ValOre Metals (TSX:VO) focuses on high-quality metals and projects. The company's flagship uranium asset Angilak is located in Nunavut, Canada, covers 59,583 hectares, and has district-scale potential for uranium along with precious and base metals. The company is also exploring its Brazilian project targeting PGEs and gold.
The Angilak project has significant upside potential due to its land area and deposits. The area represents Canada’s highest grade uranium resource outside Saskatchewan and one of the highest grade uranium resources on a global basis, according to ValOre VP of exploration Colin Smith.
ValOre Metals is also exploring its Pedra Branca PGE project in northeastern Brazil. As another district-scale mining project, the asset covers 56,852 hectares with multiple PGE and gold deposits. Ownership of the asset gives ValOre control of an entire PGE belt. The company has three additional projects for future exploration: Hatchet Lake, Baffin Gold and Genesis.
The company a member of the Discovery Group, an alliance of nine publicly traded companies with a track record of successfully increasing shareholder value, often through tactful exits via mergers and acquisitions.
This ValOre Metals profile is part of a paid investor education campaign.*
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Sprott Asset Management CEO John Ciampaglia has called 2022 a “Dawn of a New Nuclear Renaissance” as governments worldwide strive to reduce emissions and realize they won’t likely meet their targets with wind and solar power alone. Nuclear energy currently supplies 10 percent of the world’s electricity, and as more nuclear power plants remain in operation and new ones come online, demand for uranium, a crucial element used to produce nuclear energy, will continue to rise.
In fact, in Q3 2022, uranium price reached a yearly high of US$52.27, a US$10 increase from January 2022. Based on the projected demand increase and a dwindling supply, some analysts anticipate the spot price for uranium to double to US107.70 by 2030. Investors can capitalize on this potential growth through commodity investing, energy ETFs or stocks of miners targeting uranium. When investing in a miner, investors benefit from both market trends and the company’s growth and successes.
ValOre Metals (TSX:VO) is a Canadian exploration mining company focusing on high-quality metals and projects. Angilak, the company’s flagship uranium asset located in Nunavut, Canada, covers 59,583 hectares and has district-scale potential for uranium along with precious and base metals. The company is also exploring its Brazilian project targeting PGEs and gold.
ValOre is a member of the Discovery Group, an alliance of nine publicly traded companies with a track record of successfully increasing shareholder value, often through tactful exits via mergers and acquisitions. An experienced management team leads the company toward its goal of improving shareholder value at every opportunity.
Discovery Group’s track record of value creation includes over US$2.4 billion through mergers and acquisitions since 2016. The company’s track record includes Great Bear acquired by Kinross Gold for US$1.8 billion, Kaminak Gold acquired by Gold Corp for US$520 million and Northern Empire acquired by Coeur Mining for US$117 million. ValOre’s directors were involved in many of Discovery Group’s successes, including the Kaminak and Northern Empire acquisitions.
ValOre’s Angilak project has significant upside potential due to its land area and deposits. The area represents Canada’s highest grade uranium resource outside Saskatchewan and one of the highest grade uranium resources on a global basis, according to ValOre VP of exploration Colin Smith.
ValOre Metals is also exploring its Pedra Branca PGE project in northeastern Brazil. As another district-scale mining project, the asset covers 56,852 hectares with multiple PGE and gold deposits. Ownership of the asset gives ValOre control of an entire PGE belt. The company has three additional projects for future exploration: Hatchet Lake, Baffin Gold and Genesis.
An experienced management team leads ValOre towards creating shareholder value as it continues to explore its significant assets. The team’s expertise includes mineral exploration, corporate administration, and international finance. Combined with added support from the Discovery Group, ValOre is poised to continually increase shareholder value through the exploration of its district-scale assets.
The Angilak project covers 59,583 hectares within Canada’s Nunavut Territory. The project contains the highest-grade uranium resource of scale outside of the Athabasca Basin. ValOre recently commenced an C$11 million exploration campaign throughout the project focusing on high-priority targets.
Project Highlights:
The Pedra Branca project in northeast Brazil covers 56,852 hectares, including over 70 kilometers of a prospective Archean mafic-ultramafic “Troia Unit.” The district-scale asset gives ValOre complete control of the entire PGE belt. ValOre is presently compiling and reviewing historical data, conducting geological mapping, and conducting Trado auger drilling/trenching.
Project Highlights:
In addition to the Angilak and Pedra Branca projects, ValOre also owns three additional projects with tremendous potential for future exploration.
