Cardiex Limited (CDX:AU) has announced CDX May Investor Presentation
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Cardiex Limited (CDX:AU) has announced Cardiex Completes Placement & Launches Entitlement Offer
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Uranium prices are on the rise after President Donald Trump signed a series of executive orders aimed at revitalizing the US nuclear industry — including measures to strengthen the domestic fuel supply and expand the nuclear workforce.
On Tuesday (May 27), the U3O8 spot price climbed to US$72 per pound, its first move above the US$70 mark since early February.
The positivity and Trump’s promise to fast track mine permits has also benefited uranium companies with projects in the US.
One of those companies is Anfield Energy (TSXV:AEC,OTCQB:ANLDF), which reported receiving federal approval from the US Department of the Interior for its Velvet-Wood uranium and vanadium project in Utah on Tuesday. The approval marks the first uranium mine greenlit under Trump’s emergency declaration to revive the domestic nuclear fuel cycle.
According to the statement, the Bureau of Land Management completed the environmental review in just 14 days, a timeline officials say reflects a broader shift toward prioritizing critical mineral projects.
“This approval marks a turning point in how we secure America’s mineral future,” said Secretary of the Interior Doug Burgum. “We’re reducing dependence on foreign adversaries and ensuring our military, medical and energy sectors have the resources they need to thrive.”
Shares of Anfield surged to a year-to-date high of C$0.115 following the news, and have since settled in the C$0.10 range.
Rising tide raises all ships
Although the US president’s latest round of executive orders have catalyzed prices in recent days, the uranium sector’s long term fundamentals have also offered support.
The growing demand from artificial intelligence data centers, paired with a push for carbon free energy sources makes a strong case for the expansion of nuclear energy capacity. As such, the current developments have added tailwinds to several uranium and nuclear sector players up and down the supply chain.
Over the past five trading days, enCore Energy (TSXV:EU,NASDAQ:EU) shares have risen 33.33 percent, from C$2.18 on May 22 to C$2.92 on Wednesday (May 28). The company holds a portfolio of various stage uranium projects located in Texas, Colorado, Wyoming and South Dakota. Currently, the Alta Mesa and Rosita projects in Texas are operational.
Uranium Energy (NYSEAMERICAN:UEC) has also seen its share price increase, adding 31 percent over the same five day period, to trade for US$2.89. Boasting a portfolio of 10 US uranium assets in various stages of development from exploration to near term production, the company also owns and operates the Hobson ISR processing plant in Texas, which is operational.
Ur-Energy (TSX:URE,NYSEAMERICAN:URG), which owns the producing Lost Creek mine and the construction-stage Shirley Basin project in Wyoming, is another company experiencing heightened investor interest this past week.
Shares of Ur-Energy rose 26.53 percent over the five day session, and are currently valued at C$1.24.
Diversified players like Western Uranium and Vanadium (CSE:WUC,OTCQX:WSTRF) were also buy targets following the president’s energy directive. The company, which is focused on advancing its past-producing Sunday mine complex in Colorado, saw its shares increase 28 percent since May 21, trading for C$1.14.
ASX-listed companies were also garnering attention, Boss Energy (ASX:BOE,OTCQX:BQSSF) in particular, which holds a 30 percent stake in the producing Alta Messa uranium mine. The joint venture partner for enCore saw its share price value grow 14.27 percent in the last five days, to AU$4.13.
While these companies were first to see Trump’s executive orders boost their share prices, there are many other US-focused uranium companies with projects all over the country now awaiting pro-nuclear upticks.
All share price information was obtained from TradingView on May 28, 2025. Data on project status was retrieved from Mining Data Online.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce the appointment of Jasmine Lau, CPA, as Chief Financial Officer (‘CFO’) of Group Eleven, replacing Jeannine Webb, effective May 30, 2025.
Jasmine is a Vancouver-based Chartered Professional Accountant with over 16 years’ experience in the resource sector, having served as the Chief Financial Officer for several mineral exploration companies. She is currently the CFO of Minaurum Gold Inc, Forte Minerals Corp., and Cascadia Minerals Ltd. Prior to that, Jasmine also served as CFO to a various number of other private and public mineral exploration companies.
