Canadian Stocks

[howestreetbull]

ILI.v $ARXRF Imagine Lithium Announces a Private Placement to Raise $9.1 Million https://ceo.ca/@newsfile/imagine-lithium-announces-a-private-placement-to-raise

[howestreetbull]

SKYG.v $SRKZF Sky Gold Closes Financing https://ceo.ca/@accesswire/sky-gold-closes-financing-c02b6

[howestreetbull]

RKL.ca Rockland Resources Acquires the Wapistan Lithium Project https://ceo.ca/@accesswire/rockland-resources-acquires-the-wapistan-lithium-project

[howestreetbull]

GLM.ca $GOLXF Golden Lake Obtains Encouraging Results From Soil Sampling on Its Jewel Ridge Gold-Silver-Lead-Zinc CRD Property, Eureka County, Nevada https://ceo.ca/@accesswire/golden-lake-obtains-encouraging-results-from-soil-sampling

[howestreetbull]

AMX.v $AMXEF purring along this week ...like the weekly chart

[howestreetbull]

SKYG.v $SRKZF Sky Gold Acquires the Star Lake Nickel-Copper-Cobalt-Chrome-Platinum Group Element Property in The Shebandowan Greenstone Belt, Northwestern Ontario https://ceo.ca/@accesswire/sky-gold-acquires-the-star-lake-nickel-copper-cobalt-chrome-platinum

[howestreetbull]

GLM.ca $GOLXF Golden Lake’s Full Monty Property Returns Significant Gold, Silver, And Zinc Values in Rock and Soil Samples, Princeton, BC https://ceo.ca/@accesswire/golden-lakes-full-monty-property-returns-significant

[howestreetbull]

GLM.ca $GOLXF Golden Lake’s Full Monty Property Returns Significant Gold, Silver, And Zinc Values in Rock and Soil Samples, Princeton, BC https://ceo.ca/@accesswire/golden-lakes-full-monty-property-returns-significant

[howestreetbull]

WHN.v Westhaven Provides Final Drill Results From 2022; Drills 15.85 Metres of 0.93 g/t Gold, Including 0.72 Metres of 11.90 g/t Gold at Skoonka Gold Property https://ceo.ca/@globenewswire/westhaven-provides-final-drill-results-from-2022-drills

[howestreetbull]

SKYG.v $SRKZF Sky Gold Corp. Welcomes Mackenize Watson and Donald Hoy to Its Advisory Board
by @accesswire on 14 Mar 2023, 06:01
VANCOUVER, BC / ACCESSWIRE / March 14, 2023 / SKY GOLD CORP. ("Sky" or the "Company") (TSX-V:SKYG)(OTC PINK:SRKZF) announces the additions of Mr. Mackenzie Watson and Mr. Donald Hoy to its Advisory Board.

Mr. Watson, B.Sc., P.Eng., has over 50 years of experience in exploration, finance, development, and operations in the mining industry. Mr. Watson has spent his career in the junior mining sector, notably serving as Chief Executive Officer (CEO) of Lynx Canada Exploration Ltd. until 1985 and as Chief Executive Officer of Freewest Resources Inc. commencing in 1985, until its acquisition by Noranda in 1994. He was then CEO of Freewest Resources Canada Inc until its acquisition by Cliffs Natural Resources in 2010. Among his many achievements, Mr. Watson was awarded the Prospectors and Developers of Canada's Bill Dennis award in 1991 for his contribution in the discovery of the Harker Holloway gold mine (Ontario), the Icon-Sullivan copper mine (Quebec), the Long Lake zinc mine (Ontario), the Ellison gold deposit (Quebec) and the Hebecourt copper deposit (Quebec) and again in 2010, for his contributions to the mineral discoveries in the Ring of Fire area in Northern Ontario. Mr. Watson is also the first person to have received the Bill Dennis Award for a Canadian Discovery and/or prospecting success twice: a first time in 1991 for numerous discoveries; and again in 2009, as part of the team responsible for chromite discoveries in the Ring of Fire. He was also awarded the Quebec Prospector of the Year Award in 1992, for his participation in the discovery of the Pusticamica and Verneuil gold deposits in Quebec. In January 2015, Mr. Watson was inducted into the Canadian Mining Hall of Fame.

Donald Hoy brings over 35 years of experience, acting in both technical and senior management capacities, for junior and major mining companies. Recently, he served as President of Wolfden Resources Corporation and prior to that, as Vice President Exploration and Development for Cliffs Natural Resources Inc. as well as Freewest Resources Canada Inc. During his tenure with Freewest, he was a recipient of the Prospectors and Developers Association of Canada 2009 Bill Dennis Award, as 1 of 5 persons credited with the ‘Ring of Fire' discoveries, in northern Ontario. Mr. Hoy holds a B.Sc. degree from the University of Western Ontario and a M.Sc. degree (Mineral Exploration) from Queen's University.

Mac Watson and Don Hoy's impressive track records as explorers are particularly relevant to Sky Gold's business plan as it pertains to the newly acquired Sungold, Greenwater Lake and Kekekuab Lake properties, all situated in the Shebandowan greenstone belt in northwestern Ontario. The Shebandowan greenstone belt contains the Larose gold prospect and the Sungold copper-zinc massive sulphide prospect, 2 prominent discoveries in which Freewest and a local prospector played instrumental roles in making in 2001 and 2005, respectively. Mr. Watson and Mr. Hoy are recipients of the Northwestern Ontario Prospectors Association's, Discovery of the Year Award in 2003 and 2005, in recognition for such discoveries.

"We are very excited to have Mac Watson and Don Hoy join Sky Gold team, given their wealth of experience and knowledge in the mineral exploration business and specifically, in the area of our recent acquisitions in the Shebandowan region of Ontario." stated Mike England, CEO and President of Sky Gold Corp.

About Sky Gold Corp.

Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA for the benefit of its shareholders.

ON BEHALF OF THE BOARD

"Mike England"
Mike England, CEO, PRESIDENT & DIRECTOR

FOR FURTHER INFORMATION PLEASE
CONTACT: Telephone: [phone]
Toll Free: 1-888-945-4770

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 release.

SOURCE: Sky Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/743620/Sky-Gold-Corp-Welcomes-Mackenize-Watson-and-Donald-Hoy-to-Its-Advisory-Board

[yerboss]

[b#SUNN:CSE, Solarbank Corp Up 25% Since IPO Thursday!??
Due Diligence => ttps://lnkd.in/eDfrAKBP
Website => www.solarbankcorp.com
US Symbol To Come In Approx 45 Days
2 Pager => https://www.dropbox.com/s/x8x49q2391eztwc/SolarBank_OneSheet.pdf?dl=0

[howestreetbull]

RKL.ca Rockland Resources Identifies Large Lithium Soil Anomaly on Utah Lithium Projects https://ceo.ca/@accesswire/rockland-resources-identifies-large-lithium-soil-anomaly

[yerboss]

Heavy Buying Expected! Canadian Solar IPO Comes To Trade Thursday. Symbol To Be Posted Wednesday.

[howestreetbull]

WHN.v Westhaven Outlines Plans for 2023; Drilling to Commence Shortly on the Shovelnose Gold Property https://ceo.ca/@globenewswire/westhaven-outlines-plans-for-2023-drilling-to-commence

[howestreetbull]

GMG.v $GMGMF GMG Receives Regulatory Development Approval for Future Battery Plant
by @newsfile on 22 Feb 2023, 05:11
Brisbane, Queensland, Australia--(Newsfile Corp. - February 22, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to advise of the receipt of regulatory and local council approvals for the commercial scale manufacturing of batteries at its existing Richlands site in Brisbane Australia. To date GMG has been adhering to a research and development regulatory approval to make battery cell prototypes. In addition, this site already has council approvals that allow GMG to manufacture its graphene.

These regulatory approvals are an important step in GMG's consideration at an appropriate future time to build and operate a battery manufacturing plant at the GMG Headquarters at Richlands.

To that end, GMG continues to advance its Battery Development Roadmap, including:

Further develop, engineer, design and test battery prototype components to achieve the user-required performance data for potentially either coin cell or pouch cell battery.
Further design engineering and production testing of manufacturing systems to enable the manufacture of the prototypes in a semi or fully-automated process.
Solidification of necessary supply agreements.
Full constraints analysis of the existing building - ensuring existing warehouse and electricity supply are adequate for the final plant design and fit within the constraints of the development approval.
Delivery of the Graphene Expansion Project and review of further expansion projects as required.
Full battery prototype testing and quality assurance to international standards, regulations and approvals where required.
Work towards securing battery sales agreements.
An organisational team and financial funding requirements.
GMG's Managing Director and CEO, Craig Nicol, commented: "This is another milestone in the maturation of the Company. This allows GMG to take its battery development roadmap further with reassurance that government approvals have been granted to build and operate a plant at our existing location."

