VANCOUVER,
June 22, 2017
/CNW/ - Meridian Mining S.E. (TSX V: MNO) ("Meridian" or the
"Company"), announced yesterday that it has signed a contract for
the sale of 20,000 tonnes of high-grade manganese to an
international customer from its project in Rondônia, Brazil.
Meridian incorrectly stated the unit for the benchmark
price, which should have read at May
20th 2017, (US$ / Price 44% Mn CIF Tianjin –
Metal Bulletin) the benchmark price for manganese was USD
$5.76 per dry metric tonne unit
(dmtu).
The May 20th 2017
44% Mn CIF Tianjin benchmark price of $5.76 dmtu equates to USD $253.44 per tonne.
ABOUT MERIDIAN
Meridian Mining S.E. is focused on the
acquisition, exploration, development and mining activities in
Brazil. The Company is
currently focused on exploring and developing the
Jaburi manganese and gold projects, the Bom Futuro tin JV area, and
adjacent areas in the state of Rondônia.
The Company employs a two-pronged strategy
with the objective of growing pilot production while
advancing a parallel multi-commodity regional exploration program.
Meridian is currently producing high grade manganese at its project
located at Espigão de Oeste.
Further information can be found at
www.meridianmining.co.
On behalf of the Board of Directors of
Meridian Mining S.E.
"Anthony Julien"
Anthony Julien
President, CEO
and Director
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain
forward-looking information or forward-looking statements for the
purposes of applicable securities laws. These statements include,
among others, statements with respect to the Company's plans for
exploration and development of its properties and potential
mineralization. These statements address future events and
conditions and, as such, involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the statements. Such risk factors include, among others,
failure to obtain regulatory approvals, failure to complete
anticipated transactions, the timing and success of future
exploration and development activities, exploration and development
risks, title matters, inability to obtain any required third party
consents, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions,
relationships with strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices
and one-time events. In making the forward-looking statements, the
Company has applied several material assumptions including, but not
limited to, the assumptions that: (1) the proposed exploration and
development of mineral projects will proceed as planned; (2) market
fundamentals will result in sustained metals and minerals prices
and (3) any additional financing needed will be available on
reasonable terms. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.
The Company cautions that it has not completed any
feasibility studies on any of its mineral properties, and no
mineral reserve estimate has been established. In particular,
because the Company's production decision relating to Jaburi's
manganese project is not based upon a feasibility study of mineral
reserves, the economic and technical viability of the Jaburi
manganese project has not been established.
The TSX Venture Exchange has in no way passed upon the
merits of the proposed option grant and has neither approved nor
disapproved the contents of this news release. Neither 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.
SOURCE Meridian Mining S.E.