Rover Appoints Gunnar Pedersen as Director

Vancouver, BC, Mar 11, 2024 – (ACN Newswire) – Rover Critical Minerals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) (“ Rover ” or the “ Company “) is pleased to announce the appointment of Gunnar Pedersen to the Company’s Board of Directors. Salim Tharani has tendered his resignation as Director to accommodate the appointment of Mr. Pedersen. The Board of Directors of the Company wish to thank Mr. Tharani for his services. Mr. Tharani will be retained as a consultant to the Company on an as-needed basis.

Gunnar Pedersen, Director

Mr. Pedersen holds a Graduate degree in Financial Economics from the Norwegian School of Economics and is a CFA charter holder. He has absolute return investing and portfolio management experience since 1996, specializing in thematic global macro investing, fixed income and FX. His more recent research interests include socially responsible investments, the battery materials value chain, and renewable / traditional energy. During his career, Mr. Pedersen has co-founded and founded two absolute return focused investment funds. Currently he is self employed at his firm Asymmetric Asset Management, where he focuses on portfolio management and thematic investing, consultancy engagements and directorships. Pursuant to Mr. Pedersen’s appointment as Director, he has been granted 500,000 incentive stock options from Rover’s rolling 10% stock option plan. The stock options have an exercise price of $0.05 and a useful life of four years.

Judson Culter, CEO at Rover, states “Appointing Gunnar to our Board of Directors is part of our one-two punch strategy of bolstering our ranks. Gunnar joins Paddy Moylan as a new incoming Director. Both Gunnar and Paddy manage family offices that are focussed on critical minerals resource investing.”

Paddy Moylan, Rover’s President comments “Gunnar’s appointment continues our laser like focus on critical minerals. The team are working really hard. I look forward to positive news flow hitting the market. Gunnar will be a great help with his fund involvement and connections. Stay tuned!”

About Rover Critical Minerals

Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver. The Company is exclusive to the mining jurisdictions of the U.S. and Canada.

You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-critical-minerals/mycompany/?viewAsMember=true
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovercriticalminerals.com/

ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617

Statement Regarding Forward-Looking Information

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Rover’s actual results, performance, achievements, or developments in the industry to differ materially from the anticipated results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors, should change.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

SOURCE: Rover Critical Minerals Corp.



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

China Hongqiao (01378.HK) boosts cash flow, market awaits new offshore bond issue

HONG KONG, Mar 1, 2024 – (ACN Newswire) – In 2023, China’s aluminum industry experienced vigorous growth, with data from the National Bureau of Statistics showing that aluminum production reached 63.034 million tons, marking a 5.7% year-on-year increase; electrolytic aluminum production reached 41.594 million tons, reflecting a year-on-year increase of 3.7%. This growth momentum was attributed to the gradual recovery of the real estate sector and the rapid expansion of the renewable energy industry.

The widening gap between supply and demand for electrolytic aluminum drove aluminum prices upward, leading to continuous improvement in profit and profitability for China Hongqiao Group Limited(referred to as “China Hongqiao”). As of the first nine months of 2023, its core operating entity, Shandong Hongqiao, achieved a cumulative revenue of RMB 97.866 billion and a net profit of RMB 6.525 billion. Notably, Shandong Hongqiao’s net profit surged by 226.2% year-on-year in the third quarter, with a remarkable quarterly increase of 167.9%, indicating sustained robust growth for China Hongqiao. Analysts hereby summarize the previous offshore bond , and focus to discuss the HONGQI 6.25 06/08/24.

The price of China Hongqiao’s USD bonds has remained stable. Analysts attribute this stability to the company’s solid fundamentals, longstanding active performance in offshore capital markets and the close ties with investment institutions.

The following part has compiled China Hongqiao’s offshore market track record. The company issued its first convertible offshore bond in 2012 and has since issued a total of 9 offshore bonds (6 senior bonds and 3 convertible bonds), amounting to a total issuance scale of USD 2.92 billion.  Well-known asset management companies such as UBS, E Fund and Schroders all have long-term investments in China Hongqiao.

As shown in the chart below, despite the market volatility caused by the Fed’s interest rate hikes, China Hongqiao’s offshore bond pricing has remained stable overall, ranging between 5% and 7.7%. The company’s most recent issue, HONGQI 6.25 06/08/24, priced in June 2021 at USD 500 million  with a coupon rate of 6.25%, was widely recognized among investors, with its order book reached up to seven times its issue size.

China Hongqiao’s investors have been growing continuously due to three main reasons:

Firstly, the company’s fundamentals are promising. As the world’s second-largest primary aluminum producer, it has substantial production capacities in bauxite, alumina, electrolytic aluminum, and fabricated aluminum processing.

Secondly, it is highly competitive within the industry. The company has been rated “BB” by the major credit rating agencies. Although the rating is slightly lower than Alcoa Corporation, China Hongqiao benefits from the scale and efficiency of its core business, achieving a higher EBITDA margin than Alcoa Corporation.

Thirdly, similar high-yield dollar bond investments are relatively scarce. The downturn in the domestic real estate industry has resulted in difficulties for developers in the issuance markets, limiting options for high-quality, high-yield dollar bond investments. Since 2023, the only high-yield bond in the industrial sector was issued by Wynn Resorts.

Moreover, many foreign institutional investors have become more prudent in investment after experiencing the real estate down cycle. They tend to favor issuers with a solid record of bond issuance, higher ratings, and stable cash flows. Therefore, to meet investors’ demand for high-quality Chinese offshore assets, investment institutions seek continued issuance of offshore debt by China Hongqiao.

Currently, China Hongqiao has only two outstanding USD bonds: HONGQI 6.25 06/08/24 (senior bond) and HONGQI 5.25 01/25/26 (convertible bond). With the maturity of HONGQI 6.25 06/08/24, market uncertainties arise regarding whether China Hongqiao will issue offshore bonds again. If the company chooses repayment over new issuance, it will be a significant loss for the investors.

With China Hongqiao’s strong liquidity on its balance sheet, its subsidiary Shandong Hongqiao has successfully issued short-term note and medium-term note of 1 billion respectively in January. However, because of the high exchange rate between RMB and USD, the trend of the offshore bond issuance is tightening. Therefore, if the company chooses to repay HONGQI 6.25 06/08/24, it may face new challenges in the future. New burdens could result from the high exchange rate, tightening trend in offshore bond issuance and potential reversal in the inverted yield curve.

There are many experienced offshore bond issuers in the market who maintain a stable issuance frequency throughout the year. This regular issuance not only helps uphold the issuer’s market position and reputation but also helps improve the yield curve and facilitates ongoing communication with institutions. Taking Shandong Commercial Group Co. Ltd. as an example, it has issued at least one offshore bond annually since 2020, showcasing a consistent financing strategy.

In conclusion, benefiting from the surge in demand for electrolytic aluminum and its strong fundamentals, China Hongqiao’s position in the offshore capital market is becoming increasingly solid. However, given the current market environment and policy changes, the market is concerned about whether it will issue offshore bonds again. Investors are recommended to keep track of the company’s news as well as the market trend , so as to seize  the potential investment opportunities.



