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Forward-looking statements are based on management’s current expectations, estimates, projections, assumptions and beliefs as of the date of this news release. These assumptions include, without limitation: the Company’s ability to complete the acquisition of the NVRO Metals Hub on the terms and timelines currently contemplated, or at all; the implementation of the DOCA and the satisfaction or waiver of all conditions to closing; the receipt of all required regulatory, stock exchange, court, creditor, counterparty and other approvals, including acceptance of the TSXV; the Company’s ability to obtain the financing required to complete the acquisition and to refurbish, commission, restart, develop and operate the NVRO Metals Hub on acceptable terms; the accuracy of the Mineral Resource Estimate and the technical, geological, metallurgical, engineering, operating, economic and financial assumptions underlying the Mineral Resource Estimate and the Company’s development plans; the accuracy and completeness of the underlying drill hole, assay, geological, metallurgical, historical and other technical data used to prepare the Mineral Resource Estimate; the reasonableness of the cut-off grades, metal prices, metallurgical recoveries, copper-equivalent calculations, resource classifications and other assumptions used in the Mineral Resource Estimate; the availability, grade, continuity, recoverability and processing characteristics of the oxide and sulfide Mineral Resources; the supporting technical report in respect of the Mineral Resource Estimate being filed within the prescribed period and being consistent in all material respects with the disclosure in this news release; the availability, condition, capacity and suitability of the existing hydrometallurgical processing facility and related infrastructure for the Company’s planned operations; the Company’s ability to implement the planned near-term oxide restart strategy; the Company’s ability to refurbish, commission, restart and operate the NVRO Metals Hub on acceptable timelines and costs; the Company’s ability to achieve anticipated production rates, throughput, recoveries, product specifications, operating costs and capital costs; the Company’s ability to produce copper cathode and cobalt, nickel and other intermediate or saleable products as currently contemplated; the ability of the existing infrastructure to support near-term production, third-party processing opportunities and deployment of the NVRO Process™; the Company’s ability to deploy, commercialize and operate the NVRO Process™ at commercial or industrial scale; the availability of required feedstock, reagents, equipment, labour, contractors, utilities, water, power, transportation and other inputs; the Company’s ability to obtain, maintain and comply with required permits, licences, land access rights and environmental, regulatory and governmental approvals; the Company’s ability to establish the NVRO Metals Hub as a centralized precious and critical minerals processing platform; the Company’s ability to identify and advance third-party processing opportunities and future processing hubs; and market conditions, commodity prices, foreign exchange rates, interest rates, inflation, logistics, supply chains, regulatory conditions and general economic, political and business conditions remaining sufficiently supportive of the Company’s plans.
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Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, without limitation: the risk that the acquisition of the NVRO Metals Hub may not be completed on the terms currently contemplated or at all; the risk that the DOCA may not be implemented as currently contemplated or at all; the risk that conditions to closing may not be satisfied or waived; the risk that required regulatory, stock exchange, court, creditor, counterparty or other approvals, including acceptance of the TSXV, may not be obtained on the timelines currently expected or at all; the risk that the Company may not obtain the financing required to complete the acquisition, refurbish, commission, restart, develop and operate the NVRO Metals Hub on acceptable terms or at all; risks associated with Mineral Resource estimates, including that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and that there is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves; risks that the final technical report may not be filed within the expected timeframe or may contain information that differs materially from the disclosure in this news release; risks associated with the accuracy, completeness and reliability of technical, geological, metallurgical, resource, engineering, operating, economic and financial assumptions and data; risks that actual tonnage, grades, recoveries, continuity, classification, cut-off grades, metal prices, copper-equivalent calculations or other parameters may differ materially from those currently estimated; risks that the oxide Mineral Resource may not support near-term production or operating cash flow as currently expected; risks that the sulfide Mineral Resource may not support future development phases, expansion opportunities or deployment of the NVRO Process™ as currently expected; risks that refurbishment, commissioning, restart, development and operating activities may be delayed, more costly than expected or unsuccessful; risks relating to the condition, suitability, capacity and economic viability of the existing hydrometallurgical processing facility and related infrastructure; risks that actual production, throughput, grades, recoveries, product specifications, operating costs, capital costs, timing or other operating or economic outcomes may differ materially from current estimates and expectations; risks relating to the availability, quality, grade, recoverability and processing characteristics of Company-owned resources and any third-party feedstocks; risks that the NVRO Process™ may not be successfully deployed, commercialized or operated at commercial or industrial scale; technical, metallurgical, operational, environmental, health and safety risks associated with processing complex materials; risks that the Company may not generate operating cash flow from the NVRO Metals Hub on the timelines or in the amounts currently expected or at all; permitting, environmental, regulatory, governmental, community, land access, native title, stakeholder and counterparty risks and delays; risks relating to title, tenure, access, rehabilitation, reclamation, mine closure obligations, environmental liabilities and other legacy liabilities; risks associated with operating in Australia and other jurisdictions; risks that the Company may not be able to establish the NVRO Metals Hub as a centralized precious and critical minerals processing platform; risks that third-party processing opportunities, customer relationships or additional processing hubs may not be advanced or realized as currently contemplated or at all; changes in commodity prices, foreign exchange rates, interest rates, inflation, taxes, royalties, operating costs, capital costs, market conditions, logistics and supply chain conditions; competition for projects, feedstocks, infrastructure, financing, equipment, contractors, personnel and strategic partners; reliance on key personnel, contractors, consultants and technical advisors; changes in laws, regulations, government policy, permitting requirements or stock exchange requirements; market price volatility in the Company’s securities; general economic, political, market and business conditions; and other risks and uncertainties beyond the Company’s control.
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Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results, performance, achievements, events or developments not to be as anticipated, estimated, forecasted or intended. Forward-looking statements are not guarantees of future performance. Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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English (US)