Metal Energy Announces Additional Strategic Investor: Teck Acquires 9.9% Equity Interest to Fund Exploration on the NIV Property in BC
Metal Energy Announces Additional Strategic
Investor: Teck Acquires 9.9% Equity Interest to
Fund Exploration on the NIV Property in BC
Toronto, Ontario--(Newsfile Corp. - December 12, 2025) - Metal Energy Corp. (TSXV: MERG) (OTCQB:
MEEEF) (the "Company" or "Metal Energy") is pleased to announce that Teck Resources Limited
("Teck") will make a strategic investment in Metal Energy and becomes a 9.9% shareholder, joining
Centerra Gold Inc. ("Centerra"), who will also hold a 9.9% strategic interest.
"We are pleased to welcome Teck as our second strategic investor in Metal Energy. Having one major
mining company already on our register provides meaningful validation, adding a second reinforces that
confidence. We look forward to having Centerra and Teck form a joint technical advisory committee and
believe Teck's long track record in base metals in British Columbia is an excellent complement to
Centerra's focus on gold operations in the region.
It's worth underscoring how rare it is to have two major
mining companies invest in an undrilled asset. Their participation reflects both the quality of the targets
and the exceptional work of Charlie Greig and Alex Walcott in advancing this opportunity.
"With this financing fully subscribed and two major mining companies now aligned with us, we hope the
broader mining investment community will take notice of Metal Energy and NIV as our team moves
toward its next objective of delivering another discovery in the region," said Stephen Stewart, Chairman
of Metal Energy.
Strategic Investments by Teck and Centerra
Teck and Centerra are each expected to subscribe for 4,442,000 shares of the total (i) 8,880,000
common shares to be issued on a premium flow-through basis (each, an "FT Share") at a price of
C$0.73 per FT Share; and (ii) 6,200,000 common shares (each, a "Share") at a price of C$0.45 per
Share. Following completion of the Offering, each of Teck and Centerra are expected to own
approximately 9.9% of Metal Energy's issued and outstanding common shares. In connection with the
closing of the Offering, the Company will enter into an investor rights agreement with Teck, substantially
on par with the investor rights agreement which will be entered into with Centerra, which will include
certain top-up and information rights, and will require that funds from Teck be allocated to fund
exploration on the Company's NIV property.
Closing of the Offering announced on November 27 (
news release here
) is expected to occur on or
about December 16, 2025, subject to the satisfaction of customary closing conditions, including receipt
of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. All securities
issued in connection with the Offering will be subject to a hold period of four months plus one day in
accordance with applicable securities laws.
About Metal Energy
Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) is a critical metals exploration company focused
on copper and gold assets in Canada. The Company controls NIV, a fully permitted and drill-ready
copper-gold-molybdenum project located in British Columbia's prolific Toodoggone District, a region
known for significant porphyry deposits.
With the addition of NIV, Metal Energy's portfolio now includes three high-potential projects:
NIV Project
(Cu-Au-Mo, 100% controlled) - Toodoggone District, British Columbia
Highland Valley Project
(Cu-Mo-Ag-Au-Re, 100% owned) - British Columbia
Manibridge Project
(Ni-Cu-Co-PGE, 85% owned) - Manitoba
For further information, please contact:
Metal Energy Corp.
MERG on the TSXV
www.metalenergy.ca
Reader Advisory
Certain information set forth in this news release contains forward-looking statements or information
("forward-looking statements"), including details about the business of Metal Energy. All statements in
this news release, other than statements of historical fact, that address events or developments that
Metal Energy expects to occur are forward-looking statements, including, but not limited to, the
completion and timing of the Offering, TSXV approval, the use of proceeds from the Offering, and future
exploration plans and timelines. By their nature, forward-looking statements are subject to numerous
risks and uncertainties, some of which are beyond Metal Energy's control, including the impact of
general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations,
environmental risks, operational risks, competition from other industry participants, and stock market
volatility. Although the Company believes that the expectations reflected in its forward-looking statements
are reasonable, such statements are based on factors and assumptions concerning future events which
may prove to be inaccurate.
Such statements are subject to known and unknown risks, uncertainties and other factors that could
influence actual results or events and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place
undue reliance on forward-looking statements, as no assurance can be provided as to future results,
levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could
affect actual results are discussed in Metal Energy's public disclosure documents available at
www.sedarplus.ca
. Furthermore, the forward-looking statements contained in this document are made
as of the date of this document and, except as required by applicable law, Metal Energy does not
undertake any obligation to publicly update or revise any of the forward-looking statements, whether as a
result of new information, future events or otherwise. The forward-looking statements contained in this
document are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. 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.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES.
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https://www.newsfilecorp.com/release/277816