Zinc

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Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF) is pleased to announce that it has entered into an equity subscription agreement (the "Agreement") with Nexa Resources S.A. ("Nexa") (NYSE Symbol:NEXA), the largest zinc producer in Latin America with several long-life operating mines and smelting operations in Peru and Brazil. Compañia de Minas Buenaventura SAA ("Buenaventura"), an Insider of the Company, has advised it will exercise its pre-existing participation rights on the same terms and conditions

Under the terms of the Agreement, Nexa will subscribe for 40,792,541 common shares (the "Common Shares") of Tinka at a price of C$0.22 per Common Share (the "Issue Price") for gross proceeds to Tinka of C$8.97 million (the "Nexa Subscription"), with additional pre-existing subscription rights as described below (the "Private Placement"). Prior to the Private Placement, Nexa held approximately 9% of the common shares of Tinka (see NR March 17, 2021). Upon closing of the Private Placement, Nexa will become a new insider of Tinka holding 71,343,053 of the outstanding common shares or approximately 18.2% of the Company on a non-diluted basis. Buenaventura will subscribe for 9,770,669 Common Shares in the Private Placement at the Issue Price (the "Buenaventura Subscription") for additional gross proceeds to Tinka of C$2.15 million. Upon closing of the Private Placement, Buenaventura will hold 75,614,289 common shares of Tinka and will continue to hold approximately 19.3% of the outstanding common shares of the Company on a non-diluted basis. In total, the gross proceeds of the Private Placement will be C$11.12 million. No finder's fees or commissions are payable on the Private Placement. Subject to receipt of Exchange acceptance, the Private Placement is expected to close on or about May 31, 2022.

Pursuant to the Agreement, proceeds of the Private Placement will be used for development of the Company's Ayawilca project (including significant exploration and infill drilling programs, metallurgical programs, and other technical and environmental studies), the continued early-stage exploration of the Silvia project, and for working capital and general corporate purposes.

The President and CEO of Tinka, Dr. Graham Carman, stated: "Tinka is thrilled to welcome Nexa as a strategic investor in the Company, joining Buenaventura and Sentient Equity Partners as our major shareholders. Nexa's strategic investment in Tinka, and the co-investment by Buenaventura, is a strong endorsement of our globally significant Ayawilca zinc project and of Peru as an important long-term mining and investment jurisdiction. Nexa is a dominant player in the zinc business in Latin America, owning three mines and a smelting operation in central Peru in close proximity to Ayawilca. The Private Placement investment highlights the potential synergies of a successful mine development at Ayawilca for all parties concerned. We look forward to kicking-off our work programs at Ayawilca as soon as possible, including the commencement of a drill program which will target new high grade resources as well as increased measured and indicated resources."

The CEO of Nexa, Mr. Ignacio Rosado, stated: "In line with our strategy and believing on the promising fundamentals for zinc and its important role in the green economy, we are pleased to announce the increase of our equity interest in Tinka. Nexa has a unique position in Peru and Brazil and we believe the Ayawilca zinc project provides us a further option to grow, complementing our portfolio and allowing Nexa to secure its relevant position in the zinc market, adding value to all our stakeholders. As we previously disclosed, Ayawilca is one of the largest zinc projects in development in Peru with excellent development potential as well as resource expansion."

Upon closing of the Nexa Subscription, for so long as Nexa owns 5% or more of the outstanding shares of Tinka, on a partially-diluted basis, Nexa will have the right to nominate one individual to Tinka's board of directors. It is anticipated that Mr. Jones Belther, Nexa's Senior Vice President of Exploration and Technology, will serve as Nexa's nominee and join Tinka's Board on closing of the Private Placement. In the event that Nexa owns 20% or more of the outstanding shares of Tinka, on a partially-diluted basis, Nexa will have the right to nominate two individuals to Tinka's board. In addition, Nexa has been granted a pre-emptive right to maintain its percentage interest in the outstanding shares of Tinka, in connection with any future issuances of Tinka securities, subject to certain exclusions.

