10:12:39 EDT Wed 15 May 2024
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USA
CA



Arbor Metals Corp
Symbol ABR
Shares Issued 59,970,075
Close 2023-07-28 C$ 3.30
Market Cap C$ 197,901,248
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Arbor Metals to begin work at Jarnet in August

2023-07-31 09:05 ET - News Release

Mr. Mark Ferguson reports

ARBOR METALS ANNOUNCES LIFTING OF FOREST ENTRY BAN AT ST. JAMES, QUEBEC, CANADA

Arbor Metals Corp. has noted that the forest access ban in Quebec, imposed due to the wildfires in the area, has been lifted, including access to the company's property. While road closures persist, Arbor has successfully secured helicopter access, expected to commence in August. The company is now updating its work plan to accommodate these conditions and remains confident in its ability to complete its work program as planned.

The safety and well-being of its employees, contractors and the surrounding communities are of paramount importance to the company. As such, Arbor continues to closely monitor the wildfire situation, and is collaborating with regulatory authorities to ensure that all necessary health and safety measures are in place during the work program.

"Our thoughts are with the communities affected by the wildfires, and we extend our deepest gratitude to the brave firefighters and all those who have tirelessly worked to bring the fires under control," said Mark Ferguson, chief executive officer of Arbor. "We are pleased to hear that the forest entry ban has been lifted, allowing us to resume our work program with helicopter access. We are committed to conducting our operations in a responsible and safe manner."

As the company prepares to deploy to complete this work program, Arbor is also actively planning its winter work program. The team is eager to reach the site and initiate the planned activities. The company will provide further updates as the crews reach the site and work operations begin.

Arbor is dedicated to responsible resource development, and is well positioned to play a crucial role in supplying the necessary lithium to support the electrification of transportation and the transition to a sustainable future. The company's focus on sustainable growth, innovation and strategic partnerships will continue to drive its efforts in meeting the increasing demand for lithium in Canada's EV (electric vehicle) industry.

Dr. Peter Born, PGeo, is the designated qualified person as defined by National Instrument 43-101, and is responsible for and has approved the technical information in this release.

About Arbor Metals Corp.

Arbor is a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes.

The Jarnet lithium project, located in the James Bay region of Quebec, comprises 47 map-designated claims, covering an area of approximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization. It represents one of the highest-profile lithium exploration projects in the sector.

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