Announcement • May 08
US Critical Metals Corp., Annual General Meeting, Jul 15, 2026 US Critical Metals Corp., Annual General Meeting, Jul 15, 2026. New Risk • Nov 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$689k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$529k). Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.5m market cap, or US$8.20m). New Risk • Aug 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$689k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$689k free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-CA$529k). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.9m market cap, or US$8.58m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Jul 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-CA$813k). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.04m market cap, or US$5.91m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • May 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$813k). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.22m market cap, or US$4.49m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Apr 26
US Critical Metals Corp. announced that it has received CAD 0.51 million in funding On April 25, 2025, US Critical Metals Corp. closed the transaction. The company issued 5,100,000 units of the company at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 510,000. Certain of the company's directors and officers participated in the offering, and acquired an aggregate of 650,000 units. Announcement • Jan 22
US Critical Metals Corp. announced that it expects to receive CAD 0.1 million in funding US Critical Metals Corp. announced a non-brokered private placement of up to 2,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 100,000 on January 21, 2025. Each Unit of Concurrent Offering will consist of one common share and one warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.065 per Common Share for a period of 24 months from the Closing Date of the Offering. The securities issued in the Offering will be subject to applicable hold periods imposed under applicable securities legislation, including a hold period of four months and one day from the date of issuance. The Offering is subject to receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange. The transaction is expected to close on January 31, 2025. The Units will be offered and sold by private placement in Canada to accredited investors. The Company may also concurrently offer and sell Units outside of Canada on a non-brokered, unregistered private placement basis to a limited number of accredited investors. Announcement • Mar 23
US Critical Materials Corp. Announces Major Discovery of Gallium on Their Sheep Creek, Montana Properties US Critical Materials confirmed a strategically significant deposit of high-grade gallium on its 6,700 acres of claims in Sheep Creek, Montana. Gallium is consistently listed as the number one supply risk related to National Security, as the U.S. is 100% dependent on imported gallium, primarily from China. The Chinese government has recently embargoed the export of gallium, which is critical for national defense and many other vital applications. Gallium is used for semiconductors, 5G technology, smartphones, satellite systems, critical photonics technologies, and especially current and next generation defense systems. In December 2023, US Critical Materials announced that it had signed an agreement with Idaho National Laboratory (INL) to develop new rare earth processing methods including gallium separation. It is believed that cutting-edge technologies developed under this Cooperative Research and Development Agreement (CRADA) could potentially provide environmentally responsible mining and processing to mitigate environmental concerns. Announcement • Feb 25
US Critical Metals Corp., Annual General Meeting, May 08, 2024 US Critical Metals Corp., Annual General Meeting, May 08, 2024. Announcement • Feb 02
Us Critical Metals Corp. Announces Drilling Results from Clayton Ridge Lithium Project US Critical Metals Corp. announced that it has received all the analytical results from previously announced drilling program completed at the Clayton Ridge Lithium Property ("Clayton Ridge" or the "Project") located in Esmeralda County, Nevada. The Company has completed 1,455 meters (4,776 feet) of core drilling in 15 holes ranging in depth from 41.45m to 160.3m traversing the lithium-bearing claystone hosted in the south, central and northern sub-basins within the Clayton Ridge basin. USCM has now fulfilled the contractually required drilling commitments, which fulfills the terms of the option agreement and will result in USCM holding a 100% interest in Clayton Ridge. This initial phase of drilling tested shallow, east-dipping lithium-bearing units with vertical to steeply inclined (-70o) holes to determine the thickness of the lithium-bearing units and depth to the floor of the basin. Lithium was identified in a variety of rock types including claystone, siltstone, conglomerate, airfall