Category Archives: Market News

Critical Elements Corp (CRECF: OTCQX International) | Wide Spodumene Intercepts at Lemare Lithium Project

MONTREAL, QUEBEC–(Marketwired – Aug 17, 2017) –

  • Lemare spodumene pegmatite extended by 250 m

  • SW Extension returns wide intercepts of spodumene mineralisation:

    • 33.7 m @ 0.94% Li2O
    • 18.0 m @ 2.00% Li2O

Critical Elements Corporation (“Critical Elements” or the “Company”) (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) and Lepidico Ltd (ASX:LPD) (“Lepidico”) are pleased to advise of results of the second stage of drilling at the Lemare spodumene project in Quebec, Canada.

The Stage 2 diamond drilling program was completed along the 600 metre long SW Extension of the Lemare spodumene pegmatite, following on from the Stage 1 drilling in 2016 over the main Lemare prospect. A lake covers the intervening 300 metres between the two prospects (Figures 1 -3).

A total of 15 holes, for 1,527 m of NQ core, were drilled on nominal 50 m sections along the 600 m long extension of the spodumene-bearing pegmatite corridor to the SW of the lake.

A number of wide intercepts were returned, confirming Lemare as a significant spodumene prospect. Better results from the SW Extension include:

33.7 m @ 0.94% Li2O, from 9.60 m, in hole LE-17-29
18.0 m @ 2.00% Li2O, from 6.80 m, in hole LE-17-30

These results build on the spodumene mineralisation identified by last year’s drilling at the main Lemare prospect, as reported on November 24, 2016, that included:

28.5 m @ 2.15% Li2O, from 5.50 m, in hole LE-16-13
24.0 m @ 1.87% Li2O, from 13.5 m, in hole LE-16-14
21.0 m @ 1.75% Li2O, from 38.8 m, in hole LE-16-03

A full list of significant intercepts (0.5% Li2O) from the SW Extension program is presented in Table 1.

To view Figure 1. Lemare project outline: http://media3.marketwire.com/docs/Figure_1_CRE.pdf

To view Figure 2. Location of Lemare and SW Extension: http://media3.marketwire.com/docs/CRE_Figure_2.pdf

Good widths of spodumene-bearing pegmatite are recorded in the eastern 250 m section of the corridor, and remain open at depth, as shown in Figures 4, 5 and 6. Geological logs show spodumene content ranging from 5% up to 25%.

Results from drilling to the west of a sharp inflection in the interpreted position of the corridor, spodumene pegmatites thin or were not intersected at depth by the drilling. This is similar to the pinch-and-swell character of the pegmatites seen at the main Lemare prospect 300 m to the northeast across the lake.

To view Figure 3. Lemare SW Extension, simplified geology showing location of drill holes and cross-sections presented in Figures 4 – 6: http://media3.marketwire.com/docs/Figure_3_CRE.pdf

To view Figure 4. Lemare SW Extension, cross-section 600W: http://media3.marketwire.com/docs/Figure_4_CRE.pdf

To view Figure 5. Lemare Extension, cross-section 650W: http://media3.marketwire.com/docs/Figure_5_CRE.pdf

To view Figure 6. Lemare SW Extension, cross-section 725W: http://media3.marketwire.com/docs/Figure_6_CRE.pdf

The Lemare spodumene project is some 70 km2 in area and is secured by the Lemare Option Agreement between the Company and Platypus Minerals Ltd.

Under the terms of the Lemare Option Agreement, Lepidico Ltd is earning up to a 75% interest in the Lemare project. To maintain its position, Lepidico Ltd has an initial requirement to spend C$800,000 on exploration by August 31, 2017 (extended from December 31, 2016 by agreement). With completion of the Stage 2 drilling program Lepidico has met this expenditure requirement.

The Companies are pleased by the strong results generated from Lemare to date, which show Lemare to be a promising target with prospectivity for a significant spodumene resource.

To complete the earn of an initial 50% interest in the project, Lepidico is to fund C$1.2M of exploration and delineate a JORC Code compliant Minerals Resource by August 31, 2018. Lepidico can earn a further 25% interest by completing a feasibility study and an environmental study on Lemare by June 30, 2020 and by making a payment of C$2.5M (in cash or shares) to Critical Elements.

