Rogue Initiates Exploration & Development Agreement, becomes Canadian Quartz Supply Agent for two Silicon Metal Companies
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September 6, 2017 TSX-V: RRS
Rogue Initiates Exploration & Development Agreement, becomes
Canadian Quartz Supply Agent for two Silicon Metal Companies
Rogue has negotiated an Agreement with PCC SE (“PCC”) and Thorsil ehf (“Thorsil”) for the identification and
development of new quartz deposits
Under the Agreement, Rogue will identify and present new quartz development targets to PCC and Thorsil
PCC and Thorsil will direct all Canadian quartz mining asset opportunities to Rogue for further analysis and
advancement
Rogue plans to supply both companies (in addition to other buyers) from the Silicon Ridge Project, plus other
quartz deposits, as the demand volume increases and specific metallurgies are required
Corporate Update Conference Call scheduled for Thursday September 7th, 2017 at noon Eastern
TORONTO, ON – Rogue Resources Inc. (TSX-V: RRS) (“Rogue” or the “Company”) is pleased to announce the
development of a 3-way Agreement with PCC and Thorsil to identify and advance promising new quartz projects in
Canada. PCC is currently constructing a plant in Iceland to produce metallurgical grade silicon (“MgSi”), with an initial
capacity of 32,000 tonnes, commissioning in early 2018. Thorsil is developing their own MgSi plant in Iceland, with a
capacity of 54,000 tonnes, scheduled to be in production in 2019. Both companies have long-term plans to expand and
move into more specialized MgSi production, requiring very specific quartz metallurgy.
Each tonne of MgSi requires between 2.8 and 3 tonnes of high quality quartz. Rogue’s Silicon Ridge Project in Quebec,
for which a Development Decision and Production is planned for 2018, has an initial planned production capacity of
182,500 tonnes of high quality quartz*. In addition to Silicon Ridge, Rogue continues to analyze other quartz deposits
with varying volume potential, cost structure and metallurgical characteristics.
As part of the Agreement, Rogue will become the exclusive Canadian quartz supply agent for both PCC and Thorsil
except on a limited number of projects identified by PCC and Thorsil prior to the formation of this Agreement. In
addition, the MgSi producers will each direct Canadian quartz opportunities to Rogue, for collaborative development.
“We look forward to continuing our work with Rogue, we appreciate the methodical approach they have taken to
advancing their Silicon Ridge Project and want to work with them to apply this approach to additional assets,” said Dr.
Peter Wenzel, Executive Vice President of PCC. “As we grow, and our requirement becomes larger, we are always
interested in identifying and developing the best supply options.”
“As we advance our own project in Iceland, it is imperative that we ensure safe and reliable supply of all our raw
materials,” said Hákon Björnsson, Managing Director of Thorsil, “The silicon metal business requires creative thinking to
develop advantages with sourcing raw materials and we believe working with Rogue will help us achieve that.”
“This partnership brings multiple benefits to our Company,” said Sean Samson. “We want to be close with our customers
and this type of partnership gets us working on their behalf with the challenge of sourcing great raw materials that meet
their volume and metallurgical requirements. This also differentiates us in the market and hopefully opportunities will
continue to present themselves as a result.”
44 Victoria Street, Suite 1612
Toronto, ON M5C 1Y2 CANADA
Toll Free: 1-888-764-1981,
Direct: +1-647-243-6581
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* -- Any production decision will be based on the recently completed PEA Study, press released on May 23, 2017. The
PEA is preliminary in nature and includes inferred mineral resources that are too speculative geologically to have
economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no
certainty that PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated
economic viability.
Corporate Update Conference Call
Rogue is pleased to host a conference call with management tomorrow at noon Eastern (9am Pacific, 6pm in Western
Europe). Rogue CEO Sean Samson and VP, Technical Paul Davis will give a corporate update followed by a brief question
and answer period. Interested investors should forward questions in advance to [email protected]. Dial-in
numbers to access the conference call as well as a corporate presentation are available on our webpage,
www.rogueresources.ca. A playback of the call will be available online.
About Rogue Resources Inc.
Rogue is a mining company focused on identifying positive cash flow opportunities. Not tied to any metal, it looks at
rock value and good grade deposits that can withstand all stages of the metal price cycle. The Company remains focused
on advancing its Silicon Ridge Project, exploring its other assets, including Radio Hill, and identifying additional assets to
meet its criteria. For more information visit www.rogueresources.ca
About PCC
PCC is a German investment company, currently developing a silicon metal plant in Húsavík, Iceland to produce up to
32,000 tonnes per year of metallurgical grade silicon, with start-up planned for early 2018.
About Thorsil
Thorsil is an Icelandic company and plans to build and operate a silicon metal plant at Helguvik, in Reykjanes
municipality (Reykjanesbaer) on the Reykjanes peninsula, to produce up to 54,000 tonnes per year of metallurgical
grade silicon with start-up planned for second quarter 2019.
On Behalf of Rogue Resources Inc.
Sean Samson
President & CEO, Director
For additional information regarding this news release please contact:
Sean Samson
Neither the 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 news release.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release may constitute forward-looking
statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that
are based on the Company's current beliefs as well as assumptions made by and information current ly available to the Company, and
that actual results are consistent with management's expectations. These statements include, among others, statements with
respect to development activities and their timing, resource estimates and potential mineralization, the PEA, including estimates of
capital costs, anticipated internal rates of return, mine production, processing recoveries, mine life, estimated payback per iods and
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net present values, timing with respect to permitting of the Project, the budget and timi ng with respect to planned drilling on the
Company’s Radio Hill property and the identification and potential acquisition of other assets. Although the Company conside rs
these assumptions to be reasonable based on information currently available to it, th ey may prove to be incorrect, and the forward-
looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future resul ts to
differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those
matters identified in its continuous disclosure filings, including its most recently filed MD&A, changes in regulatory enviro nments,
environmental compliance, operating and capital cost escalation, abil ity to raise project financing and silica pricing. Additional
factors include delays in obtaining or inability to obtain required regulatory approvals, permits or financing, risk of unexp ected
variation in mineral resources, grade or recovery rates, processing plant failure, equipment or processes to operate as anticipated, of
accidents, labour disputes, the risk that estimated costs will be higher than anticipated, the risk that the proposed mine pl an and
recoveries will not be achieved, equipment breakdowns, bad weather timing and success of exploration and development activities,
mineral resources are not as estimated, title matters, third party consents, operating hazards, product prices, political and economic
factors, competitive factors and general economic conditions. Should any of such assumptions prove to be incorrect or such risks
become actual events, than the value of the Company’s securities may decline. Readers are cautioned not to place undue relia nce on
forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise
any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.