Lithium Royalty Corp. Update on Thacker Pass Royalty Litigation Involving Orion Resources

Lithium Royalty Corp.

Lithium Royalty Corp. logo

TORONTO, Jan. 31, 2022 (GLOBE NEWSWIRE) — Lithium Royalty Corp. entered into an agreement to acquire 85% of Orion Resource Partners gross revenue royalty on Lithium Americas’ Thacker Pass lithium project in Nevada. Subsequent to reaching this agreement, Orion Resource Partners sold 60% of the Royalty to a third party. Lithium Royalty Corp. immediately filed an application in Ontario, Canada, to enforce its contract and to obtain an order for transfer of the royalty notwithstanding the subsequent Orion transaction.

Preliminary motions and applications have now been resolved, and Lithium Royalty Corp. anticipates the matter will be resolved against Orion by way of litigation in 2022. Lithium Royalty Corp. is seeking damages of $100 million USD plus specific performance of the conveyance of Orion’s 40% retained interest in the royalty.

Lithium Royalty Corp. is a diversified, top-line royalty company comprised of 15 irreplaceable energy transition materials royalties. In addition to its high growth thematic exposure to the Electric Vehicle and Renewable Power Storage megatrends, LRC is dedicated to its role in enabling global decarbonization by providing capital and intellectual property to top-quality battery material development projects globally. LRC integrates ESG factor criteria into its investment process and is a UNPRI signatory.

For more information, please contact info@lithiumroyaltycorp.com

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Peer-Reviewed Lifecycle Analysis Shows Conventional Production of EV Battery Metals Will Generate Significant Waste Streams But Could Be Reduced By Using Deep-Sea Nodules

Solid waste by metal

Increased production of battery metals will generate significant waste streams which could be reduced by using deep-sea polymetallic nodules

  • Peer-reviewed research commissioned by The Metals Company and published in the Yale Journal of Industrial Ecology finds that producing four key battery metals (nickel, copper, cobalt, manganese) from seafloor polymetallic nodules could reduce lifecycle solid waste by 59-93% compared to land ores.
  • Researchers modelled solid waste streams over the lifecycle of metal production, including mining, processing and refining, using a wide range of production pathways for both land ores and nodules.
  • Their analysis shows that producing electric vehicle (EV) battery metal feedstocks from land ores would on average generate over 270 kg of waste per every kg of nickel and 460 kg of waste per every kg of copper while nodule-derived values would be 83 and 29 kg of waste, respectively.
  • Booming demand for energy transition metals and a historic decline in ore grades on land have led to increased growth of solid waste streams which are likely to intensify as terrestrial mining continues its expansion into forested carbon sinks.
  • Polymetallic nodules lie unattached on the seafloor in the Clarion Clipperton Zone (CCZ) and contain high grades of four metals in a single ore, no toxic levels of heavy elements, and can be collected without digging, drilling or blasting.

NEW YORK, Jan. 31, 2022 (GLOBE NEWSWIRE) —  As the world faces a myriad of challenges in transitioning to clean energy, new research shows that seafloor polymetallic nodules could help meet massive new demand for EV battery metals like nickel while significantly reducing — and in some scenarios eliminating — the solid waste streams typically generated by metal production from land ores.

Published in the Yale Journal of Industrial Ecology, the new peer-reviewed study starts with a demand scenario of producing four metals (nickel, cobalt, manganese, copper) to supply one billion 75KWh EV batteries with a cathode chemistry of NMC 811 (80% nickel, 10% manganese, 10% cobalt). It then compares the solid waste streams generated during the production of these four metals from two sources: conventional ores found on land and polymetallic nodules with high concentrations of four metals in a single ore found on the seafloor of the Clarion Clipperton Zone (CCZ) of the Pacific Ocean.

