Avalon Advanced Materials Inc. (TSX: AVL} provided a progress report on the Separation Rapids Lithium Project 2016 work program.

Avalon remains focused on the lithium chemicals process development work, along with environmental studies, a mineral resource update and the engineering work needed to complete a PEA, by the end of August 2016.

Avalon Provides Progress Report on the Separation Rapids Lithium Project, Kenora, Ontario

July 25, 2016

Toronto, ON – Avalon Advanced Materials Inc. (TSX: AVL} is pleased to provide a progress report on the Separation Rapids Lithium Project (“Separation Rapids”) 2016 work program, last updated in the Company’s news release dated May 25, 2016.

Avalon remains focused on the lithium chemicals process development work, along with environmental studies, a mineral resource update and the engineering work needed to complete a Preliminary Economic Assessment (“PEA”). The PEA, which will be focused on the lithium ion battery materials market opportunity, is expected to be completed before the end of August, 2016.

Expenditures on Separation Rapids for the nine month period ended May 31, 2016, totaled $1.4 million out of a budget of $2.0 million to August 31, 2016.

Lithium Hydrometallurgical Process Development Work

Bench-scale hydrometallurgical testwork initiated in May, 2016 to confirm the lithium hydroxide production process conceived for the lithium mineral (petalite) concentrate has essentially been completed. The Company is only awaiting analytical results for the lithium hydroxide product that was successfully produced from the low impurity lithium sulphate solution produced earlier using an established electrolysis process. A final report is expected in the next two weeks following which the data will be incorporated into the PEA.

Further work to optimise the process flowsheet is already underway, including evaluation of a fluidised bed roasting process as an alternative to a rotary kiln which, if successful, will create significant energy savings and improved overall metallurgical performance.

Avalon is also in discussions with various laboratories and equipment vendors for conducting further pilot plant operations for both the flotation and hydrometallurgical processes in early 2017. These pilot programs will generate further samples for prospective customers, as well as provide necessary design information for future feasibility study work.

Market studies continue to indicate that lithium ion battery manufacturers are moving toward greater use of lithium hydroxide as the preferred lithium chemical feedstock in the battery chemistries being adopted for electric vehicles. Hardrock lithium deposits such as Separation Rapids are well suited to produce lithium hydroxide directly from the mineral concentrate utilising a relatively efficient flowsheet that greatly reduces reagent consumption and the volume of waste material requiring disposal. Petalite from Separation Rapids offers the further advantage of being relatively free of impurities needing removal from the final product.

Environmental Studies

Minimising environmental impacts remains a key objective of the project development model. Chemical analysis of the tailings and waste rock material has largely been completed. This information is being utilized for PEA design and costing of the waste rock dumps, the tailings management facilities and water treatment facility. Both the mill tailings and the mined waste rock are free of acid generating minerals or other materials that may create unwanted environmental impacts. This will reduce the cost of future treatment of waste water discharged from the site.

The sustainable use of the ore body has been improved by recovering by-product minerals such as feldspars, reducing reagent consumption by over 50% and total tailings produced by 17% in the most recent flowsheet. Total energy intensity per tonne of product has decreased by almost 40% and concentrator water use per tonne of product is down by 61% from initial estimates due in part to recycling initiatives. In addition to the environmental benefits, these process improvements will also enhance overall project economics.

Mineral Resource Update

An internal mineral resource estimate has been completed to bring the historic resource into compliance with current resource reporting protocols under NI 43-101. This involved re-defining confidence levels on the resources and re-sampling of drill core to incorporate modern QA/QC protocols into the database. No significant variances historic resource estimates were detected. The updated resource estimate will now be reviewed by independent Qualified Persons for inclusion in the PEA. Diamond drilling to delineate additional lithium resources at depth and along strike is planned for later in 2016 or early 2017.

Preliminary Economic Assessment

Internal work on the PEA is progressing steadily and it is now scheduled for completion sometime before the end of August, 2016. Micon International Inc., Toronto, ON has been retained as the independent consultant to serve as Qualified Person(s) to review and finalize the PEA. Many of the sections have been prepared and completion awaits the receipt of environmental test results and the cost estimates for the hydrometallurgical plant.

Other Project Activities

A desktop study into the feasibility of generating hydro-power near the site using “run-of-river” technology is now being implemented. In addition, Avalon is also exploring the possibility of using locally-generated waste wood products (currently transported long distances for disposal) as a source of feed for a biomass power generator.

The Company will be proceeding with work this summer to upgrade the access road to an all-weather condition. This will facilitate all-season access for heavy equipment needed for future bulk sampling and diamond drilling programs. Local sources of aggregate required for this work have been identified.

The technical information included in this news release has been reviewed and approved by the Company’s Senior Vice President, Metallurgy and Technology Development, Mr. David Marsh, FAusIMM (CP), and Donald S. Bubar, P.Geo. both Qualified Persons under NI 43-101.

About Avalon Advanced Materials Inc.

Avalon Advanced Materials Inc. (formerly Avalon Rare Metals Inc.) is a Canadian mineral development company specializing in niche market metals and minerals with growing demand in new technology. The Company has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

For questions and feedback, please e-mail the Company at ir@AvalonAM.com

Or phone Don Bubar, President & CEO at  +1 416 364 4938.

 
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements that the PEA is expected to be completed before the end of August, 2016, that the data [from the final report] will be incorporated into the PEA,that further work, if successful, will create significant energy savings and improved overall metallurgical performance, that pilot programs will generate further samples for prospective customers as well as provide necessary design information for future feasibility study work, that the nature of mill tailings and waste rock will reduce the cost of future treatment of waste water discharged from the site, that process improvements will also enhance overall project economics and that the Company will be proceeding with work this summer to upgrade the access road to an all-weather condition. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “potential”, “scheduled”, “anticipates”, “continues”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, “planned”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be” or “will not be” taken, reached or result, “will occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Avalon to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. Although Avalon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to market conditions, and the possibility of cost overruns or unanticipated costs and expenses as well as those risk factors set out in the Company’s current Annual Information Form, Management’s Discussion and Analysis and other disclosure documents available under the Company’s profile at www.SEDAR.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

130 Adelaide St. W, Suite 1901
Toronto, ON M5H 3P5
Canada

+1 416 364 4938
ir@AvalonAM.com

Scorpio Gold {TSX.V: SGN} CEO Peter Hawley has joined the board of Defiance Silver {TSX.V;:DEF} as Chairman and Director.

Defiance Silver is a Mexico based silver exploration and development company.

Scorpio Gold CEO Peter Hawley joins Defiance Silver

Mexico-focused Defiance Silver {TSX.V: DEF} has added Scorpio Gold {TSX.V: SGN} Mining founder Peter Hawley to its board as director and chairman.

Peter Hawley has 36 years of geological and mining experience, has worked with the likes of Teck Resources, Noranda, Placer Dome and Barrick Gold in the past.

Hawley is currently the CEO of low-cost open-pit gold producer Scorpio Gold, which has an operation at Mineral Ridge, Nevada, USA. He will retain this position as well as his new responsibilities at Defiance.

