Daily Finance Archives - Page 26 of 40

Drilling at Congress Gold Mine Project Returns as high as 14.9 g/t Gold over 1.5m

Casa Minerals Inc. (TSX: CASA) (OTC Pink: CASXF) (FSE: 0CM) (the “Company” or “Casa”) is pleased to announce the assay results of the initial exploration at its Congress Gold Mine Project in Yavapai county, Arizona, USA. Casa’s work included compilation of historic data and drilling of ten holes with total length 6,828ft HQ Diameter. Results of the field program exceeded expectations, with all the drill holes intersecting the Niagara and Congress Veins extensions on the property and yielded several noteworthy gold intercepts and long intervals of strong gold enrichment.

Figure 1: Congress Gold Mine Project compilation map

Figure 2: Congress Gold Mine Project – Section 2 – 2′

Figure 3: Congress Gold Mine Project – Section 5 – 5′

The highest gold intercepted in phase one, 2022 drilling campaign:
– CCG-004 14.9 g/t over 1.5 meters, as part of a larger intercept of 3.5 g/t over 10.7 meters
– CCG-004 9.3 g/t over 3 meters.

Three distinct areas of gold potential have been identified, two of which were revealed by previous drilling and one is newly discovered, and named for convenience, Congress z1, z2 and z3, respectively. These results demonstrate significant exploration potential of the property.

The following map illustrates the identified and confirmed Congress z1, z2 and z3:

Figure 1: Congress Gold Mine Project compilation map
https://images.newsfilecorp.com/files/1750/153170_8eed1009d4d8f8cb_001full.jpg

Casa’s diamond drilling program tested possible extensions of the formerly-productive Congress and Niagara vein structures and nearby areas. Cores were examined, recorded and sampled with the supervision of personnel from MineMappers, LLC, of Marana, Arizona and Mark Osterberg, ((PhD., P.G., Wisconsin), R.G. (Arizona), RMSME, a qualified registered consulting geologist in the state of Arizona.

Prior to sampling, cores were recorded, photographed and logged for rock types and structures, then halved by sawing: one half was submitted to an independent, ISO 9000 registered commercial analytical laboratory, with initial processing at the lab’s Tucson, Arizona, facility and final analysis in Vancouver, Canada. The remaining half-core was retained in a secure storage facility on the property where it is available for further examination. Core handling procedures followed industry-standard QA/QC methods to ensure integrity of analytical data.

Selected gold intercepts are depicted in Table 1:
https://www.acnnewswire.com/docs/Multimedia/Low_Table202302011.jpg

Casa’s extensive database of Congress property information is from several sources, including public archives, records of previous operations and Dubois family records. Table 2 is a compilation of some of the significant gold intersections from those records. Data in this news release from earlier sources has not been reviewed or verified by a Qualified Person and should not be relied upon in any evaluation of the Congress Mine.

Selected historic gold intercepts are tabulated in Table 2:
https://www.acnnewswire.com/docs/Multimedia/Low_Table202302012.jpg

Casa’s drilling (Figure 1) was directed to southeast parts of the Congress Mine where historic work indicated possible extensions of mined areas and to other areas of potential gold mineralization. Vertical sections Figures 2, and 3 illustrate the location of previous drill holes, mine workings and Casa drill holes.

Figure 2: Congress Gold Mine Project – Section 2 – 2′
https://images.newsfilecorp.com/files/1750/153170_8eed1009d4d8f8cb_002full.jpg

Figure 3: Congress Gold Mine Project – Section 5 – 5′
https://images.newsfilecorp.com/files/1750/153170_8eed1009d4d8f8cb_003full.jpg

(A complete historic mine plan and sections are posted on the company’s website at https://www.casaminerals.com/elementor-784/historical-drillings-and-layouts )

The Congress gold mine operated at intervals from 1887 to 1992, with reported production of about 400,000 to 500,000 ounces gold by previous operators included Echo Bay Mines Ltd. and Malartic Hygrade. Casa Minerals Inc. owns ninety percent (90%) interest in the Congress gold mine from 40 feet depth and beyond, subject to a 1.5% Net Smelter Royalty (Arizona, USA). The property comprises 14 patented mining claims with area 260 acres and undivided one hundred percent of the 494.8 acres that Casa acquired by staking. In a small part of the property, Surface rights to depth 40 feet (9 m) in part of the property are held by a third party. Gold mineralization occurs with vein quartz and in areas of strong siliceous alteration in granite.

