Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Exro Technologies Announces Fourth Quarter and Full Year 2023 Financial Results
April 1, 2024
At a Glance
Exro generated revenue of $5,736,140 for the twelve months that ended December 31, 2023.
The Company lifted the nondisclosure agreement with Giaffone and announced the completion of Coil DriverTM validation in Q4 2023 and acceptance of purchase order agreements which commenced in Q1 2024.
Coil Driver™ start of production was launched in Q3 2023 with low volume production and was followed by initial deliveries to customers of sample units in Q4 2023.
On January 30, 2024, Exro entered into a Merger Agreement with SEA Electric Inc
Exro Technologies Announces Fourth Quarter and Full Year 2023 Financial Results
Calgary, Alberta (April 1, 2024) – Exro Technologies Inc. (TSX: EXRO, OTC QB: EXROF) (the “Company” or “Exro”), a leading clean technology company which has developed new generation power control electronics that expand the capabilities of electric motors and batteries, announced today its financial results for the quarter ended December 31, 2023.
"Our Company continued operational momentum through Q4 2023, closing out the year with several important milestones achieved", said Exro Chief Executive Officer, Sue Ozdemir. "2023 already feels like a distant memory with Exro entering into transformational merger with electric vehicle technology company SEA Electric in Q1 2024, setting the stage for accelerated revenue growth, technology deployments, and path to profitability. We look forward to closing the transaction and delivering on commitments to our major commercial and passenger vehicle OEM partners in 2024 and beyond."
Exro and Sea Electric Merger
Subsequent to year end Exro entered into a Merger Agreement ("the Transaction") with SEA Electric Inc. ("SEA Electric"). The Transaction is expected to enhance Exro's technology offerings, accelerate revenue growth, and contribute to its path to profitability.
The Transaction is expected to provide meaningful benefits to Exro, including but not limited to:
Technology Synergy: The Transaction combines Exro’s Coil Driver™ motor control technology with SEA Electric’s SEA-Drive vehicle control unit (VCU) software technology. This integration is anticipated to deliver superior performance, efficiency, and total cost of ownership advantages, embedded in a complete package electric propulsion system for the commercial vehicle space. Exro and SEA Electric have been testing the technology in partnership over the prior 3 years.
Revenue Acceleration: Following the Transaction, the company is forecasting delivery of over 1,000 propulsion systems in 2024 to blue-chip original equipment manufacturers (OEMs). This strategic move is expected to drive substantial revenue growth.
Multi-Year Commitments: Leading commercial vehicle OEMs have made multi-year commitments to the combined company. These commitments underscore the confidence in the merged entity’s capabilities and potential
In conjunction with the Transaction, the Company announced a bought deal private placement offering for gross proceeds of $30 million through the offering of 31,600,000 subscription receipts at a price of $0.95 per subscription receipt. The subscription receipts will be exchanged for common shares upon close of the Transaction and proceeds released to the Company. The Transaction is expected to be completed on April 5, 2024, subject to customary closing conditions, including regulatory approvals and approval by Exro shareholders.
Fourth quarter and subsequent operating highlights
In Q4 2023, Exro lifted the NDA and announced a partnership with Giaffone Electric, further expanding its strategic collaborations into South America. In Q1 2023, Exro and Giaffone integrated Coil Driver™ systems within commercial delivery vehicles for a global leading food and beverage company. Additional systems were ordered and deliveries continued through Q1 2024.
Exro successfully completed bench testing of 48V coil drivers for a hybrid diesel application with its off-highway NDA partner in Europe. Commercial discussions for units and systems are underway, with negotiations involving the lifting of the NDA.
Coil Driver™ start of production was launched in Q3 2023 with low volume production and was followed by initial deliveries of sample units in Q4 2023.
With Exro’s Cell Driver™ energy storage, the company announced a distribution partnership with Greentech Renewables Southwest and named Re:Build Manufacturing as the exclusive manufacturing partner for the Company’s Cell Driver cabinets. Exro has onboarded 40+ distribution and installation partners across North America and the Caribbean
On March 6, 2024 Exro announced that it has completed the testing program required to receive UL certification for its Cell Driver™ stationary energy storage system. The test results are currently being reviewed by approved UL certifier Intertek Laboratories, followed by an audit of Exro’s contract manufacturer for the Cell Driver™, Re:Build Manufacturing. It is anticipated that final UL certification will be received in Q2 2024. Commercial sales and marketing activities continue.
The Company has disclosed additional key highlights from 2023 in the MD&A released on April 1, 2024.
Fourth quarter and year ended 2023 financial highlights
For the three months ended December 31, 2023
Revenue of $935,410 (2022 – $1,807,859)
Comprehensive loss of $18,201,611 (2022 – $25,301,810)
Selling, general and administration expense decreased by $5,886 to $2,592,706 from $2,598,592
Payroll and consulting fees increased by $796,058 to $4,474,702 from $3,678,644
Research and development increased by $1,840,285 to $4,485,833 from $2,645,548
For the twelve months ended December 31, 2023
Revenue of $5,736,140 (2022 – $2,185,448)
Comprehensive loss of $50,143,198 (2022 – $39,495,905)
Selling, general and administration expense decreased by $1,343,234 to $9,776,036 from $11,119,270
Payroll and consulting fees increased by $2,883,319 to $16,669,923 from $13,786,604
Research and development increased by $4,071,391 to $12,836,892 from $8,765,501
The Company generated revenue of $935,410 and $5,736,140, for the three and twelve months ended December 31, 2023, respectively through the execution on engineering services agreements.
Exro saw an overall increase in operating costs for the twelve months ended December 31, 2023, which was driven largely by higher payroll and research and development costs compared to the same period in 2022, offset by a reduction in selling, general and administration expenses. In addition the Company saw higher expenses related to non-cash items including a loss on investment in SEA, fair value loss on derivative assets, interest expense settled through the issuance of shares in the Company, and higher depreciation and share-based payments.
Liquidity and capital resources
As at December 31, 2023, the Company had cash and cash equivalents of $6,241,176 and accounts receivable of $4,233,672. The Company had accounts payable and accrued liabilities of $8,629,951.
Results of operations and selected financial data
Outstanding share data
As of April 1, 2024, there were 170,121,818 Common Shares issued and outstanding.
Additional information
The financial statements and Management’s Discussion and Analysis for the quarter ended December 31, 2023, released April 1, 2024, can be viewed at www.exro.com/investors or on SEDAR+ under Exro Technologies Inc. at www.sedarplus.ca.
