VANCOUVER, BC / ACCESSWIRE / June 28, 2019 / Canarc Resource Corp (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CAN) announces the voting results from its Annual General Meeting held on June 27, 2019 in Vancouver, British Columbia. Shareholders voted in favour of all items of business including the re-election of five existing directors.

Voting results for directors were as follows:

Directors

Votes For

Votes Withheld

Bradford Cooke

40,163,992 (99.07%)

375,200 (0.93%)

Martin Burian

40,164,492 (99.08%)

374,700 (0.92%)

Deepak Malhotra

40,174,692 (99.10%)

364,500 (0.90%)

Kai Hoffmann

40,174,692 (99.10%)

364,500 (0.90%)

Scott Eldridge

40,174,692 (99.10%)

364,500 (0.90%)

The shareholders also voted in favour of fixing the number of directors at five and re-appointing Smythe LLP as its auditors. Stock options were granted to directors and management at CAD$0.06 as an incentive to build value for the Company.

“Scott Eldridge”
____________________
Scott Eldridge, Chief Executive Officer
CANARC RESOURCE CORP.

About Canarc – Canarc Resource Corp. is a growth-oriented gold exploration company focused on generating superior shareholder returns by discovering, exploring and developing strategic gold deposits in North America. The Company is currently advancing two core assets, each with substantial gold resources, and has initiated a high impact exploration strategy to acquire and explore new properties that have district-scale gold discovery potential. Canarc shares trade on the TSX: CCM and the OTCQB: CRCUF.

For More Information – Please contact:
Scott Eldridge, CEO
Toll Free: 1-877-684-9700 | Tel: (604) 685-9700 | Cell: (604) 722-5381
Email: scott@canarc.net | Website: www.canarc.net

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historic facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the future performance of Canarc, and the Company’s plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “has proven”, “expects” or “does not expect”, “is expected”, “potential”, “appears”, “budget”, “scheduled”, “estimates”, “forecasts”, “at least”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will be taken”, “occur” or “be achieved”.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, the Company’s ongoing due diligence review in relation to the Acquisition, risks related to the uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company’s ability to continue as a going concern; the Company’s ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

SOURCE: Canarc Resource Corp

ReleaseID: 550354

Discover Hole (18-01) Intersected 291m assaying 0.293% Ni, 118 ppm Co, .02 g/t Pd and .011 g/t Pt
Drill Holes 03 and 04 Ended in Mineralization with Increasing Grade

PUSLINCH, ON / ACCESSWIRE / March 1, 2019 / Spruce Ridge Resources Ltd. (TSX-V SHL) – (“Spruce Ridge” or the “Company”) is pleased to announce the results of its 2018 winter drill program on the Crawford nickel project near Timmins, Ontario. Four holes totalling 1,818 metres were drilled on the Crawford Ultramafic Complex. Three of the holes intersected serpentinized dunite with persistent nickel values greater than 0.25% Ni over core lengths of up to 291 metres. Using a lower threshold of 0.20% Ni, long intervals are present in all four holes, with a maximum core length of 558 metres. Individual samples of 1.5 metre core intervals reported up to 0.669% Ni. Potentially significant assays of cobalt, platinum and palladium were also reported. The following table summarizes the results averaged over their respective intervals.

CRAWFORD NICKEL PROJECT – 2018 DIAMOND DRILLING RESULTS

DDH ID

Hole
dip

Hole
azimuth

From
(m)

To
(m)

Core
Length

Ni
(%)

Co
(ppm)

Pt
(g/t)

Pd
(g/t)

Au
(g/t)

SUMMARY OF INTERVALS PASSING 0.25% Ni CUTOFF

CR18-01

-60°

035°

234.00

525.00

291.00

0.293

118

0.011

0.020

0.002

includes

-60°

035°

238.50

393.00

154.50

0.320

120

0.012

0.029

0.001

includes

-60°

035°

238.50

283.50

45.00

0.384

144

0.019

0.061

0.001

CR18-03

-50°

035°

475.50

606.00 eoh

130.50

0.299

140

0.028

0.055

0.006

includes

-50°

035°

492.00

547.50

55.50

0.324

139

0.028

0.096

0.005

includes

-50°

035°

492.00

516.00

24.00

0.333

140

0.060

0.201

0.011

CR18-04

-50°

035°

205.50

402.00 eoh

196.50

0.332

135

0.010

0.027

0.002

includes

-50°

035°

208.50

285.00

76.50

0.358

156

0.017

0.041

0.001

includes

-50°

035°

208.50

220.50

12.00

0.532

220

0.030

0.070

0.001

SUMMARY OF INTERVALS PASSING 0.20% Ni CUTOFF

CR18-01

-60°

035°

36.00 eoc

594.00 eoh

558.00

0.261

127

0.010

0.016

0.002

CR18-02

-50°

035°

24.00 eoc

175.50

151.50

0.224

126

0.005

0.005

0.001

CR18-02

-50°

035°

175.50

216.00 eoh

40.50

Dunite less than 0.20% Ni

CR18-03

-50°

035°

51.00 eoc

288.00

237.00

Mafic volcanic and marginal zone

CR18-03

-50°

035°

288.00

606.00 eoh

318.00

0.248

126

0.019

0.028

0.003

CR18-04

-50°

035°

42.00 eoc

72.40

30.40

Mafic volcanic

CR18-04

-50°

035°

72.40

193.50

121.10

Dunite less than 0.20% Ni

CR18-04

-50°

035°

193.50

402.00 eoh

208.50

0.324

135

0.018

0.028

0.003

SELECTED INTERVALS WITH ELEVATED PGEs

CR18-03

-50°

035°

492.00

493.50

1.5

0.285

140

0.219

0.567

0.004

CR18-03

-50°

035°

507.00

511.50

4.50

0.339

140

0.059

0.498

0.048

CR18-04

-50°

035°

165.00

166.50

1.50

0.182

120

0.069

0.570

0.006

Dumont Deposit average grade for comparison

0.27

107

0.009

0.020

n/a

Note: eoc = End of Casing; eoh = End of Hole

Note: the lengths reported are core lengths and not true widths. The Company has insufficient information to determine the attitude, either of the ultramafic body or of mineralized zones within it. True widths will be less than the core lengths by unknown factors.

A map showing the location of 2018 diamond drilling can be found at the end of this news release.

The 2018 drilling program by Spruce Ridge and its Joint Venture partner, a group of private investors, was focussed on the Crawford Ultramafic Complex, a 3.5-kilometre long body of peridotite, dunite and their serpentinized equivalents. The target was defined by a helicopter-borne magnetic and electromagnetic survey and an airborne gravity survey, both conducted over of the entire project area of 100 sq. km. An Artificial Intelligence (A.I.) review of data, provided by Albert Mining Inc. (TSX-V AIIM), also identified the area as being prospective for nickel.

Three holes – CR18-01, 18-03 and 18-04 – of 594, 606 and 402 metres tested the axial part of the main magnetic anomaly. Holes CR18-03 and 18-04 cut through the southwestern contact of the dunite, while 18-01 was entirely within the dunite. Hole CR18-02 tested a well-defined conductor that was defined by the Airborne survey. It was explained by a fault and fracture zone in dunite. Levels of nickel and associated metals were lower in CR18-02.

The type example of the exploration model that the Company used at Crawford is the Dumont Nickel deposit of Royal Nickel Corporation (“RNC”), 220 kilometres to the east in the Abitibi region of Québec. A 2013 Mineral Resource estimate in a 43-101 technical report addressed to RNC quotes Measured plus Indicated Mineral Resources of 1.66 billion tonnes grading 0.27% Ni, 107 ppm Co (cobalt), 0.009 g/t Pt (platinum) and 0.020 g/t Pd (palladium) plus an Inferred Mineral Resource of 0.5 billion tonnes grading 0.26% Ni, 101 ppm Co, 0.006 g/t Pt and 0.012 g/t Pd. While some similarities may exist, mineralization hosted by the Dumont Deposit is not necessarily indicative of mineralization hosted on the Company’s Crawford Nickel Project.

