Electra Stone Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

Electra Stone is actively engaged in the exploration and development of industrial minerals with a focus on Jade minerals and properties. The Company is currently mining Chalky Geyserite on Northern Vancouver Island, British Columbia; generating sustained revenues and in constant production since 2003.

In August 2014 a group led by Zimtu Capital Corp. acquired a controlling interest in Electra, instituted new management and re-structured the company.

Moving forward, Electra intends to develop and optimize current productions and to further acquire and develop projects with near term or revenue generating assets.

Projects in Hand

Existing Production

Apple Bay Geyserite Quarry

The Apple Bay Geyserite (Alumina-Silica) Quarry is located near Port Hardy on Vancouver Island and has been in operation since 2004.

Overview

• Currently Producing 70,000 tpa chalky geyserite
• Potential to market over 300,000 tpa
• Geyserite (aluminum silicate) is used in cement as a "binder"
• About 20% of the cement mix by weight
• It is a soft, high grade silicate which allows for:
• Lower grade aggregate in the blend
• Ease of crushing, reducing long term maintenance costs
• Currently shipping to Ash Grove Cement in Seattle
• Target customers: Lafarge, LeHigh

Exploration Assets

Longworth Silica Project

• The 100% owned Longworth property covers just under 1,100 hectares of land 80 km east of Prince George.
• Historical reporting of at surface Silica (SiO2) has shown grades of 99.6% and better.
• The Longworth claims are amongst the best silica showings in British Columbia, testing has been initiated by Anzaplan in Germany to determine the industry potential for Longworth Product.
• In November 2014 Electra initiated joint venture and strategic partnership with MGX Minerals for an option to earn 50% ownership of Electra's Longworth Silica Property.
• MGX has proposed an initial exploration program on the Longworth claims which is expected to begin in the late second quarter of 2015.

Current Pursuits

Dimensional Stone – Unrealized opportunities

Electra is currently sourcing near term or producing semi-precious and dimensional stone opportunities that exist in British Columbia.

Semi-Precious/Dimensional Stone Markets

• Rhodenite
• Jade
• Marble

High Profit Margins

• Products can be sold and distributed globally with ease

Growing Middle Eastern/ Asian demand

• New market potential for affluent consumers
• EG: luxury tile market, home/hotels

Multiple Distribution Channels

• Local/international construction – homes/hotels
• Online retail – jewelry/wholesale
• Bulk shipment – major contract/wholesale

Jade Strategy

Jade in British Columbia

Jade in British Columbia is of the Nephrite variety and is found abundantly in the Cassiar and Dease Lake, Mt. Ogden and Bridge River regions.

Jade can be broken down into 3 price/quality categories

• Gem $200-1000/kg – A Grade
• Ornamental $10-200/kg – B Grade
• Architectural $4-10/kg – C Grade

Since the 2008 Beijing Olympics Nephrite Jade has seen a resurgence in demand from Chinese consumers.

Global gem grade Nephrite demand now estimated at over 800t per year, a 400% increase from pre-2008, a trend that is expected to continue moving forward.

Boulder Creek Mining Camp in North–East British Columbia

Jade in British Columbia is mainly mined in the Cassiar and Dease Lake regions.

To Create a Vertically Integrated Jade Enterprise

• Secure Raw Material
• Add Manufacturing Capability
• Develop Distribution Channels

Jade Projects in Northern British Columbia

Rustic Jade Project

In February 2015 Electra Stone acquired a nephrite jade project in Northern British Columbia. The 100% owned Rustic Jade Project covers 2,225 hectares of land, located within the Liard Mining Division near Cassiar, British Columbia. The Rustic Jade Project is approximately 8 km north of the currently producing Cassiar Jade Mine and is road accessible from late spring to early fall.

Electra has filed a notice of work application to the BC Ministry of Mines to begin the exploration and development process.

