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Vingroup: the powerhouse behind VinFast’s electric vehicle ambitions

Leveraging Vietnam’s manufacturing ecosystem and backed by deep-pocketed Vingroup, the country’s largest private conglomerate, VinFast is positioning itself as a global electric vehicle contender.


HANOI, VIETNAM – – Media OutReach Newswire – 26 July 2024 – Pham Nhat Vuong, Vietnam’s wealthiest man and the driving force behind Vingroup, the country’s largest private conglomerate, is all-in on electric vehicles. His unwavering belief in the future of electric mobility has fueled VinFast, Vingroup’s automotive arm.

Vingroup, the powerhouse behind VinFast's electric vehicle ambitions
Vingroup, the powerhouse behind VinFast’s electric vehicle ambitions

Mr. Vuong has described VinFast as a “devotion project,” a testament to his personal conviction that the electric vehicle market is poised for explosive growth. This vision has propelled the company forward, even as it navigates a challenging global economic landscape marked by rising interest rates and uncertain consumer sentiment.

At Vingroup’s annual shareholder meeting, Mr. Vuong reiterated his ironclad commitment to VinFast. “The electric vehicle market will continue to grow,” he declared. “VinFast is Vingroup’s mission, honor, and future.” His words underscored the company’s determination to become a global electric vehicle powerhouse.

As VinFast races to compete on the world stage, Mr. Vuong’s deep pockets provide a crucial financial cushion.

VinFast’s manufacturing complex in Hai Phong, Vietnam
VinFast’s manufacturing complex in Hai Phong, Vietnam

Multi-industry Corporation from Vietnam, a New Manufacturing Powerhouse

Vietnam’s rapid economic growth has propelled domestic conglomerates like Vingroup to the forefront of the nation’s business landscape. As a behemoth contributing an estimated 1.6% of Vietnam’s 2023 GDP, Vingroup has diversified its portfolio across technology-industry, trade & services, and social enterprise.

Real estate and electric vehicles have emerged as the twin engines driving Vingroup’s financial performance. In 2023, these sectors combined to generate over $6.5 billion in revenue. This momentum carried into 2024, with the company reporting $853.7 million in consolidated net revenue during the first quarter.

Vinhomes, Vingroup’s real estate subsidiary, stands as a dominant force in Vietnam’s property market. Renowned for its scale, speed, and service, Vinhomes is at the vanguard of the country’s real estate sector. With a vision to create world-class living environments, Vinhomes is redefining urban living by seamlessly blending residential spaces with nature, amenities, and community.

Meanwhile, manufacturing emerged as the key driver of this growth, with revenue reaching 238.2 million USD, a significant 3.4-fold increase compared to the same period in 2023. This highlights the growing strength of Vingroup’s manufacturing sector.

In fact, Vietnam has emerged as a manufacturing powerhouse, attracting global companies seeking to diversify supply chains. Low labor costs, a skilled workforce, and open investment policies fuel this growth. However, Vietnam has long aspired to develop its own independent automotive industry, complete with a domestic supply chain.

Prior to VinFast’s appearance, the Vietnamese auto sector relied heavily on imports, with limited local assembly and underdeveloped supporting industries.

VinFast has become a key player in fostering an independent and proactive Vietnamese auto supply chain. This, in turn, elevates the national brand on the world stage. Just seven years after unveiling its first models at the Paris Motor Show, Vingroup’s chairman, the founder of VinFast, has been included in a prestigious list of the most influential figures in the global auto industry, the 2024 MotorTrend Power List.

Vingroup’s Tech Ecosystem Propels VinFast’s Electric Vehicle Push

Forging strategic partnerships and prioritizing consumer-centric technology features, VinFast aims to carve a niche in the competitive electric vehicle market. The company’s product portfolio emphasizes innovative features that enhance the driving experience. This focus, coupled with the backing of its parent company, Vingroup, positions VinFast for potential success.

VinFast’s parent company brings more than just financial muscle to the table. It also provides a comprehensive technological ecosystem that empowers VinFast to develop cutting-edge, smarter electric vehicles that surpass gasoline-powered rivals.

Vingroup’s technology ecosystem serves as a robust platform, empowering not only VinFast but also its real estate, services, and healthcare divisions to leverage cutting-edge innovations.

  • VinBigData: Established on the bedrock of Vingroup Big Data Institute’s data science and AI expertise, VinBigData delivers cutting-edge products like ViVi (smart voice assistant) and AI Camera.
  • VinAI: A leader in smart mobility solutions, VinAI empowers automakers to elevate vehicle performance through advanced AI technologies. Their innovations are already integrated into VinFast models and those of European automakers. Notably, VinFast’s collaboration with VinAI on VinFast MirrorSense, the world’s first AI-driven automatic mirror adjustment technology, recently earned an Innovation Award at CES 2024.
  • VinES: With a focus on research, development, and production of batteries, VinES plays a crucial role in solidifying VinFast’s self-sufficiency in battery technology. Last year’s merger between VinES and VinFast further strengthens VinFast’s position in the competitive EV market.
  • VinCSS: Cybersecurity takes center stage with VinCSS, which provides passwordless authentication solutions and IT security services.
  • VinHMS: Optimizing business operations is VinHMS’s forte. This software company delivers high-quality tech products specifically designed to streamline enterprise activities.
  • VinBrain: Revolutionizing healthcare with AI, VinBrain leverages cutting-edge technology to create tailored solutions for the medical sector.

Recently, Vingroup has earned the prestigious AIBP 2023 ASEAN Tech for ESG Award, solidifying its position as a leader in sustainable development across Southeast Asia. As a regional multi-industry conglomerate, Vingroup is driving a greener future through digital initiatives focused on ESG principles.