Project Highlights:
Jim Patterson is a principal of Discovery Group and has been actively involved in marketing and corporate development activities for the group of companies since 2002. Paterson has 23 years of industry experience, including capital raises, acquisitions, joint-ventures, spin-outs, RTOs, and IPOs. He is the chairman and CEO of Valore Metals Corp. and was a driving force behind more than $60 million in equity financings for ValOre that lead to multiple discoveries and a 200 percent increase in mineral resources at ValOre’s Angilak uranium project.
Paterson was a long-standing and active director of Kaminak Gold Corp. (acquired by Goldcorp.) and founding director of Northern Empire Resources Corp. (acquired by Coeur Mining). In 2007, He founded Corsa Capital Ltd. Corsa’s 2008 IPO led to a 2010 transaction which created a leading U.S. metallurgical coal producer with a C$250 million market capitalization.
Paterson is a director of Great Bear Royalties Corp., and Strategic Advisor to Great Bear Resources Ltd., Genesis Metals Corp., Kodiak Copper Corp., and Ethos Gold Corp.
Dale Wallster is a geologist and a prospector with over 40 years experience, focused on targeting and discovery of unconformity-related uranium, structurally-controlled gold, and VMS deposits.
He was president and founder of Roughrider Uranium Corp., a company acquired by Hathor Exploration Limited. Wallster and his team are widely credited in the mineral exploration sector for the discovery of Hathor's Roughrider deposit. In January 2012, Hathor became a wholly owned subsidiary of Rio Tinto as part of a C$650 million acquisition.
Jim Malone was chairman of the WNA's Fuel Technology Working Group, widely recognized as a nuclear industry and nuclear fuel expert, with more than 50 years of experience in the downstream business. He was the chairman of Hathor Exploration at the time of Rio Tinto’s acquisition for $650 million, and senior vice-president at Lightbridge Corporation.
Garth Kirkham has over 30 years of experience in 3D geoscience computer modeling. He is currently heading Kirkham Geosystems Ltd., which provides consulting services to the environmental, mining, geotech and oil & gas industries.
He obtained a bachelor's degree in science from the University of Alberta in 1983, completing his degree with majors in geophysics, geology and mathematics, and is a registered professional geoscientist in Alberta, Northwest Territories, BC, Ontario and Manitoba.
Darren Klinck is an accomplished mining executive with a wide range of management experience working throughout Australasia & The Americas. He was president & CEO of Bluestone Resources following the acquisition of the Cerro Blanco gold project in Guatemala in 2017, where he led the team that financed and advanced the project through resource expansion, feasibility and engineering phases of the project development. Prior to that, he spent more than ten years with OceanaGold as a member of the executive committee that achieved significant growth and business expansion to become a multi-mine, international gold mining company growing from a sub-C$100 million market capitalization to greater than C$3 billion market capitalization.
Over the past 20 years, Klinck has been instrumental in negotiating both equity and debt financing packages totaling more than $800 million and has significant experience leading teams in emerging markets with a strong focus on corporate social responsibility and community engagement programs, as well as extensive government relations activities.
Robert Scott, CPA, CA, CFA brings more than 20 years of professional experience in accounting, corporate finance, and merchant and commercial banking and has served on the management teams and boards of a number of Canadian publicly traded companies. He is a founder and president of Corex Management Inc., a private company providing accounting, administration and corporate compliance services to privately held and publicly traded companies. Scott currently holds senior management and board positions with a number of TSX Venture Exchange issuers including Riverside Resources Inc., Great Bear Resources Ltd. and Northern Empire Resources Corp.
Colin Smith is a registered professional geologist (P.Geo.) in British Columbia, Saskatchewan, Nunavut and the Northwest Territories with over 16 years experience developing, executing and managing exploration campaigns in North and South America, ranging from early-stage project generation to near-mine resource delineation. Smith’s passion for exploration and discovery has garnered him technical expertise with structurally hosted gold, ultramafic-associated PGEs, porphyry copper-gold, diamonds, unconformity-related uranium and coal. Smith started with ValOre in August 2018, overseeing new project review for the company. This followed his role as senior exploration geologist with SSR Mining Inc. at the Seabee Gold Operation in northern Saskatchewan, where he designed and implemented all Seabee-based exploration activities, resulting in multiple auriferous discoveries and resource delineation. Smith holds a B.Sc. in geology from the University of British Columbia (2007), and an M.Sc. in economic geology from the University of Victoria (2012).
