Elevation Gold Reports Claim by Royalty Holder
Elevation Gold Reports Claim by Royalty Holder
VANCOUVER, BC, April 12, 2024 /PRNewswire/ - On April 4, 2024, Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQB: EVGDF) (the "Company" or "Elevation Gold") announced that as a result of lower-than-expected production, the Company temporarily suspended its royalty/finder fee payments and silver stream delivery obligations to preserve sufficient liquidity for the continued operation of the Moss Mine, and that certain royalty holders had not consented to such suspension. The Company now further advises that Patriot Gold Corp. ("Patriot"), which holds a 3% net smelter returns royalty (the "NSR Royalty") on the Moss Mine, has filed a claim (the "Claim") in the Arizona State Superior Court (the "Court") for payment of amounts owning pursuant to the NSR Royalty. The Company continues to engage with Patriot in an effort to resolve the Claim without litigation.
不列颠哥伦比亚省温哥华，2024年4月12日 /PRNewswire/-2024年4月4日，Elevation Gold Mining Corporation（TSXV：ELVT）（OTCQB：EVGDF）（“公司” 或 “Elevation Gold”）宣布，由于产量低于预期，该公司暂时暂停了特许权使用费/探索费和银流交付义务，以保留足够的流动性来维持莫斯矿的持续运营等特许权使用费持有人不同意这种暂停。该公司现在进一步表示，持有莫斯矿3％的净冶炼厂特许权使用费（“NSR特许权使用费”）的爱国者黄金公司（“爱国者”）已向亚利桑那州高等法院（“法院”）提出索赔（“索赔”），要求支付根据NSR特许权使用费所拥有的款项。公司继续与爱国者合作，努力在不提起诉讼的情况下解决索赔。
The Company will provide further updates on this matter in due course.
公司将在适当时候提供有关此事的进一步最新情况。
ON BEHALF OF THE BOARD OF ELEVATION GOLD MINING CORPORATION
代表 ELEVATION GOLD MINING CORPORATION 董事会
"Tim J. Swendseid"
“Tim J. Swendseid”
Tim J. Swendseid, CEO of Elevation Gold Mining Corporation
Elevation Gold Mining Corporation 首席执行官 Tim J
Elevation Gold is a publicly listed gold and silver producer, engaged in the acquisition, exploration, development and operation of mineral properties located in the United States. Elevation Gold's common shares are listed on the TSX Venture Exchange ("TSXV") in Canada under the ticker symbol ELVT and on the OTCQB in the United States under the ticker symbol EVGDF. The Company's principal operation is its 100% owned Moss Mine in the Mohave County of Arizona. Elevation also holds the title to the Hercules exploration property, located in Lyon County, Nevada.
Elevation Gold是一家上市的黄金和白银生产商，从事位于美国的矿产的收购、勘探、开发和运营。Elevation Gold的普通股在加拿大多伦多证券交易所风险交易所（“TSXV”）上市，股票代码为ELVT，并在美国的OTCQB上市，股票代码为EVGDF。该公司的主要业务是其位于亚利桑那州莫哈维县的 100% 控股的莫斯矿。Elevation 还拥有位于内华达州里昂县的 Hercules 勘探地产的所有权。
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.
多伦多证券交易所风险投资交易所及其监管服务提供商（该术语在多伦多证券交易所风险投资交易所的政策中定义）均不对本新闻稿的充分性或准确性承担责任。
This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning negotiations regarding the Claim, and the potential further advancement of the Claim. Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the ability of the Company to reach a negotiated settlement regarding the subject matter of the Claim, and the results of any potential litigation relating to the Claim.
本新闻稿包含适用证券法所指的前瞻性声明。使用 “预测”、“计划”、“继续”、“期望”、“估计”、“目标”、“可能”、“将”、“项目”、“应该”、“预测”、“潜力” 等词语中的任何词语都是为了识别前瞻性陈述。特别是，本新闻稿包含有关索赔谈判的前瞻性声明，以及索赔可能的进一步进展。尽管公司认为前瞻性陈述所依据的预期和假设是合理的，但不应过分依赖前瞻性陈述，因为公司无法保证这些陈述会被证明是正确的。由于前瞻性陈述涉及未来的事件和状况，因此它们涉及固有的假设、风险和不确定性。由于许多假设、因素和风险，实际结果可能与目前的预期有重大差异。这些假设和风险包括但不限于与公司就索赔标的达成谈判和解的能力相关的假设和风险，以及与索赔有关的任何潜在诉讼的结果。
Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance 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 benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.
管理层在本新闻稿中提供了上述与前瞻性陈述相关的风险和假设摘要，以便读者更全面地了解公司的未来运营。公司的实际业绩、业绩或成就可能与这些前瞻性陈述所表达或暗示的业绩、业绩或成就存在重大差异，因此，无法保证前瞻性陈述所预期的任何事件会发生或发生，也无法保证其中任何事件会给公司带来什么好处。这些前瞻性声明自本新闻稿发布之日起作出，除适用的证券法要求外，公司不承担任何公开更新任何前瞻性陈述的意图或义务，无论是由于新信息、未来事件或业绩还是其他原因。
SOURCE Elevation Gold Mining Corp.
来源 Elevation 金矿公司
译文内容由第三方软件翻译。