Braingrid Completes Shares for Debt Issuance and Convertible Debenture Financing

Toronto, Ontario–(Newsfile Corp. – May 17, 2019) – Braingrid Limited (CSE: BGRD) (“Braingrid” or the “Company”), a global provider of cultivation analytics using its affordable, scalable and easy-to-deploy sensor platforms for precision agriculture, wishes to announce the completion of two transactions.

Pursuant to an Advisory Agreement with Michael Frank (the “Advisor”) dated as of the 1st day of January 2019, the Company issued 100,000 common shares in payment for his services from January 1, 2019 to April 30, 2019. The Advisor provided consulting and support services including the ongoing assessment of available methods of financing operations and undertakings of the Company; the introduction of appropriate businesses to the Company for acquisition and merger; and conversations and attendances with stock brokers and other third party investors to create awareness and investment in the Company. Compensation was fixed at $5,000 per month and payable in common shares in the capital of the Company at a deemed issue price of $0.20 per share. The agreement with the Advisor also provided for the payment of certain success fees in the event of the completion of certain transactions however as no transactions were completed, no success fee was earned or paid.

A second transaction with Bankwell Realty Inc. (the “Lender”) was completed by the Company today whereby the Company issued a $100,000 secured convertible debenture. The loan bears interest at a rate of 18% per annum, matures on August 16, 2019 and is secured by a general security agreement. The principal amount of the debenture, fees and interest thereon may be converted into units of the Company at a conversion price of $0.09 per unit. Each unit will be comprised of one common share and one common share purchase warrant of the Company. Each warrant will be exercisable into one common share of the Company at an exercise price of $0.09 per share at any time on or before the second anniversary of the issuance of the warrants. In connection with the completion of the financing the Company agreed to pay the Lender a commitment fee of $5,000 and issue 250,000 common share purchase warrants to the Lender, each exercisable at any time on or before May 17, 2024 into one common share of the Company at an exercise price of $0.09 per share. Braingrid may pre-pay the debenture at any time and is obligated to repay the debenture in the event that it receives long term funding.

The securities issued by the Company as set out in this press release are subject to a hold period of four months and one day.

Media Contact:

Braingrid
Doug Harris
Chief Financial Officer
416-480.2488
ir@braingrid.io
www.braingrid.io

About Braingrid:

Braingrid is a global technology company committed to the best interests of the precision agriculture industry for the long term. We provide valuable grow analytics by capturing real-time data using our technology platform to increase revenues, reduce costs, risks and improve yield – making it easier for the grower to operate efficiently and effectively. The Company is listed on the CSE under the symbol BGRD.

FORWARD-LOOKING INFORMATION

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of Braingrid. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of Braingrid to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although Braingrid believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, Braingrid assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44891

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Relay Medical Announces Closing of Private Placement for Proceeds of Over $1.5M

Toronto, Ontario–(Newsfile Corp. – May 17, 2019) – Relay Medical Corp. (CSE: RELA) (OTCQB: RYMDF) FSE: EIY2) (“Relay” or the “Company“), a developer of MedTech innovation, is pleased to announce the closing of a private placement financing (the “Offering“) for gross proceeds of $1,532,500 through the issuance of 7,662,500 Units (each, a “Unit“) at a price of $0.20 per unit.

Each Unit is comprised of: (i) one common share in the capital of the Company (each a “Common Share“); (ii) one Common Share purchase warrant (each, a “ Warrant“). Each whole Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.30 on or before November 17, 2020.

Gross proceeds raised from the Offering will be used for working capital and general corporate purposes. The securities issued upon closing of the Offering are subject to a hold period until September 18, 2019, pursuant to applicable securities laws.

Certain eligible persons (the “Finders“) were paid a cash commission equal to 8% of the proceeds raised from subscribers introduced to the Company by such Finder and also issued an aggregate of 93,200 finder warrants (the “Finder Warrants“) to Finders, each Finder Warrant entitling the holder to acquire one Unit at a price of $0.20 for a period of eighteen (18) months from the date of issuance.

Certain insiders of the Company participated in the First Tranche of the Offering, purchasing an aggregate of 517,500 Units. The participation of such insiders constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Offering in an expeditious manner.

About Relay Medical Corp.

Relay Medical is an evolving “Integrated MedTech Accelerator” headquartered in Toronto, Canada, acquiring early-stage technologies and inventions, advancing and preparing them for pre-commercial acquisitions in the HealthTech marketplace. By integrating the funding, development and exit process into one organization led and managed by one expert team, Relay Medical is building the capacity to accelerate and transact technologies with high efficiency and grow into a leading engine for MedTech innovation in the global HealthTech marketplace.

