Category: Mining

Mineral Project Source Launches as an Innovative Marketplace for Mineral-Exploration and Mining Projects

Mineral Enterprises, LLC, (the Company) is pleased to announce the launching of a new online marketplace for mineral-exploration and mining projects worldwide. The new website, www.mineralprojectsource.com, offers an innovative, low-cost platform for holders of mineral exploration and mining projects seeking to lease, joint-venture or sell to link with shoppers from mining and exploration companies.

Subscribers contact vendors and review detailed project summaries and reports at no additional cost. There are also no finder’s fees. A major and unique feature of this new platform is that projects are posted to a robust GIS-style map containing worldwide mine, mineral-occurrence, geology and claim datasets.

During the introductory period through December 31, 2022, and to grow the project portfolio, all subscriptions for vendors and shoppers for up to 12 months are free for the initial term.

Benefits for Project Vendors:
– Market projects for lease/option, joint venture or sale to an international audience
– Advertise projects of any level, from early-stage exploration to active mining operations
– Bring attention to assets on the map, even if you’re not marketing them
– Provide detailed project information to shoppers using a comprehensive fill-in form, including the option to upload images and a report
– Use the map interface with worldwide geology, mineral occurrence, mine and mining-claim datasets
– Shoppers can access project details by clicking the location icon on the map or by searching by commodity, location and deposit type
– Projects may be “Featured” for increased visibility, including a more conspicuous location icon on the map, priority appearance on searches and a project card on the home page Featured carousel
– Low fees for 6-and 12-month project postings, with the flexibility to choose different terms for each project
– Manage projects on a dashboard

Benefits for Project Shoppers and Explorationists
– Search for projects using the GIS map interface with worldwide geology, mineral-occurrence, mine and mining-claim datasets to place projects in geologic and geographic context
– Search the project database by commodity, deposit type and location in addition to using the map
– Access detailed project summaries, reports and images at no additional cost; summaries include information on owner/vendor, land tenure, location, desired deal, geology, exploration and production history, resource/reserve data and infrastructure
– Contact vendors by email directly at no additional cost
– Never pay finder’s fees to the Company
– Take advantage of the GIS map interface for your general exploration work even if you are not actively shopping for projects
– View as many projects as you like for one, low 6-or 12-month subscription fee
– Save projects of interest to your dashboard for quick access

Jake Margolis, President of the Company, stated: “Our technical team has developed MineralProjectSource.com with the aim of creating a professional marketplace suitable for all explorationists, from individual prospectors to major mining companies. It provides a unique map interface allowing projects to be placed in context geologically and with respect to other mineral deposits, mining claims and land use. We are continually adding datasets. There are currently about 1.2 million mineral occurrences, and there’s detailed geology for more than 50 countries. What’s great about the site is that the map can be used for general exploration purposes, even if someone is not actively shopping for projects.”

Mineral Project Source invites projects of all non-fuel commodities, globally. Legends for the deposit-occurrence datasets have been optimized for consistency and for highlighting commodities of current interest, such as gold, lithium, graphite, cobalt and rare earths.

For more information, to register or to become a vendor or shopper at no charge through December 31, 2022, visit www.mineralprojectsource.com. Use coupon code MPSStarter at checkout to receive the 100% discount on all project postings and shopper subscriptions. The website provides additional information for this discount on the “Announcements” page, and the “How it Works” page provides information on how to post projects and contains a sample of the project form.

About Mineral Enterprises, LLC
The Company is a private Maryland USA corporation that owns www.MineralProjectSource.com, a marketing platform for mineral-exploration and mining projects. The Company’s principal business is the development and operation of www.mineralprojectsource.com.

For further information please contact:

Jacob Margolis
President
service@mineralprojectsource.com
240-630-4548

SOURCE: Mineral Enterprises, LLC

Leon Fuat Berhad Posts 35.8% Increase in Q2 Revenue to RM250.93 Million

Leon Fuat Berhad, a manufacturer and trader of steel products specialising in rolled long and flat steel, today reported a 35.8% increase in revenue to RM250.93 million for the second quarter ended 30 June 2022 (Q2FY2022) compared with RM184.78 million recorded in the corresponding quarter of the preceding financial year (Q2FY2021).

