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Glad this is back up to higher levels. I knew it was just a matter of time before it ripped from its dip!
$EPAZ
$EPAZ had an awesome day yesterday! Up 54% on over 38M volume!
Good loading day today!
$SUUFF
Bids building
$SUUFF
Found a great link for due diligence on this stock! >>
https://www.strathmoreplus.com/wp-content/uploads/2023/04/SUU-Presentation-April-27v2.pdf
$SUUFF
$SUUFF Submits Permit to Drill Flagship Night Owl Project
Kelowna, British Columbia--(Newsfile Corp. - May 8, 2023) - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTC Pink: SUUFF) ("Strathmore Plus" or "the Company") is pleased to announce that it has submitted an application to drill on the Night Owl property. The exploratory plan includes 30 drill sites and 3,000 feet of drilling, to expand the areas of known uranium mineralization, that Night Owl produced from in the 1960s. Strathmore is excited to utilize new, modern geophysical techniques to get a much better understanding of the geology in the area relative to uranium deposition. The Company has been able to identify new targets with even greater potential than the original Night Owl mine site. Strathmore is convinced these new techniques, including the highly successful near-surface, airborne radiometric and magnetic surveys, coupled with a ground-gravity survey, that have provided excellent new targets will result in the company once again get the mine back into production. Completion of the surveys by MWH Geo-Surveys of Reno, Nevada, is slated for early summer. They will include the 640-acre state mineral lease the Company recently acquired in late 2022.
The lead federal and state agencies in charge of reviewing, approving, and permitting the drilling activities are the US Bureau of Land Management and the State of Wyoming's Department of Environmental Quality, Land Quality Division. The permitting process will include a review of potential cultural sites and possible impacts to wildlife and vegetation. The Company anticipates receipt in summer 2023 of a permit to explore, followed by drilling in the autumn months.
Mr. John DeJoia P.Geo. and Director, stated, "With the ability to better understand the geologic regime at Night Owl, I believe we can truly benefit from today's advanced uranium exploration techniques. When I first learned of the Night Owl property from its original owner, the exploration tools used to first locate the Night Owl property were very basic airborne scintillometers. The knowledge of the Shirley Basin geology and the nearby uranium deposits was just being learned. Strathmore has studied the geology of the area and has an advanced understanding of the deposition of the uranium at Night Owl. We have employed new geophysical methods to better identify areas for drilling and sampling. The Night Owl uranium mineralization does not fit the widespread roll-front model, that and its higher grades, make this a very intriguing and promising project."
About the Night Owl Project
The Night Owl uranium deposit was initially discovered by airborne scintillometer in the mid 1950s. The original owners received a mining allotment from the Atomic Energy Commission (now the US Dept. of Energy), and over the ensuing years they recovered several 100 tons of ore. grading 0.24% U3O8 to the receiving facility in Riverton, Wyoming. As the AEC purchase agreements decreased and uranium prices dropped, production at Night Owl eventually ceased. In the mid 1970s, Mr. John DeJoia, P.Geo., a Director of Strathmore working nearby in the Shirley Basin uranium mines, was first introduced to the Night Owl project and its intriguing near-surface, higher-grade uranium mineralization that differs greatly from the typical roll-front uranium deposits in Wyoming. The uranium is contained within a brecciated zone lying at the unconformable contact between the Mississippian Madison Formation (limestone) and the overlying Pennsylvanian-Permian Casper Formation (sandstone). The 7- to 10-foot-thick zone of breccia consists of voids filled with silicious materials containing complex uranium minerals, including uranyl phosphates.
In 2022, upon this knowledge of Night Owl, Strathmore initially staked 28 mining claims, increasing to 82 claims upon highly successful assay results and modern geophysical surveying. Having collected samples from grabbed rock to in-place outcrop near the initially mined area, ten assay results were reported by Strathmore, ranging from 0.229 to 0.384% U3O8, confirming and exceeding the historically reported mined average. Many of the claims were staked after the intriguing initial results from the near-surface, airborne radiometric and magnetic surveys, coupled with those of a ground-gravity survey. These surveys are slated for completion in early summer 2023, including at additional lands within 4 miles acquired in late 2022, a 640-acre state mineral lease with similar geologic host strata as the Night Owl mine site. Upon receipt of the exploration permit, Strathmore intends to drill and collect samples for assaying and downhole geophysical data across areas of notably higher radioactivity based on the airborne survey.
About Strathmore Plus Uranium Corp.
Strathmore has 3 uranium projects in Wyoming, including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing mine that was in production in the early 1960s. Strathmore received an exploration permit for the Beaver Rim project in October 2022 and for the Agate project in April 2023, and is now applying for both exploration and drilling permits for Night Owl.
