CINXE.COM

<?xml version="1.0" encoding="utf-8"?><?xml-stylesheet href="https://www.acnnewswire.com/rss/rss2full.xsl" type="text/xsl" media="screen"?><?xml-stylesheet href="https://www.acnnewswire.com/rss/itemcontent.css" type="text/xsl" media="screen"?><rss version="2.0"><channel><title>ACN Newswire</title><link>https://www.acnnewswire.com</link><description>ACN Newswire press release news - Recent Press Releases</description><item><title>GMG Unveils SUPER G(R): A Game-Changing Graphene Solution for the Lithium-Ion Battery Industry</title><pubDate>Thu, 21 Nov 2024 21:29:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Australia--(ACN Newswire - November 21, 2024) -Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the launch of SUPER G®, a graphene slurry which can be used to enhance the performance of lithium-ion batteries. This breakthrough product has the potential to reshape the future of energy storage, offering battery manufacturers an innovative solution that optimizes efficiency, power, and longevity.<a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg"></a>Figure 1To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg</a>Unleashing the Power of GrapheneSUPER G® is a graphene slurry which has been developed by GMG over the last 3 years for GMG's own Graphene Aluminium-Ion Battery which has unique properties of high electrical conductivity, low charge transfer resistance and high density compared to other carbon battery additives and materials used in lithium-ion batteries.The Graphene comes from GMG's self-developed graphene production system and is then processed through a number of steps in the co-located pilot plant and finally into a liquid graphene product which we believe will be able to be added into or coated onto either a customer's lithium-ion battery cathode or anode production with a 0.5-2% dosage by weight.GMG is currently engaged in confidential discussions with multiple battery manufacturers and industry players to explore the potential testing and supply of SUPER G®. These discussions underscore the growing demand for high-performance materials that can push the boundaries of energy storage technology.Exceptional Performance Confirmed by Oxford UniversityA recent study conducted by Oxford University has confirmed the exceptional performance of GMG's SUPER G®. Key findings include:<ol style="list-style-type: decimal;"><li>SUPER G® demonstrates 2.5 times lower mean ionic resistivity compared to standard graphite, as shown in Figure 2. Lower pore ionic resistivity will improve battery efficiency, charge and discharge rates.</li></ol><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg"></a>Figure 2: Ionic Resistivity of Graphite vs. GMG SUPER G® (100 µm thick, 30% porous vs. 125 µm thick)To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg</a><ol style="list-style-type: decimal;" start="2"><li>SUPER G® features multimodal particle distribution (~20 µm large particles + sub-1 µm particles), which increases energy density for more powerful, longer lasting batteries.</li></ol><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure3_550.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure3_550.jpg"></a>Figure 3: Cross-Section of SUPER G® with Wide-Beam Ar+ Ion Polishing To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpg</a><ol style="list-style-type: decimal;" start="3"><li>Unlike conventional materials, SUPER G® maintains its integrity during calendaring (compression onto battery foil), ensuring no significant damage to the binder layer. This is crucial for maintaining battery longevity and performance.</li></ol><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg"></a>Figure 4: Nyquist Plot of EIS Response - Calendared vs. Uncalendared SUPER G®To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg</a>Table 1 shows SUPER G® in comparison with the commonly used conductivity carbon additives used in lithium-ion battery industry- it shows many attractive attributes for SUPER G® including 2-3 times higher bulk density and 3 times greater surface area than the industry standard carbon additive.<table style="width: 100%; border-collapse: collapse; border: 1px solid #000000;" border="0" cellspacing="0" cellpadding="3"><tbody><tr><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">Property</td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">Standard Industry Lithium-Ion Battery Carbon Additive</td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">GMG SUPER G®</td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;">Bulk Density </td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">0.12-0.25 g/cm³</td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">0.3-0.4 g/cm³ </td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"> Surface Area </td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">~60 m²/g</td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">250 m²/g</td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"> Typical Loading in Electrode </td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">2-5 wt%</td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">0.5-2 wt %</td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"> High-Rate Performance </td><td style="width: 33.3%; text-align: center; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Standard application</td><td style="width: 33.3%; text-align: center; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Excellent for very high-rate applications</td></tr></tbody></table> Table 1: Performance Comparison of GMG SUPER G® and Commonly used Conductivity AdditiveGMG's Graphene has been found to increase rate tolerance of lithium-ion batteries - which is a desirable quality that allows the battery to be charged and discharged at various rates (faster and slower) with less negative impact on the capacity of the battery.About GMG:GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol>For further information please contact:<div id="contactInfo"><ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>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 news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries.Such forward-looking statements are based on a number of assumptions of management, including, without limitation the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries, or at all, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at <a href="https://api.newsfilecorp.com/redirect/arMbZFe5Rg">www.sedarplus.ca</a>.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, 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. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/2EW2VSRYVq">https://www.newsfilecorp.com/release/230859</a><img src="https://api.newsfilecorp.com/newsinfo/230859/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/94024/</link><guid>https://www.acnnewswire.com/press-release/english/94024/</guid><category>Metals & Mining, Engineering, EVs, Transportation, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the launch of SUPER G(R), a graphene slurry which can be used to enhance the performance of lithium-ion batteries.</summary><featuredimage /></item><item><title>GMG Reaches Market Commercialisation Milestone on Energy Savings Coating THERMAL-XR(R)</title><pubDate>Tue, 19 Nov 2024 21:09:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Australia--(ACN Newswire - November 19, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.SINGAPORE GREEN BUILDING COUNCIL PRODUCT APPROVAL The Singapore Green Building Council has approved THERMAL-XR to be certified as a Singapore Green Building Product (SGBP) under the category of Mechanical - ACMV - Coil Coating. It is the first thermal air conditioning coating to be approved as a SGBP - please see the attached link: <a href="https://api.newsfilecorp.com/redirect/zEzqqhOAYZ">https://web.sgbc.online/public/product/certificate/5/46/495/8867/2978</a>.The SGBP Certification Scheme is one of the key standards and benchmarks for green building products in the building and construction industry. Products and materials certified as a SGBP are highly recognised under the Green Mark Certification Scheme, Singapore's national green building rating tool administered by the Building and Construction Authority (BCA), which allows certified products to accrue points that count towards a project's Green Mark rating. The more highly rated a product is under the SGBP Certification Scheme (i.e., the more ticks it has achieved), the more points are awarded towards the Green Mark rating.The SGBP Certification Scheme is also widely accepted by regional green building rating tools for its coverage of products' sustainability performance. Examples include GreenRE, a rating tool set up by the Real Estate & Housing Developments' Association (REHDA) of Malaysia, and LOTUS, Vietnam Green Building Council's rating tool. The SGBP Certification Scheme complies with many of the requirements in ISO 14024 Environmental labels and declarations - Type I environmental labelling.