NetworkNewsWire Newsroom

Wednesday, April 5, 2023

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Strengthens its Fundamental Corporate Tenet with Key Executive and Management Team Appointments

Ucore announced new additions to its executive and management teams in what the Chairman and CEO, Pat Ryan, believes strengthens and advances the company’s fundamental corporate tenet
Geoff Atkins was appointed as Ucore’s Vice President of Business Development, while Jaan Hurditch was appointed as Engineering Director, leading the company’s engineering activities
Ucore also bolstered its Advisory Board with the appointment of Dr. Ahmad Hussein, who will also serve as the Government Liaison
These appointments come just in time following the commissioning of the demonstration plan in Kingston, Ontario

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals (“CM”) separation technology company, just announced new additions to its executive and management teams in a move that sees the company transition toward production. As a company committed to executing an environmental, social, and governance (“ESG”)-centered plan toward establishing a comprehensive North American critical metals supply chain, these appointments, according to the company’s Chairman and CEO, Pat Ryan, allow Ucore to strengthen and advance its fundamental corporate tenet (https://nnw.fm/dxQGT).

“These recent additions to the Ucore team allow the company to strengthen and advance this fundamental corporate tenet as Ucore executes its transition to a technology company entering into a production environment throughout 2023 and 2024,” noted Mr. Ryan.

Geoff Atkins was appointed Ucore’s Vice President of Business Development, lending over 30 years of experience as a mining executive and over 15 years in the critical mineral sector. Mr. Atkins’ focus on developing rare earth projects over his career has earned him the title of one of the few mining executives outside China who has played an integral role in establishing two rare earth operations. At Ucore, he will be responsible for the development of implementation strategies to secure contracts with rare earth feedstock projects worldwide in a bid to support Ucore’s Strategic Metals Complex (“SMC”) Business Model.

Jaan Hurditch was also appointed as Engineering Director, leading the company’s engineering activities. Having previously worked with Ucore’s wholly owned subsidiary, Innovation Metals Corp. (“IMC”), as the RapidSX(TM) Platform Development Manager, Mr. Hurditch will now be responsible for the development of the RapidSX(TM) hardware platform. The platform is undergoing commissioning trials at the Kingston, Ontario, Demonstration Plant, and is projected to be commercially deployed during the construction of the Louisiana SMC in 2024.

Ucore also bolstered its Advisory Board with the appointment of Dr. Ahmad Hussein, who will also serve as the Government Liaison. With a legacy of cultivating strategic relationships with Canadian and US government agencies, Dr. Hussein will bring potential partners across the supply chain and add value to Ucore’s proprietary RapidSX(TM) technology platform opportunities and long-term strategic plans.

“One of the key pillars of our business model includes building the right team to execute a fundamentally sound economic plan underpinned by the best available technology,” noted Pat Ryan.

“We sincerely welcome Geoff, Jaan, and Ahmad to our remarkable Ucore team,” he added (https://nnw.fm/808fO).

These appointments come just in time following the commissioning of the demonstration plant in Kingston, Ontario, along with the scheduled processing of 2,000 tons of total rare earth oxides annually, commencing by the end of 2024. The company plans to scale up operations at the plant to 5,000 tons by the end of 2026, and these appointments will play a key role in achieving that goal. The appointments will also be integral to Ucore further expanding its operations, market reach, brand equity, and overall market share of the Rare Earth Elements (“REE”) processing market, which China currently dominates.

For more information, visit the company’s website at www.Ucore.com.

