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Kiplin Metals Looks to Expand Uranium Project Portfolio Athabasca, Saskatchewan, Canada

 

Vancouver, British Columbia – TheNewswire – October 25th, 2021  – Kiplin Metals Inc. (the “Company”) (TSXV:KIP) (Frankfurt: 17G1) announces…

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Vancouver, British Columbia – TheNewswire – October 25th, 2021  – Kiplin Metals Inc. (the “Company”) (TSXV:KIP) (Frankfurt: 17G1) announces that its board of directors has commenced a strategic review of several uranium projects in Athabasca, Saskatchewan, Canada with the plan to expand the Company’s project portfolio.

Peter Born, Director of the Company commented; “after considerable consultation with our strategic advisors, the board has determined that, given the deep technical knowledge of our team, combined with the global initiative to transition the world’s energy needs away from fossil fuels, the company has initiated a strategic review of several uranium projects in Athabasca, Saskatchewan.  The company’s technical team has extension experience with uranium exploration and we are confident the addition will bring significant value to Kiplin Metals shareholders.”

About Kiplin Metals

Kiplin Metals is an early-stage exploration and development mining company.  The Company’s management understands that the greatest value creation for shareholders is through the discovery, and development of mineral resources, therefore the company focuses on project that can provide such impact.  Kiplin Metals has the rights to two highly perspective minerals exploration assets in Canada, a region in the world known for its resources, collaborative regulatory structure and stable economic and political environment.  

The Exxeter Gold Project covers an area of 715ha located in Val d’Or Quebec, one of the premier gold camps in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the Val d’Or.

The Lac Rochester Copper Project is located on the eastern border of the Val d’Or mining camp, 50km southeast of the city of Val D’Or, and 14km south of the Company’s flagship property, the Exxeter Gold Project. Past exploration of the Lac Rochester Copper Project has identified multiple high copper and iron values, concurrent with a large, northeast trending magnetic anomaly.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

“Peter Born”

Director

 

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.

 

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Copyright (c) 2021 TheNewswire – All rights reserved.



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Today’s News

Production Of Lithium Set To Almost Triple By 2025 To More Than 1.5 Million Metric Tons as Demand Jumps

Production Of Lithium Set To Almost Triple By 2025 To More Than 1.5 Million Metric Tons as Demand Jumps
PR Newswire
PALM BEACH, Fla., Dec. 9, 2021

PALM BEACH, Fla., Dec. 9, 2021 /PRNewswire/ — FinancialNewsMedia.com News Commentary The demand of l…

Production Of Lithium Set To Almost Triple By 2025 To More Than 1.5 Million Metric Tons as Demand Jumps

PR Newswire

PALM BEACH, Fla., Dec. 9, 2021 /PRNewswire/ — FinancialNewsMedia.com News Commentary The demand of lithium is a by-product of the rapid rise of use electric vehicles (EV) and ion batteries in all sorts of consumer and industrial products. Lithium is an integral component of batteries for electric vehicles. As EV purchases have rocketed so has the need for batteries, in turn fueling lithium demand. S&PGlobal said that production of the battery metal is set to almost triple by 2025 to more than 1.5 million metric tons. ReserachAndMarkets says that over the next four years, the increasing consumption of Li-ion batteries by automotive and consumer electronics industries is expected to create a measurable boost in need for lithium mining activities in the near future.  The Research report stated some Key Insights regarding Lithium Mining Market, saying that: “Over 15 million MT lithium deposits are globally available in an extractable form; Chile (8.6 MMT), Australia (2.8 MMT), Argentina (1.7 MMT), and China (1MMT) lead in terms of potential/extractable lithium reserves; Australia and China constituted more than 60% of world’s lithium production in 2019. In 2019, the production of lithium stood at 77 thousand MT whereas, the demand registered was 57.7 thousand MT. Thus, close to 20 thousand MT of lithium was over-produced and left unsold to be stocked later.”  Active mining stocks in the markets this week include:  First Energy Metals Limited (OTCQB: FEMFF) (CSE: FE), Standard Lithium Ltd. (NYSE: SLI) (TSXV: SLI), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), American Lithium Corp. (OTCQB: LIACF) (TSX-V:LI), Neo Lithium Corp. (OTCQX: NTTHF) (TSXV: NLC).

