Tag Archives: ITOCHU Corporation

NEWS: Kaizen Discovery Achieves Important Permitting Milestone at the Coppermine Project in Nunavut, Northern Canada

Jul 14, 2015

Kaizen Discovery (TSX VENTURE:KZD) announced today that the company’s plan for an expanded exploration program at its Coppermine Project in Canada’s Arctic territory of Nunavut has received a positive screening review by the Nunavut Impact Review Board.

The decision by the Nunavut Impact Review Board (NIRB), following its comprehensive review, means that final processing of the required permits for an expanded, multi-year exploration program may proceed. Kaizen’s existing permits cover an area of 350 square kilometres, that in light of the NIRB decision is expected to expand to encompass approximately 3,500 square kilometres.

Kaizen intends to focus this summer’s exploration campaign on district-scale, sediment-hosted, stratiform copper mineralization within the larger permit area. As part of this program, the company will implement its carefully developed Wildlife and Environmental Impact Mitigation Plan. Camp construction and mobilization of equipment and supplies are underway, with diamond drilling expected to commence later this month.

Also during this month, Kaizen will be hosting property tours at the Coppermine Project for executives of several Japanese corporations with the objective of selecting a project funding partner or partners. In addition to a detailed project review, potential partners will visit the Hamlet of Kugluktuk where they will meet members of the community and be introduced to Inuit culture and traditions.

“We are very encouraged by the Nunavut review board’s screening decision,” said B. Matthew Hornor, President and CEO of Kaizen.

“Since initiating the permitting process, we have worked diligently to engage with the community of Kugluktuk and the various agencies and organizations involved in the assessment and monitoring of the Coppermine Project. In the process, we’ve gained a deep appreciation for the concerns, customs and values of the people of Nunavut. In particular, we welcome the support that the project has received from the community of Kugluktuk, the Kugluktuk Hunters and Trappers Organization and the Kitikmeot Inuit Association.”

The NIRB decision may be viewed in the “Public Registry” at www.nirb.ca.

About Kaizen and the Coppermine Project

Kaizen is a Canadian mineral exploration and development company. Kaizen entered into a collaboration agreement with ITOCHU Corporation of Japan in January 2014 and has access to HPX TechCo’s proprietary, geophysical, Typhoon technology under a dedicated services agreement. Kaizen’s long-term growth strategy is to work with Japanese entities to identify, explore and develop high-quality mineral projects that have the potential to produce and deliver minerals to Japan’s industrial sector.

The 3,500-square-kilometre Coppermine Project contains 115 kilometres of strike of an easterly-trending belt of Meso-Proterozoic continental flood basalts (the Coppermine River Group) and unconformably overlying marine sedimentary rocks of Neo-Proterozoic age (the Rae Group). The belt has numerous showings and occurrences that demonstrate its prospectivity for two distinct deposit types: sediment-hosted stratiform copper-silver and structurally controlled, volcanic-hosted copper-silver.

More information on Kaizen and the Project is available at www.kaizendiscovery.com.

Full release

Kaizen Discovery: Canadian-Japanese partners eye promising copper project in western Nunavut

NunatsiaqOnline, Apr 15, 2015

copperrock

“We think we have a great start at building something terrific”

There’s something a little different about a new copper-silver project near Kugluktuk.

This doesn’t come as a surprise because Matthew Hornor, president and CEO of a company called Kaizen Discovery, confided “our dream was to do things different” during an April 14 presentation to the Nunavut Mining Symposium in Iqaluit.

“Kaizen,” by the way, means continuous improvement in Japanese, a language that Hornor, who has a long-time relationship with Japan, speaks fluently.

Kaizen Discovery’s Coppermine project is one of two Nunavut mining projects with Japanese partners — the other being Areva Resources Canada’s Kiggavik uranium project whose minority partners include Japan-Canada Uranium Co. Ltd. and Daewoo International Corp.

Kaizen’s Coppermine copper-silver project, acquired last November, is also a newcomer to the western Nunavut mining scene.

Hornor said he’s reluctant to make promises until the company is sure the resources are there to support a large copper-silver mine project.

But this fledgling project has a few things that make it stand out among the slow-starting, stalled or failed mining projects in Nunavut’s Kitikmeot region.

Those include MMG’s ambitious Izok corridor project, now in limbo because it couldn’t find partners, especially government ones, to help pay for a port, airport, road, and microwave broadband system.

The Coppermine project, in contrast, has access to money — enough to build the $270-million port and most of the other basic infrastructure it would need for a future mine.

That’s because of the connection between Tundra Copper Corp. and Kaizen Discovery.