Nymox Pharmaceutical Corporation {NASDAQ: NYMX} Director James Robinson acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th.

The total consideration was $33,300.

Nymox Pharmaceutical Corporation {NASDAQ: NYMX} Director James Robinson acquired 10,000 shares of the company’s stock in a transaction that completed on Wednesday, July 20th.

The stock was acquired at an average price of $3.33 per share, with a total value of $33,300.00.  Following the acquisition, Robinson now owns 2,870,050 shares in the company, valued at $9,557,266.50.

Nymox Pharmaceutical Corporation, formerly Corporation Pharmaceutique Nymox, is a biopharmaceutical company.

The Company is focused on developing its drug candidate, NX-1207, for the treatment of benign prostatic hyperplasia (BPH) and the treatment of low-grade localised prostate cancer.

The Company markets NicAlert and TobacAlert tests that use urine or saliva to detect use of tobacco products.

Cartier Resources{TSX.V: ECR} is considered “undervalued” by Canadian Mine Analysis.com

The report notes management buying over an extended period, at market prices, and no selling whatsoever.

A report issued by Canadian Mine Analysis.com reads very positively for Cartier Resources {TSX.V: ECR}, and notes CEO, President,and director  Philipe Cloutierre’s frequent purchases at market prices across a whole range of prices from 41c to 8c.

To read the full report, please click HERE

Kootenay Silver {TSX.V: KTN}  provided an update on activities at its 100% owned La Cigarra silver project located in Chihuahua State, Mexico.

The Company reports drill permits are in place and preparations for the previously announced 3,000 metre drill program are well underway with expectations that drilling will commence on or by August 1, 2016.

VANCOUVER, July 21, 2016  – Kootenay Silver Inc. {TSX.V: KTN}  is pleased to provide an update on activities at its 100% owned La Cigarra silver project located in Chihuahua State, Mexico.

The Company reports drill permits are in place and preparations for the previously announced 3,000 metre drill program are well underway with expectations that drilling will commence on or by August 1, 2016.

The targeted drill program is designed to test the high priority RAM target and to expand La Cigarra’s current mineral resource estimate by targeting continuity of high-grade trends recently identified within the resource.

States Kootenay President and CEO James McDonald “We are very pleased to proceed with our drill program on La Cigarra and the highly prospective nearby RAM target. This is a key drill campaign that will aid us in our goal of expanding known resources with focus on understanding and expanding high-grade silver zones extending from within the La Cigarra resource prior to proceeding with a Preliminary Economic Assessment on the project. We are also very excited to conduct a maiden drill program on the nearby RAM target that is a large, structurally controlled 3.8 kilometer anomalous silver trend that offers significant potential to further add to our current silver resources.”

Drill testing will begin on the RAM target where the initial 8 holes of the program are planned, followed by drilling along extensions of the La Cigarra resource where several underlying high-grade silver zones have been identified. This includes the southern boundary of the Las Carolinas Zone where hole 155 returned 23 metres of 138 g/t silver. (See Northair News Release dated Dec 15, 2014). This area remains open down dip and along strike to the southeast, which could potentially extend an additional two kilometers. The overall objective of the program will be to further determine the controls of the high-grade mineralized zones, contained within and extending from La Cigarra with a focus on expanding the known NI 43-101 silver resource estimate.

A larger drill program will be designed as progress and results of re-logging to assess the potential to model the high-grade zones and the 3,000 metre program are made and received.

La Cigarra Resource Estimate

La Cigarra’s updated NI 43-101 resource estimate was completed by Allan Armitage, PhD, P. Geo. and Joe Campbell, B.Sc., P. Geo., of GeoVector Management Inc. Resource Statement for the La Cigarra silver project located in Chihuahua State, Mexico: Effective Date January 14, 2015.

The resource estimate was calculated based on results from 156 of 173 holes totaling 27,617 metres drilled along the open ended La Cigarra mineralised system which has a defined strike length of at least three kilometers.

The 156 holes included in the Property’s resource estimate were positioned within a potentially surface minable area comprised of the San Gregorio and Las Carolinas mineralised zones, which combined form a total strike length of 2.4 kilometers. The resource estimate was constrained by a constrained pit shell utilizing a $22 /oz silver price and reported at a 35 g/t silver cut-off grade, and considers metallurgical recoveries of 84% silver.

A summary of the mineral resource estimate is available on the website

Sampling and QA/QC
All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control (“QA/QC”) program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.

Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.

About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in Mexico and in British Columbia, Canada. The Company’s top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometers from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometers north, and along strike, of Grupo Mexico’s Santa Barbara mine and Minera Frisco’s San Francisco del Oro mine.

The Promontorio Mineral Belt includes the Company’s La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 g/t silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 g/t silver equivalent. The Company’s core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The information in this news release has been prepared as at July 20, 2016. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “expected”, “may”, “will” or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay’s expectations or any change in events, conditions or circumstances on which any such statement is based.

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

This press release uses the terms “Measured”, “Indicated”, and “Inferred” resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.

SOURCE:  Kootenay Silver Inc.
For further information:

James McDonald, CEO and President

+1 403-880-6016

Ken Berry, Chairman

+1 604-601-5652

www.kootenaysilver.com

Strongbow Exploration {TSX.V: SBW}.  As a result of a review by the British Columbia Securities Commission, Strongbow have issued the following news release to clarify their disclosure regarding the mineral resource estimate contained in the NI 43-101 Technical Report for the South Crofty tin project announced April 19, 2016, and filed on SEDAR June 1, 2016.

Strongbow Provides Clarification on the NI 43-101 Mineral Resource Estimate for the South Crofty Tin Project

VANCOUVER, B.C. – 07/20/16 – Strongbow Exploration Incorporated {TSX.V: SBW}.  As a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure regarding the mineral resource estimate contained in the NI 43-101 Technical Report for the South Crofty tin project announced April 19, 2016, and filed on SEDAR June 1, 2016.

