Ilulissat, 2012-09-10 07:45 CEST (GLOBE NEWSWIRE) -- “The Memorandum of Understanding is to encourage cooperation and to strengthen the relationship between the two companies. NunaMinerals has a large exploration portfolio and setting up partnerships that could bring further technical and financial expertise to the development of exploration projects is a key element in NunaMinerals’ business model. The agreement could, in the longer term, result in the creation of cooperative agreements on a number of mineral projects”, says Ole Christiansen, CEO of NunaMinerals.
For additional information, please contact:
Ole Christiansen, CEO, phone +299 36 20 01, mobile +299 55 18 57
On behalf of the board
Ole Christiansen, CEO & Birks Bovaird, Chairman
NunaMinerals A/S is Greenland's leading company in the exploration of precious and base metals as well as strategic metals. Firmly rooted in Greenland, the company is well positioned to exploit the mineral potential of one of the world’s few remaining unexplored regions. The geology of Greenland has a number of similarities with that of long-established mining countries such as Canada, South Africa and Australia, which all have substantial mineral deposits of gold, platinum, nickel and copper, among other commodities. Setting up partnerships that would bring further technical and financial expertise to the development of the company’s exploration prospects is a key element of NunaMinerals’ business model. NunaMinerals began operations in 1999 and is headquartered in Nuuk, Greenland. The company is listed on NASDAQ OMX Copenhagen A/S under the symbol “NUNA” (Reuters code: NUNA.CO; Bloomberg code: NUNA:DC). For more information, please visit our website: www.nunaminerals.com.
Forward-looking statements contained in this announcement, including descriptions of NunaMinerals’ exploration and development projects, strategy and plans, as well as expectations for future revenue and earnings, reflect NunaMinerals’ current views and assumptions with respect to future events and are subject to certain risks, uncertainties and assumptions. There are many factors that may cause actual results achieved by NunaMinerals to differ materially from expectations for future results and expectations that may be expressed in or form an assumption of such forward-looking statements. Such factors include risks related to exploration, development and mining activities, uncertainties related to the results of NunaMinerals’ exploration and development projects, including risks of delays or closure of projects, price falls, currency fluctuations and changes in concession terms, legislation and administrative practices, as well as competition risk and other unforeseen factors. If one or more of such risks or factors of uncertainty were to materialise, or should one or more of the statements provided prove to be incorrect, actual developments may differ materially from the forward-looking statements contained in this announcement. NunaMinerals is not under any duty to update the forward-looking statements contained in this announcement or to adjust such statements to actual results, except as may be required by law.