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Meridian Finalizes JV with Orosur Mining on Ariquemes Tin Province

Meridian Finalizes JV with Orosur Mining on Ariquemes Tin Province
Canada NewsWire
LONDON, Jan. 13, 2022

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Joint Venture formed to create tin-focussed Company in Brazi…

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Meridian Finalizes JV with Orosur Mining on Ariquemes Tin Province

Canada NewsWire

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Joint Venture formed to create tin-focussed Company in Brazil’s second largest tin province.

LONDON, Jan. 13, 2022 /CNW/ – Meridian Mining UK S (TSXV: MNO) (Frankfurt: 2MM) (Tradegate: 2MM) (OTCQB: MRRDF) (“Meridian” or the “Company”) today provides an update on its Ariquemes Tin Exploration Portfolio (“Ariquemes”), announcing that it has signed a Joint Venture Agreement (the “Agreement” or the “JV”) with Orosur Mining Inc. (“Orosur”). The Agreement provides a mechanism for a staged earn-in by Orosur into the mineral concessions currently held via Meridian Mineração Jaburi S.A., a wholly owned subsidiary of Meridian. Ariquemes comprises an extensive land package in Brazil’s second largest tin field. Geophysical and geochemical datasets released by the Companhia De Pesquisa De Recursos Minerais (“CPRM”; Geological service of Brazil) highlights highly prospective signatures consistent with the tin-bearing granites within the Ariquemes area. The Company welcomes the partnership with Orosur, which will allow it to pursue its particular strategic focus on its Cabaçal Cu-Au Project in the state of Mato Grosso while retaining exposure to Ariquemes’ long-term potential upside.

Highlights of today’s update:                                                                                      

  • Meridian signs a Joint Venture of its Ariquemes tin portfolio with Orosur Mining Inc;
  • Orosur shall have the exclusive right for a staged earn-in on the Ariquemes Project;
    • Expenditure of USD 1,000,000 to earn an initial 51% interest over a 24-month period;
    • Expenditure of USD 2,000,000 to earn a 75% interest, after which Meridian can contribute or dilute to a royalty; and
  • JV on Ariquemes allows Meridian to focus on its Cabaçal Cu-Au Project in the state of Mato Grosso.

Dr Adrian McArthur, CEO and President of Meridian, comments, “Meridian has communicated for some time its intent to find a suitable partner to advance Ariquemes. Orosur’s Board and Management team have extensive experience in South America and concluded a legal due diligence and positive field review at the end of 2021. We are pleased now to announce the signing of the JV Agreement which creates a focussed vehicle to explore the prospective Ariquemes district. The progressive strengthening of the tin price over the past two years has created a resurgence of interest in the belt and optimal conditions for a tin-focussed company to explore for a new generation of discoveries. Both Orosur and Meridian believe the Ariquemes district to be highly prospective. The Agreement allows Meridian to maintain its focus on the Cabaçal VMS copper-gold Belt, its strategic priority, and it wishes Orosur well in pursuing success in Ariquemes for all stakeholders.”

Ariquemes

Meridian Mining consolidated a large landholding within the world class Ariquemes Tin District of Rondônia, Brazil’s second largest tin field. The area has been evaluated through CPRM’s “Áreas de Relevante Interesse Mineral” program – an initiative with Federal backing. The Ariquemes district was selected based on its contribution to Brazil’s economy, and the need to reconsider the prospectivity based on available geophysical datasets. Key observations of the datasets and reports released by the CPRM include:

  • Cassiterite and Gold were detected in pan-concentrates from a CPRM stream-sediment sampling program (Figure 1). The sampling was conducted at a district scale. The responses are at trace levels, but are considered significant in showing mineralized sources;
  • The radiometric responses have identified signatures associated with two mineralized granite series – the Rondônia Suite to the west, and the Santa Clara Suite to the east. The responses extend beyond the mapped granite boundaries, suggesting the granites project under shallow cover;
  • The distinctive magnetic signature of tin-bearing granite series extends beyond areas of exposure and projects beneath younger cover sediments within the Ariquemes Project Area. A broad envelop of interest occupied by clusters of favourable magnetic anomalies has been defined;
  • Within the Company’s license area, the more detailed 1:100,000 maps recently produced as part of the study now show the presence of the prospective granites, along strike to active tin mines, and elsewhere, requiring prospecting follow-up when the licenses are granted.

