Basin Energy (BSN:AU) has announced Scandinavian Exploration Portfolio Acquisition Completed
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Ontario Premier Doug Ford has announced a comprehensive strategy to bolster security along the Canada-US border, emphasizing the province’s role in advancing a renewed strategic alliance dubbed ‘Fortress Am-Can.”
The initiative calls on the federal government to take significant steps to strengthen Canada’s defense capabilities, focusing on addressing shared challenges in border security, Arctic sovereignty and economic stability.
“In an increasingly unstable world, Fortress Am-Can can protect integrated supply chains, ensure our economic stability and growth, and detect and prevent any threat to our two nations,’ Ford said.
‘Ontario is ready and has the strategic capabilities to do our part to get this done.’
The plan highlights the importance of securing key trade corridors, protecting Arctic regions and leveraging innovation to address threats. It also includes recommendations for strengthening Canada’s defense and border infrastructure.
Operation Deterrence and other Canada-US efforts
Recent efforts under Operation Deterrence, a provincial framework designed to enhance border security, have already disrupted cross-border criminal activity. This includes the deployment of 200 specialized officers and collaboration with Canadian and American agencies such as the RCMP and the US Drug Enforcement Administration.
Under Operation Deterrence, which was launched earlier this month, Ontario has intensified its efforts to curb illegal activities at the border, including human trafficking and drug smuggling.
These measures complement ongoing joint initiatives, such as the Ontario provincial police’s Border Drug Interdiction Task Force, which involves collaboration with multiple agencies on both sides of the border.
“Ontario has stepped up at a critical time to support the federal government and international interests; but we need the federal government to also step up with stronger measures that will keep our borders and communities secure,” said Solicitor General Michael Kerzner in the government’s Fortress Am-Can release.
Strengthening trade and innovation
The Fortress Am-Can plan also underscores the increased role of economic collaboration in bolstering security.
Ontario has proposed expanding the Am-Can energy and electricity grid, including nuclear energy, to increase Canadian exports to the US. It also highlights Ontario’s advanced artificial intelligence (AI) capabilities, positioning the province as a leader in using AI to develop autonomous surveillance and detection technologies.
As Canada’s largest economy, Ontario plays a crucial role in cross-border trade and security. In 2023, Ontario’s two-way trade with the US totaled C$493 billion, supporting millions of jobs.
The province is the top export destination for 17 US states and ranks second for 11 others.
Ontario’s leadership in marine transportation also ties into its security goals.
The province has outlined plans to expand its shipbuilding and repair workforce as part of its Great Lakes marine transportation strategy, aiming to enhance capacity for both economic and security purposes.
It also discusses the need for continental collaboration to facilitate the energy transition.
‘To help America decouple from China, we recently announced enhancing and building out the integrated Am-Can energy and electricity grid, including nuclear energy, to encourage more exports of Canadian energy and electricity to the US and by establishing a new Am-Can Critical Mineral Security Alliance that invests in and builds out American and Canadian critical mineral supply chains,’ the Ontario government explains in its statement.
Ford reiterated the urgency of federal support, particularly for defense and cross-border crime prevention.
“Building Fortress Am-Can is our government’s plan for a renewed strategic alliance between America and Canada and demonstrates our responsibility as an essential ally dedicated to protecting our land, air and water,” he added.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Maxim Group LLC, a full-service investment banking, securities and wealth management firm, and M-Vest, a digital community built for issuers, investors, and thought leaders, present the ‘2025 Mining Conference: Mining & Supplying Critical Minerals & Precious Metals’, hosted virtually at m-vest.com on Thursday, January16 th 2024, at 9:00 a.m. E.T.
Tate Sullivan, Senior Research Analyst at Maxim Group, will host virtual conversations with companies to identify future trends in mining and supplying critical minerals and precious metals. We believe the U.S. presidential inauguration on January 20th will start changes in how mining & processing companies supply critical minerals to different countries, including China and the U.S. Also, mining and royalty companies can comment on changes in demand in 2025 for critical minerals and precious metals. Separately, the U.S. Geological Survey included 50 critical minerals on its final list for 2022. The U.S. Department of Energy included 18 critical materials on its final list for 2023. We expect both of these lists to change in the next four years.
