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“This resource estimate validates much more than a mineral deposit,” said Grant Freeman, Chief Executive Officer of the Company. “It provides the foundation for our broader strategy of combining near-term production, processing infrastructure and proprietary technology deployment within a single integrated platform. We believe the NVRO Metals Hub positions NVRO Metals to become an important participant in the global critical minerals supply chain.”
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Figure 1: The NVRO Metals Hub located in Australia’s Northern Territory.
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About NVRO Metals Limited
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NVRO Metals Limited is a mineral process technology company focused on the recovery of precious and critical metals from mine waste, tailings and complex sulfidic materials. Through its proprietary NVRO Process™, centralized processing infrastructure and commercial deployment strategy, the Company is building a scalable critical minerals production, processing and recovery platform supporting global supply chain security.
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Additional information, including the Company’s investor presentation and corporate profile, is available at www.nvrometals.com
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CONTACTS:
Investor Cubed
Neil Simon, CEO
+1 647 258 3310
[email protected]
[email protected]
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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.
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Forward-Looking Statements
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This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking information and forward-looking statements are collectively referred to herein as “forward-looking statements.” Forward-looking statements are generally identifiable by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “target,” “will,” “would,” “could,” and similar words, expressions or statements that certain actions, events or results may, could, would, should or will occur or be achieved.
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Forward-looking statements in this news release include, but are not limited to, statements regarding: the proposed acquisition of the NVRO Metals Hub, including the implementation of the DOCA, completion of the acquisition and 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 expected timing and completion of the acquisition; the expected benefits, investment potential and strategic significance of the NVRO Metals Hub; the significance of the independent Mineral Resource Estimate and its potential to support the Company’s development strategy; the potential for the Mineral Resource Estimate to provide a high degree of confidence in the scale and quality of the resource base; the Company’s planned Phase 1 oxide restart strategy; the potential for the oxide Mineral Resource to support near-term production and operating cash flow; the Company’s current target of achieving first production in late 2027; the potential production of copper cathode and cobalt and nickel products; the potential development of the sulfide Mineral Resource; the potential for the sulfide Mineral Resource to support future development phases, expansion opportunities and long-term deployment of the NVRO Process™; the potential production of copper, cobalt, nickel, silver, lead and zinc products; the Company’s ability to refurbish, commission, restart and operate the existing hydrometallurgical processing facility and related infrastructure; the ability of the existing infrastructure to support near-term production, processing activities, third-party feedstock opportunities and deployment of the NVRO Process™; the potential application, demonstration, validation, commercialization and industrial-scale deployment of the NVRO Process™; the potential for the NVRO Metals Hub to serve as a platform for future commercial opportunities, customer projects and technology licensing initiatives; the Company’s ability to establish and operate the NVRO Metals Hub as a centralized critical minerals processing centre; the Company’s ability to process Company-owned resources and third-party feedstocks; the Company’s ability to generate operating cash flow from the NVRO Metals Hub; the availability and completion of financing required to complete the acquisition and to refurbish, commission, restart, develop and initially operate the NVRO Metals Hub; the expected benefits of the Company’s centralized processing hub strategy; the Company’s ability to establish additional processing hubs in other jurisdictions; the Company’s potential role in the global critical minerals supply chain; and the Company’s broader commercial objectives, technology objectives and strategic growth plans.
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The financial outlook and economic estimates disclosed in this news release, including statements regarding potential production, operating cash flow and the expected timing and economics of the Company’s Phase 1 oxide restart strategy, are provided for the purpose of assisting readers in understanding management’s current expectations regarding the potential development of the NVRO Metals Hub. Such information is based on the assumptions described in this news release and on management’s current estimates, expectations and plans as of the date hereof. The financial outlook and economic estimates are forward-looking in nature and may not be appropriate for any other purpose. Readers are cautioned that actual results may vary materially from the financial outlook and economic estimates disclosed herein.
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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 Phase 1 oxide restart strategy; the Company’s ability to achieve first production in late 2027; 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 Company’s ability to advance customer projects, commercial opportunities and technology licensing initiatives; 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 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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