TSX-V: EWK
VANCOUVER, BC, May 2, 2024
/CNW/ - Earthworks Industries Inc. (the "Company") wishes to
provide this update on the status of the development of its
integrated waste handling project at the Cortina Rancheria in
Colusa County, California. The
project is being developed by the Company's wholly owned U.S.
subsidiary, Cortina Integrated Waste Management Inc. (CIWM).
With federal approval, CIWM holds a lease of 443 acres of the
Kletsel Dehe Wintun Nation's Cortina Rancheria for the development
of an integrated waste handling operation, which includes a
material recovery system, composting, contaminated soil, and
landfill operations.
The Company previously reported that it has been waiting for the
United States Environmental Protection Agency (EPA) Region 9, to
complete its review for tentative approval of the remaining
Site-Specific Flexibility Requests (SSFRs) pursuant to EPA's Draft
Guidance for municipal waste landfills in Indian Country.
In a letter dated August 10, 2023,
EPA advised the Company that the comprehensive report would be
forwarded by year-end 2023 and acknowledged our patience. When the
year ended and no report was received, the Company inquired again
as to status and delay, and in January was advised by EPA that it
would be ready by quarter end (March
2024). When the March deadline passed an inquiry was made
once again. In the first week of April
2024, EPA apologized for the delay, and advised that the
report was being routed through management for signature.
On April 30th the
Company contacted EPA about the continued delay and asked that a
deadline be set by which date EPA staff will sign and deliver the
comprehensive response, as promised, and that EPA inform us of that
deadline so that we may rely on it in scheduling essential
time-sensitive project activities.
When the report is received from EPA an outline scheduling for
our next steps moving forward will be made.
In anticipation of the report, the Company took the opportunity
to move forward on other fronts. In January
2024, Global One Media was retained to rebrand the Company's
website and initiate a media campaign establishing a presence for
EWK on several social media platforms for moving forward. The media
campaign was initiated based on the significant interest expressed
in EWK over the past year.
In February 2024, EWK was
recognized as one of the TSXV Top 50 companies for 2023. This
further brought the company attention from both private and
institutional investors.
Mr. David Atkinson commented on
the increased attention the company has received during an
interview for the TSXV 50 Awards stating: "I was asked what the one
thing was that triggered the most interest in the Company over the
past year. I explained that it was not just the project at Cortina,
but even more broadly, it is about what we had accomplished with
that project creating a whole new standard of regulations for waste
handling based on state of California, Tribal and U.S. federal
regulations and whether this is something we planned to continue to
do elsewhere."
The Company continues to work enthusiastically in collaboration
with both the federal and Tribal agencies in completing the current
stage of approval at Cortina and the precedent-setting development
it represents.
Forward Looking
Statements:
The news release contains "forward-looking information" and
"forward-looking statements" (collectively 'forward-looking
statements") within the meaning of the applicable Canadian
securities regulations. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statements that involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objective
assumptions, future events or performance (often but not
always using phrases such as "expects", or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or
"intends" or "may" or "could", "would", "might" or "will" be taken
to occur or be achieved) are not statements of historical fact and
may be forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance, or achievements of the Company or CIWM to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Factors that could cause actual results to differ
materially from those anticipated in these forward-looking
statements are described under the "Risks and Uncertainties
Statement" attached to this news release. Forward- looking
statements contained herein are made as of the date of this news
release. The Company will update these forward-looking statement
and Risks and Uncertainties as a result of new information,
results, future events, circumstances, or if management's estimates
or opinions should change, or otherwise. There can be no assurance
that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is
cautioned not to place undue reliance on the forward-looking
statements.
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this News Release.
SOURCE Earthworks Industries Inc.
