Frankfurt Stock Exchange – Business Times Oman http://www.businesstimesoman.com Thu, 28 Sep 2023 11:52:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Les spécialistes du rein en Tunisie recommandent l'utilisation des solutions QuantiFERON de QIAGEN http://www.businesstimesoman.com/les-specialistes-du-rein-en-tunisie-recommandent-lutilisation-des-solutions-quantiferon-de-qiagen/ http://www.businesstimesoman.com/les-specialistes-du-rein-en-tunisie-recommandent-lutilisation-des-solutions-quantiferon-de-qiagen/#respond Thu, 28 Sep 2023 11:52:25 +0000 http://www.businesstimesoman.com/?p=309201 TUNIS, Tunisie, 28 sept. 2023 (GLOBE NEWSWIRE) — QIAGEN annonce que l'utilisation de ses tests de la gamme QuantiFERON a t recommande par les cliniciens de la Socit Tunisienne de Nphrologie pour la prise en charge des patients greffs, dialyss et atteints de maladies rnales, marquant ainsi la premire recommandation de ce type au niveau mondial mise par un organisme professionnel spcialis dans la mdecine rnale.

Afin de mieux prvenir le plus tt possible les complications potentiellement mortelles pour ce type de patients, la Socit Tunisienne de Nphrologie, Dialyse et Transplantation Rnale (STNDT) conseille ses cliniciens d'utiliser QuantiFERON–CMV pour valuer la rponse immunitaire cellulaire spcifique au cytomgalovirus (CMV), QuantiFERON Monitor pour valuer l'intensit de la rponse immunitaire cellulaire en gnrale, et QuantiFERON–TB Gold Plus pour dpister l'infection tuberculeuse latente (ITBL) avant qu'elle ne devienne une maladie active.

Cette premire recommandation au monde par des spcialistes du rein constitue un vote de confiance en faveur des tests de rponse immunitaire QuantiFERON de QIAGEN , a dclar Simona GRANDITS, directrice ventes et marketing EEMEA chez QIAGEN. Les cliniciens de Tunisie trouveront en le QuantiFERON–CMV un outil innovant dans la prise en charge des patients compltant les tests PCR pour CMV. Par ailleurs, QuantiFERON Monitor et QuantiFERON–TB Gold Plus s'avreront inestimables pour surveiller des rponses immunitaires plus larges et spcifiques respectivement. Ces tests permettront la mise en place d'un traitement prventif personnalis, vitant ainsi l'utilisation excessive de mdicaments potentiellement toxiques et onreux .

Avec un taux d'incidence entre 8% et 32%, la maladie due au CMV reprsente la complication infectieuse la plus prvalente suite des interventions de greffe rnale. Les mdicaments immunosuppresseurs requis, essentiels pour viter le rejet d'organe, affaiblissent le systme immunitaire du patient, rendant plus difficile le contrle des infections virales. Le CMV post–greffe pose le risque de causer de graves complications telles une dtrioration directe de l'organe transplant, un dysfonctionnement ou rejet de greffe ainsi qu'une susceptibilit accrue d'autres infections.

Le contrle de la rponse immunitaire pour le CMV donne aux professionnels de sant la possibilit d'identifier les patients davantage risque de dvelopper des complications, leur permettant ainsi d'administrer des traitements adapts afin de rduire les risques de dveloppement d'une maladie lie au CMV ou que la greffe choue. En consquence, la STNDT conseille l'utilisation de QuantiFERON–CMV pour une surveillance nationale de la rponse immunitaire au cours de l'anne suivant l'intervention chirurgicale. Les patients avec un test QuantiFERON–CMV positif et une rponse immunitaire adquate face au virus pourront cesser le traitement prophylactique au bout de trois mois, tandis que ceux obtenant un test ngatif, plus risque de dvelopper la maladie due au CMV, devront tre surveills jusqu' six mois. Cette approche personnalise amliore non seulement les rsultats pour les patients, mais contribue galement la diminution des dpenses de sant. En effet la gestion de la maladie due au CMV pouvant tre particulirement coteuse, ces tests raliss pro–activement rduiront le cot de prise en charge en fournissant un soin cibl aux individus risque.

