Maschineller Vortrieb im Mining – effizient und sicher in die Tiefe

Die weltweite Nachfrage nach Erzen steigt stetig an. Unterirdisch vorkommende Rohstoffe auch in größerer Tiefe abzubauen, wird deshalb immer attraktiver. Ob und wann eine Erschließung wirtschaftlich ist, bestimmt unter anderem die eingesetzte Technik. Herrenknecht entwickelt mit seiner Expertise aus 40 Jahren maschinellem Tunnelvortrieb innovative Maschinenkonzepte für den Mining-Markt und setzt damit neue Benchmarks in Sachen Effizienz und Sicherheit.

Ob senkrechte Zugangs- oder Produktionsschächte, schräge Zufahrtsrampen, Belüftungsschächte oder Transportstrecken – Herrenknecht bietet ein breites Spektrum an Bohranlagen für den Bereich Mining an. Beim Bau von unterirdischer Infrastrukturen rund um die Gewinnung von Rohstoffen zählen besonders Zuverlässigkeit, Sicherheit und Effizienz. Die innovativen Mining- Maschinen von Herrenknecht basieren auf bewährten Prinzipien und der Erfahrung aus über 40 Jahren maschinellem Tunnelvortrieb. Sie sind optimal für die sichere, zügige und wirtschaftliche maschinelle Erstellung von Schächten, Stollen und horizontalen Vortrieben in allen Bereichen des Bergbaus geeignet. Die Technologien kommen für kleinste und große Durchmesser zum Einsatz und dringen in jede Geologie und in Teufen von bis zu 2.000 Meter vor. Projektspezifische Auslegungen tragen den Kundenwünschen Rechnung. Zur Abraumförderung können pneumatische, hydraulische oder mechanische Verfahren genutzt werden oder der Abraum wird über eine Pilotbohrung zu einer tiefer gelegenen Ebene abtransportiert.

Schachtbohrtechnologie – höchste Präzision unter härtesten Bedingungen

Zum Herrenknecht-Mining-Portfolio gehört eine Vielzahl an maschineller Schachtbohrtechnologie: Shaft Boring Roadheader (SBR), Shaft Boring Cutterhead (SBC), Extension Shaft Boring Machine (SBE), Schachtabsenkanlage (VSM), Shaft Drilling Jumbo (SDJ) und Shaft Boring Machine (SBM). Je nach Baustellenanforderungen und Rahmenbedingungen spielen sie ihre Vorteile aus.

Dank parallel ausführbarerer Arbeitsabläufe sind hohe Teufgeschwindigkeiten möglich. Gleichzeitig verbessern diese maschinellen Verfahren die Arbeitssicherheit in Bergwerken erheblich.

Mobile Bohrtechnik – flexibles und leistungsstarkes Bohren

Neben großformatigen Schachtabsenkanlagen hat Herrenknecht mobile Bohrtechnik im Portfolio. Eine kompakte Bauweise wird kombiniert mit innovativen Lösungen und bieten so eine hohe Flexibilität. Die Boxhole Boring Machines (BBM) beispielsweise basiert auf dem Prinzip der bewährten horizontalen Rohrvortriebstechnologie und erstellt vertikale und geneigte Schächte mit kleinen Durchmessern in standfestem Hartgestein. BBM wie auch Boxhole Backreaming (BBR), Reef Boring Machine (RBM) und Raise Boring Rigs (RBR) arbeiten selbst bei engsten Platzverhältnissen und härtestem Gestein effizient und zuverlässig – je nach Anforderung auch ferngesteuert.

Durch den modularen Aufbau sind sie einfach zu transportieren und schnell mobilisierbar. Jede Maschine wird projektspezifisch ausgestattet, dazu zählt etwa die individuelle Bestückung des Bohrgerätes mit den passenden Abbauwerkzeugen.

Sicherheit und Erfahrung unter Tage

Bei der maschinellen Erstellung von Untertage-Bergbau-Infrastrukturen setzt Herrenknecht allerhöchste Standards hinsichtlich Gesundheitsschutz, Arbeitssicherheit und Qualität. Als technischer Vorreiter entwickelt das Unternehmen gemeinsam mit Kunden und Auftraggebern auch in Zukunft neue Technologien, um den Bau unterirdischer Infrastruktur in Bergwerken noch sicherer und wirtschaftlicher zu gestalten.

Mit der Erfahrung aus mehr als 4.100 Projekten ist Herrenknecht Technologie- und Marktführer im Bereich der maschinellen Tunnelvortriebstechnik. Als einziges Unternehmen weltweit liefert Herrenknecht modernste Tunnelbohranlagen für alle Baugründe und in allen Durchmessern – von 0,10 bis 19 Metern. Die Produktpalette umfasst maßgeschneiderte Maschinen für Verkehrstunnel, Ver- und Entsorgungstunnel, den Bereich Mining, Technologien zur Verlegung von Pipelines, sowie Tiefbohranlagen.

 

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Mechanized tunnelling in mining – efficiently and safely into the depths

Global demand for ores is steadily rising. It is therefore becoming increasingly attractive to mine raw material deposits even at greater depths. Whether and when development is economically viable is determined, among other things, by the technology in use. With 40 years of mechanized tunnelling expertise, Herrenknecht develops innovative machine concepts for the mining market, setting new benchmarks in terms of efficiency and safety.

Whether for vertical access or production shafts, sloping access ramps, ventilation shafts or transport routes – Herrenknecht offers a wide range of drilling and boring equipment for the mining sector. In the construction of underground infrastructures for the extraction of raw materials, reliability, safety and efficiency are pivotal. Herrenknecht’s innovative mining machines are based on proven principles and over 40 years of mechanized tunnelling experience. They are optimally suited for the safe, speedy and efficient mechanized construction of shafts, galleries and horizontal drives in all areas of mining. The technologies are used for the smallest and for large diameters and penetrate into any geology and depths of up to 2,000 meters. Project-specific designs take contractor wishes into account. For muck removal pneumatic, hydraulic or mechanical methods can be used or the excavated material is removed to a lower level via a pilot hole.

Shaft boring technology – highest precision under the toughest conditions

The Herrenknecht mining portfolio includes a variety of mechanized shaft boring technologies: Shaft Boring Roadheader (SBR), Shaft Boring Cutterhead (SBC), Extension Shaft Boring Machine (SBE), Vertical Shaft Sinking Machine (VSM), Shaft Drilling Jumbo (SDJ) and Shaft Boring Machine (SBM). Each has different advantages depending on the jobsite requirements and general situational conditions. Thanks to simultaneously executable workflows, high sinking speeds are possible. At the same time, these mechanized methods improve work safety in mines considerably.

Mobile boring technology – flexible and powerful boring

In addition to large shaft sinking systems, Herrenknecht has mobile boring technology in its portfolio. A compact design is combined with innovative solutions and thus offers a high degree of flexibility. The Boxhole Boring Machine (BBM), for example, is based on the principle of proven horizontal pipe jacking technology and creates vertical and inclined shafts with small diameters in stable hard rock. BBMs as well as Boxhole Backreaming (BBR), Reef Boring Machines (RBM) and Raise Boring Rigs (RBR) work efficiently and reliably even in the tightest of spaces and the hardest of rock – remote controlled too, if the situation requires it. Their modular design makes them easy to transport and quickly mobilizable. Each machine is equipped for the specific project, including, for example, the individual assembly of the boring machine with the appropriate cutting tools.

Safety and experience underground

In the mechanized creation of underground mining infrastructures, Herrenknecht sets the highest standards of health protection, work safety and quality. As a technical pioneer, the company will continue to develop new technologies together with contractors and clients to make the construction of underground infrastructure in mines even safer and more economically efficient.

With experience from more than 4,100 projects, Herrenknecht is the technology and market leader in the area of mechanized tunnelling technology. Herrenknecht is the only company worldwide to deliver cutting-edge tunnel boring machines for all ground conditions and in all diameters – from 0.10 to 19 meters. The product range includes tailor-made machines for traffic, supply and disposal tunnels, the mining sector, technologies for pipeline installation as well as deep drilling rigs.

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Uranium Energy Corp Outlines Development Plans in Preparation for the Mid-2019 U.S. Government National Security Action on Uranium Imports

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” – http://www.commodity-tv.net/c/search_adv/?v=298360) is pleased to provide the following letter to its shareholders from President and CEO, Amir Adnani.

Dear Shareholders,

2019 is lining up to be among the most eventful years in UEC’s 14-year history. The fundamental improvements in the uranium market appear likely to continue, following last year’s increase in the spot price to $29/lb. Additionally, the U.S. Government’s probe into foreign imports impacting domestic nuclear fuel cycle capabilities could be significant for the Company by accelerating demand for U.S. mined uranium.

