Sirona Biochem (SBM:tsxv) CEO’s Report on Progress
Sirona Biochem CEO’s Report on Progress
– Momentum Public Relations – June 30, 2016
Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB) (XETRA: ZSB) today provided a business update.
Dear Shareholders,
I would like to provide an update on our progress.
As we enter Q3, our resources continue to be focused on completing a license agreement for our skin lightener SBM-TFC-1067 with a global cosmetic company. While we initially anticipated a deal by the end of Q2, these types of agreements take time and we appreciate your patience. We are very confident in our ability to secure a licensing deal for SBM-TFC-1067.
Skin Lightener SBM-TFC-1067
SBM-TFC-1067 continues to attract the interest of global cosmetic companies, a list which continues to grow. A number of these companies completed material transfer agreements allowing them to test the compound in their facilities. We successfully scaled-up and produced over 1 kg of compound. In parallel, we completed independent testing in a 3D melanocyte model that mimics human skin. The results showed a strong skin lightener at low dosing without signs of toxicity. As this model is used by our potential partners to assess compounds, the study was key to obtaining independent results and improving our negotiating position.
Anti-Aging and Regenerative Compounds
We advanced our anti-aging and regenerative-medicine project by adding several compounds to our library which now consists of 16 novel compounds. With our lead compounds, we were able to show a protective effect in human fibroblast studies under stress conditions. Several global corporations have expressed interest and have signed material transfer agreements. These companies have been provided material for testing.
SGLT2 Inhibitor SBM-TFC-039
Wanbang Biopharmaceuticals has moved into pre-IND (Investigational New Drug) studies with SBM-TFC-039 for type 2 diabetes in China. Upon completion, Wanbang will file the IND with the CFDA. A successful filing will result in a $500,000 USD milestone payment for Sirona. We continue to work with Wanbang and provide technical support for the ongoing studies.
The company continues to maintain a healthy balance sheet and recently generated $829,500 as a result of a non-brokered private placement.
Looking back, over the last 12 months, Sirona Biochem has completed the following:
- Advanced discussions for a licensing deal for SBM-TFC-1067.
- Completed testing in a 3-D melanocyte skin model with excellent results.
- Obtained a milestone payment of $300,000 USD from Wanbang Biopharmaceuticals.
- Advanced the Obagi skin-lightening project.
- Increased the anti-aging and cell preservation library of compounds.
- Entered into material transfer agreements with various global companies for testing of the anti-aging/cell preservation library.
- Launched programs for Keloid scar and acne therapies.
- Launched a red blood cell preservation program.
- Presented at multiple global conferences with a focus on cosmetic ingredients.
Thank you for your continued support. Management remains confident that 2016 will be transformational for Sirona Biochem.
Sincerely,
Dr. Howard Verrico, CEO
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is located in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information visit www.sironabiochem.com.
- Published in Life Sciences, News Home, Sirona Biochem
Namaste Ranked as #1 E-Commerce Vaporizer Portal Globally
Namaste Ranked as #1 E-Commerce Vaporizer Portal Globally
– Momentum Public Relations –
Press Release: June 28, 2016
Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(OTC PINK:NXTTF)(FRANKFURT:M5BQ), a leading international vaporizers and accessories e-commerce company based on customer trustworthiness and service quality, reports on recent positive developments relating to its e-commerce and manufacturing divisions. The following are the unique strategic attributes of the Company:
- An international leader in the e-commerce sale of vaporizers and accessories with sales in over 20 countries. Namaste is the only publicly listed Canadian vaporizer investment opportunity focused on addressing medical and recreational herb consumers;
- Current revenue run rate of approximately US$2.4 million and experiencing organic revenue growth in current sales of 6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} monthly (100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} annual). After the previously announced acquisition of VaporSeller, Namaste will expand run rate revenue from US$2.4 million to US$5.8 million and seeks to increase sales by the same organic growth rate of 6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} monthly, while generating breakeven to positive cash flows; and
- Combining an excellent array of management skillsets with expertise in e-commerce, product development and engineering and corporate finance.
Under the leadership of Sean Dollinger, an e-commerce expert and President and CEO of Namaste, the Company has had its ranking as the number one ranked e-commerce portal for the sale of vaporizers and accessories re-confirmed by Trustpilot. Namaste has maintained its 9.8 out of a maximum possible score of 10. This score independently ranks Namaste’s e-commerce customer trustworthiness and service quality as the highest ranking in the world for vaporizer distributors. This score also places Namaste in the top 0.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the world’s e-commerce sites for trustworthiness and service. Trustpilot is an independent rating company that reports customer experiences with e-commerce companies.