Leveraging cutting-edge technologies like AI, IoT, robotics, immersive tech, and blockchain, Vingroup addresses sustainability challenges across its diverse portfolio covering the technology industry, trade & services, and social enterprise.

VinFast serves as the final piece of Vingroup’s ambitious puzzle, driven by a vision to elevate the lives of everyone with smarter technologies.

Vingroup’s chairman emphasizes social responsibility as a key motivator for investing in VinFast. He aspires to establish VinFast as a prestigious Vietnamese brand on the global stage. Mr. Vuong acknowledges the long-term commitment required and pledges to dedicate significant resources from both Vingroup and himself to ensure VinFast’s success.

Hashtag: #Vinfast

The issuer is solely responsible for the content of this announcement.

The Arc in London’s Fintech District Celebrates Strong Asian Connections as It Opens Its Doors

The Arc is a new eco-friendly mixed-use development in Shoreditch, London, featuring extensive health and wellbeing credentials and amenities, 150,000 sq. ft office space and landscaped roof top gardens


LONDON, UK – Media OutReach Newswire – 26 July 2024 – Ghelamco, a renowned international property developer, proudly announces the official opening of The Arc in Shoreditch, London, to its first residents and commercial tenants. This milestone is marked by a significant influx of Asian buyers, a Tian Tian Market on site, a show home curated by Taiwanese-American interior designer, Dara Huang, and rooftop gardens designed by the creators of Singapore’s Gardens by the Bay – highlighting a quartet of distinguished Asian connections.

The Arc gym
The Arc gym

Notably, over a third of the newly developed homes have been purchased by Asian buyers, marking significant international interest. Among the nations, Chinese purchasers lead the acquisitions, followed by buyers from Hong Kong, Malaysia, Singapore and Taiwan. To date, The Arc has sold over £35 million worth of apartments to such purchasers. Of these sales, 25% are buy-to-let investors and 75% own users, which includes parents buying homes for their children attending UK universities. Buyers were drawn by The Arc’s aspirational design, wellness amenities, eco-friendly features and its prime location amid significant area regeneration.

The Arc’s Asian connections extend beyond its residential buyers too. Tian Tian Market, an Asian health food supermarket, has secured a 3,678 sq ft (341.7 sq m) retail space on the ground floor, committing to a fifteen-year lease. Whilst the rooftop gardens, meticulously crafted by Grant Associates – the experts behind Singapore’s Gardens by the Bay – offer panoramic views, seating and BBQ areas. The gardens feature a diverse array of plants aimed at promoting urban biodiversity, including edible species and bee-friendly flowers.

The Arc roof top terrace
The Arc roof top terrace

Meanwhile, world-renowned interior designer, Dara Huang, has curated a two-bedroom 1,000 sq ft apartment into a beautifully presented show home, which is on the market for £1.8million, boasting two terraces and landmark views of London to include St Pauls Cathedral and The Shard.

Designed by Allford Hall Monaghan Morris, the architects behind the Saatchi Gallery, The Arc draws inspiration from both Star Wars and New York’s Meatpacking District. Now complete, the first set of residents have now moved in, whilst Tian Tian Market is set to open its doors any moment now. Overall, The Arc includes 100 one-to-three-bedroom apartments, 150,000 sq ft of commercial space and numerous amenities that include London’s first UFC gym with rings and rope climbing, yoga studio, treatment rooms, golf simulator, 13-seat private cinema room, 236 cycle hub with showers and lockers and an open-air event space. The development also boasts a suite of certifications, including DGNB, BREEAM, WELL, WIREDSCORE, and SMART SCORE, underscoring its commitment to sustainability and occupant wellbeing.

Eco credentials including being an all-electric building, a 30% reduction in carbon emissions, air source heat pumps, EPC-A rated homes and a ‘blue roof’ system for the reuse of grey water within the building. Communal spaces are also cleverly designed with features such as radiation-based heating and cooling systems to eliminate air flow and reduce the spread of bacteria and viruses. Whilst the ventilation system guarantees 15L/s per person of fresh air, greatly exceeding today’s standards and contributing to a healthier and more pleasant environment. Meanwhile, vertical piers with setback spandrel panels maximise the amount of natural light, creating a stimulating environment, whilst artificial light is 100% LED and designed according to WELL standards.

Situated at the crossroads of five vibrant districts – The City, Shoreditch, Old Street, Angel and Hoxton – The Arc benefits from excellent connectivity, with Old Street station undergoing major renovations and high-speed Crossrail services from Farringdon. Residents enjoy proximity to Shoreditch’s creative scene and Clerkenwell’s boutiques, as well as 10 Michelin-starred restaurants and some of London’s most illustrious intellectual powerhouses, making it an ideal location for students and professionals alike.

The Arc is Ghelamco’s first UK development, with their second, The HiLight, currently under construction in Battersea. Scheduled for completion in summer 2026, The HiLight will offer 113 EPC-A rated luxury waterfront residences with panoramic views, alongside extensive amenities to include club room, cinema, fitness and wellness studio, meeting room and workspaces, sky bar, sports court, viewing platform and a sensory rooftop garden. The HiLight will also be carbon neutral and EDGE certified due to minimising and reducing energy and water usage by 20% compared to a standard structure. Sales launch this Autumn and interested purchasers can register via The HiLight’s website.

