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Kenorland Minerals Options South Uchi Project to Barrick Gold Corporation

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Option Agreement

Pursuant to the Option Agreement, Barrick can earn an initial 70% interest in the Project by incurring an aggregate of $6,000,000 in mineral exploration expenditures on or before the sixth anniversary of the Option Agreement (of which $3,000,000 are guaranteed expenditures within the first three years) and deliver a technical report in respect of the Project that establishes a mineral resource of at least one million ounces of gold prepared in accordance with the requirements of National Instrument 43-101 of the Canadian Securities Administrators.  As part of its exploration expenditures, Barrick will reimburse the Company for its sunk costs in relation to the Project and its costs incurred in exercising an underlying option that comprises part of the Project. 

Following the earning of a 70% interest, Barrick and Kenorland will form a joint venture in respect of the Project.  However, Kenorland will have the option to forego a minority joint venture interest and immediately vest a net smelter returns royalty interest of 3% on currently unencumbered claims and 2% on claims currently encumbered by an existing royalty.  If a joint venture is formed, Barrick will have an option to earn an additional 10% interest in the Project (for a total of 80%) by solely funding a feasibility study on or before the 10th anniversary of the Option Agreement.  In the event a joint venture participant dilutes to below 10% it will exchange its joint venture interest for a net smelter returns royalty of 2% on currently unencumbered claims and 1% on claims currently encumbered by an existing royalty. 

About the South Uchi Project

The Project covers a portion of Confederation Assemblage volcanic rocks, as well as the boundary between the volcanic-dominated Uchi subprovince to the north and the sedimentary-dominated English River subprovince to the south. Multiple major east-west striking shear zones associated with the subprovince boundary transect the Project along its 90km strike-length. Deformation associated with these structures has resulted in zones of strong shearing, alteration and complex folded geometries of the metavolcanic-clastic metasedimentary-iron formation stratigraphy, which are favorable settings for orogenic gold mineralization.

The majority of gold deposits in the Red Lake District (Red Lake, Madsen, Hasaga, and others) are located on the northern margin of the Confederation Assemblage, however, recent discoveries such as the LP Fault Zone on the Dixie Project by Great Bear Resources Ltd. highlight the prospectivity of the entire Confederation Assemblage along the southern margin of the Uchi subprovince.

In addition to the gold prospectivity, the Project meets many of the criteria for potential lithium pegmatite deposits, including the presence of the large Alison Lake batholith (a fertile peraluminous granite), which is partly covered by the project. Numerous lithium pegmatite occurrences are located in the region, including the McCombe deposit (Ardiden Ltd.) located immediately to the east of the Project. 

Qualified Person

Mr.  Jan Wozniewski, B. Sc., P. Geo., OGQ (#2239) is the “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Kenorland Minerals

Kenorland Minerals Ltd. (TSX.V KLD) is a mineral exploration Company incorporated under the laws of the Province of British Columbia and based in Vancouver, British Columbia, Canada. Kenorland’s focus is early to advanced stage exploration in North America.  The Company currently holds three projects in Quebec where work is being completed under joint venture and earn-in agreement from third parties. The Frotet Project is held under joint venture with Sumitomo Metal Mining Canada Ltd. (SMMCL), the Chicobi Project is optioned to SMMCL, and the Chebistuan Project is optioned to Newmont Corporation. The Company also owns 100% of the advanced stage Tanacross porphyry Cu-Au project as well as an option to earn up to 70% from Newmont Corporation on the Healy Project, both located in Alaska, USA.

Further information can be found on the Company’s website www.kenorlandminerals.com

Kenorland Minerals Ltd.
Zach Flood
President and CEO
Tel: +1 604 363 1779
[email protected] 

Kenorland Minerals Ltd.
Francis MacDonald
Executive Vice President
Tel: +1 778 322 8705
[email protected]

Cautionary Statement Regarding Forward Looking Statements

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects’, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will be taken”, “occur” or “be achieved”. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance 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 times frames or at all. Except where required by applicable law, 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.

Neither the 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. 

SOURCE Kenorland Minerals Ltd.


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Source: https://www.prnewswire.com:443/news-releases/kenorland-minerals-options-south-uchi-project-to-barrick-gold-corporation-301380129.html

Energy

Groundbreaking ceremony in Blomberg: Phoenix Contact builds an energy-efficient facility for machine building

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The new building will consolidate all the machine building units currently scattered around the Blomberg site, bringing them together in one place. The 18,500 m² site provides space for a production area, offices, and a canteen. In the future, 400 employees will work here. Energy efficiency was a top priority during the planning. Along with the high insulation standard of the building enclosure, heat recovery via a ventilation system and air compressors, and highly efficient plant technology, a photovoltaic system of more than 750 KWp will be installed on the roof. This way, a large portion of the energy demand can be covered by green electricity. The heart of the heating and cooling system is an ice storage tank that will provide the energy for the heat pumps, a technology that utilizes the high amount of energy released by freezing water in order to support heating. The ice that forms in this process can be used for low-cost cooling. “When the system is combined with solar collectors for the ice tank, we can store regenerative energy at a low temperature level without any losses,” Stührenberg explains. “This is yet another building block for increasing our share of self-generated energy from renewable sources.”