Unless otherwise indicated, all figures are in Canadian currency, Cdn.
About Exro Technologies Inc.
Exro Technologies Inc. is a leading clean technology company that has developed new generation power control electronics that change how the world optimizes energy by expanding the capabilities of electric motors and batteries. The company’s innovative technologies serve to bridge the performance-cost gap in e-mobility (Coil Driver™) and stationary energy storage (Cell Driver™), and act to accelerate adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results.
For more information visit our website at www.exro.com.
Visit us on social media @exrotech.
On behalf of the board of directors
Sue Ozdemir, Chief Executive Officer
Contact information
Investor inquiries: ir@exro.com
Chief Investment Officer, Darrell Bishop: dbishop@exro.com
Media inquiries: media@exro.com
Cautionary statement regarding forward looking statements
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company's annual information form for the financial year ended December 31, 2023, and financial statements and related MD&A for the financial year ended December 31, 2023, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.
https://www.exro.com/news/exro-technologies-announces-fourth-quarter-and-full-year-2023-financial-results?utm_source=mailchimp&utm_medium=email&utm_campaign=newsletter&utm_content=april-2024-newsletter
Merrill Lynch was well known back in the mid 70's for churning your account when the commissions were $100 to $150 a trade. I would sometimes get calls three times a day.
Yes, I retired in 1992 and used exponential moving averages in my engineering work. They were first developed by Robert Brown while working at Texas Instrument.
Here is some history on EMA:
https://www.mcoscillator.com/learning_center/kb/market_history_and_background/who_first_came_up_with_moving_averages/
The late Steve Bigalow's trading group, developed the 8 EMA as the buy/sell line in trading. Steve's Thursday night webinar's are still posted on his website:
https://stephenbigalow.s3.amazonaws.com/Thursday+Recordings/stock-chat-9723.mp4
So you want them to sell the polymer at a low price and not on its attributes?
Did you know what it takes to sell this technology without giving it away?
Maybe you should invest in something that you understand.
Alamos Gold Reports First Quarter 2024 Results
Mr. John McCluskey reports:
All amounts are in United States dollars, unless otherwise stated.
TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter ended March 31, 2024.
“We delivered another strong start to the year across a number of fronts, following a record performance in 2023. Costs were in line with guidance for the quarter and production exceeded guidance led by record production from La Yaqui Grande. With the solid first quarter, we are on track to achieve our full year production and cost guidance. We also continued to demonstrate our long-term track record of value creation through exploration and M&A. Our Mineral Reserves increased for the fifth consecutive year, and we expect to unlock significant value through our acquisition of the Magino mine and its integration with Island Gold. We expect the combination to create one of Canada’s largest and lowest cost gold mines, drive significant synergies, and solidify our unique positioning as a Canadian focused intermediate gold producer, with growing production and declining costs,” said John A. McCluskey, President and Chief Executive Officer.
First Quarter 2024 Operational and Financial Highlights
Produced 135,700 ounces of gold, exceeding quarterly guidance and representing a 6% increase from the first quarter of 2023. This was driven by another strong performance from the Mulatos District, including record quarterly production from La Yaqui Grande
Sold 132,849 ounces of gold at an average realized price of $2,069 per ounce, generating record quarterly revenue of $277.6 million, a 10% increase from the first quarter of 2023
Total cash costs1 were $910 per ounce, all-in sustaining costs ("AISC"1) were $1,265 per ounce, and cost of sales were $1,307 per ounce. As previously guided, costs were above full year guidance in the first quarter, with AISC also impacted by an increase in share-based compensation reflecting the Company's higher share price in the quarter. Costs are expected to decrease through the remainder of the year to be consistent with full year guidance
Strong ongoing free cash flow1 generation of $24.4 million, while funding the Phase 3+ Expansion at Island Gold, and net of $45.3 million of cash tax payments in Mexico
Cash flow from operating activities of $108.9 million (including $134.9 million, or $0.34 per share before changes in working capital1)
Realized adjusted net earnings1 for the first quarter of $51.2 million, or $0.13 per share1. Adjusted net earnings includes adjustments for net unrealized foreign exchange losses recorded within deferred taxes and foreign exchange of $4.5 million, and other adjustments, net of taxes totaling $4.6 million.
Reported net earnings were $42.1 million, or $0.11 per share
Cash and cash equivalents increased 7% from the end of 2023 to $240.2 million, with no debt and $16.3 million in equity securities
Paid dividends of $9.8 million, or $0.025 per share for the quarter
Reported year-end 2023 Mineral Reserves of 10.7 million ounces of gold, a 2% increase from 2022, with grades also increasing 1%. This marked the fifth consecutive year Mineral Reserves have grown for a combined increase of 10% with grades also increasing 9% over that time frame. Additionally, Measured and Indicated Mineral Resources increased 12% to 4.4 million ounces, with grades increasing 9%, and Inferred Mineral Resources increased 3% to 7.3 million ounces, at 1% higher grades
Announced a definitive agreement to acquire Argonaut Gold Inc. ("Argonaut") and its Magino mine, located adjacent to the Company's Island Gold mine in Ontario, Canada. The integration of the two operations is expected to create one of the largest and lowest cost gold mines in Canada and unlock significant value with pre-tax synergies expected to total $515 million2 through the use of shared infrastructure
On April 4, 2024, announced the closing of the previously announced non-brokered private placement for common shares of Argonaut, representing approximately 13.8% of Argonaut's outstanding common shares for CAD $50 million
Completed the acquisition of Orford Mining Corporation ("Orford") on April 3, 2024, through which the Company consolidated its existing ownership of Orford shares and added the highly prospective Qiqavik Gold Project, located in Quebec, Canada
(1) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures.
(2) Synergies are pre-tax and undiscounted. On a discounted basis, this represents an after-tax net present value of $250 million
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1192-tsx/agi/159623-alamos-gold-reports-first-quarter-2024-results.html?utm_source=newsletter_1862&utm_medium=email&utm_campaign=junior-mining-brief-for-date-l-b-j-y
So where do we go from here:
S&P - Sellers In Control
— Wyckoff Analytics (@WyckoffAnalysis) April 16, 2024
The correction is unfolding as expected. The first support target is the 2021-2022 resistance. So far, supply has been aggressive, and the price has shown ease of movement to the downside.
This clip is from yesterday's #Wyckoff Trading Course. pic.twitter.com/SWW6bVj5Mp
Time to buy....$20?
