WHITEMUD RESOURCES INC. (via TheNewswire)
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Whitemud’s major shareholder,
capital program at a favourable interest rate of 5.0% per annum.
This capital program and interim financing are being undertaken to restart mining and processing operations, expected to be at the end of the first quarter of 2024.
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This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Whitemud’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘attempts’’, ‘‘intends’’, “continues”, “plans” or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Whitemud believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Such statements include statements with respect to the feasibility of designing a full scale production flash calciner and the resulting energy efficiency, lower carbon emissions and greater competitiveness in themarketplace, the statement that the financing being provided is interim implying replacement financing in the future. Actual results could differ materially from those anticipated in these forward-looking statements. The technology may not be sufficiently developed to design the full scale production flash calciner or such development may not be economical. If developed, such flash calciner may not achieve the anticipated energy efficiency or reduced carbon emissions. The product’s competitiveness in the marketplace may not be improved. Alternative financing may not be available or not available on favourable terms. Results could be impacted by prevailing economic conditions and other factors, many of which are beyond the control of
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