PALISADES GOLDCORP ANNOUNCES STRATEGIC INVESTMENT OF EXCESS CASH INTO PHYSICAL BULLION
Highlights:
- With a robust financial position and a forward-thinking approach to portfolio management, Palisades is leveraging its excess cash to acquire tangible assets in a form that cannot be manipulated by external forces. The Company views physical bullion as a critical component of this strategy due to its unique attributes: it serves as a reliable store of value independent of financial systems, offers protection against inflation and currency devaluation, and provides a tangible asset that cannot be diluted and is less easily manipulated by central banks or market intermediaries. By investing in physical gold, silver, and platinum, Palisades is positioning itself to capitalize on the continued strength of these assets, ensuring long-term stability and diversification within its holdings.
- Palisades is purchasing and storing its bullion with
Singapore -basedSilver Bullion Pte Ltd. ("Silver Bullion"), which owns and operates The Reserve (Figures 1 and 2), the world's highest capacity silver vault, providing segregated ownership of physical metals while minimizing storage, counterparty and jurisdictional risks in a manner that traditional financial institutions cannot. Silver Bullion was founded by Palisades directorGregor Gregersen and bullion is being offered to the Company at a preferential premium to spot prices. - Palisades made an initial purchase of approximately
C$500,000 onFebruary 28, 2025 , comprising 30% gold, 35% silver, and 35% platinum. The Company may decide to increase or decrease these holdings based on market pricing and liquidity requirements.
"We are confident that investing in physical bullion is a prudent and strategic use of our excess cash," stated
The acquisition of physical bullion complements Palisades' existing portfolio and reinforces its prominence in the resource sector. By prioritizing assets that have historically retained value through economic cycles, the Company is bolstering its resilience against market volatility and reinforcing its role as a steward of enduring wealth. Palisades remains committed to exploring additional opportunities to maximize shareholder value while maintaining a strong balance sheet.
About
On behalf of the Board of Directors
"Collin Kettell"
Neither the
Cautionary Statements Regarding Forward Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the benefits of holding physical bullion and the increasing or decreasing of holdings of bullion are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Palisades, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, fluctuations in commodity prices and other risks related to holding physical metals. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Palisades does not assume any obligation to update these forward-looking statements should they change, except as required by applicable securities laws.
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