<a href="https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg"></a>Figure 1To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg</a>The benefits of SGBP Certification include:<ul style="list-style-type: disc;"><li>FOR PRODUCT SUPPLIERS:<ul style="list-style-type: circle;"><li>Analysis of your product's sustainability performance by experts and certification by a credible source</li><li>Opportunity and insight into how to further develop your products to be more sustainable</li><li>Greater awareness of your product for use in our current and future buildings</li></ul></li><li>FOR DESIGNERS/ SPECIFIERS:<ul style="list-style-type: circle;"><li>An overview of products that are certified sustainable</li><li>An understanding of how a product stacks up against others in terms of their sustainability performance</li><li>Easier decision-making when choosing more sustainable products</li></ul></li><li>FOR BUILDERS/ OWNERS:<ul style="list-style-type: circle;"><li>An overview of products that are certified sustainable</li><li>Data around the environmental properties of the products you use</li><li>A unique selling point for your building projects</li></ul></li><li>FOR TENANTS/ OCCUPANTS:<ul style="list-style-type: circle;"><li>An understanding of how sustainable the spaces you live and work in are</li><li>Health benefits of living/working in a greener building</li></ul></li></ul>Once a product is certified, SGBC will issue the product a certificate. Only certified products will be listed on the SGBP Certification Directory, which is maintained on the Singapore Green Building Council's website. This Interactive Directory is actively used by building industry professionals such as consultants, contractors, building developers and owners. Stakeholders can demand that products/ materials used for a building are SGBP certified. Certified products can gain credits under various green building rating tools.USA EPA PRE-MANUFACTURE NOTICE SUBMISSION MADEGMG and Nu Calgon have submitted a Pre-Manufacture Notice ("PMN") in conjunction with its USA Environmental Protection Agency's ("EPA") application to import and sell THERMAL-XR® in the USA. The PMN application is expected to be approved in less than 12 months. The PMN application covers the use of the coating in various application methods in various industrial applications.GMG's Managing Director and CEO, Craig Nicol, commented: "The SGBP Certification is highly welcomed and comes after many years of working with our coating and carrying out many demonstration projects in Singapore with our distribution and coating partners. We also welcome the progress on the EPA submission with our Nu Calgon distribution partner."GMG's Chairman and Director, Jack Perkowski, commented: "THERMAL-XR® being recognised as a Singapore Green Building Product is a very good sign of all the hard work GMG has done there over the years. The USA HVAC after market for coatings is a substantial opportunity for GMG and so it is good to see the progress on the EPA submission as well."About THERMAL-XR® powered by GMG Graphene:THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDINGAbout GMG <a href="https://api.newsfilecorp.com/redirect/4Qn11tzML2">www.graphenemg.com</a>GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol><div id="contactInfo">For further information please contact:<ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>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 news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the receipt, timing and nature of approval by the EPA of the PMN application and the opportunity represented by the USA HVAC after market for coatings. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding that the EPA will approve the PMN application and on the timing anticipated, that the content of the EPA's approval will be as anticipated, and that the USA HVAC after market for coatings is a substantial opportunity for the Company. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the EPA will not approve the PMN application on the timing anticipated or at all, that the content of the EPA's approval will not be as anticipated, that the USA HVAC after market for coatings is not a substantial opportunity for the Company, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at <a href="https://api.newsfilecorp.com/redirect/jpb33SJWmy">www.sedarplus.ca</a>.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, 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. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/v1XmmsYBZ8">https://www.newsfilecorp.com/release/230564</a><img src="https://api.newsfilecorp.com/newsinfo/230564/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93984/</link><guid>https://www.acnnewswire.com/press-release/english/93984/</guid><category>Metals & Mining, Engineering, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to provide a business update on the commercialisation progress of THERMAL-XR(R) Powered by GMG Graphene.</summary><featuredimage /></item><item><title>GMG Provides Business Update on Working Capital and Cost Reductions</title><pubDate>Tue, 19 Nov 2024 06:00:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Aust, Nov 14, 2024 - (ACN Newswire) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on its working capital position and the implementation of cost reductions targets that were communicated on March 11, 2024.Each year the Company submits a Research and Development (R&D) application to the Australian Taxation Office to recover 43.5% of eligible R&D expenditures under the Australian Government's Research and Development Tax Incentive scheme. On October 29, 2024, A$2.85m, the amount requested in this year's R&D application, was deposited in full into the Company's bank account. As at November 1, 2024, the Company's cash balance was A$5.56m, with no debt or loan facilities in place. The continued funding from AusIndustry's R&D Tax incentive scheme has played a vital role in supporting GMG's ongoing research and development.The Company successfully implemented an organisational restructure by merging the Projects and Operations teams and streamlining its Graphene Manufacturing Plant and Thermal XR® Blending Plant. The new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery. Through careful organisational restructuring and active cost management, the Company has reduced its monthly operating cost base by almost 45% since September 2023. The Company will continue to look for ways to continue this trend while maintaining a delivery mind set.GMG's CEO Craig Nicol stated, "The timely receipt of the Research and Development rebate from the Australian Federal Government continues to provide significant working capital support while the Company has continued to focus on improving its cost base through streamlining of Operations and Projects teams while maintaining focus and pace on delivering its four critical business objectives."GMG's Chairman and Non-Executive Director, Jack Perkowski, commented: "The implementation of targeted costs savings together with the Research & Development rebate, allows the Company to remain focused on growing the sales of its Energy Savings products."About GMG  <a href="https://api.newsfilecorp.com/redirect/55ROgi4xBR">www.graphenemg.com</a>GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol><div id="contactInfo">For further information please contact:<ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>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 news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the Company's new operating model, future cost reductions, and the Company's focus on the sale of its energy saving products. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will continue to look for ways to reduce costs while maintaining a delivery mind set, and that the Company's focus will remain on growing the sales of its energy saving products. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Australian Federal Government will not continue its Research and Development Tax Incentive scheme, or that the Company will not continue to benefit from the tax incentive, that the new operating model to deliver projects of scale will not rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will be unable to reduce costs further while maintaining a delivery mind set, that the Company will not remain focused on growing the sales of its energy saving products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at <a href="https://api.newsfilecorp.com/redirect/LGOvzCa2m1">www.sedarplus.ca</a>.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, 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. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/8082/229939_c281880b447d6a32_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/oLYGXiMjWo">https://www.newsfilecorp.com/release/229939</a> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93887/</link><guid>https://www.acnnewswire.com/press-release/english/93887/</guid><category>Metals & Mining, Engineering, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on its working capital position and the implementation of cost reductions targets that were communicated on March 11, 2024.</summary><featuredimage /></item><item><title>Military Metals Completes Acquisition of Brownfield Antimony Projects in Europe</title><pubDate>Sat, 16 Nov 2024 12:39:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/MilitaryMetals.jpg" border="0" />Vancouver, British Columbia--(ACN Newswire - November 15, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90)(the "Company" or "Military") is pleased to announced that it has closed its previously disclosed transaction, pursuant to which 1509149 B.C. Ltd., a wholly-owned subsidiary of the Company, amalgamated with 1458205 B.C. Ltd. (the "Target") such that the Company has acquired 100% of the issued and outstanding common shares in the capital of the amalgamated entity (the "Transaction").In connection with the Transaction, the Company issued 10,000,000 Common shares in the capital of the Company (the "Company Shares"), at a deemed issuance price of $0.56 per Company Share, to the shareholders of the Target. Previously, it was contemplated that the Company would assume the Target's obligations in respect of 3,499,997 share purchase warrants, which were to become exercisable into Company Shares on closing, however the parties to the Transaction have amended the terms, and such obligation is not being assumed by Military. The Company Shares issued are not subject to resale restrictions under applicable Canadian securities laws.About the Projects:The Transaction results in the Company acquiring three mineral exploration projects in Slovakia, being the Trojarová antimony-gold project, the Tiennesgrund antimony-gold project, and the Medvedi tin project. It is the intention of the Company to produce a technical report under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") in connection with Trojarová. The Company also intends to file a Business Acquisition Report for the Transaction in accordance with the requirements of applicable securities laws.About the Trojarová Antimony-Gold Project As first reported in the Company's news release regarding Trojarová dated October 30, 2024, discovered in the late 1970s Trojarová was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes completed for a total of 14,330m, along with 1.7km of underground development starting in 1990, ultimately comprising a 300-meter-long adit connected to a 700-plus meter-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multi-volume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, culminating in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992. The historical estimate at Trojarová was classified using the Slovak version of the newly post-Soviet Russian classification system, which is not directly comparable to or compatible with the western system as defined by the Canadian Institute of Mining, Metallurgy & Petroluem ("CIM Definition Standards for Mineral Resources & Mineral Reserves"). The Slovak Geological Institute, the State agency that carried out all exploration and underground development work at Trojarová, classified the resource as "P1" in the Slovak version of the Russian classification system. P1 is closest within the Canadian Institute of Mining, Metallurgy & Petroleum's ("CIM") classification system to "Inferred Mineral Resources," which is defined by the CIM as that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes.The 1992 Report contains a table featuring ten alternate historical resource estimates, five focused on the antimony component of the mineralized system and five on its gold component, each group of five featuring decreasing tonnage at increasing grade for antimony and gold, respectively. This table is shown below.