About Orosur Mining Inc

Orosur Mining is a TSXV and AIM listed company with a head office in Canada. It has interests in the Anza gold exploration project in Colombia (run in partnership with Newmont and Agnico Eagle), and has a strong technical management team, led by CEO Brad George, who has 30 years’ experience in global mineral exploration, development and financing with a long history in South America.

Terms of the Ariquemes Joint Venture Agreement

  • Orosur or any of its subsidiaries shall have the exclusive right to acquire a 51% interest in the Ariquemes Project by expending USD 1,000,000 on exploration within an initial 24-month period. Orosur may terminate the Agreement at any time with 60 days’ notice during this Period by providing written notice to Meridian;
  • Orosur or any of its subsidiaries will be the operator of the JV;
  • Following the exercise of the First Option, Orosur shall have the right to acquire an additional 24% interest in the Ariquemes Project (for an aggregate interest of 75%) by incurring an additional USD 2,000,000 in exploration expenditures;
  • After the second option period, funding of the Agreement would be on a pro rata basis. In the event that either Party’s interest is diluted to 10% or less, its interest shall be converted to a royalty of 1% of net smelter returns on all minerals thereafter produced. The royalty, which shall be subject to a purchase option of USD 1,000,000 for the other Party, includes customary terms for royalties of this type.

Qualified Person

Dr Adrian McArthur, B.Sc. Hons, PhD. FAusIMM., CEO and President of Meridian as well as a Qualified Person as defined by National Instrument 43-101, has supervised the preparation of the technical information in this news release.

On behalf of the Board of Directors of Meridian Mining UK S

Dr. Adrian McArthur
CEO, President and Director
Meridian Mining UK S
Email: [email protected]
Ph: +1 (778) 715-6410 (PST)

Stay up to date by subscribing for news alerts here: https://meridianmining.co/subscribe/

Follow Meridian on Twitter: https://twitter.com/MeridianMining

Further information can be found at www.meridianmining.co

ABOUT MERIDIAN

Meridian Mining UK S is focused on the acquisition, exploration, and development activities in Brazil. The Company is currently focused on resource development of the Cabaçal VMS Copper-Gold project, exploration in the Jaurú & Araputanga Greenstone Belts located in the state of Mato Grosso; exploring the Espigão polymetallic project and the Mirante da Serra manganese project in the State of Rondônia Brazil.

FORWARD-LOOKING STATEMENTS

Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company’s plans for exploration, development and exploitation of its properties and potential mineralization. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating risks and hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration, development and exploitation of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. 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.

The Company cautions that it has not completed any feasibility studies on any of its mineral properties, and no mineral reserve estimate or mineral resource estimate has been established. Geophysical exploration targets are preliminary in nature and not conclusive evidence of the likelihood of a mineral deposit.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. 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.

SOURCE Meridian Mining UK Societas


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GFG Intercepts Multiple Gold Zones in First Hole at the Montclerg Gold Project and Provides Corporate Update

SASKATOON, Saskatchewan, Jan. 24, 2022 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces…

SASKATOON, Saskatchewan, Jan. 24, 2022 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces that it has received assays from the first hole from its 2021 Phase 1 drill program at the Montclerg Gold Project (the “Project” and/or “Montclerg”) (See news release: GFG Provides Exploration Update and Launches 3,000 Metre Drill Program at Montclerg Gold Project, East of Timmins”). The hole returned both high grade and bulk tonnage intercepts from the MC Central Panel at Montclerg (See Table 1 and Figures 2-3). In 2022, the Company is planning to drill approximately 10,000 metres (“m”) at Montclerg with a first phase of 3-4,000 m of drilling to start in February.

Hole MTC-21-001, a 50 m step-out hole from historic drilling in 1986, has returned multiple bulk tonnage intercepts which include 1.56 grams of gold per tonne (“g/t Au”) over 27.5 m and 0.78 g/t Au over 40.5 m. Hole MTC-21-001 is the first hole to follow-up from the 1986 drilling and outlines stacked zones of vein-hosted and disseminated gold mineralization. In the Phase 1 program, the Company completed 11 holes focused on the MC Central target and three holes on the MC Eastern target; testing a strike length in excess of 500 m. Assay results are pending for the remaining holes and the Company expects to report these results throughout the first quarter.

