"Patience is a Super Power" - "The Money is in the waiting"

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.

Contact Information

Friday, May 16, 2014

Gigafactory or 200 Gigafactories – Lithium Demand is Reinforced




Rodinia Lithium Inc. (“Rodinia” or the “Company”) is encouraged by the discussions and events held at this year’s World Energy Innovation Form.  The overarching theme is continued support for the expansion of the lithium-ion battery industry, which supports continued and increased demand for lithium carbonate.
“There are going to need to be a lot of gigafactories, if not from Tesla, then from someone else.  There’s essentially a quasi-infinite demand for energy storage, if the energy density and the price are good enough,” said Elon Musk, Chief Executive of Tesla Mortors.
Rodinia’s Salar de Diablillos lithium-potash project is located in mining friendly Salta Province, Argentina boasts an inferred National Instrument 43-101 compliant resource of 2.8Mt lithium carbonate equivalent and 11.2Mt potash with significant further resource expansion possibilities.  Processing work to date has confirmed the ability to produce battery grade lithium carbonate with sample results indicating purities consistently in excess of 99.5%.
The Company has completed a Preliminary Economic Assessment for the Salar de Diablillos, which produced the following strong economic results:
Production Case:
15,000 tpa LC
25,000 tpa LC
Estimated Capital Investment:
US$144 million
US$220 million
Estimated Operating Expenses:
     Per tonne LC
     Per tonne LC with co-product credits
     Per tonne KCl

US$1,519
(US$703)
US$170

US$1,486
(US$762)
US$160
Net Present Value (8% pre-tax):
US$561 million
US$964 million
IRR (pre-tax):
34%
36%
Annual Average Cash Flow:
US$89 million
US$150 million
Projected Payback (8% pre-tax):
1.6 years
1.5 years
Estimated Mine Life:
20+ years
20+ years
The work program required to take the deposit through Feasibility Study is 90% completed.
The Company controls 100% of the prospective producing area of the Salar de Diablillos, which eliminates resource sharing concerns and should enable a fast track through to production once the Feasibility Study is completed.
Continued support for the lithium-ion battery industry, and increased demand for lithium carbonate, should increase the opportunities for Rodinia to finance its construction CAPEX post Feasibility Study.
Readers are encouraged to review the Company’s website at www.rodinialithium.com and company filings posted on SEDAR at www.sedar.com for additional disclosures and information.

Wednesday, April 23, 2014

Berkwood Engages ABGeoconseil to Conduct Fieldwork at Lac Gueret East Graphite Property and Consult on Graphite Strategy


Vancouver, BC / ACCESSWIRE / April 10, 2014 / Berkwood Resources (TSX-V: BKR) (the "Company" or "Berkwood") has retained the services of geologist consultant, Alain Berclaz, P. Geo and CEO of ABGeoconseil Inc. to lead the fieldwork program at Berkwood's Lac Gueret East Graphite Property. Mr. Berclaz has been working as a Geologist for 23 years with significant field experience throughout Europe, West Africa and Canada, including the Grenville Province. He has published, lectured and authored nearly 100 publications. He has worked for the Universite Laval, the Geological Survey of Canada, and the Ministry of Natural Resources of Quebec. He has also worked over the past 15 years as an independent consultant exploring for gold, PGE, base metals (Ni, Cu, Co, Mo) as well as porphyry and IOCG type mineralization (Au, Ag, Cu, Mo, W, Sn, REE).

Brian Buchanan, President and Director of Berkwood commented "Berkwood is uniquely positioned as one of the only companies to have acquired significant land positions in the immediate vicinity of Mason Graphite's advanced Lac Gueret project. The Lac Gueret East Graphite Property is well located in the Grenville Province, sharing a similar geological environment to Mason Graphite's Lac Gueret project. We are looking forward to working with ABGeoconseil on the optimization and potential expansion of Berkwood's graphite portfolio in this prospective region"

To view details, maps and photos of Berkwood's Lac Gueret East Graphite Property please click the following link: http://www.berkwoodresources.com/lac-gueret-east.html.
If you are not currently on the Berkwood Resources news and updates list, you can opt-in via the Berkwood website by clicking here http://www.berkwoodresources.com/contact.html. News Releases and exploration updates are emailed to list members who wish to keep up to date with Berkwood Resources and our projects.
On behalf of Berkwood Resources
"Brian Buchanan"
Brian Buchanan, President and Director
For additional information please contact:
Karim Sayani, Corporate Communications
Tel: (604) 662-7455 E-mail: karim@berkwoodresources.com
Tom Steer, Corporate Development
Tel: (604) 662-7455 E-mail: tomsteer@berkwoodresources.com
Forward Looking Statements
This Berkwood News Release may contain 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 and forward-looking information may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement or forward-looking 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 news release.

