First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) (the "Company" or "First Tellurium"), reports that a work crew is mobilizing for further investigation of potential copper porphyry systems at the Deer Horn Project in west-central British Columbia. Deer Horn is located 36 kilometers south of Imperial Metals' Huckleberry open pit copper mine and Surge Copper's Ootsa-Berg project.
The program, expected to begin before Labor Day, is led by Dr. Lee Groat of the University of British Columbia. Dr. Groat is a Professor at UBC's Dept. of Earth and Ocean Sciences and a former NATO Postdoctoral Fellow at Cambridge University.
"Dr. Groat's team will follow up on three copper showings first discovered at Deer Horn in 2012," said FTEL CEO Tyrone Docherty. "As reported in our latest PEA, the showings were indicative of a copper porphyry system hidden from previous explorers due to glaciation. With the glaciers receding, we now have extensive new ground to explore with untapped potential."
The May 2018 PEA noted that bulk-tonnage, porphyry-style copper-silver mineralization and associated alteration was discovered north of the Deer Horn adit. Another new area of anomalous copper-gold mineralization was discovered along ridge crests northwest of Kenney Lake. The extent of both discoveries remains open and unknown at this time.
The copper showings are located about one kilometer west-northwest of the known Te-Ag-Au resource zone and also northeast of the resource. Prospecting of these showings will include use of portable spectrometer, which can greatly enhance identification and measurement of mineral systems.
"A copper porphyry system would add significant value to the Deer Horn Property's mineral mix," said Docherty. "While we've long focused on the tellurium-silver-gold zone, Dr. Groat has always championed the potential of other metals on the property. It's important to remember that Deer Horn covers more than fifty-one square kilometers, most of it unexplored."
The area around the Huckleberry Mine and Surge Copper's Ootsa-Berg project is being recognized as one of the province's most exciting emerging copper districts with significant untapped exploration potential. Recent discoveries by Surge Copper have added to interest in the region.
"Both copper and tellurium are critical for new battery technology," said Docherty. "New advances in lithium-tellurium (Li-Te) batteries show great promise for efficiency, safety and battery life, while copper is essential for development of electric vehicles. We feel the Company is well positioned to capitalize on both trends."
The Company also announces that it has granted 100,000 incentive stock options to a consultant of the Company, exercisable at a price of $0.19 per share for a period of 10 years.
Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.
Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.
First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .
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First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) (the "Company" or "First Tellurium"), reports that the Company's Strategic Partner Fenix Advanced Materials of Trail, BC, has provided additional funding to the University of British Columbia Okanagan (UBCO) to advance research and development of solid-state, lithium-tellurium batteries. The new batteries are designed to increase performance and stability specifically for powering electric vehicles. UBCO, home to over 11,562 undergraduate and graduate students, is a renowned research and innovation hub situated in British Columbia's Okanagan Valley.
As reported in First Tellurium's March 9 , 2022 news release, UBCO, in cooperation with Fenix, has developed a lithium ion tellurium battery that could meet a number of performance and safety needs for the EV battery market. Tellurium can extend lithium battery life up to 400% and in some cases hold ten times the charge (as reported January 26, 2022 ). The advanced and patented product is nearing commercial production. A recent Global News cast on the technology can be viewed here .
"Considering the Biden administration's recent commitment to provide nearly three billion dollars to boost production of advanced batteries, development of the lithium-tellurium battery is timely," said First Tellurium CEO Tyrone Docherty. "At the same time, Canada is developing its own Critical Minerals Strategy , backed by a commitment approaching four billion dollars in 2022, to address the need for metals like tellurium for advanced battery technology."
The UBC program, led by the UBC Okanagan Principal's Research Chair in Energy Storage Technologies Dr. Jian Liu, represents an important step toward building a battery supply chain locally while strengthening Fenix's international position in the growing battery market.
"This partnership with UBCO has played a key role in helping to uncover some exciting innovations in new battery technology and other clean technology solutions," said Fenix Founder Don Freschi. "We are thrilled to take this next step." Mr. Freschi also sits on First Tellurium's Advisory Board.