The economic potential of the Dumont deposit derives from the fact that the rock is serpentinized; the olivine which is the dominant mineral in peridotite and dunite is converted to the mineral serpentine. The nickel which was previously contained in the olivine (and hence not recoverable by conventional technology) has been liberated and is contained in sulphide or metallic minerals that can be concentrated.

Metallurgical testwork by RNC has yielded concentrates with over 29% Ni and 1% Co. The high concentrate grade is a function of the very low sulphur content of the rock, so that most of the recoverable nickel is in low-sulphur minerals like heazlewoodite, or no-sulphur minerals like awaruite (a nickel-iron alloy).

The dunite intersected by the Crawford drilling has been extensively serpentinized and hence is considered to have the potential to contain recoverable nickel. The table given above indicates that the Crawford drilling yielded long intervals with average grades of nickel, cobalt and platinum-palladium (referred to as PGEs or Platinum Group Elements) significantly higher than those at the Dumont deposit.

The process of serpentinization involves the introduction of water into the rock, and there is also a very substantial volume increase. Fresh, unaltered dunite and peridotite typically has a density, or specific gravity (“SG”) in the range of 3.2 to 3.4. The average SG of the Dumont deposit is 2.55 which makes it lighter than most other rocks of igneous origin which have typical SG’s of 2.6 to 2.9 depending on composition. The core from the Crawford drilling had SG measurements made at regular intervals. Average SG for intervals grading over 0.25% Ni was 2.61, for intervals between 0.20% and 0.25% Ni was 2.62 and for intervals less than 0.20% Ni was 2.63, all comparable to the Dumont deposit and implying a high level of serpentinization.

The low density of serpentinized dunite and peridotite explains why the target area was chosen, not having a positive gravity anomaly. Serpentinization releases iron that had been contained in olivine to form magnetite, so the ideal “Dumont-type” target is a magnetic anomaly without a directly associated gravity anomaly. In addition to the two 3.5-kilometre long branches of the magnetic anomaly tested by the 2018 drill holes, there are two separate, but possibly related magnetic anomalies just to the north and northeast, that remain to be tested.

John Ryan, CEO of Spruce Ridge, stated that “These results are very encouraging. They show a similarity to the Dumont deposit in Québec. The unusually high PGE values in some intervals in our drilling also raise the possibility that we might encounter a PGE-bearing “reef” somewhere on this exciting project. I would like to thank DR. K. Sethu Raman for his leadership role in this Nickel discovery.”

The Company plans to have core samples analyzed by scanning electron microscope to determine what minerals host the nickel, and to roughly estimate their abundance. The second round of drilling will focus on untested anomalies identified by previous surveys.

Analyses quoted in this news release were performed by Activation Laboratories (ActLabs) at their facilities in Timmins and Ancaster, Ontario. ActLabs is a Canadian-owned analytical and assay laboratory certified to ISO/IEC 17025 with CAN-P-1579 (Mineral Analysis). Analyses for precious metals (Pt, Pd, Au) were done by Fire Assay on 30-gram splits with ICP-OES analysis. Nickel and cobalt were determined by ICP-OES after sample preparation by sodium peroxide fusion.

QA-QC: The Company relied heavily on internal QA/QC analytical procedures used by ActLabs which included the use of between 10 and 16 separate standards for different groups of elements in the ICP-OES peroxide fusion package (of which 3 included nickel and 4 included cobalt). Two standards were used for the fire assay procedures, one of which was included for every 20 samples in a batch. Duplicate analyses were performed on every fifth sample, and blanks were inserted after every tenth sample. Additionally, the company performed independent analysis of a duplicate pulp from approximately every fifth sample (184 out of 975 samples), using a portable X-Ray fluorescence instrument. Results accorded closely to those from the ActLabs ICP-OES peroxide fusion analyses. Cobalt and precious metal concentrations were too low to be reliably determined by portable XRF technology.

Sample Preparation and Security: NQ size drill core was delivered in closed boxes by drill crews after every shift, to the Company’s secure core shack in Timmins. Core was cut using a diamond saw in lengths of 1.5 metres, under the supervision of William MacRae, P.Geo., the project geologist. After every day of core cutting, Mr. MacRae personally delivered bagged and tagged samples to the Timmins laboratory of ActLabs.

About Spruce Ridge Resources Ltd.

Spruce Ridge holds a 100% interest in the Great Burnt Copper/Gold Property in Central Newfoundland which covers a series of copper ± gold rich VMS deposits. In 2015, Spruce Ridge optioned its Viking/Kramer gold properties in Western Newfoundland to Anaconda Mining Inc. The Company also has a 50% joint venture with Americas Silver Corporation on property that contains tailings with low grade gold and silver from the Drumlummon Mine in Montana. Spruce Ridge and its joint venture partner, a private investor group, are currently drilling magnetic and EM anomalies in a complex of ultramafic and mafic intrusive rocks that have been interpreted as prospective for nickel mineralization, on the optioned Crawford property 45 kilometres north of Timmins, Ontario.

Colin Bowdidge, Ph.D, P.Geo., a “Qualified Person” as defined in National Instrument 43-101, and a director of the Company, has prepared and/or reviewed the technical contents of this press release.

For further information please contact:

John Ryan, President and CEO
Spruce Ridge Resources Ltd.
Phone: 519-822-5904
Email: spruceridgeresources@gmail.com

Cautionary Statement

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Spruce Ridge Resources Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Spruce Ridge Resources Ltd. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

(To view the full-size image, please click here)

SOURCE: Spruce Ridge Resources Ltd.

ReleaseID: 537509

CRANBROOK, BC / ACCESSWIRE / April 30, 2019 / Eagle Plains Resources Ltd. (TSX-V: EPL) has received notice from Rockridge Resources (Frankfurt: RR0) (TSX-V: ROCK) that it has received results from drilling completed during its 12 hole, 1053 m inaugural winter drill program at its flagship Knife Lake Project located in Saskatchewan (the ‘Knife Lake Project’ or ‘Property’). Interpretation and QA/QC has been completed on the first two holes and additional results will be released as interpretation and QA/QC work is completed. Rockridge recently entered into an Option Agreement with Eagle Plains Resources Ltd. to acquire a 100% interest in the Property that covers the majority of the historical Knife Lake Cu-Zn-Ag-Co VMS deposit. The contiguous claims total approximately 85,196 hectares and are located approximately 50 km northwest of Sandy Bay, Saskatchewan.

See Knife Lake Regional Map

Analytical results ranged from trace values to broad, high grade intercepts, as summarized below. Drill holes KF19001 and KF19002 successfully confirmed mineralization in historical drill holes. Drill hole KF19001 intersected net-textured to fracture-controlled sulphide mineralization between 7.5m to 40.6m, returning 33.1m (core length) of 1.28% Cu, 0.12 g/t Au, 4.80 g/t Ag, 0.13% Zn, and 0.01% Co for an estimated 1.49% CuEq. Drill hole KF19002 intersected net-textured to semi-massive sulphide mineralization between 9.7m to 53.5m, returning 43.8m (core length) of 0.78% Cu, 0.07 g/t Au, 2.54 g/t Ag, 0.07% Zn, and 0.01% Co for an estimated 0.93% CuEq. Of note, anomalous gallium of up to 23.1 ppm and indium of up to 15.2 ppm were intersected in both the mineralized zones from holes KF19001 and KF19002. Highlighted intersections from the first two drill holes are reported in the table below.

Drill Results Table:

Hole

From

To

Core Length *

Cu

Au

Ag

Zn

Co

CuEq **

(m)

(m)

(m)

(%)

(g/t)

(g/t)

(%)

(%)

(%)

KF19001

7.50

40.60

33.10

1.28

0.12

4.80

0.13

0.01

1.49

Upper Int.

