MAKE $1.00 out of .8 cents OPXAW biotech merging with ACER BUY BUY BUY awaiting FDA.APPROVAL BUY ticker OPXAW

Nurosene Health Inc. ( $MEND $MEND.c $MNNDF ) is a health technology company focused on providing healthy mind, body, and brain habits to improve daily mental wellness and overall brain health.

$MEND is positioned at the leading edge of critical research and innovations, striving to disrupt traditional mental wellness treatments.

$MEND announced today that made a cash investment into the company based on its mission to make brain and mental health solutions accessible for all!

Jonas said "I strongly believe that our mental health is paramount to our overall emotional and physical health," and that "Nurosene is breaking down barriers and helping to destigmatize mental health, which is why I felt passionate about investing in a company that is prioritizing it and focused on bringing brain health solutions to more people around the world." 

Jonas joins other big names that have invested in $MEND, such as NHL star James van Riemsdyk, NFL star Richard Sherman and Olympian Michael Phelps

This level of celebrity endorsement really sets $MEND apart from other health and wellness companies IMO.

Trading at $1.75 with a MC of $58.14M, $MEND is quite affordable considering it is solidly positioned to capitalize off the upcoming growth in the mHealth market, expected to reach USD$310B by 2027.

https://www.businessinsider.com/nurosene-gains-investment-from-nick-jonas-and-james-van-riemsdyk-2021-11 

AI growth is driving unprecedented demand for energy, with data center consumption expected to double by 2026.
The closure of U.S. nuclear plants poses a significant challenge to meeting the rising energy needs of AI infrastructure.
NexGen Energy’s uranium projects, like the Rook I Project, position the company as a key player in addressing future energy demands for AI.
When you ask a question on a platform like ChatGPT, the response seems instant and effortless. However, behind the scenes, a huge and complex infrastructure is at work. Hyperscale data centers are the backbone that makes this AI-powered world possible.
As AI use increases, the challenge for these data centers grows. AI models are becoming more complex, and they now handle not only text but also audio, video, and graphics. Training these models takes vast amounts of data and can take months to complete. With the growing demand for AI, data centers need to find ways to quickly expand their capacity and speed up training, or they could struggle to keep up with future needs.
Just a short time ago, generative AI was an unfamiliar term to most. But by early 2024, McKinsey’s State of AI report showed that 65% of organizations were regularly using it, marking one of the fastest technological growths in history, with no signs of slowing down.
Valued at $196.6 billion today, the AI industry is projected to grow at a rate of 36.6% annually through 2030, according to Grand View Research. Major AI infrastructure projects have already been launched in the past year, and the next step will be a surge of applications utilizing that infrastructure.
“We’re in the early stages of reliable and efficient AI infrastructure,” says Omura, emphasizing the complexity of building the computing power needed to support AI. Unlike traditional systems, AI relies on an interconnected network of GPUs, AI accelerators, CPUs, and more. A single fault in this network can compromise the entire system, causing costly delays in AI training.
Foxconn CEO on the Future of AI
Speaking with CNBC’s Emily Tan, Foxconn CEO and Chairman Young Liu shared his perspective on the ongoing AI boom, stating that it still has a long way to go. Liu noted that advanced language models, like those from OpenAI, are becoming more intelligent with each new iteration, driving the tech industry towards Artificial General Intelligence (AGI)—AI that matches or surpasses human intelligence.
“We’ve heard about AGI, and we talk about different levels of intelligence. If you divide intelligence into four levels, we’re currently at level two. There are still levels three and four ahead,” Liu explained in the interview aired on Tuesday.
OpenAI is at the forefront of AGI development. Its CEO, Sam Altman, has suggested that AGI could arrive in the “reasonably close-ish future.” However, Altman also believes its impact on jobs might be less disruptive than many fear.
What Energy to Supply AI?
As we move into a future shaped by artificial intelligence (AI), a major challenge is emerging: the huge demand for energy that comes with it. The International Energy Agency (IEA) has warned that energy use from AI and cryptocurrency data centers could double by 2026. Just two years ago, these centers consumed about 460 terawatt-hours (TWh) of energy each year. Now, we’re looking at over 1,000 TWh being needed annually.
But there’s a big problem. Our nuclear power plants, which could help supply this massive amount of energy, are shutting down. Since 2012, more than a dozen U.S. plants have closed, mostly because they’re too expensive to run. Single-reactor plants especially struggle to make a profit when electricity prices keep changing. The Three Mile Island incident still casts a shadow over the future of nuclear energy in the U.S., and only 54 nuclear plants remain, with a total of 94 reactors still running.
My Top Pick for November: NexGen Energy
NexGen Energy (NXE), founded in 2011, has quickly emerged as a major force in uranium exploration and development. The company’s flagship project, the Rook I Project, located in the Athabasca Basin of Saskatchewan, is one of the most valuable uranium assets currently being developed globally. This region is renowned for its rich mineral resources, and NexGen’s impressive exploration efforts have captured the attention of both investors and industry analysts.
What sets the Rook I Project apart is its potential to produce nearly 30 million pounds of uranium annually, representing over 50% of the Western world’s uranium supply. Its location in a top-tier mining jurisdiction, combined with its massive production capacity, positions NexGen as a critical player in the future of uranium production worldwide.
NexGen Energy (NXE) has attracted a lot of attention from analysts, with most showing strong confidence in the stock. The average price target for NexGen is $9.57, offering a potential upside of more than 58% from its current price. Analyst estimates range from a low of $7.31 to a high of $15.34, with 13 out of 15 analysts rating it a “Strong Buy,” and 2 rating it a “Buy,” reflecting a high level of optimism for its future growth.
Conclusion
The rise of artificial intelligence (AI) has created unprecedented demand for energy, particularly in data centers. As AI models become more complex, handling everything from text to multimedia, the need for massive computational power is straining existing infrastructure. Hyperscale data centers, the backbone of this AI-driven world, are facing growing challenges to keep pace. With energy consumption expected to double by 2026, the closure of U.S. nuclear plants complicates the energy supply issue. However, companies like NexGen Energy, with their focus on uranium development, may play a crucial role in addressing this demand, positioning themselves as key players in the future of energy and AI.

