petunia1
7 years ago
July 6th 2017
Maxtech Signs Strategic Agreement with Maringá Ferro-Liga S.A of Brazil
Vancouver, British Columbia – July 6th 2017 – Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF), (“Maxtech” or the “Company”) is pleased to announce that it has signed a strategic cooperation agreement with Maringá Ferro-Liga S.A of Brazil.
Maxtech’s goal is to become a diversified mining company with a high-grade manganese footprint. The primary business programhas been the assembly and acquisition of key mineral projects for future exploration. In Brazil, Maxtech has positioned itself with more than 50,000 hectares of potential high grade Mn mineralization claims, as previously disclosed in its release of May 4th 2017.
The Company’s long term strategy is to grow organically by building a vertical mining operation to sell high-grade manganese to global markets focused on renewable energy, steel production and fertilizers with Mn additives to increase plant/crop fertility.
Maxtech has entered into an agreement with Maringá Ferro-Liga to enable the joint evaluation, exploration and potential acquisition of project specific manganese assets in Brazil, and if justified, to engage in the development and mining of specific claims. Maxtech and Maringa will sign project-specific agreements between the parties prior to engaging in any operations on properties.The agreement shall have a term of 3 years and is non-exclusive.
Peter Wilson, CEO Maxtech said, “Maringá is a diversified industry leader in the uses of manganese in Brazil, making it the perfect partner for Maxtech. Under this association Maxtech hopes to develop more than an exploration partner, enabling the Company to explore, mine and distribute manganese in Brazil with an industry leader.”
Luis Pessoa, Commercial Director from Maringá Ferro-Liga said, “Having a reliable and local source of high grade manganese ore is an important competitive advantage to Maringá. The cooperation agreement with Maxtech enables us to profit from their well recognized know-how to research and explore potential areas in Brazil.”
About Grupo Maringá
Founded in 1946, Grupo Maringá now has over 2,000 employees with over USD $200 million in 2016 revenues. The Maringá companies are located in the states of Paraná and São Paulo. They produce sugar cane, sugar, ethanol, energy and manganese alloy. Maringá Ferro-Liga S.A. is a subsidiary of Grupo Maringá and is located in Itapeva, State of São Paulo. It is the second largest manganese ferroalloy producer in South America, producing high quality silico-manganese and high-carbon ferromanganese.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
Phone: 604-484-8989
Further information about the Company is available on www.SEDAR.com under the Company’s profile.
Certain statements contained in this release may constitute “forward–looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information
petunia1
7 years ago
Maxtech Ventures Inc. to Attend the IMnI International Manganese Institute Annual Conference
VANCOUVER, BC--(Marketwired - June 02, 2017) - Maxtech Ventures Inc. (CSE: MVT)(CSE: MVT.CN)(CNSX: MVT)(FRANKFURT: M1N)(OTC PINK: MTEHF), ("Maxtech" or the "Company")
Is pleased to announce that the Company will attend the global International Manganese Institute ("IMnI") Annual Conference in Miami, Florida, USA on June 5th to June 7th.
Maxtech will join more than 120 delegates at the IMnl conference in Miami. The Company will be one of very few Canadian representatives. Glencore International AG, Ferroglobe, Maringa Ferro Ligas, United Manganese of Kalahari, are just a few companies being showcased at the conference which will be attended by global manganese leaders traveling from South Africa, Japan, Singapore, Germany, Brazil to highlight just a few of the participating countries. It is a conference not only focused on networking amongst industry peers, but informative break out educational sessions led by the institute directors and professionals in the field to discuss the manganese industry evolution and its increasingly fast pace growth trajectory and affect on many industries and the worldwide green energy revolution.
Peter Wilson, CEO of Maxtech, states, "As Maxtech continues to broaden its direct interests in the manganese industry globally, it is imperative we know who all the players are. The IMnI is a 42 year old association of the industry itself and there is no better way to get involved than to attend their annual event and meet companies that are both upstream and downstream from Maxtech in the manganese supply chain. Maxtech is an exploration company acquiring only the highest grade managense assets with a goal of becoming one of the largest Mn stakeholders in the world."
