Undervalued Assets Monetization

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York Harbour Metals Announces Sale of Firetail Shares for CAD $1.71 million and Provides Strategic Update
Newsfileยท 2025-08-08 12:00
Core Viewpoint - York Harbour Metals has successfully sold 25 million ordinary shares of Firetail Resources Limited for net proceeds of approximately CAD $1.71 million, while retaining a significant equity position in Firetail and continuing to advance its own projects [1][2][3]. Financial Summary - The sale of Firetail shares has resulted in York Harbour holding approximately CAD $1.8 million in cash and retaining ownership of 54 million ordinary shares of Firetail, currently trading at AUD $0.094 per share [2]. - The company continues to hold a 51% interest in the York Harbour Project and has a potential to receive an additional 75 million Firetail shares and AUD $300,000 in cash if Firetail completes its earn-in to acquire an 80% interest in the project [3]. Project Development - Firetail has been actively advancing the York Harbour Project, having completed extensive geophysical work in 2025 and plans to commence drilling in 2026 [4]. - York Harbour is also engaged in discussions to advance its high-grade Bottom Brook rare earth property [5]. Strategic Positioning - The company aims to position itself as a strategic gatherer and monetizer of undervalued assets, focusing on generating value for shareholders through various strategies [6]. - The CEO emphasizes a model built on identifying emerging trends and acquiring quality assets ahead of the market [6]. Company Overview - York Harbour Metals Inc. is a Canadian exploration company focused on acquiring, developing, and strategically positioning mineral assets with strong value potential, including a significant equity position in Firetail Resources and interests in the York Harbour copper-zinc project and Bottom Brook rare earth property [7].