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GMG.v GMG Announces Battery, Team and Related Updates https://ceo.ca/@newsfile/gmg-announces-battery-team-and-related-updates
GMG Signs THERMAL-XR(R) Distributor Agreements in 4 Asian Countries
by @newsfile on 24 May 2023, 05:11
Brisbane, Queensland, Australia--(Newsfile Corp. - May 24, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG has signed distribution agreements with four separate distributors ("Distributors") to buy GMG's THERMAL-XR® and resell in their respective countries in the Heating Ventilation Air Conditioning and Refrigeration (HVAC-R) markets. The Distributors are focused on the following geographical markets: Thailand, Singapore, Indonesia and South Korea.
GMG and certain of the Distributors have successfully completed several THERMAL-XR® HVAC-R projects in South East Asia to provide case studies that illustrate the product's local benefits and customer value proposition in these countries.
GMG's Managing Director and CEO, Craig Nicol, commented: "We are excited to be signing up our initial distributors in Asia to build revenue in Energy Savings - one of our key objectives for 2023. We look forward to continuing to work with the Distributors - each a valuable partner for the sale of THERMAL-XR® going forward."
Guy Outen, GMG's Chair, commented: "I am very pleased to see these first distributor agreements in Asia - they display confidence in the potential benefit of TXR to existing and new customers of our new distributor partners. I commend the GMG team led by Mark Lock the General Manager of Energy Savings and Senior Business Development Manager Arthur Yen for their leadership."
GMG's 4 critical business objectives are:
Produce Graphene and improve/scale production process
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability
About GMG
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.
GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.
In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").
For further information, please contact:
Craig Nicol, Chief Executive Officer and Managing Director of the Company at 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 news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the viability of completed THERMAL-XR® HVAC-R projects in South East Asia to serve as case studies which demonstrate the value of GMG's products, that additional distributors in Asia will enter into Distribution Agreements , the impact of the Distributor Agreements on revenue in Energy Savings, the influence of the partnerships with the Distributors on the sale of THERMAL-XR®, and the business objectives of the Company in 2023 and beyond.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, that the case studies will not convey the benefits of the Company's products in South East Asia, that the effect of the Distributor Agreements on revenue in Energy Savings with differ from management's current expectations, that GMG's objectives in 2023 and beyond will diverge from its current objective, that no additional Distribution Agreements will be reached, and that the value of the partnerships with the Distributions will not align with management's expectations.
In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the market demand for the Company's products, that case studies will demonstrate the benefits of the Company's products, that additional Distributors will enter into Distributor Agreements, that Distributors will have a direct impact on the Company's revenue in Energy Savings, and that the partnerships with the Distributors will impact the sale of THERMAL-XR® going forward.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167274
GMG Announces Battery Joint Development Agreement with Rio Tinto
by @newsfile on 17 May 2023, 04:59
Brisbane, Queensland, Australia--(Newsfile Corp. - May 17, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG and Rio Tinto have signed a binding Joint Development Agreement ("JDA") with the goal of accelerating the development and application of GMG's Graphene Aluminium-Ion batteries in the mining and minerals industry. Rio Tinto will contribute technical and operational performance criteria and A$6 million, in exchange for preferential access rights.
Rio Tinto has put the net zero transition at the heart of its business strategy: combining investments in commodities that enable the energy transition with actions to decarbonise their operations and value chains. The JDA seeks to support the accelerated development of GMG's Graphene Aluminium-Ion Batteries for use in heavy mobile equipment and grid energy storage applications in the mining and mineral industry.
The JDA builds on the existing collaboration for Rio Tinto to explore the use of GMG's Energy Saving and Energy Storage solutions (see Company announcement on 18 May 2022). This JDA is effective immediately and is expected to last 2 years with payments spread over the term of the agreement. The JDA aims to co-develop GMG's Graphene Aluminium-Ion battery pouch cell into an initial battery pack/module proof of concept.
Rio Tinto will seek to involve Original Equipment Manufacturers (OEM), including Heavy Mobile Equipment OEMs, to work with GMG and Rio Tinto to align the battery pack development with end use requirements.
Success could see performance enhancements for Rio Tinto, including faster charging and longer-life batteries for heavy mobile equipment and grid energy storage, as well as supporting Rio Tinto's decarbonisation ambitions.
GMG will retain ownership of the intellectual property of the GMG Graphene Aluminium Ion Battery Pouch Cell and Battery Pack. On successful completion of the joint project, Rio Tinto would have the right to procure and use the batteries in their operations.
Rio Tinto Chief Scientist, Nigel Steward, said, "We are excited to expand and deepen our partnership with GMG. We both share a vision of a low-carbon future and for Rio Tinto it's a crucial time to partner with companies like GMG to accelerate battery technology and innovation. We are looking forward to continuing our collaboration and leveraging our combined expertise and resources to develop a truly green battery that has the potential to improve the way we supply and store energy."
GMG's Managing Director and CEO, Craig Nicol, commented: "We are excited to be collaborating with Rio Tinto, one of the world's largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations. The collaboration with Rio Tinto on the applications of Graphene Aluminium-Ion batteries is a key step for GMG. Together, with the existing technical and supply chain partnerships already established, this is another important step towards GMG's goal to become a major global supplier of next generation batteries as we continue to de-risk the commercial scale up of this technology."
