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CASA GRANDE, Ariz. & TORONTO — Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce that the Company has closed its previously announced public offering of common shares of the Company (the “Common Shares”). The underwriters exercised the full over-allotment option to purchase an additional 15% of the Common Shares in connection with the Offering. The Company issued, on a bought deal basis, 23,805,000 Common Shares, including 3,105,000 Common Shares pursuant to the exercise of the over-allotment option, at a price of C$1.45 per Common Share for aggregate gross proceeds of C$34,517,250 (the “Offering”).
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The Offering was completed pursuant to an underwriting agreement dated September 27, 2024, entered into between the Company and a syndicate of underwriters co-led by Raymond James Ltd. and Paradigm Capital Inc., as joint bookrunners, and Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. and TD Securities Inc.
The Company intends to use the net proceeds of the Offering for exploration and development at the Company’s Cactus Mine Project located in Arizona, and for general working capital and corporate purposes, as described in the Prospectus (as defined below).
The Common Shares were offered by way of a short form prospectus dated October 4, 2024 (the “Prospectus”) filed in each of the provinces and territories of Canada, except Quebec, and offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and in those jurisdictions outside of Canada and the United States as agreed to by the Company and the Underwriters, in each case in accordance with all applicable laws and provided that no prospectus, registration or other similar document is required to be filed in those jurisdictions. The Offering remains subject to the final approval of the Toronto Stock Exchange.
The securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
Neither the Toronto Stock Exchange nor the regulating authority has approved or disproved the information contained in this press release.
ASCU’s objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer Projects that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company’s principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus Project is the Company’s 100%-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus Mine once it becomes a producing asset. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.
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Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the final approval of the Offering and the use of proceeds from the Offering, and the future plans or prospects of the Company. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: market conditions, future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory approvals.
Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. 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 statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual information form and management’s discussion and analysis which is available on SEDAR+ at www.sedarplus.ca.
The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.
TORONTO — Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that, further to its press releases dated July 15, 2024, August 27, 2024, and September 4, 2024 and the special meeting of unitholders of the REIT that was held on September 4, 2024, the non-binding letter of intent with Inovalis S.A. dated May 31, 2024 (the “Letter of Intent”), pursuant to which the REIT would have sold a single asset located at 24-26, Rue Bénard – 25, Rue Hyppolite Maindron – 27-29, Rue de la Sablière, Paris, District 14, France (the “Sabliere Property”) to Inovalis S.A., has been mutually terminated.
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The Letter of Intent, which was previously filed as a material contract on SEDAR+ and is available to view at www.sedarplus.ca, was subject to Inovalis S.A. obtaining bank financing for the purchase of the Sabliere Property, which Inovalis S.A. has confirmed it has been unable to obtain on terms acceptable to it. As such, the sale of the Sabliere Property to Inovalis S.A. will not proceed at this time. There was no penalty or termination fee payable by either the REIT or Inovalis S.A. in connection with the termination of the Letter of Intent.
The REIT will continue to evaluate other opportunities for a potential sale of the Sabliere Property and is committed to evaluating a range of options available for the Sabliere Property to maximize value for its unitholders. There can, however, be no assurance that this process will result in the REIT pursuing or consummating any transaction in respect of the Sabliere Property, nor can any assurance be provided as to its outcome or timing. The REIT does not intend to comment further on the sale process for the Sabliere Property until it determines that additional disclosure is appropriate or required by applicable securities laws.
About Inovalis REIT
Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 13 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.
About Inovalis Group
Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets.
Inovalis Group ( www.inovalis.com), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services.
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Forward-looking Statements
This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the REIT’s current expectations regarding future events, including with respect to the sale of the Sabliere Property. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.
Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the REIT’s most recent annual information form. The REIT does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.
