Giyani Announces Details for its Annual and Special Meeting of Shareholders and COVID-19 Restrictions – Investing News Network

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Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (the " Company "), developer of the K.Hill battery grade manganese project in Botswana, announces details of its annual and special meeting of shareholders (the " Meeting ").
The Meeting will be held on Thursday June 16, 2022 and is scheduled to commence at 09:00 (EDT) at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1B9. Any attendees will be required to present evidence of full vaccination against COVID-19 in order to gain access to the Meeting.
Shareholders are also invited to register to participate in the Meeting and hear a corporate update from the Company via the online broadcast (link below):
Click here to register for Giyani Metals Annual and Special Meeting of Shareholders
About Giyani
Giyani is a mineral resource company focused on becoming one of Africa's first low-carbon producers of high-purity manganese sulphate precursor materials directly from manganese oxide ore, used by battery manufacturers for the expanding EV market, through the advancement of its manganese assets in the Kanye Basin in south-eastern Botswana, (the " Kanye Basin Prospects ") through its wholly-owned Botswana subsidiary Menzi Battery Metals (Pty) Limited. The Company's Kanye Basin Prospects consist of 10 prospecting licences and include the past producing Kgwakgwe Hill mine and project, referred to as the K.Hill Battery Manganese Project, the Otse manganese prospect and the Lobatse manganese prospect, both of which have seen historical mining activities.
The Company is currently undertaking a feasibility study on the K.Hill Battery Manganese Project, following an updated preliminary assessment report announced on April 12, 2021, with a post-tax NPV of USD332 million and post-tax IRR of 80%, based on a development plan to produce around 891,000 tonnes of HPMSM over a 10 year project life. An updated 43-101 technical report on the K.Hill Battery Manganese Project is available on www.sedar.com and on the Company's website at www.giyanimetals.com.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Robin Birchall CEO, Director
+44 7711 313019
rbirchall@giyanimetals.com
George Donne
VP Business Development
+44 7866 591 897
gdonne@giyanimetals.com
Judith Webster
Corporate Secretary
+1 416 453 8818
jwebster@giyanimetals.com
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons.

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Giyani Metals (TSXV:EMM) is focused on the development of its three manganese projects in the Kanye Basin of Botswana, Africa. The company’s flagship K.Hill project is a near-surface deposit currently going through a feasibility study to produce, on-site, both high-purity electrolytic manganese metal and manganese sulfate, key cathode ingredients for batteries in the expanding electric vehicle (EV) market.
CEO Robin Birchall said via telephone, “We’re going to be one of the lowest-cost, lowest-carbon footprint and lowest-CAPEX manganese producers supplying the rapidly expanding battery electric vehicle market.”

The Preliminary Economic Assessment, last updated in April 2020, boasted a low CAPEX with attractive NPV and IRR. The feasibility study is expected to be completed in H1 2021. Management believes there is scope for improving on these already impressive economics when the feasibility study is released.
The K.Hill project site is situated on the Trans-Kalahari highway—the only sealed road that runs from the west to the east coast of Africa. The site is served by all necessary infrastructure within 10 kilometers, including sealed roads, a substation, water and a 45,000-inhabitant town.
Whilst there is optionality for the route to market in neighboring Namibia, Mozambique and South Africa, it is most likely that product will be hauled by road to Johannesburg and then railed to the Port of Durban, the largest and busiest port in sub-Saharan Africa.
Botswana is a minerally rich and diverse country. Since its independence in the 1960s, the country has developed a well-established mining industry. It is probably best known for its Debswana diamond mining operations (50/50 joint venture between De Beers and the Government of Botswana), which are some of the richest diamond mines in the world. As a result, the country’s workforce is well educated and there is little in the way of corruption. Botswana is also the only African country with an investment-grade rating, which is why it is often nicknamed the Switzerland of Africa.
As the cost of manufacturing electric vehicles continues to fall, their market share is projected to increase. UK Research firm Rho Motion forecast that almost a third of new vehicles by 2030 will be electric.
According to Benchmark Mineral Intelligence, the cost to produce an NCM battery is around the US$100/kWh mark. This is the threshold where many analysts believe the EV is on par with the cost of a conventional internal combustion engine vehicle and therefore an inflection point for demand.
Batteries with a Nickel Manganese Cobalt Oxide (NCM) cathode chemistry currently occupy circa 45 percent of the battery market for EVs. This is expected to increase to almost 80 percent within a decade, according to Benchmark Mineral Intelligence.
At its Battery Day on September 22, 2020, Tesla (NASDAQ:TSLA) announced that the cathode chemistry for their intermediate-range vehicles and non-industrial stationary storage units will contain one-third (33 percent) manganese. This was the first time Tesla referred to the manganese content in its battery chemistries. This is over three times the manganese contained in an NCM 811 cell, which UK research firm Benchmark Mineral Intelligence anticipates will be one of the market-leading cathode chemistries by 2030. Expectations for Tesla’s future market share are also high. Elon Musk, co-founder and CEO of Tesla, stated, “longer-term, we want to replace at least 1 percent of the total vehicle fleet on earth … which is about 20 million vehicles a year.”
According to Benchmark Mineral Intelligence, 93 percent of the high purity manganese used in batteries is produced in China. The remaining comes from three producers in Japan, South Africa and Belgium. None of these facilities owns their own ore and as a result, they must transport it from multiple sources thousands of kilometers away. Giyani not only has the strategic advantage of being a non-Chinese source of manganese, it has its own ore source adjacent to the processing plant.
It would be unthinkable for an electric car maker, especially those European and North American brands, to build an electric vehicle with a greater carbon footprint than that of its conventional internal combustion engine vehicle counterpart. Therefore, every gram of carbon used in electric vehicle production is counted. Currently, circa 40 percent of the carbon footprint of an electric vehicle is associated with the battery, the largest component by far. In order to bring this figure down, a major part will be on the sustainable sourcing of the cathode’s raw materials.
Botswana has only approximately 40 days of rainfall per year, meaning its sun index is very high, which makes it a great location for solar power. Giyani is currently investigating ways of harboring the solar energy to power its K.Hill operation.
Giyani’s board and management have a strong track record of project delivery and have the experience to bring this project into production.
