American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) (the "Company"), doing business as RecycLiCo Battery Materials, is pleased to highlight the Company's advanced battery recycling and upcycling process's potential ability to produce less carbon-dioxide ("CO2") equivalent emissions than traditional extraction methods (i.e. mining and refining), when producing lithium hydroxide monohydrate ("LHM"). The findings were reported in the life cycle assessment ("LCA") completed by Minviro Ltd. ("Minviro"), a UK-based and globally recognized sustainability and life cycle assessment consultancy
Minviro estimates that for every kilogram of LHM being produced, the RecycLiCo process would potentially release 3.3 kg of CO2 equivalent emissions whereas traditional mining and refining would release an estimated 12.7 kg of CO2 emissions, based on industry averages. This means that on average, for every 100,000 new electric vehicle battery packs produced using LHM from the RecycLiCo process, potentially 40,570 tonnes (roughly the weight of 300 blue whales) of CO2 equivalent emissions may be avoided.1
According to Bloomberg New Energy Finance ("BNEF"), the EV battery boom has catapulted lithium prices to record levels and the world is going to need five times more lithium by the end of the decade, "…but the lithium supply chain is far from green". To meet this demand, BNEF estimates that the lithium industry needs as much as $42 billion in new investment.
The LCA report, first reported in July 2022, was an in-depth study on the RecycLiCo's lithium-ion battery waste recycling and upcycling process, assessing the Company's process against competing hydrometallurgical recycling methods and the industry average for primary extraction. The LCA considered all material and energy inputs such as scope 1, 2, and 3 CO2 emissions and was conducted in accordance with ISO-14040:2006 and ISO-14044:2006 standards, including a critical review of the LCA by independent experts.
"More investors are looking to support organizations that promote sustainability and comply with emerging climate change regulations," said Zarko Meseldzija, CTO of American Manganese. "To make these key decisions, ESG impacts have become an increasingly important part of the investment process, and those investors who value a company's assets based on ESG factors, can take comfort in LCA results completed by a professional and independent LCA consultancy under ISO-standards."
American Manganese Inc, doing business as RecycLiCo Battery Materials, is a battery materials company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and up to 100% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
Minviro is a London-based and globally recognized consultancy and technology company specializing in carrying out life cycle assessments in the technology metal space. The company provides quantitative environmental and climate impact data for mineral resource projects, battery manufacturers and OEMs to make environmentally informed decisions (www.minviro.com).
For more information, please contact: Investor Services Telephone: 778-574-4444 Email: InvestorServices@amymn.com
www.americanmanganeseinc.com www.recyclico.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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
1 Calculations are made by the Company which assumed an NMC-811 cathode chemistry and a 64-kWh electric vehicle battery pack based on data found at https://ev-database.org/cheatsheet/useable-battery-capacity-electric-car
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The global transition to clean energy is well underway, but it’s already hitting roadblocks, with more on the horizon. Demand for the batteries necessary for clean energy technologies is expected to skyrocket in the coming decades, and analysts are already questioning if supply will be able to keep up. The problem is exacerbated by supply chain issues, with China controlling 40 percent of the world’s lithium battery supply. World governments are taking action to reduce dependence on foreign supplies, but will it be enough?
Miners and battery manufacturers are setting ambitious goals to keep up with demand, but there’s another option many overlook - recycling and upcycling. Analysts project that the lithium-ion battery capacity could reach 5,500 gigawatt-hour by 2030, up five-fold from 2021. Every watt-hour will eventually need recycling, whether right away or at the end of its life. The U.S. even includes battery recycling within its National Blueprint for Lithium Batteries as it strengthens the entire domestic supply chain. Innovative recycling technologies are emerging to feed end-of-life batteries and production waste back into the manufacturing process, creating new opportunities for investors to capitalize on the electrification revolution.
The conventional supply chain for battery metals is complex, requires significant global transportation, and is linearly dependent on new raw materials. RecycLiCo’s technology sidesteps this complex supply chain by processing production scrap and end-of-life batteries to provide the high value and specifically engineer materials manufacturers require, closing the supply chain loop. The RecycLiCo™ Patented Process requires minimal processing steps and provides over 99% extraction of lithium, cobalt, nickel, and manganese.
RecycLiCo is now working towards completing the testing of its demonstration plant that was designed with a 500kg/day processing capacity of waste battery materials. The demonstration plant is intended to test scaled-up operating conditions to achieve optimum process configuration and commercial plant design. The company’s business model is to license and joint venture its technology with strategic partners that can co-locate the recycling technology alongside the manufacturer’s facility, eliminating the need for additional transportation.
