Author: TheNewswire.com

(via TheNewswire)

Calgary, Alberta and New York, NY – TheNewswire – June 11, 2024 — Above Food Corp. (the “Company” or “Above Food“) and Bite Acquisition Corp. (NYSE AMERICAN: BITE) (“Bite“) today announced that the Company’s shareholders have unanimously approved the previously announced plan of arrangement (the “Arrangement“) in respect of the business combination among Bite, the Company, Above Food Ingredients Inc. (“New Above Food“) and Above Merger Sub, Inc. (the “Business Combination“) at the Company’s special meeting of shareholders held on June 7, 2024 (the “Special Meeting“).

The special resolution approving the Arrangement (the “Arrangement Resolution“) was required to be approved by at least two-thirds (66 2/3%) of the votes cast by the Company’s shareholders represented in person or by proxy at the Special Meeting. A total of 53,222,427 of the Company’s common shares, representing approximately 68% of votes entitled to be cast at the Special Meeting, were represented in person or by proxy at the Special Meeting and all (100%) of the votes at the Special Meeting were voted in favour of the Arrangement Resolution.

The Special Meeting was called in accordance with the interim order granted on May 29, 2024 by the Court of King’s Bench of Alberta (the “Court“) in connection with the Arrangement. The Company will seek a final order approving the Arrangement from the Court on June 18, 2024. Closing of the Arrangement remains subject to satisfaction of certain customary closing conditions, including receipt of final Court, stock exchange and regulatory approvals.

About Above Food

Above Food Corp. is a differentiated, regenerative ingredient company that celebrates delicious products made with real nutritious, flavorful ingredients and delivered with transparency. Above Food’s vision is to create a healthier world — one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, Above Food delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food’s consumer products and brands are available online at www.abovefood.com and in leading grocers across Canada and the United States.

About Bite Acquisition Corp.

Bite Acquisition Corp is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Bite is led by Chair and CEO Alberto Ardura and a team of successful industry executives, and venture capital investors who have long track records of operating business in the restaurant and food industries.

Cautionary Statement Regarding Forward-Looking Information

This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively “forward-looking information“), which are based on Above Food’s and Bite’s current internal expectations, estimates, projections, assumptions and beliefs. The use of any of the words “believe”, “estimate”, “anticipate”, “expect”, “plan”, “predict”, “outlook”, “target”, “project”, “plan”, “may”, “could”, “will”, “shall”, “should”, “intend”, “potential”, “seek”, “future”, “outlook” and similar expressions that predict or indicate future events or trends or events that are not statements of historical matters are intended to identify forward-looking information. Forward-looking information in this press release includes, but is not limited to: statements regarding the anticipated benefits of the Business Combination, particularly that the Business Combination will offer certain advantages to Above Food’s shareholders and Bite stockholders; the expectation that following completion of the Business Combination, the Above Food’s shareholders and Bite stockholders will continue to participate in the upside of the combined company; and statements regarding estimates and forecasts of financial and performance metrics and projections of market opportunity. Forward-looking information is not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Above Food and Bite currently believe the expectations reflected in the forward-looking information in this press release are reasonable, but no assurance can be given that these expectations will prove to be correct, and readers should not place undue reliance on such forward-looking information. The forward-looking information in this press release is subject to a number of known and unknown risks and uncertainties that could cause actual events or results to differ materially, including, but not limited to: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company, the expected benefits of the proposed Business Combination are not obtained or that any of the conditions to closing are not satisfied or that events or other circumstances give rise to the termination of the business combination agreement relating to the proposed Business Combination; (iii) changes to the structure of the proposed Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining the necessary regulatory approvals; (iv) the ability to meet stock exchange listing standards following the consummation of the proposed Business Combination; (v) the risk that the proposed Business Combination disrupts current plans and operations of Above Food as a result of the announcement and consummation of the proposed Business Combination; (vi) failure to realize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vii) costs related to the proposed Business Combination; (viii) changes in applicable law or regulations; (ix) risks relating to the uncertainty of the projected financial information with respect to Above Food; (x) the outcome of any legal proceedings that may be instituted against Bite or Above Food; (xi) the effects of competition on Above Food’s future business; (xii) the impact of the COVID-19 pandemic on Above Food’s business; (xiii) the ability of Bite or the combined company to issue equity or equity-linked securities or obtain debt financing in connection with the proposed Business Combination or in the future; (xiv) the enforceability of Above Food’s intellectual property rights, including its copyrights, patents, trademarks and trade secrets, and the potential infringement on the intellectual property rights of others; (xv) Above Food’s ability to execute its planned acquisition strategy, including to successfully integrate completed acquisitions and realize anticipated synergies; and (xvi) those factors discussed under the heading “Risk Factors” in Bite’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the Securities and Exchange Commission (the “SEC“) on March 11, 2024, the definitive proxy statement/prospectus filed on April 9, 2024 by Bite and New Above Food and other documents filed, or to be filed, by Bite and/or New Above Food with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking information. There may be additional risks that none of Bite or Above Food presently know or that Bite or Above Food currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking information.

In addition, forward-looking information reflects Bite’s and Above Food’s expectations, plans or forecasts of future events and views as of the date of this press release. Bite and Above Food anticipate that subsequent events and developments may cause Bite’s and Above Food’s assessments to change. However, while Bite and Above Food may elect to update the forward-looking information at some point in the future, Bite and Above Food specifically disclaim any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Nothing in this press release should be regarded as a representation by any person that the forward-looking information set forth herein will be achieved or that any of the contemplated results of such forward-looking information will be achieved. Accordingly, undue reliance should not be placed upon the forward-looking information. The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement.

Contacts Media:

[email protected]

Investors:

[email protected]

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_453656625/2895/2024-06-11T08:31:44

(via TheNewswire)

Vancouver, British Columbia – TheNewswire – June 05, 2024 – Arizona Gold & Silver Inc.?(TSXV: AZS)? (OTCQB:AZASF) is happy to announce that the US Bureau of Land Management (BLM) has provided the requisite approval for the Company to proceed with exploration drilling on the Red Hills gold target on the Philadelphia Gold-Silver property, Arizona. The Company had been awaiting a BLM Record of Decision (ROD) and Finding of No Significant Impacts (FONSI).

The approval of the proposed exploration plan will allow the Company to upgrade two access roads and build two drill pads and sumps for drilling up to 40 exploration holes to test the continuity of mineralized rock that was intersected on patented claims on the western edge of the Red Hills target. Investors can refer to press releases dated January 24, 2023, and February 7, 2023, available on the Company’s website.

Mr. Greg Hahn, VP Exploration commented, “The approval of the proposed drilling plan paves the way for the Company to pursue extensions to significant drill intercepts encountered in 2021-2022 on the Company’s immediately adjacent Rising Fawn and Perry patented claims.”

The Company has agreed to several environmental mitigation measures both prior to and during drilling that will help protect sensitive species known to be present in the general area, as a demonstration of its commitment to operating in an environmentally responsible manner. All disturbances will be reclaimed as soon after completion of drilling as is practicable, including regrading and reseeding of the disturbances upon completion of the drilling program. An appropriate bond will be posted to insure completion of site reclamation.

The Plan of Operations, Environmental Assessment, ROD, and FONSI documents can be reviewed at the following web site: https://eplanning.blm.gov/eplanning-ui/project/2026252/510

View Press releases dated January 24, 2023, and February 7, 2023.

Qualified Person

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the technical information contained in this news release.

About Arizona Gold & Silver Inc.

Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada. With a commitment to sustainable practices and innovative exploration techniques, the company aims to drive value for stakeholders while prioritizing environmental stewardship. The flagship asset is the Philadelphia gold-silver property where the Company is drilling off an epithermal gold-silver system ahead of an initial resource calculation.

On behalf of the Board of Directors:

ARIZONA GOLD & SILVER INC.

Mike Stark, President and CEO, Director

Phone: (604) 833-4278

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.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2024 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company’s 2024 drilling program(s) on its properties, will not be consistent with the Company’s expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company’s future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company’s 2024 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_453387449/2895/2024-06-05T10:00:57

(via TheNewswire)

Vancouver, British Columbia – TheNewswire – May 29, 2024 – Arizona Gold & Silver Inc. (the “Company” or “Arizona Gold Silver Inc”) (TSXV: AZS) (OTCQB:AZASF) is pleased to announce the appointment of Cathy Fitzgerald as a Technical Advisor to the Company.