LD Micro replays are now available:
https://ldinv14.sequireevents.com/
Want to see Ted Peele's resume?
...
What to see it again?
AI to spark 10-year Supercycle in Critical Minerals, The Oregon Group forecasts
CNW Group
Mon, Apr 22, 2024, 9:30 AM EDT
TORONTO, April 22, 2024 /CNW/ - The explosion of Artificial Intelligence (AI) is expected to trigger a 10-year critical mineral supercycle, according to a new report. The Oregon Group predicts the massive energy needs of new AI data centers will increase pressure on mineral supply chains already under strain to meet global net-zero targets.
The report examines key trends affecting the growth across the sector, including:
nuclear energy and uranium
renewable energy and battery metals, including cobalt, graphite, lithium, nickel, manganese, rare earths, fluorspar
expanding electricity grids driving copper demand
and tin, essential for soldering across the tech revolution
This growth in demand is driven by a potent combination of technology companies, consumer and business demand, and government support, all racing to maintain a global cutting edge.
The large tech companies are betting hundreds of billions on new data centers — Amazon plans to spend US$150 billion over the next 15 years on data centers — as they are already facing challenges to their ambitions of AI growth.
Years of underinvestment in new mines, concentrated supply and processing in high-risk regions, as well as rising demand for minerals to meet net-zero targets, means supply will struggle to keep pace with the potential AI demand that is only now starting to be appreciated.
The report highlights NVIDIA's soaring stock price, a proxy for investment in the AI revolution, as a signpost that the supercycle is already underway.
McKinsey forecasts generative AI has the potential to generate value equivalent to $2.6 trillion to $4.4 trillion in global corporate profits annually.
The combined incentives of significant corporate profits, technological advancements, environmental restrictions and consumer pressure, will overcome many of the obstacles to investment across the sector, even those hindering net-zero targets.
To learn more about the new critical mineral supercycle and key trends, you can access The Oregon Group's new report, entitled "Artificial Intelligence and the next Critical Mineral Supercycle" by visiting our dedicated website section for the market report.
About The Oregon Group
The Oregon Group is an investment research company focused on a variety of key investment trends related to critical commodities, technology and the energy transition.
https://finance.yahoo.com/news/ai-spark-10-supercycle-critical-133000334.html
Thanks to the shorts, I have done well trading this stock. I have had two small losses over a period of five or six years when I decided to put my money in something else.
I am not sure why people bad mouth Marcelli but he is the glue that has held the company together all these years.
I use to post on Investor Village but the site went down several weeks ago. Very little contribution by others that read the LWLG stock on IV and I won't be going back.
It is a possibility that the stock breaks down and we could see $1 again. The stock market is in a correction and has broken the 50 DMA.
Kuya Silver Announces Closing of Second and Final Tranche of Strategic Investment by Trafigura
Newsfile Corp.
Thu, Apr 11, 2024
Toronto, Ontario--(Newsfile Corp. - April 11, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce it has closed the second and final tranche of a USD$1,200,000 non-brokered private placement pursuant to an agreement with Trafigura Pte Ltd ("Trafigura"), through two of its subsidiaries, whereby Trafigura has invested USD$970,000 to acquire 5,266,324 units ("Units") of Kuya Silver at a price of CDN$0.25 per Unit to support the restart of production from the Bethania mine located in central Peru, to produce silver-lead and zinc concentrates (the "Offering"). Each Unit consists of one common share in the capital of Kuya Silver ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire one Common Share for $0.37 until April 11, 2026. Trafigura has agreed to hold the Common Shares acquired in the Offering for a minimum of one year and will immediately exercise the Warrants if the Common Shares trade at a premium of 25% to the Warrant exercise price for one month.
About Kuya Silver Corporation
Kuya Silver is a Canadian-based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.
For more information, please contact:
David Stein, President and Chief Executive Officer
Telephone: (604) 398-4493
info@kuyasilver.com
www.kuyasilver.com
Reader Advisory
This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," "new," "potential," "prospective," "target," "future," "verge," "favourable," "implications," and "ongoing," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, any discussion of the potential of exploration targets, assay results and the proposed use of the proceeds of the Offering, is forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
https://finance.yahoo.com/news/kuya-silver-announces-closing-second-215300836.html
American Rare Earths shares assay results expanding Rare Earths at Halleck Creek in Wyoming
Wed, Apr 10, 2024
American Rare Earths Limited CEO Donald Swartz joined Steve Darling from Proactive to share significant news regarding assay results from a recent mapping and sampling program conducted in the Cowboy State Mine area. These results provide valuable insights that will enable the company to target higher-grade areas contiguous to the mining area identified in the recently published scoping study. Swartz emphasized that these findings complement the updated JORC resource estimate of 2.34 billion tonnes and demonstrate consistently enriched mineralization at Halleck Creek.
https://finance.yahoo.com/news/american-rare-earths-assay-results-123300400.html
Reyna Silver Announces $1,000,000 CAD Listed Issuer Financing Exemption (LIFE) Private Placement of Units
Reyna Silver Corp.
Thu, Apr 18, 2024, 4:50 PM EDT
VANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / April 18, 2024 / Reyna Silver Corp. (TSXV:RSLV; OTCQX:RSNVF; FRA:4ZC) ("Reyna" or the "Company") is pleased to announce a non-brokered listed issuer financing exemption (LIFE) private placement of up to 6,250,000 units of the Company ("Units") at a price of $0.16 per Unit (the "Issue Price") for gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.24 for a period of 24 months from the date of issuance.
"Given the increased appetite for silver equities, Reyna Silver has received interest from new and existing institutional investors. Reyna Silver's work at Gryphon resonates with investors, so we have decided to accept extra funding via this offering. These funds will allow us to have a more robust drill campaign at Gryphon. We are eager to start drilling the targets our team is busy finalizing in Nevada right now," said Jorge Ramiro Monroy, Reyna Silver CEO.
The Offering is expected to close in one or more closings and the Company expects to close the first tranche on or about May 10, 2024 or such earlier or later date as the Company may determine. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the TSX Venture Exchange.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Exemption"). The securities offered under the Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document relating to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.reynasilver.com. Prospective investors should read this offering document before making an investment decision.