RecycLiCo Demonstration Plant in Greater Vancouver, Canada
The company recently achieved 163% of the demonstration plant’s designed processing capacity of 500 kg/day for lithium-ion battery cathode scrap. Additionally, its recycling technology has undergone a Life Cycle Assessment conducted in accordance with ISO standards and critically reviewed by independent experts. The results indicate a dramatic reduction in global warming potential, demonstrating a 166 percent variance over competing hydrometallurgical methods.
RecycLiCo is led by a strong management team and advisory board with extensive experience in the natural resources industry, process development projects and international finance. The impressive roster of leaders and advisors creates additional confidence in the company’s ability to develop and commercialize its transformative technology fully.
Lithium-ion battery production has up to a 10 percent scrap rate. These scraps contain valuable critical metals and represent a significant loss to manufacturers. Additionally, end-of-life batteries undergo mechanical size reduction and become black mass. The RecycLiCo™ Patented Process recycles and upcycles both production scrap and black mass for reintegration into the manufacturing process.
Larry Reaugh has 55+ years of experience in the mining industry, and for the past thirty-seven years, he has been the CEO and President of several exploration, development and production companies, including 12 years in internet and technology breakthroughs listed on the TSX, TSX Venture and NASDAQ exchanges. Several of his companies have made significant discoveries, three of which (gold/silver) went on to be producing mines. Reaugh founded American Manganese Inc. in 1998 and has served as its President and CEO since that time. Throughout his career, Reaugh has raised in excess of $300 million.
Zarko Meseldzija has a range of industry experience with a deep insight in project management, process development projects, and circular economy strategies. Zarko holds a BSc. in Mining Engineering from the University of Alberta and obtained his MBA from the Beedie School of Business.
Andris Kikauka is a graduate of Brock University, St. Catharines, Ont., with an Honours Bachelor of Science Degree in Geological Sciences, 1980. He is a member of the Geological Association of Canada. He is registered in the Province of British Columbia as a Professional Geoscientist. Kikauka has practiced his profession for thirty-five years in precious and base metal exploration in the Cordilllera of Western Canada, working for Anaconda Canada Exploration (1980-1984), Skyline Explorations, Inel Resources, Gulf International Minerals (1985-1989), in South America working for Carson Gold (1990), in Mexico and Guatemala working mineral exploration projects for Francisco Gold and Almaden Minerals (1996-2006) and for three years in uranium exploration in the Canadian Shield working for Rayrock Mines and Uran-Canada (1977-1979).
Edward Skoda obtained a Diploma in Mining Engineering Technology from the Haileybury School of Mines in Ontario in 1971 and a Diploma in Business Management from the British Columbia Institute of Technology in 1979. Skoda has over 30 years of experience in the mining industry, in which time he has worked on many national and international projects. During the past 15 years, Skoda has worked as a consultant and in a supervisory capacity as a shift boss, superintendent, or project manager for various mining and exploration companies. Based out of Guadalajara, Jalisco, Ed oversees all Mexico operations for SJ Geophysics Ltd.
Paul Hildebrand is Associate Counsel at Lidstone & Company. He is the head of the law firm’s Litigation Department. He won the Gold Medal in law at the University of British Columbia in 1980. Hildebrand has a Doctorate in Economics in addition to his Law Degree and Master of Science degree in mathematics. For nearly 29 years, Hildebrand has practiced law in the area of complex litigation, including a 12-year stint with McAlpine & Company, one of the leading complex litigation firms in Canada. He is responsible for the conduct of our local government clients’ litigation matters, including defense of claims, insurance matters, suing other parties, injunctions, appeals, and other litigation-related matters. He also has expertise in regard to arbitration, mediation and conciliation. He has done securities work, including financings for public and private companies and real estate transactions.
Shaheem Ali is a finance and business management professional with 10 years of experience in operations management, full cycle accounting, systems development, and people management. Proven record of implementing financial and operational processes, reducing operations costs, and improved internal controls with Alderwoods Group Inc., where his experience includes governance and regulatory fund compliance with various states.
Teresa Piorun has been with the Reaugh Group of Companies for thirty years. Ms. Piorun is a senior corporate officer with wide-ranging responsibilities, serving as a focal point for communication with the board of directors, senior management, and the company’s shareholders, and she occupies a key role in the administration of critical corporate matters. She is the confidant and advisor to the CEO and other members of senior management, particularly on corporate governance affairs.
Rudat has an illustrious background and reputation in the electric vehicle (EV) industry. He has spent 10 years working under Elon Musk, CEO of Tesla, where he helped launch Models S, 3, X and Roadster in Europe. Rudat was hired by Elon Musk to build a sales and marketing force in Europe that grew to nearly 300 employees during his tenure. Before Tesla, Rudat worked for several prominent car manufacturers such as BMW, Kia and Porsche. Most recently, he served as Chief Sales Officer at Italian luxury carmaker Automobili Pininfarina to launch its electric hypercar, Battista. Moreover, Rudat is the founder of Electric Ventures and a consultancy service focused on investments in sustainable transport.