About International Manganese Institute
The International Manganese Institute (IMnI) is a not-for-profit industry association that represents manganese ore and alloy producers, manufacturers of metallurgical products or chemical compounds, trading houses, industry service providers, companies involved in Mn business development, universities and research organizations around the world. Founded in 1975, with headquarters in Paris, France, IMnI's mission is to provide vision and guidance to the Mn industry by promoting economic, social and environmental responsibility and sustainability to all stakeholders.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
MaxTech Ventures Inc.
Email: info@maxtech-ventures.com
Phone: 604-484-8989
petunia1
7 years ago
Maxtech Expands Phase 2 Exploration Due to High-Grade Manganese Assay Results
2017-05-18 00:15 PT - News Release
Maxtech Expands Phase 2 Exploration Due to High-Grade Manganese Assay Results
VANCOUVER, BC--(Marketwired - May 18, 2017) - Maxtech Ventures Inc. (CSE: MVT)(CSE: MVT.CN)(CNSX: MVT)(FRANKFURT: M1N)(OTC PINK: MTEHF), ("Maxtech" or the "Company") is pleased to report that it is expanding exploration activities on Juina claims in Mato Grosso, Brazil.
Maxtech's auger drilling program is being rapidly expanded and carried out on the pre-selected zone at the DNPM 866 271/2017, focusing on sub surface occurrences of manganese bearing cobble horizons up to 60 cm in thickness. Details of the high-grade manganese analyses were announced by the Company in a news release on April 28th. , showing assay values of 52.9% Mn, 55.9% and 51.5% Mn. Additional follow-up with drilling and prospecting near positive holes from Phase 1 exploration will continue. Basic topographic surveys of areas with positive results, combined with a series of lateral holes to address continuity and tonnage will be part of this next phase of work on the ground in Juina.
Due to the positive results the Company will be adding to the team in Brazil immediately. Mapping and delineation of the mineralised zones in addition to the ongoing prospecting is key to future exploration activities on the Juina claims and other acquisitions in Brazil.
Peter Wilson, CEO of Maxtech said, "In order to capitalize on the recent exploration success on our Juina claims it is imperative we expand the scope of our operations. Our Brazilian team is already finding new areas with exactly the same type of mineralisation we encountered previously. We anticipate phase 2 results in the coming weeks."
The technical information contained in this news release has been reviewed and approved by Mr. John Harper B.Sc., P.Geol, who is a Qualified Person with respect to Maxtech's manganese projects as defined under National Instrument 43-101.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, and financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Peter Wilson
Email: info@maxtech-ventures.com
Phone: 604-484-8989
petunia1
7 years ago
Maxtech Video Update
http://bit.ly/2p5nOYR
U-MTEHF) - News Release
Maxtech Ventures Reports High-Grade Results from Manganese Project in Brazil - Video Available on Investmentpitch.com
2017-05-05 08:38 PT - News Release
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2017) - Maxtech Ventures (CSE: MVT) (FSE: M1N) (OTC Pink: MTEHF) announced initial high-grade results from its manganese project in Brazil.
Phase I exploration of surface and sub-surface sample results from pitting and auger drilling returned a range of 51.4% to 55.9% manganese. As these are selected samples, they are not necessarily representative of the mineralization.
InvestmentPitch.com has produced a "video" which discusses this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Maxtech" in the search box. The video is also available on YouTube.
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http://www.investmentpitch.com/video/0_5cqo8m0l/Maxtech-Ventures-CSE-MVT-announced-initial-high-grade-results-from-its-manganese-project-in-Brazil
Surface exploration by the company's prospecting team uncovered previously unknown manganese bearing clasts and cobbles.
Peter Wilson, CEO, stated: "Maxtech has now amassed approximately 57,000 hectares of exploration claims in Brazil, which is one of the largest manganese mineral exploration claim sets in the country. In addition to entering our second stage of exploration in Brazil, the Company is actively reviewing potential acquisitions outside of Brazil in Northern Africa and Europe."
Brazil has 10% of global manganese reserves, with manganese being the 4th most widely used metal worldwide. Nearly 90% of manganese output is used in the steel industry, but its applications also include the manufacture of fertilizers, animal food and cars.
Maxtech plans to procure the highest grade possible, which can be used in the Lithium Manganese Dioxide batteries, which contain 4% lithium, 61% manganese and 35% oxygen by atomic weight.
