(TheNewswire)
Vancouver, British Columbia - TheNewswire - November 15, 2023 - Lexston Mining Corporation the “Company” ) (CSE:LEXT)(OTC:LEXTF) is pleased to announce t he Company is conducting diligence regarding exploration ofuranium resources within Canada and the UnitedStates .
Jag Bal, President and CEO of Lexston states, “Inrecent weeks the spot price of uranium has improved dramatically,providing impetus for the evaluation of a number of assets . W e remain steadfast in our commitmentto exploration, drilling, and value creation through advancing ourportfolio of properties. With a strong focus on exploration, we arewell-positioned to make significant strides in the months and yearsahead”.
No agreement in principle or otherwise has been enteredinto with any party and there is no assurance that the Company willacquire any uranium assets, directly or indirectly.
The Company is a Canadian mineral exploration company,focused on the acquisition and development of mineral projects, withthe objective to enhance value to all its stakeholders. The Companyhas a mineral exploration project in British Columbia, Canada.
On Behalf of the Board of Directors
LEXSTON MINING CORPORATION
Jagdip Bal
Chief Executive Officer
Telephone: (604) 928-8913
The Canadian Securities Exchange hasnot reviewed and does not accept responsibility for the adequacy oraccuracy of the content of this news release.
Forward-lookingstatements:
This news release contains"forward-looking information" under applicable Canadiansecurities legislation. Such forward-looking information reflectsmanagement's current beliefs and are based on a number of estimatesand/or assumptions made by and information currently available to theCompany that, while considered reasonable, are subject to known andunknown risks, uncertainties, and other factors that may cause theactual results and future events to differ materially from thoseexpressed or implied by such forward-looking information. Readers arecautioned that such forward-looking information are neither promisesnor guarantees and are subject to known and unknown risks anduncertainties including, but not limited to, general business,economic, competitive, political and social uncertainties, uncertainand volatile equity and capital markets, lack of available capital,actual results of exploration activities, environmental risks, futureprices of base and other metals, operating risks, accidents, labour issues, delays inobtaining governmental approvals and permits, and other risks in themining industry.
These statements include possibleacquisitions and exploration of uranium or other properties. Thesestatements reflect management's current estimates, beliefs, intentionsand expectations. They are not guarantees of future performance. TheCompany cautions that all forward-looking statements are inherentlyuncertain and that actual performance may be affected by many materialfactors, many of which are beyond their respective control. Suchfactors include, among other things: risks and uncertainties relatingto the receipt of approvals to proceed with and complete the listing,the market valuing the Company in a manner not anticipated bymanagement of the Company. Accordingly, actual and future events,conditions and results may differ materially from the estimates,beliefs, intentions and expectations expressed or implied in theforward-looking information. Except as required under applicablesecurities legislation, the Company does not undertake to publiclyupdate or revise forward-looking information.
The Company is presently anexploration stage company. Exploration is highly speculative innature, involves many risks, requires substantial expenditures, andmay not result in the discovery of mineral deposits that can be minedprofitably. Furthermore, the Company currently has no reserves on anyof its properties. As a result, there can be no assurance that suchforward-looking statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements.
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