The Company may pay certain eligible finders including Red Cloud Securities Inc. a cash fee of up to 7% of the gross proceeds raised in respect of the Offering from subscribers introduced by such finders to the Company. The Company may also issue to eligible finders such number of finder warrants (each, a "Finder Warrant") equal to 7% of the number of Units sold under the Offering to subscribers introduced by such finders to the Company. The Finder Warrants, to the extent they are issued, shall entitle the holder thereof to acquire one Common Share at a price of $0.16 per Common Share for a period of 24 months from the date of issuance.
https://finance.yahoo.com/news/reyna-silver-announces-1-000-205000459.html
Hercules Silver Showcases 2023 Deep-Seeking Geophysics in Advance of 2024 Drilling
Tue, Apr 9, 2024
Toronto, Ontario--(Newsfile Corp. - April 9, 2024) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7)("Hercules Silver" or the "Company") is pleased to showcase the results of its 2023 deep-seeking 3D induced polarization ("IP"), direct current resistivity and drone magnetic geophysics over the area to be drill tested in 2024, revealing multiple prospective targets, coincident with the direction of increasing copper porphyry grades seen in the initial 2023 deep discovery holes drilled at its Hercules Property in western Idaho ("Hercules" or the "Property").
Highlights
Conductivity anomaly below historical mining at the Belmont Zone.
High grade cores of porphyry copper systems can often have highly conductive copper sulfide vein networks, making Belmont a potential target for a high grade core at depth.
High grade chalcocite, typical of the porphyry enrichment blanket, was recently found on historical waste dumps at Belmont, indicating 1870's mine tunnels may have reached the top of the porphyry system.
Kilometers of prospective chargeability from Belmont to Grade Creek.
The high-grade core of a porphyry will typically have ~1-3% copper sulfide with moderate chargeability values, surrounded by a highly chargeable halo of up to 10% disseminated pyrite.
Moderate chargeability anomaly near surface at the Big Cut Skarn provides an additional satellite drill target.
3D magnetic inversion reveals magnetic highs potentially associated with a potassic core.
Soil sampling, mapping, and prospecting planned to cover extensions of newly identified geophysical targets.
Preparations underway for commencement of the 2024 drill program. The Company plans to provide updates once mobilization of drill rigs begins.
Chris Paul, CEO and Director of the Company, noted: "We're pleased to showcase the much-anticipated results of our 2023 deep-seeking geophysics in advance of the upcoming drill campaign. We now recognize that the initial 2022 IP survey covered just a small portion of a much larger system which shows the potential for multiple porphyry centers. We see patterns in the magnetics, conductivity, and chargeability that are consistent with typical zoning of a large porphyry system, including a magnetic and conductive core surrounded by a strong chargeability halo. In 2023, we found the copper grades to be increasing towards what we now see as the most prospective targets on the Property. We're excited to test these new high priority targets for the first time, as we expand our search for the potential high-grade core."
https://finance.yahoo.com/news/hercules-silver-showcases-2023-deep-110000536.html
Pulsar Helium Announces DTCC Eligibility
Tue, Apr 16, 2024, 5:00 PM EDT
VANCOUVER, BC / ACCESSWIRE / April 16, 2024 / Pulsar Helium Inc. (TSXV:PLSR) & (OTCQB:PSRHF) ("Pulsar" or the "Company") reports that the Company's common shares are eligible for delivery and depository services with the Depository Trust and Clearing Corporation (the "DTCC") to facilitate electronic settlement of transfers of its common shares in the United States. Securities that are eligible to be electronically cleared and settled through the DTCC are considered "DTCC eligible". This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and greatly reduces transactional costs for participating stock brokerages. Investors can find the current Canadian financial disclosure of the Company on its profile on www.sedarplus.ca.
As announced on March 21, 2024, the Company's common shares trade on the OTCQB Venture Market ("OTCQB") in the United States under the symbol "PSRHF" in addition to its primary listing on the TSX Venture Exchange under its existing trading symbol "PLSR".
The OTCQB Venture Market is for entrepreneurial and development stage United States and international companies. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB Venture Market quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of the Topaz helium project in Minnesota, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X (formerly known as Twitter) https://twitter.com/pulsarhelium?lang=en and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.
On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
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.
SOURCE: Pulsar Helium Inc.
https://finance.yahoo.com/news/pulsar-helium-announces-dtcc-eligibility-210000173.html
Crexendo Growth Surges with Four and a Half Million Users on its Software Platform With Platform Growing At Nearly Twice The Industry Average
Tue, Apr 16, 2024, 9:00 AM EDT
PHOENIX, AZ / ACCESSWIRE / April 16, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced that its cloud communication platform now supports over four and a half million end users* globally.
When Crexendo acquired NetSapiens in June of 2021 there were approximately 1.7 million users on the platform, and since then, platform use has increased over 150%. With additional new licensees deploying Crexendo's NetSapiens platform combined with strong growth from their existing base of over 220 licensees, there are now over 4.5 million users utilizing the Crexendo NetSapiens software platform for their communication needs.
"We continue to see very strong adoption of our offerings, and we see no end in sight," said Crexendo CEO and Chairman Jeff Korn. "We are very excited by our continued strong growth. This announcement confirms for us the findings by Frost & Sullivan's who in their recent 2024 report awarded us the Competitive Strategy Leadership Award for Excellence in Cloud Communications as well as confirming that we are the fastest growing UCaaS platform in the industry. We believe this growth is tied to our disruptive business model, our superior cloud offerings and our talented team that truly are the best in the industry. The efforts of our team are further supported by G2.com's Spring 2024 Reports that recently highlighted Crexendo's outstanding customer service with 19 1st place rankings based on real user feedback."
Korn added "This very important metric, which follows our very strong third and fourth quarter earnings reports. Our significant momentum continues to give me great confidence in our strategic growth plan this year and beyond. I am convinced that our company is executing well on all fronts, and we are very excited about our future."
*Users are defined as UCaaS application user seats including individual user licenses as well as applications such as conference bridges, call queues, and SIP trunks.
About Crexendo
Crexendo, Inc. is an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business. Our solutions currently support over four and a half million end users globally.
Safe Harbor Statement
This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "will" and other similar statements of expectation identify forward-looking statements. Specific forward-looking statements in this press release include Crexendo (i) continuing to see very strong adoption of our offerings with no end in sight; (ii) being very excited by the continued strong growth; (iii) believing this announcement confirms that the results of the Excellence in Cloud Communications award and that the Company is the fastest growing platform in the industry; (iv) believing this growth is tied to the disruptive model and are the best in the industry people; (v) believing this is very important metric and providing confidence of the strategic growth plan this year and beyond and (vi) being convinced that the company is executing well on all fronts and being very excited about the future.
