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AQARF: effective Dec. 15,2021 Gold Resource Acquisition Sub Inc. (the "Purchaser"), a wholly-owned subsidiary of Gold Resource Corporation ("GRC"), acquired all of the outstanding common shares of the Aquila (the "Aquila Shares") pursuant to the plan of arrangement. Aquila shareholders will receive 0.0399 of a share of common stock of GRC for each Aquila Share held.
FINRA will delete the symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
AQARF: effective Dec. 15,2021 Gold Resource Acquisition Sub Inc. (the "Purchaser"), a wholly-owned subsidiary of Gold Resource Corporation ("GRC"), acquired all of the outstanding common shares of the Aquila (the "Aquila Shares") pursuant to the plan of arrangement. Aquila shareholders will receive 0.0399 of a share of common stock of GRC for each Aquila Share held.
FINRA will delete the symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
I'm thinking the underwriters buttcheeks are quite puckered!
https://www.businesswire.com/news/home/20211108005995/en/Aquila-Resources-Announces-That-ISS-Supports-the-Transaction-With-Gold-Resource-Corporation-and-Recommends-That-Shareholders-Vote-for-the-Arrangement-Resolution/
I’m still on the fence what does everyone think positive or negative for share holders
Yes, hello from the GORO board.
From what I gather, While technically they have a permit, it is basically worthless.
If they can't explain why they are overpaying in the morning, heads will roll!
They were just bought out just over an hour ago by an active gold miner in Mexico that is an American company.
Aquila owns the Back Forty proposed gold mine site with proven reserves in Upper Michigan. Aquila is permitted in Michigan that it had to fight in court for rights that used the treaty of cedars.
Aquila fought a long battle with an Indian tribe in Wisconsin and prevailed. I all but gave up on this one but know the gold reserve is a bute with other preferred minerals.
What did I just buy???
Spill the beans!
https://aquilaresources.com/release/?id=fea61c30-fda6-420f-aac6-9c1906b94b12
Sneaking Alpha article is a full-of-shit promotion.
Here is the article from the company. Sneaking Alpha is a bag of wind.
It appears Aquila lost the fight and financial support if they're doing another feasibility study. What a joke
So now they are going to try their luck in Wisconsin. LoL Be better off stopping at a Casino.
No wonder why key people left.
$AQARF Developing America’s Next High Grade District
CORPORATE PRESENTATION | NOVEMBER 2020 PRECIOUS METALS SUMMIT EUROPE
https://aquilaresources.com/wp-content/uploads/2020/11/Aquila-Presentation-November-2020-PMS.pdf?fbclid=IwAR2aauEBTqwa963zbWLUUdkkaMGEsam47YP3ekZ4_KmfJ4ADSXH5NXAqzGE
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") announced that the Michigan Department of Environment, Great Lakes, and Energy ("EGLE") approved amendments to Aquila's Nonferrous Metallic Mineral Mining Permit ("Mining Permit") and its Michigan Air Use Permit to Install ("Air Permit") for its Back Forty Project. The amendments update the permits to align with the project design outlined in the August 2018 open pit Feasibility Study as well as in its Wetlands Permit that was issued June 4, 2018.
Barry Hildred, President & CEO of Aquila, commented, "The approval of these permit amendments mark another significant milestone for the Company as we advance through the pre-construction phase at Back Forty. As with the recent decision by the EGLE environmental review panel to uphold the Mining Permit, this decision followed an extensive environmental and technical review process. The Back Forty Mine will be a safe, disciplined operation that promotes and supports the local community, socio-economic development, and environmental protection."
ABOUT AQUILA RESOURCES
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development-stage company with strategic assets in the Great Lakes Region. The Company's experienced management team is focused on advancing pre-construction activities for its 100%-owned zinc- and gold-rich Back Forty Project in Michigan.
Aquila's flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula. The Project contains approximately 1.1B pounds of zinc and 1M ounces of gold in the Measured & Indicated Mineral Resource categories, with additional upside potential.
The Company has two other exploration projects: Reef Gold Project located in Marathon County, Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release may contain certain forward-looking statements within the meaning of applicable Canadian securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" and similar expressions suggesting future outcomes or statements regarding an outlook.