7.50

13.60

6.10

1.67

0.21

7.20

0.31

0.01

1.99

Includes

7.50

11.50

4.00

2.29

0.29

9.80

0.43

0.01

2.72

Middle Int.

19.50

24.10

4.60

1.70

0.14

5.90

0.15

0.01

1.94

Includes

21.50

23.50

2.00

2.06

0.23

8.20

0.26

0.02

2.46

Lower Int.

30.70

40.60

9.90

1.56

0.13

6.10

0.11

0.02

1.81

Includes

36.70

38.70

2.00

3.37

0.33

14.40

0.26

0.03

3.88

KF19002

9.70

53.50

43.80

0.78

0.07

2.54

0.07

0.01

0.93

Includes

24.30

42.00

17.70

1.27

0.11

3.71

0.07

0.02

1.47

Includes

25.40

30.50

5.10

2.03

0.10

5.04

0.11

0.02

2.28

Includes

29.50

30.50

1.00

5.97

0.21

15.4

0.28

0.04

6.49

* Drill indicated intercepts (core length) are reported as drilled widths and true thickness is undetermined

** Assumptions used in USD for the copper equivalent calculation were metal prices of $2.80/lb Cu, $18.00/lb Co, $1,300/oz Au, $17.00/oz Ag, $1.20/lb Zn and a processing cost of $11.55/tonne. Copper equivalent (CuEq) was calculated using the formula CuEq = Cu% + ((Zn%*Zn Price*Zn Recovery*Zn Payable*22.0462) + (Co%*Co Price *Co Recovery*Co Payable*22.0462) + (Augpt*Au Price*Au Recovery*Au Payable/31.1035) + (Ag *Ag Price*Ag Recovery*Ag Payable/31.1035)) / (Cu price*CuRecov*Cupayable*22.0462)

See Knife Lake Plan Map and Drill Collar Locations

Rockridge completed twelve holes consisting of 1,053m of diamond drilling in the 2019 winter drill program. This represents the first work on the property since 2001 and has two primary objectives: confirm the tenor of mineralization reported by previous operators and expand known zones of mineralization. All activities will advance the project toward the goal of completing a NI 43-101 compliant mineral resource estimate.

Compilation and initial modelling indicates potential for expansion of the historical deposit at depth. The current drilling has been focused on resource upgrade and expansion as well as infill drilling between historical holes. The program will also give valuable insights into the property geology, alteration, and mineralization that will be applied to future regional exploration on the highly prospective and underexplored land package.

Knife Lake contains typical VMS mineralogy which has been significantly modified and partially remobilized during the emplacement of granitic rocks. Therefore, the known historical deposit may represent a remobilized portion of a presumably larger ‘primary’ VMS deposit based on general observations about the mineralogy, mineral textures and metal ratios in the deposit. Most of the historical work consisted of shallow drilling at the deposit area with little regional work carried out and limited deeper drilling below the deposit. As a result, there is strong discovery potential both at depth and regionally.

Knife Lake Geology and History

The Knife Lake Project is interpreted to be a remobilized VMS deposit. The stratabound mineralized zone is approximately 15m thick and contains copper, silver, zinc and cobalt mineralization which dips 30° to 45° eastward over a strike-length of 4,500m, with an average horizontal width of approximately 300m. Over 400 diamond drill-holes have been completed in and around the current property boundaries, with much of the drill core stored under cover and in very good condition.

The deposit is hosted by felsic to intermediate volcanic and volcaniclastic rocks which have been metamorphosed to upper amphibolite facies. The deposit is typical of VMS mineralogy which has been significantly modified and partially remobilized during the emplacement of granitic rocks. The mineralization straddles the boundary between two rock units and occurs on both limbs of an overturned fold.

The Knife Lake area saw extensive exploration from the late 1960s to the 1990s with the last documented work program completed in 2001. Drilling has outlined a series of stratabound mineralized lenses which are controlled by complex geological structures. In the copper mineralized zone, significant thickening of the mineralization occurs near the central portion of the deposit. Sulphides and rare native copper are visible in outcrop. Massive sulphides consist of 25% to 60% pyrrhotite and 0.2% to 10% chalcopyrite mineralization. Pyrite is present as irregular disseminations and masses. Locally, up to 8% sphalerite (zinc mineralization) is present.

The first documented work in the Knife Lake showing area occurred between 1969-1973, consisting of ground and airborne geophysical surveys and extensive soil geochemical sampling. The discovery drill-hole, collared in September 1969, returned 2.37% Cu over 4.48 m from 19.96-24.44m, including 3.5% Cu over 2.5 m from 20.27-22.77m. A total of 96 diamond drill holes (8,232m) were completed between 1969 and 1971, and in 1973 Straus Exploration announced a maiden resource on the Knife Lake Deposit. Other previously reported historical drill results include 1.37% Cu, 5.07 g/t Ag, 115 ppm Co, 1182 ppm Zn over 60.13m (core length) beginning at a depth of 2.37m in hole K-96-02 as well as 0.99% Cu, 4.73 g/t Ag, 103 ppm Co over 38.83m (core length) beginning at a depth of 6.11m in hole K-96-36.

Hudson Bay Exploration and Development Company Ltd. later carried out a regional Airborne EM geophysical survey in the Knife Lake – Scimitar Lake area, followed up by geological mapping, prospecting, ground geophysics, and diamond drilling. The property was subsequently optioned to Copperquest Incorporated in 1989, who carried out further geophysical and geochemical surveys and optioned the property to Leader Mining International in 1996. Between 1996 and 2001, Leader flew various airborne geophysical surveys in the area, including electromagnetic (‘EM’), magnetic, and gravity surveys. This was followed up with stripping and trenching of the outcropping deposit area. Ground TEM, magnetic, ground IP/Resistivity and VLF-EM surveys were completed over and adjacent to the main deposit area.

Between 1996 and 1998, Leader completed 315 diamond drill holes, outlining a broad zone of mineralization occurring at less than 100 meters depth (AF 63M-0006, Report 10). Late in 1998, Leader published a historical estimate for the deposit, reporting a drill-indicated resource of 20.3 million tonnes grading 0.6% Cu, 0.1 g/t Au, 3.0 g/t Ag, 0.06% Co and 0.11% Zn. Within the historical estimate, there is a higher grade zone containing 11.0 million tonnes grading 0.75% Cu in addition to other metals (SMDI 0406). All disclosed historical estimates were completed prior to the passing of NI 43-101 into law and as such the Company advises that these mineral resource estimates, as disclosed, are not supported by a compliant National Instrument 43-101 technical report, contrary to NI 43-101. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves in accordance with NI 43-101. The above resource estimates are from the Saskatchewan Mineral Deposit Index (SMDI) 0406. The Company is not treating the historical estimates as current mineral resources or mineral reserves. These estimates do not comply to categories prescribed by National Instrument 43-101 or the Canadian Institute of Mining, and are disclosed only as indications of the presence of mineralization and are considered to be a guide for additional work. The historical models and data sets used to prepare these historical estimates are not available to Eagle Plains and the author is not aware of any more recent resource estimates or data. The 1998 historical resource was calculated using the cross-section method and used assay data from 241 Leader holes and from 6 other holes drilled prior to Leader’s drilling. A cutoff grade of 0.3% copper-equivalent and a minimum composite length of 3.0 meters was used. Holes were plotted on vertical drill sections ranging from Section 20760 N to Section 24905 N, covering a strike length of 4,145 meters. The categories used for the Leader Mining 1998 historical resource estimates are stated as being ‘drill-indicated’. This is not a resource category as defined under 43-101 CP Section 2.4 (1) and (2)6 but based on the methodologies and drill hole spacing it would likely be equivalent to an inferred resource category.

