Battery Metals

TSX.V: TORC   OTCQB: TORCF

TinOne Resources Inc. (TSXV: TORC) (" TinOne " or the " Company ") is pleased to announce that further to its news release on August 30, 2022 the Company has now acquired a 100% undivided interest in the Rattler Range tin project (" Rattler Range ") in northeastern Tasmania, Australia .

" With the completion of the acquisition of the Rattler Range tin project, TinOne now controls five out of the seven primary tin occurrences in Northeast Tasmania ," stated Chris Donaldson , TinOne's Executive Chairman. "The Company's experienced geological team will apply modern techniques at Rattler Range with the goal of unlocking value in an area that has seen limited recent exploration."

Upon closing, the Company issued 1,000,000 common shares (the " Consideration Shares ") at a deemed issuance price of $0.10 per Consideration Share. The Consideration Shares are subject to a hold period expiring four months and one day from the date of issuance.

Additionally, the Company has agreed to grant the vendor a 2% net smelter returns royalty over the project (the " NSR "). The Company will have the right, at any time upon notice being given to the NSR holder, to repurchase 1/2 of the NSR for C$1,000,000 in cash.

About Rattler Range

The Rattler Range project, consisting of a 32km 2 exploration license (EL10/2019), is a highly prospective tin project in northeastern Tasmania, Australia and located only 64km from the city of Launceston. Historical records 1 indicate the presence of 47 individual named tin occurrences across a 12km long, northwesterly oriented mineralized trend that has seen very little on-ground exploration since the 1980s. The district contains hard rock greisen and vein mineralization in a cupola zone of highly fractionated, evolved granite.

High priority initial targets include Bells Hill where multiple mineralized lodes, 1.5 to 6 metres wide, occur over an area of at least 500m of strike length. No systematic exploration has been conducted and only 2 drill holes have been completed at the prospect. Other priority targets include the multi-kilometer scale tin-bearing alteration zones at Ruby Flats, Walsh's , Mammoth and Mt Paris.

______________________________

1 Source: Mineral Resources Tasmania www.mrt.tas.gov.au

Figure 1: Rattler Range tin project location (CNW Group/TinOne Resources Corp.)

Figure 2: Rattler Range tin project summary geology and key prospects (CNW Group/TinOne Resources Corp.)

About TinOne

TinOne is a TSX Venture listed Canadian public company with a high-quality portfolio of tin and gold projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia . The Company is focussed on advancing its highly prospective portfolio through aggressive exploration programs.

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, including drilling programs and mobilization of drill rigs; future mineral exploration, development and production; and completion of a maiden drilling program.

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.

TinOne Resources Corp. Logo (CNW Group/TinOne Resources Corp.)

SOURCE TinOne Resources Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/23/c7208.html

News Provided by Canada Newswire via QuoteMedia

TORC:CA
TinOne Resources

TinOne Resources


Keep reading...Show less
TinOne Reports Strong Results at Depth from its Great Pyramid Project, Tasmania, Australia

TinOne Reports Strong Results at Depth from its Great Pyramid Project, Tasmania, Australia

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) (" TinOne " or the " Company ") is pleased to provide further results from its Great Pyramid Tin (Sn) Project (" Great Pyramid " or the " Project ") located in the tier one mining jurisdiction of Tasmania, Australia . The ongoing program has been successful in continuing to define significant tin mineralisation.

Highlights:
  • High grade intersections returned at depth, below historic drilling
  • Drill hole 22GPRC003 returned
    • 0.31% Sn over 18 metres;
    • 0.46% Sn over 5.4 metres; and,
    • 0.22% Sn over 13 metres

"The diamond core extension of drill hole 22GPRC003 has delivered outstanding results from considerable depth below the area of the historical resource at Great Pyramid," commented Chris Donaldson , Executive Chairman. "This drill hole demonstrates the continuation of the system to depth with excellent grade. The holes reported here, in conjunction with historical drill holes and TinOne's other deeper holes, are allowing us to understand the full extent and geological controls at Great Pyramid."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TinOne Continues to Report Outstanding Results from its Great Pyramid Project, Tasmania, Australia

TinOne Continues to Report Outstanding Results from its Great Pyramid Project, Tasmania, Australia

(TSX.V: TORC)   (OTCQB: TORCF)

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) (" TinOne " or the " Company ") is pleased to provide further results from its Great Pyramid Tin (Sn) Project (" Great Pyramid " or the " Project ") located in the tier one mining jurisdiction of Tasmania, Australia . The ongoing program has continued to define significant tin mineralisation.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TINONE CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF C$2,210,400

TINONE CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF C$2,210,400

(TSX-V: TORC) (OTCQB: TORCF)

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES /

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TINONE ANNOUNCES U.S. TRADING ON THE OTCQB VENTURE MARKET UNDER SYMBOL TORCF

TINONE ANNOUNCES U.S. TRADING ON THE OTCQB VENTURE MARKET UNDER SYMBOL TORCF

(TSX-V: TORC) (OTCQB: TORCF)

TinOne Resources. Inc. (TSXV: TORC) (OTCQB: TORCF) (FRA: 57Z0) (" TinOne " or the " Company ") is pleased to announce that it has qualified to trade on the OTCQB® Venture Market in the United States and its common shares are now trading on the OTCQB under the ticker symbol "TORCF". TinOne will continue to trade on the TSX Venture Exchange in Canada under the symbol "TORC" and on the Frankfurt Exchange under the symbol "57Z0".

