AsiaBaseMetals Adopts Semi-Annual Reporting
AsiaBaseMetals Adopts Semi-Annual
Reporting
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2026) -
AsiaBaseMetals Inc. (TSXV: ABZ)
("AsiaBaseMetals" or the "Company") announces that it has elected to rely on the exemptions provided
in CSA Coordinated Blanket Order 51-933 - Exemption to Permit Semi-Annual Reporting for Certain
Venture Issuers.
Accordingly, the Company will no longer file interim financial reports and related management's
discussion and analysis ("MD&A") for the first and third quarter interim periods as required by National
Instrument 51-102 - Continuous Disclosure Obligations.
The Company is eligible for this voluntary exemption as a venture issuer listed on the TSX Venture
Exchange, having its head office in British Columbia, and having annual revenue of no more than $10
million in its most recently completed financial year.
The Company will not file an interim financial report and related MD&A for the third quarter ending June
30, 2026.
The Company will now focus on filing annual financial statements and semi-annual interim financial
reports (covering the six-month period) and related MD&A, which will provide more efficient, cost-
effective reporting while maintaining compliance with all continuous disclosure requirements.
ABOUT ASIABASEMETALS INC.
AsiaBaseMetals Inc.
(TSXV: ABZ) (the "Company") is a growth-oriented publicly listed Canadian
resource company focused on acquiring and developing mineral assets in stable jurisdictions across the
Americas (focus: Canada, U.S.A., Mexico, Argentina, and Chile). The Company is actively pursuing
exceptional early-stage and advanced projects in the copper and gold sectors while prudently advancing
its existing assets, including the
Jervis Project
(100% owned) and the
Gnome Project
(100% owned), in
line with prevailing market conditions. The Company is anchored by an award-winning team —
combining
management
,
board of directors
, and
advisory board
collectively the "
Team
") — with a
proven track record of discoveries, development, production, and value creation. AsiaBaseMetals'
growth strategy is matched by the scale of the opportunities before it.
Jervis Project - VMS-style — Cu, Zn, Ag, Au — 100% owned, comprising contiguous ~ 1,000
hectares, British Columbia, Canada.
The Project having a 2 Km identified anomaly sits 55 Km
northwest on trend of the
Britannia Mine
(once the largest copper producer in the British Commonwealth)
within the VMS-prospective
geological trend of the Gambier Group rocks
, which also hosts the
Rox
project
(20 Km northwest of Jervis) held by Kenorland Minerals Ltd., a successful project generator.
Jervis Project is located approximately 80 km northwest of Vancouver, BC, and 11 km north of the
community of Egmont on the Sunshine Coast; within the traditional territory of the
Shíshálh First Nation
.
The Company, as required, completed the
Mineral Claims Consultation Framework (MCCF)
in July
2026.
Gnome Project - Zn / Co — 100% owned, comprising contiguous ~ 1,800 hectares, British
Columbia, Canada.
Gnome, a highly prospective project, is strategically located in the Kechika Trough
of the regionally extensive Selwyn Basin. The Selwyn Basin is recognized as one of the world's most
prolific sedimentary basins for sedimentary exhalative (SEDEX) zinc-lead-silver and stratiform barite
deposits and hosts several significant deposits.
Gnome lies approximately 35 km southeast along trend
of the Cirque deposit (Teck / Korea Zinc joint venture, 50% each) and 15 kilometers southeast of ZincX
Resources' Cardiac Creek Deposit.
The Company plans to advance Gnome exploration prudently,
guided by the permitting timeline for the granting of mining permits on the adjacent Cirque and Cardiac
Creek projects.
For more information, please visit
www.asiabasemetals.com
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements
: Certain statements contained in this
news release constitute forward-looking statements within the meaning of Canadian securities
legislation. All statements included herein, other than statements of historical fact, are forward-looking
statements and include, without limitation, statements about the Company's adoption of semi-annual
financial reporting. Often, but not always, these forward-looking statements can be identified by the use
of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed",
"projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained",
"reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or
"should" occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from
any results, performance or achievements expressed or implied by forward-looking statements. Such
uncertainties and factors include, among others, whether the Company will continue to meet the SAR
pilot program eligibility criteria; changes in general economic conditions and financial markets; the
Company not having the financial ability to meet its exploration and development goals; risks associated
with the results of exploration and development activities, estimation of mineral resources and the
geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other
risks detailed from time to time in the Company's quarterly and annual filings with securities regulators
and available under the Company's profile on SEDAR+ at
www.sedarplus.ca
.
Although the Company
has attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and
opinions of management, including but not limited to: that the Company will continue to meet the SAR
pilot program eligibility criteria; that the Company's stated goals and the planned exploration and
development activities at its properties will be achieved; that there will be no material adverse change
affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking
statements are made as of the date hereof and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information, future events or results or otherwise,
except as required by law. There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, investors should not place undue reliance on forward-looking statements.
Contact Information
AsiaBaseMetals Inc.
Raj Chowdhry, Chief Executive Officer and President
Tel: (604) 765-2030
Email:
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https://www.newsfilecorp.com/release/312014