Nevada Silver Corporation Provides Update on Emily Manganese Project Financing – Investing News Network

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company"), further to its press release of March 24, 2022, is pleased to provide an update on its plans to complete a sale of securities of its indirectly wholly owned U.S.A. subsidiary, North Star Manganese Inc ("NSM"). As previously disclosed, NSM intends to issue approximately 3,000,000 shares of common stock of NSM at a price of US$0.25 per share for proceeds of approximately US$750,000 (the "NSM Financing"). The NSM Financing follows the split of its outstanding securities on the basis of 2.3483 new shares for each currently outstanding share. As a result, the outstanding shares of NSM has increased from 12,775,000 shares to 30,000,000 shares. It is anticipated that upon completion of the NSM Financing, there will be approximately 33,000,000 shares of NSM common stock outstanding. If completed, the Company's indirect shareholding in NSM will be reduced to approximately 90.9%. The NSM Financing is subject to the receipt of final approval of the TSX Venture Exchange prior to closing. Proceeds from the NSM Financing will be used to advance technical studies at the Emily Manganese project and for general working capital. No commissions or similar fees are expected to be paid in connection with the NSM Financing. Closing of the NSM Financing is expected to occur before the end of August 2022. Further updates will be provided in respect of the NSM Financing as they occur.
NSM holds the Emily Manganese Project in Minnesota, USA (the "Emily Manganese Project"). The Company's focus is on its Corcoran Silver-Gold Project in Nevada, USA, and does not consider the Emily Manganese Project to be material to its operations. As announced on December 21, 2021, the Company is considering its options with respect to the financing, development and commercialization of the Emily Manganese Project and how best to advance it (any such transaction, a "Value Realization Transaction"). Any Value Realization Transaction will be subject to receipt of all necessary corporate, securities, shareholder, and regulatory approvals, including the approval of the TSX Venture Exchange. There can be no assurances that a Value Realization Transaction will be completed, either on the terms outlined, or at all. Further updates will be provided as they occur. Please see the Company's filing statement dated April 20, 2021, for further information about the Emily Manganese Project, available under the Company's profile at www.SEDAR.com.
About Nevada Silver Corporation
Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity resource company with two exploration projects in the USA. NSC's principal asset is the Corcoran Silver-Gold Project in Nevada. In addition, NSC has management and ownership rights over the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, with US$24 million invested to date. Both Corcoran and Emily have been the subject of National Instrument 43-101 compliant mineral resource estimates.
This announcement does not constitute an offer of securities for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933 as amended (the "Securities Act") and the rules and regulations thereunder. The securities referred to herein have not been registered pursuant to the Securities Act and there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States.
For further information please contact:
Nevada Silver Corporation 
Gary Lewis 
Group CEO & Director
T: +1 (657) 846 5299
gl@nevadasilvercorp.com
CHF Capital Markets
Perry Rapagna
Manager, Corporate Development
T: +1 (416) 868 1079 ext. 230
perry@chfir.com
Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, including forward-looking statements in connection with the NSM Financing and the Value Realization Transaction. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Nevada Silver to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors " in the Filing Statement dated as of April 20, 2021 which is available for view under the Company's profile at www.SEDAR.com. Forward-looking statements contained herein are made as of the date of this press release and Nevada Silver disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Nevada Silver's operations could be significantly adversely affected by the effects of the widespread global outbreak of a contagious disease, including the outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133627

News Provided by Newsfile via QuoteMedia

Nevada is home to some of the most robust mining operations in the world, thanks to its established history of gold and silver mining, pro-mining regulations and abundance of mineral-rich deposits. The Fraser Institute’s 2020 Annual Survey listed Nevada as “the top jurisdiction in the world for investment based on the Investment Attractiveness Index.” In fact, Nevada claimed first place from its third place rank in 2019.
What makes Nevada so mining-friendly? According to the United States Bureau of Land Management (BLM), Nevada hosts over 180,000 mining claims and the BLM’s largest mining program. Simply put, Nevada and mining go hand in hand, and the resources produced within the state play a critical role in the development of its infrastructure and overall economy.
Considering Nevada’s established mining history, it comes as no surprise that there is no shortage of mining and exploration activity within the state. Notable prospects and mines in the immediate area include Kinross Gold’s (TSX:K,NYSE:KGC) Round Mountain and Goldhill projects, Viva Gold’s (TSXV: VAU, OTCMKTS:VAUCF) Midway project and Huntsman Exploration’s (OTCMKTS:BBBMF) Baxter Spring project.
One of the other great mining jurisdictions in the US is Minnesota, which has world-recognized iron ore deposits that have been a key part of the state and the national economy for more than a century. Minnesota also has the largest high-grade unmined deposit of manganese in North America at a time when the use and demand for the mineral continue to grow.
Nevada Silver Corporation (TSXV:NSC,OTCQB:NVDSF) is a Canadian mineral exploration company that currently has two active and advanced stage projects, both of which are 100 percent owned by the company:
These projects give Nevada Silver access to both established silver – gold deposits (Corcoran and Belmont Silver) and an underutilized strategic mineral in manganese (Emily Manganese).
“The market's affinity for silver now is where the market's affinity was for uranium two and a half years ago,” said veteran investor and speculator Rick Rule in an interview with INN. Outlining his positive outlook on silver, Rule noted that precious metals bull markets first tend to favor gold as “fear buyers” rush toward it for insurance. Once gold has momentum and the precious metals narrative has gained wider acceptance, investors and speculators (so-called “greed buyers”) enter the market and silver begins to take over.
There are several reasons why Nevada Silver is an attractive option in an investor’s portfolio. The company’s highly experienced management team features decades of combined investing and mining expertise. They also recently announced positive results from drill core assays which hit 3470g/t of silver.
“The exceptional high silver grades in both CC21-02 and CC21-17 indicate widespread high values of silver with appreciable hold, relatively close to the surface,” said Nevada Silver CEO Gary Lewis.

