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surandy70
Posted on: Mar 2 2020, 09:21 PM


Group: Member
Posts: 17

Slow to release relevant news because their joint venture partner is doing stuff without their knowledge.

Some investigation shows that this company has not had a CEO or MD since mid 2019 and in fact appear to have zero executives or staff?!?!?

Looks like they are pretty much in care taker mode sitting back letting DST Co Ltd, their JV partner, do all the work for them.
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surandy70
Posted on: Feb 21 2020, 08:49 PM


Group: Member
Posts: 17

And today the company finally announces the deal with Margaret Lake Diamonds! Bit slow of them.
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surandy70
Posted on: Feb 15 2020, 08:56 PM


Group: Member
Posts: 17

So MGX Minerals have made use of their listed subsidiary Margaret Lake Diamonds to be the vehicle for their joint venture agreement with KORID Energy to build a factory to manufacture V-KOR vanadium redox flow batteries. So the previously discovered announcements from MGX in September 2019 relate directly to this transaction.

MGX believe the MLD related actions, share consolidation and capital raising should be able to be completed by mid April 2020 and expect to break ground on building phase one of the battery factory by mid year 2021. They expect demand will result in factory expansion but at this stage it is unknown if and when demand would require that.

MGX may make use of future vanadium production from Daejon to supply the electrolyte for their batteries. With a view to possibly supplement that with future vanadium production from other locations like Nevada and Canada (I forget where in Canada they mentioned).

DST seem to believe that the factory at the centre of Protean’s Perth trial of the V-KOR VRFB are still utilising the battery two years later.

From my enquiries to date Protean Energy currently appears to be a largely inactive silent investor with 50% ownership in KORID and Korea Vanadium (100% owner of the the Daejon project) with KOSDAQ listed DST Co Ltd holding the other 50% and exerting control.

I have sent emails and rung Protean and spoke to Matthew Foy. In relation to what Mr Foy said as well as the publicly available information I have read from MLD/MGX and DST I have also sent emails to MLD and DST to clarify some details. My first email to MLD was indirectly answered in their market announcement on 10/2/2020 which gave a breakdown of the recipients of the 20m MLD shares. My latest emails were only sent yesterday with no response as yet.

As per the MLD transaction Protean will have an indirect interest in 50% of the 7.5m shares to be issued to KORID. Existing shareholders of MLD do not seem too keen of the transaction with their shares closing this week at $0.025 vs a preconsolidation transaction value of about $0.046 per share. Meaning that it may be difficult for MGX to get the consolidation and capital raising through (these are preconditions of the transaction).
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surandy70
Posted on: Feb 11 2020, 09:31 PM


Group: Member
Posts: 17

There was an update from Margaret Lake Diamonds overnight giving the breakdown of the aggregate 20m shares being issued:

KORID, as to 7,500,000 Consideration Shares; DST Co., Ltd. ("DST") (KOSDAQ: 033430), as to 7,500,000 Consideration Shares; and LKAT Co., Ltd. (LKAT") as to 5,000,000 Consideration Shares. Each of DST and LKAT are shareholders of KORID.

To the best of my knowledge POW still has 50% ownership of KORID Energy so post transaction that gives them an indirect interest of 7.5% of Margaret Lake Diamonds.
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surandy70
Posted on: Feb 8 2020, 11:19 PM


Group: Member
Posts: 17

Okay, perhaps this will give you more information:

Margaret Lake Diamonds Announces Joint Venture with KORID Energy Co. Inc. for Vanadium Redox Flow Battery Factory
VANCOUVER, BC / ACCESSWIRE / January 27, 2020 / Margaret Lake Diamonds Inc. ("Margaret Lake" or the "Company") (TSX.V:DIA)(FKT:M85) and KORID Energy Company Inc. ("KORID"), a subsidiary of DST Inc. ("DST") (KOSDAQ: 033430), are pleased to announce a joint venture to construct a factory (the "Factory") in the United States for the purpose of producing Vanadium Redox Flow Batteries and energy storage systems (the "Joint Venture"). Executives of Margaret Lake and KORID along with past and current officials of the State of New York met in New York City for the signing of the joint venture agreement. The planned Phase I capacity of the Factory is 50MW output and 200MWh of storage.



