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Yahoo
4 hours ago
- Business
- Yahoo
EverGen Infrastructure Reports Q1 2025 Results
Q1 2025 Key Milestones Achieved & Highlights: Record quarterly renewable natural gas ("RNG") production Fraser Valley Biogas ("FVB") achieved record monthly RNG production following the stabilization of the FVB RNG expansion project. Entered into purchase and sale agreement of real property in connection with the disposition of the land on which FVB operates for total purchase price of $2,620,000 VANCOUVER, British Columbia, May 31, 2025--(BUSINESS WIRE)--EverGen Infrastructure Corp. ("EverGen" or the "Company") (TSXV: EVGN) (OTCQX: EVGIF), today reported financial results as at and for Q1 2025. All amounts are in Canadian dollars unless otherwise stated and have been prepared in accordance with IFRS. Financial Highlights for Q1 2025: Revenues of $1.9 million for Q1 2025 decreased 41% compared to the same period last year, primarily driven by reduced volumes (due to unexpected operating disturbances) resulting in lower tip fee revenue at the Company's organic waste and composting facilities. These declines were partially offset by increased RNG production and associated revenues from FVB and GrowTEC, as well as tip fee increases at the Company's composting facilities. Net loss of $1.2 million for Q1 2025 improved by 11% compared to the same period last year, primarily due to lower direct operating costs, depreciation and amortization expense, and finance costs, partially offset by lower revenues and a decrease in insurance proceeds. Adjusted EBITDA of $0.5 million for Q1 2025 decreased by $0.2 million compared to the same period last year, primarily due to reduced revenues and lower insurance proceeds, partially offset by a decrease in direct operating costs and an increase in non-recurring general and administrative expenses. RNG production reached a new quarterly record in Q1 2025, driven by the continued ramp-up and stabilization of the FVB RNG expansion project. The FVB facility achieved monthly RNG production record exceeding 12,000 gigajoules (GJs) in both March and April 2025, surpassing the previous high of 11,186 GJs in September 2024. A daily production record of 640 GJs was also set in October 2024. Three months ended Mar 31, 2025 Mar 31, 2024 $ Change % Change FINANCIAL Revenue 1,909 3,227 (1,318) (41) Net loss (1,202) (1,326) 124 (9) Net loss per share ($), basic and diluted (0.08) (0.10) 0.02 (20) EBITDA (1) (33) 217 (250) (115) Adjusted EBITDA (1) 450 654 (204) (31) Total assets 77,560 94,241 (16,681) (18) Total long-term liabilities 26,878 30,255 (3,377) (11) Cash and cash equivalents and restricted cash 1,502 717 785 109 Working capital deficit (1) (1,913) (1,064) (849) 80 COMMON SHARES (thousands) Outstanding, end of period 14,059 13,918 141 1 Weighted average – basic & diluted 14,041 13,905 136 1 OPERATING RNG (gigajoules) 43,014 35,440 7,574 21 Incoming organic feedstock (tonnes) 12,809 17,986 (5,177) (29) Organic compost and soil sales (yards) 642 2,179 (1,537) (71) Electricity (MWh) 763 851 (88) (10) (1) Please refer to "Non-GAAP Measures". Closing of Private Placement & Management Change (Subsequent Event to Q1 2025): In May 2025, EverGen announced closing of first tranche of private placement for gross aggregate proceeds of CAD$5,000,000 and completed a change of management. See full press release filed on SEDAR+. Further Information & Conference Call DetailsFor further information on the results please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR+ at and on EverGen's website at EverGen will hold a results and corporate update conference call at 11:30 a.m. Eastern Time on Tuesday, June 3, 2025, hosted by Chief Executive Officer, Chase Edgelow. Date: Tuesday, June 3, 2025Time: 11:30 a.m. ETZoom Link: Find the latest Corporate Presentation in the Investor Center: About EverGen Infrastructure Corp. EverGen, Canada's Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns, and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen Infrastructure Corp. and our projects, please visit Non-GAAP Measures EverGen uses certain financial measures referred to in this press release to quantify its results that are not prescribed by IFRS. The terms EBITDA, adjusted EBITDA and working capital are not recognized measures under IFRS and may not be comparable to that reported by other companies. EverGen believes that, in addition to measures prepared in accordance with IFRS, the non-IFRS measurement provide useful information to evaluate the Company's performance and ability to generate cash, profitability and meet financial commitments. These non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for other measures of performance prepared in accordance with IFRS. EBITDA is defined as net income (loss) before interest, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for share-based payment expenses, unusual or non-recurring items, contingent consideration gains and losses and non-controlling interests in adjusted EBITDA. Working capital is calculated as current assets less current liabilities. Forward-Looking Information This news release contains certain forward-looking statements and/or forward-looking information (collectively, "forward looking statements") within the meaning of applicable securities laws. When used in this release, such words as "would", "will", "anticipates", "believes", "explores", "expects" and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. More particularly, and without limitation, this press release contains forward looking statements and information concerning the Company's expectations regarding revenue growth and future financial or operating performance. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom, and accordingly, readers are cautioned not to put undue reliance on the forward-looking statements contained in this press release. The Company cautions that these forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the current inflationary environment; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company's completed acquisitions; the sufficiency of EverGen's liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, and the factors discussed under "Risk Factors" in the Company's Annual Information Form dated April 22, 2024, which is available on SEDAR+ at many of which are beyond the control of EverGen. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly required by applicable law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View source version on Contacts EverGen Infrastructure Edgelow, Chief Executive Officerinvestors@ +1 (604) 724-9937 Sign in to access your portfolio
Globe and Mail
4 hours ago
- Business
- Globe and Mail
EverGen Infrastructure Reports Q1 2025 Results
EverGen Infrastructure Corp. ('EverGen' or the 'Company') (TSXV: EVGN) (OTCQX: EVGIF), today reported financial results as at and for Q1 2025. All amounts are in Canadian dollars unless otherwise stated and have been prepared in accordance with IFRS. Financial Highlights for Q1 2025: Revenues of $1.9 million for Q1 2025 decreased 41% compared to the same period last year, primarily driven by reduced volumes (due to unexpected operating disturbances) resulting in lower tip fee revenue at the Company's organic waste and composting facilities. These declines were partially offset by increased RNG production and associated revenues from FVB and GrowTEC, as well as tip fee increases at the Company's composting facilities. Net loss of $1.2 million for Q1 2025 improved by 11% compared to the same period last year, primarily due to lower direct operating costs, depreciation and amortization expense, and finance costs, partially offset by lower revenues and a decrease in insurance proceeds. Adjusted EBITDA of $0.5 million for Q1 2025 decreased by $0.2 million compared to the same period last year, primarily due to reduced revenues and lower insurance proceeds, partially offset by a decrease in direct operating costs and an increase in non-recurring general and administrative expenses. RNG production reached a new quarterly record in Q1 2025, driven by the continued ramp-up and stabilization of the FVB RNG expansion project. The FVB facility achieved monthly RNG production record exceeding 12,000 gigajoules (GJs) in both March and April 2025, surpassing the previous high of 11,186 GJs in September 2024. A daily production record of 640 GJs was also set in October 2024. Three months ended Mar 31, 2025 Mar 31, 2024 $ Change % Change FINANCIAL Revenue 1,909 3,227 (1,318) (41) Net loss (1,202) (1,326) 124 (9) Net loss per share ($), basic and diluted (0.08) (0.10) 0.02 (20) EBITDA (1) (33) 217 (250) (115) Adjusted EBITDA (1) 450 654 (204) (31) Total assets 77,560 94,241 (16,681) (18) Total long-term liabilities 26,878 30,255 (3,377) (11) Cash and cash equivalents and restricted cash 1,502 717 785 109 Working capital deficit (1) (1,913) (1,064) (849) 80 COMMON SHARES (thousands) Outstanding, end of period 14,059 13,918 141 1 Weighted average – basic & diluted 14,041 13,905 136 1 OPERATING RNG (gigajoules) 43,014 35,440 7,574 21 Incoming organic feedstock (tonnes) 12,809 17,986 (5,177) (29) Organic compost and soil sales (yards) 642 2,179 (1,537) (71) Electricity (MWh) 763 851 (88) (10) (1) Please refer to 'Non-GAAP Measures'. Closing of Private Placement & Management Change (Subsequent Event to Q1 2025): In May 2025, EverGen announced closing of first tranche of private placement for gross aggregate proceeds of CAD$5,000,000 and completed a change of management. See full press release filed on SEDAR+. Further Information & Conference Call Details For further information on the results please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR+ at and on EverGen's website at EverGen will hold a results and corporate update conference call at 11:30 a.m. Eastern Time on Tuesday, June 3, 2025, hosted by Chief Executive Officer, Chase Edgelow. Date: Tuesday, June 3, 2025 Time: 11:30 a.m. ET Zoom Link: Find the latest Corporate Presentation in the Investor Center: About EverGen Infrastructure