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Meryllion Resources to Exercise Tasmanian Project Option

Meryllion Resources to Exercise Tasmanian Project Option

Meryllion Resources 將行使塔斯馬尼亞項目期權
newsfile ·  01/15 21:24

Vancouver, British Columbia--(Newsfile Corp. - January 15, 2024) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Company") is pleased to announce that it intends to exercise its previously announced option in respect of the rare earth exploration leases held by Tasmania Strategic Green Metals Pty Ltd. ("TSGM") and Westbury Resources Pty Ltd. ("Westbury") in Tasmania (the "Project"). The option agreement originally required an initial cash payment of AUD$125,000 (CAD$ 112,500) to TSGM/Westbury. Pursuant to varied terms, the Company will now make an initial payment to TSGM and Westbury in the aggregate amount of AUD$200,000 (CAD$180,000) by way of issuance of a total of 4,186,046 common shares at a deemed issue price of $0.043 per share (the "Initial Shares").

不列顛哥倫比亞省溫哥華--(Newsfile Corp.,2024 年 1 月 15 日)-Meryllion Resources Corporation(CSE:MYRMeryllion“或者”公司“)很高興地宣佈,它打算行使先前宣佈的對塔斯馬尼亞戰略綠色金屬私人有限公司持有的稀土勘探租約的期權(”TSGM“) 和韋斯特伯裏資源有限公司 (”韋斯特伯裏“) 在塔斯馬尼亞(”項目“)。期權協議最初要求向TSGM/Westbury支付12.5萬澳元(合112,500加元)的初始現金。根據不同的條款,公司現在將以每股0.043美元的認定發行價發行總額爲4,186,046股普通股,向TSGM和Westbury支付總額爲20萬澳元(合18萬加元)的首期付款(”初始股份“)。

Meryllion CEO, Richard Revelins, commented, "Meryllion is very fortunate to have extremely supportive, cooperative, and hands-on partners in TSGM and Westbury. The election by our partners to take their option consideration in the form of shares, rather than cash, shows their belief in the Project and the highly undervalued nature of Meryllion's shares. We are working closely with Ian Neilson and his exploration team to get into the field as soon as possible and start to generate some exploration success. We have also been working closely with our independent experts to complete an N1 43-101 report in relation to the project and anticipate that the report will be available for release within the next two weeks."

Meryllion 首席執行官 Richard Revelins 評論道,”Meryllion很幸運能在TSGM和Westbury擁有極強的支持、合作和親身實踐的合作伙伴。我們的合作伙伴選擇以股票而不是現金的形式進行期權對價,這表明他們對該項目的信心以及Meryllion股票被高度低估的性質。我們正在與伊恩·尼爾森及其勘探團隊密切合作,以儘快進入該領域,並開始取得一些勘探成功。我們還一直在與我們的獨立專家密切合作,以完成與該項目相關的N1 43-101報告,並預計該報告將在未來兩週內發佈。

Once the Initial Shares have been allotted, Meryllion will have the right, but not the obligation, to earn a 50% interest in and to the Project by (i) spending a minimum of AUD$300,000 (CAD$270,000) in project expenditures forming part of an agreed initial exploration program within 180 days of the date on which Meryllion exercises the option; (ii) committing to spending an additional AUD$200,000 (CAD$180,000) in project expenditures within the subsequent 90 days (the "Earn-In Date"); (iii) paying to TSGM the sum of AUD$100,000 (CAD$90,000) which amount shall be refunded by TSGM to certain seed investors of TSGM; and (iv) subject to usual regulatory approvals, allotting to said seed investors an aggregate of AUD$100,000 (CAD$90,000) worth of common shares in the capital stock of the Company.

初始股份分配後,Meryllion將有權但沒有義務通過以下方式獲得該項目50%的權益:(i)在Meryllion行使期權之日起的180天內,將至少30萬澳元(合270,000加元)的項目支出作爲商定的初始勘探計劃的一部分;(ii)承諾在項目上額外支出20萬澳元(合180,000加元)隨後 90 天內的支出(”盈利日期“); (iii) 向TSGM支付10萬澳元(合90,000加元)的款項,這筆款項將由TSGM退還給TSGM的某些種子投資者;(iv)須獲得監管部門的通常批准,向上述種子投資者分配總額爲10萬澳元(合90,000加元)的公司股本普通股。

Upon having earned its 50% interest in the Project, Meryllion will have the right, but not the obligation, to acquire additional interests in the Project, by way of 10% increments over time up to a maximum 80%, through the funding of additional Project expenditures totaling AUD$600,000 (CAD$540,000) and aggregate payments to TSGM/Westbury of AUD$200,000 (CAD$180,000) in cash and AUD$160,000 (CAD$144,000) in common shares of Meryllion. The Company will have a 30-month period as of the Earn-In Date, during which it may earn up to its maximum interest.

