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SAULT STE. MARIE, Ontario, Sept. 03, 2024 (GLOBE NEWSWIRE) — Algoma Metal Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Firm”), a number one Canadian producer of cold and hot rolled metal sheet and plate merchandise, immediately introduced that the Firm shall be taking part within the Jefferies 2024 Industrials Convention on Wednesday, September 4 and Thursday, September 5, 2024. Previous to Algoma’s attendance at this convention, the Firm will publish a duplicate of the presentation it’s going to use within the Buyers part of its web site on ir.algoma.com.
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Cautionary
Assertion
Concerning
Ahead-Wanting
Statements
This information launch accommodates “forward-looking data” underneath relevant Canadian securities laws and “forward-looking statements” inside the which means of the U.S. Non-public Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”), together with statements relating to, Algoma’s transition to electrical arc furnace (EAF) steelmaking, Algoma’s future as a number one producer of inexperienced metal, Algoma’s modernization of its plate mill services, transformation journey, means to ship larger and long-term worth, means to supply North America a safe metal provide and a sustainable future, and funding in its individuals, and processes. These forward-looking statements usually are recognized by the phrases “consider,” “mission,” “anticipate,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “design,” “pipeline,” “might,” “ought to,” “will,” “would,” “shall be,” “will proceed,” “will possible outcome,” and related expressions. Ahead-looking statements are predictions, projections and different statements about future occasions which can be primarily based on present expectations and assumptions. Many components may trigger precise future occasions to vary materially from the forward-looking statements on this doc. Readers also needs to contemplate the opposite dangers and uncertainties set forth within the part entitled “Threat Components” and “Cautionary Be aware Concerning Ahead-Wanting Info” in Algoma’s Annual Info Kind, filed by Algoma with relevant Canadian securities regulatory authorities (accessible underneath the corporate’s SEDAR+ profile at www.sedarplus.com) and with the SEC, as a part of Algoma’s Annual Report on Kind 40-F (accessible at www.sec.gov), in addition to in Algoma’s present studies with the Canadian securities regulatory authorities and SEC. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Algoma assumes no obligation and doesn’t intend to replace or revise these forward-looking statements, whether or not on account of new data, future occasions, or in any other case.
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About
Algoma
Metal
Group
Inc.
Based mostly in Sault Ste. Marie, Ontario, Canada, Algoma is a completely built-in producer of cold and hot rolled metal merchandise together with sheet and plate. Pushed by a function to construct higher lives and a greener future, Algoma is positioned to ship responsive, customer-driven product options to purposes within the automotive, building, vitality, protection, and manufacturing sectors. Algoma is a key provider of metal merchandise to clients in North America and is the one producer of discrete plate merchandise in Canada. Its state-of-the-art Direct Strip Manufacturing Complicated (“DSPC”) is among the lowest-cost producers of scorching rolled sheet metal (HRC) in North America.
Algoma is on a metamorphosis journey, modernizing its plate mill and adopting electrical arc expertise that builds on the robust rules of recycling and environmental stewardship to considerably decrease carbon emissions. Right this moment Algoma is investing in its individuals and processes, working safely, as a group to grow to be one in all North America’s main producers of inexperienced metal.
As a founding business of their neighborhood, Algoma is drawing on the most effective of its wealthy steelmaking custom to ship larger worth, providing North America the consolation of a safe metal provide and a sustainable future as your accomplice in metal.
For extra data, please contact:
Michael Moraca
Vice President – Company Improvement and Treasurer
Algoma Metal Group Inc.
Cellphone: 705.945-3300
E-mail: IR@algoma.com
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