REE
Spain
REE
Spain

Time filter

Source Type

News Article | February 15, 2017
Site: www.marketwired.com

HALIFAX, NOVA SCOTIA--(Marketwired - Feb. 8, 2017) - Ucore Rare Metals, Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is pleased to announce the completion of the first stage detailed engineering plan for the Platinum Group Metals ("PGM" - rhodium, palladium and platinum) refinery phase of its US Strategic Metals Complex (the "SMC" or the "Plant"). The SMC is a joint venture between Ucore and IBC Advanced Technologies of American Fork, Utah ("IBC") (See Ucore Press Releases dated November 15, 2016 and December 7, 2016). The design has now been satisfactorily reviewed by Mike Schrider, P.E., V.P. of Operations and Engineering of Ucore Rare Metals Inc. "As set out in our recent releases, the detailed engineering work on the Company's U.S. Strategic Metals Complex continues with success," said Jim McKenzie, President and CEO of Ucore. "IBC, in consultation with a European engineering partner (identity withheld under a non-disclosure agreement) has delivered a detailed infrastructural plan for the non-MRT circuits of the PGM refinery. The non-MRT designs have been thoroughly reviewed by our engineering staff in preparation for integration with the MRT SuperLig® separation circuits and within the design of the overall production facility." "The 'Stage A' processing circuits will prepare the PGM-bearing input material for submission to the SuperLig® metal separation process." said Mike Schrider. "The design will accommodate unpurified PGM bearing metal alloys (from third party sourced recycled catalytic converters) as input material to the MRT process, and then transform the high purity rhodium, palladium and platinum concentrate MRT output into high value products such as individual PGM sponge and specialty salts, both in high demand in US markets." The PGM refinery is being specifically designed to receive, process and separate recycled catalytic converter material which has been concentrated to a metal alloy via a plasma arc smelter. The refinery design consists of three distinct processing areas: (i) Pre-MRT post-smelter metal alloy dissolution; (ii) MRT (SuperLig®) PGM metal separations; and (iii) Post-MRT PGM sponge and specialty salt making. The final PGM refinery design allows for an ultimate annual production capacity of 750,000 troy ounces (all Stages complete) comprised of 99.95% Rhodium, 99.98% Palladium and 99.98% Platinum pure sponge material and or specialty salts. The spatial design of the PGM refinery will utilize a 25,600 square foot facility situated on a 3 acre complex. SuperLig® technology is the cornerstone of this advanced zero-waste discharge "green" PGM refinery, based on the principles of Molecular Recognition Technology (MRT). The design of the PGM circuits are a direct beneficiary of Ucore's successful SuperLig®-One Rare Earth Element (REE) pilot plant completed in Utah in 2016, which incorporated automation systems designed by IBC. The PGM refinery is being designed for maximum value automation, adjusting to varying PGM concentration levels contained in the smelted metal alloy. MRT has the potential to reduce processing times, reducing "locked up" inventory values and potentially improving economics relative to traditional PGM refining circuits. The Company is nearing final selection of REE bearing feedstock for the other phase of the SMC, a U.S. based REE separation refinery. Upon finalization of the feedstock selection, similar engineering efforts will commence, also leveraging the work undertaken with the SuperLig®-One rare earth pilot plant (see Ucore Press release dated Sept. 26, 2016). Progress on this critical aspect of the SMC will be detailed in forthcoming announcements. Supply of rare earth elements and China's domination of the sector has been a matter of increasing discussion in U.S. political arenas, with concerns over the propensity of China to leverage a practical monopoly of REE production for military, clean energy and high technology applications. See link: http://www.foxnews.com/opinion/2017/02/03/chinas-secret-trump-card-could-beijing-deprive-our-military-critical-defense-components.html Site(s) selection for the SMC is still under Company review, driven by logistical metrics and the singular principle of providing North America with refined technology metals by providing a security of supply, independent of Chinese sourcing and technology. Michael Schrider, P.E., V.P. of Operations and Engineering of Ucore Rare Metals Inc., has approved the scientific and technical content of this news release and is the Qualified Person responsible for its accuracy under NI 43-101 regulations. Mr. Schrider, holds a B.Sc. degree in engineering from the University of New Orleans and is a Registered Professional Engineer in the State of Louisiana. Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation technologies.The Company has a 100% ownership stake in the Bokan project. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for the investment of up to USD $145 Million in the Bokan project at the discretion of the Alaska Import Development and Export Agency ("AIDEA"). This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities, research and development timelines, and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes or setbacks, research and develop successes or setbacks, continued availability of financing, and general economic, market or business conditions. MRT is at advanced testing stages and has yet to be proven, at a commercial scale, for the separation of rare earth elements. The Company has not yet released an economic assessment on the use of MRT for the separation of rare earth elements and does not yet have any specific contracts for the processing of rare earths using MRT. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined by the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