‘On behalf of Group Eleven and its Board of Directors, I am very pleased to welcome Jasmine to the team,’ stated Bart Jaworski, CEO. ‘Jasmine’s appointment brings a wealth of relevant experience and skills to the Company. I would also like to sincerely thank Jeannine Webb for her valuable contributions and dedication to the Company over the past three years.’
About Group Eleven Resources
Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in Ireland. Additional information about the Company is available at www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
Neither 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.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253899
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Augustus Minerals (AUG:AU) has announced Visible Gold and New Targets Identified at Music Well
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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that as part of its funding strategy and due diligence plan, an independent study has been conducted on the CERENERGY(R) technology versus alternative technologies such as lithium-ion, sodium-sulphur and vanadium flow batteries. DNV was engaged to produce an independent, high-level comparison report evaluating CERENERGY(R) technology against these alternative technologies. DNV is one of the leading energy storage technical advisors and specialises in the identification, evaluation, testing, and certification of battery energy storage systems worldwide.
Highlights
– As part of funding due diligence plan
– Independent comparison study of CERENERGY(R) technology
– DNV was engaged by Altech
– DNV is one of the leading energy storage technical advisors
– CERENERGY(R) – Promising emerging battery technology
The complete comparison report has been prepared specifically for Altech Batteries GmbH and is confidential. Nevertheless, Altech is pleased to publish the Executive Summary of the technology comparison at cell level in the following qualitative overview. Table 1 gives a high-level overview of the advantages and disadvantages for the listed characteristics in comparison to the most widely used technologies on the market against CERENERGY(R) sodium chloride solid state (SCSS) technology.
The DNV primary conclusion states ‘CERENERGY(R) is one of the promising emerging technologies. Further improvements in terms of the achievable energy density, performance, and cost efficiency can be expected in the coming years’ (DNV, May 2025).
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/66D7P180
About Altech Batteries Ltd:
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
Source:
Altech Batteries Ltd
Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
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Silver investors are usually interested in which countries produce the most ounces of the metal.
After all, if a nation is producing an abundance of the white metal, many mining companies are likely operating there, and profitable investment opportunities may be available.
However, it’s also worth looking at silver reserves, which are a country’s economically mineable silver supply. In general, the world’s largest global silver producers also have high silver reserves that are worth learning about, but some countries with high silver reserves are not mining much of the metal.
Where there’s room to grow silver mine supply, there may be money to be made as well. For that reason, precious metals investors should also be aware of which countries may eventually become silver supply powerhouses.
With that in mind, here’s an overview of top silver countries by reserves. All information is based on the US Geological Survey’s most recent data on silver.
1. Peru
Silver reserves: 140,000 metric tons
Peru holds the top spot for the highest silver reserves in the world with a staggering 140,000 metric tons (MT). The country remains a silver mining heavyweight, producing 3,100 MT in 2024 — down slightly from 2023 but still among the highest globally.
While primarily a copper operation, the Antamina mine in the province of Huari produces more silver than any other asset in Peru. The major mine is a joint venture between BHP (ASX:BHP,NYSE:BHP,LSE:BHP), Glencore (LSE:GLEN,OTC Pink:GLCNF), Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) and Mitsubishi (OTC Pink:MSBHF,TSE:8058). An approved US$2 billion investment seeks to extend Antamina’s operational life from 2028 to 2036, with construction expected to begin in 2025 following recent environmental approval.
In April 2025, Canadian miner Endeavour Silver (TSX:EDR,NYSE:EXK) acquired Minera Kolpa for US$145 million in a cash-and-stock deal. The acquisition grants it control over the Huachocolpa Uno mine in the Huancavelica region, making it Endeavour’s first producing asset in Peru. The mine produced about 2 million ounces of silver in 2024.
2. Russia
Silver reserves: 92,000 metric tons
Russia holds 92,000 MT in silver reserves, placing it second on the global list. It produced an estimated 1,200 MT in 2024, down slightly from the previous year.
