TSXV:
ARTG
VANCOUVER, BC, June 9, 2023
/CNW/ - Artemis Gold Inc. (TSXV: ARTG) ("Artemis Gold" or
the "Company") is pleased to announce it has received its
first US$35.2 million deposit under
the Silver Stream agreement (the "Silver Stream") concluded
on December 13, 2021 with Wheaton
Precious Metals Corp. ("Wheaton"). The initial deposit forms
part of the US$140.8 million that
Wheaton has committed to fund toward construction of the Blackwater
Gold Mine ("Blackwater"). Construction activities at
Blackwater are underway and progressing in accordance with the
Company's project development plan.
More details of the Silver Stream are contained in the Company's
most recent Annual Information Form that is filed on the Company's
profile on www.sedar.com.
Steven Dean, Chairman and Chief
Executive Officer of Artemis Gold, said "The receipt of the first
funding under the Silver Stream is an important milestone as it
represents the first external funding being advanced toward
Blackwater's construction and reflects our financing partners'
confidence in the strong progress achieved to date."
About Artemis Gold Inc.
Artemis Gold Inc. is a well-financed, growth-oriented gold
development company with a strong financial capacity aimed at
creating shareholder value through the identification, acquisition,
and development of gold properties in mining-friendly
jurisdictions. The company's current focus is construction of the
Blackwater Mine project in central British Columbia approximately 160km southwest
of Prince George and 450km
northeast of Vancouver. The
project is one of the largest capital investments in the
Bulkley-Nechako, Fraser-Fort George
and Cariboo regions of B.C. in the last decade. The first pour of
gold and silver from Blackwater Mine is expected H2 2024 and the
mine is expected to be in production for a minimum of 22 years.
Artemis trades on the TSX-V under the symbol "ARTG". For more
information visit: www.artemisgoldinc.com
Qualified Person
Jeremy Langford, FAUSIMM, a
Qualified Person as defined by National Instrument 43-101, has
reviewed, and approved the scientific and technical information in
this news release.
ARTEMIS GOLD INC.
On behalf of the Board of Directors
"Steven Dean"
Chairman and Chief Executive Officer
+1 604 558 1107
Neither the 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.
Cautionary Note Regarding Forward-Looking
Information
This news release contains certain "forward
looking statements" and certain "forward-looking information" as
defined under applicable Canadian and U.S. securities laws.
Forward-looking statements and information can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans", "potential" or similar terminology.
Forward-looking statements and information are not historical
facts, are made as of the date of this news release, and include,
but are not limited to, statements regarding the potential of the
Project; the jobs to be created in connection with the Project; the
contribution of the Project to the economy; opinions of the
Province of British Columbia
regarding the Project and the region; agreements and relationships
with Indigenous partners; the future of mining in British Columbia; the plans of the
Company with respect to the Project, including construction, site
preparation, clearing, consultation with indigenous groups ;;
and other plans and expectations of the Company with respect to the
Project. These forward-looking statements involve numerous
risks and uncertainties and actual results may vary. Important
factors that may cause actual results to vary include without
limitation, risks related to the ability of the Company to
accomplish its plans and objectives with respect to the development
of the Project within the expected timing or at all, the timing and
receipt of certain required approvals, changes in commodity prices,
changes in interest and currency exchange rates, risks inherent in
exploration and development activities, changes in development or
mining plans due to changes in logistical, technical or other
factors, unanticipated operational difficulties (including failure
of plant, equipment or processes to operate in accordance with
specifications, cost escalation, unavailability of materials,
equipment or third party contractors, delays in the receipt of
government approvals, industrial disturbances, job action, and
unanticipated events related to heath, safety and environmental
matters), the COVID-19 pandemic, political risk, social unrest,
changes in general economic conditions or conditions in the
financial markets, and other risks related to the ability of
the Company to proceed with its plans for the Project and other
risks set out in the Company's most recent MD&A. In making the
forward-looking statements in this news release, the Company has
applied several material assumptions, including without limitation,
the assumptions that: (1) market fundamentals will result in
sustained mineral demand and prices; (2) the receipt of any
necessary approvals and consents in connection with the development
of the Project; (3) the availability of financing on suitable terms
for the development, construction and continued operation of the
Project; (4) sustained commodity prices such that the Project
remains economically viable; and (5) that the COVID-19 pandemic and
restrictions related thereto will not materially impact the Company
or prevent the Company from operating its business as planned. The
actual results or performance by the Company could differ
materially from those expressed in, or implied by, any
forward-looking statements. Accordingly, no assurances can be given
that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what
impact they will have on the results of operations or financial
condition of the Company. Except as required by law, the Company is
under no obligation, and expressly disclaim any obligation, to
update, alter or otherwise revise any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
SOURCE Artemis Gold Inc.