Author: TheNewswire.com

(via TheNewswire)

April 10, 2024, TheNewswire, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the “Company“, or “VR“, is pleased to announce that the drill is turning on its maiden drill program on its New Boston polymetallic copper-moly-silver porphyry system in west-central Nevada (see photo in Figure 1).

The program is planned around 2 – 4 drill holes, for between 1,500 and 2,000 metres in total, projected to take approximately one month to complete, with assays expected through May and June.

Water supply, heavy equipment services, and camp are all located just six kilometres from the drill, with access off state highway I95.

Strategy

The drill program is the result of two years of field-based mapping and sampling by VR, and the utilization of four, state-of-the-art geophysical surveys completed in succession, and utilizing technologies not available during the main period of exploration at New Boston from the mid-1960s through the late 1970s. For example, this drill program will focus on the new, East Zone conductor as delineated by the 3D array, DCIP survey completed in 2023 (see Figure 2).

Historic drill holes located to both the east and the south of the west-plunging East Zone conductor are peripheral in nature, based on: conductivity anomaly; potassic alteration; hyperspectral mineralogy, and; surface copper and trace element geochemistry. Yet, they produced intersections including 279 ft @ 0.24% Cu, including 59 ft @ 0.38% Cu, starting at surface.

Look at the cross-section in Figure 3. The large volume DCIP conductor at East Zone is the inferred source of the copper intersected in the historic peripheral drill holes, copper that migrated up-dip to the south in the host limestone stratigraphy. As such, our goal is to drill-test the East Zone conductor itself for the strongest concentrations of conductive copper sulfide in multi-phase quartz vein stockworks.

The long-section in Figure 4 demonstrates the potential for hole NB24-001 shown in Figure 1:

1. The drill hole is literally starting in quartz vein rubble with copper sulfide and copper oxide at surface, grading up to 1.7% copper in hand samples, and;

2. Our planned drill holes at East Zone stay within the structural, stratigraphic and 3D conductivity models for copper mineralization for their entirety.

From VR’s CEO, Dr. Michael Gunning, “This is our tenth year of continuous and active exploration in Nevada, and our 6th drill program in advancing five separate greenfields properties in succession. As a result: we know the porphyry geology of western Nevada; we understand how new exploration technologies can build on historic exploration, and; we know the service companies and logistics in the state. In short, our VP Exploration, Justin Daley will tell you this is both the most efficient set-up we have ever had, and the best copper target we have ever had, exposed on surface and never previously drilled.

We look forward to providing further updates as our drilling progresses. In concert with the strengthening price in copper as the Green Economy emerges, New Boston’s time has arrived.

Field Videos

A short video from several previous site visits are available on the New Boston Project Page on the Company’s website at www.vrr.ca. Also, on the Home Page itself, is a 20 minute video overview of the New Boston project and drill targets, illustrated in PowerPoint.

Technical Information

Summary technical and geological information for the Company’s various exploration properties including New Boston is available at the Company’s website at www.vrr.ca.

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, P.Geo., VP Exploration and a non-independent Qualified Person oversees and/or participates in all aspects of the Company’s mineral exploration projects, and the content of this news release has been reviewed on behalf of the Company by the CEO, Dr. Michael Gunning, P.Geo., a non-independent Qualified Person.

About the New Boston Property

Location

New Boston is within the Walker Lane mineral belt and structural province in west-central Nevada. More specifically, it is within the co-spatial belts of Jurassic – and Cretaceous-aged copper and moly porphyry deposits, including the Yerington camp and Hall deposit.

New Boston is located in the Garfield Range in Mineral County, approximately 150 km southeast of Reno. Vegetation is sparse in the range; outcrop or colluvium predominate on the property itself, with quaternary cover developed off its eastern border and eastern flank of the range.

The property location facilitates cost-effective exploration, year-round. Access is from the nearby town of Luning, located just 5 km to the east on State Highway 95 connecting Reno and Las Vegas. The property itself is criss-crossed by a myriad of active, historic trails and roads which are reachable from the highway.

Property Description

The New Boston property is large: it consists of 77 claims in one contiguous block approximately 3 x 5km in size and covering 583 hectares in total (1,441 acres). It covers the entire extent of the known copper-moly-silver porphyry-skarn mineral system exposed on surface between Blue Ribbon and East Zone, and its inferred down-dip potential to the north.

The property is on federal land administered by the Bureau of Land Management (BLM). There are no state or federal land use designations, or privately-owned land which impede access to the property; nor is the property within the BLM’s broadly defined area of sage grouse protection.

The property is owned 100% by VR. There are no underlying annual lease payments; nor are there any joint venture or back-in interests. The vendor of the property retains a royalty.

About VR Resources

VR is an established junior exploration company based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR evaluates, explores and advances large-scale, blue-sky opportunities in copper, gold and critical metals in Nevada, USA, and Ontario, Canada. The Company has also made Canada’s newest diamond discovery in northern Ontario, and controls a new field of kimberlite targets around it. VR applies modern exploration technologies and leverages in-house experience and expertise in greenfields exploration to large-footprint mineral systems in underexplored areas/districts. The foundation of VR is the proven track record of its Board in early-stage exploration, discovery and M&A. The Company is well-financed for its mineral exploration and corporate obligations. VR owns its properties outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.