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Q2 Metals to Acquire 100% of the Large-Scale Cisco Lithium Property Located in James Bay, Quebec with Historical Assays Including 115.4 Metres at 1.21% Li2O

Highlights:

  • Q2 Metals to acquire 100% interest in the Cisco Lithium Property, consisting of 222 claims totaling 11,374-ha.

  • Highly prospective with the potential for multiple large-scale lithium discoveries.

  • Limited historical exploration with only six drill holes completed, the majority of which undercut mineralization.

  • Two historical drill holes returned:

    • 115.4 m at 1.21% Li2O cumulative width of five separate pegmatite intervals in hole CS-23-05.

    • 57.8 m at 1.27% Li2O cumulative width of three separate pegmatite intervals in hole CS-23-06.

  • District-scale potential along three separate trends totaling approximately 37.5km in strike length.

  • Close to regional infrastructure with the Billy Diamond Highway less than 10km away and approximately 150km north of Matagami, Quebec.

  • Q2 remains well funded to undertake a high-impact drill program at the Cisco Lithium Property in the coming months.

Vancouver, British Columbia–(ACN Newswire – February 29, 2024) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to announce that it has entered into three individual option agreements which gives the Company the exclusive right and option (the “Option”) for the acquisition of a 100% interest in three groups of minerals claims, collectively known as the Cisco Property (the “Property” or the “Cisco Property“), subject to the retention by certain vendors of a gross metals return royalty, as further detailed below. The Cisco Property is located in the southern portion of Eeyou Istchee James Bay, Quebec, Canada.

“Adding the Cisco Property with a new discovery and district-scale exploration potential to our current portfolio is a game-changer for Q2 Metals and all of our stakeholders,” said Alicia Milne, President & CEO of the Company. “With the notable spodumene intercepts from the work done to date, we believe the Property has considerable potential. We have worked with the Property vendors in the past and look forward to continuing our relationship with them.”

Neil McCallum, Q2 Metals Vice President Exploration, commented, “The Cisco Property potentially holds tremendous value for Q2 to unlock. The exploration work done by the Property vendors uncovered exceptional results in a short amount of time. Combined with the considerable property-wide exploration along an untested cumulative 37.5 kilometres along three separate trends, we’re looking forward to a busy year ahead with work at both Mia and Cisco.”

About the Cisco Project

The Cisco Property is comprised of 222 mineral claims and is 11,374 hectares (“ha”) in size. It is located less than 10 kilometres (“km”) east of the Billy Diamond Highway, and is approximately 150km north of Matagami, a small town that contains the closest rail link to much of James Bay (Figure 1). The Property lies within the greater Nemaska Community lands of the Eeyou Itschee Territory, James Bay, Quebec.

The Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130km and 180km away, respectively.

During 2023 and 2024 the Property vendors discovered the lithium zone by collecting 28 rock samples, 21 of which returned over 1.0% Li2O (Figure 2). The results are within a 1.2km by 1.5km area, clustered into six separate mineralized zones.

In the fall of 2023, the Property vendors drilled six drill holes, totaling 1,287 metres (“m”), at one of the six mineralized zones. The drilling confirmed a strike length of approximately 220m and open along strike in both directions and down-dip. The first three drill holes were drilled towards the south and are interpreted to have undercut the mineralized pegmatite that is also dipping to the south, thus did not intersect the large outcrops that were observed from surface.

Limited follow up drilling successfully intersected multiple, wide spodumene-bearing pegmatites from surface (mapped in Figure 2, with complete results in Table 2). Including:

  • CS-23-05 consisting of 5 separate pegmatite intervals with a cumulative 115.4m at 1.21% Li2O.

  • CS-23-06 consisting of 3 separate pegmatite intervals with a cumulative 57.8m at 1.27% Li2O.

  • CS-24-04 consisting of a continuous interval of 31.5m at 1.30% Li2O.

Due to drill rig issues, drill hole CS-23-05 ended in mineralized pegmatite and was followed up with hole CS-23-06 at a shallower dip (Figure 4). The result of the two holes from the same drill pad infers that the pegmatite is dipping to the south, and the intervals intersected are possibly the near true thickness of the mineralized pegmatite. Additional drilling will need to be conducted to confirm this theory.

The remainder of the Property is largely unexplored for its lithium potential and there may be more than one prospective greenstone belt on the Property (Figure 3). The Northern, Central and Southern lithium trends are each approximately 21, 13 and 3.5km long, respectively.

The Company is well funded and immediate plans are to conduct property-wide sampling/mapping, airborne magnetic surveying and LiDAR surveying on the Property. Follow-up drilling at the previously sampled area will also be a high priority focus of work.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_004.jpg

Figure 1. Cisco Property – Regional Location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_004full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_005.jpg

Figure 2. Cisco Property – Exploration Summary

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_006.jpg

Figure 3. Cisco Property Claim Block Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_006full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_007.jpg

Figure 4. Cross section of drill holes CS-23-05 and 06

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_007full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_008.jpg

Table 1. Summary of 2023 Drilling

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_008full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_009full.jpg

Table 2. Mineralized intercept summary for 2023 drill holes

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199835_f59dd53e643d2a1c_009full.jpg

Option Terms:

Subject to TSX Venture Exchange (the “TSXV“) acceptance, the Company will acquire an Option to acquire the Cisco Project for total consideration of an aggregate of 60,000,000 common shares of the Company (the “Consideration Shares“), $2,400,000 (the “Cash Consideration“) and $12,000,000 in exploration expenditures. The following are the terms for each of the three mineral claim groups being acquired:

Cisco Claim Group

Pursuant to the terms of an option agreement between the Company and 9490-1626 Quebec Inc. (the “Cisco Vendor“) dated February 28, 2024 (the “Cisco Agreement“), in order for the Company to exercise the option to acquire a 100% interest in 121 mineral claims (the “Cisco Claims“) from the Cisco Vendor, the Company must pay to the Cisco Vendor total consideration of an aggregate of 40,000,000 Common Shares, $2,000,000 and $12,000,000 in exploration expenditures as follows:

  Cash Consideration Share Consideration Exploration Expenditures
Closing date of the Cisco Agreement $1,100,000 10,000,000  
Year 1 $500,000 10,000,000 $1,000,000
Year 2 $400,000 10,000,000 $2,500,000
Year 3 10,000,000 $3,500,000
Year 4 $5,000,000
Total $2,000,000 40,000,000 $12,000,000

 

Upon satisfaction of the above payments and expenditures, the Company will earn a 100% interest in the Cisco Claims.

The Cisco Vendor will retain a 4% gross metals returns royalty (“GMR”) on the Cisco Claims (the “Cisco GMR“), of which up to 3% of the Cisco GMR can be purchased by the Company at any time prior to commercial production for $1,500,000 on the first 1%, $3,000,000 on the next 1% and a right of first offer on the next 1% at a price to be determined based on fair market value of the Cisco GMR at the time of such purchase. The foregoing Cisco GMR purchase payments may be satisfied in either cash or Common Shares, at the election of the Company. The Cisco Vendor will also be paid a cash bonus of $2,500,000 on the completion and delivery of an initial mineral resource calculation report, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, on the Cisco Claims demonstrating an inferred resource (or higher category) of at least 25 million tonnes grading over 1% Li2O.

