Pivotal Metals Limited (ASX:PVT) (“Pivotal” or the “Company”) is pleased to provide an update on its exploration plans at its 100% owned Horden Lake project in Quebec, Canada.
“We are proud to have completed on schedule a successful drilling and downhole geophysics program at Lake Horden, Pivotal’s first since acquiring the property. Our strategy to increase grades and tonnage at the project remains unchanged and we look forward to sharing the results as soon as possible . .
This work program prepares us for a busy 2024 as we work on resource upgrades, metallurgical testing and follow-on drilling to continue to expand our already significant mineral resources. I would like to thank our in-country team and contract partners for delivering a safe and well-executed program.”
The company has drilled 33 diamond holes at Lake Horden with a total depth of 7,014 meters (Fig. 1).
The plan is to enhance the quality and scale of the Holden Lake project and provide a framework for advancing the asset from a geological and engineering perspective.
The Val d’Or geological team is gradually recording the core and sending it to ALS Global for multi-element analysis. The first batch of test results were sent out on February 19, with results expected soon.
This article contains content from Pivotal Metals which was published under license from Australian Investment News. This article does not constitute financial product advice. It is your responsibility to conduct appropriate due diligence before acting on any information provided herein. See full disclaimer here.
Countries around the world are setting energy transition targets to meet emissions targets, leading to increased global competition for critical minerals. Canada and the United States have developed their own clean energy strategies, but both countries also rely heavily on imports. A common thread in critical mineral resource strategies is the need to develop domestic and/or IRA supply chains, which require significant public investment. All of these factors have combined to result in robust growth in global demand for minerals and intense competition for the attention of mining companies to support supplies of critical metals.
The JORC mineral resource of the Lake Horden Copper-Nickel-Platinum Group Metals Project in Quebec, Canada is estimated at 27.8 million tonnes (Mt) at 1.49% copper equivalent (CuEq) containing 414 kilotonnes (kt) CuEq. The deposit starts at the surface and is strategically located just 10 kilometers from the national highway. In addition to the identified resource, the depth of the deposit is open and it is believed that there is a high probability of discovering additional resources. The project has the advantage of being a mature and supportive mining jurisdiction in Quebec and having access to the low-cost, carbon-neutral La Grange hydroelectric dam.
The Belleterre-Angliers Greenstone Belt (BAGB) exploration project has discovered high-grade nickel, copper and PGM deposits over a total area of 157 square kilometers in Midrim, Lorraine and Alotte. The company is focused on the mineralized nutrition system, which has become the source of numerous discoveries to date.
As of January 2024, geological exploration work at the company’s projects continues. Pivotal Metals is launching an 8,000-metre drilling program at the Horden Lake project to increase the potential size and grade of the deposit and collect metallurgical samples to optimize testing. Borehole geophysical surveys will be completed to expand the extent of mineralization. Magnetotelluric survey results are awaited at the BAGB deposit to highlight telltale structures and identify targets for future drilling to test extensive massive and semi-massive sulphide accumulations.
Pivotal Metals has $5.3 million in cash and completed a $2.5 million stock offering. A constant stream of updates is expected as work plans across the hotel are implemented.
The company is led by an experienced management team and board of directors. Ivan Fairhall is a managing director and mechanical engineer with 20 years’ experience in the resources sector, specializing in development stage companies. Eddie Canova, COO, Canada, is a professional senior geologist with extensive experience in promoting Quebec and international exploration projects.
Pivotal Metals acquired the Horden Lake polymetallic deposit in northwestern Quebec in September 2022. Horden Lake is an advanced project located approximately 140 km north of the mining town of Matagami and 300 km north of the company’s wholly-owned Belleterre-Angliers Copper-Nickel-PGM project, also in Quebec. The company said the project will be developed to be carbon neutral by using low-cost LaGrange hydroelectric power.
Pivotal Metals has strengthened its PGM-nickel-copper sulfide portfolio in Canada through the consolidation of the Alotta, Lorraine, Midream and Laforce mines to create the Belleterre-Anglier PGM-nickel-copper exploration project. This package dominates the eastern portion of the Belle Terre Angelier greenstone belt within the Abitibi-Pontiac greenstone belt. Exploration to date has identified ultra-high-grade deposits drilled within the gabbro intrusion by previous operators, including historic production of some deposits. The exploration strategy targets the broader intrusive complex, where potentially large massive and semi-massive sulphide accumulations may exist, and aims to search for anomalies and real-scale features.
