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AGGL. Looking up this morning
Oil Supply Sources To California Refineries
https://www.energy.ca.gov/data-reports/energy-almanac/californias-petroleum-market/oil-supply-sources-california-refineries
Shale Drillers Foresee ‘World of Hurt’ in Biden’s Green Economy
https://www.yahoo.com/finance/news/shale-drillers-foresee-world-hurt-163424403.html
I don't expect that here.
Regardless of what comes this story needs an ending.
PFFOF. company sponsored article published. Well done synopsis
http://epsteinresearch.com/2022/03/03/portofino-resources-greatly-increases-the-size-of-its-lithium-presence-in-argentina/
PFFOF. company sponsored article published. Well done synopsis
http://epsteinresearch.com/2022/03/03/portofino-resources-greatly-increases-the-size-of-its-lithium-presence-in-argentina/
PFFOF. company sponsored article published. Well done synopsis
http://epsteinresearch.com/2022/03/03/portofino-resources-greatly-increases-the-size-of-its-lithium-presence-in-argentina/
In some CTK on glenn1919 alert
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168210034
Nice alert. Thanks
Very nice. In for a starter
Agtech Announces the Termination of the Planned Acquisition of Noomeds LLC
8:00 am ET March 10, 2022 (Globe Newswire) Print
Agtech Global International, Inc. (Agtech) (OTC Pink: AGGL) announces that due to unexpected delays in Agtech's funding of the purchase, the final consummation of the Memorandum of Understanding between Dr. Malcolm A. Leissring and the planned acquisition of his company NooMeds, LLC. will not proceed and is hereby terminated.
As a result of this change, Dr. Leissring will not continue in the consulting role as Chief Scientific Officer and Agtech will not have any future involvement with the AD Foundation.
Agtech is publicly traded on the OTC Markets (OTC Pink: AGGL). Headquartered in Newport Beach, California, Agtech is entering the rapidly developing markets for premium CBD consumer products through its recent acquisition of Galexxy Corporation and its joint venture with City Farm Industries. Agtech's "soil-to-sale" business strategy is keenly focused on controlling the supply chain and maximizing profits.
Agtech Global International, Inc.
Ross Lyndon-James
E: ross@galexxy.com
M: (949) 456 3972
news.....
Agtech Announces the Termination of the Planned Acquisition of Noomeds LLC
8:00 am ET March 10, 2022 (Globe Newswire) Print
Agtech Global International, Inc. (Agtech) (OTC Pink: AGGL) announces that due to unexpected delays in Agtech's funding of the purchase, the final consummation of the Memorandum of Understanding between Dr. Malcolm A. Leissring and the planned acquisition of his company NooMeds, LLC. will not proceed and is hereby terminated.
As a result of this change, Dr. Leissring will not continue in the consulting role as Chief Scientific Officer and Agtech will not have any future involvement with the AD Foundation.
Agtech is publicly traded on the OTC Markets (OTC Pink: AGGL). Headquartered in Newport Beach, California, Agtech is entering the rapidly developing markets for premium CBD consumer products through its recent acquisition of Galexxy Corporation and its joint venture with City Farm Industries. Agtech's "soil-to-sale" business strategy is keenly focused on controlling the supply chain and maximizing profits.
Agtech Global International, Inc.
Ross Lyndon-James
E: ross@galexxy.com
M: (949) 456 3972
These twenty-five Biden administration policies are raising energy costs
https://americansforprosperity.org/biden-policies-raising-gas-prices/
Rig Count Overview & Summary Count
https://rigcount.bakerhughes.com/
White House Weighs Ban on Russian Oil Imports as Congress Fumes
https://finance.yahoo.com/news/white-house-considering-ban-russian-190046366.html
Here in Cal governor Newsom locked down the state and wiped out a big bunch...and people cheered it. I don't get it
This is a damn shame. Lockdown consequences
Restaurant leaders respond directly to President Joe Biden's State of the Union
https://www.yahoo.com/gma/restaurant-leaders-respond-directly-president-213500067.html
ABC News
Restaurant leaders respond directly to President Joe Biden's State of the Union
KELLY MCCARTHY
Wed, March 2, 2022, 1:35 PM
Hours after President Joe Biden's inaugural State of the Union speech Tuesday night, restaurant and bar industry leaders called on the administration for action.
Chefs, restaurant owners and leaders of the Independent Restaurant Coalition spoke to media Wednesday in tandem with a new letter signed by over 100,000 restaurant employees urging the president and Congress to add much-needed money to the bipartisan-backed Restaurant Revitalization Fund.
"I felt a little disappointed that it wasn't addressed that our need is as dire as it is. The opportunity has not been lost, but that window is closing very quickly," IRC board member, San Francisco-based chef, and co-owner of Che Fico, David Nayfeld said. "The president could have had an opportunity to recognize us in that moment, but it's not too late. He can recognize it through action. I don't care if we were in a speech, I care that the program gets refilled and that his actions speak to his values."