Participation by Buenaventura in the Private Placement is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Insider's participation in the Private Placement in reliance of sections 5.5(b) and 5.7(a) of MI 61-101.

All securities issued in connection with the Private Placement will be subject to a statutory four-month hold period. The Private Placement is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the Exchange.

On behalf of the Board,



"Graham Carman"
Dr. Graham Carman, President & CEO

Further Information:

www.tinkaresources.com
Mariana Bermudez
1.604.685.9316
info@tinkaresources.com

About Tinka Resources Limited

Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc Zone deposit has an estimated Indicated Mineral Resource of 19.0 Mt @ 7.15% Zn, 16.8 g/t Ag & 0.2% Pb and Inferred Mineral Resource of 47.9 Mt @ 5.4% Zn, 20.0 g/t Ag & 0.4% Pb (dated August 30, 2021 - see news release). The Ayawilca Tin Zone has an estimated Inferred Mineral Resource of 8.4 Mt grading 1.0% Sn. Tinka holds 46,000 hectares of mining claims in Central Peru, one of the largest holders of mining claims in the belt. Tinka is actively exploring for copper-gold skarn mineral deposits at its 100%-owned Silvia project. Dr. Graham Carman, a qualified person, Tinka's President and CEO and a Fellow of the Australasian Institute of Mining and Metallurgy has reviewed and verified the technical contents of this release.

Forward Looking Statements: Certain information in this news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations: timing and successful completion of the Private Placement; timing of planned work programs and results varying from expectations; delay in obtaining results; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; equipment failure, unexpected geological conditions; imprecision in resource estimates or metal recoveries; success of future development initiatives; competition and operating performance; environmental and safety risks; the Company's expectations regarding the Ayawilca Project PEA; the political environment in which the Company operates continuing to support the development and operation of mining projects; risks related to negative publicity with respect to the Company or the mining industry in general; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; delays in obtaining or failure to obtain necessary permits and approvals from local authorities; community agreements and relations; and, other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR (www.sedar.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 news release.

SOURCE: Tinka Resources Ltd.



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TK:CA,TKRFF

Trevali Announces Results of Annual General and Special Meeting of Shareholders

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) announces the voting results from its Annual General and Special Meeting of Shareholders (the " Meeting ") held on June 29, 2022 . Shareholders voted in favour of all items of business before the Meeting as follows:

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

Election of Directors

Votes For

Votes Withheld

Jill V. Gardiner

33,215,006

( 98.52%)

499,221

( 1.48%)

Russell D. Ball

33,127,564 (98.26 %)

586,663 (1.74 %)

Aline Cote

33,135,738 (98.28 %)

578,489(1.72 %)

Johannes F. (Ricus) Grimbeek

33,095,836(98.17 %)

618,391(1.83 %)

Jeane L. Hull

33,265,788(98.67 %)

448,439(1.33 %)

Dan Isserow

33,373,177(98.99 %)

341,050(1.01 %)

Nikola (Nick) Popovic

32,987,896(97.85 %)

726,331(2.15 %)

Richard Williams

33,281,724(98.72 %)

432,503(1.28 %)

Appointment of Auditors

Votes For

Votes Withheld

To re-appoint PricewaterhouseCoopers LLP as Auditors of the Company for the ensuing year and to    authorize the directors to fix their remuneration.

36,034,908

(99.97%)

9,228(0.03 %)

Stock Option Plan

Votes For

Votes Against

To approve and authorize all unallocated stock options, rights and other entitlements issuable under the Company's amended and restated stock option plan (the "Stock Option Plan") until June 29, 2025.

30,842,747(91.50 %)

2,864,229(8.50 %)

Share Unit Plan

Votes For

Votes Against

To approve and authorize all unallocated share units, rights and other entitlements issuable under the Company's amended and restated share unit plan (the "Share Unit Plan") and to confirm the Company has the ability to issue shares from treasury to satisfy the settlement of any unallocated share units issued until June 29, 2025.

30,915,996(91.76 %)

2,775,882(8.24 %)

Advisory Vote on Executive Compensation

Votes For

Votes Against

To adopt a non-binding, advisory vote on the Company's approach to executive compensation.

