Delrey mobilizes exploration crews to follow up on positive geophysical surveys

DELREY METALS CORP. (CSE:DLRY, FSE:1OZ, OTC:DLRYF) (“Delrey” or the “Company”- https://www.commodity-tv.net/c/search_adv/?v=298860  ) is pleased to announce that it has mobilized a team of exploration geologists and samplers to its wholly owned Star, Porcher and Blackie properties located near Prince Rupert, British Columbia. The crew will be ground-truthing several kilometer-scale, high amplitude (up to 7,200 gamma) magnetic anomalies highlighted by the recently completed high-resolution geophysical surveys on its projects (see news release dated April 15, 2019).

The magnetic anomalies are interpreted to be caused by accumulations of magnetite in the host gabbros, which may potentially host concentrations of iron, titanium and vanadium mineralization (Fe-Ti-V). The magnetic highs are coincident with anomalous vanadium up to 158 ppm in stream sediment samples collected by the BC Geological Survey (BCGS). The majority of the anomalies are favourably located near tidewater or along active logging roads, allowing for good access for sampling crews. Bedrock exposures in these anomalous areas will be extensively sampled on all three properties and assay results will be released upon receipt.

Morgan Good, Delrey’s President and Chief Executive Officer commented, “We are very excited for our projects to have boots on the ground so early in the exploration season. A low snowpack and milder conditions along BC’s northern coast allowed us to begin exploring our BC assets in a relatively short time frame after acquiring them. Delrey’s guiding objective is to move rapidly on evaluating our projects and this is a great first step. We are working on a swift turnaround of assay results which could potentially generate several high priority drill targets for our 2019 season on these projects.”

About Blackie

Blackie is a 1,213 hectare property, 100% owned by Delrey and located 96km south-southwest of Prince Rupert, British Columbia along tide-water. The property is centered on a large gabbroic body with estimated dimensions of 1.2km x 0.4km x 0.5km hosting iron-titanium-vanadium mineralization within massive titaniferous magnetite with historic bedrock samples assaying as high as 2.14% V205.1

About Porcher

Porcher is a 3,525-hectare property, 100% owned by Delrey and located 38km south-southwest of Prince Rupert, British Columbia along tide-water. The property is centered on two north-south trending gabbroic dykes (5.2km x 1km and 4km x 0.6km) hosting iron-titanium-vanadium mineralization within titaniferous magnetite with historic concentrate grades assaying as high as 0.84% V205.1

About Star

Star is a 4,618-hectare property, 100% owned by Delrey and located 27km south-southwest of Prince Rupert, British Columbia along tide-water. The property encompasses several strong magnetic anomalies which are drained by highly anomalous vanadium in streams, up to 158ppm (99th percentile), sampled in 2000 as part of the British Columbia Geological Survey’s Regional Geochemical Survey (RGS) program.1

About Delrey

Delrey is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy metals space. The Company recently announced an LOI to acquire an 80% interest in the Four Corners Project in Newfoundland and Labrador. The Four Corners Project hosts iron-titanium-vanadium mineralisation and subject to considerable historic exploration, drilling and metallurgical work showing positive results. The project is easily accessible with highway access and power lines intersecting the property. It is 35km away from the commercial town of Stephenville and a deep-water port providing everything necessary for its exploration and development. The Company has also recently purchased the Star, Porcher, Peneece and Blackie iron-titanium-vanadium properties located along tide-water in Northwest British Columbia. Delrey will continue to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “DLRY”.

Qualified person

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

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

“Morgan Good”

Morgan Good
President and Chief Executive Officer

1Please note all work mentioned above is historic in nature and cannot be relied upon as Delrey’s QP, as defined under NI 43-101 has not prepared nor verified the historical information at this time. Any reference to historical results are believed to be based on reasonable assumptions, and neither the company nor its qualified person has any reason to contest the relevance and reliability of the historical samples. A qualified person has not done sufficient work to replicate any mention of historic rock grab samples using current lab methods. Although the historical rock grab samples are believed to be based on reasonable sampling and assay methodologies, they were calculated prior to the implementation of National Instrument 43-101. Any historical assays do not meet current standards as defined under sections 3.2a-c of NI 43-101; consequently, the Company is not treating the historical rock grabs with full confidence at this time. 

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.

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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Valispace at Hannover Messe 2019

Valispace is a browser-based software that enables engineers to develop complex hardware more efficiently and cost-effectively. Discover the Valispace booth at Hannover Messe to find out how we are changing engineering to be less like “The Office” and more like “Iron Man”.

Funny Valispace video (2 min): “The Future of Engineering has Arrived”: https://youtu.be/f-SP-PsAXeI

Greater efficiency and lower costs in hardware development

The development of complex hardware products such as satellites, drones, robots, submarines and chemical facilities today involves thousands of documents, user manuals, test reports and interface data sheets – as was the case 40 years ago. Valispace was founded by aerospace engineers in a bid to put Excel engineering to the sword and drive digitalisation in hardware development. “If there are 20,000 official and 300,000 unofficial, inconsistent documents on a server for a single project, it’s not surprising that complex engineering projects are so expensive,” says co-founder and CEO Marco Witzmann. He adds: “While software engineering has become a lot more efficient in the past few years, industrial companies are lagging behind when it comes to hardware development. Valispace cuts engineering costs by more than 15 percent. That’s a huge sum of money in major projects.”

Common problems across complex hardware industries

Valispace’s customer base already includes companies from the aerospace and energy industries, such as AIRBUS, OHB Luxspace, GOMspace, DLR and Commonwealth Fusion Systems. Valispace is now expanding into new markets such as robotics, special-purpose mechanical engineering, industrial plant planning and commercial vehicle development. Shorter product life cycles as well as greater innovation and cost pressures are just some of the challenges that hardware developers are confronted with today. Valispace can help these companies by taking care of laborious admin work and enabling engineers to invest their entire productivity in completing technical tasks.

While most of Hannover Messe focuses on how digitization and industry 4.0 affects the production, at the Valispace booth you will learn about the potential in engineering.