Fenix is supplying the pure tellurium required for UBCO's battery development. Tellurium has high electrical conductivity and a high volumetric capacity—meaning it can help create small, but powerful batteries. The collaboration with Fenix will ensure Dr. Liu and his team have the materials to conduct their research.
Under the Fenix-FTEL Strategic Partnership, First Tellurium plans to supply Fenix with tellurium from the Company's Deer Horn Project in west-central BC, situated south of Imperial Metals' Huckleberry Mine. First Tellurium is the only junior mining company focused on exploring for and supplying tellurium, and the Deer Horn Project represents North America's only tellurium-silver-gold property with an NI 43-101 compliant tellurium resource.
Said Docherty, "Fenix is a leader in supplying ultra-pure critical metals like tellurium to industry. They're well-positioned to benefit from the world's push to move away from fossil fuels."
Presenting at the NAI 500 Resource Conference First Tellurium also reports that it will be presenting at the NAI 500 GCFF Global Resource Investment Conference , September 24th, 2022 at the Richmond Sheraton Hotel. GCFF is pleased to announce the return to in-person attendance for the first time since the pandemic.
FTEL's New Website, Presentation and Video We are also excited to announce the launch of our new website , where you'll find information about our company and properties. In addition, we have also released a new animated pitch deck, which you can find here . This presentation provides an overview of our business and future opportunities. Finally, we have also released a new explainer video, which you can find here . This video dives into the details of our properties and how they can benefit First Tellurium Investors.
Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.
Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.
First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .
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First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) (the "Company" or "First Tellurium"), reports that it has secured Canadian Remote Drilling Services ("CRDS") of Maple Ridge, BC and Las Vegas, Nevada to conduct exploration drill campaigns at both the Klondike tellurium-gold project in Colorado and the Deer Horn tellurium-gold-silver project in British Columbia.
FTEL's immediate focus is at the Deer Horn Project, while the Klondike campaign is expected to launch later this year.
"Canadian Remote Drilling, led by Phil McLean, is a highly-regarded operator with over forty years of experience worldwide," said First Tellurium President and CEO Tyrone Docherty. "We're fortunate to have secured their services, especially considering the tight market for quality drilling companies."
Docherty noted that CRDS also manufactures leading edge drills used by a number of major mining companies. "Considering CRDS' experience, technical know-how and track record, we're confident that the program will be managed efficiently and professionally. We look forward to working with Mr. McLean and his team."
Drilling at the Colorado Klondike property will follow up on high-grade showings of both tellurium and gold identified through exploration by First Solar Inc. as part of their tellurium exploration initiative in the mid-2000s. During that time, First Solar performed geophysics, sampling, drill targeting, and permitting at Klondike. Following a corporate mandate to terminate their exploration initiative and source tellurium through open markets, First Solar dropped Klondike prior to drilling the identified targets. The property was then acquired by FTEL's Colorado Project Manager John Keller, P.Geo, who had managed Klondike exploration for First Solar. Mr. Keller, along with others who worked for First Solar at Klondike, will direct the upcoming drill program for FTEL.
As reported in the 2015 Colorado Mineral and Energy Industry Activities 2014-2015 publication, surface sampling by First Solar in 2006 found very high tellurium grades of up to 3.3% (33,000 ppm), along with locally high gold grades. The report noted that Tellurium grades at Klondike were the highest encountered in the First Solar's nationwide exploration program.
"With the growing focus on critical metals for green energy, the Klondike Property really stands out for its high-grade tellurium showings," said Docherty. "There's a good reason First Solar wanted Klondike to help supply tellurium for their cadmium-telluride solar panel production. They completed a lot of high-quality exploration, from which we're now benefitting."
Near-term drilling at the Deer Horn Project, located south of Imperial Metals' Huckleberry Mine and Surge Copper's Ootsa-Berg Project, is expected to focus on the copper porphyry showings reported in FTEL's August 23 news release. The objective is to gain a better understanding of potential porphyry systems related to these targets.
Drilling at Deer Horn in 2023 is targeted to further evaluate the known Te-Ag-Au resource, as recommended in the 2018 Preliminary Economic Assessment.