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TINONE CLOSES FIRST TRANCHE OF OVERSUBSCRIBED PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF C$2,154,400

TINONE CLOSES FIRST TRANCHE OF OVERSUBSCRIBED PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF C$2,154,400

(TSX-V: TORC)

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES /

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Foremost Lithium Completes Sale of Its Interest on Its Hidden Lake Property for $3.5 Million Cash

Foremost Lithium Completes Sale of Its Interest on Its Hidden Lake Property for $3.5 Million Cash

Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) (www.foremostlithium.com) ("Foremost Lithium, Foremost or the Company") is pleased to announce that it has completed the sale of its 60% interest in the Hidden Lake Project in Yellowknife, NWT for C$3.5 million to Youssa PTY Ltd., an Australian private company. The transaction was completed pursuant to the terms and conditions of the signed and binding term sheet entered between the parties, previously announced on November 07, 2022.

The Hidden Lake Project that was purchased from Foremost, consists of five contiguous mineral claims, with at least 10 lithium-bearing spodumene pegmatite dykes across 4,100 acres/1,659 hectares situated in the prolific Yellowknife Pegmatite District NWT.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Marvel Makes Application in Preparation for Drilling on the Duhamel Ni-Cu-Co-pge Property, Lac St. Jean, Quebec

Marvel Makes Application in Preparation for Drilling on the Duhamel Ni-Cu-Co-pge Property, Lac St. Jean, Quebec

Marvel Discovery Corp. (TSX-V:MARV)(Frankfurt:O4T)(MARVF:OTCQB); ("Marvel" or the "Company") is pleased to announce that an application has been made to the Provincial and Municipal governments for a Drill Program on the Duhamel Nickel-Copper-Cobalt-Platinum Group Property. In addition, notice has been sent to the Nitassinan de Mashteuiatsh First Nation for their review

Marvel Discovery Corp., Thursday, December 1, 2022, Press release picture

Figure 1. Regional location of the Duhamel Property

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ACME Lithium Provides Update for Winter Drilling Program in Canada's Winnipeg River Pegmatite Region

ACME Lithium Provides Update for Winter Drilling Program in Canada's Winnipeg River Pegmatite Region

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to provide a corporate update at its Shatford, Birse, and Cat-Euclid Lake project areas in the Winnipeg River pegmatite region. ACME's land holdings in southeastern Manitoba comprise approximately 17,000 acres or 70 square kilometres.

ACME completed an extensive summer exploration program employing remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. Our exploration focus is on spodumene-bearing LCT pegmatites that are a source for high quality lithium that can be converted to lithium carbonate.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Fortune Minerals Announces Settlement of 2015 Debentures

Fortune Minerals Announces Settlement of 2015 Debentures

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce that it has reached agreements (the " Settlement Agreements ") with the holders of its debentures issued in 2015 and amended in 2022 (the " 2015 Debentures "). With the Settlement Agreements in place, Fortune can now focus on advancing the NICO cobalt-gold-bismuth-copper critical minerals development project (" NICO Project ") in the Northwest Territories (" NWT ") and Alberta.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Electric Royalties Provides Update on Royalty Portfolio

Electric Royalties Provides Update on Royalty Portfolio

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

Brendan Yurik, CEO of Electric Royalties, commented: "Despite the difficult equity markets in the past six months, it has been tremendously exciting to see progress continue across our portfolio, particularly at our lithium assets. Upon forecast restart in Q1 2023, Sayona Mining's North American Lithium (NAL) operation will become Canada's only producing lithium mine; NAL will seek to integrate millfeed from the Authier project on which we have a 0.5% gross metal royalty. We acquired the Authier royalty approximately two and a half years ago and the project has advanced substantially while lithium prices have climbed1. Our other lithium royalties, Seymour Lake and Cancet, continue to show promise, and we eagerly await the Seymour Lake preliminary economic assessment targeted for Q1 2023. Having one of the largest lithium royalty portfolios in the world, we're well positioned to benefit from the strong lithium market.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Highlights Milestones During 2022

Noram Highlights Milestones During 2022

Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to review the Company's activities during 2022 and to highlight upcoming catalysts at its 100%-owned high-grade Zeus Lithium Project in Clayton Valley, Nevada

Highlights of 2022 Corporate Milestones:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×