WCB Resources Ltd. (TSX VENTURE:WCB) and GBM Resources Ltd. (ASX:GBZ) are pleased to jointly announce that they have executed a binding HOA to merge the two companies which is to be structured as an Arrangement Agreement under Canadian law . Each WCB shareholder at the record date will receive 8 ordinary shares of GBM for each common share of WCB they hold in consideration for the transfer of those WCB shares to GBM (Merger). The Merger will allow the companies to create a new Australasian focussed gold development and exploration group. Upon completion of the Merger, WCB shareholders will hold 36% and GBM shareholders will hold approximately 64% of the merged entity. Both companies have major shareholder support and the directors of both companies unanimously support the Merger in the absence of a superior proposal. The Boards of GBM and WCB consider that the combination of the two companies will provide significant strategic and financial benefits to both sets of shareholders. "The complementary nature of the two companies' projects creates a strong platform for both companies' shareholders to benefit from a substantial value uplift from a significant increase in combined gold resources at Misima and Mt Coolon, and the ability to step up exploration within the group's extensive landholding. GBM's board believes that this transaction is in the best interest of GBM and unanimously recommends it to our shareholders, in the absence of a superior proposal. We also look forward to welcoming WCB President and CEO, Mr Cameron Switzer to the Board of the combined entity as an Executive Director, where his strong, long-term understanding of the Misima Gold Mine will prove invaluable." "The Board of WCB considers this merger to be an outstanding opportunity for existing shareholders. The attractiveness regarding the focus on near term production and cash flow from Mt Coolon underpins the group moving forward. The significant exploration upside identified at both the Misima and Mt Coolon project has the potential to ensure that the merged company has an exciting future with significant growth optionality moving forward". The Merger is subject to both Australian and Canadian regulatory approvals. In Canada the Arrangement Agreement is a statutory process under Division 5 of Part 9 of the Business Corporations Act (British Columbia) which will involve WCB shareholder and Canadian court approval. In Australia shareholder approval will be required for the Merger transaction. The HOA includes a commitment by WCB not to solicit alternative transactions to the Merger. Each of the directors of WCB have agreed to vote in favour of the Merger, in the absence of a superior proposal. Major shareholder of WCB, Sandfire Resources NL (holds 38%) has also indicated their support of the Merger in the absence of a superior proposal. On satisfying the condition precedents under the HOA and the formal Arrangement Agreement being executed, a full copy of the Arrangement Agreement will be filed in accordance with applicable securities laws and will be found on the WCB profile on SEDAR at www.sedar.com. Following completion of the Merger, Mr Cameron Switzer (the current WCB President and CEO) will join the merged entity as Executive Director - Misima Gold Project. Cameron Switzer was previously one of the founding directors' of GBM. The non-executive directors of WCB will retire on completion of the Merger. Once GBM has secured the required debt funding of AUD$8.5million, then WCB and GBM will execute the Arrangement Agreement. In addition to other customary conditions and regulatory approvals, the Arrangement Agreement is conditional upon GBM obtaining all necessary shareholder and regulatory approvals. The Merger is subject to the approval of both GBM and WCB shareholders. Pursuant to the Business Corporations Act (British Columbia), the Merger will require the approval of 66 2/35 of the votes cast by WCB shareholders. A special shareholder meeting for each company to vote on the Merger is likely to be held in May 2017 with the completion of the Merger expected in June 2017, at which time WCB would be delisted from the TSX-V. Further information regarding the Merger for holders of GBM ordinary shares will be contained in a notice of meeting that GBM will prepare and mail to its shareholders in connection with the meeting of GBM shareholders to be held to consider matters in connection with the Merger. In due course, WCB's shareholders will receive a comprehensive Information Circular that will contain full details of the proposed Merger, including the basis for the WCB board's recommendation that WCB shareholders approve the proposed Merger. Upon signing the HOA GBM will advance AUD$150,000 to WCB. If the conditions precedent to the HOA are not satisfied before 31 March 2017 then the HOA will terminate and shall be deemed to be at an end. If the HOA is terminated then the Parties have agreed that the AUD$150,000 will be converted into fully paid common shares of WCB at a conversion price of CAD0.05, subject to approval of the TSX-V. The Company was incorporated under the Business Corporations Act (British Columbia) on March 2, 2007 and was listed on the TSX-V and called to trade on October 10, 2007. The Company completed its Qualifying Transaction under the policies of the TSX Venture Exchange on April 8, 2010. As a result, the Company is a Tier 2 mining issuer on the TSX-V. Misima is a large bulk mineable disseminated gold (Au) and silver (Ag) deposit spatially related to a potentially significant porphyry copper (Cu) gold (Au) system at depth. Placer Pacific (owned by Placer Dome) commissioned the Misima Gold Mine in 1988 and was operated by Misima Mines Pty Ltd (MMPL), a subsidiary of Placer to 2004. The mine produced 3.7 Moz Au and 22.2 Moz Ag during this 14 year period. Historic production prior to this period was estimated at 240,000 ounces. WCB signed a farm-in JV Agreement with Pan Pacific to test for Cu and explore Au on Misima in 2011. PPC is a global mining, smelting, refining and international copper producer. Under the terms and conditions of the Agreement, WCB can obtain up to a 70% interest in EL1747 Misima and currently has earned 49%. Systematic exploration completed by WCB resulted in the completion of a series of deep drill holes up to 800m in depth targeting the porphyry Cu Au mineralisation whist also understanding the upside and potential of the superimposed Au Ag base metal mineralisation. An initial inferred resource was completed in 2013 and further upgraded to inferred / indicated in 2015 over the Umuna region where the majority of the historic mining activity has been completed. All resources are quoted within optimised pit shells. Key Strategy is to move to a 70% interest in the Misima Project by 2018 and complete mining feasibility studies by end calendar year 2019. The disclosure of the Indicated and Inferred Mineral Resource estimate has been reviewed and approved by Mr Peter Stoker an Honorary Fellow of the Australasian Institute of Mining and Metallurgy and a Chartered Professional, and full time employee of AMC Consultants Pty Ltd who is a "qualified person" as defined by the National Instrument 43-101. GBM Resources Ltd (ASX:GBZ) is an Australian resource company that listed on the ASX in 2007, headquartered in Perth WA, with exploration operations in Victoria and Queensland and holds equity in a Malaysia gold company listed on the Singapore exchange. The Company's primary focus is the development of key gold and copper-gold assets in Australia. GBM is on track to become a gold producer in 2017 with the Company's flagship Mount Coolon Gold Project. GBM tenements cover an area greater than 2,600 square kilometres in eight major project areas in Queensland and Victoria. The Mount Coolon Gold Project is located within Queensland's Drummond Basin, a prolific Gold Province which has an identified gold endowment in excess of 7.5million ounces. Deposits already identified and exploited in this province include examples of high grade vein style and large tonnage stockwork epithermal gold systems. GBM's tenement package has three identified deposits with published gold resources. In addition, the project hosts a number of advanced exploration targets including; Bimurra, Conway, Verbena Sinter and South East silica Zone, each of which will be further investigated with a high probability of significantly adding to the already growing resource base. A summary of key points relating to the known deposits is provided below. For further detail the reader is referred to the GBM Annual Report 2016 and company announcements. To view the Mount Coolon Resource Table, please visit the following link: http://media3.marketwire.com/docs/Mount-Coolon-Resource-Table.jpg. Mineral Resources are calculated on information compiled by Kerrin Allwood who is a member of the Australasian Institute of Mining and Metallurgy and The Australian Institute of Geoscientists. Mr Allwood is a full time employee of Geomodeling Limited. Mr Allwood has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Allwood consents to the inclusion in the report of the matters based in his information in the form and context in which it appears. The Project assessments of these deposits are well advanced and it is planned that Koala, Glen Eva and the Eugenia heap leach will commence gold production in sequence by the end of 2017. The Company is targeting end March 2017 to commence feasibility studies on these deposits. Anchor Resources Limited - Lubuk Mandi Gold Project (Malaysia) GBM has an investment in value Singapore Stock Exchange Listed Anchor Resources Limited (Anchor). Anchor's principal asset is the Lubik Mandi Gold Project located in Malaysia. GBM's equity holding is 35 million shares in Anchor which represents 12.5% of that company's issued capital. Mount Morgan Copper Gold Project (Queensland, Australia): Consists of 11 granted leases with targets identified associated with significant geochemical anomalism. Brightlands and Milo Iron -Oxide Copper -Gold (IOCG) and REE Project (Queensland, Australia): Consists of an IOCG breccia pipe system in the Mt Isa Inlier with an inferred resource containing 97,000 tonnes of copper, 14 million pounds of U3O8 and 108,000 tonnes of TREEYO (ASX:GBZ 29th February 2012) with significant exploration upside. Malmsbury Gold Project (Victoria, Australia): Large intrusive related Gold System (IRGS) with 104,000 ounces of gold in historic inferred resources with significant exploration upside (ASX:GBZ 19th January 2009). Mr. Cameron Switzer, BSc (Hons), MAIG (3384), MAUSIMM (112798), President and Chief Executive Officer of WCB Resources, is a qualified person as defined by National Instrument 43-101. He is responsible for quality control of exploration undertaken by WCB. Mr. Switzer has reviewed and approved the technical information in this release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Statements: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including, without limitation, statements potential mineralization, the estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals in respect of a transaction, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with operating in foreign jurisdictions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the company with securities regulators. Mineral exploration and development of mines is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review their annual filings that are available at www.sedar.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. The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.