This conference will be live on M-Vest. To attend, sign up to become an M-Vest member.
Click here to learn more and reserve your seat
Participating Companies as of 1/15/2025
| Company | Ticker |
| 5E Advanced Materials, Inc. | FEAM |
| American Resources Corp./ReElement | AREC |
| Austin Gold Corp | AUST |
| Caledonia Mining Corp. PLC | CMCL |
| Canada Nickel Company Inc. | TSXV:CNC |
| Contango ORE, Inc. | CTGO |
| CoTec Holdings | TSXV:CTH |
| Dolly Varden Silver Corp. | TSXV:DV |
| EMX Royalty Corp | EMX |
| Gold Royalty Corp | GROY |
| Luca Mining Corp | TSXV:LUCA |
| Nevada Lithium Resources | TSXV:NVLH |
| NioCorp | NB |
| Northern Superior Resources Inc | TSXV:SUP |
| NOVONIX LTD | NVX |
| Perpetua Resources Corp. | PPTA |
| Rock Tech Lithium | TSXV:RCK |
| Stardust Power Inc. | SDST |
| The Metals Company | TMC |
| United States Antimony Corp | UAMY |
| UR-Energy Inc. | URG |
| Vox Royalty Corp | VOXR |
| Western Copper & Gold Corp. | WRN |
About Maxim Group LLC
Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit maximgrp.com
Contact Michael Quintavalla Chief Administrative Officer of Investment Banking 212-895-3500
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Another year, another round of work, investments and costs for mining companies.
As one of the world’s mining industry leaders, Canada is home to a slew of resource companies, from juniors to developers to senior miners. To support their efforts, the country’s federal, provincial and territorial governments have various programs in place — the list below includes five programs that are open for applications, or will be soon.
Read on to learn more about which companies can apply and how much money is up for grabs.
1. Critical Minerals Research, Development and Demonstration Program
Launched by the Canadian government in 2021, the Critical Minerals Research, Development and Demonstration Programprovides funding to support the development of critical minerals value chains.
As its names suggests, it focuses on research, development and demonstration projects.
It was initiated by Natural Resources Canada “to advance commercial readiness of mineral processing technologies, supporting zero-emission vehicle value chains and critical mineral development.”
Funding is processed through two major streams: federal research and development and contribution funding.
As of September 2024, the program supported 14 approved grants (including three recycling projects).
The federal government also disclosed an investment of C$192.1 million for the program, aiming to “advance technologies and processes that enhance the production and processing of critical minerals.”
The latest round of applications is closed, but details regarding application timelines for 2025 are anticipated.
Information on timelines and funded projects are available here.
2. Energy Innovation Program
Managed by Canada’s Office of Energy Research and Development, the Energy Innovation Program was launched in April 2016 to advance clean energy technologies that assist in achieving Canada’s climate targets.
The program supports the transition to a low-carbon economy, with a focus on funding research, development and demonstration projects, as well as other related scientific activities.
Among its main initiatives is the Mining Decarbonization Demonstration Program, which focuses on demonstration activities within Canadian upstream to midstream operations.
Projects must address de-risking and accelerating the adoption of innovative technologies in Canada’s mining sector and advance the commercialization of clean technology solutions to position Canadian innovators as global leaders in mining sector decarbonization. In addition to that, the program aims to foster collaboration between clean technology mining, milling and/or smelting developers and owners and/or operators in Canada.
Applications come in two phases, with the expression of interest (EOI) phase open to all eligible applicants. The second phase, the full project proposal, is for invited applicants only.
The deadline for applications for the EOI phase is January 27. A guide for applicants is available here.
3. Ontario Junior Exploration Program
Designed for junior mining companies in Ontario, the Ontario Junior Exploration Program (OJEP) offers up to C$200,000 per project. It covers up to 50 percent of eligible expenses for early exploration activities in the province.
