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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.
Click here to read the Alabama Graphite Corp. (CNSX:ALP) press release
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