Ms. Fitzgerald is an executive and professional geoscientist with over 20 years of resource industry experience in technical and leadership roles that drive the strategy, execution, and advancement of exploration & development projects across various commodities (Cu, Au, Ag, Li, diamonds). Currently, she is the President and Chief Geologist, and a Director of South Pacific Metals Corp., leading the advancement of four copper-gold porphyry exploration projects in Papua New Guinea. Previously, she was Vice President Exploration & Resource Development at Apollo Silver and Director Resource Evaluation, Ivanhoe Electric (formerly High-Power Exploration). Cathy holds a M.Sc. in Geology from the University of Victoria, is a registered Professional Geoscientist in British Columbia and a Fellow of the Society of Economic Geologists.

Mike Stark, President, and CEO of the Company, stated, “On behalf of the Board of Directors and Advisors, it is my pleasure to welcome Cathy to the team. We are once again at a major juncture for the Company. Cathy will assist in the advancement of our flagship asset, the Philadelphia property, which we believe is the largest low sulfidation gold-silver system in Arizona. Cathy brings fresh ideas and additional credibility to the Company with her wide range of work experience and proven success. She has a lot of insight, skill and expertise to offer. She has expressed several times that we are currently focusing on a small part of what could be a very large system on our Philadelphia property. We look forward to having Cathy as part of our team as we explore the full potential of the Philadelphia property.”

“I am thrilled to be joining Arizona Gold & Silver Inc., as a Technical Advisor,” stated Cathy Fitzgerald. “The team, under the leadership of VP Exploration Greg Hahn, has done excellent work defining a robust gold-bearing vein system with significant strike length at their Philadelphia project. What excites me even more there is the untapped potential of this project, as there is compelling evidence of a larger mineralized system there. I see exciting times ahead for the Company and am pleased to be part of it.”

About Arizona Gold & Silver Inc.

Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada. With a commitment to sustainable practices and innovative exploration techniques, the company aims to drive value for stakeholders while prioritizing environmental stewardship. The flagship asset is the Philadelphia gold-silver property where the Company is drilling off an epithermal gold-silver system ahead of an initial resource calculation.

On behalf of the Board of Directors:

ARIZONA GOLD & SILVER INC.

Mike Stark, President and CEO, Director

Phone: (604) 833-4278

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.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2024 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company’s 2024 drilling program(s) on its properties, will not be consistent with the Company’s expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company’s future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company’s 2024 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_453060519/2895/2024-05-29T11:15:46

(via TheNewswire)

Winnipeg, May 27, 2024. Cytophage Technologies Ltd. (TSXV:CYTO) (“Cytophage” or the “Company”), the only publicly traded phage company that is focused on bacteriophage solutions for both animal health and human health, is pleased to announce that it has strengthened its board of directors with the addition of John Snisarenko, a 30+ year veteran of, and seasoned C-Suite executive in, the pharmaceutical and biotech industries.

Chairman of the Cytophage board, Harold Wolkin, commented: “We continue to add depth to our board, and that is really a reflection of the ambition of our team and what we are looking to accomplish over the coming months. John is a most welcome addition to our team, and his multi-faceted experience with pharmaceuticals and biotech will be invaluable in guiding Cytophage’s product commercialization efforts.”

During his 30+ years in pharmaceutical and biotech industries, John Snisarenko focused on ophthalmology and eye care. John’s most recent position was Chief Commercial Officer for Oyster Point Pharma, where he led the launch planning, infrastructure building and commercial launch for Tyrvaya. Prior to Oyster Point, John served as Group Vice President and Head of the Ophthalmics Franchise at Shire (now Takeda), where he led a large, multidisciplinary team in the commercialization of Xiidra. He also served as a member of the Shire Commercial Leadership Team. Previously, John was the VP & Franchise Head responsible for the commercial activities within Genentech’s Ophthalmology (Lucentis) and Rheumatology (Rituxan, Actemra) franchises for 10 years. All three medicines achieved over $1B in sales in the U.S. marketplace.

John also held various positions of increasing responsibility at CIBA Vision / Novartis Pharma Canada. In his last 9 years there, he served as VP and Business Unit Head for Novartis Ophthalmics, holding general management responsibilities for the Canadian business.

John holds a B.Sc. in Biochemistry and an MBA in Marketing and International Business from McGill University in Montreal, Canada. He is currently serving as an Independent Director, Board Member and Advisor to many start-up and established companies in both Canada and the United States.

“With the increasing threat of antimicrobial resistance (“AMR”) to global health, I am honoured to join the board of a true pioneer in bacteriophage solutions such as Cytophage”, commented John Snisarenko on his appointment. “I am excited to bring my 30+ years of commercialization experience to the Cytophage board, and as the inaugural chair of their Commercialization Committee, I am very much looking forward to lending my skills to getting their products into the marketplace.”

For further information please contact:

Heather Medwick

Chief Operating Officer

[email protected]

431 388 8873

Cytophage Investor Alerts: https://cytophage.com/subscribe/

About Cytophage Technologies

Cytophage Technologies (TSXV:CYTO) is a pioneering biotechnology company dedicated to bacteriophage research, product development and commercialization. Committed to addressing the global challenge of antibiotic resistance, Cytophage advances innovative products that harness the power of bacteriophages to combat bacterial infections affecting human health, animal health, and food security.

Cautionary Statement on Forward-Looking Information

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Cytophage to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are

described under the caption “Risk Factors” in Cytophage’s Filing Statement dated January 30, 2024, which is available for view on SEDAR+ at www.sedarplus.ca. These risks include but are not limited to, the risks associated with the bacteriophage industry, such as operational risks in development or capital expenditures, the uncertainty of extensive regulatory approval requirements, government regulations, protection of intellectual property, product liability and rapid technological advancements. Forward-looking statements contained herein are made as of the date of this press release, and Cytophage disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_452964164/2895/2024-05-27T07:52:42

(via TheNewswire)

• Westside Area of the Tombstone project, adjacent to the historic Contention open pit, continues to show mineralized features with high potential for shallow gold-silver expansion drill targets

• Contention Pit area field work and sampling is providing key information to delineate and expand the wide mineralized zone on surface and is being integrated into a 3D model for the first time

Vancouver, Canada – May 22, 2024 – TheNewswire – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the “Company“) announces that 3D modeling of gold-silver mineralized features supports a high confidence interpretation for continuity of shallow, oxidized Au-Ag exploration and drilling targets, below, alongside and to the West of the Contention Open pit at the Tombstone Project in Southeastern Arizona. The ongoing review and modelling of extensive historic and current data, combined with ongoing field work at the Tombstone Project has provided the key elements to building the first 3D model of the historic Tombstone Silver District, incorporating: underground workings, mined stopes, geology, multielement geochemistry, SWIR alterations, and geophysics. The modelling’s preliminary results show the basis of the primary geological controls of gold-silver mineralization down to over 300 meters depth. This is an important milestone to support exploration drilling of shallow targets to potentially extend the footprint of the known gold-silver mineralized zones.

Surface exploration confirms much of the upper portions of the historic data and strengthens the confidence of the 3D model. The surface exploration and modelling have also exposed areas of potential Au-Ag mineralization not extensively explored in the past. The ability to integrate historic and current exploration data for the first time in 3D at the Tombstone Project provides Aztec with valuable information and a strong foundation to continue expanding the footprint of the shallow gold-silver mineralization.

The Tombstone JV owns patented claims related to the Contention and Westside mines. Both mines host the three main deposit styles in the Tombstone district (fissure stringer vein lodes, mineralized Qfp dikes with breccias, and CRD mineralized beds in anticlines). They both encompass multiple, historic mines that produced high-grade gold-silver oxide mineralization at the Tombstone Project.

Recent review of historic data and on-site investigations by Aztec have confirmed that the Westside area was previously planned as an expansion of the Contention pit operations at the time on the interruption of mine operations in 1982. This review identified the Westside area as a high potential target for shallow gold-silver mineralization, almost doubling the project’s potential gold-silver oxide mineralization footprint near to the historic Contention Pit (please see news release dated April 22, 2024).

