Three Valley Copper Corp. Announces Short-Term Forbearance of Loan Agreement

Core Viewpoint - Three Valley Copper Corp. has agreed to forbear from exercising its rights under a secured convertible promissory note from Selma House LLC for 30 days, intending to extend the loan's maturity to July 24, 2026, pending regulatory approval for a business change [1][2][3]. Group 1: Loan Details - The Company provided a loan of up to USD $1,000,000 to Selma House LLC, which specializes in private credit [2]. - The promissory note carries an interest rate of 10% per annum, with USD $93,333 in interest received for the year ending July 24, 2025 [3]. - As of now, Selma has drawn down USD $800,000 in principal against the promissory note, which is secured by Selma's assets, primarily real estate and receivables [4]. Group 2: Business Transition - The Company is seeking to change its business classification from a mining issuer to an investment issuer, which requires acceptance from the TSX Venture Exchange [1]. - The short-term forbearance allows the Company time to complete this transition and reactivation from the NEX Board to TSXV Tier 2 [1].