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19th International Automobile Recycling Congress IARC 2019

The program has been decided, the congress guide printed and the final preparations are in full swing: this year’s International Automobile Recycling Congress IARC 2019 is beginning in just under three weeks – and the only thing missing is you! We hope you will be attending and we look forward to seeing you in Vienna.

Again this year we have put together an interesting and highly diverse program for you. We are greatly looking forward to our opening and keynote speakers, who will be sharing their market assessments with us on March 20 and 21. This year we will be welcoming as keynote speakers:

  • DI Christian Holzer (Federal Ministry of Sustainability and Tourism, Austria)
  • Eric Hannon (McKinsey & Company, Germany) and
  • Johann Prammer (voestalpine AG, Austria)

At the IARC 2019, Johann Prammer will be providing us with an overview of technological trends for processes and materials up to the year 2050. Before the conference we had an opportunity to talk to him and in an interview he told us about current major trends and how he sees the role of the circular economy:

  • Mr Prammer, at the IARC 2019 you will be speaking about current trends in terms of materials used in the steel industry. What are the main trends at the moment?

The automotive industry is voestalpine’s largest customer sector by far and accounts for one third of Group sales. When it comes to topics such as decarbonisation and the energy transition, we are all in the same boat, so to speak, and both the steel and the mobility sectors will be fundamentally impacted by these factors in the long term. It’s not simply a matter of how we intend to produce going forward, i.e. how to manufacture steel as closely to carbon-neutral as possible, but also how much added value the material can generate for our customers and which contribution it can make to driving the mobility of the future.

  • The automotive industry is a key sales market for the steelmaking sector. Major carmakers are under pressure to reduce their carbon emissions and are thus looking to make their vehicles as light as possible. In view of this fact, how can steel assert itself against lightweight metals such as aluminium?

 

 

 

The new EU targets for CO2 reduction by 2030 for cars, buses and trucks are not only quite ambitious technically, but also in terms of time, considering the conventional product development and production cycles of average models. We are helping to achieve this goal, for example, by developing high-strength steels and components made of light metal alloys. Moreover, we are working intensively on solutions for alternative drive systems such as electric mobility, for example by developing special electrical steel for motors or materials for making batteries.

Despite being practically declared dead as a carmaking material not so long ago, steel will continue to play a key role going forward. Every material has its strong points, and competition between materials stimulates innovation.

  • How do you rate approaches such as Circular Economy or Life Cycle Assessment in this context?

Apart from their purely material properties, the overall ecological footprint of materials, products and value chains is becoming an increasingly significant aspect. The long-term EU strategy "A Clean Planet for All" also addresses these issues quite extensively. The question is how this can be implemented, because system boundaries, evaluation criteria, measurability and the like must first be developed, defined and made transparent. In my view, this is a very long-term goal, although the right one in principle.

For example, the automotive industry has been the most important driver of the LCA, and in the overall life cycle analysis we see considerable advantages in the assessment of steel compared with other materials, such as its carbon footprint over the entire life cycle, energy consumption in production and reuse in production – specifically as scrap for making crude steel. At more than 25%, voestalpine uses an above-average share in its production process compared with the EU average (19%) or even China (10%), not to forget its practically infinite recyclability.

  • What is your impression regarding the role that the recyclability of materials currently plays in the automotive industry?

Today, it goes without saying that recycling is part of the economic cycle, and that includes the automotive industry. So-called recyclates, i.e. recycled materials, are being used with increasing frequency.

When scrap metals are typically recycled, up to 100% of the car body steel gets used. This is where the greatest amount of recyclates are to be found – in new vehicles, too. Because these are already integrated in the production of new steels in the form of "processed scrap", car manufacturers no longer have to worry about them. However, with plastics it’s a different story, as in contrast to steel and iron materials, plastic applications require separate testing and approval of the recycling material for each respective component.

Recyclable materials may even be superior to new ones, as they may be less prone to dimensional and shape changes. For example, certain components are manufactured using recycled plastics. However, there are limits to the amount of recycled material that can be built into a car. Safety-related components such as crash structures or airbag-related components are not made of recyclates. The materials exhibit a slightly greater variance in vibration behaviour and elongation at break, which must be compensated for by the use of additives or taken into account when the component is produced. That’s why they are not so suitable for safety-related components.

  • The steel industry is also under pressure to reduce its CO2 emissions. Is the expansion of electric steel mills an option, or are new technologies, such as hydrogen-based steel production, more likely to be used?

If we, like the EU steel industry as a whole, by the way, commit ourselves to the climate targets, then the required CO2 reduction of at least 80% by 2050 will not be achievable with existing processes, i.e. the blast furnace/basic oxygen furnace route that is still dominant worldwide. Electric steel mills, or rather electric arc furnaces, will certainly make a contribution to CO2 reduction in the steel production chain in the future. Ultimately, however, the overall system of energy and raw materials management must always be taken into consideration – and this ultimately also involves economic availability. Irrespective of possible intermediate steps to replace coal with natural gas, for example, we are therefore working intensively on new metallurgical technologies based primarily on hydrogen. However, it is not so much an R&D issue as a broad implementation of new processes that ultimately depends on the management of energy and raw materials going forward. This is where we come back to your original question, as future concepts for the automotive industry, whether electric or hydrogen mobility, are also faced with the same challenge: It will require many times more energy, which needs to be provided at competitive cost with a stable supply and the most efficient infrastructure possible.

Thank you for the interview, Mr Prammer.

If you want to find out more about this topic and lots of others, too, please come to the IARC 2019 in Vienna. Don’t miss this opportunity to exchange news and ideas with experts from every field of the automotive recycling sector. We look forward to welcoming you to this year’s industry meeting. For all the details on the program and how to register, go to: https://www.icm.ch/iarc-2019.