Tuesday, April 22, 2014

RB Energy, Formerly Canada Lithium, to produce Battery Grade Li in Q3 2014


TSX:RBI
OTCQX:RBEIF






April 22, 2014 08:30 ET

RB Energy Provides an Operations Update for Quebec Lithium



VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2014) - RB Energy Inc. (the "Company" or "RBI" or RB Energy") (TSX:RBI)(OTCQX:RBEIF) is pleased to report that with temperatures in the Val d'Or area of Quebec rising, the Quebec Lithium concentrator was successfully restarted last week as planned. Production volumes from the concentrator are gradually being increased to enable the restart of the hydromet circuit by the end of this week. In Q2 throughputs will gradually be increased and, with the ore sorter commissioning commencing by the end of Q2, will enable commercial production levels to be achieved as scheduled in Q3. The first sales of battery grade lithium carbonate are expected to commence in May.

By the end of Q3 the crushing circuit of the concentrator will be completely winterized, enabling lithium carbonate production year round going forward

Commenting on the restarting of the Quebec Lithium operation, Richard Clark, President and CEO, said: "Mother nature has finally decided to allow spring to arrive. This winter in Quebec was extremely challenging. With the long duration of extremely cold temperatures, and incomplete winterization at the plant, it was not possible to operate the concentrator for the better part of 5 months. Despite this situation, we were able to successfully commence commissioning of the hydromet section of the plant and we achieved a very high grade battery product in March. With all components of the Quebec Lithium complex in operation, we now look forward to delivering into our offtake contracts. 

I would like to take this opportunity to thank our shareholders, bankers, other investors and offtake partners for their support and patience. I would also like to thank our employees for their continued commitment and determination. It has been a long road with numerous challenges, but we are very excited about being so close to achieving our goal of being a new, high quality, strategic, lithium carbonate producer." 

RBI is a Canadian company formed pursuant to the arrangement involving Sirocco Mining Inc. and Canada Lithium Corp. It currently owns Aguas Blancas, an iodine producing mine in northern Chile, and the Quebec Lithium Project near Val d'Or, the geographical heart of the Quebec mining industry. The Aguas Blancas mine is currently in production. The Quebec Lithium Project 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.

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.

Contact Information

Thursday, March 13, 2014

Zenyatta Ventures has a new neighbor in the chase for Hydrothermal Graphite

Brookemont Capital Inc.

TSX VENTURE : BKT
 PINKSHEETS : BKTPF
FRANKFURT : BRO



March 12, 2014 03:01 ET

Brookemont Encounters Large Conductive Anomaly on the Kenagami Hydrothermal Graphite Prospect



VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 12, 2014) - Brookemont Capital Inc. ("BKT", "Brookemont" or the "Company") (TSX VENTURE:BKT)(PINKSHEETS:BKTPF)(FRANKFURT:BRO) wishes to announce it has discovered a large TDEM conductive anomaly on the Kenagami Hydrothermal Graphite prospect in Ontario. This anomaly measures approximately 800 metres by 500 metres and was outlined using the airborne survey recently completed by Brookemont.
Mr. Gregory Thomson Director of Brookemont states, "Tthis newly discovered anomaly significantly advances the development of our Kenagami Hydrothermal Graphite Prospect. We now have a large target measuring approximately 800 metres by 500 metres. Zenyatta Ventures Ltd. has recently made a discovery of massive hydrothermal graphite and we feel that there is district-wide potential for the discovery of additional magmatic hydrothermal graphite vein-breccia style mineralization similar to Zenyatta's Albany Graphite Deposit.

" Brookemont's new anomaly is of particular interest due its size and the strong overall TDEM response, consequently this will be our main exploration focus going forward."