ON BEHALF OF THE BOARD OF DIRECTORS:

“Michael H. Gunning”

____________________________

Dr. Michael H. Gunning, PhD, PGeo

President & CEO

For general information please use the following:

Website: www.vrr.ca
Email: [email protected]
Phone: 778-731-9292

Forward Looking Statements

This news release contains statements that constitute “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this document include statements concerning VR’s plans to drill its New Boston property, the current price strength of copper, and all other statements that are not statements of historical fact.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company‘s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; and other assumptions, risks and uncertainties.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

This news release may also contain statements and/or information with respect to mineral properties and/or deposits which are adjacent to and/or potentially similar to the Company’s mineral properties, but which the Company has no interest in nor rights to explore. Readers are cautioned that mineral deposits on similar properties are not necessarily indicative of mineral deposits on the Company’s properties.

Trading in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review them.

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

—–

Click Image To View Full Size

Figure 1. Photo of the drill on April 8th, 2024, on the pad for drill hole NB24-001 at New Boston. Quartz vein rubble with blue and green copper oxide is in the foreground. View is east, with state highway I95 connecting Reno and Las Vegas in the main valley in the background.

Click Image To View Full Size

Figure 2. DCIP plan map with IP isoshells overlain on a conductivity depth slice base map. The IP anomaly at Jeep Mine is cored by increasing conductivity at depth; New Boston is a low-pyrite system, so the low mV/V chargeabilities are consistent with base metal sulfide. The East Zone conductor plunges westerly, with copper-bearing gossans occurring in the East Zone bowl where it comes to surface (see Figures 3 and 4). White arrows are schematic traces for drill holes planned by VR in 2024 across the New Boston mineral system, starting with the East Zone conductor where there are no historic drill holes.

Click Image To View Full Size

Figure 3. North-south cross-section through the 3D conductivity model shown on plan map in Figure 2. Note soil with up to 0.8% Cu above East Zone conductor, which is modeled as the source for the copper which has migrated up-dip in limestone strata to surface at the CCT showings. Notice the strong correlation between copper and the small conductor in historic drill hole PNB5c; the much larger East Zone conductor plunges 900 meters into the plane of this page, and is open to depth, with no historic drill holes into it, period.

Click Image To View Full Size

Figure 4. View north at east-west long section through the 3D conductivity model shown on plan map in Figure 2. Copper-silver veins on surface along the central GW fault and gossan trace (see Figure 2) emanate vertically upwards from a potential source porphyry stock where the Jeep Mine and East Zone conductors converge. Shown schematically is the drill trace for the first hole planned in 2024 by VR; the East Zone conductor is new, with no historic drill holes into it, period.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450631894/2895/2024-04-10T07:30:28

(via TheNewswire)

Brossard, Quebec, APRIL 10, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH;

OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, today announced that an essential component for the storage of green hydrogen have been built and is ready for transport to its flagship green hydrogen site, located in the City of Sorel-Tracy, Quebec along Highway 30’s “Steel Highway.” News of the upcoming equipment delivery quickly follows CHARBONE’s recent strategic priorities announcement and stated intent to have its green hydrogen production facility operational this summer.

State-of-the-art storage tubes, fabricated by one of North America’s top high-pressure tube manufacturers out of Littleton, Massachusetts, were engineered to manage significantly higher pressures than others found in market. CHARBONE’s compression standards were selected in order to increase and optimize safe storage capacity, while ultimately reducing transportation and delivery costs. The different hydrogen production components for the Sorel-Tracy project were ordered and secured with down payments already made.

Arrival of Large-Scale, High-Pressure Hydrogen Storage Tubes Being Coordinated with Onsite Construction Schedule

“After years of intensive and hard work, CHARBONE is hitting another important milestone today with the delivery of this first component for our flagship Canadian project,“ said Dave Gagnon, CEO of Charbone. “Our unique approach to modular green hydrogen plant development allows us to move fast. Now just months away from launching production, I’m proud of our team’s dedication, and also want to acknowledge and thank investors, shareholders and our families for their strong and unwavering support.”

The Sorel-Tracy Green Hydrogen Project will serve as the Company’s flagship facility, giving Charbone a first-mover advantage with production starting Q3-2024. Following a phased approach, and gradually accelerating to produce approximately 200 kg per day once reaching initial full capacity, the facility is targeting industrial uses and replacing gray hydrogen with a clean, and reliable, renewable alternative to hydrogen produced from fossil fuels.

Charbone is now preparing to set up a delivery schedule for the other production and storage equipment.

About CHARBONE Hydrogen Corporation

CHARBONE is an integrated green hydrogen group focused on delivering a network of modular green hydrogen production facilities across North America. Using renewable energy sources to produce green (H2) dihydrogen molecules and eco-friendly energy solutions for industrial, institutional, commercial and future mobility users, CHARBONE plans to scale and deliver green hydrogen production facilities in both the US and Canada by 2024, with an additional 14 facilities planned by 2030. CHARBONE is the only publicly traded pure-play green hydrogen company with common shares trading on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit www.charbone.com

Forward-Looking Statements

This news release contains statements that are “forward-looking information” as defined under Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Contacts Charbone Hydrogen Corporation
Dave B. Gagnon
Chief Executive Officer and Chairperson of the Board
CHARBONE Hydrogen Corporation
Telephone:	+1 450 678-7171
Email:	[email protected]
Daniel Charette
Chief Operating Officer
CHARBONE Hydrogen Corporation
Telephone:	+1 450 678-7171
Email:	[email protected]
Benoit Veilleux
Chief Financial Officer and Corporate Secretary
CHARBONE Hydrogen Corporation
Telephone:	+1 450 678-7171
Email:	[email protected]

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450631751/2895/2024-04-10T07:25:42

(via TheNewswire)

Vancouver, British Columbia, April 10, 2024 – TheNewswire – Arizona Gold & Silver Inc. (TSXV: AZS) (OTCQB:AZASF) announces that equipment is on site for reverse circulation (RC) drilling on the Philadelphia Gold-Silver Property, located in Mohave County, Arizona.

