Wednesday, July 16, 2014

Lomiko Metals discovers 23 new high grade graphite sites at Quatre Milles

Lomiko Metals Inc.Lomiko Metals Inc.

TSX VENTURE : LMR
PINKSHEETS : LMRMF
FRANKFURT : DH8B



July, 2014

Lomiko Announces Discovery of 23 New High Priority Magnetic Anomalies at Quatre Milles Flake Graphite Property



VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 14, 2014) - LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (the "Company") reports Consul-Teck of Val-d'Or and consulting firm Dubé & Desaulniers conducted a combined Magnetic and Very Low Frequency Electro-Magnetic (VLF-EM) survey on the West Block of the Quatre Milles Project for a total of 209.6 linear km. The survey is part of an extensive and comprehensive exploration plan at Quatre Milles for the 2014 season.

The goal of the program is to identify high grade, near surface graphite mineralization suitable for conversion to battery-grade graphite. The graphite industry could see exponential growth based on new demand for lithium-ion batteries which use 10 to 15 times as much graphite as lithium.

Telsa Motor Cars announced, "As we at Tesla reach for our goal of producing a mass market electric car in approximately three years, we have an opportunity to leverage our projected demand for lithium ion batteries to reduce their cost faster than previously thought possible."

Lomiko is also an investor in Graphene 3D Lab as of November 22, 2013 which aims to pioneer the manufacturing of electronic devices using graphene 3D printing filament and graphene printers. Currently, there are 11,000 patented or patent-pending graphene technologies which will require graphene material.

Large companies such as General Electric, Lockheed-Martin and Samsung have confirmed their interest in Graphene uses. The graphite industry may see increased demand as a base material for the production of graphene. Lomiko will be able to participate in this new demand due to initial test results September 17, 2013 indicating graphite from Quatre Milles was converted to graphene oxide.

Previously reported drill results at Quatre Milles indicate extensive mineralization in the region. The Quatre Milles Project NI 43-101 Technical Report with all Phase I and historical drill hole results is available on the Lomiko web site. On March 13, 2014, Lomiko closed a financing for $ 5.5 million for the purposes of advancing the Quatre Milles Property and investing in technology.

In total, 88 VLF-EM conductors axis were identified. Of those, 23 new conductors are prioritized for further review. Conductors that are associated to magnetic anomalies are likely caused by pyrrhotite rich sulphide occurrences. However, most of the conductors do not show correlation with the magnetic signal and the strongest VLF-EM anomalies are thus possibly caused by graphite mineralization.

Lomiko will initially investigate the outlined anomalies by basic prospecting methods and follow-up with drilling at identified graphite zones. Strong magnetic anomalies that are not responding to the VLF-EM method also deserve further investigation. Sources identified as promising for mineralization discoveries could then be the object of resistivity/IP surveys that can be efficiently used to penetrate the ground at further depth and better image the geometry of conductive and chargeable sources.
Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

On Behalf of the Board
A. Paul Gill, Chief Executive Officer
We seek safe harbor. 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.

