Investegate |Adriatic Metals Announcements | Adriatic Metals: Quarterly Activities Report 30 June 2021 investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Ms. Christina McCarthy – Director
The preliminary prospectus has been filed with the securities regulatory authorities in each of the provinces and territories of Canada. The Offering is for class A restricted voting units of Osisko Green (the
Class A Restricted Voting Units ) at an offering price of $10.00 per Class A Restricted Voting Unit, the aggregate proceeds of which will be placed in escrow pending completion of a qualifying acquisition by Osisko Green and will only be released upon certain prescribed conditions. Each Class A Restricted Voting Unit is comprised of a class A restricted voting share of Osisko Green (a
VOCATIONAL TRAINING PROGRAMME Adriatic Metals PLC (ASX:ADT, LSE:ADT1) and its subsidiary Eastern Mining d.o.o. recently announced the launch of a new educational course at Nordbat 2 Secondary Mixed School in Vares, Bosnia, dedicated to new techniques in mining. The course, which will be offered to all children over the age of 14 in the Vares and Breza municipalities, will focus on latest technology and advancements in the mining sector, ensuring that the students receive a mining education that encompasses all the sector has to offer. Paul Cronin, CEO of Adriatic Metals, commented: Investing in the future of mining does not mean investing only in technology and machinery but in the people, who are at, the core of any mining operation. The Vares and Breza municipalities have a long history with mining. This course aims to revive the local community s idea of mining and educate young people on the recent advances in min
ABOUT ADRIATIC METALS Adriatic Metals Plc (ASX:ADT, LSE:ADT1) is a precious and base metals explorer and developer that owns the world-class Vares Silver Project in Bosnia & Herzegovina and holds licences across the Raska District in Serbia. The Vares project s captivating economics and impressive resource inventory have attracted Adriatic s highly experienced team, which is expediting exploration efforts to expand the current JORC resource. Results of a recent pre-feasibility study announced on 15 October 2020 indicate a post-tax NPV
8% of US$1,040 million and IRR of 113%. Leveraging its first-mover advantage, Adriatic is rapidly advancing the project into the development phase and through to production with significant cornerstone investment of US$28 million from Queen s Road Capital Investment and EBRD.