The program launched in 2021, focusing on assisting companies that explore and develop critical and precious minerals assets. It was previously known as the Junior Exploration Assistance Program, which was introduced in 2015.
“Ontario is home to significant critical minerals deposits, including lithium, cobalt, copper and nickel. We are well positioned to become a global supplier, producer and manufacturer of these minerals, which are important to daily life,” the Ontario government says in its 2024/2025 guide for the program.
“By supporting early exploration for critical minerals through OJEP, Ontario is helping to unlock the province’s vast mineral exploration potential and paving the way for unprecedented growth in our mining sector.”
The program hosts two streams, one for critical minerals projects and another for exploration projects. The current OJEP guidelines indicate an investment of C$13 million, including C$4 million for critical minerals.
Applications for the 2024/2025 are closed, but the 2025/2026 round is expected to open soon.
4. Mining Incentive Program
The Northwest Territories (NWT) also hosts a funding program of its own, with a total budget of C$1.5 million. All levels of exploration, from grassroots to advanced, are eligible for funding.
Called the Mining Incentive Program (MIP), it provides assistance via two programs, namely the Prospector Mining Incentive Program (PMIP) and the Corporate Mining Incentive Program (CMIP).
PMIP is open to prospectors licensed to operate in the NWT, with a maximum of C$25,000 in assistance available.
Meanwhile, CMIP can cover up to 60 percent of eligible project expenses for mineral exploration companies. Explorers may apply for up to C$240,000 in funding.
Eligible expenses for both programs must be incurred from April 1, 2025, to March 31, 2026.
The application deadline for the 2025 MIP cycle is April 30. Guides are available online for the PMIP and CMIP.
5. Mineral Resources Development Fund
In Nova Scotia, companies are able to apply for funding through the Mineral Resources Development Fund (MRDF).
The program was established in 2018 as a replacement for the Nova Scotia Mineral Incentive Program, which operated from 2012 to 2017. Administered by the geoscience and mines branch of the Nova Scotia Department of Energy and Mines, the MRDF aims to promote and increase mineral exploration and development in Nova Scotia.
It features funding streams for grassroots mineral exploration, shared funding, innovation, education and outreach, marketing, post-secondary research and major projects.
Eligible applicants include prospectors, exploration companies, researchers and projects in the mining sector that attract investment and help grow Nova Scotia’s economy.
Various funding streams, including prospecting grants of up to C$40,000, are available.
Applications for three streams — communities, marketing, and education, outreach and engagement — are open year round, from April 1, 2024, to March 2025.
Specific application periods for other streams, such as geochemical and geophysical grants, are announced annually. The recent cycle is no longer accepting applications, but a new round is expected to open in 2025.
Securities Disclosure: I, Gabrielle Luisa de la Cruz, hold no direct investment interest in any company mentioned in this article.
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CleanTech Lithium PLC (AIM: CTL, Frankfurt: T2N), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to announce that the Company’s subsidiary in Chile, Atacama Salt Lakes SpA (‘ASL’), has submitted its main application (the ‘Application’) for a Special Lithium Operation Contract (‘CEOL’) for the Company’s flagship asset, Laguna Verde (the ‘Project’). Laguna Verde is one of six saline systems that the Government of Chile has prioritised for development by the private sector and the CEOL gives the applicant the right to commercially produce lithium from the specified project.
Although contracts are normally awarded after a public tender the Government has announced a simplified procedure whereby an applicant can be awarded a CEOL through direct negotiation if it meets certain criteria. The Company believes that its application for a CEOL at Laguna Verde demonstrates that these criteria have been met and so expects to proceed with direct negotiation with the Government on the terms of the CEOL.
Highlights:
- ASL has submitted the main Application for the CEOL, with additional annexes to be submitted shortly to finalise electronic submission, in compliance with the criteria established by the Ministry of Mining to enter the simplified procedure for the award of a CEOL through direct negotiation.