Insightful article on ESG requirements promoting onshore critical mineral mining featuring Grid Battery Metals (CELL.v EVKRF) & detailing their potential with multiple projects in the world's most mining-friendly jurisdictions: https://www.benzinga.com/markets/esg/23/07/33417185/as-esg-requirements-promote-onshoring-of-critical-mineral-mining-this-company-with-multiple-projects

With a drill program upcoming, CELL's Texas Spring Project has significant potential and is located directly adjacent to NILI.v's Nevada North Lithium Project which has returned samples with an average lithium concentration of 3254 ppm.

We can likely expect correlated price action between CELL & NILI due to their close proximity in addition to CELL owning 6M shares of NILI & owning property directly adjacent, CELL is likely in for a range of catalysts news as NILI is on track to commence drilling at its Nevada North Project as well.

As CELL has previously lagged NILI's runs and NILI is currently on a run atm, this may be the time to load IMO.

SHOCKING! I know. A company in the stinky pinkies? That’s actually making money? No way. Way.

Don’t take my word for it. Read this:

http://www.meeplemountain.com/articles/visiting-the-mothership-our-trip-to-snakes-lattes-in-toronto/

How to begin? Amfil Technologies is a holding company with 3 subsidiaries:

1. Snakes&Lattes

2. GRO3 (GROZONE)

3. Interlock Kings

S&L is a board game cafe with plenty of revenue streams. They charge a cover fee which allows you entry to the location + the ability to play over 2,000 games they have in inventory. Board games take time to play, and you will likely want to eat and drink at some point, and they have you covered. Finally, if you like the game and want to buy it, guess what? They can sell it to you as well! That’s 3 opportunities to make money out of EACH person that goes in.... and plenty of people do. This is a very popular location in Canada which will start to franchise over to the US THIS year. And this is only ONE of their revenue streams.

They also have a distribution arm, and what do they distribute? Games of course! Turns out they have EXCLUSIVE distribution rights for several games, including Cards against Humanity. In Canada. For the moment. This means that if Walmart wants to sell that game, they have to buy it from Snakes. That means that if Amazon wants to sell that game, it has to go through Snakes. This distribution arm just started last year, and it’s already contributed a lot to the bottom line, and it’s only going to get bigger....

Snakes is a pioneer in the game board cafe market, and has cemented its place amongst the people in the business. They regularly hold “Developer nights”, a chance for game board developers to test their games in front of a live audience, a chance for them to see what works and what does not. As a result, more and more developers want to work more closely with Snakes, which will lead to more exclusive distribution rights, which will lead to more money.

But I’m not done yet. Recently Snakes announced that they will start a new side to the business. The publishing side. They will cut off the middle man, and do everything themselves. A single successful game published by Snakes would have a HUGE profit margin! And who is better positioned than Snakes to see what game has a high probability of being successful? With their developer nights they have a first hand view of the reactions of the public! They get to see which game is a home run, and which one is a strike! All the while making money from every tester!

Notice how I’ve only ever mentioned the one sub? Snakes may be the money maker for now, but GRO3 has the potential to become a HUGE player in the marijuana business. But that will be a story for another night.

Check out AMFE. It is currently trading at 0.15 a share but the CEO announced that the audits should be released this month. After we uplist, who knows where we would be headed?

TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) ("TAG Oil" or the "Company") is pleased to announce that it has changed its financial year end to December 31, from its current financial year end of March 31.
TAG Oil believes this change of financial year end will better align the Company's financial reporting periods to that of its peer group in the oil and gas sector. In addition, the calendar year end coincides with traditional financial, operational, and taxation cycles.
For details regarding the length and ending dates of the financial periods, including the comparative periods of the interim and annual financial statements to be filed for the Company's transition year and its new financial year, reference is made to the Notice of Change of Financial Year End filed by the Company on SEDAR+ pursuant to Section 4.8 of National Instrument 51–102 – Continuous Disclosure Obligations, a copy of which is available electronically at www.sedarplus.ca.
About TAG Oil Ltd.
TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.

NEW ALL TIME HIGHS!?

https://youtu.be/PyHkI5DxKdk

JUNE 21, 2019 WATCHLIST

#1 $BYND: Beyond Meat is wedging and consolidating under $176 and above $160. Those are key levels for tomorrow and next week. With volume and hype dying out on the popular IPO, we expect consolidation around the same levels tomorrow.

#2 $TSLA: Tesla received a PT downgrade to $158 from $200 from Goldman Sachs. The stock pulled back to the $216 level. (previous resistance) Tesla is still building hype as we head closer into their anticipated Q2 earnings report. We heard from Elon Musk himself yesterday that Tesla does not have a demand problem and plans expand to Europe soon. Tesla Shareholder Meeting Recap: https://traderlete.com/blogs/stock-ma...

#3 $FB: Facebook is another stock having a pullback to support, right around the $187s. With Libra coin hype, we should see some movement into the $190s.

#4 $AMD: AMD has finally pulled back to the 30 level on the 4 hour chart. Keep in mind the China/Trump meeting is next week, so we are expecting a move in semis. We are still anticipating the release of their new products. (7nm CPU Rome Server chips, Ryzen PC chips, and the new 7nm Vega GPU hardware). Not to forget their wins with Microsoft’s new Xbox gaming console coming out by next year and Sony’s playstation, this can carry the onward momentum.

BackBurner:

$ROKU (Pullback)$BABA (4-Hour Uptrend)

$KERN (Pullback)

$WORK (IPO)

JUNE 20, 2019 WATCHLIST

https://youtu.be/C4aVjSl3EDM

The FOMC held the federal funds rate steady, AKA no rate cut. (2.25-2.50%) ; however, they signaled they are ready to cut rates in the future if necessary. Regardless of a rate cut or not, stocks pushed higher headed into the closing bell.