Pictured standing from L to R: Yunki Kim, President, DST, Kyonglock Na, Head of R&D,KORID, Jason Kuh, Vice-chairman, DST Group, George Pataki, Former Governor of NY State, John Kerry, President, John Kerry Energy Solutions, Neil Foran, CFO, Margaret Lake. Seated L to R are Paul Kim, Chairman DST Group and President of KORID, Jared Lazerson, CEO and President of Margaret Lake.

Opening remarks by John Kerry and former New York Governor George Pataki are available at https://youtu.be/KIre7TMNb5k

JOINT VENTURE

The Joint Venture grants exclusive global rights to KORID's proprietary vanadium redox battery technology, with the exception of Korea and Australia, to Margaret Lake. In addition, KORID will provide technical assistance for design, construction and operation of the Factory. In consideration Margaret Lake has agreed to the following terms:

Margaret Lake will complete a consolidation of its outstanding shares on a 1 new share for every 5.468 old shares basis, resulting in shares outstanding of 10,001,205;
Margaret Lake will raise $5,000,000 at a price of $0.25 resulting in an issuance of 20,000,000 post-consolidation shares of Margaret Lake;
KORID, DST Inc. and Protean Energy Ltd. will receive an aggregate 20,000,000 post-consolidation shares of Margaret Lake in consideration for the exclusive technology license and technical assistance in design, construction, and operation of the Factory.
The Joint Venture will be implemented pursuant to the terms of a Joint Venture Agreement between the Company and KORID dated January 13, 2020. Implementation of the Joint Venture is subject to a number of customary closing conditions, including the approval of the TSX Venture Exchange. The Joint Venture is an Arm's Length Transaction under the policies of the TSX Venture Exchange.

Factory Design

Preliminary factory footprint, process flow, equipment and personnel requirements have been completed by KORID for Phase I of the Factory with an annual output capacity of 50MW and 200MWh of storage.

Battery Design

KORID's proprietary Vanadium Redox Flow Battery has been developed and tested over the past 10 years and is patent protected. The flow battery design allows for limitation of storage only based on the capacity of the electrolyte tanks versus the fixed capacity of lithium-ion. The battery is non-flammable and non-explosive. There is no degradation as a result of cycling, partial charging, or time with a 100% depth of discharge and projected lifetime of 20 years. Battery efficiency is currently rated at up to 80%. The battery is scalable into the MW-range through simple parallel connection of multiple units. The systems are shipped in self-contained weatherproof and securely protected housing. The systems can be managed and maintained by remote or online maintenance through intelligent battery management. Temperature management and climate controlled containers eliminates weather impact on energy efficiency.

The battery is composed of four primary components: electrolyte tanks, cell stacks, power conversion system (including control system, communications, inverter, electrical wiring, etc.), and pumps / balance of plant equipment (Figure 1). The systems are designed for containerized deployment in twenty or forty foot containers. The forty foot design has a capacity of 100kW output, 400kWh capacity.


Figure 1

Cell Stack

KORID has manufactured four cell stacks to date including 2.5kW, 5kW, 10kW, and 25kW (Figure 2). KORID has developed and is currently testing a 50kW cell stack for high usage industrial and grid scale utility and renewables applications.


Figure 2

Grid Scale Mass Storage

Designs have been completed for a 3.6MW output system (Figure 3) to meet the demand for grid scale applications. There are a variety of applications to support both renewables and existing infrastructure as well as energy security. Placing batteries at substations or near high demand areas reduces need for new infrastructure such as transmission lines, substation capacity, and traditional power plants or hydro dams. Generated power is often wasted in the night only for a lack of battery capacity. Grid scale energy storage systems allow for charging at night during very low demand times (off peak) and release that energy during the day during peak demand reducing the need for new transmission lines or power plants. This both increases overall efficiency and provides backup/standby power for energy security and a robust and efficient energy infrastructure.


