Culico Metals Announces it is the First TSXV Listed Issuer to Complete the TSXV Sandbox Program
Culico Metals Announces it is the First TSXV
Listed Issuer to Complete the TSXV Sandbox
Program
TORONTO
,
July 31, 2025
/CNW/ - Culico Metals Inc. ("
Culico
", or the "
Corporation
") (TSXV:
CLCO), is pleased to announce that it is the first TSX Venture Exchange ("
TSXV
") listed issuer to
complete the TSXV Sandbox program. Although Culico has been trading as a TSXV Sandbox listed
issuer since
August 16, 2024
, completing the TSXV Sandbox program solidifies its status on the
TSXV.
To exit from the TSXV Sandbox program, Culico was required to meet the following conditions with
the TSXV:
Deploying 50% of the amount of available funds at the time of listing to two qualifying
investments;
Having no outstanding compliance or disclosure issues; and
Prior to
August 16, 2025
, making a formal application to TSXV for an exit review.
In accordance with the requirements of the TSXV, certain securityholders of the Corporation entered
into a Value Security Escrow Agreement (the "
Escrow Agreement
") in respect of 1,173,500
common shares of the Corporation ("
Common Shares
") at the time of the Corporation's listing on
the TSXV. Under the terms of the Escrow Agreement, 293,375 Common Shares have been
released from escrow upon the issuance on
July 30, 2025
of the final bulletin of the TSXV in respect
of the Corporation's TSXV Sandbox program exit.
About Culico Metals Inc.
Culico is a company focused on creating value in the mineral exploration, development and
production sector. Culico's current assets include an approximate 8% equity interest in Kharrouba
Copper Company Inc. ("
KCC
"), a private Canadian company with copper mining and processing
operations located near Marrakesh in the Kingdom of Morocco (see press release dated
April 24,
2025
); common shares of Americas Gold and Silver Corporation, a 1% lithium royalty on certain
mining interests held by Kali Metals Limited (ASX: KM1) and the right to receive a deferred
consideration payment due to the on-sale of the Dumont project. The Dumont project is a large-scale
nickel deposit located 25 km west of the town of
Amos
in the established Abitibi mining camp in the
mining-friendly Canadian province of Québec. Culico holds an interest in the net proceeds from a
future sale or other monetization event involving the Dumont project.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" under applicable Canadian
securities laws concerning the business, operations and financial performance and condition of
Culico including, but not limited to, the ability of Culico maintaining the listing of its Common
Shares on TSXV and creating value in the mineral exploration, development and production sector.
Except for statements of historical fact relating to Culico, all statements included herein are
forward-looking statements. The words "believe", "expect", "strategy", "target", "plan", "scheduled",
"commitment", "opportunities", "guidance", "project", "continue", "on track", "estimate", "growth",
"forecast", "potential", "future", "extend", "planned", "will", "could", "would", "should", "may" and
similar expressions typically identify forward-looking statements.
Forward-looking statements are necessarily based on the opinions and estimates of management
at the date the statements are made and are based on a number of assumptions and subject to a
variety of risks and uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements. Many of these
assumptions are based on factors and events that are not within the control of Culico and there is
no assurance they will prove to be correct.
These factors are discussed in greater detail in Culico's TSXV Form 2B – Listing Application, filed
under the Corporation's issuer profile on SEDAR+, which also provides additional general
assumptions in connection with these statements. Culico cautions that the foregoing list of
important factors is not exhaustive. Investors and others who base themselves on forward-looking
statements should carefully consider the above factors as well as the uncertainties they represent
and the risk they entail.
Although Culico has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Culico
undertakes no obligation to update forward-looking statements if circumstances or management's
estimates or opinions should change except as required by applicable securities laws. The reader
is cautioned not to place undue reliance on forward-looking statements. Comparative market
information is as of a date prior to the date of this document. Further, the forward-looking
statements included herein speak only as of the date of this news release.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies
of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. No
stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.
SOURCE
Culico Metals Inc.
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For further information:
For more information contact: Maxim Kouxenko, Manager, Investor
Relations, Phone: 775-386-2468, Email: [email protected]; Culico Metals Inc.,
www.culicometals.com
CO: Culico Metals Inc.
CNW 07:30e 31-JUL-25