JNC Resources Inc.: JNC Resources Strengthens Australian Targets Based on Historical Review
VANCOUVER, BC / ACCESSWIRE / February 5, 2021 / JNC Resources Inc. (CSE:JNC)(OTC PINK:JNCCF)(FSE:5VH)( JNC or the Company ) is pleased to announce an update on the Malebo and Solomon claims in the state of NSW, Australia that were, subject to closing, recently optioned from Southern Precious Metals Ltd. ( SPML ). While SPML and JNC move toward finalizing a definitive agreement, the SPML team has provided a further update, the result of an ongoing, comprehensive compilation of available historic and contemporary exploration data. SPML has focused on combining historic geochemical sampling and geological interpretation with contemporary geophysical, geochemical, and geological surveying of the property to identify robust exploration targets for field- based exploration to test.
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JNC Resources Strengthens Australian Targets Based on Historical Review
February 5, 2021 GMT
VANCOUVER, BC / ACCESSWIRE / February 5, 2021 / JNC Resources Inc. (CSE:JNC)(OTC PINK:JNCCF)(FSE:5VH)(“JNC” or the “Company”) is pleased to announce an update on the Malebo and Solomon claims in the state of NSW, Australia that were, subject to closing, recently optioned from Southern Precious Metals Ltd. (“SPML”). While SPML and JNC move toward finalizing a definitive agreement, the SPML team has provided a further update, the result of an ongoing, comprehensive compilation of available historic and contemporary exploration data. SPML has focused on combining historic geochemical sampling and geological interpretation with contemporary geophysical, geochemical, and geological surveying of the property to identify robust exploration targets for field‐ based exploration to test.
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Cameco marked the successful closure today of the binding Membership Interest Purchase Agreement between Cameco Corporation, Silex Systems Limited and GE-Hitachi Nuclear Energy, completing the ownership restructuring of Global Laser Enrichment LLC . With the restructuring, Cameco’s interest in GLE increases from 24% to 49%, with Silex acquiring the remaining 51%. Cameco is the commercial lead for the project and .
Phase One also addressed some IP issues, including:
the normalisation of China’s systems for IP administration and enforcement;
the establishment of a patent linkage system for pharmaceuticals; and
the prohibition on making technology transfer a goal of overseas investment or a condition for market access.
Notwithstanding the progress made in phase one, some critics expressed concern that the reforms did not go far enough – or were not enforceable – and that many issues remain unresolved. In the wake of the covid-19 pandemic and amid disagreements over the implementation of phase one, the Trump administration was unable to make progress toward a Phase Two Agreement before the November 2020 general election. While Biden was critical of the Trump administration’s trade policies, it remains to be seen whether his administration will take a different approach.