The proceeds of the placement will be used for general working capital purposes. In connection with completion of the placement, the Company may pay finders' fees to eligible parties that assisted in introducing subscribers to the Company. All securities to be issued in connection with the placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of the placement remains subject to approval of the
Freeport's principal asset is its 100% owned, Yandera copper project located in PNG. The Project was previously held by the
Recent advances in new copper catalyst technologies have opened an entirely new, low-cost processing route which could potentially be applied to Yandera and other large yet lower grade sulphide copper deposits. These technologies, which allow for the treatment of lower grade sulphide ores as oxides via a standard SX/EW circuit, are currently employed and being tested at various copper projects in both
Please refer to the links below:
Jetti Resources
www.jettiresources.com
Rio Tinto's
https://im-mining.com/2022/10/14/rio-tintos-nuton-ready-to-leverage-its-leaching-rd-legacy
Please visit www.freeportresources.com or contact the email address below for more information.
Dr.
On behalf of the Board,
(236) 334-1660 or gord@freeportresources.com
Neither the
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to completion of the Consolidation, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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