As announced by New York Governor Andrew M. Cuomo on October 4, 2017, Dr. Upreti will lead an initiative to establish a lithium-ion battery giga-factory in New York.
Upreti is a well-respected lithium-ion technology expert and inventor of multiple breakthrough technologies. An IIT Delhi graduate, Upreti has worked closely with Professor Stan Whittingham in the past and holds multiple US patents and their foreign equivalents in more than 30 countries. In addition to his technical degree, he has a second master's in international business management in combination with extensive experience as an entrepreneur. Upreti has successfully brought more than 5 different technologies to market, including one in the material recycling space. His 16 years of extensive experience include bringing new products to market, business development, lithium-ion supply chain & industry networking, downstream processing, and investigating organizational performance gaps. He is well integrated into the global battery industry and serves on various advisory boards. Upreti is particularly adept in defining corporate commercial objectives, business support programs, and achieving organizational goals while bringing new technology to market.
Kurt Lageschulte is a Partner and Senior Analyst at Broadbill Investment Partners, LLC in New York. Broadbill Partners is an investment firm with offices in New York, Florida and California and currently has $130 million of assets under management across four managed funds. Lageschulte is a founding partner at Broadbill and was previously employed as a Senior Analyst with Aspen Advisors from 2002 to 2010. Lageschulte has worked as an advisor and active member of a number of committees. Most recently, he has advised the Special Committee of the Penn Treaty American Company board in a complex negotiation with industry regulators. His experience in the energy, renewable and mining industries, coupled with significant expertise in the capital markets, will enable him and the Broadbill team to help American Manganese in the reaching of its goals in the coming years.
David Langtry has been a businessman since 1964, when he joined Langtry Agencies, a company that expanded nationally to become Langtry Industries and was sold in 2011 to ITOCHU, a Japanese conglomerate specializing in commodities. Langtry currently owns and operates Raider Hansen Inc., an industrial supplies company having 10 locations throughout British Columbia, as well as GRE Manufacturing, a glass recycling company. He also holds 10 worldwide patents. Langtry has a lifetime of experience in technology and financial markets.
Daniel McGroarty has consulted for nearly two decades with firms in the resource sector, with a focus on strategic and critical metals. He is the principal of the non-profit American Resource Policy Network; a resource development think tank. He has served as a critical materials subject-matter expert for the U.S. GAO; testified before the energy and natural resource committees of the U.S. House and Senate; consulted for the Institutes for Defense Analyses, which provides research and analytical work to the U.S. Department of Defense for its National Defense Stockpile reports; and currently serves as Adjunct Professor at The George Washington University Graduate School of Political Management. Prior to establishing his consultancy, he served as Special Assistant to the President in the White House and as a presidential appointee to two Secretaries of Defense.
Jim comes from a career of 40+ years in the Specialty Tool and Fastener Industry. He has held management positions in patented product development, including Powder Actuated Fasteners, Adhesives, and Coatings. Additionally, he has worked domestically and internationally in the development of Concrete Anchoring Systems, leading to successful market introductions. These introductions were attained through independent product testing to meet strict industry codes and final evaluation agency approvals. At Hilti, Inc. he achieved the highest level of sales locally, regionally and nationally. He was awarded multi-million-dollar sales club recognition for his work with a previously poor-performing territory, and was recognized multiple times as a President Club’s winner at national conventions, having set regional and national sales records annually. Hahn received a special award from ITW Corporation for the development of a national training program for certain industrial products. He was a founding member of the Concrete Anchoring Manufacturing Association in 1996. Last but not least, he was a PGA professional golfer after he graduated from college, where he earned an AA degree in Applied Marketing and a BA in Business Administration.
American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("Company"), doing business as RecycLiCo Battery Materials, a pioneer in advanced lithium-ion battery recycling and upcycling, and its R&D partner Kemetco Research Inc. ("Kemetco") are pleased to announce that the Company has achieved over 99% lithium recovery from LFP (lithium iron phosphate) battery cathode materials during bench-scale tests
Since 2016, the Company has facilitated up to 100% extraction of valuable battery materials from nickel-rich ("NMC"), manganese-rich ("LMO"), cobalt-rich ("LCO"), and now LFP cathode chemistries. These battery cathode chemistries all contain lithium, which has seen more than a 350% increase in price year-over-year. According to Benchmark Mineral Intelligence, China's forecasted share of LFP cathode production in 2022 is 99%, while UBS analysts recently raised their outlook of the global LFP battery market share to 40% by 2030.
To capture a domestic and comprehensive battery recycling market share in the near-term and long-term, the Company has continued to anchor its position as an innovation-driven company that aims to provide a robust and complete solution for various lithium-ion battery chemistries.
