RobertJames
10年前
Highbank's (TSX: HBK) (FRANKFURT: V7O) Swamp Point North Aggregate Plant Is Now Commissioned
VANCOUVER, BC--(Marketwired - April 14, 2015) - Highbank Resources Ltd. (the "Company") (TSX VENTURE: HBK) (FRANKFURT: V7O) -
Victor Bryant, CEO/President comments,
"Another Major Milestone has been Reached. Our Director- Jim Place, P.Geo. was on site for the commissioning of the wash plant, cone crusher, jaw crusher and stacking conveyor systems. To view the first production video (click #1 below). Mr. Place took several samples of the first production, adhering to proper handling protocol procedures. The samples were delivered to a certified testing laboratory in Terrace, B.C. where standard construction aggregate tests will be conducted to ensure compliance with end user specifications. Mr. Place also delivered samples of the initial Swamp Point North ("SPN") quarry run to sand and gravel consumers in Prince Rupert. The quality of our aggregates was well received. A potential new client will be visiting the operation in the next two weeks to ensure the compatibility of our load-out facility with their marine transport systems."
"Currently the plant is being used to produce crushed gravel for onsite haulage road and stockpile site upgrades. Once these improvements are completed SPN will move into full plant production mode and begin preparing aggregate stockpiles for shipments."
"Within a year of receiving our mine operating permit, we have seen the SPN -Portland Canal Quarry Project obtain funding, procure and transport to the site all necessary equipment, establish a year round camp, logged and cleared the site and expanded a road haulage network, construct a $multi- million marine load-out system, build a water recirculation pond for the aggregate washing plant, and commissioned all equipment for a fully functioning oceanside sand and gravel operation."
"We would like to thank all the parties involved, from investors to construction personnel for their optimism and confidence throughout these difficult market times, and the construction period. Highbank intends to continue its positive and productive pace, as we become a major aggregate supplier on the northwest coast of British Columbia, Canada."
3rd Annual Canadian LNG Exports Multi-Stakeholder Collaboration Initiative 2015 - April 15 & 16, 2015
Highbank' s Directors and Consultants will be exhibiting and attending for the second year at the Canadian LNG Exports Conference taking place at the Pan Pacific Hotel. The Conference attendees will be examining collaborate solutions for accelerating final investment decisions for Canadian LNG Export Projects by identifying opportunities for partnerships between terminal proponents, upstream producers, pipeline proponents, local communities, First nations, Asian buyers and Government bodies.
#1 - SPN Production video http://ow.ly/LyWYm
#2 - http://ow.ly/Lz436 (classical) & http://ow.ly/Lz0w2 (LP)
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant, CEO/President
RobertJames
10年前
Highbank Resources (TSX VENTURE: HBK) SPN Quarry Project & LNG Updates
VANCOUVER, BC--(Marketwired - February 19, 2015) - Highbank Resources Ltd. (the "Company"), (TSX VENTURE: HBK).
Victor N. Bryant, CEO/President reports: "A crew at Swamp Point North ("SPN") has recently returned to the site and is active clearing snow, upgrading and maintaining roads, and logging/clearing further quarry area for stockpiles. Khtada Environmental Services LP monitoring personnel were on site last week taking samples in compliance with our Mines Act Permit. A supply barge left the Port of Prince Rupert, Wednesday morning to arrive later today. The barge manifest included specific winter weather materials -- chains for the 30 ton rock trucks, corks/spikes for the bulldozer, winter camp supplies and additional large diameter culvert pipes for appropriate road and drainage use."
"I will be arriving at the SPN project today with Stan Spletzer (V.P. of Aggregate Operations) and Bill Faulhaffer (Journeyman Quarry Operations Manager), who will be in charge of the day to day operations of our quarry operation. Also accompanying us will be a Micon International engineer to commence work on the PEA study as per our February 16, 2015 new release."
"The SPN project crew was making ready to move on site for February 1, 2015 when a significant snow event occurred. Presently, there is about three feet of snow on site, but we can see no reason that we, as a Canadian Company are going to stop progress for snow. Additional crews are expecting to arrive to SPN Friday, February 20th to further enhance roads; excavate discharge settling ponds for the wash plant; commission the wash plant, move the jaw crusher to optimal positioning and commission the jaw crusher; install culverts for further water runoff management; expand shoreline area for stockpiling and shipping finished aggregates; and last but not least, commission the quarry and plant to process through the first of many barge loads of aggregate for 2015 anticipated sales."
LNG Developments:
'Northern View' - Prince Rupert news….. Prince Rupert LNG (a partnership with BG Canada and The Westcoast Connector Gas Transmission Project) have opened a community engagement office at 610 - 2nd Ave. in Prince Rupert, B.C. and welcomes you to come by and visit them to discuss their Ridley Island LNG project or visit their website at www.princerupertlng.ca.
Also, Aurora LNG (a joint venture between Nexen Energy ULC -- a CNOOC Limited company, INPEX Corporation and JGC Exploration Canada Ltd.) will be opening their community office at 344, 2nd Avenue West in Prince Rupert in early March or visit their website at www.auroralng.com. For more information about the B.C. environmental assessment process, go to www.eao.gov.bc.ca. A Community Information Open House has taken place on February 18th in Prince Rupert in addition to the BC Environmental Assessment Office (BCEAO)-led public comment periods that are part of the environmental assessment process. Aurora LNG is currently studying the viability of constructing and operating a LNG facility and marine terminal, near Prince Rupert, on Digby Island. Feedback received from the Open House will be considered by the Aurora Project team, along with environmental, technical and socio-economic considerations.
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant, CEO/President
RobertJames
10年前
Highbank (TSX VENTURE: HBK) Comments on Landmark B.C. LNG News -- Exxon, Nisga'a, PRGT, JAPEX
VANCOUVER, BC--(Marketwired - November 25, 2014) - Highbank Resources Ltd. (the "Company"), (TSX VENTURE: HBK) (FRANKFURT: V7O).
Victor N. Bryant, CEO/President comments, "I am pleased to list and comment on recent news stories and events that could have a direct impact and/or are relevant to the development of the Swamp Point North operation."
20.11.14 Nisga'a Nation signs onto LNG project
"The opportunity to be an active player in the LNG industry is the kind of opportunity for which our elders struggled for over a century, so we could achieve sustainable prosperity for our people into the next century, our elders have told us, now is the time to be bold and move forward." -- Nisga'a Nation President, Mitchell Stevens.
Victor N. Bryant, CEO comments, "I commend the elected officials and elders of the Nisga'a Nation for an agreement that helps ensure a prosperous future for the Nisga'a people. The Nisga'a are our neighbors and Highbank will always support them in their endeavors." Story: http://ow.ly/EDwz3
20.11.14 Exxon Mobil Canada joins B.C. LNG Alliance
"The alliance states Exxon Mobil Canada has a licence to export as much as 30 million tonnes of LNG annually and the company has entered an option agreement with the City of Prince Rupert for a site at Tuck Inlet."
CBC story: http://ow.ly/EDiO6 Area Map: http://ow.ly/EDdTL
This news is well received by Highbank, as this LNG site is yet another potential major location for sales of the Company's construction aggregates.