The Group recorded profit before tax (PBT) of RM18.04 million for Q2FY2022, a 57.6% decrease from RM42.57 million registered in Q2FY2021 while recording profit after tax (PAT) of RM14.02 million, which is a 56.3% decrease from RM32.12 million reported in the corresponding quarter of the preceding financial year.

For the quarter under review, the trading segment contributed 38.4% to revenue while the processing segment contributed 61.5%.

For the six months ended 30 June 2022 (1H 2022), Leon Fuat registered a 32.2% increase in revenue to RM523.95 million compared with RM396.26 million recorded in the six months ended 30 June 2021 (1H 2021). For the period under review, the Company reported PBT of RM49.85 million, a 41.4% decrease from RM85.10 million recorded in 1H 2021 while for 1H 2022, PAT decreased 44.4% to RM37.91 million compared with RM68.23 million recorded in 1H 2021.

Calvin Ooi Shang How, Executive Director of Leon Fuat said, “We saw higher overall revenue on the increased contributions from the trading and processing of steel products, but a combination of lower overall gross profit margin and inventories written down of RM13.88 million in the current quarter as certain inventories were measured at its estimated net realisable value weighed on PBT.”

“The outlook for the global economy remains volatile on a combination of China’s slowdown, the Russia-Ukraine war and tighter monetary policy in response to inflation. While the domestic economy has so far weathered the challenges on a combination of resilient exports and private consumption, uncertainties remain because of the potential risks from supply-chain disruptions and rising commodity prices leading to inflationary pressure.”

“We are more neutral as to the prospects for the remaining quarters of the year given these challenges especially with the softening of steel prices and the weaker ringgit. We have increased monitoring of steel prices and related currencies and continue to take proactive measures including negotiating forward contracts, where necessary, as well as prudent inventory management, to reduce any negative impact which may arise. The Group will strive to keep operating costs at manageable levels while enhancing operating capabilities and efficiencies to meet customer requirements and to ensure timely satisfaction of customer orders.”

Leon Fuat Berhad: [BURSA: LEFU] , https://www.leonfuat.com.my/

Minetech’s Revenue for 1Q Rises 43.0% to RM24 Million

Company’s loss before tax narrows to RM1.66 million

Minetech Resources Berhad, a civil engineering specialist and bituminous products manufacturer, today announced that the Company registered a 43.2% rise in revenue for the first quarter ended 30 June 2022 (1Q FY2023) to RM24.05 million compared with RM16.80 million in the corresponding quarter of the last financial year (1Q FY2022).

Matt Chin, Executive Director of Minetech

For the quarter under review, the Company recorded a loss before tax (LBT) of RM1.66 million compared with LBT of RM4.35 million in 1Q FY2022.

On a segmental basis, Minetech’s civil engineering division posted revenue contribution of RM13.7 million for 1Q FY2023, a gain of 34.3% compared with RM10.2 million in 1Q FY2022. The manufacturing division, which produces bituminous products for pipe coating, waterproofing and sealing, recorded revenue contribution of RM5.85 million, a gain of 75.1% compared with RM3.34 million in 1Q FY2022.

Matt Chin, Executive Director of Minetech, said, “The civil engineering division’s contribution was supported by higher revenue from the Selinsing Gold Mine in the quarter under review compared to the corresponding quarter of the previous financial year as production regained traction while the manufacturing division saw a significant rise in revenue due to an increase in sales as a result of improved demand from water piping and road paving projects.”

“Recent news flow point to firmer domestic economic growth and the announcement of the MRT3 project together with the continuation of other large civil infrastructure projects is positive for the construction sector as there will be need for civil engineering services as well as bituminous products.”

“We will continue to be vigilant given the more challenging global economic outlook. We have rationalised our corporate structure and in recent years diversified into other businesses to enhance our financial performance while ensuring more stable recurring income. Our narrower losses for the quarter are a result of these measures.”