PHOTO: A sign hangs on the door of a restaurant indicating that the eatery will remain closed, May 28, 2021, in Denver. (David Zalubowski/AP)
PHOTO: A sign hangs on the door of a restaurant indicating that the eatery will remain closed, May 28, 2021, in Denver. (David Zalubowski/AP)
The urgency of the IRC's message comes nine days out from the March 11 expiration date for the Continuing Resolution, commonly referred to as the spending bill to add money to the RRF.
Omicron's impact on restaurant industry shows dire need for restaurant relief grants
"The state of the union is not strong when neighborhood restaurants and bars are ready to close permanently," Erika Polmar, executive director of the Independent Restaurant Coalition, said.
After nearly a year since the RRF became law, it has failed to support roughly two-thirds of eligible businesses that applied for the program, leaving out nearly 200,000 independent bars and restaurants with four out of five of those businesses in danger of closing permanently, threatening the nearly 11 million employees it supports.
IRC co-founder Tom Colicchio reiterated thanks for early support from Senate Majority Leader Chuck Schumer along with others who came together in Washington, D.C., to include $28.6 billion for the industry as part of the American Rescue Plan, but said it's not even close to enough.
PHOTO: Exterior view of Aquagrill restaurant now permanently closed due to the economic impact of the COVID-19 pandemic in New York City, March 16, 2021. (Anthony Behar/Sipa USA via AP, FILE)
PHOTO: Exterior view of Aquagrill restaurant now permanently closed due to the economic impact of the COVID-19 pandemic in New York City, March 16, 2021. (Anthony Behar/Sipa USA via AP, FILE)
"As great as that was that really only took care of about a third of the restaurant applicants -- and he knew at the time that that money wasn't enough -- he actually called it a downpayment for our industry," Colicchio, the Crafted Hospitality owner and restaurateur said. "It's almost a year later since he made that declaration and there are almost 20,000 restaurants in New York City alone that have applied for grants and still have not received a dime."
Like many, Colicchio's own restaurants in New York City have been at the epicenter of multiple COVID-19 surges that prompt tighter restrictions, closures and smaller crowds, which has directly impacted business.
"I owe at least a million dollars in back rent. So all the business coming back is not going to do that. At a certain point I'm gonna have to make a decision if I can't pay my landlord, I'll have to declare bankruptcy and close cause there's no way we can find that in the current business we have now. Eventually landlords are going to run out of patience and restaurant owners will be closing their doors in droves," he said.
Nayfeld said as the third year of the pandemic nears, it has become "impossible for most restaurants to withstand the compounding debt, rising costs, revenue-decimating local restrictions, and COVID-19 surges without dedicated help from Congress."
"Replenishing RRF is the only way independent restaurants and bars can recover from the past two years of economic trauma that we've endured and the aftershock we'll continue to experience," he said. "To take that little bit of money to reopen a business, buy back inventory, get a little momentum for six to seven weeks, then shut down again, that loss of momentum is so detrimental to the business -- Omicron was something for a lot of restaurants was the arrow through our bodies that's gonna make us limp along and die from later."
He continued: "If I could make a plea to Speaker Pelosi, my elected official, I would ask that she drive down the streets of downtown San Francisco and see the boarded up cafes, restaurants and bars that won't come back without assistance -- Even the owners of the ones that look busy, I promise you they would say that they're stressed, their bank accounts are dwindling, in debt to their eyeballs and they don't see a solution."
President Biden addressed the economy and inflation on Tuesday night, but Colicchio said while problematic for the restaurant ecosystem, it's not the primary pain point for the tens of thousands of independent owners and operators seeking relief from the last two years.
"Prices of food are going to go up -- that's why the restaurants that didn't receive grant money are at a competitive disadvantage," he said. "The roughly $40 billion we're asking for will cover the grants for all the restaurants that have applied and I don't believe that that's going to be inflationary. A lot of that money is not gonna go out and be spent, it's going to pay bills that are already there."
Inflation paired with increasing fuel prices will inevitably impact the local, independent restaurant supply chains and Colicchio said that "upscale restaurants have pricing elasticity" to stay nimble. But without support from government grants, he said, "all the small neighborhood restaurants that don't have that -- are going to get really hurt and those are the restaurants that we're really fighting for. Those mom and pops and neighborhood restaurants cant raise prices by 15%, the clientele won't absorb that. Another reason why we need to complete this funding. We're not asking for anything additional from our original position, we're just asking for government to finish their job."
At least 90,000 restaurants and bars have closed since the beginning of the pandemic, according to the IRC. The unemployment rate for leisure and hospitality is still 8.2%, about double the economy-wide rate, as restaurant and bar employment is still down 984,700 below its pre-pandemic levels.
Polmar explained, as detailed in a January IRC report, that "neighborhood restaurants and bars are deeper in debt and exhausted every possible option. Our industry is organizing for the second time in five weeks because the only hope we have is for our elected officials to hear our pleas and ensure every single restaurant and bar has the relief they need to survive the pandemic."
