MONTREAL, QC / ACCESSWIRE / August 24, 2021 / Sphinx Resources Ltd. ("Sphinx" or the "Corporation") (TSXV:SFX) is pleased to announce the appointment of Daniel Deschambault as Chief Executive Officer and President, effective immediately. He is also being appointed a Director. Jeremie Ryan has resigned as Chief Executive Officer and President as well as Director, but will remains available for the transition process.
Mr. Deschambault is a member of the Chartered Public Accountants for 35 years and was a Certification Partner for 22 years for a major Canadian firm. He has acquired good experience in the mining field and more particularly in mineral exploration and also participated in mergers and acquisitions and sale of companies.
Sphinx will continue to evaluate any business opportunities that could improve the return for its shareholders.
On behalf of the Board, Pierre-André Viens stated: "We are pleased to have Mr. Deschambault take on the role of CEO and President, and also to welcome him as a member of the Board. We would like also thank Mr. Ryan for his involvement in the Corporation since 2018".
Sphinx is pleased to announce that 3,000,000 stock options (the "Options") have been granted to Mr. Deschambault. These Options have an exercise price of $0.05 per share and are exercisable during a 10-year period. All Options will vest in three equal tranches. These Options have been granted in accordance with Sphinx's stock option plan.
Sphinx is a mineral exploration company that focuses its activities in southwestern Quebec in search of deposits of precious metals (gold, silver, palladium and platinum) and base metals (copper, zinc and lead).
For further information, please consult Sphinx's website or contact:
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.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Sphinx's periodic reports including the annual report or in the filings made by Sphinx from time to time with securities regulatory authorities.
All forward-looking statements in this press release are made as of the date of this press release. Sphinx does not undertake to update any such forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Sphinx Resources Ltd.
View source version on accesswire.com:
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Ceylon Graphite Received Approval to Extend Warrant Exercise Period
VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC:CYLYF) (FSE: CCY) is pleased to…
VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC:CYLYF) (FSE: CCY) is pleased to announce that, further to its press releases of October 1 and 14, 2021, it has received TSX-Venture Approval to amend (the "Amendment") the terms of an aggregate of 10,500,000 warrants (each, a "Warrant") issued by Ceylon in connection with its non-brokered private placement which closed in two tranches on October 16, 2019 and December 6, 2019, respectively.
Pursuant to the terms of the Amendment, the expiry date of the Warrants have been amended such that 8,000,000 Warrants will expire on October 16, 2022 and 2,500,000 warrants will expire on December 6, 2022.
All other terms and conditions of the Warrants will remain unchanged.
About Ceylon Graphite Corp.
Ceylon Graphite is a public company listed on the TSX Venture Exchange, that is in the business of mining for graphite, and developing and commercializing innovative graphene and graphite applications and products. Graphite mined in Sri Lanka is known to be some of the purest in the world and has been confirmed to be suitable to be easily upgradable for a range of applications including the high-growth electric vehicle and battery storage markets as well as construction, healthcare and paints and coatings sectors. The Government of Sri Lanka has granted the Company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd. an IML Category A license for its K1 mine and exploration rights in a land package of over 120km². These exploration grids (each one square kilometer in area) cover areas of historic graphite production from the early twentieth century and represent a majority of the known graphite occurrences in Sri Lanka.
Further information regarding the Company is available at www.ceylongraphite.com
Don Baxter, Chief Executive Officer
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
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements about Ceylon Graphite’s grids, Ceylon Graphite’s plans to undertake additional drilling and to develop a mine plan, and to commence establishing mining operations. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Ceylon Graphite, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various Local Government Licenses and the market. 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. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, an inability to reach a final acquisition agreement, inaccurate results from the drilling exercises, a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents, an inability to access financing as needed, a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Ceylon Graphite, a failure to comply with environmental regulations and a weakening of market and industry reliance on high quality graphite. Ceylon Graphite cautions the reader that the above list of risk factors is not exhaustive.
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Jervois Delivers First Blast of West Portal at Idaho Cobalt Operations
– Jervois has commenced underground construction of its 100%-owned Idaho Cobalt Operations (“ICO”).
– During the last quarter…
- Jervois has commenced underground construction of its 100%-owned Idaho Cobalt Operations (“ICO”).
- During the last quarter Jervois has conducted portal bench construction and extension work to enable development of the mine to start in Q4 2021.
- The start of underground construction marks the first time in decades the United States will have a primary cobalt mine.
- With Jervois’s commencement of underground work, the United States has taken an important leap forward toward a secure cobalt supply chain.
- Jervois is committed to building an ethical, sustainable and secure Western alternative to the current cobalt supply chain, and to working with its diverse customer base across key strategic industries in the United States, Europe and Japan.
- ICO construction, procurement and engineering schedule remains on track, with commissioning and first production of cobalt concentrate expected from mid-2022.
