Supernova Initiates NI51-101 Report on Offshore License in Orange Basin, Namibia
(TheNewswire)
February 6, 2025, Vancouver, BritishColumbia – TheNewswire- Supernova Metals Corp. (the “Company”)SSUPR (OTC:ABETF) (Frankfurt:A1S.F) is pleased to announce thatit has engaged 05 Management Ltd. UK and Pioneer Oil and GasConsulting Ltd. to prepare a NI51-101 technical report on its recentlyacquired 8.75% indirect ownership interest in Block 2712A located inthe Orange Basin, offshore Namibia.
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About the Orange Basin
Namibia is under-explored with less than 25 offshorewells drilled along a coastline of some 1,300 km. The Orange Basin, offshore Namibia, is rapidly emerging asone of the most promising oil and gas exploration frontiers, withsignificant hydrocarbon potential. Located along the AtlanticOcean’s southwestern coast, the basin has attracted majorinternational energy companies due to its vast untapped resources.Recent discoveries, particularly in deep-water areas, have revealedsubstantial oil and gas reserves, sparking a wave of investment in theregion. In 2025, a remarkable capital influx is expected, withbillions of dollars being deployed in exploration, development, andinfrastructure. This surge in investment underscores Namibia's growingsignificance in the global energy landscape, making it a key player inthe future of hydrocarbons. With its favorable geological conditions,modern exploration technologies, and supportive regulatoryenvironment, the Orange Basin is poised to be a critical contributorto global energy supplies in the years to come.
On Behalf of the Board ofDirectors
Sean McGrath
Chief Executive Officer
T: 604.737.2303
E: info@supernovametals.com
Forward-Looking Statements:
This news release containsforward-looking statements and forward-looking information(collectively, “forward-looking statements”) within the meaning ofapplicable Canadian legislation. Forward-looking statements aretypically identified by words such as: “believes”, “expects”,“anticipates”, “intends”, “estimates”, “plans”,“may”, “should”, “would”, “will”, “potential”,“scheduled” or variations of such words and phrases and similarexpressions, which, by their nature, refer to future events or resultsthat may, could, would, might or will occur or be taken or achieved.All statements in this news release that are not purely historical areforward-looking statements and include statements regarding beliefs,plans, expectations and orientations regarding the future. Althoughthe Company believes that such statements are reasonable and reflectexpectations of future developments and other factors which managementbelieves to be reasonable and relevant, the Company can give noassurance that such expectations will prove to be correct. In makingthe forward-looking statements in this news release, the Company hasapplied several material assumptions, including without limitation,that market fundamentals will support the viability of miningexploration, the receipt of any necessary permits, licenses andregulatory approvals in connection with the future exploration of PEL107, and the availability of and the ability to retain and attractqualified personnel. Other factors may also adversely affect thefuture results or performance of the Company, including generaleconomic, market or business conditions, future prices of minerals,changes in the financial markets and in the demand for minerals,changes in laws, regulations and policies affecting the mineralexploration industry, as well as the risks and uncertainties which aremore fully described in the Company's annual and quarterlymanagement's discussion and analysis and in other filings made by theCompany with Canadian securities regulatory authorities under theCompany's SEDAR+ profile. No assurance can be given that any of theevents anticipated by the forward-looking statements will occur or, ifthey do occur, what benefits the Company will obtain from them.Readers are cautioned that forward-looking statements are notguarantees of future performance or events and, accordingly, arecautioned not to put undue reliance on forward-looking statements dueto the inherent uncertainty of such statements. The Company does notundertake any obligation to update such forward‐looking information whether because of new information, futureevents or otherwise, except as expressly required by applicablelaw.
The Canadian Securities Exchange(operated by CNSX Markets Inc.) has neither approved nor disapprovedof the contents of this press release.
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