The Supreme Court of Canada is slated to hear appeals in 22 cases in its upcoming winter session, including six involving civil law. The session will start the third week of January.
On Jan. 15, the high court will begin hearing the appeal in Lundin Mining Corporation, et al. v. Dov Markowich. The case considers what qualifies as a “material change” for the purpose of Canadian securities law.
Markowich is a shareholder of Lundin Mining Corporation, who filed a proposed class action against Lundin, its officers, and directors, alleging they failed to promptly disclose pit wall instability and a rockslide that followed at a Chilean mine.
Lundin did not publicly disclose the events until a month after they occurred in 2017. The day following the disclosure, the price of the company’s securities fell 16 percent on the Toronto Stock Exchange. The SCC will consider Markowich’s claim that Lundin’s failure to immediately disclose the event violated its obligation to report a “material change” in its “business, operations or capital.”
On Jan. 16, the high court will start hearing the appeal in Pawel Kosicki, et al. v. City of Toronto, which considers whether a lower court had the authority to bolster the immunity of municipalities more than what was intended by the legislature.
The case involves homeowners in Toronto who sought an order for adverse possession of a piece of city land that the previous property owners had incorporated into their backyard. While the city admitted that the homeowners’ evidence satisfied the traditional test for adverse possession, the parties disagreed on whether the disputed land was immune to adverse possession claims because it was city land.
The Ontario Superior Court of Justice and the Ontario Court of Appeal found that private landowners cannot acquire title by fencing off public land for private use.
In Stephen Emond and Claudette Emond v. Trillium Mutual Insurance Company, which the high court is slated to hear on March 18, the Emonds lived in a home on the Ottawa River that overlapped with the catchment area of the Mississippi Valley Conservation Authority. The Emonds had a home insurance policy with Trillium Mutual Insurance Company.
In 2019, the Emonds’ home was severely damaged by a flood. Trillium admitted the homeowners’ policy covered the loss, but the parties disagreed on what costs were excluded from coverage. The case focuses on whether the policy fully guaranteed the cost of rebuilding their home.
The SCC will consider whether rebuilding coverage can be restricted by contradictory exclusions written into an underlying insurance policy, among other questions.
The three other civil cases the high court will consider in its winter session are Kuldeep Kaur Ahluwalia v. Amrit Pal Singh Ahluwalia, Ville de Sainte-Julie c. Investissements Laroda inc., and Mohawk Council of Kanesatake v. Louis-Victor Sylvestre, et al.
Upon completion, Fission shareholders will receive 0.1076 Paladin shares for each Fission share held.
Following the acquisition, Paladin shares are expected to list on the Toronto Stock Exchange (TSX), while Fission shares will be delisted from the TSX, OTCQX and Frankfurt Stock Exchange.
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The merger aims to create a clean energy leader with a strong production and growth pipeline including the Langer Heinrich Mine, Patterson Lake South project and Michelin project.
This combination will enhance Paladin’s position in the uranium market, leveraging a structurally tight market and growing nuclear energy demand.
Paladin’s increased presence in international capital markets will be bolstered by its TSX listing, further establishing it as a ASX100-listed pure-play uranium producer.
The company is committed to a sustainable future, focusing on a carbon-free energy transition and strong community engagement.
Paladin CEO Ian Purdy said: “We welcome the Government of Canada’s clearance of the acquisition of Fission and believe that this decision will deliver great benefits for our company and its shareholders, as well as for stakeholders in Australia, Canada and Namibia.
“The combination of Paladin and Fission creates a world-class diverse uranium producer operating in multiple countries, with a high-quality portfolio of production, development and exploration assets.
“The addition of the PLS project in the Athabasca Basin creates a leading Canadian development hub alongside our existing Michelin project, with exploration upside across all the Canadian properties.
“Shareholders of Paladin, including former shareholders of Fission, will benefit from the increased scale of the combined company that will be one of the largest pure-play uranium companies globally, as well as greater exposure to, and interest from, international capital markets.”
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PowerCo’s cell production activities in Europe and North America will benefit from this supply, including its battery cell factory in St. Thomas, Canada. Credit: balipadma/Shutterstock.
