SOPERIOR FERTILIZER PROVIDES UPDATE ON LEASE RENEWAL
01 November 2024 - 3:54AM
SOPerior Fertilizer Corp. (the “Company” or
“SOP”) (NEX:SOP.H). The Company is providing an
update with respect to its Other Business Arrangement (“OBA”)
renewal of the Blawn Mountain mineral leases which was previously
disclosed in its press release of June 14, 2024. Due to various
inquiries regarding the leases, SITLA posted a Request for
Proposals for the Blawn Mountain Leases with a September 1, 2024
deadline for submissions.
The Company is deeply disappointed to announce
that it was unsuccessful in its bid to reacquire the SITLA OBA for
the Blawn Mountain mineral leases. Even though the Company’s
submission contained substantial financial and commercial
development commitments from its proposed JV counterparty, SITLA
has chosen instead to award the OBA to a large mining entity for
precious metal exploration activity. While SITLA was not willing to
entertain splitting the mineral rights, they have advised the
Company and its proposed JV counterparty to pursue structuring a
mineral rights deal directly with the new OBA holder.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
On Behalf of the Board of Directors
SOPERIOR FERTILIZER CORP.
“Andrew Squires”CEO and Director
Contact InformationPhone:
(403)-850-0422E-mail inquiries:
info@SOPeriorfertilizer.comwww.SOPeriorfertilizer.com
FORWARD LOOKING STATEMENTS: This news
release contains forward-looking statements, which relate to future
events or future performance and reflect management's current
expectations and assumptions. Such forward-looking statements
reflect management’s current beliefs and are based on assumptions
made by and information currently available to the Company.
Investors are cautioned that these forward-looking statements are
neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially
from those expected. These forward-looking statements are made as
of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation
to update or revise them to reflect new events or circumstances.
All of the forward-looking statements made in this press release
are qualified by these cautionary statements and by those made in
our filings with SEDAR in Canada (available at www.sedar.com).
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