VANCOUVER, BC, Nov. 29,
2022 /CNW/ - Minerva Intelligence Inc. (TSXV:
MVAI) (OTCQB: MVAIF) ("Minerva" or the "Company"), an artificial
intelligence software company focused on building decision support
tools for climate risk, mineral exploration and mining, announces
its financial results for the three-month period ended September 30, 2022 ("Q3"). All amounts are
presented in Canadian dollars.
- Total revenues for the three-month period ended September 30th, 2022, of $89,422
- Net loss for the three-month period ended September 30th, 2022, of $812,124
- Cash balance of $812,684 and
working capital of $595,196
For full details on Minera's reported results, please go to
https://minervaintelligence.com/investors.
About Minerva Intelligence Inc.
Minerva Intelligence Inc. is a software development company based
in Vancouver, Canada, with a
subsidiary office in Darmstadt, Germany. Their proprietary technology is
empowering organizations to make defensible decisions in the face
of climate change. Although Minerva's applications focus on the
search for critical metals and the assessment of physical climate
risk, their technology has application in diverse industries and
domains. Minerva's common shares are currently listed on the TSX
Venture Exchange (symbol MVAI). For further details, please refer
to their website www.minervaintelligence.com or follow
Minerva on Twitter or LinkedIn.
Cautionary Note Regarding Forward-Looking
Statements
Forward Looking Information: This news release includes certain
information that may be deemed "forward-looking information".
Forward-looking information can generally be identified by the use
of forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "anticipate", "believe", "continue", "plans"
or similar terminology. All information in this release, other than
information of historical facts, including, without limitation, the
availability of financing to the Company are forward-looking
information that involve various risks and uncertainties. Although
the Company believes that the expectations expressed in such
forward-looking information are based on reasonable assumptions,
such expectations are not guarantees of future performance and
actual results or developments may differ materially from those in
the forward-looking information. Forward-looking information is
based on a number of material factors and assumptions. Factors that
could cause actual results to differ materially from the
forward-looking information include changes in project parameters
as plans continue to be refined, future metal prices, availability
of capital and financing on acceptable terms, general economic,
market or business conditions, regulatory changes, delays in
receiving approvals, and other risks detailed herein and from time
to time in the filings made by the Company with securities
regulatory authorities in Canada. Mineral exploration and
development of mines is an inherently risky business. Accordingly,
actual events may differ materially from those projected in the
forward-looking information. For more information on the Company
and the risks and challenges of our business, investors should
review our continuous disclosure filings which are available
at www.sedar.com. Readers are cautioned not to place undue reliance
on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
The TSX Venture Exchange has neither approved nor disapproved
of the contents of this press release. 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 press
release.
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SOURCE Minerva Intelligence Inc.
