ALORO ENTERS INTO AN OPTION AGREEMENT WITH ALAMOS GOLD INC.

Alamos may acquire a 70% interest by incurring an aggregate of USD$5,000,000 in exploration expenditures, making certain cash payments over three years

Aloro Mining Corp. (TSX:AORO TSX.V)

VANCOUVER, BRITISH COLUMBIA, CANADA, October 20, 2020 /EINPresswire.com/ — ALORO MINING CORP. – (the “Company or Aloro”) is pleased to announce that it has entered into an option agreement (the “Option Agreement”) with Alamos Gold Inc. (“Alamos”), a Toronto Stock Exchange and New York Stock Exchange listed issuer. Alamos may acquire a 70% interest from Aloro by incurring an aggregate of USD$5,000,000 in exploration expenditures and making certain cash payments over the course of three years in two mining concessions (title numbers 244241 and 246230), commonly known as the Los Venados Project (the “Project”) located in the Municipality Sahuaripa, in the State of Sonora, Mexico (the “Transaction”).

About the Transaction
Concurrent to the entry of the Option Agreement, Alamos’ wholly owned subsidiary, Minas de Oro Nacional, S.A. de C.V. A. (“MON”) and Exploraciones Aloro, S.A. de C.V. (“Exploraciones”), a wholly owned Mexican subsidiary of Aloro, have entered into an Option Agreement (the “Mexican Agreement”), pursuant to which MON must make certain exploration expenditures and cash payments on behalf of Exploraciones prior to acquiring a 70% interest in the Project.
Pursuant to the terms of the Mexican Agreement, MON has the option to acquire a 70% interest in the Project (the “Option”) by incurring an aggregate of USD$5,000,000 in exploration expenditures (collectively, the “Expenditures”) in accordance with the schedule set out below:

Payment Date Expenditures
On or before the first anniversary of the Mexican Agreement USD$500,000 (mandatory)
On or before the second anniversary of the Mexican Agreement USD$1,500,000 (optional)
On or before the third anniversary of the Mexican Agreement USD$3,000,000 (optional)

Provided the Mexican Agreement remains in good standing on the applicable anniversary date, Alamos will, in accordance with the terms of the Option Agreement, pay the following amounts in cash to the Company:

Upon entry into of the Mexican Agreement USD$50,000
On or before the first anniversary of the Mexican Agreement USD$125,000
On or before the second anniversary of the Mexican Agreement USD$150,000

In addition, Alamos will make certain cash payments to the underlying optionor to match Aloro’s payment obligations pursuant to an underlying option agreement for Los Venados 1 mineral concession (title number 244241). Such payments will be made on the Company’s behalf as such payments become due and payable in accordance with the terms of the underlying option agreement, provided the Mexican Agreement is in good standing on the following dates:
Payment Date Cash Payment
Upon entry into of the Mexican Agreement CAD$20,000 (mandatory) + IVA
On or before October 6, 2021 CAD$60,000 + IVA
MON will also be responsible for the payment of the semi-annual mineral taxes due on both of the concessions within the Project, provided the Mexican Agreement is in good standing
Once MON has acquired the 70% interest in the Project, MON and Exploraciones have agreed to contribute to further exploration and development work on the Project on a pro rata basis according to their respective interests in the Project. Should either party decide not to contribute any part of its pro rata portion of any further work, then its interest will be diluted on a pro rata basis using a formula based on the total expenditures on the Project.

Net Smelter Returns Royalty
Upon completion of making the necessary payments and incurring the Expenditures, MON may exercise the Option and, upon doing so, will have earned a 70% interest in the Project and the Los Venados 1 mineral concession (title number 246230) will be subject to a 2% net smelter return royalty in favor of Aloro, of which 1% can be repurchased by MON for USD $1,500,000.

Thomas A. Doyle, President and CEO of the Company, commented, “I am happy to have reached an agreement with Alamos after many months of discussions and negotiations. Alamos has extensive knowledge of the geology in the immediate area with their operation of the Estrella pit which is approximately 600 meters from our common border. Alamos has the experience, technical expertise, technical equipment, staff and large camp with airstrip, basically onsite. If a discovery is found on the Los Venados Project, they have the infrastructure in place. I am sure that Alamos will do a thorough job of exploring the large 32 sq km project ”

About Aloro Mining Corp.
Aloro controls the 3199 -hectare Los Venados Project which is located in the central part of the Mulatos Gold District and is directly adjacent to the active Mulatos open pit of Alamos Gold Inc. and shares common borders to the south, east, and portions of the north. The western border is shared with Agnico Eagle Mines Limited where it operates the La India open pit. The known mineralization within the Mulatos District is gold-dominant, with accessory silver and copper.
ALORO MINING CORP.

Per: “Thomas A. Doyle”
Thomas A. Doyle
President & CEO http://www.aloromining.com/

For further information, please contact:
Thomas A. Doyle
Phone: (604) 689-5722
Email: info@aloromining.com
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.

Thomas Doyle
Aloro Mining Corp.
+1 604-689-5722
email us here


Source: EIN Presswire

Strategies to Help Reach GHG Goals

Achieving Greenhouse Gas Goals - Metal Industry Strategies report cover image

Achieving Greenhouse Gas Goals – Metal Industry Strategies

New PreScouter report provides insights into how iron and steel manufacturers can achieve a reduced carbon footprint

Investment in lowering emissions today, will pay its dividends in the future, when more restrictions on greenhouse gases are very likely to be implemented.”

