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Battle North Gold Reports First Quarter 2021 Financial Results and Reminds Shareholders of Annual and Special Meeting of Shareholder Proxy Voting Deadline

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TORONTO, May 6, 2021 /PRNewswire/ – Battle North Gold Corporation (TSX: BNAU) (OTCQX: BNAUF) (“Battle North” or the “Company“) announces that it has filed its interim Financial Statements and Management’s Discussion and Analysis (“MD&A“) for the quarter ended March 31, 2021 (“Q1-2021“). Copies of these filings can be obtained at www.battlenorthgold.com or under the Company’s profile at www.sedar.com. All references to dollars herein are in Canadian dollars (“$”) unless otherwise specified.

Financial Highlights

  • Cash position: As of March 31, 2021, the Company had cash and cash equivalents and short-term investments of approximately $34.8 million.
  • Exploration and evaluation expenditures: For the three months ended March 31, 2021, the Company spent approximately $6.3 million in expenditures related to drilling, maintenance and technical consulting fees, including work on the Feasibility Study for the F2 Gold Deposit at the Bateman Gold Project. Expenditures were higher by $3.2 million compared to the same period in 2020 due to development expenditures at the Bateman Gold Project and exploratory drilling.
  • General and administrative expenses (including salaries and benefits, and consulting and professional fees): The Company spent approximately $1.7 million on expenditures related to general and administrative, salaries and benefits, and consulting and professional fees in Q1-2021, higher by $0.8 million due to higher professional fees due to the Transaction (described below) and investor relations expenditures than during the same period in 2020.

2021 Outlook

As of May 6, 2021, the Company had cash and cash equivalents of approximately $30 million. Essential ramp development work, stope definition diamond drilling, and engineering for both the ammonia treatment plant and the tailings management facility at the Bateman Gold Project are ongoing. However, certain other non-essential activities, including regional exploration at the Project, have been curtailed, suspended or deferred in accordance with the requirements of the arrangement agreement with Evolution Mining Limited.

2021 Annual General and Special Meeting of Shareholders

As a reminder, Battle North will host its Annual General and Special Meeting of Shareholders on May 11, 2021 at 4:30 p.m. (Eastern Time) via live audio webcast at https://web.lumiagm.com/207274698 (the “Meeting“). For further details of the Meeting, please refer to the April 15, 2021 news release and management information circular (the “Circular“) and other the materials for Meeting (collectively, the “Meeting Materials“) available at www.battlenorthgold.com/EvolutionAcquisition or under the Company’s profile at www.sedar.com

Battle North would like to remind shareholders to cast their votes for the resolutions that will be voted on at the Meeting in advance of the proxy voting deadline of 4:30 p.m. (Eastern Time) on May 7, 2021.

The Board of Directors of the Company UNANIMOUSLY RECOMMENDS that Battle North shareholders vote FOR the Arrangement.

The Company encourages Battle North shareholders to read the Circular and other Meeting Materials.

Enquiries Regarding the Arrangement and Meeting

Battle North shareholders with questions regarding the Arrangement and the Meeting should contact the Company’s proxy solicitation advisor, Shorecrest Group Ltd.:

By Telephone: +1-888-637-5789 for toll-free North America 
By Telephone: +1-647-931-7454 for International collect calls 
By Email: [email protected]

Acquisition of Battle North by Evolution

On March 14, 2021, Battle North announced that it had entered into a definitive arrangement agreement with Evolution pursuant to which a wholly-owned subsidiary of Evolution, Evolution Mining (Canada Holdings) Limited agreed to acquire all of the issued and outstanding shares of Battle North (the “Transaction“) at a price of C$2.65 per common share in cash, for total consideration for all issued and outstanding shares pursuant to the Transaction of approximately C$343 million.

The Transaction will be implemented by way of a statutory plan of arrangement involving the Company, Evolution and Acquireco, pursuant to Division 5 of Part 9 of the Business Corporations Act (British Columbia) (the “Arrangement“). The Arrangement is subject to approval of the Supreme Court of British Columbia (the “Court“) as well as Battle North shareholders at the Meeting.