The company has now identified a total of 137 new and reclassified targets in the joint exploration program, of which 20 have been designated as “Priority 1″ for further investigation. MT geophysical surveys were completed to further identify deeper control structures and improve orientation for future drilling.
Simon Gray previously served on the board of directors of Morgans Financial Limited and Shaw and Partners Limited, both of Australia’s largest investment and asset management firms. Previously, he served as Deputy Chief Executive Officer and General Counsel for Shaw on multiple occasions. Gray has extensive experience in law and financial markets, holding LL.B. and LL.M degrees in corporate and commercial law, and is a graduate of the Australian Institute of Company Directors.
Ivan Fairhall is a chartered engineer and mining specialist with almost 20 years of experience in the mining industry. He most recently served as CEO of TSX-listed Mawson Gold and previously spent seven years as a senior investment manager at UK private equity group Greenstone Resources, where he successfully identified, acquired and managed development investments. independent companies. Production. Over the course of his career, Fairhall has acquired a broad technical background in a variety of engineering, construction and commissioning roles, including extensive experience managing pre-engineering studies across a variety of product and geographic scales.
Dr Robert Rickson is currently a Director of the mining venture group Starboard Global Limited and has 20 years’ experience in corporate strategy, commodity marketing, mining mergers and acquisitions and mineral exploration management. He previously led two junior listed resource companies in Australia and previously spent five years in corporate strategy at Xstrata plc in Sydney and London. Rickson is an Irish citizen and holds a Ph.D. BS in Mineral Engineering from the University of California, Berkeley. Rickson is not considered an independent director.
Stephen Turner has over 25 years of experience in the resources sector, having held senior positions in industrial and investment banking. During his career, Turner worked in London, Aberdeen, Singapore, Brisbane and Madrid. Turner raises significant capital to develop resource projects, including equity, government bonds and project finance. Most recently he was Head of Business Development for a privately owned mining group where he was instrumental in the company’s successful growth from an entry-level to mid-market Australian base metals operator. Turner holds Australian, Canadian and British citizenship and is a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the Australian Institute of Company Directors.
Daniel has extensive experience in investment banking, commodity finance, organization and trading. He most recently served as CEO and Director of VTB Capital Hong Kong (VTBC), where he oversaw an SFC-regulated investment banking platform focused on natural resources activities, structured and corporate finance, M&A and asset management in global markets. Rose spent 18 years working in commodities markets at Societe Generale (formerly VTBC) in Sydney, London, Hong Kong and Singapore. Rose holds a Bachelor of Laws (Honours) and a Bachelor of Commerce from Bond University.
Eddie Canova is a professional senior geologist (OGQ (403)-PGeo) with extensive experience in advancing exploration projects in Quebec and abroad. Canova has successfully advanced exploration projects from inception to mine development, managed mining operations and completed various phases of studies: pre-economic assessment, pre-feasibility study, feasibility study and environmental impact study.
Amanda is a Chartered Accountant with over 20 years’ experience in accounting, auditing (listed and unlisted companies) and company secretarial work in Australia and the UK. Amanda has been involved in the listing of junior exploration companies on the ASX and has extensive experience in corporate advisory and company secretarial services.
Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) (“Tartisan” or the “Company”) announced that it has retained Northwest Solutions Inc. (“NWS Inc.”), a subsidiary of Thornton, Ontario, Derby provides technical and human resources support to Kenbridge Nickel’s flagship project in the Kenora mining region of northwestern Ontario. Northwest Solutions brings together forestry, mining and environmental services, training and projects. Management support and communication consulting services. NWS Inc. has been operating in the forestry and natural resources sectors since 2014 and is a family business. NWS Inc. will provide Kenbridge Nickel with road design, permitting and project management support using advanced technologies such as LiDAR, RoadEng and ArcGIS Pro.
Kevin Shorthouse, MS, RPF, co-owner and director of Northwest Solutions Inc., will serve as the road design and road permitting project manager for Tartisan Nickel Corps’ Kenbridge Nickel Project. Kevin will oversee the road design, permitting and construction of the Kenbridge access road. “Kevin has over 20 years of extensive experience in the Canadian natural resources industry and a unique combination of field experience, project management and technology innovation,” said Mark Appleby, CEO of Tartisan Nickel Corp. “Kevin will work in forestry and mining. companies, Indigenous communities and landowners are using advanced technologies such as lidar, multispectral imaging, artificial intelligence analytics and drones to find cost-effective solutions for all-weather roads.” With a history of valuing traditional spaces, Kevin will work with Aboriginal and local community members, and potentially provide FireSmart and natural resource technology training to local community members, promoting capacity building and development of land management practices.”