Guy Outen, GMG's Chair, commented: "I am very pleased to further deepen our partnership with Rio Tinto. I believe the opportunity to work closely with them given their capability and drive as a large potential customer to access leading new technologies will greatly assist the potential development of our next generation Graphene Aluminium-Ion batteries. More broadly, significant customer feedback to GMG has reinforced the opportunity of the pouch cell battery format and this JDA with Rio Tinto is another example. We'll now re-prioritise our energies to developing this form of battery which should further support progress towards our aim of a commercial, large scale, highly competitive battery."
About Rio Tinto
Rio Tinto is a leading global mining and materials company. Rio Tinto operates in 35 countries and produces iron ore, copper, aluminium, critical minerals and other materials needed for the global energy transition and for people, communities, and nations to thrive. They have been mining for almost 150 years and operate with knowledge built up across generations and continents. Rio Tinto's purpose is finding better ways to provide the materials the world needs - striving for innovation and continuous improvement to produce materials with low emissions and to the right environmental, social and governance standards.
About GMG
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.
GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.
In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").
For further information, please contact:
Craig Nicol, Chief Executive Officer and Managing Director of the Company at 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 news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding Rio Tinto's contribution to the JDA and the expected benefit thereof, the impact of the JDA on the development of the Company's Graphene Aluminium-Ion Batteries, the development of GMG's pouch cell, the potential involvement of OEM, the duration of the JDA, and the benefits derived from the JDA and the partnership with Rio Tinto more generally.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including that the JDA will not result in the benefits management expects, that the Company's products will not develop as expect, that the impact of the JDA and the partnership with Rio Tinto will differ from management's expectations, that OEM will not assist in aligning the battery pack development with equipment requirements, changes to regional and global market trends, and that the Company will be unable to research, develop and produce certain products and technologies.
In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's development of certain products, the market demand for the Company's products, that the JDA will benefit both the Company and Rio Tinto, that the partnership with the Company and Rio Tinto will proceed and produce the benefits expected, that OEM will assist in aligning battery pack development with equipment requirements, the duration of the JDA, the Company's ability to research, develop and test its products within anticipated timelines, and market demand for the Company's products.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/165332
Rockland Resources Receives Permit Approval for Maiden Drill Program on The Lithium Butte Property RKL.ca https://ceo.ca/@accesswire/rockland-resources-receives-permit-approval-for-maiden
ILI.v $ARXRF Imagine Lithium Announces Multiple Drill Results from the Winter Program at Jackpot Lithium Project https://ceo.ca/@newsfile/imagine-lithium-announces-multiple-drill-results-from
GLM.ca $GOLXF IAU.to $IAUX Golden Lake and i-80 Gold to Collaborate on a Drone Magnetic Survey on Their Respective Properties, in the South Eureka Gold Belt, Nevada https://ceo.ca/@accesswire/golden-lake-and-i-80-gold-to-collaborate-on-a-drone
ILI.v $ARXRF Imagine Lithium Launches Comprehensive Property Wide Exploration Program on Jackpot Lithium Project https://ceo.ca/@newsfile/imagine-lithium-launches-comprehensive-property-wide
BARU.v $BARUF Baru Gold Updates Shareholders on Financing https://ceo.ca/@thenewswire/baru-gold-updates-shareholders-on-financing
ILI.v $ARXRF Imagine Lithium Closes a Private Placement to Raise $9.1 Million https://ceo.ca/@newsfile/imagine-lithium-closes-a-private-placement-to-raise
Delta Resources Announces Upsize in Bought Deal Private Placement of Flow-Through Units and Units to C$8.0 Million DLTA.v $DTARF https://ceo.ca/@newswire/delta-resources-announces-upsize-in-bought-deal-private
SKYG.v nice raise by our new neighbour...DLTA.v $DTARF Delta Resources Announces C$7.0 Million Bought Deal Private Placement of Flow-Through Units and Units https://ceo.ca/@newswire/delta-resources-announces-c70-million-bought-deal
SKYG.v's new neighbour DLTA.v Delta Continues to Intersect More Wide Zones of Gold Mineralization near Surface Including 1.15 g/t Gold over 89.7 Metres and 0.86 g/t Gold over 109.0 Metres at Delta-1 in Thunder Bay, Ontario. https://ceo.ca/@newsfile/delta-continues-to-intersect-more-wide-zones-of-gold
some newsletter coverage of an exciting new Gold discovery by SKYG.v's new neighbour DLTA.v in Northern Ontario ...
Delta intersects 4.23 g/t gold over 26.2 metres within a broader interval of 2.06 g/t gold over 65.8 metres at Delta-1 in Thunder Bay, Ontario.
https://insidexploration.com/delta-intersects-4-23-g-t-gold-over-26-2-metres-within-a-broader-interval-of-2-06-g-t-gold-over-65-8-metres-at-delta-1-in-thunder-bay-ontario/
SKYG.v $SRKZF Sky Gold Corp. Acquires the Horne and Laurie Properties, Immediately Adjacent to Delta Resources' Eureka Gold Discovery, in Northwestern Ontario https://ceo.ca/@accesswire/sky-gold-corp-acquires-the-horne-and-laurie-properties
GMG.v GMG Announces Commercialisation Progress of THERMAL-XR(R)
by @newsfile on 11 Apr 2023, 05:30
Brisbane, Queensland, Australia--(Newsfile Corp. - April 11, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce the following business update of its ENERGY SAVINGS portfolio product - THERMAL-XR® (TXR) powered by GMG Graphene.
THERMAL-XR® is the Company's proprietary graphene enhanced heat transfer product that provides potential ENERGY SAVING benefits in a wide range of applications. Since the recent Australian Government approval for GMG to produce and sell Thermal-XR® at scale, the Company has driven sales activities and bolstered related production capacity. Important first sales at scale have recently been secured and the Company's efforts to widen potential market segments is finding positive reception providing strong encouragement for continued sales focus targeting near term notable revenues.
