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$CBDW and Adnexus partnership news...
https://finance.yahoo.com/news/adnexus-biotechnologies-partners-1606-corp-120000325.html
EGTK is setting itself up for a major RUN!
UPL , i am calling it a multi day RUN. hop on it.
get in from .653 NOW !
if you are in WATT this morning . good job , ride to $ 10. this a multi day run.
here is your miday pick = ADNY . Hop on it.
RBIZ will be HOT Monday and most all next week. up 270% on something like 14 x Times Normal Volume on Strong Earnings News
" Realbiz Media Group/Verus Foods Reports Q2 Fiscal 2018 Results, Provides Corporate Update "
https://finance.yahoo.com/news/realbiz-media-group-verus-foods-201413784.html
; )
FNRC going to be a high flyer this week. Up to 4 on BOB. Few more posts and we will be 1
TAMPA, FL--(Marketwired - March 22, 2018) - MagneGas Corporation ("MagneGas" or the "Company") (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today the Company has made a non-refundable deposit of $1.0 million toward the purchase of Trico Welding Supplies, Inc. ("Trico"). Trico is a $5.5 million revenue industrial gas and welding supply distributor with two locations in Sacramento, California. The Company and Trico anticipate the transaction will close within 3-5 business days assuming no unforeseen delays.
"The purchase of Trico will mark a critical next step in our acquisition plans," commented Ermanno Santilli, CEO of MagneGas. "We have consistently emphasized the importance of our acquisition strategy to accelerate our growth plans in the California and Texas markets. The addition of an exceptional sales team at Trico will be a key milestone in our expansion in northern California. As our primary west coast distribution partner for MagneGas2® for the past three years, we are intimately familiar with Trico, and we are very excited to augment their growth opportunities in the northern California market. We are already working through the logistics to establish a MagneGas production facility in the area, and we expect MagneGas2® to be a major competitive advantage in California, where renewable energy solutions such as ours are extremely well received. We are excited to leverage our expanded capabilities to drive organic growth for years to come."
"This acquisition of Trico is attractive to MagneGas for many reasons," commented Scott Mahoney, CFO of MagneGas. "The opportunity to acquire an exceptionally well run, profitable business in a prime market made sense strategically. Additionally, the combined scale of MagneGas with Trico provides us greater buying power for products, thereby improving margins and enabling us to pursue larger national accounts. Lastly, we have increased our revenue per share by approximately 65%, from about $0.85 of revenue per share after the Green Arc acquisition, to an estimated $1.40 of revenue per share once the acquisition is completed. We believe we are clearly demonstrating a path to generate rapid revenue growth, near term positive EBITDA, and ultimately positive earnings per share. This strategy is clearly paying off; once we close the transaction we will have increased our revenues per share by almost ten-fold from the end of 2017."
New Tech Could Be A Game Changer For The Lithium Sector
NEWS PROVIDED BY
OilPrice.com
08:00 ET
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LONDON, March 20, 2018 /PRNewswire/ --
FN Media Group Presents OilPrice.com News Commentary
A new company-with a breakthrough technology-has the potential to reshape lithium production in the same way fracking reshaped oil production. Included in today's commentary: Pretium Resources (NYSE: PVG), Magna International (NYSE: MGA), Endeavor Silver (NYSE: EXK), Teck Resources (NYSE: TECK) , Cameco Corporation (NYSE: CCJ).
In fact, as reported by USA Today, International Battery Metals' (IBAT: RHHNF) incoming Chief Executive Officer (CEO), John Burba, was offered $325 million by Elon Musk for Burba's previous company and its second-generation technology. A major New York investment banking firm, however, valued that company and the second-generation technology at $2.5 billion, seven times what was being offered. A deal was never completed.
Since then, Burba and a hand-selected team of experts have agreed to move over to IBAT, bringing with them their newly invented third-generation technology specifically directed at oil field brines.
This could be a significant opportunity for early investors.
The global battery market is set to hit $120 billion in less than two years, and there's a massive investor opportunity here in lithium-but this isn't a mining play, it's a tech play all the way.
As lithium continues to enjoy the status of one of the hottest metals on the market, and as producers race to the finish line to bring new supply online, IBAT stands out-front and center-because it will soon be sitting on a proprietary advanced technology that could push lithium extraction into the production stage rapidly. It has signed an agreement with NAL and SAL to acquire the proprietary advanced (third-generation) intellectual property and technology for oil field lithium extraction processes.
Where traditional solar evaporation technology takes up to 24 months to extract lithium from the brine, the technology to be acquired by IBAT can do it in 24 hours, according to Burba. That would put IBAT at the forefront of new lithium supplies coming online to meet the demand for energy transition for everything from mainstreamed electric vehicles (EVs) to massive energy storage solutions and a consumer electronics market that is growing by leaps and bounds.
The lithium game isn't about exploration, it's about innovation-and this proprietary third-generation technology was co-invented by the same game-changing inventor-Burba- that came up with a similar tech for FMC Corp., one of the world's four top lithium producers.