"Despite the changing composition and exclusion of nickel, manganese, and cobalt in the cathode-lithium remains a core element in the lithium-ion battery and a significant value driver for efficient and environmentally friendly recycling processes that can achieve high-extraction of lithium," commented Zarko Meseldzija, CTO of American Manganese. "I believe we have a lot of momentum going our way with the ongoing demonstration plant project testing scaled-up operating conditions of our process in addition to our continuous innovation in several battery recycling-related topics."
The Company's growth plan is to work with potential strategic partners, such as the battery, electric vehicle, and cathode manufacturers, to integrate the Company's patented technology under a licensing and joint development business model.
American Manganese Inc, doing business as RecycLiCo Battery Materials, is a battery materials company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and up to 100% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
Kemetco Research is a private sector integrated science, technology, and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it can offer a broader range of backgrounds and expertise than most laboratories.
American Manganese Inc. Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: lreaugh@amymn.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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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American Manganese Inc ("Company"), (TSXV:AMY)(OTCQB:AMYZF)(FRA:2AM), doing business as RecycLiCo Battery Materials, a pioneer in advanced lithium-ion battery recycling and upcycling, and its R&D partner Kemetco Research Inc. ("Kemetco") is pleased to announce that the leach section of its technology defining demonstration plant project has achieved 163% of the demonstration plant's designed processing capacity of 500 kgday for lithium-ion battery cathode scraps
The RecycLiCo™ demonstration plant testing schedule consists of an organized approach that evaluates individual processing steps with scaled up equipment and different commercially available lithium-ion battery waste feed material in comparison to the laboratory and pilot plant scale tests. In the instance of the demonstration plant's leaching stage, the increase in processing capacity can be attributed to the effectiveness of the company's patented process, equipment selection, and operational expertise. The optimized processing parameters that exceeded calculated expectations will be used as data points for the upcoming commercial plant design.
"Within the same demonstration plant footprint, we continue to redefine our patented process's capabilities that could translate into improved economics, environmental benefits, and plant size requirements when evaluating our commercialization strategy," said Zarko Meseldzija, CTO of American Manganese. "I'm excited by the continued possibilities and added value of the RecycLiCo process as we continue to test, de-risk, and optimize the demonstration plant project."
The Company will continue to report its progress throughout the staged tests of the demonstration plant.
American Manganese Inc, doing business as RecycLiCo Battery Materials, is a battery materials company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and up to 100% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
Kemetco Research is a private sector integrated science, technology, and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it can offer a broader range of backgrounds and expertise than most laboratories.
American Manganese Inc. Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: lreaugh@amymn.com
www.americanmanganeseinc.com www.recyclico.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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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American Manganese Inc ("Company"), (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) doing business as RecycLiCo Battery Materials, a pioneer in advanced lithium-ion battery recycling and upcycling, is pleased to announce that it is receiving advisory services and funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support a feasibility study to target the removal of fluoride from black mass containing high concentrations of fluoride
When a lithium-ion battery reaches its end-of-life, the battery undergoes a mechanical pre-treatment method that produces a black mass material containing lithium, nickel, manganese, cobalt, and unwanted impurities such as fluoride. These impurities can cause significant corrosion and contamination issues in the downstream hydrometallurgical processing steps.
As a result of analyzing and testing multiple third-party black mass samples, the Company identified some black mass containing a high concentration of fluoride. With advisory services and funding support from NRC IRAP, the Company will test the feasibility of available techniques to reduce fluoride contamination to a consistent level that could enable a streamlined integration of black mass feedstock from multiple battery pre-treatment methods into the company's downstream hydrometallurgical process.
"Innovation is at our core, and our goal is to stay ahead of the curve and offer the most advanced lithium-ion battery recycling and upcycling technology. We are thankful to NRC IRAP for its advisory services and funding support that enables our company to optimize our technology further," said Larry Reaugh, President and CEO of American Manganese. "As we continue to collaborate with potential strategic partners in testing black mass materials that are representative of commercial feedstock material, we identify opportunities to build a moat around our core battery recycling technology that strengthens our value proposition."
American Manganese Inc, doing business as RecycLiCo Battery Materials, is a battery materials company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and up to 100% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
American Manganese Inc. Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: lreaugh@amymn.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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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LCA was Conducted in Accordance with ISO Standards and Critically Reviewed by Independent Experts
American Manganese Inc (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("Company"), doing business as RecycLiCo Battery Materials, is pleased to announce the results of a life cycle assessment (LCA) completed by Minviro Ltd. ("Minviro"), a UK-based and globally recognized sustainability and life cycle assessment consultancy, on the Company's lithium-ion battery recycling-upcycling process
An LCA is a standardized, scientific method for quantifying the direct and embodied environmental impacts associated with a particular product or process. By considering all material and energy inputs such as scope 1, 2 and 3 CO2 emissions. The LCA was conducted in accordance with ISO-14040:2006 and ISO-14044:2006 standards and a critical review was conducted on the LCA by independent experts. The LCA was carried out with a combination of data provided by RecycLiCo and public databases.
