Bismuth

Pucarini Regional Follow-up Program Yields

Retrieved on: 
Wednesday, September 21, 2022
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Pursuant to our press release on April 20th, 2022 , an extensive regional mapping and sampling exploration program was launched and successfully executed to follow-up on 10 satellite targets in the district surrounding the Pucarini epithermal gold project.

Key Points: 
  • Pursuant to our press release on April 20th, 2022 , an extensive regional mapping and sampling exploration program was launched and successfully executed to follow-up on 10 satellite targets in the district surrounding the Pucarini epithermal gold project.
  • In late 2020, the Company staked 18 regional claims surrounding Pucarini, comprising 16,100 hectares.
  • The area selection was guided by knowledge gained at Pucarini to search for expressions of similar hydrothermal alteration signatures recognized in ASTER satellite imagery as part of the Company's regional generative exploration program.
  • One of these properties, named Pucarini North is immediately northwest and adjacent to Pucarini.

First Tellurium Plans October Drill Campaign to Investigate Copper Porphyry Target at Deer Horn Property

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Wednesday, September 21, 2022
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Dr. Lee Groat of the University of British Columbia, who led the August investigation, will direct the upcoming, small-scale drill campaign at Deer Horn.

Key Points: 
  • Dr. Lee Groat of the University of British Columbia, who led the August investigation, will direct the upcoming, small-scale drill campaign at Deer Horn.
  • The August investigation followed up on copper showings discovered at Deer Horn in 2012.
  • In addition to copper, tellurium, silver and gold, Deer Horn hosts other mineralized targets and zones containing tungsten, bismuth, lead, zinc and molybdenum.
  • Identifying a large-scale copper porphyry system at Deer Horn could be a game-changer for the Company.

Awalé Extends its Exploration Footprint in the Odienné District, Côte d'Ivoire

Retrieved on: 
Wednesday, September 7, 2022
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We have further capitalised on our first mover advantage in the district with these two new 100% Awal owned permit applications.

Key Points: 
  • We have further capitalised on our first mover advantage in the district with these two new 100% Awal owned permit applications.
  • Newmont is sole funding the exploration program at Odienn during the earn in period.
  • Awal Resources entered a exploration earn-in and joint venture agreement with the Newmont Corporation in May 2022.
  • (2019) show that a large igneous intrusive province has formed along this paleosuture zone, and this province extends through Odienn.

ENCORE ENERGY COMPLETES BASELINE WELLS INSTALLATION and BEGINS DRILLING of INJECTION AND RECOVERY WELLS AT ROSITA EXTENSION

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Tuesday, September 6, 2022
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enCore's Rosita Plant, located approximately 60 miles from Corpus Christi, Texas, is a licensed, past-producing in-situ recovery (ISR) uranium plant that is completing refurbishment.

Key Points: 
  • enCore's Rosita Plant, located approximately 60 miles from Corpus Christi, Texas, is a licensed, past-producing in-situ recovery (ISR) uranium plant that is completing refurbishment.
  • The final stage of refurbishment work will be completed with the delivery of six pumps that have been delayed due to unexpected supply chain interruptions.
  • We remain on budget and the delay is not expected to impact scheduled production startup in 2023.
  • enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant by 2023.

Fortune Minerals Announces Completion of 2015 Debentures Extension

Retrieved on: 
Thursday, August 18, 2022
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Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to announce that, further to the company's news release dated August 16, 2022, it has executed definitive documentation with the holders of its debentures issued in 2015 (the "2015 Debentures") to extend their maturity date from August 12, 2022 to November 30, 2022.

Key Points: 
  • Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to announce that, further to the company's news release dated August 16, 2022, it has executed definitive documentation with the holders of its debentures issued in 2015 (the "2015 Debentures") to extend their maturity date from August 12, 2022 to November 30, 2022.
  • As additional consideration for the extension of the maturity date, the Company has issued to the holders of the Amended Debentures an aggregate of 3,500,000 common shares of the Company.
  • The shares are subject to a hold period of four months and one day from the date of issuance.
  • Fortune is a Canadian mining company focused on developing the NICO Project in the Northwest Territories and Alberta.

Fortune Minerals Negotiates Agreement in Principle to Extend the Term of Its 2015 Debentures

Retrieved on: 
Tuesday, August 16, 2022
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Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to announce that it has reached an agreement in principle with the holders of its debentures issued in 2015 (the 2015 Debentures) to extend their maturity from August 12, 2022 to November 30, 2022.