Table 1: Assay Results from Hole MTC-21-001

Hole ID From (m) To (m) Length (m) Au g/t
MTC-21-001 62.5 90.0 27.5 1.56
incl 63.5 66.0 2.5 8.42
    incl 65.4 66.0 0.7 26.90
incl 71.5 74.0 2.5 4.30
and 126.0 166.5 40.5 0.78
      incl 130.8 138.0 7.3 2.20

* Drill intercepts are historical and presented using a 0.20 g/t Au cut-off and as drilled length. Composites include internal dilution of up to 3 m at grades less than 0.2 g/t Au. True width is estimated to be 50 to 90% of drilled length. 

Brian Skanderbeg, President and CEO commented, “We are very pleased with these initial results from step-out drilling as they confirm our belief that the Project hosts a significant gold system that merits an aggressive exploration program. We look forward to the results from the remaining 13 holes from our 2021 program and believe they will continue to demonstrate the scale and opportunity to grow the gold systems on the Project. Based on results received to date and logging of the outstanding holes, we are planning a much more aggressive program for 2022 with drilling to ramp-up again in mid-Q1.”

Mr. Skanderbeg added, “2022 will be an exciting year for GFG. We are well-financed and strongly believe that our exploration plans and upcoming catalysts from both Montclerg and Rattlesnake Hills will drive shareholder value.”

Montclerg 2021 Drill Program

In the fourth quarter of 2021, the Company drilled a total of 3,210 m from 14 holes in its inaugural Phase 1 drill program. The 14 holes varied in length from 125 to 400 m and tested a strike length of over 500 m. The program systematically tested the strike and dip-extensions of MC Central and MC East and the prospective MC Footwall zone (See Figure 2).

The two broad zones of gold mineralization intersected in MTC-21-001 are typical of the mineralization encountered in historic drill holes at MC Central. The upper zone occurs in massive to locally flow-banded and/or fragmental rhyolite that is moderately to intensely sericite and silica altered. Extensional quartz veins occur throughout the interval and typically comprise 5 to 25% of the rock. Pyrite and arsenopyrite occur throughout the altered host rock as fine-grained disseminations with contents ranging from trace amounts up to 10% at vein margins.

The lower zone occurs in massive, brecciated and tuffaceous rhyolite that is moderately to intensely sericite, silica and chlorite altered. Similar to the upper zone, extensional quartz veins are typically centimeter-scale with vein densities ranging from less than 1% and up to 30% of the rock. Finely disseminated pyrite and arsenopyrite occur throughout the zone with abundances ranging from trace amounts up to 5%. The higher-grade core to the lower zone is marked by an increase in vein density and sulphide.

As shown on the cross section in Figure 3, these gold zones are interpreted to dip moderately to the north and extend towards surface as demonstrated by historical intercepts of 1.64 g/t Au over 15.2 m, 2.30 g/t Au over 18.9 m and 2.42 g/t Au over 10.7 m. The majority of the completed drill holes, for which assays are pending, have similar or more intense alteration, veining and sulphide to that seen in MTC-21-001 which, along with historical intercepts within the MC Central, East and West targets, is suggestive of a large gold system.

Outlook

In 2022, the Company plans to complete 10,000 m of drilling on its Timmins portfolio with an emphasis on the Montclerg Gold Project. In the first half of 2022, the Company will complete 3-4,000 m of drilling and while assay turnaround times remain to be a challenge, we expect to see a steady stream of assays returned over the coming weeks and months. In addition to the on-going drill program at Montclerg, the Company will continue additional exploration activities and target development across the Project.

At the Pen Gold Project, the Company will continue to refine and develop drill targets during 2022 and is planning a sonic till drilling program in Q1 2022. At this time, the Company is reviewing various alternatives to advance the Dore Gold Project and will provide further information as it becomes available.