Thiago Diniz is an exploration geologist with over eight years of experience working on early- to advanced-stage fertilizer, base and precious metals projects, both in Brazil and Canada, including three world-class mineral deposits (Troilus Au-Cu, in Quebec, Canada; and Belo Sun – Au, and Brazil Potash, in Brazil). He is experienced in the development and management of large-scale drilling, field mapping and metallurgical programs. Diniz is a registered P.Geo. in Ontario and Quebec (Géo) and holds a B.Sc. in geology from Universidade Federal de Minas Gerais (2013) and a M.Sc. in economic geology from Queen’s University, Kingston (2019).
Jeff Dare has over ten years of professional experience managing external reporting and corporate compliance for TSX Venture Exchange and CSE listed issuers. He currently serves as the corporate secretary and advisor of a number of listed issuers, and works closely with external partners and service providers in the areas of legal, compliance, transfer agency, audit, banking and insurance. He obtained his BA from Simon Fraser University.
Valore Metals Corp. (TSXV: VO) is pleased to announce that the company will be presenting at Red Cloud's 2022 Fall Mining Showcase. We invite our shareholders and all interested parties to join us there.
The annual conference will be hosted in-person, at the Sheraton Centre Toronto Hotel from November 9-10, 2022.
Jim Paterson, CEO will be presenting on November 10th at 3:40pm Eastern Standard time.
For more information and/or to register for the conference please visit: https://redcloudfs.com/fallminingshowcase2022/.
We look forward to seeing you there.
For further information:
Valore Metals Corp.
Dustin Zinger
1.604.653.9464
contact@valoremetals.com
https://valoremetals.com/
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IsoEnergy Ltd. (TSXV: ISO) (" IsoEnergy " or the " Company ") is pleased to announce that it has closed its previously announced $18.3 million financing comprised of:
The Debenture carries a 10% coupon (the " Interest ") over a 5-year term, with the principal amount (adjusted to Canadian dollars) convertible at the holder's option into common shares of the Company, at a price of C$4.33 per share (the " Conversion Price "), for a maximum of 1,464,281 shares, with the exact number of shares determined based on the exchange rate at the time of conversion. The Interest is payable semi-annually, with 7.5% payable in cash and 2.5% payable in common shares of the Company, subject to the approval of the TSX Venture Exchange (the " TSXV "), at a price equal to the 20-day volume-weighted average trading price of the Company's common shares on the TSXV (the " VWAP ") on the day prior to the date such Interest is due. The Company is entitled, on or after the third anniversary of the issuance of the Debenture, at any time the 20-day VWAP exceeds 130% of the Conversion Price, to redeem the Debenture at par plus accrued and unpaid Interest. In connection with the issuance of the Debenture, the Company paid QRC an establishment fee of US$120,000 in cash.
Including the proceeds from the financing, IsoEnergy now has cash reserves of approximately C$20.7 million. Proceeds from the financing will be used for exploration and development of the Company's properties in the Athabasca Basin, Saskatchewan , potential future acquisitions and for general corporate purposes.
Pursuant to applicable securities laws, all securities issued in connection with the financing have a four-month hold period expiring on April 7, 2023 .
IsoEnergy is a well-funded uranium exploration and development company with a portfolio of prospective projects in the infrastructure-rich eastern Athabasca Basin in Saskatchewan, Canada . In 2018, the Company discovered the high-grade Hurricane Deposit on its 100% owned Larocque East property in the eastern Athabasca Basin. The Hurricane Deposit has Indicated Mineral Resources of 48.61 Million lb U 3 O 8 based on 63,800 tonnes grading 34.5% U 3 O 8 and Inferred Mineral Resources of 2.66 Million lb U 3 O 8 based on 54,300 tonnes grading 2.2% U 3 O 8 ( July 8, 2022 ). The Hurricane Deposit is 100% owned by IsoEnergy and is unencumbered from any royalties. IsoEnergy is led by a Board and Management team with a track record of success in uranium exploration, development, and operations. The Company was founded and is supported by the team at its major shareholder, NexGen Energy Ltd.
As a consequence of the financing, NexGen has acquired 1,801,802 common shares of the Company at a price of C$3.33 per share for an aggregate purchase price of C$6,000,000.66 . Immediately prior to the financing, NexGen beneficially owned and controlled 53,479,833 common shares of the Company, representing approximately 50.05% of the outstanding common shares (calculated on an undiluted basis). Immediately following the financing, NexGen beneficially owns and controls 55,281,635 common shares of the Company, representing approximately 50.17% of the issued and outstanding common shares, representing a decrease of approximately 4.83% relative to the number of common shares of the Company that NexGen reported as holding in its previous early warning report dated December 20, 2018 as a result of subsequent share issuances by the Company.
