Graphene Manufacturing Group Commissions Modular Graphene Production Plant

Brisbane, Queensland, Australia–(ACN Newswire – December 19, 2023) – Graphene Manufacturing Group Limited (TSXV: GMG) (“GMG” or the “Company”) is pleased to announce the commissioning of its cutting-edge natural gas to graphene production plant in manufacturing facility at Richlands, Australia.

The facility is based on the GMG plasma technology with which the Company’s existing production plant has been making graphene for over five years, however this new plant is built in a modular fashion which can allow more production units to be installed as the sales of Company’s products grows.

GMG expects to be able to install at least an additional 20 graphene production units in the Richlands manufacturing facility with most of the supporting infrastructure for these additional production units already installed as part of this initial project.

Figure 1: Graphene Production Plant Project Team

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The details of the new modular Graphene Production Plant:

Technology is based on GMG’s self developed plasma technology which splits natural gas into graphene and hydrogen gas.
The production plant’s automation allows for repeatable graphene quality, higher plant reliability and lower operator time.
The graphene production technology has been developed internally by GMG staff and continuously optimised over the past five years to be able to make the different graphene required for GMG’s end products – including THERMAL-XR(R) and G(R) LUBRICANT and Graphene Aluminium Ion Battery.
The Company expects that Graphene production from both its existing plant and this newly started up plant will be adequate for next year’s production.
The expected final cost of the facility is approximately AU $2.9 million – which also includes the infrastructure for other future modular production units.
More production units will be installed as required for the Company’s sales.
The modular plant can be built in various locations around the world, for example in North America where natural gas cost is low and abundantly available, significantly reducing the cost of the graphene. At scale the GMG graphene production process will produce large amounts of hydrogen.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are very excited to have started up this new modular graphene manufacturing plant – it is a significant milestone for the company. It uses GMG’s self developed cutting edge plasma technology which creates the high quality graphene GMG’s end products need to deliver their astounding benefits.”

THERMAL-XR(R) EPA Update:

The United States Environmental Protection Agency (EPA) has requested a 30-day extension to review the GMG/Nu-Calgon Premanufacture Notice (PMN) for the THERMAL-XR(R) power GMG Graphene(R) Low Volume Exemption (LVE) application to be able to sell THERMAL-XR(R) into the United States of America. The extension will allow the EPA to continue their assessment of the detailed submission put forward by GMG and Nu-Calgon. GMG is expecting a decision on the PMN LVE to be finalised in the first quarter of 2024.

About GMG www.graphenemg.com

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 G+AI Batteries.

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

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation: statements relating to the new plant allowing more production units to be installed; statements relating to the expected cost and construction of the new plant and subsequent plants; that graphene production technology developed internally by GMG staff will make the different graphene required for GMG’s end products – including THERMAL-XR(R) and G(R) LUBRICANT and Graphene Aluminium Ion Battery; that Graphene production from both its existing plant and this newly started up plant will be adequate for next year’s production; that at scale the GMG graphene production process will produce large amounts of hydrogen; and the expected timing of the EPA’s decision on the PMN LVE.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation: assumptions relating to the costs of engineering, installation and materials being as expected; the construction of the initial plant and subsequent plants proceeding as planned; the Graphene production from both the Company’s existing plant and this newly started up plant being as anticipated; that the Company will obtain appropriate funding in the future to install more plants; and that the EPA’s decision of the PMN LVE will be delivered on the expected timeline.

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 costs of engineering, installation and materials are not as expected; that the construction of the initial plant and subsequent plants do not proceed as planned or at all; that the Graphene production from both the Company’s existing plant and this newly started up plant is not as expected; that the Company does not obtain appropriate funding in the future to install more plants; that the EPA’s decision of the PMN LVE is not delivered on the expected timeline; 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.

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Rover Metals Submits Plan of Operations for Its Let’s Go Lithium Project, NV, USA

Vancouver, BC, Dec 18, 2023 – (ACN Newswire) – Rover Metals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) (“Rover” or the “Company“) is pleased to announce that it has submitted its Plan of Operations (the “Plan”) permit application for its Let’s Go Lithium (“LGL”) project to the Bureau of Land Management, Nevada division.

LGL Project

The LGL project is a claystone sedimentary lithium project located in a flat playa in an ancient volcanic lakebed. The claim block, which is approximately 8,300 acres in size, includes several limestone-capped butte-like outcrop formations. As released on September 7, 2023, a successful Phase 1 surface sampling program has returned multiple high-grade surface lithium samples. The clay body, as it’s known today, is believed to have very little overburden, and at the southern boundary of the project the lithium rich clay is exposed at the surface, or above surface in butte outcrops. Project infrastructure includes hydro power lines on site, direct road access, access to the Union Pacific rail line, and the nearby town of Pahrump with a readily available work force.

LGL Property Map

Regional Geology

The project is located within the prolific southwest Nevada claystone lithium jurisdiction. LGL is located just 12 km away from the historic Franklin Wells hectorite (a rare lithium smectite mineral) deposit. Mining at Franklin Wells dates back to the 1920’s. The regional geology of the Amargosa Valley is a basin-and-range structure with the Greenwater Range and Funeral Mountains to the west and the Amargosa Desert to the east. The Greenwater/Funeral mountains are fault-controlled with narrow interior valleys and are bounded by broad, coalescing alluvial fans. The Greenwater/Funeral mountains are composed of lower Paleozoic marine and metamorphic rocks. LGL is located in a large basin of clay rich Tertiary lakebed sediments, the major host rock for the other lithium claystone deposits in the southwest Nevada lithium jurisdiction. Lhoist North America has been open pit mining the specialty clays in the area since 1974.