ReserachAndMarkets added that: “Li-ion battery prices dropped to 89% between 2010 and 2020, thereby increasing affordability of EVs to general public. The cost of lithium hydroxide is higher than that of lithium carbonate. However, increasing demand for the former in development of highly efficient Li-ion batteries will overtake that of the latter in the next few years. Lithium production has been free from any significant disruptions caused by COVID-19 pandemic. Also, the current high stock levels of lithium would be sufficient to buffer the industry.  Lithium producers will benefit from EV sales. The current EV stock is expected to double by 2030 and EVs are anticipated to displace conventional passenger vehicle sales by 10% towards the end 2025.”

First Energy Metals Limited (OTCQB: FEMFF) (CSE: FE) BREAKING NEWS:  Update – First Energy Metals Ltd. (“First Energy” or the “Company) is pleased to announce results of drill hole LC21-09 at its Augustus Lithium Property in Quebec, Canada. The drill hole intersected a 39 meters spodumene pegmatite in which a 7-meter-wide zone assayed 1.12 percent (%) lithium oxide (Li2O) at 11 metres (m) drilled depth. The Company is also pleased to announce commencement of Phase 2 drill program on December 6 at the Property by Forage Hebert Inc. Drilling of Amos, Quebec. The drilling company completed 5,847.15 Phase 1 drilling on the Property and is again contracted for this work.

Highlights:

ü  A 39 metres wide spodumene pegmatite intersection (from 7 to 46 m drilled depth) with average 0.17 % lithium (Li) or 0.37% Li2O. There are four higher grade intersections included within this wider pegmatite as listed below.

  • Seven-meter wide spodumene pegmatite zone with 1.12% Li2O at 11 m drilled depth.
  • Two-meter wide spodumene pegmatite zone with 0.90% Li2O at 22 m drilled depth.
  • Two-meter wide spodumene pegmatite zone with 0.74% Li2O at 26 m drilled depth.
  • Two-meter wide spodumene pegmatite zone with 0.31% Li2O at 44 m drilled depth.

Drill hole LC21-09 was drilled at Canadian Lithium / Beluga Prospect, UTM location: 284822E, 5368321N (NAD 1983 UTM Zone 18N), Azimuth 48.2 degrees, Dip -44.2 degrees with a total drilled depth of 147 m. All intersections reported are based on drilled width and have not been converted to the true width. The drill core was logged and sampled at the core shack using a rock saw. For quality control and quality assurance (QA/QC), field duplicates, standards and blanks were inserted at industry standard intervals. The samples were bagged and tagged using best practices and were delivered to Activation Laboratories (“ACTLABS”), Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2). ACTLABS is an independent commercial, accredited ISO Certified Laboratory. 

For the Phase 2 drill program, a B-20 drill rig has been deployed which has a capacity to drill up to 1,000-meter-deep hole. The core shack built during Phase 1 drilling at the village of St-Dominique du Rosaire located about 50km from the Property will be used for drill core logging, sample preparation and storage.

Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.  CONTINUED….  Read this release for the First Energy Metals news at:  https://www.financialnewsmedia.com/news-fe/   

Other recent mining developments in the markets include:

Lithium Americas Corp. (NYSE: LAC) (TSX: LAC) and Millennial Lithium Corp. recently announced that they have entered into a definitive arrangement agreement dated November 17, 2021 (the “LAC Arrangement Agreement“) pursuant to which Lithium Americas has agreed to acquire all of the outstanding shares of Millennial (each, an “ML Share“) by way of a plan of arrangement (the “LAC Transaction“) for C$4.70 per ML Share, payable in common shares of Lithium Americas (the “LAC Shares“) and C$0.001 in cash per ML Share (collectively, the “Purchase Price“), representing total consideration of approximately US$400 million. Based on Lithium Americas’ closing price on November 16, 2021, this consideration would result in Millennial Shareholders owning approximately 9.1% of Lithium Americas.