These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. These risks include those described under the heading "Risk Factors" in Aquila's most recent annual information form and its other public filings, copies of which can be under Aquila's profile at www.sedar.com. Aquila expressly disclaims any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
SOURCE Aquila Resources Inc.
TORONTO, Nov. 27, 2019 /CNW/ - Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") announced that the environmental review panel ("Panel") for the Michigan Department of Environment, Great Lakes, and Energy ("EGLE") has upheld the Final Decision and Order previously made by an Administrative Law Judge ("Judge") in support of the Michigan Nonferrous Metallic Mineral Mining Permit ("Mining Permit") for its Back Forty Project in Michigan. By way of background, following the Judge's ruling in May 2019, the Menominee Indian Tribe of Wisconsin appealed the decision to the Panel, which is made up of technical experts from various fields. The Panel's decision marks the final step in the contested case challenge to the Mining Permit that began in April 2018 and represents EGLE's final decision.
In its unanimous decision, the three-person Panel adopted the Judge's May 3, 2019 decision, which found "that the proposed mining operation will not pollute, impair, or destroy the air, water and other natural resources, or the public trust in those resources," in compliance with Michigan's Nonferrous Metallic Mining Statute.
Barry Hildred, President & CEO of Aquila, commented, "We are pleased that the Panel ruled in our favor and adopted the Judge's comprehensive decision that followed an exhaustive review process and lengthy contested case hearing. Michigan's environmental standards for mining are among the strictest in the world, and we look forward to continuing to demonstrate our commitment to environmental responsibility and sustainable resource development that benefits all stakeholders. The Back Forty Mine will be a safe, disciplined operation that promotes and supports local community socio-economic development and is protective of the environment."
The Company is awaiting issuance by EGLE of its amended Mining Permit and Air Permit. Testimony related to the Wetlands Permit contested case was completed on October 25, 2019.
ABOUT AQUILA RESOURCES
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development-stage company with strategic assets in the Great Lakes Region. The Company's experienced management team is focused on advancing pre-construction activities for its 100%-owned zinc- and gold-rich Back Forty Project in Michigan.
Aquila's flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula. The Project contains approximately 1.1B pounds of zinc and 1M ounces of gold in the Measured & Indicated Mineral Resource categories, with additional upside potential.
The Company has two other exploration projects: Reef Gold Project located in Marathon County, Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release may contain certain forward-looking statements within the meaning of applicable Canadian securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" and similar expressions suggesting future outcomes or statements regarding an outlook.
These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. These risks include those described under the heading "Risk Factors" in Aquila's most recent annual information form and its other public filings, copies of which can be under Aquila's profile at www.sedar.com. Aquila expressly disclaims any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
SOURCE Aquila Resources Inc.
TORONTO, Nov. 8, 2019 /CNW/ - Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") announced the filing of its financial results for the third quarter ended September 30, 2019. All amounts, unless indicated, are reported in US dollars.
Barry Hildred, President & CEO of Aquila, commented, "During the quarter, we continued to focus on advancing certain permit amendments for Back Forty while completing site-specific work to satisfy conditions in compliance with existing permits. As we move into 2020, our focus is to clear remaining legal hurdles and to get Back Forty shovel-ready. In order to fund these activities, we continue to evaluate interim and long-term funding options, including certain strategic opportunities with a variety of partners."
THIRD QUARTER HIGHLIGHTS
The Company is progressing certain Back Forty Project pre-construction activities including environmental fieldwork and site data collection. The Company also completed a geotechnical site investigation program including 1,200 meters of geotechnical drilling and hydrogeological testing in preparation for additional engineering activities.
The Company is continuing with its evaluation of underground mining following an open pit operation at Back Forty as outlined in the August 2018 Feasibility Study. The Company is also assessing various alternatives for downsizing the processing plant that better aligns open pit plant and potential future underground throughputs. This analysis will form the basis of an updated Preliminary Economic Assessment, the results of which Aquila expects to announce in the coming months.
