Delrey Acquires Vanadium Assets

DELREY METALS CORP. (CSE:DLRY, FSE:1OZ) (“Delrey” or the “Company”) is pleased to announce it has entered into and closed a share purchase agreement dated December 12, 2018 (the “Share Purchase Agreement”) with WEM Western Energy Metals Ltd., a private arm’s length corporation (“WEM”), to acquire all the issued and outstanding share capital of WEM. Pursuant to the terms of the Share Purchase Agreement, the Company issued 4,250,000 common shares of the Company (each, a “Share”). All securities issued pursuant to the Share Purchase Agreement will be subject to a four month statutory hold period.

WEM owns a 100 percent undivided, unencumbered legal and beneficial interest in both the Peneece and the Blackie Vanadium properties (the “Properties”), located in British Columbia. The Properties cover a total area of 2,714 hectares and host vanadium mineralization within large bodies of titaniferous magnetite. Both properties are strategically located on tidewater, near to the small coastal cities of Port Hardy (Peneece – 68km) and Prince Rupert (Blackie – 96km).

About the Peneece and Blackie Vanadium Projects:

The Properties are comprised of large-scale ultramafic complexes which are intruded by gabbroic bodies hosting iron-titanium-vanadium (Fe-Ti-V) mineralization within massive titaniferous magnetite. Two of the gabbro bodies mapped on surface display lateral extents of 4.8km x 0.8km (Peneece) and 1.2km x 0.4km (Blackie).

Highlights:

  • Historic samples collected from the gabbro on the Blackie assay up to 2.14% V205.1
  • The Blackie property is located in a historic mining district. The adjacent past-producing Yellow Giant Mine, located less than 10km from the property and operated by Banks Island Gold as recently as 2015 initially boasted a 414% IRR, showing the economic potential that exists on Banks Island2.
  • McDougall (1984), commented that, “an unusually strong and extensive magnetic anomaly exists over the [Peneece Property]. It was, and still remains the largest flux gate magnetic anomaly noted by the writer during many years of work on the West Coast. The size and overall magnetic intensity of the anomaly were only exceeded at the multi-billion ton “Klukwan pyroxenite-amphibolite” deposit in S.E. Alaska.”
  • Magnetic concentrate from limited float samples collected distal to the magnetic anomaly on the Peneece Property assayed up to 0.59% V205.1
  • Both properties are easily accessible by boat or helicopter and workable year round. Historic barge-logging was completed within and near to the project areas, which has created a network of logging roads and allows for low cost exploration and development.

An initial work program including a high-resolution airborne magnetic survey is planned in the near term on both Properties.

Morgan Good, President and CEO of Delrey commented: “Delrey continues to rapidly grow its portfolio of quality projects prospective for metals relative to the energy metals sector. Our team has been evaluating properties, specifically vanadium rich properties, for quite some time now. While the notable increase in the price of vanadium is still specific to steel alloys, we’re anticipating the demand to continue growing and the prevalence of vanadium redox flow batteries is clearly on the rise. The world continues to move more and more toward renewable energy sources where the need for large capacity, inexpensive and long-lasting energy storage is an absolute necessity.”

About Delrey

Delrey Metals Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy minerals space. The Company has an option agreement to purchase a 100% interest in the highly prospective Sunset property situated in the Vancouver Mining Division and located near Pemberton, British Columbia. In addition to its acquisition of the Star, Porcher, Blackie, and Peneece Vanadium properties in BC, Delrey intends to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. Delrey is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “DLRY” and on the FSE under the symbol “1OZ”.

About Vanadium

Vanadium is one of the largest percentage gainers among the battery metals group (Li, Co, Ni, Cu) since early 2017 climbing from under $5/lb to over $29/lb where it currently trades. This ductile, malleable and corrosion resistant transition metal has a wide range of use cases and can be found in automobiles, pipelines, jet engines, redox flow batteries and as an alloy in steel production, among others. Currently 90% of global vanadium production is used as an alloy in the manufacturing of steel, with the grade of the steel proportional to its vanadium content. New regulations recently emplaced by the Standardization Administration of China (SAC) have eliminated Grade 2 steel rebar production in China, replacing it with Grades 3, 4, and 5, which each consume progressively more vanadium. Global industrial growth and increased building standards in earthquake prone areas are forecasted to keep demand for vanadium strong.

