Argyle Resources Recognizes Canada's Decision to Include Silicon on the Critical Element List and Intention to Pursue a Technical Report 43-101 on Its Silica Assets in Quebec
Argyle Resources Recognizes Canada's
Decision to Include Silicon on the Critical
Element List and Intention to Pursue a
Technical Report 43-101 on Its Silica Assets in
Quebec
Calgary, Alberta--(Newsfile Corp. - July 17, 2024) -
Argyle Resources Corp
.
(CSE: ARGL) (FSE:
ME0)
commends the recent decision by the Canadian government on June 10, 2024 to include silicon
on the Critical Minerals List. This designation underscores silicon's pivotal role in various high-tech and
green technologies, positioning it as a strategic resource essential for national security and economic
stability.
Silicon, a fundamental component in semiconductors and solar panels, plays a crucial role in advancing
innovation across multiple industries, including telecommunications, electronics, and renewable energy.
Its inclusion on the critical elements list reflects its irreplaceable value in supporting technological
advancements critical to global competitiveness and sustainability efforts.
"In addition to the inclusion of silicon on the Canadian 2024 Critical Minerals List, we are pleased to note
that silicon was previously added to the United States List of Critical Materials for Energy in 2023," said
Jeff Stevens, CEO of Argyle Resources Corp. "This dual recognition underscores silicon's essential role
in driving the next wave of technological advancements."
In conjunction with this milestone, the Company is pleased to announce its intent to pursue a Technical
Report 43-101 on its silica assets located in Quebec. This report will provide a comprehensive
assessment of the mineral potential on its properties and the potential economic viability of these
assets, further solidifying the Company's commitment to transparency and strategic development in the
silicon sector.
"The Technical Report 43-101 will enable us to showcase the potential value of our silica assets in
Quebec," added Jeff Stevens. "Upon completion, this will mark a significant step forward in our efforts to
enhance our position as a key player in the silica/silicon supply chain in North America."
The 2024 Critical Minerals List identifies minerals vital to the economic and national security interests of
Canada. This inclusion provides strategic guidance for policymakers and stakeholders, emphasizing the
importance of securing a stable supply chain for silicon amid global market dynamics.
Argyle Resources Corp remains committed to advancing sustainable practices and technological
innovation within the industry. The company's engagement of the National Institute of Scientific Research
("
INRS
") to conduct the 2024 summer and fall exploration programs on the Company's silica assets in
Quebec demonstrates the commitment to potentially identifying domestic high-grade silica and could
position the Company to meet the growing North American demand, spurred by silicon's new critical
mineral status.
ON BEHALF OF THE BOARD OF DIRECTORS
'Jeffrey Stevens'
President & CEO
George M. Yordanov, OGQ., P.GEO., an Independent Qualified Person ("QP") as such term is defined
by National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
, has reviewed and
approved the technical information reported in this news release.
About Argyle Resources Corp.
Argyle Resources Corp. is a junior mineral exploration company engaged in the business of acquiring,
exploring, staking and evaluating natural resource properties in North America. The Company currently
holds an option to acquire up to 100% of the Frenchvale Graphite Property located in Nova Scotia,
Canada and owns 100% interest in the Pilgrim Islands, Matapedia and Lac Comporte quartzite silica
projects in Quebec, Canada.
Argyle is engaged in a research partnership with the National Institute of
Scientific Research (INRS), a high-level research and training institute funded by the Quebec
government to conduct exploration programs on the Company's silica projects. The Company was
incorporated in 2023 and its head office is located in Calgary, Alberta, Canada.
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Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements". Such forward-
looking statements involve known and unknown risks, uncertainties and other factors that may cause
Argyle Resources Corp. actual results, performance or achievements, or developments in the
industry to differ materially from the anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Forward-Looking statements are statements that are not
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"anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that
events or conditions "will," "would," "may," "could" or "should" occur.
Although Argyle Resources Corp. believes the forward-looking information contained in this news
release is reasonable based on information available on the date hereof, by their nature, forward-
looking statements involve assumptions, known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by
such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks
and uncertainties associated with general economic conditions; adverse industry events; future
legislative and regulatory developments in the mining sector; the Company's ability to access
sufficient capital from internal and external sources, and/or inability to access sufficient capital on
favorable terms; mining industry and markets in Canada and generally; the ability of Argyle
Resources Corp. to implement its business strategies; competition; and other assumptions, risks and
uncertainties.
The forward-looking information contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, is subject to change after such date.
Readers should not place undue importance on forward-looking information and should not rely upon
this information as of any other date. While the Company may elect to, it does not undertake to update
this information at any particular time except as required in accordance with applicable laws.
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