CMC Metals Ltd. Clarifies Technical Disclosure For Canadian NI 43-101 Compliance
01 February 2025 - 6:30AM
CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P)(“CMC” or the
“Company”) announces that as a result of a review by the British
Columbia Securities Commission (“BCSC”), the Company is issuing the
following news to clarify previous disclosure relating to the 2024
Technical Report on the Silver Hart Property, Yukon. The 2024
Technical Report Silver Hart Project is not compliant with National
Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI
43-101”) and should not be relied on until it has been verified and
supported by technical reports.
The Company is working with MICON International
Inc. who are the Qualified Person to produce a compliant NI 43-101
report on or before the end of Q1, 2025.
On behalf of the Board: “Kevin
Brewer”Kevin Brewer, President, CEO and Director
CMC METALS LTD.
For Further Information and Investor
Inquiries:Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip.
Mine Eng.President, CEO and DirectorTel: (+52) 669 198
8503kbrewer80@hotmail.comSuite 1000-409 Granville St., Vancouver,
BC, V6C 1T2
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.
“This news release may contain certain
statements that constitute “forward-looking information” within the
meaning of applicable securities law, including without limitation,
statements that address the timing and content of upcoming work
programs, geological interpretations, receipt of property titles
and exploitation activities and developments. In this release
disclosure regarding the potential to undertake future exploration
work comprise forward looking statements. Forward-looking
statements address future events and conditions and are necessarily
based upon a number of estimates and assumptions. While such
estimates and assumptions are considered reasonable by the
management of the Company, they are inherently subject to
significant business, economic, competitive and regulatory
uncertainties and risks, including the ability of the Company to
raise the funds necessary to fund its projects, to carry out the
work and, accordingly, may not occur as described herein or at all.
Actual results may differ materially from those currently
anticipated in such statements. Factors that could cause actual
results to differ materially from those in forward looking
statements include market prices, exploitation and exploration
successes, the timing and receipt of government and regulatory
approvals, the impact of the constantly evolving COVID-19 pandemic
crisis and continued availability of capital and financing and
general economic, market or business conditions. Readers are
referred to the Company’s filings with the Canadian securities
regulators for information on these and other risk factors,
available at www.sedar.com. Investors are cautioned that
forward-looking statements are not guarantees of future performance
or events and, accordingly are cautioned not to put undue reliance
on forward-looking statements due to the inherent uncertainty of
such statements. The forward-looking statements included in this
news release are made as of the date hereof and the Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
applicable securities legislation.”
CMC METALS LTD. #1000 – 409 Granville
StreetVancouver, BC, V6C 1T2 VANCOUVER TEL : (604)
602-0001www.cmcmetals.ca
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