Internationally, Ghelamco is known for its sustainability credentials, with all of their developments to date awarded either ‘Outstanding’ or ‘Excellent’ BREEAM certification. Recently, they became the first developer in Poland to build photovoltaic farms as a part of its ESG strategy to guarantee Zero Carbon buildings in operation. Whilst Google, who are at the forefront of innovation themselves, recently purchased Ghelamco’s office-complex, The Warsaw Hub, for their Polish headquarters in Warsaw in a €583m deal. Established in 1985 by Paul Gheysens, the family-owned business is now spearheaded in the UK by his 30-year old daughter Marie-Julie. Beyond creating urban homes, offices and retail, the developer’s track record includes branded residences, golf courses, football stadiums and hotels.

Marie-Julie Gheysens, Head of UK at Ghelamco commented: “The swift sales to Asian buyers highlights the enduring confidence in the London property market still. The Arc’s appeal lies in its aspirational design, health and wellbeing amenities, eco-friendly features and strategic location within a rapidly regenerating area. These factors have definitely driven strong interest and confidence amongst this demographic.”

Harry Anthony, Associate in Knight Frank’s City New Homes team said:
“London’s real estate market has historically shown strong appreciation over time, offering international investors appealing returns. The Arc has certainly proved to be attractive to global professionals, who value its sustainable ethos and premium amenities. Set in vibrant Shoreditch, it offers an eclectic mix of culture, dining, and entertainment that appeals to a cosmopolitan audience as well as its good transport links. This blend of sustainability, connectivity, and amenities has made The Arc an exceptional investment opportunity.”

Sascha Moore, co-head of East London residential development sales at Savills, added: “The perception of East London has changed dramatically in recent years – no longer a purely commercial location, the residential offering is in high demand. The quality of the residential developments – not to mention the amenities included within them – has led to strong interest from a range of domestic and international buyers, many of whom are international owner occupiers living in the UK for school or work and want to be in this exciting part of town. Beyond the services offered to residents which, taking The Arc in Shoreditch as an example, provides a 24-hour concierge, golf simulator, fitness and yoga studio, the lifestyle of the City’s fringe appeals to a wide range of buyer”.

Knight Frank and Savills are appointed as residential agents for The Arc, with prices starting from £735,000 for a studio apartment.

https://www.thearc-london.com / Sales Tel: +44 (0)208 183 333 / 204 City Road
London, EC1V 2PH

Hashtag: #Ghelamco #TheArc

The issuer is solely responsible for the content of this announcement.

ABOUT GHELAMCO

  • Established in 1985 by Paul Gheysens, the family-owned business is now spearheaded in the UK by his daughter Marie-Julie. Beyond creating urban homes, offices and retail, the developer’s track record includes branded residences, golf courses, football stadiums and hotels.
  • Ghelamco is a leading International Real Estate Investor and Developer that is unwavering in its mission to achieve greener, smarter and more efficient projects – Ghelamco’s vision is to create cities that unleash a positive human energy
  • The company has an unparalleled track record of growth over the past three decades and is highly recognised by its peers for its top-quality projects and pioneering work in the creation of sustainable, energy neutral concepts
  • Ghelamco maintains a high-quality internal control over all of its project’s development phases – from land purchase and planning through to construction and sales and leasing. Their projects combine prime and strategic locations with efficient and aesthetically inspiring designs
  • Ghelamco is a market leader in sustainable development and since 2011 every one of Ghelamco’s projects has been awarded either Outstanding or Excellent BREEAM certifications – Spectrum (Brussels), Silver Tower (Brussels), The Link (Antwerp), Woloska (Warsaw), Warsaw Spire (Warsaw), Wronia 31 (Warsaw) recognized as greenest building of CEE in BREEAM Awards 2019 competition (BREEAM Outstanding)
  • Ghelamco not only focuses on energy saving but also on workplace comfort, water usage, innovation, location and social impact and has been appointed as a Partner in the European Commission’s “Green Building Programme” for several projects in Poland
  • Constantly striving to achieve greener and more sustainable ways of delivering their projects, Ghelamco has become an expert in the creation of energy neutral concepts, meeting the highest ecological standards across their entire portfolio

CORRECTION FROM SOURCE: Doubleview Reports Maiden Mineral Resource Estimate


Resource estimate highlights:

  • Indicated resource estimate of 150 million tonnes (Mt) and inferred resource estimate of 477 Mt at 0.2% copper equivalent (“CuEq”) cut-off grade; or
  • Indicated resource estimate of 1.353 billion pounds (Blb) of CuEq at 0.408% CuEq, which includes 733 Mlb of copper, 28 Mlb of cobalt, 929 thousand ounces of gold and 2 million ounces of silver.
  • Inferred resource estimate of 3.619 Blb of CuEq at 0.344% CuEq, which includes 1.945 Blb of copper, 91 Mlb of cobalt, 2.328 million ounces of gold and 7.575 million ounces of silver.
  • Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.

Vancouver, British Columbia–(Newsfile Corp. – July 26, 2024) – Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (“Doubleview” or the “Company”) is pleased to announce the maiden Mineral Resource Estimate (“MRE”) of its 100% owned polymetallic Hat porphyry project (“Hat”), located in northwestern British Columbia. With major content of Copper, Gold, Cobalt as well as the potential of Scandium, Hat can become an important source of critical minerals.

Farshad Shirvani, president & CEO of Doubleview Gold Corp commented, “Year by year, the size of the deposit was increased by very targeted drilling, bringing it to a footprint of about 1.5km x 1.38km. I appreciate my technical and management team in this endeavor. We’ve discovered numerous additional elements within the Hat deposit that will soon be unveiled, each further showcasing the deposit’s uniqueness and enhancing the resource.”

