Hilo Mining Announces Formation of Technical Committee and Proposed Name Change
Hilo Mining Announces Formation of
Technical Committee and Proposed Name
Change
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2023) - Hilo Mining Ltd. (TSXV: HILO) ("
Hilo
Mining
" or the "
Company
") is pleased to announce that it has formed a technical committee (the
"
Technical Committee
") to review and consider an exploration program for its Finnish lithium project
(the "
Project
").
Further to the Company's news release issued on March 20, 2023, the Company has entered into an
earn-in agreement (the "
Earn-In Agreement
") to earn up to an 80% interest in the Project, which is
wholly owned by Capella Minerals Limited ("
Capella
"). Pursuant to the terms of the Earn-In Agreement,
the Technical Committee is comprised of two representatives of the Company, being Jeremy Poirier
and Tim Henneberry, and one representative of Capella, being Eric Roth.
The Company also announces that it is proposing to change its name to European Energy Metals Corp.
The Company anticipates changing its stock symbol in connection with the name change. The name and
stock symbol change remain subject to the approval of the TSX Venture Exchange. The Company will
announce the effective date for the name change and the stock symbol change in the coming days.
About Hilo Mining Ltd.
Hilo Mining Ltd. is a junior mining company focused on the electrification and global decarbonization
process through the exploration and development of its portfolio of five lithium and rare-earth element
projects in Finland covering over 2,300 square kilometres. The company is also working on the Champ
precious metal property near Castlegar, British Columbia.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier, CEO
Telephone: 604-722-9842
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.
Forward-Looking Information
This press release contains forward-looking information (within the meaning of applicable Canadian
securities legislation) that involves various risks and uncertainties regarding future events. Such forward-
looking information includes statements based on current expectations involving a number of risks and
uncertainties and such forward-looking statements are not guarantees of future performance of the
Company, and include, without limitation, statements relating to plans for exploration of the Project and
the Company's proposed name and stock symbol change. There are numerous risks and uncertainties
that could cause actual results and the Company's plans and objectives to differ materially from those
expressed in the forward-looking information in this news release, including without limitation, the
following risks and uncertainties;; (i) risks inherent in the mining industry; (ii) regulatory and environmental
risks; (iii) results of exploration activities and development of mineral properties; (i) risks relating to the
estimation of mineral resources; (v) stock market volatility and capital market fluctuations; and (vi)
general market and industry conditions. Actual results and future events could differ materially from those
anticipated in such information. This forward-looking information is based on estimates and opinions of
management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about
the Company's business are more fully discussed in the Company's disclosure materials filed with the
securities regulatory authorities in Canada at
www.sedar.com
. The Company assumes no obligation to
update any forward-looking information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/162315