Despite geopolitical complications and sanctions affecting its broader economy, Russia continues to maintain a strong position in silver mining and mineral resource development. Its silver is often extracted as a by-product of other mining operations, particularly in copper and polymetallic deposits.
In 2023, the Dukat mine in Magadan Oblast, led national production with 7.7 million ounces, followed by the Lunnoye-Arylakh mine at 4.8 million ounces.
However, the spotlight in 2024 and 2025 is on the Prognoz mine, a new open-pit operation in Russia’s Far East previously owned by Polymetal International. Once fully operational, it is projected to contribute 5 million to 7 million ounces of silver annually.
3. China
Silver reserves: 70,000 metric tons
China is currently home to 70,000 metric tons of silver reserves, putting it in third place for silver reserves by country globally after being bumped from its long-held second place by Russia.
In 2024, the country produced 3,300 MT of silver — slightly down from 3,400 MT in 2023. As the global race for critical minerals intensifies, China has found itself in a strategic resource rivalry with the United States.
The majority of silver is produced as a by-product in China, but the Ying Mining District in Henan Province is China’s largest primary silver-producing operation. Operated by Silvercorp Metals (TSX:SVM,NYSEAMERICAN:SVM), the Ying mine yielded approximately 6.43 million ounces of silver in its fiscal 2025 and has a mine life through 2037.
At the end of 2024, Silvercorp completed the construction of a new tailings storage facility and a 1,500 MT per day flotation production line at Ying. These upgrades raised the district’s milling capacity to over 1.3 million metric tons per year.
4. Poland
Silver reserves: 61,000 metric tons
Poland takes the fourth spot for silver reserves with 61,000 metric tons of silver. The country produced 1,300 MT in 2024, slightly below the previous year’s 1,320 MT.
At the heart of Poland’s silver sector is KGHM Polska Miedź (WSE:KGH), a state-controlled copper and silver producer that has made international headlines. According to the 2025 World Silver Survey, the company’s KGHM operation is the largest silver producer in the world, and the firm was the second largest silver-producing company globally last year.
The firm produced 1,341 MT of silver in 2024, with most of the output refined at the Głogów copper smelter.
5. Mexico
Silver reserves: 37,000 metric tons
Mexico remains the world leader in silver production, and the country also hosts significant silver reserves totaling 37,000 metric tons.
Newmont’s (TSX:NGT,NYSE:NEM) Peñasquito mine in Zacatecas ranks as the second-largest silver mine in Mexico and the fifth largest in the world. Additionally, Endeavour Silver’s Pitarrilla project in Durango stands out as one of the largest undeveloped silver deposits globally, with an indicated resource of 491.6 million ounces of silver.
More top silver countries by reserves
Peru, Russia, and Russia lead the world with the largest silver reserves, but several other nations also hold significant silver resources:
- Australia — 27,000 MT
- Chile — 26,000 MT
- United States — 23,000 MT
- Bolivia — 22,000 MT
- India — 8,000 MT
- Argentina — 6,500 MT
The remaining countries not listed above combine to hold a total of 57,000 MT of silver reserves, according to the US Geological Survey. The total world figure for silver reserves sits at 550,000 MT.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Astute Metals NL (ASX: ASE) (“ASE”, “Astute” or “the Company”) is pleased to report assay results from the second hole of its April 2025 diamond drilling campaign at the 100%-owned Red Mountain Lithium Project in Nevada, USA.
Key Highlights
- Diamond drill-hole RMDD005 intersected two zones of lithium mineralisation under alluvial gravel, returning:
- 9.1m @ 1,350ppm Li from 57.9m, within a broader low- grade zone of 80.8m @ 860ppm Li from 12.2m;
- 8.3m @ 1,210ppm Li from 240.8m to end-of-hole, within a broader zone of 15.9m @ 955ppm Li from 233.2m to end-of-hole
- RMDD005 is the first drill-hole at Red Mountain to successfully intersect ‘blind’ mineralisation.
- Hole ended in lithium mineralisation, with the mineralised zone remaining open down-dip to the east and along strike.
- Assays pending from four other recently completed drill- holes.