- This includes the work undertaken on Direct Lithium Extraction (‘DLE’) and the DLE pilot plant in Copiapó culminating in the recently announced production of high-grade lithium carbonate with 99.78% purity.
- The Application addresses the criteria set by the Ministry of Mining which would allow ASL to enter direct negotiations with the Government for the award of a CEOL in 2025:
- ASL holds licences exceeding 80% of the licences in the proposed CEOL polygon area included in the Application
- The Company is a participant in the lithium industry through its lithium exploration and exploitation activities in Chile
- The Company meets the minimum equity requirement and maximum debt/equity ratio on its consolidated balance sheet over the past two accounting periods, and
- Demonstrated community consultation and support – the Application includes letters of support from indigenous community leaders for the award of the CEOL to ASL and for CTL´s approach to develop the Project
- The Application outlines the benefits the Project will bring to Chile with the Company being a leader in deploying a new sustainable lithium production method in the country, along with financial returns to the State and local communities, employment and economic growth in the region, technical development and value adding opportunities
- The Company will maintain an ongoing dialogue with the relevant Government authorities over the coming months with a view to having the Application accepted for direct negotiation by April 2025 and then having the CEOL awarded around mid-year 2025.
Steve Kesler, Executive Chairman, CleanTech Lithium said: ‘We believe that our CEOL application fully complies with the criteria established by the Mining Ministry to enter the simplified procedure and direct negotiation. We think this marks a major step towards advancing sustainable lithium supply from Chile to the global battery and EV market. CleanTech Lithium has undertaken extensive work on the Project over the past 4 years. With the recent announcement of high-grade lithium carbonate production from Laguna Verde brine and with the pre-feasibility study expected to complete end of March, we believe we are extremely well-placed to engage with strategic partners and move the Project forward towards the production of lithium carbonate in a sustainable manner.
‘Finally, I would like to thank the local community leaders who have supported our CEOL application. We believe this reflects the approach we have taken as a Company to work alongside the communities – and local universities – in a collaborative and open manner and this is a key part of our story in the Application.’
Further Details:
As stated in the RNS of 27 September 2024, the Chile Government prioritised six salt flats for lithium development, including Laguna Verde, the Company’s flagship project, as having the most favourable conditions to advance lithium exploration and production. The Ministry of Mining set out certain criteria that companies must meet to enter a simplified procedure and direct negotiation with Government for award of a CEOL rather than through a public tender. The Government will award one CEOL per saline system.
These criteria include:
Demonstrating experience in all or any of the following areas – Exploration in mining, mining exploitation, participation in lithium refining or development of value-added lithium products: In the CEOL application the Company provides details of our work in exploration for lithium in Chile which has led to declaration of a substantial resource at Laguna Verde. The criteria for experience in mining exploitation requires that the applicant have developed or be developing a lithium project with a minimum construction capex of US$100million and with a minimum production capacity of 5,000tpa lithium carbonate equivalent (‘LCE’) and state at which stage of development is the project. CleanTech Lithium is at PFS stage in the development of Laguna Verde having completed a scoping study with production rate of 20,000tpa LCE with an estimated capex at that time of about US$400million. The Company thus meets the experience criteria in exploration in mining and in mining exploitation.
Financial capacity: Each applicant must show it has more than US$30m equity across financial accounts on average over the past two years and a debt-to-equity ratio of a maximum of 1.2. In the CEOL application CleanTech Lithium provides the audited balance sheets and income statements that demonstrate these criteria have been met. Furthermore, the application provides details of how the Company intends to finance the construction of the Laguna Verde project.
Holding mining concessions for exploration and exploitation equivalent to 80% or more of the area of the polygon corresponding to each saline system: In the case of overlapping concessions only the concessions with priority will be counted. The Ministry provided the georeferenced vertices of the polygon for Laguna Verde that the Ministry will use to measure the percentage of mining property required to access the simplified procedure. However, this polygon has a referential nature for the purpose of determining the area over which the CEOL will be granted and can be modified by virtue of an indigenous consultation process and the agreements reached by the Ministry and the applicant company. Within the CEOL application CleanTech Lithium has submitted a proposed polygon in which ASL has over 80% of the exploration and exploitation licences with priority. As further support, three of the indigenous communities have provided letters to the Ministry supporting CleanTech Lithium´s application including the proposed polygon for the CEOL area.