The final short form prospectus is accessible through SEDAR+
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CASA GRANDE, Ariz. & TORONTO — Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce that it has filed and been receipted for a final short form prospectus (the “Prospectus”) in connection with its bought deal offering of 20,700,000 common shares in the capital of the Company (the “Common Shares”) at a price of C$1.45 per Common Share (the “Issue Price”) for gross proceeds to the Company of C$30,015,000 (the “Offering”), as further described in the press releases of the Company dated September 24, 2024and September 27, 2024. Pursuant to the Offering, the Company also granted the underwriters an over-allotment option to purchase at the Issue Price up to an additional 15% of the Common Shares issued in connection with the Offering, which option is exercisable, in whole or in part, by the underwriters at any time until and including 30 days after the closing of the Offering.
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In connection with the Offering, the Company has entered into an underwriting agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, together with a syndicate of underwriters including Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. and TD Securities Inc.
Delivery of the Prospectus and any amendment will be satisfied in accordance with the “access equals delivery” provisions of applicable securities legislation. The Prospectus is accessible on SEDAR+ ( www.sedarplus.ca) under the Company’s issuer profile.
An electronic or paper copy of the Prospectus and any amendment may be obtained, without charge, from Raymond James Ltd. by email at ECM-Syndication@raymondjames.ca by providing Raymond James Ltd. with an email address or address, as applicable. The Prospectus contains important, detailed information about the Company and the Offering. Prospective investors should read the Prospectus before making an investment decision.
The Offering is subject to certain conditions including, but not limited to, the approval of the Toronto Stock Exchange.
The securities offered in the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Neither the Toronto Stock Exchange nor the regulating authority has approved or disproved the information contained in this press release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com) ASCU’s objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer Projects that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company’s principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus Project is the Company’s 100%-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus Mine once it becomes a producing asset. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.
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Forward-Looking Statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering, the receipt of regulatory approvals, and the future plans or prospects of the Company. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: risks relating to the ability of the parties to complete the Offering on the terms described in this news release or timing currently expected, or at all, market conditions, future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory approvals.
Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. 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 statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual information form and management’s discussion and analysis which is available on SEDAR+ at www.sedarplus.ca.
The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.
Published Oct 06, 2024 • Last updated 54 minutes ago • 8 minute read
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TORONTO — dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is very pleased to announce that the Company has received the final Verra approval of its Carbon Credit Methodology.
This Verra-approved methodology marks a significant milestone in dynaCERT’s ongoing business evolution, as it underscores the impact of the Company’s HydraGEN™ Technology, which is designed to reduce both fuel consumption and carbon emissions in a wide range of sizes of Internal Combustion Engines (“ICE”). dynaCERT’s innovative product line serves an extensive range of ICE applications, including sectors such as transportation, mining, construction, oil & gas and diesel generators.
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The Verra Methodology
On October 4, 2024, Verra published its Verified Carbon Standard (VCS) Methodology Revision VMR0004 Improved Efficiency of Fleet Vehicles, v2.0. See the recently published Methodology here: Verra Methodology. See also the Verra Press Release of October 4, 2024, entitled “Verra Publishes Revised Vehicle Fleet Efficiency Methodology” here: Verra Press Release.
According to Verra:
“This methodology was developed by dynaCERT (and others), based on CDM methodology AMS-III.BC Emission Reductions Through Improved Efficiency of Vehicle Fleets, v3.0.
This methodology is applicable to project activities that improve the efficiency of vehicle fleets, including transport vehicles and mobile machinery, resulting in reduced greenhouse gas emissions from fuel and electricity consumption.
This revision introduces the option to monitor individual vehicles using telematics systems, which provide continuous tracking of odometer readings, fuel consumption, and operational time. This data is recorded in a centralized database, streamlining project monitoring.
Additionally, the methodology has been updated to better align with net-zero transition goals by setting a cut-off date for the inclusion of new fossil fuel vehicles and ensuring compatibility with national and regional net-zero transition plans and decarbonization strategies.
It also incorporates a conservativeness deduction based on uncertainty assessment and enhances the additionality demonstration procedures by including the investment analysis option, requiring a common practice analysis, and excluding the common practice barrier.