Mr. Greg Hahn, VP Exploration commented, “We are excited to resume drilling on the Philadelphia property. This round of drilling will test the entire 400 metre strike length of the Resaca patented claim, a segment of the vein system that has never been drilled before. This is despite the presence of old high grade mine workings at the north end of the claim. Similarly, there is reported high grade in a historic vein intercept at the south end of the area to be drilled (on the adjacent Rising Fawn claim). The overall objective of this drilling program is to complete drill testing of the shallow portion of the vein system and help establish priorities for drilling down dip.”

Click Image To View Full Size

Proposed Drill Program

Reverse circulation (RC) drilling will commence on the north end of the Resaca claim, immediately south of the historic R1 shaft, which is the southernmost shaft to access historic mine workings. It will then progress southward.

Click Image To View Full Size

Historic channels samples from 1930 along the R1 shaft down to the water table at the 100-level returned 21.34 metres (“m”) at an average grade of 8.33 grams per tonne (“g/t”) gold (0.242 opt Au). Such grades were the target of historic mining activity. Company geologists have determined that this shaft followed the hanging wall (“HW”) vein above both the stockwork interval and FW vein. The HW vein is buried by alluvium to the south of the R1 shaft.

Company channel sampling at surface has traced the footwall (“FW”) vein and returned a 3m interval grading 11.6 g/t gold and 658 g/t silver. Furthermore, sampling has established that excellent mineralization continues along the entire length of the ridge that forms the center line of the Resaca claim.

In 1982 Meridian Minerals drilled a RC hole near the claim boundary of the Resaca claim (on the Rising Fawn patented claim). The drill hole intersected 32.1m at 1.0 g/t gold, including a FW vein assay of 1.5m at 22.8 g/t gold. The Meridian hole did not go deep enough to intersect the entire stockwork zone and the HW vein: it was drilled from the west to the east.

An Arizona Department of Transportation (ADOT) vertical drill hole in the vicinity of our first fence of holes intersected good stockwork quartz in both rhyolite and granite, including green quartz at the top of the interval (the HW vein?) from 9.8m to 64.6m, beginning immediately below alluvium. The hole was drilled to test for unknown extensions to underground workings that could be a hazard to a then proposed new road alignment. It was not assayed and no workings were encountered. The Resaca claim is shown in the accompanying figure.

Harris Exploration Drilling, a division of Earth Drilling, has been selected for the drilling. The RC drill rig and support equipment is on site with drilling scheduled to commence this week. A total of 2,440m in 26 holes is budgeted for the program. Samples will be transported to ALS sample preparation facility in Tucson Arizona by an independent contractor and analyzed for gold via fire assay and silver via 31-element ICP analyses.

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 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 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_450630650/2895/2024-04-10T07:01:59

(via TheNewswire)

Calgary, AB – TheNewswire – April 10, 2024 – Universal Ibogaine Inc. (TSXV:IBO) (“UI” or the “Company“), a life sciences company with a mission to research and deliver medicalized ibogaine-centered addiction care, is pleased to announce that it has closed its previously announced (see News Release of February 22) non-brokered private placement offering of common shares (the “Offering“) and has issued 57,557,600 common shares at a price of $0.01 per share for gross proceeds of $575,576.

The proceeds from the Offering are intended to be used in advancing the Company’s planned ibogaine-based clinical trial application process with Health Canada, and for general working capital purposes.

All securities issued in connection with the Offering will be subject to a four?month hold period as required by the rules of the TSX Venture Exchange and Canadian Securities Laws, as well as any required hold periods under US Securities Laws for US resident purchasers.

About Universal Ibogaine Inc.

UI is a life sciences company, with a mission to transform addiction treatment using medicalized ibogaine through a planned Canadian clinical trial focused on opioid use disorder, and ultimately to utilize that treatment protocol globally through planned future licensing agreements. UI is concurrently developing a state of the art holistic addiction treatment protocol at its Kelburn Recovery Centre (located near Winnipeg, Manitoba) that, which when paired with the planned ibogaine detox protocol, is intended to revolutionize the way we treat addiction and drastically improve the lives of individuals and families affected by addiction.?

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

??This news release may contain forward-looking statements and information. Forward-looking information is frequently characterized by words such ??as “plans”, “planned”, “expect”, “project”, “intends”, “intended” “will”, “believe”, “anticipate”, “estimate”, “scheduled”, ????”potential”, or other similar words, or statements that certain events or conditions “may”, “should” or ????”could” occur. The forward-looking statements and information are based on certain key expectations ??and assumptions made by UI at the date the statements are made. Although UI believes that the expectations and assumptions on which the forward-??looking statements are based are reasonable, undue reliance should not be placed on the forward-??looking statements because UI can give no assurance that they will prove to be correct.

Since ??forward-looking statements address future events and conditions, by their very nature they involve ??inherent risks and uncertainties. Actual results could differ materially from those currently anticipated ??due to a number of factors and risks, which include, but are not limited to, risks that required ??regulatory approvals are not obtained. The reader is cautioned that assumptions used in the ??preparation of such information, although considered reasonable by UI at the time of ??preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on ??forward-looking information, which speaks only to conditions as of the date hereof. UI does not ??undertake any obligation to release publicly any revisions to forward-looking information contained ??herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence ??of unanticipated events, except as may be required under applicable securities laws. ??

Additional information identifying risks and uncertainties that could affect financial results and the Company is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com

For further information:

Nick Karos, CEO

Universal Ibogaine Inc.