Drill-hole RMDD005 returned two intersections of lithium mineralisation:
- 80.8m @ 860ppm Li / 0.46% Lithium Carbonate Equivalent1 (LCE) from 12.2m, including an internal high-grade zone of 9.1m @ 1,349ppm Li / 0.72% LCE from 57.9m;
- 15.9m @ 955ppm Li / 0.51% LCE from 233.2m to end-of-hole, including an internal high- grade zone of 8.3m @ 1,209ppm Li / 0.64% LCE from 240.8m to end-of-hole.
Drill-hole RMDD005 is the first hole at Red Mountain to test for mineralisation interpreted as part of the recently announced Exploration Target (ASX release 12 February 2025) under significant alluvial cover (Figures 2 and 3). The hole was designed to test the lower extent of mineralisation in the eastern zone of Target Area A, before passing through a zone of unmineralised rocks, and then testing a second, western zone of interpreted mineralisation (see Figure 2). The hole successfully intersected both interpreted zones of mineralisation, separated by a weakly mineralised sequence of mostly conglomerate and breccias.
This result reinforces the Company’s understanding of lithium mineralisation at Red Mountain, providing further confidence in the geological model as work programs continue to progress. The more moderate grades intersected in RMDD005, which was located centrally within the project area, also lend support to the Company’s emerging interpretation that the northern part of the Red Mountain Project is likely to host a high-grade zone of lithium mineralisation.
Assays are pending for a further four holes drilled as part of the April diamond drilling campaign, which are expected to be received by the end of the financial year.
Astute Chairman, Tony Leibowitz, said:
“The results from this latest hole at Red Mountain are very encouraging, intersecting lithium mineralisation under cover exactly where the technical team expected it to be. This provides increased confidence in the geological model that underpins the Red Mountain Exploration Target as we rapidly advance towards the planned delivery of a maiden JORC Mineral Resource Estimate later this year.
“Our exploration at Red Mountain to date indicates significant scale potential, with lithium mineralisation confirmed over a strike length of almost 6 kilometres. This latest drilling is continuing to firm-up these results and reduce risk, successfully intersecting lithium between holes to delineate an increasingly robust and coherent body of mineralisation.”
Click here for the full ASX Release
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In what is believed to be the largest European pre-seed funding round of the year, UK fintech startup Velocity has emerged with US$10 million in early backing to develop a stablecoin infrastructure platform.
The initiative is aimed squarely at large enterprises grappling with outdated cross-border financial systems.
The round, led by US-based Activant Capital, brings together global investors and fintech insiders, underscoring growing confidence in stablecoins as a practical tool for enterprise-grade settlement — not just crypto speculation.
Founded by payments veterans Tom Greenwood (Volt, IFX) and Eric Queathem (Worldpay, McKinsey & Company), Velocity aims to modernize the back-end plumbing of global money movement.
Rather than displacing traditional finance, the startup sees itself as a connective layer between banks and the blockchain, offering modular infrastructure that enables businesses to operate seamlessly across fiat and digital currencies.
“We’re not chasing crypto hype,” Greenwood, who serves as CEO, said in a statement. “We’re leveraging stablecoins to remove friction, accelerate settlement, and drive improved performance in real-world financial operations.”
That friction remains a massive challenge in today’s corporate finance landscape.
Large businesses routinely rely on patchwork systems for international payments, liquidity and currency management — often involving multiple banking partners, outdated software and opaque fees.
Velocity says it is addressing that complexity with a programmable, artificial intelligence-enabled platform that integrates stablecoins into traditional financial operations without requiring companies to overhaul their existing systems.
Greenwood and Queathem bring decades of experience to the table. Greenwood previously founded Volt, a fintech firm focused on real-time payments, and IFX, a foreign exchange and payments firm. Queathem spent nearly 10 years at Worldpay, where he led global strategy during its expansion into both legacy and crypto-enabled markets.
“We’ve experienced first-hand the financial complexity of operating a global business — the fragmentation of providers, the lack of transparency, and the workarounds,” said Queathem, who holds the position of president.
“Velocity is built to eliminate that friction with infrastructure that scales, adapts, and solves the real-world problems large enterprises face every day when moving and managing money around the world.”
