Fintech
E-Tech Resources Inc. Provides a Project Update on Its 100% Owned Eureka Rare Earths Project in Namibia
Halifax, Nova Scotia–(Newsfile Corp. – February 1, 2022) – E-Tech Resources Inc. (TSXV: REE) (FSE: K2i) (“E-Tech” or the “Corporation”) is pleased to provide an update on its exploration work on E-Tech’s Eureka Rare Earth Elements (REE) Project. This fully funded exploration program will support further resource definition as well as mineralogical and metallurgical test work.
The Project has sound project fundamentals because of its favorable geology, simplistic ore beneficiation and proximity to infrastructure. The Project is situated in the heart of the Erongo Region of Namibia, the “mining corridor of Namibia”, and is favorably located within 2km of the Trans-Kalahari tarmac highway, which provides tarred road links between the Namibian port of Walvis Bay on the Atlantic coast and Namibia’s capital city Windhoek. Neighboring mines include Rossing Uranium and Navachab Gold.
The corporation’s exploration program is geared towards fast-tracking exploration and development study work leading to the publication of an updated NI 43-101 compliant mineral resource estimate (MRE).
Elbert Loois, CEO of E-Tech Resources Inc., commented:
“We are pleased with advancing he Eureka Project and have a unique opportunity to build value at Eureka through further exploration and development work during an exciting time in the REE market. The Corporation is well poised to execute on its work plans with a strong technical team supported by strong management and our experienced Board.”
EXPLORATION HIGHLIGHTS OF THE LAST QUARTER
The corporation has continued to make significant strides in advancing the Eureka Project since 2020, with the exploration program designed to expand the current MRE (Independent Technical Report, Eureka Rare Earth Project, Namibia effective as of 2 August 2021 and released on 15 September 2021). In the first exploration campaign, a total of 2,450 meters of trenching, 3,306 meters of Reverse Circulation drilling (“RC”) and 5,761 meters of Diamond Drilling (“DD”) has been completed.
Assay results of the first 7 out of 20 DD holes were released on 10 November 2021, which highlighted the intersection of monazite bearing dykes up to 160 meters below surface and importantly more than 100 meters below the current MRE. Highlighted intersections are shown in Figure 1.
RC assay results, released on 1 December 2021, further confirmed the increased depth and lateral extent of the project’s surface footprint in Zones 1 and 3 towards the south and to the west, as depicted in Figure 2.
The complete set of DD assay results from the first drilling campaign is expected within the next weeks, dependent on lab processing time.
FIGURE 2: Plan view of drill hole positions at Eureka illustrating all assay results received to date, as of the press release dated 1 December 2021. The red dots are RC drill holes completed in 2017, while the purple areas represent the current 2021 Mineral Resource Estimate (MRE). The blue dots refer to the RC assay results received from the first drilling campaign in 2021.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6102/112303_cec4d244b41d1bea_002full.jpg
The second 5000m of RC and DD exploration in Zones 1, 2, 3 and 4 started in December 2021 and is planned to run until end February 2022 as announced in the company’s press release dated December 2, 2021.
The program consists of:
- 12 DD holes totaling 2,000 meters, across Zones 1, 2 and 3
- 34 RC holes totaling 3,000 meters, across Zones 1, 2, 3; and Zone 4 for the first time
- Further trenching of the wider exploration area.
This second campaign has been designed to confirm areas with monazite mineralization and further increase the project’s surface expression along strike and to depth. The DD pattern has been focused on delivering proof of resource mineralization at depth. The RC drilling and trenching are aimed at extending the current known surface trends.
The assay results of the DD and RC holes from the second exploration campaign are expected towards the end of Q1 2022, dependent on lab processing time.
The targets across Zones 1 to 4 are presented in Figure 3 with these drill targets prioritized according to surface geophysical, trenching, RC and DD exploration results.
The corporation has engaged LightDeepEarths (Pty) Ltd, South Africa, to conduct further mineralogical test work for assessing the optimal beneficiation route to provide a monazite concentrate. Earlier beneficiation test work, based on outcrop material, as performed by SGS Mineral Services in Q4 2016, has shown an optimum liberation of the monazite at a coarse fraction, with a 65% recovery of monazite by gravity separation alone. The concentrate was further upgraded by removal of magnetite by low intensity magnetic separation (“LIMS”) to a grade of 59.2% Total Rare Earth Oxide (TREO).
The geological and resource block modeling as a basis for the following MRE update are expected to be accomplished during H1 2022.
Eureka Technical Disclosure
The Corporation produced its current Mineral Resource Estimate (“MRE”) for the Eureka Project with an effective date of 2 August 2021. The MRE was prepared by SRK Consulting (UK) (“SRK”). An Independent Technical Report titled: “Independent Technical Report: Eureka, Rare Earth Project, Namibia” was released on the 15 September 2021 prepared by SRK, supporting the disclosure of the MRE, and is available on SEDAR and the Corporation’s website.
Quality Assurance / Quality Control
All E-Tech sample assay results have been independently monitored through a quality assurance / quality control (“QA/QC”) program including the insertion of certified standards, blanks and duplicate samples. QA/QC samples make up 10% of all samples submitted. Drill core is sawn in half on site and half drill-core samples are securely transported to Activation Laboratories Ltd. sample preparation facility in Windhoek, Namibia. The core is dried, crushed to 90% passing 2 mm, riffle splitting a 250 g sub-sample and pulverizing to 95% passing 105 µm. Sample pulps are sent to Activation Laboratories Ltd. in Ontario, Canada for analysis. REE analysis is by method 8-REE. The sample is milled to 95% -200 mesh. To ensure complete fusion of resistate minerals; lithium metaborate/tetraborate fusion is used with analysis by ICP-OES and ICP-MS. Mass balance is calculated as an additional quality control technique to ensure complete analysis.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/112303
Fintech
Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Fintech
SPAYZ.io prepares for iFX EXPO Dubai 2025
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Fintech
Airtm Enhances Its Board of Directors with Two Strategic Appointments
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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