ZIMTU CAPITAL CORP. : http://www.zimtu.com/ : Site Map

News Releases

#March 11, 2020
Zimtu Capital to Increase Investment Holdings in Battery Storage Company, Zinc8 Energy Solutions

 Vancouver, British Columbia, March 11, 2020 -- Zimtu Capital Corp. ("Zimtu") (TSX-V:ZC; Frankfurt: ZCT1) an investment issuer with the objective of achieving long-term capital appreciation for its investors, is pleased to have negotiated acquisition and control in a private transaction over 5,500,000 common shares in the capital of MGX Renewables Inc., (DBA Zinc8 Energy Solutions Inc. ("Zinc8")), a Vancouver, B.C. developer and manufacturer of long-duration, low-cost zinc-air energy storage solutions.

"The acquisition of these additional shares represents our support and confidence in Zinc8 Energy Solutions Inc. executive leadership and technology which will allow for the low-cost mass storage of energy which can be deployed into a wide range of scalable energy storage applications."

Commented Dave Hodge, President and Director of Zimtu.

Ron MacDonald, CEO of the Zinc8, commented: "We are extremely pleased to welcome the increased participation by Zimtu Capital. This vote of confidence at this early stage is invaluable. I look forward to working together with our strategic investors as we grow Zinc8 into a leading supplier of Zinc-air batteries for the battery storage sector."

About Zinc8

Zinc8 Energy Solutions has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. Zinc-air batteries can be ideal for mass storage systems and offer both environmental and safety benefits. Zinc8 Energy Solutions strives to meet the growing need for secure and reliable power. To watch a short video outlining Zinc8 Energy Solutions' technology, please visit: https://zinc8energy.com.

More about The Zinc8 Energy Storage System (ESS)

The Zinc8 ESS is a modular Energy Storage System designed to deliver power in the range 20kW - 50MW with capacity of 8 hours of storage duration or higher. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of long-duration applications for microgrids and utilities. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium-ion battery.

Figure 1. Zinc8Energy Energy Storage System (ESS)

Technology

The Zinc8 ESS is based upon unique patented zinc-air battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the surrounding air.

Applications

The flexibility of the Zinc8 ESS enables it to service a wide range of applications. Typical examples include:

  • Smoothing energy derived from renewable sources such as wind and solar
  • Commercial/Industrial backup replacing diesel generators
  • Industrial and grid scale, on-demand power for peak shaving and standby reserves
  • Grid-scale services such as alleviating grid congestion, deferring transmission/distribution upgrades, energy trading and arbitrage, and increasing renewable energy penetration.

Architecture

The Zinc8 ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:

  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function
  • The Fuel Storage Subsystem (FSS) provides the energy storage function
  • The Power Generation Subsystem (PGS) provides the discharging function

Following the recent resignation of Jared Lazerson, the Zinc8 Energy Solutions Inc.'s board of directors now consists of Ron MacDonald, Michael Reimann, Lyndon Patrick, and Dave Hodge.

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Zimtu Capital Share Ownership in Zinc8

Zimtu Capital will be acquiring 5,500,000 shares of Zinc8 pursuant to a transaction with MGX Minerals Inc. at a price of 10 cents per acquired share for aggregate consideration of $550,000.00.

Prior to the acquisition, Zimtu had ownership and control over 4,278,333 common shares and 4,183,333 warrants (400,000 @ $0.35 - 3,783,333 @ $0.08) of Zinc8. Following the acquisition, Zimtu attained additional ownership and control over 5,500,000 common shares in the capital of the company, representing approximately 18.61% per cent of the issued and outstanding common shares immediately after completion of the transaction.

Zimtu's principal business is an investment holding company. Zimtu acquired the acquired shares for investment purposes only and will review its investment on a continuing basis. Upon such review, depending upon such factors that Zimtu may, from time to time deem relevant, among other things, acquire additional securities of the company or dispose of some or all of the existing or additional securities Zimtu holds or will hold.

About Zimtu Capital Corp.