The report assesses the Company's process against competing hydrometallurgical recycling methods, on the basis of producing one kilogram of NMC precursor material, as follows:
"Global Warming Potential" refers to the potential CO2 equivalent emissions made by a particular recycling method, in producing one kilogram of NMC precursor material. As shown in the table, competing hydrometallurgical recycling methods will likely produce 166% more CO2 equivalent emissions when compared to the RecycLiCo process. To put this into context, such a variance is about the same as 17,000 tons of CO2 per GWh of NMC battery material recycled, which is roughly equivalent to the amount of emissions made by 3,700 vehicles in a year on average.1
Minviro also found that the RecycLiCo process, when compared against the industry average for primary extraction methods (i.e. mining), results in a 35% reduction in CO2 equivalent emissions for NMC precursor production and a 74% reduction for lithium hydroxide production.
"I am pleased to report that the LCA results confirm RecycLiCo's lower environmental impact to produce NMC precursor and lithium hydroxide, when compared to primary raw material extraction methods or competing hydrometallurgical recycling," said Larry Reaugh, the Company's President and CEO. "To collectively achieve true decarbonization as an industry, we must not cut corners at any stage of the lithium-ion battery supply chain and should instead recognize the most efficient and environmentally friendly technologies as an industry benchmark."
Minviro is a London-based and globally recognized consultancy and technology company specializing in carrying out life cycle assessments in the technology metal space. The company provides quantitative environmental and climate impact data for mineral resource projects, battery manufacturers and OEMs to make environmentally informed decisions (www.minviro.com).
American Manganese Inc, doing business as RecycLiCo Battery Materials, is a battery materials company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
On behalf of Management American Manganese Inc.
Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: lreaugh@amymn.com
www.americanmanganeseinc.com www.recyclico.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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
1 Calculations are made by the Company and based on statistics found at https://www.epa.gov/greenvehicles/greenhouse-gas-emissions-typical-passenger-vehicle
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American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company"), a pioneer in advanced and environmentally friendly lithium-ion battery cathode recycling-upcycling, is pleased to provide an update on its technology and partnership development strategy
American Manganese has produced and delivered NMC-811 (nickel manganese cobalt oxide) cathode precursor material samples to its active third-party collaborators in North America, Europe, and Asia. The feedstock material for the cathode precursor was black mass originating from waste electric vehicle batteries.
The cathode precursor is a high-value and specifically engineered material that commonly contains nickel, cobalt, and manganese, which turns into a cathode with the addition of lithium. The cathode precursor material will be independently analyzed and built into battery cells to benchmark against cathode precursors from virgin mined materials. AMY's internal analysis indicates that the cathode precursor specifications are within desired industry ranges.
"We are maintaining an active collaboration with players in the growing battery industry with our continuous lab-scale research, while we work in parallel to prepare our demonstration plant for scaled-up and continuous operation," said Larry Reaugh, President and CEO of American Manganese. "We believe our lithium-ion battery recycling and upcycling technology enables a circular solution for the battery supply chain, and we aim to strengthen our relationship with the various collaborators."
NMC-811 Precursor Cathode Active Material from Recycled Battery Waste
American Manganese Inc. is a critical metals company focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
American Manganese Inc. Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: lreaugh@amymn.com
www.americanmanganeseinc.com www.recyclico.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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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TSXV: JK OTCQB: JKHCF FRA: 68Z
Having Surpassed $14 Million in Total Revenue in Fiscal 2022 so far, the Company is Focusing on Widening Margins, Eliminating Excess Costs and Optimizing Operations
Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) an operator of ghost kitchens specializing in the development of delivery-only food brands, announces that it has filed its unaudited financial results for the third fiscal quarter ending June 30, 2022 the highlights of which are included in this news release. The full set of Condensed Consolidated Interim Financial Statements and Management Discussion and Analysis can be viewed by visiting the Company's website at en.JustKitchen.com or its profile page on SEDAR at www.sedar.com .
"JustKitchen continues to serve more food to a growing number of on-the-go consumers across Asia . Cresting $14 million dollars in total revenue for the first nine months of fiscal 2022 is a testament to customers valuing the convenience of service, taste of our meals and appeal of our brands," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen.
"Reaching this point in the maturation of our company has been exciting. We are now ready to shift our focus to widening margins, eliminating excess costs and optimizing operations through specific technologies, as we have recently announced. Since revenue growth has been proven out, we expect to make significant margin improvements though a multi-pronged expense reduction plan without impacting revenues. Already, in July we achieved location-level profitability in Taiwan and the Philippines . Therefore, we expect the impact of the cost-saving measures to be more pronounced in the end of year financial statements," added Mr. Chen.
