Author: pr web

LAGOS, Nigeria, Sept. 14, 2022 (GLOBE NEWSWIRE) — Emirate Lithium and Geominerals Limited (“Emirate Lithium” or “the Company”), focused on the exploration, mining, trading and exporting of solid minerals ores, including lithium spodumene, tin, columbite, zircon sand (brown), monazite and tantalite to Europe and Asia, signed contracts with AGVision Mining Limited (“AGVision”) to carry out reconnaissance studies for the Company’s Iwajowa and Kaima lithium projects located within the known pegmatite belt in south western and north central Nigeria. The Nigerian Geological Survey Agency, the Federal Government of Nigeria agency charged with developing geo-science data, is currently carrying out several early-stage exploration programs within the Nigeria’s pegmatite belt. This corrects the Company’s press release dated September 9, 2022 to the effect that the Company has signed contracts with AGVision to carry out pre-feasibility studies on its Iwajowa and Kaima Lithium projects.

Under the terms of the contracts, AGVision is conducting studies involving the general geographic features and characteristics of the Company’s Iwajowa and Kaima lithium projects, including geological mapping, outcrop sampling, wide-spaced geochemical sampling and preliminary geophysics. Emirate Lithium intends to simultaneously follow these studies with rock sampling, pitting and trenching of the projects.

AGVision was founded by a group of Nigerian engineering, procurement, and construction managers and a world leading Australian geological, geophysical and geospatial company – International Geoscience Pty Limited. International Geoscience Pty Limited is led by Dr. Warwick Crowe, a globally regarded structural geologist and one of the world’s foremost experts on Nigeria’s economic geology. AGVision delivers the Australian Joint Ore Reserves Committee reporting standards in his various exploratory activities and reporting.

“This is an important milestone for Emirate Lithium, setting the stage for the next phase of our corporate evolution,” said Lanre Afebuameh, Founder and CEO of Emirate. “While the reconnaissance studies are conducted over the next few months, our team will continue to focus on our current surface mining operations of spodumene ore, which have yielded average annual exports of US $5 million of approximately 6% Li content in the spodumene concentrate since launching in 2020.”

While Emirate Lithium exports have primarily targeted Asian customers, the Company anticipates increased demand for its high-grade ore from European electric vehicle and battery manufacturers.

About Emirate Lithium

Emirate Lithium was incorporated in 2017 and commenced operations in 2018 as a mining, minerals, processing, and export company. The Company commenced open pit mining (surface mining) operations working with artisanal and small-scale operators in 2020 to establish lithium ore-grade quantities and build customer demand. Emirate Lithium currently has 27 minerals exploration licenses acquired from the Nigerian Mining Cadastre Office (“MCO”). Six of the 27 licenses are for lithium, making the Company a major holder of lithium assets in Sub-Sahara Africa, with Emirate Lithium poised to become the largest holder of lithium assets in the continent.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” for the purpose of providing information about management’s current expectations and plans relating to the future. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. 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. Emirate Lithium disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact

Dave Gentry, CEO
RedChip Companies, Inc.
1-800-Red-Chip (733-2441)
emirate@redchip.com

LAGOS, Nigeria, Sept. 07, 2022 (GLOBE NEWSWIRE) — Emirate Lithium & Geominerals Limited (”Emirate Lithium” or the “Company”), a subsidiary of Emirate Group focused on the exploration, mining, trading and exporting of solid mineral ores, including lithium spodumene, tin, columbite, zircon sand (brown), monazite and tantalite to Europe and Asia, announced today that it has signed contracts with AGVision Mining Limited (“AG Vision”) to carry out pre-feasibility studies for its licensed Iwajowa and Kaima lithium projects located within the known pegmatite belt in southwestern and north-central Nigeria. The Nigerian Geological Survey Agency, the Federal Nigerian agency charged with developing geo-science data, is currently carrying out several early-stage exploration programs within Nigeria’s pegmatite belt.

AGVision was founded by a group of Nigerian engineering, procurement, and construction managers and a world-leading Australian geological, geophysical, and geospatial company — International Geoscience Pty Limited. International Geoscience is led by Dr. Warwick Crowe, a globally recognized structural geologist and one of the world’s foremost experts on Nigeria’s economic geology. AGVision delivers the Australian Joint Ore Reserves Committee (JORC) reporting standards in its various exploratory activities and reporting.

