Altiplano Metals Announces Change in Financial Year End

Rhea-AI Summary

Altiplano Metals Inc. (TSXV: APN) announces a change in its financial year-end from December 31 to March 31, aiming for better audit efficiency and alignment with industry peers. The company will report audited financial results for a 15-month transition year and revert to a March 31 year-end afterward.

Edmonton, Alberta--(Newsfile Corp. - February 16, 2024) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") wishes to announce that it is changing its financial year-end to March 31 from its current year-end of December 31.

As a result, the Corporation will file an additional interim report as of December 31, 2023, and will report audited financial results for a 15-month transition year from January 31, 2023, to March 31, 2024 (with a comparative of the 12 months ended December 31, 2022). Afterwards, the Corporation will revert to a customary reporting calendar based on a March 31 year-end, with fiscal quarters ending on the last day of June, September and December and March each year.

The Company believes this change of financial year-end will allow it to complete its audit requirements with greater efficiency and will better align the Corporation's financial reporting periods to that of its peer group in the mineral resources sector, which will allow investors to better compare quarterly and annual financial results. The notice for the change in financial year-end required under National Instrument 51-102 - Continuous Disclosure Obligations will be filed under the Corporation's SEDAR profile at www.sedarplus.ca.

About Altiplano

Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine and a state-of-the-art operating copper/gold and iron processing facility in the final stages of completion. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the TSX.V under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.

ON BEHALF OF THE BOARD

/s/ "John Williamson"
Chairman

For further information, please contact:
Alastair McIntyre, CEO
alastairm@apnmetals.com
Tel: (416) 434 3799

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. The Farellon mine was previously in production dating back to the 1970's with a reported historical production (to a depth of 70 m) yielding approximately 300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling and related activities and current diamond drilling to estimate grade and widths of the mineralization to reactivate production. The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any production decision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198311

FAQ

Why is Altiplano Metals changing its financial year-end from December 31 to March 31?

Altiplano Metals is changing its financial year-end to March 31 to improve audit efficiency and align its financial reporting periods with industry peers in the mineral resources sector.

What will be the duration of the transition year for Altiplano Metals after changing its financial year-end?

After changing its financial year-end, Altiplano Metals will report audited financial results for a 15-month transition year from January 31, 2023, to March 31, 2024.

Where can investors find the notice for the change in financial year-end by Altiplano Metals?

Investors can find the notice for the change in financial year-end by Altiplano Metals under the Corporation's SEDAR profile at www.sedarplus.ca.