Latest news with #R.NickHorsley
Yahoo
16-05-2025
- Business
- Yahoo
Hi-View Resources Corporate Update
VANCOUVER, British Columbia, May 16, 2025 (GLOBE NEWSWIRE) -- HI-VIEW RESOURCES INC. ('HI-VIEW' OR THE 'COMPANY') (CSE: HVW; OTCQB: HVWRF; FSE: B63) announces its intention to consolidate its common shares ('Shares') on a 8-old-for-1-new share basis (the 'Consolidation'). The Shares currently issued and outstanding will be reduced to approximately 4,840,060 post-Consolidation Shares. Under the Consolidation, no fractional shares will be issued. After the Consolidation, each fractional share less than one-half of a share will be cancelled and each fractional share that is at least one-half of a share will be rounded up to the nearest whole share. The exercise or conversion price and the number of shares issuable under any of the Company's outstanding stock options and convertible instruments, as applicable, will be proportionately adjusted upon completion of the Consolidation. A letter of transmittal will be sent to registered shareholders providing instructions to surrender the certificates evidencing their Shares for replacement certificates representing the number of post-consolidation Shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate representing Shares prior to the Consolidation will be deemed for all purposes to represent the number of Shares to which the holder thereof is entitled as a result of the Consolidation. Non-registered shareholders should consult their broker for further information. Hi-View CEO & Director R. Nick Horsley states, 'Following careful deliberation and consultations with several of Canada's leading financial institutions, we have opted to restructure to accelerate the development of our Toodoggone holdings. Our nearly 10,000-hectare land package demands significant investment for comprehensive drilling and exploration. With less than 1% of the area explored through drilling, we believe this restructuring is the best path to attract sufficient capital to move our project forward. We view drilling as the critical next step to unlock the full potential of the project and deliver meaningful value to our shareholders. Hi-View is fortunate to be neighboring one of the most exciting discoveries in recent history—AuRORA.' The Board of Directors of the Company believes that the Consolidation is necessary to better position the Company for future corporate development opportunities and financing transactions. There will be no name change in conjunction with the Consolidation. The Board have set May 28, 2025, as the record date of the Consolidation. Trading of the Post Consolidated Common Shares on the Canadian Securities Exchange ("CSE") is expected to commence on or about May 28, 2025, subject to final approval by the CSE. The Company CUSIP and ISIN number will change upon the completion of the Consolidation. The Company's name and stock symbol will remain unchanged following the Consolidation. About Hi-View Resources Inc. Hi-View is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada. The Company, through its subsidiary, holds a 100% interest in the Babine BC Copper-Gold property as well as interests in the Golden Stranger Property and the Lawyers East, West, South and BEN claims, located in the prolific Toodoggone region of northern BC, highly prospective for gold, silver, and copper. The collective holdings cover over 9,749 hectares. On Behalf of the Board of Directors, 'R. Nick Horsley'R. Nick Horsley, CEO For further information, please contact: Hi-View Resources Milne - PresidentEmail: hdmcap@ Telephone: (604) 377-8994Website: FORWARD LOOKING STATEMENTS: This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Forward-looking statements in this news release includes statements related to the proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. 1,2 AuEq in Thesis News Release dated September 5th, 2024 is defined in the mineral resources as being Au=Ag/ in to access your portfolio
Business Upturn
15-05-2025
- Business
- Business Upturn
AMERICAN SALARS ADDS LITHIUM BRINE EXPERT DR. MARK KING AS A TECHNCIAL ADVISOR AND QUALIFIED PERSON
By GlobeNewswire Published on May 15, 2025, 12:01 IST VANCOUVER, BC, May 15, 2025 (GLOBE NEWSWIRE) — AMERICAN SALARS LITHIUM INC. ('AMERICAN SALARS' OR THE 'COMPANY') (CSE: USLI, OTC: ASALF, FWB: Z3P, WKN: A3E2NY) announces the addition of Dr. Mark King PhD, PGeo, FGC, a world-renowned lithium brine expert, as a Technical Advisor and Qualified Person. Dr. King is a hydrogeologist with 30+ years of international experience in groundwater modeling and geochemistry. For the past 15 years, he has specialized in exploration and evaluation of lithium brine projects. His strong chemistry and numerical modeling background has proven to be an excellent foundation for brine exploration and quantitative evaluation. Consequently, his resource and reserve estimation experience on major brine projects is now arguably the most extensive of any geologist, hydrogeologist, or engineer in the world. Some notable past involvements include serving as a resource and/or reserve estimation Qualified Person for the following: Albermarle at Salar Atacama (Chile), Silver Peak (Nevada, USA) and Antofalla Salar (Argentina) Neo Lithium at the 3Q Salar, (Argentina) Lithium Americas at the Cauchari Salar, (Argentina) Vulcan Energy in the Rhine Valley, (Germany) Alpha Lithium at Tolillar & Hombre Muerto Salar, (Argentina) In addition, Dr. King and his team have conducted detailed due diligence reviews of 20+ advanced brine projects and reconnaissance reviews (and ranking) of 100+ greenfield