<a href="https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_001full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_001full.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_001full.jpg"></a>Historical alternate resource estimate scenarios for Trojarova (source: Michel et al, 1992)To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_001full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_001full.jpg</a>Upon completion of the Amalgamation, the Company will move forward to verify this historical estimate through a program of confirmation drilling so that it is able to classify mineral resources at Trojarová as current, in accordance with National Instrument 43-101.<a href="https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_002full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_002full.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_002full.jpg"></a>Map showing the location of Military's properties in SlovakiaTo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_002full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_002full.jpg</a>Investor Relations Engagements:The Company further announces entry into agreements related to marketing and investor relations. Further to the news releases announced on October 24, 2024, the Company engaged Clarkham Capital ("Clarkham") to provide investor relations services with a focus on the German stock market and the German-speaking investment community in support of the company listing on the Frankfurt Stock Exchange (the "Clarkham Agreement") with a commencement date of November 18, 2024. Pursuant to the terms of the Clarkham Agreement, Clarkham will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, including, but not limited to, the preparation of articles and coverages on multiple financial platforms and newsletters, and translation and distribution of press releases in Germany and any other marketing services as agreed upon by the Company and Clarkham (the "Clarkham Services"). The Clarkham Agreement has a term of two (2) months and is anticipated to commence on or about November 18, 2024. The Company will make a one-time payment to Clarkham of EUR 200,000 (CAD$298,340), as consideration for the Services. Sebastian Korbach will be providing the Clarkham Services to the Company on behalf of Clarkham and may be contacted at +44-20-38839398 or <a href="mailto:cc@clarkham.com">cc@clarkham.com</a>. The Company will not issue any securities to Clarkham as compensation. Both Clarkham and Sebastian Korbach are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.Additionally, the Company entered into a one-time media services arrangement with Robert Sinn ("Sinn") in which Sinn will provide the Company with marketing services, which includes, video content creation, distribution, digital marketing, in connection with a video interview being conducted by Sinn (the "Sinn Services") for distribution on popular investor platforms such as BNN Bloomberg. The Sinn Services will commence on November 20, 2024. The Company will make a one-time payment to Sinn of $2,500 USD, as consideration for the Sinn Services. Sinn and may be contacted at +352-613-2850 or <a href="mailto:ceotechnician@gmail.com">ceotechnician@gmail.com</a>, or Suite 508, 416 SW 1st Avenue, Fort Lauderdale, FL, 33301. The Company will not issue any securities to Sinn as compensation. Sinn is arm's length to the Company and does not have any interest, direct or indirect, in the Company or its securities nor does he have any right to acquire such an interest.On November 15, 2024, the Company entered into a media services contract (the "NIA Agreement") with GRA Enterprises LLC, DBA National Inflation Association ("NIA"). Pursuant to the terms of the NIA Agreement, NIA will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, and any other marketing services as agreed upon by the Company and NIA (the "NIA Services") for distribution on popular investor platforms such as BNN Bloomberg and Benzinga. The NIA Agreement has a term of thee (3) months and is anticipated to commence on or about November 18, 2024. The Company will make a one-time payment to NIA of US$30,000, as consideration for the Services. Gerard Adams will be providing the NIA Services to the Company on behalf of NIA, and may be contacted at +973-277-7674 or <a href="mailto:inflationusceo@gmail.com">inflationusceo@gmail.com</a>, or 112 Camp Lane, Mooresville, NC 28117. The Company will not issue any securities to NIA as compensation. Both Gerard Adams and NIA are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.<div id="contactInfo">ON BEHALF OF THE BOARD of DIRECTORSFor more information, please contact:Scott Eldridge CEO and Director<a href="mailto:scott@militarymetalscorp.com">scott@militarymetalscorp.com</a>For enquiries, please call 604-722-5381 or 604-537-7556</div>This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the filing of a NI 43-101 compliant technical report, the filing of the Business Acquisition Report, as well as future plans for exploration activities, and for marketing. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact any future activities in respect of the properties held by the Company. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at <a href="https://api.newsfilecorp.com/redirect/0VwrJt41ya">www.sedarplus.ca</a>. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results 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. The Company undertakes no obligation to update forward looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/R70AjHxVaZ">https://www.newsfilecorp.com/release/230288</a><img src="https://api.newsfilecorp.com/newsinfo/230288/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93926/</link><guid>https://www.acnnewswire.com/press-release/english/93926/</guid><category>Metals & Mining</category><stock_tickers>CNSX:MILI, OTCMKTS:MILIF</stock_tickers><summary>Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90)(the "Company" or "Military") is pleased to announced that it has closed its previously disclosed transaction, pursuant to which 1509149 B.C. Ltd., a wholly-owned subsidiary of the Company, amalgamated with 1458205 B.C. Ltd. (the "Target") such that the Company has acquired 100% of the issued and outstanding common shares in the capital of the amalgamated entity (the "Transaction"). </summary><featuredimage /></item><item><title>Military Metals Announces LOI to Acquire Past-Producing Last Chance Antimony-Gold Property, near Round Mountain, Nevada</title><pubDate>Sat, 16 Nov 2024 02:02:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/MilitaryMetals.jpg" border="0" />Vancouver, British Columbia--(ACN Newswire - November 14, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "Military") is pleased to announced that it has entered into a Letter of Intent ("LOI") with Amador Mining LLC, to acquire the past-producing Last Chance (aka Wall Canyon) antimony-gold property ("Last Chance" or "the Property"), located in Nye County Nevada.The property is located 18km (11 miles) due west of the Round Mountain Gold Mine, and is accessible by road NF-157 that runs west from Highway 376 into the Toiyabe National Forest. The nearest town is Tonopah. The elevation at the historical mineshaft on the property is just under 8,000 feet above sea level. Prospecting for gold in the area - the Jett Mining District, dates back to the 1870s, leading to the discovery of the Last Chance historical antimony mine. First recorded production of antimony was in 1915 with mining activity recorded throughout both World War One and Two and then in 1957-58, as well. Mostly gold-focused exploration work by the United States Geological Survey and Nevada Bureau of Mines during the 1980s further documented antimony and associated gold mineralization in the area, leading to the development of a small (historical) low-grade gold resource.Historical mining and drill data indicate that antimony mineralization is both structurally and stratigraphically controlled, hosted in faults and receptive carbonate units, in quartz veins that crosscut gold-mineralized zones indicating that it is part of a younger mineralizing event. Dikes of serpentinized ultramafics are known nearby although this relationship may be more rheological versus metallogenic (exploiting the same structures), given what is known about the age and metallogenesis of epithermal gold deposits in the region.Military plans a program of detailed surface mapping and sampling upon which a drilling program to test the full potential of the system will be undertaken. The Company plans to enter a definitive purchase agreement within 30 days, and has provided a $10,000 USD exclusivity deposit to the seller. The pending acquisition includes the past-producing mine and covers 5 unpatented mineral claims for total compensation of $45,000 USD and includes a 2% Net Smelter Royalty ("NSR").The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.<a href="https://images.newsfilecorp.com/files/10818/229931_a9822e8c04a2183d_001full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/10818/229931_a9822e8c04a2183d_001.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10818/229931_a9822e8c04a2183d_001.jpg"></a>Figure 1To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/10818/229931_a9822e8c04a2183d_001full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/10818/229931_a9822e8c04a2183d_001full.jpg</a>About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.ON BEHALF OF THE BOARD of DIRECTORS<div id="contactInfo">For more information, please contact:Scott Eldridge CEO and Director <a href="mailto:scott@militarymetalscorp.com">scott@militarymetalscorp.com</a>For enquiries, please call 604-722-5381 or 604-537-7556</div>This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-Looking information in this news release includes statements related to the completion of the Definite Agreement, as well as future plans for exploration activities, and assumptions related to the continuation of the global demand for antimony. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include meeting the conditions to close the Definitive Agreement, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both and any future activities in respect of the properties.. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at <a href="https://api.newsfilecorp.com/redirect/R70BqHxp0z">www.sedarplus.ca</a>. Forward-Looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results 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. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/10818/229931_a9822e8c04a2183d_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/W0KPMiAjGN">https://www.newsfilecorp.com/release/229931</a><img src="https://api.newsfilecorp.com/newsinfo/229931/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93890/</link><guid>https://www.acnnewswire.com/press-release/english/93890/</guid><category>Metals & Mining</category><stock_tickers>CNSX:MILI, OTCMKTS:MILIF</stock_tickers><summary>Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "Military") is pleased to announced that it has entered into a Letter of Intent ("LOI") with Amador Mining LLC, to acquire the past-producing Last Chance (aka Wall Canyon) antimony-gold property ("Last Chance" or "the Property"), located in Nye County Nevada.</summary><featuredimage /></item><item><title>Doubleview Gold Corp Announces Closing of Private Placement for Total of $4,027,000</title><pubDate>Sat, 16 Nov 2024 01:10:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/Doubleview220.jpg" border="0" />Vancouver, British Columbia--(ACN Newswire - November 14, 2024) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce that it is closing its non-brokered Private Placement of flow-through funds for gross proceeds of $4,026,999.84, which is more than initially announced on November 06, 2024.Doubleview will issue a total of 8,389,583 flow-through shares (the "FT Shares") at a price of $0.48 per FT Share for gross proceeds of $4,026,999.84.Proceeds are intended to be used for contributions and maintenance of the Company's exploration work on its wholly owned BC projects, the polymetallic Hat Project and the Copper-Silver-Gold Red Spring Project, located in northwestern BC. This work includes drilling, geological advisory, analytical services as well as other exploration development work.The Company will pay $100,000 in finder's fees and will issue 256,935 finder's shares at a price of $0.39.Pursuant to applicable Canadian securities laws and in accordance with the Exchange policies, all securities issued under this Private Placement will be subject to applicable resale restrictions under applicable securities laws and to the Exchange hold period of four months and one day from the date of issuance.The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.About Doubleview Gold CorpA mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.About the Hat Polymetallic DepositThe Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024, news release, is summarized below:<table style="text-align: start; width: 100%; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 7.7%; border-top: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; font-size: 10px;"> </td><td style="width: 7.7%; vertical-align: top; text-align: right; border-top: 1px solid #000000; border-right: 1px solid #000000; font-size: 10px;"> </td><td style="width: 7.7%; vertical-align: top; text-align: right; border-top: 1px solid #000000; font-size: 10px;"> </td><td style="vertical-align: top; font-size: 10px; border: 1px solid #000000;" colspan="5">Average Grade</td><td style="vertical-align: top; font-size: 10px; border: 1px solid #000000;" colspan="5">Metal Content</td></tr><tr><td style="width: 7.7%; border-left: 1px solid #000000; border-right: 1px solid #000000; font-size: 10px;" rowspan="2">Open Pit Model Hat</td><td style="width: 7.7%; vertical-align: top; border-right: 1px solid #000000; font-size: 10px;" rowspan="2">Resource Category</td><td style="width: 7.7%; vertical-align: top; font-size: 10px;">Tonnage</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">CuEq</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Cu</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Co</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Au</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Ag</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">CuEq</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Cu</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Co</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Au</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Ag</td></tr><tr><td style="width: 7.7%; font-size: 10px; border: 1px solid #000000;">Mt</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">%</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">%</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">%</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">g/t</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">g/t</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">million lb</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">million lb</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">million lb</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">thousand oz</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">thousand oz</td></tr><tr><td style="width: 7.7%; font-size: 10px; border: 1px solid #000000;" rowspan="2">In Pit</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Indicated</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">150</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.408</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.221</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.008</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.19</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.42</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">1,353</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">733</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">28</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">929</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">2,045</td></tr><tr><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Inferred</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">477</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.344</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.185</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.009</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.15</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">0.49</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">3,619</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">1,945</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">91</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">2,328</td><td style="width: 7.7%; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">7,575</td></tr></tbody></table> Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.For further details, please refer to the Company's July 25, 2024 news release.Qualified Person:Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.On behalf of the Board of Directors,Farshad Shirvani, President & Chief Executive OfficerFor further information please contact:<div id="contactInfo">Doubleview Gold Corp Vancouver, BC Farshad Shirvani President & CEO T: (604) 678-9587 E: <a href="mailto:corporate@doubleview.ca">corporate@doubleview.ca</a></div>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.Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/8003/229923_17dc7d8784e85b6f_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/EyQXKF7yML">https://www.newsfilecorp.com/release/229923</a><img src="https://api.newsfilecorp.com/newsinfo/229923/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93883/</link><guid>https://www.acnnewswire.com/press-release/english/93883/</guid><category>Metals & Mining, Daily Finance, Daily News, Local Biz</category><stock_tickers>TSXV:DBG, OTCMKTS:DBLVF, FRA:1D4</stock_tickers><summary>Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce that it is closing its non-brokered Private Placement of flow-through funds for gross proceeds of $4,026,999.84, which is more than initially announced on November 06, 2024. </summary><featuredimage /></item><item><title>Military Metals Announces Appointment of Mark Saxon to Its Board of Directors</title><pubDate>Fri, 08 Nov 2024 23:58:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/MilitaryMetals.jpg" border="0" />Vancouver, British Columbia--(ACN Newswire - November 7, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "Military") is pleased to announce that Mark Saxon has been appointed to its Board of Directors (the "Board") as an independent director. Mr. Saxon's appointment increases the Board to a total of five seats.Scott Eldridge, Chief Executive Officer of the Company, commented, "On behalf of the board and our shareholders I am excited to welcome Mark Saxon to our board of directors. Mark has an extensive technical background in critical metals in combination with decades of capital markets experience in both Canada and Australia. He is a welcome addition to our team and will help deliver on our strategy of contributing to global antimony markets through the exploration and development of brownfields projects in multiple countries. He was the QP for the recent NI 43-101 report on the exciting Sunday Creek antimony-gold discovery of Southern Cross Gold (ASX: SXG) and Mawson Gold (TSXV: MAW)."Mr. Saxon has 30 years of experience in exploration and resource geology, with the past decade in CEO and leadership roles in Canadian and Australian public companies. After graduating from the University of Melbourne in 1991 with a First Class Bachelor of Science (Honours) in geology, he has worked globally with a particular focus on critical raw materials and their supply chains. He brings a very strong track record of discovery with T2 Metals Corp, Mawson Gold Ltd, Tasman Metals Ltd, and Tinka Resources Ltd across rare earth elements, lithium, base metals and gold.Military has granted Mark Saxon 200,000 common share stock options at $0.95 per share. The stock options, which vest immediately, are for a period of 5 years and are subject to a 4 month hold period pursuant to the rules of the CSE.Further UpdatesThe Company also reports that the bore hole EM geophysical survey on historical collars has been completed on its Manson Bay Project, interpretation of the results are underway and will be released at a later date.To help honour the immeasurable sacrifices our Veterans and their families made during times of need, the Company has made a corporate donation to the Digital Poppy Campaign managed by The Legion National Foundation. The Company encourages its followers to do the same in honour of our Veterans, more information is available by email at <a href="mailto:info@LNFCanada.ca">info@LNFCanada.ca</a> or toll free at <a href="tel:18885960217">1 (888) 596 - 0217</a>.About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on critical minerals such as copper and antimony, as well as gold.