Restaurant leaders respond directly to President Joe Biden's State of the Union originally appeared on abcnews.go.com
This is a damn shame. Lockdown consequences
Restaurant leaders respond directly to President Joe Biden's State of the Union
https://www.yahoo.com/gma/restaurant-leaders-respond-directly-president-213500067.html
ABC News
Restaurant leaders respond directly to President Joe Biden's State of the Union
KELLY MCCARTHY
Wed, March 2, 2022, 1:35 PM
Hours after President Joe Biden's inaugural State of the Union speech Tuesday night, restaurant and bar industry leaders called on the administration for action.
Chefs, restaurant owners and leaders of the Independent Restaurant Coalition spoke to media Wednesday in tandem with a new letter signed by over 100,000 restaurant employees urging the president and Congress to add much-needed money to the bipartisan-backed Restaurant Revitalization Fund.
"I felt a little disappointed that it wasn't addressed that our need is as dire as it is. The opportunity has not been lost, but that window is closing very quickly," IRC board member, San Francisco-based chef, and co-owner of Che Fico, David Nayfeld said. "The president could have had an opportunity to recognize us in that moment, but it's not too late. He can recognize it through action. I don't care if we were in a speech, I care that the program gets refilled and that his actions speak to his values."
PHOTO: A sign hangs on the door of a restaurant indicating that the eatery will remain closed, May 28, 2021, in Denver. (David Zalubowski/AP)
PHOTO: A sign hangs on the door of a restaurant indicating that the eatery will remain closed, May 28, 2021, in Denver. (David Zalubowski/AP)
The urgency of the IRC's message comes nine days out from the March 11 expiration date for the Continuing Resolution, commonly referred to as the spending bill to add money to the RRF.
Omicron's impact on restaurant industry shows dire need for restaurant relief grants
"The state of the union is not strong when neighborhood restaurants and bars are ready to close permanently," Erika Polmar, executive director of the Independent Restaurant Coalition, said.
After nearly a year since the RRF became law, it has failed to support roughly two-thirds of eligible businesses that applied for the program, leaving out nearly 200,000 independent bars and restaurants with four out of five of those businesses in danger of closing permanently, threatening the nearly 11 million employees it supports.
IRC co-founder Tom Colicchio reiterated thanks for early support from Senate Majority Leader Chuck Schumer along with others who came together in Washington, D.C., to include $28.6 billion for the industry as part of the American Rescue Plan, but said it's not even close to enough.
PHOTO: Exterior view of Aquagrill restaurant now permanently closed due to the economic impact of the COVID-19 pandemic in New York City, March 16, 2021. (Anthony Behar/Sipa USA via AP, FILE)
PHOTO: Exterior view of Aquagrill restaurant now permanently closed due to the economic impact of the COVID-19 pandemic in New York City, March 16, 2021. (Anthony Behar/Sipa USA via AP, FILE)
"As great as that was that really only took care of about a third of the restaurant applicants -- and he knew at the time that that money wasn't enough -- he actually called it a downpayment for our industry," Colicchio, the Crafted Hospitality owner and restaurateur said. "It's almost a year later since he made that declaration and there are almost 20,000 restaurants in New York City alone that have applied for grants and still have not received a dime."
Like many, Colicchio's own restaurants in New York City have been at the epicenter of multiple COVID-19 surges that prompt tighter restrictions, closures and smaller crowds, which has directly impacted business.
"I owe at least a million dollars in back rent. So all the business coming back is not going to do that. At a certain point I'm gonna have to make a decision if I can't pay my landlord, I'll have to declare bankruptcy and close cause there's no way we can find that in the current business we have now. Eventually landlords are going to run out of patience and restaurant owners will be closing their doors in droves," he said.
Nayfeld said as the third year of the pandemic nears, it has become "impossible for most restaurants to withstand the compounding debt, rising costs, revenue-decimating local restrictions, and COVID-19 surges without dedicated help from Congress."
"Replenishing RRF is the only way independent restaurants and bars can recover from the past two years of economic trauma that we've endured and the aftershock we'll continue to experience," he said. "To take that little bit of money to reopen a business, buy back inventory, get a little momentum for six to seven weeks, then shut down again, that loss of momentum is so detrimental to the business -- Omicron was something for a lot of restaurants was the arrow through our bodies that's gonna make us limp along and die from later."
He continued: "If I could make a plea to Speaker Pelosi, my elected official, I would ask that she drive down the streets of downtown San Francisco and see the boarded up cafes, restaurants and bars that won't come back without assistance -- Even the owners of the ones that look busy, I promise you they would say that they're stressed, their bank accounts are dwindling, in debt to their eyeballs and they don't see a solution."
President Biden addressed the economy and inflation on Tuesday night, but Colicchio said while problematic for the restaurant ecosystem, it's not the primary pain point for the tens of thousands of independent owners and operators seeking relief from the last two years.