Website: www.relaymedical.com

Contact:
W. Clark Kent
President
Relay Medical Corp.
Office. 647-872-9982 ext. 2
TF. 1-844-247-6633 ext. 2
investor.relations@relaymedical.com

Bernhard Langer
EU Investor Relations
Office. +49 (0) 177 774 2314
Email: blanger@relaymedical.com

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the commercialization plans for UXD described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44883

Spacefy Inc., Connecting Creatives with Locations to Create, CEO Clip Video

Vancouver, British Columbia–(Newsfile Corp. – May 17, 2019) – Russ Patterson, CEO of Spacefy, speaks about the company’s online marketplace for creative spaces.

If you cannot view the video above, please visit:
https://www.b-tv.com/spacefy-short-term-space-rentals-ceo-clip-90sec/

Spacefy Inc. is being featured on BNN Bloomberg on May 18 – May 19, 2019, throughout the day and evenings.

Spacefy Inc. (CSE: SPFY)

www.spacefy.com

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 90 second video profiles broadcast on national TV and online via 15 top financial sites including: Thomson Reuters, Bloomberg, Yahoo! Finance and Stockhouse.com.

BTV – Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44884

InvestmentPitch Media Video Discusses Far Resources and its Sponsorship of Electric Blue Marine Power Project Combining Lithium Battery with Solar Panels for Vessel Propulsion – Video Available on Investmentpitch.com

Vancouver, British Columbia–(Newsfile Corp. – May 17, 2019) – Far Resources (CSE: FAT) (FSE: F0R) (OTC Pink: FRRSF), as part of its developing battery and renewables technology strategy, it is acting as a principal sponsor of the Electric Blue Marine Power Project aimed at commercial demonstration of lithium battery capabilities for solar energy-based marine propulsion, alongside BattMat Technologies, Inc. One of the less developed but highly promising applications for lithium batteries is marine propulsion. 

For more information, please view the InvestmentPitch “video” which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter “Far Resources” in the search box. 

Cannot view this video? Visit:
http://www.investmentpitch.com/

Lithium batteries were used in the well-known but costly Planet Solar project, which circled the globe drawing on solar energy more than seven years ago. The ship contained 8.5 tons of lithium-ion batteries within its two hulls.

Since then, the functionality of lithium batteries and solar panels and their efficiency, along with electric motors, have improved substantially. The Electric Blue Marine Power Project being implemented by Electric Blue Power, LLC, aims to demonstrate the use of lithium battery technologies in a sustainable, efficient and economical marine propulsion system capable of powering vessels continuously on solar energy.

The MaxSolarProp© system, incorporating lithium iron phosphate batteries together with fixed and flexible solar panels and a high efficiency electric motor and proprietary electronics has been installed in the 40-foot research vessel, Electric Blue Solar Yacht. Electric Blue has embarked on a pioneering voyage along the iconic Great Loop which includes waterways of the Eastern US from Florida along the East Coast to the Washington, D.C. area and New York City and then inland on the Erie Canal to Buffalo, New York. The Great Loop continues on across the Great Lakes to the Midwest and down the Mississippi to the Gulf of Mexico.

The Project will demonstrate that lithium iron phosphate batteries, with their high performance and long life, are stable and reliable for solar-only and slower speed marine uses. Its design is ready for use to replace diesel engines in inboard sailboats and, with hybrid power back-up, is suitable for larger vessels.

The launch of Electric Blue is the culmination of several years of research and development in solar electric power and controls by its inventor Lee Wheelbarger, who recently joined Far’s advisory board. He brings expert knowledge in the development of new battery-related power and other technologies, including lithium-based batteries such as those used on the Electric Blue Solar Yacht.

Investors will be invited to meet Mr Wheelbarger and members of the Far team beginning at stops in the Washington, D.C. area, in New York City, and at certain other points along the Great Loop, where they will be available to answer questions on the battery system.

Far’s participation is pursuant to its partnership, announced in March, with technology and consulting firm BattMat, to create an advanced strategy for marketing Far’s lithium resources, identifying new technology-driven trends in the battery materials sector and strengthening its strategic standing and recognition within the battery and technology industries.

Toby Mayo, President, stated: “We are very excited by this opportunity to market Far in this rapidly expanding sector. Our participation in Electric Blue represents part of the company’s developing strategy to incubate high-potential, proprietary battery and renewable technologies, while also positioning the company to participate in the future licencing of successful, emerging technologies as they develop towards commercialisation. This is seen by management as a bona fide means of adding shareholder value through new initiatives in the battery and renewables sector, while introducing potential investors and partners for financing and forging closer ties in this growth industry.”