Qualified Person:

Mr. Erik Ostensoe P.Geo., a director and chief geologist of the Company, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure in this news release.

About Casa Minerals Inc.

The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the USA. Casa owns ninety percent (90%) interest in the Congress gold mine (Arizona, USA). This historic high-grade gold producing mine has not been explored nor been in production since 1992. Additionally, the Company owns a one hundred percent (100%) interest in the polymetallic Pitman and Keaper properties (BC, Canada) and has an option to acquire a seventy-five percent (75%) interest in the Arsenault VMS Property (BC, Canada).

On Behalf of Board of Directors
Farshad Shirvani, M.Sc. Geology
President and CEO

For more information, please contact:
Casa Minerals Inc.
Farshad Shirvani, President & CEO
Phone: (604) 678-9587
Email: contact@casaminerals.com
https://www.casaminerals.com

Job Market in Malaysia Thrives with 65% Increase in Retail Hiring: foundit Insights Tracker

Malaysia recorded a robust 21% year-on-year growth in e-recruitment activity in December ’22 compared to the same month a year ago, according to the foundit Insights Tracker (fit), formerly published as Monster Employment Index (MEI). The growth is attributed to the country easing travel restrictions and opening its borders. The company Monster APAC & Middle East was rebranded as foundit in ‘December 2022.

The Index stands at 76 with 3% month-on-month growth, driving a spree in hiring activity in December ’22. According to fit, the job market has shown noteworthy growth month over month, projecting a continuous demand in the job market. Moreover, over the last three months, there has been a robust 10% growth in hiring across sectors, indicating a persistent demand in the labour market.

The retail industry experienced an impressive 65% increase in hiring activity year-over-year, primarily due to robust retail sales and an upward trend in consumer sentiment. The easing of Covid rules and regulations, fast-growing retail business, along with borders reopening to boost import/export and resume travel have aided the boost in retail jobs. Similar trends were observed in the hospitality sector, where job demand increased significantly by 55%. With a 34% increase in hiring activity, the BFSI sector also maintained its upward trend.

Commenting on job trends for December 2022, Sekhar Garisa, CEO, foundit APAC & ME, said, “The job market in Malaysia is showing strong and sustained demand, as reflected in the impressive growth numbers reported by the foundit Insights Tracker. This is a testament to the country’s success in easing travel restrictions and reopening its borders, which has led to a surge in demand across various sectors, particularly in retail, hospitality, and BFSI. The overall picture is of resilience and growth, even though some sectors have experienced difficulties due to global economic uncertainty. We believe that this trend will persist in the upcoming months.”

Other sectors that showed encouraging growth in December ’22 are Logistic, Courier/ Freight/ Transportation, Shipping/ Marine (+32%), Oil and Gas (+1%), Production/Manufacturing, Automotive and Ancillary (+2%) and Engineering, Construction and Real Estate (+2%) sector from the year-ago level. The advertising, Market Research, Public Relations, Media and Entertainment industry also saw tremendous growth (+15%) in December 22, led by a surge in digital marketing initiatives and artificial intelligence (AI) deployment.

While the Index reflects a year-on-year hiring dip in IT, Telecom/ISP, and BPO/ITES by 13%, the monthly hiring demand in the sector has seen a notable increase. However, hiring in this sector has slowed in recent months, primarily due to ongoing global economic uncertainties.

Online recruitment surpassed the year-ago level in 8 of the 9 occupation groups monitored by the tracker, with Hospitality & Travel leading the charge at (+212%). This is due to the opening of land and air borders as the country has completely eased out of the Covid-19 pandemic and opened its land borders with Singapore. This factor has also contributed to the positive growth in Sales & Business Development job roles (+28%). The increased penetration of digitization across all sectors, followed by a pickup in Finance & Accounts (+29%) roles, registered an increased demand and has maintained resolute growth rates since April ’21. However, among all monitored functions, customer service is the only one to have registered a de-growth of 17% in December ’22.

The foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by foundit. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the foundit Insights Tracker (FIT) presents a snapshot of employer online recruitment activity nationwide.

Period for the report
The period considered for the foundit Insights Tracker (fit) data is 1st to 31st December, 2022.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has assisted over 75 million registered users to find jobs, upskill, and connect with the right opportunities across 18 countries. Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalized job searches, and precision hiring. foundit strongly believes that a job title doesn’t define one’s potential and leverages technology to dig deeper to curate opportunities central to the needs and aspirations of each user.

