Lodestar Metals Announces Termination of Investor Relations Agreement with Grant Galloway

Core Viewpoint - Lodestar Metals has terminated its investor relations agreement with Grant Galloway due to strategic misalignment and challenges in meeting the agreement's terms [2][3][4]. Group 1: Termination of Agreement - The investor relations agreement with Grant Galloway commenced on June 10, 2024, following acceptance by the TSX Venture Exchange [3]. - Despite multiple collaborative efforts since July 1, 2024, to establish clear terms, the company found these attempts unsuccessful [3]. - The decision to terminate the agreement was made after careful consideration of the company's strategic direction [2][4]. Group 2: Strategic Direction and Future Plans - CEO Lowell Kamin emphasized the importance of aligning with partners who can meet the company's strategic needs, indicating that the decision is in the best interest of shareholders [4]. - The company remains committed to enhancing shareholder value and will explore alternative options for effective communication with stakeholders and the investment community [4]. - Lodestar Metals is focused on exploring and developing its properties, particularly the Peny Property, where significant progress is being made [5][6]. Group 3: Company Overview - Lodestar Metals Corp. is a Canadian mining exploration company with a flagship property, the Peny Property, comprising 47 mineral claims over 11,191 hectares in Manitoba [6]. - The company's business plan includes a combination of developing existing properties, acquisitions, and partnerships to achieve growth [6].