$SRAFF : Black Butte Copper Project — Near Resource Drilling Assay Results Pending

Exploration drilling program completed to identify additional Mineral Resources in close proximity to planned infrastructure, with assay results expected in May 2021.

Legal Challenge

A legal challenge to the issuing of the Mine Operating Permit has been filed in the 14^th Judicial Court of Montana. The same parties have also objected to the Company’s leasing of mitigation water rights that have preliminary approval from the Montana Department of Natural Resources and Conservation (MT DNRC). The water rights have to be finalized prior to start of production.

To date, the legal challenge has not resulted in any interference with development activities and construction continues. While the Company does not believe that either of these challenges have any merit, they do have the potential to delay the development timeline. [SOURCE]