Pour aider les cliniciens dterminer la bonne posologie des mdicaments immunosuppresseurs afin d'viter la fois le rejet d'organe et les infections post–greffe, la STNDT recommande l'utilisation de QuantiFERON Monitor en accord avec l'intervention chirurgicale. La ralisation de tests avant une greffe rnale permet de mettre en place des mesures correctives pour les patients chez lesquels on dcle un faible systme immunitaire, tandis que les tests post–chirurgicaux aideraient les cliniciens ajuster le schma de mdicaments immunosuppresseurs administrer, crucial aprs toute greffe.

On estime qu'un individu sur quatre prsente une infection tuberculeuse latente, et que 5 10% de ces derniers pourraient dvelopper une tuberculose active, maladie contagieuse et potentiellement mortelle qui affecte gnralement les poumons. Les individus prsentant des dficiences de leur systme immunitaire sont bien plus risque de dvelopper une maladie active. Le STNDT conseille donc l'utilisation de QuantiFERON–TB Gold Plus pour le dpistage de la tuberculose dans des cas nphrologiques spcifiques, notamment les patients gs atteints d'insuffisance rnale chronique, ceux souffrant de comorbidits comme le diabte ou la malnutrition et les candidats une transplantation. De plus, il est recommand aux patients hmodialyss et ceux qui sont sur le point de commencer un traitement immunomodulateur en raison d'une insuffisance rnale. L'Organisation mondiale de la sant (OMS) recommande aussi fortement le dpistage de l'infection tuberculeuse chez tous les patients immunodprims, y compris ceux candidats une greffe d'organe ou hmatologique ainsi que les patients dialyss. QuantiFERON–TB Gold Plus ne ncessite qu'une visite du patient et est bien plus prcis pour dpister une ITBL dans les populations les plus susceptibles d'tre infectes, par rapport au test cutan la tuberculine (IDR), vieux de plus de cent ans, et qui requrait deux visites.

La technologie QuantiFERON de QIAGEN est une mthode de diagnostic in vitro unique pour dtecter les rponses immunitaires mdiation cellulaire partir d'chantillons de sang entier. Elle fonctionne en identifiant des lymphocytes T spcifiques chez des individus exposs des agents infectieux. Lorsqu'un antigne spcifique une infection est associ au sang, une rapide re–stimulation des lymphocytes T spcifiques l'antigne se produit, conduisant la scrtion d'interfrons gamma (IFN–), qui peuvent tre mesurs en guise de marqueur d'une rponse immunitaire.

Contacts QIAGEN Dubai :
Stephanie Salloum
stephanie.salloum@qiagen.com


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QIAGEN’s QuantiFERON solutions recommended for use by kidney specialists in Tunisia http://www.businesstimesoman.com/qiagens-quantiferon-solutions-recommended-for-use-by-kidney-specialists-in-tunisia/ http://www.businesstimesoman.com/qiagens-quantiferon-solutions-recommended-for-use-by-kidney-specialists-in-tunisia/#respond Thu, 28 Sep 2023 11:52:25 +0000 http://www.businesstimesoman.com/?p=309199
  • Tunisian Society of Nephrology first professional body in the field to publish nationwide guidance
  • Association of specialists recommends national immune response monitoring for cytomegalovirus (CMV) after kidney transplant
  • Professional vote of confidence in QuantiFERON–CMV, QuantiFERON Monitor and QuantiFERON–TB Gold Plus
  • TUNIS, Tunisia, Sept. 28, 2023 (GLOBE NEWSWIRE) — QIAGEN today announced that the comprehensive QuantiFERON immune response blood tests have been recommended for use by clinicians in Tunisia to help kidney disease, transplant and dialysis patients "" the world's first–ever guidance of this type by a professional body in kidney medicine.

    To catch potentially deadly complications as early as possible, the Tunisian Society of Nephrology (TSN) advises specialist clinicians to use QuantiFERON–CMV to gauge the immune response of patients to cytomegalovirus (CMV), QuantiFERON Monitor to determine the strength of their immune systems more generally, and QuantiFERON–TB Gold Plus to detect latent tuberculosis infection (LTBI) before it becomes an active disease.