Not for distribution to U.S. newswire services or for dissemination in the United States
Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (" Giyani " or the " Company "), developer of the K.Hill battery grade manganese project in Botswana (" K.Hill Battery Manganese Project " or " K.Hill "), is pleased to announce the completion of sample assaying from its Otse manganese oxide prospect (" Otse "), following its 2021 initial exploration program.
Highlights
In December 2021, the Company completed its initial exploration drilling campaign at Otse, focused on the site of historical workings based on excellent correlation between northwest-southeast trending chargeability anomalies and manganese mineralization.
A total of 5,126 samples were submitted to SGS for assay and notable results include:
Note: Assays of major element oxides by X-Ray Fluorescence using borate fusion.
All drilling data and assay results will be submitted to SRK for estimation of a maiden resource for Otse. Giyani currently anticipates that a Mineral Resource Estimate will be completed by Q4 2022.
Otse is located approximately 50 kilometres east of the K.Hill Battery Manganese Project and lies only two kilometres from the A1 highway between Gaborone and the border with South Africa. Giyani is developing K.Hill to be a responsible, low carbon and sustainable producer of high-purity manganese sulphate monohydrate (" HPMSM "), a critical raw material for the electric vehicle (" EV ") market.
Ore mined from Otse should be easily transportable to the envisaged site of the processing plant at the K.Hill Battery Manganese Project and the Company is assessing the potential for high-grade Otse material to be blended with K.Hill ore to increase operational and economic efficiency.
Robin Birchall, CEO of the Company, commented:
"In the context of manganese projects being developed for HPMSM production by any listed company, Otse is showing its potential to be a class apart. To achieve multiple holes showing grades of over 30% MnO across widths greater than 10 m strengthens the prospect's promise to have an even higher average grade than K.Hill and we look forward to its maiden Mineral Resource Estimate later this year.
Through these initial results, Otse has shown the potential to strengthen further our strategy of becoming a major producer of sustainable HPMSM for the EV market. Sweetening the feedstock for the K.Hill Battery Manganese Project with high-grade Otse material could significantly enhance HPMSM production per tonne of ore and lower cash operating costs, thereby increasing profitability. Over the coming months, we will be undertaking mineralogical and metallurgical testwork to confirm ore characteristics and how best to integrate Otse into our development plans."
About Giyani
Giyani is a mineral resource company focused on becoming one of Africa's first low-carbon producers of high-purity manganese sulphate precursor materials directly from manganese oxide ore, used by battery manufacturers for the expanding EV market, through the advancement of its manganese assets in the Kanye Basin in south-eastern Botswana, (the " Kanye Basin Prospects ") through its wholly-owned Botswana subsidiary Menzi Battery Metals (Pty) Limited. The Company's Kanye Basin Prospects consist of 10 prospecting licences and include the past producing Kgwakgwe Hill mine and project, referred to as the K.Hill Battery Manganese Project, the Otse manganese prospect and the Lobatse manganese prospect, both of which have seen historical mining activities.
The Company is currently undertaking a feasibility study on the K.Hill Battery Manganese Project, following an updated preliminary assessment report announced on April 12, 2021, with a post-tax NPV of USD332 million and post-tax IRR of 80%, based on a development plan to produce around 891,000 tonnes of HPMSM over a 10 year project life. An updated 43-101 technical report on the K.Hill Battery Manganese Project is available on www.sedar.com and on the Company's website at www.giyanimetals.com.
Qualified Persons / NI 43-101 Disclosures
Mr. Luhann Theron, MSc., Pr.Sci.Nat. 400184/15, of Lambda Tau is registered with the SACNASP. Mr. Theron is currently at site and is a qualified person, as defined by National Instrument 43-101. Mr. Theron is the Chief Geologist for the Company and has reviewed and approved the scientific and technical content contained in this press release but is not independent for the purposes of NI 43-101.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Robin Birchall CEO, Director
+44 7711 313019
rbirchall@giyanimetals.com
George Donne
VP Business Development
+44 7866 591 897
gdonne@giyanimetals.com
Judith Webster
Corporate Secretary
+1 416 453 8818
jwebster@giyanimetals.com
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and forward-looking information herein includes completion of receipt of TSXV approval for the private placement and completion of the private placement.
All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of Inferred Mineral Resources in economic estimation; risks in how the world-wide economic and social impact of COVID-19 is managed; risks related to governmental regulations; risks related to obtaining necessary licences and permits; risks related to the Company's business being subject to environmental laws and regulations; risks related to the Company's mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which the Company is a party; ability to recruit and retain qualified personnel; and risks related to the Company's directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.
Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of the Company's respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's latest Annual Information Form, which is filed on SEDAR at www.sedar.com .

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Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (" Giyani " or the " Company "), developer of the K.Hill manganese oxide project (" K.Hill Project" ) in Botswana, is pleased to announce the completion of reverse circulation (" RC ") infill drilling program at the recently discovered southerly extension (" K.Hill Extension ") and provide an update on corporate activities.
Highlights
K.Hill Extension Infill Drilling
The infill RC drilling program at K.Hill Extension, which commenced in February 2022, has been completed. A total of 4,561m have been drilled across 54 holes (including three re-drills) on an approximate 75 x 75m grid spacing to determine the correlation between the southern mineralized horizons and the northern resource horizons to establish continuity in order to convert the majority of Inferred Resources in the K.Hill Extension to Indicated Resources.
The drilling program also extended along strike into a previously untested section to the south of the identified zones and confirmed the presence of further mineralization and the potential to add tonnage to the existing resource. An additional 19 holes were planned for this section, eleven of which have already been completed for 730m, two are in progress and the remaining six will be drilled in the coming weeks.
A further ten diamond drill holes across the K. Hill Extension area will be drilled at pre-selected locations. The diamond drill holes will be drilled as twin holes to certain RC holes and will be used to confirm the results from the RC campaign as well as for geotechnical, geochemical and metallurgical studies.
Assaying will shortly commence for the RC drill collars and once the the full set of drill holes has been assayed the results will be sent to SRK Consulting for updated resource estimation and, thereafter, the Company would anticipate the completion of an updated Mineral Resource Estimate for the K.Hill Project.
Appointment of VP Technical Services
As the Company seeks to develop its specialist technical expertise, it has appointed Mr. Jacques du Toit as VP Technical Services. Mr du Toit was formerly Tetra Tech's project manager for the K.Hill Project and has elected to join the Giyani team as the Company finalises the feasibility study for the K.Hill Project, currently scheduled for release in Q3 2022.