to early-stage projects, in South America and the southern US. His technical team at GWI have advanced expertise in geological modelling, GIS, data management and 3D visualization. They will provide exploration and resource consulting services to American Salars from time to time. R. Nick Horsley, CEO & Director States, 'American Salars is yet again adding depth to its technical team. We are fortunate to welcome Dr. King and his team at GWI to American Salars and look forward to working together in our search for significant lithium salar projects. Mark is a globally recognized authority whose work has taken him to lithium brine projects throughout North and South America, and beyond.' About American Salars Lithium Inc. About American Salars Lithium Inc. American Salars Lithium Inc. is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market. All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter and Instagram. On Behalf of the Board of Directors, 'R. Nick Horsley ' R. Nick Horsley, CEO For further information, please contact: American Salars Lithium Inc. Phone: 604.880.2189 E-Mail: [email protected] Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Hamilton Spectator
15-05-2025
- Business
- Hamilton Spectator
AMERICAN SALARS ADDS LITHIUM BRINE EXPERT DR. MARK KING AS A TECHNCIAL ADVISOR AND QUALIFIED PERSON
VANCOUVER, BC, May 15, 2025 (GLOBE NEWSWIRE) — AMERICAN SALARS LITHIUM INC. ('AMERICAN SALARS' OR THE 'COMPANY') (CSE: USLI, OTC: ASALF, FWB: Z3P, WKN: A3E2NY) announces the addition of Dr. Mark King PhD, PGeo, FGC, a world-renowned lithium brine expert, as a Technical Advisor and Qualified Person. Dr. King is a hydrogeologist with 30+ years of international experience in groundwater modeling and geochemistry. For the past 15 years, he has specialized in exploration and evaluation of lithium brine projects. His strong chemistry and numerical modeling background has proven to be an excellent foundation for brine exploration and quantitative evaluation. Consequently, his resource and reserve estimation experience on major brine projects is now arguably the most extensive of any geologist, hydrogeologist, or engineer in the world. Some notable past involvements include serving as a resource and/or reserve estimation Qualified Person for the following: In addition, Dr. King and his team have conducted detailed due diligence reviews of 20+ advanced brine projects and reconnaissance reviews (and ranking) of 100+ greenfield to early-stage projects, in South America and the southern US. His technical team at GWI have advanced expertise in geological modelling, GIS, data management and 3D visualization. They will provide exploration and resource consulting services to American Salars from time to time. R. Nick Horsley, CEO & Director States, 'American Salars is yet again adding depth to its technical team. We are fortunate to welcome Dr. King and his team at GWI to American Salars and look forward to working together in our search for significant lithium salar projects. Mark is a globally recognized authority whose work has taken him to lithium brine projects throughout North and South America, and beyond.' About American Salars Lithium Inc. About American Salars Lithium Inc. American Salars Lithium Inc. is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market. All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter and Instagram. On Behalf of the Board of Directors, 'R. Nick Horsley' R. Nick Horsley, CEO For further information, please contact: American Salars Lithium Inc. Phone: 604.880.2189 E-Mail: info@ Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
Associated Press
02-03-2025
- Business
- Associated Press
AMERICAN SALARS TO EXPAND ITS POCITOS PROJECT BY 1,635% TO 13,880 HECTARES IN ARGENTINA'S LITHIUM TRIANGLE
VANCOUVER, BC, March 02, 2025 (GLOBE NEWSWIRE) -- AMERICAN SALARS LITHIUM INC. ('AMERICAN SALARS' OR THE 'COMPANY') (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) announces it has entered into a Letter Of Intent Agreement (the 'Agreement') with an arm's length vendor to acquire up to 100% of the Salar De Pocitos Project (the 'Project') consisting of 10 mineral tenements spanning approximately 13,080 hectares and contiguous to the Company's 800 hectare Flagship Pocitos 1 Project in Salta Province, Argentina. This represents a property size increase of 1635% to a footprint combined total of 13,880 hectares on the Pocitos Salar, within the prolific Lithium Triangle. The closing of this transaction will culminate in American Salars having the second largest property asset on the Salar de Pocitos. The Company's existing 800-hectare Pocitos 1 claim has an NI 43-101 Mineral Resource Estimate ('MRE') prepared by WSP Australia. The MRE infers 760,000 tonnes of Lithium Carbonate Equivalent ('LCE') on the combined Pocitos 1 (800 Ha) and neighbouring Pocitos 2 block (532 Ha). On a pro-rata basis Pocitos 1 has 456,000 tonnes of LCE insitu. (American Salars does not currently own the neighboring 532 Hectare Pocitos 2 block - See Press Release Dated June 17, 2024). The NI 43-101 MRE was estimated on an inferred basis using a block model with 6% and 14% porosity respectively for the clay and sand lithologies. Completing borehole magnetic resonance surveys will provide continuous and higher accuracy allowing an upgrade of the resource. The new 13,080 hectare Salar De Pocitos Project being acquired has been the subject of numerous historic exploration campaigns including drilling, surface sampling and geophysics. The initial work program will be a data compilation to tie together the existing drill holes