battery

Barrel Energy Signs MOU With American Lithium…

LAS VEGAS, March 04, 2021 (GLOBE NEWSWIRE) — Barrel Energy Inc. (the “Company” or “Barrel”) (OTC: BRLL) is pleased to announce it has signed a Memorandum of Understanding to enter a partnership with American Lithium Minerals, Inc (“AMLM”) (OTC:AMLM) for production facilities in North America.

As previously announced, on February 10th 2021, Barrel signed an exclusive agreement with Roshan Energy Technologies www.roshantechnologies.in/ (“Roshan”) that will allow for Barrel to become the majority stakeholder in Roshan and the expansion of its Lithium battery facilities in India. Roshan has developed an impressive line of Lithium Battery products for Electric Vehicles, Medical Equipment, Solar street lighting, the telecom industry as well as home energy storage solutions. Barrel and Roshan first plan to make a sizeable impact on the escalating small vehicle EV market in India, a country that has made ambitious policies towards the change to EVs. Roshan has already signed contracts to supply an assortment of manufacturers of two and three wheeled EVs.

Additionally, the Barrel-Rosha agreement allows for Barrel to establish a U.S. based manufacturing unit for key Roshan battery products and designs. The Barrel and AMLM MOU is designed to allow Barrel to have its first base for entry into U.S. based manufacturing and use new selective recycling technologies developed by Roshan team that offer both crucial waste-management and battery metal supply solutions.

The non-exclusive AMLM agreement calls for Lithium products to be pilot tested, manufactured and even recycled at one or more its industrial complexes. The technology, operations and products will be provided by Barrel through its agreement with Roshan Energy, as well as any technology sourced by AMLM.

The proposed first location by AMLM is within the heartland of U.S. manufacturing with nearby high population density, sufficient power, square footage and accessibility by rail, road, and water.

About American Lithium Minerals (OTC Markets AMLM) is engaged in mineral exploration for lithium and rare earth minerals (REE) in the southwest U.S and are active in Lithium Complexes, intended to process high-grade lithium ore, assemble lithium-ion batteries and recycle spent lithium-ion batteries.

About Barrel: Barrel Energy Inc., (OTC Markets: BRLL) is focused on several ventures within the energy and minerals sector and the rapid development of valuable production opportunities throughout North America.

www.BarrelEnergyandTech.com

Contact: Louis Silver, Investor Relations
1-610-710-1303
info@BarrelEnergyandTech.com

Forward-Looking Statements:

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Security and Exchange Commission.

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Barrel Energy Announces Entry into Share Purchase…

LAS VEGAS, Feb. 22, 2021 (GLOBE NEWSWIRE) — Barrel Energy Inc. (the “Company” or “Barrel”) (OTC: BRLL) is pleased to announce pleased to announce the execution of a Share Purchase Agreement (“SPA”) with Flote App Inc. (“Flote”), the designers of advance social media, virtual reality and cryptocoin platforms.

In consideration for the share purchase agreement, Barrel’s per share purchase price is based upon specific pre-market valuations of Flote and the Company will be entitled to acquire an aggregate of 45% equity into the cutting-edge company by way of two tiered tranches.

Flote are the creators of a massive new Social Network system built on respect for each user’s personal data, privacy and pocketbook. The all-encompassing Flote platform fully delivers on the internet’s promise of a wholly connected community without big tech censorship, murky guidelines, and infringement. On Flote, people can regain their privacy, express themselves freely, build communities, chat, text and earn digital money by engagement or providing valuable content. The powerful platform provides a valuable marketspace with multi-currency wallets and more ways for content providers and creators to monetize their goods and services, even including their content from third-party social applications like Facebook or Twitter.

Barrel’s first tranche of Common shares, equal to a 25% interest in the equity of Flote, is based upon a $10,000,000.00 (Ten Million Dollars) valuation; and the second tranche of Common shares of the Company, equal to a further 20% interest, is based upon a $30,000,000.00 (Thirty Million Dollars) valuation for Flote. Barrel has already executed and delivered the first portion of the initial 25% tranche.

As Flote ramps up its marketing and development it will move some operations into the Barrel Technology Center. Flote has also developed a cryptocurrency token based on the Ethereum blockchain which will be integral part of the entire Flote social ecosystem, fully able to support fast and autonomous business or personal monetary transactions.

Flote’s advanced factory of developers are also currently working on gaming systems with integrated online wallets within a Virtual Reality environment. Flote has now launched the website www.FloteFactory.com and can be followed on Twitter @floteofficial.

Barrel and Flote are currently planning real world applications for a digital coin that will be integral to the expanding green energy sector. The use of ‘Green Coin’ could serve as a boom to Lithium explorers, producers, exporters and importers that could rely on upon a powerful digital currency of trade that replaces the world of the Petro-dollar. Decentralized finance with digital tokens offers optimal flexibility and global use. The Barrel and Flote team up is committed to create a new ecosystem that would benefit green energy assets with a smart contract led liquidity pool that could bypass conventional finance instruments and the inflationary fluctuations of fiat currencies.