Later-stage company comparable claystone lithium projects in southwest Nevada include Century Lithium Corp.’s Clayton Valley project; American Lithium’s TLC project; Noram Lithium’s Zeus project, and Nevada Lithium’s Bonnie Claire project. All of the aforementioned companies are later-stage mining companies, with a NI 43-101 resource calculation.

LGL Plan

Rover has been working with UES since August 2023 on the Plan. An integral part of the Plan, is the water table flow model, developed by UES’ Principal Hydrologist – Dwight Smith PE, PG, CHg, and team. The Company, through UES, is expecting to start baseline environmental surveys in the early spring of 2024.

Judson Culter, CEO at Rover Metals, states, “The Plan was developed to ensure that there will be no impact to the critical water tables and sensitive biological resources in the Amargosa basin. Dwight Smith has over 20 years of hydrogeology experience working in the Amargosa basin. Rover and UES have obtained a copy of the Plan of Operations and Environmental Assessment study that the neighbouring mine, operated by Lhoist North America, is operating under. Lhoist has been mining in the area for over 50 years, and their Plan of Operations was most recently updated in 1992. Management at Rover, and UES, feel confident that sustainable lithium mining can be supported in the Amargosa Valley.“

A Call for Battery Recycling Partnerships and Joint Ventures

Management of the company will continue their outreach efforts, with assistance from the Nevada State Governor’s Office, to explore partnerships with the Las Vegas-based battery recycling community in H1 of 2024. The eastern Amargosa Valley has been slated for solar farm energy development by the BLM. Solar energy, in addition to the existing hydro energy infrastructure in the area, allows for new development opportunities like EV raw materials battery recycling. Rover is seeking inbound requests to partner with recycling technology companies. Please contact info@rovermetals.com with inquiries. The LGL project is a one and half hour drive from the city of Las Vegas, one of the fastest growing cities in the U.S.

Resignation of Director

Eugene Hodgson has resigned as a director of the Company. Mr. Hodgson was an integral part of Rover’s early growth years, helping the Company establish a presence in the Northwest Territories of Canada. The resignation of Mr. Hodgson coincides with management’s efforts to focus on lithium resource development in Nevada. The Company is seeking to add new directors with experience in Nevada over the coming weeks and months. Mr. Hodgson will stay on in an advisory consulting capacity with the Company on an as-needed basis.

About Rover Metals

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-metals/
Facebook: https://www.facebook.com/RoverMetals/
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.rovermetals.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.

Over Three Quarters of Consumers Believe the Gifting Season Leads to ‘Wasteful Behaviour’ – Eviosys’ Survey Highlights Consumer Shift Towards Sustainable Packaging

ZUG, SWITZERLAND, Dec 14, 2023 – (ACN Newswire) – For the second year, metal packaging giant Eviosys has commissioned a Europe-wide survey of consumers’ sentiment towards packaging. The European leader surveyed 2,000 consumers in the UK, France, Germany, and Spain to get the latest information on priorities in this time of economic uncertainty, especially during the festive season.

The survey’s compelling data underlines the increasing importance consumers place on packaging when making purchasing decisions. Notably, 87% of people think that the gifting season leads to wasteful behaviour, and 48% of respondents acknowledge that they often consider packaging materials when shopping, highlighting a heightened awareness of the environmental impact of packaging materials.

The frustration with the prevalence of plastic in supermarkets is palpable, with 59% expressing discontent. This translates into tangible action, as 57% of consumers said they would pay more for products in sustainable packaging. Notably, 63% of respondents perceive metal as a more sustainable option than plastic. This continued mindset shift towards metal means the industry has an opportunity to capitalise and make a positive change to the market.

The survey also highlights the strong appeal of metal packaging, particularly its infinitely recyclable nature. 82% of respondents said that they would be more likely to purchase a product in metal packaging, given its recyclability.

As environmental concerns continue to rise, 66% of respondents feel that companies are not doing enough to tackle plastic pollution. In contrast, 61% view companies adopting metal packaging as taking a crucial sustainability step. With more than half of Europeans citing cost of living as their primary concern (56%), 78% acknowledge that cost would influence their decision to purchase a gift item.

In the realm of gifting, 48% of consumers express that the ability to reuse or refill the product influences their decisions, even outweighing considerations of luxury or design. 94% of respondents already reuse their gift tins, with popular choices including storing decorations (51%), storing food (47%), storing jewellery (38%), and as a base for DIY projects (26%).

While glass remains an essential element for premium packaging for 42% of respondents, metal closely follows at 38% highlighting that it’s a strong preference for consumers around the festive season.

Laetitia Durafour, Marketing Director, Eviosys said: “Eviosys stands firm in our mission to help brands address consumers’ expectations by spearheading sustainable, recyclable metal packaging solutions. We’re not merely witnessing a shift in consumer preferences; we’re actively shaping a future where responsible choices define our packaging landscape, reflecting the growing commitment toward a more eco-conscious society.”

Contact Information
Maisie Jenyon
PR Manager
eviosysuk@grayling.com

Persistence Resources Announces Details of Proposed Listing on the Main Board of HKEX

HONG KONG, Dec 14, 2023 – (ACN Newswire) – Persistence Resources Group Ltd. (“Persistence Resources” or the “Group”), the third largest gold miner(1) in Shandong Province, China, has announced the details of the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”) under the stock code 02489.

Offering Details

The Group plans to offer a total of 500,000,000 shares (subject to the over-allotment option), of which 450,000,000 are international offer shares (subject to reallocation and the over-allotment option) and 50,000,000 are Hong Kong offer shares (subject to reallocation). The indicative offer price per offer share ranges from HK$0.55 to HK$0.75. After deducting the underwriting fees and other estimated expenses relating to the global offering, and assuming that the over-allotment option is not exercised and the offer price is set at HK$0.65 per share (being the mid-point of the indicative offer price range), the aggregate net proceeds from the global offering are estimated to be HK$265.0 million.