GMG sales of Thermal-XR® in the Heating, Venting and Air-Conditioning-Refrigeration (HVAC-R) market is growing in various countries in direct sales to HVAC-R Contractors, with efforts to identify and strike arrangements with local HVAC-R distributors ongoing.
The Company has identified a number of markets outside the HVAC-R segment, where it sees expanded opportunities for TXR applications. For example, there is growing interest in Thermal-XR® in the Data Centre and Energy Production markets.
The total available market size for Thermal-XR® is now estimated to be in excess of US$28.4 billion, which has the potential to grow as more heat exchangers are needed for cooling space and in other industrial and energy production applications.
HVAC-R Direct Sales
The Company has received a sales order for over AU$130,000 (including GST) for THERMAL-XR® sales and service for a large Australian eco-friendly resort for the coating of nearly 200 air conditioners. This is the largest single order for THERMAL-XR® which the Company believes shows increased market acceptance of the graphene-enhanced coating system. This is on the back of other local Australian projects converting into revenue. The Company has also run a direct business to business marketing campaign in Australia for the HVAC-R market with the goal of strengthening brand awareness.
The Company estimates the total potential value of THERMAL-XR® into the HVAC-R Market is over US$26 billion based on the potential energy saving available of the near 2000 Terra Watt hour (TWh) of energy consumed by air conditioners globally annually as detailed by the International Energy Agency (IEA). Per the IEA, the air-conditioning market is also expected to grow by 150% (over 2016 levels) by 2050.
International HVAC-R Distributor Development
GMG continues to progress and negotiate Distributor Agreements for the purchase and resale of THERMAL-XR® for the HVAC-R market in the major demand centres of North America and Asia Pacific. In particular, distributor discussions with a prominent nationwide American distributor are advanced with the aim to move to significant sales soon.
A major wholesale store chain in Thailand with approximately 200 stores has requested a number of sites be further demonstrated with Thermal-XR® by a potential distributor before subsequent roll out across the country.
Following the growing market success of TXR for HVAC purposes the Company is increasing efforts to demonstrate heat management benefits into other applications. Recent examples include data centres and energy producers.
Data Centre Direct Sales
Additional THERMAL-XR® sales and third-party service projects in Southeast Asia have also occurred - with applications in the data centre cooling sector represents a significant opportunity as according to the IEA it represents up to 1.3% of global electricity demand which the Company estimates could represent an addressable market of approximately US$2 Billion of potential Thermal-XR® sales globally. Accordingly, the Company has commenced first discussions regarding projects with a number of data centre operators.
Energy Producer Sector Development
The Company is also in discussions with various mining, energy and gas producers in Australia, North America and Asia about the potential for application of THERMAL-XR® to provide increased heat transfer and corrosion resistance for operations, including gas processing heat exchangers, notably liquefied natural gas (LNG) plants. GMG made an initial sale of THERMAL-XR® and coating by GMG for a micro-LNG plant in Australia in late 2022. GMG's confidence in the success of THERMAL-XR® to shift heat faster than would generally be expected is reinforced by the tests published by the Company in the December 2022, outlining the THERMAL-XR® heat transfer outcomes verified by University of Queensland.
Taking into account the LNG market opportunity alone, which the International Gas Union noted a total production of 372 million tonnes of LNG in 2022, the Company estimates the total addressable market to be approximately US$400 Million of potential Thermal-XR® sales.
GMG's Managing Director and CEO, Craig Nicol, commented: "We are very excited to see the reception we are seeing with THERMAL-XR® in various channels and applications, including HVAC-R direct for larger business customers, HVAC-R distributors in various countries, data centres and various energy producers. The opportunity for Thermal-XR ® in the HVAC-R, data centre and energy producer market is significant."
THERMAL-XR ® Coating Blending Project Update
To support the targeted success of TXR as a major business, the Company purchased the TXR blending in September 2022 and subsequently designed and purchased enhanced coating blending plant equipment. It is working towards commissioning the plant in the second quarter of 2023. This blending plant is expected to have the capacity to produce up to two thousand litres of THERMAL-XR RESTORE® coating per eight-hour shift, providing the ability to service growth well into the future. GMG has also procured new laboratory equipment for quality assurance requirements, and to carry-on research and development of extensions and enhancements to the THERMAL-XR® portfolio into an even wider range of applications.
GMG's Managing Director and CEO, Craig Nicol, commented: "We are pleased to be able to begin producing our coatings for HVAC-R and other heat transfer applications in-house, as a significant step to becoming a globally recognised brand leader in Energy Saving products."
About THERMAL-XR® powered by GMG Graphene:
THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.
THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDING
About Thermal XR® Coating Blending Project
As announced in September 2022, GMG has completed the acquisition of the manufacturing intellectual property and brand rights of OzKem Pty Ltd.'s ("OzKem") THERMAL-XR® coating products. Since September, good progress has been made in establishing the in-house blending capability to manufacture THERMAL-XR®. The Project involves building a blending plant, including the required equipment to develop and manufacture THERMAL-XR® in-house. The Project is located adjacent to the graphene manufacturing expansion project and Company headquarters in Richlands, Brisbane, Queensland, Australia.
About GMG
GMG is a disruptive Australian-based clean-tech company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance enhanced HVAC-R coating system.
