HANOI, VIETNAM- Media OutReach Newswire – 1 November 2024 – Vinhomes JSC and Sunny Vietnam Co. announce the launch of the Ocean International Lantern Contest and Festival. This event marks the first-ever international-scale lantern design competition, bringing together the most distinguished artisans from major lantern-making cultures worldwide. This annual program, held at the Ocean City megacomplex, aims to create an artistic destination to witness some of the world’s renowned “intangible cultural heritage.”
Each design is a combination of creative ideas and ingenuity of the artisan.
With its overarching theme of “Shine for Life,” the Ocean International Lantern Contest will not only feature the world’s most outstanding lantern artisans but also open new opportunities to elevate and incorporate lantern art into modern life. Through this competition, artisans will fully showcase the best of traditional lantern artistry, blending it with limitless creativity through modern technology to create stunning and unique visual spectacles for the public.
For its inaugural year, the organizers have chosen the theme “Oriental Light,” hoping the program to become a cultural bridge, enhancing cross-nation exchange and inspiring love for life, while spreading hope, strength, and light for the future.
The competition consists of two rounds: the preliminary (October 31 – November 14, 2024) and the final round (November 15, 2024 – January 17, 2025). For the preliminary, teams need only submit designs via lantern@vinhomes.vn, which the jury will evaluate and shortlist. In the final round, the finalists will build their designs on-site at Ocean City, under the direct observation of the Jury. The awards ceremony for the most impressive lantern designs and the top artisans will be held on January 18, 2025, during the lively atmosphere of the Lunar New Year celebrations.
Immediately following the awards ceremony, the Ocean International Lantern Festival with the theme “Oriental Light” will launch on January 18, 2025, running until March 16, 2025. The event will feature majestic lantern displays crafted by artisans who are recognized as “living heritage” of traditional artistry. These displays will extend along a nearly 1-km route, creating a must-see artistic and spring-outing destination for millions of visitors.
Alongside the lantern displays illuminating Ocean City’s skyline, the International Lantern Festival will host a variety of activities, featuring well-known international artists and vibrant cultural exhibitions to offer an exciting musical space amidst the festival’s dazzling colors. Additionally, at Ocean City, organizers have designed a “Shine for Life” wishing path where visitors can share their best wishes for family, friends, or themselves in the New Year, along with other meaningful springtime activities designed for all ages.
The Ocean International Lantern Contest and Festival is a groundbreaking cultural event for Eastern traditional craft and an expression of hope and optimism for a better future. It also serves as a platform to bring traditional intangible cultural heritage to the public and integrate it into modern life. This significant event contributes to enhancing Vietnam’s image on the global tourism map, with hopes of attracting international cultural festivals to Vietnam and bringing the country closer to the world as we work together toward a peaceful and sustainable future./.
Award recipients to receive in-kind technologies and services to accelerate therapeutics to market
Merck experts to provide consultation and training in qualification, risk assessment, and process optimization
Program extended this year to Australia, New Zealand, Taiwan, South Korea
SINGAPORE – Media OutReach Newswire – 1 November 2024 – Merck, a leading science and technology company, today announced the winners of its Emerging Biotech (EB) Grant Program in Asia Pacific. The Award is designed to support biotech startups with resources to enable emerging companies to discover, develop, optimize, and commercialize therapeutics faster and more efficiently.
Merck Emerging Biotech Award Recipients for Taiwan receiving their awards at the award ceremony.
Merck Emerging Biotech Award Recipients for Australia receiving their awards at the award ceremony.
“Merck is committed to supporting exceptional biotech companies to both kickstart and streamline their journey from discovery to manufacturing with our grant program,” said Chua Keng Hock, Senior Vice President, Process Solutions Asia Pacific, Life Science business of Merck. “We recognize the complexities involved in delivering next-generation therapies to the market. Merck’s EB Grant is designed to expedite the development of treatments that address critical unmet medical needs.”