Here are four reasons to keep a close eye on International Battery Metals (IBAT: RHHNF)
#1 Time is Money
The technology IBAT is acquiring-and may consider partnering with third-party lithium producers-could be a significant key to unlocking $84 billion in lithium brine resources by producing lithium faster and more cheaply.
The ambitious targets for electric vehicle (EV) deployment and energy-storage applications require massive lithium mining capacity to be built faster than current technologies allow.
That's the chief reason why companies are aggressively pursuing new resources such as jadarite and hectorite clay, and more importantly, oil field brines. Lithium brine deposits are estimated to contain 66 percent of the world's 14 million metric tonnes (MT) of Lithium. That's $84 billion worth of lithium at current prices.
Unfortunately, the recovery of lithium from brine deposits is a painfully slow process. Traditional solar evaporation technology is an extremely time-intensive process, with production cycles that can take up to 24 months.
Instead of going the traditional route of trying to isolate lithium by removing all of those complex ions, the IBAT technology removes the lithium directly.
According to Burba, the process takes the lithium out of the brine on a continuous basis. As the brine passes through the system, the lithium is collected while impurities flow right through and go straight back into the ground. The end-product is a diluted stream of lithium chloride and water that comes out as the brine goes by. That solution, which has a smaller volume and far fewer impurities than the original brine, is far easier to process.
The new technology Burba and his team will be implementing for IBAT creates a lithium extraction process that reduces an 18-24 month process to just one day., according to Burba
This paradigm-shifting technology could be highly disruptive, offering the fastest-to-production lithium brine extraction solution available anywhere. Faster means more efficient and more cost effective.
#2 Inventor/CEO + Technical and Commercial Dream Team
Inventor John Burba-a veteran in lithium extraction-is the incoming IBAT (IBAT: RHHNF) Chairman and CEO, and he's one of the most important pioneers in lithium extraction technologies. He is considered a genius in this space.
IBAT's to-be-acquired technology is based on a tech that Burba co-invented and sold in the 1990s when he was a leading technology figure at giant FMC.
Before Burba came along, everyone thought that lithium could be produced from only a limited number of brines.
That's where Burba's genius came into play. FMC has been using Burba's "old" first-generation methods for nearly 20 years, and FMC is responsible for making the purest primary lithium carbonate in the world. It's even earned its own lithium label: "FMC-grade" lithium carbonate.
This inventor/CEO has already revolutionized lithium processing once. Now he's bringing other lithium industry veterans with him, and they are determined to do it again, this time leading a company that promises to pack a professional punch.
#3 IBAT Hits the Brine, Running
Entering the lithium business just this year, IBAT (IBAT: RHHNF) has hit the ground running and has reason to be confident in the commercial viability of its advanced technology. Who wouldn't be with the genius in this space who helped design FMC's super-efficient lithium extraction process and his hand-picked designers and professionals?
Oil field brines are a potentially staggering resource. Lithium has been found extensively in North American oil field brines, and Burba and his team have evaluated hundreds of these fields. Lithium is best produced from the right brine, so, this way, once IBAT finds the best brine out there, they will be ready to strike. Again, this could like a potential shale revolution - but for lithium.
IBAT anticipates that by 2020 it will become a supplier of various battery metals. And by then, well, demand should be out of this world.
#4 Supply and Demand
With global battery demand predicted to rise 7.7 percent to $120 billion by 2019, and with the lithium market alone set to reach $1.7 billion, this market won't wait for evaporating ponds.
The global lithium-ion (Li-ion) market is expected to exceed $46 billion by 2022, growing at nearly 11 percent CAGR. What the world needs right now is a plentiful supply of high-grade lithium to power the unfolding EV revolution.
There's more upside risk here because of the incredible battery demand, according to Bloomberg New Energy Finance's Andrew Grant.
A Tesla 70kWh Model S battery pack contains 63 kg of lithium, equivalent to the amount of lithium in 10,000 cellphones. Tesla will use up the entire world's current supply of battery-grade lithium when it hits a production clip of 500,000 Model 3s in its giant Nevada gigafactory sometime in 2018. When Tesla opens up its four more planned gigafactories, there just will not be enough lithium to go around.
The Bottom Line? This is Burba's Brine
Technology has significantly improved in the past thirty years. Burba and his team have vastly improved their technology too - and Burba's first-generation technology already completely powers lithium production for FMC. The second-generation technology was also valued at at least $325 million.
With the same inventor and his hand-selected brain trust of lithium experts behind the third-generation of this technology soon to be all working together at the helm of IBAT, confidence runs high.
Before the explosive entrance of the lithium-ion battery, getting lithium from other sources like oil field brine wasn't so urgent. Now, as EVs become part of the mainstream - and with talk of massive energy storage solutions and advancing consumer electronics, there seems to be no end to demand for lithium in site - the brine is the new battlefield. IBAT (IBAT: RHHNF) should be soon poised to deliver the most decisive weapon.
