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GMG.v $GMGMF GMG Joins Future Battery Industry Cooperative Research Centre for Battery Electrolyte Development
by @newsfile on 24 Jun 2021, 05:01
Brisbane, Queensland, Australia--(Newsfile Corp. - June 24, 2021) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that it will join the Future Battery Industries Cooperative Research Centre ("CRC") for Battery Electrolytes along with various organizations and universities. The CRC's objective is to develop advanced electrolyte systems that improve battery performance. The project will run over a period of 4 years with GMG providing a source of graphene and personnel time to the project.
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/8082/88531_graphene.jpg
To view an enhanced version of this graphic, please visit:
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GMG's Chief Scientific Officer Dr Ashok Nanjundan said, "This is another exciting energy storage development project showcasing the potential uses of GMG's graphene for the further development of various existing battery technologies."
The CRC brings together almost 60 industry participants, including eight universities, the Commonwealth Scientific and Industrial Research Organization, and Federal and State Governments. A six-year research and development program will target all segments of the battery value chain to deliver commercially proprietary outcomes to accelerate industry expansion and grow a vibrant, emerging battery sector. With approximately A$130 million cash and in-kind contributions, the CRC is focused on Australia as a leader in battery industries that seeks to create a new generation of highly skilled workers equipped to deliver energy materials of the future.
About Future Battery Industries Cooperative Research Centre
The Future Battery Industries Cooperative Research Centre is enabling the growth of battery industries to power Australia's future. It brings together industry, researchers, governments, and the community to ensure Australia plays a leading role in the global battery revolution.
The CRC is critical in making Australia's industries more competitive by harnessing the research skills and industry expertise required to create new economic opportunities.
For further information: https://fbicrc.com.au/
About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to: the deployment of the Company's resources, including its personnel; goals, outcomes and results of the activities of the CRC; and the intention of the Company to research, develop and produce certain products. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the accuracy of the Company's cost and timing expectations, and the Company's continued participation with the CRC. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available for review on the Company's profile at www.sedar.com, many of which are beyond the ability of the Company to control or predict. Such risk factors may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88531
GMG.v $GMGMF GMG Joins Future Battery Industry Cooperative Research Centre for Battery Electrolyte Development
by @newsfile on 24 Jun 2021, 05:01
Brisbane, Queensland, Australia--(Newsfile Corp. - June 24, 2021) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that it will join the Future Battery Industries Cooperative Research Centre ("CRC") for Battery Electrolytes along with various organizations and universities. The CRC's objective is to develop advanced electrolyte systems that improve battery performance. The project will run over a period of 4 years with GMG providing a source of graphene and personnel time to the project.
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/8082/88531_graphene.jpg
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8082/88531_graphene1enhanced.jpg
GMG's Chief Scientific Officer Dr Ashok Nanjundan said, "This is another exciting energy storage development project showcasing the potential uses of GMG's graphene for the further development of various existing battery technologies."
The CRC brings together almost 60 industry participants, including eight universities, the Commonwealth Scientific and Industrial Research Organization, and Federal and State Governments. A six-year research and development program will target all segments of the battery value chain to deliver commercially proprietary outcomes to accelerate industry expansion and grow a vibrant, emerging battery sector. With approximately A$130 million cash and in-kind contributions, the CRC is focused on Australia as a leader in battery industries that seeks to create a new generation of highly skilled workers equipped to deliver energy materials of the future.
About Future Battery Industries Cooperative Research Centre
The Future Battery Industries Cooperative Research Centre is enabling the growth of battery industries to power Australia's future. It brings together industry, researchers, governments, and the community to ensure Australia plays a leading role in the global battery revolution.
The CRC is critical in making Australia's industries more competitive by harnessing the research skills and industry expertise required to create new economic opportunities.
For further information: https://fbicrc.com.au/
About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to: the deployment of the Company's resources, including its personnel; goals, outcomes and results of the activities of the CRC; and the intention of the Company to research, develop and produce certain products. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the accuracy of the Company's cost and timing expectations, and the Company's continued participation with the CRC. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available for review on the Company's profile at www.sedar.com, many of which are beyond the ability of the Company to control or predict. Such risk factors may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88531
WHN.v $WTHVF Globe says Silvercorp, Westhaven get new coverage
2021-06-23 08:17 ET - In the News
Also In the News (C- $WHN ) Westhaven Gold Corp
The Globe and Mail reports in its Wednesday, June 23, edition that Raymond James analyst Craig Stanley began coverage on two Canadian mining stocks on Tuesday. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stanley calls Silvercorp Metal ($7.02) a "free cash flow machine." He notes that he likes Silvercorp Metal's consistent dividend payout. Mr. Stanley rates Silvercorp Metals "market perform" and targets the shares at 8.75. Analysts on average target Silvercorp Metals shares at $9.63. Mr. Stanley gave Westhaven Gold (65 cents) an "outperform" rating with a $1.10 share target. Mr. Stanley is currently the lone analyst covering the Vancouver-based company, which is focused on its 100-per-cent-owned Bridge Group Belt properties in south central British Columbia. The Globe reported on Sept. 16, 2020, that Canaccord Genuity analyst Dalton Baretto rated Silvercorp "hold" in new coverage, when it was worth $11.19. The Globe reported on Jan. 15, 2021, that Mr. Baretto boosted his rating to "buy." The shares could then be had for $7.24.
WHN.v $WTHVF Globe says Silvercorp, Westhaven get new coverage
2021-06-23 08:17 ET - In the News
Also In the News (C- $WHN ) Westhaven Gold Corp
The Globe and Mail reports in its Wednesday, June 23, edition that Raymond James analyst Craig Stanley began coverage on two Canadian mining stocks on Tuesday. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stanley calls Silvercorp Metal ($7.02) a "free cash flow machine." He notes that he likes Silvercorp Metal's consistent dividend payout. Mr. Stanley rates Silvercorp Metals "market perform" and targets the shares at 8.75. Analysts on average target Silvercorp Metals shares at $9.63. Mr. Stanley gave Westhaven Gold (65 cents) an "outperform" rating with a $1.10 share target. Mr. Stanley is currently the lone analyst covering the Vancouver-based company, which is focused on its 100-per-cent-owned Bridge Group Belt properties in south central British Columbia. The Globe reported on Sept. 16, 2020, that Canaccord Genuity analyst Dalton Baretto rated Silvercorp "hold" in new coverage, when it was worth $11.19. The Globe reported on Jan. 15, 2021, that Mr. Baretto boosted his rating to "buy." The shares could then be had for $7.24.
GMG.v $GMGMF Graphene Aluminium-Ion Battery Performance Data
by @thenewswire on 22 Jun 2021, 05:25
(TheNewswire)
BRISBANE, QUEENSLAND, AUSTRALIA – TheNewswire - June 22nd, 2021 - Graphene Manufacturing Group Ltd. (TSXV:GMG) (“GMG” or the “Company”) is pleased to share further performance data of the graphene aluminium-ion coin cell batteries using the patent-pending surface perforation of graphene synthesised by the Company and the University of Queensland (“UQ”).
The experiments were performed at the Australian Institute for Bioengineering and Nanotechnology (“AIBN”) at UQ. Testing confirmed a very high cycle rate for graphene aluminium-ion coin cell batteries together with minimal reduction in performance over a 3,000 cycle experiment period (which includes charging up to full charge and discharge down to near full discharge) at very high charging rates – including at 2 Ampere per gram (“A/g”) of cathode material for 1000 cycles, 5 A/g of cathode material for 1000 cycles and then 10 A/g of cathode material for a further 1000 cycles.
GMG graphene is currently being used to produce coin cell prototypes for customer testing. A commercial prototype for the coin cell is targeted before the end of 2021.
Click Image To View Full Size
Source: University of Queensland. All testing was carried out on coin cells with perforated GMG graphene in aluminium ion battery at ambient temperature cycling from 2.4V to 0.5V, 1000 cycles at 10 Coulomb or 10 C (2 A/g) providing ~ 200 milli-Ampere-hour/gram (“mAh/g”) of capacity, 1000 cycles at 30 C (5 A/g) providing >150 mAh/g of capacity and 1000 cycles at 66 C (10 A/g) providing > 150 mAh/g.
GMG’s Chief Scientific Officer Dr Ashok Nanjundan said “These results show a very high cycling rate for over 3000 cycles with negligible reduction in performance and at a very high charging rate up to 66 Coulomb or 66 C which is in comparison to what is typically seen with lithium-ion batteries between 600 and 1000 cycles at much lower charging rates of 1/5 C where performance typically reduces to 60% of original capacity”.
GMG will make further disclosures regarding the performance and development of these graphene aluminium ion batteries as the research and development program progresses.
About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to the manufacturing of prototypes by GMG and UQ, anticipated timelines for commercial prototypes and customer testing, and the results arising from and application of GMG’s graphene aluminium-ion batteries. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the accuracy of the Company’s cost and timing expectations, that the Company will be successful in the deployment of its resources and personnel, that the Company’s operations and ability to develop its products will not be adversely impacted by COVID-19, the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available for review on the Company's profile at www.sedar.com, many of which are beyond the ability of the Company to control or predict. Such risk factors may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, assumptions regarding the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Copyright (c) 2021 TheNewswire - All rights reserved.
GMG.v $GMGMF Graphene Aluminium-Ion Battery Performance Data
by @thenewswire on 22 Jun 2021, 05:25
(TheNewswire)
BRISBANE, QUEENSLAND, AUSTRALIA – TheNewswire - June 22nd, 2021 - Graphene Manufacturing Group Ltd. (TSXV:GMG) (“GMG” or the “Company”) is pleased to share further performance data of the graphene aluminium-ion coin cell batteries using the patent-pending surface perforation of graphene synthesised by the Company and the University of Queensland (“UQ”).
The experiments were performed at the Australian Institute for Bioengineering and Nanotechnology (“AIBN”) at UQ. Testing confirmed a very high cycle rate for graphene aluminium-ion coin cell batteries together with minimal reduction in performance over a 3,000 cycle experiment period (which includes charging up to full charge and discharge down to near full discharge) at very high charging rates – including at 2 Ampere per gram (“A/g”) of cathode material for 1000 cycles, 5 A/g of cathode material for 1000 cycles and then 10 A/g of cathode material for a further 1000 cycles.
GMG graphene is currently being used to produce coin cell prototypes for customer testing. A commercial prototype for the coin cell is targeted before the end of 2021.
Click Image To View Full Size
Source: University of Queensland. All testing was carried out on coin cells with perforated GMG graphene in aluminium ion battery at ambient temperature cycling from 2.4V to 0.5V, 1000 cycles at 10 Coulomb or 10 C (2 A/g) providing ~ 200 milli-Ampere-hour/gram (“mAh/g”) of capacity, 1000 cycles at 30 C (5 A/g) providing >150 mAh/g of capacity and 1000 cycles at 66 C (10 A/g) providing > 150 mAh/g.
GMG’s Chief Scientific Officer Dr Ashok Nanjundan said “These results show a very high cycling rate for over 3000 cycles with negligible reduction in performance and at a very high charging rate up to 66 Coulomb or 66 C which is in comparison to what is typically seen with lithium-ion batteries between 600 and 1000 cycles at much lower charging rates of 1/5 C where performance typically reduces to 60% of original capacity”.
GMG will make further disclosures regarding the performance and development of these graphene aluminium ion batteries as the research and development program progresses.
About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to the manufacturing of prototypes by GMG and UQ, anticipated timelines for commercial prototypes and customer testing, and the results arising from and application of GMG’s graphene aluminium-ion batteries. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the accuracy of the Company’s cost and timing expectations, that the Company will be successful in the deployment of its resources and personnel, that the Company’s operations and ability to develop its products will not be adversely impacted by COVID-19, the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available for review on the Company's profile at www.sedar.com, many of which are beyond the ability of the Company to control or predict. Such risk factors may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, assumptions regarding the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Copyright (c) 2021 TheNewswire - All rights reserved.
BARU.v $BARUF Baru Gold Responds to False Allegations and Rumours on Sangihe Gold Project
(TheNewswire)
by @thenewswire on 17 Jun 2021, 06:02
June 17, 2021 – TheNewswire - Baru Gold Corp (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“PT.TMS”) or the “Company”) (TSXV:BARU) | (OTC:BARUF) wishes to update stakeholders and investors on recent rumours and negative media attention focused against Baru and its upcoming gold production project on Sangihe Island in North Sulawesi, Indonesia.
In recent days, a Non-Government Organization (“NGO”) has posed several serious allegations against Baru Gold through prominent media sources including CNN, BBC, and CNBC. These publications have failed to do their due diligence. The Company has not received any invitations or opportunity from these publications to set the record straight and defend itself from the false accusations alleged against the Company. These allegations include polluting the environment, underpaying locals for their land, illegally pushing the Sangihe mining project ahead, and endangering the habitat of a certain breed of flycatcher bird. Lastly, this NGO has blamed the Company for the unfortunate passing of a local politician, who recently opposed the Sangihe project. The Company wishes to clarify that this person’s untimely passing was due to natural causes and condemns these accusations. Baru’s staff reached out to the family on the day of his passing, and the Company wishes to again offer its sincere condolences to Pak Helmud Hotong’s family, friends, and the community, he will be missed by all on the Island.
The Company denies these unfounded accusations in the strongest possible terms and can confirm all of allegations that have been made are false and have no basis in fact. The Company has conducted itself, and will continue to conduct itself, in accordance with all laws, rules, and regulations. Will do so with the utmost transparency, and with respect for the locals and for the environment. The Company appreciates the ongoing support it receives from the federal government and the Mining Minster of Indonesia.
To be clear, and to highlight the misrepresentations being made, the Sangihe project has not yet started construction, and therefore it is impossible for the Company to have caused any environmental damage. It should be noted and to be clear, illegal operations are currently rampant on the island, and it is these illegal miners who have been heavily polluting the environment, including dumping their mine tailings into the ocean on the reefs, destroying the mangroves, and polluting the river and ocean with mercury. These illegal miners tend to not be residents of Sangihe Island. Further, they have a history of intimidating the members of the Sangihe community, they do not contribute to the local economy, they pay lower than industry wages, and do not pay federal royalties or taxes. These illegal miners have a vested interest in keeping their operations going and continue to employ tactics to protect their own interests at the cost of the environment and the well-being of local residents.
In contrast, Baru Gold is a law-abiding Canadian company operating in Indonesia with an extensive team on the ground. Not only is the Company required to meet certain obligations to maintain its listing as a publicly traded company, it strives to implement Environmental, Social and Governance (ESG) policies that make positive contributions to the health, well-being, and quality of life of Sangihe’s residents, and to protect the environment. The Company will continue to comply with, and respect, its obligations to meet the high standards required of an international entity operating in Indonesia.
While the federal government has principally been supporting larger foreign companies to restart new projects, Baru has been diligently engaging with locals, providing job opportunities, and beneficial structures in preparation of Sangihe’s operations. The Company is not aware of any local residents opposed to the project. In fact, the Company enjoys remarkably strong support from both the Islanders of Sangihe, who are hoping for a better and safer economic environment, and the local government that is actively supporting their aspirations.
Baru Gold’s AMDAL environmental study outlined in detail a meticulous strategy to mitigate disturbances to the rare flora and fauna of the island. Additionally, the Contract of Work (CoW), dead rent tax, and recently granted Operating License (February 2021) payments have all been made. As documented in a BBC interview with the Mining Minister of Indonesia, the Company has the full support of the Federal government.
To date, the Company has hired over 20 principally local employees and contractors, and expects to provide over 200 high quality jobs also principally from the local community. Hiring and additional opportunities engage with local businesses continues to be delayed due to the tactics of the illegal miners.
Terry Filbert, President, CEO and Director of Baru Gold, commented, “These false and misleading allegations are the desperate attempts of incumbent and related parties (NGO) who have been known to use intimidation and distractions to delay lawful projects such as the Sangihe project. Baru Gold has the full support of the federal, provincial, and local governments, and the local residents, who can anticipate fair wages and over 200 employment opportunities as the Sangihe operation ramps up. The land size of 100 hectares approved for production is more than enough for initial start-up. I welcome the NGO or any major media outlet that runs stories about our operation to contact me directly for a formal discussion. We have and will continue to do everything by the book to ensure a safe and successful partnership with the Indonesian government and the people of Sangihe.”
ABOUT SANGIHE GOLD PROJECT
The Sangihe gold-silver project is located on the island of Sangihe off the northern coast of Sulawesi and has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" dated May 30, 2017. Only 10% of the gold bearing area has been explored. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.
The Company's 70-percent interest in the Sangihe-mineral-tenement contract of work ("CoW") is held through PT. Tambang Mas Sangihe (TMS). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is for 30 years upon commencement of the production phase of the project.
The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs.
ABOUT BARU GOLD CORPORATION
Baru Gold Corporation (formerly East Asia Minerals) is positioning itself to become Indonesia’s new gold producer. We are a dynamic junior gold developer with NI43-101 gold resources in Indonesia, one of the top ten gold producer countries in the world. In 2020, Baru Gold received approval on the environmental permit and became compliant on all government requirements for the Sangihe Gold Project. Baru has received the approval for the upgrade of its licence to advance the project to construction and production in 2021.
Currently, Baru is awaiting final land acquisition to conclude so construction of the heap leach can proceed with production expected to commence in 2021.
