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#TYM Tertiary Minerals PLC – Chairman’s AGM Statement
I look forward to welcoming shareholders at our AGM today where, after the close of formal business, I will be giving a presentation on the Company’s projects. This presentation is now live on the Company’s website.
Our focus is fixed firmly on copper exploration in Zambia and Nevada, USA. Copper is the number one energy transition metal, yet, being an established industrial metal, it is often overlooked in the scramble for other battery metals such as lithium. Copper is the workhorse of the energy transition where its properties of high conductivity, ductility, efficiency and recyclability are essential in wind turbines, solar energy installations, energy storage and, of course, electric vehicles. It is our view that copper is most likely to survive the evolution of battery technologies which may be at the expense of some of the more novel commodities.
To underline this view, we were pleased to see late last year the Gates, Bezos and Branson backed Breakthrough Energy Ventures company Kobald Metals announce a £150m investment at the end of 2022 into the development of the Mingomba copper deposit adjacent to our Konkola West Project in Zambia.
Konkola West is one of five copper projects in Zambia where Tertiary has an interest and is targeting deep down-dip extensions of the contiguous Musoshi-Lubambe-Mingomba-Konkola copper deposits which host the Musoshi Mine in the Democratic Republic of the Congo and the Lubambe Mine and Konkola mines in Zambia. Together these deposits define a continuous zone of mineralisation over 15km long with a pre-mining endowment of over 775 million tonnes grading 2-3% copper.
The Company’s interests in Zambia have been acquired in an agreement with local Zambian company, Mwashia Resources Ltd. The portfolio includes the Jacks Copper Project where the Company completed soil sampling and drilling in 2022 and where further drilling is planned in 2023. It also includes the Mukai and Mushima North project areas where the Company has a Data Sharing and Technical Cooperation Agreement with major Zambian and global copper producer First Quantum Minerals (“FQM”).
FQM has now completed the transfer to the Company of its extensive and valuable historical data for these two projects and we are set to benefit from FQM’s extensive and in-depth country experience, gained over many years of exploration and mine development in Zambia.
The Mukai Project Exploration Licence is located in Zambia’s North-Western Province and is directly adjacent to FQM’s Trident Project, which includes the large Sentinel Copper Mine and the recently opened Enterprise Nickel Mine. The Mushima North Exploration Licence, in the Kasempa District, is also in an active FQM exploration area and is prospective primarily for iron-oxide-copper-gold (IOCG) mineralisation.
Now that we have started work to evaluate the FQM datasets, a number of exciting exploration targets are emerging. We hope to reveal more about this in the near future and in the meantime we are busy planning field programmes to start within the next couple of months as soon as the wet season ends.
The Zambian government has big ambitions for its copper industry and is instigating a more attractive fiscal regime to promote these ambitions. As a result, a number of other major mining companies, such as Anglo-American and Rio Tinto, are once again exploring in Zambia.
In Nevada our focus in 2023 is on our drill-ready Brunton Pass Project. Here low-grade copper values occur over substantial widths together with gold indicator elements and define a target for copper skarn and porphyry copper mineralisation, as well as epithermal gold.
We believe that companies exploring for copper offer excellent value in the market compared with companies involved in other battery metals and with multiple drill programmes budgeted for 2023 we anticipate strong news flow.
We also believe that the Company is well positioned to achieve a substantial rerating for shareholders, and we look forward to seeing shareholders at the AGM and to reporting on further progress.
Patrick Cheetham
Executive Chairman
For more information:
Website: www.tertiaryminerals.com
Contacts:
Tertiary Minerals plc: |
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Patrick Cheetham, Executive Chairman |
+44 (0) 1625 838 679 |
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SP Angel Corporate Finance LLP Nominated Adviser and Broker |
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Richard Morrison |
+44 (0) 203 470 0470 |
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Harry Davies-Ball |
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Peterhouse Capital Limited Joint Broker |
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Lucy Williams |
+ 44 (0) 207 469 0930 |
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Duncan Vasey |
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#TEK Tekcapital Plc – Guident Update
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group is pleased to present the technology update for Guident Corp, the US based subsidiary of Guident Ltd.
As part of our enhanced investor relations communications, we intend to release a series of newsletters focused on the technology of each portfolio company. We believe most shareholders understand the value proposition behind the product of each portfolio company, however the product roadmap has been progressing rapidly and we think it’s helpful to Keep everyone up to date on key developments.
Our initial discussion will cover Guident’s unique technology offerings:
1. Vehicle Remote Monitoring and Control Centre (RMCC)
Guident’s teleoperations solutions consist of two main components. A small footprint communications device and the RMCC (remote monitoring and control centre) software solution.
The communications device connects to several miniature high-definition video cameras and includes connectivity to both public (4G & 5G) wireless and private Long Term Evolution (LTE) networks.
The RMCC consists of a cloud-based software solution connected to the Autonomous Vehicle (AV) fleets and to Guident’s RMCC. Guident’s solution is AV agnostic and can interact with any vehicle’s drive-by-wire system via ROS (robot operating system) or Application Programming Interface (API) integration.
The remote-control centre consists of multiple RCO (remote-control operator) stations equipped with vehicle controls including steering wheel, accelerator, and stop pedals as well as high-definition curved monitor displays. Large dashboard video wall-type displays provide real-time status of the AV fleets being controlled. RCOs continuously monitor their assigned AV fleet which is displayed with green labels, except when the AV encounters an edge case, at which point it stops and requests human assistance while changing its label from green to red. At that point, the RCO through the HD video cameras gains situational awareness to inspect the specific edge case. The RCO then takes control of the vehicle and remotely drives it around the obstruction or situation, and then returns control to the AV system to continue its mission path, at this point the vehicle is displayed with a green label.