At the Rattlesnake Hills Gold Project, metallurgical test work remains on going with the Company’s joint venture partner Group 11 Technologies Inc. (“Group 11”). The Rattlesnake Hills Gold Project provides a variety of mineralized settings that are ideal for the research Group 11 is conducting to apply In-Situ Recovery technology for the extraction of gold which could reduce the use of conventional mining methods. Initial metallurgical results from Group 11’s Stage 1 program are pending and GFG anticipates being able to provide an update in the near future. As the results become available, Group 11 will confirm next steps on conducting further laboratory testing and potential field work. Group 11’s goal is to demonstrate that the non-cyanide, water-based solution along with In-Situ Recovery technology can effectively recover gold and be applied to the gold mining industry.

About the Montclerg Gold Project
The Montclerg Gold Project is located 48 kilometres (“km”) east of the prolific Timmins Gold Camp and is adjacent to multiple current and historic gold mines (See Figure 1). The Project consists of patented and unpatented mining claims that cover 10 km of the highly prospective Pipestone Deformation Zone (See Figure 2). GFG recently closed the acquisition of the Project, and in parallel with the drill program, will advance a systematic exploration program to evaluate and improve the property scale understanding.

Figure 1: Regional Map of GFG Gold Projects accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1554796-ad11-4de4-98b3-a527ffab98db

Figure 2: Montclerg Gold Project Plan View Map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f4869435-eba0-45d7-97e7-3db6bcc82bed

Figure 3: Montclerg Gold Project Cross Section Map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33808122-c2ac-4796-9de1-2653b9db386c

About GFG Resources Inc.
GFG is a North American precious metals exploration company focused on district scale gold projects in tier one mining jurisdictions, Ontario and Wyoming. In Ontario, the Company operates the Montclerg, Pen and Dore gold projects, each large and highly prospective gold properties within the prolific gold district of Timmins, Ontario, Canada. The projects have similar geological settings that host most of the gold deposits found in the Timmins Gold Camp which have produced over 70 million ounces of gold. The Company also owns 100% of the Rattlesnake Hills Gold Project, a district scale gold exploration project located approximately 100 kilometres southwest of Casper, Wyoming, U.S. In Wyoming, the Company has partnered with Group 11 through an option and earn-in agreement to advance the Company’s Rattlesnake Hills Gold Project with a technology that could revolutionize the gold mining industry. The geologic setting, alteration and mineralization seen in the Rattlesnake Hills are similar to other gold deposits of the Rocky Mountain alkaline province which, collectively, have produced over 50 million ounces of gold.

For further information, please contact:

Brian Skanderbeg, President & CEO
Phone: (306) 931-0930
or
Marc Lepage, Vice President, Business Development
Phone: (306) 931-0930
Email: [email protected]
Website: www.gfgresources.com

Stay Connected with Us

Twitter: @GFGResources
LinkedIn: https://www.linkedin.com/company/gfgresources/
Facebook: https://www.facebook.com/GFGResourcesInc/

Qualified Persons

Brian Skanderbeg, P.Geo. and M.Sc., President and CEO, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Mr. Skanderbeg has reviewed the sampling and QA/QC procedures and results thereof as verification of the sampling data disclosed above and has approved the information contained in this news release.

Drill intercepts are historical and presented using a 0.20 g/t Au cut-off and as drilled length. Composites include internal dilution of up to 3 metres at grades less than 0.2 g/t Au. True width is estimated to be 50 to 90% of drilled length. 

Sampling protocols, quality control and assurance measures and geochemical results related to historic drill core samples quoted in this news release have not been verified by the Qualified Person and therefore must be regarded as estimates.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

All statements, other than statements of historical fact, contained in this news release constitute “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as “forward-looking statements”). Forward-looking statements include, but are not limited to, the future price of gold, success of exploration activities and metallurgical test work, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of exploration work, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes”, or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the assumed long-term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour, and that the political environment within Canada and the United States will continue to support the development of mining projects in Canada and the United States. In addition, the similarity or proximity of other gold deposits to the Rattlesnake Hill Gold Project, the Pen Gold Project and the Dore Gold Project is not necessary indicative of the geological setting, alteration and mineralization of the Rattlesnake Hills Gold Project, the Pen Gold Project and the Dore Gold Project.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of GFG to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: actual results of current exploration activities; environmental risks; future prices of gold; operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining government approvals or financing; and other risks and uncertainties. These risks and uncertainties are not, and should not be construed as being, exhaustive.