“This is an important milestone for Emirate Lithium, setting the stage for the next phase of our corporate evolution,” said Lanre Afebuameh, Founder and CEO of Emirate Lithium. “While the pre-feasibility studies are conducted over the next several months, our team will continue to focus on our current surface mining operations, which have yielded average annual export volume of $4.5 million and approximately 6% spodumene concentrations since launching in 2020.”

While Emirate Lithium’s exports have primarily targeted Asia, the Company anticipates increased demand for its high-grade ore from European electric vehicle and battery manufacturers.

About Emirate Lithium

Emirate Lithium was incorporated in 2017 and commenced operations in 2018 as a mining, minerals, processing, and export company. The Company commenced open pit mining (surface mining) operations working with artisanal and small-scale operators in 2020 to establish lithium ore-grade quantities and build customer demand. Emirate Lithium currently has 27 minerals exploration licenses acquired from the Nigerian Minerals Cadatral Office (“MCO”). Six of the 27 licenses are for lithium, making the Company a major holder of lithium assets in Sub-Sahara Africa, with Emirate Lithium poised to become the largest holder of lithium assets in the continent.

Cautionary Note Regarding Forward-Looking Statements
This news release includes certain “forward-looking statements” for the purpose of providing information about management’s current expectations and plans relating to the future. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. 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. Emirate Lithium disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact

Dave Gentry, CEO
RedChip Companies, Inc.
1-800-Red-Chip (733-2441)
emirate@redchip.com

LAGOS, Nigeria, Aug. 23, 2022 (GLOBE NEWSWIRE) — Emirate Lithium & Geominerals Limited (”Emirate Lithium” or the “Company”), a subsidiary of Emirate Group focused on the exploration, mining, trading and exporting of solid mineral ores, including lithium spodumene, tin, columbite, zircon sand (brown), monazite and tantalite to Europe and Asia, is preparing to file its S-1 with the U.S. Securities and Exchange Commission with the goal of listing of its shares via an IPO on the Nasdaq Global Market in the United States.

The Company intends to raise approximately $15.0 million in the IPO of its ordinary common shares. The proceeds of the planned IPO would be used to further deepen the Company’s exploration activities at its Iwajowa and Kaima lithium projects, located within the known pegmatite belt in southwestern and north-central Nigeria, and to expand Emirate Lithium’s mineral processing and warehousing capacity. Additionally, the new capital is expected to accelerate the Company’s plans to pursue new lithium mine acquisitions in its quest to be the largest holder of lithium assets in Africa.

As a first step towards its potential IPO on the Nasdaq, Emirate Lithium has engaged small-cap IR leader RedChip Companies, Inc. and NYC securities attorneys Dentons LLP to provide IR/PR and legal services, respectively.

About Emirate Lithium

Emirate Lithium was incorporated in 2017 and commenced operations in 2018 as a mining, minerals, processing, and export company. The Company commenced open pit mining (surface mining) operations working with artisanal and small-scale operators in 2020 to establish lithium ore-grade quantities and build customer demand. Emirate Lithium currently has 27 minerals exploration licenses acquired from the Nigerian Mining Cadastre Office (“MCO”). Six of the 27 licenses are for lithium, making the Company a major holder of lithium assets in Sub-Sahara Africa, with Emirate Lithium poised to become the largest holder of lithium assets in the continent.

Cautionary Note Regarding Forward-Looking Statements
This news release includes certain “forward-looking statements” for the purpose of providing information about management’s current expectations and plans relating to the future. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. 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. Emirate Lithium disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact

Dave Gentry, CEO
RedChip Companies, Inc.
1-800-Red-Chip (733-2441)
emirate@redchip.com

VANCOUVER, British Columbia, July 15, 2022 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) announces that effective July 15, 2022 the Company has completed the first US$100 million tranche of a US$140 million financing package from strategic financial institutions in Ghana (the “Financing Institutions”).

The initial drawdown of US$100 million will be used to cover local operating costs and the Company’s near-term broader funding and strategic objectives.

Repayment terms are to be 25% of the principal and interest in four equal installments of US$26.88 million, with the final payment due July 12, 2023. Settlement will be in US funds by delivery of gold at the financial institutions’ designated gold refinery in Switzerland and sold at the then Bloomberg BGN XAUUSD spot market price less 7%. The annual interest rate of this gold forward facility is 7.53%.