Table 1. Lemare Spodumene Project, diamond drilling significant intersections (0.5% Li2O) from the SW Extension (June 2017) and Lemare (October 2016)

Lemare Hole Id
From (m)
To (m)
Down-hole
Intercept (m)

Li2O (0.5%)1
SW Extension, 2017
LE-17-17
109.70
111.80
2.10
1.37
LE-17-18
11.50
14.80
3.30
1.90

25.30
26.80
1.50
0.83
LE-17-19
3.00
6.80
3.80
1.09

11.70
13.20
1.50
1.02

32.70
33.80
1.10
0.72

46.10
47.10
1.00
1.88
LE-17-27
13.30
18.30
5.00
1.58

19.10
21.50
2.40
0.84

25.00
25.70
0.70
0.52

27.80
28.50
0.70
1.11

33.20
36.60
3.40
1.86
LE-17-28
22.50
24.00
1.50
1.24

30.00
37.30
7.30
1.18

40.90
47.00
6.10
2.26

51.30
52.80
1.50
1.21
LE-17-29
9.60
43.30
33.70
0.94
including
17.70
30.70
13.00
1.42
and
37.90
43.30
5.40
1.44

52.30
58.10
5.80
1.53
LE-17-30
6.80
24.80
18.00
2.00

39.30
42.30
3.00
2.28
LE-17-31
62.00
63.00
1.00
1.90

71.70
73.00
1.30
1.23
Lemare, 20162
LE-16-01
40.70
56.60
15.90
1.26
LE-16-03
38.80
59.80
21.00
1.75
LE-16-04
29.30
32.30
3.00
0.96

46.90
51.90
5.00
1.12

62.30
63.30
1.00
1.23
LE-16-05
35.20
40.50
5.30
1.79

46.00
47.75
1.75
2.28
LE-16-06
73.90
76.25
2.35
1.92
LE-16-07
36.00
51.00
15.00
1.62
LE-16-09
83.35
85.85
2.50
1.01

91.25
92.85
1.60
1.43
LE-16-11
9.50
10.50
1.00
1.26
LE-16-12
15.00
17.50
2.50
1.23

24.50
32.90
8.40
1.43
LE-16-13
5.50
34.00
28.50
2.16
LE-16-14
13.50
37.50
24.00
1.87

42.00
51.00
9.00
2.70

Jean-Sébastien Lavallée (OGQ # 773), geologist, shareholder, Chairman and CEO of the Corporation, and “Qualified Person” under Regulation 43-101, revised and approved the technical content of this press release.

About Critical Elements Corporation

A recent financial analysis (Technical Report and Preliminary Economic Assessment (PEA) on the Rose lithium-tantalum Project, Genivar, December 2011) of the Rose project, 100% owned by Critical Elements, based on price forecasts of US $260/kg ($118/lb) for Ta2O5 contained in a tantalite concentrate and US $6,000/t for lithium carbonate (Li2CO3) showed an estimated after-tax Internal Rate of Return (IRR) of 25% for the Rose project, with an estimated Net Present Value (NPV) of CA $279 million at an 8% discount rate. The payback period is estimated at 4.1 years. The pre-tax IRR is estimated at 33% and the NPV at CA $488 million at a discount rate of 8%. (Mineral resources are not mineral reserves and do not have demonstrated economic viability). (The preliminary economic assessment is preliminary in nature). (See press release dated November 21, 2011.) The PEA includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.

The conclusions of the PEA indicate that the operation would support a production rate of 26,606 tons of high purity (99.9% battery grade) Li2CO3 and 206,670 pounds of Ta2O5 per year over a 17-year mine life.

The project hosts a current Indicated resource of 26.5 million tonnes of 1.30% Li2O Eq. or 0.98% Li2O and 163 ppm Ta2O5 and an Inferred resource of 10.7 million tonnes of 1.14% Li2O Eq. or 0.86% Li2O and 145 ppm Ta2O5.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Article source: http://www.otcmarkets.com/stock/CRECF/news?id=167526

American Hotel Income Properties REIT LP (AHOTF: OTCQX International) | American Hotel Income Properties REIT LP Announces August 2017 U.S. Dollar Cash Distribution

VANCOUVER, BC–(Marketwired – August 17, 2017) – American Hotel Income Properties REIT LP (“AHIP“) (TSX: HOT.UN) (TSX: HOT.DB.U) (OTCQX: AHOTF) announced today a cash distribution of US$0.054 per limited partnership unit (“Unit“) for the period of August 1, 2017 to August 31, 2017, which is equivalent to US$0.648 per Unit on an annualized basis. The distribution will be paid on September 15, 2017 to unitholders of record at the close of business on August 31, 2017.

The policy of AHIP is to pay cash distributions on or about the 15th day of each month to the unitholders of record on the last business day of the preceding month.

ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP

AHIP is a limited partnership formed under the Limited Partnerships Act (Ontario) to invest in hotel real estate properties located substantially in the United States and engaged primarily in growing a portfolio of premium branded, select-service hotels in secondary markets with diverse and stable demand generators as well as long standing contractual railway customers.

AHIP’s long-term objectives are to build on its proven track record of successful investment, deliver reliable and consistent U.S. dollar denominated distributions to unitholders and add value through ongoing growth of its diversified hotel portfolio.

ADDITIONAL INFORMATION

Additional information relating to AHIP, including its other public filings, is available on SEDAR at www.sedar.com and on AHIP’s website at www.ahipreit.com.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS NEWS RELEASE.