Cautionary Statement: Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of Strathmore Plus Uranium Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Strathmore Plus Uranium Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Terrence Osier, P.Geo., Vice President, Exploration of Strathmore Plus Uranium Corp., a Qualified Person.
Strathmore Plus Uranium Corp.
Contact Information:
Investor Relations
Telephone: 1 888 882 8177
Email: info@strathmoreplus.com
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
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.
https://finance.yahoo.com/news/strathmore-submits-permit-drill-flagship-080500962.html
$SUUFF Submits Permit to Drill Flagship Night Owl Project
Kelowna, British Columbia--(Newsfile Corp. - May 8, 2023) - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTC Pink: SUUFF) ("Strathmore Plus" or "the Company") is pleased to announce that it has submitted an application to drill on the Night Owl property. The exploratory plan includes 30 drill sites and 3,000 feet of drilling, to expand the areas of known uranium mineralization, that Night Owl produced from in the 1960s. Strathmore is excited to utilize new, modern geophysical techniques to get a much better understanding of the geology in the area relative to uranium deposition. The Company has been able to identify new targets with even greater potential than the original Night Owl mine site. Strathmore is convinced these new techniques, including the highly successful near-surface, airborne radiometric and magnetic surveys, coupled with a ground-gravity survey, that have provided excellent new targets will result in the company once again get the mine back into production. Completion of the surveys by MWH Geo-Surveys of Reno, Nevada, is slated for early summer. They will include the 640-acre state mineral lease the Company recently acquired in late 2022.
The lead federal and state agencies in charge of reviewing, approving, and permitting the drilling activities are the US Bureau of Land Management and the State of Wyoming's Department of Environmental Quality, Land Quality Division. The permitting process will include a review of potential cultural sites and possible impacts to wildlife and vegetation. The Company anticipates receipt in summer 2023 of a permit to explore, followed by drilling in the autumn months.
Mr. John DeJoia P.Geo. and Director, stated, "With the ability to better understand the geologic regime at Night Owl, I believe we can truly benefit from today's advanced uranium exploration techniques. When I first learned of the Night Owl property from its original owner, the exploration tools used to first locate the Night Owl property were very basic airborne scintillometers. The knowledge of the Shirley Basin geology and the nearby uranium deposits was just being learned. Strathmore has studied the geology of the area and has an advanced understanding of the deposition of the uranium at Night Owl. We have employed new geophysical methods to better identify areas for drilling and sampling. The Night Owl uranium mineralization does not fit the widespread roll-front model, that and its higher grades, make this a very intriguing and promising project."
About the Night Owl Project
The Night Owl uranium deposit was initially discovered by airborne scintillometer in the mid 1950s. The original owners received a mining allotment from the Atomic Energy Commission (now the US Dept. of Energy), and over the ensuing years they recovered several 100 tons of ore. grading 0.24% U3O8 to the receiving facility in Riverton, Wyoming. As the AEC purchase agreements decreased and uranium prices dropped, production at Night Owl eventually ceased. In the mid 1970s, Mr. John DeJoia, P.Geo., a Director of Strathmore working nearby in the Shirley Basin uranium mines, was first introduced to the Night Owl project and its intriguing near-surface, higher-grade uranium mineralization that differs greatly from the typical roll-front uranium deposits in Wyoming. The uranium is contained within a brecciated zone lying at the unconformable contact between the Mississippian Madison Formation (limestone) and the overlying Pennsylvanian-Permian Casper Formation (sandstone). The 7- to 10-foot-thick zone of breccia consists of voids filled with silicious materials containing complex uranium minerals, including uranyl phosphates.
In 2022, upon this knowledge of Night Owl, Strathmore initially staked 28 mining claims, increasing to 82 claims upon highly successful assay results and modern geophysical surveying. Having collected samples from grabbed rock to in-place outcrop near the initially mined area, ten assay results were reported by Strathmore, ranging from 0.229 to 0.384% U3O8, confirming and exceeding the historically reported mined average. Many of the claims were staked after the intriguing initial results from the near-surface, airborne radiometric and magnetic surveys, coupled with those of a ground-gravity survey. These surveys are slated for completion in early summer 2023, including at additional lands within 4 miles acquired in late 2022, a 640-acre state mineral lease with similar geologic host strata as the Night Owl mine site. Upon receipt of the exploration permit, Strathmore intends to drill and collect samples for assaying and downhole geophysical data across areas of notably higher radioactivity based on the airborne survey.
About Strathmore Plus Uranium Corp.
