Latest news with #JOGMEC
The Star
8 hours ago
- Business
- The Star
PETRONAS LNG, Japan's Jogmec partner to expand collaboration in LNG sector
KUALA LUMPUR: Petronas LNG Sdn Bhd (PLSB), a subsidiary of Petroliam Nasional Bhd (Petronas), has entered into a strategic liquefied natural gas (LNG) arrangement with the Japan Organisation for Metals and Energy Security (JOGMEC). In a statement today, Petronas said the PLSB has signed a memorandum of cooperation (MOC) with JOGMEC to expand the collaboration framework in the LNG sector. "The cooperation is set to pave the way for further discussions on strengthening LNG supply to Japan, including measures to ensure supply stability and manage potential disruptions,' it said. It said the agreement was signed during the Energy Asia 2025 conference held at the Kuala Lumpur Convention Centre last week to strengthen LNG supply to Japan, including measures to ensure supply stability and manage potential disruptions. Petronas LNG's vice-president of marketing and trading, Shamsairi Mohd Ibrahim, said this partnership is a testament to its role as the key reliable LNG supplier to Japan since 1983. "This partnership is especially timely, aligning with the momentum of Energy Asia, where regional collaboration and strengthening the region's energy security were at the forefront of the dialogues,' he said. The MOC was signed by Shamsairi and JOGMEC executive vice-president of energy business, Hiroyuki Mori. - Bernama
New Straits Times
10 hours ago
- Business
- New Straits Times
Petronas LNG, JOGMEC partner to boost Japan's energy security, LNG supply
KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) subsidiary Petronas LNG Sdn Bhd (PLSB) has partnered with Japan Organisation for Metals and Energy Security (JOGMEC) to explore strategic bilateral arrangements in the liquefied natural gas (LNG) sector. In a statement today, Petronas said the collaboration aims to broaden their cooperation framework, focusing on long-term LNG supply initiatives. The partnership will also facilitate discussions on enhancing Japan's energy security, including strategies to ensure stable supply and mitigate potential disruptions. The memorandum of cooperation (MoC) was signed by Petronas vice president of LNG Marketing & Trading Shamsairi Mohd Ibrahim and JOGMEC executive vice president of energy business Hiroyuki Mori during the Energy Asia 2025 conference held recently in Kuala Lumpur. Shamsairi said the MoC underscores Petronas' role as a trusted and consistent LNG supplier to the country since 1983 and the group takes pride in its long-standing partnership with Japan. "This partnership is especially timely, aligning with the momentum of Energy Asia, where regional collaboration and strengthening the region's energy security were at the forefront of the dialogues," he added.
Cision Canada
27-05-2025
- Business
- Cision Canada
FPX Nickel and JOGMEC Initiate Exploration at the Expanded Klow Property in British Columbia
VANCOUVER, BC, May 27, 2025 /CNW/ - FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX" or the " Company") is pleased to announce planned exploration activities at the Company's Klow property (" Klow" or the " Property"), located 45 km north of the Company's Baptiste Nickel Project. Exploration will be 100% funded by the Japan Organization for Metals and Energy Security (" JOGMEC") under the terms of an earn-in agreement which provides JOGMEC the option to earn up to a 60% interest in the Property. The Company has recently expanded the mineral claims at Klow by 600%, bringing the Property to 164 km 2 and is currently preparing a wide-ranging surface rock sampling program over the summer of 2025 with the goal of advancing Klow to drill-ready status. Highlights Previous rock sampling and drilling has identified multiple large-scale awaruite nickel targets within the overall district-scale Klow Property (164 km 2 land package) Historic drill results at the Klow North Target include a near-surface intercept of 316 m at a grade of 0.097% nickel-in-alloy (a chemical dissolution used to estimate nickel contained in awaruite mineralization, see Note 1 below) Planned Property-wide rock sampling program aims to expand known mineralized zones and identify new awaruite mineralization with the goal of delineating drill targets Exploration at Klow will be 100% funded by JOGMEC "Located north of our flagship Baptiste Nickel Project, and underlain by the same Trembleur ultramafic rocks that host Baptiste, Klow is one of the most highly prospective areas for awaruite mineralization in Canada," commented Keith Patterson, FPX's Vice President, Exploration. "Past results include surface samples and drill hole intercepts comparable to those from Baptiste, and large areas of the Property remain untested to date. We look forward