Patriot Battery Metals has announced a subscription agreement with Volkswagen, under which Patriot will provide 9.9% of the company’s issued and outstanding common shares to Volkswagen to raise gross proceeds of C$69m ($48m).
The funds from this investment will be directed towards the exploration and development of the Shaakichiuwaanaan Project, including exploration and feasibility studies, and general working capital.
The subscription agreement with Volkswagen involves the issuance of 15,557,500 common shares at C$4.42 each.
This represents a premium of 65% and 35% over the 30-day and 90-day average trading prices, respectively, on the Toronto Stock Exchange (TSX).
Additionally, Patriot will enter a binding offtake agreement with PowerCo, Volkswagen’s battery manufacturer, to supply 100,000 tonnes of spodumene concentrate annually over a ten-year period.
Volkswagen and PowerCo will join an advisory committee for the Shaakichiuwaanaan Project.
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PowerCo’s cell production activities in Europe and North America will benefit from this supply, including its battery cell factory in St. Thomas, Canada.
The factory is expected to become PowerCo’s largest, with a production capacity of up to 90 gigawatt-hours, enough for more than one million electric vehicles annually.
The offtake agreement includes a pricing mechanism linked to lithium chemical and spodumene indices, with regular price reviews.
It is subject to conditions such as a final investment decision and necessary approvals by 30 June 2031. A comprehensive offtake agreement will replace the term sheet post-feasibility study.
Volkswagen will also gain rights to participate in future equity raises and assist in acquiring additional shares.
The agreement includes a 24-month standstill and a restriction on transferring shares for two years, except under specific conditions.
Furthermore, a non-binding memorandum of understanding between Patriot and PowerCo will explore collaboration opportunities including environmental, social and governance standards, downstream partnerships and government support.
The strategic investment is pending TSX approval and is expected to close by mid-January 2025.
Macquarie Capital is acting as financial advisor to Patriot, with Davies Ward Phillips & Vineberg representing the company in Canada, and Allens in Australia.
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Aerial photo of the field pilot, located at the Mission Creek Resources gasplant in Arkansas.GNW
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SWA Lithium and Koch Technology Solutions Teams Collaborate to Design, Build, and Operate a Field-Pilot DLE Facility to Confirm Engineering Design for SWA Project
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Samples of Battery-Quality Lithium Carbonate Produced from the Field-Based Pilot Will be Used in the Qualification Process with Potential Off-Take Partners
EL DORADO, Ark., Dec. 19, 2024 (GLOBE NEWSWIRE) — SWA Lithium, the Joint Venture (“JV”) between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) and Equinor ASA (“Equinor”) which is developing the South West Arkansas Project (“SWA” or the “Project”), is pleased to announce that, in partnership with Koch Technology Solutions (“KTS”), it has successfully designed, built, commissioned, and is now operating, a pilot Direct Lithium Extraction (“DLE”) plant at the South West Arkansas Project. The pilot DLE plant is processing brine directly from SWA to confirm engineering design parameters for the Project and provide samples of battery-quality lithium carbonate for use in the qualification process with potential off-take partners.
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Standard Lithium’s Director and President, Dr. Andy Robinson commented: “The Standard Lithium and Equinor teams, along with our various engineering partners are working hard on the design for our first commercial lithium facility, which will be constructed in southwestern Arkansas in Lafayette and Columbia counties. To date, in order to support that design work, we have been using the huge amount of DLE and flowsheet performance data that we’ve collected at our demonstration plant, combined with testwork completed by KTS using our SWA Project brines. This field-based pilot DLE plant is the final step in ensuring that we have exactly the right data to confirm our design and be sure that we know how our commercial plant will operate once constructed.”
“This pilot DLE plant is using real brine, collected in real-time from one of our Project wells (the IPC well), and we are using the same flowsheet as our commercial lithium facility to produce an intermediate lithium chloride solution, the same as what we do every day in our demonstration plant. We’ll then ship this solution to several selected vendor partners so that they can convert the lithium chloride solution to a battery-quality lithium carbonate product. This will serve two functions; first, it will provide us with lithium carbonate samples produced from the Project that we can use in negotiations with possible off-take partners and start the qualification process; second, it can also help the JV in selecting our preferred carbonate equipment vendor as we work through the design and partner evaluation process.