tuff, and lithic tuff. Based on the initial drill results, the claystone units produced the highest lithium values. Although elevated lithium values were identified in 13 of the 15 holes drilled, the highest values and corresponding widths were along the eastern fence of the holes as the Li-bearing sequence appears to thicken to the east and north where it dips beneath the volcanic tuffs into the basin's eastern margin. Hole No. CR09-23 intersected 17.4 meters of 724ppm Li (30.4 - 47.9 m) and in Hole No. CR10-23 intersected 14.4 meters of 768ppm Li (46.3 - 55.8 m). These thicker intervals along with locally higher-grade intercepts including 2.7 meters of 973ppm Li (34.9 - 37.6 m) in Holes No. CR11-23 indicate potential for increased lithium widths andgrades to the east and north toward the basin's eastern margin. Board Change • Feb 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Scott Benson is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.57m market cap, or US$5.48m). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • May 12
Us Critical Metals Corp. Announces That the Bureau of Land Management Has Approved the Notice of Intent Filed for the Phase 1 Drill Program At the Clayton Ridge Lithium Property US Critical Metals Corp. announced that the Bureau of Land Management has approved the Notice of Intent filed for the Phase 1 drill program at the Clayton Ridge Lithium Property. The Project is located in Esmeralda County, Nevada and spans a total of approximately 3,600 acres within the Clayton Valley region, which is the only lithium producing region within the US.Clayton Ridge is located in the volcanic mountains above the Clayton Valley. The volcanic mountains potentially represent the source of lithium within the lower valley system, as the genesis of the lithium in the region is volcanic in nature. USCM has the right to a 100% interest in the Project subject to completing the following in 2023: (i) drill 1,500 meters on the Project, (ii) pay US$75,000 in cash to the property vendor; and (iii) issue 500,000 common shares of the Company to the property vendor. Upon completion of the foregoing conditions, USCM will acquire a 100% interest in Clayton Ridge. The NOI permits 4.72 acres of disturbance area, which will include 11 drill pads and approximately 2,900 meters of constructed roads. Upon completion of this drill program, the Company will seek to reclaim additional acres in order to advance with subsequent programs prior to completing a Plan of Operations. Westland Engineering & Environmental Services Inc. prepared and filed the now approved NOI with the BLM. Announcement • Feb 16
US Critical Metals Corp. and US Critical Materials Corp. Report the Results for the Surface Sampling Completed At the Sheep Creek Rare Earth Project in Southwestern Montana US Critical Metals Corp. and US Critical Materials Corp. reported the results for the surface sampling completed at the Sheep Creek Rare Earth Project in southwestern Montana. The Partners received analytical results for 41 chip/channel and grab rock chip samples collected during the Fall of 2022. The sampling covered areas proximal to the underground workings developed in the late 1950's for niobium mineralization by the Continental Columbium Company along with new carbonatite exposures north, south and west of the historic workings. The historic workings and property have not been previously evaluated for rare earth mineralization. Samples were analyzed by Activation Laboratories (Actlabs), located in Ancaster, Canada. Highlights from the Surface Sampling Program: Continued confirmation that Sheep Creek is one of the highest-grade rare earth projects in the US and further refinement of drill targets in the highest priority zones of surface and sub-surface mineralization. A total of 37 carbonatite samples revealed rare earth mineralization with grades up to 171,317ppm (17.13%) Total Rare Earth Elements ("TREE"; Sample # 21045), including 22,910ppm (2.29%) combined neodymium and praseodymium ("NdPr") which are the most sought after of the LREE group. To date, the Partners have collected 78 surface samples from widespread carbonatite exposures in the northern part of the project area. These results reveal an average of 41,512 (4.1%) TREE, including an average combined 5,882.9ppm (0.58%) neodymium and praseodymium. The carbonatites at Sheep Creek are strongly enriched in light rare earth elements ("LREE") with an average value of 4.14% compared to 132.9ppm for heavy rare earth elements ("HREE"). Preliminary evaluation of the project area has occurred over one-third of the total area staked by the Partners. Significant additional acreage remains to be explored and it is anticipated that additional carbonatites will be identified. Announcement • Feb 03