Figure 3

About KORID Energy and DST Inc.

KORID is a subsidiary of DST Inc., a publicly traded company listed on the KOSDAQ Exchange in South Korea. It operates the following businesses: Automation Machinery, Mining and Metals Development and Processing, along with other diversified businesses. Its products and services include energy storage technologies, equipment for the automobile components industry, food processing equipment, mineral development and processing, rental services, and others. The company was founded in 1995 and is headquartered in Changwon-si, South Korea. For more information visit www.ds-t.co.kr.

About Margaret Lake Diamonds

Margaret Lake Diamonds Inc. (TSX.V: DIA) is a Canadian technology and strategic metals exploration company focused on construction of Vanadium Redox Flow Battery Factory and Vanadium Exploration in the United States. The Company continues to maintain an interest in its mining properties.

Contact Information

Jared Lazerson
President and CEO
jared@margaretlakediamonds.com
Web: www.margaretlakediamonds.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

SOURCE: Margaret Lake Diamonds Inc.



View source version on accesswire.com:
https://www.accesswire.com/573840/Margaret-...Battery-Factory


ACCESSWIRE
January 27, 2020 - 5:00 AM PST
News by QuoteMedia
www.quotemedia.com
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surandy70
Posted on: Feb 7 2020, 11:19 PM


Group: Member
Posts: 17

Could this be a big mover?

POW has yet to announce anything of value for months but their JV partner, KOSDAQ listed DST Co Inc, in KORID Energy last month announced that they had formed an agreement with TSX Venture listed Margaret Lake Diamonds to build a vanadium redox flow battery factory in upstate New York using KORID's IP!

http://margaretlakediamonds.com/wp-content...resentation.pdf
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surandy70
Posted on: Feb 5 2020, 09:49 PM


Group: Member
Posts: 17

Hard to say for sure what the cause of the big drop, could have been some selling to cover margin calls, stop losses triggered, could be a leak about the Behemoth results although the drill cores had yet to be sent for assaying at the time of the company reply to the ASX.

Partial recovery today. I am still holding out hope that we will see some good to great results from Behemoth.

In terms of the transparent memory ink whilst they have completed a demonstrator application to show case the possibilities of the tech they also made clear that was still plenty more work to do.
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surandy70
Posted on: Jan 24 2020, 10:11 PM


Group: Member
Posts: 17

Patent granted, demonstrator application completed and presenting at PRINSE '20 in Finland on 30/1/2020:

09.10-09.30 Transparent memory for data storage on glass and plastic, Matthew Howard, Australian Advanced Materials
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surandy70
Posted on: Jan 22 2020, 02:37 PM


Group: Member
Posts: 17

I knew that news is due next week but did not realise that the news is greater than expected with SOR's nanocube memory ink patent application in USA being granted on 7/1/2020!

Great timing with the presentation of our demonstrator application next week!

https://patents.google.com/?assignee=Austra...s+&sort=new
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surandy70
Posted on: Jan 21 2020, 09:24 PM


Group: Member
Posts: 17

Great to see actual performance of RGI's patented Rotational Hydroponic Garden Systems living up to and exceeding their performance in testing with these results from a second commercial grower:


Oakum Cannabis Harvests First Commercial Crops

Highlights

• Oakum successfully implements commercial operations at its state-of-the-art facility
• Harvested crops focused on optimizing the resin content and cannabinoid profiles
• First crops consist of 26% THC on average and present a pristine microbial profile
• RotoGro’s turnkey technology provides industry-leading yield and quality at lowest
operational costs

Roto-Gro World Wide (Canada) Inc., a wholly-owned subsidiary of Roto-Gro International Limited
(“ASX:RGI”, “RotoGro” or the “Company”), is pleased to announce that Oakum Cannabis
Corporation, formerly Frozen Penguin Medical Industries Inc. (“Oakum”), has harvested its first
large scale commercial lawful cannabis crops, cultivated with 48 of its recently installed and
commissioned RotoGro Rotational Hydroponic Garden Systems (as announced on 6 November
2019 and 27 August 2019).