Corp. EverGen, Canada's Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns, and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen Infrastructure Corp. and our projects, please visit Non-GAAP Measures EverGen uses certain financial measures referred to in this press release to quantify its results that are not prescribed by IFRS. The terms EBITDA, adjusted EBITDA and working capital are not recognized measures under IFRS and may not be comparable to that reported by other companies. EverGen believes that, in addition to measures prepared in accordance with IFRS, the non-IFRS measurement provide useful information to evaluate the Company's performance and ability to generate cash, profitability and meet financial commitments. These non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for other measures of performance prepared in accordance with IFRS. EBITDA is defined as net income (loss) before interest, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for share-based payment expenses, unusual or non-recurring items, contingent consideration gains and losses and non-controlling interests in adjusted EBITDA. Working capital is calculated as current assets less current liabilities. Forward-Looking Information This news release contains certain forward-looking statements and/or forward-looking information (collectively, 'forward looking statements') within the meaning of applicable securities laws. When used in this release, such words as 'would', 'will', 'anticipates', 'believes', 'explores', 'expects' and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. More particularly, and without limitation, this press release contains forward looking statements and information concerning the Company's expectations regarding revenue growth and future financial or operating performance. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom, and accordingly, readers are cautioned not to put undue reliance on the forward-looking statements contained in this press release. The Company cautions that these forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the current inflationary environment; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company's completed acquisitions; the sufficiency of EverGen's liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, and the factors discussed under 'Risk Factors' in the Company's Annual Information Form dated April 22, 2024, which is available on SEDAR+ at many of which are beyond the control of EverGen. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly required by applicable law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Globe and Mail
4 hours ago
- Business
- Globe and Mail
Zedcor Inc. Announces Restricted Share Unit Grant
Calgary, Alberta--(Newsfile Corp. - May 30, 2025) - Zedcor Inc. (TSXV: ZDC) (the " Company" or " Zedcor") announces that on May 29, 2025, 2,935,000 Restricted Share Units (RSUs) were granted to employees, directors and officers of the Company pursuant to the Company's fixed 10% RSU/DSU plan and will expire three years from the date of grant. The RSUs will vest as to one third thereof on each of the first, second and third anniversaries of the date of grant. About Zedcor Inc. Zedcor Inc. is disrupting the traditional physical security industry through its proprietary MobileyeZ TM security towers by providing turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. The Company continues to expand its established MobileyeZ TM platform in Canada and the United States, with emphasis on industry leading service levels, data-supported efficiency outcomes, and continued innovation. Zedcor services the Canadian market through equipment and service centers currently located in British Columbia, Alberta, Manitoba, and Ontario. The Company continues to advance its U.S. expansion which now has the capacity to service markets throughout the Midwest and West Coast with locations throughout Texas and in Denver, Colorado, Phoenix, Arizona and Las Vegas, Nevada. For further information contact:
Yahoo
4 hours ago
- Business
- Yahoo
CopAur Minerals, a Metals Group Company, Closes Oversubscribed Non-Brokered Private Placement with Strong Industry Participation
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - CopAur Minerals Inc. (TSXV: CPAU) ("CopAur" or the "Company"), a member of the Metals Group of companies, is pleased to announce the successful closing of its non-brokered private placement (the "Private Placement"), previously announced on May 22 and 27, 2025. Due to strong investor demand, the Private Placement was upsized and now consists of 5,055,000 units (the "Units") issued at a price of $0.10 per Unit, for total gross proceeds of $505,500. The Private Placement was strongly supported by seasoned mining investors and strategic industry participants, reflecting strong internal alignment and confidence in the Company's future direction. With key participants now well-positioned within the Company, CopAur is well-structured to pursue significant corporate and exploration milestones in the near term. Each Unit comprises one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of $0.15 for a period