TheNewswire – 22 November 2021 – (AIM:ALS) () (OTC:ALTUF) announces that on 21 November 2021 the Company entered into a sale and purchase agreement and other agreements with London AQSE Growth Market listed Eastinco Mining and Exploration plc (“Eastinco”) to sell the Company’s 100% owned subsidiary Aterian Resources Ltd (“Aterian”) to Eastinco (the “Transaction”). Aterian is advancing a portfolio of 15 primarily copper and silver exploration projects (“Aterian Projects”) in the Kingdom of Morocco. Eastinco is currently advancing a portfolio of tantalum exploration and development projects in the Republic of Rwanda. The Transaction remains subject to certain conditions precedent, including the admission to trading of Eastinco’s entire issued share capital to the Official List of the FCA (Standard Segment) (“Admission”) and to trading on the London Stock Exchange’s Main Market for listed securities (“LSE Standard Listing”).
– Altus to vend its 100% owned Morocco focused subsidiary Aterian into Eastinco
– Altus to own up to 25% of Eastinco and an Altus appointee will join Eastinco’s board
– Altus to receive warrants for up to an additional 10% of Eastinco
– Altus to own 15 new royalties, including a royalty on the Musasa tantalum mine in Rwanda
– Eastinco to transform into a pan-African development company
– Eastinco currently owns tantalum exploration and development projects in Rwanda
– The Transaction remains subject to Eastinco’s Admission and LSE Standard Listing
– Eastinco proposes to change its name to Aterian Plc on completion of the Transaction
Steven Poulton, Chief Executive of Altus, commented:
“We are delighted to announce the proposed divestment to Eastinco of our 100% owned Moroccan focused exploration subsidiary, Aterian, as part of Eastinco’s proposed LSE Standard Listing and subsequent name change to Aterian Plc. The enlarged entity will have a strong and unique portfolio of strategic metal exploration and development projects in Morocco and Rwanda.
“The Transaction will result in Altus generating a portfolio of 15 new royalties on the Aterian portfolio, of primarily copper and silver projects, as well as a royalty on the Musasa tantalum mine in Rwanda. Altus will become a material shareholder of Eastinco with up to 25% of the issued capital at Admission. Altus will also hold share purchase warrants for up to an additional 10% of Eastinco, subject to certain restrictions, retaining a significant stake in the enlarged Aterian portfolio. Altus will also receive a reimbursement of up to £250,000 in respect of certain exploration expenditures incurred by Aterian in 2021.
“The Transaction with Eastinco reflects our confidence in the Aterian Projects and is in line with our business model of making and monetising exploration discoveries in return for equity, cash and the creation of new royalty interests. We look forward to the completion of the Transaction, the successful Admission of Eastinco and to supporting the Eastinco team going forward”.
Charles Bray, Executive Chairman of Eastinco commented:
“I am delighted to report on our proposed acquisition of Aterian for its significant portfolio of 15 copper, silver and base metal exploration projects strategically positioned close to existing mining projects in Morocco. Upon completion, Altus will become a strategic shareholder of Eastinco, demonstrating Altus’ confidence in the projects and providing us with an alignment of interest and the support of a well-respected industry player. Previous exploration undertaken by Altus on the Moroccan assets has highlighted the strong potential for the discovery of deposits of , in particular, copper and silver. We believe the market fundamentals for copper are excellent, specifically linked to the anticipated growth in demand for renewable energy and the related electrification of transportation globally.
“We consider this to be the optimal time to broaden and strengthen our asset portfolio across Africa, adding to our established tantalum mining and exploration projects in Rwanda. Our working relationship with Altus will also guarantee a smooth transition to ensure exploration continues in Morocco without interruption. Our proposed LSE Standard Listing will provide us with exposure to a wider investor profile and greater liquidity in our shares and, therefore, a solid platform from which we can continue to grow. This is a key step to becoming a leading strategic metal exploration and development company in Africa.”