612-309-3527

[email protected]

Investor Relations: Dugan Selkirk, IR Manager

[email protected]

Related Links

https://universalibogaine.com

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450630585/2895/2024-04-10T07:01:24

(via TheNewswire)

Calgary, Alberta / TheNewswire / April 10, 2024 – Impact Analytics Inc. (“Impact Analytics” or the “Company”) (CSE: PACT), a risk assessment, data intelligence and financial services platform powered by AI, is pleased to announce the launch of its Secure Data Vault (“SDV“) product offering, intended for enterprise users. The SDV, accessible at www.impactrisk.ai/sdv, represents an important step for Impact. The SDV allows the Company to offer secure computing and data storage to enterprise users seeking data storage solutions, while also allowing the Company to host its applications currently under development, such as Lana Cash, Credissential and the PACT Platform (formerly the Lana Platform).

The hardware used to store the data for the SDV is housed at Hurricane Electric LLC’s facilities (the “Hurricane Electric Facilities“) pursuant to the co-hosting services agreement that the Company is a party to. Currently, the Company has initially dedicated 250 terabytes of space for the SDV and as demand increases, the Company can increase the terabytes available by allocating more bandwidth from existing hardware stored at the Hurricane Electric Facilities or by acquiring additional hardware. Through the SDV, the Company aims to ensure security for all types of digital data, whether in transit or while such data is being stored. Available to users as dedicated server space or as a cloud solution, the SDV aims to be a secure data storage environment, eliminating potential shared data storage risks.

SDV is designed to compete with service providers who provide web service, data storage and cloud object storage. Pricing for the SDV can be found on the Company’s website at www.impactrisk.ai/sdv. The Company may also offer bespoke solutions on a case-by-case basis depending on enterprise needs.

CEO Appointment and Director

The Company is also pleased to announce that it has appointed Mr. Colin Frost as Chief Executive Officer and director of the Company.

Mr. Frost has extensive experience in creating digital and physical consumer products. Notable places of work include Heidrick and Struggles and Experian Consumer Services. Outside of the digital world, Mr. Frost has been involved with multiple creative ventures in the automotive space. Mr. Frost is a proud alumnus of California State University, Fullerton.

Colin Frost, CEO of Impact Analytics, stated: “I am excited to join Impact Analytics and further expand on the Company’s development and commercialization efforts. With the launch of the SDV, Impact Analytics is poised to convert enterprises from tenants to landlords of their data storage.”

Furthermore, the Company announces that Mr. Eric Entz has resigned as Chief Executive Officer and a director of the Company. Mr. Entz is thanked for his service in these capacities and will continue on with the Company as Vice President of Business Development and Communications.

About Impact Analytics

Impact Analytics is a risk assessment, data intelligence and financial services platform powered by AI. The Company is building a proprietary product stack to optimize and streamline financial decision making for enterprises and individuals. Learn more at https://www.impactrisk.ai/.

ON BEHALF OF THE BOARD OF DIRECTORS

Chief Executive Officer Colin Frost

Head Office 2004 Sherwood Drive Sherwood Park, AB T8A 0Z1

Telephone +1 (587) 208 4044

Email [email protected]

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-Looking Information

Certain information in this news release may constitute “forward-looking” information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this news release, this information may include words such as “anticipate”, “estimate”, “may”, “will”, “expect”, “believe”, “plan” and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this news release.

Forward-looking statements in this news release include, but are not limited to, the SDV and expected results, the amount of space available in the future under the SDV, potential users of the SDV, commercialization plans in Canada for the use of the SDV (including pricing in Canada), future plans of the SDV and the future plans of the Company, business plans, objectives and strategy. Forward-looking statements are inherently risky and the information and plans disclosed therein may not come to fruition as contemplated or at all.

Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Corporation’s Management Discussion and Analysis, which can be found on SEDAR+ at www.sedarplus.ca.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450630445/2895/2024-04-10T07:00:27

(via TheNewswire)

April 9, 2024, London, Ontario – Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) (FSE:4KG) (“Abitibi” or the “Company“) is pleased to announce that it has closed its non-brokered private placement (the “Offering“) raising gross proceeds of $7,109,021.70 through the issuance of (i) 5,940,723 charity flow-through common shares (“CFT Shares“) priced at C$0.86 per CFT Share, and (ii) 4,761,904 common shares (the “Shares“) priced at C$0.42 per Share.

Jonathon Deluce, CEO of Abitibi, stated, “The successful closing of this Offering marks a pivotal moment for Abitibi as we are now in a position to complete the full option agreements at both B26 and Beschefer without further funds. This Offering is a major milestone, supporting the market’s confidence in the potential of Abitibi. The overwhelming support from our shareholders, once again allowing us to raise capital with no warrants for a third straight financing, provides the foundation for aggressive growth as we continue to develop our key assets and deliver value for all stakeholders.”

Mr. Deluce continued “With a treasury of approximately $19 million and 40,000 metres still ahead of us at B26 and Beschefer, Abitibi is in a unique position of financial strength in this market as a fully funded company through 2025. The start of 2024 has marked the beginning of a bullish environment for gold and copper, allowing high-grade projects like ours to thrive.”

The CFT Shares qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act“).

The gross proceeds from the Offering of the CFT Shares will be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Tax Act) related to the Company’s projects in Quebec. Gross proceeds from the Offering of the Shares will be used for general and administration expenses including funding for the PEA obligation, property option payments, and to scale up marketing & awareness initiatives.

The Company paid finders fees totaling $277,944.19 cash and 245,550 finder’s warrants (the “Finder’s Warrants“) in connection with the closing of the Offering to various eligible finders. The Finder’s Warrants are exercisable at C$0.86 per Share for a period of 24 months from the closing date of the Offering. Eventus Capital Corp. was appointed as the lead finder in connection with the Offering.