News Article | February 22, 2017
Site: www.marketwired.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Quest Rare Minerals Ltd. (TSX:QRM) (Quest) is pleased to announce that it has held a first closing of its previously-announced private placement by issuing an aggregate of 8,100,000 special warrants ("Special Warrants") to "accredited investors" in Ontario, British Columbia and outside of Canada at a price of $0.20 per Special Warrant, for gross proceeds to Quest of $1,620,000. Quest will use the net proceeds from the private placement for its full-scale pilot plant project and process optimization (part of Quest's Strange Lake Project) and for working capital and general corporate purposes. Each of the Special Warrants may be exchanged for no additional consideration for one Quest common share ("Share") and one Quest common share purchase warrant ("Warrant"). Each of the Warrants will entitle its holder to purchase one Share at a price of $0.275 for a period of three years from the closing date of the private placement. Quest will file a prospectus in those provinces in which Special Warrants were sold in order to qualify for distribution the Shares and Warrants issuable upon the exchange of the Special Warrants. The Special Warrants will be deemed to be exercised without payment of additional consideration or further action on the third business day following the day upon which Quest obtains a receipt for the final prospectus. In the event that Quest does not obtain a receipt for the final prospectus from the applicable Canadian securities authorities by March 24, 2017, each Special Warrant will be exchanged, at no additional cost, for 1.25 Shares and 0.75 Warrants (instead of one Share and one Warrant). In that event, each Warrant will entitle its holder to purchase one Share at a price of $0.275 for a period of four years. Secutor Capital Management Corporation of Toronto acted as lead agent for the private placement. As partial consideration for its services in connection with the private placement, Quest granted "broker warrants" to Secutor Capital Management (on behalf of the selling syndicate) to purchase up to 405,000 Shares, representing 5% of the aggregate number of Special Warrants issued and sold at the first closing of the private placement, at an exercise price of $0.275 per Share for a period of three years. It is possible that additional closings of the private placement will be held. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available. Quest is a Canadian-based company focused on becoming an integrated producer of rare earth metal oxides and a significant participant in the rare earth elements (REE) material supply chain. Quest is led by a management team with in-depth experience in chemical and metallurgical processing. Quest's objective is the establishment of major hydrometallurgical and refining facilities in Bécancour, Québec, to separate and produce strategically critical rare earth metal oxides. These industrial facilities will process mineral concentrates extracted from Quest's Strange Lake mining properties in northern Québec and recycle lamp phosphors utilizing Quest's efficient, eco-friendly "Selective Thermal Sulphation (STS)"1 process. This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, objectives or performance of Quest, including the Strange Lake Rare Earths Project's technical and pre-economic feasibility, future financing by Quest, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of the Strange Lake Rare Earths Project or any financing by Quest, or if any of them do so, what benefits Quest will derive from them. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Quest's control. These risks, uncertainties and assumptions include, but are not limited to, estimates relating to capital costs and operating costs based upon anticipated tonnage and grades of resources to be mined and processed and the expected recovery rates, together with those described under "Risk Factors" in Quest's annual information form dated January 19, 2017, and under "Risk Factors" in Quest's Management's Discussion and Analysis for the fiscal year ended October 31, 2016, all of which are available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Quest does not intend, nor does Quest undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable law.


