meckering land was offered as additional security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

Altech Meckering Pty Ltd, the Company's wholly owned subsidiary and holder of the Meckering land, has entered into a mortgage over the Meckering Land in favour of Deutsche Balaton AG as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.



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.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Starts Maiden Drilling Program at Anatacau Main

Brunswick Exploration Starts Maiden Drilling Program at Anatacau Main

Brunswick Exploration Inc. ( TSX-V: BRW OTCQB: BRWXF ; FRANKFURT:1XQ ; " BRW " or the " Company ") is pleased to announce that it has begun drilling at the Anatacau Main Project, located in the Eeyou-Istchee James Bay region of Quebec. The drill program will target the Anais lithium discovery, located 22 kilometers east and along strike from Rio Tinto's Galaxy project and BRW's Anatacau West project.

Mr. Killian Charles, President and CEO of BRW, commented: "Beyond our favorable results in Greenland, we continue to advance our portfolio of assets in Quebec. We expect to complete our maiden resource estimate at Mirage in Q4 and, now, have begun an exciting new drill program at Anatacau Main, one of our first Canadian lithium discoveries. Our previous work at the neighbouring Anatacau West project demonstrated that mineralization is immediately contiguous east of the Galaxy Lithium project. Importantly, we believe the Anais showing also possesses the same structural context and similar geological features to the Galaxy Lithium project."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Macquarie Electro Jet Silver Extraction Recovery

Macquarie Electro Jet Silver Extraction Recovery

Lithium Universe (LU7:AU) has announced Macquarie Electro Jet Silver Extraction Recovery

Download the PDF here.

Latest Press Releases

Related News

×