Metal Energy Completes Phase 1 Requirements for NIV Property Option Agreement

Core Viewpoint - Metal Energy Corp. has successfully completed the first phase of its option agreement for the NIV and West NIV exploration properties, moving closer to drilling in the Toodoggone District of British Columbia [1][2]. Group 1: Option Agreement Details - The Option Agreement allows Metal Energy to earn an 80% undivided interest in the NIV and West NIV properties, with a right of first refusal for the remaining 20% [3]. - The company has issued 862,708 common shares to the optionor and made cash payments totaling $300,000 as part of the first phase of the agreement [4]. Group 2: Project Characteristics - The NIV project is a fully permitted, drill-ready copper-gold-molybdenum project located in a region known for significant porphyry deposits, featuring extensive geochemical and geophysical anomalies [3][5]. - With the addition of the NIV project, Metal Energy's portfolio now includes three high-potential projects, enhancing its focus on critical metals exploration in Canada [5][8].