Mainspring

Arizona Sonoran and Nuton LLC Announce Option to Joint Venture on Cactus Project in Arizona

Retrieved on: 
Thursday, December 14, 2023
Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, Mining, Minerals, Trigger, Economics, Indian stock exchange, Rio Tinto, ASCU, NPV, TSX, News, Mechanics, Copper, South Tyrol Option Agreement, Exchangeable, Exercise, Dorsey & Whitney, Cactus, Scotiabank, Partnership, Water, Contract management, National instrument, Torys, Debt, Securities Transaction Tax, Debenture, Toronto Stock Exchange, Committee, Option, Uranium mining, Cochineal, Renting, Security (finance), Gunsmith, Satellite navigation device, Mainspring, Nuton, Interest

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.
  • Nuton has indicated the potential to significantly increase copper cathode output from our current 45-50 ktpa target which could materially enhance project economics.
  • In the event that Nuton exercises the Option, the parties will either form a Delaware limited liability company or deem Cactus to be the joint venture company for the Cactus Project (the “Joint Venture Corporation”).
  • Rothschild acted as financial advisor, and Torys LLP and Dorsey & Whitney LLP acted as legal advisors, to Nuton.

Arizona Sonoran Drills 1.97% CuT over 540 ft (164.6 m) at Parks/Salyer and Begins Drilling South of the Parks/Salyer Deposit

Retrieved on: 
Monday, October 30, 2023
Mining, Minerals, Natural Resources, Cut, Indication (medicine), Heart, ASCU, Mainspring, TSX, PR, Uranium mining, Tunnel, Copper, Jet fuel

Additionally, the Company has begun exploratory drilling at the MainSpring property (Parks/Salyer South) ( FIGURE 4 ), with five holes now complete.

Key Points: 
  • Additionally, the Company has begun exploratory drilling at the MainSpring property (Parks/Salyer South) ( FIGURE 4 ), with five holes now complete.
  • The program consists of up to 10 drill holes, targeting shallow mineralization 1,500 ft (~450 m) south of the Parks/Salyer deposit.
  • Historic ASARCO drilling supports the continuity of gradually shallower mineralization towards the south, which ASCU is testing via the current drill program.
  • These holes did encounter enriched and higher-grade primary mineralization below the fault, but the thickness of mineralization was terminated by the fault.

Arizona Sonoran Announces Updated Mineral Resource Estimate for the Cactus Project

Retrieved on: 
Monday, October 16, 2023
Natural Resources, Other Natural Resources, Mining, Minerals, Steps, SX/EW, ASARCO, Mainspring, 3D, Textbook, National instrument, ASCU, Classification, Arizona Public Service, Continuity, NE, Feasibility study, Database, Marketing, MRE, Government Legal Department, PFS, A Feasibility Study, Cut, Tons, CPG, Nature, Mineral Resources Limited, HL, Water, Copper, Uranium mining, Road, Cactus, Growth

Stockpile resource estimates have an effective date of 1st March, 2022, Cactus resource estimates have an effective date of 29th April, 2022, Parks/Salyer resource estimates have an effective date of 19th May, 2023.

Key Points: 
  • Stockpile resource estimates have an effective date of 1st March, 2022, Cactus resource estimates have an effective date of 29th April, 2022, Parks/Salyer resource estimates have an effective date of 19th May, 2023.
  • Technical and economic parameters defining resource pit shell: mining cost US$2.43/t; G&A US$0.55/t, 10% dilution, and 44°-46° pit slope angle.
  • The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, sociopolitical, marketing, or other relevant factors.
  • The Cactus Project resource updates are based upon updated drilling data and interpretations.