For more information, please visit www.farresources.com, contact L. Frank Anderson, Director, at 604-253-3444.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT: 
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44869

Rise Gold Provides Information on Technical, Regulatory, and Environmental Aspects of the Idaho-Maryland Gold Project

Vancouver, British Columbia–(Newsfile Corp. – May 17, 2019) – Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the “Company“) is pleased to provide information regarding technical, regulatory, and environment aspects of the Idaho-Maryland (“I-M”) Gold Project (“Project”).

Exploration drilling is ongoing and results from recently completed holes will be announced pending finalization of assay results. Visible gold has been noted in several of the veins intersected.

The Idaho-Maryland Gold Mine, located entirely on private land, was once the second largest lode gold producer in the entire United States with a total past production of 2,414,000 oz of gold at an average mill head grade of 0.5 oz per ton (17.1 gpt) from 1866-1955 and production rates of up to 129,000 oz of gold per year.1

The major vein systems include:

Idaho #1: past production of 935,000 oz gold at a mill head grade of 1.12 oz per ton (38.6 gpt)
Idaho #3: past production of 686,000 oz gold at a mill head grade of 0.60 oz per ton (20.4 gpt)
Brunswick: past production of 793,000 oz gold at a mill head grade of 0.27 oz per ton (9.3 gpt)

The Company strongly believes that the I-M Gold Project has the potential to once again become a significant producing gold mine.

The Company acquired and invested significant capital into the Project because Nevada County is a superior mining jurisdiction with respect to mineral resource potential and political and regulatory risk.

In conjunction with its ongoing and successful exploration drill program, the Company has been investigating various aspects of the Project in relation to future permitting for commercial mining. This work has further reinforced the Company’s confidence that a major underground gold mine could be permitted and built in a timely manner with a predictable outcome.

Land Title

The Property consists of mineral rights on 10 parcels, including 55 subparcels, totaling 2,800 acres (1,133 hectares) with all mineral rights being contiguous below 200 ft (61 m) of surface.

Mineral rights pertain to all minerals, gas, oil and mineral deposits of every kind and nature beneath the surface of all such real property, together with all necessary and convenient rights to explore for, develop, produce, extract and take the same, subject to the express limitation that the fore-going exception and reservation shall not include any right of entry upon the surface of said land, as expressed in the recorded Quitclaim Deed.2

The company owns 175 acres of M-1 Light Industrial zoned private surface land. The Company believes this surface land would be sufficient to re-open the Idaho-Maryland Mine.

Existing Infrastructure

The Idaho-Maryland Gold Project has important infrastructure in place which would be beneficial to re-opening of an underground mine.

The New Brunswick vertical shaft is believed to be in good condition and extends to 3,400 ft below surface. A concrete shaft bin remains in place, although the headframe and hoist have been removed. The previous headframe was 135 ft in height and designed to accommodate hoisting of 2,000 tons per day from 5,000 ft depth. The previous hoist used 6 ton skips at a hoisting rate of 1,250 ft per minute. The historic hoist capacity is likely sufficient for a new operation but could be augmented by increasing hoisting speed or skip capacity.

The shaft has stations at thirteen levels from the B580 to the B3280 levels. Skip loading pockets are present on six major levels at the B1300, B1450, B1600, B1880, B2300, and B3280 levels. It is believed that most tunnels in the volcanic rocks of the Brunswick Mine should be in relatively good condition due to the geotechnical characteristics of this unit. There are numerous tunnels on each level which can be re-used and provide close access to numerous zones of known high-grade gold mineralization.

The Rise Gold property adjacent to the New Brunswick shaft previously hosted a major commercial lumber mill and 55,000 ft2 of industrial buildings. All buildings have subsequently been removed. The Property has a leveled area of approximately 40 acres and a large water-recycle pond which was constructed in 1988. The pond has a surface area of approximately 3.7 acres and a design capacity of approximately 40 acre-feet. Records indicate that the pond is lined with a 2 ft layer of clay and was designed by a registered civil engineer.

Conceptual Project Design

The Company has evaluated various aspects related to the potential reopening of the mine in the future.

A general description of a conceptual project design, at similar production levels as historically achieved, is provided as follows:

  1. Deep underground mine with production below 1,000 ft from surface.
  2. Throughput of +1,000 tons per day, the historic production rate at shutdown in 1942.
  3. High-grade gold mine. Scheduling mining of highest-grade gold mineralization available preferentially.
  4. Re-use of New Brunswick vertical mine shaft. Shaft is from surface to 3,400 ft depth.
  5. Construction of new headframe at New Brunswick shaft.
  6. Construction of a second shaft from underground to surface, constructed in segments using Alimak raising or raise boring. Second shaft to be used as a service shaft and secondary escape and extend to the B3280 level.
  7. Construction of two ventilation raises by raise boring from surface to the B900 level to allow mechanized mining.
  8. Construction of new mineral process plant on surface producing gold concentrates using gravity and flotation concentration methods.
  9. Cemented paste backfilling of underground voids.
  10. Filtered (dry) sand-tailings and crushed rock to be used as engineered fill.
    No liquid tailings or tailings dams.