Aztec has completed a wire frame model of the tunnels (see Figure 1 below) and the Quartz-feldspar dikes (Qfp) (see Figure 2 below), which acted as mineralized solution conduits in the historic Tombstone Silver district. Aztec is now modelling the mined stopes, such as those of the Westside anticline (see Figure 3 below) and then model the intricate folded and faulted sedimentary geology.

Figure 1- Tombstone Project – Initial stage of the 3D modelling is of wire framed underground workings of the Westside Area and Contention Pit Areas

Click Image To View Full Size

Aztec’s recent surface exploration has confirmed the presence of several known and new mineralized features and mine workings and has georeferenced their positions in the project area. This has confirmed the historic positions of the underground workings and related important mineralized features, and that the mineralized features could be exploration targets, with evidence that their intersection potentially hosts broad gold-silver mineralization near surface.

Review of historic data has confirmed the Westside anticline was mined on at least five separate, stacked, oxidized CRD replaced layers in the sediments near the crest of the axis along its 450+ m length, noting that, at its intersection with the Arizona Queen Fissure at the fifth level (see Fig. 3 below), the 120 m long Sulphuret stope, was mapped at over 60 m wide and 10-20 m thick. The Sulphuret stope was reported (Butler, 1938) to have production averaging 70 opt silver with high-grade gold. Aztec drilling has confirmed that the gold-silver mineralization in the property extends beyond the limits of the historically mined stopes.

Figure 2. Tombstone Project Qfp Dikes with Property Limits Plan View

Click Image To View Full Size

Most of the Westside area and its multiple targets have yet to be explored, representing a key area for future drilling and potential shallow resource delineation. The Westside – Sulphuret mine workings reached to the 7th and 8th levels (210-250 m), and historic drilling has significant CRD-style mineralized intercepts at 500 to 600 m depths. Several poorly explored anticlines, with evidence of mineralization at the edge of the historic open pit, have been identified and will be part of the exploration targeting.

In the Tombstone district the sedimentary hosted mineralization (CRD) is focused on the anticlines, in multiple, stacked horizons that have favorable permeability and chemistry with associated skarning-hornfelzing, argillic and silicic alterations. It appears the Qfp dikes generally have significant Au-Ag mineralization associated with them in the sedimentary country rock at an estimated average radius of 15 meters distally from their physical limits. The dikes and the quartz stringer lode-fissures at their intersections with the favorable sedimentary horizons often develop broad zones of mineralization.

Figure 3. Detail of the Westside Anticline, Fifth Level Stopes (Fuchsia colour) with Westside and Arizona Queen Fissure Lodes (Magenta color), mineralized Qfp dikes and mine workings

Current Exploration Program

Aztec’s crews onsite are continuing the 2024 Tombstone exploration program (see news release dated April 22, 2024). Company is currently developing high priority drill targets as a result of the surface exploration program in the area of the Contention pit and surroundings, advancing the detailed geological mapping, and further out with reconnaissance level geological mapping of lithologies, Terraspec SWIR alterations and structures, multi-element rock geochemistry, and thin section petrology and alterations to review the hosting of the gold-silver mineralization. The data acquired is being integrated into the 3D model being constructed including the historic mine workings and geologic mapping of the principal portion of the Tombstone district. The 3D model is being geolocated to the current surface and geology, geochemistry and geophysics and will then be interpreted to strengthen both shallow and deep drilling targeting. This information will be used in supporting the upcoming drilling program design.

The ongoing exploration program is adding key knowledge into the expansion potential of the bulk tonnage, gold-silver oxidized mineralization, and from that, continue drilling and mineralization footprint. The focus of this exploration program is to better define the three styles of mineralization known to exist on the property and to identify top priority targets for drilling. The three types of known mineralization at the Tombstone property are as follows:

• Silver-gold bearing, north-northeast striking felsic intrusive dikes hosting mesothermal stock-works and hydrothermal breccias that cut the Cretaceous Bisbee Group and the underlying Paleozoic carbonates, on which the historic Contention underground mine and later the 1980’s open pit heap leach mine was developed, which now is known to extend laterally and vertically beyond the Contention pit

• High-grade, silver-gold quartz stringer vein lodes striking northeast cutting the Cretaceous Bisbee Group clastic sediments and the Paleozoics, which are related to several of the historic mines in the Tombstone district

• Tombstone’s well known, high grade, oxidized, silver-gold rich base metal carbonate replacement deposits (“CRD”), which lie in the lowermost Bisbee Group and in the underlying Paleozoic carbonates, have a geologic setting very similar to the world-class Hermosa Taylor base metal sulfide deposit of South32, located 65 kilometers southwest of Tombstone. Strong structural controls of the Tombstone CRD deposit locations related parallel to the crests of anticlines, usually with vertical (“reef”) stacking on multiple, favorable horizons

Positive indications for mineralization at Tombstone include:

1. The Bisbee sediments exhibit widespread fracturing, silica-pyrites-sericite-clay alteration, quartz veinlets, stockworks, and hornfelsing and in the limestones jasperoids, dolomitization and skarn development

2. The Contention open pit mine is centered along a strong NNE fault structure with large, mineralized felsic dikes possibly related to a deeper intrusion

3. The underground Contention mine mined the dike mineralization to over 300 m depth

4. Historic drilling by Newmont and Santa Fe to over 700 m depth have intersected narrow to wide, high grade CRD mantos, evidence that the Paleozoic limestones are prospective

5. The presence of several manganese-silver rich mines surround the Property are considered indicative of distal mineralization to CRD deposits worldwide

Tombstone Project Overview

Aztec holds a 75% interest in the Tombstone Property Joint Venture, which includes most of the original patented mining claims in the main district as well as some recently acquired properties.

The main target of the 2023 core drill program was to continue testing the shallow, bulk tonnage, heap leachable, mesothermal gold-silver oxide mineralization adjacent and below the previously mined Contention pit by infill and step-out drilling. Core drilling was deemed necessary to penetrate the multiple historic workings and to acquire needed geological data. Future drilling is expected to focus on strike and dip extensions of the shallow oxide mineralization and move deeper to test for larger and deeper “Taylor-type” CRD targets along and adjacent to the Contention structure.

The Tombstone project is located 100 kilometers (km) southeast of Tucson, Arizona and covers much of the historic Tombstone silver district. Tombstone is renowned for its high grade, oxidized, silver-gold mesothermal stringer lode veins, hydrothermal breccias and manto CRD orebodies that were mined in the late 1800’s and early 1900’s. The historic silver production in the Tombstone district from 1878 to 1939 was estimated at 32 million ounces and 250,000 ounces of gold.

The district geology consists of a mix of shallow-level, oxidized Au-Ag and base metal deposits related to CRD and skarns hosted in folded and thrusted sediments, intrusive dikes and lode veins, and as well the under explored, sulfide versions located below the water table.

Host rocks to the mineralization are primarily the clastic sediments of the lowest portion of the Cretaceous Bisbee Formation. Between 50 and 300 meters (m) in depth, the Bisbee is underlain by approximately two kms thick of the same Paleozoic carbonate formations that host the 110 MT Hermosa-Taylor zinc-lead-silver deposit of South32 located 60 km southwest of Tombstone.

Although the historic silver mines at Tombstone were generally small, Aztec believes they could be related to much larger mesothermal and CRD orebodies below the old mines. Since 2017, Aztec has completed geological mapping, geochemical sampling and geophysical surveying to identify the most prospective areas for Au-Ag mineralization around and below the Contention open pit, and CRD zinc-lead-copper-silver-gold mineralization below the entire district. Aztec management views the district as highly prospective for the discovery of mesothermal and CRD orebodies.

Note: Gold equivalents are calculated using a 80:1 silver:gold ratio in 2020 and 2023 and a 70:1 silver:gold ratio in 2021. Reported lengths are apparent widths, not true widths. The Contention Au-Ag mineralization zones are generally west dipping at around 60-80 degrees, associated with the quartz-feldspar porphyry dikes. However, these dikes also extend as sills in shallow angles out from the Contention fault along fold noses in the Bisbee clastic sediments so the full range of mineralization dips vary from 20 to 80 degrees. True widths for the apparent mineralization intersection widths of the drill holes approximately range from 50 to 100% of the apparent widths, with the norm for the mineralized true widths being 60 to 90% of the apparent widths. Please see summary news releases dated: July 5, 2023, December 7, 2021, and January 12, 2021.

