The Hong Kong Trade Development Council (HKTDC) and Dun & Bradstreet (HK) Limited (D&B) announced a new partnership to help small and medium-sized enterprises (SMEs), start-ups, and Micro-, Small and Medium-sized Enterprises (MSMEs) with green transformation by offering a comprehensive range of quality ESG registered services, namely D&B ESG Registered(TM).
Mr Andrew Wu (L), Managing Director of Dun & Bradstreet China – Mainland China & HKSAR and HKTDC Deputy Executive Director Dr Patrick Lau (R), announce a new partnership between the two organisations to enhance SMEs’ ESG competitiveness.
D&B ESG Registered is a badge from an industry-trusted source signifying company’s commitment to ESG disclosure.
As a leading global provider of business decisioning data and analytics and the HKTDC’s recognised ESG partner, D&B further demonstrates its commitment in promoting environmental, social and governance (ESG) to companies, large and small, in Hong Kong to enhance their competitiveness and drive growth.
A D&B ESG Registered badge and profile will be presented to companies that have successfully completed the required assessment as a recognition of commitment to disclosing ESG data. This ESG service aims to support companies to expand their business, enhance their reputation and attract investors, while achieving their net-zero targets.
Drive sustainable ecosystem for SMEs Managing Director of Dun & Bradstreet China – Mainland and Hong Kong SAR Mr Andrew Wu said: “Dun & Bradstreet is privileged to be part of it to support and drive a sustainable ecosystem for SMEs. To have our ESG solutions recognised by HKTDC, a statutory body in HK, for not just large corporations and listed companies, but also the SMEs, start-ups and the MSMEs… as the UNSDGs’ (United Nations Sustainable Development Group) motto states, “Leave no one behind”.
Dun & Bradstreet Hong Kong as the recognised Environmental, Social, and Governance (ESG) partner of Hong Kong Trade Development Council (HKTDC) sets an excellent example of D&B’s strong reputation as a global provider of reliable business decisioning data and analytics.”
HKTDC Deputy Executive Director Dr Patrick Lau said: “We are pleased to join hands with Dun & Bradstreet (HK) Limited to support Hong Kong enterprises in capitalising on the global trend towards sustainability.”
Under the partnership, D&B will provide discounted ESG registered services for members of HKTDC’s Transformation Sandbox (T-box), a comprehensive business support programme launched in April 2020 to help SMEs upgrade and transform. “We are certain that local companies will enhance their ESG competitiveness with the help of a world-leading service provider in the field, such as Dun & Bradstreet,” Dr Patrick Lau added.
About Dun & Bradstreet Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For details, please visit www.dnb.com.hk
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
About HKTDC Transformation Sandbox (“T-box”) The HKTDC Transformation Sandbox (T-box) is a SME support programme that helps businesses to enhance competitiveness and achieve transformation goals in the areas of branding, e-commerce, manufacturing relocation and new markets. The programme is offered free of charge and is open to all companies registered in Hong Kong. For details, please visit https://smesupport.hktdc.com/en/s/tbox
Media enquiries Dun & Bradstreet (HK) May Lo Tel: +852 2516 1294 Email: LoS@dnb.com
Finally arriving in Malaysia with new features including downloadable maps, sky sports with automatic GPS mode
Zepp Health Corporation (Zepp), a leading specialist in smart wearables and health technology, has announced that its latest T-Rex Ultra smartwatch is now available in Malaysia. The T-Rex Ultra offers adventure-seekers the ultimate in multi-environment experience through the latest in hi-tech military-grade hardware and software, monitoring, tracking and GPS.
Mr. Wu Jin, General Manager, APAC of Amazfit Malaysia said, “In the fast-paced smart wearable industry, we are constantly pushing ourselves to innovate. This newly launched T-Rex Ultra is packed with massive functionalities and smart technology. It comes with a user-friendly interface featuring a stainless steel body, a BioTracker PPG biometric sensor which supports blood-oxygen tracking, and 2.4GHz Wi-Fi support that enables a multi-environment experience through an optimum series of new features. This is the ideal watch for every outdoor activity; from off-road motorcycling, skydiving, alpine skiing to a walk-in-the-park, sitting on the beach or a dip-in-the-pool.”
“The appearance and weight are just right for a smartwatch. Overall, the design is very cool, and the functions are very user-friendly,” said Amazfit supporter Ms. Wayne Phoo, DJ at MYFM, who is also an avid diver, “I’m a very active person, but I never had the habit of paying attention to my health indicators. With this Amazfit T-Rex Ultra on my wrist, I can monitor my heart rate, BMI index, step count, exercise records, and more.
The smart watch supports freediving to 30 meters, with 10 ATM water-resistant, making it my perfect diving companion. The freediving function calculates water depth and has a breathing exercise function that helps with underwater activities. Even non-free divers can use this function to track their breathing.”
Wayne said, “The battery life is very long. I had more than 20% battery life left after using it actively for a week.”
Another Amazfit advocate, En. Ammar Salehan, who is also an active explorer, said, “Amazfit T-Rex Ultra’s GPS function with dual-band satellite is solid! I’m extremely pleased with this very helpful safety tool as it can be used as a guide for the correct path and minimizes the probability of getting lost during a hike. The mud-resistant buttons ensure that the smart watch will continue to operate even if the trail is muddy and nasty. A plus point is the altitude assistance and usable offline maps which can be uploaded to the watch to keep the explorer safe on a journey.”