— Christian Salles, PreScouter Technical Director

CHICAGO, IL, UNITED STATES, October 20, 2020 /EINPresswire.com/ — PreScouter, a Chicago-based research intelligence firm, has released a detailed report on how the metal industry can achieve the goal of reducing its greenhouse gas output. With international and national agreements increasing pressure across all industrial sectors to pursue decarbonization, PreScouter presents this vital information to help iron and steel manufacturers move toward a low-carbon future.

“Investment in lowering emissions today, will pay its dividends in the future, when more restrictions on greenhouse gases are very likely to be implemented, while other strategies could lead to considerable losses for steel manufacturing companies,” points out PreScouter Technical Director and intelligence brief coauthor Christian Salles. At the heart of the report is a set of actionable strategies metal manufacturers can follow to lower their carbon footprint and mitigate carbon taxes.

Providing important context in support of these helpful strategies, the intelligence brief describes the drivers and political framework pushing steel manufacturing toward carbon neutrality. It also provides examples of industry players trying to achieve a net zero carbon footprint. Additionally, the report highlights several equipment suppliers that can help steel producers meet their goals, along with some technologies in development that could become important for the future of carbon neutrality in the metal industry.

Mariam Jomha
https://prescouter.com
+1 872-222-9225
email us here


Source: EIN Presswire

International Aluminium Institute publishes global recycling data

75% of all aluminium ever produced is still in use today

IAI logo in PNG

IAI logo

Regional recycling data

Regional recycling data

“Aluminium is central to a sustainable future, because of its unique combination of properties, including lightness, strength, durability, and recyclability.”

— Marlen Bertram

LONDON, UNITED KINGDOM, October 20, 2020 /EINPresswire.com/ — The International Aluminium Institute (IAI) has today released global aluminium recycling data.

According to figures from the IAI, recycling just one aluminium can conserves enough energy to recharge up to 20 mobile phones, while global aluminium recycling saves enough energy every year to power the whole of France.

Commenting on the recycling data, Marlen Bertram, IAI’s Director – Product Stewardship said:

“Aluminium is one of the most recycled materials on earth. Today, the global recycling efficiency rate is 76%. High recycling rates in all regions underline the economic and environmental value of aluminium scrap. With comprehensive statistical data and pioneering material flow analysis, the IAI can track scrap globally from source to consumer by product, quality, form and region.”

The release of figures coincides with the third World Statistics Day (October 20th), which is celebrated every five years. This year, World Statistics Day will reflect on the importance of trust and authoritative data.

Over the last 40 years, the IAI has provided the most credible, representative and authoritative data for the global aluminium industry and continues to provide reliable statistics and rigorous analytical expertise.

Ms Bertram noted: “With comprehensive statistical data and pioneering material flow analysis, the IAI can track scrap aluminium globally from source to consumer by product, quality, form and region.”

According to the IAI, every year, more than 30 million tonnes of aluminium scrap is recycled globally, ensuring its status as one of the most recycled materials on the planet.

Ms Bertram said: “Aluminium is central to a sustainable future, because of its unique combination of properties, including lightness, strength, durability, and recyclability. Rapid population and economic growth over the coming decade mean that global demand for aluminium will double through to 2050, and this will be met by 50% to 60% recycled metal. To ensure a sustainable circular economy, especially post-COVID, we need to improve and maintain high recycling rates across the world."

Aluminium can be remelted and reused without any impact on its unique properties. This means that aluminium products can be recycled repeatedly.

According to the IAI, Europe has the highest Recycling Efficiency Rate (RER) in the world, recovering 81 per cent of aluminium scrap available in the region.

North America has the world’s highest Recycling Input Rate (RIR) with 57 per cent of the metal produced in the region originating from scrap.

China, which is the largest consumer of both primary and recycled aluminium, also produces more than 10 million tonnes of scrap aluminium each year, accounting for a third of the annual global total.

Key facts:
• Recycling one tonne of aluminium saves greenhouse gas emissions equivalent to driving 40,000 miles in an average vehicle in the USA.
• Recycling aluminium requires 95 per cent less energy than production from ore.
• Almost 75 per cent of the 1.5 billion tonnes of aluminium ever produced is still in use today.
• Almost 70 per cent of all drinks can are recycled – making it the most recycled drinks container on earth.

Download the factsheet here

About the IAI
The International Aluminium Institute (IAI) is the only body representing the global primary aluminium industry. The Institute has the most comprehensive global data on aluminium with more than 40 years of analysis on production, consumption, energy use and environmental impact. Visit www.world-aluminium.org for more information.

To find out more about our data along the aluminium value chain, visit Alucycle.

Media enquiries: media@world-aluminium.org

Adisa Amanor-Wilks
International Auminium Institute
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Source: EIN Presswire

Formaldehyde Market 2020 : Manufacturers Analysis,Applications,Demand By Regions & Forecasts To 2025

PUNE, MAHARASTRA, INDIA, October 19, 2020 /EINPresswire.com/ —

WiseGuyReports.Com Publish a New Market Research Report On –“ Formaldehyde Market 2020 : Manufacturers Analysis,Applications,Demand By Regions & Forecasts To 2025”.

Formaldehyde Market 2020

Description: –

Formaldehyde is an organic compound with the molecular formula HCHO. It is highly reactive and gets polymerized easily; hence, it is commercially available in the form of an aqueous solution called formalin, which contains 37-55 wt% formaldehyde along with 7-25 wt% methanol.

The analysts forecast the global formaldehyde market to grow at a CAGR of 5.76% during the period 2018-2022.

Starting from the fundamental details, the Formaldehyde market report provides a complete overview of the industry along with a proper market profile. The details provided here about the crucial technologies used for manufacturing and product management purpose makes it easier to have a thorough insight into the Formaldehyde market. Based on the information obtained, the market has been segmented into various categories. It predicts the growth rate of the global Formaldehyde market in between the forecasted period, having a base year as 2020.