to deepening our collaboration with JOGMEC in pursuit of advancing Klow to the drill-ready stage." Historic Work The Klow Property is located 120 km northwest of Fort St. James and 45 km north of FPX's flagship Baptiste Nickel Project. An all-season public road runs along the eastern margin of Klow, with a rail alignment located approximately 12 km west of the property. Previous work at Klow includes mapping and rock sampling from 2009 to 2012, and a limited diamond drill program at the Klow North Target in 2012. Wide-spaced rock sampling has delineated several additional targets which will be further investigated with planned sampling in 2025. The Klow North Target includes a broad zone of awaruite mineralization measuring approximately 1.0 by 1.5 km defined by surface rock samples containing elevated grades of up to 0.13% nickel-in-alloy (a targeted chemical dissolution used to estimate nickel contained in awaruite mineralization, more fully described in Note 1 below). A five-hole drill program was completed in 2012; DH-04 returned a significant result of 316 m at 0.097% nickel-in-alloy, from 10 m below surface. Recent test work on 68 archived samples from this drill hole shows an excellent correlation between Davis Tube Recoverable (" DTR") Ni grades and nickel-in-alloy grades with DTR producing values approximately 7-10% higher than historic nickel-in-alloy analysis. The Klow Target remains one of FPX's highest priority targets outside the Decar Nickel District. Elsewhere on the recently expanded Klow Property, historic rock sampling has delineated numerous target areas which remain largely open for expansion, with those samples having returned grades of up to 0.09% DTR nickel. Planned 2025 Exploration Program It is expected that crews will mobilize to the Property in early July to begin a comprehensive grid-based rock sampling program. In areas of known awaruite mineralization, sampling will target 100 x 200 metre spacing where possible. Further from known mineralization or in areas that were previously unsampled, sampling will target 200 x 1,000 metre spacing. FPX and JOGMEC have jointly approved a budget of $325,000 for work at Klow in 2025, which will be funded 100% by JOGMEC. Klow Property Earn-In Agreement On April 1, 2023, FPX and JOGMEC entered into an earn-in agreement (the " Klow Earn-In Agreement") which provides JOGMEC the option to earn a beneficial interest in FPX's Klow Project (" Klow") in central British Columbia. The key terms of the Klow Earn-in Agreement are as follows: FPX grants to JOGMEC the option to earn a 60% beneficial interest in Klow by funding $1,000,000 in exploration expenditures by no later than March 31, 2027 (extended from a prior deadline of March 31, 2026 by mutual agreement of the parties) Once JOGMEC has earned its 60% beneficial interest in Klow, the parties will thereafter fund exploration expenditures pro rata to their ownership interest If either party's beneficial interest in Klow is diluted below 10%, that party's beneficial interest will be converted into a 1.5% NSR royalty over Klow, with the other party retaining a right to buy-back 1.0% of the NSR royalty for $3,500,000 The Klow Property is located on the traditional territories of multiple First Nations, many of whom are engaged on FPX's nearby Baptiste Nickel Project. Note 1: Historic Sampling and Analytical Methods Many of the historic rock and drill-core results within the Company's Klow Property database were analyzed for "nickel-in-alloy" by a proprietary geochemical extraction which selectively targets nickel in awaruite (nickel-iron alloy) and does not recover significant nickel from sulphide or silicate minerals. Current industry best practices for analysis of magnetically recoverable nickel (awaruite) utilize Davis Tube Recoverable (DTR) analysis. DTR nickel values refer to the portion of the total contained nickel that is recovered from a magnetically separated fraction of the sample. While both methods measure nickel in awaruite, awaruite particle exposure and grain size influence each method slightly differently; therefore these results are not directly comparable. All analytical work on 2025 Klow samples will utilize Davis Tube Recoverable (DTR) analysis. Keith Patterson, FPX's Vice President, Exploration, FPX's Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release. About FPX Nickel Corp. FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron mineralization known as awaruite. For more information, please view the Company's website at or contact Martin Turenne, President and CEO, at (604) 681-8600 or [email protected]. On behalf of FPX Nickel Corp. "Martin Turenne" Martin Turenne, President, CEO and Director Forward-Looking Statements Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. SOURCE FPX Nickel Corp.
