A.I.S. Resources Arranges a Monthly Manganese Supply of 1,500 Tonnes and Sells Initial Shipment of 454 Wet Metric Tonnes Manganese

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Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has arranged 1,500 tonnes a month of manganese supply. 

 Highlights of the AIS Resources Manganese Production from Peru:

  • AIS has contracted 1,500 tonnes per month of supply from the following sources:
    • Arce Manganese group has 1,000 tonnes available for supply and can provide 1,000 tonnes per month of 43% Mn.
    • San Jorge mine has 525 tonnes ready to ship to the specification contracted. A sample of the 525 tonnes mined showed 54% MnO. This supply has been paid for.
  • AIS has paid a deposit to Sudamerica for 500 tonnes of 44% lump manganese (“Mn”).

Figure 1 Assay Results – San Jorge Mine Peru

  • We are obtaining quotes to ship from Salaverry Peru, reducing our trucking costs and shipping by loading bags directly into the hold of handymax ships.
  • The current market price for low iron content Manganese is $4.35 per point or at 44% MN benchmark $191.40 per Wet Metric Tonne. Our suppliers have lowered their prices in line with the reduction in the market price to enable A.I.S to maintain profits.

Expanding Supply of Manganese

  • Our CEO visited Bolivia in the past week and has sampled the seller’s ore which assayed at 59.4% MnO or approximately 45.7% Mn. They have the capacity to produce 30,000 tonnes per month and the resource is estimated at 1,000,000 tonnes. The product will be shipped from Antafagasta in Chile. AIS is currently investigating trade finance for up to $5 million per month.

Figure 2 Assay Results – Bolivia

  • We are negotiating with a supplier from Namibia for 10,000 tonnes a month of 44% Mn, on a CFR basis Tianjin, China.

“After a lot of hard work I am delighted we made good progress to expand our production supply capacity. Our CIQ certificate will open the door to access many more buyers around the world and key Japanese traders.” AIS Resources President and CEO, Phillip Thomas stated, “The use of manganese in steel is expanding from the construction industry to the high wear mining equipment market. For example, Xtraalloy steel has 24% Manganese. We will be targeting these producers who require up to 50,000 tonnes a month”.

AIS Resources Sells 454 Tonnes Manganese to Chinabase
AIS has sold 454 tonnes of manganese to Chinabase, a large trading company in China. The 21 containers are currently being sampled by China Import and Quarantine (“CIQ”). Payment is expected when CIQ is completed.

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 Signs Option Agreement on New Lithium Solvent Extraction Technology

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Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that it has signed a 120 day  option agreement with Ekos Research to invest US$1m for 15% equity in its break-through SOLVEX solvent extraction process.

Highlights:

  • The process is the culmination of three years research and development by Ekos Research, University of Melbourne and University of Tsinghua, China.
  • Lithium extraction rates exceeded 99% and were able to produce greater than 99.2% purity lithium.  More than 90% of the solvents can be reclaimed and it has 98.5% efficiency in removing major ions such as magnesium, calcium, potassium and boron.
  • The process is much more economic than fractional crystallization as no ponds are required, reducing the investment by more than 60%. It is very efficient at handling high magnesium brines that pose a serious recovery problem using other technologies such as membranes, reverse osmosis, ion exchange and fractional crystallization.
  • The US$1m investment will go towards building a pilot plant in Melbourne that will be subsequently shipped to Salta, Argentina, where brines will be processed to demonstrate commercial viability.
  • Pilot plant construction is expected to be completed 9 months after funding is received.

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 Announces Grant of Options

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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 500,000 incentive stock options to various directors, officers, employees, and consultants of the Company. The stock options were granted on September 26, 2019 with an exercise price of $0.12 per share for a five-year period from the date of grant and vest immediately.

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

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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 2,322,250 units (“Units“) at $0.08 per unit for gross proceeds of $185,780, (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 $0.12 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 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 Produces Next 1,000 Tonnes Manganese and Receives Strong Buying Interest at Ulanqab FerroAlloyNet Manganese Conference

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Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that 1,000 tonnes of manganese has been mined, consistent with our production target of 1,000 tonnes to be produced every two weeks.

 AIS Resources’ Updated Highlights of Our Current Manganese Production:

  • 600 of the next 1,000 tonnes has been bagged and readied for road transport to the port.
  • At the port bags will be emptied and loose manganese ore will be loaded in containers thereby eliminating the $60 bag cost per container. More importantly this shipping method enables AIS to completely fill the containers and ship higher tonnage reducing shipping cost per tonne.
  • To date, government customs analysis has certified the 21 containers sent at 43.24% Mn and 1.57% Fe.
  • The next shipment of 1,000 tonnes is expected to be shipped mid-September with a total of 2,000 tonnes to be completed by the end of September.

Figures 1 and 2: First 600 of the next 1,000 tonnes bagged and readied for transport to the port.

AIS Resources’ Contractor Working On the Victor Mine
Two excavators are currently working at the Victor mine site and two more pits will be opened at the San Jorge mine allowing us to fulfill our production schedule. This helps us continue to move toward our short-term target of producing 10,000 tonnes a month. 

AIS President Attends FerroAlloyNet 16th International Manganese Products Conference
AIS Resources CEO, Phillip Thomas attended the FerroAlloyNet Conference where he engaged a number of significant buyers and traders in discussions to buy manganese from AIS in Peru. There was a strong preference for buying from Peru versus Brazil or Africa due to the country’s stable production environment and mining focus.  

“I am delighted with the positive reception our manganese product received at the Conference,” stated Phillip Thomas, President and CEO. “We have significant interest from buyers at the prices we are seeking for the manganese grades we are producing. We continue to expand our production capacity and our logistics team is producing all the required documentation and analysis certificates. ”

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 Signs a Contract for 26,000 Tonnes Manganese Fines Per Year – Shipping 1,000 Tonnes Every Two Weeks

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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

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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

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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

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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

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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.