The resource estimate comprises two zones:

1. A Lower Mine tin-only resource;
—————————————————————————-
Lower Mine Mineral Resource Estimate at 0.60% Sn Cut-Off
—————————————————————————-
Tonnes (‘000s) Sn Grade Contained Sn (tonnes)
—————————————————————————-
Indicated Resource 1,660 1.81% 30,000
—————————————————————————-
Inferred Resource 738 1.91% 14,100
—————————————————————————-

2. An Upper Mine polymetallic resource, comprising tin, copper and zinc,
previously reported as a tin equivalent (SnEq) grade only. Strongbow
failed to provide details for each metal in the SnEq grade for the Upper
Mine Resource in its news release dated April 19, 2016. This detail is
provided below and the disclosure has been added to all other public
documents where applicable.
—————————————————————————
—————————————————————————
Upper Mine Mineral Resource Estimate at 0.60% SnEq Cut-off (1-12)
—————————————————————————
Tonnes (k) Sn % Cu % Zn % SnEq %
—————————————————————————
—————————————————————————
Indicated Resource 257 0.70 0.79 0.58 0.99
—————————————————————————
Inferred Resource 464 0.67 0.62 0.63 0.91
—————————————————————————
—————————————————————————

Additional detail can be accessed from the NI 43-101 Technical Report on the Company’s SEDAR page, or, from Strongbow’s website at www.strongbowexploration.com
(1) CIM definitions were followed for Mineral Resources.
(2) The Qualified Persons for this Mineral Resource estimate are: Richard
Routledge, M.Sc. (Applied), P.Geo. and Eugene Puritch, P.Eng. of P&E
Mining Consultants Inc.
(3) Mineral Resources are estimated by conventional 3D block modelling
based on wireframing at a 0.50% SnEq cut-off grade and inverse
distance to the power of 3 grade interpolation. The 0.5% Sn/SnEq cut-
off for wireframing vs 0.6% Sn/SnEq cut-off for resource reporting is
due to a shift to lower Sn prices between the commencement and
finalization of this report.
(4) SnEq is calculated using the formula:%SnEq = Sn% + (Cu% x 0.311) +
(Zn% x 0.084).
(5) For the purpose of resource estimation, assays were capped at 20% Sn
for the Lower Mine and 6% for Sn, 4% for Cu and 20% for Zn for the
Upper Mine.
(6) The 0.6% Sn/SnEq resource cut-off grade was derived from the
approximate March 31, 2016 two year LME trailing average Sn price of
US$8.50/lb, Cu price of US$2.75/lb, and Zn price of US$0.90/lb, 88.5%,
85% and 70% respective process recoveries, smelter payable of 95% and
Sn refining charges of US$0.25.lb. Operating costs used were US$55/t
mining, US$27/t processing and US$9/t G&A.
(7) Bulk densities of 2.77 tonnes/m3and 3.00 tonnes/m3have been applied
for volume to tonnes conversion for the Lower and Upper Mine,
respectively.
(8) Mineral Resources are estimated from near surface to a depth of
approximately 869 m.
(9) Mineral Resources are classified as Indicated and Inferred based on
drill hole and channel sample distribution and density, interpreted
geologic continuity and quality of data.
(10) The mineral resources have been depleted for past mining, however,
they contain portions that may not be recoverable pending a future
engineering study.
(11) Mineral resources which are not mineral reserves do not have
demonstrated economic viability. The estimate of mineral resources may
be materially affected by environmental, permitting, legal, title,
taxation, socio-political, marketing, or other relevant issues. There
is no certainty that all or any part of the Inferred Mineral Resource
will be upgraded to an Indicated or Measured Mineral Resource as a
result of continued exploration.
(12) Figures in table are rounded and may not sum exactly.

Qualified Person
Mr. Eugene Puritch, P. Eng., lead author of the NI 43-101 Technical Report and a “Qualified Person” as defined in NI-43-101 has reviewed and approved the contents of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Richard D. Williams”
Richard D. Williams, P.Geo
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 release.
This news release contains “forward-looking statements” related to the estimation of a mineral resource.
The mineral resource figures referred to in this press release are estimates and are therefore insufficient to allow meaningful application of the technical and economic parameters to enable an evaluation of the technical or economic viability and no assurances can be given that mining of the South Crofty project will be technically viable or that the indicated levels of tin will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practises. Valid estimates made at any given time may significantly change when new information becomes available. While the Company believes that the resource estimates included in this press release are well established, by their very nature, resource estimates are imprecise and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable. If such estimates are inaccurate or are reduced in the future, this could have a material adverse impact on the Company.
Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, the successful integration of acquisitions; risks related to general economic and market conditions; risks related to the availability of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations.
Although Strongbow has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Strongbow undertakes no obligation or responsibility to update forward-looking statements, except as required by law.
Contact:
Chief Executive Officer
Richard Williams.

Kootenay Silver {TSX.V: KTN} have confirmed the TSX has approved their application to extand 7.2 milion warrants due to expire soon by 6 months until 2017.

Their exercise prise is 55 cents.

Kootenay Silver confirm warrant extension

Kootenay Silver {TSX.V: KTN}  announced that the TSX Venture Exchange has consented to the extension in the expiry date of the following warrants.

Private placement

Number of warrants:  7,246,833

Original expiry date of warrants:  5,443,500 warrants expiring July 18, 2016; 1,803,333 warrants expiring Aug. 18, 2016

New expiry date of warrants:  5,443,500 warrants expiring Jan. 18, 2017; 1,803,333 warrants expiring Feb. 17, 2017

Exercise price of warrants:  55 cents

These warrants were issued pursuant to a private placement of 7,246,833 shares, with 7,246,833 share purchase warrants attached, which was accepted for filing by the exchange effective Nov. 10, 2014.

Condor Gold {AIM: CNR} have been the subject of a new Broker note from Numis.

Numis have increased their target price from 115p to 130p, almost double the current market price.

The S&P / TSX Venture Exchange Composite Index was the strongest performing global index for H1 2016.

517 mining companies listed on the Toronto venture Exchange have at least doubled in 2016 so far.

TSX Venture Exchange rising strongly in H1 2016.

After so many lean years the bounce was always likely to be strong when it occurred, and so it has been for many companies listed on the TSX Venture Exchange.

The facts speak for themselves:

• In H1 2016, $5.3 billion was raised by TSX and TSX.V listed mining companies through 738 financings.( This represents 56% of the number of global mining financings globally)

  The S&P / TSX Venture Exchange Composite Index was the strongest performing global index for H1 2016.

  Every one of the top 10 performers on the S&P/TSX Composite Index so far in 2016 is a mining company, as are 18 of the top 20.*

  In the first half of the year, the price of gold has increased 25% and silver 37%.

Source – TMX Group.

The Italian banking crisis looks to be worsening, and under new EU rules, a public bail in cannot take place until bondholders and shareholders have taken a hit first.

With an impending referendum in Italy, will the EU allow a fudge of their own rules?

Italy’s banks are weighed down by Euro 360 Billion of bad debt, with France and Germany facing the biggest hits if the crisis cannot be resolved.

To read the full article, please click HERE

Inovio Pharmaceuticals, Incorporated {NASDAQ: INO} today announced that its novel DNA-based monoclonal antibody technology will be deployed to develop products which could be used alone and in combination with other immunotherapies in the pursuit of new ways to treat and potentially cure infection from the HIV virus.

Funding for Potential Breakthrough Therapy is Part of Prestigious NIH/Delany Grant for Industry-Academic Collaboration.

 
PLYMOUTH MEETING, PA – July 14, 2016 – Inovio Pharmaceuticals, Incorporated {NASDAQ: INO} today announced that its novel DNA-based monoclonal antibody technology will be deployed to develop products which could be used alone and in combination with other immunotherapies in the pursuit of new ways to treat and potentially cure infection from the HIV virus.

In a recently published article, Inovio demonstrated that a single administration in mice of a highly optimized dMAb® DNA, which targets HIV, generated antibody molecules in the bloodstream that possessed desirable functional activity including high antigen-binding and HIV-neutralization capabilities against diverse strains of HIV viruses.