<div id="contactInfo">ON BEHALF OF THE BOARD of DIRECTORSFor more information, please contact:Scott Eldridge CEO and Director<a href="mailto:scott@militarymetalscorp.com">scott@militarymetalscorp.com</a>For enquiries, please call 604-722-5381 or 604-537-7556</div>This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at <a href="https://api.newsfilecorp.com/redirect/arJmnceLEO">www.sedarplus.ca</a>. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results 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. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/10818/229155_0de652f50430aad1_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/2EpR4URPMK">https://www.newsfilecorp.com/release/229155</a><img src="https://api.newsfilecorp.com/newsinfo/229155/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93734/</link><guid>https://www.acnnewswire.com/press-release/english/93734/</guid><category>Metals & Mining</category><stock_tickers>CNSX:MILI, OTCMKTS:MILIF</stock_tickers><summary /><featuredimage /></item><item><title>Standard Uranium Provides Exploration Update Highlighting Successful Project Generation with New Joint Venture Ready Projects Available in 2025</title><pubDate>Thu, 31 Oct 2024 19:09:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/StandardUranium.jpg" border="0" />Vancouver, British Columbia--(ACN Newswire - October 31, 2024) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company")is pleased to provide a summary of work programs on three of it's 100% owned uranium exploration projects currently under option and plans for targeted exploration strategies to continue advancing its uranium portfolio in the Athabasca Basin region, northern Saskatchewan towards discovery.The Company holds more than 233,000 acres of prime exploration real estate across the prolific Athabasca Basin region, which hosts the highest-grade uranium deposits on the planet. The Company boasts an attractive portfolio of uranium exploration projects currently available for option ranging from early-stage to drill-ready projects throughout the Athabasca region, providing turn-key opportunities with permits in hand, First Nations agreements signed, vendors secured, and highly prospective uranium targets. Standard Uranium has continued to deliver on its project generator model in 2024 through expansion of landholdings and advancement of early-stage projects through geophysical surveys to be executed this fall, providing excellent turn-key opportunities for potential joint venture partners. The Company is actively seeking new joint venture partners on these exciting uranium projects.Additionally, the Company successfully completed three joint venture earn-in partnerships on the Sun Dog, Canary, and Atlantic projects this year, totalling over $23.8M in work commitments over the next three years. The Company advanced all three projects by successfully operating and completing exploration drill programs on time and under budget. Standard Uranium brings a skilled team of in-house geoscientists and invaluable relationships with First Nations partners and vendors to the table in designing and executing option agreements.2024 Exploration Summary and Objectives<ul style="list-style-type: disc;"><li>Project Generator: Completed four definitive option agreements on four projects, securing exploration expenditures and non-dilutive cash-flow into the Company - Sun Dog, Atlantic, Canary, and Brown Lake projects.</li><li>Aggressive Exploration: Successfully planned and operated three drill programs on Sun Dog, Atlantic, and Canary returning promising results of uranium mineralization and prospective geology, all of which were partner-funded and successfully operated by the Company.</li><li>Additional Project Advancement: Initial exploration and geophysical programs on the early-stage Rocas and Corvo projects is planned for the fall, creating more opportunities for additional option partnerships.</li><li>Expanded Landholdings: The Company added nearly 45,000 acres of prospective land to its portfolio in 2024 through low-cost staking, expanding the Ascent and Corvo projects significantly, and adding four new projects to its exploration pipeline in the Athabasca Basin region.</li></ul>"We are pleased to share that we are continuing to advance additional uranium exploration projects through targeted geophysical survey work and new staking, which provide more opportunities for new joint venture partners looking to enter the Athabasca Basin. This part of our business represents an outstanding opportunity for companies that want to explore in the world's best uranium jurisdiction with our team at Standard Uranium," said Jon Bey, CEO & Chair of Standard Uranium. "We have built strong relationships with government and our First Nations partners allowing for expediting permitting, along with the key vendors to ensure exploration projects are completed on time and on budget." <a href="https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_002full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_002.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_002.jpg"></a>Figure 1. Overview of the eastern Athabasca Basin region highlighting Standard Uranium's projects under option and available for JV.To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_002full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_002full.jpg</a>Eastern Athabasca Basin Exploration Highlights & OpportunitiesAtlantic Project - ATCO Mining Option (CSE: ATCM)<ul style="list-style-type: disc;"><li>Uranium Mineralization Confirmed: Analytical results from the winter 2024 drill program at the Project confirmed highly anomalous uranium in drill holes ATL-24-002, ATL-24-004A, and ATL-24-005A, coinciding with prospective structural zones and favorable alteration including dravite-rich clays.</li><li>Sandstone & Basement-Hosted Uranium: Multiple zones of elevated uranium linked to the sub-Athabasca unconformity and basement structural zones were intersected, indicating a uranium-fertile system.</li><li>Uranium Pathfinders: Several key uranium pathfinder elements are present in anomalous quantities in multiple drill holes, providing vectoring information for future programs. Intersections of dravitic-clay associated with structural zones has been confirmed in drill holes ATL-24-002, ATL-24-004A, and ATL-24-005A.</li><li>Verified Targets: Massive structural disruption confirmed in the sandstone column and multiple wide (>10 metres) brittle-reactivated graphitic shear zones confirm the main interpreted electromagnetic ("EM") corridor on the western claim block which was not reached by previous operators. The inaugural program results have confirmed the Company's exploration thesis on the Project, highlighting a uranium-fertile system with several kilometres of still untested strike length across the Project.</li><li>Follow Up Targets & Next Steps: Atlantic holds significant upside for discovery along the untested portions of the E-W conductor system. Supplementary geophysical surveys over the central claim blocks are currently being planned and will provide further target areas for phase II and III drilling, along with the additional untested gravity low anomalies on the western block identified in 2022.</li></ul>Canary Project - Mamba Exploration Option (ASX: M24)<ul style="list-style-type: disc;"><li>Uranium Mineralization Confirmed: Analytical results from the spring 2024 drill program at the Project confirmed moderately anomalous uranium in drill holes CAN-24-001 and CAN-24-003 with Uranium:Thorium ("U:Th") ratios ≥3:1, indicating hydrothermal uranium input.</li><li>Basement-Hosted Uranium: Multiple zones of elevated uranium linked to structural zones and/or proximal to lithological contacts, indicating a uranium-fertile system.</li><li>Elevated Uranium Pathfinders: Several key uranium pathfinder elements are present in anomalous quantities in multiple drill holes within the crystalline basement, providing vectoring information for future programs; anomalous Boron is particularly common. Spectroscopy confirms presence of fracture-hosted dravitic-clay (13.4%) associated with semi-pelitic gneiss in drill hole CAN-24-001.</li><li>Follow Up Targets & Next Steps: Canary holds significant upside for discovery along three different and significantly underexplored conductor systems. Supplementary geophysical surveys over all three corridors will provide further target areas for phase II and III drilling.</li></ul>Brown Lake - Mustang Energy Acquisition Agreement (CSE: MEC)<ul style="list-style-type: disc;"><li>Project Monetization: Acquired in 2023 via low-cost staking, Standard Uranium sold 90% of the 312-hectare Brown Lake project to Mustang Energy for 60,000 common shares in Mustang and retains a 10% free carried interest in the project, providing future discovery upside potential.</li><li>Shallow drill targets: <200m to the unconformity along several kilometres of untested conductors coincident with magnetic low trends and key structural geology attributes.</li><li>Untested Potential southwest along strike from the Shift Uranium Zone which hosts high-grade* uranium intersections up to 2.42% U3O8 over 0.75 m in drill hole 79-017.</li></ul>Ascent Project - Available for Option<ul style="list-style-type: disc;"><li>Size & Location: The recently expanded Ascent project consists of four mineral dispositions totalling 7,464 hectares and straddles the eastern boundary of the Athabasca Basin. As the property lies on the edge of the Basin, depth to the sub-Athabasca unconformity is known to be approximately 50 metres from surface at maximum, while the eastern portion of the project contains no Athabasca sandstone cover, providing shallow drill target areas.