The company announced a non-brokered private placement, and plans to raise up to $2 million through an offering of up to 5 million units at a price of $0.40 per unit. Each unit consists of 1 share and 1 warrant, with each warrant exercisable at $0.50 in the first year and $0.60 in the second year, subject to an acceleration clause, should the shares trade higher than $0.70 for a 14 day period.
The shares are trading at $0.48 and with 45.6 million shares currently outstanding, the company is capitalized at $21.9 million.
For more information, please visit www.maxtech-ventures.com, contact Peter Wilson at 604-330-3119 or email info@maxtech-ventures.com.
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
Bassman101
7 years ago
Maxtech Ventures samples up to 55.9% Mn in Brazil
Maxtech Ventures Inc (2)(OTC:MTEHF) (C:MVT)
Shares Issued 48,786,448
Last Close 5/1/2017 $0.445
Thursday May 4 2017 - News Release
An anonymous director reports
MAXTECH SAMPLES HIGH-GRADE MANGANESE IN BRAZIL PHASE 1 EXPLORATION
Maxtech Ventures Inc. has released initial results of its exploration showing strong indications of high-grade manganese mineralization on its claim in the state of Mato Grosso.
Phase I exploration of surface and sub-surface sample results from the pitting and auger drilling showed a range of 51.4 to 55.9% grade of manganese. Surface exploration by our prospecting team uncovered previously unknown manganese bearing clasts and cobbles. Our prospectors initiated a pitting program with hand dug pits and the contents were sifted with manganese bearing clasts separated and collected leaving the soil and other clasts behind. With the manganese clasts retained, the pits were filled in and the surface returned to a natural state. The analyses was done by SGS Geosol Laboratorios LTDA., Belo Horizonte, Brazil and represented in the table below.
*The selected samples are not necessarily representative of the mineralisation. The grab samples from these pits were sieved and/or screened but they are not composite samples.
Sample ID XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C XRF79C PHY01E
SiO2 Al2O3 Fe2O3 CaO MgO TiO2 P2O5 Na2O K2O Mn BaO LOI
% % % % % % % % % % % %
BRANCO_PREP >99 <0,1 1.81 <0,01 <0,1 <0,01 <0,01 <0,1 <0,01 <0,008 <0,01 0.21
MLB 01 7.57 2.06 1.75 0.08 0.12 <0,01 0.042 <0,1 0.21 52.9 3.08 11
MLB 02 5.72 1.51 0.9 0.07 <0,1 0.03 0.042 <0,1 0.14 55.9 1.63 11.58
MLB 03 1.76 2.5 0.52 0.08 <0,1 0.02 0.033 <0,1 0.05 51.5 10.4 10.05
MLB 02 -- -- -- -- -- -- -- -- -- -- -- 11.57
SG_079 -- -- -- -- -- -- -- -- -- -- -- 6.32
MLB 03 1.74 2.47 0.52 0.08 <0,1 0.03 0.012 <0,1 0.05 51.4 10.4 --
SRM25D 2.51 5.24 3.91 0.08 0.12 0.13 0.251 <0,1 0.89 51.7 0.21 --
The technical information contained in this news release has been reviewed and approved by Mr. John Harper B.Sc., P.Geol, who is a Qualified Person with respect to Maxtech's manganese project as defined under National Instrument 43-101.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd.
petunia1
7 years ago
Manganese – The Third Electric Vehicle Metal & No One Is Talking About It! Here’s How To Take Advantage
Palisade Research March 24, 2017
Category: Research
A Brief Manganese Primer
Highlights
• Manganese is a critical and irreplaceable element used in steel production;
• The steel industry is poised to continue growing, providing a steady source of demand for manganese;
• Significant additional upside will come from clean-energy applications;
• Vertically-integrated companies will be primary drivers of the forward momentum in the manganese industry, which at this point is concentrated and in need of disruption.
Lithium and cobalt have been on an absolute tear, riding the wave of Tesla and the broader electric revolution. There is another metal, however, used widely as a battery component that has received less notice from the markets. That metal is manganese (Mn), a chemical element that is normally found together with iron.
