Stone gross sales proceed, first constructive EBITDA


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  • Rogue Stone’s rise to energy continued with sturdy performances all through his first full winter season.
  • In Q3-2021, from November to January, Rogue Stone offered 6,914 tonnes, making $ 70 / tonne with a COGS of $ 37 / tonne
  • Up to now, Rogue Stone has offered over 25,000 tonnes, making almost $ 2 million in gross sales
  • Rogue achieved EBITDA of $ 72,193 this quarter (the primary constructive quarter because the firm launched in 1985)

TORONTO, ON / ACCESSWIRE / March 31, 2021 / Rogue Assets Inc. (TSXV: RRS) (“Rogue” or the “Firm”) is happy to report the continued progress of Rogue Stone with 6,914 tonnes[1] offered in Q3-2021, from November to January with a mean realized value per tonne of $ 70 and a price of products offered (“COGS”) of $ 37 / tonne. In whole, Rogue Stone has now offered over 25,000 tonnes, making almost $ 2 million in product sales.

Right now, the corporate filed its Q3-2021 monetary statements for the three months ended October 31, 2020 (out there on the Rogue web site or by way of the SEDAR submitting system). It was a historic quarter for the corporate, after 143 quarters of no revenue, the corporate achieved $ 72,193 in EBITDA.

“We’re happy with Rogue Stone’s efficiency to this point. We proceed to satisfy our manufacturing forecast and safely produce an ideal product for our clients.“mentioned Sean Samson, President and CEO of Rogue.”EBITDA begins out small nevertheless it’s a superb change from the previous and a step ahead in constructing a worthwhile enterprise.

About Rogue Assets Inc.

Rogue is a mining firm centered on producing constructive money circulation. Not tied to any commodity, it examines the worth of rock and high quality deposits that may face up to all levels of the commodity value cycle. The corporate contains Thief stone the sale of quarry limestone for panorama functions at two working quarries in Ontario; Rogue quartz centered on advancing its silica / quartz actions with the Snow White venture in Ontario and the Silicon Ridge venture in Quebec; Thief timmins with the gold potential of Radio Hill and a stake within the personal firm Nickel EV, whereas exploring within the Shaw Dome.

Certified individual

The corporate’s tasks are underneath the direct technical supervision of Paul Davis, P.Geo., And vp of the corporate. Mr. Davis is a certified individual inside the which means of NI 43-101. It has reviewed and accredited the technical info contained on this press launch. There are not any elements identified that would materially have an effect on the reliability of the knowledge verified by Mr. Davis.

For extra info go to www.rogueresources.ca or contact:

+ 1-647-243-6581
[email protected]

Warning concerning forward-looking statements:

This press launch accommodates sure statements or disclosures referring to the corporate that are based mostly on the expectations of its administration in addition to assumptions and data at the moment out there to the corporate which can represent forward-looking statements or info (“forward-looking statements”)). underneath relevant securities legal guidelines. Ahead-looking statements are statements which aren’t historic information and that are typically, however not all the time, recognized by the phrases “believes”, “anticipates”, “expects”, “plans”, “intends” , “Goal”, “estimate”, “tasks”, “proceed”, “potential” and related expressions, or are occasions or circumstances which “will”, “could be”, “might”, “might” or “ought to” »Occur or be made. Particularly, however with out limiting the foregoing, this press launch accommodates forward-looking statements referring to the next: closing of future tranches of the personal placement.

The forward-looking statements contained on this press launch mirror a number of vital elements and expectations and assumptions of the Firm, together with: enterprise methods and the surroundings wherein the Firm will function sooner or later; commodity costs; exploration and improvement prices; mining operations, drilling plans and entry to out there items and providers and improvement parameters; regulatory restrictions; the corporate’s capability to acquire relevant permits; the corporate’s capability to honor its money owed; the corporate’s capability to qualify for presidency funded assist applications; the corporate’s capability to boost capital on phrases it deems acceptable or by no means; the actions of presidency authorities (together with modifications in taxation and rules); foreign money fluctuations; the unpredictable financial influence of the COVID-19 pandemic, together with the acquisition of apparatus and the recruitment of human sources essential to develop gross sales; the worldwide financial local weather; and competitors.

The Firm believes that the vital elements, expectations and assumptions mirrored within the forward-looking statements contained on this press launch are affordable presently, however there could be no assurance that such elements, expectations and assumptions will show to be right. The forward-looking statements included on this press launch will not be ensures of future efficiency and shouldn’t be improperly relied upon. These forward-looking statements contain identified and unknown dangers, uncertainties and different elements which will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements, together with, with out limitation, the dangers recognized. administration’s dialogue and evaluation within the firm’s newest annual and interim report, copies of which can be found on the corporate’s SEDAR profile at www.sedar.com. Readers are cautioned that the above listing of things shouldn’t be exhaustive and shouldn’t place undue reliance on these forward-looking statements.

The forward-looking statements contained on this press launch are made as of the date hereof and the Firm assumes no obligation to publicly replace or revise any forward-looking statements, whether or not on account of new info, future occasions. or in any other case, until required. by relevant securities legal guidelines. This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase any securities in the USA of America. The securities haven’t been and won’t be registered underneath the USA Securities Act of 1933 (the “US Securities Act”) or any state securities legal guidelines and is probably not provided or offered in the USA or to US nationals (as outlined within the US Securities Act) until registered underneath the US Securities Act and relevant state securities legal guidelines, or an exemption from such registration is out there.

Neither TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of TSXV) accepts accountability for the adequacy or accuracy of this press launch.

[1] The commerce in panorama stones is carried out utilizing imperial “tons” in contrast to base metals and industrial minerals (together with nickel and quartz, as additionally lined on this press launch), which use metric “tons”. .

SOURCE: Rogue Assets Inc.

See the supply model on accesswire.com:
https://www.accesswire.com/638527/Rogue-Replace-Robust-Stone-Gross sales-continue-first-Constructive-EBITDA

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