Kaizen’s partners include Itochu Corp. in Japan, a major trading house company worth $20 billion which is always on the lookout for resources to feed Japan’s hungry automotive and electronic industries.

Second, the Coppermine project’s property looks great with high-grade, large tonnage potential copper-silver deposits — and it’s located only five kilometres from a possible port and close to the town of Kugluktuk, which lies only 35 km from the centre of the claim.

“We think we have a great start at building something terrific,” Hornor told Nunatsiaq News.

Whatever his company does on the new property, Hornor said it will be done in close and respectful collaboration with the people of Kugluktuk.

Asked why he’s so optimistic about the Coppermine project’s future when other mining projects based in the mineral-rich Kitikmeot region haven’t yet managed to move from development to production, Hornor said the key to getting any mining project off the ground is to have a solid deposit.

And then you must find partners with “large shoulders,” such as Itochu, to sustain the project during its costly development and construction period.

Another plus for the Coppermine project — it’s not far from a future port on the Coronation Gulf, so the mine wouldn’t need the kind of 325-km all-season road needed by MMG for its badly ailing Izok Corridor mine complex, whose fuel supplies Kaizen have acquired for its planned Hope Lake camp.

Also in the Coppermine project’s favour: its location along a direct shipping route to Asia, which, Hornor said, has the potential to “open the Kitikmeot [region of Nunavut] to growth.”

The unexploited resources of Nunavut, and the big promise of the Coppermine project, drew Norihiro Yamaji to the symposium.

He’s the Vancouver-based deputy general manager of Japan Oil Gas and Metals National Corp., a well-financed state agency that seeks projects to invest in and then turn over to private industry.

Norihiro Yamaji, deputy general manager of the Japan Oil, Gas and Metals National Corp., and Matthew Hornor, president and CEO of Kaizen Discovery, look over mine project materials at the Frobisher Inn in Iqaluit April 14 during the Nunavut Mining Symposium. (PHOTO BY JANE GEORGE)
Norihiro Yamaji, deputy general manager of the Japan Oil, Gas and Metals National Corp., and Matthew Hornor, president and CEO of Kaizen Discovery, look over mine project materials at the Frobisher Inn in Iqaluit April 14 during the Nunavut Mining Symposium.

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NEWS: Kaizen Discovery and Tower Resources Terminate Negotiations

Mar 30, 2015

Kaizen Discovery (TSX VENTURE:KZD) and Tower Resources Ltd. (TSX VENTURE:TWR) announced today that they have elected not to proceed with the proposed transaction, previously announced on February 2, 2015, that would have seen Kaizen acquire 100% of the outstanding common shares of Tower.

About Kaizen Discovery
Kaizen is a Canadian technology-focused, mineral exploration and development company. Kaizen entered into a collaboration agreement with ITOCHU Corporation of Japan in January 2014 and has access to HPX TechCo’s proprietary geophysical Typhoon technology under a dedicated services agreement. Kaizen’s long-term growth strategy is to work with Japanese entities to identify, explore and develop high-quality mineral projects that have the potential to produce and deliver minerals to Japan’s industrial sector. More information on Kaizen is available at www.kaizendiscovery.com.

Full release

Kaizen Discovery (TSXV: KZD) Offers Investment Dollars, with the Help of a Japanese Business Partnership, for Undervalued Mining Properties

MetalNews.com, Mar 2, 2015

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Matthew Hornor, President and CEO of Kaizen Discovery (TSX: KZD), spent some time with Metals News to discuss his company’s business model and the innovative way they have chosen to enter the mining industry.

Mr. Hornor said, “Our stated business purpose is to seek out high quality, undervalued opportunities in a troubled mining sector and partner with one or more Japanese trading houses. We came into this about a year and a half ago.” Matthew Hornor brings to the company a long background in business and law. He said, “My background is as a corporate finance lawyer. I spent a lot of time in Japan, speak the language and lived there. It has always been a passion of mine to be attached to that country in some way. I like their ethics and their approach.”

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During his time in Japan, Mr. Hornor built relationships with a group of business owners that were looking for opportunities. He said, “I have been a part of a collective group of companies for about a decade. I have helped many of these companies obtain financing. In one financing I led, we raised approximately $300 million from a consortium of Japanese investors for Ivanhoe’s Plantreef project in South Africa.” This experience led him to his current business model. Mr. Hornor said, “The idea is to take advantage of the buyer’s market and be able to advance projects in a tough cycle when there aren’t a lot of investors. We can put up investment dollars – that’s the difference.”