Broadback Claims

Pursuant to the terms of an option agreement between the Company, 9219-8845 Quebec Inc (“9219“), Steven Labranche and Anna-Rosa Giglio (the “Broadback Vendors“) dated February 28, 2024 (the “Broadback Agreement“), in order for the Company to exercise the option to acquire a 100% interest in 24 mineral claims (the “Broadback Claims“) from the Broadback Vendors, the Company must pay to the Broadback Vendors total consideration of an aggregate of 10,000,000 Common Shares and $200,000 as follows:

  Cash Consideration Share Consideration
Closing date of the Broadback Agreement $200,000 5,000,000
Year 1 5,000,000
Total $200,000 10,000,000

 

Upon satisfaction of the above payments and expenditures, the Company will earn a 100% interest in the Broadback Claims.

9219 will be granted a 3% gross metals returns royalty on the Broadback Claims (the “Broadback GMR“), of which up to 2% of the Broadback GMR can be repurchased by the Company at any time prior to commercial production for $1,000,000 for the first 1% and $2,000,000 for the next 1%. The foregoing Broadback GMR purchase payments may be satisfied in either cash or Common Shares, at the election of the Company.

Ouagama Claims

Pursuant to the terms of an option agreement between the Company, 9219, Steven Labranche, Anna-Rosa Giglio and Trent Potts (the “Ouagama Vendors“) dated February 28, 2024 (the “Ouagama Agreement“), in order for the Company to exercise the option to acquire a 100% interest in 77 mineral claims (the “Ouagama Claims“) from the Ouagama Vendors, the Company must pay to the Ouagama Vendors total consideration of an aggregate of 10,000,000 Common Shares and $200,000 as follows:

  Cash Consideration Share Consideration
Closing date of the Ouagama Agreement $200,000 5,000,000
Year 1 5,000,000
Total $200,000 10,000,000

 

Upon satisfaction of the above payments and expenditures, the Company will earn a 100% interest in the Ouagama Claims.

The Ouagama Vendors will be granted a 3% gross metals returns royalty on the Ouagama Claims (the “Ouagama GMR“) of which up to 2% of the Ouagama GMR can be repurchased by the Company at any time prior to commercial production for $1,000,000 for the first 1% and $2,000,000 for the second 1%. The foregoing Ouagama GMR purchase payments may be satisfied in either cash or Common Shares, at the election of the Company.

No finder’s fee is payable in connection with the Option. The Option remains subject to TSXV acceptance.

Undertaking

The Cisco Vendors, Broadback Vendors and Ouagama Vendors are expected to severally undertake to not acquire or hold, together with any person acting jointly or in concert with such vendor, more than 9.9% of the Common Shares outstanding immediately after giving effect to such receipt of Consideration Shares. If any issuance of Consideration Shares will result in a vendor owning more than 9.9% of the Common Shares, such vendor will defer such issuance until such time his or her beneficial ownership of the Company is equal to or less than 9.9% of the Common Shares.

Qualified Person

Neil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, is responsible for the scientific and technical data presented herein and has reviewed and approved this news release. Mr. McCallum is a director and VP Exploration of Q2.

The drilling and sampling performed by the Property vendors was supervised by Jeannot Théberge, a registered permit holder with the Ordre des Géologues du Québec. Mr. Théberge is a shareholder of the Cisco Vendor and as such, is not independent.

Quality Control

The samples were sent to Techni-Lab Abitibi Inc. (a division of Activation Laboratories Ltd.), whereupon the samples were tested for lithium with the Actlabs analytical Code 8 Sodium Peroxide Fusion – ICP-OES/ICP-MS Finish – Lithium Ore analysis package with a sodium peroxide fusion digestion and ICP/OES analysis. Sodium peroxide fusion is considered as a total digestion method for lithium assays. Actlabs performs its own internal QAQC checks and the Property Vendors included sufficient QAQC samples (standards and blanks) that are sufficient to match the level of work that was conducted.

About Q2 Metals Corp

Q2 Metals Corp. is a Canadian mineral exploration company currently advancing exploration at the more than 10 km long Mia Trend on its 8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada which is host to both the MIA 1 and MIA 2 lithium occurrences as well as eleven confirmed mineralized zones. The Company also owns the Stellar Lithium Property with 77 claims totaling 3,972-ha, located approximately six kilometres north of its Mia Lithium Property.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO 
Alicia@Q2metals.com

Jason McBride
Corporate Communications
Jason@Q2metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, the Cisco Property being a game-changer for Q2, the potential of the Property, the potential for the Cisco Property to be located in a new lithium pegmatite district, the Cisco Property holding tremendous value for Q2 to unlock, exploration results on the Cisco Property and inferences made therefrom, future plans on the Property include property-wide exploration including sampling/mapping, airborne magnetic surveying and LiDAR surveying, exercising the option of the claims comprising the Cisco Property, the ability to buy back the gross metals returns royalties and the terms thereof, the completion of each of the Cisco Agreement, Broadback Agreement and Ouagama Agreement on the terms stated or at all, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199835



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Q2 Metals Concludes Its 2024 Winter Drill Program at the Mia Lithium Property, James Bay Territory, Quebec, Canada

Highlights:

  • A total of 20 holes, for approximately 3,085 metres was completed during the Winter Drill Program.
  • Drill holes MIA24-033 and 036, located in the centre of the mineralized zone, highlight the potential with aggregate lengths of spodumene-mineralized core intervals of 19.0 and 23.7 metres, respectively.
  • Core assay results remain to be reported for 31 drill holes from the Company’s inaugural drill program in the fall of 2023.

Vancouver, British Columbia–(ACN Newswire – February 27, 2024) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to announce it has concluded its winter 2024 drill program (“Winter Drill Program“) at its wholly owned, 8,668-ha Mia Lithium Property (the “Property“) located in the Eeyou Istchee James Bay Territory of Quebec.

“The winter drill program at the Mia Property has confirmed the spodumene mineralized pegmatite at the western end of the Mia Trend,” commented Q2 Metals VP Exploration, Neil McCallum. “The drilling has successfully evaluated a large portion of the Mia Trend that had been explored at the surface. I look forward to having our team conduct additional property-wide mapping and sampling this summer to get a greater understanding of the remainder of the Mia Property as a large portion of it has not yet seen any exploration.”

The Winter Drill Program commenced on January 18th at the west end of the more than 10-kilometre-long Mia Lithium Exploration Trend (the “Mia Trend“) which is located 22 km from the Billy Diamond Highway, proximal to major hydro-powerline and all-season road infrastructure. A total of 20 drill holes were completed on the Mia Trend for approximately 3,085 Metres (Figure 1).

The work completed at the Mia Zones 1-3 at the western end of more than 10-kilometre-long Mia Trend consisted of 11 drill holes (Tables 1 and 2, Figures 1-4). Several drill holes intersected visual spodumene-bearing pegmatite intervals. Drill holes MIA24-033 and 036, located in the centre of the mineralized zone, highlight the potential with aggregate lengths of spodumene-mineralized core intervals of 19.0 and 23.7 metres, respectively.

A total of 9 additional drill holes were completed along the remainder of the more than 10-kilometre-long Mia Trend.