"Prices of food are going to go up -- that's why the restaurants that didn't receive grant money are at a competitive disadvantage," he said. "The roughly $40 billion we're asking for will cover the grants for all the restaurants that have applied and I don't believe that that's going to be inflationary. A lot of that money is not gonna go out and be spent, it's going to pay bills that are already there."
Inflation paired with increasing fuel prices will inevitably impact the local, independent restaurant supply chains and Colicchio said that "upscale restaurants have pricing elasticity" to stay nimble. But without support from government grants, he said, "all the small neighborhood restaurants that don't have that -- are going to get really hurt and those are the restaurants that we're really fighting for. Those mom and pops and neighborhood restaurants cant raise prices by 15%, the clientele won't absorb that. Another reason why we need to complete this funding. We're not asking for anything additional from our original position, we're just asking for government to finish their job."
At least 90,000 restaurants and bars have closed since the beginning of the pandemic, according to the IRC. The unemployment rate for leisure and hospitality is still 8.2%, about double the economy-wide rate, as restaurant and bar employment is still down 984,700 below its pre-pandemic levels.
Polmar explained, as detailed in a January IRC report, that "neighborhood restaurants and bars are deeper in debt and exhausted every possible option. Our industry is organizing for the second time in five weeks because the only hope we have is for our elected officials to hear our pleas and ensure every single restaurant and bar has the relief they need to survive the pandemic."
Restaurant leaders respond directly to President Joe Biden's State of the Union originally appeared on abcnews.go.com
Well no closing yet but no fat lady either
ABC News
Restaurant leaders respond directly to President Joe Biden's State of the Union
https://www.yahoo.com/gma/restaurant-leaders-respond-directly-president-213500067.html
ABC News
Restaurant leaders respond directly to President Joe Biden's State of the Union
KELLY MCCARTHY
Wed, March 2, 2022, 1:35 PM
Hours after President Joe Biden's inaugural State of the Union speech Tuesday night, restaurant and bar industry leaders called on the administration for action.
Chefs, restaurant owners and leaders of the Independent Restaurant Coalition spoke to media Wednesday in tandem with a new letter signed by over 100,000 restaurant employees urging the president and Congress to add much-needed money to the bipartisan-backed Restaurant Revitalization Fund.
"I felt a little disappointed that it wasn't addressed that our need is as dire as it is. The opportunity has not been lost, but that window is closing very quickly," IRC board member, San Francisco-based chef, and co-owner of Che Fico, David Nayfeld said. "The president could have had an opportunity to recognize us in that moment, but it's not too late. He can recognize it through action. I don't care if we were in a speech, I care that the program gets refilled and that his actions speak to his values."
PHOTO: A sign hangs on the door of a restaurant indicating that the eatery will remain closed, May 28, 2021, in Denver. (David Zalubowski/AP)
PHOTO: A sign hangs on the door of a restaurant indicating that the eatery will remain closed, May 28, 2021, in Denver. (David Zalubowski/AP)
The urgency of the IRC's message comes nine days out from the March 11 expiration date for the Continuing Resolution, commonly referred to as the spending bill to add money to the RRF.
Omicron's impact on restaurant industry shows dire need for restaurant relief grants
"The state of the union is not strong when neighborhood restaurants and bars are ready to close permanently," Erika Polmar, executive director of the Independent Restaurant Coalition, said.
After nearly a year since the RRF became law, it has failed to support roughly two-thirds of eligible businesses that applied for the program, leaving out nearly 200,000 independent bars and restaurants with four out of five of those businesses in danger of closing permanently, threatening the nearly 11 million employees it supports.
IRC co-founder Tom Colicchio reiterated thanks for early support from Senate Majority Leader Chuck Schumer along with others who came together in Washington, D.C., to include $28.6 billion for the industry as part of the American Rescue Plan, but said it's not even close to enough.
PHOTO: Exterior view of Aquagrill restaurant now permanently closed due to the economic impact of the COVID-19 pandemic in New York City, March 16, 2021. (Anthony Behar/Sipa USA via AP, FILE)
PHOTO: Exterior view of Aquagrill restaurant now permanently closed due to the economic impact of the COVID-19 pandemic in New York City, March 16, 2021. (Anthony Behar/Sipa USA via AP, FILE)
"As great as that was that really only took care of about a third of the restaurant applicants -- and he knew at the time that that money wasn't enough -- he actually called it a downpayment for our industry," Colicchio, the Crafted Hospitality owner and restaurateur said. "It's almost a year later since he made that declaration and there are almost 20,000 restaurants in New York City alone that have applied for grants and still have not received a dime."
Like many, Colicchio's own restaurants in New York City have been at the epicenter of multiple COVID-19 surges that prompt tighter restrictions, closures and smaller crowds, which has directly impacted business.