 

 

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Three-Term Idaho Governor Butch Otter Joins First Cobalt Board of Directors

First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company” –  https://www.commodity-tv.net/c/search_adv/?v=298244) is pleased to announce the appointment of former Governor C.L. “Butch” Otter to the Company’s Board of Directors. Gov. Otter has had a long and prominent political career including both federal and state positions. In January 2019, Gov. Otter retired as Governor of Idaho following a 12-year tenure, making him the longest consecutively-serving governor in the United States. The addition of Gov. Otter to the Company’s Board of Directors will allow First Cobalt to draw on his extensive knowledge of the Idaho state landscape as First Cobalt advances the Iron Creek Cobalt Project in Idaho, US. Before devoting his career full-time to politics, Gov. Otter had a more than 30-year career as a business leader including 12 years as President of Simplot International.

It is an honour to welcome Butch to the Board.” said Paul Matysek, Chairman of First Cobalt’s Board of Directors. “The former Governor brings extensive political experience and a strong business acumen, both of which will serve our Company and shareholders well. This key addition to the board of First Cobalt will certainly help advance our interests in becoming a leading producer in the United States.

First Cobalt and Gov. Otter believe in developing a domestic supply of cobalt within the US to supply the growing demand over the coming years.

Idaho has a long and rich mining history and the Idaho Cobalt Belt is strategically important to America as we seek to reduce our reliance on foreign sources of cobalt and other critical minerals,” said Gov. Otter. “Our country needs to become more self-reliant for minerals that are of strategic importance to our military and industry. First Cobalt has demonstrated a commitment to move swiftly and responsibly to develop a domestic supply of cobalt and I am keen to help with these efforts.”

I am grateful to have another strong director join the board and I look forward to working with Butch on our Idaho project,” said Trent Mell, President & Chief Executive Office of First Cobalt. “First Cobalt’s strategy is to explore, mine and refine cobalt material in North America with the goal of providing cobalt to the American EV market. Gov. Otter’s deep roots in Idaho as well as his breadth of understanding of the federal and state-level political landscapes will be a tremendous asset as we continue to advance the Iron Creek Cobalt Project.

About Gov. Butch Otter

C.L. “Butch” Otter is an American businessman and politician who served as the 32nd Governor of Idaho, from 2007 to 2019. He was elected in 2006 and reelected in 2010 and 2014. Gov. Otter served as lieutenant governor for 14 years, from 1987 to 2001, and in U.S. Congress from the first district from 2001 to 2007. When he left office in January 2019, Gov. Otter was the longest-serving governor in the United States whose time in office had ran consecutively, at 12 years. His election win in 2014 was his tenth consecutive victory.

Before devoting his career full-time to politics. Gov. Otter spent more than 30 years as a business leader including 12 years as President of Simplot International, a potato, livestock, and feeding company. Simplot has an integrated portfolio that includes phosphate mining, fertilizer manufacturing, farming, ranching and cattle production, food processing, food brands, and other enterprises related to agriculture. Simplot’s major operations are located in the U.S., Canada, Mexico, Australia, and China, with products marketed in more than 40 countries worldwide. For more information, visit http://www.simplot.com.

In connection with this appointment, the Company has issued incentive grants to purchase an aggregate of 150,000 deferred share units and 1,000,000 common shares of First Cobalt exercisable at a price of $0.18 for a period of five years. The grant of options remains subject to the approval of the TSX Venture Exchange and the requirements of the Australian Securities Exchange.

About First Cobalt

First Cobalt is a North American pure-play cobalt company whose flagship asset is the Iron Creek Cobalt Project in Idaho, USA, which has Inferred mineral resources of 26.9 million tonnes grading 0.11% cobalt equivalent. The Company also owns the only permitted primary cobalt refinery in North America. While currently on care and maintenance, the Company is exploring a potential restart of the Refinery, which has the potential to produce up to 1,000 tonnes of cobalt material per year. 

 

Cautionary Note Regarding Estimates of Resources

Readers are cautioned that mineral resources are not economic mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. The estimate of mineral resources may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. The mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s "2014 CIM Definition Standards on Mineral Resources and Mineral Reserves" incorporated by reference into NI 43-101. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for Preliminary Economic Assessment as defined under NI 43-101. Readers are cautioned not to assume that further work on the stated resources will lead to mineral reserves that can be mined economically. An Inferred Mineral Resource as defined by the CIM Standing Committee is "that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration."

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects‘, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for First Cobalt, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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Ehemaliger Governor von Idaho, Butch Otter, tritt in den Board of Directors von First Cobalt ein

First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (das „Unternehmen" – https://www.commodity-tv.net/c/search_adv/?v=298244) gibt die Ernennung des ehemaligen Gouverneurs C.L. „Butch“ Otter in den Board of Directors des Unternehmens bekannt. Gov. Otter hatte eine lange und herausragende politische Karriere einschließlich bundesstaatlicher und staatlicher Positionen. Im Januar 2019 trat Gov. Otter nach 12-jähriger Amtszeit von seinem Amt als Gouverneur des US-Bundesstaates Idaho zurück, was ihm zum am längsten fortlaufend dienenden Gouverneur in den USA macht. Die Aufnahme von Gov. Otter in den Board of Directors des Unternehmens wird es First Cobalt erlauben, seine umfassende Kenntnis des US-Bundesstaates Idaho in Anspruch zu nehmen, während First Cobalt das Kobaltprojekt Iron Creek im US-Bundesstaat Idaho avanciert. Bevor er sich hauptamtlich der Politik zuwandte, hatte Gov. Otter eine über 30-jährige Laufbahn als ein Wirtschaftsführer einschließlich 12 Jahre als President der Simplot International.

Es ist eine Ehre, Butch im Board zu begrüßen,“ sagte Paul Matysek, Chairman von First Cobalts Board of Directors. „Der ehemalige Gouverneur bringt umfassende politische Erfahrung und einen starken Geschäftssinn mit sich. Beides wird unserem Unternehmen und unseren Aktionären behilflich sein. Diese wichtige Ergänzung des Boards of First Cobalt wird bei der Weiterentwicklung unserer Interessen sicherlich hilfreich sein, ein führender Produzent in den USA zu werden.“

First Cobalt und Gov. Otter glauben an die Entwicklung einer inländischen Kobaltversorgung innerhalb der USA, um der wachsenden Nachfrage in den kommenden Jahren nachzukommen.

