(TheNewswire)
Vancouver, Canada– TheNewswire - February 27, 2023 – ArborMetals Corp. ( “Arbor” or the “ Company ”)(TSXV:ABR ) , ( FWB:432) announces that it intends toseek shareholder approval at an upcoming annual general and specialmeeting (the “ Meeting ”) to change the name (the“ Name Change ”) of the Company to “Arbor Battery Metals Corp.” TheName Change is part of a larger corporate re-branding of the Companyplanned for the coming months intended to better align the name withcurrent initiatives being pursued by the Company.
The Company will provide further information regardingthe date of the Meeting, and the timeline for completion of there-branding, as it becomes available. Completion of the Name Changeremains subject to the receipt of applicable regulatoryapprovals.
The Company’s Jarnet Lithium Project covers multiplepegmatite dikes which the Company's geological team have identified assimilar to the pegmatite dikes on Patriot Battery Metals Inc’s(PMET) CV-5 target. The Jarnet Lithium Project, located in the JamesBay region of Quebec, comprises 70 map-designated claims, covering anarea of approximately 3,759 hectares. The Jarnet south claim block isless than two km northwest of PMET’s CV-5 pegmatite zone, where anaggressive diamond drill program is in process, having made a numberof significant discoveries. PMET recently reported 156.9 meters of2.12 per cent Li2O (lithium oxide), including 25 m of 5.04 per centLi2O (see PMET news release, January 19, 2023) from the CV-5 pegmatitezone on the Corvette-FCI property.
Note: Company management cautionsthe discoveries and observations on properties in proximity to thecompany's properties are not necessarily indicative of the presence ofsimilar mineralization or geology on the company's properties.
Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by NationalInstrument 43-101 and is responsible for, andhas approved, the technical information contained in thisrelease.
Arbor Metals Corp . is a mining exploration company specializing in thedevelopment of high-value, geographic significant mineral projectsaround the world. As industry leaders, we are paving the way foradvanced mineral exploration as we oversee world-class mining projects. We believe quality projects,combined with proven strategies and a professional team will deliversuperior results. We hold three exceptional mineral projects.
Jarnet Lithium Project , located in the James Bay Region of Quebec, which comprisesof 70 map designated claims, covering an area of approximately 3,759hectares. The Jarnet Project is contiguous to the Corvette-FCI Property, where diamond drilling has confirmedsignificant lithium mineralization.
For further information, contact Mark Ferguson, ChiefExecutive Officer, at info@arbormetals.com , or visit the Company’s website atwww.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
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 newsrelease, the words “anticipate”, “believe”, “estimate”,“expect”, “target, “plan”, “forecast”, “may”,“schedule” and similar words or expressions identifyforward-looking statements or information. These forward-lookingstatements or information may relate to the development of the JarnetLithium Project, the completion of the Name Change and corporatere-branding, and other factors or information. Such statementsrepresent the Company’s current views with respect to future eventsand are necessarily based upon a number of assumptions and estimatesthat, while considered reasonable by the Company, are inherentlysubject to significant business, economic, competitive, political andsocial risks, contingencies and uncertainties. Many factors, bothknown and unknown, could cause results, performance, or achievementsto be materially different from the results, performance orachievements that are or may be expressed or implied by suchforward-looking statements. The Company does not intend, and does notassume any obligation, to update these forward-looking statements orinformation to reflect changes in assumptions or changes incircumstances or any other events affecting such statements andinformation other than as required by applicable laws, rules andregulations.
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