Minetech Resources Berhad: 7219 [BURSA: MINE], https://minetech.com.my/

Zijin Mining Announces 2022 Interim Results: Achieved 89.95% Increase in Net Profit Attributable to Owners

Zijin Mining Group Co., Ltd. (HKG:2899; SHA: 601899; Zijin Mining or The Company) announced its interim results for the six months ended 30 June 2022 (Reporting Period). The Company realised RMB132.46 billion in operating income, up 20.57% year-on-year, while net profit attributable to owners surged to RMB12.63 billion, representing an increase of 89.95% compared with the same period last year. The profit increase was largely driven by the completion of major mine projects, including Serbia Zijin Mining, Kamoa Copper in the Democratic Republic of the Congo (DRC) and Julong Copper in China, which have commenced production and reached their designated production capacities on schedule. During the reporting period, the production volume of mine-produced copper and mine-produced gold amounted to 410,000 tonnes and 27 tonnes, representing an increase of approximately 70.47% and 22.79%, respectively.

Zijin Mining 2022 Interim Results Highlights:
For the six months ended 30 June 2022, the Group realised an operating income of RMB132.46 billion, representing an increase of 20.57% compared with the same period last year (same period last year: RMB109.86 billion).

For the six months ended 30 June 2022, the Group realised a profit before tax of RMB18.57 billion, representing an increase of 61.90% compared with the same period last year (same period last year: RMB11.47 billion).

For the six months ended 30 June 2022, the Group realised a net profit attributable to owners of the listed company of RMB12.63 billion, representing an increase of 89.95% compared with the same period last year (same period last year: RMB6.65 billion).

As of 30 June 2022, the Group’s total assets was RMB271.57 billion, representing an increase of 30.19% compared with the beginning of the year (beginning of the year: RMB208.60 billion).

As of 30 June 2022, the Group’s net assets attributable to owners of the listed company was RMB77.47 billion, representing an increase of 9.06% compared with the beginning of the year (beginning of the year: RMB71.03 billion).

CHEN Jinghe, Chairman of Zijin Mining, commented, “Our strong performance in the first half of 2022 is attributable to the strengths of the Company’s global growth strategy. By leveraging Zijin Mining’s strong financial resources and track record of mining expertise, we will continue to seek opportunities and add to our global asset mix. As the world races towards a ‘net-zero’ transition, we have also allocated resources globally to increase our competitiveness in new energy minerals. Looking forward, Zijin Mining will continue to work closely with in-country local communities and government authorities to ensure our mission of ‘Mining for a Better Society’.”

Heralding new energy minerals boom
With a 15% equity stake in the DRC Manono Lithium-tin project and the completed acquisition of Neo Lithium Corp and its flagship 3Q Lithium Project in Argentina, the Company has continued to prioritize new energy minerals such as copper, lithium and other metallic minerals. Zijin Mining currently owns over 10 million tonnes of lithium carbonate equivalent resources, with long-term development plans to boost annual production capabilities to over 150,000 tonnes per year, laying the foundation for becoming a leading lithium producer and meeting growing demand amid the global ‘clean energy transition’.

Construction at the 3Q Lithium Project has accelerated and first-stage trials of brine mining and solar evaporation have been concluded. Completion of the 3Q Project and commercial production is planned for the end of 2023. The Company has also accelerated the construction and development of the Lakkor Tso project and Xiangyuan project, with the Company having finalised a 70% acquisition of the former and is near completion on a 71% acquisition of the latter.

Increased investment to tackle global climate change
During the reporting period, the Company prioritized strict controls of pollution emissions. SO2 and NOx emissions intensity by revenue decreased by 25.59% and 4.22%, respectively. The Company’s investment in environmental protection measures also continued to increase during the first half of 2022, amounting to RMB577 million, of which RMB271 million was used for ecological restoration, representing an increase of 67% compared with the same period last year.

Zijin Mining’s efforts at the Kamoa-Kakula Mining Complex in the DRC have also ensured the project is on track to become one of the world’s ‘greenest copper producers’. With RMB120 million already invested as of the end of 2021, the Company continues to enhance and invest in the rehabilitation of the Mwadingusha, Inga G25 and related networks to realise the overall electrification of the mining fleet, and further reduce the GHG emissions per tonne of copper produced from the project.

During the reporting period, the Company obtained a 25.04% equity share in Fujian Longking Co., Ltd. (Longking) and secured controlling rights through corporate governance and other arrangements. Zijin Mining aims to leverage this new acquisition’s leading environmental management service expertise to further minimize the Company’s global carbon footprint; and promote Longking’s strategic ‘environmental protection + new energy’ transformation to achieve greater industrial synergy.

