Lake Winn Resources Corp. Receives Final Approval from Government of Northwest Territories; Triples Size of Little Nahanni Lithium Project to 7,080 Hectares |
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Today, Lake Winn Resources Corp. (“Lake Winn” or the “Company”) (TSXV: LWR.H) (FSE:EE1A) announced final approval by the Government of the Northwest Territories regarding the staking of an additional 4,550 hectares. Prior to this the Company controlled 2,530 hectares bringing the total land position to 7,080 hectares. The Little Nahanni Lithium project (“LNLP”) located in the Northwest Territories on the NWT/Yukon Border covers a 13 km long, and up to 500m wide, lithium, cesium, and tantalum (“LCT”) pegmatite vein swarm with many individual mineralized veins up to 10m thick. The project has had historic drilling and channel sampling that confirm significant lithium, tantalum, cesium, and tin.
Based on the encouraging historic results and the large footprint of this LCT pegmatite system, Lake Winn is in preparation for an estimated 4,000m drill program.
The preliminary data has shown striking linear magnetic responses, with one zone lining up with the known pegmatite trend (see Figure 1) and with a second stronger linear anomaly with no known geological explanation. Field crews will be deployed to investigate this potentially new area of mineralization.
Figure 1: Previous Magnetometer Representing Approximately 25% of the Property. Close-up of previously completed magnetometer data.
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Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with over 35 years of experience in mineral exploration, discovery, and evaluation. A Qualified Person under the provisions of the National Instrument 43-101.
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Zinc8 in New York: If you can make it there, you will make it anywhere |
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New videos highlight strong growth outlook |
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Click above player or here to watch the interview.
• To read English subtitles, click on "CC" (you may have to select English as your language in "settings").
• With 564,000 subscribers and a total of 83 million YouTube views, Jacob´s YouTube channel "Breaking Lab" is one of the most successful science influencers in the German-speaking world.
• The goal of the physics graduate, who is currently writing his doctoral thesis, is to get young people excited about the natural sciences. His motto is based on an (alleged) quote by Einstein: "If you can´t explain something simply, you haven´t understood it."
Also published yesterday was an article and interview with Zinc8 CEO Ron MacDonald:
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‘It’s Up to You New York, New York’ …. & Energy Storage? |
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INTERVIEW ON THE PRICE OF BUSINESS SHOW
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Ron MacDonald.
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As reported in New York’s Energy Storage Roadmap developed by the New York State Energy Research and Development Authority (NYSERDA) and the New York State Department of Public Service, “energy storage will play a critical role in supporting New York’s decarbonized electric grid by integrating large quantities of variable renewable energy, reducing curtailment, and storing renewable generation for the times it is needed most.”
The New York Governor Hochul announced in her State of the State a goal to double the state’s 2030 energy storage deployment target, from the currently legislated 3 gigawatts (GW) of storage to 6 GW of storage, with an interim goal of 1.5 GW by 2025. This nation-leading storage target is driven by the quick growth in renewable energy expected over the next decade and the role that electrification of transportation and buildings will play in achieving New York State’s future carbon neutral economy.
“If I can make it there, I’ll make it anywhere. It’s up to you New York,” may be the mantra of Zinc8 Energy Systems, a Canadian energy storage start-up, getting a warm embrace from the highest levels of State government to plant its manufacturing center in New York state. With $50M in development to create a leadership position in zinc air battery technology to-date, the road to building the company’s inaugural manufacturing facility will require significantly more capital for the plant to be built, staff hired and availability of the company’s zinc air battery technology energy storage systems.
While Zinc8 is a Canadian company, their country, while supportive of their technological innovations, did not provide the welcome wagon that New York State did. On the heels of shepherding clean energy investments via the passage of the Inflation Reduction Act, Senate Majority Leader Chuck Schumer surprised Zinc8’s CEO, Ron MacDonald, with an impromptu early morning call in the summer of 2022, followed up with a news release urging Zinc8 to “expand their operations in Ulster and bring hundreds of clean-energy jobs to the Hudson Valley at Ulster county’s TechCity campus, now known as iPark 87.
On January 26th, Gov. Hochul held a press conference announcing that Zinc8 “will locate its first commercial manufacturing facility and American headquarters in Ulster County.”
Ron MacDonald, formerly a senior member of Canada’s Parliament, says the private sector is a hard place to be every day. “There are unique challenges and opportunities on the road to building the company’s first commercial manufacturing facility which will employ up to 500 Americans,” says Ron MacDonald, President & CEO, Zinc8 Energy Solutions.
In the last few weeks, Zinc8 was issued a $10M non-taxable revenue bond from Ulster County Industrial Development Agency, $9M in inducements to manufacture in New York State and up to $500K funding support from National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).
The Price of Business is one of the longest running shows of its kind in the country and is in markets coast to coast. The Host, Kevin Price, is a multi-award winning author, broadcast journalist, and syndicated columnist. Learn more about the show and its digital partners at www.PriceofBusiness.com
LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE:
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Click here to listen to the interview.
On Monday, Zinc8 posted a 3-minute presentation excerpt at the Wall Street Green Summit on its Facebook page:
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Click here to watch the video.
Last week, an interesting interview was published with CEO Ron MacDonald talking about the latest news of Zinc8 receiving $10 million USD for its production facility in New York State:
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Footage of first 250 SWMBRDs from France, ready for shipment to consumers, along with moments from the Toronto Outdoor Adventure Show 2023 |
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Click above player or here to watch the interview.
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Lake Winn News-Disclaimer: 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. Cautionary Statement Regarding “Forward-Looking” Information: This news release contains “forward-looking statements” including but not limited to statements with respect to Lake Winn’s plans, the estimation of a mineral resource, and the success of exploration activities. In this release, it is not certain if the kimberlite discovered will be economic or not as this depends on many factors. Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could affect our plans include our potential inability to raise funds as intended, and in such event, we may require all funds raised, if any, to be used for working capital rather than the intended uses as outlined. Accordingly, readers should not place undue reliance on forward‐looking statements. Lake Winn Resources Inc. undertakes no obligation or responsibility to update forward‐looking statements, except as required by law.
Rockstone Disclaimer: The news-release, the referenced Rockstone report, external articles and videos contain forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Lake Winn Resources Corp., Zinc8 Energy Solutions Inc., SWMBRD Sports Inc. and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to Lake Winn Resources Corp.'s, Zinc8 Energy Solutions Inc.´s and SWMBRD Sports Inc's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through their profiles on SEDAR at www.sedar.com. Please read the full disclaimers within the full research reports as a PDF (here, here and here) as fundamental risks and conflicts of interest exist. Zinc8 Energy Solutions Inc. currently does not pay the author or Zimtu Capital Corp. to provide this announcement, Rockstone reports and other investor awareness services. Lake Winn Resources Corp. and SWMBRD Sports Inc. pay Zimtu Capital Corp. to provide this announcement and Rockstone reports. The author, Stephan Bogner, holds a long position in Lake Winn Resources Corp., Zinc8 Energy Solutions Inc. and SWMBRD Sports Inc., and is being paid by Zimtu Capital Corp. for the preparation and distribution of such announcements and Rockstone reports, whereas Zimtu Capital Corp. also holds a long position in Lake Winn Resources Corp., Zinc8 Energy Solutions Inc. and SWMBRD Sports Inc. Note that Zinc8 Energy Solutions Inc. and SWMBRD Sports Inc. have one or more common directors with Zimtu Capital Corp.
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