The Company assumes no derivative risks from the transaction as the loan principal is denominated in US funds and repayments from gold deliveries will be made in US funds, thereby providing a natural currency hedge.

Through this facility Asante obtains an immediate and non-dilutive financing, repayable from gold production. The Bibiani Mine has completed its commissioning, with the first gold pour announced on July 7, 2022.

The Company thanks the Financing Institutions for their confidence and financial support as Asante continues to develop its production profile in Ghana.

The Company is also in advanced discussions on additional senior secured debt facilities to provide for ongoing sustaining capital.

About Asante Gold Corporation

Asante is a gold exploration, development and operating company with a high-quality portfolio of projects in Ghana. Asante is currently operating the Bibiani Gold Mine with forecast production of 175,000 oz of gold over the next 12 months, is completing the acquisition of the Chirano Gold Mine from Kinross Gold Corporation (the Chirano Acquisition), and is developing to production its Kubi Gold mine, all located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana.

Asante is listed on the Canadian Securities Exchange, the Ghana Stock Exchange and the Frankfurt Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. Additional information is available on the Company’s website at www.asantegold.com.

About the Bibiani Gold Mine

Bibiani is a historically significant gold mine situated in the western region of Ghana, with previous gold production close to 5 Moz. It is fully permitted with available mining and processing infrastructure on-site consisting of a 3 million tonne per annum mill and processing plant, and existing mining infrastructure. Mining commenced in late February with the first gold pour announced on July 7, 2022. The Company is targeting 175,000 oz of gold production over the next 12 months.

The Current Mineral Resource Estimate for Bibiani, as reported in the Technical Report on the Bibiani Gold Mine, Ghana, by Principal Author Ian M Glacken FAusIMM (CP), FAIG, CEng and Qualified Person Dan Bansah MSc, MAusIMM (CP), FWAIMM, MGIG, dated November 7, 2021, and filed on SEDAR, is Measured and Indicated 20.1 million tonnes at 2.71 grams of gold per tonne for 1.81 Moz of gold, plus Inferred 8.41 million tonnes at 2.78 grams of gold per tonne for 0.75 Moz of gold from an open pit mine. The Mineral Resource has been reported above a 0.65 g/t gold cut-off and has been depleted for both historical open pit and underground development as of August 31, 2017. The Bibiani Main Pit mineral resource has been prepared by Competent Persons (Optiro, 2017) using accepted industry practices and have been classified and reported in accordance with the JORC Code (JORC, 2012). There are no material differences between the definitions of Measured, Indicated and Inferred Mineral Resources under the CIM Definition Standards and the equivalent definitions in the JORC Code. The Satellite pit resource is an update completed in 2018 by Resolute Mining Limited. The Satellite pit resource is also reported above a cut-off grade of 0.65 g/t gold inside a pit shell defined at a gold price of US$1,950. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

About the Chirano Gold Mine

The Chirano Gold Mine is an operating open-pit and underground mining operation located in southwestern Ghana, immediately south of the Company’s Bibiani Gold Mine. The Chirano Gold Mine was first explored and developed in 1996 and began production in October 2005. The Chirano Gold Mine comprises the Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao open pits and the Akwaaba and Paboase underground mines.

For further information please contact:

Dave Anthony, President & CEO: CAN+1 647 382 4215 or GH+233 55 879 3309, dave@asantegold.com
Malik Easah, Executive Director, malik@asantegold.com
Frederick Attakumah, Executive Vice President, frederick@asantegold.com
Alec Rowlands, Capital Markets Consultant, alec@asantegold.com
Valentina Gvozdeva, Manager IR, valentina@asantegold.com
Kirsti Mattson, Media Relations, kirsti.mattson@gmail.com

Cautionary Statement on Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the timing of the completion of the balance of the US$140 million financing package, additional potential financing, the structure and terms of the Chirano Acquisition, timing for completion of the Chirano Acquisition, the ability of the Company to complete the Chirano Acquisition on the terms announced, anticipated synergies, the resources, reserves, exploration results, and development program at Chirano, Bibiani and Kubi, including timing of future mine development and the start of production. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the inability to satisfy any condition required to complete the balance of the US$140 million financing package, the inability to satisfy any condition required to complete the Chirano Acquisition, termination of the share purchase agreement, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company’s inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company’s public disclosure record which is available on SEDAR (www.sedar.com). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the Canadian Securities Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
LEI Number: 529900F9PV1G9S5YD446.