A smart function is that the compass can be set on the watch display and auto GPS mode. For someone who often goes into the forest, the compass is used as a direction pointer. As a Muslim, knowing where Qibla, the direction of Mecca is helpful and easy with the compass.
Ammar explained, “The watch is charged with USB, so it was easy for me when I’m in the forest, all I need is a power bank. The completed trail and activities can also be shared with health and fitness apps on my phone. Capturing the events of the adventure can be done through the connection to a GoPro camera for those once-in-a-lifetime moments.”
The Amazfit T-Rex Ultra comes with adjustable lugs, 6 GPS satellites, 120 watch faces, an altimeter, compass, weather, tides, sun and moon coverage, and the incomparable Zepp OS, now version 2.0. The T-Rex Ultra comes in two colours, Abyss Black and Sahara, and is available now on Shopee and Lazada for RM1,899. On first come, first serve basis, customers will walk away with one set of waterproof drybag, wind jacket and sport bottle upon purchase on 18th May 2023.
Plans to grow B2C sales through expanding to more e-commerce platforms in new markets
Synergy House Berhad, a cross-border e-commerce seller and furniture exporter of ready-to-assemble (RTA) home furniture, launched the prospectus for its initial public offering (IPO) today in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad.
Mr. Alvin Ooi Yet Ming, Acting Head of Corporate Finance, Kenanga Investment Bank Berhad; Datuk Roslan Hj Tik, Executive Director, Head Group Investment Banking & Islamic Banking, Kenanga Investment Bank Berhad; Mr. Mok Juan Chek, Independent Non-Executive Chairman, Synergy House Berhad; Mr. Tan Eu Tah, Non-Independet Executive Director, Synergy House Berhad; and Mr. Teh Yee Luen, Non-Independent Executive Director, Synergy House Berhad [L-R]
The IPO will raise RM34.4 million via the issuance of 130.0 million new shares at an IPO price of RM0.43 per share which is expected to support the Group’s future growth and expansion plans. The IPO proceeds raised will be used by the Group in the following manner:
RM10.0 million or 29.07% for purchasing of inventories for the Group’s proposed e-commerce fulfilment centre in Muar, Johor and e-commerce fulfilment centres in overseas countries;
RM1.5 million or 4.36% to purchase racking system and forklifts for the Group’s proposed e-commerce fulfilment centre in Muar, Johor;
RM1.0 million or 2.91% for e-commerce advertisement and promotions;
RM10.0 million or 29.07% to repay borrowings;
RM7.7 million or 22.38% for working capital purposes; and
RM4.2 million or 12.21% for listing expenses.
Executive Director of Synergy House, Mr. Tan Eu Tah said, “Given that global demand for furniture e-commerce is expected to continue to grow, our IPO will enable us to fuel our future growth and expansion plans by tapping into the equity capital market for future fund raising. Our IPO will also provide us with the financial flexibility to pursue growth opportunities as and when they arise. The recognition gained through our listing status will also enhance our reputation in the marketing of our products and services, retention of employees, expansion of customer base as well as attract new employees.”
Executive Director of Synergy House, Mr. Teh Yee Luen said, “Leveraging on e-commerce has been another transforming experience for our Group as it has enabled us to have direct contact with end-consumers and thus enabling us to gather first-hand information and insights on consumer preferences that are valuable for product development. We intend to continue to grow our business-to-consumer (B2C) segment by utilising a portion of the IPO proceeds to purchase inventories for our B2C segment and by carrying out advertising and promotion initiatives on third-party e-commerce platforms. We also plan to grow our B2C sales through expanding to more e-commerce platforms in new markets.”
For the financial years ended 31 December (FY) 2019, FY 2020, FY 2021 and FY 2022, the Group registered revenue of RM111.5 million, RM122.9 million, RM184.3 million and RM194.1 million respectively. In particular, the Group have seen encouraging growth from its B2C segment whereby its B2C sales have increased from RM1.99 million in the FY 2019 to RM49.63 million in FY 2022 at a compound annual growth rate of 192.17%.
Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.
Synergy House Berhad will list on the ACE Market of Bursa Malaysia on 1st of June 2023.
Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the Company or Doubleview) is pleased to announce assay results of Hat Project drill holes H038 to H 043. The Hat Project is a large alkalic copper-gold porphyry-type deposit located in northwestern British Columbia that since 2011 has been explored by Doubleview utilizing technical surveys and diamond drilling operations.
Figure 1. Drill PLAN MAP
Figure 2. Section A – A’
Figure 3. Section B – B’
Figure 4: Section C – C’
Hat Property surveys and drilling have largely been focused to the Lisle copper-gold-cobalt-scandium mineral zone. Principal minerals are chalcopyrite, pyrite and magnetite hosted in volcaniclastic and gabbroic formations. The Lisle Zone has indicated dimensions of approximately 2.7 km by 1.7 km and is still being delimited laterally and at depth.