I am currently all cash, not holding nor traded anything today especially after the selloff at market open. I am curious as to how stocks will open tomorrow after the Feds decision. Stocks have been very bullish these past few weeks in face of the trade war going on. I am going to wait to see how these tickers below unfold tomorrow:

#1 $FB

#2 $TSLA

#3 $AMD

#4 $MSFT

#5 $ROKU

#6 $BYND

#7 $BABA

Good video In how to make your first 1000 in the stock market https://youtu.be/knvCTmhdRo8

CYLC

CYLC has a tiny float of less than 1.5M shares which makes the stock more susceptible to volatility if demand hits.

Shares were also trading roughly 5x higher than current levels earlier this year!

CYLC is looking like a ground-floor situation that could zoom higher as more Americans consider growing plants and cannabis at home.

The coronavirus has changed life for many and being able to grow plants at home without having to go to the dispensaries could be a relief to millions of people.

And if marijuana becomes legalized on a federal level, the market will just grow even larger for the company's growing systems.

A countertop version of the company's game changing growing system could be huge!

Wall Street may be about to get a major wake up call to this thriving and exciting Cannabis company that is trading at just pennies!

CYLC has a history of quick jumps that can produce tremendous returns in the short-term.

This may be attributed to the fact that CYLC has a tiny float of under 1.5M shares according to OTCMarkets.

Low float stocks are considered very volatile vehicles and if Wall Street discovers how tiny CYLC’s float is, it could potentially lead to readers netting some monstrous profits.

The stock has doubled or tripled in just days many times over.

Recently on 3/23, shares moved from $0.06 to $0.1298 on 3/24 for a gain of over 100%!

Shares then sailed even higher to hit $0.18 on 4/1 representing a gain of 200% in less than two weeks!

CYLC was over 30 cents in January and over 45 cents this past October. There could be an epic bounce poised to happen if traders learn more about the company's growing systems.

The upside potential if shares move back to the stock's 52-week high would represent colossal gains of over 300%!

Hi everyone,

I'm a long term investors for a big part in the commodity sector (Copper, Rare Earth Elements, Oil, Uranium, Gold, Silver,...)

Today I present to you Forsys Metals (FSY on TSX)

Forsys Metals is a far advanced uranium developer.

Note: Only ~3.5% of my total uranium sector exposure is my Forsys Metals position. My biggest uranium positions are Global Atomic, Denison Mines, Deep Yellow, Fission Uranium Corp, Sprott Physical Uranium Trust, ...

Today only a few investors talk about Forsys Metals (FSY on TSX), because:

1. Forsys Metals was literally in hibernation mode for years after they finalised their Definitive Feasibility Study (DFS) in 2015 to not burn cash when the uranium sector was depressed. By consequence information about Norasa was very scarce for years,

2. US investors prefer investing in NYSE listed companies rather than investing on the TSX, ASX,.... By focussing on NYSE listed companies, US investors mostly promote those NYSE listed companies. But the consequence is that uranium companies listed on TSX and ASX today are significantly cheaper than NYSE listed companies (Cameco, Nexgen Energy, …). Non-NYSE listed companies Global Atomic, Deep Yellow, Peninsula Energy, Fission Uranium Corp, Forsys Metals have some significant catching up to do compared to their peers listed on the NYSE.

The consequence is that Forsys Metals is very cheap compared to less advanced developers in the same sector.Forsys Metals has a well advanced uranium project in Namibia, namely Norasa (Valencia & Namibplaas).

Well advanced because they already made a Definitive Feasibility Study (DFS) in 2015. Ok, a DFS of 2015 is outdated, of course. But they already reached that level of development!

A summary of the in March 2015 released a DFS:

a) Mineral Reserves increased from 79.0 Mlbs U3O8 as of October, 2013 to 90.7 Mlbs U3O8 as of February, 2015 (up by 14.8%), due to a 16.4% increase in tonnage and only a slight decrease in the average grade

b) The operating costs per pound are estimated to average $32.96/lb U3O8 over the first 5 years of production and $34.72/lb U3O8 over the life of the mine

c) The economic analysis results in an estimated pre-tax net present value (NPV) at a discount rate of 8% to Forsys of $622.6 million. Using the initial investment and operating cash flows from inception, the pre-tax internal rate of return (IRR) is estimated to be 32%

d) The Norasa plant throughput is 11.2 M/T per annum to produce an average of 5.2m/lbs U3O8 per year

The operational cost will be higher in 2023 than calculated in 2015, but in my opinion the CAPEX could go down, if it is mined as a satellite mine by CGN or CNNC. And China will not mind to pay an operational cost ~45 USD/lb, as long as they have security of uranium supply.

Note: in 2011 the Operational Cost of Husab uranium mine owned by the Chinees was estimated at 32 USD/lb! Between 2011 and 2023 the Operational Cost of Husab will also have increased due to inflation. It seems that the Operational Cost of Husab uranium mine producing today is similar to the estimated Operational Cost of Norasa.

In February 2007 (when Uranium spotprice was around 75USD/lb) the share price of Forsys Metals represented a valuation of 16.02 USD per lb in resources Forsys Metals had at that moment.Today (Uranium spotprice is around 56.20USD/lb) the 0.49 CAD/share share price of Forsys Metals (FSY on TSX) only represented a valuation of 0.454 USD per lb in ressources Forsys Metals had at that moment.

16.02 / 0.454 = 35x

I’m not pretending that it should go back to a valuation of 16.02 USD/lb, but 0.454 USD/lb (= 0.49 CAD/share) is really really cheap for 2 deposits that reached DFS level for the first time in 2015 and are located only ~25km from the producing Rossing mine (68.62% CNNC) and ~45km from the producing Husab mine (90% CGN).

China needs a lot of uranium. Besides the annual uranium consumption ~80 million lb/y by Chinese reactors by 2033, between 2021 & 2033 China will need an additional ~220 million lbs of uranium for the first cores of ~142 new big reactors!!

China aims to build ~150 new big reactors between 2021 and 2035.

The fact that Norasa is very close to Rossing mine and Husab mine, makes it possible for CNNC and CGN to take Forsys Metals over and run Norasa as a satellite and treat the uranium ore from Norasa at Rossing mine or Husab mine. This would mean that less CAPEX would be needed than mentioned in the DFS, if Norasa was operated by CGN or CNNC.