*Grade-Thickness in meters-grams/tonne means the result of multiplying a drill hole intercept length, measured in meters, by the grade of the gold values in the intercept, the resulting compiled number is measured in grams/tonne. Grade thickness is not to be construed as gross metal value nor as a resource. The Tombstone property does not have a current, compliant resource estimation at this point.

Summary Tombstone Project Highlights

• Well located property on patented (33) and unpatented (42) claims (452.02 hectares/1,116.94 acres), covers much of the historic Tombstone silver mining district, great infrastructure, local town, road access, full services, water, power

• Historic silver district produced 32 million oz silver from 1878-1939, in high grade, oxidized, silver-gold-lead-zinc-copper vein, breccia and CRD deposits, and small open pit heap leach production in late 1980’s

• Drilling by Aztec in 2020-23 has demonstrated that the Contention Pit target has significant, shallow. oxidized Au-Ag bulk tonnage mineralization which is open in all directions

• Multiple other prospective targets in Cretaceous and Paleozoic rocks related to major NW and NNE trending structures hosting porphyritic intrusions crosscutting a possible caldera ring structure

The following are highlights of recent drilling intersections supporting the conceptual exploration model for mineralized footprint growth.

• TR21-22: 2.44 gpt Au and 66.56 gpt Ag (3.39 gpt AuEq)over 65.5m (including 16.80 gpt Au and 374.36 gpt Ag over 7.6m)

• TR21-03 – 5.71 gpt Au and 40.54 gpt Ag (6.28 gpt AuEq) over 32.0m

• TC 23-01: 3,477 gpt Ag over 1.52m from a zone of 733.9 gpt Ag over 7.6 m within 125 m of 1.63 gpt AuEq

• TR21-10: 1.39 gpt Au and 56.40 gpt Ag (2.20 gpt AuEq) over 96.0m

• TR21-13: 1.8 gpt Au and 36.9 gpt Ag (2.33 gpt AuEq) over 70.1 m

• TR21-17: 1.73 gpt Au and 56.20 gpt Ag (2.53 gpt AuEq) over 64.0m

• TR21-08: 2.09 gpt Au and 47.1 gpt Ag (2.76 gpt AuEq) over 39.6m

• Hole TC23-02 – 1.69 gpt gold and 29.07 gpt silver (2.03 gpt gold AuEq) over 45.3 m, including 10.1 m grading 6.63 gpt gold and 72.81 gpt silver (7.49 AuEq)

• TC23-05 – 2.816 gpt gold and 176.64 gpt silver (5.02 gpt AuEq) over 36.0 m, including 6.45 gpt gold and 408.47 gpt silver (11.554 gpt AuEq) over 15.5 m

The company in conjunction with its exploration sampling programs uses quality assurance-quality control as part of its sampling-assaying-assessments. Samples and their collection are controlled by an industry standard conforming QAQC program including insertions of certified standards, blanks and sample duplicates. The samples are being regularly shipped to and received by the Bureau Veritas Minerals laboratory in Hermosillo, Mexico for geochemical analysis.

Core and RC drilling samples are continuously collected over 5 foot (1.52m) sample intervals from all drill holes. The samples were analyzed for gold with a 30-gram sample size using the fire assay method FA430 followed by multi-element MA300, including silver. Over limits, when present, are analyzed by MA370 or FA530. All holes contain certified blanks, standards, and duplicates as part of the quality control program.

Allen David Heyl, B.Sc., CPG., VP Exploration of Aztec, is the Qualified Person under NI43-101, supervised the Tombstone exploration programs. Mr. Heyl has reviewed and approved the technical disclosures in this news release.

“Simon Dyakowski”

Simon Dyakowski, Chief Executive Officer

Aztec Minerals Corp.

About Aztec Minerals – Aztec is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico. The Tombstone project is an emerging gold-silver discovery with high grade CRD silver-lead-zinc potential in southern Arizona. Aztec’s shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).

Contact Information – For more information, please contact:

Simon Dyakowski, President & CEO, Director

Tel: (604) 685-9770
Fax: (604) 685-9744
Email: [email protected]

Website: www.aztecminerals.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements:

This news release contains “forward?looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work, develop new drill targets at the Tombstone project, carrying out future exploration work on the Company’s projects, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. 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 may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of gold, silver and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_452750747/2895/2024-05-22T15:10:26

(via TheNewswire)

Vancouver, Canada – May 15, 2024 – TheNewswire – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the “Company“) announces that, subject to the approval of the TSX Venture Exchange (the “Exchange“), it will extend the expiry date of certain outstanding share purchase warrants of the Company. A total of 11,388,089 share purchase warrants (the “Warrants“) were originally issued by the Company pursuant to the closing of a private placement on June 6, 2022. As issued, each Warrant entitles the holder to purchase one common share of the Company at a price of $0.40 per share until June 6, 2024. None of the Warrants have been exercised to date. The Company is seeking the approval of the Exchange to extend the expiry date of the Warrants to December 6, 2025. All other terms and conditions of the Warrants will remain the same.

About Aztec Minerals – Aztec is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico. The Tombstone project is an emerging gold-silver discovery with high grade CRD silver-lead-zinc potential in southern Arizona. Aztec’s shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).

Contact Information – For more information, please contact:

Simon Dyakowski, President & CEO, Director

Tel: (604) 685-9770
Fax: (604) 685-9744
Email: [email protected]

Website: www.aztecminerals.com

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements:

Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_452429154/2895/2024-05-15T19:00:19

(via TheNewswire)

Vancouver, British Columbia – TheNewswire – May 06, 2024 – Arizona Gold & Silver Inc. (TSXV:AZS) (OTC:AZASF) is pleased to share progress on reverse circulation (RC) drilling on the Philadelphia Gold-Silver Property, located in Mohave County, Arizona.

Mr. Greg Hahn, VP Exploration commented, “Drilling is testing the 400 metre strike length of the Resaca patented claim, a segment of the Philadelphia vein system that had not been previously drilled. The area being tested has 5-20 metres of alluvial cover. It is bounded to the north by old mine workings and to the south by extensive exposures of stockwork quartz on the Rising Fawn claim. Prior drilling on the Rising Fawn intersected thick intercepts of gold mineralization below stockwork quartz outcrops. Current drilling has intersected stockwork quartz in all 18 drill holes completed to date, a positive sign that gold mineralization continues beneath the alluvial cover”.

Click Image To View Full Size

Drilling Program

This program will complete drill testing of the shallow portion of the Philadelphia vein system to help establish priorities for deeper drilling. Drilling commenced the week of April 10 and has progressed southerly from the

the north end of the Resaca claim, immediately south of the historic R1 shaft. To date we have completed 18 holes along a strike length of some 300 metres. Quartz stockwork mineralization has been intersected in all holes with several holes intersecting the HW and FW veins that form the upper/lower limits to the stockwork zone. The stockwork zone ranges from 10 to 55 metres in thickness. Visible gold has occasionally been panned from selected drill cuttings.

Preliminary drill sections showing the holes completed and the extent of visible quartz stockwork mineralization are posted to the web site Philadelphia Property – Arizona Silver Exploration (arizonagoldsilver.com).

Samples from the first 14 holes have been delivered to the ALS sample preparation facility in Tucson Arizona where they will be analyzed for gold via fire assay and silver by 31-element ICP analysis.

The drilling crew will take a 10-day break and return mid-May to complete the proposed drilling program.

Qualified Person

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 (“NI 43-101″) and has reviewed and approved the technical information contained in this news release.

About Arizona Gold & Silver Inc.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia gold-silver property where the Company is drilling off an epithermal gold-silver system.

On behalf of the Board of Directors:

ARIZONA GOLD & SILVER INC.