„Idaho hat eine lange und reiche Bergbaugeschichte und der Idaho Cobalt Belt (Kobaltgürtel) ist für Amerika von strategischer Bedeutung, da wir versuchen, unsere Abhängigkeit von ausländischen Kobaltquellen und anderen kritischen Mineralen zu reduzieren,“ sagte Gov. Otter. „Unser Land muss hinsichtlich der Minerale, die von strategischer Bedeutung für unser Militär und unsere Industrie sind, eigenständiger werden. First Cobalt hat ein Engagement demonstriert, eine inländische Kobaltquelle schnell und verantwortungsvoll zu entwickeln und ich freue mich darauf, diese Arbeiten zu unterstützen.“

Ich bin dankbar, dass ein weiterer starker Director in den Board eintritt und ich freue mich auf eine Zusammenarbeit mit Butch auf unserem Projekt in Idaho,“ sagte Trent Mell, President und Chief Executive Officer von First Cobalt. „First Cobalts Strategie ist, Kobaltmaterial in Nordamerika zu explorieren, abzubauen und zu raffinieren. Das Ziel dabei ist, den amerikanischen Markt für Elektrofahrzeuge mit Kobalt zu versorgen. Gov. Otters tiefe Wurzeln in Idaho sowie seine umfassende Kenntnis der bundesstaatlichen und staatlichen politischen Landschaften werden ein gewaltiges Asset sein, während wir das Kobaltprojekt Iron Creek weiterentwickeln.“

Über Gov. Butch Otter

C.L. „Butch“ Otter ist ein amerikanischer Geschäftsmann und Politiker, der von 2007 bis 2019 als der 32. Gouverneur von Idaho im Amt war. Er wurde im Jahr 2006 gewählt und in den Jahren 2010 und 2014 wiedergewählt. Gov. Otter diente von 1987 bis 2001 für 14 Jahre als Leutnant Gouverneur und vertrat den ersten Bezirk von 2001 bis 2007 im U.S. Congress. Als er im Januar 2019 sein Amt niederlegte, war Gov. Otter der am längsten dienende Gouverneur in den USA, dessen Amtszeit fortlaufend über 12 Jahre ging. Sein Wahlsieg im Jahr 2014 war sein 10. Sieg in Folge.

Bevor er sich hauptamtlich der Politik zuwandte, hatte Gov. Otter eine über 30-jährige Laufbahn als ein Wirtschaftsführer einschließlich 12 Jahre als President der Simplot International, ein Kartoffel-, Nutztier- und Futtermittelunternehmen. Simplot hat ein integriertes Portfolio, das Phosphatbergbau, Düngemittelherstellung, Farming, Ranching und Rinderzucht, Lebensmittelverarbeitung, Lebensmittelmarken und andere mit der Landwirtschaft in Verbindung stehende Unternehmungen umfasst. Simplots Hauptbetriebe befinden sich in den USA, Kanada, Mexiko, Australien und China. Die Produkte werden weltweit in über 40 Ländern vermarktet. Für weitere Informationen besuchen sie bitte:  http://www.simplot.com.

In Verbindung mit dieser Ernennung hat das Unternehmen Leistungsanreizoptionen zum Erwerb von insgesamt 150.000 Nachzugsaktieneinheiten und 1.000.000 Stammaktien der First Cobalt ausgegeben, die über einen Zeitraum von fünf Jahren zu einem Preis von 0,18 Dollar ausübbar sind. Die Gewährung der Optionen unterliegt der Genehmigung der TSX Venture Exchange und den Anforderungen der Australian Securities Exchange.

Über First Cobalt

First Cobalt ist ein nordamerikanisches Pure-Play-Kobaltunternehmen, dessen Vorzeige-Projekt das Kobaltprojekt Iron Creek in Idaho, USA, ist. Dieses Projekt beherbergt geschlussfolgerte Mineralressourcen von 26,9 Millionen Tonnen mit einem Gehalt von 0,11 % Kobaltäquivalent. Das Unternehmen besitzt auch die einzige zugelassene Kobaltraffinerie in Nordamerika. Obwohl sie zurzeit gewartet und In Stand gehalten wird, überprüft das Unternehmen eine mögliche Wiederinbetriebnahme der Raffinerie, die das Potenzial zur Produktion von 1.000 Tonnen Kobaltmaterial pro Jahr besitzt.

 

Vorsichtshinweis zu Ressourcenschätzungen

Die Leser werden darauf hingewiesen, dass Mineralressourcen keine wirtschaftlichen Mineralreserven sind und dass die wirtschaftliche Lebensfähigkeit von Ressourcen, die keine Mineralreserven sind, nicht nachgewiesen wurde. Die Schätzung der mineralischen Ressourcen kann wesentlich von geologischen, ökologischen, zulassungs-, rechtlichen, Titel-, gesellschaftspolitischen, Marketing- oder anderen relevanten Fragen beeinflusst werden. Die Schätzung der Mineralressourcen wird in Übereinstimmung mit den "2014 CIM Definition Standards on Mineral Resources and Mineral Reserves" des Canadian Institute of Mining, Metallurgy and Petroleum klassifiziert, die durch Verweis in NI 43-101 aufgenommen wurden. Nach kanadischen Regeln dürfen Schätzungen von abgeleiteten Mineralressourcen nicht die Grundlage für Machbarkeits- oder Vormachbarkeitsstudien oder Wirtschaftsstudien bilden, mit Ausnahme der vorläufigen wirtschaftlichen Bewertung gemäß NI 43-101. Die Leser werden darauf hingewiesen, nicht davon auszugehen, dass weitere Arbeiten an den genannten Ressourcen zu Mineralreserven führen, die wirtschaftlich abgebaut werden können. Eine abgeleitete Mineralressource im Sinne des ständigen Ausschusses von CIM ist "der Teil einer Mineralressource, für den Quantität und Qualität oder Qualität auf der Grundlage begrenzter geologischer Nachweise und Probenahmen geschätzt werden. Geologische Beweise reichen aus, um geologische Kontinuität und Güte oder Qualität zu implizieren, aber nicht zu überprüfen. Eine abgeleitete Mineralressource hat ein geringeres Vertrauen als diejenige, die für eine angezeigte Mineralressource gilt, und darf nicht in eine Mineralreserve umgewandelt werden. Es wird vernünftigerweise erwartet, dass die Mehrheit der abgeleiteten Mineralressourcen bei fortgesetzter Exploration in angezeigte Mineralressourcen umgewandelt werden könnte."