Also MSPC bounce play could retest .0014 . I am looking to make a quick 20% here today.
Thank for posting on THE DAILY TRADE . Yep FNRC is ready.
Hop on MNGA now @ 1.04 -- 1.05 you won't regret it!
Check out FNRC board. I think it’s time to go. Lots of posts today. Some groups jumped on and is pumping.
This New Technology Could Transform The Oil Industry
By Ian Jenkins - Mar 04, 2018, 6:30 PM CST
oil industry
Across the world’s big energy markets, the energy war rages on.
OPEC and U.S. producers have been competing for years, but it’s now clear who’s winning this fight.
American production of crude oil rose to an all-time high, surpassing 10 million bpd. In February, the International Energy Agency predicted that U.S. shale output could meet all new global demand, thanks to its “extraordinary growth.”
In the battle for global market share, the U.S. is winning, as Saudi exports reach their lowest levels since the 1980s.
As Saudi Arabia is forced to maintain costly production cuts, the United States has embraced an energy revolution.
OPEC cuts, led by the cartel’s leader Saudi Arabia, have propped up prices, but there’s no question how U.S. companies have come out on top.
By embracing new technologies, innovations in upstream and downstream, and achieving maximum efficiency, American companies on the shale patch and elsewhere have unlocked American energy potential.
But while shale has been the big story, it’s really just the beginning.
One little company is preparing to take U.S. energy to the next stage: unlocking oil trapped in U.S. oil sands for as little as $22/barrel and using blockchain-based supply-chain management to improve efficiency and cut out the middlemen.
The company is Petroteq Energy Inc. (TSX:PQE.V; OTCQX:PQEFF), and it’s here to help take U.S. energy dominance to the next level.
Petroteq doesn’t want to just produce oil from oil sands much more cheaply—it intends to license advanced technology globally, targeting not only the 1 trillion-plus barrels of oil equivalent in sands in Utah, Colorado and Wyoming, but the trillions of barrels worth everywhere around the world.
Plus, Petroteq is harnessing the hotter-than-hot Blockchain sector to transform energy market deals and data.
Now, with oil prices rising and predictions of future upwards movement and new tech winning the war for North America, here are 5 reasons to watch Petroteq (TSX:PQE.V; OTCQX:PQEFF) very closely:
1) 87 Million Barrels of Oil Equivalent
Oil sands don’t have the best reputation: people tend to think of oil sand extraction as dirty and expensive.
The tar sands of Canada, one of the biggest petroleum deposits on earth, were so expensive to exploit that most majors had to divest from their holdings there after the oil price crashed in 2014.
But Petroteq is getting ready to change that, thanks to a phenomenal resource in Utah and an innovative new method for extracting oil sands crude.
The State of Utah is home to more than half of all U.S. oil sands deposits, and the Uintah region has been producing oil since the 1950s. It’s got more than 32 billion barrels of oil equivalent in sands waiting to be extracted from 8 major deposits. It’s also got fantastic infrastructure, with 5 major refiners with truck routes to Salt Lake City.
And it’s right there—in Asphalt Ridge—that Petroteq has an estimated 87 million barrels of oil equivalent.
Even better, this is heavy oil-producing oil sands that can be accessed directly from the surface, so there’s no risk of running into a ‘dry well’.
Costs to produce are expected to come in at only $22 a barrel.
With one plant, Petroteq says its potential is $10 million a year in profit with $25 per barrel production costs at today’s oil prices.
They acquired Asphalt Ridge for $10 million, and they’ve already proved that they can extract the oil from the sands and the shale. Permits to produce are already in place, and 10,000 barrels were produced from the property in 2015.
By the end of March the company expects to produce 1,000 bpd. The plan is to reach 5,000 bpd by 2019 at a cost of production of as low as $18 per barrel. And there’s potential, says Petroteq, to achieve 30,000 bpd with proven reserves.
Demand is expected to be voracious with oil that is produced in the U.S. cleanly and efficiently. And that’s just the oil from a single plant: This story gets much bigger if you read on…
The projected netbacks are impressive…
(Click to enlarge)
Utah, Colorado and Wyoming hold about 1.2 trillion boe in oil sands and shale, worth a combined $72 trillion at current market prices.
So, while oil sands in Canada are prohibitively expensive to produce in today’s oil-price environment, Petroteq has found a way to produce in Utah for a targeted $22 per barrel.
And it’s doing it in a clean, safe and efficient way with proprietary technology …
2) War-winning Proprietary EOR Tech
Winning the oil war against OPEC, and helping the U.S. to become energy independent is all about technology. And U.S. national interest right now is all about increasing domestic energy sources.
Technological advances such as Petroteq’s (TSX:PQE.V; OTCQX:PQEFF) proprietary Liquid Extraction System will become a key focus for developing U.S. oil sands deposits—and not just in Utah.
Petroteq already has a significant claim to fame: Its patented oil extraction technology is the first ever to generate production from Utah’s massive heavy oil resource.