This methodology is a revision to AMS-III.BC.: Emission reductions through improved efficiency of vehicle fleets (external) and is globally applicable to project activities that improve the efficiency of vehicle fleets and mobile machinery (e.g., fleets of trucks, buses, cars, taxis or motorized tricycles, excavators, cranes), resulting in reduced fuel usage and greenhouse gas (GHG) emissions.”
Recurring Benefits for dynaCERT Clients
This pivotal approval by Verra opens the door for many clients of dynaCERT to earn a multi-year recurring stream of valuable Carbon Credits by using the Company’s HydraGEN™ Technology. dynaCERT plans to share equally the Carbon Credit benefits registered under Verra with users of HydraGEN™ Technology.
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Quantification of GHG Reductions
In addition to providing a financial incentive derived from the sale of Carbon Credits, users deploying HydraGEN™ Technology will now have the ability to accurately quantify their GHG emissions reductions. This measurable impact is a key criterion for driving significant sales of HydraGEN™ Technology to large-scale clients.
Measurement Objectivity
A unique feature of the Methodology developed by dynaCERT is the precise, objective measurement of reduction of GHG emissions. dynaCERT’s HydraLytica™ Telematics eliminates human intervention and derives all its data from the Internal Combustion Engine’s ECU. This level of accuracy is expected to enhance the market value of dynaCERT’s Carbon Credits, as uncertainties and assumptions that often affect the valuation of competing Carbon Credits can be avoided.
Global Significance
This represents a major breakthrough for dynaCERT. Also, as dynaCERT’s HydraGEN™ Technology is designed to function on millions of engines world-wide, dynaCERT is now positioned to propose the advantages of Verra Carbon Credits on a global scale, expanding the reach and impact of the Company’s emissions-reduction solutions.
Dr. James Tansey, a director of dynaCERT and the CEO and a Director of Carbon Done Right Developments (TSX:V KLX), a public company focused on the development of carbon credits which to date has developed a portfolio of over 43,000,000 tonnes of carbon credits, stated, “The Verra Methodology is particularly suited to benefit clients of dynaCERT that wish to reduce their carbon footprint using the Company’s HydraGEN™ Technology. In addition, dynaCERT’s HydraLytica™ Telematics is expected to be very well received in Carbon Credit markets.”
Jean-Pierre Colin, Executive Vice President & Director and CFO of dynaCERT, stated, “The entry of dynaCERT into the multidimensional world of Carbon Credits marks a hugely important catalyst in our Company’s history. A new pathway has opened up which has potential to grow to become exponentially significant. The more HydraGEN™ Technology Units that dynaCERT distributes throughout the globe, the more users of the technology can apply for Carbon Credits. Through dynaCERT and Verra’s Methodology, many users of ICE engines throughout the world using dynaCERT’s HydraGEN™ Technology now have the opportunity to become validated contributors to the global effort to reduce GHG emissions.”
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Jim Payne, Chairman and CEO of dynaCERT, stated, “On behalf of the entire board of dynaCERT, I congratulate and thank our team of Carbon Credit experts, our consultants and our contributors that made this Verra step a possibility. We also sincerely thank all the professionals at Verra who worked diligently to bring this Methodology to fruition. Many of our customers that strive to improve their sustainability image have indicated that they prefer vehicles equipped with our technology. From now on our clients can capitalize on the benefits of HydraGEN™ Technology by generating future streams of Carbon Credits. Verra Carbon Credits have the potential to benefit our clients as well as our dealers and all our stakeholders, as they align with our corporate goals. I look forward to discussing our developments and objectives with our clients and dealers in the following weeks.”