Strathmore has 3 uranium projects in Wyoming, including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing mine that was in production in the early 1960s. Strathmore received an exploration permit for the Beaver Rim project in October 2022 and for the Agate project in April 2023, and is now applying for both exploration and drilling permits for Night Owl.
Cautionary Statement: Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of Strathmore Plus Uranium Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Strathmore Plus Uranium Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Terrence Osier, P.Geo., Vice President, Exploration of Strathmore Plus Uranium Corp., a Qualified Person.
Strathmore Plus Uranium Corp.
Contact Information:
Investor Relations
Telephone: 1 888 882 8177
Email: info@strathmoreplus.com
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
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.
https://finance.yahoo.com/news/strathmore-submits-permit-drill-flagship-080500962.html
There was a news release yesterday >>
Strathmore Submits Permit to Drill Flagship Night Owl Project
Kelowna, British Columbia--(Newsfile Corp. - May 8, 2023) - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTC Pink: SUUFF) ("Strathmore Plus" or "the Company") is pleased to announce that it has submitted an application to drill on the Night Owl property. The exploratory plan includes 30 drill sites and 3,000 feet of drilling, to expand the areas of known uranium mineralization, that Night Owl produced from in the 1960s. Strathmore is excited to utilize new, modern geophysical techniques to get a much better understanding of the geology in the area relative to uranium deposition. The Company has been able to identify new targets with even greater potential than the original Night Owl mine site. Strathmore is convinced these new techniques, including the highly successful near-surface, airborne radiometric and magnetic surveys, coupled with a ground-gravity survey, that have provided excellent new targets will result in the company once again get the mine back into production. Completion of the surveys by MWH Geo-Surveys of Reno, Nevada, is slated for early summer. They will include the 640-acre state mineral lease the Company recently acquired in late 2022.
The lead federal and state agencies in charge of reviewing, approving, and permitting the drilling activities are the US Bureau of Land Management and the State of Wyoming's Department of Environmental Quality, Land Quality Division. The permitting process will include a review of potential cultural sites and possible impacts to wildlife and vegetation. The Company anticipates receipt in summer 2023 of a permit to explore, followed by drilling in the autumn months.
Mr. John DeJoia P.Geo. and Director, stated, "With the ability to better understand the geologic regime at Night Owl, I believe we can truly benefit from today's advanced uranium exploration techniques. When I first learned of the Night Owl property from its original owner, the exploration tools used to first locate the Night Owl property were very basic airborne scintillometers. The knowledge of the Shirley Basin geology and the nearby uranium deposits was just being learned. Strathmore has studied the geology of the area and has an advanced understanding of the deposition of the uranium at Night Owl. We have employed new geophysical methods to better identify areas for drilling and sampling. The Night Owl uranium mineralization does not fit the widespread roll-front model, that and its higher grades, make this a very intriguing and promising project."
About the Night Owl Project
The Night Owl uranium deposit was initially discovered by airborne scintillometer in the mid 1950s. The original owners received a mining allotment from the Atomic Energy Commission (now the US Dept. of Energy), and over the ensuing years they recovered several 100 tons of ore. grading 0.24% U3O8 to the receiving facility in Riverton, Wyoming. As the AEC purchase agreements decreased and uranium prices dropped, production at Night Owl eventually ceased. In the mid 1970s, Mr. John DeJoia, P.Geo., a Director of Strathmore working nearby in the Shirley Basin uranium mines, was first introduced to the Night Owl project and its intriguing near-surface, higher-grade uranium mineralization that differs greatly from the typical roll-front uranium deposits in Wyoming. The uranium is contained within a brecciated zone lying at the unconformable contact between the Mississippian Madison Formation (limestone) and the overlying Pennsylvanian-Permian Casper Formation (sandstone). The 7- to 10-foot-thick zone of breccia consists of voids filled with silicious materials containing complex uranium minerals, including uranyl phosphates.
In 2022, upon this knowledge of Night Owl, Strathmore initially staked 28 mining claims, increasing to 82 claims upon highly successful assay results and modern geophysical surveying. Having collected samples from grabbed rock to in-place outcrop near the initially mined area, ten assay results were reported by Strathmore, ranging from 0.229 to 0.384% U3O8, confirming and exceeding the historically reported mined average. Many of the claims were staked after the intriguing initial results from the near-surface, airborne radiometric and magnetic surveys, coupled with those of a ground-gravity survey. These surveys are slated for completion in early summer 2023, including at additional lands within 4 miles acquired in late 2022, a 640-acre state mineral lease with similar geologic host strata as the Night Owl mine site. Upon receipt of the exploration permit, Strathmore intends to drill and collect samples for assaying and downhole geophysical data across areas of notably higher radioactivity based on the airborne survey.