For a more detailed discussion of risk factors that may affect Crexendo's operations and results, please refer to the company's Form 10-K for the year ended December 31, 2023, quarterly Form 10-Qs as filed with the SEC. These forward-looking statements speak only as of the date on which such statements are made, and the company undertakes no obligation to update such forward-looking statements, except as required by law.
Company Contact:
Crexendo, Inc.
Doug Gaylor
President and Chief Operating Officer
602-732-7990
dgaylor@crexendo.com
SOURCE: Crexendo, Inc.
https://finance.yahoo.com/news/crexendo-growth-surges-four-half-130000129.html?.tsrc=fin-srch
Email reply from LD Micro:
Hi Harry,
Replays will be available around two weeks after the event as the videos require editing in some cases and the uploading process takes time. Once available, you'll see the "replay" button next to the company name in the agenda at https://ldinv14.sequireevents.com/.
Best Regards,
Eden McCallister
Chief Development Officer
eden@ldmicro.com
There are a lot of stocks I watch or just trade. Steve Bigalow's trade group developed the 8 EMA trade line as a buy/sell trade line which works on any time frame...hourly, daily, weekly.
Looking at the six months chart you will see that the OBV made a low in December while the price has made a new low this week. The next two weeks will determine if a bottom has been put in.
Developments Enter Into a $25 Million Economic Partnership and LOI for Resource Development and New Facility Construction in Saskatchewan
CNW Group
Tue, Apr 16, 2024, 9:46 AM EDT
SASKATOON, SK, April 16, 2024 /CNW/ - Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT.A) (OTCQB: RHCCF) ("Royal" or the "Company") and Sparrow Hawk Developments Ltd. ("Sparrow Hawk") are pleased to announce that they have entered into an Economic Participation Agreement (the "Agreement") and a letter of intent (the "LOI") for a $25,000,000 joint venture investment by Sparrow Hawk in the development of Royal's Val Marie helium project located in southwestern Saskatchewan.
Under the terms of the Agreement and the LOI, Sparrow Hawk will invest $25,000,000 into the drilling and completion of new wells, as well as the construction of the associated helium purification facility. Pursuant to the LOI terms, Sparrow Hawk will have an approximate 57.5% non-operating working interest in the wells and an approximate 46% non-operating interest in the processing facility.
Mr. Andrew Davidson, Chief Executive Officer of Royal Helium states, "This joint venture represents an exciting next step in Royal's mission to advance the development of its extensive helium resources and bring additional facilities online each year. Of equal importance, this partnership highlights Royal's commitment toward further inclusion of First Nations groups in the resource development activities and the economic growth in the province. This historical partnership with Sparrow Hawk to advance the economic development in the Treaty 4 Territory is an important first step toward these objectives. This important Agreement and LOI ensures First Nations participation at the earliest possible stage for resource development in the province with a shared commitment to economic reconciliation and benefit."
Mr. Alex Fallon, CEO of Sparrow Hawk states, "This partnership and our planned ownership in helium production plants and of the helium resource itself, is not only a form of economic reconciliation, but it also sets the path for a multimillion-dollar investment to develop Saskatchewan's helium sector and export helium to customers around the globe."
"This is a historic partnership that will provide Sparrow Hawk with ownership in a major critical minerals project and honours the spirit of Treaty 4 which was to share the resources in this land," Mr. Fallon continued.
About the Val Marie Project
The Val Marie helium project comprises a 32,000-acre, 21 year lease land package representing approximately 3% of Royal's current helium permit and lease lands across Saskatchewan and Alberta. Val Marie is located immediately north of the Saskatchewan-Montana border sitting atop the Bowdoin Dome, a large geological uplift system that has been a prolific natural gas production area with successful helium production wells recently drilled on the Montana side of the structure. The Company drilled its initial well at Val Marie in August of 2022 with some of Royal's highest helium showings to date from drill bit gas detection equipment from multiple stacked zones – the Duperow, Souris River and Deadwood formations.
Sparrow Hawk – Royal Partnership
The partnership agreement will also see Sparrow Hawk support Royal's economic reconciliation strategy:
Sparrow Hawk and Royal will work together to advance economic reconciliation in Treaty 4 territory and seek to create employment opportunities for Peepeekisis Cree Nation and First Nations people in Saskatchewan's growing helium sector.
Sparrow Hawk and Royal commit to partnering on future helium opportunities in Saskatchewan as and when they materialize.
Sparrow Hawk will engage First Nation's training organizations to provide Indigenous culture training and education opportunities to Royal and its subcontractors.
Sparrow Hawk will play a lead role in engaging other First Nation organizations and partners to work together on economic opportunities that may arise as a result of this partnership.
The Agreement and LOI are subject to final financial arrangements, provincial, regulatory and TSX Venture Exchange approvals.
About Sparrow Hawk Developments
Sparrow Hawk Developments Ltd., is the economic development corporation for Peepeekisis First Nation. Located in the Qu'Appelle Valley in Southern Saskatchewan, Peepeekisis First Nation is 3,148 people strong. Chief Canahhachapew (Making Ready the Bow) signed Treaty 4 on September 21, 1874. Peepeekisis, Cree: ??????, pîhpîkisîs, literal meaning: Sparrow Hawk. More information can be found at: www.sparrowhawkdevelopments.com
About Royal Helium Ltd.
Royal is an exploration, production, and infrastructure company with a primary focus on the development and production of helium and associated gases. The Company's expansive footprint includes prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Given the current and foreseeable global undersupplied nature of this critical and non-renewable product, Royal is well positioned to be a leading North American producer of this increasingly high value commodity.
Royal's helium reservoirs are carried primarily with nitrogen. Nitrogen is not considered a greenhouse gas ("GHG") and therefore has a low GHG footprint when compared to other jurisdictions that rely on large scale natural gas production for helium extraction. Helium extracted from wells in Saskatchewan and Alberta can be up to 90% less carbon intensive than helium extraction processes in other jurisdictions.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
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 news release.
This news release includes certain statements that may be deemed to be "forward-looking statements". All statements in this news release, other than statements of historical fact, that address events or developments that management of the Company expects, are forward-looking statements, including, the settlement and execution of the definitive agreements, financing arrangements, provincial and regulatory approvals, and the potential participation of the federal and provincial government in the joint venture and investment. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.com for further information.
Sparrow Hawk Developments Ltd. logo (CNW Group/Royal Helium Ltd.)