Besides the green and red IRL (incident risk levels), Guident provides a yellow label through its patented Artificial Intelligence-based IRL predictive module. This module interacts with multiple data sources to analyze and predict the situations that may possibly disrupt the AV mission path. Data sources include vehicle sensor data, AV performance analysis, scene understanding, real-time traffic, work zone, weather, and other information. The assigned RCO is able to focus on the yellow IRL-level vehicles to attempt to anticipate the situation that may interrupt the mission path and turn the AV IRL to green status.
Current autonomy trends and concerns, and why this technology is needed.
The current state of technology in the automotive industry is experiencing a shift to driverless vehicles. For this reason, automated supervision or safety driver roles will be critical for decades to come for all levels of automation before reaching full autonomy SAE level 5.
We believe human supervised RMCC services enhances the safety and provides redundancy whilst implementing remote driverless solutions for various field use cases, including military applications.
Infrastructure requirements for implementation (e.g., hardware, software, facilities and network connections
There are three (3) components required for human supervised RMCC services for driverless or autonomous vehicles:
1. RMCC – Remote Monitor and Control Centre
· Remote-control operator stations include vehicle controls (steering wheel, pedals, other vehicle functions, etc.)
· Control centre monitoring display dashboards.
2. In-vehicle equipment
· For vehicle location, a GPS device in autonomous vehicles, with RTK capabilities for precise location.
· For remote teleoperation:
GUIDENT RMCC communication in-vehicle equipment.
Public/Private/Military mobile 5G/4G/LTE wireless network.
3. Cloud service – private or private software telecom services, including AWS, Azure, Google, etc.
Benefits
The main benefits of human-supervised remote monitoring and control of driverless and autonomous vehicles include providing an additional layer of safety via remote operations to address edge cases and protection of humans from dangerous or unforeseen activities including but not limited to:
· deadlock situations
· navigation errors
· accidents
· allowing vehicle passengers to ask for information or assistance.
Based on ongoing conversations with potential customers, the company identified more potential applications including:
· remote operation of material handling (teleoperation services of remote forklifts and other material handling equipment for warehouses)
· remote operation of agricultural equipment
· remote operation of mining equipment
· remote operation of unmanned vehicles for military
The solution also creates cost savings achieved by proactive and predictive vehicle maintenance and support.
Guident is uniquely positioned to provide its teleoperation software stack protected by an intellectual property portfolio that includes seven (7) teleoperation-specific patents (5 granted & 2 pending) and copywritten software code for what we believe to be amongst the lowest glass-to-glass latency in the industry. In addition, we believe that Guident is the leading US-based teleoperation software solution providers that delivers a unique approach to teleoperations with its proprietary custom prediction module based on vehicle telemetry and field conditions data.
The business case for Guident has never been stronger and it includes following data points:
– low latency connectivity and teleoperation is necessary for safer and cost-effective adoption of AVs. Guident’s methods and systems will help increase safety and help bridge the gap from Level 3 to Level 5 autonomy.
– RMCC is fast becoming a legal requirement in numerous states in the US and other countries
See demonstration here: https://www.youtube.com/watch?v=ZRTgMRvv6wQ
2. Regenerative Shock Absorbers (RSA)
RSA continuously recover the vehicle’s vibration energy that is otherwise dissipated as heat and friction. RSA’s convert the wasted heat energy into power, generating additional energy for recharging the vehicle battery to extend the vehicle’s range, or to provide energy to power other vehicle components. Anticipated benefits include:
– Enhanced Sustainability for all vehicles in the fleet, including traditionally powered Internal Combustion Engine, hybrid and electric vehicles
– Increased Energy Harvesting Efficiency by approximately 70% compared to current energy-harvesting shock absorbers
– Increase range of EVs by up to 6-12 miles per charge
– It can be tuned to match existing shock absorber damping characteristics and form factors
Recently the company evaluated a series of real-world RSA use conditions in their testing laboratory in Boca Raton, Florida. With precise force and displacement measurements, they are seeking to rigorously evaluate and quantify the advantages of their proprietary energy-harvesting shock absorbers over traditional oil-filled shock absorbers.
Watch more here: https://www.youtube.com/watch?v=oc21clEuJbM
For further information, please contact:
Tekcapital Plc |
Via Flagstaff |
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Clifford M. Gross, Ph.D. |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
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Flagstaff Strategic and Investor Communications |
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+44 (0) 20 7129 1474 |
Tim Thompson/Andrea Seymour/Fergus Mellon |
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About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Innovative Eyewear, Inc., Lucyd or Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital or Lucyd’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
#TM1 Technology Minerals lead-acid #battery recycling plant in Tipton, West Midlands
#TM1 Technology Minerals lead-acid #battery recycling plant in Tipton, West Midlands.
Tipton plant aims to increase lead-acid battery #recycling production capacity from an estimated 16,000 tonnes first full year of production, to circa 80,000 tonnes by 2027
Watch here
#TM1 Technology Minerals – Talking Batteries Part 4
Talking Batteries Part 4 featuring Mark Amor-Segan, Principal Engineer @WMG Energy Innovation Centre and Anwar Sattar, Lead Engineer, Battery Recycling @WMG Energy Innovation Centre, discussion the innovation in research and development @WMG in battery and battery recycling development, and working with the team @Recyclus on knowledge transfer in battery recycling technologies
Watch here