Our team of mining and finance professionals are based both in North America and locally in Indonesia and boast extensive experience in starting and operating small-scale gold and coal assets. With sufficient funds and strong retail and institutional shareholders support, Baru Gold is well positioned to take advantage of the increased interest in gold and precious metals with both exploration upsides and operation cashflow in 2021.
Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geologist of Baru Gold Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.
BARU GOLD CORPORATION
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
info@barugold.com
+1-206-890-8285
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
kevin@jeminicapital.com
647-725-3888 ext 702
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.
Copyright (c) 2021 TheNewswire - All rights reserved.
BARU.v $BARUF Baru Gold Responds to False Allegations and Rumours on Sangihe Gold Project
(TheNewswire)
by @thenewswire on 17 Jun 2021, 06:02
June 17, 2021 – TheNewswire - Baru Gold Corp (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“PT.TMS”) or the “Company”) (TSXV:BARU) | (OTC:BARUF) wishes to update stakeholders and investors on recent rumours and negative media attention focused against Baru and its upcoming gold production project on Sangihe Island in North Sulawesi, Indonesia.
In recent days, a Non-Government Organization (“NGO”) has posed several serious allegations against Baru Gold through prominent media sources including CNN, BBC, and CNBC. These publications have failed to do their due diligence. The Company has not received any invitations or opportunity from these publications to set the record straight and defend itself from the false accusations alleged against the Company. These allegations include polluting the environment, underpaying locals for their land, illegally pushing the Sangihe mining project ahead, and endangering the habitat of a certain breed of flycatcher bird. Lastly, this NGO has blamed the Company for the unfortunate passing of a local politician, who recently opposed the Sangihe project. The Company wishes to clarify that this person’s untimely passing was due to natural causes and condemns these accusations. Baru’s staff reached out to the family on the day of his passing, and the Company wishes to again offer its sincere condolences to Pak Helmud Hotong’s family, friends, and the community, he will be missed by all on the Island.
The Company denies these unfounded accusations in the strongest possible terms and can confirm all of allegations that have been made are false and have no basis in fact. The Company has conducted itself, and will continue to conduct itself, in accordance with all laws, rules, and regulations. Will do so with the utmost transparency, and with respect for the locals and for the environment. The Company appreciates the ongoing support it receives from the federal government and the Mining Minster of Indonesia.
To be clear, and to highlight the misrepresentations being made, the Sangihe project has not yet started construction, and therefore it is impossible for the Company to have caused any environmental damage. It should be noted and to be clear, illegal operations are currently rampant on the island, and it is these illegal miners who have been heavily polluting the environment, including dumping their mine tailings into the ocean on the reefs, destroying the mangroves, and polluting the river and ocean with mercury. These illegal miners tend to not be residents of Sangihe Island. Further, they have a history of intimidating the members of the Sangihe community, they do not contribute to the local economy, they pay lower than industry wages, and do not pay federal royalties or taxes. These illegal miners have a vested interest in keeping their operations going and continue to employ tactics to protect their own interests at the cost of the environment and the well-being of local residents.
In contrast, Baru Gold is a law-abiding Canadian company operating in Indonesia with an extensive team on the ground. Not only is the Company required to meet certain obligations to maintain its listing as a publicly traded company, it strives to implement Environmental, Social and Governance (ESG) policies that make positive contributions to the health, well-being, and quality of life of Sangihe’s residents, and to protect the environment. The Company will continue to comply with, and respect, its obligations to meet the high standards required of an international entity operating in Indonesia.
While the federal government has principally been supporting larger foreign companies to restart new projects, Baru has been diligently engaging with locals, providing job opportunities, and beneficial structures in preparation of Sangihe’s operations. The Company is not aware of any local residents opposed to the project. In fact, the Company enjoys remarkably strong support from both the Islanders of Sangihe, who are hoping for a better and safer economic environment, and the local government that is actively supporting their aspirations.
Baru Gold’s AMDAL environmental study outlined in detail a meticulous strategy to mitigate disturbances to the rare flora and fauna of the island. Additionally, the Contract of Work (CoW), dead rent tax, and recently granted Operating License (February 2021) payments have all been made. As documented in a BBC interview with the Mining Minister of Indonesia, the Company has the full support of the Federal government.
To date, the Company has hired over 20 principally local employees and contractors, and expects to provide over 200 high quality jobs also principally from the local community. Hiring and additional opportunities engage with local businesses continues to be delayed due to the tactics of the illegal miners.
Terry Filbert, President, CEO and Director of Baru Gold, commented, “These false and misleading allegations are the desperate attempts of incumbent and related parties (NGO) who have been known to use intimidation and distractions to delay lawful projects such as the Sangihe project. Baru Gold has the full support of the federal, provincial, and local governments, and the local residents, who can anticipate fair wages and over 200 employment opportunities as the Sangihe operation ramps up. The land size of 100 hectares approved for production is more than enough for initial start-up. I welcome the NGO or any major media outlet that runs stories about our operation to contact me directly for a formal discussion. We have and will continue to do everything by the book to ensure a safe and successful partnership with the Indonesian government and the people of Sangihe.”
ABOUT SANGIHE GOLD PROJECT
The Sangihe gold-silver project is located on the island of Sangihe off the northern coast of Sulawesi and has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold as reported in the Company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" dated May 30, 2017. Only 10% of the gold bearing area has been explored. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.
The Company's 70-percent interest in the Sangihe-mineral-tenement contract of work ("CoW") is held through PT. Tambang Mas Sangihe (TMS). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is for 30 years upon commencement of the production phase of the project.
The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs.
ABOUT BARU GOLD CORPORATION
Baru Gold Corporation (formerly East Asia Minerals) is positioning itself to become Indonesia’s new gold producer. We are a dynamic junior gold developer with NI43-101 gold resources in Indonesia, one of the top ten gold producer countries in the world. In 2020, Baru Gold received approval on the environmental permit and became compliant on all government requirements for the Sangihe Gold Project. Baru has received the approval for the upgrade of its licence to advance the project to construction and production in 2021.
Currently, Baru is awaiting final land acquisition to conclude so construction of the heap leach can proceed with production expected to commence in 2021.
Our team of mining and finance professionals are based both in North America and locally in Indonesia and boast extensive experience in starting and operating small-scale gold and coal assets. With sufficient funds and strong retail and institutional shareholders support, Baru Gold is well positioned to take advantage of the increased interest in gold and precious metals with both exploration upsides and operation cashflow in 2021.
Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geologist of Baru Gold Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.
BARU GOLD CORPORATION
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
info@barugold.com
+1-206-890-8285
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
kevin@jeminicapital.com
647-725-3888 ext 702
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.
Copyright (c) 2021 TheNewswire - All rights reserved.
GMG.v GMG and OPENIA Project Management Services LLC (Dubai) Sign THERMAL-XR(R) Letter of Intent
by @newsfile on 17 Jun 2021, 05:30
Brisbane, Queensland, Australia--(Newsfile Corp. - June 17, 2021) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce the signing of a non-binding Letter of Intent (LOI) with OPENIA Project Management Services LLC ("OPENIA") for the exclusive distribution of THERMAL-XR®~ powered by GMG Graphene throughout the United Arab Emirates.
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Under the auspices of His Excellency Ahmed Al Khatib, Chief Development & Delivery Officer Expo 2020 Dubai, and Trade and Investment Queensland Commissioner Middle East Ms. Donna Massie, OPENIA Chairman Mohammed Fadel Al Mazrooei and GMG CEO & Managing Director Craig Nicol signed the Letter of Intent - taking place simultaneously in the Australian Pavilion at EXPO 2020 DUBAI and the Trade and Investment Queensland office in Brisbane.
THERMAL-XR®~ powered by GMG Graphene is a coating system for restoring and improving energy efficiency to corroded or poorly performing refrigeration and air conditioning coils. The process coats, protects and rebuilds lost thermal conductivity by leveraging GMG's Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and Co2 emission for customers.
GMG CEO and Managing Director Craig Nicol stated, "The growing demand for cooling is impacting power generation and distribution capacity and is often one of the highest costs of a company's operation. GMG's THERMAL-XR® coating system is a high-tech but easy to apply solution to improve efficiency and save energy. The technology is a clear example of GMG's Graphene's ability to transfer heat, providing measurable efficiency gains for air conditioning asset owners. The Letter of Intent between GMG and OPENIA builds on the introduction by the Queensland Government's global business agency, Trade and Investment Queensland (TIQ), which has been very helpful. I am very pleased about reaching this milestone and very excited to see THERMAL-XR® penetrating the strategic Middle-East market".
OPENIA Chairman Mohammed Fadel Al Mazrooei said, "We are very pleased to progress our relationship with GMG in the UAE. The potential of this innovative product to bring both emission and energy savings to customers throughout the region aligns with our country's strategy for environment and sustainability. The importance of THERMAL-XR® and Clean-tech Graphene products in general to this part of the world is recognised today with the attendance of His Excellency Ahmed Al Khatib, and the Honorable Ms. Donna Massie here at the Australian Pavilion of EXPO 2020 DUBAI."
Trade and Investment Queensland Commissioner Middle East Ms. Donna Massie said, "GMG is an exceptional Queensland company with excellent values providing sustainable, innovative world-class energy saving and storage solutions. Trade and Investment Queensland are very pleased to support this LOI and to continue to assist and support GMG's growth and development in all Middle East markets."
GMG's Middle East and North Africa Representative Mounir Bouaziz added "This region has a big challenge when it comes to the energy costs to cool buildings. A simple solution such as Thermal-XR that can reduce energy costs has great potential here. The Letter of Intent provides a rapid pathway for mobilisation, operations, and future growth between GMG and OPENIA for the distribution of THERMAL-XR® within the United Arab Emirates".
About OPENIA
OPENIA is a Dubai-based local solutions provider that helps international companies and startups establish and develop their business throughout the Middle East and North Africa. By researching new solutions and opportunities, they consult with their clients and regional partners to develop and implement strategies to maximize their impact within the region. For further information regarding OPENIA, please contact Chris Pugh, General Manager, at chris@openia.ae, +971 58 9771493.
About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also in the early stages of pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to: (a) the deployment of the Company's resources, including its personnel; (b) global market trends, including the growing demand for cooling, its impacts on power generation, distribution capacity and business operational costs; (c) potential applications and expected performance, safety profile and production and maintenance requirements of the THERMAL-XR® coating system; (d) the Company's expansion and potential for growth in the Middle-East market and the regional importance of THERMAL-XR®; (e) future collaboration between the Company and OPENIA for the distribution of THERMAL-XR® within the United Arab Emirates; (e) the intention of the Company to research, develop and produce certain products; and (f) the Company's intention to engage third parties to assist in the development of its products.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the accuracy of the Company's cost and timing expectations, the ability of the Company to achieve the expected results of its THERMAL-XR® coating system, that the Company will be successful in the deployment of its resources and personnel, that the Company will be able to negotiate and enter into a definitive binding agreement with OPENIA with respect to the exclusive distribution of THERMAL-XR®, that market demand for the Company's products will be consistent with the Company's expectations, that the Company's operations and ability to develop its products will not be adversely impacted by COVID-19, the Company's ability to research, develop and test its products within anticipated timelines, that results of testing and development data will be consistent with anticipated results and estimates. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) GMG's operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact GMG's business and the ability of the Company to produce, develop or distribute its products; (c) the volatility of global capital markets; (d) political instability; (e) the failure of GMG to attract and retain skilled personnel; (f) unexpected development and production challenges; (g) GMG could face technology or software disruptions; (h) unanticipated costs; (i) the transactions contemplated by the LOI may not be completed; (j) market demand for GMG's THERMAL-XR® coating system may not meet the Company's expectations; and (k) the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available for review on the Company's profile at www.sedar.com, many of which are beyond the ability of the Company to control or predict. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither GMG nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this press release. Neither GMG nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this press release by you or any of your representatives or for omissions from the information in this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87830
SKYG.v $SRKZF neighbour Amex (AMX.v $AMXEF) Expands the Core of the High Grade Zone Near Surface at Perron With Intercepts of Up to 36.86 G/T Au Over 13.10 Metres, Including 529.06 G/T Au Over 0.75 Metre From Hole Pe-21-329
by @accesswire on 15 Jun 2021, 00:01
HGZ Highlights - Near Surface
36.86 g/t Au over 13.10 metres, including 78.47 g/t Au over 0.65 metres and 529.06 g/t Au over 0.75 metre, for a metal factor of 483 at a vertical depth of approximately 200 metres in hole PE-21-329. This intersect expands and improves the richest part of the High Grade Zone at the ~200 metres level.
15.18 g/t Au over 14.85 metres, including 195.79 g/t Au over 0.50 metre and 161.64 g/t Au over 0.65 metre, for a metal factor of 225 at a vertical depth of approximately 175 metres in hole PE-21-338
HGZ Highlights - At Depth
38.07 g/t Au over 2.60 metres, including 177.20 g/t Au over 0.55 metre, for a metal factor of 99 at a vertical depth of approximately 450 metres in hole PE-21-307W1
MONTREAL, QC / ACCESSWIRE / June 15, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSX-V:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report additional drill results focused on definition and expansion drilling of the High Grade Zone ("HGZ") of the Eastern Gold Zone ("EGZ") on the Perron Gold Project, Quebec. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones. Click here to hear more from Jacques Trottier, Executive Chairman, Live from the Amex Core Shack.
Today's results are focused on definition drilling of the High Grade Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results is available in Table 1 and presented in Figure 2. See Figure 2 for the location of the pending holes as well as those containing visible gold (VG) at the HGZ.
Jacques Trottier, Executive Chairman of Amex commented, "We continue to see these super high grade results in the core part of the HGZ. PE-21-329 is in fact the third highest grade intersect on the project with a metal factor of 483 and is surrounded by the other very high grade holes. (Figure 3) We are seeing a jewel box building in the heart of the HGZ near surface from about 100 m from surface down to about the -300 m level. These results will clearly have a very positive impact on the number of ounces and the overall grade on the resource calculation that we will be initiating at the end of the year."
Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ.
Figure 2: Longitudinal section of the High Grade Zone looking South, with today's results labelled in green.
Figure 3: Core photos showing visible gold
Table 1: Assay Results from the High Grade Zone at Perron
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Zone
Vertical Depth (m)
PE-21-307W1
512.40
515.00
2.60
38.07
HGZ
~450 m
Including
513.00
513.55
0.55
177.20
PE-21-329
228.90
242.00
13.10
36.86
HGZ
~200 m
Including
229.50
230.15
0.65
78.47
Including
240.10
240.85
0.75
529.06
PE-21-338
201.40
216.25
14.85
15.18
HGZ
~175 m
Including
201.95
202.55
0.60
8.33
Including
212.80
213.60
0.80
16.27
Including
213.60
214.10
0.50
195.79
Including
214.10
214.75
0.65
161.64
PE-21-281
347.50
350.70
3.20
8.13
HGZ
~300 m
Including
348.50
349.00
0.50
42.47
*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~65-80% in HGZ and Denise.
Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,560 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. 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 these forward-looking statements except as otherwise required by applicable law.
SOURCE: Amex Exploration, Inc.
View source version on accesswire.com:
https://www.accesswire.com/651593/Amex-Expands-the-Core-of-the-High-Grade-Zone-Near-Surface-at-Perron-With-Intercepts-of-Up-to-3686-GT-Au-Over-1310-Metres-Including-52906-GT-Au-Over-075-Metre-From-Hole-Pe-21-329
SKYG.v $SRKZF neighbour Amex AMX.v $AMXEF Reports High Grade Gold Near Surface and at Depth at the High Grade Zone (HGZ)
by @accesswire on 7 Jun 2021, 00:01
HGZ - near surface
32.91 g/t Au over 6.40 metres, including 148.82 g/t Au over 1.40 metres, for a metal factor of 210 at a vertical depth of approximately 130.00 metres in hole PE-21-321
HGZ - at depth
27.06 g/t Au over 8.85 metres, including 317.18 g/t Au over 0.70 metres, for a metal factor of 239 at a vertical depth of approximately 930.00 metres in hole PE-21-301
Numerous assay results are pending including 13 holes with visible gold in the HGZ
MONTREAL, QC / ACCESSWIRE / June 7, 2021 / Amex Exploration Inc. ("Amex or the Company") (TSX-V:AMX)(FRA:MX0)(OTCQX:AMXEF) is pleased to report additional drill results focused on definition drilling of the High Grade Zone ("HGZ") of the Eastern Gold Zone ("EGZ") on the Perron Gold Project, Quebec. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.
Today's results are focused on definition drilling of the High Grade Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results is available in Table 1 and presented in Figure 2. In addition to the results detailed below, Amex is awaiting results on over 22,000 samples at two labs from holes targeting the HGZ, Denise, and Grey Cat Zone, as well as regional exploration drilling. See Figure 2 for the location of the pending holes as well as those containing visible gold at the HGZ.
Jacques Trottier, PhD Executive Chairman of Amex said, "As we work towards a maiden resource it is important to demonstrate the exceptional high-grade nature and consistency of this High Grade Zone. Today we announced two additional holes with a metal factor of more than 200. Our goal is to demonstrate the continuity and predictability of this exceptional system. All the definition drilling holes that have been drilled inside the projected mineralized envelope to date have displayed a significant amount of visible gold and more important results are still to come. I am especially excited to see results from holes PE-21-338, PE-21-329, PE-21-307W1, PE-20-165W2 and PE-21-301W1. We have worked with our labs to shorten the assay turn around time for results and I am seeing a marked improvement. I look forward to reporting results on a more regular basis."