With 98 operating reactors, the U.S. has the largest nuclear fleet in the world with annual requirements of about 45 million pounds of uranium per year.  In contrast, U.S. mines are projected to produce less than 400,000 pounds in 2019, not enough for even one reactor. 

The U.S. Government has launched an investigation into this over-dependence on foreign uranium as a national security matter and a final decision to enact U.S. quotas or other possible remedies is expected by mid-2019.  The potential for quotas would require a meaningful portion of U.S. demand to be supplied by domestic production, which could yield a premium for U.S. mined uranium. Fortunately, and as reported by the U.S. Geological Survey, there are abundant uranium resources that can be developed in states such as Wyoming and Texas.

In this context, we are prioritizing the advancement of our fully permitted Reno Creek ISR Project in Wyoming and development drilling at our Burke Hollow ISR Project in South Texas.  UEC has a potential U.S. production profile of 4 million pounds per year.  Reno Creek is permitted at 2 million pounds per year and our Hobson processing facility, the hub of our South Texas operations, has a capacity of 2 million pounds per year. UEC is ideally positioned to be part of an overall solution to promote growth in U.S. uranium mining with our environmentally friendly and low-cost in-situ recovery (ISR) projects.

Burke Hollow ISR Project – Advancing Development

UEC has made final preparations for the drilling and installation of monitoring wells at the proposed Production Area Authorization One (“PAA-1”) at the Burke Hollow ISR Project in Bee County, Texas. 

The Company has selected drilling and heavy equipment contractors with start-up planned for the beginning of March.  Initial plans include drilling approximately 20 holes to delineate several lightly-drilled areas for optimum monitor well ring design. The drill rigs will shift to drilling and installation of 120 monitor wells upon completion of the delineation holes. 

In 2013, UEC discovered uranium ore trends at the Burke Hollow Project, one of the only new discoveries in the U.S. over the past decade.  Resources at the project have increased with every drilling campaign, resulting in the delineation of a major uranium orebody which extends over 5 miles along its trend length.  To date, a 2.4-mile long mineralized trend has been defined, which will constitute the initial Production Area at Burke Hollow.  A large monitor well ring will encompass the proposed PAA-1, in accordance with regulatory requirements from the Texas Commission on Environmental Quality (“TCEQ”). 

Reno Creek Advancement – Largest Permitted, Undeveloped ISR Project in the U.S.

UEC is directing an independent Preliminary Feasibility Study (“PFS”) for its Reno Creek ISR project in order to expedite upcoming construction in advancing the project towards production.  The study will be accomplished in accordance with National Instrument 43-101 (“NI 43-101”) and its related guidelines and will be based on the recently updated NI 43-101 Resource Report announced in our January 15, 2019 press release.  That report estimates a Measured and Indicated mineral resource of 26 million pounds of uranium (“U3O8”) at a weighted average grade of 0.041% U3O8 contained within 32 million tons and an Inferred mineral resource of 1.49 million pounds U3O8 at a weighted average grade of 0.039% U3O8 contained within 1.92 million tons.*

The PFS will incorporate design criteria provided with UEC expertise and will be reviewed and supplemented with preliminary designs and cost estimates for project components from a qualified consulting engineering firm.

Uranium Market Improvement

Fundamentals in the uranium market are continuing to improve as we have reported over the last two years. One of the primary drivers has been the market price remaining below most producer’s production costs.  While prices have strengthened, this disequilibrium persists and is likely to continue being a strong driver supporting much higher prices. A direct result of this factor has been significant production cuts, resulting in more than 30 million pounds of annual production removed from the market since 2016.

In 2018, spot uranium prices rose about 20% year over year and more than 40% from last April.  Record transaction volume of more than 88 million pounds was reported in the spot market, almost 60% percent greater than the previous record established in 2011.  Producer buying has tripled since 2017 and the investment community has re-entered the market, taking large blocks of material out of circulation, enhancing the already bullish supply-demand picture. 

Global nuclear energy generation in 2018 returned to pre-Fukushima levels.  Meanwhile, long-term contracting by utilities remained suppressed, reaching a six-year low in 2018. This adds to the tightening demand coil that should be released as older term contracts roll out of supplier and utility portfolios and inventory is drawn down.  All these factors coupled with growing global demand bodes well for continued rebalancing and price appreciation in the uranium markets.

Government Investigation on National Security Impacts of Imported Uranium

For U.S. producers, uranium demand from U.S. utilities may become more robust as an outcome of the current national security investigation on uranium. This action was initiated as a result of the extreme dependency of the U.S. on imported uranium, with 2019 anticipated to show U.S. production at less than 1% of the nation’s reactor requirements.  The investigation is expected to result in a decision from the U.S. Government by mid-2019.  While no definitive outcome is clear at this point, a premium for U.S. mined uranium could easily evolve.

UEC remains actively engaged in industry discussions regarding the investigation and we will continue our efforts on Capitol Hill to revitalize the industry.  We meet regularly with bipartisan members of Congress, Committees, the White House and various government agencies to discuss matters relating to the U.S. uranium industry.  Several members of our senior management team are involved with this effort, including our Chairman, Spencer Abraham, former Secretary of Energy in the George W. Bush Administration.  Secretary Abraham wrote an Op-Ed article this past year published by USA Today, outlining the national security necessity for a strong domestic industry. This insightful article may be accessed at https://usat.ly/2PQfx3K.

Corporate Development Portfolio

A pillar of our three-prong strategy during the extended bear market in uranium has been to make accretive acquisitions.  As a result, the Company controls a pipeline of Resource and Preliminary Economic Assessment-stage projects in Arizona, Colorado, and Paraguay.*

In 2018, UEC was instrumental in the launch of Uranium Royalty Corp (“URC”) and is the largest shareholder, owning ~34% of this company. URC is the largest investor and a strategic partner of Yellow Cake PLC listed in London.  URC is working towards an IPO in 2019 and is seeking to emulate, with uranium, the very successful royalty and streaming business model that has emerged in the base and precious metals sectors.

The UEC portfolio also includes the Alto Parana Titanium Project in Paraguay, one of the highest-grade and largest undeveloped Ferro-Titanium deposits in the world (total Inferred resource has been estimated at 4.94 billion tonnes grading 7.41% titanium oxide and 23.6% iron oxide at a 6% TiO2 cut-off).*  While we are prioritizing capital expenditures for U.S. projects in the first half of 2019, we are also in planning phases to commission a new Preliminary Economic Assessment at Alto Parana as part of our monetization strategy.

As the year unfolds, we will provide additional perspective once the decisions associated with the U.S. Government’s investigation have been made. When the U.S. industry begins to ramp-up, it will need quality people, infrastructure, resources and permits, the four key ingredients that UEC already has in place. 

We appreciate your ongoing support of our long-term business strategy to become the leading U.S. uranium producer.  Please feel free to reach our Investor Relations department at 1-866-748-1030 or info@uraniumenergy.com with any questions or comments that you might have as the year develops. Visit our website at UraniumEnergy.com and follow us on Twitter @UraniumEnergy to keep current on all our activities.

Yours truly,

“Amir Adnani”

President & CEO

About Uranium Energy Corp

Uranium Energy Corp (UEC) is a U.S.-based uranium mining and exploration company.  In South Texas, the Company’s hub-and-spoke operations are anchored by the fully-licensed Hobson Processing Facility which is central to the Palangana, Burke Hollow and Goliad ISR projects.  In Wyoming, UEC controls the Reno Creek project which is the largest permitted, pre-construction ISR uranium project in the U.S.  Additionally, the Company controls a pipeline of uranium projects in Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and one of the highest-grade and largest undeveloped Ferro-Titanium deposits in the world, located in Paraguay.  The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and was reviewed by Clyde L. Yancey, P.G., Vice President-Exploration for the Company, a Qualified Person under NI 43-101.

Safe Harbor Statement

*   The mineral resources referred to herein have been estimated in accordance with the definition standards on mineral resources of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in NI 43-101 and are not compliant with U.S. Securities and Exchange Commission (the “SEC”) Industry Guide 7 guidelines.  In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian regulations, are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Accordingly, we have not reported them in the United States. Investors are cautioned not to assume that any part or all of the mineral resources in these categories will ever be converted into mineral reserves. These terms have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. In particular, it should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability. It cannot be assumed that all or any part of measured mineral resources, indicated mineral resources or inferred mineral resources will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. Investors are cautioned not to assume that any part of the reported measured mineral resources, indicated mineral resources or inferred mineral resources referred to herein are economically or legally mineable.

