The Board of Directors of ALBemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.395 per share. The dividend, which has an annualized rate of $1.58 is payable October 3, 2022 to shareholders of record at the close of business as of September 16, 2022 .
About Albemarle Corporation ALBemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.
We regularly post information to www.albemarle.com , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.
Forward-Looking Statements Some of the information presented in this press release, including, without limitation, information related to future dividends and results, and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.
View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-corporation-announces-dividend-301588525.html
News Provided by PR Newswire via QuoteMedia
Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") today announces results from the Phase II drilling program at its Far Lake Copper-Silver project located 80 km west of Thunder Bay, Ontario. The second phase of drilling at Far Lake totaled 2,696 m and was designed to test new areas associated with surface mineralization as well as various chargeability anomalies outlined by a deep, 3D IP geophysical survey. Highlights from this latest campaign include copper mineralization in the previously untested Centre Pond zone, intersected at a drill hole depth of 338 m (DDH FL-21-17).
Benton continues to be encouraged by the Cu mineralization identified in this intrusive complex and will continue to model the data collected for further targeting on the project. The Company is presently collecting up to 3,500 soil samples for multi-element analysis and is actively mapping and prospecting the property to generate further targets for drilling later this year. Geochemical anomalies identified in 2020 soil sampling led to the discovery at FL-20-11.
Additional sampling of DDH FL-20-11 (drilled in the first campaign) increased the width of a previously released mineralized interval by 4 m, expanding the mineralized zone to 0.15% Cu over 64.2 m including 0.35% Cu over 15.6 m and 1.08% Cu and 1.63 g/t Ag over 2.6 m.
Drill hole FL-20-11 is located approximately 1,800 m NW along the same structure as the Far Lake Discovery Zone where surface sampling produced Cu grades up to 22% over 0.7 m and first phase drill results yielded intercepts of 0.19% Cu and 0.34 g/t Ag over 33.6 m including 1.11% Cu and 1.33 g/t Ag over 3.1 m (FL-20-03). The Discovery Zone continues to be interrupted by mafic dykes and the Company continues to model the dykes to better understand the structure controlling mineralization and to avoid hitting them in future drilling within the mineralized zones.
Drill holes FL-21-13 & 14 were drilled in the vicinity of hole FL-20-11 (0.15% Cu over 64.2 m) and were successful at intersecting the granodiorite with advanced argillic alteration that hosts up to 5% chalcopyrite locally. Additionally, the granodiorite includes moderate phyllic (chl-ser), propylitic (qtz-epi-carb) and weak potassic (kspar-alb-qtz) alteration. Highlights from these holes include 0.25% Cu over 3 m and 0.12% Cu over 3 m, in holes 13 and 14 respectively.
FL-21-15 was nearly a 200 m eastern step-out from FL-20-11 and again intersected a chalcopyrite mineralized altered granodiorite containing up to 0.1% Cu over 14 m.
FL-21-16 was the deepest hole of the campaign and targeted a deep IP chargeability anomaly coinciding with mineralized surface samples. Anomalous copper mineralization was encountered throughout the hole, but more importantly intersected a major lithological contact between granitic and metasedimentary rocks at depth, which will be important when mapping the units on the property.
FL-21-17 was drilled 425 m below the Centre Pond zone and intersected mainly red granite with strong potassic, hematite alteration with magnetite. The coarse, red granite contains blebby chalcopyrite and pyrite. Highlights include 0.16% Cu over 6 m.
FL-21-18 targeted an airborne VLF anomaly along strike of the discovery zone. Copper mineralization was insignificant, but the hole intersected a wet structure that could account for the anomaly.
FL-21-19 was drilled below the discovery zone at depths deeper than the first phase of drilling. Sulphide mineralization is primarily seen as blebby or disseminated pyrite in zones of strong deformation as well as chalcopyrite in zones of strong deformation, as blebs in a silica-infilled breccias or as wisps in a quartz vein. Highlights include 0.13% Cu over 23 m.