</li><li>Geophysical/Geological Signatures: In 2022, the Company completed a helicopter-borne Xcite time domain electromagnetic ("TDEM"), magnetic, and radiometric survey. The airborne EM survey detected several conductive anomalies and radiometric variances on the project, which correlate with previous electromagnetic surveys and lake sediment geochemical anomalies, effectively enhancing the resolution of the conductive trends on the project. Additionally, the magnetic survey contributes to definition of potential fault systems and structural trends not previously identified.</li><li>Historical Work: Regional prospecting by historical operators also identified uranium enrichment in basement rocks located east of the Athabasca Basin edge, which support the exploration model for shallow sandstone and basement hosted uranium on the property. The expansion of the project covers a suite of additional historical uranium anomalies, in addition to several more km of the Athabasca Basin edge and prospective regional structural trends.</li><li>Prospectivity Model: Analogous to that of the J-Zone and Roughrider deposits that are located proximal to a similar airborne EM target that has dimensions of roughly 2-km long by 1-km wide. The Ascent EM target is interpreted by the Company to represent a shallow-dipping conductive system and will be the focus of future exploration programs, drawing on the analogy of the J-Zone and Roughrider uranium deposits.</li></ul>Corvo Project - Available for Option<ul style="list-style-type: disc;"><li>Size & Location: The recently expanded project consists of 13 mineral dispositions totalling 12,265 hectares. The Corvo Project is situated 1.5 kilometres outside the current margin of the Athabasca Basin, approximately 50 kilometres southwest of Rabbit Lake mill facilities and 45 kilometres northeast of the Gemini Mineralized Zone.</li><li>Geophysical/Geological Signatures: The Corvo Project expansion effectively doubles the exploration corridor strike length from approximately 14.5 kilometres to 29.3 km along three northeast trending magnetic low/EM conductor corridors. Data compilation by the Company is currently underway to refine target areas for high-grade uranium mineralization within metasedimentary and orthogneissic basement rocks.</li><li>Historical Work: Located just outside the current margin of the Athabasca Basin, Corvo boasts shallow drill targets with bedrock under minimal cover of glacial till. Several outcrop showings of mineralized veins and fractures are present on the Project, notably the Manhattan Showing that returned historical sample results up to 59,800 ppm U at surface and has never been drill tested.</li><li>Prospectivity Model: The Company believes the Corvo Project is highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralization akin to that recently discovered at the Gemini Mineralized Zone.</li><li>Planned 2024 Exploration: The Company plans to complete a project-wide airborne EM survey on the project to increase confidence and resolution of conductive corridors and potential fault offsets across the Project. Acquiring modern high-resolution EM data across all three conductive corridors on the Project will provide a strong base for developing and prioritizing drill targets, establishing a turn-key joint venture opportunity. In addition, the Company is developing a ground truth sampling program which will upgrade target areas for an inaugural drill program and add value to the earn-in opportunity Corvo provides.</li></ul>Rocas Project - Available for Option<ul style="list-style-type: disc;"><li>Size & Location: The Rocas project totals 3,152 hectares across three mineral claims in the southeastern Athabasca Basin region, approximately 75 kilometres southwest of the Key Lake Mine and Mill facilities along Highway 914, and 72 kilometres south of the present-day margin of the Athabasca Basin.</li><li>Geophysical/Geological Signatures: The project covers 5.5 kilometres of a northeast trending magnetic low/EM conductor corridor which hosts several uranium anomalies, including historical mineralized outcrop grab samples along approximately 900 metres of strike length, grading up to 0.50 wt. % U3O8.</li><li>Prospectivity Model: Notably, none of the historical uranium occurrences have been drill-tested to date. Data compilation by the Company has identified multiple target areas for high-grade uranium mineralization within metasedimentary and orthogneissic basement rocks.</li><li>Planned 2024 Exploration: The Company has planned ground-based gravity and resistivity surveys across the project to identify potential zones of hydrothermal alteration associated with uranium bearing fluid movement through major structural corridors. The Project will also benefit from additional surface sampling and geophysical surveys to aid in drill target vectoring.</li></ul>Cable Bay Southwest - Available for Option<ul style="list-style-type: disc;"><li>Size & Location: Two mineral claims totalling 3,158 ha located approximately 18 km south of the present-day margin of the Athabasca Basin.</li><li>Geophysical/Geological Signatures: The project covers 8.6 km of the northeast trending Cable Bay Shear Zone ("CBSZ"), a major structural discontinuity which is host to several uranium occurrences proximate to and along strike of the structural corridor on the property. The CBSZ is characterized by a regional magnetic high corridor flanked by magnetic gradients.</li><li>Historical Work: EM surveys conducted in the late 1970's outlined an EM zone associated with a magnetic low, paralleling the northwestern flank of the CBSZ. The northern claim block covers an apparent left-lateral break in the magnetic high corridor, with the eastern splay of magnetic high tying into the hinge of an interpreted fold structure of metasedimentary rock units on the property.</li><li>Prospectivity Model: The Company believe the project is prospective for basement-hosted mineralization akin to showings along strike to the northeast, and the project has never been drill-tested. The project will benefit from additional surface sampling and geophysical surveys to aid in future drill target generation.</li></ul>Ox Lake - Available for Option<ul style="list-style-type: disc;"><li>Size & Location: The Ox Lake Project consists of one mineral claim totaling 397.5 ha, situated 3 km southeast of the Athabasca Basin margin, 45 kilometres southeast of McArther River Mine, and 19.5 km northeast of the Gemini Mineralized Zone ("GMZ") and the ACKIO uranium discovery.</li><li>Geophysical/Geological Signatures: The project is highlighted by a regional northeast-trending magnetic low/EM corridor that is bisected by a north-south trending Tabbernor-style fault corridor, interpreted to be a regional structural influence on uranium mineralization in the area.</li><li>Prospectivity Model: Results from a nearby drill hole, GKI002, completed by CanAlaska Uranium and Basin Energy on the neighbouring Geikie project in 2023 returned 0.27% U3O8 over 0.5m to the south along strike of the same interpreted Tabbernor fault that transects the Ox Lake property. Additionally, the Ox Lake Allanite Showing, discovered immediately southwest of the property, hosts up to 0.31% U3O8 in drill hole 4-OX-1. Historical geochemical surveys conducted on the project detected elevated uranium, radioactivity, and anomalous radon that are favorably situated proximal to the structural corridor on the property.</li></ul>New Eastside Projects - Available for Option<ul style="list-style-type: disc;"><li>Size & Location: Two new project areas recently acquired via low-cost staking in the eastern Athabasca Basin:<ul style="list-style-type: circle;"><li>3,679 hectares ~25 km west-northwest of McArthur River uranium mine</li><li>1,590 hectares ~35 km west of Cigar Lake uranium mine</li></ul></li><li>Geophysical/Geological Signatures: Both new project areas cover several kilometres of distinct magnetic low and/or EM conductors and regional fault trends, which are two key starting characteristics of uranium-fertile trends in the eastern Athabasca Basin.</li><li>Prospectivity Model: High-grade unconformity uranium deposit targets akin to the McArthur River, Cigar Lake, and Hurricane uranium deposits.</li></ul><a href="https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_003full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_003.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_003.jpg"></a>Figure 2. Overview of the western Athabasca Basin region highlighting Standard Uranium's flagship Davidson River project, projects under option, and available for JV.To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_003full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_003full.jpg</a>Western Athabasca Basin Exploration Highlights & OpportunitiesSun Dog Project - Aero Energy Option (TSXV: AERO)<ul style="list-style-type: disc;"><li>Anomalous Radioactivity at Wishbone: A total of 1,593 metres were completed at Sun Dog across eight drill holes targeting shallow high-grade* basement-hosted uranium mineralization at the Wishbone target area (Figure 2). Intervals of anomalous radioactivity** >300 counts per second ("cps") were intersected in seven of eight drill holes - Geochemical assays still pending.</li><li>Prospectivity Model Confirmed: Elevated radioactivity and increased hydrothermal alteration at Wishbone are largely associated with stacked graphitic structural zones, indicating favorable corridors for fluid movement and uranium deposition across the Project akin to other basement-hosted Athabasca deposits.</li><li>Discovery of Radioactivity: Occurrences of strong to intense radioactivity in outcropping graphitic basement rocks were identified at surface while prospecting at the Wishbone target area:</li></ul><ul><ul><li>Approximately five kilometres of strike length along a regional scale anticline, defined by strong VTEM conductors with associated radioactivity along each fold limb.</li><li>Graphitic pelites have been mapped along both fold limbs, hosting strong radioactivity up to 22,300 cps (RS-125 handheld scintillometer).</li><li>Mineralized cross-cutting faults have been mapped in the overlying rocks which intersect the uranium-bearing graphitic pelite unit.</li><li>Historical outcrop sampling at the northwestern graphitic pelite exposure returned assay results of 0.32% U3O8 and 0.30% Cu (SMDI #2095).