Rover Announces Intent to Pursue Strategic Alternatives for its Cabin Gold Project
4 June 2024
Vancouver, British Columbia – (June 4, 2024) – Rover Critical Minerals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to announce the completion of a NI 43-101 Technical Report for its 100% owned Cabin Gold project (the “Cabin Technical Report”), NT, Canada.
The Company is also pleased to announce that it is considering strategic alternatives for its Cabin Gold project. In particular, the board of directors are considering a potential transaction pursuant to which the Company could potentially divest itself of the Cabin Gold project, either by way of a spin-out transaction, or by transacting with a Capital Pool Company (“CPC”), or a similar reverse take-over transaction. The Company has not yet identified a CPC, or other potential counterparties, or entered into any agreements in that regard. The Company anticipates disseminating a subsequent news release if and when a potential transaction is identified. Any transaction proposed to be undertaken by the Company will be subject to all requisite approvals, including the approval of the TSX Venture Exchange (“TSXV”) and, potentially, the Company’s shareholders.
Management of the Company do not intend to file the Cabin Technical Report on SEDAR+ until such time as they have entered into a definitive agreement with respect to a potential transaction. Parties that are able to introduce suitable transactions to the Company are invited to contact management if they wish to obtain a copy of the Cabin Technical Report.