MTI(US:MTX) Thenewswireยท2025-07-12 03:30Core Viewpoint - Panther Minerals Inc. has formally terminated its option to acquire the Boulder Creek uranium property in Alaska and returned all associated claims to Tubutulik Mining Company LLC [1][2]. Group 1: Termination of Option - The option agreement for the Boulder Creek Project, initiated on April 13, 2024, automatically ended on June 15, 2025, due to Panther's decision not to make the required annual option payment [2]. - The company has executed a quitclaim deed to relinquish all rights and interests in the 140 Alaska State mining claims associated with the Boulder Creek Project [2]. Group 2: Project Background - The Boulder Creek Project was an early-stage uranium exploration initiative located in a historically uranium-active region [3]. - Initial assessments, data compilation, and site review activities were completed, but the company chose not to advance to the next exploration stage due to seasonal, logistical, and capital considerations [3]. Group 3: Future Commitments - Panther Minerals remains focused on advancing its other high-potential exploration assets across North America and will keep shareholders updated on new developments [4]. - The termination of the Boulder Creek option reflects the company's strategic decision to reallocate resources to more promising projects within its portfolio [8].