|Bid||0.76 x 0|
|Ask||0.85 x 0|
|Day's Range||0.80 - 0.80|
|52 Week Range||0.40 - 1.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Karmin Exploration Inc. (“Karmin”) (KAR.V) (Lima Stock Exchange:KAR) is pleased to provide a progress update on its 30% owned Aripuanã Zinc Lead Copper Silver Project (“Aripuanã”), including an update on current concentrate market conditions. Karmin has a 30% carried interest in Aripuanã, which is a main growth project being run by its partner Nexa Resources S.A. (“Nexa”) and is not required to contribute to the project costs until one year after the completion of a feasibility study and notification from Nexa that the development of Aripuanã will proceed. Nexa directly and indirectly owns the remaining 70% in Aripuanã. Karmin has commercial rights proportional to its 30% interest in Aripuanã’s lead, copper, silver and gold production. Nexa has rights of first refusal on Karmin’s 30% of the zinc production. As part of its strategic alternatives (as described below) Karmin would consider the use of its participation rights on the silver and gold production to provide flexibility to potentially raise capital in the form of stream financing for future funding requirements and/or maximizing Karmin shareholder’s value.
Karmin Exploration Inc. (“Karmin”) (TSXV and the Lima Stock Exchange: KAR) is pleased to announce that the Preliminary Licence to develop Aripuanã Zinc Lead Copper Silver Project (“Aripuanã”) has been granted by the Environmental authorities of the State of Mato Grosso, Brazil (SEMA/MT) after the approval by the Environmental State Council (CONSEMA) in a session held on April 25, 2018. The Preliminary Licence certifies that Aripuanã complies with the requisite environmental regulations and is an important milestone in the development of Aripuanã.
Karmin Exploration Inc. is pleased to provide an update on its 30% owned Aripuanã Zinc Lead Silver Project including significant expenditures of US$8.4 million to the end of the third quarter of 2017.