To learn more, about foundit in APAC & Gulf,

Contact:
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

Austral Gold Announces Drill Results at Casposo-Manantiales

Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (“Austral”) is pleased to announce the results from its recent drilling campaign (“drilling program”) at the Casposo-Manantiales Project located in the province of San Juan, Argentina. The Company drilled 4,265 metres of diamond drilling (“DD”) in 15 DD holes.

Table 1: Manantiales and Cerro Amarillo Drill hole Results

The focus of the drilling program was to follow up on the results achieved in previous drilling campaigns at the Manantiales vein disclosed in the 27 July 2022 and 26 October 2021 announcements. The follow-up drilling program at the Manantiales vein intercepted high gold grades at the top and bottom of the central ore-shoot, indicating possible continuity at depth. The best two holes intercepted high-grade gold confirming the continuity of mineralisation in the central ore-shoot and opening the upside at depth. During 2022, 6,585 metres were drilled in 27 DD holes and total exploration costs were US$2.8 million.

At Cerro Amarillo, which is close to the Manantiales vein (see map below), two holes were drilled; one in Awada (152 metres), and the other in La Puerta (326 metres) to test for new structural and ore controls. Favourable alteration was intercepted with discrete gold anomalies.

The AWD-22-003 hole located in the western sector of Awada recognised strong silicification in approximately 50 metres, although with low gold anomalies. At La Puerta, the objective of drill hole LPO-22-004 was to intercept the veins in more favourable host rock, however the structures were intercepted in Oveja Negra Fm without significant gold values.

Austral Gold’s Chief Executive Officer, Stabro Kasaneva said: “We are pleased to complete the 2022 drilling program of approximately 7,000 metres over two phases at the Casposo-Manantiales project. The outcome of the program was positive with some encouraging assays reported, and we look forward to the design of our next drilling campaign considering our objective to restart mining operations at the Casposo-Manantiales project.”

Casposo-Manantiales Project
https://images.newsfilecorp.com/files/690/152868_26e07484945ba909_002full.jpg

Manantiales Vein Long Section
https://images.newsfilecorp.com/files/690/152868_26e07484945ba909_003full.jpg

Manantiales Vein Drill-hole map
https://images.newsfilecorp.com/files/690/152868_26e07484945ba909_004full.jpg

Competent Person

Technical information in this media release that relates to Exploration Results is based on work supervised, or compiled on behalf of Robert Trzebski, a Director of the Company. Dr. Trzebski, who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and qualifies as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ consents to the inclusion of the technical information that he has reviewed and approved or has been compiled on his behalf.

About Austral Gold Limited

Austral Gold Limited is a gold and silver explorer and mining producer whose strategy is to expand the life of its cash generating assets in Chile, restart its Casposo-Manantiales mine complex in Argentina and build a portfolio of quality assets in Chile, the USA and Argentina organically through exploration and via acquisitions and strategic partnerships. Austral owns a 100% interest in the Guanaco/Amancaya mines in Chile and the Casposo-Manantiales mine complex (currently on care and maintenance) in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, USA.

In addition, Austral owns and has options on an attractive portfolio of exploration projects in the Paleocene Belt in Chile (including the Jaguelito project in San Juan, Argentina, projects acquired in the 2021 acquisition of Revelo Resources Corp), a noncontrolling interest in Pampa Metals and a 51% interest in the Sierra Blanca project in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information, please consult Austral’s website at www.australgold.com.

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.

Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.

For additional information please contact:

Jose Bordogna
Chief Financial Officer
Austral Gold Limited
Jose.bordogna@australgold.com
+61 466 892 307

Ben Jarvis
Director
Austral Gold Limited
info@australgold.com
+61 413 150 448

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections – statements regarding future plans, expectations and developments. Words such as “expects”, “intends”, “plans”, “may”, “could”, “potential”, “should”, “anticipates”, “likely”, “believes” and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include next steps are to review and analyse historical exploration data and mineral structures prior to the design of the next drilling campaign.