The award recipients are:
Country
Grand Prize Winner
Finalist Prize Winners
Special Mention
Australia & New Zealand
Southern RNA for enabling the manufacturing of mRNA for personalized medicines
Institute for Drug Technology for enabling the manufacturing of antibody-drug conjugates.
Psaio for developing bispecific antibodies targeting prostate-specific antigen to treat prostate cancer.
Kimer Med for developing
a family of broad-spectrum antiviral biologics to treat infectious diseases, and for pandemic protection.
Taiwan
HanchorBio for developing clinical-stage and next-generation immuno-oncology therapies through innovation in cutting-edge designer biologics with novel, multi-functional modalities.
Pell Biomed Technology for developing more efficient and cost-effective gene-modified cell therapies.
Glyconex for glycan-directed cancer therapies including antibody-drug conjugates to treat a range of solid tumors such as gastrointestinal cancers.
Shine-On BioMedical for developing targeted exosomes as a platform for drug delivery as well as tri-specific antibody for cancer treatment.
Merck experts selected the winning submissions based on the scientific and societal merit of the therapy in development and process challenges and expertise gaps that may impact ongoing development. In-kind technologies and services from Merck will be awarded to the winners in Australia & New Zealand and Taiwan to help solve these challenges.
Merck first started the EB grant program in 2014 in the United States and has expanded its reach to include Europe, China, South Korea and Taiwan in recent years. In 2024, the EB Grant was extended to Australia & New Zealand and is open to Taiwan and South Korea (the winners for South Korea were announced in July 2024). To-date, Merck’s EB Grant program has awarded technologies and consultation to over 40 biotechnology companies around the world, supporting their efforts to improve patient outcomes for various diseases such as cancer, brain tumors, osteoarthritis, and cardiovascular disorders.
The issuer is solely responsible for the content of this announcement.
About Merck
Merck, a leading science and technology company, operates across life science, healthcare and electronics. Around 63,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2023, Merck generated sales of € 21 billion in 65 countries.
Scientific exploration and responsible entrepreneurship have been key to Merck’s technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics.
All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service.
During the first nine months of 2024, authorities in Vientiane Capital confiscated a total of 15.5 million narcotics pills and arrested 1,273 criminals, with 82 offenders being foreigners.
City Developments, GuocoLand, SingHaiyi Group and UOL Group emerged as major winners with more than 9 awards each
Lentor Mansion, Tembusu Grand and TMW Maxwell clinched 4 Excellence awards in their respective categories
Space Efficiency was the key theme this year
Commercial and Industrial developments given their inaugural recognition at the Awards
SINGAPORE – Media OutReach Newswire – 1 November 2024 – EdgeProp Singapore has announced the winners of its annual EdgeProp Excellence Awards (EPEA) at a gala dinner on October 30, held at Shangri-La Singapore this year.
Award recipients of the EdgeProp Excellence Awards 2024
The prestigious event recognises and celebrates outstanding property developers and their developments that set a benchmark of excellence in Singapore’s real estate industry.
“Since we started, we’ve given out 64 Top Development awards—34 in the central region and 30 in the non-central region. In terms of the annual price growth or CAGR for these developments – the central region winners achieved an average annual price growth (CAGR) of 2.62%, while those in the non-central region achieved 4.19%. By comparison, over the same period, the average resale prices of non-landed private residential properties across Singapore saw growth of just 0.71% for the central region and 4.15% for the non-central region,” says Bernard Tong, CEO of EdgeProp Singapore.
“Eight years ago, we saw a need for a credible benchmark to recognise excellence and inspire progress in real estate. And that’s why we created the EdgeProp Excellence Awards. The bedrock of these awards is our judging process — rigorous, quantifiable, and deeply debated, with every choice backed by a review from KPMG,” Tong adds.
The gala night was EdgeProp’s largest-scale event to date and saw 245 guests in attendance, including key VIPs in the real estate industry. The event is sponsored by Geberit Southeast Asia, V-Zug Singapore and Mitsubishi Electric Asia Pacific, Official Automotive Partner Zeekr, Official Knowledge Partners KPMG Singapore and CPG Corporation, and Supporting Partner Cosentino.
