iMetal Resources Announces Letter of Intent to Acquire 100% Interest in Central Bosnian Antimony-Silver-Zinc Mining Concession

Company Overview - iMetal Resources Inc. is a Canadian-based junior exploration company focused on the exploration and development of resource properties in Ontario and Quebec [10] - The flagship property, Gowganda West, is an exploration-stage gold project with a recent discovery hole of 48.5m at 0.85 g/t gold [10] Acquisition Announcement - iMetal has entered into a non-binding letter of intent to explore the acquisition of a mining concession covering 0.97 square kilometers in the Fojnica municipality of Bosnia and Herzegovina [1] - The Cemernica Mine, part of the proposed acquisition, has an historical estimate of 305,000 tonnes at 4.05% Sb, 6% Zn, and 112 g/t Ag [2] Market Context - Antimony is increasingly recognized as a critical mineral in the EU, U.S., and Canada due to its applications in military systems, flame retardants, battery additives, and advanced technologies [3] - The demand for antimony is surging while global supply outside China is limited, enhancing its strategic value [3] Transaction Conditions - The completion of the transaction with the Vendor is subject to conditions including due diligence, negotiation of definitive agreements, obtaining necessary permits, and regulatory approvals [4] - There is no assurance that the transaction will be completed [4] Financial Activities - iMetal completed a non-brokered private placement on July 15, 2025, issuing 15,350,800 units at a price of $0.10, raising $75,835.60 [6] - A further placement of units at a price of $0.105 is planned, with each unit consisting of one common share and one transferable share purchase warrant [8]