Although GFG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.

Forward-looking statements in this news release are made as of the date hereof and GFG assumes no obligation to update any forward-looking statements, except as required by applicable laws.

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Verde launches P4G shareholder earnings strategy after securing Banco do Brasil financing backed by future sales contracts

BELO HORIZONTE, Brazil, Jan. 24, 2022 (GLOBE NEWSWIRE) — Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (“Verde” or the “Company”)…

BELO HORIZONTE, Brazil, Jan. 24, 2022 (GLOBE NEWSWIRE) — Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (“Verde” or the “Company”) is pleased to announce its Paid for Growth (“P4G”) strategy, a cornerstone program aimed at distributing gains to shareholders as a result of the Company’s continued accelerated market expansion. This will be possible thanks to the availability of a transformative source of funding secured by the Company. Previously, financing could only be secured by invoice discounting or guaranteed by capital goods, now Verde’s future sales contracts are accepted as debt collateral.

The Company also communicates an expansion to its Cultivando Amor program, a charitable initiative aimed at supporting local rural communities.

“In Brazil, no other bank has financed more harvests than Banco do Brasil. In 2020 alone, it financed Brazil’s agriculture to the tune of R$ 191 billion. It is therefore fitting that the bank step up to provide this important credit facility to Verde, thereby helping fuel the accelerating production of our potash rich multinutrient fertilizer that will be vital for countless more harvests in our country,” affirmed Dr. Alysson Paolinelli, former Brazilian minister of agriculture, recipient of the World Food Prize and member of Verde’s Board of Directors.

Banco do Brasil S.A. (“BB”) has granted to Verde a line of credit through Agribusiness Certificate of Credit Rights (“CDCA”, from Certificado de Direitos Creditórios do Agronegócio). A CDCA is a financial instrument used by established Brazilian agricultural businesses, it is a freely traded credit bond that represents expected cash payments originating from farmers and third parties. Its issuance and use are limited to the agricultural sector, be it farming production and processing, or industrialized farming inputs and machinery. CDCA is only granted to producers of broadly traded and accepted commodities and goods.

Verde’s loan is for a term of 36 months with an interest rate of CDI (based on SELIC, the Brazilian Central Bank overnight rate) + 2.92% per annum, with a 6 months grace period. The guarantee of the operations are future sales contract with Verde. The first loan was for R$10 million.

The financing was granted by BB after thorough due diligence that included an evaluation of Verde’s historical market and sales performance, seeing that the credit arrangement recognizes future sales contracts as collateral, with no further pre-conditions for its execution and grant.

The funds raised through this new loan modality will be used for accelerated expansion. Consequently, Verde will free up its earnings and re-finance its growth based on an expanding credit line proportional to its required growth capital investment and forecasted sales. This can be done so long as there is an upwards trajectory for production because then future sales are expected to continuously outstrip current production.

“I am proud to have started my formal work career at Banco do Brasil, at the age of 18, and grateful for everything I learned during that experience. Today, it is therefore exciting to see the bank playing a key role in helping Brazilian farmers to retake control by financing Verde, Brazil’s largest potash mine.

It is crippling for our country to rely on imports for 96% of our potash needs. Given Brazil’s role as the world’s largest food exporter, it is equally worrying to think that the bread basket of the World would succumb without three distant sources of potash: Canada, Russia and Belarus, which jointly account for around 80% of all global potash sales.

Debt funding alongside accumulated cashflow has been and will continue to be the preferred route to accelerate Verde’s growth even more, especially now in light of Banco do Brasil’s transformative financing structure,” commented Verde’s Founder, President & CEO Cristiano Veloso.

PAID FOR GROWTH AND CULTIVANDO AMOR

Verde’s P4G was launched by the Company to enable it to distribute earnings to shareholders, while expanding production. P4G is being engineered in detail so that it can make the most of the Company’s potential earnings without compromising its accelerated growth strategy.

As it returns gains to its shareholders, Verde will also expand its ongoing Cultivando Amor program. This is a charitable initiative in which the Company sits down with local rural communities located in the region of its operations and market to jointly select commendable social projects and charitable institutions to be supported.

