Fireweed Grants Stock Options
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NEWS RELEASE
June 25, 2024 TSXV: FWZ
OTCQX: FWEDF
FSE: M0G
Fireweed Grants Stock Options
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”)
(TSXV: FWZ; OTCQX: FWEDF) announces that pursuant to the Company’s stock option plan, on
June 25, 2024 it granted stock options exercisable into 3,520,000 common shares in the
Company to certain directors, officers, employees, and consultants of the Company. The stock
options are exercisable at a price of C$1.18 per share for a five-year term.
About Fireweed Metals Corp. (TSXV: FWZ; OTCQX: FWEDF; FSE:M 0G): Fireweed Metals
Corp. is an exploration company unlocking significant value in a new critical metals district located
in Yukon, Canada. Fireweed is 100% owner of the Macpass District, a large and highly
prospective 977 km2 land package. The Macpass District includes the Macpass zinc -lead-silver
project and the Mactung tungsten project, both characterized by meaningful size, grade and
opportunity. At the Macpass project, Fireweed owns one of the largest undeveloped zinc
resources worldwide*, in a region with enormous exploration potential. The Mactung project is a
strategic critical metals asset that hosts the world’s largest high-grade tungsten resource* – a
potential long-term supply of tungsten for North America. A Lundin Group company, Fireweed is
strongly positioned to create meaningful value.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed
(OTCQX: FWEDF) trades on the OTCQX 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
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Qualified Person Statement
Technical information in this news release has been approved by Fireweed Metals VP Geology,
Jack Milton, P.Geo. (BC), a ‘Qualified Person’ as defined under Canadian National Instrument
43-101.
ON BEHALF OF FIREWEED METALS CORP.
“Peter Hemstead”
Interim 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.
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.
*: For Tom and Jason Mineral Resources, 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.
*: For Tom and Jason PEA study, 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.
*: For Mactung Mineral Resources , 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
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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: Peter Hemstead
Phone: +1 (604) 689-7842
Email: [email protected]