About Strathmore Plus Uranium Corp.
Strathmore has 3 uranium projects in Wyoming, including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing mine that was in production in the early 1960s. Strathmore received an exploration permit for the Beaver Rim project in October 2022 and for the Agate project in April 2023, and is now applying for both exploration and drilling permits for Night Owl.
Cautionary Statement: Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of Strathmore Plus Uranium Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Strathmore Plus Uranium Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Terrence Osier, P.Geo., Vice President, Exploration of Strathmore Plus Uranium Corp., a Qualified Person.
Strathmore Plus Uranium Corp.
Contact Information:
Investor Relations
Telephone: 1 888 882 8177
Email: info@strathmoreplus.com
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
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.
https://finance.yahoo.com/news/strathmore-submits-permit-drill-flagship-080500962.html
$SUUFF
$SUUFF over 12k just accumulated on bid by someone!
$SUUFF over 12k just accumulated on bid by someone!
Great entry here.
$SUUFF a hidden gem of the clean energy market! https://m.marketscreener.com/quote/stock/CAMECO-CORPORATION-1409364/news/Uranium-Mining-Stocks-The-Hidden-Gems-of-the-Clean-Energy-Market-RIO-BHP-CCJ-SUUFF-43785116/
$SUUFF a hidden gem of the clean energy market! https://m.marketscreener.com/quote/stock/CAMECO-CORPORATION-1409364/news/Uranium-Mining-Stocks-The-Hidden-Gems-of-the-Clean-Energy-Market-RIO-BHP-CCJ-SUUFF-43785116/
This stock is up 162.78% on its 100 dma!
$SUUFF
Took a starter here
$SUUFF
$EPAZ Develops Low-Cost Augmented Reality Glasses for On-Site Remote Assist Product; This Technology Will Also be Used for ZenaDrone 1000 Artificial Intelligence First-Person View (FPV) https://finance.yahoo.com/news/epazz-develops-low-cost-augmented-090000828.html?.tsrc=fin-srch
$EPAZ Develops Low-Cost Augmented Reality Glasses for On-Site Remote Assist Product; This Technology Will Also be Used for ZenaDrone 1000 Artificial Intelligence First-Person View (FPV) https://finance.yahoo.com/news/epazz-develops-low-cost-augmented-090000828.html?.tsrc=fin-srch
Lots of accumulation in the 005's!
$EPAZ
CapitalGainsReport: The Future of Reality: Four AR Stocks You Don't Want to Miss ($EPAZ, $NEXCF, $SNAP, $HIMX) https://www.marketscreener.com/quote/stock/EPAZZ-INC-111313555/news/CapitalGainsReport-The-Future-of-Reality-Four-AR-Stocks-You-Don-t-Want-to-Miss-EPAZ-NEXCF-SNAP-43777068/
CapitalGainsReport: The Future of Reality: Four AR Stocks You Don't Want to Miss ($EPAZ, $NEXCF, $SNAP, $HIMX) https://www.marketscreener.com/quote/stock/EPAZZ-INC-111313555/news/CapitalGainsReport-The-Future-of-Reality-Four-AR-Stocks-You-Don-t-Want-to-Miss-EPAZ-NEXCF-SNAP-43777068/
Nice buying out of the gate! I see a wave of green on the level 2!
$EPAZ
Good morning $EPAZ'ers! This is on my primary watchlist this morning!
$BLQC Announces $5 Million in Debt Cancellation, Reduces Overall Liabilities by 30%
HOUSTON, Jan. 10, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- BlockQuarry Corp. (OTC: BLQC) (“BlockQuarry” or the “Company”), a Texas-based company with commercial-stage operations in the energy and infrastructure industry focusing on cryptocurrency mine hosting and self-mining in the Southeast United States, is pleased to announce the following to its shareholders.
The Company has cancelled $5 million in debt, resulting in a 30% reduction in overall liabilities on the Company’s balance sheet. Additionally, the Company was able to extend maturity dates on its remaining notes with its largest debtholder, RB Capital Partners.
Alonzo Pierce, president and chair of BlockQuarry, stated, “I’m very excited about the substantial moves we were able to make with some of our debtholders, including our largest investor, RB Capital. These moves are a key part of our strategy to clean up our balance sheet and help maximize shareholder equity.
“Not only were we able to cancel debt but we were also able to extend the maturity date on our remaining notes with RB Capital, taking them out of default. This is important, as it will reduce the derivative liabilities that show up on our balance sheet. The Company is now in a much stronger position, and shareholder value has undoubtedly increased.”