"We're very excited about taking these next steps at Deer Horn and learning more," said Docherty. "The copper targets span a very large area, and the current identified tellurium, silver and gold resource occupies only 450 meters of a 2.4 kilometer-long surface expression."
In a 2012 presentation to the International Minor Metals Conference in Cologne, Germany, First Solar identified Deer Horn as one of the world's top four primary tellurium properties, comparing Deer Horn to projects in China, Mexico and Sweden.
"Combining the drill campaigns on both properties, including current copper porphyry investigations underway at Deer Horn, we expect an active exploration pipeline over the coming 12-18 months," said Docherty. "We look forward to sharing news and results with our shareholders."
Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.
Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.
First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .
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First Tellurium Corp. (CSE: FTEL) (the "Company" or "First Tellurium"), reports that the Company is finalizing upcoming work programs for both its Deer Horn Project in British Columbia and Klondike Project in Colorado. Exploration will focus initially on the Deer Horn Property, with work expected to begin in September.
"Work at Deer Horn will concentrate on the copper porphyry showings detailed in our latest PEA," said FTEL CEO Tyrone Docherty. "While Deer Horn supports one of the world's only NI 43-101 qualified tellurium-silver-gold resources, past prospecting has revealed significant potential for copper porphyry mineralization outside of the known resource area."
Docherty added that, with the world's increasing focus on green metals, especially with new programs from the United States in support of domestic critical metals production, First Tellurium is strategically positioned to help meet this demand.
"First Tellurium has long been recognized as the leading tellurium-focused junior miner," said Docherty. "However, with the surging need for copper for electrification, we're seeing renewed interest in the Deer Horn property's copper potential."
Deer Horn's May 2018 Preliminary Economic Assessment noted that copper showings there may be evidence of a largely hidden porphyry copper systems. Samples collected from this zone produced results as high as 4240 ppm Cu and 6.6 g/t Ag. This new copper porphyry potential adds further exploration value to the property.
The copper showings are located about one kilometer west-northwest of the known Te-Ag-Au resource zone and also northeast of the resource.
Said Docherty, "More and more, this district that includes the Huckleberry Mine and Surge Copper's Ootsa-Berg project, is being recognized as one of the province's most exciting emerging copper districts."
In a recent news release, Surge Copper CEO Leif Nilsson noted that "…this district has significant untapped exploration potential and could one day be among the largest copper districts in Canada."
In Colorado, First Tellurium's exploration at the Klondike Project will focus on drilling the property's significant tellurium potential. Surface sampling by First Solar, Inc. in 2006 found very high tellurium grades of up to 3.3% (33,000 ppm) at Klondike, along with locally high gold grades. Tellurium grades at Klondike were the highest encountered in the company's nationwide exploration program.
Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.
Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.
First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .
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First Tellurium Corp. (CSE: FTEL) (the "Company" or "First Tellurium"), announces it has entered into an agreement for engagement of corporate consulting services (the "Agreement") with Dutchess Group LLC ("Dutchess") to provide corporate communications services. Services will include dissemination of public company materials and social media management.
Under the terms of the Agreement, Dutchess will be engaged for an initial term of 3 months at a rate of $15,000 per month. Upon review following the initial three-month period, the Company and Dutchess will discuss continuance of the contract.
Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.
Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.
First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .
News Provided by GlobeNewswire via QuoteMedia
First Tellurium Corp. (CSE: FTEL) (the "Company" or "First Tellurium") has retained Independent Trading Group ("ITG") to provide market-making services. ITG will trade shares of the Company on the Canadian Securities Exchange to maintain an orderly market, improve liquidity in the trading of the Company's shares and provide the Company with market intelligence.
Under the terms of the Agreement, ITG will receive $5,000 per month and will be engaged on a month-to-month basis. The Company and ITG are unrelated entities. ITG has no present, direct or indirect interest in the Company or its securities. There are no performance factors in the agreement, and ITG will not receive either shares or options as compensation. ITG is a member of the Investment Industry Regulatory Organization of Canada ("IIROC") and can therefore access all Canadian stock exchanges and alternative trading systems.
The Company also announces that a voluntary symbol change has been approved and processed by FINRA. Effective July 15, 2022, the Company's shares will trade under the symbol "FSTTF".
Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.
Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.
