Press Release
TORONTO, March 22, 2024 – Treasury Metals Inc. (TSX: TML; OTCQX: TSRMF) (“Treasury” or the “Company”) is pleased to announce the filing of its annual financial statements, management’s discussion and analysis and annual information form (together, the “Annual Filings”) for the year ended December 31, 2023.
Copies of the Annual Filings, which include information regarding the Company’s financial position, operations and projects for the fiscal year, are available under the Company’s profile at www.sedarplus.ca, and are also posted on the Company’s website at www.treasurymetals.com.
Jeremy Wyeth, President and CEO, stated: “2023 was a progressive year for the Company and our team, which managed to accomplish several milestones in the development of our projects, including successfully completing a prefeasibility study for the Goliath Gold Complex which demonstrated a robust base case assessment for developing the Goliath Gold Complex as an open pit and underground mining operation, with significant leverage to higher commodity prices. Our focus for 2024 will be towards the continued advancement of the Goliath Gold Complex, through the advancement of permitting and community consultations, with the goal to pursue additional value enhancement opportunities.”
2023 Corporate Highlights
Additional details on these corporate highlights can be found in the Annual Filings.
Corporate Update
The Company also announces the resignation of Frazer Bourchier from the Board of Directors (the “Board”) of the Company, effective March 21, 2024.
Mr. Bourchier, who joined the Board in August 2020 as a nominee of First Mining Gold Corp. under the Investor Rights Agreement between the Company and First Mining, is leaving the Board to focus on his increasing professional commitments. “On behalf of the Treasury Metals team, we thank Frazer for his valuable contributions to the Company and wish him future success. His experience and perspective have been of great value to the Board during his tenure,” stated James Gowans, Chairman of the Board.
About Treasury Metals Inc.
Treasury Metals Inc. is a gold-focused company with assets in Canada. Treasury’s Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario. The deposits benefit substantially from excellent access to the Trans-Canada Highway, related power and rail infrastructure and close proximity to several communities including Dryden, Ontario. For information on the Goliath Gold Complex, please refer to the technical report, prepared in accordance with NI 43–101, entitled “Goliath Gold Complex – NI 43–101 Technical Report and Prefeasibility Study” and dated March 27, 2023 with an effective date of February 22, 2023, led by independent consultants Ausenco Engineering Canada Inc. The technical report is available on SEDAR+ at www.sedarplus.ca, on the OTCQX at www.otcmarkets.com and on the Company website at www.treasurymetals.com.
The Company also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. Treasury Metals is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community well-being. For further details about Treasury, please visit the Company’s website at www.treasurymetals.com.
Contacts:
Jeremy Wyeth
President & CEO
T: +1 416-214-4654;
Email: ir@treasurymetals.com
Orin Baranowsky
Chief Financial Officer
Toll-free: +1-855-664-4654
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