(TheNewswire)
Vancouver, BC - TheNewswire- August20, 2023 - Arbor Metals Corp. (“ Arbor ” or the “ Company ”) (TSXV:ABR ) ( FWB:432) announces the creation of a dedicated department focused onfostering strategic alliances with the rapidly expanding electricvehicle (EV) industry in Canada. This initiative comes in response tothe growing significance of the EV sector, highlighted by recenthigh-profile investments such as the joint commitment by the federalgovernment of Canada and the Quebec government to fund Ford MotorCompany's new EV plant in Bécancour, Quebec. As reported by CBC Newson August 17th, 2023*, the government investment underscores Canada'scommitment to advancing the electric mobility revolution.
The collaboration between the federal and provincialgovernments, with a combined investment of $644 million, exemplifiesthe commitment to fortify Canada's role in the EV industry. The newFord plant in Bécancour, Quebec, is set to produce critical batterymaterials for electric vehicles, reaffirming Canada's emergence as aglobal leader in sustainable transportation.
"We're witnessing a transformative moment in theCanadian automotive landscape, with a strong focus on EV productionand the development of a robust supply chain," said MarkFerguson, President and CEO of Arbor . "Establishing ourStrategic Alliance Department underscores Arbors' dedication to beingat the forefront of this burgeoning industry."
Arbor recognizes the pivotal rolethat strategic alliances play in advancing the EV industry's growthand sustainability. The C ompany's newly formed department will work to forgepartnerships, collaborations, and joint ventures with key stakeholdersacross the EV value chain, including automakers, batterymanufacturers, and technology innovators.
"We are excited to embark on this journey ofcollaboration and innovation, leveraging our expertise in mineralresources to contribute to the broader EV ecosystem," addedFerguson. "As we align our efforts with the evolving needs of theEV industry, we remain committed to sustainable practices andresponsible development."
Arbor will actively seekopportunities to contribute its knowledge, resources, and capabilitiesto enhance Canada's position as a global hub for electric mobility.The C ompany's dedicationto sustainable exploration and responsible resource development alignswith the shared goals of environmental stewardship and technologicaladvancement within the EV industry.
Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by NationalInstrument 43-101 and is responsible for and hasapproved the technical information in this release.
* Source: CBC News (August 17,2023)
About Arbor Metals Corp.
Arbor Metals Corp. is a mining exploration company focused on developinghigh-value, geographically significant mineral projects worldwide. Arbor is paving the way foradvanced mineral exploration as it oversees world-class miningprojects. The Company is confident that combining quality projectswith proven strategies and a dedicated team will yield exceptionaloutcomes.
The Jarnet lithiumproject , located in the James Bay region ofQuebec, comprises 47 map-designated claims, covering an area ofapproximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamonddrilling has confirmed significant lithium mineralization representingone of the highest-profile lithium exploration projects in thesector.
For further information, contact Mark Ferguson, ChiefExecutive Officer, at info@arbormetals.com , or 403.852.4869, or visit the Company’swebsite at www.arbormetalscorp.com .
On behalf of the Board,
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws. When or if used in this news release, the words“anticipate”, “believe”, “estimate”, “expect”,“target, “plan”, “forecast”, “may”, “schedule” andsimilar words or expressions identify forward-looking statements orinformation. These forward-looking statements or information mayrelate to the development of the Jarnet Lithium Project, and otherfactors or information. Such statements represent the Company’scurrent views with respect to future events and are necessarily basedupon a number of assumptions and estimates that, while consideredreasonable by the Company, are inherently subject to significantbusiness, economic, competitive, political and social risks,contingencies and uncertainties. Many factors, both known and unknown,could cause results, performance, or achievements to be materiallydifferent from the results, performance or achievements that are ormay be expressed or implied by such forward-looking statements. TheCompany does not intend, and does not assume any obligation, to updatethese forward-looking statements or information to reflect changes inassumptions or changes in circumstances or any other events affectingsuch statements and information other than as required by applicablelaws, rules and regulations.
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