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King River Resources updates Speewah Project PFS to focus on smaller scale development

King River Resources Ltd (ASX:KRR) has revealed an update to the Speewah Specialty Metals (SSM) Project PFS after sulphuric acid leach testwork on magnetite concentrate, non-magnetic concentrate fractions and run of mine rock support the potential of a smaller scale project development design.

The new plan would mean alumina is primarily targeted and extracted by leaching rock that has only been mined, crushed and ground to 0.15mm without further beneficiation.

These changes to focus on high purity alumina (HPA), vanadium pentoxide (V2O5), titanium dioxide pigment (TiO2) and iron oxide (Fe2O3) products in a smaller scaled operation may provide a basis for its future scale-up to produce more products in proportion to prices and demand.

HPA extraction methods
Late last year, King River made a breakthrough in extracting aluminium directly from the vanadium, titanium, iron, aluminium and magnesium rich sulphuric acid lead solution as the first precipitation product from which 99.98% alu..

King River Resources Ltd (ASX:KRR) has revealed an update to the Speewah Specialty Metals (SSM) Project PFS after sulphuric acid leach testwork on magnetite concentrate, non-magnetic concentrate fractions and run of mine rock support the potential of a smaller scale project development design.

The new plan would mean alumina is primarily targeted and extracted by leaching rock that has only been mined, crushed and ground to 0.15mm without further beneficiation.

These changes to focus on high purity alumina (HPA), vanadium pentoxide (V2O5), titanium dioxide pigment (TiO2) and iron oxide (Fe2O3) products in a smaller scaled operation may provide a basis for its future scale-up to produce more products in proportion to prices and demand.

HPA extraction methods

Late last year, King River made a breakthrough in extracting aluminium directly from the vanadium, titanium, iron, aluminium and magnesium rich sulphuric acid lead solution as the first precipitation product from which 99.98% aluminium oxide HPA was produced by a new process.

The company is now progressing flowsheet development of its new process to make HPA, and the extraction of the vanadium pentoxide, titanium dioxide pigment, and iron oxide by conventional solvent extraction methods.

HPA test work has focussed on simplifying the process steps to improve aluminium recovery and ensure the lowest level of contaminants.

The drill core samples tested are from a high-grade zone, ground to 0.15 millimetres, leached in 20% sulphuric acid at 70°C and 20, 30% and 35% pulp densities, for 96 hours.

This has enabled King River to select leaching of whole rock magnetite gabbro as the preferred initial design for a small-scale operation that delivers the optimal amount of HPA.

Further leach test work is planned to try to increase the aluminium extraction to greater than 50% by reducing the grind size and extending the leach time.

Director comments

KRR continues to make very positive steps forward towards identifying the most prudent process route and scale for the Speewah Specialty Metals (SSM) Project.

The incorporation of HPA product to Read More – Source

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Australia

Minotaur Exploration enhances share purchase plan to $2.1 million following strong investor demand

Minotaur Exploration Ltd (ASX:MEP) has scaled back its share purchase plan (SPP) after receiving applications for $3.4 million while the target was to raise $1 million only.

Following the strong support from shareholders, Minotaur has decided to increase the size of SPP to $2.1 million, which it plans to spend on the companys fully-owned Australian projects.

“Very gratifying result”[hhmc]
Minotaur chairman Roger Higgins said: “This is a very gratifying result, replicating the recent over-subscribed Placement and signifying shareholders con­fidence in the company and its suite of projects.

“Minotaur will work to invigorate its wholly-owned portfolio and the Board looks forward to realising their potential.”

SPP details[hhmc]
The company has decided to allocate shares to at least 75% of the subscriptions from eligible shareholders with a holding of 10,000 shares or more.

Accordingly, Minotaur will allot 42.3 million new shares at a price of 5 cents a share to raise a total of $2.1 m..

Minotaur Exploration Ltd (ASX:MEP) has scaled back its share purchase plan (SPP) after receiving applications for $3.4 million while the target was to raise $1 million only.

Following the strong support from shareholders, Minotaur has decided to increase the size of SPP to $2.1 million, which it plans to spend on the companys fully-owned Australian projects.

“Very gratifying result”


Minotaur chairman Roger Higgins said: “This is a very gratifying result, replicating the recent over-subscribed Placement and signifying shareholders con­fidence in the company and its suite of projects.

“Minotaur will work to invigorate its wholly-owned portfolio and the Board looks forward to realising their potential.”

SPP details


The company has decided to allocate shares to at least 75% of the subscriptions from eligible shareholders with a holding of 10,000 shares or more.

Accordingly, Minotaur will allot 42.3 million new shares at a price of 5 cents a share to raise a total of $2.1 million, which will be in addition to the $4.05 million raised through the recently completed placement.

Allotment of the new securities is scheduled on September 28, 2020, and application funds exceeding those retained from each shareholder will be returned in line with the stated scale back policy by mail on October 1, 2020.

Use of funds


MiRead More – Source

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Australia

MMJ Group Holdings set to capitalise on WeedMD investment as company scales up

MMJ Group Holdings Ltd (ASX:MMJ) (OTCMKTS:MMJJF) is focused on adding to its portfolio of investments in the cannabis value chain in Australia, Canada and Europe.

The addition of WeedMD Inc. (CVE:WMD) (OTCMKTS:WDDMF) (FSE:4WE) in September 2019 is proving to be valuable, with the company producing cannabis products for both the medicinal and adult-use markets in Canada across its three branches – StarSeed Medical Inc, Color Cannabis and CX Industries.

WeedMe announced a C$2.5 million capital raising in March 2020 which strengthened its balance sheet to support its growth plans.