SOURCE Royal Helium Ltd.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/16/c4780.html
https://finance.yahoo.com/news/royal-helium-sparrow-hawk-developments-134600655.html
April 16, 2024
TORONTO, ON, Canada – April 16, 2024 – ARway.ai (“ARway” or the “Company”) (CSE: ARWY), (OTC: ARWYF) (FSE: E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision is pleased to announce that George Mason University is signed up for the ARway platform and will be deploying ten spatial maps across the university campus. The rollout is part of a 2024 project aimed at enhancing the campus navigation and campus experience for students. GMU has an undergraduate enrollment of approxmiately 27,014 and the campus size is 817 acres. ARway.ai is seeing demand from across the globe for University Campus deployments, and is currently deployed in the Middle East at the Suleyman Demirel University in Turkey, and in the EU at the Institut für Innovations- und Informationsmanagement (iFii), University of Applied Sciences Brandenburg. ARway has also recently signed subscriptions with prestigious universities around the globe including Bicol University in Indonesia, DHA Suffa University in Pakistan, University of Alberta in Canada, University College Cork in the UK and German University of Technology in Oman.
The deployment of ARway is scheduled to begin in early summer, allowing the university to test the platform’s capabilities extensively before a potential full campus rollout in 2025. 2024 plans include expanding the augmented reality tour to enable students to search for and navigate to various offices and buildings. This will significantly enhance the accessibility of campus resources and improve the overall student experience. The university has already submitted several conference proposals to present findings on this new technology and has dedicated time this summer to further research and development.
ARway.ai is committed to supporting George Mason University in its mission to leverage cutting-edge technology to create inclusive educational environments. This partnership represents a significant step forward in using augmented reality to transform educational spaces into more interactive and supportive ecosystems for all students. The ARway platform will be integrated into George Mason University’s ongoing efforts to foster engagement, self-efficacy, and a sense of belonging among students – critical components for college success. Preliminary beta testing of ARway’s interactive capabilities has shown promising results in enhancing student interaction and campus navigation.
The university is very excited to experiment with some of the interactivity that ARway provides. Based on their initial beta testing, they believe ARway will be very powerful in engaging and promoting self-efficacy and sense of belonging which are both essential to the long term success of the college experience.
Watch a demo video of ARway’s technology at a university campus – click here
"Congratulations to any shareholders who listened to pumpkin and ted peele these last 2 years. Saved yourself a fortune."
Not really....this has been a great stock to trade.
VIZSLA SILVER TO ACQUIRE LARGE CLAIM PACKAGE ALONG HIGHLY PROSPECTIVE STRUCTURAL TREND, SOUTH OF PANUCO
Vancouver, British Columbia (April 16, 2024) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla Silver” or the “Company”) is pleased to announce that it has entered into an agreement to acquire two large claims comprising 10,667.0 Ha (the “El Richard – San Enrique claims” or “San Enrique prospect”) located south and partially adjacent to the Company’s Panuco project (the “Panuco Project” or “Panuco”). The San Enrique prospect is situated along the highly prospective Panuco – San Dimas corridor and is covered 100% with LiDAR and partially covered with high-resolution aero-magnetic and radiometric surveys.
Highlights
Large property package comprised of 10,667 Ha just south of Panuco (almost 50% larger than Panuco).
The area is covered with a LiDAR survey and partially covered (~60%) with high-resolution air magnetic and radiometric surveys.
The prospect contains dome complexes and covers the SE extensions of the NW trending Copala fault and Cordon del Oro - Animas veins.
Preliminary recognizance mapping in the NE has identified favourable andesite lithologies, quartz veining and breccias.
The area has never been systematically mapped and prospected.
Vizsla Silver has agreed to issue to the seller US$650,000 in common shares.
“Vizsla Silver continues to expand its land position in the Sinaloa Silver Belt with the acquisition of the San Enrique prospect,” stated Michael Konnert, President, and CEO. “These claims are located southeast along trend from several of our existing mineralised vein corridors, including the high grade Copala structure and they add significant exploration upside potential to Vizsla’s growing portfolio of projects. With preliminary geophysics and LiDAR complete, we intend to move forward with regional recognizance-mapping and a stream-sediment geochemical survey to aid in ongoing drill targeting. Although Vizsla Silver remains committed to the near-term development of the advanced-stage Panuco-Copala district, this acquisition combined with the recently announced La Garra acquisition, further positions Vizsla Silver as a globally significant silver explorer-developer, with the potential to build a multi-generational asset base in Mexico.”
Figure 1: Location map of the San Enrique Prospect, Panuco Project and La Garra. See Company news release dated January 8, 2024 on “Updated Mineral Resource Estimate” for the Panuco project.
Figure 2. Geology of the silver-gold-rich Panuco – San Dimas corridor.
Figure 3. Map showing the San Enrique prospect with high resolution aero-mag overlain on top of the LiDAR terrain model.
About the San Enrique prospect
The San Enrique prospect area is adjacent to the southern boundary of the Panuco project. The prospect comprises two titled mining claims covering 10,667.0 Ha (El Richard with 3,688.6 Ha and San Enrique with 6,978.4 Ha) in the emerging silver-gold-rich Panuco – San Dimas corridor with estimated past production plus current resources and reserves of 1.2-Boz Ag and 15-Moz Au (Figure 2).
The LiDAR and mag survey from the San Enrique prospect show strong NW-trending lineaments, indicative of regional faults and fractures. Two of these lineaments are aligned and seem to be the SE extensions of the Copala fault and the Cordon del Oro - Animas vein structures in Panuco (Figure 3). The main lithologies identified to date are predominantly rhyolite domes which produce strong magnetic anomalies in the north, and felsic flows and tuffs (rhyolites and dacites). Recent 40Ar/39Ar age dating on adularia separates from veins in Panuco project indicates that epithermal mineralization post dates felsic volcanism in the area. Additionally, preliminary recognizance mapping in the northeast has revealed the presence of andesite tuffs and flows, quartz veining and breccia structures. The Santa Fe mine is located three kilometres south of San Enrique, is owned and operated by Inca Azteca Gold and is a small scale mine producing high-grade silver and gold from a NW trending epithermal vein. This supports the hypothesis that the NW trending structures within San Enrique have the potential to host additional veins yet to be discovered.
The San Enrique prospect contains several indicators that suggest it is a highly prospective area, namely: location (Panuco – San Dimas corridor), high-grade deposits immediately north (Copala and Panuco), structural controls (southeast extensions of the Copala fault and Cordon - Animas lineament), domes and an operating mine to the south along another NW regional fault (Santa Fe mine, Inca Azteca).