The Hong Kong public offering will commence at 9:00 a.m. on 14 December 2023 (Thursday) and end at noon on 19 December 2023 (Tuesday). The final offer price and allotment results will be announced on 21 December 2023 (Thursday). Trading in the shares of Persistence Resources is expected to commence on the Main Board of the HKEX on 22 December 2023 (Friday) under the stock code 02489. The shares will be traded in board lots of 5,000 shares each.

Innovax Capital Limited is the Sole Sponsor, and Innovax Securities Limited is the Overall Coordinator, Sole Global Coordinator, Joint Bookrunner and Joint Lead Manager of the listing.

Investment Highlights

Open-pit mine Production cost advantage

The Group owns two gold mines in the Muping-Rushan gold metallogenic belt in Shandong Province, a major gold producing province. One of the mines is Songjiagou Open-Pit Mine, with a permitted annual mine production volume of 900.0 kt and a life of mine (LoM) of approximately 8.5 years; and the other is Songjiagou Underground Mine, with a permitted annual mine production volume of 90.0 kt and a LoM of approximately 6.0 years.

According to the SRK Report, the level of capital required and the cost structure for operating an underground mine is different from that of an open-pit mine. This is because the former requires the construction of underground mining infrastructure and the procurement of equipment to conduct underground excavation activities, as well as other structural and fixed costs. Therefore, the production cost of open-pit mines is usually lower than that of underground mines. According to a report by Frost & Sullivan, approximately 95% of all gold mines in China involve underground mining and the total production cost of gold mining in China was approximately RMB298.0 per gram in 2022.

Most of the Group’s gold is produced at Songjiagou Open-Pit Mine, which helps to keep the production cost below the industry average. The Group’s average production cost last year was approximately RMB186.3 per gram.

Excellent geographical location Sound infrastructure

Songjiagou Open-Pit Mine and Songjiagou Underground Mine are in close proximity to each other, approximately 400 meters apart, and only four kilometers away from the Group’s ore processing plant, allowing the Group to centralize its business management. The plant covers an area of approximately 0.9 hectares and has an annual ore processing capacity of approximately 2,000 kt. It is only two km away from a tailings dam and around 50 km from the port of Yantai, making it very conveniently located.

The tailings dam was designed as a valley type with a total elevation of +160 meters above sea level and a total storage capacity of approximately 42.2 million m3 and an effective storage capacity of approximately 30.0 million m3. As of 30 June 2023, the existing production capacity can support 10 years of production.

Experienced management team Elite technical team

Persistence Resources is led by Dr. SHAO Xuxin, its Chairman, Executive Director and Chief Executive Officer. The senior management team has an average of more than 30 years of experience in mining operations and management. The Group also has a strong technical team that has successfully developed new mines and transformed them into actual mining and gold producing assets, enabling Persistence Resources to become the third largest gold mining company in Shandong Province in 2022.

Dr. Shao holds a Ph.D. in mineral processing and has extensive experience in ore processing, mining-related finance and investment management. The Group’s technical team is led by Mr. Huang Yong, the 2006 recipient of the China Nonferrous Metals Industry Science and Technology Award, who is a qualified mineral resource/reserve appraiser accredited by the Ministry of Land and Resources of the PRC, with more than 40 years of experience in mine design and mining consultancy. The technical team also includes 10 mining operations engineers and geologists with an average of more than 15 years of mining operations and management experience, who are able to effectively implement gold grade control and production management and improve operational efficiency.

Future Growth Strategies

Acquire surrounding gold mines to increase market share

The Group plans to expand its mineral resources and increase the gold concentrate processing capacity of its ore processing plant by acquiring high-quality gold mining assets. The criteria for acquisition targets include mines located in Shandong Province with potential gold resources of at least 10 tonnes at a depth of less than 1,000 meters, a LoM of more than five years and a payback period of less than 10 years.

The Group has been identified as one of the key target companies for listing by the Yantai People’s Government, and the Group’s subsidiary, Yantai Zhongjia Mining Co., Ltd., has been approved by the Yantai Municipal Government as one of the four consolidated gold mining companies to acquire gold mining assets in the Muping District of the city. The Group believes that the acquisition of mining assets in Muping District is in line with the policy direction of the local government and that the integration plan will have a positive impact on the Group’s development plan.

According to the Frost & Sullivan report, at least 40 gold mines have been identified in Shandong Province, including 14 underground gold mines in the Muping District’s Gold Mine Resource Integration Plan, which meet certain of the aforementioned acquisition criteria. At present, the Group has shortlisted three underground gold mines in Muping District that meet the acquisition criteria and is ready to select a suitable gold mine by 31 January 2024. The Group is optimistic about signing a formal agreement with the targeted gold mine by 31 March 2024.

Promote mine optimization plan and build additional mining infrastructure

The Group is actively implementing the mine optimization plan, which includes expanding the mining surface area around 150 meters south of the existing boundary of Songjiagou Open-Pit Mine so as to increase the pit opening area from 0.34 square kilometers to 0.46 square meters and to deepen the depth of the pit to –171 meters above sea level. For this purpose, the Group will construct new benches and plans to construct a water storage pool and drainage system to dewater groundwater, set up substations and topsoil storage yards, and acquire three excavators for the new mining area.