The Company advanced the legal process related to the contested case challenge to its Mining Permit for its Back Forty Project in Michigan. In the second quarter, the Michigan Office of Administrative Hearings and Rules issued a Final Decision and Order upholding the Michigan Nonferrous Metallic Mineral Mining Permit for its Back Forty Project in Michigan. Following 30 days of cumulative testimony, the administrative law judge issued a final decision finding "that the proposed mining operation will not pollute, impair, or destroy the air, water and other natural resources, or the public trust in those resources," in compliance with Michigan's Nonferrous Metallic Mining Statute. On May 28, 2019, the Petitioners filed a request for review by the Michigan Department of Environment, Great Lakes, and Energy ("EGLE") internal review board. Hearings and briefings were held during the months of August, September and October. The Company does not expect the review board to reach a different conclusion than the Judge.
The Company continued to work with EGLE regarding the Company's application to amend its Mining Permit and Air Permit. Aquila expects the amended permits to be issued in the coming months.
The Company advanced the legal process related to the contested case challenge to its Wetlands Permit. Rebuttal testimony was completed on October 25, 2019. The Company expects briefings and a final decision to follow mid-2020.
The Company is in active discussions with existing partners, advisors and outside investors to secure both long-term project funding, and to secure interim financing to complete pre-construction activities. As part of its funding solution, the Company is reviewing certain strategic transactions. There can be no assurance that the Company will be able to execute and close on any funding solution.
As at September 30, 2019, Aquila had cash of $6.3 million and working capital of $3.9 million. This compared to cash of $14.4 million and working capital of $12.1 million at December 31, 2018. The decrease in working capital is primarily due to the funding of the Company's pre-construction activities.
POST QUARTER HIGHLIGHTS
On October 21, 2019, the U.S. District Court for the Eastern District of Wisconsin dismissed the lawsuit filed by Coalition to SAVE the Menominee River, Inc. (the "Coalition"). In November of 2018, the Coalition filed a lawsuit in the U.S. District Court for the Eastern District of Wisconsin challenging the EPA and the U.S. Army Corps of Engineers' failure to exercise jurisdiction over Aquila's Wetlands Permit for its Back Forty Project. The Court dismissed the lawsuit, holding that the Coalition could not challenge the federal government's refusal to exercise jurisdiction over the Wetlands Permit under the Administrative Procedures Act or the Clean Water Act.
The Company continues to work with EGLE to secure issue of amendments to its Mining Permit and its Air Permit that reflect project optimizations, as well as a new Dam Safety Permit. The Company anticipates EGLE will approve the Mine and Air Permit amendments in the coming months. EGLE has informed the Company of EGLE's intention to defer review and processing of the Dam Safety Permit until 2020, in order to incorporate hydrogeological information currently being gathered under the Wetlands Permit into the Dam Safety Permit review. EGLE has encouraged the Company to withdraw its Dam Safety Permit application and resubmit the application in order to facilitate EGLE's preferred approach. At this point, the Company does not see this development as impacting preconstruction activities or the start date of construction.
OUTLOOK
Pre-construction activities including engineering and construction readiness will continue to advance at Back Forty.
Operational readiness activities including advancing plans with respect to roads, power, and concentrate logistics are underway.
In addition to recently filled positions, the Company will continue to add resources to its owners' team to prepare for the construction and operational readiness phases at Back Forty.
The Company will continue discussions with prospective financial partners to secure the required capital to construct the Back Forty Project. Aquila, with the assistance from its advisors, will consider all strategic and financial options available to the Company and the Project.
The Company is also evaluating its strategy and funding alternatives with respect to its exploration projects in Wisconsin in light of the recent repeal of the decades-old moratorium on non-ferrous mining in the state.
SELECTED FINANCIAL INFORMATION
The following table provides selected financial information that should be read in conjunction with the financial statements of the Company for the three months and nine months ended September 30, 2019:
Three Months Ended
Nine Months Ended
September 30
September 30
2019
2018
2019
2018
Mineral property exploration expenses
$2,168,491
$1,935,172
$5,376,659
$5,377,127
Administrative expenses
1,025,997
1,289,473
3,446,757
3,699,132
Net finance charges
646,124
516,045
1,951,458
1,551,572
Loss from operations
3,840,612
3,740,690
10,774,874
10,627,831
(Gain) loss on foreign exchange
(3,023)
52,813
(15,860)
(275,623)
Loss (gain) on change in value of contingent consideration
(476,224)
(50,102)
(313,736)
412,403
(Gain) loss on change in fair value of warrant liability
(444,123)
(1,298,287)
(793,745)
(1,405,491)
Net and comprehensive loss for the period
2,917,242
2,445,114
9,651,533
9,359,120
Net loss per share - basic and diluted
0.01
0.01
0.03
0.03
ABOUT AQUILA RESOURCES
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development-stage company with strategic assets in the Great Lakes Region. The Company's experienced management team is focused on advancing pre-construction activities for its 100%-owned zinc- and gold-rich Back Forty Project in Michigan.
