Cautionary Note Regarding Forward-looking Statements
This website contains “forward-looking statements.” Those statements include, but are not limited to, statements with respect to: estimated calculations of mineral reserves and resources at our properties, plans and objectives, industry trends, our requirements for additional capital, treatment under applicable government regimes for permitting or attaining approvals, government regulation, environmental risks, title disputes or claims, synergies of potential future acquisitions, expectations generally regarding the completion of the offering, and our anticipated uses of the net proceeds from this offering. These statements may be under the captions “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Industry Overview,” “Business” and in other sections of this website. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “could,” “should,” “would,” “achieve,” “budget,” “scheduled,” “forecasts,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our industry.
All forward-looking statements speak only as of the date on which they are made. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions concerning future events that are difficult to predict. Therefore, actual future events or results may differ materially from these statements. We believe that the factors that could cause our actual results to differ materially from those expressed or implied by forward-looking statements include the following:
- our mineral projects are all at the exploration stage;
- we have no mineral reserves, other than at the San Matias project;
- we have a limited operating history on which to base an evaluation of our business and prospects;
- we depend on our material projects for our future operations;
- our mineral resource calculations at the Santa Cruz Project are only estimates;
- actual capital costs, operating costs, production and economic returns may differ significantly from those we have anticipated;
- the title to some of the mineral properties may be uncertain or defective;
- our business is subject to changes in the prices of copper, gold, silver, nickel, cobalt, vanadium and platinum group metals;
- we have claims and legal proceedings against two of our subsidiaries;
- our business is subject to significant risk and hazards associated with mining operations;
- our failure to identify attractive acquisition candidates or joint ventures with strategic partners or our inability to successfully integrate acquired mineral properties or successfully manage joint ventures impacts our business;
- our business is extensively regulated by the United States and foreign governments as well as local governments;
- the requirements that we obtain, maintain and renew environmental, construction and mining permits are often a costly and time-consuming process;
- our non-U.S. operations are subject to additional political, economic and other uncertainties not generally associated with domestic operations; and
- our operations may be impacted by the COVID-19 pandemic, including impacts to the availability of our workforce, government orders that may require temporary suspension of operations, and the global economy.
These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements included on this website. Important factors that could cause actual results to differ materially from our expectations, or cautionary statements, are disclosed under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These risks and uncertainties, as well as other risks of which we are not aware or which we currently do not believe to be material, may cause our actual future results to be materially different than those expressed in our forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. We do not undertake any obligation to make any revisions to these forward-looking statements to reflect events or circumstances after the date of this website or to reflect the occurrence of unanticipated events, except as required by law.
All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by these cautionary statements. You should evaluate all forward-looking statements made on this website in the context of these risks and uncertainties.
Certain forward-looking statements are based on assumptions, qualifications and procedures which are set out only in the Santa Cruz Technical Reports and Tintic Technical Reports. For a complete description of assumptions, qualifications and procedures associated with such information, you should refer to the full text of the S-K 1300 Santa Cruz Technical Report and S-K 1300 Tintic Technical Report.
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. Mark Gibson, the Chief Operating Officer of the Company, who is a “qualified person” as defined in NI 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”). Mr. Gibson 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 current NI 43-101 technical reports prepared in respect of the Santa Cruz Project and Tintic Projects and included on this website under the page “Technical Reports” and filed with applicable Canadian securities regulators at www.sedar.com. The technical reports includes relevant information regarding the assumptions, parameters and methods for the mineral resource estimates at the Santa Cruz Project as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosures regarding both the Santa Cruz Project and Tintic Project.
In addition, the Company has prepared and filed technical report summaries with the US 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.