Summary of Key Financial Measures
The following is a reconciliation of Adjusted EBITDA to Income (Loss) from Operations:
Adjusted EBITDA is a financial measure that does not have a standardized meaning under IFRS. Adjusted EBITDA is defined as earnings before interest expense, depreciation, amortization, and stock-based compensation. As there is no standardized method of calculating Adjusted EBITDA, it may not be directly comparable with similarly titled measures used by other companies. The Company considers Adjusted EBITDA to be a relevant indicator for measuring trends in performance and its ability to generate funds to service its debt and to meet its future working capital and capital expenditure requirements. Adjusted EBITDA is not a generally accepted earnings measure and should not be considered in isolation or as an alternative to net income (loss), cash flows or other measures of performance prepared in accordance with IFRS.
As of the date of the MD&A, the Company reports the following key location and brand statistics:
The Company has been focused on expanding rapidly within the Asian market since its inception and has incurred certain expenses in conjunction with these expansion efforts. This strategy has resulted in the Company building an efficient and sustainable ghost kitchen operational model which it is now applying to its expansion strategy within Southeast Asia . The Company believes Southeast Asia is the largest and most economically addressable market for a ghost kitchen operator, based on key factors including current and forecasted demand, higher population densities relative to alternative markets, and lower operating costs compared to alternative markets.
Moving forward, JustKitchen is focused on sustainable growth. As such, the Company is aggressively reducing its expenditures while incrementally increasing revenue to reach profitability. The Company plans to implement several key strategies to reduce Capex and Opex and improve margins including:
Just Kitchen Holdings Corp. (the " Company " or " Just Kitchen ") is primarily an operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers and businesses. The Company currently operates in Taiwan , Hong Kong , the Philippines and Malaysia . It has also signed an agreement that will allow JustKitchen to sell several of its proprietary food brands in Japan and it has also signed a brand swap agreement in India . Where appropriate, JustKitchen utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering via its proprietary mobile food ordering app and other third-party ordering apps. Delivery is fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.JustKitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding focusing on widening margins, eliminating excess costs and optimizing operations through specific technologies; serving more food to a growing number of on-the-go consumers across Asia ; expecting to make significant margin improvements though a multi-pronged expense reduction plan without impacting revenues; and expecting the impact of the cost-saving measures to be more pronounced in the end of year financial statements. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
SOURCE Just Kitchen Holdings Corp.
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Premier Health of America Inc. (TSXV: PHA ) (the " Corporation "), a leading Canadian Healthtech company, announces it has filed its Condensed Interim Consolidated Financial Statements and Management Discussion and Analysis for its third quarter ended June 30, 2022.
"We perceive divergences in provincial healthcare policies and management strategies and see geographical diversification as an important element of stability and organic growth," said Martin Legault, CEO of Premier Health. "We believe our recent investments in management and technology infrastructures will facilitate integration and leverage operations in other provinces."
During the third quarter our Premier Soin business unit's revenue remained stable while Code Bleu's business unit revenues decreased by 5.7%. The decrease in revenue at Code Bleu was mainly due to a temporary shift in the business mix during the quarter as well as absenteeism, a situation previously experienced by Premier Soin in the second quarter. Medical personnel are in recuperation mode and we expect a soft summer in terms of hours billed. This exodus of burnt-out health care workers has led to a surge in temporary closure of emergency rooms in Quebec and Ontario. Realisation of this situation by health care authorities and decision makers in Quebec has led to the government dropping some of the restrictions imposed by the ministerial orders in 7 regions of Quebec, and special measures in Ontario as well. Mandatory overtime is also targeted by nurse associations and unions as a major cause of frustration for the healthcare personnel. Taking all this into consideration, we expect an eventual stabilization in hours billed in urban centers, but little headway will be achieved before the fall provincial elections. Our northern regions business units performed in line with our expectations. Since the start of the fiscal year Premier Health Nordik signed contractual arrangements with eleven hospitals, mainly in Northern Ontario and we anticipate a positive impact of these contracts on the revenues before year-end.
Acquisition of Canadian Health Care Agency
We completed our first important acquisition outside of the province of Quebec on April 19. Canadian Health Care Agency is based in Cambridge, Ontario, and provides services in Northern Ontario, Nunavut and Northern Manitoba. The acquisition of CHCA starts our expansion outside of the province of Quebec and consolidates our market position in Canada's northern regions. CHCA currently has over 200 active and specially trained Registered Nurses and Nurse Practitioners in its organization. The Cambridge based agency provides us with a good management infrastructure in Ontario that will serve as a base to continue our expansion in this province. This is a strategy we are expecting to follow in other provinces as well. We anticipate over 25% of our revenues to be generated outside of Quebec going forward.
