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Iconic Announces Grant of Option for Smith Creek Lithium Project, Nevada

Iconic Announces Grant of Option for Smith Creek Lithium Project, Nevada

標誌性公司宣佈授予內華達州Smith Creek鋰項目的選擇權
newsfile ·  2022/11/28 21:35

Vancouver, British Columbia--(Newsfile Corp. - November 28, 2022) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") announces that it has entered into a binding term sheet (the "Term Sheet") with Lithium of Nevada Pty Ltd ("LON"), a private Australian company, whereby Iconic's wholly-owned Nevada subsidiary ("Iconic Subco") has granted to LON the option (the "Option") to earn up to a 50% interest in the Company's Smith Creek lithium project (the "Smith Creek Project" or the "Project") located 37 miles southwest of Austin, Nevada (the "Transaction"). The Term Sheet provides that the parties will now proceed with the negotiation of a definitive agreement for the Transaction (the "Definitive Agreement").

温哥華,不列顛哥倫比亞省-(Newsfile Corp.-2022年11月28日)-標誌性礦業有限公司。(TSXV:ICM)(OTCQB:BVTEF)(法蘭克福證券交易所:YQGB)(“公司”或“標誌性”)宣佈已簽訂具有約束力的條款説明書(“條款説明書“)與內華達州的Lithium Pty Ltd(”),這是一家澳大利亞私營公司,ICONIC的全資內華達州子公司(標誌性的Subco“)已向LON授予選擇權(”選擇權“)賺取公司Smith Creek鋰項目(The”)高達50%的權益Smith Creek項目“或”項目)位於內華達州奧斯汀西南37英里處(交易記錄“)。條款説明書規定,雙方現在將就交易的最終協議進行談判(”最終協議").

Iconic Minerals Ltd CEO, Richard Kern, comments: "We look forward to working with our new joint venture partner to explore this very attractive Lithium project."

ICON Minerals Ltd首席執行官理查德·科恩評論道:我們期待着與我們的新合資夥伴合作,共同探索這一極具吸引力的鋰項目。

Earn-In Terms

按收入計算

LON can exercise the Option by making cash earn-in payments to Iconic in the aggregate amount of USD $5,600,000 (the "Earn-In Payments") of which Iconic has received a non refundable deposit of USD $200,000 which will be credited against the first Earn-In Payment. The Earn-In Payments will be used to fund work programs on the Project during the term of the Option and will be payable as follows:

Lon可以通過向ICIONIC支付總額為5,600,000美元的現金收入付款來行使選擇權(入賬付款“)其中,ICIONIC收到了一筆20萬美元的不可退還的押金,這筆押金將從第一筆賺取的款項中扣除。賺取的款項將用於在期權期限內為項目的工作計劃提供資金,並將按如下方式支付:

Date Earn-In Payments (USD)
On or before December 19, 2022 or as agreed by the parties $1,750,000
On or before May 31, 2023 or as agreed by the parties $1,250,000
On or before June 30, 2023 or as agreed by the parties $1,500,000
On or before September 30, 2023 or as agreed by the parties $1,100,000
TOTAL: $5,600,000
日期 收入付款(美元)
在2022年12月19日或之前或經雙方商定 $1,750,000
在2023年5月31日或之前或經雙方商定 $1,250,000
在2023年6月30日或之前或經雙方商定 $1,500,000
在2023年9月30日或之前或經雙方商定 $1,100,000
共計: $5,600,000

Upon the completion of all Earn-In Payments, LON will have earned a 50% interest in the Project (subject to the existing net smelter returns royalty on the Project) and Iconic and LON will be deemed to have formed a joint venture (the "Joint Venture") for the purpose of exploring, developing and, if warranted, commercialization of the Project, in respect of which the initial participating interests of the parties will be, Iconic as to 50% and LON as to 50%.