The securities issued in connection with the Offering are subject to the Company’s filing requirements with the Canadian Securities Exchange, and all securities will be subject to a four-month statutory hold period after closing.

ON BEHALF OF THE BOARD

Jonathon Deluce, Chief Executive Officer

For more information, please call 226-271-5170, email [email protected], or visit https://www.abitibimetals.com.

The Company also maintains an active presence on various social media platforms to keep stakeholders and the general public informed and encourages shareholders and interested parties to follow and engage with the Company through the following channels to stay updated with the latest news, industry insights, and corporate announcements:

Twitter: https://twitter.com/AbitibiMetals

LinkedIn: https://www.linkedin.com/company/abitibi-metals-corp-amq-c/

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statement:

This news release contains certain statements, which may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information involves statements that are not based on historical information but rather relate to future operations, strategies, financing plans, financial results or other technical developments or reports on the B26 Project or otherwise. Forward-looking information is necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control and many of which, regarding future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by or on the Company’s behalf. Although Abitibi has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. All factors should be considered carefully, and readers should not place undue reliance on Abitibi’s forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects,” “estimates,” “anticipates,” or variations of such words and phrases (including negative and grammatical variations) or statements that certain actions, events or results “may,” “could,” or “might” occur. Mineral exploration and development are highly speculative and are characterized by a number of significant inherent risks, which may result in the inability of the Company to successfully develop current or proposed projects for commercial, technical, political, regulatory or financial reasons, or if successfully developed, may not remain economically viable for their mine life owing to any of the foregoing reasons, among others. There is no assurance that the Company will be successful in achieving commercial mineral production and the likelihood of success must be considered in light of the stage of operations.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450602263/2895/2024-04-09T18:30:26

(via TheNewswire)

Vancouver, British Columbia, Canada – TheNewswire – April 10, 2024 – GOAT Industries Ltd. (the “Company” or “GOAT”) (CSE: GOAT) (OTC: BGTTF) (FWB: 26B.F) announces that it intends to enter into debt settlement agreements with certain creditors of the Company to settle outstanding indebtedness in the aggregate amount of $41,912.01 (the “Debt“) in exchange for the issuance of 465,689 units (the “Units“) at a price of $0.09 per Unit. Each Unit will be comprised one common share in the capital of the Company (a “Common Share“) and one common share purchase warrant (a “Warrant“), with each Warrant exercisable for a period of two (2) years at a price of C$0.15 per Warrant.

The company is finalizing the debt settlement to enhance its financial standing by diminishing its current liabilities. All securities issued by the Company will be subject to a standard four-month hold period from the date of issue. The Company has received acceptance of the debt settlement from the Canadian Securities Exchange.

ABOUT GOAT INDUSTRIES LTD.

GOAT is an investment issuer focused on investing in high-potential companies operating across a variety of industries and sectors. The paramount goal of the Company is to generate maximum returns from its investments.

For more information about the Company, please visit https://www.goatindustries.co/. The Company’s final prospectus, financial statements and management’s discussion and analysis, among other documents, are all available on its profile page on SEDAR+ at www.sedarplus.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

Chief Executive Officer Michael Leahy

Head Office Suite 2200, 885 West Georgia Street, Vancouver, BC V6C 3E8

Telephone 1-833-4-GOAT-IR (1-833-446-2847)

Website www.goatindustries.co

Email [email protected]

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “anticipates”, “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors and list of target investments are not exhaustive. The Company is under no obligation, and 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 expressly required by applicable law.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450601563/2895/2024-04-09T18:15:42

(via TheNewswire)

Toronto, ON / TheNewswire / April 9, 2024 / NTG Clarity Networks Inc. (TSX.V:NCI, OTC: NYWKD); NTG Clarity is pleased to announce that it has received four new purchase orders (POs) and one new contract for a total of $1.8M CAD in new work and renewals for new and existing customers in the Financial, Government, and Telecom sectors.

These contracts represent an expansion of NTG’s business relationship with several key customers of both our outsourced services and software products. The breakdown of the work is as follows, with all customers in the Middle East:

• $690K in new work to provide offshore software QA and testing services for one year for an existing customer in the Financial sector, with an expected gross margin of 40%

• $1.1M in renewals:

  • $400K to provide offshore professional services for three months for an existing customer in the Government sector

  • $300K to provide a renewed license support agreement for our NTGapps software platform for an existing customer in the Telecom sector

  • $230K to provide onsite professional services for one year for an existing customer in the Government sector

  • $180K to provide onsite professional services for one year for an existing customer in the Financial sector

Especially noteworthy is our new work in software testing as a service. As the Middle East continues its rapid digital transformation, software testing and quality assurance services are seeing rapidly increasing demand. NTG’s vast network of software professionals and our ability to offshore in Egypt, means we can meet this demand at a competitive price.

“In addition to our software testing services, we’re also excited about our renewed NTGapps license support with our customer in the Telecom sector,” said Adam Zaghloul, Vice President, Strategy & Planning of NTG Clarity. “This customer has been with us for over ten years and has recently expanded their NTGapps implementation to help them with telecom field services management.”

NTG’s current work on hand (which includes unbilled POs as of January 1, 2024, and new POs/contracts received and previously announced since then) is approximately $46.3M, the majority of which is expected to be completed in 2024. This puts NTG in an increasingly strong position to meet our $50M 2024 revenue target.

About NTG Clarity Networks Inc.

NTG Clarity Networks’ vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 600 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading enterprises.

Forward Looking Information

Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature.

These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward looking statements should circumstances or management’s estimates or opinions change.

