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EDM Reports Entering into Exclusive Negotiations for the Scotia Mine Debt Financing and Offtake
Halifax, Nova Scotia--(Newsfile Corp. - April 4, 2022) - EDM Resources Inc. ( TSXV: EDM ) (" E...
About this update from Edm Resources Inc
[{"type":"text","content":"EDM Reports Entering into Exclusive Negotiations for the Scotia Mine Debt Financing and OfftakeHalifax, Nova Scotia--(Newsfile Corp. - April 4, 2022) - EDM Resources Inc. (TSXV: EDM) (\"EDM\" or the \"Company\") announces that it is in advanced exclusive discussions to obtain debt financing and enter into an offtake agreement sufficient to put EDM's Scotia Mine into commercial production in Q4 of 2023. EDM's President and CEO, Mr. Mark Haywood, stated: \"We are very pleased with our progress to date in selecting a potential transaction partner for the financing of the Scotia Mine and advancing our discussions of the terms of potential financing and offtake agreements. While we do not have a binding agreement as of yet, we are confident that upon the satisfactory completion of mine site due diligence by the prospective counterparty and following further negotiations, we will be in a position to announce that we have secured the financing we need move the Scotia Mine forward to production.\" EDM will provide an update on the status of the negotiations and any agreements reached respecting the finance and offtake at or prior to the end of April 2022.About EDM Resources Inc.EDM is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. EDM also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia.The Company's common shares are traded on the TSX Venture Exchange under the symbol \"EDM\". For more information, please contact:Mark Haywood - President & Chief Executive OfficerRobert Suttie - Chief Financial OfficerSimion Candrea - Vice President, Corporate DevelopmentHead Office: Purdy's Wharf, 1959 Upper Water Street, Suite 1301, Nova Scotia, B3J 3N2, Canada Telephone: +1 (902) 482 4481Facsimile: +1 (902) 422 2388Email & Web: [email protected] & www.EDMresources.comThe Company's corporate filings and technical reports can be viewed on the Company's SEDAR profile at www.sedar.com. Further information on EDM is also available on Facebook at http://www.facebook.com/EDMresources.inc Twitter at http://www.twitter.com/EDMresources and LinkedIn at http://www.linkedin.com/company/EDMresources.CAUTIONARY STATEMENTSNeither the TSX Venture Exchange nor its Regulation Services Provider (as tha...