Proactiveinvestors USA & Canada Primary Energy Metals Inc. https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Primary Energy Metals Inc. RSS feed en Thu, 20 Jun 2019 08:17:18 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Primary Energy Metals closes C$1.1 million financing as new CEO's first order of business ]]> https://www.proactiveinvestors.com/companies/news/221986/primary-energy-metals-closes-c11-million-financing-as-new-ceo-s-first-order-of-business-221986.html Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) announced Wednesday that it raised over C$1.1 million in an oversubscribed public placement.

The non-brokered placement represented 15.1 million units at $0.075 per unit for gross proceeds of $1,137,025.

Each unit consists of one share and one-half of one warrant exercisable at $0.15 per share for a 24-month period.

READ: Primary Energy Metals appoints new CEO and CFO

The Vancouver-based company recently appointed two new executives to its team.

Cannabis and finance executive Joel Shacker is taking the reins as president and CEO, replacing Patrick Morris who will remain with the company as a director.

The junior company also tapped Szascha Lim as chief financial officer.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Wed, 12 Jun 2019 09:23:00 -0400 https://www.proactiveinvestors.com/companies/news/221986/primary-energy-metals-closes-c11-million-financing-as-new-ceo-s-first-order-of-business-221986.html
<![CDATA[News - Primary Energy Metals appoints new CEO and CFO ]]> https://www.proactiveinvestors.com/companies/news/221479/primary-energy-metals-appoints-new-ceo-and-cfo-221479.html Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTD) announced Tuesday that it has appointed two new executives to lead the junior company.

In a note to shareholders, Primary said that cannabis and finance executive Joel Shacker is taking the reins as president and CEO, replacing Patrick Morris who will remain with the company as a director.

The Vancouver-based company also tapped Szascha Lim as chief financial officer after the resignation of Geoff Balderson.

READ: Primary Energy Metals Corp brings on two new directors

Shacker has extensive experience building cannabis companies and navigating capital markets. He began by founding a cannabis extraction company that specialized in licencing proprietary formulas to producers. As a director at cannabis lifestyle company Weekend Unlimited Inc, he was in charge of international expansion and oversaw the development of new operations. On the finance front, he served as chief operating officer of CanPac Investment Corp and as an associate at venture capital firm Stadnyk and Partners.

Shacker holds an Honours Business Administration degree from the renowned Ivey Business School at the University of Western Ontario.

New CFO Lim has several years of experience working in accounting at various public companies.

In a statement, Primary Energy Metals thanked former CEO Morris and CFO Balderson for their contribution to the company and wished them luck in their future endeavours.

Primary Energy Metals is focused on vanadium, cobalt, copper and nickel-focused mineral resource properties.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Tue, 04 Jun 2019 08:34:00 -0400 https://www.proactiveinvestors.com/companies/news/221479/primary-energy-metals-appoints-new-ceo-and-cfo-221479.html
<![CDATA[News - Primary Energy Metals director steps down ]]> https://www.proactiveinvestors.com/companies/news/219064/primary-energy-metals-director-steps-down-219064.html Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) announced Wednesday that Michael Mackey has stepped down as a director. 

"On behalf of the board of directors, I would like to thank Mike for all his contributions and support for the company, and wish him well in his future endeavours," said CEO Patrick Morris in a statement. 

READ: Primary Energy Metals sells British Columbia gold project to Blue Lagoon Capital

Primary Energy Metals is focused on vanadium, cobalt, copper and nickel-focused mineral resource properties.

Shares of Primary Energy Metals were up 16.7% on Wednesday. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Wed, 24 Apr 2019 17:30:00 -0400 https://www.proactiveinvestors.com/companies/news/219064/primary-energy-metals-director-steps-down-219064.html
<![CDATA[News - Primary Energy Metals sells British Columbia gold project to Blue Lagoon Capital ]]> https://www.proactiveinvestors.com/companies/news/218902/primary-energy-metals-sells-british-columbia-gold-project-to-blue-lagoon-capital-218902.html Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) has agreed to sell its RD gold and cobalt property to Blue Lagoon Capital Inc in a C$25,000 deal.

The RD property is located in west-central British Columbia, just north of the Rocher Deboule range and near the junction of the Bulkley and Skeena Rivers.

READ: Primary Energy Metals bolsters board with cannabis and finance appointee

The exploration project comprises five contiguous mineral claims that cover an area of around 7,000 hectares.

