Nine Mile Metals Maintains Wedge Project Purchase Option with Third Anniversary Payments

Core Viewpoint - Nine Mile Metals Ltd. has made its third anniversary payment under the Option Agreement to purchase 100% of the Wedge Project from Slam Exploration Ltd., indicating progress in its acquisition strategy and commitment to the project [1][2]. Financial Summary - The company has completed a cash payment of $40,000 and issued 300,000 common shares as part of the Option Agreement [2]. - A remaining payment of $50,000 and the issuance of 400,000 common shares is due in February 2027 to finalize the purchase [2]. Project Overview - The Wedge VMS Project spans 35.83 km² and includes the Wedge Mine, West Wedge, and Tribag Targets within an 8 km exploration trend [3]. - Recent drilling programs aim to demonstrate the economic viability of the Wedge Mine and suggest that the deposit may be larger and of higher grade than previously assessed [5][6]. Exploration and Development - The company has completed its Fall 2025 Wedge Mine Phase 2 Drill Program and is releasing certified drill results, which are expected to confirm the high-grade copper ore present [5][6]. - Future drilling plans include a Phase 3 Drill Program at the Wedge Mine and a 2026 Drill Program at the West Wedge and Tribag sites, focusing on high-priority VMS zones [8]. Market Engagement - Nine Mile Metals has entered into an agreement with Generation IACP Inc. for market-making and issuer services to enhance liquidity and monitor trading patterns of its shares [8][9]. - The agreement is set for an initial term of six months with a monthly fee of $8,500 CAD, increasing by 3% annually [9]. Company Background - Nine Mile Metals Ltd. is focused on VMS exploration in the Bathurst Mining Camp, New Brunswick, with a strategic emphasis on critical minerals essential for EV and green technologies [15].