TRU Provides Corporate Updates
TRU Provides Corporate Updates
TORONTO, ONTARIO – May 2, 2024 – TRU Precious Metals Corp. (TSXV:TRU) (“TRU”
or the “Company”) is pleased to announce that it has published and filed its Unaudited Condensed
Interim Financial Statements and Management Discussion & Analysis for the three months ending
March 31, 2024 (the “Q1 2024 Financials”), which are available for download on the Company’s
SEDAR-Plus profile page at sedarplus.ca. Highlights of the Q1 2024 F inancials include $ 2.3
million in cash and $2.4 million in working capital.
The Company also announces that, subject to regulatory approval, today it has granted an
aggregate of 2,300,000 incentive stock options (the “Options”) to certain of its directors, officers,
and consultants in accordance with the Company’s stock option plan. The Options vest
immediately and are exercisable at a price of $0.05 per share for a period of three years. The
Options are subject to a 4 -month hold period from the date of issuance in accordance with stock
exchange policies.
About TRU Precious Metals Corp.
TRU (TSXV:TRU) is on a mission to build long -term shareholder value through prudent natural
resource property development and transactions. TRU is exploring for gold and copper in the
highly prospective Central Newfoundland Gold Belt on its 100% -owned Golden Rose Project,
originally optioned from TSX-listed Altius Minerals. Golden Rose is a regional-scale 264.25 km2
land package, including 45 km of strike length along the deposit -bearing Cape Ray - Valentine
Lake Shear Zone, directly between Calibre Mining’s Valentine Gold Project and Matador Mining’s
Cape Ray Gold Project. In addition, TRU has an option to acquire up to an aggregate 65%
ownership interest in two claim packages covering 33.25 km2 including a 12 km strike length along
the Shear Zone within Golden Rose. TRU is approximately 37% -owned by European strategic
investor Ormonde Mining plc (AQSE:ORM).
TRU is a portfolio company of Resurgent Capital Corp. ("Resurgent"), a merchant bank providing
venture capital markets advisory services and proprietary financing. Resurgent works with
promising public and pre -public micro -capitalization companies listing on Canadian stock
exchanges. For more information on Resurgent and its portfolio companies, please visit
Resurgent's website at https://www.resurgentcapital.ca/ or follow Resurgent on LinkedIn at
https://ca.linkedin.com/company/resurgent-capital-corp.
For further information about TRU, please contact:
Joel Freudman
Co-Founder & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: [email protected]
To connect with TRU via social media, below are links:
Twitter: https://twitter.com/TRUMetals
YouTube: https://www.youtube.com/@TruMetalsCorp
LinkedIn: https://www.linkedin.com/company/tru-precious-metals-corp/
Instagram: https://www.instagram.com/TRUMetals/
Facebook: https://www.facebook.com/TRUMetals/
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support
through the Junior Exploration Assistance Program and the Federal Government for its critical
mineral assistance funding for the exploration activities at the Golden Rose Project.
Forward-Looking Information
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This press release contains certain forward -looking statements, including those relating to
regulatory approval. These statements are based on numerous assumptions believed by
management to be reasonable in the circumstances and are subject to a number of risks and
uncertainties described in the Company’ s continuous disclosure documents. Actual results may
differ materially from results contemplated by the forward -looking statements herein. Investors
and others should carefully consider the foregoing factors and should not place undue reliance on
such forward-looking statements. The Company does not undertake to update any forward-looking
statements herein except as required by applicable securities laws.