Vizsla Silver is in the process of acquiring a multispectral World View III satellite image covering the whole Panuco and San Enrique claims to speed up the target generation process. Furthermore, the Company intends to conduct regional recognizance-mapping and a stream-sediment geochemical survey at San Enrique in the near future.
Terms of the Acquisition
The Company entered into an asset purchase agreement (the “Acquisition Agreement”) dated March 5, 2024, with Inca Azteca Gold S.A.P.I. de C.V. (the “Seller”) and the Company’s wholly owned subsidiary, Minera Canam, S.A. de C.V. (“Minera Canam”) pursuant to which the Company agreed to acquire, through Minera Canam, all of the Seller’s right, title and interest in and to the mineral concessions (the “Acquisition”).
Pursuant to the Acquisition Agreement, the Company has agreed to issue an aggregate of US$650,000 in common shares in the capital of the Company, at the exchange rate and market price applicable on the effective date (collectively, the “Consideration Shares”) plus any applicable value added tax to the Seller. The Consideration Shares are subject to a four-month hold period pursuant to applicable Canadian securities laws and the Seller has agreed to voluntary resale restrictions, whereby 12.5% of the Consideration Shares will become free trading on the date that is four months and one day from the effective date and an additional 12.5% will become free trading every three months thereafter.
About the Panuco Project
The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 17,856.5-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.
The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.
On January 8, 2024, the Company announced an updated mineral resource estimate for Panuco which includes an estimated in-situ indicated mineral resource of 155.8 Moz AgEq and an in-situ inferred resource of 169.6 Moz AgEq.
About Vizsla Silver
Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla Silver has completed over 350,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2024, Vizsla Silver has budgeted +65,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high priority targets across the district.
Qualified Person
In accordance with NI 43-101, Jesus Velador, Ph.D. MMSA QP., Vice President of Exploration, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
Information Concerning Estimates of Mineral Resources
The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the “SEC”). The terms "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" used herein are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the “CIM Definition Standards”), which definitions have been adopted by NI 43-101. Accordingly, information contained herein providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.
You are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, “inferred mineral resources” are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures.
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the “SEC Modernization Rules”), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”. Information regarding mineral resources contained or referenced herein may not be comparable to similar information made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be “substantially similar” to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there is no assurance any mineral resources that the Company may report as “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.
Contact Information: For more information and to sign-up to the mailing list, please contact:
Michael Konnert, President and Chief Executive Officer
Tel: (604) 364-2215
Email: info@vizslasilver.ca
Website: www.vizslasilvercorp.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the exploration, development, and production at the Panuco Project and the San Enrique prospect, including the potential acquisition of a multispectral World View III satellite image covering the whole Panuco and San Enrique claims and the conduct of regional recognizance-mapping and a stream-sediment geochemical survey at San Enrique.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and Vizsla Silver has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in Vizsla Silver’s management discussion and analysis. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
https://finance.yahoo.com/news/vizsla-silver-acquire-large-claim-110000093.html
Lightwave Logic Demonstrates Thought Leadership with Critical Contributions to Global Integrated Photonics Industry Roadmap
Integrated Photonics System Roadmap Defines and Creates Future PIC Technology and Systems Requirements for Industry that Span out to 2040
ENGLEWOOD, Colo., April 16, 2024 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, substantially contributed to the recently published "Integrated Photonics System Roadmap - International" (IPSR-I) to accelerate the high-volume commercial manufacturing of high-value integrated photonics over the next decade and beyond.
Led by foundation PhotonDelta and the Microphotonics Center at the Massachusetts Institute of Technology (MIT), the IPSR-I is based on the highly influential semiconductor industry roadmap that outlined research priorities and has enabled the semiconductor industry to navigate Moore's Law for integrated photonics. These non-competitive industry roadmaps also serve stakeholders, investors and research analysts as a resource for industry trends, research, and commercial opportunities.
More than 400 technology, academic and industrial organizations from around the world contributed to IPSR-I. The IPSR-I describes a route toward building a global, aligned integrated photonics industry with the ability to help solve major societal challenges. It includes a comprehensive overview of major technology gaps for volume manufacturing of photonic integrated circuits (PIC) and a detailed analysis of the challenges that the integrated photonics industry needs to overcome to achieve its potential.
Lightwave Logic was instrumental in two chapters of the IPSR-I, serving as co-chair of the "Transceivers" chapter and chair of the "Polymers" chapter. The company also contributed to the "Interconnects" chapter. 'Transceivers' are a critical commercial pluggable optical engine, for example in hyperscaler datacenters, telelcom networks, and high-performance computing. 'Interconnects' focuses on optical fiber links that connect pluggable optical transceivers together for routers, switches, computational systems etc. 'Polymers' focuses on active electro-optic polymers for optical modulators as well as passive polymers that guide and manipulate light in fiber optic communications markets.
"We were privileged to be invited to contribute to the updated IPSR-I to establish and sustain a trust based global network of industrial and R&D partners, working together to create PIC technology and systems requirements," said Dr. Michael Lebby, Chairman and Chief Executive Officer of Lightwave Logic. "These requirements comprise the commercial factors that will compose and grow the accelerating photonics industry going forward for all companies, with our focus on our Perkinamine® Electro-Optic polymers. The integrated photonics roadmaps both plan and anticipate commercial opportunities as well as potential roadblocks and/or critical needs on the way to scaling the manufacturing of integrated photonics through 2040. The silicon semiconductor industry has relied on these types of roadmaps for the past 50 years and with IPSR-I, the photonics industry is becoming organized and more influential as well."
"With our first commercial material supply and license agreement for our electro-optic polymer materials and ongoing efforts to build on this commercialization momentum, we continue to believe Lightwave Logic will become a stronger technological and commercial leader in the photonics industry," concluded Lebby.
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) develops a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. The company's high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the company's website at www.lightwavelogic.com.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K; other risks to which our company is subject; other factors beyond the company's control.
Investor Relations Contact:
Lucas A. Zimmerman
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lightwave-logic-demonstrates-thought-leadership-with-critical-contributions-to-global-integrated-photonics-industry-roadmap-302115206.html
SOURCE Lightwave Logic, Inc.
Piedmont Lithium Receives Mining Permit Approval for Carolina Lithium
Mr. Keith Phillips reports:
BELMONT, N.C. / Apr 15, 2024 / Business Wire / Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that the North Carolina Department of Environmental Quality’s (“NCDEQ”) Division of Energy, Mineral, and Land Resources (“DEMLR”) has issued an approval of our mining permit for the construction, operation, and reclamation of the proposed Carolina Lithium project (the “Project”) in Gaston County, North Carolina. DEMLR provided the permit approval following a thorough review of the application submitted by Piedmont on August 30, 2021. The mining permit is subject to conditions both customary and specific to our type of project.
