Japan Oil, Gas and Metals National Corporation

Ivanhoe Mines Awarded 80 Square Kilometres of New Exploration Rights on South Africa's Bushveld Complex

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Thursday, October 27, 2022
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Mokopane, South Africa--(Newsfile Corp. - October 27, 2022) - Ivanhoe Mines' (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announce today that the company has been granted three new highly prospective exploration rights adjacent to the company's Platreef palladium, rhodium, nickel, platinum, copper, and gold development project in Limpopo Province, South Africa.

Key Points: 
  • Ivanhoe Mines has received notification from the South Africa Department of Minerals and Energy (DMRE) that it has obtained three new significant exploration rights, covering a total surface area of 80 square kilometres.
  • The new exploration rights are located at the intersection of a highly significant gravity geophysical anomaly and major regional geological structures.
  • We continue to actively assess opportunities to add exploration projects to our portfolio to leverage our industry leading geological team."
  • In the opinion of the geological team at Ivanhoe Mines, the "Mokopane Feeder" anomaly is the most significant gravity feature in the entire Bushveld Complex (See Figure 2 and Figure 4).

Ivanplats Receives Final $225 Million Prepayment Under Platreef Streaming Agreements

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Thursday, September 15, 2022
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Updated engagement letters signed with Société Générale and Nedbank for expanded $150 million Platreef senior debt facility

Key Points: 
  • This included a $200 million gold-streaming facility and a $100 million palladium and platinum streaming facility.
  • The first prepayment of $75 million was received upon the closing of the transaction in December 2021.
  • The fully realized stream agreements allow Ivanplats to advance Platreefs ongoing Phase 1 construction activities, with an initial capital cost of $488 million as set out in the Platreef feasibility study announced in February 2022.
  • The Platreef Project is owned by Ivanplats (Pty) Ltd (Ivanplats), which is 64%-owned by Ivanhoe Mines.

Irving Resources Reports 2022 Grant of Stock Options

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Monday, September 12, 2022
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VANCOUVER, British Columbia, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (Irving or the Company) announces that pursuant to the Companys stock option plan, it has granted incentive stock options to its directors, officers, employees and consultants to purchase an aggregate of 1,795,000 common shares at an exercise price of $1.00 per share.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (Irving or the Company) announces that pursuant to the Companys stock option plan, it has granted incentive stock options to its directors, officers, employees and consultants to purchase an aggregate of 1,795,000 common shares at an exercise price of $1.00 per share.
  • The stock options have a term of three (3) years, with one-third of the grant vesting every six (6) months from grant day with full vesting in the first 18 months of the term.
  • Irving is a junior exploration company with a focus on gold in Japan.
  • Irving also holds, through a subsidiary, a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC).

Rare Earth Elements: Our Green Energy Technology Future is in Its Mining

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Thursday, September 8, 2022
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The global rare earth metal market share is expected to grow to $9.65 billion in 2026 at a CAGR of 10.3%.

Key Points: 
  • The global rare earth metal market share is expected to grow to $9.65 billion in 2026 at a CAGR of 10.3%.
  • USA Rare Earth plans to invest more than $100 million in developing the manufacturing facility and will utilize its owned facilities and technology to convert rare earth oxides into metals, magnets and other specialty materials.
  • Lynas Rare Earths was established as an ethical and environmentally responsible producer of rare earth materials and is the world's only significant producer of separated rare earth materials outside of China.
  • If we want technology to advance hand-in-hand with a green future, the rare earth elements sector will play an integral role.

Irving Resources Reports Voting Results of Annual General Meeting

Retrieved on: 
Wednesday, August 24, 2022
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Irving is a junior exploration company with a focus on gold in Japan.

Key Points: 
  • Irving is a junior exploration company with a focus on gold in Japan.
  • Irving also holds, through a subsidiary, a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC).
  • Additional information can be found on the Companys website: www.IRVresources.com .
  • THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

Irving Resources Announces Completion of Non-Brokered Private Placement

Retrieved on: 
Thursday, August 4, 2022
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VANCOUVER, British Columbia, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce that it has raised gross proceeds of US$2,600,000 (C$3,327,220) in a private placement with Sumitomo Corporation (“Sumitomo”) by the issuance of 2,705,056 common shares of the Company at a purchase price of C$1.23 per share. These shares are subject to a hold period in Canada expiring on December 5, 2022.