of 18 months from the date of issuance. The warrants are subject to an acceleration clause: if the Company's shares trade at or above $0.20 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants by providing 30 days' notice to warrant holders. All securities issued under the Private Placement are subject to a statutory hold period of four months and one day, in accordance with applicable securities laws. The Company has paid a total of $33,635 in finders' fees and issued 336,350 finder warrants. Each finder warrant entitles the holder to acquire one common share at an exercise price of $0.15 for a period of 18 months, subject to the same terms as the warrants described above. Net proceeds from the Private Placement will be used for general working capital and to advance the Company's high-priority exploration projects, primarily the Kinsley Mountain Gold Project in Nevada-a Carlin-style gold system with near-term discovery potential. About CopAur CopAur Minerals Inc. is an exploration company focused on developing mineral projects within the emerging, resource-rich mining districts of Nevada. A proud member of the Metals Group of companies, CopAur is backed by a dynamic team of resource professionals with a strong track record of discovery and value creation. The Company's flagship asset is the Kinsley Mountain Gold Project, a Carlin-style gold system located approximately 90 kilometres south of the Long Canyon Mine, currently operated under the Newmont/Barrick joint venture, Nevada Gold Mines. ON BEHALF OF THE BOARD OF COPAUR MINERALS INC. Jeremy Yaseniuk, Chief Executive Officer For more information, please contact:Jeremy Yaseniuk, Chief Executive Officer & DirectorTel: +1 (604) 773-1467Email: jeremyy@ 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. Forward Looking Information This news release contains forward-looking statements. These statements relate to future events or Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations. To view the source version of this press release, please visit
Cision Canada
5 hours ago
- Business
- Cision Canada
Blackwater Mine, Canada's Newest Gold and Silver Mine Officially Open
VANCOUVER, BC, May 30, 2025 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) ("Artemis Gold" or the "Company") announces that Blackwater Mine, Canada's newest gold and silver mine, was officially opened in a ceremony at the mine site today. B.C. Premier David Eby, along with Jagrup Brar, Minister of Mining and Critical Minerals, Acting Chief June Baptiste of the Lhoosk'uz Dené Nation, and Chief Charlie Williams (represented) of Ulkatcho First Nation, attended the event. Other attendees included representatives of Indigenous and municipal governments, industry associations, business partners, contractors and other stakeholders. "Blackwater Mine is an example of what can be achieved through collaboration with First Nations and the protection of vital lands and waters," said Premier David Eby. "This mine is a part of what we're building in B.C. the economic engine of the new Canadian economy. It creates hundreds of family-supporting jobs and builds prosperity here and across the country." "Today marks the official opening of Blackwater Mine after an industry leading 22 months of construction and 3 months of commissioning, a phenomenal achievement in our industry. I couldn't be more proud of our team for achieving this milestone. On behalf of the Board of Directors, I would also like to thank the federal and provincial government, the Lhoosk'uz Dené, Ulkatcho, Nadleh Whut'en, Saik'uz, Stellat'en and Nazko First Nations, along with the communities across the mine region, and our contractors and business partners for their support in helping us get to this point. What we have achieved together is a model for the sustainable and responsible development of mines in first world jurisdictions, like Canada," said Steven Dean, Chairman and CEO of Artemis Gold. "Blackwater Mine is a great example of what we want to see more of in B.C. – a project that creates good jobs, supports local and Indigenous communities and takes crucial steps to minimize the impact on the environment. It shows how responsible mining can move our economy forward in the right way." – Jagrup Brar, Minister of Mining and Critical minerals of B.C. "Lhooskuz Dené Nation is pleased to be part of this opening ceremony in our traditional territory. The development of the Blackwater project will provide long term employment for our members and economic opportunities for Nation. We remain committed to achieving the highest standard of environmental practice at all stages of development, along with Artemis and Ulkatcho First Nation." – June Baptiste, Acting Chief Lhoosk'uz Dené Nation "Today marks a great milestone—one that reflects the dedication and vision of many since 2015. Ulkatcho First Nation stands side-by-side with Lhoosk'uz Dené Nation on this accomplishment – not only our neighbors, but united by shared lineage. We value our continued partnership of our shared territories, including shared mining interests, the metals