Margaret Lake Diamonds Inc. is pleased to announce the acquisition of the Old Nick Nickel-Cobalt project in Southern British Columbia as referenced in BC MINFILE 082ESW055 and the Letain Nickel-Cobalt project in North-Western British Columbia. Letain pictured in Photo 1. Photo 1 Acquisition Terms Payments to the vendors, on a 50/50 basis , BC 1200059 Ltd. and BC 1258713 Ltd. as follows: $10,000 upon TSXV approval or 30 [...]
Margaret Lake Diamonds Inc. announces the Morrison Copper-Gold Project Located in Omineca Region of British Columbia acquired August 6, 2020, by order of the British Columbia Gold Commissioner, has been returned to the previous leaseholder and the project has been dropped. The Company continues to work with the prospectors on potential administrative and legal remedies to reacquire the project. Further, the Board of [...]
Margaret Lake Diamonds Inc. announces it has requested an exemption for its May 31, 2020 year end Financials and MD&A under BCSC blanket exemption for relief order BCI 51-515: The Company relies on section 4.4 [filing deadline for an interim financial report] of NI 51-102, and [delivery of financial statements] of NI 51-102, section 5.1 [filing of MD&A] of NI 51-102, sections 5.6 [delivery of MD&A] of NI 51-102. The Company's management, directors and other insiders are subject to a trading blackout as described, in principle, in [...]
Margaret Lake Diamonds Inc. is pleased to announce it has entered into an option agreement dated August 1, 2020 to acquire a 100% right, title and interest free of all encumbrances in the Morrison Copper-Gold Deposit located 65km North East of Smithers, B.C. . In order exercise its option to acquire an undivided eighty percent right, title and interest in and to the Project , subject to a net smelter returns royalty [...]
Company Evaluating New Lubrizol Electrolyte that Would Bring Reliability and Scale to Margaret Lake's Vanadium Battery Solutions Margaret Lake Diamonds Inc. is pleased to announce as part of its efforts to accelerate reliable energy storage through vanadium redox flow batteries , the company will soon begin testing a new vanadium electrolyte from The Lubrizol Corporation. This electrolyte is essential in holding energy [...]
Margaret Lake Diamonds Inc. is pleased to announce that it has appointed two new directors, Jim Wiesenberg and Neil Foran. Mr. Wiesenberg has extensive organization building and capital markets experience. He has been responsible for forging strategic alliances with wireless broadband service providers and manufacturers, as well as marketing Narrowband PCS licenses to the utility industry plus and investment community. He [...]
Margaret Lake Diamonds Inc. pleased to announce it has extended its joint venture closing with KORID Energy of Korea for an additional 60 days from March 11, 2020, to give time for Toronto Venture Exchange Review. Joint Venture Transaction For more information, refer to the Company's news release dated January 23, 2020. This press release refers to a joint venture to construct a factory in the United States for the [...]
Margaret Lake Diamonds Inc. is pleased to announce specifications for four models of its Vanadium Redox Flow Battery energy storage systems , and is now in pre-sales and booking orders for projected 2021 delivery. The Company encourages interested system integrators and utilities to contact them for further details. "We believe our systems will appeal to a wide variety of system integrators and utilities in the renewable [...]
Margaret Lake Diamonds Inc. is pleased to announce, further to its news release of January 27, 2020 announcing its proposed vanadium redox flow battery and energy storage system joint venture with KORID Energy Company Ltd. , that effective at the open on Tuesday, February 11, 2020, trading in the Company's shares will resume. Completion of the Transaction is subject to a number of conditions, including but not limited to [...]
Margaret Lake Diamonds Inc. and KORID Energy Company Inc. , a subsidiary of DST Inc. , are pleased to announce a joint venture to construct a factory in the United States for the purpose of producing Vanadium Redox Flow Batteries and energy storage systems . 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 [...]
Margaret Lake Diamonds Inc. is pleased to announce that it has arranged a non-brokered private placement for total gross proceeds of up to $250,000. The offering is subject to a $100,000 gross proceeds minimum. The Offering will consist of the issuance of no less than 4,000,000 common shares and up to 10,000,000 common shares at price of $0.025 per common share . The Offering will be available to existing securityholders [...]
Margaret Lake Diamonds Inc. is pleased to report arrival of a 20-person field crew to the Kiyuk Lake Gold Property to conduct field reconnaissance, review historic drill core and complete detailed surveying. Surveyors will cut boundary lines on 25 claims in order to convert the claims to mineral leases, which will secure the most prospective leases and eliminate annual work commitments. The survey is expected to be [...]