“It has been nearly 17 years since we founded Verde. I am ever thankful to several shareholders who have patiently supported us along the nearly two decades of development. We hope that today’s announcement will motivate all shareholders to support Verde for decades to come while earning their well-deserved share of our success.

It was never easy to implement our non-dilutive strategy over so many years, but we are proud to reach our 17th year as a profitable company with an outstanding share count not too different from day one of our 2007 IPO,” concluded Mr. Veloso.

ABOUT BANCO DO BRASIL:

Banco do Brasil is a Brazilian bank, incorporated as a mixed capital company, with the Federal Government of Brazil holding 50% of the shares (as of November 17, 2021), being one of the five state-owned banks of the Brazilian government, traded on the B3 as BBAS3.

BB was founded in 1808 and has been working in several countries for over 70 years. The bank has a great branch network in Brazil and abroad, with more than 5,000 of branches worldwide, establishing extensive experience in global financial markets.

ABOUT CULTIVANDO AMOR PROJECT:

Cultivando Amor is a project that emerges from Verde’s commitment to honour its core purpose: improving the health of all people and the planet.

For each of the project’s member cities, there is a partner charity institution. For each hectare in the region that is cultivated with BAKS® or K Forte®, Verde donates part of the sales’ profits to the partner institution of that city. The initiative has the support of the cities’ Rural Union of Farmers (Sindicato Dos Produtores Rurais).

In 2020, Cultivando Amor’s pilot project was conducted in the city of Patrocínio, where the program’s funds contributed to the Cancer Hospital of Patrocínio, a regional reference in cancer treatment.

In 2021, Verde raised over R$270,000 for charities across 16 cities in Brazil.

Cultivando Amor’s goal for 2022 is to magnify its impacts exponentially: to be present in over 100 cities throughout Brazil.

INVESTORS NEWSLETTER

Subscribe to receive the Company’s monthly updates at:

http://cloud.marketing.verde.ag/InvestorsSubscription

The last edition of the newsletter can be accessed at: https://bit.ly/InvestorsNL-November2021

About Verde AgriTech

Verde is an agricultural technology company that develops and produces fertilizers. Rooting our solutions in nature, we make agriculture healthier, more productive, and profitable for farmers. We work to improve the health of all people and the planet. 

Cautionary Language and Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. The Cautionary Language and Forward-Looking Statements can be accessed at this link.

For additional information please contact:

Cristiano Veloso, President, Founder & Chief Executive Officer

Tel: +55 (31) 3245 0205; Email: [email protected]

www.investor.verde.ag | www.verde.ag | www.supergreensand.com


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Solstice Options Ontario Lithium Properties to Green Technology Metals

Property Portfolio Continues to Generate ValueVANCOUVER, British Columbia, Jan. 24, 2022 (GLOBE NEWSWIRE) — Solstice Gold Corp. (TSXV: SGC) (“Solstice”,…

Property Portfolio Continues to Generate Value

VANCOUVER, British Columbia, Jan. 24, 2022 (GLOBE NEWSWIRE) — Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce that it has entered into an option agreement (the ”Option”) with Green Technology Metals Limited (ASX: GT1) (“Green Technology”) that provides Green Technology with the potential to earn a 100% interest in a suite of Lithium exploration properties located in Ontario.

The package is comprised of the Pennock (8 claims), Root Bay (3 claims), Gathering Lake (15 claims) and Superb Lake (5 claims) projects, all non-core holdings located in NW Ontario (collectively, the “Property”).

Mike Timmins, Solstice’s Chief Executive Officer stated, “This agreement provides Solstice shareholders exposure to the exciting Lithium market and is another example of the value we will generate from our recently acquired royalty and property portfolio. We currently have over eighty properties out under option or available for sale and our strategy of creating an attractive portfolio of distinct and permanent royalties is well underway. Future new agreements will also generate significant cash inflows, value to our shareholders with newly established royalties and allow us to focus on our core district-scale exploration projects in Red Lake, Atikokan and Nunavut.”