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For more information or any query mail at sales@wiseguyreports.com

Major Key Company Profiles included are :-

• BASF
• Chemanol
• Dynea
• Ercros
• Georgia-Pacific
• Hexion

Drivers and constraints

International Formaldehyde market is established with the significant contributions of the leading players. The report thus goes through various factors, including the market trends, pricing aspects, and market demand/supply for a greater understanding. It also analyses the growth factors, constraints, and scopes associated with the market for a greater understanding of the international Formaldehyde market.

Regional Analysis

The report analyses the competitive scenario of the international Formaldehyde market, including the strategies employed for generation of greater profit. It conducts regional analysis for the market that talks about the potential growth and future forecast in the concerned domain. In this context, it does market analysis of key domains like North America, South America, Asia, Asia Pacific, Middle East, and Africa. Growth rate in the mentioned above parts of the world have been analyzed upon taking various factors, ranging from current trends, market forecasts, etc., during the concerned period of 2025.

Modes of Research

This report for global Formaldehyde market is the perfect compilation of both the qualitative, as the statistical assessments done by the experts of the industry, upon following Porter’s Five Force Model. Ongoing inputs provided by the experts of the industry, as well as the customers, do keep focus on crucial networks across the globe. The report provides a detailed analysis of the market trends, including the micro and macroeconomic factors; it does analyze the market as per the segmentations done. In this context, the research can be divided into primary researches and secondary research. All these help in a greater understanding of the global Formaldehyde market, including its strengths, scopes, challenges, risks, etc., associated. It can be significant for the business developers in terms of understanding the real scenario of the international Formaldehyde market at various levels; It brings clarity about the state of market upon providing state of updated company profile associated with the market. At the same time, it provides predictive analysis of the key players from a future perspective.

Enquiry About Report @ https://www.wiseguyreports.com/enquiry/3123651-global-formaldehyde-market-2018-2022

Table of Contents – Major Key Points

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Derivatives

Part 08: Customer Landscape

Part 09: Market Segmentation By End-User

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Continued…

ABOUT US:
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories.

NORAH TRENT
WISE GUY RESEARCH CONSULTANTS PVT LTD
646-845-9349
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Source: EIN Presswire

Alchemist Mining Inc. Provides Update on its Annual Financial Reports

October 16, 2020

Vancouver, BC – Alchemist Mining Inc. (CSE: AMS) (“AMS” or the “Company”) Provides an update of Annual and Q1 filings

Alchemist Mining Inc (CSE:AMS-X)

VANCOUVER, BC, CANADA, October 16, 2020 /EINPresswire.com/ — Alchemist Mining Inc. Provides Update on its Annual Financial Reports.

Alchemist Mining Inc. (CSE: AMS) (“AMS” or the “Company”) Provides an update of Annual and Q1 filings. Further to our NEWS release dated August 24th 2020 where we announced that the company would be relying on the exemption provided in British Columbia Instrument 51-517 – Temporary Exemption from Certain Corporate Finance Requirements with deadlines during the Period from June 2nd to August 31st, 2020, and that there would be a delay in our filing. The exemption provided for the delay in our annual reports but did not extend to the filing of the subsequent Q1 financials. As a result, the company was placed on a Cease Trade Order by the commission. The company has filed its audited annual report today October 16, 2020 and expects to file its Q1 on or before Tuesday, October 19, 2020.

On Behalf of the Board,

Paul Mann, CEO
Alchemist Mining Inc.
________________
For further information on this release, please contact:
Investors@alchemistinc.ca
+1 844 420 2254
________________

About Alchemist Mining Inc.
Alchemist’s goal is to be a global provider of technology solutions to the cannabis sector. We are primarily focused on investing and building a sustainable portfolio of business entities, by actively identifying opportunities in the developing global cannabis market, through a combination of acquisitions, incubations and investments, with a goal to create shareholder value.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward Looking Statements
This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “intends”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, including: that the Required Filings will be filed in accordance with the timeline expected by the Company; that the Company will not be able to execute its proposed business plan in the time required or at all due to regulatory, financial or other issues; that the Company’s competitors may develop competing technologies; changes in regulatory requirements; and other factors beyond the Company’s control. Additional risk factors are included in the Company’s Management’s Discussion and Analysis, available under the Company’s profile on www.sedar.com. The forward-looking statements are made as at the date hereof and the Company disclaims any intent or obligation to publicly update any forward-looking statements, where because of new information, future events or results, or otherwise, except as required by applicable securities laws.

Sukh Sandhu
ALchemist Mining Inc
+1 844-420-2254
email us here


Source: EIN Presswire

LNG Bunkering Market Size Expands to Reach value $10,185 million by 2023

LNG Bunkering

LNG Bunkering

Global LNG Bunkering Market 2017-2023: Business Development and Growth Opportunities by Industry Expert

PORTLAND, OREGON, UNITED STATES, October 16, 2020 /EINPresswire.com/ — LNG bunkering is experiencing the highest growth rate in developed as well as developing countries. Escalating number of vessels using LNG owing to the need for cleaner fuels in compliance with the stringent government regulations in order to reduce air pollution and maintain sustainability is the main driver that is boosting the growth of the market.

LNG bunkering market was valued at $214 million in 2016, and is projected to reach $10,185 million by 2023, growing at a CAGR of 58.5% from 2017 to 2023. Europe dominates the LNG bunkering market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.

Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/2213

LNG (Liquid Natural Gas) is an attractive alternative fuel for seagoing vessels and inland vessels, as liquefied natural gas emits fewer polluting substances. LNG is a potential substitute according to IMO emission prerequisites, owing to its negligible sulfur content and low production of NOx contrary to fuel oil and marine diesel oil. LNG is clean burning fuel coupled with financial points of interest on a calorific value basis among other fuels.

