Argyle Resources Corp Secures New Facility to Enhance Silica Exploration Operations
Argyle Resources Corp Secures New Facility
to Enhance Silica Exploration Operations
Calgary, Alberta--(Newsfile Corp. - August 30, 2024) - Argyle Resources Corp. (CSE: ARGL) (OTC
Pink: ARLYF) (FSE: ME0) ("
Argyle
" or the "
Company
") is pleased to announce the rental of a
strategically located pilot processing facility in St-Lambert-de-Lauzon which is in close proximity to its
silica exploration properties in Quebec and also in close proximity to the Institut National de la
Recherche Scientifique ("
INRS
") campus near Quebec City.
The Company has started assembly of a
pilot processing facility and laboratory. This rented facility in St-Lambert-de-Lauzon will serve as a
crucial hub for the company's silica outcrop samples processing operations and potentially contribute to
Quebec's strategic battery material supply chain.
The facility will house a fully mobile series of trailer-mounted crushing, grinding, and sorting equipment.
This advanced setup allows for easy assembly, disassembly, and transportation, making it an ideal
solution for Argyle's exploration and processing needs. The goal for this equipment is to process grab
samples and an eventual bulk sample from quartzite silica outcrops that have been previously identified
within Argyle's three 100% owned quartzite silica exploration properties in Quebec.
As part of the 2024 field season, which is being conducted in collaboration with the INRS, the goal is to
extract 200 kg bulk samples of quartzite silica outcrops from each of the three properties. These
samples will then undergo processing of crushing, grinding and pulverizing quartzite samples to produce
high-grade metallurgical silica. The resulting product will be analyzed to determine its suitability for
various industrial and high technology applications such as solar panel manufacturing, semiconductor
chip manufacturing for artificial intelligence applications and EV battery manufacturing, which will be
completed at the INRS Campus laboratories near Quebec City.
"We are excited to announce this new pilot processing facility, which represents a significant step
forward in our exploration and processing capabilities," said Jeff Stevens, CEO of Argyle Resources
Corp. "Having a dedicated space for crushing equipment will streamline our operations and enhance our
ability to efficiently process and analyze our silica samples."
Figure 1: St-Lambert-de-Lauzon pilot plant facility
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Figure 2: Mobile crusher equipment for use in pilot plant facility
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This new infrastructure will allow Argyle to optimize
processing and increase the efficiency of its silica
operations by having the ability to extract grab samples which are then easily, and cost efficiently
transported by INRS technicians to the proximal pilot plant facility for processing.
The strategically located facility will serve as a hub for testing, innovation and potential for supporting the
development of high-quality silica products crucial for next-generation battery technologies and for other
high technology silica applications such as photovoltaic solar panel manufacturing and semi-conductor
chip manufacturing for artificial intelligence uses.
The mobile pilot plant will further the Company's capabilities by enabling real-time testing and
optimization of its silica solutions directly at the point of need. This flexibility will not only enhance
processing efficiency but also has potential to provide tailored solutions to meet the evolving demands of
the battery material sector within Quebec.
Set for completion in 2026, a $7 billion battery manufacturing facility is being constructed on Montreal's
South Shore in Saint-Basile-le-Grand, Quebec by Northvolt AB, a Swedish battery developer and
manufacturer, specialising in lithium-ion technology for electric vehicles.
Quebec's provincial government
pledged $2.9 billion in financing to secure the deal with Northvolt. The Canadian federal government has
committed up to $1.34 billion to build the plant and another $3 billion worth of other incentives. Once
completed, it is expected to have an output of 56,000 tonnes of batteries per year.
"Quebec's strategic focus on expanding its electric vehicle battery supply chain aligns well with Argyle's
growth strategy," commented Jeff Stevens, CEO of Argyle.
"By integrating our enhanced silica
operations into this dynamic ecosystem, we are committed to supporting the region's role as player in
the global battery market while advancing our own sustainable material solutions."
The rental of this facility is a key component of Argyle Resources Corp's strategy to enhance its
exploration activities and expand its operations in Quebec.
Marc Richer-Lafleche P.GEO., as a consultant to the Company and a Qualified Person, as such term is
defined by National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
, has reviewed and
approved the scientific and technical information reported in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
'Jeffrey Stevens'
President & CEO
About Argyle Resources Corp.
Argyle Resources Corp. is a junior mineral exploration company engaged in the business of acquiring,
exploring, staking and evaluating natural resource properties in North America. The Company currently
holds an option to acquire up to 100% of the Frenchvale Graphite Property located in Nova Scotia,
Canada and owns 100% interest in the Pilgrim Islands, Matapedia and Lac Comporte quartzite silica
projects in Quebec, Canada. Argyle is engaged in a research partnership with the INRS, a high-level
research and training institute funded by the Quebec government to conduct exploration programs on the
Company's silica projects. The Company was incorporated in 2023 and its head office is located in
Calgary, Alberta, Canada.
For all other inquiries:
www.argyleresourcescorp.com
Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical
facts. Forward-Looking statements are often identified by terms such as "will", "may", "should",
"anticipate", "expects" and similar expressions. All statements other than statements of historical fact,
included in this news release are forward-looking statements that involve risks and uncertainties. Such
statements in this news release include, but are not limited to, the statements with respect to future
processing at the pilot facility and laboratory, goals for extraction of bulk samples for processing, the
suitability of sample product for industrial and technology applications, increased efficiency of
processing, potential for development of high-quality silica products for next generation battery
technologies and other high technology applications, real-time testing and optimization of silica
solutions, potential for tailored solutions in the battery material market, the completion of
a $7 billion
battery manufacturing facility and its expected output and the Quebec
and federal governments'
financing of same,
the Company's planned exploration program; the execution of such exploration
program in collaboration with INRS; and the initiation of work programs generally. 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 vary from forward-looking statements or may affect the operations, performance,
development and results of the Company's business include, among other things that mineral
exploration is inherently uncertain and may be unsuccessful in achieving the desired results; that
mineral exploration plans may change and be re-defined based on a number of factors, many of
which are outside of the Company's control. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual results may differ
materially from those anticipated. Forward-Looking statements contained in this news release are
expressly qualified by this cautionary statement. The forward-looking statements contained in this
news release are made as of the date of this news release and the Company will only update or revise
publicly any of the included forward-looking statements as expressly required by applicable law.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility
for the adequacy or the accuracy of the contents of this release.
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