Except for the statements of historical fact contained herein, the information presented in this letter constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this letter.

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Jenoptik at SPIE Photonics West

At the world’s leading photonics trade fair, Jenoptik will be demonstrating its service spectrum, from single components through to highly complex systems, which are being used to successfully address future challenges in semiconductor manufacturing, biophotonics, and industrial processes.

The new Jenoptik Light & Optics division, whose primary focus is supplying photonics solutions, will be showcasing its new strategy at SPIE Photonics West in San Francisco, California, USA. The division is thereby positioning itself as an international OEM partner for customer-specific solutions from concept creation through to series production. With decades of experience, customers rely on Jenoptik for cutting-edge, custom solutions based on an even broader portfolio of technologies, from optics, lasers, digital imaging, opto-electronics and sensors.

The Light & Optics division will be highlighting its latest innovations for laser material processing. It will be showcasing its new technology demonstrator for 3D laser material processing as an extension to its motorized beam expander product range, F-theta lenses for additive laser processes, a broad selection of highly efficient micro-optics, high-power 275-watt diode lasers, and advanced 1060-nanometer semiconductor lasers.

You are invited!

On February 5, 2019 at 4:30 p.m. in the Jenoptik booth, the President & CEO of JENOPTIK AG, Dr. Stefan Traeger, will speak about the high-tech company’s first major steps and successes in the implementation of the new corporate strategy.

Jenoptik is one of the main sponsors of the SPIE Startup Challenge and will be represented in the panel of judges at the event. Applications Engineer Jim Hillendahl and Andrea Koertvélyessy, Business Development, will be judges for the runner-up and final rounds of the competition.

Visit us February 5–7, 2019 at SPIE Photonics West in the South Hall of the Moscone Center, booth #1250. Jenoptik will also be at the SPIE BiOS from February 2–3, 2019 in booth #8741 in the South Hall.

High-resolution images are available for download from the “Optical Systems / Light & Optics / Press” gallery in the Jenoptik image database.

Fast Focusing Module (FFM) for 3D Laser Material Processing

Just a year after launching the motorized beam expander BEX-M onto the market, Jenoptik announces its expansion of the motorized optical systems range with the addition of its line of fast focusing products.

The new Fast Focusing Module (FFM) for use in laser production systems complements Jenoptik solutions for 3D laser material processing. Adjustable in its focus position, the new FFM is highly dynamic and can align the laser spot in Z-direction, hence three dimensions of the processing area can be addressed. To do this, the FFM needs to be used in conjunction with a 2D beam deflector (galvanometer scanner). The new concept approach of the FFM is a response to the industry’s demand for even more efficient optical systems for 3D laser material processing.

The system enables three-dimensional processing of materials with heterogeneous surfaces, for example for microstructuring, for deep engraving or drilling with high aspect ratios, for laser cutting, and for marking and labeling different materials. For applications that do not require F-theta lenses, the FFM is able to offset the field of curvature and thus magnify the processing area when used in combination with the galvanometer scanner.

The FFM has been specifically designed to work with Jenoptik’s own F-theta lenses but can also be used with other beam guidance systems.

New F-theta Lenses for Additive Laser Production

Jenoptik has added two new lenses to the F-Theta-JENarTM Silverline lens series for high-power applications. With a focal length of 423 millimeters and a large scan field of 254 x 254 millimeters, the new lenses meet the requirements necessary for additive manufacturing processes such as 3D sintering.

They are designed for applications with fiber lasers from 1030 to 1080 nanometers and diode lasers from 900 to 1100 nanometers at outputs of up to 6 kilowatts. The high-quality materials and the low-absorption optical coatings (absorption is less than 5 ppm), ensure permanently stable beam quality with the highest spot performance.

In high-power application tests with lasers up to 6 kilowatts a minimum focus shift in fractions of the Rayleigh length was detected. These outstanding properties also ensure that production processes remain reliable and that the results will remain reproducible.

The F-theta lens range from Jenoptik fulfills the requirements of almost all standard methods for micro and macro material laser processing. Jenoptik’s F-theta series lenses are extremely robust and do not require additional cooling, even at high laser powers. The adhesive-free mounting technology also contributes to the long-term stability of high-performance optics, and also provides long-lasting investment security.

Extremely Versatile Customer-Specific Micro-Optics

Customer-specific micro-optics from Jenoptik direct and shape laser light in optical systems for laser material processing, inspection, and lithography applications as well as pulse compression applications in a highly accurate and targeted manner. With modern production technologies and expertise gained from decades of experience, we are able to produce application-specific optical elements from UV to IR in series. The use of high-quality optical glass materials in conjunction with complex micro-optics structures ensures unbeatable accuracy and optimum efficiency.

Jenoptik’s diffractive optical elements, such as optical gratings, diffusers, beam combiners, and homogenizers, guarantee results that are accurate to the nanometer, even at high laser powers in the kilowatt range. They are optimized in their zeroth diffraction order and the quality of the structures and optical coatings guarantees long-term stability. The micro-optical structures are used in laser systems for processing different materials, but also in medical technology, for virtual reality applications, and in telecommunications.

Pulse Compression Grating for 800 nm applications and Beam Combiner for Diode Lasers

In the field of optical gratings, Jenoptik is gradually expanding its portfolio for various wavelengths and applications. The company is introducing new encapsulated pulse compression gratings for 800 nanometer applications, including scientific setups in spectrometry, laser pumping, lithography, and inspection applications. The gratings are optimized in transmission and wavefront deformation, and reach an efficiency higher than 99 percent. The gratings remain thermally stable even at high powers. Thanks to the encapsulation, contamination can be easily eliminated. Jenoptik is set to introduce new enhanced efficiency beam for diode laser applications. In addition to the classic pulse compression in femtosecond lasers and laser material processing applications, the e² (efficiency-enhanced) gratings are designed for use in telecommunications.

Multifocus Diffractive Elements

Jenoptik offers its customers application-specific multifocus elements, for example with 3, 5, 7 or 9 spots. These allow fast and efficient laser cutting in different layers of the substrate simultaneously, because of the accurate separations and energy distribution between the different spots. The optical design of the multifocus elements allows for a wide range of applications through to 3D material processing.

Diffractive Diffusers with Large Opening Angle

Jenoptik diffusers allow an opening angle of more than 80 degrees. They are therefore particularly beneficial for sensor applications with LiDAR, or VR/AR applications, since they ensure a homogeneous beam over the entire scan field. This can be achieved with different angles in the X and Y direction and with a very high aspect ratio.

New Diode Laser with 275-watt Output for Laser Material Processing

Jenoptik will also be presenting its latest development in the field of high-power laser sources for industrial material processing, and in particular for direct diode laser applications. The new diode laser with passive cooling impresses with its extremely high output power of 275 watts and long service life in both CW and hard pulse applications. This represents a significant increase in output power compared to products which had been available on the market up to now. Jenoptik has succeeded in combining important advancements in connection technology with an innovative approach to heat management to guarantee reliability under hard pulse conditions, even with such high output power.

The benefits are obvious: For manufacturers of laser systems in the kilowatt range, the complexity and costs of plants and systems are reduced due to fewer diode lasers being used. End users profit from both increased productivity and outstanding processing results thanks to the combination of high output power and excellent beam quality.

Visitors to SPIE Photonics West can get the lowdown on the benefits of these high-power diode lasers before they go into series production in the near future.

Hyperspectral lens with adjustable iris diaphragm to improve the performance of SWIR and hyperspectral cameras

The Jenoptik 25 mm f/2, 400–1700 nm hyperspectral lens maximizes the performance of many popular SWIR (shortwave infrared) and hyperspectral cameras. A broad spectral range of 400–1700 nanometers combined with an adjustable diaphragm makes the new lens very versatile.

The standard product lens will enhance image processing across medicine, industrial inspection, surveillance, and law enforcement applications.

Efficient Semiconductor Material for Medical and Industrial Applications

Jenoptik has long established itself as a specialist in the complete process and technology chain for laser semiconductor materials, high-power diode lasers, solid-state lasers and customer-specific application solutions. The company’s production site in Berlin-Adlershof, Germany, produces robust and highly efficient bars, semi-bars and single emitters under the strictest quality controls. These products are individually tailored to perfectly suit customers’ specific requirements before they are further refined into high-power diode lasers in Jena, Germany, to be then delivered to customers all over the world.

With its advanced 1060 nanometer semiconductor lasers, Jenoptik facilitates reliable applications in the field of Healthcare & Life Sciences as well as for advanced manufacturing technologies. Its focus on the intensive and continual development of this semiconductor material is aimed at ensuring reliability in the long-term at high output power and for various applications. Jenoptik therefore provides its customers with the best support for implementing their individual laser solutions.

