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ARTEMIS PRICES FINAL EPC CONTRACT FOR THE PROCESS PLANT WITH SEDGMAN AT $318 MILLION
ARTEMIS PRICES FINAL EPC CONTRACT FOR THE PROCESS PLANT WITH SEDGMAN AT $318 MILLION ...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n \n \n \n ARTEMIS PRICES FINAL EPC CONTRACT FOR THE PROCESS PLANT WITH SEDGMAN AT $318 MILLION\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 Sept. 8, 2022\n \n \n /CNW/ - Artemis Gold Inc. –\n \n September 08, 2022\n \n (TSXV: ARTG) (\n \n \"Artemis\"\n \n or the\n \n \"Company\"\n \n ) is pleased to announce that, as planned, it has executed a final contract (the \"\n \n EPC Contract\n \n \") 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 ) with Sedgman Canada Limited (\"\n \n Sedgman\n \n \"), a CIMIC Group Company.\n \n \n \n \n \n \n \n \n \n The EPC Contract has been finalized at\n \n $318 million\n \n (the \"\n \n EPC Price\n \n \"), materially consistent with the previously announced EPC award outlined in the\n \n May 2, 2022\n \n news release entitled \"\n \n Artemis Gold Awards Process Plant EPC to Sedgman for the Blackwater Gold Project\n \n \".\n \n \n The EPC Contract is supported by performance security including bank letters of credit which will underwrite the financial performance and obligations of Sedgman under the EPC Contract.\n \n \n The project schedule supporting the EPC Contract with Sedgman includes the following assumptions:\n \n \n \n Receipt of the BC Mines Act and related permits in the Fall of 2022;\n \n \n Construction mobilization and major works preparations commence in Q1 2023 with process plant bulk earthworks scheduled to be completed prior to the start of major works;\n \n \n Commissioning activities of the process facility to commence in H1 2024;\n \n \n First gold pour expected in Q3 2024.\n \n \n \n The EPC Contract terms provide for potentia...