In 1997, Leader International shipped a 2.4 tonne bulk sample of mineralized material excavated from the surface outcrop of the Knife Lake deposit to Lakefield Research Limited for metallurgical test-work. Lakefield concluded that the copper metallurgy was straightforward. Following a simple flowsheet, greater than 90% copper recovery was achieved at a concentrate grade of 28% Cu. Gold recovery in the copper concentrate was 80%. The cobalt recovery in the copper cleaner concentrate was 13%, with 28% of the cobalt present in cleaner tailing products. Another 48% of the cobalt was present in the sulphide concentrate.

A 357kV powerline runs within 16 km of the Knife Lake Deposit area, greatly enhancing the project’s infrastructure.

QA/QC

Samples were sent for geochemical analysis with ALS Global, Vancouver for the following analyses: 48 element four acid ICP-MS (ME-MS61) and gold (Au) 30 g Fire Assay – AA finish (Au-AA23). Over limit analysis were completed using the following analyses: Ore Grade copper (Cu), nickel (Ni) and zinc (Zn) – four acid ICP-AES (ME-OG62).

On receipt of final certificates of analysis, the QA/QC sample results were reviewed to ensure the order of samples were reported correctly, that the blanks ran clean, and that the results for each standard had minimal variance from its certified value. QA/QC for the Knife Lake drilling included certified reference material (‘CRM’s’) and blanks that were inserted into each sample batch in order to verify the analytical from the lab. The CRM’s from the first two drill holes reported passed within 2 standard deviations and the blanks returned acceptable values. All of the lab internal standards and duplicates were within acceptable values.

Complete analytical results are available on the Rockridge Resources website.

Drill Collar Summary Table

Hole ID

Easting

Northing

Elevation

Azimuth

Dip

Depth

(m)

(m)

(m)

(m)

KF19001

641595.5

6194192.6

387

283

-90

90

KF19002

641622.7

6194154.3

389

283

-65

90

Qualified Person

The drill program was carried out by Michelle McKeough, of TerraLogic Exploration Services Ltd. under the supervision of Charles C. Downie, P.Geo., a ‘qualified person’ for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and a Director of Eagle Plains Resources Ltd., who has prepared, reviewed, and approved the scientific and technical disclosure in this news release.

Knife Lake Agreement

To earn a 100% interest in the Knife Lake Project, Rockridge has agreed to make a cash payment to Eagle Plains of $150,000 upon regulatory approval (complete), issue up to 5,250,000 common shares of Rockridge (2M shares issued to date) and complete $3,250,000 in exploration expenditures over four years. Eagle Plains will retain a 2% net smelter royalty (‘NSR’) on certain claims which comprise the project area. Under the terms of the agreement Rockridge is designated as the Operator of the project.

About Eagle Plains Resources Ltd.

Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Managements’ current focus is to preserve its treasury while advancing its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Since 2012, Eagle Plains has added to its portfolio a number of new projects exceeding 130,000 ha targeting mainly gold, uranium and base-metals in Saskatchewan, a highly-prospective mining jurisdiction which was recently recognized by the Fraser Institute as the second best place in the world in terms of Investment Attractiveness. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

Expenditures from 2011-2018 on Eagle Plains-related projects exceed $20M, most of which was funded by third-party partners. This exploration work resulted in approximately 30,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development

On behalf of the Board of Directors

‘Tim J. Termuende’
President and CEO

For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at https://www.eagleplains.com

Cautionary Note Regarding Forward-Looking Statements

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 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.

SOURCE: Eagle Plains Resources Ltd.

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DALLAS, TX / ACCESSWIRE / June 28, 2019 / The tech industry is one of the fastest growing sectors in the US with nearly 700k open jobs across the nation today. With the growing need for new talent to support this expanding market that has new businesses being established regularly, there are more than just major cities who have long dominated the market tapping into it. A new report by online financial resource, SmartAsset, highlights where those top locations are in the United States for tech jobs in 2019.

In their list of The Best American Cities to Work in Tech in 2019, the report highlights ten of the best places for tech professionals today using data based around several key employment and income factors. Information from the Bureau of Labor Statistics, the Census Bureau’s American Community Survey and the Council for Community and Economic Research was used to evaluate over 150 cities and uncover where tech professionals can be most successful. The report looked at each cities’ average salary, average cost of living compared to the national rate, ratio of workforce in tech vs other industries, unemployment rates of college-educated residents and finally the rate of tech pay in the city vs overall.

Using these indicators, the top 10 list highlighted three cities located in Texas; Template, San Antonio and Dallas. “The state’s metroplexes of Dallas and San Antonio have been building out and planning their key role in the country’s tech space with a focus on harboring new technology and spawning and acquiring the world’s leading brands.” shares Texas-based entrepreneur and property developer Marcus Hiles. With recognition granted to both cities for their growing position in the tech market, Dallas has become one of the leading locations where not only new businesses are being formed but also the city where companies from other areas are relocating to. For San Antonio, the city has focused in on big opportunities in the sub-industries of the technology space. Cyber security is one of the fastest growing markets in tech and by working to support and build out the infrastructure and workforce behind the market, the city has become one of today’s national leaders. Leveraging strategic investments to both educate and train the next generation of cyber security professionals San Antonio is ultimately helping to drive more interest from businesses and the employees that work at them.

“This understanding and reliance on tech for a means of creating a more stable state economy and attractive offering for investors, entrepreneurs and businesses has been demonstrated by these top Texas locations.” adds Marcus Hiles.

Texas also has many other allures driving both businesses and employees in, which the SmartAsset report reflects. Having a nationally low cost of living has created incentive for many professionals to come to the state in seek of employment opportunities.

This ability to specialize in a global industry as strong as the technology sector has enabled both the cities mentioned in the report and the overall state to achieve a growth trajectory that will only continue to expand as tech becomes more predominant in our country’s economic strategy.

To learn more about business and development news visit marcushiles-news.com.

YouTube: https://www.youtube.com/channel/UCwrLIhyaB0p_0F1gWg4R7cA/videos

Houzz: https://www.houzz.com/pro/marcushiles/marcus-hiles

Instagram: https://www.instagram.com/marcus.hiles/

MEDIA CONTACT:

Marcus Hiles
media@marcushiles.net

SOURCE: Marcus Hiles

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VANCOUVER, BC / ACCESSWIRE / June 28, 2019 / AZARGA URANIUM CORP.’S (TSX: AZZ, OTCQB: AZZUF, FRA: P8AA) (“Azarga Uranium” or the “Company”) announces that all resolutions put forward at the Annual General and Special Meeting (the “Meeting”) of the Company’s shareholders (the “Shareholders”) held 28 June 2019, as further described in the Company’s information circular dated 15 May 2019, were approved, including the following:

Election of Directors: the nominees listed in the management proxy circular dated 15 May 2019 for the Meeting of the Company held on 28 June 2019: Glenn Catchpole, Matthew O’Kane, Sandra MacKay, Joseph Havlin, Todd Hilditch and Delos Cy Jamison were all elected as Directors until the next annual general meeting of the Shareholders. Detailed results of the vote for the election of Directors held at the Meeting are set out below:

Appointment of BDO Canada LLP as auditors of the Company for the fiscal period ending December 31, 2019 and the Director’s right to fix the remuneration to be paid to BDO Canada LLP.

Issuance of 900,000 Shares as a bonus payment of which 800,000 are to two insiders of the Company (which was approved by the majority of disinterested shareholders).

For further information, please see the Company’s Report of Voting Results, which will be filed on SEDAR at www.sedar.com.

About Azarga Uranium Corp.