Zoning Regulations

The Property is located on private land in Nevada County, California and is therefore subject to the Nevada County Land Use and Development Code (“the Code”).

Subsurface Mining is an allowed use subject to approval of a Use Permit.3

Surface work incidental to an underground mine is an allowed use in M1 districts subject to approval of a Use Permit and Reclamation Plan and where the property is zoned ME.4

Nevada County Use Permitting

It is anticipated that Nevada County would be the lead agency responsible for processing and approval of a commercial mining operation at the I-M Gold Project.

Although other permits from other government agencies would be required, the Use Permit from Nevada County is the only discretionary permit required.

Nevada County processes numerous Use Permits every year, averaging 10-12 new applications per year.

Nevada County has a recent track record of approving and granting Use Permit’s for mining projects, including:

Newmont Mining Corporation – North Star Water Treatment Facility
Use Permit granted in 2015.
Discharge of treated mine water from the underground North Star Mine into Wolf Creek
https://www.mynevadacounty.com/1102/North-Star-Water-Treatment-Facility

Hansen Brothers Greenhorn Creek Mining Expansion
Use Permit granted in 2017.
Expansion of sand and gravel mine located within and on the banks of Greenhorn Creek
https://www.mynevadacounty.com/597/Hansen-Brothers-Greenhorn-Creek-Mining-E

Blue Lead Gold Mine
Use Permit granted in 2015.
Open pit gold mine with 74 acres of surface disturbance
https://www.mynevadacounty.com/DocumentCenter/View/15226/Blue-Lead-Mine-Public-Hearing-PDF?bidId=

Previous Permitting by Emgold

Emgold Mining Corporation previously held a lease on the I-M Project and engaged in several permitting efforts in relation to the Project.

In 1995 they successfully completed and received a Use Permit for the dewatering of the I-M Mine. This permit was un-used and subsequently expired in 2001.5

In 2005, Emgold commenced permitting of a large-scale ceramic tile manufacturing and underground mine at the I-M Project. Emgold proposed a 2,400 ton per day shallow underground room and pillar mine (starting at 500 ft below ground surface) in the meta-andesite volcanic rocks to provide feed stock for ceramic tile manufacturing. The factory was proposed to be annexed into the City of Grass Valley and the City was the lead agency for the project.

The only significant and unavoidable impact identified in the Environmental Impact Report (“EIR”) was air quality emissions6 related to the intensive use of energy to manufacture ceramic tiles from the volcanic rocks mined underground. The proposed ceramic tile manufacturing would have used 2.3 billion ft3 of natural gas per year at the full production rate (18.5 MW) 7.

Emgold may have succeeded in permitting its proposed ceramic tile manufacturing and underground mine; however, they ran out of funds necessary for the processing of the Final EIR.8

Emgold enjoyed strong public support for their proposed project. In 2006, an independent opinion poll showed 72 percent of Grass Valley residents in favor of the project and only 12 percent not in favor.9

Rise Gold Corp has no interest in ceramic tile manufacturing and therefore the air quality effects of ceramic tile manufacturing have no relevance to the I-M Gold Project.

Employment and Economy in Project Area

The Company estimates a 1,000 tpd selective mining operation at the I-M would require ~300 direct employees. The mining industry has an indirect multiplier of ~3.9, meaning that 3.9 additional jobs are created from every direct job. 10 Using this factor, total employment created can be estimated at 1,500 persons, the majority of which would be in Nevada County.

The I-M Project is in an area of depressed economic conditions with high unemployment and poverty rates and thereby classified as a Qualified Opportunity Zone Tract. In the area surrounding the I-M Property, the unemployment rate is reported at 13.5% with a poverty rate of 31.3%. The adjacent tract area, including the City of Grass Valley, is reported to have an unemployment rate 10.7% with a poverty rate of 23.3%11. The average unemployment rate in United States is currently 3.8% with a poverty rate of 12.3%12,13. Grass Valley has a population of ~13,000 and Nevada County has a population of ~100,000 people.

Mine Water Discharge

The Company’s consultant has conducted detailed sampling in the New Brunswick Shaft of the water currently flooding the I-M Mine. The primary constituents of interest in the water samples are iron and manganese which are found at concentrations of approximately 1,600 micrograms per liter and 270 micrograms per liter, respectively.

