Latest news with #Cariboo
Globe and Mail
07-07-2025
- Business
- Globe and Mail
CORRECTION - Osisko Development Announces Positive Bulk Tonnage Ore Sorting Results for the Cariboo Gold Project
In a release issued under the same headline on July 7, 2025, by Osisko Development Corp. (NYSE: ODV, TSXV: ODV), please note that the highlights section and eleventh paragraph have been updated to reflect the correct reference to gold recovery for the 6–10 mm fraction of "92%" instead of "95%". The corrected release follows: HIGHLIGHTS X-ray transmission (XRT) ore sorter testwork of a ~80 tonne sample taken from the Cariboo underground achieved positive results consistent with 2025 FS parameters 42-55% waste rejection with 84-89% gold recovery achieved by sorting mid-size and oversize sample material including 10 – 30 mm and 30 – 70 mm size fractions, respectively Encouraging results from testing the previously unassessed 6–10 mm size fraction, made possible by recent advancements in AI, demonstrated 59% waste rejection and 92% gold recovery, highlighting a potential opportunity for future optimization 2.0-2.1 upgrade ratio consistent with 2025 FS assumption of 1.95 New testwork represents a significantly larger data set, with previous sorting totalling ~5 tonnes and completed largely on material sourced from drill core 76% of the contained gold in the test sample estimated to report to the fines fraction (<10 mm) Flowsheet optimization work, including a variability study to refine assumptions across the deposit, is contemplated to be completed as part of detailed engineering MONTREAL, July 07, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (" Osisko Development" or the " Company") is pleased to announce positive results from an ore sorting testing program conducted on a bulk tonnage sample of mineralized material extracted from its permitted, 100%-owned Cariboo Gold Project (" Cariboo" or the " Project"), located in central British Columbia (" B.C."), Canada. The testwork results demonstrate gold recoveries, mass pull, and upgrade ratios consistent with the assumptions outlined in the 2025 FS (as defined herein), and were conducted on a significantly larger scale than previous programs. Importantly, positive results on a previously untested smaller 6–10 mm size fraction may represent a meaningful opportunity for flowsheet optimization. Key summary results are presented in Table 1: Table 1: Cariboo Ore Sorting Results Summary vs. 2025 FS Assumptions Particle Size Sample Mass 2025 Ore Sorter Results 2025 FS Assumptions (mm) (tonnes) Mass Pull Gold Recovery Upgrade Ratio Mass Pull Gold Recovery Upgrade Ratio 6–10 8 41 % 92 % 2.23 — not tested — 10–30 61 45 % 89 % 1.96 14-49% 89.1-96.6% 1.95 30–70 10 58 % 84 % 2.06 14-49% 89.1-96.6% 1.95 1. Mass pull is defined as the percentage of total feed material retained for further processing, with waste rejection being the equivalent inverse measure. 2. Upgrade ratio is defined as the concentrate material grade (post-sorting) divided by the feed material grade (pre-sorting). Meaning if feed grade is x g/t Au an upgrade ratio of 2.0 would equate to 2x g/t Au in post-sorting material. The program, carried out by the Saskatchewan Research Council (" SRC") with support from TOMRA Sorting (" TOMRA") at SRC's testing facility in Saskatoon, Saskatchewan, Canada, utilized an x-ray transmission sensor (" XRT") to evaluate ~80 tonnes of split material (representative of a ~400 tonne bulk sample) using a production-scale TOMRA COM 1200 Tertiary XRT machine. The ore sorter pre-concentrate circuit in the 2025 FS is designed to utilize an XRT sensor to separate unmineralized sandstone (waste rock) from the gold-associated sulfide material (metal bearing rock) based on atomic density. Since the XRT scanner detects sulfide material as high-density and waste as low-density, it can selectively divert marginal material away from the next processing stage at a low cost of approximately C$1-2 per tonne while generating a predominantly non-potentially acid generating (" NPAG") waste product. Sample material, extracted from the underground Lowhee Zone, was initially crushed, screened and split to produce several particle size fractions for testing: (i) fines (<10 mm); (ii) mid-size (10–30 mm); and (iii) oversize (30–70 mm). Additional testing was carried out on a 6–10 mm particle size, which was previously unassessed and not part of the 2025 FS. Methodologies and Additional Observations Overview. The completed ore sorter testwork represents one of the largest programs of its kind, using mineralized material taken directly from the underground. The objective was to further optimize and validate ore sorting parameters within the processing flowsheet, and inform areas for additional opportunities. Previous ore sorter testwork used as the basis for the 2025 FS assumptions primarily relied on laboratory and pilot scale work that in aggregate totalled ~5 tonnes of material largely sourced from drill core samples. Methodology. Consistent with the parameters outlined in the 2025 FS and