For Further Information:

Adam Zaghloul, Vice President, Strategy & Planning

NTG Clarity Networks Inc.

Ph: 905-305-1325

Fax: 905-752-0469

Email: [email protected]

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

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450599172/2895/2024-04-09T17:00:40

(via TheNewswire)

Calgary, Canada – April 9, 2024 – TheNewswire – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), is pleased to announce a non-brokered private placement of up to $300,000 (the “Private Placement”). Under the Private Placement, which is subject to acceptance by the Exchange, DeepMarkit intends to issue, pursuant to applicable exemptions from prospectus requirements of Canadian securities laws, up to 5,000,000 Units (the “Units”) at a price of CAD $0.06 per Unit. Each Unit comprises one common share and one common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of DeepMarkit at an exercise price of CAD $0.10 for a period of two (2) years from the date of issuance of the Units.

The net proceeds from the Private Placement will be used to for general corporate and working capital purposes. Common shares issued pursuant to the Private Placement will be subject to a four month hold period required under applicable securities laws.

About DeepMarkit

DeepMarkit Corp. is a technology company that operates MintCarbon.io, a web-based platform which facilitates the minting of carbon offsets into NFTs or other secure tokens. Its common shares are listed on the TSX Venture Exchange under the “MKT” stock symbol, on the OTC market in the United States under the “MKTDF” symbol and on the Frankfurt Stock Exchange under the “DEP” symbol.

On behalf of:

DEEPMARKIT CORP.

“Garrett Scott”

Garrett Scott, CEO

For more information, please contact:

Garrett Scott, CEO

Tel: 403-537-0067

Email: [email protected]

Web: www.deepmarkit.com/

Twitter: @DeepMarkit

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

CAUTIONARY STATEMENT

Statements in this press release may contain forward-looking information, including statements relating to the completion of the Private Placement, TSX Venture Exchange Approval, and the intended use of proceeds. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. 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 DeepMarkit. Factors that could cause the actual results to differ materially from those in forward-looking statements include, but are not limited to, failure to complete, or obtain necessary regulatory approvals, for the Private Placement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this press release are made as of the date of this press release and DeepMarkit does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities law.

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450598812/2895/2024-04-09T16:45:41

(via TheNewswire)

By Juan Carlos Zuleta

Monday, April 8, 2024 7:25 AM EDT

Lithium potential in Canada

Based on a cursory examination of official information, at least five jurisdictions are seen to have lithium projects in Canada: Quebec, Ontario, Manitoba, Alberta, and Saskatchewan. Globally, Canada appears in eighth position (together with DRC) in lithium resources and sixth place in lithium reserves. There is no doubt that the potential of lithium in Canada is great. However, it all indicates that we will still have to wait for a few years for its complete takeoff. In 2023, it ranked, together with Zimbabwe, in the sixth position in world lithium production. Nevertheless, this reflects an important improvement over the previous year when it only produced 520 metric tons of contained lithium.

Policy and regulatory framework

In 2022, the Canadian Critical Minerals Strategy was launched. Out of the 31 critical minerals that have been identified, six have been prioritized “for their distinct potential to spur Canadian economic growth and their necessity as inputs for priority supply chains.” They are lithium, graphite, nickel, cobalt, cooper, and rare earth elements. Regarding the mining laws and regulatory framework in Canada, like in many federal states, mining projects may be impacted by certain federally regulated areas, such as indigenous people’s rights, trade and commerce, railroads, nuclear energy, and environmental issues. Nonetheless, the majority of the areas that will have an impact on a mining project fall under the purview of the provincial governments. There is no special regulatory framework applied to lithium in Canada, other than the recent extension of the concept of mineral resources to lithium from brines despite these typically being found in bedded, sedimentary deposits.

The role of the Inflation Reduction Act (IRA)

At the center of this legal package is a general framework for US climate and industrial policy by offering financial incentives for the production and acquisition of domestic energy sources that emit little or no greenhouse gases (GHG), or “clean energy,” as well as for the promotion of the use of clean energy. A key to reducing GHG emissions is electric vehicles (EVs). Given its proximity to the US market, this would put Canada in an expectable position as the main supplier of critical minerals for it. However, Canada is interested in taking many steps further in the development of the lithium/battery/EV value chain as one of the 20 countries with whom the US has a free-trade agreement to benefit from the IRA while contributing to the US to meet its IRA targets. The Bloomberg New Energy Finance (BNEF) Lithium-ion Battery Supply Chain Ranking for 2023 situated Canada in the first place in the world to accomplish this task (See Figure 3 below). The report ranks 30 leading countries’ Li-.ion battery supply chain performance based on 45 metrics across 5 key themes: 1) Availability and supply of key raw materials; 2) manufacturing of battery cells and components; 3) Environment, Social, and Governance (ESG) approach; 4) infrastructure, innovation, and industry; and 5) local demand for EVs and energy storage. Canada is seen to have overtaken China as the “leader in forming the battery supply chains of the future.” Significant integration of the country with the US automotive industry contributed to the accomplishment of the “friendshoring” ambitions of the IRA. So did Canada’s policy pledge at the provincial and federal levels.

