Inactive Instrument

INV Metals Inc.

Equities

INV

CA46123C2076

INV Metals : Reports Q3 2020 Results

November 16, 2020 at 10:27 am EST

TORONTO - INV Metals ('INV Metals' or 'Company') (TSX: INV) reports its financial results for the three and nine-month periods ended September 30, 2020.

The Company recorded a total loss of $1,036,097 or $0.01 per share for the three-month period ended September 30, 2020, compared to $549,560 or $0.01 per share for the corresponding period in 2019, an increase of $486,537 or 89% from the prior year. For the nine-month period ended September 30, 2020, the Company recorded a total loss of $5,158,484 or $0.04 per share, compared to $1,890,682 or $0.02 per share for the corresponding period in 2019, an increase of $3,267,802 or 173% from the prior year. The Company's unaudited cash balance as at November 13, 2020 was approximately $3.9 million.

About INVTM Metals

INVTM Metals is an international mineral resource company focused on the acquisition, exploration and development of precious and base metal projects in Ecuador. Currently, INVTM Metals' primary assets are: (1) its 100% interest in the Loma Larga gold exploration and development property in Ecuador, and (2) its 100% interests in exploration concessions in Ecuador, including the Tierras Coloradas, La Rebuscada and Carolina exploration projects.

Forward-Looking Statements

This press release contains forward-looking information. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as 'anticipates', 'believes', 'could', 'estimates', 'expects', 'may', 'shall', 'will', or 'would'. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the results of future applications or referendums to differ from the results contained in this news release and the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to grade or recovery rates, reliance on key personnel, operational risks, regulatory, capitalization and liquidity risks. Please refer to management's discussion and analysis, the Annual Information Form dated April 14, 2020 and other disclosure documents filed and available on SEDAR at www.sedar.com for other risks that could materially affect the Company. This list is not exhaustive of the factors that may affect any of the Company's forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Contact:

Tel: 416-703-8416

Fax: 416-703-8299

Email: questions@invmetals.com

Latest news about INV Metals Inc.

Solaris Resources : Names New CFO	21-08-30	MT
Dundee and INV Metals Brief: Dundee Precious Metals Completes Acquisition of INV Metals	21-07-26	MT
Dundee Precious Metals Inc. completed the acquisition of remaining 76.5% stake in INV Metals Inc. from IAMGOLD Corporation, A. Terrance Macgibbon and others.	21-07-25	CI
INV Metals : Receives Court Approval for Sale to Dundee Precious Metals	21-07-22	MT
INV Metals : Shareholders Vote to Approve C$132-Million Sale to Dundee Precious Metals	21-07-20	MT
Dundee Precious Metals : RBC Research Touts Dundee's 'Operational Consistency' on Continued Achievement of Production, Cost Guidance	21-07-06	MT
Energy stocks put TSX on course for fourth month of gains	21-05-31	RE
Pieridae Energy : Energy stocks put TSX on course for fourth month of gains	21-05-31	RE
Update: Dundee Precious Metals Down 4% as Agrees to Acquire INV Metals to Advance Loma Larga Project in Ecuador; INV Up More Than 50%	21-05-31	MT
Dundee Precious Metals Brief: Down 4.2% After Earlier Today Moving To Acquire All Issued and Outstanding Shares of INV Metals that It Does Not Currently Own; INV Up More Than 50%	21-05-31	MT
Dundee Conference Call on INV Metals Acquisition: DPM Not Done with M&A; Still Open to Opportunistic Activities in Asset Investments, Execs Say	21-05-31	MT
Dundee Conference Call on INV Metals Acquisition: DPM Will Take Opportunities to Optimize, Improve Amid Permitting Process for Loma Larga Project	21-05-31	MT
Dundee Conference Call on INV Metals Acquisition: Deal Premium Based on Fundamentals of Project, Upside Potential in Loma Larga; Asset Fits with DPM's Core Strengths	21-05-31	MT
Dundee Conference Call on INV Metals Acquisition: Stakeholder Engagement, Including Indigenous Groups, Fundamental to Every Project, Execs Say	21-05-31	MT
Dundee Conference Call on INV Metals Acquisition: INV's Loma Larga Project is One of Top 5 in Country Generating Foreign Direct Investment in Ecuador	21-05-31	MT
Dundee Conference Call on INV Metals Acquisition: Permitting for Project May Take Up to 2 Years, Within 2024-2025 Window	21-05-31	MT
Dundee Precious Metals : Acquiring INV Metals to Advance Loma Larga Project in Ecuador	21-05-31	MT
Dundee Precious Metals Brief: DPM Currently Owns 35,344,424 Common Shares of INV Metals, or Near 23.5% of Outstanding INV Metals Common Shares	21-05-31	MT
Dundee Precious Metals Brief: Earlier Today Said Acquiring All Issued and Outstanding Shares of INV Metals that It Does Not Currently Own	21-05-31	MT
Dundee Precious Metals Inc. agreed to acquire the remaining 76.5% stake in INV Metals Inc. from IAMGOLD Corporation, A. Terrance Macgibbon and others for CAD 93.9 million.	21-05-30	CI
Inv Metals Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-11	CI
INV Metals : Submits Environmental Impact Study for Proposed Underground Mining Project in Ecuador	21-04-26	MT
INV Metals Advances Loma Larga Project and Begins Formal Permitting Process with Submission of Environmental Impact Study	21-04-26	CI
Inv Metals Inc. Reports Earnings Results for the Full Year Ended December 31, 2020	21-03-04	CI
INV Metals Inc. Auditor Raises 'Going Concern' Doubt	21-03-03	CI

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Company Profile

INV Metals Inc. (INV Metals) is a Canada-based international mineral resource company. The Company is focused on the acquisition, exploration and development of base and precious metals projects across the world. It manages its business and explorations activities through its segments, including Canada, Ecuador, Namibia and Barbados. The Company's material property is the Loma Larga gold project. The Loma Larga project is located approximately 30 kilometers southwest of the city of Cuenca, Azuay Province, Ecuador. The Company's other mineral properties include Rio Novo property, Brazil, and Kaoko property, Namibia. The Company's Kaoko Property is located in the Kunene Region of northwest Namibia and includes approximately 10 Exclusive Prospecting Licenses (EPL's) totaling approximately 3,670 square kilometers in a belt geologically analogous and similar in size to the Zambian Copper Belt. The Company's Rio Novo property is located in the Carajas mining district of Brazil.

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