Existing oil sands extraction technologies use tons of water and leave toxic trailing ponds. Petroteq’s system produces oil and leaves behind nothing but clean, dry sand that can be resold as fracking sand or construction sand or simply returned to Mother Nature.
In tests to date, it extracts over 99 percent of all hydrocarbons in the sand, generates zero greenhouse gases and doesn’t require high temperatures or pressures.
For Utah’s 32 billion barrels this tech could be the Holy Grail.
This is how it works:
(Click to enlarge)
The end result? The extracted crude oil is free of sand and solvents and then pumped out of the system into a storage tank.
“The wet tech kills the environment,” says Petroteq Chairman and CEO Aleksandr Blyumkin, “but we use green additives that allows the sand to be removed in a very clean manner. No other company has what we have in this space.”
Technology like Petroteq’s can help make American oil for Americans: full energy independence.
This technology is aimed to be deployed to cleanly unlock oil resources representing hundreds of millions of barrels of oil around the world. Licensing is a revenue stream that can flow to Petroteq (TSX:PQE.V; OTCQX:PQEFF) with no associated capital expenditure. This tech is so good, it could sell itself.
Worldwide, the licensing opportunities are vast, with over 12 countries home to major oil sands deposits.
(Click to enlarge)
Fortunes can be built on licensing fees, and Petroteq could have a big advantage in this market.
3) Blockchain-Based Solutions
Nothing could change oil industry supply chain management more than blockchain.
Blockchain works to ensure secure and verified transactions between parties without a lot of third-party involvement. Deals that take weeks instead take hours, or even minutes, to secure. And there’s no need for expensive middle-men.
And now, oil and gas is getting in on the action.
Supermajors BP, Shell and Statoil are getting into blockchain because it’s like what computers were three decades ago and it could make oil and gas trading a lot easier. They want to create a secure, real-time blockchain-based digital platform to manage energy transactions, without all that fussy paperwork.
Every single industry the world over will likely switch to blockchain because it’s efficient; it’s transparent; and it creates savings.
Deloitte released a report showing all the ways blockchain and crypto-currency technology could be applied to the oil and gas industry. And Petroteq (TSX:PQE.V; OTCQX:PQEFF) wants to lead the charge with its new supply-chain management software, “Petrobloq.”
In January Petrobloq reached an agreement with Pemex, the Mexican state-owned oil company. Through its Petrobloq subsidiary, Petroteq is developing a supply chain management system for Pemex that could radically improve efficiency.
Petrobloq’s technology is being designed to function as a digital ledger for oil and gas transactions, one that could become widely-used throughout the energy industry.
Petrobloq has attracted attention: it was cited by Geoffrey Cann, director at Deloitte specializing in oil and gas, as a contender for best blockchain tech in the energy sector.
This new tech puts Petroteq on the forefront of the blockchain revolution that could be about to sweep through the entire oil and gas industry.
4) Skin in the Game Expert Management Team
The Petroteq (TSX:PQE.V; OTCQX:PQEFF) management team is savvy and forward-thinking. That’s why it sees the opportunity not only in producing the first clean oil sands, but also in licensing its proprietary oil sands and blockchain tech worldwide.
This is where some of the brightest minds in extraction tech, chemistry, and blockchain come together to form a dream team.
The Chairman and CEO of Petroteq, Aleksandr Blyumkin, has championed this Company and technology with millions of dollars, including an interest-free loan to expand the production capability at its Temple Mountain facility in Utah.
Founder and CTO Dr. Vladimir Podlipskiy is a 23-year veteran in chemistry, R&D and manufacturing, and a chemical scientist from UCLA. He’s the oil extraction tech genius with a line-up of patents for everything from oil extraction and mold remediation to fuel reformulators.
President Dr. R. Gerald Bailey is a former Exxon president of Arabian Gulf operations, Dr. R Gerald Bailey. He believes in the technology and the company's ability to not only turn a profit, but also protect the environment while doing so. He’s got more than 50 years of international experience at all spots along the oil and gas chain behind him, including as operations manager of Qatar General Petroleum Corp., Exxon Lago Oil in Aruba and Esso Standard Libya.
Chief Geologist Donald Clark, PhD, a widely published geologist and consultant, is the blockchain tech genius in this group, responsible for providing input to financial models, analyzing commodity price fluctuations and handling operational and transportation costs of oil and natural gas.
And the team supporting them will be working towards licensing-Petroteq’s technology in as many countries as they can.
5) Prices on the Rise, Heavy Oil Demand Shifting Up
Now is the time to pay attention to Petroteq (TSX:PQE.V; OTCQX:PQEFF) for two big reasons. The first is the likely imminent spike in demand for heavy oil.
President Donald S. Trump has announced a $1.7 trillion infrastructure plan. Billions of dollars will be deployed to rebuild U.S. infrastructure and it requires exactly the kind of heavy oil that Petroteq can produce from oil sands.
U.S. production growth has focused on light oil, and heavy oil is in strong demand, particularly on the Gulf Coast, where the billions of dollars put into heavy oil refineries means it needs a lot of oil to feed them.