Summary of MRE for Hat Deposit:
Table 1: Hat Deposit MRE with a 0.2% CuEq cut-off (being the basecase scenario to be set forth in the Technical Report)

Average Grade Metal Content
Open Pit Model Hat Resource Category Tonnage CuEq Cu Co Au Ag CuEq Cu Co Au Ag
Mt % % % g/t g/t million lb million lb million lb thousand oz thousand oz
In Pit Indicated 150 0.408 0.221 0.008 0.19 0.42 1,353 733 28 929 2,045
Inferred 477 0.344 0.185 0.009 0.15 0.49 3,619 1,945 91 2,328 7,575

Parameters used to calculate cut-off grade:

Au price US$/oz: 1,900; Ag price US$/oz: 24; Cu price US$/lb: 4; Co price US$/lb: 22; Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%; Mining cost US$/t (OP): 2.5; Processing Cost US$/t: 6; G&A Cost US$/t: 2

Copper Equivalent Calculation

CuEq in % = ([Ag grade_ppm] *24*0.68/31.1035 + [Au grade_ppm] *1900*.89/31.1035 + 0.0001* [Co grade_ppm] *22*0.78*22.0462 + 0.0001* [Cu grade_ppm] *4*0.84*22.0462)/(4*22.0462*0.84). Scandium is not part of the copper equivalent calculation.

MRE Table Notes:

  1. The effective date of the (MRE) is 17 July 2024.
  2. The Mineral Resource Estimate has been stated using CuEq cut-off grade for comparison purposes with Doubleview’s previous statements. The CuEq value is primarily driven by the prices of associated minerals. Micon International Limited’s (“Micon”) QPs recommend that future resource estimates are completed using a NSR calculation.
  3. Mr. William Lewis P.Geo., and Ms. Chitrali Sarkar M.Sc., P.Geo., of Micon are the QPs responsible for MRE as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and are responsible for the 2024 MRE.
  4. The mineral resources disclosed in this news release were estimated using the CIM standards for mineral resource and reserve definitions and the CIM best practices guidelines for resource estimation.
  5. The mineral resources reported are within the boundaries of a pitshell derived from the open pit optimizer, assuming surface mining methods with an overall slope angle of 45 degrees and the original block model was re-blocked to 20m x 20m x 20m. Mineralized blocks outside of the pitshell are not considered to be part of the MRE.
  6. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
  7. Geological modelling and the MRE have been completed using Leapfrog Geo and Edge software.
  8. An open pit cut-off grade of 0.14% CuEq was calculated for the MRE using a gold price of US$1,900/oz, a silver price of US$24/oz, a copper price of US$4/lb and a cobalt price of US$22/lb; mining cost US$2.5/t, processing cost US$6/t and G&A costs of US$2/t; gold recovery of 89%, silver recovery of 68%, copper recovery of 84% and cobalt recovery of 78%. However, to further fulfill the criteria for an MRE to meet the definition of potentially economic extraction, Doubleview has used an open pit cut-off grade of 0.20% CuEq to report the initial basecase mineral resources.
  9. EUR ING Andrew Carter B.Sc. CEng. MIMMM, MSAIMM SME of Coffey, Tetra Tech has reviewed the metallurgical test work and is the QP responsible for the metallurgical recoveries and processing costs.
  10. The MRE has been classified according to CIM definitions of Indicated and Inferred Resources. There are no Measured Resources, at this time. The Mineral Resource classification has been visually reviewed to eliminate any ‘Spotted Dog’ effect, commonly seen in computer-generated models.
  11. Ordinary Kriging (OK) interpolation method was used with a single block size of 10m x 10m x 10m.
  12. The mineral resource results are presented in-situ within the optimized pit. Mineralized material outside the pit has not been considered as a part of the current MRE. Calculations used metric units (metres, tonnes, g/t).
  13. The tonnes and metal contents are rounded to reflect that the numbers are an estimate and any discrepancies in the totals are due to the rounding effects.
  14. MRE is concluded using up to drillhole H071 at the Hat deposit.

Sensitivity Analysis:

Table 2: Sensitivity Analysis on Grade inside the Hat Deposit Pit

OP model Category CuEq cut-off grade Cumulative Tonnage Weighted Average Value Cumulative Material Content
CuEq Cu Co Au Ag CuEq Cu Co Au Ag
% Million Tonnes % % % g/t g/t million
lb
million
lb
million
lb
thousand oz thousand oz
In Pit Indicated 0.1 217.17 0.33 0.172 0.008 0.16 0.37 1576 824 38 1086 2591
0.12 205.60 0.34 0.180 0.008 0.16 0.38 1547 814 36 1067 2515
0.14 192.39 0.36 0.188 0.008 0.17 0.39 1509 799 34 1040 2417
0.16 178.31 0.37 0.198 0.008 0.18 0.40 1463 780 32 1008 2300
0.18 164.32 0.39 0.209 0.008 0.18 0.41 1410 758 30 971 2179
0.2 150.49 0.41 0.221 0.008 0.19 0.42 1353 733 28 929 2045
0.3 92.83 0.51 0.285 0.009 0.24 0.48 1039 584 18 707 1421
0.4 55.91 0.61 0.354 0.009 0.28 0.53 758 437 12 510 960
0.5 34.27 0.72 0.425 0.010 0.33 0.59 545 321 8 361 651
0.6 21.16 0.83 0.498 0.011 0.37 0.65 387 232 5 253 441
0.8 8.14 1.06 0.659 0.012 0.46 0.79 191 118 2 119 208
Inferred 0.1 903.19 0.25 0.129 0.008 0.11 0.42 5008 2559 153 3194 12312
0.12 812.65 0.27 0.138 0.008 0.12 0.44 4789 2471 141 3060 11493
0.14 722.77 0.28 0.148 0.008 0.12 0.45 4531 2364 129 2899 10571
0.16 634.85 0.30 0.160 0.008 0.13 0.47 4240 2236 116 2716 9570
0.18 550.39 0.32 0.172 0.008 0.14 0.48 3924 2091 103 2517 8536
0.2 477.38 0.34 0.185 0.009 0.15 0.49 3619 1945 91 2328 7575
0.3 223.56 0.46 0.254 0.010 0.21 0.52 2252 1251 47 1477 3762
0.4 111.17 0.57 0.323 0.010 0.26 0.52 1403 792 25 940 1872
0.5 59.97 0.68 0.389 0.011 0.32 0.52 902 514 15 612 1011
0.6 33.98 0.79 0.452 0.012 0.37 0.53 590 339 9 404 582
0.8 11.16 1.01 0.584 0.013 0.48 0.56 247 144 3 172 202