A 2015 work program is proposed to confirm historic geology and continuity of Nephrite mineralization, it will consist of:

• A Magnetic Survey
• Up to 300 metres of drilling to delineate and determine Nephrite quality and potential
• Field mapping focused on the high elevation Nephrite occurrence in the South West area of the property
• The drill results will be used to prepare an initial NI 43-101 Technical Report

Kutcho Jade Project

In March 2015 Electra Stone acquired the 478-hectare Kutcho Project located within the Liard Mining Division near Dease Lake, British Columbia. The Kutcho Project is located 2 km north of seasonal jade placer mining operations that have been in production for over 40 years.

The Kutcho region has been and continues to be a significant source of Jade Boulders in British Columbia. The Project is seasonally accessible from the Kutcho Airstrip and camp by road on the east, west and south boundaries.

Polar Placer Jade Project

In May 2015 Electra Stone entered into an option agreement with D.Javorsky Prospecting Inc. where Electra can acquire a 100% interest in the 1,490-hectare Polar Placer Jade Property, located in the Liard Mining Division, British Columbia.

The Polar Placer Jade Project is situated approximately 40 km east of the Town of Dease Lake, British Columbia, along the Boulder Creek Mining Camp and approximately 1 km north of the Polar Jade™ Mine, one of Canada's premier jade mining operations.

Summary

Apple Bay Geyserite Quarry

• Optimize quarry operations
• Expand sales channels
• Increase production

Longworth Silica Project

• MGX has proposed an initial exploration program on the Longworth claims which is expected to begin in the late second quarter of 2015.

Semi-Precious/Dimensional Stone Markets

• Acquired Rustic, Kutcho and Polar jade projects in Northern British Columbia
• Work program planned for summer 2015 on Rustic Jade Project
• Looking at additional opportunities in the dimensional stone sector

Management

Management and Directors

John Costigan, President, CEO and Director

Mr. Costigan most recently held the position of Vice President of Corporate Development for Western Potash Corp. During his seven year period there Western Potash Corp raised over 140 million dollars and delivered a Final Feasibility Study for the construction of potash solution mine in Saskatchewan.

John Fong, CPA, CGA, Chief Financial Officer

Mr. Fong has over 15 years’ experience in the mining industry and has an extensive background in financial reporting and analysis, internal audit and accounting systems. Mr. Fong was formerly the Vice President of Internal Audit for Rio Alto Mining Ltd. and Controller for Grove Energy Limited. Mr. Fong also operates his own financial consulting business.

Tyler Lowes, Manager of Corporate Development

Mr. Lowes is a seasoned communications professional with experience in raising capital and the marketing of a number of resource exploration companies. Mr. Lowes has worked with the Zimtu Group of companies for over 4 years. His network of contacts within the financial community extends across North America and Europe.

Tony Hu, MBA, Manager of Investor Relations

Mr. Hu has over 20 years’ experience in international trade. Mr. Hu was formerly a Sales Manager for The Noble Group Ltd. In addition he also has extensive experience connecting businesses between China and North American Markets.

Neil Froc, P.Eng., Exploration and Land Acquisition Manager

Mr. Froc is a professional engineer with 25 years of project management experience. Mr. Froc has a proven record of being able to co-ordinate and supervise staff and consultants across a broad spectrum of professionals. He is able to deliver corporate objectives while multitasking both project and corporate management activities, including all aspects of technical and socio-economic development, including occupational health, safety, budgeting and regional exploration. Mr. Froc was executive vice-president and officer of Hard Creek Nickel.

Darrell Dudley, Director

Kyler Hardy, Director

John Gorham, Director

David Zhang, Director

News Update

On March 10, 2016, Electra Stone Ltd. announced that it has entered into a letter of intent arrangement with LYG Anlan Company Ltd., an established jade and construction material manufacturer and distributor in China. Under the terms of the letter of intent LYG will design and manufacture jade and other semi-finished products for Electra that will be marketed and sold through LYG's consumer network and new channels developed by Electra.

On November 27, 2015, Electra Stone Ltd. confirmed its second shipment of British Columbia nephrite jade to the People's Republic of China. In total, Electra has now shipped approximately 36 tonnes of British Columbia nephrite jade to China.

Concurrently, Electra confirmed participation in the GCFF Investment Conference in Shenzhen, China, at the Shangri-La Shenzhen on Dec. 3 and Dec. 4, 2015, as well as one-on-one meetings with interested investors.