Brookemont has several ongoing projects including: a) a 100% interest in the "Albany East" Prospect. This land is prospective for hydrothermal (vein) graphite and directly borders Zenyatta Ventures Ltd. property that hosts its hydrothermal graphite deposit. b) a 100-per-cent interest in the Kenagami hydrothermal graphite prospect in Ontario, c) an aluminous clay and rare earth prospect in the Gaspe Bay Region of Quebec. This prospect directly borders the Grand-Vallée Deposit of Orbite Aluminae Inc.

Mr. Gregory Thomson, P.Geo., is the qualified person for the project as defined by National Instrument 43-101 and he has reviewed this news release.

If you would like to be added the BKT email list please send an email to brookemontinfo@gmail.com.
Conrad Clemiss, President, Director
Brookemont Capital Inc.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

Friday, February 28, 2014

RB Energy Provides an Operations Update for Canada Lithium project in Quebec

RB Energy Inc.

TSX : RBI
OTCQX : CLQMD



February 28, 2014 08:30 ET



VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 28, 2014) - RB Energy Inc. (the "Company" or "RBI" or "RB Energy") (TSX:RBI)(OTCQX:CLQMD) confirms that it is not aware of any unreleased material information regarding the Company and provides an update on its lithium operations in Quebec.
On February 11, 2014 RBI commenced a continuous commissioning run of the hydro-metallurgical circuit at its wholly owned Quebec Lithium operation. This commissioning run is scheduled to continue until mid-March and will provide battery grade lithium carbonate samples to our customers for quality assessment. In addition, a bulk sample from this run will be shipped to Tewoo-ERDC, our principal off-take partner, for commercial testing.

In mid-March the hydro-metallurgical circuit will be temporarily suspended for commissioning maintenance and production assessment. Operations and lithium production will recommence in April in both the flotation and hydro-metallurgical circuits, culminating in the commissioning of an optical ore sorter by the beginning of the third quarter. Quebec Lithium is on track to ramp up to and achieve name plate production levels (20,000 tonnes of lithium carbonate per annum) by year end.

Commenting upon the recent production success at Quebec Lithium and recent developments in the lithium market, Richard Clark, President and CEO of RB Energy, stated, "The management and operations team of RB Energy are very pleased with the progress at the Quebec Lithium operation. Our current production run will provide the necessary lithium carbonate samples to supply commercial orders from our customers going forward. We are meeting our initial targets and we are on track to achieve name-plate throughput of 20,000 tonnes per annum of battery grade lithium carbonate by year end. Quebec Lithium is the only hard rock lithium operation in North America and is poised to become a material player in the exciting future of the lithium battery market."

RBI is a Canadian company formed pursuant to the arrangement involving Sirocco Mining Inc. and Canada Lithium Corp. It currently owns Aguas Blancas, an iodine producing mine in northern Chile, and the Quebec Lithium Project near Val d'Or, the geographical heart of the Quebec mining industry. The Aguas Blancas mine is currently in production. The Quebec Lithium Project 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.

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.

Contact Information


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

Friday, February 21, 2014

San Gold Announces a 60% Increase in Mineral Reserves

San Gold CorporationSan Gold Corporation

TSX : SGR
OTCQX : SGRCF


February 20, 2014 20:00 ET



WINNIPEG, MANITOBA--(Marketwired - Feb. 20, 2014) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today announced an updated mineral reserve and resource estimate for its Rice Lake Mining Complex.

During 2013, extensive definition drilling and detailed mine planning to integrate the Hinge, 007 and Rice Lakes mines resulted in an increase in proven and probable mineral reserves to 2.7 million tons grading 5.24 grams per tonne containing 405,400 ounces of gold as of December 31, 2013. This is a 60% increase from the proven and probable mineral reserves as of December 31, 2012. 

