(TheNewswire)
Calgary, Alberta – TheNewswire - January 3, 2024 . Guardian ExplorationInc. (TSXV:GX) (OTCQB:GXUSF) (Frankfurt: R6B) (“ Guardian ”) announces that it has confirmedattendance and secured booth space at the Future Minerals Forum(“FMF”) at King Abdulaziz International Conference Center, Riyadh,Saudia Arabia from January 9 to 11, 2024.
“The Future Minerals Forum is an essential eventfocusing on mining in the Middle East and is particularly relevant forGuardian's planned expansion into Saudi Arabia through our proposedtransaction with Site Exploration MiningCompany ,” says Graydon Kowal, President andCEO of Guardian. “We are excited to be attending this event in ajurisdiction that encourages sustainable miningdevelopment and foreign investment.”
Site Exploration Mining Company (“ SEMC”), a Saudi Arabian mining company, holds mineralexploration licenses for five prospects covering 328 square kilometresand rights to an additional 30 mineral prospects covering anadditional 2,909 square kilometres in various stages of licenceapplication and approval. These license areas are predominantlyprospective for gold, base and battery metals. Guardian’s proposedtransaction with SEMC is subject to the approval of the TSX VentureExchange and was disclosed in Guardian’s press release datedDecember 5, 2023.
“The transaction with SEMC would be a significantopportunity for us,” adds Kowal. “We expect to establish newindustry relationships and continue to develop important existingrelationships at the FMF. Immediately after the conference, we willcommence our on-the-ground due diligence on the SEMC properties.”
About Guardian ExplorationInc.
Guardian is a TSXV listed company (TSXV:GX)(OTCQB:GXUSF) (Frankfurt: R6B) in the business of oil and gas as wellas mineral exploration and development. Guardian’s first prospectis the Mount Cameron Property located in the Yukon’s Mayo MiningDistrict. Guardian also holds mineral claims located on southernDall Island, Southeast Alaska, USA, known as the Kaigani claims, whichit acquired in February 2022.
On December 5, 2023, Guardian entered a non-bindingletter of intent to acquire all of the shares of SEMC, a Saudi Arabianmining company, from its shareholders. The proposed transaction issubject to a number of conditions including the satisfactorycompletion of Guardian’s due diligence and financing raised byGuardian of at least $500,000. The LOI will terminate on March 30,2024 unless extended by the parties by mutual consent. The originalpress release incorrectly stated that the LOI would terminate on March30, 2023.
About Future MineralsForum Conference
Convened by Saudi Arabia, the Future Minerals Forum (“FMF”) is aplatform designed to enable the creation of resilient mineral valuechains in the vast resource-rich super region of Africa, Western andCentral Asia. Saudi Arabia has all the right ingredients to become aworld-class minerals value chain hub for the region. Strategicallylocated at the nexus of Asia, Africa and Europe, with well-developedinfrastructure and high domestic demand, the Kingdom has the visionand commitment to develop its mining sectorand offers a well-developed economy with high levels of growth andsecurity. Comprising three main components, the MinisterialRoundtable, Conference, and International Exhibition, the FutureMinerals Forum serves as a platform where government ministers, globalmining CEOs and stakeholders from the region and all over the worldcan come together and turn talk into action. The inaugural FMF washeld in January 2022, attracting more than 140 senior speakers fromall over the world. In 2023, FMF attracted 249 speakers who delveddeeper into the key issues facing the region and its minerals sectorand identified areas for action. The second Ministerial Roundtabletook place in advance of the FMF 2023 edition and brought togethermore than 60 government ministers and delegations along with over 20international organizations. This meeting marked the largest-evergathering of its kind aimed at envisioning sustainable mineral valuesupply chains for the future.
FOR FURTHER INFORMATION, PLEASECONTACT:
Graydon Kowal
President and CEO
(403) 730-6333
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKINGINFORMATION: This news release includes certain “forward-lookingstatements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to,statements with respect to the possible approval of the TSX VentureExchange for the transaction, the completion of financing, theapproval or rejection of licenses and prospects and the payment ofContingent Consideration. Forward-looking statements are necessarilybased upon a number of estimates and assumptions that, whileconsidered reasonable, are subject to known and unknown risks,uncertainties, and other factors which may cause the actual resultsand future events to differ materially from those expressed or impliedby such forward-looking statements. Such factors include but are notlimited to: operational matters, historical trends, current conditionsand expected future developments, access to financing as well as otherconsiderations that are believed to be appropriate in thecircumstances. There can be no assurance that such statements willprove to be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update orrevise any forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bylaw.
Copyright (c) 2024 TheNewswire - All rights reserved.