Vancouver, British Columbia--(Newsfile Corp. - July 27, 2021) - OrganiMax Nutrient Corp. (TSXV: KMAX) (FSE: L3U) (OTC Pink: BNRJF) ("OrganiMax" or "the Company") is pleased to announce that it has filed with the TSX Venture Exchange (the "Exchange") a notice of name change to "Silver Valley Metals Corp." As part of the name change, effective at the start of trading on or about August 3, 2021, Silver Valley Metals Corp. will commence trading on the TSX Venture Exchange under the new symbol "SILV."
The Company's President & CEO and Director, Brandon Rook, commented, "With our recent closing of the transaction for the Ranger-Page Project in Idaho, the name change from OrganiMax Nutrient Corp. to Silver Valley Metals Corp. more accurately reflects the new exploration focus and strategic direction of the Company going forward. As the new flagship exploration project within the Company's portfolio of assets, the Ranger-Page Project in the prolific Silver Valley represents a significant exploration opportunity for the Company's shareholders, as we turn our focus to silver-zinc-lead in one of the world's best mining jurisdictions."
No further action is required by existing shareholders with respect to the name change. There is no change in the share capital of the Company. The Company's new CUSIP number is 828330100 and its new ISIN number is CA8283301007. Certificates representing common shares of the Company will not be affected by the name and symbol change and will not need to be exchanged.
About OrganiMax Nutrient Corp.
The Company is a brownfields exploration company focused on its flagship Ranger-Page Project (the "Project") located in the prolific Silver Valley of Idaho, 60 kilometres east of Coeur d'Alene and 1 kilometre from the I-90 freeway. Idaho was ranked the 9th best mining jurisdiction in the world in 2020 according to the Fraser Institute. The Project is strategically located bordering two large mines, Bunker Hill to the east and Page to the west. Five historic mines are on the Project with underground mining data and surface geological data supporting high grade silver-zinc-lead mineralization present within the shallow, undeveloped mines. These mines remain open at depth, and laterally along strike, with no modern systematic exploration applied to the Project.
The Company also has a 100%-owned interest in a lithium and potassium bearing salar complex comprising 4,059 hectares on three mineral concessions (the "Mexican Projects") located on the Central Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico. The inferred resource contains 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE) and remains open in all directions for expansion. The Company is led by an experienced group of mining, financing, and exploration specialists.
On behalf of the Board of Directors,
"Brandon Rook"
Brandon Rook, President & CEO, Director
For further information please contact us at:
604-800-4710
info@organimax.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
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