The water quality of mine water discharge is subject to waste discharge requirements set forth in General Order R5-2016-007614. The General Order NPDES permit is advantageous as an individual NPDES discharge permit would not be required, resulting in a predictable outcome for permitting, along with significant time and cost savings,

The water quality requirements under the General Order are similar or identical to California drinking water quality standards.

The Company’s consultant performed bench scale tests which show the mine water can be effectively treated by aeration followed by filtration through a manganese dioxide filter. This is a simple and common water treatment method. The post-treatment water quality would meet or exceed the General Order requirements and California drinking water quality standards.

The Company has evaluated several discharge locations and believes a discharge of treated mine water to Wolf Creek would result in a predictable permitting outcome. Wolf Creek has large flows year-round of approximately 22,000 gpm. Wolf Creek is the point of discharge for numerous users included the Nevada Irrigation District, Grass Valley Waste Water (sewage) Plant and Newmont Mining’s North Star mine water discharge. Newmont was recently granted a permit to discharge treated mine water into Wolf Creek (2015) using a passive water treatment system. Newmont’s approved water discharge is to the same creek and water quality criteria as would be proposed at the Idaho-Maryland.

The historic groundwater inflow into the I-M Mine has been estimated to be in the range of 500 – 1,200 gpm15 and therefore would be insignificant in comparison to the current flow in Wolf Creek.

Ground Water Hydrology

Exploration drilling has shown the mineralized veins at the I-M Project are hosted in competent meta-andesite volcanic rocks. The hard rock lithology is relatively impermeable, and mine dewatering is not anticipated to have a significant effect on ground water levels.

Hydraulic conductivity decreases by several orders of magnitude (i.e. factors of 10) with depth. Shallower depths have higher hydraulic conductivity where more fractures are prevalent. As depth increases fractures may be either less common or have smaller aperture (open) widths. As reported by Todd Engineers (2007), hydraulic conductivity values greater than 1.0 gallon per day per square foot (gpd/ft2) are generally found in wells shallower than 200 ft deep. In wells deeper than 620 ft, no hydraulic conductivity values greater than 0.1 gpd/ft2 were identified, and most values were less than 0.01 gpd/ft2.16

The impermeable nature of the volcanic rocks and vein fractures is demonstrated at the Union Hill Mine. The Union Hill Mine is not connected but is in close proximity to the Brunswick Mine. During historic operations, the Brunswick Mine workings were completely dewatered while the Union Hill Mine was flooded to within 20 ft from surface17. The historical evidence shows that the dewatered mine working of the Brunswick Mine had very little or no effect on the water level in the Union Hill Mine. The Brunswick Mine workings were driven on the same fractures which hosted the veins and within a proximity as close as 135 ft. The mines remain hydraulically unconnected with the water level in the Union Hill Mine currently 165 ft above the water level in the Brunswick Mine.

Historically, there were concerns about several dozen domestic water wells surrounding the Brunswick Mine underground workings. The Company’s consultants are currently engaged in a detailed study of the local groundwater hydrology. The Company does not anticipate significant impacts to groundwater from the dewatering of the mine. In addition, the Company could provide an extension of the potable water utility to this area at a relatively minor cost, which would guarantee that water supply to near-by residents would not be interrupted. An Environmental Impact Report for dewatering the I-M Mine, which studied hydrogeology in detail, was previously completed and Nevada County previously approved the Use Permit for the dewatering of the I-M Mine18.

The Idaho-Maryland Mine has been flooded and successfully dewatered multiple times in its history. Previous dewatering was done without the advantage of modern pumps. There is no reason to expect significant difficulty in dewatering the underground workings.

Mineral Processing

Extensive historical information is available on mineral processing at the I-M Mine. Historic gold recovery of 96% was achieved at a coarse grind of ~80% passing 190 micron. Most gold was recovered by gravity (~67%) and the remainder by flotation which produced a concentrate averaging 3.9 oz gold per ton (134 gpt)19.

Historically, the I-M Mine produced gold dore on site. Due to the high value of the concentrate, the Company does not believe it necessary to produce dore onsite which would eliminate any need to use cyanide leaching. The Project would therefore not use cyanide and would not use mercury.

The mineralized veins at the I-M Project contain only minor sulphides, primarily pyrite, and the great majority of sulphide minerals would be shipped offsite in the gold concentrate.

Geochemistry

Extensive sampling of the historic tailings on the Company’s Centennial Industrial Site was undertaken by previous operators. All fifty samples taken from historic tailings show no elements of concern environmentally. Arsenic values range from <5 to 33 ppm with an average of 9 ppm. Kinetic testing by previous operators in 2010 shows the historic tails and the meta-andesite volcanic rock to be non-acid generating and non-metal leaching.