News Article | February 15, 2017
Site: www.marketwired.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Quest Rare Minerals Ltd. (TSX:QRM) (Quest) is pleased to announce that the Toronto Stock Exchange has granted conditional approval for Quest's previously-announced best-efforts private placement of special warrants ("Special Warrants") to "accredited investors" in Ontario, Alberta and British Columbia in a maximum amount of $8 million. The private placement will consist of a maximum of 37.5 million Special Warrants at a price of $0.20 per Special Warrant, for maximum proceeds to Quest of $7.5 million. Secutor Capital Management Corporation, the lead agent for the private placement, will have an "agent's option", which may be exercised prior to closing, to sell up to an additional 2.5 million Special Warrants for additional proceeds of $500,000. If the agent's option is exercised in full, Quest will issue 40 million Special Warrants for gross proceeds of $8 million. The net proceeds from the private placement will be used by Quest for its full-scale pilot plant project and process optimization (part of Quest's Strange Lake Project) and for working capital and general corporate purposes. Each of the Special Warrants may be exchanged for no additional consideration for one Quest common share ("Share") and one Quest common share purchase warrant ("Warrant"). Each of the Warrants will entitle its holder to purchase one Share at a price of $0.275 for a period of three years from the closing date of the private placement. Quest will file a prospectus in those provinces in which Special Warrants are sold in order to qualify for distribution the Shares and Warrants issuable upon the exchange of the Special Warrants. The Special Warrants will be deemed to be exercised without payment of additional consideration or further action on the third business day following the day upon which Quest obtains a receipt for the final prospectus. In the event that Quest does not obtain a receipt for the final prospectus from the applicable Canadian securities authorities within 30 days of the closing of the private placement, each Special Warrant will be exchanged, at no additional cost, for 1.25 Shares and 0.75 Warrants (instead of one Share and one Warrant). In that event, each Warrant will entitle its holder to purchase one Share at a price of $0.275 for a period of four years from the closing date of the private placement. The closing of the private placement is expected to take place on or about February 17, 2017, subject to customary closing conditions and filing of standard documents with the Toronto Stock Exchange. Quest and Secutor Capital Management Corporation have agreed to waive the previously-announced minimum of 25 million Special Warrants ($5 million), such that there is no minimum amount for the private placement. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. Quest is a Canadian-based company focused on becoming an integrated producer of rare earth metal oxides and a significant participant in the rare earth elements (REE) material supply chain. Quest is led by a management team with in-depth experience in chemical and metallurgical processing. Quest's objective is the establishment of major hydrometallurgical and refining facilities in Bécancour, Québec, to separate and produce strategically critical rare earth metal oxides. These industrial facilities will process mineral concentrates extracted from Quest's Strange Lake mining properties in northern Québec and recycle lamp phosphors utilizing Quest's efficient, eco-friendly "Selective Thermal Sulphation (STS)"1 process. This news release contains statements that may constitute "forward-looking information" or "forward- looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, objectives or performance of Quest, including the Strange Lake Rare Earths Project's technical and pre- economic feasibility, future financing by Quest, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of the Strange Lake Rare Earths Project or any financing by Quest, or if any of them do so, what benefits Quest will derive from them. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Quest's control. These risks, uncertainties and assumptions include, but are not limited to, estimates relating to capital costs and operating costs based upon anticipated tonnage and grades of resources to be mined and processed and the expected recovery rates, together with those described under "Risk Factors" in Quest's annual information form dated January 19, 2017, and under "Risk Factors" in Quest's Management's Discussion and Analysis for the fiscal year ended October 31, 2016, all of which are available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Quest does not intend, nor does Quest undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable law.


News Article | February 28, 2017
Site: www.marketwired.com

MONTRÉAL, QUÉBEC--(Marketwired - Feb. 28, 2017) - Quest Rare Minerals Ltd. (TSX:QRM) (Quest) is providing this bi-weekly default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults. On January 31, 2017, Quest announced by way of press release that Quest's management's discussion and analysis for the fiscal year ended October 31, 2016 ("MD&A") and annual information form for the fiscal year ended October 31, 2016 ("AIF"), filed on SEDAR on January 24 and January 25, 2017, respectively, did not comply in certain respects with National Instrument 51-102 Continuous Disclosure Obligations and National Instrument 43-101 Standards of Disclosure for Mineral Projects, particularly as they relate to the Corporation's Strange Lake project, and that in order to rectify any deficiencies, Quest intended to file an amended MD&A and amended AIF on SEDAR as well as an updated independent technical report on the Strange Lake project in early March 2017. As a result, Quest's principal regulator, the Autorité des marchés financiers, granted a management cease-trade order ("MCTO") to Quest. The MCTO restricts all trading in securities of Quest, whether direct or indirect, by Quest's directors and senior officers until such time as the amended MD&A and amended AIF are filed by Quest. The MCTO does not affect the ability of other Quest shareholders to trade their securities. Quest now expects that it will file its updated independent technical report in mid-March 2017. There is no material change regarding the information contained in Quest's press release of January 31, 2017, except that, as previously announced, Quest held a first closing of its private placement on February 22, 2017 by issuing an aggregate of 8,100,000 special warrants to "accredited investors" in Ontario, British Columbia and outside of Canada at a price of $0.20 per special warrant, for gross proceeds to Quest of $1,620,000. Quest is working diligently to obtain an updated independent technical report and prepare an amended MD&A and amended AIF. Investors are cautioned that they should not rely on the technical information contained in the MD&A or AIF until such technical information is validated and supported by an updated independent technical report. There is no failure by Quest in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines, and there is no actual or anticipated default subsequent to the default announced in Quest's press release of January 31. There is no other material information concerning the affairs of Quest that has not been generally disclosed. Quest is a Canadian-based company focused on becoming an integrated producer of rare earth metal oxides and a significant participant in the rare earth elements (REE) material supply chain. Quest is led by a management team with in-depth experience in chemical and metallurgical processing. Quest's objective is the establishment of major hydrometallurgical and refining facilities in Bécancour, Québec, to separate and produce strategically critical rare earth metal oxides. These industrial facilities will process mineral concentrates extracted from Quest's Strange Lake mining properties in northern Québec and recycle lamp phosphors utilizing Quest's efficient, eco-friendly "Selective Thermal Sulphation (STS)"1 process. This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, objectives or performance of Quest, including the Strange Lake Rare Earths Project's technical and pre-economic feasibility, future financing by Quest, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of the Strange Lake Rare Earths Project or any financing by Quest, or if any of them do so, what benefits Quest will derive from them. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Quest's control. These risks, uncertainties and assumptions include, but are not limited to, estimates relating to capital costs and operating costs based upon anticipated tonnage and grades of resources to be mined and processed and the expected recovery rates, together with those described under "Risk Factors" in Quest's annual information form dated January 19, 2017, and under "Risk Factors" in Quest's Management's Discussion and Analysis for the fiscal year ended October 31, 2016, all of which are available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Quest does not intend, nor does Quest undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable law.