    "The world's first recommendation by kidney specialists is a vote of confidence in QIAGEN's QuantiFERON immune–response tests," said Simona Grandits, Senior Director, Head of Sales and Marketing EEMEA at QIAGEN . "Clinicians in Tunisia will find QuantiFERON–CMV an innovative patient management tool to complement PCR testing for CMV "" and QuantiFERON Monitor and QuantiFERON–TB Gold Plus invaluable for monitoring specific and wider immune responses. They will be able to tailor preventive treatment and reduce the use of potentially toxic and costly medications."

    With an incidence rate ranging from 8% to 32%1, CMV disease stands as the most prevalent infectious complication following kidney transplant procedures. The required immunosuppressive medications, essential for preventing organ rejection, weaken the patient's immune system, making it more challenging to control viral infections. Post–transplant CMV poses the risk of causing severe complications such as direct harm to the transplanted organ, graft rejection or dysfunction, and heightened susceptibility to other infections.

    CMV immune response monitoring enables healthcare providers to pinpoint patients with higher risks of developing complications, thereby allowing them to administer suitable treatments and mitigate the chances of full–blown CMV disease and transplant loss. As a result, the TSN advises QuantiFERON–CMV to be used for nationwide immune response monitoring the year after surgery. Patients testing positive with an adequate immune response to the virus should be released from prophylactic treatment after three months, while those testing negative, and more at risk to CMV disease, should be monitored for up to six months. This tailored approach not only enhances patient outcomes, but also contributes to cost savings within the healthcare system. Managing CMV disease can be financially burdensome, and proactive testing helps to alleviate this burden by providing targeted care for those at risk.

    To help clinicians determine the right dosage of immunosuppressive drugs to prevent both organ rejection and post–transplant infections, the TSN recommends the use of QuantiFERON Monitor before and after surgery. Testing before a kidney transplant allows for corrective measures for patients found to have weak immune systems, while post–surgical testing would aid clinicians in adjusting the regime of immunosuppressive medication that is crucial after any transplant.

    One in four people are thought to have latent TB infections, with 5–10% of them expected at some point to develop active TB, a contagious and potentially deadly disease that usually affects the lungs. People with immune–system impairments are at a significantly higher risk of developing active disease. The TSN, therefore, advises the use of QuantiFERON–TB Gold Plus for tuberculosis screening in specific nephrological cases, including elderly patients with chronic renal failure, those with coexisting conditions like diabetes or malnutrition, and transplant candidates. Additionally, it's recommended for patients undergoing hemodialysis and those about to start immunomodulatory treatment due to renal insufficiency. The World Health Organization (WHO) also strongly recommends TB infection screening for all immunocompromised patients including those receiving organ or hematological transplants and those on dialysis. QuantiFERON–TB Gold Plus requires only one patient visit and is much more accurate for diagnosing latent TB in populations that are at the highest risk for infection than the century–old, two–visit Tuberculin skin test (TST).

    QIAGEN's QuantiFERON Technology is a unique in vitro diagnostic method for detecting cell–mediated immune responses from whole blood samples. It works by identifying specific T–cells in individuals with infectious agent exposure. When an infection–specific antigen is combined with the blood, rapid re–stimulation of antigen–specific T–cells occurs, leading to the secretion of interferon–gamma (IFN–), which can be measured as a marker of an immune response.

    Learn more about QIAGEN's QuantiFERON range of assays at https://www.qiagen.com/de/applications/infectious–disease/transplantation.

    About QIAGEN

    QIAGEN N.V., a Netherlands–based holding company, is the leading global provider of Sample to Insight solutions that enable customers to gain valuable molecular insights from samples containing the building blocks of life. Our sample technologies isolate and process DNA, RNA and proteins from blood, tissue and other materials. Assay technologies make these biomolecules visible and ready for analysis. Bioinformatics software and knowledge bases interpret data to report relevant, actionable insights. Automation solutions tie these together in seamless and cost–effective workflows. QIAGEN provides solutions to more than 500,000 customers around the world in Molecular Diagnostics (human healthcare) and Life Sciences (academia, pharma R&D and industrial applications, primarily forensics). As of June 30, 2023, QIAGEN employed more than 6,100 people in over 35 locations worldwide. Further information can be found at http://www.qiagen.com.