Indigenous consultations: The Government stated that it would undertake consultation with indigenous communities potentially affected by development of lithium projects on each of the six prioritised salt flats. This consultation process commenced in October 2024 and was expected to take 6-8 months. If the Government and applicant reach agreement on the CEOL, it would be signed once the indigenous consultation is completed and would incorporate any agreements reached during the consultation process. CleanTech Lithium has a close working relationship with local indigenous communities and in December 2023 signed an alliance agreement with three of those communities. The CleanTech Lithium application includes details of our robust plans to collaborate and form lasting partnerships with indigenous groups and communities directly affected by project operations and includes letters of support from the communities of the alliance agreement.
CleanTech Lithium believes it is fully compliant with these criteria to enter the simplified procedure. The Board’s track record with successfully developing and operating commercial mining projects, the Company’s commitment to sustainable production through use of DLE and renewable energy and establishing partnerships with local communities position the Company in a very strong position to be granted the CEOL for Laguna Verde.
CEOL Award Mechanism – The simplified procedure
Submission of applications close on 31 January 2025. The Ministry IT and legal departments then have 5 business days to register and organise the submittal. The Ministry´s Lithium and Salar Unit then has 45 business days to review and analyse the request. Once this analysis is completed and the Lithium and Salar Unit verifies that all the information and documents needed to enter the simplified procedure have been submitted then an administrative act to accept the application will be prepared. This timetable indicates that, provided all information in the Company application is accepted, then CleanTech Lithium will enter direct negotiation on the CEOL with the Ministry by mid-April 2025.
Following acceptance of the submittal, a preliminary CEOL draft will be sent to the applicant and the Lithium and Salar Unit has 60 business days to negotiate a final CEOL and issue its opinion on the advisability of entering a CEOL with the applicant. If approved a Supreme Decree awarding the CEOL will be drafted. This timetable indicates that the CEOL should be awarded in July 2025.
The CEOL process is a critical step in fulfilling the Government’s vision of making Chile a leader in sustainable lithium production. The awarding of a CEOL to CleanTech Lithium will support the global energy transition while protecting local ecosystems and advancing community development. CleanTech Lithium shares this vision and remains committed to playing an integral role in realising Chile’s National Lithium Strategy.
For more information, visit the Ministry of Mining’s website at www.minmineria.cl or explore the government’s lithium strategy updates at Hacienda Chile.
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For further information contact: |
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CleanTech Lithium PLC |
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Steve Kesler/Gordon Stein/Nick Baxter |
Jersey office: +44 (0) 1534 668 321 Chile office: +56 9 312 00081 |
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Or via Celicourt |
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Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani |
+44 (0) 20 7770 6424 cleantech@celicourt.uk |
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Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak |
+44 (0) 20 7628 3396 |
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Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies |
+44 (0) 20 3884 8450 daniel@fox-davies.com |
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Canaccord Genuity (Joint Broker) James Asensio |
+44 (0) 20 7523 4680 |
Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.
CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com
Click here for the full release
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Falco Resources Ltd. (TSX.V: FPC) (‘ Falco ‘ or the ‘ Company ‘) acknowledges the press release issued by the Rouyn-Noranda Chamber of Commerce and Industry (‘ CCIRN ‘) entitled ‘ BAPE Report The Horne 5 Project: A Lever for the Local Economy and a Commitment to the Community ‘ and thanks the CCIRN for its support.
After reviewing the BAPE report, the CCIRN indicates that, although challenges have been raised, it sees the Horne 5 Project as an exceptional opportunity for Rouyn-Noranda and the Abitibi-Témiscamingue region. The CCIRN is encouraged by Falco’s efforts to meet community expectations and maximize local economic impacts. The CCIRN adds that by working together, we can make this project an engine of economic growth and sustainable development that will benefit everyone.