Completion of the transaction is subject to completion of filings with the Canadian Securities Exchange, as well as title confirmation of the RD property and a negotiated definitive agreement with Blue Lagoon.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Mon, 22 Apr 2019 16:29:00 -0400 https://www.proactiveinvestors.com/companies/news/218902/primary-energy-metals-sells-british-columbia-gold-project-to-blue-lagoon-capital-218902.html
<![CDATA[News - Primary Energy Metals bolsters board with cannabis and finance appointee ]]> https://www.proactiveinvestors.com/companies/news/218360/primary-energy-metals-bolsters-board-with-cannabis-and-finance-appointee-218360.html Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) announced Wednesday that it has appointed cannabis and finance executive Joel Shacker to its board of directors, as well as announcing a non-brokered private placement with plans to raise up to C$1 million. 

The Vancouver-based junior explorer said it will offer up to 13.33 million units at a price of C$0.075 per unit, for gross proceeds of up to C$1 million. Each unit will consist of one common common share, and one-half-of-one common share purchase warrant, which can be exercised at a price C$0.15 over a two-year period. 

The company also announced a shift in its board of directors, welcoming new appointee Joel Shacker, who has worked extensively in the cannabis and finance space. 

READ: Primary Energy Metals reverse share split to roll out Tuesday

Shacker has a long list of experience and has sat on the board of directors for the cannabis lifestyle company, Weekend Unlimited Inc. Shacker has experience in expansion into international cannabis markets and has overseen and developed operations from the ground up. He entered the cannabis space by founding a cannabis extraction company which specialized in licensing proprietary formulas to producers, according to a company release. 

Primary Energy Metals also announced that Chaimae El Amri has stepped down from the board of directors to pursue other ventures and thanked her for her contributions to the company. 

Primary Energy Metals is focused on vanadium, cobalt, copper and nickel-focused mineral resource properties.

Shares of Primary Energy Metals were at C$0.10 on Wednesday. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Wed, 10 Apr 2019 18:55:00 -0400 https://www.proactiveinvestors.com/companies/news/218360/primary-energy-metals-bolsters-board-with-cannabis-and-finance-appointee-218360.html
<![CDATA[News - Primary Energy Metals cancels its letter of intent with Bakorp Resources ]]> https://www.proactiveinvestors.com/companies/news/216321/primary-energy-metals-cancels-its-letter-of-intent-with-bakorp-resources-216321.html Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) announced Tuesday plans to continue exploration at the RD cobalt/gold properties and has cancelled its letter of intent with Bakorp Resources Corp. 

The Vancouver-based junior explorer's RD property comprises five contiguous mineral claim and is located near Hazelton, BC at the junction of the Bulkley and Skeena Rivers.

READ: Primary Energy Metals reverse share split to roll out Tuesday

Primary Energy Metals is focused on vanadium, cobalt, copper and nickel-focused mineral resource properties.

The shares were flat in afternoon trading in Canada at C$0.12.

Contact Katie Lewis: katie@proactiveinvestors.com

Follow her on Twitter: @kelewis

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Tue, 12 Mar 2019 15:10:00 -0400 https://www.proactiveinvestors.com/companies/news/216321/primary-energy-metals-cancels-its-letter-of-intent-with-bakorp-resources-216321.html
<![CDATA[News - Primary Energy Metals reverse share split to roll out Tuesday ]]> https://www.proactiveinvestors.com/companies/news/214909/primary-energy-metals-reverse-share-split-to-roll-out-tuesday-214909.html Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) announced Tuesday it will consolidate its shares on a 1:10 basis, effective at the close of business on Tuesday.

The Vancouver-based junior explorer will reduce the total number of shares in issue, while simultaneously increasing the nominal or par value of each of the shares.

Its shares outstanding will reduce to around 8.16 million from around 81.6 million.

READ: Primary Energy Metals to uplist to OTC Venture Market

The company said there will be no change to the company's ticker symbol.

Primary Energy Metals is focused on vanadium, cobalt, copper and nickel-focused mineral resource properties.

Contact Katie Lewis: katie@proactiveinvestors.com

Follow her on Twitter: @kelewis

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Tue, 19 Feb 2019 13:52:00 -0500 https://www.proactiveinvestors.com/companies/news/214909/primary-energy-metals-reverse-share-split-to-roll-out-tuesday-214909.html
<![CDATA[News - Primary Energy Metals announces share split ]]> https://www.proactiveinvestors.com/companies/news/213905/primary-energy-metals-announces-share-split-213905.html Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) is set to to consolidate its shares on a 1:10 basis, after the board approved the move.

