National instrument

Ultra Lithium Granted Voluntary Management Cease Trade Order

Retrieved on: 
Monday, March 4, 2024

VANCOUVER, British Columbia, March 04, 2024 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSXV: ULT OTCQB: ULTXF Frankfurt: QFB) (“Ultra Lithium” or the “Company”) announces that effective February 29, 2024 it has been granted a voluntary management cease trade order in accordance with National Policy 12-203 due to it not being able to file its annual financial statements and management’s discussion and analysis (“MD&A”) for the year ended October 31, 2023 on SEDAR within 120 days of its financial year-end.

Key Points: 
  • VANCOUVER, British Columbia, March 04, 2024 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSXV: ULT OTCQB: ULTXF Frankfurt: QFB) (“Ultra Lithium” or the “Company”) announces that effective February 29, 2024 it has been granted a voluntary management cease trade order in accordance with National Policy 12-203 due to it not being able to file its annual financial statements and management’s discussion and analysis (“MD&A”) for the year ended October 31, 2023 on SEDAR within 120 days of its financial year-end.
  • The management cease trade order has been granted by the Company’s principal regulator, the British Columbia Securities Commission.
  • The management cease trade order will prohibit the chief executive officer and the chief financial officer of the Company from trading in securities of the Company for so long as the annual financial statements and MD&A are not filed.
  • The issuance of the management cease trade order does not affect the ability of persons other than the chief executive officer and the chief financial officer of the Company to trade in the Company's securities.

Benjamin Hill Mining Corp. Announces Private Placement of Units

Retrieved on: 
Monday, March 4, 2024

Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).

Key Points: 
  • Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).
  • The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
  • The issuance of the Common Shares under the Shares for Debt Transaction is subject to acceptance for filing by the CSE.
  • All Common Shares to be issued in connection with the Shares for Debt Transaction will be subject to a four month and one day hold.

Surging Lithium Market Growth Expected Through 2030 Due to Increasing Adoption of Cleaner Energy Sources

Retrieved on: 
Monday, March 4, 2024

Rising demand for lithium batteries, lubricants, glass & ceramics, and foundry is expected to foster the growth of this market.

Key Points: 
  • Rising demand for lithium batteries, lubricants, glass & ceramics, and foundry is expected to foster the growth of this market.
  • The growing adoption of hybrid and electric vehicles, high-drain portable electronics, and energy storage systems have boosted the growth of the overall market.
  • The Paris Agreement aims to reduce greenhouse gas (GHG) emissions by at least 40% under its 2030 climate and energy framework.
  • Governments in several countries worldwide are implementing strict emission standards to reduce and control carbon emissions, thus augmenting market growth.

Discovery Lithium’s 2023 Exploration Program Sets the Stage for 2024

Retrieved on: 
Friday, March 1, 2024

VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTC: DCLIF) (FRA: Q3Q0) (WKN: A3EFKA) (the “Company” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to provide the following summary of its recently concluded 2023 exploration program in the province of Quebec.

Key Points: 
  • VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTC: DCLIF) (FRA: Q3Q0) (WKN: A3EFKA) (the “Company” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to provide the following summary of its recently concluded 2023 exploration program in the province of Quebec.
  • All outstanding results from 2023 have been received and are being interpreted by Discovery Lithium’s exploration team.
  • Company Technical Director Dr. Jacob Verbaas, P. Geo states, “We expect 2024 to be an exciting year for the Company.
  • The Phase 2 exploration programs are expected to outline drill targeting and drilling in the latter half of 2024.

Fobi AI Announces Completion of Fully Subscribed Upsized Non-Brokered LIFE Offering and & New Non-Brokered Placement

Retrieved on: 
Wednesday, February 28, 2024

VANCOUVER, BC, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that, further to its press releases dated February 2, 2024, February 23, 2024 and February 26, 2024, it has completed the final closing of its previously announced fully-subscribed upsized non-brokered private placement pursuant to the listed issuer financing exemption (the “Listed Issuer Financing Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) (the “LIFE Offering”).