For further information please contact:
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
www.graphenemg.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the impact of THERMAL-XR® on heat transfer and its potential applications and expected performance, management's expectations of the effects of Thermal-XR®, the commercial maturation of THERMAL-XR®, the brand awareness and market acceptance of the THERMAL-XR® system, the support for distributors to buy and resale THERMAL-XR®, the growing HVAC-R markets, the expected focus on the data centre cooling, HVAC-R and energy producer sectors, the timing of the completion of the pilot blending plant and the expected benefits and capabilities thereof, and the future development of the THERMAL-XR® portfolio.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the ability of the Company to achieve the expected results of its THERMAL-XR®, that THERMAL-XR® will commercially mature as expected by management, that the company will expand the THERMAL-XR® portfolio, that there will be demand by distributors to buy and resell THERMAL-XR® in the HVAC-R market, that the market for THERMAL-XR® will grow and develop as expected, that the recent order for THERMAL-XR® sales and service to an Australian eco-friendly resort is representative of broader market acceptance, the Company will focus on the expected markets and sectors currently contemplated, and the pilot blending plant will be completed on the expected timeline and provide the benefits as management expects. 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: the Company will not be able to use THERMAL-XR® as expected or the performance, safety profile and production and maintenance requirements of the THERMAL-XR® coating system will not be consistent with management's expectations, the impact of Thermal-XR® will not be consistent with management's expectations, the recent order of THERMAL-XR® sales and service is not indicative of broader market acceptance, the commercial maturation of THERMAL-XR® will not occur as expected, there will not be demand from distributors to buy and resell THERMAL-XR® in the HVAC-R market, that demand for THERMAL-XR® in the expected markets will not match managements expectations, that the Company will focus on different sectors and markets than currently contemplated, that the pilot blending will not be completed on the expected timeline, or not derive the benefits currently expected by management, the Company will not be able to research, develop and produce certain products, the Company will not be successful in engaging third parties and developing relationships to assist in the development, distribution and sale its products, public health crises such as the COVID-19 pandemic may adversely impact the Company's business and the ability of the Company to develop its products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 18, 2022 available for review on the Company's profile at www.sedar.com.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161952
ILI.v $ARXRF Imagine Lithium Announces a Private Placement to Raise $9.1 Million https://ceo.ca/@newsfile/imagine-lithium-announces-a-private-placement-to-raise
SKYG.v $SRKZF Sky Gold Closes Financing https://ceo.ca/@accesswire/sky-gold-closes-financing-c02b6
RKL.ca Rockland Resources Acquires the Wapistan Lithium Project https://ceo.ca/@accesswire/rockland-resources-acquires-the-wapistan-lithium-project
GLM.ca $GOLXF Golden Lake Obtains Encouraging Results From Soil Sampling on Its Jewel Ridge Gold-Silver-Lead-Zinc CRD Property, Eureka County, Nevada https://ceo.ca/@accesswire/golden-lake-obtains-encouraging-results-from-soil-sampling
AMX.v $AMXEF purring along this week ...like the weekly chart
SKYG.v $SRKZF Sky Gold Acquires the Star Lake Nickel-Copper-Cobalt-Chrome-Platinum Group Element Property in The Shebandowan Greenstone Belt, Northwestern Ontario https://ceo.ca/@accesswire/sky-gold-acquires-the-star-lake-nickel-copper-cobalt-chrome-platinum
GLM.ca $GOLXF Golden Lake’s Full Monty Property Returns Significant Gold, Silver, And Zinc Values in Rock and Soil Samples, Princeton, BC https://ceo.ca/@accesswire/golden-lakes-full-monty-property-returns-significant
GLM.ca $GOLXF Golden Lake’s Full Monty Property Returns Significant Gold, Silver, And Zinc Values in Rock and Soil Samples, Princeton, BC https://ceo.ca/@accesswire/golden-lakes-full-monty-property-returns-significant
WHN.v Westhaven Provides Final Drill Results From 2022; Drills 15.85 Metres of 0.93 g/t Gold, Including 0.72 Metres of 11.90 g/t Gold at Skoonka Gold Property https://ceo.ca/@globenewswire/westhaven-provides-final-drill-results-from-2022-drills
SKYG.v $SRKZF Sky Gold Corp. Welcomes Mackenize Watson and Donald Hoy to Its Advisory Board
by @accesswire on 14 Mar 2023, 06:01
VANCOUVER, BC / ACCESSWIRE / March 14, 2023 / SKY GOLD CORP. ("Sky" or the "Company") (TSX-V:SKYG)(OTC PINK:SRKZF) announces the additions of Mr. Mackenzie Watson and Mr. Donald Hoy to its Advisory Board.
Mr. Watson, B.Sc., P.Eng., has over 50 years of experience in exploration, finance, development, and operations in the mining industry. Mr. Watson has spent his career in the junior mining sector, notably serving as Chief Executive Officer (CEO) of Lynx Canada Exploration Ltd. until 1985 and as Chief Executive Officer of Freewest Resources Inc. commencing in 1985, until its acquisition by Noranda in 1994. He was then CEO of Freewest Resources Canada Inc until its acquisition by Cliffs Natural Resources in 2010. Among his many achievements, Mr. Watson was awarded the Prospectors and Developers of Canada's Bill Dennis award in 1991 for his contribution in the discovery of the Harker Holloway gold mine (Ontario), the Icon-Sullivan copper mine (Quebec), the Long Lake zinc mine (Ontario), the Ellison gold deposit (Quebec) and the Hebecourt copper deposit (Quebec) and again in 2010, for his contributions to the mineral discoveries in the Ring of Fire area in Northern Ontario. Mr. Watson is also the first person to have received the Bill Dennis Award for a Canadian Discovery and/or prospecting success twice: a first time in 1991 for numerous discoveries; and again in 2009, as part of the team responsible for chromite discoveries in the Ring of Fire. He was also awarded the Quebec Prospector of the Year Award in 1992, for his participation in the discovery of the Pusticamica and Verneuil gold deposits in Quebec. In January 2015, Mr. Watson was inducted into the Canadian Mining Hall of Fame.
