(TheNewswire)
Toronto – TheNewswire - July 8, 2024 –Nuinsco Resources Limited (“ Nuinsco ” or the “ Company ”) (CSE:NWI) today announced the appointment, effective immediately, of Mr.Alastair Neill to the board of directors to the Company.
Paul Jones, Nuinsco’s CEO, stated: “We are verypleased that Mr. Neill has agreed to join Nuinsco’s Board ofDirectors. His knowledge, expertise and relationships in thespecialty and critical minerals business, and in rare earth processingand marketing, will enhance Nuinsco’s ability to advance itsexisting and future assets, particularly the Company’s Prairie LakeCritical Minerals project located approximately 50 kilometresnorthwest of Marathon, Ontario.”
Mr. Neill has been engaged in the specialty andcritical business for almost 30 years. This experience makes him atremendous resource to the Company as the critical minerals sectorundergoes rapid evolution and expansion. His knowledge andunderstanding of the complex critical metals marketplace will be ofenormous value and will provide context for decision making. Mr. Neillhas held senior management positions responsible for sale andpurchase, product development, marketing, R&D, and businessdevelopment of several rare earth enterprises in North America andAsia, including spending 10 years on-site in China andMongolia.
The Prairie Lake Critical Minerals project is alarge , well located source of critical mineralslocated in the heart of North America. It is a potential source ofelements needed for applications in agriculture, transportation, powerdistribution, energy storage, green technologies and a host of othersectors. It is of immense value to a secure critical minerals supplychain; an issue identified by numerous governments, addressed withincentives and programs to encourage development of the criticalminerals sector. Prairie Lake is located near the north shore ofLake Superior, putting it in close or easily accessible reachof:
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The towns of Marathon and Terrace Bay, able to supplyskilled, local workforce.
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Paved Highways 17 and 11.
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Canadian Pacific Railway and Canadian National Railwaynetworks.
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High capacity (230kV) electrical power transmissionline.
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Only 50km from the Marathon deep water port project.Deep-water ports also located at Thunder Bay and Sault Ste. Marie –ready access to global markets.
About Nuinsco ResourcesLimited
Nuinsco Resources has over 50years of exploration success and is a growth-oriented,multi-commodity mineral exploration and development company focusedon prospective opportunities in Canada and internationally.Currently the Company has three properties in Ontario – the largemulti-commodity (phosphate, rare earth element, niobium, tantalum)Prairie Lake project near Marathon-Terrace Bay, the Zig Zag Lakeproperty (lithium, tantalum) near Armstrong, and the high-gradeSunbeam gold property near Atikokan currently optioned to First ClassMetals PLC. In addition, Nuinsco has an agreement for goldexploitation at the El Sid project in the Eastern Desert ofEgypt.
Forward-LookingStatements
This news release contains certain"forward-looking statements." All statements, other thanstatements of historic fact, that address activities, events ordevelopments that Nuinsco believes, expects or anticipates will or mayoccur in the future are forward-looking statements. Forward-lookingstatements are often, but not always, identified by the use of wordssuch as "seek," "anticipate," "believe,""plan," "estimate, “expect," and"intend" and statements that an event or result"may," "will," "can,""should," "could," or "might" occur orbe achieved and other similar expressions. These forward-lookingstatements reflect the current expectations or beliefs of Nuinscobased on information currently available to Nuinsco. Forward-lookingstatements are subject to a number of risks and uncertainties that maycause the actual results of Nuinsco to differ materially from thosediscussed in the forward-looking statements, and even if such actualresults are realized or substantially realized, there can be noassurance that they will have the expected consequences to, or effectson Nuinsco. Factors that could cause actual results or events todiffer materially from current expectations include, among otherthings, failure to successfully complete financings, capital and othercosts varying significantly from estimates, production rates varyingfrom estimates, changes in world copper and/or gold markets, changesin equity markets, uncertainties relating to the availability andcosts of financing needed in the future, equipment failure, unexpectedgeological conditions, imprecision in resource estimates, success offuture development initiatives, competition, operating performance offacilities, environmental and safety risks, delays in obtaining orfailure to obtain tenure to properties and/or necessary permits andapprovals, and other development and operating risks. Anyforward-looking statement speaks only as of the date on which it ismade and, except as may be required by applicable securities laws,Nuinsco disclaims any intent or obligation to update anyforward-looking statement, whether as a result of new information,future events or results or otherwise. Although Nuinsco believes thatthe assumptions inherent in the forward-looking statements arereasonable, forward-looking statements are not guarantees of futureperformance and accordingly undue reliance should not be put on suchstatements due to the inherent uncertainty therein.
Paul Jones, CEO | Sean Stokes, Executive VP | Cathy Hume, Consultant | |
613-867-5902 | 416-712-7481 | 416-868-1079 877-838-1079 |
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