A total of five RB Capital notes were cancelled, with a principal value totaling $4 million. All the notes cancelled were in default. The five notes had a total accrued value of nearly $410,000 in interest.
The Company also extended the maturity dates on the remaining RB Capital notes (to December 2024), reducing derivative liabilities accrued, as the notes were already in default.
The Company was also able to negotiate and cancel $525,000 in principal and accrued interest in the form of bridge loans from another debtholder.
The total value of all debt cancelled was $4,935,000 in principal and accrued interest.
Brett Rosen, managing partner of RB Capital Partners, stated, “This was a move RB Capital made to help BlockQuarry significantly reduce the debt on its balance sheet while increasing shareholder value. By cancelling millions of dollars in debt and extending the maturity date for the remaining notes, we were able to help decrease the shareholder deficit and significantly increase shareholder equity, which is a necessary requirement for a Nasdaq uplisting.
“For us, this deal was a no-brainer. We truly believe in what BlockQuarry is trying to accomplish, and we want to help in any way we can. And we look forward to more exciting developments in the months, and potentially years, to come.”
Pierce concluded, “This is a testament to our investors’ faith in our ability to execute on our vision and value proposition and the tremendous promise we see around the corner. I look forward to seeing some more significant moves from the Company in Q1 and beyond.”
All Company updates, material and nonmaterial, will only be made public via press releases, Twitter and/or via the Company’s website: www.BlockQuarry.io.
About BlockQuarry Corp.
BlockQuarry Corp. is an energy and infrastructure company focused on cryptocurrency hosting and self-mining operations, with leased properties located within the Southeast United States. BlockQuarry Corp. also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure.
https://www.otcmarkets.com/stock/BLQC/news/BlockQuarry-Announces-5-Million-in-Debt-Cancellation-Reduces-Overall-Liabilities-by-30?id=385848
$BLQC Announces $5 Million in Debt Cancellation, Reduces Overall Liabilities by 30%
HOUSTON, Jan. 10, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- BlockQuarry Corp. (OTC: BLQC) (“BlockQuarry” or the “Company”), a Texas-based company with commercial-stage operations in the energy and infrastructure industry focusing on cryptocurrency mine hosting and self-mining in the Southeast United States, is pleased to announce the following to its shareholders.
The Company has cancelled $5 million in debt, resulting in a 30% reduction in overall liabilities on the Company’s balance sheet. Additionally, the Company was able to extend maturity dates on its remaining notes with its largest debtholder, RB Capital Partners.
Alonzo Pierce, president and chair of BlockQuarry, stated, “I’m very excited about the substantial moves we were able to make with some of our debtholders, including our largest investor, RB Capital. These moves are a key part of our strategy to clean up our balance sheet and help maximize shareholder equity.
“Not only were we able to cancel debt but we were also able to extend the maturity date on our remaining notes with RB Capital, taking them out of default. This is important, as it will reduce the derivative liabilities that show up on our balance sheet. The Company is now in a much stronger position, and shareholder value has undoubtedly increased.”
A total of five RB Capital notes were cancelled, with a principal value totaling $4 million. All the notes cancelled were in default. The five notes had a total accrued value of nearly $410,000 in interest.
The Company also extended the maturity dates on the remaining RB Capital notes (to December 2024), reducing derivative liabilities accrued, as the notes were already in default.
The Company was also able to negotiate and cancel $525,000 in principal and accrued interest in the form of bridge loans from another debtholder.
The total value of all debt cancelled was $4,935,000 in principal and accrued interest.
Brett Rosen, managing partner of RB Capital Partners, stated, “This was a move RB Capital made to help BlockQuarry significantly reduce the debt on its balance sheet while increasing shareholder value. By cancelling millions of dollars in debt and extending the maturity date for the remaining notes, we were able to help decrease the shareholder deficit and significantly increase shareholder equity, which is a necessary requirement for a Nasdaq uplisting.
“For us, this deal was a no-brainer. We truly believe in what BlockQuarry is trying to accomplish, and we want to help in any way we can. And we look forward to more exciting developments in the months, and potentially years, to come.”
Pierce concluded, “This is a testament to our investors’ faith in our ability to execute on our vision and value proposition and the tremendous promise we see around the corner. I look forward to seeing some more significant moves from the Company in Q1 and beyond.”
All Company updates, material and nonmaterial, will only be made public via press releases, Twitter and/or via the Company’s website: www.BlockQuarry.io.
About BlockQuarry Corp.
