Fireweed Engages ICP Securities Inc. for Automated Market Making Services
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NEWS RELEASE
May 2, 2024 TSXV: FWZ
OTCQX: FWEDF
FSE: M0G
Fireweed Engages ICP Securities Inc. for Automated Market Making Services
Vancouver, British Columbia: FIREWEED METALS CORP. (“ Fireweed” or the “ Company”) (TSXV:
FWZ; OTCQ X: FWEDF; FSE: M0G ) is pleased to announce that it has engaged the services of ICP
Securities Inc. (“ ICP”) to provide automated market making services, including use of its proprietary
algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange
and other applicable legislation. ICP will receive a fee of C$7,500 plus applicable taxes per month, payable
monthly in advance. There are no performance factors contained in the agreement and no stock options or
other compensation are being granted in connection with the engagement. ICP and its clients may acquire
an interest in the securities of the Company in the future.
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the
costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or
securities for the market making activities.
ICP Securities Inc.
ICP Securities Inc. (ICP) is a Toronto based CIRO dealer -member that specializes in automated market
making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium ™,
that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution,
and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and
execution services to a broad array of public issuers and institutional investors.
About Fireweed Metals Corp. (TSXV: FWZ; OTCQ X: FWEDF; FSE: M0G): Fireweed Metals is a
public mineral exploration company on the leading edge of Critical Minerals project development. Fireweed
is well-funded and is well-positioned to carry out a large 2024 exploration program. The Company has three
projects located in Canada:
• Macmillan Pass Project (Zinc-Lead-Silver): Fireweed owns 100% of the district -scale 940 km2
Macmillan Pass (Macpass) project in Yukon, Canada, which is host to one of the largest
undeveloped zinc resources in the world* where the Tom and Jason zinc-lead-silver deposits have
current Mineral Resources1 (11.21 Mt Indicated Resource at 6.59% zinc, 2.48% lead, and 21.33
g/t silver; and 39.47 Mt Inferred Resource at 5.84% zinc, 3.14% lead, and 38.15 g/t silver) and a
Preliminary Economic Assessment2 (PEA). In addition, Boundary Zone, Tom North and End Zone
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have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources.
The project also includes large blocks of adjacent claims with known showings and significant
upside exploration potential.
• Mactung Project (Tungsten): The Company owns 100% interest in the 37.6 km2 Mactung Project
located adjacent to the Macpass Project. The mineral resource estimate for Mactung (41.5 Mt
Indicated Resource at 0.73% WO 3 and 12.2 Mt Inferred Resource at 0.59% WO3)3 makes it the
world’s largest high-grade resource of the Critical Mineral tungsten*. Located in Canada, it is one
of the rare large tungsten resources outside of China*.
• Gayna Project (Zinc -Lead-Gallium-Germanium): Fireweed owns 100% of the 128.75 km 2
Gayna Project located 180 km north of the Macpass Project. It is host to extensive mineralization
including Critical Minerals zinc, gallium and germanium as well as lead and silver, outlined by
28,000 m of historical drilling and significant upside potential.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQX:
FWEDF) trades on the OTCQ X Best Market for early stage and developing U.S. and international
companies and is DTC eligible for enhanced electronic clearing and settlement. Investors can find Real -
Time quotes and market information for the Company on www.otcmarkets.com. In Europe, Fireweed (FSE:
M0G) trades on the Frankfurt Stock Exchange.
Additional information about Fireweed and its projects can be found on the Company’s website at
FireweedMetals.com and at www.sedarplus.com
Qualified Person Statement
Technical information in this news release has been approved by CEO Brandon Macdonald, P.Geo. (BC),
a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
ON BEHALF OF FIREWEED METALS CORP.
“Brandon Macdonald”
CEO & Director
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.
Cautionary Statements
Forward Looking Statements
This news release contains “forward- looking” statements and information (“forward- looking statements”).
All statements, other than statements of historical facts, included herein, including, without limitation,
statements relating to interpretation of drill results, future work plans, the use of funds, and the potential of
the Company’s projects, are forward looking statements. Forward -looking statements are frequently, but
not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”,
“potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”,
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“could”, or “should” occur or be achieved. Forward-looking statements are based on the beliefs of Company
management, as well as assumptions made by and information currently available to Company
management and reflect the beliefs, opinions, and projections on the date the statements are made.
Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised
not to place undue reliance on forward -looking statements. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual results to differ materially from the
Company’s expectations include but are not limited to, exploration and development risks, unanticipated
reclamation expenses, expenditure and financing requirements, general economic conditions, changes in
financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of
working capital and funding for continued operations, title matters, First Nations relations, operating
hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and
strategic partners, governmental regulations and oversight, permitting, seasonality and weather,
technological change, industry practices, uncertainties involved in the interpretation of drilling results and
laboratory tests, and one -time events. The Company assumes no obligation to update fo rward‐looking
statements or beliefs, opinions, projections or other factors, except as required by law.
Footnotes and References
* References to relative size and grade of the Mactung resources and Macpass resources in comparison
to other tungsten and zinc deposits elsewhere in the world, respectively, are based on review of the
Standard & Poor’s Global Market Intelligence Capital IQ database.
1: For details, see https://www.sedarplus.ca/ Fireweed Technical Report titled “NI 43-101 Technical Report
on the Macmillan Pass Zinc-Lead-Silver Project, Watson Lake and Mayo Mining Districts Yukon Territory,
Canada” filed on https://www.sedarplus.ca/ on February 23, 2018, and Fireweed News Release dated
January 10, 2018. Leon McGarry, P.Geo., Senior Resource Geologist for CSA Global Canada Geosciences
Ltd. is independent of Fireweed Metals Corp. and a ‘Qualified Person’ as defined under Canadian National
Instrument 43-101. Mr. McGarry is responsible for the Macpass Mineral Resource Estimate.
2: For details, see https://www.sedarplus.ca/ Fireweed Technical Report titled “NI 43-101 Technical Report
Macmillan Pass Project Yukon Territory Canada” filed on https://www.sedarplus.ca/ on July 9, 2018, and
Fireweed News Release dated May 23, 2018. This Technical Report includes a Preliminary Economic
Analysis (PEA) disclosing an economic analysis of mineral resources that is preliminary in nature and does
not include any mineral reserves. It is equally emphasized that the mineral resources disclosed within this
Technical Report are not mineral reserves and do not have demonstrated economic viability. Michael
Makarenko, P.Eng., Project Manager for JDS Energy and Mining, Inc., is independent of Fireweed Metals
Corp. and a ‘Qualified Person’ as defined under Canadian National Instrument 43- 101. Mr. Makarenko is
responsible for the PEA results.
3: For details, see Fireweed news release dated June 13, 2023 “Fireweed Metals Announces Mineral
Resources for the Mactung Project: the Largest High- Grade Tungsten Deposit in the World” and the
technical report entitled “NI 43 -101 Technical Report, Mactung Project, Yukon Territory, Canada,” with
effective date July 28, 2023 filed on https://www.sedarplus.ca/. Garth Kirkham, P.Geo. is independent of
Fireweed Metals Corp., and a ‘Qualified Person’ as defined under Canadian National Instrument 43- 101.
Garth Kirkham, of Kirkham Geosystems Limited., is responsible for the Mactung Mineral Resource
Estimate.
Contact: Brandon Macdonald
Phone: (604) 646-8361
Email: [email protected]