About VERRA
VERRA was founded in 2005 by environmental and business leaders who saw the need for greater quality assurance in voluntary carbon markets. The organization now serves as a secretariat for CDM, VCS, JI, VIVO, Gold Standard organizations to develop the various standards and various programs they manage, as well as an incubator of new ideas that can generate meaningful environmental and social values of scale. Headquarters are in Washington, DC, and with staff working remotely in various parts of the world. VERRA is a registered 501(c)(3) not-for-profit organization in the USA.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.
READER ADVISORY
This press release of dynaCERT Inc. contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause dynaCERT’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. In particular, information relating to Verra, the Verra Methodology and Carbon Credits cannot be independently verified. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. This news release is not intended for distribution to U.S. news services or for dissemination in the United States.
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Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
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TORONTO — Great Quest Gold Ltd. (TSX-V: GQ) (“Great Quest” or the “Company”) is pleased to announce drill results from its maiden diamond drilling campaign at the Belmont project totalling 570m.
Highlights
Hole BKDD003 intersected 18m of 1.72 g/t Au from 74m including 8m of 3.72 g/t Au
BKDD003 also intersected multiple points of visible gold within the 18m zone of mineralization
BKDD003 confirms the down-dip extension of the previously intersected 6m of 6.85 g/t Au from 20m at the BK2 target
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About the Belmont Project
The Belmont Project (“Belmont”) is a Greenfield target with no historical record of gold mineralization. Belmont was discovered in 2022 through surface geochemistry and currently comprises a zone of 72 km2 situated between two major regional structures, the Khorixas-Gaseneirob Thrust and the Belmont Thrust in Namibia. Approximately 90% of the prospect is obscured by calcrete and scree cover. Limited work, including rock chip sampling, soil sampling (also calcrete sampling), trenching and a few shallow percussion drillholes, has identified 15 target areas within the Belmont corridor (Fig. 1). Multiple visible gold samples have been observed in surface rock chips, and grab sample assays peak at 145.7 g/t Au and soil sampling peaking at 1.49 g/t Au. Individual anomalies appear to coincide with smaller-scale conjugate “splay” structures located between the two thrusts. Extensive calcrete cover and a lack of detailed geophysical data has, however, limited our understanding of mineralization controls.
BK2 Target
The BK2 target area is predominantly defined by a NW/SE trend of high-grade surface float samples. Approximately 95% of the target area is covered by a 1-5m thick calcrete cover, with small patches of sulphide-rich quartz zones outcropping. The BK2 rock chip trend can be traced for approximately 1.5km, however, when combined with the down strike Annex and BK11 targets this trend increases to approximately 5km (Fig. 2). Limited outcrop suggests that the mineralization is associated with structurally controlled quartz veins hosted in altered muscovite-chlorite schists and arkosic sandstones (Fig. 3). Alteration is typically associated with mineralized zones and includes: silicification, chloritization and iron-carbonate replacement of host rock.
Diamond Drilling
A total of 570m of diamond drilling was completed as part of a maiden scout drilling campaign by the Company (Table 2). Drilling was conducted at the VG Hill target (BKDD001 & BKDD002) and the BK2 target (BKDD003 & BKDD004). The best hole, BKDD003, intersected multiple quartz and sulphide-rich zones between 74m and 92m downhole, including a 1m zone of massive sulphide comprising pyrite and pyrrhotite (Fig. 4B & C). Assay results for this hole reported 18m of 1.72 g/t Au from 74m including 8m of 3.72 g/t Au. Drilling also intersected 2 points of visible gold at 84.4m and 86.1m with individual meters only assaying 0.5 g/t Au and 0.08 g/t Au respectively (Fig. 4A). The nuggety nature of mineralization at the BK2 target has been observed in surface samples and all assays were therefore analyzed using the screen fire assay method. It is, however, expected that due to the nuggety nature of this system, some gold might be missed even while using the screen fire assay method.