Main ongoing lithium projects in Canada

Only 14 companies with at least maiden mineral resource estimates and market capitalization were included in this analysis. For Joint Ventures, the area numbers as well as the mineral resource and reserve estimates were recalculated following the different ownership interest percentages to individualize the participation of the distinct companies. This gave rise to 14 companies and 18 projects. The projects were broken down into 3 groups. Those with mineral resource and reserve estimates from standard feasibility studies; those with mineral resource estimates only from standard technical reports; and those with contained lithium carbonate equivalent (LCE) estimates only from standard technical reports. Note that the first two types of projects are hard-rock lithium projects while the third consists of brine lithium projects. The key findings here are:

i. The market capitalization ranges from US$5,201M to US$3M.

ii. Out of the 18 projects, 7 are JVs and 11 are standalone projects.

iii. The total area in the first type of projects was 30,236 ha, 186,174 ha in the second type of projects, and 1,910,069 ha in the third type of projects.

iv. Of the 18 projects, 12 are located in Quebec, 4 in Ontario, and 2 in both Alberta and Saskatchewan.

v. The total resources amounted to 42.779Mt of contained LCE which can be translated into 8.04Mt Li content. This number would exceed by more than 5Mt the resource estimate for Canada by the USGS. However, excluding the contained LCE data corresponding to the two projects in Alberta and Saskatchewan we would end up with 3.71Mt Li content which is only 0.71Mt above the 3Mt Li content estimated by the USGS. This would also imply that the mineral resource estimates of E3 Lithium and LithiumBank would not have been yet homologated by the USGS. Interestingly enough, if the total resources number is confirmed through the ongoing feasibility studies by the different projects, Canada would become the sixth country with the most lithium resources on earth after surpassing Germany and China.

vi. The total reserves for the first group of projects reached 4.928Mt of contained LCE which translated into 0.926Mt Li content. This number can be compared to the USGS figure of 0.930Mt Li content for Canada. Similarly, if it is assumed that approximately 45% of those total resources will be converted into reserves after the feasibility studies, they would amount to 3.618Mt Li content, which would put Canada in third place in reserves in the world, after displacing the US, China, and Argentina, only behind Chile, and Australia. Note also that the 5 most advanced projects (i.e. with reserves from standard feasibility studies) are all located in Quebec.

Comparative Analysis of Stria Lithium Inc. vis-a-vis other similar projects at different stages of development in Canada

In this section, a novel indicator of geological potential or exploration efficiency (i.e. Standard Estimate of Mineral Resources/ha) is utilized to show why Stria Lithium Inc. might be undervalued. This company was chosen because of its extremely low market capitalization despite some important milestones achieved over the last two years or so. The following procedure was followed.

First, the correlation coefficient between mineral resources per hectare (the indicator of geological potential or exploration efficiency) and market capitalization for the second group of lithium companies was calculated. The result of this exercise was 0.57, meaning that a strong relationship exists between those two variables. This was called the base case.

Second, it was found out whether the calculated correlation coefficient was statistically significant. Here a two-tailed t-statistic test of significance was performed resulting in a p-value of less than 10%. This confirmed the existence of a relatively robust association between the above-mentioned variables.

Third, it was investigated if any of the lithium projects with higher market capitalization than Stria Lithium Inc. had indicators of geological potential below that of Stria Lithium Inc. In this case, it was found that two projects met this criterion: Rock Tech Lithium Inc. and Green Technology Metals Inc. Therefore, this showed that at least in these two cases, Stria Lithium Inc. is undervalued because although this company has a higher geological potential than the other two projects, its market capitalization was found to be considerably smaller.

Fourth, three additional exercises were performed to further validate this result. One was to incorporate the two brine lithium projects of Group # 3 (E3 Lithium Ltd. Project and LithiumBank Resources Corp. Project) into the analysis, another was to include the last project of Group # 1 (Critical Elements Lithium Corp. Project), and the last was to add the three projects. In the two first cases (with correlation coefficients of 0.57, and 0.56, respectively), the outcome was essentially the same as in the base case, whereas in the third (with a correlation coefficient of 0.56) the two-tailed statistic test of significance resulted in a p-value of less than 5%, which validated the working hypothesis for those three added projects as well. This led the analysis to the interesting conclusion that the market capitalization of Stria Lithium Inc. would be undervalued for a total of 5 out of 18 lithium projects in Canada.

It was not possible to extend the reasoning to the rest of the projects because of the significantly distinct nature of the five most advanced lithium projects (James Bay, Nemaska, Piedmont-Sayona Mining, Sayona Mining-Investissement with indicators of geological potential on average between 25 and 82 times greater than those of the other two groups of projects, which remains a subject of further research.

Positioning of Stria Lithium Inc. as a strong lithium investment option in Canada

In what follows, a few points are underscored to position this company as a strong investment option in Canada.

To begin with, it is noteworthy that Stria Lithium Corp. has relatively tight float with only 25 million shares outstanding. This financial structure could be perceived as an advantageous setup for potential investors, reflecting a potentially higher value per share due to the limited supply. Considering Stria has 9.9 million shares of Cygnus and 1.2 million in bank plus only 28 million shares outstanding they are pretty well trading at close to cash amount.

Secondly, it is clear that Stria’s partnership with Cygnus Metals in the Pontax Central project, in which, for the time being, it has an interest of 49%, seems to be moving forward well. In about a year from the start of the JV, Cygnus, acting as the operator of the project, already managed to obtain a maiden resource estimate that was just used to demonstrate that the company is undervalued. The JV stands out as a particularly promising endeavor. The operational prowess of Cygnus Gold combined with the leadership of David Southam (formerly of Mincor Resources), who brings a wealth of experience in bringing mines into production and securing offtake agreements, presents a compelling case for the JV’s success. Furthermore, the founders’ previous achievements with Bellevue Gold add an additional layer of credibility and potential to this venture. Lastly, a potential synergy may exist between Pontax Central and the James Bay and/or Nemaska projects. In the latter one, a lithium hydroxide is expected for 2025-26. How about joining forces with them to scale up production first at the concentrate level and then at the refining one?