Technological advancement in vessel designs to reduce maintenance, enhance fuel efficiency and improve performance, reliability and safety are some of the key parameters which will stimulate the product demand. Strong orderbook for LNG-propelled vessels subject to the implementation of IMO Tier III norms will further complement the industry growth.

The global LNG bunkering market is driven by International Maritime Organizations regulations of sulfur emissions to 0.50% m/m (mass/mass) by 2020 in marine fuels, increase in sea-borne trade, particularly in terms of ton-km travelled, and low cost among ECAs. However, the demand-supply gap among LNG bunkers and vessels is expected to hamper the market growth.

For Purchase Enquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/2213

Ship-to-ship LNG bunkering market is predicted to witness growth over 58.5% by 2023 owing to its high capacity and quick transfer operations. Ability to allow the movement of cargo and bunkering operation to occur simultaneously will further complement the industry landscape. The offshore vessels & ferries segment accounted for more than one-third share of the total market share in 2016, in terms of volume, and is expected to maintain its dominance during the forecast period, owing to its ease of transportation and loading. However, bulk & general cargo vessels are also expected to grow with high rate due to rise in demand for low sulfur fuels.

On the basis of end user, the offshore support vessel segment is expected to dominate the global market in terms of revenue over the forecast period, owing to its cost effective exploration and production activities.

In 2016, Asia-Pacific and Europe collectively accounted for over two-thirds of the global LNG bunker market, by volume, though Asia-Pacific is expected to grow at a faster rate during the forecast period. High trade frequency from the emerging countries, such as South Korea, India, and China, is estimated to drive the market growth.

Get detailed COVID-19 impact analysis on the LNG Bunkering Market @ https://www.alliedmarketresearch.com/request-for-customization/2213?reqfor=covid

The major companies profiled in the report include Skangas AS, Gasnor As, Statoil ASA, Barents Naturgass As, Engie SA, Bomin Linde LNG GmbH & Co. KG, Eni Norge AS, Harvey Gulf International Marine Llc., Polskie LNG SA, and Korea Gas Corp.

Key Findings of the LNG bunkering Market:
• In terms of value, the offshore vessels & ferries segment is expected to grow at a CAGR of 58.8% during the forecast period.
• In terms of volume, the global LNG bunkering market is expected to grow at a CAGR of 47.7% during the forecast period.
• In Europe, Belgium is estimated to grow at the highest CAGR of 59.6% during the forecast period, in terms of value.
• Tanker fleet as end users occupied around one-fourth of the global market share in 2016, in terms of volume.
• China accounted for over one-tenth of the global LNG bunkering market in 2016, and is expected to grow at a significant CAGR of 49.1%, in terms of volume.

Similar Reports:
Compressed Natural Gas Market @ https://www.alliedmarketresearch.com/compressed-natural-gas-market

Biorefinery Technologies Market@ https://www.alliedmarketresearch.com/biorefinery-technologies-market-A07244

HVAC Motors Market@ https://www.alliedmarketresearch.com/hvac-motors-market-A06884

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Second- and Third-Generation Biofuels Market@ https://www.alliedmarketresearch.com/second-third-generation-biofuels-market

David Correa
Allied Analytics LLP
+1 800-792-5285
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Source: EIN Presswire

Amerigo Reports Q3-2020 Production Results

VANCOUVER, BRITISH COLUMBIA, CANADA, October 16, 2020 /EINPresswire.com/ — October 16, 2020
N.R. 2020-11

Amerigo Reports Q3-2020 Production Results

Vancouver, British Columbia – October 16, 2020 /CNW/ – Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX: ARG) is pleased to announce Q3-2020 production results from Minera Valle Central ("MVC"), the Company’s 100% owned operation located near Rancagua, Chile.

MVC produced 14.7 million pounds (“M lbs”) of copper at a cash cost of US$1.80 per pound (“/lb”) and 0.4 M lbs of molybdenum.

MVC’s copper production from fresh and Cauquenes tailings increased 13% compared to Q2-2020 and was 9% higher than the Q3-2020 guidance provided in the Q2-2020 production results.

July 2020 August 2020 September 2020 Q3-2020
Fresh tailings
Tonnes per day 103,173 121,286 133,867 119,285
Operating days 31 31 30 92
Tonnes processed 3,198,361 3,759,858 4,016,016 10,974,235
Copper grade 0.145% 0.127% 0.137% 0.136%
Copper recovery 22% 19% 20% 20%
Copper produced (million of pounds) 2.27 2.02 2.39 6.68
Cauquenes tailings
Tonnes per day 50,071 57,723 53,793 55,216
Operating days 18 31 30 79
Tonnes processed 940,953 1,807,295 1,613,792 4,362,040
Copper grade 0.248% 0.247% 0.240% 0.245%
Copper recovery 34% 34% 35% 34%
Copper produced (million of pounds) 1.70 3.29 3.01 8.00
Copper produced (M lbs) 3.97 5.31 5.40 14.68
Cash cost (US$/pound copper) 1.95 1.79 1.70 1.80

Q3-2020 copper production was positively impacted by an increase in tonnage processed at Cauquenes as more water became available in MVC following a return to almost normal rainfall levels. MVC had reduced Cauquenes tonnage processing in February 2020 in response to severe drought conditions then present in central Chile.

In Q3-2020, processing rates averaged 119,285 tonnes per day (“TPD”) for fresh tailings and 55,216 TPD for Cauquenes, higher than expected in both cases. Copper grade in fresh tailings and Cauquenes copper recovery were slightly higher than expected. Operating days in Q3-2020 were 92/92 for fresh tailings and 79/92 for Cauquenes, where 13 days of operation were lost in July due to strong rainfall.