previous testwork, material was tested in separate size-based tranches. Fines particles of 10 mm or smaller bypassed the sorter, while particles between 10–30 mm and 30–70 mm underwent sorter testing. The sorter was set up for each size fraction by changing the ejection modules between runs with different particle sizes. Each sample tranche was tested in a cascade-style test wherein sorter settings were adjusted between passes to evaluate the relationship between mass pull and recovery. The latest software available from TOMRA was used including recent artificial intelligence (AI) developments implemented by TOMRA. This includes Tomra's "Deep Learning" algorithm, an AI function which uses the intensity of the XRT signal to estimate the depth dimension of a particle, improving the prediction in the 3rd dimension. The five settings used to develop the cascade style test were: ultra-high (>50% of area is sulphide), high sulphide (greater than 20% area), medium sulphide (between 10% and 20% area), and low sulphide (between 5% and 10% area). The first pass targeted the most x-ray responsive material, yielding the highest gold grade, but with lower overall recovery. Subsequent passes were conducted until a target mass pull of approximately 50% was achieved. Opportunities & Next Steps. Testing on a subsample of the fines material consisting of 8 tonnes of the 6–10 mm size fraction, enabled by recent advancements in AI software, showed promising results including 92% gold recovery with a 41% mass pull (refer to Table 1). This size fraction was previously untested for ore sorting and may represent a material opportunity for future flowsheet optimization. An estimated 76% of the gold reported to the fines size fraction in the ore sorter testwork sample, which is elevated relative to the 2025 FS assumption of 45% (see Figure 1), but would contribute to higher overall recoveries. Optimization of the fragmentation model is underway as part of detailed engineering, to refine the process flow sheet parameters. A variability study is contemplated as part of detailed engineering to refine sorting assumptions across the deposit. This will include both laboratory scale work and tests on operating sized equipment. Quality Assurance (QA) / Quality Control (QC) The samples were received at SRC and screened into their separate size fractions (6-10 mm, 10-30 mm, and 30-70 mm). Each size fraction was assayed individually to generate a head assay for each of the tranches. During the processing of each tranche through the sorter, sub samples of product and waste were collected using a sample cutter and observed by Osisko Development's integrated owners team metallurgists. The sub-samples were sent to Base Met lab in Kamloops, B.C., Canada for standard 30g fire assay, in duplicate. For any assays with significant difference between the duplicates additional screen metallics fire assay was used. Screen metallics fire assays are conducted on 1,000 g samples. The material is first screened on a 106 mesh screen and all the coarse material is assayed to extinction. The material passing through the screen is fire assayed in triplicate using 30 g samples and an AA finish. ABOUT CARIBOO GOLD PROJECT The Cariboo Gold Project is a permitted, 100%-owned feasibility-stage project located in the historic Wells-Barkerville mining camp of central British Columbia, Canada. Spanning approximately 186,740 hectares, the Company's land package includes 443 mineral titles and covers a ~77-kilometre strike of highly prospective exploration targets extending northwest to southeast. In late 2024, the Project was granted the Mines Act and Environmental Management Act (British Columbia) permits, marking the successful completion of the permitting process for key approvals, solidifying the Project's shovel-ready status. The Cariboo Gold Project hosts probable mineral reserves of 2.07 million ounces of contained Au (17,815 kt grading 3.62 g/t Au); measured mineral resources of 8,000 ounces of contained Au (47 kt grading 5.06 g/t Au); indicated mineral resources of 1.60 million ounces of contained Au (17,332 kt grading 2.88 g/t Au); and inferred mineral resources of 1.86 million ounces of contained Au (18,774 kt grading 3.09 g/t Au). Mineral resources are reported exclusive of mineral reserves. Qualified Persons The scientific and technical information contained in this news release has been reviewed and approved by Tad Crowie, Senior Metallurgist of JDS Energy & Mining Inc. and Victor Gauthier, Manager – Technical Services of Osisko Development, each of whom is considered to be a "qualified person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (" NI 43-101"). Technical Reports Information relating to Cariboo Gold Project and the 2025 feasibility study (" 2025 FS") are supported by the technical report, titled "NI 43-101 Technical Report, Feasibility Study for the Cariboo Gold Project, District of Wells, British Columbia, Canada" and dated June 11, 2025 (with an effective date of April 25, 2025) (the " Technical