First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .
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September 8, 2022 Nexus Gold Corp. (" Nexus Gold " or the " Company ") (TSXV:NXS ) ( OTCQB:NXXGF ) ( FSE:N6E) is pleased to announce that it has received court approval by way of a final order granted by the Supreme Court of British Columbia for the completion of its arrangement (the " Arrangement ") involving the spinout of Nexus Metals Corp. (" Nexus Metals ") and its Canadian resource projects to shareholders.
In anticipation of completion of the Arrangement, the Company has transferred all of its rights to the Canadian projects to Nexus Metals. A total of 45,390,465 shares of Nexus Metals will be distributed on a pro rata basis to shareholders of the Company, pursuant to the Arrangement. Based on the current outstanding share capital of the Company, it is anticipated that this will result in Nexus Gold shareholders receiving approximately one Nexus Metals share for every seven shares of the company they hold. Completion of the arrangement remains subject to approval of the TSX Venture Exchange.
The Company shall in due course determine the record date for the purpose of determining the Nexus Gold shareholders entitled to receive Nexus Metals shares under the Arrangement. A letter of transmittal will in due course be mailed to each Nexus Gold shareholder and be made available under Nexus Gold's profile on SEDAR.
Further information regarding the Arrangement is available in the Company's management information circular dated June 7, 2022, a copy of which is available under the Company's profile on SEDAR ( www.sedar.com ).
"This was an important step in moving our plan forward," said CEO, Alex Klenman. "We'll establish the record date for determining the new shareholders in Nexus Metals over the next week or two, with the intent to have that record date occur here in the month of September. Basically, the amount of shares of Nexus Gold owned on that record date will determine the amount of shares one receives in the new company. We're more than eager to get this spinout completed and move forward with two viable exploration companies with very specific mandates. We will issue more updates as we progress, including upcoming exploration plans," continued Mr. Klenman.
The Company also advises it is continuing with its due diligence process in regard to the acquisition of one or more projects for both Nexus Metals and Nexus Gold. The Company is focused on adding energy/battery metals (i.e., lithium, lopper, nickel, etc) projects to Nexus Metals, while continuing to focus on precious metals (gold, silver) projects in Nexus Gold. Project portfolios of Nexus Metals and Nexus Gold will be adjusted over time to reflect the more specific focus of each company.
Nexus Hires Milad Zareian as VP, Operations
The Company is also pleased to announce that Milad Zareian has been appointed Vice President, Operations. Mr. Zareian brings over 10 years experience working with both private and public companies in a variety of capacities. He's been directly involved with IPO, RTO and start-ups, having led financing, IR and business development initiatives for multiple companies.
"We're pleased to bring Milad on board," said CEO, Alex Klenman. "He has energy, drive, and has built an impressive global contact list, all of which will benefit Nexus Gold moving forward. The board looks forward to working with Milad over the coming months as we complete the spinout transaction for Nexus Metals and as we position Nexus Gold for its post-spinout plans," continued Mr. Klenman.
Nexus Gold is a Canadian-based gold exploration and development company with an extensive portfolio of projects in Canada and West Africa. The Company's primary focus is on its 100%-owned, Dakouli 2 Gold Concession in Burkina Faso, West Africa, and the McKenzie Gold Project, located in Red Lake, Ontario. The Company is focusing on the development of its core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its portfolio.
For more information, please visit nxs.gold
On behalf of the Board of Directors of
info@nexusgoldcorp.com www.nexusgoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
Copyright (c) 2022 TheNewswire - All rights reserved.
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NV Gold Corporation (TSXV:NVX) (OTC PINK:NVGLF) ("NV Gold" or the "Company") is pleased to announce its intended plans for the 2022-2023 exploration and drilling program for its six highest priority projects in Nevada. The Company has secured a drill rig and has initiated drilling at its Sandy Project
Additionally the Company is in the process of completing a detailed strategic analysis and field investigation of the 31 targets identified by Goldspot Discoveries Corp's ("Goldspot") review of NV Gold's Data Library using its proprietary AI technology (see press release dated August 11, 2022 on the Company's website at www.nvgoldcorp.com). This review is intended to identify longer term prospective projects to continuously add to NV Gold's project pipeline. NV Gold holds one of the largest, most prolific land packages in Nevada, arguably the best gold mining jurisdiction in the World.