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Johannesburg, July 14, 2022 (GLOBE NEWSWIRE) — A new training initiative is set to revolutionise the African TV sector, taking industry skills to a new level and boosting the quality of content for audiences across the continent.

The initiative will be a collaborative project between MultiChoice, local television channels in various African territories, and the MultiChoice Talent Factory, the MultiChoice industry-development and training programme.

“Our vision is to upskill production professionals, and to raise the standard of productions right across Africa,” said Fhulufhelo Badugela, MultiChoice Africa CEO, launching the programme expansion. “This will boost Africa’s film and television industry exponentially, because as you capacitate more people, more people are motivated to start projects, and everybody benefits, including the viewers.”

“This is an investment in the future of our industry, and investment goes beyond financial investment it also requires skills, time and a core understanding of the consumer needs” said Badugela. “But the most immediate impact will be to raise the standard of productions across Africa.”

The programme will consist of online learning courses, masterclasses, and practical training. MultiChoice will partner with local broadcasters to help develop skills in the various territories. It will include certified short courses in critical production skills such as post-production, sound, screenwriting, 3D animation and cinematography.

The programme’s online-learning component enables MultiChoice to reach as many content creators as possible, across the continent, while also allowing working professionals to do courses at their own pace.

The programme will initially reach 300 broadcast workers who are already producing content in their local markets through e-learning. They will then be able to instantly apply their learnings on domestic productions.

“Local broadcasters are the grassroots of the TV industry in every country,” said Badugela. “By building the industry we are enabling local job creation, enabling an industry to contribute to the economy and responding to the ongoing consumer demand for quality local entertainment.”

Masterclasses will be held in person and also broadcast online with local and international industry leaders. The focus is on creating and curating masterclasses that are fit for purpose and meet the needs of each country.

“The people on the programme will gain skills relevant to their own field of expertise – so their knowledge will be immediately applicable,” said Badugela. “We are also able to reach more people by doing the training in-country.”

“We have seen the impact investments can have,” said Badugela “In Zimbabwe, we ran a training programme to support the launch of new local entertainment channels. The standard of the new channels is excellent, and the market has really opened up in terms of the productions being launched and the calibre of Zimbabwe’s filmmakers.”

Badugela said she anticipated the African training initiative leading to more productions, with higher production values, which would boost viewership and the financial viability of the industry – especially in emerging African TV markets.

“Improving the skills of our TV professionals will give audiences more choice and more chance to see themselves reflected in the content they consume,” she said. “It’s about quality African content for African viewers.”

Elizabeth Fourie
MultiChoice Group Ltd
elizabeth.fourie@multichoice.co.za

VANCOUVER, British Columbia, June 29, 2022 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) is pleased to announce that further to its application for a secondary listing by introduction on the Main Market of the Ghana Stock Exchange (the “GSE”), the Company has received final approval from the Ghana Securities and Exchange Commission and the Ghana Stock Exchange to commence trading.

Trading will commence under the symbol ‘ASG’ at the opening on June 29, 2022.

A copy of the *Prospectus “SECONDARY LISTING BY INTRODUCTION ON THE GHANA STOCK EXCHANGE OF EXISTING 315,007,462 COMMON SHARES OF ASANTE GOLD CORPORATION” is available on the Company’s website indicated below.

Listing Statistics

Price on CSE(as at date on day of Listing)	CAD$1.58
Initial Listing Price on GSE1	GHS 8.87
Number of Ordinary Shares listed by Introduction2	315,007,462
Market capitalization at Listing Price (CAD$)	497,711,780
Market capitalization at Listing Price (GHS)	2,793,158,565

Notes:
1.  Based on exchange rate of price on CSE at CAD$ 1.00 = GHS 5.6120 as at June 28, 2022 (Bank of Ghana)
2.  Number of shares outstanding as at May 31, 2022, the date of the prospectus.

Douglas MacQuarrie, Non-Executive Chairman stated, “It is with a great sense of ‘having arrived’ that Asante is now listed on Ghana’s premier stock exchange, one of the best performing stock exchanges in Africa in 2021. This listing complements our listings in Canada and in Germany and provides our Ghanaian shareholders, and potential new investors, the opportunity to invest and trade their shares locally in Ghana.”