Since the beginning of 2016, cobalt’s price has jumped 120%, lithium has moved up 77%, and manganese has recorded a 42% gain. While all three metals have seen their prices rise recently, it appears that manganese has been outshined by its two fellow EV metal counterparts. We believe this situation will change quickly, as demand for manganese is set to outpace supply, especially for higher-grade materials found only in specific corners of the globe.
Introduction – Manganese Is Critical
Manganese is an essential ingredient steel. And according to the US Geological Survey’s (USGS) Mineral Resources Program, the United States is completely dependent on manganese imports; it has no production facilities of its own. The US needs about 500,000 tons (1.1 billion pounds) of manganese per year, the majority of which is consumed by the steel industry.
Acutely aware of this situation, and the fact that most of the world’s manganese is produced by just a few countries (some of which are risky jurisdictions), the USGS has deemed manganese a “critical mineral.” A critical mineral is one defined as being essential to the economy, as well as being at significant risk of incurring supply interruptions. The USGS has also singled out manganese because of its importance due to its increasing use in emerging technologies.
Solid Growth in Demand
In steel production, manganese serves the important function of removing oxygen and sulphur when iron ore is converted into iron. It is also used as an alloy that increases both the strength and flexibility of steel. In ore production, about 30% of the manganese is used to refine ore and about 70% is used as an alloy in the final product.
Manganese is not on the radar of many investors, but it is widely used in metallurgy. In fact, it is the fourth most commonly used metal by tonnage – after iron, aluminum, and copper. And during the past ten years, the world has generally produced increasing amounts of steel every year.
Between now and 2020, the International Manganese Institute projects that the global steel industry will continue growing at a clip of about 2% annually.
The United States is expected to lead the way in 2017, with a projected 4.4% increase in steel production. This number is expected to surge even further as President Trump turns his attention towards pushing legislation for a $1 trillion infrastructure plan.
In addition to the steel industry, manganese is also utilized in animal feed and fertilizers, two sectors with demand that will continue to grow in concert with the world’s population.
Moving forward, we see significant growth in the manganese market due to its applications in clean energy. More specifically, we anticipate the growing use of nickel-metal hydride (NiMH) electric vehicle batteries and lithium-ion (Li-ion) batteries to be major catalysts for manganese demand. NiMH batteries are predominantly used in hybrid vehicles, including the Toyota Prius. The Li-ion battery, of course, takes center-stage due to Tesla’s notoriety and lofty production targets.
The newest up-and-coming technology to use manganese is the so-called lithiated manganese dioxide (LMD) battery. A typical LMD battery uses 61% of manganese in its mix and only 4% lithium. LMDs have numerous benefits, including providing higher power output, thermal stability, and improved safety compared to regular lithium-ion batteries.
LMDs are already in production, and are currently used in electric cars like the Chevy Volt and Nissan Leaf. These cheaper electric cars, as opposed to the narrower luxury-segment that Tesla operates in, should be a significant part of the budding clean energy revolution.
Finally, there is a game-changing application of manganese worth mentioning: off-the-grid power. Tesla and its Powerwall batteries are breaking ground here, and the market is only poised to grow.
(Credit: Inside EVs)
In summation, there are several drivers that should boost manganese demand, both traditional and cutting edge.
Manganese will continue to be a key element in steel production, and the industry should continue to grow at a steady pace. Steel production will ensure that manganese remains as one of the most widely used elements in the world. On the technology side, electric vehicles, off-the-grid power systems and other energy storage applications will require significant amounts of high-quality manganese.
Risky Business On The Supply Side
Most manganese production globally is concentrated in four countries: Australia, China, Gabon, and South Africa. 90% of the world’s manganese reserves are found in these four countries, along with Brazil and Ukraine. Remarkably, nearly 70% of global manganese reserves are contained in the Kalahari District of South Africa.
(Source: USGS)
South Africa’s deposits tend to be high-grade. Australia, Gabon, and Brazil, however, feature even higher grade deposits. This bodes well for the explorers and developers operating in these countries.
(Source: Manganese.org)
In the United States, there has not been any manganese mining activity since 1970. There are a few areas where it is possible to find manganese-enriched rocks (Maine and Minnesota), but the grades are substantially lower than what is available around the globe, so mining manganese in the United States does not make economic sense. As a result, the U.S. imports all of its manganese.