This milestone aligns with GMG's 4 critical Business Objectives, namely

Produce Graphene and improve/scale production process
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability
About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost inputs, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils.

www.graphenemg.com

For further information, please contact:

Craig Nicol, Chief Executive Officer and Managing Director of GMG at [e-mail], [phone]
Leo Karabelas at Focus Communications Investor Relations, [e-mail], [phone]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding: the Company's plans to build and operate a battery manufacturing plant at the Company's Headquarters at Richlands; the expectations regarding the growth and development of the Company, and; the Company's ability to obtain the necessary regulatory approvals to complete its current growth and development strategy.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including its personnel; the intention of the Company to research, develop and produce certain products; the ability of the Company to build and operate a battery manufacturing plant at the Company's Headquarters at Richlands; the ability of the Company to recognize its expectations regarding the growth and development of the Company, and; the ability of the Company to obtain the necessary regulatory approvals to complete its current growth and development strategy.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines; the ability of the Company to build and operate a battery manufacturing plant at the Company's Headquarters at Richlands; the ability of the Company to recognize its expectations regarding the growth and development of the Company, and; the ability of the Company to obtain the necessary regulatory approvals to complete its current growth and development strategy.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155739

[howestreetbull]

BARU.v $BARUF Baru Gold Announces $2.25 Million Financing
by @thenewswire on 21 Feb 2023, 06:10
(TheNewswire)

Baru Gold Corp.


February 21, 2023 – TheNewswire - Baru Gold Corp. (TSXV:BARU) | (OTC:BARUF) is conducting a $2.25-million non-brokered private placement consisting of up to 75,000,000 priced at $0.03 per unit. Each unit will comprise one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of $0.05 for the first year and $0.10 cents for the second year during a two year term. The financing is expected to close on or before April 7, 2023.


The use of proceeds percentage of the financing will be 13 per cent for land acquisition, 22 per cent for drilling, 7 per cent for security, 4 per cent for investor relations, 18 per cent for payments to non-arm's-length parties and 36 per cent for working capital.


Note: The company cautions readers that the any production decision made by the company will not be based on a National Instrument 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability, and, as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks, and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures, and the risk that the project's output will not be saleable at a price that will cover the project's operating and maintenance costs.


The private placement is subject to regulatory approval, and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. All funds are denominated in Canadian dollars. In connection with the private placement, the company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the exchange.


The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements.


ABOUT SANGIHE GOLD PROJECT

The Sangihe gold project is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and105,000 inferred ounces of gold, as reported in the company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia," dated May 30, 2017. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.


The Company's 70-per-cent interest in the Sangihe mineral tenement contract of work (CoW) is held through PT. Tambang Mas Sangihe (TMS). The remaining 30-per-cent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.’


Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production.


ABOUT BARU GOLD

Baru Gold is a dynamic junior gold developer with National Instrument 43-101 gold resources in Indonesia, one of the top 10 gold-producing countries in the world. Based in Indonesia and North America, Baru's team boasts extensive experience in starting and operating small-scale gold assets.


Frank Rocca, BAppSc (geology), MAusIMM, MAIG, CPI-KCMI, chief geologist of Baru Gold, is the qualified person as defined under NI 43-101 who has reviewed and approves the content of this release.


BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]


For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


Neither 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 release.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.


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

Copyright (c) 2023 TheNewswire - All rights reserved.

[howestreetbull]

ILI.v $ARXRF Just posted... Great $ILI write-up by Keith Schaefer (probably the best Canadian newsletter writer) ... cheers...hsb https://investingwhisperer.com/imagine-lithium-ili-tsxv-arxrf-otc-has-already-hit-the-lithium-jackpot/

[howestreetbull]

ILI.v $ARXRF Imagine Lithium Drills Best Intercept to Date at Jackpot 25.46 m Grading 1.21% Li2O, including 10.0 m Grading 1.88% Li2O https://ceo.ca/@newsfile/imagine-lithium-drills-best-intercept-to-date-at-jackpot

[howestreetbull]

ILI.v decent action today ...0.13 x0.135 on 4.2 M shares

Market Depth for V:ILI 14:28:38 EST - Update in 45 seconds Pause
Sym-X Bid - Ask Last Chg %Ch Vol $Vol #Tr Open-Hi-Lo Year Hi-Lo Last Tr News Delay
ILI - V 599.0 V 0.13 · 0.135 V 595.0 0.13 +0.02 18.2 4,218.1 523 380 0.115 0.145 0.115 0.17 0.05 14:24:02 Feb 09 realtime
TSX-V - V 442.5 0.13 · 0.135 317.5 0.135 +0.025 22.7 3,094.9 383 207 0.115 0.145 0.115 0.17 0.05 14:19:24 realtime
NEO ATS - U 92.0 0.13 · 0.135 104.5 0.135 +0.025 22.7 245.2 31 32 0.115 0.14 0.115 14:19:28 realtime
Alpha - A 30.0 0.125 · 0.135 10.5 0.135 +0.025 22.7 457.0 58 38 0.125 0.145 0.125 13:47:21 realtime
Omega - O 14.0 0.13 · 0.135 7.0 0.135 +0.025 22.7 149.5 19 25 0.115 0.145 0.115 14:19:24 realtime
Pure - P 0.5 0.13 · 0.14 0.5 0.14 +0.03 27.3 3.6 9 0.12 0.14 0.12 13:22:39 realtime
Chi-X - X 0.5 0.11 · 0.135 147.0 Feb 08 realtime
CX2 - H 14.0 0.13 · 0.135 8.5 0.13 +0.02 18.2 262.5 33 34 0.115 0.14 0.115 14:24:02 realtime
CXD - D 0.11 1.7 8 Feb 07 realtime
TriAct - M 0.11 3.7 27 May 06-20 realtime
Trade times are ET. News times are ET. Bid/ask/vol sizes in thousands.
Hide ATS · Portfolio
V:ILI Depth by Price @14:28:08
Bid Ask
Orders Size Price Price Size Orders
5 442,500 0.13 0.135 317,500 3
6 58,500 0.125 0.14 67,000 3
7 357,000 0.12 0.145 232,875 10
5 290,000 0.115 0.15 266,500 15
8 236,000 0.11 0.155 47,000 3
Special terms and non-boardlot orders do not appear in Depth by Price +Vertical-Columnar+Horizontal
V:ILI Depth by Order @14:28:08
Bid Ask
Broker Size Price Price Size Broker
1 Anonymous 500 0.13 0.135 53,000 7 TD Sec
2 RBC 25,000 0.13 0.135 20,000 19 Desjardins
1 Anonymous 400,000 0.13 0.135 244,500 13 Instinet
2 RBC 12,000 0.13 0.14 5,000 2 RBC
79 CIBC 5,000 0.13 0.14 50,000 9 BMO Nesbitt
1 Anonymous 500 0.125 0.14 12,000 7 TD Sec
7 TD Sec 18,000 0.125 0.145 3,175 9 BMO Nesbitt
1 Anonymous 25,000 0.125 0.145 25,000 1 Anonymous
19 Desjardins 500 0.125 0.145 92,000 7 TD Sec
85 Scotia 10,000 0.125 0.145 2,000 80 National Bank
Special terms orders and non-boardlot orders do not appear in Market Depth by Order

[howestreetbull]

GMG.v $GMGMF GMG Receives Regulatory Approval to Enable Significant Commercial Sales
by @newsfile on 13 Feb 2023, 08:00
Brisbane, Queensland, Australia--(Newsfile Corp. - February 13, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce the full and final approval of all GMG's Graphene products from the Australian Industrial Chemicals Introduction Scheme (AICIS) of the Australian Government Department of Health and Aged Care under Assessment statement CA09624.

AICIS approval allows GMG to significantly increase the production and sale of GMG graphene-enhanced products including:

Coatings: THERMAL-XR® and other industrial coatings as developed;
Automotive Fluids: G® LUBRICANT, G® COOLANT and other automotive liquids as developed;
Fuel: G® DIESEL ; and
Batteries: including for GMG's Graphene Aluminium Ion Battery.
This AICIS approval will enable the fulfilment of targeted THERMAL-XR® and G® LUBRICANT sales to industrial customers in Australia and in countries where no further international approvals are needed. Prior to this approval only smaller volumes to a restricted customer list were permitted. The subsequent targeted development of other GMG products, including Graphene Aluminium ion batteries, will similarly be enabled by AICIS with this approval - although the battery will likely need further testing and approval to international battery standards and regulations before sale.