StarSeed Medical Inc[hhmc]
The unique direct-to-consumer medical platform StarSeed Medical is the market leader in insured medical cannabis.

StarSeed focuses on captive patients with benefits plans and insurers to launch customized insured medical cannabis programs to uniquely pair a care service model with medical-grade cannabis.

This targets valuable and overlooked medical channel sales with a closed-loop..

MMJ Group Holdings Ltd (ASX:MMJ) (OTCMKTS:MMJJF) is focused on adding to its portfolio of investments in the cannabis value chain in Australia, Canada and Europe.

The addition of WeedMD Inc. (CVE:WMD) (OTCMKTS:WDDMF) (FSE:4WE) in September 2019 is proving to be valuable, with the company producing cannabis products for both the medicinal and adult-use markets in Canada across its three branches – StarSeed Medical Inc, Color Cannabis and CX Industries.

WeedMe announced a C$2.5 million capital raising in March 2020 which strengthened its balance sheet to support its growth plans.

StarSeed Medical Inc


The unique direct-to-consumer medical platform StarSeed Medical is the market leader in insured medical cannabis.

StarSeed focuses on captive patients with benefits plans and insurers to launch customized insured medical cannabis programs to uniquely pair a care service model with medical-grade cannabis.

This targets valuable and overlooked medical channel sales with a closed-loop model which provides exclusive access to around 350,000-plus potential patients, offering patient-centred cannabis as a service.

Color Cannabis


The Color Cannabis brand consists of a range of distinctive products cultivated with care in the adult-use market.

WeedMD is focused on building brand awareness via promotional tools that trigger interaction, drive awareness and inspire trial at retail and online.

With the exclusive launch of renowned strain Black Sugar Rose, the introduction of a vaporization (vape) and pre-roll line, as well as new nitrogen-infused packaging, the company is executing on its commercial growth plans.

The closed loop medical system offers patient-centred cannabis as a service.

MMJs investment


MMJs investment in WeedMD now comprises:

a) C$6 million in 8.5% unsecured convertible debenture units issued by WeedMD which MMJ has the option to convert into 3.75 million shares by September 25, 2022 (the debenture units have preference over ordinary shares with interest paid to MMJ on quarterly basis); and

b) Warrants that allow MMJ to acquire an additional 3.75 million shares for C$1.80 each by September 25, 2022.

The group is well-placed to capitalise on WeedMDs focus on growth of its indoor and outdoor cultivation, combined with in-house extraction, product development and manufacturing capabilities.

WeedMD is optimized to grow at scale with the ability to expand to double the current size with modest incremental capexRead More – Source

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Australia

Manganese producers set to strike gold after Tesla unveils shift to new generation of batteries

Manganese producers are set to strike the proverbial pot of gold after the world's biggest electric car maker, Tesla Inc (NASDAQ:TSLA) (FRA:TL0) announced a major shift in its battery strategy – the move to manufacture its own batteries incorporating manganese and nickel.

Tesla's aim to drive down the cost of its electric cars will see the company producing its own new generation of batteries that will be more powerful, longer-lasting and half as expensive than the companys current cells.

More power and greater range[hhmc]
Teslas new larger cylindrical cells will provide five times more energy, six times more power and far greater driving range, according to Tesla chief executive officer Elon Musk.

Full production is about three years away, Musk said at Teslas Battery Day on Wednesday.

Manufacture own batteries[hhmc]

We intend to increase, not reduce battery cell purchases from Panasonic, LG & CATL (possibly other partners too). However, even with our cell suppliers goin..

Manganese producers are set to strike the proverbial pot of gold after the world's biggest electric car maker, Tesla Inc (NASDAQ:TSLA) (FRA:TL0) announced a major shift in its battery strategy – the move to manufacture its own batteries incorporating manganese and nickel.

Tesla's aim to drive down the cost of its electric cars will see the company producing its own new generation of batteries that will be more powerful, longer-lasting and half as expensive than the companys current cells.

More power and greater range


Teslas new larger cylindrical cells will provide five times more energy, six times more power and far greater driving range, according to Tesla chief executive officer Elon Musk.

Full production is about three years away, Musk said at Teslas Battery Day on Wednesday.

Manufacture own batteries

We intend to increase, not reduce battery cell purchases from Panasonic, LG & CATL (possibly other partners too). However, even with our cell suppliers going at maximum speed, we still foresee significant shortages in 2022 & beyond unless we also take action ourselves.

— Elon Musk (@elonmusk) September 21, 2020

Tesla aims to manufacture its own battery cells at several highly automated factories around the world and source its own raw materials, including manganese.

Musk disclosed several technological advances that it plans to implement to substantially lower the cost of producing lithium-ion batteries and electric vehicles.

This plan includes to start manufacturing at a very large scale, an innovative type of lithium-ion battery with a cathode that contains around 33% manganese, made directly from manganese metal.

Affordable electric car


The switch is aimed at delivery an 'affordable' electric car by slashing battery costs in half with new technology and processes.

Building an affordable electric car “has always been our dream from the beginning of the company”, Musk told an online audience of more than 270,000.

In January, Musk had said that in order to ramp-up production of the Tesla Model Y vehicle, introduce the new Cybertruck and launch its semi-electric truck, a lot more batteries would be needed.

“The thing were going to be really focused on is increasing battery production capacity because thats very fundamental – because if you dont improve battery production capacity, then you end up just shifting unit volume from one product to another and you havent actually produced more electric vehicles,” Musk said.

Euro Manganese shares soar


Euro Manganese Inc (ASX:EMNRead More – Source

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