Contact Information

Thursday, June 26, 2014

Focus Graphite - full steam ahead for Lac Knife Project

Focus Graphite Inc.Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC




June 25, 2014 11:10 ET

Focus Graphite's Lac Knife Project's Benchmark Feasibility Study Reports


Highlights: $383 Million NPV; 30.1% IRR; Operating Costs of $441 Per Tonne

OTTAWA, ONTARIO--(Marketwired - June 25, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is pleased to report the results of its Feasibility Study ("FS") for the Lac Knife Project performed by Met-Chem Canada Inc.
The study was based on a 25-year mine life that produced a Pre-tax Net Present Value ("NPV") of $383 million calculated at a discounted cash flow ("DCF") rate of 8% Pre-tax, the financial model has an Internal Rate of Return ("IRR") of 30.1% and a capital payback period of 3.0 years.
The after tax financial model has an NPV of $224 million calculated at a DCF rate of 8%, and with an IRR of 24.1% and a capital payback of 3.2 years. A National Instrument 43-101 technical FS report will be filed on SEDAR within 45 days of this news release.
"Lac Knife is a remarkable property by any Canadian or international standard," Gary Economo, Focus' Chief Executive Officer said. "As we have already demonstrated, Lac Knife provides us, and our shareholders, with a significant advantage. And that is: The ability to meet our customers' needs for quality products at competitive prices."
Don Baxter, Focus's President and COO said: "We are very pleased to have reached this significant milestone in the development of the Lac Knife Project. With the Feasibility Study in hand, an offtake with an end-user signed as well as battery tested spherical graphite, Focus has positioned itself as a leader in the graphite space, with no other company having reached this level of development."
Table 1
Lac Knife Feasibility Results (Pre-Tax) Base Case 2016 Forecast Units
Average Price / Tonne of Concentrate: $1,713 $2,256 US$
Internal Rate of Return (IRR) 30.1 41.8 %
Net Present Value @ 6% Discounted Cash Flow 510 809 $ million
Net Present Value @ 8% Discounted Cash Flow 383 624 $ million
Net Present Value @ 10% Discounted Cash Flow 291 488 $ million
Payback Period 3.0 2.1 Years
Lac Knife Feasibility Results (After-Tax) Base Case 2016 Forecast Units
Internal Rate of Return (IRR) 24.1 32.8 %
Net Present Value @ 6% Discounted Cash Flow 304 476 $ million
Net Present Value @ 8% Discounted Cash Flow 224 364 $ million
Net Present Value @ 10% Discounted Cash Flow 165 280 $ million
Payback Period 3.2 2.4 Years
All monetary values are in Canadian Dollars ("CDN") except where specified otherwise
Results from the FS indicate that the Lac Knife Project is viable economically with a Base Case scenario that includes a concentrator production line rate of 44,300 tonnes of concentrate annually at an average mill feed rate of 323,670 tonnes per year of Mineral Reserves over a 25-year mine life. A concentrator availability of 93% was used for the study. The additional Measured, Indicated, and Inferred Resources will continue to be evaluated to develop the mid and long term growth profile for the Company.
Highlights:
  • Reduced operating costs from $458 per tonne of concentrate to $441 per tonne within close range of the Updated PEA study released November 7th, 2013.
  • Mining costs are 126.95 $/t of concentrate ($17.85 per tonne of ore) with the major component associated contract mining costs. Contract mining versus lower cost owner mining can be revisited with further evaluation of mine equipment leasing and associated owner's costs.
  • Processing costs for the concentrator are, on average over the life of mine $239.37 per tonne of concentrate produced, based on yearly average processing costs of $33.66 per tonne of ore processed. The low cost hydroelectric power supplied by Hydro Quebec contributes to overall low production costs.
  • Detailed engineering is planned to start in 2014 and further analysis of each of these cost components will continue during the detailed engineering stage.
  • Life of Mine Plan resulted in an overall average strip ratio of 1.8 to 1 for 25 years.
  • Average prices used in the financial model do not include value added products that can be produced using the typically lower valued finer natural flake graphite. These finer graphite concentrates can be further processed into value added products for the Lithium Ion battery market because of their high carbon content of 98% carbon and realize a higher margin for a reasonable capital investment and operating cost over and above those outlined in this release. Based on these results it has become an important objective to outline the scope of this secondary transformation project for electrifying transportation and for use by other lithium battery end users.
Today, the prices for the Lac Knife graphite concentrates average US$1,713 per tonne based on the size distribution and high carbon grade. Also included in the table above are the results using forecasted prices for 2016 where the average price for the same concentrates is estimated to increase to US$2,256 per tonne. These prices are estimated by Industrial Minerals Data of the UK, who are recognized in this field as an independent source of accurate, detailed information for the natural flake graphite market.
Met-Chem's financial model does not include potential value-added, purified, spheronized, and coated battery-grade graphite in its financial and operational calculations.
The exchange rate used is $0.91 US Dollars per Canadian Dollar. Table 1 provides the Net Present Values calculated at various discounted cash flow rates for the Base Case production scenario of 44,300 tonnes of graphite concentrate produced annually. The financial analysis in the FS study used the 24 month price of US$1,713 per tonne that is a weighted average for the various graphite concentrates that are classified by flake size and also valued by their carbon content.
The annual milling capacity is 323,670 tonnes per year to produce 44,300 tonnes of concentrate annually at a cost of $441 per tonne of concentrate. The concentrate will grade 97.8% Graphitic Carbon ("Cg") on average for a 25-year open pit mine life based on current open pit reserves. All graphite concentrate produced with flakes larger than 200 mesh contain more than 98% Cg.