Eastinco is currently listed on the AQSE Growth Market. Concurrent with the Transaction, Eastinco will apply for the admission to trading of Eastinco’s entire issued share capital to the Official List of the FCA (Standard Segment) and to trading on the London Stock Exchange’s Main Market for listed securities. Eastinco has recently completed a pre-IPO financing, raising £950,000 (before costs) via the placement of Eastinco ordinary shares (“Eastinco Shares”) and the issue of interest free Convertible Loan Notes (“CLNs“) to current and new investors. The Eastinco Shares were issued at a price of 1.5 pence each and the CLN’s will automatically convert on Admission into Eastinco Shares using a conversion price of 1.5 pence each (“Pre-IPO Price”). Eastinco . Upon completion of the Transaction, Eastinco intends to change its name to Aterian Plc (“Name Change”). Eastinco also proposes to undertake a share consolidation, effective from Admission, whereby each existing 10 Eastinco Shares will be consolidated into 1 new Eastinco Share (“Consolidation”). The Transaction, Admission, Name Change, Consolidation and other related matters remain subject to the publication of an FCA approved prospectus and the approval of the Transaction, Consolidation and other matters by Eastinco shareholders at a General Meeting which Eastinco plans to convene. The Transaction remains subject, among other matters, to the completion of the relevant documentation and Admission. Shareholders should note that there is no guarantee that the conditions will be satisfied or that the Transaction will be completed.
Consideration Payable to Altus for the Sale of Aterian
The consideration payable by Eastinco to Altus for the acquisition of the entire issued share capital of Aterian, is described below:
Eastinco Shares, Eastinco Warrants & Reimbursement
At completion of the Transaction (“Completion”), Altus will be issued new Eastinco Shares and share purchase warrants (“Eastinco Warrants”) to purchase Eastinco Shares and receive cash consideration as follows:
– Eastinco Shares representing 17.5% of the then enlarged share capital of Eastinco following the issue of Eastinco Shares pursuant to the issue of any other Eastinco Shares prior to or on Admission;
– The Issue to Altus of such number of Eastinco Warrants to purchase such number of Eastinco Shares as will represent 5% of the enlarged share capital of Eastinco at Admission (“Initial Altus Warrants”). The Initial Altus Warrants will have a five-year term. The exercise price of 50% of the Initial Altus Warrants will be based upon a weighted average of the Pre-IPO price and the market price on Admission (“First Price“), and the remaining 50% of the Initial Altus Warrants will have an exercise price which is a 100% premium to the First Price (“Second Price“); and
– The payment by Eastinco of up to £250,000 to reimburse Altus for exploration costs incurred by Aterian since May 2021, which was been incurred to advance and to maintain the good standing of the Aterian Projects.
In addition, upon the grant of the Agdz mining licence (“Agdz Mining Licence“) to a subsidiary of Aterian (currently under application), Eastinco will issue to Altus:
– Additional Eastinco Shares representing 7.5% of the enlarged share capital of Eastinco on Admission (for an effective holding of 25% of Eastinco’s entire issued share capital); and
– Further Eastinco Warrants to purchase such number of Eastinco Shares representing an additional 5% of the enlarged share capital of Eastinco (“Additional Altus Warrants”) on Completion. The exercise price of 50% of the Additional Altus Warrants will be the same as the First Price, and the remaining 50% of the Additional Altus Warrants will be the Second Price.