All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, business integration risks; uncertainty of production, uncertainty of exploration programs, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets especially in light of the effects of the novel coronavirus,, uncertainty in the measurement of mineral reserves and resource estimates, Austral’s ability 1ttarct and retain qualified personnel and management, potential labour unrest, reclamation and closure requirements for mineral properties; unpredictable risks and hazards related to the development and operation of a mine or mineral property that are beyond the Company’s control, the availability of capital to fund all of the Company’s projects and other risks and uncertainties identified under the heading “Risk Factors” in the Company’s continuous disclosure documents filed on the ASX and on SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management’s assumptions may prove to be incorrect. Austral’s forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

Confirmation: For the purposes of ASX Listing Rule 5.23.2, Austral confirms that is not aware of any information or data that materially affects the information included in its press releases dated 27 July 2022 and 26 October 2021.

Table 1: Manantiales and Cerro Amarillo Drill hole Results
https://www.acnnewswire.com/topimg/Low_AustralGold20230130-4.jpg

Palladium One Initiates 2023 Exploration Program and Expands the Tyko Nickel – Copper Project, Canada

Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the “Company” or “Palladium One”) is pleased to report that a high-resolution airborne magnetic survey has commenced at Tyko and that the Company has acquired an additional 4,520 hectares through staking contiguous with the Tyko Nickel – Copper Project, in Ontario, Canada (Figure 1).

Figure 1. New Tyko property position map showing various mineralized zones, multi-line VTEM anomalies and interpreted feeder dyke / chonolith structures. Background is the 2021 survey magnetic survey Calculated Vertical Gradient (“CVG”). Greyed out zones are controlled by third parties.

President and CEO, Derrick Weyrauch commented, “This low-cost strategic expansion of the Tyko property secures additional ground interpreted to host prospective feeder dykes / chonolith structures. The 2023 high-resolution magnetic survey, that is currently being flown, will incorporate these new claims and will greatly refine structures across the entire property. Results of the magnetic survey will be compiled in 3D along with a broad soil sampling / mapping program that is scheduled to start in Q2.”

The new high-resolution magnetic survey is being flown by helicopter at 75-meter spacings and will comprise 4,520 line-kilometres. The survey is expected to be completed in February. The increased resolution of this survey will enable the Company to “see through the clutter” of the numerous later cross cutting diabase dykes at Tyko and improve drill targeting of the feeder dykes / chonolith structures.

Figure 1. New Tyko property position map showing various mineralized zones, multi-line VTEM anomalies and interpreted feeder dyke / chonolith structures. Background is the 2021 survey magnetic survey Calculated Vertical Gradient (“CVG”). Greyed out zones are controlled by third parties.
https://images.newsfilecorp.com/files/6502/152488_845f83cc7452ab84_001full.jpg.

About Tyko Nickel – Copper – Cobalt Project

The Tyko Nickel – Copper – Cobalt Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel – copper (2:1 ratio) project and currently has five known mineralized zones spanning over a 20 kilometer strike length.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One

Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Infocus International Brings Back Public-Private Partnerships In-Person Course in Singapore

The Public-Private Partnership (PPP) workshop is back for 2023 in Singapore. Infocus International is delighted to bring one of their best events to professionals from all around the world and it will be commencing on 6th February 2023 in Singapore.

We need new infrastructure. Roads, airports, schools, hospitals and housing: the list is enormous and growing. Yet severely limited budgets, economic uncertainty caused by volatile commodity prices, and deficits continue to prevent government at all levels from delivering the kinds of structural change that has always been needed.

In response, some countries have developed relatively successful PPP programmes – similar in many ways yet with specific national characteristics. Challenges remain throughout each region and are intensifying in the current environment. Merely grasping the concepts of PPP does not do justice to our great responsibility of having an ownership in the country’s future. We already know what we need to do, now is the time to really discover HOW. Beginning with an in-depth understanding of how PPPs work, from financial, commercial, project & legal aspects, we seek to push our participants to innovate with real life case studies, group discussions and technical evaluation.

One of our past participants from Electricity Generation Company (Malawi) Ltd shared that, “The facilitator was very knowledgeable on the subject matter, very responsive to questions and innovative in the delivery of the PPP training program. The knowledge gained will assist me in productive participation in ongoing and planned PPP Projects in my country.”

Another past participant from PNG Ports Corporation also mentioned that, “This is an excellent course for anyone involved in PPP. Highly recommended.”

