Rogue Resources

Published : March 08th, 2018

Rogue Selects Quarry Contractor and Forms Strategic Partnership with SCR Mining and Tunneling

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Rogue Selects Quarry Contractor and Forms Strategic Partnership with SCR Mining and Tunneling

  • Ed Seguin & Sons Trucking and Paving Ltd. (“Seguin”) selected as Contract Quarry Operator for Snow White
  • Strategic Partnership formed with SCR Mining and Tunneling L.P. (“SCR”) for collaboration on projects
  • Seguin and SCR will invest $225K into Rogue, to fund project identification and future advancement
  • Ministry of Natural Resources and Forests (“MNRF”) work permit received to reseat temporary bridge to be followed by Diamond drill program to define Snow White Quartz zone

TORONTO, March 08, 2018 (GLOBE NEWSWIRE) -- Rogue Resources Inc. (RRS.V) (“Rogue” or the “Company”) is pleased to announce it has selected Seguin as the contract operator for the Company’s Snow White Quartz Project ("Snow White" or the "Project"), located near Massey, Ontario, Canada, has formed a strategic partnership with SCR and both companies have agreed to subscribe for flow-through units of Rogue (“Units”) pursuant to a private placement.

In the event of a positive Advancement Decision by Rogue in Q2, Seguin will be responsible for quarry operations including the loading and hauling of material from the quarry to the crushing and screening plant and the operations of the crushing and screening plant on site. 

“We are excited by the selection of Ed Seguin & Sons as our quarry operator,” said Sean Samson, President and CEO of Rogue Resources. “We believe the combination of a great team, new equipment and a practical and pragmatic approach will benefit Snow White.”

Under the Strategic Partnership, SCR and Rogue will jointly assess project opportunities identified by Rogue throughout North and South America. 

In connection with the partnership agreement, Rogue has agreed to issue and sell 750,000 Units, to be split evenly between Seguin and SCR at a price of $0.30 per Unit for aggregate gross proceeds of $225,000 (the “Offering”).  Each Unit will include one common share and one common share purchase warrant (“Warrant”) entitling the holder thereof to purchase one common share at an exercise price of $0.45 until May 31, 2018. The Offering is subject to regulatory approval, including approval of the TSX Venture Exchange (the “TSXV”).  Closing of the Offering is expected to occur on or about March 20, 2018.  The proceeds from the Offering will be used for Canadian Exploration Expenses, as defined in the Income Tax Act (Canada).

“Partnering with SCR is another step in both the plan for Snow White but also, to grow Rogue,” said Sean Samson. “We have known the Seguins for years, we work well together and have a similar approach in business, complimenting each other’s skills and experience. Together we will continue the search for additional high quality opportunities through our shared, targeted focus and analysis. We are excited about this creative approach of actively partnering with an operator.”

“SCR appreciates Rogue’s commitment to a thorough due diligence process, reviewing projects quickly and identifying opportunities within the resource sector,” states Claude Seguin, managing Partner and Co-Founder of SCR Mining and Tunneling.  “The strategic partnership with Rogue will present new opportunities for SCR and we look forward to working with Rogue’s management team on new projects.”

Diamond drilling on the project upon completion of that work.  " data-reactid="23">Rogue is also pleased to report that the Company has received a work permit from the MNRF to reseat the temporary bridge on the Snow White site.  The Company will be completing that reseating work as soon as possible and will have a drill contractor mobilizing to the site to begin Diamond drilling on the project upon completion of that work.  

The work completed on Snow White at this stage is preliminary in nature and the limited drill data and metallurgical analysis are too speculative geologically to have economic considerations applied to them that would enable them to be categorized even as Mineral Resources. Rogue does not intend to complete a Pre-feasibility or Feasibility Study of Mineral Reserves demonstrating economic and technical viability before an Advancement decision to proceed into Production. This potential decision would be based on a Resource Report, the results of negotiated cost estimates, ongoing engineering and geochemical test work (including the work referred to in this Release), the recent metallurgical test work, historic successful furnace tests as well as the securing of supply contracts for the Snow White quartz/silica products. Among the risks associated with any Advancement decision to proceed into Production is the possibility that the zone will not be economically or technically viable and/or that development timetables, cost estimates and production forecasts may not be realized.

