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ARTEMIS GOLD AWARDS PROCESS PLANT EPC TO SEDGMAN FOR THE BLACKWATER GOLD PROJECT
ARTEMIS GOLD AWARDS PROCESS PLANT EPC TO SEDGMAN FOR THE BLACKWATER GOLD PROJECT ...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n \n \n \n ARTEMIS GOLD AWARDS PROCESS PLANT EPC TO SEDGMAN FOR THE BLACKWATER GOLD PROJECT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Trading Symbol: TSX-V: ARTG\n \n \n \n \n All figures presented in Canadian Dollars, unless specified otherwise\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 2, 2022\n \n \n /CNW/ - Artemis Gold Inc. –\n \n May 2\n \n , 2022 (TSXV: ARTG) (\n \n \"Artemis\"\n \n or the\n \n \"Company\"\n \n ) is pleased to announce that, as planned, it has made an award for the EPC scope of works for the engineering, procurement, construction and commissioning of the processing plant and associated infrastructure at the Company's Blackwater project (\n \n \"Blackwater\"\n \n or the\n \n \"Project\"\n \n ) to Sedgman Canada Limited (\"\n \n Sedgman\n \n \"), a CIMIC Group Company.\n \n \n \n \n \n \n \n \n \n The award amount of approximately\n \n $312 million\n \n is consistent with the prescribed budget for the process plant and selected infrastructure scope of works in the 2021 Feasibility Study technical report entitled \"\n \n Blackwater Gold Project NI 43-101 Technical Report on Updated Feasibility Study\n \n \" dated\n \n September 10, 2021\n \n (\n \n \"FS\"\n \n ).\n \n \n The EPC contract is expected to be executed by\n \n June 30, 2022\n \n . The EPC contract will be supported by performance security including bank letters of credit which will underwrite the financial performance and obligations of the contractor under the contract.\n \n \n While the parties finalize the definitive EPC contract, in order to maintain the project schedule, an interim services agreement has been agreed, the scope of which includes but is not limited to, the following activities:\n \n \n \n Derisking by way of:\n \n \n \n Procurement and pricing of long lead equipment;\n \n \n Potential advance procurement of certain raw materials for fabricators;\n \n \n Detailed engineering work commencing in Q2 2022; and\n \n \n Progression of quan...