Prior to entering into the LAC Arrangement Agreement, Millennial terminated the arrangement agreement between Millennial and Contemporary Amperex Technology Co., Ltd. (“CATL“) dated September 28, 2021, as amended and assigned to Canada Brunp Contemporary (Investment) Inc. (“CBC“) on October 12, 2021 (the “CATL Arrangement Agreement“), in accordance with its terms.

“This transaction is a rare opportunity to add a complementary lithium brine project and leverage our expertise developing Caucharí-Olaroz as the largest new lithium carbonate operation to come online in over 20 years,” said Jonathan Evans, President and CEO of Lithium Americas. “We are confident Pastos Grandes can provide significant value for all shareholders as we execute on our growth strategy in the region over the coming years.”

Standard Lithium Ltd. (NYSE: SLI) (TSXV: SLI), an innovative technology and lithium project development company, recently announced that Koch Strategic Platforms (“KSP”), a subsidiary of Koch Investments Group, has completed its US$100 million investment in Standard Lithium through a direct private placement (the “Direct Investment”). The Direct Investment is intended to support the Company’s strategic development goals and will be used by the Company to pursue the following objectives:

Continue to rapidly advance the first commercial project proposed for the Lanxess facility; Accelerate and expand the Company’s development of the South West Arkansas Lithium Project; Continue to develop and commercialise modern lithium extraction and processing technologies and work collaboratively with Koch Engineered Solutions (“KES”) businesses; and, Allow for strategic project expansion.

The Company, along with several Koch Industries subsidiaries, is also exploring opportunities to work collaboratively in several key areas. These potentially include working with KES which provides key process equipment, engineering, procurement, and construction services; as well as Koch Minerals & Trading which is involved in the trading of many of the materials that will be required by the Company in the future, as well as the lithium products it intends to produce.

American Lithium Corp. (OTCQB: LIACF) (TSX-V:LI) recently announced that initial exploration drilling has been launched at TLC North (Big Smoky acquisition land) near Tonopah Nevada. Initial drilling has successfully drilled thick intersections (up to 96.9 m / 318 ft) of lithium-bearing claystone.

A drone magnetic geophysical survey is also being flown across a large portion of the TLC project area to provide detailed geophysical information as the Company finalizes the precise positioning of drill collars for its next phase of development drilling under its Plan of Operations filed in January 2021 and expected to receive final approval in mid-late December 2021.

Neo Lithium Corp. (OTCQX: NTTHF) (TSXV: NLC) recently announced positive results of a National Instrument 43-101 Feasibility Study (“FS”) for the production of lithium carbonate from its wholly owned Tres Quebradas lithium brine project (“3Q Project”) in Catamarca Province, Argentina.

The Technical Report, which is currently on QP review stage, was prepared by Worley, a leading global provider of professional project and asset services in the energy, chemicals and resources sectors with extensive experience in the design and construction of some of the largest and lowest cost lithium brine processing facilities in Chile and Argentina. The resource and reserve estimate were completed by brine resource and reserve experts Groundwater Insight Inc. (“Groundwater”).

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by First Energy Metals Ltd. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
Media Contact email: [email protected] 
+1(561)325-8757

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Glen Eagle Intersects True Width of 5.65 g/t Au Over 18 meters at La Esperanza II

  

TheNewswire – Glen Eagle Resources – December 9, 2021 (TSXV:GER) (“Glen Eagle” the “Company”, or “GER”) is pleased to announce its latest…

  

TheNewswire – Glen Eagle Resources – December 9, 2021 (TSXV:GER) (“Glen Eagle” the “Company”, or “GER”) is pleased to announce its latest drilling results on the gold enrichment zone discovered at La Esperanza II with drill hole LE-21- 003 intersecting 5.65 g/t Au over 18 meters of true width, including 9.21 g/t Au over 9 meters from surface. The new data confirms the thickness of the vein from previously reported drill hole LE-21-002, which intersected 3.04 g/t Au over 30.8 meters from surface while remaining open at depth as previously reported and detailed in a News Release dated November 24. 2021 along with drill hole LE-21-001 having intersected 6.4g/t Au over 8.2 meters.