Mr du Toit is a professional project manager and engineer and has over 20 years' experience in mining project development worldwide. He has previously worked for Bateman Engineering, BHP Billiton Limited, Paterson and Cooke and Tetra Tech and has joined the Company as a member of the senior management team effective June 1, 2022.
Site Visit to K.Hill Project
Earlier this month, the Company attended the Cape Town Mining Indaba and was invited to a special audience with the President of Botswana, His Excellency Mokgweetsi Masisi. The President drew attention to the K.Hill Project and Giyani's plan to produce a critical battery material in country.
Giyani then hosted a visit to the K.Hill Project for a number of financial institutions and a major European battery manufacturer. The visit was also attended by the Honourable Dr. Lemogang Kwape, the MP for Kanye South and Minister of International Affairs and Cooperation, who spoke of the strong local support for Giyani and the K.Hill Project.
Robin Birchall, CEO of the Company, commented:
"The K.Hill orebody continues to deliver excellent results and we are very pleased not only to complete the infill portion of our RC drill program within budget but to confirm that the mineralization continues to the south. In a little over a year, our exploration successes have upgraded a 1.7Mt Inferred Resource for the K.Hill Project into 2.1Mt of Indicated and 3.1Mt of Inferred Resources and we are expectant that the results of this infill program will increase the Indicated Resource further.
Giyani's core objective is to be a responsible low carbon and sustainable producer of high purity manganese sulphate monohydrate (" HPMSM ") and play a key role in the future of the electric vehicle market and so we were delighted to have recently hosted a major European battery manufacturer on a site visit to our K.Hill Project and tour of local infrastructure. A highlight of the tour was the visit of Minister Kwape, who stressed the importance of the project to the local region and his support for Giyani, which followed a very positive meeting with His Excellency President Masisi in Cape Town. Greater exposure to critical minerals and more local, high-value beneficiation are key themes of the President's mining policy and so Giyani is setting an example of how Botswana can achieve both.
Meanwhile Jacques' appointment as VP Technical Services is the latest in a number of new additions to our team in recent months, but holds a special significance. Having worked on the K.Hill Project for almost three years on behalf of Tetra Tech, his decision to join our in-house team is a major endorsement of Giyani's achievements and his years of mining project delivery experience will be invaluable as we exit the study phase and move towards construction."
About Giyani
Giyani is a mineral resource company focused on becoming one of Africa's first low-carbon producers of high-purity manganese sulphate precursor materials directly from manganese oxide ore, used by battery manufacturers for the expanding EV market, through the advancement of its manganese assets in the Kanye Basin in south-eastern Botswana, (the " Kanye Basin Prospects ") through its wholly-owned Botswana subsidiary Menzi Battery Metals (Pty) Limited. The Company's Kanye Basin Prospects consist of 10 prospecting licences and include the past producing Kgwakgwe Hill mine and project, referred to as the K.Hill Project, the Otse manganese prospect and the Lobatse manganese prospect, both of which have seen historical mining activities.
The Company is currently undertaking a feasibility study on the K.Hill Project, following an updated preliminary assessment report announced on April 12, 2021, with a post-tax NPV of USD332 million and post-tax IRR of 80%, based on a development plan to produce around 891,000 tonnes of HPMSM over a 10 year project life. An updated 43-101 technical report on the K.Hill Project is available on www.sedar.com and on the Company's website at www.giyanimetals.com.
Qualified Persons / NI 43-101 Disclosures
Mr. Luhann Theron, MSc., Pr.Sci.Nat. 400184/15, of Lambda Tau is registered with the SACNASP. Mr. Theron is currently at site and is a qualified person, as defined by National Instrument 43-101. Mr. Theron is the Chief Geologist for the Company and has reviewed and approved the scientific and technical content contained in this press release but is not independent for the purposes of NI 43-101.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Robin Birchall CEO, Director
+44 7711 313019
rbirchall@giyanimetals.com
George Donne
VP Business Development
+44 7866 591 897
gdonne@giyanimetals.com
Judith Webster
Corporate Secretary
+1 416 453 8818
jwebster@giyanimetals.com
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and forward-looking information herein includes completion of receipt of TSXV approval for the private placement and completion of the private placement.
All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of Inferred Mineral Resources in economic estimation; risks in how the world-wide economic and social impact of COVID-19 is managed; risks related to governmental regulations; risks related to obtaining necessary licences and permits; risks related to the Company's business being subject to environmental laws and regulations; risks related to the Company's mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which the Company is a party; ability to recruit and retain qualified personnel; and risks related to the Company's directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.
Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of the Company's respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's latest Annual Information Form, which is filed on SEDAR at www.sedar.com .

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Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (" Giyani " or the " Company "), developer of the K.Hill manganese oxide project (" K.Hill Project" ) in Botswana, is pleased to announce handover of the process flowsheet for the K.Hill Project.
Highlights
In January 2021, the Company appointed Tetra Tech to develop the process flowsheet to produce HPMSM directly from Giyani's manganese oxide ore as part of the feasibility study on the K.Hill Project (" FS ") and to be used in the concept design of the Demo Plant. Having overseen the metallurgical testwork program and process flowsheet development, Tetra Tech has completed the process flowsheet and submitted it to the Company and the Engineering Firm.
Following a detailed review of technical parameters and design objectives, the Engineering Firm has confirmed acceptance of the process flowsheet as the basis for the engineering of the Demo Plant, which is anticipated to be capable of producing approximately 600kg per day of HPMSM crystals, used in the manufacturing of lithium-ion battery (" LiB ") cathodes. The Company has already placed an order for one crystalliser unit of the Demo Plant and, following formal engagement, the Engineering Firm will commence construction.
The Demo Plant will provide material to potential customers for quality testing, with the first shipments expected in 2023. The final HPMSM product will have a target quality specification developed from discussions with a number of the world's largest battery makers and electric vehicle (" EV ") companies. As the Company advances towards first production from the Demo Plant, it has continued its discussions with various EV and LiB manufacturers as well as strategic international marketing groups with regard to future offtake and potential financing options.