The following conditions apply to this AICIS approval:

10 tonnes per annum of total graphene powder.
Products are to be used in a professional setting except for batteries which can also be sold to end consumers directly.
Certain maximum percentages are allowed per product type.
Environmental compliance requirements including no discharge to water ways.
GMG's CEO Craig Nicol stated, "I am very pleased to see the full and final product regulator approval for our graphene products from AICIS - enabling GMG to enter the next phase of its commercial maturation to focus on developing, marketing, selling and producing its products. This is one of the first nanomaterials approved under the AICIS regulations which came into being on 1 July 2020 with significant revised nanomaterial chemical classification and introduction changes from the previous regulator scheme and is a credit to GMG's technical staff in achieving this approval."

About AICIS

The Australian Industrial Chemicals Introduction Scheme (AICIS) helps protect Australians and the environment by assessing the risks of industrial chemicals and providing information to promote their safe use. AICIS is the national regulator of the importation and manufacture of industrial chemicals in Australia. AICIS is an agency within the Department of Health.

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, with low cost inputs, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact:

Craig Nicol, Chief Executive Officer and Managing Director of the Company at [e-mail], [phone]
Leo Karabelas at Focus Communications Investor Relations, [e-mail], [phone]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements relating to the Company's development plans.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the success of the Company's development plans.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company's resources and personnel and the accuracy of the Company's expectations regarding the Company's development plans.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154572

[howestreetbull]

BARU.v $BARUF Baru Gold Announces Closures of Illegal Mines
by @thenewswire on 10 Feb 2023, 07:30
(TheNewswire)

Baru Gold Corp.


February 10, 2023 – TheNewswire - Vancouver, BC - Baru Gold Corp (TSXV:BARU) | (OTC:BARUF) (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“TMS”) or the “Company”) is happy to announce to stakeholders and investors that the industrial-scale, illegal mining operations on Sangihe Island have stopped.

As of February 10, 2023, all known illegal mines on Sangihe Island are no longer operating. The illegal miners, virtually all non-residents, left Sangihe Island en masse. Their remaining pieces of heavy equipment are being moved off the worksites. As mentioned in our press release of January 11, 2023, the Company believes these events are directly related to the Police Chief of North Sulawesi (Kapolda) Setyo’s mission to end illegal mining across the entire region. Unfortunately, illegal miners have not undertaken any environmental remediation and left their worksites contaminated.

The Company is the only entity legally permitted to operate a gold mine on Sangihe Island.

We wish to stress to shareholders the importance of ending illegal mining on Sangihe Island. Virtually every difficulty and delay faced can be tied directly or indirectly to illegal miners that have a vested financial interest in preventing the Company from operating. Illegal miners have also spent significant sums of money to fund media campaigns, lawsuits, and protests that have resulted in physical attacks on and blockage of the Company’s equipment and staff. The departure of illegal miners is a win for the Company, local Sangihe residents, the environment, and Indonesia.

Mr. Terry Filbert, CEO of Baru Gold, commented, “For too long, Sangihe Island has been held hostage by a few individuals using the Island’s resources to enrich themselves and corrupt the social fabric and environment. The illegal miners brought nothing but corruption, violence, and environmental destruction. The gold on Sangihe should be used to provide lasting positive social and economic changes on the Island – not for nefarious purposes. The residents have now seen and felt the damage done by the illegal miners on Sangihe. In contrast, the Company pays many taxes, including payroll, property, land concession, income, and, once in production, royalties. All these taxes go to support the development of the Island and the Indonesian economy. Seventeen villages on Sangihe are still without connection to the electrical grid. Our tax contributions will flow to such villages to help electrify them – not only to a few self-interested individuals. I look forward to seeing the positive financial and social changes on Sangihe Island, while protecting the environment.”


The Company also wishes to welcome Jan Leonard de Fretes as the new Wakapolda (Vice-Regional Head) of the North Sulawesi Police. The Wakapolda is newly appointed, and like Kapolda Setyo, he has also prioritized the removal of illegal miners and dismantling the supply chain, upon which they depend, across the entirety of North Sulawesi.


ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's “Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia” (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work (“CoW”) is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit.


ABOUT BARU GOLD CORP.

Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team boasts extensive experience in starting and operating small-scale gold assets.


BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]

For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


Neither 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 release.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general

Copyright (c) 2023 TheNewswire - All rights reserved.

[howestreetbull]

ILI.v $ARXRF Imagine Lithium Produces 6% Li2O Concentrate with Low Iron Content From Metallurgical Testing at Jackpot https://ceo.ca/@newsfile/imagine-lithium-produces-6-li2o-concentrate-with-low

[howestreetbull]

BARU.v $BARUF Baru Gold Announces Gold Loan Mandate for $15 Million USD
by @thenewswire on 7 Feb 2023, 15:55
(TheNewswire)

Baru Gold Corp.


Vancouver, BC - TheNewswire - February 7, 2023 - Baru Gold Corp (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“TMS”) or the “Company”) (TSX.V:BARU) (OTC:BARUF) is happy to announce to stakeholders and investors the signing of an agreement with an Asian-based Investment and Banking Advisory Firm (the “Investment Firm”) to assist with placing a USD 15 Million gold-prepayment agreement (“Gold Loan”). The financing to be covered by the Gold Loan is in the form of a loan that is non-dilutive to shareholders. The expected date of closing is in approximately 90 days. The Gold Loan is in addition to the Private Placement announced on January 4, 2023.

The Investment Firm is headquartered in Singapore with offices worldwide and is a leading finance provider to growing companies in Southeast Asia, the Middle East and Africa. The Investment Firm has a long and successful track record of investments in Indonesia. With worldwide capital networks, they have raised over USD 1.6 Billion and worked extensively on securing financing for various mining companies and companies that trade precious metals.

The terms of the engagement of the Investment Firm include the payment of: (i) a non-refundable commitment fee of US$7,500; (ii) a non-refundable milestone fee of US$10,000 payable upon acceptance and signing of any indicative term sheet or contract with the proposed lender; (iii) a 2.75% fee based on the prepayment amount and the loan principal payable upon the closing of the loan transaction; and a 2% commission on the sale value of any gold dore sold to any purchasing parties introduced by the Investment Firm to the Company.

The primary objective of the Gold Loan is to bring the Sangihe Project into production. Most of the funding will be used to expand land acquisition, construct more heap leach pads, build additional pits and other necessary production facilities, hire security, and obtain a Merrill Crowe Plant. A Merrill Crowe Plant will significantly improve the processing speed and recovery rates of gold, allow the extraction of silver and copper, and reduce the Company’s environmental impact. Based on the metallurgical test results announced on April 11, 2022, with the utilization of a Merrill Crowe Plant, the Company expects gold recoveries of 85% and silver recoveries to reach approximately 96%.


The secondary objectives of the Gold Loan are to retire old debt and to expand the drilling and exploration program. The initial area targeted for this drilling program is covered in the Sangihe 2010 NI 43-101 report that identified 835,000 ounces of gold as an inferred resource between Binebase and Bawone villages over an approximately 1.2 kilometres of strike length. An infill drilling program will be conducted in this area to upgrade some inferred resources into indicated and measured resource status.

Thereafter, exploration drilling will continue over an additional 1.45 kilometres from Bawone to the South of Salurang and in other targeted regional areas. As announced on February 7, 2022, and February 14, 2022, The Murphy Geological Services Structural Survey identified 23 additional exploration targets and subsequent ground truth sampling at the Kingston Target revealed high-grade gold (14.60 g/t) and silver (13.60 g/t) assays. Most of the area within the Company’s Contract of Work is unexplored and a priority of the Company is to identify new targets to expand production operations.

Mr. Terry Filbert, CEO of Baru Gold, commented, “I am thrilled with this new relationship. Not only will these funds be useful on Sangihe, but hopefully, we can continue to work together in the future. For Sangihe, this capital raise will be more than enough to bring us into production and allow us to explore across targeted areas within our Contract of Work. I believe the exploration program will quickly justify constructing additional heap leach pads and pits to expand production operations. With the increased material from the heap leach pads, the Merrill Crowe Plant is exactly what we will need to scale the operation. This capital injection will allow me to grow the project into the one I’ve long envisioned, while supporting the economic growth and development on Sangihe Island. With Sangihe in production, I can then focus on the vision for the Company that our investors and I share.”

The Company appreciates the ongoing support it receives from the local residents of Sangihe, who are hoping for a better economy and safer environment, and the local government officials that are actively supporting their aspirations.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, CPI-KCMI, Chief Geologist of Baru is the Qualified Person as defined under the N1 43-101 who has reviewed and approved the contents of this release pertaining to the Sangihe Project held by the Company.


ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's “Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia” (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.


The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work (“CoW”) is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit.


ABOUT BARU GOLD CORP.

Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team boasts extensive experience in starting and operating small-scale gold assets.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, CPI-KCMI, Chief Geologist of Baru Gold Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.

BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]


For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


Neither 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 release.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance cost.