The FS is based on the Pilot Plant test work run by SGS Mineral Services in Lakefield, Ontario, during the spring of 2013 and announced in a news release on August 21st, 2013. The concentrator process flow sheet is based on standard flotation circuits followed by a series of polishing mills that upgrade the carbon content by cleaning impurities present in the ore that are generally found on the graphitic carbon flake surfaces of the Lac Knife mineralization. Pilot Plant recovery was 91%, full scale, consistent operations should improve on the mill process recovery. Flake size distribution is expected to increase in favour of larger flake as the full scale plant will start with a SAG mill which is better suited to mitigate flake damage as opposed to crushing and grinding methods used in the pilot plant.
Lac Knife is unique in that all natural flake graphitic concentrates produced with flake size above 200 mesh (75 microns) size are more than 98% Cg. This allows Focus to divert finer sized products that would typically be difficult to sell due their flake size to higher value added products such as spherical graphite for batteries due to the high carbon content of 98% carbon (See "Lithium Battery Coin Cell Test Results" below).
Proven and Probable Mineral Reserves:
The open pit design includes 429 kt of Proven Reserves and 7,428 kt of Probable Reserves for a total of 7,857 kt of Proven and Probable Mineral Reserves grading 15.13% Cg. The Mineral Reserves which account for mining dilution and ore loss are reported at a cut-off grade of 3.1% Cg. In order to access these reserves, 2,746 kt of overburden, 10,926 kt of waste rock and 231 kt of Inferred Mineral Resources must be mined. This total waste quantity of 13,903 kt results in a stripping ratio of 1.8 to 1. Table 2 presents the Lac Knife open pit mineral reserves that were estimated for the FS. The remaining Measured and Indicated Resources within the Lac Knife deposit will help to develop the mid and long-term growth profile for the company (See Table 5 for MRE).
Table 2
Lac Knife Open Pit Mineral Reserves
Category Tonnage (kt) Cg Grade (%)
Proven 429 23.61
Probable 7,428 14.64
Proven and Probable 7,857 15.13
A pit optimization analysis was carried out using the MS-Economic Planner module of MineSight® which ran the Lerchs-Grossmann algorithm to determine the economic limits of the deposit. The analysis showed that the open pit design for the Feasibility Study should be based on a 25-year mine life that includes approximately 82% of the Measured and Indicated Mineral Resources.
The open pit design incorporates 10 m high benches and follows the pit slope recommendations from the 2014 geotechnical investigation. The pit is 700 m long and 400 m wide at surface and has a maximum pit depth of 100 m.
Mining will be carried out by a mining contractor who will use conventional open pit mining methods that include drilling and blasting followed by a hydraulic excavator loading a fleet of 46-tonne haul trucks. The mine will be operated seasonally (7 months of the year) and a front-end wheel loader will be used to feed the processing plant from an ore stockpile during the winter months.
The study was conducted with engineering and estimation methods appropriate to target an estimate accuracy of 15% that is standard and realistic for capital and operating cost estimates in a Feasibility Study. Based on an extensive risk review exercise the contingency is 11.5%. The Capital Expenditures in Table 3 outline what is needed to construct the mine, processing plant, power line and all associated infrastructure that is estimated at a total of $165.55 million.
Table 3
Lac Knife Capital Expenditure - Cost Centers CDN$ millions
Mine equipment, infrastructure, and pre-stripping 4.21
Infrastructure 11.62
Primary Crushing 7.02
Concentrator 62.24
Environmental and Tailings Management 8.22
Additional Infrastructure 15.4
Indirect Costs 39.77
Contingency (11.5%) 17.07
Sub Total 165.55
The company is currently in discussion with vendors to define financing packages for equipment. This will result in a reduced up front capital and add to the basket of financing options currently being investigated. Another financing option currently under due diligence is Supply Chain Financing ("SCF") based on an offtake agreement signed in December 2013 for a minimum of 50% of Lac Knife's production. SCF is a non-dilutive alternative to equity financing and is not as encumbering as traditional debt, or royalty financing. Future off-take agreements will contain a financial component as well.
This project-financing alternative could include equity and low interest debt as well as a signing bonus to execute an offtake agreement. These options have the potential to enhance future project economic metrics, and the company continues to discuss with several interested parties on various options.
Table 4
Lac Knife Operating Expenditures (25 year average) Cost Centers $/Tonne of Concentrate
Mining 126.95
Processing Costs (Concentrator) 239.37
General Administration Mine Site 74.70
Total Operating Costs 441.02
The operating costs per tonne of concentrate produced are $441 (See Table 4 below). This is an improvement over the updated Preliminary Economic Assessment (PEA) that showed $458 per tonne of concentrate produced. One key variable to low production costs is Lac Knife's project location giving relatively easy access to low cost hydroelectric power from Hydro Quebec at the intersection of the access road and Provincial Highway 389.
Permitting is well underway with the ESIA to be submitted by the end of the summer and the Mine Closure Plan is planned for submission mid-summer. Focus continues to communicate, meet, and listen to local communities and will be increasing these efforts now that the feasibility is completed and the impacts are known.
The National Instrument 43-101 ("NI 43-101") MRE was performed by Pierre Desautels of AGP Inc. and was announced January 28th. It increased the Measured and Indicated Resources by 92% for the Lac Knife Deposit. The MRE is based on both the 2012 and 2013 additional exploration and definition drilling programs for a total of 92 holes, and 9,103 meters that successfully achieved the designed goal to upgrade the quality of existing Indicated and Inferred Resources to the Measured and Indicated Resource categories. This is in addition to 105 previous drill holes that totaled 9,217 meters.
