Supreme Critical Metals Options the Gator Property, Nevada and Announces Change to Board of Directors
TMX Newsfile·2026-03-02 13:22

Core Viewpoint - Supreme Critical Metals Inc. has signed a Letter of Intent to acquire an option for a 100% interest in the Gator Property, located in Nevada, which consists of 160 mining claims covering 3,306 acres [1][2]. Property Details - The Gator Property is situated on US federal land managed by the Bureau of Land Management and has year-round access via all-weather county roads [2]. - The exploration target is interpreted as a distal-disseminated style epithermal Au-Ag mineral system, with geological similarities to nearby past producing mines [4]. Previous Work and Data - Prior work on the property includes geological mapping, rock chip sampling, UAV magnetics, structural interpretation, target generation, and 650 meters of RC drilling [3]. - The project benefits from data from a Department of Energy funded evaluation, which included mapping and various geophysical studies [3]. Exploration and Development Plans - The project has an existing Notice of Intent permit with the BLM, which can be modified for additional drilling [5]. - The exploration target is considered promising due to the geological, geochemical, and geophysical characteristics of the area [5]. Option Terms - Under the LOI, Supreme can earn a 100% interest in the Gator Property over five years through the issuance of 10,000,000 common shares and specific work commitments [7]. - The milestones include share issuances and drilling commitments, culminating in the delivery of a minimum 2 million ounces of Au NI 43-101 M&I Resource by the fifth anniversary [7]. Management Changes - Christopher Gulka has been appointed to the Board of Directors, while Gerald Tritt has resigned [8]. - Gulka has over 30 years of experience in capital and public markets, including roles in various sectors [10]. Company Overview - Supreme Critical Metals Inc. is a publicly traded exploration company focused on high-potential gold, silver, and copper properties, primarily in British Columbia and Nevada [11]. - The company operates in mining-friendly jurisdictions with established infrastructure and supportive regulatory frameworks [11].

Supreme Critical Metals Options the Gator Property, Nevada and Announces Change to Board of Directors - Reportify