The streaming agreement has been amended to increase the stream percentage to 2.75% of gross metals from 1.75% and the existing 10% secured note has been increased from
Proceeds will primarily be used to fund development works including metallurgical work aimed to further enhance both recoveries and concentrate qualities at its Lagoa Salgada project as well as optimizing the mine plan, production scheduling and plant size which are expected to improve Project Economics.
About Ascendant
Ascendant is a
Located just 80km from
Ascendant currently holds an 80% interest in the Lagoa Salgada project through its position in
Contact:
Executive Chairman
Tel: +1-647-805-5662
Email: mmcallister@ascendantresources.com
Forward Looking Information
This press release contains statements that constitute 'forward-looking information' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements contained in this press release include, without limitation, statements regarding the primary use of the proceeds from Sprott Streaming. In making the forward-looking statements contained in this press release, Ascendant has made certain assumptions, including, but not limited to the [benefits of optimization work including improved metallurgical recoveries, concentrate qualities and optimized mine plan and plant sizing at Lagoa Salgada and the advancement of permitting] [NTD: Ascendant to confirm accuracy of this statement]. Although Ascendant believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Ascendant disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading 'Risks Factors' in the Company's Annual Information Form dated
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