Benefits of Attending:
– Use best practices from international case studies of successful PPP transactions and common practical pitfalls to avoid
– Design and manage PPP legal, regulatory & institutional frameworks to attract investors and complete PPP transactions
– Apply models for the efficient design and completion of PPP feasibility studies
– Understand project financing requirements and evaluate PPP financial models for both affordability and bankability
– Evaluate and apply different credit enhancement techniques to ensure PPP bankability, including blended financing, viability gap funding (VGF), partial guarantees, risk insurance products, output-based aid (OBA) and other financial instruments
– Design PPP transaction implementation plans and manage & oversee PPP transaction advisors for reaching commercial closure and financial closure
– Models for PPP tender documents, including PPP Project Information Memoranda (“InfoMemos”), Requests for Qualifications (RFQs), Requests for Proposals (RFPs)
– International models for designing and drafting PPP contracts & agreements
– Environmental & social impact mitigation techniques to structure sustainable private investments in public infrastructure
– Plans for managing sustainable PPP contracts including ensuring technical performance, quality of service delivery, price review & adjustment regulatory models, legal contract management and alternative dispute resolution (ADR) techniques

Want to learn more?

Simply email to esther@infocusevent.com or call +65 6325 0210 to register your attendance. For more information, please visit https://www.infocusinternational.com/ppp

About Infocus International Group

Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities. We recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights. For more information: www.infocusinternational.com

Broadhill Capital Announces its Capital Deployment Strategy for 2023

Broadhill Capital announced today that the firm will target to commit equity investment of USD $15 Billion across approximately 100-150 businesses.

“We expect to make non-control equity investments into businesses that have the potential to achieve 5-10x revenue growth with our capital commitment,” stated investment committee member Francis König. “We separate ourselves by our willingness to assist businesses in situations that often appear high risk to more conservative investors.”

Investment commitments are expected to range between USD $50 Million to $5 Billion per company, with most falling between USD $100-500 Million. Businesses must either be public or be positioned and agree to become publicly listed on a major global stock exchange within 3 years. Most business types, industries, and geographies are eligible, provided the business activities are legal in the United States, and in the countries where the business operates. Due diligence and transaction approval should typically be completed within 30 days.

Businesses seeking equity investment may submit their opportunity for immediate consideration through the BroadhillCapital.com website by using the link: https://broadhillcapital.com/submit-business/.

pSource: Broadhill Capital LLC
Media Contact: press@broadhillcapital.com

Lion One Secures US$37 Million Financing Facility from Nebari

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce that it has entered into a facility agreement with Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (each as Lender and collectively, “Nebari”), with Nebari Collateral Agent, LLC as collateral agent and certain Lion One subsidiaries as guarantors, for a Financing Facility of up to US$37M (the “Financing Facility”). Proceeds from the Financing Facility will accelerate project construction and development at the Company’s 100% owned and fully permitted high-grade Tuvatu Alkaline Gold Project in Fiji. Lion One expects first production to be achieved by December 2023.

Financing Facility (All figures in USD): The Financing Facility consists of a US$35 million senior secured first lien term loan (the “Loan Facility”) and a US$2 million (CAD$2.7 million) equity investment (“the Equity Investment”) in common shares of Lion One.

Loan Facility: The total amount of the Loan Facility will be funded in up to three tranches, with US$23M to be funded at Closing (Tranche 1), and an additional US$12M available at Lion One’s option in up to two further tranches (Tranches 2 and 3) within 18 months of closing. Interest on Tranche 1 is 8% (plus three-month SOFR), and amortization is on the Maturity Date 42 months from the Closing Date, with no closing fees payable. Tranches 2 and 3 funding is subsequent to an 8% original issue discount and interest is 10% plus SOFR, with progressive amortization over 42 months from the Tranche 2 funding date, with closing fees equal to 2% of the amounts funded.

Warrants: On the Closing Date, the Lender will be issued 15,333,087 non-transferable purchase warrants in the Company (the “Warrants”), with each Warrant exercisable into common shares of Lion One at a price of CAD$1.49 for a period of 48 months from issuance. The warrants will be subject to an accelerator provision whereby the Borrower may accelerate the expiry date of up to 25% of the initial warrants in the event that the volume weighted average trading price of the common shares of the Company exceeds 100% over the strike price for a period of twenty consecutive days. Lion One has the option to accelerate the expiry of further 25% portions of the warrants at four-month intervals, up to a maximum of 75% of the warrants issued.