Concoran Silver, located in Nye County, Nevada, USA, is Nevada Silver’s flagship asset. The property takes advantage of excellent positioning in a well-documented mining jurisdiction and a history of successful neighboring silver and gold mines run by successful mining companies Kinross and Viva Gold Corp.
Concoran Silver consists of 328 contiguous mineral claims: 6,460 acres covering resource expansion and exploration targets. The project has near-surface mineralization and is open in all directions.
An October 2020 NI 43-101 reported an estimate of 33.5 million silver-equivalent ounces, using a US $21.09/oz price for silver and US$1,657/oz for gold.
Final assay results from 2021 drilling were released in January 2022 and CEO Gary Lewis shared, "NSC is well advanced in preparations for drill permitting of the north, west and depth extensions of Corcoran in 2022 and are excited by the potential for considerable upside to both size and grade of the deposit."
The Company also recently announced the acquisition of an additional 2,800 acres, 15km southwest of Corcoran, covering the majority of the historic Belmont silver mining camp. Belmont was among the earliest and richest silver mining camps in the Tonapah district with an estimated ore head-grade averaging 25 ounces per ton of silver.
Emily Manganese, located in Crow Wing County, Minnesota, USA, is Nevada Silver’s other project, owned and operated by NSC subsidiary North Star Manganese Inc (NSM). The objective of NSM is to become a “low-cost producer of high-purity, high-value manganese products.” Due to manganese being listed on the United States 2021 List of Critical Minerals, it is expected that a domestic source of manganese is of paramount importance.
Project Highlights:
Senior executive with 30+ years in capital markets, business and strategy development. Founded, invested and operated resource projects or assets values at more than US$400M, including the acquisition and ultimate sell-down or listing of high-value, multi-commodity resource projects in Australia, UK, Asia and the Americas.
John Kutkevicius holds a Bachelor of Commerce from Queen's University, a Bachelor of Laws from the University of Western Ontario and a Master of Laws from York University. John practices law exclusively in the areas of income tax and estate planning and has extensive experience in diverse areas of the income tax practice, including corporate reorganizations, mergers and acquisitions, financings, resource taxation, insurance taxation and dispute resolution. John formerly sat on the board of directors of several junior resource companies including Chariot Resources Ltd., Barkerville Gold Mines Ltd. and Changfeng Energy, Inc. and is a member of the Canadian Tax Foundation.
Henry J. Sandri has a distinguished 30+ year career in the metals and minerals, energy, power and transportation industries. He has managed new ventures, project development and operations on six continents including base, precious and ferrous metals, industrial minerals, energy, utilities and transportation.
Ian Pringle is a senior mining executive with an outstanding track record of successful mineral resource evaluation, discovery, project development and operations. As Managing Director of several Australian listed resource companies, he has considerable experience and high technical capability, particularly in international base and precious metals.
Natasha Tsai is a Chartered Professional Accountant with Malaspina Consultants Inc. Previously, she was a senior accountant with Grant Thornton LLP. She has acted as Chief Financial Officer and/or controller for a number of listed companies and has corporate finance and listed-company experience in an array of sectors. She also serves as Chief Financial Officer of NameSilo Technologies Corp., Getchell Gold Corp., PPX Mining Corp., Sentinel Resources Corp., and Shoal Point Energy Ltd.
Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC) (OTCQB:NVDSF) is pleased to announce the commencement of drill testing six priority targets at the Company's 100% owned Belmont Silver Project in Nevada, USA (Figures 1 and 2
Six diamond drill holes will test specific sulfide zones within a large "elephant' anomaly (Figure 3) which was recently identified by Induced Polarization (IP) and Resistivity geophysical surveys completed in May (Refer NSC news release dated 15th June 2022).
NSC's exploration is the first significant mineral assessment of one of the earliest and richest silver mining camps in the Tonopah district.
Figure 1. Drill rig setting up at Belmont drill site BSD001
Figure 2. Sulfide breccia intersected in the first drill shift at Belmont
The six drill holes will test zones of alteration, quartz veins/silicification and sulfides associated with silver mineralization beneath and along-trend from the historic silver mines at the abandoned Belmont silver mining camp (Figure 4, Table 1), located 15 kilometers south of the Company's Corcoran silver-gold deposit and 72 kilometers northeast of Tonopah in central Nevada.
Falcon Drilling Inc. (Carson City, NV) has commenced drilling at the first drill site (BSD001) and is expected to take 4 to 5 weeks to complete the diamond drilling program.
NSC CEO Gary Lewis commented:
"The drill holes will test specific targets within a massive anomaly located beneath, and along trend from high-grade, shallow silver deposits mined during the late 1800's. Exploration success at Belmont, not far from NSC's Corcoran Silver-Gold Project, will benefit future development opportunities of both projects and we are looking forward to receiving assay results in coming weeks."
About the Belmont Mining District
The Belmont Silver Project covers the majority of old silver workings of the Belmont silver mining camp near the historic Belmont ‘ghost' town. The main mining area is located about 2 kilometers southeast of Belmont (Figures 5 and 6). Belmont is among the earliest and richest silver mining camps in the Tonopah district with an estimated ore head-grade averaging 25 ounces per ton of silver. Historical accounts describe numerous prospect pits and mine openings of shallow underground workings with richest ore above the water table where silver occurred mostly as silver chloride (cerargyrite). Silver-bearing sulfides together with copper, molybdenum, lead, zinc and antimony minerals were reported at depth.
During the camp's silver mining heyday between 1865 and 1889 Belmont's population was about 10,000 and the town was the seat of Nye County Government. Two main vein systems were mined. The eastern veins (Highbridge and Transylvania ledges) were hosted in slate and limestone and dip easterly at 40-50 degrees. High-grade mineralization was reported adjacent to hanging walls of massive quartz veins and generally conformable with strata of Ordovician shale, quartzite and limestone. There has been negligible exploration during recent decades despite high-grade silver samples (up to 5,000g/t silver) collected from remnant dumps during a surface geochemical study by the US Geological Survey in 1985.
Figure 3. Three-dimensional diagram of the Belmont ‘elephant-shaped' resistivity anomaly. Features (arrowed) are interpreted as high sulfide targets and pervasive silicification. Targets with yellow arrows have been selected for priority drill testing in this program.
Figure 4. Planned drill holes plotted on topography and elevation. IP/resistivity lines (IP LINE 1-7) are shown together with the locations of historic pits, old mine openings and access tracks.
*
northing
easting
comment
1
2
3
4
5
6
* All holes (BSD001-6) to be drilled towards grid west to 150 meters planned depth but deepening of holes will be undertaken if encouraging mineralization is intersected.
Table 1. Drill hole descriptions.
About Nevada Silver Corporation
Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.
Qualified Person
The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Figure 5. Location map of Nevada Silver Corporation's Belmont Silver, North Belmont Silver and Corcoran Canyon Silver-Gold Deposit.
Figure 6. View looking east during drill rig access preparation. The majority of historic silver workings of the Belmont silver mining camp are to the left (north) of this photograph.
For further Information please contact:
Nevada Silver Corporation
Gary Lewis
Group CEO & Director
T: +1 (657) 846 5299
gl@nevadasilvercorp.com
CHF Capital Markets
Perry Rapagna
Manager, Corporate Development
T: +1 (416) 868-1079 x 230
perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.
Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
SOURCE:Nevada Silver Corporation
News Provided by ACCESSWIRE via QuoteMedia

