Rover Provides Permitting Update on Let's Go Lithium Project, NV, USA
Rover Critical Minerals Corp. provides an update on its Let's Go Lithium project in Amargosa Valley, NV, USA. The company has commenced environmental baseline surveys and continues with the NEPA permitting process. The CEO and President express satisfaction with the progress made and emphasize the environmentally sensitive approach taken by the company. Additionally, the company will issue 150,000 common shares to its President for services rendered.
Rover Critical Minerals Corp. is making progress with the NEPA permitting process for its Let's Go Lithium project, showcasing a commitment to environmental stewardship.
The company's CEO and President express confidence and satisfaction with the ongoing work at the project site, suggesting a positive outlook for exploration drilling in the area.
The issuance of 150,000 common shares to the President for services rendered might dilute the existing shareholders' equity.
The issuance of common shares for services rendered at a deemed price per share of $0.05 may raise concerns regarding the valuation of the services provided.
VANCOUVER, BC / ACCESSWIRE / May 13, 2024 / Rover Critical Minerals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) ("Rover" or the "Company") is pleased to announce that environmental baseline surveys at its Let's Go Lithium ("LGL") project, Amargosa Valley, NV, USA, commenced in March, and continue through to the date hereof.
Judson Culter, CEO at Rover, states: "We continue to work through the NEPA permitting process for the LGL project. Our valued partners at the UES, Reno office, have been out in the field doing the work needed to move the project to the next level. Management is satisfied with the fieldwork to date and feel confident that exploration drilling can be achieved in the area, with less than five acres of planned disturbance."
Paddy Moylan, Rover's President comments: "It is exciting to see the progress made. We look forward to further news flow as the work continues. We are a company that will always ensure that our work is conducted in an environmentally sensitive and aware way. Our partners are presently ensuring that is reflected in our permitting plans."
President's Compensation
Further to its news release of March 6, 2024, the Company will issue 150,000 common shares to its President, Paddy Moylan, for services rendered from February 1, 2024, through to April 30, 2024. The common shares have been issued with a deemed price per share of
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company is focussed on the permitting and exploration of a claystone lithium project in the Amargosa Valley of Nevada, USA.
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Website: https://www.rovercriticalminerals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
"Judson Culter"
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Rover's actual results, performance, achievements, or developments in the industry to differ materially from the anticipated results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover's expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
SOURCE: Rover Critical Minerals Corp.
View the original press release on accesswire.com
FAQ
What project is Rover providing an update on?
When did the environmental baseline surveys commence?
Who will receive 150,000 common shares for services rendered?
What is the deemed price per share for the common shares issued to the President?