The geological team has completed the processing of all 2024 drill holes, and the samples have been dispatched to the lab for analysis. The preliminary pegmatite intervals of each drill hole are reported in Table 1 and the basic location and dip/azimuth details are also included below in Table 2.

The presence of spodumene in drill core is based primarily on visual identification, and a portable LIBS (Laser Induced Breakdown Spectroscopy) analyzer was used to confirm the presence of lithium, which strongly suggests the presence of spodumene. There are drill holes that have intersected pegmatite without visual identification of spodumene however, analytical results will ultimately confirm the presence of lithium mineralization.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_004.jpg
Figure 1. Property-Scale Summary Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_004full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_005.jpg
Figure 2. Summary Map of Drilling at the MIA 1,2 &3 zones

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_006.jpg
Figure 3. Summary Map of Drilling Along the Mia Trend (MIA 5-7)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_006full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_007.jpg

Figure 4. Summary Map of Drilling Along the Mia Trend (MIA 8,9, CARTE)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_007full.jpg

Table 1. 2024 Pegmatite Interval Summary

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_008.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_008full.jpg

Table 2. Summary of 2024 Winter Drill Holes

Cannot view this image? Visit: https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_009.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_009full.jpg

Fall 2023 Drill Program – Assay Update

A Quality Assurance / Quality Control (“QA/QC”) protocol that follows industry best practices was incorporated into each of the fall and winter drill programs. Due to QA/QC concerns with the analytical laboratory, the Company is awaiting receipt of assay results for the 31 drill holes completed during the fall 2023 drill program. Results will be reported as soon as they are available.

Future Field Work at Mia Lithium Property

The Company is planning to conduct a property-wide mapping and sampling program to expand upon the shortened 2-week ground mapping field program that was conducted in 2023. A particular focus will be to understand the mineralization potential along the Bruce and Lady trends and the possibility of extending the Mia Trend.

Q2 Metals to Attend 2024 PDAC Convention

Q2 Metals is pleased to announce its participation in the 2024 PDAC Convention in Toronto, Canada. PDAC event and booth details:

Event: PDAC 2024
Date: March 3 – 6, 2024
Location: Investors Exchange, Metro Toronto Convention Centre, Toronto, Canada
Booth Number: 3148

Qualified Person

Neil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and has reviewed the technical information in this news release. Mr. McCallum is a director and VP Exploration of Q2.

About Q2 Metals Corp

Q2 Metals Corp. is a Canadian mineral exploration company currently advancing exploration at the more than 10-kilometre-long Mia Trend on its 8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada which is host to both the MIA 1 and MIA 2 lithium occurrences as well as 11 confirmed mineralized zones. The Company also owns the Stellar Lithium Property with 77 claims totaling 3,972-ha, located approximately six kilometres north of its Mia Lithium Property.

Q2 also holds the highly prospective Big Hill and Titan gold projects covering approximately 110 km² in the Talgai Goldfields of the broader Warwick-Texas District of Queensland, Australia. The Big Hill Gold Project is host to 54 high-grade historical gold mines.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne 
President & CEO 
Alicia@Q2metals.com

Jason McBride
Corporate Communications
Jason@Q2metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com
Website: www.Q2Metals.com
Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-Looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-Looking statements are based on a number of material factors and assumptions.

Forward-Looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward-Looking statements in this news release include, but are not limited to, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, , the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199439



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Doubleview Gold Corp. Announces Significant Copper and Gold Intervals, Including 6.94% Copper and 8.29 g/t Gold (11.27% Cu Eq[-Sc]) Over 4 meters, from South Lisle and Main Lisle Zones of Hat Porphyry Polymetallic Deposit

Vancouver, British Columbia–(ACN Newswire – February 26, 2024) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the “Company or “Doubleview”) is pleased to announce analyses from the final five Hat Property drill holes of the 2023 drill campaign. Drill holes H067 and H068 in the South Lisle Zone returned very significant intervals of copper and gold values that add important length and grade dimensions to the porphyry deposit. Drill holes H069 and H070, in the main Lisle zone, were strategically placed to verify and expand our exploration model and have increased the mineralization and shown near-surface continuation. The enhanced volume of mineralization will be reflected in the estimates included in the Maiden Resource Estimate (MRE) currently being prepared.

The Hat Porphyry project is located in the prolific “Golden Triangle” of the Stikine mining district of northwestern British Columbia, Canada, and is in a territory that hosts several large base and precious metal deposits. In addition to copper and gold, the Hat Deposit contains several critical metals, including Cobalt, and Scandium.

Mr. Farshad Shirvani, President and CEO, comments that “The 2023 program of drilling comprised almost 11,000 metres of drilling that explored and extended the Lisle deposit to west, south and southwest, enabled new interpretation of the deposit orientation and model, and revealed a new gold-silver-cobalt-rich area. Several previously unconnected mineral zones were joined and over-all dimensions were increased. A 4 meter section of hole H067 returned a remarkable 6.94% copper and 8.29 g/t gold (11.27% Cu Eq[-Sc] “Cu Eq calculated excluding Sc content”). Data for the Maiden Resource Estimate (MRE) were compiled and forwarded to an outside, arm’s length, consultant. When completed the MRE will be published and mark a very material progression in our development of the Hat deposit”.

South Lisle Zone:

Drill holes H067 and H068 returned strong Copper and Gold mineralization consistent with that reported from hole H034 and confirmed the apparent trend of mineralization to deeper and higher concentrations in the Lisle South area.

Drill hole H067:

Hole H067 intersected significant Gold and Copper mineralization over its entire length from 9 meters depth (see Table 1):

  • 537.8 meters of 0.24g/t Au plus 0.17% Cu (0.34% Cu Eq[-Sc])

  • Including: 210.4 meters of 0.47g/t Au plus 0.47% Cu (0.64% Cu Eq[-Sc])

  • Including: 113.3 meters of 0.75g/t Au plus 0.52% Cu (1.01% Cu Eq[-Sc])

  • Including: 48.0 meters of 1.60g/t Au plus 1.03% Cu (2.01% Cu Eq[-Sc])

  • Including: 25.0 meters of 3.03g/t Au plus 1.95% Cu (3.77% Cu Eq[-Sc])

Drill hole H068:

Hole H068 intersected mineralization from near surface to total 618 meters, including stronger values at depth

  • 103.0 meters of 0.20g/t Au plus 0.38% Cu (0.48% Cu Eq[-Sc])

  • Including: 67.0 meters of 0.27g/t Au plus 0.49% Cu (0.63% Cu Eq[-Sc])