Figure 1: Plan Map of the Eastern Gold Zone that encompasses Denise and HGZ.
Figure 2: Longitudinal section of the High Grade Zone looking South, with today's results labelled in green and visible gold in gold.
Table 1: Assay Results from the High Grade Zone at Perron
HGZ Results
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Vertical depth (m)
PE-21-301
1054.40
1063.25
8.85
27.06
~930
Including
1054.40
1054.90
0.50
9.89
Including
1060.60
1061.30
0.70
317.18
PE-21-321
149.60
156.00
6.40
32.91
~130
Including
153.70
155.10
1.40
148.82
Including
153.70
154.55
0.85
159.80
Including
154.55
155.10
0.55
131.86
*Note that drill results are presented uncapped and lengths represent core lengths. True width is estimated to be ~65-80% in HGZ and Denise.
Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.
About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.
For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and Denise Zone, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. 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 these forward-looking statements except as otherwise required by applicable law.
SOURCE: Amex Exploration Inc.
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NEWFOUNDLAND’S AREA GOLD PLAY:
A 21ST CENTURY KLONDIKE GOLD RUSH ANALOG?http://321gold.com/editorials/newfoundland/klondike.pdf
NEWFOUNDLAND’S AREA GOLD PLAY:
A 21ST CENTURY KLONDIKE GOLD RUSH ANALOG?http://321gold.com/editorials/newfoundland/klondike.pdf
SKYG.v $SRKZF Sky Gold Highlights Gold in Soil Geochemical Anomalies on the Mustang Property, Newfoundland
by @accesswire on 2 Jun 2021, 05:00
VANCOUVER, BC / ACCESSWIRE / June 2, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZF) ("Sky Gold Corp." or the "Company") reports on the identification of several new gold-in-soil geochemical anomalies in the northern and western portions of the Mustang Property, Newfoundland. The Company plans to follow up these anomalies with diamond drilling and intends to drill possible extensions of interpreted structural trends identified on the contiguous Mt. Peyton project, owned by Exploits Discovery Corp. ("NFLD").
"We are excited to have such a strong geochemical signature along the border with Exploits in the same area they have high priority drill targets now being tested." stated Mike England, CEO of Sky Gold. "We are also encouraged with the identification of other new gold targets at Mustang that will be further investigated to define potential drill targets later in the summer."
Target area highlights include:
North Woodman Pond Target - Covering an area of 2,000 by 750 metres, this target includes the highest gold-in-soil values received to date of 55 parts per billion gold ("ppb" Au), with highly anomalous arsenic (As) at 87 parts per million ("ppm"). This target is flanked on both sides by the Schooner Fault and offset structures, as identified on NFLD's contiguous Mt. Peyton project, where NFLD has recently announced (see news release dated May 27th, 2021) plans to drill approximately 3,000 m in twelve HQ-diameter diamond drill holes. The Schooner Fault represents a sub-parallel trending fault system, identified by GoldSpot Discoveries Corp. (SPOT) for NFLD, located approximately 3.5 km west of the known gold bearing Appleton Fault that hosts New Found Gold's Keats, Lotto, and Knob Zone gold discoveries.
West Targets - Comprises multiple gold-in-soil anomalies with values up 54 ppb Au, 194 ppm As, and anomalous lead (Pb), and antimony (Sb) over an area measuring approximately 1,000 metres x 600 metres oriented in a NE-SW direction, paralleling the interpreted Dog Bay Line regional structure. The soil anomalies are located east of the Jasperoid and Barite Showings. Rock grab sampling (six samples) in 2012 on the Jasperoid Showing ranged from 26 ppb to 1071 ppb Au (Assessment Report 002D/15/0865 - M. Quinlan, Owner, September 2012). Earlier sampling in 2004 returned up to 940 ppb Au (Assessment Report 002D/15/0865 - M. Quinlan, Owner, September 2012). The Barite showing in 2012 (six samples) returned up to 940 ppb Au in grab samples. Other anomalous elements include Pb (ranging from 0.57% to 1.23%), Zinc (Zn) (ranging from 0.30 to 0.57%) and Silver (Ag) (10.2 g/t AG, 26.6 g/t, and 30.0 g/t Ag) were also reported in the 2012 assessment report.
RB (Road Breccia) Target - The RB Target comprises low level gold-in-soil anomalies ranging from 5 to 17 ppb Au, with associated anomalous As values. The anomaly area measures roughly 1,200 metres by 600 metres, in an east-west direction, with anomalous copper (Cu) values being more widespread. Grab rock sampling from the Road Breccia showing sampling in 2012 (10 samples) ranged from 21 to 421 ppb Au.
Soil Geochemistry Survey Details
Soil sampling recently completed by Sky Gold comprised 445 samples collected across three sample grids. All grids were oriented 315o-135o and varied from 100 m (13 lines), to 350 m (5 lines) to 400 m (five lines) line spacing. Sample processing and assays were completed by Eastern Analytical Labs of Springdale, Newfoundland. The minus-80 mesh fractions of the samples were analyzed by Fire Assay for Au, and Induction-Coupled Plasma optical emission analysis (ICP-OES), after four-acid (HCl/HNO3/HClO4/HF) digestion for Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cu, Fe, In, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Se, Sn, Sr, Ti, U, V, W, Zn and Zr.
The Company also owns the Virginia property in Newfoundland, located contiguous to the southern margin of Labrador Gold Corp.'s Kingsway property where drilling is active on the Big Vein target. The Virginia property has received all necessary permits for its maiden diamond drill program planned for this summer.
Qualified Person
Catherine Fitzgerald, P.Geo., a Qualified Person under National Instrument 43-101, and Independent Director of Sky Gold, is the Qualified Person responsible for reviewing and approving the technical contents of this news release as they pertain to the Mustang and Virginia properties.
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. In addition to the Company's Newfoundland properties, the Company also owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for gold mineralization and CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization.
ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Tel. 1-604-683-3995
Toll Free. 1-888-845-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM)
SOURCE: Sky Gold Corp.
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https://www.accesswire.com/650053/Sky-Gold-Highlights-Gold-in-Soil-Geochemical-Anomalies-on-the-Mustang-Property-Newfoundland
SKYG.v $SRKZF Sky Gold Highlights Gold in Soil Geochemical Anomalies on the Mustang Property, Newfoundland
by @accesswire on 2 Jun 2021, 05:00
VANCOUVER, BC / ACCESSWIRE / June 2, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZF) ("Sky Gold Corp." or the "Company") reports on the identification of several new gold-in-soil geochemical anomalies in the northern and western portions of the Mustang Property, Newfoundland. The Company plans to follow up these anomalies with diamond drilling and intends to drill possible extensions of interpreted structural trends identified on the contiguous Mt. Peyton project, owned by Exploits Discovery Corp. ("NFLD").
"We are excited to have such a strong geochemical signature along the border with Exploits in the same area they have high priority drill targets now being tested." stated Mike England, CEO of Sky Gold. "We are also encouraged with the identification of other new gold targets at Mustang that will be further investigated to define potential drill targets later in the summer."
Target area highlights include:
North Woodman Pond Target - Covering an area of 2,000 by 750 metres, this target includes the highest gold-in-soil values received to date of 55 parts per billion gold ("ppb" Au), with highly anomalous arsenic (As) at 87 parts per million ("ppm"). This target is flanked on both sides by the Schooner Fault and offset structures, as identified on NFLD's contiguous Mt. Peyton project, where NFLD has recently announced (see news release dated May 27th, 2021) plans to drill approximately 3,000 m in twelve HQ-diameter diamond drill holes. The Schooner Fault represents a sub-parallel trending fault system, identified by GoldSpot Discoveries Corp. (SPOT) for NFLD, located approximately 3.5 km west of the known gold bearing Appleton Fault that hosts New Found Gold's Keats, Lotto, and Knob Zone gold discoveries.
West Targets - Comprises multiple gold-in-soil anomalies with values up 54 ppb Au, 194 ppm As, and anomalous lead (Pb), and antimony (Sb) over an area measuring approximately 1,000 metres x 600 metres oriented in a NE-SW direction, paralleling the interpreted Dog Bay Line regional structure. The soil anomalies are located east of the Jasperoid and Barite Showings. Rock grab sampling (six samples) in 2012 on the Jasperoid Showing ranged from 26 ppb to 1071 ppb Au (Assessment Report 002D/15/0865 - M. Quinlan, Owner, September 2012). Earlier sampling in 2004 returned up to 940 ppb Au (Assessment Report 002D/15/0865 - M. Quinlan, Owner, September 2012). The Barite showing in 2012 (six samples) returned up to 940 ppb Au in grab samples. Other anomalous elements include Pb (ranging from 0.57% to 1.23%), Zinc (Zn) (ranging from 0.30 to 0.57%) and Silver (Ag) (10.2 g/t AG, 26.6 g/t, and 30.0 g/t Ag) were also reported in the 2012 assessment report.
RB (Road Breccia) Target - The RB Target comprises low level gold-in-soil anomalies ranging from 5 to 17 ppb Au, with associated anomalous As values. The anomaly area measures roughly 1,200 metres by 600 metres, in an east-west direction, with anomalous copper (Cu) values being more widespread. Grab rock sampling from the Road Breccia showing sampling in 2012 (10 samples) ranged from 21 to 421 ppb Au.
Soil Geochemistry Survey Details
Soil sampling recently completed by Sky Gold comprised 445 samples collected across three sample grids. All grids were oriented 315o-135o and varied from 100 m (13 lines), to 350 m (5 lines) to 400 m (five lines) line spacing. Sample processing and assays were completed by Eastern Analytical Labs of Springdale, Newfoundland. The minus-80 mesh fractions of the samples were analyzed by Fire Assay for Au, and Induction-Coupled Plasma optical emission analysis (ICP-OES), after four-acid (HCl/HNO3/HClO4/HF) digestion for Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cu, Fe, In, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Se, Sn, Sr, Ti, U, V, W, Zn and Zr.
The Company also owns the Virginia property in Newfoundland, located contiguous to the southern margin of Labrador Gold Corp.'s Kingsway property where drilling is active on the Big Vein target. The Virginia property has received all necessary permits for its maiden diamond drill program planned for this summer.
Qualified Person
Catherine Fitzgerald, P.Geo., a Qualified Person under National Instrument 43-101, and Independent Director of Sky Gold, is the Qualified Person responsible for reviewing and approving the technical contents of this news release as they pertain to the Mustang and Virginia properties.
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. In addition to the Company's Newfoundland properties, the Company also owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for gold mineralization and CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization.
ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Tel. 1-604-683-3995
Toll Free. 1-888-845-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM)
SOURCE: Sky Gold Corp.
View source version on accesswire.com:
https://www.accesswire.com/650053/Sky-Gold-Highlights-Gold-in-Soil-Geochemical-Anomalies-on-the-Mustang-Property-Newfoundland
GMG.v Graphene Aluminium-Ion Battery Progress Update
by @thenewswire on 1 Jun 2021, 06:21
(TheNewswire)
BRISBANE, QUEENSLAND, AUSTRALIA – TheNewswire - June 1st, 2021 - Graphene Manufacturing Group Ltd. (TSXV:GMG) (“GMG” or the “Company”) is pleased to provide the latest update on its graphene aluminium-ion battery technology (“G+AI Battery”) being developed by the Company and the University of Queensland.
Since GMG’s market update on May 11, 2021 (“GMG Graphene Aluminium-Ion Battery Performance Data”), the Company has appointed Director Robbert de Weijer as G+AI Battery Project Director and has instructed the Company’s Head of Technology and Head of Graphene Projects to prioritise the G+AI Battery’s technical progression. In addition, the Company’s new Chief Operating Officer together with the operating team are prioritising the production of the particular graphene needed for G+AI Battery production.
These moves reflect GMG’s determination to positively respond to the many encouraging, and varied inquiries the Company has received regarding the technical and commercial application of G+AI Batteries.
GMG’s Chief Executive Officer and Managing Director, Craig Nicol, stated: “More than 80 incoming requests from across the globe have been received by the Company from organizations seeking to explore potential applications in electric consumer vehicles, high-performance cars, heavy duty vehicles, motor bikes, air transport, personal appliances such as laptop computers and phones, grid-connected storage, and others. Several parties noted, among other things, the potential high power density of graphene aluminium-ion batteries which enables faster-charging; that graphene aluminium-ion batteries are expected to be greener and be able to be produced without lithium and rare earths; that the performance of such batteries are expected to be safer, with much lower fire risk; and finally that graphene aluminium-ion batteries are expected not to require the complexity and weight of cooling systems required by lithium-ion battery technology. The Company is encouraged by this initial interest and will continue to provide regular updates regarding the performance and development of its graphene aluminium-ion batteries as the research and development and commercial programmes progress.”
GMG is in the process of signing non-disclosure agreements with certain parties to provide for a confidential exchange of information in connection with the evaluation of a potential business relationship between the parties. In particular, the Company intends to determine whether it should engage such parties to assist in, among other things, defining the battery specifications for GMG’s pouch pack for certain applications.
As previously announced, GMG is seeking to bring coin cell commercial prototypes into production for customer testing in approximately 6 months and a pouch pack commercial prototype – used in mobile phones, laptops etc. - for customer testing in approximately 18 months.
The Company is also pleased to announce that it has engaged B. Riley Securities as its exclusive capital markets advisor and sponsor in connection with seeking quotation of the Company’s shares on the OTCQB market in the United States. The OTCQB is a leading market for entrepreneurial and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process.
About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to: (a) the development of the G+AI Battery; (b) the deployment of the Company’s resources, including its personnel; (c) potential applications and expected performance, safety profile and production and maintenance requirements of the G+AI Battery; (d) the execution of non-disclosure agreements; (e) the Company’s intention to engage third parties to assist in the development of its products; (f) the intention of the Company to produce certain products for testing and the corresponding expected timeframe for production; and (g) the Company’s intention to seek quotation on the OTCQB market. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the accuracy of the Company’s cost and timing expectations, the ability of the Company to achieve the expected results of its G+AI Battery, that the Company will be successful in the deployment of its resources and personnel, that the Company’s operations and ability to develop its products will not be adversely impacted by COVID-19, the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) GMG’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact GMG’s business and the ability of the Company to develop its products; (c) the volatility of global capital markets; (d) political instability; (e) the failure of GMG to attract and retain skilled personnel; (f) unexpected development and production challenges; (g) GMG could face technology or software disruptions; (h) unanticipated costs; and (i) the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available for review on the Company's profile at www.sedar.com, many of which are beyond the ability of the Company to control or predict. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither GMG nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this press release. Neither GMG nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this press release by you or any of your representatives or for omissions from the information in this press release.
Copyright (c) 2021 TheNewswire - All rights reserved.
WHN.v Westhaven Drills 0.45 Metres of 614 G/T Gold and 2,070 G/T Silver Within 41.55 Metres of 8.17 G/T Gold and 34.64 G/T Silver at Shovelnose
by @nasdaq on 1 Jun 2021, 06:15
VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce drill results from its ongoing drill campaign at its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.
Recent Highlights:
SNR21-04 (South Zone: Vein Zone 1, 82.00-123.55m)
41.55 metres (m) of 8.17 g/t gold (Au) and 34.64 g/t silver (Ag),
including 6.04m of 52.25 g/t Au and 195.04 g/t Ag,
including 1.22m of 253.05 g/t Au and 889.75 g/t Ag,
including 0.45m of 614 g/t Au and 2,070 g/t Ag.
SNR21-03 (South Zone: Vein Zone 1, 79.20-154.00m)
74.80m of 3.18 g/t Au and 18.92 g/t Ag,
including 5.13m of 26.13 g/t Au and 158.03 g/t Ag.
Also, 8.00m of 7.41 g/t Au and 55.32 g/t Ag,
including 1.32m of 31.90 g/t Au and 269.00 g/t Ag.
Gareth Thomas, President & CEO of Westhaven Gold, states: “These high-grade drill intercepts, including 614 g/t gold and 2,070 g/t silver, help further validate the high-grade nature of this project. Hole SNR21-04 is one of the shallowest high-grade Vein Zone 1 intercept drilled on Shovelnose to date. It is encouraging to see the expansion of mineralization and the continuity of high-grade within the South Zone, especially as we continue to drill this area in preparation for an inaugural maiden resource.” Thomas goes on to add: “With the recent exploration success at the FMN Zone (SN21-161: 15.97m of 9.15 g/t Au and 27.43 g/t Ag), and with several high-priority targets generated from ongoing exploration programs including geophysics, geochemistry and prospecting, a 3rd drill is being mobilized to the property.”
Peter Fischl, Exploration Manager, adds: “The recent results from holes SNR21-03 and SNR21-04 expanded the area of high grade (+100 gram-metres Au; see map below) situated along strike above 1250m elevation in Vein Zone 1. These two holes continued northeastward into the underlying Vein Zone 2, where significant intervals of mineralization were also encountered, including 1.64 g/t Au over 96.30m (SNR21-04, 219.00-315.30m).