The well defined gold formation, while remaining open in all directions, will provide Cobra Oro with an additional 2000 tons of good grade ore to supply its wholly owned gold processing plant based in Choluteca, Honduras.

The drilling results are presented in the table below and released as an update on the values that the Company has intercepted in the context of continuous and timely information regarding its current drilling. The data was provided by Cobra Oro laboratory and therefore non-compliant under instrument NI 43-101 but deemed reliable supported by 5 years of reporting accurate results regarding its dore bars testing analysis.

Hole #

From

To

Length

Gold

(m)

(m)

(m)

(gpt)

LE-21-003

0

1.5

1.5

8.86

 

1,5

3.0

1.5

14.91

 

3,0

4.5

1.5

4.68

 

4,5

6.0

1.5

11.90

 

6,0

7.5

1.5

7.26

 

7,5

9.0

1.5

7.64

 

9,0

12.0

3.0

1.60

 

12,0

13.5

1.5

3.42

 

13,5

15.0

1.5

0,90

 

15,0

16.5

1.5

0.48

 

16,5

18.0

1.5

4.49

 

Gilles Laverdière, P.Geo and a Qualified Person under NI 43-101 has read and approved the technical content 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.” 

 

Jean Labrecque

Glen Eagle Resources Inc

2075 Victoria Street, Suite 201

St-Lambert, Quebec

J4S-1H1

514-808-9807

Copyright (c) 2021 TheNewswire – All rights reserved.






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Peruvian Metals Continue to Achieve 100% Throughput at its Aguila Norte Plant and Reports Positive Adjusted EBITDA for Third Quarter

Edmonton, Alberta–(Newsfile Corp. – December 9, 2021) – Peruvian Metals Corp. (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased…

Edmonton, Alberta–(Newsfile Corp. – December 9, 2021) – Peruvian Metals Corp. (TSXV: PER) (OTC Pink: DUVNF) (“Peruvian Metals” or the “Company”) is pleased to provide an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte Processing Plant (“Aguila Norte” or the “Plant”) located in Northern Peru.

During the month of November, Peruvian Metals processed 2,997 metric tonnes (“tonnes”) of material for third parties. This amount exceeds the previous monthly record of 2,976 tonnes in October 2021. As of November, the Plant has processed 25,799 tonnes in 2021 exceeding total tonnes processed in 2019 of 18,510 and 2020 of 13,185 tonnes.

The Company is also pleased to report third quarter positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), representing a third consecutive quarterly positive EBITDA in 2021. Fourth quarter EBITDA performance is expected to reflect similar performance with continued investments into the Company’s wholly owned projects.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3210/107205_75d6744af449d850_002full.jpg.

Jeffrey Reeder, CEO of Peruvian Metals, comments: “We are again pleased to achieve full operating capacity. With the cash flow being generated, the Company has significantly improved its cash position while reducing its liabilities. The Company is reviewing its 100% owned mineral concessions to either establish secure mineral feed for the plant or to sell/JV our properties to third parties.”

Aguila Norte has an environmental permit (“IGAC”) from the Peruvian government which provides the Plant with the ability to expand operations past the current 100 mt per day level. With the steady processing of third-party mineral, the Company is continuing to improve our balance sheet and continuing negotiations to purchase and secure long-term sources of mineral.

Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation, or approved the scientific and technical disclosure contained in this news release.

About Peruvian Metals Corp.

Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high grade concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.

For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.

Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange: Symbol “PER”
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: [email protected]

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.

Disclosure Regarding Forward-Looking Statements: This press release contains certain “Forward-Looking Statements” within the meaning of applicable securities legislation. We use words such as “might”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate”, “forecast” and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107205




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