Measured and Indicated Resources are estimated at 9.6 million tonnes grading 14.77% at a 3% Cg cut-off grade. Additionally there are 3.1 million tonnes of Inferred Resources at 13.25 % Cg using a 3% cut-off in this updated resource estimate presented in Table 5.
Table 5
Lac Knife Mineral Resource Estimate Categories Tonnage (t) Cg (%) In situ Graphite(t)
Measured 432,000 23.66 102,000
Indicated 9,144,000 14.35 1,312,000
Measured + Indicated 9,576,000 14.77 1,414,000
Inferred 3,102,000 13.25 411,000
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. (See Table 2 above for Reserves).
Lithium Battery Coin Cell Test Results
On May 27th, Focus Graphite announced it "Succeeded in Producing Extremely High-Performing Coated Spherical Graphite for Lithium Ion Batteries". The results from coin cell performance testing performed on Lac Knife Spherical Graphite ("SPG") produced outstanding performance metric results. The benchmark products have a typical irreversible capacity loss ("ICL") of 6-10% ICL. Lac Knife SPG showed two ICL test results measuring 1.01% and 1.44%, truly remarkable results. Essentially these battery performance tests illustrated that the Irreversible Capacity Loss ("ICL") was reduced by 75% compared to the benchmark products available in the market today.
These tests confirm Focus' capability to tailor lithium ion battery anode grade SPG and value added products to meet the most stringent customer specifications
Lac Knife anode SPG is unique in having such a low ICL performance metric, this could be attributed to the unique properties of the Lac Knife high carbon content concentrate that grades 98% C, even in the finer flake size concentrate products down to 200 mesh (75 microns) that are usually the most difficult products to sell. This holds the potential to allow Focus market access to significantly higher margin value added products with a finer grade lower cost product creating a unique opportunity.
"Commercially and competitively, these results open the door for Focus to confidently accelerate our plans to market and sell our battery grade, high margin products to potential partners and customers," said Mr. Baxter.
Qualified Persons
The technical information within this news release was approved by Project Leader Mary- Jean Buchanan Eng., and Jeffrey Cassoff Eng., Lead Mining Engineer, and Ewald Pengel P. Eng., Senior Metallurgist, who was responsible for concentrator design, all from Met-Chem Canada Inc., and all individuals that are Qualified Persons under NI 43-101 guidelines and all independent of the issuer. Pierre Desautels P.Geo. of AGP Inc. completed the NI 43-101 Mineral Resource Estimate report and is also independent of the issuer.
The technical information in this news release was prepared by Mr. Don Baxter, P. Eng., Focus President & Chief Operating Officer, a Qualified Person as defined by NI 43-101 guidelines, who has reviewed and approved the technical content of this news release.
About Focus Graphite
Focus Graphite Inc. is an emerging mining development company with an objective to produce value added products initially for the lithium ion battery market from the Lac Knife graphite deposit located south west of Fermont, Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated Mineral Resource Estimate* of 9.6 million tonnes grading 14.77% graphitic carbon (Cg) as natural flake graphite with an additional Inferred Mineral Resource Estimate* of 3.1 million tonnes grading 13.25% Cg. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. The feasibility study results released on June 25th, 2014 for the Lac Knife Project indicated that the project is economically viable and has the potential to become a low cost graphite producer based on 7.86 million tonnes of Proven and Probable Reserves grading 15.13 Cg. On May 27, 2014 the Company announced the Potential for High Value Added Sales in the Li-Ion Battery Sector following battery coin cell tests performed on Lac Knife Spherical Graphite ("SPG"). Testing measured the performance metrics and confirmed Focus' capability to tailor lithium ion battery anode grade graphite and value added products to meet the most stringent customer specifications. This is a result of being a technology-oriented enterprise having a vision of building long-term, sustainable shareholder value. Focus also invests in the development of graphene applications and patents through Grafoid Inc.
* Mineral resources are not mineral reserves and do not have demonstrated economic viability
About Met-Chem Canada, Inc.
Met-Chem is an internationally renowned consulting engineering firm established in 1969 to provide all phases of geology, mining, mineral processing and engineering services throughout the world. From its headquarters in Montreal, Met-Chem offers the mining industry professional expertise that covers scoping, pre-feasibility and feasibility studies, basic and detailed engineering, procurement and construction management, training, start-up, commissioning and operations assistance.
About Industrial Minerals-DATA
Industrial Minerals ("IM") Data-Graphite is a dedicated pricing and analysis service for the natural graphite market. Tracking over 40 different grades from around the world, IM Data's pricing database supplies up-to-date information which allows for tracking both current and historical trends as far back as 1988. Their analysts, based in London and Shanghai, collect information directly from the industry, providing exclusive insight and market intelligence. With up-to-date pricing data, market analysis and commentary, IM Data Graphite is the only independent source of accurate, detailed and independent information for the natural graphite market.
Forward Looking Statement
This news release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or 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 is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operation of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management.
Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the 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 forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this news release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Contact Information