61% of the United States’ manganese imports come from Gabon. Australia is the second-largest provider of manganese to the U.S., with 21% of the total. South Africa (7%) and Brazil (5%) are the third and the fourth largest manganese exporters to the United States.
China, meanwhile, is the world’s number two producer of manganese and also one of its largest consumers. Demand for imported manganese ore in China more than doubled between 2006 and 2016. As of 2016, almost two-thirds (62%) of manganese ore in China was imported. The gulf between manganese production and consumption in China has been widening since 2001.
China, like the United States, imports most of its manganese from South Africa, followed by Australia, Gabon, and Ghana.
Unlike steel, where demand is notoriously steady, the supply of manganese is declining. In 2016, the USGS estimated that the world produced 8.6% less manganese than in 2015.
(Source: USGS)
This is one of the imbalances that resulted in the recent upward price action in manganese. The price of manganese has risen over 42% since the beginning of 2016.
The estimated demand for manganese in 2022 is forecasted to reach 28.2 million metric tonnes. Compare this to historical rates of manganese production, which peaked in 2014 at 18.0 million MT. Clearly, the widening gap between supply and demand in the manganese space should lead to a healthy price increase over the next few years. We believe that one manganese explorer, in particular, is poised to take advantage of this dynamic, and its management team already has one exit under their belt in the manganese sector.
Maxtech Ventures Inc. (CNSX:MVT, FRA:M1NA, OTCMKTS:MTEHF)
Current Price: C$0.60
Shares Outstanding: 48.7 million
Market Capitalization: C$29.2 million
52-Week Range: C$0.12-C$0.63
Cash: ~C$0.6 million
Total Liabilities: ~C$0.1 million
Maxtech Ventures is advancing work on several high-grade manganese projects in Brazil. All of the company’s projects are located in Brazil, but Maxtech is focused on seizing the opportunity to become a global supplier, with customers in Europe, North America, and Asia.
(Source: Maxtech)
The company’s aim to sell manganese products globally rests on the existence of high-quality infrastructure in the regions where it operates. Looking at this map, it may appear that the company’s projects are located in remote areas, however, the reality is that Maxtech has access to multiple high-volume commercial river ports. Additionally, a major regional road is slated to be constructed within a couple of years.
Maxtech is focused on the Brazilian region of Mato Grosso. The area has seen much less exploration and production than the neighboring Rondonia region; nonetheless, both regions have similar geology. Between Mato Grosso and Rondonia, known manganese mineralization extends across a belt of at least 250 kilometers. Most of the mineralization lies at surface, with reported grades reaching 54% or higher. These high-grade veins extend to over 80 meters in depth.
Since so much of the material is available at surface, mining it is not an expensive enterprise. The technical flow sheet for the production of manganese in the Eastern Rondonia/Western Mato Grosso region is very simple.
(Source: Maxtech Ventures)
This technical simplicity allows for cost control that is not possible for more complex methods of production. It is also one of the reasons why Maxtech believes that it can successfully compete in the global manganese market. Low production costs and increasing prices should allow Maxtech to generate healthy margins in the future.
Lastly, Mato Grosso is an area known for soybean production, and manganese-based fertilizers are widely used there. It can only be to Maxtech’s benefit to operate in close proximity to prospective end-users of its product.
Exploration
Exploration costs for Maxtech should be quite modest, since most of the manganese in this region of Brazil is located at surface. It is rather a matter of scope, not depth, that Maxtech needs to worry about.
(Source: Maxtech Ventures)
With this in mind, Maxtech recently announced an exploration program. The program will include early-stage activities, such as prospecting, mapping, geochemical soil surveys, and ground-based geochemical surveys.
At Mato Grosso, there are two types of manganese mineralization – cobbles/clasts and hydrothermal veins. Maxtech will need to calibrate its exploration methods to study and understand both types of mineralization.
Most of the program can be completed using relatively inexpensive methods, including hand-dug pits, mobile auger drills, and trenching.
For us, it means that the company will be able to advance its understanding of Mato Grosso geology quickly and efficiently. When preliminary targets are identified, Maxtech will follow-up its green field exploration activities with traditional core drilling.