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The success of this pilot DLE plant is due to the great support and collaboration we have with Mission Creek Resources LLC, and reflects our commitment to form close local partnerships and working relationships. We look forward to keeping our investors informed with data from this important derisking step, and continuing our work towards becoming the first new lithium-from-brine project in North America in over 50 years.”
Highlights of this field-based pilot include:
The heart of the plant is the same KTS Li-Pro™ Lithium Selective Sorption (Li-Pro LSS) technology, as described in our recent news release (28 October 2024);
Continued support and integration from the KTS team to allow full engineering design and optimization for the JV’s first commercial facility;
Brine is being supplied from the JV’s IPC well, which provides a representative brine composition for the SWA Project;
Brine supply and operation of the pilot DLE plant is ongoing and expected to continue until late-January 2025, at which point sufficient operational experience and design data will have been acquired;
Concluding operation of the pilot, it is expected to produce approximately 1,000 gallons (3,785 litres) of concentrated and purified lithium chloride solution (6% LiCl solution);
The 1,000 gallons of 6% LiCl solution will be sent off-site to three separate potential carbonate equipment vendors;
The three vendors will produce, in total, approximately 30 kg of battery-quality lithium carbonate; and,
The battery quality lithium carbonate produced will be used for the first phase(s) of qualification with potential off-take partners, and the performance of the vendors will be used to inform the JV with respect to vendor selection for the carbonate portion of the first commercial facility.
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Figure 1 – Aerial photo of the field pilot, located at the Mission Creek Resources gasplant in Arkansas.
Figure 2 – Close-up of the brine conditioning and DLE steps at the field-based pilot plant.
Incentive Grant
The Company has also granted 863,852 stock options, 423,325 restricted share units (“RSUs”), and 182,040 deferred share units (“DSUs”) to management and directors under the Company’s shareholder-approved incentive plans.
The stock options, exercisable at USD$1.42 per share expire in 60 months. A portion of the options vest in equal thirds over thirty-six months, with the balance vesting immediately. The RSUs will also vest in equal thirds over 36 months. DSUs will vest after 12 months and settle in common shares upon the holder’s departure from the Company or a change of control.
The grant of the incentive securities is intended to align compensation of directors and management with the interests of shareholders. For further information regarding the shareholder-approved incentive plans, readers are encouraged to review the management information circular prepared for the annual general meeting of the Company which includes summaries of the incentive plans and which is available under the profile for the Company on SEDAR+ (www.sedarplus.com) and by visiting the Company’s website (www.standardlithium.com).
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About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of lithium-brine bearing properties in the United States. The Company prioritizes brine projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. The Company aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully-integrated Direct Lithium Extraction (“DLE”) and purification process. The Company’s signature project, the South West Arkansas (SWA) Project, is located on the Smackover Formation in southern Arkansas, a region with a longstanding and established brine processing industry. The Company has also identified a number of highly prospective lithium brine project areas in the Smackover Formation in East Texas (“ETX”) and is conducting an extensive brine leasing program in this region. The Company is developing the SWA Project and the ETX project in a 55:45 Joint Venture with Equinor. In addition, the Company has an interest in certain mineral leases located in the Mojave Desert in San Bernardino County, California.
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Standard Lithium trades on both the TSX Venture Exchange (“TSXV”) and the NYSE American under the symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com for more information.
About Equinor
Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and is present in around 30 countries worldwide. Our partnership with Standard Lithium to mature DLE projects builds on our broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects.
Koch Technology Solutions is the technology licensing business of Koch Engineered Solutions (KES). KTS creates value for its customers across a growing portfolio of technologies including direct lithium extraction, the polyester value chain, and 1,4-Butananediol plus its derivates. KTS combines its exclusive technologies, expertise, and capabilities with those of other KES companies to provide overall solutions to optimize customer’s capital investments and existing manufacturing assets.
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Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “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 laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, continued operation of the demonstration plant and the pilot DLE plant, regulatory or government requirements or approvals, the reliability of third party information, continued production of lithium chloride solutions, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.