Table of Recent Results (Newer Holes in Bold):
Hole ID Target From (m) To (m) Int (m) Au (g/t) Ag (g/t) High Au (ppb)
SN21-150 FMN 25.71 34.46 8.75 0.70 4.14 2880
including 32.80 34.46 1.66 2.27 2.97 2880
SN21-151 FMN 321.22 351.50 30.28 0.26 15.49 957
including 332.00 338.00 6.00 0.58 34.70 957
and 499.00 503.31 4.31 0.24 27.53 332
SN21-152 South Zone 291.00 310.00 19.00 0.38 26.86 1415
including 291.00 293.00 2.00 1.21 144.50 1415
SN21-153 FMN - - - - - 212
SN21-154 South Zone 365.89 369.15 3.26 0.72 33.90 1725
and 382.00 385.05 3.05 0.23 20.56 288
SN21-155 FMN 302.42 338.94 36.52 0.16 9.44 462
including 322.60 326.00 3.40 0.44 26.19 462
SN21-156 FMN 323.87 327.44 3.57 0.22 7.12 256
SN21-157 South Zone 302.88 318.29 15.41 0.37 17.48 1215
including 306.85 313.00 6.15 0.68 25.43 1215
SN21-158 FMN 93.22 150.90 57.68 0.68 11.19 31700
including 139.74 143.20 3.46 9.46 151.82 31700
including 139.74 140.64 0.90 31.70 529.00 31700
SN21-159 South Zone 343.15 352.12 8.97 0.79 20.39 3190
including 347.17 350.17 3.00 1.98 39.14 3190
and 361.60 371.00 9.40 1.88 15.85 13100
including 364.59 366.16 1.57 8.76 23.77 13100
SN21-160 South Zone 275.09 311.40 36.31 0.72 2.52 5150
including 276.00 290.00 14.00 1.58 3.46 5150
including 276.00 282.53 6.53 2.23 4.59 5150
SN21-161 FMN 220.32 236.29 15.97 9.15 27.43 30500
including 220.87 227.00 6.13 11.07 34.26 23500
including 226.00 227.00 1.00 23.50 52.60 23500
including 233.00 235.49 2.49 28.56 79.12 30500
SNR21-01 South Zone 130.92 162.00 31.08 0.73 1.45 5710
including 138.00 144.30 6.30 2.46 3.42 5710
and 180.23 232.00 51.77 4.22 46.42 84000
including 202.15 230.00 27.85 7.51 83.94 84000
including 205.00 211.25 6.25 20.11 273.07 57600
including 227.96 228.44 0.48 84.00 280.00 84000
SNR21-02 South Zone 167.00 246.00 79.00 2.73 15.78 28300
including 187.00 199.44 12.44 6.35 3.38 25800
including 193.78 197.44 3.66 16.98 7.73 25800
including 219.28 236.11 16.83 6.02 64.04 28300
including 220.03 223.68 3.65 14.82 211.64 28300
SNR21-03 South Zone 79.20 154.00 74.80 3.18 18.92 87100
including 87.87 93.00 5.13 26.13 158.03 87100
including 87.87 89.00 1.13 87.10 608.00 87100
including 92.00 93.00 1.00 31.60 98.70 31600
including 106.00 114.00 8.00 7.41 55.32 31900
including 112.68 114.00 1.32 31.90 269.00 31900
and 219.75 220.27 0.52 20.20 720.00 20200
and 238.86 243.49 4.63 1.38 5.80 9950
including 238.86 239.30 0.44 9.95 8.72 9950
and 258.59 280.61 22.02 2.86 11.70 17000
including 259.71 269.17 9.46 4.76 17.05 17000
including 272.48 273.00 0.52 6.08 22.80 6080
SNR21-04 South Zone 82.00 123.55 41.55 8.17 34.64 614000
including 111.78 117.82 6.04 52.25 195.04 614000
including 116.60 117.82 1.22 253.05 889.75 614000
including 116.60 117.05 0.45 614.00 2070.00 614000
and 219.00 315.30 96.30 1.64 8.01 123500
including 262.70 266.50 3.80 19.44 145.33 123500
including 264.30 264.76 0.46 123.50 946.00 123500
including 280.56 284.55 3.99 2.66 3.41 6200
including 292.95 296.50 3.55 7.49 9.53 18550
and 329.40 338.04 8.64 1.90 7.23 7040
including 331.07 332.58 1.51 7.04 27.40 7040
and 362.02 366.56 4.54 3.85 117.45 8110
including 362.94 363.77 0.83 8.11 262.00 8110
Please click the following link to the 2021 drill database table of assay results:
https://www.westhavengold.com/projects/shovelnose-gold/maps/
On behalf of the Board of Directors
WESTHAVEN GOLD CORP.
"Gareth Thomas"
Gareth Thomas, President, CEO & Director
Qualified Person Statement
Peter Fischl, P.Geo., who is a Qualified Person within the context of National Instrument 43-101 has read and takes responsibility for this release.
QA/QC
Core samples were prepared using the PREP-31 package in ALS’s Kamloops facility. Each core sample is crushed to better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250 g is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen. 0.75g of this pulverized split is digested by Four Acid and analyzed via ICP-MS (method code ME-MS61m (+Hg)), which reports a 49-element suite of elements. All samples are analyzed by Fire Assay with an AES finish, method code Au-ICP21 (30g sample size). Additional Au screening is performed using ALS’s Au-SCR24 method, select samples are dry screened to 100 microns. A duplicate 50g fire assay is conducted on the undersized fraction as well as an assay on the entire oversize fraction. Total Au content, individual assays and weight fractions are reported. All analytical and assay procedures are conducted in ALS’s North Vancouver facility. A QA/QC program included laboratory and field standards inserted every 25 samples. At least one field blank is inserted in every batch of 25 samples, with additional blanks inserted following samples with visible gold.
Westhaven’s ongoing Quality Assurance and Quality Control programs include auditing of all exploration data. Any significant changes will be reported when available.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Westhaven Gold Corp.
Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square kilometres) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration.
Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-336-6921 or visit Westhaven’s website at www.westhavengold.com
Maps accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/0d231447-8874-4635-80cf-3ed639dfb79d
https://www.globenewswire.com/NewsRoom/AttachmentNg/b0813231-af9e-4124-8671-b3ffada8f99e
https://www.globenewswire.com/NewsRoom/AttachmentNg/ef4be9a7-d42f-43ab-9550-57c3acbb79f9
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PLAN MAP
Plan Map
CROSS-SECTION
Cross-Section
INTERVALS OVER 100 Au g-m
Intervals Over 100 Au g-m
VXL.v $VXLLF Vaxil Provides Research and Development Update
by @nasdaq on 31 May 2021, 04:50
Not for distribution by US newswire or in United States
NESS-ZIONA, Israel, May 31, 2021 (GLOBE NEWSWIRE) -- VAXIL BIO LTD. (“Vaxil” or the “Company”) (TSX VENTURE: VXL), an innovative immunotherapy biotech company specializing in cancer and infectious diseases, is pleased to provide the following update on its research and development program.
Vaxil is increasing its attention and resource allocation to establish an effective oral delivery mechanism across its Signal Peptide ("SP") platform as a way to distinguish the platform for treatment in oncology and infectious diseases. Last year, the Company announced positive signs of an immune response which were observed in an exploratory oral delivery experiment. In pursuit of this strategy, Vaxil has commenced pre-clinical work to further establish the ability to generate an immune response with an oral delivery mechanism. This work is being done both independently as well as in partnership with an established oral delivery company. Further updates will be provided when available.
In addition, Vaxil has put its COVID-19 vaccine work on temporary hold, as a result of how the COVID-19 vaccine market has evolved and the success of early entrants. The Company has determined it will better serve patients and shareholders to use its resources on oral delivery development as well as its other development programs.
Vaxil’s strategy remains focused on delivering long-term value based on the unique benefits of SP's including their broad and robust immune response, both cellular and humoral, their reduced sensitivity to genetic mutation and manufacturing efficiency, especially in oncology. To that end, the Company continues to strengthen the value proposition of SPs across these therapeutic areas, by demonstrating the ability to generate a robust and consistent immune response.
Vaxil has the financial means to pursue these current programs with existing capital. In the future, additional financing may be required.
ABOUT VAXIL
The company posts periodic updates through videos from the official company’s YouTube channel https://www.youtube.com/channel/UC0M029aN8g6beW09Drgt0dQ
Vaxil is an Israeli immunotherapy biotech company focused on its novel approach to targeting prominent cancer markers and infectious diseases. Its lead product ImMucin™ successfully completed a Phase 1/2 clinical trial in multiple myeloma for which it received orphan drug status from the FDA and EMA. The company aims to continue to develop ImMucin™, a COVID-19 and a tuberculosis vaccine / treatment that has demonstrated promising preliminary results with further preclinical evaluation planned. Additional indications and mAb candidates are under evaluation as immuno-oncology and infectious disease treatments alone and in combination with other treatments.
Vaxil exploits the unique properties of signal peptide domains on crucial proteins to develop targeted therapies against cancer targets and infectious disease pathogens. These signal peptide domains are identified by VaxHit™, Vaxil’s proprietary bioinformatic approach. These signal peptides induce a robust T- and B-cell response across wide and varied HLA subtypes, while acting as true, universal neoantigens. The peptide platform targets these cells by “educating” or specifically activating the immune system to recognize and attack the affected cells. In addition, Vaxil’s mAb platform directly recognizes the target protein expressed on malignant cells and recruits other elements of the immune system to lyse those cells.
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.
Disclaimer: The Company cautions that COVID-19 Vaccine Development is still under early-stage research and development and is not making any express or implied claims that it has the ability to eliminate the COVID-19 virus at this time. The TSX Venture Exchange Inc. has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States or elsewhere. These securities have not been, and will not be, registered in the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.
CONTACT INFORMATION
For further information please visit http://vaxil-bio.com/ or contact:
North Equities, info@northequities.com
David Goren, CEO -- info@vaxil-bio.com, +972 (52) 720-6000
Company Youtube channel
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VST.ca $VSQTF Victory Square Technologies Provides Corporate Update as at May 31, 2021
by @nasdaq on 31 May 2021, 06:10
While 2020 represented an ‘Inflection Point’ in the Victory Square business model, 2021 can be labelled the “Harvest”. Following the successful spin-off of FansUnite in 2020, we’ve got GameOn, Immersive and potentially 3 more portfolio companies teed up to be spun off in the next 12 months. - Shafin Diamond Tejani Victory Square CEO
VANCOUVER, British Columbia, May 31, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square'' or “the Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: digital health, gaming, blockchain, AR/VR, cybersecurity, the circular economy and cloud computing is pleased to provide a corporate update as at May 31, 2021.
Victory Square Technologies Reported Record Net Income of $19,733,031 and Positive Earnings Per Share of $0.30 in Fiscal 2020. Four Consecutive Quarters of Positive Net Income and Earnings Per Share
Issued a Special Common Share Dividend of Its Interest in Portfolio Company GameOn Entertainment Technologies Inc.
Victory Square Board of Directors Approved a Special Common Share Dividend of Its Interest in Portfolio Company Fantasy 360 Technologies Inc. dba Immersive Tech Upon Listing and is Subject to CSE and Other Necessary Approvals
Announced Oversubscribed Financings for Portfolio Companies: GameOn, Immersive Tech and Fansunite
Acquired IV Hydreight, a Mobile Health and Online Pharmacy Solution
IV Hydreight Teamed up with Victory Square Health to Expand its Offerings in Brazil
Launched DiscreetCare.com, a Telehealth Service Across the USA
Completed $6,000,000 Sale of VPN Platform
Signed Binding Letter of Intent to Invest in Renewable Energy Company - Stardust Solar
GameOn to Begin Trading June 1, 2021 on the CSE Under the Symbol (CSE:GET)
Featured in: Forbes, Entrepreneur & Worth Magazine
“Over the past 48 months, the Company has teamed up with some of the brightest and forward thinking entrepreneurs from around the world. The success of many of the earlier invested companies resulted in VST posting record net income of just under $20M and positive earnings per share of $.30 for fiscal 2020. While 2020 represented an ‘Inflection Point’ in the Victory Square business model, 2021 can be labelled the “Harvest”. Following the successful spin-off of FansUnite in 2020, we’ve got GameOn, Immersive and potentially 3 more portfolio companies teed up to be spun off in the next 12 months. In addition, we’ve seen significant growth in 2021 from our other portfolio companies, including Covalent, Hydreight and the recent launch of DiscreetCare.com,” said Shafin Diamond Tejani Victory Square CEO.
The Company is pleased to provide an update from January 1, 2021 through to May 31, 2021.
January 2021
Victory Square Technologies to Implement Normal Course Issuer Bid Share Buy-Back Program in 2021
Immersive Tech, Announces the Creation of World’s First COVID-safe Location-Based Entertainment (LBE) Virtual Reality (VR) Division “UNCONTAINED”
FansUnite Entertainment (CSE:FANS) Announces Closing of Upsized and Oversubscribed $13.4 Million Private Placement
Immersive Tech, Hires Former Senior Executive of the ‘The VOID’, Steven Dooner to lead UNCONTAINED Franchise Development
February 2021
Victory Square Technologies Announces Completion of Acquisition of IV Hydreight, An On-Demand & On-Site Mobile Health, Pharmaceutical & Wellness Service Provider Across the USA
GameOn Announces J Moses as Chairman of Board of Directors
Gaming Veteran Mike Vorhaus Joins GameOn as Strategic Advisor
Former Soccer Star Tim Cahill Joins GameOn as Strategic Advisor
March 2021
Victory Square Technologies Completes $6,000,000 Sale Of VPN Platform To Cloud Nine Web3 Technologies
GameOn completes an oversubscribed $5,800,000 financing round
Victory Square Technologies Provides 2021- Q1 Corporate Update
Former Head of Business at Apple News+, Liz Schimel, Joins GameOn Entertainment Technologies’ Board of Directors
Victory Square Technologies CEO Issues Future Forecast Letter to Shareholders
Immersive Tech Teams Up With Celebrity YouTube Creator Chris Ramsay On An Exclusive Immersive Experience That Will Be Featured On His Social Media Channels To His 6.4 Million Fans
Immersive Tech Adds Three “Game Changers” To Its Strategic Advisory Board
Hydreight & Victory Square Health, Team Up To Expand Telehealth Product Offerings in Brazil
April 2021
Victory Square Technologies Reports Record Net Income Of $19,733,031 and Positive Earnings Per Share of $0.30 in Fiscal 2020
Victory Square Technologies Inc. Announces Closing of Immersive Tech’s Oversubscribed Financing For Gross Proceeds of $2.3 Million
Immersive Tech, Announces LOI With Autobahn Indoor Speedway For An Initial Purchase Of Their “UNCONTAINED” VR Attraction With An Option To Purchase Up To 10 Units
UNCONTAINED - Product Reveal Promo
Victory Square Technologies Portfolio Companies Announce Strategic Partnership to Launch NFT (Non-Fungible Token) Products & Managed Services Platform
VST signed a Binding LOI with Stardust Solar. Stardust Solar is a leading renewable energy company operating across North America.
May 2021
Victory Square Technologies Declares a Special Common Share Dividend Of Its Interest in Portfolio Company GameOn Entertainment Technologies Inc.
GameOn Announces Start of Trading On The CSE Under Symbol (CSE:GET) on June 1, 2021
Victory Square Technologies Launches DiscreetCare – a Full-Service Web App for the Treatment of Sensitive & Delicate Medical Issues
Media & Conferences
The Company’s Executive Team has been featured in a variety of publications which include: Forbes, Entrepreneur and Worth. Additionally, the Company has been actively engaged in many virtual conferences this year, including: H.C. Wainwright CryptoCurrency Blockchain and FinTech conference, The Planet MicroCap Virtual Showcase, and the Lytham Conference.
Forbes : How To Jump-Start Your Second-Order Thinking After The Crisis
Forbes: The Cybersecurity Gap Hidden In The Background
Forbes: UNCONTAINED Hopes To Fill The Void Left In LBVR With Hyper-Immersive Plug-And-Play Modular Units
Forbes: This Week In XR: Apple VR, Save Poly, LBVR Still Kicking
Entrepreneur: How Smart Toilets, Toothbrushes and Thermometers May Soon Save Your Life
Entrepreneur: Why Voice Tech Will Be the Post-Crisis Standard -- and Not Just for Ordering Pizza
Entrepreneur: The Next Big Thing for TV: Co-Viewing
Worth: What I’ve Learned From Working With Gen Z Entrepreneurs
Visit VictorySquare.com and sign up for the official newsletter of Victory Square at www.VictorySquare.com/newsletter.
On behalf of the board,
Shafin Diamond Tejani
Chief Executive Officer
For further information about the Company, please contact:
Investor Relations Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604 283-9166
Media Relations Contact – Howard Blank, Director
Email: howard@victorysquare.com
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth.
VST's sweet spot is the cutting-edge tech that's shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn't just another investor. With real skin in the game, we're committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors
For investors, we offer early-stage access to the next unicorns before they're unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we're able to provide strong and stable returns while also tapping into emerging global trends with big upsides.
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).
For more information, please visit www.victorysquare.com.
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)
The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.