Zimtu Capital Corp. is an investment issuer with the objective of achieving long-term capital appreciation for its investors. The Company utilizes its small capital base and long-term horizon to invest in unique situations; primarily micro/small cap, special situations, and illiquid public and private companies. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The Company trades on the TSX Venture Exchange under the symbol "ZC" and Frankfurt under symbol "ZCT1". For more information please visit http://www.zimtu.com.

On Behalf of the Board of Directors

ZIMTU CAPITAL CORP.
"David Hodge"
President & Director

604-681-1568
Fax: 604-681-8240
Email:

Neither 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.

 
#January 17, 2020
Zimtu Acquires the Lac Elmer East Property Near Eastmain River, James Bay Region, Quebec

 Vancouver, January 17th, 2020 -- Zimtu Capital Corp., (TSX-V - ZC; Frankfurt -- ZCT1), a public resource investment company based in Vancouver, Canada, is pleased to announce that it has acquired through 50/50 staking with a local prospector, a mineral property located in the James Bay Region of Quebec.

The Lac Elmer East Property (the "property) consists of 35 mineral claims, encompassing an area of 18.4 square kilometers and is located 8 kilometers east of the easternmost extent of Azimut Exploration Inc.'s recent discovery at their Elmer Gold Property (See TSX-V- AZM news dated January 14, 2020). The property can be accessed by motor vehicle heading north on the James Bay Road at kilometer 400.

The Lac Elmer East property lies on a distinct area of high magnetic susceptibility (evident by the Quebec Government regional residual magnetics survey) and trends along the same Archean Greenstone Belt as the recent Azimut Exploration Inc. discovery.

The Lac Elmer East Property is bounded to the southeast side by a regional dextral strike slip fault and to the north by a sinistral strike slip fault. The property is underlain by a diverse suite of Archean rocks including rhyolite, dacite, tonalite, diorite, gneiss, volcaniclastics and porphyritic felsic intrusions as mapped by Resource and Energy Quebec.

Zimtu Capital staked the mineral claims on January 15, 2020. Mineral titles can be expected to appear as "Titles on Demand" or "Pending" for up to 30 days on the Quebec GESTIM or SIGEOM system. A map illustrating the exact location of the property will be composed and disseminated upon the Quebec Governments full mineral title approval.

NI 43-101 Disclosure

Contents of this news release were constructed under the supervision of Nicholas Rodway, Registered Professional Geologist and a Qualified Person as defined by National Instrument 43-101. Mr. Rodway has reviewed and approved this news release.

About Zimtu Capital Corp.

Zimtu Capital is a public investment issuer that invests in, creates and grows natural resource companies. The company also provides mineral property project generation and advisory services helping to connect companies to properties of interest.

On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

"David Hodge"
President & Director
604-681-1568
Fax: 604-681-8240
Email: dhodge@zimtu.com

Neither 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.
 
#February 11, 2019
Zimtu Capital Corp. Announces Equity Holding Dimension Five Technologies Inc. To Commence Trading

 Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce that equity holding Dimension Five Technologies Inc. ("Dimension Five") will commence trading on the Canadian Securities Exchange at the market open on Tuesday February 12, 2019, under the symbol "DFT".

Zimtu holds 6,000,000 common shares of Dimension Five representing approximately 21.37% of the total 28,078,001 issued and outstanding common shares.

Dimension Five Technologies Inc., is currently developing a new investing platform that helps connect early stage companies with investors. Over time, the Company also intends to focus on developing, marketing and acquiring other software in the investment and financial technology sector. Additional information on Dimension Five is available on the company's website at http://www.dimensionfive.ca.

Zimtu has been an active supporter of Dimension Five since its formation and will continue to support the company as it moves forward. Zimtu's involvement with Dimension Five is consistent with the Company's strategy of incubating and supporting companies to build value for shareholders.

Zimtu is currently incubating a new mineral exploration company named Core Assets Corp. Core will focus on mineral exploration for gold, copper and other precious metals in northern British Columbia (see news release dated December 10, 2018).

Zimtu also provides its ZimtuADVANTAGE program and mineral property advisory services helping connect companies to properties of interest. ZimtuADVANTAGE is a program designed to provide opportunities, guidance, cost savings and assistance to clients covering multiple aspects of being a public company.