Funding for Inovio’s effort to treat and potentially cure HIV is part of a $23 million grant from the National Institutes of Health to The Wistar Institute, an Inovio collaborator.

This grant brings together Inovio and more than 30 of the nation’s leading HIV investigators to work on finding a cure for the virus. The grant, called BEAT-HIV: Delaney Collaboratory to Cure HIV-1 Infection by Combination Immunotherapy, is one of six awarded by the NIH as part of the Martin Delaney Collaboratories for HIV Cure Research.

“A simple, safe and scalable cure for HIV would accelerate progress toward ending the HIV/AIDS pandemic,” said National Institute of Allergy and Infectious Disease (NIAID) Director Anthony S. Fauci, M.D. “Through the leadership of talented investigators with a diversity of expertise, the Martin Delaney Collaboratory program will accelerate progress in this key research endeavour.”

Dr. J. Joseph Kim, Inovio’s President & CEO, said, “With 37 million people infected with HIV still awaiting a cure, we are pleased that our new HIV dMAb products are expanding our initiative alongside our breakthrough DNA vaccine products to potentially help these patients.”

Inovio has demonstrated experience in advancing HIV product candidates. Inovio completed initial clinical studies of its HIV immunotherapy PENNVAX®-B, targeting clade B viruses, to achieve proof of principle in generating potent immune responses using its SynCon® immunotherapy technology. In two published phase I studies, PENNVAX-B immunization generated high levels of activated, antigen-specific CD8+ killer T cells with proper functional characteristics. This ability uniquely positioned PENNVAX as an important vaccine candidate to prevent and treat HIV infections.

Using a $25 million grant from the NIAID, Inovio designed its universal, multi-antigen PENNVAX-GP vaccine targeting the env, gag and pol antigens to provide global coverage against all major HIV-1 clades. PENNVAX-GP is Inovio’s lead preventive and therapeutic immunotherapy for HIV and is being evaluated in a phase I clinical study (HVTN-098) involving 94 healthy subjects as a preventive vaccine.

About Inovio’s dMAbs

Monoclonal antibodies (mAb) were a transformational scientific innovation designed to enhance the immune system’s ability to regulate cell functions. They are designed to bind to a very specific epitope (area) of an antigen or cell surface target and can bind to almost any selected target.

The paradigm shift of Inovio’s technology is that the DNA for a monoclonal antibody is encoded in a DNA plasmid, delivered directly into cells of the body using electroporation, and the mAbs are “manufactured” by these cells. Using this newly patented approach, Inovio published that a single administration of a highly optimized DNA-based monoclonal antibody targeting HIV virus in mice generated antibody molecules in the bloodstream possessing desirable functional activity including high antigen-binding and HIV-neutralization capabilities against diverse strains of HIV viruses. The potential of this technology was further demonstrated in two additional published studies where dMAb products for Chikungunya and dengue viruses were able to completely protect the treated mice from lethal exposure to these viruses.

All of these feats were not previously achievable with other DNA-based or viral delivery technologies. Inovio’s transformational approach could be applied to develop active monoclonal antibody products against multiple therapeutically important diseases including cancers as well as inflammatory and infectious diseases. Combined with favorable pharmacokinetic characteristics and cost structure compared to conventional monoclonal antibody technology, Inovio’s active in-body generation of functional monoclonal antibodies in humans has the potential to significantly expand the range of targetable diseases.

Monoclonal antibodies as a product class have become one of the most valuable therapeutic technologies of recent years. In 2012, global sales value of monoclonal antibodies exceeded $50 billion. Among the top 10 best-selling drugs in 2012, six of them were monoclonal antibodies, each with annual sales exceeding $5 billion.

About Inovio Pharmaceuticals, Inc.

Inovio is taking immunotherapy to the next level in the fight against cancer and infectious diseases. They are the only immunotherapy company that has reported generating T cells in vivo in high quantity that are fully functional and whose killing capacity correlates with relevant clinical outcomes with a favorable safety profile. With an expanding portfolio of immune therapies, the company is advancing a growing preclinical and clinical stage product pipeline. Partners and collaborators include MedImmune, Roche, The Wistar Institute, University of Pennsylvania, DARPA, GeneOne Life Science, Plumbline Life Sciences, Drexel University, NIH, HIV Vaccines Trial Network, National Cancer Institute, U.S. Military HIV Research Program, and University of Manitoba.

For more information, visit www.inovio.com

CONTACT:
Bernie Hertel,

Inovio Pharmaceuticals

+1 858 410 3101

bhertel@inovio.com

Scorpio Gold Corp. {TSX.V: SGN}  announced its operating results for Q2 2016 at Mineral Ridge, Nevada, USA.

Production totalled 10,089 ounces of gold and 4,235 ounces of silver, representing increases of 16% and 20% respectively over the same quarter in 2015.

SCORPIO GOLD PRODUCES 10,089 OUNCES OF GOLD IN SECOND QUARTER 2016 AT THE MINERAL RIDGE OPERATION, NEVADA AND ANNOUNCES CHANGE IN CASH FLOW DISTRIBUTIONS FROM THE MINERAL RIDGE PROJECT

Vancouver, July 14, 2016 – Scorpio Gold Corp. {TSX.V: SGN} announced its operating results for Q2 of 2016 at its 70% owned Mineral Ridge project, located in Nevada.

Production at Mineral Ridge in Q2 of 2016 totalled 10,089 ounces of gold and 4,325 ounces of silver, representing increases of 16% and 20% respectively over Q2 2015 production levels.

The increased metal production is primarily attributed to higher crusher throughput, resulting in increased recoverable ounces placed on the heap leach pad and expected improvement in leach pad recoveries, as previously reported. Total gold production for the first half of 2016 now stands at 18,597 ounces, a decrease of 10% from H1 of 2015.

The Company’s 2016 production forecast remains unchanged at 30,000 to 35,000 ounces of gold (as reported in the Company’s March 23, 2016 news release).

Peter J. Hawley, President & CEO, comments, “The Company is pleased to report another solid quarter of production at Mineral Ridge. We continue to focus on operational excellence while meeting our production forecast for 2016. The Company continues to evaluate ways to enhance the economics of the Mineral Ridge project without affecting safety and overall performance.”

Production in the second half of 2016 is scheduled from the Mary LC pit and from the Missouri satellite pit.