Notes:

  1. The parameters used for the resource estimate determined that the cut-off grade for the Hat deposit was 0.14% CuEq for the MRE. However, to further fulfill the criteria for an MRE to meet the definition of potentially economic extraction, Doubleview has used an open pit highlighted cut-off grade of 0.20% CuEq to report the initial basecase mineral resources.
  2. The reported quantities and grade estimates at different cut-off grades are presented for the sole purpose of demonstrating the sensitivity of the mineral resource model to varying CuEq cut-off grades. Micon’s QP has reviewed the varying CuEq cut-off grades used in the sensitivity analysis, and it is the opinion of the QP that they meet the test for reasonable prospects of eventual economic extraction given the potential variability of the parameters used to determine the cut-off grades.

Scandium Potential for Hat Project

Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3. The scandium potential is confined solely to the resource blocks that meet a cut-off grade of 0.2% CuEq within the open pit shell that defines the extent of the MRE. Any mineralized blocks outside the pitshell were not considered to be part of the scandium potential.

** Scandium Potential:

  1. The scandium potential is confined to the resource blocks that meet a cut-off grade of 0.2% CuEq within the open pit shell that defines the extent of the MRE.
  2. Preliminary Metallurgical test work focused on producing a high-gold, low-cobalt copper concentrate and a low-gold, high-cobalt pyrite concentrate. Scandium is primarily associated with pyroxene and amphibole gangue minerals and reports to flotation tails. Tests have demonstrated that scandium can be extracted from tailings using sulphuric acid at elevated temperature as a lixiviant. Test work has also shown that scandium can be separated into an intermediate scandium – aluminium product that can be processed further for the recovery of a scandium oxide product. Separation of scandium and aluminum is the focus of the next phase of test work. The concept being developed is that the pyrite concentrate can be developed as a source of acid for both cobalt and scandium recovery.

Figure 1: Open Pit Plan and Block Model

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/217826_e7cddd8e94bc3a1d_001full.jpg

Figure 2: Open Pit Section and Block Model

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/217826_e7cddd8e94bc3a1d_002full.jpg

The Hat Deposit

The Hat Claims property consists of ten mineral tenures covering 5,200 hectares located north of the Golden Bear mine road in northwest BC. For additional information please visit www.doubleview.ca.

The MRE was prepared by Micon in accordance with CIM Definition Standards on Mineral Resources and Reserves. A Technical Report in support of the MRE will be filed on SEDAR+ (www.sedarplus.ca) within 45 days.

William J. Lewis P.Geo., and Chitrali Sarkar M.Sc., P.Geo., of Micon are the QPs for the MRE and have reviewed and approved the technical disclosure relating to the MRE contained in this news release. Both Mr. Lewis and Ms. Sarkar are independent of Doubleview.

EUR ING Andrew Carter B.Sc. CEng. MIMMM QMR, MSAIMM SME of Tetra Tech, Geo-Environment & Mining Services is Doubleview’s Qualified Person with respect to the HAT Project Metallurgical Studies as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved the technical contents of this news release. He is independent of Doubleview.

About Doubleview Gold Corp

Doubleview Gold Corp, a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper, cobalt, scandium and silver, collectively critical minerals, properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

Institutional Line: (604) 607-5470

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the Mineral Resource Estimate and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

The issuer is solely responsible for the content of this announcement.

About Doubleview Gold Corp.

2024 FIABCI-Taiwan Real Estate Excellence Awards Ceremony Focus on Promoting ESG Principles and Sustainable Developments in Taiwan


TAIPEI, TAIWAN – Media OutReach Newswire – 26 July 2024 – The 2024 FIABCI-Taiwan Real Estate Excellence Awards, held on the evening of July 23rd, featured distinguished guests including Vice President Bi-Khim Hsiao, MOTC Minister Men-Yen Li, Deputy Director Yen-Hsing Hsu of the newly restructured National Land Management Agency, and Director Rong-Jing Wang of the Architecture and Building Research Institute. This annual event was also attended by prominent figures from the industry, public sector, and academia. Real estate professionals gathered to celebrate and commend the award-winning projects, sharing this moment of honor together.

Convenor Yu-Shan Liu, Vice President Bi-Khim Hsiao(in the middle), FIABCI-Taiwan President Lily Chang, and judging Committee Convenor Nan-Yuen Huang lead the recipients of Special Contribution for Urban Development Award to contribute significantly to Taiwan’s overall environmental aesthetic and construction standards.
Convenor Yu-Shan Liu, Vice President Bi-Khim Hsiao(in the middle), FIABCI-Taiwan President Lily Chang, and judging Committee Convenor Nan-Yuen Huang lead the recipients of Special Contribution for Urban Development Award to contribute significantly to Taiwan’s overall environmental aesthetic and construction standards.

