Rover Metals Announces Fundamental Research Has Published an Updated Report
Rover Metals Announces Fundamental Research Has Published an Updated
Report
VANCOUVER, British Columbia, Feb. 14, 2022 -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4XO)
(“Rover” or the “Company”) is pleased to announce that Fundamental Research Corp. (“FRC”) has published their updated
analyst report on Rover, dated January 2022. The report can be accessed here: https://www.researchfrc.com/company/rover-
metals-corp/
FRC is one of the largest issuer-paid independent stock market research firms in the world, with a 17-year track record of
covering 550+ companies. As of December 14, 2020, FRC’s top picks were up 55.6% on average since the initiation of
coverage.
Judson Culter, CEO at Rover Metals, states “Rover Metals operates in a prolific mining jurisdiction in the southern Northwest
Territories (“NT”). Three weeks ago, our neighbour, Fortune Minerals, announced its intent to acquire a refinery location north
of Edmonton, AB . The infrastructure needed to bring the NT’s next gold mine into production, looks to soon be in place. The
proposed location for Fortune’s NICO processing facility is located 40km northwest of Rover’s Cabin Gold Project, along the
recently constructed Tlicho All Season Road (“TASR”). TASR opened to the public in November 2021. Rover plans to send
samples of its drill core, from its Cabin Gold Project , to the lab for metallurgic testing in H1 of this year. The goal of the
testing will be to determine the recovery flotation rates for the ore at Cabin. The next step, after receiving the metallurgical
results, would be to work with Fortune to determine the possible economics of a processing agreement.
Winter Phase 3 Exploration, at our Cabin Gold Project, is expected to commence soon. The Company will be issuing an
updating release in the coming days.”
Advisory Agreements
The Company has issued 218,840 common shares, for the settlement of $12,500 in trade payables, for consulting services
provided in Q4-2021, pursuant to pre-approved shares for services agreements. The services were provided by two advisors to
the Company. Only one of these shares for services agreements will continue into 2022. The shares bear the minimum four-
month regulatory hold period from the date of issuance.
Investor Relations
The Company has renewed its agreement with Momentum Public Relations Inc. (“Momentum PR”) for investor relations
services for another six months through to July 31, 2022. Pursuant to the renewal agreement, Momentum PR will be granted
600,000 incentive stock options, pursuant to the Company’s shareholder approved Stock Option Plan. The incentive stock
options have been granted in three tranches as follows: 200,000 options with an exercise price of $0.06, 200,000 options with
an exercise price of $0.075, and 200,000 options with an exercise price of $0.09.
About Rover Metals
Rover is a precious metals exploration company specialized in North American precious metal resources, that is currently
advancing the gold potential of its existing projects in the Northwest Territories of Canada (60 th parallel). The Company
commenced Phase 2 Exploration at its 100% owned Cabin Gold Project in Q3-2021, and the analysis and reporting of the
Phase 2 Exploration work at Cabin Gold continues through to the date of this release. The Company anticipates commencing
its Phase 3 Exploration Program at Cabin in March of this year.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: [email protected]
Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking Information
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 Rover's 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 historical
facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or
"should" occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could
differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these
forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover
undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS
RELEASE.