Latest news with #metallurgicaltesting
Globe and Mail
31-07-2025
- Business
- Globe and Mail
Electra Begins Testing North American Feedstock for Cobalt Refinery
TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) ('Electra' or the 'Company') announces the start of metallurgical testing on cobalt feedstock from two strategic North American sources: the historic Cobalt Camp in Ontario and home to Electra's refinery, and the Company's Iron Creek cobalt and copper project in Idaho. The objective of this initiative is to strengthen and diversify Electra's cobalt refinery feedstock pipeline by integrating domestic sources alongside existing global supply partners. This program supports the development of a robust, flexible, and resilient North American critical minerals supply chain while maintaining strategic relationships with partners such as Glencore and ERG. These domestic sources are intended to supplement Electra's existing international feedstock agreements, enhancing long-term security and operational flexibility. Preliminary results from Electra's North American feedstock program are expected by the end of 2025 and will inform potential front-end flowsheet modifications, such as the proposed addition of a pressure oxidation (POX) circuit to enable processing of a broader range of complex concentrates. Electra's in-house laboratory is in the process of installing equipment required to evaluate these new feedstocks. Backed by a highly experienced technical team, the lab will conduct bench-scale testing and analytical work to validate and refine proposed flowsheet enhancements to the leach circuit designed to process North American materials at the Company's hydrometallurgical refinery, including arsenic-bearing polymetallic sulfide materials. 'These tests will give us a clearer picture of how North American cobalt-bearing concentrates can be processed using Electra's hydrometallurgical technology,' said Dr. George Puvvada, Electra's Vice President, Metallurgy & Technology. 'North American concentrates often contain elevated levels of arsenic and other impurities, which have made them difficult to process using conventional methods. Building on the successful completion of the Company's black mass recycling test program, I believe we can responsibly recover critical metals from North American feeds and significantly expand the range of materials our refinery can process.' 'Many North American cobalt-bearing mineral resources have remained undeveloped due to mineralogy that is incompatible with conventional smelting and refining,' said Trent Mell, CEO of Electra. 'Our hydrometallurgical process offers a potential domestic solution to that challenge, aligned with the battery market and geopolitical imperatives.' 'With critical minerals independence now a clear policy priority, we are focused on developing localized midstream solutions that support both the U.S. and Canadian supply chains. Our facility is designed to evolve alongside market needs, and this initiative positions Electra to play a leading role in that transformation.' Initial testwork includes feed from legacy deposits in the historic Cobalt mining camp near the refinery, as well as cobalt-bearing material from the Iron Creek project in the Idaho Cobalt Belt, one of the few known primary cobalt resources in the United States. Test results will guide potential front-end modifications to Electra's leach circuit that would allow for broader acceptance of arsenic-bearing polymetallic sulfide concentrates. While the current focus is on cobalt-copper and cobalt-silver feedstocks, Electra believes its proposed flowsheet enhancements may also be applied to custom treatment of gold concentrates with elevated arsenic levels, an area of growing interest among North American miners at a time of record high gold prices. This initiative comes at a pivotal time, as U.S. and Canadian governments continue to accelerate efforts to localize critical mineral supply chains and reduce reliance on foreign processing, particularly from China. Electra's refinery represents a foundational element of the North American battery ecosystem, with the flexibility to evolve as regional feedstock and market needs change. Electra's refinery project is backed by a long-term offtake agreement with LG Energy Solution for up to 80% of output over the first five years. The facility is designed to process cobalt hydroxide feedstock from the Democratic Republic of Congo and convert it into battery-grade cobalt sulfate for use in lithium-ion batteries and energy storage. Early site work is currently underway to prepare for a resumption of full-scale construction, with future growth phases targeting battery recycling and expanded feedstock sourcing opportunities. Electra's Iron Creek project is located in the Idaho Cobalt Belt, a prolific mineral district with a long history of cobalt and copper production. The region includes the historic Blackbird Mine, once the only significant domestic source of cobalt in the United States, which operated intermittently through much of the 20 th century. Iron Creek is a partially developed underground project, situated on patented property south of the Blackbird Mine with year-round road access. In addition to Iron Creek, Electra holds nearby exploration prospects known as Ruby and CAS, which are considered prospective for additional cobalt resources based on geological work and historic drilling. To date, Electra has completed over 30,000 metres of drilling at Iron Creek, outlining an Indicated mineral resource of 4.4 million tonnes grading 0.19% cobalt and 0.73% copper, and an Inferred resource of 2.2 million tonnes grading 0.08% cobalt and 1.34% copper. The deposit remains open along strike and at depth, with additional exploration targets identified nearby. The current mineral resource estimate is based on an updated technical report titled 'NI 43-101 Technical Report