News Article | February 22, 2017
Site: marketersmedia.com

ZURICH, SWITZERLAND / ACCESSWIRE / February 22, 2017 / Today, an update on the rare earths market and Commerce Resources Corp. (TSX-V: CCE) has been published. According to John Moody from FoxNews, Republican member of the US House of Representatives, Duncan Hunter, plans to introduce legislation this month to require the US military to obtain rare earth elements ("REEs") that are produced in the US, even if it means subsidizing those industries. More specifically, he said: "This is of critical importance to our national security and ability to stay ahead of everyone else. Rare earth metals are crucial. We've closed down mines in my own state of California, which is the leading edge of stupid. We need to have our own rare earths. The big sticking part of the bill is this. You have to put money in to subsidize our own product to create a market, because now there’s no market. We’ve got to put American manufacturing back in competition." However, as Moody asserts correctly: "The problem is that US production capacity in this area has been allowed to wither to almost nothing, due to plentiful supplies from China that can be produced at a lower price than US made rare earths." Commerce Resources Corp.'s Ashram Rare Earth Project in Québec is firmly in the mainstream of the majority of REE producing mines in the world in that it is a carbonatite hosted project with monazite and bastnaesite as the dominant REE bearing minerals. The importance of this must be stressed in that Commerce is not looking for, nor does it need to find, a new processing technique to concentrate the REEs contained in its Ashram Deposit. The full report can be accessed with the following links: ZURICH, SWITZERLAND / ACCESSWIRE / February 22, 2017 / Today, an update on the rare earths market and Commerce Resources Corp. (TSX-V: CCE) has been published. According to John Moody from FoxNews, Republican member of the US House of Representatives, Duncan Hunter, plans to introduce legislation this month to require the US military to obtain rare earth elements ("REEs") that are produced in the US, even if it means subsidizing those industries. More specifically, he said: "This is of critical importance to our national security and ability to stay ahead of everyone else. Rare earth metals are crucial. We've closed down mines in my own state of California, which is the leading edge of stupid. We need to have our own rare earths. The big sticking part of the bill is this. You have to put money in to subsidize our own product to create a market, because now there’s no market. We’ve got to put American manufacturing back in competition." However, as Moody asserts correctly: "The problem is that US production capacity in this area has been allowed to wither to almost nothing, due to plentiful supplies from China that can be produced at a lower price than US made rare earths." Commerce Resources Corp.'s Ashram Rare Earth Project in Québec is firmly in the mainstream of the majority of REE producing mines in the world in that it is a carbonatite hosted project with monazite and bastnaesite as the dominant REE bearing minerals. The importance of this must be stressed in that Commerce is not looking for, nor does it need to find, a new processing technique to concentrate the REEs contained in its Ashram Deposit. The full report can be accessed with the following links:


News Article | February 22, 2017
Site: www.accesswire.com

ZURICH, SWITZERLAND / ACCESSWIRE / February 22, 2017 / Today, an update on the rare earths market and Commerce Resources Corp. (TSX-V: CCE) has been published. According to John Moody from FoxNews, Republican member of the US House of Representatives, Duncan Hunter, plans to introduce legislation this month to require the US military to obtain rare earth elements ("REEs") that are produced in the US, even if it means subsidizing those industries. More specifically, he said: "This is of critical importance to our national security and ability to stay ahead of everyone else. Rare earth metals are crucial. We've closed down mines in my own state of California, which is the leading edge of stupid. We need to have our own rare earths. The big sticking part of the bill is this. You have to put money in to subsidize our own product to create a market, because now there’s no market. We’ve got to put American manufacturing back in competition." However, as Moody asserts correctly: "The problem is that US production capacity in this area has been allowed to wither to almost nothing, due to plentiful supplies from China that can be produced at a lower price than US made rare earths." Commerce Resources Corp.'s Ashram Rare Earth Project in Québec is firmly in the mainstream of the majority of REE producing mines in the world in that it is a carbonatite hosted project with monazite and bastnaesite as the dominant REE bearing minerals. The importance of this must be stressed in that Commerce is not looking for, nor does it need to find, a new processing technique to concentrate the REEs contained in its Ashram Deposit. The full report can be accessed with the following links:


TORONTO, ONTARIO / ACCESSWIRE / February 15, 2017 / Pancontinental Gold Corporation (TSXV: PUC) ("Pancon Gold" or the "Company") is pleased to provide a progress update on the initial stage of its Jefferson Gold Project drill program in Chesterfield county, South Carolina, USA. The drill program began in mid-November 2016 (as per Pancon Gold's news release of November 15, 2016). Four pilot holes have been completed to date at Anomaly A, which is partially covered by a veneer of younger sand that limits the availability of surface exposures. The purpose of these pilot holes has been to test structural and lithologic controls on mineralization at depth, and to provide context and guidance for further drilling throughout the first half of 2017. The geology on the Jefferson Gold Project is similar to that hosting the nearby producing Haile gold mine and the adjacent historic Brewer gold mine. Unique to Pancon Gold's Jefferson Gold project is the recognition from current drilling that the mineralization identified consists of Haile-style sediment hosted gold replacement mineralization and altered packages, together with porphyry intrusives that more closely resemble a Brewer-style high sulphidation gold system and related low sulphidation mineralization. Current drilling has also identified surface oxidation to depths of nearly 70 metres (229 feet), which bodes well for the discovery of a bulk tonnage oxidized gold deposit within the current target areas. Pancon Gold's Board and Technical Advisory Committee are encouraged by the degree of alteration and sulphide mineralization observed in the initial Anomaly A pilot holes, and by the presence of significant wide zones of silicification and quartz stockwork. The Company is employing oriented drill core and close-spaced drilling to unravel the structure within a footprint of 300 metres by 200 metres (984 feet by 656 feet). Additional surface anomalies up to a kilometre (0.6 mile) south of Anomaly A have been identified, but are yet to be tested. These anomalies may relate to the Anomaly A trend or a parallel trend, and the Company is conducting surface sampling in this area where possible. Approximately 715 metres (2,345 feet) have been drilled to date, and the current initial stage drill plan calls for completing approximately 1,500 metres (5,000 feet) in total, at which time results will be released. Core samples are being shipped first to ALS Chemex in Arizona for preparation, then to ALS in Vancouver for fire assay gold analysis and four acid digestion 33 multi-element ICP-AES analysis. Standard quality assurance/quality control procedures are followed including blanks, duplicates and standards. Dr. Dennis LaPoint is a qualified person under National Instrument 43-101 "Standards of Disclosure for Mineral Projects," and has approved the technical information contained in this news release. Dr. LaPoint is not independent of Pancon Gold, as he is Vice President of Exploration. Also today, the Pancon Gold Board announced the appointment of Layton Croft as President and CEO of Pancon Gold's wholly-owned subsidiary, Palmetto Mining Corporation. Incorporated in South Carolina, Palmetto Mining has 100% ownership of the Jefferson Gold Project. Mr. Croft is responsible for ensuring successful and cost effective drill programs at the Jefferson Gold Project. He is also responsible for building and maintaining positive, mutually beneficial stakeholder relationships in the Carolinas region to foster stability, expansion and growth over time. He will be working closely with Dr. LaPoint and with Pancon Gold's Technical Advisory Committee. Mr. Croft was appointed Vice President of Corporate Development for Pancon Gold on January 26, 2017. The Jefferson Gold Project is located in the highly mineralized, gold-rich Carolina Mineral Belt, which was home to the first gold rush in the United States, 190 years ago. Pancontinental Gold Corporation (www.pancongold.com) is a Canadian-based mining company focused on the exploration and development of the Jefferson Gold Project in South Carolina, USA, and on acquiring additional prospective properties. The Company's shares are listed on the TSX Venture Exchange, trading under the symbol PUC. In 2015, Pancon Gold sold its interest in its Australian rare earth element (REE) and uranium properties, formerly held through a joint venture, and retains a 1% gross overriding royalty on 100% of future production. ON BEHALF OF THE BOARD OF DIRECTORS For further information, please contact: For additional information please visit our web site: www.pancongold.com, and our Twitter feed: @PanconGold. 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 news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws. TORONTO, ONTARIO / ACCESSWIRE / February 15, 2017 / Pancontinental Gold Corporation (TSXV: PUC) ("Pancon Gold" or the "Company") is pleased to provide a progress update on the initial stage of its Jefferson Gold Project drill program in Chesterfield county, South Carolina, USA. The drill program began in mid-November 2016 (as per Pancon Gold's news release of November 15, 2016). Four pilot holes have been completed to date at Anomaly A, which is partially covered by a veneer of younger sand that limits the availability of surface exposures. The purpose of these pilot holes has been to test structural and lithologic controls on mineralization at depth, and to provide context and guidance for further drilling throughout the first half of 2017. The geology on the Jefferson Gold Project is similar to that hosting the nearby producing Haile gold mine and the adjacent historic Brewer gold mine. Unique to Pancon Gold's Jefferson Gold project is the recognition from current drilling that the mineralization identified consists of Haile-style sediment hosted gold replacement mineralization and altered packages, together with porphyry intrusives that more closely resemble a Brewer-style high sulphidation gold system and related low sulphidation mineralization. Current drilling has also identified surface oxidation to depths of nearly 70 metres (229 feet), which bodes well for the discovery of a bulk tonnage oxidized gold deposit within the current target areas. Pancon Gold's Board and Technical Advisory Committee are encouraged by the degree of alteration and sulphide mineralization observed in the initial Anomaly A pilot holes, and by the presence of significant wide zones of silicification and quartz stockwork. The Company is employing oriented drill core and close-spaced drilling to unravel the structure within a footprint of 300 metres by 200 metres (984 feet by 656 feet). Additional surface anomalies up to a kilometre (0.6 mile) south of Anomaly A have been identified, but are yet to be tested. These anomalies may relate to the Anomaly A trend or a parallel trend, and the Company is conducting surface sampling in this area where possible. Approximately 715 metres (2,345 feet) have been drilled to date, and the current initial stage drill plan calls for completing approximately 1,500 metres (5,000 feet) in total, at which time results will be released. Core samples are being shipped first to ALS Chemex in Arizona for preparation, then to ALS in Vancouver for fire assay gold analysis and four acid digestion 33 multi-element ICP-AES analysis. Standard quality assurance/quality control procedures are followed including blanks, duplicates and standards. Dr. Dennis LaPoint is a qualified person under National Instrument 43-101 "Standards of Disclosure for Mineral Projects," and has approved the technical information contained in this news release. Dr. LaPoint is not independent of Pancon Gold, as he is Vice President of Exploration. Also today, the Pancon Gold Board announced the appointment of Layton Croft as President and CEO of Pancon Gold's wholly-owned subsidiary, Palmetto Mining Corporation. Incorporated in South Carolina, Palmetto Mining has 100% ownership of the Jefferson Gold Project. Mr. Croft is responsible for ensuring successful and cost effective drill programs at the Jefferson Gold Project. He is also responsible for building and maintaining positive, mutually beneficial stakeholder relationships in the Carolinas region to foster stability, expansion and growth over time. He will be working closely with Dr. LaPoint and with Pancon Gold's Technical Advisory Committee. Mr. Croft was appointed Vice President of Corporate Development for Pancon Gold on January 26, 2017. The Jefferson Gold Project is located in the highly mineralized, gold-rich Carolina Mineral Belt, which was home to the first gold rush in the United States, 190 years ago. Pancontinental Gold Corporation (www.pancongold.com) is a Canadian-based mining company focused on the exploration and development of the Jefferson Gold Project in South Carolina, USA, and on acquiring additional prospective properties. The Company's shares are listed on the TSX Venture Exchange, trading under the symbol PUC. In 2015, Pancon Gold sold its interest in its Australian rare earth element (REE) and uranium properties, formerly held through a joint venture, and retains a 1% gross overriding royalty on 100% of future production. ON BEHALF OF THE BOARD OF DIRECTORS For further information, please contact: For additional information please visit our web site: www.pancongold.com, and our Twitter feed: @PanconGold. 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 news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.