Further to the Company’s press release on May 30, 2016 and under the direction of Kory Zelickson, an experienced electrical engineer and Chief Operating Officer of Namaste, the Grizzly Guru, a handheld portable vaporizer that provides a seamless solution for vaporizing dry herbs, concentrates and liquids, has been gaining significant sales momentum in the first month of commercial availability. This is the first product designed and manufactured by Namaste. The Company has now sold over 300 units through retail and wholesale channels and continues to increase production rates in order to meet demand. Based on market feedback, the Company anticipates continued success in terms of expanding sales of these high margin products and will continue pursue other unique product concepts for commercialization. The Grizzly Guru can be purchased at www.grizzlyoriginals.com.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Learn more by clicking here: www.namastetechnologies.com
- Published in Life Sciences, Namaste Technologies, News Home
Canada Strategic Metals (CJC.V) Starts Summer Exploration Program at Sakami Gold Project
Canada Strategic Metals (CJC.V) Starts Summer Exploration Program at Sakami Gold Project
– Momentum Public Relations –
Press Release: June 28, 2016
Canada Strategic Metals Inc. (“Canada Strategic Metals” or “the Company”) (TSX VENTURE:CJC)(FRANFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc. (TSX VENTURE:MAT)(OTCQX:MHREF) are pleased to announce the beginning of the summer exploration program on Sakami Gold project.
Canada Strategic plans to conduct an important program of exploration between June 15th to August 15th, 2016. The program will includes magnetic-electromagnetic ground survey on La Pointe, JR West and Iles area, extensive prospection and stripping program on the Peninsula, JR and Iles area to test by sampling and tried to explain the anomalies identified by geochemistry and geophysics complete in 2014-2015 (see map below). Also, a ± 2000 meters drilling program is plan on the La Pointe area to extend the zone 25 to the North-west and to the south-east. (a map of localisation of plan drill hole is available at http://media3.marketwire.com/docs/strat_1_b.jpg).
The drilling program is aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, the South-east, as well as its extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Also, a lithological exploration hole is plan in the south portion of La Pointe. A surface map showing drill holes locations is available at http://media3.marketwire.com/docs/strat_2.jpg.
“We are very excited by this important exploration program that will include new drilling on the Sakami project during the month of July” said Jean-Sebastien Lavallée, President and Chief Executive Officer of Canada Strategic Metals. “The latest intersection of more than 45 meters containing significant gold grade was very encouraging and drilling in the extension of these zone can reveal significant results, including high grade as we can observe in Hole PT-15-87.”
Table of mineralized intersections from 2013-2015 drill holes
Hole # | From (m) | To (m) | Length* (m) | Au (g/t) |
PT-13-65 | 112.50 | 138.00 | 25.50 | 3.03 |
Including | 126.00 | 138.00 | 12.00 | 4.00 |
PT-13-67 | 126.90 | 154.85 | 27.95 | 3.78 |
Including | 132.25 | 154.85 | 22.60 | 4.01 |
Including | 138.00 | 145.00 | 7.00 | 7.21 |
PT-13-68 | 200.50 | 221.00 | 20.50 | 2.77 |
Including | 201.65 | 215.00 | 13.35 | 3.23 |
Including | 201.65 | 205.00 | 3.35 | 4.71 |
278.25 | 281.10 | 2.85 | 2.82 | |
294.00 | 297.00 | 3.00 | 1.70 | |
PT-13-71 | 49.10 | 51.65 | 2.55 | 2.06 |
102.00 | 121.50 | 19.50 | 2.97 | |
Including | 107.40 | 121.50 | 14.10 | 3.78 |
Including | 112.00 | 121.50 | 9.50 | 3.95 |
PT-13-72 | 112.50 | 130.40 | 17.90 | 2.24 |
Including | 112.50 | 119.00 | 6.50 | 3.65 |
PT-14-74 | 237.65 | 264.00 | 26.35 | 2.30 |
Including | 243.70 | 252.50 | 8.80 | 3.80 |
Including | 247.70 | 252.50 | 4.80 | 5.18 |
PT-14-79 | 188.00 | 236.20 | 48.20 | 2.51 |
Including | 188.00 | 200.00 | 12.00 | 6.93 |
Including | 190.00 | 196.00 | 6.00 | 11.35 |
Including | 202.50 | 207.00 | 4.50 | 1.33 |
Including | 226.50 | 234.00 | 7.50 | 3.06 |
PT-14-82 | 231.45 | 271,70 | 40.25 | 1.43 |
Including | 231.45 | 235.50 | 4.05 | 5.12 |
Including | 231.45 | 240.00 | 8.55 | 3.58 |
Including | 256.85 | 259.00 | 2.15 | 3.83 |
Including | 267.50 | 271.70 | 4.20 | 2.38 |
PT-14-83 | 240.00 | 295.50 | 55.50 | 1.06 |
Including | 240.00 | 252.00 | 12.00 | 3.54 |
PT-15-85 | 148.50 | 194.00 | 45.50 | 1.47 |
Including | 148.50 | 156.00 | 7.50 | 3.84 |
Including | 183.00 | 194.00 | 11.00 | 1.74 |
PT-15-87 | 219.40 | 229.00 | 9.60 | 6.86 |
Including | 220.50 | 227.00 | 6.50 | 9.9 |
* Core length; the Company estimates the true width of the mineralized zone at 70 to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the core length.
