SilverCrest Metals Inc. (TSXV: SIL.V; OTCQX: SVCMF) is a Canadian precious metals exploration company headquartered in Vancouver, BC , that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company is led by a proven management team in all aspects of the precious metal mining sector, including the pioneering of a responsible "phased approach" business model taking projects from discovery, finance, on time and on budget construction, and production with subsequent increased value to shareholders.
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NEW YORK, July 17, 2018 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ:MERC) (TSX:MERC.U) will release its first quarter results for the period ended June 30, 2018 on Thursday, July 26, 2018, after the close of the market. David M. Gandossi, President and Chief Executive Officer and David K. Ure, Senior Vice President Finance, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, July 27, 2018, at 10:00 am ET to discuss the results. The call can be accessed by dialing one of the following:
North America: (888) 241-0326
Conference ID: 1057229
Listeners can also access the conference call live over the Internet by clicking on or copying and pasting the following link into their web browser:
A recording of the completed conference call can be accessed for fifteen days through a link on the Company's home page at http://www.mercerint.com, or by dialing (855) 859-2056 and entering Conference ID 1057229.
Please allow 15 minutes prior to the call to visit the site and download and install any necessary audio software. For additional information on accessing the call, please contact Daniela Navarria of Mercer International at email@example.com or (604) 639-4602.
Mercer International Inc. is a global forest products manufacturing company with operations in Germany and Canada with a consolidated annual production capacity of approximately 1.5 million tonnes of NBSK pulp and 550 million fbm of softwood lumber.
David K. Ure, CPA, CGA
TORONTO, July 17, 2018 (GLOBE NEWSWIRE) -- Asian Mineral Resources Limited (“AMR” or the “Company”) (TSX-V:ASN) is pleased to announce that all resolutions presented before the Company’s shareholders at the Annual & Special Meeting held today, including board membership, appointment of auditors, approval of the continuance of the Company’s stock option plan, the sale of the Company’s 90% ownership interest in the Ban Phuc Nickel Mine (the “Sale Transaction”) and share consolidation were passed. Elected as directors of the Company were Robin Widdup, Christopher Castle and Duncan Blount. Full voting results for all resolutions are set forth below:
1. Number of Directors
2. Election of Directors
3. Appointment of Auditors
4. Approval of Continuance of Stock Option Plan
5. Disposition of Ban Phuc Nickel Mine
6. Share Consolidation
Following such approval of the Sale Transaction by AMR shareholders, the Company has closed the transaction today. This transaction, as previously announced on May 14, 2018, has allowed AMR to achieve an orderly and clean exit from Vietnam and move forward to focus on exploring new investment opportunities in resource-based companies. In connection with this focus, the Company has today entered into an option agreement with Island Time Exploration Limited for the exclusive right to acquire up to 75% interest in four mineral titles totalling 3,687 hectares situated east of Duncan in the Victoria Mining Division (the “Holt Option Agreement”), whose primary target is volcanogenic, polymetallic massive sulphides, in consideration for a fee of $100,000, payable by way of a promissory note, and incurring up to an aggregate of $300,000 of exploration and development expenditures on the property over the next 18 months. The Company will provide a further update on its progress with this investment opportunity and any other new opportunities in due course.
Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Such statements can typically be identified by terminology such as ‘‘may’’, ‘‘will’’, ‘‘could’’, ‘‘should’’, ‘‘expect’’, ‘‘plan’’, ‘‘anticipate’’, ‘‘believe’’, ‘‘intend’’, ‘‘possible’’, ‘‘continue’’, “objective” or other similar expressions concerning matters that are not historical facts.
In particular, this press release contains forward-looking statements pertaining, among other things, to the Holt Option Agreement and the Share Consolidation. In making forward-looking statements, the Company may make various material assumptions, including but not limited to (i) obtaining necessary regulatory approvals; (ii) the completion of the Holt Option Agreement or the Share Consolidation; (iii) the expected effect of the Holt Option Agreement and the Share Consolidation on the price of the Company’s common shares and (iv) general business, market and economic conditions.
Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. AMR does not undertake to update any forward-looking statements; such statements speak only as at the date made.