Robin Birchall, CEO of the Company, commented:
"It has taken meticulous work to get to this stage and it is very pleasing to announce another significant milestone in our journey to becoming a responsible, sustainable and low-carbon producer of HPMSM, a critical material to the EV transition.
The flowsheet is the heart of our K.Hill Project and successful handover of the design by our specialist engineers means both the FS and the Demo Plant have taken another major step towards completion. We have set ourselves the goal of producing HPMSM of the highest possible quality with the lowest possible carbon footprint and this is reflected in the design which we have developed, but we will continue to look to improve our process as we move towards the production phase.
Meanwhile, the list of LiB manufacturers and EV companies evaluating our project continues to grow. The K.Hill Project is one of the very few new HPMSM projects in development globally and offers buyers on all continents the rare opportunity to secure their cathode material supply chain with a responsible source with the added advantage of diversifying from China as the current dominant producer."
About Giyani
Giyani is a mineral resource company focused on becoming one of Africa's first low-carbon producers of high-purity manganese sulphate precursor materials directly from manganese oxide ore, used by battery manufacturers for the expanding EV market, through the advancement of its manganese assets in the Kanye Basin in south-eastern Botswana, (the " Kanye Basin Prospects ") through its wholly-owned Botswana subsidiary Menzi Battery Metals (Pty) Limited. The Company's Kanye Basin Prospects consist of 10 prospecting licences and include the past producing Kgwakgwe Hill mine and project, referred to as the K.Hill Project, the Otse manganese prospect and the Lobatse manganese prospect, both of which have seen historical mining activities.
The Company is currently undertaking a feasibility study on the K.Hill Project, following an updated preliminary assessment report announced on April 12, 2021, with a post-tax NPV of USD332 million and post-tax IRR of 80%, based on a development plan to produce around 891,000 tonnes of HPMSM over a 10 year project life. An updated 43-101 technical report on the K.Hill Project is available on www.sedar.com and on the Company's website at www.giyanimetals.com.
Qualified Persons / NI 43-101 Disclosures
EUR ING Andrew Carter BSc, CEng, MIMMM, MSAIMM, SME Technical Director Coffey Geotechnics Ltd – a Tetra Tech Inc. company, is a Qualified Person under National Instrument 43-101 and has reviewed and approved the scientific and technical information in this press release.
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates employed, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. For more information about Tetra Tech, please visit www.tetratech.com
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Robin Birchall CEO, Director
+44 7711 313019
rbirchall@giyanimetals.com
George Donne
VP Business Development
+44 7866 591 897
gdonne@giyanimetals.com
Judith Webster
Corporate Secretary
+1 416 453 8818
jwebster@giyanimetals.com
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and forward-looking information herein includes completion of receipt of TSXV approval for the private placement and completion of the private placement.
All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks in how the world-wide economic and social impact of COVID-19 is managed; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.
Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's Annual Information Form, all of which are filed on SEDAR at www.sedar.com .

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Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (" Giyani " or the " Company "), developer of the K.Hill manganese oxide project (" K.Hill Project" ) in Botswana, announces granting of stock options (each an " Option ") under its existing Stock Option Plan.
The Company has granted an aggregate of 475,000 Options to certain officers and employees of the Company (" Optionee(s) ") in accordance with the Company's current Stock Option Plan. Each Option is exercisable into one common share (a " Share ") of the Company at a price of CAD0.33 per Share for a period of five years from the date of grant, being today. Vesting provisions are as follows:
About Giyani
Giyani is a mineral resource company focused on becoming one of Africa's first low-carbon producers of high-purity manganese sulphate precursor materials, used by battery manufacturers for the expanding electric vehicle market, through the advancement of its manganese assets in the Kanye Basin in south-eastern Botswana, (the " Kanye Basin Prospects ") through its wholly-owned Botswana subsidiary Menzi Battery Metals (Pty) Ltd. The Company's Kanye Basin Prospects consist of 10 prospecting licences and include the past producing Kgwakgwe Hill mine and project, referred to as the K.Hill Project, the Otse manganese prospect and the Lobatse manganese prospect, both of which have seen historical mining activities.
The Company is currently undertaking a feasibility study on the K.Hill Project, following an updated preliminary assessment report announced on April 12, 2021 with a post-tax NPV of USD332 million and post-tax IRR of 80%, based on a development plan to produce around 891,000 tonnes of HPMSM over a 10 year project life.
Additional information and corporate documents may be found on www.sedar.com and on Giyani Metals Corp. website at https://giyanimetals.com/ .
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Robin Birchall CEO, Director
+44 7711 313019
rbirchall@giyanimetals.com
George Donne
VP Business Development
+44 7866 591 897
gdonne@giyanimetals.com
Judith Webster
Corporate Secretary
+1 416 453 8818
jwebster@giyanimetals.com
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and forward-looking information herein includes completion of receipt of TSXV approval for the private placement and completion of the private placement.
All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks in how the world-wide economic and social impact of COVID-19 is managed; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.
Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's Annual Information Form, all of which are filed on SEDAR at www.sedar.com .
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Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (" Giyani " or the " Company "), developer of the K.Hill manganese oxide project (" K.Hill Project" ) in Botswana, is pleased to announce progress on its demonstration plant (" Demo Plant ") and feasibility study (" FS ") for the K.Hill Project, and on exploration and corporate activities.
Highlights
Demo Plant and FS Update
With the design of the process flowsheet under final review, the Company has placed an order for one crystalliser unit of the Demo Plant. The crystalliser unit is the largest and longest lead item of the Demo Plant and delivery of the unit is currently scheduled for Q4 2022. Construction and commissioning of the Demo Plant will be undertaken in South Africa before it will be transported to the K.Hill Project site in Botswana. First shipment of product samples to potential customers is now anticipated in 2023.
The Demo Plant development has three key objectives: to demonstrate that the HPMSM product specifications can be achieved based on the process flowsheet developed for the K.Hill Project; to provide product samples to potential buyers for their supply chain testing and product qualification process; and to de-risk the commercial plant development by using the Demo Plant for optimisation of the ongoing process engineering work and as a training facility.
By focusing on achievement of the highest possible HPMSM product specifications, Giyani can establish itself as a premium supplier to the growing battery market. Once commissioned, the Demo Plant will be capable of producing approximately 600kg per day of HPMSM crystals for delivery to potential customers for product testing.
