SALINAS | Jotup

Lithium Ionic Completes Acquisition of Remaining 15% of Salinas Properties, Minas Gerais, Brazil

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Martedì, Giugno 11, 2024

Lithium, Technical, Acquisition, QP, Technical report, Mineral Resources Limited, Brazilian real, LTH, Landing slot, Transaction

Lithium Ionic now owns 100% of the Salinas group of properties (See Figure 1).

Key Points:

Lithium Ionic now owns 100% of the Salinas group of properties (See Figure 1).
Please refer to the Company’s May 30, 2024 press release for further details regarding the Transaction.
The Transaction is an arm's-length transaction, and no finder’s fees were paid in connection with it.
On behalf of the Board of Directors of Lithium Ionic Corp.

Lithium Ionic Signs Agreement to Acquire Remaining 15% of Salinas Properties, Minas Gerais, Brazil

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Giovedì, Maggio 30, 2024

Lithium, Brazilian real, Landing slot, Itinga, Agreement, Transaction, Acquisition, LTH, Policy, MRE, TSX Venture Exchange

Upon closing of the Agreement, Lithium Ionic will own 100% of all the Salinas group of properties (See Figure 1).

Key Points:

Upon closing of the Agreement, Lithium Ionic will own 100% of all the Salinas group of properties (See Figure 1).
In October 2023 , after fulfilling certain exploration commitments the Company’s increased its ownership interest in the Salinas properties to 85%.
Upon closing of the Agreement, Lithium Ionic will own 100% of all the Salinas group of properties.
The Salinas lithium deposit represents approximately 25% of the Company’s total Global MRE of 60.1Mt (see April 12, 2024 press release).

Lithium Ionic Files NI 43-101 Technical Report for the Bandeira Lithium Project Mineral Resource Estimate, Minas Gerais, Brazil

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Lunedì, Maggio 27, 2024

Lithium, Bandeira, Inference, Technical report, Mineral Resources Limited, QP, National instrument, Technical, LTH, MRE, Feasibility study, Project, Rare-earth element

TORONTO, May 27, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) reports that it has filed the independent NI 43-101 compliant technical report for its Bandeira Lithium Project (“Bandeira” or the “Project”) in Minas Gerais State, Brazil, related to the updated Mineral Resource Estimate (“MRE”) for the Project announced on April 12, 2024.

Key Points:

TORONTO, May 27, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) reports that it has filed the independent NI 43-101 compliant technical report for its Bandeira Lithium Project (“Bandeira” or the “Project”) in Minas Gerais State, Brazil, related to the updated Mineral Resource Estimate (“MRE”) for the Project announced on April 12, 2024.
The Technical Report, titled “NI 43-101 Technical Report – Mineral Resource Update on Bandeira Project, Araçuaí and Itinga, Minas Gerais State, Brazil” was prepared by GE21 Consultoria Mineral Ltda.
(“GE21”) in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and has an effective date of March 5, 2024.
* See NI 43-101 compliant technical report related to the Bandeira Bandeira MRE titled “NI 43-101 Technical Report – Mineral Resource Update on Bandeira Project, Araçuaí and Itinga, Minas Gerais State, Brazil” (effective date of March 5, 2024; QP: Leonardo Soares of GE21); See NI 43-101 compliant technical report related to the Salinas MRE titled “Independent Technical Report on Mineral Resources Estimate” (effective date of January 4, 2024; QP: Leonardo Soares, P.Geo., M.Sc., of GE21); and the NI 43-101 compliant technical reports related to the Outro Lado deposit titled “Mineral Resource Estimate for Lithium Ionic, Itinga Project” (effective date of June 24, 2023; authored by Maxime Dupéré, B.

West Coast Community Bancorp and 1st Capital Bancorp Announce Agreement to Merge

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Martedì, Maggio 21, 2024

Bank holding company, Entrepreneurship, OTCQX, Vice, Capital Bank, Agreement, Bank, Associate, MD, EPS, Growth, Keefe, Bruyette & Woods, FDIC, Agriculture

SANTA CRUZ, Calif. and SALINAS, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- West Coast Community Bancorp (OTCQX: “SCZC”) (“Bancorp”), the holding company for Santa Cruz County Bank (“Bank”), headquartered in Santa Cruz, California, and 1st Capital Bancorp (OTCQX: “FISB”), the holding company for 1st Capital Bank, headquartered in Salinas, California, jointly announced today that they have entered into an agreement and plan of reorganization and merger (the “Agreement”), pursuant to which 1st Capital Bancorp will merge with and into West Coast Community Bancorp in an all-stock transaction valued at approximately $63 million, or $10.78 per FISB share, based on the closing price of $29.94 for West Coast Community Bancorp shares on May 20, 2024.