The Canadian Securities Exchange, nor its Regulation Services Provider has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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SKYG.v $SRKZF Sky Gold Corp Acquires the Imperial Project Located Contiguous to Amex Exploration’s Perron Project, Quebec, Expanding Precious and Base Metal Exploration Portfolio
by @accesswire on 27 May 2021, 05:01
VANCOUVER, BC / ACCESSWIRE / May 27, 2021 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF) ("Sky Gold" or the "Company") is pleased to announce that it has signed two definitive agreements (collectively the "Agreement") for two contiguous claim blocks (the "claims" or "Projects") comprising the Imperial Property ("Imperial" or the "Property") which shares 4.7 kilometers of it's northern border with Amex Exploration's (TSX-V: AMX) Perron Property in Quebec, where high-grade gold has been intersected in three zones along a 3.2 kilometre corridor. To the east, the claims adjoin Generic Gold Corp. (CSE: GGC) who are set to commence 7,500 metres of drilling in the coming weeks, targeting both orogenic gold and gold-rich volcanogenic massive sulfides (VMS) style mineralization. The two Projects, named La Reine and Le Roi, comprise a combined 228 claims covering approximately 6,575.84 hectares in the gold and VMS-prospective Abitibi Greenstone Belt region of Ontario and Quebec. Refer to maps in Figures 1 & 2.
Mike England, CEO & President, commented: "The acquisition of the Imperial Property is a result of over 12 months of discussions and negotiations, and we are most excited to finally get this deal done. New geological interpretations in Quebec have now been leading to very exciting discoveries, such as Amex and Starr Peak have seen, and we are eager to begin exploring for gold and base metals in very similar geological units in Quebec as well as on trend across the border into Ontario."
The Imperial Property
The Imperial Property is located to the Southwest of, and contiguous with Amex Exploration Inc.'s (TSX-V: AMX) Perron project, which has made several significant high-grade gold discoveries. Recently announced noteable gold intersections at Perron include 70.92 g/t Au over 3.90 metres, including 367.50 g/t Au over 0.60 metres, at 160 metres vertical depth, and 70.92 g/t Au over 3.90 metres, including 367.50 g/t Au over 0.60 metres, at 190 metres vertical depth (refer to AMX news release May 26, 2021). Further to the Northeast is the past-producing Normétal mine, currently held by Starr Peak Exploration (TSX-V: STE), which was mined periodically from the 1930's through to 1975 from surface to a depth of 2.4 km (SIGEOM-Mine Normétal).
The Property is underlain by a mafic-intermediate metavolcanics belt of the Stoughton-Roquemaure Group and the Hunter Mine Group, bordered to the North by a greywacke Unit of the Chicobi Group and to the South by the Abitibi Lake syn-tectonic pluton. The Property is crossed east-west by the Abitibi Thrust Fault, which dips 70 degrees to the South. The overall lithological package strikes east-west and deeps steeply to the South and is contiguous to the Amex Exploration property to the North East.
Historical exploration efforts across the Property have resulted in the discovery of 10 mineral showings (Mineral Deposit Inventory Record - Ontario Government) across the project. Historical exploration works include diamond drilling, overburden drilling, airborne magnetics, ground geophysics including magnetics and electromagnetics, surface geochemistry, geological mapping, and prospecting. Companies that conducted the work include but are not limited to Kennco, Canadian Superior Ltd., Asarco, Cominco, Eastern Mines Inc., Seal River Exploration, and East West Resources Corp. Mineralization at showings range from anomalous copper and zinc associated with disseminated to massive sulfide layers (pyrrhotite/pyrite), gold in till from overburden drill sampling with a high amount of delicate gold grains (indicating a proximal source), as well as trace to anomalous gold and copper in diamond drilling.
Figure 1: Sky Gold Corp.'s Imperial Property with respect to neighbouring projects including Amex Exploration, Starr Peak Mining, and Generic Gold Corp.
* Mineralization hosted on adjacent and nearby properties is not necessarily indicative of mineralization hosted on the Company's properties.
Figure 2: Sky Gold Corp.'s Imperial Property underlain by geology as mapped by the Ontario Geological Survey and Ministère de l'Énergie et des Ressources naturelles of Quebec
Definitive Agreement Terms
The Agreements set out proposed transactions (the "Proposed Transaction") pursuant to which Sky Gold will acquire a 100% interest in two separate vendor's (collectively the "Vendors") Projects, collectively called the Imperial Property. The proposed transactions are subject to TSX Venture Exchange (the "Exchange") approval.
To purchase a 100% interest in the two Projects the Company will pay cumulative payments, within 5 days of TSX Venture approval, of 10,500,000 shares of the Company, $150,000 cash and grant the Vendor's a 3% Net Smelter Return (NSR) for each of the two agreements, of which one (1%) can be purchased by the Company from each Vendor at any time for $1,000,000.
Qualified Person - Catherine Fitzgerald, P.Geo., a Qualified Person under National Instrument 43-101, and Independent Director of Sky Gold, is the Qualified Person responsible for reviewing and approving the technical contents of this news release as they pertain to the Imperial Project.
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. In addition to the Company's Newfoundland properties, the Company also owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for gold mineralization and Carbonate Replacement Deposit (CRD) base and precious (silver and gold) mineralization.
ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Tel. 1-604-683-3995
Toll Free. 1-888-845-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
SOURCE: Sky Gold Corp.
View source version on accesswire.com:
https://www.accesswire.com/649391/Sky-Gold-Corp-Acquires-the-Imperial-Project-Located-Contiguous-to-Amex-Explorations-Perron-Project-Quebec-Expanding-Precious-and-Base-Metal-Exploration-Portfolio
SKYG.v $SRKZF Another test of surrounding ground is underway by our neighbours to the north $NFLD as they kick off their maiden drilling program on their Schooner prospect, the Schooner is 3.5km away from the NFG "Keats Zone" and a portion of their claims are completely surrounded by the co's (SKYG) Mustang claim block... by @thenewswire on 27 May 2021, 00:05
Exploits to Begin Drilling at Schooner North, MT. Peyton, NL
(TheNewswire)
Vancouver, British Columbia - TheNewswire – May 27th, 2021 - Exploits Discovery Corp. (“Exploits” or the “Company”) (CSE:NFLD) (OTC:NFLDF) (FSE:634-FF) (CNSX:NFLD.CN) is pleased to announce that it has mobilized a diamond drilling rig, and will commence Phase One drilling today at Exploits’ 100% owned Schooner Prospect (the “Prospect”), located within Exploits’ Mt. Peyton Project (the “project”) in the Exploits Subzone Gold Belt, Newfoundland.
Highlights
- A diamond drill has been mobilized, and will begin drilling today at the Schooner Prospect, south of the town of Glenwood, in the Mt. Peyton Project.
- The drilling program will test the Schooner Fault Zone identified by GoldSpot Discoveries Corp. (TSX.V: SPOT), a sub-parallel trending fault system located 3.5 km west of the known gold bearing Appleton Fault that hosts New Found Gold’s Keats, Lotto, and Knob Zone gold discoveries.
- Exploits is currently permitted to drill twelve HQ diamond drill holes for an approximate meterage of 3,000m.
- Following phase one drilling at Schooner, Exploits plans to immediately relocate the drill to the Quinlan Vein Prospect at the Dog Bay Project.
Michael Collins, President & Chief Executive Officer of Exploits, commented: “Getting a drill turning marks a significant milestone for the team at Exploits. The Schooner Prospect was selected as the first of our five drill targets due to ground magnetics and airborne VTEM geophysical anomalies highlighting a fault system analogous to New Found Gold’s growing Keats and Lotto deposits along the Appleton Fault. Drilling will allow us to develop our understanding of these structural systems which produce gold mineralization in this gold belt.”
About the Schooner Prospect
The Schooner Fault Zone was identified in early 2021 through historical compilation work of historic till samples, re-interpretation of regional magnetic geophysics, and Exploits’ partner GoldSpot Discoveries Corp.’s (TSXV: SPOT) data analysis techniques. The results delineated a fault structure with coincident gold in till samples trending parallel to the Appleton Fault, approximately 3.5 kilometres to the east, that hosts New Found Gold’s Keats, Lotto, and Knob gold discoveries. During winter and spring of 2021, the Company commenced a tightly spaced, high resolution, airborne VTEM geophysical survey as well as two ground magnetic surveys over the Schooner Fault Zone. The geophysical data has been paramount in delineating the primary and secondary faults and highlighting the high priority targets in preparation for drill placement.
Map of the Schooner Prospect
Click Image To View Full Size
Figure 1: Exploits Discovery Corp.’s Schooner Prospect drill targets. Note: Drill collars in the map are not final and subject to change based on the drill results.
Drilling Quality Assurance – Quality Control (“QA/QC”)
All rock samples are collected by company personnel and bagged in the field with a sample tag for identification. The bags are sealed with tape and kept secure at a company facility until they are transported directly to the lab by Exploits staff.
Rock samples are analyzed at Eastern Analytical of 403 Little Bay Road, Springdale, NL, a commercial laboratory that is ISO/IEC 17025 accredited and completely independent of Exploits Discovery Corp. Eastern Analytical pulverized 1000 grams of each sample to 95% < 89 µm. Samples are analyzed using fire assay (30g) with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. All samples with visible gold or assaying above 1.00 g/t Au are further assayed using metallic screen to mitigate the presence of the nugget effect of coarse gold. Standards and blanks are inserted at defined intervals for QA/QC purposed by the Company as well as the lab.
Katie / Duder Lake / Gazeebow West Claim Arbitration
The Company also announces that it has been notified by the Department of Industry, Energy and Technology of the Government of Newfoundland and Labrador that three mineral license applications (31452M, 31453M and 31454M) forming part of its Katie Duder Lake and Gazeebow West projects have been rejected. The applications were rejected due to the process under which they were submitted. The Company intends to seek adjudication of the decision with the Mineral Rights Adjudication Board to ensure that its rights to the licenses are protected and will provide further information as it becomes available. These three claims are non core to the company's current exploration focus and account for a small percentage of the company’s mineral tenure in the Exploits Subzone.
National Instrument 43-101 disclosure
Ian Herbranson, P.Geo, is Vice-President of Exploration for the company and qualified person as defined by National Instrument 43-101. Mr. Herbranson supervised the preparation of the technical information in this news release.
About Exploits Discovery Corp.
Exploits Discovery is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The Company currently holds the Jonathan's Pond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend and Gazeebow projects which cumulatively cover an area of approximately 2,111 square kilometres.
All projects within Exploits’ portfolio lie within the Exploits Subzone.
Exploits believes that the Exploits Subzone, which runs 200 km from Dog Bay southwest to Bay d'Espoir, has been neglected since the last major exploration campaigns in the 1980s. The last 40 years have seen incremental advancements in the understanding of gold mineralization in the camp. The sum of this knowledge is now coming together in discrete and effective exploration models that have delivered discoveries such as New Found Gold's 2019 discovery. The Exploits Subzone and GRUB regions have been the focus of major staking and financing throughout 2020, with increased exploration activities forecasted in the area moving into 2021. Exploits is financed and with five drill permits in place for an extensive drill program in the Spring of 2021.
The team at Exploits, with significant local experience and knowledge, have studied the entirety of the Exploits Subzone and picked individual land packages for staking or joint venture where there is an opportunity for world class discoveries and mine development. Exploits intends to leverage its local team and the larger shift in understanding and become one of the most extensive explorers in the Exploits Subzone.
ON BEHALF OF THE BOARD
/s/ "Michael Collins "
President and CEO
For further information, please contact:
Michael Collins, CEO
Tel: 778-819-2708
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
Acknowledgments
Exploits Discovery would like to acknowledge the financial support of the Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.
https://ceo.ca/@thenewswire/exploits-to-begin-drilling-at-schooner-north-mt-peyton
Copyright (c) 2021 TheNewswire - All rights reserved.
VST.ca $VSQTF Victory Square Technologies Declares a Special Common Share Dividend of Its Interest in Portfolio Company GameOn Entertainment Technologies Inc.
by @nasdaq on 19 May 2021, 09:20
Victory Square to dividend out 12.4% of its holdings in GameOn Entertainment Technologies Inc. to its shareholders.
Victory Square shareholders of record as of the close of business on Friday May 21, 2021 will be entitled to receive the Dividend.
GameOn has filed its final prospectus with the British Columbia Securities Commission and received CSE conditional listing approval.
The Company has also approved a strategic dividend reward initiative for portfolio company, Fantasy 360 Technologies Inc. dba Immersive Tech. Further details regarding this reward are forthcoming.
VANCOUVER, British Columbia, May 19, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square'' or "VST") (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that it has declared a special dividend on its common shares (the “Dividend”). The Dividend represents approximately 12.4% of Victory Square’s holdings in GameOn Entertainment Technologies Inc. (“GameOn”). GameOn recently received conditional approval for listing on the Canadian Securities Exchange (“CSE”) and is expected to commence trading in early June, subject to satisfying the remaining conditions for listing of Canadian Securities Exchange (CSE) and is proposed to be listed under the symbol (CSE:GET). For more information regarding GameOn, please refer to its final prospectus filed on May 14, 2021, which is available at www.sedar.com.
The Dividend will consist of approximately 2,000,000 common shares of GameOn. Victory Square shareholders of record as of the close of business on May 21, 2021, will be entitled to receive the Dividend at a rate of 20.74989 GameOn shares for each 1,000 Victory Square shares held (approximately 48 to 1 ratio). The Dividend ratio is based on 96,386,043 Victory Square shares outstanding as of the date hereof. No fractional GameOn shares will be issued as part of the Dividend. The shares of Victory Square will commence trading on an ex-dividend basis on May 20, 2021. The Dividend will be payable on Thursday May 27, 2021.
In conjunction with the Company’s long-term strategy to maximize shareholder value, the board of directors of the Company has also approved a strategic dividend reward initiative to unlock the intrinsic value of its other portfolio company, Fantasy 360 Technologies Inc. dba Immersive Tech by proposing a distribution of a portion of the common shares of that company currently held by VST to shareholders of the Company. Further details about this transaction proposal will be announced by the company.
On behalf of the Board of Directors
Shafin Diamond Tejani
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com
For further information about Victory Square, please contact:
Investor Relations
Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604 283-9166
Media Relations
Contact – Howard Blank, Director
Email: howard@victorysquare.com
Telephone: 604-928-6066
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST’s sweet spot is cutting-edge tech that's shaping the 4th Industrial Revolution. Our corporate portfolio consists of 20+ global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn’t your ordinary investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors
For investors, we offer early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).
For more information, please visit www.victorysquare.com
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)
The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.
Forward-Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about Victory Square’s payment of the Dividend and about the listing and trading of GameOn’s shares on the CSE.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause VST’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although Victory Square has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Victory Square disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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WHN.v Westhaven Hits High-Grade Gold at Multiple Zones at Shovelnose: 15.97 Metres of 9.15 g/t Gold and 27.43 g/t Silver at FMN Zone and 79.00 Metres of 2.73 g/t Gold and 15.78 g/t Silver at South Zone
by @nasdaq on 12 May 2021, 06:00
VANCOUVER, British Columbia, May 12, 2021 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce drill results from its ongoing drill campaign at its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.
Recent Highlights:
SN21-161 (FMN: 220.32-236.29m) 15.97m of 9.15 g/t Au and 27.43 g/t Ag, including 6.13m of 11.07 g/t Au and 34.26 g/t Ag, and 2.49m of 28.56 g/t Au and 79.12 g/t Ag.
SNR21-02 (South Zone: 167.00-246.00m) 79.00 metres (m) of 2.73 g/t gold (Au) and 15.78 g/t silver (Ag), including 12.44m of 6.35 g/t Au and 3.38 g/t Ag.
SN21-158 (FMN: 93.22-150.90m) 57.68m of 0.68 g/t Au and 11.19 g/t Ag, including 3.46m of 9.46 g/t Au and 151.82 g/t Ag, including 0.90m of 31.70 g/t Au and 529.00 g/t Ag.
SN21-160 (South Zone: 275.09-311.40m) 36.31m of 0.72 g/t Au and 2.52 g/t Ag, including 6.53m of 2.23 g/t Au and 4.59 g/t Ag.
Gareth Thomas, President & CEO of Westhaven Gold, states: “With this significant high-grade gold-silver drill intercept at the FMN Zone, our theory that more high-grade centres occur along this major NW-SE structure has proven correct. Hole SN21-161 (15.97m of 9.15 g/t Au and 27.43 g/t Ag) is approximately 700m away from the Franz Zone discovery drill hole SN20-101 (7.78m of 14.84 g/t Au and 40.68 g/t Ag). Our Exploration Manager, Peter Fischl talked about a “kink” in the structure and its importance for potential mineralization along key structures exhibiting strike-slip movement. Our team is gaining a better understanding of the structural controls on the Shovelnose Property which is important as we focus the majority of the fully funded 2021 drilling on exploration targets on this large and underexplored property. In addition, drilling in the South Zone, which is geared towards the completion of an inaugural maiden resource estimate by years-end, continues to intersect significant widths of high-grade gold-silver mineralization and demonstrate continuity of veins (SNR21-02: 79.00m of 2.73 g/t gold and 15.78 g/t silver).”