Nevada Silver Corporation ("NSC" or the "Company") (TSXV: NSC) (OTCQB: NVDSF) is pleased to announce that it has received results and evaluation of the recently completed Induced Polarization (IP) and Resistivity survey at the Company's 100% owned Belmont Silver Project in Nevada, USA
This survey is the first significant exploration to be undertaken at the Belmont Silver Project in over a century and has identified a large "elephant"-shaped anomalywith multiple untested targets of potential sulphide mineralization that will be drill-tested in the coming weeks (Figure 1).
Figure 1. Three-dimensional diagram of the Belmont ‘elephant-shaped' resistivity anomaly. Targets (white arrows) are interpreted as high sulphide targets within pervasive silicification.
The pole-dipole IP/Resistivity geophysical survey was completed across the abandoned Belmont silver mining camp, located 15 kilometers south of the Company's Corcoran Silver-Gold deposit and 72 kilometers northeast of Tonopah in central Nevada. The survey was undertaken to identify drill targets in zones of alteration, quartz veins/silicification and sulphides associated with silver mineralization beneath and along-trend from the historic silver mines (Figure 2). A number of extremely interesting resistivity and IP responses that indicate sulphide-rich drill targets have been identified for drill testing.
The study defined both IP responses and zones of high resistivity which appear to be due to both stratigraphic and structurally controlled features. The strongest IP responses are associated with carbonaceous sediments and graphite along crosscutting structures, and many are interpreted to be structurally controlled alteration features that have been identified at surface during recent detailed surface mapping. Associated resistivity highs are related to vein-filled structures and pervasive silicified/pyritic zones that include both vertical and flat-lying structures as well as lithology contacts.
Figure 2. IP/resistivity lines plotted on topography and elevation. The lines are labeled IP LINE 1 through IP LINE 7 from north to south respectively. Locations of historic pits and old mine openings are shown as well as access tracks. Yellow stars identify NSC's top priority drill targets.
Twenty-four resistivity targets and related chargeability anomalies all indicate sulphide-rich accumulations in the vicinity of veins and from these six high priority targets have been selected for initial drill testing (Figure 2)
NSC's CEO Gary Lewis commented:
"The geophysical results show a monster untested anomaly located beneath, and along trend from, high-grade, shallow silver deposits mined during the late 1800s. Nevada Silver has identified very exciting drill targets in what appears to be sulphide-rich mineralization with possible high-silver content."
"With little-to-no exploration in more than a century, NSC is looking forward to drill testing these outstanding targets in coming weeks and has secured drill hole permitting and a drill rig for the work."
"Fresh discoveries of silver, favorably located close to NSC's Corcoran Silver-Gold Project will be a huge benefit to future development opportunities of both projects."
Target Selection
Section data was prepared for each line traverse and Figure 3 (chargeability) and Figure 4 (resistivity) illustrate processed data sections for the northern line (IP LINE 1) which trends along 4270500N (Figure 2). Notably, there are similar and important drill targets on all seven of the traverses.
The high chargeability responses in Figure 3 are coincident with high-resistivity features in Figure 4 and indicate the occurrence of significant sulphide at targets T1, T2, T3, and T4. Similar sulphide targets have been located on all of the lines.
Twenty-four (24) targets have been selected as zones of high-resistivity with coincident or adjacent high-chargeability (interpreted to be sulphide-enriched) and five significant IP targets were also identified. NSC has prioritized these targets based on detailed surface mapping and has initially chosen six for drill testing in July (Figure 2).
Figure 3. The 2D inversion tilt filter of chargeability for Line IP-1. The black, dashed curve is the level of oxidation or a lithology boundary associated with the top of large IP responses. Orange-red colours indicate higher IP responses.
Figure 4. The 2D resistivity tilt filter section for Line IP-1. T1 and T2 are vertical-vein/silicified structures spreading into a joined, horizontal silicified layer. T3 is a vertical vein warped by structural movement with interpreted space opening at the bend. T4 is a vertical-vein/silicified zone.
The Belmont Mining District
The Belmont Silver Project covers the majority of old silver workings of the Belmont Silver mining camp near the historic Belmont ‘ghost' town (Figures 5 and 6).
Belmont is among the earliest and richest silver mining camps in the Tonopah district with an estimated ore head-grade averaging 25 ounces per ton of silver. Historical accounts describe numerous prospect pits and mine openings of shallow, underground workings with the richest ore above the water table where silver occurred mostly as silver chloride (cerargyrite). Silver-bearing sulphides together with copper, molybdenum, lead, zinc, and antimony minerals were reported at depth.
During the camp's silver-mining heyday between 1865 and 1889 Belmont's population was about 10,000 and the town was the seat of Nye County government. Two main vein systems were mined. The eastern veins (Highbridge and Transylvania ledges) were hosted in slate and limestone and dip easterly at 40-50 degrees. High-grade mineralization was reported adjacent to hanging walls of massive quartz veins and was generally conformable with strata of Ordovician shale, quartzite, and limestone. There appears to have been negligible exploration during recent decades despite high-grade silver samples (up to 5,000 g/t silver) collected from remnant dumps during a surface geochemical study by the US Geological Survey in 1985.
Figure 5. Location map of Nevada Silver's Belmont Silver, North Belmont Silver and Corcoran Canyon Silver-Gold Deposit.
Figure 6. View to the northeast across the Belmont Silver Project towards Corcoran. The Belmont survey area is in the middle distance to the left.
Survey Specifications
The seven lines of pole-dipole IP/resistivity survey were completed by Rock Bottom Geophysics (RBG) during April and May 2022. A 50-meter a-spacing was used and n-spacing's of one through ten were recorded. The line direction of 90/270 was based on geologic trend and lines are spaced at 200-meter intervals (Figure 2).
RBG provided the data as ascii station location (XYZ), Elrec Pro (bin), Pseudo-sections (N level and Topo base) and as 2D Inversion Models (including XYZ ) files. The data was forwarded to Thomas V Weis and Associates Inc. for reprocessing of inversion sections to enhance subtler IP and resistivity inversion responses. A number of filters were evaluated but the ‘Tilt Angle Filter' was selected as the most useful and geophysical exploration targets were identified from section plots by Tom Weis.
A series of plan map elevation slices were extracted from the inversion model to show IP and resistivity data distribution in a horizontal spatial sense and both 2D IP and resistivity sections of all seven lines were prepared.
Patented Claims at the Belmont Silver Project
Further to the press release of March 24, 2022, the Company wishes to advise that Summa, LLC ("Summa") and the Company have agreed to amend the option and purchase agreement dated February 11, 2022 (the "Agreement") to remove the option of Summa to accept common shares of the Company in lieu of cash payments on the second through fourth anniversary dates of the Agreement. The Company has now issued 118,750 common shares to Summa. As a result, no further common shares are issuable to Summa under the Agreement. All other terms and conditions of the Agreement remain in force and effect, unamended.
Qualified Person
The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Nevada Silver Corporation
Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.
For further information please contact:
Nevada Silver Corporation
Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
gl@nevadasilvercorp.com
CHF Capital Markets
Perry Rapagna
Manager, Corporate Development & Senior Account Manager
T: +1 (416) 868 1079 ext. 230
perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.
Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
SOURCE:Nevada Silver Corporation
News Provided by ACCESSWIRE via QuoteMedia

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) announces that Sheldon Inwentash has resigned as Non-Executive Chairman of NSC, with immediate effect
John Kutkevicius, a Director of the Company, will assume the role of interim Chair until a permanent replacement is announced. He holds a Bachelor of Commerce from Queen's University, a Bachelor of Laws from the University of Western Ontario and a Master of Laws from York University. John practices law exclusively in the areas of income tax and estate planning and has extensive experience in diverse areas of the income tax practice, including corporate reorganizations, mergers and acquisitions, financings, resource taxation, insurance taxation and dispute resolution. John formerly sat on the board of directors of several junior resource companies including Chariot Resources Ltd., Barkerville Gold Mines Ltd. and Changfeng Energy, Inc. and is a member of the Canadian Tax Foundation.
About Nevada Silver Corporation
Nevada Silver Corporation(TSX.V:NSC) (OTCQB:NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.
For further information please contact:
Nevada Silver Corporation
Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
gl@nevadasilvercorp.com
CHF Capital Markets
Perry Rapagna
Manager, Corporate Development & Senior Account Manager
T: +1 (416) 868 1079 ext. 230
perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE:Nevada Silver Corporation
News Provided by ACCESSWIRE via QuoteMedia

Not for distribution to United States newswire services or for dissemination in the United States
Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) is pleased to provide an update on exploration activities at the Company's 100%-owned Belmont Silver project in Nevada, USA
NSC controls patented and unpatented claims covering numerous historic silver mines located near the town of Belmont, 15 kilometers southwest of the Company's Corcoran Silver Project and 80 kilometers northeast of Tonopah in central Nevada (Figure 1). NSC's Belmont Silver Project (BSP) and North Belmont Silver Project (NBSP) include the majority of old silver mine workings of the Belmont Silver Camp (BSC) peripheral to the historic Belmont ‘ghost' town. During peak activity between 1865 and 1889 the BSC dominated Nye County's silver production before declining silver prices and increasing costs of dewatering forced most to close.
Figure 1. Location map of the Belmont Silver, North Belmont Silver and Corcoran Silver Projects.
Belmont is among the earliest and richest silver mining camps in the Tonapah district and had an estimated average silver ore head grade of 25 ounces per ton of silver. Historical accounts describe numerous prospect pits and mine openings of shallow underground workings with the richest ore above the water table where silver occurred mostly as silver chloride (cerargyrite).
Silver-bearing sulphides together with copper, molybdenum, lead, zinc, and antimony minerals are present at depth. High-grade mineralization was reported adjacent to hanging walls of massive quartz veins and was generally conformable with strata of Ordovician shale, quartzite and limestone.
There has been negligible exploration at Belmont in recent decades, despite high-grade silver samples (up to 0.5% silver) collected from remnant mine dumps during a geochemical study of the Belmont silver district by the US Geological Survey in 1985 (Nash et al, 1985).
The Nevada Silver 2022 Program
Geology surface mapping of the BSP has commenced and this study will be the first detailed structural and lithological charting of the Belmont Silver Camp. Gearld (Jerry) Willis, an experienced consulting geologist, widely known for his meticulous mapping and comprehensive appraisals of silver deposit geology, has commenced field work.
An Induced Polarization (IP/Resistivity) geophysical survey has been designed to cover the main area of shallow mine workings and adjacent ground at the BSP. Rock Bottom Geosciences LLC (a subsidiary of Planetary Geophysics Pty Ltd) has commenced the study. The arranged series of pole/dipole traverses will provide important details of sulphide accumulations and the study is expected to delineate prospective targets beneath and peripheral to the old workings.
Figure 3. Mineralized boulders on dumps near old mine workings at the Belmont Silver Project.
Left: weathered limonitic sulphide rock. Right: quartz breccia veining with mineralized host rock fragments.
NSC has secured Falcon Drilling Inc. to undertake drill testing of prioritized silver-sulphide targets defined by the mapping and geophysical surveys as well as detailed in the accounts of past mining activities. Targets will include near-surface, silver-quartz veins and shallow sulphide anomalies which were not identified by early miners because of poor outcrop and widespread overburden. Drilling is expected to commence in May.
Qualified Person
The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Nevada Silver Corporation
Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces1. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.
For further information please contact:
Nevada Silver Corporation
Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
gl@nevadasilvercorp.com
CHF Capital Markets
Perry Rapagna
Manager, Corporate Development
T: +1 (416) 868 1079 ext. 230
perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.
Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
1 NI 43-101 Resource report on the Corcoran Canyon Project by Mosher and Smith (October, 2020).
SOURCE:Nevada Silver Corporation
News Provided by ACCESSWIRE via QuoteMedia