Presentations

The following presentation will provide an overview of Jenoptik’s advanced semiconductor materials and diode lasers for medical and industrial applications:

Title: Development of Highly Efficient Laser Diodes Emitting Around 1060 nm for Medical and Industrial Applications
Conference: High-Power Diode Laser Technology XVII
Session: Session 3: High Power Devices II
Date: February 3, 2019 | 4:10 p.m. | Moscone Center | Room 203 (South Level Two)

There is also the following presentation, which will provide an insight into current developments:

Title: Thermal Modeling of Laser Diode Packages
Conference: Components and Packaging for Laser Systems V
Session: Session 2: Diode Packaging
Date: February 4, 2019 | 2:40 p.m. | Moscone Center | Room 203 (South Level Two)

About Jenoptik’s Light & Optics division

The Light & Optics division is a global OEM supplier of solutions and products based on photonics technologies. Jenoptik provides a broad portfolio of technologies combined with deep experience of more than 25 years in the fields of optics, laser technology, digital imaging, opto-electronics and sensors. Our customers are leading machine and equipment suppliers working in areas such as semiconductor equipment, laser material processing, healthcare & life science, industrial automation, automotive & mobility and safety, as well as in research institutes.

As a development and production partner, the Light & Optics division focuses on advancing cutting-edge technologies to improve our customers‘ system performance and ultimately realize product outcomes that reach new heights enabled by our highly-integrated photonic solutions. The systems, modules and components based on photonics technologies help our customers overcome their future challenges.

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Aurania Resources announces $6.35 Million rights offering

Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the “Company” – http://www.commodity-tv.net/c/search_adv/?v=298721) is pleased to announce that it will be undertaking a rights offering to raise up to $6.35 million. 

The Company is offering rights (the "Rights") to purchase common shares (“Common Shares”) to eligible shareholders of record, at the close of business on the record date of February 4, 2019, on the basis of one right for each common share held (the "Rights Offering").

Basic Subscription

  • For every fourteen (14) Rights held, eligible shareholders can subscribe for one Common Share of the Company upon payment of the subscription price of $2.70 per Common Share (the “Exercise Price”);
  • The subscription price for each Common Share has been priced at a discount of approximately 15% to the closing share price on January 28, 2019, as per regulatory requirements;
  • The Rights Offering will be conducted in Canada and will be available to Canadian resident shareholders and to shareholders outside of Canada who are eligible under certain exemptions (see details below);
  • The Rights will trade on the TSX Venture Exchange under the symbol ARU.RT commencing on February 1, 2019. The Rights will expire at 5:00 p.m. (Toronto time) on March 6, 2019 (the "Expiry Time") and will become void and of no value;
  • Eligible shareholders who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in the Company’s Rights Offering Notice (“Notice”) and Rights Offering Circular (“Circular”) (see details below on Subscription for Additional Shares);
  • The shares purchased through the Rights Offering will be free-trading (and therefore not subject to the four-month hold that normally applies to shares issued through a private placement); and
  • The Company intends to use the net proceeds of the Rights Offering to fund exploration expenses, including scout drilling, concessions fees to maintain the Lost Cities – Cutucu Project in Ecuador in good standing, and general and administrative expenses.

Details of the Rights Offering will be set out in the Notice and Circular which will be available under the Company’s profile at www.sedar.com and on the Company’s website at www.aurania.com.

Eligible Holders

The Notice, accompanying rights certificate, and form of Subscription will automatically be mailed to each registered shareholder in Canada and shareholders who are resident in Canada who own their shares through an intermediary, such as a bank, trust company, securities dealer or broker (in Canada), will receive materials and instructions from their intermediary (collectively the “Eligible Holders”).  The Company encourages shareholders to review these documents carefully.

Eligible Holders who wish to exercise their Rights must forward the rights certificate, together with the applicable funds, to the Rights Agent, TSX Trust Company, located at 301-100 Adelaide Street West, Toronto, ON M5H 4H1, on or before the Expiry Time.

Ineligible Holders

Shareholders who are resident in a jurisdiction outside of Canada (the "Ineligible Holders"), may be able to participate in the Rights Offering under certain exemptions. The Company will not issue or forward rights certificates to Ineligible Holders, however, a letter will be sent to them which will:

  • describe the conditions that must be met, and the procedures that must be followed in order for an Ineligible Holder to participate in the Rights Offering; and
  • Advise them that their Rights will be held by TSX Trust Company who will, prior to the Expiry Time, attempt to sell any unexercised rights of Ineligible Holders on such dates and at such prices as it determines in its sole discretion.

Ineligible Holders who wish to participate in the Rights Offering and are unsure of whether they meet the required exemptions are encouraged to contact the Rights Agent or the Company directly.

Subscription for Additional Shares

There are currently 32,915,316 Common Shares of the Company outstanding. If all of the Rights issued under the Rights Offering are validly exercised, a total of 2,351,094 Common Shares will be issued under the Rights Offering with gross proceeds of approximately $6,350,000.

Eligible Holders who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available, as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in the Company’s Circular.

Stand-By Commitment

In connection with the Rights Offering, the Company has entered into a stand-by purchase agreement with Dr. Keith Barron, the Chairman and Chief Executive Officer of the Company, in an amount of $4,000,000 (the “Stand-By Commitment”).

Related Party Transaction

In connection with the Stand-By Commitment, Dr. Keith Barron, Chairman and Chief Executive Officer of the Company, will acquire up to 1,481,482 Common Shares. The acquisition of securities pursuant to the Rights Offering by Dr. Barron is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on an exemption from the formal valuation requirements of MI 61-101 available on the basis of the securities of the Company not being listed on specified markets, including the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the NASDAQ or certain overseas stock exchanges. The Company is also relying on the exemption from minority shareholder approval requirements under MI 61-101 as the fair market value of the participation in the Rights Offering and Stand-By Commitment by Dr. Barron does not exceed 25% of the market capitalization of the Company.

Conversion of Convertible Debenture

The Company also announces the issuance of 877,192 Common Shares from treasury in connection with the repayment of a US$2.0 million convertible debenture issued by the Company to Dr. Barron on May 29, 2018 (the “Debenture”). As dictated by the terms of the Debenture, the unpaid principal amount of US$2.0 million, was converted into Common Shares at the conversion price of C$3.00 per Common Share (the “Conversion”), fixed at the March 20, 2018 Bank of Canada exchange rate of $US 0.76 to C$1.00 such that the maximum number of Common Shares to be issued upon the exercise of the conversion right shall be 877,192 Common Shares.

Early Warning Report

After giving effect to the Conversion, Dr. Barron will own 17,125,065 Common Shares, representing 52.0% of the Common Shares on a non-diluted basis and 52.6% on a partially diluted basis. The Common Shares issued to Dr. Barron under the Conversion represent an acquisition of less than 2% of the issued and outstanding shares of the class, however Dr. Barron’s ownership percentage of the issued and outstanding Common Shares since the last Early Warning Report filed on May 2, 2017 has decreased by 11.8% on a non-diluted basis and 13.0% on a partially diluted basis, as a result of dilution caused by Common Share issuances.

The Common Shares are held by Dr. Barron for investment purposes, and depending on market and other conditions, Dr. Barron may from time to time in the future increase or decrease his respective ownership, control or direction over securities of the Company through market transactions, private agreements, or otherwise. As the number of Common Shares owned or controlled by Dr. Barron since the last Early Warning Report has decrease by more than 2% of the outstanding shares of the class, in satisfaction of the requirements of the National Instrument 62-104 – Take-Over Bids And Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an Early Warning Report for Dr. Barron will be filed under the Company’s profile at www.sedar.com.

Extension of Promissory Note

The Company is currently indebted to Dr. Barron for $580,500, pursuant to a 2017 promissory note (the “Promissory Note”). Concurrent with the above described Rights Offering, the Company has negotiated a further extension of the Promissory Note with Dr. Barron, to defer the maturity date from May 29, 2019 to May 29, 2020 (the “New Maturity Date”), whereupon the principal amount and any accrued interest will be payable to Dr. Barron. All other terms of the Promissory Note shall remain in full force and effect.

Dr. Barron is an “insider” of the Company and, as such, the extension of the Promissory Note with Dr. Barron is considered a "related party transaction" pursuant to MI 61-101. The Company is relying on the exemption from minority shareholder approval requirements set out in MI 61-101 as the fair market value of the Total Indebtedness does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

Update on Scout Drilling Program

Final preparations for the commencement of scout drilling at Crunchy Hill are being made and the Company expects to start drilling imminently.