Report"). The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context. Reference should be made to the full text of the Technical Report, including all assumptions, qualifications and limitations therein, which is available electronically on SEDAR+ ( and on EDGAR ( under Osisko Development's issuer profile and on the Company's website at _____________________ End Notes (excluding tables) 1. In this news release the Company uses certain abbreviations, including: million ("m"); thousand ("k"); metric tonne ("t"); troy ounce ("oz"); grams per tonne ("g/t"); gold ("Au"); grams ("g"). ______________________ ABOUT OSISKO DEVELOPMENT CORP. Osisko Development Corp. is a continental North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. The Company's objective is to become an intermediate gold producer by advancing its flagship permitted 100%-owned Cariboo Gold Project, located in central B.C., Canada. Its project pipeline is complemented by the Tintic Project in the historic East Tintic mining district in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico—brownfield properties with significant exploration potential, extensive historical mining data, access to existing infrastructure and skilled labour. The Company's strategy is to develop attractive, long-life, socially and environmentally responsible mining assets, while minimizing exposure to development risk and growing mineral resources. For further information, visit our website at or contact: Sean Roosen Philip Rabenok Chairman and CEO Vice President, Investor Relations Email: sroosen@ Email: prabenok@ Tel: +1 (514) 940-0685 Tel: +1 (437) 423-3644 CAUTION REGARDING FORWARD LOOKING STATEMENTS Certain statements contained in this news release may be deemed "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 (together, "forward-looking statements"). These forward-looking statements, by their nature, require Osisko Development to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements are not guarantees of performance. Words such as "may", "will", "would", "could", "expect", "believe", "plan", "anticipate", "intend", "estimate", "continue", or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including the assumptions, qualifications and limitations relating to the Cariboo Gold Project being permitted; assumptions, qualifications and parameters underlying the 2025 FS (including, but not limited to, the mineral resources, mineral reserves, production profile, mine design and project economics); the results of the ore sorter testwork as an indicator of quality and consistency with the assumptions underlying the 2025 FS, as well as other considerations that are believed to be appropriate in the circumstances; the ability and timing of the Company to attain future optimizations as a result of the ore sorter testwork (if at all); the significance and impact of ore sorting results on the previously untested 6-10 mm material (if any); the reliability of recent advancements in AI, including to identify potential opportunities for future optimization; the relevance and representativity of the size and quality of the ore sorter testwork; the ability and timing of the Company to complete a variability study and the impact thereof (if any); the ability of the Company to achieve ore sorting as contemplated by the 2025 FS; the ability of ore sorting to achieve operating costs as estimated; the ability of ore sorting to generate a non-potentially acid generating waste product; the potential impact of tariffs and other trade restrictions (if any); management's perceptions of historical trends, current conditions and expected future developments; the utility and significance of historic data, including the significance of the district hosting past producing mines, and any other information herein that is not a historical fact may be "forward looking information". Osisko Development considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko Development, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko Development and its business. Such risks and uncertainties include, among others, risks relating to third-party approvals, including the issuance of permits by governments, capital market conditions and the Company's ability to access capital on terms acceptable to the Company for the contemplated exploration and development at the Company's properties; the ability to continue current operations and exploration; regulatory framework and presence of laws and regulations that may impose restrictions on mining; errors in management's geological modelling; the timing and ability of the Company to obtain and maintain required approvals and permits; the results of exploration activities; risks relating to exploration, development and mining activities; the global economic climate; fluctuations in metal and commodity prices; fluctuations in the currency markets; dilution; environmental risks; and community, non-governmental and governmental actions and the impact of stakeholder actions. Osisko Development is confident a robust consultation process was followed in relation to