Heavy oil traditionally trades at a discount, but as demand rises, the discount should start disappearing.
This is a story of extracting costs of $22 per barrel of oil...in a $70 world.
Second, when Petroteq starts licensing out its blockchain and oil sands tech, the royalties it gets could be massive. The U.S. has billions in trapped oil sands crude that Petroteq tech may be able to get at for costs of only $22 per barrel.
The Petrobloq tech could become highly-sought after, as energy firms embrace blockchain to cut costs and streamline supply chain management and transactions.
While the Saudis fumble about in the dark, cutting production and losing market share, the U.S. is primed to become the world’s dominant energy producer. And it’s all thanks to innovation from companies like Petroteq (TSX:PQE.V; OTCQX:PQEFF).
the beast PQEFF IS TAKING OFF
Also have my eye on PDXP. Resumes trading today after being halted.
Check out MSPC. Just cancelled 1.6 billion shares. Gonna blow up today!
Trade of the Day: A Clear Technical Set-Up for PTCO: UP N UP.
Trade of the Day: A Clear Technical Set-Up for PTCO : UP N UP
you know WATT ? yeah WATT that is whatsup with WATTUP. you got it?
ENERGOUS CORP!
PTCO CORRECTION: just let it ride to 1.25 . Today is its biggest green volume surge in nearly 2 years in just morning trade and that is foretelling. huge reversal underway.Chart artists like barchart are gona love it. I DO! lol.
take a real hard look at LHSIF today: could be a multi day runner.
I have never been as adamantly, resolutely, firmly determined, unwaveringly sure about a pick as about EDRCF.
get it @ open while it gaps up. next it will get you 100% + by friday, Heck i am even making it a place on my 2018 list :
ERDCF , ASPXF, MJOG, CVM , FARYF, FTSSF, PQEFF
PTSXQ as the Q drops for being a preferred NETFLIX VENDOR.
Erdene Resource Development Corporation
January 10, 2018
Erdene Drilling Intersects Multiple High-Grade Gold Zones Including Highest Grade Result to Date With 2,200 g/t Gold Over 1 Metre at Bayan Khundii Gold Project
HALIFAX, NOVA SCOTIA--(Marketwired - Jan. 10, 2018) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to report the highest-grade gold intersection encountered to date at its 100%-owned Bayan Khundii Gold Project ("Bayan Khundii") in southwest Mongolia.
"We are excited by this intersection, not only because of the ultra high-grade nature but by the continuity that continues to be demonstrated within multiple, high-grade gold domains within a broad lower-grade halo throughout this 1.4 kilometre long system," said Peter Akerley, Erdene's President and CEO. "The continuity of these high-grade gold bearing veins, that extend from surface and up to 150 metres vertically, provides an excellent base for advancing the project. These results clearly demonstrate the continued exploration upside potential of this relatively new gold discovery. They also support further detailed exploration targeting gold bearing structures not only within the Bayan Khundii deposit area but also within the larger district which we are confident will lead to additional discoveries."
HIGHLIGHTS
(see attached plan maps, cross-sections and drill core photograph for reference)
Drilling in the North Midfield Zone returns highest gold result to date, 2,200 g/t gold (70.7 oz/t) and 948 g/t silver (30.5 oz/t) over 1 metre (BKD-231).
Drilling in the North Midfield Zone, 65 metres north of BKD-231, returns 22 metres of 8.3 g/t gold, within 36.5 metres of 5.6 g/t gold (BKD-232).
Drilling within the Midfield Zone returns 25 metres of 5.8 g/t gold within a 127.5 metre interval of 1.8 g/t gold (BKD-230).
Structural interpretation by Dr. Armelle Kloppenburg provides greater understanding of controls on gold mineralization at Bayan Khundii and improves targeting of ultra high-grade zones and district-scale targets.
Additional results pending for Altan Arrow and Altan Nar gold projects.
Bayan Khundii represents one of the most prospective new high-grade, near-surface gold discoveries in the industry today”
OTC: ERDCF
MAGS could run to 7.5 by january 1st: great catalyst, good momentum, strong fundamentals, nice technical,
the pick in TDT is on Nasdq, so hopefuly i get filled around 5.15 - 5.2 before open.Even 5.5 would be nice: HUGE!
this deal is bigger than its total recent quarter revenue. Magal recent gross profit was 50% of revenue
Magal Awarded $13 Million Contract as Subcontractor for Toyota Tsusho Corporation for Integrated Security Solution for a Major International Sea Port in East Africa
FNRC getting ready for it's yearly winter run. Went over .0012 last year. 413 mil volume already today. Up 100%. Still not too late for a 10 bagger.
hi Malone. did you check my early picks today?