The press release refers in particular to (i) the major economic and social benefits from the Horne 5 Project, (ii) Falco’s commitment to transparency and security, (iii) the fact that the Horne 5 Project is a promising project for regional expertise in Rouyn-Noranda and Abitibi Témiscamingue, and (iv) Falco’s vision of sustainable and inclusive development that will allow the community to fully benefit from the advantages of the Project, while ensuring responsible management of social and environmental impacts. The CCIRN press release is available at the following link: CCIRN PRESS RELEASE
Falco is actively continuing its discussions with its experts and stakeholders in order to carry out a project that will meet environmental and social expectations.
About Falco Resources
Falco is one of the largest mineral claim holders in the province of Quebec, with an extensive portfolio of properties in the Abitibi-Témiscamingue greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the camp as a whole and includes 13 former gold and base metal mining sites. Falco’s main asset is the Horne 5 project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder, with a 16% interest in the Company.
For more information, please contact:
Hélène Cartier
Vice-President, Environment, Sustainable Development and Community Relations
514-216-8611
hcartier@falcores.com
Luc Lessard
President and Chief Executive Officer, Falco Resources
514-261-3336
info@falcores.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together, ‘ forward-looking statements ‘) within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Often, but not always, forward-looking statements can be identified by words such as ‘plans’, ‘expects’, ‘seeks’, ‘may’, ‘should’, ‘could’, ‘will’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Without limiting the generality of the foregoing statements, the Corporation obtaining all required governmental and regulatory approvals, the benefits of the Horne 5 Project for the local community and the completion of a project that will meet environmental and social expectations are forward-looking statements. Forward- looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual plans, results, performance or achievements of Falco to differ materially from any future plans, results, performance or achievements expressed or implied by the forward-looking statements. These risk and uncertainties include, but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although Falco believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, Falco disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) (‘Forum’ or the ‘Company’) announces that, further to its news release of December 16, 2024, it has increased its non-brokered private placement to $1,350,000 from the previously $1,250,000 through the issuance of a combination of shares (the ‘Shares’) at a price of $0.08 per Share and flow through units (the ‘FT Units’) at a price of $0.10 per FT Unit (the ‘Offering’). All aspects of the Offering remain as disclosed in the December 16th news release.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. ‘United States’ and ‘U.S. person’ have the respective meanings assigned in Regulation S under the U.S Securities Act.
About Forum Energy Metals
Forum Energy Metals Corp.(TSXV: FMC) (OTCQB: FDCFF) is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. For further information: https://www.forumenergymetals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Forum’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related to the historical data, the work expenditure commitments; the ability to raise sufficient capital to fund future exploration or development programs; changes in economic conditions or financial markets; changes commodity prices, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain permits required in connection with maintaining or advancing its exploration projects.
For further information contact:
Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 604-630-1585
Not for distribution to United States Newswire Services or for dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237277
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Prismo Metals (CSE: PRIZ) (OTCQB: PMOMF) would like to cordially invite you to visit us at Booth #704 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 – Monday January 20, 2025.
The Vancouver Resource Investment Conference 2025 will feature over 120 expert speakers, including globally respected economists, legendary money managers, and investors.
This year’s conference promises an array of exceptional opportunities, including exclusive keynote sessions featuring 120 renowned speakers, unparalleled networking with over 5,000 industry professionals and investors, and interactive exhibits showcasing groundbreaking innovations across the resource sector. Attendees will gain invaluable insights into the commodities landscape, exploring emerging trends in precious metals, energy, critical minerals, and beyond.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.
We look forward to seeing you there.
About the Vancouver Resource Investment Conference:
The Vancouver Resource Investment Conference has been the epicenter of junior mining investment in Canada for 25 years and attracts over 5000 mining investors annually. Previous years have been attended by former Prime Minister Stephen Harper and former President of Mexico Felipe Calderon.
The VRIC will include a marketplace of over 300 investment opportunities in the mining industry, spanning early-stage exploration to advanced producing mines.