During the reporting period, the Company continued its biodiversity and restoration efforts, with a total area of restored vegetation amounting to 7.92 million m2, and over 839,000 trees planted.

Mining for a Better Society
Adhering to the United Nations Sustainable Development Goals, Zijin Mining remains steadfast in promoting its core value of ‘Mining for a Better Society’. The Company’s efforts have been widely applauded for its contributions to the social and economic development of local communities and host countries where projects are located.

With global operations, the Company has continued to deliver on its social development and responsibility commitments, including the USD4.4 million development plan for the Musonoie community in the DRC and support of the ‘Sustainable Livelihoods Program’ at the Kamoa-Kakula Mining Complex providing approximately 12,000 community members with clean water. Zijin Mining also supports the coffee growers of Western Antioquia, Colombia, through training, construction of infrastructure and maintenance of coffee plantations, helping coffee-growing families increase their scale and ability in ‘going abroad’. In Serbia, the Company also maintains investments for environmental protection and community support, amounting to over USD200 million since 2018. During the reporting period, the Company also launched the ‘For a Better Future Program’ to support local Serbian students, by offering scholarships and providing school supplies.

ZOU Laichang, President of Zijin Mining and Director of the ESG Management Committee, commented, “We have made significant steps towards our goal of ‘Mining for a Better Society’ as Zijin Mining strives for even higher-quality sustainable development. The Company actively promotes local industries, local employment and local procurement policies across our global network, aiming to contribute to global economic growth and supporting the betterment of all people in all countries.”

* USD1 = RMB6.7423

Alaska Mining Sells 51% Interest to Australian Nanotechnology Specialist

  • Company’s sole shareholder, Lee Hon Kit, to receive A$5.0 million in new Nanopac shares from sale

Alaska Mining Sdn Bhd is pleased to announce that its sole shareholder, Lee Hon Kit, is selling a 51% interest in the Company amounting to A$5.0 million (RM15.2 million) under a share sale agreement to Nanopac Alaska Sdn Bhd (NASB).

Director of Nanopac Alaska Sdn Bhd Henry Cheang; Managing Director of Alaska Mining Sdn Bhd Lee Hon Kit; Acting CEO of Nanopac Alaska Sdn Bhd Tobby Tan, and Chairman of Nanopac Innovation Limited, Dato’ Dr Cheng Kok Leong[L-R]

NASB is a unit of Nanopac Innovation Limited, which is listed on the Sydney-based National Stock Exchange of Australia. Nanopac principally engages in the research and development, manufacturing, distribution and servicing of nanotechnology materials and products. Nanopac’s other businesses include Nano-Solar panels and raw materials for paint industry. Mr. Lee is the sole shareholder of Alaska Mining, which is an earthworks and mining specialist as well as a trader of a variety of goods and logistics services provider.

Under the agreement, the sale of the 51% interest in Alaska Mining by Mr. Lee to NASB will be satisfied through the issuance of new shares in Nanopac to be paid in two tranches. The first tranche of new shares amounting to A$2.5 million (RM7.77 million) will be paid up front following the share sale agreement while the second tranche of new shares amounting to A$2.5 million (RM7.77 million) will be paid out after the Company has achieved A$5.0 million (RM15.2 million) in net profit. As part of the share sale agreement, Mr. Lee will be appointed the managing director of Alaska Mining.

Alaska Mining has been granted rights to mine sands to be processed into silica and ilmenite, from which a Chinese business group has agreed to an offtake agreement in relation to part of the ilmenite produced.

Mr. Lee expressed that he is looking forward to working with NASB and Nanopac to grow the mining business and at the same time ensure there is a steady flow of silica for Nano-Solar panel production and ilmenite for its paint products.

“This acquisition is advantageous to Nanopac as this secures a steady flow of raw materials for Nano-Solar and existing line of products, which it would otherwise have to source through third parties.”

“The mining operations will also give Nanopac a source of recurring income as the silica and ilmenite that it does not require will be sold to others while ensuring that the mining operations remain commercially sustainable, as the offtake agreement with the Chinese business group shows.”