Donald Hoy brings over 35 years of experience, acting in both technical and senior management capacities, for junior and major mining companies. Recently, he served as President of Wolfden Resources Corporation and prior to that, as Vice President Exploration and Development for Cliffs Natural Resources Inc. as well as Freewest Resources Canada Inc. During his tenure with Freewest, he was a recipient of the Prospectors and Developers Association of Canada 2009 Bill Dennis Award, as 1 of 5 persons credited with the ‘Ring of Fire' discoveries, in northern Ontario. Mr. Hoy holds a B.Sc. degree from the University of Western Ontario and a M.Sc. degree (Mineral Exploration) from Queen's University.
Mac Watson and Don Hoy's impressive track records as explorers are particularly relevant to Sky Gold's business plan as it pertains to the newly acquired Sungold, Greenwater Lake and Kekekuab Lake properties, all situated in the Shebandowan greenstone belt in northwestern Ontario. The Shebandowan greenstone belt contains the Larose gold prospect and the Sungold copper-zinc massive sulphide prospect, 2 prominent discoveries in which Freewest and a local prospector played instrumental roles in making in 2001 and 2005, respectively. Mr. Watson and Mr. Hoy are recipients of the Northwestern Ontario Prospectors Association's, Discovery of the Year Award in 2003 and 2005, in recognition for such discoveries.
"We are very excited to have Mac Watson and Don Hoy join Sky Gold team, given their wealth of experience and knowledge in the mineral exploration business and specifically, in the area of our recent acquisitions in the Shebandowan region of Ontario." stated Mike England, CEO and President of Sky Gold Corp.
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA for the benefit of its shareholders.
ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO, PRESIDENT & DIRECTOR
FOR FURTHER INFORMATION PLEASE
CONTACT: Telephone: 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.
SOURCE: Sky Gold Corp.
View source version on accesswire.com:
https://www.accesswire.com/743620/Sky-Gold-Corp-Welcomes-Mackenize-Watson-and-Donald-Hoy-to-Its-Advisory-Board
RKL.ca Rockland Resources Identifies Large Lithium Soil Anomaly on Utah Lithium Projects https://ceo.ca/@accesswire/rockland-resources-identifies-large-lithium-soil-anomaly
WHN.v Westhaven Outlines Plans for 2023; Drilling to Commence Shortly on the Shovelnose Gold Property https://ceo.ca/@globenewswire/westhaven-outlines-plans-for-2023-drilling-to-commence
GMG.v $GMGMF GMG Receives Regulatory Development Approval for Future Battery Plant
by @newsfile on 22 Feb 2023, 05:11
Brisbane, Queensland, Australia--(Newsfile Corp. - February 22, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to advise of the receipt of regulatory and local council approvals for the commercial scale manufacturing of batteries at its existing Richlands site in Brisbane Australia. To date GMG has been adhering to a research and development regulatory approval to make battery cell prototypes. In addition, this site already has council approvals that allow GMG to manufacture its graphene.
These regulatory approvals are an important step in GMG's consideration at an appropriate future time to build and operate a battery manufacturing plant at the GMG Headquarters at Richlands.
To that end, GMG continues to advance its Battery Development Roadmap, including:
Further develop, engineer, design and test battery prototype components to achieve the user-required performance data for potentially either coin cell or pouch cell battery.
Further design engineering and production testing of manufacturing systems to enable the manufacture of the prototypes in a semi or fully-automated process.
Solidification of necessary supply agreements.
Full constraints analysis of the existing building - ensuring existing warehouse and electricity supply are adequate for the final plant design and fit within the constraints of the development approval.
Delivery of the Graphene Expansion Project and review of further expansion projects as required.
Full battery prototype testing and quality assurance to international standards, regulations and approvals where required.
Work towards securing battery sales agreements.
An organisational team and financial funding requirements.
GMG's Managing Director and CEO, Craig Nicol, commented: "This is another milestone in the maturation of the Company. This allows GMG to take its battery development roadmap further with reassurance that government approvals have been granted to build and operate a plant at our existing location."
This milestone aligns with GMG's 4 critical Business Objectives, namely
Produce Graphene and improve/scale production process
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability
About GMG
GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost inputs, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils.
www.graphenemg.com
For further information, please contact:
Craig Nicol, Chief Executive Officer and Managing Director of GMG at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, 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 news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding: the Company's plans to build and operate a battery manufacturing plant at the Company's Headquarters at Richlands; the expectations regarding the growth and development of the Company, and; the Company's ability to obtain the necessary regulatory approvals to complete its current growth and development strategy.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including its personnel; the intention of the Company to research, develop and produce certain products; the ability of the Company to build and operate a battery manufacturing plant at the Company's Headquarters at Richlands; the ability of the Company to recognize its expectations regarding the growth and development of the Company, and; the ability of the Company to obtain the necessary regulatory approvals to complete its current growth and development strategy.