Royalty Payment: Following the first month in which the Tuvatu Project produces at least 2,000 ounces of gold, the Company shall pay to the Lender a royalty equal to 0.5% of the Net Smelter Returns on the first 400,000 ounces (equivalent to 2,000 ounces) of gold produced and sold from the Tuvatu Project.

Equity Investment: Concurrently with the Loan Facility, Nebari has entered into a subscription agreement to purchase 3,125,348 common shares of Lion One at a price of CAD$0.86 per share, representing an aggregate equity investment of US$2M (CAD$2.7M).

The Company’s right to drawdown Tranche 1 of the Loan Facility is subject to satisfaction of customary conditions precedent, including approval of the TSX Venture Exchange (“TSX-V”), though these conditions precedent are expected to be satisfied in short order. Issuance of the Warrants and completion of the placement is also subject to TSX-V approval.

Lion One Chairman and CEO Walter Berukoff commented, “We are extremely pleased to have secured Nebari as a financial partner and major shareholder in the development and future success of Tuvatu. They are a vastly experienced group, are aligned with our key values and stakeholders, and have delivered a creative solution to bring the Tuvatu project to completion and enhance shareholder value tremendously.”

Andre Krol, Managing Partner with Nebari, commented: “We are extremely excited to partner with Lion One as a shareholder and lender as they complete construction of the Tuvatu Gold Project. The experience, professionalism and community engagement of their Fijian team was impressive and we look forward to first gold production later this year and further exploration success.”

About Tuvatu

The Tuvatu Alkaline Gold Project is located on the island of Viti Levu in Fiji. The January 2018 mineral resource for Tuvatu as disclosed in the technical report “Technical Report and Preliminary Economic Assessment for the Tuvatu Gold Project, Republic of Fiji”, dated September 25, 2020, and prepared by Mining Associates Pty Ltd of Brisbane Qld, comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and on the SEDAR website at www.sedar.com.

About Nebari

Nebari is a US-based investment manager specializing in privately offered pooled investment vehicles including Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP which are funding the Financing Facility to Lion One. The Nebari leadership team has deep experience with leading global mining companies and financial institutions and is known for partnering with motivated and capable management teams focused on achieving clear plan targets.

About Lion One Metals Limited

Lion One’s flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.

On behalf of the Board of Directors of Lion One
Metals Limited
“Walter Berukoff”, Chairman and CEO

Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Website: www.liononemetals.com

Society Pass, Inc. (SOPA) / NusaTrip Expands Services to Philippines

NusaTrip, Indonesia’s first IATA-certified online travel agency (OTA) and the travel vertical of Society Pass Incorporated (Nasdaq:SOPA), today formally announces the opening of its second Southeast Asia (SEA) regional office in Philippines.

The market for Filipino tourists and foreign workers is sizable. According to the Philippine Overseas Employment Administration’s (POEA) data, approximately 2.3 million overseas Filipino workers (OFWs) were deployed in 2019. In 2021, OFW was estimated to be 1.83 million, up from 1.77 million in 2020. Based on the Department of Tourism’s November 2022 report, 73% of the 2.025 million visitors to the Philippines are foreign tourists, whereas 27% are OFWs. In 2023, the Department of Migrant Workers (DMW) aims to increase the number of overseas Filipino workers. The majority of OFWs work in the service sector, such as domestic help, healthcare, engineering, and construction. By 2020, Asia employed 83.6% of OFWs, followed by Europe, America, and Australia.

NusaTrip CEO Johanes (Joe) Chang elaborates, “Considering the market’s size and potential, the Philippines is an essential market for our ecosystem. NusaTrip aims to be the promotion partners for the Philippines tourism boards and become the travel hub that helps to connect overseas Filipinos with their home country. We are excited to collaborate with the local businesses. It will accelerate and improve the quality of our synergies and customer growth rate in Southeast Asia. In addition, given Philippines’ countless scenic spots and picturesque beaches, NusaTrip will focus on promoting thousands of hotels into our platform and provide leisure alternatives for international travelers”.

Leveraging the momentum of the travel and tourism industry recovery post-COVID-19 pandemic, NusaTrip is expanding its offering beyond air travel. NusaTrip aims to extend its flight content with more travel inspirations and relevant options, so everyone will always find something to explore and somewhere to fly to. On the business side, NusaTrip connects worldwide flight content through streamlined integration with low-cost and full-service airlines from multiple points of sale and enables global distribution at ease via its proprietary technology, the NusaXchange platform.

