TSXV – AGAG

VANCOUVER, BC, Dec. 12, 2024 /CNW/ – Argenta Silver Corp. (TSXV: AGAG) (“Argenta” or the “Company”) is pleased to announce the appointment of Mr. Guillermo Peralta as Chief Geologist for Silex Argentina S.A., the Company’s wholly owned subsidiary and the operator of the El Quevar Project in Salta Province, Argentina.

Mr. Peralta is a seasoned field geologist with over 18 years of mineral exploration experience across prominent mining jurisdictions in Chile, Argentina, Ecuador, and Canada, including 8 years at Kinross Gold. His expertise spans all stages of exploration, from early prospecting to advanced project development, and he has managed exploration budgets exceeding USD $10 million.

Throughout his career, Mr. Peralta has made significant contributions to major mining projects, including:

Chile: Participated in exploration for projects such as Lobo-Marte, Fortuna, Orion, Dorado, and numerous early-stage ventures in metallogenic belts.Argentina: Played a pivotal role in the discovery of the world class Cerro Negro gold deposit and led exploration for the Cerro Contreras project within the Deseado Massif.Ecuador: Gained valuable experience working on Fruta del Norte project and nearby remote brownfield targets.Canada: Contributed to the Uchi project in Ontario’s VMS and Greenstone belts.

His career highlights include increasing the gold resource at the Lajita deposit on the Dorado project in Chile by over 1 Moz (2020-2023) as Chief Exploration Manager and contributing to the modernization of exploration at Kinross Gold’s Lobo-Marte project in Chile, which hosts over 6.73 Moz Au in Probable Reserves and 2.37 Moz Au in Indicated Resources (1).

“Mr. Peralta’s extensive experience and impressive track record in exploration leadership and resource discovery align perfectly with Argenta’s vision for the El Quevar Project,” said Joaquin Marias, Vice President of Exploration and Development of Argenta Silver Corp. “We are thrilled to welcome him to our team and look forward to his contributions as we advance exploration at El Quevar.”

About Argenta Silver Corp.

Argenta Silver Corp. is a focused silver exploration company committed to advancing projects that support the global energy transition. Our mission is to create sustainable, long-term value for shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions across Latin America. Led by an experienced management team with deep expertise in exploration, finance, and project development, Argenta takes a disciplined, strategic approach to growth. With a strong emphasis on responsible mining practices, we are well-positioned to meet the rising demand for silver—a critical metal in renewable energy and emerging technologies—while building a lasting and successful company.

Andrew Hamilton, P.Geo., a “qualified person” as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

On behalf of Argenta Silver Corp.

“Geir Liland”      

Chief Executive Officer

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 release.

Forward Looking Information

Certain statements and information herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the El Quevar project.

Although management of the Company believe that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These risk factors include, but are not limited to: exploration and development of the El Quevar project may not result in any commercially successful outcome for the Company; risks associated with the business of the Company; business and economic conditions in the mining industry generally; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time.

The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Argenta Silver Corp.

Appoints Scott Hudson as Vice President of Quality

CALGARY, AB, Dec. 12, 2024 /PRNewswire/ — CoolIT Systems (CoolIT), the world’s leader in liquid cooling systems for advanced computing, is continuing to invest in its manufacturing capabilities to support the surging demand for liquid cooling of AI systems. Along with a 25x capacity expansion in a new Calgary, Canada manufacturing facility, CoolIT recently hired Scott Hudson as Vice President of Quality to lead the company’s development of world-class quality operations and systems.

“As the leader in direct liquid cooling for over two decades, our customers expect leading performance and reliability from CoolIT products,” said CoolIT’s COO Patrick McGinn. ” Adding Scott as CoolIT’s VP of Quality reinforces CoolIT’s commitment to developing best-in-class quality standards for liquid cooling products.”

Scott joins CoolIT from Celestica, where he led the company’s global quality strategy for all business segments across over 30 sites. His career spans three decades of quality leadership roles in the worldwide computer hardware industry, overseeing multi-site operations in North America, Asia and Europe.

“Ensuring the culture of quality permeates all aspects of our business and our relationships with suppliers, customers, and technology partners is central to my mission, as well as CoolIT’s continued leadership in liquid cooling,” emphasized Scott.

CoolIT’s end-to-end direct liquid cooling products are essential to operating current and future generations of AI data centers. The company’s investments in manufacturing support the rapid build-out of production capacity to support the world’s top AI cloud service providers and leading semiconductor and server manufacturers.

About CoolIT Systems

CoolIT Systems specializes in scalable liquid cooling solutions for the world’s most demanding computing environments. A 23-year pioneer in liquid cooling for microprocessors, CoolIT’s technology cools over 5 million GPUs and CPUs globally.  In the AI, high-performance computing and enterprise data center markets, CoolIT partners with global processor and server design leaders to develop the most efficient and reliable liquid cooling solutions for their leading-edge products. Through its modular direct liquid cooling (DLC) technology, CoolIT enables dramatic increases in rack densities, component performance and power efficiencies. CoolIT also provides system design, installation and maintenance services in over 70 countries worldwide.   Together, CoolIT and its partners are leading the way for the widespread adoption of accelerated and advanced computing.

For more information about CoolIT Systems and its technology, visit https://www.coolitsystems.com/  and follow @CoolIT Systems on LinkedIn. 

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SOURCE CoolIT Systems Inc

Provides 2000 A15 Hydro Bitcoin mining machines in initial order
Continues global expansion with addition of new customer

SINGAPORE, Dec. 12, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. (“CCG”), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with AGM Group Holdings Inc. (“AGMH”), an integrated technology company specializing in fintech software services and production of high-performance hardware and computing equipment, for its Avalon A15 HydU 370T (“A15 Hydro”) mining machines.

As part of the agreement, Canaan will initially provide 2,000 Bitcoin mining machines to AGMH. The Company has also agreed to provide its customer with an option to acquire approximately 30,000 additional BTC mining units, potentially providing AGMH with a combined power capacity not exceeding 300 megawatts.

The Avalon Miner A15 Hydro enhances the miner’s performance and lifespan while reducing energy consumption and noise pollution, aligning with Canaan’s ESG (Environmental, Social, and Governance) strategy.

About Canaan Inc.
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement
This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.’s strategic and operational plans, contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law.

Investor Relations Contacts
Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com

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SOURCE Canaan Inc.