Premier Health is a leading Canadian Healthtech company that provides a comprehensive range of outsourced services solutions for healthcare needs to governments, corporations, and individuals. Premier Health uses its proprietary PSweb platform to lead the healthcare services sector digital transformation to provide patients with faster, cheaper and more accessible care services.
Adjusted EBITDA is a non-IFRS financial measure and is defined as net earnings (loss) before finance costs, income tax expense or benefit, and depreciation and amortization, adjusted for share-based compensation, changes in fair value of share warrant obligations, foreign exchange (gain) loss and other non-recurring expenses.
For Further Information Please Contact:
Mr. Jean-Robert Pronovost Vice-President, Corporate Development Premier Health of America Inc. jrpronovost@premierhealth.ca / 1 800 231 9916
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This press release contains forward-looking information based on current expectations. Statements about the date of trading of the Corporation's common shares on the Exchange and final regulatory approvals, among others, are forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. The Corporation assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. These factors and others are more fully discussed in the filings of the Corporation with Canadian securities regulatory authorities available at www.sedar.com.
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~Monfort delivers record Q2 revenue and record net comprehensive income; also recently completes acquisition of Brightpath Capital~
Montfort Capital Corporation ("Montfort" or the "Company") (TSXV: MONT) (OTCQB: MONTF), a leading innovator of technology in private credit, is pleased to report consolidated interim financial results for the second quarter ended June 30, 2022 . All figures are reported in Canadian dollars unless otherwise noted.
For the three months ended June 30, 2022 , the Company had the following highlights:
"With record revenue and record net comprehensive income we continue to see opportunities to fund strong organic growth in our technology and asset backed businesses," said Mike Walkinshaw , CEO of Montfort Capital Corporation. "Having recently announced the completion of our acquisition of Brightpath Capital, one of Canada's leading private providers of residential mortgages, we look to leverage the technical strength of our loan origination platform and the expertise of our personnel to expand into additional market verticals."
"The general market backdrop and related uncertainty has created opportunities for capital providers that can think outside the box and bring creative financing solutions,'' added Walkinshaw. "Given this backdrop, I remain positive about the continued growth in private credit and feel that we have the right team and processes in place to successfully execute on our business strategy."
The Company utilizes a proprietary loan origination platform to originate, underwrite and service private-market, high-yield loan opportunities through two operating divisions: TIMIA Capital technology lending which offers revenue-based investment to fast growing, business-to-business Software-as-a-Service (or SaaS) businesses in North America , and Pivot Financial which specializes in asset-backed private credit targeting mid-market borrowers in Canada .
TIMIA technology loan portfolio includes 29 unique deals with current disbursements extended under those facilities totaling $46.0 million . During the second quarter 2022 TIMIA continued to expand its loan portfolio completing 2 new and 7 follow-on loan transactions, disbursing funds of $18 million .
Loans on Pivot's balance sheet include 14 unique deals with a value of $80.2 million . The most significant investment was a loan due from a related party in the amount of $60.5 million .
Total consolidated revenue for the three months ended June 30, 2022 , increased $3.2 million or 174% to $5.3 million from $1.8 million in the three months ended May 31, 2021 .
Interest income for the 3 months ended June 30, 2022 , was $3.7 million compared to $1.2 million in the three months ended May 31, 2021 ; income from transaction and other fees was $0.6 million in the second quarter 2022 compared to $0.1 million in the prior fiscal quarter; income from the settlement of loans and performance fee income was $0.8 million versus $0.5 million in the prior period, resulting in total revenue of $5.3 million .
During the second quarter ended June 30, 2022 , TIMIA benefited from increased payments (combined principal and interest) as a result of the continued revenue growth of its underlying portfolio and the acquisition of Pivot in the third quarter of 2021.
Total expenses for the 3 months ended June 30, 2022 , were $3.6 million compared with $0.9 million for the prior year. The majority of the increase in total expenses is due to additional headcount, interest expense related to the loans payable, and other related fees attributable to the acquisition of Pivot.
During the three months ended June 30, 2022 , the Company posted net income of $1.4 million compared with $0.6 million for the three months ended May 31, 2021 .
As posted in the Company's MD&A, please see the table below reflecting the progression of the attribution of income (loss) between the shareholders of the Company and non-controlling interests over the last eight quarters.
As at June 30, 2022 , the Company's cash balance was $3.4 million and working capital was negative $20.3 million compared to $9.3 million and $1.8 million respectively as at December 31, 2021 .
This news release is qualified in its entirety by the Company's financial statements for the three months ended June 30, 2022 and for the three months ended May 31, 2021 , and the associated Management's Discussion & Analysis respecting the same periods, which can be downloaded from the Company's profile on SEDAR at http://www.sedar.com.
