TORONTO, ON--(Marketwired - June 21, 2017) -
Rogue Resources Inc. (
"We are excited to partner with Rogue and begin distributing the Silicon Ridge quartz," said Tom Hinson, Owner of Lintech. "This quartz product is in demand by our customers and, after meeting multiple times, we have been drawn to the professional approach the Rogue team has taken -- analyzing and methodically advancing the Project."
"This partnership brings multiple benefits to our Company," said Sean Samson, President and CEO of Rogue. "We knew that despite moving to a direct-ship model, and our focus on the silicon metal market, we still wanted access into the lower volume but higher priced specialized markets. Partnering with Lintech gets us that and also the opportunity to collaborate with a very experienced group."
The Specialized Market -- not included in the Base Case PEA
In its 2016 analysis, Dorfner ANZAPLAN identified a number of potential end uses for the product from the Silicon Ridge deposit (see summary of the April 2016 metallurgical report, available on www.rogueresources.ca). Rogue has since targeted two broad groups of markets: "Commodity" and "Specialized".
The Commodity group will be direct-shipped from Silicon Ridge as lump product, after selective quarrying (led by the on-site Rogue team), primary crushing and screening by the Contract Operator of the quarry to a size as required to meet the specification for ferrosilicon and metallurgical grade silicon producers (averages between 20mm to 120mm). The Optimized PEA announced earlier the quarter, draws on pricing for only the Commodity group (see Press Release May 23, 2017).
Sales into the Specialized group will likely require secondary processing (now not included as part of the direct-ship model planned for Silicon Ridge), and the Company has been actively searching for partners to process and help distribute this material. On a non-exclusive bases, Lintech will target coatings, adhesives, rubber, plastics and composites sales, across the USA. Sales into the Specialized markets would represent upside to the Base Case and potential sales of material currently counted as waste.
The Rogue Plan for Silicon Ridge: http://www.marketwire.com/library/MwGo/2017/6/21/11G141560/Images/rogueplan-65ab0bb4b0619bf9a8af96c38f8630cd.jpg
About Lintech International LLC
Lintech International LLC is a leading specialty chemical distributor of resins, monomers, additives, pigments and performance minerals. Lintech partners with world-class suppliers to meet the needs of customers in a wide variety of markets. Since 1983, their steady focus has been on the success of their customers and providing them business solutions. For more information visit www.lintechinternational.com
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. 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 current focus is Quebec's Silicon Ridge Project. For more information visit www.rogueresources.ca.
The Silicon Ridge Project is under the direct supervision of Paul Davis, P.Geo., VP, Technical and Director of the Company and a QP as defined by National Instrument 43-101. The QP has approved the scientific and technical content of this release.
On Behalf of Rogue Resources Inc.
President & CEO, Director
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 currently 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 periods and net present values, plans to decide if the project and resources to be quarried. Although the Company considers these assumptions to be reasonable based on information currently available to it, they 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 results 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 environments, environmental compliance, operating and capital cost escalation, ability 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 unexpected 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 plan and recoveries will not be achieved, equipment breakdowns, bad weather timing and success of 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 reliance 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.
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