Trading Symbol: TSX-V: ARTG
All amounts are stated in Canadian Dollars unless otherwise noted
VANCOUVER, BC, July 28, 2022 /CNW/ – Artemis Gold Inc. (TSXV: ARTG) (“Artemis” or the “Company“) is pleased to announce that, further to its previous news release dated May 24, 2022, the Company has executed a Master Lease Agreement for the equipment lease facility (the “Facility”) with Caterpillar Financial Services Limited (“Cat Financial”) associated with the primary and ancillary mining fleet for the Blackwater Project (“Blackwater” or the “Project”) in Central British Columbia, Canada.
The Facility with Cat Financial provides for up to $140 million in equipment financing, with amounts associated with the primary fleet repayable over a six-year period and on terms consistent with the assumptions contained within the Company’s 2021 Feasibility Study technical report entitled “Blackwater Gold Project NI 43-101 Technical Report on Updated Feasibility Study” dated September 10, 2021. Utilization of the Facility remains subject to certain conditions precedent.
Steven Dean, Chairman and CEO commented, “The execution of the Master Lease Agreement with Cat Financial represents another important milestone as the Artemis team works to systematically derisk the development of the Blackwater project. This agreement is a step forward in the continuing collaboration between Artemis and Caterpillar. Artemis is preparing to begin major construction activities once the final BC Mines Act Permit is received, targeted in Fall 2022. This Facility provides a further, competitive low-cost source of capital for the development of the Blackwater Project.”
Qualified Person
Jeremy Langford, FAUSIMM, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
ARTEMIS GOLD INC.
On behalf of the Board of Directors
“Steven Dean“
Chairman and Chief Executive Officer
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.
Cautionary Note Regarding Forward-Looking Information
This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws (together, “forward-looking statements“). Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “potential” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements and information related to the plans of the Company regarding the Project and other statements regarding future plans, expectations, guidance, projections, objectives, estimates and forecasts, as well as statements as to management’s expectations with respect to such matters.
Forward-looking statements and information are not historical facts and are made as of the date of this news release. These forward-looking statements involve numerous risks and uncertainties and actual results may vary. Important factors that may cause actual results to vary include without limitation, risks related to the ability of the Company to accomplish its plans and objectives with respect to the Project within the expected timing or at all; the timing and receipt of certain approvals, changes in commodity and power prices, changes in interest and currency exchange rates, risks inherent in exploration estimates and results, timing and success, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), changes in development or mining plans due to changes in logistical, technical or other factors, unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials, equipment and third party contractors, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, the assumptions that: (1) market fundamentals will result in sustained mineral demand and prices; (2) the receipt of any necessary approvals and consents in connection with the development of any properties; (3) the availability of financing on suitable terms for the development, construction and continued operation of any mineral properties; and (4) sustained commodity prices such that any properties put into operation remain economically viable. The actual results or performance by the Company could differ materially from those expressed in, or implied by, any forward-looking statements relating to those matters. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Except as required by law, the Company is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
SOURCE Artemis Gold Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/28/c0708.html
Baconator® fans rejoice! Wendy's® announces its Baconic Fall Lineup with addition of the new Blazin' Baconator, available now for a limited time* in Canadian restaurants. With the new Baconic Fall Lineup fans will have the opportunity to bite into their favourite sandwich at any time of the day – a Breakfast Baconator™ to get the morning started, a classic Baconator to satisfy lunchtime cravings or the new Blazin' Baconator when in the mood to spice things up.
Japan may seem like a lonely voice in the Group of Seven pleading for some currency calm, but the rest may be taking more notice than first appears. Nearly every other economic and political metric these days seems to have returned to the 1980s – so thoughts of significant G7 currency market intervention seem less outlandish against that backdrop. The U.S. dollar's index has only recorded year-on-year gains at the current 20% pace on four other occasions since its historic surge in 1985 prompted the then G5 powers to collectively intervene to cap the rampant greenback.
For almost three centuries, the House of Rémy Martin has teamed up with vintners to infuse the taste of the terroir in its Cognacs. The MICHELIN Guide has shined a light on regional specialties and gastronomic talent worldwide for over one hundred years. As icons of fine dining and spirits, Michelin and Rémy Martin continue to celebrate sustainable excellence and exceptional know-how across continents, expanding the two-year partnership into Canada with the MICHELIN Guide Toronto, its first Cana
Barclays forecast a slowdown in global growth to 2.2% in 2023 versus 2.8% this year, and warned that it expects advanced economies to contract in the fourth quarter with zero growth next year. Central banks globally have been rapidly tightening monetary policies, on the heels of the Russia-Ukraine conflict that exacerbated supply-chain issues, to keep soaring inflation in check as economies are still recovering from the pandemic.
On Thursday, September 15th, 2022, Chez Doris invites media representatives to the inauguration of its new night shelter, which provides a safe and healthy space for vulnerable and homeless women 24 hours a day. At the press conference, media will be able to tour the new facility with Marina Boulos-Winton, Executive Director of the organization. The event will be held at the night shelter and will be attended by Benoit Dorais, the City of Montreal's Executive committee vice-chair, Responsible fo
Lightspeed Commerce (TSX:LSPD)(NYSE:LSPD) is a tech stocks that's down, but don't count it out! The post TFSA Investors: 1 Beaten-Up Growth Stock to Buy in Mid-September appeared first on The Motley Fool Canada.