    Contacts QIAGEN Dubai:
    Stephanie Salloum
    stephanie.salloum@qiagen.com

    1 D M Simon, S Levin "Infectious complications of solid organ transplantations", Infectious disease clinics of North America, 2001 Jun;15(2):521–49: https://doi.org/10.1016/s0891–5520(05)70158–6


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    Asante Announces US$140M Forward Gold Purchase Agreement http://www.businesstimesoman.com/asante-announces-us140m-forward-gold-purchase-agreement/ http://www.businesstimesoman.com/asante-announces-us140m-forward-gold-purchase-agreement/#respond Fri, 15 Jul 2022 13:00:52 +0000 http://www.businesstimesoman.com/?p=305071 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.


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    Asante Announces First Gold Pour at Bibiani Gold Mine http://www.businesstimesoman.com/asante-announces-first-gold-pour-at-bibiani-gold-mine/ http://www.businesstimesoman.com/asante-announces-first-gold-pour-at-bibiani-gold-mine/#respond Thu, 07 Jul 2022 11:00:00 +0000 http://www.businesstimesoman.com/?p=305024 VANCOUVER, British Columbia, July 07, 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 the first gold pour at the Bibiani Gold Mine has been completed successfully with process of gravity gold concentrate recovered by the Knelson Concentrator.

    Asante acquired the Bibiani Gold Mine in August 2021 and completed its project execution plan that included refurbishment and upgrade of the Process Plant, Tailings Storage Facility and Mine Site Infrastructure. In September 2021, Asante announced start of the refurbishment process and the Company's plan to pour gold in Q3 2022.

    In early June 2022, Asante announced the start of commissioning and operation of the Bibiani Process Plant. Since July 1, 2022, 24 hour per day operation has proceeded with the Carbon–in–Leach, carbon stripping and elution areas now operating. Hot Commissioning of the Gold Refinery was completed on July 7th. This is the final operating area of the Process Plant to be commissioned. Scale up of production is continuing as planned, including collection of gold on carbon, leading to delivery of approximately 175,000 oz gold over the next 12 months.

    Asante Gold's CEO, Dave Anthony, stated,

    "From the outset of our acquisition of the Bibiani Gold Mine, Asante has made a number of commitments to our stakeholders, including the local community, the Government of Ghana and our investors. We are proud that all of the commitments we made in the past 10 months relating to the Bibiani Gold Mine have been met or exceeded, up to this time.

    "The quality and timeliness of work completed by the Asante team is testament to their abilities and commitment to delivering results as planned. We recognize and thank our principal project partners, all of which have been Ghanaian companies, including Harlequin International, Rabotec, KPS, Kozah Construction, iConstruction, Emak, Electrowind, FLSmidth "" Ghana, Caesar Furnace, Mining Project Processing and Engineering Limited (MPPE), Top Quality Investments Limited, Rand Sandblasting Company, Tesla Electricals, Multigeomatics, Knight Piesold Ghana Limited, Bosch Rexroth (Ghana) and PW International (Gh) Ltd."

    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: +1 647 382 4215 (Canada) or +233 558 799 3309 (Ghana) or 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.


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    Asante Gold to Commence Trading on the Ghana Stock Exchange http://www.businesstimesoman.com/asante-gold-to-commence-trading-on-the-ghana-stock-exchange/ http://www.businesstimesoman.com/asante-gold-to-commence-trading-on-the-ghana-stock-exchange/#respond Wed, 29 Jun 2022 13:11:12 +0000 http://www.businesstimesoman.com/?p=306866 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.