Altus will also be granted the following royalty interests at Completion:
– A 2.5% net smelter return (“NSR”) royalty over each of the licences currently held by Aterian (each an “Aterian NSR”). Eastinco will retain an option to repurchase up to 1% of each Aterian NSR for US$500,000 per 0.5%, for a total potential repurchase consideration of US$1,000,000 per each Aterian NSR;
– A 2.5% NSR royalty on any new licences (each an “Additional 2.5% NSR”) granted to Aterian within three months of Completion. Eastinco will retain an option to repurchase up to 1% of each Additional 2.5% NSR for US$500,000 per 0.5%, for a total potential repurchase consideration of US$1,000,000 per each Additional 2.5% NSR;
– A 1.5% NSR royalty on any new licences (each an “Additional 1.5% NSR”) granted to Aterian within twelve months of Completion. Eastinco will retain an option to repurchase up to 1% of each Additional 1.5% NSR for US$500,000;
– A 3.0% NSR royalty on any new licences awarded to Eastinco in Rwanda within 24 months of Completion which are procured for Eastinco by Altus (each a “Rwanda NSR”). Eastinco will retain an option to repurchase up to 1% of each Rwanda NSR for US$500,000 per 0.5% for a total potential repurchase consideration of US$1,000,000;
– A 2.0% NSR royalty on Eastinco’s 85% ownership of the Musasa tantalum project (“Musasa NSR”) located in Rwanda;
– The Rwanda NSR and the Musasa NSR will be automatically reduced to 1.5% and 0.5% respectively, at no cost to Eastinco, if Altus does not participate pro rata to at least 50% of its holding in the equity of Eastinco in placements undertaken by Eastinco in the 18 months following Admission; and
– Eastinco will retain the right to repurchase up to 1% of each Rwanda NSR and 1% of the Musasa NSR (subject to the Musasa NSR having a lower limit of 0.5% that cannot be repurchased) for US$500,000 per 0.5% for a total potential repurchase consideration of US$1,000,000 in each case.
Royalty Right of First Refusal
In addition, Altus will be granted a Right of First Refusal (“ROFR”) over any future royalty rights on any project owned by Eastinco, providing Altus with the right to purchase any such royalty on matching terms.
The Eastinco Shares issued to Altus on Completion and upon the grant of the Agdz Mining Licence will be subject to a customary lock in period of 12-months with a further 12-month orderly market provision. Any exercise of the Eastinco Warrants will be subject to Altus owning no more than 29.9% of the enlarged ordinary share capital of Eastinco at the time of exercise. Altus will be entitled to a designated seat on the Board of Eastinco, so long as Altus owns 10% or more of the issued share capital of Eastinco.
Aterian made a loss of £10,028 in the year ended 31 December 2020 and had net liabilities of £45,365 as at 31 December 2020.
The technical disclosure in this regulatory announcement has been approved by Steven Poulton, Chief Executive of Altus. A graduate of the University of Southampton in Geology (Hons), he also holds a Master’s degree from the Camborne School of Mines (Exeter University) in Mining Geology. He is a Fellow of the Institute of Materials, Minerals and Mining and has over 20 years of experience in mineral exploration and is a Qualified Person under the AIM rules and NI 43-101.
For further information you are invited to visit the Company’s website www.altus-strategies.com or contact:
Steven Poulton, Chief Executive
Tel: +44 (0) 1235 511 767
E-mail: [email protected]
SP Angel Corporate Finance LLP (Nominated Adviser)
Richard Morrison / Adam Cowl
Tel: +44 (0) 20 3470 0470
SP Angel Corporate Finance LLP (Broker)
Grant Barker / Richard Parlons
Tel: +44 (0) 20 3470 0471
Shard Capital (Broker)
Isabella Pierre / Damon Heath
Tel: +44 (0) 20 7186 9927
Yellow Jersey PR (Financial PR & IR)
Charles Goodwin / Henry Wilkinson
Tel: +44 (0) 20 3004 9512
E-mail: [email protected]
Altus Strategies (AIM: ALS, & OTCQX: ALTUF) is a mining royalty company generating a diversified and precious metal focused portfolio of assets. The Company’s differentiated approach of generating royalties on its own discoveries in Africa and acquiring royalties globally through financings and acquisitions with third parties, has attracted key institutional investor backing. The Company engages constructively with all stakeholders, working diligently to minimise its environmental impact and to promote positive economic and social outcomes in the communities where it operates. For further information, please visit www.altus-strategies.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information included in this announcement, including information relating to future financial or operating performance and other statements that express the expectations of the Directors or estimates of future performance constitute “forward-looking statements”. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programmes on schedule and the success of exploration programmes. Readers are cautioned not to place undue reliance on the forward-looking information, which speak only as of the date of this announcement and the forward-looking statements contained in this announcement are expressly qualified in their entirety by this cautionary statement. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. The forward-looking statements contained in this announcement are made as at the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking information or any forward-looking statements contained in any other announcements whether as a result of new information, future events or otherwise, except as required under applicable law and regulations.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organisation of Canada accepts responsibility for the adequacy or accuracy of this release.
