A.I.S. Resources Signs a Contract for 26,000 Tonnes Manganese Fines Per Year – Shipping 1,000 Tonnes Every Two Weeks

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has signed a contract with an agricultural product manufacturer to supply 1,000 tonnes of manganese every two weeks for twelve months based on the weekly benchmark price. At the current grade and benchmark price this contract has an estimated gross revenue of US$274,400 every two weeks (US$7million/CAD$9.26 million per annum) based on US$274.40 per tonne. 

 Highlights of the AIS Resources Manganese Ore Contract:

  • Manganese sale price of $5.60 Dry Metric Tonne Unit (DMTU) for 49% Mn was negotiated at a 1.75% discount to the Platts Manganese 44% CFR lump benchmark price for the week of July 26 of $5.70 per DMTU (or one percent of manganese content).
  • Payment terms are by letter of credit with 90% upon vessel departure from Lima, and 10% upon CIQ analysis in China on arrival.
  • The contract includes the 200 tonnes of manganese already shipped.
  • Currently 300 tonnes of high-grade manganese ore fines has been loaded into twelve containers on a loose basis at Lima Port eliminating the cost of tuff bags.
  • Next shipment of 500 tonnes is expected on 15 August 2019.
  • The voyage to Tianjin, China is estimated at 35-37 days.

AIS Resources’ Contractor Is Opening the Victor Mine
The company has been working closely with our contract miner to open the Victor mine that shares the same manganese body as the San Jorge mine. Our Geologist visited the mine in the last two weeks and our mine engineer has completed the necessary mining design works. As additional equipment arrives this week we will be able to expand our production after the overburden is removed and benches in the pit are created. This will enable us to move toward our short-term target of producing 10,000 tonnes a month. 

AIS Resources President and CEO, Phillip Thomas stated, “I am delighted we have signed a long term contract with a substantial buyer on very competitive terms. Our logistics team is working very efficiently and we have improved our loading process eliminating the cost of tuff bags. 

We have engaged Impala/Trafigura to provide our shipping and export services resulting in substantial savings. This contract will underpin our expansion plans. As soon as we reach 5,000 tonne shipments we will revert to break-bulk Handymax shipping and realize further savings.”

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

A.I.S. Resources Ships 200 Tonnes High-grade Manganese Ore in Ten Containers to China on the “Tian Chang He” Container Vessel

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company’s initial trial shipment has been increased to 200 tonnes of manganese ore and shipped to China on the 66,380 tonne container vessel TIAN CHANG HE.

Highlights of the initial Manganese Ore shipment include:

  • 200 tonnes of high-grade fines manganese ore in ten containers was loaded onto the container vessel TIAN CHANG HE.
  • The container vessel departed Lima port at 11:13 pm, July 31, 2019.
  • No customs inspection delays were encountered on the first shipment, which is a credit to our professional freight forwarders and experienced in-house logistics team.
  • The voyage to Shanghai, China is estimated to be 35-37 days.
  • Bureau Veritas del Peru, an international assay surveyor sampled the cargo and provided the export assay analysis.
  • 300 additional tonnes have been bagged at the mine site in preparation for transport to the port for the next semi-monthly shipping.

Update on the near-term target of 10,000 tonnes Manganese Ore per month:
We are currently negotiating additional sales agreements to enable AIS to export 50 containers totaling 1,000 tonnes every two weeks from the San Jorge mine. As mining progresses at other locations this will be increased to our short-term target of 10,000 tonnes per month.

Other updates include:

  • AIS is negotiating additional sales/joint venture agreements for high-grade lump manganese products to enable the shipping of large quantities in break bulk handymax ships (>5,000 tonne lots).
  • Our Peruvian geologist and general manager have completed visiting nearby mines and outcrops over the past two weeks and are preparing reports for analysis. The objective is to add lump manganese to the AIS product line and ship in bulk.

Figure 1 – the Tian Chang He Container Vessel

Figure 2 – the next 300 tonnes of bagged manganese ore beside a new manganese ore stockpile

“We are delighted to have shipped our first ten containers this week,” stated AIS Resources President and CEO, Phillip Thomas. “Our due diligence and exploration with potential new joint-venture partners is going well, which will result in larger shipments as we refine our mining, logistics and sales contracts. To develop additional contacts and expand AIS’ exposure to the market, I’m looking forward to attending the China Manganese conference in late August 2019 in Ulanqab.”