FL-21-20 was a southern step-out from hole 19 and designed to intersect high-grade copper at depth. Unfortunately, this hole encountered another wide intrusive gabbro at an unexpected depth and angle and the mineralized zone was nearly missed altogether. Mineralized intervals include 0.12% Cu over 1.4 m and 0.11% Cu over 3 m.
In addition to copper mineralization, the campaign intersected weakly anomalous uranium in FL-21-16 (21ppm U over 10 m) and FL-21-19 (23.8ppm over 9 m).
Up-to-date copper results from Far Lake drilling are as follows:
*Previously released results **No significant assays
A map showing the location of each hole is available on the Company's website (www.bentonresources.ca).
The Company would also like to announce that it has made the first anniversary payment pursuant to its option agreement with White Metal Resources Corp. ("White Metal") on the Far Lake property (see Company news release dated May 20, 2020). The Company paid White Metal $30,000 and issued 400,000 common shares of the Company.
Benton continues to be very encouraged by the progress made by Clean Air Metals Inc. ("Clean Air"), in which Benton holds 24.6 million shares. Clean Air has two drill rigs operating on the Thunder Bay North and Escape Lake Copper-Nickel-PGM projects and has released excellent drill results from its ongoing drill campaign. Benton looks forward to receiving ongoing encouraging drill results and future project advancement.
Benton also holds 3,940,000 shares of Quadro Resources Ltd, which is advancing various projects in Newfoundland and Ontario. Additionally, Benton holds 3.6 million shares of Maxtech Ventures Inc. Maxtech has an Option and Joint Venture agreement on Benton's Panama Lake gold project in the Red Lake mining region. Further, Benton holds 1.36 million shares of Metallica Metals advancing Benton's Saganaga (Starr) Gold project, and 1.0 million shares of Sokoman Minerals Corp. which continues to release excellent drill results from its Moosehead Project in Newfoundland. Benton recently entered into a strategic alliance with Sokoman Minerals for three large-scale joint venture properties including Grey River, Golden Hope and Kepenkeck in Newfoundland.
Benton also has two NW Ontario projects optioned to Rio Tinto Exploration Canada (the Bark Lake and West Baril Lake Copper-Nickel PGE projects).
Nathan Sims (P.Geo.), Senior Exploration Manager for Benton Resources Inc., the 'Qualified Person' under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation.
On behalf of the Board of Directors of Benton Resources Inc., "Stephen Stares" Stephen Stares, President
Benton Resources is a well-funded Canadian-based project generator with a diversified property portfolio in Gold, Silver, Nickel, Copper, and Platinum group elements. Benton holds multiple high-grade projects available for option which can be viewed on the Company's website. Most projects have an up-to-date 43-101 Report available.
Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO Phone: 807-475-7474 Email:sstares@bentonresources.ca
CHF Capital Markets Cathy Hume, CEO Phone: 416-868-1079 x251 Email:cathy@chfir.com
Website: www.bentonresources.ca Twitter: @BentonResources Facebook: @BentonResourcesBEX
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86499
News Provided by Newsfile via QuoteMedia
Cypress Development (TSXV:CYP, OTCQB:CYDVF) focuses on developing its 100 percent owned Clayton Valley lithium project in Nevada, USA. The company’s extensive exploration and development have led to discovering a world-class lithium-bearing claystone resource adjacent to the Albemarle (NYSE: ALB) Silver Peak mine, North America’s only lithium brine operation. The company’s discovery of the massive resource made Clayton Valley a premium American source of lithium that has the potential to impact the supply of lithium for the fast-growing energy storage battery market.
“We’re in Nevada and we’re in a country that badly needs lithium. We would be the most environmentally friendly project, and the lowest acid consumer. We’re able to eliminate sulfuric acid in our process and that would make us an extremely environmentally friendly, large, inexpensive low cost producer in the heart of the United States.” said Cypress Development CEO Dr. Bill Willoughby.
