International Zeolite Enters an Amended and Restated Mining Operations and Option Agreement
International Zeolite Enters an Amended and Restated Mining Operations and Option Agreement
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2024) - International Zeolite Corp. (TSXV: IZ) (OTC Pink: IZCFF) (FSE: ZEON) (the "Company"), is pleased to announce the Company and Progressive Planet (PP) have entered into a new Amended and Restated Mining Operations and Option Agreement. PP is currently making payments of $31,000 per quarter to increase its Bromley Creek Zeolite Mine ownership. The new Agreements involves PP making two final quarterly payments. Relatedly, International Zeolite and PP have agreed to terminate their option agreement for the Sun Group Zeolite Mineral Claims. PP's existing 2.5% ownership in the Sun Group will be converted to an incremental 2.5% ownership in Bromley Creek. After making the two final quarterly payments required on the Bromley Creek Mine and the transfer of the 2.5%, PP will have a stake of 31% of the Bromley Creek Mine. Progressive Planet will remain the operator of the Bromley Creek Mine.
溫哥華，英屬哥倫比亞省—（新聞稿 - 2024年6月3日） - 國際沸石公司.（tsxv: IZ）（ OTC Pink: IZCFF）（ FSE: ZEON ） （以下簡稱“公司”）很高興宣佈公司和Progressive Planet（PP）已經簽署了一份新的修訂挖掘運營和選項協議。 PP目前每季度支付31,000美元的費用以增加其Bromley Creek沸石礦業的所有權。新協議包括PP支付兩個季度的最後付款。相關地，國際沸石和PP已經同意終止其在Sun Group沸石礦產權的選項協議。 PP在Sun Group的現有2.5％所有權將轉換爲Bromley Creek新增2.5％的所有權。在支付Bromley Creek礦井的兩個最終季度的款項和2.5％的轉讓之後，PP將擁有Bromley Creek礦井31％的股份。Progressive Planet將繼續作爲Bromley Creek礦井的運營商。
"Bromley Creek Mine is a superb zeolite source, and we have no intention of selling or reducing our current 31% interest," said Steve Harpur, CEO PP. Under the terms of the amended agreement International Zeolite and PP have agreed to meet regularly to determine sales strategy and identify potential customers.
“ Bromley Creek Mine是一種絕佳的沸石來源，我們沒有出售或減少當前的31％股權的意圖，” Steve Harpur首席執行官PP說。 根據修訂協議的條款，國際沸石和PP已經同意定期會面，以確定銷售策略並確定潛在客戶。
Ray Paquette, CEO International Zeolite states, "resuming a 100% ownership in the Company's Sun Group Mineral Claims represents a tremendous opportunity for future development."
Ray Paquette，國際沸石首席執行官表示：“恢復公司Sun Group礦權的100％所有權，代表了未來發展的巨大機會。”
About International Zeolite Corp.
關於國際沸石公司。
International Zeolite Corp. is committed to creating sustainable solutions for agriculture, industry, and consumers.
國際沸石公司致力於爲農業，工業和消費者創造可持續解決方案。
On Behalf of the Board
"Ray Paquette"
CEO
604.684.3301
董事會代表
“Ray Paquette”
首席執行官
604.684.3301
For further information, please visit
For Investor Inquiries info@internationalzeolite.com
有關更多信息，請訪問
有關投資者查詢，請發送電子郵件至info@internationalzeolite.com
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. International Zeolite does not assume the obligation to update any forward-looking statement. Neither 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.
本新聞稿中的某些聲明包含前瞻性信息。這些聲明包括但不限於針對未來支出的聲明。這些聲明涉及未來事件和條件，因此涉及已知和未知的風險，不確定性和其他因素，這些因素可能導致實際結果，表現或成就與任何未來結果，表現或成就所表達或暗示的不同。此類因素包括但不限於完成計劃工作方案的能力以及支出的時間和金額。國際沸石不承擔任何更新前瞻性聲明的義務。. TSX創業公司交易所及其監管服務提供方（該術語定義在TSX創業公司政策中）不對此發佈的充分性或準確性承擔任何責任。
譯文內容由第三人軟體翻譯。