"I owe at least a million dollars in back rent. So all the business coming back is not going to do that. At a certain point I'm gonna have to make a decision if I can't pay my landlord, I'll have to declare bankruptcy and close cause there's no way we can find that in the current business we have now. Eventually landlords are going to run out of patience and restaurant owners will be closing their doors in droves," he said.
Nayfeld said as the third year of the pandemic nears, it has become "impossible for most restaurants to withstand the compounding debt, rising costs, revenue-decimating local restrictions, and COVID-19 surges without dedicated help from Congress."
"Replenishing RRF is the only way independent restaurants and bars can recover from the past two years of economic trauma that we've endured and the aftershock we'll continue to experience," he said. "To take that little bit of money to reopen a business, buy back inventory, get a little momentum for six to seven weeks, then shut down again, that loss of momentum is so detrimental to the business -- Omicron was something for a lot of restaurants was the arrow through our bodies that's gonna make us limp along and die from later."
He continued: "If I could make a plea to Speaker Pelosi, my elected official, I would ask that she drive down the streets of downtown San Francisco and see the boarded up cafes, restaurants and bars that won't come back without assistance -- Even the owners of the ones that look busy, I promise you they would say that they're stressed, their bank accounts are dwindling, in debt to their eyeballs and they don't see a solution."
President Biden addressed the economy and inflation on Tuesday night, but Colicchio said while problematic for the restaurant ecosystem, it's not the primary pain point for the tens of thousands of independent owners and operators seeking relief from the last two years.
"Prices of food are going to go up -- that's why the restaurants that didn't receive grant money are at a competitive disadvantage," he said. "The roughly $40 billion we're asking for will cover the grants for all the restaurants that have applied and I don't believe that that's going to be inflationary. A lot of that money is not gonna go out and be spent, it's going to pay bills that are already there."
Inflation paired with increasing fuel prices will inevitably impact the local, independent restaurant supply chains and Colicchio said that "upscale restaurants have pricing elasticity" to stay nimble. But without support from government grants, he said, "all the small neighborhood restaurants that don't have that -- are going to get really hurt and those are the restaurants that we're really fighting for. Those mom and pops and neighborhood restaurants cant raise prices by 15%, the clientele won't absorb that. Another reason why we need to complete this funding. We're not asking for anything additional from our original position, we're just asking for government to finish their job."
At least 90,000 restaurants and bars have closed since the beginning of the pandemic, according to the IRC. The unemployment rate for leisure and hospitality is still 8.2%, about double the economy-wide rate, as restaurant and bar employment is still down 984,700 below its pre-pandemic levels.
Polmar explained, as detailed in a January IRC report, that "neighborhood restaurants and bars are deeper in debt and exhausted every possible option. Our industry is organizing for the second time in five weeks because the only hope we have is for our elected officials to hear our pleas and ensure every single restaurant and bar has the relief they need to survive the pandemic."
Restaurant leaders respond directly to President Joe Biden's State of the Union originally appeared on abcnews.go.com
This stock should be on radar IMHO
News from 3/2
Portofino Executes Agreement Regarding Multiple Lithium Projects, Covering More than 27,000ha in Salta, Argentina
1:37 pm ET March 2, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce the execution of a Memorandum of Understanding ("MOU") with Recursos Energeticos Y Mineros De Salta S.A. ("REMSA"), the state-owned mining company of the Province of Salta, Argentina.
The MOU provides Portofino with an option to earn a majority interest in multiple mining concessions that REMSA maintains. The initial mining properties with geological potential have been identified by Portofino and REMSA and are focused on lithium brine targets and total more than 27,000 hectares ("ha"). The property concessions are located in the heart of the world-renown Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects. The concession size and locations are indicated below and in Figure 1:
Hombre Muerto Norte (3,028ha)
- Concessions are located in close proximity to Galaxy/Posco (Sal de Vida) project which is at Feasibility study stage. The Hombre Muerto salar also hosts multiple developing lithium projects and includes Livent Corp's producing Fenix project.
Pastos Grandes (3,489ha)
- Concessions are located in close proximity to the Millennial Lithium project which was recently sold to Lithium Americas for $400 million.
Arizaro (19,111ha)
- Concessions located south of the advanced Rincon project which was recently sold to Rio Tinto for $825 million.
Incahuasi (722ha)
- Concessions located on the Chile border and just west of the Rio Tinto Rincon project.
Rio Grande and Salinas Grandes (1060ha).
- Concessions located east of Orocobre's producing Olaroz project.
Subject to results of initial surface exploration activities on each project, Portofino may exercise its "Option" to form a joint venture company ("JV") to advance to the next stages of exploration and development. The Option shall remain in effect for up to two years from initial (non-invasive) exploration work in each mining concession.
Notwithstanding this initial list, Portofino will have a preferential right to option (under the same terms) any new areas obtained by REMSA. The prospection and initial exploration campaigns will be financed by Portofino.
Portofino has executed a separate agreement with Ronialem S.R.L. ("Ronialem") pursuant to the introduction to REMSA. In addition, Ronialem has provided local advice in structuring the REMSA agreement and will support ongoing efforts in Salta. In exchange, Ronialem would hold a 15% interest in any JV formed with REMSA.
