MONTREAL, Nov. 27, 2019 /CNW Telbec/ - SRG
Mining Inc. (TSXV: SRG) ("SRG" or the "Company") today is
pleased to announce it has been formally awarded the mining permit
for its Lola graphite project (the "Project") near the town of Lola
in eastern Guinea, West Africa. The fifteen (15) year renewable
permit was officially granted by the Government of Guinea through presidential decree in
conformity with the Company's request of March 22, 2019.
"We are very pleased with the efforts and professionalism
demonstrated by the Government of Guinea in support of this Project. We see this
as a reflection of the maturity of Guinea as a mining jurisdiction who recognizes
the importance of diversifying its mining resources." "With the
receipt of the mining permit, we will now work closely with the
Government in order to negotiate and finalize a mining convention
in accordance with the mining regulations" said Ugo Landry-Tolszczuk, President and COO of SRG
Mining.
ABOUT SRG MINING
SRG Mining is a Canadian-based mining company focused on
developing the Lola graphite deposit located in the Republic of
Guinea, West Africa. SRG is committed to operating in
a socially, environmentally, and ethically responsible manner.
For additional information, please visit SRG's website at
www.srgmining.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as "will", "continue", "progress",
"reasonable", "established", "has", "demonstrate", "potential", or
variations of such words and phrases or state that certain actions,
events or results "may", "could", "would" or "might".
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: (i)
volatile stock price; (ii) the general global markets and economic
conditions; (iii) the possibility of write-downs and impairments;
(iv) the risk associated with exploration, development and
operations of mineral deposits including the accuracy of the
current mineral reserve and mineral resource estimates of the
Company (including, but not limited to, ore tonnage and ore grade
estimates) and mine plans for the Company's mining operations
(including, but not limited to, throughput and recoveries being
affected by metallurgical characteristics); (v) the risk associated
with establishing title to mineral properties and assets including
permitting, development, operations and production from the
Company's operations being consistent with expectations and
projections; (vi) fluctuations in commodity prices, finding offtake
takers and potential clients and other risks and factors described
or referred to in the section entitled "Risk Factors" in the
MD&A of the Company and which is available at www.sedar.com,
all of which should be reviewed in conjunction with the information
found in this news release.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has
been provided for the purpose of assisting investors in
understanding the Company's business, operations and exploration
plans and may not be appropriate for other purposes. Accordingly,
readers should not place undue reliance on forward-looking
information. Forward-looking information is given as of the date of
this press release, and the Company does not undertake to update
such forward-looking information except in accordance with
applicable securities laws.
SOURCE SRG Mining Inc.