Drill holes H038, H039 and H040 explored north extensions of the Lisle Zone. Hole H041 explored the far east extension of the Lisle Zone. Holes H042 and H043 explored west extensions. Assays are summarized as follows:
North side of the Lisle Zone: – Drill hole H038 intercepted 440.3 meters* with 0.82% Cu Equivalent** from surface, including 186.0 meters with 0.89% CuEq. – Drill hole H039 intercepted 549.2 meters with 0.76% Cu Eq from near surface, including 146.7 meters with 0.87% CuEq. – Drill hole H040 intercepted 561.2 meters with 0.78% Cu Eq from near surface, including 277.3 meters with 0.79% CuEq.
East side of the Lisle Zone: – Drill hole H041: intercepted 485.0 meters with 0.81% Cu Eq from 66m depth, including 125.0 meters with 0.96% Cu Eq.
West side of the Lisle Zone: – Drill hole H042: intercepted 179.0 meters with 0.76% Cu Eq from surface, including 49.0 meters with 0.92% Cu Eq. – Drill hole H043: intercepted 280.2 meters with 0.79% Cu Eq from near surface, including 149.0 meters with 0.98% Cu Eq.
Note: (*) Drill hole intercepts are presented as drilled. The company does not have sufficient information to provide true deposit dimensions.
Drill hole locations are shown in Figures 1, 2, 3 and 4 and coordinates and other location details are presented in Table 1. Significant intercepts are presented in Table 2 and discussed below.
Farshad Shirvani, Doubleview’s president and CEO, comments that “Certain metals, including copper, cobalt, silver, PGMs and scandium, have been identified as strategically important in the development of non-fossil fuel technology related to mitigation of climate change. Doubleview’s polymetallic Hat property may become a significant source of strategically important metals. Assay results have shown many long intervals of elevated values of copper, cobalt, scandium and other critical metals, potentially making it a unique and valuable domestic resource to supply scarce metals required by advanced technologies. The Company currently is conducting metallurgical research into several innovative cost effective and environmentally friendly low temperature extraction processes that we believe will make Doubleview’s Hat project an important source of critical metals that are vital to the growth and evolution of Canada’s climate-related initiatives”.
Given the importance of accurate assay results, extra measures are taken to ensure the quality of Hat Project assay data. As part of our QA/QC protocol, fresh sample pulps of 5% of the samples were re-assayed when results were deemed unsatisfactory. Replicate assays were conducted by a second accredited laboratory and showed possibly material variances, especially for critical metals in the Hat deposit. Confirmation work is ongoing and may result in further re-sampling and re-analysis.
The following map and sections show the location of the reported drill holes.
Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.
Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.
About Doubleview Gold Corp
Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange [TSXV: DBG], [OTCQB: DBLVF], [FSE: A1W038], [Frankfurt: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.
On behalf of the Board of Directors, Farshad Shirvani, President & Chief Executive Officer
For further information please contact: Doubleview Gold Corp Vancouver, BC Farshad Shirvani President & CEO T: (604) 678-9587 E: corporate@doubleview.ca
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.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
About 90% of Japan-affiliated companies based in Hong Kong manage or handle business in at least one Regional Comprehensive Economic Partnership (RCEP) market other than Japan, according to a recent survey conducted by the Hong Kong Trade Development Council (HKTDC).
HKTDC Director of Research Ms Irina Fan (L) and HKTDC Economist Mr Corey To (R) announced the survey findings of Japanese companies in Hong Kong expanding their business in the RCEP market.
More than 60% of respondents plan to expand their RCEP operations through their Hong Kong office in the next three years, with the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) (40.4%) and the Association of Southeast Asian Nations (ASEAN) (39.4%) the most popular destinations.
The respondents are making use of Hong Kong’s well-developed logistics and commercial networks, as well as its world-class business services to manage and expand their global business, particularly in the Asia-Pacific region.
Further integration into regional supply chains RCEP came into effect last year, the world’s largest free trade bloc made up of 15 member countries, including China, Japan, Korea, Australia, New Zealand and the 10 ASEAN economies. It accounts for about 30% of global GDP, trade and population, injecting impetus into regional economic development.
Last year, RCEP economies accounted for 71% of Hong Kong’s total merchandise trade. “Hong Kong has applied for accession to RCEP and once approved, the city will become the first new member of the bloc, enjoying a wide range of benefits, such as tariff concessions. It will also help Hong Kong further integrate into regional supply chains and strengthen trade and investment with other members in the bloc, especially Japan and Korea, which have yet to sign free trade agreements with the city,” HKTDC Director of Research Ms Irina Fan said.
Hong Kong: Premier platform for RCEP About 1,400 Japanese companies have set up regional headquarters or offices in Hong Kong. With the support of the Hong Kong Japanese Chamber of Commerce & Industry (HKJCCI), the HKTDC has surveyed more than 100 Japanese companies via a questionnaire to better understand their business development in the first year of RCEP, advantages of the Hong Kong platform and services, and the city’s role in helping them expand into the RCEP market.
Most of the survey respondents operate in the import and export trade sector, followed by wholesale and retail, finance and logistics. More than 20% said their Hong Kong office serves as the company’s overseas headquarters or main regional office that manage operations outside of Japan. Other functions include marketing and sales (73.5%), logistics and supply chain management (36.3%) and sourcing and procurement (25.5%).
