Midnight Sun And KoBold Amend Longstop Date
Midnight Sun Mining Corp. (OTC Pink: MDNGF) and KoBold Metals Company have agreed to amend the longstop date of their previously announced earn-in agreement to December 20, 2024. This extension aims to allow both parties to collaboratively complete the final condition precedent. The companies anticipate meeting this condition ahead of the new deadline.
Midnight Sun Mining Corp. (OTC Pink: MDNGF) e KoBold Metals Company hanno concordato di modificare la data di conclusione del loro precedente accordo di earn-in al 20 dicembre 2024. Questa estensione ha lo scopo di consentire a entrambe le parti di completare collaborativamente la condizione finale necessaria. Le aziende si aspettano di soddisfare questa condizione prima della nuova scadenza.
Midnight Sun Mining Corp. (OTC Pink: MDNGF) y KoBold Metals Company han acordado modificar la fecha límite de su acuerdo de earn-in previamente anunciado al 20 de diciembre de 2024. Esta extensión tiene como objetivo permitir que ambas partes completen colaborativamente la condición previa final. Las empresas anticipan cumplir con esta condición antes de la nueva fecha límite.
미드나잇 선 마이닝 Corp. (OTC Pink: MDNGF)와 코볼드 메탈스 컴퍼니는 이전에 발표된 수익 공유 계약의 최종 마감일을 2024년 12월 20일로 수정하기로 합의했습니다. 이 연장은 두 당사자가 최종 필수 조건을 협력하여 완료할 수 있도록 하기 위함입니다. 두 회사는 새로운 마감일 이전에 이 조건을 충족할 것으로 예상하고 있습니다.
Midnight Sun Mining Corp. (OTC Pink: MDNGF) et KoBold Metals Company ont convenu de modifier la date limite de leur accord de gain annoncé précédemment au 20 décembre 2024. Cette extension vise à permettre aux deux parties de remplir conjointement la condition préalable finale. Les entreprises s'attendent à répondre à cette condition avant la nouvelle date limite.
Midnight Sun Mining Corp. (OTC Pink: MDNGF) und KoBold Metals Company haben vereinbart, das Enddatum ihres zuvor angekündigten Earn-In-Agreements auf den 20. Dezember 2024 zu ändern. Diese Verlängerung zielt darauf ab, beiden Parteien zu ermöglichen, die letzte Voraussetzung gemeinsam zu erfüllen. Die Unternehmen erwarten, diese Bedingung vor der neuen Frist zu erfüllen.
- The extension provides additional time to meet the final condition precedent, reducing the risk of non-compliance.
- The need for an extension may indicate delays or complications in meeting the original terms of the agreement.
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") announces that they have mutually agreed with KoBold Metals Company ("KoBold") to amend the longstop date of the previously announced earn-in agreement (see news release dated February 20th, 2024) to December 20, 2024. Midnight Sun and KoBold are working collaboratively to complete the final condition precedent and anticipate this to be completed ahead of the amended longstop date.
About Midnight Sun
Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun intends to find and develop Zambia's next generational copper deposit.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Al Fabbro
President & CEO
For Further Information Contact:
Adrian O'Brien
Director of Marketing and Communications
Tel: +1 604 809 6890
Em: adrian@midnightsunmining.com
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 NEWS RELEASE.
This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions and projections as at the date of this news release. The information in this news release about the resolution of mineral exploration licence renewals, timing and ability of the Company to obtain the approval of relevant regulatory bodies, if at all; and any other information herein that is not a historical fact may be "forward looking statements". Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements.
Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers 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. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232075
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