Mr. Tobby Tan, Acting Chief Executive Officer of NASB said, “We welcome Mr. Lee to the Nanopac family and we have no doubt that with his knowledge and experience, we will be able to grow the mining business to greater heights. We also believe that the acquisition of the stake will add to our production capabilities and is positive for the growth of Nanopac’s solar panels and paints businesses.”

Nanopac Alaska Sdn Bhd https://www.nanopac.com.my/

Announcement of Intention to Delist American Depositary Shares from the New York Stock Exchange and Intention to Deregister and Terminate Reporting Obligations under the U.S. Securities Exchange Act

Aluminum Corporation of China Limited (Chalco or the Company)(NYSE: ACH; HKEx: 2600; SSE: 601600) today announced that it has notified the New York Stock Exchange (NYSE) on August 12, 2022 (U.S. Eastern Time) of its proposed application for voluntary delisting of its American depositary shares (the ADSs) from the NYSE and deregistration of such ADSs and the underlying overseas listed foreign shares (the H Shares, with a par value of RMB1 each) under the U.S. Securities Exchange Act of 1934, as amended (the Exchange Act). Due to a number of considerations, including the limited trading volume of the ADSs of the Company as compared to the worldwide trading volume of H Shares of the Company, and the considerable administrative burden and costs associated with maintaining the listing of the ADSs on the NYSE and the registration of the ADSs and the underlying H Shares with the U.S. Securities and Exchange Commission (the SEC) and complying with the periodic reporting and related obligations under the Exchange Act, the board of directors (the Board) of the Company approved the delisting of the ADSs from the NYSE and the deregistration of the ADSs and underlying H Shares under the Exchange Act.

As such, the Company intends to file a Form 25 with the SEC on or around August 22, 2022, to delist its ADSs from the NYSE. Such delisting is expected to become effective ten days after the filing of Form 25. The last trading day of ADSs on the NYSE will be on or about 1 September 2022. On and after such date, the ADSs of the Company will no longer be listed on the NYSE and whether or not the Company’s ADSs will be traded on the over-the-counter market thereafter will depend on the actions of shareholders and independent third parties, without the Company’s involvement.

After the delisting becomes effective, once the Company satisfies the conditions for deregistration, the Company intends to file a Form 15F with the SEC to deregister the ADSs and underlying H Shares under the Exchange Act. Thereafter, the reporting obligations for the Company under the Exchange Act will be suspended unless Form 15F is subsequently revoked or rejected. The deregistration and the termination of the reporting obligations of the Company under the Exchange Act are expected to become effective 90 days after the filing of Form 15F. Upon the filing of Form 15F, the Company will make available the information required by Rule 12g3-2(b) under the Exchange Act on its website at www.chalco.com.cn. The Company, as a listed issuer, will also continue to comply with its financial reporting and other obligations under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”).

The Company intends to terminate its ADSs program in an appropriate manner in accordance with the deposit agreement in due course after the delisting of the ADSs from the NYSE.

The Company reserves its right in all aspects to postpone or withdraw the above filings prior to their effectiveness; if necessary, the Company will make any further announcement as required by the Listing Rules and other applicable laws.

ABOUT CHALCO
Chalco is a leading enterprise in the non-ferrous metal industry in China, ranking among the top in the global aluminum industry in terms of comprehensive strengths, and is a large manufacturer and operator with the integration of exploration and mining of bauxite, coal and other resources; production, sales and technology research of alumina, primary aluminum, aluminum alloy and carbon products; international trade and logistics services, as well as electricity generation from coal and new energy.

CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This announcement may contain, in addition to historical information, “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements are based on the Company’s current assumptions, expectations and projections about future events. The Company uses words like “believe”, “anticipate”, “intend”, “estimate”, “expect”, “project” and similar expressions to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are necessary estimates reflecting the judgment of the Company’s senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause the Company’s actual performance, financial condition, or results of operations to be materially different from those suggested by the forward-looking statements. Except as required by law, the Company undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.

For enquiries, please contact:
Aluminum Corporation of China Limited
Mr. Ge Xiaolei, Company Secretary
Tel: (86-10) 8229 8322
Fax: (86-10) 8229 8158
Email: xl_ge@chalco.com.cn; IR@chalco.com.cn

Lab-Grown Diamond Facility in Singapore to Commence Commercial Production

SGX-listed Metech International Limited (“Metech” or the “Company”, and together with its subsidiaries, the “Group”), is pleased to announce that the lab-grown diamond facilities in Singapore of its joint venture company, Asian Eco Technology Pte. Ltd. (“Asian Eco”), can commence commercial production, following the receipt of the fire safety certificate issued by Singapore Civil Defence Force.

