The PO is with a leading international metals trading company ('MTC') for the delivery and sale of 300 metric tons or 15 full container loads of silver concentrate that will be produced from the
'This offtake supply PO is a milestone achievement for the Company and demonstrates confidence in the Company's ability to transition from development to commercial operations,' states
The Company is currently working with MTC to expedite a definitive offtake agreement, further detailing our commercial relationship.
The Company is not basing any decision to produce on a feasibility study of mineral reserves demonstrating economic and technical viability and advises there is an increased uncertainty and specific economic and technical risk of failure with any production decision. These risks include, but are not limited to, (i) a drop in price of commodities produced, namely silver, copper, lead and zinc, from the pricing used to make a production decision; (ii) failure of grades of the produced material to fall within the parameters used to make the production decision; (iii) an increase in mining costs due to changes within the mine during development and mining procedures and (iv) metallurgical recovery changes that cannot be anticipated at the time of production.
The Company announces the grant of 250,000 options to Officers, Directors, Consultants and Employees that vest immediately and are exercisable for five years at
This News Release has been prepared on behalf of the
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