Peter Fischl, Exploration Manager, adds: “Drilling this Spring at Shovelnose continues to show the potential of the FMN target. Vein Zone 1 continues to be traced to the northwest where it appears to be deflecting slightly northward, outlining a slight “kink” of about 20o off the main structure. This “kink” in Vein Zone 1 is helping focus stronger dilation along this structure where significant strike-slip movement has likely occurred. Previous drilling southeast of FMN at South Zone had encountered stronger veining in rhyolite, suggesting some lithological control on gold mineralization. Hole SN21-161 intersected Vein Zone 1 in a thick section of andesite, suggesting it is not lithology, but deflections in the structure that are ultimately controlling stronger gold mineralization. Significant quartz veining continues to be encountered northwest of hole SN21-161, as seen in hole SN21-162, a hundred-metre step-out to the northwest (assays pending). A second vein zone was encountered deeper in a number of holes drilled at FMN. This zone is now designated as “Vein Zone 4”. It has been traced along a northwest strike for 350 metres, consisting of 2 to 10% cm-scale quartz veinlets over widths of up to 90m, locally with quartz breccia veins of up to 1m wide. The shallower portions of this zone will be targeted to follow-up on the elevated gold assays returned in the deeper portions of this zone.”
FMN Zone
Hole SN21-158 is drilled on Section F0600 at FMN. It is an upper cut to hole SN21-155 (0.16 Au over 36.52m). It hit Vein Zone 1 at 135.70-159.00m, hosted in andesite flows and heterolithic tuff and comprised of 15 to locally 60% banded quartz-adularia +/- ginguro veins to 23cm wide. Hole SN21-161 is a 100m step-out northwest of hole SN21-158 (31.70 Au over 0.90m). This hole intersected Vein Zone 1 consisting of the following andesite hosted sequence: a section of brecciated banded quartz-adularia-ginguro veining at 220.30-228.10m followed by banded quartz-adularia +/- ginguro veinlets to 233.00m in rhyolite tuff. The veined tuff is followed by heterolithic breccia with 3-10% quartz fragments to 245.50m.
South Zone
Hole SNR21-02 is on section 1025 and is an undercut to SNR21-01. Hole SN21-160 is drilled at South Zone on Section 1025 and is an undercut of holes SN21R-02 (2.73 Au over 79.00m). It encountered Vein Zone 1 at 270.80-324.00m depth (about 1100m elevation), consisting of quartz-adularia +/- ginguro veins and breccia veins to 7.4m wide hosted in rhyolite and rhyolitic tuff.
Table of Recent Results (Newer Holes in Bold):
Hole_ID Target From(m) To (m) Int (m) Au (g/t) Ag (g/t) High Au
(ppb)
SN21-150 FMN 25.71 34.46 8.75 0.70 4.14 2880
including 32.80 34.46 1.66 2.27 2.97 2880
SN21-151 FMN 321.22 351.50 30.28 0.26 15.49 957
including 332.00 338.00 6.00 0.58 34.70 957
and 499.00 503.31 4.31 0.24 27.53 332
SN21-152 South Zone 291.00 310.00 19.00 0.38 26.86 1415
including 291.00 293.00 2.00 1.21 144.50 1415
SN21-153 FMN - - - - - 212
SN21-154 South Zone 365.89 369.15 3.26 0.72 33.90 1725
and 382.00 385.05 3.05 0.23 20.56 288
SN21-155 FMN 302.42 338.94 36.52 0.16 9.44 462
including 322.60 326.00 3.40 0.44 26.19 462
SN21-156 FMN 323.87 327.44 3.57 0.22 7.12 256
SN21-157 South Zone 302.88 318.29 15.41 0.37 17.48 1215
including 306.85 313.00 6.15 0.68 25.43 1215
SN21-158 FMN 93.22 150.90 57.68 0.68 11.19 31700
including 139.74 143.20 3.46 9.46 151.82 31700
including 139.74 140.64 0.90 31.70 529.00 31700
SN21-159 South Zone 343.15 352.12 8.97 0.79 20.39 3190
including 347.17 350.17 3.00 1.98 39.14 3190
and 361.60 371.00 9.40 1.88 15.85 13100
including 364.59 366.16 1.57 8.76 23.77 13100
SN21-160 South Zone 275.09 311.40 36.31 0.72 2.52 5150
including 276.00 290.00 14.00 1.58 3.46 5150
including 276.00 282.53 6.53 2.23 4.59 5150
SN21-161 FMN 220.32 236.29 15.97 9.15 27.43 30500
including 220.87 227.00 6.13 11.07 34.26 23500
including 226.00 227.00 1.00 23.50 52.60 23500
including 233.00 235.49 2.49 28.56 79.12 30500
SNR21-01 South Zone 130.92 162.00 31.08 0.73 1.45 5710
including 138.00 144.30 6.30 2.46 3.42 5710
and 180.23 232.00 51.77 4.22 46.42 84000
including 202.15 230.00 27.85 7.51 83.94 84000
including 205.00 211.25 6.25 20.11 273.07 57600
including 227.96 228.44 0.48 84.00 280.00 84000
SNR21-02 South Zone 167.00 246.00 79.00 2.73 15.78 28300
including 187.00 199.44 12.44 6.35 3.38 25800
including 193.78 197.44 3.66 16.98 7.73 25800
including 219.28 236.11 16.83 6.02 64.04 28300
including 220.03 223.68 3.65 14.82 211.64 28300
*A total of 31 holes have been drilled to date in 2021. Assays have now been released for 14 holes with an additional 17 holes pending assay*
Please click the following link to the 2021 drill database table of assay results:
https://www.westhavengold.com/projects/shovelnose-gold/maps/
On behalf of the Board of Directors
WESTHAVEN GOLD CORP.
"Gareth Thomas"
Gareth Thomas, President, CEO & Director
Qualified Person Statement
Peter Fischl, P.Geo., who is a Qualified Person within the context of National Instrument 43-101 has read and takes responsibility for this release.
QA/QC
Core samples were prepared using the PREP-31 package in ALS’s Kamloops facility each core sample is crushed to better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250 g is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen. 0.75g of this pulverized split is digested by Four Acid and analyzed via ICP-MS (method code ME-MS61m (+Hg)), which reports a 49-element suite of elements. All samples are analyzed by Fire Assay with an AES finish, method code Au-ICP21 (30g sample size). Additional Au screening is performed using ALS’s Au-SCR24 method, select samples are dry screened to 100 microns. A duplicate 50g fire assay is conducted on the undersized fraction as well as an assay on the entire oversize fraction. Total Au content, individual assays and weight fractions are reported. All analytical and assay procedures are conducted in ALS’s North Vancouver facility. A QA/QC program included laboratory and field standards inserted every 25 samples. At least one field blank is inserted in every batch of 25 samples, with additional blanks inserted following samples with visible gold.
Westhaven’s ongoing Quality Assurance and Quality Control programs include auditing of all exploration data. Any significant changes will be reported when available.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Westhaven Gold Corp.
Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square kilometres) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration.
Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-336-6921 or visit Westhaven’s website at www.westhavengold.com
Maps accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/ea14d06a-4fc1-43bf-ad7b-a2fb9bbd7d09
https://www.globenewswire.com/NewsRoom/AttachmentNg/2a488fec-740f-41ae-bad9-cb8c8373be7b
https://www.globenewswire.com/NewsRoom/AttachmentNg/9074a297-240d-40b7-b42d-24d5a06cfb40
https://www.globenewswire.com/NewsRoom/AttachmentNg/f5bff132-4788-4320-970d-064018db0166
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Image 1
Plan Map of Current Drilling
Image 2
Cross Sections
Image 3
Cross Sections
Image 4
Cross Sections
VST.ca $VSQTF Victory Square Portfolio Company, GameOn Entertainment Technologies Inc. Receives Conditional Approval to List Under The Symbol CSE: GET
by @nasdaq on 14 May 2021, 12:58
GameOn Entertainment Technologies Inc. ("GameOn") to commence trading under the symbol CSE: GET following conditional approval from the Canadian Securities Exchange (CSE).
GameOn has filed a final prospectus and necessary documents with the British Columbia Securities Commission (BCSC).
Victory Square Technologies previously announced a dividend of shares of GameOn to Victory Square shareholders. Further details to follow.
VANCOUVER, British Columbia, May 14, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square" or "VST") (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that its portfolio company GameOn Entertainment Technologies Inc. (“GameOn”) has received conditional listing approval from the Canadian Securities Exchange (“CSE”) and will list and trade under the symbol CSE:GET. Listing is subject to GameOn fulfilling the final listing conditions of the CSE.
Founded in 2018, GameOn empowers sports and entertainment content providers with the world's simplest and most accessible gamification platform. Whether it’s supporting TV networks, OTT platforms, sportsbooks or leagues, GameOn helps partners turn their content — everything from sports to reality TV — into interactive and social experiences via mobile and TV apps.
The CSE conditional listing approval is another major milestone for GameOn as it has seen substantial growth over the past twelve months. GameOn previously announced:
An oversubscribed financing of $5.8 million dollars
A stellar board led by the appointment of industry veteran J Moses (Take-Two Interactive) as Chairman. Other notable Board members include Liz Schimel (Apple News, Conde Nast), Carey Dillen (YYoga, Boston Pizza) and GameOn CEO and Founder Matt Bailey (Brooklyn Nets, Barclays Center).
Industry leaders serving as advisors include: Mike Vorhaus (Vorhaus Ventures), Tim Cahill (CSO Aspire Academy, Professional Athlete), Sean Hurley, and Sabrina Carrozza (Sabrina LCP Communications).
Hiring of Santiago Jaramillo as Vice President of Product (building FIFA at EA Sports and also leading development of NBA Top Shot at Dapper Labs).
Hiring of Ivan Soto as Engineering Manager (Ask Media Group owners of “Ask Jeeves” and others).
"We are thrilled to announce our conditional approval from the Canadian Securities Exchange for listing under our symbol 'GET'," said GameOn CEO Matt Bailey. “This public listing will enable our company and team to launch all systems 'GO' as we look to disrupt the sports, television and live event fan viewing experience, and gaming marketplace.”
Victory Square Technologies is also pleased to announce that in conjunction with the Company’s vision to maximize shareholder value, the board of directors has approved a strategic dividend reward initiative to unlock the intrinsic value of GameOn by proposing a distribution of a portion of the common shares of GameOn currently held by the Company to shareholders of the Company. Further details regarding the dividend record date and payment date will be announced in the near future.
“Our ongoing mission is to facilitate growth for our portfolio companies and incubate them from birth through to stand alone public listings as shown by the Company’s latest portfolio GameOn (GET). This incubated spin off of GameOn will provide value to our stakeholders,” said VST CEO Shafin Diamond Tejani. “Our Board along with myself and our Executive team believe that this strategic dividend reward with GameOn is in direct alignment with our vision to provide a strong recurring return on investment for our stakeholders. Our Team and Board at VST are very excited at the latest conditional listing of GameOn that follows in the footsteps of our successful launch in May of 2020 of our portfolio company FansUnite (CSE:FANS).”
On behalf of the Board of Directors
“Shafin Diamond Tejani”
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com
For further information about Victory Square, please contact:
Investor Relations
Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604 283-9166
Media Relations
Contact – Howard Blank, Director
Email: howard@victorysquare.com
Telephone: 604-928-6066
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST's sweet spot is cutting-edge tech that's shaping the 4th Industrial Revolution. Our corporate portfolio consists of 20 global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn't your ordinary investor. With real skin in the game, we're committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF). For investors, we offer early-stage access to the next unicorns before they're unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we're able to provide strong and stable returns while also tapping into emerging global trends with big upsides.
For more information, please visit www.victorysquare.com
Forward Looking Statement
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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GMG.v GMG Graphene Aluminium-Ion Battery Performance Data
by @thenewswire on 11 May 2021, 05:02
(TheNewswire)
BRISBANE, QUEENSLAND, AUSTRALIA – TheNewswire - May 11, 2021 - Graphene Manufacturing Group Ltd. (TSXV:GMG) (“GMG” or the “Company”) is pleased to share the initial performance data when tested in coin cells for the patent-pending surface perforation of graphene in aluminium-ion batteries developed by the Company and the University of Queensland (“UQ”). The experiments were performed at the Australian Institute for Bioengineering and Nanotechnology (“AIBN”) at UQ. Initial performance data is presented below. Currently, GMG Graphene is being used to produce coin cell prototypes for customer testing in Q4 2021.
Battery Technology
Electrode Materials
Energy Density (Wh/kg)
Power
Density (W/kg)
Calculated Time to Fully Charge Average Phone Battery (minutes)
Taiwan/Stanford US1
Natural graphite/Aluminium
~68.7
~41.1
~60-110
Stanford US2
CVD graphitic foam/Aluminium
40
~3000
1 – 5
GMG+UQ3
GMG+UQ Graphene/Aluminium
150-160
~7000
1 – 5
Source: 1. Hongjie Dai, Nat. Commun., 2017, 8:14283 2. Hongjie Dai, Nature, 2015, 520, 325, and 3. University of Queensland testing data.
GMG announced recently the execution of a research agreement with UQ’s AIBN to develop graphene aluminium-ion batteries (please refer to the Company’s News Release dated April 22, 2021, for further details). Under the agreement, GMG will manufacture commercial battery prototypes for watches, phones, laptops, electric vehicles and grid storage with technology developed at UQ. GMG has also signed a license agreement with Uniquest, the University of Queensland commercialisation company, which provides GMG an exclusive license of the technology for battery cathodes.
GMG CEO and Managing Director Craig Nicol said, “We are currently looking to bring coin cell commercial prototypes for customer testing in 6 months and a pouch pack commercial prototype – used in mobile phones, laptops etc. - for customer testing in 18 months. We are really excited about bringing this to market. We aim to have a viable graphene and coin cell battery production facility project after customer validation that we would likely build here in Australia,” said Craig Nicol.
Dr Ashok Nanjundan, GMG’s Chief Scientific Officer, said, “This is a real game-changing technology which can offer a real alternative with an interchangeable battery technology for the existing lithium-ion batteries in almost every application with GMG’s Graphene and UQ’s patent-pending aluminium ion battery technology. The current nominal voltage of our batteries is 1.7 volts, and work is being carried out to increase the voltage to directly replace existing batteries and which lead to higher energy densities.”
“The real differentiator about these batteries is their very high power density of up to 7000 watts/kg, which endows them with a very high charge rate. Furthermore, graphene aluminium-ion batteries provide major benefits in terms of longer battery life (over 2000 charge / discharge cycles testing so far with no deterioration in performance), battery safety (very low fire potential) and lower environmental impact (more recyclable),” said Dr Ashok Nanjundan.
GMG will make further disclosures regarding the performance and development of these graphene aluminium ion batteries as the research and development program progresses.
About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also in the early stages of pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to the manufacturing of prototypes by GMG and UQ, anticipated timelines for commercial prototypes and customer testing, the development and viability of GMG’s production facilities, the location of GMG’s production facilities, and the results arising from and application of GMG’s graphene aluminium-ion batteries. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available for review on the Company's profile at www.sedar.com, many of which are beyond the ability of the Company to control or predict. Such risk factors may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, assumptions regarding the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Copyright (c) 2021 TheNewswire - All rights reserved.
GMG.v GMG Graphene Aluminium-Ion Battery Performance Data
by @thenewswire on 11 May 2021, 05:02
(TheNewswire)
BRISBANE, QUEENSLAND, AUSTRALIA – TheNewswire - May 11, 2021 - Graphene Manufacturing Group Ltd. (TSXV:GMG) (“GMG” or the “Company”) is pleased to share the initial performance data when tested in coin cells for the patent-pending surface perforation of graphene in aluminium-ion batteries developed by the Company and the University of Queensland (“UQ”). The experiments were performed at the Australian Institute for Bioengineering and Nanotechnology (“AIBN”) at UQ. Initial performance data is presented below. Currently, GMG Graphene is being used to produce coin cell prototypes for customer testing in Q4 2021.
Battery Technology
Electrode Materials
Energy Density (Wh/kg)
Power
Density (W/kg)
Calculated Time to Fully Charge Average Phone Battery (minutes)
Taiwan/Stanford US1
Natural graphite/Aluminium
~68.7
~41.1
~60-110
Stanford US2
CVD graphitic foam/Aluminium
40
~3000
1 – 5
GMG+UQ3
GMG+UQ Graphene/Aluminium
150-160
~7000
1 – 5
Source: 1. Hongjie Dai, Nat. Commun., 2017, 8:14283 2. Hongjie Dai, Nature, 2015, 520, 325, and 3. University of Queensland testing data.
GMG announced recently the execution of a research agreement with UQ’s AIBN to develop graphene aluminium-ion batteries (please refer to the Company’s News Release dated April 22, 2021, for further details). Under the agreement, GMG will manufacture commercial battery prototypes for watches, phones, laptops, electric vehicles and grid storage with technology developed at UQ. GMG has also signed a license agreement with Uniquest, the University of Queensland commercialisation company, which provides GMG an exclusive license of the technology for battery cathodes.
GMG CEO and Managing Director Craig Nicol said, “We are currently looking to bring coin cell commercial prototypes for customer testing in 6 months and a pouch pack commercial prototype – used in mobile phones, laptops etc. - for customer testing in 18 months. We are really excited about bringing this to market. We aim to have a viable graphene and coin cell battery production facility project after customer validation that we would likely build here in Australia,” said Craig Nicol.
Dr Ashok Nanjundan, GMG’s Chief Scientific Officer, said, “This is a real game-changing technology which can offer a real alternative with an interchangeable battery technology for the existing lithium-ion batteries in almost every application with GMG’s Graphene and UQ’s patent-pending aluminium ion battery technology. The current nominal voltage of our batteries is 1.7 volts, and work is being carried out to increase the voltage to directly replace existing batteries and which lead to higher energy densities.”