Key Points: 
  • The proceeds from this private placement will be allocated as follows:
    70% to fund exploration activities on Irvings Omu project and towards the purchase price for a drill rig; and
    30% to fund an exploration and development alliance previously formed with Sumitomo.
  • Irving is a junior exploration company with a focus on gold in Japan.
  • Irving also holds, through a subsidiary, a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC).
  • Person (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the 1933 Act)) of any securities of Irving.

Irving Resources Announces Completion of Non-Brokered Private Placements

Retrieved on: 
Wednesday, July 13, 2022
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VANCOUVER, British Columbia, July 13, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to announce the closing of its private placement with Newmont Corporation (“Newmont”) and concurrent private placement of units (the “Unit Placement”), both announced in the Company’s news release of June 20, 2022.

Key Points: 
  • Each Unit is comprised of one common share of the Company and one-half of a share purchase warrant (the Warrants).
  • Irving welcomes Crescat Portfolio Management LLC (Crescat), an investment manager in the United States, as lead strategic investor in the Unit Placement.
  • Crescats C$1 million investment, together with Newmonts continuing financial support, places Irving in a strong position to advance its exploration programs.
  • Irving also holds, through a subsidiary, a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC).

Irving Resources Announces Non-Brokered Private Placements

Retrieved on: 
Wednesday, July 6, 2022
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VANCOUVER, British Columbia, July 06, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to welcome Crescat Capital LLC ("Crescat") as lead strategic investor in the private placement of units (“Units”) announced in Irving’s news release of June 20, 2022. Crescat has agreed to invest $1 million (the "Crescat Investment") by subscribing for 1 million Units. Each Unit will consist of one Common Share and one-half of one Common Share purchase warrant, each whole Warrant entitling the holder to purchase one Common Share at a price of $1.60 for a period of three years.

Key Points: 
  • VANCOUVER, British Columbia, July 06, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (Irving or the Company) is pleased to welcome Crescat Capital LLC ("Crescat") as lead strategic investor in the private placement of units (Units) announced in Irvings news release of June 20, 2022.
  • Irving is a junior exploration company with a focus on gold in Japan.
  • Irving also holds, through a subsidiary, a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC).
  • Person (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the 1933 Act)) of any securities of Irving.

Irving Resources Announces Non-Brokered Private Placements

Retrieved on: 
Monday, June 20, 2022
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VANCOUVER, British Columbia, June 20, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) reports that the investment agreement (the “Investment Agreement”) entered into between Irving and Newmont Corporation (“Newmont”) in April 2019, as amended (please refer to the Company’s news releases dated April 23, 2019, February 20, 2020 and April 12, 2021), has been further amended such that the next private placement which Newmont has the right to require the Company to undertake is now in the maximum amount of US$4,400,000 (the “2022 Newmont Placement”). In addition, Newmont has the right to require the Company to undertake a further private placement in the amount of US$6,000,000.

Key Points: 
  • In addition, Newmont has the right to require the Company to undertake a further private placement in the amount of US$6,000,000.
  • Irving also reports that Newmont has given notice of exercise of its right to proceed with the 2022 Newmont Placement.
  • Irving also intends to concurrently undertake a non-brokered private placement of units (the Concurrent Placement) to raise up to C$3,000,000 by the issuance of units (Units) at a price of C$1.00 per Unit.
  • Irving also holds, through a subsidiary, a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC).

Irving Resources Purchases Diamond Drills to Ramp Up Drilling in Japan

Retrieved on: 
Tuesday, June 7, 2022
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VANCOUVER, British Columbia, June 07, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (Irving or the Company) is pleased to announce it has purchased two new diamond drills for its exploration programs in Japan.

Key Points: 
  • VANCOUVER, British Columbia, June 07, 2022 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (Irving or the Company) is pleased to announce it has purchased two new diamond drills for its exploration programs in Japan.
  • A new Zinex A5 diamond drill has been secured through GeoTech Drilling Services Ltd., Prince George, British Columbia, and is anticipated to be shipped to Japan this week, arriving mid-July.
  • Having two drills will allow Irving to drill at two targets simultaneously which will help speed up the pace of exploration.
  • In addition, the Company will now have more flexibility to pursue drilling at its Omu project while simultaneously drilling other projects including Yamagano, as an example.