It means the Vancouver-based junior explorer will reduce the total number of shares in issue, while simultaneously increasing the nominal or par value of each of the shares.

READ: Primary Energy Metals looks back at 'pivotal' 2018; amends Exco deal

Its shares outstanding will reduce to around 8.2 million from around 81.6 million.

Completion of the consolidation remains subject to the approval of the Canadian Securities Exchange.

Primary Energy is focused on vanadium, cobalt, copper and nickel-focused mineral resource properties to create value.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Mon, 04 Feb 2019 08:27:00 -0500 https://www.proactiveinvestors.com/companies/news/213905/primary-energy-metals-announces-share-split-213905.html
<![CDATA[Media files - Primary Energy Metals see big upside with projects in Utah, Spain and British Columbia ]]> https://www.proactiveinvestors.com/companies/stocktube/11052/primary-energy-metals-see-big-upside-with-projects-in-utah-spain-and-british-columbia-11052.html Wed, 31 Oct 2018 09:40:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/11052/primary-energy-metals-see-big-upside-with-projects-in-utah-spain-and-british-columbia-11052.html <![CDATA[News - Primary Cobalt finalizes deal to take on four projects in Spain; shares rocket 30% ]]> https://www.proactiveinvestors.com/companies/news/202035/primary-cobalt-finalizes-deal-to-take-on-four-projects-in-spain-shares-rocket-30-202035.html Shares of Primary Cobalt Corp (CSE:PRIM) surged 30% Wednesday after the junior explorer announced it has signed an agreement with Exco Mining (Spain) to acquire up to an 85% interest in two cobalt, copper, nickel and manganese projects and two vanadium permits in Spain.

The company said the two permits in Almeria and Granada provinces in southern Spain and two permits in Badajoz, in central Spain totalled 500 square miles or 130,000 hectares. 

The company said a condition to closing is the raising of C$1mln by the company.

READ: Primary Cobalt Corp is building a significant exploration portfolio in Spain and British Columbia

“We are pleased with this major step forward for Primary focusing on ethically sourced energy metals," said chief executive officer Patrick Morris.

"Our exploration activities today has become more global in nature and include cobalt, vanadium, nickel, copper, and silver that have gone beyond where we began under Primary Cobalt in 2018.”

Spain hosts a diversified mining sector, which produces mostly industrial minerals and stone.

The country encompasses almost 90% of the Iberian Peninsula which is considered to be the most mineralized zone in the European Union.

READ: Primary Cobalt and Exco Mining release grab sample results from Spanish project; shares boosted

Under the deal, an exclusive work project has been issued for each of the four permits. The company will pay 10,000 Euros at closing to earn a 20% interest, issue shares at a deemed price of C$.10 per common share with a value of 100,000 Euros when a research permit is issued to earn an additional 30% interest and a final 35% interest when the work commitment is completed. 

The four permits include: Buran, Beatriz, Odin and Altair. 

Shares of Primary Cobalt were at C$0.09, up 30.0% on Wednesday mid-day. 

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Wed, 01 Aug 2018 11:21:00 -0400 https://www.proactiveinvestors.com/companies/news/202035/primary-cobalt-finalizes-deal-to-take-on-four-projects-in-spain-shares-rocket-30-202035.html
<![CDATA[News - Primary Cobalt kicks off prospecting study at prospective Uravan belt in Utah and Colorado ]]> https://www.proactiveinvestors.com/companies/news/201575/primary-cobalt-kicks-off-prospecting-study-at-prospective-uravan-belt-in-utah-and-colorado-201575.html Primary Cobalt Corp (CNSX:PRIM) told investors it had kicked off a prospecting study on key vanadium-uranium claims in the highly prospective Uravan belt in Utah and Colorado.

"Based on the results of the previous exploration and past-production within the Uravan belt, this coupled with recent U.S. political focus on sourcing strategic metals locally, represents an opportunity for Primary and its shareholders," said chief executive Patrick Morris.

The rising demand for vanadium as a steel alloy and the vanadium redox flow batteries (VRFB) has sparked renewed interest in vanadium deposits. VRFB's are getting more attention from utilities and large battery projects have already been announced, said Primary.

The Uravan mineral belt has been explored since the late 1880s when early prospectors discovered radium, vanadium and uranium at the Paradox Valley.