Mike Stark, President and CEO, Director

Phone: (604) 833-4278

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.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2024 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company’s 2024 drilling program(s) on its properties, will not be consistent with the Company’s expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company’s future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration

activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company’s 2023-2024 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_451967361/2895/2024-05-06T12:25:21

(via TheNewswire)

May 1, 2024 – Calgary, Alberta – TheNewswire – Vencanna Ventures Inc. (the “Company” or “Vencanna“) (CSE:VENI and OTCQB:TPPRF) is pleased to announce that it has closed its previously announced acquisition of The Cannavative Group (“Cannavative”).

The acquisition of Cannavative, coupled with our ongoing developments in New Jersey, positions Vencanna’s shareholders opportunities in the U.S. cannabis market. The landscape of the U.S. cannabis market, including cannabis reform, has been evolving. On August 29, 2023, Human Health Services (“HHS“) forwarded a letter to the U.S. Drug Enforcement Agency (the “DEA“) recommending the reclassification of cannabis from Schedule I to Schedule III. This proposed change would eliminate the application of IRC 280E, a tax provision currently applicable only to Schedule I & II substances. Such a move would substantially alleviate the tax burden on U.S. state-compliant cannabis businesses, leading to increased cash flows for the sector. In a monumental announcement yesterday (April 30th), the Associated Press reported that the DEA’s decision to reschedule cannabis to a Controlled Substance Schedule III has been confirm, according to people familiar with the matter. The final decision is subject to approval by the White House Office of Management and Budget, which is effectively President Biden.

“We are tremendously excited to have closed this important transaction on the very day of the DEA’s decision to reschedule cannabis as a Schedule III Controlled Substance.” said David McGorman, Vencanna’s CEO. “The U.S. cannabis market continues to expand, and while the limited cannabis reform has impeded its full potential, that has allowed for grassroot operators like Cannavative to thrive and build a following. Cannavative has some of the bestselling brands in Nevada, which given their tourist industry exposes Cannavative’s products to a national audience. We eagerly anticipate integrating the Cannavative team and product development into our operations.”

Transaction Details

Vencanna acquired all of the outstanding membership units of Cannavative through an all-share exchange on April 30, 2024: Vencanna Acquisition Inc. (“AcquisitionCo“), a wholly-owned subsidiary of Vencanna, issued: (a) 56.8 million common shares of AcquisitionCo (“Exchangeable Shares“); (b) 10.6 million Exchangeable Share purchase warrants, each exercisable for one Exchangeable Share at an exercise price of C$0.10 for a period of 9 months, and (c) 12.5 million Exchangeable Share purchase warrants each exercisable for one Exchangeable Share at an exercise price of C$0.13 for a period of 18 months. The exchangeable securities are exchangeable, at the option of the holder, on a one-for-one basis for equivalent securities of Vencanna. Contingent upon the business of Cannavative achieving specific 2024 and 2025 financial milestones, holders of membership units will be eligible to receive up to 96.6 million additional earn-out units (“Earn-out Units“), each consisting of one Exchangeable Share and 0.5 of a Exchangeable Share purchase warrant, each such full earn-out warrant exercisable for one Exchangeable Share for 12 months from the date of issuance at an exercise price of the greater of C$0.10 and the market price at the time of issue (collectively, the “Transaction“). The maximum of 224.3 million equity securities are issuable pursuant to the Transaction, including earnout securities and other deal related securities.

The Company also announces that the principal amount and accrued interest on the convertible debenture issued by Vencanna on July 3, 2020 was converted in full on April 30, 2024 into a total of 41.4 million common shares of the Company (“Shares“) and 20.7 million Share purchase warrants, each warrant exercisable at C$0.075 for a period of 12 months. The Company now has approximately 278.6 million Shares, 43.4 million Share purchase warrants and 5.0 million options outstanding and up to 101.0 million Earn-out Units are issuable. The Company is debt-free with approximately C$4.0 million in cash on hand.

Further details regarding Cannavative and the Transaction are available in the listing summary of Vencanna dated February 23, 2024, which is available on SEDAR+ (www.sedarplus.ca) under Vencanna’s issuer profile.

Post-Transaction Management and Directors

Management and the board of directors is comprised of professionals from both entities, forming an integrated team capable of executing the Company’s forward-looking business plan. This plan includes expanding market penetration in Nevada, venturing into New Jersey, and exploring other potential investment opportunities. The Company is honoured to welcome Cannavative’s team, including Scott Wrye, as director, and Jason Crum, as Chief Revenue officer effective April 30, 2024. Matthew Christopherson and Smoke Wallin have stepped down from the board effective April 30, 2024. The board and management of Vencanna thank Messrs. Christopherson and Wallin for their invaluable insight, direction, and many contributions as directors. As directors, they were instrumental in guiding the Company through its numerous investments within the cannabis space, and including its acquisition of Cannavative. Vencanna thanks them for their many years of service and wishes them much success on their future pursuits. The Transaction marks a transformative shift for the Company, from a purely investment entity to include U.S.-based cannabis operations. The following outlines the Company’s core team and directors:

Jon Sharun, Executive Chairman & Interim CFO

Mr. Sharun is a co-founder and the current Executive Chairman and interim CFO of Vencanna. He has more than two decades of diverse experience in international investment, real estate, branding, and business development. As the founder and Managing Partner of Venexo Capital, a boutique private equity firm that has successfully raised over $100 million, he has spearheaded investments in healthcare, hospitality, and real estate. A pioneer in the cannabis sector, Venexo has made over 60 international placements. Jon is actively engaged on various private, public, and non-profit boards, earning recognition as a Top Forty Under 40 and a Top 100 in Finance award winner. His extensive list of qualifications includes an MBA, CPA, CSA, LEED AP, and ICD.D.

David McGorman, CEO & Director

Mr. McGorman, a co-founder and current CEO and director of Vencanna, brings a remarkable 25 years of experience from the financial industry. He has provided years of M&A and corporate structuring advice to clients, as well as leading their critical equity and debt placements. Mr. McGorman has held senior positions at prominent U.S. and Canadian financial institution, which has included The Chase Manhattan Bank, Raymond James Ltd., as well as serving as the CEO of Jennings Capital Inc. and Vice-Chairman at Research Capital Corp. Mr. McGorman is an alumnus of the University of Guelph, holding a Hon’s B.Sc. in Theoretical Physics, and earned his M.B.A. from the DeGroote School of Business.

Jason Crum, Chief Revenue Officer

Mr. Crum currently holds the positions of President and Chief Revenue Officer at Cannavative, bringing over two decades of diverse experience in Consumer-Packaged Goods (CPG) and Fast-Moving Consumer Goods (FMCG), specifically in alcohol sales management. His extensive background includes roles at industry giants like MillerCoors and Treasury Wine Estates, where he directly oversaw supply, distribution, and brand building in the beer and wine sectors. Jason’s expertise encompasses team development, strategic analytics optimization, and operational efficiency enhancements. Since joining Cannavative in 2019, he has played a crucial role in significantly expanding the company’s penetration in Nevada dispensaries and driving sales growth. Mr. Crum is an alumnus of UT Austin.

Alan Gertner, Independent Director

Alan Gertner, a founding director of Vencanna, currently holds the position of Vice Chair at IGaming Ontario, actively collaborating with the Government of Ontario and the Alcohol and Gaming Commission of Ontario to establish robust online consumer protection measures within the gaming industry., Alan served as the CEO of Hiku Brands and played a pivotal role as the co-founder of Tokyo Smoke, a globally acclaimed cannabis brand with an extensive network of retail stores across the country. The success of Hiku Brands and Tokyo Smoke culminated in their acquisition by Canopy Growth Corp. in July 2018. Prior thereto, Alan was a founding member of Google’s inaugural Global Business Strategy team, initially based in Mountain View California. His expanding role with Google saw him leading one of their prominent Asian divisions. Alan earned Dean’s list honors from the Richard Ivey School of Business.

W. Scott McGregor, Independent Director

Mr. McGregor, a founding director of Vencanna, has over two decades of corporate finance and capital market experience. Along with senior investment banking positions at Canada’s leading independent brokers, Scott has been Managing Director at Invest Alberta Corp, a Crown corporation committed to facilitating investment and fostering trade in the province of Alberta, as well as the Senior Vice President of Merrco Payments Inc., a cannabis focused payment services company. Mr. McGregor is an alumnus of Queens University, holding a B.A., and earned his M.B.A. from the prestigious Rotman School of Management.

