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Rogue Update: Strong Stone Sales to Finish 2020, Creating a Nickel Subsidiary, Amended Snow White Terms, Update Call Tomorrow
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES Rogue Sto...
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[{"type":"text","content":"Rogue Update: Strong Stone Sales to Finish 2020, Creating a Nickel Subsidiary, Amended Snow White Terms, Update Call TomorrowNOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESRogue Stone's ramp-up continued with good sales through the first 2 months of its Q2-2021In November-December Rogue Stone sold 4,815 tons realizing an average price of $72/tonTo date, Rogue Stone has sold more than 20,000 tons, realizing more than $1.5M in salesRogue is transferring the Langmuir Project, south of Timmins into a new, wholly owned Nickel subsidiaryPartnered again with Option Holders to improve payment terms on the Snow White ProjectA Corporate Update conference call will be held with investors on Tuesday, January 12th, 2021 at 12:00pm ESTTORONTO, ON / ACCESSWIRE / January 11, 2021 / Rogue Resources Inc. (TSXV:RRS) (\"Rogue\" or the \"Company\") is pleased to announce continued progress at Rogue Stone with 2,421 tons[1] sold in November and 2,394 tons sold in December with an average realized price per ton of $72 for the final two months of 2020. In total, Rogue Stone has now sold more than 20,000 tons, realizing more than $1.5M.\"We are pleased with the performance to date from Rogue Stone. We continue to hit the numbers in our acquisition model and safely produce great product for our customers,\" said Sean Samson, President and CEO of Rogue. \"We have also made some interesting changes across the portfolio to start things into motion and unlock additional value. We look forward to discussing these items in more detail on tomorrow's call.\"New Nickel subsidiaryAs highlighted during Rogue's October Investor Call, the strengthened nickel price market has led to increased demand for potential nickel investment stories. Rogue owns the Langmuir Project, which has a 15M pound, high-grade nickel Resource 25 km southeast of Timmins, Ontario. Langmuir is 7 km by road from the Redstone Mill which is owned by Northern Sun Mining Corp. The Redstone Mill has a permitted capacity of 2000 tonnes/day. Rogue plans to create a new wholly owned subsidiary to facilitate potential strategic moves.Amendments to the Snow White Project payment terms Rogue is pleased to report that it has entered into an agreement to further amend the payment terms (the \"New Amendments\") for the Company's Snow White quartz project, located near Massey, On...