“And the deeper message here is this: you’ve done phenomenal work. You’re transforming barren lands into vibrant communities, turning ideas into living spaces, and dreams into homes where people live in, work in, and play within,” says Tong.
The esteemed judges of EPEA 2024 were Desmond Sim, CEO of Edmund Tie & Company; Ng Sze Oun, Director of Compound Collaborative Pte Ltd; Sandy Tan, Founder of Chalked Private Limited; Sky Seah, Academic Director at National University of Singapore; Tang Kok Thye, Associate Partner of ADDP Architects LLP; and Bernard Tong, CEO of EdgeProp Singapore. The sustainability scoring methodology was developed by CPG Corporation, which borrows components from the Building and Construction Authority’s (BCA) Green Mark Certification Scheme. After judging the nominees based on six categories: Landscape, Design, Innovation, Sustainability, Showflat, and Marketing, the aggregated scores were carefully reviewed by KPMG Singapore.
“Each development is a product of the dedication and determination of so many people: the developers who envision the project, the project teams who strategise, the marketing teams who bring it to the public, and the architects who design with both beauty and functionality in mind, the consultants who ensure every step is aligned, and the many agencies who contribute their expertise,” Tong says. “It is through this collective teamwork, hard work, shared blood, sweat, and tears that these concepts become tangible places — places people are proud to call home, places that contribute to a thriving community, and places that leave a lasting impact,” adds Tong.
Please refer to the complete list of awards and winners below:
Top Developer
City Developments Limited
GuocoLand
SingHaiyi Group
UOL Group Limited
Top Sustainable Developer by CPG Corporation
UOL Group Limited
Top Luxury Development
Watten House
Top Mega Development
Avenue South Residence (Completed category) Grand Dunman (Uncompleted category)
Top Boutique Development
Myra (Completed category) The Hillshore (Uncompleted category)
Top Landed Development
Clover Villas
Top Executive Condominium
Lumina Grand
People’s Choice
Meyer Mansion (Residential Completed category) Lentor Mansion (Residential Uncompleted category) Coliwoo Orchard (Co-living) Village Hotel Sentosa (Hotel) Guoco Midtown (Commercial)
Completed Category (TOP obtained between Jan ’22 – May ’24)
Uncompleted Category (Building Under Construction) (1st caveat between Jan ‘23 – May ‘24)
The issuer is solely responsible for the content of this announcement.
About EdgeProp Singapore
EdgeProp Singapore offers real estate news and analytics to homebuyers and investors. EdgeProp Singapore is also the property section of The Edge Singapore, a business and investment weekly publication established in November 2001.
OP-ED BY Sandra Bernklau, UNFPA Representative, Cambodia
Bakhtiyor Kadyrov, UNFPA Representative, Laos
Patricia Ongpin, UNAIDS Country Director for Cambodia, Laos and Malaysia
In the heart of Southeast Asia, Cambodia and Laos stand united in efforts to end the HIV epidemic. While significant progress has been made, there is still much to do. UNAIDS data shows that ending AIDS as a public health threat is achievable by 2030, but only if countries, communities and partners close the gaps holding back progress.
The bottom line is we can only end AIDS as a public health threat by overcoming it everywhere, for everyone.
The actions we take today to end AIDS will help advance the achievement of all the Sustainable Development Goals, ensure countries are prepared to overcome the pandemics of the future, and help secure a safer, fairer world for everyone.
This means all countries need to continue learning further from each other’s experiences and working together to strengthen their HIV response. Despite tremendous strides taken in Cambodia and Laos and the region over the past two decades, AIDS is not over—a great deal of unfinished work lies ahead.
That is why a recent UNAIDS and UNFPA-facilitated learning exchange between the two countries is so encouraging. As part of this quest to help close knowledge gaps, 18 delegates from nine institutions in Laos visited Cambodia, including government stakeholders, United Nations representatives, civil society organizations and youth networks.
