Barksdale Receives Positive Ninth Circuit Legal Decision
Barksdale Resources announced that the U.S. Court of Appeals for the Ninth Circuit upheld a District Court decision denying a preliminary injunction that would have halted drilling at their Sunnyside Project in Arizona. This decision confirms the thorough permitting process for the project. President and CEO Rick Trotman praised the legal team and noted that the challenge continues in district court, with a final decision expected by year-end 2024. Barksdale, recognized as a 2023 OTCQX BEST 50 Company, focuses on base metal exploration in North America, including projects in Arizona and Mexico.
- Ninth Circuit upheld District Court decision, allowing Sunnyside Project drilling to proceed.
- Affirmation of the robust permitting process for the Sunnyside Project.
- Expectation of a final court decision by the end of 2024.
- Recognition as a 2023 OTCQX BEST 50 Company.
- Legal challenges to the Sunnyside Project continue in district court.
- Final resolution of the legal dispute is still pending, adding uncertainty.
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2024) - Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") is pleased to announce that the United States Court of Appeals for the Ninth Circuit ("Ninth Circuit") has affirmed the decision by the United States District Court for the District of Arizona ("District Court") denying the plaintiffs' motion for a preliminary injunction to prevent drilling at the Company's Sunnyside Project in Arizona.
Rick Trotman, President and CEO of Barksdale, comments, "The Ninth Circuit's decision is great news for our company and reaffirms the robust and comprehensive process that was undertaken while permitting our drilling programs at Sunnyside. Our legal team has done a stellar job and will continue defending against the plaintiffs' challenge to the Sunnyside Project in the district court. Based on the current court-approved timeline, briefing on cross motions for summary judgment will conclude by October and we hope for a final decision before the end of 2024."
Background information on the legal proceedings can be reviewed in Barksdale's press releases of June 21, 2023, July 10, 2023, and September 6, 2023.
Barksdale Resources Corp., a 2023 OTCQX BEST 50 Company, is a base metal exploration company headquartered in Vancouver, B.C., that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.
ON BEHALF OF BARKSDALE RESOURCES CORP
Rick Trotman
President, CEO and Director
Rick@barksdaleresources.com
Terri Anne Welyki
Vice President of Communications
778-238-2333
TerriAnne@barksdaleresources.com
For more information please phone 778-558-7145, email info@barksdaleresources.com or visit www.BarksdaleResources.com.
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the conclusion of legal decisions and the results and timing thereof. These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current understanding of the legal matter disclosed herein. The assumptions underlying the forward-looking statements are based on information currently available to Barksdale. Although the forward-looking statements contained in this news release are based upon what management of Barksdale believes, or believed at the time, to be reasonable assumptions, Barksdale cannot assure its shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking information also involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the Company's ability to obtain a final favourable outcome with respect to the legal matter disclosed herein. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209610
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