Near-Term Production
Maxtech is also very active on the acquisition front. Earlier in March, the company signed a Letter of Intent (LOI) to form a joint venture partnership to develop the Buriturama Mine in the State of Bahia, Brazil with Plantiminas Empreendimentos Rurais Ltda.
The mine has existing access to railway, ports, and other infrastructure. The aim is to advance the Buriturama towards mining with a goal of generating 10,000 tonnes per month in production. The project already has a trial mining license for the processing of up to 6,000 tonnes of manganese mineralization. An application has already been submitted for a Lavra license, which would provide for unlimited mining activities at Buriturama.
One of the key features of Buriturama is its proximity to Mina do Azul, operated by Vale SA. Mina do Azul has manganese concentrations in the range of 40% and higher. Buriturama’s historical records (non-NI 43-101 compliant) indicate that its ore contains similar grades. Between regional-scale exploration programs and advancing Buriturama to production, Maxtech is engaged in building a vertically integrated manganese producer.
The company is also keenly aware of the multiple markets that its manganese products could serve. From local agriculture companies, which need manganese fertilizers to produce soy, to the global high-technology battery market, Maxtech has the potential to sell its production far and wide.
Vision – Replicating A Proven Model
This vision comes from the company’s seasoned management team. Maxtech is led by Mr. Peter Wilson, a financier with over $300 million in equity and debt financings under his belt. He has been involved in capital raising, corporate development, and management for over 20 years.
On the technical side, Maxtech’s project acquisition and exploration activities are overseen by the same team behind Cancana Resources.
Cancana’s flagship was the BMC Project, located in state the of Rondonia. As part of a joint venture on the project, Cancana was partnered with Ferrometals, an investment vehicle for the resource-focused private equity fund, The Sentient Group, which at the time had US$2.7 billion in assets under management. Cancana was eventually acquired by Ferrometals and in turn listed as Meridian Mining (CVE:MNO). Meridian Mining now boasts a market cap approaching CAD $100 million.
When the acquisition closed in November 2016, the original team from Cancana went right back to work, looking to replicate the same model.
With the experience that its CEO brings to the negotiating table, along with the expertise of its technical team in Brazil, there is good reason to believe that Maxtech can transition from explorer into producer and create substantial value for its shareholders.
Capital – Ready To Produce
Maxtech’s impending exploration program is a direct consequence of a financing that management arranged earlier in 2017. This $607,500 capital infusion is part of a larger financing effort that the company is undertaking. The plan is to spend most of the funds raised on its Brazil operations, plant engineering, and the preparation of a NI 43-101 report.
Maxtech’s financing push is backed by positive economic projections for the company’s near-term producing properties. The company forecasts that it can start production later in 2017 at a rate of 6,000 metric tons, moving to production of 26,500 tonnes by 2018, and ramping up to 67,000 tonnes by the end of the decade.
(Source: Maxtech)
The company is close to reaching production stage, which will help it afford to continue purchasing prospective claims and projects in Brazil.
As a result of the company’s well-outlined focus and position in the middle of a manganese renaissance, we anticipate increased investor interest and significant share price upside. We expect continued momentum in the next twelve to eighteen months in response to hitting several of its key milestones.
Bassman101
7 years ago
Maxtech Acquires Additional 20,000 Hectares Brazil
Amasses Approximately 40,000 Manganese Prospective Hectares
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 23, 2017) - Maxtech Ventures Inc. (CSE:MVT)(CSE:MVT.CN)(OTC PINK:MTEHF)(FRANKFURT:M1N) ("Maxtech" or the "Company), is pleased to announce it has entered into an arms-length agreement to acquire 2 additional manganese prospective mineral claims totalling 20,000 hectares in Brazil.
Maxtech has now amassed approximately 40,000 hectares of exploration claims in Brazil. Terms of the acquisition include the payment of US $10,000 and the issuance of 200,000 common shares of Maxtech; the transaction is subject to the CSE and regulatory approvals.
As announced on March 3, 2017, the Company initiated an exploration program on its claims acquired on December 6, 2016. Exploration techniques include using hand-dug pits, mobile auger drills and trenching with backhoes have begun in order to determine the dimensions and grade of any mineralization materials found containing manganese. Results are expected in the coming weeks.
