VANCOUVER, British Columbia, Nov. 30, 2021 (GLOBE NEWSWIRE) —( ) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or “the Company”) hereby notifies that it has filed an amended and restated preliminary economic assessment (the “Amended and Restated PEA”) for Osino’s Twin Hills Gold Project, entitled “Amended and Restated Twin Hills Gold Project, Namibia, Preliminary Economic Assessment, National Instrument 43-101 Technical Report” having an effective date of July 14, 2021. The Amended and Restated PEA is being filed to include new qualified persons and correct minor deficiencies under National Instrument 43-101—Standards of Disclosure for Mineral Projects (“NI 43-101“).
For additional information, please refer to the Amended and Restated PEA filed on SEDAR under the Company’s profile at www.sedar.com which contains more comprehensive technical information, which was also summarized in the Company’s news release dated July 14, 2021.
Qualified Person’s Statement
David Underwood, BSc. (Hons) is Vice President Exploration ofand has reviewed and approved the scientific and technical information in this news release and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No.400323/11) and a Qualified Person for the purposes of National Instrument 43-101.
About Osino Resources
Osino is a Canadian gold exploration and development company focused on the advancement of the Twin Hills gold project in central Namibia. Twin Hills was discovered by Osino in 2019 and is currently in the growth and de-risking phase whilst being fast-tracked to production.
Osino also has a large ground position of approximately 6,700km2 located within Namibia’s prospective Damara sedimentary mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto Gold Mines. The Company is actively advancing a range of other gold prospects and targets along the belt by utilizing a portfolio approach geared towards discovery, targeting gold mineralization that fits the broad orogenic gold model.
Our core projects are favorably located in central and northern Namibia within easy driving distance from the capital city Windhoek. By virtue of their location, the Projects benefit significantly from Namibia’s well-established infrastructure with paved highways, railway, power and water in close proximity. Namibia is mining-friendly and lauded as one of the continent’s most politically and socially stable jurisdictions.
Osino continues to evaluate new ground with a view to expanding our Namibian portfolio.
Further details are available on the Company’s website at https://osinoresources.com/
Julia Becker: Investor Relations Manager
Tel: +1 (604) 785 0850
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company’s recently completed financings, and the future plans or prospects of the Company, including prospects for economic recoverability of mineral resources. Generally, forward-looking information 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 variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management’s discussion and analysis which is available on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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 press release.
Gratomic Announces Extension of Closing of $27 Million Non-Brokered Private Placement
NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE…
NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
TORONTO, ON / ACCESSWIRE / January 21, 2022 /(“Gratomic”, “GRAT” or the “Company”) ( ) (OTCQX:CBULF) (Frankfurt:CB82) announces that, further to its Press Release of December 15, 2021, the previously announced non-brokered private placement offering of $27,020,000 is fully-subscribed. The offering consists of 19,300,000 working capital units (“WC Units“) priced at $1.40 per WC Unit for gross proceeds of $27,020,000 (the “Offering“). The final closing of the Offering will be extended until February 8, 2022.
Each WC Unit consists of one (1) common share and one quarter (0.25) of a common share purchase warrant. Each full warrant (a “WC Warrant“) entitles the holder to purchase one (1) common share (a “WC Warrant Share“) at a price of $1.45 per WC Warrant Share until the date which is six (6) months following the Closing of the Offering. The closing of the offering will be extended until February 8, 2022. It is anticipated that a first closing will be effected on January 26, 2022 with a final closing scheduled for February 8, 2022.
Eligible Finders may receive 5% of the value of proceeds of the sale of WC Units in cash. The Company has agreed to pay First Republic Capital Corporation (“First Republic“) a corporate finance fee equal to 2% of the gross proceeds of the Offering as consideration for waiving its right of first refusal in respect of the Offering. First Republic will have the right to place up to $5,000,000 of the Offering with its clients and will receive an additional cash fee of 3% in respect of any WC Units placed by First Republic.
Proceeds from the Offering will be used for operating capital for the Company’s Aukam Project ($17 million), exploration for the Company’s Capim Grosso Property ($6 million) and general working capital ($4 million). The Offering is subject to TSX Venture Exchange approval. The securities issued will be subject to a four-month and one day hold period.
Arno Brand CEO & President commented, “It is a testament to the Company to receive this level of support from the market, clearly our goal to create value for our shareholders is well received. We will maintain our commitment to transparency and thank all of Gratomic’s stakeholders for their continued support.”
Insiders of the Company may subscribe for up to 10% of the WC Units under the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101“) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to the insiders does not exceed 25% of its market capitalization.
The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Gratomic is a multinational company with projects in Namibia, Brazil, and Canada. The Company is focused on becoming a leading global graphite supplier and aims to secure a strong position in the EV battery supply chain. With the continued development of its flagship Aukam project and further exploration on the Company’s Capim Grosso property, Gratomic sets itself apart by seeking out unique top-quality assets around the world. True to its roots, the Company will continue to explore graphite opportunities displaying potential for development.