Vorsichtshinweis zu zukunftsgerichteten Aussagen

Diese Pressemitteilung kann zukunftsgerichtete Aussagen und zukunftsgerichtete Informationen (zusammen "zukunftsgerichtete Aussagen") im Sinne der geltenden Wertpapiergesetze und des United States Private Securities Litigation Reform Act von 1995 enthalten. Alle Aussagen, mit Ausnahme von Aussagen über historische Fakten, sind zukunftsgerichtete Aussagen. Im Allgemeinen können zukunftsgerichtete Aussagen durch die Verwendung von Terminologie wie "Pläne", "erwartet", "schätzt", "beabsichtigt", "antizipiert", "glaubt" oder Variationen solcher Wörter oder Aussagen, dass bestimmte Handlungen, Ereignisse oder Ergebnisse "möglicherweise", "könnte", "würde", "könnte", "könnte", "könnte", "könnte", "könnte" oder "erreicht werden". Zukunftsgerichtete Aussagen beinhalten Risiken, Unsicherheiten und andere Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse, Leistungen und Chancen wesentlich von denen abweichen, die in solchen zukunftsgerichteten Aussagen impliziert sind. Faktoren, die dazu führen könnten, dass die tatsächlichen Ergebnisse wesentlich von diesen zukunftsgerichteten Aussagen abweichen, sind in der Diskussion und Analyse des Managements und anderen Offenlegungen von Risikofaktoren für First Cobalt dargelegt, die auf SEDAR unter www.sedar.com. veröffentlicht wurden. Obwohl First Cobalt der Ansicht ist, dass die bei der Erstellung der zukunftsgerichteten Aussagen verwendeten Informationen und Annahmen angemessen sind, sollte man sich nicht übermäßig auf diese Aussagen verlassen, die nur zum Zeitpunkt dieser Pressemitteilung gelten, und es kann nicht garantiert werden, dass solche Ereignisse in den angegebenen Zeiträumen oder überhaupt eintreten werden. Sofern nicht gesetzlich vorgeschrieben, lehnt First Cobalt jegliche Absicht oder Verpflichtung ab, zukunftsgerichtete Aussagen zu aktualisieren, oder zu überarbeiten, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen.

Die Ausgangssprache (in der Regel Englisch), in der der Originaltext veröffentlicht wird, ist die offizielle, autorisierte und rechtsgültige Version. Diese Übersetzung wird zur besseren Verständigung mitgeliefert. Die deutschsprachige Fassung kann gekürzt oder zusammengefasst sein. Es wird keine Verantwortung oder Haftung für den Inhalt, die Richtigkeit, die Angemessenheit oder die Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung auf www.sedar.com, www.sec.gov, www.asx.com.au/ oder auf der Firmenwebsite!

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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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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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Zinc One Announces Positive Initial Resource Estimate at Bongará Zinc Mine Project, Peru

Zinc One Resources Inc. (TSX-V: Z; OTC Markets: ZZZOF; Frankfurt: RH33 – “Zinc One” or the “Company” – http://www.commodity-tv.net/c/search_adv/?v=298394) announces the first National Instrument 43-101 (“NI 43-101”) Mineral Resource estimate for its Bongará Zinc Mine project in north-central Peru.  The estimate was prepared for the Company by Watts Griffis and McOuat Limited (“WGM”).  A supporting NI 43-101 technical report will be available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.zincone.com within 45 days of this release.

The estimate consists of an Indicated Mineral Resource of 812,000 tonnes averaging 18.9% Zn containing 339,000,000 lbs of Zn at a 10% Zn cut-off and an Inferred Mineral Resource of 1,339,000 tonnes averaging 16.8% Zn containing 496,000,000 lbs of Zn at a 10% Zn cut-off.

Greg Crowe, Director of Zinc One, stated, “This initial Mineral Resource estimate quantifies the amount of high-grade zinc in an area of known near-surface mineralization along a 1.4-kilometre trend. Further, geologic mapping and surface sampling confirms the potential of the larger Bongará Zinc Mine project to host additional significant zinc mineralization.   Overall, the area of the new mineral resource estimate occupies only a small area along the strike of eight kilometres of prospective stratigraphy.  In 2019, we plan to carry out additional drilling that includes upgrading the confidence level of the currently defined Inferred Mineral Resources and to expand the overall resource at nearby undrilled high-priority targets located between Mina Chica and Mina Grande Norte and northwest of Mina Chica at Campo Cielo.”

The Bongará Zinc Mine project contains an 8-kilometre trend with known near-surface, high grade zinc mineralization.  Very little systematic exploration has been completed along this trend, except for drilling at the Cristal Project (northwest end of the trend) that identified a body of high-grade zinc mineralization. This provides an exciting opportunity to discover zinc-rich deposits in future exploration campaigns.

The zinc mineralization at the Bongará Zinc Mine project is classified as a Mississippi Valley-type (“MVT”) deposit and is mostly hosted by strongly dolomitized brecciated limestones beds. The mineralization can also occur as tabular bodies with irregular boundaries, which is a characteristic of that mineralization encountered along the periphery of breccias, especially at Mina Chica. The original MVT sulphide mineralization has been oxidized and now occurs as hydrozincite (zinc-oxide mineral), smithsonite (zinc-carbonate mineral), hemimorphite (zinc-silicate mineral), and zinc-aluminum-iron silicates.  

The former Bongará Mine operated during 2007-08, successfully producing zinc from this type of mineralization using a Waelz kiln for processing.  The kiln does not require copious amounts of water and an electrical grid, and the waste product is slag that can be used as road material, among other things, thus precluding a permanent tailings storage facility and minimizing initial and sustaining capital outlays.