Key Points: 
  • Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to announce that it has reached an agreement in principle with the holders of its debentures issued in 2015 (the 2015 Debentures) to extend their maturity from August 12, 2022 to November 30, 2022.
  • The extension of the maturity date of the 2015 Debentures remains subject to finalizing and executing definitive documentation between the Company and the holders of the 2015 Debentures (the Extension Documents).
  • The Amended Debentures will be secured by all of the assets of the Company (including the NICO cobalt-gold-bismuth-copper project (NICO Project).
  • Other than the foregoing, the material terms and conditions of the Amended Debentures are expected to remain substantially consistent with the terms of the 2015 Debentures.

ENCORE ENERGY Q2/2022 URANIUM DRILLING UPDATE; NEW TREND DISCOVERY AT ROSITA PROJECT, TEXAS

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Tuesday, August 2, 2022
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enCore's Rosita Plant, located approximately 60 miles from Corpus Christi, Texas, is a licensed, past-producing in-situ recovery (ISR) uranium plant that is completing refurbishment.

Key Points: 
  • enCore's Rosita Plant, located approximately 60 miles from Corpus Christi, Texas, is a licensed, past-producing in-situ recovery (ISR) uranium plant that is completing refurbishment.
  • The Rosita Plant is designed to process uranium feed from multiple satellite operations, all located in the South Texas area, and is 1 of 11 licensed and constructed uranium processing plants in the United States, 2 of which are owned by enCore Energy.
  • Without accurate uranium values, the potential for inaccurate estimates of mineralization on both the high and low side is ever present.
  • enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant by 2023.

H.C. Starck Invests in Nyobolt, an Ultra-fast Charging, Ultra-high Power Density Battery Business

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Friday, July 15, 2022
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GOSLAR, Germany, July 15, 2022 /PRNewswire/ -- H.C. Starck Tungsten Powders ("HCS"), a wholly owned subsidiary of Masan High-Tech Materials ("MHT"), today announced the signing of definitive agreements to invest £45m (approx. €52m) into Nyobolt Limited ("Nyobolt"), a fast-charging Li-ion battery solutions company that leverages HCS's advanced tungsten materials in its anode, for a 15% equity interest on a fully diluted basis. The investment, representing the majority of Nyobolt's Series B financing round, is expected to accelerate HCS's vision of becoming a high-tech, value-added business by developing new tungsten applications critical for the technologies of the future.

Key Points: 
  • Nyobolt is commercializing lithium-ion batteries with record power density and ultra-fast charge capabilities.
  • The company's technology builds on a decade of fast charge lithium-ion battery research led by University of Cambridge battery scientist Professor Dame Clare Grey.
  • Nyobolt are pioneering battery technologies that achieve record-breaking ultra-fast charging and high-power density.
  • Nyobolt's solutions enable sustainable electrification strategies with smaller, lighter and longer life battery powered devices aiming towards carbon neutral goals.

Fortune Minerals Extends Purchase Option for NICO Refinery Site in Alberta Until the End of September

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Thursday, July 14, 2022
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Fortune can acquire the JFSL site and facilities for C$5.5 million before the end of September 2022 by paying C$15,000 per month to extend the option.

Key Points: 
  • Fortune can acquire the JFSL site and facilities for C$5.5 million before the end of September 2022 by paying C$15,000 per month to extend the option.
  • The JFSL facility is a former steel fabrication plant with 42,000 square feet of serviced shops and buildings adjacent to the Canadian National Railway.
  • The project has also been assessed in positive feasibility and front-end engineering and design (FEED) studies that will be updated to reflect the new refinery site.
  • Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper Critical Minerals project in the NWT and Alberta.

Fortune Minerals Updates NICO Refinery Site Due-Diligence

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Wednesday, June 8, 2022
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Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to report that due-diligence activities are advancing on the Companys proposed new refinery site location in Lamont County in Albertas Industrial Heartland northeast of Edmonton (see Fortune news release dated January 24, 2022).

Key Points: 
  • Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to report that due-diligence activities are advancing on the Companys proposed new refinery site location in Lamont County in Albertas Industrial Heartland northeast of Edmonton (see Fortune news release dated January 24, 2022).
  • Fortune has retained several engineering and environmental consultants to determine the suitability of the JFSL site and facilities to accommodate the planned NICO Project refinery and provide a regulatory roadmap to secure the remaining permits.
  • Fortune has expended more than C$137 million to advance the NICO Project from an in-house discovery to a near-term producer with a minimum 20-year supply of Critical Minerals.
  • Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper Critical Minerals project in the NWT and Alberta.