The 2016 summer program is managed by Consul-Teck Exploration of Val-d’Or, Quebec who designed the drilling campaign, with the help of Guy Desharnais of SGS company.
Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were inserted regularly into the sample stream.
The samples were delivered, in secure tagged bags, directly to the analytical facility for analysis; in this case ALS Minerals laboratory facility in Val-d’Or (Quebec). The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
Grant of options
The Company also announces that it has granted to Relations Publiques Paradox 450,000 stock options. The options will be exercisable for a period of two years, at a price of $0.10 per share. The Company will also extend the expiry date of 850,000 stock options issued in July 2014 for a period of two years.
These options will vest over a 12-month period at a rate of 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per quarter. The options are granted in accordance with the Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the Company’s Stock Option Plan.
The above-mentioned are subject to the approval of the TSX Venture Exchange.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 22,584 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
For more information on the Company, please visit www.csmetals.ca.
- Published in Canadian Strategic CJC, Mining, News Home, Uncategorized
China’s Jien Nickel Industry acquire Canadian Lithium Company for 513 million yuan
Jien Nickel Industry: 513 million yuan acquisition of Canadian Lithium miner
June 24, 2016 release night announced that its wholly owned subsidiary “Jean international investment Limited” to establish a wholly-owned subsidiary, 9554661 Canada Inc. and RB Energy Inc., Quebec Lithium Inc. liquidation receiver KSV Kofman Inc. signed an “asset purchase agreement” to acquire Quebec Lithium Inc the main assets of.
- Published in Blog, Fairmont Resources, Mining
Brexit creates Insecurity, Investors seek Opportunities in Gold
Brexit creates Insecurity, Investors seek Opportunities in Gold
– Momentum Public Relations –
Last Thursday, Britain voted to leave the European Union (EU) by a 52 percent to 48 percent margin. Although the long-term consequences of this surprising outcome are still uncertain, the short term effects are already being felt and are going to intensify and it didn’t take too long for Britain’s economy and relations with other European countries to take a big hit.
Brexit is already causing a domino effect. Northern Ireland and Scotland are already discussing about leaving the U.K. to stay in the EU. Meanwhile, countries like France, Italy and the Netherlands are contemplating the idea of following the U.K. and leaving the EU. A divided Europe could be really harmful for America since its economy relies heavily on the export sector. Already agonizing from the slowing growth in Europe, in addition to suffering from a strong dollar against the euro. Brexit is contributing to worsen those effects, particularly with the British pound now hitting its lowest point since 1985. Furthermore, Britain is America’s main channel when it comes to expressing its economic and political will in Europe.
The turbulence abroad has recently pushed the Fed to keep interest rate hikes on hold which could be highly problematic since the Bank of International Settlements mentioned in its annual report that the “persistence of exceptionally low interest rates” contributes to endangering global growth, additionally to low productivity levels and high debt.
All these potential consequences had the effect of creating a sense of panic among investors, which contributed to a disruption of the markets. Even though the panic eased on Monday, it is estimated that more than US$2.08 trillion have been wiped off global equity markets last Friday which represent the biggest daily lost ever recorded.
It is well known that the spot price of gold and the economy are inversely related. Indeed, the economy is based on currency which is “faith based”. When investors lose faith in the markets, they often re-allocate from perceived riskier assets to assets that have tangible value, such as commodities. Gold has always been recognized as the true standard of value across the globe. This could be explained by the fact that gold maintains its value from one country to another and is not subject to the same systematic risk the stock market is. Moreover, the supply of gold is limited which causes it to obey the law of supply and demand.
With the recent events concerning Brexit and the Fed maintaining low interest rates, institutional investors and pension funds are more and more interested in buying gold. This huge rise in the demand has the effect of not only increasing the price of gold but also gold mining companies’ share prices. These companies now benefit from gold prices well above their gross cost of production which could allow many of them to clear their debt and start making money. Although the Brexit had many harmful effects on the market in the past few days, it definitely has a rejuvenating effect on gold companies. These companies now represent a huge potential for investors not only because they act as safe haven investments but also because they could generate huge revenues.