Under the Option, Green Technology, an Australian Securities Exchange (“ASX”) listed mineral exploration company, is required to make cash payments totaling C$180,000 to Solstice over a three-year period. After the first anniversary of the Option, Green Technology may dispose one of the claims packages in the Property and reduce future cash payments by 20%. Upon exercise of the Option by Green Technology to fully acquire the Property, Solstice will be granted a 1.5% net smelter return royalty. Green Technology has the right to repurchase 0.5% of the royalty at any time after the exercise of the Option and prior to the commencement of commercial production at the Property for C$800,000.

Solstice controls an extensive portfolio of gold, copper and lithium/REE projects in Ontario which are available for 100% sale or option. See our corporate materials available at www.solsticegold.com for further details.

About Green Technology Metals

Green Technology Metals is a North American focussed lithium exploration and development business. The Company’s Ontario Lithium Projects comprise three high-grade, hard rock spodumene assets (Seymour, Root and Wisa) covering 95km2 of highly prospective tenure north-west of Thunder Bay in Ontario, Canada. All sites are proximate to excellent existing infrastructure (including hydro power generation and transmission facilities), readily accessible by road, and with nearby rail delivering transport optionality. Seymour has an existing Mineral Resource estimate of 4.8 Mt @ 1.25% Li2O (comprised of 2.1 Mt at 1.29% Li2O Indicated and 2.7 Mt at 1.24% Li2O Inferred). Accelerated, targeted exploration across all three projects delivers outstanding potential to grow resources rapidly and substantially.

About Solstice Gold Corp.

Solstice is a gold-focused exploration company with quality, district-scale projects in established mining regions of Canada. Our 174 km2 Red Lake land position is located on the northern extensions of the prolific Red Lake Gold Camp in Ontario. RLX is approximately 45km from the Red Lake Mine Complex owned by Evolution Mining. The Company is funded for phase one drilling in Red Lake. Our newly formed 225km2 Atikokan Gold Project is approximately 23km from the Hammond Reef Gold Project owned by Agnico Eagle Mines Limited and is fully funded for a robust field program in 2022. Our district scale Qaiqtuq Gold Project covers 886 km2 with certain other rights covering an adjacent 683 km2, hosts a 10 km2 gold boulder field and is fully permitted with multiple drill-ready targets. Qaiqtuq is located in Nunavut, Canada, only 26 km from Rankin Inlet and approximately 7 km from the Meliadine gold deposits owned by Agnico Eagle Mines Limited. In October 2021, the Company acquired a royalty and property portfolio of over 80 assets located in Ontario and Quebec.

Solstice is committed to responsible exploration and development in the communities in which we work.

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.

On Behalf of Solstice Gold Corp.

Mike Timmins, Chief Executive Officer

For further information on Solstice Gold Corp., please visit our website at www.solsticegold.com or contact:

Phone: (604) 283-7234

[email protected]

Forward-Looking Statements and Additional Cautionary Language

This news release contains certain forward-looking statements (“FLS”) including, but not limited to the Company harvesting value from its recently acquired royalty and property portfolio, increasing cash inflows and establishing new royalties, payments by Green technology under the Option Agreement, the potential exercise of the option under the Option Agreement by Green Technology, the granting of a 1.5% net smelter return royalty and Green Technology’s right of repurchase after the exercise of the option. FLS can often be identified by forward-looking words such as “approximate or (~)”, “emerging”, “goal”, “plan”, “intent”, “estimate”, “expects”, “potential”, “scheduled”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Since forward-looking information address future events and conditions, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, that there is no guarantee that continued exploration at Solstice exploration projects, all of which are at an early stage of exploration, will lead to the discovery of an economic gold deposit, there may not be market for the Company’s non-core properties in its property portfolio or not a market on financial terms satisfactory to the Company, Green Technology may not exercise the option under the Option Agreement, commercial production at the Property may delayed or may never occur, the future impacts of the COVID 19 pandemic and government response to such pandemic, the ability of the Company to continue exploration at its projects during the pandemic and the risk of future lack of access to the projects as a result thereof, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inability to locate source rocks, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, regulatory approvals and other factors. FLS are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results. The Company cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

All forward-looking statements are based on the Company’s current beliefs as well as various assumptions made by Company management and information currently available to them. 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. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.


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