Some materials on the Centennial Site have elevated arsenic which are likely derived from historic custom milling of ore delivered from other mine sites. The Company is currently preparing plans to clean up these materials to re-develop the site as usable industrial real estate.

Rise is currently conducting geochemical test work on rock samples derived from its exploration drill core. Trace elements from 40 samples in the meta-andesite volcanic unit show no elements of environmental concern. Arsenic values range from 0.3 to 13.1 ppm with an average of 2.7 ppm. Sulphur values range from 0 to 0.5% with an average of 0.15%.

Tailings/Rock Storage

The Company envisions that the processing plant would include a paste backfill plant with approximately 50% of the finest tailings being used as underground backfill. The remaining sand-tailings would consist of de-sulphurized fine sand with a minimum grain size of ~100 microns.

Barren rock from tunnelling in the meta-andesite volcanic rocks would be skipped to surface and crushed. The crushed stone and sand could be combined to produce an engineered fill with no environmental concerns.

There is area available on the Company’s land holdings which could be substantially improved by placement of fill to create additional usable industrial land. The Company’s own lands could utilize at least 10 years of engineered fill should the mine be put into production at the historic rate of 1000 tons per day.

Noise

The Company is confident that noise from a commercial mining operation at the Brunswick Site can be mitigated to a level below the zoning requirements for Nevada County. Surface components of the project would be enclosed in engineered insulated buildings. Enclosure allows for the containment of noise and a predictable result at the property boundaries. During the current exploration drilling program, the Company has achieved excellent noise mitigation from the use of sound insulation and noise walls, reducing noise levels from 90 decibels at the drill head to less than 50 decibels at its property boundaries and consistently within compliance of the County noise regulations.

Traffic

An underground mining project would not generate a significant amount of traffic. The Brunswick Site is adjacent to Brunswick Road. This road is a major local roadway with an estimated 15,000 average daily trips20. Any traffic generated from the I-M Project would be insignificant in comparison to the current use of these major roads. Brunswick road provides a direct connection to two State highways, Hwy 49 to the north and Hwy 174 to the south of the I-M Project property.

Blasting Vibrations

The prediction of blasting vibrations is a well-developed science and blasting designs will produce predictable vibration results.

The Company is confident that an economic solution for underground blasting designs at various depths and locations will result in no significant impacts. In addition, the company expects that blasting vibrations will be well below the levels considered to be distinctly perceptible by persons on surface.

Human responses to vibrations induced from blasting are related to the peak particle velocity (PPV) (intensity of motion) and the exposure time. The particle velocity is related to the distance from the source (D) and the charge weight per delay (W).

Blasting vibrations (PPV) decrease exponentially with distance and therefore distance has a large effect on vibrations resulting from blasting.21

The potential areas of blasting at the I-M Project would occur at depth and over short durations, with entire blasts typically done within seconds and only occur two or three times per day.

Modern blasting allows exceptional flexibility to reduce the charge weight per delay. If necessary, the precision of electronic detonators allows each hole of an underground blast to be on a separate delay timing and the timing of holes can be very close together, typically within 25 milliseconds. Charge weights per delay can therefore be significantly reduced versus conventional detonators.

A technical study for blasting vibrations was previously prepared for Emgold which provides useful information in regard to the potential impacts of blasting vibrations. It should be noted that Emgold planned to drive a ramp from surface and therefore would have blasted close to surface whereas Rise Gold does not anticipate any significant gold mineralization or blasting to be done above 1,000 ft below ground surface and the majority of mineralization is below 1,600 ft.

____________________

1 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.
2 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.
3 Nevada County Land Use and Development Code Section L-II 3.21 http://qcode.us/codes/nevadacounty/view.php?topic=3-ii-3-l__24&frames=on
4 Nevada County Land Use and Development Code Section L-II 3.22 http://qcode.us/codes/nevadacounty/view.php?topic=3-ii-3-l__24&frames=on
5 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.
6 Environmental Science Associates. Idaho-Maryland Mine Project, Environmental Impact Report. Oct 2008.
7 AMEC Americas Limited. Preliminary Assessment Technical Report Idaho-Maryland Mine. November 2004.
8 https://docs.wixstatic.com/ugd/6bd037_6d5eedf818f74c31a7d47dbbc1cc05ac.pdf
9 https://docs.wixstatic.com/ugd/6bd037_ab6143bb765f4aa785d9c8350ca0c542.pdf
10 https://www.epi.org/publication/updated-employment-multipliers-for-the-u-s-economy/
11 https://www.cims.cdfifund.gov/preparation/?config=config_nmtc.xml
12 https://www.bls.gov/news.release/pdf/empsit.pdf
13 https://www.census.gov/quickfacts/fact/table/US/PST045218,
14 https://www.waterboards.ca.gov/rwqcb5/board_decisions/adopted_orders/general_orders/r5-2016-0076.pdf
15 Environmental Science Associates. Idaho-Maryland Mine Project, Environmental Impact Report. Oct 2008.
16 Todd Engineers. Hydrogeologic Assessment Idaho-Maryland Mine. August 2007.
17 Clark, Jack. Gold in Quartz – The Legendary Idaho Maryland Mine. 2005.
18 https://www.northernminer.com/news/emperor-lands-grass-valley-permit/1000095829/
19 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.
20 AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017
21 Revey, Gordon. Blasting Impacts Assessment for Proposed Idaho-Maryland Mine Report. June 2006.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the technical disclosure contained in this news release.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44866