IWS Announces Newest and Largest SHARC System
IWS Announces Newest and Largest SHARC System
– Momentum Public Relations – June 27, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI) is pleased to announce that the Company has completed the in-house design of the newest and largest SHARC wastewater heat exchange system, the model 880 (“SHARC 880”). The SHARC 880 offers the highest capacity of any SHARC system designed and built by IWS to date.
The SHARC 880 handles a flow rate of up to 1500 gallons per minute (“GPM”), a capacity increase of three-times when compared to existing SHARC models with flow rates of 100 GPM to 500 GPM. In-house testing is now underway and will be completed in the next 90 days. Following completion of the design and test phase, production will be completed at IWS headquarters near Vancouver. The unit is scheduled to be installed and tested at a wastewater heat exchange project within a District Heating Network (“DHN”) in Vancouver. The DHN currently serves 4.3 million square feet (approximately 400,000 square meters) of residential, commercial, and institutional space with plans for future expansion.
The SHARC 880 was built in response to demand from prospective clients seeking a system with increased capacity. In particular, ongoing requests from various District Heating Networks confirm that wastewater heat exchange equipment for large and utility-scale projects is a growing market for IWS.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI) is a world leader in wastewater heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings.
- Published in Green Technology, International Wastewater Systems, News Home, Technology
Nouveau Monde Announces Robust Preliminary Economic Assessment With Pre-Tax NPV of $403.7 Million
Nouveau Monde Announces Robust Preliminary Economic Assessment With Pre-Tax NPV of $403.7 Million and IRR of 31.2 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, Concerning its Tony Claim Block-Matawinie Graphite Property
– Momentum Public Relations – June 22nd, 2016
Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde”) (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) covering the West Zone of the Tony Claim Block, part of its Matawinie Graphite Property. The PEA was prepared by Norda Stelo Inc. (formerly Roche Ltd., Consulting Group), an experienced and renowned engineering firm. All costs are in Canadian funds with the exception of the graphite sale price which is provided in US dollars.
Eric Desaulniers, President and Chief Executive Officer of Nouveau Monde, stated: “The completion of this first PEA is a significant milestone for Nouveau Monde and demonstrates that the Matawinie Project has the potential of becoming a reliable and long-term supplier of quality natural flake graphite.”
Mr. Desaulniers further stated that, “The rapid advancement of our Matawinie Project continues to be highly encouraging with a robust PEA being completed only four months after the release of our mineral resource estimate for the West Zone of the Tony Claim Block. On the back of this PEA, and the recent announcement of our successful metallurgical results, we are excited about promptly moving the project forward by completing a pre-feasibility study that continues to highlight the significant potential of our Matawinie Property.”
The following lists the highlights provided by the PEA:
Project Economics:
-- Pre-tax Net Present Value (NPV) of $403.7 million at an 8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} discount rate; -- After-tax NPV of $237.0 million at an 8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} discount rate; -- Pre-tax Internal Rate of Return (IRR) of 31.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; -- After-tax IRR of 24.7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; -- Life of Mine (LOM) of 25.7 years; -- Mine Pay Back estimated at 2.9 years (Pre Tax); -- Mine Pay Back estimated at 3.5 years (After Tax); -- LOM Revenue of $2,430.9 million (Life of Mine revenue); -- LOM Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of $1,586.7 million; -- Initial Capital Costs (Capex) of $144.5 million (including contingency of $22.4 million); -- Operating Expenditures (Opex) of $32.95 million per year or $660 per tonne of concentrate; -- Average sales price of graphite concentrate at $1,492 USD per tonne; -- USD$/CAD conversion rate of 1.28.
Operational Highlights:
-- Annual average full production of 49,921 tonnes of graphite concentrate; -- 4.48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg average grade LOM graphite content contained in the mineralization; -- Graphite milling recovery above 89.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; -- Finished product/ concentrate purity greater than 97.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg; -- Stripping ratio (LOM) of 0.94:1.
Cautionary Note: The PEA completed for the Company is preliminary in nature and includes inferred mineral resources, considered too speculative in nature to be categorized as mineral reserves. Mineral resources that are not mineral reserves have not demonstrated economic viability. Additional trenching and/or drilling will be required to convert inferred mineral resources to indicated or measured mineral resources. There is no certainty that the resources development, production, and economic forecasts on which this PEA is based will be realized.
A technical report detailing the PEA, and completed in accordance with National Instrument (NI) 43-101 guidelines, will be filed and available on SEDAR within 45 days of this release.
MINERAL RESOURCES
The PEA is based on the mineral resource estimate, completed in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, released on February 23, 2016 by Nouveau Monde and detailed in a technical report, completed in accordance with National Instrument (NI) 43-101 guidelines, entitled: Resource Estimate Update, Tony Block, Matawinie Property, Lanaudiere Region, Quebec, dated March 30, 2016.