TORONTO, ONTARIO / ACCESSWIRE / February 15, 2017 / Pancontinental Gold Corporation (TSXV: PUC) ("Pancon Gold" or the "Company") is pleased to provide a progress update on the initial stage of its Jefferson Gold Project drill program in Chesterfield county, South Carolina, USA. The drill program began in mid-November 2016 (as per Pancon Gold's news release of November 15, 2016). Four pilot holes have been completed to date at Anomaly A, which is partially covered by a veneer of younger sand that limits the availability of surface exposures. The purpose of these pilot holes has been to test structural and lithologic controls on mineralization at depth, and to provide context and guidance for further drilling throughout the first half of 2017. The geology on the Jefferson Gold Project is similar to that hosting the nearby producing Haile gold mine and the adjacent historic Brewer gold mine. Unique to Pancon Gold's Jefferson Gold project is the recognition from current drilling that the mineralization identified consists of Haile-style sediment hosted gold replacement mineralization and altered packages, together with porphyry intrusives that more closely resemble a Brewer-style high sulphidation gold system and related low sulphidation mineralization. Current drilling has also identified surface oxidation to depths of nearly 70 metres (229 feet), which bodes well for the discovery of a bulk tonnage oxidized gold deposit within the current target areas. Pancon Gold's Board and Technical Advisory Committee are encouraged by the degree of alteration and sulphide mineralization observed in the initial Anomaly A pilot holes, and by the presence of significant wide zones of silicification and quartz stockwork. The Company is employing oriented drill core and close-spaced drilling to unravel the structure within a footprint of 300 metres by 200 metres (984 feet by 656 feet). Additional surface anomalies up to a kilometre (0.6 mile) south of Anomaly A have been identified, but are yet to be tested. These anomalies may relate to the Anomaly A trend or a parallel trend, and the Company is conducting surface sampling in this area where possible. Approximately 715 metres (2,345 feet) have been drilled to date, and the current initial stage drill plan calls for completing approximately 1,500 metres (5,000 feet) in total, at which time results will be released. Core samples are being shipped first to ALS Chemex in Arizona for preparation, then to ALS in Vancouver for fire assay gold analysis and four acid digestion 33 multi-element ICP-AES analysis. Standard quality assurance/quality control procedures are followed including blanks, duplicates and standards. Dr. Dennis LaPoint is a qualified person under National Instrument 43-101 "Standards of Disclosure for Mineral Projects," and has approved the technical information contained in this news release. Dr. LaPoint is not independent of Pancon Gold, as he is Vice President of Exploration. Also today, the Pancon Gold Board announced the appointment of Layton Croft as President and CEO of Pancon Gold's wholly-owned subsidiary, Palmetto Mining Corporation. Incorporated in South Carolina, Palmetto Mining has 100% ownership of the Jefferson Gold Project. Mr. Croft is responsible for ensuring successful and cost effective drill programs at the Jefferson Gold Project. He is also responsible for building and maintaining positive, mutually beneficial stakeholder relationships in the Carolinas region to foster stability, expansion and growth over time. He will be working closely with Dr. LaPoint and with Pancon Gold's Technical Advisory Committee. Mr. Croft was appointed Vice President of Corporate Development for Pancon Gold on January 26, 2017. The Jefferson Gold Project is located in the highly mineralized, gold-rich Carolina Mineral Belt, which was home to the first gold rush in the United States, 190 years ago. Pancontinental Gold Corporation (www.pancongold.com) is a Canadian-based mining company focused on the exploration and development of the Jefferson Gold Project in South Carolina, USA, and on acquiring additional prospective properties. The Company's shares are listed on the TSX Venture Exchange, trading under the symbol PUC. In 2015, Pancon Gold sold its interest in its Australian rare earth element (REE) and uranium properties, formerly held through a joint venture, and retains a 1% gross overriding royalty on 100% of future production. ON BEHALF OF THE BOARD OF DIRECTORS For further information, please contact: For additional information please visit our web site: www.pancongold.com, and our Twitter feed: @PanconGold. 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 news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.


