Artemis budget...all you have to do is ask! Regarding the $400 million shelf prospectus.....try asking the company before you shoot off your pie hole.
Filing a base shelf prospectus is fairly standard practice as it allows the filer to go to market quicker and more cost-effectively when there is strong share price support. The filing of a base shelf prospectus does not in of itself mean that we are going to issue shares or debt and because the filing is a non-event from a market point of view, it does not trigger a news release. However, the base shelf prospectus was filed on March 23, 2023, is available on the Company’s SEDAR profile (
Associated Documents (sedar.com)) and is valid for a period of 25 months.
Regarding the budget of the 2021 feasibility study and our cost expectations: the study precision was +15%/-10% (see section 1.26 of the study). We continue to monitor our capital cost estimates and currently maintain that guidance. As it relates to the impact of inflation, we have shared much of that risk with our EPC contractor(s) and expect that about half of the initial capital cost will be on a fixed price basis.