About Aurania

Aurania is a junior mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
Manager – Investor Services
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
richard.spencer@aurania.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Aurania Resources bietet 6,35 Millionen Dollar Bezugsrechte an

Aurania Resources Ltd. (TSXV: ARU) ("Aurania" oder das "Unternehmen" – http://www.commodity-tv.net/c/search_adv/?v=298721) freut sich, bekannt zu geben, dass sie ein Bezugsangebot zur Aufnahme von bis zu 6,35 Millionen US-Dollar unterbreiten wird.

Die Gesellschaft bietet den berechtigten Aktionären nach Geschäftsschluss am Stichtag des 4. Februar 2019 Rechte (die "Rechte") zum Kauf von Stammaktien (die "Stammaktien") auf der Grundlage eines Rechts für jede gehaltene Stammaktie an (das "Bezugsangebot").

Basis-Abonnement

  • Für je vierzehn (14) gehaltene Rechte können berechtigte Aktionäre eine Stammaktie der Gesellschaft gegen Zahlung des Bezugspreises von 2,70$ pro Stammaktie (der "Ausübungspreis") zeichnen;
  • Der Bezugspreis für jede Stammaktie wurde mit einem Abschlag von ca. 15% auf den Schlusskurs vom 28. Januar 2019 gemäß den gesetzlichen Bestimmungen festgesetzt;
  • Das Bezugsrechtsangebot wird in Kanada durchgeführt und den in Kanada ansässigen Aktionären sowie den Aktionären außerhalb Kanadas, die im Rahmen bestimmter Ausnahmen berechtigt sind, zur Verfügung gestellt (siehe Details unten);
  • Die Rechte werden ab dem 1. Februar 2019 an der TSX Venture Exchange unter dem Symbol ARU.RT gehandelt. Die Rechte verfallen am 6. März 2019 um 17:00 Uhr (Toronto-Zeit) (die "Verfallszeit") und werden ungültig und wertlos;
  • Berechtigte Aktionäre, die ihre Rechte vollständig ausüben, sind berechtigt, zusätzliche Stammaktien zu zeichnen, sofern sie aufgrund nicht ausgeübter Rechte vor Ablauf der Verfallszeit verfügbar sind, vorbehaltlich bestimmter Beschränkungen, die in der Mitteilung über das Angebot von Rechten der Gesellschaft ("Mitteilung") und im Rundschreiben über das Angebot von Rechten ("Rundschreiben") festgelegt sind (siehe Einzelheiten unten zur Zeichnung von zusätzlichen Aktien);
  • Die im Rahmen des Bezugsangebots erworbenen Aktien werden im Freiverkehr gehandelt (und unterliegen daher nicht dem viermonatigen Haltezeitraum, der normalerweise für Aktien gilt, die im Rahmen einer Privatplatzierung ausgegeben werden); und
  • Das Unternehmen beabsichtigt, den Nettoerlös aus dem Rights Offering zur Finanzierung von Explorationskosten, einschließlich Scout-Bohrungen, Konzessionsabgaben zu verwenden, um das Lost Cities – Cutucu Project in Ecuador in gutem Zustand zu halten, sowie allgemeine und administrative Kosten.

Einzelheiten der Kapitalerhöhung werden in der Bekanntmachung und dem Rundschreiben dargelegt, die unter dem Profil der Gesellschaft unter www.sedar.com und auf der Website der Gesellschaft unter  http://www.aurania.com/ verfügbar sein werden.

Berechtigte Inhaber

Die Mitteilung, das Begleitzertifikat und die Form der Zeichnung werden jedem registrierten Aktionär in Kanada automatisch zugesandt, und Aktionäre mit Wohnsitz in Kanada, die ihre Aktien über einen Vermittler besitzen, wie beispielsweise eine Bank, eine Treuhandgesellschaft, einen Wertpapierhändler oder einen Broker (in Kanada), erhalten von ihrem Vermittler Materialien und Anweisungen (zusammen die "Berechtigten Aktionäre"). Die Gesellschaft ermutigt die Aktionäre, diese Unterlagen sorgfältig zu prüfen.

Berechtigte Inhaber, die ihre Rechte ausüben möchten, müssen das Zertifikat zusammen mit den entsprechenden Geldern an den Rights Agent, TSX Trust Company, mit Sitz in 301-100 Adelaide Street West, Toronto, ON M5H 4H1, am oder vor Ablauf der Verfallszeit weiterleiten.

Nicht teilnahmeberechtigte Inhaber

Aktionäre, die ihren Wohnsitz in einem Land außerhalb Kanadas haben (die "Ineligible Holders"), können unter bestimmten Ausnahmen an der Kapitalerhöhung teilnehmen. Die Gesellschaft wird keine Bezugsrechte an nicht anspruchsberechtigte Inhaber ausstellen oder weiterleiten, jedoch wird ihnen ein Schreiben zugesandt, das sie dann erhalten:

  • die Bedingungen, die erfüllt sein müssen, und die Verfahren zu beschreiben, die eingehalten werden müssen, damit ein nicht berechtigter Inhaber an dem Bezugsangebot teilnehmen kann; und
  • Weisen Sie sie darauf hin, dass ihre Rechte von der TSX Trust Company gehalten werden, die vor Ablauf der Verfallszeit versucht, alle nicht ausgeübten Rechte von nicht berechtigten Inhabern an diesen Daten und zu den von ihr nach eigenem Ermessen festgelegten Preisen zu verkaufen.

Nicht zugelassene Inhaber, die an der Kapitalerhöhung teilnehmen möchten und sich nicht sicher sind, ob sie die erforderlichen Ausnahmen erfüllen, werden ermutigt, sich direkt an den Rights Agent oder an die Gesellschaft zu wenden.

Zeichnung von zusätzlichen Aktien

Derzeit befinden sich 32.915.316 Stammaktien der Gesellschaft im Umlauf. Wenn alle im Rahmen des Bezugsangebots ausgegebenen Rechte wirksam ausgeübt werden, werden insgesamt 2.351.094 Stammaktien im Rahmen des Bezugsangebots mit einem Bruttoerlös von ca. 6.350.000 $ ausgegeben.

Berechtigte Inhaber, die ihre Rechte vollständig ausüben, sind berechtigt, zusätzliche Stammaktien zu zeichnen, falls verfügbar, als Ergebnis nicht ausgeübter Rechte vor Ablauf der Verfallszeit, vorbehaltlich bestimmter im Rundschreiben der Gesellschaft festgelegter Einschränkungen.

Standby-Verpflichtung

Im Zusammenhang mit dem Bezugsangebot hat die Gesellschaft einen Stand-by-Kaufvertrag mit Dr. Keith Barron, dem Vorstandsvorsitzenden der Gesellschaft, in Höhe von 4.000.000 US-$ ("Stand-By Commitment") abgeschlossen.

Transaktion mit nahestehenden Unternehmen und Personen

Im Zusammenhang mit der Stand-by-Verpflichtung wird Dr. Keith Barron, Vorstandsvorsitzender der Gesellschaft, bis zu 1.481.482 Stammaktien erwerben. Der Erwerb von Wertpapieren gemäß dem Bezugsangebot von Dr. Barron gilt als "Related Party Transaction" gemäß Multilateral Instrument 61-101 – Protection of Minority Security Inhabers in Special Transactions ("MI 61-101"). Die Gesellschaft stützt sich auf eine Ausnahme von den formalen Bewertungsanforderungen der MI 61-101, die auf der Grundlage der Wertpapiere der Gesellschaft verfügbar sind, die nicht an bestimmten Märkten notiert sind, einschließlich der Toronto Stock Exchange, der New York Stock Exchange, der American Stock Exchange, der NASDAQ oder bestimmter ausländischer Börsen. Die Gesellschaft stützt sich auch auf die Befreiung von den Genehmigungspflichten der Minderheitsaktionäre gemäß MI 61-101, da der Marktwert der Beteiligung an der Kapitalerhöhung und der Standby-Verpflichtung von Dr. Barron 25% der Marktkapitalisierung der Gesellschaft nicht übersteigt.

Wandlung der Wandelschuldverschreibung

Die Gesellschaft gibt auch die Ausgabe von 877.192 Stammaktien aus dem Eigenbestand im Zusammenhang mit der Rückzahlung einer von der Gesellschaft am 29. Mai 2018 an Dr. Barron ausgegebenen Wandelschuldverschreibung in Höhe von 2,0 Mio. USD (die "Schuldverschreibung") bekannt. Gemäß den Bedingungen der Anleihe wurde der unbezahlte Nennbetrag von 2,0 Mio. USD in Stammaktien zum Wandlungspreis von 3,00 C$ pro Stammaktie (die "Umwandlung") umgewandelt, der am 20. März 2018 auf den Wechselkurs der Bank of Canada von 0,76 $US zu 1,00 C$ festgelegt wurde, so dass die maximale Anzahl der Stammaktien, die bei Ausübung des Wandlungsrechts ausgegeben werden sollen, 877.192 Stammaktien beträgt.

