Secova expands its reclamation portfolio
SECOVA EXPANDS ITS RECLAMATION PORTFOLIO
VANCOUVER, BRITISH COLUMBIA – June 8, 2022 – Secova Metals Corp. (“Secova” or the
“Company”) (CSE: SEK, Frankfurt: N4UP, OTC: SEKZF) is pleased to announce the signing of an
Option Agreement (“Option Agreement”) with Nepean Bay Joint Venture Inc. (“NBJV”). NBJV is
the legal and beneficial owner of the land use permit of 2.6 hectares within the bed of the Ottawa
River and the owner of any salable residuals from the land use permit (“LUP” or “the Ottawa River
Project”).
Under the Option Agreement, NBJV grants Secova the right to earn 50% interests in the Ottawa
River Project. Secova is required under the terms of the Option Agreement to pay to NBJV
$50,000 upon signing of the Option Agreement as well as to fulfill expenditure requirements for
the Ottawa River Project. The parties agreed that Secova will be the operator of the Ottawa River
Project.
Historically, industrial residue in the form of slag waste material, laboratory wastes, demolished
materials and some minerals of value have been discovered on the riverbed. In addition to the
historic findings, NBJV has completed an extensive bathymetric survey to identify high priority
sample areas.
Secova plans on using its expertise to consolidate the historic information and related data,
systematically lay out an exploration grid on the riverbed and then conduct a detailed sampling
program. These samples will be assayed to determine if there is potential for extraction of salable
residuals and, if economically viable materials are found, the Company will then develop a full-
scale extraction program. Secova’s initial sampling program is scheduled to commence on July 18,
2022.
Secova’s primary operating goal is to extract value for its shareholders from processing residual
materials while returning the environment to its natural state. The Company’s other restoration
project at Montauban is far advanced and should begin extracting gold and silver from the toxic
tailings on site upon completion of assembly of the processing mill.
In other corporate news, the Company has granted an aggregate of 8,550,000 Options and
1,950,000 RSUs to certain directors, officers, employees and consultants of the Company. The
Options granted are exercisable to purchase a common share in the capital of the Company (each,
a ”Share”) at a price of CAD$0.05 per Share, subject to vesting requirements. The RSUs shall vest
in accordance with the prescribed period under the RSU Plan. The Option Plan and RSU Plan were
approved by the shareholders of the Company on December 30, 2021.
Pour une traduction française de ce communiqué de presse, veuillez visiter notre site Web à
www.secova.ca.
About the Company
Secova Metals Corp. is a Canadian environmentally aware resource exploration and processing
company. Management has demonstrated expertise in advancing gold exploration projects into
acquisition targets, most notably in the province of Quebec. Secova’s principal restoration and
recovery project is the Montauban property situated in Quebec, just 80 kilometers west of
Quebec City. The Company’s main exploration focus is its 100% ownership of the Eagle River
project, which is adjacent to and on-trend to several gold projects in the Windfall Lake district of
Urban Barry in Quebec.
For more information on Secova Metals Corp. please contact [email protected], Tel: +1 604-803-
5229 or visit the website at www.secova.ca for the French version of this news release, past news
releases, 3D model of the Montauban processing plant, media interviews and opinion-editorial
pieces.
On behalf of the Board of Directors,
SECOVA METALS CORP.
“Paul Mastantuono”
Chief Operating Officer
Tel: +1 604-803-5229
Email: [email protected]
This press release contains "forward-looking information" that is based on the Company's current
expectations, estimates, forecasts, and projections. This forward-looking information includes,
among other things, statements with respect to the Company's exploration and development
plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended
to identify forward-looking information. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the Company's actual results, level
of activity, performance, or achievements to be materially different from those expressed or
implied by such forward looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept
responsibility for the adequacy or accuracy of this release.