Going Concern Risk
As described in AMR’s most recent Management Discussion & Analysis, the continuing operations of the Company are dependent upon its ability to continue to raise adequate financing, to commence profitable operations in the future, and repay its liabilities arising from normal business operations as they become due. There remains a significant risk that the Company is unable to find alternative sources of financing for on-going working capital requirements. These material uncertainties cast significant doubt upon the Company’s ability to continue as a going concern.
Failure to obtain sufficient financing could force the Company into reorganization, bankruptcy or insolvency proceedings. Additional financing may not be available when needed or, if available, the terms of such financing might not be favourable to the Company and might involve substantial dilution to existing shareholders. Failure to raise capital when needed would have a material adverse effect on the Company’s ability to pursue its business strategy, and accordingly could negatively impact the Company’s business, financial condition and results of operations.
For further information:
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.
VANCOUVER, British Columbia, July 17, 2018 (GLOBE NEWSWIRE) -- District Copper Corp. (“District Copper” or the “Company”) (TSX-Venture:DCOP) is pleased to announce that it has closed the first tranche of the flow-through shares portion of its non-brokered private placement announced on June 29, 2018 through the issuance of 6,470,352 flow-through shares for gross proceeds of CDN$549,979.92.
As compensation for the placement of flow-through shares in Tranche One, District Copper paid finder’s fees of cash commissions in the amount of $30,000 and issued 352,942 finder’s warrants both calculated at 6% of the amount placed by the eligible finders.
The securities issued in Tranche One consisting of flow-through shares, finder’s warrants and any shares acquired by the holders on the exercise of the finder’s warrants are subject to a four month hold expiring on November 13, 2018
The flow-through proceeds of the Offering raised in Tranche One will be used for the continued development of the Company’s British Columbia mineral resource properties including the Eaglehead property located in the Liard Mining Division.
About District Copper
District Copper is a Canadian company engaged in exploration for porphyry copper-gold-molybdenum deposits in northwestern British Columbia.
For further information, please visit the website at www.districtcoppercorp.com to view the Company’s profile or contact Jevin Werbes at 604-620-7737.
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.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.
Cautionary Statement on Forward Looking Statement
Certain information contained in this news release, including information as to our strategy, projects, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance, constitute “forward looking statements”. Actual results may differ materially from those indicated by such statements. All statements, other than historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. 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 information in this news release includes, but is not limited to, statements about the exploration program at the Eaglehead project; the resource estimate at the Eaglehead project; and statements about District Copper’s strategy, future operations and prospects.
A more complete discussion of the risks and uncertainties facing District Copper is disclosed in District Copper's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and District Copper disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
PHOENIX, July 17, 2018 (GLOBE NEWSWIRE) -- Uptick Newswire today announced Aben Resources, Ltd. CEO, Jim Pettit’s interview on Uptick Newswire’s Stock Day podcast.
“Since your last visit to our show the Company was trading around $0.09, it is now trading between $0.18 and $0.19 and trading good volume. Can you tell me about the results of drilling last year?” asked Jolly.
“We drilled about 2,500 meters last year,” said Pettit. “It turned out to be nine holes. We hit a pretty significant structure, 21 gram gold, 28 gram silver and 3% copper. The whole mineralized zone is well over 300 meters, so it is a very broad-based zone that has very high grade cores.”
“The Company’s most recent project is the Forrest Kerr Project in a region in British Columbia called the Golden Triangle,” said Jolly. “Where they began an 18-hole project.”
To listen to the full interview please click here to the following link: https://upticknewswire.com/featured-interview-ceo-jim-pettit-of-aben-resources-ltd-otcqb-abnaf-2/
About Aben Resources:
For further information on Aben Resources Ltd. (TSX-V:ABN), visit our Company’s web site at www.abenresources.com.
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 release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management 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 the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
About Uptick Newswire and the “Stock Day Podcast”
Source: Uptick Newswire
VANCOUVER, British Columbia, July 17, 2018 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V:ULI) (“ULI” or “the Company”) is pleased to announce that it has started bench scale evaporation testwork on brine samples from Salar Laguna Verde in Argentina.