"I am very pleased with the progress made by our technical team over the past year. The increase in reserves has allowed us to complete five years of detailed mine planning, thereby providing improved operational flexibility. Our drilling in 2014 will be primarily from underground locations in closer proximity to known ore bodies. We expect to achieve a further increase in the mineral reserve as the year progresses through the conversion of our large inferred mineral resource," said Ian Berzins, San Gold's President, CEO and Chief Operating Officer.
Notes to Mineral Reserve and Resource Estimate Table
  • Mineral reserve and resource estimates are calculated in accordance with the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council, 2010.
  • Tonnage and ounce estimates have been rounded to the nearest hundred.
  • Proven and probable mineral reserves are included in the measured and indicated mineral resources.
  • The mineral reserve estimate is based on a gold price of US$1,250 per ounce.
  • A cut-off grade of 3.65 g/tonne gold was used for estimating mineral reserves. A cut-off grade of between 2.74 and 3.43 g/tonne gold was used for estimating mineral resources.
  • Inferred mineral resources are not in the current mine plan and therefore do not have demonstrated economic viability.
The estimate of mineral resources was carried out under the supervision of Michael Michaud, Vice-President
of Exploration. The estimate of mineral reserves was carried out under the supervision of Rolando Jeria, Chief Engineer. Mr. Michaud and Mr. Jeria are Qualified Persons as defined by NI 43-101, and have reviewed and approved this news release.

About  San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Rice Lake Mining Complex near Bissett, Manitoba. The Company employs more than 420 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".

Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.

Contact Information


  • San Gold Corporation
    Ian Berzins
    President, CEO, and Chief Operating Officer
    Toll Free: 1 (855) 585-4653

    San Gold Corporation
    Tim Friesen
    Investor Relations
    Toll Free: 1 (855) 585-4653
    sgr@sangold.ca
    www.sangold.ca

Tuesday, February 18, 2014

IBC Advanced Alloys inks first contract with Lockheed Martin to supply Beralcast Alloys for the F-35 Fighter project

IBC Advanced Alloys Corp.IBC Advanced Alloys Corp.

TSX VENTURE : IB
OTCQX : IAALF




February 18, 2014 09:00 ET

IBC Engineered Materials Awarded Hard Tooling Contract from Lockheed Martin for F-35 Lightning II Application


Tooling for Beralcast® casting of F-35 Lightning II Electro-Optical Targeting System Components

WILMINGTON, MASSACHUSETTS--(Marketwired - Feb. 18, 2014) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQX:IAALF) ("IBC" or the "Company") reports that its wholly owned US subsidiary, IBC Engineered Materials Corp. ("IBC-EMC"), has been awarded an investment casting hard tooling contract from Lockheed Martin in support of its F-35 Lightning II Electro-Optical Targeting System (EOTS).

Under the terms of the contract, IBC-EMC will be responsible for the design, manufacture and implementation of hard tooling to be used as a part of the final qualification process to establish Beralcast® castings as an effective beryllium-aluminum alternative for precision optical components for the F-35 Lightning II.
As previously disclosed, IBC-EMC is demonstrating the viability of Beralcast® castings to improve lead times and affordability of high performance aerospace components made from beryllium aluminum alloys. IBC-EMC has completed several advanced prototype castings and will now use the hard tooling to deliver a first article casting for pre-production approval.

"IBC is pleased to have received a hard tool contract from Lockheed Martin," said Ray White, President of IBC-EMC. "We are committed to demonstrating the viability of Beralcast® castings with a hard tool and to completing the final stages of our materials and processing qualifications."

"It is an honor to be working with Lockheed Martin," said Anthony Dutton, President and CEO of IBC. "Our Company is committed to delivering advanced beryllium aluminum casting solutions, not only for Lockheed Martin and the F-35 Lightning II but also for other aerospace industry initiatives where modulus, weight and cost are critical performance factors."

Beralcast® alloys can be used in virtually any high performance application requiring complex, lightweight and high-stiffness parts and can be substituted for aluminum, magnesium, titanium, metal matrix composites as well as pure beryllium or powder metallurgy beryllium-aluminum. Beralcast's® principal alloys are more than three times stiffer than aluminum with 22% less weight and can be precision-cast for simple and complex three-dimensional stability. These high-modulus alloys are ideal for high performance industrial and high tech components as well as for a wide range of aerospace applications.

About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX under the symbol "IAALF".
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. 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.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

Contact Information

Thursday, February 13, 2014

Mason Graphite Ranked as a Top 10 Mining Sector Performer in the TSX Venture 50®

Mason Graphite Inc.Mason Graphite Inc.