在完成所有收入付款後,LON將獲得項目50%的權益(取決於項目現有的冶煉廠淨收益特許權使用費),且ICICIC和LON將被視為已成立合資企業(合資企業“)用於探索、開發和(如有必要)將項目商業化,各方的初始參與權益將是標誌性的50%和LON的50%。

If and when the parties form the Joint Venture, the provisions of the agreement governing the Joint Venture will be negotiated and settled by the parties and will provide, among other things, that if the participating interest of either party falls to 10% or less, the participating interest of such party in the Project will be converted to a 1% net smelter returns royalty, 100% of which can be purchased by the royalty payor for USD $1,000,000 at any time.

若雙方組成合營企業,則協議中有關合營企業的條款將由訂約方協商解決,並將規定(其中包括)如果任何一方的參與權益降至10%或以下,則該參與方在項目中的參與權益將轉換為1%的冶煉廠淨收益特許權使用費,其中100%可由特許權使用費支付人隨時以1,000,000美元購買。

Until the earlier of (i) the entering into of the Definitive Agreement or termination of the Term Sheet, and (ii) the formation of the Joint Venture, Iconic Subco (or its nominee) will be the operator of the Project. The Definitive Agreement will contain representations, warranties, covenants and conditions as are customary for a transaction of this nature, as well as the conditions and principles upon which the Joint Venture will be based. Completion of the Transaction will be subject to the satisfaction of various conditions precedent, including completion of due diligence and the receipt of all necessary regulatory approvals, authorizations and consents. All Earn-In Payments to be made by LON are at the discretion of LON, and LON has the ability to terminate the Term Sheet on 90 days' prior written notice to Iconic.

在(I)簽訂最終協議或終止條款説明書和(Ii)合資企業成立之前,標誌性的Subco(或其被指定人)將成為項目的運營者。最終協議將包含此類交易的慣例陳述、擔保、契諾和條件,以及合資企業所依據的條件和原則。交易的完成將取決於滿足各種先決條件,包括完成盡職調查和收到所有必要的監管批准、授權和同意。LON將支付的所有收入付款由LON自行決定,LON有權在提前90天書面通知ICICON後終止條款説明書。

About the Smith Creek Project

關於Smith Creek項目

The Smith Creek Project is located within Smith Creek Valley in Nevada, which is approximately 60 km (37 miles) long and 16 km (10 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Surface sampling around hot springs on patented ground just off the claim block assayed a maximum of 470 ppm Li. The gravity low within the valley is 16 km (10 miles) long, and the current estimates of depth to basement rocks range from 1,300 to 1,500 meters (4,200 to 5,000 feet). The current claim block covers an area of 46 km2 (17.8 mi2) with potential for brine systems and further sediment resources.

Smith Creek項目位於內華達州的Smith Creek山谷內,該山谷長約60公里(37英里),寬16公里(10英里)。富含石英的火山凝灰巖含有異常數量的鋰,產于山谷內和附近。在離索賠區塊不遠的專利場地上,温泉周圍的地表採樣檢測到最高含量為470ppm的Li。山谷內的重力低有16公里(10英里)長,目前對基底巖石深度的估計從1300米到1500米(4200英尺到5000英尺)。目前的索賠區塊面積為46平方公里(17.8英里)2)具有開發滷水系統和更多沉積物資源的潛力。

Qualified Person

有資格的人

Richard Kern, Certified Professional Geologist, a qualified person as defined by NI 43-101, has reviewed and approved the scientific and technical information contained in this news release. Mr. Kern is not independent of the Company as he is the Chief Executive Officer of the Company.

註冊專業地質學家理查德·科恩是NI 43-101定義的合格人員,他已經審查並批准了本新聞稿中包含的科學和技術信息。科恩先生並非獨立於本公司,因為他是本公司的首席執行官。

On behalf of the Board of Directors

我謹代表董事會

SIGNED: "Richard Kern"

簽署人:《理查德·科恩》

Richard Kern, President and CEO

理查德·克恩、總裁和首席執行官

For further information on Iconic, please visit our website at , or contact: Keturah Nathe, VP Corporate Development (604) 336-8614.