On April 9, 2021 the Court granted an interim order that, among other things, authorized Battle North to call and hold the Meeting to approve the Arrangement. The hearing date for the application to the Court for the final order approving the Arrangement has been scheduled for May 17, 2021.

In order to become effective, at the Meeting, the Arrangement must be approved by an affirmative vote of at least: (a) two-thirds (66⅔%) of the votes cast by Battle North shareholders present in person or represented by proxy at the Meeting and entitled to vote thereat, and (b) a simple majority (50%) of the votes cast by the Battle North shareholders present in person or represented by proxy at the Meeting and entitled to vote thereat, excluding the votes cast by such shareholders that are required to be excluded pursuant to Multilateral Instrument 61-101.

The Arrangement is anticipated to be completed by the end of May 2021, subject to obtaining the approval of Battle North shareholders and the Court, as well as the satisfaction or waiver of other customary closing conditions.

About Battle North

Battle North is developing the Bateman Gold Project to become the next gold producer in the renowned Red Lake Gold District in Ontario, Canada and controls the second largest exploration ground in the district. Battle North also owns a large gold exploration land package on the Long Canyon gold trend near the NevadaUtah border in the United States. Battle North’s shares are listed on the Toronto Stock Exchange (BNAU) and the OTCQX markets (BNAUF). For more information, please visit our website at www.battlenorthgold.com.

BATTLE NORTH GOLD CORPORATION
George Ogilvie, P.Eng.
President, CEO, and Director

Cautionary Statements regarding Forward-Looking Statements and Other Matters

All statements, other than statements of historical fact, contained or incorporated by reference in this news release constitute “forward-looking statements” and “forward looking information” (collectively, “forward-looking statements“) within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipated”, “assumption”, “contingencies”, “developing”, “estimate”, “expectation”, “exploration”, “factors”, “feasibility”, “forward”, “future”, “may”, “model”, “need”, “plan”, “potential”, “project”, “risk”, “strategic”, “study”, “subject to”,  “trend”, “uncertainties”,  and “will”, or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, may, could, should, will (or not) be achieved, occur, provide or result in the future. In some cases, forward-looking information may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect. Forward-looking statements include statements regarding the 2021 Outlook; and the Meeting, the Transaction and the Arrangement including the timing and outcome of the Meeting, the anticipated timing of the closing of the Transaction, the satisfaction of closing conditions (including required Battle North shareholder and Court approvals in connection with the Arrangement), and the merits of the Arrangement to Battle North shareholders (including the reasons and benefits for the Arrangement).

Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made.  If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements. The assumptions, estimates, expectations and opinions referenced, contained or incorporated by reference in this news release which may prove to be incorrect include those set forth herein, as well as the current Technical Report for the Bateman Gold Project dated January 27, 2021 (the “Technical Report“), the Company’s annual information form dated March 29, 2021 (“2021 AIF“) and the Company’s Management’s Discussion and Analysis for the quarter ended on March 31, 2021 (the “Q1 2021 MD&A“) and accompanying financial statements, all available under the Company’s profile at www.sedar.com and on its website at www.battlenorthgold.com.

Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results, performance or achievements of Battle North to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, among others: the risk that the Arrangement will not be approved by the shareholders of Battle North; the failure to, in a timely manner, or at all, obtain the required Court approval of the Arrangement; the failure of the parties to otherwise satisfy the conditions to complete the Arrangement; the possibility that Battle North could terminate the Arrangement agreement as a result of a superior proposal that is not matched by Evolution or Acquireco; the effect of the announcement of the Transaction on Battle North’s strategic relationships, operating results and business generally; significant transaction costs or unknown liabilities; the risk of litigation that could prevent or hinder the completion of the Arrangement; other customary risks associated with the Transaction as more particularly described in the Circular; the impact of any merger, acquisition or other strategic transaction involving the Company including any acquisition or other change in control of the Company; the “Risk Factors” in the 2021 AIF, the risks, uncertainties, contingencies and other factors identified in the Technical Report and the Q1 2021 MD&A (and accompanying financial statements). The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company’s business, financial condition and prospects that is provided in the 2021 AIF and the other aforementioned documents.

