Developing Processes For The Low-Cost Manufacturing Of High Purity Silicon Metals For Next-Generation Lithium-ion Batteries

Achieved final critical milestones, completing a successful silicon pour

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Message: 2015 The Year for Greatness
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With the acquisition now completed, Uragold can now focus its attention on securing a non-dilutive financing required to complete a 9,000 cubic meters (m3) of auriferous till pilot-scale operation (Phase 1). The pilot-scale operation is needed to allow the corporation to establish a statistical distribution model for the nugget effect to the gold grade of the buried paleoplacer channel. This step is required to establish a resource category needed to complete the Feasibility Study ("FS") requirement of Quebec's the new Mining Act.

As previously mentioned, Quebec's Ministry of Natural Resources will grant Uragold a "conditional" Mining Lease over the Rang Chaussegros to complete Phase 1 once an Internal Preliminary Economic Assessment (PEA) and an approved Closure Plan is submitted. UBR will be authorized to start full-scale production (Phase 2) once a Feasibility Study ("FS") is submitted.


All of this in addition to Uragold's very high grade Silicon resource properties.
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Re: 2015 The Year for Greatness
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Tony T
Jan 27, 2015 08:42PM
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