Highlights of the exploration programs by project are as follows:
Thomas Klein, VP Exploration commented, "I am excited about the exploration program we have in front of us. For the past two years, it has been challenging to engage drill rigs in Nevada with qualified teams. We are fortunate to have recently engaged Envirotech to commence our 2022-2023 exploration program. We have priority targets on several projects and expect significant field activity with respective news flow over the course of the next several months. I am optimistic that we could have several significant discoveries. Additionally, the targets identified by Goldspot provides a portfolio of high potential targets to add to our already large land package in Nevada."
John Seaberg, NV Gold's Chief Executive Officer added, "NV Gold is at a pivotal juncture in its evolution. We have amassed a significant portfolio of high priority gold properties in Nevada and are excited to test their potential, many of which have never been drilled before. We will be very active over the course of the next several months as we begin to unlock the hidden value of these properties.
Diagram one- Project Landing Page
About NV Gold Corporation NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on making significant gold discoveries in Nevada through well-planned and executed exploration activities. The Company aims to quickly evaluate and advance mineral opportunities to drill-ready stage utilizing its widely recognized and experienced technical team and its extensive historical data.
On behalf of the Board of Directors,
John Seaberg Chief Executive Officer
For further information, visit the Company's website at www.nvgoldcorp.com or contact:
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's identification of new target areas, the potential of these targets, the timing and extent of exploration activities and the anticipated outcome, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the extent to which mineralized structures extend on to the Company's Projects, the extent to which other promising geological features predict mineral deposits and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
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ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has acquired by staking the Hydra Lithium Project ("Hydra", or the "Project") in the James Bay region of northern Quebec, Canada. Hydra consists of 306 mineral claims in four sub-projects totalling 15,837 hectares (39,134 acres), located in a world-class lithium exploration district that hosts several significant lithium-cesium-tantalum ("LCT") type pegmatites. Hydra is 100%-owned by ALX with no applicable royalties and the newly-staked claims are in good standing until September 2025.
Highlights of ALX's Hydra Lithium Project
ALX's Hydra Lithium Project Claims in the James Bay Region, Quebec
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3046/136347_044484c1e4299b15_001full.jpg
"Lithium exploration is a natural extension of our pursuit of energy metals in Canada," said Warren Stanyer, CEO and Chairman of ALX. "For a qualified Canadian exploration company, Quebec is one of the most attractive mining jurisdictions in the world. ALX has the opportunity to carry out site visits to Hydra in October 2022 and we are moving quickly to execute a prospecting program with the goal of locating lithium-bearing pegmatites at Hydra."
ALX is compiling geophysical and geochemical data from historical exploration and integrating remote imagery to identify prospective areas. A site visit to ground-truth the Company's interpreted geochemical targets for lithium anomalies is planned in October 2022. Additional work may include high-resolution airborne magnetic and radiometric surveys together with follow-up geochemical surveys in 2023 across the highest-priority areas in order to locate lithium-bearing pegmatite dykes and sills and optimize potential drill targets.
To view maps and further information on Hydra, visit our website at: https://alxresources.com/hydra-lithium/
Hydra consists of four sub-projects totaling 15,837 hectares (39,134 acres) known as Volta (4,806 ha.), Echo (5,537 ha.), Nike (2,056 ha.), and Sprite (3,438 ha.), all located within a fertile mineral exploration district measuring approximately 250 kilometres (north-south) by 400 kilometres (east-west) that is known to host the following existing lithium deposits:
The technical information in this news release has been reviewed and approved by John Charlton, P.Geo., a consultant to ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.
Geostatistics from lithium deposits in the James Bay region quoted in this news release were taken directly from publicly-available disclosure. Management cautions that historical results were collected and reported by operators unrelated to ALX and have not been verified nor confirmed by its Qualified Person, but create a scientific basis for ongoing work in the Hydra project area. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX's mineral properties.
ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".
ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, lithium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 220,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.