In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines; the ability of the Company to build and operate a battery manufacturing plant at the Company's Headquarters at Richlands; the ability of the Company to recognize its expectations regarding the growth and development of the Company, and; the ability of the Company to obtain the necessary regulatory approvals to complete its current growth and development strategy.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155739
BARU.v $BARUF Baru Gold Announces $2.25 Million Financing
by @thenewswire on 21 Feb 2023, 06:10
(TheNewswire)
Baru Gold Corp.
February 21, 2023 – TheNewswire - Baru Gold Corp. (TSXV:BARU) | (OTC:BARUF) is conducting a $2.25-million non-brokered private placement consisting of up to 75,000,000 priced at $0.03 per unit. Each unit will comprise one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of $0.05 for the first year and $0.10 cents for the second year during a two year term. The financing is expected to close on or before April 7, 2023.
The use of proceeds percentage of the financing will be 13 per cent for land acquisition, 22 per cent for drilling, 7 per cent for security, 4 per cent for investor relations, 18 per cent for payments to non-arm's-length parties and 36 per cent for working capital.
Note: The company cautions readers that the any production decision made by the company will not be based on a National Instrument 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability, and, as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks, and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures, and the risk that the project's output will not be saleable at a price that will cover the project's operating and maintenance costs.
The private placement is subject to regulatory approval, and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. All funds are denominated in Canadian dollars. In connection with the private placement, the company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the exchange.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements.
ABOUT SANGIHE GOLD PROJECT
The Sangihe gold project is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and105,000 inferred ounces of gold, as reported in the company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia," dated May 30, 2017. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.
The Company's 70-per-cent interest in the Sangihe mineral tenement contract of work (CoW) is held through PT. Tambang Mas Sangihe (TMS). The remaining 30-per-cent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.’
Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production.
ABOUT BARU GOLD
Baru Gold is a dynamic junior gold developer with National Instrument 43-101 gold resources in Indonesia, one of the top 10 gold-producing countries in the world. Based in Indonesia and North America, Baru's team boasts extensive experience in starting and operating small-scale gold assets.
Frank Rocca, BAppSc (geology), MAusIMM, MAIG, CPI-KCMI, chief geologist of Baru Gold, is the qualified person as defined under NI 43-101 who has reviewed and approves the content of this release.
BARU GOLD CORP
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
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.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Copyright (c) 2023 TheNewswire - All rights reserved.
ILI.v $ARXRF Just posted... Great $ILI write-up by Keith Schaefer (probably the best Canadian newsletter writer) ... cheers...hsb https://investingwhisperer.com/imagine-lithium-ili-tsxv-arxrf-otc-has-already-hit-the-lithium-jackpot/
ILI.v $ARXRF Imagine Lithium Drills Best Intercept to Date at Jackpot 25.46 m Grading 1.21% Li2O, including 10.0 m Grading 1.88% Li2O https://ceo.ca/@newsfile/imagine-lithium-drills-best-intercept-to-date-at-jackpot
ILI.v decent action today ...0.13 x0.135 on 4.2 M shares
Market Depth for V:ILI 14:28:38 EST - Update in 45 seconds Pause
Sym-X Bid - Ask Last Chg %Ch Vol $Vol #Tr Open-Hi-Lo Year Hi-Lo Last Tr News Delay
ILI - V 599.0 V 0.13 · 0.135 V 595.0 0.13 +0.02 18.2 4,218.1 523 380 0.115 0.145 0.115 0.17 0.05 14:24:02 Feb 09 realtime
TSX-V - V 442.5 0.13 · 0.135 317.5 0.135 +0.025 22.7 3,094.9 383 207 0.115 0.145 0.115 0.17 0.05 14:19:24 realtime
NEO ATS - U 92.0 0.13 · 0.135 104.5 0.135 +0.025 22.7 245.2 31 32 0.115 0.14 0.115 14:19:28 realtime
Alpha - A 30.0 0.125 · 0.135 10.5 0.135 +0.025 22.7 457.0 58 38 0.125 0.145 0.125 13:47:21 realtime
Omega - O 14.0 0.13 · 0.135 7.0 0.135 +0.025 22.7 149.5 19 25 0.115 0.145 0.115 14:19:24 realtime
Pure - P 0.5 0.13 · 0.14 0.5 0.14 +0.03 27.3 3.6 9 0.12 0.14 0.12 13:22:39 realtime
Chi-X - X 0.5 0.11 · 0.135 147.0 Feb 08 realtime
CX2 - H 14.0 0.13 · 0.135 8.5 0.13 +0.02 18.2 262.5 33 34 0.115 0.14 0.115 14:24:02 realtime
CXD - D 0.11 1.7 8 Feb 07 realtime
TriAct - M 0.11 3.7 27 May 06-20 realtime
Trade times are ET. News times are ET. Bid/ask/vol sizes in thousands.