Dr. Scott Wrye MD, Independent Director

Dr. Wrye, a co-founder and director of Cannavative, brings a wealth of expertise as a private practicing physician and specialist in Cosmetic, Plastic & Reconstructive Surgery based in Reno, Nevada. Early on he championed the cause of medical cannabis, actively educating and assisting numerous patients in northern Nevada to legally access medical cannabis. Beyond his community advocacy, Dr. Wrye has played a pivotal role in guiding Cannavative’s product and brand development. Dr. Wrye is a graduate of New York State University, College of Medicine.

About Cannavative

Established in 2016 as the first in Nevada to hold both cultivation and processing licenses, Cannavative stands as a distinguished cultivator and processor garnering shelf space in over 80% of the state’s retail outlets. They are a multiple award-winning cultivator and processor: Leaflink’s Top Brand in Nevada in 2021, a gold and silver medal at the 2020 Las Vegas Cannabis Awards, the 2019 Jack Herer Cup for their vape pen, and Leafly’s Best Flower Products brand in 2018. Cannavative offers an extensive range of extracted items, including the Motivator infused pre-roll and Resin8 vape.

Cannavative operates from a 40,000-square-foot facility, situated on an 8.5-acre site in Reno Nevada. The facility includes a 10,000 square feet pharmaceutical-grade extraction lab and kitchen. In addition to its in-door cultivation, there’s 2,800-square-foot high-tech light deprivation greenhouse, with significant expansion potential on the property.

Nevada is a major cannabis market in the U.S with sales over $880 million in 2022 according to the State of Nevada Department of Taxation. Nevada’s strong sales are supported by their tourism, with over 38 million visitors in 2022, according to the LVCVA Research Centre. The Nevada tourist industry, and Las Vegas in particular, offers Cannavative significant exposure for its national brand development.

About Vencanna

On September 24, 2018, the Company completed a recapitalization financing, appointed a new management team and board of directors, and commenced trading on the CSE as an investment issuer. The transactions transitioned the Company from an oil and gas issuer to a merchant capital firm, and rebranded as “Vencanna Ventures”. The Company’s continued aim is to be a go-to capital provider for early-stage cannabis initiatives. The Company focuses on strong management operating in strategic state-compliant jurisdictions, possessing unique characteristics and barriers to entry.

Vencanna Ventures is dedicated to offering investors a diversified and high-growth cannabis investment strategy. It proposes to achieve this through strategic investments and acquisitions spanning the entire cannabis value chain, encompassing cultivation, processing, distribution, retail, and ancillary businesses, with a particular focus in the Unities States of America.

For further information regarding this news release, please contact:

Vencanna Ventures Inc.

David McGorman

Chief Executive Officer and Director

Jason Ewasuik

Vice President, Originations

[email protected]

Reader Advisories

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly, and without limitation, this news release contains forward-looking statements and information concerning the pro forma business plan of the Company and Cannavative; the anticipated benefits of the Transaction; the market for adult-use cannabis in the United States; and the state of the adult-use cannabis market and U.S. regulatory changes in respect thereof.

The forward-looking statements are founded on the basis of expectations and assumptions made by the Company, including expectations and assumptions concerning: the future operations of, and transactions contemplated by, of the pro forma Company; the impact of increasing competition; timing and amount of capital expenditures; the legislative and regulatory environments of the jurisdictions where of the pro forma Company will carry on business, have operations or plan to have operations; the ability of the Company to enter into contracts with companies to provide financing on acceptable terms; conditions in general economic and financial markets; the ability of the Company’s investments to execute on their business plan; and the Company’s ability to obtain additional financing on satisfactory terms or at all. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used.

Although Vencanna believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Vencanna can give no assurance that they will provide to be correct. By its nature, such forward-looking information is subject to inherent risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Without limitation, these risks and uncertainties include: risks inherent in manufacturing and product development; actions and initiatives of federal, state and local governments and changes to government policies and the execution and impact of these actions, initiatives and policies; uncertainty caused by potential changes to regulatory framework; regulatory approval and permits; environmental, health and safety laws; risks associated with the cannabis industry in general; the ability of the Company to implement its corporate strategy; the state of domestic and international capital markets; the ability to obtain financing; and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities.

Readers are cautioned that the assumptions used in the preparation of forward-looking information, although considered reasonable at the time of preparation, may prove to be imprecise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and accordingly there can be no assurance that such expectations will be realized. Vencanna undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. The forward-looking information contained herein is expressly qualified by this cautionary statement.

Certain information contained herein has been obtained from published sources prepared by independent industry analysts and third-party sources (including industry publications, surveys and forecasts). While such information is believed to be reliable for the purposes used herein, Vencanna does not assume any responsibility for the accuracy of such information.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_451716804/2895/2024-05-01T09:30:43

(via TheNewswire)

Vancouver, British Columbia, April 11th, 2024 – TheNewswire — Atco Mining Inc. (“Atco” or the “Company“) (CSE: ATCM) (US: ATMGF) (Frankfurt: QP9) is pleased to announce that inaugural drilling activities are now complete at the 3,061-hectare Atlantic Uranium Project (“Atlantic” or the “Project“) highlighting anomalous radioactivity1 in all completed drill holes. Atlantic is situated in the prolific eastern Athabasca Basin, northern Saskatchewan (Figure 1). The Project is currently under option from Standard Uranium Ltd., an arm’s-length company listed on the TSX Venture Exchange (TSX-V: STND). Pursuant to the option, Atco can earn a 75-per-cent interest in the project over three years.

Highlights:

• Inaugural Success: Anomalous radioactivity (300 cps) was intersected in all five of the Company’s inaugural drill holes at the Atlantic Project, coinciding with prospective structural zones and favorable alteration including dravite-rich clays.

• Sandstone Basement-Hosted Radioactivity: Multiple zones of elevated radioactivity linked to the sub-Athabasca unconformity and basement structural zones were intersected, indicating a uranium-fertile system.

• Verified Targets: Massive structural disruption confirmed in the sandstone column and multiple wide (10 metres) brittle-reactivated graphitic shear zones confirm the main interpreted electromagnetic (“EM”) corridor on the western claim block which was not reached by previous operators. The inaugural program results have confirmed the Company’s exploration thesis on the Project, highlighting a uranium-fertile system with several kilometres of still untested strike length across the Project.

• Hydrothermal U Input: Uranium: Thorium (“U:Th”) ratios 3:1 measured with the handheld RS-125 Super-Spec suggest hydrothermal uranium input focused along structures.

• On Time Under Budget: Completion of 3,316 metres within 5 drill holes, surpassing meterage expectations both on time and under budget.

• Follow Up Targets Next Steps: Atlantic holds significant upside for discovery along the untested portions of the E-W conductor system. Supplementary geophysical surveys over the central claim blocks will provide further target areas for phase II and III drilling, along with the additional untested gravity low anomalies on the western block identified in 2022.

“I am very encouraged with the magnitude of the structure and alteration that has been encountered thus far. Combined with the anomalous radioactivity, we’re setting the stage for more success on the project” said Neil McCallum, director of Standard Uranium and Atco Mining. “We are already planning the next steps, so having this information will be an incredible addition to our exploration model.”

“Intersecting anomalous radioactivity across all five drill holes targeting a completely untested area on the Atlantic project is extremely encouraging. The results from this program have confirmed the presence of a significant structural framework on the property providing the ideal conditions for high-grade unconformity-related uranium mineralization,” said Sean Hillacre, Standard Uranium’s VP of Exploration. “The scale and intensity of deformation in the basement rocks we drilled this season is highly prospective and paired with the radioactivity and hydrothermal alteration intersected in the overlying sandstone, we are just in the beginning of uncovering the compelling story on the first of many target areas on Atlantic.”

The Atlantic project boasts all the key characteristics to host a high-grade unconformity-related uranium deposit, and the results of the inaugural drill program on the project have strengthened the validity of the exploration model. Follow up targets are being planned as geological data from the winter 2024 program is processed and interpreted. Core samples from the program have been submitted to Saskatchewan Research Council Geoanalytical Laboratory (“SRC”) in Saskatoon, for geochemical assay and results will be reported once received and examined by the technical team in accordance with the Company’s internal quality control processes.

