(TheNewswire)
Toronto – TheNewswire - June 27, 2024 –Nuinsco Resources Limited (“ Nuinsco ” or the “ Company ”)(CSE:NWI ) , ( FRA:NJX) ( www.nuinsco.ca ) today announcedwith great sadness and regret the death of Company Director Dr. JamesM. Franklin.
Dr. Franklin had served as a Director of Nuinsco since2011, but his involvement with Nuinsco began a number of years earlieras a consultant on the Company’s exploration and developmentprojects. Prior to consulting to Nuinsco, and a host of Canadian andInternational junior and senior mining companies, Dr. Franklin had anillustrious career in academia and the Public Service. Dr. Franklintaught at Lakehead University in the 1970s before moving to theGeological Survey of Canada (“ GSC ”), eventually to become Chief Scientistthere. Upon retirement in 1998 Jim transitioned to the consulting rolewith the enthusiasm and professionalism typical of him. As aconsultant he provided invaluable insight into exploration anddevelopment projects globally. He also remained in the academicsphere, becoming Adjunct Professor at several Canadian Universities.In 2019 Jim was inducted into the Canadian Mining Hall of Fame in recognition of his impact on the Canadianmining industry.
“I first met Jim in 1982 as a student in one of hiscourses,” said Paul Jones, CEO. “Following his retirement from theGSC I worked with him on exploration projects with several companies– his input was always pertinent, insightful, and valuable. Later,his participation in Nuinsco at the board level for more than a decadewas of immense value to the Company. As a teacher, mentor, colleagueand friend Jim was a pleasure to work with these nearly 30 years.Personally, I will miss him enormously. The mining industry has lostan invaluable resource and enthusiastic ambassador.”
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 the large multi-commodity (phosphate, rareearth element, niobium, tantalum) Prairie Lake project nearMarathon-Terrace Bay, the Zig Zag Lake property (lithium, tantalum)near Armstrong optioned to First Class Metals PLC and retains a NSRroyalty on the Sunbeam gold property near Atikokan. In addition,Nuinsco has an agreement for gold exploitation at the El Sid projectin the Eastern Desert of Egypt.
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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