The emerging market for Vanadium Redox Flow Batteries (“VRBs”) is showing tremendous potential. VRBs are non-flammable, reusable over semi-infinite cycles and are shown to not degrade for more than 20 years, which make them an efficient alternative to traditional lithium-ion batteries for grid power storage. The energy generated by renewable sources such as wind and solar is not constant over time and presents an excellent use case for VRBs to store excess power generated during peak production periods, which can be utilized during seasons with low wind or sun exposure. While the battery technology is in its early stages, the recent commissioning of the world’s largest ever battery, a 200MW/800MWh vanadium flow battery in Dalian, China, is proof that the fledgling technology is progressing at a fast rate. Currently VRBs account for only 2% of global vanadium demand, while many estimates are forecasting the market share for VRB’s to increase substantially as the emerging VRB space continues to grow.

Qualified person

Scott Dorion, P.Geo., is the designated Qualified Person of the Company as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this release.

Cautionary Notes

Note that these estimations precede National Instrument 43-101, are repeated for historical reference only, and are not to be relied upon. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or reserves; and the issuer is not treating the historical estimate as current mineral resources or reserves.  Nevertheless, the estimates were completed by competent individuals to the standard of the day, and are considered to be relevant to future exploration of the property.

ON BEHALF OF THE BOARD OF DIRECTORS OF DELREY METALS CORP.

“Morgan Good”

Morgan Good, President and Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, but are not limited to, general business and economic uncertainties. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

1Historical information contained in this news release cannot be relied upon as the Company’s Qualified Person, as defined under NI 43-101 has not prepared nor verified the historical information.

2Adjacent Properties This news release contains information about adjacent properties on which Delrey Metals does not have the right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

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

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TerraX completes high resolution airborne magnetic and radiometric and LiDAR surveys over the Quyta-Bell property

TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF – http://www.commodity-tv.net/c/search_adv/?v=298245) is pleased to announce the completion of a helicopter-borne high resolution magnetic and radiometric survey over the Quyta-Bell property of the Yellowknife City Gold Project (YCGP). This 6409 line-kilometer survey was completed by Precision GeoSurveys Inc., of Langley, BC. A 434 square kilometer airborne LiDAR survey was also completed over the Quyta-Bell property by LiDAR Services International Inc. of Calgary, AB. Maps of the airborne geophysical and LiDAR coverage are available here.   

These surveys received funding support totaling $160,000 (CDN) through the government of the Northwest Territories (GNWT) Mining Incentive Program (MIP). The MIP is administered by the Industry, Tourism and Investment ministry (ITI) of the GNWT.

Dave Suda, President and CEO of TerraX, stated “These airborne surveys will be used by the TerraX technical team to better define potential gold mineralized zones on the Quyta-Bell property. The MIP funding provided by the GNWT was a key component to the completion of these leading-edge surveys. Their forward-looking approach supports innovative geoscience for use in mineral exploration throughout the NWT.”

The technical information contained in this news release has been approved by Joseph Campbell, Executive Chairman of TerraX, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

About the Yellowknife City Gold Project

The Yellowknife City Gold Project ("YCGP") project encompasses 780 square kilometers of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX controls one of the six major high-grade gold camps in Canada. Being within 10 km of the City of Yellowknife, the YCGP is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power and skilled tradespeople.

The YCGP lies on the prolific Yellowknife greenstone belt, covering 70 km of strike length along the main mineralized break in the Yellowknife gold district, including the southern and northern extensions of the shear system that hosted the high-grade Con and Giant gold mines. The project area contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold district, with innumerable gold showings and recent high-grade drill results that serve to indicate the project’s potential as a world-class gold district. 

For more information on the YCGP, please visit our web site at www.terraxminerals.com.

On behalf of the Board of Directors
"JOSEPH CAMPBELL"

Joe Campbell
Executive Chairman of the Board

For more information, please contact:
Samuel Vella
Manager of Corporate Communications
Phone: 604-689-1749
Toll-Free: 1-855-737-2684
svella@terraxminerals.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@reosurce-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.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

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Rheinmetall Defence training technology: Simulation-based helicopter ready for take-off

Rheinmetall has been supplying state-of-the-art training solutions ever since more than a decade, supporting numerous major military systems such as the NH90, EF2000, Tornado, MIG 29, Tiger, A400M and KC390, as well as civil projects like the EC135, A320 and EC145.