The Company now has the confidence in the metallurgical testwork completed to date and the stage of development of the process flowsheet, to allow its engineering consultants to be able to move towards completion and publication of the FS. The confirmation of plant design will allow project parameters to be settled, including operating and capital expenditure, and the Company is optimistic that the FS can be released in Q3 2022.
K.Hill Extension
To date, 18 RC drill holes have been completed as part of the infill drilling program at K.Hill Extension for a total of 1,690 m. The total program is expected to be approximately 55 RC drill holes and 10 diamond drill core holes for a total of approximately 7,150 m of drilling.
The objective of the program is to determine the correlation between the southern mineralized horizons and the northern resource horizons and to convert the majority of Inferred Resources in the K.Hill Extension to Indicated Resources. These Indicated Resources could be incorporated into an optimised mine development plan for the K.Hill Project.
Appointment of VP Project Development & Construction and Country Manager, Botswana
As the Company is already planning the construction phase for the K.Hill Project, it has appointed Mr. Dirk Geerligs as VP Project Development & Construction. Mr Geerligs is a civil engineer and has over 20 years' experience in construction and project delivery of mining and industrial projects globally. He has been a consultant to Giyani since May 2021 and will join the Company on a full-time basis effective April 4, 2022.
As the Company expands its footprint in Botswana it has taken the opportunity to appoint a full time country manager to direct its activities and expanding employee base in country. Elisa Davis, a Botswana national and a geology graduate from University of Leicester in the United Kingdom, with mining and operational experience both nationally and internationally, will join the Company on a full-time basis effective April 19, 2022.
Robin Birchall, CEO of the Company, commented:
"Thanks to the tireless efforts of our technical team and project consultants, our work on the process flowsheet is nearly complete and so we can move ahead at pace with both the Demo Plant and the FS. The Company is currently working with multiple potential buyers, who have expressed a desire to receive samples as soon as available and our confidence in the metallurgical testwork to date is such that we have made a commitment to construction of the Demo Plant prior to final flowsheet review.
With the plant design at finalization, we are able to complete the last outstanding technical and economic components of the FS. It has been a meticulous process, demonstrating the high barriers to entry that exist to producing a high purity battery-grade chemical from manganese ore, but we are fully focused on completion and release of the study as soon as possible. In parallel, our work on the ground is aiming to grow the project through further delineation of both K.Hill Extension and our Otse prospect.
As we move towards breaking ground on the K.Hill Project, we are delighted to bring Dirk and Elisa into the Giyani management team. Dirk has been a consultant for Giyani for some time, but his skills have become essential as we advance towards engineering, permitting and construction. Elisa's expertise will enhance the Company's in-country capabilities as it continues to engage with state and local government, agencies and other stakeholders to permit and construct a mine at K.Hill."
About Giyani
Giyani is a mineral resource company focused on becoming one of Africa's first low-carbon producers of high-purity manganese sulphate precursor materials, used by battery manufacturers for the expanding electric vehicle market, through the advancement of its manganese assets in the Kanye Basin in south-eastern Botswana, (the " Kanye Basin Prospects ") through its wholly-owned Botswana subsidiary Menzi Battery (Pty) Limited. The Company's Kanye Basin Prospects consist of 10 prospecting licenses and include the past producing Kgwakgwe Hill mine and project, referred to as the K.Hill Project, the Otse manganese prospect and the Lobatse manganese prospect, both of which have seen historical mining activities.
The Company is currently undertaking a feasibility study on the K.Hill Project, following an updated preliminary assessment report announced on April 12, 2021 with a post-tax NPV of USD332 million and post-tax IRR of 80%, based on a development plan to produce around 891,000 tonnes of HPMSM over a 10 year project life.
The Company will publish its year end 2021 audited Financial Statements, 2021 Annual Information Form and updated 43-101 Technical Report on www.sedar.com during the course of this week. Additional information and corporate documents may be found on www.sedar.com and on Giyani Metals Corp. website at https://giyanimetals.com/ .
Qualified Persons / NI 43-101 Disclosures
Mr. Luhann Theron, MSc., Pr.Sci.Nat. 400184/15, of Lambda Tau is registered with the SACNASP. Mr. Theron is currently at site and is a qualified person, as defined by National Instrument 43-101. Mr. Theron is the Chief Geologist for the Company and has reviewed and approved the scientific and technical content contained in this press release but is not independent for the purposes of NI 43-101.
About Lambda Tau
Lambda Tau Botswana is a locally based geological services and exploration consulting services provider, offering services across Southern Africa. For more information visit https://www.lambdatau.co.za .
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Robin Birchall CEO, Director
+44 7711 313019
rbirchall@giyanimetals.com
George Donne
VP Business Development
+44 7866 591 897
gdonne@giyanimetals.com
Judith Webster
Corporate Secretary
+1 416 453 8818
jwebster@giyanimetals.com
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and forward-looking information herein includes completion of receipt of TSXV approval for the private placement and completion of the private placement.
All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks in how the world-wide economic and social impact of COVID-19 is managed; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.
Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's Annual Information Form, all of which are filed on SEDAR at www.sedar.com .
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Nevada Silver Corporation ("NSC" or the "Company") (TSXV: NSC) (OTCQB: NVDSF) is pleased to announce that it has received results and evaluation of the recently completed Induced Polarization (IP) and Resistivity survey at the Company's 100% owned Belmont Silver Project in Nevada, USA
This survey is the first significant exploration to be undertaken at the Belmont Silver Project in over a century and has identified a large "elephant"-shaped anomalywith multiple untested targets of potential sulphide mineralization that will be drill-tested in the coming weeks (Figure 1).
Figure 1. Three-dimensional diagram of the Belmont ‘elephant-shaped' resistivity anomaly. Targets (white arrows) are interpreted as high sulphide targets within pervasive silicification.
The pole-dipole IP/Resistivity geophysical survey was completed across the abandoned Belmont silver mining camp, located 15 kilometers south of the Company's Corcoran Silver-Gold deposit and 72 kilometers northeast of Tonopah in central Nevada. The survey was undertaken to identify drill targets in zones of alteration, quartz veins/silicification and sulphides associated with silver mineralization beneath and along-trend from the historic silver mines (Figure 2). A number of extremely interesting resistivity and IP responses that indicate sulphide-rich drill targets have been identified for drill testing.
