Arbor Metals to Assess Strategic Claims Adjacent to Its Jarnet Lithium Project in Quebec, Canada
28 Juillet 2023 - 8:00AM
Arbor Metals Corp. (“
Arbor” or the
“
Company”) (TSXV: ABR, FWB: 432) is pleased to
announce that the Company has entered into an agreement to grant
its technical team access to the data room of a strategically
located set of mineral claims adjacent to the Jarnet Lithium
Project in the James Bay region of Quebec, Canada. The Company
believes that these mineral claims have the potential to augment
the scope of the Jarnet Lithium Project significantly, and the
technical team is enthusiastic about conducting a comprehensive
analysis of all the past exploration information in the data room.
Mark Ferguson, CEO of Arbor, expressed
excitement about this new development, stating, “We are thrilled to
gain access to the data room, as it allows our technical team to
conduct an in-depth examination of all the past exploration data.
We believe that this strategic set of claims has the potential to
further strengthen our Jarnet project. If our understanding of the
claims is confirmed by our analysis, it could enhance Arbor's
position in the lithium market and reinforce our position in the
rapidly advancing Canadian EV Industry.”
The agreement will enable Arbor's technical team
to explore the historical data, geological reports, and exploration
results related to the strategic claims. They will evaluate the
benefits and possibilities of integrating this proximate project
with the Jarnet Lithium Project. Arbor remains committed to driving
the exploration and development of the Jarnet project, aiming to
capitalize on the increasing global demand for lithium.
Once the technical team completes its thorough
data analysis, Arbor will update its shareholders and stakeholders
regarding the findings and potential implications for the Jarnet
Lithium Project. The Company remains dedicated to transparency and
looks forward to sharing the results of this strategic assessment
with the investment community.
Arbor is dedicated to responsible resource
development and is well-positioned to play a crucial role in
supplying the necessary lithium to support the electrification of
transportation and the transition to a sustainable future. The
Company's focus on sustainable growth, innovation, and strategic
partnerships will continue to drive its efforts in meeting the
increasing demand for lithium in Canada's EV industry.
Dr. Peter Born, P.Geo., is the designated
qualified person as defined by National Instrument 43-101 and is
responsible for and has approved the technical information in this
release.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining
exploration company focused on developing high-value,
geographically significant mineral projects worldwide. Arbor is
paving the way for advanced mineral exploration as it oversees
world-class mining projects. The Company is confident that
combining quality projects with proven strategies and a dedicated
team will yield exceptional outcomes.
The Jarnet lithium project,
located in the James Bay region of Quebec, comprises 47
map-designated claims, covering an area of approximately 3,759
hectares. The Jarnet project is contiguous to the Corvette-FCI
property, where diamond drilling has confirmed significant lithium
mineralization representing one of the highest-profile lithium
exploration projects in the sector.
For further information, contact Mark Ferguson,
Chief Executive Officer, at
info@arbormetals.com, or
403.852.4869, or visit the Company’s website at
www.arbormetalscorp.com.
On behalf of the
Board,
Arbor Metals
Corp.
Mark Ferguson, Chief
Executive Officer
Neither the 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.
This news release may contain certain
“Forward-Looking Statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When or if used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and similar words or
expressions identify forward-looking statements or information.
These forward-looking statements or information may relate to the
development of the Jarnet Lithium Project, and the assessment of
data from adjacent claims, and other factors or information. Such
statements represent the Company’s current views with respect to
future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and
uncertainties. Many factors, both known and unknown, could cause
results, performance, or achievements to be materially different
from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other
events affecting such statements and information other than as
required by applicable laws, rules and regulations.
CONTACT:
MRKT360 INChttps://mrkt360.comAlex
Zertuchealexz@mrkt360.comFor E.S.T Office Hours, Call 1
416-477-0587
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1ac9c34f-6084-4782-a8ec-1c2f30b35a1a
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