Sienna Resources Inc. (TSXV: SIE) (FSE: A1XCQ0) (OTC PINK: SNNAF) (the "Company") Sienna Resources is pleased to announce the commencement of field exploration at the Bleka Gold Project in Norway. The Bleka Vein was discovered in 1880 and mined intermittently until 1940, with historic production reported as 165 kilograms (i.e., ~ 5,300 troy ounces) of gold sourced from mineralized material with an average grade of 36 gt gold1. The historic Bleka vein is hosted in a deformed greenstone belt in southern Norway and was formed during two phases of quartz-veining events. Auriferous quartz veins characteristically contain Cu-Bi and tourmaline2. Compilation of historic reports combined with reconnaissance mapping revealed a series of under-explored vein swarms on the Bleka property. Earlier this year, a systematic sampling program to test the vein swarms was initiated to identify gold-rich vein sets. Results were encouraging with over 10% of samples showing anomalous gold results (6 of 52 rockchip samples contained more than 0.1 ppm Au)3. Historic reports show rock chip samples with similar quantities of anomalous results with some vein samples reaching up to 103 gt Au4. As a result of this field work, previously unknown quartz veins were discovered and follow-up soil sampling is currently being conducted in an attempt to identify additional buried quartz veins.
Going forward Sienna has planned more surface sampling coupled with a planned UVA supported magnetic survey which will delineating important structural features to generate high priority drill targets. Over the coming weeks the historic mine maps will be compiled to create 3D model of the known mineralization and drill planning will commence to test mineralized continuation down plunge and along strike from the existing mine workings. SIE has not performed sufficient work to verify the published data reported above, but SIE believes this information is considered reliable and relevant.
To view an enhanced version of this map, please visit: https://orders.newsfilecorp.com/files/854/67548_db8fca9c54acebad_002full.jpg
Jason Gigliotti, President of Sienna Resources stated, "We are pleased to continue on the initial success that has been achieved at the Bleka gold project. We have a methodical, tactical approach to generate the highest priority drill targets in the coming weeks and look forward to what the next phase of work on the property will uncover. Not only are we active on this exciting gold project, we are also active in Finland and Ontario on our platinum-palladium projects."
The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.
Sienna Resources Inc. is focused on exploring for and developing high-grade deposits in politically stable, environmentally responsible and ethical mining jurisdictions. Sienna is partnered with an NYSE listed mining company on three separate projects in Scandinavia including the past-producing Bleka & Vekselmyr Orogenic Gold Projects in Southern Norway which are both greenstone-hosted gold systems, the Kuusamo platinum group elements (PGE) project in Finland directly bordering the LK Project being advanced by Palladium One Mining Inc. (PDM-TSX.v), and the Platinum-Palladium-Nickel Slättberg Project in Southern Sweden. In North America, Sienna's projects include the Marathon North Platinum-Palladium Property in Northern Ontario directly bordering Generation Mining Ltd.'s (CSE: GENM) 7.1-million-ounce palladium-equivalent Marathon Deposit. Sienna also has the Clayton Valley Deep Basin Lithium Project in Clayton Valley, Nevada, home to the only lithium brine basin in production in North America, in the direct vicinity of Albemarle Corp's (NYSE: ALB) Silver Peak deposit and Tesla Motors Inc.'s (Nasdaq: TSLA) Gigafactory. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the Company's properties.
If you would like to be added to Sienna's email list please email info@siennaresources.com for information or join our twitter account at @SiennaResources.
Contact Information Tel: 1.604.646.6900 Fax: 1.604.689.1733 www.siennaresources.com info@siennaresources.com
"Jason Gigliotti" President, Director Sienna Resources Inc.
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.
