Vancouver, Canada – September 14th, 2023 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2 announces that it has completed the acquisition (the “Acquisition”) of Carter Lake Resource Corp. (“CLR Corp”). CLR Corp is the owner of the Carter Lake Uranium Project, situated in the prominent Athabasca Basin of Saskatchewan, Canada.
The Acquisition was completed pursuant to a share purchase agreement entered into with the sole shareholder of CLR Corp (the “Vendor”). In consideration for the Acquisition, the Company has issued 2,600,000 common shares to the Vendor. The Company is at arms-length from the Vendor and CLR Corp. No finders’ fees or commissions were paid by the Company in connection with the Acquisition.
About Trench Metals Corp
Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals.
For further information, contact the Company at info@trenchmetals.com, or visit the Company’s website at www.trenchmetals.com.
On behalf of the Board,
Trench Metals Corp.
Simon Cheng, Chief Executive Officer
Neither the 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.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