American Battery Metals Doubles Temple Mountain Property Based on Positive Geophysical Survey Results

Vancouver, British Columbia–(Newsfile Corp. – May 17, 2019) – American Battery Metals Corp. (CSE: ABC) (the “Company” of “American Battery Metals“) is pleased to announce it has significantly expanded the size of its Temple Mountain vanadium project located in Emery County, Utah, USA. The Company has doubled the size of its land package through the staking of an additional 52 new claims to the north east following the trend discovered through the recently completed geophysical survey.

The claims were staked by Carlin Trend based out of Elko, Nevada, USA, on behalf of the Company and the claims were registered with the Bureau of Land Management (BLM) on May 13th, 2019. The Temple Mountain property now encompasses 104 contiguous lode mining claims covering an area of approximately 2,150 acres or 870 hectares.

Michael Mulberry, President & CEO of American Battery Metals, commented “We are excited to have significantly expanded our prospective land position at Temple Mountain, now covering the entire trend highlighted from the geophysical survey. Having now secured a commanding land position within this highly-prospective mineralized belt, we look forward to our upcoming drill program which will test the geophysical anomalies in addition to extensions of known mineralization based on historical production.”

Additionally, the Company announces the engagement of Khaos Media Group for Investor Relations / Awareness. The Company has entered into a month-to-month agreement with Khaos for the provisions of investor relations and advertising services in consideration for US$125,000 per month.

John Walther, P.Geo., who is a Director of the Company and is a Qualified Person within the context of National Instrument 43-101, has approved the contents of this news release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6188/44860_bc377d3ab4b8bbfb_001.jpg

Figure 1: Temple Mountain Vanadium Claims

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6188/44860_bc377d3ab4b8bbfb_001full.jpg

About the Company

American Battery Metals Corp. is a junior mineral exploration company engaged in the business of acquiring, exploring and evaluating natural resource properties. The Company has an option to acquire a 50% interest in the Fish Lake property located in Esmeralda County in the state of Nevada, USA and an option to acquire a 100% interest in the Temple Mountain Vanadium Property located in Emery County, Utah, USA.

Michael Mulberry
Chief Executive Officer, President and Director
Telephone: (778) 855-5001
Email: michael@americanbatterymetals.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release.

This news release may contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur and in this news release include but are not limited to the expected results from any upcoming drill program, testing of geophysical anomalies, or the engagement of Khaos Media. timing for the. Information inferred from the interpretation of drilling and other sampling results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company’s properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company’s operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Not for dissemination in the United States or for distribution to U.S. newswire services

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44860

Relay Medical Commences Second Pharmatrac User Study and Reports on Development Activities

Toronto, Ontario–(Newsfile Corp. – May 16, 2019) – Relay Medical Corp. (CSE: RELA) (OTC: RYMDF) (FSE: EIY2) (“Relay” or the “Company“), an engine of MedTech innovation, reports on Pharmatrac development activities and the commencement of a user study on the Pharmatrac in-home countertop medication appliance.

In early February the Company reported on the Pharmatrac digital medication label hardware design following the completion of the first Relay-led user study. Following further business development, and user study analysis the Company is pleased to report on the development of a patent-pending design for an in-home countertop medication appliance. The appliance is designed to allow patients to interact with their medications without modification to their current behavior while simultaneously introducing value-add features to reduce patient and caregiver confusion around medication adherence.

The Company has commenced a second user study to test the in-home countertop medication appliance. The study has been designed to evaluate how a central appliance in the medication experience can have positive effects on adherence to treatment protocols and add value to the interaction between patient and patient’s remote caregiver.

Preliminary results from the user study demonstrate robustness of the system (i.e., the appliance and associated cloud platform) and are suggestive of a strong product-market fit.