A four cubic metre (4,000 litres) brine sample taken from Laguna Verde discovery zone was shipped to the Company’s portable laboratory which is currently set up in Salta, Argentina. The sample will be evaporation tested to evaluate the process design for producing various lithium salts in controlled temperature, wind, humidity and pressure conditions. ULI will also perform Lithium recovery analysis as part of this testwork.
Assay results from most recent sampling work at Laguna Verde indicated lithium values in the range of 34.2 parts per million (ppm) to 1270 ppm with average lithium concentration of 526 ppm (see Company’s press release dated February 21, 2018).
Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “Exploration work at Ultra Lithium’s brine projects in Argentina is progressing well thanks to the hard work of the field crew especially in harsh winter weather conditions. Evaporation testwork is a big milestone towards developing a scoping study for potential production of lithium salts and concentrate. We are looking forward to results of this work in about three months’ time.”
The evaporation testwork is contracted to Mr. Horacio Garkus of Servicios Mineros, Salta Argentina. Mr. Garkus is a consulting geologist with expertise in brine type lithium exploration and development in Argentina.
ON BEHALF OF THE BOARD OF DIRECTORS
Kiki Smith, CFO
About Ultra Lithium Inc.
For further information, please contact the Company at:
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49 North Resources Inc. ( TSX:FNR.V ) is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.
A-Cap Resources ( ASX:ACB.AX ) engages in the exploration of mineral properties primarily in Australia and Africa. It principally explores for uranium.Through A-Cap’s extensive exploration program it has achieved its goal of becoming the first company to produce a compliant resource in Botswana from the Letlhakane and Serule Projects. The Company firmly believes that as further exploration dollars are spent in Botswana it will become a significant contributor to the world uranium inventory.
Abacus Mining & Exploration ( TSX:AME.V ) is an exploration and mine development company with a 43-101 compliant positive preliminary economic assessment report (June 22, 2009) for its Ajax copper-gold project located 10 km southwest of Kamloops, British Columbia. Sensitivity analyses therein indicate a NPV of $1.46 billion discounted 8% over a 23 year mine life, with an IRR of 35.4%, cash costs of $0.90 per pound copper, and payback of 2.0 years using metal prices approximating US$3.00 per pound copper and US$1,000 per ounce gold. The Ajax extension remains open along strike and at depth. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Abbastar Resources Corp . ( TSX:ABA.V ) is an aggressive junior exploration company focused on identifying high potential gold deposits in politically stable, mining friendly districts. Abbastar's present focus is its high-grade Talbot Lake project, located within the world-renowned gold producing region, the Uchi Subprovince of North Western Ontario, Canada.
Abcourt Mines ( TSX:ABI.V ; OTCPK:ABMBF ) is an exploration and development company with strategically located properties in northwestern Quebec, Canada. The Elder Mine with 43-101 gold resources, the Abcourt-Barvue Project with 43-101 silver-zinc ore reserves and resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Elder and Abcourt-Barvue projects back into production with Elder as the first priority. At the same time the company is working on other projects (Aldermac, Jonpol and Vendome) to increase its mineral resources inventory. A 43-101 resource calculation was completed in July, 2009, for the Elder Mine. A positive 43-101 feasibility study was completed by GENIVAR in 2007 on the Abcourt-Barvue Project. In addition, mill equipment was purchased.
Aberdeen International ( OTCPK:AABVF ) is a publicly-traded global resource investment and merchant banking company focused on small cap companies in the Resource sector. We have a highly Experienced Management Team with a Global network to generate deal flow. Our Team has raised and financed over $1 Billion in the last five years in the Mining and Resource sector
ABM Resources Ltd ( ASX:ABU.AX ) explores for various mineral properties, principally gold, uranium, zinc, lead, and copper in Australia, Mozambique, and Zambia. Its principal properties include Mimosa gold property in Mozambique; Broads Dam, Erayinia, Gascoyne, and Harbutt Range properties in Western Australia; and Myunga and Kandole Hill copper and gold properties in Zambia.
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