Conic Provides Update ON Ramu Operations and Announces TSX-V Listing
NEWS RELEASE TSX Venture: NKL
CONIC PROVIDES UPDATE ON RAMU OPERATIONS AND
ANNOUNCES TSX-V LISTING
TORONTO, ONTARIO, November 13, 2019 — Conic Metals Corp. (“ Conic” or the “Company”)(TSXV:
NKL) confirms that it has been notified by majority-owner and operator Metallurgical Corporation of China
Limited (“MCC”), that processing at the Ramu Pro cess Facility resumed over 2 weeks ago after a short
suspension to undertake remedial works, as was previ ously reported by the Company. The suspension of
activities was not the result of an environmental investigation as incorrectly reported by some media outlets.
The Company and PNG government took 11 independent sam ples after the incident that occurred in late
August and all sampling showed no lasting environmental impact. The statutory body in PNG responsible
for environment protection, Conservation and Enviro nment Protection Authority (“CEPA”), has declared
the marine environment in Madang Province normal with no evidence of toxic elements as a result of the
incident or Ramu’s ongoing operations.
MCC’s operating record at Ramu, now in its eighth year of production, continues to meet or exceed the
obligations of its environmental and social licenses, and MCC continues to work with all Papua New Guinea
government authorities in adopting a culture of contin uous improvement at Ramu to mitigate against any
future incidents. In addition, MCC monitors its wo rld class deep-sea tailings management system in full
compliance with the project’s Environment Permit. This includes quarterly reporting of water quality and
regular underwater inspections of system integrity. Also, studies are regularly conducted, in accordance
with the prescribed guidelines, to monitor biologi cal effects on marine life. The project has been in
compliance with its permits and obligations since its inception.
In addition, Conic is pleased to anno unce that the TSX Venture Exchange (“ TSX-V”) has issued its final
acceptance bulletin in respect of the listing of Conic’s common shares (the “ Conic Shares ”). It is
anticipated that the Conic Shar es will commence trading on the TSX-V on November 15, 2019 under the
symbol “NKL”.
Conic is a base metals investment company offering direct exposure to nickel and cobalt, both being critical
to electric vehicles and energy storage systems. Coni c was created pursuant to a plan of arrangement
between Cobalt 27 Capital Corp. and Pala Investme nts Limited completed effective October 25, 2019
pursuant to which Cobalt 27 Capital Corp. transferred certain assets to Conic, including an 8.56% joint-
venture interest in the Ramu Ni ckel-Cobalt Operation in Papua New Guinea, a low-cost, long-life,
producing nickel-cobalt mine and integrated refinery; a royalty portfolio on future projects; and certain
equity positions including equity in Giga Metals Corporation.
Additional details with respect to the business and asset s of Conic, the plan of arrangement and certain
other related matters are set out in Conic’s TSXV Listing Statement dated as of November 4, 2019, as well
as the management information circular of Cobalt 27 Capital Corp. dated August 13, 2019, as supplemented
on October 3, 2019, copies of which are all available under Conic’s profile on SEDAR at www.sedar.com.
About Conic
Conic Metals Corp. is a base metals company offering direct exposure to nickel and cobalt, both being
critical elements of electric vehicles and energy stor age systems. Conic holds an 8.56% joint-venture
interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New
Guinea which provides Conic with significant attributable nickel and cobalt production. In addition, Conic
manages a portfolio of 11 nickel and cobalt royalti es on development and exploration projects in Canada
and Australia. Conic will continue to invest in a batt ery metals-focused portfolio of streams, royalties and
direct interest in mineral properties containing batte ry metals. For more information, see Conic’s website
at www.conicmetals.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain information which constitutes ‘forward-looking statements’ and
‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements
that are contained in this news release that are not statements of historical fact may be deemed to be forward-
looking statements. Forward looking statements are often identified by terms such as “may”, “should”,
“anticipate”, “expect”, “potential”, “believe”, “int end” or the negative of these terms and similar
expressions. Forward-looking statements in this news release include, but are not limited to statements with
respect to: the business and assets of Conic and its strategy going forward; the timing for trading
commencement of Conic common shares on the TSX-V; and statements pertaining to future events or future
performance. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-
looking statements involve known and unknown risks and uncertainties, most of which are beyond the
Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking
statements materialize, or should assumptions underl ying the forward-looking statements prove incorrect,
actual results, performance or achievements could vary materially from those expressed or implied by the
forward-looking statements.
The forward-looking statements contained herein are made as of the date of this release and, other than as
required by applicable securities laws, the Company do es not assume any obligation to update or revise
them to reflect new events or circ umstances. The forward-looking statements contained in this release are
expressly qualified by this cautionary statement.
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. No securities regulatory authority has either approved or disapproved of the contents of this
news release.