Sociedade de Desenvolvimento Mineiro

RIX MINERAÇÃO REAFFIRMS THE TRANSFER OF EXPLORATION SUB-PLOTS TO SIGMA BRAZIL DOES NOT IMPACT FUTURE OPERATIONS OF BOTH COMPANIES

Retrieved on:

Friday, September 29, 2023

Lithium, S/A, MBA, Exploration, Mining, Locative adverb, SAO, Sociedade de Desenvolvimento Mineiro, Farm, Security (finance), Management, Holding company, RIX

SAO PAULO, Sept. 29, 2023 /PRNewswire/ -- RIX Mineração e Consultoria S.A. ("RIX") (private), a private holding company of mining properties in Brazil located at Vale do Jequitinhonha in Minas Gerais, states that the transfer of two small sub-divisions of an exploration permit ("Exploration Sub-Plots") to Sigma Brazil was approved by the courts, subject to certain conditions. RIX believes these conditions are fair and do not impact the potential future mining operations of either one of the two companies. Hence RIX did not appeal the legal decision.

Key Points:

The courts decided that any undue loss to RIX for the transfer to Sigma Brazil can be resolved through compensation amongst RIX shareholders.
This compensation is an internal matter related to RIX and does not impact Sigma Brazil nor its parent company Sigma Lithium.
RIX believes these conditions are fair and do not impact the potential future mining operations of either one of the two companies.
Sigma Brazil can remove waste and ground at the Exploration Sub-Plots, without violating the conditionality of the transfer.

ASCENDANT RESOURCES EARNS 80% INTEREST IN THE LAGOA SALGADA PROJECT IN PORTUGAL AND FILES FEASIBILITY STUDY

Retrieved on:

Tuesday, August 1, 2023

As a result, Ascendant now holds an 80% interest in the Lagoa Salgada Project through Redcorp Empreedimentos Mineiros Lda ("Redcorp").

Key Points:

As a result, Ascendant now holds an 80% interest in the Lagoa Salgada Project through Redcorp Empreedimentos Mineiros Lda ("Redcorp").
The CIM Code is an internationally recognized reporting code as defined by the Committee for Mineral Reserves International Reporting Standards.
If EDM elects to exercise its option, the MF&I interest will be reduced to 5% and MF&I will have the right to put this interest to Ascendant.
Mark Brennan, Executive Chairman of Ascendant stated, "The completion of this initial feasibility study and solidifying our 80% interest in the Laga Salgada project, marks a significant milestone for the Company.

Ascendant Closes First Tranche of C$3.5 Million Non-Brokered Private Placement

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Friday, May 20, 2022

TORONTO, May 20, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) ("Ascendant" or the "Company") is pleased to announce the close of the first tranche (“First Tranche”) of its non-brokered private placement (the "Offering") announced on May 13, 2022. The second and final tranche to complete the offering, is expected to close on or about May 25, 2022.

Key Points:

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, May 20, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) ("Ascendant" or the "Company") is pleased to announce the close of the first tranche (First Tranche) of its non-brokered private placement (the "Offering") announced on May 13, 2022.
The second and final tranche to complete the offering, is expected to close on or about May 25, 2022.
Under the First Tranche, the Company has issued 14,416,893 common shares of the Company at a price of C$0.20 per common share (the "Offering Price") for aggregate proceeds of C$2,883,378.60.
Insiders of the Company subscribed for a total of 9,766,893 common shares at the Offering Price for total gross proceeds of C$1,953,378.60.

Ascendant Resources Provides Update on Geological and Exploration Activities at Its Lagoa Salgada Property in Portugal

Retrieved on:

Monday, May 16, 2022

We look forward to initiating future drilling programs as we look to expand the overall resource potential on the greater Lagoa Salgada land package.

Key Points:

We look forward to initiating future drilling programs as we look to expand the overall resource potential on the greater Lagoa Salgada land package.
Ascendant retained International Geophysical Technology (IGT) to undertake 2 phases of Deep Penetrating Electromagnetic (DPEM) surveying over the Venda Nova deposit at Lagoa Salgada.
Ascendant is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.
The Company's interest in the Lagoa Salgada project offers a low-cost entry to a potentially significant exploration and development opportunity, already demonstrating its mineable scale.

Ascendant Resources Announces Non-Brokered Private Placement

Retrieved on:

Friday, May 13, 2022

TORONTO, May 13, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) ("Ascendant" or the "Company") is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to C$3.5 million (the "Offering"). The Company intends to issue up to 17.5 million common shares of the Company (each a "Common Share") at a price of C$0.20 per Common Share.

Key Points:

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, May 13, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) ("Ascendant" or the "Company") is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to C$3.5 million (the "Offering").
The common shares will be offered on a private placement basis pursuant to the "accredited investor" exemption or other available and agreed upon exemptions from prospectus requirements.
Ascendant is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.
The Venda Nova deposit at Lagoa Salgada contains over 10.33 million tonnes of Measured and Indicated Resources @ 9.06 % ZnEq and 2.50 million tonnes of Inferred Resources @ 5.93 % ZnEq in the North zone; and 4.42 million tones of Indicated Resources @ 1.50 % CuEq and 10.83 million tonnes of Inferred resources @ 1.35 % CuEq in the South zone.