Aerial photo of the field pilot, located at the Mission Creek Resources gasplant in Arkansas.GNW
Article content
SWA Lithium and Koch Technology Solutions Teams Collaborate to Design, Build, and Operate a Field-Pilot DLE Facility to Confirm Engineering Design for SWA Project
Article content
Article content
Samples of Battery-Quality Lithium Carbonate Produced from the Field-Based Pilot Will be Used in the Qualification Process with Potential Off-Take Partners
EL DORADO, Ark., Dec. 19, 2024 (GLOBE NEWSWIRE) — SWA Lithium, the Joint Venture (“JV”) between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) and Equinor ASA (“Equinor”) which is developing the South West Arkansas Project (“SWA” or the “Project”), is pleased to announce that, in partnership with Koch Technology Solutions (“KTS”), it has successfully designed, built, commissioned, and is now operating, a pilot Direct Lithium Extraction (“DLE”) plant at the South West Arkansas Project. The pilot DLE plant is processing brine directly from SWA to confirm engineering design parameters for the Project and provide samples of battery-quality lithium carbonate for use in the qualification process with potential off-take partners.
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Standard Lithium’s Director and President, Dr. Andy Robinson commented: “The Standard Lithium and Equinor teams, along with our various engineering partners are working hard on the design for our first commercial lithium facility, which will be constructed in southwestern Arkansas in Lafayette and Columbia counties. To date, in order to support that design work, we have been using the huge amount of DLE and flowsheet performance data that we’ve collected at our demonstration plant, combined with testwork completed by KTS using our SWA Project brines. This field-based pilot DLE plant is the final step in ensuring that we have exactly the right data to confirm our design and be sure that we know how our commercial plant will operate once constructed.”
“This pilot DLE plant is using real brine, collected in real-time from one of our Project wells (the IPC well), and we are using the same flowsheet as our commercial lithium facility to produce an intermediate lithium chloride solution, the same as what we do every day in our demonstration plant. We’ll then ship this solution to several selected vendor partners so that they can convert the lithium chloride solution to a battery-quality lithium carbonate product. This will serve two functions; first, it will provide us with lithium carbonate samples produced from the Project that we can use in negotiations with possible off-take partners and start the qualification process; second, it can also help the JV in selecting our preferred carbonate equipment vendor as we work through the design and partner evaluation process.
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The success of this pilot DLE plant is due to the great support and collaboration we have with Mission Creek Resources LLC, and reflects our commitment to form close local partnerships and working relationships. We look forward to keeping our investors informed with data from this important derisking step, and continuing our work towards becoming the first new lithium-from-brine project in North America in over 50 years.”
Highlights of this field-based pilot include:
The heart of the plant is the same KTS Li-Pro™ Lithium Selective Sorption (Li-Pro LSS) technology, as described in our recent news release (28 October 2024);
Continued support and integration from the KTS team to allow full engineering design and optimization for the JV’s first commercial facility;
Brine is being supplied from the JV’s IPC well, which provides a representative brine composition for the SWA Project;
Brine supply and operation of the pilot DLE plant is ongoing and expected to continue until late-January 2025, at which point sufficient operational experience and design data will have been acquired;
Concluding operation of the pilot, it is expected to produce approximately 1,000 gallons (3,785 litres) of concentrated and purified lithium chloride solution (6% LiCl solution);
The 1,000 gallons of 6% LiCl solution will be sent off-site to three separate potential carbonate equipment vendors;
The three vendors will produce, in total, approximately 30 kg of battery-quality lithium carbonate; and,
The battery quality lithium carbonate produced will be used for the first phase(s) of qualification with potential off-take partners, and the performance of the vendors will be used to inform the JV with respect to vendor selection for the carbonate portion of the first commercial facility.
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Figure 1 – Aerial photo of the field pilot, located at the Mission Creek Resources gasplant in Arkansas.
Figure 2 – Close-up of the brine conditioning and DLE steps at the field-based pilot plant.
Incentive Grant
The Company has also granted 863,852 stock options, 423,325 restricted share units (“RSUs”), and 182,040 deferred share units (“DSUs”) to management and directors under the Company’s shareholder-approved incentive plans.
The stock options, exercisable at USD$1.42 per share expire in 60 months. A portion of the options vest in equal thirds over thirty-six months, with the balance vesting immediately. The RSUs will also vest in equal thirds over 36 months. DSUs will vest after 12 months and settle in common shares upon the holder’s departure from the Company or a change of control.