</li></ul></ul>Unrealized Potential: The targets tested during the summer 2024 program represent only a small fraction of the dozens on the ground and the Company is working with its option partners to prioritize follow ups for additional geophysics and drill programs to further test these promising areas.Davidson River Project - Flagship ProjectIn 2023, the Company expanded its flagship Davidson River project in the southwest corner of the Basin to cover more than 37,700 hectares. Standard Uranium plans to follow up on prospective drilling results from 2022 and test brand new high-priority targets akin to the neighboring JR Zone discovery within the new southeast claim blocks.<ul style="list-style-type: disc;"><li>The summer 2022 program revealed the best intersections of prospective alteration and structure to date along the Bronco and Thunderbird trends, including wide graphitic structural zones on Bronco and oxidized alteration on Thunderbird, in addition to elevated radioactivity and dravite alteration.</li><li>Planned 2025 drilling will follow up on the most prospective basement structures and alteration zones intersected to date and begin testing new target areas within recently staked claim blocks.</li><li>Data-driven machine learning techniques will contribute to drill targeting at Davidson River through anomaly detection and mapping of EM data, in addition to anomaly matching based on the footprints of known world-class uranium deposits in the area including the Arrow and Triple-R deposits. The machine learning techniques will also be applied to the Company's internal drilling and geochemical databases.</li></ul>Several kilometres of graphitic conductors remain to be tested at Davidson River, with Davidson River still containing massive blue-sky potential for high-grade discovery akin to the Arrow Deposit on the neighbouring Rook I project owned and operated by NexGen Energy Ltd.Harrison Project - Available for Option<ul style="list-style-type: disc;"><li>Size & Location: Two mineral claims totalling 1,750 ha, located 22 km SSE of the Shea Creek uranium deposits and approximately 30 km SE of the past producing Cluff Lake uranium mine.</li><li>Geophysical/Geological Signatures: Electromagnetic ("EM") surveys conducted in 2006-2007 outlined multiple EM zones across the project. Harrison covers approximately 6.8 km of a NW-SE conductor trends coincident with a prominent magnetic low. The trend is crosscut by several interpreted fault zones, including 4.9 km of the major Harrison fault. Prospectivity Model: The project has never been drilled and provides the Company with additional exploration exposure in the southwest Athabasca uranium district. The Company believes the newly acquired Harrison project is prospective for the discovery of high-grade* unconformity-related uranium mineralization.</li></ul>Stock Option and RSU GrantsThe Company also announces that, pursuant to its Omnibus Incentive Plan, it has granted stock options (the "Options") to certain directors, management, and consultants of the Company to purchase an aggregate of 367,500 common shares of the Company at the price of $0.10 per common share until October 31, 2029. Vesting of the stock options shall be as follows: 20% of the Options shall vest immediately, with a further 20% of the Options vesting every three months thereafter.In addition to the Options, the Company has also granted 1,325,000 restricted share units (the "RSUs") to certain directors and senior officers of the Company. The RSUs entitle the holder to receive one common share, the cash equivalent or a combination thereof, on the vesting date of October 31, 2025.*The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be "high-grade".** The Company considers radioactivity readings greater than 300 counts per second (cps) to be "anomalous".***Natural gamma radiation in outcrop reported in this news release was measured in counts per second (cps) using a handheld RS-125 super-spectrometer and a downhole Reflex EZ-Gamma probe. Readers are cautioned that scintillometer and gamma probe readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals.The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a "qualified person" as defined in NI 43-101.Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects.About Standard Uranium (TSXV: STND)We find the fuel to power a clean energy futureStandard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The Company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.Standard Uranium has successfully completed three joint venture earn in partnerships on their Sun Dog, Canary, and Atlantic projects totaling over $23.8M in work commitments over the next three years from 2024-2027.Standard Uranium's Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.Standard Uranium's Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.For further information contact:<div id="contactInfo">Jon Bey, Chief Executive Officer, and Chairman Suite 918, 1030 West Georgia Street Vancouver, British Columbia, V6E 2Y3 Tel: 1 (306) 850-6699 E-mail: <a href="mailto:info@standarduranium.ca">info@standarduranium.ca</a></div>Cautionary Statement Regarding Forward-Looking StatementsThis news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company's exploration programs; and estimates of market conditions. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. 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. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the "Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year ended April 30, 2024.Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. 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, readers should not place undue reliance on forward-looking statements. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/3jYEesqL4z">https://www.newsfilecorp.com/release/228449</a><img src="https://api.newsfilecorp.com/newsinfo/228449/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93631/</link><guid>https://www.acnnewswire.com/press-release/english/93631/</guid><category>Metals & Mining</category><stock_tickers>TSXV:STND, OTCMKTS:STTDF</stock_tickers><summary>Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company")is pleased to provide a summary of work programs on three of it's 100% owned uranium exploration projects currently under option and plans for targeted exploration strategies to continue advancing its uranium portfolio in the Athabasca Basin region, northern Saskatchewan towards discovery.</summary><featuredimage /></item><item><title>Military Metals Enters Definitive Agreement to Acquire European Union Antimony Deposits</title><pubDate>Wed, 30 Oct 2024 20:39:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/MilitaryMetals.jpg" border="0" />Two Antimony and One Tin Project in SlovakiaVancouver, British Columbia--(ACN Newswire - October 30, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "Military") is pleased to announced that it has entered into a definitive agreement with 1509149 B.C. Ltd., a wholly-owned subsidiary of the Company, 1458205 B.C. Ltd. (the "Target"), and the controlling shareholder of the Target pursuant to which the Company will acquire 100% of the issued and outstanding common shares in the capital of the Target (the "Target Shares") by way of a three-cornered amalgamation (the "Amalgamation")."As we acquire this premier antimony project in Slovakia with historical resources, we're taking a transformative step to strengthen Europe's access to essential raw materials. With a well established, rich mineral base, this brownfield site enables us to work towards a reliable domestic antimony supply when Europe faces mounting supply chain pressures," said CEO Scott Eldridge. "This acquisition reflects our commitment to reducing reliance on Chinese imports, ensuring stability for the European market, and empowering the West to drive a more resilient, self-sufficient future for critical materials."About the TargetThe Target owns three brownfield projects in Slovakia. Of the three projects, Trojarova is the most advanced ("Trojarova"). Located in western Slovakia, it potentially hosts one of the European Union's most significant known primary antimony deposits. 63 holes were historically completed into the deposit during the 1980-1900s over a strike length of 1.5 kilometers, along with nearly 1.7 kilometers of underground workings; the deposit hosts historical (non-compliant) antimony and accessory gold resources classified in the Soviet era Russian classification system.Additionally, Military has acquired both a tin and second antimony property in Slovakia. The tin property ("Medvedi-Potok"), likewise features significant historical drilling, underground development, and features a historical (non-compliant) tin resource. The Tiennesgrund antimony property features over two dozen small underground workings along its 10-kilometer length where historical production is reported.Consideration for the acquisition of 100% of the Target Shares comprises 10,000,000 common shares in the capital of the Company (the "Company Shares"), at a deemed issuance price of $0.56 per Company Share, valued at a sum of CAD $5.6 million. The Company will also assume the Target's obligations in respect of its outstanding share purchase warrants, which will provide holders the right to acquire up to 3,499,997 Company Shares at an exercise price of $0.10 per share."The Trojarova antimony project is potentially one of Europe's most significant primary antimony deposits. We've experienced an unprecedented rise in the antimony price increasing from $11,000 USD per tonne, to a current spot of approximately $34,000. Increased trade wars and geopolitical tensions have placed stronger importance on this strategic metal with multiple applications," said CEO Scott Eldridge. "The EU's Critical Raw Materials Act has opened multiple financing sources from local European institutions to foster the development of strategic metals within Europe's boarders."Antimony, a vital component in everything from battery technologies to advanced military applications such as night vision and infrared sensors, is classified as a critical mineral by the United States, Canada, the European Union, and the United Kingdom. Currently, over 90% of global antimony reserves are concentrated in China, Russia, and Tajikistan. Military seeks to target antimony with the goal of contributing to the global antimony supply, and filling a gap that is present in the ability of Western countries to obtain this critical mineral.About the ProjectsDiscovered in the late 1970s, Trojarova was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes for a total of 14,330m, and 1.7km of underground workings completed. Efforts continued over the years as additional trenches were dug and holes were drilled. Starting in 1990, underground development work began ultimately comprising a 300-meter-long adit connected to a 700-plus meter-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multi-volume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, culminating in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992 (the "1992 Report"). Upon completion of the Amalgamation, the Company will move forward to verify this historical estimate by confirmation drilling so that it is able to classify mineral resources at Trojarova as current, in accordance with National Instrument 43-101. The historical estimate at Trojarova was classified using the Slovak version of the newly post-Soviet Russian classification system, which is not directly comparable to or compatible with the western system as defined by the Canadian Institute of Mining, Metallurgy & Petroluem ("CIM Definition Standards for Mineral Resources & Mineral Reserves").The 1992 Report contains a table featuring 10 alternate historical resource estimates, five focused on the antimony component of the mineralized system and five on its gold component, each group of five featuring decreasing tonnage at increasing grade for antimony and gold, respectively:<a href="https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_001full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_001full.