欲瞭解有關ICICON的更多信息,請訪問我們的網站,或聯繫:公司發展副總裁凱圖拉·納特,電話:(604)336-8614。

The Company's public documents may be accessed at .

本公司的公開文件可在以下網址獲取。

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.

多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

Cautionary Note Regarding Forward-Looking Statements

有關前瞻性陳述的注意事項

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the entering into of the Definitive Agreement, the exercise of the Option by LON, the formation of the Joint Venture, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "will", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that it will obtain TSX Venture Exchange acceptance, if applicable, that market fundamentals will result in sustained lithium demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Project in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Project, and the Company's ability to comply with environmental, health and safety laws.

本新聞稿包含適用於加拿大和美國證券法的前瞻性陳述和前瞻性信息(統稱為“前瞻性陳述”)。本文中包含的除歷史事實陳述外的所有陳述,包括但不限於有關訂立最終協議、LON行使選擇權、組建合資企業以及公司未來活動的預期業務計劃和時間的陳述,均為前瞻性陳述。儘管該公司相信這樣的陳述是合理的,但它不能保證這種預期將被證明是正確的。前瞻性信息通常但不總是可以用諸如“形式”、“計劃”、“預期”、“可能”、“將”、“應該”、“預算”、“預定”、“估計”、“預測”、“打算”、“預期”、“相信”、“潛在”等詞語或這些詞語的變體,包括其負面變化,以及提及可能、可能、將、可能或將發生或將發生或將採取或實現的某些行動、事件或結果的短語來確定。在做出本新聞稿中的前瞻性陳述時,公司應用了幾個重大假設,包括但不限於,它將獲得多倫多證券交易所創業板市場的認可(如果適用),市場基本面將導致持續的鋰需求和價格,及時獲得與項目未來發展相關的任何必要的許可證、許可證和監管批准,項目開發、建設和持續運營的適當條款融資的可用性,以及公司遵守環境、健康和安全法律的能力。

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 differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Project, estimation or realization of mineral reserves and mineral resources, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX Venture Exchange acceptance, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks relating to epidemics or pandemics such as COVID 19, including the impact of COVID 19 on the Company's business, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at .

前瞻性陳述涉及已知和未知的風險、不確定因素和其他因素,這些風險、不確定性和其他因素可能導致公司的實際結果、業績或成就與前瞻性信息明示或暗示的任何未來結果、業績或成就大不相同。這些風險和其他因素包括,除其他外,與該項目的礦產勘探和開發活動有關的經營和技術困難、對礦產儲量和礦產資源的估計或變現、對額外資本的要求、貴金屬和銅的未來價格、一般經濟條件的變化、金融市場以及商品需求和市場價格的變化、礦石品位或回收率的可能變化、工廠、設備或流程可能無法按預期運行、事故、勞資糾紛和採礦業的其他風險。本公司延遲或無法獲得所需的任何必要許可、同意或授權,包括多倫多證券交易所創業板接受、融資或其他計劃活動、影響採礦作業的法律、法規和政策的變化、貨幣波動、所有權糾紛或對保險範圍的索賠限制以及未決訴訟的時間和可能的結果、環境問題和責任、與流行病或流行病有關的風險,如COVID 19,包括COVID 19對公司業務的影響、與合資經營相關的風險以及與收購整合相關的風險。以及在本公司最新的管理層討論和分析以及本公司提交給加拿大證券當局的其他文件中“風險因素”項下討論的因素,這些文件的副本可在SEDAR網站上的公司簡介下找到。

Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

告誡讀者不要過度依賴前瞻性陳述。除法律另有要求外,本公司不承擔更新本新聞稿中的任何前瞻性信息或通過引用將其納入本文的義務。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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