US Critical Metals Corp. Reports Cross Sections Suggesting Substantial Thicknesses of Lithium-Bearing Units at Clayton Ridge Lithium Property US Critical Metals Corp. announced that the detailed mapping, sampling and initial geologic cross sections completed over the Clayton Ridge Lithium Project (the "Project" or "Clayton Ridge") suggest robust thicknesses of lithium bearing units. The Project is located in Esmeralda County, Nevada and spans a total of approximately 3,600 acreages within the Clayton Valley region, which is the only lithium producing region within the United States (the "US"). USCM has the right to a 100% interest in the Project. Mapping shows broad areas of lithium-bearing claystones and volcanic tuffs suggesting a broad lateral extension of mineralization. The mineralized zones extend throughout the property with individual areas covering a surface area of up to 0.5 kilometer by 1.0 kilometer. In addition, cross sections on the northern portion of the property suggest that lithium bearing units have thicknesses in excess of 100 meters (Sections 4,171,200N & 4,172,000N). All sections suggest that the mineralized units extend to the east, with mineralization open in that direction. Anomalous lithium samples from earlier sampling and mapping campaigns of airfall tuffs may add substantial thickness to the mineralized package on the property. In some cases, the estimated thickness of the mineralized package could exceed 200 meters. The five cross sections are the vertical interpretation of the surface geological map. Each section is uniquely identified by its UTM northing coordinate (e.g., 4,171,200N) and the length of the black line associated with it. These are the interpretation of the geology at depth and will aid in the generation of a drill plan. The sections suggest that the lithium-bearing units tend to thicken from south to north. Furthermore, the lithium-bearing units extend for approximately a kilometer from east to west as shown on the sections. However, drilling will ultimately determine the true thickness and lateral extent of the lithium-bearing units. Announcement • Jan 17
Uscm Defines Broad Mineralized Lithium Claystone System At Clayton Ridge Lithium Property US Critical Metals Corp. announced that it has finalized a detailed mapping and sampling program on its Clayton Ridge Lithium Property located in Esmeralda County, Nevada (the "Property" or "Clayton Ridge"). The Property spans a total of approximately 3,600 acreages and is located within the Clayton Valley region, which is the only lithium producing region in the United States. USCM has the option to acquire a 100% interest in the Property. Mapping results show broad areas of lithium-bearing claystones and volcanic tuffs suggesting a broad lateral extension of mineralization. The mineralized zones extend throughout the Property with individual areas covering a surface area of up to 0.5 kilometer by 1.0 kilometer. The new mapping and data delineate a robust lithium bearing system that may prove to be a significant addition to the historic results. The results also further expand the understanding of the geological systems present and enhance the working model for the Property. The map set forth below outlines the geologic systems present and all sampling completed to date. Lithium mineralization is generally encountered within the waterlain tuffs or tuffaceous claystone and siltstone. However, anomalous lithium values have been identified in airfall tuffs, expanding the overall prospective host rocks. The prospective lithium bearing package is underlain by a sequence of lithic tuffs which form a floor to lithium mineralization and in places, the floor comprises Paleozoic dolomites. Notwithstanding, the overall thickness of the mineralized package could be a few hundred meters thick locally. The Company will be forthcoming with additional information relating to estimates of true thickness and related cross selections. To date, 315 rock chip samples have been collected within the Property area. Assay results from the exploration campaign confirm the initial lithium grades from the historical work. Overall, most samples taken last year show anomalous lithium values, which indicates a broad mineralized system. Summary results from 315 rock chip samples include the following: Sample grades from 950ppm Li to trace including 57 samples with a grade of over 500ppm Li, 106 samples with a grade of over 400ppm Li and 141 samples with a grade of over 300ppm Li; and Average grade of 308ppm Li with a standard deviation of 212ppm Li. The expansion of the original claim block proved to be a critical strategic component to the exploration efforts as many of the claystone/tuff lithium targets fall within the new expanded block. Additional mapping may be needed to further delineate other targets, nonetheless there is sufficient data to initiate permitting for a phase one drilling program. The Company will be forthcoming with specifics relating to the proposed drill program and permitting process with the Bureau of Land Management. Announcement • Dec 17