and minerals that have been a part of our history for many generations. We also honour the leadership that came before us, whose guidance and commitment laid the foundation for this important day. Our collaboration on this important mining project is a testament to what can be accomplished when respect, partnership, and our communities lead the way. We extend our gratitude to Artemis Gold for choosing to invest in our lands and in a future that will benefit Ulkatcho First Nation for many years. Chanalya. Thank you again for your continued good work," said Chief Charlie Williams of the Ulkatcho First Nation. Blackwater Mine was built in an industry leading 22 months. The Company received the BC Mines Act permit in March of 2023. Construction was completed and first gold pour occurred in January of this year, and earlier this month, the Company announced that it had achieved commercial production. The forecast production for the financial year 2025 is between 190,000-230,000 ounces of gold. To-date there have been over 5.3 million hours worked at Blackwater Mine, with no lost time incidents (LTIs). "The safety record at Blackwater Mine is an exceptional achievement and a leading statistic globally. This result is a real credit to the leadership team that built Blackwater," said Jeremy Langford, President and Chief Operating Officer, Artemis Gold. The mine is 100% owned by Artemis Gold Inc., a publicly traded company, based in Vancouver, whose largest shareholders are British Columbians. The mine is located 110km southwest of Vanderhoof and 160km southwest of Prince George, B.C. The mine is the largest resource development project in the Cariboo region of B.C. in more than a decade and will support regional employment over multiple decades with the potential to be extended through further exploration. Blackwater Mine is an open-pit truck and shovel gold and silver mine with total M&I resources 11.7 million of gold and 122.4 million ounces of silver. The mine currently employs over 400 people with twenty-five per cent identifying as Indigenous, forty per cent from the mine region, and eighty per cent from B.C. The mine is planned to be developed in three phases. Construction of phase 1 was completed earlier this year and a decision about accelerating the phase 2 expansion of the mine will be made later this year. Phase 2 is expected to generate an additional 800 construction jobs, and an additional 170 operations jobs once construction is complete. Since 2022, the Company's cash spend with Canadian contractors and service providers to build Blackwater Mine was approximately C$1 billion, with over C$700 million of that amount spent in B.C. and over C$300 million with local and Indigenous companies, in a region that has seen devastating closures and curtailments in the forestry industry. An economic impact study completed by KPMG on the Blackwater Project in November 2020, at a time of much lower commodity prices, indicated that at full build-out the mine will contribute C$13.2 billion to the provincial economy over the life of the mine, including C$2.3 billion to provincial revenues and C$1.5 billion in federal tax revenues. Due to the increases in the price of gold and silver since that study, these numbers are likely to be exceeded. Blackwater Mine was permitted because Artemis Gold proposed and committed to some of the highest environmental standards and will be managed in accordance with globally proven best practices. The Company is committed to being a responsible steward of the environment and to identifying opportunities to reduce its impact on the ecosystems where it operates. A new transmission line was built last year connecting and powering the mine site with BC Hydro's renewable hydroelectricity via Glenannan substation near Endako, B.C. Artemis Gold invested in a fully-electrified processing facility with all traditionally carbon-fueled processes replaced with electric equipment. This investment increased the cost of the processing facility but reduces the carbon footprint for the mine. This provides the foundation for Blackwater Mine to be developed into one of the lowest greenhouse gas emitting open pit mining operations in the world. In addition, the Company has the opportunity to substantially reduce the mine's footprint further through the integration of zero-emission ore and waste haulage options by 2030. As part of the permitting process, Artemis Gold collaborated with the federal and provincial governments, Lhoosk'uz Dené, Ulkatcho, Nadleh Whut'en, Saik'uz, Stellat'en and Nazko First Nations on the development of innovative and precedent-setting environmental management plans related to caribou habitat offsetting, fish habitat offsetting, wetlands offsetting and conservation and enhancement activities. The Company has also received significant support and input from the District of Vanderhoof and other local communities in the project area. About Artemis Gold Artemis Gold is a well-financed, growth-oriented gold development company with a strong financial capacity aimed at creating shareholder