News Article | March 2, 2017
Site: marketersmedia.com

ELKO, NV / ACCESSWIRE / March 2, 2017 / Lithium Corporation (OTCQB: LTUM) "the Company" is pleased to announce that it has signed a Letter of Intent (LOI) with Bormal Resources Inc., a private British Columbia company with respect to three Tantalum-Niobium properties in British Columbia. Lithium Corporation is to earn a 100% interest in the Properties by furnishing to the Optionor: 1,000,000 common shares @ signing of a formal agreement 750,000 common shares @ 1st anniversary of the formal agreement In consideration of the above, Lithium Corporation will earn a full 100% interest in the properties, subject to two separate 1% Net Smelter Royalties (NSR's) that may be purchased at anytime for $500,000 each. The Michael property in the Trail Creek Mining Division was originally staked to cover one of the most compelling tantalum (Ta) in stream sediment anomalies, as seen in the government RGS database in British Columbia. Bormal conducted a stream sediment sampling program in 2014 and determined that the tantalum-niobium in stream sediment anomaly here is bona fide, and in the order of 6 kilometers in length. Tantalum in stream sediments values in the Bormal program ranged from 4.8 ppm outside of the anomaly to 31.2 ppm within the anomaly, while niobium ranged from 101.57 ppm to a high of 490.21 ppm. The values for Ta within the anomaly for the most part rank in the 98th percentile for the values obtained in the RGS surveys, and the absolute high value from the Bormal survey ranks as the 17th strongest response relative to the RGS database, which contains over 53,000 samples. In November of 2016, Lithium Corporation conducted a short soil geochemistry orientation program on the property as part of its due diligence, and determined that there are elevated levels of Niobium-Tantalum in soils here. Also in the general area of the Michael property the Yeehaw property has been staked over a similar but lower amplitude Tantalum/REE in stream sediment anomaly. Both properties are situated in the Eocene Coryell Batholith, and it is thought that these anomalies may arise from either Carbonatite or Pegmatite type deposits. The third property - Three Valley Gap, is in the Revelstoke Mining Division and is situated in a locale where several Nb-Ta enriched carbonatites have been noted to occur, and where sampling by the BCGS in the 1980's returned Tantalum values as high as 100 ppm Ta. A brief field program by Bormal in 2015 located one of these carbonatites, and concurrent soil sampling determined that the soils here are enriched with Nb-Ta over the known carbonatite, and indicated that there are other geochemical anomalies locally that may indicate that more carbonatites exist here and are shallowly buried. Tantalum has a number of applications, with the bulk of production being allocated for the manufacture of electronic capacitors. It also is becoming increasingly utilized in alloys where its high reliability characteristics and low failure rates make it indispensible for aerospace applications. Some other uses are; medical implants due to it being chemically inert, light weight - high resolution glass lenses; and it can be found in almost all popular hand held and stationary electronic devices in use today. There have been several electric vehicle manufacturers that have experimented with the inclusion of a large capacitor in their vehicles for those times when rapid acceleration or extra power is desired. The capacitor decreases the need for larger batteries for these sporadic periods of greater power output. Very little of North America's demand for tantalum is met from mines on the continent, so it is conceivable that any new deposit that proves to be economically feasible may find a ready domestic market for its output. For further information with regard to Lithium Corporation, please contact Tom Lewis at (775) 410-2206 or via email at info@lithiumcorporation.com. Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, looking to capitalize on opportunities within the ever expanding next generation storage markets. This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission. ELKO, NV / ACCESSWIRE / March 2, 2017 / Lithium Corporation (OTCQB: LTUM) "the Company" is pleased to announce that it has signed a Letter of Intent (LOI) with Bormal Resources Inc., a private British Columbia company with respect to three Tantalum-Niobium properties in British Columbia. Lithium Corporation is to earn a 100% interest in the Properties by furnishing to the Optionor: 1,000,000 common shares @ signing of a formal agreement 750,000 common shares @ 1st anniversary of the formal agreement In consideration of the above, Lithium Corporation will earn a full 100% interest in the properties, subject to two separate 1% Net Smelter Royalties (NSR's) that may be purchased at anytime for $500,000 each. The Michael property in the Trail Creek Mining Division was originally staked to cover one of the most compelling tantalum (Ta) in stream sediment anomalies, as seen in the government RGS database in British Columbia. Bormal conducted a stream sediment sampling program in 2014 and determined that the tantalum-niobium in stream sediment anomaly here is bona fide, and in the order of 6 kilometers in length. Tantalum in stream sediments values in the Bormal program ranged from 4.8 ppm outside of the anomaly to 31.2 ppm within the anomaly, while niobium ranged from 101.57 ppm to a high of 490.21 ppm. The values for Ta within the anomaly for the most part rank in the 98th percentile for the values obtained in the RGS surveys, and the absolute high value from the Bormal survey ranks as the 17th strongest response relative to the RGS database, which contains over 53,000 samples. In November of 2016, Lithium Corporation conducted a short soil geochemistry orientation program on the property as part of its due diligence, and determined that there are elevated levels of Niobium-Tantalum in soils here. Also in the general area of the Michael property the Yeehaw property has been staked over a similar but lower amplitude Tantalum/REE in stream sediment anomaly. Both properties are situated in the Eocene Coryell Batholith, and it is thought that these anomalies may arise from either Carbonatite or Pegmatite type deposits. The third property - Three Valley Gap, is in the Revelstoke Mining Division and is situated in a locale where several Nb-Ta enriched carbonatites have been noted to occur, and where sampling by the BCGS in the 1980's returned Tantalum values as high as 100 ppm Ta. A brief field program by Bormal in 2015 located one of these carbonatites, and concurrent soil sampling determined that the soils here are enriched with Nb-Ta over the known carbonatite, and indicated that there are other geochemical anomalies locally that may indicate that more carbonatites exist here and are shallowly buried. Tantalum has a number of applications, with the bulk of production being allocated for the manufacture of electronic capacitors. It also is becoming increasingly utilized in alloys where its high reliability characteristics and low failure rates make it indispensible for aerospace applications. Some other uses are; medical implants due to it being chemically inert, light weight - high resolution glass lenses; and it can be found in almost all popular hand held and stationary electronic devices in use today. There have been several electric vehicle manufacturers that have experimented with the inclusion of a large capacitor in their vehicles for those times when rapid acceleration or extra power is desired. The capacitor decreases the need for larger batteries for these sporadic periods of greater power output. Very little of North America's demand for tantalum is met from mines on the continent, so it is conceivable that any new deposit that proves to be economically feasible may find a ready domestic market for its output. For further information with regard to Lithium Corporation, please contact Tom Lewis at (775) 410-2206 or via email at info@lithiumcorporation.com. Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, looking to capitalize on opportunities within the ever expanding next generation storage markets. This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Loading REE collaborators
Loading REE collaborators