Additional exploration at existing mine area to increase gold reserves

According to the SRK report, the Songjiagou Open-Pit Mine area has potential for exploration and upgrading of the infill mineral resource. The Group plans to identify additional mineral resources in the unmined areas adjacent to and below the current pit opening area covered by the mining license of its Songjiagou Open-Pit Mine by conducting further exploration work, which includes 26 drilling surveys in three phases at various depths ranging from 0 to 550 meters with a total depth of over 6,500 meters, so as to increase its gold mineral resources and to increase the LoM of its Songjiagou Open-Pit Mine.

Use of Proceeds

Based on the offer price of HK$0.65 per offer share (being the mid-point of the indicative offer price range of HK$0.55 to HK$0.75), the Group estimates that the net proceeds from the global offering (after deducting the underwriting fees and other estimated expenses relating to the global offering) will be approximately HK$265.0 million before the over-allotment option is exercised.

Use / Percentage

Selective acquisition of gold mining assets: 55.0%

Further construction of mining infrastructure: 20.4%

Repayment of existing bank loans guarantees: 12.6%

Working capital: 10.0%

Additional exploration activities to upgrade gold reserves: 2.0%

Fully electronic application process

Persistence Resources Group Ltd has adopted a fully electronic application process for the Hong Kong public offering. No printed copies of this prospectus or any application forms will be made available to the public. The prospectus has been published on the Stock Exchange website at www.hkexnews.hk under “HKEXnews (New Listings) New Listing Information” and the Group’s website at www.persistenceresource.com.

(1) Source: Frost & Sullivan Report, based on mine production volume in 2022

Persistence Resources Group Ltd

The Group is a gold exploration, mining and processing company established in 2005. It owns two gold mines in Yantai City, Shandong Province, China, mining infrastructure such as mineral processing plants and a tailings dam. It sells gold bullion made from gold concentrates that it processes in-house. According to a Frost & Sullivan report, the Group was the third largest gold mining company in Shandong Province in 2022 in terms of mine production volume, with a market share of 2.6%.

Q2 Metals Confirms Discovery of 8 New Mineralized Pegmatite Zones with Assay Results from Its 2023 Mapping and Sampling Program at the Mia Lithium Property

Highlights:

Validation of Eight (8) new mineralized discoveries including:
- The new MIA-3 Zone with six (6) samples averaging 1.50% Li₂O
- The new MIA-5 Zone with three (3) samples averaging 0.78% Li₂O
- The new MIA-8 Zone with nine (9) samples averaging 2.07% Li₂O
- The new MIA-9 Zone with three (3) samples averaging 1.90% Li₂O
Five (5) spodumene-bearing boulders discovered beside the Carte Zone.
Twenty-six (26) samples from the Mia Trend returned lithium assays above 1.00% Li₂O.
Eleven (11) mineralized zones have now been defined along the Mia Trend.
Field sampling assays have identified new spodumene bearing pegmatites and continue to confirm mineralization throughout the > 10 km long Mia Trend.
Discovery of a new trend (Lady Trend) approximately 1.2 km south and parallel to the Mia Trend.
Q2 remains well funded which will enable the Company to focus on advancing the new lithium pegmatite discoveries at the Mia Property.

Vancouver, British Columbia–(ACN Newswire – December 13, 2023) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to announce the results from the 2023 surface exploration program on its wholly owned, 8,668-ha Mia Lithium Property (the “Property” or “Mia Property“) located in the Eeyou Istchee James Bay Territory of Quebec. The Property is host to the approximately 10-kilometre-long Mia Lithium Exploration Trend (the “Mia Trend“) and is situated proximal to major hydro-powerline and all-season road infrastructure.

Due to the extreme wildfires in northern Quebec this past summer, the Company completed an abbreviated prospecting, mapping and rock sampling program from September 1 to September 15 at the Property (see news releases of September 13 and 27, 2023). A total of 219 samples were collected during the two weeks and the field work resulted in the discovery of eight (8) new mineralized zones.

“The results of our ground mapping and sampling campaign highlight the considerable potential of the Mia Property and we were able to make several new lithium discoveries in a short amount of time,” said Q2 Metals VP of Exploration, Neil McCallum. “These new discoveries present many additional drill targets on the Mia Trend. We are rapidly advancing the Mia Property and are well into our inaugural 10,000 metre drill campaign testing these new mineralized zones.“

The Mia Trend continues to remain the Company’s primary focus with 11 defined mineralized zones (Figures 1 and 2). Table 1 summarizes the results collected from each zone for samples that contain greater than 100 ppm Li.

The mineralized Mia Trend now includes:

The new MIA-3 Zone with six (6) samples averaging 1.50% Li₂O and 131 ppm Ta₂O₅.
The new MIA-5 Zone with three (3) samples averaging 0.78% Li₂O and 126 ppm Ta₂O₅.
The new MIA-8 Zone with nine (9) samples averaging 2.07% Li₂O and 30 ppm Ta₂O₅.
The new MIA-9 Zone with three (3) samples averaging 1.90% Li₂O and 66 ppm Ta₂O₅.
The previously known MIA-1 Zone with six (6) samples averaging 1.8% Li₂O and 40 ppm Ta₂O₅.
The previously known MIA-2 Zone with eight (8) samples averaging 1.17% Li₂O and 31 ppm Ta₂O₅.
The previously known Carte Zone with two (2) samples averaging 1.68% Li₂O and 51 ppm Ta₂O₅.

Minimal field work was completed at the Bruce Trend to the north and a new high-priority trend (the “Lady Trend“) located to the south of the Mia Zone during the program. The geochemical results (tantalum, rubidium and cesium) from both the Bruce Trend and the Lady Trend affirm each trend as being prospective for lithium-bearing LCT-style pegmatite mineralization.

The Bruce Trend contains three (3) samples with background lithium, but elevated tantalum (up to 70.2 ppm Ta₂O₅), rubidium (2,470 ppm Rb) and cesium (64.7 ppm Cs). One pegmatite sample contains a potassium-rubidium ratio of 16.2.