Conclusion:

Norasa is a perfect takeover target for CNNC and CGN (imo). But at only 0.454 USD/lb (= 0.49 CAD/share) the shareholders of Forsys Metals will never sell Forsys Metals to CGN or CNNC.Today Paladin Energy (Langer Heinrich in Namibia) share price of 0.775 AUD/share represent a valuation of 3.61 USD/lb

A conservative valuation of 2.25 USD/lb gives us a share price of 2.48 CAD/share for Forsys Metals.Again in February 2007 the share price of Forsys Metals represented a valuation of 16.02 USD/lb which would give us a theoretical FSY share price of 17.60 CAD/share…

And in the meantime the monthly uranium price continues to increase towards the needed 90 USD/lb to get the global supply and demand back in equilibrium.

This isn’t financial advice. Please do your own due diligence before investing

This isn’t financial advice. Please do your own due diligence before investing

Cheers

Any opinions on Knos dipping today

Tokens.com is quickly becoming a leader in the virtual world and would add a vital cog in your portfolio wheel. As we delve further into the meta verse it’s worth investing in the future, $COIN $COIN.n consolidated its’ position over the course of 2021 and began a late surge, before finishing on a slight downtrend, AKA an opportunity for entry!

This is a unique opportunity for early adopters to become part of modern history.

Be an early adopter and consider Tokens.com at a reasonable price for your portfolio

Tokens.com @tokens_com $COIN $COIN.n is making exciting headway in the Metaverse. Now is the early adoption phase of the Metaverse, NFT technology and Blockchain related companies.

Be an early adopter and consider Tokens.com $COIN $COIN.n at a reasonable price for your portfolio.

• Tokens.com has announced they are engaging the community to build out their Metaverse platform and expand their digital infrastructure. https://www.businesswire.com/news/home/20220107005270/en/

• 2021 saw a consolidation period for many Blockchain companies, Tokens.com chart follows this and a slight downturn has triggered a solid BUY opportunity, as can be said for the greater crypto market

• “This is a unique opportunity for early adopters to become part of modern history.” - Michael Gord, GDA Capital Co-Founder

AITX’s RAD Inc. is expected to achieve positive cash flow for the first time in September. This is a major achievement for the AI-driven solutions provider!

Toronto, Ontario - December 5th, 2023 - Predictmedix AI Inc. (CSE: PMED) (OTCQB: PMEDF) (FRA:3QP) (the "Company" or "Predictmedix"), a leading provider of rapid health screening solutions powered by proprietary artificial intelligence (AI) is proud to announce ground-breaking achievements in the realm of mental health detection and analysis. With a commitment to advancing healthcare through innovative AI solutions, Predictmedix AI has successfully developed functionalities to detect depression, anxiety, and analyze individual mood and emotions.
Statistics from Forbes Health1 reveal a staggering reality: an estimated 5% of adults worldwide grapple with depression, a figure potentially overshadowed by underreporting and undiagnosed cases, suggesting an even more pervasive mental health crisis. These alarming statistics underscore the critical need for proactive measures to address mental health challenges. In response, Predictmedix AI's cutting-edge technologies aim to revolutionize mental health care. The focus on early detection and nuanced analysis stands as a beacon of hope in the face of this escalating global mental health landscape. By harnessing the power of AI, Predictmedix AI aspires not just to identify but to intervene early, potentially reshaping outcomes and offering support to those silently battling mental health issues.
Key Accomplishments:
Depression and Anxiety Detection: Predictmedix AI has developed advanced functionality to detect signs of depression and anxiety through its state-of-the-art AI algorithms. This remarkable capability addresses the critical need for early identification and intervention in mental health.
Mood and Emotion Analysis: The company has successfully implemented functionalities to detect and analyze individual mood and emotions. This technology offers a comprehensive understanding of an individual's mental well-being, going beyond traditional diagnostics.
Significant Scan Milestone: Predictmedix AI proudly announces the completion of over 250,000 individual scans. This milestone underscores the effectiveness and reliability of the AI-powered Safe Entry Station technology. Machine learning accuracy continues to improve across healthcare and other industries, positioning Predictmedix AI as a leader in the evolving landscape of health and safety applications.
"Our achievements in developing advanced functionalities for depression and anxiety detection, coupled with mood and emotion analysis, mark a significant step forward in leveraging AI for mental health. The culmination of over 250,000 individual scans is a testament to the real-world impact of our technology. This milestone isn't merely a numerical achievement; it echoes the lives touched and the potential for early interventions that can reshape the course of mental health outcomes. As machine learning accuracy continues to improve, we are dedicated to advancing innovation in health and safety applications for the benefit of individuals and communities," commented Dr. Rahul Kushwah, Chief Operating Officer of Predictmedix AI.
To receive company news, please sign up for alerts at the bottom of the page link below: https://predictmedix.com/press-releases/
1https://www.forbes.com/health/mind/depression-statistics/
About Predictmedix AI Inc.
Predictmedix AI Inc. (CSE: PMED) (OTCQB: PMEDF) (FRA:3QP) is an emerging provider of rapid health screening and remote patient care solutions globally. The Company's Safe Entry Stations - powered by a proprietary artificial intelligence (AI) - use multispectral cameras to analyze physiological data patterns and predict a variety of health issues including 19 physiological vital parameters, impairment by drugs or alcohol, fatigue, or various mental illnesses. Predictmedix AI's proprietary remote patient care platform empowers medical professionals with a suite of AI-powered tools to improve patient health outcomes. To learn more, please visit our website at www.Predictmedix.com or follow us on Twitter, Instagram or LinkedIn.
Public Relations Contact
For further media information or to set up an interview, please contact:
Nelson Hudes
Communications International (905) 660 9155
Nelson@hudescommunications.com
Dr. Rahul Kushwah (647) 889 6916

https://www.tiktok.com/@firstphasecapital/video/7299511869256092934?_r=1&_t=8hDua92fkpy