About Zimtu Capital Corp.
Zimtu Capital is a public investment issuer that invests in, incubates and grows natural resource companies. The company also provides mineral property project generation and advisory services helping to connect companies to properties of interest.


On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

"David Hodge"
President & Director
604-681-1568
Fax: 604-681-8240
Email: dhodge@zimtu.com

Neither 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.

Forward-Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include that Dimension Five will commence trading on the Canadian Securities Exchange and that Zimtu Capital Corp. will continue to support Dimension Five in the future. These forward-looking statements are 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. Risks that could change or prevent these statements from coming to fruition include that Dimension Five may not receive all regulatory approvals for listing its shares on the Canadian Securities Exchange. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
 
#December 10, 2018
Zimtu Capital Corp. Options 100% of Its Interest in the Blue Copper-Cobalt Property, Atlin B.C. After Positive Exploration Results

 December 10, 2018 - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the "Company") is pleased to announce that after receiving positive results in the 2018 field season, it has entered into an agreement with Core Assets Corp., a private B.C. company, to option its 100% owned, Blue Copper-Cobalt Property (the "Blue Property") located southwest of Atlin, British Columbia.

The Property

The initial land position of 1 km² was acquired through a group of local prospectors; thereafter Zimtu Capital acquired an addition land area of 10.3 km² by staking. The Blue Property now consists of two mineral licenses encompassing an area of 11.3 km² located 48 km southwest of Atlin, B.C. The exploration program focused on targeting historically identified copper and cobalt in a magnetite rich rock unit.


Map 1. Regional location, Blue Copper-Cobalt Property

Sampling Program

The program consisted of the collection of 28 rock grab samples: four grab samples from bed rock in the historical "French Adit" sampled every 10-12 meters; six grab samples from the exterior area of the "French Adit" (rubble from potential mine dump); and two samples from bedrock, 10 meters south of the "French Adit." Eleven samples were taken from bedrock in the area of the historical "North Adit" and five samples were collected from areas of the northernmost extent of the property. All areas of sampling returned very promising assay values.


Map 2. Sample locations 1 & 2


Map 3. Sample location 1


Map 4. Sample location 2

Rocks sampled from the "French Adit" area assayed up to 1.56 g/t gold, 43.3 g/t silver and 8.46% copper.

Rocks sampled from the "North Adit" area assayed up to 1.57 g/t gold, 46.5 g/t silver and 1.86% copper.


Bornite sample in limestone rich magnetite, collected from outside the "French Adit"


Cu staining visible south of the "French Adit"

Blue Property Historical Exploration

The Blue Property has undergone multiple exploration programs over the years, focusing mainly on the Cu-Au-Ag mineralization in skarns. The property has had limited work completed for cobalt. In the early 1950's an academic thesis completed for the University of British Columbia examined the petrography of the rocks towards the north end of the property. Erythrite and cobaltite were identified and confirmed in thin sections (ARIS 58747). Sampling the north end of the property using an undescribed sampling method reported grades of 0.60% Co over 3 feet. Copper was found at 3.50% and silver at 1 ounce/tonne. Some samples were described to have an erythrite coating on the surface and have cobaltite scattered throughout the magnetite. In 1973 Rio Plata Silver Mines Ltd. commenced diamond drilling on the property yielding 175.0 meters of 0.27% copper from surface, including 27.0 meters of 1.2% Cu approximately 15 meters south of the "French Adit." Cobalt was never assayed for on this hole (ARIS 4996).

The historical information is relevant only as an indication that some mineralization occurs on the property, and no resources, reserve or estimate is inferred. A qualified person has not done sufficient work to classify the historical information as current mineral resources or mineral reserves; and Zimtu is not treating the historical information as current mineral resources or mineral reserves.

Terms of the Agreement

In consideration for the transaction, Core Assets Corp. will pay Zimtu Capital Corp. CAN $100,000 and 3,000,000 common shares as follows:

(i) $50,000 & 1,000,000 common shares upon signing; and
(ii) $50,000 & 1,000,000 common shares 1 year from signing; and
(iii) 1,000,000 common shares 2 years from signing.