Copyright (c) 2023 TheNewswire - All rights reserved.

[howestreetbull]

SKYG.v $SRKZF Sky Gold Corp. Acquires Three Nickel-Copper-Cobalt-Platinum Group Element Properties in The Shebandowan Greenstone Belt, Northwestern Ontario https://ceo.ca/@accesswire/sky-gold-corp-acquires-three-nickel-copper-cobalt-platinum

[howestreetbull]

ILI.v $ARXRF Solid recovery week here after the breakout above the 0.095-.10c res level, SLO STO's show the power of the move, we haven't been at these levels since we ran to 0.28 in Nov 21 timeframe. MACD above 0 and rising, ADX strengthening with DI+ in extreme bullish territory both show things are on the upswing...nice. https://schrts.co/FsUzEvVf

[howestreetbull]

ILI.v $ARXRF Imagine Lithium Makes New Lithium Discovery Near Jackpot Lithium Main Zone
https://ceo.ca/@newsfile/imagine-lithium-makes-new-lithium-discovery-near-jackpot

[howestreetbull]

ILI.v $ARXRF Weekly T/A
+37.5% on the week so far, MACD on the weekly finally clearing the zero level...nice...clearing this 0.10c longstanding resistance opens the possibility of a move to test 0.135 next significant level I have , cheers,
hsb
https://schrts.co/VGZtzaZK

[howestreetbull]

GLM.ca $GOLXF Golden Lake Obtains High-Grade Gold, Silver, Lead & Zinc Assays from Sampling on Its Jewel Ridge Property, Eureka County, Nevada
by @accesswire on 19 Jan 2023, 06:03
VANCOUVER, BC / ACCESSWIRE / January 19, 2023 / Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or the "Company") (OTCQB:GOLXF) is pleased to announce the results of surface rock sampling undertaken on its flagship Jewel Ridge property (the "Property"), located in the prolific Battle Mountain-Eureka gold belt of Nevada. The Property is situated along structural and stratigraphic trend from Paycore Mineral's FAD deposit and I-80 Gold's Ruby Deeps, Hilltop, Blackjack and Archimedes deposits, all located immediately to the north of the Company's Jewel Ridge property.

Rock Sampling Highlights:

While completing geological mapping during the 2021 and 2022 field seasons, a total of 586 rock samples were collected for examination and assay1. The samples were collected from outcrop, float and rock dumps, situated over large a part of the Property. The best and most encouraging results were obtained over the western half of the Jewel Ridge land holdings (see Maps 1, 2 and 3).

Outstanding assays in all of gold, silver and Pb+Zn, highlight the prominent carbonate replacement deposit (CRD) mineralization associated with the Hamburg dolomite-Dunderberg shale contact at the Atlas shaft (8), Dunderberg decline (9), Catlin shaft (11) & Uncle Sam tunnel (14). Along this favorable one kilometre-long stratigraphic and structural trend, maximum values of 45.2 g/t Au, 547 g/t Ag & 25.2% Pb+Zn were obtained, attesting to the high-grade nature of CRD mineralization. Notably, the Hamburg dolomite is one of the most important litho-types for hosting CRD mineralization, given its brittle nature of deformation and favourable chemical properties.

The Eureka Tunnel locale (4) yielded high-grade assays over a 400-metre long trend, returning up to 11.2 g/t Au, 1,460 g/t Ag & 4.6% Pb+Zn. At this particular occurrence, CRD mineralization is known to have been overprinted by a younger Carlin-style event, resulting in an enrichment or higher-grade tenor to precious-metal mineralization.

Encouraging results were also obtained on the Elise and Lord Byron patents, close to the Alexandra shaft (6) and Sterling tunnel (7) occurrences. Here, a clustering of samples returned best values of 6.6 g/t Au, 459 g/t Ag & 5.0% Pb+Zn from CRD mineralization. Diamond drilling has never been completed in this area of the Property.

The Adelphi patent situated to the west of the Jewel Ridge property, returned excellent results from very limited sampling. Assay values of up to 38.6 g/t Au, 118 g/t Ag & 4.1% Pb+Zn were obtained, pointing to significant, largely untapped CRD mineralization potential in the El Dorado dolomite, in this area. Mineralized mantos in this locale are structurally controlled and appear to be related to the Silver-Connor fault and a NNW-trending fault.

District-Scale Implications:

Collectively, the high-grade assays obtained over the western half of the Property comprise a broad, two kilometre-wide north-trending corridor, hosting high-grade CRD mineralization. This surface mineralization is thought to be a shallow manifestation of a widespread CRD hydrothermal system situated at depth, on the Jewel Ridge property. The deeper bonanza-grade CRD intercepts over wide widths, recently obtained by I-80 Gold and Paycore Minerals, occur at depths of 500 metres and greater (Ruby Deeps & FAD deposits, respectively), underscoring a real need for deep exploration and deeper drilling at Jewel Ridge.

District-scale structures at Jewel Ridge (Jackson fault and parallel faults), delineate a structural corridor, intimately related with neighboring deposits to the north, including the FAD and historic Ruby Hill of Paycore Minerals, as well as Ruby Deeps, Hilltop, 426, Blackjack and Archimedes of I-80 Gold (see inset on Maps 1, 2 & 3). There are striking similarities, pertaining to structure, rock type and their relationships with precious and base-metal mineralization as seen at Jewel Ridge and on the properties of Paycore Minerals and I-80 Gold.

1Samples analyzed at Paragon Laboratories Inc., in Nevada, USA, using a multi-element analyses with ICP-MS analytical package (50AR, aqua regia digestion).Over limit samples were re-assayed for copper, lead, zinc and silver by ICP-OES(OLAR-OES). Gold and Silver analyses utilized 30 gram samples(Au-AA30, Ag-AA30) with over limit gold (5 ppm) and silver (100 ppm), fire assays by gravimetric finish (Au-GRAV, AG-GRAV).

Moving Forward in 2023:

In view of the relatively shallow depths of diamond drilling completed on the Property to date and the depth of high-grade CRD mineralization being encountered at the neighbouring FAD and Ruby Deeps deposits (500 to 600 metres below surface), a MagnetoTelluric (MT) geophysical survey will be undertaken at Jewel Ridge to assist in targeting future deeper drilling.

MT is a frequency-based electromagnetic survey (EM) that utilizes electric and magnetic field measurements to calculate resistivity. Resistivity lows (or conductors) respond to and reflect the presence of metallic sulphide deposits, particularly semi-massive to massive CRD deposits. Resistivity highs, map out alteration such as silicification and jasperoid, common alteration styles associated with CRD and Carlin-type deposits. MT surveys are capable of detecting sulphide bodies to depths of up to one kilometre. Such surveys have been very successful on a number of Nevada-based exploration programs targeting CRD deposits recently.

Given that the key factors governing the formation of CRD deposits involve interplay between structure, rock types and proximity to magmatic centres (causative intrusions), a high-resolution drone magnetic survey will be completed over the Jewel Ridge property as well. The survey will of great assistance in an ongoing interpretation in mapping faults, intrusive centres (Ruby Hill intrusion) as well as key contacts between respective rock types and their relationships with mineralization.

The MT and high-resolution drone magnetic survey are slated for completion in late winter-early spring due to winter access issues (drone survey) and other challenges affecting the quality of the data (MT survey). Once complete, all data will be processed, modelled in 3D and integrated with all other data, including drill assays and known zones of mineralization. It is anticipated that several quality targets will be generated by said surveys in preparation for an initial drill program, slated for the spring of 2023.

Qualified Person:

Donald Hoy, M. Sc., P. Geo., Golden Lake's Vice President of Exploration, is the Qualified Person responsible for the technical content in this news release.

About Jewel Ridge

The Jewel Ridge property is located on the south end of Nevada's prolific Battle Mountain - Eureka trend, along strike and contiguous to Barrick Gold's Archimedes/Ruby Hill gold mine to the north and Timberline Resources' advanced-stage Lookout Mountain project to the south.

About Golden Lake Exploration Inc.

Golden Lake Exploration is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.

ON BEHALF OF THE BOARD

"Mike England"

Mike England, CEO & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: [phone]
TollFree: 1-888-945-4770

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

Golden Lake Exploration Inc., Thursday, January 19, 2023, Press release pictureGolden Lake Exploration Inc., Thursday, January 19, 2023, Press release pictureGolden Lake Exploration Inc., Thursday, January 19, 2023, Press release picture
SOURCE: Golden Lake Exploration Inc.