Focus Graphite Inc.
Mr. Don Baxter, P.Eng
President and Chief Operating Officer
705-789-9706
dbaxter@focusgraphite.com
www.focusgraphite.com

Friday, June 13, 2014

Lithium Carbonate 99.9% pure at RB Energy's production site

RB Energy Inc.RB Energy Inc.

TSX : RBI
OTCQX : RBEIF

June, 2014

RB Energy Confirms Continuous Lithium Carbonate Production



VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2014) - RB Energy Inc. (the "Company" or "RBI" or "RB Energy") (TSX:RBI)(OTCQX:RBEIF) is pleased to confirm that it has achieved continuous production of battery grade lithium carbonate (99.9% Li2CO3) at its 100% owned Quebec Lithium operation located at La Corne, Quebec.

An initial shipment of finished product to our principal offtake partner, Tewoo, was scheduled for the beginning of this week. However, after further discussions with Tewoo it has been decided to delay the commencement of sales shipments until lithium carbonate production has reached 55 metric tonnes per week to confirm product quality consistency and to maximize shipping efficiencies. Accordingly, our efforts remain focused on continuing the commissioning process towards achieving this production level. In the meantime, shipments of larger samples to Tewoo and other customers continue on a regular basis.

Quebec Lithium remains on track to achieve commercial production levels by the end of the 3rd Quarter and "name plate" production (20,000 tonnes per annum) by the end of 2014.

Commenting on product shipment scheduling, Richard Clark, Pres. and CEO, stated:
"We are very excited to have achieved continuous production of high grade battery product at Quebec Lithium. We are now focused on increasing production levels, firstly towards meeting the initial shipping volumes required by our offtake partner Tewoo, secondly to reach commercial production levels and finally, to realize the design production threshold of 20,000 tonnes per annum. The commissioning process is on schedule and we will continue to keep the market updated with regular progress reports."

RBI currently owns Aguas Blancas, a producing iodine mine in northern Chile, and Quebec Lithium near La Corne, Quebec. The Aguas Blancas operation is in production. The Quebec Lithium operation has completed construction and is in the commissioning phase. For more information regarding RBI, please refer to its public filings available at www.sedar.com.

The technical contents of this release have been reviewed by Mr. Kevin Ross, Eur. Ing., a Qualified Person pursuant to NI-43-101. Mr. Ross is Chief Operating Officer of the Company and a Member of The Institute of Materials, Minerals and Mining.

Forward-Looking Statements
Certain information contained in this news release, including any information relating to the state of the lithium and iodine industries; statements regarding our ability and the timing to achieve and sustain commercial production and name-plate production levels of iodine; our ability to secure commercial orders from our customers; and our ability to become a material player in the lithium market are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of RBI. These forward-looking statements also reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RBI underlying the forward-looking statements in this news release may prove to be incorrect. Assumptions upon which such forward looking information include, among other things, successful and timely commissioning, ramp-up and production at the Québec Lithium Project; the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production; the continuing support and cooperation of RBI's off-take partners; as well as financial predictions premised on such assumptions. Although the Company believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RBI expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board,
Richard P. Clark, President and CEO

Contact Information


RB Energy Inc.
Sophia Shane
(604) 689-7842
(604) 689-4250 (FAX)
sophias@namdo.com

Wednesday, June 11, 2014

Besides owning a 3% Royalty on the Barrick Gold "Spring Valley" property, Terraco now sits between two active majors

Terraco Gold Corp.Terraco Gold Corp.

TSX VENTURE : TEN




Terraco Gold Humboldt Range Update



VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 10, 2014) - Terraco Gold Corp. ("Terraco" or the "Company") (TSX VENTURE:TEN) is pleased to announce a Humboldt Range update including activity on its Spring Valley Assets.

Terraco Humboldt Range Background
Terraco holds net smelter return ("NSR") royalty assets of up to 3% on claims covering the vast majority of the currently outlined Spring Valley gold deposit. The Spring Valley gold project is operated by Barrick Gold Corp. ("Barrick") and is a joint venture with Midway Gold Corp. ("Midway") whereby Barrick is the 70% partner. Terraco's royalty assets include direct NSR ownership, options to purchase NSR royalties and a right of first refusal to purchase a 1.0% NSR on an area of interest within a half-mile of the core claim block. Terraco's holds its Spring Valley royalty assets and its northerly adjoining 35 km2 Moonlight exploration project land holdings within one Nevada domiciled subsidiary (collectively, the "Spring Valley Assets").

Spring Valley Activity - Barrick
Activity on the Spring Valley gold project is continuing aggressively with Barrick advancing the project to a pre-feasibility stage and confirming production potential for the project (see Barrick's April 30, 2014 announcement Barrick Reports First Quarter 2014 Results(1) and Midway's May 16, 2014 announcement, Midway Reports Barrick Advances to Pre-Feasibility Spring Valley Gold Project, Nevada(2)). In addition, Midway announced that it had received Barrick's 2014 budget regarding the Spring Valley gold project and that it included USD$8,300,000 for project development and USD$5,000,000 for exploration work. The total budget of USD$13,300,000 announced was to advance the project (see Midway's announcement May 16, 2014, Midway Announces Barrick's $13.3 Million Planned 2014 Expenditures for Spring Valley, Nevada(2)).