Rogue’s 2018 Plan

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e2c2801f-143c-46b4-a46e-3d5dbc5e0711

About Rogue Resources Inc.

Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock value and good grade deposits that can withstand all stages of the commodity price cycle. The Company remains focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Québec, exploring its other assets, including the gold potential at Radio Hill, and identifying additional projects or mines that meet its criteria.

For more information visit www.rogueresources.ca.

Qualified Person

The Company’s Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company.  Paul is a Qualified Person (“QP”) as defined by NI 43-101. He has reviewed and approved the technical information in this press release.

For additional information regarding this news release please contact:

Sean Samson
info@rogueresources.ca 

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:

This news release contains certain statements or disclosures relating to the Company that are based on the expectations of its management as well as assumptions made by and information currently available to the Company which may constitute forward-looking statements or information (“forward-looking statements”) under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that the Company anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words “will”, “expect”, “anticipate”, “plan” and similar expressions.

In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the following: investment by Seguin and SCR into Rogue and funding objectives; the receipt of a positive Advancement Decision in Q2; the strategic benefits of the partnership to Snow White and the Company; the private placement, and the approval of the TSXV therefor. The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of the Company including, without limitation: business strategies and the environment in which the Company will operate in the future; commodity prices; exploration and development costs; mining operations, drilling plans and access to available goods and services and development parameters; regulatory restrictions; the ability of the Company to obtain applicable permits; activities of governmental authorities (including changes in taxation); currency fluctuations; the global economic climate; and competition.

The Company believes that the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation: general economic, market and business conditions; the technical reports which may not be completed in the timelines anticipated, in the manner anticipated or at all; the Company’s properties may not have the results currently anticipated by the Company; the Company may be unable to resolve geological, mechanical, regulatory or operational issues in the timelines anticipated, in the manner anticipated or at all; increased costs and expenses; reliance on industry partners; risks related to operations, government and environmental regulation, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; risks in the marketability of minerals; fluctuations in the commodity prices; fluctuation in foreign exchange rates and interest rates; stock market volatility; and certain other risks detailed from time to time in the Company’s public disclosure documents including, without limitation, those risks identified in this news release, and in the Company’s most recent annual and interim management’s discussion and analysis, copies of which are available on the Company’s SEDAR profile at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive and are cautioned not to place undue reliance on these forward-looking statements.

The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

Read the rest of the article at https:
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Rogue Resources

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CODE : RRS.V
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Rogue Res is a nickel and palladium exploration company based in Canada.

Rogue Res holds various exploration projects in Canada.

Its main exploration properties are SHILLINGTON, ABITIBI EAST, UKE, RADIO HILL, TIMMINS WEST and LANGMUIR in Canada.

Rogue Res is listed in Canada and in United States of America. Its market capitalisation is CA$ 334 250 as of today (US$ 243 408, € 226 467).

Its stock quote reached its highest recent level on August 17, 2007 at CA$ 98.99, and its lowest recent point on October 27, 2023 at CA$ 0.02.

Rogue Res has 9 550 000 shares outstanding.