HKTDC Economist Mr Corey To said while Hong Kong is currently playing an important role in facilitating RCEP related business (close to 90% of the respondents manage or handle RCEP business via Hong Kong), over 60% of the respondents see Hong Kong as “important” or “very important” in helping them capture arising business opportunities in the RCEP region.
Respondents also revealed that strong regional connectivity makes Hong Kong the premier platform for RCEP. Core strengths include business networks with Mainland China (88.8%), freedom of capital flows and currency exchange (79.7%), efficiency as a transshipment and distribution hub (72%) and more.
More benefits from Hong Kong’s RCEP accession The survey also found that more than half of the Hong Kong-based Japanese trading companies have already enjoyed RCEP benefits, such as unified rules of origin, lower tariffs and streamlined customs procedures. Close to 80% anticipate more benefits, should the city join the bloc. This reflects Hong Kong’s role as a major logistics hub in the region as well as its deep trade ties with many RCEP economies.
Mr To said among the non-trade sector, 60% expected to benefit from Hong Kong’s RCEP accession, largely because of the anticipated increase in economic activity and investment flows across Mainland China, Hong Kong and Japan, and due to improved access for service sectors and enhanced intellectual property rights protection, which will create new opportunities for different sectors, such as e-commerce.
Overall, more than half of the respondents suggested that Hong Kong’s accession to RCEP would improve their company’s ability to capture RCEP business opportunities. Providing marketing information about RCEP economies and encouraging co-ordination among public bodies and regulators were also seen as helpful.
Hong Kong as a base for regional business The survey results echo the statements made in HKTDC Research’s in-depth interviews conducted with Japan-affiliated companies in Hong Kong. These case studies show Hong Kong’s competitive edges in a number of areas, which is beneficial to Japanese companies that aim to leverage Hong Kong as a base for business expansion in the region: solid financial infrastructure, well-established hub for international trade and logistics, quality professional services and a pool of diversified talents, prime location adjacent to GBA and among key economies in the Asia-Pacific.
Please read Japanese Business Perspectives series published by HKTDC Research for more details:
Interviewee: Takeshi Iida, President and Managing Director, Mitsubishi Corporation (Hong Kong) Research article: Harnessing the Power of Hong Kong as a Commercial Hub https://research.hktdc.com/en/article/MTEwNjgwMzA0MA
Interviewee: Atsushi (Ash) Kato, Head of Corporate Office, NTT DATA Hong Kong Limited Research article: Integrating Regional Payment Solutions via the Hong Kong Hub https://research.hktdc.com/en/article/MTEzMzgwMjM0Nw
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
Media enquiries Please contact the HKTDC’s Communication and Public Affairs Department: Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org
Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (Palladium One or PDM) and MetalCorp Limited (TSXV: MTC) (MetalCorp or MTC) are pleased to announce the successful completion of their previously-announced statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the Arrangement). Pursuant to the Arrangement, among other things, Palladium One acquired all of the issued and outstanding shares of MetalCorp. The Arrangement became effective at 12:01 a.m. (Toronto time) on May 2, 2023 (the Effective Time), resulting in MetalCorp becoming a wholly-owned subsidiary of Palladium One.
Under the terms of the Arrangement, each former MetalCorp shareholder (“MTC Shareholders”) is entitled to receive, in exchange for each common share in the capital of MetalCorp (a “MTC Share”) held, 0.30 of a common share in the capital of Palladium One (each whole share, a “PDM Share”) (the “Exchange Ratio”). Further, under the Arrangement, all options to acquire MTC Shares outstanding immediately prior to the Effective Time are exchanged for stock options to purchase PDM Shares at the Exchange Ratio.
“The deemed value of the MetalCorp acquisition is approximately $3.3 million paid in shares, and for that Palladium One assumes approximately $1.8 million of cash and for the remainder of the purchase price being approximately $1.5 million obtains optionality on both precious metal and critical mineral projects in Ontario, Canada. Importantly, Palladium One assumes a significant pool of assessment credits and therefore has no spending obligations for many years to come,” commented Derrick Weyrauch, President and Chief Executive Officer of PDM.
In order to receive the PDM Shares in exchange for their MTC Shares, registered MTC Shareholders are reminded that they must complete, sign and return the letter of transmittal to Computershare Investor Services Inc., in its capacity as depositary under the Arrangement, together with their certificate(s) or DRS statement(s) representing their MTC Shares, in accordance with the tender procedures described in MTC’s management information circular dated March 22, 2023 (the “Circular”) which is available on SEDAR (www.sedar.com) under MTC’s issuer profile. Any MTC Shares held in the CDS system were automatically deposited under the Arrangement and the beneficial shareholders thereof will receive the PDM Shares at the Exchange Ratio in respect of such MTC Shares.
If you have any questions or require more information with regard to the procedures for receiving the PDM Share consideration, please contact Computershare Investor Services Inc., by (i) telephone within North America at 1-800-564-6253 or (ii) email at corporateactions@computershare.com.
Advisors and Counsel Bennett Jones LLP is acting as Palladium One’s legal advisor. Dickinson Wright LLP is acting as MTC’s legal advisor.
