C3 Metals Grants Incentive Stock Options
C3 Metals Grants Incentive Stock Options
Toronto, Ontario--(Newsfile Corp. - April 4, 2025) -
C3 Metals Inc.
(TSXV: CCCM) (OTCQB: CUAUF)
("C3 Metals" or the "Company") announces that pursuant to the Company's stock option plan approved
by shareholders at its Annual General and Special meeting held on February 28, 2025, the Board of
Directors has granted 3,380,000 stock options to directors, officers, employees and consultants of the
Company.
A total of 925,000 options will vest immediately, while 2,455,000 options will vest over a
period of 12 months, subject to regulatory acceptance.
After vesting, each incentive stock option will
allow the holder to purchase one common share in the Company at a price of CAD$0.70.
The incentive
stock options have a term of five years, expiring on April 4, 2030 or following the departure of the option-
holder.
Following this stock option grant, the Company will have a total of 6,260,750 stock options
outstanding, representing approximately 6.27% of the outstanding common shares of the Company.
For additional information, contact:
Dan Symons
President and CEO
+1 416 716 6466
ABOUT C3 METALS INC.
C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its
shareholders through the discovery and development of large copper and gold deposits.
The Company
holds approximately 30,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-
Skarn belt of Southern Peru.
Mineralization at Jasperoide is hosted in a similar geological setting to the
nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay
(Glencore).
At Jasperoide, the Company has identified over 15 skarn prospects and an outcropping
porphyry system over two parallel 28km belts.
The Company has published a maiden resource estimate
on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at 0.5%
copper and 0.2 g/t gold.
The Company is also actively exploring in Jamaica where it has identified 16
porphyry, 40 epithermal and multiple volcanic redbed copper prospects over a 30km strike extent.
The
Company holds a 100% interest in 17,855 hectares of exploration licenses, of which Freeport-McMoRan
Exploration Corporation, a wholly-owned affiliate of Freeport-McMoRan Inc. (NYSE: FCX), has the
option on 13,020 hectares to earn up to a 75% interest by funding up to US$75 million of exploration and
project related expenditures.
The Company also holds a 50% interest in 9,870 hectares in a joint venture
with Geophsyx Jamaica Ltd, the largest mineral tenure holder in the country.
Barrick Gold Corp.
announced on May 1, 2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on
approximately 400,000 hectares of exploration licenses, several of which surround C3 Metals' mineral
concessions.
Mining is currently the second largest industry in Jamaica, and historical mining dates back
to the colonial eras of the 1500s (Spanish) and 1800s (British).
Related Link:
www.c3metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking information and are based on
the Company's current belief or assumptions as to the outcome and timing of such future events. Actual
future results may differ materially. In particular, this release contains forward-looking information relating
to, among other things, the exploration operations of the Company and the timing which could be
affected by the current global COVID-19 pandemic. Those assumptions and factors are based on
information currently available to the Company.
Although such statements are based on reasonable
assumptions of the Company's management, there can be no assurance that any conclusions or
forecasts will prove to be accurate.
While the Company considers these assumptions to be reasonable based on information currently
available, they may prove to be incorrect. Forward looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements
to be materially different from any future results, performance or achievements expressed or implied by
the forward-looking information. Such factors include risks inherent in the exploration and development of
mineral deposits, including risks relating to changes in project parameters as plans continue to be
redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral
prices and the worldwide demand for and supply of minerals, risks related to increased competition and
current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on
key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the
necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and the
Company is not obligated to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/247339