Daina Paulikas of the University of Delaware’s Minerals, Materials and Society Program, said: “Over the past three years, my co-authors and I have undertaken a series of systems-based analyses considering comparative impacts of metals produced using seafloor nodules vs. land-based ores, including a peer-reviewed study on climate change impacts which noted up to a 90% reduction when sourcing metals from nodules. In our new publication, we set out to map the waste streams that may be expected as the world rushes to source metals to decarbonize our energy and transport systems, and to provide an integrated assessment of the risks that such waste flows entail.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ff427c0-f432-4a4a-9d42-9722c5bfdeab

Paulikas and co-author Dr. Steven Katona from the College of the Atlantic, added: “Overall, our combined quantitative and qualitative systems analysis — which included quantification and allocation of waste streams followed by a qualitative risk assessment for each waste stream — implies that the waste streams generated by nodules should be significantly smaller, and in most cases of lower overall impact, with the exception of seafloor and midwater sediment plumes whose effects are still under scientific investigation.”

Production of energy transition metals will need to increase six-fold by 2040 to meet the world’s ambitious climate targets, according to the International Energy Agency. The mining industry is already the single largest source of industrial waste on the planet. Meeting these goals would generate more than a six-fold increase in solid waste streams due to the continued decline in ore grades on land. The overall impact of these waste streams would likely become more severe as mining of metals like nickel is expanding into places with extreme biodiversity like the rainforests of Indonesia and the Philippines — the two countries where according to analysts most new nickel supply will come from in the coming decades.

Waste generation for a single EV

The researchers noted that every kilogram of class I nickel mined and produced today can result in between 50 to 160 kg of potentially toxic tailings that must be managed indefinitely. Production of nickel, cobalt, copper and manganese for a single EV with a 75kWh battery creates 40 to 61 metric tons of waste, around 50% of which is tailings. Over the next 20 years, this range is estimated to average 50-75 metric tons as copper and nickel ore grades continue to decline. The research suggests that using CCZ polymetallic nodules to produce battery metals over the next 20 years could reduce per-EV waste by 59 to 93%, including a 79 to 96% reduction in tailings.

Modelling a range of processing flowsheets – from near zero to very high solid waste — the researchers found that nodules delivered much smaller waste outputs, thanks in large part to the presence of high grades of four metals in a single ore and an absence of toxic levels of heavy elements that enables the design of metallurgical flowsheets with near-zero solid waste.

As concerns grow regarding the environmental and social implications of land-based mining and processing tailings — often toxic waste that must be contained inside engineered dams indefinitely, dry-stacked and protected or disposed of in the ocean — the massive deposit of polymetallic nodules in the CCZ offers a pathway to greatly reduce the waste footprint of the clean energy transition. Researchers note that while there is no overburden to remove from the abyssal plain to access the polymetallic nodule resource, the collection of nodules disturbs seafloor sediment and the resulting sediment plume has been treated as a waste stream.

“Our systems analysis included quantification of the expected amount of sediment plumes, both at the seafloor and at the point of reinjection of seawater used for nodule transport in the riser (~1000 m below sea level or deeper), because disruption of this mass is a cause of concern for harming species and habitats of the abyssal seafloor and the midwater column,” added Dr. Katona. “In our analysis, sediment plume is the single biggest waste stream that would be generated by metal production from nodules. As more research institutions and polymetallic nodule companies perform their collector tests and publish their research and Environmental Impact Statements, it will be possible to further refine our quantifications of plumes and better characterize their impacts.”

About The Metals Company

TMC the metals company Inc. (The Metals Company; TMC) is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. The company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. More information about The Metals Company is available at www.metals.co.