TSX VENTURE : LLG
OTCQX : MGPHF



February 12, 2014 14:39 ET



MONTREAL, QUEBEC--(Marketwired - Feb. 12, 2014) - Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX VENTURE:LLG)(OTCQX:MGPHF) is pleased to announce that it has been selected for inclusion in the 2014 "TSX Venture 50®", a ranking of the top 50 emerging public companies listed on the TSX Venture Exchange.
 
"We are very pleased to be included in the TSX Venture 50® and to be recognized as one of the top ten performing mining companies on the TSX Venture in 2013," commented Benoit Gascon, President and CEO of Mason Graphite. "This recognition demonstrates our management team's hard work and the significant progress we have made in developing our Lac Guéret graphite project. We look forward to keeping this momentum and continuing to deliver results for our shareholders."

The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of the five major industry sectors - mining, oil & gas, technology & life science, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2013.

About Mason Graphite Inc.
Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Guéret graphite property, located in northeastern Québec. The property hosts a National Instrument 43-101 compliant Mineral Resource featuring 50,024,000 tonnes grading 15.6% Cg, including 6,672,000 tonnes at 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tonnes grading 17.1% Cg, including 2,637,000 tonnes at 30.5% Cg, in the Inferred category. Excellent potential exists for further mineral resource growth. A Preliminary Economic Assessment study was completed on an earlier 7,600,000 tonne mineral resource estimate from July 2012 which features 22 years of production at 27.4% Cg and a pre-tax internal rate of return of 33.7% (see technical report entitled "NI 43-101 Technical Report on the Mineral Resources Estimation Update 2013 Lac Guéret Graphite Project, Québec-Canada", dated January 17, 2014). The Company's senior management team possesses significant graphite expertise from their experience at Timcal/Imerys, including Benoit Gascon, CPA, CA, who held executive positions for 20 years, including over 6 years as President and CEO; Jean L'Heureux, Eng., Executive Vice-President, Process Development, with over 20 years of experience; and Luc Veilleux, CPA, CA, Chief Financial Officer and Executive Vice-President, with 8 years of experience. Timcal, now owned by Imerys, is one of the largest graphite producers in the world.
Qualified Person
Jean L'Heureux, Eng., Mason Graphite's Executive Vice-President of Process Development and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical content of this press release.
For more information about Mason Graphite, visit www.masongraphite.com or contact info@masongraphite.com.
Stay Connected: Twitter: @MasonGraphite Facebook: /MasonGraphite
Cautionary Statements
This press 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 press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
The quantity and grade of reported inferred mineral resources in this news release are uncertain in nature and there has been insufficient exploration to define these inferred mineral resources as indicated or measured mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured mineral resources.
The PEA is preliminary in nature and includes Inferred Mineral Resources, which are considered too geologically speculative to have mining and economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized.
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


  • Mason Graphite Inc.
    Investor Relations
    info@masongraphite.com
    www.masongraphite.com

    Simon Marcotte
    Vice-President Corporate Development
    +1 (416) 861-5822

    Benoit Gascon, President & CEO
    Greater Montreal Office
    3030 Le Carrefour blvd. Suite 600
    Laval QC H7T 2P5

    Toronto Office
    65 Queen Street West, Suite 800
    Toronto, ON M5H 2M5

Tuesday, February 4, 2014

IBC Advanced Alloys Signs Memorandum of Understanding (MOU) with Nu-Cast

Today- Marketwire
IBC Advanced Alloys Corp. (TSX VENTURE: IB)(OTCQX: IAALF) ("IBC" or the "Company") has signed a non-binding memorandum of understanding ("MOU") with Nu-Cast, Inc. ("Nu-Cast"), based in Londonderry, NH, to collaborate with IBC on new beryllium-aluminum investment casting projects and opportunities, initially for the aerospace sector.

The MOU outlines a framework for increasing manufacturing capacity and improving production efficiencies of IBC's proprietary near-net-shape beryllium aluminum castings. The parties will also focus on joint business development initiatives aimed at increasing market share for IBC's castings which offer significant costs savings and improved delivery times compared to the existing production methods.
IBC's casting process has a long and successful history, with over 250,000 castings produced to date, and both companies have identified opportunities for significant growth in the aerospace and other markets. A proposed IBC-Nu-Cast initiative will combine the two companies' complementary skills to address this exciting opportunity and to drive both sector and application growth.