Market Abuse Regulation Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR“), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
Copyright (c) 2021 TheNewswire – All rights reserved.
CSE Bulletin: Delist – Buccaneer Gold Corp. (BUCK)
Toronto, Ontario–(Newsfile Corp. – le 7 décembre/December 2021) At the request of the company the common shares of Buccaneer Gold Corp. will be delisted…
Toronto, Ontario–(Newsfile Corp. – le 7 décembre/December 2021) At the request of the company the common shares ofwill be delisted at market close on December 8, 2021.
The Company’s common shares will continue to trade on the NEO Exchange.
À la demande de la société, les actions ordinaires deseront radiées à la clôture du marché le 8 décembre 2021.
Les actions ordinaires de la Société continueront d’être négociées sur le NEO Exchange.
Market Close/Clôture du marchés le 8 décembre/December 2021
If you have any questions or require further information, please contact Listings at (416) 367-7340 or E-mail: [email protected]
Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: [email protected]
Reunion Gold reports new drill results at its Oko West Project in Guyana including 2.44 g/t over 46.5 m, 2.22 g/t over 57.0 m and 1.88 g/t over 41.0 m
The results confirm the continuity of the deposit and extend the know mineralization laterally, along strike and at depth into the unweathered rock.LONGUEUIL,…
The results confirm the continuity of the deposit and extend the know mineralization laterally, along strike and at depth into the unweathered rock.
LONGUEUIL, Quebec, Dec. 07, 2021 (GLOBE NEWSWIRE) — Table 1). These new drill results, which consistently show high grades and intersected lengths, clearly demonstrate that gold mineralization continues at depth in unweathered rock. The results also expand the gold mineralization laterally and continue to show the strong mineralization continuity along a “corridor” more than 1.2 km long. Preliminary metallurgical studies outlined below also show encouraging results with gold recoveries ranging between 78% and 98%.( ) (the “Company”) is pleased to report new significant gold intersections, including 2.44 g/t over 46.5 meters, 2.22 g/t over 57 meters and 1.88 g/t over 41.0 meters as part of its ongoing drilling program at the Oko West Project in Guyana. Hole 47 intersected the deepest mineralized interval so far, with 2.22 g/t over 57 meters at approximately 200 meters vertical depth from the surface (
The objective of the current drill campaign is to confirm the vertical and lateral continuity of gold mineralization previously identified in eight “blocks” straddling shear zones over a 3 km long strike length, within a 6 km long soil geochemical anomaly. Diamond drilling (“DD”) has been focused on testing depth extensions into the unweathered rock below 100 m (Figure 2), as well as testing for lateral extensions between the outlined blocks. The reverse circulation (“RC”) rig is testing the edges of exploration blocks and scouting previously untested targets both laterally and along strike. The Company has so far demonstrated continuous gold mineralization in a “corridor” more than 1.2 km long (see Figures 1 and 3) characterized by zones of intense deformation and hydrothermal alteration in sedimentary, granitic, and volcanic rocks. These zones contain widely disseminated gold in microfractures and metric-scale high-grade veins assaying up to several ounces per tonne.