Aquila's flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula. The Project contains approximately 1.1B pounds of zinc and 1M ounces of gold in the Measured & Indicated Mineral Resource categories, with additional upside potential. Aquila has received all State and Federal permissions required for the construction and commencement of operations at the Back Forty Project.
The Company has two other exploration projects: Reef Gold Project located in Marathon County, Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release may contain certain forward-looking statements within the meaning of applicable Canadian securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" and similar expressions suggesting future outcomes or statements regarding an outlook.
These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. These risks include those described under the heading "Risk Factors" in Aquila's most recent annual information form and its other public filings, copies of which can be under Aquila's profile at www.sedar.com. Aquila expressly disclaims any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
SOURCE Aquila Resources Inc.
TORONTO, Aug. 9, 2019 /CNW/ - Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") announced the filing of its financial results for the second quarter ended June 30, 2019. All amounts, unless indicated, are reported in US dollars.
Barry Hildred, President & CEO of Aquila, commented "In 2019, we have continued to advance pre-construction activities in compliance with all permits as issued for Back Forty. In May, we received a favorable administrative court ruling upholding our Mine Permit and Michigan regulators issued a proposed decision in favor of our permit amendments. In parallel, we continue to evaluate a potential future underground mine at Back Forty while considering all strategic and financial options for the Company and the project. We believe that a stronger gold market and improving investor sentiment will set up a favorable backdrop for advancing Back Forty as we transition into the Project Execution phase."
SECOND QUARTER HIGHLIGHTS
The Company is progressing certain Back Forty Project pre-construction activities including environmental fieldwork and site data collection, metallurgical testwork, hydrogeological modeling, and a geotechnical drill program.
The Company is continuing with its evaluation of underground mining following an open pit operation at Back Forty as outlined in the August 2018 Feasibility Study. The Company is also assessing various alternatives for the processing plant that better aligns open pit plant and potential future underground throughputs. This analysis will form the basis of an updated Preliminary Economic Assessment, the results of which Aquila expects to announce later this year.
On May 3, 2019, the Michigan Office of Administrative Hearings and Rules issued a Final Decision and Order upholding the Michigan Nonferrous Metallic Mineral Mining Permit for its Back Forty Project in Michigan. Following 30 days of cumulative testimony, the administrative law judge issued a final decision finding "that the proposed mining operation will not pollute, impair, or destroy the air, water and other natural resources, or the public trust in those resources," in compliance with Michigan's Nonferrous Metallic Mining Statute.
On May 22, 2019, a draft permit (proposed decision) on the Back Forty Mining Permit amendment was issued. A consolidated public hearing for the Mine Permit and Air Permit amendments was held on June 25, 2019. Aquila expects the amendments to receive final approval in 2019.
On May 29, 2019, Aquila strengthened its land position at its Bend Project in Wisconsin by entering into a long-term mineral lease agreement with a party that owns the mineral rights on a portion of the deposit.
On June 3, 2019, a contested case hearing related to the Company's Wetlands Permit began.
On June 19, 2019, the Company announced the election of Pamela Saxton to its Board of Directors. Ms. Saxton is a business executive with over 35 years of experience in domestic and international public company finance roles, primarily in mining, software and oil and gas. Ms. Saxton has also joined the Company's Audit Committee.
On June 28, 2019, the Company announced that its two largest shareholders, Orion Mine Finance (and its affiliated funds) ("Orion") and Osisko Gold Royalties Ltd. ("Osisko") completed a transaction whereby Orion purchased from Osisko all 49,651,857 common shares of the Company owned by Osisko (the "Transaction"). The Transaction was a small component of the share repurchase and secondary offering transaction first announced by Osisko on June 25, 2019. Orion now owns 97,030,609 common shares of Aquila representing approximately 28.7% of the outstanding common shares. Osisko remains a significant financial partner to Aquila as the holder of gold and silver streams on the Company's Back Forty Project. Under its gold streaming agreement with the Company, Osisko remains committed to funding an additional US$40 million in staged payments to continue the development of the Back Forty Project.