Table 1: Significant South Lisle Zone Hole H067 and H068 assay intercepts

DDH From
(m)
To
(m)
Length (m) Ag
(g/t)
Au
(g/t)
Co
(g/t)
Cu
(%)
Sc
(g/t)
Cu Eq (%)
incl Sc2O3
H067 9 546.8 537.8 0.27 0.24 102.0 0.17 31.8 1.10
   Inc. 9.0 366.0 357.0 0.33 0.33 128.5 0.21 30.7 1.18
   Inc. 93.7 304.0 210.4 0.48 0.47 170.0 0.32 30.3 1.37
   Inc. 110.0 339.0 229.0 0.45 0.48 176.5 0.31 29.6 1.35
   Inc. 196.0 309.3 113.3 0.54 0.75 235.0 0.52 26.7 1.65
   Or 267.0 315.0 48.0 0.76 1.60 337.5 1.03 23.5 2.57
   Inc. 279.0 304.0 25.0 1.41 3.03 571.3 1.95 19.6 4.24
   Inc. 298.0 302.0 4.0 3.61 8.29 714.1 6.94 16.0 11.65
H068 21.0 618.0 597.0 0.24 0.10 75.1 0.12 34.4 1.01
   Inc. 198.0 362.5 164.5 0.18 0.14 102.9 0.09 31.6 0.97
   Inc. 202.0 229.0 27.0 0.47 0.40 278.8 0.25 28.3 1.26
   And 488.0 591.0 103.0 0.71 0.20 84.6 0.38 35.3 1.33
   Inc. 504.0 571.0 67.0 0.95 0.27 102.9 0.49 32.3 1.41
Notes:
– Metal equivalents should not be relied upon for future evaluations.
– Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths.
**Copper Equivalent [ Cu Eq (%) incl Sc2O3 ] is estimated using the following metal values and equations:

*CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)

– Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g

– Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

 

Main Lisle Zone:

Drill holes H069 and H070 explored near-surface mineralization and filled a gap between the hole H022-H023 area and hole H034, an area of strong values. Drill hole H071 significantly extended H034 mineralization. Table 2 includes significant intervals.

Drill hole H069: Intersected 411m of mineralization from near surface including several intervals of note:

  • 253 meters 0.14g/t Au plus 0.21% Cu (0.30% Cu Eq[-Sc])

  • Including:

    • 135 meters of 0.18g/t Au plus 0.30% Cu (0.40% Cu Eq[-Sc])

    • 115 meters of 0.20g/t Au plus 0.33% Cu (0.43% Cu Eq[-Sc])

    • 52.4 meters of 0.18g/t Au plus 0.44% Cu (0.50% Cu Eq[-Sc])

Drill hole H070: Intersected long intervals of mineralization with uniformly elevated gold values and sections of strong cobalt.

  • 158.5 meters 0.26g/t Au plus 0.17% Cu (0.35% Cu Eq[-Sc])

  • Including:

    • 133.4 meters of 0.31g/t Au plus 0.20% Cu (0.40% Cu Eq[-Sc])

    • 96.0 meters of 0.40g/t Au plus 0.25% Cu (0.50% Cu Eq[-Sc])

Drill hole H071: Intersected long intervals of moderate copper, gold and silver values and 1m with very high silver, gold, cobalt and copper.

  • 207.9 meters 0.17g/t Au plus 0.17% Cu (0.29% Cu Eq[-Sc])

  • Including:

    • 24.9 meters of 0.45g/t Au plus 0.13% Cu (0.43% Cu Eq[-Sc])

    • 82.0 meters of 0.18g/t Au plus 0.29% Cu (0.39% Cu Eq[-Sc])

    • 1.0 meters of 2.31g/t Au plus 2.01% Cu (3.44% Cu Eq[-Sc])

Table 2. Significant South Lisle Zone Hole H069 and H070 and H071 assay intercepts

DDH From
(m)
To
(m)
Length (m) Ag
(g/t)
Au
(g/t)
Co
(g/t)
Cu
(%)
Sc
(g/t)
Cu Eq (%)
incl Sc2O3
H069 39.0 450.0 411.0 0.36 0.12 63.1 0.15 23.1 0.78
   Inc. 159.0 412.0 253.0 0.45 0.14 68.8 0.21 22.2 0.83
   Inc. 232.0 410.0 178.0 0.57 0.16 64.5 0.25 20.1 0.82
   Inc. 232.0 367.0 135.0 0.67 0.18 66.4 0.30 19.9 0.87
   Inc. 252.0 367.0 115.0 0.76 0.20 70.8 0.33 19.3 0.89
   Inc. 301.0 353.4 52.4 1.15 0.18 47.3 0.44 14.8 0.86
H070 49.0 207.5 158.5 0.44 0.26 88.0 0.17 24.4 0.93
   Inc. 58.0 191.4 133.4 0.49 0.31 93.4 0.20 23.8 0.97
   Or 24.0 138.0 114.0 0.47 0.30 83.6 0.15 23.5 0.91
   Inc. 93.0 189.0 96.0 0.56 0.40 93.4 0.25 23.6 1.06
   Inc. 126.0 134.0 8.0 1.90 2.01 332.9 0.78 20.9 2.55
   Inc. 288.0 290.0 2.0 7.03 0.47 555.0 2.64 15.7 3.19
H071 141.0 414.0 273.0 0.30 0.15 84.0 0.16 26.5 0.90
   Inc. 175.1 200.0 24.9 0.25 0.45 76.9 0.13 26.2 1.05
   Inc. 298.0 380.0 82.0 0.49 0.18 82.0 0.29 25.1 0.99
   Inc. 304.0 305.0 1.0 4.03 2.31 669.0 2.01 12.7 3.75
Notes:
– Metal equivalents should not be relied upon for future evaluations.
– Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths.
**Copper Equivalent [ Cu Eq (%) incl Sc2O3 ] is estimated using the following metal values and equations:

*CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)

– Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g

– Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

 

Table 3. Drill Hole Data

Drill Hole ID UTM – East UTM – North

Elevation
(m)

Max-Depth
(m)

Azimuth
(°)

Dip
(°)

Area
H067 347,866 6,453,619 938.0 549.0 300.0 -60.3 South Lisle (Gold Rich Zone)
H068 347,866 6,453,619 938.0 618.0 310.0 -68.5 South Lisle (Gold Rich Zone)
H069 347,865 6,453,953 956.5 459.0 18.0 -75.0 Main Lisle Zone
H070 347,866 6,453,953 956.5 600.0 55.0 -70.0 Main Lisle Zone
H071 347,866 6,453,953 956.5 411.0 170.0 -70.0 South Lisle (Gold Rich Zone)

 

Figure 1 : Drill Plan with IP Chargeability (at 700m masl)

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8003/199246_7c4c8004047089fe_001.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/199246_7c4c8004047089fe_001full.jpg

Figure 2A. Vertical Section (A-A’) along the drill holes H067, H068 at South Lisle Zone

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8003/199246_7c4c8004047089fe_002.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/199246_7c4c8004047089fe_002full.jpg

Figure 2B. Vertical Section (B-B’) along the drill holes H069, H070, H071 at Main Lisle Zone

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8003/199246_7c4c8004047089fe_003.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/199246_7c4c8004047089fe_003full.jpg

Scandium:

Scandium, one of the rarest metals, is deemed “critical” by Canadian and American federal governments. The Hat deposit is one of a small number of North American deposits that potentially contains significant amounts of scandium:

Scandium is utilized in various industries due to its unique properties, especially when alloyed with aluminum. Applications take advantage of scandium’s ability to enhance the strength, durability, and thermal resistance of aluminum, making the resultant alloy ideal for aerospace, military, and automotive industries. Additionally, scandium finds applications in the manufacturing of solid oxide fuel cells, where it serves as a critical component due to its electrical conductivity and heat resistance. These fuel cells are used in power generation with high efficiency and low emissions. Other industries that benefit from the use of scandium include lighting, electronics, and 3D printing, leveraging its capacity to improve the performance of materials and components within these sectors.