Grant of Incentive Awards Palladium One also announces that its board of directors has granted: (i) 275,000 restricted share units (“RSUs”) to certain employees, advisors and consultants of Palladium One, which vest in three years; (ii) 1,525,000 stock options to certain officers and directors of Palladium One, which are exercisable for five years at a price of $0.11 per PDM Share with 1/3rd vesting immediately and 1/3rd annually thereafter; and (iii) 550,000 stock options to certain employees, advisors and consultants of Palladium One, which are exercisable for five years at a price of $0.11 per PDM Share with 1/3rd vesting immediately and 1/3rd annually thereafter.
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.
For further information contact: Derrick Weyrauch, President & CEO Email: info@palladiumoneinc.com Telephone: 647-612-6466
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. Forward-looking statements contained in this news release include, without limitation, statements with respect to: the expected synergies and benefits of the Transaction, the future price of nickel, copper, gold, and cobalt, the estimation of mineral resources, costs and timing of the development of projects and new deposits, success of exploration, currency fluctuations, requirements for additional capital, government regulation of mining operations, and environmental risks. 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 the results of regulatory approvals for the Arrangement, the integration of MetalCorp with Palladium One, the quality of the title of MetalCorp to its assets and the extent of any known, unknown or contingent liabilities of MetalCorp, the results of the exploration at Hemlo East or North Rock Copper, the accuracy of the mineral resource estimates at Hemlo East or North Rock Copper; 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.
Dato’ Seri Dr Derek Goh BBM (L), a renowned Singapore business and community leader has been installed as the 47th President of the Teochew Poit Ip Huay Kuan (TPIHK), the leading clan association of the Teochew community in Singapore. The installation was officiated by the Guest of Honour, Mr Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies.
George Quek, Adviser and Hon Lifetime President, Chan Kian Kuan, Immediate Past President, Heng Swee Keat, DPM, Derek Goh, Chua Kee Teang, Lifetime Honorary President and Woo Chee Chay, Deputy President [L-R]
The installation (for the 2023-2024 term of two years) of the TPIHK President and 54-member Board of Directors at a dinner on 2 May 2023 was attended by over 1,000 Teochew and Chinese business and community leaders from Singapore and the region. Also present were Singapore Government leaders including ministers, mayors, senior parliamentary secretaries and members of parliament. Excellencies from Brunei, Belgium, Chile, Hungary, Jordan, Portugal, Qatar and Timor-Lester also graced the event.
Established in 1929 with 6,500 members, the TPIHK is the apex organisation of various Teochew clan associations in Singapore representing the community whose ancestor originate from the eight districts in Guangdong Province, China. Numbering about 700,000 out of the 3.02 million ethnic Chinese residents in Singapore, Teochews comprise the second largest dialect group after the Hokkiens.
At the new board installation ceremony, DPM Heng said he was pleased to learn that the new leadership is taking a further step forward to support the local Teochew business community in seizing new opportunities across the region, while playing a part to foster an inclusive society.
In his installation speech, Dato’ Seri Dr Goh said that as the association prepares to celebrate its centenary in six years, its leadership has been placed with an onerous task facing the community, Singapore, and the world at large.
While emerging from the ravages of the pandemic, new challenges such as geopolitical tensions and economic uncertainty have emerged. He urged the Teochews to contribute to the community, society and the country, including to the Forward Singapore social compact – amid these challenges.
“Our forefathers, seeking a better life when they left their hometowns, faced numerous challenges when they arrived here and other parts of Asia. They banded together to identify the problems facing the community. The Teochew spirit has always revolved around trust and contributing to the community, society and country that we live in,” he said.
Dato’ Seri Dr Goh, the founder of SGX Mainboard-listed Serial System Limited and a past recipient of numerous entrepreneurship and corporate awards, outlined four main initiatives. The TPIHK under his leadership has adopted the theme ‘Thriving Together, Excellence Beyond’.
The first is to further strengthen unity among various Teochew clan associations so that they can participate more actively with a single voice with other clan associations and civic organisations of the ethnic Chinese community in Singapore.
Second, TPIHK leaders also need to attract Teochew youths, encourage the latter to appreciate their heritage and to contribute actively to the community and conversations on Forward Singapore.
Third, the association must uphold the spirit of giving back to society by strengthening ties with grassroots organisations to care and support the needy and vulnerable groups regardless of race, language and religion.
Finally, Dato’ Seri Goh and his team will seek to forge stronger ties with Teochew organisations overseas to improve networking and business opportunities among the Teochew diaspora in an age of globalisation and digitalisation.
A special recognition was made to TPIHK’s past presidents for their contributions to the organisation. Appreciation tokens were also presented to key sponsors and donors of the installation ceremony.
Atlas Lithium Corporation(NASDAQ: ATLX) (Atlas Lithium or the Company) is pleased to announce that the Company sold a 3.0% Gross Overriding Revenue royalty to Lithium Royalty Corp. (LRC) (TSX: LIRC) in exchange for an upfront cash consideration of US$ 20,000,000 (the “Transaction”) received today. These funds will expedite the development of Atlas Lithium’s world-class hard-rock lithium project located in the Lithium Valley, state of Minas Gerais, Brazil. LRC is widely considered the premier lithium-focused royalty company and recently completed a highly successful initial public offering. This Transaction is the largest lithium royalty deal in Brazil to date and underscores the quality of Atlas Lithium’s mineral assets. The details of the Transaction can be found in the Current Report on Form 8-K which was filed with the Securities and Exchange Commission today.