    GLOBENEWSWIRE (Distribution ID 8581074)

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    Asante Gold Enters into Exclusivity Agreement with Kinross Gold to Purchase Chirano Gold Mine in Ghana http://www.businesstimesoman.com/asante-gold-enters-into-exclusivity-agreement-with-kinross-gold-to-purchase-chirano-gold-mine-in-ghana/ http://www.businesstimesoman.com/asante-gold-enters-into-exclusivity-agreement-with-kinross-gold-to-purchase-chirano-gold-mine-in-ghana/#respond Wed, 06 Apr 2022 11:00:00 +0000 http://www.businesstimesoman.com/?p=306365 VANCOUVER, British Columbia, April 06, 2022 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE:ASE | FRANKFURT:1A9 | U.S.OTC:ASGOF) ("Asante" or the "Company") is pleased to announce that it has entered into an Exclusivity Agreement with Kinross Gold Corporation to negotiate the potential purchase of all of their interests in Ghana ("Kinross Ghana"), including its 90% interest in the Chirano Gold Mine ("Chirano").

    Chirano is an open–pit and underground mining operation located in southwestern Ghana, immediately south of the Company's Bibiani Gold Mine. It is 90% owned by Toronto–based Kinross Gold Corporation. The Government of Ghana has a 10% carried interest.

    Chirano was explored and developed in 1996 and began production in October 2005. The Chirano 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.

    About Asante Gold Corporation

    Asante is a gold exploration, development, and operating company with a high–quality portfolio of projects in Ghana, Africa's largest and most reliable gold producer. Asante is currently focused on 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 and the Frankfurt Stock Exchange and has announced plans to co–list its shares in Ghana. 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 surface and mining infrastructure.

    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.

    For further information please contact:

    Dave Anthony, President & CEO: +1 647 382 4215 (Canada) or +233 55 879 3309 (Ghana) or dave@asantegold.com
    Malik Easah, Executive Director, malik@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 potential negotiations and acquisitions, the resources, reserves, exploration results, and development program at 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, 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.


    GLOBENEWSWIRE (Distribution ID 8517249)

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    Asante Gold Announces Appointment of Executive Vice President & Country Director http://www.businesstimesoman.com/asante-gold-announces-appointment-of-executive-vice-president-country-director/ http://www.businesstimesoman.com/asante-gold-announces-appointment-of-executive-vice-president-country-director/#respond Thu, 31 Mar 2022 11:00:00 +0000 http://www.businesstimesoman.com/?p=306673 VANCOUVER, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE:ASE | FRANKFURT:1A9 | U.S.OTC:ASGOF) ("Asante" or the "Company") is pleased to announce the appointment of Frederick Attakumah as Executive Vice President and Country Director with effect from April 1, 2022.

    Mr. Attakumah holds a B.Sc. (Hons) in Electrical Engineering from the Kwame Nkrumah University of Science and Technology (Ghana) and a Master of Business Administration degree from the Henley Business School (UK). He has thirty years' experience in the mining industry spanning project development, operations management, sustainability, and corporate affairs.

    Prior to joining Asante, Mr. Attakumah was the Executive Vice President and Managing Director of Asanko Gold Ghana Limited. He has also held several senior executive roles including Managing Director of AngloGold Ashanti (Ghana) Limited and Vice President of Sustainability for AngloGold Ashanti's operations in Ghana.

    At the industry level, he held the position of First Vice President of the Ghana Chamber of Mines and concurrently served as a member of the Governing Council of the Private Enterprise Federation of Ghana (PEF). He has also served as President of the Canada Ghana Chamber of Commerce which is focused on building bilateral private sector relationships between Ghana and Canada. Mr. Attakumah has been a strong advocate for the positive role of the mining industry in the socio–economic development of African countries and the criticality of a multi–stakeholder approach in realizing this vision. He has contributed to several local and international panels, including the Mining Indaba, on this topic.

    Commenting on the appointment, Dave Anthony, CEO of Asante stated, "We are delighted to welcome Frederick as Executive Vice President and Country Director of Asante. The extraordinary capacity this appointment adds to our team supports our intention to develop a first tier mining company in West Africa. His proven leadership capacity, skill set and ability to engage key stakeholders will be critical to the further development and growth of Asante."

