Metals Creek Receives 1st Anniversary Payment for the Yellow Fox Property from Lomiko Metals and Adds Claims to Agreement

Core Viewpoint - Metals Creek Resources Corp. has announced significant developments regarding the Yellow Fox Property, including a first anniversary payment from Lomiko Metals Inc. and amendments to increase the property size, indicating ongoing exploration and potential for mineral discovery [1][2]. Financial Transactions - The company will receive a first anniversary payment of $23,125 and 889,423 shares of Lomiko at a deemed price of $0.13 per share, subject to exchange approval [1]. - Lomiko has also paid a finder’s fee of $1,875 and 72,115 shares at the same deemed price [1]. Property Amendments - Two amendments have been signed to expand the Yellow Fox Property: - The first amendment on April 30, 2025, added 30 units, bringing the total to 58 claims over 1,446 hectares [2]. - The second amendment on January 29, 2026, added 51 units, resulting in a total of 109 units spanning 2,725 hectares [2]. Location and Access - The Yellow Fox Property is located approximately 10 km southwest of Glenwood, Newfoundland, with good access via logging and skidder roads [2]. Exploration Potential - The Yellow Fox Property is an early-stage exploration site with potential for antimony, zinc, lead, gold, silver, and rare earth elements (REEs) [5]. - Historical work has shown promising results, including grab samples with values up to 59.43 g/t Au, 11.10% Sb, 7.00% Zn, 72.90 g/t Ag, and 5.50% Pb [5]. Recent Soil Sampling Results - Recent soil sampling has indicated highly anomalous results for both light and heavy rare earth elements, with Total Rare Earth Element (TREE) values ranging from 1,683 ppm to 5,176 ppm [9]. - Notable findings include Neodymium (Nd) levels from 186 to 890 ppm and Praseodymium (Pr) from 46 to 192 ppm, which are critical for magnet manufacturing [9]. Future Exploration - The results from the recent soil samples suggest a strong potential for further exploration, particularly for REEs, which may indicate a mixed mineralized system [9].