Struggling home goods retailer Bed Bath & Beyond Inc is taking an axe to stores and jobs and overhauling its merchandising strategy, but its return to profitability anytime soon may hinge on luring U.S. shoppers who currently spend $18.2 billion a year on baby goods. The company's buybuy Baby unit is the largest specialty baby-product retailer in the U.S., according to GlobalData. Holding onto buybuy Baby — which Bed Bath & Beyond had put up for sale under shareholder pressure before reversing course in August — helped the parent company obtain its recent $375 million loan, the maximum amount it could borrow, a person familiar with the matter said.
TOKYO (Reuters) -Japan ran its biggest single-month trade deficit on record in August as imports surged on high energy costs and a slump in the yen, exposing the economy's vulnerability to external price pressures. The growing trade deficit highlights the fragile nature of Japan's economic recovery which has so far largely remained intact despite a high price tag firms are paying for imports that is aggravated by the yen's slide to a 24-year low and rising prospects of a global slowdown. Imports jumped 49.9% in the year to August, driven by costs of crude oil, coal and liquefied natural gas (LNG), and causing the trade deficit to swell to 2.8173 trillion yen ($19.71 billion), the biggest shortfall on record.
Lululemon Athletica Inc. founder and billionaire Chip Wilson is donating $100 million to the B.C. Parks Foundation to help protect and enhance the province's nature. The donation, which was announced Thursday at an event held in Vancouver's Stanley Park, will be made through the Wilson 5 Foundation. The commitment is part of the B.C. Parks Foundation's launch of 25×25, a multi-year campaign to protect 25 per cent of land and waters, in partnership with Indigenous people. The foundation started i
Fears of a recession among managers and executives may have fallen from pandemic peaks, but economists warn a soft landing for Canada is looking less likely.
Japan's efforts to stop the yen's sharp falls through unilateral market intervention would only have a limited impact, a senior member of the country's ruling party warned, as data showed the currency's recent tumble blowing the trade gap out to a record. The Japanese yen held above 24-year lows against the U.S. dollar on Thursday, a day after authorities issued their clearest signal yet that they were not comfortable with recent sharp declines in the currency and were preparing for intervention. The yen last traded around 143.62 per dollar, down about 0.3%, having shot up against the greenback on Wednesday on news of the possible intervention.
(Reuters) -Britain's antitrust watchdog said on Thursday it would launch an in-depth probe into Xbox maker Microsoft's $69-billion purchase of "Call of Duty" maker Activision Blizzard after the tech giant failed to offer remedies to soothe competition concerns. The deal, announced in January, will require approval in the United States as well as other major jurisdictions including the European Union and China. Britain's Competition and Markets Authority (CMA) said earlier this month the takeover of the videogame publisher maker could hurt competition in gaming consoles, subscription services and cloud gaming if Microsoft refused to give competitors access to Activision's best-selling games.
WASHINGTON (Reuters) -Central bankers must be persistent in fighting broad-based inflation, International Monetary Fund chief Kristalina Georgieva said on Wednesday, conceding that many economists were wrong when they predicted last year that inflation would ease. "And what it means is … we need central bankers to be as stubborn in fighting it as inflation has demonstrably been." If fiscal policy and monetary policy worked well, next year might prove less painful, she said at an event with French European Central Bank policymaker Francois Villeroy de Galhau.
A new hovercraft service could cut travel time between Toronto and the Niagara Region down to 30 minutes. Hoverlink Ontario Inc. announced that they have entered the final stage of approval to introduce a high-speed hovercraft service to the Golden Horseshoe. The first of its kind in North America. With plans to begin operation next summer, the hovercraft service will travel across Lake Ontario between Ontario Place in downtown Toronto and Port Weller in St. Catharines, Ont., a trip that can tak
If you have time to wait, then an investment of just $1,000 could turn into an enormous portfolio with these TSX stocks by the time you hit retirement. The post Got $1,000? Buy These 2 Stocks and Hold Until Retirement appeared first on The Motley Fool Canada.
NEW YORK (Reuters) -Some trains carrying fuel components to the U.S. Northeast have been halted in preparation for a possible railroad shutdown in the coming days, two sources familiar with the situation said on Wednesday. The northernmost East Coast states rely on railroad shipments to supplement pipeline deliveries from the U.S. Gulf. The region is among the largest fuel consumers in the nation, where U.S. Energy Information Administration (EIA) data shows that in July inventories of heating oil and diesel reached the lowest levels in at least three decades.
President Biden’s climate change actions are a game-changer, and Canada needs to find a way to respond
p-Chip Corporation, a company that is revolutionizing the tracking of physical products and materials with its cutting-edge microtransponder technology, today introduced its newest breakthrough, the p-Chip Code™ secure tracking tag. The p-Chip Code tracker combines a silicon-based p-Chip® microtransponder with a standard 2D matrix code to create hyper-secure QR codes, bar codes and other matrix codes.
WHISTLER, B.C. — British Columbia's Liberal leader says more supply is the answer to the province's housing affordability crisis, while one local leader says urgent action is also needed. Opposition leader Kevin Falcon says a Liberal government under his leadership would increase supply as a way to help first-time buyers. He says he would also back "direct" supports for renters, but he hasn't "fleshed out" exactly how that would look. Falcon made the comments after addressing the Union of B.C. M
BEIRUT (AP) — A Lebanese activist group on Thursday vowed to organize more bank heists to help people retrieve their locked savings as the country's years-long economic crisis continues to worsen. Activists from Depositors' Outcry group accompanied Sali Hafez into a Beirut bank branch on Wednesday, and she was able to retrieve some $13,000 in her savings to fund her sister's cancer treatment. Hafez carried a toy gun when she walked into BLOM Bank on Wednesday, while the activists who accompanied
About Author