14.11.14 Site Inspection
Our director, Mr. Jim Place met on site with representatives of an International engineering firm tasked with identifying viable sources of construction aggregate for an unnamed multinational energy corporation. Mr. Place came in from Stewart, B.C. by company workboat to meet the Engineers who flew in to the site by helicopter. The inspection was completed and Mr. Place will be providing details of the initial sample test reports to the engineering firm.
13.11.14 JAPEX Breaks ground on its "Soma Port" LNG terminal -- Fukushima Prefecture
Vic Bryant comments, "The official JAPEX press release affords some very telling insights as to the production timing for the Petronas led PNW LNG consortium (JAPEX 10% -- 12 million ton stake). The press release specifically references the source of the LNG coming to this new terminal as from the Port of Prince Rupert, although they further stated the terminal will be receiving LNG from other un-named sources. Scheduled start of operations, March 2018."
Official JAPEX English version news release with groundbreaking ceremony photos. http://ow.ly/EDaCf
12.11.14 City of Prince Rupert Outlines plans for Camp sites
The City of Prince Rupert has singled out potential sites for a construction workers' camp and storage/material handling area. "This is a zone to facilitate activities within our zoning bylaw that will take place for a finite period of time," Robert Long, Prince Rupert city manager, said during the Nov. 3 council meeting.
News story here: http://ow.ly/EDo5W
11.11.14 Prince Rupert Gas Transmission ("PRGT") signs milestone agreement with the Nisga'a Nation
"First Nations are going to look to this agreement as a concrete example of what can be done between a company like TransCanada and First Nations". -- See more and video at: http://ow.ly/EDryw
11.25.14 Upcoming Event
Victor N. Bryant comments, "Highbank's Directors will be meeting with a European sub sea pipeline laying company to discuss opportunities for providing aggregates for bedding purposes. It would seem likely given the frequency and timing of the above events that a major LNG project starting is soon to be announced."
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant,
CEO/President
EconomicPuzzles
10年前
Descending Triangle Update
The triangle has confirmed per its breakdown on Thursday this week . It did in fact print the low .20's . In an earlier post of mine I had mentioned that its formation began July 31 . This is wrong . Its actual formation began on July 21 at the 38 cent top ,according to my interpretation .
Since the chart above is a chart from Stockcharts.com , I will use their definition to describe what sort of a target point could be anticipated concerning price .
Per the Stockcharts.com website , here below is each individual part of the pattern ,
The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Regardless of where they form, descending triangles are bearish patterns that indicate distribution .
1-Trend: In order to qualify as a continuation pattern, an established trend should exist. However, because the descending triangle is definitely a bearish pattern, the length and duration of the current trend is not as important. The robustness of the formation is paramount.
2. Lower Horizontal Line: At least 2 reaction lows are required to form the lower horizontal line. The lows do not have to be exact, but should be within reasonable proximity of each other. There should be some distance separating the lows and a reaction high between them.
3. Upper Descending Trend Line: At least two reaction highs are required to form the upper descending trend line. These reaction highs should be successively lower and there should be some distance between the highs. If a more recent reaction high is equal to or greater than the previous reaction high, then the descending triangle is not valid.
4. Duration: The length of the pattern can range from a few weeks to many months, with the average pattern lasting from 1-3 months.
5. Volume: As the pattern develops, volume usually contracts. When the downside break occurs, there would ideally be an expansion of volume for confirmation. While volume confirmation is preferred, it is not always necessary.
6. Return to Breakout: A basic tenet of technical analysis is that broken support turns into resistance and visa versa. When the horizontal support line of the descending triangle is broken, it turns into resistance. Sometimes there will be a return to this newfound resistance level before the down move begins in earnest.
7. Target: Once the breakout has occurred, the price projection is found by measuring the widest distance of the pattern and subtracting it from the resistance breakout.
stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:descending_triangle_continuation
In this case the descending triangle projects a potential low target at 13 cents . This price projection would be considerably below what I deem to be an important support point at .185 . And if it were to drop to as low as 13 cents ,then I would expect it to continue downwards and wipe out the parabolic curve in totality .
You can also debate where the triangle originally began . Some would say it is a continuation pattern from a prior descent and the peak of the triangle was on September 16 at 31 cents and its support was at 25 cents , projecting a low at 19 cents . I'll leave that part for you to determine .
EconomicPuzzles
10年前
ANOTHER DELAY AS ANTICIPATED !!!!
3 and 4 . Weather related = Mudslide = slippery when wet . Technical difficulties = wasn't easy getting the plant up that slope due to slippery conditions caused by extreme weather , took time(delay) and an unforeseen increase in expenditures .
"The task of moving the plant from sea level up 200 feet through three switchbacks was a difficult move "
"Victor Bryant comments…"At this juncture I would like to apologize on behalf of myself, the management, contractors and employees for the delay in the SPN production timetable. Extreme weather conditions directly impacted our proposed plans, both in the removal of the overburden and the installation of key equipment."
I said an unforeseen increase in expenditures , However, we on this thread anticipated technical difficulties could be a possibility . Extreme precipitation during this seasonal period is not a surprise . Always expect projects to take more time and to cost more money .
RobertJames
10年前
Highbank (TSX VENTURE: HBK) -- Swamp Point North Site Update
VANCOUVER, BC--(Marketwired - November 06, 2014) - Highbank Resources Ltd. (the "Company") (TSX VENTURE: HBK).
President/CEO Victor Bryant reports.
Highbank's crew have moved the wash/screening plant and cone crusher to their final operational location adjacent to the Swamp Point North ("SPN") deposit. The task of moving the plant from sea level up 200 feet through three switchbacks was a difficult move. The wash plant and cone crusher (a +$400,000 piece of equipment) weighing approx. 80,000 lbs required careful handling. To ensure the safety of the crew and the equipment, Highbank barged in additional equipment for this move. A specialized semi-trailer tow truck was employed to act as a brake should the plant lose its purchase on the steep slope. Further specialized air bags were employed to alleviate any offsetting forces while an excavator traveled alongside ensuring no side forces deterred progress.
Over the course of the week a journeyman electrician will be powering up both the wash plant and the conveyor barge load-out facility. The power will come from two separate generators; one to supply the wash plant and the second for the barge loading conveyor facility.
Victor Bryant comments…"At this juncture I would like to apologize on behalf of myself, the management, contractors and employees for the delay in the SPN production timetable. Extreme weather conditions directly impacted our proposed plans, both in the removal of the overburden and the installation of key equipment. Of paramount importance in all our endeavours on the SPN project is the safety of all contractors, employees and equipment. The Company will not compromise these criteria now, or in the future."
It is anticipated that improved weather conditions forecast for November will assist in preparing the settling ponds for collection of the wash plant water sprays and enable the roads to be improved for hauling aggregate to the load-out hopper. Achievement of these objectives will regain some of the time lost as we progress towards our final goal.
Loan-Bonus Shares
Further to the TSX Venture Exchange acceptance for filing bulletin of October 27, 2014, the Company has issued a total of 227,273 bonus shares at a deemed price of $0.22 to various arm's length parties in consideration of loans advanced totaling $500,000. The shares are subject to a hold period from trading until February 28, 2015
stocktrademan
10年前
$HBKRF DD Notes ~ http://www.ddnotesmaker.com/HBKRF
bullish long term chart
$HBKRF recent news/filings
## source: finance.yahoo.com
no recent news found
*********************************************************
$HBKRF charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$HBKRF company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/HBKRF/company-info
Ticker: $HBKRF
OTC Market Place: Grey Market
CIK code: not found
Company name: Highbank Resources Ltd.