For further information:
Jason Frame
Manager of Communications
5872252599
jason.frame@prismometals.com
https://prismometals.com/
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Cizzle Brands (CBOE:CZZL) is a sports nutrition company driving transformative change within the health and wellness industry. The company commenced trading on CBOE Canada on December 30, 2024, marking a significant milestone in its growth trajectory.
Cizzle Brands leverages deep-rooted connections in the professional sports sector by collaborating with elite athletes to trial and refine health and wellness products to ensure optimal performance, while still being appropriate for athletes of all ages. The CWENCH Hydration products underscore its commitment to premium-quality offerings.
Through Cizzle’s broad-based grassroots programs, more than 12,000 youth athletes across North America are sponsored by Cizzle, featuring CWENCH logos on their helmets, jerseys and water bottles.
Company Highlights
- Cizzle is dedicated to driving transformative change in the health and wellness industry by offering premium, clean-label sports nutrition products.
- The companycollaborates with elite athletes and professional sports teams to trial and refine its product offerings, ensuring optimal performance.
- Its flagship brand – CWENCH Hydration – is one of the fastest-growing hydration products in the world, with endorsements from top athletes like Nathan MacKinnon and Andrew Wiggins, as well as up-and-coming superstars Gavin McKenna and Chloe Primerano. Wiggins is also a significant investor in the business.
- The company generated $5 million dollars in net sales in its first 6 months of operations with a gross margin of 60% and is projected to generate net sales of $13 to $15 million in its first fiscal year.
- Driven by a well-defined growth strategy, the company is expanding distribution through major retailers, international market entry, and potential strategic acquisitions to drive revenue growth and market penetration.
- Cizzle’s executive team has extensive experience in CPG, brand building and public markets, including former executives of BioSteel and DreamWater.
This Cizzle Brand Corporation profile is part of a paid investor education campaign.*
Click here to connect with Cizzle Brand (CBOE:CZZL) to receive an Investor Presentation
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(TheNewswire)
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Brossard, Quebec TheNewswire – January 15, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce that it has received confirmation from Hydro-Quebec that the Company’s Sorel-Tracy flagship project will be officially connected to the grid on or before March 4 th 2025.
This new and important engineering milestone guarantees clean energy sourcing for CHARBONE’s Sorel-Tracy flagship project to commence green hydrogen production.
‘ It has been a long journey to get to this point, but our time has come , ‘ said Daniel Charette, COO of CHARBONE, ‘ Our sincere thanks to the Hydro-Quebec engineering and development departments for their extraordinary collaboration, trust in our project and hard work to get all the internal and external approvals in place to make this project a reality. We are fortunate to have top-notch engineering talent working with a group of dedicated contractors to make this all possible, and this launch will be the first of many to come across North America. ‘
CHARBONE team would like also to announce the nomination and congratulate CHARBONE’s Chief Operation Officer, Mr. Daniel Charette, as the new President of Hydrogen Quebec Association as of January 1 st , 2025, which regroup over 50 members which are involved in equipment manufacturing, production and distribution of hydrogen. We know that Daniel is a leader and will continue to work hard to promote the hydrogen place in Quebec and in Canada, we are wishing him all the best in this position, the CHARBONE team is behind him!
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com
Forward-Looking Statements
This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
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Contacts Charbone Hydrogen Corporation |
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Dave B. Gagnon |
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Chief Executive Officer and Chairperson of the Board |
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Charbone Hydrogen Corporation |
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Telephone: |
+1 438 844-7170 |
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Email: |
dg@charbone.com |
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Daniel Charette |
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Chief Operating Officer |
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Charbone Hydrogen Corporation |
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Telephone: |
+1 438 800-4946 |
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Email: |
dc@charbone.com |
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Benoit Veilleux |
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Chief Financial Officer and Corporate Secretary |
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Charbone Hydrogen Corporation |
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Telephone: |
+1 438 800-4991 |
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Email: |
bv@charbone.com |
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News Provided by TheNewsWire via QuoteMedia
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