31,218,009(92.66 %)

2,474,064(7.34 %)

Detailed voting results for the Meeting are available on SEDAR at www.sedar.com .

The Company's 2021 Audited Financial Statements are available at https://trevali.com/investors/financials/. Shareholders may also receive a copy of these Company documents without charge upon request by e-mail at info@trevali.com .

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

SOURCE Trevali Mining Corporation

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Tinka Announces Grant of Stock Options

Tinka Resources Limited ("Tinka" or the "Company") (TSXV & BVL:TK) (OTCQB:TKRFF) announces that pursuant to the Company's Stock Option Plan, the Company has granted stock options (the "Options") to certain directors, officers and consultants of the Company to purchase an aggregate of 5,750,000 common shares (the "Optioned Shares") of the Company at an exercise price of $0.25 per Optioned Share for a period of four years

On behalf of the Board,

About Tinka Resources Limited

Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc Zone deposit has an estimated Indicated Mineral Resource of 19.0 Mt @ 7.15% Zn, 16.8 g/t Ag & 0.2% Pb and Inferred Mineral Resource of 47.9 Mt @ 5.4% Zn, 20.0 g/t Ag & 0.4% Pb (dated August 30, 2021 - see news release). The Ayawilca Tin Zone has an estimated Inferred Mineral Resource of 8.4 Mt grading 1.0% Sn. Tinka holds 46,000 hectares of mining claims in Central Peru, one of the largest holders of mining claims in the belt. Tinka is actively exploring for copper-gold skarn mineral deposits at its 100%-owned Silvia project. The Qualified Person, Dr. Graham Carman, Tinka's President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

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 news release

SOURCE: Tinka Resources Ltd.



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Trevali Publishes 2021 Sustainability Report

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) announces that it has published its 2021 Sustainability Report that details our approach and progress towards integrating sustainability into all aspects of our business.

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

"Trevali's fourth annual Sustainability Report represents the latest stage of an evolution in our reporting as we make steps on our journey to becoming a more sustainable organization," said Ricus Grimbeek, President CEO. "While the report details some of our accomplishments in 2021, I must first acknowledge the terrible loss of eight of our colleagues at the Perkoa Mine in Burkina Faso . The intense and unseasonal rainfall on the early morning of April 16, 2022 , created a flash flood that breached the mine's defenses, flooding the underground mine and fatally trapping eight of our workers. Our most sincere condolences are with the families, friends, and communities of our deceased colleagues at this difficult time. All of us at Trevali grieve their loss. We will never get our colleagues back, but we do pledge to learn and implement all the lessons from this tragedy across our operations, share these widely, and thereby play our part in helping the mining industry to avoid such events in the future. The potential impact of a changing global climate on the design and operation of mines cannot be underestimated. Extreme weather events such as this, occurring outside of the usual wet seasons, are devastating and it appears likely that they are to become more frequent."

"At Trevali, we see the annual sustainability reporting process as achieving two key objectives. Firstly, as a communication tool to report 2021's ESG performance to our stakeholders transparently and accurately in a balanced manner. And secondly, as an audit of our ESG programs and systems in relation to our business goals, using a third-party to pre-audit our ESG activities. In our 2021 report, you will read about our achievements, challenges, and our progress towards our goals as the world still wrestled with the COVID pandemic. In doing so, I hope that you will see how central sustainability is to not only our business model but to the whole mining industry. Integrating sustainability into every fiber of the global industry is not going to be easy, but Trevali is committed to playing its part in this vital strategic endeavour," said Grimbeek.