Qualified Persons

The technical content of this news release has been reviewed, verified and approved by Al Workman, P.Geo., senior geologist and Vice-President of WGM and John Reddick, P.Eng, senior WGM Associate resource modelling engineer, both Qualified Persons under National Instrument 43-101.  WGM is an independent firm of consulting geologists and engineers that have visited the project regularly since 2014.  WGM assisted Zinc One in designing, monitoring, and auditing its quality control program.

About Zinc One Resources Inc.

Zinc One’s key assets are the Bongará Zinc Mine Project and the Charlotte-Bongará Zinc Project in north-central Peru.  The Bongará Zinc Mine Project was in production from 2007 to 2008 but was closed due to the Global Financial Crisis and the concurrent decrease in the zinc price. Past production included >20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte-Bongará and Cristal Project areas, which are over six kilometres to the north-northwest and where past drilling also intercepted various near-surface zones with high-grade zinc as well. 

Additional Information

Monica Hamm
VP, Investor Relations
Zinc One Resources Inc.
Phone: (604) 683-0911
Email: mhamm@zincone.com
www.zincone.com

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

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One’s limited operating history, its proposed exploration and development activities on the Bongará Zinc Oxide Mine Project and the need to comply with environmental and governmental regulations.  Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.

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

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First Cobalt erweitert Iron Creek um 100 Meter abwärts im Zentralbereich