The Company has been advised by NexGen that the common shares were acquired by NexGen for investment purposes and that NexGen may, depending on market conditions and other available investment and business opportunities and subject to any statutory restrictions, increase or decrease its ownership of, or control or direction over, securities of the Company, whether in the open market, by privately negotiated agreements or otherwise.
The disclosure regarding NexGen's shareholdings contained in this news release is made pursuant to National Instrument 62-104 – Take-Over Bids and Issuer Bids and a report respecting these matters will be filed by NexGen with the applicable securities regulatory authorities using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) and will be available for viewing under the Company's profile at www.sedar.com .
All scientific and technical information in this press release has been reviewed and approved by Mr. Andy Carmichael , P.Geo., IsoEnergy's Vice-President, Exploration. Mr. Carmichael is a qualified person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. For additional information regarding the Company's Larocque East property, please see the Technical Report titled "Technical Report on the Larocque East Project, Northern Saskatchewan, Canada " dated August 4, 2022 , available on the Company's profile at www.sedar.com .
Neither the TSX Venture Exchange nor its Regulations 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 shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and such securities may not be offered or sold within the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements thereunder.
The information contained herein 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. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities and the use of proceeds from the financings. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, the influence of a large shareholder, alternative sources of energy and uranium prices, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
SOURCE IsoEnergy Ltd.
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KEY POINTS:
Aura’s Managing Director, Dave Woodall, commented:
“The successful production of yellowcake from material upgraded in the pilot plant is a significant step for Aura Energy. It opens the door to commercial discussions with nuclear utilities, demonstrates the simple processing parameters required for uranium oxide production at Tiris and provides a strong technical basis for moving the project forward. This will allow us to focus on operating efficiencies as we progress to a final investment decision.”
Click here for the full ASX Release
This article includes content from Aura Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) ("Blue Sky" or the "Company") announces that due to high investor demand, the Company has increased the private placement amount announced on November 21, 2022, from $1,000,000 to $1,800,000 consisting of 18 million units (the "Units") at $0.10 per Unit.
NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce another significant milestone in the advancement of regulatory approvals for the 100% owned Rook I Project ("Rook I" or the "Project") with the receipt of Federal technical and public review comments and Provincial technical review comments on the Rook I draft Environmental Impact Statement ("EIS").
The Federal draft EIS review process, coordinated by the Canadian Nuclear Safety Commission ("CNSC"), included both technical and public review. Receipt of the Federal review comments follows successful completion of the 90-day Federal public review period that ended on October 12, 2022 (see News Release dated July 15, 2022 ).
In parallel to the CNSC-coordinated Federal technical and public review, the Saskatchewan Ministry of Environment ("ENV") completed coordination of a Provincial technical review of the draft EIS. Provincial technical review comments were received in September 2022 . With receipt of the Federal (technical and public) and Provincial (technical) review comments, NexGen has commenced a review of comments and response activities and preparation of the final EIS for submission to the ENV and CNSC in Q1 2023.
Further, as part of the integrated Federal Environmental Assessment ("EA") and licensing process that commenced for the Project in 2019, NexGen has scheduled submission of the remaining final, complete licence application documents to the CNSC in December 2022 . These remaining documents build on the final, complete aspects of the licence application package submitted to the CNSC in December 2021 which were positively received.
Leigh Curyer, Chief Executive Officer commented: "The receipt of the Federal review comments following the draft EIS technical and public review as well as the Provincial technical review is a substantial advancement in the elite, rigorous, and transparent regulatory approval process for the Rook I Project. We are extremely pleased with the result of the technical review by both the CNSC and ENV. It has met the objective NexGen set out to achieve and reflects the many years of dedicated focus, commitment and expertise by the NexGen team in advancing the generational Rook I Project. We look forward to the next stage and simultaneously working in lock-step with Indigenous and community partners towards the final EIS submission to culminate in a Provincial EA approval and CNSC commission hearing. Further, I would like to thank our Indigenous and community partners for their commitment and collaboration to this important process.
Further, NexGen is well advanced in the completion of Front-End Engineering Design and has commenced critical path detailed engineering in parallel with the permitting and licensing advancements."