Upon giving notice of intent to exercise its Option, certain of the projects may be subject to public tender. The Option, however, provides Portofino with a right of first refusal to match any competing offer. Portofino and Ronialem ("the Partners") have agreed to reserve up to 15% of the JV for REMSA in any successful bid. Portofino would thus hold a minimum 70% interest in any resulting JV.
If the Partners are unsuccessful in a public tender process, the MOU includes a provision whereby the Partners are entitled to receive payment of the greater of 4 times exploration and evaluation expenditures on the concessions or 50% of gross proceeds from the winning bidder.
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3751/115408_fd5424df44eab8dd_002.jpg
Figure 1. Portofino-REMSA Concessions
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3751/115408_fd5424df44eab8dd_002full.jpg
Mr. Alberto Castillo, CEO of REMSA commented, "We deeply appreciate the confidence that Portofino has shown in REMSA, and the government of the Province of Salta. This is another example of the positive investment conditions created through the leadership of Governor Gustavo Saenz and implemented in Salta in recent years. Salta has established consistent and transparent policies toward responsible mineral exploration and development, while offering clear protection for the environment and our people."
David Tafel, CEO of Portofino, additionally commented, "This unique agreement provides Portofino with multi-lithium project diversification and exposure to world class lithium brine salars within the Province of Salta. We are very pleased and honoured that REMSA has shown such confidence in working together with our Argentine geological team in advancing these projects and look forward to the immediate commencement of exploration activities in Salta."
About REMSA
REMSA is a corporation formed in 1985, that oversees the administration of the energy and mineral resources of the Province of Salta. It contributes to the productive and social development of the province by managing and promoting the exploration and development of projects within the mining and energy sectors.
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3751/115408_fd5424df44eab8dd_003.jpg
Portofino, Ronialem and REMSA executing Mineral Concession Option Agreement
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3751/115408_fd5424df44eab8dd_003full.jpg
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP has not completed sufficient work to verify the historic information on the properties in the province of Salta, Argentina, particularly regarding historical exploration, neighbouring companies, and government geological work.
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. It's battery minerals projects include the (drill-ready) Yergo Lithium property which encompasses the entire Aparejos Salar, located within the world-renowned "Lithium Triangle" in Argentina, as well as three Ontario, Canada lithium projects- Allison Lake North (Red Lake), Greenheart Lake and McNamara Lake (Ignace).
Portofino's South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the high-grade Dixie gold project owned by Great Bear Resources Ltd. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan Nickel-Copper mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
ON BEHALF OF THE BOARD
"David G. Tafel"
Chief Executive Officer
For Further Information Contact:
David Tafel CEO, Director 604-683-1991
News from 2/28
Portofino Updates Status of Yergo, Catamarca Drilling Permit
10:36 am ET February 28, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") announces that pursuant to meetings held in Argentina between the Company's senior management, the National Mining Secretary and the Minister of Water, Energy and Environment for the Province of Catamarca during the week of February 21st, 2022, the Company has gained significant clarity regarding the Yergo project drill permit. The permit has been pending for an extended period, and the Company has received assurances of timing related to its issuance.
The provincial Minister communicated to Portofino that the appointed council responsible for reviewing certain southern areas of Catamarca, which includes the Yergo claims as well as multiple additional mining concessions, is due to present its final report to the government by Friday March 11, 2022. This report is to provide the Minister as well as mining and exploration companies, with a transparent framework for industrial activity within the region. Upon receipt of this report, the Ministry of Mines for Catamarca will be in a position to issue outstanding exploration and development permits.
Portofino looks forward to receipt of its long-anticipated drilling permit which will allow the implementation of an inaugural 4-hole drill program within the 100% controlled Yergo Lithium Project in Catamarca, Argentina. A drilling contractor has been engaged and is prepared to mobilize in short order upon receipt of the permit.
The 2,932 hectares, Yergo Project encompasses the entire Aparejos Salar, and is located in the southern part of Argentina's world-renowned "Lithium Triangle". Yergo is situated 15 kilometers ("km") southeast of Neo Lithium Corp's 3Q Project. (In October 2021, Neo Lithium Corp. announced it had received a takeover offer for $960 million which has subsequently been completed.)
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. It's battery minerals projects include the (drill-ready) Yergo Lithium property which encompasses the entire Aparejos Salar, located within the world-renowned "Lithium Triangle" in Argentina, as well as three Ontario, Canada lithium projects- Allison Lake North (Red Lake), Greenheart Lake and McNamara Lake (Ignace).