In her opening remarks, FIABCI-Taiwan President Lily Chang proclaimed on behalf of the hosting organization that the FIABCI-Taiwan Real Estate Excellence Awards has received an increasing number of entries year after year since its establishment in 2006, reflecting growing awareness both within the public and private sectors. She expressed her heartfelt gratitude to all the winners for taking part in this event and believing this to be a perfect platform for them to share their remarkable achievements.

President Chang further noted that all winning projects have devoted tremendously to architectural aesthetics, construction quality, property management, preservation of culture and environment, social housing, urban regeneration, net-zero carbon emissions, and various other ESG initiatives. The winning projects are widely recognized and praised as good practices of contemporary construction. This year, Taiwan also brought home two Silver awards from FIABCI World Prix d’Excellence Awards held in Singapore. She concluded her remarks by calling on this year’s winners of the FIABCI-Taiwan Real Estate Excellence Awards to participate in the upcoming 2025 FIABCI World Prix d’Excellence Awards, where their outstanding performance and achievement can be further recognized on the international level.

FIABCI incumbent World President Ramón Riera sent his warm regards to this year’s winners in a specially recorded video message. He noted that Taiwan’s award-winning projects have been widely perceived as examples of excellence, and the FIABCI-Taiwan Real Estate Excellence Awards provide a perfect platform to recognize and celebrate such outstanding achievements. He also congratulated President Lily Chang for winning her vice presidential campaign at the FIABCI World Congress in Singapore this May. President Lily Chang will serve as FIABCI World Vice President from 2024 to 2025, World President Elect from 2025 to 2026 and finally as FIABCI World President from 2026 to 2027.

Convenor Nan-Yuen Huang of the FIABCI- Taiwan Real Estate Excellence Awards Judging Committee reemphasized his ideal where the public and private sectors collaborate on “constructing urban and rural spaces with architectural and environmental aesthetics, creating a quality landscape that offers the public an environment where they can enjoy the aesthetics of life.” He expressed his appreciation to this year’s participants and acknowledged their pursuit to excellence. The Convenor finished his remarks by reaffirming that the quality of Taiwan’s construction projects is now of world-class.

This year’s Special Contribution for Urban Development Award recipients include Deputy Mayor Shu-Chuan Lee from the Taipei City Government, Deputy Mayor Lo Ta-Sheng from the Kaohsiung City Government, and Architect Che Fu Chang, Principal of Che Fu Chang Architects. Their dedication to local infrastructure and social welfare has contributed significantly to Taiwan’s overall environmental aesthetic.

The pinnacle of achievement in the FIABCI- Taiwan Real Estate Excellence Awards this year is exemplified by winners of the Comprehensive Achievement Excellence Award, namely the Pingtung County Main Library and Grand Garden by Sweeten Real Estate Development. The Pingtung County Main Library transformed a dull and monotonous space into an art piece akin to a modern art museum, giving us a very successful example of how old buildings can be regenerated. Sweeten Real Estate Development, confident and well-prepared, has decided to take part in four categories this year. Winning one Gold Award and three Excellence Awards, exceptional quality has been demonstrated through its Grand Garden project. Maison de Riviére by Jiuh Horng Company Limited, on the other hand, was awarded with the Comprehensive Achievement Award. Judges praised this residential complex for seamlessly integrating with the neighboring open spaces and its effort on creating a multi-layered urban landscape.

Vice President Bi-Khim Hsiao emphasized that sustainable architecture is a future for real estate development and requires global actions. She reiterated how sustainable architecture and other ESG concepts can further complement Taiwan’s existing architectural culture and urban competitiveness. She looks forward to leveraging the FIABCI- Taiwan Real Estate Excellence Awards to foster architectural aesthetics, create higher living quality, sustainable development and essentially a more livable nation.

In President Chang’s heartfelt closing remarks, she stated that each and every excellent construction project is not only a safe haven for people’s lives but also a crucial part in shaping an outstanding urban landscape. Real estate professionals are, after all, entrusted by the public to create an excellent architecture that would complement our very living environment. Through the platform of FIABCI- Taiwan Real Estate Excellence Awards, President Lily Chang hopes that the public and private sectors will continue to engage in this healthy competition to elevate Taiwan’s construction standards and improve the overall quality of life and wellbeing.

Hashtag: #FIABCI-Taiwan

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AGW-MS Capital: Launching Fixed Income ETF Products to Lead the Investment Trend


DENVER, USA – Media OutReach Newswire – 26 July 2024 – AGW-MS Capital is customer-centric, focusing on providing comprehensive and professional investment and operational services to global governments, corporations, institutional investors, and individual investors. The company is dedicated to achieving long-term, stable wealth growth for its clients. The uniquely designed fixed income ETF product from AGW-MS Capital is highly favored by investors due to its low investment threshold, diversified investment options, and excellent stable returns. Investors can personalize their asset allocation based on their individual risk preferences and investment goals, enjoying steady returns that outperform the market.

In its global strategic layout, AGW-MS Capital places particular emphasis on the cryptocurrency investment sector. The company actively utilizes USDT for fund payments and settlements, demonstrating its forward-looking investment vision. Additionally, AGW-MS Capital employs unique hedging strategies through the complementary use of Class A and Class B fund shares, ensuring the stability of investment returns.

In terms of partnerships and resource integration, AGW-MS Capital has established strong collaborations with leading global financial institutions such as JPMorgan Chase. By sharing funding and risk management resources, the company further enhances its service quality and market competitiveness.