The study defined both IP responses and zones of high resistivity which appear to be due to both stratigraphic and structurally controlled features. The strongest IP responses are associated with carbonaceous sediments and graphite along crosscutting structures, and many are interpreted to be structurally controlled alteration features that have been identified at surface during recent detailed surface mapping. Associated resistivity highs are related to vein-filled structures and pervasive silicified/pyritic zones that include both vertical and flat-lying structures as well as lithology contacts.
Figure 2. IP/resistivity lines plotted on topography and elevation. The lines are labeled IP LINE 1 through IP LINE 7 from north to south respectively. Locations of historic pits and old mine openings are shown as well as access tracks. Yellow stars identify NSC's top priority drill targets.
Twenty-four resistivity targets and related chargeability anomalies all indicate sulphide-rich accumulations in the vicinity of veins and from these six high priority targets have been selected for initial drill testing (Figure 2)
NSC's CEO Gary Lewis commented:
"The geophysical results show a monster untested anomaly located beneath, and along trend from, high-grade, shallow silver deposits mined during the late 1800s. Nevada Silver has identified very exciting drill targets in what appears to be sulphide-rich mineralization with possible high-silver content."
"With little-to-no exploration in more than a century, NSC is looking forward to drill testing these outstanding targets in coming weeks and has secured drill hole permitting and a drill rig for the work."
"Fresh discoveries of silver, favorably located close to NSC's Corcoran Silver-Gold Project will be a huge benefit to future development opportunities of both projects."
Target Selection
Section data was prepared for each line traverse and Figure 3 (chargeability) and Figure 4 (resistivity) illustrate processed data sections for the northern line (IP LINE 1) which trends along 4270500N (Figure 2). Notably, there are similar and important drill targets on all seven of the traverses.
The high chargeability responses in Figure 3 are coincident with high-resistivity features in Figure 4 and indicate the occurrence of significant sulphide at targets T1, T2, T3, and T4. Similar sulphide targets have been located on all of the lines.
Twenty-four (24) targets have been selected as zones of high-resistivity with coincident or adjacent high-chargeability (interpreted to be sulphide-enriched) and five significant IP targets were also identified. NSC has prioritized these targets based on detailed surface mapping and has initially chosen six for drill testing in July (Figure 2).
Figure 3. The 2D inversion tilt filter of chargeability for Line IP-1. The black, dashed curve is the level of oxidation or a lithology boundary associated with the top of large IP responses. Orange-red colours indicate higher IP responses.
Figure 4. The 2D resistivity tilt filter section for Line IP-1. T1 and T2 are vertical-vein/silicified structures spreading into a joined, horizontal silicified layer. T3 is a vertical vein warped by structural movement with interpreted space opening at the bend. T4 is a vertical-vein/silicified zone.
The Belmont Mining District
The Belmont Silver Project covers the majority of old silver workings of the Belmont Silver mining camp near the historic Belmont ‘ghost' town (Figures 5 and 6).
Belmont is among the earliest and richest silver mining camps in the Tonopah district with an estimated ore head-grade averaging 25 ounces per ton of silver. Historical accounts describe numerous prospect pits and mine openings of shallow, underground workings with the richest ore above the water table where silver occurred mostly as silver chloride (cerargyrite). Silver-bearing sulphides together with copper, molybdenum, lead, zinc, and antimony minerals were reported at depth.
During the camp's silver-mining heyday between 1865 and 1889 Belmont's population was about 10,000 and the town was the seat of Nye County government. Two main vein systems were mined. The eastern veins (Highbridge and Transylvania ledges) were hosted in slate and limestone and dip easterly at 40-50 degrees. High-grade mineralization was reported adjacent to hanging walls of massive quartz veins and was generally conformable with strata of Ordovician shale, quartzite, and limestone. There appears to have been negligible exploration during recent decades despite high-grade silver samples (up to 5,000 g/t silver) collected from remnant dumps during a surface geochemical study by the US Geological Survey in 1985.
Figure 5. Location map of Nevada Silver's Belmont Silver, North Belmont Silver and Corcoran Canyon Silver-Gold Deposit.
Figure 6. View to the northeast across the Belmont Silver Project towards Corcoran. The Belmont survey area is in the middle distance to the left.
Survey Specifications
The seven lines of pole-dipole IP/resistivity survey were completed by Rock Bottom Geophysics (RBG) during April and May 2022. A 50-meter a-spacing was used and n-spacing's of one through ten were recorded. The line direction of 90/270 was based on geologic trend and lines are spaced at 200-meter intervals (Figure 2).
RBG provided the data as ascii station location (XYZ), Elrec Pro (bin), Pseudo-sections (N level and Topo base) and as 2D Inversion Models (including XYZ ) files. The data was forwarded to Thomas V Weis and Associates Inc. for reprocessing of inversion sections to enhance subtler IP and resistivity inversion responses. A number of filters were evaluated but the ‘Tilt Angle Filter' was selected as the most useful and geophysical exploration targets were identified from section plots by Tom Weis.
A series of plan map elevation slices were extracted from the inversion model to show IP and resistivity data distribution in a horizontal spatial sense and both 2D IP and resistivity sections of all seven lines were prepared.
Patented Claims at the Belmont Silver Project
Further to the press release of March 24, 2022, the Company wishes to advise that Summa, LLC ("Summa") and the Company have agreed to amend the option and purchase agreement dated February 11, 2022 (the "Agreement") to remove the option of Summa to accept common shares of the Company in lieu of cash payments on the second through fourth anniversary dates of the Agreement. The Company has now issued 118,750 common shares to Summa. As a result, no further common shares are issuable to Summa under the Agreement. All other terms and conditions of the Agreement remain in force and effect, unamended.
Qualified Person
The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Nevada Silver Corporation
Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.
For further information please contact:
Nevada Silver Corporation
Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
gl@nevadasilvercorp.com
CHF Capital Markets
Perry Rapagna
Manager, Corporate Development & Senior Account Manager
T: +1 (416) 868 1079 ext. 230
perry@chfir.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.
Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
SOURCE:Nevada Silver Corporation
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Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to provide an update on the progress of the ongoing Feasibility Study for the Company's Clayton Valley Lithium Project, in Nevada, USA . The Feasibility Study is under the direction of Wood PLC ("Wood") and Global Resource Engineering ("GRE") and all related work is proceeding well, and it remains on track for completion in late 2022.