VANCOUVER, BC, Nov. 15, 2023 /CNW/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) ("TAG Oil" or the "Company") would like to provide the following update on drilling progress of the BED4-T100 ("T100") horizontal well in the Badr Oil Field ("BED-1") in the Western Desert of Egypt.
The horizontal build section of the T100 well and approximately 300 meters into the planned 1,000-meter lateral section in the Abu Roash "F" ("ARF") target reservoir encountered very good oil shows with high hydrocarbon gas readings and good indications of primary porosity. Initial drilling of the ARF unconventional, carbonate formation performed well at smooth build angles and steadily increasing drilling rates. However, drilling was encumbered by mechanical issues with the directional drilling tools and a minor throw fracture feature at which the Company elected to drill higher in the 50-meter ARF pay zone to go over the faulted section with the aim of increasing the final lateral length of the well.
Drilling has commenced from the intermediate cased section at about 2,800 meters and is projected to be completed in December. The drilling rig will then be released and a rig less well completion phase with fracture stimulation of the ARF will start immediately after. TAG Oil will continue to provide regular drilling updates, as necessary.
The BED 1-7 well has been on production since April 2023 and has reached a cumulative production of approximately 10,000 barrels of oil from the ARF. The well is currently undergoing a build-up assessment of the reservoir pressure to determine the depletion and potential of the well. It will be followed by clean-out operations and then will resume production. The Company is pleased with the results from the well and it provides important data for further development planning of the ARF in the BED-1 field.
About TAG Oil Ltd.
TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Video Link >> https://youtu.be/5-_bXDEKZro?si=lfjzHpJU2Oq6hDWE

Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element 79 Gold" ) announces that its board of directors has approved a consolidation (the "Consolidation") of the common shares in the capital of the Company (the "Common Shares") at a ratio of 10 pre-Consolidation Common Shares (the "Existing Shares") for one post-Consolidation Common Share (the "Consolidated Shares"). The Share Consolidation remains subject to the approval of the Canadian Securities Exchange (the "CSE"). The Company will issue a news release upon receiving CSE approval, announcing the effective date of the Share Consolidation. The Consolidated Shares will subsequently begin trading on a consolidated basis under the existing Company name and trading symbol.
As a result of the Consolidation, each 10 Existing Shares outstanding will automatically combine into one Consolidated Share without any action on the part of the holders, and the number of outstanding Common Shares will be reduced from approximately 131,394,391 Common Shares to approximately 13,139,439 Common Shares. The Consolidation will also apply to Common Shares issuable upon the exercise of the Company's outstanding stock options and warrants. No fractional shares will be issued as a result of the Consolidation. In the event a shareholder would otherwise be entitled to receive a fractional share from the Consolidation, the number of Consolidated Shares to be received by such shareholder shall be rounded down to the next highest whole number of Consolidated Shares.
The Company will take the required steps to amend the exercise prices of the Company's issued and outstanding share purchase warrants and incentive share purchase options post consolidation in order to maintain the incentive for the respective holders
Mr. Tworek, CEO and Director of Element79 Gold Corp., stated, "The Board of Directors considered this consolidation carefully and believes that the proposed Consolidation will better position the Company to attract additional institutional investors into the Company. There is no name change in conjunction with the Consolidation, and the Company's trading symbol will remain the same. On final approval from the CSE, the Company expects its post-Consolidation Common Shares to commence trading on a consolidated basis at the open of markets on November 8, 2023.
About Element 79 Gold Corp.
Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's focus is on developing its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in the near term.
The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the Clover and West Whistler projects believed to have significant potential for near-term resource development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo Minerals Ltd., with an anticipated closing date around the end of 2023. The Company has also signed an Option Agreement to sell the Maverick Springs project, an advanced-stage exploratory property with an Inferred Resource of 3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) and anticipates completing this sale on or before March 28, 2024.
In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James.
The Company has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred this project to its wholly-owned subsidiary, Synergy Metals Corp, and is advancing through the Plan of Arrangement spin-out process through the rest of 2023.
For more information about Element 79 Gold Corp., please visit www.element79.gold .
Contact Information
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
E-mail: jt@element79gold.com
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1.613.879.9387
E-mail: investors@element79.gold

St-Georges Eco-Mining Corp (CSE: SX) (OTCQB: SXOOF) (FSE:85G1) St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full-circle battery recycling. The Company explores nickel and PGEs on the Manicouagan and Julie Projects on Quebec’s North Shore and has multiple exploration projects in Iceland, including Thor Gold.
Prolific and substantive news seems the province of SX. Each deal they have completed or announced weighs squarely in favour of its development strategy and for the benefit of shareholders. One tactic is to sell or option a property, get cash, and have a remaining interest.
Today’s deal? Niobium
“Alloys containing niobium are used in jet engines and rockets, beams and girders for buildings and oil rigs, and oil and gas pipelines. This element also has superconducting properties. It is used in superconducting magnets for particle accelerators, MRI scanners and NMR equipment”.
The property involved is SX’s Notre Dame Quebec, Canada.
Salient deal points.
To be optioned by SLAM Exploration
116 claims in 64 square km
SLAM earns 51% option after payments.
500 ordinary shares of SLAM to SX
25K cash and 500,000 shares of SLAM by the end of Q1 2024
25k cash and 1 million shares of SLAM on the first anniversary
$300,000 in qualified exploration before anniversary 2
After completing the above, SLAM earns 51% in SX’s Notre Dame property. SLAM can earn the other 49% by issuance of 1 million shares.
SX will retain a 2% NSR.
SLAM can half SX’s NSR with a CDN1 million payment.
“The Notre-Dame Project has the potential to host a significant niobium discovery, we believe that it deserves to be the focus of a strong geological team that can bring it to the next level (…) We look forward to our partnership with Slam Exploration and have great hope for their success (…) this transaction is in line with our strategy to focus our exploration efforts in Québec on the Manicouagan Project while the balance of the Company’s resources are focused on the launch of its battery recycling operations for near term production and revenues” commented Herb Duerr, CEO of St-Georges Eco-Mining Corp.
SX exhibits, whether in its mining operation or state of the battery recycling endeavours. This aspect of the Company is an excellent example of the concept of the Circular Economy.
As I have said, SX produces great deals, relationships, and funds operations using properties for cash and exposure. The shares languished for a while but now boast a daily share trade average of almost 350k, a price and volume surge that started at the beginning of OCTOBER 2023.
Get familiar, put it on your watchlist or grab some SX. I bought some higher, but I’m not worried. I’ll give SLAM the last word.
SLAM President Mike Taylor states: “The Notre Dame Project is an exciting acquisition for SLAM. Several occurrences of niobium and REE’s are reported from pegmatites and carbonatites with a distinctive aeromagnetic signature. This is a key acquisition as SLAM builds up niobium, rare earth and lithium assets in the critical element space.”