Company website: http://www.highbankres.com
Incorporated In: British Columbia, Canada
Business Description:
$HBKRF share structure
## source: otcmarkets.com
Market Value: $515,655 a/o Oct 24, 2014
Shares Outstanding: 2,117,679 a/o Jan 28, 2002
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$HBKRF extra dd links
Company name: Highbank Resources Ltd.
Company website: http://www.highbankres.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=HBKRF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=HBKRF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=HBKRF+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/HBKRF/news - http://finance.yahoo.com/q/h?s=HBKRF+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/HBKRF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/HBKRF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=HBKRF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/HBKRF
DTCC (dtcc.com): http://search2.dtcc.com/?q=Highbank+Resources+Ltd.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Highbank+Resources+Ltd.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Highbank+Resources+Ltd.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.highbankres.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.highbankres.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.highbankres.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/HBKRF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/HBKRF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/HBKRF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=HBKRF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=HBKRF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/HBKRF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=HBKRF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=HBKRF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=HBKRF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=HBKRF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=HBKRF+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/HBKRF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=HBKRF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/HBKRF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=HBKRF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/HBKRF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/HBKRF/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/HBKRF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/HBKRF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/HBKRF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=HBKRF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=HBKRF
$HBKRF DD Notes ~ http://www.ddnotesmaker.com/HBKRF
RobertJames
10年前
Highbank (TSX VENTURE: HBK) Applauds B.C. Government's Reduced LNG Levy
VANCOUVER, BC--(Marketwired - October 24, 2014) - Highbank Resources Ltd. (the "Company") (TSX VENTURE: HBK) (FRANKFURT: V7O).
President/CEO Victor Bryant comments… "The Highbank board of directors whole-heartedly applaud B.C. Premier Christy Clark and her Ministers on their revised B.C. LNG export levy." This revised tax structure should most assuredly entice the energy behemoths (1) of the recently formed B.C. LNG Developers Alliance, comprising Malaysian state controlled Petronas-led Pacific Northwest LNG; Shell Canada Energy-led LNG Canada; BG Group PLC's Prince Rupert LNG; and the Kitimat LNG project, which is co-owned with the Canadian units of Chevron.
Commenting to Bloomberg, one of the Alliance members (Royal Dutch Shell) stated, "We are pleased to have certainty on a final B.C. LNG tax framework". David Keane, President of the BC LNG Alliance added, "We appreciate the fact that the government has revisited their original tax."
LNG Canada, the Kitimat-based LNG project led by Shell, issued a further statement that appears supportive of the government tax structure unveiled Tuesday. "We are of the view that the BC LNG tax framework announced by the government provides balance and consideration of the global challenges in the LNG marketplace faced by the LNG sector in B.C.," the company said in a statement. "We consider it an important input to our decision-making process."
This LNG levy regime will be of tremendous benefit to Highbank, which is poised to commence production at its NI 43-101 compliant, aggregate deposit on the Portland Canal. To put the scope of the proposed development of LNG in B.C. in perspective the following map indicates the location to the companies' involved. (2)
Currently high rainfall at the site is delaying gravel preparation. However, the delay is allowing work to proceed on winterizing the camp, completing a dry storage area for equipment and supplies, and other infrastructure work around the barge load-out site.
(1) urlm.in/tbdk
(2) http://ow.ly/Dc08t
Shares for Debt
Further to the TSX Venture Exchange acceptance for filing bulletin of October 15, 2014, the Company has issued a second tranche of 1,193,000 shares at a deemed price of $0.22 to settle a debt of $262,500 to Foresight Innovations Ltd. of Victoria, B.C. The shares are subject to a hold period from trading until February 17, 2015.
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant, CEO/President
EconomicPuzzles
10年前
Today's News Confirms Fluff !
Quote : "Those estimates are based on pending orders and quotes submitted over the past few months."
LOL ! Those "estimates" are "based" on "pending" orders and "quotes" .......... Therefore it means that those hypothetical "estimates" are based on obtaining "hypothetical" orders ,LOL ! And the market has spoken by discrediting the news in my humble opinion .
NEXT Important Point : Quote : "In the mine site area, stripping of the sand/silt layer immediately above the gravel deposit is continuing " .
So they're still removing overburden and not producing .No aggregate stock piles ............ Then , Quote: "crushing, washing and screening equipment is being prepared." Therefore once again confirming NO AGGREGATE PRODUCTION YET !
So in my opinion this is a "fluff" News Release telling us nothing new . It does remove ambiguity per their prior "objective estimates" concerning "hypothetical" profits , making it very clear in this NR that they are in fact "hypothetical" . Well "hypothetically" if I go out and buy a lottery ticket , I could win the jackpot ,"Hypothetically" ,LOL !
Show me the money !(signed contracts and winning bids) then talk . Market agrees , stop talking and start producing and selling !
IN MY HUBLE OPINION !!!
RobertJames
10年前
Highbank (TSX-V:HBK) Approaches Milestone First Production; Ready to Supply B.C. LNG and Port Infrastructure
VANCOUVER, British Columbia, Oct. 21, 2014 (GLOBE NEWSWIRE) -- The piling work for the load-out conveyor and mooring dolphins at Highbank Resources Ltd.'s (TSX-V:HBK) SPN aggregate mine was completed earlier this month and the conveyor sections and receiving hopper are now in place.
In the mine site area, stripping of the sand/silt layer immediately above the gravel deposit is continuing and crushing, washing and screening equipment is being prepared. Loading of the first barge is anticipated in the next two weeks.
The first barge to leave the new facility will be loaded with 1 inch crush destined for Prince Rupert.
In a recently distributed press release providing forward guidance, Highbank President and CEO Victor Bryant announced projected revenues of $27 million for fiscal 2015. First year pre-tax profits are projected at $11 million. Those estimates are based on pending orders and quotes submitted over the past few months. The full press release can be found on the company's website at www.highbankresources.com.
"It is of some import to note that the SPN project's total CapEx is under $8 million to access a $2.4 billion (NI 43-101 compliant) resource," states Bryant. "Although first production is slated for the end of October, we can disclose that we have already quoted on delivery in excess of 2 million tons of material."
To-date the company has submitted quotes for 1 million tons of material related to pipeline construction, 600,000 tons related to harbour expansion and 600,000 tons for first phase LNG infrastructure.
With a scarcity of aggregate in Alberta, additional quotes have been submitted for rail shipments back to that province for infrastructure builds.
In addition to quotes on near term projects, Highbank is working on securing business well into the future. Negotiations are underway to supply 2 million tons of aggregate for a pipeline project scheduled to begin construction late in 2016 or early 2017.
"Our business plan is based on existing projects," says Bryant.
While three quarters of Highbank's aggregate is destined for concrete, there is also significant demand for road building and soil stabilization.
"We can run a very profitable business as is, and when LNG construction begins, that will be bonus," adds Bryant.