Portofino's South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the high-grade Dixie gold project owned by Great Bear Resources Ltd. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan Nickel-Copper mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
ON BEHALF OF THE BOARD
"David G. Tafel"
Chief Executive Officer
For Further Information Contact:
David Tafel CEO, Director
604-683-1991
Again. Radar this.....PFFOF news....
https://www.otcmarkets.com/stock/PFFOF/news/story?e&id=2145940
Portofino Executes Agreement Regarding Multiple Lithium Projects, Covering More than 27,000ha in Salta, Argentina
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce the execution of a Memorandum of Understanding ("MOU") with Recursos Energeticos Y Mineros De Salta S.A. ("REMSA"), the state-owned mining company of the Province of Salta, Argentina.
The MOU provides Portofino with an option to earn a majority interest in multiple mining concessions that REMSA maintains. The initial mining properties with geological potential have been identified by Portofino and REMSA and are focused on lithium brine targets and total more than 27,000 hectares ("ha"). The property concessions are located in the heart of the world-renown Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects. The concession size and locations are indicated below and in Figure 1:
Hombre Muerto Norte (3,028ha)- Concessions are located in close proximity to Galaxy/Posco (Sal de Vida) project which is at Feasibility study stage. The Hombre Muerto salar also hosts multiple developing lithium projects and includes Livent Corp's producing Fenix project.
Pastos Grandes (3,489ha)- Concessions are located in close proximity to the Millennial Lithium project which was recently sold to Lithium Americas for $400 million.
Arizaro (19,111ha)- Concessions located south of the advanced Rincon project which was recently sold to Rio Tinto for $825 million.
Incahuasi (722ha)- Concessions located on the Chile border and just west of the Rio Tinto Rincon project.
Rio Grande and Salinas Grandes (1060ha). - Concessions located east of Orocobre's producing Olaroz project.
Subject to results of initial surface exploration activities on each project, Portofino may exercise its "Option" to form a joint venture company ("JV") to advance to the next stages of exploration and development. The Option shall remain in effect for up to two years from initial (non-invasive) exploration work in each mining concession.
Notwithstanding this initial list, Portofino will have a preferential right to option (under the same terms) any new areas obtained by REMSA. The prospection and initial exploration campaigns will be financed by Portofino.
Portofino has executed a separate agreement with Ronialem S.R.L. ("Ronialem") pursuant to the introduction to REMSA. In addition, Ronialem has provided local advice in structuring the REMSA agreement and will support ongoing efforts in Salta. In exchange, Ronialem would hold a 15% interest in any JV formed with REMSA.
Upon giving notice of intent to exercise its Option, certain of the projects may be subject to public tender. The Option, however, provides Portofino with a right of first refusal to match any competing offer. Portofino and Ronialem ("the Partners") have agreed to reserve up to 15% of the JV for REMSA in any successful bid. Portofino would thus hold a minimum 70% interest in any resulting JV.
If the Partners are unsuccessful in a public tender process, the MOU includes a provision whereby the Partners are entitled to receive payment of the greater of 4 times exploration and evaluation expenditures on the concessions or 50% of gross proceeds from the winning bidder.
Figure 1. Portofino-REMSA Concessions
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3751/115408_fd5424df44eab8dd_002full.jpg
Mr. Alberto Castillo, CEO of REMSA commented, "We deeply appreciate the confidence that Portofino has shown in REMSA, and the government of the Province of Salta. This is another example of the positive investment conditions created through the leadership of Governor Gustavo Saenz and implemented in Salta in recent years. Salta has established consistent and transparent policies toward responsible mineral exploration and development, while offering clear protection for the environment and our people."
David Tafel, CEO of Portofino, additionally commented, "This unique agreement provides Portofino with multi-lithium project diversification and exposure to world class lithium brine salars within the Province of Salta. We are very pleased and honoured that REMSA has shown such confidence in working together with our Argentine geological team in advancing these projects and look forward to the immediate commencement of exploration activities in Salta."
About REMSA
REMSA is a corporation formed in 1985, that oversees the administration of the energy and mineral resources of the Province of Salta. It contributes to the productive and social development of the province by managing and promoting the exploration and development of projects within the mining and energy sectors.
Portofino, Ronialem and REMSA executing Mineral Concession Option Agreement
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3751/115408_fd5424df44eab8dd_003full.jpg
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP has not completed sufficient work to verify the historic information on the properties in the province of Salta, Argentina, particularly regarding historical exploration, neighbouring companies, and government geological work.
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. It's battery minerals projects include the (drill-ready) Yergo Lithium property which encompasses the entire Aparejos Salar, located within the world-renowned "Lithium Triangle" in Argentina, as well as three Ontario, Canada lithium projects- Allison Lake North (Red Lake), Greenheart Lake and McNamara Lake (Ignace).
Portofino's South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the high-grade Dixie gold project owned by Great Bear Resources Ltd. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan Nickel-Copper mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
ON BEHALF OF THE BOARD
"David G. Tafel"
Chief Executive Officer
For Further Information Contact:
David Tafel CEO, Director 604-683-1991
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.