Frühwarnbericht

Nach Wirksamwerden der Umwandlung wird Dr. Barron 17.125.065 Stammaktien besitzen, was 52,0% der Stammaktien auf unverwässerter Basis und 52,6% auf teilweise verwässerter Basis entspricht. Die Stammaktien, die Dr. Barron im Rahmen der Umwandlung ausgegeben wurden, stellen einen Erwerb von weniger als 2% der ausgegebenen und ausstehenden Aktien der Klasse dar, jedoch ist der Eigentumsanteil von Dr. Barron an den ausgegebenen und ausstehenden Stammaktien seit dem letzten Frühwarnbericht vom 2. Mai 2017 um 11,8% auf unverwässerter Basis und 13,0% auf teilweise verwässerter Basis gesunken, was auf eine Verwässerung durch Stammaktienemissionen zurückzuführen ist.

Die Stammaktien werden von Dr. Barron zu Anlagezwecken gehalten, und je nach Markt- und anderen Bedingungen kann Dr. Barron von Zeit zu Zeit sein jeweiliges Eigentum, seine Kontrolle oder Leitung über Wertpapiere der Gesellschaft durch Markttransaktionen, private Vereinbarungen oder auf andere Weise erhöhen oder verringern. Da die Anzahl der Stammaktien, die sich seit dem letzten Frühwarnbericht im Besitz von Dr. Barron befinden oder von ihm kontrolliert werden, um mehr als 2% der ausstehenden Aktien der Klasse zurückgegangen ist, um den Anforderungen des National Instrument 62-104 – Take-Over Bids And Issuer Bids und National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues gerecht zu werden, wird ein Frühwarnbericht für Dr. Barron unter dem Profil des Unternehmens unter www.sedar.com. veröffentlicht.

Verlängerung des Schuldscheindarlehens

Die Gesellschaft ist derzeit Herrn Dr. Barron für 580.500 US-$ gemäß einem Schuldschein aus dem Jahr 2017 (der "Schuldschein") verschuldet. Parallel zum oben beschriebenen Bezugsangebot hat die Gesellschaft mit Dr. Barron eine weitere Verlängerung des Schuldscheindarlehens ausgehandelt, um den Fälligkeitstermin vom 29. Mai 2019 auf den 29. Mai 2020 (den "neuen Fälligkeitstermin") zu verschieben, woraufhin der Nennbetrag und etwaige aufgelaufene Zinsen an Dr. Barron zu zahlen sind. Alle anderen Bestimmungen des Schuldscheins bleiben in vollem Umfang in Kraft.

Dr. Barron ist ein "Insider" der Gesellschaft und somit gilt die Verlängerung des Schuldscheindarlehens mit Dr. Barron gemäß MI 61-101 als "Transaktion mit nahe stehenden Unternehmen und Personen". Die Gesellschaft stützt sich auf die in MI 61-101 festgelegte Befreiung von den Genehmigungspflichten der Minderheitsaktionäre, da der Marktwert der Gesamtverschuldung 25% der Marktkapitalisierung der Gesellschaft, wie sie gemäß MI 61-101 ermittelt wurde, nicht übersteigt.

Update zum Scout Drilling Programm

Die letzten Vorbereitungen für den Beginn der Scout-Bohrungen in Crunchy Hill werden getroffen, und das Unternehmen erwartet, dass es mit den Bohrungen bald beginnen wird.

Über Aurania

Aurania ist ein junges Mineralexplorationsunternehmen, das sich mit der Identifizierung, Bewertung, dem Erwerb und der Exploration von Mineralgrundstücken befasst, mit Schwerpunkt auf Edelmetallen und Kupfer. Das Flaggschiff, The Lost Cities – Cutucu Project, befindet sich im Jurassic Metallogenic Belt in den östlichen Ausläufern der Anden im Südosten Ecuadors.

Informationen über Aurania und technische Berichte sind verfügbar unter www.aurania.com und www.sedar.com sowie auf Facebook unter https://www.facebook.com/auranialtd/, Twitter unter https://twitter.com/auranialtd und LinkedIn unter https://www.linkedin.com/company/aurania-resources-ltd-.

Für weitere Informationen wenden Sie sich bitte an uns:

Carolyn Muir
Manager – Investor Services
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Dr. Richard Spencer
Präsident
Aurania Resources Ltd.
(416) 367-3200
richard.spencer@aurania.com

In Europa:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Weder die TSX Venture Exchange noch ihr Regulierungsdienstleister (wie dieser Begriff in den Richtlinien der TSX Venture Exchange definiert ist) übernehmen die Verantwortung für die Angemessenheit oder Genauigkeit dieser Mitteilung.

Zukunftsgerichtete Aussagen

Diese Pressemitteilung enthält zukunftsgerichtete Informationen, die erhebliche bekannte und unbekannte Risiken und Unsicherheiten beinhalten, von denen die meisten außerhalb der Kontrolle von Aurania liegen. Zukunftsgerichtete Aussagen beinhalten Schätzungen und Aussagen, die die zukünftigen Pläne, Ziele oder Vorgaben von Aurania beschreiben, einschließlich der Aussage, dass Aurania oder sein Management eine bestimmte Bedingung oder ein bestimmtes Ergebnis erwartet. Zukunftsgerichtete Aussagen können durch Begriffe wie "glaubt", "erwartet", "erwartet", "schätzt", "kann", "könnte", "würde", "wird" oder "plant" gekennzeichnet sein. Da zukunftsgerichtete Aussagen auf Annahmen beruhen und sich auf zukünftige Ereignisse und Bedingungen beziehen, sind sie naturgemäß mit inhärenten Risiken und Unsicherheiten verbunden. Obwohl diese Aussagen auf Informationen beruhen, die Aurania derzeit zur Verfügung stehen, gibt Aurania keine Garantie dafür, dass die tatsächlichen Ergebnisse die Erwartungen des Managements erfüllen werden. Risiken, Unsicherheiten und andere Faktoren, die mit zukunftsgerichteten Informationen verbunden sind, können dazu führen, dass tatsächliche Ereignisse, Ergebnisse, Leistungen, Aussichten und Chancen wesentlich von denen abweichen, die in solchen zukunftsgerichteten Informationen ausdrücklich oder implizit zum Ausdruck gebracht werden. Zukunftsgerichtete Informationen in dieser Pressemitteilung beinhalten, sind aber nicht beschränkt auf die Ziele, Ziele oder Zukunftspläne von Aurania, Aussagen, Explorationsergebnisse, potenzielle Mineralisierung, das Portfolio des Unternehmens, das Treasury, das Managementteam und das verbesserte Kapitalmarktprofil, die Schätzung von Mineralressourcen, Explorations- und Erschließungspläne, den Zeitpunkt der Betriebsaufnahme und Schätzungen der Marktbedingungen. Faktoren, die dazu führen könnten, dass die tatsächlichen Ergebnisse wesentlich von diesen zukunftsgerichteten Informationen abweichen, sind unter anderem: fehlende Identifizierung von Mineralressourcen, fehlende Umwandlung geschätzter Mineralressourcen in Reserven, die Unfähigkeit, eine Machbarkeitsstudie durchzuführen, die eine Produktionsentscheidung empfiehlt, die vorläufige Natur der metallurgischen Testergebnisse, Verzögerungen bei der Beschaffung oder Nicht-Erteilung erforderlicher behördlicher, behördlicher, ökologischer oder anderer Projektgenehmigungen, politische Risiken, Unfähigkeit, die Verpflichtung zur Aufnahme indigener Völker zu erfüllen, Unsicherheiten in Bezug auf die Verfügbarkeit und die Kosten der in Zukunft erforderlichen Finanzierung, Veränderungen an den Aktienmärkten, Inflation, Wechselkursänderungen, Rohstoffpreisschwankungen, Verzögerungen bei der Entwicklung von Projekten, Kapital- und Betriebskosten, die erheblich von den Schätzungen und den anderen Risiken der Mineralexplorations- und -entwicklungsindustrie abweichen, sowie die in den öffentlichen Dokumenten Auraniens auf SEDAR dargelegten Risiken. Obwohl Aurania der Ansicht ist, dass die Annahmen und Faktoren, die bei der Erstellung der zukunftsgerichteten Informationen in dieser Pressemitteilung verwendet werden, angemessen sind, sollte kein unangemessenes Vertrauen in diese Informationen gesetzt werden, die nur zum Zeitpunkt dieser Pressemitteilung gelten, und es kann nicht garantiert werden, dass solche Ereignisse in den angegebenen Zeiträumen oder überhaupt eintreten werden. Aurania lehnt jegliche Absicht oder Verpflichtung ab, zukunftsgerichtete Informationen zu aktualisieren oder zu überarbeiten, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder anderweitig, sofern dies nicht gesetzlich vorgeschrieben ist.

Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch eine Aufforderung zur Abgabe eines Kaufangebots dar, noch wird es einen Verkauf der Wertpapiere in einer Rechtsordnung geben, in der ein solches Angebot, eine solche Aufforderung oder ein solcher Verkauf rechtswidrig wäre, einschließlich der Wertpapiere in den Vereinigten Staaten von Amerika. Die Wertpapiere wurden und werden nicht nach dem United States Securities Act von 1933 in der jeweils gültigen Fassung (der "1933 Act") oder nach staatlichen Wertpapiergesetzen registriert und dürfen nicht in den Vereinigten Staaten oder an oder für Rechnung oder zugunsten von U.S. Personen (wie in Regulation S nach dem Act von 1933 definiert) angeboten oder verkauft werden, es sei denn, sie sind nach dem Act von 1933 und den geltenden staatlichen Wertpapiergesetzen registriert, oder es besteht eine Befreiung von diesen Registrierungsanforderungen.

NICHT ZUR VERTEILUNG AN NACHRICHTENDIENSTE DER VEREINIGTEN STAATEN ODER ZUR VERBREITUNG IN DEN VEREINIGTEN STAATEN BESTIMMT.

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Maple Gold retains RPA for new resource estimate and set to receive $1.9 million in tax credit refunds during Q1 2019

Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G – http://www.commodity-tv.net/c/search_adv/?v=298248 ) is pleased to announce that Roscoe Postle Associates (“RPA”) has been retained to prepare a new resource estimate update on the Company’s Douay Project. RPA provides services to the mining industry at all stages of project development and is one of the top three organizations ranked by number of resource estimation reports completed.[1]

Maple Gold’s President and CEO, Matthew Hornor, stated: “We look forward to working with RPA to complete this new resource estimate, as a follow up to the work previously completed by Micon. The new estimate and the commencement of a focused drill campaign are both expected later this quarter. We will continue to share additional results from our 3D modeling work in the coming weeks, including some of our highest priority drill targets.”

The updated mineral resource estimate will use the Company’s updated databases and models (see press release January 16, 2018), including the results of winter 2018 drilling that did not form part of the prior estimate (Micon 2018). This new mineral resource estimate is anticipated to include both open pit and underground resources. This is consistent with the Company’s strategy of optimizing the quality of the existing resources while continuing to add to the quantity of the resource base via discovery drilling, not only within the top 400m, but also below that level as part of the evaluation of the overall (open pit and underground) potential of the project. RPA’s work will prove essential as the Company prepares and advances Douay toward its first overall Preliminary Economic Assessment (“PEA”), which the Company plans to start toward year-end.

2017 resource tax credit claims

The Company has received notices of assessment from Revenu Quebec with respect to the Company’s 2017 resource tax credit claims. The Company will receive approximately $1.9 million related to these 2017 claims and the refunds are expected to be received during Q1 2019.

Maple Gold grants incentive stock options

The Company has granted 7,330,000 incentive stock options to certain directors, officers, employees and consultants exercisable at an exercise price of $0.16 (55% above previous day’s closing price). The options have a 5-year term and vest one-third immediately, one-third 12 months from the date of grant and one-third 24 months from the date of grant until the options are fully vested. The Company’s Stock Option Plan governs these incentive options, as well as the terms and conditions of their exercise, which is in accordance with policies of the TSX Venture Exchange.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

About Maple Gold

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s ~389 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource3 that remains open in multiple directions. For more information please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Matthew Hornor”

B. Matthew Hornor, President & CEO

For Further Information Please Contact:

Mr. Joness Lang
VP, Corporate Development
Cell: 778.686.6836
Email: jlang@maplegoldmines.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Forward Looking Statements:

This news release contains “forward-looking information" and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospective  mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

[1] RSC Mineral Intelligence

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New 3D Geological Model highlights multiple higher-grade mineralised zones untested below shallow depth at Douay Project

Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G – http://www.commodity-tv.net/c/search_adv/?v=298248) has created a new 3D geological and structural model for its Douay gold project, located on the prolific Casa Berardi Deformation Zone near Val d’Or, Quebec. The Douay deposit currently contains 2,759,000 ounces Au in the inferred category and a further 479,000 ounces Au indicated using a 0.45 g/t Au cut-off grade (Micon 2018)[1]. The Micon 2018 resource does not include the new drill data from the winter 2018 campaign, and is open along strike and down dip. The new 3D model will improve targeting of additional resources in subsequent drill campaigns and forms the foundation for an updated resource estimate.

  • New 3D model based on historical and new exploration results and re-interpretation of the existing and new mineralised envelopes, highlights numerous zones of higher-grade mineralisation throughout the 6km strike length of the Douay deposit (see Figures 1, 2)
  • The higher-grade zones are variably plunging and structurally-controlled by northwest-southeast striking Douay faults and east-west trending faults of the Casa Berardi Deformation Zone (CBDZ)
  • The down-plunge continuity of higher-grade zones has to-date been tested only to shallow depth – the average drill-hole depth at Douay is only ~230m vertical – providing excellent potential for resource expansion to depth (Fig. 2)
  • Additional mineralisation controls and orientations are related to the morphology of more local structures, syenite intrusions and their contacts

Matthew Hornor, Maple Gold’s President and CEO, commented: “Having a more thorough set of structural interpretations and a new 3D geological model establishes a foundation more in line with the standards of a major gold company and marks an important internal milestone for our technical team.”

Fred Speidel, VP, Exploration, added: These new products have strongly encouraged us to pursue down-plunge extensions of higher-grade zones that continue below the current average depth of drilling at Douay. They will also allow us to more accurately target these higher grade zones in our subsequent drill programs.”  

[1] Micon 2018: NI 43-101 Technical Report Mineral Resource Estimate for the Douay Gold Project
https://maplegoldmines.com/images/pdf/2018/Douay_NI_43_101_Technical_Report_March_2018.pdf

Additional updates pertaining to the new 3D model, pending resource estimate update and new priority drill targets will be provided shortly.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

Quality Assurance (QA) and Quality Control (QC)

Maple Gold implements strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on the website at: http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement

About Maple Gold

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s ~389 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource3 that remains open in multiple directions. For more information please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Matthew Hornor”
B. Matthew Hornor, President & CEO

For Further Information Please Contact:

Mr. Joness Lang
VP, Corporate Development
Cell: 778.686.6836
Email: jlang@maplegoldmines.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Forward Looking Statements:

This news release contains “forward-looking information" and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospective  mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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Uranium Energy Corp Announces New and Consolidated NI 43-101 Mineral Resources* at the Reno Creek ISR Project, Wyoming

  • New and expanded M&I mineral resources rank the Project as the largest permitted, pre-construction in-situ recovery (“ISR”) uranium project in the U.S.
  • First time that the major mineralized trends of the Reno Creek ISR Project have been consolidated within the Eastern Pumpkin Buttes District of the Powder River Basin.
  • Considerable ISR exploration and expansion potential within open mineralized trends based on available historical drilling.
  • Added resources benefit from existing production permits in place.

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” –  http://www.commodity-tv.net/c/search_adv/?v=298723 ) is pleased to announce the Company has completed an updated National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) resource estimate for its Reno Creek ISR Project (“Reno Creek” or the “Project”).  

The Project is in the Powder River Basin, Wyoming, and now includes the consolidation and inclusion of the former North Reno Creek project (“North Reno Creek”) into the Company’s Reno Creek Project. *  The report is entitled “Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA” dated December 31, 2018 as prepared for the Company by Behre Dolbear, an internationally recognized mining consulting firm (the “Report”). 

The Report estimates a Measured and Indicated (“M&I”) mineral resource of 26 million pounds of uranium (“U3O8”) at a weighted average grade of 0.041% U3O8 contained within 32 million tons, and an Inferred mineral resource of 1.49 million pounds U3O8 at a weighted average grade of 0.039% U3O8 contained within 1.92 million tons. *

Amir Adnani, President and CEO, stated, “For decades, the Reno Creek uranium district has been unable to reach its full potential due to fractured ownership.  Through a string of accretive acquisitions over the past 24 months, UEC has successfully consolidated the key project areas, clearing the path for this substantial new resource, with the benefit of being covered under our existing production permit.  We’re executing on contrarian acquisitions during difficult years in the uranium market and have amassed a production profile of low-cost and fully permitted ISR projects.  Combining Reno Creek with the Company’s South Texas ISR projects, positions UEC to lead a renaissance in U.S. uranium production via the ISR mining method, which is globally recognized for being low cost and environmentally friendly.”