View source version on accesswire.com:
https://www.accesswire.com/735888/Golden-Lake-Obtains-High-Grade-Gold-Silver-Lead-Zinc-Assays-from-Sampling-on-Its-Jewel-Ridge-Property-Eureka-County-Nevada

[howestreetbull]

SKYG.v $SRKZF Sky Gold Provides Update Re: Consolidation
by @accesswire on 19 Jan 2023, 06:02
VANCOUVER, BC / ACCESSWIRE / January 19, 2023 / SKY GOLD CORP. ("Sky" or the "Company") (TSXV:SKYG)(OTC PINK:SRKZF) announces that the proposed consolidation (the "Consolidation") of its common shares (the "Shares"), previously announced on December 20, 2022, will proceed, effective at the open of markets on Monday, January 23, 2023.

The Consolidation will proceed on the basis of three (3) existing Shares for one (1) new Share. Accordingly, it is anticipated that an approximate total of 28,755,532 Shares would be issued and outstanding following the Consolidation, assuming no other change in the issued capital. Any fractional Shares arising as a result of the Consolidation will be rounded down to the nearest whole number.

The Consolidation will affect all shareholders of the Company uniformly and affect all of the Company's stock options and warrants issued and outstanding at the effective date. At the time of the Consolidation, the number, exchange basis or exercise price of all stock options and warrants issued and outstanding will be adjusted to reflect the Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.

There will be no change in the Company's name, nor in its trading symbol. The post-Consolidation Shares will continue to trade on the TSX Venture Exchange under the symbol "SKYG", but with a new ISIN number (CA83085J3001) and CUSIP number (83085J300).

ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO, PRESIDENT & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: [phone]
Toll Free: 1-888-945-4770

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 release.

SOURCE: Sky Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/735864/Sky-Gold-Provides-Update-Re-Consolidation

[howestreetbull]

WHN.v Westhaven Drills 6.20 Metres of 73.51 g/t Gold and 92.37 g/t Silver Within 12.00 Metres of 39.42 g/t Gold and 51.81 g/t Silver at the Franz Zone; Shovelnose Gold Property
by @GlobeNewswire on 17 Jan 2023, 06:55
VANCOUVER, British Columbia, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce drill results from its drill campaign at its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.

Westhaven is reporting assays for 22 holes from its drill campaign at Shovelnose. An additional 10 holes are in the lab pending assays.

Gareth Thomas, President & CEO, comments: “We have now drilled greater than 450 gram-metre gold intercepts on three separate zones at Shovelnose gold property. This latest intercept at Franz (473 gram-metres gold), is 1km northwest from the hole at the FMN zone where we drilled the highest gold-silver intercept ever on the property at 857 gram-metres gold, and 2.3km from the 1.1-million-ounce gold equivalent resource at South Zone. The recent Franz drilling is significant because the mineralization starts at surface, is easily accessible, and bonanza grade. Hole SN22-333 (12.00m of 39.42 g/t Au) was collared 50m from SN20-101 (7.78m of 14.84 g/t Au) which was the best hole drilled at Franz until now. Drilling at the Franz will resume shortly with the view of stepping out to the northwest to test for the extension of this high-grade intercept."

Recent Highlights:

SN22-333 : Franz
(10.30 – 14.00m) 3.70 metres (m) of 39.27 g/t gold (Au) and 55.81 g/t silver (Ag)
(30.00 – 42.00m) 12.00m of 39.42 g/t Au and 51.81 g/t Ag, including 6.20m of 73.51 g/t Au and 92.37 g/t Ag.

SN22-334 : Franz
(7.10 – 57.48m) 50.38m of 1.09 g/t Au and 6.37 g/t Ag,
including 1.42m of 27.47 g/t Au and 119.40 g/t Ag.
These recent Franz drill results are significant because, in conjunction with previous drilling, they demonstrate the subsurface continuity of bonanza grade mineralization extending from immediately beneath the exposed bedrock outcrop to a depth of about 60m. Next steps to establish a resource within this 165m long vein system, and to potentially facilitate the collection of a larger surface sample, would be additional shallow drilling, preliminary metallurgical test work and enhanced environmental baseline studies.

Peter Fischl, Exploration Manager, comments: “Drilling continued through the Fall on Shovelnose, focusing on the FMN and Franz targets. A series of 50m spaced step-outs were completed on Vein Zone 1, tracing the zone northwestward to the Franz-FMN cross-fault. The zone and flanking rhyolite dykes are displaced by about 170m to the southwest, where they outcrop as the Franz showing. Drilling continued to Franz to confirm and better define higher grade mineralization at surface, immediately west of the cross-fault. This outcropping of Vein Zone 1 at Franz likely represents the uplift of the Franz block by tens of metres on the west side of the Franz-FMN cross-fault. The control of higher grades along Vein Zone 1 may in part be due to the presence of syn-mineral cross-structures, some of which may have been reactivated as post-mineral cross-faults, such as the Franz-FMN cross-fault. The higher grades encountered at Franz immediately west of the Franz-FMN cross-fault may be related to the intersection of Vein Zone 1 and this cross-structure. Vein Zone 1 is being reassessed for such structures, for example in the southeastern part of FMN towards the Tower Target, in an area of looser spaced drilling (100m+) that may have missed such mineralization.”

FMN (GAP) & FRANZ

Drilling commenced at FMN, working systematically northwest towards the Franz Zone, following up on both high-grade quartz-adularia vein intersections from 2021 drilling (e.g. hole SN21-161: 9.15 g/t Au over 15.97m) and broader intervals of mineralization in breccias containing quartz fragments derived from the veins. Both types of mineralization continue to be intersected and reported by Westhaven throughout the 2022 drill program.

Examples of the high-grade veins include holes;

SN22-212 (37.24 g/t Au over 23.03m; Westhaven Press Release April 06, 2022).
Examples of intersections in the secondary breccia target, which may add to the bulk tonnage potential at FMN, include;

SN22-211 (1.16 g/t Au over 42.17m; Westhaven Press Release April 06, 2022),
SN22-238 (1.51 g/t Au over 76.98m; Westhaven Press Release June 27, 2022),
SN22-278 (1.84 g/t Au over 21.90m; Westhaven Press Release September 08, 2022) and
SN22-295 (1.95 g/t Au over 25.00m; Westhaven Press Release November 08, 2022).
Based on drill results to date, FMN has potentially been drilled off to the northwest, but remains open to the southeast, back towards Tower and Alpine where drilling is at a much coarser spacing and, in a number of cases, may not have been ideally positioned. Multiple high-grade gold shoots are not uncommon in enriched epithermal systems - targeting of the appropriate paleo-elevation depositional horizon and an understanding of structural controls is key to exploration success.

Recent interpretation suggests that the Franz Zone, discovered as a surface outcrop and drilled in 2020, may be a fault offset of the FMN Zone. This increases the potential for additional mineralization to be discovered along the main trend.

Drilling at Franz, reported herein as holes SN22-333 (39.42 g/t Au over 12.00m) and SN22-334 (1.09 g/t Au over 50.38m), was designed to test the distribution of mineralization at depth within the vein structure, in conjunction with recent clearing of the original showing.

Table of results:

Hole_ID Zone From (m) To (m) Int (m) Au (g/t) Ag (g/t) High Au (ppb)
SN22-303 FMN 21.96 24.00 2.04 0.76 1.22 762
SN22-304 FMN 148.14 160.00 11.86 0.69 4.68 4010
including 148.14 150.00 1.86 2.62 21.98 4010
SN22-305 Portia no significant assay 102
SN22-306 Portia no significant assay 75
SN22-307 FMN no significant assay 205
SN22-308 FMN no significant assay 33
SN22-309 FMN no significant assay 156
SN22-310 FMN no significant assay 44
SN22-311 FMN no significant assay 126
SN22-312 FMN 140.00 144.26 4.26 0.33 1.37 432
147.40 150.05 2.65 0.46 1.48 662
SN22-313 FMN 197.00 198.90 1.90 0.31 2.02 346
SN22-314 FMN 134.00 137.00 3.00 0.27 1.30 270
SN22-315 FMN 101.20 106.04 4.84 2.06 2.36 5870
including 101.20 103.00 1.80 4.36 4.68 5870
SN22-316 FMN no significant assay 101
SN22-317 FMN 171.78 180.61 8.83 0.26 3.54 769
and 191.00 192.00 1.00 2.07 2.28 2070
SN22-318 FMN assays pending
SN22-319 FMN assays pending
SN22-320 FMN no significant assay 78
SN22-321 FMN no significant assay 30
SN22-322 FMN 166.86 169.40 2.54 0.35 10.34 376
SN22-323 FMN 115.47 116.74 1.27 0.26 31.50 262
SN22-324 FMN 215.00 218.00 3.00 0.28 4.59 278
SN22-325 FMN assays pending
SN22-326 FMN assays pending
SN22-327 FMN assays pending
SN22-328 FMN assays pending
SN22-329 FMN assays pending
SN22-330 FMN assays pending
SN22-331 FMN assays pending
SN22-332 FMN assays pending
SN22-333 Franz 10.30 14.00 3.70 39.27 55.81 100000
including 11.08 14.00 2.92 49.28 64.66 100000
and 14.00 30.00 16.00 0.25 2.75 616
and 30.00 42.00 12.00 39.42 51.81 189500
including 30.80 37.00 6.20 73.51 92.37 189500
and 42.00 60.86 18.86 0.41 6.68 1825
SN22-334 Franz 7.10 57.48 50.38 1.09 6.37 37800
including 7.10 15.00 7.90 0.62 2.47 3710
including 7.10 8.00 0.90 3.71 8.95 3710
including 33.64 47.72 14.08 0.46 3.67 1840
including 34.40 35.00 0.60 1.84 3.35 1840
including 56.06 57.48 1.42 27.47 119.40 37800
including 56.06 57.00 0.94 37.80 148.00 37800
On behalf of the Board of Directors
WESTHAVEN GOLD CORP.