Not for distribution to United States newswire services or for dissemination in the United States
Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) further to its press release of March 3, 2022, today announces that the brokered private placement financing announced on that date has been terminated. The Company further announces that it is in advanced discussions with a number of interested parties on a non-brokered private placement financing with further details to be announced in due course
The Company also announces that the Depository Trust Company ("DTC") has made NSC common shares eligible for electronic deposit at the DTC. The Company believes being DTC eligible will make trading in its common shares on the OTCQB Venture Market more accessible to the US investment community.
DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly-traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible". Having DTC eligibility enables the NSC common shares to be distributed, settled, and serviced through DTC's automated processes. This allows for a more streamlined process of trading the NSC common shares in the United States while enhancing the liquidity of the common shares in the OTC capital markets.
About Nevada Silver Corporation
Nevada Silver Corporation (TSXV: NSC)(OTCQB: NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.
For further information please contact:
Nevada Silver Corporation
Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
gl@nevadasilvercorp.com
CHF Capital Markets
Perry Rapagna
Manager, Corporate Development
T: +1 (416) 868 1079 ext. 230
perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.
Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
SOURCE:Nevada Silver Corporation
News Provided by ACCESSWIRE via QuoteMedia

MONTRÉAL, QC / ACCESSWIRE / 11 août 2022 / Corporation Lithium Éléments Critiques (TSX-V:CRE) (OTCQX:CRECF) (FSE:F12) (« Critical Elements» ou la « Société ») a le plaisir d'annoncer qu'elle a complété une étude d'ingénierie pour une usine d'hydroxyde de lithium monohydraté. Conformément à l'approche prudente et progressive de la Société, l'étude est basée sur une usine de conversion autonome et ne constitue pas un « projet minier » aux fins du Règlement 43-101 sur l'informationconcernant les projets miniers. De plus, l'usine ne fait pas partie du projet Rose lithium-tantale de la Société qui consiste uniquement en une mine pour produire du concentré de spodumène et de tantale (pour plus de détails, voir le communiqué de presse du 13 juin 2022 annonçant les résultats d'une nouvelle étude de faisabilité positive sur le projet Rose lithium-tantale). En date des présentes, nonobstant les résultats annoncés aujourd'hui, la Société n'est pas en mesure de confirmer qu'une usine d'hydroxyde de lithium monohydraté de haute qualité sera un jour implantée.
Cette étape stratégique pourrait permettre à Critical Elements de devenir un acteur important sur le marché nord-américain du lithium. La réalisation d'études d'ingénierie distinctes et autonomes pour (i) le projet Rose lithium-tantale et (ii) l'usine d'hydroxyde de lithium monohydraté pourrait optimiser les résultats des discussions avec les investisseurs stratégiques potentiels et les utilisateurs finaux.
L'étude est basée sur une production annuelle de 30 670 tonnes d'hydroxyde de lithium monohydraté de haute qualité à partir de 220 587 tonnes de concentré de spodumène acquis seulement sur le marché mondial en vertu de contrats à long terme. L'étude ne s'appuie pas ou n'est basée sur aucun achat de concentré de spodumène du projet Rose lithium-tantale de la Société. Les paramètres d'opération de l'étude d'ingénierie ont été tirés des programmes pilotes conjoints de Metso Outotec et de Critical Elements.
Usine d'hydroxyde de lithium
La conception et la technologie de l'usine de traitement de l'hydroxyde de lithium ont été développées par Metso Outotec et se composent de quatre domaines principaux : la calcination, l'hydrométallurgie, préparation des réactifs et les services, et l'emballage du produit final. Les infrastructures du site ont été conçues pour permettre l'exploitation de l'usine de traitement.
La zone de calcination consiste en la conversion du spodumène en un concentré lixiviable. Cette étape est nécessaire avant le procédé hydrométallurgique.
Le système de calcination comprend le séchage et le préchauffage de la matière première dans une étape de préchauffage, la calcination dans un calcinateur à lit fluidisé, le refroidissement du produit dans un refroidisseur à lit fluidisé. Le calcinateur sera alimenté au gaz naturel.
La zone hydrométallurgique inclut les étapes de lixiviation sous pression, de conversion, d'échange d'ions, ainsi qu'un stage de cristallisation pour produire de l'hydroxyde de lithium monohydraté de qualité batterie.
Les technologies de Metso Outotec se traduiront par une usine de production d'hydroxyde de lithium compacte avec une efficacité énergétique optimisée et une faible consommation de produits chimiques pour produire 27 000 tonnes métriques par an de carbonate de lithium équivalent (LCE), ce qui correspond à 30 670 tonnes métriques par an d'hydroxyde de lithium monohydraté (LMH) de qualité batterie.
Figure 1 : Organigramme du processus
Figure 2 : Vue de l'usine de conversion d'hydroxyde de lithium
Infrastructure
WSP a conçu l'infrastructure supportant le procédé de Metso Outotec conformément aux exigences opérationnelles et aux services de l'usine de traitement pour l'hydroxyde de lithium. Les infrastructures incluent les items suivants :
• Terrassement du site (route, plate-forme industrielle, services enterrés, stationnement, etc.);
• Bâtiment administratif et entrepôt;
• Bâtiment de la chaudière, des compresseurs et de la tour de refroidissement;
• Manipulation et stockage du spodumène;
• Manutention et stockage du sable Analcime;
L'emplacement de l'usine n'a pas encore été identifié. Il y a plusieurs propriétés potentielles disponibles dans la province de Québec, Canada, avec les commodités nécessaires à proximité de l'endroit où l'usine pourrait être construite. L'emplacement de l'usine sur l'une ou l'autre de ces propriétés ne devrait pas avoir d'incidence importante sur les coûts d'investissement et d'exploitation de ce projet. Aux fins de l'étude, l'usine est censée être construite dans le parc industriel de Bécancour sur la rive sud du fleuve Saint-Laurent, à peu près à mi-chemin entre Montréal et Québec. Le parc est situé de l'autre côté du fleuve à partir de Trois-Rivières, une plaque tournante régionale importante sur le fleuve Saint-Laurent offrant un accès central aux autoroutes québécoises et au Corridor maritime du Saint-Laurent.
Figure 3 : Disposition générale de la propriété
En date des présentes, la Société n'est pas en mesure de confirmer qu'une usine d'hydroxyde de lithium monohydraté de haute qualité sera un jour implantée ou qu'elle sera située dans la région de Bécancour.
Coûts
Les coûts préparés pour cette étude sont basés sur une estimation de type Classe 3 telle que définie par la pratique internationale 18R-97 de l'American Association of Cost Engineers (AACE) (Système de classification des estimations de coûts – tel qu'appliqué dans l'ingénierie, l'approvisionnement et la construction dans les industries de transformation). L'estimation du coût en capital présente une précision de +/- 15 % et est basée des coûts du T2 2022.
Metso Outotec a fourni des estimations des coûts pour l'équipement de traitement, l'électrification, l'instrumentation, l'automatisation, la tuyauterie, l'ingénierie et l'assistance technique lors de la mise en service. WSP Canada a estimé le coût en capital de la construction du bâtiment de l'usine en fonction des quantités fournies par Metso Outotec. WSP Canada a estimé le coût en capital de toutes les infrastructures et de tous les équipements du site en dehors des limites de la batterie de l'usine.
Les coûts d'exploitation annuels et unitaires de l'usine de traitement ont été déterminés pour une production annuelle de 30 670 tonnes métriques par an d'hydroxyde de lithium monohydraté (LMH) de qualité batterie. Les coûts d'exploitation estimatifs de l'usine d'hydroxyde de lithium comprennent la main-d'œuvre, les coûts d'électricité, la consommation de gaz naturel, les coûts de l'eau potable et industrielle, les matériaux d'entretien, les coûts de l'équipement mobile et les réactifs. Metso Outotec a fourni la consommation de réactifs et de services sur lesquels WSP Canada a fondé ses coûts respectifs.
Prochaines étapes
Compte tenu des résultats positifs de l'étude, Critical Elements continuera d'évaluer les emplacements possibles d'une future usine potentielle. La Société est engagée dans un processus avec son conseiller financier, Cantor Fitzgerald, afin de trouver un partenaire stratégique pour le projet Rose lithium-tantale et s'efforce de maintenir une flexibilité stratégique qui explique la nature autonome de l'usine d'hydroxyde de lithium monohydraté. En date des présentes, la Société n'est pas en mesure de confirmer qu'une telle usine sera un jour implantée. Jusqu'à ce qu'une entente définitive soit en place avec un groupe stratégique, la stratégie de la Société est de maintenir cette flexibilité.
La Société continue de se concentrer principalement sur le développement du projet Rose lithium-tantale, qui a reçu l'approbation du ministre fédéral de l'Environnement et du Changement climatique sur recommandation du Comité d'évaluation conjointe, composé de représentants de l'Agence d'évaluation d'impact du Canada et du gouvernement de la Nation crie. La Société demeure confiante dans l'obtention d'une approbation similaire dans le cadre du processus d'évaluation environnementale du Québec et croit que l'obtention de l'approbation du Québec pourrait être un catalyseur pour conclure les discussions susmentionnées.