1. Gamst & Thomsen (1998) Gold Exploration in The Seljord and Hjartdal area of Telemark, Southern Norway, Norwegian Geological Survey Report 4655. (https://dirmin.no/sites/default/files/bibliotek/BV4655.pdf) 2. Wilberg & Røsholt (1998) Exploration Report. Bleka Concession, Telemark South Norway, Norwegian Geologic Survey Report 4661. (https://dirmin.no/sites/default/files/bibliotek/BV4661.pdf) 3. Samples were collected in accordance with industry standards best practices. Samples are collected and sent to ALS Malå, Sweden prep lab before they are sent for analysis at ALS Ireland. Pulps are analyzed using four acid super trace analysis (ME-MS61) and cyanide leach with AAS finish (Au-AA14). Accredited control samples (blanks and standards) are inserted into the sample intervals regularly. 4. Harpøth & Gregersen (1984) Gold Exploration in the Belka Fold area, Telemark, Norwegian Geological Survey Report 1656. (https://dirmin.no/sites/default/files/bibliotek/BV1656.pdf)
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67548
News Provided by Newsfile via QuoteMedia
Sienna Resources Inc. (TSXV: SIE) (FSE: A1XCQ0) (OTCBB: SNNAF) (the "Company") Sienna has closed its financing consisting of 2,222,222 flow-through shares for gross proceeds of $200,000. No warrants were issued in the financing. An aggregate finders' fee of $12,000 was paid in connection with the private placement. All the securities issued in connection with this private placement have a hold period that expires on February 17, 2021. Proceeds will be used towards the Company's planned work programs. The private placement is subject to final approval of the TSX Venture Exchange and was originally announced on October 14, 2020. Please refer to that news release.
This flow through will be allocated primarily for Sienna's Marathon North Platinum-Palladium Property in Northern Ontario directly bordering Generation Mining Ltd.'s (CSE: GENM) 7.1-million-ounce palladium-equivalent Marathon Deposit. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the Company's properties.
Jason Gigliotti states, "We are very pleased to have closed this placement, above the current market price and with no warrants attached, which will enable immediate work to begin on our Marathon North Platinum-Palladium Property in Ontario. Not only do we plan to be active on this exciting project we are also very active in Scandinavia on our platinum-palladium project in Finland and we expect to be drilling on our Norway gold project making the remainder of 2020 a very active period for Sienna. We are fully financed for all of our planned work programs in 2020 and look forward to what we uncover from having boots on the ground in at least 3 countries in the coming weeks."
The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.
Sienna Resources Inc. is focused on exploring for and developing high-grade deposits in politically stable, environmentally responsible and ethical mining jurisdictions. Sienna is partnered with an NYSE listed mining company on three separate projects in Scandinavia including the past-producing Bleka & Vekselmyr Orogenic Gold Projects in Southern Norway which are both greenstone-hosted gold systems, the Kuusamo platinum group elements (PGE) project in Finland directly bordering the LK Project being advanced by Palladium One Mining Inc. (PDM-TSX.v), and the Platinum-Palladium-Nickel Slättberg Project in Southern Sweden. In North America, Sienna's projects include the Marathon North Platinum-Palladium Property in Northern Ontario directly bordering Generation Mining Ltd.'s (CSE: GENM) 7.1-million-ounce palladium-equivalent Marathon Deposit. Sienna also has the Clayton Valley Deep Basin Lithium Project in Clayton Valley, Nevada, home to the only lithium brine basin in production in North America, in the direct vicinity of Albemarle Corp's (NYSE: ALB) Silver Peak deposit and Tesla Motors Inc.'s (Nasdaq: TSLA) Gigafactory. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the Company's properties.
None of the securities sold in connection with the private placement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
If you would like to be added to Sienna's email list please email info@siennaresources.com for information or join our twitter account at @SiennaResources.
Contact Information Tel: 1.604.646.6900 Fax: 1.604.689.1733 www.siennaresources.com info@siennaresources.com
"Jason Gigliotti" President, Director Sienna Resources Inc.
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.
Not for distribution to U.S. Newswire Services or for dissemination in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66387
News Provided by Newsfile via QuoteMedia
CB2 Insights (CSE:CBII, OTCQB:CBIIF) (“CB2” or the “Company”), a leading data-driven company focused on bringing real-world evidence driven from the point-of-care to the medical cannabis community, today announced it has partnered with Licensed Producer, Vireo Health International Inc. (“Vireo”) (CNSX:VREO, OTCQX:VREOF), to advance the proof of safety and efficacy for cannabinoid therapy as it relates to metered-dosing for patients with ailments in which cannabis-based medicine is believed to support. CB2 will oversee the protocol development and Investigational New Drug (IND) Application directly with the US Food & Drug Administration (FDA). The successful completion will position Vireo for industry leadership when it comes to cannabis-based topical medication used to treat pain. Vireo will also license the Company’s Sail technology platform for full data collection and management.