    In connection with the appointment of Frederick Attakumah, the Company has granted 1,000,000 incentive stock options to purchase common shares of the Company exercisable at $1.75 per share for a term of five years, such options to vest one–quarter on the date of grant and one quarter in each of six, nine and 12 months subject to the provisions of the Company's Equity Incentive Plan.

    About Asante Gold Corporation

    Asante is a gold exploration, development, and operating company with a high–quality portfolio of projects in Ghana, Africa's largest and most reliable gold producer. Asante is currently focused on 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 and the Frankfurt Stock Exchange and has announced plans to co–list its shares in Ghana. 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 surface and mining infrastructure.

    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.

    For further information please contact:

    Dave Anthony, President & CEO: +1 647 382 4215 (Canada) or +233 558 799 3309 (Ghana) or dave@asantegold.com
    Malik Easah, Executive Director, malik@asantegold.com
    Alec Rowlands, Capital Markets Consultant, alec@asantegold.com
    Valentina Gvozdeva, Manager IR, mailto: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 resources, reserves, exploration results, and development program at Bibiani, 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, 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.


    GLOBENEWSWIRE (Distribution ID 8513527)

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    Standard Lithium and Lanxess Finalize Plan for First Commercial Lithium Project in Arkansas http://www.businesstimesoman.com/standard-lithium-and-lanxess-finalize-plan-for-first-commercial-lithium-project-in-arkansas/ http://www.businesstimesoman.com/standard-lithium-and-lanxess-finalize-plan-for-first-commercial-lithium-project-in-arkansas/#respond Thu, 24 Feb 2022 12:00:00 +0000 http://www.businesstimesoman.com/?p=306185 VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) — Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSXV: SLI) (NYSE.A: SLI) (FRA: S5L), an innovative technology and lithium project development company, has reached an agreement (the "Agreement"), dated February 23, 2022, with its strategic partner, LANXESS Corporation ("Lanxess"), that streamlines and expedites the plan for development of the first commercial lithium project in Arkansas, which is to be constructed at an operational Lanxess facility in El Dorado, Arkansas (the "Project"). Under the Agreement, Standard Lithium will control all development of the Project leading up to and including the completion of the Front End Engineering Design ("FEED") study. Standard Lithium will hold, at a minimum, a 51% majority equity stake in the Project and may retain as much as 100% of the Project. The Company will also retain 100% ownership of its South West Arkansas Project, all its proprietary extraction technologies, relevant intellectual property and know–how.

    Robert Mintak, CEO of Standard Lithium commented, "This agreement builds upon the successful working relationship that has been established between the companies. By entering into this Agreement, Standard Lithium takes ownership of the Project and its development timelines with a clear path towards delivering the first new commercial lithium production in the USA in over 50 years.1 We have already begun the process of engaging and integrating the strategic team members to make this project a success. With the recent investment from our largest shareholder, Koch Strategic Platforms, we are fully funded to complete all planned Project milestones leading to a Definitive Feasibility Study, which is expected to be completed in Q4 2022".

    Key Highlights:

    • Standard Lithium will form an initially wholly–owned company ("Project Company") that owns 100% of the Project during pre–FEED and FEED engineering studies (see news release dated January 20th, 2022). The FEED engineering will be used to produce a NI43–101 Definitive Feasibility Study ("DFS") in Q4 2022;
    • Lanxess will, via a series of commercial agreements, provide the brine supply for the Project, the Project site lease, and rights of way, infrastructure, and other services for the Project;
    • Standard Lithium will provide a market fee–based license to the Project Company of its suite of intellectual property;
    • Standard Lithium is able to utilize its intellectual property, extraction technology and know–how at its 100% owned South West Arkansas Project, certain other sites in Arkansas and at all project sites outside of Arkansas, and will maintain control and ownership over the future development of its IP portfolio; and,
    • Lanxess is obliged to support development of the Project and upon completion of a DFS, has the option to acquire an equity interest in the Project Company of up to 49% and not less than 30%, at a price equal to a ratable share of SLL's aggregate investment in the Project Company.