Q3-2020 cash cost was US$1.80/lb, US$0.08/lb higher than cash cost in Q2-2020 and US$0.24/lb higher than guidance. Cash cost in Q3-2020 included $0.02/lb of one-time labour costs from severance paid to MVC workers. 7 positions were permanently eliminated. Other factors affecting cash cost compared to guidance included an increase of approximately US$0.04/lb from the appreciation of the Chilean peso against the U.S. dollar on a quarter average basis, US$0.04/lb from lower molybdenum credits due to lower than expected molybdenum prices and production and $0.14/lb in aggregate from higher than anticipated power, lime, industrial water and Cauquenes processing costs.

MVC’s operations continued through Q3-2020 without any significant disruptions due to Covid-19.

Production results for the most recent five quarters are summarized below:

Q3-2020 Q2-2020 Q1-2020 Q4-2019 Q3-2019
Fresh tailings
Tonnes per day 119,285 119,435 120,037 114,448 118,296
Operating days 92 91 78 92 92
Tonnes processed 10,974,235 10,868,556 9,306,854 10,529,332 10,883,200
Copper grade 0.136% 0.137% 0.125% 0.112% 0.110%
Copper recovery 20.3% 20.3% 19.9% 17.5% 18.8%
Copper produced (M lbs) 6.68 6.66 5.13 4.57 4.99
Cauquenes tailings
Tonnes per day 55,216 35,875 43,763 58,908 58,449
Operating days 79 89 67 91 90
Tonnes processed 4,362,040 3,164,898 2,976,621 5,365,311 5,226,443
Copper grade 0.245% 0.257% 0.261% 0.273% 0.270%
Copper recovery 34.0% 34.9% 33.4% 34.5% 35.7%
Copper produced (M lbs) 8.00 6.31 5.72 11.15 11.10
Fresh tailings +Cauquenes (M lbs) 14.68 12.97 10.85 15.72 16.09
Slag Processing
Tonnes processed – – 14,960 93,248 33,885
Copper grade – – 4.6% 5.3% 5.0%
Copper recovery – – 80% 79% 81%
Copper produced (M lbs) – – 1.23 8.62 3.0
Copper produced (M lbs) 14.68 12.97 12.08 24.34 19.09
Copper delivered (M lbs) 14.92 13.70 11.82 24.07 19.55
Cash cost(US$/pound copper) 1.80 1.72 1.94 1.79 1.56
Molybdenum produced (M lbs) 0.37 0.35 0.19 0.39 0.53
Molybdenum sold (M lbs) 0.37 0.36 0.23 0.41 0.51

Water reserves at Colihues increased from a low point of 300,000 cubic meters earlier in 2020 to 10 million cubic meters, a level not seen since January 2018. These existent water reserves are sufficient for MVC to maintain Cauquenes tonnage processing into H1-2021.

The following figure shows the levels of water reserves at Colihues since January 2017:

The Company’s production forecast for Q4-2020 assumes the known impact of debottlenecking initiatives implemented to date. MVC is finalizing with its technical consultants an implementation plan of additional initiatives to improve plant performance.

Under these assumptions, MVC now estimates that it will produce 56.8 M lbs of copper in 2020, an increase from prior guidance of 55.7 M lbs. Annual cash cost is projected at US$1.78/lb compared to prior guidance of US$1.67/lb due to the appreciation of the Chilean peso in response to stronger copper prices. Additional information is included in the following table.

Q1-2020 Q2-2020 Q3-2020 Q4-2020 2020
Actual Actual Actual Est.
Fresh tailings
Tonnes per day 120,037 119,435 119,285 132,582 122,796
Operating days 78 91 92 92 353
Tonnes processed 9,306,854 10,868,556 10,974,235 12,197,499 43,347,144
Copper grade 0.125% 0.137% 0.136% 0.135% 0.134%
Copper recovery 19.9% 20.3% 20.3% 20.6% 20.3%
Copper produced (M lbs) 5.13 6.66 6.68 7.49 25.96
Cauquenes tailings
Tonnes per day 43,763 35,875 55,216 55,000 47,741
Operating days 67 88 79 92 326
Tonnes processed 2,976,621 3,164,898 4,362,040 5,060,000 15,563,559
Copper grade 0.261% 0.257% 0.245% 0.245% 0.250%
Copper recovery 33.4% 34.9% 34.0% 34.9% 34.3%
Copper produced (M lbs) 5.72 6.31 8.00 9.53 29.56
Fresh tailings +Cauquenes (M lbs) 10.85 12.97 14.68 17.02 55.52
Slag Processing
Tonnes processed 14,960 – – – 14,960
Copper grade 4.6% – – – 4.6%
Copper recovery 80% – – – 80%
Copper produced (M lbs) 1.23 – – – 1.23
Copper produced (M lbs) 12.08 12.97 14.68 17.02 56.75
Cash cost(US$/pound copper) 1.94 1.72 1.80 1.65 1.78
Molybdenum produced (M lbs) 0.19 0.35 0.37 0.42 1.33

Release of Q3-2020 results on November 4, 2020

The Company will release its Q3-2020 financial results at market open on Wednesday, November 4, 2020.

Investor conference call on November 5, 2020

Amerigo’s quarterly investor conference call will take place on Thursday, November 5, 2020 at 11:00 am Pacific Time/2:00 pm Eastern Time.

To join the call, please dial 1-800-806-5484 (Toll-Free North America) and enter passcode 8944713# to participate in the Amerigo Resources conference call.

The analyst and investment communities are welcome to ask questions of management. Media can attend on a listen-only basis.

About Amerigo and MVC

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

Amerigo produces copper concentrate at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX.

For further information, please contact:

• Aurora Davidson, President and CEO (604) 697-6207
• Klaus Zeitler, Executive Chairman (604) 697-6204

Cautionary Note Regarding Forward-Looking Information
This news release contains certain forward-looking information and statements as defined in applicable securities laws (collectively referred to as "forward-looking statements"). These statements relate to future events or the Company’s future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "should", "believe" and similar expressions is intended to identify forward-looking statements. These forward-looking statements include but are not limited to, statements concerning:

• forecasted production, operating days, tonnes processed, copper grade, copper recovery and cash cost for the remainder of the year;
• the Colihues water reserves being sufficient for MVC to maintain Cauquenes tonnage processing into H1-2021;
• our strategies and objectives;
• our estimates of the availability and quantity of tailings;
• our planned production levels and future production; and
• our financial and operating objectives.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that are beyond our ability to predict or control, including risks that may affect our operating or capital plans; water supply risk to MVC as a result of extreme drought conditions in Chile; risks generally encountered in the permitting, development and operation of mineral projects such as unusual or unexpected geological formations, negotiations with government and other third parties, unanticipated metallurgical difficulties, delays associated with permits, approvals and permit appeals, ground control problems, adverse weather conditions, process upsets and equipment malfunctions; hazards inherent in the mining industry that may cause personal injury or loss of life, severe damage to or destruction of property and equipment, pollution or environmental damage, claims by third parties and suspension of operations; risks associated with labour disturbances and availability of skilled labour and management; risks related to the potential impact of global or national health concerns, including COVID-19, and the inability of employees to access sufficient healthcare; government or regulatory actions or inactions; fluctuations in the market prices of our principal commodities, which are cyclical and subject to substantial price fluctuations; the risk of production and transportation disruptions; risks created through competition for mining projects and properties; risks associated with lack of access to markets; risks associated with availability of and our ability to obtain both tailings from Codelco’s Division El Teniente’s current production and historic tailings from tailings deposit; El Teniente mine plan estimates; risks posed by fluctuations in exchange rates and interest rates, as well as general economic conditions; risks associated with environmental compliance and changes in environmental legislation and regulation; risks associated with our dependence on third parties for the provision of critical services; risks associated with non-performance by contractual counterparties; title risks; social and political risks associated with operations in foreign countries; risks of changes in laws affecting our operations or their interpretation, including foreign exchange controls; risks associated with tax reassessments and legal proceedings; and risks of disruptions to the Company's information technology systems, including those related to cybersecurity. Notwithstanding the efforts of the Company and MVC, there can be no guarantee that the Company’s or MVC’s staff will not contract COVID-19 or that the Company’s and MVC’s measures to protect staff from COVID-19 will be effective. Many of these risks and uncertainties apply not only to the Company and its operations, but also to Codelco and its operations. Codelco’s ongoing mining operations provide a significant portion of the materials the Company processes and its resulting metals production, therefore these risks and uncertainties may also affect their operations and in turn have a material effect on the Company.

Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about:
• general business and economic conditions;
• interest rates;
• changes in commodity and power prices;
• acts of foreign governments and the outcome of legal proceedings;
• the supply and demand for, deliveries of, and the level and volatility of prices of copper and other commodities and products used in our operations;
• the ongoing supply of material for processing from Codelco’s current mining operations;
• the ability of the Company to profitably extract and process material from the Cauquenes tailings deposit;
• the timing of the receipt of and retention of permits and other regulatory and governmental approvals;
• our costs of production and our production and productivity levels, as well as those of our competitors;
• the impact of debottlenecking initiatives implemented to date;
• changes in credit market conditions and conditions in financial markets generally;
• our ability to procure equipment and operating supplies in sufficient quantities and on a timely basis;
• the availability of qualified employees and contractors for our operations;
• our ability to attract and retain skilled staff;
• the satisfactory negotiation of collective agreements with unionized employees;
• the impact of changes in foreign exchange rates and capital repatriation on our costs and results;
• costs of closure of various operations;
• market competition;
• the accuracy of our preliminary economic assessment (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based;
• our ability to comply with our loan covenants;
• tax benefits and tax rates;
• the outcome of our copper concentrate sales and treatment and refining charge negotiations;
• the resolution of environmental and other proceedings or disputes;
• the future supply of reasonably priced power;
• rainfall in the vicinity of MVC returning to normal levels;
• average recoveries for fresh tailings and Cauquenes tailings;
• our ability to obtain, comply with and renew permits and licenses in a timely manner; and
• our ongoing relations with our employees and entities with which we do business.

Future production levels and cost estimates assume there are no adverse mining or other events which significantly affect budgeted production levels.

Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure that it will achieve or accomplish the expectations, beliefs or projections described in the forward-looking statements.

We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements. Except as required by law, we undertake no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise.

Aurora Davidson
Amerigo Resources Ltd.
+ +1 604-697-6207
email us here


Source: EIN Presswire

Sopra Steria partners with Sky Republic to offer digital supply chain platforms automated by smart contracts

Sopra Steria and Sky Republic technology partnership - blockchain smart contracts

Blockchain automation for tomorrow’s digital supply chains

Technology partnership to built blockchain-based digital supply chain platforms for automotive, pharmaceutical, retail, and transportation industries

This partnership creates a new major player in the blockchain market. Together, we have the resources, the expertise, and the innovation required to serve the biggest supply chain communities.”

— Chris Fabre, Founder/CEO of Sky Republic

SCOTTSDALE, ARIZONA, USA, October 15, 2020 /EINPresswire.com/ — Sopra Steria (Euronext Paris : SOP), one of the European leaders in consulting, digital services and software publishing, announced today a technology partnership with the American startup Sky Republic to offer next-generation digital supply chain platforms for automotive, pharmaceutical, retail, and transportation industries.

Based in Scottsdale (Arizona), Sky Republic is a pioneer in enterprise blockchain working today for Aerospace and Air Transportation industries. Founded in 2016, Sky Republic built from the ground up the Atlas platform recognized in six Gartner 2020 Hype Cycles.

“While blockchain’s smart contracts decentralize the management of digital assets, Atlas’ Sky Contracts automate complex supply chain processes within currently centralized networks” explains Chris Fabre, Sky Republic’s founder and CEO. “Since the 80’s, supply chain networks are based on point to point EDI or API technologies which fragment processes. Control towers were introduced to provide end-to-end visibility and automation but are complex to set up and centralize business benefits. Atlas allows to easily create a trusted and distributed digital twin of a supply chain and fosters co-innovation by decentralizing benefits. Participants can further digitize operations, track and trace assets integrating EDI and IOT feeds, certify goods provenance, or accelerate payments and settlements.”

“Improving the efficiency, resilience, and agility of supply chains is more than ever a priority for enterprises in a global economy that is deeply impacted by COVID-19” declares Mohammed Sijelmassi, Chief Technology Officer of Sopra Steria. “We build digital strategies with our customers that are innovative but rooted in their business reality and truly actionable. Atlas facilitates the development of distributed composite applications that can monitor a cold chain end-to-end or track aircraft parts maintenance for example. Sky Republic blockchain offers the right governance model and design maturity to reengineer multi-enterprise processes which remains the key to digital transformation in many industries”.

“This partnership creates a new major player in the blockchain market. Together with Sopra Steria, we have the resources, the project and business expertise, and the innovation capability required to serve the biggest supply chain communities. Thanks to Atlas, we can build and run the next generation of digital supply chain platforms” declares Chris Fabre.

“We are delighted to contribute to the development of Atlas. Its unique architecture allows to benefit in one platform from all capabilities required in complex supply chain use cases. It offers the best of Ethereum, Fabric, Corda and a B2B middleware. This partnership will strengthen our Sopra Steria’s Blockchain Competency Center, which leverages today more than 200 international experts, in conjunction with our vertical business units” declares Mohammed Sijelmassi.

About Sopra Steria

Sopra Steria, a European leader in consulting, digital services, and software development, helps its clients drive their digital transformation and obtain tangible and sustainable benefits. It provides end-to-end solutions to make large companies and organizations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of everything it does and is committed to making the most of digital technology to build a positive future for its clients. With 46,000 employees in 25 countries, the Group generated revenue of €4.4 billion in 2019. The world is how we shape it. Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) – ISIN: FR0000050809
For more information, visit us at www.soprasteria.com

About Sky Republic

Sky Republic uniquely adapts blockchain automation for tomorrow’s digital supply chain. Recognized in six Gartner Hype Cycles, the company’s Sky Contract Platform (SCP) delivers the agility you need through real-time reconciliation, asset track and trace, provenance certification, process optimization, and more. To synchronize business with your partners and decentralize benefits, Sky Republic creates a trusted and distributed digital twin of your supply chain. Designed to get multi-enterprise applications up and running quickly, Atlas makes your supply chain more productive, resilient, and nimble.
For more information and download our whitepaper, visit us at www.skyrepublic.com.

Contacts

Elsa Estager
Sopra Steria
+33786732117
Elsa.estager@soprasteria.com

Chris Fabre
Sky Republic
+1 480-535-5013
email us here


Source: EIN Presswire

Idaho US Navy Veterans Mesothelioma Advocate Has Endorsed Attorney Erik Karst of Karst von Oiste To Ensure a Navy Veteran with Mesothelioma in Idaho Receives a Top Compensation Result-It Might Exceed $1,000,000

"Before a Navy Veteran with mesothelioma or their family hire a lawyer to assist with mesothelioma compensation-please call attorney Erik Karst of the law firm of Karst von Oiste at 800-714-0303.”

— Idaho US Navy Veterans Mesothelioma Advocate

BOISE, IDAHO, USA, October 14, 2020 /EINPresswire.com/ — The Idaho US Navy Veterans Mesothelioma Advocate has endorsed attorney Erik Karst of the law firm of Karst von Oiste to make certain a Navy Veteran with recently diagnosed mesothelioma in Idaho receives the best possible financial compensation settlement results. Frequently a mesothelioma compensation settlement for a Navy Veteran might exceed a million dollars, for a career Navy Veteran the compensation might be in the millions. In order to-receive the best possible mesothelioma compensation settlement results it is vital a Navy Veteran with this rare cancer and or their family hires a lawyer who knows what they are doing. Erik Karst is one of the nation's most skilled mesothelioma attorneys and he is always happy to discuss mesothelioma compensation with a Navy Veteran or their family at 800-714-0303. www.karstvonoiste.com/

The Advocate says, "One thing that makes attorney Erik Karst of the law firm of Karst von Oiste invaluable to a Navy Veteran with mesothelioma is his incredible knowledge of navy ships, submarines and navy shipyards. Before a Navy Veteran with mesothelioma or their family hire a lawyer to assist with mesothelioma compensation-please call attorney Erik Karst of the law firm of Karst von Oiste at 800-714-0303. We think you will be glad you did." www.karstvonoiste.com/

The Idaho US Navy Veterans Mesothelioma Advocate offers their free services to US Navy Veterans with mesothelioma in Boise, Nampa, Meridian, Idaho Falls, Pocatello, Coeur d’Alene, Wallace, Twin Falls, Lewiston. or any other community in Idaho. https://Idaho.USNavyMesothelioma.Com

For the best possible treatment options in Idaho the US Navy Veterans Mesothelioma Advocate strongly recommends the following heath care facility with the offer to help a diagnosed Veteran, or their family get to the right physicians at this hospital:

* St. Luke’s Mountain States Tumor Institute Boise, Idaho: https://www.stlukesonline.org/communities-and-locations/facilities/clinics/st-lukes-cancer-institute–boise.

