22:32:04 EDT Mon 29 Apr 2024
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or Name
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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 251,296,669
Close 2023-10-04 C$ 0.025
Market Cap C$ 6,282,417
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Renforth Resources appoints Mykytczuk technical adviser

2023-10-04 12:48 ET - News Release

Ms. Nicole Brewster reports

DR. NADIA MYKYTCZUK APPOINTED TECHNICAL ADVISOR TO RENFORTH'S SURIMEAU BATTERY METALS PROJECT

Renforth Resources Inc. would like to inform shareholders that Dr. Nadia Mykytczuk has been appointed as a technical adviser to Renforth, with a specific focus on the research and development of responsible and sustainable technology and practices for the processing of mineralized material at Surimeau in the future. As R&D (research and development) work of this nature, which will be conducted in partnership with entities such as government and industry using proprietary technology of this nature today, can take a significant amount of time, management of Renforth has determined it is prudent to start R&D now, while it continues to advance the central portion of the Victoria mineralized structure at Surimeau geologically.

Undertaking R&D now, without a mineral resource statement in place at Surimeau at this time, or any scoping studies completed, is risky, however, management is confident that this risk is outweighed by the value of time, as the company is in the midst of its own industrial revolution regarding the storage of energy, energy infrastructure and battery-powered everything, and it cannot delay the development of Surimeau unduly. The reader should understand that it is engaging in R&D, at the same time as it works toward its first resource statement for Surimeau, with the intent that the R&D timeline, and the geological timeline, will converge at some point in the future.

"I am very happy that Renforth will have the privilege of directly working with Dr. Mykytczuk as we take inspiration from operating mines in Europe and work to implement it in Canada, for the first time, and work towards producing battery chemistry, in Quebec, a province which is supportive of mining in general, and critical minerals in particular. Our foray into direct R&D is, I think, fairly unique for a junior exploration company, but we are fortunate to have a very unique property in Surimeau which supports this effort with the mineralization in the ground and our corporate desire to innovate and do better in terms of the development of this property and our willingness to embrace new technology in the mining space," states Nicole Brewster, president and chief executive officer of Renforth.

About Dr. Mykytczuk

Dr. Mykytczuk, the Innovation Award Winner (NOBA 2022), is the chief executive officer and president of Sudbury's Mining Innovation Rehabilitation and Applied Research Corp. (MIRARCO), a not-for-profit research arm of Laurentian University; and the executive director of the Goodman School of Mines. Dr. Mykytczuk leads MIRARCO, engaged in the development of the Centre for Mine Waste Biotechnology, a new pilot-scale facility that will be equipped with tools and expertise to accelerate the commercialization of biotechnologies, as applicable to mine waste as they are to ore processing mine operations. Dr. Mykytczuk is at the cutting edge of innovation for her work in mine waste microbiology -- her work has been gaining interest in mining circles for her collection of organisms cultivated and trained to eat through sulphur and iron in rock, then releasing those valuable minerals in a controlled, lab setting. Through the centre, expanding proven and novel bioleaching technologies through the innovation ecosystem and partners will help address the challenges in recovering critical minerals in economically and environmentally sustainable ways.

MIRARCO -- Message from the president

For over 25 years, MIRARCO has been a leader in the development and deployment of innovative solutions responding to the needs of the mining industry. MIRARCO has built a strong reputation and will continue to move in a positive trajectory as being a conduit for applied research; taking discoveries from the bench to the mine and into communities. Working collaboratively with industry, private sector, government, academia and community stakeholders has been an essential ingredient in providing effective transfer of knowledge, technology and sustainable practices.

MIRARCO will continue to build on its internationally recognized expertise across the mining life cycle and help support a resilient network and pipeline of highly-qualified staff. Innovation is a collective effort and it is here to work together to shape the future of mining in the changing world.

About Renforth Resources Inc.

Renforth is a battery metals area play with the dominant brownfield land position south of the world-class Cadillac-Larder Lake fault (CLLF) in the prolific Cadillac and Malartic mining camps of Quebec's Abitibi. Offering exposure to gold, zinc, nickel, copper, cobalt and more, including lithium, Renforth's land position encompasses several areas of interest.

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