Intrepid Metals Engages Independent Trading Group as Market Maker
NEWS RELEASE
Intrepid Metals Engages Independent Trading Group as Market Maker
May 9, 2025 (TSXV:INTR) (OTCQB:IMTCF)
VANCOUVER, BRITISH COLUMBIA, Intrepid Metals Corp. (TSXV:INTR) (OTCQB:IMTCF)
(“Intrepid” or the “Company”) announces that, subject to regulatory approval, it has engaged the services
of Independent Trading Group (" ITG") under the terms of a Market Making Services Agreement (the
“Agreement”) to provide market-making services in accordance with TSX Venture Exchange (“TSXV”)
policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the
objective of maintaining a reasonable market and improving the liquidity of the Company's common
shares.
Under the Agreement, ITG will receive compensation of CAD$ 7,500 per month, payable monthly in
advance. The Agreement is for an initial term of one month and will renew for additional one -month
terms unless terminated. The Agreement may be terminated by either party with 30 days' notice. There
are no performance factors contained in the Agreement and ITG will not receive shares or options as
compensation. ITG and the Company are arm’s length, unrelated and unaffiliated entities and at the
time of the Agreement, neither ITG nor its principals have an interest, directly or indirectly, in the
securities of the Company. The Company will fund the compensation under the Agreement from its cash
on hand.
About Independent Trading Group
Independent Trading Group (ITG) Inc. is a Toronto based CIRO dealer -member that specializes in
market making, liquidity provision, agency execution, ultra -low latency connectivity, and bespoke
algorithmic trading solutions. Established in 1992, with a focu s on market structure, execution and
trading, ITG 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. ITG's head office is
located at 33 Yonge Street, Suite 420, Toronto, Ontario, Canada M5E 1G4.
About Intrepid Metals Corp.
Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such
as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in
southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill
ready projects, including the Corral Copper Project (a district scale advanced exploration and
development opportunity with significant shallow historical drill results), the Tombstone South Project
(within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which
was purchased for $1.3B in 2018 1, though mineralization at the Taylor Deposit is not necessarily
indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise
County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona).
Intrepid has assembled an exceptional team with considerable experience with exploration, developing,
and permitting new projects within North America. Intre pid is traded on the TSX Venture Exchange
(TSXV) under the symbol “INTR” and on the OTCQB Venture Market under the symbol “IMTCF”. For
more information, visit www.intrepidmetals.com.
Page 2 of 2
INTREPID METALS CORP.
On behalf of the Company
“Ken Engquist”
CEO
For further information regarding this news release, please contact:
Ken Engquist, CEO
604-681-8030
Notes
1 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32
completes acquisition of Arizona Mining).
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws.
Such forward-looking statements relate to: the advancement of the Company’s projects in Arizona ; continued growth and the exploration
potential of the Company’s other mineral projects.
In certain cases, forward -looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that cert ain actions, events or
results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based
on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations and
complete an additional drill program ; the results of exploration activities, commodity prices, the timing and amount of future exploration and
development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits,
the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and
other similar matters. While the Company considers these assumptions to be reasonable based on information currently availabl e to it, they
may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual resu lts,
performance or achievements of the Company to be materially different from any future results, performance or achievements ex pressed or
implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including
risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices,
risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks
related to current global financial conditions and the impact of any future global pandemic on the Company’s business, reliance on key
personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes
and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and
liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the a dditional risks identified in the
“Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from
those described in forward -looking information, there may be other factors that cause actions, events or results n ot to be as anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information
is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation
to publicly update or revise any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.