Asante’s CEO, Dave Anthony, added, “Asante has significant ownership by both private Ghanaian investors and Ghanaian institutions, and the Company is excited to be able to offer Ghana’s investment community and all interested investors the opportunity to participate in our growth as we work to achieve our vision of becoming a Tier-1 gold producer in West Africa.”

Black Star Advisors Limited and Black Star Brokerage Limited acted as Arranger and Sponsoring Broker respectively to Asante in respect of the Listing on the Ghana Stock Exchange.

About Asante Gold Corporation

Asante is a gold exploration, development, and operating company with a high-quality portfolio of projects in Ghana. Asante is currently focused on closing the acquisition of the Chirano Gold Mine from Kinross Gold Corporation and developing to production its Bibiani and Kubi Gold mines located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana.

Asante is listed on the Canadian Securities Exchange, the Ghana Stock Exchange and quoted on the Frankfurt Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. Additional information is available on the Company’s website at www.asantegold.com.

About the Bibiani Gold Mine

The Bibiani Gold Mine is a historically significant Ghanaian gold mine situated in the Western North region of Ghana. Bibiani has previous production of +4Moz, is fully permitted with available mining and processing infrastructure on site consisting of a 3 million tonne per annum mill and processing plant.

The Current Mineral Resource Estimate for Bibiani, effective as of November 7, 2021, as set out in the Technical Report titled “Technical Report on the Bibiani Gold Mine, Ghana”, prepared by Ian M. Glacken (FAusIMM (CP), FAIG, CEng) of Optiro Pty Limited and assisted by Dan Bansah (MSc, MAusIMM (CP), FWAIMM, MGIG) of Minecon Resources and Services Ltd. as Qualified Person and filed on SEDAR, is Measured and Indicated for the Bibiani main pit and the Satellite pits at 20.8 million tonnes at 2.71 grams of gold per tonne for 1.81 Moz of gold; and Inferred 8.41 million tonnes at 2.78 grams of gold per tonne for 0.753 Moz of gold. The Mineral Resource has been reported above a 0.65 g/t gold cut-off and has been depleted for both historical open pit and underground development as of August 31, 2017. The Technical Report was prepared using accepted industry practices in accordance with the JORC Code (JORC, 2012). There are no material differences between the definitions of Measured, Indicated and Inferred Mineral Resources under the CIM Definition Standards and the equivalent definitions in the JORC Code. The Satellite pit resource is an update completed in 2018 by Resolute Mining Limited, the former owner of the Bibiani Gold Mine. The Satellite pit resource is also reported above a cut-off grade of 0.65 g/t gold inside a pit shell defined at a gold price of US$1,950. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

About the Chirano Gold Mine

Chirano is an operating open-pit and underground mining operation located in southwestern Ghana, immediately south of the Company’s Bibiani Gold Mine. Chirano was first explored and developed in 1996 and began production in October 2005. The mine comprises the Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao open pits and the Akwaaba and Paboase underground mines. Gold Equivalent Production in 2021 was 154,668 oz on a 100% basis (source Kinross Gold Corporation).

For further information please contact:

Dave Anthony, President & CEO: dave@asantegold.com        
Malik Easah, Executive Director: malik@asantegold.com
Frederick Attakumah, Executive Vice President: frederick@asantegold.com
Alec Rowlands, Capital Markets Consultant, alec@asantegold.com        
Valentina Gvozdeva, Manager IR, valentina@asantegold.com
Kirsti Mattson, Media Relations, kirsti.mattson@gmail.com

Cautionary Statement on Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the structure and terms of the Chirano Acquisition, timing for completion of the Chirano Acquisition, the ability of the Company to complete the Chirano Acquisition on the terms announced, the ability of the parties to satisfy all administrative matters required in order to consummate the Chirano Acquisition, anticipated synergies, the resources, reserves, exploration results, and development program at Chirano, Bibiani and Kubi, including timing of future mine development and the start of production. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the inability to satisfy any condition required to complete the Chirano Acquisition, termination of the share purchase agreement, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company’s inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company’s public disclosure record which is available on SEDAR (www.sedar.com). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the Canadian Securities Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

LEI Number: 529900F9PV1G9S5YD446. Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Innovative system from Varian incorporates artificial intelligence for the efficient delivery of personalized treatments that adapt to changes in the patient’s anatomy

DUBAI, UAE, June 9, 2022 /PRNewswire/ — Advancing the treatment for cancer patients in Morocco, Clinique d’Oncologie 16 Novembre has acquired and installed the Ethos™ therapy system – the first of its kind in Africa – from Varian, a Siemens Healthineers company.  Ethos therapy, which is uniquely powered by artificial intelligence (AI), provides cancer patients with a personalized, adaptive radiotherapy treatment within a typical 15 to 30-minute time slot.