Yahoo
08-04-2025
- Business
- Yahoo
FPX Nickel extends exploration partnership with JOGMEC
Canada-based nickel mining company FPX Nickel has extended its Global Generative Exploration Alliance with the Japan Organization for Metals and Energy Security (JOGMEC), turning it into an open-ended joint venture (JV). After two years of collaboration, the partnership will continue to focus on identifying and acquiring high-quality awaruite nickel properties globally, particularly those geologically similar to FPX's flagship Baptiste Nickel Project in British Columbia. The Generative Alliance has established a budget of C$1.5bn for its third year, running from April 2025 to March 2026. FPX Nickel will now take a majority position in the alliance, contributing 60% of the expenditures and securing a corresponding ownership stake in new JV projects generated by the alliance. The alliance has gathered more than 2,000 samples through ongoing evaluations in ten global and four Canadian jurisdictions, leading to the acquisition of the alliance's first Designated Project, with details expected to be announced in the coming months. FPX vice-president exploration Keith Patterson said: 'Having made excellent progress during the first two years of our global exploration partnership with JOGMEC, we are excited to have identified and secured the first Designated Project for this joint venture. 'Ongoing activities continue to reinforce confidence in our targeting strategy, and we look forward to securing and announcing additional large-scale awaruite property acquisitions in the third year of the Generative Alliance.' The funding structure for the alliance has evolved since its inception in April 2023. JOGMEC initially funded 100% of the C$650,000 budget in the first year. The second-year budget expanded to C$1.5bn, with JOGMEC providing 60% after fulfilling its initial commitment, and FPX contributing the remaining 40%. Moving into the third year, FPX will increase its funding share to 60%, with JOGMEC covering the remaining 40%. Designated Projects that emerge from the alliance's efforts will be jointly owned, with FPX holding a 60% stake and JOGMEC 40%, from 1 April 2025 onwards. Each project will have a dedicated work programme and budget aimed at testing and developing the identified targets. A JOGMEC representative said: 'JOGMEC is very pleased to proceed with Year Three activities with a view to identifying significant new awaruite deposits, which could be a globally significant, low-carbon source of nickel for the electric vehicle battery supply chain toward the realisation of a carbon-neutral society.' In September 2023, FPX Nickel signed a memorandum of understanding with JOGMEC and the Prime Planet Energy & Solutions JV to bolster the battery metal supply chain with a reduced environmental footprint. "FPX Nickel extends exploration partnership with JOGMEC" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Associated Press
08-04-2025
- Business
- Associated Press
NCMI Applauds JOGMEC investment into Rare Earth Separation and Provides Update on Accelerated Value Engineering at Lofdal Dysprosium-Terbium Project
HALIFAX, NS / ACCESS Newswire / April 8, 2025 / Namibia Critical Metals Inc. ('Namibia Critical Metals' or the 'Company' or 'NCMI') (TSXV:NMI)(OTCQB:NMREF) is pleased to comment on the recent announcement by its JV partner, JOGMEC and Iwatani Corporation to invest in rare earth separation project Caremag. JOGMEC and Iwatani Corporation are investing up to 110 million euros into the heavy rare earth separation plant Caremag SAS owned by Carester of France. See JOGMEC Press Release dated March 17, 2025 below: 'JOGMEC continues to be at the forefront of investment in the rare earth sector with its strategic investments in Lynas, NCMI and now Caremag and underscores the need to establish diversified rare earth supply chains,' said Darrin Campbell, President of NCMI. The company also provides updates on progress of its intense value engineering for the Prefeasibility Study for the expanded Lofdal 2B-4 Project. All work streams have commenced earlier in the year and show encouraging results to achieve the planned OPEX savings. The key work streams are: Increase of feed grade to flotation: Based on positive XRT and XRF sorting tests, the Company decided to alter the original flowsheet by the introduction of sorting for the lower grade material. The resulting flowsheet is expected to increase the feed grade to flotation by 50%. As higher efficiency of flotation was demonstrated in previous test work on higher grade feed, the resulting flotation concentrate is expected to increase significantly, further reducing OPEX and CAPEX in the final hydrometallurgical circuit. Update of mine schedule and plan: Increase of run-of-mine from 2.1 Mt/a to 3.0 Mt/a with a high-grade and low-grade stream. While the high-grade material of about 1 Mt/a will directly undergo flotation, the low-grade material will be upgraded by XRT sorting and possibly XRF sorting. Additional geotechnical drilling: commenced on 3 April 2025. It is expected that the higher density of geotechnical data will allow steeper slope angles at the planned pits, and thus, decrease the stripping ratio. Water supply: SLR Namibia commenced with the work to identify a groundwater resource for sustainable extraction of Lofdal's water demand in February 2025. Power supply: The Company aims now at a power supply solution by an Independent Power Producer (IPP) based on photovoltaic with battery and limited diesel generator backup. Offers received demonstrate highly competitive resulting electricity prices. Darrin Campbell, President of Namibia Critical Metals, stated: 'Exciting progress at our fully licensed Lofdal heavy rare earth project as we move towards completion of our