Nusatrip regional offices will focus on creating more variety of marketing initiatives and managing existing business relationships with airlines, hotels, and tourism promotion board partners.

“We are very excited to welcome NusaTrip and look forward to the collaboration with our local businesses. I believe it will benefit our business partners and customers,” said Arbie Christie Pagdangan, Country Manager for Society Pass in the Philippines.

About NusaTrip

Founded in 2013, NusaTrip is an IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. NusaTrip is now a member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
Rosa Milyarna – NusaTrip Indonesia
Rosa@nusatrip.com

NusaTrip / Society Pass ID PR Representatives
Elisabeth ( elisabeth.winiartati@gmail.com | +62813375150220)
Angga ( anggahadi@gmail.com | +6281213858388)

Palladium One Reports 10.3% Nickel, 2.9% Copper over 1.8 meters at the Tyko Project, Canada

Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the “Company” or “Palladium One”) is pleased to report additional high-grade drillhole intercepts for the Tyko Property, from the West Pickle massive sulphide discovery in Ontario, Canada.

Highlights
– Additional West Pickle Zone assay results include:
— 7.2% Ni, 2.0% Cu, 0.10% Co, 0.56 g/t Total Precious Metals (“TPM”) (Pt+Pd+Au) over 2.6 meters of massive sulphides in hole TK-22-073
—- Including 10.3% Ni, 2.9% Cu, 0.15% Co, 0.80 g/t TPM over 1.8 meters
— 2.0% Ni, 0.9% Cu, 0.04% Co, 0.36 g/t Total Precious Metals (“TPM”) (Pt+Pd+Au) over 4.1 meters of massive and semi-massive sulphides in hole TK-22-072
—- Including 5.3 Ni%, 1.5% Cu, 0.12% Co, 0.67 g/t TPM over 1.5 meters
– RJ Zone, 2.7 kilometres east of West Pickle, previously retuned 85.4 meters of mineralization:
— 0.5% Ni and 0.2% Cu over 85.4 meters in hole TK-16-002 (see press release June 8, 2016)
—- Including 1.0% Ni and 0.2% Cu over 16.2 meters
– A key objective of the 2023 exploration program is to connect the West Pickle and RJ Zones (Figure 3)
– The Tyko Project currently hosts five known nickel sulphide zones along a 20-kilometer trend and several yet to be tested Versatile Time Domain Electromagnetic (“VTEM”) anomalies

President and CEO Derrick Weyrauch commented, “This latest batch of drill results, with individual assays up to 11.9% nickel, continue to reinforce the high-grade nature of the West Pickle Zone within the larger regional opportunity provided by the project. Similar to the Smoke Lake Zone, West Pickle is revealing massive sulphides that have been likely remobilized from a much larger source, which we hope to discover in 2023. Our 2023 exploration plan at Tyko also includes step-out drilling from known mineralization, and regional exploration to refine drill targets along 10’s of kilometers of interpreted feeder dykes / chonoliths (Figure 2 & 3) that could have fed the large Bulldozer mafic-ultramafic complex.

Cash and cash equivalents of approximately C$11.3 million (unaudited) were on hand as at December 31, 2022.

The 2022 Drill program on Tyko consisted of 70 holes totaling 13,038 meters, of which 49 holes are pending assay results. The 2023 field season is currently being planned and a high-resolution magnetic survey is scheduled in Q1. This survey has been designed to refine the geometry of the interpreted feeder dykes / chonoliths across Tyko’s 30-kilometer strike length prior to additional drill testing.”

To date a total of 32 holes, totalling 6,766 meters have been drilled in the vicinity of the West Pickle Discovery. At present, West Pickle mineralization has been defined over more than 500 meters of strike length (Figure 3 and 4).

Figure 1. Massive pentlandite-pyrrhotite-chalcopyrite sulphide intersection in hole TK-22-073 from 137.5 to 139.3 meters down hole (core is dry). Wall rock is tonalite breccia.
https://images.newsfilecorp.com/files/6502/151121_093b45d304cecb48_001full.jpg

Figure 2. Tyko Property map showing various mineralized zones and multi-line VTEM anomalies, background is Calculated Vertical Gradient Magnetics (“CVG”).
https://images.newsfilecorp.com/files/6502/151121_093b45d304cecb48_002full.jpg