The newly discovered pegmatite on the Lady Trend, located approximately 1.2 km south and parallel to the Mia Zone, contains three (3) samples with anomalous geochemistry. One (1) sample contains elevated lithium (214 ppm Li), and another contains elevated tantalum (up to 75.3 ppm Ta₂O₅), rubidium (582 ppm Rb) and cesium (32.6 ppm Cs). One pegmatite sample contains an anomalous potassium-rubidium ratio of 40.3.

Immediately beside the Carte Zone, five (5) spodumene-bearing boulders were discovered (Figure 2). With the understanding that the glacial transport direction is from the northeast- to the southwest, the preliminary interpretations of these boulders are that:

They are sourced from MIA-10, being the only known other mineralized zone to the northeast; or
There is a new and as-yet to be discovered zone present to the northeast.

Elevated cesium (Cs), rubidium (Rb) and tantalum (Ta) are considered indicator elements that the pegmatites are highly fractionated and thus likely to contain lithium nearby. Potassium-rubidium (K/Rb) ratios have also been an effective tool to map out the level of fractionation of pegmatites. Together, these indicator elements (Cs, Rb, Ta) and K/Rb ratios have been an incredibly useful tool to vector towards lithium mineralized zones in spodumene-pegmatite districts.

Follow-up work will be conducted on the Bruce Trend, the Lady Trend and the spodumene bearing boulders adjacent to the Carte Zone during the spring/summer 2024.

Figure 1. 2023 Sampling Summary, West End

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Figure 2. 2023 Sampling Summary, East End

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Table 1 Summary of Elevated Lithium Samples from September 2023 Fieldwork

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The Company’s inaugural drill program commenced on October 23, 2023 with two drill rigs testing the nearly 10-kilometre-long Mia Trend.

The Company announced the details of the first five drill holes that had been processed and sent to the assay lab on November 16, 2023. All drill holes intercepted pegmatite with visual indications of spodumene mineralization.

Q2 remains well funded, which will enable the Company to focus on advancing the new lithium pegmatite discoveries at the Property.

Sampling, Analytical Methods and QA/QC Protocols

All rock samples collected were shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for standard sample preparation (code PRP89) which includes drying at 105°C, crush to 75% passing 2 mm, riffle split 250 g, and pulverize 85% passing 75 microns. The pulps were shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the samples were homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50).

Management cautions that prospecting surface rock samples and associated results, as discussed herein, are selective by nature and therefore may not necessarily be fully representative of the mineralized horizon sampled.

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 of its 8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada which is host to the Mia Li-1 and Mia Li-2 lithium occurrences. 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 is also exploring 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

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 scale, scope and location of future exploration and drilling activities, the focus of the Company’s current and future exploration and drill programs, 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.

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Rover Metals Prepares Cabin Lake Gold Project For Sale

Vancouver, BC, Dec 11, 2023 – (ACN Newswire) – Rover Metals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) (“Rover” or the “Company”) is pleased to announce that the NI 43-101 Technical Report for the Cabin Lake Gold project (the “Cabin Technical Report”) near to Yellowknife, NT, Canada, is nearing completion. The Company is incorporating three years of exploration data and drill programs (from 2020 to 2022) into the Cabin Technical Report. The Company anticipates that the report will be available the in the middle of Q1-2024.

Cabin Lake Gold Project

On November 24, 2020, the Company reported multiple high-grade gold drill intercepts. Highlights of this release included drill results from the Arrow Zone at Cabin Lake of:

Hole ID	From	To	Length	Au g/t (weighted)
CL-20-08	17.5m	49.4m	31.9m	13.66 g/t Au
CL-20-01	24.6m	46.6m	22.0m	7.94 g/t Au
CL-20-03	41.2m	54.8m	13.7m	6.97 g/t Au
CL-20-06	13.1m	20.5m	7.49m	7.55 g/t Au

For a full copy of the release click on the link above.

In 2021, the Company performed extensive geophysical exploration programs including LiDAR and regional airborne magnetic surveys, as well as detailed ground IP geophysics work that identified multiple sulphide anomalies along the Bugow Iron Formation that still have not been drilled. The Bugow Iron Formation at Cabin Lake is over 15km in surface length, and is considered to structurally control the gold at the project across multiple reported zones (the Arrow Zone, the Beaver Zone, and the Andrew Zone). Comparabes for the project are the historic Lupin Gold mine, as well as the Back River gold project in Nunavut, Canada.

Yellowknife, NT, Canada

The Yellowknife area of Canada is a proven mining district hosting an endowment of precious metals, diamonds, critical minerals such as lithium and cobalt, as well as several rare earth elements. Late-stage brownfields exploration projects in the area promise to bring new infrastructure and investment to the area aided by the Government of Canada’s $1.5B Critical Minerals Infrastructure Fund. Fortune Minerals’ NICO cobalt-gold-copper-bismuth project is a recent recipient of this federal government funding. The Cabin Lake Gold project is located approximately 40km from the NICO project. Other regional junior mining companies are likely to receive federal government funding in 2024. Lithium pegmatite discoveries made this summer in the Yellowknife Pegmatite Province by companies such as Canadian listed Li-FT Power and Australian listed Loyal Lithium are also contributing to increased private sector investment into the area on a global scale.

Terms for Sale

The 100% owned Cabin Lake Gold project is being offered for sale under a staged-ownership purchase option, including an up-front cash payment. The Company intends to retain a royalty on the project. The Cabin Technical Report will qualify the project as a listing asset for multiple stock exchanges. The report can be made compliant for an ASX listing upon request. Interested parties should contact the Company at info@rovermetals.com.