value through the identification, acquisition, and development of gold properties in mining-friendly jurisdictions. The Company's current focus is the Blackwater Mine in central British Columbia approximately 160km southwest of Prince George and 450km northeast of Vancouver. The first gold and silver pour at Blackwater was achieved in January 2025 and commercial production was declared on May 1, 2025. Artemis Gold trades on the TSX-V under the symbol ARTG. For more information visit Qualified Person Artemis Gold President and Chief Operating Officer Jeremy Langford, FAUSIMM, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release. On behalf of the Board of Directors Steven Dean Chairman and Chief Executive Officer +1 604 558 1107 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. Cautionary Note Regarding Forward-looking Information This press release contains certain forward-looking statements and forward-looking information as defined under applicable Canadian and U.S. securities laws. Statements contained in this press release that are not historical facts are forward-looking statements that involve known and unknown risks and uncertainties. Any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. In certain cases, forward-looking statements and information can be identified using forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "potential", "is/are likely to" or similar terminology. Forward-looking statements and information are made as of the date of this press release and include, but are not limited to, statements regarding strategy, plans, future financial and operating performance of the Blackwater Mine; the contribution of the mine to the economy; opinions of the Province of British Columbia regarding the mine and the region; agreements and relationships with Indigenous partners; the future of mining in British Columbia; the plans of the Company with respect to the next phase of expansion, including construction, site preparation, consultation with indigenous groups, and other plans and expectations of the Company with respect to the mine, future production and anticipated timing of expansion works. These forward-looking statements represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance, which are based on information currently available to management, management's historical experience, perception of trends and current business conditions, expected future developments and other factors which management considers appropriate. Such forward-looking statements involve numerous risks and uncertainties, and actual results may vary. Important risks and other factors that may cause actual results to vary include, without limitation: risks related to ability of the Company to accomplish its plans and objectives with respect to the operations and expansion of the Blackwater Mine within the expected timing or at all, the timing and receipt of certain required approvals, changes in commodity prices, changes in interest and currency exchange rates, litigation risks, risks inherent in mineral resource and mineral reserves estimates and results, risks inherent in exploration and development activities, changes in mining or expansion plans due to changes in logistical, technical or other factors, unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials, equipment or third party contractors, delays in the receipt of government approvals, industrial disturbances, job action, and unanticipated events related to heath, safety and environmental matters), changes in governmental regulation of mining operations, political risk, social unrest, changes in general economic conditions or conditions in the financial markets, and other risks related to the ability of the Company to proceed with its plans for the Mine and other risks set out in the Company's most recent MD&A, which is available on the Company's website at and on SEDAR+ at In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, the assumptions that: (1) market fundamentals will result in sustained mineral demand and prices; (2) any necessary approvals and consents in connection with the operations and expansion of the Mine will be obtained; (3) financing for the continued operation of the Blackwater Mine and future expansion activities will continue to be available on terms suitable to the Company; (4) sustained commodity prices will continue to make the Mine economically viable; and (5) there will not be any unfavourable changes to the economic, political, permitting and legal climate in which the Company operates. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause the actual results or performance by the Company to differ materially from those expressed in or implied by any forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or the financial condition of the Company. Investors should therefore not place undue reliance on forward-looking statements. The Company is under no obligation and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future events or otherwise, except as may be required under applicable securities laws.