The in-pit resource located on the West Zone represents only a portion of the total mineral resources identified to date on the Tony Block. The latter include 48.6 million tonnes grading 3.97 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} graphitic carbon (Cg) of indicated resources and 34.7 million tonnes, grading 4.08 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg of inferred resources, using a cut-off grade of 2.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg, spread throughout three areas, the West, the South-East and the South-West Zones (see press release dated February 23, 2016). Both south zones were not included in this PEA since the West Zone showed resources in excess of 25 years, this being the limit imposed for a relevant financial analysis. Maps displaying significant exploration results obtained to date may be downloaded below:
– Property Map: http://nouveaumonde.ca/wp-content/uploads/PR_Tony_Block_20160622r.pdf
– Map of the West Zone: http://nouveaumonde.ca/wp-content/uploads/PR_West_Zone_20160622r.pdf
MINING
A PEA is a conceptual study of the potential viability of identified mineral resources. It includes inferred mineral resources that are considered too speculative in nature, and as such, cannot be categorized as mineral reserves. The purpose of this study is to inform the reader of the economic potential of the mineral property.
In the following text, graphite is expressed in graphitic carbon percentage (Cg {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}).
Mining Highlights
-- Only the West Zone of the Tony Claim Block has been considered in the PEA as it provided the best economics compared to the other mineralized zones; -- The in-pit resources represents only a portion of the total mineral resources identified on the Tony Block (see news release published February 23, 2016); -- The open pit optimisation, using GEOVIA's Whittle(TM) software, considers as viable a portion located 45 metres (m) deeper than the arbitrary limit of 435 m at sea level (ASL) used for the mineral resources estimate of the West Zone as reported on February 23, 2016; -- Mining is performed by open pit using a conventional truck and shovel operation; -- The mining production schedule is limited to one shift of 10 hours, 5 days a week so as to reduce environmental and social impact; -- Mining is to be executed under contract services under the supervision of Nouveau Monde; -- The mining operation is set at 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the milling capacity for the first year for ramp up; -- Mine life of 25.7 years, with a total in-pit undiluted resource of 16.0 Mt grading 4.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg and 14.8 Mt grading 4.88{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg of indicated and inferred resources respectively; -- After a 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} dilution and a mining recovery of 95.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, the West Zone represents a potential life of mine (LOM) graphite content of 1.38 Mt; -- LOM undiluted head grade of 4.62{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg compared to the undiluted resources estimate of 4.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg reported on February 23, 2016, indicates that grade increases with depth; -- Pre-production is planned over a two year period in order to prepare the infrastructure which includes the mine site, mill and tailing facilities.
The geotechnical parameters presented in Table 1 were used for the West Zone pit optimization performed by GEOVIA’s Whittle(TM) software:
Table 1: West Zone open pit preliminary design parameters.
---------------------------------------------------------------------------- Item Value Unit ---------------------------------------------------------------------------- Bench Height (double benching) 10 m ---------------------------------------------------------------------------- Berm Width 6 m ---------------------------------------------------------------------------- Ramp and Haul Road Width 18 m ---------------------------------------------------------------------------- Bench Face Angle 85 degree ---------------------------------------------------------------------------- Inter-ramp Slope Angle 55 degree ---------------------------------------------------------------------------- Overall Slope Angle 50 degree ----------------------------------------------------------------------------
The study contemplates an average feed rate of 3,290 tonnes per day and a 25.7 year mine life at an average life of mine (LOM) waste to mineralized material strip ratio of 0.94:1. The mineable portion of the mineral resource was developed based on a marginal cut-off grade of 1.96{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg (low grade) and a breakeven cut-off grade of 2.28{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg (high grade) using the cost and revenue parameters presented in Table 2.
Table 2: Cost and revenue parameters used for cut-off grade determination
(The following parameters could differ from those used for the financial analysis)
---------------------------------------------------------------------------- Item Value Unit ---------------------------------------------------------------------------- Processing cost 14.67 C$/t milled ---------------------------------------------------------------------------- General & Administrative cost 4.21 C$/t milled ---------------------------------------------------------------------------- TMF maintenance cost 0.96 C$/t milled ---------------------------------------------------------------------------- Reference mining cost (Waste) 4.52 C$/t milled ---------------------------------------------------------------------------- Mining cost (Mineralized materials) 5.84 C$/t milled ---------------------------------------------------------------------------- Reclamation cost 1.20 C$/t milled ---------------------------------------------------------------------------- Selling price Cg 1,492 USD$/t of concentrate ---------------------------------------------------------------------------- Milling recovery 89.5 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- Finished product/concentrate purity 97.1 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg ---------------------------------------------------------------------------- Commodity payment 100 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ----------------------------------------------------------------------------
A Net Smelter Return (NSR) royalty of 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} applies to the Tony Claim Block. Nouveau Monde can buy back this 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR royalty in a one-time payment of $2 million during the pre-production years. This royalty was therefore not applied on the cut-off grade calculation as it is assumed that it will be paid prior to the beginning of mine production.