and Mineral Resource Estimate for the Iron Creek Cobalt-Copper Property, Lemhi County, Idaho, USA', prepared by Martin Perron, Marc R. Beauvais, and Eric Kinnan, The report is dated effective January 27, 2023, and was filed on March 10, 2023. A copy is available under the Company's profile on Iron Creek is a key component of Electra's strategy to establish a fully integrated North American supply chain for battery-grade cobalt, from resource development through to refining. Company Update Electra also announces that it has entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC ('Wainwright'), pursuant to which the Company, at its discretion, may offer and sell, from time to time, through Wainwright, common shares in the capital of the Company (the 'Common Shares') having an aggregate offering price of up to US$5,500,000 (the 'ATM Offering'). A cash commission of up to 3.0% on the aggregate gross proceeds raised under the ATM Offering will be paid to Wainwright in connection with its services. The ATM Offering is being made in the United States pursuant to a registration statement (the 'Registration Statement') on Form F-3 (File No. 333-288364) filed under the Securities Act of 1933, as amended (the 'Securities Act'), with the Securities and Exchange Commission, and the related Prospectus (the 'Base Prospectus') and Prospectus Supplement ('Prospectus Supplement', together with the Base Prospectus, the 'Prospectus'). Sales under the Prospectus if any, will be made in transactions that are deemed to be pursuant to an 'at-the-market offering' as defined in Rule 415(a)(4) under the Securities Act, and prices may vary as between purchasers and during the period of distribution. No Common Shares in the ATM Offering will be sold on the TSX Venture Exchange ('TSXV') or any other trading market in Canada. The ATM Offering remains subject to final approval of the TSXV and Securities Exchange Commission. Qualified Person Statement The scientific technical content of this press release that relates to mineral exploration has been reviewed and approved by Dr. Frank Santaguida, who is a Qualified Person as defined by National Instrument 43-101. Dr. Santaguida is employed as Lead Geoscientist by Electra. About Electra Battery Materials Electra is a leader in advancing North America's critical minerals supply chain for lithium-ion batteries. Currently focused on developing North America's only cobalt sulfate refinery, Electra is executing a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to establishing the cobalt sulfate refinery, Electra's strategy includes nickel refining and battery recycling. Growth projects include integrating black mass recycling at its existing refining complex, evaluating opportunities for cobalt production in Bécancour, Quebec, and exploring nickel sulfate production potential in North America. For more information, please visit Contact Heather Smiles Vice President, Investor Relations & Corporate Development Electra Battery Materials info@ 1.416.900.3891 Neither the 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. Cautionary Note Regarding Estimates of Resources Readers are cautioned that mineral resources are not economic mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. The estimate of mineral resources may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. The mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum's (CIM) "2014 CIM Definition Standards on Mineral Resources and Mineral Reserves" incorporated by reference into NI 43-101. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for a Preliminary Economic Assessment as defined under NI 43-101. Readers are cautioned not to assume that further work on the stated resources will lead to mineral reserves that can be mined economically. An Inferred Mineral Resource as defined by the CIM Standing Committee is 'that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling'. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. United States investors are cautioned that CIM and NI 43-101 standards for resource classification and public disclosure differ from the requirements of the U.S. Securities and Exchange Commission (SEC) and resource information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements. Cautionary Note Regarding Forward-Looking Statements This news release may contain forward-looking statements and forward-looking information (together, 'forward-looking statements') within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as 'plans', 'expects', 'estimates', 'intends', 'anticipates', 'believes' or variations of such words, or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'occur' or 'be achieved'. Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Among the bases for assumptions with respect to the potential for additional government funding are discussions and indications of support from government actors based on certain milestones being achieved. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR+ at and on EDGAR at Other factors that could lead actual results to differ materially include changes with respect to government or investor expectations or actions as compared to communicated intentions, and general macroeconomic and other trends that can affect levels of government or private investment. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Yahoo
10-07-2025
- Business
- Yahoo
West Point Gold Reports Positive Preliminary Metallurgical Results from the Gold Chain Project, Arizona