Key Points:

SANTA CRUZ, Calif. and SALINAS, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- West Coast Community Bancorp (OTCQX: “SCZC”) (“Bancorp”), the holding company for Santa Cruz County Bank (“Bank”), headquartered in Santa Cruz, California, and 1st Capital Bancorp (OTCQX: “FISB”), the holding company for 1st Capital Bank, headquartered in Salinas, California, jointly announced today that they have entered into an agreement and plan of reorganization and merger (the “Agreement”), pursuant to which 1st Capital Bancorp will merge with and into West Coast Community Bancorp in an all-stock transaction valued at approximately $63 million, or $10.78 per FISB share, based on the closing price of $29.94 for West Coast Community Bancorp shares on May 20, 2024.
Both Boards of Directors of West Coast Community Bancorp and 1st Capital Bancorp have unanimously approved the transaction, which is expected to close in the fourth quarter of 2024.
The directors of West Coast Community Bancorp and 1st Capital Bancorp have entered into agreements pursuant to which they have committed to vote their shares in favor of the transaction.
At closing, current Chairman and Vice Chairman of 1st Capital Bancorp, Kurt J. Gollnick and Daniel R. Hightower, MD, respectively, will join the Boards of Directors of West Coast Community Bancorp and Santa Cruz County Bank.

Lithium Ionic Files NI 43-101 Technical Report for the Salinas Lithium Project Mineral Resource Estimate, Minas Gerais, Brazil

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Venerdì, Maggio 17, 2024

Lithium, Bandeira, Inference, Technical report, Mineral Resources Limited, QP, National instrument, See, LTH, MRE, Baixa Grande, Project

TORONTO, May 17, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) reports that it has filed the independent NI 43-101 compliant technical report for its Salinas Lithium Project (“Salinas” or the “Project”) in Minas Gerais State, Brazil, related to an initial Mineral Resource Estimate (“MRE”) for the Project announced on April 4, 2024.

Key Points:

TORONTO, May 17, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) reports that it has filed the independent NI 43-101 compliant technical report for its Salinas Lithium Project (“Salinas” or the “Project”) in Minas Gerais State, Brazil, related to an initial Mineral Resource Estimate (“MRE”) for the Project announced on April 4, 2024.
The Technical Report, titled “Independent Technical Report on Mineral Resources Estimate for the Baixa Grande - Salinas Lithium Project” was prepared by GE21 Consultoria Mineral Ltda.
(“GE21”) in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and has an effective date of January 4, 2024.
Exploration work and drilling will also be ongoing at the Project for the remainder of 2024 to continue to expand and upgrade the mineral resources.

Forward Announces Partnership with Xochitl

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Martedì, Maggio 21, 2024

Food, Beverage, Retail, Professional Services, Supermarket, Asset Management, UBS, Kirkland & Ellis, Acquisition, Partner (business rank), Management

Forward Consumer Partners (“Forward” or the “Firm”), a private investment firm focused on branded consumer businesses, today announced that it has acquired a 50% ownership stake in Xochitl, LLC (“Xochitl” or the “Company”), an enduring brand specializing in authentic, premium tortilla chips and salsas.

Key Points:

Forward Consumer Partners (“Forward” or the “Firm”), a private investment firm focused on branded consumer businesses, today announced that it has acquired a 50% ownership stake in Xochitl, LLC (“Xochitl” or the “Company”), an enduring brand specializing in authentic, premium tortilla chips and salsas.
Carlos Salinas, Xochitl’s Founder, CEO, and Chairman Emeritus, will retain a 50% interest in the Company going forward.
Xochitl (pronounced “so-cheel”) began its journey in 1995 with a salsa recipe passed down in the Salinas family for nearly a century.
Xochitl has perfected its craft over three decades and has grown steadily to become America’s largest independent brand of corn tortilla chips.

