Core Critical Metals to purchase 80% stake in Lucky Mike property

Core Viewpoint - Core Critical Metals intends to acquire an 80% stake in the Lucky Mike silver-copper-tungsten property, pending approval from the TSX Venture Exchange [1] Group 1: Property Details - The Lucky Mike property consists of 37 claims over approximately 7,675 hectares located between Kamloops and Merritt in British Columbia [1] - The site is strategically positioned in BC's copper porphyry and gold mining region, adjacent to Teck's Highland Valley Copper Mine, which has extended its operational life to 2046 following a significant investment of $2.1 billion (C$2.87 billion) [2] - The property has a historical resource estimate of 73.5 million tonnes with a copper equivalent grade of 0.27%, translating to around 402 million pounds of contained copper [2] Group 2: Historical Exploration and Infrastructure - In 1943, the Strategic Metals Committee drilled 14 diamond drill-holes along a 100m strike length, with eight holes showing a weighted average of 0.312% tungsten trioxide across an average width of 25ft [3] - The property is fully permitted and ready for drilling, with new high-priority targets identified through AI analysis [3] - The site benefits from excellent infrastructure access, being close to logging roads, power sources, and local labor in the Nicola Mining District [4] Group 3: Joint Venture and Financial Terms - Under the option agreement, Core Critical Metals may earn its 80% interest by fulfilling specific payments and expenditures [4] - The property is currently subject to a 2% net smelter return royalty [4] - Core Critical Metals will fully fund all expenditures approved in the annual work program until a feasibility study is delivered, during which First Atlantic Nickel's participation will not be subject to dilution [5]