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Down-Dip Extension
Hole BKDD003 was intended to prove the down-dip extension of the previously intersected zone of 6m of 6.85 g/t Au at 20m, recorded in hole BKP0036. The mineralization intersected by hole BKDD003 proves the down-dip extension of mineralization to a vertical depth of approximately 80m (Fig. 5). The interpreted mineralized zone dips steeply (75ᵒ) to the SW and future drilling will take this into consideration. The interpreted mineralized zone can also be traced to surface where two visible gold samples as well as one grab sample assaying 15.55 g/t Au were recorded in quartz sulphide float. The newly discovered mineralized zone remains open in all directions.
Future Work
Recent drilling has proven the in-situ continuity of high-grade gold mineralization within the Belmont corridor. Detailed surface mapping coupled with detailed core logging indicates that mineralization within the Belmont Project is likely controlled by shearing and faulting. As is generally the case for Orogenic gold mineralizing systems, understanding these structures will be key to predicting mineralized traps. In order to delineate these structures better, the Company has embarked on a large drone-based magnetic survey, covering the entire Belmont Project. The Company has also collected in excess of 3,000 surface samples, both soil and calcrete, which will be submitted for analysis shortly. The combination of detailed surface mapping, surface geochemistry and magnetic surveys will be used to refine drilling targets in the coming months.
Table 2: Table showing the coordinates of holes drilled by the Company.
Hole ID
X
Y
Z
Azimuth
Dip
Depth (m)
BKDD001
503084.9
7743768
1008
185
60
150
BKDD002
503036.8
7743666
1006
15
50
130
BKDD003
503162.2
7739441
1009
170
60
140
BKDD004
503407.4
7739309
1012
160
60
150
“We are excited about the new developments in the Belmont Project”, commented Dr. Andreas Rompel, President and VP Exploration of Great Quest, “the shear size in strike kilometres, the presence of mineralized multiple and thick quartz veins, and the occurrence of visible gold encourages us to focus on Belmont with the next drilling campaigns.”
Quality Assurance & Quality Control (QA/QC)
All sample assay results have been monitored through the Company’s quality assurance / quality control (QA / QC) program following E2941 − 21 Standard Practices for Extraction of Elements from Ores and Related Metallurgical Materials by 4 acid Digestion with ICPOES finish. Drill core was sent to an independent laboratory, African Laboratory Specialists Namibia (“ALS”), for analysis. ALS is an independent laboratory, located in Kombat, Namibia. Core samples were prepared using the ASTM procedures. Sample size: 3 kg, crushed split to 250g weighed sample (+/- 0.5000g).
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Qualified Person
The scientific and technical information in this release has been reviewed and approved by Dr. Andreas Rompel, Pr.Sci.Nat. (400274/04), FSAIMM, the Company’s “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Change of Transfer Agent
Great Quest also announces the appointment of Odyssey Trust Company (“Odyssey”) as the Company’s registrar and transfer agent. Odyssey will now be responsible for all transfers of Great Quest’s shares through their office in Toronto rather than Computershare Investor Services Inc., which has resigned at the Company’s request. Shareholders need not take action in respect to the change in transfer agent and register.
About Great Quest
Great Quest Gold Ltd. is a Canadian mineral exploration company focused on developing high-potential gold and lithium projects in Namibia, Morocco, and Mali. The Company’s flagship asset is the Damara Gold Project in Namibia, which includes the Khorixas, Omatjete, and Outjo projects, covering over 300,000 hectares. Khorixas has yielded high-grade grab samples up to 49.9 g/t Au, while Omatjete and Outjo present significant gold and lithium opportunities. In Mali, Great Quest is advancing the Sanoukou Gold Project, a 24 km² concession in the Kayes region. Great Quest Gold Ltd. is listed on the TSX Venture Exchange under the symbol GQ and on the Frankfurt Stock Exchange under the symbol GQM.
ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST GOLD LTD.
Jed Richardson
CEO and Executive Chairman
Disclaimer for Forward-Looking Information
This news release may contain forward-looking statements. Forward-looking statements include, without limitation, the mineralization and prospectivity of the Belmont Project, exploration of the BK2 target, the Company’s exploration program and the Company’s future plans. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.