Carlos Bertoni, Interim CEO, stated: “We are very excited by this round of drill results as they continue to demonstrate the impressive continuity of the gold mineralization outlined to date with long intercepts of good grade. The results successfully expand the known deposit both at depth into the unweathered rock, and laterally, between the previously outlined “blocks.” The deposit remains open to expansion in all directions. We have only started drill testing the southern 3 km of the soil geochemical anomalies.”
The Company restarted its drilling activities at the Oko West Project early in November, following a one-month break to finalize the interpretation of the then recent results and to properly plan the current 9,000-meter drill program, and for equipment maintenance. Assay results presented in Table 1 below shows significant intersections from a total of 1,322 meters in eight DD and 834 meters in nine RC holes, with assay results from two DD holes and ten RC holes not yet received.
|Drill hole ID||Exploration Block||From (m)||To (m)||Length (m)||Gold (g/t)|
|Diamond Drill Holes|
|Reverse Circulation Drill Holes|
The Company has now drilled a total of 6,467 meters in 53 DD holes and 7,836 meters in 91 RC holes since the beginning of the drilling program at Oko West in December 2020, with significant assay results reported in press releases on August 12, September 7, and October 7, 2021. The Company will interrupt its field activities at the Oko West Project from December 17, 2021, and restart early in January 2022 and plans to complete this current drill campaign by the end of March 2022.
The Company completed a maiden scoping-level metallurgical test by bottle-roll cyanide leaching eight mineralized samples at the Actlabs laboratory in Georgetown, Guyana. These samples represent weathered and unweathered rocks from trench and drill hole samples in different host rocks. Positive gold recovery results were received using low cyanide (0.5 kg/t) in under 12 hours of leaching. Gold recoveries range between 78% and 98%. These preliminary encouraging results indicate that gravity concentration followed by cyanidation should improve gold recoveries. The Company is preparing a complete metallurgical testing plan for the Oko West mineralized rocks.
Drill result composites, sample collection, assaying and data management
The Company calculates drill results composites with a minimum length of 2 m, a cut-off grade of 0.3 g/t and 2 m maximum length of internal waste. Gold grades are uncapped. True widths are unknown. Complete drilling results and drill hole data are being posted on the Company’s website. Diamond drill samples consist of half of either HQ or NQ core taken continuously at regular intervals averaging 1.4 m, bagged, and labelled at the site core shed. Reverse circulation drill samples are obtained from a rotary splitter attached to a Metzke cyclone, weighed, bagged, and tagged at the drill site. Samples are shipped to the Actlabs certified laboratory in Georgetown, Guyana, respecting the best chain of custody practices. At the laboratory, samples are dried, crushed up to 80% passing 2 mm, riffle split (250 g), and pulverized to 95% passing 105 μm, including cleaner sand. 50 g of pulverized material is fire assayed by atomic absorption (AA). Initial assays with results above 3,000 ppb gold are re-assayed with a gravimetric finish. Certified reference materials and blanks are inserted at 5% of samples shipped to the laboratory. Assay data is subject to QA/QC using acQuire software and management by an independent consultant.
The technical information in this press release has been reviewed and approved by Carlos H. Bertoni, P.Geo., the Company’s Interim CEO. Mr. Bertoni is a qualified person under Canadian National Instrument 43-101.
This press release contains certain forward-looking information or forward-looking statements as defined in applicable securities laws. Forward-looking statements are not historical facts and are subject to several risks and uncertainties beyond the Company’s control, including statements regarding plans to complete drilling and other exploration programs, potential mineralization, exploration results and statements regarding beliefs, plans, expectations or intentions of the Company. Resource exploration and development is highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.
