Musk Metals Corporate Update
MUSK METALS CORP. CORPORATE UPDATE
March 5, 2025, VANCOUVER, BC – Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK)
(OTC: EMSKF) (FSE: 1I30) announces that it is changing its name to Germanium Mining Corp., to better reflect
its business activities. The Company's common shares will trade under the new name on the CSE with the new
trading symbol GMC. The Company has also released the results of voting on all resolutions presented to its annual
general and special meeting of shareholders (“AGM”) held on March 3, 2025.
Mr. Mario Pezzente, Chief Executive Officer, commented, “The new name Germanium Mining Corp. reflects our
commitment to advancing the exploration of highly prospective mining projects in world-class jurisdictions, with a
strategic focus on germanium—an increasingly vital element in modern technology. By strategically pivoting to this
critical semiconductor metal, we align with the growing demand driven by advancements in fiber optics, infrared
optics, high-efficiency solar cells, and cutting-edge semiconductor applications essential for the future of
telecommunications, renewable energy, and defense industries.”
Exploration Program at Lac du Km 35 Germanium Property
The Company plans to carry out a new and modern airborne survey for acquiring magnetic and electromagnetic
data over the whole property. Prospecting and sampling will follow on the best anomalies with an emphasis on the
Laganière Germanium showing area of approximately 3 km by 1.5 km. Due to excellent access and proximity to
the mining town of Chibougamau, Musk expects an efficient and cost-effective exploration program. Diamond
drilling will follow on the best identified targets soon after.
Property Description
The Lac du Km 35 Germanium Property is approximately 40 km east of the mining town of Chibougamau in the
Nord-du-Québec region of Québec and has excellent access through Highway 167 and a main lumber road that
transects the whole property from the west to the east as well as a network of secondary roads.
The Property is underlain by the volcano-sedimentary sequence of the Roy Group and its metamorphic equivalent,
the Laganière gneissic Complex, that host the Lac Doré intrusive Suite which is a mafic to ultramafic stratiform and
synvolcanic intrusion, and the later stage Duberger felsic pluton; all these rock units belong to the northeast portion
of the Abitibi greenstone belt sub-Province of Archean age. To the west of the Property, rocks were
metamorphosed at the greenschist facies where the chlorite mineral is ubiquitous while the eastern portion has
reached the amphibolite metamorphism grade.
A prominent structural element is the ductile Faribault Shear Zone (“FSZ”), oriented east-southeast, and located
towards the eastern part of the Property. The FSZ dips to the south-southwest and ends to the Grenville Front which
extends southwest-northeast for several hundreds of kilometres. The Grenville Front separates the Abitibi
greenstone belt from younger Mesoproterozoic rocks and is only a few kilometres to the east of the Property. The
FSZ is an important feature that could have been joined by other permeable zones at depth as a preferential conduit
for hydrothermal fluids.
Discovered by government geologists in 1998 and never followed up, the Laganière Germanium showing consists
of a peridotite outcrop within the Laganière gneissic Complex that comprises amphibolites and hornblende and
biotite gneisses. The Laganière showing returned a value of 0.02% (186 ppm) germanium and is currently the
highest germanium value ever reported from an outcrop in the whole Québec.
The Laganière Germanium showing is located right alongside the main lumber road and immediately adjacent to
the south to a cluster of electromagnetic anomalies of roughly 400 m x 400 m in size that were never tested. The
Laganière germanium showing is also 450 m northeast of the FSZ, 800 m from the southern margin of the
Duberger felsic pluton and approximately 2 km to the west of the Grenville Front. Apart from regional mapping
and sampling of government geologists, the Laganière Germanium showing area remains vastly underexplored and
overlooked, and constitutes the prime focus for Musk.
Recent exploration work performed in 2024, consisting of prospecting and sampling, allowed to collect 39 outcrop
samples. Values up to 0.27% nickel, 0.04% cobalt, 0.24% copper and 0.21 g/t Au were obtained from these
samples. The highest zinc value is 0.07% and only 3 samples had overall zinc values over 0.05%. Due to the
digestion method selected, germanium values were deemed not reliable.
About Germanium
Germanium is a hard, greyish and brittle metalloid which shares characteristics of both metal and non-metal
properties. Germanium has many growing applications in electronics and solar, in fiber optics, and Infrared optics
for civil and military uses. One of the growing and key applications for germanium is autonomous vehicle driving
system where germanium is used for thermal imaging cameras and night vision devices.
China’s share of germanium global output in 2024 was estimated between 70 and 75%. According to the United
States Geological (“USGS”) survey in a 2024 report, there is high degree of uncertainty regarding world primary
production of germanium. In 2022, the USGS estimated that world production of primary germanium reached
210,000 kg while China’s primary production capacity of germanium is 309,000 kg.
Germanium is in the list of critical metals in Canada, the United States and the European Union. Since December 3,
2024, China, the largest producer of refined germanium, has banned germanium exports to the United States.
Challenge will be securing new or alternative supplies of germanium. Germanium is not an openly traded
commodity and recent spot prices have germanium over US$4,000 per kilogram.
AGM Results
A total of 12,782,138 common shares, or 31.6% of the 40,446,520 issued and outstanding common shares of the
Company as at the record date of the Meeting, were voted at the Meeting by proxy.
The following matters were approved by the affirmative vote of the requisite majority of the votes represented at
the Meeting:
• setting the number of directors of the Company at four;
• appointing Emily Sewell, Mario Pezzente, Benoit Moreau and Dennis Aalderink as directors; and
• appointing DMCL LLP as auditors of the Company for the fiscal year ending March 31, 2025.
Benoit Moreau, P.Eng., a qualified person as defined by National Instrument 43 -101, and vice -president of
exploration for Musk Metals, is responsible for the technical information contained in this news release.
About Musk Metals Corp.
Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-
stage mineral properties located in some of Canada’s top mining jurisdictions. The Company’s properties are in the
“Chapais-Chibougamau”, “Abitibi”, “Upper Laurentides”, “T émiscamingue”, “Chibougamau”, and “James Bay”
regions of Quebec, and the “Golden Triangle” district of British Columbia.
Make sure to follow the Company on Twitter, Instagram and Facebook as well as subscribe for Company updates at
http://www.muskmetals.ca/
ON BEHALF OF THE BOARD
Mario Pezzente
CEO & Director
For more information on Musk Metals, please contact:
Phone: 604-717-6605
Corporate e-mail: [email protected]
Website: www.muskmetals.ca
Corporate Address: 2905 – 700 West Georgia Street, Vancouver, BC, V7Y 1C6
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements, other than statements of historical fact that
address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the
future are forward-looking statements. Forward-looking statements in this news release include, but are not limited
to, statements regarding the intended use of proceeds of the Offering and other matters regarding the business plans
of the Company. The forward-looking statements reflect management’s current expectations based on information
currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially
from those discussed in the forward-looking statements including that the Company may use the proceeds of the
Offering for purposes other than those disclosed in this news release; adverse market conditions; and other factors
beyond the control of the Company. Although the Company believes that the assumptions inherent in the forward-
looking statements are reasonable, forward-looking statements are not guarantees of future performance and,
accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could
cause actual results or events to differ materially from current expectations include general market conditions and
other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new information, future events or otherwise,
except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the
contents or accuracy of this press release.