Not for Distribution to United States News Wire Services or for Dissemination in the United States
CASA GRANDE, Ariz. & TORONTO — Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce that it has filed and been receipted for a preliminary short form prospectus in connection with its bought deal offering of 20,700,000 common shares in the capital of the Company (the “Common Shares”) at a price of C$1.45 per Common Share (the “Issue Price”) for gross proceeds to the Company of C$30,015,000 (the “Offering”), as further described in the press release of the Company dated September 24, 2024. Pursuant to the Offering, the Company also granted the underwriters an over-allotment option to purchase at the Issue Price up to an additional 15% of the Common Shares issued in connection with the Offering, which option is exercisable, in whole or in part, by the underwriters at any time until and including 30 days after the closing of the Offering.
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In connection with the Offering, the Company has entered into an underwriting agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, together with a syndicate of underwriters including Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. and TD Securities Inc.
The preliminary short form prospectus relating to the Offering is accessible on SEDAR+ ( www.sedarplus.ca) under the Company’s issuer profile.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities.
The securities offered in the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Neither the Toronto Stock Exchange nor the regulating authority has approved or disproved the information contained in this press release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com) ASCU’s objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer Projects that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company’s principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus Project is the Company’s 100%-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus Mine once it becomes a producing asset. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.
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Forward-Looking Statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering, the receipt of regulatory approvals, and the future plans or prospects of the Company. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: risks relating to the ability of the parties to complete the Offering on the terms described in this news release or timing currently expected, or at all, market conditions, future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory approvals.
Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. 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 statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual information form and management’s discussion and analysis which is available on SEDAR+ at www.sedarplus.ca.
The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.
OAKVILLE, Ontario — Harvest Portfolios Group Inc. (“Harvest”) announces the following distributions for Harvest High Income Shares ETFs for the month ending September 30, 2024. The distribution will be paid on or about October 9, 2024 to unitholders of record on September 27, 2024 with an ex-dividend date of September 27, 2024.
Harvest has established a Distribution Reinvestment Plan (“DRIP”) for all classes of Harvest High Income Shares ETFs, allowing investors to easily benefit from compounding their distributions on a monthly basis. Harvest High Income Shares ETFs listed on the Toronto Stock Exchange (TSX) are eligible for the Distribution Reinvestment Plan, provided that their investment dealer supports participation in the DRIP. Investors may opt into the DRIP by contacting their investment dealer, otherwise distributions will be paid in cash.
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You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the TSX. If the shares are purchased or sold on the TSX, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning shares of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. An investment fund must prepare disclosure documents that contain key information about the investment fund. You can find more detailed information about the investment fund in these documents.
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The Shelf Prospectus and the Prospectus Supplement are accessible on SEDAR+.
TORONTO — CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today that it has entered into an agreement to sell (the “Offering”) debentures with an aggregate principal amount of $325,000,000, carrying an interest rate of 6.00% payable semi-annually, and maturing on September 20, 2027 (the “Debentures”). The Debentures have a provisional rating of Baa3(Stable)by Moody’s.
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“We’re pleased with the outcome. The offering was significantly oversubscribed and generated the highest level of demand we’ve received for any of our recent Canadian-only offerings, which resulted in a favourable coupon,” said Kurt MacAlpine, CI Chief Executive Officer. “This transaction will reduce the balance on our credit facility and therefore be leverage neutral.”
The Offering is being made under CI Financial’s previously filed base shelf prospectus dated November 18, 2022 (the “Shelf Prospectus”) and is being led by TD Securities Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., and National Bank Financial Inc. CI Financial intends to use the net proceeds from the sale of the Debentures to refinance existing indebtedness, with the remainder of the proceeds, if any, to be used for general corporate purposes.