"Gareth Thomas

Gareth Thomas, President, CEO & Director

Qualified Person Statement

Peter Fischl, P.Geo., who is a Qualified Person within the context of National Instrument 43-101 has read and takes responsibility for this release.

QA/QC

Core samples were prepared using the PREP-31 package in ALS’s Kamloops facility. Each core sample is crushed to better than 70% passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250 g is taken and pulverized to better than 85% passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen. 0.75g of this pulverized split is digested by Four Acid and analyzed via ICP-MS (method code ME-MS61m (+Hg)), which reports a 49-element suite of elements. All samples are analyzed by Fire Assay with an AES finish, method code Au-ICP21 (30g sample size). Additional Au screening is performed using ALS’s Au-SCR24 method, select samples are dry screened to 100 microns. A duplicate 50g fire assay is conducted on the undersized fraction as well as an assay on the entire oversize fraction. Total Au content, individual assays and weight fractions are reported. All analytical and assay procedures are conducted in ALS’s North Vancouver facility. A QA/QC program included laboratory and field standards inserted every 25 samples. At least one field blank is inserted in every batch of 25 samples, with additional blanks inserted following samples with visible gold. Westhaven’s ongoing Quality Assurance and Quality Control programs include auditing of all exploration data. Any significant changes will be reported when available.

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 release.

Westhaven has engaged the services of LFG Equities Corp. ("LFG") to provide digital media and marketing services. LFG, a Toronto based company, will provide content development, media buying and distribution, and marketing services through social media channels and online media placements to the Company. The Company and LFG act at arm's length, and LFG has no present interest, directly or indirectly, in the Company or its securities. Under the terms of the agreement, LFG will be paid $10,000 per month plus applicable taxes for a period of 3-months.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square kilometres) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at www.westhavengold.com.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68ee9fd8-2c10-4bf7-9e31-00df3cbe045d

https://www.globenewswire.com/NewsRoom/AttachmentNg/dec66a99-948d-49e3-b14d-db22c0be0899

https://www.globenewswire.com/NewsRoom/AttachmentNg/7638df45-df2f-40e9-9843-501a6a25af02



Primary Logo

Image 1

PLAN MAPS
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CROSS-SECTIONS
Image 3

CROSS-SECTIONS

[howestreetbull]

BARU.v $BARUF Baru Gold Corp Provides Update on Jakarta Lawsuit and Corrects False Information
by @thenewswire on 17 Jan 2023, 07:31
(TheNewswire)

Baru Gold Corp.


January 17, 2023 – TheNewswire - Baru Gold Corp (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“TMS”) or the “Company”) (TSXV:BARU) (OTC:BARUF) wishes to update stakeholders and investors on the legal status on its upcoming gold production project on Sangihe Island in North Sulawesi, Indonesia, and to correct false information posted online about the status of the Company’s permits and Contract of Work.

The Supreme Court of Indonesia (the “Court”) has reached a decision on two legal challenges filed against various government departments. The first lawsuit was filed in Manado, Indonesia (the “Manado Lawsuit”) against two government departments responsible for the issuance of the Environmental Permit (“AMDAL”) to the Company. The second lawsuit was filed in Jakarta against the Ministry of Energy and Mineral Resources of the Republic of Indonesia (“MEMR”) for the production license upgrade (the “Operational Permit”) issued to TMS.

As announced to shareholders on January 9, 2023, the AMDAL lawsuit was decided and was in favour of the Company. The AMDAL remains valid and the Supreme Court of Indonesia’s decision is final.


Unfortunately, on January 16th, 2023 the Company learned that the Court did not decide in favour of the MEMR for the Operational Permit. The Court has decided that the Operational Permit be cancelled. The reason for the cancellation should be released in a few days. The Company intends to reapply for a new Operational Permit from MEMR.


At this point in time, the Company does not anticipate a lengthy delay in obtaining the new Operational Permit, as the Company expects no-to-little additional work or information required to reapply. The individuals behind this attempt to impact the Company’s operations has caused no significant changes to our timeline. Drilling is anticipated shortly and is not dependent on the Operational Permit. The reissuance of the Operational Permit is expected before subsequent construction and production. The Company remains committed to gold production in 2023.


The Company wishes to note that individuals opposed to TMS operations have initiated a social media campaign that suggests the loss of the Operational Permit affects the Company’s Contract of Work and\or AMDAL, and is required to vacate Sangihe Island. These statements are entirely incorrect and is yet another example of a pattern of false information, by clearly biased individuals, to undermine the Company’s legal rights. The Company suspects these individuals are making such claims to panic our shareholders, manipulate uninformed organizations and individuals, and to exaggerate what is only a minor setback for the Company. We unequivocally reiterate, this court ruling has no impact on the Company’s AMDAL and the Contract of Work, as both are valid and in full force.


Mr. Terry Filbert, CEO of Baru, commented, “Although regrettable, this is only a small and inconsequential incident and just another example of the questionable opposition to the legal operation of TMS on Sangihe. I’m obviously still very happy that the Supreme Court’s final decision was to reaffirm the validity of the AMDAL. The AMDAL is a requirement for the issuance of the Operational Permit. With the AMDAL still in full force, it will be fairly straightforward to address any outstanding concerns and we will simply reapply for a new Operational Permit. This will get fixed. We are working very closely with MEMR to expedite the permitting process. For accurate information, please refer to our official press releases and not a group of individuals that has repeatedly and continues to produce outright lies and false statements about our operation.”


It should be noted, Sangihe Island has a history of rampant illegal mining that has heavily polluted the environment, including the dumping of mine tailings into the ocean, reefs, and mangroves, and the polluting of the river and ocean with mercury. These illegal miners have had no permits and are largely not residents of Sangihe Island. Further, they have a history of intimidation of the members of the Sangihe community, they pay lower than industry wages, do not contribute to the local economy, have no regards for staff safety, have resulted in irreparable environmental damages, and do not pay federal royalties or taxes.

In contrast, the Company has conducted itself, and will continue to conduct itself, in accordance with all laws, rules, and regulations. We do so with the utmost transparency, and with respect for the local community and for the environment. The Company has published their Environmental, Social and Governance policies that show how we will make positive contributions to the health, well-being, and quality of life of Sangihe’s residents, and protect the environment.

The Company appreciates the ongoing support it receives from the MEMR with whom we are working closely to rectify and obtain a new Operational Permit.

ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work ("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit.

ABOUT BARU GOLD CORP.

Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team boasts extensive experience in starting and operating small-scale gold assets.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, CPI-KCMI, Chief Geologist of Baru Gold Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.

BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]

For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


Neither 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 release.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.


Copyright (c) 2023 TheNewswire - All rights reserved.

[howestreetbull]

BARU.v $BARUF Baru Gold Update on Removal of Illegal Miners
by @thenewswire on 11 Jan 2023, 07:30
(TheNewswire)

Baru Gold Corp.


January 11 2023 – TheNewswire - Baru Gold Corp. (“Baru” or the “Company”) (TSXV:BARU) (OTC:BARUF) and subsidiary PT Tambang Mas Sangihe (“TMS”) are pleased to update shareholders on positive changes related to our project on Sangihe Island (“Sangihe”).


Direct physical confrontation and indirect actions by both illegal miners and their supporters have prevented TMS from operating on Sangihe. In October 2022, National Police Chief Listyo Sigit Prabowo appointed Setyo Budiyanto as Kapolda (Police Chief) of the North Sulawesi Provincial Police. Kapolda Setyo previously served as Director at the Corruption Eradication Commission of Indonesia. Kapolda Setyo has announced his crime reduction agenda and is prioritizing the removal of all illegal mining operations in North Sulawesi, which includes the island of Sangihe.


Before Kapolda Setyo’s appointment, the number of illegal miners on Sangihe were steadily increasing. The illegal miners eventually reached over 500 individuals using 13 heavy machine excavators across two different mine sites totalling approximately 20 hectares. These industrial-scale operations have no permits nor legal recognition. The activities of the illegal miners are plainly visible and includes the transportation of heavy equipment on public roads. The illegal miners are primarily non-resident, use the most harmful mining techniques, undertake no environmental remediation, contribute no tax revenue nor local employment.


