- Coloured Ties Capital (TIE) has provided an update on its activities
- The company purchased 62 mineral claims in the Cadillac-Pontiac region
- It has entered into a loan-repayment plan with Fertimar whereby Fertimar shall repay a total amount of about C$1,300,000 (6,000,000 Brazilian Reals) in 12 monthly instalments
- It has acquired a total of 1,708,900 common shares of Patriot Battery Metals
- It has entered into discussions to acquire a 1 per cent net smelter royalty on Arnett Creek Gold project
- Coloured Ties Capital Inc. was unchanged at $0.29 at 11:25 AM ET
Coloured Ties Capital (TIE) has provided an update regarding its recent activities.
The company purchased 62 mineral claims in the Cadillac-Pontiac region, about 50km southwest of Val-d’Or.
The general area has recently attracted many lithium prospecting and exploration companies.
The Cadillac-Pontiac area has gained attention due to recent discoveries of several high-grade spodumene prospects. The latest discovery of high-grade lithium prospects by Vision Lithium Inc spurred several other exploration and drill programs within the Cadillac area.
Regarding the US$1.8-million the previous management of Coloured Ties had loaned to Fertimar Mineracao E Navegacao SA as part of a planned reverse takeover transaction, which was not completed, the company has entered into a repayment plan with Fertimar whereby Fertimar shall repay a total amount of approximately C$1,300,000 (6,000,000 Brazilian Reals) in twelve monthly instalments, starting in January 2022.
As of July 15, 2022, Fertimar has made scheduled payments and is scheduled to make additional payments over the coming months to complete the total repayment.
In January 2022, Coloured Ties made an investment into Ride Vision, a private Israel-based company.
Ride Vision has partnered with Israel’s leading insurance provider, IDI Insurance, after a successful pilot with a large automotive manufacturer demonstrated a reduction in the chances of a fatal collision by 60 per cent.
After successfully launching and saving lives in Israel and Italy, Ride Vision has now launched in the Australian market, starting with New South Wales. Since October 2021, Ride Vision’s system has been available for Australian riders to retrofit their bikes.
In addition, Tier 1 supplier Minda Corporation, the flagship company of Spark Minda, has partnered with Ride Vision to bring its products into the Indian market.
Coloured Ties has acquired a total of 1,708,900 common shares of Patriot Battery Metals (PMET) via purchases thru the Canadian Securities Exchange from December to July 15, 2022 at an average cost of $1.40 per share.
Coloured Ties has entered into discussions to acquire a 1 per cent net smelter royalty on Arnett Creek Gold project being developed by Revival Gold from a related private party.
Coloured Ties Capital Inc is engaged in the exploration of near-surface phosphates, potash and other minerals, and potential development of a fertilizer project in Peru.
Coloured Ties Capital Inc. was unchanged at $0.29 at 11:25 AM ET.
