Nevada Zinc Announces Intention To Enter Into Strategic Partnership To Produce Zinc Oxide - Seite 2

Subject to further chemical and costing analysis the Company may have the production optionality to convert zinc oxide to zinc sulphate, a micro nutrient used in crop and animal feed production. The operational decision to convert zinc oxide to zinc sulphate would be subject to the relative market prices of zinc oxide and zinc sulphate from time to time. The market prices for both commodities are not directly correlated thereby creating potential price arbitrage opportunities based upon underlying price cyclicality in both markets.

About Nevada Zinc

Nevada Zinc is a development stage company focused on the production of zinc oxide from its Lone Mountain zinc deposit in Nevada. The Company, working closely with BelZinc, will be focused on completing project studies, including drilling, for the remainder of 2023 and 2024. Concurrently, the Company will begin the permitting process to establish both an open pit mining operation at Lone Mountain as well as a zinc oxide production plant adjacent to the Lone Mountain zinc deposit.  

For further information please contact:

Mike Wilson, President & CEO
T: [phone]
Email: [e-mail]

Don Christie, CFO
T: [phone]
Email: [e-mail]

Cautionary Statement

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 or accuracy of this release.

Forward-Looking Statements

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company will be required to complete a PEA and pre-feasibility study to confirm the project’s zinc oxide production flowsheet and project economics. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.