Stem 7 Files PEA on Santa Cruz Graphite Project
Stem 7 Files PEA on Santa Cruz Graphite Project
December 13, 2017 – Vancouver, B.C. – Stem 7 Capital Inc. (“Stem 7” or the “Company”) (TSXV: STS.H) Further to the Company’s news release dated October 23, 2017, the Company has filed a National Instrument 43-101 technical report dated August 21, 2017 and entitled “Preliminary Economic Assessment Brasil Grafite S.A. on the Santa Cruz Graphite Project Itabela, Baha, Brazil” (the “PEA”). There are no material differences between the mineral resources, mineral reserves or results disclosed in the PEA and those disclosed in the Company’s October 23, 2017 news release. The PEA can be found under the Company’s Sedar profile at www.sedar.com.
About the Santa Cruz Graphite Project
Company management was attracted to Santa Cruz due to its advanced-stage status as a pre-production graphite project, backed up by a positive NI43-101 Preliminary Economic Assessment that supports the need for further studies to evaluate and advance the project’s potential. The Company has filed a copy of the PEA for Santa Cruz with the TSX Venture Exchange (the “Exchange”) and will file the PEA on Sedar within 45 days of this news release.
On behalf of the Board,
Chief Executive Officer
Ph: +1 (203) 918-3098
For additional information, please contact:
Ph: +1 (604) 506-2502
Neither 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.
Cautionary Note: The PEA is considered by STS to meet the requirements of a Preliminary Economic Assessment as defined by Canadian Securities Administrators‘ National Instrument 43-101 (“NI 43-101”) Standards of Disclosure for Mineral Projects. The economic analysis contained in the technical report is based, in part, on Inferred Resources (as defined in NI 43-101) and is preliminary in nature. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no guarantee that all or any part of the Mineral Resource will be converted into a Mineral Reserve. Inferred Resources are considered too geologically speculative to have mining and economic considerations applied to them and to be categorized as Mineral Reserves (as defined in NI 43-101). Additional trenching and/or drilling will be required to convert Inferred Mineral Resources to Measured or Indicated Mineral Resources. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the reserve’s development, production and economic forecasts on which the PEA is based will be realized.
Cautionary Statement on Forward Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Statements in this news release pertaining to expected financings, filings, uses of proceeds or project completion dates are forward-looking statements. These forward-looking statements are based on assumptions and address future events and conditions and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements.
Such projections are and will inevitably always be dependent on assumptions about future mineral prices and development costs which will be subject to fluctuation due to global and local economic and industry conditions. Further information regarding risks and uncertainties which may cause results to differ from those contained in forward-looking statements is included in filings by the Company with securities regulatory authorities and is available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.
The statements contained in this news release in regard to Stem 7 Capital Corp. that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Stem 7’s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to Stem 7 Capital Corp. as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.