The grant of the incentive securities is intended to align compensation of directors and management with the interests of shareholders. For further information regarding the shareholder-approved incentive plans, readers are encouraged to review the management information circular prepared for the annual general meeting of the Company which includes summaries of the incentive plans and which is available under the profile for the Company on SEDAR+ (www.sedarplus.com) and by visiting the Company’s website (www.standardlithium.com).
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About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of lithium-brine bearing properties in the United States. The Company prioritizes brine projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. The Company aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully-integrated Direct Lithium Extraction (“DLE”) and purification process. The Company’s signature project, the South West Arkansas (SWA) Project, is located on the Smackover Formation in southern Arkansas, a region with a longstanding and established brine processing industry. The Company has also identified a number of highly prospective lithium brine project areas in the Smackover Formation in East Texas (“ETX”) and is conducting an extensive brine leasing program in this region. The Company is developing the SWA Project and the ETX project in a 55:45 Joint Venture with Equinor. In addition, the Company has an interest in certain mineral leases located in the Mojave Desert in San Bernardino County, California.
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Standard Lithium trades on both the TSX Venture Exchange (“TSXV”) and the NYSE American under the symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com for more information.
About Equinor
Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and is present in around 30 countries worldwide. Our partnership with Standard Lithium to mature DLE projects builds on our broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects.
Koch Technology Solutions is the technology licensing business of Koch Engineered Solutions (KES). KTS creates value for its customers across a growing portfolio of technologies including direct lithium extraction, the polyester value chain, and 1,4-Butananediol plus its derivates. KTS combines its exclusive technologies, expertise, and capabilities with those of other KES companies to provide overall solutions to optimize customer’s capital investments and existing manufacturing assets.
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Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “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 laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, continued operation of the demonstration plant and the pilot DLE plant, regulatory or government requirements or approvals, the reliability of third party information, continued production of lithium chloride solutions, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
(MENAFN– Newsfile Corp)
Scottsdale, Arizona–(Newsfile Corp. – December 19, 2024) – TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) (the Company or TriStar) is pleased to provide an update on the requests from a federal Public Prosecutor to government regulators related to the Company’s Castelo de Sonhos gold project in Brazil; see press release dated October 1, 2024 , for the details of these requests.
The Company’s LP permit for Castelo de Sonhos remains valid; also known as the Licença Prévia or Preliminary License, it represents the most critical permitting milestone. The permit was received in August 2024 (see press release dated August 29, 2024 for details). The permit is in good standing and there are no restrictions in place that would stop the project from moving forward.
The government regulators, including the Pará Secretariat for the Environment and Sustainability (SEMAS), our principal regulator, have provided responses to the public prosecutor from the Federal Public Prosecution Office (MPF). The regulators, and importantly SEMAS have provided a strong technical defense of the permitting process and the results of the LP permit approval. TriStar has also submitted a defense of the permitting process, showing how we not only applied the letter of the law but in most areas, also went much further and made sure that all possible impacts from the planned future mine were considered.
“We are very encouraged to see the strong show of support by SEMAS in defense of the robust permitting process completed over the course of 2 years at Castelo de Sonhos and remain confident that this process fully and accurately accounts for potential impacts of developing Castelo de Sonhos,” says Nick Appleyard, TriStar’s President and CEO. “We are evaluating our options to finance the project so that we can perform the required drilling and feasibility studies that will allow us to move forward towards a construction decision.”
About TriStar
TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The Company’s current flagship property is the Castelo de Sonhos gold project in Pará State, Brazil. TriStar has completed a pre-feasibility study and is now working to advance the project towards a feasibility study while evaluating optimization options. The Company’s shares trade on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF . Further information is available at .
ON BEHALF OF THE BOARD OF DIRECTORS OF THE COMPANY:
Nick Appleyard President and CEO 480-794-1244
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 release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forward-Looking Statements
Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the “safe harbour” provisions under the United States Private Securities Litigation Reform Act of 1995. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Such forward-looking statements are based upon the Company’s reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company’s plans to change include changes in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; effects of the COVID-19 virus on all aspects of the Company’s business, the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of the Company’s projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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SOURCE: TriStar Gold Inc.
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