The Company completed the acquisition of the North Reno Creek project in May 2018 (press release dated May 3, 2018), and since that time has been focused on updating resources, consolidating permits, merging databases and locating all Project related information into a newly opened office in Glenrock, Wyoming, near the Project. 

The Company contracted Behre Dolbear, an internationally recognized mining consulting firm, to complete the Report on the Project.  The Report will be filed on SEDAR within 45 days of the date of this press release.  Henceforth, Reno Creek and North Reno Creek will be considered as one project in terms of resource reporting, permitting and pre-production planning.  The M&I resource estimate for the Project is presented in Table 1: *

Figure 1 shows the location of the entire 19,769-acre Reno Creek property area. 

Figure 2 shows the 6,053-acre permit area covered by Permit 824, Reno Creek ISR Project Permit to Mine, issued by the Wyoming Department of Environmental Quality (“WDEQ”) on July 17, 2015 (the “Permit”), and associated mineralized trends.  A Source and By Product Materials License for Reno Creek was issued in February 2017 from the U.S Nuclear Regulatory Commission (“NRC”), supported by a Final Environmental Impact Statement and Record of Decision, to permit production of up to 2 million pounds U3O8 per year.

On September 30, 2018, the State of Wyoming became an NRC Agreement State, which gives the State the authority to regulate in-situ recovery facilities in Wyoming.  From this date forward, UEC will only be required to work with the State WDEQ for Permit revisions, which will streamline the process to include the North Reno Creek resources under the existing Permit.

About Reno Creek

The Reno Creek Project is in the Powder River Basin of northeast Wyoming, one of the most prolific uranium producing regions in the U.S. and the home of five ISR uranium mining operations: Cameco’s Smith Ranch/Highland and North Butte, Uranium One’s Willow Creek, Energy Fuels’ Nichols Ranch and Strata’s Lance project.  The Project is less than 10 miles from the nearest town of Wright, Wyoming with a population of 1,800.  Substantial historical exploration, development and permitting work has been completed on the Reno Creek property, beginning in the late 1960s and continuing to present.  Approximately 10,000 uranium exploration drill holes have been completed within and near the Project area by various operators over this time.

Currently, Company geologists are reviewing the historical data to assess the development of additional resources along 12 miles of partially defined mineralized trends within the currently held acreage.  Development of a conceptual mining plan to support a revised Preliminary Feasibility Study is underway and the Company is planning on completing this document in 2019.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and was reviewed by Robert D. Maxwell, CPG, a consultant for the Company and a Qualified Person under NI 43-101.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company with additional titanium and vanadium assets.  The Company’s fully-licensed Hobson Processing Facility is central to all its uranium projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.  In Wyoming, UEC controls the permitted Reno Creek ISR uranium project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The Company also controls a large high-grade titanium project in Paraguay and significant vanadium resources in combination with its Slick Rock uranium project in Colorado. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

*Notice to U.S. Investors

The mineral resources referred to herein have been estimated in accordance with the definition standards on mineral resources of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in NI 43-101 and are not compliant with U.S. Securities and Exchange Commission (the “SEC”) Industry Guide 7 guidelines.  In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian regulations, are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC.  Accordingly, we have not reported them in the United States.  Investors are cautioned not to assume that any part or all of the mineral resources in these categories will ever be converted into mineral reserves.  These terms have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility.  It should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability.  It cannot be assumed that all or any part of measured mineral resources, indicated mineral resources or inferred mineral resources will ever be upgraded to a higher category.  In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies.  Investors are cautioned not to assume that any part of the reported measured mineral resources, indicated mineral resources or inferred mineral resources referred to herein are economically or legally mineable.

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements.  These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.  Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements.  Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.  Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.  Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.  Many of these factors are beyond the Company’s ability to control or predict.  Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission.  The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.  Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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Caledonia Mining Corporation Plc 2018 Production Update and 2019 Production Guidance (NYSE AMERICAN: CMCL; AIM: CMCL; TSX: CAL)

Caledonia Mining Corporation Plc (“Caledonia” or the “Company” – http://www.commodity-tv.net/c/search_adv/?v=298338) announces gold production from the Blanket Mine (“Blanket”) in Zimbabwe for the quarter and year ended December 31, 2018. All production numbers are expressed on a 100 per cent basis and are based on mine production data and are therefore subject to adjustment following final assay at the refiners.

Approximately 14,952 ounces of gold were produced during the quarter ended December 31, 2018 (the “Quarter”), 7 per cent higher than the previous quarter (“Q3 2018”). Total gold production for the year to December 31, 2018 was approximately 54,512 ounces, which is in line with 2018 production guidance which was a range of 54,000 to 56,000 ounces. Caledonia advises investors that gold production for 2019 is expected to be between 53,000 and 56,000 ounces.

Caledonia remains on track to achieve production of approximately 80,000 ounces of gold per annum from 2021 following completion of the Central Shaft. The Central Shaft is currently at a depth of 1,150 meters and will be sunk to a depth of 1,204 meters. It is anticipated that shaft sinking will be completed towards the middle of 2019 after which the shaft will be equipped and commissioned.

Following an increase in exploration activity at Blanket, since early 2015 Caledonia has announced 7 successive increases in the resource base as a result of which Blanket’s life of mine has been extended from 6 years as at the end of 2014, to 14 years as at the end of 2018. Exploration continues at Blanket with the objective of further extending Blanket’s life of mine.

Caledonia also advises that it has entered into gold price hedging contracts for the 5 months from February 2019 until June 2019 for 22,500 ounces of production through the purchase of put options with a strike price of $1,250 per ounce. The hedge will ensure that Caledonia receive a minimum price of $1,250 per ounce of gold for the duration of the contracts whilst maintaining full upside participation.

Caledonia expects to release its results for the year to December 31, 2018 on or about March 20, 2019.

Commenting on the announcement, Steve Curtis, Chief Executive Officer, said:

“We are pleased to see consistent production performance from Blanket in the fourth quarter of 2018 to deliver 14,952 ounces for the quarter and 54,512 ounces for the full year. Until the Central Shaft has been commissioned in 2021, production from Blanket is expected to remain at broadly the same level as we achieved in 2017 and 2018.  We therefore expect to produce between 53,000 and 56,000 ounces in 2019. Blanket finished 2018 with adequate mining and development infrastructure in place to deliver on this target and we have made a good start to 2019. 

“Completion of the Central Shaft is the key to Blanket achieving its planned production of approximately 80,000 ounces of gold per annum from 2021 onwards. I expect that sinking work at Central Shaft will be completed by mid-year after which we will start to equip the shaft. 

“This part of the Central Shaft project is relatively capital intensive.  In light of our significant capital expenditure commitments, we believe it is prudent to take advantage of the recent strengthening of the gold price and we have therefore secured a minimum received gold price of $1,250 per ounce for the 5 months to June 2019 whilst maintaining full upside exposure to the gold price through a cost-effective option structure. The Central Shaft project is in the final 18 months of construction; we expect capital investment on this project to be lower in the second half of 2019 and to reduce further in 2020 as it nears completion. Caledonia will continue to monitor the gold price in conjunction with our projected cash position and review our hedging strategy as appropriate.”

For further information please contact:

Caledonia Mining Corporation Plc

Mark Learmonth

Maurice Mason

Tel: +44 1534 679 800

Tel: +44 759 078 1139

WH Ireland

Adrian Hadden/Jessica Cave/

James Sinclair-Ford

Tel: +44 20 7220 1751

Blytheweigh

Tim Blythe/Camilla Horsfall/Megan Ray

Swiss Resource Capital AG

Jochen Staiger  

Tel: +44 207 138 3204

www.resource-capital.ch

info@resource-capital.ch

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014.

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are not historical facts are “forward-looking information” within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited to Caledonia’s current expectations, intentions, plans, and beliefs.  Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “target”, “intend”, “estimate”, “could”, “should”, “may” and “will” or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: production guidance, estimates of future/targeted production rates, and our plans and timing regarding further exploration and drilling and development.  This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information.  Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors.

Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.  Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business, inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations, relationships with and claims by local communities and indigenous populations, political risk, availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occur,; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company’s title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations.  Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information.  By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur.  Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

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