US Critical Metals Corp. (TSXV:USCM) acquired 45% stake in 1212242 B.C. Ltd. from Idaho Silver, Inc. US Critical Metals Corp. (TSXV:USCM) entered into a share purchase agreement to acquire 45% stake in 1212242 B.C. Ltd. from Idaho Silver Inc for CAD 0.4 million on November 16, 2022. Under the terms of the Agreement, the USCM will purchase in aggregate 70% of the issued and outstanding shares of B.C. Ltd. from Idaho Silver. In consideration for 45% of the issued and outstanding shares of B.C. Ltd., USCM will make a payment of CAD 50,000 in cash to Idaho Silver and issue 1,000,000 common shares (the “Consideration Shares”) to Idaho Silver at a deemed price of $0.35 per Consideration Share and in consideration for 25% of the issued and outstanding shares of B.C. Ltd., USCM will subscribe for 8,000 common shares for aggregate proceeds of CAD 200,000. At Closing, Long Canyon Resources will also enter into a net smelter return royalty agreement (“NSR Royalty Agreement”) with Idaho Silver, which grants Idaho Silver a perpetual three and one-half percent (3.5%) royalty (the “NSR Royalty”) relating to all production from the Long Canyon Property. The NSR Royalty is subject to a buyback right in favor of B.C. Ltd. pursuant to which B.C. Ltd. may repurchase up to 2% (in whole or part) of the NSR Royalty for a price equal to CAD 2 million (CAD 1 million for each 1% instalment). The Consideration Shares will be subject to a statutory hold period under applicable Canadian securities laws which will expire four months and one day after issuance. Upon closing of the Transaction, B.C. Ltd. will be the sole owner and shareholder of Long Canyon Resources Inc. (“Long Canyon Resources”), an Idaho corporation, which will be the holder of the Long Canyon Uranium and Vanadium Project (“Long Canyon” or the “Project”). The Transaction is at arms-length and expected to be an expedited transaction pursuant to TSX Venture Exchange (“TSXV”) Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets. Closing of the Transaction (“Closing”) is subject to receipt of applicable regulatory approvals and third-party consents, including the approval of the TSXV and closing conditions customary for transactions of this nature, on or before January 31, 2023.
US Critical Metals Corp. (TSXV:USCM) acquired 45% stake in 1212242 B.C. Ltd. from Idaho Silver, Inc. on December 15, 2022. In total the US Critical Metals Corp. (TSXV:USCM) acquired 70% stake in 1212242 B.C. Ltd. on December 15, 2022. Announcement • Nov 30
US Critical Metals Corp. and US Critical Materials Corp. Reports on Findings from the Fall Exploration Efforts at the Sheep Creek Rare Earth Project in Southwestern Montana US Critical Metals Corp. and US Critical Materials Corp. reported on findings from the fall exploration efforts at the Sheep Creek Rare Earth Project in southwestern Montana. Sheep Creek is one of the highest grade rare earth projects in the United States and the Partners have now confirmed mineralization at surface and at depth. Based on the presence of mineralization at depth, the technical team will further focus exploration efforts on these promising zones. Two of three historic adits (Adit #3 and Adit #1) have been successfully opened and sampled. Samples have been sent for analysis at Activation Laboratories, located in Ancaster, Canada. The recent program included 21 underground rock-chip channel samples, 24 surface rock chip samples, 17 surface channel samples, 30 stream sediment samples and approximately 150 soil samples. The underground workings were developed in the late 1950's for niobium mineralization by the Continental Columbium Company but have not been previously evaluated for rare earth mineralization. The carbonatite exposures afforded by the underground workings will greatly advance the understanding of this complex and unique geologic system. Results from opening, mapping and sampling of the underground workings will support the filing of a Plan of Operation with the US Forest Service. The Partners will provide more details outlining the results from the recent program and plans to drill the Project in due course. Adit #3 The carbonatite exposed in Adit #3 is accessed by a cross-cut approximately 400 feet long at which point it intersects a northwest-southeast trending carbonatite that is developed over a distance of approximately 120 feet. The carbonatite in the mine workings correlate to carbonatites exposed in a trench cut 125 vertical feet above the adit. The carbonatite in Adit #3 varies from 1 foot to over 4 feet in width and is strongly banded with ancylite, allanite and monazite. Nine rock-chip channel samples were collected from Adit #3. A grab sample of ancylite-bearing carbonatite analyzed in 2021 (sample 21005) from the trench above the adit contained 17.05% total rare earth oxides, including: 15,746 ppm (1.57%) neodymium oxide; and 6,249 ppm (0.62%) praseodymium oxide. A grab sample of carbonatite from the mine dump of Adit #3 (sample 21004) contained 7.26% total rare earth oxides, including: 8,398 ppm (0.84%) neodymium oxide; and 3,101 ppm (0.31%) praseodymium oxide. An XRF scan of the carbonatite underground in Adit #3 showed 8.7% cerium, 6.9% lanthanum, and 2.8% strontium. Adit #1 The carbonatite exposed in Adit #1 varies from 1 to 3 feet in width and can be followed for a distance of 270 feet along the drift. Ancylite is present throughout the underground workings. Rock-chip channel samples were collected across the mineralized zone and will be analyzed for rare earths and other critical metals. 