The illegal miners have a history of physical violence and intimidation. Recently, two reporters from the national magazine Gatra wrote about their encounter with the illegal miners on Sangihe. While documenting the work sites, the reporters were surrounded, intimidated and confined. After a lengthy confrontation, the reporters were released only after they destroyed photograph evidence of the illegal mining operations. The staff of TMS have also been threatened and violently attacked. The use and threats of violence is criminal and appropriate charges have been filed, and legal action is underway. The Company is thankful the reporters were eventually released, and our staff have made a full physical recovery.


The clearly criminal actions of these illegal miners are unacceptable and no longer tolerated. Kapolda Setyo recently announced operations across North Sulawesi to expel and dismantle the supply chain on which the illegal miners depend. Kapolda Setyo has already laid charges against individuals who were purchasers of illegally mined gold in North Sulawesi.


Until the recent police activity, there have been no serious effort to block, interfere or stop the operations of illegal mines. The Company has reported the relatively few remaining illegal miners on Sangihe and has received assurances their removal is imminent. The Company looks forward to resuming both drilling and production-related operations.



Baru Gold CEO, Terry Filbert, commented, “I would like to personally welcome and thank Kapolda Setyo Budiyanto for protecting the residents on Sangihe Island. Kapolda Setyo’s actions against illegal miners, their supporters, supply chain and purchasers will stop the unchecked environmental destruction, economic plunder and culture of violence and intimidation that the 250,000 residents on Sangihe have been forced to endure. For the first time, TMS is beginning to receive the necessary support and security from the North Sulawesi Provincial Police to protect our operational activities, employees and suppliers. I am grateful for the prioritization of TMS legal operations over illegal ones. TMS permits and licences are valid, we are compliant with the law in all respects and committed to sustainable development practices that balances the economic needs of Indonesia with environmental protection.”


The Company will continue to ensure the laws of Indonesia and the obligations within our Contract of Work are upheld.


ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work ("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The Company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production.

ABOUT BARU GOLD CORP.

Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team boasts extensive experience in starting and operating small-scale gold assets.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, CPI-KCMI, Chief Geologist of Baru Gold Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.


BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]

For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


Neither 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 release.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.


Copyright (c) 2023 TheNewswire - All rights reserved.

[howestreetbull]

WHN.v Westhaven Drills 5.66 Metres of 6.83 g/t Gold and 1.90 Metres of 21.15 g/t Gold at the Skoonka Creek Gold Property https://ceo.ca/@globenewswire/westhaven-drills-566-metres-of-683-gt-gold-and-190

[howestreetbull]

GMG.v $GMGMF GMG Provides Projects Team Update
by @newsfile on 9 Jan 2023, 06:00
Brisbane, Queensland, Australia--(Newsfile Corp. - January 9, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide an update to the composition of the Company's leadership, technical and projects teams intended to support and accelerate the Company's next phase of development.

GMG believes there are important business opportunities related to GMG's targeted 'energy saving' and 'energy storage' solutions, which continue to provide strong encouragement for the Company to invest resources to drive targeted sales from its energy saving business and support the continued maturation of GMG's graphene-Aluminium Ion battery technology.

To better support and accelerate these opportunities the previously separate Technology and Projects teams will be combined into the Projects Team to better integrate the R&D of graphene production with development of the graphene production plant, the liquid graphene blend plant and the targeted development of the automated battery manufacturing pilot plant. This change is aimed at enhancing opportunities for improvement in process technology and project delivery and accelerate time to market for our future projects.

In connection with this change in team composition, GMG is pleased to announce that Bobby Bran has been promoted to the role of Chief Projects Officer, leading the combined Technology and Projects teams. Bobby has been with GMG for over 4 years most recently as Production Manager and Head of Major Projects. Mr Bran has over 10 years of experience delivering large-scale multi-million dollar civil engineering projects on behalf of several major contractors. Bobby has experience in a diverse range of disciplines with expertise in project leadership and management - including safety in construction.

Jeffrey Morris former Chief Technology Officer has left GMG to pursue other opportunities and the Company thanks him for his tireless efforts over the last two years to progress the automation and development of the graphene production process.

GMG's CEO Craig Nicol stated, "I am very pleased to see Bobby promoted to the role of Chief Projects Officer leading the combined Projects and Technology teams. This new combined team will improve our engineering capability to deliver our future production assets."

GMG's Chair Guy Outen stated, "I congratulate Bobby on his promotion to Chief Projects Officer and look forward to his continuing strong leadership of a talented team to further leverage GMG's technical capabilities to enhance and accelerate our commercial aspirations."

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at [e-mail], [phone]
- Leo Karabelas at Focus Communications, [e-mail], [phone]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements relating to the Company's development plans and the Technology and Projects teams combining into the Projects Team.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the effectiveness of Company's deployment of resources, the success of the Company's development plans and the successful combination of the Technology and Projects teams into the Projects Team.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company's resources and personnel, the accuracy of the Company's expectations in the energy saving and storage space and the successful combination of the Technology and Projects teams into the Projects Team.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150696

[howestreetbull]

BARU.v $BARUF Baru Gold Update On Successful Final Appeal of Lawsuit https://ceo.ca/@thenewswire/baru-gold-update-on-successful-final-appeal-of-lawsuit

[howestreetbull]

SKYG.v $SRKZF Newfoundland neighbour upping their game...New Found Increases Queensway Drill Program to 500,000 Meters NFG.v NFGC https://ceo.ca/@businesswire/new-found-increases-queensway-drill-program-to-500000

[howestreetbull]

BARU.v $BARUF Baru Gold Announces $1.5 Million Financing https://ceo.ca/@thenewswire/baru-gold-announces-15-million-financing

[howestreetbull]

SKYG.v $SRKZF Sky Gold Announces Consolidation
by @accesswire on 20 Dec 2022, 17:02
VANCOUVER, BC / ACCESSWIRE / December 20, 2022 / SKY GOLD CORP. ("Sky" or the "Company") (TSXV:SKYG) (OTC PINK:SRKZF) announces a proposed consolidation (the "Consolidation") of its common shares (the "Shares") on the basis of three (3) existing Shares for one (1) new Share. Currently, a total of 86,266,597 Shares are issued and outstanding. Accordingly, if put into effect on the basis of three (3) existing Shares for one (1) new Share, an approximate total of 28,755,532 Shares would be issued and outstanding following the Consolidation, assuming no other change in the issued capital.

Management of the Company believes that the Consolidation will increase the Company's flexibility and competitiveness in the market place and make the Company's securities more attractive to a wider audience of potential investors, thereby resulting in a more efficient market for its Shares. Sky is currently assessing numerous properties in the critical minerals space in an effort to strengthen the company's project portfolio. There is no guarantee or assurance that Sky will identify or acquire additional mineral properties.

The Consolidation will affect all shareholders of the Company uniformly and affect all of the Company's stock options and warrants issued and outstanding at the effective date. At the time of the Consolidation, the number, exchange basis or exercise price of all stock options and warrants issued and outstanding will be adjusted to reflect the Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.

Completion of the Consolidation is subject to the acceptance of the TSX Venture Exchange.

ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO, PRESIDENT & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: [phone]

Toll Free: 1-888-945-4770

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 release.

Forward-Looking Statements
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including with respect to the completion of the Consolidation or the identification or acquisition of additional mineral assets. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.

SOURCE: Sky Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/732691/Sky-Gold-Announces-Consolidation

[howestreetbull]

SKYG.v $SRKZF Newfoundland neighbour... NFG.v $NFGCNew Found Closes $50 Million Bought Deal Financing, Led by Eric Sprott https://ceo.ca/@businesswire/new-found-closes-50-million-bought-deal-financing

[howestreetbull]

GMG.v $GMGMF GMG Invests $AU 600,000 to Accelerate Battery Pouch Cell Customer Testing & Development in 2023
by @newsfile on 12 Dec 2022, 06:00
Brisbane, Queensland, Australia--(Newsfile Corp. - December 12, 2022) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG " or the "Company") is pleased to provide an update on its ongoing investment in the Company's Battery Development Centre ("BDC"). The GMG Board has approved an additional $AU 600,000 in capital expenditure, to accelerate the progress of semi-automatic pouch cell prototype production in the BDC for customer trials and Graphene Aluminium Ion (G+AI) Battery cell development. The Company has also successfully increased its organisational capacity by attracting new staff experienced in pouch cell manufacturing, thereby enabling the acceleration of its battery performance optimisation programme.