Also joining the team is Brandi Shorthouse, MA. Brandi is an administrative and financial manager and co-owner of Northwest Solutions Inc. Brandi will serve as the finance and public relations manager for the Kenbridge Road project. In this position, Brandy will closely monitor and manage the road construction budget, including supplies, contractors, staffing, and any government grants received. “Brandi Shorthouse brings a wealth of experience and knowledge to the financial project management industry,” said Mark Appleby, CEO of Tartisan Nickel Corp. “Brandi has demonstrated her ability to navigate complex financial environments through decades of corporate finance and management experience. She grew up in northern Ontario and her close relationships with the Anishinaabe people, both personal and professional, truly shaped her worldview. »
In addition, Tartisan Nickel Corp. I am pleased to announce that Gregory (Greg) Edwards, B.S., Geosciences. Eng., who is currently the Kenbridge Nickel Project Manager, has been appointed as the company’s Aboriginal Liaison Officer. Greg graduated from the Montana School of Mines and Technology with a degree in geological and mining engineering. Greg Edwards is an experienced mining and exploration professional with over 18 years of experience in the mining sector; Greg has spent over 10 years involved in small and large construction projects and 8 years as a private business owner and hands-on operator experience. With a background in engineering, geology and exploration technology, Greg has extensive knowledge of identifying mineral exploration prospects. Throughout his career, Greg has led exploration teams while overseeing the planning and execution of drilling programs, data interpretation and the creation of geological models.
In addition to his technical experience, Greg has a deep understanding of regulatory aspects of the mining industry. Greg understands the importance of ethical and sustainable practices, ensuring responsible exploration and mining operations, minimizing environmental impact and respecting Aboriginal rights and cultural heritage. Greg also specializes in developing strategic partnerships and developing positive relationships with stakeholders, local communities, Aboriginal groups, government agencies and industry professionals to achieve mutually beneficial results.
Mark Appleby, CEO of Tartisan Nickel Corp., said: “As the Aboriginal representative of the Kenbridge Nickel Project, Greg recognizes the importance of building trust and creating meaningful connections with Aboriginal communities. Greg is known for his deep love for Aboriginal people. Respected by management for his unwavering commitment to amplifying Indigenous voices peoples and addressing indigenous issues throughout the mineral exploration process.”
Greg will work closely with community leaders, elders and Aboriginal councils to identify needs, aspirations and problem areas related to mining and exploration activities. In addition to serving as a liaison, Greg will explore opportunities for economic development, capacity building and job creation in Aboriginal communities, ensuring Aboriginal people benefit from mineral exploration and extraction in their traditional territories. By implementing effective environmental management practices and integrating traditional knowledge and indigenous perspectives into decision-making processes, Tartisan strives to develop a more holistic and culturally sensitive approach to resource extraction.
Tartisan CEO Mark Appleby said: “2024 promises to be a banner year, bringing together numerous ongoing initiatives. Consistency with Aboriginal communities, summary of baseline studies, project permitting work and 24-hour road access coupled with ongoing efforts to extend service life The Kenbridge mine is a key focus and should have a profound impact on shareholder value.”
Tartisan Nickel Corp. is a Canadian mineral exploration and development company whose flagship asset is the Kenbridge Nickel Project. The project, located in the Kenora mining region of northwestern Ontario, is a major nickel exploration and production project.
Tartisan Nickel Corp. common stock listed on the Canadian Securities Exchange (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA). The number of shares issued and outstanding is 121,969,004. After full dilution, 130,740,902 shares remain outstanding.
For more information, contact Mark Appleby, President, CEO and Director, 416-804-0280 (info@tartisannickel.com). For more information about Tartisan Nickel Corp. visit the company’s website at www.tartisannickel.com or SEDAR (www.sedar.com).
This press release may contain forward-looking statements, including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, title acquisition, potential mining processes and the like. Forward-looking statements relate to future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this release.
Ramp Metals Inc. (TSX:AAC.P) (formerly Anacott Acquisition Corporation) (the “Company”) is pleased to announce that it has completed its previously announced reverse acquisition transaction (the “Transaction”) pursuant to the Merger Agreement) ( Company (formerly Anacott Acquisition Corporation), Ramp Metals Inc. (“Ramp”) and the Company’s wholly owned subsidiary 1429494 BC Ltd. (collectively, the “Merger Agreement”), effective July 28, 2023. “Party”).