To give back to its extensive investor base, AGW-MS Capital actively organizes various investment activities and reward programs. These include the “Exclusive Million-Level Wealth Experience” program tailored for new clients, as well as a variety of points redemption and raffle activities. These initiatives allow investors to enjoy the excitement of investing while also receiving tangible rewards.

Regarding client rights protection, AGW-MS Capital always prioritizes the security of client funds and investment protection. The company collaborates with insurance providers to offer coverage of up to $85,000 for clients. Additionally, AGW-MS Capital employs stringent risk management practices and advanced encryption technologies to ensure the security of client information and funds.

AGW-MS Capital Limited adheres to the principles of innovation, excellence, and professional service. The company continually strives for excellence, aiming to provide efficient, secure, and forward-thinking investment solutions to global investors. The long-term goal of AGW-MS Capital is to achieve sustained wealth growth for its investors through professional investment management and to establish a new leadership position in the global capital markets.

Hashtag: #AGWMS

The issuer is solely responsible for the content of this announcement.

Exploiting the Unique Advantages of the Greater Bay Area’s “One Country, Two Systems, Three Legal Jurisdictions” to Propel Talent Integration Launch of the Greater Bay Area (GBA) Online Collaborative Platform


HONG KONG SAR – Media OutReach Newswire – 26 July 2024 – The launch ceremony of the Greater Bay Area (GBA) Online Collaborative Platform was held on July 11, 2024. To mark the important progress made in joining hands with the eleven ADR institutions/ arbitration commissions in the GBA region to collaboratively develop and integrate legal services to serve the community at GBA. Ceremony opening remark by Dr. Thomas SO JP, Chairman of eBRAM International Online Dispute Resolution Centre Limited (eBRAM); Welcome address by The Hon Horace CHEUNG Kwok-kwan, SBS JP, Deputy Secretary for Justice, the HKSAR and joint with Ms. ZHANG Yumei, Deputy Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Department of Law and various ADR institutions/ arbitration commissions marking the official launch of the GBA Online Collaborative Platform, established the resolve disputes mechanism. The Shenzhen Court of International Arbitration and Hengqin International Commercial Mediation Centre held a MoU Signing Ceremony on the spot.

Launch of the Greater Bay Area (GBA) Online Collaborative Platform
Launch of the Greater Bay Area (GBA) Online Collaborative Platform

Hundreds of legal and mediation professionals attended the event in support, including Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area Mr. Benjamin MOK Kwan-yu, President of The Law Society of Hong Kong, Mr. Roden TONG and representatives from various industrial and commercial, legal and arbitration associations attended the ceremony; Platform participated ADR institutions/ arbitration commissions (in no particular order): Centro de Arbitragem da Associação dos Advogados de Macau, World Trade Center Macau Arbitration Center, Guangzhou Arbitration Commission, Shenzhen Court of International Arbitration, Dongguan Arbitration Commission, Zhaoqing Arbitration Commission, Zhuhai Court of International Arbitration, Hengqin International Commercial Mediation Centre, Huizhou Arbitration Commission, Foshan Arbitration Commission and eBRAM International Online Dispute Resolution Centre.

Dr. Thomas SO JP, Chairman of eBRAM highlighted the importance of aligning mechanisms, rules, and talents in the GBA, as emphasised by various national and regional strategies. He stressed the need to adopt a digitalised model that aligns with the new economic system. This common goal has driven the participation of all organisations involved in the GBA Online Collaborative Platform. The MoU signed between various arbitration committees and mediation centres include sharing institutional resources, jointly recommending registered arbitrators, mediators, and neutral parties, and regularly seconding personnel. These efforts are aimed at providing complementary support for the training of international legal professionals in the GBA. Looking forward, it is necessary to not only nurture legal talents but also train technology developers and legal professionals well-versed in using legal technology and familiar with Chinese law, Hong Kong common law, and international law. By leveraging the GBA’s high-tech industries combined with Hong Kong’s international connectivity, alternative high-end job opportunities can be created for young people in the GBA, fostering a stronger legal technology ecosystem. Dr. So hopes to increase current talent mobility opportunities, remove any existing barriers, and assist in training young talents across the GBA, ensuring the succession of new generations.

The Hon Horace CHEUNG Kwok-kwan, SBS JP, Deputy Secretary for Justice, the HKSAR delivered an address and officiated the platform’s launch. He stated that the establishment of this platform is not only an important initiative outlined in the Department of Justice’s “Action Plan for Rule of Law in the Greater Bay Area” published in April 2024 but also a policy measure in the Chief Executive’s 2023 Policy Address. It marks the first regular platform for interface established between the Department of Justice and central national authorities. The platform aims to enhance communication and cooperation through practical work led by senior officials, thereby improving the efficiency of resource and demand integration and systematically advancing research, talent training, and professional exchanges between both regions. By promoting the implementation of more concrete measures, the platform will benefit civic and commercial interactions and contribute to the high-quality development of the GBA. He hopes that these measures will further exploit the unique advantages of the GBA’s “One Country, Two Systems, Three Legal Jurisdictions,” assisting in the creation of a “Rule of Law Bay Area.”