its received BC Mines Act and Environmental Management Act permits for the Cariboo Gold Project and continues to actively consult and engage with Indigenous nations and stakeholders. While any party may seek to have the decision related to the BC Mines Act and/or Environmental Management Act permits reviewed by the courts, the Company does not expect that such a review would, were it to occur, impact its ability to proceed with the construction and operation of the Cariboo Gold Project in accordance with the approved BC Mines Act and Environmental Management Act permits. Readers are urged to consult the disclosure provided under the heading "Risk Factors" in the Company's annual information form for the year ended December 31, 2024 as well as the financial statements and MD&A for the year ended December 31, 2024 and quarter ended March 31, 2025, which have been filed on SEDAR+ ( under Osisko Development's issuer profile and on the SEC's EDGAR website ( for further information regarding the risks and other factors facing the Company, its business and operations. Although the Company's believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Yahoo
23-06-2025
- Business
- Yahoo
Tana secures option for British Columbia copper-gold project
Eagle Plains Resources has granted Tana Resources, a Canadian private mining exploration company, an exclusive option to acquire up to a 75% interest in its Mount Polly West copper-gold project in British Columbia's Cariboo region. The project spans 7,407 hectares (ha) and is adjacent to Imperial Metals' Mount Polley property. Both companies' management teams see the project's potential for copper-gold porphyry and epithermal gold mineralisation. Historical trenching at the site has yielded positive results, including 1.12% copper over 35m, with a high-grade section of 7.12% copper over 5m. Previous explorations have identified multiple mineralised intrusions and geophysical and geochemical anomalies that suggest the presence of additional prospective intrusions. Eagle Plains' exploration efforts have also discovered basal till gold grain counts, indicating potential proximal sources. To exercise the option, Tana must make cash payments, share issuances and fund exploration expenditures. The agreement is divided into two phases, with the first option allowing Tana to acquire a 60% interest by paying C$250,000 ($182,836), issuing 2.75 million common shares and funding C$3m in exploration over four years. The second option enables Tana to acquire an additional 15% interest by completing a bankable feasibility study by 31 December 2031. Tana CEO Vic Koraijan said: "We are excited to add the Mount Polley West project to the Tana portfolio and work with the Eagle Plains, one of the top project generators.' If Tana exercises either option, Eagle Plains will receive a 2% smelter return royalty on part of the property, with a buyback option for half the royalty. Eagle Plains will act as the operator and may use TerraLogic Exploration as a geoscience consultant. Upon exercising the options, Tana and Eagle Plains will form a joint venture (JV) to continue exploring and developing the property. Eagle Plains CEO and president Chuck Downie said: "Grass roots fieldwork by Eagle Plains and past operators at MPW has identified many of the geological indicators associated with porphyry and epithermal mineralising systems and we look forward to working with the Tana team to advance the project.' "Tana secures option for British Columbia copper-gold project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
BTIG upgrades Doximity saying pullback on macro fears overdone
-- BTIG upgraded Doximity Inc (NYSE:DOCS) to Buy from Neutral and set a price target of $80, saying recent macro concerns are overstated and demand for the company's digital pharma sales tools remains strong. Doximity shares have fallen from a recent high of $83 to around $52, pressured by fears of drug pricing reform, potential U.S.-China trade tensions, and broader macro uncertainty. But BTIG said the company's fundamentals remain intact and its guidance for fiscal 2026 is likely conservative. 'Our view is that many of the concerns driving the recent pullback are overdone,' analysts wrote. DOCS has beaten consensus revenue and EBITDA in 16 of the past 16 quarters, and tends to guide conservatively. The firm pointed to Doximity's trailing 12-month net revenue retention rate of 119%, including 123% among its top 20 clients, as a sign of strong customer engagement. It also cited a 92% gross margin, EBITDA margin of 55%, and a debt-free balance sheet with $900 million in cash. BTIG expects demand for targeted pharma sales technology to remain strong despite pressure on research-related services. The firm said recent results from peer Veeva showed the highest commercial revenue growth in three years, reinforcing the trend. Doximity's self-service portal, which allows clients to directly manage campaign spending, was also highlighted as proof of high return on investment. Valuation-wise, DOCS trades at 21.7x estimated 2027 EBITDA, slightly above the peer average. BTIG's $80 target implies 35x, which it said is justified by strong margins and high visibility in revenue. 'The company is well -positioned to benefit from the bio -pharma recovery, and we expect demand for digital advertising solutions to pick back up,' BTIG added. Related articles BTIG upgrades Doximity saying pullback on macro fears overdone RBC upgrades Osisko to Outperform as Cariboo project advances Closed Newark runway reopens ahead of schedule after renovations