Oakum has successfully initiated and conducted commercial operations at its state-of-the-art
facility, recently harvested its first crops which have met and exceeded Oakum’s expectations. The
recently harvested crops focused on optimizing the resin content and cannabinoids of each plant to
optimise the extraction output. Oakum is extremely impressed with its current protocols utilising
RotoGro Hydroponic Garden Systems, cultivating lawful cannabis crops consisting of 26% THC on
average and presenting a pristine microbial profile.

Oakum’s Master Grower and Co-Founder, Anthony Charles, states, “After receiving our test results
from the laboratory, we are extremely pleased with the THC and Cannabinoid levels. Our laboratory
technicians also advised us that the crop samples displayed the best microbial profiles they have
ever seen. In my opinion, the RotoGro Hydroponic Garden Systems are clearly the best technology
available in the cannabis space, cultivating plants of consistently, high-quality at the industry’s
lowest costs. We look forward to our continued collaboration with RotoGro as we expand the
awareness of our "Moment" and "Discovery" brands and refine our growing and extraction
protocols over the coming months. Overall, we have had remarkable results and we could not be
happier with RotoGro as our facility and technology partner.” www.oakumcannabis.com

Chief Executive Officer, Adam Clode, states, “We are extremely pleased with both the qualitative
and quantitative results of Oakum’s first harvest. The team at Oakum are very experienced in the
cannabis space and have taken the step change from pilot facility to commercial operations in stride.
We will continue our collaboration as Oakum further refines its nutrient profiles while using our
automated software and integrated fertigation systems to economise and optimise nutrient
delivery and product quality outcomes. Our collaboration with Oakum sets the foundation for other
near-term projects such as Siksika Herbz GP Inc. (as announced in our Q3, 2019 Quarterly Activity
Report) as well as the opportunity to establish numerous micro-cultivation facilities.”
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surandy70
Posted on: Jan 12 2020, 09:15 PM


Group: Member
Posts: 17

A lot happening in the next few weeks/months.

Behemoth either has finished, or is nearly finished, being drilled. Target depth was 550m in two holes, hopefully the results were such that they continued beyond that. Assay results from the two holes are due early February.

At some stage over the next few weeks we should get news of the grant of the Leviathan permit and an update on the plans for drilling that area.

Memory ink demonstrator application is undergoing final testing with a presentation being delivered to their PrintoCent partners in Finland in the final week of January, with the presentation being announced to the ASX presumably at the same time.

Stealth Technologies might take a bit longer to provide an update, news could come at any time within the next three months with news on their first autonomous ground vehicle for Honeywell due around the end of that three months.

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surandy70
Posted on: Dec 28 2019, 08:44 PM


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Posts: 17

I either missed this picture on the 5/12/19 announcement or had forgotten about it:.

So they are drilling Zone B1 (2km in length) & Zone B3 (3km in length). Zone B2 (1.4km in length is not being drilled initially although the IP results for Zone B2 appeared more prospective than Zone B3.
Attached thumbnail(s)
Attached Image


 
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surandy70
Posted on: Dec 27 2019, 11:43 PM


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Posts: 17

The demonstrator application has been fabricated and tested. They are just reconfirming the results to ensure it is on spec.

VTT scheduling and sourcing of the transparent display has delayed the completion of the demonstrator application, given that demonstrators would not be produced in the thousands, or even the hundreds, of units they would be a low priority for third parties, hence the delay.

Future demonstrator applications could perform different functions such as storing a range of information or images on glass or a transparent display and be combined with sensors and other computer vision technologies!

