Azarga Metals Management Change

Rhea-AI Summary

Azarga Metals Corp. (TSXV:AZR) announces the resignation of Alexander Molyneux as a director, effective immediately. The Board expresses gratitude for his contributions since 2016. Azarga Metals, based in Vancouver, owns the Unkur Copper-Silver Project in eastern Russia and is pursuing acquisition of the Marg copper-rich VMS project in Central Yukon, with due diligence ongoing since July 14, 2021.

Positive

• Ongoing due diligence for the acquisition of the Marg copper-rich VMS project.
• Ownership of 100% of the Unkur Copper-Silver Project in a strategic region.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / September 17, 2021 / AZARGA METALS CORP. ("Azarga Metals" or the "Company") (TSXV:AZR) announces that Alexander Molyneux has resigned as a director, effective immediately. The Board wishes to thank Mr. Molyneux for his many valuable contributions to the Company during his tenure as a director since his appointment in 2016 and wishes him well in the future.

About Azarga Metals Corp.

Azarga Metals is a mineral exploration and development company that owns 100% of the Unkur Copper-Silver Project in the Zabaikalsky administrative region in eastern Russia. On 14 July 2021 the Company announced it had signed a term sheet to undertake due diligence and negotiate formal agreements to pursue an acquisition of the Marg copper-rich VMS project, located in Central Yukon. Due diligence continues.

AZARGA METALS CORP.

"Gordon Tainton"

Gordon Tainton,
President and CEO

For further information please contact: Doris Meyer, at +1 604 536-2711 ext. 6, visit www.azargametals.com. The address of the head office of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.

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.

Cautionary Statement:

This news release contains forward-looking statements that are based on the Corporation's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current planned exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in mineralization grade or recovery rates; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

SOURCE: Azarga Metals Corp.

View source version on accesswire.com:
https://www.accesswire.com/664624/Azarga-Metals-Management-Change

FAQ

What recent management change occurred at Azarga Metals Corp.?

Alexander Molyneux resigned as a director of Azarga Metals Corp. effective immediately.

What projects is Azarga Metals Corp. currently involved with?

Azarga Metals owns the Unkur Copper-Silver Project and is negotiating to acquire the Marg copper-rich VMS project.

When was the resignation of Alexander Molyneux announced?

The resignation was announced on September 17, 2021.

What is the stock symbol for Azarga Metals Corp.?

The stock symbol for Azarga Metals Corp. is AZR.