Even before LNG projects get underway, a great deal of infrastructure will need to be built. A substantial increase in the region's workforce, both during construction and operation of the pipelines and terminals, will require housing, retail, recreation and support facilities. The Port of Prince Rupert is undergoing a massive infrastructure expansion, already valued in excess of $40 billion.
Availability of transportation corridors is an extremely important factor for marketability of aggregates. The SPN mine is located on the east side of the Portland Canal fjord on tidewater. Existing year round deep-water ports are located 38 miles north at Stewart and 72 miles south at Prince Rupert. This gives Highbank a major competitive advantage with the ability to ship product by high capacity barge while most competitors are required to truck.
The completion of the camp and load out facility will place Highbank in the enviable position of being the nearest, significant, quality construction aggregate deposit to the Port of Prince Rupert, B.C. and the other construction projects in the northwest area.
RobertJames
10年前
Highbank- (TSX VENTURE: HBK) Swamp Point North Site and Load-Out Update
VANCOUVER, BC--(Marketwired - October 06, 2014) - Highbank Resources Ltd. (the "Company") (TSX VENTURE: HBK) (FRANKFURT: V70).
President, Victor N. Bryant is pleased to announce:
Swamp Point North Barge loading Facility...
The piling work for the load-out conveyor system is now complete. A total of 24 pilings have been installed with excellent penetration in compacted gravel to average depths of 55 - 65 feet. All pile caps of one inch thick steel have been installed to hold each set of pilings together. The work was completed several days ahead of schedule. Driving of only one piling caused some difficulty when a large boulder was encountered. The piling was re-located and driven without further difficulty.
The Foresight Innovations Ltd. construction crew is now assisting with assembly of the prefabricated conveyor sections and installation on the pilings. Walkways connecting the mooring dolphins will be installed later this week and the conveyor belt and drive installed. A concrete base is being constructed at the feed end of the conveyor to support the aggregate receiving hopper for the load-out system.
Camp and Mine Site Development...
In the mine site area, stripping of the sand/silt layer immediately above the gravel deposit is progressing. Heavy rainfall has slowed this activity; however, this has not prevented flat areas for location of the crushing, washing and screening equipment from being prepared. Weather permitting; Highbank continues to work toward having aggregate ready for shipment in late October/early November 2014. Watch for photo updates and an updated power point presentation on our website at http://www.highbankresources.com
LNG taxation...
Mr. Bryant further comments. As per our September 30, 2014 news release we stated, "The British Columbia Government will conclude negotiations and set forward a fair Liquefied Natural Gas ('LNG') tax regime". As reported in the Vancouver Sun on Thursday, October 2, 2014 titled 'Province signals reductions in planned LNG project taxes'. The governing Liberals return to the legislature on Monday and will table the final tax legislation in the week of October 20, 2014, said Finance Minister Mike de Jong. "These are sizable investments with a lot at stake for the citizens of B.C., and the proponents and we want to get it right," de Jong said. To learn more on this Vancouver Sun article "Province signals reductions in planned LNG project taxes" click on http://urlm.in/tahq
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant,
CEO/ President
RobertJames
10年前
Highbank (HBK.V) Swamp Point North Site Update
VANCOUVER, BC--(Marketwired - September 30, 2014) - Highbank Resources Ltd. (the "Company") (TSX VENTURE: HBK) (FRANKFURT: V7O).
President, Victor N. Bryant updates, onsite inspection September 23, 2014.
Swamp Point North Barge loading Facility….
Transportation of the pilings from the Port of Prince Rupert was received at Swamp Point North on Tuesday, September 23, 2014. Over one-half of the pilings required for the load-out facility have now been installed, placing us approximately 2 weeks ahead of schedule. Installation of the loading conveyor system has commenced, again this is well ahead of schedule.
Camp and Mine Site Development….
Improvement to the site and camp continue. Telephone and internet communications have been established. A camp perimeter electrified bear fence as per site requirements has been installed. Road access development and overburden stripping is proceeding satisfactorily. The region has experienced record rainfall affording on-site environmental personnel to precisely implement the requirements for compliance with water management and other regulations. Despite the extremely high rainfall in the area, development continues well on track. Watch for photo updates and an updated power point presentation on our website at http://www.highbankresources.com
Highbank looks forward to being in the preeminent position of being able to supply aggregates in support of the ongoing construction to the Port of Prince Rupert ($1.2 billion Federal development project). Our contribution will assist in meeting the Federal Government's commitment to make the Port of Prince Rupert, "Canada's Gateway to the Asian Markets". The Company has unwavering confidence in B.C.'s Premier Christy Clark and her Ministers ability to conclude negotiations and set forward a fair Liquefied natural gas ("LNG") tax regime. The B.C. government has stated that the tax regime will be outlined at the opening of the Legislature's fall session October 8, 2014. LNG is an increasingly important pillar of the global energy industry.
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant,
CEO/ President
RobertJames
10年前
Highbank (TSX VENTURE: HBK) Closes 2nd Tranche - $1.3 Million Convertible Debenture and Swamp Point North Progress Update
VANCOUVER, BC--(Marketwired - August 08, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Highbank Resources Ltd. (TSX VENTURE: HBK)(FRANKFURT: V7O), (the "Company") is pleased to announce the closing of the 2nd tranche of its $1.3 million convertible debenture, as its Swamp Point North aggregate project moves closer to production.
Swamp Point North -project update
Mr. Victor N. Bryant, President/CEO reports: V.P. Operations Mr. Stan Spletzer, is presently onsite assisting in planning for preparation of stripping and mining activities; and for installation of the crushing and washing plant equipment. Final discussions are taking place with the pile driving company-part of the barge load-out facility, which we expect to be on site in the latter part of this month.
Convertible Debenture
Highbank closes the 2nd tranche -$1.3 million of our total $4 million convertible debenture financing.
The convertible debentures bears interest at the rate of 10% per annum and has a term of three years for repayment by the Company from revenues earned through the sale of aggregate from the Swamp Point North aggregate project. The debentures are convertible into shares of the Company at a price of $0.45 during the first year, $0.35 during the second year, and at a price of $0.25 in the third year.
The Company is paying cash finder's fees equal to 7-1/2% on a portion of the gross proceeds raised from the convertible debentures or $82,500 and 22,727 shares at a deemed price of $0.33 per share.
On Behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant,
CEO/President
junkHustler
10年前
Highbank Mobilizes and Commences Site Development at Swamp Point North
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 26, 2014) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O), (the "Company").
Mr. Victor N. Bryant, CEO reports another milestone in our development of Swamp Point North…
The first tug and barge load of equipment and supplies will depart the Port of Prince Rupert this morning approximately 10:30 a.m. PST, travelling north to Swamp Point. The tug and barge will be transporting the Company and Contractors D5 Cat, 225 Excavator c/w various attachments, a 330B Case Rock Truck, 5000 gallon fuel tank, the 4th Atco trailer (containing dry room, showers, washrooms and laundry), and general camp materials for site preparation. Highbank's 6-person crew will also be launching the Company's work boat from Stewart, B.C. to travel south 38 miles to rendezvous with the tug and barge at Swamp Point North to commence offloading of equipment at approximately 1 p.m.PST Friday, June 27, 2014. The 6 person crew will remain on site and proceed with the camp and site preparation. Additional equipment will be transported to the site in the coming weeks.