Montfort manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee related performance. Montfort facilitates transparency for all of its investors through public company reporting. For further information, please visit www.montfortcapital.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 news release.
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting the future growth of the Company, the Company's future financial performance and the completion of the Company's previously announced acquisitions.
Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the following assumptions: that the Company and its investee companies are able to meet their respective future objectives and priorities, assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company; assumptions regarding the Company's ability to complete its previously announced acquisitions on terms favourable to the Company.
Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Montfort's business. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to: the conditions of the proposed acquisitions not being satisfied; that the Company's proposed acquisitions will not be completed; that the targets of the Company's proposed acquisitions will not achieve their growth and profitability objectives; the Company having insufficient financial resources to achieve complete the proposed transaction and achieve its objectives; intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Montfort has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Montfort . Accordingly, readers should not place undue reliance on forward-looking statements. Montfort undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.
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TSXV: JK OTCQB: JKHCF FRA: 68Z
The Company's New Brands were Created to Help Meet the Current High Level of Demand for Hot Pot and Pizza Cuisines Across Taiwan
Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z), a technology-focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce the launch of two new proprietary food brands in Taiwan including C'mon Eat Mini Hot Pot ( "C'mon Eat" ) and Pizza Central NY Style ( "Pizza Central" ). Pizza Central was launched in mid-June as the Company's first pizza brand, while C'mon Eat was launched in late June.
C'mon Eat offers delivery-only consumers hot pot-based menu items, which are highly popular with over 10,000 outlets serving this type of cuisine in Taiwan . JustKitchen has launched C'mon Eat with a base of Shacha, Japanese and Kimchi soups and a variety of hot pot fillings based on popular public preferences. The new brand is available for order on the JustKitchen app as well as on the Ubereats and Foodpanda platforms. Taiwan's food market is the fifth highest per capita spending on food products and is worth over US$43 billion . 1
Pizza Central is a first-of-its-kind virtual pizza brand for the Company. Over time, Taiwanese consumers have shifted to more varied diets, include an increase in the consumption of western-style foods like pizza. 1 Throughout the COVID-19 pandemic, sales of pizza reached an all-time high in Taiwan . Based on the significant trend, JustKitchen created the virtual brand that can now be accessed by pizza lovers across conveniently via mobile applications. The Pizza Central menu consists of traditional pizzas such as margherita, pepperoni, and cheese, as well as a Taiwanese-inspired pizza called the Konglo. Pizza Central has also been created with families and their children in mind.
"We are excited about both of the C'mon Eat and Pizza Central brands that we recently launched, because they were created based on strong consumer trends but with a JustKitchen twist. Through these innovative menus, we continue to provide customers with high quality food at a fair price via our unique operating model," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "It's satisfying to have launched a brand that is the first of its kind for JustKitchen like Pizza Central. We love a challenge, and I'm proud of our team for rising to the occasion and achieving this goal," added Mr. Chen.
JustKitchen is primarily a technology-focused and enabled operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan , Singapore and Hong Kong with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding meeting the current high level of demand for hot pot and pizza cuisines across Taiwan . These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
SOURCE Just Kitchen Holdings Corp.
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About Lake Resources NL: Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost. This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.
Contact: For media queries, please contact: Nigel Kassulke at Teneo M: +61-407-904-874 E: Nigel.Kassulke@teneo.com
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August 19th, 2022 TheNewswire - Vancouver, BC Quizam Media Corporation ("the Company") (C SE :QQ) ( OTC :QQQFF) is pleased to announce that the 4,000,000 Unit PP @ $0.05 is now closed .
The Unit Private Placement consists of 4,000,000 units of the Company at a price of $0.05 per unit. Each unit will consist of one common share and a ½ share purchase warrant exercisable at $0.10 for 24 months.
Subscription details are as follows: 7 Placees;
Insider Blueskyview Software Corp. (Russ Rossi CEO) – 800,000 units;
Shares and warrants issued as a result of this Private Placement will be subject to a four month hold period expiring December 23rd, 2022.
About ontracktv and Quantum1 Cannabis
Quizam Media Corporation owns Quizam Entertainment, On-Track Corp. Training, OnTrackTV and Quantum 1 Cannabis. Through its wholly owned subsidiaries it is a producer, aggregator, marketer and broadcaster of movie entertainment and Online Virtual Learning. In addition, Quizam owns and operates a chain of BC Cannabis Dispensaries under the name Quantum1 (www.quantum1cannabis.com)
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This
news release may contain forward-looking statements including but not limited to comments regarding the timing and nature of
potential acquisitions, joint ventures, partnerships, business dealings and financings, etc. Forward-looking statements address future
events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
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