VANCOUVER, BC, July 27,
2022 /CNW/ - Filo Mining Corp. (TSX: FIL)
(Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo
Mining", or the "Company") regrets to announce the death of former
member of the Board of Directors, Mr. Lukas
H. Lundin, in Geneva,
Switzerland on July 26, 2022
at the age of 64, following a two-year battle with brain cancer.
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Over the past 40 years, Mr. Lundin has been an instrumental
driving force behind the tremendous successes of the companies
within The Lundin Group of Companies. Lukas started his career in
the international energy and mining sectors in the early 1980s
working side-by-side with his father, the late Adolf H. Lundin.
Under the leadership of Lukas and his brother Ian, and in close
cooperation with the rest of the Lundin family the Lundin Group of
Companies has grown into an internationally recognized group of
energy and mining companies with operations around the globe,
employing more than 15,000 people and creating opportunities for
tens of thousands more.
The 11 companies that make up the Lundin Group of Companies
today has a combined market capitalization in excess USD 11 billion.
Lukas Lundin founded Filo Mining
in 2016, was Chairman of the Company from its creation through
June 2020, and served as a Director
of the Company until he stepped down in June
2022.
In his role as Chairman and member of the Board, Mr. Lundin
oversaw the spin-out of Filo Mining from NGEx Resources Inc. in
September 2016 – a critical first
step in developing Filo del Sol into one of the most significant
copper-gold-silver discoveries in recent years.
Lukas Lundin's sons Harry, Adam,
Jack and William say in a joint statement: "Our father is
our biggest inspiration. His passion for the industries to which he
devoted his life was unparalleled. Lukas saw people as the key to
success and spent decades building some of the strongest management
teams in our industries. He always strived to empower those working
with him and continuously pushed us to aim higher. We could not
have had a better father and mentor.
Our family is deeply saddened about Lukas' passing but takes
comfort in the knowledge that his legacy will live on for
generations to come. Having worked side-by-side with Lukas for many
years, all of us look forward to continuing to build on the
successes of the companies within the Lundin Group - with the
support of our shareholders and stakeholders, not least the members
of the local communities where we operate. The companies in the
Lundin Group stand stronger than ever and the Lundin family is
united in our commitment to remain long term shareholders".
Filo Mining's President and CEO, Jamie
Beck, comments: "Those of us who have been fortunate
enough to know and work with Lukas have lost a visionary leader and
dear friend. At Filo Mining, Lukas' passion, perseverance,
and support was instrumental to our success. Under his
guidance, what began in the late 90's as an unexplored land package
in the central Andes, has today grown into one of the most
prospective copper mining districts in the world. I can think
of no better tribute than our commitment and dedication to
continuing the work that he loved."
On behalf of Filo Mining,
Jamie Beck
President and CEO
Additional Information
The Company's certified adviser on the Nasdaq First North Growth
Market is Aktieinvest FK AB, +46 8 506 51703,
rutger.ahlerup@aktieinvest.se.
The information contained in this news release was accurate at
the time of dissemination, but may be superseded by subsequent news
release(s). The Company is under no obligation nor does it intend
to update or revise the forward-looking information, whether as a
result of new information, future events or otherwise.
This information was submitted by Filo Mining Corp. for
publication, through the agency of the contact person set out
below, on July 27, 2022 at
11:30 am EDT.
About Filo Mining
Filo Mining is a Canadian exploration and development company
focused on advancing its 100% owned Filo del Sol copper-gold-silver
deposit located in Chile's Region
III and adjacent San Juan Province, Argentina. The Company's shares are listed on
the TSX and Nasdaq First North Growth Market under the trading
symbol "FIL", and on the OTCQX under the symbol "FLMMF". Filo
Mining is a member of the Lundin Group of Companies.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein in the
news release constitutes "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities legislation (collectively, "forward-looking
information"). Generally, this forward-looking information can
frequently, but not always, be identified by use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "projects", "budgets", "assumes", "strategy", "goals",
"objectives", "potential", "possible", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or statements that certain actions, events, conditions or results
"will", "may", "could", "would", "should", "might" or "will be
taken", "will occur" or "will be achieved" or the negative
connotations thereof. All statements other than statements of
historical fact may be forward-looking statements.
The Company believes that the expectations reflected in the
forward-looking information included in this news release are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking information
should not be unduly relied upon.
The forward-looking statements contained in this news release
are made as at the date of this news release and Filo does not
undertake any obligations to publicly update and/or revise any of
the included forward-looking statements, whether as a result of
additional information, future events and/or otherwise, except as
may be required by applicable securities laws. There can be
no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. All the forward-looking information
contained in this document is qualified by these cautionary
statements. Readers are cautioned not to place undue reliance on
forward-looking information due to the inherent uncertainty
thereof. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements, including the risks, uncertainties and
other factors identified in the Company's latest Management's
Discussion and Analysis available at www.sedar.com.
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SOURCE Filo Mining Corp.