GMG believes its pouch cells could be used in a wide range of potential applications, including:

personal communication devices,
internet of things (IOT) sensors,
personal mobility devices,
energy storage,
high power industrial applications,
electric aviation,
electric vehicles, and
personal electronics.
Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/147626_d4942a5f64f5fbba_001full.jpg

GMG Pouch Pack Cell Prototype

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/147626_d4942a5f64f5fbba_001full.jpg

GMG's Managing Director and CEO, Craig Nicol, commented: "This investment adds to our existing pouch cell manufacturing capabilities and together with GMG's internal expertise the Company is now focused on progressing collaborative partnerships with several potential battery customers to further accelerate commercial development work in 2023."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/147626_d4942a5f64f5fbba_002.jpg

GMG Battery Development Centre

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/147626_d4942a5f64f5fbba_002full.jpg

The additional CAPEX expenditure will assist with future optimisation, prototype development and production, and assembly times in the BDC. The additional equipment is expected to be operational in Q2 2023.

GMG will continue to work with various scientific and engineering methods to optimise capacity, energy and power density, and overall design of coin cell and/or pouch cell products.

About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils.

For further information, please contact:

Craig Nicol, Chief Executive Officer and Managing Director of the Company at [e-mail], [phone]
Leo Karabelas at Focus Communications Investor Relations, [e-mail], [phone]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the expectation that the Pilot Battery Plant will allow the Company to develop, manufacture and test its own G+AI Battery coin cell and pouch packs in-house and that such capability may accelerate the development of the Company's G+AI Batteries; the expectation that additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format will arrive in January 2022; GMG's expectations relating to construction of an initial commercial coin cell G+AI Battery manufacturing facility, production and sales of G+AI Batteries and the anticipated timing of such events; the proposed location of the anticipated manufacturing facility; and the potential full commercialization of the Company's technology.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including its personnel; the intention of the Company to research, develop and produce certain products; the ability of the Company to acquire additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format and the timeline for such acquisition; the ability of the Company to complete construction of an initial commercial coin cell G+AI Battery manufacturing facility, including obtaining necessary permits; timing of anticipated construction; and fluctuations in the market for graphene.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines; the ability of the Company to acquire additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format in a timely manner; the costs associated with commissioning a pouch cell G+AI Battery manufacturing and testing equipment; the ability of the Company to obtain necessary production permits; the continued demand for graphene; sufficient demand for the Company's products; and that in-house production of G+AI Batteries by the Company will be cost-effective.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147626

[howestreetbull]

SKYG.v $SRKZF Newfoundland neighbour out with a sweet financing announcement. New Found Gold Corp. Announces C$50 Million Bought Deal NFG.v $NFGC Financing https://ceo.ca/@globenewswire/new-found-gold-corp-announces-c50-million-bought

[howestreetbull]

BARU.v $BARUF Baru Gold Cancels Previously Announced Financing
by @thenewswire on 1 Dec 2022, 07:30
(TheNewswire)

Baru Gold Corp.


December 1, 2022 – TheNewswire - Baru Gold Corp (TSXV:BARU) | (OTCQB:BARUF) (“Baru” or the “Company”) announces that the Company will not be proceeding with the proposed non-brokered private placement that was previously announced on October 12, 2022. The Company may announce a new non-brokered private placement in the future however is currently considering alternate forms of funding.


ABOUT SANGIHE GOLD PROJECT


The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work ("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The Company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production in 2022. Construction at Sangihe gold heap leach project is currently underway.

ABOUT BARU GOLD CORP.

Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team of mining and finance professionals boasts extensive experience in starting and operating small-scale gold and coal assets.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, CPI-KCMI, Chief Geologist of Baru Gold Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.

BARU GOLD CORP


Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
[e-mail]
[phone]

For investor contacts more information, please contact:


Kevin Shum

Investor Relations

[e-mail]
647-725-3888 ext 702


Neither 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 release.


Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.


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

Copyright (c) 2022 TheNewswire - All rights reserved.

[howestreetbull]

ILI.v $ARXRF Imagine Lithium Reports up to 2.88% Li2O from Channel Samples 1 km Southwest of Jackpot Main Zone https://ceo.ca/@newsfile/imagine-lithium-reports-up-to-288-li2o-from-channel

[howestreetbull]

SKYG.v $SRKZF Newfoundland neighbour out with some stunning intercepts ... $NFGC NFG.v New Found Intercepts 42.6 g/t Au Over 32m at Keats West, Includes High-grade Interval of 171.6 g/t Au Over 6.5m https://ceo.ca/@businesswire/new-found-intercepts-426-gt-au-over-32m-at-keats

[howestreetbull]

WHN.v Westhaven Completes Its Inaugural Drill Program at Skoonka Creek Gold Property; Extends Vein Zone by 940 Metres https://ceo.ca/@globenewswire/westhaven-completes-its-inaugural-drill-program-at

[howestreetbull]

ILI.v $ARXRF Imagine Lithium Hires SGS Lakefield for Metallurgy Testing on Jackpot Lithium Property and Provides Corporate Update https://ceo.ca/@newsfile/imagine-lithium-hires-sgs-lakefield-for-metallurgy

[howestreetbull]

GMG.v $GMGMF GMG Announces $5 Million Bought Deal Unit Offering
by @GlobeNewswire on 8 Nov 2022, 18:23
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

BRISBANE, Australia, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Graphene Manufacturing Group Ltd. (TSX-V: GMG) (“GMG” or the “Company”), is pleased to announce that it has entered into an agreement pursuant to which Eight Capital as lead underwriter and sole bookrunner, together with a syndicate of underwriters (collectively, the “Underwriters”), will purchase 1,819,000 units of the Company (the “Units”), on a “bought deal” basis pursuant to the filing of a short form prospectus, subject to all required regulatory approvals, at a price per Unit of $2.75 (the “Issue Price”) for gross proceeds of $5,002,250 (the “Offering”).

Each Unit shall be comprised of one ordinary share in the capital of the Company (a “Share”) and one ordinary share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Share at an exercise price of $3.35 for a period of 48 months following the closing date of the Offering.

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 15% of the Units at the Issue Price, and/or the components thereof, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering.

The Company intends to use the net proceeds of the Offering for growth initiatives, working capital and general corporate purposes.

The closing date of the Offering is scheduled to be on or about November 29, 2022 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “TSXV”) and the applicable securities regulatory authorities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state 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, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.

GRAPHENE MANUFACTURING GROUP LTD.
Per: “Craig Nicol”
Craig Nicol
Chief Executive Officer and Managing Director

About GMG
GMG is a disruptive Australian-based clean-tech company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance enhanced HVAC-R coating system.

For further information, please contact:

- Craig Nicol, Chief Executive Officer, and Managing Director of GMG
[e-mail]
[phone]

- Leo Karabelas at Focus Communications Investor Relations (FCIR)
[e-mail]
[phone]

Neither 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 release.

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. In particular, this news release contains forward-looking information pertaining to the following: the likelihood of completion of the Offering, the use of proceeds from the Offering, the anticipated closing date of the Offering and the ability to obtain the necessary regulatory authority and approvals in connection with the Offering.

In making the forward-looking information in this release, GMG has applied certain factors and assumptions that are based on GMG’s current beliefs as well as assumptions made by and information currently available to GMG. Although GMG considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. Such factors include, among others: the inability to obtain the necessary regulatory approvals from the applicable securities regulators or obtain the approval of the TSXV in connection with the Offering, the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the inability of the Company to apply the use of proceeds from the Offering as anticipated; the ability of the Company to achieve its corporate objectives or otherwise advance the progress of GMG; an inability to predict and counteract the effects of COVID-19 on the business of the Company; general market and industry conditions; and those risks set out in the Company’s public documents filed on SEDAR.

Readers are cautioned not to place undue reliance on forward-looking information. GMG does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.

[howestreetbull]

WHN.v Westhaven Drills 25.00 Metres of 1.95 G/T Au and 5.61 G/T Silver, Including 6.61 Metres of 4.64 G/T Gold and 9.36 G/T Silver at the Shovelnose Gold Property https://ceo.ca/@globenewswire/westhaven-drills-2500-metres-of-195-gt-au-and-561

[howestreetbull]

ILI.v $ARXRF weekly looks like 3rd time challenging this 0.095/0.10 resistance area...3rd time lucky ? time will tell, some technical green shoots ACC/DIS breaking out... ADX shows DI+ on top with the signal strengthening #bullish also PMO and Prings KST both recently crossed into bullish territory signalling strength ahead. https://schrts.co/vwuKytFm

[howestreetbull]

ILI.v $ARXRF neighbour RCK.v plans to put their Georgia Lakes ppty into production in 2024 as outlined in this recent interview... https://www.northernontariobusiness.com/mining-the-northwest/mining-the-northwest-charged-up-lithium-explorers-move-toward-mine-production-6011455