Arizona Sonoran Updates on Company Activities and Announces the Appointment of Steve Dixon, Chief Metallurgist

Retrieved on: 
Wednesday, September 6, 2023
Natural Resources, Other Natural Resources, Mining, Minerals, Area studies, Call, State, Goldcorp, Centre for Mined Land Rehabilitation, Metallurgy, 3D, Consultant, Mainspring, LME, PFS, Park, Amendment, ASCU, Freeport-McMoRan, B.S, Acquisition, Civil and Electrical Projects Contracting Company, Stantec, Engineering, Water, Project, Oxide, TSX, Copper, Press, Associate, PR, Rare-earth element, Engineered wood, Uranium mining, Management, Nuton, Chemistry

Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, today updates on exploration and development activities at the Cactus Mine Project, inclusive of the Parks/Salyer deposit.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, today updates on exploration and development activities at the Cactus Mine Project, inclusive of the Parks/Salyer deposit.
  • Furthermore, the owner-operator team continues to strengthen with the appointment of Mr. Steve Dixon, M.Sc.
  • Ongoing work programs include our advanced metallurgical programs, final engineering, mine planning and site characterizations as we progress towards our PFS.
  • ASCU’s most recent hire is Steve Dixon as Chief Metallurgist.

Mainspring Energy Wins BloombergNEF Pioneers Award 2023 for Accelerating the Deployment of Clean Hydrogen

Retrieved on: 
Monday, April 17, 2023
Hydrogen, Linearity, Mainspring, Ammonia, Renewable energy

MENLO PARK, Calif., April 17, 2023 /PRNewswire/ -- Mainspring Energy announced today that it has won the prestigious Bloomberg New Energy Finance Award 2023, in the category of Accelerating the Deployment of Clean Hydrogen, for the company's innovative fuel-flexible power generation technology.

Key Points: 
  • MENLO PARK, Calif., April 17, 2023 /PRNewswire/ -- Mainspring Energy announced today that it has won the prestigious Bloomberg New Energy Finance Award 2023, in the category of Accelerating the Deployment of Clean Hydrogen, for the company's innovative fuel-flexible power generation technology.
  • BNEF Pioneers awards recognize "transformative technologies with the potential to accelerate global decarbonization and halt climate change."
  • The recognition showcases Mainspring's advancements in power generation and highlights the significant benefits of the Mainspring Linear Generator to commercial, industrial, and utility customers.
  • The Mainspring Linear Generator is a new class of clean power generator with unprecedented fuel-flexibility – including the ability to directly run 100% hydrogen and ammonia as well as biogas and other fuels.

Arizona Sonoran Purchases Contiguous MainSpring Property Providing Additional Planning Flexibility for the PFS

Retrieved on: 
Tuesday, February 28, 2023
Natural Resources, Other Natural Resources, Mining, Minerals, TSX, State, Trust, News, National instrument, PSA, CPG, Mainspring, Engineering, ASCU, PFS, Sale, Multimedia, Engineered wood, Real estate, Commercial property

The total increased land position of the combined Cactus and Parks/Salyer project is expected to be 5,368 acres, up from 4,845 acres.

Key Points: 
  • The total increased land position of the combined Cactus and Parks/Salyer project is expected to be 5,368 acres, up from 4,845 acres.
  • As a result, operational flexibility significantly improves with regards to planning requirements for the re-scoped pre-feasibility study (“PFS”) (see FIGURE 1 ).
  • The MainSpring Property demonstrates exploration upside contiguous to the Parks/Salyer project and may be the subject of future work programs for the Company.
  • Neither the TSX nor the regulating authority has approved or disproved the information contained in this press release.

Mainspring Announces First 100% Landfill Biogas Pilot Project for Mainspring Linear Generator in Yolo County, California

Retrieved on: 
Wednesday, September 28, 2022
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MENLO PARK, Calif., Sept. 28, 2022 /PRNewswire/ -- Clean power generation provider Mainspring Energy announced today that it has entered into an agreement with Yolo County, California, to pilot a Mainspring Linear Generator running biogas at the Yolo County Central Landfill.