Barrel and Flote anticipate Flotes’ full public launch will be completed within Q2 of 2021 with shares trading on the U.S., Canada and Frankfurt exchange. Additionally, Barrel plans to adapt and dedicate its large hemp-acreage in California as a replacement battery recycling area from Nevada as there are potential farming by products from the technology and it is closer to a population of 9 million people.

About Barrel: Barrel Energy Inc., (OTC Markets: BRLL) is focused on several ventures within the energy and minerals sector and the rapid development of valuable production opportunities throughout North America.

Contact: Louis Silver, Investor Relations
1-610-710-1303
info@BarrelEnergyandTech.com

Forward-Looking Statements:

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Security and Exchange Commission.

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Barrel Energy Appoints Stuart Hensman to Board of Directors

LAS VEGAS, Feb. 16, 2021 (GLOBE NEWSWIRE) — Barrel Energy Inc. (the “Company” or “Barrel”) (OTC: BRLL) is pleased to announce the appointment of Mr. Stuart Philip Hensman to the Board of Directors effective immediately.

Mr. Hensman possesses both a Bachelor of Arts and Master of Science degree and has held a number of executive leadership roles setting investment strategy and corporate policies worldwide. He has occupied the position of Chairman & Chief Executive Officer for Scotia Capital Inc. (USA), as Managing Director (Equities) for Scotia Capital Inc (United Kingdom), Chairman of the Board of Governors at CI Funds, Chairman of Board of Creststreet Asset Management and Chairman of the Board of Creststreet Power and Income Fund.

In addition to chairing the above noted Boards, Mr. Hensman, has also chaired Audit, Compensation and Governance and Nominating Committees on number of other Boards where he served.

Craig Alford, CEO of Barrel Energy states, “We’re extremely pleased to welcome Mr. Hensman to the Barrel Energy. Mr. Hensman brings to our board a wealth of knowledge in global business, strategy development and regulatory oversight. We look forward to benefitting from his valuable counsel as we continue to grow Barrel.”

Mr. Hensman joins the Company at an exciting time of rapid expansion into a number of verticals within the critical aspects of the materials and tech for Electric Vehicles, battery performance, renewables and integrated devices. Collective technologies that will underpin this decades multi-billion-dollar market expansion toward zero carbon solutions.

About Barrel: Barrel Energy Inc., (OTC Markets: BRLL) is focused on several ventures within the energy and minerals sector and the rapid development of valuable production opportunities throughout North America and abroad.

Contact:
Harp Sangha/Chairman
+17025952247
harp@barrelenergyandtech.com

Forward-Looking Statements:

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Security and Exchange Commission.

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Barrel Energy to Provide Tech Space for Lithium Battery Recycling

LAS VEGAS, Jan. 28, 2021 (GLOBE NEWSWIRE) — Barrel Energy Inc. (the “Company” or “Barrel”) (OTC: BRLL) is pleased to provide an update on the company’s recent activities.

The CEO of Barrel Energy Mr. Craig Alford is, at this time, also assisting Altair International Corp. (ATAO: OTC) to develop ATAO’s prized lithium/rare earth and gold assets in Nevada. Mr. Alford was also the founder of American Battery Metals Corp. The Chairman of Barrel Energy, Mr. Harp Sangha and Mr. Alford are also the founders of Lithium Now.

Barrel Energy is aware that most analysts see an upcoming bull market for Lithium and other battery raw materials to feed the surging Lithium-ion battery supply chain and has made this is a strategic focus for the company.

Global demand for these key battery materials is expected to rise dramatically over this decade. The outlook for Lithium will outstrip production with global demand for Lithium expected to increase 650% by 2027. Market demand for Lithium has been predicted to be a staggering 470,000mt by 2025. Each 1% increase in new global Electric Vehicles sales could further increase Lithium demand by 70,000mt, nearly representing the total of last year’s annual production of Lithium.

Barrel has recently been in discussions with St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) (“St-Georges”) a Canadian public company engaged in the development of new Lithium extraction technologies regarding several sites for their Lithium processing technology centers within the southwest U.S.

Barrel is considering location sites with a specific eye toward cost efficiency and process permitting. Access to infrastructure, sufficient power, transport and nearby source material and demand are all factors for project viability. Our lead development site is situated on a roughly 30 acre property that is now zoned for industrial activities located in Nevada just 18.5 miles from the Tesla Gigafactory 1.

About Barrel: Barrel Energy Inc., (OTC Markets: BRLL) is focused on several ventures within the energy and minerals sector and the rapid development of valuable production opportunities throughout North America.

Forward-Looking Statements:

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Security and Exchange Commission.

Contact:
Harp Sangha,
Chairman
7025952247
Harp@barrelenergyinc.com

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