As at June 30, 2019, Aquila had cash of $9.6 million and working capital of $7.0 million. This compared to cash of $14.4 million and working capital of $12.1 million at December 31, 2018. The decrease in working capital is primarily due to the funding of the Company's pre-construction activities.
OUTLOOK
Pre-construction activities including engineering and construction readiness will continue to advance at Back Forty.
Operational readiness activities including advancing plans with respect to roads, power, and concentrate logistics are underway.
In addition to recently filled positions, the Company will continue to add resources to its owners' team to prepare for the construction and operational readiness phases at Back Forty.
The Company will continue discussions with prospective financial partners to secure the required capital to construct the Back Forty Project. Aquila, with the assistance from its advisors, will consider all strategic and financial options available to the Company and the Project.
The Company is also evaluating its strategy and funding alternatives with respect to its exploration projects in Wisconsin in light of the recent repeal of the decades-old moratorium on non-ferrous mining in the state.
SELECTED FINANCIAL INFORMATION
The following table provides selected financial information that should be read in conjunction with the financial statements of the Company for the three months and six months ended June 30, 2019:
Three Months Ended
Six Months Ended
June 30
June 30
2019
2018
2019
2018
Mineral property exploration expenses
$ 2,164,885
$ 2,067,182
$ 3,208,168
$ 3,401,955
Administrative expenses
1,170,077
1,257,305
2,420,760
2,409,659
Net finance charges
608,668
643,046
1,305,334
1,035,527
Loss from operations
3,943,630
3,967,533
6,934,262
6,847,141
(Gain) loss on foreign exchange
79,162
(131,136)
(12,837)
(328,435)
Loss (gain) on change in value of contingent consideration
98,720
486,975
162,488
462,505
(Gain) loss on change in fair value of warrant liability
(302,564)
118,261
(349,622)
(107,204)
Net and comprehensive loss for the period
3,818,948
4,441,633
6,734,291
6,874,007
Net loss per share - basic and diluted
0.01
0.01
0.02
0.02
TORONTO, June 28, 2019 /CNW/ - Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") announces that its two largest shareholders, Orion Mine Finance (and its affiliated funds) ("Orion") and Osisko Gold Royalties Ltd. ("Osisko") have completed a transaction whereby Orion purchased from Osisko all 49,651,857 common shares of the Company owned by Osisko (the "Transaction"). The Transaction is a small component of the share repurchase and secondary offering transaction first announced by Osisko on June 25, 2019. Orion now owns 97,030,609 common shares of Aquila representing approximately 28.7% of the outstanding common shares.
Osisko remains a significant financial partner to Aquila as the holder of gold and silver streams on the Company's Back Forty Project in Michigan as well as 12,293,269 common share purchase warrants that are exercisable until May 10, 2020 at a price of C$0.34. Under its gold streaming agreement with the Company, Osisko remains committed to funding an additional US$40 million in staged payments to continue the development of the Back Forty Project.
Sean Roosen, Chair and CEO of Osisko, stated, "We have been and continue to be strong supporters of the Back Forty Project and the Aquila board and management team. The Back Forty Project will be a significant contributor to Osisko's near-term growth, and therefore we remain committed to making Back Forty an investment priority for Osisko for many years to come."
Aquila Resources Announces First Quarter 2019 Financial Results
https://www.otcmarkets.com/stock/AQARF/news/Aquila-Resources-Announces-First-Quarter-2019-Financial-Results?id=228541
$AQARF back to paper soon! This was already over $2 with the same share structure.
And that was just because they bought out Hud Bay and now have 100% interest and ownership in the Back Forty Mine.
$AQARF FALSE WALL Fraudulent MM's shorting and undercutting the ask price.
AQARF MM's being reported to FINRA for securities fraud. Wash Trading and Selling away.
Market Makers on this stock are manipulating the share price by being on the bid and ask and loading the ask.
Market Makers VALX and OTCX are manipulating this security.
I am reporting these losers to FINRA and the TSX
News: $AQARF Aquila resources Announces State of Michigan Issues Final Decision and Order Upholding Back Forty Mining Permit
Aquila resources Announces State of Michigan Issues Final Decision and Order Upholding Back Forty Mining Permit Canada NewsWire TORONTO, May 6, 2019 Shares Outstanding: 338,284,556 TORONTO , May 6, 2019 /CNW/ - Aquila Resources Inc. (TSX:...