Hide ATS · Portfolio
V:ILI Depth by Price @14:28:08
Bid Ask
Orders Size Price Price Size Orders
5 442,500 0.13 0.135 317,500 3
6 58,500 0.125 0.14 67,000 3
7 357,000 0.12 0.145 232,875 10
5 290,000 0.115 0.15 266,500 15
8 236,000 0.11 0.155 47,000 3
Special terms and non-boardlot orders do not appear in Depth by Price +Vertical-Columnar+Horizontal
V:ILI Depth by Order @14:28:08
Bid Ask
Broker Size Price Price Size Broker
1 Anonymous 500 0.13 0.135 53,000 7 TD Sec
2 RBC 25,000 0.13 0.135 20,000 19 Desjardins
1 Anonymous 400,000 0.13 0.135 244,500 13 Instinet
2 RBC 12,000 0.13 0.14 5,000 2 RBC
79 CIBC 5,000 0.13 0.14 50,000 9 BMO Nesbitt
1 Anonymous 500 0.125 0.14 12,000 7 TD Sec
7 TD Sec 18,000 0.125 0.145 3,175 9 BMO Nesbitt
1 Anonymous 25,000 0.125 0.145 25,000 1 Anonymous
19 Desjardins 500 0.125 0.145 92,000 7 TD Sec
85 Scotia 10,000 0.125 0.145 2,000 80 National Bank
Special terms orders and non-boardlot orders do not appear in Market Depth by Order
GMG.v $GMGMF GMG Receives Regulatory Approval to Enable Significant Commercial Sales
by @newsfile on 13 Feb 2023, 08:00
Brisbane, Queensland, Australia--(Newsfile Corp. - February 13, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce the full and final approval of all GMG's Graphene products from the Australian Industrial Chemicals Introduction Scheme (AICIS) of the Australian Government Department of Health and Aged Care under Assessment statement CA09624.
AICIS approval allows GMG to significantly increase the production and sale of GMG graphene-enhanced products including:
Coatings: THERMAL-XR® and other industrial coatings as developed;
Automotive Fluids: G® LUBRICANT, G® COOLANT and other automotive liquids as developed;
Fuel: G® DIESEL ; and
Batteries: including for GMG's Graphene Aluminium Ion Battery.
This AICIS approval will enable the fulfilment of targeted THERMAL-XR® and G® LUBRICANT sales to industrial customers in Australia and in countries where no further international approvals are needed. Prior to this approval only smaller volumes to a restricted customer list were permitted. The subsequent targeted development of other GMG products, including Graphene Aluminium ion batteries, will similarly be enabled by AICIS with this approval - although the battery will likely need further testing and approval to international battery standards and regulations before sale.
The following conditions apply to this AICIS approval:
10 tonnes per annum of total graphene powder.
Products are to be used in a professional setting except for batteries which can also be sold to end consumers directly.
Certain maximum percentages are allowed per product type.
Environmental compliance requirements including no discharge to water ways.
GMG's CEO Craig Nicol stated, "I am very pleased to see the full and final product regulator approval for our graphene products from AICIS - enabling GMG to enter the next phase of its commercial maturation to focus on developing, marketing, selling and producing its products. This is one of the first nanomaterials approved under the AICIS regulations which came into being on 1 July 2020 with significant revised nanomaterial chemical classification and introduction changes from the previous regulator scheme and is a credit to GMG's technical staff in achieving this approval."
About AICIS
The Australian Industrial Chemicals Introduction Scheme (AICIS) helps protect Australians and the environment by assessing the risks of industrial chemicals and providing information to promote their safe use. AICIS is the national regulator of the importation and manufacture of industrial chemicals in Australia. AICIS is an agency within the Department of Health.
About GMG
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.
GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, with low cost inputs, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.
In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").
For further information, please contact:
Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, 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 news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements relating to the Company's development plans.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the success of the Company's development plans.
In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company's resources and personnel and the accuracy of the Company's expectations regarding the Company's development plans.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154572
BARU.v $BARUF Baru Gold Announces Closures of Illegal Mines
by @thenewswire on 10 Feb 2023, 07:30
(TheNewswire)
Baru Gold Corp.
February 10, 2023 – TheNewswire - Vancouver, BC - Baru Gold Corp (TSXV:BARU) | (OTC:BARUF) (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“TMS”) or the “Company”) is happy to announce to stakeholders and investors that the industrial-scale, illegal mining operations on Sangihe Island have stopped.
As of February 10, 2023, all known illegal mines on Sangihe Island are no longer operating. The illegal miners, virtually all non-residents, left Sangihe Island en masse. Their remaining pieces of heavy equipment are being moved off the worksites. As mentioned in our press release of January 11, 2023, the Company believes these events are directly related to the Police Chief of North Sulawesi (Kapolda) Setyo’s mission to end illegal mining across the entire region. Unfortunately, illegal miners have not undertaken any environmental remediation and left their worksites contaminated.
The Company is the only entity legally permitted to operate a gold mine on Sangihe Island.
We wish to stress to shareholders the importance of ending illegal mining on Sangihe Island. Virtually every difficulty and delay faced can be tied directly or indirectly to illegal miners that have a vested financial interest in preventing the Company from operating. Illegal miners have also spent significant sums of money to fund media campaigns, lawsuits, and protests that have resulted in physical attacks on and blockage of the Company’s equipment and staff. The departure of illegal miners is a win for the Company, local Sangihe residents, the environment, and Indonesia.
Mr. Terry Filbert, CEO of Baru Gold, commented, “For too long, Sangihe Island has been held hostage by a few individuals using the Island’s resources to enrich themselves and corrupt the social fabric and environment. The illegal miners brought nothing but corruption, violence, and environmental destruction. The gold on Sangihe should be used to provide lasting positive social and economic changes on the Island – not for nefarious purposes. The residents have now seen and felt the damage done by the illegal miners on Sangihe. In contrast, the Company pays many taxes, including payroll, property, land concession, income, and, once in production, royalties. All these taxes go to support the development of the Island and the Indonesian economy. Seventeen villages on Sangihe are still without connection to the electrical grid. Our tax contributions will flow to such villages to help electrify them – not only to a few self-interested individuals. I look forward to seeing the positive financial and social changes on Sangihe Island, while protecting the environment.”