Maxtech CEO Peter Wilson states, "With this additional acquisition, Maxtech will have amassed one of the larger manganese mineral exploration claim sets in Brazil. The focus on manganese mineralization offers Maxtech an opportunity to potentially directly service nearby farming markets in need of manganese for fertilizer."
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com.
Email to info@maxtech-ventures.com.
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Maxtech Ventures Inc.
Peter Wilson
Chief Executive Officer
604-484-8989
peter@maxtech-ventures.com
www.maxtech-ventures.com
petunia1
7 years ago
Correction:
Maxtech Signs Letter of Intent to Form JV on Licenced Manganese Buriturama Mine in Brazil
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 16, 2017) - A correction from source has been issued for the release disseminated March 16 at 3:15 AM ET. The complete and corrected release follows:
Maxtech Ventures Inc. (CSE:MVT)(CSE:MVT.CN)(OTC PINK:MTEHF)(FRANKFURT:M1N) , ("Maxtech" or the "Company") has signed a Letter of Intent ("LOI") to form a joint venture to develop the Buriturama Mine in the State of Bahia, Brazil with Plantiminas Empreendimentos Rurais Ltda.
***At the request of IIROC the Company wishes to clarify specific disclosure in its March 16, 2017 news release. Readers should disregard the disclosure in the earlier release.
The Buriturama Mine is located in the northern portion of the State of Bahia, 862 km from Porto de Aratu with access to railroad, port facilities and infrastructure. The Buriturama Mine has significant historical mining records as well as a current Gia (trial mining license) which authorizes mining and processing of mineralized materials. Small scale mining has been undertaken on the project and there are outcrops located throughout the project area as well as mining pits. An application has been submitted to Departmento Nacional de Proucao Mineral ("DNPM") for a Lavra licence which provides for unlimited mining. The company will do both technical and legal due diligence on the asset prior to signing a definitive agreement.
Vale's Mina do Azul Mine is situated approximately 100km's north of the Buriturama Mine in Bahia, and is responsible for a large percentage of Vale's manganese output. Vale SA is the largest manganese producer in Brazil and the Mina do Azul Mine is recognized internationally for its mineralized materials which contains high concentrations of manganese and a high manganese-iron ratio.
The markets for manganese mineralized materials and ferroalloys are highly competitive. High-grade manganese competes on a global seaborne basis while low-grade mineralized materials competes on a regional basis. The ferroalloy market is characterized by a large number of participants who compete primarily on the basis of price. The competitive factors affecting this market are the costs of the mineralized materials, electricity, logistics, and reductants.
Peter Wilson, Maxtech CEO, said, "We will begin the due diligence process immediately. The Plantiminas Empreendimentos Rurais Ltda. strategic partnership in the Buriturama Mine will enable Maxtech to build vertical manganese operation in Brazil."
The Company also announces that pursuant to its stock option plan it will issue 1,000,000 options to certain officers, directors and consultants at a price of $0.57 cents per share. The options granted are exercisable up to five years from the issue date.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com.
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Maxtech Ventures Inc.
Peter Wilson
Chief Executive Officer
604-484-8989
peter@maxtech-ventures.com
info@maxtech-ventures.com
www.maxtech-ventures.com
petunia1
7 years ago
Maxtech Signs Letter of Intent to Form JV on Licenced Manganese Buriturama Mine in Brazil
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 16, 2017) - Maxtech Ventures Inc. (CSE:MVT)(CSE:MVT.CN)(OTC PINK:MTEHF)(FRANKFURT:M1N) , ("Maxtech" or the "Company") has signed a Letter of Intent ("LOI") to form a joint venture to develop the Buriturama Mine in the State of Bahia, Brazil with Plantiminas Empreendimentos Rurais Ltda.
The Buriturama Mine is located in the northern portion of the State of Bahia, 862 km from Porto de Aratu with access to railroad, port facilities and infrastructure. The intent of the joint venture is to put the asset into commercial production up to 10,000 tonnes per month with focus on the export market.
The project has significant historical mining records as well as a current Gia (trial mining license) which authorizes mining and processing of up to 6,000 metric tonnes of manganese mineralization. Small scale mining has been undertaken on the project and there are manganese outcrops located throughout the project area as well as mining pits. An application has been submitted to Departmento Nacional de Proucao Mineral ("DNPM") for a Lavra licence which provides for unlimited mining. The company will do both technical and legal due diligence on the asset prior to signing a definitive agreement.