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SOURCE Phoenix Contact

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Source: https://www.prnewswire.com:443/news-releases/groundbreaking-ceremony-in-blomberg-phoenix-contact-builds-an-energy-efficient-facility-for-machine-building-301401792.html

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Energy

WORKPRO® Tools Renews Commitment And Increases Pledge To National Breast Cancer Foundation, Inc.®

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“This year, we at WORKPRO Tools want to continue to support the good work of NBCF, and we want to do so at an even higher level,” said Lily Chi, CEO of WORKPRO’s parent company, Hangzhou GreatStar Industrial Co., Ltd. “We are so proud to do what we can to support NBCF’s efforts to provide early detection and education about breast cancer and to support those who are dealing with the disease. Our company stands shoulder-to-shoulder with those who are facing this struggle.”

WORKPRO is featuring an assortment of essential hand tools, power tools and accessories that are appropriately colored in pink. Available on amazon.com, a portion of the proceeds from each tool will go directly to NBCF.  As part of the new commitment, WORKPRO Tools is stepping up its co-marketing efforts with NBCF.  WORKPRO is supporting NBCF’s mission by integrating NBCF’s marketing presence with its sponsored NASCAR XFINITY Race partnerships and in WORKPRO’S product marketing efforts.

About National Breast Cancer Foundation, Inc.®
Recognized as one of the leading breast cancer organizations in the world, National Breast Cancer Foundation (NBCF) is Helping Women Now® by providing early detection, education and support services to those affected by breast cancer. A recipient of Charity Navigator’s highest 4-star rating for 15 years, NBCF provides support through their National Mammography Program, Patient Navigation, breast health education, and patient support programs. For more information, please visit https://www.nationalbreastcancer.org/ 

About WORKPRO® Tools:
Since 2009, WORKPRO® Tools has been committed to leading the way with innovative tools for the home do-it-yourselfer. Developed by Hangzhou GreatStar Industrial Co., Ltd., the largest hand tool manufacturer in Asia, WORKPRO® Tools delivers a diverse variety of hand tools, power tools and storage solutions. Sold in over 100 countries around the world, WORKPRO® Tools strives to provide tools to those who take pride in completing a project themselves.
www.workprotools.com.

SOURCE GreatStar Industrial USA, LLC

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http://greatstartools.com/en/

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Source: https://www.prnewswire.com:443/news-releases/workpro-tools-renews-commitment-and-increases-pledge-to-national-breast-cancer-foundation-inc-301407106.html

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Energy

USD 1,289.57 Million Growth expected in Boiler Services Market by 2025 | 1,200+ Sourcing and Procurement Report | SpendEdge

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Major Price Trends in the Boiler Services’s Procurement Market

The pressure from substitutes and a moderate level of threat from new entrants has resulted in the moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for Boiler Services with the wider industry and identify the cost-saving potential..

  • The most widely adopted pricing models in the Boiler Services Market
    • Cost-plus pricing model
    • Variable pricing model

Download our free sample report to know more about the latest price trends and various pricing models

Will there be an Increase in the Spend Growth for Boiler Services Procurement?

The report provides a complete drill-down on Global Boiler Services spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend, and other key information is available individually for North America, South America, Europe, Middle East and Africa, and APAC.

Subscribe to our “Free Limited Period Starter Procurement Plan” to get the following:

  • View 6 full reports
  • View 800+ report samples
  • Pre-order upcoming reports
  • Dedicated account manager

Subscribe Now for FREE!

This procurement report answers help buyers identify and shortlist the most suitable suppliers for their Boiler Services Market requirements following questions:

  • Am I engaging with the right suppliers?
  • Which KPIs should I use to evaluate my incumbent suppliers?
  • Which supplier selection criteria are relevant for?
  • What are the workplace computing devices category essentials in terms of SLAs and RFx?

Download 5 Reports EVERY MONTH!

Get instant access to download 5 reports every month and view 1200 full reports. With every purchase, we also offer complimentary research add ons and Covid-19 impact assessments.

