Midnight Sun Confirms Kazhiba Licence Renewal
Midnight Sun Confirms Kazhiba Licence Renewal
Vancouver, British Columbia, December 23 , 2024 . Midnight Sun Mining Corp . (TSXV:
MMA / OTC: MDNGF) (“Midnight Sun” or the “Company ”) is pleased to announce that, per
an online public notice dated December 20 , 2024, the renewal application for Large Scale
Exploration Licence 21509 -HQ-LEL (the “Licence”), which includes the Kazhiba T arget, was
approved at the most recent meeting of the Mining Licensing Committee.
Midnight Sun ’s President & CEO, Al Fabbro, stated : “The Kazhiba licen ce issue has been
resolved, removing any concern as to the status of this critical component of our
exploration and development plans. We wish to once again thank the Zambian Ministry of
Mines and Minerals Development for their a ssistance in rectifying this matter, and our
valued shareholders for their patience and support. We now turn our focus to the many
exciting near -term catalysts ahead , starting with the completion and results of our
exploration program at Kazhiba. Working in collaboration with First Quantum Minerals, this
program is part of a larger , multi-target campaign aimed to define near-surface oxide
copper mineralization destined for Africa’s largest copper mining complex, Kansanshi,
located just a few kilometres from our pr operty. Near-term production and potential cash-
flow provides incredibly rare optionality to our Solwezi Project, and a non-dilutive path
toward the continued exploration of our underlying sulphide copper targets at Kazhiba,
Mitu and Crunch.”
KoBold Earn-In – Longstop Removal
Midnight Sun and KoBold Metals Company have agreed to amend the previously
announced earn-in agreement ( see news release dated February 20 th, 2024 ) to remove the
longstop date to allow time for the two parties to receive the necessary Zambian regulatory
approvals to complete the final condition precedent of the agreement.
Qualified Person: Darin Labrenz, P.Geo., a Qualified Person under NI 43 -101, has reviewed
and approved the technical data and contents of this release.
About Midnight Sun
Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia.
Situated in the heart of the Zambia -Congo Copperbelt, the second largest copper
producing region in the world, our property is vast and highly prospective. Our Solwezi
Project is surrounded by world -class producing copper mines, including Africa’s largest
copper mining complex right next door, First Quantum’s Kansanshi Mine. Led by an
experienced geological team with multiple discoveries and mines around the world to their
credit, Midnight Sun intends to find and develop Zambia’s next generational copper
deposit.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Al Fabbro
President & CEO
For Further Information Contact:
Adrian O’Brien
Director of Marketing and Communications
Tel: +1 604 809 6890
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ADEQUACY OR ACCURACY OF THIS NEW RELEASE.
This news release contains “forward-looking statements” within the meaning of the applicable Canadian
securities legislation that are based on expectations, estimates, assumptions and projections as at the
date of this news release. The information in this news release that is not a historical fact may be
“forward looking statements”. Any statement that involves discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions, future events or performance ( which
may, but not always, include phrases such as “anticipates”, “plans”, “scheduled”, “believed” or “intends”
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“could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact
and may be forward-looking statements and are intended to identify forward-looking statements.
Although the forward- looking statements contained in this news release are based upon what
management believes, or believed at the time, to be reasonable assumptions, the Company cannot
assure readers that actual results will be consistent with such forward- looking statements, as there may
be other factors that cause results not to be as anticipated, estimated or intended. Such factors include,
among others, risks relating to the timing and ability of the Company to obtain and the timing of the
approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access
to the project; risks inherent in mineral exploration, including the fact that any particular phase of
exploration may be unsuccessful; geo-political risks; the global economic climate; metal prices;
environmental risks; political risks; and community and non-governmental actions. Neither the Company
nor any other person assumes responsibility for the accuracy and completeness of any such forward-
looking statements. The Company does not undertake, and assumes no obligation, to update or revise
any such forward- looking statements or forward -looking information contained herein to reflect new
events or circumstances, except as may be required by law.