Arbor Metals to Expand Lithium Projects into Canada
Vancouver, December 12th, 2021 - Arbor Metals Corp. (the "Company") (TSXV:ABR) (FWB:432) announces that through its continuous evaluation process, the Company has identified certain, highly prospective, lithium bearing areas in Eastern Canada. The board of directors has elected to expand its portfolio of strategic lithium projects into Canada. The Company has engaged the services of a leading Canadian exploration company to assist in completing the technical review. This potential acquisition would expand the Company's lithium focus as it builds a project pipeline of mineral projects in a sector poised to supply the needs of the world transition to a green economy. The Company is currently completing due diligence and final negotiations on a prospective project and anticipates being able to close the acquisition in the coming weeks. The Company's expanded focus into lithium is an integral part of its exploration strategy. Management is continuously evaluating opportunities around the world where there is the potential for a significant deposit that meets the Company's criteria.
Readers are cautioned that the Company has not yet finalized the terms for the acquisition of the lithium project, and there can be no guarantee that a transaction will ultimately proceed. Completion of any transaction will be subject to customary closing conditions, which may include regulatory approval. The Company will provide further information regarding the project expansion once terms have been finalized.
For further information, contact Mark Ferguson, Chief Executive Officer, at info@arbormetalscorp.com, or visit the Company's website at www.arbormetalscorp.com.
On behalf of the Board,
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the potential acquisition of a prospective lithium project, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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