NEW S RELEASE January 16, 20 25 TS XV: FW Z
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NEW S RELEASE
January 16, 20 25 TS XV: FW Z
OTCQX: FW EDF
FSE: M0 G
F i reweed M etal s Ac q u ire s Strategi c L and Package
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the Company”)
(TSXV: FWZ; OTCQX: FWEDF) is pleased to announce the acquisition of the Harvest claims
from Strategic Metals Limited ("Strategic Metals") . These claims are fully enclosed within the
boundaries of Fireweed's Macpass Project, further consolidating the Company's position in the
District.
Highlights
• Acquisition of 42 Harvest Claims, encompassing an area of approximately 8.77 km2.
• Claims situated on the northern side of the Macpass property (see Map 1) in a belt of
known barite-zinc-lead-silver showings.
• Exploration potential includes significant zinc -in-soil anomalies and stratigraphic units
prospective for high-grade massive sulphide mineralization.
CEO Statement
Peter Hemstead, Interim President and CEO , stated, “The acquisition of the Harvest Claims
addresses the only remaining gap within the core of the Macpass property , consolidating prime
ground within the prolific Selwyn Basin and presenting strong potential for high-grade zinc
mineralization. This acquisition aligns with our strategy to realize the full potential of our property,
and we are eager to advance exploration on this highly prospective ground.”
Exploration Potential
The Harvest Claims are strategically located within a belt of known barite-zinc -lead-silver
showings, featuring the same barite-bearing stratigraphic interval hosting high-grade massive
sulphide mineralization at the Boundary Zone.
Historical soil sampling data reveals significant zinc -in-soil anomalies, with recent, high-quality
soil data from adjacent Fireweed claims showing substantial lead, barium, silver, and zinc
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anomalies along strike. This area includes barite deposits that could act as chemical traps for
mineralizing fluids.
The claims also present modest potential for gold mineralization, with nearby gold targets
indicating possible buried intrusions. Fireweed plans to conduct detailed soil geochemical
surveys, prospecting, and reconnaissance drilling to unlock the full potential of these claims.
Purchase Agreement Detail
The agreement with Strategic Metals includes the following terms:
• A cash payment of C$150,000 to Strategic Metals
• Issuance of 147,888 Fireweed shares.
• A Net Smelter Return (NSR) royalty of 0.5% on base metals and silver and 2% on gold
from future production at the Harvest property.
Fireweed will retain the option to buy back 50% of the royalties (0.25% of base metal an d silver
NSR, and a 1% gold NSR), for C$1,000,000.
No finder's fees were paid in connection with this transaction. Additionally, the transaction does
not involve any Non-Arm's Length Parties, and there are no relationships between Fireweed, its
Insiders, and the sellers of the asset.
Map 1: Harvest Claims within the Macpass Project area.
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Qualified Person Statement
Technical information in this news release has been reviewed and approved by Fireweed Senior
Geologist, Ian Carr, P.Geo. (BC), a ‘Qualified Person’ as defined under Canadian National
Instrument 43-101. Mr. Carr is not independent of the Company in accordance with NI 43-101.
About Fireweed Metals Corp.
Fireweed is an exploration company focused on unlocking value in a new critical metals district
located in Northern Canada. Fireweed is 100% owner of the Macpass District, a large and highly
prospective 985 km2 land package. The Macpass District includes the Macpass zinc -lead-silver
project and the Mactung tungsten project. A Lundin Group company, Fireweed is strongly
positioned to create meaningful value.
Fireweed trades on the TSX Venture Exchange under the trading symbol “FWZ”, on the OTCQX
Best Market under the symbol “FWEDF”, and on the Frankfurt Stock Exchange under the trading
symbol “M0G”.
Additional information about Fireweed and its projects can be found on the Company’s website
at FireweedMetals.com and at www.sedarplus.com
ON BEHALF OF FIREWEED METALS CORP.
“Peter Hemstead”
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, targets for exploration, potential extensions of
mineralized zones, future work plans, the us e 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”, "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 rec lamation 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 weat her, technological change, industry practices,
uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time events. The
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Company assumes no obligation to update forward ‐looking statements or beliefs, opinions, projections or
other factors, except as required by law.
Contact: Alex Campbell
Phone: +1 (604) 689-7842
Email: [email protected]