Discussion sur le partenariat stratégique et le financement de projets
Critical Elements continue de travailler en étroite collaboration avec son conseiller financier, Cantor Fitzgerald, pour évaluer l'intérêt continu des partenaires stratégiques mondiaux qui cherchent à accélérer la mise en production du projet Rose lithium-tantale.
Le processus est organisé et compétitif et l'intérêt pour le projet est fort. En parallèle, nous travaillons avec des banques et des institutions financières pour accélérer la partie financement par emprunt du projet.
La Société a eu des discussions avec plusieurs constructeurs automobiles, fabricants de cathodes, maisons de commerce et fabricants de cellules. Un nombre important d'accords de non-divulgation avec des partenaires stratégiques potentiels sont maintenant en place, illustrant la tension concurrentielle sur le marché du lithium. Ces parties sont actuellement en train d'examiner nos nombreuses données dans la salle de données.
Compte tenu de leurs antécédents, les utilisateurs finaux reconnaissent la capacité de la direction de Critical Elements à livrer avec succès des produits au lithium et notre stratégie de développement offre la flexibilité nécessaire pour répondre aux besoins actuels et futurs de tous les principaux utilisateurs finaux.
Consultants
L'étude est l'oeuvre de plusieurs consultants, dont WSP Canada, Metso Outotec et Gerrit Fuelling. Metso Outotec était responsable de la conception et de l'équipement du procédé de calcination du spodumène et de sa conversion au LiOH. La calcination des concentrés a été conçue par Outotec GmbH & Co. d'Allemagne et la conversion hydrométallurgique en LiOH a été conçue par Metso Outotec (Finland) Oy de Finlande.
WSP Canada était responsable de l'infrastructure nécessaire à l'exploitation de l'usine d'hydroxyde de lithium et à l'intégration de l'étude. Gerrit Fuelling a fourni l'étude de marché donnant des indications pour les prévisions de prix pour les concentrés d'hydrate de lithium monohydraté et de spodumène.
L'étude est basée sur une usine de conversion autonome et ne constitue pas un « projet minier » aux fins du Règlement 43-101 sur l'information concernant les projets miniers. De plus, l'usine ne fait pas partie du projet Rose lithium-tantale de la Société qui consiste uniquement en une mine de production de concentré de spodumène et de tantale. En date des présentes, nonobstant les résultats annoncés aujourd'hui, la Société n'est pas en mesure de confirmer qu'une usine d'hydroxyde de lithium monohydraté de haute qualité sera un jour implantée.
À propos de Critical Elements Lithium Corporation
Critical Elements aspire à devenir un fournisseur responsable de lithium aux industries florissantes des véhicules électriques et des systèmes de stockage d'énergie. À cette fin, Critical Elements fait progresser le projet de lithium de haute pureté Rose situé au Québec et détenu en propriété exclusive par la Société. Rose est le premier projet de lithium de la Société à être avancé dans un portefeuille de terrains de plus de 700 kilomètres carrés. Le 13 juin 2022, la Société a annoncé les résultats d'une étude de faisabilité sur Rose pour la production de concentré de spodumène. Le taux de rendement interne après impôts du Projet est estimé à 82,4 %, avec une valeur actualisée nette après impôts estimée 1,915 milliards US$ à un taux d'actualisation de 8 %. Du point de vue de la Société, le Québec est stratégiquement bien positionné pour les marchés des États-Unis et de l'UE et dispose d'excellentes infrastructures, notamment un réseau électrique à faible coût et à faible émission de carbone contenant 93 % d'hydroélectricité. Le Projet a reçu l'approbation du ministre fédéral de l'Environnement et du Changement climatique sur la recommandation du Comité d'évaluation conjoint, composé de représentants de l'Agence d'évaluation d'impact du Canada et du gouvernement de la Nation Crie; la Société travaille à obtenir une approbation similaire dans le cadre du processus d'évaluation environnementale du Québec. La Société a aussi une bonne relation avec la Nation Crie.
Pour plus d'informations, veuillez contacter :
Patrick Laperrière
Directeur des relations aux investisseurs
et développement corporatif
514-817-1119
plaperriere@cecorp.ca
www.cecorp.ca
Jean-Sébastien Lavallée, P. Géo.
Chef de la direction
819-354-5146
jslavallee@cecorp.ca
www.cecorp.ca
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est
décrit dans les politiques de la Bourse de croissance TSX) n'acceptent la responsabilité de la
pertinence ou de l'exactitude de ce communiqué.
Mise en garde concernant les déclarations prospectives
Ce communiqué de presse contient des « informations prospectives » au sens de la législation canadienne sur les valeurs mobilières. En règle générale, les informations prospectives peuvent être identifiées par l'utilisation de termes prospectifs tels que « prévu », « anticipe », « s'attend à » ou « ne s'attend pas à », « est prévu », « prévu », « ciblé », ou « croit », ou des variantes de ces mots et phrases ou déclarations que certaines actions, événements ou résultats « pourraient », ou « seraient », « se produisent » ou « seront atteints ». Les informations prospectives contenues dans les présentes comprennent, sans s'y limiter, des déclarations concernant les futurs plans de la Société concernant le projet d'usine d'hydroxyde de lithium monohydraté (l'« usine ») ; modalités de financement potentielles; la production prévue d'hydroxyde de lithium monohydraté et les méthodes de traitement connexes ; le moment prévu d'une décision finale d'investissement, les activités de construction et la date potentielle de mise en service de la centrale ; les caractéristiques prévues du futur site de l'Usine et les avantages attendus de celui-ci ; les opinions, les croyances et les attentes de Critical Elements concernant la stratégie commerciale de la Société, les opportunités et les projets de développement et d'exploration, ainsi que les plans et les objectifs de gestion des opérations et des propriétés de la Société.
Les informations prospectives sont basées sur certaines estimations, attentes, analyses et opinions de la Société et, dans certains cas, d'experts tiers, que la direction de Critical juge raisonnables au moment où elles ont été faites. Ces informations prospectives ont été dérivées en utilisant de nombreuses hypothèses concernant, entre autres, l'offre et la demande, les livraisons et le niveau et la volatilité des prix des produits au lithium intermédiaires et finaux, la croissance, la performance et les opérations commerciales prévues, les futures prix des matières premières et les taux de change, les perspectives et les opportunités, les conditions commerciales et économiques générales, les résultats du développement et de l'exploration, la capacité de Critical Elements à se procurer les fournitures et autres équipements nécessaires à son activité. La liste qui précède n'est pas exhaustive de toutes les hypothèses qui peuvent avoir été utilisées dans l'élaboration des informations prospectives. Bien que Critical considère ces hypothèses comme raisonnables sur la base des informations actuellement disponibles, elles peuvent s'avérer incorrectes. Les informations prospectives ne doivent pas être interprétées comme une garantie de performances ou de résultats futurs.
Bien que Critical Elements ait tenté d'identifier des facteurs importants qui pourraient faire en sorte que les résultats réels diffèrent sensiblement de ceux contenus dans les informations prospectives, d'autres facteurs peuvent faire en sorte que les résultats ne soient pas ceux anticipés, estimés ou prévus. Les facteurs qui peuvent faire en sorte que les résultats réels diffèrent sensiblement des résultats attendus décrits dans les informations prospectives comprennent, sans s'y limiter : la capacité de la Société à accéder au financement nécessaire pour investir dans les opportunités et les projets disponibles (y compris l'usine proposée) et à des conditions satisfaisantes, les impacts négatifs actuels et potentiels de la pandémie de COVID-19, y compris les futures épidémies et toutes les politiques ou restrictions associées sur les activités, le risque que Critical ne soit pas en mesure de respecter ses obligations financières à leur échéance, les variations des prix des produits de base et autres, la capacité de Critical Elements à retenir et à attirer du personnel qualifié et à obtenir des matières premières auprès de fournisseurs tiers, des événements imprévus et d'autres difficultés liées à la construction, au développement et à l'exploitation de l'usine, le coût de la conformité aux lois et réglementations environnementales et autres, actuelles et futures, les vices de titre, la concurrence des concurrents existants et nouveaux, les variations des taux de change, les prix du marché des titres de Critical Elements, ainsi que les facteurs de risque énoncés dans le rapport de gestion de la Société pour son plus récent trimestre terminé le 31 mai 2022 et d'autres documents d'information disponibles sous le profil SEDAR de la Société à www.sedar.com. Les informations prospectives contenues dans les présentes sont faites à la date de ce communiqué de presse et Critical Elements décline toute obligation de mettre à jour toute information prospective, que ce soit à la suite de nouvelles informations, d'événements ou de résultats futurs ou autrement, sauf si requis par lois sur les valeurs mobilières.
SOURCE :Corporation Lithium Éléments Critiques
News Provided by ACCESSWIRE via QuoteMedia