“The real differentiator about these batteries is their very high power density of up to 7000 watts/kg, which endows them with a very high charge rate. Furthermore, graphene aluminium-ion batteries provide major benefits in terms of longer battery life (over 2000 charge / discharge cycles testing so far with no deterioration in performance), battery safety (very low fire potential) and lower environmental impact (more recyclable),” said Dr Ashok Nanjundan.
GMG will make further disclosures regarding the performance and development of these graphene aluminium ion batteries as the research and development program progresses.
About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also in the early stages of pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to the manufacturing of prototypes by GMG and UQ, anticipated timelines for commercial prototypes and customer testing, the development and viability of GMG’s production facilities, the location of GMG’s production facilities, and the results arising from and application of GMG’s graphene aluminium-ion batteries. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available for review on the Company's profile at www.sedar.com, many of which are beyond the ability of the Company to control or predict. Such risk factors may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, assumptions regarding the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Copyright (c) 2021 TheNewswire - All rights reserved.
VST.ca $VSQTF Victory Square Portfolio Company Hydreight Provides Update on Business Expansion, Increased Sales & Rapid Growth in Q1 2021
by @nasdaq on 10 May 2021, 06:00
30 new business locations / operations in America have joined the Hydreight family in Q1, 2021 compared with 7 in Q1, of 2020. That represents a 430% increase in operation outlets
Company On track to project for $2,500,000 in Mobile Medical Sales in 2021
Total service sales in Q1 are up over 850% compared with all of year 2020
Hydreight has seen an extensive increase in sales for all their divisions including its Online Pharmacy, Mobile Medical Sales, Software Licensing and Business Partner Software
New territories for Hydreight include: New York, DC, Arkansas, Alabama, and Nebraska bringing the total US States served to 31, and the company expects to be in operation in all 50 US States by end of Q3, 2021
VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square'') (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: the circular economy, digital health, gaming, blockchain, AR/VR, cybersecurity, and fintech, is pleased to provide an update on wholly-owned portfolio company IV Hydreight Inc. (“Hydreight”) business expansion, sales & rapid growth in Q1 2021.
Founded in 2018, Hydreight provides a unique, custom built, proprietary telemedicine service that allows users to book confidential health & wellness and/or medical services at their home, hotel, office or wherever they may need discreet assistance. The business model of Hydreight leverages decentralized healthcare to bring quality telehealth, medical, health and wellness services to the masses in an efficient, scalable and cost effective way.
Hydreight offers a wide array of mobile and telehealth medical services in 31 US states. The Company has established key relationships and supply network chains with major vendors including: Medline, Mckesson, Allergan (Botox), Galderma and numerous pharmacies. In addition to providing telehealth services, Hydreight also provides a diverse suite of health & wellness protocols that include IV drip, Botox, COVID-19 testing, and other medical and medispa treatments.
Hydreight is a USA certified e-script and telemedicine provider, allowing the consumer to order online and or through in person or telehealth platforms from certified and registered health professionals.
The first quarter of 2021 has been very productive for the Company. In February, Hydreight was acquired by Victory Square and was added to the company’s group of portfolio companies focused on the digital health space.
Business Expansion
On March 31,2021 Hydreight announced a strategic partnership with Victory Square Health in Brazil to expand telehealth product offerings for South America.
Since January of this year, Hydreight has expanded its product offerings and locations with an additional 30 outlets across the United States. This massive expansion has enabled Hydreight to benefit from economies of scale. There has been a great demand from potential franchisee partners across the United States and Hydreight is streamlining the “partner process” to continue the rapid growth of their mobile and telehealth business model..
New territories for Hydreight include: New York, Washington DC, Arkansas, Alabama and Nebraska, bringing the total US States Hydreight serves and in operation to 31. Hydreight expects to expand and be in operation in all 50 US States by the end of 2021.
New Offering: Premiere Medical Insurance
Hydreight has completed the automation process to enable guests and insurance providers to use an automated insurance verification process in conjunction with Hydreight’s premiere services and procedures.
The customer simply uses the quick in app 30 second insurance verification process which provides the client with a detailed report regarding their insurance coverage from their respective insurance provider. Proceeding with booking then only requires paying by credit card.
For the medical professional, Hydreight’s unique corporate national structure in the USA allows for all insurance billing and remittance headaches to be removed and allows for a seamless booking, payment to the Hydreight provider, and reimbursement flow to the consumer with zero time, costs, and issues normally encountered by the healthcare professional biller.
Hydreight expects that this premiere billing process will attract many new health care professional partners to its turnkey business model. Billing and related costs can on average cost most medical service providers upwards of 20% of their gross revenue.
Hydreight sees this new billing feature as a game changer for the industry and is looking to expand into B2B opportunities for preventative healthcare as summer approaches where dehydration and related injuries increase exponentially along with hospital and ER visits.
Hydreight Founder and CEO Shane Madden said, “Since our acquisition by Victory Square, Hydreight has been able to take advantage of the extensive network that Victory Square provides its portfolio companies.” “Our exciting new mobile billing app is in direct correlation with the team and array of products and services available at and through Victory Square, and I am certain that this process will be a game changer to our industry and to Hydreight.”
On behalf of the Board of Directors
“Shafin Diamond Tejani”
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com
For further information about Victory Square, please contact:
Investor Relations
Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604 283-9166
Media Relations
Contact – Howard Blank, Director
Email: howard@victorysquare.com
Telephone: 604-928-6066
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST’s sweet spot is cutting-edge tech that's shaping the 4th Industrial Revolution. Our corporate portfolio consists of 20+ global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn’t your ordinary investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors
For investors, we offer early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).
For more information, please visit www.victorysquare.com
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)
The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.
Cautionary Disclaimers
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Primary Logo
SKYG.v $SRKZF Sky Gold Joins Newfoundland.Gold Strategic Alliance
by @accesswire on 7 May 2021, 05:02
VANCOUVER, BC / ACCESSWIRE / May 7, 2021 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF) ("Sky Gold Corp." or the "Company") has joined, as a founding member, the Newfoundland.Gold strategic alliance group.
Newfoundland.Gold is a strategic alliance of Newfoundland-focused precious metal exploration companies that is collectively committed to bringing awareness to the emerging gold district. The Alliance is focused on creating innovative capital attraction initiatives to promote and inform the investor of Newfoundland.Gold member companies.
Newfoundland.Gold will launch an online event from June 1 to 3, 2021, featuring Virtual Investor Days. This daily online event will include Member corporate presentations moderated by industry thought-leaders. Registration for Virtual Investor Days will open in May 2021. For details and to register, please visit www.newfoundland.gold.com.
The Province of Newfoundland and Labrador is experiencing a modern-day gold rush, as a top ranked exploration and mining jurisdiction. Mining is one of Newfoundland and Labrador's largest and oldest industries and a major contributor to the economy. Newfoundland's mining history dates back centuries and is well known for its location for international transportation.
Company President and CEO, Mike England states, "The exploration activity in Newfoundland is booming and we are pleased to be a founding member of the Newfoundland.Gold Alliance. This alliance will be a great multi-media platform for investors and shareholders to access current information and data on our Company's activities and other exploration companies active in Newfoundland."
In Newfoundland, the Company has recently completed a 20-hole, 3,300 meter maiden diamond drill program on its Mustang Property in Newfoundland, with assays pending. In addition, the company owns the Virginia property, located contiguous to the south of Labrador Gold Corp.'s Kingsway property, where drilling is active on the "Big Vein" target. The Virginia property has received all necessary permits for its maiden diamond drill program this summer.
The Company also owns the Evening Star property in Mineral County, Nevada, which is currently being permitted for a diamond drill program late in the 2nd quarter 2021. Eight drill site areas have been selected, with a primary focus on the silver-rich base-metal skarn and/or Carbonate Replacement Deposit ("CRD") mineralization at the Gold Bug target. The Company has also secured a diamond drill contractor for the Evening Star property.
The Founding Member Companies
Newfoundland.Gold is an alliance established by industry leaders in Newfoundland and Labrador's gold exploration and mining sector. The alliance is open to all companies operating projects in Newfoundland and Labrador. The founding members include:
Sky Gold Corp.
Labrador Gold Corp.
K9 Gold Corp.
New Found Gold Corp.
Opawica Exploration Inc.
C2C Gold Corp.
Exploits Discovery Corp.
Leocor Gold Corp.
Qualified Person
Catherine Fitzgerald, P.Geo., a Qualified Person under National Instrument 43-101, and Independent Director of Sky Gold, is the Qualified Person responsible for reviewing and approving the technical contents of this news release as they pertain to the Mustang, Virginia and Evening Star properties.
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. In addition to the Company's Newfoundland properties, the Company also owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for gold mineralization and CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization.
ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Tel. 1-604-683-3995
Toll Free. 1-888-845-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
SOURCE: Sky Gold Corp.
View source version on accesswire.com:
https://www.accesswire.com/645617/Sky-Gold-Joins-NewfoundlandGold-Strategic-Alliance
VXL.v $VXLLF Vaxil Announces CEO Resignation
by @nasdaq on 5 May 2021, 14:00
Not for distribution by US newswire or in United States
NESS-ZIONA, Israel, May 05, 2021 (GLOBE NEWSWIRE) -- VAXIL BIO LTD. (“Vaxil” or the “Company”) (TSX VENTURE: VXL), an innovative immunotherapy biotech company specializing in cancer and infectious diseases, today announces that Mr. David Goren has provided notice that he will be resigning as the Company's chief executive officer (“CEO”) to pursue other opportunities. The resignation will take effect on August 1, 2021 (the “Effective Date”). Mr. Goren has agreed that until the Effective Date, he will, in addition to continuing to fulfill his responsibilities as CEO, assist the Company's board of directors ("Board") in their search for a new CEO, which has already commenced.
The Board wishes to thank Mr. Goren for his contributions to the Company over the past two and a half years, and wishes him success in his future endeavors.
Mr. Goren remains a director of the Company.
ABOUT VAXIL
The company posts periodic updates through videos from the official company’s YouTube channel https://www.youtube.com/channel/UC0M029aN8g6beW09Drgt0dQ
Vaxil is an Israeli immunotherapy biotech company focused on its novel approach to targeting prominent cancer markers and infectious diseases. Its lead product ImMucin™ successfully completed a Phase 1/2 clinical trial in multiple myeloma for which it received orphan drug status from the FDA and EMA. The company aims to continue to develop ImMucin™, a COVID-19 and a tuberculosis vaccine / treatment that has demonstrated promising preliminary results with further preclinical evaluation planned. Additional indications and mAb candidates are under evaluation as immuno-oncology and infectious disease treatments alone and in combination with other treatments.
Vaxil exploits the unique properties of signal peptide domains on crucial proteins to develop targeted therapies against cancer targets and infectious disease pathogens. These signal peptide domains are identified by VaxHit™, Vaxil’s proprietary bioinformatic approach. These signal peptides induce a robust T- and B-cell response across wide and varied HLA subtypes, while acting as true, universal neoantigens. The peptide platform targets these cells by “educating” or specifically activating the immune system to recognize and attack the affected cells. In addition, Vaxil’s mAb platform directly recognizes the target protein expressed on malignant cells and recruits other elements of the immune system to lyse those cells.
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.
Disclaimer: The Company cautions that COVID-19 Vaccine Development is still under early stage research and development and is not making any express or implied claims that it has the ability to eliminate the COVID-19 virus at this time. The TSX Venture Exchange Inc. has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States or elsewhere. These securities have not been, and will not be, registered in the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.
CONTACT INFORMATION
For further information please visit http://vaxil-bio.com/ or contact:
North Equities, info@northequities.com
David Goren, CEO -- info@vaxil-bio.com, +972 (52) 720-6000
Company Youtube channel
Primary Logo
SKYG.v Weekly T/A Update
Seeing a nice breakout of the declining wedge as accumulation is ongoing and CMF confirms the stock is moving into stronger hands. MACD crossing also bullish signal, the longer term PMO and KST indicators are bottoming/turning up indicating a shift in sentiment is occurring. The ADX directional indicators DI- and DI+ have been crisscrossing in a trendless fashion but recently the DI+ has broken higher and the ADX is strengthening bolstering the bullish trend taking shape.
https://schrts.co/imMgqrdQ
hsb
BARU.v $BARUF KorelinEconomicsReport (05/03/2021) AudioInterview
“Terry Filbert, CEO and Chairman of Baru Gold $BARU $BARUF joins us to provide a full overview of the near term #production plans and 35,000 meter drill program at the Sangihe Property in #Indonesia. The company is targeting 1,000oz/month gold production by Q3 2021 with expansion potential to 4,000oz/month within 2 years. The #exploration program goals are to expand and upgrade the current resource of 219,700oz AuEq.”
http://www.kereport.com/2021/05/03/baru-gold-small-scale-gold-production-and-35000-meters-of-drilling-all-coming-in-the-near-term-at-the-sangihe-property/
VST.ca $VSQTF Victory Square Technologies Reports Record Net Income of $19,733,031 and Positive Earnings Per Share of $0.30 in Fiscal 2020
by @nasdaq on 30 Apr 2021, 19:30
Net income increased to $19,733,031 from ($8,917,573) during the same period year over year, for an increase of $28,650,604
The Company ended the year with a healthy balance sheet with cash and cash equivalents of $4,551,751
VANCOUVER, British Columbia, April 30, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square'' or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: the circular economy, digital health, gaming, blockchain, AR/VR, cybersecurity, and fintech, announces it has filed its audited annual consolidated financial statements for 2020 along with its Management Discussion and Analysis (MD&A) on Friday, April 30th, 2020.
Shafin Diamond Tejani, CEO of Victory Square commented, “I am very pleased with our year-end results; we are well-funded, have a solid portfolio, a strong team and a robust pipeline of catalysts to continue this aggressive growth trajectory. We are confident that this momentum will continue in 2021 and beyond. We’d like to thank our loyal shareholders and look forward to the next phase of this exciting journey.”
Financial Highlights for the year ending December 31, 2020:
Net income increased to $19,733,031 from ($8,917,573) during the same period year over year for an increase of $28,650,604
Earnings per share increased to $0.30 from ($0.10) during the same period year over year
VST ended the quarter with a healthy balance sheet with cash and cash equivalents of $4,551,751
Financial Highlights for the three-month period ending December 31, 2020:
Net income increased to $8,462,951 from ($5,148,592) during the same period year over year
Earnings per share increased to $0.11 from ($0.07) during the same period year over year
The Company’s audited annual consolidated financial statements for the year ending December 31st, 2020 along with its Management Discussion and Analysis (MD&A) are available under the Company’s profile on SEDAR (www.sedar.com).
Check out VictorySquare.com and sign up to VST’s official newsletter at www.VictorySquare.com/newsletter.
On behalf of the Board of Directors
“Shafin Diamond Tejani”
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com
For further information about Victory Square, please contact:
Investor Relations Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604-283-9166
Media Relations Contact – Howard Blank, Director
Email: howard@victorysquare.com
Telephone: 604-928-6066
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST’s sweet spot is cutting-edge tech that's shaping the 4th Industrial Revolution. Our corporate portfolio consists of 20+ global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn’t your ordinary investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors
For investors, we offer early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).
For more information, please visit www.victorysquare.com
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)
The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.
Cautionary Disclaimers
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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GMG.v The Clean-Tech Stock Disrupting Rechargeable Batteries - Midas Letter Interview
The Clean-Tech Stock Disrupting Rechargeable Batteries - Midas Letter Interview
VST.ca $VSQTF Victory Square Technologies Inc. Announces Closing of Immersive Tech’s Oversubscribed Financing for Gross Proceeds of $2.3 Million
by @nasdaq on 29 Apr 2021, 00:05
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
VANCOUVER, British Columbia, April 29, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (CSE: VST, OTC: VSQTF, FWB: 6F6) (the “Company” or “VST”) is pleased to announce that its portfolio company Fantasy 360 Technologies Inc. d/b/a Immersive Tech (“Immersive”) has closed its previously announced and upsized non-brokered private placement financing (the “Financing”) on April 23, 2021 of 6,750,803 subscription receipts (the “Subscription Receipts”) at a price of $0.35 per Subscription Receipt, for gross proceeds of approximately $2.36 million.
In connection with the Financing, Immersive entered into a subscription receipt agreement with Odyssey Trust Company dated April 23, 2021 (the “SR Agreement”) pursuant to which the proceeds of the Financing, minus 10% of the gross proceeds, being approximately $236,000, which was immediately released to Immersive on closing of the Financing for the purposes of satisfying the Escrow Conditions (as defined below) and for working capital and general corporate purposes (the “Escrowed Funds”) have been deposited in escrow. The Escrowed Funds will be held in escrow pending satisfaction of all of the escrow release conditions pursuant to the terms of the SR Agreement including, but not limited to, the Company receiving all applicable regulatory approvals and completing the listing of its common shares (“Immersive Shares”) on the Canadian Securities Exchange (the “CSE”) as well as receipt of a final prospectus of Immersive in British Columbia (the “Escrow Conditions”).
