Military Metals to Adopt Shareholder Rights Plan

Core Viewpoint - Military Metals Corp. intends to adopt a shareholder rights plan to protect shareholders from potential hostile takeover attempts, ensuring any change of control occurs through a fair and transparent process [1][2]. Group 1: Shareholder Rights Plan - The Rights Plan will be subject to ratification by shareholders at the upcoming Annual General Meeting, scheduled in approximately three months [1]. - The plan is not in response to any specific takeover proposal but is a proactive measure due to increased trading volume and potential 'creeping bids' [1][3]. - The Rights Plan will grant all shareholders, excluding hostile bidders, the right to acquire shares at a discount to the current market price, ensuring fair treatment for all shareholders [2][6]. Group 2: Strategic Objectives - The Board believes that adopting the Rights Plan is prudent in light of recent hostile takeover attempts in the critical minerals sector, such as the unsolicited bid by US Antimony Corp for Lorvotto Resources [2]. - The plan aims to provide the Board with adequate time to evaluate any takeover bid and explore alternatives to maximize shareholder value [6]. Group 3: Company Overview - Military Metals Corp. is a British Columbia-based mineral exploration company focused on the acquisition, exploration, and development of mineral properties, particularly antimony [4].