VANCOUVER, BC, Dec. 16, 2021 /CNW/ - Trevali Mining
Corporation ("Trevali" or the "Company") (TSX: TV) (BVL:
TV) (OTCQX: TREVF) (Frankfurt:
4TI) today announced that David
Schummer, the Company's Chief Operating Officer, has
tendered his resignation due to personal reasons.
Ricus Grimbeek, President and CEO stated, "On behalf of Trevali,
I would like to thank Dave for his contributions and wish him the
best in his future endeavors."
ABOUT TREVALI
Trevali is a global base-metals mining Company headquartered in
Vancouver, Canada. The bulk
of Trevali's revenue is generated from zinc and lead
concentrate production at its three operational assets: the
90%-owned Perkoa Mine in Burkina
Faso, the 90%-owned Rosh Pinah Mine in Namibia, and the wholly-owned
Caribou Mine in northern New
Brunswick, Canada. In addition, Trevali owns the
Halfmile and Stratmat Properties and the Restigouche Deposit in
New Brunswick, Canada. Trevali
also owns an effective 44% interest in the Gergarub Project in
Namibia, as well as an option to
acquire a 100% interest in the Heath Steele
deposit located in New Brunswick, Canada. The company's growth strategy is
focused on the exploration, development, operation, and
optimization of properties within its portfolio, as well as other
mineral assets it may acquire that fit its strategic criteria.
Trevali's vision is to be a responsible, top-tier operator of
long-life, low-cost mines in stable pro-mining jurisdictions.
Trevali is committed to socially responsible mining, working
safely, ethically, and with integrity. Integrating responsible
practices into its management systems, standards, and
decision-making processes is essential to ensuring everyone and
every community's long-term sustainability.
The shares of Trevali are listed on the TSX (symbol TV), the
OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and
the Frankfurt Exchange (symbol 4TI). For further details on
Trevali, readers are referred to the Company's website
(www.trevali.com) and to Canadian regulatory filings on
SEDAR at www.sedar.com.
Cautionary Note Regarding Forward-Looking Information and
Statements
This news release contains "forward-looking information" within
the meaning of Canadian securities legislation and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively,
"forward-looking statements"). In certain cases, forward-looking
statements can be identified by the use of words such as "plans",
"expects", "outlook", "guidance", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might", "will
be taken", "occur" or "be achieved" or the negative of these terms
or comparable terminology.
Forward-looking statements relate to future events or future
performance and reflect management's expectations or beliefs
regarding future events including, but not limited to, statements
with respect to the closing of the Transaction, including the
anticipated timing and amount of the consideration for the sale of
the Santander Mine, including the amount of cash payments to be
received by Trevali, if any; the extent of Trevali's future
ownership of CDPR; and expectations relating to the completion of
the proposed consolidation, including the timing thereof.
Forward-looking statements are based on the beliefs, expectations,
assumptions, and opinions of management of the Company as of the
date the statements are published, including, with respect to the
forward-looking statements in this news release, that the
Transaction closes on the timeline currently expected and that the
Company is able to complete the proposed Consolidation on the terms
and the timeline proposed. By their very nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements, including, without limitation, the
risk that the Transaction will not close on the timeline currently
expected or at all; the risk that the Company will not receive any
cash as consideration for the sale of the Santander Mine; the risk
that Trevali's interest in CDPR may be diluted and Trevali may not
benefit from its shareholdings in CDPR; the risk that Trevali may
not complete the Consolidation on the timeline or terms currently
proposed, or at all; and other risks of the mining industry
including, without limitation, other risks and uncertainties that
are more fully described in the Company's annual information
form, interim and annual audited consolidated financial statements
and management's discussion and analysis of those statements, all
of which are filed and available for review under the Company's
profile on SEDAR at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual
actions, events, or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. Trevali provides no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events may differ from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
SOURCE Trevali Mining Corporation