The primary objective was to gain insights into successful HIV prevention strategies implemented in Cambodia, with a focus on achieving the so-called “95-95-95 goals”, to diagnose 95 percent of all people living with HIV, provide antiretroviral therapy for 95 percent of those diagnosed and achieve viral suppression for 95 percent of those who are on HIV treatment by 2030. With Cambodia having already achieved 89-99-98 of these targets, key lessons can be learnt – particularly in community-led services and innovative approaches to address gaps in HIV prevention.
Photo supplied by UNFPA Laos
Fresh initiatives, under Cambodia’s National Policy for Ending AIDS and the Sustainability of HIV Programme for 2023-2028, prioritizes identifying, testing, and treating nearly 10,000 undiagnosed people living with HIV among other priorities. This includes encouraging those at risk of HIV transmission – particularly young people, men who have sex with men, transgender people, people who inject drugs and sex/female entertainment workers – to seek testing and access health and social protection benefits.
A key feature of helping young people make safe choices is the Comprehensive Sexuality Education curriculum, with UNFPA working with the ministries of Education in both countries to ensure individuals have the knowledge and skills to understand HIV transmission and prevention, promoting safe practices and reducing stigma, which are essential steps toward healthy behavior and ending AIDS.
This work is critical as young people remain at risk in both countries, with 43 percent of new infections occurring among young people aged 15-24 years in Cambodia – compounded by only 23 percent of young people aged 15-24 years having comprehensive knowledge about HIV, a decline from 38 percent in 2014. In Laos, 43 percent of new infections were among young people aged 15-24 years in 2023.
With Cambodia and Laos committed to ensuring the sustainability of HIV response, UNAIDS and UNFPA are working with the respective governments as well as stakeholders and partners to realize the 95-95-95 and national targets to address inequality to end AIDS.
This work is critical as both countries face unfinished agendas to address stigma, discrimination, and other legal, human rights, social and gender-related barriers that make people vulnerable to HIV transmission and hinder their access to HIV prevention, treatment, care and support services.
UNAIDS and UNFPA, with the principle of leaving no one behind, reaffirm our commitment to support the governments of Cambodia and Laos in strengthening HIV prevention and treatment. Together with all stakeholders – including civil society, media and communities of people living with HIV, youth and key populations – we will continue to advocate for the protection of the rights of people living with HIV, the elimination of stigma and discrimination, and to ensure that all young people have access to the information, support and services they need to make healthy choices for their lives.
BANGKOK, THAILAND – Media OutReach Newswire – 1 November 2024 – Siam Paragon reaffirms its positioning as a leading ‘global luxury destination’ and the top-of-mind destination for both Thai and international visitors. In collaboration with key partners in Thailand’s vibrant business ecosystem, Siam Paragon recently showcased the country’s boundless potential to be a world-class fashion hub with the highly-anticipated “Siam Paragon Bangkok International Fashion Week 2024” (BIFW2024). This prestigious event brought together renowned Thai designers and top designers from Asia, from October 2-6, 2024, at Parc Paragon, Siam Paragon. Under the theme, “Envision the Future,” the event aimed to propel Thai fashion into an even more promising future.
Thanaporn Tantiyanon, Head of Business Unit at Siam Paragon, stated, “Siam Paragon has consistently supported the Thai fashion industry by hosting BIFW, the top fashion runway in Thailand and Southeast Asia, for 17 consecutive years. This platform provides opportunities for Thai designers to showcase their creative talents while also giving rising designers a great chance to showcase their work. Importantly, our goal is to strengthen the Thai fashion ecosystem, foster economic value, and generate thriving economic activities for the fashion value chain. This year, BIFW2024 centered around the theme ‘Envision the Future,‘ with a strong focus on the future of fashion and sustainability. We are committed to being a driving force in shaping and steering the fashion industry forward to success and sustainability.”