Approximately 100km's north of the Buriturama Mine in Bahia is Vale's Mina do Azul Mine, which is responsible for 80% of Vale's manganese output. Vale SA is the largest manganese producer in Brazil, accounting for roughly 70% of the country's market. Mina do Azul is recognized internationally for the excellent quality of its ore, which contains high concentrations of manganese and a high manganese-iron ratio. Its ore is at least 40% pure manganese which is similar in grade to the Buriturama Mines historical records which are not National Instrument 43-101 compliant but which the company believes to be reliable.
The markets for manganese ore and ferroalloys are highly competitive. High-grade manganese ore competes on a global seaborne basis while low-grade ore competes on a regional basis. The ferroalloy market is characterized by a large number of participants who compete primarily on the basis of price. The competitive factors affecting this market are the costs of manganese ore, electricity, logistics, and reductants.
Peter Wilson, Maxtech CEO, said, "We will begin the due diligence process immediately. The Plantiminas Empreendimentos Rurais Ltda. strategic partnership in the Buriturama Mine will enable Maxtech to build vertical manganese operation in Brazil."
The Company also announces that pursuant to its stock option plan it will issue 1,000,000 options to certain officers, directors and consultants at a price of $0.57 cents per share. The options granted are exercisable up to five years from the issue date.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com.
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Maxtech Ventures Inc.
Peter Wilson
Chief Executive Officer
604-484-8989
peter@maxtech-ventures.com
info@maxtech-ventures.com
www.maxtech-ventures.com
Bassman101
7 years ago
Maxtech contracts Auracle for remote sensing in Brazil
2017-03-09 04:23 PT - News Release
Shares issued 45,648,948
MVT Close 2017-03-09 C$ 0.455
Mr. Peter Wilson reports
MAXTECH TO CONDUCT ENHANCED REMOTE SENSING AND ANALYSES TARGETING MANGANESE IN BRAZIL
Maxtech Ventures Inc. has entered into an agreement with Auracle Geospatial Science to conduct remote sensing and analysis programs on manganese targets in Brazil.
Auracle will conduct remote sensing work utilizing its iterative process in conjunction with Maxtech's geological and field teams for the purpose of mineral exploration. The initial scope of the analysis will be to remotely sense satellite imagery for mineral exploration, host system identification, map topography, and to differentiate apparent geology and non-apparent geology, lithology and structures for 598 square kilometres in a highly prospective area within two kilometres of the Estrada Cemat and 3.5 kilometers of the Fazenda Suas Barras mines in Matto Grosso, Brazil.
Auracle's Upgraded Geology methodologies use remotely sensed data to penetrate through vegetation and beneath overburden (unconsolidated soils, sands and sediments) to map large areas including structure, lithology, alteration, mineralogy and bedrock surface which support mineral exploration. This method of exploration is cost-effective, safe and an efficient method for analyzing geological information and identifying prospective hosts, deposits, trends and areas as they relate to the discovery phase of exploration. Remote sensing using fused radar and spectral optical satellite imagery provides necessary information to analyze geological information at or in the near surface, which has the ability to detect mineralization and alteration, map geological units, structures geology, faults, fractures, lineaments, and shear zones at surface and under cover; plus model physiography including terrain, bedrock, mineralogy, lithology, vegetation and water features. The 3-D bare rock model will be generated for an outlined area of interest (AOI) and a larger 1,500 square km regional envelope AOI will be analyzed and modelled using the Auracle 3-D radar model.
"What makes our mapping suite unique is that it combines radar and optical satellite data to penetrate vegetation ground cover, water, ice, rocks and soils. Our technology works at, near and under the Earth's surface so we can 'see' through things that no other technology can claim," explains David McLelland, president.
"We are excited to apply the Auracle system to model the structure, texture and lithology and to differentiate rock and formation types within this project area. We believe our geological interpretation and upgraded geological maps will help Maxtech understand the host system, and even when direct identification isn't possible, to narrow prospective targets," said Mr. McLelland.
About Maxtech Ventures Inc.
Maxtech Ventures is a Canadian-based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
We seek Safe Harbor.