A pilot test of the lab-grown diamond facilities has been successfully completed.

As announced previously, Asian Eco entered into a 3-year lease agreement for an industrial property located at Kallang for the production of lab-grown diamonds.

A wholly-owned subsidiary, Zhongxin Minghua (Shanghai) International Trade Co., Ltd. (formerly known as Nolash (Shanghai) Pte Ltd.), is now a registered member of the Shanghai Diamond Exchange with effect from 13 July 2022.

Growing Industrial Applications of Lab-Growth Diamonds

Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications in oil & gas, medical equipment, aerospace, among others.

With an impressive combination of chemical, physical and mechanical properties that are ideal for a wide array of industrial applications, there is increasing commercialisation of scientific discoveries for the industrial applications of diamond in the next generation of semiconductors, aerospace, electric vehicles, medical equipment, among others.

To harness such opportunities, Asian Eco has previously entered in various memorandum of understandings and collaboration agreements with strategic partners and prominent institutions in the areas of research and development and commercialisation.

Commenting on the commencement of Asian Eco’s commercial production of lab-grown diamonds in Singapore, Ms. Samantha Hua, Executive Director and Chief Executive Officer of Metech, said: “This is a major milestone in our business strategy, accelerating our growth ambitions within the global lab-grown diamond industry that continues to exhibit positive growth prospects with its sustainability features.

Aligned with the macro trends of the global lab-grown diamond market, we aim to progressively scale up our production capabilities in Singapore and harness new opportunities.”

About Metech International Limited
(Bloomberg: CENR:SP / Reuters: METE.SI / SGX Stock Code: V3M)

Listed on the Singapore Stock Exchange, Metech International Limited (“Metech”) has a multi-pronged business model that aligns with the macro trends in the area of environmental and sustainability.

While proactively evaluating new business opportunities to broaden its business model, Metech continues to build on its capabilities and extend the value propositions of its business units.

Media & Investor Contacts:
This announcement has been prepared by the Company and reviewed by the Company’s Sponsor, Novus Corporate Finance Pte. Ltd. (the “Sponsor”), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Pong Chen Yih, Chief Operating Officer, at 7 Temasek
Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Issued on behalf of Metech International Limited by 8PR Asia Pte Ltd.
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

Relive Your Memories in The Metaverse

By now I’m sure everyone has heard of the fantasy of time travel but what if I could tell you that we can make that fantasy a reality in Virtual Reality that is?

Introducing Reflect

An invention created by Milan Cheeks, Alan Charity, and SELF Labs Inc, Reflect Is a Simulation game based on the principles of memory. You can relive your memories in the Metaverse by minting it as an NFT. By owning a Reflect Mint Pass you can get your memory created into an interactive world populated with AI Reflection Avatars to interact with and high-resolution gameplay powered by Unity & Unreal Engine 5.

How Does It Work?

There are 4 tiers of Mint Passes available that allow you to mint memories in different eras which are, Common, Rare, Ultra-Rare, and the Legendary tier. The Common Tier allows you to mint a memory up to 10 years in the past. This could be a recent memory you had up to 2010. The Rare Tier allows you to mint a memory up to 20 years in the past. Which can be a memory from now to 2000. The Ultra-Rare Tier allows you to mint up to 30 years in the past, which can be a memory up to 1990. Finally, we have the Legendary Tier which allows you to mint a memory in any era.

Each memory can be minted by following our three-step process. First step, choose which Tier Pass you would like to mint. Step two, upload a picture of your memory and a detailed description of what happened in your photo. Step Three, after you mint your NFT stake it and have your world created by Mirror Image Studios a SELF Labs Organization.

How is the Gameplay?