Judson Culter, CEO at Rover Metals, states, “The sale of an option for the Cabin Lake Gold project will help bring-in needed working capital for 2024. Management at Rover is focussed on the continued permitting work at its Let’s Go Lithium project, NV, USA. The Company also has identified hard rock pegmatites at its IML project in the Northwest Territories. In 2024, we will be renewing our efforts to further explore and identify pegmatites at the IML project, including regional exploration in the Yellowknife Pegmatite Province, where the IML project is located. We have received a territorial government grant of $153,000 for exploration work at the IML project and we are pursuing federal government funding opportunities for the project as well.”

Technical information in this news release has been approved by Dave White, M.Sc., P.Geo., Technical Advisor of Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.

About Rover Metals

You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/
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.rovermetals.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

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.

Atlas Lithium Fully Funded to First Production in 2024

Boca Raton, FL, Dec 4, 2023 – (ACN Newswire) – HIGHLIGHTS

– Direct investment at a premium into Atlas Lithium and offtake agreements for Phase 1 of Atlas Lithium’s battery grade spodumene concentrate production have been executed with two top lithium chemical companies, Chengxin Lithium Group and Yahua Industrial Group, suppliers of lithium hydroxide to Tesla, BYD, and LG, among others. Goldman Sachs served as financial advisor to Atlas Lithium in these transactions.

– Chengxin and Yahua have committed an aggregate of US$50 million to Atlas Lithium with US$10 million as equity at $29.77 per share (a 10% premium to recent VWAP) and US$40 million as non-dilutive prepayment in exchange for 80% of Atlas Lithium’s Phase 1 lithium concentrate production.

– With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.

– The accelerated production timeline will be achieved by deploying modular DMS technology and contracting the initial crushing and mining operations with local third parties. The DMS plant for Phase 1 has already been designed and purchased; it is being constructed at an expert facility and will be air freighted into Brazil in 2024.

– Phase 1 annualized production targets up to 150,000 tonnes per annum (“tpa”) of battery grade spodumene concentrate by Q4 2024, with the offtake agreements announced today comprising 120,000 tpa in total and with each party receiving 60,000 tpa. Atlas Lithium’s planned Phase 2 aims to increase capacity to 300,000 tpa by mid-2025. Phase 2 capacity remains uncommitted.

– Atlas Lithium is well positioned to become one of the highest-quality, lowest-cost lithium producers in the world. DMS is an environmentally sustainable technology, and the Company’s project has strong support from the community where it operates.

Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading lithium exploration and development company, is pleased to announce full funding for its early revenue strategy designed to allow the Company to be in production in Q4 2024. Atlas Lithium has estimated the total Phase 1 capital expenditures (“CAPEX”) to be US$ 49.5 million for the implementation of mining and production of spodumene concentrate at its lithium project in Brazil’s Lithium Valley. This CAPEX is now funded by the US$ 50 million secured from lithium industry leaders Yahua and Chengxin as described in this press release.

Offtake Agreements

The high quality of Atlas Lithium’s spodumene, further validated by extensive metallurgical test work, along with the project’s amenability to open pit mining and simple dense media separation (“DMS”) processing, generated robust interest from global parties looking to invest and partner with the Company. After a process which included project site visits from multiple parties, Atlas Lithium chose to partner with Chengxin and Yahua, two of the world’s largest lithium hydroxide producers. Atlas Lithium’s battery grade spodumene concentrate is a product tailored to be used in chemical conversion plants that will process it to lithium hydroxide, the next step in the processing of lithium towards eventual use in batteries. With excellent technologies, strong relationships with top-tier customers such as BYD (the largest global EV maker), Tesla (the second largest), and LG, among others, and a commitment to high-quality, sustainable lithium production, Chengxin and Yahua share Atlas Lithium’s vision to power the accelerating global transition to green energy. Furthermore, Atlas Lithium’s business development team did not want to rely on placing the Company’s product on the spot market as the vagaries of such approach are much less economically attractive than securing purchasing agreements with Tier 1 customers such as Yahua and Chengxin.

Shenzhen Chengxin Lithium Group Co., Ltd (“Chengxin”) was established in 2001 and is headquartered in Chengdu, China. It is listed on the Shenzhen Stock Exchange with a market capitalization of approximately US$2.8 billion. Chengxin’s core business is production and sales of lithium battery materials. The main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal. At present, the Company has built a total production capacity of 72,000 tons of lithium chemicals in Deyang and Suining. Chengxin is currently building out new capacity of 60,000 tons of lithium chemical project in Indonesia which was expected to be completed by the first half of 2024. Chengxin’s main customers include BYD, CATL, LG Chemical and other industry leading enterprises.

Sichuan Yahua Industrial Group Co., Ltd (“Yahua”) was founded in 1952 and is headquartered in Chengdu, China. It is listed on the Shenzhen Stock Exchange with a market capitalization of approximately US$2.2 billion. Yahua is a diversified chemical company engaged in the production and sale of lithium chemical products among others. Yahua currently has an annual lithium chemical production capacity exceeding 70,000 tons, including industrial and battery grade lithium carbonate and lithium hydroxide. Yahua plans to expand its lithium salt production capacity to over 100,000 tons by 2025. Yahua’s main customers include CATL, Tesla and LG Energy Solutions.

Nick Rowley, Atlas Lithium’s VP of Business Development, said, “I had the opportunity to work with both Chengxin and Yahua during my time at Galaxy Resources (now Allkem). These two companies were among the top purchasers of product from Galaxy and integral to our success there as major offtake partners of the Mt Cattlin lithium mine in Western Australia. I am thrilled to have secured their support for Atlas Lithium which is now poised to become the next high-quality lithium concentrate producer in Brazil’s globally renowned Lithium Valley region.”