    If Lanxess acquires an ownership interest:

    • The parties will share the costs of financing construction of the Project on a ratable basis; and,
    • Lanxess will have the right to acquire some, or all of the lithium carbonate off–take produced at the commercial plant at market–based terms less a handling fee.

    If Lanxess does not acquire an ownership interest:

    • Standard Lithium will own 100% of the Project including customary dividends, distribution, or similar rights;
    • Standard Lithium can elicit bids from other interested parties to buy up to 49% of the Project Company; and,
    • Lanxess will have the right to acquire some, or all of the lithium carbonate off–take produced at the commercial plant at a price of market minus up to 20%, to be agreed by Lanxess and Standard Lithium and taking into consideration several key commercial agreements (including the costs of brine supply and disposal for the Project, the Project site lease cost and rights of way, infrastructure, and other services for the Project).

    The parties have also agreed that development of the second and third projects on the Lanxess properties will be on a joint basis and that the parties will perform the same roles using similar contractual structures as the first Project. Lanxess will also have the right to purchase the lithium carbonate off–take from the additional projects upon market–based terms to be agreed by Lanxess and Standard Lithium, taking into consideration other commercial agreements required for their development (e.g. site leases, brine supply/disposal etc.).

    Advisors
    Stifel Nicolas Canada Inc. acted as financial advisor to Standard Lithium during negotiation of this Agreement.

    About Standard Lithium Ltd.
    Standard Lithium is an innovative technology and lithium development company. The Company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The Company operates its first–of–a–kind industrial–scale direct lithium extraction demonstration plant at Lanxess's south plant facility in southern Arkansas. The demonstration plant utilizes the Company's proprietary LiSTR technology to selectively extract lithium from Lanxess's tail brine. The demonstration plant is being used for proof–of–concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The Company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwest Arkansas, referred to as the South West Arkansas Lithium Project, and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.

    Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under the trading symbol "SLI"; and on the Frankfurt Stock Exchange under the symbol "S5L". Please visit the Company's website at http://www.standardlithium.com.

    On behalf of the Board of Standard Lithium Ltd.
    Robert Mintak, CEO & Director

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

    This news release may contain certain "Forward–Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and other similar words or expressions identify forward–looking statements or information. These forward–looking statements or information may relate to expected development of the Project and future phases, the timeline for completion of the DFS, negotiation of definitive documentation with Lanxess, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements. The Company does not intend, and does not assume any obligation, to update these forward–looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

    1 See https://pubs.usgs.gov/periodicals/mcs2021/mcs2021–lithium.pdf


    GLOBENEWSWIRE (Distribution ID 8491422)

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    YahClick, a Leading Global Satellite Services Operator, Selects Clear Blue Technologies’ Smart Off-Grid Solar Power Systems for Africa http://www.businesstimesoman.com/yahclick-a-leading-global-satellite-services-operator-selects-clear-blue-technologies-smart-off-grid-solar-power-systems-for-africa/ http://www.businesstimesoman.com/yahclick-a-leading-global-satellite-services-operator-selects-clear-blue-technologies-smart-off-grid-solar-power-systems-for-africa/#respond Thu, 03 Feb 2022 12:30:00 +0000 http://www.businesstimesoman.com/?p=306052 ONLY FOR DISTRIBUTION IN CANADA, THE UNITED STATES AND AFRICA

    NOT FOR DISTRIBUTION TO THE ADX NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UAE

    TORONTO, Feb. 03, 2022 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. ("Clear Blue" and the "Company") (TSXV: CBLU), today announces that YahClick, the leading satellite broadband service provider, has selected Clear Blue as its preferred Smart Off–Grid, solar power system provider for large deployments of its telecommunication customer sites across Africa. Initial orders worth $425,000 in revenue, from two YahClick customers, across 44 sites commenced shipping in Q4 2021. Follow–on shipments for these and other YahClick customers are expected throughout 2022, beginning in Q1.

    As a global Tier 1 satellite service provider, YahClick continues to strengthen its presence as a market leader in bringing connectivity across Africa. Initial installations under this partnership will begin in early 2022 for sites in Nigeria and Zambia, with an estimated target of close to 1,000 sites to be installed over the next 12 to 24 months. "Our partnership with Clear Blue delivers clean off–grid power to enable our proven, high speed, reliable, and affordable broadband connectivity for Africa's leading network providers of choice," said Farhad Khan, CEO of YahClick.