The Düsseldorf-based Group’s extensive experience in the design, development, fabrication, maintenance and operation of military and civil flight training devices and flight training centres means that it is able to provide highly realistic aviation and mission training devices offering unrivalled value for money at low risk and in full compliance with all applicable regulations. Rheinmetall training solutions range in complexity from computer- based training systems (CBT) to FNPT, FTD, FFS and full-mission training systems, meeting even the most exacting customer requirements.

Rheinmetall’s flexible approach means that it can upgrade any device at any time. In addition, Rheinmetall Defence Electronics offers different “operational feature modules” such as hoist trainer or door gunner which can be added to existing RME training systems at any time in order to conduct specialized training operations.

Following in-depth consultation with the customer and an extensive training needs analysis, Rheinmetall has now embarked on a project to design, develop and manufacture a training device for the Airbus H145 M helicopter.

Discovering new, future-oriented business potential requires more than just close and timely cooperation between customer and contractor. Far more, it calls for new forms of networked thinking and working. A partnership of equals is essential in Rheinmetall’s philosophy. Minimization of costs and maximization of returns to the customer is fundamental to Rheinmetall’s whole approach to business. This makes Rheinmetall a highly flexible partner, with an openminded attitude to future-oriented intelligent workshare.

An example of the success of this strategy is EMBRAER’s decision to turn to Rheinmetall as a strong and reliable partner to design and deliver training devices for EMBRAER’s revolutionary new KC-390 aircraft, including cargo handling, procedure and maintenance trainers as well as flight and mission training systems, including full mission and flight simulators. Rheinmetall’s total commitment to the KC-390 programme laid the groundwork for successful, long-lasting cooperation between Embraer and Rheinmetall, which will definitely contribute to the overall success of the KC-390 programme.

In order to assure maximum quality, Rheinmetall plans to partner with Airbus in the H145M training device project. The Rheinmetall team is dedicated to providing the most competitive solutions possible, meticulously tailored to the specific requirements of the H145M, resulting in fully compliant, high-performance training devices.

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PFEIFER jetzt auch für Seilinspektionen auf hoher See zertifiziert (HUET/GWO)

Tauchend aus einem untergehenden Helikopter entkommen. Was wie eine Szene aus einem Actionfilm klingt, haben die Seilanwendungstechniker von PFEIFER im Rahmen einer Weiterbildung mit Bravour gemeistert.

Die Übung war Teil eines Spezialtrainings, dem sogenannten Helicopter Underwater Escape Training (HUET) mit CA-EBS (Compressed Air Emergency Breathing System). In einem Übungsbecken wurde ein Hubschrauber-Absturz simuliert und der Notausstieg trainiert. Auch die Evakuierung aus der Luft, auf der Wasseroberfläche und unter Wasser sowie das richtige Verhalten auf einer Rettungsinsel waren Teil des Trainings.

Ergänzend dazu haben die PFEIFER-Mitarbeiter das Basic Saftey Training Standard der Global Wind Organisation (GWO) absolviert. Dieses richtet sich an Personen, die in Windenenergieanlagen arbeiten und soll ein möglichst unfallfreies Arbeiten gewährleisten. Geübt wurde beispielsweise das sichere Abseilen aus luftiger Höhe.

Die beiden erworbenen Zertifikate erlauben es den PFEIFER-Mitarbeitern nun auch Seilinspektionen an Offshore-Kranen direkt auf hoher See durchzuführen. Dadurch wird dem Kunden viel Zeit und Geld erspart.

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Rheinmetall at MILIPOL – a strong partner of the security services

As a leading tech enterprise specializing in security and mobility, Rheinmetall feels a special obligation to make the best-possible equipment available to the people tasked with protecting us. This year, from 21 to 24 November, Rheinmetall will be presenting a selection of its extensive array of law enforcement and security products at the MILIPOL international security show in Paris.

The Survivor R protected special operations vehicle

The Survivor R epitomizes Rheinmetall’s commitment to the twin imperatives of security and mobility. Developed in cooperation with special vehicle maker Achleitner, it is extremely well suited for police special operations. In Germany, state-level police forces in Berlin and Saxony have already opted to equip their SWAT teams with the Survivor R.

Based on a high-performance 4×4 MAN truck chassis, the Survivor R is fitted with a steel armour cab. Capable of reaching speeds of over 100 km/h, the vehicle combines tried-and-tested automotive technology from major production runs with the latest force protection concepts from Rheinmetall.