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_001full.jpg"></a>Historical alternate resource estimate scenarios for TrojarovaTo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_001full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_001full.jpg</a>The Slovak Geological Institute, the state agency that carried out all exploration and underground development work at Trojárová, classified the resource as "P1" in the Slovak version of the Russian classification system. P1 is closest within the Canadian Institute of Mining, Metallurgy & Petroleum's ("CIM") classification system to "Inferred Mineral Resources," which is defined by the CIM as that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes.Considerable work remains to be completed before it will be possible to classify mineralization documented at Trojarova as current mineral resources. The historical drill logs need to be translated and transcribed into a logging format suitable for resource estimation purposes. All collar locations along with the underground maps need to be digitized and georeferenced. Depending upon the assessed quality and reliability of these data, it will be possible for a resource estimation geologist to determine the extent of confirmation drilling necessary so that mineralization documented at Trojarova can be classified as current mineral resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Military is not treating the historical estimate as current mineral resources or mineral reserves.The Tiennesgrund antimony project, located in eastern Slovakia, comprises a 10-kilometer-long license covering a large, fault/shear-hosted antimony-gold vein system hosting multiple adits and a long artisanal-scale mining history. The nearby Medvedi-Potok property hosts a classic tin vein system in a greisened intrusive; it features underground workings and a historical (non-compliant) resource. Additionally, on completion of the Amalgamation, the Company will inherit a small processing facility in Slovakia owned by the Target. Its inclusion in our strategic narrative underscores our commitment to efficiency and innovation, making it a key differentiator in today's market.With global demand for antimony soaring and critical mineral supply chains becoming increasingly strained geopolitically, Military is seeking to take advantage of a strategic opportunity to acquire an asset that can fill this global demand.<a href="https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_002full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_002.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_002.jpg"></a>Map showing the location of Military's properties in SlovakiaTo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_002full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_002full.jpg</a>The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.<div id="contactInfo">ON BEHALF OF THE BOARD of DIRECTORSFor more information, please contact:Scott Eldridge CEO and Director<a href="mailto:scott@militarymetalscorp.com">scott@militarymetalscorp.com</a>For enquiries, please call 604-722-5381 or 604-537-7556</div>This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the completion of the Amalgamation, as well as future plans for exploration activities, and assumptions related to the continuation of the global demand for antimony. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include meeting the conditions to close the Amalgamation, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both the Amalgamation and any future activities in respect of the properties held by the Target. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at <a href="https://api.newsfilecorp.com/redirect/MA37OTKmrQ">www.sedarplus.ca</a>. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results 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. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/bVymbtOAEL">https://www.newsfilecorp.com/release/228324</a><img src="https://api.newsfilecorp.com/newsinfo/228324/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93616/</link><guid>https://www.acnnewswire.com/press-release/english/93616/</guid><category>Metals & Mining</category><stock_tickers>CNSX:MILI, OTCMKTS:MILIF</stock_tickers><summary /><featuredimage /></item><item><title>Atlas Lithium's Neves Project Is Now Permitted</title><pubDate>Mon, 28 Oct 2024 19:39:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/AtlasLithium.jpg" border="0" />Boca Raton, Florida--(ACN Newswire - October 28, 2024) - <a href="https://api.newsfilecorp.com/redirect/aryKgheAEN">Atlas Lithium Corporation</a> (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that it received the operational permit for its Neves Project from the government of the state of Minas Gerais in Brazil. With this positive decision, Atlas Lithium has all the needed authorizations to assemble and run its processing plant and develop open-pit mining operations at one of its lithium deposits. This marks a crucial milestone in the Company's goal of becoming a lithium producer.On October 25, 2024, a voting board comprised of twelve representatives from the local civil society and government unanimously approved Atlas Lithium's license application for its Neves Project, resulting in the formal issuance of the permit. On October 26, 2024, the permit was formally published in the official gazette of the Minas Gerais government. This outcome follows the technical recommendation for approval issued by the Environmental Foundation of Minas Gerais in September 2024.The permit authorizes Atlas Lithium to assemble and operate its lithium processing plant, to process mined ore from one of its deposits at the facility, and to sell the lithium concentrate that it produces. This key development comes after an extensive technical review process by regulatory agencies that began with the Company's initial permit application on September 1, 2023. The triphasic permit obtained by Atlas Lithium is the most expeditious licensing modality available as it encompasses the initial, the installation, and the operating licenses all within this same issued authorization (known as "LI/LP/LO" in the local regulatory terminology).Marc Fogassa, CEO of Atlas Lithium, commented, "We are thrilled with today's announcement, as permitting is widely considered the most critical risk in any mining project. Atlas Lithium's permit reflects fourteen months of our team's meticulous work throughout the licensing process and showcases our unwavering commitment to developing an environmentally responsible and sustainable operation in Brazil's Lithium Valley - a mineral district which is rapidly establishing itself as a premier location in the global lithium supply chain. This milestone marks a key step for us towards becoming a lithium producer and advances Atlas Lithium into the next phase of our growth trajectory.""We are committed to being a responsible corporate citizen for all our stakeholders. With the news provided today, and as the Neves Project proceeds towards implantation and operation, Atlas Lithium will create hundreds of local jobs in the Vale do Jequitinhonha area of Minas Gerais. Additionally, our lithium processing plant is engineered to possibly achieve the smallest environmental footprint in its class," said Rodrigo Menck, a member of the Board of Directors of the Company.About Atlas Lithium Corporation <a href="https://api.newsfilecorp.com/redirect/2Eb5XcR3Mx">Atlas Lithium Corporation </a>(NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, graphite, and copper. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).Safe Harbor StatementThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium's ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled "Risk Factors" in the Company's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 27, 2024. Please also refer to the Company's other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.<div id="contactInfo">Investor Relations Gary Guyton Vice President, Investor Relations +1 (833) 661-7900 <a href="mailto:gary.guyton@atlas-lithium.com">gary.guyton@atlas-lithium.com</a> <a href="https://api.newsfilecorp.com/redirect/MA3JXIKmW8">https://www.atlas-lithium.com/</a> <a href="https://api.newsfilecorp.com/redirect/bVyEpsOAxr">@Atlas_Lithium</a></div><img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/6706/227991_a3d8276094c928d0_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/3jb3DhqWb5">https://www.newsfilecorp.com/release/227991</a><img src="https://api.newsfilecorp.com/newsinfo/227991/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93548/</link><guid>https://www.acnnewswire.com/press-release/english/93548/</guid><category>Metals & Mining, Daily Finance, Daily News</category><stock_tickers>NASDAQ:ATLX</stock_tickers><summary>Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that it received the operational permit for its Neves Project from the government of the state of Minas Gerais in Brazil.</summary><featuredimage /></item></channel></rss>