The Company also wishes to welcome Jan Leonard de Fretes as the new Wakapolda (Vice-Regional Head) of the North Sulawesi Police. The Wakapolda is newly appointed, and like Kapolda Setyo, he has also prioritized the removal of illegal miners and dismantling the supply chain, upon which they depend, across the entirety of North Sulawesi.
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's “Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia” (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.
The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks
The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work (“CoW”) is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.
Baru has met all the requirements of the Indonesian government and has been granted its environmental permit.
ABOUT BARU GOLD CORP.
Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team boasts extensive experience in starting and operating small-scale gold assets.
BARU GOLD CORP
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
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
Copyright (c) 2023 TheNewswire - All rights reserved.
ILI.v $ARXRF Imagine Lithium Produces 6% Li2O Concentrate with Low Iron Content From Metallurgical Testing at Jackpot https://ceo.ca/@newsfile/imagine-lithium-produces-6-li2o-concentrate-with-low
BARU.v $BARUF Baru Gold Announces Gold Loan Mandate for $15 Million USD
by @thenewswire on 7 Feb 2023, 15:55
(TheNewswire)
Baru Gold Corp.
Vancouver, BC - TheNewswire - February 7, 2023 - Baru Gold Corp (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“TMS”) or the “Company”) (TSX.V:BARU) (OTC:BARUF) is happy to announce to stakeholders and investors the signing of an agreement with an Asian-based Investment and Banking Advisory Firm (the “Investment Firm”) to assist with placing a USD 15 Million gold-prepayment agreement (“Gold Loan”). The financing to be covered by the Gold Loan is in the form of a loan that is non-dilutive to shareholders. The expected date of closing is in approximately 90 days. The Gold Loan is in addition to the Private Placement announced on January 4, 2023.
The Investment Firm is headquartered in Singapore with offices worldwide and is a leading finance provider to growing companies in Southeast Asia, the Middle East and Africa. The Investment Firm has a long and successful track record of investments in Indonesia. With worldwide capital networks, they have raised over USD 1.6 Billion and worked extensively on securing financing for various mining companies and companies that trade precious metals.
The terms of the engagement of the Investment Firm include the payment of: (i) a non-refundable commitment fee of US$7,500; (ii) a non-refundable milestone fee of US$10,000 payable upon acceptance and signing of any indicative term sheet or contract with the proposed lender; (iii) a 2.75% fee based on the prepayment amount and the loan principal payable upon the closing of the loan transaction; and a 2% commission on the sale value of any gold dore sold to any purchasing parties introduced by the Investment Firm to the Company.
The primary objective of the Gold Loan is to bring the Sangihe Project into production. Most of the funding will be used to expand land acquisition, construct more heap leach pads, build additional pits and other necessary production facilities, hire security, and obtain a Merrill Crowe Plant. A Merrill Crowe Plant will significantly improve the processing speed and recovery rates of gold, allow the extraction of silver and copper, and reduce the Company’s environmental impact. Based on the metallurgical test results announced on April 11, 2022, with the utilization of a Merrill Crowe Plant, the Company expects gold recoveries of 85% and silver recoveries to reach approximately 96%.
The secondary objectives of the Gold Loan are to retire old debt and to expand the drilling and exploration program. The initial area targeted for this drilling program is covered in the Sangihe 2010 NI 43-101 report that identified 835,000 ounces of gold as an inferred resource between Binebase and Bawone villages over an approximately 1.2 kilometres of strike length. An infill drilling program will be conducted in this area to upgrade some inferred resources into indicated and measured resource status.
Thereafter, exploration drilling will continue over an additional 1.45 kilometres from Bawone to the South of Salurang and in other targeted regional areas. As announced on February 7, 2022, and February 14, 2022, The Murphy Geological Services Structural Survey identified 23 additional exploration targets and subsequent ground truth sampling at the Kingston Target revealed high-grade gold (14.60 g/t) and silver (13.60 g/t) assays. Most of the area within the Company’s Contract of Work is unexplored and a priority of the Company is to identify new targets to expand production operations.
Mr. Terry Filbert, CEO of Baru Gold, commented, “I am thrilled with this new relationship. Not only will these funds be useful on Sangihe, but hopefully, we can continue to work together in the future. For Sangihe, this capital raise will be more than enough to bring us into production and allow us to explore across targeted areas within our Contract of Work. I believe the exploration program will quickly justify constructing additional heap leach pads and pits to expand production operations. With the increased material from the heap leach pads, the Merrill Crowe Plant is exactly what we will need to scale the operation. This capital injection will allow me to grow the project into the one I’ve long envisioned, while supporting the economic growth and development on Sangihe Island. With Sangihe in production, I can then focus on the vision for the Company that our investors and I share.”
The Company appreciates the ongoing support it receives from the local residents of Sangihe, who are hoping for a better economy and safer environment, and the local government officials that are actively supporting their aspirations.
Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, CPI-KCMI, Chief Geologist of Baru is the Qualified Person as defined under the N1 43-101 who has reviewed and approved the contents of this release pertaining to the Sangihe Project held by the Company.
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as reported in the Company's “Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia” (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.
The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks
The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work (“CoW”) is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.
Baru has met all the requirements of the Indonesian government and has been granted its environmental permit.
ABOUT BARU GOLD CORP.
Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team boasts extensive experience in starting and operating small-scale gold assets.
Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, CPI-KCMI, Chief Geologist of Baru Gold Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and approves the content of this release.
BARU GOLD CORP
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
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 cost.
Copyright (c) 2023 TheNewswire - All rights reserved.
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