In 2023, the Company advanced its Sisson Project Work Plan.
- Geotechnical drilling and testing field program ("Phase 1 Drilling Program"):
- The Phase 1 Drilling program, designed to provide information on the site characterization and support additional design detail of the Tailings Storage Facility is completed.
- The Phase 1 Drilling Program will also support other ongoing engineering related activities and respond to certain provincial Environmental Impact Assessment ("EIA") conditions prior to the start of construction.
- Archeological work program ("Phase 1 Field Program"):
- The Phase 1 Field program underway involves mitigation activities in compliance of EIA conditions, and the development of a Heritage Resource Protocol and related activities.
- Discussions regarding an engagement plan to address EIA conditions of significance to First Nations continue.
- Continue to address other conditions associated with the three-year extension to the construction commencement timeline for the
Sisson Project toDecember 3, 2025 granted byNew Brunswick's Minister ofDepartment of Environment and Climate Change .
The Company also continues to advance offtake and project finance discussions with interested parties; and pursue funding opportunities under the Critical Minerals Joint Action Plan between
In this regard, Northcliff recently participated in the
The Company will also be featured in
Northcliff is a mineral resource company focused on advancing the feasibility-stage
Additional information on Northcliff is available on the website at www.northcliffresources.com.
On behalf of the Board of Directors
President & Chief Executive Officer
This news release contains forward-looking information based on current expectations. Forward-looking information is provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward looking information may include, without limitation, advancement of the planned programs under the Work Plan, the opinions or beliefs of management, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies, and outlook of Northcliff, and includes statements about, among other things, future developments, the future operations, strengths and strategy of Northcliff. 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". These statements should not be read as guarantees of future performance or results. These statements are based upon certain material factors, assumptions and analyses that were applied in drawing a conclusion or making a forecast or projection, including Northcliff's experience and perceptions of historical trends, the ability of Northcliff to maximize shareholder value, current conditions and expected future developments, as well as other factors that are believed to be reasonable in the circumstances.
Although such statements are based on management's reasonable assumptions at the date such statements are made, there can be no assurance that it will be completed on the terms described above and that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on the forward-looking information. Northcliff assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.
For additional information regarding forward-looking statements and their related risks, please refer to the "Risk Factors" section in the Annual Information Form of the Company for the year ended on
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