Got this from https://marketwirenews.com/news-releases/aquila-resources-announces-state-of-michigan-issues-final-decision-and-order-upholding-back-forty-mining-permit-8122468.html
Aquila resources Announces State of Michigan Issues Final Decision and Order Upholding Back Forty Mining Permit
This is set to pop. Being held back but not for long.
Aquila's Marathon County Reef deposit is huge according to drills conducted in 2011. A repeal of a decades-old sulfide mining moratorium took effect on July 1. Wisconsin is now ready to be mined.
https://www.wpr.org/counties-prepare-potential-mining-projects-moratorium-repeal-takes-effect
Back Forty Mine
No news or updates in 3 months is Bull Shit. Stockholders don't mean shit to this fly by night outfit.
Attorney General going after Wall Street Manipulation by the Central Bank. Many will get burned.
False wall on the ask. Manipulation to hold her back.
There is a strong hold on AQARF as they ready for production.
Basement prices will soon be a thing of the past.
Literally, this one is a gold mine with plenty of zinc and silver to go around.
$AQARF Local interest has been growing as infrastructure installed.
COO Micheal Welch former President Lundin Mining, successfully set up operations for Eagle Mine located in Michigans Upper Peninsula
With more than 30 years of experience, Mr. Welch was previously the Managing Director and President of the Board of Directors for Lundin Mining Corporation's ("Lundin") Somincor Operations, which include the Neves-Corvo copper and zinc mine in Portugal. Prior to that, he was responsible for the construction completion and start-up of operations for Lundin's Eagle Mine in Northern Michigan, U.S.A. Before joining Lundin, Michael was the Vice President of Operations for Xstrata Nickel's Raglan Operation in Quebec, Canada.
Infrastructure currently being built at mining site.
Aquila Resources Commences Trading on the OTCQB Venture Market
OTC Markets Group Welcomes New OTCQB Companies – January 9
$AQARF Federal Court rejects Menominee Tribe's challenge to Back Forty Wetlands Permit
TORONTO, Canada. (WLUC) - Aquila Resources Inc. announced that on Wednesday, December 19th, the U.S. District Court for the Eastern District of Wisconsin dismissed the federal lawsuit brought by the Menominee Indian Tribe of Wisconsin.
The Tribe challenging the Environmental Protection Agency and the U.S. Army Corps of Engineers' failure to exercise jurisdiction over Aquila's wetlands permit for its Back Forty Project in Menominee County.
The Michigan Department of Environment Quality previously issued Aquila the Wetlands Permit on June 4, 2018, but the Tribe claimed that the federal government is responsible for issuing the Wetlands Permit under Section 404 of the Clean Water Act.
The Court held that the Tribe could not challenge the federal government's refusal to exercise jurisdiction over the Wetlands Permit under the Administrative Procedures Act or the Clean Water Act.
Aquila says that they will continue their efforts with the State of Michigan and local communities to demonstrate their commitment to environmental responsibility and sustainable resource development that benefits all stakeholders.
Aquila states that the Back Forty Mine will be a safe, disciplined operation that promotes and supports local community socio-economic development and is protective of the environment.
https://www.uppermichiganssource.com/content/news/Federal-Court-rejects-Menominee-Tribes-challenge-to-Back-Forty-Wetlands-Permit-503223051.html
INVESTMENT HIGHLIGHTS
Aquila’s shares trade on the Toronto Stock Exchange (TSX) under the symbol AQA and in the United States under the symbol AQARF
Aquila is advancing the development of its 100%-owned Back Forty Project, located in Michigan’s Upper Peninsula
Michigan is a well-established mining jurisdiction with a long history of mining
Aquila has been granted all four final permits from Michigan’s Department of Environmental Quality
The Back Forty Project has favorable exposure to approximately 1.1 billion pounds of zinc and 1 million ounces of gold in the M&I categories, with additional upside potential
Aquila has discovered a new mineral zone near the main Back Forty deposit that provides exploration upside
Aquila has a strong shareholder base with support from insiders as well as institutional and retail investors
Aquila going to bust loose on technicals.