CBC
09-05-2025
- Politics
- CBC
B.C. judge grants injunction in legal battle over tailings dam at Mount Polley mine
The B.C. Supreme Court has ordered a pause of operations at a wastewater storage facility at the Mount Polley mine as an addition to the dam is challenged by a local First Nation. The court's decision issued Thursday orders the Mount Polley Mining Corp. not deposit mine tailings into a storage dam that is being raised before July 1. Justice Gary Weatherill has scheduled a four-day hearing starting June 24 for the case as part of the court's order on Thursday. A similar storage site at the mine in B.C.'s Cariboo region, about 370 kilometres northeast of Vancouver, collapsed in August 2014, spilling about 25 million cubic metres of water and tailings into nearby waterways in one of the worst environmental disasters in B.C. The ruling comes after the Xatsull First Nation applied for an emergency injunction to stop a four-metre addition on the tailings dam while the court hears a judicial review of the construction's approval by the provincial government. The court's decision does not include a pause on construction of the tailings storage facility. The Xatsull First Nation said it welcomes the court's decision, and will argue during the hearing next month that the pause of tailing deposits should remain in place until the judicial review has been decided. It said the decision will help ensure no further harm from increased levels of tailings deposits will be done until the judicial review is heard. "Under the circumstances, and especially given the devastating history of Mount Polley, Xatsull welcomes the court's determination," the First Nation said in a statement. Dispute over consultation process The nation said the province is at risk of losing the progress that it has made toward reconciliation because it is allowing the tailings storage facility to be raised without the legally required environmental assessment and without obtaining Xatsull's consent. The Xatsull also urged Imperial Metals, Mount Polley's parent company, and the province to "act in good faith" in strengthening their relationship with the nation in a way that "honours Xatsull's role in the territory now and for generations to come." The province and Imperial Metals have not responded to requests from The Canadian Press for comment on the latest court order. The B.C. government said it approved the addition on the dam to safely manage the spring runoff, and that the project was reviewed by technical experts and in consultation with First Nations. In its response to the Xatsull's legal challenge, the province said its ministers for mining and environment did properly consult the Xatsull on the project before approval was given. "The consultation with Xatsull undertaken by the province included engagement with the Environmental Assessment Office and with the Major Mines Office of the Ministry of Mining and Critical Minerals … and upheld honour of the Crown," its response said. "The Ministers' decision reflects the substantive consideration of Xatsull's concerns and legal position in relation to the interpretation of the statutory instruments, the process for authorizing the tailings storage facility raise, and the substantive concerns advanced concerning a heightened environmental risk from the tailings storage facility raise." The province had also argued that Mount Polley has a valid environmental assessment certificate for raising the dam and that construction on the project should not be paused during the legal challenge. "Even in [Xatsull's] materials, there is no evidence that the design of the tailings storage facility raise is not safe, nor that irreparable harm will result from its construction," the provincial response said. In its legal response, the Mount Polley Mining Corp. also argued against pausing construction on the project, voicing support for the hearing to be held at the end of June for "allowing Xatsull's concerns to be heard in full on their merits." "Construction of the tailings storage facility raise is well underway," Mount Polley's response said. "It also requires the entire construction season to complete, and even a short delay risks that the work is not complete this season." The company also said stopping operations at the mine could result in Mount Polley having to lay off about 255 unionized workers and the loss of tens of millions of dollars of business to the mine's various suppliers and vendors, ranging from corporate contractors to small family-run businesses.