Southern Humboldt Range New Entrant - Sumitomo
Regional Southern Humboldt Range activity, in addition to the above noted Spring Valley developments, includes a new entrant along trend adjoining Terraco's Moonlight Project to the North. Renaissance Gold Inc. ("Renaissance") has signed an exploration agreement with Sumitomo Corporation's U.S. subsidiary, Summit Mining Exploration II, Inc., to earn up to a 70% interest in the Fourth of July project that is along strike (to the north) from the Rochester Mine, Barrick's Spring Valley and Terraco's Moonlight Project. Terraco's Moonlight Project now sits between two major mining companies in Barrick and Sumitomo.
"With the completion of Barrick's USD$38,000,000 earn-in on the Spring Valley gold project (in February 2014) and the subsequent announcements made by Midway that Barrick has moved to prefeasibility and is spending USD$13,300,000 in 2014 on the project, we are feeling confident that the Spring Valley gold project will become the mine we had hoped for when we acquired our Spring Valley royalty assets. In addition, there is more activity district wide in the Southern Humboldt trend with other majors like Sumitomo coming into the mix," said President and CEO Todd Hilditch.
For a description of Terraco's Spring Valley Assets, including a narrated video presentation and a royalty map of Spring Valley deposit, please follow the below link to our website, further to the Spring Valley Asset Presentation (bottom right of Home Page): www.terracogold.com.
More information on the Spring Valley project can be accessed through Sedar (further to Midway Gold) or Midway's website.

Shareholder Notice
Shareholders and investors that currently receive news releases or corporate updates from Terraco will be receiving a direct email within a week whereby your consent to receive future Company news releases and updates will be required. In keeping up with Canada's new anti-spam law, which comes into effect on July 1, 2014, Terraco is required to request and receive your consent prior to sending news releases and corporate updates. Your action to our email request is required on or before July 1, 2014.
Corporate
The Company also announces the grant of an aggregate total of 5,051,000 incentive stock options to directors, officers, employees and consultants of Terraco pursuant to its Stock Option Plan with certain vesting provisions. These options will be exercisable at a price of CAN$0.16 per share and will expire on June 9, 2019. The grant of the incentive stock options is subject to regulatory approval.
About Terraco Gold
Terraco is a junior mining company with a gold project portfolio that includes a gold royalty and royalty options on the Spring Valley Project (Nevada), which is a joint venture among the world's largest gold producer, Barrick Gold Corp., and Midway Gold Corp. Terraco also controls over 35 sq kms of early-stage exploration potential (the Moonlight Project) adjoining the Spring Valley Project joint venture to the north. In addition, Terraco has an advanced-stage gold project in Idaho which hosts a National Instrument 43-101 compliant gold resource.
Terraco is listed on the TSX Venture Exchange under the symbol "TEN". Please visit Terraco's website at www.terracogold.com for additional information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward looking statements. Although Terraco believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Terraco can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information on these and other factors that could affect Terraco's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com)
(1) www.barrick.com/investors/news/news-details/2014/Barrick-Reports-First-Quarter-2014-Results/default.aspx
(2) www.midwaygold.com/news/2014/

Contact Information


Terraco Gold Corp.
Todd Hilditch
President and CEO
(604) 443-3831 or Toll free: 1 877 792-6688 Ext 2
(604) 682-3860 (FAX)
www.terracogold.com

Friday, June 6, 2014

Gold discovery at Prospect Valley BC spurs field work


Berkwood Announces 2014 Prospect Valley Gold Property
Field Program Plans

Berkwood Resources Ltd. (TSX-V: BKR) (the “Company” or “Berkwood”) is pleased to announce plans for summer fieldwork on the Prospect Valley Gold Property near Merritt, British Columbia, Canada.

In 2013 geochemical sampling work on the property confirmed the continuity of the main soil anomaly and extended its length to 5000 metres indicating the large extent of the mineralizing system. See the updated geochemistry map below or click here.  To date, several areas of gold mineralization have been identified on the 10,871 Ha Prospect Valley Gold Property.  The majority of historic drilling has taken place in the centre of the claim block, along the Discovery Trend.  This drilling has outlined an extensive low grade epithermal gold system with indications of potential for additional and higher grade mineralization. The system remains open for expansion and other known zones of gold mineralization have yet to be drilled (see Berkwood news release dated January 25, 2012 for details).



The focus of this year’s work will be in preparation for a drill program to test potentially higher grade gold mineralization within the core of the Discovery Trend epithermal system. Although subject to financing, current market conditions have reduced drill contract rates and as such Berkwood feels this drilling can be carried out in a low cost, effective manner. Berkwood field crews will be visiting the property in the coming days to assess the condition of access roads, field equipment, company vehicles and the field base camp.

Brian Buchanan, CEO and Director of the Company states: "We are pleased to be in a position to conduct fieldwork at Prospect Valley. This is an important project in regards to Berkwood’s growth and Management is very optimistic about what this year’s work program could provide, given the large extent of the gold system defined to date.”