Critical Elements Lithium Corporation (TSX-V:CRE) (OTCQX:CRECF) (FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce completion of an Engineering Study for a Lithium Hydroxide Monohydrate plant. Consistent with the Corporation's conservative, phased approach, the study is based on a standalone conversion plant and does not constitute a "mineral project" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Furthermore, the plant does not form part of the Corporation's Rose Lithium-Tantalum project which consists solely of a mine to produce spodumene and tantalum concentrates (for more details, see press release dated June 13, 2022, announcing the results of a new positive feasibility study on the Rose Lithium project). As at the date hereof, notwithstanding today's announcement, the Corporation is not in a position to confirm that a Lithium Hydroxide Monohydrate plant will ever be implemented
This strategic milestone could enable Critical Elements to become an important player in the North American Lithium market. Generating separate, standalone engineering studies for (i) the Rose Lithium-Tantalum project and (ii) the Lithium Hydroxide Monohydrate plant may optimize the outcome of discussions with potential strategic investors and end-users.
The Engineering Study for a Lithium Hydroxide Monohydrate plant is based on a yearly production of 30,670 tonnes of high-quality battery grade lithium hydroxide monohydrate from 220,587 tonnes of spodumene concentrate purchased solely on the world market on long term contract basis. The study does not rely on or is not based on any purchases of spodumene concentrate from the Corporation's Rose Lithium-Tantalum project. The operating parameters for the Engineering Study were taken from the joint Metso Outotec and Critical Elements Lithium Corporation piloting programs.
Lithium Hydroxide Plant
The lithium hydroxide plant design and technology was developed by Metso Outotec. It consists of four main areas; calcination, hydrometallurgy, reagent preparation, and final product packaging. The site infrastructure was designed to enable operation of the Process plant.
The Calcination Area consists of the conversion of the spodumene into a leachable concentrate. This step is required prior to the hydrometallurgical process.
The calcination area includes drying and pre-heating the feed material in a preheating stage, calcination in a fluidized-bed calciner and product cooling in a cooling step and fluidized-bed cooler, respectively. The calciner would be fired with natural gas.
The Hydrometallurgical area includes the pressure leaching, conversion, ion exchange and crystallization stages to produce battery grade lithium hydroxide monohydrate.
Metso Outotec technologies result in a compact footprint lithium hydroxide production plant with optimized energy-efficiency and low chemical consumption to produce 27,000 metric tons per annum of Lithium Carbonate Equivalent (LCE), which corresponds to 30,670 metric tons per annum of battery grade lithium hydroxide monohydrate (LMH).
Figure 1: Process flowsheet
Figure 2: View of the Lithium Hydroxide Conversion Plant
Infrastructure
The infrastructure supporting Metso Outotec's lithium hydroxide process plant was designed by WSP and includes the following areas:
The location of the plant has not yet been identified. There are several potential properties available in the province of Québec, Canada, with the necessary amenities proximal to where the plant could be constructed. Locating the plant on any of these properties is not expected to significantly impact the capital and operating costs of this project. For the purpose of the study, the plant was assumed to be constructed in the Bécancour Industrial Park across the river from Trois-Rivières, an important regional hub on the Saint-Lawrence River offering a central access to Québec highways, railways and the Saint-Lawrence Marine Corridor.
Figure 3: Property General Arrangement
As at the date hereof, the Corporation is not in a position to confirm that a Lithium Hydroxide Monohydrate plant will ever be implemented or that it will be located in the Bécancour area.
Costs
The costs prepared for the study are based on a Class 3 type estimate as defined per the American Association of Cost Engineers (AACE) International Practice 18R-97 (Cost estimate classification system – As applied in Engineering, Procurement, and Construction in the Process industries). The capital cost estimate has an accuracy of +/-15% based on costs of Q2 2022.
Metso Outotec provided capital cost estimates for the process equipment, electrification, instrumentation, automation, piping, engineering, and technical assistance during commissioning. WSP Canada estimated the capital cost construction of the plant building based on quantities provided by Metso Outotec. WSP Canada estimated the capital cost for all site infrastructure and equipment outside the plant's battery limits.
The annual and unit process operating costs for the processing plant were determined for an annual production of 30,670 metric tons per year of battery grade lithium hydroxide monohydrate (LMH). The estimated operating costs for the Lithium Hydroxide Plant include labour, electricity costs, natural gas consumption, potable and industrial water costs, maintenance materials, mobile equipment costs, and reagents. Metso Outotec provided the consumption of reagents and services on which WSP Canada based their respective costs.
Next Steps
Given the positive results of the study, Critical Elements will continue to evaluate possible site locations for a potential future plant. The Corporation is engaged in a process with its financial advisor, Cantor Fitzgerald, to identify a strategic partner for the Rose Lithium-Tantalum project and has been working to maintain strategic flexibility which explains the standalone nature of the Lithium Hydroxide Monohydrate plant. At this time, the Corporation is not in a position to take a decision on implementation of the Lithium Hydroxide Monohydrate plant. Until a definitive agreement is in place with a strategic group, the Corporation's strategy is to maintain that flexibility.
The primary focus of the Corporation continues to be the development of the Rose Lithium-Tantalum project, which has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government. The Corporation remains confident in receiving similar approval under the Québec environmental assessment process and believes that receipt of Québec approval may be catalytic in concluding the aforementioned discussions.
Strategic Partner and Project Financing Discussion
Critical Elements continues to work closely with its financial advisor, Cantor Fitzgerald, to evaluate ongoing interest from global strategic partners that seek to accelerate the Rose Lithium-Tantalum project to production.
The process is organized and competitive and interest in the project is strong. In parallel, the Corporation is working with banks and financial institutions to accelerate the debt financing portion of the project.
The Corporation has held discussions with several automobile manufacturers, cathode manufacturers, trading houses and cell manufacturers. A substantial number of non-disclosure agreements with potential strategic partners are now in place, illustrative of the competitive tension in the lithium market. These parties are currently in the process of reviewing the Corporation's extensive data set in the data room.
Given their track-record, end-users recognize the ability of Critical Elements' management to successfully deliver lithium products and our development strategy provides the flexibility to meet all major end-users' current and future needs.
Consultants
The study is the work of several consultants including WSP Canada, Metso Outotec, and Gerrit Fuelling. Metso Outotec was responsible for the spodumene calcination and conversion to LiOH process design and equipment. The calcination of the concentrates was designed by Outotec GmbH & Co. of Germany and the hydrometallurgical conversion to LiOH was designed by Metso Outotec (Finland) Oy of Finland.
WSP Canada was responsible for the infrastructure necessary for the operation of the lithium hydroxide plant and study integration. Gerrit Fuelling provided the market study giving guidance for the price forecast for lithium hydrate monohydrate and spodumene concentrates.
The study is based on a standalone conversion plant and does not constitute a "mineral project" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Furthermore, the plant does not form part of the Corporation's Rose Lithium project which consists solely of a mine to produce spodumene and tantalum concentrates. As at the date hereof, notwithstanding the results announced today, the Corporation is not in a position to confirm that a chemical plant to produce high quality lithium hydroxide monohydrate will ever be implemented.
About Critical Elements Lithium Corporation
Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly owned, high purity Rose lithium project in Québec. Rose is the Corporation's first lithium project to be advanced within a land portfolio of over 700 square kilometers. On June 13th, 2022, the Corporation announced results of a feasibility study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 82.4%, with an estimated after-tax net present value of US$1.9 B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 93% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government; The Corporation is working to obtain similar approval under the Québec environmental assessment process. The Corporation also has a good, formalized relationship with the Cree Nation.
Patrick Laperrière
Director of Investor Relations and Corporate Development
514-817-1119
plaperriere@cecorp.ca
www.cecorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement concerning forward-looking statements
This news release contains "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information contained herein include, without limitation, statements regarding the Corporation's future plans relating to projected a Lithium Hydroxide Monohydrate plant (the "Plant"); potential financing arrangements; the anticipated production of lithium hydroxide monohydrate and related processing methods; the anticipated timing of a final investment decision, construction activities and potential in-service date of the Plant; the anticipated features of the future site of the Plant and expected benefits thereof; Critical Elements' opinions, beliefs and expectations regarding the Corporation's business strategy, development and exploration opportunities and projects, and plans and objectives of management for the Corporation's operations and properties.
Forward-looking information is based on certain estimates, expectations, analysis and opinions of the Corporation and in certain cases, third party experts, that are believed by management of Critical to be reasonable at the time they were made. This forward-looking information was derived utilizing numerous assumptions regarding, among other things, the supply and demand for, deliveries of, and the level and volatility of prices of, intermediate and final lithium products, expected growth, performance and business operation, future commodity prices and exchange rates, prospects and opportunities, general business and economic conditions, results of development and exploration, Critical Elements' ability to procure supplies and other equipment necessary for its business. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Critical considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information should not be read as a guarantee of future performance or results.
Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: the Corporation's ability to access funding required to invest in available opportunities and projects (including the proposed Plant) and on satisfactory terms, the current and potential adverse impacts of the COVID-19 pandemic, including future outbreaks and any associated policies or restrictions on business, the risk that Critical will not be able to meet its financial obligations as they fall due, changes in commodity and other prices, Critical Elements' ability to retain and attract skilled staff and to secure feedstock from third party suppliers, unanticipated events and other difficulties related to construction, development and operation of the Plant, the cost of compliance with current and future environmental and other laws and regulations, title defects, competition from existing and new competitors, changes in currency exchange rates, market prices of Critical Elements' securities, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its most recent quarter ended May 31, 2022 and other disclosure documents available under the Corporation's SEDAR profile at www.sedar.com. Forward-looking information contained herein is made as of the date of this news release and Critical Elements disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE:Critical Elements Lithium Corporation
News Provided by ACCESSWIRE via QuoteMedia

