Alabama Graphite Corp. (CNSX:ALP, US:ABGPF) clarified a technical disclosure in regards to the Coosa Graphite Project in Alabama, relating to a disclosure in the Company’s Corporate Presentation entitled “Alabama Graphite Company – A New Beginning for Graphite Production in the US”, that the Coosa Project has an “extremely large, potentially a multi‑decade resource”.
As quoted in the press release:
Disclosure in the Company’s Corporate Presentation that the Coosa Project has an “extremely large, potentially a multi‑decade resource” was restricted by Canadian regulations known as National Instrument 43-101 (“NI 43‑101”) because no resource classification was determined, and non-compliant with NI 43-101 because no tonnes and grade were estimated at this time for any resource. The Company retracts prior disclosure implying that it has a resource estimate at the Coosa Project and advises readers not to rely on such statements as they may continue to be found in the public domain.
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