ENP Newswire -
Release date- 13062014 -
In exchange for granting the extension of the maturity date to
The Offtake Agreement originally granted to Red Kite the right to acquire up to 30% of the copper cathode produced from the Project, conditional upon 100% of the Loan being advanced to the Company. As of the date of the Agreement,
'The extension of the Red Kite maturity date provides Curis with greater flexibility as it advances the development of this world-class, next-generation copper project,' commented Curis President and CEO,
About Florence Copper
Florence Copper is engaged in the final stages of permitting for the Phase 1 Production Test Facility ('PTF') for an in-situ copper recovery project in
The PTF will assist in the demonstration of the science and safety of the in-situ process and provide an opportunity for the public to fully engage and understand this modern copper extraction technology. Concurrently, Florence Copper continues to advance engineering, testwork, environmental studies and permitting for Phase 2 commercial operations.
Curis is focused on the acquisition, development and operation of high-quality next generation copper properties in progressive jurisdictions around the world. Its current goal is to advance the 100%-owned Florence Copper project to production.
Curis is associated with
About RK Mine Finance
RK Mine Finance provides mining companies with project financing and metal off-take agreements for initiation or expansion of mine production and is part of the Red Kite group. Red Kite operates across the global metals industry from offices in
This release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.
Assumptions used by the Company to develop forward-looking statements include the following: the Florence Copper project will obtain all required environmental and other permits and all land use and other licenses for construction of the Production Test Facility and full commercial facilities, the Florence Copper project will achieve targeted production levels; studies and development of the Florence Copper project will continue to be positive; contracted parties will provide goods and/or services on the agreed timeframes; equipment necessary for construction and development will be available and will not incur unforeseen breakdowns; no material labour slowdowns or strikes will be incurred; plant and equipment will function as specified; geological or financial parameters will not necessitate future mine plan changes and no geological or technical problems will occur.
Factors that could cause actual results to differ materially from those in forward-looking statements include fluctuations in market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, the final outcome of any lawsuits, the continued availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
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