Delivery of the Shelf Prospectus, the prospectus supplement dated September 17, 2024 (the “Prospectus Supplement”), and any amendments to the documents will be satisfied in accordance with the “access equals delivery” provisions of applicable securities legislation. The Shelf Prospectus and the Prospectus Supplement are accessible on SEDAR+ ( www.sedarplus.ca) under CI Financial’s issuer profile. An electronic or paper copy of the Shelf Prospectus, the Prospectus Supplement, and any amendment to the documents may be obtained, without charge, from TD Securities Inc. by phone at 416-982-5676 or by e-mail at TDCAN-Syndicate@tdsecurities.com and from RBC Dominion Securities Inc. by phone at 416-842-6311 or by e-mail at torontosyndicate@rbccm.com, by providing the contact with an email address or address, as applicable.
The closing of the offering is scheduled for September 20, 2024 and is subject to certain customary conditions.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About CI Financial
CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, CI Financial has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite. CI Financial manages, advises on and administers approximately $509.2billion in client assets (as at August 31, 2024).
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CI Financial operates in three segments:
Asset Management, which includes CI Global Asset Management, which operates in Canada, and GSFM, which operates in Australia.
Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, Coriel Capital, CI Direct Investing and CI Investment Services.
U.S. Wealth Management, which includes Corient Private Wealth, an integrated wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.
CI Financial is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX). To learn more, visit CI Financial’s website or LinkedIn page.
CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial Corp.
Note Regarding Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information may relate to our future outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategy, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “does not anticipate”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. These statements include, without limitation, statements regarding the Corporation’s intentions and expectations with respect to the Offering, the terms and conditions of the Offering, the expected closing date for the Offering, and the use of proceeds for the Offering.
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Undue reliance should not be placed on forward-looking information. The forward-looking information in this press release is based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Further, forward-looking information is 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 information, including but not limited to, those described in this press release. The belief that the investment fund industry and wealth management industry will remain stable and that interest rates will remain relatively stable are material factors made in preparing the forward-looking information and management’s expectations contained in this press release and that may cause actual results to differ materially from the forward-looking information disclosed in this press release. In addition, factors that could cause actual results to differ materially from expectations include, among other things, general economic and market conditions, including interest and foreign exchange rates, global financial markets, the impact of pandemics or epidemics, changes in government regulations or in tax laws, industry competition, technological developments and other factors described or discussed in CI Financial’s disclosure materials filed with applicable securities regulatory authorities from time to time. Additional information about the risks and uncertainties of the Corporation’s business and material risk factors or assumptions on which information contained in forward‐looking information is based is provided in the Corporation’s disclosure materials, including the Corporation’s most recently filed annual information form and any subsequently-filed interim management’s discussion and analysis, which are available under our profile on SEDAR+ at www.sedarplus.ca.
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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, which speaks only as of the date made. The forward-looking information contained in this press release represents our expectations as of the date of this news release and is subject to change after such date. CI Financial disclaims any intention or obligation or undertaking to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.
TORONTO — dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is pleased to announce that it will be conducting an intense marketing campaign in Germany from September 16, 2024 to September 25, 2024 and welcomes international participants to meet with senior management on these occasions.
The purpose of the marketing campaign will be to increase awareness of dynaCERT’s HydraGEN™ Technology which is designed to reduce fuel consumption and reduce carbon emissions in diesel engines. As well, the Company will use this opportunity to introduce its new President, Bernd Krueper, to shareholders and other parties interested in dynaCERT while also meeting with Jim Payne, the CEO and new Chairman of dynaCERT.
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Next week, Bernd Krueper will be on site at the IAA TRANSPORTATION 2024 in Hannover, Germany, to hold talks with representatives from politics and the automotive industry. The event is the leading international platform for logistics and transport and the most important global forum for important topics of the future in the industry. This Automotive Exhibition for Commercial Vehicles is devoted to the main topics of infrastructure for transport and commercial vehicles.