Richard Weishaupt , Senior Vice President, Health, Safety, Environment, and Community, stated, "In the 2021 Sustainability Report there are many examples of how we have progressed as a Company. "Regarding environmental compliance, I am happy to report that once again in 2021, Trevali received no material environmental penalties or fines at any of our operations. In addition, something that demonstrates conservation of resources having a positive impact on the environment as well as contributing to economic efficiencies, 100% of total waste rock generated at our operations was returned underground and repurposed as backfill. The dedication of our teams over the long run is also evident at the Perkoa Mine, where the group received the National Occupational Health Inspection Award for operating the second-best private occupational health clinic in Burkina Faso and recognition from the National Council for our efforts in supporting the fight against HIV and AIDS. Such achievements reflect our long-standing commitment to the communities where we operate. In 2021, we invested more than $10.5 million in community development projects across all our operations. The future offers even more chances to innovate with the planned expansion of Rosh Pinah and the construction of a nearby solar power plant to provide 30% of electricity needs."

2021 Sustainability Performance Includes:

  • In 2021, we reduced our significant incidents by 30% over 2020 and our Total Recordable Injury Frequency (TRIF) for employees and contractors combined was 8.7.
  • Increased Board representation of women with three female Directors out of eight on the Trevali Board following the appointment of Jeane Hull effective February 1, 2021 . The Company continues to encourage broader forms of diversity at the management and Board level with a view to achieving the target of 30% of senior leadership positions being held by women.
  • Spent US$178 million procuring goods and services from national suppliers, including US$110 million on local suppliers. A total of 86% of our total supply chain is comprised of national business in the countries in which we operate.
  • Published a positive NI 43-101 Rosh Pinah Mine expansion (" RP2.0 ") Feasibility Study in August 2021 , with work continuing to secure project financing for the expansion. RP2.0 is expected to increase the capacity of the mine and mill by 86%, from 0.7 million tonnes per annum to 1.3 million tonnes per annum over a 12-year mine life. The expansion project will incorporate sustainable technologies and processes to improve the safety, health, environmental footprint, and local economic impact of the mine, while strengthening our commitment to local communities and the region.
  • Entered into a 15-year renewable power purchase agreement with EMESCO for the supply of solar power equivalent to 30% of the expected annual energy consumption for the Rosh Pinah Mine. The agreement was incorporated into the RP 2.0 feasibility study. Construction began in the second quarter of 2022 and the power plant is expected to reduce greenhouse gas (GHG) emissions at the Company level by 6%.
  • Reported repurposed waste rock use for the first time resulting from improved tracking practices. Achieved net positive waste rock management with 100% of the total waste rock generated at all our operations was kept underground and repurposed as backfill. In fact, we repurposed 1.8 times more waste rock than we generated by diverting 451,570 tonnes from legacy waste rock piles on our sites as underground backfill. Trevali is committed to repurposing historic waste rock as underground backfill whenever possible in order to reduce our long-term environmental liability.
  • Improved our Corporate Sustainability Assessment score for the Dow Jones Sustainability Index (DJSI) from a 45 to a 50 during 2021, reflecting a continuation of improvements from Trevali's score of 9 in 2018, and significantly above industry average score of 34 in 2021.

The report was prepared with guidance from the Global Reporting Initiative (GRI) Standards and select disclosures in accordance with the Sustainability Standards Accounting Board (SASB) Metals and Mining Industry Standards, covering the period from January 1 to December 31, 2021 . Additionally, we have mapped our areas of focus to the United Nations Sustainable Development Goals (SDGs). We are committed to the Task Force for Climate Financial Disclosure (TCFD) and will be progressing on the TCFD recommendations in 2022. Trevali's 2021 Sustainability Report, as well as the GRI and SASB Indices for the report, can be found under the Sustainability Reporting section of Trevali's website at Click Here .

Trevali welcomes comments, questions, or suggestions about the sustainability report and related information. Please send your feedback to sustainability@trevali.com .