Upon satisfaction of the Escrow Conditions, the Escrowed Funds, after deducting certain finder’s fees payable to certain finders in connection with the Financing in an amount of up to 6% of the gross proceeds of the Financing, will be released to the Company and each Subscription Receipt will be automatically converted without any further action on the part of the holder thereof into one unit of Immersive (each, a “SR Unit”). In addition, the Company has also agreed to issue to certain finders in connection with the Financing, finder’s warrants of up to 6% of the number of Subscription Receipts purchased by subscribers introduced to Immersive by such finders (the “Finder’s Warrants”). Each Finder’s Warrant will be exercisable to acquire one Immersive Share for a period of 24 months following the completion of a go-public transaction by Immersive. Immersive may accelerate the expiry date of the Finder’s Warrants to 30 days following Immersive issuing a news release accelerating the expiry date of the Finder’s Warrants in the event the closing price of the Immersive Shares on the CSE or any other exchange upon which the Immersive Shares trade from time to time is equal to or greater than $0.78 per Immersive Share for a period of ten (10) consecutive trading days.
If the Escrow Conditions are not satisfied on or before August 31, 2021, the proceeds of the Financing will be returned to the subscribers. Immersive will be required to provide any shortfall in funds to ensure each subscriber is returned an amount of no less than $0.35 per Subscription Receipt purchased.
Each SR Unit will consist of one Immersive Share and one-half of one Immersive Share purchase warrant (each whole warrant, an “SR Warrant”). Each SR Warrant will entitle the holder thereof to purchase one additional Immersive Share at a price of $0.52 for a period of 24 months following the completion of a going-public transaction by Immersive. Immersive may accelerate the expiry date of the SR Warrants to 30 days following Immersive issuing a news release accelerating the expiry date of the SR Warrants in the event the closing price of the Immersive Shares on the CSE or any other exchange upon which the Immersive Shares trade from time to time is equal to or greater than $0.78 per Immersive Share for a period of ten (10) consecutive trading days.
Subject to policies of the CSE and applicable securities laws, all securities issued in connection with the Financing are expected to be subject to restrictions on resale for a period of four months and one day from the date of issuance in addition to any other exchange or legally mandated hold periods.
THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER OF ANY SECURITIES IN THE UNITED STATES. THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR AN EXEMPTION FROM SUCH REGISTRATION. WISHPOND HAS NOT REGISTERED AND WILL NOT REGISTER THE SECURITIES UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. IMMERSIVE DOES NOT INTEND TO ENGAGE IN A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.
About Victory Square Technologies Inc.
VST builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record.
VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
About Immersive
As an industry leader in blending amusement park engineering and video game development, Immersive has established strong working relationships with top organizations including: Bayer Pharmaceuticals, Intel, Allegiant Airlines, Capital One, Scotia Bank, and the US Food and Drug Administration among others for brand activations at events including X-Games, Boston Hub Week among others. Over the past four years. Immersive has built highly sought after escape room experiences for some of the largest Family Entertainment groups globally including APEX Entertainment, and Kalahari Resorts. Immersive also operates the newly launched company “UNCONTAINED”, the world’s first COVID-safe free-roam AR/VR shipping container Location-Based Entertainment franchise. For more info view the Immersive’s latest highlight reel video or visit www.ImmersiveTech.co.
On behalf of the board,
Shafin Diamond Tejani
Chief Executive Officer
Victory Square Technologies
For further information about the Company, please contact:
Investor Relations Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604 283-9166
Media Relations Contact – Howard Blank, Director
Email: howard@victorysquare.com
Telephone: 604-928-6066
Satisfaction of the Escrow Conditions is subject to a number of conditions, including CSE acceptance of the listing of the Immersive Shares. There can be no assurance that the Escrow Conditions will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the prospectus of Immersive, any information released or received with respect to Immersive may not be accurate or complete and should not be relied upon. Trading in the securities of the Company and/or Immersive should be considered highly speculative.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Generally, forward-looking information can frequently, but not always, be identified by use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events, conditions or results “will”, “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotations thereof. All statements other than statements of historical fact may be forward-looking statements. Forward looking-information in this news release includes, but is not limited to, statements with respect to the satisfaction of the Escrow Conditions in a timely manner or at all, the use of the proceeds of the Financing and the receipt of all applicable regulatory approval in a timely manner or at all. Such forward-looking information is subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by the forward-looking information, such as the risk that the Escrow Conditions will not be satisfied in a timely manner or at all, that the Company will not be able to complete the listing of the Immersive Shares, that the Company will not be able to use the proceeds of the Financing in the manner set out herein and that the Company will not receive all applicable regulatory approvals in a timely manner or at all. Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Except as required by law, the Company expressly disclaims any obligation and does not intend, to update any forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. The statements in this news release are made as of the date of this release.
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VST.ca $VSQTF Victory Square Technologies Signs Binding Letter of Intent to Invest in Renewable Energy Company - Stardust Solar
by @nasdaq on 26 Apr 2021, 00:01
VANCOUVER, British Columbia, April 26, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square'' or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: the circular economy, digital health, gaming, blockchain, AR/VR, cybersecurity, and fintech, is pleased to announce that it has signed a binding letter of intent (the “LOI”) on April 23, 2021 to invest (the “Investment”) in the renewable energy company Stardust Solar (“Stardust”), a leading renewable energy company operating in the United States and Canada.
Founded in 2017, Stardust Solar is a leader in renewable energy education in Canada, providing CSA/NABCEP approved design and installation training with hands-on experience. Stardust Solar is also one of the first companies in North America to offer a franchise opportunity dedicated to the installation of solar PV systems.
Highlights About Stardust Solar:
Solar Network of over 2000+ trained professionals in Canada and USA (all trained and certified in renewable energies) – source: Stardust’s financial
Recently Acquired the Canadian Solar Institute
Training Courses in Solar PV Installation, EV Charger Installation, Solar Hot Water, Wind Energy, and Wave Energy
CSA and NABCEP accredited training for those entering the renewable energies industry.
Solar PV Installation Franchise Model (developed Dale & Lessmann LLP, a leading franchise law firm)
Franchise Territories sold or reserved: Vancouver GVRD, Kamloops, BC, Victoria, BC, Prince George, BC, Edmonton, AB, Barrie/Muskoka, ON, Halifax, NS, and Regina, SK
Future Proprietary Products in development
Environmental Panels (Generate Energy from Sun and Rain Drops)
Clothing made from Solar Cells
Environmental Pledge - 10 trees planted in a country affected by deforestation for every solar panel installed, and 25 trees planted for every solar student certified
VST CEO Shafin Diamond Tejani said, “We are very excited to be investing in Stardust Solar. This strategic investment aligns with our Company’s vision of working with technology and sustainability influencers as we endeavour to eradicate damage to our environment and create a more sustainable and eco-friendlier footprint.” Tejani continued, “And, it’s not just an environmental issue, it’s an economic opportunity as well. Good innovation investing focuses on technologies and companies that are likely to have a positive impact on the environment, our society, and the world’s ability to create further innovations.”
Terms of the Investment
Full details of the Investment will be disclosed to the public following the completion of the Investment. Completion of the Investment will be in compliance with CSE policies and is subject to due diligence by the Company, execution of definitive agreements in respect of the Investment, as well as other conditions to closing.
The Company also announces granting of 300,000 incentive stock options to consultants of the Company at an exercise price of $0.80 per share. The options are exercisable for a period of two years.
Check out VictorySquare.com and sign up to VST's official newsletter at www.VictorySquare.com/newsletter.
On behalf of the Board of Directors
“Shafin Diamond Tejani”
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com
For further information about Victory Square, please contact:
Investor Relations Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604-283-9166
Media Relations Contact – Howard Blank, Director
Email: howard@victorysquare.com
Telephone: 604-928-6066
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST's sweet spot is cutting-edge tech that's shaping the 4th Industrial Revolution. Our corporate portfolio consists of 20+ global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn't your ordinary investor. With real skin in the game, we're committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF). For investors, we offer early-stage access to the next unicorns before they're unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we're able to provide strong and stable returns while also tapping into emerging global trends with big upsides. For more information, please visit www.victorysquare.com
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)
The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.
Cautionary Disclaimers
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Any securities referred to herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. Person absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or under any U.S. state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and all applicable U.S. state securities laws. This release does not constitute an offer to sell or a solicitation of an offer to buy such securities in the United States, Canada or in any other jurisdiction where such offer, solicitation or sale is unlawful.
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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ILI.v $ARXRF Infinite Ore Reports Encouraging VTEM Plus Survey Results
by @accesswire on 26 Apr 2021, 03:00
VANCOUVER, BC / ACCESSWIRE / April 26, 2021 / Infinite Ore Corp. (the "Company") (TSXV:ILI)(OTCQB:ARXRF) is pleased to announce results from a VTEM Plus geophysical survey completed this past winter on the western portion of its Eastern Vision project located in Red Lake, Ontario. Results from the VTEM survey are summarized in the two geophysical contour maps shown below (Figures 1 and 2). The magnetic map highlights several contrasting bands of high and low values some of them marking the contact horizon were Volcanic Massive Sulphide (VMS) mineralization occurred, whereas the electromagnetic contour map singles out most of the small conductive VMS bodies and indicate new potential conductive anomalous zones that warrant follow-up investigation. Such areas include a large anomaly located in the North West of the Confederation North property as well as a very large anomaly on the eastern portion of the Confederation South property. In addition, the Company reports that its drilling program is nearing completion and is awaiting results. Drilling to date on the Confederation North property has intercepted some areas of massive sulphide mineralization as well as a significant mineralized fault zone.
Figure 1. dB/dT calculated Time Constant (TAU) contour map, VTEM plus survey, Eastern Vision project.
Figure 2. Calculated Vertical Gradient (CVG) of the Total Magnetic Intensity contour map, VTEM plus survey, Eastern Vision project.
J.C St-Amour, President of Infinite Ore commented, "The VTEM survey has given us some interesting targets for follow-up. We have flown a high-resolution mag survey over the large anomaly on Confederation North and are awaiting results. We are planning a ground prospecting program over the very large anomaly on Confederation South, an area that has seen little exploration, to better understand its source. In addition, there are a number of smaller anomalies that are prospective for VMS style mineralization that deserve additional exploration work."
Dr. Michel Bolly, P. Geo, is the qualified person as defined by National Instrument 43-101. He has designed and is managing the current exploration program on behalf of the Company and is responsible for approving the technical contents of this press release.
About Infinite Ore Corp.
Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ontario. The company also holds the Jackpot lithium property located near Nipigon, Ontario.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
SOURCE: Infinite Ore Corp.
View source version on accesswire.com:
https://www.accesswire.com/642120/Infinite-Ore-Reports-Encouraging-VTEM-Plus-Survey-Results
GMG.v UQ battery breakthrough would mean cars, phones charging 70 times faster #graphene #battery #Cleantech https://inqld.com.au/business/2021/04/22/uq-battery-breakthrough-would-mean-cars-charging-70-times-faster/
GMG.v GMG, The University of Queensland Research & UniQuest kick off the Graphene Enhanced Aluminium-Ion Battery Development Project
by @thenewswire on 22 Apr 2021, 06:21
(TheNewswire)
BRISBANE, QUEENSLAND, AUSTRALIA – TheNewswire - April 22, 2021 - Graphene Manufacturing Group Ltd. (TSXV:GMG) (“GMG” or the “Company”) is pleased to announce the execution of a research agreement with the University of Queensland’s Australian Institute for Bioengineering and Nanotechnology (“AIBN”) for the development of graphene aluminium-ion batteries. Under the agreement, GMG will manufacture commercial battery prototypes for watches, phones, laptops, electric vehicles and grid storage with technology developed at the University of Queensland (“UQ”). GMG has also signed a license agreement with Uniquest, the University of Queensland commercialisation company, which provides GMG exclusive license of the technology for battery cathodes.
The Company will incorporate technology devised by AIBN Professor’s Michael Yu, Dr Xiaodan Huang and postdoctoral student Yueqi Kong that has made graphene into more efficient electrodes for powering batteries. The results are a battery with up to 70 times faster charging and more sustainability with a life up to three times greater than lithium-ion. UQ’s research team was awarded A$390,000 over three years to develop the graphene aluminium-ion technology from the Australian Research Council’s Linkage Project in 2020. Under the terms of the agreement, GMG and UQ have agreed to pay A$150,054 and A$82,788 respectively to carry out the project. GMG has also agreed to reimburse the incurred patent execution costs up to an agreed maximum amount.
AIBN Director Professor, Alan Rowan commented, “We are delighted to partner with GMG to translate scientific ideas into commercial solutions through the development of more efficient and greener batteries. After several years of dedicated research into improving the aluminium ion battery, we are excited to be at the phase of developing commercial prototypes for more sustainable, faster-charging batteries,” Professor Rowan said. Testing showed rechargeable graphene aluminium-ion batteries had a battery life of up to three times that of current leading lithium-ion batteries, and higher power density meant they charged up to 70 times faster. The batteries are rechargeable for a larger number of cycles without deteriorating performance and are easier to recycle, reducing potential for harmful metals to leak into the environment.”
UniQuest CEO, Dr. Dean Moss stated, “Aluminium-ion battery with graphene electrodes could transform the existing rechargeable battery market, dominated by lithium-ion. Lithium-ion batteries demand the extraction of rare earth materials using large amounts of water and are processed with chemicals that can potentially harm the environment. This project has real potential to provide the market with a more environmentally friendly and efficient alternative.”
GMG Head Scientist, Dr. Ashok Nanjundan commented, “The project could deliver far-reaching benefits for energy storage, while the batteries were also safer because they do not use lithium, which had been known to cause fires in some mobile phones. This project is a great example of academia and business working together. The current recyclability of batteries is highly problematic due to their chemical properties and the stockpiling of dead batteries presents a large and looming environmental and public safety concern.”
GMG CEO, Craig Nicol, “To use local raw materials to manufacture battery cells at a competitive cost to replace imported lithium-ion cells is a massive opportunity for GMG and Australia to reduce supply chain risks and create local jobs. We’re excited about developing the commercial prototypes followed by initial production here in Australia – at a location yet to be determined.”
About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By use of the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is also in the early stages of pursuing additional opportunities for GMG graphene including the development of next generation batteries, collaborating with world leading universities in Australia, and investigating the opportunity to enhance the performance of biodiesel and diesel fuels.
For further information please contact:
- UniQuest, Brooke Baskin, b.baskin@uniquest.com.au, +61 7 3365 7480, +61 409 767 199
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available for review on the Company's profile at www.sedar.com. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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SKYG.v $SRKZF Sky Gold Update on The Newfoundland Properties and The Evening Star Property, Nevada
by @accesswire on 22 Apr 2021, 05:01
VANCOUVER, BC / ACCESSWIRE / April 22, 2021 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF) ("Sky Gold Corp." or the "Company") is pleased to provide an update on recent activities on the Company's Newfoundland properties and the Evening Star property, located in Mineral County, Nevada.
Newfoundland Properties
Mustang property - The Company continues to await complete assays from the remaining 17 diamond drill holes drilled at its Mustang property located contiguous to New Found Gold's Queensway property and approximately five kilometres southwest of its discovery drill hole, NFGC-19-01. Recently a high-resolution magnetics geophysical ground survey has been completed over the entire Mustang property. The data is currently being reviewed and interpreted by the Company's consultant geologists and geophysicist.
Virginia property - The Virginia property is located approximately 5.7 kilometres northeast of New Found Gold's drill hole NFGC-19-01 which intersected 92.86 g/t Au over 19 metres (see New Found Gold press release dated Aug. 12, 2020). The property is also contiguous to the south of Labrador Gold Corp.'s Kingsway property, where drilling is active on the "Big Vein" target. A Company representative has recently visited the Virginia property to review logistics for a drill program this summer. The Virginia property has received all necessary permits for its maiden diamond drill program. Historic results completed in the early 1990s by Manor Resources Ltd. report two areas of mineralization in the Zone A-2 target. One showing comprised quartz veining developed over a 35-metre-wide zone within sheared gabbro and graphitic shale (main shear) returning up to 8.7 g/t Au, and a second showing comprising a sheared gabbro returned a grab sample up to 109.6 g/t Au.*
* Gold values on adjacent properties in similar rocks and assays based on historical work in surface sampling and drilling are not representative of the mineralization on the property, have not been verified and should not be relied upon.
Evening Star property
The Company is pleased to announce that EM Strategies is finalizing the documents for submission to the Bureau of Land Management in Carson City, Nevada, for the permitting of a drill program on the Evening Star property. Eight drill site areas have been selected on the Gold Bug, Golden Eagle-Golden Bomber, and Good Hope 2 targets. The strong coincident geophysical (gravity and magnetic surveys) anomalies (refer to Press Release March 17, 2021) interpreted to be related to the silver-rich base-metal skarn and/or Carbonate Replacement Deposit mineralization at the Gold Bug target area will be a priority target. The Company has also secured a diamond drill contractor for the Evening Star property, pending completion of their current client's program, the drill program is expected to start in June on the Evening Star property.
Qualified Person
Catherine Fitzgerald, P.Geo., a Qualified Person under National Instrument 43-101, and Independent Director of Sky Gold, is the Qualified Person responsible for reviewing and approving the technical contents of this news release as they pertain to the Newfoundland and Evening Star properties.
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. In addition to the Company's Newfoundland properties, the Company also owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for gold mineralization and CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization.
ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Tel. 1-604-683-3995
Toll Free. 1-888-845-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
SOURCE: Sky Gold Corp.
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https://www.accesswire.com/641750/Sky-Gold-Update-on-The-Newfoundland-Properties-and-The-Evening-Star-Property-Nevada