Marc Fogassa, Atlas Lithium’s Chairman and Chief Executive Officer commented: “This is a landmark transaction for Atlas Lithium. Mr. Ernie Ortiz, the President and CEO of LRC, is one of the most experienced lithium investors in the world. As part of his due diligence, he met our management and operational teams, visited our Neves Project, and witnessed our drilling campaign first-hand. Mr. Ortiz has been an advocate for clean energy since 2014, and it is a privilege to have him and LRC partner with us and support our growth. Twenty million dollars is our largest raise and will solidly reinforce our continued growth. Importantly, this capital was raised in an entirely non-dilutive manner: not a single share of stock was sold.”
Atlas Lithium currently has 10 active drills working towards delineating the lithium resource at the Neves Project, which represents a cluster of four claims out of the Company’s total of 64 mineral rights for hard-rock lithium. An initial mineral resource report for the Neves Project under the guidelines of Regulation SK 1300 (the “Resource Report”) is expected to be released in mid-2023. The Company will continue its drilling campaign following the publication of the Resource Report and plans on releasing periodic updates to such report as further drilling data is obtained.
Atlas Lithium’s drilling campaign is focused on its flagship pegmatite, “Anitta,” a 1.1-kilometer formation which has been proven to contain high-quality spodumene, a key lithium-bearing mineral. Anitta remains open along strike and at depth; the current drilling campaign is intended to determine the pegmatite’s dimensions. Recently, the Company reported that a drill hole within Anitta identified a spodumene intersect with a high geochemical reading of 4.40% Li2O. The drilling activity within Anitta has yielded multiple instances of fresh, high-grade spodumene intersects located near the surface, a characteristic that is conducive to the development of an open pit mine.
Recently, Atlas Lithium disclosed that it had received the final metallurgical report (“Metallurgical Report”) from SGS Canada Inc. (“SGS”) for studies performed over several months on a representative ore sample from the Neves Project. The metallurgical results obtained by SGS showed highly effective separation, high recovery rate, and negligible impurities using standard, environmentally friendly Dense Media Separation (“DMS”) techniques. The Metallurgical Report will become a chapter in the forthcoming Resource Report. Following the completion of the Metallurgical Report, SGS will begin work on a Preliminary Economic Assessment (“PEA”) which is expected to be issued approximately two months after the Resource Report.
About Atlas Lithium Corporation Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium projects which consist of 64 mineral rights spread over approximately 75,040 acres (304 km2) located primarily in the Lithium Valley area of the state of Minas Gerais in Brazil. In total, Atlas Lithium has 100% ownership of mineral rights for almost all battery metals including lithium (304 km2), nickel (222 km2), rare earths (122 km2), titanium (89 km2), and graphite (56 km2), in addition to mining concessions for gold, diamonds, and sand. The Company also owns approximately 45% of Apollo Resources Corp. (private company; iron) and approximately 28% of Jupiter Gold Corp. (OTCQB: JUPGF; gold and quartzite).
About Lithium Royalty Corp. Lithium Royalty Corp. (“LRC”) (TSX: LIRC) is a lithium-focused royalty company with a globally diversified portfolio of 31 high grade, top quartile revenue royalties on mineral properties around the world that supply and are expected to supply raw materials to support the electrification of transportation and decarbonization of the global economy. Our portfolio is focused on high-grade and low-cost mineral projects that are primarily located in top tier jurisdictions predominantly in Australia, Canada, South America and the United States. LRC is a signatory to the United Nations Principles for Responsible Investment, and the integration of ESG factors and sustainable mining are important considerations in our investment analysis and royalty acquisitions.
Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium Corporation and its subsidiaries (collectively, “Atlas Lithium” or “Company”) and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; and dependence on key management.
Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 30, 2023. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.
ONERHT Foundation Ltd, the corporate social responsibility vehicle of RHTLaw Asia LLP and the RHT Group of Companies (collectively, “ONERHT”), has appointed Mr. Jayaprakash Jagateesan, Group Chief Executive Officer of the AlDigi Group, as its new Board Director, effective 1 May 2023.
Mr Jayaprakash Jagateesan
Prakash also holds various positions both within and outside ONERHT and is an active member of the community who contributes to meaningful causes aligned with the Foundation’s core pillars of education, environment and sustainability, disadvantaged groups, as well as arts and sports.
He is the Deputy Chairman and Co-Founder of SDAX Exchange, Director of carbon trading platform AirCabon Exchange, Director of Global Indian International School, Vice Chairman of the Singapore Indian Education Trust (SIET), Member of the Singapore Hockey Federation Disciplinary Sub-Committee and an avid golfer who regularly participates in charity tournaments.
Mr Jayaprakash Jagateesan, Director of ONERHT Foundation Ltd, said, “The Foundation’s flagship events have been a prominent fixture on ONERHT’s calendar for many years and I have witnessed the Foundation’s evolution and growth first-hand. I look forward to playing a more active role in supporting the Foundation’s efforts to inspire a philanthropic culture of doing good.”