“This is an exciting day for all of us at Piedmont Lithium. I would like to thank the leadership and staff at NCDEQ and DEMLR for their diligence in the process, as well as the members of our team who worked rigorously for more than two and a half years to ensure that every aspect of the Project met the state’s high standards for approval,” said Piedmont Lithium President and CEO Keith Phillips. “We plan to develop Carolina Lithium as one of the lowest-cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain. The Project is expected to contribute billions of dollars of economic output and several hundred jobs to Gaston County and North Carolina’s growing electrification economy.
“Carolina Lithium is a highly strategic project,” continued Mr. Phillips. “Located within both the renowned Carolina Tin-Spodumene Belt and the U.S. Battery Belt, the Project is being designed as a fully integrated mining, spodumene concentrate, and lithium hydroxide manufacturing operation. There are currently no such integrated sites operating anywhere in the world, and the economic and environmental advantages of this strategy are compelling.
“Technical studies have demonstrated that Carolina Lithium could be a low-cost producer of spodumene concentrate and lithium hydroxide, benefitting from exceptional infrastructure, minimal transportation distances, low energy costs, a deep local talent pool, and proximity to cathode and battery customers as well as local markets for the monetization of by-product industrial minerals. The Project is further advantaged by the competitive corporate tax regime offered in the United States, the absence of significant royalties, and the benefits inherent in the Inflation Reduction Act of 2022. After-tax returns are what matter, and we are not aware of any jurisdiction that better combines the benefits of significant spodumene resources, deep customer markets, and low royalty and income tax rates.
“The North Carolina mining permit approval is the precursor for the county rezoning process, and we look forward to continued engagement with the local community and the Gaston County Board of Commissioners. Construction would commence following receipt of all required permits, rezoning approvals, and project financing activities. We have had extensive and ongoing dialogue with possible funding sources for Carolina Lithium, including the U.S. Department of Energy’s Loan Programs Office and strategic parties who could provide some combination of capital, offtake, and technical support,” said Mr. Phillips. “We have been encouraged by those discussions and will endeavor to put in place a strong funding plan that will maximize value for Piedmont shareholders.”
About Piedmont Lithium
Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11). We believe these geographically diversified operations helps us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, follow us on Twitter @PiedmontLithium and visit www.piedmontlithium.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development construction, production, and ramp up activities or the timing of these activities, of Sayona Mining, Atlantic Lithium and Piedmont, including regarding operating cost improvements, regulatory approvals or permits or the timing thereof, project spend, timing of completion of capital projects and the effects of such projects, timing of planned deliveries and ability to improve productivity; current plans for Piedmont’s mineral and chemical processing projects; Piedmont’s potential acquisition of an ownership interest in Ewoyaa, including financing options, the timing of final investment decisions and project spend; strategy; market cycles; lithium prices; equity values; costs of new project developments; lithium shortages; lithium market recovery; certain Company approvals, permitting, partnering and debt funding discussions; a recently completed workforce reduction; expense management and possible or assumed future financial results or financial condition. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont, Sayona Mining or Atlantic Lithium may be unable to commercially extract mineral deposits, (ii) that Piedmont’s, Sayona Mining’s or Atlantic Lithium’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Mining or Atlantic Lithium, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, (xiv) our ability to deliver on our expense management efforts and other cost improvements expected upon completion of key capital projects as well as our future cash payments associated with these initiatives and potential future impairment charges and (xv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this press release and actual events, results, performance, and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this press release. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2224-nasdaq/pll/159046-piedmont-lithium-receives-mining-permit-approval-for-carolina-lithium.html?utm_source=newsletter_1854&utm_medium=email&utm_campaign=junior-mining-brief-for-date-l-b-j-y
Northern Dynasty Minerals: State of Alaska Files Action Seeking to Vacate EPA’s Unlawful Veto
Mr. Ronald Thiessen reports:
VANCOUVER, BC / ACCESSWIRE / April 15, 2024 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) ("Northern Dynasty" or the "Company") and 100%-owned U.S.-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") note that on April 11, 2024 the State of Alaska ("the State") filed an action in Federal District Court in Alaska, seeking to vacate the Environmental Protection Agency's ("EPA") veto of a development at Pebble.
To read the State's announcement of its filing, see the following link: Press Release - State Files Against EPA in U.S. District Court, Calling Out Unlawful Order on State Land in Bristol Bay (alaska.gov)
Northern Dynasty and the Pebble Partnership announced their federal court filings in a press release on March 15, 2024, entitled "Northern Dynasty Files Two Separate Actions: Seeking to Vacate EPA's illegal veto and a Takings case." The release can be found at the following link: Click Here
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project.
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1- 800-667-2114. Review public filings, which include forward looking information cautionary language and risk factor disclosure regarding the Company and the Pebble Project in Canada at www.sedarplus.ca and in the United States at www.sec.gov.
Ronald W. Thiessen
President & CEO
U.S. Media Contact:
Dan Gagnier, Gagnier Communications (646) 569-5897
Forward Looking Information and other Cautionary Factors
This release includes certain statements that may be deemed "forward-looking statements" under the United States Private Securities Litigation Reform Act of 1995 and under applicable provisions of Canadian provincial securities laws. All statements in this release, other than statements of historical facts, which address permitting, including the legal actions described above, development and production for the Pebble Project are forward-looking statements. Such statements should not be in any way be construed as guarantees that the Pebble Project will secure all required government and environmental permits or regarding the ability of NDM to develop the Pebble Projects in light of the EPA's Final Determination.
NDM is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. Investors should also consider the risk factors identified in the Company's Annual Information Form for the year ended December 31, 2023, as filed on SEDAR plus and included in the Company's annual report on Form 40-F filed by the Company with the SEC on EDGAR, and the Company's Management Discussion and Analysis for the year ended December 31, 2023 as filed on SEDAR plus and EDGAR, for a discussion of the risks that may impact our forward-looking statements.
For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedarplus.ca.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/987-tsx/ndm/159045-northern-dynasty-state-of-alaska-files-action-seeking-to-vacate-epa-s-unlawful-veto.html?utm_source=newsletter_1854&utm_medium=email&utm_campaign=junior-mining-brief-for-date-l-b-j-y