VANCOUVER, BC, July 3, 2024
/CNW/ - Eastern Platinum Limited (TSX: ELR) (JSE: EPS)
("Eastplats" or the "Company") announces that it has
granted 4,190,000 stock options to directors, officers, and
employees of the Company that vest in 90 days. The options were
granted for a term of five years and expire on July 2, 2029. Each option allows the holder to
purchase one common share of Eastplats at an exercise price of
CDN$0.20.
About Eastern Platinum Limited
Eastplats owns directly and indirectly a number of PGM and
chrome assets in the Republic of South
Africa. All of the Company's properties are situated on the
western limb (Crocodile River Mine) and eastern limb (Kennedy's
Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological
environment that hosts approximately 80% of the world's PGM-bearing
ore.
Operations at the Crocodile River Mine currently include
re-mining and processing its tailings resource from the Barplats
Zandfontein tailings dam and mining and processing ore from the
Zandfontein underground section to both produce PGM and chrome
concentrates.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains "forward-looking statements" or
"forward-looking information" (collectively referred to herein as
"forward-looking statements") within the meaning of
applicable securities legislation. Such forward-looking statements
include, without limitation, forecasts, estimates, expectations and
objectives for future operations that are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Company. Forward-looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words "will", "plan", "intends", "may", "will",
"could", "expects", "anticipates" and similar expressions. Further
disclosure of the risks and uncertainties facing the Company and
other forward-looking statements are discussed in the Company's
Annual Information Form and Management's Discussion and Analysis
which are available under the Company's profile
on www.sedarplus.ca.
In particular, this press release contains forward-looking
statements pertaining to the vesting and expiry of options issued
by the Company. These forward-looking statements are based on
assumptions made by and information currently available to the
Company. Although management considers these assumptions to be
reasonable based on information currently available to it, they may
prove to be incorrect. By their very nature, forward-looking
statements involve inherent risks and uncertainties and readers are
cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially
from the beliefs, plans, objectives, expectations, estimates and
intentions expressed in such forward-looking statements. These
factors include, but are not limited to, commodity prices, economic
conditions, currency fluctuations, competition and regulations,
legal proceedings and risks related to operations in foreign
countries.
The forward-looking statements in this press release are made as
of the date they are given and, except as required by applicable
securities laws, the Company disclaims any intention or obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
contained herein.
SOURCE Eastern Platinum Ltd.