Chibougamau extends a number of circumstances of the West block possibility By Investing.com

ROUTE NORRAND, Quebec, Dec. December 24, 2024 (GLOBE NEWSWIRE) — Chibougamau Unbiased (LON:) Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Inventory Exchanges in Germany, CMAUF-OTC in the USA), hereinafter known as Chibougamau, needs to tell shareholders that pursuant to the settlement with Tomagold Company (TSXV: LOT) dated August 11, 2023, Chibougamau has obtained preliminary funds in money and shares. Moreover, Chibougamau obtained the primary anniversary inventory fee however, resulting from market circumstances, prolonged the required $50,000 money and $600,000 work bills till June 30, 2025.

Chibougamau will report back to shareholders on the progress of the West block settlement no later than June 30, 2025.

This press launch was written by Jack Stoch, geo., president and CEO of Mines Indépendantes Chibougamau inc. in his capability as a certified particular person (QP) beneath Regulation 43-101.

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of the discharge.

Ahead-looking statements
Aside from historic info, this press launch might comprise sure forward-looking statements. These statements might contain plenty of recognized and unknown dangers and uncertainties in addition to different components that would trigger precise outcomes, degree of exercise and efficiency to be materially totally different from the Firm’s expectations and projections. . A extra detailed dialogue of dangers is on the market beneath the disclaimer part of the Firm’s web site.

61,065,536 shares issued and excellent

Supply: Mines Indépendantes Chibougamau Inc.