Marc Fogassa, the Company’s CEO and Chairman, added, “I am humbled by the robust interest multiple parties demonstrated in Atlas Lithium. Ultimately, we opted to partner with two exceptional firms that rapidly and proactively pursued this opportunity to fruition. The ability to become a lithium producer with minimal dilution to shareholders is a significant accomplishment. Securing strong customers with premier end-users is also pivotal to Atlas Lithium’s ambition to become a significant supplier of high-quality lithium. This announcement thus signals a watershed moment for Atlas Lithium’s pursuit of Tier 1 producer status.”

Details of the agreements described in the press release can be found on a Form 8-K which the Company has filed today with the Securities and Exchange Commission. The offtake agreements carry a 5-year term while allowing for early termination should Atlas Lithium undergo a change of control transaction. The Company considers that it received highly attractive pricing on the offtake agreements because of the quality of its spodumene and the credibility of its team. Pricing for the periodic sales of Atlas Lithium’s battery grade spodumene concentrate will be calculated by a formula based on the price of lithium hydroxide globally. The price of lithium hydroxide is defined by historical data for the import and export pricing in China, Japan and South Korea, as determined by major cathode makers.

Early-Revenue Strategy

With the well-delineated initial Anitta pegmatites and positive metallurgical test work results, Atlas Lithium’s technical team opted to expedite the production timeline for its 100%-owned Neves Project. The original target of 300,000 tpa of spodumene concentrate output remains on track for 2025 as Phase 2. However, the Company now targets to commence the initial production of up to 150,000 tpa of spodumene concentrate by Q4 2024. This accelerated production timeline will be enabled by deploying modular DMS technology and contracting initial crushing and mining operations. The total CAPEX until the initial production and revenues is estimated at US$ 49.5 million, which includes the modular DMS plant already purchased along with all civil construction and mining implementation work, and a contingency reserve.

To enable the accelerated production schedule, the Company will utilize modular DMS processing plants, a design and approach not yet utilized in lithium processing in Brazil, and which allows for expedited construction. Figures 1 and 2 show the overall design for Atlas Lithium’s modular plant, with a targeted nameplate capacity of up to 150,000 tpa of spodumene concentrate. The first two DMS modules for Phase 1 are currently under construction with an estimated delivery date to Brazil by April 2024.

Figure 1 – Atlas Lithium’s designed modular DMS plant with a targeted nameplate capacity of up to 150,000 tpa of spodumene concentrate.

Figure 2 – Rotated view of Atlas Lithium’s designed modular DMS plant design with a targeted nameplate capacity of up to 150,000 tpa of spodumene concentrate.

Mine development has also progressed significantly, with well-defined ore bodies that have enabled the Company to develop a comprehensive mining schedule. The geological modelling team has completed a detailed block model of the initial pit area, which has facilitated the design of an optimal open-pit outline by outside consultants. The initial mining plan is focused on the Anitta 2 and 3 pegmatites with Figure 3 illustrating the cross-section with an overlying pit shell for Anitta 2, the location of the starting open-pit mine. The processing plant and Anitta 2 open-pit layout can be seen in Figure 4.

Figure 3 – Cross-section with an overlying pit shell for Anitta 2, the location of the first open-pit mine.

Figure 4 – Neves Project processing plant and Anitta 2 open-pit layout

In parallel with its accelerated effort to commence production in 2024, the Company continues an aggressive exploration drilling campaign, with most rigs operating around the clock. The exploration campaign has recently revealed several promising new pegmatites, with numerous targets still untested (Figure 5). Under the technical leadership of James Abson, Atlas Lithium’s recently hired Chief Geology Officer, the Company is targeting the release of a Maiden Resource Estimate in Q1 2024, conjointly with its first Preliminary Economic Assessment. In the interim, certain technical areas are being advanced to allow issuing a Definitive Feasibility Study in Q2 2024, to be designed around the Phase 2 production target of 300,000 tpa of battery grade spodumene concentrate.

Figure 5 – Six new and promising target areas (designated as Target Areas 1 through 6) within the Neves Project, complementing the four confirmed pegmatite bodies with spodumene mineralization (designated as Anitta 1 through 4).

Overall, the Company’s core strategy remains committed to strong ESG principles. Atlas Lithium is focused on sustainably producing premium spodumene concentrate, including plans to maximize water recycling, employ 100% dry stacked tailings without dams, avoid hazardous chemicals in flotation during the lithium concentration process, and planning to utilize renewable energy sources for power. Additionally, the Company continues building public and private partnerships to spur development in the Jequitinhonha Valley region and takes pride in serving as a sustainable job creator benefiting local communities.

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil’s Lithium Valley, a well-known lithium district in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, and graphite. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Annual Report and in Form 10-Q filed with the SEC on October 20, 2023. Please also refer to the Company’s other filings with the SEC, all of which are available at http://www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations:
Michael Kim or Brooks Hamilton
MZ Group – MZ North America
+1 (949) 546-6326
ATLX@mzgroup.us
https://www.atlas-lithium.com/
@Atlas_Lithium

Q2 Metals Receives Proceeds of $2.0 Million from Shareholder Warrant Exercises

Vancouver, British Columbia–(ACN Newswire – December 4, 2023) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to announce that it has received total proceeds of $2,011,425 for exercised warrants that were issued pursuant to the private placement that closed on December 1, 2021. In total, 8,045,700 warrants were exercised by shareholders. The aggregate proceeds received from the exercise of warrants will be used for working capital purposes.

“We truly appreciate our shareholders and their continued endorsement and support of Q2 through the exercise of these warrants,” said Q2 CEO & President, Alicia Milne. “This reflects shareholder confidence, improves our already strong balance sheet and increases our financial flexibility.”