Bernd Krueper, President of dynaCERT, stated, “The leading trade fair for commercial vehicles in Hannover is an excellent platform for us to talk to interested and potential customers and investors from around the world. The hydrogen technologies of dynaCERT that retrofit diesel engines constitute an economically attractive contribution to environmental protection. Out of necessity, diesel engines will continue to be in use in many areas of modern society for a long time. We at dynaCERT are proud to be able to offer an innovation that is designed to reduce fuel consumption and pollution. Based on my decades of global experience in the world of engines, increasing ESG demands solutions that the transportation industry urgently needs and dynaCERT has such a solution available today.”
Additionally, in Munich, Germany, Bernd Krueper and Jim Payne will hold talks with existing shareholders and interested parties at investor events scheduled from September 23, 2024 to September 25, 2024.
Jim Payne, Chairman and CEO of dynaCERT, stated, “The mobility sector has been greatly influenced by political decisions and financial incentives in recent years. Although these efforts are commendable, our HydraGEN™ Technology is not dependent on such incentives, as our HydraGEN™ Technology is designed to reduce capital costs through ongoing fuel savings. Many of the clients of our customers that strive to improve their sustainability image have indicated that they prefer vehicles equipped with our technology. I look forward to discussing our developments and goals with our shareholders in the following weeks.”
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.
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READER ADVISORY
This press release of dynaCERT Inc. contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause dynaCERT’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. This news release is not intended for distribution to U.S. news services or for dissemination in the United States.
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
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The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.
TORONTO — dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is pleased to announce the September 2024 shipment of its proprietary HydraGEN™ Technology to three major open-pit mines located in Brazil and Peru, South America. This latest shipment, totalling 119 HydraGEN™ Units, including both the flagship HG1 and HG2 models, is part of a significant purchase order received through one of the Company’s dealers, with payment structured in stages.
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Additionally, dynaCERT has secured new purchase orders from two more dealers, one in Mexico and another in Australia. These orders include eight HydraGEN™ units, with two larger units designated for coal mining operations in Australia, and six units intended for transportation companies in Mexico.
These purchase orders of dynaCERT’s HydraGEN™ Technology for its customer follow positive results of several pilot projects over the course of two years as previously announced by dynaCERT, whereby its dealer had advised dynaCERT that the Company’s HydraGEN™ Technology had been installed at certain mining operations located in South America. These installations were pilot projects to test the numerous benefits and impacts of dynaCERT’s HydraGEN™ Technology on mining equipment with the intent that successful pilot projects can result in the adoption of HydraGEN™ Technology to be used for mining equipment and mining fleet applications such as Class 8 trucks hauling ore from mines to a port or smelters. Following the completion of such pilot projects, the dealer has indicated to dynaCERT that it has reported very compelling results to such mining and resource companies involved in pilot projects which evaluated dynaCERT’s HydraGEN™ Technology, including its customer for these purchase orders. The client has also used HydraGEN™ Technology purchased in June 2024 deployed in underground mining.
Ed Cordeiro, Director of Sales for the Americas at dynaCERT, commented, “Our South American dealer has successfully positioned HydraGEN™ Technology as a strategic tool for international mining companies aiming to meet their corporate ESG objectives, particularly in reducing carbon footprints while achieving significant fuel savings. Our Carbon Emission Reduction Technology systems, which produce hydrogen gas for mining operations, have demonstrated the dual benefits of economic savings and environmental impact by lowering fuel consumption and emissions.”
Jim Payne, Chairman & CEO of dynaCERT, added, “We are proud to support our mining, resource, and logistics clients who continue to rely on our HydraGEN™ Technology. The growing global adoption of our products, driven by successful pilot projects and repeat orders, reaffirms our commitment to reducing fuel consumption and carbon emissions in diesel engines worldwide. Our mission to advance Greenhouse Gas Emission reductions on a global scale is more robust than ever.”
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About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.
READER ADVISORY
This press release of dynaCERT Inc. contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause dynaCERT’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. This news release is not intended for distribution to U.S. news services or for dissemination in the United States.
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
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Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
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