The forward-looking statements referenced or contained herein are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the 2021 AIF, the Technical Report and the Q1 2021 MD&A (and accompanying financial statements).  Forward-looking statements contained herein are made as of the date of this news release (or as otherwise expressly specified) and Battle North disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable laws.

SOURCE Battle North Gold Corporation

Related Links

http://www.battlenorthgold.com/

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Energy

Helmsley Grants $20 Million To EMI For Improvements To Water, Sanitation, And Hygiene (WASH) In Rural Alaska

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COLORADO SPRINGS, Colo., June 14, 2021 /PRNewswire/ — The Leona M. and Harry B. Helmsley Charitable Trust today announced a new $20,434,374 grant to Engineering Ministries International (EMI) for improvements to water, sanitation, and hygiene (WASH) in rural Alaska. This three-year grant will support efforts for sustainable and affordable water and sewer services at the state, regional, community, and household level. The work includes installing and improving remote monitoring equipment in 139 communities statewide to improve operation and maintenance of water and sewer utilities; establishing a regional utility assistance program in partnership with the Norton Sound Health Corporation to benefit 15 target communities in the Bering Strait Region; and construction of community and household water and sewer projects within the targeted region.

The Alaska Department of Environmental Conservation estimates that approximately 3,300 rural homes lack access to safe water and basic sanitation. For domestic water supply, many of these residents have no other option than to haul water to their home with a five-gallon bucket. For toilets, a separate five-gallon bucket (commonly called a honey bucket) is used in the home and dumped outdoors when filled.   

EMI has worked in over 100 low- and middle-income countries around the world and is familiar with the tremendous WASH needs in many of these locations, which are similar to the needs in parts of Alaska.

“We are excited about partnering with the Helmsley Charitable Trust to make a positive impact in these remote, rural communities,” says John Dallmann, president of EMI. “Sustainability and affordability are some of the greatest challenges for WASH community development in any context,” according to Jason Chandler, EMI’s WASH program manager. “Appropriate design and technology are critical to success, but even the simplest solutions will ultimately fail if they are not addressing a felt need in the community and cannot be maintained long-term, which is why we are so pleased to have local support and enthusiasm for this effort.”

In remote areas of Alaska, these challenges exist and are particularly compounded by harsh Arctic conditions. To keep water from freezing at 50 degrees below zero and contend with permafrost, unique system design and installation are required that can come at a very high cost. Some of the greatest difficulties are the continual operation and maintenance of these systems. 

EMI is working alongside the Norton Sound Health Corp. (NSHC) and the Alaska Native Tribal Health Consortium (ANTHC) to help address these challenges. The NSHC and ANTHC are the regional and state nonprofit Tribal health organizations working in the Bering Strait region to meet the unique health needs of Alaska Native and Native American people. This includes the need for water and sewer services in rural communities and homes. According to John Nichols, the Rural Utility Management Services director for ANTHC, “Alaska has worked for decades to provide sustainable and affordable water and sewer services to its rural communities. In 1995, the Alaskan governor promised to ‘put the honey bucket in the museum.’ While many communities have been provided services, 32 Alaskan communities still rely on honey buckets.”

Norton Sound Health Corp. President and CEO Angie Gorn went further to say, “In the Bering Strait region alone; 370 homes lack potable water, and over 450 homes have no water or sewer. This is a silent public health crisis and many of these deleterious health impacts could be prevented if all residents had access to basic sanitation. This funding opportunity will help our communities repair aging systems, prevent emergencies, and make progress toward the dream of having piped water and sewer service. Joanne Keyes, who represents the Native Village of Wales on the NSHC Board said, “We have been promised that our honey buckets will be hung in the museums, and my community is still awaiting this day!”

The need for water and sanitation improvements is one that Alaska’s own Rasmuson Foundation highlighted in 2019 when hosting philanthropies from around the country, including the Helmsley Charitable Trust. Many groups and individuals are unaware of how their philanthropic strategic interests align with community needs in the state of Alaska, and Rasmuson Foundation works to bridge that gap while making investments of their own.