Key Operating Statistics
Three Months Ending Jun 30 Six Months Ending Jun 30
2016 2015 Change 2016 2015 Change
Mining operations
Mary LC pit
Ore tonnes mined 138,795 – 100.0% 285,667 – 100.0%
Waste tonnes mined 919,453 – 100.0% 1,622,483 – 100.0%
Total mined 1,058,248 – 100.0% 1,908,150 – 100.0%
Strip Ratio 6.6 – 100.0% 5.7 – 100.0%

Satellite pits
Ore tonnes mined 39,493 56,046 -29.5% 142,745 114,119 25.1%
Waste tonnes mined 139,664 113,521 23.0% 366,720 285,873 28.3%
Total mined 179,157 169,567 5.7% 509,465 399,992 27.4%
Strip Ratio 3.5 2.0 75.0% 2.6 2.5 4.0%

Mary pit
Ore tonnes mined – 78,343 -100.0% – 196,307 -100.0%
Waste tonnes mined – 298,704 -100.0% – 1,043,681 -100.0%
Total mined – 377,047 -100.0% – 1,239,988 -100.0%
Strip Ratio – 3.8 -100.0% – 5.3 -100.0%

Total producing pits
Ore tonnes mined 178,288 134,389 32.7% 428,412 310,426 38.0%
Waste tonnes mined 1,059,117 412,225 156.9% 1,989,203 1,329,554 49.6%
Total mined 1,237,405 546,614 126.4% 2,417,615 1,639,980 47.4%
Strip Ratio 5.9 3.1 90.3% 4.6 4.3 7.0%

Pits under development
Ore tonnes mined – 53,264 -100.0% – 92,146 -100.0%
Waste tonnes mined 67,732 1,190,883 -94.3% 123,354 1,995,432 -93.8%
Total mined 67,732 1,244,147 -94.6% 123,354 2,087,578 -94.1%

Total mining operations
Ore tonnes mined 178,288 187,653 -5.0% 428,412 402,572 6.4%
Waste tonnes mined 1,126,849 1,603,108 -29.7% 2,112,557 3,324,986 -36.5%
Total mined 1,305,137 1,790,761 -27.1% 2,540,969 3,727,558 -31.8%

Processing
Tonnes processed 275,551 194,651 41.6% 527,138 413,023 27.6%
Gold head grade (g/t) 1.33 1.37 -2.9% 1.48 1.39 6.5%
Tonnes milled at Goldwedge facility – – – – 1,392 -100.0%
Gold head grade (g/t) – – – – 8.87 -100.0%
Ounces produced
Gold 10,089 8,738 15.5% 18,597 20,690 -10.1%
Silver 4,325 3,591 20.4% 8,246 9,910 -16.8%
Recoverable(1) gold (ounces) placed on pad 8,002 5,769 38.7% 17,034 12,428 37.1%

(1) A weighted average metallurgical recovery factor has been applied to the estimated contained ounces crushed and placed on the leach pad based on the pit from which the ore was mined.

Change to cash flow distributions from the Mineral Ridge project

On July 4, 2016, the settlement price of gold on the LBMA PM fix exceeded $1,350, and as such under the terms of the Mineral Ridge operating agreement, the Company’s entitlement to cash flows distributed from the Mineral Ridge mine reverted to 70% from the previous 80% entitlement.

Under the terms of the operating agreement, the 10% additional amount distributed to Scorpio, representing an amount of $35,714, from distributions made after the operating agreement amendment in August, 2015, was repaid in full to Elevon, LLC. For more information, see the Company’s news release dated August 17, 2015.

About Scorpio Gold

Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Elevon, LLC (30%). Mineral Ridge is a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages.

Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada with a fully permitted underground mine and 400 ton per day mill facility. The Goldwedge mill facility has been placed on a care and maintenance basis and can be restarted immediately when needed.

Scorpio Gold’s President & CEO, Peter J. Hawley, PGeo,, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this release.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
President & CEO

Contact:
Peter J. Hawley, President & CEO
+1 819 825 7618
phawley@scorpiogold.com

 www.scorpiogold.com

Kootenay Silver {TSX.V: KTN}  raised their  equity financing and confirms Pan American Silver’s {NASDAQ: PAAS} intention to exercise participation right, and will subscribe for up to an additional 1.25 million units .

Kootenay Silver {TSX.V: KTN}  reports that in connection with its before reported private placement offering of units at a price of CAD$0.40 per Unit, it has amended its contract with Haywood Securities to raise the amount of the Offering from 10,000,000 Units to up to 11,250,000 Units for aggregate gross proceeds of up to CAD$4,500,000.

In addition, the Firm reported that Pan American Silver {NASDAQ: PAAS} has indicated it intends to exercise its participation right in full to maintain its pro-rata 10% interest in the Firm. As a result, Pan American will subscribe for up to an additional 1,250,000 Units at the Offering Price for aggregate gross proceeds of up to CAD$500,000.

Strongbow Exploration Inc. {TSX.V: SBW} confirmed that it has completed the acquisition, from administration, of a 100% interest in the South Crofty Tin Project and associated mineral rights in Cornwall, UK.

This brings the possibility of a second mine in the south west of England, with Wolf’s tungsten mine located near Plympton, in Devon.

Comment

It’s good to see another company taking over the South Crofty project, located near Redruth in Cornwall. It’s positive for the UK, and gives employment opportunities to an area of England that could certainly do with some.

Canadian listed Celeste were the last company to hold this licence, and there have been a few others before them, but nobody has yet managed to bring the mine back into production.

Let’s hope with an experienced CEO at the helm that may be about to change!

Strongbow Exploration Completes Acquisition of South Crofty Tin Project, Cornwall, UK

VANCOUVER, BRITISH COLUMBIA-  – July 12 2016 – Strongbow Exploration Inc. {TSX.V: SBW} is pleased to announce that it has completed the acquisition, from administration, of a 100% interest in the South Crofty Tin Project and associated mineral rights in Cornwall, UK, as previously announced on March 17, 2016.

 
Highlights
Strongbow acquired, from administration, a 100% interest in Western United Mines Ltd. (“WUML”) and Cornish Minerals Limited (Bermuda) (collectively the “Companies”) on July 11, 2016.
The Companies hold the rights to the South Crofty underground mine permission area, plus additional mineral rights over a further 7,500 Ha located in various parts of Cornwall, UK.
This acquisition enables Strongbow to progress the South Crofty Project towards a preliminary economic assessment (“PEA”) in improving market conditions.
South Crofty has an active mine permit valid until 2071, subject to certain planning conditions being addressed.

 
A new National Instrument (“NI”) 43-101 Mineral Resource Estimate for South Crofty was announced in April 2016, which includes an Indicated Resources of 1.66 million tonnes (Mt) at 1.81% tin and Inferred Resources of 0.74Mt at 1.91% tin in the Lower Mine tin-only section.

 
The mine permission area includes 26 former producing mines.

Some of the tin lodes have been mined over a strike length of approximately 4km, and from surface to a depth of 1km. The lodes remain open along strike and to depth.
Existing mine infrastructure that is potentially useable includes four vertical shafts with a combined depth of 2,940m.

 
An area has been set aside for construction of a new process plant, if and when required.

 
Richard Williams, President & CEO of Strongbow stated “We are extremely pleased to have concluded this agreement, and look forward to moving the South Crofty Project to completion a PEA and, if successful, through a feasibility study towards a production decision in collaboration with all stakeholders in this historic tin mining district. This represents a significant step towards our goal of creating a new strategic metals company with Osisko Gold Royalties as a cornerstone shareholder.”