Good to see they are already thinking about how they can integrate the memory ink with their Stealth Technologies work.
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surandy70
Posted on: Dec 23 2019, 09:18 PM


Group: Member
Posts: 17

Behemoth Drilling
Drilling has commenced at the Behemoth Project but fire, water logistics and lightning strikes have delayed the
program. With scheduled breaks now occurring it is expected that the program will complete in the second week
of January.
The Company is very pleased with the manner in which drilling contractor DDH1 and OMNI GEOX have
managed the program so far in frontier area for exploration in Western Australia. Assays for copper, gold, rare
earths and investigation for evidence of meteorite impact from the drill core are expected to be available in early
February.

Artificial Intelligence and Robotics
The Company is backing the development of a proprietary autonomous robotics platform with a highly talented
technical team with deep experience in Ai, computer vision, autonomous vehicles and robotics for both software
and hardware. The Company has signed an agreement with global Fortune 100 software-industrial company
‘Honeywell’ to build experimental autonomous robotic vehicles. Honeywell operates total asset and facility
management operations globally across a range of market segments including Justice, Commercial, Health,
Defence and Hospitality. The Company is on track to deliver an autonomous robotic security vehicle in the first
quarter of 2020. The Company is also in discussion with multiple companies in the mining sector for its Ai and
robotics technology.

Nanocube Ink Demonstrator
A technology demonstrator is being fabricated with the University of New South Wales, Product Engineers based
in Sydney and experts based in VTT Finland to highlight the unique printable and transparent benefits of the
Nanocube memory technology. The data storage technology is physically printed onto surfaces (glass, plastics)
where industry standard silicon chip technology cannot go. A third party transparent display and touch sensor
component is being integrated with the transparent Nanocube Memory Ink and custom application logic
developed by the SOR backed team. Final validation testing of the Demonstrator program software functionality
has commenced and a presentation will be made in Finland to a select group of industry companies (and released
to ASX) in January, 2020.
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surandy70
Posted on: Dec 22 2019, 11:12 PM


Group: Member
Posts: 17

On 31/10/19 RGI acquired 51% of Medicinal Compassion Cannifarms Inc, a late stage applicant for a Health Canada Cultivation & Processing Licences for C$100,000 cash & 30m RGI shares at an issue price of $0.245 per share. Issue of RGI shares subject to HC issuing the licences and RGI shareholder approval. 55k sq foot facility located in Guelph, Ontario with the 1st phase consisting initially of two grow rooms followed by the progressive build out of further cultivation rooms with RGI units covering 25k sq feet with 1st crop cultivated within 6 months (expected Q3 2020) of the issuance of the licence. Phase two build out expected to start Q4 2020.
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surandy70
Posted on: Dec 22 2019, 09:47 PM


Group: Member
Posts: 17

In keeping with the communication with this company, if you want to know what is going on, you must do your own research.

The spring ON Prime: Defence program saw 130 teams take part across the country, ON Prime: Defence's biggest yet. All participants took part in presentations in their home city. This saw Stealth Technologies in partnership with the University of Western Australia give their presentation on the morning of 5/12/19.

"We propose a multi-drone carrier variant of our autonomous UGV, to become an Autonomous Drone Carrier (ADC). The ADC will deploy and co-ordinate multiple drones and/or cycle through drones, charging them at the station for continuous operation. The carrier is autonomous and can navigate itself to a launch potion, then the drones will autonomously deploy and perform their required mission. The capability of the drones is interchangeable and can be customised to meet specific requirements. The medium size of the ADC makes them deploy-able via helicopter, whilst large enough to perform multiple drone swarm missions."

https://oninnovation.com.au/en/News/ON-Prime7-Wrap
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surandy70
Posted on: Dec 21 2019, 11:53 PM


Group: Member
Posts: 17

Eclectic they may be but at least it results in them being anything but a one trick pony.

Means that there are multiple value drivers, if more than one is successful this could wind up with a massive upside.

Behemoth drill itself is most interesting given that the gravity anomaly is massive at a 4km diameter! I have seen other exploration permits described as very prospective when the anomaly is only 200 or 300m in diameter!
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