George Gorzynski, P.Eng., a Director of Berkwood and a Qualified Person under the definition of Canadian National Instrument 43-101, approved the technical information in this new release and is monitoring the field programs.  


About Berkwood Resources:

Berkwood also holds a 100% interest in the Lac Guéret East Graphite Property, located in northeastern Quebec.  The 3,837 Ha Lac Guéret East Graphite Property consists of 71 claims and is adjacent to the eastern boundary of Mason Graphite’s advanced Lac Guéret Project.

If you are not currently on the Berkwood Resources email list, please visit our website by clicking here to opt-in to the list. The Company will send out regular updates and news releases to everyone who asks to be on the list.

For additional information please contact:

Karim Sayani, Corporate Communications
Tel: (604) 662-7455 E-mail: karim@berkwoodresources.com

Tom Steer, Corporate Development
Tel: (604) 681-7455 E-mail: tomsteer@berkwoodresources.com


On Behalf of Berkwood Resources

Brian Buchanan, President and Director


This Berkwood News Release contains certain "forward-looking" statements and information relating to Berkwood that are based on the beliefs of Berkwood's management as well as assumptions made by and information currently available to Berkwood's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement.
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 news release.

Tuesday, May 27, 2014

Focus Graphite Succeeds in Producing Extremely High-Performing Coated Spherical Graphite For Lithium Ion Batteries

Focus Graphite Inc.Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC

May 27, 2014 13:05 ET

Independent Test:Creates the Potential for High Value Sales in the Li-Ion Battery Sector


OTTAWA, ONTARIO--(Marketwired - May 27, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is very pleased to announce the results from coin cell tests for the lithium ion battery market recently performed on Lac Knife Spherical Graphite ("SPG").
Focus Graphite is the sole owner of the world-class, high-grade Lac Knife natural flake graphite project in Quebec. The Company's aim is to become one of the lowest cost producers of high-purity technology graphite from a vertically integrated business strategy.

Testing was conducted by a globally recognized, North American laboratory with particular expertise in processes related to lithium ion battery technologies. Its clients are some of the most advanced technology-related corporations in the world. The laboratory has completed its testing and has measured the performance properties of Lac Knife's materials on an environmentally sustainable basis. Focus Graphite has withheld the name of the laboratory for reasons of commercial and competitive confidentiality.
Highlights
  • Lac Knife SPG battery tests evaluate three proprietary formulations that responded very well to CR2016 coin cell performance testing
  • Large, medium and fine micron size produced outstanding performance metrics
  • Testing results on the premium medium and fine grades exceed the performance of benchmark commercially available grades by significant percentages.
  • Tests confirm Focus' capability to tailor lithium ion battery anode grade graphite and value added products to meet the most stringent customer specifications
Focus Graphite Reversible Capacity Irreversible Capacity Loss Surface Area
Coin Cell Test Samples (Ah/kg) (%) (m2/g)
Coarse Carbon Coated SPG Grade (D90=42um) 362.1 6.80 % 0.64 %
Medium Carbon Coated SPG Grade (D50=24um) 363.7 1.44 % 0.48 %
Fine Carbon Coated SPG Grade (D50=17um) 365.1 1.01 % 1.14 %
A benchmark commercial grade of SPG provided a reversible capacity (RC) in the range of 345 to 355 Ah/kg and an irreversible capacity loss (ICL) of 6.5 %, a significantly higher loss compared to the 1.44% and 1.01% ICL for Lac Knife's medium and fine grade samples shown above.

