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Artemis Gold executes final contract for process plant with Sedgman for C$318M

Date Closed

September 8, 2022

Lead Office

Vancouver

Value

318.00 Million CAD

On September 8, 2022, Artemis Gold Inc. ("Artemis") executed a final contract (the “EPC Contract”) for the EPC scope of works for the engineering, procurement, construction and commissioning of the processing plant and associated infrastructure at Artemis’s Blackwater project  with Sedgman Canada Limited (“Sedgman”).  The EPC Contract has been finalized at C$318 million.  The EPC Contract is supported by performance security including bank letters of credit which will underwrite the financial performance and obligations of Sedgman under the EPC Contract.  The EPC Contract supersedes the temporary interim service agreement announced on May 2, 2022.

Artemis is a growth-oriented gold development company aimed at creating shareholder value through the identification, acquisition and development of gold properties in mining-friendly jurisdictions.

McCarthy Tétrault assisted Artemis with a  team led by Morgan Troke that included Martha Harrison (International Trade and Investment) and Randy Schwartz (Tax).

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