<p>First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (das "Unternehmen") freut sich, die Bohrergebnisse seines Iron Creek Kobaltprojekts in Idaho, USA, zu melden, die die Mineralisierung in der Tiefe erweitern und weiterhin dicke mineralisierte Bereiche zwischen den beiden bekannten Zonen sowie in der Fußwand und dem hängenden Mauer des aktuellen Ressourcenbereichs zeigen.</p> <p><strong>Höhepunkte:</strong></p> <ul> <li>Die Mineralisierung erweiterte sich um weitere 100 m bis 250 m von der Oberfläche im zentralen Teil des aktuellen Ressourcengebiets in Gehalten, die mit der Ressourcenschätzung vergleichbar sind.</li> <li>Große Breiten der Mineralisierung werden weiterhin abgefangen (alle gemeldeten Breiten sind wahre Breiten). <ul> <li>12,1 m von 0,31% Co, davon 0,69% Co über 2,4 m</li> <li>15,9 m bei 0,18% Co, einschließlich 0,30% Co über 5,8 m</li> <li>25,3 m von 0,16% Co, davon 0,38% Co über 2,0 m</li> <li>24,7 m von 0,15% Co, davon 0,37% Co über 3,6 m</li> </ul> </li> <li>Mehrere neue Kobalt-Kupfer-Abschnitte treten zwischen den Hauptzonen sowie in der Fußwand und im Hangingwall auf und liefern weitere Hinweise darauf, dass sich die kontinuierliche Mineralisierung entlang anderer Horizonte erstreckt, was einer zukünftigen Ressourcenberechnung zusätzliche Tonnage verleihen könnte.</li> <li>Aktualisierte Mineralressourcenschätzung geplant für den 31. März 2019</li> </ul> <p>Trent Mell, President & Chief Executive Officer, kommentierte dies:</p> <p><em>"Die Ergebnisse der im Dezember abgeschlossenen Bohrkampagne zeigen eine sehr gute Kontinuität und Konsistenz der Mineralisierung. Wie erwartet, sind wir auf Mineralisierungen in der Tiefe und in der Fußwand und im Hangingwall der No Name und Waite Zonen gestoßen. Darüber hinaus treten mineralisierte Abschnitte zwischen den beiden historischen Zonen über eine beträchtliche Breite auf, was auf die Möglichkeit hinweist, dass die beiden Zonen tatsächlich eine einzige, größere Zone sein könnten. Insgesamt wurden 13.000 Meter in Phase zwei der Bohrungen abgeschlossen, und die bisher erhaltenen Assays liefern einen starken Hinweis darauf, dass das Unternehmen eine signifikante Verbesserung gegenüber der ersten Ressourcenschätzung zeigen kann.</em></p> <p><em>First Cobalt ist gut positioniert für eine Erholung im Rohstoffsektor. Wichtige kurzfristige Katalysatoren für die Aktionäre sind ein Update über die erste Kobaltraffinerie, das in Kürze erwartet wird, und die Ressourcenschätzung für Iron Creek, die bis zum 31. März erwartet wird."</em></p> <p>Die heute veröffentlichten Ergebnisse sind aus drei Gründen ermutigend (Abbildung 1). Erstens haben sie die Kobalt-Kupfer-Mineralisierung um ca. 100 m abfallend im zentralen Bereich der abgeleiteten Ressource des Iron Creek Cobalt Project erweitert. Eine historische Ressourcenschätzung von Noranda und anderen interpretierte dieses Gebiet als karg, aber die erste Kobalt-Bohrung deutet etwas anderes an. Ein zweites Ergebnis dieser Ergebnisse ist, dass Infill-Bohrungen eine gute Kontinuität der Mineralisierung im zentralen Teil der Ressource bestätigt haben, sowohl in der Tiefe als auch zwischen den No Name und Waite Zonen. Schließlich deuten neue Schnitte von mineralisierten Horizonten außerhalb der beiden Zonen auf weiteres Tonnagepotenzial über die Grenzen der Erstressourcenschätzung hinaus hin.</p> <p>Die Bohrkampagne der Phase zwei umfasste 43 Löcher und über 13.000 Meter und endete im Dezember 2018. Mit den heute veröffentlichten sieben Löchern wurden insgesamt 21 Löcher gemeldet, weitere 22 sind noch ausstehend. Phase zwei der Bohrungen folgt auf die Veröffentlichung der ersten Ressourcenschätzung im Jahr 2018, die auf 62 Bohrungen und über 15.000 Metern Bohrungen basiert. Die zweite Phase der Bohrungen sollte die Streichlänge der mineralisierten Zone von über 500 Metern auf über 1.000 Meter verlängern und die Erweiterung bekannter Kobalt-Kupfer-Zonen von 150 Metern auf über 300 Meter unter der Oberfläche testen. Eine aktualisierte Ressourcenschätzung wird bis Ende des ersten Quartals 2019 erwartet.</p> <p><strong>Detaillierte Ergebnisse</strong></p> <p>Drei der sieben Oberflächenbohrlöcher testeten die Mineralisierung unterhalb des Stollens #2 (Abbildung 2). Die Ergebnisse zeigen weiterhin, dass sowohl die No Name als auch die Waite Zones bei Noten, die mit der Ressourcenschätzung von 2018 vergleichbar sind, einen Rückgang erfahren. Darüber hinaus stellt die Mineralisierung zwischen den beiden bekannten Zonen von <strong>15,9 m mit einem Gehalt von 0,18 % Co </strong>einschließlich<strong> 5,8 m mit 0,30 % Co</strong> einen zusätzlichen kontinuierlichen Horizont dar. In diesem Bereich ist die Waite-Zone lokal mit höherwertigen Abschnitten verdickt, darunter<strong> 12,1 m mit 0,31 % Co</strong>. In Loch ICS18-14 erstreckt sich ein tiefer Abschnitt der Waite-Zone über eine Mineralisierung von 100 m Tiefe im zentralen Bereich der Ressource. Die Mineralisierung in der Fußwand wird ebenfalls weiterhin durchschnitten, die mit anderen Bohrlöchern entlang des Streichens korreliert werden kann. In der Hangingwall durchschnitt Loch ICS18-11 <strong>2,9 m von 2,44 % Cu</strong>, das mit einer Kupfermineralisierung ähnlichen Grades westlich von Stollen #2 in Verbindung gebracht werden kann.</p> <p>Die anderen vier Löcher wurden ebenfalls von der Oberfläche gebohrt und zielten auf eine Lücke entlang der Streichlänge der No Name Zone, die zuvor aus den historischen Explorationsprogrammen interpretiert wurde. Die heutigen Untersuchungsergebnisse aus diesen vier Bohrlöchern bestätigen die Kontinuität der Kobalt-Kupfer-Grade und deuten darauf hin, dass die Mineralisierung bis in die Tiefe reicht.</p> <p>In allen vier Löchern enthalten breite Zonen mit niedrigeren Kobaltgraden Intervalle von höherwertigem Kobalt, die die Häufigkeit von verstreutem Pyrit widerspiegeln, der als Bänder in den Sedimentgesteinen des Wirts vorkommt. In der Waite-Zone durchschnitt das Loch ICS18-10A einen dicken Abschnitt der Mineralisierung mit einer tatsächlichen Dicke von über 25 m. Innerhalb desselben Lochs wurde zusätzliches Kobalt in der unmittelbaren Fußwand geschnitten, <strong>4,9 m von 0,28 % Co</strong>. Ähnliche Ergebnisse liegen in den meisten Bohrlöchern in diesem Bereich vor, was das Potenzial für eine höhere Tonnage in diesem Bereich widerspiegelt. Das Loch ICS18-19 wurde steil von der Oberfläche gebohrt und durchschnitt Kupfer-Kobalt im unteren Teil des bestehenden Ressourcenmodells, was die Kontinuität der Down-Dip-Erweiterungen der Mineralisierung in der No Name Zone verbessert. Mineralisierte Horizonte zwischen den beiden Zonen treten über beträchtliche Breiten auf, wie sie in ICS18-26 mit <strong>9,0 m von 0,22 % Co</strong>. geschnitten wurden.