Forward Looking Statements

Certain statements made in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements contained in this press release include, without limitation, statements that waste streams could be reduced by using deep-sea nodules. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside TMC’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: regulatory uncertainties and the impact of government regulation and political instability on TMC’s resource activities; changes to any of the laws, rules, regulations or policies to which TMC is subject; the impact of extensive and costly environmental requirements on TMC’s operations; environmental liabilities; the impact of polymetallic nodule collection on biodiversity in the CCZ and recovery rates of impacted ecosystems; TMC’s ability to develop minerals in sufficient grade or quantities to justify commercial operations; the lack of development of seafloor polymetallic nodule deposit; uncertainty in the estimates for mineral resource calculations from certain contract areas and for the grade and quality of polymetallic nodule deposits; risks associated with natural hazards; uncertainty with respect to the specialized treatment and processing of polymetallic nodules that TMC may recover; risks associated with collection, development and processing operations; fluctuations in transportation costs; testing and manufacturing of equipment; risks associated with TMC’s limited operating history; the impact of the COVID-19 pandemic; risks associated with TMC’s intellectual property; and other risks and uncertainties, including those in the “Risk Factors” sections, included in the final prospectus and definitive proxy statement, dated and filed with the Securities and Exchange Commission (the “SEC”) on August 12, 2021 relating to the business combination, in TMC’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed by TMC with the SEC on November 15, 2021, and in TMC’s other future filings with the SEC. TMC cautions that the foregoing list of factors is not exclusive. TMC cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. TMC does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except as required by law.

More Info

Media | media@metals.co
Investors | investors@metals.co

Continu, the World’s First Learning Amplification Platform™, Secures $13.5M in Funding

NEW YORK, Jan. 31, 2022 (GLOBE NEWSWIRE) — Continu.com, the world’s first Learning Amplification Platform™, announced the closing of a $13.5 million Series A investment led by Five Elms Capital, with participation from existing investors Reformation Partners and Geoffrey T. Barker, Chairman of Smartsheet.

Continu plans to leverage the investment to expand on its vision of reimagining the future of workplace learning by scaling its product offerings and expanding its global team.

With the growing need for workplace learning, Continu is driven to innovate and transform the way companies train and develop their teams, customers, and partners. Continu’s modern Learning Amplification Platform™ enables teams of any size to create a learning culture, author content, integrate with modern tools, measure training effectiveness, and scale to any audience.

“As the war for talent increases, it has never been more important for companies to upskill and develop their teams as well as enable their customers. With this new round of capital, we’re excited to bring Continu to even more organizations as we expand both our product offerings and our teams. We’ve always built products centered around the needs of our customers and this new investment will allow us to move even faster to meet their growing needs,” said Scott Burgess, CEO of Continu.

Some of the world’s most recognizable brands use Continu, including Slack, GoPro, Impossible Foods, OneMedical, Upwork, and many others. Continu has seen 200% year-over-year revenue growth and its team has grown over 400% in 2021.

“Continu’s impressive growth – both in revenue and team members – speaks volumes to its mission-critical product that is solving real pain points for its customers,” added Stephanie Schneider, Partner at Five Elms. “We are excited to partner with Continu and double down on the company’s commitment to delivering a high-quality product to its customers while attracting and retaining best-in-class talent.” 

“Continu is so compelling because it powers learning both inside and outside an organization,” added David Rogg, Partner at Reformation Partners. “Major enterprises sign up with Continu for an internal use case, and thanks to the robustness of the software, quickly expand to make Continu the learning system-of-record for external stakeholders as well. This enables Continu to reach a wide population of end users, well beyond the four walls of their clients.”

As Continu looks to scale its team, the company is dedicated to maintaining its remote-first culture. “Given our mission to be the single source of truth for learning within organizations, Continu is dedicated to attracting and developing world-class talent and continuing to build our highly collaborative, winning culture,” said Scott Burgess.

About Continu

Continu is the World’s First Learning Amplification Platform™ helping enterprises take workplace learning to the next level. As a software as a service (SaaS) platform, Continu helps companies with training internal and external users, learning automation, content authoring, and real-time training measurement.