Purchase Report Download License

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Contact
SpendEdge
Anirban Choudhury
Marketing Manager
Ph No: +1 (872) 206-9340
https://www.spendedge.com/contact-us

SOURCE SpendEdge


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Source: https://www.prnewswire.com:443/news-releases/usd-1-289-57-million-growth-expected-in-boiler-services-market-by-2025–1-200-sourcing-and-procurement-report–spendedge-301405011.html

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Energy

IJGlobal reconhece a Atlas Renewable Energy com os prêmios Acordo de Energia do Ano ESG de 2020 e Social ESG

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O prêmio Social ESG foi concedido ao programa da Atlas “Somos parte da mesma energia”, uma iniciativa social lançada no Brasil, Chile e México, e implementada durante a fase de construção dos projetos de energia solar que a empresa está atualmente desenvolvendo nesses países.

O programa visa capacitar a força de trabalho feminina local com treinamentos que permitirão às mulheres optar por trabalhos mais técnicos na construção dos projetos. Ao mesmo tempo, a Atlas mobilizou seus empreiteiros para, no processo de contratação, dar prioridade às mulheres que participaram dos treinamentos. Esta iniciativa se tornou o principal programa social da Atlas e está alinhada com os Objetivos de Desenvolvimento Sustentável da ONU (5 – Igualdade de gênero, 8 – Trabalho decente e crescimento econômico, 10 – Redução de desigualdades e 12 – Consumo e produção responsáveis).

Até hoje, aproximadamente 1.000 mulheres foram treinadas em diferentes áreas, como construção civil, carpintaria, saúde e segurança, montagem de módulos, eletricidade, entre outras. Isso nos permitiu aumentar dos habituais 2% para 15% a participação feminina na construção dos projetos.

O programa “Somos parte da mesma energia” deve ser implementado nos novos projetos da empresa para que mais mulheres possam se beneficiar desses treinamentos e encontrar novas oportunidades de carreira.

A Usina Solar Jacarandá no Brasil também foi reconhecida pela IJGlobal com o prêmio Negócio de Energia Solar do Ano (Américas) devido à implementação bem-sucedida do programa “Somos parte da mesma energia” durante a construção do projeto.

Durante esse período, mais de 214 mulheres foram treinadas em habilidades técnicas. Entre as mulheres treinadas, 123 foram contratadas para fazer parte da construção da Jacarandá. No total, 159 mulheres foram contratadas, o que representou 17% do trabalho total contratado na Jacarandá durante o pico das obras. O projeto também se concentrou em contratar grupos sub-representados, como a população afrodescendente no estado da Bahia, que formou a maior parte da força de trabalho, 85% e 83% de homens e de mulheres afrodescendentes, respectivamente.

“É uma honra que a IJGlobal tenha reconhecido nosso programa de força de trabalho feminina “Somos parte da mesma energia” e sua implementação no projeto de energia solar Jacarandá”, disse Maria José Cortes, diretora de ESG da Atlas Renewable Energy. “Criar e implementar este programa tem sido uma experiência incrível para todos nós da Atlas, ajudando a abrir uma porta para novas oportunidades para mulheres em áreas rurais na América Latina e mudando paradigmas. Estamos muito orgulhosos disso, mas sabemos que ainda há muito a ser feito em termos de D&I. Esperamos que este programa promova a base de práticas mais inclusivas em nosso setor e nas comunidades onde atuamos.”

Sobre a Atlas Renewable Energy 

A Atlas Renewable Energy é uma empresa de geração de energia renovável que desenvolve, constrói e opera projetos de energia renovável com contratos de longo prazo em todas as Américas. O portfólio atual da empresa é de 2,2 GW de projetos contratados nos estágios de desenvolvimento, construção ou operação, e visa expandir para mais 4 GW nos próximos anos.

Fundada no início de 2017, a Atlas Renewable Energy conta com uma equipe experiente com o histórico mais longo em energia solar do setor da América Latina. A empresa é reconhecida por seus altos padrões no desenvolvimento, construção e operação de projetos em larga escala.

A Atlas Renewable Energy faz parte da Energy Fund IV, fundada pela Actis, uma importante investidora de capital privado no setor de energia. O crescimento da Atlas Renewable Energy se concentra nos principais mercados e economias emergentes, utilizando seus conhecimentos comprovados em desenvolvimento, comercialização e estruturação para acelerar a transformação para a energia limpa. Ao interagir ativamente com a comunidade e com as partes interessadas no centro de sua estratégia de projeto, a empresa trabalha incansavelmente para oferecer um futuro mais limpo.

Para saber mais sobre a Atlas Renewable Energy, acesse: www.atlasrenewableenergy.com

Logotipo – https://mma.prnewswire.com/media/1441896/Atlas_Renewable_Energy_Logo.jpg 
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FONTE Atlas Renewable Energy

Related Links

https://www.atlasrenewableenergy.com
www.atlasrenewableenergy.com/en/

SOURCE Atlas Renewable Energy

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Source: https://www.prnewswire.com:443/news-releases/ijglobal-reconhece-a-atlas-renewable-energy-com-os-premios-acordo-de-energia-do-ano-esg-de-2020-e-social-esg-869280662.html

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