Siam Paragon, as a ‘world-class luxury destination’, also serves as a premier platform for both international luxury brands and Thai entrepreneurs to showcase their finest offerings. The wide range of luxury names available has been exceptionally well received among luxury customer segment, driving impressive sales and achieving remarkable growth rates that rank among the highest achievers globally. This success amplifies Siam Paragon’s status as a true luxury destination. This October, alongside the exquisite fashion shows on the BIFW2024 grand runway, world-renowned luxury fashion brands will also host exclusive activities. These include special events such as Bulgari’s Eternally Reborn exhibition to mark the brand’s 140th Anniversary that showcases historic and iconic pieces as part of the world’s exclusive showcase hosted at only 7 countries worldwide. The exhibition runs from 1-27 October 2024 exclusively at Siam Paragon. Gucci Thailand High-End Event, held from October 2-6, 2024, at the Gucci Women Store on the M floor of Siam Paragon. During this event, Gucci is presenting unique products specially curated for the occasion, providing attendees with an exclusive luxury experience. Additionally featured at Siam Paragon are the first pop-up shop in Thailand by Roger Vivier, and a brand-new pop-up shop by Miu Miu.
“Siam Paragon Bangkok International Fashion Week 2024” redefines luxury experiences for multi-dimensional lifestyle, embracing the concept of ‘Luxury for All.‘ The event features 15 fashion shows that highlight creative excellence, celebrating the latest collections from both leading Thai labels and renowned international brands. In addition, it was the biggest gatherings of Thai and international celebrities and influencers, both on the grand runway and the front row.
Absolute Siam x Dry Clean Only x AJOBYAJO – Absolute Siam, a multi-brand store showcasing the creativity of Thai street fashion, in a special collaboration with the renowned Thai streetwear brand Dry Clean Only and the emerging Korean brand AJOBYAJO to present an Asian-inspired fusion of street and sporty wear. ASAVA, led by the acclaimed designer Moo-Polpat Asavaprapha, will present a collection that embodies the essence of femininity through simple, minimalist designs that blend timeless elegance. FLYNOW, a legendary Thai fashion brand celebrated for its distinctive design approach and spectacular fashion show, will unveil an extraordinary collection under the creative direction Somchai Songwattana.
ISSUE presented by GC – ISSUE, a unique brand by Bhubawit Kritpholnara will present captivating “SAMSARA.” collection, This main collection explores the cycle of life through the Buddhist philosophy of “Paticcasamuppada” (The Law of Dependent Origination), expressed through the concept of ‘Time’ as an avatar of Lord Shiva. It beautifully reflects the overall picture of life filled with happiness and suffering in harmony. Speically, ISSUE has partnered with GC, or PTT Global Chemical Public Company Limited, to unveil a limited-edition collection of unique clothing and accessories created from the plastic waste management expertise. Used PET plastic bottles were recycled into fibers, featuring distinctive patterns that reflect the unique identity of Bang Krachao community.
KLOSET, led by Mollika Ruangkritya and Nat Mangkang, will present a highly anticipated fashion show that transforms the runway into a ‘Kloset Hotel.’ This unique setting invites young men and women to explore fresh experiences, featuring clothing that perfectly captures the essence and vibe of the 1970s.
For Leisure Projects presented by CITIZEN, Nat Kanokvaleewong introduces the concept of “Dancing under the Moonlight,” inspired by the iconic full moon party on Koh Phangan, Surat Thani Province. This inspiration is reimagined into a tropical winter collection that will be showcased alongside CITIZEN Tsuyosa Collection, a collection of classic yet colorful timepiece.
For MOO Bangkok, Moo-Polpat Asavaprapha will showcase a collection that embodies the brand’s signature urban casual menswear. This collection captures the lively essence of countryman, blending elements of preppy, vintage, and uniform aesthetics. The result is a range of simple yet charming outfits, infused with a playful spirit and contemporary coolness, designed for effortless everyday wear.