“At Helmsley, we are committed to supporting holistic solutions that build health and resilience at the community level, and a safe, reliable water supply is at the heart of this,” said Walter Panzirer, a trustee of the Helmsley Charitable Trust. “In 2021, nobody in the United States should have to live without running water in their homes, especially amidst a pandemic. We are excited to support the transformation that EMI, the NSHC and the ANTHC have planned for families living in the Bering Strait Region.” Helmsley supports WASH improvements across sub-Saharan Africa, and during his 2019 Alaska visit Mr. Panzirer saw first-hand how great those same needs are here, too.

EMI is a Christian nonprofit made up of architects, engineers, surveyors, and construction managers. Since 1982, its worldwide mission is to develop people, design structures, and construct facilities which serve communities and the Church. It says “together, we are designing a world of hope.”

The Leona M. and Harry B. Helmsley Charitable Trust aspires to improve lives by supporting exceptional efforts in the United States and around the world in health and select place-based initiatives. Since beginning active grantmaking in 2008, Helmsley has committed more than $3 billion for a wide range of charitable purposes.

SOURCE The Leona M. and Harry B. Helmsley Charitable Trust

Related Links

https://helmsleytrust.org

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S&C Electric Company Introduces New Sustainable Switchgear Design

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CHICAGO, June 14, 2021 /PRNewswire/ — S&C Electric Company, a leading grid innovator improving power reliability and delivery worldwide, today announced the launch of a new version of its Vista® Underground Distribution Switchgear to support sustainability goals. A sulfur hexafluoride (SF6) gas-free switchgear alternative, S&C’s Vista green designs use a mixture of carbon dioxide (CO2) and 3M™ Novec™ 4710 Insulating Gas that offers a more than 97 percent reduction in CO2e, or carbon dioxide equivalent, versus SF6 gas.

Presently available in ratings up to 38 kV and 25 kA, Vista green designs are an ideal solution for utilities planning for an alternative to SF6 gas switchgear without compromising on performance. The insulating gas blend meets California Air Resources Board (CARB) requirements for SF6 gas phase-out and does not require Federal EPA reporting for utilities. The switchgear’s robotically welded, stainless steel tanks are hermetically sealed during production, eliminating the need for crews to handle gas in the field.  

“Utilities around the world are looking to reduce their carbon footprint and adhere to regulations designed to track and limit the use and emission of gases such as SF6,” said Mark Stavnes, S&C chief product development officer. “We developed this new version of Vista switchgear to support our customers as they navigate this changing landscape and reinforce S&C’s commitment to sustaining the planet.”

Features and benefits of Vista green designs include:

  • Three-position switches and arc-resistance increases safety
  • Vacuum interrupters and visible disconnects for improved line crew safety
  • Same performance, reliability, ratings, and footprint as Vista switchgear using SF6 gas
  • Lowest total carbon footprint available for submersible, medium-voltage switchgear

“We’re thrilled to collaborate with S&C to provide a sustainable switchgear alternative using 3M Novec 4710 Insulating Gas,” said Erik Olson, 3M global marketing manager. “As SF6 alternative gas technologies continue to advance and become more widely used, 3M is proud to help pave the way toward a greener grid and a more sustainable future.”

For additional information on S&C Vista green designs, including product ratings and specifications, visit sandc.com/vistagreendesigns.

About S&C Electric Company
S&C Electric Company, with global headquarters in Chicago, is applying its heritage of innovation to address challenges facing the world’s power grids and is thus shaping the future of reliable electricity delivery. The mission of employee-owned S&C Electric Company is to continually develop new solutions for electricity delivery, fostering the improved efficiency and reliability required for the intelligent grid. Additional information about S&C is available at www.sandc.com.

About 3M
At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M’s creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews. 3M and Novec are trademarks of 3M Company.

SOURCE S&C Electric Company

Related Links

https://www.sandc.com

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TXU Energy Kicks Off 2021 Beat the Heat Program, Providing Thousands of Fans and A/C Units to Those in Need

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IRVING, Texas, June 14, 2021 /PRNewswire/ — As Texans work to build back from the hardships of 2020, TXU Energy remains committed to helping fill the gaps – supporting the health and well-being of our neighbors. The company’s 23rd annual Beat the Heat program includes drive-thru distributions of new air conditioning units and fans,  summer energy conservation tips, and information on financial assistance available both at the state level and for TXU Energy customers.