Key Points: 
  • MENLO PARK, Calif., Sept. 28, 2022 /PRNewswire/ -- Clean power generation provider Mainspring Energy announced today that it has entered into an agreement with Yolo County, California, to pilot a Mainspring Linear Generator running biogas at the Yolo County Central Landfill.
  • Landfill biogas, a natural byproduct of the decomposition of organic material in landfills, when not controlled, produces significant amounts of methane emissions.
  • The pilot project will provide important real-world system experience as Yolo County evaluates the fuel-flexible linear generator technology in its biogas system.
  • The Mainspring Linear Generator's fuel-flexible, modular design is ideally suited for biogas system use to help meet this tremendous potential.

Mainspring Closes Series E at $290 Million

Retrieved on: 
Wednesday, September 21, 2022
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MENLO PARK, Calif., Sept. 21, 2022 /PRNewswire/ -- Clean power generation provider Mainspring Energy Inc. today announced the final close of its Series E financing at $290 million.

Key Points: 
  • MENLO PARK, Calif., Sept. 21, 2022 /PRNewswire/ -- Clean power generation provider Mainspring Energy Inc. today announced the final close of its Series E financing at $290 million.
  • Mainspring will use the funds to expand operations and scale manufacturing of its innovative clean energy generators.
  • On May 24th this year, simultaneously with announcing a major commercial sales deal , Mainspring disclosed it had completed its first close of the Series E at $150 million.
  • The company has since expanded the raise by an additional $140 million, to reach the $290 million Series E final close.

Agiloft and Mainspring Consulting Group Partner to Accelerate Digital Transformation with AI-Driven CLM

Retrieved on: 
Wednesday, July 20, 2022
Middle office, Global Alliance for Improved Nutrition, VP, CRO, Magic Quadrant, CLM, Solution, Partnership, Risk, Contract lifecycle management, Adoption, Organization, Technology, High tech, Mainspring, Contract, Risk management, Gartner, Agiloft

CHICAGO, July 20, 2022 /PRNewswire/ -- Agiloft, the global standard in contract lifecycle management (CLM), and Mainspring Consulting Group, a leading services provider of innovative business solutions for the Middle Office, today announced a strategic partnership to drive expansion of Agiloft's Contract Lifecycle Management Suite across several high-growth sectors.

Key Points: 
  • Mainspring will offer services to implement, maintain, and then drive adoption of Agiloft's AI-driven Contract Lifecycle Management (CLM) software.
  • Mainspring works with municipalities and multinational clients across many highly regulated verticals, including Health Life Sciences, Finance, High Tech, and others.
  • "Mainspring is a great example of the expertise that is available throughout Agiloft's partner network," said Elisabeth Bykoff, VP of Agiloft's Global Alliances.
  • For more information on the power of this Agiloft and Mainspring partnership, watch the recent webinar "Implementing AI-Driven CLM to Scale Operations."

Mainspring Announces Linear Generator Pilot Project with Leading Utility AEP

Retrieved on: 
Tuesday, July 19, 2022
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MENLO PARK, Calif., July 19, 2022 /PRNewswire/ -- Mainspring Energy announced today that it has entered into a memorandum of understanding ("MOU") with leading U.S utility American Electric Power (AEP) to pilot Mainspring's linear generator technology in Oklahoma.

Key Points: 
  • MENLO PARK, Calif., July 19, 2022 /PRNewswire/ -- Mainspring Energy announced today that it has entered into a memorandum of understanding ("MOU") with leading U.S utility American Electric Power (AEP) to pilot Mainspring's linear generator technology in Oklahoma.
  • The pilot project will provide important real-world system experience as AEP evaluates a variety of potential grid-side use cases for the flexible linear generator technology, including:
    AEP will evaluate a variety of potential grid-side use cases for the flexible linear generator solution.
  • We are proud to be working with AEP, a recognized leader in finding ways to use clean technology solutions to benefit its customers."
  • The Mainspring Linear Generator is designed to meet these demands with an unprecedented level of flexibility for several grid requirements for the transition ahead.