BlockQuarry Corp. is an energy and infrastructure company focused on cryptocurrency hosting and self-mining operations, with leased properties located within the Southeast United States. BlockQuarry Corp. also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure.
https://www.otcmarkets.com/stock/BLQC/news/BlockQuarry-Announces-5-Million-in-Debt-Cancellation-Reduces-Overall-Liabilities-by-30?id=385848
Nice bids BCN and the ask is so thin!
$BLQC
Another loading day!
$BLQC
$BLQC tons of catalysts >>
- Acquisition of Blockchain Energy Services
- Sponsorship of Zed Run Community Races
- LOI to Merge with Minerset Holdings
- $5M in debt cancelled, resulting in a 30% reduction in overall liabilities.
$BLQC tons of catalysts >>
- Acquisition of Blockchain Energy Services
- Sponsorship of Zed Run Community Races
- LOI to Merge with Minerset Holdings
- $5M in debt cancelled, resulting in a 30% reduction in overall liabilities.
$BLQC Announces Acquisition of Blockchain Energy Services, LLC, a Subsidiary of Pantheon Resources, Inc.
HOUSTON, May 04, 2023 (GLOBE NEWSWIRE) -- via IBN -- BlockQuarry Corp. (OTC: BLQC) (“BlockQuarry” or the “Company”), a Texas-based company with commercial-stage operations in the energy and infrastructure industry, is pleased to announce its acquisition of Blockchain Energy Services, LLC, a subsidiary of Pantheon Resources, Inc.
The Company has acquired all of the issued and outstanding shares of Blockchain Energy Services, LLC (“BES”). BES is developing a data processing site in the state of Missouri, specifically designed for cryptocurrency mining and artificial intelligence (AI) clients.
Certain infrastructure is already in place, including a land lease that the Company will assume. The land lease has a five-year term expiring September 2027 and requires annual payments of $18,000 in the first year, increasing 5% per year thereafter. The Company will also take over the existing power agreement for the site that BES has previously executed. The total power capacity for the entire site is 30 megawatts (MW), with 3 megawatts (MW) already built out and ready to be energized.
The Company will issue Pantheon $600,000 worth of Series B Convertible Preferred Stock, based on the equivalent market value of the common shares issuable under the Series B Convertible Preferred Stock.
Alonzo Pierce, president and chair of BlockQuarry, stated, “I am extremely excited about this new acquisition for BlockQuarry. This allows us to expand our business operations and continue to execute on our long-term growth strategy of acquiring valuable land and power infrastructure to serve a wide range of clients. We are extremely excited and look forward to sharing some more developments on this in the coming weeks.”
In connection with this agreement, the Company entered into a strategic partnership agreement with Pantheon whereby the Company will fund and develop the infrastructure needed to make the data processing site operational, with Pantheon providing operational and engineering expertise. The partnership has an initial term of 12 months and is thereafter cancelable by either party with 90 days’ notice. The Company will pay 10% of all revenues from the mining site to Pantheon as consideration for the agreement.
Lawrence Davis, chairman of Pantheon Resources, stated, “I am confident that this partnership with BlockQuarry will lead to extraordinary achievements and set new benchmarks in the mining industry. We are immensely proud to embark on this journey with BlockQuarry, and we are eager to unlock the immense potential that lies ahead.”
Jarrod Robertson, CEO of Pantheon, followed, “By leveraging the expertise of both organizations, we are poised to deliver unprecedented value to our stakeholders and the communities we serve.
“BlockQuarry's unparalleled expertise in advanced mining techniques and technology solutions will be instrumental in shaping the future of our operations. Together, we will pioneer innovative approaches that will redefine industry standards and reshape the mining landscape.”
All Company updates, material and nonmaterial, will only be made public via press releases, Twitter and/or via the Company’s website: www.BlockQuarry.io.
About BlockQuarry Corp.
BlockQuarry Corp. (BLQC) is a trusted American energy and infrastructure partner dedicated to fostering carbon-negative industrial energy and facilitating its establishment on land. We offer sustainable, renewable and cost-effective energy solutions for businesses that have a need for high-volume power, such as data warehousing, manufacturing, artificial intelligence (AI) and cryptocurrency mining.
About Pantheon Resources Inc.
Pantheon is a leader in infrastructure with a core specialization in designing and constructing power distribution systems for high-voltage sites in addition to providing tailored solutions to meet the unique needs of their clients across a wide range of industries and applications.
As a trusted partner in the energy sector, Pantheon Resources, Inc. continues to drive innovation and excellence, ensuring the highest standards of quality and safety in all their endeavors. Pantheon’s passion for engineering excellence positions them at the forefront of the industry as they continue to contribute to a more resilient energy landscape.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or the Company’s future financial performance. In some cases, forward-looking statements may be identified by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company’s current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).