“Vireo is a cannabis company that understands the importance of full-scale research to prove out the true safety and efficacy of their products as they come to market,” said Prad Sekar, CEO, CB2 Insights. “As we have seen with the FDA over the past year, they are steadfast in ensuring that cannabis-based medicines follow the same protocols as other traditional pharmaceuticals. We are proud to have been chosen to advance that process with Vireo as we move forward with the IND application.”
Vireo is a physician-founded, science-focused vertically integrated cannabis company focused on bringing medical science and engineering effective cannabis-based medicine. Thousands of patients across seven U.S. states have used Vireo’s products for a wide range of conditions including chronic pain, cancer, epilepsy and many others as permitted under various state laws. Vireo’s line of cannabis-based topical products – currently available in Minnesota and scheduled to launch in other markets in 2020 – will be the focus of this project. CB2 Insights will manage the process of designing the protocol and working with the FDA on IND application approval.
“At Vireo, we are working to illustrate the positive impact that cannabis-based products can have for patients seeking to manage chronic or intractable pain through alternative treatment options,” said Kyle Kingsley, M.D. Chief Executive Officer, Vireo Health. “Our partnership with CB2 Insights will help us solidify the understanding and acceptance of cannabis-based medicine by following traditional healthcare protocols to achieve what many others in this space have been unable to do – produce clinical evidence of our products’ efficacy.”
CB2 Insights has active technology, data and research projects in North America, the UK and Colombia. As a cannabis-focused Contract Research Organization (CRO), the Company is able to support Licensed Producers, Multi-State Operators and other industry stakeholders from pre-clinical trial activities through to product commercialization by following traditional healthcare protocols regardless of the jurisdiction. CB2 also owns and operates the largest multi-state cannabis evaluation and education centers in the US, overseeing the care of more than 100,000 patients which expedites the development of patient registries and ultimately recruitment for clinical studies.
Both companies look to complete the initial stage of the project by Q1 2020.
CB2 Insights (CSE:CBII) is a global leader in clinical operations, technology & analytics solutions and research and development services with a mission to mainstream medical cannabis into traditional healthcare. Providing immediate market access through its wholly-owned clinical network across 12 jurisdictions, proprietary data-driven technology solutions and comprehensive contract research services designed for those in both the medical cannabis and traditional life sciences industries, CB2 Insights is able to support its partners across the entire data and research spectrum.
CB2’s Clinical Operations business unit leverages extensive experience to develop clinical models with standard operating procedures, advanced workflows, training and ongoing management support. CB2 also owns and operates its own specialty clinics including the brands Canna Care Docs and Relaxed Clarity which assess nearly 100,000 patients seeking medical cannabis treatment to provide immediate market access to US-based product manufacturers for clinical trial and research programs.
The Company has built both electronic data capture (EDC) and clinical data management software (CDMS) which work to support its partners of any size to execute their data and clinical strategies.
CB2 also offers comprehensive contract research organization (CRO) services including full scale clinical trial management, trial design, monitoring and other key research functions used by licensed producers, multi-state operators and traditional pharmaceutical companies entering the medical cannabis space.
For more information please visit www.cb2insights.com.
About Vireo Health International, Inc.
Vireo Health International, Inc.’s mission is to build the cannabis company of the future by bringing the best of medicine, engineering and science to the cannabis industry. Vireo’s physician-led team of more than 400 employees provides best-in-class cannabis products and customer experience. Vireo cultivates cannabis in environmentally friendly greenhouses, manufactures pharmaceutical-grade cannabis extracts, and sells its products at both company-owned and third-party dispensaries. The Company currently is licensed in eleven markets including Arizona, Maryland, Massachusetts, Minnesota, New Mexico, New York, Nevada, Ohio, Pennsylvania, Puerto Rico, and Rhode Island. For more information about the company, please visit www.vireohealth.com.