To view todays video news release presentation click on…
RobertJames
10年前
Highbank (TSX VENTURE:HBK) Mobilizes and Commences Site Development at Swamp Point North
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 26, 2014) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O), (the "Company").
Mr. Victor N. Bryant, CEO reports another milestone in our development of Swamp Point North…
The first tug and barge load of equipment and supplies will depart the Port of Prince Rupert this morning approximately 10:30 a.m. PST, travelling north to Swamp Point. The tug and barge will be transporting the Company and Contractors D5 Cat, 225 Excavator c/w various attachments, a 330B Case Rock Truck, 5000 gallon fuel tank, the 4th Atco trailer (containing dry room, showers, washrooms and laundry), and general camp materials for site preparation. Highbank's 6-person crew will also be launching the Company's work boat from Stewart, B.C. to travel south 38 miles to rendezvous with the tug and barge at Swamp Point North to commence offloading of equipment at approximately 1 p.m.PST Friday, June 27, 2014. The 6 person crew will remain on site and proceed with the camp and site preparation. Additional equipment will be transported to the site in the coming weeks.
To view todays video news release presentation click on…
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President
RobertJames
10年前
Highbank Resources Mobilizes for Summer Aggregate Production
VANCOUVER, B.C., May 21, 2014 (GLOBE NEWSWIRE) -- The Prince Rupert area in Northern British Columbia is about to undergo a construction boom to rival Saudi Arabia's recent infrastructure bonanza.
Multiple massive construction projects include Petronas' commitment to a $36 billion LNG (Liquid Natural Gas) transfer station, and the $11 billion LNG facility in the Port of Prince Rupert area. Total announced construction projects in the region add up to about $60 billion.
Some local suppliers and "picks and shovels" business are going to reap the rewards from the 20 years-plus construction boom.
Highbank Resources (TSX-V:HBK) appears to be one of those companies. Swamp Point North Aggregate Project is just 78 miles north of Prince Rupert and has an at-surface NI 43-101 compliant aggregate resource of 72 million tonnes, with initial off-take commitments at least $22.50 per tonne. Aggregate is an industrial crushed rock that is the primary ingredient in concrete.
Highbank's path to production dominates the company agenda for this summer. HBK has received its Notice of Work (NoW) permit and is currently completing the remaining permit conditions prior to gaining access to the site.
The company expects to receive a timber cutting permit by the middle of May and permit for barging operations shortly after. The environmental baseline study has been completed and will form the basis of an application to expand production in the future. The company is now finalizing the mine operating procedures which are required prior to commencement of operations.
The location of the Swamp Point North Aggregate Project is one of Highbank's competitive advantages. Close to the Prince Rupert construction boom, it is also on tidewater, which creates significant cost advantages when moving bulk materials. Highbank can load the aggregate directly onto barges, whereas many of its competitors are forced to truck in the product.
"We have just completed a $2.7 million financing, which is the first tranche of $4.0 million to bring the property into production," states CEO and President Victor Bryant in an exclusive interview with Financial Press. "Those funds have been used to purchase two 35-ton trucks, a D-8 bulldozer, a 27 foot boat for personnel and supply transportation, a crusher and a washing plant and much ancillary equipment – basically everything we need to develop the site and start mining our at-surface aggregate."
Six individuals were involved in the current financing. Some of them are long term shareholders who believe in Highbank's upside and potential, harnessed to the $60 billion construction boom. Bryant describes them as 'entrepreneurial investors.'
Highbank recently signed a Memorandum of Understanding with Hobiyee-Matrix Logistics, outlining a mutually beneficial agreement between the two companies. This agreement complements a cooperative agreement signed in November 2012 with the Metlakatla.
"Matrix Logistics are a Yellowknife - based company, offering helicopter solutions and exploration logistics," states Bryant, Matrix has a Joint Venture Agreement with Hobiyee Management, a First Nation Corporation established to assist in ensuring that the Nisga'a people are able to participate in business opportunities as they arise. It is possible that Highbank will enter into service agreements with the Nisga'a Village of Gingolx, B.C to provide camp staff-cooks, medics and other personnel.
"It is our intention to employ as many qualified first nation people as possible in equipment operation and camp logistics. We see this not only as smart business, but also as a symbiotic relationship. Highbank has also offered to provide technical and advisory support to the Gingolx in developing other projects."
The Highbank Cooperation Agreement with the Metlakatla First Nation, states that they will participate in the economic benefits of aggregate project at Swamp Point North and through a working relationship in the Prince Rupert area.
In April 2014 Highbank received permission from Fisheries and Oceans Canada, to "Construct a barge loading facility, comprised of barge moorage, barge mooring dolphins and a pile supported aggregate conveyor, and barge landing ramp."
HBK also received verbal confirmation from the Canadian Coast Guard that the Nisga'a has attached no conditions as to the traversing of its traditional marine areas by Highbank's barges.
Aggregate is the world's most mined material next to oil. 2013 global sales revenues are around $100 billion. Annual Canadian consumption of aggregate is 10 to 15 tons per person.
About 75% of Highbank aggregate will be used in concrete. Much of the ground in the in the BC North has a heavy clay composition, which is not stable to build on. Construction companies will excavate the clay and use the more-stable aggregate to back-fill to ensure foundation strength.
It is often a good entry point to invest in companies on the concrete-supply chain just prior to a construction boom.
For context, Saudi Cement (SACCO-AB) manufactures building materials like Portland concrete and oil well cements. Its primary market is Saudi Arabia, which is undergoing an infrastructure boom. SACCO stock price has increased 300% in the last three years.
"We anticipate being in commercial production by the end of August, 2014, achieving our annual production rate of 235,000 tonnes by November," states Bryant, "starting with the 150,000 tonne order from North Coast Concrete. But of course our big opportunity is the $60 billion LNG market which will explode in 2015."
Highbank is currently trading at $0.14 with a market cap of $11.3 million
RobertJames
10年前
Highbank (TSX VENTURE:HBK) Compliments B.C. Government LNG Milestones
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2014) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company" or "Highbank").
President Victor N. Bryant reports: "Highbank, and its board of Directors on behalf of the shareholders compliments B.C. Premier, Christy Clark; B.C. LNG Minister, Rich Coleman and their staff on an absolutely outstanding job in furthering the B.C. LNG build." "We British Columbians are being well served under Christy Clark's, Premiership." "Having some familiarity with seeing large scale projects through to completion I foresee many of these proposed projects building sufficient momentum to see them through to commercial fruition." "The milestones of the last 9 days are indicative to the Standing B.C. Governments, extraordinary efforts in building a strong economic future for British Columbia and Canada."
April 30, 2014 - Province opens doors to Asian investment in LNG. Launches 5th Trade mission to Malaysia, Singapore and Hong Kong May 02-09 2014. Rich Coleman: "By supporting the development of this new export industry, we are creating unprecedented economic opportunities for the people of British Columbia."
Story and Video link http://ow.ly/wDP7H
May 02, 2014 - B.C. LNG Minister Reports Grassy Point, Aurora LNG project obtains support from the National Energy Board. http://ow.ly/wDNWw LNG Minister Rich Coleman states, "Our government's strategy to build this new industry continues to gain momentum. This is now the ninth export licence to receive approval. We look forward to working alongside Aurora LNG as they continue to plan a project at Grassy Point near Prince Rupert following the signing of a sole proponent agreement with us last year."