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

A.I.S. Resources Announces Grant of Options

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that the Company has granted a total of 4,085,000 incentive stock options to various directors, officers, employees, and consultants of the Company. The stock options were granted on July 23, 2019 with an exercise price of $0.10 per share for a five-year period from the date of grant and vest immediately. The stock options granted are subject to the acceptance of the TSX Venture Exchange.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

A.I.S. Resources Delivers 150 Tonnes High-Grade Manganese Ore in Six Containers to Dockside – for Export to China

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company’s initial trial shipment of 150 tonnes manganese ore has arrived at Lima, Peru and has been loaded into six containers. AIS provides the following update:

 Highlights of the Manganese Ore initial shipment include:

  • 150 tonnes of high-grade fines manganese ore has been loaded into six containers to be shipped the week of July 28, 2019.
  • 350 additional tonnes has been bagged at the mine site in preparation for shipping.  
  • Centamin analysis of the 150 tonnes showed an average assay of 49.4% Mn, Fe 0.95%, SiO2 2.4% which is an excellent specification.
  • Manganese Ore has recently sold in the range $233- $250 USD per tonne for 44% Mn content ($5.30-$5.70 USD per percentage Mn)

Short-term target of 10,000 tonnes Manganese Ore per month:
After this initial cargo of 6 containers per week for three weeks, AIS will follow with 40 containers totaling 1,000 tonnes every two weeks from the San Jorge mine. As mining progresses at other locations this will be increased to our short-term target of 10,000 tonnes per month. 

  • AIS is also negotiating additional sales agreements for high-grade fines manganese products with several purchasers who will be receiving the trial shipments.
  • Our Peruvian geologist and General Manager are currently visiting three other mines in the Cajamarca area with the objective of adding lump manganese to the AIS product line.

Figure 1 – the first six containers at dock side, each with 25 tonnes of manganese loaded as part of the first 150 tonnes being shipped the week of July 28, 2019.Figure 2 – trucks being loaded with manganese ore in bags.Figure 3 – bagged manganese ore being unloaded from trucks and loaded into containers at the dock.

AIS Resources President and CEO, Phillip Thomas stated, “I am delighted we have completed loading the first six containers, and will be shipping manganese ore the week of 28th July 2019.  We are elated at the grade of the Manganese fines ore our supplier has been able to produce.”

About A.I.S. Resources

A.I.S. Resources Ltd. is a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

A.I.S. Resources Closes Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has completed the sale of 7,100,000 units (“Units“) at $0.05 per unit for gross proceeds of $355,000, (the “Private Placement“). The proceeds will be used for general working capital purposes.

Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given. The Company will pay no finders fees in relation to the Private Placement. The Common Shares issued pursuant to the Private Placement and the exercise of the warrants will be subject to a hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable Canadian securities laws. Closing is subject to final acceptance by the TSX Venture Exchange.

The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About A.I.S. Resources
A.I.S. Resources Ltd. a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

A.I.S. Resources Announces Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces a non-brokered private placement of up to 7,100,000 units (“Units“) at a price of $0.05 per unit for gross proceeds of $355,000. (the “Private Placement“). The proceeds will be used for general working capital purposes.

Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given. The Company may pay finders fees of up to 7% cash and 7% finders warrants on a portion of the placement. 

The Private Placement is subject to acceptance by the TSX Venture Exchange.

The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About A.I.S. Resources
A.I.S. Resources Ltd. a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

A.I.S. Resources Commences Shipping Manganese for Export from Peru

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has commenced its manganese shipping operations in Peru with a trial shipment of 150 tonnes manganese ore being readied to be trucked to Lima Port Callao the week of July 8, 2019.

 The Highlights of the Manganese Ore Sales Activities include:

  • A contract has been signed with the miner to buy 2,000 tonnes of manganese ore with samples from the mined ore averaging 45% MnO – as independently tested by internationally respected laboratory Centamin.
  • Terms of the purchase of the ore are 50% when trucking commences, and 50% when the assay is completed on each one tonne super bag received in our storage area. The Company has paid a 50% deposit for 1000 tonnes manganese ore.
  • Logistics and shipping contracts have been signed for an initial 6 containers per week (150 tonnes) for three weeks, then continuing with 40 containers per week (1,000 tonnes).
  • AIS is negotiating sales agreements with several purchasers for its high-grade fines manganese product.
  • AIS has a signed Offtake Letter of Intent with a division of China Minmetals for up to 40,000 tonnes of manganese ore per month.

Figure 1. shows 40 tonnes of manganese loaded as part of the first 150 tonnes to be trucked the week of July 8, 2019.

Figure 2. shows a significant number of the local community is participating in the loading operation. Next week they will load six trucks for the journey to Lima Port Callao.

AIS Resources President and CEO, Phillip Thomas stated,“I am delighted we have commenced shipping manganese ore and have signed all our logistics agreements. The trucking company is expected to start moving ore in the one tonne tuff bags the week of July 8, 2019. This will provide positive cashflow for AIS Resources operations. We will then focus on expanding our production to up to 10,000 tonnes per month.”