About Reunion Gold
For further information, please contact:
Carlos H. Bertoni, Interim CEO or
Paul Fowler, Manager, Corporate Development
Telephone: +1 450.677.2585
Email: [email protected]
Figure 1: Map of the Oko West Block 4 and adjacent area showing schematic geology, mineralized zones (dashed red lines), and trench (brown), DD (black) and RC drilling (green) results in composite highlights. The locations of the cross and longitudinal sections are shown as green and red lines, respectively. Composite results in this press release are from holes with highlighted labels.
Figure 2: Geological section looking north near trench 44 in Block 4 shows schematic geology, mineralized zones (dashed lines), trench and drilling results composite highlights (see section location on Figure 1). Intervals with lengths inferior to 5 m are not listed.
Figure 3: Longitudinal section looking west of the Oko West mineralized “corridor” gold grade block model (block dimensions are 8x8x8 m). Continuity interruptions are daa constrained rather than a lack of mineralization. Some drill holes shown are off section. See 1.2 km bar in Figure 1.
Quebec Silica Announces Private Placement of up to $2 Million Units and Flow-Through Shares
Vancouver, British Columbia–(Newsfile Corp. – December 7, 2021) – Quebec Silica Resources Corp. (CSE: QTZ) ("Quebec Silica," or the "Company") is pleased…
Vancouver, British Columbia–(Newsfile Corp. – December 7, 2021) –( ) (“Quebec Silica,” or the “Company”) is pleased to announce that it is arranging a private placement of: (i) up to 6,250,000 of units (each, a “Unit“), at a price of $0.16 per Unit; and (ii) up to an aggregate of 5,000,000 of flow-through shares (each, a “FT Share“), at a price of $0.20 per FT Share for aggregate gross proceeds of up to $2,000,000 (the “Offering“).
Each Unit shall be comprised of one common share (“Common Share“) in the capital of the Company and one-half (1/2) of a transferable Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant“). Each Warrant shall entitle the holder thereof to acquire one additional Common Share at a price of $0.20 for a period of two (2) years from the closing date (the “Closing Date“) of the Offering. The FT Shares will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada).
The net proceeds from the issuance of the Units will be used for general working capital purposes. The gross proceeds from the issuance of the FT Shares will be used for Canadian exploration expenses and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) and under section 359.1 of the Taxation Act(Quebec) (the “Qualifying Expenditures“), which will be incurred on or before December 31, 2022 and renounced to the subscribers with an effective date no later than December 31, 2021 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. In addition, with respect to Quebec resident subscribers of FT Shares and who are eligible individuals under the Taxation Act (Quebec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Quebec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Quebec) and for inclusion in the “exploration base relating to certain Quebec surface mining expenses or oil and gas exploration expenses” within the meaning of section 722.214.171.124 of the Taxation Act (Quebec).
In connection with the Offering, the Company may pay finder’s fees and issue finder warrants to eligible registrants consisting of: (i) cash finder’s fees of up to 8% of the gross proceeds of the Offering; and (ii) finder warrants in an amount equal to up to 8% of the number of Units and FT Shares issued pursuant to the Offering, exercisable at a price of $0.20 per Common Share for a period of two (2) years following the Closing Date.
The Offering is anticipated to close on or about December 15, 2021, or such later date as the Company may determine. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadians Securities Exchange (CSE). All securities issued pursuant to the Offering will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation.
is a mineral exploration, and development company focused on exploring, developing, and acquiring industrial mineral resources in Quebec, Canada. The Company is currently focused on its wholly-owned Charlevoix Silica Project, near St. Urbane, Quebec, Canada.
Additional information on Quebec Silica. is available at www.quebecsilica.com.
On Behalf of the Board of Directors,
“Raymond Wladichuk, P.Geo.”
Chief Executive Officer
For further information, please contact:
Elyssia Patterson – CFO
Tel: +1 (833) 474-5422
Email: [email protected]
Neither the Canadian Securities Exchange nor it’s Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
This news release contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Quebec Silica’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Although Quebec Silica believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Quebec Silica to implement its business strategies; competition; and other assumptions, risks and uncertainties.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107002
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