For CB2 Insights Dan Thompson – Chief Corporate Officer 1.855.874.4999 ext. 120 investors@cb2insights.com
For Vireo Health International Inc. Albe Zakes – VP, Communications albezakes@vireohealth.com (267) 221-4800
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in CB2’s filings with Canadian securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward-looking statements.
Forward-looking statements may include, without limitation, statements regarding the opportunity to provide services and software to the U.S. cannabis industry.
Although CB2 has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are subject to inconsistent legislation and regulation; change in laws; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and recreational-use marijuana industry and; regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. CB2 disclaims any intention or obligation to update or revise such information, except as required by applicable law, and CB2 does not assume any liability for disclosure relating to any other company mentioned herein.
Click here to connect with CB2 Insights (CSE:CBII) for an Investor Presentation.
Lithium Australia Limited (ASX: LIT, 'the Company') is focused on its battery recycling business (Envirostream) and LFP cathode powder (VSPC) divisions, both of which the Board believes will catalyse growth and shareholder value.
Recycling: Envirostream Australia Pty Ltd (‘Envirostream’)
Batteries: VSPC Pty Ltd (‘VSPC’)
Recycling of mixed EOL batteries via Envirostream underpins the Company’s ESG credentials. Envirostream is well-positioned to take advantage of the expected significant increase in volumes of spent batteries available for recycling, particularly as a result of vehicle electrification and Australia’s national battery stewardship scheme.
Envirostream has invested to build EOL battery supply, obtain a 99-year license from EPA Victoria to process higher volumes1, and increase system capacity with its new site in Laverton2. Focus now turns to driving battery recycling volumes higher, to further minimise the number of spent batteries sent to landfill and return valuable commodities to the market.
The production of LFP cathode powder for lithium-ion batteries via VSPC represents another significant commercial opportunity. An accelerated strategy is being developed which seeks to realise the benefits through construction of a pre-qualification LFP pilot plant likely to be located in Queensland, Australia, underpinned by the strong industry support required for offtake development.
The Company, through its 100% owned subsidiary Envirostream, is the national leader in mixed-battery recycling, providing sustainable solutions for the disposal of EOL batteries and the recovery of critical energy metals which are used to manufacture new lithium-ion batteries ('LIBs').
EOL battery collections continue to rise
Envirostream has reported an increase in its collection and processing of EOL batteries since the commencement of B-cycle – the Australian government-backed battery recycling scheme developed by the Battery Stewardship Council and initiated from January of this year.
Click here for the full ASX Release
This article includes content from Lithium Australia, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Green Technology Metals Limited (ASX: GT1) (Green Technology, GT1 or the Company) is pleased to present its Quarterly Activities Report for the period ending 30 June 2022.
“The equity raising we successfully completed in late April has placed GT1 in an extremely strong position to deal with the current uncertainties in financial markets and forge ahead towards its objective of building the pre-eminent vertically integrated lithium business in Ontario. Lithium market fundamentals haven’t changed - demand is outstripping supply and downstream consumers are seeking rapid development of secure supply chains. It remains an excellent time to be in lithium in North America.”
Click here for the full ASX release
This article includes content from Green Technology Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Arcadia Minerals Limited (ASX:AM7, FRA:8OH) (Arcadia, AM7 or the Company), the diversified exploration company targeting a suite of battery metal projects aimed at Lithium, Tantalum, Nickel, Copper and Gold in Namibia, is pleased to provide its quarterly activities report for the period ending June 2022.