It's been a busy month for the group. Last week it welcomed geologist Thomas Clarke as a director.

And on July 16, the junior explorer, alongside Exco Mining (Spain) announced sampling results from two of its projects in Spain.

The grab samples, completed in May this year, were taken from the cobalt, copper, silver, lead, nickel and manganese projects inside one of the galleries at its Buran project in Almeria and from the waste dumps of old cobalt mines at its Beatriz project in Granada province in southern Spain.

At the Buran project, the company said although it was not possible to get access to the cobalt-rich samples in the old galleries, it were found very interesting mineralizations with high molybdenum contents and overall a massive dike that showed 968 parts per million (ppm) (0.0968%) of silver content of 1%/kg per ton, 1.5% copper and 20% lead.

At the Beatriz project, high cobalt samples were recorded (including 3950ppm, 3850ppm and 6040ppm cobalt in three samples), alongside finds in nickel and copper.

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Wed, 25 Jul 2018 10:40:00 -0400 https://www.proactiveinvestors.com/companies/news/201575/primary-cobalt-kicks-off-prospecting-study-at-prospective-uravan-belt-in-utah-and-colorado-201575.html
<![CDATA[News - Primary Cobalt shares gain as it appoints geologist Clarke as director ]]> https://www.proactiveinvestors.com/companies/news/200982/primary-cobalt-shares-gain-as-it-appoints-geologist-clarke-as-director-200982.html Primary Cobalt Corp (CNSX:PRIM) has welcomed geologist Thomas Clarke as a director.

Clarke has a long list of companies he has worked with, including Bonterra Resources Inc (CVE:BNE). While there, he coordinated all exploration, which culminated in an NI 43-101 inferred gold resource of 492,000 ounces.

He has also been a director of Golden Share Mining Corporation, and served as president and director of Nanoose Gold Ltd, a private exploration company that was acquired by Golden Share Mining Corporation in October 2010.

From September 2010 to present, Mr Clarke has served as a director of Weststar Resources Corp (CVE:WER).

Patrick Morris CEO said. "We are very pleased to welcome Mr. Clarke to the board and look forward to his enthusiasm and knowledge of energy metals to our team."

Shares in Primary Cobalt added 8.33% to C$0.065 on the day.

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Tue, 17 Jul 2018 14:06:00 -0400 https://www.proactiveinvestors.com/companies/news/200982/primary-cobalt-shares-gain-as-it-appoints-geologist-clarke-as-director-200982.html
<![CDATA[News - Primary Cobalt and Exco Mining release grab sample results from Spanish project; shares boosted ]]> https://www.proactiveinvestors.com/companies/news/200877/primary-cobalt-and-exco-mining-release-grab-sample-results-from-spanish-project-shares-boosted-200877.html Shares of Primary Cobalt Corp (CNSX:PRIM) were up 20.0% on Monday after the junior explorer alongside Exco Mining (Spain) announced sampling results from two of its projects in Spain. 

The grab samples, completed in May 2018, were taken from the cobalt, copper, silver, lead, nickel and manganese projects inside one of the galleries at its Buran project in Almeria and from the waste dumps of old cobalt mines at its Beatriz project in Granada province in southern Spain.

"The analytical results from this sampling program will assist us in identifying potential target areas for core drilling during our exploration program," said Pat Morris, president of Primary.

"The unexpected high contents in other important elements are very encouraging and speak to the potential upside in our search for these critical energy metals."

READ: Primary Cobalt Corp is building a significant exploration portfolio in Spain and British Columbia

At the Buran project, the company said although it was not possible to get access to the cobalt-rich samples in the old galleries, it were found very interesting mineralizations with high molybdenum contents and overall a massive dike that showed 968 parts per million (ppm) (0.0968%) of silver content of 1%/kg per ton, 1.5% copper and 20% lead.

At the Beatriz project, high cobalt samples were recorded (including 3950ppm, 3850ppm and 6040ppm cobalt in three samples), alongside finds in nickel and copper. 

The company said concentrations of primary cobalt minerals are important and it will continue to further explore to determine to their regional extension.

Shares of Primary Cobalt were at C$0.06, up 20.0% on Monday afternoon. 