Founded in 1985, Nu-Cast is a recognized global leader of complex aluminum investment castings specializing in large lightweight structures for electronic, optical and aerospace projects. Nu-Cast has an established client base, which includes NASA agencies as well as top tier defense and military contractors including Lockheed-Martin, General Dynamics, Honeywell, Boeing, Northrop Grumman, Raytheon and many others. 

The two Companies have identified opportunities to improve manufacturing and marketing efficiencies for beryllium aluminum castings to support future growth. Nu-Cast has extensive experience with aluminum investment castings that will complement IBC's beryllium aluminum casting expertise. Pursuant to the MOU, the parties will initially evaluate and develop opportunities to expand IB-EMC's proprietary Beralcast(R) alloys for aerospace applications. 

"Nu-Cast has successfully served the aerospace sector for almost three decades and is an excellent complement to IBC's technology, team and corporate vision," said Don McKitterick, President of Nu-Cast. "Beryllium aluminum alloys have a long history of superior performance in aerospace sector," continued McKitterick, "By combining IBC's propriety and cost effective castings with Nu-Cast's manufacturing and marketing experience, we believe there is enormous potential for growth and we look forward to working with IBC on this opportunity." 

"There are many immediate synergies between IBC and Nu-Cast where we can share our respective know-how to better serve the aerospace industry," said Anthony Dutton, President of IBC. "We are delighted to work with Nu-Cast, who has a long and distinguished track record in the aerospace business, and to mutually increase opportunities for Beralcast(R) in the aerospace sector and other industries requiring high performance precision castings."

As recently disclosed, IB-EMC is in the final stages of an advanced qualification process with Lockheed-Martin's Electro-optical Targeting System (EOTS) team in Orlando, FL. IB-EMC is working with the EOTS engineering, design and quality teams to qualify the Company's Beralcast(R) alloys as effective alternatives to improve lead time and affordability of beryllium aluminum aerospace components. IB-EMC has completed several advanced prototype castings which are being used to evaluate Beralcast(R) alloys and castings for high performance optical aerospace components on Lockheed-Martin's F-35 Lightning II aircraft. 

Beralcast(R) alloys can be used in virtually any high performance application requiring complex, lightweight and high-stiffness parts and can be substituted for aluminum, magnesium, titanium, metal matrix composites as well as pure beryllium or powder metallurgy beryllium-aluminum. Beralcast's(R) principal alloys are more than three times stiffer than aluminum with 22% less weight and can be precision-cast for simple and complex three-dimensional stability. These high modulus alloys are ideal for high performance industrial and high tech components as well as for a wide range of aerospace applications. 

About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX under the symbol " IAALF".

This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. 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.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
Contacts:
IBC Advanced Alloys Corp.
Ian Tootill
Director of Corporate Communications
(604) 685-6263 ext 110
itootill@ibcadvancedalloys.com
www.ibcadvancedalloys.com

The Howard Group Inc.
Dave Burwell
(403) 221-0915 or Toll Free: 1-888-221-0915
info@howardgroupinc.com


SOURCE: IBC Advanced Alloys Corp.

Previous:
 

Oct 31, 2013
IBC Advanced Alloys Signs MOU with Global Nuclear Fuels America and Ceramic Tubular Products to Advance Nuclear Fuel Initiatives. IBC Advanced Alloys Corp. TSX VENTURE : IB OTCQX : IAALF. October 31, 2013 09:30 ...
Jan 17, 2013
IBC Advanced Alloys Corp. (TSX VENTURE: IB)(OTCQX: IAALD) ("IBC" or the "Company") announces that its wholly owned subsidiary, IBC Engineered Materials Corp., a leading supplier of high performance aluminum ...
Nov 02, 2012
IBC is an integrated manufacturer and distributor of specialty alloys and related products serving a broad range of industries with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. The Company's ...
Jul 10, 2013
VANCOUVER, BC – July 9th, 2013 – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF) (“IBC” or the “Company”) reports that the Massachusetts Institute of Technology (“MIT”) has completed its initial review and delivered ...