12 rock-chip channel samples were collected from Adit #1. A grab sample of ancylite-bearing carbonatite analyzed in 2021 from a surface outcropping of the dike, about 50 feet above Adit #1 (sample 21008) contained 16.44 % total rare earth oxides, including: 16,563 ppm (1.66%) neodymium oxide; and 6,261 ppm (0.63%) praseodymium oxide. Announcement • May 19
US Critical Metals Corp. Doubles Claims Package and Commences Exploration Program At Clayton Ridge Lithium Property US Critical Metals Corp. announced that it has staked and filed with the Esmeralda County and the Bureau of Land Management an additional 90 unpatented mining claims contiguous to the originally prospected Clayton Ridge claims block, and commenced exploration activities at the Clayton Ridge Lithium Property in the Esmeralda County, Nevada (the "Property"). The Property now spans 3,600 acres of highly prospective geology for lithium mineralization. Past field work focused solely on the original 90 claims and was limited to a total of 64 grab and soil samples. Though limited in scope, the historical programs were successful in identifying potentially economic grades of lithium across much of the Property, with samples averaging 517 parts per million of lithium and peaking at 950 parts per million. The mapping currently underway and sampling programs will expand significantly on the work previously completed with the objective to gathering valuable new data to assist with identifying targets for a maiden drill campaign anticipated in the latter half of 2022. The initial exploration phase has begun and consists of geologic mapping of the project at a scale of 1:2,000. This scale will permit USCM to define the upper and lower contacts of the lithium-rich claystone beds exposed over the entire area. This exploration provides an indication of the productive thickness of the clay beds and supports the delineation of additional work, including more detailed sampling, drilling and possibly geophysics. Mapping will serve as the basis for the design of the rock and soil sampling programs along with the construction of geologic sections and isopach maps on the lithium bearing beds needed for the design of the upcoming drilling program. Concurrent with geologic mapping of the Property, the Company is completing litho-geochemical sampling. This phase of exploration consists of collecting up to approximately 500 rock and soil samples from across the expanded project. Samples are being gathered from lithium-bearing claystone at or below the surface that appear to have been minimally weathered to obtain optimal results. In addition, samples are being collected throughout the property to fully characterize the lateral extent of lithium mineralization. Results will be valuable in further examining the relative grade and dissemination of lithium mineralization across the project. All samples will be taken to American Assay Laboratories in Sparks, Nevada, and the Company will release the results of these samples in due course. The Property is a lithium claystone deposit located in the Esmeralda County, Nevada on the east flank of the Clayton Valley, the only lithium producing region of the United States (the "US"). The Property is located just 18 kilometers west of Goldfield, Nevada and roughly 17 km southeast of Silver Peak, Nevada, lying within a topographic swale between the Montezuma Range and Clayton Ridge. The project is comprised of 180 unpatented lode mining claims, covering 3,600 acres, with easy driving access to all claims. Historical rock grab samples on the Nevada Property were taken in July 2021, which revealed strongly anomalous lithium values across the entire section. A total of 64 samples were taken at this time, of which averaged 517 parts per million of lithium and peaked at 950 parts per million. All samples were tested by American Assay Laboratories in Sparks, Nevada. Lithium concentrations appear to be highest in finely laminated claystone beds. The Property is one of several lithium projects in region. In addition to the only operating lithium producer in the US (Albemarle), the Clayton Valley and immediate surroundings host several lithium projects ranging from early- to late-stage exploration (including, but not limited to, Noram Lithium, Pure Energy, American Lithium, ioneer Ltd., Cypress Development and Spearmint Resources). The scientific and technical information contained in this news release about the Property has been reviewed and approved by Robert J. Johansing, BSC. geology, MSc economic geology, who is an independent qualified person as defined in NI 43-101. 