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Yahoo
12-05-2025
- Business
- Yahoo
Argo's March 2025 Oil Production
Toronto, Ontario--(Newsfile Corp. - May 12, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") March 2025 oil production was a total of 3,249 barrels for the month, averaging 105 barrels per day. Oil prices averaged CDN$65 per barrel and Argo's March oil revenue was $211,595 and net operating cash flow was $112,770. March 2025 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1(37.5% interest) 103 bbl/day 39 bbl/day $78,114 $43,967 Lloyd 1(18.75% interest) 142 bbl/day 27 bbl/day $53,608 $28,131 Lindbergh 2(37.5% interest) 64.5 bbl/day 24 bbl/day $48,860 $24,407 Lloyd 2(18.75% interest) 5 bbl/day 1 bbl/day $1,915 ($1,440) Lindbergh 3(18.75% interest) 77 bbl/day 14 bbl/day $29,097 $17,704 March 2025 Total 105 bbl/day $211,595 $112,770 In April 2025, Argo paid an annual Alberta tax on its 2024 oil production on freehold lands of $130,619. About Argo Gold Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR at and on Argo Gold's website at Argo Gold is listed on the Canadian Securities Exchange ( CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS. Judy Baker, CEO(416) 786-7860jbaker@ NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. To view the source version of this press release, please visit
Yahoo
02-04-2025
- Business
- Yahoo
Northern Graphite and Graphano Energy Announce Strategic Collaboration for Graphite Resource Development
Ottawa, Ontario and Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) ("Northern") and Graphano Energy Ltd. (TSXV: GEL) (FSE: 97G0) ("Graphano") are pleased to announce an agreement to share technical knowledge and expertise to further the exploration and development of their respective properties in a more consolidated and efficient manner with increased opportunities for success. The agreement covers Northern's Lac des Iles ("LDI") graphite mine and processing facility, currently North America's only producing graphite mine, and Graphano's Lac Aux Bouleaux ("LAB") and Standard properties. The LAB Property is contiguous to the LDI graphite mine and covers the southern extensions of the productive graphite horizons and the Standard property is between Northern's Mousseau West exploration project and the LDI plant. The companies intend to share geological, geophysical, and metallurgical data and technical expertise to advance graphite exploration and development in the area with the goal of expanding resources that can be processed at the LDI plant. Northern and Graphano will cooperate on resource modeling, drilling programs, metallurgical testing, and potentially future production sharing arrangements. Both companies are committed to a collaborative approach that enhances operational efficiencies and supports the long-term development of critical mineral resources in Canada. All exploration costs will be borne by the owners of each property. "This partnership is a natural step and a win/win for both companies," said Northern Chief Executive Officer Hugues Jacquemin. "The combination of our processing capacity and knowledge of graphite deposits in the area with Graphano's promising graphite assets could increase the odds for success and potentially create new sources of ore for the LDI plant while shortening Graphano's timeline to cash flow and production. At the same time, it represents a more efficient and consolidated approach to graphite exploration and development in the area that could help meet rising global demand while reinforcing Canada's role as a reliable supplier of critical materials." Graphano CEO and President Dr. Luisa Moreno echoed these sentiments: "We are excited to work alongside Northern to accelerate the development of our graphite assets. This agreement helps to not only shorten our development timeline and lower capital costs but also aligns with our vision of enhancing Canada's capacity to meet growing global demand for clean and sustainable graphite." About Northern GraphiteNorthern, the only flake graphite producing company in North America, is a Canadian, TSX Venture Exchange listed company that is focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies. Northern's mine-to-battery strategy is spearheaded by its Battery Materials Division, which has a fully equipped, state-of-the-art laboratory in Frankfurt. The Division is focused on developing advanced anode materials to improve the cycle life and increase the charging rate of lithium-ion batteries and on marketing Northern's patented Porocarb® product. Porocarb® is a carbon-based material that enhances the performance of both solid state and lithium-ion batteries and is currently being evaluated by leading global battery manufacturers with very positive results. Northern's graphite assets include the producing Lac des Iles mine in Quebec where Northern plans to increase production to meet growing demand from industrial customers and coming demand from North American battery makers. Northern also owns the large-scale, advanced stage Bissett Creek project in Ontario, the Mousseau project in Quebec and the fully permitted Okanjande graphite mine in Namibia. Okanjande is currently on care and maintenance and represents an opportunity to substantially increase graphite production at a lower cost and with a shorter time to market than most competing projects. All projects have "battery quality" graphite and are located close to infrastructure in politically stable jurisdictions. About Graphano Energy Energy Ltd. is an exploration and development company that is focused on evaluating, acquiring, and developing energy metals resources from exploration to production. Graphite is one of the most in-demand technology minerals that is required for a green and sustainable world. Graphano's Lac aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Quebec, Canada, has historically been an active area for natural graphite. With the demand for graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in electric cars and other energy storage technologies, Graphano is developing its projects to meet the demands of the future. For Northern media inquiries:Pav Jordan, VP of CommunicationsEmail: pjordan@ For additional information on Northern:Please visit Northern's website at the Company's profile on the Social Channels listed below or contact Northern at (613) 271-2124. LinkedIn YouTube Twitter Facebook For Graphano media inquiries:Jay Richardson, CFO and DirectorEmail: info@ For additional information on Graphano:Please visit Graphano's website at the Company's profile on or contact Graphano at (416) 410-5297. Cautionary Note Regarding Forward-Looking Statements This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this news release include statements regarding, among others, the exploration and development collaboration between Northern and Graphano and the expected benefits thereof, the Company's plans to increase output at LDI and development plans with respect to the Okanjande mine in Namibia, the Bissett Creek and Mousseau projects in Ontario and its planned Baie-Comeau Battery Anode Material plant. All such forward-looking statements are based on assumptions and analyses made by management based on their experience and perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. However, these statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver anticipated results or results that would justify and support continued studies, development or operations and the inability to raise required financing. Readers are cautioned not to place undue reliance on forward-looking information or statements. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit
Yahoo
05-02-2025
- Business
- Yahoo
Argo's December 2024 Oil Production
Toronto, Ontario--(Newsfile Corp. - February 5, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") December 2024 oil production was a total of 3,321 barrels for the month, averaging 107 barrels per day. Oil prices averaged CDN$72 per barrel and Argo's December oil revenue was $238,223 and net operating cash flow was $154,781. December 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1(37.5% interest) 106 bbl/day 40 bbl/day $88,314 $58,944 Lloyd 1(18.75% interest) 158 bbl/day 30 bbl/day $66,242 $43,512 Lindbergh 2(37.5% interest) 51 bbl/day 19 bbl/day $42,760 $26,905 Lloyd 2(18.75% interest) 9 bbl/day 1 bbl/day $3,838 332 Lindbergh 3(18.75% interest) 90 bbl/day 17 bbl/day $37,069 $25,088 December 2024 Total 107 bbl/day $238,223 $154,781 Argo's January oil production was approximately 3,554 barrels averaging 115 barrels per day. About Argo Gold Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR at and on Argo Gold's website at Argo Gold is listed on the Canadian Securities Exchange ( CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS. Judy Baker, CEO(416) 786-7860jbaker@ NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward-looking Information Cautionary Statement Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to the financing not being completed in its entirety, or at all, delays or uncertainties with drilling and surface preparation work, and not achieving hoped for exploration success. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available. To view the source version of this press release, please visit Sign in to access your portfolio