PFS this year. The recent events in Myanmar which have caused supply disruptions of rare earths combined with the announcement by China to restrict exports of rare earth metals and permanent magnets amplifies the need to diversify supply chains, particularly for heavy rare earths dysprosium and terbium. NCMI is uniquely positioned with its strategic partner, JOGMEC, to develop this advanced globally significant source of heavy rare earths.' On site activities at Lofdal in support of the current value engineering The Area 4 pit was extended and over 2,100 t of bulk samples extracted from a depth between 12 and 17 m. The bulk samples were taken according to the four ore blocks from the footwall to the hanging wall, representing ore variability with different country rocks forming the matrix of the mineralization and enveloping the ore zone. The bulk samples are currently crushed and screened for extended XRT and XRF sorting tests at Gecko Namibia and RADOS South Africa. About the Lofdal Heavy Rare Earth Project The Lofdal REE project is one of the few rare earth deposits in the world that contains mostly heavy rare earth elements (~75% HREO distribution) with Dysprosium and Terbium being the economically most important elements. The heavy rare earth element ('HREE') mineralization comprises zones of hydrothermal alteration, predominantly albitization and carbonatization, associated with carbonatite dykes. The mineralization with the heavy rare earth phosphate mineral xenotime is structurally controlled and continues to depth with a general dip of 50-55°SSE in most sub-deposits. The HREE mineralization covers a huge area of over 15 km by 10 km. Only a very small fraction of the known mineralized systems underwent resource drilling so far, namely Area 2B and Area 4, see map below. These two sub-deposits form the basis for the current Prefeasibility Study 'Lofdal 2B-4". Therefore, the project can most likely be significantly expanded by future exploration. The Lofdal project is fully licensed with a valid Mining License until May 10, 2046. The Mining License ML200 covers the entire prospective area of mineralized zones of the district-scale Lofdal HREE system. About Namibia Critical Metals Inc. NCMI is developing the Tier-1 Heavy Rare Earth Project, Lofdal, a globally significant deposit of the heavy rare earth metals dysprosium and terbium. Demand for these critical metals used in permanent magnets for electric vehicles, wind turbines and other electronics is driven by innovations linked to energy and technology transformations. The geopolitical risks associated with sourcing many of these metals has become a repeated concern for manufacturers and end users. Namibia is a proven and stable mining jurisdiction. The Lofdal Project is fully permitted with a 25-year Mining License and is under a Joint Venture agreement with Japan Organization for Metals and Energy Security (JOGMEC). About Japan Organization for Metals and Energy Security (JOGMEC) and the JV JOGMEC is a Japanese government independent administrative agency which seeks to secure stable resource supplies for Japan. JOGMEC has a strong reputation as a long term, strategic partner in mineral projects globally. JOGMEC facilitates opportunities with Japanese private companies to secure supplies of natural resources for the benefit of the country's economic development. Rare earth elements are of critical importance to Japanese industrial interests and JOGMEC has extensive experience with all aspects of the sector. JOGMEC provided Lynas with USD$250,000,000 in loans and equity in 2011 to ensure supplies of the Light Rare Earths metals suite to the Japanese industry and invested a further $134 million in 2023. In March 2025 JOGMEC announced a partnership with Iwatani Corporation to invest 110 million euros in Carester heavy rare earth separation plant, Caremag, located in Lyon, France. Namibia Critical Metals owns a 95% interest in the Lofdal project with the remaining 5% held for the benefit of historically disadvantaged Namibians. The terms of the JOGMEC joint venture agreement with the Company stipulate that JOGMEC provides C$3,000,000 in Term 1 and C$7,000,000 in Term 2 to earn a 40% interest in the Lofdal project. Term 3 calls for a further C$10,000,000 of expenditures to earn an additional 10% interest. JOGMEC can also purchase another 1% for C$5,000,000 and has first right of refusal to fully fund the project through to commercial production and to purchase all production at market prices. The collective interests of NCMI and historically disadvantaged Namibians cannot be diluted below a 26% carried working interest upon payment of C$5,000,000 to JOGMEC for the dilution protection. NMI may elect to participate up to a maximum of 44% by funding pro rata after the earn in period is completed. To date, JOGMEC has completed Term 2 and earned a 40% interest by reaching the C$10 million expenditure requirement. Total approved project funding to date is C$16,245,000 of the $20,000,000 Earn-In requirement to reach 50% interest. Rainer Ellmies, PhD, MScGeol, EurGeol, AusIMM and Vice President of Namibia Critical Metals Inc., is the Company's Qualified Person and has reviewed and approved this press release. The common shares of Namibia Critical Metals Inc. trade on the TSX Venture Exchange under the symbol 'NMI' and the OTCQB Market under the symbol 'NMREF'. 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 release. For more information please contact - Namibia Critical Metals Inc. Darrin Campbell, President Tel: +01 (902) 835-8760 This news release contains certain 'forward-looking information' within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'may', 'will', 'would', 'potential', 'proposed' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