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (GER: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199246



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Graphene Manufacturing Group Ltd. Commences Trading on OTCQX Under the Symbol GMGMF

Brisbane, Queensland, Australia–(Newsfile Corp. – February 26, 2024) –  Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company“) is pleased to announce it begins trading today on the OTCQX market under the symbol “GMGMF”.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/199208_b72d0c1064e979c2_001full.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/199208_b72d0c1064e979c2_001full.jpg

The OTCQX® Best Market is for established, investor-focused U.S. and international companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. Penny stocks, shells and companies in bankruptcy cannot qualify for OTCQX. The companies found on OTCQX are distinguished by the integrity of their operations and diligence with which they convey their qualifications.

GMG has now qualified to trade on the OTCQX® Best Market, having been upgraded from the Pink® market. The two lower-tier markets for OTC trading in the U.S. are the OTCQB® Venture Market and the OTC Pink® market. This upgrade will provide increased transparency in trading for GMG’s U.S. investors through its higher levels of reporting and governance.

GMG’s Managing Director and CEO, Craig Nicol, commented: “As part of our capital markets access plans, we are delighted to broaden the Company’s exposure in the U.S. market through this upgrade. It is a major step toward our corporate development in North America.”

GMG’s Chairman and Non-Executive Director, Jack Perkowski, commented: “Increasing GMG’s presence in the U.S. is of strategic importance for funding our development and growth initiatives. Enabling U.S. investors with increased involvement will expand the Company’s future capital opportunities.”

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

GMG’s 4 critical business objectives are:

  1. Produce Graphene and improve/scale cell production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

  • Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
  • Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

www.graphenemg.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the upgrade to the OTCQX® Best Market providing increased transparency in trading for GMG’s U.S. investors, trading on OTCQX® Best Market being an important step toward the Company’s corporate development in North America, increasing the Company’s presence in the U.S. being strategically important for future funding of development and growth, and increased U.S. investor involvement expanding the Company’s future capital opportunities.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the upgrade to the OTCQX® Best Market resulting in higher levels of reporting and governance which will lead to increased transparency in trading for U.S. investors, that the upgrade to the OTCQX® Best Market is an important step towards the Company’s corporate development in North America, that increasing the Company’s presence in the U.S. will help fund the Company’s development and growth, and that increased U.S. investor involvement will expand the Company’s future capital opportunities.

Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the upgrade to the OTCQX® Best Market will not result in a higher level of reporting, that the upgrade to the OTCQX® Best Market will not lead to increase transparency in trading for U.S. investors, that the upgrade to the OTCQX® Best Market will not be an important step towards the Company’s corporate development in North America, that increasing the Company’s presence in the U.S. will not help fund the Company’s development and growth, that increased U.S. investor involvement will not expand the Company’s future capital opportunities, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199208



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Graphene Manufacturing Group ISO 9001:2015 Certification, Demonstrating Commitment to Quality Management

Brisbane, Queensland, Australia–(ACN Newswire – February 20, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to announce that it has successfully passed the ISO 9001:2015 audit and is now certified to be in compliance with this internationally recognised standard for quality management systems. This achievement underscores GMG’s commitment to providing its customers with the highest quality products and services, while continuously improving its internal processes.

The ISO 9001 certification process involved a rigorous assessment of GMG’s quality management system, covering all aspects of its operations, from customer service to production, delivery, and technical support. The successful audit demonstrates that GMG’s system meets the stringent requirements of the ISO 9001 standard that are designed to ensure consistent quality and customer satisfaction.

The benefits of ISO 9001 certification for GMG include:

  • Enhanced customer satisfaction through improved product and service quality.
  • Increased efficiency and productivity through optimised processes.
  • Reduced costs through minimised errors and waste.
  • Improved decision-making through data-driven insights.

GMG is committed to maintaining its ISO 9001 certification and continuously improving its quality management system. The Company plans to conduct regular internal audits and reviews to ensure that its system remains effective and aligned with the latest standards.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are extremely proud to achieve ISO 9001 certification. This certification is a testament to our dedication to quality and continuous improvement. We are confident that this will further strengthen our relationships with our customers and partners and open more opportunities.”

Additionally, the Company would like to clarify the terms of an investor relations agreement with Focus Communications Investor Relations Inc., a company existing under the laws of Ontario (“Focus”), dated July 1, 2023 (the “Focus Agreement”), previously detailed in the News Release dated July 18, 2023.

Pursuant to the Focus Agreement, Focus will provide investor relations services to GMG for a three-year term, subject to early termination in certain events. The options previously detailed in the July 18, 2023, News Release will vest and become exercisable over a 12-month period and have a term of 3 years.

RSU and Options Grants

The Company is also pleased to announce that following the annual external remuneration review, its Board of Directors have approved the grant of an aggregate of 685,530 Restricted Share Units (“RSU’s”) and 1,400,000 Share Options (“Options”) to certain officers and directors of the Company pursuant to its Restricted Share and Performance Share Plan and the Stock Option Plan. The RSU’s and Options will vest in accordance with the following schedules.

Number of Units

Vesting Terms
213622 RSU’s

71,207 on Jan 22, 2025, 71,207 on Jan 22, 2026, 71,208 on Jan 22, 2027
76114 RSU’s

25,317 on 12 February 2025, 25,371 on 12 February 2026, 25,372 on 12 February 2027.
189671 RSU’s

94, 836 on 17 October 2024, 94, 835 on 17 October 2025
206123 RSU’s

206,123 on 12 February 2025
1,400,000 Options

462,000 on 6 February 2025, 462,000 on 6 February 2026, 476,000 on 6 February 2027

 

When vested, each RSU entitles the holder thereof to receive one Share or the equivalent cash value thereof.

About GMG

GMG is a disruptive Australian-based clean-tech company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance enhanced HVAC-R coating system.

GMG’s 4 critical business objectives are to:

  1. Produce Graphene and improve/scale cell production processes.
  2. Build Revenue from Energy Savings Products.
  3. Develop a Next-Generation Battery.
  4. Develop its Supply Chain, Partners & Project Execution Capability.

For further information please contact:

  • Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
  • Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

www.graphenemg.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the ISO 9001 standard underscoring GMG’s commitment to providing quality products and services and continued improvement, that the Company will continuously improve its internal processes, the benefits stemming from the ISO 9001 certification, and that the Company will conduct regular internal audits and reviews to ensure that its systems remain effective and aligned with the latest standards.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the significance of the Company obtaining its ISO 9001 certification, that the Company will be able to continuously improve its internal processes, that the Company will derive the expected benefits from the ISO 9001 certification as currently expected by management, that the Company will conduct regular internal audits and reviews to ensure that its systems remain effective and aligned with the latest standards, and that the ISO 9001 certification will further strengthen the Company’s relationships with its customers and partners and open more opportunities. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will be unable to continuously improve its internal processes, that the Company will not derive the benefits management expects from the ISO 9001 certification, that the Company will not conduct regular internal audits and reviews to ensure that its systems remain effective and aligned with the latest standards, that the ISO 9001 certification will not strengthen the Company’s relationships with its customers and partners and open more opportunities, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198540



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Mercury Securities Introduces Mercury Gold

KUALA LUMPUR, Feb 19, 2024 – (ACN Newswire) – Bursa Malaysia listed Mercury Securities Group Berhad (“Mercury Securities” or “Company”; Stock Code 0285), announced the launch of their newest venture, Mercury Gold, which aims to empower both seasoned investors and newcomers to participate in the precious metals market.