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQB Venture Market (OTC): PNXLF
/NOT FOR DISTRIBUTION TO THE UNITED STATES /
Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") announces that due to high investor demand, the Company has increased the private placement amount announced on July 21, 2022 from $2,500,000 to $3,051,000 consisting of 15,255,000 units (the "Units") at $0.20 per Unit.
Argentina Lithium & Energy Corp. Logo (CNW Group/Argentina Lithium & Energy Corp.)
Each Unit will consist of one common share and one transferrable common share purchase warrant (a " Warrant "). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.38 per share for two (2) years from the date of issue.
This financing is subject to TSX Venture Exchange acceptance and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the Company may participate in a portion of the financing. A commission may be paid on a portion of the financing. The proceeds of the financing will be used in part to complete the acquisition. The balance will be used for general working capital and exploration on its properties in Argentina .
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina , and advancing them towards production in order to meet the growing global demand from the battery sector. The management group has a long history of success in the resource sector of Argentina , and has assembled a first rate team of experts to acquire and advance the best lithium properties in the world renowned "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
_______________________________
Nikolaos Cacos , President, CEO and Director
Email: info@argentinalithium.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States .
SOURCE Argentina Lithium & Energy Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/09/c6498.html
News Provided by Canada Newswire via QuoteMedia

Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF); ("Marvel" or the "Company") is pleased to update shareholders on Marvel's equity holding Power One Resources Corp., on its listing application. Power One was wholly owned subsidiary of Marvel Discovery and received its final approvals on the plan of arrangement (Spin-Out) dated April 23, 2021
As part of the transaction, Marvel Shareholders received 16 million common shares, with Marvel receiving 5 million common shares for transferring ownership of the Serpent River Pecors project (Elliot Lake Ont.), and the Wicheeda project (Prince George, B.C.), to Power One.
Chief Executive Officer Karim Rayani Comments; "We are thrilled to finally move forward on Power One, we believe these projects have tremendous potential. We are in the right place at the right time – the resurgence of Uranium as a clean energy and the growing demand and interest in green and critical elements for a cleaner future is not going away. We have oversubscribed our offering and look forward to reporting back on a final approval date".
Marvel has made great progress to date, and we are now finalizing the response back to TSX.V for listing of Power One's shares. We believe this to be highly advantageous situation for Marvel and its shareholder as this further protects our share capitalization without the expenditures needed to advance these projects. We still hold a sizeable equity stake in Power One and will remain as operator.
On January 1st, 2022, Power One arranged a non-brokered private placement to raise gross proceeds of up to $800,000. Power One closed that offering February 1st, 2022 and has since increased it taking in $ 1.1 million in subscriptions. Please see www.sedar.com for more information.
The Serpent River Pecors project (the "Project") is located 15 kilometres east of Elliot Lake, Ontario. Limited drilling by Rio Algom in 1974 at the Pecors East showing (MDI41J08NW00060) on the Project has reported a non-National Instrument 43-101 compliant historic resource of 20 million tonnes (Mt) averaging 0.037% uranium. Immediately west of the Serpent River Pecors Project is Pele Mountain's Eco Ridge uranium/rare earth element project. In July 2011, Pele Mountain announced the positive results of a preliminary economic assessment study outlining 34.6 Mt at grades of 0.040% U3O8 and 1,455 parts per million TREO (total rare earth oxides)1.
Contact-style nickel-copper-plus-or-minus-platinum-group-element mineralization on the Project is supported by drilling in 2015 by Marvel Discovery. Hole P15-23 intersected 0.33 gram per tonne palladium plus platinum plus gold (g/t Pt-Pd-Au), 0.11% Cu and 0.04% Ni over 12 metres (m). This style of mineralization was intersected in gabbroic rocks within the Pecors anomaly. The Pecors anomaly is a strong regional magnetic high that extends for 18 kilometres (km) southeast-northwest and up to 4 km wide. The anomaly is located 15 km west of the East Bull intrusive suite, where recent drilling by Grid Metals Corp. (CNX:GRDM) intersected 14.0 m of 1.2 g/t palladium equivalent (Pd_Eq) in hole EBL21-10 including a 1.0 m interval of 7.0 g/t Pd_Eq (see press release dated June 17, 2021). Canadian Palladium (CNX:BULL) Canadian Palladium's recent drilling results (see press release dated Sept. 22, 2021) reported a 19 m intersection grading 1.77 g/t Pd_Eq from its East Bull property. This result appears to be an extension to its NI 43-101 compliant inferred resource estimate of 11.1 million tonnes grading 1.46 g/t Pd_Eq2.
The Wicheeda property is located approximately 80 km northeast of the city of Prince George and approximately 50 km east of the community of Bear Lake, B.C. The property is readily accessible by all-weather gravel roads and is close to major infrastructure, including power transmission lines, railway, and major highways. Geologically, the project is situated in the Foreland belt and within the Rocky Mountain trench, a major continental geologic feature. The Foreland belt contains part of a large alkaline igneous province stretching from the Canadian Cordillera to the southwestern United States and hosts several carbonatite and alkaline complexes. These include the Aley (niobium), Rock Canyon rare earth element minerals (REE), and Wicheeda (REE) alkaline complexes which contain the high concentrations of REE's.
In 2010, an airborne geophysical survey was conducted by Aeroquest and soil geochemical sampling by Electric Metals on behalf of Montoro was completed over a portion of the Wicheeda claims. The airborne geophysical program consisted of 654-line km of AeroTEM helicopter-borne, time-domain electromagnetic, plus radiometric surveying flown at high-resolution 50-metre line spacing. The survey covered a 29.4-square-kilometre area and was successful in mapping the magnetic and conductive properties of the geology. Within the assessment report from 2010 (No. 32361), comments from key observations and notes from Intrepid Geophysics include: "The electromagnetic data suggests that there may be an unmapped fault in the centre of the block. The magnetic data shows a subtle feature in the centre of the block, slightly offset from the interpreted fault. It is recommended that the airborne survey be followed up by a geochemical survey and property-scale mapping."
Qualified Person
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
References
About Marvel Discovery Corp.
Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:
The Company's website is: https://marveldiscovery.ca/
ON BEHALF OF THE BOARD
Marvel Discovery Corp.
"Karim Rayani"
Karim Rayani
President/Chief Executive Officer, Director
Tel: 604 716 0551 email: k@r7.capital
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law
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.
SOURCE: Marvel Discovery Corp.
News Provided by ACCESSWIRE via QuoteMedia

