RE:RE:NR From page 8 of the MD&A regarding the $500,000 announced March 6th. $150,000 has been received. $250,000 is in escrow and will be released once the Venture Exchange approves. This approval is expected in the coming weeks.
This might be one of the NRs. This money will be used to “develop” the process prototype.
I did misread the section on phase 1. the Company is satisfied with the progress in the laboratory to date and believes that a project update will be provided within the timeframe of the original schedule for Phase 1A completion expected in 2016.
Despite the most recent presentation indicating that phase 1A would be completed in mid-May, this would not seem to be the case. I have trouble making sense of the above paragraph. Is it that an update will be made by mid-May with the actual completion of Phase 1A sometime in 2016? This is my understanding. It seems to me that an update is all that can be expected in the near future. Perhaps another of the suggested NRs coming.
Another NR might be to announce the upcoming work on Montviel: - An exploration campaign and geological characterization of alkaline system in the summer of 2016;
Patience and a trusting nature are indeed required.