Cypress Development Progress on Feasibility Study (CNW Group/Cypress Development Corp.)
Wood personnel conducted on-site visits in supervising the collection of geotechnical data for the foundation design of the Company's processing plant site and tailings storage facility. The samples collected for Wood's geotechnical program were shipped to materials testing laboratories, and additional on-site work is planned in the next month.
GRE personnel conducted site visits in preparation to work on the Project's resources and reserves. GRE personnel supervised the collection of a suite of large-diameter core samples for assay and geotechnical testing, which will provide further information for GRE's work on the mine design.
Testing continues at Cypress' Pilot Plant in Amargosa Valley , 100 miles southeast of the Clayton Valley Lithium Project site. The Pilot Plant is now working in its 12 th cycle of continuous 24-hr per day testing. The tests are ongoing to examine efficiencies in processing, testing various configurations in equipment and operating conditions, and the plant continues to produce concentrated lithium solutions for use in downstream product testing.
Wood's process engineering team is working with Continental Metallurgical Services and the data from the Pilot Plant, to develop mass balance and equipment sizing. Wood's engineers are also working on the overall project infrastructure, including selection and design of access roads, plant equipment, power, and water supplies.
To support continued testing, a 500-tonne sample of claystone was excavated in late April from an engineered test-pit and transported to the Company's operations headquarters at the Tonopah airport, where it will be crushed, screened, and bagged in preparation for treatment at the Company's Pilot Plant. The sample was collected near DCH-1, and in the vicinity of the planned starter-pit for mining in the Feasibility Study.
"We are pleased with the bulk sampling work. The size of the bulk sample may be larger than necessary for the Pilot Plant to provide adequate information for the Feasibility Study" said President and CEO Bill Willoughby . "This sample, however, allows us to examine lithium grade and other properties in the claystone over a larger volume. It also ensures we have material on hand, should we need it, for future tests or continued operations."
Cypress is continuing to log and sample core from a sonic drill program which commenced and was completed in May. The purpose of the drill program was to obtain large-diameter (6-inch) continuous core. Eight locations were selected for metallurgical, geotechnical, lithological purposes. Each hole yielded 1.9 to 2.3 tonnes of claystone which will be used in metallurgical testing at the Company's Pilot Plant to examine if there are any variations in performance due to depth, location, or material type in the deposit.
Four of the holes (CSV-1 through CVS-4) were completed in the central portion of the project in the vicinity of the proposed starter-pit and the 500-tonne bulk sample.  Four other holes (CVS-5 through CVS-8) were completed in the northeast portion of the project on and near the parcel of property recently acquired from Enertopia Corporation ("Enertopia"). In addition to providing metallurgical sample material, these latter four holes will provide confirmation of the data from Enertopia's previous drilling.
"The drilling program proceeded better than expected and was very successful in this first application of sonic drilling in Clayton Valley" stated Daniel Kalmbach , Cypress Manager, Geology and QP. "The quality of the large-diameter core samples are excellent and will provide further valuable data for the Feasibility Study."
The recent addition of land acquired from Enertopia (see news release dated May 5, 2022 ) resulted in the addition of five core holes which were drilled by Enertopia in 2018. This property comprises 17 unpatented mining claims totaling 160 contiguous acres immediately adjacent to Cypress's Project. A March 2020 NI 43-101 compliant technical report (published by Enertopia) on the property shows an Indicated resource of 82 million tonnes (mt) of 1,121 parts per million (ppm) Li and an Inferred resource of 18 mt of 1,131 ppm Li using a cutoff grade of 400 ppm Li. Cypress has not independently confirmed the resource indicated in the March 2020 NI 43-101 report.
All data received from the property acquisition has been incorporated into the project database and is expected to be used by GRE to generate the resource and reserve estimates and develop the mine plan for the Feasibility Study
Daniel Kalmbach , CPG, is the qualified persons as defined by National Instrument 43-101 and have approved of the technical information in this release.
Cypress Development Corp. is a Canadian based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA . Cypress is in the pilot stage of testing on material from its lithium-bearing claystone deposit and progressing towards completing a feasibility study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
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SOURCE Cypress Development Corp.

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TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF); ("Marvel" or the "Company") is pleased to announce it has completed a structural interpretation of the high-resolution magnetic survey at the Gander East Project, Central Newfoundland. Several prominent shear and deformation zones have been identified that require follow-up prospecting, mapping, and soil sampling. Results of the boots on the ground campaign together with the favourable structural features will aid Marvel in targeting those areas of high merit for its inaugural Phase I drilling program
The Gander East Project consists of 274 claims totaling 6,850 hectares, which have been strategically positioned adjacent to New Found Gold's ("NFG") Queensway Project and along strike from both Exploits Discovery Middle Ridge Project and Sassy Resources Gander North Project (Figure 1). The Queensway Project is undergoing a 400,000 m drill campaign targeting 20 km of prospective strike along the regional scale Appleton and Dog Bay fault zones (Figure 2). NFG's most recent news release dated June 6, 2022, reported 9.12 g/t Au over 8.2 m and 42.6 g/t Au over 11.75 m beginning at only 8.8 m downhole. Parallel structures to those hosting gold in the Queensway and Middle Ridge project areas intersect the Gander East Project including a segment of the Gander River Ultrabasic Line (GRUB Line) that defines the easternmost bounding structure of the regionally prospective Exploits Subzone. Furthermore, the Gander East Project lies along strike to the south of a new regional gold trend defined by Sassy Resources as a part of their Gander North Project. The Structure is integral to the numerous gold occurrences and drill intersections within the Exploits Subzone.
Figure 1: Gander East Location Map Showing Strategic Location Adjacent to New Found Gold.
Figure 2: Gander East Location Map Showing Strategic Location and major fault positions.
The high-resolution magnetic survey was an extremely effective tool that enhanced the magnetic signature of the Property (Figure 3).
Figure 3: Contrast of regional government magnetic data left with magnetic signatures of a high-resolution magnetic survey right.
Other magnetic products from the high-resolution survey define and enhance the various rock types and structural features consistent with orogenic gold occurrences and deposits of the Exploits Subzone (Figure 4).