OUR DAILY PICKS ARE:
AOUFF ; FTSSF ; MJOG ; PQEFF and KALTF (KALYTERA )
correction: AOUFF is Power Metals not First Metals
Date: December 4, 2017
MGX Minerals' Joint Venture Partner Power Metals Samples up to 7.14% Li2O on Surface at Case Lake Lithium Property
Symbols: XMG, MGXMF
MGX Minerals’ Joint Venture Partner Power Metals Samples up to 7.14% Li2O on Surface at Case Lake Lithium Property
Vancouver, BC -- December 4, 2017 -- InvestorsHub NewsWire -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report that joint venture partner Power Metals Corp. (“Power Metals”) has announced assay results confirming the presence of high-grade spodumene in the Northeast dyke at Case Lake, Cochrane, Ontario.
Power Metals reports that the assay results range from 6.04% to 7.14% Li2O for spodumene rock samples on surface. The assays given in Table 1 represent almost pure spodumene and drilling is required to determine the lithium grade of the Northeast pegmatite dyke. Power Metals has planned a 2,000 metre drill program that will commence on the Northeast dyke in early January 2018.
On the south outcrop, one green spodumene crystal 32 cm long by 2 cm wide, sample number 529463 has 6.04 % Li2O (Figure 1). On the north outcrop, the quartz core of the pegmatite dyke contains up to 40% spodumene megacrysts with cross sections up to 14 cm across (Figure 2). This was sample 529461 with 6.79 % Li2O. The highest grade spodumene sample came from the western edge of the south outcrop with 7.14 % Li2O.
Table 1. Lithium assays for spodumene rock samples from Northeast Dyke (UTM NAD 83, Zone 17)
Waypoint Easting (m) Northing (m) Sample No. Li2O (%)
JK-17-43 579053 5432292 529459 7.14
JK-17-45 579104 5432372 529460 6.75
JK-17-53 579065 5432293 529461 6.79
JK-17-52 579055 5432295 529463 6.04
Dr. Julie Selway, Power Metals VP of Exploration stated, "We are extremely fortunate to have assayed these very high-grade lithium spodumene samples on surface. These assays confirm the presence of high-grade spodumene on the Northeast Dyke and I look forward to drilling the Northeast Dyke within the coming weeks. Additionally, we should also be receiving the remaining assays that we are currently waiting for on the Main Dyke from our recently completed 5,400 metre drill program. We have been in touch with the lab and the bottleneck causing delays seems to be cleared and will press release our assays as soon as they are available. I would also like to congratulate and thank my exploration team for all the hard work and success they have given us to date on this exciting project."
In a press release dated November13th, 2017, Power Metals announced it had discovered spodumene megacrysts (up to 32 cm long) on the Northeast Dyke located 900 m northeast along strike of the current drill program on the North and Main Dykes and is within the same tonalite dome as the North and Main Dykes. Since the Northeast, North and the Main Dykes are along the same strike and within the same dome, this indicates that they were emplaced along the same deep-seated structure. The Northeast Dyke has a pair of parallel pegmatite dykes: north and south outcrops similar to the North and Main Dykes that were recently drilled.
Figure 1. 32 cm by 2 cm spodumene crystal in Northeast Dyke – south outcrop (sample 529463)
Figure 2. Oval cross sections of at least 8 beige spodumene megacrysts up to 14 cm across in quartz core of Northeast Dyke – south outcrop (sample 529461)
Figure 3. Pale green spodumene megacryst 30 cm long and 8 to 10 cm wide from Northeast Dyke – north outcrop (sample 529460)
Quality Control
The rock samples were delivered to Actlabs preparation lab in Timmins by Power Metals' geologists. The core was crushed and pulverized in Timmins and then shipped to Actlabs analytical lab in Ancaster which has ISO 17025 certification. The ore grade Li2O% was prepared by sodium peroxide fusion with analysis by ICP-OES with a detection limit of 0.01 % Li2O.
Case Lake
Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists of five dykes: North, Main, South, East and Northeast Dykes. The Northeast Dyke contains very coarse-grained spodumene. MGX currently has a paid up 20% working interest in Case Lake and four other lithium hard rock properties in Ontario controlled by Power Metals as well as any additional properties acquired prior to August 2020. The Company has the right to acquire an additional 15% working interest, for a total of 35%, in Case Lake Lithium and the other lithium properties by making a one-time payment of $10M prior to August 2020. The Company holds an option to acquire 10,000,000 shares of Power Metals at $0.65 (see press release dated August 2, 2017).
Qualified Person
The technical portions of this press release were prepared and reviewed by Andris Kikauka (P. Geo.), Vice President of Exploration for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument (N.I.) 43-101 Standards.
About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in lithium, magnesium and silicon assets throughout North America. Learn more at www.mgxminerals.com.
Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
PQEFF STILL RUNNING STRONG AND STEADY but we are jumping aboard today on :
AOUFF :First Metals Corp
FTSSF :First Cobalt Corp
MJOG :Majestic CORP
Remember this one call on november 23rd bout PQEFF
Ride the PETROTEQ breakthrough under PQEFF.
next this cobalt giant is great buy for the Teslas of the world: FTSSF
Tech Breakthrough Could Transform The Oil Sectorbrian wang | November 28, 2017 |
1Enregistrer
As Saudi Arabia spins from crisis to crisis, U.S. oil hasn’t missed a beat. It’s stronger and more resilient than ever– and it has nothing to do with OPEC oil production cuts.