 
The Acquisition
In March 2016, Strongbow entered into an agreement with Galena Special Situations Fund (the only secured creditor) , and Tin Shield Production Ltd. (a private company) to acquire a 100% interest in the Companies and the South Crofty tin project.

 
After closing of the acquisition on July 11, 2016, Strongbow now owns a 100% interest in Western United Mines Ltd. (“WUML”) and Cornish Minerals Limited (Bermuda) (collectively the “Companies”) The Companies hold the rights to the South Crofty underground mine permission area, plus additional mineral rights over a further 7,500 Ha located in various parts of Cornwall, UK.

WUML was placed into administration in 2013 to protect the assets.

 
Material terms of the acquisition are as follows, all references to currency being in Canadian dollars unless otherwise specified:
Strongbow entered into a purchase and sale agreement with the administrator managing the affairs of WUML and Cornish Minerals Limited (UK), the sole shareholder of the Companies (also in administration) to acquire the shares of the Companies and to fund the exit of WUML and Cornish Minerals Limited (UK) from administration by reaching a settlement of the claims owed to unsecured creditors.

The unsecured creditors approved the proposal on June 10, 2016. Strongbow paid ₤143,000 (C$249,000) for the exit from administration.
Galena, the only secured creditor, converted all debt owed to it into common shares of WUML and Strongbow acquired these shares, in return for future milestone payments, thereby completing the acquisition of 100% of the shares of the Companies.
The UK holding company Cornish Minerals Limited (in administration) released the intra group indebtedness owed to it by WUML, amounting to £11,525,758.
Upon closing of the acquisition, Strongbow reimbursed Tin Shield C$318,000 for operating costs incurred for the project from November 1, 2015 to February 29, 2016;

Strongbow assumed responsibility for the monthly project operating costs as of March 2016. Also upon closing, Strongbow made a payment of US$80,000 to Tin Shield to refund a shareholder loan made to Tin Shield.
On July 11, 2016, Strongbow issued 2,000,000 common shares with a value of $400,000 for the acquisition. A total of 1,050,000 common shares were issued to Galena and 950,000 common shares were issued to Tin Shield. The common shares are subject to a hold period that will expire November 12, 2016.
In addition to the reimbursement, loan repayment and shares issued on July 11, 2016, Strongbow agreed to the following additional payments and share issuances as part of the purchase and sale agreement with Galena and Tin Shield, whereby Galena and Tin Shield would split the payments 52.5% to Galena and 47.5% to Tin Shield:
Strongbow will issue 1,000,000 common shares to Galena / Tin Shield upon receipt of a permit to increase water discharge from the old mine workings from 10,000m3 per day to 25,000m3 per day.
Strongbow will make a payment to Galena / Tin Shield totaling $2,000,000 (cash and / or common shares at Strongbow’s election) on the second anniversary of the approval vote by creditors for WUML’s exit from administration (date set at June 10, 2018).
Strongbow will issue 2,000,000 common shares to Galena / Tin Shield on delivery of a positive feasibility study or commencement of commercial production, whichever occurs first.
Strongbow will make a cash and / or common share payment to Galena / Tin Shield equal to 25% of the Net Present Value (“NPV”) of the project upon making a decision to go into production. In the event that Strongbow’s market capitalization is less than the NPV of the project when a production decision is made, Strongbow will pay the equivalent of 25% of its market value to Galena / Tin Shield and the balance (between the 25% of market value and 25% of the NPV of the project) will be paid out as a 5% Net Profits Interest from production.
In the event that Strongbow transfers any assets, rights, or entitlements to certain mineral rights which are not part of the core mineral rights (the “Other Mineral Rights”) to a third party before the agreed consideration has been paid to Galena / Tin Shield, then Galena / Tin Shield will be entitled to receive a payment equal to 10% of any consideration received for the Other Mineral Rights, to a maximum of $1,000,000.

 
NI 43-101 Mineral Resource Estimate
An NI 43-101 Mineral Resource Estimate, authored by P&E Mining Consultants Inc. of Brampton, Ontario, was filed under Strongbow’s issuer profile on SEDAR on May 31, 2016.

Highlights of the resource estimate include:
Lower Mine Mineral Resource Estimate at 0.60% Sn Cut-Off
Tonnes (‘000s) Sn Grade Contained Sn (tonnes)
Indicated Resource 1,660 1.81% 30,000
Inferred Resource 738 1.91% 14,100
Upper Mine Mineral Resource Estimate at 0.60% SnEq Cut-Off*
Tonnes (‘000s) SnEq Grade Contained SnEq (tonnes)
Indicated Resource 257 0.99% 2,500
Inferred Resource 464 0.91% 4,200
* Sn equivalent (SnEq) grade is calculated using the formula: SnEq%= Sn% + (Cu% x 0.311) + (Zn% x 0.084).
(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. It is noted that no specific issues have been identified as yet.
(2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
(3) The mineral resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
(4) The 0.60% Sn/SnEq resource cut-off grade was derived from the approximate March 31, 2016 two year trailing average Sn price of US$8.50/lb, Cu price of US$2.75/lb, and Zn price of US$0.90/lb, 88.5%, 85% and 70% respective process recoveries, smelter payable of 95% and refining charges of US$0.25.lb. Operating costs used were US$55/t mining, US$27/t processing and US$9/t G&A.
The Lower Mine Mineral Resource contains tin only, and the Upper Mine Resource is a tin equivalent Mineral Resource based on the presence of tin, copper and zinc mineralization.
The exploration drill hole database for the South Crofty Project contains 157 recent diamond drill holes totalling 30,931.82m, 3,362 historic diamond drill holes for 90,732.81m and 14,893 historic channels over 29,439.75m.
Fifty nine mineral wireframes for twenty four lodes were constructed from mineralization intercepts in channels and drill holes at a cut-off grade of 0.60% tin equivalent grade over a minimum true width of 1.2m.
Assay grades were capped at 6% for tin, 4% for copper and 20% for zinc for the Upper Mine and 20% tin for the Lower Mine.
The project has multiple targets with potential to materially increase the resource size.

South Crofty; Background
The South Crofty Tin Project is located in the towns of Pool, Camborne, and Redruth in the county of Cornwall, South West England, approximately 465km drive west of London.

 
There has been tin mining in Cornwall since at least 2,300 BC. The South Crofty Project commenced large scale production in the mid 17th century. The mine managed to continue operations until it shut down in 1998 following the tin price collapse of 1984.
Several companies attempted to revive the mine between 2001 and 2013. Significant advances were made, primarily the agreement to secure a site for future mill construction, and the grant of a mining permit which is valid until 2071, subject to certain planning conditions being met. Unfortunately, the timing of the mine permit grant in 2013 coincided with very poor market conditions in the resource sector and the assets were put into administration in 2013.
The mine has seen production from near-surface copper mineralization and deeper tin-only mineralization. The focus for Strongbow will be to evaluate the deeper tin-only mineralization that occurs primarily from a depth of 400m below surface.

