Website now Launched, Corporate Update Next Week
Clean Energy Transition Inc.
Completes Pivot - transition.inc
Website now Launched,
Corporate Update Next Week
TORONTO, ON / ACCESSWIRE / June 7, 2024 / Clean Energy Transition
Inc. (formerly Rogue Resources Inc.) (TSXV:TRAN) ("transition.inc" or the
"Company") is pleased to announce that it has completed the final steps in its
previously announced pivot to a new focus, looking for opportunities broadly
across the energy transition. In line with that pivot the Company has
developed a basic website- transition.inc, through which we will share
information with investors and other stakeholders as our businesses develop.
Management plans to post a Corporate Update to www.transition.inc at 5pm
Eastern time on June 12th, 2024. Investors and/or other stakeholders are
encouraged to send questions in advance, via the submission form on
transition.inc.
In addition, the Company has completed two transactions. In May the
Company returned the Bobcaygeon Quarry (not operating) to the original
vendor from whom the asset was acquired in 2019. Related to this disposition,
the Company's $700,000 Vendor Mortgage has been discharged. In
combination with the sale of the Orillia Quarry (see News Release dated
February 23, 2024) this marks the end of the Rogue Stone business. Today the
Company closed on the acquisition of an Ontario mining lease for $150,000 in
cash consideration and should a feasibility study compliant with National
Instrument 43-101 Standard of Disclosure for Mineral Projects be filed, the
Company will subsequently issue 1M shares and provide a 1% net smelter
return royalty to the vendor. The Transaction constitutes an "Expedited
Acquisition" in accordance with Policy 5.3 of the TSXV.
About Clean Energy Transition Inc.
Clean Energy Transition Inc., or transition.inc is focused on opportunities to
generate positive cash flow, across the energy transition. The Company
includes a Quartz division- focused on advancing its silica/quartz business
with the Snow White Project in Ontario and the Silicon Ridge Project in
Québec. The silica in high-quality quartz can be used to make silicon metal, a
key component in solar energy panels.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information. Such forward-
looking statements or information are provided for the purpose of providing
information about management's current expectations and plans relating to
the future. Readers are cautioned that reliance on such information may not
be appropriate for other purposes. Any such forward-looking information
may be identified by words such as "anticipate", "proposed", "estimates",
"would", "expects", "intends", "plans", "may", "will", and similar expressions.
Forward-looking statements or information are based on a number of factors
and assumptions which have been used to develop such statements and
information, but which may prove to be incorrect. Although the Company
believes that the expectations reflected in such forward-looking statements
or information are reasonable, undue reliance should not be placed on
forward-looking statements because the Company can give no assurance
that such expectations will prove to be correct. The forward-looking
information in this press release reflects the current expectations,
assumptions and/or beliefs of the Company based on information currently
available to the Company. Any forward-looking information speaks only as of
the date on which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking information, whether as a result of new information, future
events or results or expressly qualified by this cautionary statement.
Contact Information
For further information, visit www.transition.inc
Or contact: Sean Samson, President & CEO at:
Clean Energy Transition Inc.
200 - 150 King St. W.
Toronto, ON M5H 1J9
(647) 243-6581
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 of this release.
SOURCE: Clean Energy Transition Inc.