NAGARA, byNagaraSambandaraksa, presents “Timeless Threads: Silk Stories,” a collection that celebrates the traditional Japanese art of silk tie-dyeing. Each piece in the collection is infused with the essence of art and cultural heritage, showcasing the beauty of intricate patterns that narrate stories of nature, culture, and masterful craftsmanship.
PAINKILLER Atelier, led by Siriorn Teankaprasith, unveils the “Hilltribe Residency” collection. This collection blends the traditional clothing of various ethnic groups from the mountainous regions of Northern Thailand with contemporary urban fashion and streetwear.
For POEM presented by MERZ AESTHETICS, led by the talented designer Chavanon Caisiri, the collection draws inspiration from the legendary tale of Sirens and Sailors. It reflects the multi-dimensional nature of modern women.
TandT presented by TAT, designed by Thanawut Thanasarnvimon, explore a world of imagination with the enchanting collection, “My Sleepy Bedtime Friends / In The Middle Of The Night.” This collection tells the story of a ‘Magic’ through magician who lulls you into a sleep filled with dreams, expressed through a blend of feminine and masculine elements. The pieces feature the brand’s signature hand-crafted rose technique, conjuring flowers like magic, and the ruched technique, creating flowing ruffles reminiscent of theater curtains. Additionally, the audience will discover the special collection of T-shirts created in collaboration with the Tourism Authority of Thailand, featuring various designs that capture the charm and magic of Thailand.
VICKTEERUT, led by Aurapraphan Sudhinaraset, presents “Eclipse,” a collection that captures the moment when the shadow of an eclipse descends, enveloping everything in darkness and silence. This mysterious period is imbued with an indescribable, romantic atmosphere, evoking the longing for love that resides within us all.
27FRIDAY proudly presents “WE ARE ALL HUMAN,” a collection celebrating the 60th birthday of designer and brand owner Chanachai Chariyathana, as well as the 35th anniversary of his illustrious career in fashion. This show emphasizes that “fashion” goes beyond the boundaries of gender, age, and status, highlighting the belief that every individual has a unique value.
The BIFW2024 grand runway this year also welcomed renowned Asian brand LIE SANGBONG, led by legendary Korean designer Lie Sangbong. He showcased the latest collection titled “Coexistence: Architecture & Humanity,” which harmoniously blends the elegance of traditional Korean architecture with the refined aesthetics of contemporary fashion. Moreover, FRIENDS OF SHANGHAI TANG, designed by Joe Li, invited creative individuals who have played a role in shaping the brand’s uniqueness to join in celebrating the 30th anniversary of the brand, which was founded in the Year of the Dragon. This collection reflects the aesthetics of modern Asia, contemporary beauty, and timeless luxury. It draws inspiration from the concept of ‘extraordinary every day.’
BIFW2024 was a remarkable collaboration among partners from various sectors across Siam Piwat’s robust ecosystem, involving both government and private entities. Key partners include the Tourism Authority of Thailand (TAT), KASIKORNBANK Public Company Limited, Merz Aesthetics (Thailand) Company Limited, PTT Global Chemical Public Company Limited (GC), Citizen, M.A.C Cosmetics (Thailand), Epson, Chivas The Blend, Absolut It’s in our Spirit, Nesvita, Paul Mitchell hair products, KTC (Korea Thailand Communication Center), and Chatrium Grand Bangkok Hotel. Hashtag: #SiamParagonBIFW2024 #SiamParagon
The issuer is solely responsible for the content of this announcement.
Application for drug marketing registration duly submitted Super heavyweight items are expected to drive performance soaring
HONG KONG SAR – Media OutReach Newswire – 1 November 2024 –AIM Vaccine (06660.HK) announced on 1st November that the application for drug marketing registration of the Company’s independently developed 13-valent pneumonia conjugate vaccine has been submitted to the National Medical Products Administration. AIM Persistence Biopharmaceutical Co., Ltd., a wholly-owned subsidiary of the Group, has obtained the requisite drug production license for manufacturing the product. Prior to the outbreak of the COVID-19 pandemic, the product had been the world’s top-selling vaccine for ten consecutive years. AIM Vaccine this super heavyweight single product entered the countdown to market.