Azarga Uranium is an integrated uranium exploration and development company that controls eleven uranium projects and prospects in the United States of America (“USA”) (South Dakota, Wyoming, Utah and Colorado) and the Kyrgyz Republic, with a primary focus of developing in-situ recovery uranium projects in the USA. The Dewey Burdock in-situ recovery uranium project in South Dakota (the “Dewey Burdock Project”), which is the Company’s initial development priority, has received its Nuclear Regulatory Commission License and draft Class III and Class V Underground Injection Control (“UIC”) permits from the Environmental Protection Agency (“EPA”) and the Company is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock Project, including the final Class III and Class V UIC permits from the EPA.

For more information please visit www.azargauranium.com.

Follow us on Twitter at @AzargaUranium.
For further information, please contact:

Blake Steele, President and CEO
+1 303 790-7528

E-mail: info@azargauranium.com

Disclaimer for Forward-Looking Information

Certain information and statements in this news release may be considered forward-looking information or forward-looking statements for purposes of applicable securities laws (collectively, “forward-looking statements”), which reflect the expectations of management regarding its disclosure and amendments thereto. Forward-looking statements consist of information or statements that are not purely historical, including any information or statements regarding beliefs, plans, expectations or intentions regarding the future. Such information or statements may include, but are not limited to, statements with respect to Azarga Uranium’s continued efforts to obtain all major regulatory permit approvals necessary for the construction of the Dewey Burdock Project, including the final Class III and Class V UIC permits from the EPA. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Azarga Uranium will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including without limitation: the risk that Azarga Uranium does not obtain all major regulatory permit approvals necessary for construction of the Dewey Burdock Project, including the final Class III and Class V UIC permits from the EPA, the risk that such statements may prove to be inaccurate and other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and, except as required by applicable securities laws, Azarga Uranium assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the most recent AIF filed with Canadian security regulators.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

SOURCE: Azarga Uranium Corp.

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CORAL SPRINGS, FL / ACCESSWIRE / April 22, 2019 / Mogo Finance Technology Inc. (NASDAQ: MOGO) recently caught our attention after announcing merger news. In the release, the company said that it signed a definitive agreement to merge with Difference Capital. While the news sent the stock climbing, I believe that there is plenty more value to tap into here. Today, we’ll talk about:
What MOGO is; why I believe that the stock is highly undervalued; what analysts are saying about the stock; and The potential opportunity that the stock represents. What Is MOGO
Mogo Finance Technology is a company that operates in the Canadian fintech space. Ultimately, the company’s product is a mix of what we see from Credit Karma (PRIVATE: KARMA), Square (SQ), Coinbase and LifeLock (acquired by Symantec SYMC).
The company’s app, known simply as Mogo, gives users in Canada access to free credit scores, a spend card that allows them to track their purchases, and access to the cryptocurrency market without the convolution generally involved in the cryptocurrency space.
Moreover, the company also offers hassle free lending, identity theft protection, budgeting tips, and more. Ultimately, MOGO designed its app to be a one-stop shop for all of the basics in personal finance, and it has done an incredible job in doing so.
Why The Stock Is Highly Undervalued
As mentioned above, it’s my belief that MOGO stock is significantly undervalued. Ultimately, there are several reasons that I believe this both from a flat valuation perspective and from a fundamental perspective. Here’s how I see it…
Mogo’s Valuation Makes No Sense
As investors, we often trust that the market has a way of assigning proper valuations. However, the truth of the matter is that there are several undervalued gems out there, and I believe that Mogo Finance Technology is one of them.
One of the big reasons for this is that when you compare the company’s valuation to its closest competitors, we see a bit of a trend. Take a look at the chart below:

In the chart above, you can see that the market is currently only valuing Mogo at a rate of about $75 per member. However, similar companies, Chime, a United States Challenger recently raised $200 million at a valuation of $1.5 billion. This places a value per member on the company in the amount of $500. N26, a challenger from Europe recently raised $300 million at a $2.7 billion valuation, leading to a value of $1,174 per member. Finally, Monzo, a UK competitor, recently raised funds at a $1.3 billion valuation, working out to a value per member of $1,623.
Looking at this data, it’s easy to see that with more than 800,000 members at a value of only $75 per member, MOGO is highly undervalued. However, this is just the beginning.
Valuation From A Fundamental Perspective
Interestingly, Canada is lagging the world when it comes to fintech. In fact, only 18% of Canadians have used two fintech products in the past 6 months. The global average is about double that. A big part of the reason for this is the lack of options in the Canadian fintech space. Ultimately, this means that Mogo Finance Technology has few competitors to contend with.
Moreover, there is a growing population of millennials that are demanding digital financial solutions. With a banking sector that’s ripe for disruption and no other option on the market offering a consolidated digital financial management experience, MOGO is well positioned to take the market by storm.
The opportunity here is hard to ignore. Sure, Canada’s market is about 10% the size of that in the United States for this type of product. However, when you look at the fact that the United States has more than 4,000 fintech companies and Canada has about 160, you can see that the potential for MOGO to take a lion’s share of the multi trillion-dollar market in Canada is real. The top 5 banks in Canada have had an oligopoly for the past 100 years and as a result they have the highest fees in the western world (a basic chequing account averages $15/month in Canada), creating a significant opportunity for Mogo’s freemium model and product offering.
For those who think Canada’s market is too small, Canadian banks will make $100 billion in pre-tax profit this year (that’s profit, not revenue) and the market has already seen one successful new entrant sell for a multi-billion valuation – ING Direct started in Canada and grew to 1.8 million customers before it was sold to Scotiabank for CAD$3.1 billion.
Ultimately, from a fundamental standpoint, the company is the ONLY one in its market that offers a comprehensive option to millennials that are demanding digital control over their finances. With growing use of fintech products in the region, an offering that’s unmatched, and little competition to contend with, MOGO is well-positioned to see rapid expansion throughout the Canadian market.
What Analysts Are Saying About MOGO
The truth of the matter is that I’m not the only one that sees incredible value in Mogo. So far, six analysts from the United States and Canada have weighed in on the stock. All of these analysts have set price targets that represent potential growth in multiples ahead. However, the report that I found to be most important for MOGO came from Craig-Hallum Capital Group LLC.
Before we get into what the firm said about the company, it’s important that you understand just who Craig-Hallum Capital is. Their fintech analyst is one of the most well-respected analysts on Wall Street today. Moreover, Craig-Hallum is known for strong calls in the fintech space. The analysts at the firm have issued compelling reports on Green Dot, Bottomline Technologies (EPAY), and PayPal (PYPL).
With that said, Craig-Hallum has an incredibly bullish opinion when it comes to MOGO. In fact, the firm currently rates the stock as a Buy with a 12 month price target of US$7 per share and its initiating coverage report dated September 2018 articulated how Mogo could reach US$19 per share. Considering the current price per share of under $3, this price target represents the potential for well over 100% in gains. Here are a few key points from the Craig-Hallum research report on MOGO:
Revenue Growth – First and foremost, the analysts involved in the report pointed to the company’s platform revenue growth rate, which currently sits at around 60%. This segment accounts for approximately half of the company’s revenue. The rest of the revenue comes from the Mogo Loan department and interest revenue.Freemium – At the moment, banks in Canada charge between $4 and $30 per month for basic checking account services. Craig-Hallum believes that the freemium model that gives consumers access to many of these services without cost will lead to a disruption in the Canadian banking space.Potential Growth – Finally, Craig-Hallum sees MOGO revenue having the potential to grow to CA$900 million (US$672.75 million) by the year 2021, which could result in the stock trading at more than $18 per share by the end of the same year. This Opportunity Is Hard To Ignore
The bottom line here is simple. Canadian fintech companies have offered consumers little by way of money management platforms, while millennials in the region are hungry for solutions. Not only does MOGO offer a great solution, but the company’s platform is second to none with regard to features offered to consumers.
At the same time, the company is highly undervalued when compared to its peers in the space. With other companies in the space having valuations that are far higher while displaying similar metrics with regard to users, similar or even less revenue, and meager revenue growth, MOGO seems to be a top-pick in the Canadian fintech space, and I believe it has incredible potential to generate strong profits for investors!
This article was originally published with all relevant disclosures on CNA Finance.
SOURCE: CNA Finance

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CORAL SPRINGS, FL / ACCESSWIRE / March 6, 2019 / Early this year, we took a deep dive into Attis Industries (NASDAQ: ATIS), and even then, the company seemed to be impressive. With the ability to refine biomass into several high-value products in a way that’s more efficient than anything on the market, the company was hard to ignore.

Now, just over a month later, the company’s story is an entirely different one. Over the past month or so, the company has released three news items that show that it is not just idling by, hoping for organic success. The company is reaching out and grabbing what they want.

In the past month or so, ATIS announced a collaboration with Novozymes, the planned acquisition of a Sunoco ethanol plant, and a partnership with Iowa State University having to do with carbon fiber.

Today, we’ll tie all of this in together. At the end, you will likely be surprised that the stock is trading with a market cap of around $12 million, a clear undervaluation. Let’s take a look!

ATIS Announces Novozymes Partnership

On January 16, 2019, Attis Industries announced that it has entered into a collaboration with Novozymes. In the release, the company said that Novozymes has committed to supplying the enzymes that are required to convert pulp into sugar at all of its biorefineries.

ATIS also said that it successfully converted the pulp extracted from its biomass processing into high yields of sugar using Novozymes’ proprietary enzyme cocktails. So, why does this all matter? Well, there are a few factors to consider:

Novozymes Is Massive – First and foremost, Novozymes is a massive player in the industry, with the ability to scale as fast as ATIS can lead them. This is important considering the aggressive approach that the company is taking with regard to building small, yet highly productive biorefineries in rural areas around the United States.

Surety – The Novozymes partnership doesn’t just bring scalability and a high-level partner to the table, it brings quality assurance. Novozymes is a leader, not only in the production of the enzymes needed by Attis, but also in data surrounding these enzymes. This means that the company is able to say that if it uses a specific amount of a specific enzyme or cocktail of enzymes, it can expect to see that specific amount of production.

The Final Piece Of The Foundation Laid – At the end of the day, ATIS has some very ambitious goals. To reach the goal of deploying a large number of biorefineries across the United States, the company will need to be able to access the enzymes required to support production. This agreement locks the final piece of the foundation in place, giving the company the opportunity to grow from here.

Sunoco Ethanol Plant Acquisition

Shortly after announcing the Novozymes Partnership on January 22, 2019, ATIS announced that it has entered into an agreement to acquire an ethanol plant.

The agreement was signed with Sunoco LP, surrounding its corn ethanol plant and grain malting operation in Fulton, NY. The company said that it plans to develop the site into the most comprehensive Green Tech campus for renewable fuels in the country.

Under the terms of the agreement, Attis will pay $20 million in cash to fund the acquisition of the facility. Of course, the transaction is subject to regulatory clearances and customary closing conditions, but we expect that the transaction will come to a close relatively soon.

An important aspect of the acquisition is a 10-year offtake agreement that will commence upon the closing of the transaction. Under the agreement, Sunoco has agreed to purchase the ethanol produced, creating financial stability for the plant over the next decade.

What makes this a big deal? Several things…

Production

The ethanol plant spans more than 90 acres and has a very high production rate. In fact historically, 61 million gallons of ethanol are produced annually at the facility. That’s 5,540 truckloads of ethanol per year.

The facility is also a heavy producer of other materials. It produces 350 million pounds of CO2 per year, 400 million pounds of dry distiller grains and 1.5 million gallons of corn oil.

The Value

The truth of the matter is that ATIS got a steal of a deal here. As mentioned above, the facility is being purchased at a price of $20 million. Here’s the breakdown of production value:

Ethanol – The facility generates 61 million gallons of ethanol per year. At an average price of $1.39 per gallon in the United States and $1.26 per gallon in China, the value of the ethanol production alone comes to between $76.86 million and $84.79 million annually.

C02 – Historically, CO2 has traded in the range between $9 and $26 per tonne. That brings the CO2 value to between $1.575 million and $4.55 million.

Corn Oil – The price that ATIS can get for corn oil sits at around $0.23 per gallon. Considering current production levels, the value of this production is approximately $345,000 per year.

Grain – Finally, the average going price for the grain product produced at the facility is about $0.08 per pound. Considering the 400 million pounds produced per year, the total value of this production comes to about $32 million.

Total – All told, the Sunoco facility produces products with an approximate value in the range between $110.78 million and $121.685 million. Keep in mind, this is a company with a market cap of $12 million that will likely be generating revenue of well over $100 million annually relatively soon.

Iowa State University Partnership

Finally, we have a recently announced partnership between ATIS and Iowa State University. Iowa State University is the authority on the manufacturing of carbon fiber from biobased materials. Carbon fiber is a highly expensive product, largely due to the cost of the necessary materials to make it. So, where does Attis Industries come in?

One of the products produced in the company’s biorefining process is known as lignin, which can be turned into carbon fiber. Iowa State has tested several options; however, when making carbon fiber, they have needed to mix multiple materials together throughout the process.

This is where Attis Innovations’ lignin comes in. This lignin has been used by Iowa State University to produce carbon fiber. No other materials were needed in the process, simply lignin and processing resulted in high-quality carbon fiber.

This is a massive breakthrough for a few reasons:

Reduction Of Price – As mentioned above, carbon fiber is very expensive because the materials used to produce it are expensive. However, ATIS is capable of producing lignin at such a low price that it is able to sell the product for just a fraction of the cost of materials needed to create the material.

Iowa State Is A Leader – Iowa State isn’t just considered to be a leader in carbon fiber development from biobased materials, the university is considered to be THE leader in the space. The fact that Iowa State sees so much value in the company’s lignin is a source of validation for the company’s work and the value of its product.

Global Implications – Because of the high expense associated with carbon fiber, it isn’t currently used in many applications that it could be. Due to the potential reduction in cost that Attis’ lignin provides and the validation that Iowa State provides, we could start to see carbon fiber being used in a mass market way in automobiles, off-road vehicles, and more. More importantly, ATIS would be at the center of this evolution.

The Takeaway

The takeaway here is a simple one. With the recent developments announced by ATIS, the company has largely changed the game. With Novozymes, the company has locked the foundation for growth in place. With the Sunoco facility acquisition, the company is opening the door to more than $100 million in annual revenue. Finally, with the Iowa State partnership, the company is cementing itself as a leader in the carbon fiber market. All in all, it’s hard to imagine that this stock isn’t undervalued considering all of this recent news and the value that it provides to investors!

This article was originally featured with all relevant disclosures on CNA Finance.

Contact: CNAFinanceHelp@gmail.com

SOURCE: CNA Finance, LLC

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CORAL SPRINGS, FL / ACCESSWIRE / March 5, 2019 / As investors, from time to time, we see a ticker that has risen dramatically over the years and think, “I wish I would have found that one a while back.” These companies come up with blockbuster products, often turning thousandaires into millionaires. SANUWAVE (OTCQB: SNWV) has the potential to be one of these companies.

Trading with a market cap of just under $30 million, SNWV is on the cusp of owning the next blockbuster in the diabetes care market. Focused on the treatment of diabetic foot ulcers, also known as DFUs, the company is embarking on an industry with incredible market potential.

Moreover, management is no stranger to innovations in the wound healing industry. In fact, the CEO and Chairman of the Board at SANUWAVE , Kevin Richardson has been down this path in the past, previously as part of a team creating a blockbuster product that led to an $11.5 billion take-private transaction.

What Is SNWV

SANUWAVE is a biotechnology company that is emerging as a leader in the treatment of diabetic foot ulcers. Through the use of high-energy, focused shock wave technology, the company helps to restore the body’s normal healing processes.