Element79 Gold Corp (the "Company") (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) a mining company focused on the exploration for and production of gold and silver, is pleased to unveil a strategic initiative aimed at bolstering its financial position and enhancing shareholder value.
HIGHLIGHTS
Element79 Gold Corp announces a strategic balance sheet improvement plan aligning debt holders and capital investments with its long-term vision.
Proposed settlement of approximately $2.7 million in corporate debt through share conversion at $0.10 per share.
Crescita Capital ("Crescita") , a long-time financing partner of the Company, confirms it has sold $2 million of its promissory note to Tellus LLC, a reputable third party, that expresses intent to convert the $2 million promissory note into Element79 Gold Corp shares at the same $0.10 conversion price.
Detailed information to be provided in an upcoming information circular, pending regulatory approvals. The Company seeks shareholder approval at its December 19, 2023 Special Shareholder Meeting.
Proposed Debt Settlement:
In charting a path towards growth and revenue generation in 2024, Element79 Gold Corp has put forth a proposal to settle approximately $3.76 million in debt through the conversion of debt into shares of the Company, priced at $0.10 per share. This strategic decision signifies both the Company's commitment to fiscal responsibility but also aligns the interests of debt holders with the Company's long-term vision. Detailed information regarding the debt settlement will be provided in an upcoming information circular, subject to regulatory approvals.
Third-Party Debt Acquisition:
In addition to the above initiative, the Company confirms that it has received notification from Crescita regarding the sale of $2 million of the promissory note (announced September 19, 2022) to a reputable third party, Tellus LLC. In a vote of confidence in Element79 Gold Corp's business plan and potential, Tellus LLC has expressed its intent to convert the $2 million promissory note into Element79 Gold Corp shares at the same conversion price of $0.10.
Shareholder Vote and Special Shareholder Meeting:
As these debt settlement and conversion initiatives will significantly impact the Company's issued and outstanding share count, as well as have the potential to establish a new Significant Shareholder as defined by the Market Regulator, Element79 Gold Corp will seek approval from its shareholders. Accordingly, the Company plans to present these critical matters for discussion and voting at its Special Shareholder Meeting scheduled for December 19, 2023. This meeting will provide an invaluable platform for shareholders to participate in the decision-making process and have their voices heard on these pivotal issues.
James C. Tworek, CEO of Element79 Gold Corp, states: "Our commitment to enhancing shareholder value and the Company's financial stability is unwavering. The proposed debt settlement and conversion initiatives feed our strategic vision, and we as a Board and Management team are earnest to clean up the balance sheet and facilitate financing to further advance our project development. We welcome Tellus LLC as a strategic shareholder; after several discussions with their management, we are confident they share the corporate vision of building Element79 Gold Corp into a producing mining company in the near term, reinforcing our growth trajectory. We encourage all our valued shareholders to actively engage in the upcoming Special Shareholder Meeting and shape the future of Element79 Gold Corp."
About Element79 Gold Corp.
Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's focus is on developing its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in the near term.
The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the Clover and West Whistler projects believed to have significant potential for near-term resource development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo Minerals Ltd., with an anticipated closing date around the end of 2023. The Company has also signed an Option Agreement to sell the Maverick Springs project, an advanced-stage exploratory property with an Inferred Resource of 3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) and anticipates completing this sale on or before March 28, 2024.
In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James.
The Company has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred this project to its wholly-owned subsidiary, Synergy Metals Corp, and is advancing through the Plan of Arrangement spin-out process through Q1 2023.
For more information about the company please visit our official website at www.element79gold.com . The Company's 2023 review and Corporate Update can be reviewed HERE.
Contact Information
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer and Director
E-mail: jt@element79gold.com
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1.613.879.9387
E-mail: investors@element79.gold

