(TheNewswire)
Vancouver, Canada – November 1, 2024 – TheNewswire – Green Bridge Metals Corporation (CSE: GRBM, OTCQB: GBMCF, FWB: J48, WKN: A3EW4S) ("Green Bridge" or the "Company") applauds the recent efforts by the United States to propose new sanctions targeting Russian palladium (Pd) and titanium (Ti) to the Group of Seven (G7) allies1. This recommendation, discussed among G7 deputy finance ministers in Washington, reflects the continued global commitment to limit Russia's influence over critical metals markets amidst the ongoing conflict in Ukraine. Green Bridge supports initiatives that enhance supply chain stability for strategic materials, while promoting sustainable and secure sources for essential industrial metals.
Both palladium and titanium are vital inputs across various high-tech and industrial applications, with palladium used in semiconductors and catalytic converters, and titanium essential to sectors like aerospace and medical manufacturing. Sanctions on these metals would mark a significant shift in Western strategies by directly challenging Russia’s role as a major supplier, especially as Russia's metals and mining company, Norilsk Nickel, supplies nearly 40% of the world’s palladium. The Company recognizes that such measures could mitigate dependency on Russian sources, fostering a more resilient market that benefits from diversified, ethical sourcing alternatives.
Green Bridge remains committed to advancing ethical and sustainable exploration of critical metals like titanium and platinum group elements (PGEs) outside of geopolitically sensitive regions, supporting the resilience of global supply chains. As a company focused on responsible exploration practices, Green Bridge is well-positioned to contribute towards identifying potential new sources of these essential metals, with the aim of ultimately contributing to secure, alternative supply options for North American and European markets.
Additionally, the Company is pleased to announce, further to its news release dated September 19, 2024, June 19, 2024 and March 14, 2024, that it has extended its engagement of MIC Market Information & Content Publishing (business address: Gerhart-Hauptmann-Str. 49B, 51379 Leverkusen, Germany; email: contact@micpublishing.de; telephone: +49 2171-7766628; and website: www.micpublishing.de ("MIC") for the provision of a range of online marketing services encompassing campaign creation, production of marketing materials, as well as research and analytics (the "Services"). The Services are expected to commence immediately and continue until February 1, 2025, or until budget exhaustion; provided, however, that the Services may be extended or shortened at the discretion of the Company depending on, among other things, the efficacy of the Services. The Company has agreed to pay to MIC EUR250,000 in consideration for the extension of Services. The Company has not provided any securities to MIC or its principals as compensation for the Services. The Services will occur via digital channels Google Ads and native advertising.
About Green Bridge Metals
Green Bridge Metals Corporation (formerly Mich Resources Ltd.) is a Canadian based exploration company focused on acquiring ‘battery metal’ rich mineral assets and the development of the South Contact Zone (the “Property”) along the basal contact of the Duluth Intrusion, north of Duluth, Minnesota. The South Contact Zone contains bulk-tonnage copper-nickel and titanium-vanadium in ilmenite hosted in ultramafic to oxide ultramafic intrusions. The Property has exploration targets for bulk-tonnage Ni mineralization, high grade Ni-Cu-PGE magmatic sulfide mineralization and titanium.
ON BEHALF OF GREEN BRIDGE METALS,
“David Suda”
President and Chief Executive Officer
For more information, please contact:
David Suda
President and Chief Executive Officer
Tel: 604.928-3101
investors@greenbridgemetals.com
Forward Looking Information
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the exploration and development of the South Contact Zone Properties, and the Company’s ability to identify any new potential mineral deposits within North America or otherwise.
Although management of the Company believe that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements in this news release include statements about: the Company’s ability to identify potential new mineral deposits within North America; the proposed scope and timing of expansion drilling programs; the timing and results (drill targets) of an upcoming VTEM airborne geophysical survey; and the development of the South Contact Zone Property. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These risk factors include, but are not limited to: locating mineral deposits is inherently risky; the proposed expansion drilling programs and upcoming VTEM airborne geophysical survey may not occur as currently contemplated, or at all; the exploration and development of the South Contact Zone Properties may not result in any commercially successful outcome for the Company; risks associated with the business of the Company; business and economic conditions in the mining industry generally; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time.
The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Certain figures and references contain information supported by public and corporate references that may have been updated, changed, or modified since their referenced date.
The CSE has not approved or disapproved the contents of this news release.
1 https://www.mining.com/web/us-asks-g-7-to-consider-sanctions-on-russian-palladium-titanium/
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