The company’s big claim to fame is its proprietary, patented Pulsed Acoustic Cellular Expression (PACE®) technology. This technology emits high-energy, acoustic shock waves that restore the body’s normal healing process.

Essentially, the technology activates biologic signaling. This leads to tissue repair and regeneration as well as blood vessel growth, revascularization, and microcirculatory enhancement.

Currently, the company has two devices that utilize its PACE technology. These devices include:

dermaPACE® – dermaPace®, the company’s flagship device, is cleared by the FDA for use in the US for the treatment of DFUs, is a CE Marked device for use in Europe for a number of indications and globally has been expanding its presence as well.
orthoPace® – Is another CE Marked device that takes advantage of the company’s proprietary PACE technology. The device has been approved for orthopedic and musculoskeletal indications in Europe.

Moreover, the company’s technology reaches beyond the medical field. In fact, its shock wave technology is currently patented to be used in energy, water, food, and industrial effluent markets. These markets are targets for the company’s efforts toward licensing and potential partnership relationships.

A Path Well Known by Kevin Richardson

Kevin A. Richardson II is the CEO at SNWV, and to be quite honest, he’s the perfect leader for the job. Mr. Richardson previously held a position as partner at Blum Capital, the private owner of Kinetic Concepts “KCI” at the time.

Kinetic Concepts had launched a product that was branded as “The Vac.” This product was centered on Negative Pressure Wound Therapy (NPWT). Once approved, KCI quickly grew its position in the wound care market, building a book of more than $1 billion in revenue before being taken private for approximately $11.5 billion.

Today, Mr. Richardson leads the groundbreaking efforts at SANUWAVE, a company whose core product is focused on an area that he knows very well, thanks to his influential position through the growth of The Vac.

The Market Potential Is Hard To Ignore

Any time we look at an investment, we like to take a look at the market and the potential value that the company could get its hands on. In the case of SNWV, the market potential is difficult to ignore.

First and foremost, let’s chat about the current standard of care. The standard DFU care is for patients to go to the doctor to have the wound cleaned and re-bandaged. Unfortunately, this simply doesn’t work most of the time as it doesn’t address the issues that are causing the DFUs to persist.

SANUWAVE’s technology provides a solution by triggering the body’s natural healing process. In doing so, the DFU is actually treated and starts to undergo a healing process. This helps to improve the quality of life for the patient and greatly extends the lifespan of patients.

The truth of the matter is that many DFUs end in amputation, a devastating and significantly impactful outcome. Unfortunately, diabetic patients also see a high morbidity rate in the few years immediately following amputation. In fact, 65% of DFU patients will pass away within 5 years of amputation.

With that said, there’s a clear market need for the dermaPACE® product that SNWV is offering. The question now is how big is that market? With 1.9 million new cases in the United States alone each year, it’s a massive one. Currently, it is estimated that by the year 2024, the diabetic foot ulcer and pressure ulcer market will reach a value of $4.9 billion.

Considering the sheer size of the market, and the limited treatment options that are available in the space, SNWV has the potential to acquire a large chunk and quite possibly dominate the wound healing market.

Recent Updates

Recently, SANUWAVE sent a letter out to its stakeholders (Click here to download a PDF copy of the letter). Reading the letter made it clear that SANUWAVE is well on its way to becoming a key player in the DFU treatment market.

In the letter, SNWV pointed to various milestones that it had achieved in the past year. Most importantly, the company:

Achieved record-breaking revenue;
Hired Shri Parikh as the President of its Healthcare Unit;
Published the reimbursement tracking code for the company’s procedure;
Had trial results from a 336 patient trial published in the Journal of Wound Care;
Signed a partnership with Premier Shockwave and began shipping dermaPACE® Systems to the partner;
Closed a deal with NFS to help finance the rollout of equipment, setting the stage for rapid expansion in 2019; and
Added 15 new countries through partnerships, far exceeding the goal of 4 country additions.

Considering the strong success experienced in 2018, SNWV has set the stage for impressive growth this year with the announcement of aggressive goals. These goals include:

Placements of dermaPACE® Systems. The company is shooting for the placement of 100 devices throughout the year. This starts with 15 by the end of Q1, 35 by Q2, 65 by Q3 and of course, 100 device placements by the end of Q4.
The company also plans to certify between four and five professionals per placed system.
The company will be working aggressively to obtain insurance reimbursement coverage. In fact, SANUWAVE said that it would be targeting six states in the beginning, with the goal of reaching 10 million covered lives by the end of Q4.
The company intends to continue its clinical work. At the moment, there are four clinical initiatives around the world. The company expects that it will launch between two and three studies in the United States to support the product rollout.
Finally, the company will continue working internationally to expand the reach of its treatment. SNWV said that it expects another record shipment year, doubling shipments reported in 2018.

The Key Takeaway for Investors

The key takeaway here is a simple one. When we talk about SANUWAVE, we’re talking about a company that has a product, dermaPACE® that has already been cleared by the FDA. Moreover, it is a product that there is a real need for in the diabetes care market. With DFUs often leading to amputations and a high morbidity rate thereafter, the diabetes care market is in need of a solution, and dermaPACE® has the potential to fill that void well.

With their sights set on a market with incredible potential, a product that fills a void, and a management team that, for lack of better words, has been there and done that, it’s hard to argue the potential for growth out of SNWV!

This article was originally featured with all relevant disclosures at CNA Finance!

Contact: CNAFinanceHelp@gmail.com

SOURCE: CNA Finance, LLC

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CORAL SPRINGS, FL / ACCESSWIRE / February 28, 2019 / CBD is a hot topic in the investing community, and for good reason. The 2018 Farm Bill opened the door to the emergence of an entire industry surrounding hemp and CBD. As the industry emerges, few companies have the foundation in place and the ability to take advantage of the rush of demand for hemp and CBD-related products. We believe that Veritas Farms Inc (OTCQB: VFRM) is one of these companies.

What Is VFRM?

Veritas Farms is a United States-based company that has a strong foundation laid in the CBD space. The company owns and operates a more than 140-acre facility, where it grows the plants, extracts the CBD, manufactures the products, and ships them to a growing network of both retailers and eTailers.

The Company Enjoys Several Competitive Advantages

In the CBD space, there are quite a bit of investment options to choose from. However, there are few companies in the space that enjoy as many competitive advantages as VFRM. In our view, the most important of these include.

Location

Think of a few stocks that come to mind when you think CBD. Are you thinking of Cronos (CRON), Tilray (TLRY), Canopy Growth (CGC), or Aurora Cannabis (ACB)? If you are, you’re thinking about Canadian companies.

While the 2018 Farm Bill provided an open door for the hemp and CBD market to emerge, there’s still a matter of importation. CBD, a derivative of hemp, now enjoys a reduced schedule as a controlled substance. However, as a controlled substance, it will still be regulated to some degree, much like nicotine.

So, in the case of every one of the Canadian companies mentioned above, the navigation of legalities surrounding the import and export of controlled substances may pose a challenge. For VFRM, being located in Pueblo, Colorado, offers an open door to national distribution without import headaches.

Experience

Founded in 2011, Veritas Farms is no stranger to the CBD market. The company strategically found its home in the state of Colorado. A state that is considered to have the most progressive regulations surrounding hemp, cannabis and derivatives of the same.

Over the past 8 years, the company has worked to perfect its products, process, and efficiencies. This has given the company the time to iron out the kinks before the emergence of the national CBD industry.

As a result, VFRM has the foundation set for explosive growth ahead as this emerging market continues to evolve. While other companies are still figuring out how to cultivate hemp, this one already has more than 20 skews and product not only in production, but on the market.

The Full Spectrum

In the space, there are United States-based companies like New Age Beverages (NBEV) and or Naked Brands Group (NAKD) that have CBD products on the market as well. However, they are at a disadvantage to VFRM. That’s because they don’t operate in the full spectrum.