The EIS represents the collection of reports that document NexGen's EA of the Project. NexGen conducted the EA pursuant to The Environmental Assessment Act of Saskatchewan and the Canadian Environmental Assessment Act, 2012 (collectively the "Acts"). The information and analysis conducted and submitted in the EIS represent the basis against which the environmental, social, and human health effects of the Project will be evaluated by the ENV and CNSC.
Through a cooperative Provincial-Federal EA process, the ENV and CNSC will share information and work to reduce regulatory duplication, while providing a comprehensive EA process in accordance with the separate requirements that apply and must be satisfied with respect to the Acts, regulations, and guidelines in place for each of the respective jurisdictions.
NexGen is a British Columbia corporation focused on the development of the Rook I Project located in the southwestern Athabasca Basin, Saskatchewan, Canada , into production. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines elite environmental performance as well as industry leading economics. Rook I hosts the Arrow Deposit that hosts Measured Mineral Resources of 209.6 M lbs of U 3 O 8 contained in 2.18 M tonnes grading 4.35% U 3 O 8 , Indicated Mineral Resources of 47.1 M lbs of U 3 O 8 contained in 1.57 M tonnes grading 1.36% U 3 O 8 , and Inferred Mineral Resources of 80.7 M lbs of U 3 O 8 contained in 4.40 M tonnes grading 0.83% U 3 O 8 .
NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. The Company is the recipient of the 2018 PDAC Bill Dennis Award for Canadian mineral discovery and the 2019 PDAC Environmental and Social Responsibility Award.
All technical information in this news release has been reviewed and approved by Kevin Small, P.Eng., NexGen's Senior Vice President Engineering and Operations, a qualified person under National Instrument 43-101.
A technical report in respect of the FS is filed on SEDAR ( www.sedar.com ) and EDGAR ( www.sec.gov/edgar.shtml ) and is available for review on NexGen Energy's website ( www.nexgenenergy.ca ).
This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated February 25, 2022 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedar.com and Edgar at www.sec.gov .
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.
There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws .
View original content: https://www.prnewswire.com/news-releases/nexgen-receives-review-comments-on-rook-i-project-environmental-impact-statement-301691177.html
SOURCE NexGen Energy Ltd.
View original content: http://www.newswire.ca/en/releases/archive/December2022/01/c6301.html
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Laramide Resources Ltd. ("Laramide" or the "Company") is pleased to announce that its wholly owned subsidiary, Tackle Resources Pty Ltd ("Tackle"), has entered into an Indigenous land use agreement ("ILUA") and Ancillary Agreement with the Gangalidda & Garawa Native Title Aboriginal Corporation ("GGNTAC") for the Westmoreland Uranium Project. GGNTAC hold native title as agent for the native title holders over the area of the Westmoreland Project. The ILUA was the subject of a successful consultation and consent process with the native title holders which was finalised in Burketown, Queensland on November 3, 2022 .
Under the ILUA, GGNTAC consents to the grant of a Mineral Development Licence ("MDL") to Tackle. The grant of an MDL will allow Tackle to retain its interests in the exploration ground and continue to prove the Westmoreland Project mineral resource. In return, the ILUA and Ancillary Agreement provide for the involvement of the native title holders in the project and certain benefits, including employment opportunities, on the project. It also provides detailed agreed arrangements for the avoidance of harm to Aboriginal cultural heritage.
The ILUA and Ancillary Agreement is the result of good faith negotiations between the Tackle and GGNTAC representatives. It represents the native title holders' free, prior and informed consent to Tackle's ongoing exploration activities on the Westmoreland project. The ILUA underpins the very positive and enduring relationship between the parties and the native title holders' strong support for the Westmoreland Project.
The ILUA will now be lodged for registration with the National Native Title Tribunal, to facilitate Tackle's application to the Queensland Government for the grant of the MDL.
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Laramide is engaged in the exploration and development of high-quality uranium assets. Its wholly owned uranium assets are in Australia and the United States . Each of Laramide's portfolio of five advanced uranium projects have been chosen for their production potential. Laramide's Westmoreland project, in Queensland, Australia , is one of the largest projects currently held by a junior mining company. Its U.S. assets include Churchrock/ Crownpoint , a large ISR project, and the La Jara Mesa in the historic Grants, New Mexico mining district.
This press release contains forward-looking statements. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.
SOURCE Laramide Resources Ltd.
View original content: http://www.newswire.ca/en/releases/archive/November2022/29/c7024.html
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