The B.C. Securities Comission (BCSC) returned Blue Moon Zinc’s report with “certain deficiency comments” regarding the initial report, filed in November 2017.
Due to these deficiencies, the BCSC has called the report’s validity, and the mineral resources listed within, into question.
Blue Moon Zinc said it is “working diligently” with the report’s authors to correct the report’s deficiencies, adding that it is eagerly awaiting the release of NI 43-101 compliant figures for its Blue Moon project in Mariposa County, California.
Indicated resources for the project were previously listed at approximately 3.8 million tons with a grade of 8.3% zinc equivalent for approximately 377 million pounds of zinc, while indicates resources were gauged at 4.1 million tons with a grade of 7.8% zinc equivalent for approximately 395 million pounds of zinc.
Calyx Ventures’ option grant
Calyx Ventures will grant 2.5 million incentive stock options to directors, officers and the company’s consultants, according to the release.
These options will be exercisable at the price of $0.10 per share for a period of 12 months. This option grant is subject to the approval of the TSX Venture Exchange, however.
The software developer is currently developing a blockchain-backed Canadian Cannabis Exchange Platform which will allow Licensed Producers to access foreign and domestic markets more efficiently.
Nano One’s new CTO
Campbell said the company is at a “vital stage in its growth” and that he is looking forward to providing technical leadership so as to bring Nano One Materials’ technology to market.
Dr. Campbell has provided scientific leadership for the past three years, expanding the size of the scientific team and managing the growth of the patent portfolio. Stephen’s vision has fueled Nano One’s exciting technologies and put Nano One on the world stage. In his new role as CTO he will continue to develop collaborative relationships to support Nano One’s strategic objectives in the short, medium and long term.
Additionally, Nano One Materials’ chairman, Paul Matysek, was awarded Ernst and Young’s 2018 Entrepreneur of the Year for Mining and Resources award earlier this month.
The company is currently developing battery-tech for use in electric vehicles, an ever-increasing necessity in the face of encroaching threats due to climate change.
Full disclosure: Blue Moon Zinc, Calyx Ventures and Nano One Materials are Equity Guru marketing clients.Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.