Figure 4: Magnetic inversions left aid in defining discrete magnetic units and structural features with increased amplitude effects right defining various rock types by their magnetic intensity.
As a result of the study of the magnetic products from the high-resolution survey, a major sigmoidal shear is interpreted through the central part of the property. Six areas of high merit will be targeted for follow-up prospecting, mapping, and soil sampling. These areas are deemed to have a high rate of success for orogenic gold mineralization based on known mineralization and alteration styles adjacent to the Property, folded and sheared sediment rocks, predominant shear zones, and numerous minor faults. (Figure 5).
Figure 5: Interpreted location of the predominant shear zone in the central part of the Property, left, and the 6 areas of interest targeted for follow-up exploration, right.
Commentary
"The Gander East Project is a strategic land position for Marvel within the Central Newfoundland gold belt. The effectiveness of the high-resolution magnetic survey defines structural features that we know have been integral to the success of New Found Golds Queensway Project and the high-grade Keats Zone. Our robust magnetic dataset clearly enhances our structural and lithological understanding of the Property and vectors our next exploration phase to those areas of high merit for gold mineralization. Once the results of this next phase are received, Marvel will initiate an inaugural drill campaign", stated Karim Rayani, President & Chief Executive Officer, Director.
Qualified Person
Mr. Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.
About Marvel Discovery Corp.
Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:
The Company's website is: https://marveldiscovery.ca/
ON BEHALF OF THE BOARD
Marvel Discovery Corp.
"Karim Rayani"
Karim Rayani
President/Chief Executive Officer, Director
Tel: 604 716 0551 email: k@r7.capital
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law
Neither 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.
SOURCE:Marvel Discovery Corp.
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Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) announces that Sheldon Inwentash has resigned as Non-Executive Chairman of NSC, with immediate effect
John Kutkevicius, a Director of the Company, will assume the role of interim Chair until a permanent replacement is announced. He holds a Bachelor of Commerce from Queen's University, a Bachelor of Laws from the University of Western Ontario and a Master of Laws from York University. John practices law exclusively in the areas of income tax and estate planning and has extensive experience in diverse areas of the income tax practice, including corporate reorganizations, mergers and acquisitions, financings, resource taxation, insurance taxation and dispute resolution. John formerly sat on the board of directors of several junior resource companies including Chariot Resources Ltd., Barkerville Gold Mines Ltd. and Changfeng Energy, Inc. and is a member of the Canadian Tax Foundation.
About Nevada Silver Corporation
Nevada Silver Corporation(TSX.V:NSC) (OTCQB:NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.
For further information please contact:
Nevada Silver Corporation
Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
gl@nevadasilvercorp.com
CHF Capital Markets
Perry Rapagna
Manager, Corporate Development & Senior Account Manager
T: +1 (416) 868 1079 ext. 230
perry@chfir.com
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.
SOURCE:Nevada Silver Corporation
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Brunswick Exploration Inc. (" BRW " or the " Company ") is pleased to announce that it has completed its acquisition of additional pegmatite fields in the James Bay region of Quebec. A total of approximately 810 claims, separated into 22 blocks and totaling 42,892 hectares, were staked and are collectively known as the James Bay Lithium Project. All claims are located within 45 kilometers of the James Bay road network.
The James Bay region is prolific for its hard rock lithium endowment, hosting numerous spodumene showings, four deposits with defined resources (Whabouchi (Nemaska Lithium), Rose (Critical Element), Cyr (Alkem) and Moblan (Sayona)), as well as more recent discoveries such as Corvette (Patriot Batteries Metal). The Company's James Bay land package includes approximately 65 large pegmatite dykes with strike lengths between 900 and 7,000 metres, as well as dozens of smaller dykes.
This brings the Company's inventory of large S-type pegmatite dykes in Quebec and the Atlantic Provinces to a total of 125, with some dyke fields in James Bay, New Brunswick and Nova Scotia being associated with anomalous lithium in tills, grab samples or lake bottom sediments. S-type pegmatites can potentially form a sub-class of evolved pegmatites (LCT-type), which are the hosts to economic lithium (spodumene) mineralization. Reconnaissance prospecting on this multi-provincial inventory of pegmatites has begun and will continue throughout the 2022 and 2023 field seasons.
Mr. Killian Charles, President of BRW, commented: "Our extensive compilation work continues to highlight new opportunities as we have now secured the largest grassroots lithium land package in Canada. These generated targets have very strong potential for lithium and include over 125 kilometric-scale pegmatites. Very few companies are continuously generating grassroots, regional scale, hard-rock lithium projects and I am confident that our systematic approach to exploration will lead to a significant discovery."
Qualified Person
The scientific and technical information contained in this press release has been reviewed and approved by Mr. Robert Wares P.Geo, Chairman and CEO of Brunswick Exploration Incorporated. He is a Profession Geologist registered in Quebec.
About Brunswick Exploration
The Company is a Montreal-based mineral exploration venture listed on the TSX-V under symbol BRW. The Company is focused on grassroot exploration for metals necessary to decarbonization and energy transition with a particular focus on lithium, tin, nickel and copper. The company is focused on rapidly advancing the most extensive grassroots lithium exploration claim package in Eastern Canada.
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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 news release.

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Ion Energy (TSXV: ION) invites you to visit them at Booth #2739 at The Prospectors & Developers Association of Canada Convention (PDAC) at the Metro Toronto Convention Centre (MTCC) on Monday June 13 to Wednesday June 15, 2022.
About Ion Energy
Ion Energy Limited is Mongolia's first lithium brine explorer and developer, having recently announced a significant discovery, with a sample assayed at 918 mg/L – the highest grade ever collected in Mongolia. ION's flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence awarded in Mongolia. ION also holds the 29,000+ hectare Urgakh Naran highly prospective Lithium Brine licence in Dorngovi Province in Mongolia. ION is well-poised to be a key player in the clean energy revolution, positioned well to be a disruptor in Asia's battery metals supply hub.
About PDAC
The World's Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 23,000 attendees in person in 2020, participants could also attend programming, courses and networking events.
The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world's mineral industry. From 2021 it is also offered as an online event.
For more information and/or to register for the conference please visit: https://www.pdac.ca/convention/registration.
We look forward to seeing you there.
For further information:
Ion Energy
4164324920
siloni@ionenergy.ca
ionenergy.ca

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