An armoured monocoque cab with add-on protection elements can be individually and discreetly modified to meet evolving threat situations, while a ventilation system for filtering out nuclear, biological and chemical agents is standard equipment in every Survivor R vehicle. Although it is extremely well protected, the external appearance of the law enforcement version of the Survivor R is specifically designed to make a deescalating, non-military impression. Well lit and ergonomically designed, the interior is spacious enough to seat up to eleven personnel with their personal equipment as well as extensive C4I and communications equipment. This versatile vehicle can also be equipped with remotely operated weapon stations. For the first time ever, Rheinmetall is showcasing the Survivor R at MILIPOL 2017 with an integrated Qimek weapon station.

Systematic use of off-the-shelf civilian parts and serially produced military components make the vehicle an affordable option, while users can rely on Rheinmetall MAN’s global service network for maintenance and repairs. This makes the Survivor R a cost-effective, easy-to-maintain vehicle platform with low lifecycle costs and a high level of operational readiness.

Special effects technology

Rheinmetall offers a comprehensive array of pyrotechnic products. When it comes to SWAT team-type operations, the Group’s portfolio of multi-bang grenades and improved-performance flash-bang grenades with bottom-top venting (BTV) technology offers the perfect solution. They are extremely safe to handle, highly precise and very reliable.

Rheinmetall has developed a wide assortment of flares for signalling and for illuminating the area of operations at night. These include the handheld Mithras, with ranges of 300, 600 and 1,000 metres, with versions available for the visible and infrared sector.

40mm system family

As a leading maker of munitions, Rheinmetall’s extensive portfolio of 40mm x 46 products covers multiple operational scenarios. These range from distraction rounds and marking charges to non-lethal impulse ammunition and highly effective special solutions for methods of entry, or MOE.

Moreover, as a top maker of military systems and equipment, Rheinmetall offers a wide variety of relevant weapon concepts. These include the RS40 grenade launcher, whether as a build-on or standalone system, and the Magazine-Fed Grenade Launcher, or MFGL, which features integrated hydraulic shock absorption.

The Group’s fire control and aiming devices make Rheinmetall a one-stop shop for 40mm system technology.

Laser light modules

Rheinmetall has recently added two more modular components to its "VarioRay" family of laser light modules. The VarioRay LowProfile laser module and the separate "Lumenator" weapon lamp with 500-lumen illumination power provide the user with even greater tactical flexibility – despite their extremely small dimensions. The new products are key components for boosting the operational effectiveness of modern small arms. Moreover, visitors to the Rheinmetall stand at MILIPOL 2017 can learn about other members of the VarioRay family as well as the Group’s MultiRay MR 500 and MR 800 fire control aiming devices. Also on display is the TAC-Ray 1500 sniper build-on module with integrated ballistic computer.

Force protection

Rheinmetall’s line of VERHA (Versatile Rheinmetall Armour) products lends itself to multiple applications, including maritime, land and air platforms as well as protective vest components. During the course of several contracts, Rheinmetall has already supplied various types of protective systems to customers in the civil and military sectors as well as law enforcement. Examples here include the partial armouring of ships, carbon fibre protection components for luxury limousines, hard ballistic inserts for bullet-resistant vests, and quick-mounting add-on protective elements for armouring helicopter cockpits.

In addition, Rheinmetall’s innovative Sensing Armour technology offers a reliable means of servicing and inspecting hard ballistic protective vest inserts. The core feature of this technology is a sensor embedded in the inserts. This enables fast and easy detection of damage to inserts which otherwise appear to be intact – and without the need for expensive X-ray inspections.

Furthermore, at MILIPOL Rheinmetall is also showcasing its rapid smoke/obscurant system, ROSY, which provides reliable concealment in the event of an unexpected attack. Unlike conventional smoke/obscurant systems, it is not only capable of producing an instantaneous, extensive, multispectral interruption of the line of sight, but also generates a dynamic wall of smoke/obscurant, providing moving objects with long-lasting protection.

ROSY is available for various applications. The modular variant ROSY_Mod is suitable for small weapon stations and small vehicles, such as those used by special operators. ROSY_Mod can be directly – and invisibly – integrated into a vehicle with no need for a launcher.

Cyber

In an era of digital vulnerability, the world needs innovative solutions, including ways of camouflaging potential targets for attack and for tricking attackers. Defending national cyberspace requires comprehensive knowledge of its structure, extent and most of all its vulnerability.

At MILIPOL, Rheinmetall is presenting several of its solutions in the realm of cyber security. These include -cyel equilibrium, which is based on the moving target approach, while the Group’s cyobs cyber radar measures, analyses and visualizes a country’s cyber vulnerability.

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