Once a dilution of 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and a mining recovery of 95.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} are applied on the in-pit resources (based on experience from similar operations), the mineralized material extracted over the course of the mine life totals 16 Mt grading 4.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg in the indicated category and 14.8 Mt grading 4.88{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg in the inferred category. The West Zone thus represents a potential LOM graphite content of 1.38 Mt. The in-pit mineable resources for the West Zone are summarized in Table 3 below:
Table 3: In-pit life-of-mine resources for the West Zone
---------------------------------------------------------------------------- Resources Estimate statement (Mt) In-Pit (February 23, Class Resources (Mt) Grade ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg) 2016) Grade ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg) ---------------------------------------------------------------------------- Indicated 16.0 4.38 22.3 4.25 ---------------------------------------------------------------------------- Inferred 14.8 4.88 15.5 4.59 ----------------------------------------------------------------------------
Compared to the resources estimate released on February 23, 2016, the in-pit LOM tonnage represents 72{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the indicated and the inferred resources, respectively. This difference can be attributed to the pit optimisation process which considers as viable a portion located 45 m deeper than the arbitrary limit of 435 m above sea level (ASL) used for the mineral resources estimate of the West Zone as reported on February 23, 2016. Moreover, the LOM undiluted head grade of 4.62{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg compared to the undiluted resources estimate of 4.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg seems to indicate that grade increases with depth below the 435 m level.
The mining infrastructures have been conceived with the purpose of integrating environmentally friendly aspects and promoting a low visual impact. The processing plant and waste piles will be located less than 1,000 metres from the mine so as to minimize the project’s carbon footprint, to ensure short cycle times and to lower production costs.
The main mining infrastructure considered in this PEA comprises:
-- 8.3 km of roads; -- Potential-Acid Generating (PAG) waste rock storage totalling 257,000 m(2)(in case potential acid-generating waste is confirmed through additional testing) ; -- Non-Acid Generating (NAG) waste rock storage covering 233,700 m(2); -- Storage area covering 221,000 m(2)for overburden and top soil; -- Storage area covering 30,000 m(2) for low- grade stockpile; -- Two sedimentation ponds; -- One office occupying an area of 9,600 m(2); -- Garage facilities.
A mine site plan conceived for the PEA may be downloaded below:
– Mine Site Plan: http://nouveaumonde.ca/wp-content/uploads/PR_Mine_Site_Plan_20160622.pdf
PROCESSING & RECOVERY
A proven metallurgical process performed on a composite sample from the West Zone, using flotation only, yielded a concentrate with a purity above 97.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg and a recovery rate over 89.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Metallurgical testing supplied the parameters shown below:
-- Processing costs; -- $331.38/tonne of finished product -- $13.64/tonne of material processed -- Average annual processing rate of 1.21Mt; -- Average annual production of 49,921 tonnes of graphite concentrate; -- Average graphite recovery of 89.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; -- Finished product purity: -- 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Global greater than 97.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg, or; -- 16.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce},+50mesh @ 97.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg; -- 29.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce},-50+80mesh @ 97.6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg; -- 11.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, -80+100mesh @ 97.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg; -- 43.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, -100mesh @ 96.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg.
The first step of the graphite recovery process for the Matawinie Project consists of crushing the mined material. This will be followed by multiple steps of grinding, attrition scrubbing and flotation, and subsequent filtration, drying and classification. The processing plant design is based on a flow sheet developed at SGS Minerals Services, located in Lakefield, Ontario (Canada), using proven technologies to create a very efficient beneficiation operation. With this process, it is possible to obtain remarkably high graphite quality while obtaining good recoveries. This is especially true for the West Zone mineralization which is the subject of the current PEA.
Although the lock-cycle tests have not yet been performed and the optimization of the various circuits will be part of the next studies only, the results achieved for this PEA are very promising and demonstrate the robustness of the flow sheet. See the Company’s press release dated May 9, 2016 for further details on the Matawinie project metallurgical results.
