International Metals Announces Shares FOR Debt Transaction and Cancels Bell Property Acquisition
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INTERNATIONAL METALS ANNOUNCES SHARES FOR DEBT TRANSACTION
AND CANCELS BELL PROPERTY ACQUISITION
Vancouver, B ritish Columbia ( December 6, 2025) – International Metals Mining Corp. (the
“Company”)”) (TSXV: IMM) (OTC PINK: CYNXF) (FSE: C2Y) announces it has entered into debt
settlement agreements to settle an aggregate of $930,901.95956 in debt (the “Shares for Debt Transactions”)”)
owing to certain arm’s-length creditors and non-arm’s-length creditors of the Company, and cancelled the
previously announced Bell Lake Property acquisition.
Debt Transaction
Pursuant to the Shares for Debt Transactions, the Company has agreed to settle an aggregate of:
• $780,011.95 in debt owing to the arm’s-length creditors byby issuing 7,800,119 units (each, a “Unit”)
at a deemed price of $0.1010 per Unit, whereby each Unit shall be comprised of one(1) common share
of the Company (“(“Share”)”) and one (1) Transferrable share purchase warrant (“ Warrant”), with
each Warrant convertible into an additional Share (a “Warrant Share”) at an exercise price of $0.15
per Warrant Share for a period of 24 months from the date of issuance; and
• $15050,89890.00 in debt owing to an executive officer, or corporation held thereby, of the Company by
issuing 1,1,508,900 Shares at a deemed price of $0.1010 per Share.
The following insiders of the Company (“(“Insiders”) intend to participate in the Shares for Debt Transactions
- (i) Brian Thurston, Chief Executive Officer and Director of the Company, is to receive 1,508,900 Shares
to satisfy $ 15050,89890.00 owoweded by the Company. The participation of Insiders in the Shares for Debt
Transactions is considered a “related party transaction” pursuant to Multilateral Instrument 61-101 Protection
of Minority Security Holders in Special Transactions (“(“MI 61-101”). The Company expects that it will be
exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection
with the Insiders’ participation in the Shares for Debt Transactions in reliance of sections 5.5(a) and 5.7(a)
of MI 61-101, respectively, on the basis that participation in the Shares for Debt Transactions by the Insiders
will not exceed 25% of the fair market value of the Company’s market capitalization.
All securities issued pursuant to the Shares for Debt Transaction s, and any Shares that may be issuable on
the exercise of Warrants, will be subject to a statutory hold period expiring four months and one day from
the date of issuance in accordance with applicable securities legislation. The Shares issued to Insiders will
also be subject to a concurrent Exchange Hold Period (as such term is defined in the policies of the TSX
Venture Exchange) . The Shares for Debt Transaction s, including the issuance of the Units and Shares
contemplated thereby, are subject to the receipt of required approvals, including acceptance by the TSX
Venture Exchange.
INTERNATIONAL METALS MINING CORP.
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Bell Lake Property Acquisition
The Board of Directors of the Company have decided that it is not in the best interest of the Company to
continue with the acquisition of the Bell Lake Property and have terminated the proposed acquisition
previously announced August 12, 2025.
About International Metals Mining Corp.
International Metals Mining Corp. is a Canadian company engaged in the acquisition, exploration, and
development of mineral properties focusing on critical metals and mineral assets. The Company is focused
on its 100% owned copper-gold porphyry property in Peru.
International Metals Mining Corp.
Per: Brian Thurston
President and Chief Executive Officer
Tel: +1 778 928-6565
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements”
(collectively “forward-looking statements”) within the meaning of applicable securities legislation.
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. All
statements, other than statements of historical fact, included herein, without limitation, statements relating
to the Shares for Debt Transactions, including the issuance of securities contemplated thereby, and the
receipt of all required approvals, including the acceptance of the TSX Venture Exchange, are 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. Forward-looking
statements reflect the beliefs, opinions and projections on the date the statements are made and are based
upon a number of assumptions and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive, political and social uncertainties and
contingencies. Many factors, both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements and the Company has made assumptions and
estimates based on or related to many of these factors. Such factors include, without limitation, the ability of
the Company to obtain acceptance of the Shares for Debt Transactions by the TSX Venture Exchange. All
forward-looking statements contained in this news release is qualified by these cautionary statements and
those in the Company’s continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers
should not place undue reliance on the forward-looking statements contained in this news release concerning
these items. The forward-looking statements contained in this press release are made as of the date hereof,
and the Company does not assume any obligation to update the forward-looking statements of beliefs,
opinions, projections, or other factors, should they change, except as required by applicable securities laws.