Cautionary Note Regarding Forward-looking Statements

The Company cautions you that statements included in this website that are not a description of historical facts are “forward-looking statements” or “forward-looking information” within the meaning of applicable US and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may,” “would,” “could”, “will,” “intend,” “expect,” “believe,” “plan,” “anticipate,” “estimate,” “scheduled,” “forecast,” “predict” and other similar terminology, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this website.

Such statements may include, without limitation: estimated calculations of mineral  resources and mineral reserves at our properties, future exploration, development and production, industry trends, treatment under applicable government regimes for permitting or attaining approvals, government regulation, environmental risks, activities within the our joint ventures, the performance and potential benefits of our technology, the projections, assumptions and estimates contained in the Preliminary Feasibility Study related to the Santa Cruz Project, including but not limited to those related to capital and operating costs, metal prices, cash flow, cash costs, revenue, net present value, internal rate of return, mine design and mining techniques and processes, copper production, grade and recoveries, development, throughput, life of mine, illustrative timelines related to mine construction, permitting and copper production, potential financing, jobs during construction and operations, mine sequencing, mining technology, equipment, staffing and infrastructure, emissions, use of land, water management and estimates regarding groundwater flow, power and other resources, estimates of mineral resources and reserves, potential for expansion of mineral resources, copper grade and cash cost costs relative to other mines, use of renewable energy, use of energy storage technologies, the ability to produce pure copper cathode, the ability to secure state and local permits, and planned or potential developments in the businesses of the Company.

Forward-looking statements are based on beliefs and assumptions considering information currently available. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including fluctuations in metal prices; risks related to inflation and changes in interest rates, discount rates, exchange rates, and taxes; risks due to the inherently hazardous nature of mining- related activities; uncertainties due to health and safety considerations; uncertainties related to environmental considerations, including, without limitation, climate change; uncertainties relating to obtaining approvals and permits, including renewals, from governmental regulatory authorities; uncertainties related to changes in law; uncertainty related to the availability and terms of capital; and those risk factors described in the Company’s Annual Report on Form 10-K and other disclosures made by the Company with the U.S. Securities and Exchange Commission and Canadian securities regulators.

Undue reliance should not be placed on such forward-looking statements, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as required by applicable law.

NATIONAL INSTRUMENT 43-101 STATEMENT

Unless otherwise disclosed to the contrary on this website, scientific and technical disclosures concerning the Company’s material mineral projects disclosed or included on this website have been prepared under the supervision of, or approved by, Mr. Glen Kuntz, Senior Vice President Mine Development, who is a “qualified person” as defined in NI 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”). Mr. Kuntz has verified any technical data disclosed or included on this website, unless otherwise stated.

In addition, certain scientific and technical disclosures on this website have been extracted or summarized from the NI 43-101 Feasibility Study and Technical Report prepared in respect of the Santa Cruz Copper Project and included on this website under the page “Technical Reports” and filed with applicable Canadian securities regulators at www.sedar.com. The Technical Report includes relevant information regarding the assumptions, parameters and methods for the mineral resource and reserve estimates at the Santa Cruz Copper Project as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosures regarding the Santa Cruz Project.

In addition, the Company has prepared and filed technical report summaries with the SEC under subpart 1300 of Regulation S-K — Disclosure by Registrants Engaged in Mining Operations (“S-K 1300”). While the definitions and standards of NI 43-101 and S-K 1300 have similar goals in terms of conveying an appropriate level of confidence in the disclosures being reported with respect to scientific and technical information on mineral properties, the respective standards embody slightly different approaches and definitions.