Canadian Metals receives a $1 million Government Grant
Canadian Metals Inc. CSE: CME
Canadian Metals receives a $1 million Government Grant
January 29, 2019. Montreal, Quebec- Canadian Metals Inc. (The “Company”) (CSE:
CME) is pleased to announce that the Ministry of the Economy and Innovation has
authorized funding to support the feasibility study for the construction of a silicon plant
in Baie-Comeau. This financial assistance, in the form of a grant of up to a maximum of
$1,000,000, will come from the Forest Industry Diversification Fund from Resolute
Canada Inc. (Fonds de diversification de l’industrie de PF Résolu Canada Inc.)
The non -refundable financial contribution agreement will be administered by
Investissement Québec , as agent of the Government of Québec and contains general
terms and conditions typical of this type of assistance program.
"This is wonderful news that demonstrates the government's endorsement for our
investment and development project for the Baie-Comeau region. This grant is significant
support in the execution of our feasibility study currently underway. We are privileged to
benefit from such assistance for the realization of our silicon project .’’ s aid Rene
Boisvert, president of The Company.
About Canadian Metals Inc.
Canadian Metals is a diversified resource company focused on creating shareholder value
through the development of large -scale industrial mineral portfolios in specific
commodities and jurisdictions that will fuel the new energy economy. The company is
uniquely positioned to pursue this strategy in silicon, precious and base metal assets.
For more information, please contact:
Sean Tufford
Vice President, Corporate Development
Email: [email protected]
Phone: (902) 818 -8807
René Boisvert
President,
Email: [email protected]
Stéphane Leblanc
Chief Executive Officer
Email: [email protected]
Website: www.canadianmetalsinc.com
Cautionary Statements Regarding Forward-Looking Information
Certain statements included herein may constitute “forward -looking statements”. All statements included in
this press release that address future events, conditions, or results, including in connection with the
prefeasibility study, its financing, job crea tion, the investments to complete the project and the potential
performance, production, and environmental footprint of the ferrosilicon plant, are forward -looking
statements. These forward-looking statements can be identified by the use of words such as “ may”, “must”,
“plan”, “believe”, “expect”, “estimate”, “think”, “continue”, “should”, “will”, “could”, “intend”,
“anticipate”, or “future”, or the negative forms thereof or similar variations. These forward -looking
statements are based on certain assumptio ns and analyses made by management in light of their
experiences and their perception of historical trends, current conditions, and expected future developments,
as well as other factors they believe are appropriate in the circumstances. These statements a re subject to
risks, uncertainties, and assumptions, including those mentioned in the Corporation’s continuous disclosure
documents, which can be found under its profile on SEDAR ( www.sedar.com). Many of such risks and
uncertainties are outside the control of the Corporation and could cause actual results to differ materially
from those expressed or implied by such forward -looking statements. In making such forward -looking
statements, management has relied upon a number of material factors and assumptions, on the basis of
currently available information, for which there is no insurance that such information will prove accurate.
All forward -looking statements are expressly qualified in their entirety by the cautionary sta tements set
forth above. The Corporation is under no obligation, and expressly disclaims any intention or obligation, to
update or revise any forward -looking statements, whether as a result of new information, future events or
otherwise, except as expressly required by applicable law.
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