在獲得該項目50%的權益後,Meryllion將有權(但沒有義務)通過爲總額爲60萬澳元(合54萬加元)的額外項目支出提供資金,向TSGM/Westbury支付的總額爲20萬澳元(合180,000加元)的現金和160,000澳元(合144,000加元)的現金和160,000澳元(合144,000加元)的現金總額爲20萬澳元(合18萬加元),收購該項目的額外權益,最高爲80% Meryllion 的普通股。自盈利之日起,公司將有30個月的期限,在此期間可以賺取最高利息。

Other than the Initial Shares, all common shares issuable pursuant to the option shall be issued at a deemed issue price equal to the 10-day volume weighted average price of the shares on the date of each respective share issuance or such other period as may be required by the Canadian Securities Exchange (the "CSE").

除初始股外,根據該期權可發行的所有普通股的發行價格應等於每股發行之日或加拿大證券交易所可能要求的其他期限的10天成交量加權平均股價(”案例“)。

All common shares issued shall be subject to a hold period equal to four months and one day from the date of issuance.

所有已發行的普通股的持有期應爲自發行之日起四個月零一天。

TSGM and Westbury hold a portfolio of leases that are highly prospective for Ionic Adsorption Clay ("IAC") hosted Rare Earth Elements ("REEs") located in northeastern Tasmania, Australia, near the major city of Devonport. For more information concerning the rare earth Project, please refer to the Company's press release of October 3, 2023.

TSGM和Westbury持有的租賃組合對離子吸附粘土極具前景(”IAC“) 託管稀土元素 (”REE“)位於澳大利亞塔斯馬尼亞州東北部,靠近主要城市德文波特。有關稀土項目的更多信息,請參閱公司2023年10月3日的新聞稿。

About the Tasmanian Rare Earths Projects

關於塔斯馬尼亞稀土項目

The Project is hosted in highly sought rare earth-rich ionic adsorption clay hosted deposits comprising Jurassic Dolerites and Basalts and provide significant upside potential for economic rare earth magnet metals.

該項目位於備受追捧的富含稀土的離子吸附粘土礦牀中,包括侏羅紀白雲岩和玄武岩,爲經濟稀土磁鐵金屬提供了巨大的上行潛力。

Globally, most rare-earths are sourced from hard-rock mines. These typically require large, costly processing plants and a significant lead time to reach production. A less common source of rare earths is ionic adsorption clay (IAC) deposits. Historically, these have only been mined in southern China. A major advantage of IAC deposits is that the rare earths can be extracted from the clay via a simple leaching process, recoveries of up to 70% have been achieved utilizing a benign, environmentally friendly ammonium sulphate leach. Secondly, these deposits generally exist at, or close to surface. These advantages enable a project to be developed rapidly and at lower cost than traditional hard rock deposits. Furthermore, IAC deposits are relatively richer in the rare earths needed for permanent magnets, and they typically contain low concentrations of radioactive elements such as uranium and thorium, making permitting and treatment significantly less complex.

在全球範圍內,大多數稀土都來自硬巖礦山。這些通常需要大型而昂貴的加工廠和很長的交貨時間才能投入生產。稀土的一種不太常見的來源是離子吸附粘土(IAC)沉積物。從歷史上看,它們只在中國南方開採。IAC 礦牀的一個主要優勢是,稀土可以通過簡單的浸出過程從粘土中提取,使用良性、環保的硫酸銨浸出液可實現高達 70% 的回收率。其次,這些沉積物通常存在於地表或靠近地表。這些優勢使項目能夠以比傳統的硬巖礦牀更低的成本快速開發。此外,永磁體所需的稀土中IAC沉積物相對豐富,而且它們通常含有低濃度的放射性元素,例如鈾和釷,這使得許可和處理的複雜性大大降低。

For further information, please contact:

欲了解更多信息,請聯繫:

Mr. Richard Revelins
Director and Chief Executive Officer
Meryllion Resources Corporation
+1-310-405-4475
rrevelins@peregrinecorporate.com

理查德·雷夫林斯先生
董事兼首席執行官
魚尾獅資源公司
+1-310-405-4475
rrevelins@peregrinecorporate.com

Investor Relations
Jorge@jeminicapital.com
+1-647-725-3888 ext. 704

投資者關係
Jorge@jeminicapital.com
+1-647-725-3888 分機 704

Forward-Looking Statements

前瞻性陳述

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation 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 securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

根據適用的證券法,本新聞稿中提供的信息可能涉及前瞻性陳述。本警示性陳述明確限制了此處包含的前瞻性陳述的全部內容。本文件中包含的前瞻性陳述自本文件發佈之日起作出,除非適用的證券立法明確要求,否則公司不打算或義務更新或修改任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因。儘管管理層認爲此類前瞻性陳述中代表的預期是合理的,但無法保證此類預期會被證明是正確的。本新聞稿不構成出售要約或招攬購買此處所述任何證券的要約,因此不應過度依賴此類要約。

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

CSE及其監管服務提供商(該術語在CSE的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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