Effective March 19, 2024, as a condition to the closing of the transaction, the Company consolidated its shares of common stock (the “Common Shares”) at a rate of 1.7603584 common shares, pre-consolidation common shares, per post-consolidation common share (the “Consolidation”). ). ). Following the merger, the total number of shares of the Company’s common stock issued and outstanding will be 2,500,000 shares.
Under the terms of the deal, Ramp merged with 1429494 BC Ltd. through a three-way merger pursuant to a merger agreement, a copy of which can be found under the company’s profile on SEDAR+ at www.sedarplus.ca, together with all outstanding shares of Ramp (the “Ramp Shares”) were exchanged for one share of common stock for one Ramp share of common stock following the merger, resulting in the issuance of 29,886,305 shares of common stock to former Ramp shareholders at a notional price of $0.20 per common share. ramp More information about the Transaction can be found in the Company’s statement dated March 6, 2024 (the “Disclosure Statement”), a copy of which is available on SEDAR+ under the Company’s profile (www.sedarplus.ca).
The parties to the Transaction have submitted final documents to the TSX Venture Exchange (the “Exchange”) seeking final acceptance of the Transaction by the Exchange in accordance with Exchange Policy 2.4.
Upon completion of the transaction, the company name was changed to Ramp Metals Inc. Trading of the common stock is expected to resume on or about March 22, 2024 under the ticker symbol “RAMP.”
Upon completion of the Transaction, certain principals (as defined in the policies of the Exchange) of the Receiving Issuer owning in the aggregate 19,800,100 Shares of Common Stock will be placed in escrow in accordance with Policy 5.4, Section 6.2 (Escrow, Seller Compensation and Resale Restrictions). Exchange (“Policy 5.4”) and pursuant to the Surplus Escrow Agreement dated March 19, 2024 between the Company, Computershare Trust Company as escrow agent and such principals. Subject to Policy 5.4, Section 6.2, 5% of the Escrow Common Shares will be issued upon the Exchange’s final announcement (the “Final Exchange Announcement”) and 5% of the Escrow Shares will be issued within 6 months of the Exchange’s final announcement. 10% of the escrow shares will be released within 12 months of the date of the final exchange announcement and 10% of the escrow shares will be issued within 18 months of the date of the final exchange announcement. date of final exchange announcement. The escrow shares will be issued within 24 months of the date of the final exchange announcement, 15% of the escrow shares will be issued within 30 months of the date of the final exchange announcement, and 40% of the escrow shares will be issued 36 months from the date of the final exchange announcement . Published within a few months. Date of final exchange announcement. In addition to these restrictions, the two principals owning a total of 9,600,000 shares of common stock are subject to transfer agreement restrictions that provide that the first 15% of the shares of common stock held by such principals will not be subject to final announcement of exchange for six months from the date of transfer.
In addition, upon completion of the Transaction, certain stockholders of the Resulting Issuer holding an aggregate of 400,000 shares of common stock will be subject to restrictions on the resale of the original shares in accordance with Policy 5.4, Section 10.8.
Certain current and/or former shareholders of the Company are subject to an escrow agreement dated March 17, 2021 (the “CPC Escrow Agreement”) with the Exchange and Computershare Trust Company as escrow agent covering 1,136,133 shares of common stock and 227,226 shares of common stock. . Incentive stock options. purchase ordinary shares. Pursuant to the terms of the CPC escrow agreement, 25% of the escrow securities will be transferred upon the final announcement of the exchange and an additional 25% will be transferred every 6 months thereafter.
Upon completion of the transaction, the following persons will become directors and officers of the company:
Simultaneously with the closing of the transaction, Crowe MacKay LLP was appointed as the company’s auditor.
The Company’s transfer agent, Computershare Trust Company, will, at the direction of the Company, mail or email a Direct Filing System application listing the assets of each owner to all former Ramp shareholders.
Holders of pre-merger common stock will receive a letter by mail from Computershare Trust Company containing instructions on how to convert their pre-merger common stock into post-merger company stock, if desired. The CUSIP number for the common stock is 75157B108.
For additional information, see the filing statements posted on the Company’s profile on SEDAR+ at www.sedarplus.ca and the filing statements dated March 7, 2024, January 23, 2024, and September 25, 2023 and July 2023. Press release issued on 28th 2023.
Ramp is a battery and base metals exploration company with two leading properties in northern Saskatchewan and one property in Nye County, Nevada. The company’s management is interested in exploring new deposits and new technologies. Ramp’s vision is to make the next big discoveries necessary to advance the green technology movement.
Post time: Mar-29-2024