Zimtu will also retain a 2% NSR with a 50% buyback for CAN $1,000,000. Core Assets Corp. is a private British Columbia company.

Quality Assurance and Quality Control

Samples were collected and processed by the field crew in appropriate sample bags, then tagged and recorded with their unique sample number. Sealed samples were placed in shipping bags which were sealed with electrical tape and dropped off personally to ALS Laboratories in Whitehorse, Yukon for preparation to be analyzed at the main ALS laboratory in North Vancouver, British Columbia. 1000 grams of rock per sample were pulverized to 85% < 75 microns and subjected to Aqua Regia Digestion using conventional ICP-AES, 35 element analysis (ME-ICP41) with ore grade analysis on samples reaching upper detection limits, and 50 g Fire Assay/ICP-AES for gold and platinum group elements (PGM-ICP24).

NI 43-101 Disclosure

Exploration activities by Zimtu Capital at the Blue Copper-Cobalt Project were conducted under the supervision of Nicholas Rodway, Registered Professional Geologist and a Qualified Person as defined by National Instrument 43-101. Mr. Rodway has reviewed and approved this news release.

About Zimtu Capital Corp.

Zimtu Capital is a public investment issuer that invests in, creates and grows natural resource companies. The company also provides mineral property project generation and advisory services helping to connect companies to properties of interest.

About Core Assets Corp.

Core Assets Corp. (the "company") is a newly created company focused on exploration and development of mineral projects, specifically gold, copper and cobalt. The company is currently conducting a capital raise to fund the initial acquisition and exploration of the Blue Copper-Cobalt Property located in British Columbia.

Core Assets Corp.'s Board of Directors initially will be comprised of experienced natural resource sector executives. The President is Mr. David Hodge, and Directors are Mr. Jared Lazerson, Mr. Nicholas Rodway P.Geo., and Mr. Scott Rose.

On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

"David Hodge"
President & Director
604-681-1568
Fax: 604-681-8240
Email: dhodge@zimtu.com

Neither 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.

Forward-Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include that Core will pay the purchase price and issue shares to Zimtu and will carry out a work program on the Blue Property. These forward-looking statements are 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. Risks that could change or prevent these statements from coming to fruition include that Core Assets may not raise funds to complete the purchase; and if it does complete the purchase, it may not have funds to develop the Blue Property; its shares may be or become worthless; and despite the current expected positive results of the property and potential viability of the project, conditions changing such that the minerals on the property are not of sufficient quality or quantity, or cannot be economically mined, or that the required permits to build and operate any envisaged mine can be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
 
#December 07, 2018
Zimtu Capital Corp. Announces Contract with Ximen Mining Corp.

 Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the "Company" or "Zimtu") announces it has signed an agreement with Ximen Mining Corp. (TSXv: XIM; OTCQB: XXMMF; FSE: 1XMA) to provide its ZimtuADVANTAGE program.

ZimtuADVANTAGE is a program designed to provide opportunities, guidance, cost savings and assistance to clients covering multiple aspects of being a public company. The services may include building financial networks, building business networks, shared costs with other public companies, building a social media presence, conference opportunities, media outlets and guidance and special group pricing provided by Zimtu's network of public company professionals. The program provides the flexibility to allow companies to customize the products and services to best support their needs.

The contract will be filed by Ximen Mining and is conditional upon receipt of the TSX Venture Exchange approval.

About Ximen Mining Corp.
Ximen Mining Corp. owns a 100 percent interest in three precious metal projects located in southern British Columbia: The Gold Drop Project, The Brett Epithermal Gold Project and the Treasure Mountain Silver Project. Both the Gold Drop Project and the Treasure Mountain Silver Project are under option agreements. The option partners are making annual staged payments as well as funding the development of these projects.

Ximen is a publicly-listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA (WKN: A2JBKL). For more information, visit the corporate website at www.ximenminingcorp.com.

About Zimtu Capital Corp.
Zimtu Capital Corp. is a public investment issuer that invests in, creates and grows natural resource companies. The Company also provides mineral property project generation and advisory services helping to connect companies to properties of interest.


On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

"Dave Hodge"
President & Director
Tel: 604.681.1568

Neither 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.
 

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