Mercury Gold offers physical bullion for purchase as well as Mercury Bullion Savings, a program where customers can buy, sell and accumulate bullion by the gram. With live pricing, a transparent fee structure, and a user-friendly interface, gold and silver investment has never been easier.

The management team of Mercury Securities said, “In the past few years, we have seen gold prices rise as more people look to gold as a safe haven and tangible store of value in uncertain times. As demand increases, we want to provide Malaysians with a transparent and secure platform to buy, sell and save precious metals to diversify their investments. The flexibility to invest in physical bullion or in Mercury Bullion Savings, accumulating grams of gold or silver over time, will allow everyone to participate in this thriving market.”

Mercury Gold Bullion

Mercury Gold’s bullion is sourced from renowned global mints PAMP Suisse and other sovereign mints from the United States, Canada and Australia. All are certified by the London Bullion Market Association (LBMA), the global authority for precious metals. Individual bullion bars in various sizes and government-minted legal tender coins are available for sale.

Mercury Bullion Savings Program (MBS)

In addition, Mercury Gold is proud to introduce Mercury Bullion Savings (MBS) Program, which is an easy, safe and cost-effective way to invest and own gold and silver bullion. Via MBS, customers may buy as little as RM50 of gold per transaction, and all customer holdings are fully backed by physical bullion. Savers in the program can sell their bullion holdings at any time or convert their holdings into LBMA-certified gold or silver bars with zero conversion fees, upon reaching a savings threshold.

To learn more about Mercury Gold and open an account, go to: Mercury Gold. Follow Mercury Gold on social media: Instagram, Facebook and TikTok.



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

GMG’s Graphene Aluminium-Ion Battery Update: Minimal Temperature Rise Identified While Fast Charging

Brisbane, Queensland, Australia–(ACN Newswire – February 14, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company“) provides the latest progress update on its Graphene Aluminium-Ion Battery technology (“G+AI Battery“) being developed by GMG and the University of Queensland (“UQ“).

The Company is pleased to announce that it has identified minimal temperature rise when charging and discharging GMG’s Graphene Aluminium-Ion Battery. This is observed when charging and discharging multiple times at high C- rates (C rate measures the current in a which a battery can be charged or discharged, eg. 1 C rate the battery should be able to be fully discharged in 1 hour). As shown in Figure 1, the temperature of a high-quality lithium-ion battery, produced by a world leading brand, can exceed 60 degrees Celsius when being discharged at the maximum current allowed (4.8 C-rate – an estimated 0.8 A/g on the cathode active material mass). By comparison, GMG’s Graphene Aluminium-Ion Battery temperature is 29 degrees Celsius when it is discharged at even higher current density (20 C-rate – approximately 2.0 A/g on the cathode active mass). The temperatures of both batteries were taken with the room temperature at 23.5 degrees Celsius (+/- 0.5 degrees Celsius).

Battery Type Discharging Current
(Amps / gram cathode active mass)
Operating Temperature
Degrees Celsius
World Leading High Quality Lithium-Ion Battery 0.8 61.6
GMG’s Graphene Aluminium-Ion Battery 2.0 30.9

 

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_001.jpg

Figure 1: Thermal Image of Lithium-Ion Battery (left) with Thermal Image of Graphene Aluminium-Ion Battery (right)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_001full.jpg

The Company intends to validate with further testing the possibility that its battery may not need thermal management, even at high charge and discharge rates. This creates the potential for significant cost reduction at the system level and highly reduced system cost.

– GMG’s Graphene Aluminium-Ion Battery may not need a thermal management system when used in an electric vehicle battery pack or an energy storage system, which will lead to a simpler, more cost effective and higher energy density battery pack. Most Lithium-Ion Battery Packs require a thermal management system, such as the one shown in Figure 2 below.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_002.jpg

Figure 2: A typical Lithium-Ion Battery thermal management system1

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_002full.jpg

– The elimination of thermal management can potentially reduce the weight of an electric vehicle battery pack by up to 16%. For example, the thermal management system of a Lithium-Ion Battery Pack can weigh up to 80 kg out of a total of 480 kg. Such a weight reduction achieved through the elimination of thermal management translates into more energy volumetrically (approximately 10%), as well as vehicle mass reduction for more range. Additional range improvements could be expected to come from no thermal management parasitic drain on the battery during operation.

– Furthermore, because GMG’s Graphene Aluminium-Ion Battery has no combustible volatile organic materials, it is more resilient to the risk of chemical fires, such as those that have occurred with Lithium-Ion Batteries.

Battery Technology Readiness Level

The battery technology readiness level (“BTRL”) of the Graphene Aluminium-Ion technology remains at Level 4 (see Figure 4). GMG is currently optimizing electrochemical behaviour for pouch cells via ongoing laboratory experimentation. When GMG commissions its Pilot Plant, it is anticipated that the Company’s battery technology will progress to BTRL 7 and 8 since the equipment and process to make the Graphene Aluminium-Ion batteries are the same as those used to make Lithium Ion Batteries.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_003.jpg

Figure 3: Battery Technology Readiness Level

Source: “The Battery Component Readiness Level (BC-RL) Framework:
A technology-specific development framework”, Matthew Greenwood et al.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_003full.jpg

Next Steps Toward Commercialisation & Market Applications

The Company continues to see a broad range of applications for a completed GMG Graphene Aluminium Ion Battery – utilising its ultra-high power-density and nominal energy density characteristics. Along with Rio Tinto, a range of global companies have confidentially expressed their interest in working with GMG in the following vertical sectors:

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_005.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_005full.jpg

Next Generation Battery Performance

GMG’s next generation Graphene Aluminium Ion Battery performance data (as tested and calculated on coin cells), as compared to the most commonly available lithium-ion batteries, is shown below in Figure 5, with a list of its beneficial characteristics.

Performance results for the pouch cells could be significantly different and will be communicated upon successfully producing a repeatable and fully 3rd party tested 1000 mAh+ battery pouch cell.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_006.jpg

Figure 4: Graphene Aluminium Ion Battery Comparative Performance Data (for coin cells)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_006full.jpg

About GMG

GMG is a disruptive Australian-based clean-tech company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance enhanced HVAC-R coating system.