“For too many Texas families, the summer season brings stress. Whether that’s worrying about how to pay their electricity bill or facing the dangerous reality of not being able to keep cool, TXU Energy wants to lighten the load,” said Scott Hudson, president of TXU Energy. “This summer, there’s a record amount of assistance available – but you have to know where to look. Our team is dually focused on helping provide immediate relief from the heat and spreading the word about a range of bill-payment assistance options for those in need. We want people to know that help is available.”

TXU Energy’s latest $75,000 Beat the Heat contribution directly supports 10 social service organizations assisting people across Texas. With donations to be distributed throughout the summer, Beat the Heat giving highlights include, among others:

  • Dallas – The Senior Source: $25,000 will go toward the purchase of new window air conditioning units for older adults. This donation helps The Senior Source achieve its goal of giving away at least 200 air conditioning units this year. The drive-thru distribution event takes place on July 17.
  • Houston – BakerRipley: $10,000 will fund the purchase of 550 fans for neighbors across the Houston area. BakerRipley will distribute the fans, along with fresh fruits and vegetables, during a drive-thru event on June 15.
  • Tarrant County – Meals On Wheels: $7,500 will help purchase fans and air conditioning units for seniors and homebound Meals On Wheels clients across Tarrant County.
  • Corpus ChristiMission 911: $5,000 will go toward purchasing box fans for neighbors in need. Fans and box lunches will be distributed at a Mission 911 event on July 26.
  • Abilene – United Way of Abilene: $5,000 will fund the purchase of box fans to be distributed to partner agencies in West Central Texas’ Basic Needs Network.

Summer 2021 bill-payment assistance is available:

  • State Relief:  Stimulus funding has significantly increased the assistance dollars available to Texans, including an additional $134 million to the state’s Comprehensive Energy Assistance Program (CEAP) and $1.3 billion to the Texas Rent Relief Program. These programs can help customers pay current, past due, and even future electricity bills. Customers do not need a disconnect notice to apply. For information about Texas Rent Relief visit texasrentrelief.com or call 1-833-989-7368.  For information about CEAP and other assistance programs call 211 or visit 211texas.org and type “electricity bill assistance” in the search box.
  • TXU Energy Customer Relief: TXU Energy continues to provide bill-payment assistance to customers in need through its TXU Energy AidSM program. For over 35 years, these funds, donated by employees, customers, and the company, have been distributed by TXU Energy Aid partner agencies. For information on which social service agencies are providing assistance, Texans should call 211 or visit 211Texas.org and type “electricity bill assistance” in the search box. 

About TXU Energy
More Texans trust TXU Energy to power their homes and businesses than any other electricity provider. We’re passionate about creating experiences and solutions tailored to fit the needs of our customers, including electricity plans, online tools to help save, renewable energy options and more. TXU Energy is also committed to cultivating a dynamic and enjoyable workplace where all our people can succeed. Visit txu.com for more. TXU Energy is a subsidiary of Vistra (NYSE: VST).  REP #10004

http://twitter.com/txuenergy
http://www.youtube.com/txuenergy 
http://www.facebook.com/txuenergy 

SOURCE TXU Energy

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Energy

Grupo Simec, S.A.B. de C.V. (NYSE: SIM) significant event (unusual movements)

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Subject: unusual movements in the negotiation of the shares comprising the share capital of “SIMEC” series “B”

GUADALAJARA, México, June, 14, 2021 /PRNewswire/ — Regarding the unusual movements presented today in the operation of identified with ticker symbol “SIMEC” (NYSE: SIM;NYSE-MKT: SIM; Mexico: SIMECB) values, the issuer company reports: are not the causes of our knowledge that could give rise to them and that they correspond to conditions of the market.

Is not of knowledge presented in the movements had been involved members of its board of directors, executive officers or repurchase fund.

Contact:
Mario Moreno Cortez
+52-33-3770-6734
[email protected]

SOURCE Grupo Simec, S.A.B. de C.V.

Related Links

http://www.gsimec.com.mx

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