GRAPHITE SALES PRICE ASSUMPTION
The graphite concentrate sales price used for the PEA was established at 1492$US/tonne. The selling price was determined using pricing information, averaged during a period of 60 months (from June 2011 to May 2016), obtained from Benchmark Mineral Intelligence (Benchmark) (www.benchmarkminerals.com). Benchmark is an independent credible source which compiles international graphite prices for various commercial size fractions and concentrate purities. The West Zone graphite concentrate value was calculated based on the weighted average of each size fraction and purities obtained during the metallurgical testing described in the section above. Table 4 presents graphite concentrate values in USD$ for various size fractions.
Table 4. Price per size fraction using a 60 month average value obtained through Benchmark Minerals Intelligence.
---------------------------------------------------------------------------- 60 month Average Price Size Fraction Purity (Cg) ($USD/t) Weight ---------------------------------------------------------------------------- +50 mesh 96-97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} $2,308 16.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- +80 mesh 96-97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} $1,526 29.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- +100 mesh 96-97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} $1,358 11.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- -100 mesh 96-97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} $1,198 43.00{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- Weighted Average Price: $1492 USD
DESCRIPTION OF ECONOMIC EVALUATION
According to the PEA, the Tony Claim Block has demonstrated potential economic viability in regards to an open pit graphite mine over the West mineralized Zone.
The capital cost estimate, summarized below, covers the development of the mine, ore processing facilities, and infrastructure required for Nouveau Monde’s project. It is based on the application of standard costing methods of achieving a PEA which provides an accuracy of +/-35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The operating cost covers mining, transportation, processing, tailings and water management, general and administration fees, as well as infrastructure and services.
CAPITAL & OPERATING COSTS
The capital intensity and cash operating costs are summarized below:
Capital Cost Breakdown (CAD) Mining $15,632,000 Plant $60,130,000 Tailings and water management $13,159,000 Infrastructure and Services $9,343,000 Total direct costs $98,264,000 Indirect costs $18,155,000 Owner's costs $5,644,000 Contingency (direct & indirect costs) $22,389,000 Total Initial Capex $144,452,000 Sustaining capital (including contingency) $14,422,000 Mine closure and rehabilitation (including contingency) $11,789,000 Total Sustaining & Mine Closure $26,211,000 Mine development costs Included in Capex (Mining) Cash Operating Cost Breakdown (per tonne of finished product) (CAD$) Mining $241/tonne Process, Tailings & Water $331/tonne General & Administration $88/tonne Total $660/tonne
PROJECT LOCATION & INFRASTRUCTURE
The Tony Claim Block is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Quebec, Canada. The claim block, including the West Zone, is easily accessible using existing logging roads and is close to quality infrastructure such as paved roads and high voltage power lines, both necessary for industrial activities. An abundance of skilled workforce is available in the community of Saint-Michel-des-Saint as well as in surrounding communities, following the recent closing of multiple logging activities.
QUALITY CONTROL & ASSURANCE
The technical information derived from the Preliminary Economic Assessment present in this news release was prepared by Pierre H. Terreault, P.Eng. MPM, of Norda Stelo Inc., an independent Qualified Person as defined by National Instrument 43-101. The press release was reviewed by Eric Desaulniers, M.Sc., P.Geo., President and CEO of Nouveau Monde, a Qualified Person under National Instrument 43-101 guidelines.
- Published in Mining, News Home, Nouveau Monde Mining
Fairmont Encouraged by Chinese Asset Purchase of Former Lithium Producer RB Energy
Fairmont Encouraged by Chinese Asset Purchase of Former Lithium Producer rb Energy Adjacent to Rome Lithium Property
– Momentum Public Relations – June 22nd, 2016
- Jilin Jien already active in Quebec, following the 2010 acquisition of Canadian Royalties
- Rome Lithium Property acquired by Fairmont Resources less than a month ago
- Historical underground and open pit lithium mine on property adjacent to Rome Lithium Property
Fairmont Resources Inc. (FMR: TSX-V) (“Fairmont”) is encouraged by the Court Approval yesterday of the Asset Purchase Agreement of RB Energy Inc. by Jilin Jien Nickel Industry Co. (“Jilin”).
RB Energy, who once claimed its Quebec mine would produce “the highest-quality lithium carbonate in the world”, was forced to halt operations in October 2014 after failing to complete a much needed financing. Subsequent attempts to raise financing proved to be very difficult due to market conditions at the time for Canadian resource companies. Specifically, Investment Quebec and/or KSV Advisory held discussions with 26 parties regarding the potential sale of RB Energy.
Jilin acquired the Quebec Lithium Mine for an undisclosed amount but it is estimated that approximately $150 – $200 Million in additional capital will be required to take the Lithium project to its production stage.