Figure 3. Plan and long section looking north perpendicular to the interpreted chonolith structure linking the West Pickle and RJ zones, showing potential for massive sulphide mineralization beyond the depth detectable by the 2021 VTEM airborne survey.
https://images.newsfilecorp.com/files/6502/151121_093b45d304cecb48_003full.jpg

Figure 4. Long section looking south of the West Pickle Zone.
https://images.newsfilecorp.com/files/6502/151121_093b45d304cecb48_004full.jpg

Table 1: Assay Results: Tyko 2022 Drill Results from the new West Pickle Zone
https://www.acnnewswire.com/topimg/Low_Palladium2022112_1.jpg

(1) Reported widths are “drilled widths” not true widths.
(2) Italicised grey shaded values are previously reported (see news release October 4, 2022, November 21, 2022 and November 29, 2022)

Table 2: Drill Hole Locations
https://www.acnnewswire.com/topimg/Low_Palladium2022112_2.jpg

QA/QC

The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration, and a Director of the Company

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored onsite at the Tyko exploration camp core yard facility.

Samples were transported in secure bags directly from the logging facility at the onsite exploration camp, to the Activation Laboratories Ltd. (“Actlabs”) in Thunder Bay, Ontario. Actlabs, which is ISO 17025 accredited with CAN-P-1579 (Mineral Lab). In addition to ISO 17025 accreditation, Actlabs is accredited/certified to ISO 9001:2015. All samples are crushed to 2 millimeters with a 250-gram split pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP-OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and Co samples over 1.0 wt% were re-analysed by ore grade methods using 4 acid digestion with ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the standard used before being released to the public.

About Tyko Copper-Nickel-Cobalt Project

The Tyko Copper-Nickel-Cobalt Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel-copper (2:1 ratio) project. The West Pickle Zone occurs on the Pezim II claim block of the larger Tyko Project.

Qualified Person

About Palladium One

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

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

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

LiquidityFinder Brings Advanced Social Features to Leading Institutional OTC Liquidity Information Platform

LiquidityFinder is thrilled to announce the launch of their upgraded community-driven fintech platform to assist electronic trading businesses and institutional investors in discovering and connecting with well-matched business partners to drive OTC liquidity.

As organizations and the range of financial instruments they offer change frequently, providers seeking to enhance their liquidity services are in need of new tools to stay ahead of the competition. New entrants to the institutional liquidity provision space are emerging every month. LiquidityFinder provides the tools to let the market know what their product range is, and makes them immediately discoverable. Consumers of liquidity products also need to be sharp about who provides what instruments at a fair price to enable their business to stay competitive.

LiquidityFinder provides tools to simplify this discovery.

The new social, partnership and research functionalities developed by LiquidityFinder aim to make it easy for Brokers, Asset Managers, and Proprietary and Professional Traders to keep up to date with the latest changes in the industry, leverage advanced research, and obtain access to the best possible commercial terms for their business.

The free-to-use features include complete user profiles and posting, industry forums, and partner matching and messaging capabilities to directly communicate with Prime of Prime (PoP) brokers, ECN’s and related businesses to optimize their trading. Users of the site can submit requests for information to brokers able to offer the services they require and for Retail Brokers, this means an ability to search and discover more competitive terms (spreads and commissions) than they currently receive from incumbent providers.

Sam Low, Founder and CEO of LiquidityFinder stated, “I am incredibly excited to announce the launch of the new LiquidityFinder platform. We have created an environment where any person involved in trading or fintech is able to research and follow the best liquidity and fintech providers in the market, keep on top of the latest news and developments in the trading and fintech industry and share their views, questions and comments in our secure forums to create engaging conversations covering the industry.”

He continued, “Through our hands-on work with clients, we have been engaging with a broad range of traders and brokers to ensure that our new product meets their needs. Speaking to senior executives at retail brokerage firms I know that there is a lot of room for them to get more competitive business terms than those they are currently on. The businesses on LiquidityFinder are hungry for that business. The tools we have created help bring these two sides together.”

About LiqudityFinder

LiquidityFinder is a community-driven fintech platform that assists electronic trading businesses in discovering and connecting with well-matched and sustainable business partners. Our mission is to help traders, brokers and institutions streamline their research and create frictionless partnerships that drive OTC liquidity more efficiently, accelerating their time to market. www.liquidityFinder.com @LiquidityFinder

Media Contact:
Sam Low
LiquidityFinder
+44 7734 467909
Visit us on social media:
Facebook: www.facebook.com/liquidityfinder
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