This news release may contain forward-looking statements concerning future operations of Portofino Resources Inc. (the "Company"). All forward-looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
https://orders.newsfilecorp.com/files/3751/115408_fd5424df44eab8dd_logo.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115408
SOURCE Portofino Resources Inc.
https://www.newsfilecorp.com/newsinfo/115408/130
Very nice....and telling.
Actually I'm showing the wife whose boss.........
I'm taking her out for lunch
Ya mean I gotta work?
I will be surprised if the market doesn't close red. Too much uncertainty
Well this isn't good but.....I haven't heard a fat lady yet. We shall see what tomorrow brings
Radar this....PFFOF news.......
Portofino Updates Status of Yergo, Catamarca Drilling Permit
10:36 am ET February 28, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") announces that pursuant to meetings held in Argentina between the Company's senior management, the National Mining Secretary and the Minister of Water, Energy and Environment for the Province of Catamarca during the week of February 21st, 2022, the Company has gained significant clarity regarding the Yergo project drill permit. The permit has been pending for an extended period, and the Company has received assurances of timing related to its issuance.
The provincial Minister communicated to Portofino that the appointed council responsible for reviewing certain southern areas of Catamarca, which includes the Yergo claims as well as multiple additional mining concessions, is due to present its final report to the government by Friday March 11, 2022. This report is to provide the Minister as well as mining and exploration companies, with a transparent framework for industrial activity within the region. Upon receipt of this report, the Ministry of Mines for Catamarca will be in a position to issue outstanding exploration and development permits.
Portofino looks forward to receipt of its long-anticipated drilling permit which will allow the implementation of an inaugural 4-hole drill program within the 100% controlled Yergo Lithium Project in Catamarca, Argentina. A drilling contractor has been engaged and is prepared to mobilize in short order upon receipt of the permit.
The 2,932 hectares, Yergo Project encompasses the entire Aparejos Salar, and is located in the southern part of Argentina's world-renowned "Lithium Triangle". Yergo is situated 15 kilometers ("km") southeast of Neo Lithium Corp's 3Q Project. (In October 2021, Neo Lithium Corp. announced it had received a takeover offer for $960 million which has subsequently been completed.)
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. It's battery minerals projects include the (drill-ready) Yergo Lithium property which encompasses the entire Aparejos Salar, located within the world-renowned "Lithium Triangle" in Argentina, as well as three Ontario, Canada lithium projects- Allison Lake North (Red Lake), Greenheart Lake and McNamara Lake (Ignace).
Portofino's South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the high-grade Dixie gold project owned by Great Bear Resources Ltd. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan Nickel-Copper mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
ON BEHALF OF THE BOARD
"David G. Tafel"
Chief Executive Officer
For Further Information Contact:
David Tafel CEO, Director
604-683-1991
PFFOF news.......
Portofino Updates Status of Yergo, Catamarca Drilling Permit
10:36 am ET February 28, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") announces that pursuant to meetings held in Argentina between the Company's senior management, the National Mining Secretary and the Minister of Water, Energy and Environment for the Province of Catamarca during the week of February 21st, 2022, the Company has gained significant clarity regarding the Yergo project drill permit. The permit has been pending for an extended period, and the Company has received assurances of timing related to its issuance.
The provincial Minister communicated to Portofino that the appointed council responsible for reviewing certain southern areas of Catamarca, which includes the Yergo claims as well as multiple additional mining concessions, is due to present its final report to the government by Friday March 11, 2022. This report is to provide the Minister as well as mining and exploration companies, with a transparent framework for industrial activity within the region. Upon receipt of this report, the Ministry of Mines for Catamarca will be in a position to issue outstanding exploration and development permits.
Portofino looks forward to receipt of its long-anticipated drilling permit which will allow the implementation of an inaugural 4-hole drill program within the 100% controlled Yergo Lithium Project in Catamarca, Argentina. A drilling contractor has been engaged and is prepared to mobilize in short order upon receipt of the permit.
The 2,932 hectares, Yergo Project encompasses the entire Aparejos Salar, and is located in the southern part of Argentina's world-renowned "Lithium Triangle". Yergo is situated 15 kilometers ("km") southeast of Neo Lithium Corp's 3Q Project. (In October 2021, Neo Lithium Corp. announced it had received a takeover offer for $960 million which has subsequently been completed.)
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. It's battery minerals projects include the (drill-ready) Yergo Lithium property which encompasses the entire Aparejos Salar, located within the world-renowned "Lithium Triangle" in Argentina, as well as three Ontario, Canada lithium projects- Allison Lake North (Red Lake), Greenheart Lake and McNamara Lake (Ignace).
Portofino's South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the high-grade Dixie gold project owned by Great Bear Resources Ltd. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan Nickel-Copper mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
ON BEHALF OF THE BOARD
"David G. Tafel"
Chief Executive Officer
For Further Information Contact:
David Tafel CEO, Director
604-683-1991
Food is not off topic on this board in case you didn't know
snagged a couple
yea......me. LOL. but it wasn't me
Picasso made me look
Nice fish DT