Company Contact:
info@blockquarry.io
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
https://www.otcmarkets.com/stock/BLQC/news/BlockQuarry-Announces-Acquisition-of-Blockchain-Energy-Services-LLC-a-Subsidiary-of-Pantheon-Resources-Inc?id=399294
$BLQC Announces Acquisition of Blockchain Energy Services, LLC, a Subsidiary of Pantheon Resources, Inc.
HOUSTON, May 04, 2023 (GLOBE NEWSWIRE) -- via IBN -- BlockQuarry Corp. (OTC: BLQC) (“BlockQuarry” or the “Company”), a Texas-based company with commercial-stage operations in the energy and infrastructure industry, is pleased to announce its acquisition of Blockchain Energy Services, LLC, a subsidiary of Pantheon Resources, Inc.
The Company has acquired all of the issued and outstanding shares of Blockchain Energy Services, LLC (“BES”). BES is developing a data processing site in the state of Missouri, specifically designed for cryptocurrency mining and artificial intelligence (AI) clients.
Certain infrastructure is already in place, including a land lease that the Company will assume. The land lease has a five-year term expiring September 2027 and requires annual payments of $18,000 in the first year, increasing 5% per year thereafter. The Company will also take over the existing power agreement for the site that BES has previously executed. The total power capacity for the entire site is 30 megawatts (MW), with 3 megawatts (MW) already built out and ready to be energized.
The Company will issue Pantheon $600,000 worth of Series B Convertible Preferred Stock, based on the equivalent market value of the common shares issuable under the Series B Convertible Preferred Stock.
Alonzo Pierce, president and chair of BlockQuarry, stated, “I am extremely excited about this new acquisition for BlockQuarry. This allows us to expand our business operations and continue to execute on our long-term growth strategy of acquiring valuable land and power infrastructure to serve a wide range of clients. We are extremely excited and look forward to sharing some more developments on this in the coming weeks.”
In connection with this agreement, the Company entered into a strategic partnership agreement with Pantheon whereby the Company will fund and develop the infrastructure needed to make the data processing site operational, with Pantheon providing operational and engineering expertise. The partnership has an initial term of 12 months and is thereafter cancelable by either party with 90 days’ notice. The Company will pay 10% of all revenues from the mining site to Pantheon as consideration for the agreement.
Lawrence Davis, chairman of Pantheon Resources, stated, “I am confident that this partnership with BlockQuarry will lead to extraordinary achievements and set new benchmarks in the mining industry. We are immensely proud to embark on this journey with BlockQuarry, and we are eager to unlock the immense potential that lies ahead.”
Jarrod Robertson, CEO of Pantheon, followed, “By leveraging the expertise of both organizations, we are poised to deliver unprecedented value to our stakeholders and the communities we serve.
“BlockQuarry's unparalleled expertise in advanced mining techniques and technology solutions will be instrumental in shaping the future of our operations. Together, we will pioneer innovative approaches that will redefine industry standards and reshape the mining landscape.”
All Company updates, material and nonmaterial, will only be made public via press releases, Twitter and/or via the Company’s website: www.BlockQuarry.io.
About BlockQuarry Corp.
BlockQuarry Corp. (BLQC) is a trusted American energy and infrastructure partner dedicated to fostering carbon-negative industrial energy and facilitating its establishment on land. We offer sustainable, renewable and cost-effective energy solutions for businesses that have a need for high-volume power, such as data warehousing, manufacturing, artificial intelligence (AI) and cryptocurrency mining.
About Pantheon Resources Inc.
Pantheon is a leader in infrastructure with a core specialization in designing and constructing power distribution systems for high-voltage sites in addition to providing tailored solutions to meet the unique needs of their clients across a wide range of industries and applications.
As a trusted partner in the energy sector, Pantheon Resources, Inc. continues to drive innovation and excellence, ensuring the highest standards of quality and safety in all their endeavors. Pantheon’s passion for engineering excellence positions them at the forefront of the industry as they continue to contribute to a more resilient energy landscape.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or the Company’s future financial performance. In some cases, forward-looking statements may be identified by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company’s current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).
Company Contact:
info@blockquarry.io
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
https://www.otcmarkets.com/stock/BLQC/news/BlockQuarry-Announces-Acquisition-of-Blockchain-Energy-Services-LLC-a-Subsidiary-of-Pantheon-Resources-Inc?id=399294
Yesterday's news recap! >>
BlockQuarry Announces Acquisition of Blockchain Energy Services, LLC, a Subsidiary of Pantheon Resources, Inc.