As mentioned above, Veritas Farms operates a 140 acre production facility. In the facility, it produces its own clones, cultivates its own hemp, processes said hemp, manufactures the products, and ships them out!

There is absolutely no middle man in the equation here. So, while NBEV and NAKD may be at the mercy of the availability, quality, and changing cost of the CBD oils within their products, VFRM has full control from seed to sale.

A Splash In The Making

Finally, VFRM is enjoying validation from all over. The company has been featured on several mainstream publications including Forbes, Men’s Health, and Consumer Reports.

The Market Potential Is Incredible

There’s a good reason that there’s so much investor buzz surrounding the CBD market. While, due to the fact that there is no historical data in this emerging space, any estimate is speculation, there is a clear demand for these products.

Estimates based on sales in states and countries where CBD has been legal for a few years give us some staggering numbers to think about. Estimates of the CBD market range wildly from being worth around $2 billion by 2022 to being worth more than $20 billion by 2022. In fact, according to Rolling Stone magazine, the CBD market is expected to reach a value of $22 billion by the year 2022.

While suggesting that one company would take 100% of the market share in any industry would be ludacris, even a small percentage of a market this size would be meaningful for a company with a market cap of under $40 million like VFRM. With the infrastructure in place, strong media presence, control from seed to sale and perfect location, the company is clearly poised to take its fair share of the market.

The Takeaway

The takeaway here is a very simple one. The CBD market is here and it’s here to stay. Moreover, it’s expected to grow to be a massive one seemingly overnight.

There are few companies in the industry that already have the scale and supply to meet the growing demand of this quickly emerging industry. Due to the hard work put in over the past several years, Veritas Farms is in a unique position to capture a decent chunk of this market.

The key here is locked in three simple statements:

Veritas controls their products from seed to sale, giving them unmatched control over the supply and quality of its CBD-infused products.

VFRM has laid a foundation that uniquely positions it to take advantage of the quickly-emerging CBD industry.

Finally, located in the United States and with an impressive list of products, the company is leaps and bounds ahead of much of its competition, both domestic and abroad.

All in all, if you’re not already paying attention to VFRM, now is the time to start!

This article was originally featured with all relevant disclosures on CNA Finance.

Contact: CNAFinanceHelp@gmail.com

SOURCE: CNA Finance, LLC

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CORAL SPRINGS, FL / ACCESSWIRE / February 27, 2019 / The cannabis industry is emerging, and doing so with a bang. With investor interest that can only be compared to the cryptocurrency boom, millionaires are starting to be made in the space. Filling an important void in that space is Nugl (OTC PINK: NUGL).

NUGL Is Bringing Structure To A Fragmented Market

The legal cannabis market is a highly fragmented one, and with it being young, there’s a need for solutions to consolidate the market and make products easier for consumers to find. That’s the first step in what Nugl is doing.

Through their website, www.Nugl.com, the company is providing the ultimate cannabis search engine. One that’s free for all users. Nugl’s search is far and above what we see from websites like Leafly or WeedMaps. Through these sites, consumers can find dispensaries, but what about brands?

If users want to find a specific strain of cannabis or brand of vape pen, they have to take the time to call around to local dispensaries in the area to see if they have it. NUGL provides a solution to this problem.

With an in-depth, highly intuitive search engine, cannabis consumers now have the ability to find their favorite brands, products, and more! As mentioned above, that’s just the beginning of the product offering.

An Advertising Opportunity Like No Other

Beyond the consumer-based search, this intuitive search option also provides cannabis-related businesses with advertising options that are unmatched on other platforms.

Through NUGL, dispensaries, service providers, and other businesses within the cannabis space have the ability to create a social profile of sorts. The profile not only lets them advertise their hours and menus, but allows businesses to send out public messages to their audience.

This is very important. After all, while the cannabis industry is emerging in a LEGAL way, the topic is still a somewhat taboo one. Considering this, and with social networks like Facebook, Twitter, and others being under fire as of late, they quickly block any form of advertising surrounding cannabis.

Looking for an opportunity to place ads across the web, Nugl created an ad server. Today, the company is able to place and sell ads across a wide network of websites. This ultimately gives the cannabis industry an option that has eluded it throughout its emergence.

The Nugl Of The Future

The next step for the Nugl team is to create a 420 friendly social community. In fact, if you go to the company’s website, you can already see that this social community is starting to take shape.

In a message box on the home page, the company says that consumers will soon be able to “chat with other cannabis enthusiasts and businesses with direct messaging,” and businesses will be able to “communicate with [their] community via direct messaging and public comments.”

That is a powerful step for the company. After all, cannabis posts on popular social networks have been shunned, leaving cannabis enthusiasts largely in the dark ages when it comes to social connection. Ultimately, the social aspect of NUGL is likely to fill that void.

It’s also worth mentioning that the company’s innovation in the space isn’t likely to stop. Digging through the company’s most recent news, it’s easy to see that Nugl is very active in communication with its investors and the emergence of the cannabis industry.

The Market Opportunity Is Tremendous!

Because the cannabis market is an emerging and constantly evolving one, it’s impossible to accurately predict what the value of the industry will be ahead. However, there are signs that strong predictions are being met by even stronger results.

Recently, Canopy Growth Corporation, a company riding on the wave of cannabis legalization in Canada, reported a 283% rise in quarterly revenue. Not only did the company see a strong rise in revenue, it far outpaced analyst expectations, coming in 36% ahead of analyst expectations and showing that the demand for cannabis is likely stronger than expected. Here’s why this bodes well for NUGL…

There are many factors that play a role in analyst predictions. One of the key factors is market value predictions. Considering this, on a global scale, the legal cannabis market is estimated to be worth as much as $146.4 billion by the year 2025.

Considering that revenue among some of the larger cannabis producers is coming in ahead of expectations by a wide margin, it wouldn’t be outlandish to suggest that the market value of the legal cannabis sector could prove to be higher than expectations as well.

While the market is emerging quickly and expected to continue to grow at a rapid rate, there are multiple corners of the market that remain untapped. The companies that tap into these untapped corners will likely ride the wave of the cannabis market to strong growth.

NUGL is one of these companies. Seeing the success of dispensary search engines, even with their limitations and various limitations in advertising and social communication for the industry as a whole, the company is providing solutions that consumers and businesses in a technology driven world will be looking for.

While it would be foolish to say that the company will take the lion’s share of the cannabis industry, only a small percentage of this industry is necessary to make a meaningful difference for investors, and it would be just as foolish to think that Nugl doesn’t have the ability to capture that necessary small percentage of the market.

Regulatory Changes And High Investment Interest Offers Further Opportunity Ahead

Lately, we’ve seen a wave of regulatory changes surrounding the legal use of cannabis. Late last year, Canada legalized adult-use cannabis for recreational purposes. More recently, the Farm Bill was passed in the United States, opening the door to the farming of hemp and sale of products like CBD oils and infused beverages.

At the same time, massive companies like Altria and Constellation Brands, are making billion dollar bets on the cannabis space. These companies, best known for cigarettes and beer, know how to navigate highly regulated markets and have teams of expert lobbyists to ensure that legal reform moves in their favor.

Considering the shift that is already taking place, and the billion dollar investments made by Altria and Constellation brands in the space, there is speculation that the United States may be the next to fully legalize the sale of adult-use cannabis, a move that would only expand the opportunity for NUGL and others in the cannabis space.

The Bottom Line

The bottom line here is that we are currently on the leading edge of an emerging market with potential that’s hard to ignore. Now is the time to find the diamonds in the cannabis space, and NUGL just might be one of them. By creating services that are tailor-made to bring solutions to both consumers and businesses in the cannabis sector, Nugl is creating an investment opportunity that is worth your attention!

This article was originally published with all relevant disclosures at CNA Finance.

cnafinancehelp@gmail. com

SOURCE: CNA Finance

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