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://nnw.fm/UURAF

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Launches Phase 3 Drill Program at High-Grade VMS Copper-Gold-Zinc-Silver Project

Arizona Metals is focused on its high-grade copper-gold Kay Mine Project in Arizona
The company has budgeted $32 million for a Phase 3 exploration program at Kay Mine Project and had an aggregate of $58 million in cash at the end of Q3 2022
The company has recently commenced its latest drill program as it seeks to better understand the mineralization at the 97% of its project that has yet to be drilled

Right now, metals across the periodic table are arguably in their best position of the memorable past for future upside. The energy transition is bullish for base, ferrous, non-ferrous, and metals critical to green technologies and the entire supporting cast, such as infrastructure for electric vehicles and alternative energy systems. Economic upheaval is churning on the sidelines globally, which is positive for gold and other precious metals known historically as stores of value and inflation hedges. Against this backdrop, the timing looks ideal for exploration companies like Arizona Metals (TSX: AMC) (OTCQX: AZMCF) to be positioned for a prosperous 2023 and beyond with its high-grade Kay Mine Project.

Fully funded for a $32 million Phase 3 exploration program at the Kay Mine Project, Arizona Metals stands out from others at a time when metals are being called “the new oil” in light of surging demand across the board. This is particularly important to U.S. focused explorers as the country is in desperate need to reduce reliance on metal imports and develop new projects as a matter of national security.

The Toronto Stock Exchange is a bellwether for sentiment towards mineral explorers. A look at the chart shows a potential momentum shift with a groundswell of interest in 2023. After finishing 2022 at 108, the index has gained 10 percent so far in 2023 and earlier this month tested its highest point since September.

Threats of rising inflation, an energy crisis, and rising interest rates hearken memories of the early 1980’s when gold soared as recession worries mounted. So far, Wall Street is banking on the Federal Reserve taming inflation with all tools at its disposal, but if there is even a hint of concern that the main bank loses control, gold will almost certainly rally hard.

Base and metals part-and-parcel to shifting away from fossil fuels are going to experience a large rise in demand. It’s inevitable if governments worldwide are going to meet their aggressive carbon reduction goals in the next decade. Silver is particularly interesting as it is generally identified as a precious metal, while many also recognize it as a base metal for its litany of uses in industry.

Arizona is a hotbed of mining activity and the largest producer of copper in the U.S. Known to be familiar to base metal exploration, the Fraser Institute in 2020 named Arizona the second most attractive jurisdiction for mining investment.

Add it up and Arizona Metals is pushing at the right time to advance the Kay Mine Deposit, its flagship copper-gold-zinc-silver asset located in Yavapai County. The world-class VMS (volcanogenic massive sulfide) high-grade deposit has a history going back over a century in a prolific region that includes 60 past-producing underground Cu Au-Zn VMS mines within a 150-kilometer radius.

An historic resource estimate at Kay shows 5.8Mt at 2.20% copper, 3.03% zinc, 55 grams/tonne (g/t) silver, and 2.81 g/t gold.(1) Exploration by Arizona Metals has continued to prove and expand the resource with repeated intercepts of high-grade metals. Cuts such as 98.3 meters at 8.3g/t AuEq (gold equivalent) in drill hole KM-22-60 and 125 meters grading 3.2% CuEq (copper equivalent) in KM-22-57B distinguish the project for grade and width.

In February 2023, the company completed construction of the road to the first of two drill pads which will be used to test the Western Target at Kay Mine. These new pads will also allow for drilling of additional coincident anomalies located between the Central and Western Targets. The Central and Western Targets were previously defined based on coincident structural, stratigraphic, geochemical, and geophysical anomalies (through extensive geologic mapping, sampling, and electromagnetic and gravity surveys). The Phase 3 drill program to test the Central and Western Targets is currently underway.

With $58 million as of September 30, 2022 (the latest reported quarter), Arizona Metals is flush with cash to meet its $32 million budget for a Phase 3 drill program.

Arizona Metals CEO Marc Pais said, “the first hole to test this large coincident EM-geochemical-gravity anomaly is now underway. While this target is located only 1,200m west of our Kay Mine Deposit, the drilling started in February will be the first to test this area in the history of the property.”

While drilling at the discovery zone is looking like it could produce “company maker”-type metals on its own, the new exploration is reason for investors to be excited for results. To date, only 3 percent of prospectively mineralized horizon has been drill tested at the Kay Mine Project, leaving a lot of headroom for expansion amid an extremely favorable mining environment. On Feb. 28, 2023, the company presented its latest findings at the 32nd Global Metals, Mining & Critical Minerals Conference.