 
Qualified Person
Richard Williams, P.Geo. (BC), President & CEO of Strongbow and a Qualified Person under NI 43-101, has reviewed and approved the contents of this news release.

 
ON BEHALF OF THE BOARD OF DIRECTORS
“Richard D. Williams”
Richard D. Williams, P.Geo

 
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 release.
This news release contains “forward-looking statements” including but not limited to statements with respect to Strongbow’s ability to obtain an increase to the water discharge permit for the South Crofty Tin Project, its ability to deliver a positive feasibility study on the project, the commencement of commercial production from the South Crofty Tin Project and the estimated future net present value of the South Crofty Tin Project, the availability of financing for future cash payments, ongoing maintenance costs and future development work at the South Crofty Tin Project, in addition to the estimation of a mineral resource and the success of exploration activities.
Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, the successful integration of acquisitions; risks related to general economic and market conditions; risks related to the availability of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations.
Although Strongbow has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Strongbow undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

POET Technologies Inc. {TSX.V: PTK} – announced the results of its annual general meeting of shareholders (“AGM”) and additional option grant of July 7, 2016.

Management now hold options for 20% of the outstanding shares.

Comment

Whilst the granting of options is seen as important to incentivise management (don’t their salaries do that?) I have never been a big fan as they are in fact a one way bet, management reap any reward without taking any financial risk, whilst investors supply the risk capital, but don’t share the no risk reward if a project becomes a winner. Nice ‘work’ if you can get it!

In this case management have 20%  of the outstanding shares as options!  This is way too many in my opinion.

And the new options granted were at the current share price, 86 crents, so where’s the challenge there? Surely options are a reward to be earned?  So why not price them at, say, $1.20? so at least if they exercise them, the shareholders have also been rewarded by an increased share price.

And they are valid for 10 YEARS!  Where on earth is the challenge?  It’s actually negative for the company in my opinion that such an easy target over such a great length of time has been  given.  It doesn’t suggest a great deal of confidence in the near term!

i don’t support option grants like this, the exchange should have rules to prevent it in my humble opinion.They should be a reward for increasing shareholder value, not a gimmee.

AGM report

SAN JOSE, Calif., July 08, 2016 – POET Technologies Inc. {TSX.V: PTK} – developer of the planar opto-electronic technology (“POET”) platform for monolithic fabrication of integrated circuit devices containing both electronic and optical elements on a single semiconductor wafer – is pleased to announce the results of its annual general meeting of shareholders (“AGM”) and option grant of July 7, 2016.

AGM

At the AGM, the shareholders approved the following items:

The number of directors was set at seven;
All seven directors were re-elected as proposed, with each director receiving over 95% of the votes cast;
Marcum LLP, Certified Public Accountants, of New Haven, Connecticut were reappointed as auditors of the Company for the ensuing year; and
The Company’s stock option plan (with all officers, directors and insiders abstaining from voting) was amended to increase the number of common shares of the Company reserved for issuance under the plan to 44,352,885, representing 20% of the 221,764,427 issued and outstanding common shares of the Company.
Option Grant

At the meeting of directors following the AGM, as part of the Company’s annual incentive stock option grant program, options were granted to certain directors, officers, key consultants and employees of the Company to purchase up to an aggregate of 3,900,000 common shares, representing approximately 1.76% of the outstanding shares of the Company.
Employees as a group 400,000
Management as a group 1,550,000
Directors as a group 950,000
CEO and Chairman’s Discretionary Pool 1,000,000

The options are exercisable for 10 years at a price of $0.86 being the closing price of the Company’s shares on July 6, 2016. 25% of the options will vest on the first anniversary of the grant and the balance will vest quarterly over a further three year period thereafter.

The options were granted subject to provisions of the Company’s stock option plan and are subject to the TSX Venture Exchange policies and applicable securities laws. For further details on the Company’s share capital, refer to the Company’s Financial Statements and the MD&A for the 3-months ended March 31, 2016 which were filed on SEDAR on May 3, 2016.

About POET Technologies Inc.

POET (Planar Opto-Electronic Technology) is a developer of opto-electronics and Photonic fabrication processes and products. Photonics integration is fundamental to increasing functional scaling and lowering the cost of current Photonic solutions. POET believes that its advanced opto-electronics process platform enables substantial improvements in energy efficiency, component cost and size in the production of smart optical components, the engines driving applications ranging from data centers to consumer products to military applications. Silicon Valley-based POET’s patented module-on-a-chip process, which integrates digital, high-speed analog and optical devices on the same chip, is designed to serve as an industry standard for smart optical components. More information may be obtained at www.poet-technologies.com.

ON BEHALF OF THE BOARD OF DIRECTORS
(signed) “John F. O’Donnell”, Secretary

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.

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook. Such statements include the Company’s expectations with respect to the capability, functionality, performance and cost of the Company’s technology.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding future growth, plans for and completion of projects by the Company’s third party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s anticipated projects, delays or changes in plans with respect to the development of the Company’s anticipated projects by the Company’s third party relationships, risks affecting the Company’s ability to execute projects, the ability to attract key personnel, and the inability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Neometals Ltd {ASX: NMT} and their Joint venture partners Mineral Resources Ltd. {ASX: MIN} have taken a major step towards commercialisation of their patented ELi Process that could see low cost battery grade lithium products produced from spodumene concentrate sourced from their Mt Marion Project, WA.

Feasibility Study shows low cost battery grade lithium hydroxide production
possible using ELi Technology  

Highlights

 Positive results for Feasibility Study (‘FS’) on producing battery grade lithium hydroxide and lithium carbonate using the patented ELiTM Process
 The FS cost estimates established to an accuracy of +/‐ 15% confirm a production
operation is technically feasible and economically viable
 The FS demonstrates an internal rate of return of 51% and a pre‐tax net present value of US$481M using a 12% discount rate
 Pilot plant study using run‐of‐mine concentrates is the next step in commercialising ELi

Neometals Ltd {ASX: NMT} and their Joint venture partners Mineral Resources Ltd. {ASX: MIN} have taken a major step towards commercialisation of their patented ELi Process that could see low cost battery grade lithium products produced from spodumene concentrate sourced from their Mt Marion Project, located near Kalgoorlie, WA.
Results of a Feasibility Study (‘FS’), following a positive Prefeasibility Study in 2012, have confirmed the proposed production project is technically feasible and economically viable.
The ELi Process converts spodumene concentrate into a high purity lithium chloride solution, then uses electrolysis to produce high purity lithium hydroxide and lithium carbonate, both high value products used in the lithium ion battery industry.

The technology is owned and being developed by Reed Advanced Materials Pty Ltd (RAM), which is 70% owned by Neometals and 30% owned by MIN.

Chris Reed, MD, Neometals, commented: “We are pleased to have completed another step towards commercialising our patented ELi process and building a globally competitive, high purity ‘battery grade’ lithium compound facility.
“The next step in the project’s development plan is to complete an integrated pilot plant test program using run‐of‐mine concentrates from Mt Marion before we commit to the detailed design and construction of a full scale plant. In parallel we will commence a formal partner selection process to commercialise this globally significant project.”
The FS evaluates an operation to produce 20,000tpa of lithium carbonate equivalent (‘LCE’) battery grade lithium hydroxide and lithium carbonate by conversion of spodumene concentrates at a proposed plant in Malaysia. The FS incorporates an Engineering Cost Study (‘ECS’) with technical, engineering and economic assessments carried out by the subsidiary of the German‐owned EPC
contractor M+W Group, M+W Group (Singapore), to provide capital and operating cost estimates to an accuracy of ±15%.

To read the full news release on PDF please click HERE

Nymox Pharmaceutical Corporation {NASDAQ: NYMX} Director James G Robinson purchased 20,000 shares of the company’s stock in a transaction dated Thursday, July 7th.

The consideration was $65,600.

Nymox Pharmaceutical Corporation {NASDAQ: NYMX} Director James  Robinson purchased 20,000 shares of the company’s stock in a transaction dated Thursday, July 7th.

The shares were bought at an average price of $3.28 per share, for a total consideration of $65,600.00.

Following the completion of the transaction, Robinson now owns 2,850,050 shares in the company

Poet Technologies {TSX.V: PTK}  – Dr. Suresh Venkatesan, CEO, addressed shareholders at their recent AGM held in California.

He concluded by stating that he is “very bullish” about the future for POET, the plan is on track, and the recent acquisitions “strengthened the POET roadmap”.

The POET 2016 AGM presentation can be viewed by clicking HERE

Zenyatta Ventures {TSX.V: ZEN} announced the appointment of James Jordan, P.Eng., to the position of Project Manager with initial responsibility for overseeing all metallurgical functions related to the Company’s upcoming pilot plant.

THUNDER BAY, ON – (July 06, 2016) – Zenyatta Ventures {TSX.V: ZEN} announced the appointment of James Jordan, P.Eng., to the position of Project Manager with initial responsibility for overseeing all metallurgical functions related to the Company’s upcoming pilot plant.

James Jordan graduated from Queen’s University in 1983 with a degree in Mining Engineering (Mineral Processing) and has over 30 years’ of experience that covers a full range of mineral extraction processes including iron ore, industrial minerals, precious, base metals and zinc refining.

For the past five years, he has held senior management roles with Polyus Gold and Agnico Eagle Mines Ltd. Prior to moving into mine operations management, James spent 20 years in the consulting engineering field in a variety of roles. In 2006, he was appointed by Hatch Ltd. as Director Mineral Processing to build the mineral processing group in Mississauga. Prior to that he was a project manager and metallurgical engineer for SNC Lavalin Inc.

He has experience supervising studies at all levels; from scoping to full feasibility for an extensive cross section of mining and mineral processing projects that includes industrial minerals and managing a feasibility study for the expansion of a talc processing plant. James’ experience is broad based and includes senior level management responsibilities, strategic planning and operations management.

The purposes for the scaled up pilot plant are:

1. to create additional high purity graphite for the many potential customers requesting additional material for testing; and,

2. to further define the most efficient process flow sheet for the recovery of high purity product during the pre-feasibility stage.

The end user testing is designed to further qualify the high purity Albany graphite material for applications such as lithium ion batteries, fuel cells, powder metallurgy and graphene production for composite materials like concrete.

Aubrey Eveleigh, President and CEO stated, “We are very pleased to attract a professional of James Jordan’s caliber to our existing management team. Mr. Jordan is an individual with a strong technical and leadership background, especially related to mineral processing. He will play a very important role during this next stage of Zenyatta’s growth strategy.”

Zenyatta continues to develop its rare Albany graphite deposit in Ontario, Canada. The Company’s highly crystalline graphite deposit is a volcanic style rather than the typical and abundant sedimentary style of graphite deposits. Albany is the only and largest graphite deposit of its kind under development in the world. It is situated 30 km north of the Trans-Canada Highway, power line and natural gas pipeline near the communities of Constance Lake First Nation and Hearst. A rail line is located 70 km away with an all-weather road approximately 10 km from the graphite deposit.

The world trend is to develop products for technological applications that need extraordinary performance using ultra-high purity graphite powder at an affordable cost. Albany graphite can be upgraded with very good crystallinity without the use of aggressive acids (hydrofluoric) or high temperature thermal treatment therefore having an environmental advantage over other types of upgraded high purity graphite material.

The outlook for the global graphite market is very promising with demand growing rapidly from new applications. It is now considered one of the more strategic elements by many leading industrial nations, particularly for its growing importance in high technology manufacturing and in the emerging “green” industries such as electric vehicle components. The application for graphitic material is constantly evolving due to its unique chemical, electrical and thermal properties. It maintains its stability and strength under temperatures in excess of 3,000°C and is very resistant to chemical corrosion. It is also one of the lightest of all reinforcing elements and has high natural lubricating abilities. Some of these key physical and chemical properties make it critical to modern industry.

Zenyatta also announces the grant of 1,700,000 options to directors, officers, employees and consultants at an exercise price of $0.72 for a period of 5 years.

Mr. Aubrey Eveleigh, P.Geo., Zenyatta’s President and CEO, is the “Qualified Person” for the purposes of National Instrument 43-101 and has reviewed, prepared and supervised the preparation of the technical information contained in this news release.

Contact:
Zenyatta Ventures
info@zenyatta.ca
+1 807 346 1660
www.zenyatta.ca

CAUTIONARY STATEMENT: This analysis does not represent a statistically large sample size. Furthermore, these positive results do not mean that Zenyatta can extract and process Albany graphite for graphite applications on an economic basis. Without a formal independent feasibility study, there is no assurance that the operation will be economic. 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. This news release may contain forward looking information and Zenyatta cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zenyatta included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to Zenyatta and Zenyatta provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to Zenyatta’s future plans, objectives or goals, to the effect that Zenyatta or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zenyatta’s Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of metallurgical processing, ongoing exploration, project development, reclamation and capital costs of Zenyatta’s mineral properties, and Zenyatta’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the inability to identify target markets and satisfy the product criteria for such markets; the inability to complete a prefeasibility study; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zenyatta’s public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zenyatta’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zenyatta’s forward-looking statements. Although Zenyatta believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zenyatta disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Nymox Pharmaceutical  {NASDAQ: NYMX}  Director George Robinson continues his buying spree unabated, as he confirms he has purchased another 17,500 shares at a cost of $61,775.

He now holds 2,833,050 shares worth over $10 million.

Nymox Pharma director buying spree continues.

Nymox Pharmaceutical Corp. {NASDAQ: NYMX} Director James George Robinson purchased 17,500 shares of stock in a transaction on Wednesday, June 29th.

The stock was bought at an average price of $3.53 per share, with a total value of $61,775.00.

Following the transaction, the director now owns 2,833,050 shares of the company’s stock, valued at $10,000,666.50.

On Friday, June 24th, James George Robinson purchased 22,500 shares of Nymox Pharmaceutical Corporation. stock, bought at an average price of $2.97 per share, with a total value of $66,825.00.