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce it has completed preliminary metallurgical testing from the Tyro target, at its Gold Chain Project in Arizona. The initial bottle roll tests returned gold recoveries up to 86%. Additionally, the Company is providing an update on its Jefferson North Project and is announcing a new marketing agreement. "The initial metallurgical testing has yielded positive results and appears to demonstrate that the gold at Tyro can likely be recovered with cyanide via conventional processing methods. As a result of this test work, West Point Gold plans to complete a small-scale bulk sampling program for follow-up test work that is expected to include initial column testing," stated Executive Chairman, Derek Macpherson. Highlights from Metallurgical Testing: Testing demonstrates that the gold at Tyro is cyanide-soluble and likely recoverable via conventional processing methods. Gold recoveries ranged from 86% to 32% on the 23 samples tested. Silver recoveries ranged from 80% to 34%. The largest factor impacting recovery was crush size, with finer material seeing better recoveries than coarser material. This test did not control crush size, but it was measured as part of the testing. Gold grade and sample depth did not appear to have a significant impact on recoveries. Cyanide and lime consumption appear to be within normal parameters. Design for a follow-up program is underway, with test material expected to come from small-scale bulk sampling. Summary of Metallurgical Results: Gold extractions for the bottle roll leach tests utilizing as-received material previously crushed to a nominal 2 millimetres ranged from 32% to 86% after 144 hours of leaching. Recoveries are based on calculated heads ranging from 0.142 to 9.229 g/t gold. Silver extractions ranged from 34% to 80% based on calculated head grades ranging from 0.40 to 197.77 g/t silver. The sodium cyanide consumption ranged from 0.09 to 0.53 kilograms per metric tonne. Hydrated lime additions ranged from 0.50 to 3.25 kilograms per metric tonne. The calculated p80 particle size of the material tested ranged from 1.39 to 2.17 millimetres. Figure 1: Gold Extraction by Crush Size To view an enhanced version of this graphic, please visit: Figure 2: Gold Extraction by Grade To view an enhanced version of this graphic, please visit: Figure 3: Gold Extraction by Depth To view an enhanced version of this graphic, please visit: Figure 4: Gold Extraction vs. Cyanide Consumption To view an enhanced version of this graphic, please visit: Figure 5: Gold Extraction by Lime Addition To view an enhanced version of this graphic, please visit: Metallurgical Test Program Design Coarse rejects from the drill holes GC25-34 (grade) and GC25-35 (grade) were provided to Kappes, Cassiday and Associates ("KCA") from Reno, Nevada, for testing. GC24-34 is from the recently defined northeast zone at Tyro, and the samples are closer to surface (less than 50m downhole). GC24-35 is from the southern portion of Tyro, and the mineralized samples range from close to surface to a depth greater than 150m downhole. Coarse bottle roll leach testing for each of the twenty-three (23) selected drill hole intervals was conducted utilizing a 1,000-gram portion of the head material previously crushed to a nominal 2.0 millimetres by AAL. The material was slurried with 1,500 millilitres of Reno municipal tap water. The pH of the slurry was adjusted, as required, to 10.5 to 11.0 with hydrated lime. A target amount of 1.0 grams per litre of sodium cyanide was utilized for the leach tests. Rolling on a set of laboratory rolls throughout the duration of the test (144 hours) mixed the slurry. Figure 6: Plan View of Tyro Main Zone Showing Drill Holes, highlighting GC24-34 and GC24-35 which were used for metallurgical testing To view an enhanced version of this graphic, please visit: Jefferson North Project Update The Company has elected to not continue with the Mining Claim Lease with Option to Purchase Agreement dated June 30, 2022 (the "Agreement"), as assigned August 15, 2022, and amended May 2, 2024 related to the Jefferson North Project in Nevada. The agreement called for a balance of property payments totaling US$3,815,000 over the next 2 years, including a payment of US$315,000 in July 2025. While the Company views the project as prospective, there has been insufficient work to define a large-scale target that would justify these payments. The Company and the property vendor could not come to an agreement that would materially extend the term of the contract and reduce the near-term payments, to allow the work to define a large-scale target to occur at a reasonable pace and be consistent with required permitting requirements. As a result, and given the recent exploration success at Gold Chain, the Company believes that the Company's available capital is better allocated to other projects in the portfolio. i2i Marketing Engagement West Point Gold has entered into a marketing agreement with i2i Marketing Group, LLC ("i2i") of Key West, Florida. The Company and i2i have agreed to a marketing and media distribution services agreement for up to a twelve-month term. The total media budget for the campaign is expected to be up to a maximum of US$1,250,000. Included in the total media budget is an initial non-refundable payment of US$250,000 to fund content creation and print and media costs. i2i will create an advertising campaign and utilize its physical marketing program strategy with the aim of increasing investor awareness through various on-line platforms and methods of engagement, including the direct mailing of advertising materials to potentially interested parties. The Company will not issue any securities to i2i as compensation for its marketing services. As of the date hereof, to the Company's knowledge, i2i (including its directors and officers) does not own any securities of the Company and is arm's length to the Company. The marketing agreement with i2i remains subject to approval by the TSX Venture Exchange. Qualified Person Robert Johansing, Econ. Geol., P. Geo., the Company's Vice President, Exploration, is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release. About West Point Gold Corp. West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada. For further information regarding this press release, please contact:Aaron Paterson, Corporate Communications ManagerPhone: +1 (778) 358-6173Email: info@ Stay Connected with Us:LinkedIn: (Twitter): @westpointgoldUSFacebook: FORWARD-LOOKING STATEMENTS: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation. 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. To view the source version of this press release, please visit 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
