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IDGlobal Corp. (OTC PINK:IDGC) has announced a Binding Option Agreement with Silver Stallion Resources Corp. to produce and process multiple ores at the Los Magos 2 mine in Nayarit, Mexico. IDGlobal will invest $100,000 within 30 days to secure a 20% Net Cash Flow interest in the venture. Initial samples from the mine have returned promising ore grades, with an average gross value of $641 per metric tonne. The partnership aims to establish a wholly owned subsidiary focused on precious metals, with potential future benefits for IDGC shareholders in terms of capital raises and share distributions. This collaboration leverages the experienced management of Silver Stallion, known for their successful history in the mining sector.
IDGC (OTC PINK:IDGC) reports significant advancements in battery technology through its subsidiary, UTXO Technologies. The company has developed Nanocell Energy technologies that eliminate cobalt from lithium-ion power cells, addressing both cost and resource limitations. Key products include the nano-CCL-LFP and nano-CCL-LKMNO batteries, featuring high energy density and safety due to non-combustible materials. UTXO is also investing in a semi-industrial manufacturing line for these batteries, aiming for scalable production. The company plans to enhance disclosures on its operations and innovation in renewable energy solutions.
UTXO Technologies Inc. (OTC PINK:IDGC) has launched Nanocell Energy, a technology hub for advanced nanomaterials in energy storage. This initiative, by UTXO's subsidiary MarCelLi Adv Tech Ltd., integrates several manufacturing technologies aimed at producing high-performance Lithium-Ion and Sodium-Ion batteries. The hub combines expertise from seven Polish universities, securing 35 patents for cathode materials and over 30 additional patents pending. With a focus on commercializing near-market technologies and facilitating the production of energy storage systems, Nanocell Energy aims to meet the global demand for batteries, driven by the electrification of transportation and renewable energy initiatives.