Midasco Capital Corp. Receives Conditional Acceptance for Acquisition of Tungsten and Critical Metals Project from Ridgeline Minerals and Announces New Director
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Midasco Capital Corp. Receives Conditional Acceptance for
Acquisition of Tungsten and Critical Metals
Project from Ridgeline Minerals and Announces New Director
Vancouver, Canada, July 22, 2025 – Midasco Capital Corp. (“Midasco” or the “Company”) (TSX-V: MGC-H)
is pleased to announce that the TSX Venture Exchange (the “ Exchange”) has provided conditional
acceptance for Midasco’s previously announced arm’s length acquisition of the shares in Spartan Exploration
Nevada Corporation, a wholly owned subsidiary of Ridgeline Minerals Corp. (TSX-V: RDG) (the “Proposed
Transaction”) and the Company’s concurrent reactivation of its listing to become a Tier 2 mining issuer on
the TSXV (the “Reactivation”).
Concurrently with the closing of the Proposed Transaction, it is anticipated that Midasco will change its name
to “Spartan Metals Corp.” and change its ticker symbol to “W”. The Proposed Transaction is expected to
close in July 2025. The Proposed Transaction , Reactivation and name and ticker change remain subject to
final Exchange acceptance.
The Company is also pleased to announce its intention to appoint Kosta Tsoutsis to its Board of Directors.
Mr. Tsoutsis brings over 20 years of finance and capital market experience. Mr. Tsoutsis is the Chief Executive
Officer and a Director of M3 Metals Corp. (TSXV: MT), a lithium exploration and development company with
assets in Nevada and California and formerly worked as an investment advisor at Mackie Research, Jordan
Capital Markets, and Canaccord Capital Corp. Mr. Tsoutsis’ appointment is subject to Exchange acceptance.
On behalf of the Board of Midasco
“William Pettigrew”
CEO
Further Information:
William Pettigrew
Chief Executive Officer
Midasco Capital Corp.
+1 604-313-8585
Cautionary Note regarding Forward Looking Statements
Statements contained in this press release that are not historical facts are “forward-looking information” or
“forward-looking statements” (collectively, “Forward- Looking Information”) within the meaning of
applicable Canadian securities legislation. Forward-Looking Information includes, but is not limited to, the
completion of the Proposed Transaction, the Reactivation, the Company’s name and ticker change, and the
timing thereof, the appointment of M. Tsoutsis as a director of the Company, and all other statements that
are not historical in nature . The words “potential”, “anticipate”, “meaningful”, “discovery”, “forecast”,
“believe”, “estimate”, “expect”, “may”, “will”, “project”, “plan”, “historical”, “historic” and similar
expressions are intended to be among the statements that identify Forward- Looking Information. Forward-
Looking Information involves known and unknown risks, uncertainties and other factors which may cause the
actual results to be materially different from any future results expressed or implied by the Forward-Looking
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Information. In preparing the Forward-Looking Information in this news release, Midasco has applied several
material assumptions, including, but not limited to, assumptions that Exchange approval for the Proposed
Transaction and the Reactivation will be granted in a timely manner; the Company’s corporate activities will
proceed as expected; that general business and economic conditions will not change in a materially adverse
manner; and that all requisite information will be available in a timely manner. Forward-Looking Information
involves known and unknown risks, uncertainties and other factors which may cause the actual results,
performance, or achievements of Midasco to be materially different from any future results, performance or
achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include,
among others, risks related to dependence on key personnel; risks related to unforeseen delays; risks related
to historical data that has not been verified by the Company; as well as those factors discussed in Midasco’s
public disclosure record. Although Midasco has attempted to identify important factors that could affect
them and may cause actual actions, events, or results to differ materially from those described in Forward-
Looking Information, there may be other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that Forward- Looking Information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except
as required by law, Midasco assumes any obligation to release publicly any revisions to Forward-Looking
Information contained in this news release to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release