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Emerita Achieves 81.5% Gold Recovery for 27% Improvement Over Previous Metallurgical Testing for IBW Project
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the 'Company' or 'Emerita') is pleased to provide updated results on its metallurgical testing program (the 'Program') for its wholly-owned Iberian Belt West Project ('IBW' or the 'Project') for base and precious metals. The CLEVR Process™ optimization for La Romanera deposit is a post-flotation stage of metallurgical recovery that is being conducted at DUNDEE Sustainable Technologies' laboratories. A total of 18 optimization tests of the thermal treatment process (pyrolysis and thermal oxidation) were performed during this recent stage of testing. The latest CLEVR Process™ results indicate an improved gold recovery of 81.5% for a 27% improvement relative to previously reported results (17% increase in gold recovery). This represents an important upgrade relative to the 64.1% gold recovery that was used for its most recent NI 43-101 Mineral Resource Estimate ('MRE') based on the available results at the time of estimation (see news release March 17, 2025). Results for the current testing are shown in Table 1 and Figures 1 and 2: Table 1. Metallurgical recoveries for La Romanera deposit and El Cura deposits using the Two-Stage Process (see text below for details). Figure 1. Stacked bar chart showing updated results using the Two-Stage metallurgical process for La Romanera deposit. Figure 2. Stacked bar chart showing calculated recoveries using most recent metallurgical results for the El Cura deposit when applying data using the Two-Stage metallurgical process reported in this release. The La Romanera results reported herein are direct experimental data while El Cura numbers reported in this release are calculated from La Romanera metallurgical test data, based on work indicating that El Cura mineralization has similar metallurgical characteristics to La Romanera. The Two-Stage CLEVR Process offers several advantages: it allows for the maximization of base metals recoveries (Zn, Cu) and precious metals recoveries (Au, Ag), while minimizing waste products. CLEVR is a non-cyanide leaching gold process that the Company has been exploring, with DUNDEE Sustainable Technologies Inc. ('DST') engaged in the commercialization of environment-friendly technologies for the treatment of materials in the mining industry. Emerita's vision for the IBW Project is a mining project that adheres to the highest environmental standards should it reach a production decision. The optimization tests confirm a 97.8% reduction in sulfide content and a 90% removal of arsenic. This is an important benefit as it will reduce the potential environmental footprint of the operation by reducing the waste produced by approximately half and the waste will not be acid generating. Additionally, five acid leaching tests were carried out under various conditions for copper and zinc recovery, demonstrating recoveries of 80% for both copper and zinc from La Romanera flotation tailings. These results confirm and slightly improve upon those reported in the initial test work and the latest MRE (see news releases March 17, 2025, December 20, 2024). Seven CLEVR Process™ ('CLEVR') optimization tests were conducted, focusing on maximizing solids concentration, reaction time, and reagent consumption (with a 50% reduction in reagent use). Six out of seven tests showed gold recoveries close to or above 78%. Joaquin Merino, President of Emerita, comments, 'The Company's continuing investigation into the post-flotation process optimization has shown a dramatic improvement in gold recovery for the IBW Project. If we were to calculate the impact these results on recovered metals, compared to the initial results (MRE) it would translate into an additional recovery of 159,000 ounces of gold. This would represent an important margin improvement to the IBW Project. Based on the grades as published in the 2025 MRE and using the same metal prices, the optimized metallurgical results translate to a AuEq of approximately 4.53 g/t, or a ZnEq of 8.80% or alternatively a CuEq of 3.14%.' Emerita's metallurgical testing has been conducted under the guidance of Mr. Jorge Blanco, Emerita's Director of Metallurgy, in collaboration with Wardell Armstrong International for the flotation testing, and with DUNDEE Sustainable Technologies Inc. out of Quebec, Canada for the CLEVR Process TM testing. Qualified Person Scientific and technical information in this news release has been reviewed and approved by each of Joaquin Merino, President of the Company and. Jorge Blanco, MChem., Director of Metallurgy of the Company and each a Qualified Person as defined by NI 43-101. About Emerita Resources Corp. Emerita is a natural resource company engaged in the acquisition, exploration, and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada For further information, contact: Ian Parkinson +1 647 910-2500 (Toronto) info@ Cautionary Note Regarding Forward-looking Information This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the prospectivity of the IBW project, the mineralization and the IBW project, the economic viability of the IBW project, the metallurgy of the IBW project, the Company's ability to complete an economic study on the IBW project, the Company's exploration program, the Company's future exploration plans and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