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") announces that as a result of a review by the British Columbia Securities Commission (" BCSC "), we are issuing the following press release to clarify our disclosure.
The Company has been subject to a continuous disclosure review with the BCSC as a result of a cease trade order imposed on August 27, 2021 for failure of the Company to file certain disclosure documents regarding its acquisition of Tech One Lithium Resources Corp. (" Tech One ") (please see the Company's news release dated April 26, 2021).
Amended and Restated Interim Financial Statements
The Company has amended and restated its (1) interim financial statements for the period from incorporation on March 11, 2021 to May 31, 2021 and (2) interim financial statements for the period from incorporation on March 11, 2021 to August 31, 2021 to account for the acquisition of Tech One as a reverse takeover transaction and comply with National Instrument 51-102 Continuous Disclosure Obligations (" NI 51-102 ") .
The amended and restated financial statements have been posted to SEDAR (www.sedar.com) under the Company's SEDAR profile.
Amended and Restated Management Discussion and Analysis (MD&A)
The Company has amended and restated its MD&As for the interim periods ending May 31, 2021 and August 31, 2021 to correct the references to the quarterly results in the MD&As to account for the acquisition of Tech One as a reverse takeover transaction and comply with NI 51-102 and Form 51-102F1 Management's Discussion and Analysis.
The amended and restated MD&As have been posted to SEDAR (www.sedar.com) under the Company's SEDAR profile.
Amended and Restated Material Change Report
The Company has also amended and restated its material change report dated May 6, 2021, which was filed in connection with the Company's acquisition of Tech One in order to provide additional disclosure required under Item 5.2 of Form 51-102F3 with respect to the acquisition, which constituted a "restructuring transaction" as that term is defined in NI 51-102.
The amended and restated material change report has been posted to SEDAR (www.sedar.com) under the Company's SEDAR profile.
Technical Report
The Company has filed a technical report for its Incahuasi Project entitled "Technical Report for the Incahuasi Salar Lithium Concession, Salta Province, Argentina" (the " Technical Report "), as required under section 4.2(1)(j)(i) of National Instrument 43-101 Standards of Disclosure for Mineral Projects , to support the disclosure of the preliminary economic assessment in the Company's July 1, 2021 corporate presentation.
The Technical Report has been posted to SEDAR (www.sedar.com) under the Company's SEDAR profile.
Tech One Lithium Resources Corp.
Tech One's business is the acquisition, exploration and evaluation of natural resource properties in Canada and Argentina. Tech One holds an option to acquire up to 100% of the mineral concessions of the Candela II project located within the prolific Lithium Triangle, in the Salta Province of Argentina.
About Spey Resources Corp.
Spey Resources is a Canadian mineral exploration company which holds two option agreements to acquire 100% interest in the Candela II, Pocitos I and II lithium brine projects located in the Salta Province, Argentina. Spey also holds an option to acquire a 100% undivided interest in the Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.
For more information, please contact:
Nader Vatanchi CEO, Director
nader@speyresources.ca
778-881-4631
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release may constitute "forward-looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements in this release, including without limitation, statements pertaining to the timing of filing of certain disclosure documents and potential for conclusion of the BCSC's review, are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, without limitation, regulatory, legislative, environmental and other judicial or political developments, and operational difficulties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
The CSE has neither approved nor disapproved the contents of this press release.

News Provided by GlobeNewswire via QuoteMedia

Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost" or the "Company") (www.foremostlithium.com) is pleased to announce that it will issue 335,235 common shares and has paid $50,000 in cash in satisfaction of its first anniversary option payment pursuant to the Company's option agreement with Mount Morgan Resources Ltd. to acquire a 100% interest in its Jean Lake lithium-gold project. The 1002 hectare Jean Lake Gold- Lithium project is located 570 km north of Winnipeg and 15 km east of the mining centre of Snow Lake Manitoba. The region hosts world-class gold, base-metal and gold-rich base-metal deposits and developing lithium resources.
The five claim, 1002-hectare Jean Lake Lithium and Gold Property is situated in west-central Manitoba, 15 kilometers east of the historic town of Snow Lake. It is hosted by the Early Proterozoic (1.832 Ga) Rex Lake Plutonic Complex which is a circular intrusion 8 km in diameter. The property hosts the historic west-northwest striking Beryl lithium pegmatites rediscovered in August of 2021 in blasted trenches beneath 80 years of organic deadfall and glacial sediment. The 270-degree trending dykes are characterized by coarse grained light green spodumene crystals in a matrix of potassium feldspar, quartz, and muscovite. The host rocks are coarsely porphyritic gabbro. The property also hosts the shear zone-hosted Sparky Gold Occurrence discovered in 1918. The gold mineralization is associated with disseminated and near-solid fracture fillings consisting of fine-grained to blocky arsenopyrite with lesser pyrite and chalcopyrite hosted within sheared and silicified massive basalt and gabbro.
About Foremost Lithium Resource & Technology Ltd.
Foremost Lithium is a resource exploration company committed to having a critical role in the production of high-quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market. Given the importance and global focus on increasing decarbonization, the company is hyper-focused on continued exploration and growth on its six lithium projects: Jean Lake, Grass River Claims, Zoro, Jol and the Peg North Claims, in Snow Lake Manitoba, and its Hidden Lake Lithium Project in the Northwest Territories. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA.
For further information please contact:
John Gravelle
President and CEO
Foremost Lithium Resource &Technology Ltd.
Email: info@foremostlithium.com
Phone: +1 (604) 330-8067
Follow us or contact us on social media:
Twitter: @foremostlithium
Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-technology/mycompany
Facebook: https://www.facebook.com/ForemostLithium
Forward-looking statement:
This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Company's properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur.
These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the Company's projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases or decreases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, changes in applicable laws or stock exchange policies and receipt of any requires regulatory approvals and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward- looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.
UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133054

News Provided by Newsfile via QuoteMedia

Investing News Network websites or approved third-party tools use cookies. Please refer to the  cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies. 

source

Leave a Comment