Adaptive therapy customizes the patient’s treatment based on tumor and anatomical changes that occur over a multi-week course of treatment. The goal is to better target the tumor, reduce doses to healthy tissue, and improve overall outcomes.

“We are proud to be the first cancer center in Africa to offer Ethos therapy treatment,” said Dr. Mounir Bachouchi, medical oncologist and CEO at Clinique d’Oncologie 16 Novembre.  “Adaptive therapy has so many benefits for both the patient and the clinician, and Varian’s Ethos system is at the leading edge of this technology, enabling our clinical team to adapt every treatment to changes in a patient’s anatomy from day to day, potentially improving overall outcomes.”

“Every patient deserves access to the best and most personalized cancer care,” said José-Manuel Valentim, Director of Africa operations at Varian. “Clinique d’Oncologie 16 Novembre is a very forward-thinking cancer center focused on offering state-of-the-art cancer care with the most advanced technologies available.”

By providing an up-to-date view of the patient’s anatomy—and the ability to use that information to adapt the treatment— Ethos therapy provides clinicians the confidence to make more informed treatment decisions. The solution is built on Varian’s latest treatment delivery technology and provides fast imaging and treatment delivery without compromising quality.

“Adaptive therapy is the future of personalized radiation therapy, and we are excited that this center is taking on a leadership role by offering Ethos to the cancer patients of Morocco,” added Valentim. “This is a transformational moment for cancer care in Northern Africa.”

About Clinique d’Oncologie 16 Novembre 

The Clinique d’Oncologie 16 Novembre was established in Rabat, Morocco to offer integrated and comprehensive multidisciplinary care for cancer patients, ranging from screening to the most innovative treatments, with full patient support and accompanying care.  It offers personalized care, emphasizing a human approach to oncology, where close relations between patients and the medical professionals are an essential component of care.

About Varian 

At Varian, a Siemens Healthineers company, we envision a world without fear of cancer. For more than 70 years, we have developed, built, and delivered innovative cancer care technologies and solutions for our clinical partners around the globe to help them treat millions of patients each year. With an Intelligent Cancer Care approach, we are harnessing advanced technologies like artificial intelligence, machine learning, and data analytics to enhance cancer treatment and expand access to care. Our 11,000 employees across 70 locations keep the patient and our clinical partners at the center of our thinking as we power new victories in cancer care. Because, for cancer patients everywhere, their fight is our fight. For more information, visit http://www.varian.com and follow @VarianMedSys on Twitter.

Press Contact 

Meryl Ginsberg
Corporate Communications
publicrelations@varian.com

Photo – https://mma.prnewswire.com/media/1835830/The_Clinique_d_Oncologie_16_Novembre_clinical_team_with_Varian_Ethos_therapy_system.jpg

Bedford, Mass., May 31, 2022 (GLOBE NEWSWIRE) — Massachusetts-based biotech Conagen announces the development of a new scalable natural compound, dihydro resveratrol, for use in industrial and human health applications. Conagen’s dihydro resveratrol is made by bioconversion from p-coumaric acid (pCA), a natural preservative Conagen produced by precision fermentation.

The same proprietary bioconversion technology used to make dihydro resveratrol can be used to make resveratrol and other polyphenol class molecules. Both compounds are natural metabolites of plants, such as berries and grapes, and are commonly found in red wine.

Because resveratrol and dihydro resveratrol exist in only very small quantities in plants, cultivation, extraction, and purification are very inefficient, using more land, water, and energy. Instead, Conagen starts with pCA made using fermentation of microorganisms. Bioconversion of pCA allows Conagen to use a much smaller footprint to make dihydro resveratrol and related compounds.