Ms Kaylee Kwok, Chairman of ONERHT Foundation, said, “In line with the Board’s ongoing succession plans, we recognise the importance of progressively refreshing the Board to address the evolving needs of the Foundation. Prakash’s appointment ensures that the Foundation’s Board will continue to have an appropriate mix and diversity of skills, professional experience, and personal qualities to collectively advance the Foundation’s initiatives and programmes to give back to the community.”
“We welcome Prakash to the Board and look forward to his contributions as we work closely together on our mission to provide a framework, platform and channel for corporate social responsibility and pro-bono initiatives,” added Ms Kwok.
Since its inception in 2015, the Foundation has with the support of its donors and sponsors been able to raise more than S$4 million for more than 24 charitable organisations.
ONERHT Foundation Ltd A Singapore registered charity and grant-making philanthropic organisation, ONERHT Foundation Ltd enables RHTLaw Asia LLP and the RHT Group of Companies (collectively, “ONERHT”) to do right and do good through various charitable endeavours.
Set up by ONERHT in 2015, the Foundation was registered as a Singapore charity by the Commissioner of Charities and a grant-making philanthropic organisation by the Inland Revenue Authority of Singapore on 16 September 2016 and 28 November 2016 respectively.
The Foundation seeks to establish, inspire and encourage the right philanthropic culture among the corporate and legal fraternity of giving back to the community in a focused, hands-on and meaningful manner. Since its inception, the Foundation has raised more than S$4 million to support more than 24 beneficiaries involved in education, the environment and sustainability, disadvantaged groups as well as the arts and sports. For more information, please visit www.onerht.foundation
For media enquiries, please contact: Elliot Siow / elliot.siow@rhtgoc.com / +65 8375 0417
RCEP market offers opportunities to build a sustainable future
The Hong Kong Trade Development Council (HKTDC) and Link Asset Management Limited (Link) released a survey study, “Hong Kong Green Capabilities in Real Estate Development and Property Management: RCEP Opportunities”, which highlights seven distinct advantages of Hong Kong in the field of green buildings.
Irina Fan, Director of HKTDC Research (L) and George Hongchoy, Executive Director and Chief Executive Officer of Link (R)
The report also underscores green building challenges across the Regional Comprehensive Economic Partnership (RCEP) countries, with which Hong Kong can strengthen collaboration in four major areas to expand Hong Kong’s and regional green building capacities to create a greener and sustainable future: climate risk assessment and design consulting; green financing; construction and facility management digitalisation; and green material certification and sourcing.
Mr George Hongchoy, Executive Director and Chief Executive Officer of Link Asset Management Limited, said: “We are delighted to learn that Hong Kong’s real estate sector is in a leading position in terms of green competences among the major RCEP markets being examined. As a real estate asset manager and investor based in Hong Kong, sustainability is at the heart of Link’s operation. We have been incorporating sustainability consideration in almost every part of our business, pioneering many sustainability applications in our daily operations, and striving to achieve net zero carbon emission by 2035. We are keen to work with other industrial practitioners to further advance sustainability initiatives in Hong Kong and showcase the city’s green capabilities in RCEP markets to capture new opportunities in the region.”
Ms Irina Fan, Director of HKTDC Research, said: “Green real estate development and property management are a key element in achieving net zero by 2050, particularly in the case of Hong Kong, where 50,000 private and government buildings generate 60% of the city’s carbon emissions. The progress made towards green buildings in Hong Kong in recent years is encouraging, thanks to the joint efforts of industry stakeholders. At the same time, demand for green real estate and property management services in RCEP economies is also growing. Hong Kong practitioners are well placed to take advantage of the momentum to seize business opportunities in RCEP countries, establish Hong Kong’s leading position in green buildings in the global marketplace and create stronger synergies.”
Hong Kong’s seven green building advantages
The survey has been compiled through a three-pronged approach: (1) Desktop research on Mainland China, Hong Kong and other RCEP countries of interest to understand and compare green buildings trends; (2) In-depth interviews with more than 70 stakeholders in the real estate and property management sectors in RCEP countries and Hong Kong between July and November 2022 to assess the green capabilities of Hong Kong’s real estate and property management industries; (3) Questionnaire survey via phone and online of 300 practitioners from Australia, Japan, Mainland China, Singapore and South Korea with the aim of gaining a better understanding of the green capabilities of the real estate and property management sectors across the RCEP bloc, while exploring collaboration opportunities for Hong Kong practitioners. All survey respondents are manager level or above and have been involved in green construction, property development or facility management projects for more than four years.
The report identifies seven advantages of Hong Kong in the green building field, including: 1. Green finance: Hong Kong is Asia’s leading green finance hub with a deep capital pool capable of meeting the diverse financing needs of the real estate sector; 2. Green building products and embodied carbon reduction: Local manufacturers of construction materials have made use of waste materials in their production processes to reduce embodied carbon emissions; 3. Industry coherence: Hong Kong’s well-established testing, inspection and certification (TIC) industry plays a pivotal role in certifying green building products and projects; 4. Innovative construction methods: The application of new construction approaches with higher efficiency and lower production costs, like digitalisation and prefabrication, has been pioneered by Hong Kong’s real estate developers; 5. Facility management: World-renowned for its skyline of supertall skyscrapers, Hong Kong is now turning up the dial on high-rise sustainable development and management; 6. Alternative and renewable energy and sustainable lifestyle: Hong Kong’s power suppliers have been promoting a sustainable lifestyle and energy efficiency through measures like renewable energy development, energy management, digitalisation and retrofitting; and 7. Sustainable community development: Hong Kong’s industry practitioners have built features, such as common social facilities and shared climate-resilient infrastructure into the design of real estate developments, to create sustainable, well-connected communities.