ALX's uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project,the Sabre Uranium Project and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project (a joint venture with Uranium Energy Corporation and Orano Canada Inc.), and a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) as operator of exploration since 2016.
ALX owns 100% interests in four lithium exploration properties staked in September 2022 collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada.
ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying VeeNickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two stages), and in the Draco VMS Project in Norway.
For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com
On Behalf of the Board of Directors of ALX Resources Corp.
Warren Stanyer, CEO and Chairman
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include: ALX's 2022-2023 exploration plans at the Hydra Lithium Project, and ALX's ability to continue to expend funds at that project. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration on our exploration projects, including drilling; our initial findings at our exploration projects may prove to be unworthy of further expenditures; commodity prices may not support further exploration expenditures; exploration programs may be delayed or changed due to any delays experienced in consultation and engagement activities with First Nations and Metis communities and the results of such consultations;and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop our projects, and even if uranium, lithium, nickel, copper, gold or other metals or minerals are discovered in quantity, ALX's projects may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2022, which is available under the Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136347
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Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) is pleased to report positive drill results from its ongoing drill program at its Parral project in the State of Chihuahua, Mexico. The high-grade silver results show the potential for resource expansion at depth and along strike in the El Verde and Sierra Plata Deep areas along the Veta Colorada structure. Since April of this year, the Company has drilled over 5,300 meters in 23 holes, totaling 8,100 meters year to date, with the aim to define and extend mineralized zones.
Considerable exploration potential remains along the 35 square kilometre land package and exploration will be on-going, with additional testing for new discoveries with surface mapping and sampling underway. This program will aid the Company's goal to define a mineral resource large enough to support a preliminary economic assessment.
Highlights from Recent Drill Results
Abbreviations include: gpt: grams per tonne; Ag: silver; Pb: lead; Zn: zinc; ETW: estimated true width; m: metre; HW: hanging wall. Silver equivalents are calculated using a silver price of $22 per troy ounce, lead price of $0.90 per pound and zinc price of $1.20 per pound.
"In the areas of the El Verde and Sierra Plata historically mined areas, we continue to verify extensions of the mineralized zones at depth and along strike," stated Dan Dickson, Chief Executive Officer. "The focus for the rest of the year will be to test the northern part of the project with a surface drilling program on various north to south striking structures, such as the northern extension of Veta Colorada, San Alberto and the El Cabezón systems; as well as resuming drilling of the San Patricio vein."
The Parral drill results are summarized in the following tables:
Parral - Veta Colorada El Verde (view Veta Colorada (El Verde) longitudinal section )
Parral - Veta Colorada Sierra Plata Deep (view Veta Colorada (Sierra Plata) longitudinal section )
Qualified Person and QA/QC – Dale Mah, P.Geo., Vice President Corporate Development of Endeavour Silver, is the Qualified Person who reviewed and approved the technical information contained in this news release. A quality control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples are split at the local field office and shipped to ALS Labs, where they are dried, crushed, split and 250 gram pulp samples are prepared for analysis. Gold is determined by fire assay with an atomic absorption finish and silver by aqua regia digestion with ICP finish, over-limits by fire assay and gravimetric finish.
About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States to facilitate its goal of becoming a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.
Contact Information Galina Meleger, VP, Investor Relations Email: gmeleger@edrsilver.com Website: www.edrsilver.com
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Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding future prospects of the Company's mines and projects. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the ultimate impact of the COVID 19 pandemic on operations and results, changes in production and costs guidance, national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development and risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties; as well as those factors described in the section "risk factors" contained in the Company's most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued exploration and mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management's expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
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September 7, 2022 TheNewswire - Vancouver, British Columbia, Canada - Jazz Resources Inc. (TSXV:JZR) (OTC:JZRIF) (the " Company " or " JZR ") is pleased to announce that it intends to proceed with a corporate rebranding and to change its name to "JZR Gold Inc." (the " Name Change "). The Company does not intend to change its trading symbol. The Name Change is subject to TSX Venture Exchange (the " Exchange ") approval and the Company will provide further updates regarding the Name Change, including the effective date.