    Initial system sales are expected to generate gross margins in line with the Company's historical average. These orders were not included in Clear Blue's Q3 bookings of $2.9 million but are expected to be included in Q4 2021 results. The initial orders across 44 sites totaling $425,000 in revenue are expected to have an estimated $225,000 of additional ongoing revenue, representing a total estimated 5–year lifetime contract value of $650,000.

    Miriam Tuerk, Cofounder & CEO of Clear Blue, noted, "YahClick is a leader in broadband and satellite services across Africa. We are thrilled to be their partner as they roll out their customer networks across Africa. And this is only the beginning of Clear Blue's role in bringing wireless power management solutions to unserved and underserved populations."

    With well over a billion people unconnected in Africa, the economic need to provide telecommunication services to underserved populations remains a key driver across the continent. Mordor Intelligence indicates that to meet the growing telecom demand for services globally, over US$4.47 billion in spending on powering telecom tower rollouts will occur in 2022, growing to US$5.25 billion in 2025, a 3.25% CAGR.

    About YahClick

    YahClick (powered by Hughes) provides commercial Ka–band satellite broadband solutions to unserved and underserved communities across the Middle East, Africa, Central and Southwest Asia. YahClick aims to unlock the socio–economic potential of the communities it serves by bringing the benefits of digital inclusion through its cost–effective and high–performance broadband solutions. Delivered through the High Throughput Satellites (HTS), the service uses the efficiencies provided by the reusable ka–band satellite frequency and is powered by multi–spot beam technology to make satellite broadband affordable and dependable in areas where there is limited to no terrestrial infrastructure.

    YahClick is a joint venture between the UAE–based Al Yah Satellite Communications Company PJSC, which is a public company listed on the Abu Dhabi Securities Exchange (ADX) and a subsidiary of Mubadala Investment Company, and Hughes Network Systems, a subsidiary of EchoStar Corporation.

    For more information, visit: www.YahClick.com

    About Clear Blue Technologies International

    Clear Blue Technologies International, the Smart Off–Grid company, was founded on a vision of delivering clean, managed, "wireless power" to meet the global need for reliable, low–cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices, and other mission–critical systems. Today, Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF)

    For more information, contact:

    Miriam Tuerk, Co–Founder and CEO
    +1 416 433 3952
    investors@clearbluetechnologies.com
    www.clearbluetechnologies.com/en/investors

    Nikhil Thadani, Sophic Capital
    +1 437 836 9669
    Nik@SophicCapital.com

    Legal Disclaimer

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

    Forward–Looking Statement

    This press release contains certain “forward–looking information” and/or “forward–looking statements” within the meaning of applicable securities laws. Such forward–looking information and forward–looking statements are not representative of historical facts or information or current condition, but instead represent only Clear Blue's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Clear Blue's control. Generally, such forward–looking information or forward–looking statements can be identified by the use of forward–looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward–looking information contained herein may include, but is not limited to, information concerning the future phases of the project or future value of this project for any mentioned parties.

    By identifying such information and statements in this manner, Clear Blue is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Clear Blue to be materially different from those expressed or implied by such information and statements.

    An investment in securities of Clear Blue is speculative and subject to several risks including, without limitation, the risks discussed under the heading “Risk Factors” in Clear Blue's listing application dated July 12, 2018. Although Clear Blue has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward–looking information and forward–looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

    In connection with the forward–looking information and forward–looking statements contained in this press release, Clear Blue has made certain assumptions. Although Clear Blue believes that the assumptions and factors used in preparing, and the expectations contained in, the forward–looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward–looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward–looking information and forward–looking statements contained in this press release are made as of the date of this press release. All subsequent written and oral forward–looking information and statements attributable to Clear Blue or persons acting on its behalf is expressly qualified in its entirety by this notice.


    GLOBENEWSWIRE (Distribution ID 8468782)

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