Intrepid Metals Announces TSX Venture Exchange Approval of Extension of Warrant Expiry Date by 90 Days

Core Viewpoint - Intrepid Metals Corp. has received approval from the TSX Venture Exchange to extend the exercise period of 19,046,764 share purchase warrants by 90 days, with all warrants exercisable at $0.45 per common share [1]. Group 1: Warrant Details - The extension applies to 9,499,999 warrants originally issued on January 5, 2024, now expiring on April 5, 2026, and 9,546,765 warrants issued on January 24, 2025, now expiring on April 24, 2026 [1]. - A total of 365,000 warrants were exercised prior to the announcement of the extension [2]. Group 2: Related Party Transactions - 9,146,567 warrants are held by related parties of the company, making the amendment a "related party transaction" under Multilateral Instrument 61-101 [3]. - The company is exempt from formal valuation and minority approval requirements as the fair market value of the warrants does not exceed 25% of the company's market capitalization [3]. Group 3: Company Overview - Intrepid Metals Corp. focuses on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, USA [4]. - The company has several drill-ready projects, including the Corral Copper Project and the Tombstone South Project, both located in Cochise County, Arizona [4]. - Intrepid is traded on the TSX-V under the symbol "INTR" and on the OTCQB under the symbol "IMTCF" [4].