HOUSTON, May 04, 2023 (GLOBE NEWSWIRE) -- via IBN -- BlockQuarry Corp. (OTC: BLQC) (“BlockQuarry” or the “Company”), a Texas-based company with commercial-stage operations in the energy and infrastructure industry, is pleased to announce its acquisition of Blockchain Energy Services, LLC, a subsidiary of Pantheon Resources, Inc.
The Company has acquired all of the issued and outstanding shares of Blockchain Energy Services, LLC (“BES”). BES is developing a data processing site in the state of Missouri, specifically designed for cryptocurrency mining and artificial intelligence (AI) clients.
Certain infrastructure is already in place, including a land lease that the Company will assume. The land lease has a five-year term expiring September 2027 and requires annual payments of $18,000 in the first year, increasing 5% per year thereafter. The Company will also take over the existing power agreement for the site that BES has previously executed. The total power capacity for the entire site is 30 megawatts (MW), with 3 megawatts (MW) already built out and ready to be energized.
The Company will issue Pantheon $600,000 worth of Series B Convertible Preferred Stock, based on the equivalent market value of the common shares issuable under the Series B Convertible Preferred Stock.
Alonzo Pierce, president and chair of BlockQuarry, stated, “I am extremely excited about this new acquisition for BlockQuarry. This allows us to expand our business operations and continue to execute on our long-term growth strategy of acquiring valuable land and power infrastructure to serve a wide range of clients. We are extremely excited and look forward to sharing some more developments on this in the coming weeks.”
In connection with this agreement, the Company entered into a strategic partnership agreement with Pantheon whereby the Company will fund and develop the infrastructure needed to make the data processing site operational, with Pantheon providing operational and engineering expertise. The partnership has an initial term of 12 months and is thereafter cancelable by either party with 90 days’ notice. The Company will pay 10% of all revenues from the mining site to Pantheon as consideration for the agreement.
Lawrence Davis, chairman of Pantheon Resources, stated, “I am confident that this partnership with BlockQuarry will lead to extraordinary achievements and set new benchmarks in the mining industry. We are immensely proud to embark on this journey with BlockQuarry, and we are eager to unlock the immense potential that lies ahead.”
Jarrod Robertson, CEO of Pantheon, followed, “By leveraging the expertise of both organizations, we are poised to deliver unprecedented value to our stakeholders and the communities we serve.
“BlockQuarry's unparalleled expertise in advanced mining techniques and technology solutions will be instrumental in shaping the future of our operations. Together, we will pioneer innovative approaches that will redefine industry standards and reshape the mining landscape.”
All Company updates, material and nonmaterial, will only be made public via press releases, Twitter and/or via the Company’s website: www.BlockQuarry.io.
About BlockQuarry Corp.
BlockQuarry Corp. (BLQC) is a trusted American energy and infrastructure partner dedicated to fostering carbon-negative industrial energy and facilitating its establishment on land. We offer sustainable, renewable and cost-effective energy solutions for businesses that have a need for high-volume power, such as data warehousing, manufacturing, artificial intelligence (AI) and cryptocurrency mining.
About Pantheon Resources Inc.
Pantheon is a leader in infrastructure with a core specialization in designing and constructing power distribution systems for high-voltage sites in addition to providing tailored solutions to meet the unique needs of their clients across a wide range of industries and applications.
As a trusted partner in the energy sector, Pantheon Resources, Inc. continues to drive innovation and excellence, ensuring the highest standards of quality and safety in all their endeavors. Pantheon’s passion for engineering excellence positions them at the forefront of the industry as they continue to contribute to a more resilient energy landscape.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or the Company’s future financial performance. In some cases, forward-looking statements may be identified by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company’s current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).
Company Contact:
info@blockquarry.io
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
https://www.otcmarkets.com/stock/BLQC/news/BlockQuarry-Announces-Acquisition-of-Blockchain-Energy-Services-LLC-a-Subsidiary-of-Pantheon-Resources-Inc?id=399294
$BLQC
13's are being accumulated nicely!
$BLQC
5 market makers stacked on the bid in the 13's!
$BLQC
$BLQC Is Among 3 Stocks in the News to Watch Now!
$BLQC Is Among 3 Stocks in the News to Watch Now!
Super thin spread .1301 x .1379
$BLQC
Bids moving up and building!
$BLQC
$BLQC BlockQuarry Announces 2022 Annual Financial Report with a 520% YOY Increase in Revenues https://finance.yahoo.com/news/blockquarry-announces-2022-annual-financial-120000146.html