“It is especially moving to see how our system, even in pre-commercial stages can improve the communications and relationship between caregivers and patients. The adherence issue is complex and requires a holistic though simple approach that we are delivering with the Pharmatrac system design. Medication adherence is a universal challenge; we believe the solution, too, must be universal. It must be adaptable to suit the varied needs, preferences, and habits of individual patients and the range of medication dispensing practices which vary regionally. We believe that our Pharmatrac system delivers the simplicity and flexibility necessary for broad appeal within health maintenance organizations (HMOs), pharmacy chains, and the retail consumer market, alike,” said Lahav Gil, CEO, Relay Medical Corp.

Current Pharmatrac development is focused on making the system highly configurable to support a wide variety of medication use cases with regimens ranging from one medication taken for a matter of days to over 10 medications taken indefinitely and with medication containers ranging from pill bottles, to blister packs, and ointments tubes.

Other notable development activities/initiatives include:

  1. Successful testing of a high-quality mini-speaker embedded in the digital medication label to produce audible alerts and verbal cues to encourage adherence and provide feedback;
  2. Launched a data science project to develop capabilities to predict when a patient is at risk of non-adherence and trigger digital interventions to increase likelihood of adherence;
  3. Designed the user interface of a mobile app to upload the patient’s medication protocol to the digital medication label(s), remind the patient when it is time to take their medications, and provide the patient with reports on adherence history, symptom history and medication inventory;
  4. Developed an initial release of a secure cloud platform for storage and analysis of user study results; and
  5. Developed design concepts to adapt the digital medication label for compatibility with medication blister packs

The Pharmatrac business development team continues to engage with users and purchasers of the system in Canada and internationally to capture the voice of the customer and develop trial programs with strategic partners to demonstrate market traction.

Pharmatrac Market

Medication non-adherence is a world-wide problem that costs payors and healthcare systems billions of dollars annually and puts consumers at significant risk. There is a growing need for assistance in the management of medications and for information related to adherence to improve efficiencies in the pharmaceutical ecosystem.

Prescriptions have risen by approximately 85% since 1997(1) to an estimated 4.5 billion a year in the United States and while seniors make up only 12% of the population they account for over 30% of all over-the-counter medication use(2). Individuals have a difficult time managing their medications which results in un-necessary hospital admissions, in 2014 nearly 1.3 million US citizens sought emergency room treatment for adverse drug effects and approximately 124,000 died.(1)

In North America it is estimated that patient compliance and medication adherence is less than 50%(3) which means more than half of patients/consumers are likely to improperly take or skip medications, appointments, and other treatment protocols.

Footnotes

1 Source: Consumer Reports (2017)
2 Source: APHA (2010)
3 Source: The World Health Organization (2003)

Pharmatrac System

The Pharmatrac is a UX-centric (user experience) system designed to improve management and identification of medications. The system offers sophisticated smart solutions to patients, caregivers and other stakeholders in the pharmaceutical prescription lifecycle.

The initial stage of commercialization will be the launch of the 1st generation consumer product that consists of a suite of interactive trackers and apps being developed to connect with an AI-driven analytics platform. The consumer product is being designed to integrate with current and evolving smart home systems and enables consumers and caregivers to confidently identify, track, and monitor medications by utilizing audio labels, sensors, cloud, AI and Bluetooth technology, to influence user habits.

The digital medication label is designed to communicate seamlessly with the hardware and software apps in the current product release pipeline, to create a comprehensive suite of products and services to cater to the needs of patients and care givers. The hardware and apps will enhance and simplify medication management for both patient and caregiver, as well as gathering rich data for the patient/caregiver and for the Providers and Payors. The cloud-based AI, analytics and predictive algorithms will provide unprecedented value to all stakeholders.

The 1st generation Pharmatrac is planned for commercial launch in 2020.

About Relay Medical Corp.

Relay Medical is an evolving “Integrated MedTech Accelerator” headquartered in Toronto, Canada, acquiring early-stage technologies and inventions, advancing and preparing them for pre-commercial acquisitions in the HealthTech marketplace. By integrating the funding, development and exit process into one organization led and managed by one expert team, Relay Medical is building the capacity to accelerate and transact technologies with high efficiency and grow into a leading engine for MedTech innovation in the global HealthTech marketplace.

Website: www.relaymedical.com

Contact:
W. Clark Kent
President
Relay Medical Corp.
Office. 647-872-9982 ext. 2
TF. 1-844-247-6633 ext. 2
investor.relations@relaymedical.com

Bernhard Langer
EU Investor Relations
Office. +49 (0) 177 774 2314
Email: blanger@relaymedical.com

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the commercialization plans for the HemoPalm product described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44854