Various ADR institutions/ arbitration commissions in the GBA were invited to introduce how they handle disputes arising within the region and the services they offer during the launch ceremony. This allowed attending government officials and industry professionals to gain a deeper understanding of the collaborative platform. The conference explored the development prospects of the GBA Online Collaborative Platform from multiple perspectives. All parties unanimously agreed that the establishment of the platform not only enhances the level of rule of law construction in the GBA and promotes the deep integration of the legal systems of Guangdong, Hong Kong, and Macao, but also contributes significantly to creating a world-class business environment in the GBA. As arbitration institutions in the GBA, they collectively foresee creating a new chapter in dispute resolution services, aiming for sustainable development. The launch of the GBA Online Collaborative Platform marks a new milestone in the rule of law construction and legal technology development in the GBA. It will undoubtedly further promote civic and commercial interactions among Guangdong, Hong Kong, and Macao, injecting new momentum into the high-quality development of the GBA.
Hashtag: #eBRAM #BaronPublicRelationsLimited

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Xesap Area Named National Park to Boost Conservation

Xe Sap National Park Area (Photo: WWF-Laos)

A new decree has upgraded the Xesap protected area in Salavanh and Sekong provinces to national park status. This change aims to protect the rich biodiversity of the Annamite mountain range and contribute to global conservation goals.

KBTG Welcomes a Blast From the Future at the Second Annual KBTG Techtopia


BANGKOK, THAILAND – Media OutReach Newswire – 26 July 2024 – KASIKORN Business-Technology Group (KBTG) recently organized KBTG Techtopia for the second consecutive year. A thought-provoking and skill-awakening tech conference, KBTG Techtopia brought together over 70 speakers from around the world and more than 2,500 attendees, establishing itself as Thailand’s leading platform for tech enthusiasts.

KBTG Techtopia
KBTG Techtopia

Mr. Ruangroj Poonpol, Group Chairman of KBTG, stated, “following our success from last year, we opted for KBTG Techtopia at a much larger scale, moving the venue from our headquarters to Samyan Mitrtown, a mixed-use property in the city of Bangkok. On 18 July 2024, we transformed the entire fifth floor into a space where attendees could immerse themselves in emerging technologies and meaningful conversations. Although our primary focus is still AI, we chose to dive deeper beneath the trends, addressing more pressing matters as discussed on the global stage like risk management, national strategy, and AI ethics. Most importantly, we would like to demonstrate that, against major beliefs, AI will not reduce or replace human’s role. On the contrary, human’s significance will only increase moving forward, serving as the conductor to the orchestra. Always bring AI on the table but keep humans in the room.”

Ruangroj Poonpol & Andrew Ng
Ruangroj Poonpol & Andrew Ng

With this year’s theme being “A Blast From the Future”, not only were the topics curated to showcase new possibilities that near-future technologies can unlock, both to positive and negative effects, KBTG also invited Thai policy makers and representatives from global institutions to share their action plans and paint the visions of tomorrow together. One of the key speakers is Dr. Andrew Ng, the Managing General Partner of AI Fund, founder of DeepLearning.AI, co-founder of Coursera, and named by Time magazine as one of the most influential people in AI.

In his keynote, Ng explained how AI is rapidly evolving into general-purpose technology, likening it to electricity. With new opportunities came risks, though he argued that the risks of AI lie in the application, not the technology itself. He further pointed out the areas in which AI could be applied in Thailand, namely tourism, healthcare, and agriculture. Ng’s appearance on the stage of KBTG Techtopia came after the strategic partnership announcement between AI Fund and KXVC, KBTG’s venture capital arm, with the aim to build new AI startups and strengthen connections between their robust ecosystems. During his visit, KBTG and Ng have formed two additional partnerships to drive AI education in Thailand:

  1. KBTG, DeepLearning.AI and Artificial Intelligence Association of Thailand (AIAT) to create KBTG.AI Kampus program for developing Thai AI talents
  2. KBTG, AI Fund, and Equitable Education Fund (EEF) to explore AI technology solutions to help improve Thailand’s youth education system.

What differentiated this year’s conference is the variety of topics. Not limiting the subjects to AI, KBTG Techtopia touched on other emerging techs, from machine learning, blockchain, Web3, quantum computing, cyber security, ESG and many more, through the eyes of industry experts like Microsoft, AWS, Google Cloud, IBM, and Cisco. Additionally, we worked with The Secret Sauce, one of Thailand’s most popular podcast shows, to produce a half-day session featuring remarkable innovations and business cases by Thais, illuminating the actual potential Thailand holds. In total, the conference offered three conference stages, six workshops, as well as the innovation product exhibition zone with selections of state-of-the-art technology and cutting-edge solutions by KBTG and partners, including KASIKORN VISION INFORMATION TECHNOLOGY or K-Tech, KBTG’s China-based office who flew from Shenzhen to take part in this event.

Aligning with KBTG’s mission to promote AI literacy and support AI growth, all proceeds from ticket sales after deduction of expenses are allocated to the Artificial Intelligence Association of Thailand (AIAT) to support the development of OpenThaiGPT – a project aimed at enhancing the efficiency of the Thai large language model (Thai LLM) and improving its usability. Having sold out the on-ground tickets within the early bird period, KBTG has raised a total of 681,000 baht. This amount will be further contributed by the sales of rerun tickets.

Mr. Ruangroj said in closing, “through KBTG Techtopia, we hope to show the world that KBTG is a tech powerhouse of Southeast Asia and that Thailand is the destination for frontier technologies. Having brought prominent figures such as Ng to inspire thousands of people in Thailand, KBTG Techtopia has proven itself as the place to be for all tech enthusiasts. Next year is going to be even more amazing and we could not wait to take everyone on an exploration once more.”
Hashtag: #KBTG #KBTGTechtopia #AI #MachineLearning #Blockchain #Web3 #QuantumComputing #TechConference



The issuer is solely responsible for the content of this announcement.

KASIKORN Business-Technology Group

KBTG is a tech arm of KASIKORNBANK. We never cease to innovate financial applications and beyond, with the aim to become the best tech organization of Southeast Asia.