Michael Dehn, President and CEO Of Fairmont Resources, stated the following regarding the significance of this deal for both the Lithium industry and Fairmont’s Rome Lithium Property “Fairmont is very encouraged by the acquisition of the past producing Quebec Lithium Mine and Mill by Jilin Jien Nickel, as it provides third party validation of Fairmont’s decision last month to option of the Rome Lithium Property, which borders the property acquired by Jilin Jien. Rome added shareholder value at the time of its option and we believe this acquisition of the bordering property will add further near and long term value”.
PROXIMITY OF RB ENERGY MINE TO FAIRMONT’S ROME LITHIUM PROPERTY
The Rome Lithium property is located approximately 60 km north of Val d’Or Quebec. The property is contiguous to the north and south of RB Energy’s Quebec Lithium Mine with a published measured and indicated resources (at a 0.60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O cutoff) of 41,556,000 tonnes at 1.09{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O, and an inferred resource of (at a 0.60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li20 cutoff) of 17,766,000 million tonnes at 1.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O (RB Energy Press Release of October 11, 2012).
The property is also contiguous to Jourdan Resources Vallee Lithium property that drilled more than 4000m of core in 2011 and intersected more 100 pegmatite and aplite dikes. Jourdan Resources intersected values of up to 1.187{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O over 5.50m (Jourdan Resources Press Release of October 24, 2012).
For additional information on the Rome Lithium Property, please see the press release dated May 26, 2016 on Fairmont Resources website, or via the link: http://fairmontresources.ca/uploads/270.pdf
A map and photos of the Rome Lithium Property can be found here: http://fairmontresources.ca/pdf/Rome{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}20Lithium{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}20Property.pdf
Detailed documentation on the RB Energy transaction are available at:
http://www.rb-e.com/s/Home.asp
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007891
http://goo.gl/RE8s31 : First Report of the Receiver dated June 13, 2016
http://goo.gl/2ljb7h : Approval Assignment and Vesting Order dated June 21, 2016
About Fairmont
Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.
Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.
Fairmont cheers Chinese firm’s purchase of RB Energy
Fairmont (FMR.V) cheers Chinese firm’s purchase of RB Energy
– Momentum Public Relations – June 22, 2016
Fairmont Resources Inc. (TSX VENTURE:FMR) (“Fairmont”) is encouraged by the court approval yesterday of the asset purchase agreement of RB Energy Inc. by Jilin Jien Nickel Industry Co.
RB Energy, who once claimed its Quebec mine would produce “the highest-quality lithium carbonate in the world,” was forced to halt operations in October, 2014, after failing to complete a much-needed financing. Subsequent attempts to raise financing proved to be very difficult due to market conditions at the time for Canadian resource companies. Specifically, Investment Quebec and/or KSV Advisory held discussions with 26 parties regarding the potential sale of RB Energy.
Jilin acquired the Quebec lithium mine for an undisclosed amount, but it is estimated that approximately $150-million to $200-million in additional capital will be required to take the lithium project to its production stage.
Michael Dehn, president and chief executive officer of Fairmont Resources, stated the following regarding the significance of this deal for both the lithium industry and Fairmont’s Rome lithium property: “Fairmont is very encouraged by the acquisition of the past-producing Quebec lithium mine and mill by Jilin Jien Nickel, as it provides third party validation of Fairmont’s decision last month to option of the Rome lithium property, which borders the property acquired by Jilin Jien. Rome added shareholder value at the time of its option, and we believe this acquisition of the bordering property will add further near- and long-term value.”
Proximity of RB Energy mine to Fairmont’s Rome lithium property
The Rome lithium property is located approximately 60 kilometres north of Val d’Or, Que. The property is contiguous to the north and south of RB Energy’s Quebec lithium mine, with published measured and indicated resources (at a cut-off of 0.6 per cent lithium oxide) of 41,556,000 tonnes at 1.09 per cent lithium oxide, and an inferred resource of (at a cut-off of 0.6 per cent lithium oxide) of 17,766,000 million tonnes at 1.1 per cent lithium oxide (RB Energy press release of Oct. 11, 2012).
The property is also contiguous to Jourdan Resources’ Vallee lithium property that drilled more than 4,000 metres of core in 2011, and intersected more 100 pegmatite and aplite dikes. Jourdan Resources intersected values of up to 1.187 per cent lithium oxide over 5.5 metres (Jourdan Resources press release of Oct. 24, 2012).
For additional information on the Rome lithium property, please see the press release dated May 26, 2016, on the company’s website.
We seek Safe Harbor.
- Published in Fairmont Resources, Mining, News Home
Nouveau Monde (NOU:TSX-V) Updates and Invites Shareholders to Press Conference
Nouveau Monde (NOU:TSX-V) Updates and Invites Shareholders to Press Conference
– Momentum Public Relations – June 20th, 2016
|
|
- Published in Blog, Mining, News Home, Nouveau Monde Mining