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Financings of Rogue Resources
6/2/2011Increases Brokered Private Placement Offering to $4 Million
5/26/2011Announces Brokered Private Placement Offering
12/4/2009Increases and Closes Private Placement
3/13/2007Private Placement
Nominations of Rogue Resources
3/31/2015Appoints Angela Yap CFO
8/18/2010Appoints Trygve Hoy, PhD, PEng,as VP of Exploration
1/7/2010Appoints Vice President of Exploration
Project news of Rogue Resources
10/10/2012(Radio Hill)Iron Ore Reports Positive Results from Initial Metallurgical...
10/13/2011(Radio Hill)Announces Preliminary Results from Drilling at Radio Hill Ir...
9/21/2011(Langmuir)Intersects 1.2% Nickel over 29 Meters at Langmuir
8/23/2011(Radio Hill)Commences 10,000 Meter Drill Program at Radio Hill Iron Proj...
8/16/2011(Radio Hill)Announces Exploration Plans On Radio Hill Iron Ore Property
7/14/2011(Radio Hill)Signs 10,000 Meter Drill Contract for Radio Hill Iron Ore Pr...
4/15/2011(Langmuir)Provides Langmuir Drilling Update, Corporate Update
7/20/2010Posts NI 43-101 Technical Report on SEDAR
7/6/2010(Langmuir)Posts NI 43-101 Mineral Resource Evaluation Report on SEDAR ...
6/3/2010Receives NI 43-101 Property of Merit Report for Radio Hill I...
5/19/2010Receives NI 43-101 Resource Estimate for Langmuir W4 Nickel ...
3/2/2010Commissions NI43-101 Report on Radio Hill Iron-Ore Project; ...
11/23/2009(Abitibi East)Moves Forward with Second Phase of Gold Exploration Program ...
11/10/2009(Timmins West)Commences Gold Exploration on Timmins West Property and Adva...
10/7/2009(Abitibi East)Drilling Discovers Southeast Extension of Volcanic Stratigra...
9/22/2009(Timmins West)Plans Exploration Program on Timmins West Gold Project
8/13/2009(Abitibi East)Moves Forward with Abitibi East Gold Exploration
7/8/2009(Abitibi East)Abitibi East Property to Receive $344,694 in Exploration
6/24/2009(Abitibi East)Commences Surface Exploration Program on Claims Adjacent to ...
6/17/2009(Langmuir)Provides Exploration Update on Langmuir Nickel Project
5/28/2009(Langmuir)Discovers New W3 Target Area At Langmuir
3/2/2009(Langmuir)Completes Property Evaluations
2/27/2009(Langmuir)Announces New Nickel Discovery On Langmuir
2/19/2009(Langmuir)Intersects 2.75% Nickel over 24.4 Meters and Begins 2009 Dri...
12/8/2008(Langmuir)Langmuir Project: Significant Near-Surface Nickel Mineraliza...
7/15/2008(Langmuir)High Grade Nickel Mineralization intersected at Langmuir Nic...
5/16/2008(Langmuir)Drilling Commences On Radio Hill Property
5/14/2008(Langmuir)NEW MODEL FOR LANGMUIR
5/14/2008(Langmuir)New Model for Langmuir Nickel Property
5/9/2008(Langmuir)NEW POTENTIAL AT DEPTH ON LANGMUIR NICKEL PROPERTY
12/5/2007(Bathurst & Portage Lakes)Drilling Commences in Bathurst District
5/24/2007Increases Land Position at New Nickel Discovery
Corporate news of Rogue Resources
5/13/2016Rogue Appoints SNC-Lavalin as Environmental Consultant for S...
4/25/2016Rogue Completes Metallurgical Analysis; Confirms Commercial ...
4/4/2016Rogue Announces Final Assay Results from 2015 Diamond Drill ...
4/1/2016Rogue Resources Announces Oversubscription & Closing of Priv...
12/23/2015Rogue Resources Announces Drill Core Assay Returns Up to 99....
11/3/2015Rogue Resources Announces Drill Core Assays Return Up to 99....
10/19/2015Rogue Resources Announces Silica Bulk Sample Sent to Dorfner...
9/24/2015Rogue Resources Closes $1,075,350 Second Tranche
9/9/2015Rogue Resources Announces High Grade Silica Strike Length Ex...
9/2/2015Rogue Resources Channel Sampling Returns Up to 99.9% SiO2 on...
3/14/2015Increased Market Activity