Ascendant Resources Intersects 78.5 Meters @ 22.72% Zinc Equivalent of Massive Sulphide in Venda Nova North Deposit at Lagoa Salgada Property Portugal

Retrieved on:

Tuesday, May 3, 2022

TORONTO, May 03, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) reports assay results from 6 metallurgical holes drilled between November 2021 and March 2022 at the Venda Nova deposit at its Lagoa Salgada Project, Portugal. The scope of the program was designed to generate fresh representative samples to optimize the metal recoveries from the various ore types seen within the Venda Nova as part of the ongoing metallurgical testwork. Samples are being tested at Grinding Solutions Ltd. (“GSL”) in the United Kingdom.

Key Points:

In addition, the new holes (and incorporating previous results) have now identified a new subdomain within the massive sulphides in the north zone.
The increased understanding of the various domains is expected to improve the accuracy of metallurgical testing and subsequent results.
Four holes were collared in the North Zone and 2 in the South Zone (Tables 1 and 2 and Figure 2).
The deposit demonstrates typical mineralization characteristics of Iberian Pyrite Belt VMS deposits containing zinc, copper, lead, tin, silver and gold.

Ascendant Resources Lagoa Salgada Project Attributed Project of National Interest Status by Portuguese Government

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Thursday, April 28, 2022

TORONTO, April 28, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND; OTCQB: ASDRF) ("Ascendant" or the "Company) is pleased to announce that the Lagoa Salgada VMS project (the Project) has been recognized by the Portuguese Government as a Project of National Interest (PIN).

Key Points:

TORONTO, April 28, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND; OTCQB: ASDRF) ("Ascendant" or the "Company) is pleased to announce that the Lagoa Salgada VMS project (the Project) has been recognized by the Portuguese Government as a Project of National Interest (PIN).
Mark Brennan, Ascendants Executive Chairman commented, To have the Lagoa Salgada project recognized as a Project of National Interest from the Portuguese Government is a very significant milestone for the project.
Ascendant holds a 25% interest in the Lagoa Salgada project through its position in Redcorp - Empreendimentos Mineiros, Lda, ("Redcorp") and has an earn-in opportunity to increase its interest in the project to 80%.
The Company's interest in the Lagoa Salgada project offers a low-cost entry to a potentially significant exploration and development opportunity, already demonstrating its mineable scale.

Ascendant Provides an Update on Its Ongoing Feasibility Study and Related Activities at Its Lagoa Salgada Project, Portugal

Retrieved on:

Monday, April 4, 2022

Drilling is focused on upgrading a significant component of the Venda Nova deposit to the Measured and Indicated Resource categories to support the Feasibility Study program.

Key Points:

Drilling is focused on upgrading a significant component of the Venda Nova deposit to the Measured and Indicated Resource categories to support the Feasibility Study program.
In addition, some drill holes are also more exploratory in nature to expand the overall potential resources seen in the area.
Currently there are three core drill rigs on site and we expect delivery of a fourth rig in early April.
Ascendant is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.

StoneCo Announces Board Changes

Retrieved on:

Thursday, March 24, 2022

In May 2012, Engel joined Santander, where he served as head of the Retail Business and the Wealth Management & Specialized Businesses, a member of Santander Board of Directors, a member of the Risk and Compliance Committee, as well as Chairman of the Board of Directors of Banco Ol Bonsucesso Consignado S.A. and Chairman of the Advisory Board of Santander Brasil Gesto de Recursos.

Key Points:

In May 2012, Engel joined Santander, where he served as head of the Retail Business and the Wealth Management & Specialized Businesses, a member of Santander Board of Directors, a member of the Risk and Compliance Committee, as well as Chairman of the Board of Directors of Banco Ol Bonsucesso Consignado S.A. and Chairman of the Advisory Board of Santander Brasil Gesto de Recursos.
Mr. Engel holds a degree in aeronautical engineering from the Instituto Tecnolgico de Aeronutica - ITA.
Pedro Zinner is currently the Chief Executive Officer of Eneva, one of the leading power-generation companies in Brazil.
StoneCo is a leading provider of financial technology and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their businesses.

2.5 million tonnes per year potash mining concession granted to Verde

Retrieved on:

Thursday, February 10, 2022

CEO, Sociedade de Desenvolvimento Mineiro, Mining feasibility study, Company, Mining, Law on Mining Concessions, Feasibility study, Sustainability, Secretaria Nacional de Ciencia y Tecnologia, TSX, GLOBE

With this new Mining Concession, the Company is now fully permitted to produce up to 2,833,000 tpy.

Key Points:

With this new Mining Concession, the Company is now fully permitted to produce up to 2,833,000 tpy.
This mining concession marks one more milestone for Verde.
This Mining Concession was granted to the Company as an expansion to the existing 100,000 tpy Mining Permit (in Brazil known as Guia de Utilizao), previously granted for Mine Pit 2.
With this latest Mining Concession, Verde is now fully permitted to mine 2,833,000 tpy (please see the topic Summary of Licenses and Permits below) and has submitted concurrent mining and environmental applications for an additional 2,500,000 tpy, still pending approval.