1 Refer to ASX Announcement dated 09 May 2022 titled “Regional study advances work program for district scale Lithium in brines” 2 Refer to ASX Announcement dated 09 May 2022 titled “Kum-kum nickel project mineral systems approach results” 3 Refer to ASX Announcement dated 06 May 2022 titled “JORC Mineral Resource at Swanson Tantalum project doubles in size
SUMMARY OF MINING EXPLORATION FOR THE QUARTER
Assay results for the outstanding 32 drill holes from the 64-hole follow-up auger drilling campaign completed on 9 February 20224 over the Eden Pan was received during the quarter. All the drill holes commenced in the mineralised Upper Brown Clay Unit and every hole, except two drill holes where thin clay units were intercepted at the edges of the Eden Pan, were sampled from top to bottom up to a depth of 9.60m. Notably, the entire sequence of the drill holes sampled (i.e. Upper Brown Clay Unit and Middle Green Glay Unit) returned lithium mineralisation5.
Figure1: Stacked cross section of the Eden Pan depicting drill-hole interpretation with reference to the existing Mineral Resource (green layers) and clay units intercepted in the follow-up auger drilling program.
4 Refer to ASX Announcement dated 10 March 2022 titled “Encouraging lithium drilling assay results at Bitterwasser”. 5 Refer to ASX Announcement dated 2 May 2022 titled “Final Lithium Drilling assay results at Bitterwasser”. 6 Refer to ASX Announcement dated 3 November 2021 titled “Arcadia acquires lithium project with JORC Mineral Resources”.
Click here for the full ASX Release
This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Lithium prices have been stabilizing for the past few months after reaching unprecedented levels last year.
Fresh Chinese lockdown measures to contain COVID-19 hit supply chains earlier this year, with Omicron cases also impacting mining operations in Western Australia throughout the June quarter. But lithium producers see strong demand from the electric vehicle sector remaining into the future, and many have outlined plans to expand or restart production.
During the fourth quarter of the financial year, Australian lithium miners continued to move ahead with their projects, and despite the increased volatility in the markets, many ASX lithium stocks saw share price gains as well.
Perth-based Pilbara Minerals’ (ASX:PLS) production for the quarter was 127,236 dry metric tonnes (dmt) of spodumene concentrate — a 56 percent increase from the previous three month period. This included first concentrate from the Ngungaju Plant’s fines circuit, which the company expects to ramp to achieve nameplate production of 180 to 200,000 tonnes per year in the next three months.
“The quarter’s strong production performance was achieved despite various operational challenges, including impacts from COVID-19 and associated labour shortages experienced across the mining sector,” the company said in a statement.
All in all, annual production reached 377,902 dmt, a 34 percent increase from 2021, and was at the upper end of the guidance range of 340 to 380,000 dmt set for the year.
Pilbara Minerals, which owns the lithium-tantalum Pilgangoora operation, has partnerships with Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460), General Lithium, Great Wall Motor Company (OTC Pink:GWLLF,HKEX:2333), POSCO (NYSE:PKX), CATL (SZSE:300750) and Yibin Tianyi.
During the quarter, the company also made a final investment decision to increase the Pilgangoora project’s nameplate production capacity from about 580,000 to 680,000 tpa of spodumene concentrate at an estimated capital cost of $103 million.
Shares of Pilbara jumped more than 5 percent after the news, trading at AU$2.73 on July 28. The stock is down 22.44 percent year-to-date, but up almost 43 percent compared to this time last year.
For its part, leading Australian lithium and iron ore miner Mineral Resources (ASX:MIN) saw Mt Marion’s production reach 128,000 dmt during the June quarter. It also shipped 141,000 dmt of spodumene concentrate.
For the full year, a total of 442,000 dmt of spodumene concentrate was shipped, just below its target of 450,000 to 475,000 dmt.
“Mt Marion ore mined was steady quarter on quarter, but lower year-on-year because of continued mining of transitional ore located in the upper levels of the new stage of the pit, as well as the impact of a reduced operational workforce from COVID-19,” the company said.
Aside from Mount Marion, the company holds interests in Wodgina, in partnership with another top producer — Albemarle (NYSE:ALB). The companies decided to restart Wodgina last year as a result of soaring global demand. First spodumene concentrate from Train 1 was delivered as planned in May 2022, with 20,000 dmt of spodumene concentrate produced in the June quarter.
