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.

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 28^th 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.

 

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.

 

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.

 

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.