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders.The Company’s current activities are focused on the mining and trading of manganese ores in Peru and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1 747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1 604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

A.I.S. Resources Commences Manganese Export from Peru

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has commenced its manganese trading operations in Peru. The highlights include:

  • A contract has been signed with the miner and a deposit paid to buy 2,000 tonnes of Manganese Ore with samples from the mined ore averaging 45% MnO.
  • Terms of the purchase of the ore are 50% for 1,000 tonnes when trucking commences, and 50% when the assay is completed on each one tonne super bag received in our storage area.
  • A logistics and shipping contract has been negotiated for an initial 2 containers per week (50 tonnes) for three weeks, then continuing with 40 containers per week (1,000 tonnes). In Peru, customs officials typically only examine the first three shipments meaning the Company will incur examination fees on the first six containers only.
  • Container ships arrive every Tuesday and depart on Thursday, and carry up to 6,000 containers at a time, which are loaded in 48 hours.
  • A storage site outside Lima has been rented and the containers will be loaded with quality and quantity certificates issued by international surveyors SGS.
  • Buyer contracts in China will be finalized this week.

The Peruvian operation is being staffed by a General Manager, Mining and Quality Engineer, and Logistics Control Manager, with additional staff being added as required. During the week trenching and detailed geological mapping was completed on the El Zorro deposit. Due diligence work on other manganese deposits was also completed at the same time. AIS Resources is negotiating an offer to acquire an interest in the Sangal property. Surface mining on Sangal could commence immediately upon signing an agreement. Several other properties near main ports are being explored in the north and south of Peru.

Demand for Manganese in Steel and Lithium Battery Industries

  • Manganese is a critical and irreplaceable element used in steel production, and accounts for 80-85% of demand at the moment;
  • The steel industry is poised for continued growth, providing a steady source of demand for manganese. The metal is used in stainless steel, in military helmets, and in Hadfield steel.
  • Significant additional upside will come from clean-energy applications;
  • Electric vehicle batteries use manganese as a component of the cathode and electrolyte.
  • A Lithium ion manganese oxide battery (LMO) is a lithium ion cell that uses manganese dioxide, MnO2, as the cathode material. Cathodes based on manganese-oxide components are earth-abundant, inexpensive, non-toxic, and provide better thermal stability thus demand continues to grow.
  • Vertically-integrated companies will be the primary forward momentum drivers in the manganese industry.
  • Lithium and cobalt have been on an absolute tear, riding the wave of Tesla and the broader electric revolution. Manganese metal also used widely as a battery component is poised for increased investor interest as demand is set to outpace supply.
  • The production of aluminum alloys, accounts for the second-largest application of manganese. Aluminum alloy with manganese has increased corrosion resistance, thus, its widespread use for beverage cans.
  • The production of unleaded gasoline requires manganese as methylcyclopentadienyl manganese tricarbonyl to reduce engine knocking and increase octane rating.
  • The manufacture of chlorine and oxygen uses manganese, and drying black paints uses manganese dioxide (MnO2).

The Mn ore benchmark Brazil traded on 17 June 2018 at 48.50 Yuan per DMTU for manganese between 44-45%Mn, which equates at 43% to USD$7.02 CFR or USD $301.86 per tonne.

Fig 1. 2,000 tonne stockpile of 44% Manganese ore

Fig 2. Manganese ore ready to be mined in one of six areas of the mine.

AIS Resources President and CEO, Phillip Thomas stated, “I am delighted at the rapid progress we’ve made securing the first 2,000 tonnes with a well-organized, credible miner. We’ve also recruited a general manager, mine engineer and contracted a logistics company. The grade and size of the manganese is better than expected at this early stage and we look forward to exporting in the coming weeks. The trucking company is expected to start moving ore in one tonne tuff bags next week. This will provide a growing cashflow for AIS Resources in a growing sector that has considerable potential for upside and won’t experience the volatility of other metals such as cobalt. This strategy of trading and mining manganese underpins our future development and will reduce our reliance on capital raising. In the near future we will acquire mines and start our own mining operations to gain security of production”.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1 747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1 604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

A.I.S. Resources Closed Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has completed the sale of 7,901,000 units (“Units“) at $0.05 per unit for gross proceeds of $395,050, (the “Private Placement“). The proceeds will be used for general working capital purposes.

Each unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given.The Company will pay finders fees totaling$1,440 and issue 28,800 finders warrants. The Common Shares issued pursuant to the Private Placement and the exercise of the Warrants will be subject to a hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable Canadian securities laws. Closing is subject to final acceptance by the TSX Venture Exchange.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders.The Company’s current activities are focused on the exploration and development of lithium brine projects in northern Argentina and a manganese mining and trading venturein Peru.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

A.I.S. Resources Announces Updated Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) further to the Company’s news release of April 12, 2019 AIS has updated the non-brokered private placement to 7,901,000 units (“Units“) at a price of $0.05 per unit for gross proceeds of $395,050. (the “Private Placement“). The proceeds will be used for general working capital purposes.

Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given. The Company may pay finders fees of up to 8% cash and 8% finders warrants. 

The Private Placement is subject to acceptance by the TSX Venture Exchange.

The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the exploration and development of lithium brine projects in northern Argentina and a manganese project in Peru.  

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.