Q2 is continuing to advance its inaugural drill program at its Mia Lithium Property located in the Eeyou Istchee James Bay Territory of Quebec. The drill program has two active drill rigs exploring the nearly 10-kilometre-long Mia Lithium Exploration Trend. The Company has announced the details of its first five drill holes, all of which intercepted pegmatite with visual indication of spodumene mineralization identified. The Company will continue to provide updates on its progress in the coming weeks.

About Q2 Metals Corp

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 regarding the Company’s financial position, the geological prospects of the Company’s properties and 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 financial position of the Company, the timing and completion of the Phase 1 drill program, the timing and preparation for the Phase 2 drill program, the scale, scope and location of future exploration and drilling activities, the focus of the Company’s current and future drill programs, 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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189645

Doubleview Gold Corp Provides End of 2023 Exploration Update at the Hat Polymetallic Project

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2023) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company or “Doubleview”) is pleased to announce the successful completion of its 2023 exploration and drilling program at the Hat Polymetallic Project situated in the Golden Triangle of British Columbia.

Key achievements of the 2023 exploration program:

Scope and Targets: The comprehensive program successfully covered all intended work programs and explored designated targets. Notably, this marked the largest work program to date at the Hat project.

Main Objective: The primary focus of the 10,500-meter diamond drilling exploration program was to examine the dimensions and characteristics of Copper, Gold, Scandium, and Cobalt mineralization within the Main Lisle Zone of the Hat deposit and its environs. The deposit remains open in all directions.

Sample Analysis: In the current season, 5,220 samples, weighing 25.5 tonnes, were shipped to ALS laboratories, a fully accredited and globally recognized facility in North Vancouver, British Columbia, Canada.

Connecting Deposit Envelopes: A key objective was to enhance connectivity between the deposit envelopes of the Main Lisle deposit and surrounding volumes, creating a cohesive united mass.

NI 43-101 Maiden Resource Estimate: The final achieved and explored volume will serve as the domain envelope for the NI 43-101 maiden resource estimate, anticipated to be disclosed in Q1, 2024.

Budgeting and Cost Controls: Exploration expenses in NW, British Columbia have increased rapidly in recent years. Maintaining tight controls on costs was a key focus of management for the 2023 exploration season. The company drilled approximately 10.500 meters for an estimated %40 of the industry standard costs for a similar drilling campaign.

Farshad Shirvani, President, and CEO stated, “It has been a tremendous year for Doubleview Gold Corp. Accomplishing many goals for the Hat Deposit, our projections reveal significant potential for lateral and depth extensions of this copper-gold deposit, enriched with cobalt and scandium. Importantly, the drilling and exploration program adhered to our projected budget.”

Assay Results:

Assays are being received on a continuous basis and will be published as they are received and verified.

Doubleview maintains a website at www.doubleview.ca.

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.

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Rover Metals Holds Meeting with BLM to Discuss and Review Project Description for Let’s Go Lithium Project, NV, USA

Vancouver, BC, Nov 22, 2023 – (ACN Newswire) – Rover Metals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) (“Rover” or the “Company”) is pleased to announce it has conducted a successful meeting with the Bureau of Landa Management (“BLM”) and numerous other U.S. government agencies to discuss the Project Description for the Let’s Go Lithium (“LGL”) project. Rover updated the original project description to address environmental concerns expressed by the agencies. The Project Description, is in effect, an executive summary of the Company’s Plan of Operations (the “Plan”) for the LGL project. The meeting was held to solicit feedback as the Company moves to finalize its Plan.

LGL Plan of Operations

Rover has been working with McGinley and Associates, dba UES (“UES”) since August 2023 to produce a water table flow model across the subject claim blocks. Although still in draft form, the water table flow model, developed by UES’ Principal Hydrologist – Dwight Smith PE, PG, CHg, and team, is an integral part of Rover’s new Plan. Following the Company’s release of July 24, 2023, the BLM, and supporting U.S. government agencies voiced their concerns to Rover about regional hydrology flow systems in the area. The revised plan has been developed to explicitly address the agencies environmental concerns, de-risking future regulatory challenges and potential for adverse environmental impacts. Further to the Company’s release of October 5, 2023, approximately 80% of the Company’s intended future exploration activities will occur on the recently acquired October mining claims.

Judson Culter, CEO at Rover Metals, states, “UES continues to help Rover to ensure that there will be no impact to the critical water tables and sensitive biological resources in the Amargosa basin. Dwight Smith has over 20 years of hydrogeology experience working in the Amargosa basin. Rover and UES have obtained a copy of the Plan of Operations and Environmental Assessment study that the neighbouring mine, operated by Lhoist North America, is operating under. Lhoist has been mining in the area for over 50 years, and their Plan of Operations was mostly recently updated in 1992. Management at Rover, and UES, feel confident that sustainable lithium mining can be supported in the Amargosa Valley.”

A Call for Battery Recycling Partnerships and Joint Ventures

Management at Rover has met with the Nevada State Governor’s Office to discuss developing partnerships with EV battery recycling companies in the city of Las Vegas. Management of the company will be continuing to pursue high-level joint venture opportunities at the state level in H1 of 2024.

The eastern Amargosa Valley has been slated for solar farm energy development by the BLM. Solar energy, in addition to the existing hydro energy infrastructure in the area, allows for new development opportunities like EV raw materials battery recycling. Rover is seeking inbound requests to partner with recycling technology companies. Please contact info@rovermetals.com with inquiries. The LGL project is a one and half hour drive from the city of Las Vegas, one of the fastest growing cities in the U.S.

About Rover Metals

You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/ 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.rovermetals.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

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.