May 05, 2014 - B.C. Government and PETRONAS commit to developing LNG Industry. From Kula Lumpur, Malaysia, Premier, Christy Clark States: "Our goal is to be the most competitive jurisdiction in the world for LNG, and build a sustainable industry that creates 100,000 jobs, and opportunities for generations to come - and we're gaining momentum every day."
Story and Video http://ow.ly/wDRjn
May 07, 2014 - Commitment between B.C. and Woodfibre advances LNG Woodfibre. Spokesperson, Imelda Tanoto. "Reaching this agreement with Premier Christy Clark is a strong signal to our company that the Government of British Columbia is committed to the success and viability of the LNG sector."
Story and Video http://ow.ly/wDF6n
Highbank Resources Ltd. has the distinct honour of being a guest exhibitor of LNG-Buy BC at the upcoming 2014 International LNG in B.C. Conference - May 21-23, 2014, being held at the B.C. Trade and Convention Center. Come visit with us at our booth # 903. To register http://ow.ly/wE10X.
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President
RobertJames
11年前
Highbank Reports: Approvals & Updates-"Swamp Point North Aggregate Project"
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2014) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company").
Mr. Victor N. Bryant, CEO reports:
On April 11, 2014 Highbank had the honour of hosting a meeting at its corporate office in Vancouver with representatives of the Nisga'a Nation. Attending the meeting were the Nisga'a Chief Administrator Officer - Les Clayton and Chief Councilor - Franklin Alexcee. Also in attendance was Peter Lambright, President of Hobiyee Management-Matrix Logistics & Hobiyee Management Ltd. http://ow.ly/wlBM6 and Michael Kenney, General Manager of Matrix Aviation Solutions http://ow.ly/wlFkY . Highbank's board was represented by CEO, Victor N. Bryant and CFO, Gary Musil.
As a result of the meeting a Memorandum of Understanding ("MOU") was signed between Hobiyee-Matrix Logistics, Hobiyee Management Ltd. ("HML") and Highbank Resources Ltd. The purpose of the MOU is to outline the relationship moving forward between the companies and principle agreements as follows:
- Highbank agrees to utilize services of HML, provide such services are on a competitive basis and recognizing the rights of other First Nations groups with traditional rights in the area. Some of the services may include: camp rentals and/or upgrading existing facilities; supplying local labour (ie. camp staff-cooks, medics); fuel supply; helicopter and barging support.
- HML will facilitate a relationship between the Company and the Nisga'a Village of Gingolx, B.C.
- Highbank and HML will help the Village of Gingolx, market and develop the feasibility of the Gingolx community granite quarry project.
On April 22, 2014, Highbank received written notice from Fisheries and Oceans Canada, that they have accepted our December 4, 2013, proposal to "Construct a barge loading facility, comprised of barge moorage, barge mooring dolphins and a pile supported aggregate conveyor, and barge landing ramp on Portland Canal". The acceptance was received from the Pacific Biological Station, Fisheries Protection Program, Pacific Region - Nanaimo, B.C.
On April 28, 2014, Highbank received verbal confirmation from the Canadian Coast Guard that the Nisga'a has no conditions as to the traversing of its traditional marine areas as a result of Highbank's barging activity.
Mr. Bryant further adds: "Highbank is in the final stages of achieving all other NoW permit requirements which will enable Highbank to commence site work this month, prior to production."
Other
The Company announces that it has granted 125,000 incentive stock options to consultants. Subject to the approval of the TSX Venture Exchange, each stock option is exercisable into one common share of the Company for a period of three years from the date of grant, at a price of $0.15 per share.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
RobertJames
11年前
Highbank (HBK.V) Signs Tug & Barging Letter of Intent and Completes 'OLTC' Timber Assessment
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 27, 2014) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company" or "Highbank") is pleased to announce:
TUG & BARGING LETTER OF INTENT ("LOI")
Highbank has signed a LOI with West Coast Tug & Barge Ltd.("West Coast Tug") of Campbell River, B.C. for barging aggregate from the Swamp Point North operation to destinations in the Port Simpson and Prince Rupert area. Highbank is pleased with the scheduling from West Coast Tug to provide two barges to operate from the property, which allows one to be loaded while the other is en route with aggregate to its destination or returning for re-loading.
It is anticipated that this LOI will be formalized soon and be in operation for the duration of all the construction projects in the northwest coast area. Victor N. Bryant comments, "With this agreement in place, Highbank is now able to deliver aggregate production at very competitive prices."
OCCUPANT LICENCE TO CUT ("OLTC")
Mr. Stan Spletzer, V.P. of Aggregate Operations, accompanied by a representative of Cypress Forest Consultants Ltd. of Terrace, B.C. helicoptered to the Swamp Point North site on March 24, 2014. A merchantable timber assessment was compiled and a report was delivered to Highbank. This assessment will be used to compile our OLTC application to the Ministry of Forests, Lands and Natural Resource Operations ("FLNRO").
Highbank is proceeding forward with providing the Ministry of Energy and Mines ("MEM"), with final engineered construction drawings, and further documents, as required within (30) days prior to mobilization to the site.
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President
RobertJames
11年前
Highbank (TSX VENTURE:HBK) Responds to Notice of Work (NoW) Permit Application for its Swamp Point North Aggregate Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 30, 2013) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company") -
Further to our news release of December 6, 2013, the Company is pleased to report that with the assistance of Micon International Limited and other technical consultants, we are forwarding to the Ministry of Energy and Mines ("MEM") our comments and expanded information as requested from the MEM's review and future expectations for our aggregate project in regards to the Mines Act permitting.
In particular we have requested further explanation and the reasoning behind the Regional Director of MEM, Smithers' decision to establish and refer this project to a Mine Development Review Committee ("MDRC").
The Company would like to thank all the investors and shareholders for your confidence and patience during the past year and in particular throughout this permitting process.
Other
The Company is now an Associate Member in the BC Stone, Sand and Gravel Association. Management will be attending the next meeting to be held on January 16, 2014 in Vancouver. Of particular interest on the agenda at this meeting will be the Minister of Energy and Mines - Bill Bennett; a presentation from Eddy Taje - Senior Inspector for the MEM; as well as Stewart Guy who will be updating the delegates on the Aggregate Policy for B.C.
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD
RobertJames
11年前
Highbank(TSX VENTURE:HBK) Receives Comments on Notice of Work (NoW) Permit Application for Its Swamp Point North Aggregate Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 6, 2013) - Highbank Resources Ltd. (the "Company") (TSX VENTURE:HBK)(V7O.F). Further to our news release on October 29, 2013, the Company has received review comments from the Ministry of Energy and Mines ("MEM") indicating the results of MEM's review and future expectations for this particular project in regards only to the Mines Act permitting.
The Regional Director of MEM, Smithers has made a decision in regards to our project, to establish a Mine Development Review Committee (MDRC), pursuant to Part 10.3.1 of the Health, Safety and Reclamation Code for Mines in B.C., to meet in early 2014. The MDRC will provide an opportunity for the Company, pertinent regulators and First Nations to gather and discuss requirements of the project as it relates to both federal and provincial regulatory authorities.