After publishing its quarterly results, Mineral Resources’ share price was up, trading at AU$53.21. That said, the stock is down 9.32 percent year-to-date.
Another Australian lithium producer, Argentina-focused Allkem (ASX:AKE), posted record revenue of approximately US$337 million and a gross operating cash margin of approximately US$292 million.
In Western Australia, the company owns the Mount Cattlin mine, which achieved record financial year production of 193,563 dmt of spodumene concentrate. During the June quarter, it produced 24,845 dmt, despite COVID-19 cases impacting the mine site with the peak caseload of the Omicron variant in Western Australia happening in May.
“Customer demand in the spodumene market remains robust and spodumene concentrate pricing in the September quarter is expected to be higher than the June quarter,” the company said in a statement, forecasting spodumene production for next year at approximately 160 to 170,000 tonnes.
In Argentina, Allkem operates the Salar de Olaroz, which reached a new record of 12,863 tonnes of lithium carbonate for the year, 47 percent of which was battery grade material.
The company is also developing the Sal de Vida lithium brine, with plans now reinstated to increase its production by 40 percent to 45,000 tpa in two stages.
Additionally, in partnership with Toyota Tsusho (TSE:8015), Allkem is building a 10,000 tonne per year lithium hydroxide plant in Naraha, Japan. The company also owns the James Bay lithium pegmatite project in Canada.
On July 28, shares of Allkem were exchanging hands for AU$11.12, down 0.71 percent year-to-date, and up over 39.35 percent year-on-year.
Although its main focus is on nickel, Independence Group (ASX:IGO) has been involved in lithium since it bought a stake in Tianqi Lithium’s Australian assets. The companies, in joint venture, now control the majority of the biggest lithium mine in the world — Greenbushes.
Production at the mine was up 25 percent quarter-on-quarter at 338,000 tonnes of spodumene concentrate. By 2025, Greenbushes is expected to add around 800,000 tonnes per year to its output capacity.
But the biggest milestone was at the Kwinana refinery, where first production of battery grade lithium hydroxide happened during the quarter, allowing qualification processes to kick off with respective offtake customers.
IGO has seen its share price decline 4.63 percent year-to-date, trading at AU$11.34 on May 11. The stock is up 47.27 year-on-year.
All stocks data was accurate as of July 28, 2022.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Lithium Power International (ASX:LPI) is continuously de-risking its flagship Maricunga Lithium Brine project, the most developed pre-construction mine in Latin America.
Speaking on behalf of LPI Managing Director Cristobal Garcia-Huidobro during the company’s presentation at the Noosa Mining Conference 2022, Executive Director Richard Crookes provided an update on the property.
“We’ve been working extensively since 2012 drilling production wells, defining a resource, and getting our environmental permit, which is no mean feat in Chile on a greenfields project. We've conducted two feasibility studies and we've taken lots of samples for pilot testing and for off-taker qualification. We're in the final phases of arranging finance for the development of this project. We hope to be in construction very soon.”
LPI also seeks to consolidate 100 percent ownership of Maricunga project via two all scrip mergers with its joint venture partners Minera Salar Blanco SpA and Bearing Lithium Corp. (TSXV:BRZ). “We own 51 percent of this asset and we have just announced a consolidation by the end of this quarter subject to shareholder approval.” The consolidation will simplify decision-making and will provide the optimal structure to oversee the rapid development of Maricunga.
“We think this has unrivaled quality. Tier one companies have done the work. We're very happy with the economics and I think the market hasn't really grasped the implications of consolidation in terms of its development timeline. It makes the financing a whole lot easier. It makes the decision-making a lot better and I think importantly, it gives us a lot more sort of corporate appeal for potential companies to participate in some way. We're really excited by that consolidation.” said Crookes.
This article includes content from Lithium Power International, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Charger Metals NL (ASX: CHR, ‘Charger’ or ‘the Company’) has released its Quarterly Cash Flow Report.
Click here for the full ASX Release
This article includes content from Charger Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.