VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) — Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV: ABR, FWB: 432) is pleased to announce that the ban forest access in Quebec, imposed due to the wildfires in the area, has been lifted, including access to the Company’s property. While road closures persist, Arbor has successfully secured helicopter access, expected to commence in August. The Company is now updating its work plan to accommodate these conditions and remains confident in its ability to complete its work program as planned.
The safety and well-being of our employees, contractors, and the surrounding communities are of paramount importance to us. As such, Arbor continues to closely monitor the wildfire situation and is collaborating with regulatory authorities to ensure that all necessary health and safety measures are in place during the work program.
“Our thoughts are with the communities affected by the wildfires, and we extend our deepest gratitude to the brave firefighters and all those who have tirelessly worked to bring the fires under control,” said Mark Ferguson, CEO of Arbor. “We are pleased to hear that the forest entry ban has been lifted, allowing us to resume our work program with helicopter access. We are committed to conducting our operations in a responsible and safe manner.”
As the Company prepares to deploy to complete this work program, Arbor is also actively planning its winter work program. The team is eager to reach the site and initiate the planned activities. The Company will provide further updates as the crews reach the site and work operations begin.
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.
On behalf of the Board,
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 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.
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