In this war, U.S. oil wins, and the recent purge of billionaire princes in Saudi Arabia is icing on the cake.
But when Saudi Crown Prince Mohammad bin Salman arrested key members of the royal family on corruption charges two weeks ago all of them his rivals– oil shot up. West Texas Intermediate (WTI) spiked more than $2 a barrel, closing around $57 a barrel—a nearly two-
year high.
OPEC cuts have done little to boost oil prices, and Royal Family arrests are welcome news for oil tycoons the world over, but it’s still not what’s kept the U.S. on the winning side in this war:
Fracking bust the U.S. through the front line, and major advancements in enhanced oil recovery (EOR) are cementing the victory.
This is a sophisticated technology story, and one little-known company might just tell it best because it’s sitting on the first-ever technology which has the ability to produce oil from massively untapped U.S. oil sands plays, with price targets for production at around $22 a barrel.
The company is Petroteq Energy Inc. (TSX:PQE.V; OTCQX:PQEFF), and it’s all about American oil for America. But it’s not just about market-defying prices … It’s about a tech breakthrough that renders dirty oil sands production process clean—for the first time.
this was posted on 11/23/17 : it NOW UP MORE than 50%
klimanjaro Thursday, 11/23/17 12:05:07 PM
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while everybody's busy biting the turkey PQEFF lands a huge money infusion. I smell licencing deals with MAJORS in the oil shale sector. heck! it could even be a nice takeover target as well! we will revisit $5 bucks easy- short term. MARK MY WORD! Do expect new analysts upgrade.
while everybody's busy biting the turkey PQEFF lands a huge money infusion. I smell licencing deals with MAJORS in the oil shale sector. heck! it could even be a nice takeover target as well! we will revisit $5 bucks easy- short term. MARK MY WORD! Do expect new analysts upgrade.
PETROTEQ ENERGY, INC. DISCLOSES PROGRESS ON NEW UPSCALED OIL EXTRACTION FACILITY
FOLLOWING RELOCATION FROM MAESER TO TME MINE SITE, COMPANY INCREASES PRODUCTION FOOTPRINT BY 4X
STUDIO CITY, CA -- (Marketwired) -- 11/15/17 -- Petroteq Energy, Inc. (the "Company") (TSX VENTURE: PQE) (OTCQX: PQEFF) (Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announced today the reconstruction of a new large-scale oil extraction facility following its relocation to the TME mine site. The construction will expand the Company's operations and increase production capacity from 250 to 1,000 barrels per day.
Background:
Notching a first for the Temple Mountain oil resource Petroteq was the first by successfully producing 10,000 barrels of oil using its proprietary technology. That production was hampered by the inconvenient location of the pilot plant 10 miles from the Temple Mountain Resource Site. As part of the recent corporate restructuring -- the decision was made to relocate the plant and expand the capacity of the facility to increase the prospective revenues of the facility and demonstrate that the technology is scalable.
Temple Mountain Resource:
Temple Mountain has captured the imagination of petroleum engineers for decades -- a massive heavy oil resource at ground level. Petroteq's Temple Mountain Lease (TME) represents 3,000 acres and 87 million barrels of oil equivalent.
What the future holds:
Petroteq is in the process of engineering the updated and expanded facility. With the recent loans finalized that provide the required capital for the current development operations, the Company's CTO Vladimir Podlipsky is dedicated to working with our engineering team to optimize the equipment. The project will go through the phases of engineering, site preparation, construction, permitting and operation. The defined timeline for a busy year end includes:
Receive all of the plant equipment at the Temple Mountain location by November 10
Complete earth works at the TME location by November 15
Complete the sourcing of the remaining equipment by November 15
Pouring of Concrete Works - complete by November 25
Assembly of the plant is scheduled to be completed before December 15
Petroteq intends to have the plant producing in February 2018
The expansion, which will allow the Company to provide increased production to 1,000 barrels per day, will utilize Petroteq's unique hydrocarbon extraction technology:
a proprietary, closed-loop system
extracts over 99% of all hydrocarbons
uses no water
generates no greenhouse gases and
requires no high temperatures or pressures.
The only two elements leaving the system are the cleaned sands and the oil itself, with over 99% of the benign solvents being recovered and recycled back into the system.
"With this new facility, we expect an increase in both efficiency and production. There is a tremendous opportunity in the development of our resources near Asphalt Ridge as we anticipate a large contingent oil sands resource base of approximately 87 million barrels of oil equivalent within that region. Over the next several weeks, we will continue to develop and respond to the needs of the new facility," stated Alex Blyumkin, CEO of Petroteq.
"While the expansion to 1,000 bopd will be a significant milestone, we want investors to know that our scalable technology will allow us to add additional production capacity as cashflow permits to bring us from a thousand to ten or twenty thousand barrels a day from our resource. At the same time we can use licensing opportunities to take the technology to the many countries that have similar resources," Alex continued.