“The development of dihydro resveratrol demonstrates Conagen’s strong capability to manufacture and deliver innovative and versatile compounds for multiple large-scale applications,” said Casey Lippmeier, vice president of innovation. “Our proprietary bioconversion and precision fermentation capabilities enable the production of sustainable high-quality polyphenols for use in novel products which drive the growth of new markets.”

Resveratrol molecules in the category of polyphenols possess rich antioxidant properties. Its anti-inflammatory and antioxidant activity are linked to protective effects against heart disease, diabetes, cancer, and cognitive decline. Conagen has announced several polyphenol products over the past few years, such as Taxifolin BC-DHQ® (dihydroquercetin), kaempferol, Rosaval^™  rosmarinic acid, and hydroxytyrosol, establishing a strong leadership in the development of polyphenol compounds.

In addition to their importance in human health applications for improving the quality of life, dihydro resveratrol and resveratrol are also important industrial intermediates. They offer valuable use in many industrial applications, such as plastic additives, paints, resins, polymers, and high-temperature-resistant biomaterials.

Conagen is working with multiple industrial partners to develop novel applications of dihydro resveratrol, resveratrol, and related compounds.

About Conagen

Conagen is a product-focused, synthetic biology R&D company with large-scale manufacturing service capabilities. Our scientists and engineers use the latest synthetic biology tools to develop high-quality, sustainable, nature-based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. www.conagen.com

Attachment

• Conagen develops new compound dihydro resveratrol

Ana Arakelian, Head of Public Relations and Communications
Conagen
+1.781.271.1588
ana.arakelian@conagen.com

The Thyrow converter plant will convert electricity from the public three-phase distribution network to a frequency of 16.7 Hz and feed it into the traction current network

Zurich, Switzerland, May 31, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, the global technology and market leader in power grids, announced today that it has won an order from Deutsche Bahn to provide a 120 megawatt (MW) converter station which enables DB Energie to secure power supply for the Greater Berlin rail network. The network serves a metropolitan population of around 3.5 million people and is the hub for multiple high-speed train services to cities throughout Germany and neighboring countries.

The Thyrow converter station, south of Berlin, will enable Deutsche Bahn to convert electricity from the public three-phase power distribution grid, which operates at a frequency of 50 hertz (Hz) to 16.7 Hz, and feed it into the rail power grid used to power trains and rail infrastructure.

The order follows one awarded last year by Deutsche Bahn to Hitachi Energy for the 160 MW Delitz converter station in the greater Halle/Leipzig area, which will be one of the most powerful converter stations for rail power worldwide.

“We are delighted that Deutsche Bahn has selected Hitachi Energy as partner of choice to secure the 16.7 Hz power supply for their rail network,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “This is an excellent example of how we collaborate together with customers and partners to accelerate the energy transition and advancing a sustainable energy future for all.”

The Hitachi Energy solution for the Thyrow converter station comprises three compact 40 MW static frequency converter modules, which use Hitachi Energy’s advanced power semiconductors to provide a steady and reliable power supply at maximum availability and with minimal electrical losses. The solution includes a 30-year service contract and a digitalization package to provide Deutsche Bahn with condition-based and reactive maintenance and data insights into the system status of the converter station over the life cycle.

Hitachi Energy is the world’s leading supplier of grid integration and power quality solutions, including rail converter stations and the integration of renewable energy into power transmission systems.

Notes to the Editor

Static frequency converters

Rail frequency converter stations are based on static frequency converters (SFC). They connect three-phase power distribution or transmission grids, which typically operate at 50 or 60 Hz, with single-phase railway power grids, which operate at 16.7, 25, 50 or 60 Hz. Besides the transfer of active power, the SFC can also control reactive power in both grids independently. It responds immediately to grid faults and enables a smooth and interruption-free transition to island mode during an outage.

Power electronics

SFCs are based on Hitachi Energy’s power electronics. These integrated gate-commutated thyristors (IGCTs) will be part of this solution. They maintain grid stability and power quality by responding rapidly to frequency fluctuations and grid disturbances. Power electronics are an integral part of many Hitachi Energy technologies, including high-voltage direct current (HVDC) and flexible AC transmission systems (FACTS).

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachment

• Rendering of the Thyrow converter station, Germany

Rebecca Bleasdale
Hitachi Energy Ltd.
+41 78643 2613
rebecca.bleasdale@hitachienergy.com