Each memory will be fully immersive with high end graphics to depict your memory in a real-world setting. AI Reflection Avatars will enhance the experience by allowing you to interact with each person in your memory. Each Avatar has the ability to speak in the voices of people in your memory and you can choose to continue to live and have others join the simulation with these avatars as Smart NPCs (Non-Playing Characters). For example, you mint a memory of your 10-year-old birthday party, you can relive this memory and create everyone that was in attendance as avatars. You will be to talk and fully interact with these avatars, but you can continue to live with these avatars and have your decisions depict what happens next. By continuing the memory, the avatars will adapt, and each memory will become a civilization of these “Living” Smart NPCs. Sound like a Black Mirror Episode yet? If not, just wait until the next part.

A life With No Regrets

Have you ever thought about a memory and thought about how you could have done something differently? Well with the Reflect Game you no longer need to contemplate other outcomes. We added a function in the game called Quantum Jumping which allows you to go back into a memory and make a different decision than what you’ve made in the past. For example, using the same 10-year-old birthday example, you can choose not to go to the party and see what would have happened if you didn’t go. Did we blow your mind yet?

Show Off Your Memory Or Trade It

Once you receive your mint pass you can sell it or buy others on the open market like Opensea at any time. You can sell it before your world is created or even after the simulation begins. The Reflect Game will be an open world concept like Decentraland or Sandbox but instead of plots, there will be a conjunction of different memories. This allows anyone to join your memory and relive the past with you.

Historic Memories

Historic memories are a big part of the Reflect Game and exclusive to Legendary Tier Mint Pass holders. Each holder will have the ability to collaborate with institutions like Museums to recreate an historical memory like Martin Luther Kings “I Have A Dream” speech or even further to living with George Washington.

How can you get started?

Reflect is an exclusive game on the Mirror Image One Console. You can get the Reflect Game by minting a Mint Pass NFT on the official website.

www.reflectgame.xyz.
www.mirrorimageone.com

USMining Group Officially Announced that It Has Obtained the US MSB License

The US MSB (Money Services Business) license is a financial license provided by FinCEN, the Financial Crimes Enforcement Bureau of the US Treasury Department. FinCEN publishes MSB, which stands for Money Services Business. MSB is the starting point for blockchain payment firms. The accomplishment of USMining Group in acquiring a US MSB license is important positive news for investors.

Since its inception, USMining Group has attracted the attention of the blockchain industry. USMining Group thinks that blockchain technology requires practical applications as well as public involvement. It is vital to decrease the barrier to blockchain investment. USMining Group was able to acquire the public’s trust in a short amount of time, and the US MSB license became the key to market development.

The USMining Group team claims that “Previously, we primarily provided system development and maintenance assistance to enterprises and huge financial institutions. Because of the emergence of blockchain in recent years, the firm has opted to pursue a broader end-user market. Ideally, it would be feasible to make money, develop communities, amass traffic, form consensus, and eventually build a blockchain ecosystem using USMining Group’s technology.”

About USMining Group
USMiningGroup, created in 2016, is a cloud mining equipment sharing platform located in the United States. USMiningGroup is a pioneer in the realm of ASICs, or specialized devices, and it develops Cryptomining equipment under the Bitminer name. As a result, it is considered one of the greatest Crypto cloud mining sites.

This company also works with two of the world’s largest cryptocurrency mining pools, Bitpool and BTC.com. USMiningGroup saves customers the trouble of obtaining and maintaining their own mining equipment. By acquiring a contract, users may mine digital currencies and earn money.

Media Contact
Brand: USMining Group
E-Mail: info@USmininggroup.com
Website: https://usmininggroup.com
SOURCE: USMining Group

SMI Vantage acquires new high hash rate cryptocurrency mining machines

SMI Vantage is acquiring new Avalon 1266 96TH/s crypto mining machines, to be installed in their mining datacentre in Melaka. The first batch of six machines will be delivered, installed and operational by the end of July 2022.

Mark Bedingham, President and CEO of SMI Vantage, commented, “We are pleased to announce that we have acquired new high hash rate machines which will be profitable even with the current bitcoin prices. In the current climate, we are confident that we can take advantage of suppressed machine prices to acquire more high hash rate machines over the next several months.”

SMI Vantage has received shareholder approval at an EGM held on April 19th, 2022 for a proposed business diversification, following which the Company’s cryptocurrency mining machines had become operationally enabled.

About SMI Vantage

SMI Vantage Limited is an investment and management company focused on capitalizing on strong trends in the new economy including Cryptocurrency Mining, and other high-tech SaaS platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances.

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