About Petroteq Energy, Inc.
AND PLEASE HOLD ON TO YOUR MJOG SHARES . UPDATE NEWS ON REVERSE MERGER IS IMMINENT! MJOG = .70+ ON UPDATE GUARANTEED. MARK MY WORD!
happy Thanksgiving Malone. Get ready for Petroteq Energy on market open . This one 's gona move on great momentum and great news released while everybody 's busy biting at the turkey.
PQEFF: production increase from from 150 to 1000 barils / day as their new extraction oil facility is geared for production 1st q of 2018.
But the kicker is the new cash infusion just released: please READ THE NEWS:
November 23, 2017 09:36 ET
Petroteq Energy Inc. Announces MOU for $10MM for Lease and Extraction Facility
STUDIO CITY, CALIFORNIA--(Marketwired - Nov. 23, 2017) - Petroteq Energy Inc. (the "Company") (TSX VENTURE:PQE)(OTCQX:PQEFF)(FRANKFURT:MW4A), a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announces the execution of a memorandum of understanding (the "MOU") with Deloro Energy LLC ("Deloro").
Pursuant to the terms of the MOU, and subject to all applicable director, shareholder and regulatory approvals, including approval of the TSX Venture Exchange (the "TSXV"), Deloro will loan Petroteq Energy CA, Inc. ("Petroteq Energy CA"), a wholly owned subsidiary of the Company, US$10 million under a convertible debenture (the "Debenture") which will, subject to the terms and conditions of the Debenture, be convertible into up to 49% of Petroteq Energy CA. Petroteq Energy CA is the sole shareholder of Petroteq Oil Sands Recovery, LLC ("Petroteq Oil Sands") and TMC Capital, LLC ("Petroteq TMC").
Upon execution of the MOU, Deloro paid Petroteq Energy CA a US$50,000 non-refundable deposit. Pursuant to the terms and conditions of the MOU, under the Debenture:
Deloro will be required to loan US$9,950,000 in three tranches.
Upon receipt of the first tranche (US$2,500,000) Deloro shall be entitled to receive an economic royalty equal to 25% of the net profits of the Facility (defined below) from the date that the Facility is operational.
The parties agree that at least US$2,000,000 of the first tranche shall be allocated by the Company towards the capital costs and related expenses associated with the Company's planned expansion of the Facility's processing capacity to at least 1,000 barrels/day.
Upon receipt of the second tranche (US$3,500,000) Deloro's economic royalty will increase to 35%.
The second tranche shall only become due and owing by Deloro upon the Company completing its expansion of the Facility's processing capacity to at least 1,000 barrels/day.
If Deloro fails to provide the second tranche by the deadline, subject to a grace period, the first tranche will automatically convert into a 25% equity interest in Petroteq Energy CA, with the Company maintaining an option to repurchase such equity for the principal amount of the first tranche for a period of 12 months.
Upon receipt of the third tranche (US$3,950,000), which is expected to occur on or before June 1, 2018, Deloro's economic royalty will increase to 49%.
If Deloro fails to provide the third tranche by the deadline, subject to a grace period, the first and second tranches will automatically convert into a 35% equity interest in Petroteq Energy CA, with the Company maintaining an option to repurchase such equity for the principal amount of the first and second tranches for a period of 12 months.
While the Company continues to work towards completing the transaction contemplated by the MOU, there can be no assurance that a viable transaction will result or successfully conclude in a timely manner, or at all. Additional information will be released by the Company as it occurs.
The MOU contains a number of conditions precedent to the obligations of Petroteq Energy CA and Deloro, including, but not limited to, board of director and TSXV acceptance. Unless all such conditions are satisfied or waived by the party for whose benefit such conditions exist, to the extent they may be capable of waiver, the transactions contemplated by the MOU and the Debenture will not proceed. There is no assurance that the conditions will be satisfied or waived on a timely basis, or at all.
In addition, the Company announces that it has received subscriptions from two arm's length investors for 472,592 common shares of the Company for gross proceeds of US$127,599. The shares will be subject to a four month hold period from the date of issuance. The issuance is subject to final approval of the TSXV. The net proceeds will be used by the Company for general corporate purposes and working capital.
About Petroteq Energy Inc.
ANCE is the daily trade; play the pump . be swift ;fold and run
get XGTI now in premarket : this is gooing to be one of the NASDAQ biggest winner of the day. Get it now under 1.80!
SWEE , SGMD and ZENO for the day; MJOG STILL READY TO LAUNCH
ZENO will run hard today. all the TDT picks from last week still doing great
CORRECTION : THE OTCB symbol for our second pick is AOUFF instead of aouf
Commodities COMMODITIES
Brent Crude Oil : $63.93/BBL UP 0.69%
Light Crude Oil : $57.17/BBL UP 0.63%
Natural Gas : $3.2/MMBtu UP 0.62%
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