Salts for the Rechargeable Battery Sector

Salts for the Rechargeable Battery Sector Welcome to a Biomedical Battery specialist of the GE Battery
The Company cautions that the results from the metallurgical testwork discussed in this news release is preliminary in nature, and is based on technical and economic assumptions which will be evaluated in further studies. The PEA referred to in this report is based on the current (as at March 10, 2015) ICP estimated resource model, which consists of material in both the measured/indicated and inferred classifications. Inferred mineral resources are considered too speculative geologically to have technical and economic considerations applied to them outside the scope of a PEA with battery like GE DASH2000 Battery, GE DASH 3000 Battery, GE DASH 2000 Battery, GE DASH 4000 Battery, GE DASH 5000 Battery, GE MAC500 Battery, GE MAC-1000 Battery, GE MAC 1100 Battery, GE MAC 1200 Battery, GE PRO 1000 Battery, GE PRO 1006 Battery, GE PRO 1008 Battery, GE PRO 1009 Battery, GE SCP 915 Battery. The current basis of project information is not sufficient to convert the mineral resources to mineral reserves, and mineral resources that are not mineral reserves do not have demonstrated economic viability. Accordingly, there can be no certainty that the results estimated in the PEA will be realized.
In addition, this news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Statements in this news release pertaining to projected revenues and cash flows, quantity and grade of mineralized materials, estimated mineral prices and the continued expansion of the market for battery grade cobalt chemicals are forward-looking statements. These forward-looking statements are based on assumptions and address future events and conditions and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of the assumptions respecting projected revenue, cash flow and quantity of mineralized materials have been set out in detail in the Preliminary Economic Assessment filed on SEDAR on May 8, 2015. Such projections are and will inevitably always be dependent on assumptions about future mineral prices and development costs which will be subject to fluctuation due to global and local economic conditions. This news release also contains forward-looking statements respecting the growing demand for battery grade cobalt chemicals, which demand may or may not continue to grow depending on consumer habits and technological developments. Further information regarding risks and uncertainties which may cause results to differ from those contained in forward-looking statements is included in filings by the Company with securities regulatory authorities and is available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although the Company has disclosed that it has successfully produced cobalt sulfate heptahydrate crystals on a bench scale level, from cobalt solvent extraction strip solution from the Company's ICP, there is no guarantee that the Company will attain commercial production of such crystals for use in the rechargeable battery sector. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.
The statements contained in this news release in regard to Formation Metals Inc. that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Metals Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to Formation Metals Inc. as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.