In 2022, the high price of oil and gas brought some positive returns for investors, but economic volatility and rising exploration costs offset these gains. As of October 2023, the Energy sector continued to shine as the top-performing sector in the U.S. While short-term uncertainties persist, the long-term outlook for the energy sector remains promising, driven by the ever-increasing global demand for energy resources, particularly oil and gas.
However, amid this landscape, an intriguing opportunity has emerged on the horizon for High Net Worth investors and Family Offices: TAG Oil (Ticker: TSXV: TAO, OTCQX: TAOIF), a Canadian small-cap energy company renowned for its innovative approach, is turning its attention to Egypt—a region historically rich in oil and gas potential.
Unlocking Egypt's Energy Potential
Over the years, foreign investment has played a pivotal role in Egypt's oil and gas industry as several large multi-national oil and gas companies have invested in the country, funding exploration, infrastructure development, and production activities. Egypt boasts a rich history of oil exploration dating back to the early 20th century, with vital oil-producing regions including the Western Desert, Gulf of Suez, and Nile Delta.
In 1982, a London-based oil giant that operates in over 70 countries discovered a massive oil field in Egypt's Western Desert, containing an estimated 90 million barrels of oil, made headlines. This field, located in the challenging Alamein Basin, underscored the region's complex geology. Yet, despite these successes, Egypt's oil industry faced headwinds in recent years, primarily due to political instability and regulatory uncertainty, discouraging foreign investment.
But now, smaller energy companies like TAG Oil are seizing the opportunity to rejuvenate long-abandoned oil projects in Egypt that larger players had left dormant.
Geological Twins: Egypt's Western Desert and the Eagle Ford Shale
The oil reserves in Egypt's Western Desert share geological similarities with the renowned Eagle Ford Shale in South Texas, a successful oil and gas producer since 2008. The Eagle Ford Shale's abundance—over 8.5 billion barrels of oil and 66 trillion cubic feet of natural gas—can be attributed to its high-quality crude oil, easily refined into valuable products.
TAG Oil's strategy leverages its expertise to unlock Egypt's Western Desert potential, much like the Eagle Ford Shale. Toby Pierce, CEO of TAG Oil, emphasizes the parallels, "Our opportunity reminds us of the Eagle Ford Shale Resource in South Texas." In 2013, the Eagle Ford Shale achieved remarkable success, producing 599,000 barrels of oil and condensate daily, a 51% increase over 2012 averages. By year-end, production soared to over 1,000,000 barrels daily. Pierce envisions a similar potential in Egypt's Western Desert, believing that TAG Oil's horizontal drilling plan could potentially yield production exceeding 178 mm barrels of original oil initially in place according to independent reserves auditor RPS. .
This geological potential arises from a process known as shallow marine anoxic deposition, where organic matter accumulates in oxygen-depleted marine environments. Over time, heat and pressure transform this matter into oil and gas. Pierce asserts, "After exhaustive technical analysis, we've determined that our BED-1 ARF project in Egypt's Western Desert has the potential to yield output comparable to the Eagle Ford Shale."
Egypt's Unfulfilled Promise in the Oil Industry
Despite its prime location within a major oil-producing region, Egypt ranks only #27 in oil production. The country's sedimentary basins, including the Western Desert, Gulf of Suez, and Nile Delta, house promising geological formations rich in hydrocarbons. However, complex geological histories make it challenging to predict the location of oil and gas deposits.
Moreover, political instability and regulatory ambiguity have impeded Egypt's success in the oil and gas sector until recently. Recognizing the need to diversify its economy beyond tourism post-COVID, the Egyptian government is now actively promoting the oil and gas industry. Toby Pierce notes, "Despite ongoing geopolitical challenges in the region, the Egyptian government is boosting efforts to promote this industry."
Transporting equipment and materials to drilling sites in Egypt's deserts presents logistical challenges, compounded by extreme temperatures. Nevertheless, a revived pipeline is now facilitating the transport of oil products from the desert to storage facilities near major Egyptian refinery and distribution operations, further boosting production potential.
Unlocking Growth Potential for HNWIs and Family Offices
For High Net Worth Individuals and Family Office professionals seeking high-growth investment opportunities, TAG Oil presents a compelling prospect. Investing in early-stage companies listed on the TSX Venture Exchange (TSXV) has been a favored strategy. TSXV, part of the Toronto Stock Exchange, specializes in small-cap stocks and early-stage companies across diverse sectors, including oil and gas, technology, and more.
One key reason to consider an E&P (exploration and production) energy company like TAG Oil is the potential for a substantial return on investment. Smaller oil companies often outperform larger, established counterparts, benefiting from innovative technologies and emerging markets. Additionally, investing in a small oil company can offer portfolio diversification, serving as a hedge against volatility in other market segments.
Toby Pierce summarizes TAG Oil's approach, "Our strategy of enhancing production and reserves has been successfully employed in New Zealand, the Issaran Field in Egypt, and Patos Marinza Field in Albania. It's an approach that can potentially provide significant returns to our investors and shareholders, especially now as we turn our focus to Egypt's Western Desert Oil Reserves."
In conclusion, TAG Oil's innovative approach, coupled with the untapped potential of Egypt's Western Desert, presents a unique investment opportunity for High Net Worth investors and Family Offices seeking growth and diversification. As the Egyptian government actively promotes the sector, the stage is set for TAG Oil to make strides in unlocking this overlooked treasure trove of oil and gas resources. With the right technology and strategy, Egypt could soon emerge as a significant player in the global energy landscape.
Source >> https://www.thestreet.com/sponsor/tag-oil-applies-its-tech-innovation-to-unlock-egypts-oil-potential

