High-Tech Metals Limited retracts Norpax acquisition announcement

High-Tech Metals Limited (ASX: $HTM) has issued a retraction statement regarding the announcement made on 6 September 2023 concerning the Company's acquisition of the Norpax Nickel Sulphide Deposit. The retraction specifically pertains to the historical non-JORC compliant resource referenced in the previous announcement. High-Tech emphasizes that investors should not rely on these statements as the results cannot currently be reported under the JORC (2012) Code. The Company has not independently validated the previous exploration results of Norpax and therefore is not to be regarded as reporting, adopting, or endorsing those results.

Executive Commentary on Norpax Retraction

The retraction of the Norpax acquisition announcement is a necessary step to ensure transparency and compliance with reporting standards. High-Tech Metals remains committed to upholding the highest standards of accuracy and integrity in its disclosures. We urge investors to exercise caution and refrain from relying on the previously announced information related to Norpax until such time as it can be reported in compliance with the JORC (2012) Code.

Summary of Norpax Retraction and Outlook

High-Tech Metals Limited (ASX: $HTM) has retracted the reference to the Norpax Nickel Sulphide Deposit, specifically the historical non-JORC compliant resource, emphasizing that investors should not place reliance on these statements. The Company has not independently validated the previous exploration results of Norpax and therefore is not to be regarded as reporting, adopting, or endorsing those results. Looking ahead, High-Tech Metals remains focused on the exploration and development of its flagship Werner Lake Cobalt Project located in north-western Ontario. The Company continues to prioritize transparency and compliance with reporting standards to provide accurate and reliable information to its stakeholders.