Thirdly, at present, Stria continues to assess Pontax II viability. However, the company’s potential in tantalum, which could be extracted as a byproduct of lithium, seems promising. It can be suggested that the average concentration of Ta2O5 in Pontax II would likely be higher than that found in Pontax Central (75 ppm Ta2O5). This is based on a visual observation of tantalum oxide grain counts in till samples on two maps provided by Stria, one of which can be found in its latest corporate presentation. If this information is confirmed, at least through a maiden mineral resource estimate, we could be in front of a tantalum deposit with an average concentration of about 100 ppm Ta2O5, which is the minimum grade required by current tantalum operators in different parts of the world. Tantalum is one of the most valuable minerals nowadays. According to the USGS, in 2023, the average price of tantalum was $190 per kilogram of Ta2O5 content. Following the previous scientific reference, Tantalum (Ta) is mainly used in electronics (which today accounts for approximately 50% of consumption) in which metal-grade Ta powder, capacitor-grade Ta powder, and Ta mill production are utilized in manufacturing sputtering targets and Ta capacitors. In addition, Ta is quite useful as an alloying element for high-temperature alloys (i.e. superalloys) utilized in aerospace engines. Likewise, Ta chemicals such as tantalum oxide, sodium tantalate, and lithium tantalate, among others, constitute the main inputs in optics, semiconductors, and catalysts. Lastly, Ta carbides are mostly used in cutting tools. Interestingly, Ta overall consumption was shown to have grown at 4-5% between 2016 and 2021 with superalloys exhibiting the highest rate of increase (7%), followed by chemicals (5%), sputtering targets (4.5%), and capacitors (1.5%). Note that the use of Ta in carbides was seen to decline by 1%. Here it is argued that the relatively low growth in the consumption of Ta in capacitors can be attributed to saturation of the market and miniaturization of capacitors. However, this could change significantly due to two new sources of demand: 5G telecommunications technologies and electric vehicles (EVs). As a recent piece shows, in cars, Ta is already utilized for infotainment, combi instrument, additional light brake lighting, rain sensors, and air quality sensors. These uses could be multiplied many times in the years to come with the advent of EVs. A total of 5,950 tantalum oxide grains were observed, for an average of 156 grains per sample. As a comparative basis, a regional survey in the same area conducted by the Ministere de l’Energie et des Ressources Naturelles du Quebec, processed using the same technology, yielded an average count of 36 grains per sample, meaning the average sample from Pontax-II stands at the 97.6 centiles of the regional population. Samples from Pontax include tantalum oxide counts up to 797 grains, the highest count ever recorded by the laboratory.

Fourthly, Project Jeremiah stands out for its proximity to vital infrastructure, its location within a mining-supportive community, and the simplicity of its landholder arrangements. Importantly, the surface rights are held by private individuals and a municipality, mitigating the risk of complications often associated with indigenous land claims. This situation not only fosters a smoother path to obtaining necessary approvals but also highlights the project’s alignment with the community’s economic interests and its strategic position near essential utilities and transportation networks. The ease of access to highways and electricity, combined with its situation in a town with a strong mining heritage, underscores the project’s low barrier to entry and its readiness for development. These factors collectively enhance Project Jeremiah’s appeal as a strategically located and quickly actionable opportunity within the vibrant Quebec lithium mining landscape. In a similar vein to Pontax Central, the fact that Project Jeremiah is in the vicinity of the North American Lithium project, the only lithium project in operation today, and relatively close to the Moblan Project, both of them with plans to go downstream as well, would open comparable opportunities.

The broader context in Quebec, with its burgeoning lithium mining sector, plays to Stria’s strategic advantage. The government’s investment in lithium and the emerging ecosystem of smaller, quickly deployable projects align with our operational model. Stria Lithium with its strategic projects close to essential infrastructure, is well-positioned to capitalize on these regional advantages.

Fifthly, a $4.7 billion memorandum of agreement, which would enable transportation for the resource extraction sectors and support efforts to enhance the standard of living and safeguard the territory, was signed by the Quebec government and James Bay Cree on February 17, 2020. Also known as “La Grande Alliance”, this three-phase deal, which is the result of consultations within the different communities of the Cree Nation and with the government of Quebec, aims at the creation of new employment opportunities, adding value to Quebec’s natural resources, and establishing Quebec as a hub for the world’s mining industry, particularly for lithium. Unlike in other parts of the planet where the relations between exploration companies and indigenous communities are characterized by conflict and confrontation, in Quebec, mining firms seem to have been working with Cree communities for years in a cooperative manner. At present, the development agreement appears to have completed the feasibility study of phase 1 and the pre-feasibility studies of phases 2 and 3 and is engaged in a communication, information, and validation campaign.

In conclusion, Stria’s Lithium Inc.’s ventures, particularly the JV with Cygnus Metals and Project Jeremiah, stand out as strategically aligned with both the current market dynamics and regional governmental support for lithium mining in Quebec. These factors, combined with the company’s tight share, present a compelling value proposition to its stakeholders.

Last but not least, the discovery that Canada could have more lithium resources and reserves than China is of utmost importance. It provides further support to BNEF’s contention that Canada is in effect the “leader in forming the battery supply chains of the future.” In this context, the five themes included in the BNEF methodology to rank Canada in such a privileged position acquire the most relevance in Quebec, where the most progress in all those areas has been made to date.

* This is a compressed version of the article entitled “Canadian Lithium Overview And Stria Lithium Might Be An Undervalued Investment Option” published on April 26, 2024, on Seeking Alpha. Interested readers can access the complete article including all the data, tables, graphs, references, and annex, using the following link after joining Seeking Alpha for free:

Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450596761/2895/2024-04-09T15:25:25