Rogue Update: Sells Orillia Stone Quarry
Rogue Update: Sells Orillia Stone Quarry
TORONTO, ON / February 23, 2024 / Rogue Resources Inc. (TSXV:RRS) ("Rogue" or the
"Company") is pleased to announce the sale of its Orillia quarry. This transaction was part of the
Company's previously-announced sales processes for the Ontario stone quarries.
Over 15 quarters of operations, the Orillia quarry sold 53,828 tons of stone, for $4.92M of sales
for Rogue.
The property was sold for $1.85M, netting the Company $1.74M.
Rogue, as previously disclosed, has been managing a working capital deficit since 2019 and it
remains committed to continuing to address its financial situation in an orderly manner.
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any
commodity, it looks at rock value and quality deposits that can withstand all stages of the
commodity price cycle. The Company includes Rogue Quartz- focused on advancing its
silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in
Québec.
For more information visit www.rogueresources.ca or contact:
+1-647-243-6581
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain statements or disclosures relating to the Company that are
based on the expectations of its management as well as assumptions made by and information
currently available to the Company which may constitute forward-looking statements or
information ("forward-looking statements") under applicable securities laws. Forward-looking
statements are statements that are not historical facts and are generally, but not always,
identified by the words "believes", "anticipates", "expects", "plans", "intends", "target",
"estimates", "projects", "continue", "potential" and similar expressions, or are events or
conditions that "will", "would", "may", "could" or "should" occur or be achieved. In particular,
but without limiting the foregoing, this news release contains forward-looking statements
pertaining to the following: closing of future tranches of the Private Placement.
The forward-looking statements contained in this news release reflect several material factors
and expectations and assumptions of the Company including, without limitation: business
strategies and the environment in which the Company will operate in the future; commodity
prices; exploration and development costs; mining operations, drilling plans and access to
available goods and services and development parameters; regulatory restrictions; the ability of
the Company to obtain applicable permits; the ability of the Company to service its debt
obligations; the Company's ability to qualify for government funded support programs; the
Company's ability to raise capital on terms acceptable to it or at all; activities of governmental
authorities (including changes in taxation and regulation); currency fluctuations; the
unpredictable economic impact of the COVID-19 pandemic, including the acquisition of
equipment and recruitment of human resources required for the sales expansion; the global
economic climate; and competition.
The Company believes that the material factors, expectations and assumptions reflected in the
forward-looking statements contained in this news release are reasonable at this time but no
assurance can be given that these factors, expectations and assumptions will prove to be correct.
The forward-looking statements included in this news release are not guarantees of future
performance and should not be unduly relied upon. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking statements including,
without limitation, those risks identified in the Company's most recent annual and interim
management's discussion and analysis, copies of which are available on the Company's SEDAR
profile at www.sedar.com. Readers are cautioned that the foregoing list of factors is not
exhaustive and are cautioned not to place undue reliance on these forward-looking statements.
The forward-looking statements contained in this news release are made as of the date hereof
and the Company undertakes no obligations to update publicly or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, unless so required
by applicable securities laws. This news release does not constitute an offer to sell or a
solicitation of an offer to buy any securities in the United States of America. The securities have
not been and will not be registered under the United States Securities Act of 1933 (the "U.S.
Securities Act") or any state securities laws and may not be offered or sold within the United
States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S.
Securities Act and applicable state securities laws, or an exemption from such registration is
available.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies
of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Rogue Resources Inc.