Early Warning Press Release Regarding AcquisiƟon of Common Shares in Spartan Metals
Vancouver, Canada, February 24, 2026 – Spartan Metals Corp. (“Spartan” or the “Company”) (TSX-V: W | OTCQB: SPRMF | FSE: J03) reports that Burton Egger (the “Acquiror”) a director of the Company has acquired 1,400,000 common shares of the Company (the “Acquired Shares”) by way of the exercise of 1,400,000 common share purchase warrants at a purchase price of $0.075 per Acquired Share (the “Acquisi�on”).
Prior to the comple�on of the Acquisi�on, Mr. Egger beneficially owned or exercised control or direc�on over 7,222,341 common shares, 1,604,166 common share purchase warrants (“Warrants”) and 50,000 restricted share units (“RSU’s”), represen�ng approximately 18.3% per cent of the issued and outstanding common shares on an undiluted basis and 21.56% on a par�ally diluted basis. Upon comple�on of the Acquisi�on, Mr. Egger beneficially owns or exercises control or direc�on over 8,622,341 common shares 204,166 Warrants and 50,000 RSU’s, represen�ng approximately 21.7% per cent of the issued and outstanding common shares on an undiluted basis, and 21.56% per cent of the issued and outstanding common shares on a par�ally diluted basis, assuming that Mr. Egger exercised all of his warrants and RSU’s, and no other holders of conver�ble securi�es exercised or converted any of their securi�es.
The Acquired Shares were acquired for investment purposes. Depending on market condi�ons, the Acquiror may, from �me to �me, acquire addi�onal securi�es, exercise conver�ble securi�es, dispose of some or all of the exis�ng or addi�onal securi�es or may con�nue to hold the securi�es of the Company.
About Spartan Metals Corp.
Spartan Metals is focused on developing cri�cal minerals projects in well-established and stable mining jurisdic�ons in the Western United States, with an emphasis on building a por�olio of diverse strategic defense minerals such as Tungsten, Rubidium, An�mony, Bismuth, and Arsenic.
Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of one of the highest-grade historic tungsten resources in the USA (the past-producing Tungstonia Mine) along with significant underdefined resources consis�ng of: rubidium; an�mony; bismuth; indium; as well as precious and base metals. More informa�on about Spartan Metals can be found at www.SpartanMetals.com
On behalf of the Board of Spartan “Bre� Marsh”
President, CEO & Director
Further Informa�on:
Bre� Marsh, M.Sc., MBA, CPG President, CEO & Director 1-888-535-0325 [email protected]
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