Rover Metals Announces Fundamental Research Has Published an Updated Report
14 Février 2022 - 3:00PM
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)
(FRA:4XO) (“
Rover” or the
“
Company”) is pleased to announce that Fundamental
Research Corp. (“FRC”) has published their updated analyst report
on Rover, dated January 2022. The report can be accessed here:
https://www.researchfrc.com/company/rover-metals-corp/
FRC is one of the largest issuer-paid
independent stock market research firms in the world, with a
17-year track record of covering 550+ companies. As of December 14,
2020, FRC’s top picks were up 55.6% on average since the initiation
of coverage.
Judson Culter, CEO at Rover Metals, states
“Rover Metals operates in a prolific mining jurisdiction in the
southern Northwest Territories (“NT”). Three weeks ago, our
neighbour, Fortune Minerals, announced its intent to acquire a
refinery location north of Edmonton, AB. The infrastructure needed
to bring the NT’s next gold mine into production, looks to soon be
in place. The proposed location for Fortune’s NICO processing
facility is located 40km northwest of Rover’s Cabin Gold Project,
along the recently constructed Tlicho All Season Road (“TASR”).
TASR opened to the public in November 2021. Rover plans to send
samples of its drill core, from its Cabin Gold Project, to the lab
for metallurgic testing in H1 of this year. The goal of the testing
will be to determine the recovery flotation rates for the ore at
Cabin. The next step, after receiving the metallurgical results,
would be to work with Fortune to determine the possible economics
of a processing agreement.
Winter Phase 3 Exploration, at our Cabin Gold
Project, is expected to commence soon. The Company will be issuing
an updating release in the coming days.”
Advisory AgreementsThe Company has issued
218,840 common shares, for the settlement of $12,500 in trade
payables, for consulting services provided in Q4-2021, pursuant to
pre-approved shares for services agreements. The services were
provided by two advisors to the Company. Only one of these shares
for services agreements will continue into 2022. The shares bear
the minimum four-month regulatory hold period from the date of
issuance.
Investor RelationsThe Company has renewed its
agreement with Momentum Public Relations Inc. (“Momentum PR”) for
investor relations services for another six months through to July
31, 2022. Pursuant to the renewal agreement, Momentum PR will be
granted 600,000 incentive stock options, pursuant to the Company’s
shareholder approved Stock Option Plan. The incentive stock options
have been granted in three tranches as follows: 200,000 options
with an exercise price of $0.06, 200,000 options with an exercise
price of $0.075, and 200,000 options with an exercise price of
$0.09.
About Rover MetalsRover is a
precious metals exploration company specialized in North American
precious metal resources, that is currently advancing the gold
potential of its existing projects in the Northwest Territories of
Canada (60th parallel). The Company commenced Phase 2 Exploration
at its 100% owned Cabin Gold Project in Q3-2021, and the analysis
and reporting of the Phase 2 Exploration work at Cabin Gold
continues through to the date of this release. The Company
anticipates commencing its Phase 3 Exploration Program at Cabin in
March of this year.
You can follow Rover on its social media
channels:Twitter:
https://twitter.com/rovermetals LinkedIn:
https://www.linkedin.com/company/rover-metals/ Facebook:
https://www.facebook.com/RoverMetals/ for daily company
updates and industry news, and YouTube:
https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber for
corporate videos.Website:
https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS “Judson
Culter” Chief Executive Officer and Director
For further information, please contact: Email:
info@rovermetals.com Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking
InformationThis news release contains statements that
constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause Rover's actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur. There
can be no assurance that such statements prove to be accurate.
Actual results and future events could differ materially from those
anticipated in such statements, and readers are cautioned not to
place undue reliance on these forward-looking statements. Any
factor could cause actual results to differ materially from Rover’s
expectations. Rover undertakes no obligation to update these
forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION
CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE
COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE
IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT
TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY
PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF
THIS RELEASE.
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