</p> <p><strong>Iron Creek Projekt</strong></p> <p>First Cobalt kündigte am 26. September 2018 eine abgeleitete Ressourcenschätzung am Iron Creek von 26,9 Millionen Tonnen mit einem Gehalt von 0,11% Kobaltäquivalent (0,08% Co und 0,30% Cu mit 46,2 Millionen Pfund Kobalt und 176,2 Millionen Pfund Kupfer) unter einem Base Case Szenario an. Ein alternatives Szenario mit reinem Untergrund führt zu 4,4 Millionen Tonnen mit einem Gehalt von 0,23% Co und 0,68% Cu (0,30% CoEq) bei einem Cutoff-Untergrundgehalt von 0,18% CoEq und einem Gehalt von 22,3 Millionen Pfund Kobalt und 66,7 Millionen Pfund Kupfer. Die abgeleitete Ressource basiert auf Bohrungen über eine Streichlänge von ca. 500 Metern und eine Eintauchtiefe von über 150 Metern. Die metallurgischen Voruntersuchungen kommen zu dem Schluss, dass einfache Flotationsmethoden anwendbar sind, die bei groberer Flotation eine Ausbeute von 96% für Kobalt und 95% für Kupfer ergeben. Die historische unterirdische Erschließung umfasst 600 Meter Vortrieb in drei Stollen und eine Allwetterstraße, die das Projekt mit einer Bundesstraße verbindet.</p> <p><strong>Qualitätssicherung und Qualitätskontrolle</strong></p> <p>First Cobalt hat ein Qualitätskontrollprogramm implementiert, um den branchenüblichen Best Practices für Probenahme, Chain of Custody und Analysen zu entsprechen. Blanks, Duplikate und Standards werden im Rahmen des QA/QC-Programms an der Kernverarbeitungsstelle eingefügt. Die Proben werden von den American Assay Laboratories (AAL) in Sparks, Nevada, vorbereitet und analysiert. Über 15 % der analysierten Proben sind Kontrollproben, die aus vom Unternehmen eingefügten Kontrollen, Leerzeichen und Duplikaten bestehen, zusätzlich zu den vom Labor eingefügten Kontrollproben. Bohrkernproben werden getrocknet, auf 85 % zerkleinert, auf 85 % zerkleinert, auf 85 % zerkleinert, auf -10 Maschen gesplittet, 250 g Pulpen gespalten, dann in einer geschlossenen Trommelringmühle auf 95 % zerkleinert, -150 mesh passiert, dann durch einen 5-Säureaufschluss für die ICP-Analyse analysiert. Alle Proben haben die QA/QC-Protokolle bestanden.</p> <p><strong>Erklärung der qualifizierten und kompetenten Person</strong></p> <p>Dr. Frank Santaguida, P.Geo., ist die qualifizierte Person im Sinne von National Instrument 43-101, die den Inhalt dieser Pressemitteilung überprüft und genehmigt hat. Dr. Santaguida ist auch eine kompetente Person (wie im JORC Code, Ausgabe 2012 definiert), die praktizierendes Mitglied der Association of Professional Geologists of Ontario ist (als "Recognised Professional Organisation" im Sinne der ASX Listing Rules). Dr. Santaguida ist hauptberuflich als Vice President, Exploration for First Cobalt, tätig. Er verfügt über ausreichende Erfahrung, die für die durchzuführende Tätigkeit relevant ist, um sich als kompetente Person im Sinne des JORC-Codes zu qualifizieren.</p> <p><strong>Über First Cobalt</strong></p> <p>First Cobalt ist ein nordamerikanisches reines Kobalt-Unternehmen, dessen Flaggschiff das Iron Creek Cobalt Project in Idaho, USA, ist, das Mineralressourcen von 26,9 Millionen Tonnen mit einem Gehalt von 0,11% Kobaltäquivalent abgebaut hat. Das Unternehmen besitzt auch die einzige zugelassene Kobaltraffinerie in Nordamerika und 50 ehemalige Minen im kanadischen Kobaltcamp.  </p> <p><strong><em>Vorsichtshinweis zu Ressourcenschätzungen</em></strong></p> <p><em>Die Leser werden darauf hingewiesen, dass Mineralressourcen keine wirtschaftlichen Mineralreserven sind und dass die wirtschaftliche Lebensfähigkeit von Ressourcen, die keine Mineralreserven sind, nicht nachgewiesen wurde. Die Schätzung der mineralischen Ressourcen kann wesentlich von geologischen, ökologischen, zulassungs-, rechtlichen, Titel-, gesellschaftspolitischen, Marketing- oder anderen relevanten Fragen beeinflusst werden. Die Schätzung der Mineralressourcen wird in Übereinstimmung mit den "2014 CIM Definition Standards on Mineral Resources and Mineral Reserves" des Canadian Institute of Mining, Metallurgy and Petroleum klassifiziert, die durch Verweis in NI 43-101 aufgenommen wurden. Nach kanadischen Regeln dürfen Schätzungen von abgeleiteten Mineralressourcen nicht die Grundlage für Machbarkeits- oder Vormachbarkeitsstudien oder Wirtschaftsstudien bilden, mit Ausnahme der vorläufigen wirtschaftlichen Bewertung gemäß NI 43-101. Die Leser werden darauf hingewiesen, nicht davon auszugehen, dass weitere Arbeiten an den genannten Ressourcen zu Mineralreserven führen, die wirtschaftlich abgebaut werden können. Eine abgeleitete Mineralressource im Sinne des Ständigen Ausschusses von CIM ist "der Teil einer Mineralressource, für den Quantität und Qualität oder Qualität auf der Grundlage begrenzter geologischer Nachweise und Probenahmen geschätzt werden. Geologische Beweise reichen aus, um geologische Kontinuität und Güte oder Qualität zu implizieren, aber nicht zu überprüfen. Eine abgeleitete Mineralressource hat ein geringeres Vertrauen als diejenige, die für eine angezeigte Mineralressource gilt, und darf nicht in eine Mineralreserve umgewandelt werden. Es wird vernünftigerweise erwartet, dass die Mehrheit der abgeleiteten Mineralressourcen bei fortgesetzter Exploration in angezeigte Mineralressourcen umgewandelt werden könnte."</em></p> <p><strong><em>Vorsichtshinweis zu zukunftsgerichteten Aussagen</em></strong></p> <p><em>Diese Pressemitteilung kann zukunftsgerichtete Aussagen und zukunftsgerichtete Informationen (zusammen "zukunftsgerichtete Aussagen") im Sinne der geltenden Wertpapiergesetze und des United States Private Securities Litigation Reform Act von 1995 enthalten. Alle Aussagen, mit Ausnahme von Aussagen über historische Fakten, sind zukunftsgerichtete Aussagen. Im Allgemeinen können zukunftsgerichtete Aussagen durch die Verwendung von Terminologie wie "Pläne", "erwartet", "schätzt", "beabsichtigt", "antizipiert", "glaubt" oder Variationen solcher Wörter oder Aussagen, dass bestimmte Handlungen, Ereignisse oder Ergebnisse "möglicherweise", "könnte", "würde", "könnte", "könnte", "könnte", "könnte", "könnte" oder "erreicht werden". Zukunftsgerichtete Aussagen beinhalten Risiken, Unsicherheiten und andere Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse, Leistungen und Chancen wesentlich von denen abweichen, die in solchen zukunftsgerichteten Aussagen impliziert sind. Faktoren, die dazu führen könnten, dass die tatsächlichen Ergebnisse wesentlich von diesen zukunftsgerichteten Aussagen abweichen, sind in der Diskussion und Analyse des Managements und anderen Offenlegungen von Risikofaktoren für First Cobalt dargelegt, die auf SEDAR unter www.sedar.com. veröffentlicht wurden. Obwohl First Cobalt der Ansicht ist, dass die bei der Erstellung der zukunftsgerichteten Aussagen verwendeten Informationen und Annahmen angemessen sind, sollte man sich nicht übermäßig auf diese Aussagen verlassen, die nur zum Zeitpunkt dieser Pressemitteilung gelten, und es kann nicht garantiert werden, dass solche Ereignisse in den angegebenen Zeiträumen oder überhaupt eintreten werden. Sofern nicht gesetzlich vorgeschrieben, lehnt First Cobalt jegliche Absicht oder Verpflichtung ab, zukunftsgerichtete Aussagen zu aktualisieren oder zu überarbeiten, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen.</em></p>

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LAB extends their ENAC accreditation

Being aware of the importance for our clients to work with a trusted partner, offering a wide range of services, we are happy to announce that LAB extends their ENAC accreditation by the the analysis of pesticides by means of UPLC-ms/MS in olive oil and the analysis of metals by ICP-ms in vegetable oils (arsenic, cadmium, copper, chromium, tin, iron, mercury, nickel and lead).

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