Matthew Hornor has used his experience in Japan to build Kaizen Discovery. He said, “The Japanese companies that we work with are primarily trading houses. They are looking for offtake to provide to their dealers, like Nissan and Toyota. In 2014, we entered into a strategic partnership with one of the trading houses, ITOCHU Corporation. ITOCHU invested $5 million for a 6% interest in the company. We also found Tundra Copper, an exploration company with a high-quality copper project and acquired it last year. We expect that our Japanese partners will provide funding to explore the Tundra ground. We also are taking a hard look at Tower Resources in BC. We are in an exclusive negotiation period with them right now.”

Using the leverage of the trading houses allows Kaizen Discovery to take on more projects in the mining sector. Mr. Hornor said, “You can look at us as a P/E fund. We have a decent treasury with access to additional funding from our Japanese partners. We think it is a winning model. No one has ever done it this way before. It requires a few key ingredients. You have to have a track record where you can raise money in Japan and a reputation that will allow you to get in front of them. You need M&A and mining experience, but most importantly, you need to have developed trust.”

This level of trust has allowed Mr. Hornor to work quickly to build up Kaizen Discovery’s assets. He said, “We are finalizing a drilling program in New South Wales in Australia. We anticipate finalizing the Tower Resources deal and obtaining the support of our Japanese partners during the second quarter of this year. We are also looking at interesting projects in South America that are shovel-ready with defined resources. We have been looking at South America for a while. After Tower Resources, we will look closely at prospects in Chile and Brazil.”

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*Projected work programs may change following meetings with financing partner

Geographically, Kaizen Discovery works as close to Japan as possible. Mr. Hornor said, “We are focused on the Pacific Rim because it is easier for the Japanese to be comfortable with in regions with less political risk. David Broughton is our Executive VP of Exploration. David will be receiving an award at PDAC for his work with Ivanhoe Mines in the discovery of the incredible Kamoa copper deposit in the Democratic Republic of Congo. We believe we have a project that looks a lot like Kamoa with similar geology and rock age. Because of David’s expertise, he was the ideal choice for running the exploration program on our Coppermine project.” In addition to Mr. Hornor, who travels to Japan about ten times per year, Kaizen Discovery also has managers in country. Mr. Hornor said, “We have a team in Tokyo that runs the Tokyo office. They stay in contact with our trading and industry partners.”

Investors who are looking for an innovative investment model may want to do some further research on Kaizen Discovery. Mr. Hornor said, “We acquired Concordia – 85% of that – and now we are sitting at about 160 million shares. Most of that is held by HPX Techco, which is a privately-held, Robert Friedland-backed investment company. Our share structure is not bad at all. About 50 million shares are publicly traded.” Who is an ideal candidate to invest in Kaizen Discovery in Mr. Hornor’s mind? He said, “If somebody wants to play the buy low, sell high market here and they want to back a group that has a proven track record of finding and building mines, that is exactly what we offer. We have a very strong team that has done this before. We have unique access to funding from Japan and we have large investors that protect the stock and prevent dilution. We have embedded strategic partners from day one. We also have geophysics tools that enable deeper prospecting than most. That gives us a decided advantage in areas such as Chile where it is hard to complete drilling or where you are drilling blind. In a tough market, we can find resources with our advanced technology. In my opinion, such a combination provides very little downside and an unlimited upside potential”.

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http://www.kaizendiscovery.com

Office

Kaizen Discovery

World Trade Centre

654-999 Canada Place

Vancouver, BC V6C 3E1

Canada

Phone: +1 604 669-6446

Email: info@kaizendiscovery.com

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NEWS: Kaizen Discovery and Tower Resources Extend Period of Exclusive Negotiations

Feb 27, 2015

Kaizen Discovery (TSX VENTURE:KZD) and Tower Resources Ltd. (TSX VENTURE:TWR) announced on February 2, 2015 that they entered into an Exclusivity Agreement as an initial step towards a proposed transaction which would see Kaizen acquire 100% of the outstanding common shares of Tower in an all-share transaction. The parties have agreed to extend the exclusivity period from March 15, 2015 to March 30, 2015 in order for both companies to complete their due diligence.

For more information on the proposed transaction, please refer to Kaizen’s February 2, 2015 news release available at www.kaizendiscovery.com.

About Kaizen Discovery

Kaizen is a Canadian technology-focused, mineral exploration and development company. Kaizen entered into a collaboration agreement with ITOCHU Corporation of Japan in January 2014 and has access to HPX TechCo’s proprietary geophysical Typhoon technology under a dedicated services agreement. Kaizen’s long-term growth strategy is to work with Japanese entities to identify, explore and develop high-quality mineral projects that have the potential to produce and deliver minerals to Japan’s industrial sector.

Full release