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Mon, 16 Jul 2018 11:49:00 -0400 https://www.proactiveinvestors.com/companies/news/200877/primary-cobalt-and-exco-mining-release-grab-sample-results-from-spanish-project-shares-boosted-200877.html
<![CDATA[News - Primary Cobalt kicks off fieldwork at prospective BC property ]]> https://www.proactiveinvestors.com/companies/news/198802/primary-cobalt-kicks-off-fieldwork-at-prospective-bc-property-198802.html Battery metals focused junior Primary Cobalt Corp (CNSX:PRIM) told investors that it was all set to kick off field work on its RD Cobalt property in British Columbia.

Crews will set off in the next few days for the around two-week exploration program that will focus on detailed mapping and sampling of the 'Golden Wonder' showing at the site.

READ: Primary Cobalt shares advance as it submits work programme for Spanish vanadium exploration

An initial ground program was completed in 2017 and 95 rock samples and 19 stream pan concentrate samples were collected from the property, the group said.

Sample highlights from the Golden Wonder area included anomalous gold, copper, cobalt across over 400m strike length.

Highlights included 15.20 g/t (grams per ton) of gold, 77.20 g/t silver, 0.09% cobalt and 4.95% copper, in one sample.

The RD Cobalt property comprises five contiguous claims that cover an area of around 327 ha (hectares).

The property lies around 1 km south of the Yellowhead Highway, a major highway in western Canada.

There are several historic copper, gold and cobalt mineral showings, including Golden Wonder, Daley West, Hecla, Black Prince, Blue Lake, and Silvertip Glacier.

The Golden Wonder showing has received the most attention historically, with exploration work recorded as early as 1912.

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Wed, 13 Jun 2018 09:55:00 -0400 https://www.proactiveinvestors.com/companies/news/198802/primary-cobalt-kicks-off-fieldwork-at-prospective-bc-property-198802.html
<![CDATA[News - Primary Cobalt announces $750,000 private placement ]]> https://www.proactiveinvestors.com/companies/news/197876/primary-cobalt-announces-750000-private-placement-197876.html Primary Cobalt Corp. (CSE:PRIM) announced today that it plans to carry out a non-brokered private placement to shore up proceeds of up to C$750,000.

The energy metals company said that proceeds from the financing will be used for the company's exploration programs in Canada and Spain, and for general working capital purposes.

According to the terms of the placement, up to 7.5 million units of the company will be available at a price of C$0.10 per unit. Each unit will consist of one common share and a non-transferable warrant. Each warrant will entitle the holder to purchase one additional common share of the company at a price of C$0.15 cents per share for a period of 24 months following the closing date.

READ: Primary Cobalt shares advance as it submits work programme for Spanish vanadium exploration

The net proceeds from the financing will be used for the company's exploration programs in Canada and Spain, and for general working capital purposes.

All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities law. The offering is subject to approval of the Canadian Securities Exchange.

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Tue, 29 May 2018 21:23:00 -0400 https://www.proactiveinvestors.com/companies/news/197876/primary-cobalt-announces-750000-private-placement-197876.html
<![CDATA[News - Primary Cobalt shares advance as it submits work programme for Spanish vanadium exploration ]]> https://www.proactiveinvestors.com/companies/news/197660/primary-cobalt-shares-advance-as-it-submits-work-programme-for-spanish-vanadium-exploration-197660.html Energy metals group Primary Cobalt Corp (CSE:PRIM) saw its shares rise as it told investors that it has submitted a work programme with Exco Mining SA to explore for vanadium in Spain.

Earlier this month, the group inked a letter of intent to acquire up to an 85% interest in the two vanadium permits in Badajoz in central Spain covering 500 square miles.

Major step forward

The deal included two further permits in southern Spain, covering cobalt, copper, nickel and manganese.

The Badajoz province is the unique region of Spain where vanadium has been extracted on an industrial scale.

The average vanadium grades historically extracted were 4-5% vanadium oxides (V2O5) with concentrations reaching up to 12% of (V2O5).

Spain has one of Europe´s most diversified mining sectors and produces copper, gold, wolframite, fluorite, potash and other metals, as well as industrial minerals and stone.

"This is a major step forward for the group that accelerates both our short and long-term goals to expand our search for ethically sourced battery mineral assets," said Patrick Morris, the chief executive of Primary Cobalt.

Shares in the company added 4.55% to stand at C$0.12.

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Thu, 24 May 2018 10:17:00 -0400 https://www.proactiveinvestors.com/companies/news/197660/primary-cobalt-shares-advance-as-it-submits-work-programme-for-spanish-vanadium-exploration-197660.html