On November 19, 2015, Electra Stone Ltd. announced that the Company has sold its first 1.8 tonnes of nephrite jade to three private buyers in the People's Republic of China. This sale marks an important milestone in the Company's strategy of establishing an international trading platform for nephrite jade between Canada and Asia.

On November 4, 2015, Electra Stone Ltd. announced that the Company will open offices in Hong Kong, China, to support sales, marketing and administration of raw nephrite jade from British Columbia to China. The newly incorporated Hong Kong corp. will be a wholly owned subsidiary of Electra Stone under the name Vancouver Jade Holdings (HK) Ltd., as part of the Company's overseas expansion plans.

On October 26, 2015, Electra Stone Ltd. announced that the Company’s previously announced $2-million private placement with Metath Investment Co. Ltd., a British Virgin Islands company controlled by businessman Hai Jian Liu of Shenzhen, China, has been cancelled.

The Company and the investor had signed a letter of intent and had verbally agreed on the detailed terms of the private placement, but the investor has informed the Company that it will not complete the investment. As a result of deeper discussions, the Company and the investor were unable to reach mutually agreeable terms.

On October 22, 2015, Electra Stone Ltd. announced the completion of their preliminary prospecting program for Nephrite Jade in the Liard Mining Division, Northern British Colombia. This initial prospecting program explored four of the Companies’ six projects and increased the understanding of the region and economic potential of Nephrite Jade mineralization on the Company’s tenures. Nephrite was confirmed on the recently acquired Greenrock Creek Placer Property and the Rustic Property.

On September 23, 2015, Electra Stone Ltd. announced that it has shipped an initial 18 tonnes of raw nephrite jade from the Port of Tsawwassen to the Port of Shanghai. Management of Electra will travel to Shanghai to receive the arriving jade as part of a reception with end buyers including jade carvers, manufacturers and resellers.

On July 15, 2015, Electra Stone Ltd. announced that it has appointed David Zhang as a Director of the Company.

Mr. Zhang has a master's degree in money and banking from Zhongnan University in Wuhan, China. He has worked in the financial and banking sector in China for the last 20 years, and is currently the manager of Metath Investments, a Shenzhen-based investment fund. Mr. Zhang manages all Canadian operations and represents the interests of Metath in Vancouver, B.C.

On July 14, 2015, Electra Stone Ltd. announced that it has appointed Neil Froc, P.Eng., as Exploration and Land Acquisition Manager.

Mr. Froc is a professional engineer with 25 years of project management experience.

Mr. Froc has a proven record of being able to co-ordinate and supervise staff and consultants across a broad spectrum of professionals. He is able to deliver corporate objectives while multitasking both project and corporate management activities, including all aspects of technical and socio-economic development, including occupational health, safety, budgeting and regional exploration. Mr. Froc was executive vice-president and officer of Hard Creek Nickel.

On June 30, 2015, Electra Stone Ltd. announced that it has commenced a 90-day prospecting program on its nephrite jade projects near Dease Lake, B.C. The program will focus on new and known areas of jade mineralization with the goal of identifying jade exploration targets for the 2016 season. The program will initially be focused on Electra's recently acquired Polar placer project.

On June 29, 2015, Electra Stone Ltd. announced that its non-brokered private placement, as reported in a news release dated May 28, 2015, has been oversubscribed. The news release stated that the private placement would consist of up to 9,375,000 units for gross proceeds of $750,000. The Company has closed the private placement of 12,466,800 units at eight cents per unit for gross proceeds of $997,344.

The proceeds of this private placement are for the Company's operations, Nephrite project developments and general corporate purposes.

On June 24, 2015, Electra Stone Ltd. announced that it has amended its non-brokered private placement previously announced on May 21, 2015. The private placement is for 40 million units at a subscription price of five cents per unit to an individual subscriber for gross proceeds of $2-million.

The net proceeds of the private placement will be used to advance the Company's operations, and for general and corporate purposes.

The Company also announced that it has scheduled its 2015 annual general and special meeting for August 27, 2015, and will provide details in the coming weeks.

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