Their pitch appears to have resonated with investors who see a broader shift underway. Fuel Ventures (LSE:FVV), Triton Capital, Fabric Ventures, Commerce Ventures and Preface Ventures all joined the round, alongside strategic angels from companies like Visa (NYSE:V), PayPal (NASDAQ:PYPL), Circle and Alphabet (NASDAQ:GOOGL).
For lead investor Activant Capital, the startup’s timing aligns with what it sees as a generational opportunity to reshape how capital flows. “Tom and Eric bring the rare technical depth and regulatory fluency needed to build and scale a product like this,” said Andrew Steele, partner at Activant, in Wednesday’s (May 28) release.
“We’ve shared this vision for years — and now is the time to bring it to life.”
Far from being a headwind, Velocity sees that regulatory movement as validation that the infrastructure moment for stablecoins has arrived. While Velocity hasn’t disclosed specific clients or product launch dates, early pilot programs are underway, with large enterprises exploring digital treasury functions and cross-border liquidity optimization.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Strategic financing deepens alignment with industry leader as Quimbaya advances drill-ready Colombian gold portfolio
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya Gold’ or the ‘Company’) is pleased to announce that it intends to complete a non-brokered private placement of up to 5,714,286 units of the Company (each, a ‘Unit’), at a price of C$0.35 per Unit, to raise gross proceeds of up to approximately C$2,000,000 (the ‘Offering’), including a lead order of C$500,000 from Mr. Serafino Iacono, an influential figure in Colombian mining, Co-founder of Gran Colombia Gold Corp. (now Aris Mining Corporation) and Executive Chairman of Denarius Metals Corp.
Each Unit will be comprised of one common share in the capital of the Company (a ‘Share‘) and one common share purchase warrant (a ‘Warrant‘). Each Warrant will entitle the holder to acquire one Share at a price of C$0.60 per Share for a period of 36 months from the issuance date of the Offering. The remaining Units issued under the Offering will be limited to other strategic investors with deep experience in Latin American exploration and project development.
‘Seeing our hard work over the past few years recognized by industry leaders like Serafino Iacono is a real validation of our strategy and our assets,’ said Alexandre P. Boivin, CEO of Quimbaya Gold. ‘With strong exploration results, a drill-ready portfolio, and the right people around the table, we’re incredibly excited about what lies ahead, especially as we prepare to kick off drilling at Tahami South. This is a pivotal moment for Quimbaya, and we’re just getting started.’
Strategic Alignment and Validation
The participation of Mr. Iacono, who played a pivotal role in the revival of the Colombian gold sector, signals high conviction in Quimbaya’s assets and leadership. His investment marks a strong endorsement of the Company’s solid Portfolio and in particular its drill-ready Tahami Project in the Middle Cauca Belt, one of Colombia’s most prolific gold districts.
‘I believe Quimbaya is uniquely positioned at the intersection of geology, timing, and leadership. The team is aligned, the land is exceptional, and in this rising gold environment the moment is now,’ said Mr. Iacono. ‘I’m excited to support a company that understands what it takes to build a real gold story in Colombia.’
The net proceeds raised from the sale of the Units will be used for general exploration expenses and for general working capital purposes. Completion of the Offering is subject to applicable regulatory approvals. All securities issued pursuant to the Offering will be subject to a four-month and one-day hold period in accordance with applicable securities laws. The Offering is expected to close on or about June 6th 2025.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in the United States, nor shall there be any sale of such securities in any State in which such offer, solicitation or sale would be unlawful.
About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.
Contact Information
Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com
Jason Frame, Manager of Communications jason.frame@quimbayagold.com +1-647-576-7135
Quimbaya Gold Inc.
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold
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Cautionary Statements
Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering, including its timing, intended closing date, intended use of proceeds and intended gross proceeds, any expected issuance of the Units or the Shares and Warrants which comprise them, a commitment by any person to purchase Units pursuant to the Offering, receipt by the Company of any applicable regulatory approval, the future plans for the Company, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Offering as described herein will close on terms materially similar to the terms described herein. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.
Neither CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253731
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