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the Company's operations, including the Company's growth strategies and planned development activities and achievement of the objectives stated in the 2021 sustainability report, the suspension of mining and milling operations at Perkoa, the results of any investigation of the flooding incident, and the Company's assessment of the effect of the flooding on the safety and structural integrity of Perkoa's underground areas and the length of time before underground mining operations can be recommenced safely at Perkoa. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to the Company's plans to remedy the impact of the flooding at the Perkoa Mine, including that such efforts and plans will not be effective or achieve their desired outcomes; dependence on key personnel; labour pool constraints; labour disputes; increased operating and capital costs; foreign currency exchange rate fluctuations; operating in foreign jurisdictions with risk of changes to governmental regulation; compliance with governmental regulations; compliance with environmental laws and regulations; maintaining ongoing social license to operate; impact of climatic conditions on the Company's mining operations; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, other risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

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Zinc Exploration in the Mining-friendly Jurisdiction of Spain

Zinc Exploration in the Mining-friendly Jurisdiction of Spain

Zinc reigns as a highly essential metal in today’s global economy. From electric vehicles to critical infrastructure, zinc is the fourth most widely consumed metal in the world.

The rising demand for modern infrastructure development around the world has the potential to drive zinc production and new exploration projects. In China, the world’s leader in zinc production, the resource has become critical to the country’s ambitious infrastructure projects like the Belt and Road Initiative.

As nations continue to modernize through advancements in infrastructure, explorers have continued to seek out new zinc deposits. In Europe, Spain’s mineral-rich southern region is attracting mineral companies wishing to explore for zinc resources in a stable mining jurisdiction.

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Trevali Reports Remaining Missing Workers Found at Perkoa Mine

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) is saddened to report that search team members have discovered the bodies of the remaining two workers unaccounted for following an April 16 flooding event at the Perkoa Mine in Burkina Faso .

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

The two workers were discovered following dewatering, the first on June 8 at the 640 Level and the second on June 19 in the decline leading to the 670 Level. Six workers were previously recovered by search teams late last month. All eight workers unaccounted for after the flooding event have now been recovered.

"This is a profoundly sad day for the families, friends, and colleagues of the eight workers who lost their lives. All of us at Trevali grieve the loss and offer our deepest condolences to our colleagues' families and friends during this difficult time," said Ricus Grimbeek, President and CEO.

Families are being notified following recovery and identification. Senior representatives of Trevali and the Perkoa Mine mining contractor Byrnecut have been in regular contact with the families of all eight workers and will continue to offer support. Out of respect for privacy of the workers' families and friends, the Company will not be publicly disclosing the names of the workers.

The Company is working alongside the Burkinabe authorities as the Trevali operations team coordinates the dewatering and rehabilitation of the Perkoa Mine.

"Trevali expresses its deep appreciation for the tireless efforts and support in the search and rescue operation from the Burkinabe authorities and from the mining community in Burkina Faso ," said Grimbeek.

The Company and the Burkinabe authorities are investigating the events around the flooding event. Mining and milling operations at Perkoa will remain suspended for the foreseeable future and the Company has suspended its production and cost guidance for 2022 as it relates to Perkoa. To date, 137 million litres of water has been removed from the mine as well as almost 4,500 metres of mine rehabilitation completed on the ramp decline, and removal of 5,860 cubic metres of solids. Dewatering and rehabilitation work will continue to the mine depth of the 710 Level and the Company will provide further updates as appropriate.

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the suspension of mining and milling operations at Perkoa, the recovery efforts at Perkoa, including the Company's plans with respect thereto, the efficacy of the Company's pumping, decline ramp rehabilitation and de-watering activities and  its efforts to restore electrical power and communications at the lower levels of Perkoa, the Company's ability to effectively dewater the mine and restore access to the lower levels of Perkoa, the results of any investigation of the flooding incident, and the Company's assessment of the effect of the flooding on the safety and structural integrity of Perkoa's underground areas. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to the Company's search efforts and plans to remedy the impact of the flooding at the Perkoa Mine, including that such efforts and plans will not be effective or achieve their desired outcomes; dependence on key personnel; labour pool constraints; labour disputes; increased operating and capital costs; foreign currency exchange rate fluctuations; operating in foreign jurisdictions with risk of changes to governmental regulation; compliance with governmental regulations; compliance with environmental laws and regulations; maintaining ongoing social license to operate; impact of climatic conditions on the Company's mining operations; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, other risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/20/c5191.html

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Tinka Commences Ayawilca Resource Expansion Drill Program

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Ayawilca 2022 Drill Program

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