Article source: http://www.otcmarkets.com/stock/AHOTF/news?id=167512

Flyht Aerospace Solutions, Ltd. (FLYLD: OTCQX International) | FLYHT Reports Second Quarter 2017 Results

FLYHT Reports Second Quarter 2017 Results

Aug 16, 2017

OTC Disclosure News Service

– FLYHT Reports Second Quarter 2017 Results

CALGARY, AB–(Marketwired – August 16, 2017) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLD) (the “Company” or “FLYHT”), the leading provider of real-time data streaming technology that enhances the efficiency and safety of aircraft, has reported financial results for the second quarter ended June 30, 2017.

“Overall FLYHT had a good quarter and we are well positioned at this point in the year, ahead of budget, and ahead of last year’s revenue at this reporting period by 16%,” stated Thomas R. Schmutz, Chief Executive Officer of FLYHT. “We have announced over USD $10.5 million in sales in the first half of this year.” Schmutz added, “We also signed trial agreements with Boeing and another industry major to demonstrate Autonomous Distress Tracking and Timely Access to Flight Data using the FLYHT solution on both the Iridium and Inmarsat satellite constellations.”

Second Quarter highlights include:

  • Revenue of $3,388,030, which represents 4.2% decrease over the second quarter of 2016. Revenue for the six months ended June 30 was $7,117,112, an increase of 15.7% from 2016.
  • Net loss of $742,102 compared to the second quarter loss of 2016 of $651,105 excluding the sale of intellectual property in 2016 included as other income of $3,223,166.
  • Expenses in the second quarter included a non-cash share based compensation charge of $411,408 compared to $340,990 in 2016 or an increase of $70,418.
  • Gross profit was 66.8% of revenue compared to 63.9% for the second quarter of 2016, with the increase being consistent for the six months ended June 30.
  • Recurring revenue (voice and data services) of $1,158,340, an increase of 14.2% over the first quarter of 2016, and parts revenue of $1,479,402, an increase of 30.8%.
  • Distribution expenses were $1,420,236 representing an increase of $171,453 compared to the second quarter of 2016, attributable mainly to higher costs associated with sales activities.
  • Administration expenses were comparable to the same quarter of 2016 with a decrease of $14,690 to $1,088,709 in the quarter.
  • Research and development expenses were $399,920, or 18.7% higher than in the same quarter of 2016, principally due to higher labour and contract labour costs for the quarter that were partially offset by recoveries from government programs.
  • Customer deposits of $909,318 at quarter end were slightly increased from Q2 2016, and payments received in the quarter were $224,050 lower than the same quarter last year.
  • The value of deposits moved to unearned revenue was $582,210, an increase of $320,139 compared to Q2 2016.
  • Unearned revenue decreased in the quarter to $656,844 from $1,561,020 at the end of Q2 2016. This was 57.9% lower than June 2016, and was due to sales being recognized in periods subsequent to June 30 in 2016.
  • Revenue recognized on AFIRS units shipped was $561,725 lower than in Q2 2016 but were only lower by $72,059 year-to-date. Revenue was recognized on 17 installation kits in Q2 2017 compared to 27 in the second quarter of 2016.

Detailed information in FLYHT’s 2017 Second Quarter Report containing the CEO’s Message, Management Discussion and Analysis and Financial Statements has been posted to the Company’s website and can be accessed at http://flyht.com/financial-reports/. The MDA and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

FLYHT has scheduled a live conference call to discuss its second quarter results on Thursday, August 17, 2017 at 7 am MDT (9 am EDT, 6 am PDT).

To access the conference call by phone within Canada and the U.S.A. the toll-free number is 1-800-319-4610. Outside Canada and the U.S.A., dial 1-604-638-5340. (Callers should dial in five to 10 minutes prior to the scheduled start time).

Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call, can do so by pressing *1. Questions can be emailed to investors@flyht.com.

An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available from the conference call provider. http://flyht.com/presentation-and-webcast/

About FLYHT Aerospace Solutions Ltd.

FLYHT’s mission is to improve aviation safety, efficiency and profitability (located in Calgary, Canada; publicly traded as: FLY: TSX.V; FLYLF: OTCQX). Airlines, leasing companies, fractional owners and original equipment manufacturers have installed the Automated Flight Information Reporting System (AFIRS™) on their aircraft to capture, process and stream aircraft data with real-time alerts. AFIRS sends this information through satellite networks to the UpTime™ cloud-based data center, which provides aircraft operators with direct insight into the operational status and health of their aircraft and enables them to take corrective action to maintain the highest standard of operational control.

Join us on social media!

www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

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.

Contact Information
FLYHT Aerospace Solutions Ltd.
Paul Takalo
Interim Chief Financial Officer
403-291-7425
ptakalo@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Copyright © 2017 Marketwired. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/FLYLD/news?id=167504

Bunk Beds