on Pocitos 1 with all the historic drill holes and update the Company's NI 43-101 MRE. Scoping and feasibility studies will follow the data compilation and move the Salar De Pocitos Project through to commercial production. The Salar De Pocitos Project is located approximately 100 kilometers west of San Antonio de Los Cobres which is the largest city at the top of the puna plateau and approximately 250 kilometers west of the Provincial Capital of Salta. The Pocitos Project benefits from some of the best infrastructure on the puna including Provincial Highway Route 17 and the Pocitos industrial Park settlement that has a natural gas pipeline and near the railway that runs through the salar to the Port of Antofagasta on the Chilean Pacific Coast. American Salars CEO & Director R. Nick Horsley states, 'This acquisition represents the culmination of tremendous work by the whole American Salars team and is a game changer for the Company and our stakeholders. Having consulted with some of the largest lithium mining companies in the world, we clearly understand the prerequisites for a takeover or production scenario. Today's acquisition provides our engineering and exploration team a district scale footprint to execute on.' Figure 1. Area map of Salar de Pocitos The Agreement American Salars has entered into a letter of intent agreement whereby the Company will acquire a 75% interest immediately with Vendors with the potential to earn up to 100% undivided interest in the Property by paying to the Vendors the following cash payments totaling USD $2,000,000 and issuing 20,000,000 shares and issuing a royalty and Buy-Out Bonus based on the table below: DATE FOR COMPLETION Cash USD(b) COMMON SHARES(b) On or before the date that is 10 days after signing of the Definitive Agreement $100,000 2,500,000(a) On or before the first anniversary of the definitive agreement $100,000 2,500,000(a) On or before the second anniversary of the definitive agreement $300,000 5,000,000(a) On or before the third anniversary of the definitive agreement $500,000 5,000,000(a) On or before the fourth anniversary of the agreement $1,000,000 5,000,000(a) TOTAL $2,000,000 20,000,000(a) Subject to a 6-month escrow/restricted period. After the initial 6-month lock-up the Optionors agree to sell no more than 100,000 shares in a normal 5 day business week. USLI agrees to keep the claims in good standing by completing any required work programs. Additionally, USLI may accelerate the payments at its election at anytime. Subject to a 1% Net Smelter Royalty If USLI is subject to a takeover / buyout >$25,000,000 USD then $6,000,000 USD is payable to the Vendor The transaction is subject to a 10% finder's fee Pocitos 1 Claim The Company's existing Pocitos 1 claim had WSP Australia complete an update of the NI 43-101 report initially written by Phillip Thomas QP in June 2023 and estimated on an inferred basis using a block model with 6% and 14% porosity for the clay and sand lithologies respectively and a Mineral Resource Estimate ('MRE') of 760,000 tonnes of Lithium Carbonate Equivalent ('LCE') on the combined Pocitos 1 (800 Ha) and neighbouring Pocitos 2 block (532 Ha). American Salars does not own the neighboring Pocitos 2 ground which comprises 40% of the gross land package that makes up the resource however it is notable that all drilling to date has been completed on American Salars' Pocitos 1 block. Lithium values of 169ppm from drill hole PCT22-03 packer test assayed from laboratory analysis conducted by Alex Stewart were recorded during the project's December 2022 drill campaigns. A packer sampling system was used in HQ Diamond drill holes that were drilled to a depth of up to 409 metres. The flow of brine was observed to continue for more than five hours with all holes exhibiting exceptional brine flow rates. An NI 43-101 updated report completed by WSP Australia has been released on the Pocitos 1 project. Ekosolve Ltd. a DLE technology company was able to produce 99.8% purity lithium carbonate and extraction was above 94% of the contained lithium in the brine i.e. 158.86ppm of lithium would have been recovered from 169ppm. The higher magnesium values in the brine did not impact the extraction efficiency. Figure 2. Drilling at Pocitos 1 Lithium Brine Project (Salta, Argentina) Please click to view image Qualified Person Phillip Thomas, BSc Geol, MBusM, FAusIMM (CPVal), MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release regarding Argentina properties, and has approved the disclosure herein. Mr Thomas is a shareholder of American Salars lithium shares. PDAC 2025 American Salars will be attending the Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 2 to Wednesday, March 5, 2025. The Company encourages attendees to meet the American Salars team at Booth #3210 in the Investor's Exchange. Additionally, the Company has terminated its Candela II, Incahuasi Salar option. About American Salars Lithium Inc. American Salars Lithium is a public exploration company focused on developing lithium resource projects. The Company's ultimate objective is the production of battery grade lithium carbonate to meet the growing demands of the battery industry. The Company's has a diversified portfolio of Lithium Brine and Hardrock projects in North and South America. All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter, TikTok, Facebook and Instagram. On Behalf of the Board of Directors, 'R. Nick Horsley' R. Nick Horsley, CEO For further information, please contact: American Salars Lithium Inc. Phone: 604.740.7492 Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