About one third of all US citizens diagnosed with mesothelioma each year are Veterans of the US Navy. Before a Navy Veteran with mesothelioma or their family retain the services of a lawyer or law firm, they are urged to call the US Navy Veterans Mesothelioma Advocate anytime at 800-714-0303. https://USNavyMesothelioma.Com

The states with the highest incidence of mesothelioma include Maine, Massachusetts, Connecticut, Maryland, New Jersey, Pennsylvania, Ohio, West Virginia, Virginia, Michigan, Illinois, Minnesota, Louisiana, Washington, and Oregon. www.karstvonoiste.com/

For more information about mesothelioma please refer to the National Institutes of Health’s web site related to this rare form of cancer: https://www.cancer.gov/types/mesothelioma

Michael Thomas
Idaho US Navy Veterans Mesothelioma Advocate
+1 800-714-0303
email us here


Source: EIN Presswire

Clean Air Metals Announces Payment to Rio Tinto to Maintain Escape Lake Option

Clean Air Metals Inc. (TSX:AIR.V)

Our project represents the most significant PGE deposit located in close proximity to Impala’s Lac des Isles Mine and this payment demonstrates our confidence in the Thunder Bay North Project. ”

— Abraham Drost, CEO

THUNDER BAY, ONTARIO, CANADA, October 14, 2020 /EINPresswire.com/ — Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSXV: AIR) (OTCQB: CLRMF) is pleased to announce that it has paid the sum of CAD$1 Million directly to Rio Tinto Exploration Canada Inc. (“RTEC”) as Vendor, pursuant to the terms of the definitive option agreement (the “Option Agreement”) entered into between the Company and Benton Resources Inc. (“Benton”) (TSXV: BEX) (see previous press release dated May 15, 2020). The Company acquired the Option to acquire a 100% right, title and interest in and to the Escape Lake Property (the “Escape Lake Property”), whereby Clean Air Metals agreed to pay to RTEC an aggregate of C$6 million, C$3 million of which was originally paid by Benton to RTEC on October 9, 2019.

In addition, pursuant to the terms of a definitive share purchase agreement dated January 6, 2020 entered into between the Company and Magma Metals Pty Ltd. (“Magma”), the Company completed the acquisition of 100% of Panoramic Resources Limited’s indirect subsidiary, Panoramic PGMs (Canada) Ltd. (“Pan PGMs”), which owns the Thunder Bay North Property (the “TBN Property”). Pan PGM’s is now a 100% wholly-owned subsidiary of Clean Air Metals. In consideration of the acquisition of Pan PGMs, Clean Air Metals has also agreed to pay to Magma in equal installments over a three-year period, an aggregate of C$9 million, C$4.5 million of which was paid on closing of the transaction on May 14, 2020.

The Escape Lake Property and the TBN Property are collectively referred to as the “TBN Project”. A 20,000m drill program is underway that has confirmed and expanded the new discovery at Escape Lake that now measures approximately 200m along strike, 175m wide and averages 30m and remains open along strike in both directions (previously reported September 30, 2020).

Abraham Drost, P.Geo., CEO of Clean Air Metals said that “Our project represents the most significant PGE deposit located in close proximity to Impala’s Lac des Isles Mine and this payment demonstrates our confidence in the Thunder Bay North Project. The platinum, palladium and copper, nickel mineralization identified in the Escape Lake conduit has the potential to add materially to the historic estimate at the Current Lake deposit.”

About Clean Air Metals Inc.
Clean Air Metals’ flagship asset is the 100% owned, high grade Thunder Bay North Project, a platinum, palladium, copper, nickel project located near the City of Thunder Bay, Ontario and the Lac des Iles Mine owned by Impala Platinum. The Clean Air Metals project hosts the Current Lake magma conduit and the Company is actively exploring at Escape Lake and a twin structure to Current Lake as previously reported on August 20, 2020. Executive Chairman Jim Gallagher and CEO Abraham Drost lead an experienced team of explorers, researchers and engineers who are using the Norilsk magma conduit stratigraphic and mineral deposit model to guide ongoing exploration and development studies. As the former CEO of North American Palladium Ltd. which owned the Lac des Iles Mine prior to the sale to Impala Platinum in December 2019, Jim Gallagher and team are credited with the mine turnaround and creation of significant value for shareholders.
Qualified Person

Mr. Allan MacTavish, P.Geo. a Qualified Person under National Instrument 43-101 and VP-Project Manager of the Company, has reviewed and approved all technical information in this press release.

First Nation Relations
Clean Air Metals and its wholly-owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge that the Thunder Bay North Project is on the traditional territories of the Fort William First Nation, Red Rock First Nation and Biinjitiwabik Zaaging Anishinaabek, signatories to the Robinson-Superior Treaty of 1850. Clean Air Metals' wholly-owned subsidiary Panoramic PGMs (Canada) Ltd. is a signatory to a Communication Protocol between the parties.

ON BEHALF OF THE BOARD OF DIRECTORS
"Abraham Drost"
Abraham Drost, Chief Executive Officer of Clean Air Metals Inc.

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

Cautionary Note:
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. 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 forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.

Abraham Drost
Clean Air Metals Inc.
+1 807-252-7800
email us here
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Source: EIN Presswire