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Figure 1. Regional summary map of the Atlantic Project highlighting uranium occurrences, historical and 2024 drill holes, geophysical anomalies, and EM conductors.

Technical Highlights:

The winter 2024 drill program comprised 3,316 metres of diamond drilling across 5 drill holes (Table 1). Two drill holes were restarted due to difficult ground conditions resulting from highly broken and desilicified sandstone intervals. Inaugural drilling intersected the key characteristics of a uranium-bearing mineralized system in previously untested “Target Area A” (Figure 2), confirming the presence of a significant graphitic fault system in the basement rock linked to anomalous radioactivity and prospective hydrothermal alteration at the unconformity. Handheld scintillometer and downhole gamma probe radioactivity results are summarized in Table 2.

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Figure 2. Map of the western Atlantic claim block, highlighting winter 2024 drill holes and historical drill hole BL-16-32. The geophysical target area is defined by a significant residual gravity-low anomaly coinciding with EM conductors dipping to the south.

Table 1. Atlantic winter 2024 drill hole collar summary. Easting and Northing coordinates are reported in UTM Zone 13N, NAD83 datum; EOH = end of hole; m.a.s.l. = metres above sea level.

DDH	Easting	Northing	Elevation (m.a.s.l.)	Azimuth ()	Dip ()	EOH (m)
ATL-24-001	519790	6498261	412	344.80	-69	599
ATL-24-002	519828	6498570	394	336.90	-67	641
ATL-24-003	520190	6498305	396	338.20	-74	588
ATL-24-004*	519851	6498546	388	336.20	-74	60
ATL-24-004A	519851	6498546	388	336.20	-74	657
ATL-24-005*	519936	6498584	398	335.90	-69	111
ATL-24-005A	519936	6498584	398	336.40	-69	660

* Restarted due to difficult ground conditions.

Table 2. Atlantic winter 2024 drill hole radioactivity summary. Scintillometer readings are taken from down-hole depths, gamma probe peaks are corrected survey depths.

DDH	From (m)	To (m)	Width (m)	Lithology	RS-125 Scintillometer			32GR Gamma Probe
					Min	Max	Avg.	Peak	Depth (m)
ATL-24-001	520.5	521.0	0.5	Sandstone	170	360	265	337	518.55
ATL-24-001	521.5	522.0	0.5		130	310	220
ATL-24-001	523.5	524.0	0.5		160	340	250
ATL-24-002	509.0	509.5	0.5	Sandstone	200	590	395	1,204	506.27
ATL-24-003	505.0	505.5	0.5	Sandstone	160	280	220	323	506.59
ATL-24-003	558.0	558.5	0.5	Basement	110	280	195
ATL-24-004A	530.0	530.5	0.5	Basement	100	560	330	1,082	530.18
ATL-24-004A	544.5	545.0	0.5		140	360	250
ATL-24-004A	550.0	550.5	0.5		140	370	255
ATL-24-005A	493.0	493.5	0.5	Sandstone	120	310	215	647	490.99
ATL-24-005A	494.5	495.0	0.5		180	450	315
ATL-24-005A	496.5	497.0	0.5		140	310	225

The Atlantic Project covers 6.5 km of an 18 km long, east-west trending conductive exploration trend which hosts numerous uranium occurrences. The Company completed a high-resolution ground gravity survey on the western claim block in 2022, revealing multiple subsurface density anomalies, potentially representing significant hydrothermal alteration zones in the sandstone rooted to basement conductors.

The drill program was designed to follow up on highly anomalous uranium results returned from drill hole BL-16-32, in addition to testing the newly outlined gravity lows defined by the 2022 ground survey. On the western Atlantic claim block, drilling by Denison Mines in 2016 (Hole BL-16-32) identified 342 ppm uranium over 0.5 metres at the base of the sandstone, just north of Target Area A. Winter drilling was focused in Target Area A which is defined by a 1,400-metre x 850-metre density-low anomaly coinciding with stacked EM conductors and an interpreted regional fault. Figure 2 highlights winter 2024 drilling focused on testing the 3D density anomaly target at the unconformity linked to basement EM conductors and interpreted fault trends. Core photos of prospective alteration, structure and radioactivity intersected during the inaugural drill program are presented in figures 3, 4 and 5.

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Figure 3. Core photos from drill hole ATL-24-002 highlighting significant structure and alteration intersected in the Athabasca sandstone and basement rocks. UC = Unconformity. A) Variably altered Athabasca sandstone throughout a highly structured interval above the unconformity (yellow box) hosting local anomalous radioactivity (red box) and dravite alteration at the UC. Maximum gamma probe reading of 1,204 cps at 506.3 m. B) Strongly deformed graphitic basement rocks displaying reactivation textures and variable alteration; 539 to 552.3 m.

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Figure 4. Core photos from drill hole ATL-24-004a highlighting basement structure and alteration zones intersected associated with anomalous radioactivity. A) Anomalous radioactivity up to 1,082 cps associated with a cross-cutting hematite-altered vein at 530.3 m. B) Anomalous radioactivity up to 314 cps associated with a hematite-altered breccia at 549.7 m. C) Anomalous radioactivity up to 483 cps associated with a hematite- and clay-altered vein at 544.2 m. D) Anomalous radioactivity up to 428 cps associated with a hematite-altered breccia and clay-lined fractures at 548.7 m.

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Figure 5. Core photos from drill hole ATL-24-005a highlighting structure and alteration intersected in the Athabasca sandstone and basement rocks. A) Subvertical fault structure filled with a clay-hematite matrix; 410.5 to 411.5 m. B) Subvertical fault structure filled with a white clay matrix; 483.4 to 483.7 m. C) Anomalous radioactivity in the basal Athabasca sandstone up to 647 cps at 491 m. D) Strongly deformed graphitic basement rock overprinted by cataclasis and associated clay alteration; 540.0 to 540.3 m.

Samples collected for analysis have been sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS multi-element analysis using total and partial digestion, gold by fire assay and boron by fusion. Sandstone samples were tested using the ICP-MS1 uranium multi-element exploration package plus boron. Basement samples were tested with ICP-MS2 uranium multi-element exploration package plus boron. All sandstone samples, and basement samples marked as radioactive upon arrival to the lab were also analyzed using the U3O8 assay (reported in wt %). Basement rock split interval samples range from 0.1 to 0.5 m and sandstone composite samples are comprised of multiple equal sized full core “pucks” spaced over the sample interval. SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats were inserted into the sample stream at regular intervals in accordance with Standard Uranium’s quality assurance/quality control (QA/QC) protocols. Samples containing clay alteration have been sent to Rekasa Rocks Inc. in Saskatoon, Saskatchewan to be analyzed by Short Wavelength Infrared Reflectance (“SWIR”) via a Portable Infrared Mineral Analyzer (“PIMA”) to verify clay species. Geochemical assay results will be released as they are received and examined by the technical team in accordance with the Company’s internal quality control process.

1 The Company considers radioactivity readings greater than 300 counts per second (cps) to be “anomalous”.

2 The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be “high-grade”.

3Natural gamma radiation in diamond drill core reported in this news release was measured in counts per second (cps) using a handheld RS-125 super-spectrometer and verified using a down-hole Mount Sopris 32GR slim gamma probe. The 32GR gamma probe has been calibrated to optimize the probe for uranium exploration logging and estimating weight percent U3O8 content. Readers are cautioned that scintillometer and gamma probe readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals. All drill hole intersections are measured down-hole. Core interval measurements and true thicknesses are yet to be determined.

The scientific and technical information contained in this news release, including the sampling, analytical and test data underlying the technical information contained in this news release, has been reviewed, verified, and approved by Neil McCallum, P.Geo., director of both Atco Mining and Standard Uranium, and a qualified person as defined in National Instrument 43-101.

Private Placement

The Company is also pleased to announce that it has closed a final tranche of its non-brokered private placement and has issued 3,635,463 non-flow-through units (each, an “NFT Unit“) at a price of $0.05 per NFT unit for gross proceeds of $181,773. Each NFT Unit consists of one common share of the company and one transferable common share purchase warrant, entitling the holder thereof to purchase one additional share at a price of $0.15 until April 11, 2026.