Challenges for RCEP members Our survey results show that reducing energy consumption, encouraging sustainable business practices and lowering greenhouse gas emissions are the top three reasons for adopting green building practices, as indicated by 43%, 41% and 35% of the respondents, respectively. In terms of specific green building approaches, site planning and construction management (85%) is ranked highest, followed by sustainable architectural design and construction techniques (83%), and energy and waste management (81%).
The aspects that are considered the most challenging by respondents are efficient use and reduction of construction materials (18%), air quality monitoring and air purification (18%), monitoring and reducing energy consumption (17%) and use of recycled or eco-friendly construction materials (17%). Passive design (2%), BIM modelling (4%) and Daylighting designs (6%) are considered the least challenging in the region, perhaps reflecting Asia’s strong expertise in architectural design.
While sustainability has gone mainstream, challenges for green building activities vary across countries. Japan, South Korea and Singapore face high initial costs, with 46%-56% of respondents citing costs as the top challenge for increasing green building activities. Mainland China is faced with a lack of experienced talent (44%), while Japan is struggling with securing financial resources (40%). The low availability of certified green building products and services is another area of concern among the South Korean (32%) and mainland Chinese (33%) respondents.
Hong Kong can meet the needs of the RCEP market in four major areas The views of the survey respondents together with the in-depth stakeholder interviews carried out in Hong Kong and the five selected RCEP markets summarise four major areas, for which Hong Kong’s green building capabilities can best meet the needs of RCEP markets. They are: climate risk assessment and design consulting services; green financing; construction and facility management digitalisation; and green building product certification and sourcing.
1. Climate risk assessment and design consulting services Hong Kong has a well-established TIC industry and is seen as an experienced player in handling a volatile climate. With 72% of respondents saying that they believe Hong Kong excels in design concepts and construction techniques, the city’s experience in handling volatile climates and constructing high rises could be valuable in RCEP markets. According to the survey, biophilic design / landscaping with greenery (42%) and climate risk assessment (34%) will be the most and the fifth most popular green building approach, respectively, for the next 12 months. Hong Kong is well placed to ride on its experience to provide these services to Australia, Mainland China, Singapore, and South Korea.
2. Green financing Hong Kong is a leading financial centre that actively participates in sustainable finance development and can play a key role in providing green financing and carbon trading services to Japan, Mainland China and South Korea. According to the survey, 84% of the respondents showed an interest in increasing the use of green finance products and services in the coming 24 months, to enhance public recognition of (cited by 72%), public engagement with (cited by 65%) and transparency (cited by 60%) of their sustainability strategies.
3. Construction and facility management digitalisation Hong Kong is experienced in the adoption of BIM, MiC and DfMa, while city practitioners are also good at implementing digitalisation in facility management and retrofitting existing buildings. Hong Kong can transfer knowledge of installing indoor air monitoring and control systems and smart waste management systems to RCEP. According to the survey, AI to improve energy efficiency (41%) and the construction process (37%) will be the second and the third most popular green building approaches, respectively, for the next 12 months.
4. Green building products certification and sourcing As the world’s sixth largest trading entity in merchandise trade, Hong Kong has a well-established assessment and certification protocol for green construction materials that can facilitate the sourcing of eco-friendly materials, and Japan, Mainland China and South Korea will be the focus markets. According to the survey, even though 40% of the respondents have already adopted recycled or eco-friendly construction materials in their projects, they still find the sourcing and application of eco-friendly materials a challenge due to the lack of standardisation and certification. Hong Kong can work with the RCEP market to develop a standardised assessment and certification protocol for green construction materials and set up a comprehensive regional database and platform of eco-friendly materials and suppliers.
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.
About Link Link Real Estate Investment Trust (Hong Kong stock code: 823) is the largest REIT in Asia by market capitalisation. It is managed by Link Asset Management Limited, a leading real estate investor and asset manager in the world. Since its listing in 2005 as the first REIT in Hong Kong, Link REIT has been 100% held by public and institutional investors. It is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. From its home in Hong Kong, Link Asset Management Limited owns and manages a diversified portfolio including retail facilities, car parks, offices and logistics assets spanning from China’s Beijing, Greater Bay Area (Hong Kong, Guangzhou and Shenzhen), and Yangtze River Delta centred around Shanghai, to Singapore, Australia’s Sydney and Melbourne and the UK’s London. Link Asset Management Limited seeks to extend its portfolio growth trajectory and grasp expansion opportunities in different markets in pursuit of sustainable growth. For details, please visit https://www.linkreit.com
Media enquiries For enquiries please contact: HKTDC Corporate Communication & Marketing Department Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org Eric Wong, Tel: +852 2584 4575, Email: eric.ks.wong@hktdc.org