The Company and Micon International Limited will be reviewing the response and begin compiling its reply as soon as possible in preparation for discussion with the MDRC.
Victor N. Bryant-CEO/President, James H. Place-Director, and Stan Spletzer, V.P. of Operations will be travelling to Prince Rupert on Tuesday. The Company will be meeting with representatives from the Metlakatla First Nation (Prince Rupert), site of the Petronas $18 billion proposed liquefied natural gas (LNG) export facility, on Lelu Island within the District of Port Edward on land administered by the Port of Prince Rupert. Also included in the meeting will be a representative from the Lax Kw'alaams Band (Port Simpson- nearby Grassy Point), where China's CNOOC Ltd. has secured exclusive rights with Japan's Inpex Corp. and JGC Corp. to examine building a LNG export plant and terminal. These discussions will center on further joint venture participations with the First Nations as they will be involved in the public consultations and potential partnerships of these builds. It was hoped that a similar meeting could be arranged with the heads of the Nisga'a Lisims Government at the same time, unfortunately they were not available as they are currently attending meetings in Ottawa.
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President
RobertJames
11年前
B.C. Government Inks Land Agreement With Chinese-Owned Nexen for Proposed LNG Project at Grassy Point Close to Highbank's (TSX :HBK) Swamp Point North Aggregate Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2013) - Highbank Resources Ltd. (the "Company") (TSX VENTURE:HBK) (FRANKFURT:V7O) announces that Chinese-owned Nexen Inc. has inked an agreement with the B.C. Government that gives it the sole option to purchasing Crown land in northwestern B.C. more commonly known as Grassy Point, for a liquefied natural gas ("LNG") terminal.
Further to our news release of April 12, 2013, the Calgary-based company which was purchased by the state-owned China National Offshore Oil Corp. ('CNOOC") earlier this year, agreed to pay the province $12 million as a potential down payment to secure the deal for 615 hectares of land at Grassy Point. The land is located north of Prince Rupert and within 40 miles of Highbank's Swamp Point North, Portland Canal aggregate project. To view a map of three proposed LNG sites in B.C. click on the link:
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/britishcolumbias-potential-lng-terminals/article8956483/?from=8955271
Nexen joins about half a dozen companies that have located land for their proposed LNG projects in B.C. Three of those proposals (Australia-based Woodside, South Korea based SK E & S, and ExxonMobil) also include interest in Crown land in the Grassy Point area, for which the province continues discussions.
At a news conference Tuesday led by Premier Christy Clark, Nexen CEO and president Kevin Reinhart said while the acquisition of the land is a milestone, it is a first step in a long "journey." He pointed to the need for extensive public consultation (including with First Nations), a comprehensive environmental assessment and company approvals.
But Reinhart noted that its new owner, commonly known as CNOOC, is the largest importer of LNG into the growing natural gas market in China.
"We have an incredibly strong partnership that provides us with expertise, financial capacity, unique access to the Asian gas market and a strong track record of responsible development to turn this opportunity into a real project," said Reinhart.
Nexen owns 60 percent of the proposed LNG project at Grassy Point, dubbed Aurora LNG. The other 40 percent is owned by Japanese companies INPEX Corp. and JGC Corp.
Japan is the largest importer of LNG in the world by a wide margin, according to the International Gas Union's 2013 World LNG report.
For further information on this announcement, view this story in the Vancouver Sun - Business BC - Section C titled - "Resources - Victoria does a deal with Nexen" -November 13, 2013 link to:
http://www.vancouversun.com/business/energy/reaches+deal+with+Nexen+Crown+land+terminal+north+Prince/9157847/story.html?__lsa=1
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President
RobertJames
11年前
Highbank (HBK.V) Update on Swamp Point North Aggregate Project Permitting & Extension/Amendments to Warrants
Swamp Point North Aggregate - Permitting Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 26, 2013) - Highbank Resources Ltd. (the "Company") (TSX VENTURE:HBK)(FRANKFURT:V7O) has contracted Megatech Engineering Ltd. of Surrey, B.C. to supply the Company with Conceptual Engineering Drawings for our Swamp Point Barge Load-out structure. The drawings will form a part of the overall site plan and supplement the mine plan information to include the shore abutment for the marine works to the discharge into the barge loading area, including the required mooring structures and barge winch articulation. Micon International Limited is reviewing and compiling all the data and will be preparing the revised Notice of Work ("NoW") application for submission shortly and should be able to finalize the submission upon receipt of the Megatech documentation.
Warrant Extensions and Amendments
The Company is announcing that the TSX Venture Exchange has agreed to extend the terms of the following warrants:
Original Expiry - November 3, 2013 and November 29, 2013. These warrants were originally issued on November 3, 2011 and November 29, 2011 and had an expiry of two years. The Company has obtained regulatory approval to extend the expiry for an additional one year along with amending the exercise price from $0.20 to $0.15.
Original Expiry - February 7, 2015, February 27, 2015 and April 25, 2015 - These warrants were originally issued on February 7, 2013, February 27, 2013 and April 25, 2013 and had an expiry date of two years. The Company has obtained regulatory approval to amend the exercise price as to $0.12. All other terms remain the same.
The Company will not be issuing new warrants unless a written request is provided by the warrant holder to the Company. Warrant holders requiring the issuance of a new warrant should do so in writing to the Company at Suite 600, 625 Howe Street, Vancouver, B.C. V6C 2T6. New warrants will only be issued upon the warrant holder surrendering their original warrant.
If you have any questions, please feel free to contact the Company at (604)
On behalf of the Board of Directors of
HIGHBANK RESOURCES LTD.
Gary Musil, CFO and Director
Website re-launched:
The company has now re-launched its Corporate website www.highbankresources.com and www.highbankres.com. Aside from an updated user friendly presentation the site now acts as a "Virtual Investor Centre" for a broad range of social media platforms. Shareholders, potential investors, brokers, associated organizations and interested parties now may 'foll
RobertJames
11年前
Highbank (HBK.V) Update on Archeological Survey & Swamp Point North Aggregate Project Permitting
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 6, 2013) - Highbank Resources Ltd. (TSX VENTURE:HBK)(V7O.F), (the "Company") is pleased to report on the progress of its resubmission of documentation for its Notice of Work Permit for the Swamp Point North, Portland Canal Aggregates project.
Archaeological Preliminary Field Reconnaissance
On July 26, 2013 Kleanza Consulting Ltd. ("Kleanza") of Terrace conducted an archaeological preliminary field reconnaissance ("PFR") of the Phase 1 development area for Highbank's proposed Swamp Point North aggregate quarry development (the "Development Area"). Stephanie Huddlestan, Archaeologist of Kleanza; Colleen Wesley (Metlakatla First Nation), and Anthony Moore, Lands Officer (Nisga'a Lisims Government) were on-site to conduct the PFR. Gary Musil, CFO and Jim Place, P.Geo.,/Directors of Highbank also accompanied the crew during the site visit.
The purpose of the PFR was to identify if there was any areas of archaeological potential within the proposed Development Area ("DA") in respect to culturally modified trees ("CMT's"), sub-surface deposits, midden exposure, rock shelters, pictographs and petroglyphs.
