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Coloured Ties Announces RSU Grants and Targets North American Critical Minerals Government Grant Applications for Investee Companies
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2022) - Coloured Ties Capital Inc....
About this update from Coloured Ties Capital Inc
[{"type":"text","content":"Coloured Ties Announces RSU Grants and Targets North American Critical Minerals Government Grant Applications for Investee CompaniesVancouver, British Columbia--(Newsfile Corp. - November 14, 2022) - Coloured Ties Capital Inc. (TSXV: TIE) (\"CTI\" or the \"Company\") applauds recently announced US and Canadian based government grant programs to fund critical mineral projects across North America.In Canada, the federal government is restricting the involvement of foreign state-owned companies in Canada's critical minerals sector amid a global rush for the resources and growing tensions with China. https://www.cbc.ca/news/politics/ottawa-critical-minerals-plan-1.6634386In the US, President Joe Biden has invoked the 1950 Defense Production Act to expand the domestic mining sector, and the military received hundreds of millions of dollars to implement it. The United States military has been quietly soliciting applications for Canadian mining projects that want American public funding through a major national security initiative.https://www.cbc.ca/news/world/u-s-military-mining-projects-canada-1.6649522Coloured Ties Capital has begun a search to engage consultants to help its investee companies, and others at incubation stage to submit applications under these programs. Coloured Ties current critical mineral investment portfolio includes the following holdings as of November 11, 2022.Patriot Battery Metals Inc 1,964,200 common shares Hertz Lithium Inc (private company conducting an IPO on the CSE) 3,200,000 common sharesGraphite One Incorporated 135,000 common sharesQuebec Pegmatite Corporation (private company) 10,000,0000 common shares out of 11,000,000 common shares of Quebec Pegmatite Corporation that are outstanding. Quebec Pegmatite is considering various \"go public\" transactions.Coloured Ties is also conducting due diligence on other critical mineral investment opportunities.Coloured Ties is pleased to announce that it has granted an aggregate of 1,365,000 restricted share units (the \"RSUs\") to certain directors, officers, employees and consultants of the Company pursuant to the Company's fixed restricted share unit plan dated for reference July 1, 2019, as amended on April 24, 2020 and as further amended on August 18, 2022 (the \"Plan\"). The Plan was approved by the shareholders of the Company on September 23, 2022. The ...