In Lockstep With Industry
"Recent comments by leading North American auto makers signalled two significant market realities," said Focus CEO and Director Gary Economo.
"The first is the need to lower the costs of battery materials to encourage broader consumer interest in moving to electric vehicles. The second is that the potential North American battery market may well enjoy a much larger than anticipated growth in demand," Mr. Economo said.
"Again, these results add another layer of material value that holds the potential to de-risk even further our global enterprise goals," he said.
A detailed summary of the SPG tests is provided below.
SPG grades developed by Focus Graphite may help to solve one of the more difficult challenges holding back market growth for Li Ion batteries, "Increasing cycling capacity." One of the problems in using carbon based materials in Li Ion batteries is that it results in the formation of a Solid Electrolyte Interface ("SEI") layer which produces an irreversible capacity loss which generally ranges between 5 and 10% for benchmark SPG grades currently available in the market place.
Irreversible capacity loss means that a portion of the valuable lithium and graphite is wasted. Thus the efficiency is reduced and the cost increased. Lac Knife anode graphite is unique in having such a low loss.
Two premium (medium and fine) grade SPG's developed by Focus have achieved First Cycle Irreversible Capacity Losses of 1.44% and 1.01%, respectively, truly remarkable results. These lower ICL values of the SPG grades produced by Focus can lead to the production of higher capacity and longer life Li Ion batteries.
Furthermore, the low surface areas of the premium coated grades of SPG at 0.48 and 1.14% m2/g can help to improve the safety of Li Ion batteries. The use of higher surface area carbons in these batteries can cause the temperature of the battery to increase and possibly result in the occurrence of thermal runaways.
Figure 1: The following Galvanostatic charge-discharge curve for the fine SPG grade illustrates the very promising nature of the Lac Knife concentrate. To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/fms-figure1.pdf.
This material has demonstrated a reversible capacity of 365.08 Ah/kg and an irreversible capacity loss of an ultra low 1.01%. The performance metric is calculated between the two curves in the chart above is the difference between 368.8 and 365.08 on a percentage basis. Approximately an 80% improvement over commercial benchmark grades was achieved.
The unique properties of the Lac Knife high carbon content concentrate that grades 98% C even in the finer grade products down to 200 mesh (75 microns) that are usually the most difficult products to sell. This holds the potential to allow Focus market access to significantly higher margin value added products with a finer grade lower cost product creating a unique opportunity. Additionally, Focus plans to offer the higher value large flake to other growing markets.
The -100 mesh size (150 microns), 98% C and +65 mesh size (230 microns) flake products spheronize very well establishing a unique Lac Knife concentrate quality.
Potentially these excellent Irreversible Capacity Loss ("ICL") results from the Lac Knife high quality flake uncoated concentrate are due to low reactivity at the flake edges compared to other graphite concentrates underlying its inherent value as a feed to the secondary battery market in a green technology revolution.
Also included in the study is a scanning electron photomicrograph of the 99.98 % purified high purity large flake graphite (See Figure 2 below) produced on both a laboratory and pilot plant scale from 98% C Lac Knife +65 mesh flake concentrate. This photomicrograph indicates that the Lac Knife concentrates are uniquely suited to produce high purity lithium ion battery grade graphite. What is important to note is that Lac Knife graphite concentrate consists of very pure graphite flakes with impurities located on the surface of the flakes.
Figure 2: Photomicrograph of Thermally Purified Flake Graphite showing exceptionally clean surfaces and grading 99.98% C. To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/fms-figure2.pdf.
Such surface impurities can be removed by using less expensive technologies. In the most competitive concentrates on the market, the impurities are intercalated or sandwiched within the layers and are more difficult to remove requiring higher cost processing methods during purification.
Figure 3: Photomicrograph of Thermally Purified Spherical Graphite grading 99.9% C. To view Figure 3, please visit the following link: http://media3.marketwire.com/docs/fms-figure3.pdf.
The quality of the Lac Knife concentrate is continuing to create the potential for increased margins through to value added products and confirms the Company's plan to evaluate the potential of secondary transformation for as much of the Lac Knife production as is possible. The potential for increased margins from the secondary transformation of graphite concentrate is not included in the current Preliminary Economic Assessment for the project.
Current prices for coated, spherical graphite are at the $8,000 per tonne point. This compares to $20,000 per tonne for battery grade synthetic graphite, the only alternative for the anode in the battery.
"Commercially and competitively, these results open the door for Focus to confidently accelerate our plans to market and sell our battery grade, high margin products to potential partners and customers," said Focus President and COO Don Baxter.
"The data presented validates Lac Knife's potential to become a North American source of low-cost high purity flake graphite concentrate that could, possibly, lead to the production of batteries with better performance," Mr. Baxter stated.
"Further, these results enable us to continue with our vision of producing value added products. In particular, Focus' Director of Manufacturing and Technology Dr. Joseph Doninger and our Consultant, Mr. George Hawley have the capability to lead Focus through the development of various lithium ion battery products with the aim of building higher margin applications and downstream products" Mr. Baxter said.
Dr. Doninger said: "The Lac Knife premium medium and fine grades of coated SPG at 1.44% and 1.01% first cycle irreversible capacity losses and 0.48 and 1.14 m2/g surface areas are better than any similar sized SPGs that I've ever seen."
Battery manufacturers require a cost competitive alternative to current sources of natural SPG. China produces about 90% of the world's purified natural SPG, utilizing methods that are generally regarded as environmentally unsustainable.
Qualified Persons
Don Baxter, P. Eng., Focus President & Chief Operating Officer, is a Qualified Person as defined by NI 43-101 guidelines, has reviewed and approved the technical content of this news release.
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of north-eastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated Mineral Resource Estimate* of 9.6 million tons grading 14.77% graphitic carbon (Cg) as crystalline graphite with an additional Inferred Mineral Resource Estimate* of 3.1 million tons grading 13.25% Cg of crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On November 7, 2013 the Company released the results of an updated Preliminary Economic Assessment ("PEA") of the Lac Knife Project that indicated that the project has very good potential to become a graphite producer. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus also invests in the development of graphene applications and patents through Grafoid Inc.
* Mineral resources are not mineral reserves and do not have demonstrated economic viability
Forward Looking Statement
This News Release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or 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 is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi)the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the 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 forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this News Release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

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