A flyover was first conducted to identify areas for the survey and access to the DA. It was determined that it was possible to access the site from the beach and old access/logging road that was expanded during the 2005-2006 seismic refraction survey, test pits and sonic drilling programs.
Kleanza reported: "No archaeological materials, features or areas of archaeological potential were identified within the Development Area. No further archaeological survey or monitoring work is recommended for the proposed DA, provided Highbank does not significantly amend the DA boundaries". The notes and map data collected during the PFR will be subject to further analysis, and a letter report will be prepared detailing the results. This letter report will be provided to Highbank Resources Ltd., Metlakatla and Nisga'a First Nations, Archaeology Branch of the Ministry of Forestry, Land, and Natural Resource Operations, and the Ministry of Energy and Mines ("MEM").
Mine and Management Plan
DMT Geosciences Ltd. (formerly Associated GeoSciences), with the assistance of Mr. Eric Beresford, P.Eng., has now provided Highbank with a revised mine and management plan. The text and maps/drawings encompasses the scope of work discussed and addresses the concerns raised by MEM. Micon International Limited is reviewing and compiling all the data and will be preparing the revised Notice of Work ("NoW") application for submission shortly.
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
Gary Musil, CFO/Director
Website re-launched:
The company has now re-launched its Corporate website www.highbankresources.com and www.highbankres.com. Aside from an updated user friendly presentation the site now acts as a "Virtual Investor Centre" for a broad range of social media platforms. Shareholders, potential investors, brokers, associated organizations and interested parties now may 'follow" us on:
Facebook: https://www.facebook.com/HighbankResourcesLtd?ref=hl
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doinit
12年前
Highbank Resources Ltd (HBK-TSXV) to capitalize on $32 Billion Infrastrucutre expansion to the Port of Prince Rupert. — Presentation Transcript
1. HIGHBANK RESOURCES LTD. HBK – TSX.V V7O - Frankfurt OCTOBER 2012
2. STOCK SNAPSHOTSector: ResourcesProperty Type: Construction AggregateStock Market Symbol: TSXV: HBK; Frankfurt: V7O52-Wk Trading Range: C$0.04 -C$0.11Shares I&O: 80,436,499 (as at June 30, 2012)Shares Held in Escrow: 16,000,000Market Capitalization: C$4.0 million (approx.) 2
3. CONSTRUCTION AGGREGATE• Sand, gravel, crushed stone• Essential for road building and concrete• Construction aggregate is world’s most mined material• Annual Canadian consumption of aggregate 10 to 15 tons per person• 2010 BC Production 38 million tonnes valued at C$322million• BC Production expected to exceed previous years 3
4. HIGHBANK’S AGGREGATE PROJECT: SWAMP POINT NORTH• Full Working Ownership Interest earned• $2.1 million of capitalized costs• Proximity to Prince Rupert – high demand for aggregate• NI 43-101 compliant• 72 million tonnes measured and indicated• First sales commitment received• Cooperative relationship with First Nations• Near-term production, pending final permits and financing 4
5. LOCATION• East side of Portland Canal fjord on protected, year round tidewater• 78 miles north of Prince Rupert (by sea)• Access by helicopter, float equipped aircraft, or boat• Prince Rupert is closest west coast port to Asia by approx. 33 hours• Flight times: Prince Rupert - 40 minutes; Stewart – 15 minutes; Terrace – 60 minutes 5
6. RESOURCEClassification TonnesMeasured 62,936,877Indicated 8,775,166Measured and Indicated 71,712,043Inferred 2,246,464 6
7. ECONOMIC POTENTIAL • PRINCE RUPERT AREA – HAS LIMITED SUPPLIES OF QUALITY SAND AND GRAVEL • HIGHBANK’S SWAMP POINT DEPOSIT MEETS SPECIFICATIONS• CLOSEST SOURCE WITH LOW COST TRANSPORTATION • PRICE RANGE $20 - $25 /Tonne 7
8. TARGET MARKET• Primary Target Region Prince Rupert-Kitimat, B.C. and Alaska• Competitive Advantage Proximity to the Port of Prince Rupert’s construction projects facilitates port to port transportation – most economic mode of delivery• Highbank’s First Sales Contract JOC News Service image To West Fraser Concrete. 100,000 tonnes. Signed March 2012. 8
9. MAJOR PRINCE RUPERT-KITIMAT CONSTRUCTION PROJECTS TOTAL $80 BILLION (VANCOUVER SUN - SEPT. 2012)• 10 year expansion plan of Prince Rupert Port Authority - $1.3 billion Federal Initiative• Spectra – BG, 850-km pipeline project - $6-$8 billion• Canpotex potash terminal - $400 million• Watson Island Industrial Site Redevelopment - $90 million• Ridley Terminals coal expansion - $200 Vancouver Sun image million and $90 million road and infrastructure projects• Global TV video clip on multi-billion dollar projects in Prince Rupert-Kitimat http://tinyurl.com/9q4syyx 9
10. MAJOR PRINCE RUPERT-KITIMAT CONSTRUCTION PROJECTS – CONT.• Kitimat LNG and Pacific Trails pipelines• Shell Oil LNG facility - $12 billion• Apache Oil LNG facility - $5 billion• Region’s share of BC provincial govt’s $25 billion Pacific Gateway Transportation Strategy investment• Rio Tinto expansion of Alcan smelter - C$3.3 billion 10
doinit
12年前
11. AGGREGATE PRODUCTION: SHORT-TERM RAMP-UP SCHEDULEHighbank, upon completion of a C$3 million financing and receiptof permits, will ramp up Swamp Point North production:Months 1-12 - Stage One development - stripping, constructionof processing plant, conveying systems and development ofproduct stockpilesTrial mining phase at rates of up to 235,000 tonnes per year 11
12. AGGREGATE PRODUCTION: MEDIUM-TERM OBJECTIVES• Months 12-24 - Completion of Stage Two and ramp-up of production to 1,500,000 annual tonnes 1,500,000 tonnes of annual production potentially by Year 4• Years 3-20 - Large-scale mining of the aggregate and commence export sales 12
13. PROPOSED FINANCING & USE OF PROCEEDSSource of FundsDebt Financing C$3,000,000Use of FundsSwamp Point North Start-up Costs C$2,550,000General Working Capital C$ 450,000Total C$3,000,000 13
14. CASH FLOW OBJECTIVES OCT 2012 – SEPT 2013Inflows• C$ 3 million financing, Q4 2012• C$760,000 from exercise of $0.10 warrants, Q4 2012• C$5.3 million in aggregate sales, less C$500,000 royalties, from sale of 235,000 tonnesOutflows*• C$2.55 million on start-up capital costs• C$4,9 million of operating expenses from production of 280,000 tonnes• C$300,000 for Highbank overhead expenses of (C$25,000/month) *excluding interest payments and taxes 14
15. MEDIUM/LONG-TERM OBJECTIVESYears 2 and 3 (through September 2015)• 540,000 tonnes per annum• $12.150million per year in revenue• $1.6million per year in operating profit* *prior to interest, Highbank overhead, taxesFull-Scale Production By 2016• 1,500,000 tonnes per annum• $33.75million per year in revenue• $4.425million per year in operating profit * * prior to interest, Highbank overhead, taxes 15