Several Aquila locations now in directory along River Road with addresses and phone numbers listed. It's happening.
$AQARF - $AQA.TO News Out!
Shares Outstanding: 337,974,556
TORONTO, Nov. 12, 2018 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila" or the "Company") is pleased to announce the appointment of Mr. Jacques Perron to its Board of Directors.
Ted Munden, Chair of the Board of Directors, commented, "We are delighted to welcome a mine builder and operator with Mr. Perron's experience and leadership abilities to our Board. We look forward to benefiting from Jacques' insights as we advance the Back Forty Project through the next phases of its development."
Mr. Jacques Perron, a resident of Colorado, has worked in the mining industry for more than 30 years and has extensive technical and operations experience. Mr. Perron was appointed as a director of Centerra Gold Inc. in October 2016 and as a director of Victoria Gold Corp. in June 2018. Most recently, Mr. Perron was President, Chief Executive Officer and Director of Thompson Creek Metals Company Inc. Prior to joining Thompson Creek in 2013, Mr. Perron was President and Chief Executive Officer of St Andrew Goldfields Ltd. since 2007. Previous senior management positions included Senior Vice President of IAMGOLD Corporation from 2006 to 2007 and Vice President, Canada of Cambior Inc. from 2004 to 2006. From 1984 to 2004, Mr. Perron held a variety of increasingly senior management positions with Cameco Inc., Placer Dome Canada Limited, Breakwater Resources Ltd., Cambior Inc., JS Redpath Ltd. and Noranda Inc. Mr. Perron has also been a director of the Canadian Mineral Industry Education Foundation since 2007. Mr. Perron has a Bachelor of Science degree in Mining Engineering from l'École Polytechnique de Montréal.
ABOUT AQUILA RESOURCES
Aquila Resources Inc. (TSX: AQA) is a development-stage company with strategic assets in the Great Lakes Region. The Company's experienced management team is focused on advancing pre-construction activities for its 100%-owned zinc- and gold-rich Back Forty Project in Michigan.
Aquila's flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula. The Project contains approximately 1.1B pounds of zinc and 1M ounces of gold in the Measured & Indicated Mineral Resource categories, with additional upside potential. Aquila has received all State and Federal permissions required for the construction and commencement of operations at the Back Forty Project.
The Company has three other exploration projects: Reef Gold Project located in Marathon County, Wisconsin, the Bend Project located in Taylor County, Wisconsin and Aquila Nickel located in the Upper Peninsula, Michigan. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold.
https://aquilaresources.com/release/?id=122562
AQUILA RESOURCES ANNOUNCES THIRD QUARTER 2018 FINANCIAL RESULTS
According to the recent finns that just came out pre construction is currently being done on site and needed infrastructure will be taken care of through the end of the year into 2019.
This includes raods, drainage, settling basins, power, water, etc...
Aquila hired Michael Welch who has been appointed COO Chief Operations back in early summer. Welch is the same guy who set up the Eagle Mine for Lundin which has been in operation for a few years now. The Eagle mine is located 2 hours north of the Back Forty.
So in all reality, they hired the best man that gets the job done. The Eagle mine was also way ahead of schedule because of Michael Welch.
Can someone PM me and tell if this is worth my time for investing please? I've been watching and it's been nothing but stagnant.
Aquila is getting ready to pop. RSI is 20 and extremely oversold.
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Focused On Developing Projects In Highly Prospective Regions of North AmericaAquila Resources Inc. (TSX: AQA) (OTCQX: AQARF) (Frankfurt: JM4A) is a mineral exploration and development Company focused developing base and precious metal projects in highly prospective regions of North America. The Company is rapidly expanding its presence and moving towards an interest in production on its flagship Back Forty Project through a joint venture with HudBay Minerals Inc. (TSX:HBM - NYSE:HBM). The Company has also positioned itself for growth by acquiring new base metal deposits under an Exploration Alliance with HudBay as well as through the acquisition of 100% owned exploration properties. Leading the way is an experienced management and technical team that have identified significant high-grade base and precious metal properties.Corporate Highlights
Back Forty Project | Strategic Great Lakes Regional ExpsoureThe hard working team at Aquila Resources Newly constructed Aquila Core Shack Click here to read latest corporate press releasesFor more information visit www.aquilaresources.com |
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