- Separate copper concentrates also expected to be produced and sold to North American customers in parallel, with current copper prices significantly above the US$3.00 per lb applied in the ICO Bankable Feasibility Study (“BFS”).
TheNewswire - 19 October 2021 - Jervois Global Limited (“Jervois” or the “Company”) (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) is pleased to advise that underground construction of its 100%-owned Idaho Cobalt Operations (“ICO”) in the state of Idaho, United States, has commenced.
This historic step marks the first time in decades that the United States will have a primary cobalt mine within its borders. With Jervois’s commencement of underground work, the United States has taken an important leap forward toward a secure cobalt supply chain. The Biden Administration recently discussed the perilous situation faced by the United States related to cobalt in its high-profile review of supply chain vulnerabilities. Jervois looks forward to continuing its work with political leadership in the United States, particularly with Governor Brad Little to consolidate on strong support received by the Company from Idaho and its congressional delegation.
Cobalt is a crucially important material for both defense and civilian applications. The electrification of the United States and global transportation sectors are currently and expected to continue driving exceptional cobalt demand growth. Jervois Global is committed to building an ethical, sustainable and secure Western alternative to the current cobalt supply chain, and to working with its diverse customer base across a wide range of key strategic industries in the United States, Europe and Japan.
Over the last three months portal bench construction and extension work has been conducted as part of the early works package which has enabled the mine to start in Q4 2021. Construction consisted of highwall exposure and cut and fill and compaction during Q3 2021, completed by local contractor Scarrow Excavation. Western United States underground mining contractor, Small Mine Development (“SMD”), completed bolting and meshing of the highwall above the east and west portal as well as the installation of a rock fall fence to protect critical infrastructure.
Initially a 2-foot advance blast was initiated on the west portal (see attached photographs). The blast was designed to protect the portal face as part of the development of the mine. Prior to the blast, a 62-foot advance pilot hole was drilled and confirmed dry, reaffirming the decision to initiate development of the early works construction to access the RAM deposit, the initial orebody underpinning Jervois’s published Bankable Feasibility Study (“BFS”) on the development of ICO in September 2020. First ore is anticipated to be reached in Q1 2022.
Broader site construction activity continues, and first draw down of the US$100 million bond offering continues to be anticipated in Q4 2021. ICO construction, procurement and engineering schedule remains on track, with commissioning and first production of cobalt concentrate expected from mid-2022. Separate copper concentrates also expected to be produced and sold to North American customers in parallel, with current copper prices significantly above the US$3.00 per lb applied in the ICO BFS.
On behalf of Jervois
Bryce Crocker, CEO
For further information, please contact:
Investors and analysts:
Chief Financial Officer
Mob: +61 420 582 887
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “expected” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the timing construction activities at ICO, the timing of productions at IC, future demand for cobalt and certain other factors or information. Such statements represent Jervois’ current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Jervois, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Jervois does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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.
West Portal – Post Blast
West Portal working face exposed
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Scottie Resources Appoints CFO
VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) — Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to…
VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to announce the appointment of Lisa Peterson to the position of Chief Financial Officer.
Ms. Peterson brings over 13 years’ experience within the mining, renewable energy, infrastructure, and professional services industries. Most recently, she served as Vice-President of Corporate Reporting & Global Accounting at SkyPower Global, a large-scale, international, renewable energy developer, and provider. Prior to joining SkyPower Global, Ms. Peterson spent 3 years at Barrick Gold Corporation as Chief of Staff Capital Projects and Chief of Staff of the Frontera District in Argentina within their technical services, project development, and life of mine planning group. In these roles, she helped advance large-scale projects, liaised with stakeholders and joint venture partners, and performed value assurance reviews on the companies’ operating and expansion assets. Prior to joining Barrick, Ms. Peterson worked at KGHM and NewGold Inc. within the Corporate Reporting & Finance groups.
Ms. Peterson started her career in finance and accounting at KPMG. She is a Chartered Accountant and holds a Bachelor of Business Administration degree from Simon Fraser University.
The Company wishes to thank outgoing Chief Financial Officer, Stephen Sulis, for his contributions to the Company, and wishes him well in his future endeavours.
“I am pleased to announce a great addition to the Scottie leadership team with the appointment of Ms. Peterson,” comments Bradley Rouke, Chief Executive Officer. “Lisa’s expertise and diverse experience will be an enormous asset to Scottie.”
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100% interest in Summit Lake claims which are contiguous with the Scottie Gold Mine property. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing Georgia River Mine, as well as the Cambria Project properties and the Sulu property. Altogether Scottie Resources holds more than 52,000 ha of mineral claims in the Stewart Mining Camp in the Golden Triangle.
The Company’s focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. The Company’s focus is on expanding the known mineralization around the past-producing mine while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource.
All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts.
|Brad Rouke||Gordon Robb|
|President and CEO||Business Development|
|+1 250 877 9902||+1 250 217 2321|
|[email protected]||[email protected]|
Forward Looking Statements
This news release may contain 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. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
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