For more information, visit the company’s website at www.ArizonaMetalsCorp.com.

Full Disclosure: Arizona Metals Corp. is an InvestorBrandNetwork marketing client.

NOTE TO INVESTORS: The latest news and updates relating to AZMCF are available in the company’s newsroom at https://nnw.fm/AZMCF

(1) The historic estimate at the Kay Mine Deposit was reported by Exxon Minerals in 1982. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a “qualified person” (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) before the historic estimate can be verified and upgraded to be a current mineral resource. A qualified person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

About NetworkNewsWire

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) CEO, Chris Bunka, Confident that 2023 will be Lexaria’s Best Year Ever

Chris Bunka, Lexaria’s CEO, remains confident that 2023 will be Lexaria’s best year ever and has expressed his optimism that the company will continue to build its client base and increase its cash flows as the year progresses
In his 2023 letter to stakeholders, the CEO expressed his satisfaction given that the company had delivered on a statement that he made the previous year, lauding his team for meeting objectives that Lexaria had set out to achieve in the 2022 calendar year
Through the help of his team, Bunka is committed to making Lexaria one of the top drug delivery performers in the biotech/pharmaceutical world, starting with the launch of its FDA-registered IND program to investigate its patented DehydraTECH(TM)-processed CBD for the potential treatment of hypertension

Back at the start of the 2022 calendar year, Chris Bunka, the CEO of Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, released his annual letter to all stakeholders. Of note was his emphasis on the company’s initiatives to have multiple choices in how it was funded, specifically trying to position Lexaria for non-dilutive injections of capital through strategic partners and other commercial relationships (https://nnw.fm/iZWm6).

In his 2023 letter, Bunka expressed his satisfaction and pleasure, given that the company delivered on the statement he made the previous year, pointing to his team for delivering objectives that Lexaria had set out to achieve in the 2022 calendar year.

Under the able leadership of John Docherty, Lexaria’s President and Director, as well as Gregory Downey, the Chief Financial Officer (“CFO”), the company has built on the progress made in 2022 to begin the transition toward a more commercial focus.

Lexaria was granted new patents in 2022, bringing its total to 28 granted patents worldwide across the United States, Canada, Mexico, Australia, Japan, India, and the European Union. The management expects to be awarded additional patents in the 2023 calendar year, even though it has already achieved considerable intellectual property protection through its existing patent portfolio.

Importantly, with its current positioning, Lexaria is seen as being able to fully operate through nearly all of 2023 without raising additional capital:

“In fact, we’ve done such a great job of preserving capital that we could survive through nearly all of 2023 without needing to raise additional capital, if we cut back a little on our R&D spending,” noted Bunka. “However, as we prefer to keep advancing our applied R&D at a rapid pace as we can, we are also continuing to pursue capital-strengthening possibilities that do not involve the issuance of any equity,” he added.

Going forward in 2023, Lexaria looks to launch its FDA-registered Investigational New Drug (“IND”) program to formally investigate its patented DehydraTECH(TM)-processed CBD for hypertension. The company also seeks commercial relationships this year, even as its R&D progresses. Bunka has also shared the possibility of additional investigations in 2023 related to DehydraTECH-CBD or other pharmaceutical areas of interest.

With the learnings from the previous year, Bunka is confident that 2023 will be Lexaria’s best year ever. With the company enjoying more successes than failures, its management hopes it will continue to build its client base and increase its cash flows as the year progresses.

“It is my goal for 2023 to make Lexaria Bioscience one of the top drug delivery performers in the biotech/pharmaceutical world as we continue to prove the validity of our technology, and really begin our efforts to deliver financial rewards to you, our owners,” noted Bunka.

For more information, visit the company’s website at www.LexariaBioscience.com.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://nnw.fm/LEXX

About NetworkNewsWired

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork