Asbestos Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2022

Asbestos Corporation Limited (ACL) is a Canada-based company, which is focused on owning and maintaining its mining assets. The Company owns approximately eight mining sites (266 million metric tons of mineral reserves), located in the MRCs des Appalaches and Robert-Cliche, representing a total area of approximately 4,684 hectares. Its mineral resource reserves contain, among other things, magnesium and nickel, two materials considered critical and strategic by Canada and the United States. The Company has also partnered with Beton Provincial for the operation of its granite quarry.