The Company further announces that it intends to undertake a non-brokered private placement offering (the " Offering ") of up to 2,000,000 units (each, a " Unit ") at a price of $0.65 per Unit, to raise aggregate gross proceeds of up to $1,300,000. Each Unit will be comprised of one common share (each, a " Share ") and one share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder to acquire one additional common share (each, a " Warrant Share ") of the Company at an exercise price of $0.80 per Warrant Share for a period of 12 months after the closing of the Offering, whereby the expiry date of the Warrants may be accelerated in the event the daily trading price of the Shares equals or exceeds $1.20 on the Exchange (or such other exchange on which the Shares may be traded) for 15 consecutive trading days. Upon such an event, the Company may accelerate the expiry date of the Warrants by giving notice via news release to the holders thereof and, in such case, the Warrants will expire on the 30th day after the date on which the news release is disseminated by the Company.
The Company may pay a finder's fee to certain registered brokerage firms, which fees would be comprised of a cash payment equal to 6% of the subscription funds received by the Company from subscribers introduced by such brokers and the issuance of non-transferable compensation warrants (the " Compensation Warrants ") equal to 6% of the number of Units purchased by subscribers introduced by such brokers. Any Compensation Warrants will be issued on substantially the same terms and conditions as the Warrants. The Units, Shares, Warrants, Compensation Warrants, Warrant Shares and any Shares issued upon the exercise of the Compensation Warrants will be subject to a hold period of four months and one day from the closing date of the Offering.
The Company will use the net proceeds from the Offering for working capital purposes and to advance the development on the Vila Nova gold project located in the state of Amapa, Brazil, specifically, to finish testing the 800 tonne / per day mill and to begin bulk sampling at the Vila Nova Gold Project in the fourth quarter of 2022. Closing of the Offering is expected to occur on or about September 23, 2022 and is subject to the Company receiving all necessary approvals, including acceptance by the Exchange.
For further information, please contact:
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes all statements that are not historical facts, including, without limitation, statements with respect to the details of the Offering and Name Change, including the proposed size, timing and the expected use of proceeds and the receipt of regulatory approval for the Offering and receipt of approval for the Name Change. Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These factors include, but are not limited to: the Company may not complete the Offering and/or the Name Change; the Offering and/or the Name Change may not be approved by the TSX Venture Exchange; risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with the Canadian securities regulators. The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Copyright (c) 2022 TheNewswire - All rights reserved.
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THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.
Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF), ("Red Pine" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc. ("Haywood"), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Canaccord Genuity Corp, and Laurentian Bank Securities Inc. (together with Haywood, the "Underwriters"), pursuant to which the Underwriters will purchase, on a bought deal basis, (i) 7,693,000 common shares of the Company (the "Offered Shares") at a price of C$0.26 per Offered Share (the "Offered Share Price"), and (ii) 10,000,000 flow-through common shares of the Company (the "FT Shares" and together with the Offered Shares, the "Offered Securities") at a price of C$0.30 per FT Share, for aggregate gross proceeds to the Company of C$5,000,180 (the "Offering").
The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 15% of the aggregate gross proceeds of the Offering, exercisable in whole or in part for Offered Shares at the Offered Share Price, at any time and from time to time on or prior to the date that is 30 days following the closing of the Offering to cover over-allotments, if any, and for market stabilization purposes. If this option is exercised in full, an additional C$750,027 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$5,750,207.
The Company plans to use the net proceeds from the sale of the Offered Shares for exploration at the Company's Wawa Gold Project and for working capital and general corporate purposes. The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible "Canadian Exploration Expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") on the Wawa Gold Project.
The Offered Securities will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec. The Offered Shares may also be sold to U.S. buyers on a private placement basis pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act'), and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.
The Offering is scheduled to close on or about September 29, 2022 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act, and application state securities laws.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX". The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The Company's Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.
For more information about the Company, visit www.redpineexp.com
Quentin Yarie, President and CEO, (416) 364-7024, qyarie@repineexp.com
Carrie Howes, Director Corporate Communications, (416)-644-7375 chowes@redpineexp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology and in this news release includes statements regarding the timing and completion of the Offering, the receipt of necessary stock exchange and securities regulatory authority approvals for the Offering, the use of proceeds of the Offering and future plans of the Company. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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