Fieldwork including geochemistry, geological mapping and sampling, and geophysics on the project is currently in development.
Definitive Option Agreement
The terms of the Polimet Gold-Copper-Silver project are as follows
Make a cash payment of
Incur exploration expenditures of at least
Subject to the requisite investment having been met, Fitzroy Minerals can exercise the Polimet Option by making a
Update Regarding January Private Placement
The Company announces that the final amount of the non-brokered private placement which closed on
About Fitzroy Minerals
Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the
Contact:
President and CEO
For further information, please contact:
Tel: +1 604-505-4554
Email: mmj@fitzroyminerals.com
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the completion of the Offering and the timing and pricing in respect thereof, the use of proceeds of the Offering, and timely receipt of all necessary approvals, including any requisite approval of the Exchange.
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of the Company. Such statements can generally, but not always, be identified by words such as 'expects', 'plans', 'anticipates', 'intends', 'estimates', 'forecasts', 'schedules', 'prepares', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. All statements that describe the Company's plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by the Company that the actual results realized in the future will be the same in whole or in part as those presented herein. the Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding the Company's business contained in the Company's reports filed with the securities regulatory authorities in
The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any for-ward looking statements, other than as required by law.
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