VANCOUVER, British Columbia, April 25, 2023 (GLOBE NEWSWIRE) — NINE MILE METALS LTD. NINEVMSXFKQ)) (The “Pursue” or “nine mile“) announces that pursuant to its option to purchase 100% of the California Lake and Canoe Landing Lake East mineral projects dated April 25, 2022 (the “Possibility.”) The option and payments were previously announced on April 26, 2022.
The Company has 333,334 common shares (“common shares’) at an assumed price of $0.2025 Per shares and paid $20,000 to the vendors under the option.
About Nine Mile Metals Ltd:
Nine Mile Metals Ltd. is a publicly traded Canadian mineral exploration company focused on the exploration of Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) in the world-renowned Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is exploration of its four VMS projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East-West) VMS and the new Wedge VMS projects. The Company is focused on Critical Minerals Exploration (CME) and positioning itself with a gold hedge for the boom in electric vehicles and green technologies that require copper, silver, lead and zinc.
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ON BEHALF OF NINE MILE METALS LTD.
“Patrick J Cruickshank, MBA”
CEO and Director
T: +1.506-804-6117
E: patrick@ninemilemetals.com
Forward-Looking Information:
This press release may contain forward-looking information within the meaning of Canadian securities legislation relating to Nine Mile’s business. Forward-looking information is based on certain material expectations and assumptions of Nine Mile’s management. In some cases, you can identify forward-looking statements by the use of words such as “will”, “may”, “would”, “expect”, “intend”, “plan”, “aim”, “anticipate”. “believe”, “estimate”, “predict”, “potential”, “continue”, “likely”, “could” and variations of these terms and similar expressions or the negative of these terms or similar expressions. Although Nine Mile believes that expectations and…
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