According to the classification of the World Health Organization, pneumococcal disease is one of the diseases with very high priority use of vaccines for prevention. According to Pfizer’s 2023 annual report, Pfizer’s global sales of the pneumonia conjugate vaccine in the year of 2023 was approximately USD6,440 million. In addition, the estimated penetration rate of the 13-valent pneumonia conjugate vaccine in the approved age group in China is 25.9%, while the penetration rate in the corresponding age group in the United States exceeds 80%, indicating that there is still significant room for growth in the Chinese market. Domestic sales of the product in 2022 was approximately RMB9,500 million. According to the forecast of China Insights Industry Consultancy Limited, it is expected that the market size of the product will reach RMB35,000 million in 2030.
Based on the estimation of authoritative organizations, the global underserved demand for the 13-valent pneumonia conjugate vaccines is as high as 180 million doses. However, currently, only three companies have been approved to supply them globally. The Group will become an important supplier in the market after the launch of this product, which will significantly enhance the Company’s performance. Hashtag: #AIMVaccine
The issuer is solely responsible for the content of this announcement.
SAGUENAY, QUEBEC – Newsfile Corp. – 31 October 2024 – First Phosphate Corp (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce that the Company has filed its Initial Mineral Resource Estimate (“MRE”) Technical Report for the Bégin-Lamarche Project, located 50 km northwest of the City of Saguenay, Quebec, Canada.
The Technical Report titled “Technical Report and Initial Mineral Resource Estimate of The Bégin-Lamarche Phosphate Property, Saguenay – Lac Saint-Jean Region, Northern Quėbec” dated November 1, 2024, with an effective date of September 9, 2024, was prepared by P&E Mining Consultants Inc. and is in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects and supports the disclosures made by the Company in its news release dated September 18, 2024. A full copy of the Report is available on the First Phosphate website at www.firstphosphate.com/projects/begin-lamarche and can be found at SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.
Inferred pit-constrained Mineral Resource: 214.0 Mt @ 6.01% P2O5 (phosphate) Indicated pit-constrained Mineral Resource: 41.5 Mt @ 6.49% P2O5
Including Mountain Zone: Indicated Mineral Resource of 9.3 Mt @ 8.19% P2O5 Inferred Mineral Resource of 6.8 Mt @ 8.57% P2O5
The Deposit is open at depth
The deposit contains very low levels of potentially deleterious elements
Metallurgical Testwork indicates an anticipated apatite concentrate grade of 40% P2O5 at a 91% recovery
The deposit presents the potential for recovering two additional primary mineral products: a magnetite concentrate (iron) and an ilmenite concentrate (titanium)
Apatite (Phosphorus), titanium and high purity iron are all listed on the Quebec and Canadian critical minerals lists
Qualified Person
The Qualified Person independent of the issuer, responsible for estimating the Mineral Resources of the Begin-Lamarche Property, within the meaning of NI 43-101, is Mr. Antoine Yassa, P.Geo., of the firm P&E Mining Consultants Inc. Mr. Yassa has read this press release and confirms that the scientific and technical information in this press release for accuracy and compliance with NI 43-101.
The scientific and technical disclosure for First Phosphate included in this News Release have been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Chief Geologist of the Company and a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).
The issuer is solely responsible for the content of this announcement.
About First Phosphate Corp.
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the lithium iron phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.
Forward-Looking Information and Cautionary Statements
This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains.
These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; limited resources and competition; negative cash flow from operations and the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Indigenous title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; fluctuation in commodity and materials prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; contagious disease and geopolitical risks; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.
These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual report on Form 20-F dated July 8, 2024 and Management Discussion and Analysis dated October 21, 2024 which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR THE UNITED STATES