GMG’s 4 critical business objectives are:

  1. Produce Graphene and improve/scale cell production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

  • Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
  • Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

www.graphenemg.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the development of the Company’s pouch cell battery, the relative safety and performance of the G+AI Battery compared to lithium-ion batteries, the ability of the G+AI Battery to be used in an electric vehicle battery pack without the need for a cooling system and the potential benefits therefrom, the Company’s focus on making a repeatable 1000 mAh pouch cell and the expected timing of producing a repeatable 1000 mAh pouch cell, that the Company will review the investment decision to procure and install an automated pouch cell battery pilot plant in its Richlands Australia facility and the potential to build a commercial factory if the pilot plant and customer trials are successful, the timing of customer testing for an 1000 mAh pouch cell, the ongoing optimization of the pouch cell, and the potential applications for the G+AI Battery.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the relative safety of the G+AI Battery when compared to lithium ion batteries, that the G+AI Battery could be used in an electric vehicle battery pack without a cooling system, that the G+AI Battery has a lower risk of chemical fire than lithium ion batteries due to the difference in material, that the Company’s focus will remain on making a repeatable 1000 mAh pouch cell, that the Company will be successful in creating a repeatable 1000 mAh pouch cell and will achieve this in the first half of 2024, that the Company will review the investment decision to procure and install an automated pouch cell battery pilot plant in its Richlands Australia facility, that the Company may build a commercial factory if the pilot plant and customer trials are successful, that the Company will optimize electrochemical behaviour for pouch cells via ongoing laboratory experimentation, that the Company will communicate performance data following the successful production of a 1000 mAh pouch cell. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the G+AI Battery will not be as safe or perform as well as lithium ion batteries, that the G+AI Battery will not be able to be used in an electric vehicle battery pack without a cooling system, that the G+AI Battery does not have a lower risk of chemical fires than a lithium ion battery, that the Company will change its focus away from creating a repeatable 1000 mAh pouch cell, that the Company will not be successful in developing a repeatable 1000 mAh pouch cell on the expected timeline, if at all, that the Company will choose not to proceed with a pilot plant, that the Company will not proceed to customer testing, that the Company will not build a commercial factory even if the pilot plant and customer trials are successful, that the Company will be unable to optimize the electrochemical behaviour of the pouch cell though laboratory experimentation or at all, that the Company will not communicate the performance data of a 1000 mAh cell if it is achieved, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.


[1] “A Real-Time Battery Thermal Management Strategy for Connected and Automated Hybrid Electric Vehicles (CAHEVs) Based on Iterative Dynamic Programming”, 6 June 2018, Chong Zhu et al.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197885



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Doubleview Drilling Continues to Extend the “Gold Rich Zone” Within the South Lisle Zone

Vancouver, British Columbia–(ACN Newswire – February 12, 2024) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the “Company or “Doubleview”) is pleased to announce analyses from three Hat Property drill holes. The Hat Porphyry project is located in the Stikine mining district of northwestern British Columbia, Canada and contains several of North American critical metals including Copper, Cobalt and Scandium. The 2023 program of drilling explored and confirmed southern and southwestern continuations of the Lisle zone of porphyry-style mineralization and showed strong metal values and broad dimensions, as well as a previously unrevealed area of high gold and cobalt values. Assay data from an additional five drill holes will be released as soon as it has been confirmed.

Drill hole H064:

  • 213.7 meters 0.21g/t Au (1.05% Cu Eq) from near surface intercept, And
  • 2.0 meters 2.85g/t Au, 254 g/t Co, and 1.38% Cu intercept

Drill hole H065:

  • 195 meters 0.20g/t Au (1.01% Cu Eq) from near surface
    • And includes 64 meters 0.32g/t Au and %0.21 Cu (1.33% Cu Eq)

Or,

  • 104.4 meters Au at 0.25 g/t Au and 0.19%Cu (1.11% Cu Eq)
    • And includes 18 meters near surface 0.95g/t Au and 0.57% Cu (2.3% Cu Eq)

Drill hole H066:

  • 18 meters 2.03% Cu, 0.16 g/t Au and 389.7g/t Co (2.53% Cu Eq)
  • 97 meters 0.44% Cu, 0.13 g/t Au and 159.5g/t Co (1.05% Cu Eq)

Table 1. includes significant assay intercepts – DH H-064, H-065 and H-066.

DDH From
(m)
To
(m)
Length
(m)
Ag
(g/t)
Au
(g/t)
Co
(g/t)
Cu
(%)
Sc
(g/t)
Cu Eq (%)
incl Sc2O3
H064 12.0 450.0 438.0 0.17 0.12 64.2 0.05 33.1 0.93
Incl. 12.0 375.0 363.0 0.19 0.14 6.9 0.05 32.8 0.95
Incl. 43.5 257.2 213.7 0.25 0.21 7.5 0.07 34.6 1.05
Incl. 43.5 205.5 162.0 0.26 0.25 78.3 0.07 37.2 1.14
Incl. 43.5 99.0 55.5 0.52 0.46 8.8 0.14 42.3 1.45
Incl. 55.0 99.0 44.0 0.55 0.46 97.4 0.16 43.5 1.50
Incl. 97.0 99.0 2.0 4.14 2.85 584.5 1.38 40.4 4.17
Incl. 252.0 257.2 5.2 0.78 0.29 11.7 0.25 20.7 0.94
H065 6.0 414.0 408.0 0.31 0.12 55.2 0.08 26.6 0.80
Incl. 6.0 225.0 219.0 0.51 0.19 65.4 0.12 30.7 0.98
or 24.0 219.0 195.0 0.55 0.20 67.0 0.13 30.8 1.01
Incl. 24.0 88.0 64.0 1.01 0.32 60.3 0.21 38.9 1.33
Incl. 54.0 158.4 104.4 0.84 0.25 64.6 0.19 31.9 1.11
Incl. 54.0 72.0 18.0 2.93 0.95 91.8 0.57 38.0 2.03
H066 9.0 595.0 586.0 0.34 0.07 77.0 0.11 30.0 0.90
Incl. 96.0 110.0 14.0 0.45 0.25 128.8 0.12 35.0 1.15
Incl. 314.0 510.0 196.0 0.70 0.07 109.6 0.23 25.7 0.91
Incl. 407.0 504.0 97.0 1.32 0.11 159.5 0.44 22.3 1.05
Incl. 408.0 485.0 77.0 1.53 0.13 174.3 0.53 21.5 1.13
Incl. 468.0 486.0 18.0 5.97 0.16 389.7 2.03 21.2 2.53
Notes:
– Metal equivalents should not be relied upon for future evaluations.
– Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths.
**Copper Equivalent (CuEq%) is estimated using the following metal values and equations:
– *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)
– Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g
– Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

 

Mr. Shirvani, President and CEO of Doubleview, commented: “These latest drill holes confirm the very impressive dimensions of the Hat deposit and the persistent strong values in copper, gold, cobalt, silver and scandium, all of which are important in the global effort to identify and produce metals vital to new and developing technologies to supplement or replace traditional energy sources.”

Figures 1 illustrates vertical projections of drill holes H064 to H066.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8003/197580_eeefadc9c4588b3e_001.jpg

Figure 1. Vertical Section along the drill holes

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/197580_eeefadc9c4588b3e_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8003/197580_eeefadc9c4588b3e_002.jpg

Figure 2. Drill Plan

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/197580_eeefadc9c4588b3e_002full.jpg

Table 2. Drill Hole Data

Drill Hole ID UTM – East UTM – North Elevation Max-Depth Azimuth Dip Area
H064 347,866 6,453,619 938.8 453 135 -60 Lisle South
H065 347,866 6,453,619 938.8 414 225 -60 Lisle South
H066 347,866 6,453,619 938.8 621 280 -70 Lisle South

 

Scandium:

Scandium is one of the rarest critical metals group deemed “critical metals” by the Canadian and American federal governments.

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197580



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com