Buyer Group International, Inc. Announces its End of Season Summary and Initial Goals for the Shambhala Platinum Project in 2023
Buyer Group International (OTC PINK: BYRG) released its 2022 year-end summary, highlighting significant progress and goals for 2023. Key achievements include a successful capital raise, high-grade mineral intercepts at the Shambhala project, and installation of year-round security at the mine. The company maintained a favorable .014 debt to asset ratio. Plans for 2023 include a targeted 268-acre expansion and ongoing discussions for long-term funding to maximize project potential. CEO David A. Bryant expressed optimism for continued progress in the upcoming mining season.
- Successful capital raise for 2022 objectives.
- High-grade XRF intercepts of Platinum, Palladium, and Rhodium from Shambhala #71.
- Installation of year-round security at Shambhala #71 mine.
- Maintained a .014 debt to asset ratio.
- None.
SHERIDAN, Wyo., Dec. 21, 2022 (GLOBE NEWSWIRE) -- Buyer Group International, Inc. (OTC PINK:BYRG) is pleased to share an end of season summary of progress made in 2022 along with goals heading into the 2023 mining season.
Highlights:
- Successful Capital Raise for the 2022 Mining Season Objectives. Link
- High grade XRF intercepts of Platinum, Palladium, and Rhodium from Shambhala #71. Link
- Installation of Year Round Security at Shambhala #71 mine. Link
- Successful Ground Penetrating Radar Testing Locating original New Rambler Workings. Link
- Maintained a .014 Debt to Asset Ratio. Link
- New Corporate Website. Link
With the year coming to an end, Buyer Group Chief Executive Officer David A. Bryant commented: “We head into 2023 with great enthusiasm and determination to see Shambhala advance to the next level. Seeing the current and recent economic environment our team is very pleased with the decision to keep our expenses minimal during the 2022 season. We achieved our goals this season to perfection by advancing our knowledge, confirming mineralization, and securing our main asset all while keeping costs very low. This is setting BYRG up to have a record year of progress in 2023.”
For 2023 Buyer Group International, Inc. is kicking the year off with a targeted expansion program. Buyer Group has already submitted the necessary documentation to both the BLM and County Recorder to begin the processing of a 268 acre expansion. Upon confirmation of ownership (approximately 90 days) BYRG will do an in-depth press release on the reasoning behind this key expansion. In addition to this Buyer Group continues positive dialogue with a well accredited Exploration Geologist to join the Shambhala Project for the 2023 season and onwards. BYRG also remains realistic on our need for long term funding to advance this project to its full potential. To accomplish this we continue positive dialogue with numerous family offices and institutions interested in shareholder friendly long term funding solutions. The intended goal would be to close on the necessary funding prior to the 2023 mining season. Buyer Group also hasn’t forgotten the other boxes that need to be checked off including Share Reductions, 3rd party assays, and the completed Finra ticker and name change to reflect our current business direction.
About Buyer Group International, Inc.
Buyer Group International, Inc. is targeting exploration at its flagship mining project Shambhala in Albany County, Wyoming. The Shambhala project consists of 71 lode claims in the historic New Rambler District. The district is located near the south edge of the Cheyenne Belt, a noted Greenstone Belt of the Medicine Bow mountains, which contains various concentrations of rare minerals.
To learn more about Buyer Group International, Inc. also visit:
Corporate Website: https://frontierplatinumgroup.com/
Corporate Twitter: https://twitter.com/buyergroupinc
Corporate Linkedin: https://www.linkedin.com/company/byrg/
Corporate Instagram: https://www.instagram.com/buyergroupinternationalinc/
Corporate YouTube: https://www.youtube.com/channel/UCO6kxAvpr7GwXmeOfYTGkVg
CONTACT:
Buyer Group International, Inc.
Phone: 214-810-1317
Email: byrg.group@gmail.com
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/BYRG/disclosure.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7f8d5908-c01f-49fe-90bf-749f0c2c4d1b
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