Key Points: 
  • The total LIFE Offering was comprised of the issuance of an aggregate of 34,905,498 Units at a price per Unit of C$0.07 for aggregate gross proceeds of $2,443,384.94.
  • For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.
  • Due to additional interest, the Company is also pleased to announce a new non-brokered private placement offering of Units (the "Non-LIFE Offering").
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

***February 28, 2024 - Redistribution of prior news release dated February 2, 2024 for wide dissemination*** Fobi AI Announces Private Placement of Units for Aggregate Gross Proceeds of Up To C$2,000,000

Retrieved on: 
Wednesday, February 28, 2024

Each Unit shall consist of one (1) common share in the capital of the Company (a “Common Share”) and one (1) common share purchase warrant (each, a “Warrant”).

Key Points: 
  • Each Unit shall consist of one (1) common share in the capital of the Company (a “Common Share”) and one (1) common share purchase warrant (each, a “Warrant”).
  • For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.
  • There is an offering document related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s investor website at https://investors.fobi.ai/life-offering-subscription-agreement .
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Stallion Uranium Announces Additional Uranium Property Staking, Further Expanding Largest Exploration Land Package in Southwestern Athabasca Basin

Retrieved on: 
Wednesday, February 28, 2024

This increases Stallion’s total land package in the Southwestern Basin to 321,875 hectares (795,353 acres).

Key Points: 
  • This increases Stallion’s total land package in the Southwestern Basin to 321,875 hectares (795,353 acres).
  • The nine dispositions add an additional 19,361 hectares to Stallion’s 100% owned holdings in the Athabasca Basin.
  • “The total land package we have been able to put together is unrivalled in the Southwestern Basin, not only in size, but also in the number of highly prospective target areas discovered.
  • These geophysical signatures are known to be associated with uranium mineralization in the basin, and Stallion was able to cover additional length of the high potential conductive corridors.

Skyharbour’s Partner Company North Shore Uranium Provides Falcon Uranium Property Drill Program Update

Retrieved on: 
Wednesday, February 28, 2024

Vancouver, BC, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that its partner company, North Shore Uranium (“North Shore”) has provided an update on the upcoming drill program at the 55,699 hectare Falcon Uranium Property (“Falcon” or the “Property”) located at the eastern margin of the Athabasca Basin in northern Saskatchewan.

Key Points: 
  • Vancouver, BC, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that its partner company, North Shore Uranium (“North Shore”) has provided an update on the upcoming drill program at the 55,699 hectare Falcon Uranium Property (“Falcon” or the “Property”) located at the eastern margin of the Athabasca Basin in northern Saskatchewan.
  • North Shore has further refined its targeting criteria and the drill program is set to commence in mid-March.
  • North Shore plans to drill test up to three targets along a strong, dominantly northeast-trending EM conductor system at the southern end of the property.
  • Working with TerraLogic and Condor, North Shore is in the final stages of ranking and prioritizing drill targets for the March program.

Lancaster Resources Acquires High-Impact Uranium Claims in Athabasca Basin

Retrieved on: 
Tuesday, February 27, 2024

VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF) (“Lancaster”), Lancaster Resources, a North American critical minerals exploration company, is excited to announce the acquisition of two high impact mineral claims in the world-class Athabasca Basin.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF) (“Lancaster”), Lancaster Resources, a North American critical minerals exploration company, is excited to announce the acquisition of two high impact mineral claims in the world-class Athabasca Basin.
  • The Catley Lake & Centennial East mineral claims are located immediately adjacent to Cameco’s Centennial deposit claim block in the south-central area of the Athabasca basin.
  • Lancaster is planning to progress exploration on the claims with new, modern technologies, to identify favourable geology, structures, and corridors that could host high concentrations of uranium.
  • Lancaster is continuing to build on our ability to develop and provide critical minerals with uranium to support our lithium projects."

Skyharbour Announces Additional Uranium Property Staking Increasing Total Property Portfolio to over 1.45 Million Acres in the Athabasca Basin, Saskatchewan

Retrieved on: 
Tuesday, February 27, 2024

The properties are prospective for both basement-hosted unconformity-related U and pegmatite-hosted U-Th-REE, with additional potential to host base metals and other critical minerals.

Key Points: 
  • The properties are prospective for both basement-hosted unconformity-related U and pegmatite-hosted U-Th-REE, with additional potential to host base metals and other critical minerals.
  • In addition to the newly staked claims, several other claims were re-staked during competitive staking rushes in the Usam and Riou River areas.
  • Riou River now consists of 8,620 ha over six claims in the north-central portion of the Athabasca Basin and is underlain by Athabasca Supergroup sandstone and conglomerate.
  • These new claims are also located in close proximity to Highway 905 and have historical U-Th pegmatite showings on them.