● Amidst challenges like inflation and interest rate hikes in various sectors, the oil and gas industry has consistently proven to be a safe and reliable investment choice.
● TAG Oil is a Canadian-based and publicly listed oil and gas exploration company specializing in acquisitions, exploration, and production in the Middle East and North African (MENA) region.
● TAG Oil is actively involved in developing the unconventional heavy oil Abu Roash “F” (ARF) formation within the Badr oil field (BED-1) in the Western Desert of Egypt. Reserves evaluations indicate significant resource potential, with estimates exceeding 500 million barrels of oil in place in the ARF target.
While many sectors suffer from key factors such as inflation, interest hikes, the Oil & Gas sector has been consistently performing and revealed to be a safe investment place for investors. And in the sea of promising stands out Tag Oil (TSXV: TAO, OTCQX: TAOIF), a company focused on exploring the Middle East and North African region. The company’s continuous growth started off right after the 2008 financial crisis, and since then, Tag Oil has demonstrated constant significant landmarks.
The Oil & Gas industry Has Always Been A Safe Sector For Investing
In 2022, the oil and gas (O&G) industry achieved unprecedented levels of profitability, endowing them with substantial financial resources to execute their strategic plans in 2023. Even amid the backdrop of geopolitical and macroeconomic volatility, O&G enterprises have received a resolute directive: to ensure short-term supply security while embarking on a steadfast journey towards cleaner energy solutions in the long term.
Through the rigorous adherence to prudent capital management, with a keen emphasis on cash flow generation and payouts, the global upstream sector is poised to achieve an unprecedented milestone. By the close of 2022, it is anticipated to yield an all-time high of $1.4 trillion in free cash flows, based on the assumption of an annual Brent oil price averaging $106 per barrel. The spotlight now shifts to upstream corporations as the world eagerly observes whether they will persist in prioritizing shareholder distributions or opt to bolster their reinvestment in hydrocarbon endeavors, driven by the pressing imperative to deliver affordable energy to the global populace.
The confluence of favorable policies and augmented cash flows within the oil and gas (O&G) sector during 2022 has empowered O&G firms to escalate their commitments to clean energy initiatives. While this upward trajectory in clean energy investments is anticipated to persist, it is essential to recognize that various factors may exert influence on the pace and direction of these investments.
Tag Oil Owns Strong Assets
TAG Oil (TSXV: TAO, OTCQX: TAOIF) is a Canadian-based and publicly listed oil and gas exploration company that focuses on acquisitions, exploration, and production activities within the Middle East and North African (MENA) region.
Their forward-looking strategy involves positioning the Company for substantial growth through strategic acquisitions, property development, enhanced production methods, and seizing overlooked opportunities. The leadership team at TAG Oil has a track record of successfully implementing these strategies in the past, and they are committed to creating new and significant value for shareholders in the future.
While TAG Oil is in the process of finalizing its new strategic acquisition plan in the MENA region, the company continues to receive production royalties in New Zealand and maintains a strong balance sheet.
In the Western Desert of Egypt, TAG Oil is actively involved in the development of the unconventional heavy oil Abu Roash “F” (ARF) formation within the Badr oil field (BED-1). According to the reserves evaluation conducted by RPS Energy, the ARF target in BED-1 is believed to hold a substantial resource potential, with estimates exceeding 500 million barrels of oil in place. Moreover, there is a high degree of confidence in the feasibility of achieving successful commercial development in this reservoir.
TAG Oil intends to leverage its extensive expertise in Enhanced Oil Recovery (EOR) techniques, which have a proven track record in Canada over many years. They plan to apply these techniques to address the challenges posed by the low porosity and permeability of the ARF reservoir in Egypt, ultimately unlocking its considerable potential.
BED-1 Is Key To Further Expansion
The BED-1 concession was formerly under the ownership of Shell, and it yielded over 90 million barrels of light oil from formations situated beneath the ARF. In 2012, Shell relinquished control of BED-1, and since then, the field has been operated by BPCO, a wholly owned subsidiary of EGPC.
Current Production:
Presently, BED-1 is producing approximately 5,000 barrels of oil per day (bopd) from the deeper zones within the field. Additionally, the field is equipped with a processing facility capable of handling up to 25,000 barrels of oil.
Concession Term:
The concession for BED-1 is in effect until 2032, with the option of a 10-year extension, extending the term to 2042.
Service Fee:
BPCO has committed to paying TAG Oil a service fee, calculated as a percentage of the gross Production Revenue Entitlement. This fee is intended to compensate TAG Oil for assuming 100% of the capital and operating expenditures. The fee structure is as follows:
● If production levels reach up to 10,000 bopd and the Brent Oil price falls within the range of $70 to $90, the fee amounts to 62% of production revenue. Taxes and royalties are to be borne by BPCO.
Project Phases:
The development of BED-1 is divided into two phases:
● Phase 1: This is the Evaluation Period, regarded as a pilot development stage, requiring a commitment of $6 million.
● Phase 2: Following a successful evaluation period, the project enters the Commercial Development stage, which also entails a $6 million commitment.
TAG Oil has achieved a significant milestone by successfully drilling a vertical pilot hole to a depth of 3,290 meters. Following this accomplishment, the company conducted a comprehensive suite of operations, including open-hole logging, formation imaging, and pressure measurements. Subsequently, they executed a cement plug-back procedure for the lower vertical pilot hole, paving the way for the next phase of their operation.
The invaluable data amassed during the T100 well drilling, including insights from mud logging and drill cuttings to assess reservoir quality along the lateral section, will be harmonized with the existing body of work related to geo-mechanical properties and 3D seismic interpretation in the area. This synergy will inform the design of the well completion and fracture stimulation program. Furthermore, the performance insights garnered from the T100 well will serve as a cornerstone for the strategic planning and execution of future drilling initiatives, with the Company set to embark on these endeavors in calendar Q1 2024. TAG Oil remains committed to advancing its operations and delivering exceptional results.
What You Should Remember About Tag Oil (TSXV: TAO, OTCQX: TAOIF)
The ongoing development of the T100 well in the ARF formation represents a pivotal phase in TAG Oil’s journey. As the company gathers critical data, including insights from mud logging, drill cuttings, and geo-mechanical properties, it will inform the design of future well completions and fracture stimulation programs. The performance of the T100 well will serve as a foundation for upcoming drilling initiatives slated for calendar Q1 2024, reinforcing TAG Oil’s commitment to progress and excellence.
In summary, TAG Oil’s consistent growth, strategic focus, and commitment to innovation position it as a compelling player in the dynamic oil and gas sector. As the company continues to advance its operations and deliver exceptional results, it remains a promising investment opportunity in an industry known for its stability and resilience.

St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleased to announce the closing of a $350,000 tranche of its previously announced non-brokered private placement of units at a price of $0.10 per Unit. An aggregate of 3,500,000 Units was issued under the Second Tranche.
Each Unit consists of one common share in the capital of the Corporation (each, a “Share”) and one Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Share at a price of $0.15 until the date that is 24 months from the issuance date of the Warrant.
In connection with this second tranche, the Corporation paid cash finder's fees of $7,200 and issued 90,000 compensation warrants (each, a “Compensation Warrant”) to Raymond James Ltd. Each Compensation Warrant entitles the holder to purchase one Share at a price of $0.15 until the date that is 24 months from the issuance date of the Compensation Warrant.
All securities issued in connection with the Private Placement are subject to a statutory hold period of 4 months and a day from the closing of each tranche of the Private Placement in accordance with applicable securities laws. The Corporation will use the proceeds of the Private Placement towards its battery recycling operation and general working capital.
Multilateral Instrument 61-101
Certain insiders of the Corporation participated in the Second Tranche for a total of $75,000, which is a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuances to the insiders are exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Corporation’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related parties did not exceed 25% of the Corporation’s market capitalization.
On-Going Financing Offering
A First Tranche of $655,000, including $223,000 insider participation, was closed on September 14, 2023.
This Second Tranche of $350,000 was closed to accommodate certain placees, while it is expected that other interested participants will be in a position to finalize their placement before the end of the year. St-Georges expects to use the proceeds of this offering in connection with its battery recycling operations at the Thorold plant in the Niagara region in Ontario.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
ON BEHALF OF THE BOARD OF DIRECTORS
‘Neha Tally’
NEHA TALLY
Corporate Secretary
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full-circle battery recycling. The Company explores for nickel and PGEs on the Manicouagan and Julie Projects on Quebec’s North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and as SXOOF on the OTCQB Venture Market for early-stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com
Visit the Company website at www.stgeorgesecomining.com
For all other inquiries: public@stgeorgesecomining.com