About Five Elms

Five Elms Capital is a leading growth investor in world-class software businesses that users love. Five Elms provides capital and resources to help companies accelerate growth and further cement their role as industry leaders. Five Elms maintains offices in North America and Europe and invests in the best software platforms globally.

press@continu.com

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jooli Redefines the Online Shopping Experience

The German video shopping expert is coming to India

Jooli India

JAIPUR, India, Jan. 31, 2022 (GLOBE NEWSWIRE) — jooli, currently Europe’s fastest-growing and most intuitive video shopping app, is now hitting the Indian market. jooli in India has been launched by the European founders together with Prashant Sharma and Ritesh Badia. “We see great potential in India because the market is ready for a new online shopping approach”, says Prashant Sharma, Co-founder of jooli in India. The app allows users to enjoy unique products in entertaining videos that lead them directly from the app to the product partner website, where they can place their order. At the same time, the app’s AI system constantly learns new things: each swipe indicates to the app which products are of interest to users. This allows jooli to provide increasingly accurate suggestions. The app’s focus lies on beauty, lifestyle and culinary products and has already been downloaded over 100,000 times.

Browsing and shopping online without privacy concerns

The jooli app is easy to use for shoppers, offering them full privacy protection, as the buying process is fully carried out through the online shop of the respective product partner. Prashant Sharma says: “Data protection is very important; our AI uses only anonymized data that does not allow any conclusions to be drawn to individual persons”.

jooli is a video shopping app and a community at the same time

The team’s community approach creates another key advantage of jooli: its fairness factor. “Our product partners maintain direct customer contact,” explains Co-founder Ritesh Badia. Orders are placed directly in the store of the respective product partner. “In addition, product partners can network with each other on jooli, which enables them to benefit from the buying interests of their customers and to generate additional sales in the form of commissions.” Video views on jooli more than double every month; this concept resonates well with target audiences.

“The feedback from our product partner brands has been very positive so far. We will now continuously expand the offering and product range in our app. At the same time, we have created a great new way to become part of the jooli community through our jooli ambassadors. We look forward to announcing more details about this exciting program soon,” says Ritesh Badia.

About jooli
jooli is Europe’s fastest-growing video shopping app: it is user friendly, intelligent and has entertainment value. The app inspires with products presented in short, entertaining videos. Users navigate through a broad product portfolio of diverse brands via swipe and are offered personalized shopping and gift ideas. Founded in Berlin in 2021 by Wolfgang Boyé’s team, the startup makes online shopping as entertaining as city shopping. Product partners receive an intuitive content platform through their specially produced product videos to tap into new target groups. The jooli app is available for iOS and Android.

More information under  https://www.jooli.in/

Contact

Jooli India I Prashant Sharma I Mobil: 91-9351566241  I prashant.sharma@jooli.com
Ritesh Badaya | 91-9571799696 | ritesh.badaya@jooli.com

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Image 1: jooli India

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Cambodian PM: Capital City in Dramatic Progress

Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen said Phnom Penh, the capital city, has seen dramatic progress and been expanded from 300 to some 700 square kilometres nowadays.
Addressing to the groundbreaking ceremony for a new flyover in Khan Russey Keo, Samdech Techo Hun Sen said after the Jan. 7, 1979 liberation day over the Khmer Rouge regime, there is only a 7-floor building in Phnom Penh, but today there are about 1,603 buildings.
The Premier continued that the capital has now 926 buildings from 5-9 floors, 452 buildings from 10-19 floors, 120 buildings from 20-29 floors, 65 buildings from 30-39 floors are, and 40 buildings of 40 floors and over.
Samdech Techo Hun Sen also reaffirmed the progress of the people’s lifestyle and living standard.
The new flyover will be built along the National Road No. 5 at Sangkat Russey Keo, Khan Russey Keo to ease the capital’s traffic. The construction, conducted by Overseas Cambodian Investment Corporation Ltd. (OCIC), will take about 15 months with an estimated cost of nearly US$10 million.
The flyover stretching 483 metres long is 15.8 metres wide and 5 metres high.
There are currently five flyovers in Phnom Penh: Kbal Thnal Flyover inaugurated on June 24, 2010; January 7 Flyover inaugurated on Jan. 6, 2012; Stung Meanchey Flyover inaugurated on July 31, 2014; January 5 Flyover inaugurated on Jan. 5, 2016; and Stop Psar Dey Hoy Flyover inaugurated on July 2, 2018.

Source: Agency Kampuchea Press