Lithium Ionic Expands Newly Discovered Zone at Salinas; Drills 1.53% Li2O over 15m, incl. 2.31% Li2O over 8m; 1.15% Li2O over 19m, incl. 1.67% Li2O over 10m, and 1.32% Li2O over 14m

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Martedì, Aprile 23, 2024

Lithium, MRE, PEA, Nature, See, Resource, LTH, QP, Bandeira, Landing slot, Growth

Nine of the 15 holes reported were drilled at the Noé target, a well-mineralized pegmatite discovered approximately 1.5 kilometres North of the Salinas mineral resource zones earlier this year.

Key Points:

Nine of the 15 holes reported were drilled at the Noé target, a well-mineralized pegmatite discovered approximately 1.5 kilometres North of the Salinas mineral resource zones earlier this year.
New high-grade drill intercept highlights of:
1.53% Li2O over 15m, incl.
2.31% Li2O over 8m near surface, from 30m (hole BGDD-24-133)
1.15% Li2O over 19m, incl.
1.67% Li2O over 10m near surface, from 38m (hole BGDD-24-131)
1.32% Li2O over 14m, incl.

California Water Service Districts Already Treating for Chromium-6, Will Meet New State Water Quality Standard

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Mercoledì, Aprile 17, 2024

MCL, Cal, Public, Environment, Safety, SAN, Water, California Water Service

SAN JOSE, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) confirmed today that its water systems will meet the new state maximum contaminant level (MCL) of 10 parts per billion (ppb) for chromium-6, which was adopted today by the State Water Resources Control Board.

Key Points:

SAN JOSE, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) confirmed today that its water systems will meet the new state maximum contaminant level (MCL) of 10 parts per billion (ppb) for chromium-6, which was adopted today by the State Water Resources Control Board.
In fact, Cal Water’s treatment system design was used as a model for other water utilities.
After the MCL was vacated, Cal Water continued to treat those wells to protect customer health and safety.
“We remain committed to meeting all state and federal standards set to protect public health and safety.”
Beyond removing chromium-6 from its affected water sources, Cal Water works to be a responsible steward of the environment.

Lithium Ionic Announces Maiden Mineral Resource Estimate and Initiation of PEA at its Salinas Project, Minas Gerais, Brazil; Increases Regional Mineral Resources by 45%

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Giovedì, Aprile 4, 2024

TORONTO, April 04, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”), is pleased to announce an initial NI 43-101 compliant Mineral Resource Estimate (“MRE”) for its Salinas Lithium Project (“Salinas” or the “Project”), increasing its global mineral resources by 45%. The Salinas property covers 662 hectares or ~4.5% of Lithium Ionic’s large 14,182-hectare land package within the “Lithium Valley” in Minas Gerais State, Brazil, and represents the third NI 43-101 compliant lithium MRE the Company has established to date. The “Lithium Valley” is a unique geological belt that hosts a significant concentration of lithium-bearing pegmatites, which are among the largest and highest grade in the world. The Company’s properties are located in a district that is quickly emerging as an important global lithium producer.

Key Points:

Independent Brazilian consultancy, GE21 Consultoria Mineral Ltda , based in Belo Horizonte, Minas Gerais, has been engaged to carry out a PEA based on the Salinas MRE.
Data from a total of 122 drill holes comprising 3,276 assays were included in the mineral resources model.
The 3D modelling of lithium Mineral Resources was conducted using a minimum cut-off grade of 0.3% Li2O within a preliminary lithological model.
The MRE was classified as Measured, Indicated and Inferred Mineral Resource based on data quality, sample spacing, and pegmatite continuity.

GEMINI LEGAL ACCOMMODATES LOCAL EMPLOYEES; MOVES CIVIL-LAW-BASED SERVICES HUB TO SALINAS

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Martedì, Marzo 26, 2024

Private law, Lincoln Avenue, Drug

ROCKLIN, Calif., March 26, 2024 /PRNewswire/ -- Gemini Legal Support, Inc., a privately-owned, technology-focused, legal products and services company, today announced that the hub of their civil-law-focused services and operations has moved from Monterey to Salinas to better accommodate the company's local employees.

Key Points:

ROCKLIN, Calif., March 26, 2024 /PRNewswire/ -- Gemini Legal Support, Inc., a privately-owned, technology-focused, legal products and services company, today announced that the hub of their civil-law-focused services and operations has moved from Monterey to Salinas to better accommodate the company's local employees.
The new Salinas location saves, on average, 1.5 commute hours per day for each local employee.
The Salinas location is one of three Gemini Legal offices.
Employees in the Salinas office provide court services, process serving, records retrieval, service of process and other legal services.