3/13/2015Increased Market Activity
3/13/2015Rogue Resources Inc.: Increased Market Activity
2/18/2015Québec Government to Finance Bringing Hydro Power to the Cap...
2/18/2015Rogue Resources Inc.: Quebec Government to Finance Bringing ...
1/19/2015Rogue Resources Completes Airborne Mag Survey, Confirms Over...
1/19/2015Completes Airborne Mag Survey, Confirms Over 1Km Strike Leng...
1/19/2015Rogue Resources Completes Airborne Mag Survey, Confirms Over...
12/31/2014Rogue Resources Provides Year-End Review and Project Updates
12/31/2014Rogue Resources Provides Year-End Review and Project Updates
12/16/2014Rogue Resources Releases Ni 43-101 Technical Report on Lac D...
12/16/2014Rogue Resources Releases NI 43-101 Technical Report on Lac d...
12/10/2014ROGUE RESOURCES SAMPLES UP TO 99.54% SiO2, IDENTIFIES 1.1 KM...
12/10/2014Rogue Resources Samples Up to 99.54% SiO2, Identifies 1.1 Km...
11/12/2014Rogue Resources Appoints Eddy Canova Senior Vice President
11/12/2014Rogue Resources Appoints Eddy Canova Senior Vice President
8/21/2014Rogue Resources Amends Quebec Silica Project Agreement
4/28/2014Rogue Resources Provides Project Update
3/21/2014Rogue Resources Closes Private Placement
3/21/2014Rogue Resources Closes Private Placement
10/11/2013(Radio Hill)Iron Ore Amends Radio Hill Agreement
7/29/2013Iron Ore Provides Corporate Update
3/11/2013Iron Ore Spin-Out Company, Rapier Gold Inc., Completes Broke...
1/23/2013Iron Ore Corp. Announces Formation of Strategic Alliance Wit...
9/27/2012Iron Ore Corp Executes Share Purchase Agreement With Rio Tin...
1/23/2012Changes Name to Rogue Iron Ore Corp.
11/30/2011(Radio Hill)Intersects 141 Meters Of 41% Iron at Radio Hill Iron Project...
7/13/2011Launches Social Media Program
7/12/2011Acquires Kachelly Property, Secures Extension to 12 km Nat R...
6/16/2011Closes $4.6 Million Financing, 15% Overallotment Option Exer...
4/27/2011Acquires 100% Interest in Iron Ore Project with 427 Million ...
2/25/2011-Corporate Update
6/29/2010Management Change
12/15/2009Acquires Two Properties in West Timmins Gold District along ...
11/16/2009Provides Exploration Update on Portage Property, Bathurst, N...
9/23/2009Acquires Kenogaming Gold Property in West Timmins along Dest...
4/23/2008Retains AGORACOM to Provide Investor Relations, Social Netwo...
3/12/2008New Website Release
3/5/2008Farr and Doon Properties Acquired
2/28/2008BUILDING ON NICKEL DISCOVERY
1/16/2008Drilling Continues to Expand Langmuir Nickel
12/4/2007 Drilling Commences on Abitibi East Property
11/21/2007 Expanding Drill Program Results include 10.7M of 2.37% Nick...
11/17/2007LATEST TECHNOLOGY BROUGHT TO GOLDEN CHALICE LANGMUIR NICKEL ...
10/18/2007Drilling Confirms the Large Size Potential of Langmuir Nicke...
10/18/2007PORPHYRY & WARDEN PROPERTIES ACQUIRED and PROPERTIES UPDATE
9/29/2007ZAVITZ Property acquired
9/13/2007LANGMUIR NICKEL DISCOVERY DRILLING
8/14/2007Major Nickel Intersection on Strike With Golden Chalice Lang...
7/22/2007Langmuir Nickel Discovery
7/18/2007Large Zinc Zone Intersected on Abitibi East
6/16/2007Langmuir Drilling News
6/8/2007Shareholder Rights Plan
6/7/2007Releases Details on Futher Langmuir Drilling
6/5/2007Pacific North West Capital Corp. (PFN.TSX) joins Golden Chal...
5/31/2007Commences Drilling on the New Langmuir Nickel Discovery / CO...
5/16/2007Golden Chalice Langmuir Drill Results
4/27/2007Eastern and Western extension of Abitibi east property acqui...
3/22/2007LANGMUIR DRILLING COMMENCES
3/21/2007CREEK PROPERTY ACQUIRED
2/22/2007Row Lake Property acquisition and Drilling
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