Large quantities of high-quality vein graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the test results will provide a unique competitive advantage in its desired target markets. The Company will continue to update the public on the status of these tests and will provide results as soon as they become available.
The Company has formed a collaboration agreement with Forge Nano. With its patented ALD coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies towards the value-added phases of production of graphite for anode applications, namely micronization, spheronization and coating, making Gratomic graphite a preferred choice for use in lithium-ion batteries.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at [email protected] or (416) 561- 4095
Subscribe at gratomic.ca/contact/ to be added to our email list.
For Marketing and Media information, please 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.”
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)
View source version on accesswire.com:
CORRECTION — Robex Resources Inc.: Excellent December Performance Continuing Into January
CITY OF QUEBEC, Jan. 21, 2022 (GLOBE NEWSWIRE) — Please note that there was an error in a press release issued by Robex Resources Inc. (TSXV: RBX) under…
CITY OF QUEBEC, Jan. 21, 2022 (GLOBE NEWSWIRE) — Please note that there was an error in a press release issued by( ) under the same headline on January 18, 2022, at 09:30 am EST. The corrected release follows:
(“Robex”, the “Group” or the “Company”) ( )
Record December production
is pleased to announce a record production in December 2021 with a monthly tonnage of 192,024 tonnes at a grade of 0.94 g/t, producing 166 kg (5,337 oz of doré).
This production rate continues with 95,877 tonnes of ore processed during the first 15 days of January.
The new mining plan established this year enabled us to optimize the Nampala resources. The results confirm this strategy’s effectiveness:
We have seen a continuous improvement throughout 2021:
- Tonnage was up strongly, which is explained by the commissioning of multiple investments: first the cone crusher, then in December the new cyclone pumps that enabled us to achieve the December production record. Investment in a new crusher feeder planned for 2022 should enable us to further improve the plant’s efficiency.
- Steady improvement in grade and stripping ratio with the new mining plan.
Improvement in production costs
The combined effect of tonnage increase, grade improvement and lower stripping ratio have significantly improved production costs.
In addition to these production improvements, Robex continues to actively pursue its ambitions for external growth. Accordingly, and as previously announced, management is currently examining various projects to implement the Company’s business plan and achieve its new objectives.
Situation in Mali
Robex is closely monitoring developments in Mali and the possible consequences of international decisions on the mining sector.
For the moment, operations continue as usual with no particular impact.
For more information, the Robex management report and summary interim consolidated financial statements (unaudited) are available on the Company’s website in the Investors section. These reports and other documents produced by the Company are also available at: sedar.com.
A word from the chairman, Mr. Georges Cohen:
“Once again, I congratulate the team for the great work and the improvement in Nampala’s results.
This press release allows me also to thank all our employees in Quebec and Mali for their accomplishments and wish them and our shareholders a great 2022.”
is a TSX-V listed Canadian mining company with exploration properties in Mali and an operating mine. The group has a strong business model, which demonstrated great results with the Nampala mine. With this experience, Robex is now striving to grow in West Africa by acquiring and/or developing new mines.
For more information:
Benjamin Cohen, CEO
Aurélien Bonneviot, investors relations and corporate development
Head office: +1-581-741-7421
This press release contains statements that may be considered “forecast information” or “forecast statements” in terms of security rights. These forecasts are subject to uncertainties and risks, some of which are beyond the control of Robex. Achievements and final results may differ significantly from implicit or explicit forecasts. These differences can be attributed to many factors, including market volatility, the impact of the exchange rate and interest rate fluctuations, mispricing, the environment (tighter regulations), unforeseen geological situations, unfavourable operating conditions, political risks inherent in mining in developing countries, changes in government politics or regulations (laws and policies), an inability to obtain necessary permits and approvals from government agencies, or any other risk associated with mining and development. There can be no assurance that the circumstances set out in these forecasts will occur, or even benefit Robex. The forecasts are based on the estimates and opinions of the Robex management team at the time of publication. Robex makes no commitment to make any updates or changes to these publicly available forecasts based on new information or events, or for any other reason, except as required by applicable security laws. The TSX Venture Exchange or the Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) assumes no responsibility for the authenticity or accuracy of this press release.
Rockhaven Resources: Advancing Toward Production, CEO Clip Video
Vancouver, British Columbia–(Newsfile Corp. – January 21, 2022) – Rockhaven Resources Ltd. (TSXV: RK) – Matt Turner, President & CEO, gives his insight…
Vancouver, British Columbia–(Newsfile Corp. – January 21, 2022) –( ) – Matt Turner, President & CEO, gives his insight on the company’s Klaza Project.
If you cannot view the video above, please visit:
will be featured on CEO Clips broadcast on BNN Bloomberg on Jan 22nd & Jan 23rd, 2022.
About CEO Clips:
CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 90 second video profiles broadcast on national TV and online via 12 financial sites including: Thomson Reuters, Bloomberg, Yahoo! Finance and Stockhouse.com.
BTV – Business Television/CEO Clips
Discover Companies to Invest in
Contact: Trina Schlingmann (604) 664-7401 x 5 [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111072
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