Yahoo
28-02-2025
- Business
- Yahoo
Fitzroy Minerals Provides Update on Ptolemy Acquisition
VANCOUVER, BRITISH COLUMBIA - February 28, 2025 (NEWMEDIAWIRE) - FITZROY MINERALS INC. (TSXV: FTZ, OTCQB: FTZFF) ("Fitzroy Minerals" or the "Company") is pleased to provide an update on its pending acquisition of Ptolemy Mining Limited ("Ptolemy") pursuant to a share exchange agreement (the "Agreement") entered into by the Company, Ptolemy, and Ptolemy's shareholders dated October 30, 2024 (the "Acquisition"). On February [27], 2025, the Company entered into an amendment to the Agreement, pursuant to which the outside date for the completion of the Acquisition was extended from February 28, 2025 to March 31, 2025. On November 28, 2024, the Company received conditional approval from the TSX Venture Exchange (the "Exchange") to close the Acquisition, subject to satisfying several conditions, including the completion of the audit on Ptolemy's financial statements, and completion of the Company's previously announced non-brokered private placement (the "Offering") of a minimum of 16,666,666 units (each, a "Unit") and a maximum of 20,000,000 Units at a price of $0.15 per Unit for minimum gross proceeds of $2,500,000 and maximum gross proceeds of $3,000,000. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Under the new terms, each whole warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.25 for a period of three years. The Offering is now fully subscribed, and the parties continue to work diligently to complete the remaining legal formalities in relation to the Acquisition. Both the Offering and Acquisition are expected to close concurrently in March, subject to the satisfaction or waiver of certain conditions, including the final approval of the Exchange. For more information on the Acquisition and the Offering, please refer to the Company's press releases dated October 30, 2024, November 8, 2024, November 28, 2024 and January 30, 2025. About Fitzroy Minerals Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the Americas. The Company's current property portfolio includes the Caballos Copper and Polimet Gold-Copper-Silver projects located in Valparaiso, Chile, and the Taquetren Gold project located in Rio Negro, Argentina, as well as the Cariboo project in British Columbia, Canada. Fitzroy Minerals' shares are listed on the TSX Venture Exchange under the symbol FTZ and on the OTCQB under the symbol FTZFF. On behalf of Fitzroy Minerals Inc. Merlin Marr-JohnsonPresident and CEO For further information, please contact:Merlin Marr-Johnsonmmj@ 7803 712280 For more information on Fitzroy Minerals, please visit the Company's website: This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Neither Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the completion of the Acquisition and the Offering, and timely receipt of all necessary approvals, including any requisite approval of the Exchange. Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of the Company. Such statements can generally, but not always, be identified by words such as "expects", "plans", "anticipates", "intends", "estimates", "forecasts", "schedules", "prepares", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. All statements that describe the Company's plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by the Company that the actual results realized in the future will be the same in whole or in part as those presented herein. the Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. 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 could cause actions, events or results not to be as anticipated, estimated or intended. For more information on the Company and the risks and challenges of its business, investors should review the Company's filings that are available at . The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any for-ward looking statements, other than as required by law. Sign in to access your portfolio
