New results include its best gold intercept to date – 7.0 g/t over 12.4 metres, including 21.7 g/t gold over 3.3 metres.
International Battery intends to make additional private placements of up to about $13.6 million on similar terms to this placement.
Jason Liu replaces former CEO Mark Brinin, who is departing to pursue other opportunities.
According to the feasibility study, the projected capex of the Stage 1 operation is estimated at $83.5 million.
The government stated that if this amount is not paid within 15 days, it will petition to block the assets of Vale, BHP, and Samarco.
The updated mineral reserves and resources confirm the long production history of both assets, Sierra's CEO said.
The vanadium producer warned that if this funding scheme fails, it would have had no option but to apply for business rescue.
US-based researchers have incorporated robotic assistance in the manufacturing of wind turbine blades.
Panthera is increasing interest in the Kalaka gold project in southern Mali from 40% to 80%, while ditching its Nigerian assets.
