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Braveheart Resources Inc. Issues Retraction to News Release Dated August 6, 2020
Calgary, Alberta--(Newsfile Corp. - August 7, 2020) - Braveheart Resources Inc. (TSXV: BHT) (...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Resources Inc. Issues Retraction to News Release Dated August 6, 2020Calgary, Alberta--(Newsfile Corp. - August 7, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (\"Braveheart\" or the \"Company\"). At the request of the Investment Industry Regulatory Organization of Canada, the Company hereby retracts a statement made in its news release of August 6, 2020.Specifically, the Company retracts its stated internal estimate for the capital costs to complete upgrades at its Bull River Mine project because the estimate constitutes restricted disclosure per NI 43-101, 2.3(1)(b) and is not based on an independent Preliminary Economic Assessment, Pre-feasibility Study, or Feasibility Study.This retraction does not change the Company's stated intention to continue with upgrades to the surface infrastructure with monies recently raised through its new financing facility with Alumina Partners (Ontario) Ltd.About Braveheart Resources Inc.Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the Bull River Mine project which has a current mineral resource containing copper, gold and silver. The property is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.Contact InformationBraveheart Resources Inc.Ian BerzinsPresident & Chief Executive [email protected]: www.braveheartresources.comCaution Regarding Forward-Looking InformationThis news release includes certain information that may constitute \"forward-looking information\" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks,...