The Company intends to use the net proceeds raised from the offering for exploration expenses in respect of the Company’s existing exploration projects and for general working capital purposes.

In connection with closing of this final tranche of the offering, the Company did not pay any finders’ fees. All securities issued in connection with the final tranche are subject to a statutory hold period until August 12, 2024, under applicable Canadian securities laws.

About Atco Mining (CSE: ATCM):

Atco is a junior exploration mining company focused on exploring for green energy metals throughout Canada. Atco is exploring for uranium in the Athabasca Basin as well as salt opportunities in Western Newfoundland. Investors are encouraged to visit the company’s website here: www.atcomining.com

For further information contact:

Atco Mining Inc.

Email: [email protected]

Telephone: (604) 681-0084

www.atcomining.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release. The Canadian Securities Exchange has not in any way approved nor disapproved the contents of this news release.

FORWARD LOOKING STATEMENTS:

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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COMTEX_450688747/2895/2024-04-11T08:01:25

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April 11, 2024 – TheNewsWire – Global Stocks News – On April 5, 2024 BacTech Environmental (CSE: BAC) (US-OTC: BCCEF) announced that it has filed an expanded patent application for industry’s first zero-waste bioleach process using green technology for metals recovery and fertilizer and steel production from sulphide minerals.

BacTech has developed an eco-friendly bioleaching process to recover metals like gold, silver, cobalt, nickel, and copper, while removing harmful contaminants like arsenic.

The proprietary process uses bacteria to neutralize toxic concentrates and tailings while creating revenue streams from precious and base metals.

BAC’s technology is in sync with the mining industry’s desire to attract younger environmentally conscious investors.

“Global ESG assets are $30 trillion, and on track to surpass $40 trillion by 2030,” reports a January 2024 ESG report from Bloomberg Intelligence.

“Investors’ desire to have more control and align their investments with their personal views is a major long-term shift that is still in the early innings,” states David Botset, at Schwab Asset Management.

“BacTech’s IP development path specifically aligns with broader trends across mining and steel industry operations, consistent with continued public and policymaker calls to shift processes and reduce carbon emissions,” confirms Ross Orr, President, and CEO of BacTech.

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Key April 5, 2024 BacTech Highlights:

• Company files expanded Provisional Patent Application for zero-waste bioleach process Intellectual Property (IP).

• Engineered for eco-friendly nickel, copper and cobalt recovery from pyrrhotite and pyrite tailings, new zero-waste IP introduces novel methods for transforming remaining waste compounds into valuable, alternative green commodities.

• Zero-waste IP now optimized to convert soluble iron into iron metal (produced on-site or as a feedstock to green steel making) and to create ammonium sulphate fertilizer from bioleach acid (sold as organic fertilizer).

• Independent estimates suggest approximately 80 to 100 million tonnes of pyrrhotite tailings in the Sudbury, Ontario region alone (pyrrhotite and pyrite waste is common to many mining operations).

• Testing and Collaboration with MIRARCO (Mining Innovation, Rehabilitation, and Applied Research Corporation) continues for pilot-scale bioleach circuit testing in Sudbury.

“The proprietary technology is appropriate to the commercial interests of non-ferrous metal production, steel making and fertilizer production which are all traditionally siloed as separate industries,” stated CEO Ross Orr.

“We believe our zero-waste metals recovery IP will emerge as a defining solution,” continued Orr. “By diversifying the range of products derived from these projects, BacTech aims to reduce dependence on long-term metal prices as the primary drivers for investment in remediation efforts while treating pyrrhotite and pyrite waste streams from current operations.”

BacTech plans to capitalize on fostering both sustainability and profitability in the industry by creating land value previously occupied by a legacy of mining industry waste.

Applicable to the treatment of existing pyrrhotite or pyrite tailings or streams from current operations, the primary products delivered through the new zero-waste, low-carbon bioleach processes specifically include:

• Mixed nickel/cobalt precipitate.

• Copper precipitate.

• On-site iron metal production via electrowinning or iron pellets for off-site conventional iron manufacturing or green steel making.

• Ammonium sulphate fertilizer.

• Additional minor by-products such as magnetite powder and geopolymers silica for construction material or mine backfill.

The technology can also be adapted to recover precious metals and platinum group elements present in low grade pyrite feedstocks.

BacTech is confident that the new IP enhances project value by enabling the production of multiple products previously unattainable through conventional bioleach processing. Zero or minimal waste from remediation operations also converts previously unusable land into valued assets.

The core BacTech technology is described here:

“We have a strong shareholder base,” Orr told Guy Bennett, CEO of Global Stocks (GSN) News. “One gentleman contacted me about nine years ago. He believes in our our vision and subsequently purchased 10 million shares. He has a network that he calls ‘The Millionaires Club’. About 60 of them purchased another 1 million plus shares. Some of those shares are in TFSA accounts for their grandkids. We are fortunate to have loyal long-term share-holders.”

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In November, 2023 BAC was granted its Consultation Permit. This approval allowed BacTech to move forward with plans to develop a bioleach processing facility in Tenguel, Ecuador.

“With all major permits now secured and in place, BacTech will finalize the terms with Analytica Securities to launch the previously announced $US20M Green/Social bond issue to finance the construction of the bioleach plant at Tenguel,” reported BAC.

“Of the total funds raised, approximately $17 million will be allocated to the capital portion of the bioleaching facility construction, with the remaining $3 million dedicated to financing the purchase of concentrates from local miners and supporting the local economy.”

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To ensure transparency and adhere to global best practices, BacTech launched its Sustainable Bond Framework for issuing Green and Social bonds, aligning with the International Capital Market Association’s (ICMA) Green Bond Principles (GBP) 2021 and Social Bond Principles (SBP) 2023.

The company also received an independent Second Party Opinion (SPO) from Moody’s Investors Service, granting BacTech a Sustainability Quality Score of SQS2 (Very Good), recognizing the company’s significant contribution to sustainability.

BAC intends to build a 50 tonne/day bioleach plant capable of treating high gold/arsenic material. Such a plant, processing feed with 1.75 ounces of gold per tonne, similar to what local miners provide, would yield approximately 31,000 ounces per year.

The modular plant designs allow for expansion without disrupting ongoing production. BacTech has also signed an International Protection Agreement (“IPA”) with the government for a Phase 2 plant that would add 150-200 tpd of capacity, producing more than 100,000 ounces per annum. Part of the agreement calls for BacTech to be non-taxable for 12 years.

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“We have agreements in place with four Ecuadorian miners,” Orr told GSN. “These are not tiny artisanal miners. One of them has 400 employees. They currently sell to the Chinese, getting about 45-50 cents on the dollar for their gold content in the concentrates, depending on the arsenic levels.”

“We think we can offer the local miners a much better deal, treating the concentrates domestically, removing the arsenic before it leaves Ecuador.”

“The financial metrics on the Ecuador project are robust,” continued Orr. “We have a 12-year tax holiday. The feasibility study projects that, at $2,200/ounce gold, the annual profit will be equal to the capex of $17 million. Every $100/ounce rise in the price of gold adds a million dollars to the to the bottom line.”

This area of Ecuador hosts over 100 small mines, and BacTech is actively exploring the possibility of establishing modern bioleaching facilities in other regions of Ecuador, Peru, and Colombia.

The Accenture Global Institutional Investor Study of ESG in Mining surveyed decision-makers at 200 public and private institutional investment firms with mining assets in their portfolio valued at approximately US$847 billion.

The survey revealed that 59% of investors want miners to aggressively pursue ESG initiatives, and 63% of investors would be willing to divest or avoid investing in mining companies that fail to meet ESG and decarbonization targets.

MIRARCO (Mining Innovation, Rehabilitation, and Applied Research Corporation), has set up a pilot-scale bioleach circuit in Sudbury to conduct test work on BacTech’s technology.

BacTech presents an opportunity for ESG investors to buy shares in an innovative mining-related company that is positioned to do good things for the environment while generating a profit.

Contact: [email protected]

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COMTEX_450688431/2895/2024-04-11T08:00:26